Average Price of Petrol Further Drops to N164.85/L

By Aduragbemi Omiyale An application and proprietary solution for micro, small and medium-sized enterprises (MSMEs) in Nigeria, known as Aleph Express, has been launched by Aleph Group. A statement from the firm explained that Aleph Express provides a platform for MSMEs to create and maintain a free e-commerce website, create a product catalogue, set local delivery options, manage, record and process orders while gaining meaningful insights to drive growth. The platform also provides one unified inbox that integrates WhatsApp, Messenger, and Instagram, to enable businesses to efficiently engage and sell – all in one place. In addition, Aleph Express provides

By Bliss Okperan Nigeria recorded an improvement in its trade surplus in the third quarter of 2023, according to data released by the National Bureau of Statistics (NBS), which was analysed by Business Post. The agency disclosed that in the period under review, the total value of exports stood at N10.347 trillion, while imports stood at N8.458 trillion, leaving the total value of trades at N18.802 trillion, 60.78 per cent higher than the N6.435 trillion achieved in the second quarter of 2023. Analysis showed that between July and September 2023, the country, which prides itself as the biggest economy in

By Adedapo Adesanya The Nigeria Labour Congress (NLC) has said it would ensure that the next national minimum wage to be negotiated in 2024 reflects the prevailing cost of living. The union also lamented that following the removal of fuel subsidy by the federal government, life has become extremely unbearable for workers. Addressing participants at the opening of the 19th edition of the NLC’s Harmattan School in Abuja, President of the NLC, Mr Joe Ajaero, said it had become necessary for governments at all levels to recognise that life and living conditions were exceedingly difficult, especially for working people in

By Dipo Olowookere Profit-taking activities brought back the bears to the floor of the Nigerian Exchange (NGX) Limited on Monday as investors rebalanced their portfolios. It was observed that traders at Customs Street booked profits in shares mostly in the industrial goods sectors like BUA Cement and Lafarge Africa. This resultantly brought down the local stock market by 0.66 per cent at the close of transactions, with the industrial goods space losing 4.21 per cent, the insurance counter declining by 0.28 per cent, and the energy sector falling by 0.01 per cent. However, the consumer goods index improved yesterday by

By Modupe Gbadeyanka Nigerians have been advised to key into the ongoing Initial Public Offering (IPO) of Skyway Aviation Handling Company (SAHCO) Plc because they are sure of better return on their investment. Speaking recently at the firm’s fact behind its IPO at the Nigerian Stock Exchange (NSE), Managing Director/Chief Executive Officer of SAHCO, Mr Basil Agboarumi, said the company was beyond liquidity challenges as it had grown revenue by over 100 percent since its privatisation. Mr Agboarumi, who was represented by the company’s Executive Director in charge of Sales and Marketing, Mr Olaniyi Adigun, explained that the sale of

By Dipo Olowookere Investing in stocks is a profitable business if you understand the market very well, but when you fail to know trends, you might bite your fingers very hard like some did in 2008 during the market crash. Next year, Nigerians head to the polls to elect new leaders and representatives and the polity is already building up. Already, happenings in the political scene have been hitting the stock market and as the year runs out, more effect would be felt by the market. However, analysts at Zedcrest Research have highlighted some political risks that may have huge

By Dipo Olowookere The management of the Nigerian Stock Exchange (NSE) has completed a broadcasting deal with Continental Broadcasting Service limited (CBS), the parent company of Television Continental (TVC), to transmit market activities live from the floor of the NSE on the television channel. The deal, according to information gathered by Business Post, was signed last week between managements of both organisations. It was further learnt that TVC, under the agreement, will run live daily commentaries of major developments on the NSE and the Nigerian capital market at large. The station will in addition create a programme titled, ‘The Market

By Adedapo Adesanya The Nigeria National Petroleum Corporation (NNPC) has delayed publishing its future oil export plans as it negotiates with local companies and international stakeholders about how to cut output in line with a global deal that will see 10 percent cut in daily production globally. This was disclosed by Reuters which cited trading sources on Monday, April 27. Official selling prices (OSPs) for Nigerian oil grades for the month of June, which are usually issued in the second or third week of each month, had still not been issued as at press time on Monday. And as cut

FBNBank UK, a member of First Bank of Nigeria Limited, painted London blue as it celebrated its 40th anniversary themed Partnership Beyond Borders on Friday, November 11, 2022. The event, which had customers, members of government functionaries and the diplomatic community, regulators, and captains of industries in attendance, was convened to appreciate the patronage and support the Bank had received since it opened its doors in the United Kingdom 40 years ago. As key stakeholders, they were instrumental in establishing the bank as an important gateway to connect international markets in Africa, Europe and the rest of the world to

By Kester Kenn Klomegah Local and foreign media have stepped up reports about rising COVID-19 infections in Russia. While the reports indicated high deaths in the country, the other highlighted new trends that are noticeably appearing there. Interestingly, directors at the Russian tourism and travel agencies say that many Russians are lining up for vaccine tourism in Serbia, Bulgaria and Germany and a few other foreign countries. These Russians aim at getting foreign vaccines including Pfizer, Moderna and Johnson & Johnson and AstraZeneca. Here are a few facts about Russian vaccines. Russia’s Sputnik V was the first officially registered coronavirus

By Modupe Gbadeyanka A state-of-the-art Modular Healthcare Facility (MHF) will on Wednesday, June 23, 2021, be launched at the Gbagada General Hospital, Gbagada, Lagos. The facility was put in place by Alpha Mead Healthcare Management Services, a subsidiary of the Alpha Mead Group, to accelerate access to quality healthcare for all Nigerians. Explaining further, the Group Managing Director of Alpha Mead Group, Mr Femi Akintunde, “The MHF is a customised, mobility-enhanced, prefabricated portacabin with detachable modules equipped with state-of-the-art clinical and diagnostic equipment that is designed to take quality healthcare services to the doorstep of all Nigerians.” He further disclosed

By Olutayo Irantiola We woke up on Friday, April 12, 2019 when a Federal Road Safety Commission (FRSC) van was said to be involved in a Road Traffic Accident (RTA). I was awestruck at the various ways in which our lives have become trivialized as those who should reduce road carnages are the ones leading commuters to their early graves because of their ego that took over reasoning in an attempt to arrest an erring driver. The accident has brought up the memory of the various social media posts aimed at hoodwinking these safety officers. One of such pictures showed