WSTC Financial Services Limited (WSTC), a dealing member of the Nigerian Stock Exchange (NSE), has envisaged a slide in the value of the naira as the 2015 general elections approaches. This is following the prevalence of domestic uncertainties, weak economic fundamentals and impending increase in interest rates in the US. Meanwhile, analysts do not expect the downward pressure on the naira to subside within the forth quarter of 2014.
Updated 5 Years ago

Anyone who has spent a great deal of time within the world of business is probably well aware of the term “POS,” which stands for Point of Sale system. Anyone who has not heard the term before may be surprised to find out that he or she most likely partook in POS systems during his or her last visit to a favorite restaurant. POS systems are incredibly popular among businesses, and restaurants continue to find that these complete kit systems are especially useful concerning customer service and the tracking of complicated orders while simultaneously simplifying any responsibilities associated with bookkeeping and tracking of funds.
Updated 5 Years ago

Nigeria will be one of the emerging markets where global brand, Symrise will be veering into this year with its annual £100 million portfolio, the company says. The new investment by the global supplier of fragrances, flavourings, cosmetic, active ingredients and raw materials in Nigeria will be in the region of €1 million in the short run, but with the capacity to swell between the next five and six years.
Updated 5 Years ago

Outlook for foreign exchange seem dim as analysts anticipate that the Naira will continue to experience pressure at all segments of the market this week against the backdrop of heightened socio-political risk and broader macroeconomic concerns. According to Afrinvest report, a long list of macroeconomic and socio-political headwinds still pose a challenge to price stability. For instance, the impending increase in systemic liquidity during the upcoming elections, expected food challenges due to deteriorating socio-political challenges, expected maturity of AMCON’s N978.35bn bond and recent capital reversals by Foreign Portfolio Investors (FPIs) are likely factors that may determine price levels in the medium term.
Updated 5 Years ago

Cement is leading the chase in Nigeria’s non-metallic products sector, which also includes ceramics, chalk and glass. Total output in the non-metallic products sector rose from N143.86 billion in the first half of 2013 (H1 2013) to N215.79 billion by the second half of the same year (H2 2013). Similarly, capacity utilisation in the sector rose 16 percent to 69.9 percent in H2 2013, from 53.8 percent in H1 2013, according to data from the Manufacturers Association of Nigeria (MAN).
Updated 5 Years ago

Access‎ Bank plc has been awarded the International Organisation for Standardisation, ISO, 22301:2012 certificate for ‘Societal Security – Business Continuity Management Systems.’ The award was presented to the bank by the British Standard Institute, BSI, after about three months of rigorous business impact analysis across all the departments of the bank.
Updated 5 Years ago

The half year (H1) 2014 results of quoted firms in the Real Estate and Mortgage industry showed Infinity Trust Mortgage Bank plc (ITMB), a company that just got listed on the floor of the Nigerian Stock Exchange outperforming peers. Our analysis is centres on these three firms: Union Holmes Saving and Loans plc, Abbey Building Bank plc and Infinity Trust Mortgage Trust plc.
Updated 5 Years ago

Of all former presidents and Heads of State of Nigeria, General Yakubu Gowon seems to be the one that has made the most impact on successive administrations since independence in 1960. Born on October 19, 1934, Gowon became Nigeria’s youngest military Head of State and Commander-in-Chief of the Armed Forces of Nigeria on August 1, 1966 at the age of 32. He ruled till 1975.
Updated 5 Years ago

Real name Andrew Bisnaught, DJ Babey Drew who began turning tables at the age of 12 also doubles as a record producer and a radio personality is the second DJ in the Green Light series to storm Lagos. Venue of the party is Spice Route on October 24. The Heineken Green Light parties is a series of clubbing events, which is set to give the Lagos nightlife a transformative new look will feature three world renowned DJs in three different nights of glamour and exquisiteness in three premium clubs in Lagos.
Updated 5 Years ago

Former Vice-President, Alhaji Atiku Abubakar, has advised fellow contestants for the presidential ticket of the All Progressives Congress (APC) against allowing the issue to degenerate into actions capable of tearing the opposition party apart. Atiku, while reacting to an apparent hardline positions being pushed by loyalists of the former Head of State, General Muhammed Buhari (rtd), said the contest should be issues-based rather than on primordial sentiments.
Updated 5 Years ago