Sugarmade Partners Wagner Bartosch on Frozen Yogurt

By Dipo Olowookere The trio of Universal Insurance, Oando and UBA were the busiest stocks on the floor of the Nigerian Exchange (NGX) Limited last week, trading 2.212 billion units valued at N8.907 billion in 7,593 deals, contributing 56.56 per cent and 29.32 per cent to the total trading volume and value, respectively. In the week, investors transacted 3.911 billion shares worth N30.379 billion in 38,536 deals versus the 2.933 billion shares worth N47.449 billion exchanged in 44,654 deals in the preceding week. Financial stocks dominated with 2.774 billion units valued at N15.241 billion in 16,379 deals, contributing 70.92 per

By Adedapo Adesanya Nigeria has repaid a total of $12.56 billion in external debt as of 2022, data from Intelpoint showed. According to the latest debt figures, Nigeria’s total public debt rose by 75.3 per cent to N87.38 trillion at the end of the second quarter of 2023 against N49.85 trillion recorded in the first quarter of the year. The rise came as the country securitised the N22.71 trillion Ways and Means Advances of the Central Bank of Nigeria (CBN) to the federal government. The overdraft is a loan facility through which the CBN finances the shortfalls in the government’s

By Adedapo Adesanya A 0.54 per cent growth was recorded by the NASD Over-the-Counter (OTC) Securities Exchange on Monday, September 25, after the duo of FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing System (CSCS) Plc witnessed improvements in the share prices. The milk producer gained N1.39 during the session to end at N73.59 per unit compared with last Friday’s value of N72.20 per unit, while the Nigerian depository company grew by 70 Kobo to sell at N18.20 per share versus N17.50 per share. At the close of transactions, the total value of the unlisted securities market jumped by N6.21

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed in the green territory after it chalked up by 0.37 per cent on Friday, September 22, as three securities finished on the price gainers’ chart and one stock closed in the price losers’ table. This raised the market capitalisation of the OTC Exchange by N4.24 billion to N1.143 trillion from the previous day’s N1.139 trillion, as the NASD Unlisted Securities Index (NSI) increased during the session by 3.00 points to finish at 808.95 points compared with Thursday’s 805.95 points. At the close of transactions, investors traded a total of 10.7

By Omoshola Deji Osun is topping the headlines as the governorship race hits the top gear. The ruling party is striving to retain power, while the opposition is struggling to regain it. The state has been electrified with political campaigns, unfulfillable electoral promises, freebies and rallies. The masses our politicians usually regard as unimportant has abruptly become the most important. The helmsmen and statesmen Osun people rarely see are now knocking on their doors daily to plead for votes. Davido is singing, but the terpsichorean Senator Adeleke is no longer dancing. Unpaid workers are suddenly being paid. Every candidate is

By Adedapo Adesanya The Nigerian National Petroleum Corporation (NNPC) has announced the successful completion of the NNPC 2019/2020 Recruitment Exercise for Graduate Trainees (GT). In a statement signed by the corporation’s management and released on Friday, the national oil company also disclosed that it has commenced the issuance of the provisional offers of employment to 1,050 GT candidates. According to the statement, “In delivering this important assignment, we have ensured that the outcome reflected national spread and all that statutory requirement are complied with.” It was also revealed that the corporation’s recruitment exercise will be a continuous process, adding that

By Adedapo Adesanya The Central Bank of Nigeria (CBN) on Thursday threatened to sanction commercial banks dispensing the old naira notes to customers. The CBN announced on October 26, 2022, its decision to redesign the N200, N500, and N1,000 notes and set January 31, 2023, as the deadline for the old notes to serve as legal tender. With less than two weeks to the deadline and several Nigerians complaining about the unavailability of the new notes, the Abeokuta branch controller of the apex bank, Mr Lanre Wahab, said the CBN will not hesitate to sanction banks still dispensing the old

By Modupe Gbadeyanka Chief Executive Officer of Access Bank, Mr Herbert Wigwe, has revealed that the lender has booked a N4 billion impairment on its loan to Etisalat Nigeria, which recently changed its name to 9mobile after its main investor pulled out of the business. Speaking during an analysts’ call yesterday, Mr Wigwe said Access Bank hopes to recover the debt once 9mobile was sold to new investors, which will likely happen before the end of December 2017. According to him, the financial institution had a direct exposure of N11 billion to 9mobile, as well as an exposure of N35-N39

By Modupe Gbadeyanka The second edition of the GTBank Food & Drink Fair has been scheduled to hold on Sunday, April 30, and Monday, May 1, 2017, in Lagos. At the 2-day event, food lovers from across the world would be treated to unparalleled culinary experience from a wide variety of exciting cuisines and delicacies while offering small businesses in the Nigerian food industry a free and vibrant platform to connect with a wider segment of their target markets as well as experts in their business fields. The GTBank Food and Drink Fair was created by foremost GTBank as part

By Adedapo Adesanya The NASD Over-the-Counter (OTC) opened the new week in the positive zone with a 0.06 per cent lift on the back of the bullish price movement in FrieslandCampina WAMCO Plc on Monday, July 5. The milk producer closed the session at N119.24 per unit after it gained 34 kobo or 0.3 per cent. At the preceding session, it ended at N118.90 per unit. The appreciation in the stock price of this security expanded the total value of stocks on the exchange by N310 million to N536.09 billion from N535.78 billion. It also boosted the NASD Unlisted Security

By Adedapo Adesanya The Naira depreciated against the United States Dollar at the Peer-to-Peer (P2P) window of the foreign exchange market on Thursday by 0.32 per cent or N2 to sell for N694/$1 in contrast to the preceding day’s rate of N692/$1. However, it closed flat against the greenback in the Investors and Exporters (I&E) segment of the FX market at N429.38/$1 amid a slump in the value of transactions at the ecosystem. According to data from the FMDQ Securities Exchange, forex transactions worth $63.30 million were carried out during the session compared with the $120.46 million reported a day

By Dipo Olowookere A new lease of life has been injected into Ebute Metta Health Centre, Lagos, following the renovation of the female and children’s wards by Stanbic IBTC Holdings Plc as part of its corporate social investment objectives. The facility was commissioned on Monday, February 6, 2017. The hospital, which was commissioned in 1964 and later upgraded to a comprehensive health centre, has become a major medical tourism centre in Lagos mainland handling an estimated two million patients yearly. The upsurge in the demand has consequently over-stretched the facilities and resources, prompting the need for a comprehensive facelift. The