NASD OTC Exchange Market Capitalisation Reaches N547.06bn

By Bliss Okperan A foremost content reader, FeedSpot, has named Business Post Nigeria as one of the Top 25 Nigeria Personal Finance Blogs. In the list, Business Post was placed in the 8th position, ranking among other reputable online platforms serving readers with quality and educative business and financial news reports and articles. In the top 10, FeedSpot listed Nairametrics as number one, followed by UBA Group, Financial Nigeria Magazine, Investors King, Cowrywise Blog, Financial Watch, MakeMoney, Business Post Nigeria, Nigeria Galleria Blog, and Money Matters with Nimi. Other platforms listed were LagosMums, Financengr, Rosabon Financial Blog, Ohimai Consulting Blog,

By Adedapo Adesanya Crude oil prices went in different directions on Friday amid profit-taking as markets weighed supply concerns from Russia’s fuel export ban against demand woes from future rate hikes. While the Brent futures lost 3 cents to close at $93.27 a barrel, the US West Texas Intermediate crude (WTI) futures rose by 40 cents to sell for $90.03 a barrel. However, both benchmarks closed downwards on a week-on-week basis, with Brent shedding 0.3 per cent, breaking a three-week streak of gains, and WTI sliding by 0.03 per cent for the week, the first decline in four weeks. Russia

By Adedapo Adesanya Though the supply of foreign exchange (FX) in Nigeria has remained low, the Naira closed stronger against the United States Dollar in the Investors and Exporters (I&E) and the Peer-to-Peer (P2P) segments on Wednesday, September 20, and maintained stability in the parallel market. According to data obtained from FMDQ Securities Exchange, the local currency appreciated against the Dollar in the midweek session by 0.76 per cent or N5.89 to sell for N770.71/$1 versus the previous rate of N776.60/$1 amid a decline in the value of forex transactions by 9.4 per cent or $6.65 million to $64.36 million

By Aduragbemi Omiyale Nigerians have been advised to purchase life insurance policies to help secure the financial future of their loved ones. This advice was given by the chief executive of Stanbic IBTC Insurance Limited, Mr Akinjide Orimolade, in a statement issued by the subsidiary of Stanbic IBTC Holdings Plc. He said his company enables prompt payment of claims to beneficiaries, product flexibility, access to expert financial advisors and quality professional services. According to him, to deepen insurance penetration in Nigeria, the firm has introduced The Good Life insurance campaign to educate Nigerians on the needs and benefits of having

By Professor Maurice Russian President Vladimir Putin invited African leaders and ‘non-Western friends’ to his hometown, St. Petersburg, which hosted the second Russia-Africa summit from July 27-28. In the past three years, Russias Foreign Minister Sergey Lavrov has visited several African countries. Lavrov has used shuttle diplomacy in African capitals to build support and strengthen further political contacts in preparation for the Russia-Africa summit. According to the Kremlin report, the current geopolitical period is “extremely difficult”, and consequently, only 17 heads of state out of 55 African countries were at the summit. There were, of course, a total of 49

By Modupe Gbadeyanka The 38 Commissioners and Special Advisers nominees of Governor Babajide Sanwo-Olu have been screened by 16-man ad-hoc committee set up by the Lagos State House of Assembly. The Governor had first sent 25 names to the state parliament before sending another 13 some days ago. Last Thursday, the panel screened six of the 13 nominees and the remaining seven on Friday at the Lateef Jakande Auditorium of the Assembly Complex in Ikeja. This was after the first batch of 25 nominees were screened by the committee led by the Chief Whip of the House, Mr Rotimi Abiru.

By Dipo Olowookere Owner of Chanchangi Airlines, Mr Ahmadu Chanchangi, has been reported dead. He was said to have breathed his last on Wednesday morning along the Kaduna-Abuja Expressway on his way to the National Hospital in Abuja. He was reportedly illness and was being rushed to the hospital before he gave up the ghost. According to reports, he was buried this afternoon at his hometown in Taraba State. Among early sympathisers at the deceased’s home was the Deputy Senate Leader, Mr Bala Ibn Na’Allah, and a former member of the Kaduna State House of Assembly, Mr Mohammed Ali. Mr

By Dipo Olowookere The fertilizer blending plant located in Auchi area of Etsako West Local Government of Edo State will commence commercial fertilizer production from June 20, 2017, the General Manager of the technical company managing the fertilizer plant, Mr Ayodele Ejaoye, has assured the state Governor, Mr Godwin Obaseki. Mr Ejaoye gave this assurance to Mr Obaseki on Thursday when the Governor paid a visit to the plant. The facility has the capacity to produce about 7-ton of fertiliser per hour. During the visit, the Governor inspected facilities and work progress at the plant and after his mission, he

By Adedapo Adesanya On Thursday, the Nigerian currency had a better outing against its United States counterpart at the various segments of the foreign exchange (FX) market. Business Post reports that the Naira eased off the forex demand pressures it came under yesterday by gaining weight against the greenback at the black market, the Peer-to-Peer (P2P), and the Investors and Exporters (I&E) windows. This was bolstered by the decision of Nigerians to monitor the effect of the new series of the N200, N500, and N1,000 notes unveiled a day earlier in Abuja by President Muhammadu Buhari. According to the Central

Most Asian stocks rose on Monday as crude oil prices rebounded after settling nearly 3 percent lower on Friday and better-than-expected jobs data out of the United States helped bolster investor confidence in the world’s largest economy. Japanese shares closed notably higher as a weaker yen lifted exporters, helping offset weak current account and core machine orders data. While Japan’s current account surplus fell for the first time in four months in May, core machinery orders unexpectedly tumbled due to persistent weakness in the services sector, separate reports showed. The dollar hit a two-month high versus the yen after U.S.

By Dipo OlowookereNigeria’s former Chief of Defence Staff, Mr Alex Badeh, has been shot dead by some unknown gunmen along the Abuja-Keffi road. The former top military brass was said to have been assassinated on Tuesday, December 18, 2018 while returning from his farm. Spokesman of the Nigerian Air Force, Mr Ibikunle Daramola, who announced the demise of Mr Badeh on Tuesday night via his Twitter handle, said the former general died of gunshot wounds he sustained during the attack. “It is with a heavy heart that I regretfully announce the unfortunate demise of former Chief of Defence Staff, Air