NPA to Yank Off Erring Truckers from Electronic Call-up System

By Adedapo Adesanya The Minister of Solid Minerals Development, Mr Dele Alake, has assured foreign investors of low production costs as they consider investing in the country’s mining sector. Speaking at the Mines and Money Conference in London, Mr Alake said President Bola Tinubu has embarked on reforms to boost investment by streamlining procedures and reducing hurdles to attract foreign investors. “The country’s geological bounty encompasses over 44 distinct mineral types, found in exploitable quantities across more than 500 locations,” the Minister said, according to a statement by his aide, Mr Kehinde Bamigbetan. “Recently, recognizing the evolving global landscape and

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 Nigerian Exchange (NGX) Limited retreated by 0.44 per cent on Tuesday due to selling pressure on some bellwether equities during the session. Shares of Dangote Cement, GTCO, Zenith Bank, Access Holdings, Oando, Lafarge Africa and others experienced a pullback yesterday as a result of profit-taking activities by traders. As a result, the All-Share Index (ASI) receded by 312.76 points to 71,041.05 points from 71,353.81 points and the market capitalisation moderated by N165 billion to N38.875 trillion from N39.040 trillion. The level of activity at the market waned on the second trading session of the week, as

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 Modupe Gbadeyanka Five years ago, an independent public relations measurement and evaluation agency named P+ Measurement Services, was birthed. At inception, the company was the first in that sector in Nigeria and some observers thought the firm may not survive because it was thought that the traditional PR organisations will likely frustrate its growth. But five years after, P+ Measurement is standing tall, breaking new grounds because of its huge impact in the country and its qualitative offerings that surpass clients’ expectation. The leading agency with expertise in Media Monitoring, PR Measurement and Audit, CEO Media Performance and Advisory,

By Modupe Gbadeyanka No fewer than 93 Nigerian returnees interested in setting up small-scale businesses as well as mentorship and job placement opportunities have been trained in digital skills. The training was organised by the International Organization for Migration (IOM) in partnership with Google Nigeria. Participants were drawn from Edo State and Lagos State. The one-day training consisted of hands-on sessions on how to build participants’ online presence and improve their search campaigns, job-seeking skills online. “Today I learned how to register my business online and how to use Google ads. This will help me get more customers and it

By Investors Hub Asian stock markets closed mostly higher on Friday after strong trade data from China added to evidence of strength in the world’s second-largest economy. Data showed Chinese import growth in September exceeded expectations, while exports expanded at a slower than expected pace but remained robust. China’s Shanghai Composite Index rose 5.44 points or 0.2 percent to 3,391.54, while Hong Kong’s Hang Seng Index inched up 17.40 points or 0.1 percent to 28,476.43. Japanese stocks surged to a fresh 21-year high, boosted by optimism that Prime Minister Shinzo Abe’s ruling party will win the general elections later this

By Modupe Gbadeyanka The board of directors of Nestle Nigeria Plc has announced date for its meeting to consider the company’s financial statements for last year. The firm, in a statement issued on Tuesday, disclosed that the meeting is scheduled for Thursday, March 1, 2018. Also in the statement, Nestle Nigeria said its closed period for trading of its shares on the stock exchange will commence tomorrow. This is to prevent any of its top persons in the company, who has very sensitive information, carry out transactions at the market that may affect the stock value or take undue advantage

By Adedapo Adesanya  The Naira maintained stability at both the parallel market as well as the interbank segment of the foreign exchange (forex) market on Thursday, December 5, 2019. At the close of transactions yesterday, the local currency remained unchanged against the United States Dollar at the official exchange window of the Central Bank of Nigeria (CBN), the interbank, trading at N306.95/$1, the same rate it was exchanged the previous session. It is important to note that the interbank exchange rate is the window where federal government and its agencies use to convert the two currencies; the Naira and the

By Dipo Olowookere Ahead of the football tournament scheduled for Russia next year, Visa, the Official Payment Service Partner of FIFA, the world governing body for the game, said it was ready for the projected 500,000 visitors expected to attend the global event. To show its readiness, Visa recently released travel and spending data for the 2018 FIFA World Cup. Throughout official FIFA venues, Visa will enable a cash-free fan experience by implementing point-of-sale terminals that accept a Visa credit or debit card and a range of digital payments, such as those made via phone or watch. According to the

By Aduragbemi Omiyale The Federal Competition and Consumer Protection Commission (FCCPC) has reacted to reports alleging Wema Bank Plc of engaging in illegal banking practices. The bank was accused of opening accounts without the consent of customers and for FCCPC, this is a serious issue that must not be swept under the carpet. The agency has asked the financial institution to explain why the information of Nigerians was allegedly harvested from the Bank Verification Number (BVN) by its agents and employees to open the unauthorised accounts. According to reports, some persons discovered that their data on Wema Bank’s digital banking