Trading in C&I Leasing Stocks Resume on Stock Exchange

By Dipo Olowookere No fewer than 15 Nigerian Small and Medium-sized Businesses (SMBs) will share the N75 million set aside by a tech giant, Google, in the 2023 edition of Hustle Academy Fund. The initiative was introduced in 2022 to provide equity-free funds to small business owners to scale up their operations and support entrepreneurial growth in Nigeria. Entries for the exercise opened on Thursday, September 28 and will close on Thursday, October 12, 2023, and to be eligible, businesses must be Nigerian-founded, operating within Nigeria for 1-5 years, and have a clear and scalable business plan. They should have

By Adedapo Adesanya The prices of Brent futures and the US West Texas Intermediate (WTI) futures went down by about 1 per cent on Friday, due to macroeconomic concerns and sustained profit-taking. Data showed that Brent fell by 7 cents to $95.31 per barrel and WTI depreciated by 92 cents to $90.97. Prices rose about 30 per cent in the third quarter of the year helped by the production cuts by the Organisation of the Petroleum Exporting Countries and allies (OPEC+). This action squeezed global crude supply. Brent was about 2.2 per cent in the week and 27 per cent

By Aduragbemi Omiyale The management of BUA Cement Plc has announced a reduction in the prices of its cement from its factory without the transportation costs to N3,500 per bag (50kg). The cement maker confirmed this development in a statement issued on Sunday, noting that it was part of efforts to make sure customers get the products at cheaper prices. In the statement, BUA Cement disclosed that the slash in cement prices is from Monday, October 2, 2023, urging its distributors not to fleet the end users. The firm said, “All pending, undelivered orders which had been paid for at

By Bliss Okperan A lady who reviewed a product of Erisco Foods Limited, Nagiko Tomato Mix, Mrs Chioma Egodi, has threatened to demand the sum of N500 million from the chief executive of the company, Mr Eric Umeofia, for violating her fundamental human rights. Mrs Egodi said she purchased the product at the market with the intention of using it to cook stew for her family. However, when she tasted it, according to her, it tasted too much sugar, prompting her to post about it on Facebook. It was reported that Erisco was not happy with the negative review. She

By Dipo Olowookere Minister of Mines and Steel Development, Dr Kayode Fayemi, has described his emergence on Saturday as flag bearer of the All Progressives Congress (APC) in the July 14, 2018 governorship election in Ekiti State as victory for democracy. According to him, the victory belongs to all Ekiti people who desired a change, applauding the doggedness of his co-contestants in the governorship primary, stressing that he would be counting on their support and wisdom in the main contest, notwithstanding the acrimony that characterised the primary election. In a statement issued by his media aide, Mr Olayinka Oyebode, the

By Modupe Gbadeyanka Chairman of Union Bank of Nigeria Plc, Mr Cyril Odu, has assured shareholders that the company will make efforts to improve its performance in the 2019 business year. Mr Odu gave this assurance at the Annual General Meeting (AGM) of the financial institution held in Lagos on Tuesday. According to him, in order to improve profitability and value to shareholders, the lender will execute its 2019-2021 strategic objectives, which focus on “Sweating our Assets, Digitising our Bank, and Positioning for the Future.” The Chairman said the decline in the Non-Performing Loan (NPL) ratio of the bank to

By Adedapo Adesanya The Chairman of Skymark Energy and Power Limited, Mr Muhammad Saleh-Hassan, has called on oil marketers and other stakeholders in the energy sector to cooperate with the federal government in order to end the biting fuel scarcity in Nigeria. Speaking in Abuja, Mr Saleh-Hassan stressed that oil marketers have a major role to play in ending recurring fuel scarcity in the country, noting that the energy crisis appeared to have defied the government’s efforts and urged his colleagues to be patriotic by shunning sharp practices and putting the people’s interests above high profit-making targets. ”In this circumstance

It is no secret that a high-quality, classy leather jacket is one of the most crucial wardrobe staples for both men and women. And, this is the reason why buying a good leather jacket is considered to be a long-term investment. Besides this, a high-quality leather jacket is not only long-lasting but serves as the perfect clothing item for different types of events, may it be a professional meeting or a late-night party. However, with so many options available in the market, getting your hands on the perfect leather jacket can be a tricky feat, especially if you’re buying it

By Modupe Gbadeyanka The Sub-Saharan African online marketplace is about to be disrupted by a Singapore-based fintech firm, Kiwi Pay Group with its planned entry into the ecosystem. Already, the company has sealed a strategic partnership with one of the biggest transport and logistics businesses in Africa, Bolloré Logistics, which is based in Cameroon. Kiwi Pay Group intends to penetrate the market through Bolloré Logistics, which boasts of more than 5,000 employees on the continent. Business Post learned that on November 4, 2021, Kiwi Pay Group, Bolloré Logistics and the Customs Bureau of Cameroon signed a strategic agreement in Douala.

By Aduragbemi Omiyale The fifth season of NdaniTV’s Real Talk, a foremost talk show in Nigeria, will be hosted by popular Nigerian actress and singer, Bisola Aiyeola. The show makes a return on Thursday, January 20, 2022, according to a statement from the show organisers, with more interesting issues that will keep viewers glued to their screens. According to the teaser video released by the production company, viewers of the addictive programme are in for an exciting season. Real Talk first launched on the NdaniTV YouTube channel in 2016 and has had a number of popular hosts including Nicole Asinugo

By Modupe Gbadeyanka A chieftain of the ruling All Progressives Congress (APC), Mr Eze Chukwuemeka Eze, has asked critics to leave Minister of Transport, Mr Rotimi Amaechi, and the Rivers State chapter of the political party out of the crisis facing the suspended national chairman of the party, Mr Adams Oshiomhole. In a statement, the erstwhile National Publicity Secretary of the defunct New Peoples Democratic Party (nPDP) described the crisis facing the former Governor of Edo State as “self-inflicting woes,” stressing that Mr Amaechi should not be dragged into it. He expressed satisfaction over the court’s validation and elongation of

By Adedapo Adesanya Determined to mitigate losses associated with fire disasters concerning micro-businesses, Universal Insurance Plc has launched Shop Insurance Retail Product, tailored for shop owners in the country. The underwriter is carrying out this cover in conjunction with T.A. Braithwaite Insurance Brokers. The relationship, according to the company, is aimed at opening more avenues for the sale of its Fire and Special Perils Products. The insurer said developing the product became necessary considering the fact that most shop owners do not embrace insurance and need to protect their goods and properties against fire and special perils in the country.