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Business

Sustainable Financial Reporting Standards

Tinubu Affirms Commitment to Sustainable Financial Reporting Standards

March 22, 2024
By Adedapo Adesanya President Bola Tinubu has assured stakeholders that Nigeria is committed to implementing world-leading sustainability reporting standards to unlock capital investments, transform business models, and safeguard the environment. The President gave the assurance in Abuja during a meeting with the International Sustainability Standards Board (ISSB) Chair, Mr Emmanuel Faber, which coincided with the launch of Nigeria’s Adoption Readiness Roadmap
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year-to-date return

NGX Year-to-Date Return Soars to 39.95% After Friday’s 0.25% Gain

March 22, 2024
By Dipo Olowookere The Nigerian Exchange (NGX) Limited further appreciated by 0.25 per cent on Friday, stretching the year-to-date return to 39.95 per cent in just under three months, though the week-to-date gain went down by 0.42 per cent. The All-Share Index (ASI) increased by 259.90 points to settle at 104,647.37 points today compared with yesterday’s 104,387.47 points, as the
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Oil Prices fall

Oil Prices Under Pressure as Market Weighs Ceasefire Talks

March 23, 2024
By Adedapo Adesanya  Oil prices were suppressed on Friday as the possibility of a ceasefire in Gaza weakened crude benchmarks, with Brent futures down by 35 cents to $85.43 per barrel and the US crude futures down by 44 cents to $80.63 a barrel. For the week, both benchmarks logged less than a 1 per cent change on the week.
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naira value

Naira Firms to N1,431/$1 at NAFEM, N1,465/$1 at Black Market

March 23, 2024
By Adedapo Adesanya The Naira continued to edge the US Dollar and completed a whole week of gains in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, March 22, with a further 1.5 per cent or N21.79 appreciation to close at N1,431.49/$1  compared with the previous day’s N1,453.28/$1. This happened despite a shortfall in the forex turnover in the
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Tinubu Certificate Forgery Scandal

Nigeria’s Public Debt Rises 10.7% to N97.34trn

March 23, 2024
By Modupe Gbadeyanka The public debt of Nigeria increased by 10.73 per cent or N9.43 trillion to N97.34 trillion in the fourth quarter of 2023 from N87.91 trillion in the third quarter of the same year. This information was revealed by the Debt Management Office (DMO) in a statement issued on Friday, outlining the reason for the rise in the
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Politics

Moniepoint thriving hospitality industry

Thriving Hospitality Industry Essential for Nigeria—Moniepoint CEO

May 6, 2024
By Aduragbemi Omiyale The chief executive of Moniepoint Microfinance Bank, Mr Babatunde Olofin, has posited that Nigeria needs a thriving hospitality industry, especially at a period when the country is experiencing harsh economic challenges. Mr Olofin made this submission while speaking on a recent award won by the company at the 2024 Hotel Industry Excellence and Sustainability Award (HIESA). The
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Travel

Latest

Ex-Adamawa SSG John Manassah Dies

A former Secretary to the Adamawa State Government, John Eddie Manassah, has been reported dead. Mr Manassah, according to reports, died on Wednesday morning in Yola, the state capital. Eldest son of the late politician, Yangadi Mannassah John, who confirmed the news,
August 10, 2016

Why I Do Ventriloquism Comedy—Nev Harrison

Upwardly mobile stand-up comedian, Nev Harrison has revealed that he introduced ventriloquism art of comedy to the Nigerian scene in order to immortalise his late younger brother, Ejiro who initially had the plans of becoming a ventriloquist. Nev delivers his comedy through
August 10, 2016

Bobbles Pay TV Debuts In Europe

A new pay TV platform called Bobbles TV has launched in Europe on Wednesday, August 10, 2016. The platform said its service can be received throughout Europe via satellite and internet. Bobbles.tv targets around 14 million people from Asia, Latin America and
August 10, 2016

Access Bank Upgrades PayWithCapture App

The digital banking application of Access Bank, PayWithCapture, has been upgraded to make transactions seamless. Business Post learnt that the latest version, PayWithCapture 5.0, comes with additional features that enable customers to transfer funds from any bank account (one or more) to
August 10, 2016

Nike Debuts New Film ‘Unlimited Courage’

Leading sports brand, Nike, has announced its next film aimed to celebrate a summer of sport and encourage athletes. The flick, ‘Unlimited Courage’, according to Nike, celebrates an extraordinary athlete, Chris Mosier, and his unlimited determination and spirit to become the first
August 10, 2016

All Set For 23rd World Energy Congress In Turkey

  Momentum is building towards the 23rd World Energy Congress, due to take place in Istanbul between 9th and 13th October, just two months away. Government ministers from almost 50 countries are among the 261 influential senior leaders confirmed to speak at
August 10, 2016

JAC Targets African, Middle East Auto Markets

Leading Chinese automaker, JAC, has expressed its intention to look into the Middle East and African markets to boost its sales. The company says it plans to focus on young, tech-savvy and style-conscious drivers in the two markets. This, Business Post learnt,
August 10, 2016

CBN Extends BVN Registration For Diaspora Customers

The Central Bank of Nigeria (CBN) has announced the extension of registration for the Bank Verification Numbers (BVN) for Nigerian customers living abroad. In a circular released on Tuesday by the Director, Banking and Payment System of CBN, Mr Dipo Fatokun, the
August 10, 2016

No Plan To Hike Fuel Price—NNPC Assures

Nigerians have been guaranteed that there would not be an increase in the pump price of Premium Motor Spirit (PMS) commonly called petrol. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, said this while reacting to speculations
August 10, 2016

Saudi Revises Visa Fees For Pilgrims

Authorities of Saudi Arabia have carried out new amendments to visa fees for pilgrims going to the country. The country’s cabinet of ministers announced on Tuesday that the changes will see all visa fees completely waived off and fully paid for by
August 9, 2016
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