FrieslandCampina Lifts NASD OTC Exchange by 0.04%

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Nigeria Autonomous Foreign Exchange Market (NAFEM) and the unregulated Peer-to-Peer (P2P) and the parallel market segments of the foreign exchange (FX) market on Wednesday, November 29 as President Bola Tinubu reiterated his administration’s promise to meet its obligations. Speaking during the presentation of his administration’s N27.50 trillion 2024 budget proposal to the joint session of the 10th National Assembly on Wednesday, Mr Tinubu said, “Despite the challenges, we continue to meet our obligations.” In the official NAFEM segment of the market, the value of the local currency went

By Adedapo Adesanya The House of Representatives has pledged to stop international oil companies (IOCs) operating in the Niger Delta from divestment of their offshore assets without being accountable to the environment. The Chairman of the House of Reps Committee on Host Communities, Mr Dumnamene Dekor, said this during a technical session on the implementation of the Host Communities Development Trusts (HCDT), organised by Spaces for Change (S4C) with support from Ford Foundation. Mr Dekor raised the alarm that since the passage of the Petroleum Industry Act in 2021, host communities have not experienced any positive change, rather have remained

By Adedapo Adesanya  Angola, one of Africa’s top crude oil producers and a key member of the Organisation of the Petroleum Exporting Countries (OPEC), has officially rejected the proposed production quota for the year 2024 and may even exit the group. This was signalled by Mr Diamantino Pedro Azevedo, Angola’s Minister of Energy and Mineral Resources, confirming the nation’s decision and indicating a divergence from OPEC’s suggested allocations for both member and non-member countries. The announcement was made during the 26th OPEC+ Meeting on Thursday, where the organisation proposed 1.11 million barrels of crude oil per day production quota for

By Dipo Olowookere The battle for selecting the flag bearer of the All Progressives Congress (APC) in Ondo State for the governorship election holding in the state in 2016 is taking another twist. Business Post learnt that on Monday morning, those who work at the secretariat of the APC in Ondo State were shocked with what they were welcomed with. Our reporter gathered that some fetish materials were spotted at the main gate of the party’s office, located on Oyemekun Road, in Akure, the state capital. This, Business Post learnt, scared many party workers away from the place. It was

By Adedapo Adesanya Crude oil prices continued their bullish run on Wednesday, November 25 after the Energy Information Administration (EIA) reported a crude oil inventory draw of 800,000 barrels for last week. Previously, the price had risen to its highest levels for the first time since March as a third promising Coronavirus vaccine raised hope for fuel demand recovery. However, at the midweek, the global benchmark crude gained 91 cents or 1.9 per cent to sell at $48.77 per barrel while the United States’ West Texas Intermediate (WTI) crude went up by 90 cents or 2.0 per cent to trade

By Modupe Gbadeyanka Muslims in Nigeria have been directed to begin the yearly religious rite of Ramadan from Monday, May 6, 2019. This directive was given in a broadcast on Sunday by the Sultan of Sokoto, Sa’ad Abubakar III, following the sighting of the new crescent in Sokoto yesterday. Ramadan is the ninth month of the Islamic calendar in which Muslims observe one-month fast. It is one of the five pillars of Islam and is a compulsory religious obligation on all adult Muslims. The northern monarch, as the president-general of the Nigerian National Supreme Council for Islamic Affairs (NSCIA), is

By Jerome-Mario Utomi It is no longer news that recently, the Director-General of the Industrial Training Fund (ITF), Sir Joseph N. Ari, officially presented the ITF Mobile Android GSM smartphone to President Muhammadu Buhari at the Presidential Villa, Abuja. The DG said at the presentation that the ITF mobile phone, which was comparable in quality to any other brand of Android phone in the world, was assembled by the ITF Model Skills Training Centre (MSTC), Abuja, as part of the implementation of the vision of the incumbent management of the ITF with particular emphasis on research and development. The phone

By Modupe Gbadeyanka No fewer than 10,000 jobs are expected to be generated from the proposed restoration and upgrade of the iconic National Theatre in Iganmu, Lagos. The Minister of Information and Culture, Mr Lai Mohammed, made this disclosure on Sunday during the handing over of the facility to the Central Bank of Nigeria (CBN) and the Bankers’ Committee. Business Post gathered that the transformation of the edifice and the adjoining 134-hectare fallow land at a value of N25 billion will last 18 months and would be done in two phases. The first phase include the upgrade of the theatres

By Dipo Olowookere The lawmaker representing Kogi West Senatorial District, Mr Dino Melaye, has finally abandoned the All Progressives Congress (APC) to rejoin the Peoples Democratic Party (PDP). The embattled Senator announced his defection on Wednesday on the floor of the Senate. Mr Melaye was one of the new PDP members who joined APC in 2014 ahead of the 2015 general elections, which eventually kicked out the PDP as the ruling party. The Kogi State lawmaker has been having it rough lately with the ruling APC government, especially with his state governor, Mr Yahaya Bello, over the control of the

By Adedapo Adesanya The National Drug Law Enforcement Agency (NDLEA) says it has 12 dockworkers at the Apapa seaport in its custody in Lagos because of their alleged significant links to the importation of 32.9 kilograms of cocaine worth over N9.5 billion in street value. According to a statement, the Federal High Court in Lagos had granted an application by the agency for the interim attachment of a vessel MV Chayanee Naree used to import the drug into Nigeria through the Apapa seaport. Aside from the attachment order, the court also granted NDLEA’s request to detain the Master of the

There are a lot of factors that determine your choice of currency when trading. For instance, if you want to know how to trade with Ripple, you must know the essential factors that affect the price of Ripple. Key Factors Affecting the Ripple Price Just like every other currency, the price of ripple is influenced by demand and supply, yet there are a couple of things that make ripple different from other currencies. These unique factors influence how participants respond to demand and supply. Ripple Supply Ripple Coin is pre-minted with 100 million of it at the time of launching;