NDEP Shrinks NASD OTC Bourse by 0.15%

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 Dipo Olowookere The positive momentum witnessed at the Nigerian Exchange (NGX) Limited continued on Monday with a 0.17 per cent leap at the close of business. Buying pressure, particularly in a few blue-chip equities, kept the bulls at Customs Street during the trading session, though the consumer goods space succumbed to profit-taking by 0.99 per cent. But hope was kept alive by the gains reported by the other key sectors of the market, with the banking counter growing by 1.71 per cent, and the industrial goods index appreciating by 0.01 per cent, while the insurance and energy sectors remained

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 Adedapo Adesanya  Nigeria’s economy, measured through its gross domestic product (GDP), witnessed a 2.54 per cent growth in the third quarter (Q3) of the year 2023. In a report published on Friday by the National Bureau of Statistics (NBS), the 2.54 per cent year-on-year growth in real terms in the third quarter of 2023 is higher than the 2.25 per cent recorded in the third quarter of 2022 and higher than the second quarter 2023 growth of 2.51 per cent. The bureau further said that the performance of the GDP in the third quarter of 2023 was driven mainly by

By Dipo Olowookere Sensational Afro-pop artiste, Omawumi Megbele, has been unveiled as the brand ambassador for Lifebuoy Nigeria. This was done at the official re-launch of the health care soap held on Thursday, September 6, 2018 at the Raddison Blu Hotel, Ikeja. The ceremony was part of a nationwide campaign aimed at helping 2 million children adopt better hygiene practices and reducing child mortality. Speaking during the launch event, Brand Manager, Lifebuoy, Mr Lanre Odupe, spoke on the brand’s rationale in selecting the artiste to represent the campaign, saying, “Omawumi is an excellent and passionate professional, a singer who is

By Adedapo Adesanya President Bola Ahmed Tinubu has approved the indefinite suspension of Mr AbdulRasheed Bawa as the Chairman of the Economic and Financial Crimes Commission (EFCC) to allow for a proper investigation into his conduct while in office. In a statement on Wednesday, it was disclosed that the action followed “weighty allegations of abuse of office levelled against him.” Mr Bawa has been directed to immediately hand over the affairs of his office to the Director of Operations in the commission. The Director will oversee the affairs of the Office of the Chairman of the agency pending the conclusion

By Dipo Olowookere Former bank chief, Mr Aigboje Aig-Imoukhuede, has retired as Chairman of Wapic Insurance Plc with effect from Monday, April 27, 2020. To succeed him is Mr Mutiu Sunmonu, whose appointment was approved by the board and management of the company. “I am excited to take on this new role and build on the tremendous achievements of Aigboje Aig-Imoukhuede. “I am going to work with management and employees to actualise the aspirations espoused in the second phase of our company’s growth plan, most especially creating value for shareholders,” Mr Sunmonu said. Also, the board approved the appointment of

By Nneka Okumazie There’s so much guesswork in the process that leads to established science and technology that it is almost impossible to not involve guessing – or more acceptably referred to as experimenting. When some people say throw things and see what sticks, it is almost like the only way to move forward in an unknown world – is guessing. One method in drug discovery is high-throughput screening, where so many compounds are made to react with biological targets to see what has an effect. There are often dead-ends, promises and pipelines, but the amounts of incurable diseases and

Nigeria has been making quite a name for itself in the global business industry over the past few years. More and more powerful countries are trying to establish a strong base there because the returns are profitable. The overall development of Nigeria, both social and technological, has made it a popular hub for businessmen who are looking to expand their companies.  Betway mobile online betting, for instance, is today popular than ever. Germany’s domination: Germany has been one of the most foremost countries in the world when it comes to globalization. They are trying to have a foothold in different

By Modupe Gbadeyanka Two female suicide bombers have been reported dead at a cattle market in Maiduguri, the capital city of Borno State. It was gathered that the bombers had planned to attack the market, but were stopped by members of the Youth Vigilante stationed at the entrance. Reports say one of the women, on Monday, December 26, 2016, was ordered to stop at gun point from a distance to remove the explosives. It was during this time that the devices exploded, killing the two of them instantly. The incident reportedly caused tension in the area and saw many running

By Our Reporter The first of the four ember months will end tomorrow, Saturday, September 30, 2017, and the usual rush to make things done in the last quarter of the year will commence from next week. Some people will start travelling a lot so as to accomplish their goal for the year. Ten years ago, the Nigerian Breweries PLC went into partnership with the Federal Road Safety Corps (FRSC) to initiate a campaign against ‘Don’t Drink and Drive.’ As a pro-active and intelligent driven government agency, FRSC has invested massively on process, people and technology through the installation of

By Ahmed Rahma Over N9.6 trillion has been processed by the FirstMonie agents of First Bank of Nigeria, with more than 250,000 indirect jobs created within the last three years. The CEO of the financial institution, Mr Adesola Adeduntan, during a chat with newsmen recently disclosed that the channel has been used to make cash transfers to the poorest of the poor in the rural areas by the governments and NGOs. He revealed that the agents in the rural communities are equipped with BVN enrolment devices which enables them to enrol and open accounts for rural dwellers. With over 86,000