Adedapo Adesanya

Lagos

Journalist, Researcher at Business Post Nigeria

journalist. knows things & tweets: obscurities & varied interests.

Articles

FIRS to Start Weekend Operations to Meet Tax Filing Deadline |

1 week ago | businesspost.ng | Adedapo Adesanya

By Dipo OlowookereThe Nigerian Exchange (NGX) Limited regained 1.63 per cent on Wednesday as banks began to update the investing community on their plans to exit the forbearance regime of the Central Bank of Nigeria (CBN). A few days ago, the banking sector regulator suspended the payment of dividend to shareholders, issuance of bonuses to directors and investment in foreign subsidiaries until affected financial institutions cleaned up their balance sheet.
Oil Prices up as Market Weighs Direct US Involvement in Iran-Israel Rift

1 week ago | businesspost.ng | Adedapo Adesanya

By Adedapo AdesanyaOil prices remained elevated on Wednesday as investors continued to weigh the chances of supply disruptions from the Iran-Israel conflict and potential direct involvement of the United States. Brent crude gained 25 cents to close at $76.70 per barrel and the US West Texas Intermediate (WTI) crude rose by 30 cents to trade at $75.14 a barrel.
UK Reaffirms Support for Inclusive Growth in Manufacturing, Agribusiness,

1 week ago | businesspost.ng | Adedapo Adesanya

By Adedapo AdesanyaThe British Deputy High Commissioner, Mr Jonny Baxter, has reaffirmed the United Kingdom’s commitment to supporting inclusive economic growth and sustainable development across Nigeria as the country navigates rising energy costs and the growing urgency of the climate crisis.
Telcos Begin Deduction of USSD Banking Service Fees from Airtime Balance

1 week ago | businesspost.ng | Adedapo Adesanya

By Adedapo AdesanyaThe House of Representatives is investigating the N1.12 trillion spent on the Anchors’ Borrowers Programme (ABP) of the Central Bank of Nigeria (CBN) alongside the NIRSAL Microfinance Bank for N215 billion spent on agro-businesses, as well as the Bank of Industry (BoI) for disbursing N3 billion to 22,120 smallholder farmers through the Agriculture Value Chain Financing Programme.
Reps Probe CBN's Anchors' Borrowers Programme, NIRSAL, BoI |

1 week ago | businesspost.ng | Adedapo Adesanya

By Adedapo AdesanyaThe House of Representatives is investigating the N1.12 trillion spent on the Anchors’ Borrowers Programme (ABP) of the Central Bank of Nigeria (CBN) alongside the NIRSAL Microfinance Bank for N215 billion spent on agro-businesses, as well as the Bank of Industry (BoI) for disbursing N3 billion to 22,120 smallholder farmers through the Agriculture Value Chain Financing Programme.
IPMAN Changes Tone, Hails Dangote's Distribution Move | Business

1 week ago | businesspost.ng | Adedapo Adesanya

By Adedapo AdesanyaDangote Refinery will begin to export premium motor spirit (PMS), also known as petrol, with the first destination bound for Asia this month. According to Reuters, a 90,000 metric ton cargo of petrol from the refinery will be sold out of the region for the first time and bound for the Asian continent, without specifying which country.
Dangote Refinery to Begin Export of Petrol to Asia | Business Post

1 week ago | businesspost.ng | Adedapo Adesanya

By Adedapo AdesanyaDangote Refinery will begin to export premium motor spirit (PMS), also known as petrol, with the first destination bound for Asia this month. According to Reuters, a 90,000 metric ton cargo of petrol from the refinery will be sold out of the region for the first time and bound for the Asian continent, without specifying which country.
Regulatory Forbearance Directive Only for Limited Banks—CBN | B

1 week ago | businesspost.ng | Adedapo Adesanya

By Adedapo AdesanyaThe Central Bank of Nigeria (CBN) has clarified that the recent moves regarding regulatory forbearance is limited to limited banks. A few days ago, the CBN issued a directive to banks in the country, particularly those in possible distress, prohibiting them from paying dividends to shareholders and issuing bonuses to directors. This development led to the banking index recording losses over the last two days at the Nigerian Exchange (NGX) Limited.
NASD Index Jumps 1.00% as Four Stocks Gain

1 week ago | businesspost.ng | Adedapo Adesanya

By Adedapo AdesanyaThe Naira appreciated against the United States Dollar by N0.59 per cent or N9.28 in the Nigerian Autonomous Foreign Exchange Market (NAFEM) segment on Tuesday, June 17 to N1,545.29/$1 from the previous day’s value of N1,554.57/$1.
Naira Appreciates 0.59% to N1,545 Per Dollar at Official Market |

1 week ago | businesspost.ng | Adedapo Adesanya

By Adedapo AdesanyaThe Naira appreciated against the United States Dollar by N0.59 per cent or N9.28 in the Nigerian Autonomous Foreign Exchange Market (NAFEM) segment on Tuesday, June 17 to N1,545.29/$1 from the previous day’s value of N1,554.57/$1.