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Business / IATF2021: Awolowo Sues For Massive Nigerian Participation by moneyreport: 10:30pm On Oct 19
The Executive Director/Chief Executive of the Nigerian Export Promotion Council, Mr Segun Awolowo, has urged Governments and business institutions in Nigeria to give their best to Afreximbank, organizers of the forth-coming Intra-African Trade Fair holding in Durban , South Africa, based on the growing huge relevance of the bank to the Development of the country, especially since the pandemic.

Awolowo also noted that IATF can be said to be close to the heart of all Nigerians in view of the fact that it’s CEO, Mrs Kanayo Awani is our own and needs all the home support that can make the programme a success.

Awolowo was speaking to MONEYReport during the road show conducted by IATF in Lagos on Monday amidst huge presence of several business interests. It was believed that a good number of Nigerians will be in Durban for the programme based on the inherent oportunities .

Mrs Awani(Brown suite) leads her road show team to Lagos

It is believed that there could be a lot of sustainable opportunities because the choice of South Africa and Durban in particular present an understanding that the participants are committed to realizing the targets of the project by opting for venues of obvious huge natural advantage.

Addressing the huge attendants on the one week event which takes off November 15 , Awani noted that Nigerians must begin to consolidate on its leadership positions by building sustainable business strategies that can improve its growth plans.

It is understood that Nigerians may continue to lead in the number of exhibitors at the event as well as taking good control in fully implementing the gains by moving into the other African economies through the advantages provided by AFCFTA.

Many participants at the Lagos road show are of the position that the Nigerian services sector and commodities producing interests will rule the exhibitions from Nigeria.

Because of the expertise and fluency in consultancy the Nigerians, it is bieved that more services people in finance and planning will be at the event, followed by the SMEs and the heavy industries from oil ad gas.

Business / Re: What Does An Investment Management Firm Do? by moneyreport: 9:50am On Jan 13
Business / What Does An Investment Management Firm Do? by moneyreport: 9:50am On Jan 13
What does an Investment Management firm do?
Finding the best investments on the market is a full-time job – it’s no surprise people pay investment management firms to do it for them. Here’s a quick look at how those firms operate and the careers available.

What is investment management?

Put simply, investment management firms invest their clients’ money. They choose the right selection of investments - from fast-growing, risky stocks to safe but slow-growing bonds. The aim is to achieve the return the client needs at a level of risk they’re comfortable with.

Investment management firms take on all the effort of creating an investment portfolio for their clients and open up new investment opportunities that wouldn’t otherwise be available.

Investment management firms work for all different types of client. Some focus on wealthy individual investors. Others work with companies, charities, trusts or major corporations.
The three key tasks of investment management
1. Assess clients’ financial goals and attitude to risk

Investment management firms need key information such as how much the client has to invest, how much return they want, when they’ll need to access their money, and how much they’re willing to risk losing.
2. Monitor potential investments

Investments range from cash deposits and government bonds to shares in new companies with unpredictable futures. An investment management company needs to be aware of the possibilities and calculate the investment risks and returns of each. That’s the job of an investment analyst.
3. Create investment strategies

Each client needs a portfolio of investments that match their goals. A diverse portfolio, with investments spread across many different assets, reduces risk – it’s a case of not putting all your eggs in one basket.

That’s the basic outline of an investment firm’s business. There are a huge number of ways to go about it. Firms might manage investment funds for multiple investors. They might invest in private equity. And there are other tasks for the firm, such as business development and marketing, IT, pricing and accounting.

Roles in the investment management industry

Roles at an investment management firm include:

investment managers
risk managers

Get an investment firm today to help manage your finances and equally multiply it
Politics / Re: Ifeanyi Ubah: I Have Not Been Sacked As Senator by moneyreport: 3:38pm On Jan 17, 2020

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Politics / Re: Nigeria Not Ready For Eco Currency by moneyreport: 3:37pm On Jan 17, 2020
Politics / Nigeria Not Ready For Eco Currency by moneyreport: 3:37pm On Jan 17, 2020


Onyeama, who made this known on Thursday in Abuja while speaking with Journalists, explained that Nigeria’s position on the single currency was agreed by the Economic Community of West African States (ECOWAS) the Member States.

Onyeama said that meeting up the convergence criteria for a single currency was one of the preconditions to be met by the Member States to achieve the implementation of the single currency.

The minister said that only one country out of the ECOWAS member states had been able, for over a period of three years, to maintain the convergence criteria.

“The majority of the countries understand that we are not quite ready immediately to go into this single currency market, but it is a process.

“Some of the French-speaking countries understand that since their currency, the CFA, is linked to the euro, that they also have to de-link, to start preparing towards this single market.

“And so, they have taken certain measures where the 50 percent they ordinarily have to deposit with the French Central Bank, that is no longer going to be the case.

“France is no longer going to be represented on the board of the bank, So, there really is no major contradictions.

“There is no question of anybody colonising anybody. It was an initiative of the African countries and France accepted.

“The Eco is now going to be linked at the exchange rate with the euro. But that was a request, a specific request by the African countries,” he said.

Onyeama said that everything is done, is being undertaken by sovereign countries, exercising their sovereign wealth.

The News Agency of Nigeria (NAN) reports that ECOWAS Presidents during the 55th Ordinary Session of the ECOWAS Authority of Heads of States and Government adopted Eco as the official name for the ECOWAS single currency.

President Mahamadou Issofou, Chairman of the Authority and Niger Republic’s President, had said that implementation of the single currency by 2020 was a priority on his agenda. (NAN)

Politics / Re: Nigerian Bankers’ Body Expects ‘tough’ 2020 For Nation’s Lenders by moneyreport: 10:37am On Jan 10, 2020
nigeria would overcome
Politics / Re: Nigerian Bankers’ Body Expects ‘tough’ 2020 For Nation’s Lenders by moneyreport: 10:37am On Jan 10, 2020
Politics / Nigerian Bankers’ Body Expects ‘tough’ 2020 For Nation’s Lenders by moneyreport: 10:36am On Jan 10, 2020
Nigerian banks will find it challenging to grow earnings and expand their operations this year because of a slow economic recovery and low interest rates, according to an industry body.

“It’s going to be tough in 2020 for banks,” Uche Olowu, the president of the Chartered Institute of Bankers of Nigeria, told reporters in Lagos on Thursday. Banks are changing strategies to focus on new areas in agriculture, financial technology and Nigeria’s creative industries to grow their operations, he said.

Plans by the central bank to increase minimum capital requirements for banks in 2020 may trigger mergers and acquisitions in the industry, Olowu said.


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