Buhari is Lifeless–Donald Trump

By Bliss Okperan The early morning fire that gutted a part of the Supreme Court complex in Abuja has been blamed on an electrical malfunction. The Director of Information of the apex court, Mr Festus Akande, said this on Monday morning when he appeared on Arise Television’s breakfast programme, The Morning Show. According to him, preliminary investigation showed that the fire was triggered by an electrical fault, playing down rumours that the Supreme Court was attacked by arsonists. Attention is on the apex court over the outcome of the presidential election held on Saturday, February 15, 2023. The Appeal Court

By Adedapo Adesanya President Bola Tinubu has promised fresh growth and job reforms in the coming months after he removed fuel subsidies and directed the float of the Naira to unify the exchange rate. The Nigerian president made this known during his first address at the 78th United Nations General Assembly in New York, the US, after he took over the helm of office from Mr Muhammadu Buhari in May. He said, “To foster economic growth and investor confidence in Nigeria, I removed the costly and corrupt fuel subsidy while also discarding a noxious exchange rate system in my first

By Bliss Okperan A news report filtering in indicates that a part of the Supreme Court complex in Abuja has been gutted by fire. The incident, according to what Business Post gathered, happened on Monday morning. It was said that offices of three justices were affected by the inferno, whose cause is yet unknown at the time of filing this report. Details later…

By Modupe Gbadeyanka Embattled energy firm, Oando Plc, has released details of its financial statements in the first nine months of 2017. Oando has been going through a turbulent time lately with the allegations of financial misconduct and announcement of false financial statement and declaration on unrealised profit trailing the leading oil company in Nigeria. This led to the Securities and Exchange Commission (SEC) placing a technical suspension on the shares of Oando with the Johannesburg Stock Exchange (JSE) taking a similar action. On Tuesday, despite all the troubles, Oando released its earnings for the third quarter of this year,

By Investors Hub Asian stocks turned in a mixed performance on Wednesday as investors were cautious after the People’s Bank of China set the official daily midpoint reference for the yuan at a slightly weaker than expected level. The yuan eased against the U.S. dollar in offshore trading after the currency’s daily fixing. Chinese stocks extended a recent downward move amid concerns about the escalating U.S.-China trade war. The Shanghai Composite Index fell 8.88 points or 0.3 percent to 2,768.68, although Hong Kong?s Hang Seng Index inched up 20.79 points or 0.1 percent to 25,997.03. The Japanese market also extended

By Modupe Gbadeyanka Momentum on the trading floor of the Nigerian Stock Exchange (NSE) was pushed to the 14th consecutive session on Tuesday, July 25, 2017 as the All Share Index (ASI) grew 1.19 percent or 412.95 points to 35,065.47 points, crossing the 35,000 mark, and further expanding the Year-to-Date return to 32.22 percent. Today’s performance was largely driven by gains recorded by blue-chip stocks led by Nestle, Forte Oil and others, leaving the market breadth positive with 27 advancers against 18 decliners. Nestle chalked up N8 to settle at N910 per share, while Forte Oil appreciated by N5.40k to

By Dipo Olowookere Activities at the local stock market closed bullish on Tuesday, thanks to the gains posted by MTN Nigeria and 12 other stocks. The market closed 0.36 percent higher to expand the year-to-date gain to 3.84 percent. During the session, the All-Share Index (ASI) increased by 99.71 percent to 27,871.90 points from 27,772.19 points, while the market capitalisation jumped by N52 billion to N14.516 trillion from N14.464 trillion. Business Post reports that UBA was the most active stock at the market yesterday, trading 49.5 million units worth N381.7 million, while GTBank exchanged 41.4 million units valued at N1.2

By Adedapo Adesanya On Friday, the price of crude oil appreciated at the global market as information went out that peace negotiations between Russia and Ukraine have stalled. As a result, the value of the Brent rose by $1.49 or 1.40 per cent to $108.10 per barrel, while the United States West Texas Intermediate (WTI) gained $2.27 or 2.2 per cent to sell for $105.3 per barrel. Despite the increase recorded yesterday, the price of the two benchmark contracts closed the week lower by over 5 per cent, after hitting 14-year highs nearly two weeks ago. The war in Ukraine

By Adedapo Adesanya Nigeria’s sovereign wealth fund, Nigerian Sovereign Investment Authority (NSIA), and Vitol have launched a joint venture to invest in a range of carbon avoidance and removal projects. The NSIA said an initial $50 million had been committed and that both firms were in the process of reaching a final investment decision on the first projects. The new entity called CarbonVista was first considered last July to invest exclusively in projects in Nigeria. It said the first investment would be in a household energy efficiency program aimed at improving clean cooking and water filtration. The JV will commence

By Modupe Gbadeyanka Nigeria’s number one online food ordering platform, Jumia Food, has announced its partnership with six new top restaurants in Port Harcourt, bringing the total restaurants active on the platform in the city to 35. The six new restaurants now under the Jumia Food belt are Genesis, Jevinik, South 66, Menage, Casablanca, and Go Green. In addition, Jumia Food has also partnered with the best pizza, burger, health food and local food restaurants in the city, and will deliver to major areas like Trans Amadi, GRA 1, 2 & 3, Old GRA, Rumogba, and Woji. Managing Director of

By Dipo Olowookere Investment banking giant, Stanbic IBTC Plc, last week held a three-day conference in Lagos, where it showcased the different investment potentials in Nigeria. The event, Standard Bank West Africa Investors’ Conference (WAIC), in its 10th edition, took place from Tuesday, September 17 to Friday, September 20, 2019 and was Prism of Possibilities. It brought together foreign and local institutional investors, fund managers, regulators and policy makers, bankers, businessmen and captains of industry among others. Nigeria still remains an attraction for foreign investments as the country’s economy continues to experience growth and perhaps, no organization is better positioned