I bought an army rosette, at last!

I bought an army rosette, at last!

ON Sunday, December 15th 2013 at about 6.00 am, I arrived at the newly reconstructed General Aviation Terminal (GAT) of the Murtala Muhammed Airport, Ikeja on my way home to begin my annual vacation. At the entrance to the departure hall, a couple of ladies smartly decked out in the charismatic uniform of the Nigerian Army, all smiles, approached me with army rosettes, offering to pin one on my shirt front. Usually, for this favour, you pay a token sum of money to support the army. The most charming military chicks around are picked for this event, which is a cherished tradition worldwide.
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Advertising industry requires new thinking to remain dynamic-Verdant Zeal MD

Advertising industry requires new thinking to remain dynamic-Verdant Zeal MD

Mr. Tunji Olugbodi has a chequered career in the marketing communications industry. He is a Fellow of the Advertising Practitioners Council of Nigeria, APCON, who started his career as a Judicial Correspondent /Sub-editor with the Guardian Newspaper before his foray into advertising with Promoserve and Prima Garnet. Presently, he is the Group CEO of Verdant Zeal, a young and vibrant agency. Recently, one of his subsidiary companies, Neo Mantra, organised the Native & Vogue International Fashion event in Port Harcourt, which attracted global attention. He speaks on the importance of innovation and invention as key ingredients to sustain the industry.

Naira depreciates as external reserves maintain downward trend

Naira depreciates as external reserves maintain downward trend

The naira depreciated across all the three segments of the foreign exchange market last week in response to increased demand for foreign exchange. Vanguard investigation revealed that the naira depreciated by 200 kobo at the parallel market as the parallel market exchange rate rose to N171 per dollar at the close of business on Friday from N169 per dollar in the previous week.

FG calls for global action on illicit financial flows

FG calls for global action on illicit financial flows

The Federal Government has called for global action against illicit financial flows estimated to be around $50 billion annually in Africa.
The Supervising Minister of National Planning, Amb. Bashir Yuguda, made this call, Friday, in Abuja at the opening of the 12th plenary session of the Leading Group on Innovative Financing for Development, which Nigeria hosted under its Presidency tenure.

Business leaders, wary of lingering uncertainties —LCCI

Business leaders, wary of lingering uncertainties —LCCI

The Lagos Chamber of Commerce and Industry, LCCI, has said that the decline in the Business Confidence Index (BCI) score at this time suggests that business leaders are increasingly wary of some lingering uncertainties in the country.

Osun set to access N1.5bn FMBN housing loan

Osun set to access N1.5bn FMBN housing loan

Osun State government has commenced moves to take up a housing development loan facility of N1.5 billion offered by the Federal Mortgage Bank of Nigeria (FMBN)
To this end, Gov. Rauf Aregbesola recently wrote a letter to the State House of Assembly seeking approval to access the loan. In the letter, the governor said if approved, the loan would be used to build 342 housing units by the State Property Development Corporation. He said the houses would be sold to the contributors to the National Housing Fund in the state public service.

Nigerians decry extra charges on PMS sales to containers  

Nigerians decry extra charges on PMS sales to containers  

Vanguard investigation has revealed that most of the filling stations in Lagos, especially those located within residential areas charge additional fees for the commodity bought using containers. The extra charges range from N30 to N100 and depend on the quantity of PMS a customer wants to buy.
During investigation which covered areas from Surulere to Apapa in Lagos, it was discovered that most of the PMS retailers were involved in the unwholesome practice.

FG launches Nigeria Mortgage Refinance Company

FG launches Nigeria Mortgage Refinance Company

THE Federal Government has launched the Nigeria Mortgage Refinance Company, NMRC, patterned after the U.S.’s Fannie Mae, with plans to sell bonds in capital markets in a bid to tackle the 17 million-unit housing deficit in Africa’s most populous nation.

How e-commerce operators can measure success

How e-commerce operators can measure success

The availability of data in today’s digital world has led many business professionals to become overwhelmed with analytics and performance metrics.
To stay focused on growth, however, it is imperative for professionals to choose a handful of metrics that will adequately showcase the performance of their business.

Our target is to achieve global visibility in 2014 —NSE boss

Our target is to achieve global visibility in 2014 —NSE boss

The Nigerian Stock Exchange, NSE, will concentrate on achieving global visibility in 2014 having recorded some milestone in the effort of restructuring and improving technology development in the last three years, says Oscar Onyema, the NSE’s Chief Executive Officer.

Ajoms random notes: Cape Town of my dream

Ajoms random notes: Cape Town of my dream

When after a long wait, the South African High Commission in Lagos granted me visa to allow me cover the African Nations Championship, my boss, Tony Ubani told me I was in for a good trip. His description of a good trip was hinged on the beautiful sights and sounds Cape Town would offer. “It is one of the most beautiful cities in the world,” my well travelled boss had assured me.

Lack of information stalls Nigerians’ access to Turkey’s €2bn loan

Lack of information stalls Nigerians’ access to Turkey’s €2bn loan

Lack of information by Nigerian businessmen and women has stalled their access to €2billion (N435.9 billion) loan earmarked for them by the Eximbank in Turkey.
Out of the €2 billion in the Turkey bank, €400million (N87.2 billion) which was set aside for Nigerians with viable business proposals to access in 2013 is still in the vault of the eximbank till now.

CMC retreat:  Implications for  capital market development

CMC retreat: Implications for capital market development

The Capital Market Committee, CMC, Retreat has been accepted and acknowledged by various stakeholders as one of the developments that has happened in the Nigerian capital market and has jointly contributed to the recent recovery and growth of the market.