₦airaland Forum

1 Bizmorning: Business morning is a tv program on channels tv that focuses on business.

2 Sanwomi: Sanwomi might probably the best local handle. Sanwomi is a blog that focuses on business and also help people in making money online.

3 ForbesAfrica: This forbes.com twitter handle for Africa.

4 Cnbcafrica: This CNBC twitter handle for Africa.

5 Bbgafrica: It is Bloomberg twitter handle for Africa.

Read more:
Top Business Twitter Handles For Africans https://www.sanwomi.com/2018/12/top-business-tweeter-handles-for.html


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1 Business Morning: Business morning showing on channels tv and hosted by Boason Omofaye.

2 Money Show on Africa Independence Television presented/produce by Nancy Illoh.

3 Today's Business showing on Silverbird television and hosted by David Ubabudika.

4 Open Exchange West Africa on CNBC Africa.

5 Buy Africa on CNBC Africa.

Read more:
Top 7 Business TV Programmes. https://www.sanwomi.com/2018/12/top-7-business-tv-programmes.html


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1 Binance:
It is an app that enables you to trade any cryptocurrency. It is easy to use.

2 PayPal:
It is an apps that enables you to pay for transactions and also monitor your transaction online.

3 YouTube:   YouTube gives you easy access to videos that you can learn different hustle or things online.

4 LinkedIn: It is a social media for businesses, investors etc.

5 Instagram and Facebook: You can Instagram or Facebook applications to promote your products online.

Read more:
Top Online Business or Investment Apps You should Consider to Improve Your Income. https://www.sanwomi.com/2018/12/top-online-business-or-investment-apps.html

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1 Able God by Chinko ft zlatan and Lil kesh:

2 Pick up by Adekunle gold.

3 way by davolee.

4 wetin we gain by Victor ad.

5 Ja over everything by patoranking.

Read more:
Top Wealth or Richness Prayer Songs. https://www.sanwomi.com/2018/12/top-wealth-or-richness-prayer-songs.html

1 Double your hustle by Orezi:
Orezi talked about doubling your hustle in other to turn up and get to top level in your career like successful people as Dangote,  Mike adenuga, Tu face etc.

2 Wetin we gain by Victor ad:
This song talks about making money always that anything you do making money should be you major priority if you did not make money in what you do what did you gain.

3 Irapada by junior boy ft 9ice:
This song hails and salutes the rich hustlers. It also criticised lazy people that they don't wake up in the midnight and that they don't know guru or Google.

Read more:
Top Hustle Motivation Nigeria Song. http://www.sanwomi.com/2018/12/top-hustle-motivation-nigeria-song.html

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https://www.youtube.com/watch?v=Mxp_UfIy1Pk][/url]

1 Football viewing centre:
Football viewing  centre is great place to gist and argue with people. It is also a common place were majority of guys make friends.
Viewing centre can serve as a place to promote your products.

2 GYM:
GYM is also a good place to make  friends and promote what you sell.

3 Conferences:
Conference is also a great centre establish connection and meet with new people.

4 School: Either at secondary school level, diploma, HND, undergraduate, BSC., Masters, HND etc. You will likely make friends with some of your colleagues this can also be centre to promote your products.

Read more:
PLACES TO MEET CUSTOMERS PURCHASE YOUR PRODUCTS. https://www.sanwomi.com/2018/12/places-to-meet-customers-purchase-your.html

nited States Africa Development Foundation has invested over N8.64 billion ($24 million) to boost capacity of farmers across the country.

Speaking at an Agriculture mini-fair, organised by the foundation in collaboration with Diamond Development Initiative, stakeholders in the sector, including the U.S. Ambassador to Nigeria, Stuart Syminton, Executive Director, Diamond Development Initiative, Adamu Garba, President, United States Africa Development Foundation, C. D. Glin, Chairman of the Foundation, Jack Leslie, said Nigeria must improve agricultural sector to meet food security in the face of growing population.

Syminton noted that the country must take advantage of youths and women population to grow the agricultural sector.He stressed the need for the sector to not only export raw materials but ensure that the products are processed; adding that by so doing the sector would transform more lives.

Source and more:
U.S. invests N8.6 billion to boost small-scale farming in Nigeria https://www.sanwomi.com/2018/10/us-invests-n86-billion-to-boost-small.html


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Rice is one of the most common commodities in the world. So far, History does not have any record of a continent where the popular food does not grow nor that of a people who do not eat it. Rice is by far the most popular food in Igboland and everywhere else in Nigeria for many reasons, one of them being the fact that the crop can grow in just about any climate so long as there is good irrigation.

For example, Rice farms can be found in Eastern Nigerian states like Anambra, IMO, Ebonyi where most other crops do not give a good harvest. In Nigeria, Rice is an important food such that President Buhari banned its importation when he came to power so as to encourage local production because of the economic input that rice production can muster in the country.

We will be studying the various brands of rice which are most common among the people in terms of their manufacturers, distributors and price. Also, we will try to see the difference between them as well as similarities.

See the best rice brands in Nigeria that are popular and easy to prepare below:

1. Mama Gold
The rice is widely accepted in Nigeria as one of the best. Basically every other rice store in the market has it and although it is a bit costly, many will argue that it is worth the price. Mama Gold rice is a product of OLAM NIG. LTD which is a company you may not know about


Source and more:
Best Rice Brands In Nigeria: Top 5 Sweetest https://www.sanwomi.com/2018/10/best-rice-brands-in-nigeria-top-5.html

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said that maintaining stable exchange rate to avoid depreciation of the naira is better than building foreign reserve buffers.

Emefiele told journalists on Sunday that this was part of the outcome of the Nigerian delegation’s meetings with investors and institutions at the International Monetary Fund and World Bank Group Annual Meetings in Bali, Indonesia.

He said that all frontiers and developing markets had suffered not just depreciation, but had also lost reserves.

The News Agency of Nigeria quoted Emefiele as saying, “We are very conscious of the need to build buffers; but unfortunately, I must say that we are in the period where it will be difficult to talk about building reserve buffers.

Source and more:
Stable exchange rate best choice for Nigeria – Emefiele http://www.sanwomi.com/2018/10/stable-exchange-rate-best-choice-for.html

Mikano International Limited says it is committed to the economic growth and development of the Nigeria and has enjoyed landmark achievements in its 25 years of operation in the country.

Speaking at a press conference in Lagos, the Sales Director of the company, Mr Loukman Jouni, said Mikano had formed a partnership with a German power generator company, MTU Onsite Energy, to deliver a more reliable gas-powered Independent Power Plant project as part of its future plans.

“Part of our future plan is to ensure that Nigeria and Africa as a whole get the best of the power back-up needed for its growth and development,” Jouni stated.

The Head of Marketing and Communications, Mikano, Maysaa Hermes, said there were plans to reward customers for their commitment, as part of activities lined up for its 25th anniversary.

She explained that customers would get instant reward whenever they purchased any of its range of products in the sales promo starting from today (Monday).

She added that customers also stood a chance of winning star prizes of Mikano sound proof generators at the raffle draw.

According to Hermes, other corporate social responsibilities lined up to commemorate its success are the Mikano community outreach, STEM online competition, Russia 2018 World Cup bar activation for football fans in Lagos, and lending support to Balmoral/Russia in the Lagos Fan Festival.

Source and more:
Mikano unveils 25th anniversary sales promo http://www.sanwomi.com/2018/10/mikano-unveils-25th-anniversary-sales.html

Stakeholders in the financial market have called for optimum collaboration between the federal government, regulatory authorities and operators in various sectors to drive the nation’s economy for suitable growth.

The stakeholders who spoke at the Nigerian Stock Exchange (NSE) Bloomberg CEO roundtable themed, “Reshaping the Nigerian Economy for sustainable growth: Leveraging the fourth industrial revolution as a catalyst for advancement”, held in Lagos on Tuesday, categorically stated that Nigeria is far behind peers in the implementation the fourth industrial revolution.

However, the stakeholders argued that with total collaboration, Nigeria would benefit from opportunities inherent in the revolution, rank at par with other emerging countries and record all-inclusive growth.

They maintained that stakeholders needed to work together in ensuring that the country uses technology to solve financial and industrial problems for inclusive growth.

Fourth Industrial Revolution (4IR) is the fourth major industrial era since the initial Industrial Revolution of the 18th century.

Source and more:
‘Inclusive economic growth achievable through industrial revolution’ http://www.sanwomi.com/2018/10/inclusive-economic-growth-achievable.html

For the second year in a row, Alphabet has topped Forbes’ Global 2000 list of the World’s Best Employers. Google’s parent company was the only one to receive a perfect score. In a 2018 diversity report, Google announced that women hold 25.5% of its leadership positions, and Latinx and black hires have increased slightly. Companies on the Best Employers list have high approval in areas including image, working conditions and diversity.

Companies at the top of the list are some of the largest in the world. Alphabet, which has over 80,000 employees, saw $117.9 billion in sales, $16.6 billion in profit, $206.9 billion in assets and a market value of $766.3 billion for the past year. In its most recent earnings report, Alphabet reported revenues of $32.7 billion for the second quarter, up 26% versus the second quarter of 2017.

Source and more:
The World's Best Employers 2018 http://www.sanwomi.com/2018/10/the-world-best-employers-2018.html

Atlantic Exhibition, the organisers of the annual construction trade fair tagged ‘Building, Construction and Machinery Exhibition’ or BUILDMACEX, has partnered with the Turkish government towards bringing innovation to the Nigerian construction industry.

The firm said this in a statement heralding the fifth edition of the fair between October 16 and 18, 2018, at the Eko Convention Centre, Eko Hotels & Suites, Lagos, from 10am to 5pm daily.

Stating that the event would feature conferences, exhibitions, technical sessions and product presentations, the firm said the fair had been endorsed by the National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), the Nigerian Institute of Architects (NIA), as well as the Nigerian Institute of Quantity Surveyors (NIQS).

Speaking on the purpose of the trade fair themed ‘Building an Ecosystem for Innovating: Repositioning the Nigerian Building Sector towards International Standard Practices’, the chief executive officer of Atlantic Exhibition, Paul Olugbade, said: “We are passionate about resolving today’s building and construction challenges and believe that this event will be a rallying point for all stakeholders, including architects, builders, surveyors, developers, agents, stakeholders, engineers, interior designers, contractors, land owners, distributors, wholesalers and major retailers in the industry.”


Source and more:
Atlantic Exhibition, Turkey partner to innovate Nigeria’s construction industry
http://www.sanwomi.com/2018/10/atlantic-exhibition-turkey-partner-to.html

For thousands of years, farming involved making judgments about water, fertilizers or new seeds with the human eye. Today farmers are using machine-learning tools to boost their yields and help their bottom line.

One London-based agtech startup has spent the past two years building software that can scan a field and build a map for tractors and other farm machinery to follow, helping bring farming costs down.

Hummingbird Technologies, which has a staff of 40 and is on course to book $1 million in revenue for 2018, hires drone pilots to make detailed aerial photos of fields.

These photos can, depending on the quality of the camera, show detail down to a single blade of grass. The images are analyzed by Hummingbird's software, which counts the plants in a field, measures each one’s height and “canopy” width, or scans the plants for early signs of disease.

Its software uses computer vision, a form of machine learning, to identify acres of weeds or chlorophyll concentrations more quickly than a single human could.


Source and more:
When Drones Talk To Tractors: How Farmers Are Using AI To Cut Costs http://www.sanwomi.com/2018/10/when-drones-talk-to-tractors-how.html

An airdrop is a distribution of a cryptocurrency token or coin, usually for free, to a large number of wallet addresses. Airdrops are primarily implemented as a way of gaining attention and new followers, resulting in a larger user-base and a wider disbursement of coins.

To earn from airdrops you can visits sites that updates viewers on the latest airdrops. Such sites include.

Source and more:
Learn how to make money through airdrops. http://www.sanwomi.com/2018/10/learn-more-about-airdrops.html

The Nigerian Stock Exchange (NSE) on Monday suspended trading in the shares of six listed companies.

The companies were suspended after they failed to file details of their accounts to the Exchange as stipulated by market regulations.

The six companies are DN Tyre & Rubber Plc, FTN Cocoa Processors Plc, International Energy Insurance Plc, Thomas Wyatt Nigeria Plc, Union Dicon Salt Plc and Unic Diversified Holdings Plc.

In a notice signed by Godstime Iwenekhai, head of Listings Regulation Department, the NSE said the decision was pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange (Issuers’ Rules) (“Default Filing Rules”).


Source and more:
NSE suspends trading in shares of six Nigerian companies http://www.sanwomi.com/2018/10/nse-suspends-trading-in-shares-of-six.html

It's seemingly as certain as death and taxes: The richest people in America keep getting richer. The average net worth of those on The Forbes 400 has once again marched higher, hitting $7.2 billion this year. That's up from $6.7 billion last year and the ninth year in a row that the average list member's fortune has increased.



The total combined net worth for those on The Forbes 400 climbed to a record $2.9 trillion, up 7% from 2017. That is more than the total GDP of the United Kingdom. Jeff Bezos, with a fortune of $160 billion, singlehandedly controls about 5% of this sum.



Amazon founder and CEO Jeff Bezos is by far the richest person on Earth, unseating Bill Gates as No. 1 on our list of the richest Americans after a remarkable 24-year run. Bezos is also the first person to appear in the ranks with a net worth over $100 billion — he surpassed the milestone, and then some, with a fortune estimated at $160 billion.



Bezos saw his net worth shoot up by a record $78.5 billion in the past year, thanks to a 104% surge in the price of Amazon stock. The e-commerce Goliath recorded more than $100 billion in net sales in the first six months of 2018, a 41% jump from the prior year. Bezos gained more in one year than the wealth that 397 members of The Forbes 400 have been able to build in their entire lifetimes, with just Bill Gates (net worth: $97 billion) and Warren Buffett (net worth: $88.3 billion) worth more.

Source and more:
Relentlessly Rich: The 2018 Forbes 400 By The Numbers http://www.sanwomi.com/2018/10/relentlessly-rich-2018-forbes-400-by.html


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The United States Nigeria Council (USNC) has disclosed that it remains committed to developing Nigeria’s technology and innovation ecosystem by bringing in influential entrepreneurs to combat market challenges being experienced in the industry.

The USNC also stated that it was ready to connect investors with potential investees to mobilise capital for Nigerian start-ups and companies in a bid to further develop the country’s technology and innovation ecosystem.

Speaking at the round-table breakfast meeting on the sidelines of the 73rd United Nations General Assembly in New York City, USA, recently, the Executive Director of USNC, Eliot Pence stated that the Council’s mission was to promote bilateral business partnership and growth in Nigeria, by focusing on entrepreneurial investment in the technology and innovation ecosystem.


Source and more:
USNC rallies investors to boost bilateral ties http://www.sanwomi.com/2018/10/usnc-rallies-investors-to-boost.html

Group Managing Director, Access Bank Plc, Herbert Wigwe, has re-emphasized the Bank’s commitment to improving financial practices in Nigeria and Africa, by leveraging massively on technology.

He stated this during a strategic meeting with the Chief Executive Officer of Microsoft, Satya Nadella, in Seattle, United states of American.

Besides, the bank recently announced its five-year strategic plan focusing on enhancing Africa’s position in the global community, and descried the high-level meeting with Nadella as a step in the right direction to achieving this goal.

Wigwe said: “Africa is currently experiencing a massive growth in wider access to and adoption of technology, especially in improving businesses processes and lifestyle as well as optimum use of resources.

Source and more:
Access Bank, Microsoft harp on improved banking practices http://www.sanwomi.com/2018/10/access-bank-microsoft-harp-on-improved_7.html

Capital market operators have faulted government’s level of financial involvement in the provision of critical infrastructure, urging them to focus more on the formulation and implementation of policies that will impact positively on the lives of the people.

The operators, who gave the advice during the 22nd yearly conference of the Chartered Institute of Stockbrokers (CIS), in Lagos, at the weekend, argued that balanced approach would help to boost production in the country and generate more employment for the rising youth population.

Specifically, the Chief Executive Officer, Cowry Asset Management Limited, John Chukwu, said the need for government to show less involvement in the financing of key infrastructure, as well as allow the private sector to mobilise capital to fund these key infrastructure has become imperative.

“Government should concern itself in policy formulation and implementation of programmes that will transform the living standard of the people. There is still abject poverty in the country, as parents cannot afford to send their children to school and have quality education.

“In fact, there is lack of manpower in the education sector and government should find a way of boosting the sector,” he said.

The Chairman, Association of Stockbroking Houses of Nigeria (ASHON), Chief Patrick Ezeagu, pointed out that “government has no business being in business.”

“The provision of infrastructure is key, but the financing should be driven by the private sector. There should be Public Private Partnership, PPP in this key infrastructure so that government can pay more attention to the provision of enabling environment that will strive investment and production.

Source and more:
Operators fault government’s infrastructure financing involvement http://www.sanwomi.com/2018/10/operators-fault-governments.html

Bankers in the country have expressed their readiness to enforce the law against the abuse of naira notes by setting up mobile courts to punish violators of the currency.

They said this during a press briefing after the Bankers’ Committee meeting in Lagos on Thursday.

The bankers said they also resolved at the meeting that the discretionary bank reserves built up over time should be channelled towards agriculture and the manufacturing sectors in an impactful manner.

By this, they explained that local food sufficiency would be enhanced and pressure on the country’s foreign reserves would be reduced.

Speaking further on the currency abuse, the Director, Corporate Communications Department, Central Bank of Nigeria, Mr Isaac Okorafor, said that anyone found squeezing, hawking, spraying or trampling on naira notes at any ceremony would be arrested and tried at the mobile courts.

Source and more:
Naira abuse: CBN to try offenders in mobile court http://www.sanwomi.com/2018/10/naira-abuse-cbn-to-try-offenders-in.html

The World Bank has cut its economic growth forecast for Nigeria and other sub-Saharan Africa countries for this year to 2.7 per cent from an earlier forecast of 3.1 per cent.

The bank said on Wednesday that the cut was mainly because of slower-than-expected growth in the continent’s bigger economies, according to Reuters.

It said the slower pace of the recovery in sub-Saharan Africa was explained by the sluggish expansion in the region’s three largest economies − Nigeria, Angola and South Africa.

The region, which had posted a fairly fast average growth rate in the years leading up to 2015, suffered a loss of momentum in economic output after commodity prices crashed in 2015-16.


Source and more:
World Bank cuts Nigeria, others’ growth forecast to 2.7% http://www.sanwomi.com/2018/10/world-bank-cuts-nigeria-others-growth.html


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A number of Wasserman’s agents photographed at the agency’s L.A. headquarters, including 2018 ‘Most Powerful’ inclusions Joel Wolfe, Thad Foucher, Adam Katz, Doug Hendrickson and Darren Matsubara.WASSERMAN

The sports agency business is booming as ever-increasing media rights deals continue to pour profits into professional sports leagues, raising salaries and making seven-figure athlete contracts the norm. The firms featured in Forbes’ 2018 ranking of the World’s Most Valuable Sports Agencies have negotiated a collective $45.7 billion in current professional athlete contracts, netting more than $2.35 billion in commissions, an increase of almost 10% over last year.

Leading the way for the sixth consecutive year is Los Angeles based Creative Artists Agency (CAA), whose $9.3 billion in contracts under management is more than double its next closest competitor. With a $900 million uptick in deals over the last year, the agency now stands to earn $348 million in commissions from its clients- a $30 million increase from 2017. Perhaps more impressively is the rise of CAA’s individual practice areas: the agency’s football ($4.1 billion), basketball ($2.3 billion) and hockey ($1.9 billion) divisions rank No. 1, and its baseball ($1 billion) division ranks No. 3. CAA’s football division by itself would be the fifth most valuable agency in the world.


Source and more:
The World's Most Valuable Sports Agencies 2018 http://www.sanwomi.com/2018/09/the-world-most-valuable-sports-agencies.html

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the economy were putting the country’s exit from recession under threat.

The Nigerian economy exited recession in 2017 after suffering contraction for five consecutive quarters.

Addressing journalists shortly after the two-day meeting of the MPC members held at the headquarters of the apex bank, the CBN Governor, Mr Godwin Emefiele, said the economy had started showing signs of weakness.

For instance, he said the committee was concerned that there was a fresh threat of recession as the economy recorded growth rate of 1.95 per cent and 1.5 per cent during the first and the second quarters of this year, respectively.

He noted that the slowdown emanated from the oil sector, with strong linkages to employment and growth.


Source and more:
ICYMI: Economy may slip back into recession, CBN warns http://www.sanwomi.com/2018/09/icymi-economy-may-slip-back-into.html

Any ways visit http://www.sanwomi.com to make money offline and online in Nigeria.

Instagram said co-founders Kevin Systrom and Mike Krieger have resigned as chief executive officer and chief technical officer of the photo-sharing app owned by Facebook Inc, giving a scant explanation for the move.

The departures at Facebook’s fastest-growing revenue generator come just months after the exit of Jan Koum, co-founder of Facebook-owned messaging app, WhatsApp, media reports on Tuesday.

These exits leave the social network without the developers behind two of its biggest services.

They also come at a time when Facebook’s core platform is under fire for how it safeguards customer data, as it defends against political efforts to spread false information.

Younger users increasingly are preferring alternative ways to stay in touch with family and friends. Concerns over Facebook’s business sparked the biggest one-day wipeout in U.S. stock market history in July.

Systrom wrote in a blog post on Monday that he and Krieger planned to take time off and explore “our curiosity and creativity again”.


Source and more:
Instagram co-founders resign in latest Facebook executive exit http://www.sanwomi.com/2018/09/instagram-co-founders-resign-in-latest.html

The National Association of Nigerian Traders on Monday stormed the Economic Community of West African States’ secretariat located in Abuja to protest the alleged closure of shops belonging to Nigerians in Ghana.

The protest, which began at about 9:30am, partially paralysed activities at the ECOWAS Secretariat.

The protesters marched through the streets of Yakubu Gowon Way in Asokoro, a development that led to traffic gridlock in the area.

The protesters carried placards with various inscriptions such as: ‘We need ECOWAS intervention’, ‘Ghana, re-open Nigeria’s shops now’, ‘ECOWAS, the situation in Ghana is totally unacceptable’, and ‘Ghana wants AfCTA secretariat but clamps down on African traders’, among others.

Speaking during the protest, the President, NANT, Ken Ukaoha, said that the association was protesting the alleged victimisation of Nigerian businessmen in Ghana.

He stated that the development had got so bad that a law was recently passed by the Ghanaian parliament seeking to make the business environment hostile to foreign investors.

Ukaoha said since Ghana was a signatory to the ECOWAS protocol on free movement of goods and services, there was a need for the commission to caution the government of Ghana.

Source and more:
Traders seek ECOWAS intervention as Ghana shuts 400 Nigerian businesses http://www.sanwomi.com/2018/09/traders-seek-ecowas-intervention-as.html

The statistics are a bit dire: 20 per cent of small businesses do not make it past their first year — and fully half will close their doors before their five-year anniversary. Nonetheless, eager entrepreneurs regularly take the plunge in order to follow their dreams of owning their own business. If you are thinking about blazing your own path, despite the odds, you are not alone.

How can you protect yourself from excess enthusiasm and disappointment? Before you leap into a new business venture, consider these five questions:

Are you looking to create a job for yourself or do you want to grow a scalable company?

Many new entrepreneurs end up creating a job for themselves, but not a company that can operate without them in a key position. That is okay, but if it is not your long-term goal, you need to have a clear vision of how you will scale your business before you begin. Otherwise, you risk finding yourself working hard and taking on more than you should, without either the funding or the people you need to succeed. If you want to work less down the road, you will need to focus on creating a business that can operate with or without you, rather than a so-called “lifestyle” enterprise.

Who are the players you want on your team?

In real estate, the crucial factor in price is “Location, location, location!” In the small business world, the equivalent is “Talent, talent, talent!” Having great talent around you is the key to success. Keep your standards high and be meticulous in choosing those you choose to scale the company with; it is important to note that the skills required starting a company and getting it to N20m in annual sales, and the skills required to scale a company from N20m to N100m, are very different. You might get lucky and find people who have both sets of skills, who can stretch with the demands of a larger business, but more likely if you want to keep your original team, you will need to invest in them. For example, the Chief Executive Officer at Power Digital Marketing, Grayson Lafrenz, created a free 14-week MBA programme for all employees interested in growing their general business and marketing skill set to solve this problem internally rather than have to reach outside the company for experts to expand the company.

To attract good talent, consider giving your people equity as part of their compensation packages. A good rule of thumb is to set aside 15-20 per cent of your total equity for your key players. These are the people — regardless of title or hierarchy — whom you can’t afford to lose. You need their talent, and you need to offer something attractive to keep them on board and invested in your vision.

Read more:
Questions to ask before starting a business http://www.sanwomi.com/2018/09/questions-to-ask-before-starting.html

Foreign portfolio investors have pulled out billions of naira out of the Nigerian stock market in recent months amid bearish sentiments, primarily due to the approaching elections.

According to the latest data from the Nigerian Stock Exchange, a total of N435.41bn was withdrawn from the market from January to July this year, compared to an outflow of N236.32bn in the same period in 2017.

The total value of equities listed on the NSE has taken a beating, closing at N11.88tn on Friday, as against a peak of N16.154tn on January 19.

The market capitalisation rose from N13.617tn at the start of the year as a result of greater impetus from the recovery in global oil prices, increased domestic reserves, greater foreign exchange market stability and declining inflation.

“Once there is any cause to fear, portfolio investors sell out their shares and they come back when the environment is better; all of these create a lot of volatility in the market and may be one of the reasons why we do not have a lot of initial public offerings in the country,” the Associate Director, Capital Markets, PwC Nigeria, Alice Tomdio, told our correspondent.

She said more focus ought to be placed on encouraging the participation of domestic investors in the capital market.

According to her, the current ratio of foreign investors to domestic investors is still quite healthy as foreign portfolio investors participate primarily in the secondary markets.

Read more:
2019 polls: Foreign investors withdraw N435.41bn from stock market http://www.sanwomi.com/2018/09/2019-polls-foreign-investors-withdraw.html

The Executive Chairman, FIRS, Tunde Fowler, stated this on Friday when he received the new Minister of Finance, Hajia Zainab Ahmed, during her spot visit to the Revenue House in Abuja, according to a statement made available to our correspondent on Sunday.

Fowler told the minister that the initiative had pooled about N12.66bn into the government coffers.

He stated, “The FIRS wrote to all commercial banks in May 2018 requesting for a list of companies, partnerships, and enterprises with banking turnover of N1bn and above. This activity is aimed at ascertaining those companies that are compliant with the tax laws and those that are not compliant. So far, the non-compliant organisations have paid about N12.66bn

“The FIRS will continue to implement initiatives that will drive compliance and generate revenue by continuous taxpayer enlightenment; implementation of the Auto VAT Collect in other sectors of the economy; simplification of the tax processes, especially for small taxpayers; strengthening collaboration with other agencies such as the Corporate Affairs Commission, states’ boards of internal revenue; Ministry of Industry, Trade and Investment; and the Nigeria Customs Service.”

The minister commended the agency for raising the non-oil revenue, saying, “The Ministry of Finance will continue to work collaboratively with the FIRS to support all the efforts that you are making. And as much as possible, we should interface frequently.


Read more:
FIRS collects N13bn from billionaire tax defaulters http://www.sanwomi.com/2018/09/firs-collects-n13bn-from-billionaire.html