The Nigerian currency, which initially traded at 365/dollar, recorded slight after the Central Bank of Nigeria (CBN), sold $462m to players in the foreign exchange market last Monday.
The apex bank specifically sold the total sum of $462,336,426.74.
A breakdown showed that the Retail Secondary Market Intervention Sales received the largest allocation of $267.3m, while the sum of $100m was offered for wholesale interventions; the sum of $50m was allocated to the Small and Medium Enterprises forex window.
The Central Bank of Nigeria (CBN) has declared that as from January 1, 2018, customers of microfinance banks and other financial institutions (OFIs) without the bank verification number (BVN) will be unable to make withdrawals from their accounts.
The statement which was issued by the director, other financial institutions supervision department, Tokunbo Martins, quoted the apex bank as saying that it extended the deadline following appeals from various bodies.
“As you are aware, the deadline expired on July 31, 2017, and consequently several OFIs are in breach of this regulatory directive,” the statement read.
In March, Kemi Adeosun, minister of finance had written to Godwin Emefiele, CBN governor, requesting that the BVN registration exercise be extended to microfinance banks.
“We have already commenced a review of such cases to identify and investigate cases of fraud,” she had said.
“We know that extending the requirement for BVN to microfinance banks may put a huge financial strain on the smaller microfinance banks; but some such as National Police Force microfinance (NPF), have over 27,000 salary accounts.
“Our inability to perform checks on such a large number of salary earners is a key risk.
“This will support the federal government’s efforts at reducing leakages to create headroom for the capital projects that will support the growth of the economy.”
Mr Isaac Okorafor, Acting Director in charge of Corporate Communications, CBN made this known in a statement in Abuja.
He said the intervention was in line with the commitment of the apex bank to sustain and deepen flexibility in the foreign exchange market to further enhance foreign exchange flow in the economy.
A breakdown of the forex intervention figures obtained from the bank indicated that the Retail Secondary Market Intervention Sales (SMIS) received the largest allocation of $267,336,426.74.
The CBN also offered $100,000,000 as wholesale interventions, while $50,000,000 was allocated to the small and medium enterprises (SMEs) forex window.
Those requiring foreign exchange for Business/Personal Travel Allowances, tuition and medical fees, among others, got a total allocation of $45,000,000.
With yesterday’s forex supply, the total intervention made by the CBN for the week came to $657,336,426.74.
The CBN spokesman said: “the leadership of the CBN is impressed by the positive impact its current foreign exchange management is having on the manufacturing sector, agriculture and economic activities in general across the country.”
Okorafor expressed optimism that the Bank’s intervention, coupled with complementary fiscal efforts, would restore the economy to the path of growth.
Meanwhile, the naira maintained its steady rate against major currencies around the globe, appreciating to N360 to the dollar in the BDC segment of the market on Friday.
TECNO Mobile, leading mobile phone maker and ‘Official Tablet and Handset Partner of the Manchester City Football Club’, announced exclusive sales agreement with SLOT Systems outlets today. The contractual partnership provides for the exclusive nation-wide distribution of Camon CX Manchester City Limited Edition smartphones.
Addressing the media on the partnership and unveiling of the Camon CX Manchester City Limited Edition, Attai Oguche, Deputy Marketing Manager, PR, offline events and sponsorships, TECNO Nigeria said: “TECNO aims to leverage SLOT Systems’ nationwide presence to connect with local consumers who wish to experience or buy the flagship. “
“Only 200 units of Camon CX Manchester City Limited Edition Smartphones will ship to Nigeria this summer and we want to make the distribution nationwide. SLOT Systems stands out as the retail partner that can deliver high quality of customer service for this unique flagship.” Attai Oguche added.
“Over the past decade, SLOT Systems Ltd. has been delivering tailor-made customer service to Nigeria’s mobile phone consumers by leveraging advanced technology and trained personnel,” said Nnamdi Ezeigbo MD, SLOT Systems Ltd. “We are happy to partner with TECNO to provide our consumers with unparalleled mobile experience with the introduction of the new Camon CX Manchester City Limited Edition smartphones.”
TECNO Camon CX flagship is the latest in a line of photo-focused smartphones of the TECNO Camon series; best known for its premium camera upgrades and pocket friendly price tag. The Camon CX Manchester City Limited Edition features the City blue color and includes the official crest on the reverse.
Camon CX Manchester City Limited edition stays true to the revolutionary pixel sensor and denoising camera technologies of the latest Camon CX/ CX Air flagships.
Like Camon CX/CX Air, the phone also comes with dual cameras hosting 4-in-1 light denoising technology. This means the signal-to-noise (SNR) capability is 1.7 times better than the average smartphone and has an incredible capability to shoot beautiful, stunning photography in low-light.
Each pixel sensor on the 16MP front and back cameras detect and transmit light from any image as independent signals that collectively forms the final image of a picture. This state-of-the-art camera technology results in selfies that are thirty percent brighter than selfies from average smartphones.
This unique smartphone standout features such as full-metal casing in City blue, a laser-etched Manchester City crest on the rear and an upgraded storage space of 4GB RAM/ 64GB ROM, much bigger than Camon CX.
Customers who unbox the new phone will also enjoy customized gift packs including a City branded selfie stick, water bottle and Bluetooth speakers.
The Camon CX Manchester City Limited edition will ship mid-July to Nigeria. Pre-order at SLOT outlets from the 17th – 21st of July 2017.
More Photos from the launch below:
About Tecno Mobile
TECNO Mobile, born in 2006, is a premium mobile phone brand of Transsion Holdings. As the first dual-SIM handset supplier in Africa, TECNO is dedicated to transforming state-of-art technologies into localized products under the guideline of “Think Globally, Act Locally”. By now, TECNO has spread its presence in around 50 countries across the globe. Its product portfolio comprises of smartphones, tablets and feature phones.
Adhering to the brand essence of “Experience More”, TECNO is committed to enriching customers’ recreational life by providing customized quality products. In 2014 and 2015, TECNO maintained top 20 “Most Admired Brands in Africa” as per African Business, the most influential business magazine in the continent. In 2014, TECNO was awarded the International Quality Crown Award in the Gold Category in London.
As a fast-growing international brand, TECNO has achieved an accumulative sales volume of 120 million units. It is now one of the top three mobile phone brands in Africa and a major player worldwide.
TECNO is fully supported by Transsion’s strength in manufacturing, R&D and after sales services. With 5 manufacturing units around the world, the company is capable of producing 300,000+ handsets per day. Transsion R&D centres are located in Shanghai, Beijing, Lagos (Nigeria) and Nairobi (Kenya) with more than 800 experienced professionals, which are paired with an outstanding design team in France. Transsion’s after sales service brand has 1000+ service touch points globally powered by 4 repair factories to provide unequalled support to TECNO consumers.
Manchester City FC is an English Premier League club whose roots began in East Manchester in 1880 as St Mark’s West Gorton. It officially became Manchester City FC in 1894 and has since then gone onto win the European Cup Winners’ Cup, four League Championship titles, including two Premier League titles, and five FA Cups. Manchester City FC is one of four teams comprising the City Football Group and counts New York City FC, Melbourne City FC and Yokohama F-Marinos among its sister clubs.
Under manager Pep Guardiola, one of the most highly decorated managers in world football, the Club plays its domestic and Champions’ League home fixtures at the Etihad Stadium, a spectacular 55,000 seat arena that City have called home since 2003. Today, the Stadium sits on the wider Etihad Campus, which also encompasses the City Football Academy, a world-leading first team training and youth development facility located in the heart of East Manchester. Featuring a 7,000 capacity Academy Stadium, the City Football Academy is also where Manchester City Women’s Football Club and the Elite Development Squad train on a daily basis and play their competitive home games.
The average Nigerian graduate stumbles through processes just because he has to. In high school, only a handful of students have access to career counsellors who can guide them at the early stages of choosing prospective careers.
University education is mostly a next logical step with most people picking their majors without all the necessary considerations. Shielded from the realities of a cutthroat employment market, the average Nigerian graduates from the University with all the wrong notions.
He is quickly confronted with a few realities.
Work Experience is the most useful commodity out here, however as we now live in the digital age, being equipped to not just survive but thrive in a digital economy becomes paramount to career success.
Not a lot of employers want to go the route of training graduates. They want experienced professionals and they want them by the boatload at the snap of their fingers. A lot of job seekers try to circumvent this problem by applying for Masters programs and professional certifications but they become over qualified with no practical work experience.
Two years in, they are armed with more certifications than experience, the problem persists.
The Career Insights Solution:
Career Insights has approached the problem differently, going above and beyond providing training on Digital Project Management and Business Analysis. Career Insights aims to ensure young graduates & professionals as well as people looking for a career switch can gain invaluable digital expertise and experience while they learn on the job.
The key is the ability to quickly adapt and offer flexibility:
Work experience and on the job training can be done on their flagship platform- eWorkexperience, ensuring candidates can learn at their own convenience or they could just walk into the company’s DigiHub centre in Ikoyi. A huge part of the candidates learning will be working on actual digital projects to ensure it’s not just a load of theoretical learning.
Be Mentored by those already in the market:
A crucial part of success is effective mentoring. Who best to give you a hand and help you move up the career ladder than someone who has been where you are and now where you want to be. Candidates are assigned to mentors who are already industry experts in the digital field but once used to be candidates.
Live Digital Projects:
Digital Bananas Technology is a UK based company offering digital solutions to the UK and emerging market. The parent company of Career Insights. Candidates will have the opportunity to gain international work experience from the convenience of their homes while collaborating with 3,000+ UK professionals as they analyse, design, develop and deploy digital transformation initiatives focusing on the added value of big data/ analytics, cloud computing, mobile and social business.
With the experience gained, candidates can work for multinationals in Nigeria, work abroad or gain enough experience to launch their own digital business of next innovative app.
To date, Career Insights has helped over 4,000 Nigerians secure high paying digital roles in the UK and their recent success story in Nigeria is a graduate who secured a digital business analyst role with HSBC UK from Nigeria.
Our 4,000 success stories point to the fact this works. After all, the proof of efficiency is in results. Each year Career Insights parent company, Digital Bananas Technology holds the DBT Awards, rewarding success and celebrating excellence in the UK you can watch the first one in 2014 here youtu.be/3QeciaoRWoE
This is Kolawole. Kolawole is a classic Amebo. His friends prefer his news to a certain Linda…never mind.
Kolawole doesn’t tell you to send a broadcast to five of your friends or you will die, Kolawole didn’t tell his friends to bath with salt water during the Ebola scare, He values the lives of his friends so much.
Kolawole has never shared those ‘Like and type AMEN’ posts on Facebook. He is smart, he knows his friends will ignore him without thinking twice.
When a Hot Gist comes, Kolawole doesn’t swallow it alone.Kolawole is not a glutton, he shares what he hears.
Everyone has that one friend that won’t call for months until they need your vote for themselves or their random uncle’s neighbor’s colleague’s wife’s sister’s friend for a beauty pageant or whatever they come up with these days. In good faith, you vote. Try to say hi some seconds later and pooof that friendship is Gone with the Wind until the next beauty pageant… LOL
You know how you scroll through your phone book for just one number and you keep scrolling like it’s a paid job?
There is an awesome way to make use of that phone book and as the good friend, I will tell you; what are friends for? winks
Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria (ABCON), while decrying the spike in the exchange rate, had commended the CBN for keeping it below N500 to a dollar.
Which dropped by 58.84 per cent, 46.68 per cent and 37 per cent, respectively, for the period.
The currencies that performed well are the Russian ruble, Brazilian real, the palladium, the Iceland krona, and silver, which appreciated by 21.31%, 20.96%, 20.08%, 14.42% and 14.41% respectively – ending the year as the best five performing currencies of the world.
Two Africa currencies, the Zambian kwacha and South African rand, emerged as the sixth and seventh best performing currencies in the world. The kwacha and rand appreciated by 11.96 per cent and 11 per cent respectively.
The report stated: “It was a particularly bad year for any currency called the ‘pound’. The Egyptian version was the worst performer in 2016 as the nation took the dramatic step of allowing it to trade freely in an attempt to stabilise an economy struggling with a dollar shortage and concerns over social unrest. Britain’s pound tumbled after the Brexit and never recovered.”
“When it comes to currencies issued by governments and central banks, the Russian ruble has been the best performer of the year as the oil market rebounded.
“While the UK currency’s slide didn’t match those in some emerging markets, it did tally the worst performance among major currencies.”
Some of the factors that affected the Naira according to Bloomberg included bombing of pipelines by militants and the economic recession.
Tomrrow, Saturday November 19th, 2016, The Kinky Apothecary’s Nigerian Natural Hair & Beauty Show: Nigeria’s first ever expo dedicated to healthy hair, beauty and lifestyle, returns for the second year.
With celebrity stylist Felicia Leatherwood who has styled Will Smith, Viola Davis, Teyonah Parris and Jill Scott over the last 20 years, Felicia is an expert on all things hair, and was so at home in Lagos that she’s returning for her 3rd year.
The Kinky Apothecary C.E.O Nibi Lawson stated “The first Nigerian Natural Hair + Beauty Show last year was beyond my wildest expectations! Working with a great team this year, we can’t wait to reveal something even bigger: a fun yet educational environment where people can relax, mingle, shop, but most importantly, learn”.
This year there are more speakers and more activities from interactive hair sessions, live hair demos, pop-up shops for discounted products, panel discussion, networking, children’s play area and many mor .
Ticket information: Afritickets.com, or in person in one of the following ways: Uwa Earth Foods – 4 Abayomi Shonuga Road, off Dele Adedeji, Lekki Phase 1 A Whitespace Creative Agency – 58 Raymond Njoku Road, Off Awolowo Road, Ikoyi The Beauty Insider (formerly Sacred Beauty) – 2 Abiola Close, Shonibare Estate, Maryland, Ikeja or by calling us on 0817 694 5728.
Jiji.ng is the biggest Nigerian classifieds website. However, it is not just a collection of ads. Jiji can offer much more, and this is what makes it the best marketplace in the country. Here you can easily find everything you need or dream of – literally everything!
Whether you want to buy a pair of socks, a tablet, a chair or a house, you can do it with Jiji. The website allows to post ads absolutely for free for people from all over the country. As a result, the amount of categories and ads in each of them is huge. The selection is not limited to new or used items only – you can find both here.
One of the best features of using this service is Jiji android App. It settles down in phones and puts hundreds of thousands of offers in your pocket, making them accessible whenever you feel like shopping. Even right at this moment!
Reason to use Jiji App are numerous:
It is designed for Android and iOS and you can download it for free.
Installation is very quick.
Minimum of advertising is guaranteed.
Convenient filters, just as in the full version.
It doesn’t use much data and traffic.
It doesn’t occupy much space and doesn’t influence your phone’s functionality.
As a buyer, you can:
Scan the vast variety of ads.
Create the lists of things that fit you perfectly by using tags and filters.
Open suggested and similar ads.
Read detailed descriptions and view photos.
Contact a seller to specify information you are interested in.
Access the service from any place and at any time you want.
Do shopping without paying for traffic.
Use Jiji App and enjoy it.
Get access to special offers and sales.
Keep calm and not worry about your safety – Jiji knows how to deal with the scammers.
Being a buyer lets you get an additional source of income, which may become the main one with time.
As a seller, you can:
Post ads for free.
Post even more ads for free.
Sell fairly used things you don’t need but some people may need.
Make money instead of just throwing something away.
Boost your ads to make them more attractive and seen more often.
Get a verified status and prove to be a reliable person.
Become a part of the most successful trade team in Nigeria.
One of the best features of using this service is Jiji App. It settles down in phones and puts hundreds of thousands of offers in your pocket, making them accessible whenever you feel like shopping. Even right at this moment.
Jiji is the revolution in online shopping. It unites buyers and sellers of the country. From Lagos to Maiduguri, everyone becomes easily accessible and ready to help you. Laptops and Smartphones, shoes and clothing, tokunbo and the vast variety of car models are available and affordable for everyone. Buying property takes only several minutes, while Jobs category waits forward to helping you to find a favorite occupation and your true purpose.
Discover shopping with Jiji.ng, and life will become better!
Twenty-five contestants finally emerged in the FirstStars Reality TV Show, to feature in the more tasking and professional top 25 phase of the first Edition of the FirstStars Reality TV Show.
The chosen 25 scaled series of screening exercise hurdles, including live performances in front of the FirstStars Judges comprising of Industry experts.
The contestants had initially had to qualify for the top 50 spot from a group of 100 most outstanding contestants pooled from the auditions which took place in April this year.
FirstBank in partnership with EbonyLife TV, through the First@arts initiative premiered on Wednesday, September 28th 2016–The FirstStars Reality TV Show. FirstStars showcases the business of the arts and opportunities in the creative industry with focus on film making in a competitive reality show that gives young actors, producers, directors, script writers and art directors, the opportunity to show their creativity and skills to a global audience. They get the chance to win a cash prize as well as produce a feature length film.
The top 25 will now be involved in more tensed and professionally film making sessions capped by weekly tasks to be presented to the panel of judges comprising of industry experts such as Tosin Otudeko- Writer and Producer, Deyemi Okanlawon – Film, TV, Theatre and Voice Actor, Tolulope Ajayi- Producer and Film Maker, Theo Lawson- Director, Iretiola Doyle- Writer, Actor, Producer and Presenter, Walter Adawaribi Taylaur (Waltbanger)- Producer, Director and Screenwriter &Omotola Jalade-Ekehinde (Celebrity Guest Judge)- Actress.
FirstBank is reinforcing its commitment to the growth of the creative industry and the existing opportunities which aids nation building and diversification of the economy.
Come along on this journey, by tuning in to EbonyLife TV every Wednesday at 8pm WAT as FirstStars Reality TV Show presents the world as a stage for the contestants to write the script of their lives and show the world what they are made of!
It’s been reported that Google are looking to purchase Twitter and now they could be facing some competition from Disney if reports are to be believed.
It was first reported on Monday that Disney was considering joining the growing list of potential suitors for the social networking company. It’ll be joining a list that is said to already include Salesforce Inc, Microsoft and Google.
Disney already owns ABC and ESPN and is the only media company rumored to be eyeing the social network.
CNBC reported on Monday that a Twitter sale could happen in as soon as 30 to 45 days.
Though one problem with this acquisition would be that Twitter has an image problem, and that might harm Disney’s clean reputation and penchant for tightfisted control of its properties. Twitter has had well-publicized struggles controlling users who post racist, homophobic or sexist content. Also, Twitter has become known as a tool for terrorist groups such as ISIS. These groups use the network to recruit people to their causes.
However the company and Twitter already have a link . Twitter CEO Jack Dorsey has been on the Disney board since 2013.
FBN Insurance: Let’s Show You How To Get The Best Out Of Life
Getting the best out of life does not just happen; you plan it.
The choices you make today will aid your realities tomorrow. The question is: What kind of tomorrow do you want for yourself? One predicated on chance or one ironed out to the minutest detail, to ensure you lead the life you’ve always wanted?
At FBN Insurance Limited, we do not just sell insurance; we offer ourselves as your financial services partner in the journey towards a fulfilled life. We have an array of innovative products designed with you in mind. Take our Easy Save policy for example. This policy helps you put aside some money for short term projects with an interest of 5% on your savings. Instead of joining an ‘ajo’ or ‘esusu’ group where you need to start hoping that other members of the group pay their contributions when due, why not take our Easy Save policy and be in total control of your finances?
Our Family Income Protection Plan (FIPP) assures your family of a certain and continuous income in case of any eventualities. We understand the love and value you place on your kids, particularly their education, that is why we have designed a FlexiEdu policy specifically for them. FlexiEdu ensures you never have to worry about tuition again for the foreseeable future.
Are you Extended family inclined? Then you should check out our Extended Family Support plan (EFSP). Whenever you think of any life-related insurance business, think FBN Insurance Limited.
Our subsidiary, FBN General Insurance Limited, deals with all non-life insurance businesses. Talk about truly reliable auto insurance packages, we’ve got it. You own a business and are worried about your staff’s trustworthiness? Get our Fidelity Guarantee cover. Involved in logistics and haulage? Our Goods-in- Transit policy is what you need to give you peace of mind.
Many times, due to one unforeseen development or the other, people have lost properties worth millions due to flooding, fire or theft. For those who stay in Lagos, especially in some parts of the Island, the fear of flooding is the beginning of wisdom. But is this fear supposed to drive you to the brink of restlessness? No! Choose our Householder plan today and you can safely forget about your fears and worries with respect to your home.
Why should you choose us, you may ask? Simple; we do what we say. While others avoid paying claims, we actually look to make good our promises on same. This year alone, we have paid out in excess of N1.7bn in claims and maturity across both the life and general businesses. Indeed, we are easily one of Nigeria’s leading financial services company.
Interested in taking charge of your tomorrow from today? Reach out to us now by calling 01-9054810, 01-9054380, 01-9054364- 5, 01-9054444. You may also visit our website
www.fbninsurance.com or simply track us down on social media: @fbninsurance on Twitter and FBNInsurance on Facebook. For us, YOU are all that matters!
The winners of the 2016 Enterprise Challenge, Keturah Ovio Onoweya and Sophia Ike Onu met Sir Richard Branson, the Founder and Chairman of the Virgin Group on Wednesday 29 June in Oxford United Kingdom for a mentoring session.
At the mentoring session, He gave ideas and advice on how to run a sustainable and profitable business in this current economic environment. He also shared some personal business experiences during the meeting.
After the session, Keturah and Sophia joined a number of promising entrepreneurs from the Virgin StartUp and Virgin Media Business’ VOOM competition for Lunch and Networking. They also attended this year’s Sunday Times Fast Track 100 event and awards.
Sophia founder of The5kshop said “The Enterprise Challenge has been an incredible journey; mentally tough in so many ways but also incredibly stimulating and enjoyable. Meeting Sir Richard Branson was so surreal! Moments before he walked into the room, I was a bit anxious but the minute he came in and we got chatting, it really felt like talking to an old friend. It was impressive how well he understood my business as he casually shared intelligent advice and tips. Richard is definitely that lecturer that can make the toughest subject seem so easy. He answered all our questions with details.
“It’s so easy to understand why he’s referred to as the Godfather of Entrepreneurship in the United Kingdom. Thank you Richard for being you, continue to inspire”
Keturah founder of Qeturah Dot Com said: “Meeting Richard Branson was a once in a lifetime experience. He is probably best known as one of the first ‘positive disruptors’ in business and has always been a real inspiration to me. Talking to him made me believe that everything is possible – you just have to make it possible, and I look forward to seeing how I can apply his words of wisdom and encouragement to my life and business going forward.”
More than 10,800 young Nigerian entrepreneurs entered the competition, which was conceived and organised by British Council and Virgin Atlantic in partnership with Zenith Bank and Samsung, in order to help talented young Nigerians develop their entrepreneurial skills.
Adrian Bird, Head of Nigeria for Virgin Atlantic, said: “Virgin Atlantic is delighted to support the Enterprise Challenge once again. We are a company built on entrepreneurship and are proud to support this initiative which enables young business people to let their dreams fly. It has been exciting to see so many young Nigerians come up with new and innovative ideas that attempt to tackle the most pressing challenges facing the country. Keturah and Sophia have shown incredible skill, talent and dedication and we believe they have a very bright future ahead of them.
Lucy Pearson, Acting Country Director of British Council Nigeria comments: “The work of the British Council in education and the wider society helps transform not only national education systems, but builds more inclusive, open societies and increases young people’s opportunities for a better future. The Enterprise Challenge fits perfectly into this remit, effectively helping to develop the flourishing talent within Nigeria. After all, entrepreneurs make a difference not only to their immediate families and communities, but as the business leaders and employers of the future.”
Sola Oladipo Executive Director Zenith Bank Plc says: “One of the biggest hurdles in business – particularly for young entrepreneurs – is connecting with those who ‘know’, and have already succeeded, and finance. The Enterprise Challenge addresses both these and we’re proud to be a partner.”
A representative for Samsung Electronics West Africa, said: “We at Samsung deeply understand the importance of encouraging the average Nigerian youth to innovate and create products, as well as become wealth generators for themselves. To this end, we strongly support this initiative by British Council and Virgin Atlantic and are throwing our complete weight behind this project. We challenge Nigerian youth to explore their capabilities and talents to create products and services that will grow into big and deeply rooted brands in the near future.”
The winners have since received a financial grant worth N2m each and will all benefit from continued support from the initiative’s partners. In addition, Enterprise Challenge winners will receive a fully-funded scholarship to attend a five-day entrepreneurship foundation course at the Branson Centre for Entrepreneurship in South Africa.
The organizers of the Nigerian Student Fashion And Design Week (NSFDW) are pleased to announce Wema Bank Nigeria as one of its leading sponsors at the 2016 edition.
The sponsorship deal was eventually sealed on the 28th of July at the Wema Bank headquarters in Lagos.
Wema Bank Plc, commonly known as Wema Bank, is Nigeria’s longest surviving indigenous commercial bank and has demonstrated consistent commitment to sustainable development of its resident communities.
In a chat with Mrs Odili Onome; Head of Brand, Marketing Communications, Wema bank she said the bank is passionate about empowering the creative youths in the country and the Nigerian Student Fashion And Design Week provides the right platform for the bank to support young entrepreneurs in the Nigerian fashion industry, a sector that is evolving quite rapidly.
The bank will also be rewarding the most creative Designer of the Nigerian Student Fashion And Design Week with startup funds and SME packages for the other participants.
The event is scheduled to hold on the 12th and 13th of August at the Indoor Sports Hall of the University of Lagos, Akoka by 4pm each day with Red carpet by 3pm and it is expected to showcase 30 designers to an audience of over 2000 people.
NTA To Broadcast Youth Entrepreneurship Summit Live
Palm3 Strategy, in partnership with Zenera Consulting and Africa’s largest television network, the Nigerian Television Authority, today announced that the Youth Entrepreneurship Summit and Expo would be broadcast LIVE on the NTA as part the network’s commitment to the economic advancement of Nigeria. The Vice President of Nigeria, Prof. Yemi Osibanjo, is expected to give the keynote address at the opening plenary. The summit is a social investment to empower entrepreneurs, create sustainable jobs and boost economic opportunities by providing access to finance, skills, knowledge and other critical resources. A Proudly Nigerian Expo would run beside the conference and attract more than 5,000 youth nationwide.
Registration is now open for the Summit, which will be held at the prestigious Eko Hotel and Suites Convention Centre, Victoria Island Lagos, on Tuesday July 12th, 2016. The meeting’s theme is “Towards a diversified economy: harnessing the power of Africa’s largest consumer market, agro-allied resources and technology for innovation through entrepreneurship.” Other speakers and panelists include, His Excellency, Mr. Akinwunmi Ambode, The Executive Governor of Lagos State; Mr. Waheed Olagunju, Acting Managing Director, Bank of Industry; Mr. Kyari Bukar, Chairman, Nigeria Economic Summit Group; Dr. Abdu Mukhtar, Chief Strategy Officer of the Dangote Group; the Executive Secretary, Lagos State Technical Vocational Education Board, Engr. Olawunmi Gasper; CEO, Wecyclers, Mrs. Bilikiss Adebiyi-Abiola; Mr. Bunmi Otegbade, CEO, Generation Enterprise amongst others.
The speakers will share on the current economic climate and what opportunities exist for entrepreneurs, how to get past challenges in accessing finance and investment, and also disseminate in-depth knowledge via Master Classes from entrepreneurs who have made it and succeeded in Nigeria despite the challenges. There will also be a business matchmaking session where delegates will be able to network and get one-on-one advice from business leaders and the speakers on the day. In addition, a Proudly Nigeria expo will run concurrently, showcasing the rich diversity of Nigeria’s entrepreneurs. Budding startups can obtain free legal and financial advice and business consulting services on the day. The Expo is free to attend but registration information can be found at www.yesnigeria.com.ng
“We are very excited about the level of enthusiasm we have received from speakers, sponsors and attendees for this unique conference,” said Mr. Ndiana Matthew, Managing Director of YES Nigeria on behalf of the organisers. “We look forward to the growth and enhancement of the MSME sector in Nigeria and to our youth being job creators, and not just job seekers.”
According to Mr Meka Olowola, the Chairman of Youth Entrepreneurship Summit, “Nigerians can look forward to a well-facilitated conference that meets the public and private sector’s aspirations of stimulating the Nigerian economy away from current recessionary trends. We have put our several years of research on the Youth and SMME sector at Zenera Consulting behind this legacy summit, and we are confident that this summit will not be a mere talk-fest, but a truly national initiative that accounts directly for a revolution in sustainable wealth creation across the bottom half of the socio-economic value chain.”
Delegate fees are discounted at N30,000 and N5,000 for students. For more information, and to register for the conference, please visit www.yesnigeria.com.ng
About: YES Nigeria is a collaboration between Palm3 Strategy, a Pan African event and strategic communications consultancy, and Zenera Consulting, a reputation management and investor relations firm in Nigeria. Both companies have over 35 years of strategic business, investor relations and event management experience between them. Youth Entrepreneurship Summit and Expo 2016 is endorsed by the following MDAs; Federal Ministry of Youth and Sports, Federal Ministry of Labour and Employment, Nigeria Export Promotion Council, Small And Medium Enterprises Development Agency of Nigeria, Government of Lagos State (LASTVEB).
On Friday the 24th of June, 2016 at Otres Restaurant, Mr. Uzoma Dozie- C.E.O Diamond Bank was an honored guest at the SME100 Nigeria.
As part of its commitment to supporting and empowering SMEs across Nigeria, SME100 Nigeria presented another edition of the SME100 Business Lunch. This special edition saw Mr. Uzoma Dozie speaking on the topic: “The Age of Digital Disruption; Leveraging Technology for Business Growth’’.
The participants of the Business Lunch learned about the benefits of adopting innovative technology solutions in their various businesses. In addition, they were taught on how to leverage technological solutions for business growth and expansion. It was an opportunity to meet and network with other enterprising and vibrant entrepreneurs.
Following the event of the votes to leave the European Union (EU) by the citizens of the United Kingdom (UK), which led to the resignation of its Prime Minister, David Cameron, the country’s currency, pound, fell to a 31-year low on Friday, it’s lowest since 1985.
It was gathered that the pound fell as much as 10 percent against the United States (US) dollar to touch levels last seen in 1985.
As 85.3 percent of results from the referendum trickled in, 51.6 percent, representing 14,159,480 votes showed that the UK was ready to leave, while 48.4 percent, which represents 13,268,066, voted to stay.
Reuters gathered that the decision of the UK to leave the EU project of greater unity since World War Two, may hit investment in the world’s fifth-largest economy; threaten London’s role as a global financial capital and usher in months of political uncertainty.
It was also learnt that the Pound Euro exchange rate remained around 4% lower as the European session continued on Friday and investors began to digest the repercussions of the UK’s decision to Brexit.
The United Kingdom itself could now break apart, with the leader of Scotland (which voted overwhelmingly in support of Remain) now saying a new referendum on independence from the rest of Britain was “highly likely”.
An emotional Cameron, who led the “Remain” campaign to defeat, losing the gamble he took when he called the referendum three years ago, said he would leave office by October.
“The British people have made the very clear decision to take a different path and as such I think the country requires fresh leadership to take it in this direction,” he said in a televised address outside his residence.
“I do not think it would be right for me to be the captain that steers our country to its next destination,” he added, choking back tears before walking back through 10 Downing Street’s black door with his arm around his wife Samantha.
Breaking up with the EU could cost Britain access to the EU’s trade barrier-free single market and means it must seek new trade accords with countries around the world.
Sme100 Nigeria Business Lunch With Uzoma Dozie- C.E.O, Diamond Bank
As part of its commitment to supporting and empowering SMEs across Nigeria, SME100 Nigeria presents another edition of the SME100 Business Lunch. This special edition, featuring Mr. Uzoma Dozie- C.E.O Diamond Bank is set to take Place on Friday the 24th of June, 2016 at Otres Resturant No, 7 Wole Olateju Street Lekki Phase 1 at 12.30pm.
Mr. Uzoma Dozie would be speaking on the topic: “The Age of Digital Disruption; Leveraging Technology for Business Growth’’.
Speaking on the initiative, Executive Director, SME100 Nigeria, Charles Odii explained that “In order to remain relevant, businesses must begin to confirm to the change technology is bringing across various sectors. Early adopters of digital age are bound to have an edge over those who choose to retain traditional processes and distribution channels in their businesses. To shun technology is to risk extinction’’.
The participants at the SME100 Business Lunch will learn about the benefits of adopting innovative technology solutions in their various businesses and also how to leverage these technological solutions for business growth and expansion. There would also be the opportunity to meet and network with other enterprising and vibrant entrepreneurs.
To register for this event please text your name to 08177743650 or email; firstname.lastname@example.org.
SME100 Nigeria is an institution that aims to inspire, empower and equip entrepreneurs in Nigeria by providing them with the 5 key requirements for business success; education, mentoring and access to finance, markets and networks.