Chams to Consolidate Cost-optimisation Measures to Sustain Profits

By Adedapo Adesanya The cryptocurrency market witnessed an uptick on Wednesday, with Bitcoin (BTC) managing to stay above the $26,000 level even as the US Dollar index rose to a new year-to-date high. Data obtained by Business Post showed that the most valued crypto, BTC, posted a 0.7 per cent appreciation during the midweek session to trade at $26,408.37 in the last 24 hours. On the part of the second-most valued digital coin, Ethereum (ETH), it remained in the $1,600 mark and it improved its value yesterday by 1.6 per cent to sell at $1,610.94. At the trading session, the US

By Adedapo Adesanya Ultrasonic sensing technology company, Fluenta, has completed work on the Dangote Refinery in Nigeria, Africa’s biggest oil refinery, installing 18 ultrasonic flare gas meters on large pipelines around the plant. This company is using its technology to aid Nigeria’s flare gas reduction efforts and with Dangote Refinery set to begin operations soon, according to its management recently, this could be a step to fix inaccurate measurements of gas flaring. Nigeria currently imports refined petroleum products for its use, even though it is Africa’s biggest oil producer and with Dangote Refinery, the world’s largest single-train refinery capable of

By Adedapo Adesanya The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised the alarm over alleged secret reintroduction of fuel subsidy payments by the federal government. In late May, after taking the oath of office, President Bola Tinubu announced the total removal of subsidy on petrol, which saw prices jump to over N600. The removal of fuel subsidy and the resulting increment in the pump of petrol by almost 300 per cent had quadrupled the inflation rate in the country and affected the purchasing power of Nigerians, especially the middle class and low-income earners. It was expected that as

By Dipo Olowookere There is anxiety over the state of health of former Governor of Oyo State, Mr Abiola Ajimobi, who is reportedly battling to stay alive at a private health facility in Lagos. It has been reported that the former federal lawmaker is bedridden at a hospital in Lagos. He is reportedly infected with the dreadful coronavirus disease (COVID-19). According to report, he slipped into coma and has been placed on ventilator because of his alleged inability to breathe very well. On Thursday night, news filtered in that he was dead, but one of his media aides, Mr Bolaji

Sometimes, family members will come together to start and run a business. I consider running a family business as a great deal as long as there is an agreement between the parties involved. However, running the business can be a bit challenging if you do not set rules and guidelines to govern how the family business is supposed to run. At this point, a disagreement could arise, leading to conflict and even hatred among the family members. On the positive side, if every family member involved in the family business adheres to these rules and guidelines, running a successful family

By Adeniyi Ogunfowoke Success does not come cheap. It requires hard work, perseverance and a lot of sacrifices to achieve it. It is difficult to abdicate something you are used to. However, when you think of the results of your sacrifice, you should be willing and ready to do away with them. Jumia Travel, the leading online travel agency shares the sacrifice you must make to be successful. Time We all have 24 hours. For many, this is never enough. However, if you really want to be successful, you have to plan your schedule and invest your time wisely. In

By Modupe Gbadeyanka Nigerians interested in purchasing any of the forfeited properties to be auctioned by the Economic and Financial Crimes Commission (EFCC) have been given some steps to actualise this. In a statement on Wednesday, the commission said the forfeited luxury apartments are located in Lagos, Abuja, and others, with bids accepted till 12:00 noon on Monday, January 9, 2023. The auction is open to members of the public with the exception of individuals/corporate entities who have been / or are being prosecuted by the EFCC, Directors of such companies, and employees of the EFCC. A competitive bidding process

By Dipo Olowookere Though COVID-19 is dealing with the immunity of humans across the globe, Dangote Cement, MTN Nigeria and other stocks are further fortifing the market. This they did on Tuesday by 2.32 percent. Shares of the two companies were among the 29 that increased yesterday, overpowering the 12 price losers of the session. Three of the major five sectors of the market ended in green, with the banking counter recording the highest rise, gaining 4.53 percent. The consumer goods index increased by 2.17 percent, while the energy counter rose by 1.34 percent. However, the insurance sector fell by

By Modupe Gbadeyanka A focused and result-oriented professional, Mrs Folake Soetan, has been appointed as the acting Chief Executive Officer (CEO) of Ikeja Electric Plc. The Banking and Finance graduate of the University of Lagos is taking over control of Nigeria’s largest electricity distribution company (DisCo) from Mr Anthony Youdeowei, who has been the CEO for the last four years. Mr Youdeowei came up with different transformation initiatives while at the helm of affairs at Ikeja Electric, resulting in one of the most aggressive loss reduction recorded in the sector. A statement issued by the energy firm disclosed that the

By Aduragbemi Omiyale A total of 16,000 women in the rural parts of Kwara State will share the sum of N160 million micro-grants from next week. The money is to be disbursed by the state government through the Kwara State Government Micro Grants for Rural Women with support from the Aliko Dangote Foundation. A statement issued on Tuesday by the Chairman of the alliance, Mr Kayode Oyin-Zubair, disclosed that 1,000 beneficiaries have been selected in each of the 16 local councils of the state. According to him, the disbursement of the N10,000 micro-grants to 16,000 women living in the rural

By Aduragbemi Omiyale The rules for listing on the NGX Technology Board of the Nigerian Exchange (NGX) Limited have been approved by the Securities and Exchange Commission (SEC). The approval, according to a statement from the bourse, was obtained on Thursday, December 15, 2022, with the chief executive of the exchange, Mr Temi Popoola, describing it as “a landmark achievement that will position the exchange as an attractive destination for capital formation by companies within the technology sector. It also attests to NGX’s dedication to deepening the Nigerian capital market.” “On behalf of the board and management of NGX, I