By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange rebounded by 2.64 per cent on Thursday following the price appreciation reported by Aradel Holdings Plc. The energy firm chalked up N170 during the trading session to settle at N1,870.00 per share, in contrast to the N1,700.00 per share it traded a day earlier. The improvement in the share price of the company moved the market capitalisation of the bourse higher by N36.93 billion at the close of transactions to N1.434 trillion from the N1.397 trillion it quoted in the midweek session. In the same vein, the NASD Unlisted Se ..read more

By Adedapo Adesanya The Naira plunged against the US Dollar by N70 in the parallel market segment of the foreign exchange (FX) market on Thursday to settle at N1,120/$1, in contrast to Wednesday’s closing price of N1,050/$1. Similarly, it had a bad day in the Nigerian Autonomous Foreign Exchange Market (NAFEM), which is the official market, as it slumped against the greenback by 7.6 per cent or N7.78 to close at N1,154.08/$1 compared with the previous day’s value of N1,072.74/$1. However, the Nigerian currency close flat against the British Pound Sterling and the Euro in the spot market yester ..read more

Discover the seamless way to leap into the world of online betting with our comprehensive guide to using the 1Win app specifically tailored for South African users. From easy account setup, quick deposit methods, enticing welcome bonuses to ongoing promotions, and unparalleled support services, this piece is your all-in-one resource to start your successful betting journey in South Africa. Discover Excitement with 1Win App In South Africa, the appetite for online gambling has been steadily growing, reflecting a global trend where the thrill of the game meets the convenience of accessibility. H ..read more

By Adedapo Adesanya  Crude oil slumped on Thursday as investors weighed mixed US economic data, US sanctions on Venezuela and Iran and easing tensions in the Middle East. During the session, Brent futures fell by 18 cents or 0.2 per cent to $87.11 per barrel, while the US West Texas Intermediate (WTI) crude futures went down by 4 cents or 0.1 per cent to $82.73 per barrel. In the US, the world’s largest oil consumer, the number of Americans filing new claims for unemployment benefits was unchanged at a low-level last week, pointing to continued labour market strength. Another report ..read more

By Aduragbemi Omiyale The proposed merger among NASCON Allied Industries Plc, Dangote Sugar Refinery Plc, and Dangote Rice Limited has been suspended. The unification of the trio into an entity was disrupted by the observation of the Securities Exchange Commission (SEC) on the operational status of Dangote Rice Limited. Business Post reports that the three organisations are controlled by a single person, Mr Aliko Dangote, the richest man in Africa. He intends to make the firms operate as an entity for more efficiency, but as things stand, he might have to wait longer than expected. In a regula ..read more

By Adedapo Adesanya  The Federal Competition and Consumer Protection Commission (FCCPC) has initiated a campaign to enforce price display and quantity compliance at supermarkets throughout Abuja, Federal Capital Territory (FCT), which is the pilot state. The commission started this at 4U Supermarket, Wuse 2 Abuja. The move is a direct response to concerns raised by consumers about the rising costs of goods, which go against the recent strengthening of the Naira. The local currency has gained over 50 per cent on the American currency, which dictates price movement based on imports. However ..read more

By Modupe Gbadeyanka The former Governor of Kogi State, Mr Yahaya Bello, has been declared wanted by the Economic and Financial Crimes Commission (EFCC). The chieftain of the ruling All Progressives Congress (APC) was absent in court on Thursday when he was to be arraigned by the anti-money laundering agency over allegations of embezzling about N80.3 billion while he was in office as the Governor of Kogi State for eight years. Officials of the EFCC had stormed his Abuja residence on Wednesday but he was allegedly whisked away by his successor, Mr Usman Ododo. When did not appear in court ..read more

By Adedapo Adesanya The Nigerian Content Development and Monitoring Board (NCDMB) has received a return on investment (ROI) valued at $1 million from Nedogas Development Company Limited (NDCL) following one of the board’s strategic investments in the oil and gas sector. The cheque was presented to the Executive Secretary of the agency, Mr Felix Omatsola Ogbe, by the Nedogas Chairman, Mr Emeka Ene, when he visited the Nigerian Content Tower in Yenagoa, Bayelsa State. The partnership with Nedogas, one of NCDMB’s 15 strategic investments is geared towards actualizing the federal government’s aspi ..read more

By Adedapo Adesanya The National Information Technology Development Agency (NITDA) and the National Identity Management Commission (NIMC) have announced a collaboration on National Public Key Infrastructure (PKI) and Digital Public Infrastructure (DPI) to enhance and create synergy between digital identity, payment ecosystem, and secure and seamless data exchange capabilities for Nigeria. According to a statement, this is part of efforts to further strengthen Nigeria’s digital economy in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda. During the meeting between the Director-Genera ..read more

By Otori Emmanuel Startups come into existence to solve a particular problem in society. Every startup aims to be a worthy investment in the eyes of its potential investors. A startup’s business end goal is to be valuable and have the ability to always connect to its end users. What is a startup business? A startup is an entity that engages in the introduction of new products or services. It either creates a new market or paves into an existing market. The majority of the startups in the world are mainly technology-based. Only a few deal on industry specifics or retail ..read more