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By Dipo Olowookere Dangote Refinery and Petrochemical Limited will be listed on the floor of the Nigerian Exchange (NGX) Limited in the future, the Chairman of the company, Mr Aliko Dangote, has revealed. Mr Dangote, who is the richest man in Africa, confirmed this in an interview with the Financial Times published on Saturday. The refinery will join other businesses of Mr Dangote currently trading their equities on the NGX, Dangote Cement, Dangote Sugar, and NASCON. The oil facility, believed to be worth about $20 billion, was launched in May 2023 by the immediate past president of Nigeria, Mr Muhammadu

By FBS As Black Friday approaches, global broker FBS delves into the relationship between the year’s biggest sales season and its impact on the financial markets. The FBS analysts particularly discover the trends of the world’s largest economy – the American. They analysed reactions across assets and macroeconomic conditions to understand the Black Friday impact better. What influences the Black Friday numbers FBS analysts highlight three critical indicators for gauging Black Friday’s impact on the US economy: the number of buyers, the average amount spent, and the total spending. Over the past 18 years, notably successful in terms of total

By Adedapo Adesanya The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has admitted that the country recorded a revenue drop of $1.4 billion between 2015 and 2019 after imposing foreign exchange (FX) restrictions for import of 43 items over eight years. The apex bank governor made this known on Friday while delivering his keynote address at the 58th Annual Dinner of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos. The apex bank head, during the preparation of his monetary policy thrust, cited available data saying, “Studies have shown that during the period when the

By Modupe Gbadeyanka The on-going Cowbellpedia Mathematics Television Quiz Show has continued to generate big excitement as one of the contestants; Jessica Austine revealed last weekend that she draws her inspiration for Mathematics when she dances. Austine, 13, a student of Federal Government Girls College, Owerri, Imo State explained that she loves dancing which inspires her to solve Mathematics questions.  “I love dancing greatly. It is my hobby. When I am not solving mathematics problems, I dance…This helps me greatly whenever I go back to my Mathematics,” she told journalists in Lagos last weekend. In the sixth preliminary round, Austine

By Dipo Olowookere A total of 11 companies listed on the Nigerian Stock Exchange (NSE) have been sanctioned and asked to pay fines to the tune of N48 million in the first eight months of this year. Most of the infractions committed by the affected firms were on the late submission of their financial statements to the exchange for the use of the investing public. According to data obtained by Business Post from the NSE over the weekend, the first company to get into the book of wrongdoers was Access Bank Plc. The lender was slammed with a fine of

By Kester Kenn Klomegah Senegal has held a well-representative meeting to seek dialogue with a cross-section of civil society leaders, experts from different economic sectors and both public and private business leaders for the management of revenues from the country’s oil and gas, hydrocarbons and energy resources in the country. Senegal, located on the West African coast, has a population of approximately 15.9 million. While the economy is mostly driven by mining, construction, tourism, fishing and agriculture, it has state revenues from the exploitation of some natural resources. These revenues largely constitute the national budget. With the utmost ambition and

By Adedapo Adesanya  Amid the continuous tightening of the interest rate benchmark by the Central Bank of Nigeria (CBN), there have been predictions that more Nigerian banks will have to pursue cross-border expansion. The latest was put forward by Mr Johnson Chukwu, CEO of Cowry Asset Management, who noted that Nigeria’s continuous hawkish monetary policy would see more Nigerian local lenders find footing in other climes with favourable interest rates.  He made this disclosure at a recent Cowry Asset Management virtual webinar themed Nigeria’s Economic Landscape. He explained that the cumulative 6.5 per cent increase in the benchmark interest rate would

By Investors Hub European stocks have given up early gains to turn mostly lower on Tuesday as investors gear up for the US earnings season and looked ahead to testimony from Fed chair Janet Yellen this week for clues on the timing of the next U.S. rate hike. While the German DAX Index is up by 0.2 percent, the French CAC 40 Index is down by 0.3 percent and the U.K.’s FTSE 100 Index is down by 0.8 percent. Adecco shares have come under pressure after analysts at Deutsche Bank cut their rating on the Swiss staffing firm. Pearson shares

By Dipo Olowookere A former Governor of Kaduna State, Mr Balarabe Musa, has died. Mr Musa, who governed the old Kaduna State from 1979 until he was impeached in 1981, was said to have died on Wednesday morning in Kaduna. Before his demise, the deceased contributed to many national issues and he was respected for this views on trending matters of national importance. The 84-year old conservative politician was a leader of the Conference of Nigerian Political Parties (CNPP), a coalition of opposition parties, in the present fourth republic. He is a strong believer of electoral reforms aimed to transform

Convener of Tonye Cole Volunteer Group, Mrs Ibifuro Tatua, said she was confident that the All Progressives Congress (APC) will have sweeping victory in Nigeria’s upcoming legislative and executive elections. She also criticized Rivers State Governor, Mr Nyesom Wike, for spreading of defamatory statements about the country’s ruling party. “We are feeling the pulse of Rivers people. APC will win in 2019. Lies, threats and other attempts to bully the electorate will not play a factor in the 2019 Rivers State governorship election,” Mrs Tatua said Tuesday at a meeting with South-South leaders in public, private and non-profit sectors. She

Every business is founded to solve a customer problem, and the vast majority of products and services are designed to alleviate a specific customer pain point. But it is still important to let each customer know how their specific problems are being solved. One of the best ways to build brand credibility is to understand a customer’s journey and build long-term relationships with them. In this article, we ask industry professionals how they meet the needs of their customers. Build engagement with customers It’s no secret that we live in a time of unprecedented technological acceleration. Nowhere is that more