NGX Gives Investors Deadline to Disclose Substantial Interests in Listed Firms

By Adedapo Adesanya The prices of oil benchmarks jumped by 2 per cent on Tuesday on the fresh possibility that the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) will extend or deepen supply cuts. Data showed that Brent crude futures gained $1.70 or 2.1 per cent to close at $81.68 a barrel and the US West Texas Intermediate (WTI) crude increased by $1.55 or 2.1 per cent to $76.41 per barrel after a drop in Kazakh oil output and a weaker US Dollar. OPEC+ is due to hold an online ministerial meeting on Thursday to discuss 2024

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 Appreciation in the prices of three stocks saw the NASD Over-the-Counter (OTC) Securities Exchange closed with a 1.36 per cent rise on Friday, November 24 despite efforts by two equities to bring down the market. Aradel Holdings Plc recorded a N79.20 appreciation to sell at N871.20 per share compared to the previous day’s N792.00 per share, FrieslandCampina Wamco Nigeria Plc increased by N2.82 to close the day at N74.00 per unit versus Thursday’s closing price of N71.14 per unit, and UBN Property Plc jumped by 15 Kobo to finish at N1.65 per share, in contrast to the

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange fell into the danger zone on Tuesday, November 28, as it recorded a 1.14 per cent loss after the price of three securities on the platform closed lower. This chopped off N13.33 billion from the NASD OTC securities exchange at the close of transactions, going down to N1.158 trillion from the N1.171 trillion it ended in the previous session. Business Post reports that the effort of a price gainer yesterday could not save the NASD Unlisted Security Index (NSI) from declining by 9.84 points to 854.67 points from the 864.51 points

By Modupe Gbadeyanka Residents of Yaba, Surulere, Ilupeju, Gbagada, Ikeja and other parts of Lagos Mainland can now order food from the comfort of their homes and offices through the leading mobility platform, Bolt Food. This is because the company has expanded its operations to the areas after initially concentrating on customers in Lagos Island, Ikoyi, Victoria Island, and Lekki. Bolt Food, which launched in 2021, has provided top-notch services to residents of Lagos Island by delivering daily essentials such as food from over 100 restaurants to their doorsteps. Those on the mainland of Lagos have asked for similar food

There’s no doubt domestic workers are needed at some point in our daily life, especially for busy parents who find themselves juggling work, kids, and household chores. Getting the service of domestic staff such as nannies, drivers, cooks, etc. can be a great resource to get everything needed in your home, sorted. However, it’s important to get it right when hiring domestic workers or service providers to ensure you get the best out of the arrangement. If you live in Vancouver, and need someone to help you with it, don’t hesitate and contact Memorable Maids. For instance, in a place

By Investors Hub European stocks have edged lower on Friday amid Brexit woes as investors await the European Union’s decision on how long to delay the U.K.’s departure. Investors also remain worries about trade wars after U.S. Vice President Mike Pence adopted a hard line in a speech Thursday laying out President Donald Trump’s China policies and reiterating U.S. support for protesters in Hong Kong. While the French CAC 40 Index has bucked the downtrend and inched up by 0.1 percent, the German DAX Index is down by 0.2 percent and the U.K.?s FTSE 100 Index is down by 0.6

By Aduragbemi Omiyale The ratings of three non-financial corporates in Nigeria have been downgraded by Moody’s Investors Service on the back of the weakening of the federal government’s credit profile. The affected organisations are Seplat Energy Plc, Dangote Cement Plc, and IHS Holding Limited. In a statement issued on Friday, the rating agency said it has also repositioned the national scale corporate family rating (CFR) of Dangote Cement to A3.ng from Aa3.ng to reflect the mapping of Global Scale Ratings to National Scale Ratings. Moody’s noted that though the corporates have relatively prudent financial policies, adequate liquidity, moderate to low

By Dipo Olowookere United Bank for Africa (UBA) has introduced its first merchant-focused app in Africa, aimed at creating a secure, mobile, accessible, reliable and transparent (SMART) network of 100,000 micro merchants and driving financial inclusion. The Merchant App will include Masterpass QR, a mobile payment solution powered by MasterCard, and is immediately available for download to any feature or smart phone in the country. Micro, Small and Medium Enterprises (MSMEs) contribute significantly to the economy but remain heavily dependent on cash to run their business; however, consumers are demanding safer and more convenient ways to pay. Access to mobile

By Modupe Gbadeyanka As part of efforts to bolster their activities towards ensuring health commodities are available to patients and reduce incidences of wastages and expiries at health facilities, the Federal Ministry of Health, through the Nigeria Supply Chain Integration Project (NSCIP) of the National Product Supply Chain Management Programme (NPSCMP), has provide state of the art equipment to Logistics Management Coordination Units (LMCUs) in all states of the federation. It was gathered equipment distributed to the state LMCUs were power generating sets, work stations, desktops computers, laptops, printers, photocopiers, scanners, projectors, print papers and metal shelves. In his brief

By Nneka Okumazie Can most young, healthy and tall people around the world be trained to play basketball? Well, maybe. Though many may play, a few of very few would become really extraordinarily excellent. There are often debates on nature, nurture, ideas, execution, talent, diligence, raw material and refinery, etc. but most of these debates are skewed by conversation or situational objectives. Some often argue against refining if they want to defend the necessity of potential. Some argue against ideas if they want to make the case for execution. Depending on the situation, one supersedes the other, but both directions

By Modupe Gbadeyanka Popular Nigerian blogger, Ms Linda Ikeji, has finally revealed identity of the father of her newly-born child, who she christened Jayce. In a post on Friday, December 14, 2018, the famous blogger put a rest to controversies surrounding who actually impregnated her. According to Ms Ikeji, an oil and gas big boy, Mr Sholaye Jeremi, who is believed to be a close associate of Minister of State for Petroleum Resources, Mr Ibe Kachikwu, is the father of Jayce, who she gave birth to in the United States in September 2018. “Meet my son, Jayce and yes, Jeremi