Dangote Rice Ready December—Mabogunje

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 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 NASD Over-the-Counter (OTC) Securities Exchange appreciated by 0.41 per cent in Week 48, with the market capitalisation gaining N4.77 billion to settle at N1.166 trillion from the N1.162 trillion it ended in Week 47, and the NASD Unlisted Security Index (NSI) rising by 3.52 points to 860.81 points from 857.29 points in the previous week. In the five-day trading week, the total volume of stocks traded slumped by 69.1 per cent to 4.22 million units from 13.6 million in the preceding week and equally, the value of shares dropped by 69.6 per cent to N41.4 million

By Dipo Olowookere It was another bearish session on the floor of the Nigerian Exchange (NGX) Limited on Friday as sustained selloff further left Nigerian stocks in distress by 0.01 per cent. Profit-taking remained across the sectors but the most hit were the energy, banking and industrial goods counters, which depreciated by 0.26 per cent, 0.25 per cent and 0.09 per cent respectively, while the insurance and consumer goods sectors closed higher by 1.19 per cent and 0.04 per cent apiece. Business Post reports that the market reported 16 price gainers and 16 price losers yesterday, with C&I Leasing finishing

By Dipo Olowookere Manufacturer and marketer of home and personal care products, Unilever Nigeria Plc, did not have it good in the first half of 2019, results of the company’s performance revealed. This resulted in the 38.6 percent decline in the post-tax profit of the firm, which stood at N3.5 billion in H1 2019 compared with N5.7 billion in H1 2018. Likewise, the profit before tax suffered a reduction of 38.16 percent, staying at N4.7 billion as at June 30, 2019 in contrast to N7.6 billion as at June 30, 2018. From the financial statements released by the company at

By Dipo Olowookere A passionate appeal has been made to religious organizations, traders, artisans, transport unions and others to partner with the Lagos State Government on its mass literacy programme tagged ‘Eko’nke’koo’ (Lagos is Learning). Making the call on behalf of the state government, Special Adviser to the Governor on Education, Mr Obafela Bank-Olemoh, implored residents of the state to take advantage of the new programme to acquire education and improve their businesses, stressing that the present administration was committed to the programme in order to eradicate illiteracy in the state. Speaking on Monday during a stakeholders’ meeting at his

Every business is founded to solve a customer problem, and the vast majority of products and services are designed to alleviate a specific customer pain point. But it is still important to let each customer know how their specific problems are being solved. One of the best ways to build brand credibility is to understand a customer’s journey and build long-term relationships with them. In this article, we ask industry professionals how they meet the needs of their customers. Build engagement with customers It’s no secret that we live in a time of unprecedented technological acceleration. Nowhere is that more

By Dipo Olowookere Edo State government has promised to work with the Road Transport Employers Association of Nigeria (RTEAN) in the implementation of the proposed harmonized tax and levies bill in the state. This pledge was made by the state Governor, Mr Godwin Obaseki, while receiving both the national and state executives of RTEAN in government house in Benin City on Tuesday. Mr Obaseki told the union that “We want to work with you and your members on how to implement this bill so that what is due to you can come to you and what is due to our

By Adedapo Adesanya The new week saw prices of crude oil opening in the upward territory on Monday, November 23 as the eventuality of another coronavirus vaccination improved demand outlook for the commodity. Rising to their strongest level since early September, the Brent crude gained 85 cents or 1.89 per cent to trade at $45.82 per barrel, while the West Texas Intermediate (WTI) crude futures moved up by 1.01 per cent or 43 cents to trade at $42.85 per barrel. AstraZeneca Plc became the latest company to report a vaccine that protects most people from coronavirus. It was disclosed that

Group Managing Director of Zedcrest Capital Group, Adedayo Amzat will be joining other industry captains at the Lendtech Leaders Panel of Lagos FINTECH Week on Thursday, April 25, 2019 to explore various challenges and opportunities in consumer lending by fintech firms and banks. During the session, the panellists will also examine pathway to 100 per cent automated loan business. A subsidiary of new-age financial solutions powerhouse – Zedcrest Capital, Zedvance Limited, offers consumer lending services to a growing number of the Nigerian population. According to Zedvance, since commencing its operations in March 2014, the company has come to be considered