WAUG: Heritage Bank Reaffirms Commitment to Youth, Sport Devt

By Adedapo Adesanya Nigeria’s campaign to win a fourth African Cup of Nations (AFCON) will see the Super Eagles face Cote d’Ivoire, Guinea-Bissau, and Equatorial Guinea in Group A of the 2023 tournament scheduled for early next year. The draw was held at the Parc Des Expositions in Abidjan, Cote d’Ivoire on Thursday. The 2023 AFCON tournament will be taking place in the country from January 13 to February 11, 2024. Nigeria were placed in Pot 2 ahead of the draw event attended by representatives of the participating teams, including the continent’s football legends like Mikel Obi, Taribo West, and

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By Aduragbemi Omiyale An innovative initiative called Omo Adugbo, designed to tackle the high rate of unemployment among youths across Nigeria, has been introduced by a foremost bookmaker, BetWGB. This schemed, which is part of the company to bridge the youth unemployment gap in the country, involves the provision of an outlet in each local government across the country to serve as the organisation’s contact office within the local area. By establishing these outlets across the country, BetWGB Nigeria aims to impact positively on the local economy and bridge the unemployment gap that has affected many young Nigerians. With a

Another round of league matches will take place in the Premier League, Serie A, and Laliga this weekend. The biggest match of the lot will be in the Premier League, where treble winners, Manchester City will face Arsenal at the Emirates Stadium. All the weekend action will be available to customers on DStv Compact and GOtv Supa+. Arsenal are yet to defeat Manchester City in a league match since Pep Guardiola came to England seven seasons ago. The gunners ran out of steam to finish second behind City last season, having topped the table for the majority of the campaign.

By Adedapo Adesanya  The Naira depreciated by N3 against the United States Dollar at the parallel market on Tuesday, selling at N363/$1 after trading at N360/$1 on Monday. In recent times, there have been rumours that the local currency would eventually be devalued due to the global economic crisis caused by the outbreak of coronavirus also known as COVID-19. This had led to some people mopping up forex in preparation of the unknown. At the black market, the Nigerian currency also lost N3 against the British Pound Sterling on Tuesday, trading at N475/£1 compared with N472/£1 it recorded on Monday.

By Dipo Olowookere The Minister of Agriculture and Rural Development, Mr Mohammad Sabo Nanono, has stressed the need for Nigeria to avert civil unrest caused by food insecurity and poverty. He said this has become very important as a result of the population growth rate of the nation, which he said was not at par with the agricultural productivity rate. According to him, there must be a balance between the two as Nigeria, which reportedly has a population of over 200 million, is projected to have 450 million people in the year 2050. While speaking at the unveiling of Sampea-20T

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) on yesterday raised the sum of N252.8 billion from the sale of treasury bills at the primary market. The exercise was largely embraced by investors as the bills offered for sale recorded fair oversubscriptions. However, Business Post reports that the stop rates slightly went down from the last exercise conducted about two weeks ago. The results showed that the central bank sold N6.01 billion worth of the 91-day bill at 12 percent, N69.57 billion worth of the 182-day instrument at 13.65 percent, and N177.22 billion worth of the 364-day bill at

By Modupe Gbadeyanka The first bi-monthly meeting of the Association of Industrial Pharmacists of Nigeria (NAIP) is scheduled to hold next week. Business Post reports that the event is slated for Thursday, February 16, 2017 at the MAN Centre in Wemabod Estate, Lagos by 10am. Theme of the occasion is ‘Nigerian Pharma Industry Economic Outlook’ and a subtheme of “The implications of the monetary and fiscal policies for the pharma industry in 2017’ with the 2017 budget in focus. Host of the programme is Mr Gbenga Falabi, who is the Chairman of NAIP. Guest speaker for the event is Mr

By Dipo Olowookere The prices of Premium Motor Spirit (PMS), also known as petrol, and Liquefied Petroleum Gas (LPG), also known as cooking gas, nationwide have dropped. This followed the sustained strategic intervention of the Nigerian National Petroleum Corporation (NNPC) in the efficient supply and distribution petroleum products across the country. A national survey by Oil and Gas Forum, NNPC’s weekly TV programme, indicated that in the last few weeks, the price of petrol has fallen steadily from N145 per litre to between N142 and N143 per litre in some stations across the country. The study showed that NNPC Mega

By Investors Hub The major U.S. index futures are pointing to a higher opening on Wednesday, with stocks likely to extend the strong upward move seen late in the previous session. Early buying interest may be generated in reaction to a report from payroll processor ADP showing stronger than expected private sector job growth in the month of October. The upbeat private sector jobs data is likely to generate optimism about the Labor Department?s more closely watched monthly jobs report due to be released on Friday. A positive reaction to earnings news from some big-name companies is also likely to

By Modupe Gbadeyanka International flows of trade, capital, information and people all intensified significantly for the first time since 2007; Mauritius is sub-Saharan Africa’s most connected country; Mozambique named as one of the countries where international flows most exceed expectations DHL released the fifth edition of the DHL Global Connectedness Index (GCI), a detailed analysis of globalization, measured by international flows of trade, capital, information and people. The new GCI report represents the first comprehensive assessment of developments in globalization across 169 countries and territories since the Brexit referendum in the United Kingdom and the 2016 presidential election in the

By Adedapo Adesanya The NASD Over-the-counter (OTC) Securities Exchange recorded a 0.01 per cent fall on Friday, September 23, as it dropped for the fourth straight day. This further dampened investors’ confidence. In the session, the bourse, which admits unlisted securities, recorded the decline following a loss recorded by Food Concepts Plc as the company saw its equity value drop 1 Kobo or 1.1 per cent to sell at 90 Kobo per unit versus the previous day’s 91 Kobo per unit. As a result, the market capitalisation of the NASD OTC exchange went south by N60 million to close at