Economy

GROHE Picks 9 Awards at Iconic Awards 2017

Published

7 years ago

27/09/2017

By Modupe Gbadeyanka

Every year, the Iconic Awards recognize visionary buildings, innovative products, and sustainable communication in the sectors of architecture, construction, industry and production industry.

This year, GROHE, the world’s leading provider of sanitary fittings, has been announced as the winner of nine coveted awards in the categories “Product”, “Communication” and “Architecture”. The official award ceremony will be held on the 4th of October 2017 at BMW Welt in Munich.

Three “Best of Best” and four more Iconic Awards 2017 in the category “Product”

The GROHE Blue Home tap water system, the professional Concetto Professional kitchen tap and the Euphoria 260 shower head are each receiving a “Best of Best” Iconic Award 2017 in the “Product” category. At the touch of a button, the tap water system GROHE Blue Home delivers delicious filtered water chilled to the perfect drinking temperature in three options: sparkling, lightly sparkling or still, directly into your glass.

The system, which combines timeless design with innovative technology, consists of an elegant kitchen tap and a high-performance cooler with integrated filter.

This “private water source” will ensure you remain refreshed in the most sustainable and resource-saving way possible.

With its GrohFlexx and EasyDock M technology, the GROHE Concetto Professional kitchen tap is incredibly flexible and easy to use. The tap has a silicone hose with an integrated metal spring, allowing it to turn 360 degrees, and a button for easily switching between normal water flow and jet spray – perfect for washing dishes, rinsing vegetables and filling tall pots effortlessly.

With its 260mm diameter and three zone features, the Euphoria 260 shower head transforms showering into a soothing and custom-made experience. The users can change the flow of water to suit their mood, changing gradually from a powerful concentrated jet to a stimulating and invigorating stream to a full soft rain shower with a simple turn of the SmartControl panel.

In the category “Product”, GROHE is also receiving Iconic Awards this year for the tap collections Lineare and Essence Professional as well as for the concealed control element SmartControl Concealed and GROHE Sense and GROHE Sense Guard, the new water security system. With its clear lines, the Lineare series of faucets creates contours in your bathroom, while the Essence Professional tap line makes your work in the kitchen more efficient and more comfortable. The flush and minimalist designed control panel SmartControl Concealed can be controlled by an intuitive push button and turn knob technology. The innovative and smart water safety system consisting of Sense and SenseGuard detects and protects homes against water damage.

GROHE at the ISH 2017 – winner in the category “Architecture”

GROHE is receiving an Iconic Award in the category “Architecture” for its impressive booth at the ISH 2017 in Frankfurt am Main, the world’s leading trade fair for bathroom, building, energy, and climate technology, and renewable energy. With the slogan “WATER. INTELLIGENCE. ENJOYMENT.” GROHE presented itself as a pioneering market leader in the sector and showcased the digital controllability of water as an innovation in its own spectacular exhibition hall.

GROHE Architekturlösungen – winner in the category “Communication”

With its publication series “GROHE Architekturlösungen”, a supplement of the German construction magazine “DBZ Deutsche BauZeitschrift”, GROHE is receiving an Iconic Award in the category “Communication”. Each issue features a specific theme (e.g. hotels, office buildings, or care and nursing homes) that presents construction projects and the GROHE products incorporated therein. Also, they give answers to architectural questions. “GROHE Architekturlösungen” is one of the company’s central communication tools and its target audience consists of architects, professional planners, plumbing experts and theme-specific groups.

Economy

Geo-Fluids, Afriland Properties Lift NASD Bourse by 0.13%

Published

1 day ago

11/01/2025

Adedapo Adesanya

By Adedapo Adesanya

The duo of Geo-Fluids Plc and Afriland Properties Plc propelled the NASD Over-the-Counter (OTC) Securities Exchange up 0.13 per cent on Friday, January 10.

Investors gained N1.4 billion during the trading session after the market capitalisation of the bourse ended at N1.053 trillion compared with the previous day’s N1.052 trillion, and the NASD Unlisted Security Index (NSI) increased at the close of business by 4.07 points to wrap the session at 3,073.93 points compared with 3,069.86 points recorded at the previous session.

Geo-Fluids added 25 Kobo to its value to close at N4.85 per unit compared with the previous session’s N4.60 per unit, and Afriland Properties Plc gained 24 Kobo to close at N16.25 per share versus Thursday’s closing price of N16.01 per share.

There was a 35.4 per cent fall in the volume of securities traded in the session as investors exchanged 4.3 million units compared to 6.6 million units traded in the preceding session, the value of shares traded yesterday went down by 37.4 per cent to N17.2 million from the N27.5 million recorded a day earlier, and the number of deals decreased by 47.2 per cent to 19 deals from the 36 deals recorded in the preceding day.

FrieslandCampina Wamco Nigeria Plc remained the most active stock by value (year-to-date) with 1.9 million units worth N74.2 million, followed by 11 Plc with 12,963 units valued at N3.2 million, and Industrial and General Insurance (IGI )Plc with 10.7 million units sold for N2.1 million.

IGI Plc closed the day as the most active stock by volume (year-to-date) with 10.6 million units sold for N2.1 million, trailed by FrieslandCampina Wamco Nigeria Plc with 1.9 million units valued at N74.2 million, and Acorn Petroleum Plc with 1.2 million units worth N1.9 million.

Economy

Naira Depreciates to N1,543/$1 at Official Market

Published

1 day ago

11/01/2025

Adedapo Adesanya

By Adedapo Adesanya

The Naira witnessed a depreciation on the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, January 10.

According to data from the FMDQ Exchange, the local currency weakened against the greenback yesterday by 0.12 per cent or N1.80 to sell for N1,543.03/$1 compared with the preceding day’s N1,541.23/$1.

The pressure on the domestic currency came as the access granted to the Bureaux de Change (BDC) operators by the Central Bank of Nigeria (CBN) to purchase FX from the official market through the Electronic Foreign Exchange Matching System (EFEMS) platform prepares to end next week, precisely on January 19.

The CBN had given a 42-day window to the operators to access the platform to help stabilise the Naira in December, and this expires next week.

On Friday, the Nigerian currency tumbled against the Pound Sterling in the official market by N30.78 to sell for N1,889.29/£1 compared with the previous day’s N1,858.51/£1, but gained N5.48 against the Euro to finish at N1,583.81/€1, in contrast to Thursday’s rate of N1,589.29/€1.

As for the parallel market, the Nigerian Naira remained stable against the US Dollar during the trading session at N1,650/$1, according to data obtained by Business Post.

In the cryptocurrency market, it was bearish as the US economy added 256,000 jobs last month, the Bureau of Labor Statistics reported on Friday, topping forecasts for 160,000 and up from 212,000 in November (revised from an originally reported 227,000).

However, the readings came after a number of recent economic reports triggered a broad-market pullback across asset classes such as crypto as investors quickly scaled back the idea of a continued series of Federal Reserve rate cuts in 2025.

Cardano (ADA) fell by 3.6 per cent to trade at $0.921, Solana (SOL) slumped by 2.8 per cent to $185.93, Ethereum (ETH) depreciated by 1.4 per cent to $3,233.27, Litecoin (LTC) lost 1.3 per cent to finish at $103.62, Dogecoin (DOGE) shed 0.5 per cent to sell at $0.3315, Bitcoin (BTC), waned by 0.2 per cent to $94,154.43, and Binance Coin (BNB) went south by 0.1 per cent to $693.30.

On the flip side, Ripple (XRP) jumped by 1.5 per cent to settle at $2.34, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) sold flat at $1.00 each.

Economy

Customs Street Crumbles by 0.08% as Profit-Takers Take Charge

Published

1 day ago

11/01/2025

Dipo Olowookere

By Dipo Olowookere

Profit-takers took control of Customs Street on Friday, plunging it by 0.08 per cent at the close of trading activities.

The sell-offs were across all the key sectors of the Nigerian Exchange (NGX) Limited on last trading session of the week.

The insurance space went down by 1.53 per cent, the banking index depreciated by 0.41 per cent, the consumer goods sector weakened by 0.16 per cent, and the energy counter slumped by 0.08 per cent, while the industrial goods sector closed flat.

At the close of business, the All-Share Index (ASI) tumbled by 79.68 points to 105,451.06 points from 105,530.74 points and the market capitalisation retreated by N48 billion to N64.303 trillion from N64.351 trillion.

Yesterday, investors traded 1.5 billion shares worth N19.4 billion in 12,877 deals compared with the 489.5 million shares worth N13.1 billion transacted in 13,010 deals in the preceding day, indicating a decline in the number of deals by 1.02 deals and a rise in the trading volume and value by 203.14 per cent and 48.09 per cent, respectively.

Wema Bank was the busiest stock with 976.2 million units valued at N9.8 billion, Tantalizers traded 53.0 million units worth 129.6 million, Universal Insurance sold 34.8 million units for N26.8 million, Access Holdings exchanged 33.9 million units valued at N843.8 million, and Nigerian Breweries traded 27.3 million units worth N873.3 million.

The heaviest loss was suffered by Sunu Assurances with a decline of 9.99 per cent to trade at N7.30, Eunisell shed 9.96 per cent to N17.35, SAHCO crumbled by 9.87 per cent to N30.15, DAAR Communications plunged by 9.28 per cent to 88 Kobo, and Sovereign Trust Insurance went down by 7.04 per cent to N1.32.

On the flip side, C&I Leasing gained 10.00 per cent to close at N4.51, Honeywell Flour appreciated by 9.99 per cent to N10.02, Trans Nationwide Express jumped by 9.89 per cent to N2.00, RT Briscoe rose by 9.83 per cent to N2.57, and Secure Electronic Technology grew by 9.46 per cent to 81 Kobo.

Business Post reports that the bourse ended with 33 price gainers and 25 price losers, indicating a positive market breadth index and strong investor sentiment.