Ardova, Others Lift Stock Market by 0.19%

By Adedapo Adesanya The federal government has exempted imported Liquefied Petroleum Gas (LPG) and its equipment from the payment of customs duty and value-added tax (VAT), a move expected to result in a drop in the cost of cooking gas in the country and bring much-needed succour to Nigerians. This was disclosed by the Minister of Finance, Mr Wale Edun, in a letter (dated November 28, 2023) to the Special Adviser to the President on Energy; the Comptroller-General of the Nigeria Customs Service (NCS); and the Chairman of the Federal Inland Revenue Service (FIRS). Recall that in 2019, the federal

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.6 per cent appreciation on Friday, December 8, as investors gained about N19.12 billion to push the valuation of the unlisted bourse to N1.202 trillion from the N1.182 trillion it closed in the preceding session. This achievement was influenced by the gains recorded by the trio of Aradel Holdings Plc, FrieslandCampina Wamco Nigeria Plc, and Central Securities Clearing System (CSCS) Plc. Data showed that Aradel Holdings Plc improved its value by N30 to settle at N900.00 per unit compared with the previous day’s N870.00 per unit, FrieslandCampina Wamco Nigeria

By Adedapo Adesanya The Naira recovered from the previous day’s loss after closing stronger against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Thursday, December 7, by 11.4 per cent or N108.15 to trade at N843.07/$1 compared with the previous day’s rate of N951.22/$1. This occurred as the value of foreign exchange (FX) transactions slightly increased during the session by $1.67 million or 39.5 per cent to $137.25 million from the $135.58 million achieved in the preceding trading session. Similarly, in the official market, the Nigerian Naira strengthened against the British Pound Sterling on Thursday by

By Sodeinde Temidayo David The Alliance for Green Revolution in Africa (AGRA), an organisation that seeks to transform African agriculture from a subsistence model to strong businesses that improve the livelihoods of the continent’s farming households, has unveiled a new platform called Agribusiness Dealroom to facilitate sharing of ideas, initiatives and investment opportunities between the private and the public sector. The platform was officially launched at the Agribusiness Dealroom summit 2021 in Abuja on Tuesday and is set to take practical actions and share lessons that will move African agriculture forward. This new initiative was established by the African Green

By Adedapo Adesanya Brent crude prices rose by $1.16 or 1.9 per cent to $88.59 per barrel on Friday, buoyed by expectations of tightening supplies, as the US West Texas Intermediate crude (WTI) grew by $1.39 or 1.8 per cent to $85.02 per barrel. Saudi Arabia is widely expected to extend a voluntary 1 million barrel per day oil production cut into October. This move will prolong supply curbs introduced by the Organization of the Petroleum Exporting Countries (OPEC) and allies (OPEC+) to support prices. Russia, the world’s second-largest oil exporter, has already agreed with OPEC+ partners to cut oil

By Adedapo Adesanya Crude oil rose on Thursday after falling for three straight sessions, as it outweighed a weaker US Dollar while China’s central bank sought to bolster the economy following recent concerns. The international crude benchmark, Brent crude futures, rose 67 cents or 0.8 per cent to $84.12 a barrel, while the US West Texas Intermediate crude (WTI) was up $1.01 or 1.3 per cent at $80.93 a barrel. Worries about China’s embattled economy and the potential for further increases in U.S. interest rates have depressed the market in the last few days but moves by the Chinese government

By Dipo Olowookere Three European countries; France, Germany and Italy, have unanimously emphasised that the Paris Climate Accord would not be renegotiated as being imagined by the United States President, Mr Donald Trump. Mr Trump had on Thursday announced the withdrawal of America from the treaty, sparking worldwide outrage even from his own party members and citizens. The American President said during his speech that the US would only be part of the agreement if it was renegotiated to favour his country. But in a joint statement yesterday, France, Germany and Italy expressed regret over the US President’s decision to

By Adedapo Adesanya The Lagos State Government has launched an initiative aimed at prompting a new pattern of production and consumption involving producing, repairing, and recycling used materials. With the launch of Circular Economy Hotspot in Lagos on Wednesday, Governor Babajide Sanwo-Olu said the state is pioneering the transformation of the current production order towards regeneration and sustainability. The circular economy is based on the regeneration of products for continuing production in a sustainable and environmentally-friendly manner. Mr Sanwo-Olu said the idea was critical to the future of Nigeria, noting that a circular economy would proffer a programmatic approach to

By Modupe Gbadeyanka Despite the harsh economic environment it operated last year, one of the leading oil and gas firms in Nigeria, Total Plc, recorded a strong performance. According to its financial statements for the year ended December 31, 2016, the company posted a profit after tax of N14.797 billion from N4.047 billion it achieved in December 2015. During the period under review, Total Nigeria Plc said it made a total of N290.952 billion in revenue in contrast to N208.027 billion it recorded in 2015, representing an increase in revenue by 40 percent. Also, the financial results pointed out that

By Dipo Olowookere Over 4,000 stranded migrants have been assisted so far in 2017 by IOM Libya through its voluntary humanitarian return (VHR) programme. It was gathered that the latest return was last Thursday (25 May), when IOM helped 165 stranded migrants – 145 men and 20 women – return home to Nigeria. Among the passengers were three unaccompanied children and two female medical cases. Also on 25 May, two stranded Ethiopian migrants were also able to return home on commercial flights. Two days earlier, on 23 May, IOM helped 171 stranded migrants – 166 men and five women –

By Hyther Nizam In today’s hyperconnected world, a bad shopping experience can drive a potential consumer to a competitor. While product and pricing used to be sufficient to separate a business from its competitors, this is no longer the case. Today’s consumers place a premium on speed, convenience, and professional and friendly service. According to a 2018 PwC survey, consumers are willing to pay a premium for an amazing customer experience, and disgruntled customers are much more inclined to transfer their business elsewhere than to seek to remedy a terrible experience. When people talk about customer experience, they frequently refer