Losses Across Sectors Weaken NSE Index by 0.22%

By Adedapo Adesanya The value of the NASD Over-the-Counter (OTC) Securities Exchange sharply declined by 3.86 per cent on Thursday, September 28, after the shares of VFD Group Plc were taken out of the platform. VFD Group, according to reports, is planning to trade its stocks on a larger platform, the Nigerian Exchange Limited (NGX). The delisting of the company’s equities brought down the market capitalisation of the NASD OTC exchange by N44 billion to settle at N1.102 trillion compared with the N1.146 trillion it finished on Tuesday, the last trading session. The market was closed on Wednesday as a

By Adedapo Adesanya The prices of Brent futures and the US West Texas Intermediate (WTI) futures went down by about 1 per cent on Friday, due to macroeconomic concerns and sustained profit-taking. Data showed that Brent fell by 7 cents to $95.31 per barrel and WTI depreciated by 92 cents to $90.97. Prices rose about 30 per cent in the third quarter of the year helped by the production cuts by the Organisation of the Petroleum Exporting Countries and allies (OPEC+). This action squeezed global crude supply. Brent was about 2.2 per cent in the week and 27 per cent

By Bliss Okperan A lady who reviewed a product of Erisco Foods Limited, Nagiko Tomato Mix, Mrs Chioma Egodi, has threatened to demand the sum of N500 million from the chief executive of the company, Mr Eric Umeofia, for violating her fundamental human rights. Mrs Egodi said she purchased the product at the market with the intention of using it to cook stew for her family. However, when she tasted it, according to her, it tasted too much sugar, prompting her to post about it on Facebook. It was reported that Erisco was not happy with the negative review. She

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.38 per cent on Friday, September 30, with N4.16 billion added to the value of the bourse, closing at N1.105 trillion compared with Thursday’s value of N1.101 trillion. The market witnessed the improvement a day after the shares of VFD Group were yanked off the trading platform, with the NASD Unlisted Securities Index (NSI) closing higher by 3.06 points to settle at 815.65 basis points versus the previous day’s 812.59 basis points. There were three gainers led by FrieslandCampina Wamco Nigeria Plc, which improved by N1.31 to close at

By Dipo Olowookere GlaxoSmithKline (GSK) Consumer Nigeria Plc has released its financial statements for the first quarter of 2020, recording a flat topline. The pharmaceutical company, in its earnings for the first three months of this COVID-19 ridden year, generated N5.0 billion as revenue, the same amount it raked in the corresponding period of last year. An analysis of the revenue by Business Post showed that the pharmaceuticals arm of the company, which consists of antibacterial, vaccines and prescription drugs, buoyed the earnings for the period, contributing N3.5 billion to the business. On its part, the consumer healthcare segment consisting

By Adeniyi Ogunfowoke In the past in Nigeria, prospective buyers had to visit stores physically to purchase their groceries or wares. Like earlier said, this is in the past and is no longer the case today. Shoppers can simply log into an online website like Jumia and order whatever they want. It will be delivered within a two or three day period. This is arguably one reason why online shopping is trending and attractive since it was pioneered by Jumia. Despite this, there are certain baggage that cycle with online shopping which you must know. Therefore, after you have identified

By Amine Djouahra As we are nearing the end of the first half of 2023, we have all become more comfortable with change and disruption. Whether it is the pandemic, environmental factors, unstable global economic conditions, or tech evolution, we have learned to bounce back quickly. One industry that has had to be particularly agile during the past few years is the filmmaking industry. Canon’s new report (written in conjunction with The Future Laboratory) – The Future of Filmmaking, reveals the industry’s efforts to be a catalyst of change that inspires the creative industry to transform its narrative and to

Retail investors are amateur, individual investors who use brokerage firms or their own funds to make investments. When it comes to investing, retail investors need to be aware of a few things. They must do due diligence and test the waters before committing because the majority of them lack the experience and information needed for investment. The following investing advice can assist you as a retail investor in making wise decisions and maximizing your investment. Set a financial objective Like piloting a ship without radar, investing without a financial objective is foolish. Financial objectives provide the framework for your investments

By Dipo Olowookere The Debt Management Office (DMO) on Wednesday auctioned some FGN bonds to investors at the local debt capital market. Debt instruments worth N150 billion were put up for sale during the session, according to details of the exercise analysed by Business Post. In the summary of the bond sale released by the DMO, it was stated that N50 billion worth of 10-year paper, N50 billion worth of 15-year paper and N50 billion worth of 30-year paper were offered to investors, all re-opening. This means that in an actual sense, the 10-year note had a maturity of 5

By Dipo Olowookere Travel Lifestyle Network (TLN), the global network of independent communications agencies delivering comprehensive suite public relations and marketing communications to clients across the travel and lifestyle sectors, has admitted TOPCOMM PR Concept & Events Ltd, as its first member agency in Nigeria. TOPCOMM PR becomes the first agency to join the Travel Lifestyle Network in West Africa and the second in the entire African continent after another PR agency, Irvine Bartlett in South Africa. In a signed letter announcing TOPCOMM’s membership of the Travel Lifestyle Network, Hanna Kleber, Chairwoman of Travel Lifestyle Network and Managing Director of

By Modupe Gbadeyanka Business conditions in Nigeria recorded an improvement in the month October 2020 amid strengthening demand, the Purchasing Managers’ Index (PMI) of Stanbic IBTC Bank Plc has revealed. The financial institution said in the data it collected between October 12 and 28, it discovered that there were sharp and accelerated rises in output and new orders in the Nigerian private sector in the start to the final quarter of the year. Firms continued to expand purchasing activity and employment in line with higher levels of new work. Sufficient capacity and higher staffing numbers led to another decline in

By Adedapo Adesanya The National Drug Law Enforcement Agency (NDLEA) has foiled attempts by suspected drug traffickers to export parcels of Methamphetamine popularly called Mkpuru Mmiri locally concealed in Cornflakes packs and body cream containers to Malaysia and Australia at Murtala Muhammed International Airport, Ikeja, and a courier company in Lagos. The drug control authority said two freight agents; Mr Nneji Anoma And Mr Etoh Barnabas were involved in the bid to export nine parcels of Methamphetamine weighing 1.45kg hidden in packs of cornflakes to Malaysia through the NAHCO export shed of the MMIA on Wednesday, June 15, 2022, have