Nigerian Music Star Mohbad Dies at 27

By Modupe Gbadeyanka Winner of Nigerian Idol Season 8 Winner, Victory Gbakara, and the runner-up, Precious Mac, were recently at the Lagos office of Bigi, one of the sponsors of the music talent show, which brought them to limelight. During the visit, the duo expressed gratitude to Bigi, a brand from the stables of Rite Foods, commending them also for quenching the thirsts of their consumers. “I have experienced them and tasted most of their products and they are 100 per cent,” Precious Mac said. On July 16, 2023, Victory Gbakara defeated Precious Mac to become the Season 8 winner

Music is a universal language that people should be able to access at their fingertips without the hindrance of data costs or monthly subscriptions. That’s why Spotify has the Free tier, which offers the same quality listening experience that the platform is known for, but without the monthly subscription fee. Personalisation is at the heart of what we do at Spotify, curating music based on every user’s listening habits, so the more you listen, the more you are setting the tone. With playlists made just for you, whether you are on Spotify Premium or the Free Tier, here are some

By Adedapo Adesanya The Cinema Exhibitors Association of Nigeria (CEAN) has confirmed that it generated N603,588,722 from tickets sold across the country in August, 20.1 per cent higher than the N482,528,117 total sales in July. This was disclosed by CEAN National Chairman, Mr Opeyemi Ajayi, on Tuesday. He said patronage at the cinemas in August was quite encouraging as 212,192 viewers were admitted into their facilities within the period under review, noting that there was a sporadic improvement in sales and visitors patronage in August as against figures recorded in July. He said, “August was quite a beautiful month. We

By Adedapo Adesanya The 42nd trading week at the NASD Over-the-Counter (OTC) Securities Exchange closed higher by 0.28 per cent as investors saw a reason to mop up shares trading low for gains in the coming weeks. This expanded traders’ portfolios at the unlisted stock exchange by N2.69 billion, leaving the market capitalisation swelling to N960.88 trillion from the preceding week’s N958.19 billion. Data obtained by Business Post showed that the NASD Securities Index improved by 2.04 points to close at 727.88 points in contrast to 729.92 points. The positive movement was triggered by the improvement in the share price

By Ahmed Rahma The COVID-19 pandemic hit many businesses, countries and individuals in 2020 by surprise and till now, the effect is still being felt. Nigeria, which is one of the countries hit by the virus, though mildly when compared with countries in Europe and the United States of America (USA), slipped into a recession as a result of the contagion. When the country, which is Africa’s largest economy, recorded its first case of coronavirus in late February, some people knew trouble was lurking around. In March, President Muhammadu Buhari was forced to take the harsh decision of locking down

By Investors Hub European stocks have tumbled on Wednesday as worries about U.S. and U.K. political turmoil as well as renewed concerns about slowing global growth has sapped investors’ appetite for risk. U.S. President Donald Trump’s criticism of China’s trade practices at the United National General Assembly on Tuesday also fueled pessimism about the prospect of a trade truce between the world’s two largest economies. While the U.K.?s FTSE 100 Index has fallen by 0.5 percent, the German DAX Index is down by 1 percent and the French CAC 40 Index is down by 1.3 percent. The British pound fell

By Dipo Olowookere The management of the Nigerian Stock Exchange (NSE) has suspended trading in the shares of six companies listed on its trading platform. As a result of this action, shareholders of the affected firms will not be able to trade the stocks of the companies at the exchange until the embargo is lifted by the NSE. A notice to stockbrokers on Tuesday, September 1, 2020, explained that the organisations were suspended from trading their equities on the exchange because they failed to adhere to the listing rules. Business Post gathered that the affected companies are FTN Cocoa Processors,

By Adedapo Adesanya Start-ups in Africa raised more than $1.3 billion in the first quarter of the year, including exits, preliminary data from Africa: The Big Deal shows. The latest data published by the duo of Max Cuveiller and Maxime Bayen showed that startups on the continent also recorded their best performances in the quarter since mid-2022, when they faced several headwinds. In the three months of the year, February 2023 was the continent’s third-best month ever in terms of funding, as they raised $700 million after September 2021 and March 2022. Meanwhile, March 2023 was the worst month in

By Investors Hub European stocks are seeing modest weakness on the day as the euro has surged and investors await the release of minutes of the September Federal Reserve policy meeting later today for clues on the interest rate outlook. The euro hit a two-week high against the dollar after Catalan leader Carles Puigdemont refrained from making a formal declaration of the region’s independence on Tuesday. While the German DAX Index is just below the unchanged line, the U.K.’s FTSE 100 Index is down by 0.1 percent and the French CAC 40 Index is down by 0.3 percent. Unilever shares

By Modupe Gbadeyanka The $6.1 billion external loan request of President Muhammadu Buhari has been passed by the Senate. The offshore borrowing worth N2.3 trillion in local currency was approved by the upper chamber of the National Assembly on Wednesday. In May, Mr Buhari wrote to the Senate President, Mr Ahmad Lawan, informing him of his intention to approve the international debt market to source for the funds. According to him, the money would be used to fund part of the 2021 budget. President Muhammadu had also said apart from the debt market, he intended to approach international money lenders

By Dipo Olowookere WeWork has announced a $500 million investment in a new entity focused on fuelling its growth and expansion in Southeast Asia and Korea. This investment underlines the potential for WeWork in Asia and follows on the heels of WeWork’s other recent investment news from the region: a $500 million investment with SoftBank and Hony Capital dedicated to WeWork’s expansion across China, and a joint venture with SoftBank to bring WeWork’s transformational community to Japan. WeWork, in a statement, also disclosed that it would acquire Singapore-based coworking company Spacemob, including its founder and CEO, Turochas ‘T’ Fuad, and