VikingGenetics, Arla Partner to Increase Cows’ Milk Yield in Nigeria

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 Adedapo Adesanya The Federation Account Allocation Committee (FAAC) has shared a total of N1.1 trillion from the revenue generated by the nation in August 2023 for September to enable the three tiers of government; the federal government, states, and local government councils, to have funds to pay salaries and others. The allocation of the funds was confirmed by the Office of the Accountant General of the Federation on Friday following FAAC’s September 2023 meeting. According to a statement by the OAGF’s Director of Press and Public Relations, Mr Bawa Mokwa, there was “N1100.101 billion (N1.1 trillion) total distributable revenue.”

Traders Union (TU) experts know that every investor has their own special way of investing that sets them apart from the rest. A famous investor, Carl Icahn, is one of those exceptional figures who did things differently and achieved a lot. Understanding what he did and how he did it can be really helpful for new traders. It’s like having a practical guide that can turn a beginner into a pro trader quickly. Discover Carl Icahn trading strategy by reading on. Biography of Carl Icahn Born on February 16, 1936, in Far Rockaway, Queens, New York, Carl Icahn grew up

By Adedapo Adesanya Securities worth N48.1 million were traded at the NASD Over-the-Counter (OTC) Securities Exchange last week (Week 33). This indicated a 106.6 per cent increase in the total value of stocks transacted by investors at the unlisted securities market during the week compared to N23.3 million recorded at the previous week. This happened as the OTC bourse printed a 1.05 per cent weekly rise following the addition of 7.39 points to the NASD Unlisted Securities Index (NSI), which ended at 713.46 points as against 706.07 points it finished a week earlier. Equally, it boosted the market capitalisation by

By Adedapo Adesanya The oil market retreated on Thursday, as traders took profits after prices soared recently while the space worried that high interest rates may weigh on demand. During the trading session, Brent futures fell by $1.17 or 1.2 per cent to settle at $95.38 a barrel and the US West Texas Intermediate crude (WTI) declined by $1.97 or 2.1 per cent to close at $91.71 per barrel. The market had reached a 10-month high as some traders worried high oil prices would stoke inflation, encouraging the US Federal Reserve and other central banks to persist with rate hikes.

By Adedapo Adesanya Top leading video streaming platform, YouTube, has announced that artistes and creators from Nigeria can apply for the $100 million Black Voices Fund. This was announced today by Mr Alex Okosi, Managing Director, Emerging Markets, YouTube EMEA, in a statement, adding that the global fund would over the next three years offer support to Black artistes and creators. He said the fund would enable beneficiaries to thrive on YouTube. The managing director said that Black Voices Fund would invest with the intention to present fresh narratives that emphasise the intellectual power, authenticity, dignity and joy of Black

By Adedapo Adesanya The Naira appreciated by 14 kobo or 0.04 percent at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Wednesday, June 10. The domestic currency, which was previously sold at N387.08/$1 at the market window, was traded yesterday at N386.94/$1. The strengthening of the Nigerian currency happened despite the pressure on it yesterday as a result of an increased demand for forex from customers. During the midweek trading session, transactions valued at $62.28 million were recorded at the investors’ segment compared with the $31.81 million achieved on Tuesday, indicating a 96 percent or

By Modupe Gbadeyanka The Chairman of Nigeria in Diaspora Commission (NiDCOM), Mrs Abike Dabiri-Erewa, has disclosed that the Lagos Island Business Fair (LIBIZFAIR) will improve business opportunities in the state and also attract more investments. The former federal lawmaker said this at the opening ceremony of the fair organised by the Lagos Island Connect, in conjunction with the Lagos State Ministry of Commerce, Industry and Cooperatives. At the programme held at the Tafawa Balewa Square (TBS), Onikan, Lagos, Mrs Dabiri-Erewa, represented by the Head of the Lagos Annex of the agency, Mr Oladipo Odebowale, commended the state government for the

By Modupe Gbadeyanka Leading pan-African financial and investment service group, United Capital Plc, has attributed the drop in the revenue generated in the 2019 fiscal year to the challenging operating environment in the period under review. CEO of the firm, Mr Peter Ashade, while commenting on the results of the company for the year ended December 31, 2019, the decline in the interest rate last year mainly caused the lower revenue generated from the company’s investment income, which comprises income from fixed deposits and investment securities. However, he said efforts would be made in the 2020 fiscal year to make

By Ahmed Rahma In order to strengthen trade with the African continent and discuss partnership opportunities to build demand for United States soy, the US Soybean Export Council (USSEC), the American Soybean Association’s World Initiative for Soy in Human Health (ASA/WISHH) and the US Grains Council (USGC) co-hosted the African Trade Exchange. The two-day virtual conference took place on November 9 and 10, showcasing globally renowned and highly regarded speakers on the international grain trade, the future of the African feed industry and long-term commercial trade development. In general, nearly 300 US Soy customers and soy industry representatives from more

By Adedapo Adesanya Oil prices soared on Thursday as fears of a Russia-Ukraine conflict that could disrupt energy supply to Europe, resulting in the Brent crude rising by 38 cents or 0.43 per cent to $89.70 per barrel. Also, the price of the United States West Texas Intermediate (WTI) crude appreciated during the session by 46 cents or 0.50 per cent to sell at $87.04 per barrel. The tension between Russia and the West over Ukraine lent the heaviest support as the standoff continues to fester, maintaining a fear premium in the oil complex over a potential disruption of Russian