NASD Exchange Opens 2022 Bullish With 0.60% Growth

By Adedapo Adesanya Oil prices fell further on Thursday touching a six-month low, as investors worried about sluggish energy demand in the United States and China. Brent crude futures dropped 48 cents to $73.82 a barrel and the US West Texas Intermediate (WTI) crude futures fell by 33 cents to $69.05 per barrel, with both benchmarks posting their lowest prices since late June. Analysts noted that the largest global importer of oil, China, is shuttering its interests in crude and this has created pressure on prices. Chinese customs data showed that crude oil imports in November fell 9 per cent

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a further rise of 0.55 per cent, extending its stay in the green territory to a fourth straight session on Thursday, November 7. This increased the NASD Unlisted Security Index (NSI) by 4.81 points to wrap the session at 872.54 points compared with 867.73 points in the previous session, as the market capitalisation of the OTC exchange jumped by N6.52 billion to settle at N1.182 trillion, in contrast to the preceding trading day’s N1.176 trillion. The unlisted securities market ended the trading session with two price gainers, 11 Plc and

By Dipo Olowookere The first half of 2019 was fruitful for Nestle Nigeria Plc, going by the details of the financial statements of the firm for the period ended June 30, 2019. For example, the revenue jerked up by 4.9 percent to N141.9 billion from N135.3 billion, buoyed by sales of the company’s products from across the country, which put N139.8 billion into the purse of the firm against N133.7 billion in the same period of last year. Also, the finance income rose to N891.1 million from N838.2 million, with the gross profit increasing to N66.1 billion from N55.6 billion.

By Modupe Gbadeyanka Governor Hope Uzodinma of Imo State has been congratulated by the Conference of Nigeria Political Parties (CNPP) on his reelection for a second term in office for four years. Mr Uzodinma contested in the exercise as the candidate of the All Progressives Congress (APC) on Saturday, November 11, 2023. On Sunday morning, the Independent National Electoral Commission (INEC), through its Returning Officer, Mr Abayomi Fashina, the Vice Chancellor of the Federal University, Oye Ekiti, declared the Governor as winner of the governorship poll. In a statement signed by the Deputy National Publicity Secretary of CNPP, the umbrella

By Adedapo Adesanya The micro-blogging platform, Twitter, has announced the addition of the pan-African payment solutions Barter by Flutterwave and Paga as additional payment providers to a feature on its platform called Tips. Tips is a new way to monetise on Twitter and enables people on the service to send and receive funds as a token of appreciation. Barter is a web and mobile app, from payments technology company by Flutterwave that lets users send and receive money from abroad instantly and safely at affordable rates. Speaking on this development, Mr Olugbenga Agboola, Flutterwave Chief Executive Officer, explained that Tips

By Modupe Gbadeyanka Veteran Nigerian actor, Bimbo Manuel, will take his new stage play, Philomena, to Port Harcourt, Rivers State, from February 11 to 14, 2022. A statement disclosed that the performances kick off on February 11, 2022, at the Atlantic Hall of the Hotel Presidential, in Port Harcourt with a red carpet and variety edition with fine music and choice dining at the February 14 special performance. Fun-seekers would be able to see live performances of movie stars like Monalisa Chinda, Charles Inojie, Francis Duru, Ejike Asiegbu and others by purchasing tickets for N5000, N10,000, N20,000 and tables ranging

By Adedapo Adesanya Bus-hailing startup, Plentywaka, has launched a new business-to-consumer delivery service known as Logistics By Plentywaka (LBP), an expansion of the company’s bus transportation network in Nigeria. The Lagos-based service removes the stressful task of transporting packages across the busy city, providing customers with same-day delivery and a range of logistical vehicles from cooling vans, trucks, and bikes, which can be easily selected depending on the requirements, the company said Monday. The firm also noted that informal businesses, small and medium-sized enterprises, and large organizations will also benefit from the ease and speed of the service, which can

By Adedapo Adesanya   The federal government in collaboration with states is considering an Operation Feed Yourself initiative to encourage the establishment of urban farms and small home gardens. The Vice President, Mr Yemi Osinbajo, confirmed this at a High-Level Meeting on Nutrition attended by United Nations Deputy Secretary-General, Mrs Amina Mohammed, State Governors, representatives of development partners including UNICEF, the Bill and Melinda Gates Foundation, the Aliko Dangote Foundation, and convener of the UN Food System Dialogue, Mrs Olusola Idowu who is also the Permanent Secretary, Budget and National Planning Ministry. The Operation Feed Yourself scheme is one of

By Investors Hub Asian stocks ended mixed on Friday as trade worries persisted and investors digested key data from China and Japan. The White House is holding off on a decision about licenses for U.S. companies to restart business with Huawei Technologies Co., Bloomberg reported after Chinese companies halted purchases of U.S. agricultural products. Chinese shares fell after the release of mixed inflation data. The benchmark Shanghai Composite Index ended down 19.80 points or 0.1 percent at 2,774.75. Consumer prices in China rose an annual 2.8 percent in July, the National Bureau of Statistics said in a report. That exceeded

By Modupe Gbadeyanka Minister of Information and Culture, Mr Lai Mohammed, has disclosed that the integrated mills in the country currently produce about 150,000 bags of rice daily and about 35 million bags per annum. Mr Mohammed made this disclosure on Monday while addressing newsmen during a press conference to roll out the achievements of the present administration led by President Muhammadu Buhari. The Minister said the giant strides of this government, which commenced its second term of four years on May 29, 2019, were already being felt in the agricultural sector, stressing that “today, Nigeria is closer to attaining