Nigeria Unveils 5-Year Plan to Increase Potato Production

By Dipo Olowookere No fewer than 15 Nigerian Small and Medium-sized Businesses (SMBs) will share the N75 million set aside by a tech giant, Google, in the 2023 edition of Hustle Academy Fund. The initiative was introduced in 2022 to provide equity-free funds to small business owners to scale up their operations and support entrepreneurial growth in Nigeria. Entries for the exercise opened on Thursday, September 28 and will close on Thursday, October 12, 2023, and to be eligible, businesses must be Nigerian-founded, operating within Nigeria for 1-5 years, and have a clear and scalable business plan. They should have

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 Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.38 per cent on Friday, September 30, with N4.16 billion added to the value of the bourse, closing at N1.105 trillion compared with Thursday’s value of N1.101 trillion. The market witnessed the improvement a day after the shares of VFD Group were yanked off the trading platform, with the NASD Unlisted Securities Index (NSI) closing higher by 3.06 points to settle at 815.65 basis points versus the previous day’s 812.59 basis points. There were three gainers led by FrieslandCampina Wamco Nigeria Plc, which improved by N1.31 to close at

By Dipo Olowookere The domestic currency had a breather in the peer-to-peer (P2P) and the parallel market segments of the foreign exchange (FX) market on Wednesday, with its value strengthening against the Dollar at the two windows. This was supported by the ease in the forex demand pressure during the trading session, which had the official market, the Investors and Exporters (I&E) arm of the market, non-operational yesterday due to the public holiday observed in the country for Eid el Maulud. Many customers who may have needed FX for their transactions stayed back to enjoy the work-free day, easing off

By Dipo Olowookere It was excitement galore as holiday and fun lovers trooped out in their numbers to celebrate the 5th annual Happyness Party 2018. The summer pool party, which took place on December 21, showcased the best of hip-hop nightlife with over four thousand people in attendance at the popular Tickle Bay in the heart of Lekki-Lagos.  The Happyness Party parades a colourful combination of celebrities, corporate executes and business professionals with the goal of making Lagos State the preferred destination for summer tourist in West Africa. It creates opportunities annually, where creative and merry minds can enjoy good

By Dipo Olowookere The Naira depreciated against the Euro on Wednesday at the black market just as the Central Bank of Nigeria (CBN) supported the foreign exchange market with a fresh $210 million to sustain fluidity at the market. The local currency, which was exchanged at the parallel market on Tuesday at N425 per Euro, lost N1 on Wednesday to trade at N426 at the market. This came a day after the apex sold $100 million to the wholesale segment, $55 million to the Small and Medium Enterprises (SMEs) segment, and $55 million to the invisibles segment such as tuition

By Dipo Olowookere The turnaround initiatives of Lafarge Africa Plc may have come to stay going by the first quarter financial results of the company released last Friday. The firm, which after offloading its South African arm last year started to get fresh air, said in the first three months of 2020, recorded a 153.1 percent growth in profit after tax. In the period under review, the cement giant printed a net profit of N8.1 billion compared with the N3.2 billion achieved in the corresponding period of 2019. It also posted a profit before tax of N9.4 billion in the

Looking for online part-time jobs, Nigerians often come across such a thing as Forex. They are promised big earnings with minimal investment, while anyone can trade and earn on this platform, even without experience in trading in the stock markets. Seems like a lie, doesn’t it? But what is Forex trading, and how does it really work? Let’s try to figure it out in this article. What is Forex, in simple words? Forex (foreign exchange market, or FX) is a market where online traders can exchange currencies in real-time. The fact is that currency quotes in relation to each other

By Investors Hub The major U.S. index futures are pointing to a higher opening on Thursday, with stocks likely to see further upside after ending the previous session mostly higher. The upward momentum on Wall Street comes as traders continue to shrug off concerns about the escalating trade dispute between the U.S. and China. JPMorgan Chase Jamie Dimon sought to downplay the trade dispute in comments to CNBC-TV18, calling it a ?trade skirmish? rather than a trade war. Upbeat economic data may also generate some positive sentiment, with a report from the Labor Department showing initial jobless claims unexpectedly dipped

By Ayomide Oriade Life in the emerging post-COVID-19 era is proving as difficult as when the virus put a halt to economic and other aspects of human activities while at its peak. The pandemic is leaving in its wake economic realities the world might not recover from for a decade to come. To navigate this unanticipated reality, countries are reeling out shrewd economic measures which are resulting in diverse economic effects on their citizens. More stinging is the dire economic situation the pandemic enforced on the globe that everyone is becoming more frugal with what they dispense. The situation on

By Modupe Gbadeyanka Minister of Labour and Employment Mr Chris Ngige, has warned that Federal Government would not tolerate incompetence from the parastatals and agencies of government, cautioning that the changing times demand dynamic leadership to meet up with the extant challenges. Mr Ngige said that all hands must be on deck to push the nation out of recession by 2017. The Minister stated this during his working visit to headquarters of three parastatals under the Ministry of Labour and Employment recently in Abuja. Addressing the management and staff of the National Directorate of Employment (NDE), Mr Ngige insisted that

By Modupe Gbadeyanka A credit facility worth N1 billion has been given to Kastina State government for disbursement to farmers in the state. This loan was provided by the Nigeria Export-Import Bank (NEXIM) for the development of an “export-worthy agricultural product” and comes with a single-digit interest rate. The funding facility would be given to farmers of a chosen product to cut across the value chain to benefit most of them. Managing Director of NEXIM Bank, Mr Abubakar Bello, during a visit to Governor Aminu Bello Masari of Katsina State, disclosed the credit facility was also available for all states