Stock Recommendation for this Week (February 26)

By Adedapo Adesanya  The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has vowed to down tools and shut down all oil field locations if demands following the acquisition of Nigerian Agip Oil Company (NAOC) are not met. Business Post had reported in September that Oando Plc had acquired a 100 per cent stake in the Nigerian subsidiary of Italian giant, Eni. However, the deal allegedly happened without management addressing the welfare and benefits of the workers and without due process. The development has led to several protests by members of PENGASSAN since the beginning of September 2023.

By Aduragbemi Omiyale The Vice President, Mr Kashim Shettima, has said Nigeria is in dire need of foreign direct investment (FDI) more than ever before, tasking domestic and foreign investors to make Nigeria their investment hub because efforts are being made to formulate business-friendly policies. Mr Shettima, while speaking when he hosted the management of First Surat Group, as well as top management of MTN Nigeria at the presidential villa in Abuja, charged MTN Nigeria to facilitate and spearhead digital mobile money and digital education. He assured that President Bola Tinubu was willing to partner with various stakeholders in the

Traders Union (TU) recently took an interest in ChatGPT, a chatbot by OpenAI. Think of ChatGPT as a super-smart robot friend who loves to chat about almost anything! It’s famous for giving detailed answers to loads of questions. But, like every friend, it might get things wrong sometimes. There’s a free version everyone can chat with, and a fancier version called ChatGPT Plus for those who want more. Some even call it the “ChatGPT trading bot” because of its extensive knowledge about trading. ChatGPT’s trading capabilities Without a doubt, ChatGPT has carved a niche for itself in the automated trading

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Thursday, May 24, after the market capitalisation remained at N1.001 trillion and the NASD unlisted securities index (NSI) intact at 723.26 points at the close of transactions. Business Post reports that this happened as trading data showed a reduction in the volume, value, and number of deals. Investors traded just 51,910 units of securities, in contrast to the 324,782 units of securities transacted in the preceding session, indicating a fall of 84.0 per cent. Equally, the value of shares exchanged by the market participants depreciated by 97.8 per

By Mpaka Numbere The development of sport cannot be complete without an understanding of the role of youths in the total process. This is so because the potential of sport as a vehicle for national cohesion and development cannot be over emphasized. In Plateau state, we are blessed with talented youths in the field of sport, however, these youths require a commitment from the government and other stakeholders within the sports sector to enable them develop their God-given potentials to the fullest. For the government and people of Plateau State, September 9, 2017 is a day that will be registered

About 97% of organisations are not addressing employees’ psychological stress. As global supply chains are disrupted, the International Monetary Fund (IMF) has predicted the worst Nigerian recession in 30 years. Studies suggest, that areas most topical for Nigerian businesses are liquidity and lay-offs. Board rooms up and down the country are desperately trying to figure out how long the recovery will take and the impact on their cash flow. However, a recent pcl. study indicates that the well-being of employees must also feature highly on the executive agenda. From our experience, negative impacts on employee well-being can be protracted and

By Modupe Gbadeyanka Mr Johan Antonie Doyer has been appointed as the new Managing Director of Nigerian Breweries Plc after the resignation of Mr Nicoolas Vervelde. A statement issued on Tuesday, May 9, by Mr Uaboi Agbebaku, the company’s Secretary/Legal Adviser disclosed that Mr Doyer’s appointment takes effect on June 16, 2017 and is on an interim basis pending the appointment of a substantive managing director/CEO of the company. Last week, Mr Vervelde resigned his appointment, which takes effect on June 16, 2017, to take up another role at Heineken. Business Post gathered that Mr Doyer joined Heineken Netherlands in

By Adedapo Adesanya MTN Nigerian Communications Plc has announced that its fintech subsidiary, MoMo PSB Limited, has formally commenced commercial operations in the country. In a notice on Thursday at the Nigerian Exchange, MTN said the development followed a successful pilot initiated on May 16, 2022, in commemoration of the launch of its GSM operations on May 16, 2001, and listing by introduction on the Nigerian Exchange Limited on May 16, 2019. “Indeed, this is a key milestone in delivering the company’s Ambition 2025 strategic priorities,” the notice said. The company said with an expansive agent network of over 166,000

By Adedapo Adesanya As the yuletide season kicks off, top telecommunication service provider, Airtel Nigeria, has set in motion its annual Christmas feeding programme dubbed ‘Airtel Five Days of Love’ that will see residents of Lagos, Ogun, Anambra, Nasarawa, and Borno states be treated to meals. On Monday, December 9, 2019, the programme kicked off in Lagos at the Oshodi Local Government Secretariat. The initiative, which is into its 5th year, was designed to identify with less privileged persons as well as support the downtrodden in communities where Airtel operates. At the Lagos programme, about 2,000 persons including children, women,

By Aroms Aigbehi Spain produces 850 000 mT of raw tomatoes yearly; that is 12 percent of total European production. That is a lot of tomatoes because the Europeans eat lots of tomatoes. Lots of Nigerians work in the tomato farms in Spain. There are so many tomatoes in Spain that once a year, Spaniards come together to have a very big tomato fight on the streets. They come with truckloads of tomatoes and people fight each other with it all day. It is a tradition and nobody gets hurt. But when you go to Spain, just make sure you

By Dipo Olowookere Not less than 48 Computer-Based Test (CBT) centres across the country have been blacklisted by the Joint Admissions and Matriculation Board (JAMB) for organised examination malpractices during the 2017 Unified Tertiary Matriculation Examination (UTME) held last month. Registrar of JAMB, Prof Is-haq Oloyede, told journalists at a press briefing on Wednesday in Abuja that the 48 centres were also involved in extortion. He said the affected centres would not be able to partake in any examination organised by JAMB. “The delisting of 48 centres from participating in the board’s examination in future is as a result of