Business
Bitcoin Jumps 10% as Trump Promises U.S. to Help Crypto’s Growth
Bitcoin increases with 10% and crypto-related stocks see gains, due to Donald Trump’s stance and win in the 2024 presidential election. Trump also promises to improve bitcoin with a new strategy and the markets now boost with this promise.
Trump was once considered a scam for accepting bitcoin and there was doubt about the finance but has now made a positive impact on bitcoin and gathered investors. Crypto now has a huge boost with prices soaring and investors taking interest in this.
Business
Dangote Petroleum Refinery Begins Exportation Of Products To Neighbouring West African Countries
Dangote Petroleum Refinery begins exportation of products to neighbouring West African countries. A report was made that the Dangote refinery just shipped gasoline to the coast of Togo, West Africa. Although the shipment of the gasoline is going to the coast of Togo it can also be taken somewhere else in West Africa.
Chairman of NPA, Ghana speaks at the OTL Africa Downstream Oil Conference in Lagos states that importing from Nigeria reduces prices and freight costs for them rather than importing from Europe.
“If the refinery reaches 650,000bpd a day capacity, all that volume cannot be consumed by Nigeria alone, so instead of us importing as we do right now from Rotterdam, it will be much easier for us to import from Nigeria and I believe that will bring down our prices,”
FBN Holdings shareholders approve the plan of raising #350billion in additional capital and also changing its brand name. These discussions happened in the Annual General Meeting (AGM) and were submitted to the Nigerian Exchange Limited.
The Shareholders also approved of a dividend payment of 40 kobo per 50 kobo ordinary share, which will result to #14.36 billion for 2023 financial year.
This capital raise will include issuing shares, private placements or right issues concluded and approved by the board of directors. It will align with the initiate to raise #150 billion issues by the Central Bank of Nigeria.
Concerns have been raised by The Central Bank of Nigeria (CBN) and the Ministry of Finance, concerning the Investment and Securities Bill which was proposed. The bill aims to replace 2007 Act and to update capital market regulations.
The CBN representative, Dr Tukur at the National Assembly hearing, opposed to the granting of the Securities and Exchange Commission over the public companies.
The Finance Minster, Wale Edun also emphasize on the impact of the bill and the provision it will offer the SEC board members. However the SEC Director General defended the bill and stated it has a benefitting role in Nigeria’s capital market globally.
ACF Criticizes Tinubu’s Policies, Highlights Northern Challenges
Man Found Dead in Ogun Hotel After Returning from the U.S.
Tinubu Sacks UNIZIK Council Due to Irregular Appointments
AI Avatar Design: A Low-Competition Fiverr Keyword for New Freelancers
“Egg Prices Could Soar to N10,000 per Crate” – Poultry Farmers Warn
Abba Kyari, Suspended Deputy Commissioner of Police, Denied Bail and Returned to Prison
-
Entertainment18 hours agoChidimma Adetshina Decides To Quit Pageantry After Success in Miss Universe Contest
-
Entertainment18 hours agoApple Music Crowns Kendrick Lamar The Rapper Of The Year Even Without Album
-
News23 hours agoSpaceX Prepares for Another Historic Starship Test Flight
-
Entertainment24 hours agoTiwa Savage Reveals She Returned a Range Rover Gift After Rejecting the Sender
-
Sport23 hours agoMessi Breaks All-Time Assist Record After Helping Argentina to 1-0 Win Over Peru
-
News20 hours agoMan Rejects Court Ruling Clearing Jigawa Commissioner of Adultery
-
Sport23 hours agoChelsea Signs 17-Year-Old Brazilian Star Estevao Willian and Plans Attack Shake-Up
-
News23 hours agoEdo Governor Suspends Market Unions to Tackle Rising Food Prices