IPMAN Divided over Fuel Subsidy Removal

By Dipo Olowookere Profit-taking persisted at the Nigerian Exchange (NGX) Limited on Thursday, with Customs Street going down by 0.31 per cent on its return from a midweek break. The market closed its doors to traders on Wednesday due to the public holiday declared by the federal government to mark Eid-el Maulud, the birthday of Prophet Mohammed. Business Post reports that market participants did not take their minds off the pressing issues affecting the Nigerian economy, especially rising inflation, energy costs and the foreign exchange (FX) crisis. As a result, they liquidated their shares, leading to a negative market breadth

By Aduragbemi Omiyale The Vice President, Mr Kashim Shettima, has said Nigeria is in dire need of foreign direct investment (FDI) more than ever before, tasking domestic and foreign investors to make Nigeria their investment hub because efforts are being made to formulate business-friendly policies. Mr Shettima, while speaking when he hosted the management of First Surat Group, as well as top management of MTN Nigeria at the presidential villa in Abuja, charged MTN Nigeria to facilitate and spearhead digital mobile money and digital education. He assured that President Bola Tinubu was willing to partner with various stakeholders in the

By Adedapo Adesanya VFD Group Plc has been officially delisted from the NASD Over-the-Counter (OTC) Securities Exchange months after the proprietary investment company revealed its intention to list its stocks on the Nigerian Exchange (NGX) Limited. The bourse on Thursday confirmed the development in a notice seen by Business Post. “Pursuant to the company’s request to delist from the NASD OTC Exchange, we wish to inform you that VFD Group PLC shares will be delisted with effect from the close of business (COB) today, Thursday, September 28, 2023,” the notice read. Last Friday, after three years of trading on the

By Adedapo Adesanya The International Monetary Fund (IMF) has said African nations face a projected financing gap of $345 billion through 2023 as a result of the current coronavirus pandemic. The Managing Director of the institution, Ms Kristalina Georgieva, told a conference that countries on the continent had spent an additional 2.5 per cent of their gross domestic product (GDP) on average to help their populations, and institutions like the IMF had also stepped up, but more aid was needed. Private lending also remained subdued, she said. “The pandemic will not be over anywhere until it is over everywhere,” Ms

By Modupe Gbadeyanka A student of the Department of Chemical Science of Glorious Vision University (GVU), Ogwa, Edo State, Miss Egbeyinka Elizabeth, was the cynosure of all eyes at the institution’s 8th convocation ceremony held recently. Miss Egbeyinka emerged as the best graduating student with a 4.82 Cumulative Grade Point Average (CGPA), sweeping several awards and cash gifts at the event. Business Post gathered that the brilliant student went home with the Vice-Chancellor prize for Overall Best Student, TACN Remo Area prize for Best Graduating TACN Member Student, and Departmental prize for Best Student in the Department of Chemical Sciences.

By Adedapo Adesanya The Inspector-General of Police (IGP), Mr Usman Alkali Baba, has ordered the deployment of adequate security around schools, hospitals, and critical national infrastructures across the country. The Force Public Relations Officer, Mr Olumuyiwa Adejobi, who disclosed this in a statement on Sunday, said the IGP has also ordered regular patrols, stop and search, raids and show of force by tactical commanders to clamp down on pockets of crime and criminality in some states of the federation. “The Inspector-General of Police, Usman Alkali Baba, has ordered the deployment of water-tight security arrangements to cover all schools, hospitals, health

Music is a universal language that people should be able to access at their fingertips without the hindrance of data costs or monthly subscriptions. That’s why Spotify has the Free tier, which offers the same quality listening experience that the platform is known for, but without the monthly subscription fee. Personalisation is at the heart of what we do at Spotify, curating music based on every user’s listening habits, so the more you listen, the more you are setting the tone. With playlists made just for you, whether you are on Spotify Premium or the Free Tier, here are some

By Guardian Except the Federal Government pays all petroleum subsidy arrears of over $2 billion (N720 billion) owed oil marketers, many employees in the downstream sector may soon be thrown into the labour market. Already, the oil marketers have disclosed plans to embark on mass retrenchment of workers as government fails to pay the outstanding subsidy owed on the importation of petroleum products, accrued interest on loans from banks and exchange rate differential. The government’s delay in the payment of the over N720 billion debt has made marketers to halt the importation of petrol, leaving the Nigerian National Petroleum Corporation

By Adedapo Adesanya  Oil prices rose marginally on Monday despite concerns over rising tensions between the United States and China in a session that didn’t trade much due to the Eid-el-Fitr holiday. There were expectations over China’s plans to impose security laws on Hong Kong and the possibility of sanctions from the United States, which has always kicked against it. Oil prices have risen sharply in recent weeks as an easing of coronavirus restrictions has led to increased demand, but the tensions between the United States and China have been pegged to sway the market. In the short trading on

By Dipo Olowookere Mrs Olubunmi Fabamwo has retired as the Lagos State Public Service Staff Development Centre (LPSSDC). Mrs Fabamwo was appointed as the Director-General of the agency on May 18, 2009‎ by the Lagos State government. A send-forth ceremony was recently held in her honour and several people showered encomiums on her, describing her as an “administrator and intellectual par excellence.” Commissioner for Establishment, Training and Pensions, Dr Benson Akintola Oke, said Mrs Fabamwo’s “excellence enabled her to serve two successful terms as the Director-General of the premier Public Service Training Institute, not only in Lagos but in Nigeria.”

By Modupe Gbadeyanka Ten years ago, a foremost financial institution in Africa, Guaranty Trust Bank (GTBank) Plc started advocacy for people living with autism. Before the lender took up this laudable project, not much had been done in raising awareness for those living with autism, but GTBank has done much to give them a voice in the society. The bank’s Orange Ribbon Initiative has also become a major rallying point for driving awareness about autism, campaigning against the social stigma associated with developmental disorders, and helping people with autism live a full and productive life. This year, as part of