Economy

Canon Invites Nigerian Photographers to Second Discovery Week

Published

7 years ago

09/10/2019

The second edition of Canon Discovery Week has commenced in Lagos. The programme allows amateur, occasional or professional photographers to interact with the company’s team, which is more than happy to share best practices and give advice on Canon products.

It is an event organised by Canon Central and North Africa (CCNA), a leader in imaging solutions. At the show, customers will have the opportunity to immerse themselves in various experiences that will give them the opportunity to develop their creative skills, with the support of the Canon team.

Discover the Passion that drives the team

These events and interactions include a nature photo walk led by the local Nigerian Canon photographer Hakeem Salam, Canon Academy educational workshops hosted by Canon trainers and opportunities for various meetings and interactions with Canon experts.

These workshops will be an opportunity for participants to interact with professional Canon users as they learn from them. The first workshop, dedicated to fashion photography, will take place on October 11th. The second series will be a Pro-video Workshop on October 17th, and the last one will be an EOS R Workshop, which will take place on October 18th. These interactive sessions give consumers access to tips and tricks on photography & practical knowledge for getting the best out of Canon equipment. By supporting youth to follow their passion through these accessible courses, Canon is empowering the next generation of artists and photographers in Nigeria and Africa.

Discover the value of an innovative range of products

Canon’s customer culture is based on a very active innovation strategy, aiming to always provide the highest image quality. This allows photographers, both amateurs and professionals, to develop their skills, all the while encouraging them to express their creativity and follow their passion.

Throughout the week, various activities are offered to test Canon’s latest devices in real conditions such as the incredible travel bundle kit – EOS2000D, which includes the latest generation of EOS camera and combines familiar touchscreen controls, unmatched image quality, and an optical viewfinder all packaged into a portable design. This perfect travel kit also comes along with two lenses to ensure more options for the best quality photo, which will help photographers tell their stories creatively and uniquely. Storage is always important; hence we have included a 16 GB SD Card for the photos to be captured on, and a Camera Bag for all the equipment in the Perfect Travel Kit.

The firm is also launching its EOS 90D, a fast and reliable DSLR, with a familiar, robust body perfect for sport and wildlife photographers.

For everyday life, there is the EOS M6 Mark II, a compact, yet powerful mirrorless delivering beautifully sharp images – for photographers on the move, with the PowerShot G7 X Mark III, ideal for vloggers, bloggers and anyone posting content online, the PowerShot G7 X Mark III helps you look your best with superb 4K video, a large 1.0-type sensor and 20.1-megapixel photos – all in a super-portable design you can take anywhere. YouTube live stream – Connect to a network and stream live to your YouTube channel.

Discover the creativity that sleeps in every photographer

Throughout the Canon Discovery Week, a mobile van will drive to a different location to allow as many people as possible to meet with Canon’s experts. Locals will have the opportunity to come to the van and get a free A4 portrait photography of themselves. This will be a unique chance for customers to discuss the essential techniques required to capture beautiful portraits. They can then choose how to print their portrait and leave with a copy. They will also be able to come with their own Canon devices and ask any questions they may have on the best way to use them and have their cameras checked and cleaned free of charge.

Discover the added value Canon can offer

Canon has become a trusted partner in Nigeria over the past few years and is committed to pursuing its growth and development opportunities in this country which represent a key market in West Africa. Amine Djouahra, Sales & Marketing Director – B2C, Canon Central and North Africa, concluded: “Building on the success of last year, “Our objective is plural: to meet and exchange with photographers, give them a satisfying customer experience by helping them become more familiar with our devices and allow us to better anticipate their ever-changing needs. We aim to maintain this meeting with our customers every year in order to sustain this essential link that allows us to refresh our offerings regularly and launch innovative products that meet or even anticipate our customers’ needs.”

Economy

Profit-taking in Heavyweight Stocks Pulls Back Nigerian Exchange by 0.50%

Published

2 hours ago

17/06/2026

Dipo Olowookere

By Dipo Olowookere

The Nigerian Exchange (NGX) Limited was further pulled back by 0.50 per cent on Tuesday as a result of profit-taking in some heavyweight stocks.

Like the preceding session, the key sectors of Customs Street were depressed yesterday, with the banking index down by 2.82 per cent. The consumer goods declined by 0.52 per cent, the insurance space lost 0.10 per cent, and the energy counter shrank by 0.03 per cent, while the industrial goods segment was flat.

Consequently, the All-Share Index (ASI) eased by 1,437.54 points to 241,984.80 points from 243,422.34 points, and the market capitalisation contracted by N922 billion to N155.204 trillion from N156.126 trillion.

The worst-performing stock was International Energy Insurance, which gave up 10.00 per cent to close at N5.76. Vitafoam dipped by 10.00 per cent to N189.00, Austin Laz crashed by 9.93 per cent to N3.90, SUNU Assurances depleted by 9.82 per cent to N3.58, and Sovereign Trust Insurance lost 8.37 per cent to finish at N2.30.

On the flip side, Conoil gained 9.79 per cent to trade at N213.00, Prestige Assurance also expanded by 9.79 per cent to N1.57, Neimeth jumped 9.74 per cent to N8.45, eTranzact chalked up 9.40 per cent to close at N16.30, and Cornerstone Insurance improved by 9.09 per cent to N5.40.

The bourse witnessed heavy sell-offs in some equities, with Sterling Holdings recording the sale of 100.9 million units worth N782.8 million to lead the activity log. UAC Nigeria transacted 49.4 million units valued at N9.1 billion, Access Holdings sold 28.8 million units for N699.3 million, Zenith Bank exchanged 29.4 million units worth N3.0 billion, and GTCO traded 20.2 million units valued at N2.7 billion.

At the close of transactions, market participants bought and sold 535.5 million shares worth N36.8 billion in 55,123 deals compared with 569.1 million shares valued at N31.4 billion traded in 77,652 deals on Monday. This implied that the trading value went up by 17.20 per cent, while the trading volume and the number of deals went down by 5.90 per cent and 29.01 per cent, respectively.

Economy

MRS Oil, FrieslandCampina, CSCS Plunge NASD Index by 0.48%

Published

2 hours ago

17/06/2026

Adedapo Adesanya

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange was further down by 0.48 per cent on Monday, June 16, as a result of the losses printed by three bellwethers, led by MRS Oil Plc, which fell by N15.80 to N142.20 per unit from N158.00 per unit.

Further, FrieslandCampina Wamco Nigeria Plc dipped by N2.94 to close at N180.14 per share versus the previous day’s N183.08 per share, and Central Securities Clearing System (CSCS) Plc crumbled by 38 Kobo to N80.24 per share from N80.62 per share.

Consequently, the market capitalisation of the trading platform moderated by N12.55 billion to N2.605 trillion from N2.605 trillion, while the NASD Unlisted Security Index (NSI) weakened by 20.98 points to 4,333.35 points from 4,354.33 points.

During the trading day, the value of transactions surged by 16.5 per cent to N45.6 million from the preceding session’s N39.2 million, and the number of deals soared by 34.8 per cent to 31 deals from 23 deals, while the volume of securities declined by 30.6 per cent to 688,290 units from 992,164 units.

At the close of trades, Great Nigeria Insurance (GNI) Plc remained the most traded stock by value on a year-to-date basis with a turnover of 3.4 billion units valued at N8.4 billion. The second spot was occupied by Infrastructure Credit Guarantee (Infracredit) Plc, with 2.3 billion sold for N6.5 billion, and the third position was taken by CSCS Plc, with 66.9 million units exchanged for N4.6 billion.

GNI Plc also ended the session as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units traded for N6.5 billion, and Resourcery Plc with 1.1 billion units transacted for N415.7 million.

Economy

Naira Weakens to N1,357/$1 at Official Market, N1,385/$1 at Black Market

Published

3 hours ago

17/06/2026

Adedapo Adesanya

By Adedapo Adesanya

The Naira suffered a 0.55 per cent or 91 Kobo loss against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Tuesday, June 16, closing at N1,357.18 /$1 compared with the previous day’s N1,356.27/$1.

It also weakened against the Pound Sterling at the official market during the session by N11.53 to trade at N1,820.39/£1 versus Monday’s rate of N1,808.86/£1, but appreciated against the Euro by N2.06 to quote at N1,573.79/€1 versus the preceding session’s N1,575.85/€1.

In the black market, the Nigerian currency crashed against the Dollar yesterday by N5 to sell for N1,385/$1, in contrast to the N1,380/$1 it was traded a day earlier, and at the GTBank FX desk, it traded flat at N1,373/$1.

Nigeria’s gross external reserves surged to $50.505 billion, the highest international Dollar balance since January 2009, affirming expectations that the local currency will remain along a stable band. The FX reserves position was buoyed by inflows from oil sales.

In its Article IV consultation report on Nigeria, the International Monetary Fund (IMF) said that the Naira remains significantly undervalued despite recent gains from FX reforms. It noted that its Real Effective Exchange Rate (REER) assessment showed the local currency was still trading below levels supported by the country’s economic fundamentals, saying the Naira should have traded around N1,142.04/$1 using the end-of-2025 exchange rate benchmark, or N1,130.88/$1 when calculated using the average exchange rate for the year.

As for the cryptocurrency market, prices showed renewed risk appetite as total 24-hour trading volume jumped 51 per cent to $207 billion, open interest rose 2.4 per cent to $113.41 billion, and liquidations surged 64 per cent to $561 million, with shorts accounting for the bulk of the forced exits, according to Coindesk data.

Cardano (ADA) slid 2.7 per cent to $0.1731, Binance Coin (BNB) slumped 1.6 per cent to $605.80, Ripple (XRP) declined by 1.5 per cent to $1.22, Bitcoin (BTC) fell 0.8 per cent to $65,739.70, Dogecoin (DOGE) also tumbled by 0.6 per cent to $0.0873, and TRON (TRX) depreciated by 0.6 per cent to $0.3166.

However, Ethereum (ETH) grew by 0.5 per cent to $1,795.40, and Solana (SOL) rose by 0.2 per cent to $73.81, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 apiece.