west texas intermediate WTI crude

Brent, WTI Jump 1% on Tightening Supply Risk

April 6, 2024
By Adedapo Adesanya The Brent and US West Texas Intermediate (WTI) crude oil benchmarks rose more than $1 a barrel on Friday as markets watched for signs of any direct conflict between Israel and Iran that could further tighten supplies. Yesterday, Brent crude settled at $91.17 per barrel after it gained 52 cents or 0.57 per cent, and the US
Local Currency

Local Currency Gains 0.3% on Dollar to Close at N1,251/$1

April 6, 2024
By Adedapo Adesanya The local currency appreciated against its American counterpart at the Nigerian Autonomous Foreign Exchange Market (NAFEM) for the fourth straight session this week to finish stronger on Friday. The Naira chalked up 0.3 per cent or N4.02 on the greenback yesterday to sell at N1,251.05/$1 compared with Thursday’s closing rate of N1,255.74/$1. On the British Pound Sterling,
NASD Unlisted Security Index

NASD Unlisted Security Index Plunges by 2.48%

April 6, 2024
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange ended in the red zone on Friday, April 5 as Capital Hotel Plc became the newest member of the bourse. Despite adding about N15.46 billion to the alternative stock exchange because of its admission to the trading platform, the value of the market went down by 1.49 per cent or N22.40
Capital Hotels shareholders

Capital Hotels Joins NASD After NGX Delisting

April 6, 2024
By Adedapo Adesanya After delisting its shares from the Nigerian Exchange (NGX) Limited, Capital Hotels Plc has joined the NASD Over-the-Counter (OTC) Securities Exchange, Business Post reports. “We are pleased to inform you that the shares of Capital Hotels Plc have been admitted to trade on the NASD OTC Securities Exchange,” a statement from the alternative bourse confirmed this development.

Politics

Afreximbank

Afreximbank Records Improvement in Operating Efficiency in Q1 2024

May 20, 2024
By Adedapo Adesanya The African Export-Import Bank (Afreximbank) has released its consolidated financial statements for the first three months of 2024, recording growth in the face of challenging geopolitical and macroeconomic conditions. According to a statement, the Cairo-based lender demonstrated year-on-year growth and improvement in operating efficiency, with a lower cost-to-income ratio of 14.5 per cent in Q1 2024 compared

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EFCC Frees Detained Blogger

  Publisher of popular www.abusidiqu.com, Abubakar Sidiq Usman, has finally been released by the Economic and Financial Crimes Commission (EFCC). Mr Usman was let go by the EFCC on Tuesday evening after spending over 24 hours in their custody. The political blogger
August 9, 2016

Buhari Urges Friesland Campina To Educate Cattle Farmers

An appeal has gone to the Global Chief Executive Officer of Friesland Campina, The Netherlands, Mr Roelf Joosten, to educate cattle farmers in Nigeria on the need to know that “quality matters more than quantity.” President Muhammadu Buhari, who received Mr Joosten
August 9, 2016

Agriculture Remains My Priority—Buhari

  President Muhammadu Buhari has said his administration will continue to accord agriculture superior importance through programmes and initiatives designed to motivate the citizens to produce enough food to feed the nation. The President made this known when he received the outgoing
August 9, 2016

INEC Chair Tasks Media On Balanced Reports

Chairman of the Independent National Electoral Commission (INEC), Professor Yakubu Mahmood, has urged journalists to always cross check their facts from several channels available to them at the Commission before going to press. He said because accuracy is one of the hallmarks
August 9, 2016

Gov Ahmed Directs Contractors Back to Site

Kwara State Governor, Dr Abdulfatah Ahmed has directed contractors handling various projects in the State to return to sites immediately. Governor Ahmed gave the directive in Ilorin at the monthly Stakeholders Meeting of the All Progressives Congress (APC). He said projects in
August 9, 2016

Naira Hits N350 Per Dollar At Interbank Market

The Naira recorded an all-time low of 350 to the dollar during trading at the interbank market on Tuesday, August 9, 2016. Business Post correspondent gathered that this has further given some foreign investors another reason to stay away from the Nigerian
August 9, 2016

Pogba Completes United £89m Switch

French international, Paul Pogba, has returned to Manchester United, the club he left four years ago for a fee of £1.5m because he was not then a regular. But Pogba returns to Old Trafford after completing his world-record £89m transfer fee. On
August 9, 2016

Winners Emerge At 2016 Techplus Gaming Competition

Nine winners have emerged from over 2000 gamers that competed in the gaming tournament at the recently concluded Techplus 2016 conference and exhibition held at the Eko Hotel and Suites, Lagos. Players went head to head in three different games; FIFA 16
August 9, 2016

Alcatel Moves To Conquer Nigerian Market

Alcatel has hit the road for its 2016 road show across Nigeria. The brand will be visiting ICT markets, shopping complexes and tertiary institutions across the South-West and South-South parts of the country in the month-long road show which is aimed at
August 9, 2016