FrieslandCampina Lifts Over-the-Counter Bourse by 0.17%

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 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,

By Adedapo Adesanya The African Development Bank Group (AfDB) has revealed that a $1 billion facility would be used to provide insurance to more than 40 million farmers across the continent against severe impacts of climate change. Initially unveiled at the Africa Climate Summit held in Nairobi in September, the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA) brings together governments, development agencies, the insurance sector and the private sector, said the president of the bank, Mr Akinwumi Adesina, while speaking during a side event at COP28 in Dubai. He said ACRIFA aims to mobilise $1 billion of concessionary financing,

By Adedapo Adesanya Oil fell on Monday as traders approached the market with caution over plans by the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) to cut production in the first quarter of 2024. Brent crude futures lost 85 cents or 1.08 per cent to finish at $78.03 a barrel while the US West Texas Intermediate (WTI) crude futures depreciated by $1.03 or 1.39 per cent to sell at $73.04 per barrel. OPEC+ announced voluntary production cuts at its meeting last week and this has raised doubts about whether or not producers would fully implement them. Investors

By Modupe Gbadeyanka A new report by the UNAIDS has shown that countries are getting on the Fast-Track, with an additional one million people accessing treatment in just six months (January to June 2016). The reports revealed that by June 2016, around 18.2 million [16.1 million–19.0 million] people had access to the life-saving medicines, including 910 000 children, double the number five years earlier. If these efforts are sustained and increased, the world will be on track to achieve the target of 30 million people on treatment by 2020. Yesterday, the Get on the Fast-Track: the life-cycle approach to HIV,

By Dipo Olowookere Companies trading their unlisted securities on the floor of the NASD OTC Exchange recorded a growth of 0.71 percent last week. At the close of transactions on Friday, the Unlisted Securities Index closed at 692.47 points in contrast to 687.60 points it finished the previous Friday. Also, the total market capitalization appreciated closing higher at N468.62 billion compared with N465.31 billion it ended a week earlier. Business Post reports that the price gainers’ chart for the week was led by NIPCO Plc and Friesland Campina Wamco Nigeria Plc. While NIPCO finished at N74 from N73, Friesland Campina

By Adedapo Adesanya Major crude oil listed on the international market recorded increases on Tuesday, July 30, 2019, one of which is the Nigerian Bonny Light which saw a 46 Cents increase equivalent to 0.72 percent rise to trade at $65 per barrel. The United States of America’s West Texas Intermediate (WTI) Crude also recorded increase of $1.47 Cents or 2.58 percent change to trade for $58 per barrel, while the Brent Crude was not exempted from the boom as it saw a $1.01 equivalent to 1.59 percent to trade at $65 per barrel. Analysts said the rise in crude

By Adeniyi Ogunfowoke With 10 years’ experience in Customer Service, Omolara Adagunodo, the Head of Customer Service at Jumia Travel is customer service personified. Her smile and charm are contagious that it could disarm and calm any exasperated customer. In this interview, Adagunodo talks about the challenges of CS in Nigeria and much more. What would you consider to be the challenges facing CS in Nigeria? The first challenge facing CS are the customers. Nigerian customers should start demanding service. If the customers demand service then organisations will have to deliver. The simple law of demand and supply applies here,

By Modupe Gbadeyanka Trading activities on the floor of the NASD OTC Market ended this week on a brighter note with appreciation recorded by the major market indicators. Specifically, the NASD Unquoted Stock Index (USI) advanced by 0.23 percent, while the market capitalisation also improved by the same margin, 0.23 percent. Business Post reports that the NASD closed at 662.80 points this week against 661.30 points last Friday, while the market capitalisation finished at N448.53 billion compared with N447.52 billion last Friday. This occurred after both the NASD USI and market capitalisation had suffered successive week-on-week (w-o-w) losses. Central Securities

By Investors Hub Asian stocks ended on a muted note Friday after U.S. President Donald Trump cancelled the planned historic summit with North Korean leader Kim Jong Un and oil prices eased amid signs that Russia is willing to gradually increase output. Markets pared early losses to finish on a flat note after North Korea said it is open to talks with the U.S. despite Trump’s cancellation of the summit. Chinese stocks closed lower to log their worst week in more than a month as trade worries persisted. The benchmark Shanghai Composite Index dropped 12.48 points or 0.4 percent to

The sale of goods or services between businesses, utilizing any of the various online or electronic channels, referred to as B2B e-commerce, is on a steady rise in Nigeria. This rise, both in the volume of transactions and the number of operators, is prompted by the success recorded by the B2C e-commerce operations, especially during the covid-19 quarter in-place (lockdown) period. Just as in the B2C, the B2B e-commerce hinges its operations on digital processes to deliver on its promises to the other players in the e-commerce value chain. The B2B e-commerce platforms deploy digital solutions in their operations to

By Modupe Gbadeyanka Largest aircraft manufacturers and leasers in the world, Airbus Group, will establish an operational office in Nigeria, the French Ambassador to Nigeria, Mr Denys Gauer, has disclosed. Mr Gauer made this known when he visited the Minister of State for Aviation, Mr Hadi Sirika, in his Abuja office recently. A statement signed on Thursday by the Deputy Director, Press and Public Affairs, Ministry of Transportation, Mr James Odaudu, explained that the ambassador said the decision of Airbus to start an office in Nigeria was a mark of confidence in the Federal Government’s agenda for the aviation industry.