Upbeat Earnings News May Strengthen Wall Street

By Aduragbemi Omiyale President Bola Tinubu has said the 2024 budget presented to the joint session of the National Assembly on Wednesday was designed to achieve macroeconomic stability, a better investment environment, greater access to social security, poverty reduction and enhanced human capital development. According to him, if these goals are achieved, the standard of living of Nigerians will improve and the citizens will enjoy the dividends of democracy. While presenting the 2024 Appropriation Bills to the parliament yesterday, the President said this was why he christened the budget proposal as the Budget of Renewed Hope. Mr Tinubu told the

By Adedapo Adesanya Nigeria will accept and work with a production quota of 1.5 million barrels of crude oil per day in 2024 as the country aims to grow on the back of its oil resources, following a revision done by the Organisation of the Petroleum Exporting Countries and its allies, OPEC+. According to a statement issued by the Press and Public Relations unit of the Ministry of Petroleum Resources, Thursday’s meeting of the 23-man group addressed crucial aspects, including the completion of assessments by independent sources (IHS, Wood Mackenzie, and Rystad Energy) on the projected production levels for Angola,

By Adedapo Adesanya The House of Representatives has pledged to stop international oil companies (IOCs) operating in the Niger Delta from divestment of their offshore assets without being accountable to the environment. The Chairman of the House of Reps Committee on Host Communities, Mr Dumnamene Dekor, said this during a technical session on the implementation of the Host Communities Development Trusts (HCDT), organised by Spaces for Change (S4C) with support from Ford Foundation. Mr Dekor raised the alarm that since the passage of the Petroleum Industry Act in 2021, host communities have not experienced any positive change, rather have remained

By Dipo Olowookere The government of Japan has donated about $3 million to support UNICEF’s continuing emergency response to the prolonged drought in Somalia. The funding support, an Emergency Grant Aid, will assist the UN body’s ongoing lifesaving work for women and children hit by the devastating drought in Somalia and will also fund essential health, sanitation and hygiene and nutrition services for some of the worst affected communities.  No fewer than 175,000 people will benefit from the kind gesture for more than six months in Somalia and will allow UNICEF to sustain and upscale its emergency sanitation and hygiene

By Dipo Olowookere Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Maikanti Baru, on Sunday, said the official landing cost of petrol is now N171.40k per litre. Mr Baru made this disclosure while addressing newsmen at a media briefing and follow-up tour of some fuel stations in Abuja. However, the NNPC boss said the official government approved pump price of N145 per litre remains intact. During the briefing, the GMD empathised with Nigerians over the lingering challenge in accessing petroleum products across the country just as he said multiple measures have been put in place to end

By Modupe Gbadeyanka The treasury bills market was relatively quiet on Monday as investors look ahead for a fruitful trading week. At the close of transactions, the average yields slightly went up 0.15 percent to settle at 11.97 percent. Business Post reports that the market players are anticipating the inflows of N452 billion on Thursday from OMO T-bills maturing on that day. Meanwhile, the money market rates marginally increased yesterday, but still remaining in single digit. While the Open Buy Back (OBB) rate rose to 7.92 percent from 4.33 percent, the Overnight (OVN) rate jumped to 8.50 percent from 5.33

By Adedapo Adesanya The exchange rate of the Naira to the US Dollar was in favour of the latter on Monday at the Investors and Exporters (I&E) window of the foreign exchange (forex) market amid a rise in demand for FX during the trading session. According to data obtained by Business Post from FMDQ Securities Exchange, the value of forex transactions in the official FX market in Nigeria stood at $132.77 million, 37.1 per cent or $35.96 million higher than the $96.81 million recorded in the preceding session. Its inability to soak this significant FX demand pressure weakened the local

A group in the All Progressives Congress (APC) in Kogi State known as APC Mandate Defenders, has urged the National Working Committee (NWC) of the ruling party not to succumb to requests of some party faithful to change its decision to use indirect primary to select its candidate for the November 2019 governorship election in the state. In a statement signed by its Deputy National Publicity Secretary, Mr Ali Mohammed, the group said those against decision of the NWC were insignificant. The leadership of the APC under Mr Adams Oshiomhole had announced the adoption of indirect primary for the August

By Dipo Olowookere For a long time, there had been debates over the better way to drive a vehicle; either with shoes on or barefoot. But the Federal Road Safety Corps (FRSC) seems to have made a clarification on this and has now put the matter to rest. The agency said via its official Facebook page on Thursday, September 15, 2016, that experts have advised people to drive barefoot because it was safer that way than putting on high heels, which could slip off the pedals. However, FRSC concluded that if one has to drive with the shoes on, then

By Dipo Olowookere Airports around the world are now placing a higher priority on IT investments for passenger and airport security with 50 percent rating it a high priority, up from 37 percent last year. This is according to the 2016 Airport IT Trends Survey, the extensive annual study of IT trends within the global airport industry co-sponsored by SITA and Airports Council International (ACI), in association with Airline Business. For many airports, the investment focus has shifted to security in the wake of heightened regional tensions, some of which directly target air travel. While investment in passenger processing technology

By Rahul Baitha In today’s digital age, where instant gratification is the norm, website performance plays a critical role in delivering a positive user experience. Visitors expect websites to load quickly and respond seamlessly to their interactions. If your website lags or stumbles, you risk losing valuable traffic and potential customers. As a web designer or business owner, optimizing your website’s performance should be a top priority. In this comprehensive guide, we’ll explore essential tips and techniques to boost your website’s speed and efficiency. Understanding Website Performance Before diving into optimization strategies, it’s essential to grasp the fundamentals of website