Economy
5 Ways to Have Fun on Business Trip to Port Harcourt
By Nkem Ndem
At first, business travel seems to be a treat as the first trip gives a certain rush; however, after hundreds of last minute trips and thousands of stress-induced panic attacks, you start to realize why people complain about traveling for work.
Between the early-morning airport shuttles, the flight delays that airlines are famous for, followed by a whirlwind day of meetings, and a long night on an extremely uncomfortable hotel bed that leaves you threading through deadlines like a zombie, business travel can be quite a chore!
Business, like social media, should be fun. In the pursuit to add some motivation and enjoyment into business travel, Jumia Travel, has pulled together 5 exciting ways to make business travel fun especially for those heading to Port Harcourt, Nigeria.
Hit the streets for food
When in Port Harcourt… eat like a local, right? Do not miss out on famous indigenous meals and street food in the city. You might not like them, but what’s wrong with trying new things? Try booli and fish, a popular meal you will find almost at every corner of the city. At nights you can also try sharwarma or just the Nigerian popular Suya . Be brave and try the local drinks as well, just be careful not to get too drunk – working with a headache and a hangover probably won’t leave the best impression at your presentation or business meeting.
Check out the sights
What is the point of traveling if you do not take a little time to explore your destination? Port Harcourts may not be much for tourist sites and attractions but if you ask one of two locals, they certain will boast about a couple of locations. Have an hour or two to kill in-between meetings or events? Why not explore a nearby historic district? Explore and find the most interesting sights. Whatever you choose, make sure you do not miss the famous landmarks, famous buildings, museums, or anything else that piques your interest. Enjoy soaking up local culture and learning something new.
Eat at a fancy restaurant
Of course, most of the time should be focused on being more professional than others while on a business trip, but once the business part of your trip is over, you should plan the rest of your moments having a good time. If you are not a huge fan of shopping or sight-seeing, you can at least treat yourself with a nice dinner at a fancy restaurant. Trust us, it will be worth it. Ante up for a dinner at Hotel Presidential, where the chef’s menu has expense-account-worthy items you would not regret splurging on. If you want to take things down a notch, try heading to Uhuru at the GDC building, GRA, where staff are more down-to-earth.
Take a dip in the hotel pool
A dip in the pool is such a nice way to loosen up your muscles from the long cramped flights and different hotel beds. Take advantage of your hotel’s pool, if applicable. Enjoy relaxing poolside with a cocktail after a hectic day. If you love to swim, why not see what the hotel pool has to offer? You could also go for a swim in the morning before your day starts as a refreshing wake-up.
Visit the Spa
Business trips often revolve only around business, implying a lot of stress, little time for yourself, running around all day long and wearing uncomfortable formal outfits. But then, there is no reason not to make the most out of the spa in your hotel or go an extra mile to check out the plethora of spa centers in Port Harcourt city. A 50-minute basic spa treatment in most sanatoriums within the city blends a hydrating scrub, detoxifying steam, and some much-needed alone time.
Nkem Ndem is a PR Associate at Jumia Travel.
Economy
Afriland Properties, Geo-Fluids Shrink OTC Securities Exchange by 0.06%
By Adedapo Adesanya
The duo of Afriland Properties Plc and Geo-Fluids Plc crashed the NASD Over-the-Counter (OTC) Securities Exchange by a marginal 0.06 per cent on Wednesday, December 11 due to profit-taking activities.
The OTC securities exchange experienced a downfall at midweek despite UBN Property Plc posting a price appreciation of 17 Kobo to close at N1.96 per share, in contrast to Tuesday’s closing price of N1.79.
Business Post reports that Afriland Properties Plc slid by N1.14 to finish at N15.80 per unit versus the preceding day’s N16.94 per unit, and Geo-Fluids Plc declined by 1 Kobo to trade at N3.92 per share compared with the N3.93 it ended a day earlier.
At the close of transactions, the market capitalisation of the bourse, which measures the total value of securities on the platform, shrank by N650 million to finish at N1.055 trillion compared with the previous day’s N1.056 trillion and the NASD Unlisted Security Index (NSI) went down by 1.86 points to wrap the session at 3,012.50 points compared with 3,014.36 points recorded in the previous session.
The alternative stock market was busy yesterday as the volume of securities traded by investors soared by 146.9 per cent to 5.9 million units from 2.4 million units, as the value of shares transacted by the market participants jumped by 360.9 per cent to N22.5 million from N4.9 million, and the number of deals increased by 50 per cent to 21 deals from 14 deals.
When the bourse closed for the day, Geo-Fluids Plc remained the most active stock by volume (year-to-date) with 1.7 billion units valued at N3.9 billion, followed by Okitipupa Plc with 752.2 million units worth N7.8 billion, and Afriland Properties Plc 297.5 million units sold for N5.3 million.
Also, Aradel Holdings Plc, which is now listed on the Nigerian Exchange (NGX) Limited after its exit from NASD, remained the most active stock by value (year-to-date) with 108.7 million units sold for N89.2 billion, trailed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 297.5 million units worth N5.3 billion.
Economy
Naira Weakens to N1,547/$1 at Official Market, N1,670/$1 at Black Market
By Adedapo Adesanya
The euphoria around the recent appreciation of the Naira eased on Wednesday, December 11 after its value shrank against the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) by N5.23 or 0.3 per cent to N1,547.50/$1 from the N1,542.27/$1 it was valued on Tuesday.
It was observed that spectators’ activities may have triggered the weakening of the local currency in the official market at midweek as they tried to fight back and ensure the value of funds in foreign currencies strengthened.
The domestic currency was regaining its footing after the Central Bank of Nigeria (CBN) launched an Electronic Foreign Exchange Matching System (EFEMS) platform to tackle speculation and improve transparency in Nigeria’s FX market.
At midweek, the Nigerian currency depreciated against the Pound Sterling by N3.56 to close at N1,958.68/£1 compared with the preceding day’s N1,955.12/£1 and against the Euro, it slumped by 34 Kobo to trade at N1,612.66/€1, in contrast to the previous session’s N1,613.00/€1.
As for the black market segment, the Naira lost N45 against the American currency during the session to quote at N1,670/$1 compared with the N1,625/$1 it was traded a day earlier.
A look at the cryptocurrency market showed a recovery following profit-taking as the US Consumer Price Index report matched economist forecasts.
The news was enough to convince traders that the Federal Reserve is certain to trim its benchmark fed funds rate another 25 basis points at its meeting next week.
The move also saw Bitcoin (BTC), the most valued coin, return to the $100,000 mark as it added a 2.9 per cent gain and sold for $100,566.12.
The biggest gainer was Cardano (ADA), which jumped by 15.00 per cent to trade at $1.16, as Litecoin (LTC) appreciated by 10.4 per cent to sell for $121.76, and Ethereum (ETH) surged by 7.0 per cent to $3,929.30, while Dogecoin (DOGE) recorded a 6.7 per cent growth to finish at $0.4181.
Further, Binance Coin (BNB) went up by 5.2 per cent to $716.72, Solana (SOL) expanded by 4.6 per cent to $229.77, and Ripple (XRP) increased by 4.2 per cent to $2.43, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 apiece.
Economy
Dangote Refinery Makes First PMS Exports to Cameroon
By Aduragbemi Omiyale
The Dangote Refinery located in the Lekki area of Lagos State has made its first export of premium motor spirit (PMS) just three months after it commenced the production of petrol.
In September 2024, the refinery produced its first petrol and began loading to the Nigerian National Petroleum Company (NNPC) on September 15.
However, due to some issues, the facility has not been able to flood the local market with its product, forcing it to look elsewhere.
In a landmark move for regional energy integration, Dangote Refinery has partnered with Neptune Oil to take its petrol to neighbouring Cameroon.
Neptune Oil is a leading energy company in Cameroon which provides reliable and sustainable energy solutions.
Dangote Refinery said this development showcases its ability to meet domestic needs and position itself as a key player in the regional energy market, adding that it represents a significant step forward in accessing high-quality and locally sourced petroleum products for Cameroon.
“This first export of PMS to Cameroon is a tangible demonstration of our vision for a united and energy-independent Africa.
“With this development, we are laying the foundation for a future where African resources are refined and exchanged within the continent for the benefit of our people,” the owner of Dangote Refinery, Mr Aliko Dangote, said.
His counterpart at Neptune Oil, Mr Antoine Ndzengue, said, “This partnership with Dangote Refinery marks a turning point for Cameroon.
“By becoming the first importer of petroleum products from this world-class refinery, we are bolstering our country’s energy security and supporting local economic development.
“This initial supply, executed without international intermediaries, reflects our commitment to serving our markets independently and efficiently.”
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