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Business

FarmTime Organic Fertilizer Production

FarmTime Gets $50,000 to Boost Organic Fertilizer Production

December 7, 2021
By Dipo Olowookere An agric-startup based in Tanzania, FarmTime Company Limited, has become the latest beneficiary of a new revenue-linked matching fund designed to incentivize investors to back younger entrepreneurs. The firm, which was established in 2017 to recycle and repurpose plant and animal waste to produce organic fertilizers, delivering consistent and traceable nutrients at affordable prices, has secured a
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OPEC Crude

OPEC Extends Compensation for Nigeria, Others to June 2022

December 7, 2021
By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries (OPEC) has extended the compensation period for defaulting countries in the ongoing oil cuts until June 2022. This was contained in a statement by the group’s Secretariat, which noted that the extension was granted following requests by some of the underperforming countries. Nigeria is one of the defaulters and the
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NEM Insurance

NEM Insurance Seeks Regulatory Approval for Share Reconstruction

December 7, 2021
By Dipo Olowookere The board of NEM Insurance Plc is seeking regulatory approval for its proposed share reconstruction, a notice from the Nigerian Exchange (NGX) Plc has confirmed. Ms Lilian Dako, who signed the disclosure on behalf of the Head of Listings Regulation Department at the NGX, said the underwriting firm filed its application through its stockbroker, Apel Asset Limited.
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oil weak dollar

Oil Climbs Further as Global Demand Impact of Omicron Eases

December 8, 2021
By Adedapo Adesanya Oil prices climbed by more than 3 per cent on Tuesday, extending the previous day’s rebound as concerns eased further about the impact on global fuel demand of the Omicron coronavirus variant. Brent crude gained $2.36 or 3.2 per cent to trade at $75.44 per barrel while the West Texas Intermediate (WTI) crude added $2.56 cents or
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Financial Stocks

Financial Stocks Rescue Local Bourse from Bears’ Grip by 0.02%

December 8, 2021
By Dipo Olowookere The local bourse rebounded marginally by 0.02 per cent on Tuesday, thanks to financial stocks, especially the tier-one banks as they rescued the market from the firm grip of the bears. Yesterday’s growth was the first in seven straight sessions and it came a day after FBN Holdings posted unimpressive nine-month results as its earnings and profits
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Politics

ANOH Gas Plant

Tinubu To Commission Three Critical Gas Projects

May 3, 2024
By Adedapo Adesanya President Bola Tinubu will commission three critical gas infrastructure projects undertaken by the Nigerian National Petroleum Company (NNPC) Limited and its partners as part of efforts to use gas to boost the Nigerian economy. This was disclosed in a statement by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, on Friday, adding
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Travel

Latest

Elumelu Empowers Youths in Delta with N500m

By Dipo Olowookere Chairman of United Bank for Africa (UBA) Plc, Mr Tony Elumelu, has donated the sum of N500 million to boost the wealth creation programmes of Delta State Governor, Mr Ifeanyi Okowa. According to Mr Elumelu, who announced the donation
July 6, 2018

SEC Yet to Hear From MTN on Proposed Nigerian IPO

By Dipo Olowookere A report by Daily Trust has revealed that MTN Nigeria Limited was yet to file the necessary papers to the Securities and Exchange Commission (SEC) for its long-awaited Initial Public Offering (IPO) this year. This debunks several media reports
July 6, 2018

Dangote Takes Over Katsina Songhai Initiative to Boost Revenue

By Dipo Olowookere The Katsina Songhai initiative located in Makera, Dutsinma Council Area of Kastina State has now been taken over by Dangote Group. This followed a memorandum of understanding signed between the state government and Dangote Group on Thursday. Business Post
July 6, 2018

Senate Passes Forensic Accounting Bill

By Dipo Olowookere The Chartered Institute of Forensic and Investigative Auditors in Nigeria Bill and Chartered Institute of Forensic Accountants of Nigeria Bill were yesterday passed by the Senate. This followed consideration of the clause by clause of a report submitted by
July 6, 2018

Ship Owners in Nigeria Rejects 15% Customs Duty

By Dipo Olowookere Owners of ships in Nigeria have kicked against the imposition of 15 percent Customs duty on their vessels, describing this as unfair especially when vessels belonging to foreign nationals pay as low as one percent. The aggrieved persons, who
July 6, 2018

FAAC Deadlock: Buhari, Adeosun to Meet NNPC

By Dipo Olowookere Governors Abdulaziz Yari of Zamfara State on Thursday disclosed that President Muhammadu Buhari and the Minister of Finance, Mrs Kemi Adeosun, will soon have a meeting with officials of the Nigerian National Petroleum Corporation (NNPC). The meeting, according to
July 6, 2018

Dangote Cement Lifts NSE Index after Gaining N5 Per Share

By Dipo Olowookere For the first time this week, the Nigerian stock market finished bullish, closing 0.65 percent higher. Business Post reports that bargain hunting activities as well as gains recorded by Dangote Cement and other stocks lifted the spirit of investors
July 5, 2018

VAIDS: FG to Release Names of Tax Defaulters Mid-July

By Dipo Olowookere The Nigerian government has threatened to release list of tax defaulters in the country before the end of this month. Chairman of the Federal Inland Revenue Services (FIRS), Mr Babatunde Fowler, dropped this hint on Wednesday after the weekly
July 5, 2018

Former Finance Minister Adamu Ciroma Dies at 84

By Dipo Olowookere A former Minister of Finance, Mr Adamu Ciroma, has reportedly died in Abuja. The deceased, who was also a former Governor of the Central Bank of Nigeria (CBN), was said to have died on Thursday at a hospital in
July 5, 2018
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