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Investors Gain N273bn from Stock Market at Midweek

March 13, 2024
By Dipo Olowookere The Nigerian stock market showed resilience on Wednesday after it closed in the green territory by 0.47 per cent despite divided attention from the treasury bills market. The Central Bank of Nigeria (CBN) conducted another primary market auction today and the stop rate cleared at 21.12 per cent for the one-year instrument. However, this did not crumble
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brent crude oil

Brent Sells $84 Per Barrel on US Inventory Drops, Supply Disruption

March 14, 2024
By Adedapo Adesanya Brent crude jumped by 2.6 per cent or $2.11 to a four-month high of $84.03 per barrel on Wednesday on a surprise withdrawal in US crude inventories and potential supply disruptions after Ukrainian attacks on Russian refineries. It was the highest level the crude grade had reached since November 6, as the US West Texas Intermediate (WTI)
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Naira 4 Dollar

Naira Falls to N1,615.94/$1 at NAFEM, N1,607/$1 at Parallel Market

March 14, 2024
By Adedapo Adesanya The Naira closed the midweek weaker against the United States Dollar at the Nigerian Autonmous Foreign Exchange Market (NAFEM), which is the official market, and the parallel market. According to data obtained from the FMDQ Securities Exchange, the local currency declined against the greenback on Wednesday by 0.8 per cent or N12.56 to sell for N1,615.94/$1 versus
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Food Concepts Chicken Republic

Food Concepts, Aradel Holdings Weaken Unlisted Securities by 2.23%

March 14, 2024
By Adedapo Adesanya Aradel Holdings Plc and Food Concepts Plc extended the loss at the NASD Over-the-Counter (OTC) Securities Exchange for the third straight day by 2.33 per cent on Wednesday, March 13. Aradel Holdings Plc recorded another drop, this time by N155.20, to sell at N1,789.36 per share compared with the previous day’s N1,944.56 per share and Food Concepts
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Cement Manufacturers

Cement Manufacturers Subjecting Nigerians to Untold Hardship—Reps

March 14, 2024
By Aduragbemi Omiyale The House of Representatives has accused cement manufacturers in the country of subjecting Nigerians to untold hardship over their arbitrary increase in the price of the product. The lower legislative chamber has, therefore, resolved to look into their pricing mechanism, summoning the major cement makers in the country for an explanation. The cement firms in Nigeria were
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Politics

AP Moller-Maersk

AP Moller-Maersk Denies $600m Port Investment With Nigeria

April 30, 2024
By Adedapo Adesanya Danish shipping giant, AP Moller-Maersk, has denied recent claims by the Presidency that it will invest $600 million in Nigeria’s port expansion and improvement project. This marks yet another gaffe from the presidency after it claimed that the United Arab Emirates (UAE) had lifted a visa ban on Nigerians, a statement that originated from the Special Adviser
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Travel

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Chibok Girls: FG Must Act Now—BBOG Group

The Federal Government has been charged to take urgent actions to secure the release of schoolgirls kidnapped over two years ago by Boko Haram members in Chibok, Borno State. The Bring Back Our Girls (BBOG) group in a statement issued on Sunday
August 14, 2016

Boko Haram: Army Declares Journalist Ahmed Salkida Wanted

A Nigerian freelance journalist, Ahmed Salkida, has been declared wanted by authorities of the Nigerian Army. A statement issued on Sunday by the Army though its spokesman, Colonel Sani Kukasheka Usman, said Mr Salkida is being wanted because of his links with
August 14, 2016

Is This The Change We Voted For? Yes, It Is

By Garba Shehu The last couple of weeks have witnessed the heaviest public criticism of the Muhammadu Buhari administration since he came to power after inflicting a heavy defeat on the Peoples Democratic Party and their candidate Dr Goodluck Ebele Jonathan. Much
August 14, 2016

The Parable Of The Husband’s Cane

By Reuben Abati One other outcome of our democratic experience since 1999 is how demanding and insatiable the Nigerian voter has become, and because political office holders and the professional political class are yet to fully decipher and understand the implications of
August 14, 2016

Fani-Kayode And His Apocalyptic Pessimism

By Akingbade Thomas I have followed the opinion articles of Femi Fani-Kayode since he started publishing in different news media. At first, his opinions seem to me to be inspired by patriotism. After some time, he gradually descends into ethnical and partisanship
August 14, 2016

Juliet Ibrahim To Begin TV Series

Ghanaian movie star, Juliet Ibrahim, is to launch her own reality television series called ‘The Perfect Assistant (TPA). A statement by her Publicist, Bunmi Odunowo, in Lagos on Saturday said the programme would kick off before the end of 2016. TPA, according
August 14, 2016

Boko Haram Shows ‘Chibok Girls’ In New Video

Wanted and displaced Boko Haram leader, Abubakar Shekau, has released a new video through the group to shows that the schoolgirls kidnapped in Borno State in 2014 by his members are still under his care. This is the second time Shekau is
August 14, 2016

Entries For Golden Pen Awards Close Friday

Organiser of the prestigious Nigerian Breweries’ Golden Pen Awards, Nigerian Breweries Plc, has said submission of entries would end on Friday, August 19, 2016. This was made known by the organiser in a statement issued in Lagos and obtained by Business Post
August 14, 2016

FRSC Trains Government Drivers

A training programme aimed at improving the skills of drivers working with the Federal Government has commenced in Abuja. The exercise is being handled by the Federal Road Safety Corps (FRSC) and Business Post was informed that it would hold in batches.
August 14, 2016

FG Okays Barcode To Fight Piracy

The Federal Government has approved the use of barcode in Nigerian movies and music as a measure to protect intellectual properties from undue exploitation. Minister of Information and Culture, Alhaji Lai Mohammed, gave this endorsement on Friday in Abuja when he received
August 14, 2016
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