Stocks up 0.56% as Market Regains Investors’ Confidence

For maritime businesses, the stakes are high, and the seas can be unpredictable. Whether you own a shipping fleet, operate a fishing company, or oversee marine logistics, safeguarding your assets with the right marine insurance is prudent. It’s also essential for the sustainability of your enterprise. Here are some tips for how to find the best marine insurance provider. By following these strategic steps, you can ensure your business remains afloat, even in the face of unforeseen challenges. 1. Assess Your Maritime Needs The first crucial step towards securing the ideal marine insurance provider is a comprehensive assessment of your

By Dipo Olowookere The domestic currency had a breather in the peer-to-peer (P2P) and the parallel market segments of the foreign exchange (FX) market on Wednesday, with its value strengthening against the Dollar at the two windows. This was supported by the ease in the forex demand pressure during the trading session, which had the official market, the Investors and Exporters (I&E) arm of the market, non-operational yesterday due to the public holiday observed in the country for Eid el Maulud. Many customers who may have needed FX for their transactions stayed back to enjoy the work-free day, easing off

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 Dipo Olowookere One of the leading electricity distribution companies in Nigeria, Ibadan Electricity Distribution Company (IBEDC), has expressed regret at the poor power supply to its customers in Mowe, Ibafo and Magboro areas of Ogun State. The firm, in a statement, stated that the reason for the abysmal service to the communities is partly because of the low allocation of energy to them by the Transmission Company of Nigeria (TCN). IBEDC, which took responsibility for the frustrating situation, explained further that the three communities get their supply from Oke-Aro 132KV/33KV transmission station, while allocation to the station from TCN

Businesses that implement a digital marketing strategy into their company strategies, according to Google, have a 2.8x greater revenue growth expectation and a 3.3x higher possibility of expanding their business and, as a result, their staff. In other words, if you’re not using digital marketing, you’re missing out on a significant chance for lead generation, conversion, and sales growth. Lead generation and digital marketing are inextricably linked, and unlike traditional marketing, every lead created by this activity can be traced back to the digital marketing channel from which it originated. Digital marketing is also less expensive than traditional marketing, lowering

By Adedapo Adesanya The governments of Nigeria and the United Kingdom have disclosed that the trade value between the two countries in 2022 stood at £5.5 billion. This was disclosed in a statement jointly signed by the Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo, and UK Trade Envoy to Nigeria, Mrs Helen Grant, at the 8th ministerial meeting of the United Kingdom-Nigeria Economic Development Forum (EDF). “Of this £5.5 billion, total UK exports to Nigeria amounted to £3.3 billion in the four quarters of 2022, while total UK imports from Nigeria amounted to £2.2 billion in the four

By Adedapo Adesanya The International Monetary Fund (IMF) has approved a 38-month arrangement under the Extended Credit Facility (ECF) in an amount equivalent to SDR 978.2 million (around $1.3 billion, or 100 per cent of quota) to Zambia. The Executive Board of the Washington-based lender gave the approval based on the country’s homegrown economic reform plan that aims to restore macroeconomic stability and foster higher, more resilient, and more inclusive growth. The Southern African country is dealing with the legacy of years of economic mismanagement, with an especially inefficient public investment drive. Growth has been too low to reduce rates

By Modupe Gbadeyanka No fewer than 400 butchers and live cattle dealers drawn from various abattoirs and slaughter slabs in Lagos State have been trained by the state government on current trends in abattoir management. This move, the government explained, is part of efforts aimed at ensuring and maintaining a hygienic and conducive environment within abattoirs and the red meat value chain business in Lagos. The training, which centered on the standard operating procedures in abattoir management, was organized by the State Ministry of Agriculture as part of the ongoing reforms in the Red Meat Value Chain in Lagos State.

By Modupe Gbadeyanka Reports reaching us from Uyo, Akwa Ibom State, revealed that there was a short protest around venue of the 40th Annual General Meeting (AGM) of Oando Plc today. The demonstration, which lasted about 10 minutes, was carried out by those believed to be shareholders of the oil and gas firm. However, the situation was quickly brought under control. This information was even confirmed by Oando via its Twitter handle this afternoon. As at the time of filing this report, the meeting has been concluded. “We have successfully concluded our 40th AGM despite a 10 minute protest,” Oando

By Dipo Olowookere The contract between the Oyo State government and all private waste collectors in the state has been terminated, Commissioner for Information, Culture and Tourism, Mr Toye Arulogun, has disclosed. Instead, the Oyo State Waste Management Authority (OYOWMA) will now have the responsibility of waste collection in the state in line with its commitment to ensure a cleaner and healthier environment. Equally, the government said that it has commissioned WestAfricaENRG, a leading environmental solutions company in Nigeria, to manage OYOWMA and also take care of the full operational and legal duties of OYOWMA in the state. Mr Arulogun

By Ahmed Rahma In line with a motion on the need for the National Agency for Food and Drug Administration and Control (NAFDAC) to move swiftly to regulate the production and distribution of cosmetics, the Senate, on Tuesday, resolved to put an end to the circulation of fake and substandard cosmetics, mandating the committee on Health to investigate the procedure for quality and safety certification. It also charged the committee to propose a way forward on enforcing safety compliance on the motion which was sponsored by member of the chamber, Mrs Oluremi Tinubu. The Senate, in its resolution, directed NAFDAC