AIICO Insurance Lists Additional 4.4 billion Shares on NSE

By Bliss Okperan A lady who reviewed a product of Erisco Foods Limited, Nagiko Tomato Mix, Mrs Chioma Egodi, has threatened to demand the sum of N500 million from the chief executive of the company, Mr Eric Umeofia, for violating her fundamental human rights. Mrs Egodi said she purchased the product at the market with the intention of using it to cook stew for her family. However, when she tasted it, according to her, it tasted too much sugar, prompting her to post about it on Facebook. It was reported that Erisco was not happy with the negative review. She

By Modupe Gbadeyanka Nigeria’s business activity improved in September despite cost pressures limiting demand, according to the latest Purchasing Managers’ Index (PMI) released by Stanbic IBTC Bank Plc. The lender said in the period under review, the private sector had a reading of 51.1 points compared with the 50.2 points achieved in August 2023. It was the rise in business activity in the country was influenced by the growth in order, though the rates of expansion in each were only modest. New orders increased for the sixth month running in September as some firms signalled an improvement in demand. While

By Adedapo Adesanya  The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has vowed to down tools and shut down all oil field locations if demands following the acquisition of Nigerian Agip Oil Company (NAOC) are not met. Business Post had reported in September that Oando Plc had acquired a 100 per cent stake in the Nigerian subsidiary of Italian giant, Eni. However, the deal allegedly happened without management addressing the welfare and benefits of the workers and without due process. The development has led to several protests by members of PENGASSAN since the beginning of September 2023.

In order to effectively monitor activities of oil marketers in Yobe State and its environs, the Department of Petroleum Resources (DPR) is considering establishing an office in the state. The North East Zonal Operations Controller of the agency, Mr Idris Zoaka, hinted that the proposed office of the department to be situated in Damaturu, the state capital, will commence operation by December, or latest, January 2020. During a sensitisation and inspection tour of petrol stations in the state, Mr Zoaka lamented that most of them do not have serviceable fire extinguishers, adding that they had been warned to do the

By Dipo Olowookere The average yields of treasury bills at the secondary market went down on Wednesday by 0.05 percent to settle at 2.87 percent on the back of buying pressure witnessed at the session. It was observed that yields declined across most of the tenors monitored during the midweek trading day. An analysis of the day’s transactions showed that only the one-month maturity recorded a rise in yield. The bucket appreciated by 0.20 percent to 2.27 percent from 2.07 percent it closed on Tuesday. Yield on the three-month maturity fell by 0.25 percent to 2.15 percent to 2.40 percent,

By Modupe Gbadeyanka On Monday, the first Lagos chapter of the National Association of Small Scale Industrialists – Micro Small and Medium Enterprises (NASSI – MSME) Trade Fair commenced at Alausa, Ikeja. The event was declared open by the Commissioner for Commerce, Industry and Cooperatives in the state, Prince Rotimi Ogunleye. During his speech, the Commission assured of the Lagos State government commitment towards improving small business enterprises in the state until their transformation from micro to large scale business. Mr Ogunleye said that Lagos remains committed to making small-scale industrialists globally competitive as well as ensure its steadfastness on

By Dipo Olowookere Mrs Oluwatobiloba Ojediran has been announced as the acting Chief Financial Officer (CFO) of Transcorp Hotels Plc. She has been picked by the company to replace Mr Adekunle Elumaro. A statement issued by the hospitality firm to the Nigerian Stock Exchange (NSE) on Tuesday disclosed that the appointment of Mrs Ojediran will become effective from Saturday, December 14, 2019. “Transcorp Hotels Plc hereby formally notifies the investing public and the exchange of the appointment of Mrs Oluwatobiloba Ojediran with effect from December 14, 2019. She replaces Mr Adekunle Elumaro as the Chief Financial Officer of the company,”

By Dipo Olowookere Nigeria’s House of Representatives has threatened to stop the sale of 9mobile after Executive Vice Chairman of the Nigerian Communications Commission (NCC), Mr Umar Dambatta, said his agency was yet to receive the $50 million reported in the media to have been paid by Teleology Holdings Limited as deposit for being the preferred bidder. During a hearing organised by the lower parliament, Chairman of House Committee on Telecommunications, Mr Saheed Fijabi, stressed that the sale may likely be restarted because of issues arising from the bidding process. The committee inaugurated a panel to address petitions and concerns

By Adedapo Adesanya Analysis of Nigeria’s total merchandise trade shows that the country recorded an improved trade balance between April and June 2022. A nation has a trade surplus if its exports are greater than its imports; and in Nigeria’s case, the imports are mainly higher than exports, meaning that the nation has a trade deficit. However, the country’s total merchandise trade dropped by 1.2 per cent to N12.8 trillion in the second quarter of 2022 from N13.0 trillion in the first quarter of the year, according to the National Bureau of Statistics(NBS) Foreign Trade in Goods Statistics Report for

By Dipo Olowookere UPDC Real Estate Investment Trust (REIT) was the highest price gainer last after it appreciated by 32.53 per cent to close at N5.50 per cent. The company was among the 27 equities that appreciated in price during the week, higher than the 21 equities in the previous week. The second highest weekly price gainer was Neimeth International Pharmaceuticals, which grew by 12.03 per cent to finish at N2.70 per unit, while the third place was occupied by NCR Nigeria, which gained 10.00 per cent to end at N1.98 per share. 11 Plc appreciated by 9.89 per cent

From fridges to coffee makers, these are 5 germ traps in your kitchen. We all want our homes to feel sparkly clean, but there are some areas that may not be making it onto your household chores list. Aisha Pandor, whose on-demand home services company SweepSouth helps people to keep their homes spotless, lists the places we often forget to clean. In a study by global health organisation NSF International looking at where the highest concentration of germs can be found in the average household, three of the top five germ hot spots were in the kitchen – which leads