Newrest ASL Nigeria Joins NASD Exchange After NSE Exit

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

For maritime businesses, the stakes are high, and the seas can be unpredictable. Whether you own a shipping fleet, operate a fishing company, or oversee marine logistics, safeguarding your assets with the right marine insurance is prudent. It’s also essential for the sustainability of your enterprise. Here are some tips for how to find the best marine insurance provider. By following these strategic steps, you can ensure your business remains afloat, even in the face of unforeseen challenges. 1. Assess Your Maritime Needs The first crucial step towards securing the ideal marine insurance provider is a comprehensive assessment of your

By Adedapo Adesanya The cryptocurrency market witnessed an uptick on Wednesday, with Bitcoin (BTC) managing to stay above the $26,000 level even as the US Dollar index rose to a new year-to-date high. Data obtained by Business Post showed that the most valued crypto, BTC, posted a 0.7 per cent appreciation during the midweek session to trade at $26,408.37 in the last 24 hours. On the part of the second-most valued digital coin, Ethereum (ETH), it remained in the $1,600 mark and it improved its value yesterday by 1.6 per cent to sell at $1,610.94. At the trading session, the US

By Modupe Gabdeyanka Several top personalities led by the Vice President of Nigeria, Mr Yemi Osinbajo, will be at the 6th anniversary of GbaramatuVoice Newspaper slated for Tuesday, August 10, 2021, by 10:00am, at the Eko Hotels and Suites, Lagos State. Other important guests expected at the ceremony include former president Goodluck Jonathan, Governor Babajide Sanwo-Olu of Lagos State, Governor Douye Diri of Bayelsa State and Governor Ifeanyi Okowa of Delta State. A statement issued by the Publisher and CEO of the newspaper, Mr Jacob Abai, stated that other dignitaries for the anniversary lecture/Niger Delta awards include traditional rulers, captains

By Modupe Gbadeyanka President of Theatre Arts and Motion Pictures Association of Nigeria (TAMPAN), Mr Bolaji Amusan, popularly known as Mr Latin, has refuted rumours making the rounds that his ailing colleague, Mr Babatunde Omidina, otherwise known as Baba Suwe, is dead. In a video made to debunk the unconfirmed reports, Mr Latin said the comic actor was presently in the United States of America (USA) receiving medical attention. Baba Suwe, who had an ordeal with the National Drug Law and Enforcement Agency (NDLEA) some years ago, was flown abroad for treatment. He has been battling with sickness since he

By Dipo Olowookere A new brand of pain relief caplet has been introduced into the Nigerian market by Emzor Pharmaceuticals, a leading and trusted company in the pharmaceutical world. The new product called Emzor Para 1000 provides maximum relief from headaches, pains and fever with only one easy-to-swallow caplet. Speaking at the unveiling of the new drug at the Ambassador Hotel, Ikoyi, Lagos, founder and Group Chief Executive Officer of Emzor Pharmaceuticals, Dr Stella Okoli, explained that unlike the regular paracetamol which requires double dosage to be effective, Emzor Para 1000 has the power to absorb quickly, ensuring rapid relief

By Dipo Olowookere The average treasury bills yields declined at the market on Monday as the Central Bank of Nigeria (CBN) continued with its regular Open Market Operations (OMO) auction. Business Post reports that the yields depreciated yesterday by 0.07 percent as the apex bank raised N88.9 billion from the sale of OMO bills to investors. From the 87-day bills, the central bank raise a meagre N51 million, while N88.8 was raked from the 227-day instrument. While the shorter dated bill was sold at 12.60 percent stop rate, the longer dated instrument cleared at 14.40 percent. It was observed that

By Investors Hub Asian stocks finished mostly higher on Thursday after the latest FOMC minutes showed Fed officials expressing some caution over the timing of future interest rate increases. Chinese shares ended little changed ahead of the Communist Party Congress starting next week. Hong Kong’s Hang Seng Index rose 69.46 points or 0.2 percent to 28,459.03. Japanese shares closed at a more than two-decade high as polls suggesting that Prime Minister Shinzo Abe’s ruling coalition is heading for a two-thirds majority in the forthcoming election helped offset concerns over a firmer yen. The Nikkei 225 Index climbed 73.45 points or

By Adedapo Adesanya The value of the Nigerian currency, the Naira, closed mixed against the United States Dollar at the various segments of the foreign exchange (FX) market on Monday, December 9, 2019. The various markets monitored by Business Post on the first trading day of the week showed that while the local currency depreciated at the Investors and Exporters (I&) window, it appreciated at the official interbank segment of the Central Bank of Nigeria (CBN). At the parallel market, the domestic currency traded flat. Data from the FMDQ OTC Securities indicated that yesterday, the Naira was strengthened against the

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Wednesday, February 24, with the key performance indicators remaining unchanged. Business Post reports that the market capitalisation of the NASD OTC Exchange retained the previous value of N624.97 billion, while the NASD Unlisted Securities Index (NSI) remained intact at 733.06 points. The stalemate witnessed yesterday came even as trading data showed a reduction in the volume, value and number of deals carried out at the bourse by traders. Investors traded a total of 4,079 units of securities in contrast to 6.7 million units of securities transacted at the