NSE Uses StockTown Comic Book to Promote Financial Literacy

By Aduragbemi Omiyale The sum of N75 million has been disbursed to 15 small and medium-sized businesses (SMBs) in Nigeria to support their expansion drive. The funding package was given by Google’s Hustle Academy, with beneficiaries drawn from various industries, including agriculture, and fashion, among others. The 15 Nigerian small business owners were among the 5,300 entrepreneurs who graduated from the academy, designed by the tech giant to provide an avenue for participants to enhance their business skills and knowledge, and contribute to the growth of the continent’s economy. The recipients of the funding support are Ifeoma Augusta Anselem of

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 Adedapo Adesanya  The federal government, through the Nigerian Ports Authority (NPA), has announced plans to invest $1.1 billion to fully rehabilitate decaying port infrastructure at TinCan, Apapa, Rivers, Delta, Calabar, and Onne ports as part of efforts to improve the efficiency of the nation’s existing ports. Out of the estimated 47,000 kilometres of coastline in Africa, Nigeria makes up about 853 kilometres, creating the perfect opportunity to get access to its much-needed revenue. This coastline and a 200 nautical mile exclusive economic zone make up Nigeria’s coastline in the Gulf of Guinea. The coastline equals a maritime area of

The management and staff of Business Post Nigeria (BPN) would like to wish our numerous readers and esteemed advertisers and partners a Merry Christmas. Thanks for being part of our family and support since inception in August 2016. You have been and will remain a vital part of our news organisation and we promise never to take you for granted. Please continue to stay with us as we continue to serve you better. Thank you. Dipo Olowookere Assistant Editor Business Post Nigeria www.businesspost.ng

By Adedapo Adesanya Oil settled lower on Thursday for the third consecutive day on the prospect of a large rate hike in the United States later this month. Brent depreciated by 47 cents or 0.5 per cent to $99.10 a barrel while the US West Texas Intermediate (WTI) crude lost 52 cents or 0.5 per cent to close at $95.78 a barrel. The pressure on the oil market was previously building after a higher-than-expected US inflation data for June and crude inventories build both reported on Wednesday, weighed on market sentiment and prices on Thursday. In the world’s largest oil

By Adedapo Adesanya The Lagos State Government has said it has commenced the publication of details of sex offenders in the state. This was disclosed by the Executive Secretary of the Lagos State Domestic and Sexual Violence Agency (DSVA), Mrs Titilola Vivour Adeniyi, on Thursday during a press conference at the agency’s office. According to the Executive Secretary, the publication will include the name and picture of the sex offender, the nature of the offence as well as the duration of the sentence handed down by the court. Mrs Vivour Adeniyi noted that this was in line with the provisions

By Dipo Olowookere The fear of being thrown into the already filled labour market in Nigeria is giving employees of InterContinental Hotel in Lagos a lot to worry about. This is because owners of the business, InterContinental Hotels Group, have threatened to pull out of Nigeria by Thursday, January 18, 2018. The firm said it was not happy with Messrs Kunle Ogunba, who was appointed the receiver/manager by Skye Bank, following an interim court order. This displeasure was made known in a notice of termination of the agreement dated January 3, 2018. “We had, on various occasions, engaged the receiver/manager

**Says N1.5trn Spent on Power in Two Years By Adedapo Adesanya Nigeria has spent over N1.5 trillion in the last two years in its bid to revamp and strengthen the power sector in the country, Vice President, Mr Yemi Osinbajo, has disclosed. Mr Osinbajo, who spoke through the Minister of State for Power, Mr Saleh Mamman, at the premises of Kainji Hydro power plant in Niger State, said the President Muhammadu Buhari-led administration was commitment to alleviating the electricity problems faced by Nigerians. According to him, government is putting in place policy reforms that will guarantee access to affordable electricity for

By Adedapo Adesanya The Nigerian Electricity Regulatory Commission (NERC) has disclosed that almost 60 percent of electricity users in the country are still on estimated billing. The commission made this known in the third quarter of 2019 report released recently where it was stated that 5.8 million Nigerians, which represented 59.7 percent of registered consumers, were still getting billed by estimates. The report further disclosed that only Abuja and Benin distribution companies had metered more than 50 percent of their registered electricity customers as at the end of September 2019. “The metering gap for end-use customers is still a key

By Ahmed Rahma The Governor of Kogi State, Mr Yahaya Bello, has been honoured with the award of The Most Gender-Sensitive Governor in Nigeria” by a non-governmental organisation, National Council of Women Societies (NCWS). The organisation, which in collaboration with Global Gold Consult organised the award programme, declared that Mr Bello’s nomination was in recognition of the purposeful and conscious effort of his government to place women in sensitive positions in the governance structure of the state. The women also made it known that there are over 70 women in positions of authority in his administration. According to the organisers,

By Adedapo Adesanya Nigeria, among other oil-producing nations, still faces a tighter oil revenue as the Organization of the Petroleum Exporting Countries (OPEC) October Month Oil Market Report (MOMR) revised demand lower by 80,000 barrels a day in 2021. OPEC forecast growth of 6.5 million barrels a day, with the cut largely reflecting a lower growth outlook for both developed and emerging market regions compared to the September forecast. World oil demand has been affected by the biting effect of the coronavirus pandemic, resulting in a market glut and an eventual crash in oil prices. Despite assurances that the worst