Business
KAM Steel Clarifies Circumstances Surrounding Worker’s Death in Ogun
The management of KAM Steel Integrated Company clarified that Yahaya Ibrahim, who tragically passed away after slipping on a roller engine at its facility along the Sagamu-Ogijo Expressway in Ogun State, was not operating the machine at the time of the incident.
According to Tunde Badejo, Head of Human Capital at the company, Ibrahim was employed by one of their contractors.
The incident occurred around 9:12 pm on Saturday and was immediately reported to the local police. Badejo emphasized that the incident was purely industrial and involved only the deceased.
An investigation is currently underway, including a potential post-mortem examination to determine the circumstances of the tragedy.
The company expressed condolences to the deceased’s family and urged the public to await the investigation’s findings and any subsequent reports.
Business
Lagos Port Welcomes the Largest Container Vessel Ever to Nigerian Port
The Lagos Port Complex in Apapa welcomes the largest container vessel ever to the Nigerian port with a capacity of 7000 TEUs. This events marks as a milestone for Nigeria and shows the growth in the country’s trade. The vessel, operated by COSCO Shipping, measures 272 meters in length and is expected to enhance the port’s efficiency.
The terminal operator at the APM Terminal states that this achievement will strengthen Nigeria’s import and export abilities and serves as a good reputation. This event has expanded the presence of Nigeria’s port and can start to make positive changes in the economic state of the country.
Business
Bitcoin and Dollar Rise Again With Donald Trump’s Win In Election
The US Dollar and Bitcoin rise again as Trump reportedly wins the presidential election with 279 Electoral College votes against Kamala Harris’s 22. Major investors have now returned and do no longer need to be cautious.
Investors now anticipate Trump’s policies economically, Dollar has now strengthen again and is now against Euro and Pound which were gaining benefits over Dollar being weak. With Trump’s win, crypto and Bitcoin have strongly risen and are set with expectations higher prices and a boost in U.S savings returns.
Business
USD Weakens Amid The Upcoming US Presidential Election
The Upcoming United State Presidential has caused USD to be weak due to the investors being cautious of the outcome. Meanwhile other countries are gaining strength in their currency and benefitting from this weakness. Euro and GBP keeps rising and gaining against USD.
Gold prices still remain stables despite the recent deadline and the Australian inflation keeps rising. Markets are now watching the political movement to serve as guidance.
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