Why Investors Should Quickly Buy These Stocks

By Modupe Gbadeyanka The chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, has asked his counterpart in the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, to support his agency to achieve the Renewed Hope Agenda of President Bola Tinubu, who appointed both of them. Speaking during a courtesy visit to the headquarters of the anti-money laundering firm, Mr Adedeji said the EFCC has a role in ensuring that taxpayers’ funds are “judiciously utilised in line with the social contract with the people.” He assured that the FIRS would continue to strive to raise the revenue

By Dipo Olowookere Local equities rebounded by 0.34 per cent on Wednesday on the back of buying pressure on a few energy stocks and others at the Nigerian Exchange (NGX) Limited. According to data from the bourse, the bullish stance was attained despite profit-taking activities in the banking space amid plans by the Central Bank of Nigeria (CBN) to recapitalise the industry, leaving the market breadth index negative. This was because the number of price losers was more than the price gainers at 39 and 19 apiece, indicating a weak investor sentiment. Business Post reports that the energy counter grew

By Modupe Gbadeyanka Business owners in Lagos have been assured of more incentives by the state governor, Mr Babajide Sanwo-Olu, who added that this is part of his administration’s commitment to reforms aimed at improving the ease of doing business and enhancing investment opportunities. Speaking at the commissioning of the newly-built wet hair production factory of Godrej Nigeria Limited, the Governor said his government would continue to pursue actions that would eliminate red tapes and regulatory impediments hindering the growth of businesses in the state, thereby demonstrating his willingness for continued collaboration with the private sector to improve the livelihood

In furtherance of my sacred duties and obligations as President of the Federal Republic of Nigeria, it is my honour to be here today to present my administration’s 2024 Budget Proposal to this Joint Session of the 10th National Assembly. This moment is especially profound and significant to me because it is my first annual budgetary presentation to the National Assembly. Distinguished Senators and Honourable Members of the National Assembly, I commend your swift consideration and passage of the 2023 Supplementary Appropriation Bills and the 2024-2026 Medium Term Expenditure Framework and Fiscal Strategy Paper. Your prompt action underscores your devotion

By Dipo Olowookere Liberian Ministry of Transport with assistance of the European Union and the GIZ will be holding a city activity dubbed ‘Safe Streets Festival’ on Saturday, November 25, 2017 in Central Monrovia. The event is inspired by the European Mobility Week and takes place under the motto ‘Road Safety Strengthens Economy.’ Annually, Liberia loses 3-5 percent of its GDP due to insufficient road safety and related traffic deaths and injuries. The one-day event is aimed at promoting mobility and road safety in the transport sector of Liberia. The fun-packed programme will include a 5km run and family walk,

By Adedapo Adesanya A data recently released by the National Bureau of Statistics (NBS) revealed that foreign investment inflow into the Nigerian oil and gas industry dropped 51 percent within three months. The stats office said in its report that investments from non-resident investors in the first quarter of 2020 went down to $10.1 million from $20.6 million recorded in the fourth quarter of 2019. In the report titled National Capital Importation Report for the Q1 2020, the statistical body also stated that foreign investment inflow into the oil and gas sector in the first quarter of 2020 accounted for

By Dipo Olowookere Sage, the market and technology leader for cloud accounting, people & payroll, and payment systems, has announced signing a partnership agreement with the Association of Chartered Certified Accountants (ACCA) in Nigeria. This partnership will see the organisations work together to provide training and skills development opportunities to finance and accounting professionals. They will also promote each other’s brands to – and share information with – their respective communities. Regional Director for Sage in West Africa, Mr Magnus Nmonwu, stated that, “We are delighted to cooperate with ACCA to develop skills in the finance and accounting arena –

By Dipo Olowookere A survey released by a media intelligence and audit agency, P+ Measurement Services, in partnership with MediaTrak, has revealed that in the month of June 2019, some banks in Nigeria spent the sum of N427.8 million on advertisements on various local and foreign media platforms. In the infographics made available to Business Post on Thursday, the two organisations said this amount was N35.7 million lesser than what was expended in the previous month, May 2019. According to the survey, 21 commercial banks in the country placed a total of 5,887 adverts on television, radio and print media

By Modupe Gbadeyanka No fewer than 10,000 jobs are expected to be generated from the proposed restoration and upgrade of the iconic National Theatre in Iganmu, Lagos. The Minister of Information and Culture, Mr Lai Mohammed, made this disclosure on Sunday during the handing over of the facility to the Central Bank of Nigeria (CBN) and the Bankers’ Committee. Business Post gathered that the transformation of the edifice and the adjoining 134-hectare fallow land at a value of N25 billion will last 18 months and would be done in two phases. The first phase include the upgrade of the theatres

By Jerome-Mario Utomi ‘The easy accessibility individuals have to publish ideas on the Internet has led to the emergence of a new meritocracy of ideas that is similar in some ways to the public forum that existed during the time of America’s founding. It has several structural characteristics that make it particularly useful and powerful as a tool for reinvigorating representative democracy,’ AL-Gore, former Vice President in the United States, once said. If there is a single factor/occurrence that has redefined information management and promoted citizen Journalism across the globe, it is the dawn of Internet/social media. As citizens participate

By Adedapo Adesanya An explosion at an oil flow station in the oil-producing community of Izombe in Oguta Local Government Area of Imo State has claimed the lives of two persons, according to Channels Television. It was gathered that the explosion occurred in the early hours of Wednesday at the facility operated by Addax Petroleum Development Nigeria Limited. Mr Micheal Abattam, the Police Public Relations Officer in Imo, confirming the incident, explained that the Commissioner of Police in Imo immediately drafted the command’s anti-bomb unit, as well as some operatives of the command to the area to prevent any breakdown