Fire guts Osun food market
Shina Abubakar, Osogbo A late-night fire razed a popular food commodity market in Ipetumodu, the headquarters of the Ife-North local government area of Osun State. The market, popularly called Akinola market, is a weekly market usually open for sale on Friday. It was gathered that the fire started at the section where Yams is being […]
How Oniha is deepening Nigeria’s Capital Market
After a fulfilling career in the banking sector, spanning over 22 years, Ms. Patience Oniha moved from the private sector to the public sector when she joined the Debt Management Office (DMO) in 2008 as Director, Market Development Department. In this capacity, she brought her banking experience to bear on various aspects of the organisation’s activities with a view to deepening the Nigerian capital market and to make it create necessary avenue that both government at various levels and the Organised Private Sector (OPS) could access long-term funds for infrastructure development and business expansion, respectively.
COVID-19 Lockdown: FCT minister extends market opening hours
The FCT Minister, Malam Muhammed Bello has approved the extension of business hours for Markets in Abuja to operate from 8a.m. to 3p.m. on Wednesdays and Saturdays.
Middle-aged man slumps, dies in Warri market
The Police Command in Delta, has confirmed the death of a middle-aged man in Igbudu Market in Warri South Local Government Area of the state. The Commissioner of Police (CP), Hafiz Inuwa, who confirmed the incident said that the deceased slumped and died on Tuesday in the market in the popular Warri-Sapele Road. “I am […]
COVID-19: NSE market indicators opens week with 2.24% loss
Activities reopened for the Week on the Nigerian Stock Exchange (NSE) on Monday with a decrease of 2.24 per cent following share price depreciation in blue chips.
Agboju Market traders protest proposed demolition, forceful ejection
The traders, who said they would be negatively affected by the forceful proposed takeover of the market, alleged that only one of them had been behind the recent unrest in the market.
Mile 12 plantain market leader arraigned for defrauding traders of N40m
By Onozure Dania A Market Leader (Baba Oloja), in charge of Ikeoluwa Plantain market, near Owode Onirin, Mile 12, Lagos, Adeshina Oyegunle, was Thursday arraigned before a Lagos Magistrate’s Court, sitting in Igbosere for allegedly defrauding traders to the tune of N40,160,000. Oyegunle 62, alongside three others, Kalamu Isa Iyanda, 52; Akeem Oyedeji, 52, and […]
Big seasoning brands dither as new entrants disrupt market dynamics
By Princewill Ekwujuru Big seasoning brands are struggling to retain their positions in the market due to the shift in consumer trends occasioned by increasing competition from new seasoning products. The shift in consumer trends became more apparent during the festive period, during which patronage almost evenly split between established and new seasoning brands. Marketing […]
Prices rise as traders lament 7.5% VAT
By Bose Adelaja Following the take-off of 7.5 per cent Value Added Tax, VAT, prices of goods across markets in Lagos have increased, a survey by Sunday Vanguard revealed. Surprisingly many traders hardly knew what VAT meant, yet they increased the prices of food items. Although the increase in price began on February 1, 2020, […]
Cost of funds to decline further as N405bn hit interbank market
INTERBANK lending rates are expected to decline further this week in response to inflow of N405 billion from maturing treasury bills.
FCTA task team moves to resolve persistent Wuse gridlock
By Omeiza Ajayi The Federal Capital Territory FCT ministerial task team on traffic-free flow has directed the Abuja Markets Management Limited AMML to immediately address the ugly traffic situation in and around the Wuse market, a development that has impacted negatively on commuters within the axis. The directive was contained in a letter dated December 10th, […]
Equity market gains 0.6% as Dangote Cement, Access Bank, UBA surge
The Nigeria equity market closed green on Monday as the Nigerian Stock Exchange, All-Share Index (ASI) rose 0.6 percent or 60 bases points , bps to settle at 26,695.18 points.
Fire guts Owode-Onirin vehicle spare parts, iron market
By Olasunkanmi Akoni Properties worth millions of naira were on Sunday, destroyed in the fire outbreak which gutted Owode-Onirin vehicles spare parts, iron rod Market, along Ikorodu Road of the state. According to eyewitness, the fire started from one of the several lines of shop within the market in the early hours of the day. […]
We supported APC, but we are now with Makinde, say Oyo market men, women
As Makinde assures of more comfort, assistance to traders A group of Market Men and Women in Oyo State on Tuesday assured Governor Seyi Makinde of their unflinching support in the wake of the ruling of the Court of Appeal on the election petition filed against him. The market men and women, led by Alhaja […]
Traders count losses over Oyingbo market closure
Traders at the popular Oyingbo Market in Lagos have been counting their losses following its closure by Lagos State government over environmental infractions. Lagos Waste Management Authority (LAWMA) on Thursday shut the market over indiscriminate refuse dumping and refusal to patronise Private Sector Participation (PSP) operators. Other infractions included roadside trading and poor hygienic practices […]
Why Nigeria’s IoT market may hit $1bn in five yrs
THE internet has brought everyone together and created a common world without borders. But the internet of Things, IoT promises to make this world more secure.
