DAILY BUSINESS 11

NSE Statistics 30-May-18 31-May-18 1-Day Change % YTD Change(%) NSE All- Share Index 38,606.41 38,104.54 (1.30) (0.36) Market Capitalization  (N'Trillion) 13.984 13.803 (1.30) 1.42 Total Volume Traded (N'Million) 342.047 1,617.392 372.86 N/A Total Value Traded   (N'Billion) 4.739 71.197 1402.36 N/A Number of Deals 5,057 5,166 2.16 N/A Number of Traded Stocks 104 110 5.77 N/A Number of Advanced Stocks 23 21 (8.70) N/A Number of Declined Stocks 25 26 4.00 N/A Number of Unchanged Stocks 56 63 12.50 N/A

NIGERIAN FARMERS TO EXHIBIT EWEDU, PLANTAIN CHIPS, DRIED FRUITS, OTHERS IN BELGIUM

Nigerian farmers under the aegis of Agricultural Fresh Produce Growers and Exporters Association of Nigeria (AFGEAN) will be exhibiting their products at the European Development Days in Brussels, Belgium from June 5 to June 6. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

JOHN DUMELO AND OKE-ARO PIG FARM PROMOTE PORKMONEY

Many years ago, a former President and one of the founding fathers of the United States, Thomas Jefferson, said, “Agriculture is our wisest pursuit, because it will in the end contribute most to real wealth, good morals and happiness.”

AFREXIMBANK SUPPORTS ANGOLA WITH $2B FOR ESSENTIAL IMPORTS

The African Export-Import Bank (Afreximbank) is arranging up to $2 billion in financing support to Angola, the bank’s President, Benedict Oramah, has said. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

DIAMOND BANK WORKERS TO LOSE JOBS AS THE BANK PLANS TO INCORPORATE ARTIFICIAL INTELLIGENCE IN OPERATIONS

Folks, if you a member of staff of Diamond Bank Plc, get prepared to lose your job. Do you know why? The bank has announced plans to incorporate artificial intelligence into its operations and systems. This implies that very soon, robot will take over your job. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

GEOKEN TECHNICAL SERVICES NIGERIA LIMITED

Sebuff Plaza, Suite 59, jakande roundabout, By Shoprite, Lekki- Lagos, Nigeria

OUTLET

26, Ikotun/Idimu Road, Opposite Domino Pizza, Ikotun, Lagos, Nigeria

kengeotech@yahoo.com, +2348060360538, +2348028553955

EUROPEAN UNION TO FUND COCOA DEVELOPMENT SCHEME IN LIBERIA

The European Union (EU), along with development organization, Solidaridad West Africa, launched the Liberia Cocoa Sector Improvement Programme (LICSIP) to help cocoa farmers in Liberia. The LICSIP will be funded mainly by the EU. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

AGRIBUSINESS KEY FOR AFRICA’S ECONOMIC DEVELOPMENT, SAYS UN ECONOMIST, DR. CARLOS LOPES

The Executive Secretary of the UN Economic Commission for Africa (UNECA), Dr. Carlos Lopes, has said that agribusiness has a “fundamental role” to play in the continent’s economic development. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

AFRICAN FARMING'S AGROINVESTMENT SUMMIT TO FOCUS ON THE GROWTH OF AGRICULTURE AND AGRIBUSINESS ACROSS WEST AFRICA

African Farming, with endorsement from the Federal Government of Nigeria, is all set to organise the African Farming’s Agroinvestment Summit at the Tower Hotel London from June 4-5, 2018, focusing on the Growth of Agriculture and Agribusinesses Across West Africa. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

EXPORT EXPANSION GRANT (EEG) BACKLOG HITS N350 BILLION

Prolonged approvals from the National Assembly for non-oil export incentives under the revised Export Expansion Grant (EEG) scheme, also known as the Export Credit Certificate has further increased the backlog of unpaid incentives to at least N350 billion.

http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

KEHINDE OLUGBENLE & CO

Suite 16, First Floor, God’s Own Plaza, 4, Takun Close, Area 11, Garki District, Abuja FCT, Behind Unity House

+2348028062208

NIGERIA STILL HAS WHAT IT TAKES TO BECOME THE WORLD’S MAJOR FOOD EXPORTER, SAYS FAIRTRADE BOSS, MARTINS MARZ

The Managing Director of Fairtrade, Mr. Martin Marz, a German international trade fair organising company, gave assurances that Nigeria still had the potential of becoming the world’s major food exporter. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

DAILY BUSINESS 12

NSE Statistics	25-May-18	28-May-18	1-Day Change %	YTD Change(%)
NSE All- Share Index	39,323.62	39,028.51	(0.75)	2.05
Market Capitalization  (N'Trillion)	14.244	14.137	(0.75)	3.88
Total Volume Traded (N'Million)	295.997	222.316	(24.89)	N/A
Total Value Traded   (N'Billion)	2.949	1.643	(44.30)	N/A
Number of Deals	4,911	4,461	(9.16)	N/A
Number of Traded Stocks	115	116	0.87	N/A
Number of Advanced Stocks	12	10	(16.67)	N/A
Number of Declined Stocks	42	33	(21.43)	N/A

EXPORT FINISHED FARM PRODUCTS RATHER THAN RAW MATERIALS, JOEFES FARMS BOSS, JOSEPH OKALA, URGES FARMERS

The Chief Executive Officer of Joefes Farms Limited, Joseph Okala, has tasked farmers on exportation of finished farm produce to ensure sustainability of the sector. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

AJIBADE & CO (ESTATE SURVEYORS & VALUERS)

17, Jibowu Street, Jibowu, Yaba, Lagos, Nigeria

info@ajibadeandco.com, +2348064884966

CAMPBELL SOUP'S CEO WILL RETIRE AFTER A THREE-YEAR SLUMP

Campbell Soup Co., struggling through a three-year sales slump, said Chief Executive Officer, Denise Morrison, is retiring and will be replaced on an interim basis by board member, Keith McLoughlin. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

N264BN FINISHED GOODS EXPORTED FROM LEKKI FREE ZONE IN THREE YEARS- LASG

The Lagos State Government said over $735.8million (about N264billion) worth of finished goods have so far been exported from the Lekki Free Zone project in the last three years. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

WHY WORKERS SHOULD EMBARK ON COCOA CULTIVATION

Oscar Ofuka, the Special Adviser to the Governor of Cross River on Cocoa Development, has urged workers in the state to embrace cocoa cultivation to improve their income. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

FOUNDATION FOR PARTNERSHIP INITIATIVES IN THE NIGER DELTA TASKS GOVERNMENT ON COCOA VALUE CHAIN TO REPLACE OIL

Foundation for Partnership Initiatives in the Niger Delta (PIND) has urged government at all levels and other development partners to utilise the economic potentials available in cocoa production to cushion the effect of global oil doom. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

SUBSTANDARD TOMATO PASTE IS MUCH MORE DANGEROUS TO HEALTH THAN THE CODEINE SYRUP, SAYS ERISCO FOODS BOSS, CHIEF ERIC UMEOFIA

Chief Eric Umeofia, CEO, Erisco Foods Limited 

The tomato policy introduced by the Federal Government, if effectively implemented, can boost local production and promote Nigeria’s economic growth, the the Igwe of tomato and Chief Executive Officer (CEO), Erisco Foods Limited, Chief Eric Umeofia, has said. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

ELLE JACOBS CONSULTING

30A, Taoridi Street, Off Babs Animashaun Street, Surulere, Lagos, Nigeria

+2348063179655, +2348137244631, +2347054964702

SOUTH KOREA WELCOMES PROSPECT OF 'REIGNITED' US-NORTH KOREA TALKS

Kim Jong Un

South Korea on Saturday welcomed the renewed prospect of a summit between the United States and North Korea after President Donald Trump cancelled talks with Kim Jong Un only to suggest they might still take place. 

TRUMP PIVOTS AGAIN ON KIM SUMMIT, SAYS IT 'COULD' HAPPEN JUNE 12

President Donald Trump

President Donald Trump pivoted from his abrupt cancellation of a planned summit with North Korean leader, Kim Jong Un, saying it may still happen on the originally scheduled June 12 date. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

TECTONO CONGRATULATES OSUN STATE GOVERNOR, OGBENI RAUF AREGBESOLA

Ogbeni Rauf Aregbesola

We congratulate

The Executive Governor of

OSUN STATE,

His Excellency

Ogbeni Rauf Aregbesola,

On the 61st anniversary of his birth

DACITAS PROPERTIES

1, Badagry Street, Adeniyi Jones, Ikeja, Lagos, Nigeria

+2348027442902, +2347030658065, +2348029526881

EXTERNAL FACTORS TO IMPACT NAIRA NEXT WEEK OIL SLIPS

Emerging market currencies like the Nigerian Naira are likely to seek direction from external factors next week, with emphasis likely to be placed on the breaking development that the United States and North Korea summit has been cancelled by President Trump.

http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

NYSC PLACES OF PRIMARY ASSIGNMENTS REJECT ESUT GRADUATES FOR BEING ILLITERATES

Hmmm!!! It is no longer news that the standard of university education in Nigeria has degenerated abysmally to the extent that it is common to see graduates who find it very difficult to write or speak good English.

NON-OIL SECTOR HITS 90.3% IN Q1 1.9% GDP GROWTH

Oil’s contribution to Nigeria’s Gross Domestic Product (GDP) remains below 10 per cent in Q1 figures released a few days ago by the National Bureau of Statistics (NBS) in Abuja. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

DAILY BUSINESS 13

NSE Statistics 23-May-18 24-May-18 1-Day Change % YTD Change(%) NSE All- Share Index 40,150.55 39,723.85 (1.06) 3.87 Market Capitalization  (N'Trillion) 14.544 14.389 (1.06) 5.73 Total Volume Traded (N'Million) 266.703 256.430 (3.85) N/A Total Value Traded   (N'Billion) 4.674 2.003 (57.15) N/A Number of Deals 3,721 4,111 10.48 N/A Number of Traded Stocks 112 104 (7.14) N/A Number of Advanced Stocks 15 8 (46.67) N/A Number of Declined Stocks 28 35 25.00 N/A

IMPROVED ACCESS TO RAW MATERIALS BOLSTERS MANUFACTURING SECTOR GROWTH IN Q1

Significant improvement in access to foreign exchange for purchase of raw materials, as well as allocation to sectors with priority demands may have aided the sector’s Gross Domestic Product (GDP) growth in Q1 2018. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

ULTIMATE HEALTH MANAGEMENT SERVICES LIMITED

4th Floor, Tsukunda House, Plot 1446, Constitution Avenue, Central Business District, Abuja FCT, Nigeria

+2348111111448, +2348060665572, +2348169591524

FOLKS, HAVE YOU THOUGHT ABOUT PLANNING YOUR RETIREMENT WITH FCMB GROUP

PEOPLE OF OUR LAND, WHERE DO YOU SEE YOURSELF IN 30 YEARS’ TIME?

Well, it is easy enough to talk about your 5 years or 10 years plan, but have you thought about what happens after that and do you have all it takes to plan for it?

RIC-KEN MERCHANT LIMITED

31, Ogun Gbesa Street, Cooker Bus Stop, Oshodi Express Way, Lagos, Nigeria

+2348037156912, +2348155975731

YOUR SOURCE OF WEALTH COULD BE ILLEGAL, UK TELLS CHELSEA FC OWNER, ROMAN ABRAMOVICH

Roman Abramovich

If you are a fan of Chelsea Football Club, you will be surprised to know that Roman Abramovich’s alleged blood-money could be real. This is because the Russian billionaire has been told that he would need to prove that his wealth is legitimate if he wants to get back into the UK. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html 

JSK ETIQUETTE INTERNATIONAL

6B, Maitama Sule Street, Off Awolowo Road, Ikoyi, Lagos, Nigeria

sarah.wusu@jsketiquetteconsortium.com, +2348131838390

www.jsketiquetteconsortium.com

POUND SOFTENS ON PMI DISAPPOINTMENT, OIL SHAKY

The Central Bank of Nigeria has left interest rates unchanged at 14% in May for the tenth consecutive policy meeting, despite inflationary pressures steadily easing in Nigeria. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

NIGERIA'S ECONOMY SLOWS IN Q1 GOLD GAINS

Sentiment towards the Nigerian economy has been dealt a heavy blow following reports of the nation’s growth slowing in the first quarter of 2018. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

ARUNA OGUN MEMORIAL SPECIALIST HOSPITAL

2/4, Bamimosu Street, Ebute-Ikorodu, Lagos, Nigeria

+2348023841155, +2348039354964

TECTONO CONGRATULATES THE ENUGU STATE APC CHAIRMAN, DR. BEN NWOYE

Dr. Ben Nwoye

We congratulate the Enugu State Chairman of APC,

Dr. Ben Nwoye

For his successful reelection

KOMPU VENTURES

Pentagon Plaza, 23, Opebi Road, Ikeja, Lagos, Nigeria

+2348095415522, +2349035923641

TWO MEN FIGHT OVER LINDA IKEJI’S UNBORN CHILD

Extra-smart #Nigerians are getting shares of the new #Lagos by acquiring #plots, acres and hectares of land at #Ibeju #Lekki . What are you waiting for? Click: http://www.tectono-business.com/2019/07/have-share-of-new-lagos-by-investing-in.html

ZINOX BOSS, LEO STAN EKEH, AND OTHERS TO SPEAK @ MANCHESTER BUSINESS SCHOOL FORUM

Leo Stan Ekeh, GCEO, zinox Group 

Tectono Business Review gathered that the Group CEO, Zinox Group, Leo Stan Eke, Group CEO, Interswitch Group, Mitchelle Elegbe; Country Manager, Visa West Africa, Kemi Okunsanya; and Group Head, Digital Bank, Providus Bank, Frank Atat; and others are scheduled to speak at a forum  organised by the Nigerian Alumni Association of the Alliance Manchester Business School in Lagos.

BUMPAHAV NIGERIA LIMITED

9, Martins Street, Ijesha, Surulere, Lagos, Nigeria

+2348133802719, +2348094522081

N500 BILLION SUPPORT FOR MANUFACTURERS AND NON-OIL PRODUCTS EXPORTERS: THE RIGHT THINGS TO DO

Godwin Emefiele

Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) was reported to have said that the Central Bank of Nigeria (CBN) and the Nigeria Export-Import Bank (NEXIM) would provide N500 billion for small manufacturers in the country. The fund is to support the manufacturing and exportation of non-oil products. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

DEFT-RAIN SOLUTIONS

2nd Floor, 143, Ojuelegba Road, By Karimu Street Junction, Surulere, Lagos, Nigeria

+2348061597138, +2348058082048, deftcc@deft-rains.com