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Brent crude futures

Brent Jumps to $86 Per Barrel on Low Crude Exports, Stronger Demand

March 19, 2024
By Adedapo Adesanya  The price of the international crude benchmark, Brent Crude, rose by 88 cents or 1.0 per cent to $86.22 per barrel on Monday, triggered by lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in China and the US. Also, the US West Texas Intermediate (WTI) crude appreciated by $1.01
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print Naira massively

Naira Trades N1,597/$1 at Official Market, N1,600/$1 at Black Market

March 19, 2024
By Adedapo Adesanya The Naira appreciated against the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) segment of the currency market on Monday by 0.3 per cent or N5.41 to close at N1,597.34/$1 compared with last Friday’s value of N1,602.75/$1. It also improved its value against the Pound Sterling in the official market yesterday by N50.97 to wrap
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Oil stocks

Oil Stocks Trigger 1.77% Gain at NASD OTC Exchange

March 19, 2024
By Adedapo Adesanya Oil stocks, Aradel Holdings and Acorn Petroleum, led the NASD Over-the-Counter (OTC) Securities Exchange to a 1.77 per cent appreciation on Monday, March 18. They increased the value of the alternative bourse by N24.85 billion during the trading session to N1.428 trillion from the N1.403 trillion it closed in the preceding, and the NASD Unlisted Security Index (NSI)
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international breweries rights issue

International Breweries Wants Approval for $379.9m Loan, Convert to Equity

March 19, 2024
By Aduragbemi Omiyale An Extra-ordinary General Meeting (EGM) for shareholders of International Breweries Plc to approve the $379.9 million loan to the company from AB InBev Nigeria Holdings BV and convert this to equity is scheduled for Tuesday, April 9, 2024. This was confirmed by a statement signed by the company secretary, Mrs Marian Reginald-Ukwuoma, on Monday. It was disclosed
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Comptroller Iheanacho Kebbi Customs Kamba border

Kebbi Customs Reaffirms Pledge to Facilitate Trade

March 19, 2024
By Bon Peters The Kebbi State Command of the Nigeria Customs Service (NCS) says it is poised to facilitate legitimate trade as it has reopened the Kamba border in compliance with the directive of the Comptroller General of Customs (CGC), Mr Adewale Adeniyi. The command’s image maker, Mr Mohammed Tajuddeen Salisu, a Superintendent of Customs, in a statement over the
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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

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Old Mutual Seals $700m Investment Deals In Nigeria

The dwindling Nigerian economy is expected to receive a huge boost with the pumping of about $700 million into it. It is no longer a secret that the economy is struggling and businesses in Nigeria finding it very hard to survive, including
August 12, 2016

Buhari Congratulates Oyegun On 77th Birthday

President Muhammadu Buhari has felicitated with the National Chairman of All Progressives Congress, APC, Chief John Odigie Oyegun as he marks his 77th birthday on August 12, 2016. Buhari, in a statement signed by one of his media aides, Femi Adesina, joined
August 12, 2016

6000 Kids For Cowbell Summer Camp

The 2016 Cowbell Chocolate summer camp is expected to have not less than 6,000 children participating, the organisers have said. The kids are drawn from several schools across the country. At the six-day summer camp tagged ‘Chocademy’, opens in Makurdi, Benue State
August 12, 2016

Protesters Block Chevron Depot In Delta

On Thursday, August 11, 2016, some villagers staged a demonstration outside a Chevron facility in Delta State. The protesters demanded for better attention from the company as well as placements in Chevron. During the protest, personnel of the Nigerian military were deployed
August 11, 2016

Buhari Makes Case For ‘Endangered’ Lake Chad

  An appeal has been made to rich countries in the world to do something urgent to save the Lake Chad from extinction, arising from effects of climate change. President Muhammadu Buhari made this plea when he received the Director-General of UNESCO,
August 11, 2016

Nigeria Confirms Polio Outbreak In Borno

Minister of Health, Professor Isaac Adewole, has confirmed an outbreak of wild polio virus (WPV) in Borno State. This comes barely a year after Nigeria was declared a polio-free country. Business Post recalls that on September 25, 2015, the World Health Organization
August 11, 2016

Zenith Bank Records N44.8b Profit In H1

***Proposes 25k Interim Dividend Zenith Bank Plc has released its operating results for the six months period ended June 30, 2016, revealing a 15.7 percent decline in its profit after tax of N44.8 billion from N53.2 billion posted for the same period
August 11, 2016

Osun NUJ Disowns Vice President

The Nigeria Union of Journalists’ (NUJ) Osun State Council on Thursday passed vote of no confidence on the National Vice President B Zone, Mr Cosmos Oni and called on the National President Mr Waheed Odusile not to delegate him on any assignment
August 11, 2016

NSE Market Capitalisation Loses N49b

Trading on the floor of the Nigerian Stock Exchange (NSE) on Thursday, August 11, 2016 ended on a bad note. The market capitalisation of the Nigerian equities market shed N49 billion, in spite of the 25k interim dividend announced by Zenith Bank
August 11, 2016

Aboyeji Quits Andela, Floats Flutterwave

Co-founder of Andela, Mark Zuckerberg’s first big tech investment in Africa, Iyin Aboyeji, has announced his exit from the company. Andela is a Lagos-based coder training company, which raised about $24 million courtesy Facebook founder, Mark Zuckerberg, about eight weeks ago. Aboyeji
August 11, 2016
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