Thursday December 18th, 2014
Thursday December 18th, 2014
Latest

IGI continues strategic restructuring

  /   in Finance 12:01 am   /   Comments

Mahmud Yayale Ahmad

Industrial & General Insurance Plc has continued with part of the strategic restructuring initiated by the late Executive Vice Chairman Mr. Remi Olowude by appointing three professionals as board members.

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RMRDC seeks government protection for herbal sector

  /   in Finance   /   Comments

Cassava farm

The Raw Material Research and Development Council, RMRDC, has emphasized the need for the Federal Government to formulate policies that will enhance development of herbal industry and facilitate the judicial and sustainable utilization of Medicinal and Aromatic Plants, MAPs.

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Dangote tasks young entrepreneurs to stay focused

  /   in Finance 8:26 pm   /   Comments

DBanj-and-Dangote

The Chairman, Dangote Group, Alhaji Aliko Dangote, weekend, urged young and upcoming entrepreneurs to always stay focused on achieving their dreams regardless of the challenges of doing business in Nigeria.

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Dunn Loren Merrifield bags LEAD’S Corporate Mandate Delivery Award

  /   in Finance 5:15 pm   /   Comments

(L-R) Mr. Bola Bhadmus, DLM Group Chief Marketing Officer, Mr. Ochekwu Morgan, National President, LEADS Africa presenting Africa's Patriotic Personality of The Year award to Mr. Sonnie Ayere, Founding Chairman, Dunn Loren Merrifield Group while Mr. Tola Odukoya, Managing Director, DLM Asset Management & Research Co.

League of African Democratic Students (LEADS) has awarded Nigeria’s Investment firm, Dunn Loren Merrifield with the Corporate Mandate Delivery Merit Award.

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‘Blame Okonjo-Iweala, Sanusi for Nigeria’s economic woes’

  /   in Finance 4:57 am   /   Comments

Sanusi Lamido Sanusi and Okonjo-Iweala

Economists, private sector operators and bankers have concluded that the present economic woes bedeviling the country cannot be attributed to the current crash in oil prices but to the lack of monetary and fiscal policy coordination in the last four years.

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Naira: CBN stops update of data on external reserve

  /   in Finance   /   Comments

CBN Headquarters

In apparent bid to reduce apprehension over the persistent decline in the nation’s external reserve and its ability to defend the naira, the Central Bank of Nigeria (CBN) has stopped update of data on the external reserve.

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51% of adult Nigerians live in rented houses — NOI Polls

  /   in Finance   /   Comments

Gooluck Jonathan Estate in Abuja. (Credit Channels)

A national survey carried out by NOI Polls Limited has revealed that 51 percent of adult Nigerians currently live in rented apartments, while 31 percent claimed they live in their personal houses, which may have been built, bought or even inherited.

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Start-ups need to have money management skills— Yinka Olaito

  /   in Finance   /   Comments

•Yinka Olaito...whatever business you find yourself in, read as if you are going for Cambridge exam

Mr. Yinka Olaito is the Chief Executive Officer of Michael Sage Consulting, a brand and digital communication service outfit. In this chat with Financial Vanguard recently, Olaito speaks on digital communication business, challenges of doing business in Nigeria and lots more

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FG to save N187bn annually on cassava consumption

  /   in Finance   /   Comments

*Minister of Agric & Rural Development, Dr. Akin Adesina, with a sample of the  pro-vitamin A cassava roots at the launch of the pro-Vitamin A cassava varieties and their assorted products last week, at the National Root Crops Research Institute, NRCRI, Umudike.

Federal Government says the country will save a whopping N187 billion annually with the consumption of cassava bread by Nigerians. The Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Arc. Sonny Echono disclosed this at the launching of the Cassava/ Wheat Composite Flour and presentation of baking equipment to master bakers in Abuja.

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MSMEs represent 75% of national employment — Aganga

  /   in Finance   /   Comments

Minister of Trade & Investment, Olusegun Aganga

The Minister of Industry, Trade and Investment, Dr. Olusegun Aganga has said that the Micro, Small and Medium Enterprises, MSMEs contributes 75 per cent to national employment.

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Agric revolution: AfDB, AGRA to strengthen cooperation

  /   in Finance   /   Comments

Onyeani-Nwosu-farm

The African Development Bank Group (AfDB) and the Alliance for a Green Revolution in Africa (AGRA) institutions have agreed to strengthen their cooperation to speed up Africa’s agricultural transformation

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The unending woes of Naira exchange rate

  /   in Broken Links, Finance   /   Comments

naira-Dollar

The pressure on the naira at the foreign exchange market might continue to mount and see further depreciation in value of the naira this year. The Naira fell by 200 kobo on Tuesday, as the parallel market exchange rate rose to N180 per dollar from N178 per dollar on Monday.

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CBN to begin comprehensive review of e-payment guidelines

  /   in Finance   /   Comments

Mr Godwin Emefiele answering questions  during his screening by the Senate for  Central Bank Governorship in Abuja on Wednesday

The Central Bank of Nigeria (CBN) said it would soon commence comprehensive review of electronic payment guidelines in the country.

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How Nigerians can benefit from online Black Friday sales

  /   in Finance   /   Comments

The Wired World: A graphic representation of the Internet

Black Friday is the most celebrated shopping day in history. Everything and everyone is up for a bargain, it is simply a day when you see the craziest discounts on various products from mobile, electronics, home appliances and fashion to beauty products. For many it has become a day when people save to do all their shopping for the year. For some, it kicks off the Christmas season with a perfect opportunity to get those Christmas gifts for friends and loved ones

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Institute earmarks N640bn for 20,000 housing units

  /   in Finance 8:52 pm   /   Comments

Gooluck Jonathan Estate in Abuja. (Credit Channels)

The Institute of Empowerment and Strategy (IES) has unveiled plans to commence the construction of 20,000 housing units across the country.

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Dangerous cargoes streaming in through lapses in PAAR — Customs agents

  /   in Finance 12:50 am   /   Comments

containers

Clearing agents under the aegis of National Council of Managing Directors of Licensed Customs Agents, NCMDLCA, has warned of the potential danger posed by the influx of dangerous cargoes following the lapses in the Pre-Arrival Assessment Report, Regime, PAAR.

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How banks grow customers’ wealth through promos

  /   in Finance   /   Comments

naira money

Recent trends in the banking sphere seem to suggest a changing twist for good as the customer is treated to various forms of incentives to woo them over as investment partner.

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Visa partners foundation to promote financial inclusion

  /   in Finance   /   Comments

Point of Sales, POS, facilities

The global payments network, Visa Inc. has entered into partnership with Cherie Blair Foundation for Women, First Bank of Nigeria (FBN) Plc and Youth for Technology Foundation (YTF) to provide women entrepreneurs with mobile technology solution to promote financial inclusion in Nigeria.

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REIT boosts housing supply in Nigeria — FSDH Asset

  /   in Finance   /   Comments

housing

Nigeria’s housing challenges will be partly addressed with increased investment in Real Estate Investment Trust, REIT, as it is currently enabling the construction of properties for different classes of individuals and corporate organisation in different parts of the country, said Mrs. Olumayowa Ogunwemimo, Managing Director, FSDH Asset Management Limited.

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The Basic Guide to Starting Your Business Part 5

  /   in Finance   /   Comments

*Some of the items donated to graduates of the centres.

There are many differing views on what makes someone an entrepreneur and what an entrepreneurial venture is.

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Investment into Free Trade Zones hits N2.7trn — NEPZA

  /   in Finance   /   Comments

A fully loaded truck in one of the inland dry ports in the sub-region, will be delayed, harassed for bribes by the numerous security agents along the region’s transport corridor before it gets to its destination.

Nigeria Export Processing Zones Authority, NEPZA has raked in a whopping N2.7trillion, an equivalent of $13.5billion investment into the country’s Free Trade Zones, FTZs.

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Medview Airlines airlifts 756,437 passengers in two years

  /   in Finance   /   Comments

Muneer Bankole

Medview Airlines last week revealed that it has airlifted a total of 756,437 passengers on its domestic route since it started operations in the country in October 2012.

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Africa must increase fertiliser input to boost productivity – Mkandawire

  /   in Finance   /   Comments

fertilizer farm

P rofessor Richard Mkandawire, Vice President of the African Fertiliser Agribusiness Partnership (AFAP) was once the Head of Resource Mobilisation, Partnerships and Communications at the NEPAD Planning and Coordinating Agency (NEPAD Agency).

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Stakeholders worry over sustainability of market agreement

  /   in Finance   /   Comments

economy

Continuous default on rules and regulations guiding insurance operation by practitioners have made the National Insurance Commission, NAICOM, to call for a new market agreement for members of the Nigerian Insurers Association, NIA, as a form of self regulation amongst insurance operators.

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No wrong-doing in our hotels’ IPO, says Transcorp

  /   in Finance   /   Comments

Transcorp

The management of Transnational Corporation of Nigeria has denied any wrong doing in the Initial Public offer of Transcorp Hotels, saying that it breached no known regulation or law in the process.

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Getting slaughtered again on the Nigerian Stock Exchange?

  /   in Finance, Sobowale On Business   /   Comments

Nigerian-Stock-Exchange-(NS

The current travails of investors in the Nigeria Stock Exchange, NSE, has once again convinced me that Nigerians, including those we regard as the “brightest and the best”, never learn from history. Back in November last year, writing under the title, ANOTHER CAPITAL MARKET CRISIS COMING UP, I warned my Fellow Countrymen about the crisis they now face in the NSE. Once again, I was ignored.

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Lower trade and higher poverty rate are cousins

  /   in Finance   /   Comments

...A typical house that requires renovation

Nigeria is not just a place to set up a business. The country is a big and growing market. Investing in Nigeria is tantamount to connecting to a big market

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Staff indifference slows enrollment for biometric verification

  /   in Finance   /   Comments

BANK

There are indications that banks may not to meet the deadlines for the enrolment of their customers for the Biometric Verification Number (BVN) due to staff indifference to the enrolment exercise.

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Power of leveraging partnership for brand loyalty

  /   in Finance   /   Comments

Minister of Tourism, Culture and National Orientation, Chief Edem Duke (middle)  displaying collaterals for  The Brand: Fascinating Nigeria; Beckoning Beauty at the National Theatre, Lagos. With him are the Director Generals of Nigeria Tourism Development Corporation, Mrs. Sally Mbanefo and Alhaji Kabiru.

Manufacturers and marketers alike today are turning to a number of different marketing tools to grow and drive their brands and businesses forward. Within the busy world of brand marketing, utilizing the strength of marketing alliances or marketing partnerships to get product into new channels and venues is an essential marketing element to generate incremental sales.

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NIMN seeks legal support to check quackery

  /   in Finance   /   Comments

supermarket

The National Institute of Marketing of Nigeria, NIMN, has asked the nation’s judiciary and office of the Minister of Commerce, Trade and Investment to make proclamations on the NIMN Act, to enable it check activities of quacks and erring members.

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Banks resist CBN’s forex intervention

  /   in Finance   /   Comments

Mr Godwin Emefiele answering questions  during his screening by the Senate for  Central Bank Governorship in Abuja on Wednesday

Banks have started resisting efforts of the Central Bank of Nigeria (CBN) to intervene in the interbank foreign exchange market.

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Shoptomydoor’s breaking barriers to international commerce — Udeh

  /   in Finance   /   Comments

Shoptomydoor is a Nigerian online retailer that allows Nigerians, individuals and business owners, shop from over 80, 000 stores in UK, U.S.A and China. In this interview with Jonah Nwokpoku, the Managing Director/Chief Executive Officer of Shoptomydoor, Nduka Udeh said Shoptomydoor is using e-commerce to explore international commerce by providing an avenue for Nigerians to shop from any store that will traditionally not ship to Nigeria. He explained, among other things how Shoptomydoor works and how the business model is opening up Nigeria’s economy.

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