CSCS ‘Resurrects’ Unlisted Securities Market Thursday

By Adedapo Adesanya The Nigerian Shippers’ Council (NSC) has expressed its readiness to partner with the Lekki Deep Seaport by promoting the seamless movement of cargo and the efficiency of the nation’s ports. The NSC Executive Secretary, Mr Pius Akutah, gave the assurance when the Managing Director, Lekki Port LFTZ Enterprise Limited (LPLEL) – promoters of Lekki Deep Seaport, Mr Du Ruogang, led the port’s management on a courtesy visit to the NSC in Lagos. Mr Akutah, who commended the Lekki Deep Seaport management for the visit, said the council would partner with the port in areas that would boost

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 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 Adedapo Adesanya The Nigerian Naira opened the week stronger on the American Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, December 4 as pressure eased amid continued foreign exchange (FX) liquidity squeeze in the market. In the official market, the Naira appreciated against the greenback by 9.6 per cent or N89.42 to settle at N837.77/$1 compared with last Friday’s closing price of N927.19/$1. Also, the Naira gained N172.53 against the Pound Sterling in the NAFEM segment of the market during the session to close at N1,031.57/£1 versus last Friday’s rate of N1,204.10/£1 and against the Euro,

Thrombosis, or blood clotting, can affect people of all ages, races, and genders. And while both men and women are at risk of getting a blood clot, there are several stages in a woman’s life when that risk may be higher. Thrombosis is the formation of blood clots in the circulatory system, which can be dangerous if the clot blocks blood flow to vital organs, causing serious complications, such as deep vein thrombosis (DVT) or pulmonary embolism (PE). According to the World Thrombosis Day (WTD) campaign, blood clots can happen to anyone at any time. Surgery, hospitalisation, and cancer raise

By Dipo Olowookere The People Democratic Party (PDP) Governors’ Forum has accused the All Progressives Congress (APC) of conniving with the Independent National Electoral Commission (INEC) to tamper with the outcome of the November 26, 2016 governorship election in Ondo State. The PDP Governors’ Forum has therefore urged President Muhammadu Buhari to direct the electoral umpire to be fair in the conduct of forthcoming poll. Speaking on Monday in Abuja via a statement signed by its Secretary, Mr Patrick Okon, the forum also called for an overhaul of the commission. “We are aware of the plan of APC to get

By Adedapo Adesanya The recent moves by the Lagos State Government are already making some Nigerians, especially those doing business, to raise eyebrows. There have been conspiracy theories in some quarters that there is a secret power play to suffocate innovation and leave citizens at the mercy of their government. It is not a hidden truth that technology has not only brought about ease of doing business but has also caused disruptions that have threatened old players, who either have to keep up or risk being kicked out of the scene. Also, technology has made some Nigerians think out of

By Queen Nwabueze In public relations, just as you and I can’t deny that PR starts and ends with research, we have agreed that Ad value equivalencies, impression counts, and clicks ALONE don’t measure awareness and other outcomes. Therefore, unless you plan and measure in a way that matters, campaign success may not be in the cards. At least, not in the way to pass the test of a true expert. Let’s make this straight. Are you into the hallowed communications profession in whatever form? Never underestimate the benefits of measuring your Public Relations campaigns. DON’T measure using empty or

By Adedapo Adesanya The Naira was stable against the United States Dollar at the parallel market on Monday as its value remained unchanged at N775/$1 at the close of transactions. However, in the Investors and Exporters (I&E) and the Peer-to-Peer (P2P) segments of the foreign exchange (FX) market yesterday, the Nigerian currency appreciated against its American counterpart in indicative signals of an easing market after weeks of pressure. In the I&E market, the value of the local currency to the greenback was strengthened by N1.63 or 0.37 per cent to trade at N444.70/$1, in contrast to the preceding session’s N446.33/$1,

By Adedapo Adesanya The African Continental Free Trade Area (AfCFTA) will help to deepen economic integration in the continent, says the Senior Special Assistant to the President on Public Sector Matters and Secretary of the National Action Committee on AfCFTA, Mr Francis Anatogu, as part of a continued effort to drive implementation. Mr Anatogu also said that AfCFTA’s goals will also improve and expand intra-Africa trade, enable rule-based engagement for facilitating dispute resolution and addressing injurious trade practices. He made this known on Monday at a leadership stakeholders’ consultation on the theme ‘Defining the Trade in Service Strategy for AfCFTA’.

By Dipo Olowookere Latest data from the National Bureau of Statistics (NBS) has revealed that in the third quarter of 2018, a total volume of 5,294,871,285 transactions valued at N340.15 trillion were recorded. The stats office disclosed that the data, harvested from the Electronic Payment Channels in the Nigeria Banking Sector, also revealed that Automated Teller Machine (ATM) transactions dominated the volume of transactions recorded in the period under review, with 220,270,371 transactions worth N1.593 billion. The data analysed by Business Post showed that a total volume of 2.1 million transactions worth N1.181 trillion were carried out via cheques, while

By Modupe Gbadeyanka Leading digital payment solutions provider, Mastercard, has been unveiled as the headline sponsor of the 6th Edition of the CashlessAfrica Conference and Expo. The event is organised by Mobile Money Africa and is scheduled for March 22 to 23, at the Oriental Hotel, Lekki in Lagos, Nigeria. The CashlessAfrica Conference and Expo is a platform for technology companies, FinTech’s and other financial institutions to come together and share best practices in order to build a strong economy in Nigeria. The event looks at the importance of rethinking current models and gaining valuable market insight to introduce relevant