Crude Slides as COVID-19 Resurgence Threatens Demand

By Bliss Okperan The exchange rate instability in the country is already giving small business owners sleepless nights and it threatens their investments. This concern was raised recently by the National Vice Chairman of the Nigerian Association of Small-Scale Industrialists, Mr Segun Kuti-George. He emphasised that business owners would have to increase their prices because of the unavoidable consequence of the current exchange rate crisis in Nigeria. According to him, if consumers are unable to meet up with the increase in the cost of goods and services, businesses would be forced to shut down their operations, which would, in turn,

By Adedapo Adesanya The Nigerian government is targeting an estimated $55.2 billion in oil and gas investments by 2030, according to the Special Adviser to the President Bola Tinubu on Energy, Mrs Olu Verheijen. She said the government has wrapped up a series of strategic engagements with 15 leading international and independent oil and gas companies operating in Nigeria. The President’s aide recently organised sessions in Lagos and Abuja in partnership with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to review ways to improve the sector and address the nation’s revenue emergency whilst contributing to stabilising Nigeria’s economy. Involved in

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange continued its weekly positive run as it extended its gains by 0.41 per cent in the 38th week of trading in this year. The bullish posture was supported by the improvements in the share prices of six companies admitted to the alternative stock exchange in Nigeria. This increased the NASD Unlisted Securities Index (NSI) by  2.30 points from 805.65 points in the previous week to 808.95 points, as the market capitalisation of the bourse was relatively unchanged on a week-on-week at N1.140 trillion. Food Concepts Plc led the price gainers’ after

By Dipo Olowookere A key event on the international oil and gas calendar, the 16th Africa Independents Forum, will get underway on May 24 and 25, 2017 in London. This annual gathering of Africa’s oil and gas upstream industry is an essential platform for reviewing the state of the industry and exchanging ideas on game-changing opportunities for the future. Showcasing Africa’s premier projects and upstream operators, the forum provides plenty of scope for corporate independents, international oil, gas and energy companies and Government officials to network, present their projects, propose new ventures and firm up partnerships and investment deals. Being

By Ebireri Henry Ovie Former National Chairman of Mega Progressive People’s Party (MPPP), Mr Aderemi Banjo, has lamented what he called leadership failure in Surulere Constituency 1. Mr Banjo expressed his mind at the special meeting of Surulere community leaders on Thursday. He told the leaders and elders in Surulere that he was against the 5th term ambition of Mr Femi Gbajabiamila, for what he termed as “poor representation” of the people at the lower chamber of the National Assembly. “The position should not be monopolized by a non-performing person,” he said. In his presentation titled, ‘Surulere: The Way Forward,’

By Adedapo Adesanya The NASD Over-the-Counter OTC Securities Exchange ended the first trading session of the month of November on a bearish note. The NASD Security Index declined by 1.6 per cent or 11.65 points yesterday to settle at 718.57 points compared with 730.22 points it stood at the last session. As a result of the presence of the bears at the unlisted securities market on Monday, investors lost N8.55 billion as market capitalisation dropped to N527.84 billion from the previous day’s value of N536.39 billion. The fall at the bourse was caused by the negative price movement of FrieslandCampina

By Ahmed Rahma A foremost marketing and advertising publication, Marketing Edge, has fixed Thursday, March 25, 2021, for its inaugural quarterly virtual summit by 9:00 am on Zoom. The event, titled Brand Management Imperatives & Challenges in a post-Recessionary Economy, will feature seasoned players in the industry. According to the company, the summit is aimed at expanding the frontiers of marketing and advertising knowledge in the integrated marketing communications (IMC) sector as professionals will share knowledge and insight on how to navigate the myriads of problems besetting the industry while looking at opportunities in building brands in the present age

By Modupe Gbadeyanka Founder/GMD of the Interswitch Group, Mr Mitchell Elegbe, has said that although money is necessary, it is not sufficient enough to make a business thrive. The successful businessman said this while giving the keynote address at the annual Lagos Business School MBA Entrepreneurship Expo and Contest themed Entrepreneurship and Business Innovation. He emphasised at the event that entrepreneurs must first identify the problems they are trying to solve before venturing into any business. According to him, the more value customers perceive, the more they are willing to pay for goods and services. He said business owners should

By Dipo Olowookere The use of social media platforms for political campaigns is no doubt gaining more traction and politicians have found a way of using the channel to pass their message to the electorates. Since the United States came hard on Facebook after the 2016 elections, the social media giant has made efforts to make things better. As Nigerians prepare to head to the polls next month to pick a new set of leaders and representatives, Facebook is coming out with stringent measures to control political campaigns on its platform. Revealing its plans to bring about sanity to the

By Ifeanyi Emeka The news report making the round on social media claiming that the senator representing Yobe East Senatorial District in the National Assembly, Mr Bukar Abba Ibrahim, has withdrawn from the senatorial race and has conceded the seat to Gov. Gaidam is false, misinforming and the height of mischief making which has unceremoniously become the hallmark of the fake news industry. For the avoidance of doubt, Senator Bukar Abba Ibrahim is very much in the senatorial race and has not stepped down for anybody as the case may be. In any case, the senator and former governor of

By Modupe Gbadeyanka An entrepreneur, Ms Jumoke Akinsanya, has narrated how the collateral-free loans she obtained from an e-commerce giant, Jumia, influenced the expansion of her business. Ms Akinsanya, the owner of Deeski.com who also sells groceries and home essentials on Jumia, disclosed that the platform has helped her company achieve a lot in the last five years. According to her, she now has an opportunity for direct access to big companies, facilitated bulk purchase, and improved her business workforce from six to 12. Business Post reports that Jumia lending is a small business loan open to sellers on the