Stepn (GMT) Continues to Surge, Mushe’s (XMU) Prospects Shine Even Brighter

By Dipo Olowookere The board of Capital Hotels Plc has announced the creation of an escrow account for the payment of about N1.6 billion to minority shareholders of the company. The hospitality firm is leaving the Nigerian Exchange (NGX) Limited after years on the nation’s main stock exchange. In a notice signed by Alex Ugwuanyi, the organisation said the account was created with CardinalStone Registrars Limited and has been sufficiently funded for payment “to shareholders” who “have accepted to exit” the firm by selling their holdings. Recall that in March 2023, shareholders of Capital Hotels approved the request of the

By Adedapo Adesanya The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, has cleared the air regarding recent reports on the transfer of funds to the Joint Tax Board (JTB) by the Federal Inland Revenue Service (FIRS) under the erstwhile chairman, Mr Muhammad Nami, for the tax reform committee. In a statement on Friday, he revealed that N5 billion was paid to the board to fund activities of the team set up by President Bola Tinubu, noting that “The committee’s budget includes provisions for a national Data for Tax project which the JTB had been

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 Adedapo Adesanya The value of the NASD Over-the-Counter (OTC) Securities Exchange sharply declined by 3.86 per cent on Thursday, September 28, after the shares of VFD Group Plc were taken out of the platform. VFD Group, according to reports, is planning to trade its stocks on a larger platform, the Nigerian Exchange Limited (NGX). The delisting of the company’s equities brought down the market capitalisation of the NASD OTC exchange by N44 billion to settle at N1.102 trillion compared with the N1.146 trillion it finished on Tuesday, the last trading session. The market was closed on Wednesday as a

The new European football season commenced on ESPN last weekend with the English Football League and Scottish Premiership live action. It promises to be nonstop live action this August. ESPN football action continues the evening of Friday, August 11, with round 1 of the German DFB Pokal, as Eintracht Braunschweig hosts Shalke 04 live on ESPN (GOtv ch 67) at 7:45 pm. Saturday, August 12, will feature explosive football action from the English Football League and Dutch Eredivisie. Coventry City will take on Middlesbrough at 12;30 pm. PSV will start their league season at home to FC Utrecht, at 3:30

By Pedro Agosto For a country that has been at peace since the end of civil war 16 years ago and struggling to service its debts as well addressing rampant poverty, is ironic that Angola is one of the African continent’s biggest spenders on military expenditure. Adding controversy to this apparent misplaced priority is the participation of some controversial international companies in bids to strengthen the country’s navy. A storm has been swirling around the Middle East-based Privinvest, which in 2016 announced a shipbuilding and maritime economy programme with Angola, a scheme that would culminate in Privinvest providing a range

By Dipo Olowookere Popular French media company, Canal+ Group, has acquired a leading Nigerian film production firm, ROK Film Studios owned by Iroko TV. Iroko TV is owned by Mr Jason Njoku, while the ROK Film Studios is managed by his actress wife, Mrs Mary Njoku. A statement issued on Monday said Canal+ is working with ROK for the production of Nigerian movies to be used on the French platform’s dedicated channel for Nigerian contents, Nollywood TV. Canal+ runs a Nollywood TV channel, where its subscribers in French-speaking African countries watch Nigerian movies, which are very popular on the continent.

By Adedapo Adesanya The Nigerian National Petroleum Corporation (NNPC) will no longer hold the exclusive status as Nigeria’s sole importer of petroleum, following permission granted to private oil marketers to import the commodity. According to reports, the Petroleum Products Pricing Regulatory Agency (PPPRA) on Tuesday in Abuja said that permits had been given to several marketers to start importing petrol alongside the state-owned oil company. This is in line with the decentralisation of the downstream oil sector in March. Before now, the NNPC used to be the sole importer of petrol. The General Manager, Corporate Services, PPPRA, Mr Kimchi Apollo,

By Dipo Olowookere The manufacturing sector in Nigeria recorded a further growth in the month of December 2017, the Central Bank of Nigeria (CBN) has revealed. According to the apex bank’s Purchasing Managers’ Index (PMI) for December 2017, the sector’s index expanded to 59.3 index points in the period under review from 55.9 index points recorded in the month of November 2017. This, the central bank said, indicated expansion in the manufacturing sector for the ninth consecutive months. The report said 15 of the 16 subsectors reported growth in the review month in the following order petroleum & coal products;

When talking about fitness routines, you may credit your weight loss and muscle development to the gym. However, the gym is only a single factor and the things you do before and after also matters. If you know exactly what you need to do before heading into the gym and after you get home, you can tweak your routines with the help of a personal training booking software to get the maximum effects and progress. Experts say that the exercises are the easy part. You may lift some weights, run, jog, walk, or bench press for an hour, and this

By Dipo Olowookere Passengers seeking to travel to Europe, especially Germany could not hide their joy when Lufthansa resumed flight operations on Thursday, December 3, 2020, after an eight-month suspension. The respected airline again welcomed its passengers yesterday at the Lagos airport on board of its resumed nonstop flight from Frankfurt/Germany. The leading German carrier will offer up to five weekly departures from Lagos to Frankfurt and from Tuesday, December 8, 2020, it will also connect Abuja with three weekly departures. All long-haul flights depart from Nigeria in the evening as overnight flights, arriving in Lufthansa’s main hub Frankfurt in