Kobo360 Introduces App to Improve Logistics Marketplace

By Adedapo Adesanya The Minister of Transportation, Mr Saidu Alkali, inaugurated the first cargo movement from the Lagos-Ibadan rail corridor during his first official tour of the rail corridor on Tuesday. This effort is expected to decongest the Apapa port as shippers moved 92.28 per cent of Nigeria’s total exports and 60.77 per cent of imports through the facility in the first quarter of 2022 (Q1’22), according to the latest available data. The Minister kicked off the tour at the Ebute Meta station before proceeding to Apapa for the launch, then travelled to Ibadan using the 157 km rail corridor.

Iceland, a land of dramatic landscapes and otherworldly beauty, beckons adventurers from around the globe. Whether you’re drawn to the mesmerizing Northern Lights, the sizzling geothermal wonders, or the untamed wilderness, Iceland has something captivating for every traveller. The popularity of Iceland tours has surged in recent years, and it’s no wonder why. This article is your gateway to the top nine captivating holiday packages in Iceland, offering a diverse range of experiences that will leave you spellbound by the Land of Fire and Ice. 1. The Golden Circle: Classic Beauty and Beyond The Golden Circle, one of Iceland’s most

By Modupe Gbadeyanka Steps are being taken by a leading amusement park and resort in Nigeria, Omu Resort, to ensure Delta State become the latest global tourism hub. The company has come up with a multifaceted initiative known as Discover Delta to attract tourists across the world to the oil-rich state and earn scarce foreign exchange (FX) for the country. It intends to achieve this goal and redefine the tourism landscape in Delta State through the Leisure Park and Film Village Asaba. A statement from the firm said in September 2023; it would launch the Discover Delta initiative, which encompasses

Travelers, having experienced the high standards set by Dubai, are on the lookout for new Middle Eastern destinations that bring together both business and leisure. Ras Al Khaimah emerges as a rapidly growing Emirate, presenting itself as an attractive, cost-effective alternative to Dubai. Located just 45 minutes away from Dubai’s International Airport, Ras Al Khaimah boasts luxury shopping centers, breathtaking sceneries, and historical sites, catering to diverse traveler preferences. Let’s delve into the factors fueling Ras Al Khaimah’s metamorphosis and the rising prominence of its tourism. The Tourism Development Authority In 2011, the Ras Al Khaimah government founded the Ras

By Dipo Olowookere Director General of the Debt Management Office (DMO), Dr Abraham Nwankwo, has disclosed that the first diaspora bond issued by the Federal Government was oversubscribed by 130 percent, yielding $300 million from the exercise. Dr Nwankwo, in a statement on Monday, stated that Nigeria raised the $300 million at the international capital market at 5.625 percent for a tenor of five years. According to him, the exercise was mainly for Nigerians living outside the country and it is to give them the opportunity to contribute their quota to national development. He noted that this has “opened a

By Adedapo Adesanya Gains recorded by the shares of Central Securities Clearing System (CSCS) Plc on Monday, April 6 helped the NASD Over-the-Counter (OTC) Securities Exchange close in the green territory. At the close of transactions on the first day of the week, the share price of the securities depository company appreciated by 30 kobo or 2.40 percent to N12.49 per share from N12.19 per share. The stock was the only advancer yesterday and it spurred the 0.29 percent growth reported by the bourse’s major performance indicators. When market activities were brought to a halt on Monday, the NASD Unlisted

By Adedapo Adesanya The Naira appreciated by N2 against the US Dollar at the black market on Tuesday to trade at N443/$1 compared to N445/$1 it wrapped at the previous session. At the same market segment, the local currency traded flat against the Pound at N575/£1 and gained N5 against the Euro to close at N510/€1 in contrast to the previous N515/€1. At the Bureaux De Change (BDC) segment of the foreign exchange market, the domestic currency appreciated by 50 kobo against the United States currency in Lagos to sell for N441/$1 versus Monday’s rate of N441.50/$1. Data from the

By Investors Hub Asian stocks rallied on Monday after U.S. President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on their escalating trade war. While Trump agreed to hold off on his threat to raise tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent on January 1st, Beijing agreed to buy very substantial amounts of agricultural, energy, industrial and other products from the U.S. to narrow its trade gap with the U.S. China’s Shanghai Composite Index soared 2.6 percent to finish at 2,654.80, while Hong Kong’s Hang Seng Index surged up

By Dipo Olowookere The 2018 financial year was positive for Ecobank Transnational Incorporated, the parent company of the Ecobank Group. On Thursday, the company, which has presence in many African countries, released its financial statements for 2018. A brief analysis of the results by Business Post showed that the company significantly grew both its topline and bottomline. For example, the gross earnings of the lender slightly increased by one percent to N773.3 billion from N763.6 billion, while the revenue also rose by same margin to N567.4 billion from N560.8 billion. However, the bank recorded a 1.2 percent decline in interest

By Modupe Gbadeyanka President of the African Development Bank Group (AfDB), Mr Akinwumi Adesina, has revealed that in 2017, the average GDP growth in Africa was 3.6 percent, up from 2.2 percent in 2016. According to him, last year, 18 African countries grew above 5 percent in 2017, and 37 others above 3 percent. Mr Adesina further disclosed the average GDP growth is projected to accelerate to 4.1 percent in 2018 and 2019. The AfDB boss rolled out these figures when the bank hosted the annual luncheon of diplomats accredited to Côte d’Ivoire in Abidjan on Tuesday. During the event,

By Modupe Gbadeyanka Nigerians have been advised to pay attention to their pension savings and use it proactively to support their retirement aspirations. This is because prioritising financial security and wellbeing in retirement will help in maintaining an acceptable standard of living during post-work life. The CEO of Stanbic IBTC Pension Managers Limited, Mr Eric Fajemisin, stressed that subscribers who take advantage of voluntary contributions to supplement their mandatory retirement savings accounts regularly have more lump sum to fall back on at retirement. He explained that employers contribute 10 per cent toward retirement savings on behalf of their employees, while

By Dipo Olowookere One of the oil companies listed on the Nigerian Stock Exchange (NSE), Eterna Plc, has been reclassified by the regulator. The firm, which used to be a low-priced stock, has been upgraded to the medium-price category by the stock exchange. Not too long ago, some companies trading their securities on the exchange were classified into three categories; high-priced, medium-priced and low-priced stocks, based on their market price. For the high-priced stocks, they are large-cap equities that are priced at N100 per share or above for at least four of the last six trading months, or new security