Unclaimed Dividends

SEC Blames Investors for Rise in Unclaimed Dividends to N170bn

August 16, 2021
By Adedapo Adesanya The Securities and Exchange Commission (SEC) has blamed investors for the increase in the total unclaimed dividends in the Nigerian capital market, Business Post reports. The Director-General of SEC, Mr Lamido Yuguda, speaking at the second post-Capital Market Committee (CMC) virtual news conference last week, lamented the 7.3 per cent or N11.56 billion rise in unclaimed dividends
Buhari signs PIB

Buhari Finally Signs Long-Awaited Petroleum Industry Bill into Law

August 16, 2021
By Adedapo Adesanya President Muhammadu Buhari on Monday, August 16, 2021, signed the long-awaited Petroleum Industry Bill (PIB) 2021 into law. This was disclosed by the presidential spokesperson, Mr Femi Adesina, in a statement issued in Abuja today. He stated further that the President gave his assent to the keenly contested bill on Monday as part of efforts to fulfil
NACCIMA Attract Investments

Viable SMEs Will Cut Reliance on Foreign Goods—NACCIMA

August 16, 2021
By Adedapo Adesanya The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has urged the government to provide adequate infrastructure nationwide to make small and medium-sized enterprises (SMEs) become viable so that the country reduce its reliance on foreign goods. This advice was given by the association’s president, Mr Ide Udeagbala, in his remarks at the first
NASD investors

NASD Investors’ Portfolios Deplete by N6.47 in One Week

August 16, 2021
By Sodeinde Temidayo David, Adedapo Adesanya The 32nd week of trading at the NASD Over-the-Counter (OTC) Securities Exchange saw investors lose N6.47 billion in the five days of transactions. According to an analysis of trades at the unlisted securities market by Business Post, the market capitalisation dropped to N647.85 billion from N654.32 billion achieved in week 31. Also, the NASD
Brent Price

Brent Drops Below $70 as Weak Data Dampens Market  

August 17, 2021
By Adedapo Adesanya Crude prices on Monday went bearish as official data showed that economic activity slowed in China, indicating that COVID-19 outbreaks are crimping the world’s second-largest economy. This development dragged the price of the Brent crude oil futures down by 96 cents or 1.35 per cent to $69.63 per barrel and weakened the United States West Texas Intermediate

Politics

loan for Nigeria's Indorama

AfDB Approves $75m Loan for Nigeria’s Indorama

March 28, 2024
By Adedapo Adesanya The African Development Bank (AfDB) approved a $75 million loan for Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited as part of a $1.25 billion facility arranged by the International Finance Corporation (IFC), which will enable the firm to increase its fertilizer production and develop a port terminal for exports, supporting food production and food security across regional

Travel

Latest

Ambode: Face Your Dead Music Career—K1 tells Obesere

By Dipo Olowookere Mr Kunle Rasheed, head of the media team of Fuji maestro, K1 De Ultimate, has lambasted another Fuji icon, Mr Abass Obesere, over his outburst on K1. Few days ago, Obesere had attacked Ogun State-born K1 De Ultimate for
September 24, 2018
polaris bank limited registration cac

CBN Yet to Register Polaris Bank, New Owner of Skye Bank

By Dipo Olowookere The Central Bank of Nigeria (CBN) is yet to fully register Polaris Bank Limited, the bridge bank it announced for the defunct Skye Bank Plc, Business Post has confirmed. Last Friday, the apex bank withdrew the operating license of
September 24, 2018
treasury bills yields

Cost of Funds to Rise as N164.6b Treasury Bills Mature

By Dipo Olowookere The interbank rates are expected to trend upwards this week as treasury bills worth N164.58 billion mature via the secondary market. The maturing bills, according to analysts at Cowry Asset, might not sufficiently sustain liquidity given anticipated primary market
September 24, 2018

Heritage Bank Picks Three Awards in Agric, SME

By Dipo Olowookere Heritage Bank Plc is beginning to reap the reward for supporting agriculture and small and medium scale enterprises (SMEs) in the country. This is because recently, the lender carted away with three prestigious awards when it was announced as
September 23, 2018

INEC Fixes September 27 for Osun Governorship Re-Run

By Modupe Gbadeyanka Thursday, September 27, 2018 has been announced as date for supplementary election for the governorship poll in Osun State. On Saturday, September 22, 2018, the Independent National Electoral Commission (INEC) conducted an election, which was declared inconclusive the next
September 23, 2018

BREAKING: INEC Declares Osun Guber Election Inconclusive

By Dipo Olowookere The Independent National Electoral Commission (INEC) on Sunday declared the September 22, 2018 governorship election in Osun State “inconclusive.” INEC Returning Officer for the poll, Joseph Adeola, while announcing the results on Sunday afternoon, disclosed that the margin between
September 23, 2018

Osun 2018 Governorship Election: Foretelling the Outcome

By Omoshola Deji Osun is topping the headlines as the governorship race hits the top gear. The ruling party is striving to retain power, while the opposition is struggling to regain it. The state has been electrified with political campaigns, unfulfillable electoral
September 23, 2018
AfCFTA

UNIDO Organises Forum on Implementation of AfCFTA

By Modupe Gbadeyanka Recently, some African countries agreed to be part of African Continental Free Trade Area (AfCFTA), but Nigeria, the continent’s largest economy, declined, raising some issues concerning the initiative meant to make Africa economically viable. As world leaders prepare for
September 23, 2018
honeywell flour mills1

Honeywell Laments Impact of Apapa Gridlock on Operations

By Modupe Gbadeyanka Chairman of the Board of Directors of Honeywell Flour Mills Plc, Mr Oba Otudeko, has disclosed that the deplorable state of roads around the Tin Can and Apapa ports was already seriously weighing on businesses operating in the vicinity.
September 23, 2018