Economy
Canon unveils 4 Camera Models for Nigerian Market
Canon, a digital imaging company, on Tuesday in Lagos, launched four camera models from its EOSR-System: EOS R3, EOS R5C, EOS R7, EOS R10.
The company said the launch was part of its R-Tour to Nigeria and a demonstration of its commitment to Africa.
Canon R-Tour, which started in Morocco and Kenya, aims to build relationships by getting closer to customers throughout the African continent.
Unveiling the product, Amine Djouahra, Sales and Marketing Director (B2C), Canon Central and North Africa, said each of the products was completely different from users’ point of view and addressed different issues.
“We believe that in Nigeria, we will have so many different usage of our camera, that is why we keep bringing out new products that will be able to answer to every need.
“Nigeria is an important market to us and represents 20 per cent of our African turnover; this shows how big Nigeria market is for Canon.
“That is why we want to make Canon the most preferred brand for Nigerian customers.
“Going by our products and technologies, we are the only player who is covering such a wide portfolio from input to output when it comes to digital imaging cameras, photos, video and printing,” he said.
Djouahra assured that the company would stick to the Nigerian market in good and in its bad times.
He said, “my journey started in Nigeria in 2016 and at that time, it was time of recession; unfortunately, naira was jumping from N200 to almost N400.
“Seven years later, after a small disruption from the market due to coronavirus, we are back to hold this kind of gathering and unfortunately naira is also fluctuating again.”
He pledged the company’s commitment to do its best to continue to adapt to situation in Nigeria.
“We will continue our very best to adapt our business operations; why the country is progressing.
“Today, I will say that we are still running business, we are still recruiting people, we are still expanding our partnership, we believe that Nigeria will have better days in the future,” he said. (NAN)
The Nigerian Exchange Ltd. (NGX) continued its bullish trend on Wednesday, gaining N183 billion.
Accordingly, the market capitalisation, which opened at N59.532 trillion, gained N184 billion or 0.31 per cent to close at N59.715 trillion.
The All-Share Index also added 0.31 per cent or 303 points, to settle at 98,509.
68, against 98,206. 97 recorded on Tuesday.Consequently, the Year-To-Date (YTD) return increased to 31.
74 per cent.Gains in Aradel Holdings, Zenith Bank, United Bank For Africa(UBA), Oando Plc, Nigerian Breweries among other advanced equities drove the market performance up.
Market breadth closed positive with 34 gainers and 17 losers.
On the gainers’ chart, Africa Prudential, Conoil and RT Briscoe led by 10 per cent each to close at N14.30, N352 and N2.42 per share, respectively.
Golden Guinea Breweries followed by 9.95 per cent to close at N7.18, while NEM Insurance rose by 9.74 per cent to close at N10.70 per share.
On the other hand, Julius Berger led the losers’ chart by 10 per cent to close at N155.25, Secure Electronic Technology Plc trailed by 9.52 per cent to close at 57k per share.
Multiverse lost 7.63 per cent to close at N5.45, Haldane McCall dropped 6.07 per cent to close at N4.95 and Honeywell Flour shed 5.62 per cent to close at N4.70 per share.
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 49.44 per cent.
A total of 320.10 million shares valued at N6.48 billion were exchanged in 7,943 deals, compared with 939.41 million shares valued at N12.81billion traded in 9,098 deals posted in the previous session.
Meanwhile, ETranzact led the activity chart in volume with 70.27 million shares, while Aradel led in value of deals worth N1.22 billion.(NAN)
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 22 pips to 7.1870 against the dollar on Monday.This is according to the China Foreign Exchange Trade System.In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (Xinhua/NAN)
Arewa Youths Initiative for Energy Reforms (AYIFER), has urged Nigeria National Petroleum Corporation Limited (NNPCL) to do everything possible to bring Kaduna Refinery back into operation.
National Coordinator of the group, Mr Bashir Al’Amin, stated this in a statement issued on Friday in Abuja.
Al’Amin specifically called on the Chief Executive Officer of NNPCL, Mallam Mele Kyari, to do all within his powers to rejuvenate the refinery and bring it up to global standard.
He said that having delivered the Port Harcourt refinery, coupled with the establishment of Dangote Refinery in Lagos, attention should be shifted to Kaduna refinery for easy spread of petroleum products.
“We are calling on Malam Mele Kyari to expedite action on Kaduna refinery so we can be at par with other regions in the country.
“We equally beg the NNPCL to do professional work in rehabilitating the old refinery and deliver a standard and functional petrochemical refinery and not a blending plant.
“Kyari should resist any temptation that could make him do something that can jeopardise his good image,” he said.
Al’Amin said that since the extinction of groundnut pyramid and textiles in Kano State as well as PAN in Kaduna State and with the Kaduna refinery getting moribund, a lot of youths had lost their jobs.
According to him, all their hopes in the north are tied to the legacy refinery, expressing the hope that God would use Kyari to deliver it well and on time.
He said that the group was solidly behind NNPCL in prayer and would be ready to celebrate the company if its expectations were met. (NAN)
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