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 Business › Nigeria’s Capital Inflow Drops 78.6% To $1.29bn In Q2 2020 by rodeo0070(op): 3:12pm On Aug 28, 2020 |
The National Bureau of Statistics (NBS) on Friday said Nigeria recorded a total of $$1.29 billion in capital inflow (importation) in the second quarter of 2020. This represents a decrease of -77.88% compared to Q1 2020 and -78.60% in Q2 2019. According to the report, the largest amount of capital importation by type was received through Other investment, which accounted for 58.77% ($761.03m) of total capital imported, followed by Portfolio Investment, which accounted for 29.76% ($385.32m) and Foreign Direct Investment (FDI), which accounted for 11.47% ($148.59m) of total capital imported in Q2 2020. Capital importation by Shares dominated in Q2 2020 reaching $464.57m of the total capital importation in Q2 2020. Capital inflows by origin The United Kingdom emerged as the top source of capital investment to Nigeria in Q2 2020 with $428.83m. This accounted for 33.12% of the total capital inflow in Q2 2020. Other countries that accounted for the biggest share of capital inflows in Nigeria during the period include South Africa ($149.3 million), UAE ($145.2 million), Netherlands ($141.3 million) and Singapore (134.4 million). Capital inflows by destination By Destination of Investment, Lagos state emerged as the top destination of capital investment in Nigeria in Q2 2020 with $1,130.49m. This accounted for 87.30% of the total capital inflow in Q2 2020. Ogun State received $11 million within the quarter, Niger ($6.86 million), Anambra ($1.16 million) and Kano State, which received $130,000 capital inflows. Capital inflows by Bank Standard Chartered Bank Nigeria Limited emerged at the top of capital investment in Nigeria in Q2 2020 with $425.21m. This accounted for 32.84% of the total capital inflow in Q2 2020. The banking sector came third on the list as it attracted $140.2 million (10.8%) capital inflows, others on the list include; Production $110.8 million (8.6%), Telecoms $105.6 million (8.2%), Trading $68.2 million (5.3%) and Agriculture $48.8 million (3.8%). SOURCE: https://brandspurng.com/2020/08/28/nigerias-capital-inflow-drops-78-6-to-1-29bn-in-q2-2020/
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| Politics › DICON Partners With Innoson Vehicles In Producing Military Hardware (photos) by rodeo0070(op): 1:35pm On Aug 28, 2020 |
The team of Defence Industries Corporation of Nigeria (DICON) paid a courtesy visit to the CEO of Innoson Vehicle Manufacturing (IVM), Chief Innocent Chukwuma at his Nnewi factory in Anambra State on 26th August 2020 as the duo is set to partner in the production of MRAP EZUGWU. DICON in collaboration with the Command Engineering Depot (CED) produced a Mine Resistant Armoured Protected Vehicle named EZUGWU MRAP which has been deployed to the North-East by the Nigerian Army to be used for executing insurgency operations. The team intends to further partner with IVM in order to produce more military-grade vehicles, patrol vehicles, and Soft Skin vehicles for the Armed forces and other security agencies. The DICON Team which comprises of Maj.Gen V.O. Ezugwu, DG DICON (Team Lead), Mr Livingstone Nwaigbudu (Director P&BD), Engr. Shedrack Agbo (Consultant DICON/CED Imperium Nig.Ltd), and Engr. Terra Adding (Consultant DICON/CED) took a factory tour of the IVM facility in the company of Chief Chukwuma and other key members. According to the team lead, Maj.Gen V.O. Ezugwu, who was impressed with the facilities on the ground; he said the collaboration with IVM is inline with the FG's drive to boost local content and encourage indigenous production in the country. Chief Innocent Chukwuma was also very delighted to receive the team and promised to partner and support DICON in its production in order to assist the FG in its fight against insurgency in the country. Defence Industries Corporation of Nigeria (DICON) is the state-run defence corporation of Nigeria and operated by the Nigerian Armed Forces. It is responsible for the production of defence equipment and civilian products and was founded in 1964. SOURCE: https://brandspurng.com/2020/08/28/dicon-partners-with-innoson-vehicles-in-producing-military-hardware-photos/
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| Politics › Ernst And Young Appointed As NDDC Auditors by rodeo0070(op): 8:43am On Aug 28, 2020 |
The Federal Government has approved Ernst and Young to conduct a forensic audit of the Niger Delta Development Commission (NDDC). In October 2019, President Buhari ordered a forensic audit of NDDC to ascertain the veracity of allegations of corruption at the commission.https://brandspurng.com/2020/08/28/ernst-and-young-appointed-as-nddc-auditors/ 2 Likes
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| Health › Northern Nigeria Records Highest Number Of Drug Cases As Seizures Rise In 2019 – by rodeo0070(op): 8:33am On Aug 28, 2020 |
According to the National Bureau of Statistics (NBS), 612,547.89kg quantity of the narcotic drug was seized in 2019 as against 163,684.44kg seized in 2018 which represents an increase of 274.22%. Despite the significant increase in the number of cases and drug seizures, the 9,479 suspects arrested in 2019 was a number marginally lower than the 9,779 arrested in 2018 which represents a decrease of -3.07%. Drug Seizure and Arrest Statistics 2019 published on Thursday, August 27, 2020, showed that 86% of drug cases in Nigeria in 2019 were recorded in the northern region. Regional Breakdown (Geo-political zone): - North-Central - 517,711.69 cases - South-West - 44,744.13 cases - South-South - 28,885.85 cases - South-East - 13,234.48 - North-East - 4,490.81 cases - North-West - 11,968.50 cases A total of 397 counselling cases were reported in 2019 as against 730 in 2018 while 397 counselling were concluded in 2019 as against 440 in 2018. 9,418 suspects were prosecuted in 2019 as against 9,779 in 2018 while 1,120 were convicted in 2019 as against 1,220 in 2018. SOURCE: https://brandspurng.com/2020/08/28/northern-nigeria-records-highest-number-of-drug-cases-as-seizures-rise-in-2019-nbs/
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| Politics › Re: TAJBank Opens New Footprints in Sokoto State (Photos) by rodeo0070(op): 6:51am On Aug 28, 2020 |
Mysticwebb:It's simple. One of the ways they make money is Equity participation. This means if a bank loans money to a business, the business will pay back the loan without interest, but instead gives the bank a share in its profits. If the business defaults or does not earn a profit, then the bank also does not benefit. Any investments involving items or substances that are prohibited in the Qur'an–including alcohol, gambling, pork–are also prohibited. There are other ways they generate money like Ijara (leasing), Sukuk etc. I wish I have more information about others. I hope this helps... 1 Like |
| Politics › TAJBank Opens New Footprints in Sokoto State (Photos) by rodeo0070(op): 3:04pm On Aug 27, 2020 |
TAJBank, Nigeria's most innovative Non-Interest Bank, has announced the launch of its 4th (fourth) branch in Sokoto State recently. The launch which held at the TAJBank office in Sokoto State had several dignitaries present from across the country including the special guest of honour, His Excellency Governor of Sokoto, Rt Hon Aminu Waziri Tambuwal CFR (Matawallin Sokoto) who commissioned the new branch. In his opening remarks, Governor commended TAJBank for its innovative strides and enjoined the bank to live up to its mission to provide superior banking products and services to the peoples. He also noted the enormous benefits of non-interest banking and assured the institution of the government's continued support. The Governor of Sokoto, Governor Aminu Waziri Tambuwal commissions the new TAJBank branch in Sokoto with the Chairman TAJBank, Alhaji Tanko Isiaku Gwamna. The Chairman TAJBank, Alhaji Tanko Isiaku Gwamna, acknowledged the efforts of the Sokoto State government in initiating an investment into the fourth branch even while it was still a project and emphasised this singular act a strong catalyst to the eventual realisation of the new branch in Sokoto. The Governor of Sokoto, Governor Aminu Waziri Tambuwal commissions the new TAJBank branch in Sokoto with the Chairman TAJBank, Alhaji Tanko Isiaku Gwamna. He also emphasised some of its key focus points in the state as namely agricultural development and the significant enhancement of financial inclusion within underserved communities in the state. Governor Tambuwal, while taking a tour of the facility, also opened the first TAJBank account. Recently, the bank also launched two platforms: its Agency banking network-TAJXpress and Nigeria's 1st (first) ethical e-commerce site, TAJMall. The network spans states within the North West and North East areas of the country. TAJBank is Nigeria’s 2nd Non-Interest Financial Institution. The Bank received its license from the Central Bank of Nigeria on July 12th, 2019. The Bank offers an exciting array of products and services that span Private Banking, Retail Banking, Business Banking, Development Finance and the Public Sector. TAJBank has its head office in Abuja and also branches at the National Assembly Complex and Kano State. Abuja Nigeria - August 27th, 2020 - TAJBank, Nigeria's most innovative Non-Interest Bank, has announced the launch of its 4th (fourth) branch in Sokoto State recently. The launch which held at the TAJBank office in Sokoto State had several dignitaries present from across the country including the special guest of honour, His Excellency Governor of Sokoto, Rt Hon Aminu Waziri Tambuwal CFR (Matawallin Sokoto) who commissioned the new branch. In his opening remarks, Governor commended TAJBank for its innovative strides and enjoined the bank to live up to its mission to provide superior banking products and services to the peoples. He also noted the enormous benefits of non-interest banking and assured the institution of the government's continued support. The Governor of Sokoto, Governor Aminu Waziri Tambuwal commissions the new TAJBank branch in Sokoto with the Chairman TAJBank, Alhaji Tanko Isiaku Gwamna. The Chairman TAJBank, Alhaji Tanko Isiaku Gwamna, acknowledged the efforts of the Sokoto State government in initiating an investment into the fourth branch even while it was still a project and emphasised this singular act a strong catalyst to the eventual realisation of the new branch in Sokoto. The Governor of Sokoto, Governor Aminu Waziri Tambuwal commissions the new TAJBank branch in Sokoto with the Chairman TAJBank, Alhaji Tanko Isiaku Gwamna. He also emphasised some of its key focus points in the state as namely agricultural development and the significant enhancement of financial inclusion within underserved communities in the state. Governor Tambuwal, while taking a tour of the facility, also opened the first TAJBank account. Recently, the bank also launched two platforms: its Agency banking network-TAJXpress and Nigeria's 1st (first) ethical e-commerce site, TAJMall. The network spans states within the North West and North East areas of the country. TAJBank is Nigeria’s 2nd Non-Interest Financial Institution. The Bank received its license from the Central Bank of Nigeria on July 12th, 2019. The Bank offers an exciting array of products and services that span Private Banking, Retail Banking, Business Banking, Development Finance and the Public Sector. TAJBank has its head office in Abuja and also branches at the National Assembly Complex and Kano State. SOURCE: https://brandspurng.com/2020/08/27/tajbank-opens-new-footprints-in-sokoto-state-photos/
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| Health › Re: Akwa Ibom Begins Evacuation Of Mentally Challenged Persons Off Streets (photos) by rodeo0070(op): 12:31pm On Aug 27, 2020 |
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| Health › Akwa Ibom Begins Evacuation Of Mentally Challenged Persons Off Streets (photos) by rodeo0070(op): 12:31pm On Aug 27, 2020 |
In line with achieving the completion agenda of Udom Emmanuel, the Akwa Ibom State Governor in securing and safeguarding lives and dignity of the citizens, the Ministry of Women Affairs and Social Welfare embarked on the evacuation of mentally challenged persons. The Commissioner for Women Affairs and Social Welfare, Dr. Ini Adiakpan flagged off the exercise yesterday, August 26th, 2020 in Uyo. SOURCE: https://brandspurng.com/2020/08/27/photo-news-akwa-ibom-begins-evacuation-of-mentally-challenged-persons-off-street/
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| Business › CBN Goes Tough On Exporters Over Forex Non-repatriation by rodeo0070(op): 3:49pm On Aug 26, 2020 |
As part of its effort to increase foreign exchange (Forex) liquidity in the country, the Central Bank of Nigeria (CBN) has directed all banks in the country to submit the names, addresses and Bank Verification Numbers (BVN) of exporters that have defaulted in repatriating their exports proceeds, for further action. The directive issued by the CBN Governor, Mr. Godwin Emefiele, on Tuesday, August 25, 2020, during the Bi-monthly virtual meeting of the Bankers’ Committee, comes barely 24 hours after the Bank announced the abolition of third-party “Form M” payment. The move by the CBN followed the adoption of the strategy to discourage over-invoicing, which some businesses have allegedly used to divert foreign exchange (Forex) from the country, through the opening of “Forms M” for which payment is routed through a buying company, agent, or other third parties. The statement signed by the Bank’s Director of Trade and Exchange, Dr. Ozoemena Nnaji, had also explained that the directive was aimed at ensuring prudent use of Nigeria’s foreign exchange resources and the elimination of incidences of over-invoicing, transfer pricing, double handling charges and avoidable costs that are ultimately passed to the average Nigerian consumer. It will be recalled that the CBN, in the past, had also warned exporters conducting export activity against diverting foreign exchange (Forex) from the export proceeds, instead of repatriating same home. The Bank, in collaboration with the Bankers’ Committee, had threatened heavy sanctions against exporters who failed to repatriate foreign exchange (Forex) proceeds from their international business. The CBN stressed that its Foreign Exchange Manual provided that all exporters should repatriate export proceeds back to the country to support the local currency and boost the economy. Meanwhile, analysts say that a number of punitive options are open to the CBN, including, but not limited to, barring the exporters from the foreign exchange market and other banking services. SOURCE: https://brandspurng.com/2020/08/26/cbn-goes-tough-on-exporters-over-forex-non-repatriation/
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| Food › COVID: KFC Feels Its 'finger Lickin' Good' Slogan Doesn’t Make Sense, Drops It by rodeo0070(op): 2:34pm On Aug 26, 2020 |
The fried chicken franchise, KFC, has confessed that their slogan is a bit 'offbeat' and inappropriate for 2020 and therefore has pressed pause on using it in their advertising, for now. In a press release issued, the brand says that although their It’s Finger Lickin’ Good slogan has been around for 64 years, they think that this year has been like no other and, right now, their slogan doesn’t feel quite right. So, it is for that reason, that they've decided to press pause on using it in their advertising, for a little while. “We find ourselves in a unique situation – having an iconic slogan that doesn’t quite fit in the current environment. While we are pausing the use of It’s Finger Lickin’ Good, rest assured the food craved by so many people around the world isn’t changing one bit,” said Catherine Tan-Gillespie, global chief marketing officer at KFC. “For close to 50 years, the people of Mzansi have come to know the words - ‘It’s Finger Lickin Good’. But today we face a very different world - one where we have had to reinvent ourselves as a brand to mirror this. In the midst of this though, Mzansi’s most loved fried chicken is not going anywhere. In fact, we plan to have some fun with this change in branding where consumers can be sure to see some interesting things from their favourite fried chicken brand over the coming weeks!” says Suhayl Limbada, marketing director at KFC South Africa. They have promised that the slogan will return when the time is right. SOURCE: https://brandspurng.com/2020/08/26/covid-19-kfc-feels-its-finger-lickin-good-slogan-doesnt-make-sense-drops-it/
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| Politics › Nigeria's GDP Shrinks By 6.10% In Q2 2020 - NBS by rodeo0070(op): 9:07am On Aug 24, 2020 |
Nigeria's Gross Domestic Product (GDP) decreased by -6.10% ear-on-year) in real terms in the second quarter of 2020, ending the 3-year trend of low but positive real growth rates recorded since the 2016/17 recession.https://brandspurng.com/2020/08/24/nigerias-gdp-shrinks-by-6-10-in-q2-2020-nbs/
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| Politics › FG Receives Donation Of 3,999 Tons Of Grain From ECOWAS For Vulnerable Household by rodeo0070(op): 3:37pm On Aug 23, 2020 |
Minister Of Humanitarian Affairs Receives Donation Of 3,999 Tons Of Grain From ECOWAS For Vulnerable Households More palliatives are on the way for the vulnerable people in Nigeria as Sadiya Umar Farouq Honourable Minister of Humanitarian Affairs Disaster Management and Social Development along with the Hon. Minister of State for Agriculture and Rural Development Alhaji Mustapha Baba Shehuri and Hon. Minister of State Foreign Affairs Ambassador Zubairu Dada received a total of 3.999 tons of food grains donated to the Federal Government by ECOWAS. The donation is to assist most vulnerable households in Nigeria. The grains are meant to alleviate the impact of the COVID 19 virus on such households. During the handover of the food grains at the ECOWAS/ FMARD Grain Depot in Hotoro Kano on Saturday 22nd August 2020 the Minister thanked the ECOWAS Commission for the kind gesture stating that ”the provision of humanitarian assistance for distribution to the vulnerable population is a timely and generous act”. She noted that the grains would go a long way in cushioning the effect of COVID 19 on vulnerable citizens. While speaking at the handing over ceremony the Minister said the Ministry had responded to the COVID 19 pandemic by ensuring various forms of palliatives were given to the poor and vulnerable across the 36 States and the FCT as directed by President Muhammadu Buhari. She added that about 70,000 metric tons of grains consisting of maize, sorghum, and millet as well as trailer loads of rice and vegetable oil were among the palliatives distributed. According to the Minister, “at the commencement of the COVID 19 Pandemic the National Social Register (NSR) had 2.5 million poor and vulnerable Households with over 11 million individuals in 34 States and the FCT. As at today, 3.7 million households with over 15.5 million individuals in all 36 States and the FCT are in the Register.” Sadiya Umar Farouq added that “the expanded register will ensure that the food items provided by the ECOWAS Commission reaches the most vulnerable it is meant for and work toward mitigating the risk of food security at this critical time.” The Commissioner of Agriculture, Environment and Water Resources – ECOWAS Mr. Sangare Sekou conveyed the warm greetings of the President of ECOWAS HE, Dr. Jean-Claude Kassi Brou to HE President Muhammadu Buhari, the government and people of Nigeria for the constant support and facilities provided ECOWAS. He paid tribute to the leadership of President Muhammadu Buhari that earned him the “champion of the fight against Coronavirus by his peers.“ He added that “the donation is with the objective of saving the maximum lives in West Africa. Saving lives also means giving food to people affected not only by the Coronavirus but also for our brothers and sisters, our parents affected by terrorism, vandalism, violent conflicts and climate change” he added that it is not an option to remain without taking action. Stressing that the event, “confirms the breathing of the regional solidarity mechanism represented by the Regional Food Security Reserve and strengthens us in commitment to ECOWAS, to the countries and to the populations”. On his part, the Minister of State Federal Ministry of Agriculture and Rural Development said that in order to address the food crisis in the West African sub-region, Heads of Government of Member States decided to set up a Regional Food Security Reserve Programme that can be used for interventions in case of emergencies and boost food security. He and the Minister of State for Foreign Affairs appreciated ECOWAS for the gesture while the Minister of Humanitarian Affairs assured that the grains will be judiciously distributed. SOURCE: https://brandspurng.com/2020/08/23/minister-of-humanitarian-affairs-receives-donation-of-3999-tons-of-grain-from-ecowas-for-vulnerable-households/
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| Properties › Re: Lagos Embarks On Removal Of Illegal Structures At Idera Private Estate Scheme by rodeo0070(op): 10:55am On Aug 22, 2020 |
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| Properties › Lagos Embarks On Removal Of Illegal Structures At Idera Private Estate Scheme by rodeo0070(op): 10:54am On Aug 22, 2020 |
Lagos State Government has embarked on the removal of all illegal encroachment within the Idera Private Estate Developer’s Scheme in Ibeju-Lekki Local Government Area of the State due to overriding public interest. The Acting General Manager of New Towns Development Authority (NTDA), Tpl. Olakunle Aboyeji said that the removal exercise followed the directive by the State Governor, Mr. Babajide Sanwo-Olu to remove all illegal developments comprising of developed structures, buildings under construction, gated houses, metal containers, service facilities and storage facilities amongst others. He recalled that the Lagos State Official Gazette No. 20, Vol. 26 stating the notice of revocation of Right of Occupancy was issued as far back as 13th May 1993, where it highlighted that all parcels of land stretching from Maroko eastward to the boundary of Lagos Lagoon, Lekki Lagoon and Omu Creek in the South by the Atlantic Ocean including Refuge Island, Erekusu and Ita Oko Island, excluding all established villages, towns and settlements in Eti-Osa and Ibeju Lekki Local Government spanning an area of approximately 823.0km was acquired for overriding public interest since 1981 for the construction of Lower, Medium and Upper-income Housing Scheme as well as the construction of Schools, Hospitals and Private Estate Developers Scheme. Aboyeji said that the Idera Scheme was being repossessed for its proposed use, emphasising that all illegal occupants on the landmass had been served several notices as well as a seven-day ‘Removal Order’ while, upon expiration, the demolition exercise was carried out on Thursday, 20th August 2020. He stressed that the purpose of the global acquisition for the Idera Scheme was conceived and designed in 2004 by the State Government, through the New Towns Development Authority, as one of the Private Sector Developers Programmes (PSDP) covering an area of 1040.893 hectares of land, noting that the Scheme was designed for massive land allocation to facilitate large scale physical development within Lekki corridor for interested Private Estate Developers. The Acting General Manager observed with dismay that despite notices served for illegal development within the scheme by individuals, private estate developers and land speculators, construction activities still continued unabated without proof of land title or approved building plan. While hinting that some site selections had already been carried out within Idera scheme, he declared that any illegal structure that can hinder the government’s proposed development plan will no longer be permitted or tolerated, maintaining that the era of all illegal acquisitions and development on government schemes has come to an end. SOURCE: https://brandspurng.com/2020/08/22/lagos-embarks-on-removal-of-illegal-structures-at-idera-private-estate-developers-scheme-photos/
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| Celebrities › Big Brother Naija: Laycon, Nengi, And Erica Dominate Google Searches by rodeo0070(op): 8:51pm On Aug 20, 2020 |
Now in its fifth season, Big Brother Naija is a TV juggernaut that shows no sign of slowing down. Interest in the show remains as high online as it is in general, but which contestants are dominating when it comes to online searches and do different regions have their own favourites? Overall, Laycon, Nengi, and Erica have generated the most search interest, followed by Ka3na, Dorathy, and Kiddwaya. Already a hot commodity on the Nigerian music scene, Laycon’s appearance on Big Brother Naija has increased interest in his musical output, with “laycon songs” the second most-searched term related to his name (after “Laycon” itself). The next most popular Laycon-related term is “laycon bbnaija biography”, variations of which appear on all the contestants’ top searches. One of the notable top searches when it comes to 22-year-old entrepreneur Nengi, meanwhile is “nengi and ozo”, following the pair’s on-screen romance. Similarly, the chemistry between 26-year-old actress and model Erica and self-employed Kiddwaya saw “kiddwaya and erica” emerge as one of her top search terms. And while Laycon may have generated the most search traffic overall, Erica saw the biggest search spike. Given that Kiddwaya spiked at the same time, it’s likely that their ‘entanglement’ sparked this interest. Regionally, Erica has drawn the most interest from Borno province and Lagos, while Laycon is a firm favourite in Adamawa, Taraba, and several other provinces. Dorathay rules Kwara and Nengi generates the most searches in Bayelsa and Edo. With several weeks still to go on the current season of Big Brother Naija, there’s bound to be plenty more drama, which will have a major impact on searches around the show. Be sure to keep an eye out for those developments. Google's mission is to organize the world's information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Chrome and YouTube, Google plays a meaningful role in the daily lives of billions of people and has become one of the most widely-known companies in the world. Google is a subsidiary of Alphabet Inc. SOURCE: https://brandspurng.com/2020/08/20/big-brother-naija-laycon-nengi-and-erica-dominate-google-searches/
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| Business › Blackberry 5G Smartphone To Debut H1 2021 by rodeo0070(op): 9:00pm On Aug 19, 2020 |
New BlackBerry 5G smartphone will be publicly available in the first half of 2021 OnwardMobility's CEO Peter Franklin announces agreements with BlackBerry and FIH Mobile Limited, a subsidiary of Foxconn Technology Group, to deliver a new 5G BlackBerry Android smartphone with a physical keyboard, in the first half of 2021 in North America and Europe. Working closely with OnwardMobility, BlackBerry and FIH Mobile will ensure world-class design and manufacturing of these devices. OnwardMobility today announced agreements with and FIH Mobile Limited (HKG: 2038), a subsidiary of Foxconn Technology Group, to deliver a new BlackBerry 5G smartphone Android with a physical keyboard, in the first half of 2021 in North America and Europe. Under the terms of the agreement, BlackBerry grants OnwardMobility the right to develop, engineer, and bring to market a BlackBerry 5G mobile device. Working closely with OnwardMobility, BlackBerry and FIH Mobile will ensure world-class design and manufacturing of these devices. With the increasing number of employees working remotely with critical data and applications, coupled with the constant threat of cyberattacks, there is an absolute need for a secure, feature-rich 5G-ready phone that enhances productivity. Employees are demanding better workplace technology experiences, and organizations are facing increasingly complex challenges in selecting, deploying, securing and managing devices to meet expectations and maximize employee productivity. “Enterprise professionals are eager for secure 5G devices that enable productivity, without sacrificing the user experience,” said Peter Franklin, CEO of OnwardMobility. “BlackBerry smartphones are known for protecting communications, privacy, and data. This is an incredible opportunity for OnwardMobility to bring next-generation 5G devices to market with the backing of BlackBerry and FIH Mobile.” “Companies are rapidly investing in transformative technologies to improve productivity, but often don’t place enough emphasis on security, particularly in their use of mobile devices,” said analyst Jack Gold, President and Principal Analyst of J. Gold Associates, LLC. “With 5G quickly coming to market, and the acceleration it will cause in upgrading mobile devices and deploying productivity-enhancing apps, deploying proven and highly secure products like the BlackBerry 5G devices in enterprises, government, and regulated industries like finance or legal, is mission-critical." “BlackBerry is thrilled OnwardMobility will deliver a BlackBerry 5G smartphone device with physical keyboard leveraging our high standards of trust and security synonymous with our brand. We are excited that customers will experience the enterprise and government level security and mobile productivity the new BlackBerry 5G smartphone will offer,” said John Chen, Executive Chairman and CEO, BlackBerry. OnwardMobility will conduct product planning and market development for BlackBerry smartphones in North America and FIH Mobile will design and manufacture the BlackBerry devices under strict guidelines to ensure component, device and supply chain integrity. “As an exclusive supplier to OnwardMobility, we’re committed to delivering new BlackBerry 5G devices to market, utilizing our deep expertise in design, manufacturing, component supply and logistics management,” said Dr. Wen-Yi Kuo, Executive Director, FIH Mobile. SOURCE: https://brandspurng.com/2020/08/19/blackberry-5g-smartphone-to-debut-h1-2021/
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| Business › Ikeja Electric Launches Whatsapp Chatbot To Optimise Service Delivery, Complaint by rodeo0070(op): 4:40pm On Aug 19, 2020 |
Ikeja Electric, Nigeria’s largest power distribution company has unveiled a WhatsApp messaging solution, which offers real-time customers complaints resolution and 24-hour customer support service. The IE WhatsApp Chatbot works like regular WhatsApp platform and enables seamless two-way communication between the customer and the DisCo through the chat interface. Ikeja Electric, while explaining the functionality, noted that through the dedicated WhatsApp Chatbot number 09088951626, customers can get their account details, check and pay bills, confirm payments, report faults, make complaints and request for the prepaid meter. In addition, customers can check supply availability, report case of energy theft or vandalism, request for new connection and get answers to Frequently Asked Questions (FAQs), among other services. Customers can also speak with Customer Care Representative via the IE WhatsApp Chatbot if required. Speaking on the initiative, Head of Corporate Communications for Ikeja Electric, Felix Ofulue, explained that DisCo decision to deploy the service is part of its major push to deliver an optimum quality customer experience through technology. According to him, this commitment continues to elicit a passion for service excellence and new thinking on how to empower lives and businesses across the IE network. “IE as a business is following through with our digital transformation initiative to deliver optimal quality customer service using technology. WhatsApp, on the other hand, is a platform that has millions of users and huge adoption for customer resolution. Our goal is to ensure that our customers are able to reach us on WhatsApp as an easy medium of communication and to ensure we meet our target of delivering excellent service”. He pointed out that IE has over 800,000 customers within Lagos metropolis and as a business that understands consumer’s behaviour, motivations and needs, it has become imperative to introduce the WhatsApp channel to augment other existing customer touchpoints. In his words: “Our vision is to be the provider of choice wherever energy is consumed, so we are focusing on a huge adoption of technology to achieve this. This is also in line with our mantra of ‘customer first, technology now’. At the same time, we realise that a lot of our customers use WhatsApp as a preferred means of communication, so it is an obvious choice to provide it as a channel for customers to reach us seamlessly and communicate with us whenever they choose. The WhatsApp Chatbot, which will augment its existing customer touchpoints, is available to receive multiple queries and promptly respond with relevant information to various customers at the same time. However, customers cannot call the number since it is only reachable through WhatsApp chat. Ofulue said the introduction of the service will further optimize the Call Centre resources and also enhance the customer experience as the solution is capable of personalizing conversations, this will, in turn, add to the value and quality of interaction. The WhatsApp Chatbot is a product of a strategic relationship between IE and Infobip, a leading global cloud solutions provider. It is provisioned on a scalable digital cloud contact centre solution that enables businesses to deliver Omni-channel support for customers through a single interface for agents. Messaging services such as Facebook Messenger, WhatsApp, Live Chat, SMS and in-house Chabot can all be managed through the platform named Conversations. SOURCE: https://brandspurng.com/2020/08/19/ikeja-electric-launches-whatsapp-chatbot-to-optimise-service-delivery-complaints-resolution/
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| Business › Nigeria’s Inflation Rate Rises To 12.82% In July, As Food Prices Surge by rodeo0070(op): 1:24pm On Aug 17, 2020 |
Nigeria’s inflation rate rose further in July 2020 to 12.82% (year-on-year), 0.26% points higher than the rate recorded in June 2020 (12.56%). This is according to the latest CPI report, released by the National Bureau of Statistics. On a month-on-month basis for Nigeria’s inflation rate, the Headline index increased by 1.25 percent in July 2020. This is 0.04 percent rate higher than the rate recorded in June 2020 (1.21) percent. The percentage change in the average composite CPI for the twelve months period ending July 2020 over the average of the CPI for the previous twelve months period was 12.05 percent, representing a 0.15 percent point increase from 11.90 percent recorded in June 2020. The urban inflation rate increased by 13.40 percent (year-on-year) in July 2020 from 13.18 percent recorded in June 2020, while the rural inflation rate increased by 12.28 percent in July 2020 from 11.99 percent in June 2020. On a month-on-month basis, the urban index rose by 1.27 percent in July 2020, up by 0.04 from 1.23 percent recorded in June 2020, while the rural index also rose by 1.23 percent in July 2020, up by 0.04 from the rate recorded in June 2020 (1.19) percent. The corresponding twelve-month year-on-year average percentage change for the urban index was 12.66 percent in July 2020. This is higher than 12.50 percent reported in June 2020, while the corresponding rural inflation rate in July 2020 is 11.49 percent compared to 11.36 percent recorded in June 2020. Food Index The composite food index rose by 15.48 percent in July 2020 compared to 15.18 percent in June 2020. This rise in the food index was caused by increases in prices of Bread and cereals, Potatoes, yam and other tubers, Meat, Fruits, Oils and fats, and Fish. On a month-on-month basis, the food sub-index increased by 1.52 percent in July 2020, up by 0.04 percent points from 1.48 percent recorded in June 2020. The average annual rate of change of the Food sub-index for the twelve-month period ending July 2020 over the previous twelve-month average was 14.63 percent, 0.17 percent points from the average annual rate of change recorded in June 2020 (14.46) percent. All Items Less Farm Produce The "All items less farm produce" or Core inflation, which excludes the prices of volatile agricultural produce stood at 10.10 percent in July 2020, down by 0.03 percent when compared with 10.13 percent recorded in June 2020. On a month-on-month basis, the core sub-index increased by 0.75 percent in July 2020. This was down by 0.11 percent when compared with 0.86 percent recorded in June 2020. The highest increases were recorded in prices of Medical services, Passenger transport by air, Pharmaceutical products, Hospital services, Passenger transport by road, Maintenance and repair of personal transport equipment, Paramedical services and Vehicle spare parts. The average 12-month annual rate of change of the index was 9.48 percent for the twelve-month period ending July 2020; this is 0.11 percent points higher than 9.37 percent recorded in June 2020. State Profiles In analysing price movements under this section, note that the CPI is weighted by consumption expenditure patterns which differ across states. Accordingly, the weight assigned to a particular food or non-food item may differ from state to state making interstate comparisons of consumption basket inadvisable and potentially misleading. All Items Inflation In July 2020, all items inflation on year on year basis was highest in Bauchi (16.10%), Kogi (15.90%) and Sokoto and Plateau (15.20%), while Lagos (10.70%), Adamawa (10.60%) and Kwara (10.50%) recorded the slowest rise in headline Year on Year inflation. On month on month basis, however, July 2020 all items inflation was highest in Kogi (2.85%), Zamfara (2.44%) and Yobe (2.35%), while Ondo (0.67%), Adamawa (0.63%) and Ogun and Imo (0.62%) recorded the slowest rise in headline month on month inflation. Food Inflation In July 2020, food inflation on a year on year basis was highest in Kogi (20.09%), Sokoto (19.28%) and Plateau (18.05%), while Adamawa (13.37%), Abia (13.33%) and Lagos (13.13%) recorded the slowest rise. On month on month basis, however, July 2020 food inflation was highest in Zamfara (3.40%), Kogi (3.32%) and Yobe (3.00%), while Niger and Ogun (0.44%), Lagos (0.41%) with Adamawa recording price deflation or negative inflation (general decrease in the general price level of food or a negative food inflation rate). SOURCE: https://brandspurng.com/2020/08/17/nigerias-inflation-rate-rises-to-12-82-in-july-as-food-prices-surge/ 1 Like
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| Business › LASG Meets E-hailing Taxi Operators, Approves 20% Reduction In Operation Fee by rodeo0070(op): 11:16am On Aug 15, 2020 |
...New Guidelines to Commence on August 27 The issue surrounding new guidelines for the regulation of E-hailing Taxi Operations has now been put to rest following a meeting between the Lagos State Government and the representatives of the E-hailing Operators in the State on Friday. The meeting, which was held at the Lagos House, Marina and chaired by Governor Babajide Sanwo-Olu, was in response to the allegation by the operators that the State Government was planning to clamp down on e-hailing transport operations with the new operational guidelines, alleging that the aim was to ban all e-hailing business similar to what was done to commercial motorcycles and tricycles. Briefing the newsmen on the outcome of the meeting, Commissioner for Transportation, Dr Frederic Oladeinde, disclosed that the State Government and the operators have agreed to reduce the e-hailing operation fees by 20 percent. He added that the meeting also unanimously adopted the new regulations, after the parties involved jointly reviewed and fine-tuned some of the contentious items in the framework, stressing that the new regulations were not initiated by the Government to extort the operators and drivers in the business but meant to regularise the ride-hailing operations in line with security measures. According to him, “The meeting agreed that enforcement of the new regulations will now take off from August 27, 2020, instead of August 20, 2020, initially announced by the Government. By implication, the operators now have an additional seven-day extension to comply with the Government’s regulations”. Oladeinde said the State Government and the operators had reached an agreement on the controversial service tax, which is to be known as Road Improvement Fund, adding that the e-hailing operators would be paying N20 as Road Improvement Fund which will be levied on each trip the drivers make in a day. The Commissioner said Governor Sanwo-Olu also offered duty incentives to the operators, reducing their statutory operational licensing fee and renewal fee by 20 percent, implying that each e-hailing firm will now pay N8 million per 1,000 cars new licensing and renewal, instead of N10 million initially announced. While noting that the parties also agreed on procurement of comprehensive insurance by the e-hailing companies to cover their drivers and passengers, Oladeinde revealed that the State Government had granted all drivers on the e-hailing platforms an extension of 90 days to perfect all documents and licenses required for operation, including drivers licence and Lagos State Residents Registration Agency (LASRRA) cards. He further disclosed that the Government would create a special office for the drivers to fast-track necessary registration and documentation before the deadline while the operators have acceded to the Government’s position on thorough background check on the drivers for security and improved service delivery. The Commissioner averred that all parties agreed to checkmate the illegal bypassing of e-hailing mobile apps by unscrupulous drivers, who take passengers offline to collect cash, warning those involved to desist from the fraudulent act as the Government’s enforcement team would arrest defaulters. Speaking on the controversial issue of data, Oladeinde said: “We are not asking the e-hailing companies to release detailed data. All we are asking from them is the data for trip movement so that we can calculate the right charge and levy due to the Government. This data is to be supplied weekly”. While noting that there was no burden of additional levy on passengers patronising the e-hailing services, he urged the e-hailing companies to work with stakeholders in the business for a better relationship. Also speaking after the meeting, the Honourable Commissioner for Information and Strategy, Mr Gbenga Omotoso, said there had been no strain in the relationship between the e-hailing operators and the State Government, pointing out that the new regulations were not to impose a tax burden on the business. He said: “There is no iota of truth in the speculation that the Lagos Government is introducing a new tax regime. The introduction of the new regulations is about the security and smooth running of the business. It is all about ease of doing business in the State”. The National President of Professional E-hailing Drivers and Private Owners Association (PEDPA), Comrade Idris Sonuga, praised Governor Sanwo-Olu for listening to the demands of the operators, saying the new regulations would enable the drivers to go about their businesses without harassment by law enforcement agencies. According to him, “The meeting was successful. Governor Sanwo-Olu has done justice to all the grey areas. I use this opportunity to thank the Governor because he means well for the e-hailing community. I urge drivers to comply with the regulations and the deadlines given by the Government”. The Chief Executive Officer of BMP Car, Mr Ezekiel Ojo, who spoke on behalf of the e-hailing companies, confirmed that all the operators were in agreement with the outcome of the meeting. Other representatives of e-hailing firms that attended the meeting included Abisola Odukoya of Bolt Nigeria and Tola Odeyemi of Uber Nigeria. SOURCE: https://brandspurng.com/2020/08/15/lasg-meets-e-hailing-taxi-operators-approves-20-reduction-in-operation-fee/
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| Celebrities › Darey Reveals Uplifting New Single ‘jah Guide Me’ With Powerful Visual by rodeo0070(op): 10:26am On Aug 14, 2020 |
Nigeria’s Multi-platinum ‘Afro & B’ artist Darey has announced his anticipated return with new single ‘Jah Guide Me’, accompanied by a stunning official music video, out 14th August on Livespot Entertainment. Exploring the importance of hope and inspiration in these difficult times, ‘Jah Guide Me’ see’s Darey utilise a feelgood, relaxed production, filled with warm percussion and uplifting brass arrangements to bring his message to life that, even on a good day, everyone is looking to the higher powers who will help and guide us to a better and brighter future. The striking visual, shot on location in Lagos and brought to life by Darey himself alongside director Mex Ossai, seeks to explore the vision of Africa from an African’s perspective. Showcasing the creativity and vibrance of the people, young and old amidst the stunning surroundings of the white sand and beaches Nigeria has to offer, the video see’s Darey guide us through sanctuaries to the fields and waters whilst encapsulating the essence and beauty of those from across the country. “My latest single “Jah Guide Me”, represents a return to what I love best, creating and telling compelling stories that resonate with everyone” Darey explains. “The song comes at a critical period in our humanity where we have been reminded of just how fleeting life is and how supplication, prayer, spirituality, and the belief in a higher power often sees us asking for guidance as we navigate these tough times.” Also discussing the music video, Darey enthuses; “the approach is carefully styled and curated and exudes a vibe I term Afrofuturism. Edgy, cultural, cosmopolitan yet very relatable as it mirrors life for the ordinary person.” The son of the legendary African Jazz Musician and entertainer Art Alade, Dare Art Alade, professionally known as Darey is a multiple award-winning singer, musician, songwriter, music producer, showstopper extraordinaire and entrepreneur. Since gaining exposure across Africa as runner up in the 2004 season of Music talent search reality TV show, Project Fame, Darey has made an indelible mark on the Nigerian and African music scene. As a seasoned live performer, he has graced the stage alongside Beyoncé, Wizkid, Jay Z, Ciara, Cardi B, Burna Boy, Sean Paul, Usher, R Kelly, Akon, Lionel Richie and many more. His albums “From Me 2 U,” “unDAREYted,” and “Double Dare” have sold several million albums cumulatively and helped him amass millions of fans across Africa and the diaspora. Also a creative entrepreneur, Darey is the co-founder of Livespot360, a 360º creative collective responsible for 2019’s Livespot X Festival which saw Darey bring Cardi B to Africa for the first time as she headlined across its Lagos and Accra events. Following the success of the 2016 album ‘Naked’, Darey makes a triumphant return with ‘Jah Guide Me’, and proves to be the kind of musical escapism we need during these turbulent times. ‘Jah Guide Me’ was written and produced by Pheelz and Darey. SOURCE: https://brandspurng.com/2020/08/14/darey-reveals-uplifting-new-single-jah-guide-me-with-powerful-visual/
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| Politics › According To A Labour Force Statistics Report Published By The National Bureau O by rodeo0070(op): 10:13am On Aug 14, 2020 |
According to a Labour Force Statistics report published by the National Bureau of Statistics (NBS) on Friday, the unemployment rate in Nigeria increased from 23.1% in Q3 2018 to 27.1% in Q2 2020. Only 58,527,276 were employed at the time of the survey, while the number of people in the labour force was estimated to be 80,291,894. Under State disaggregation, Imo State reported the highest rate of unemployment with 48.7%, followed by Akwa-Ibom State and Rivers State with 45.2% and 43.7% respectively. The State with the lowest rate was Anambra in the South-East with 13.1%. For underemployment, the state which recorded the highest rate was Zamfara with 43.7%, while Anambra State recorded the lowest underemployment rate, with 17% in Q2, 2020. A total number of 2,736,076 did not do any work in the last 7 days preceding the survey due to the lockdown but had secure jobs to return to after the lockdown. Key Highlights of the report - The number of persons in the economically active or working-age population (15 - 64 years of age) during the reference period of the survey, Q2, 2020 was 116,871,186. This is 1.2% higher than the figure recorded in Q3, 2018, which was 115,492,969. - The number of persons in the labour force (i.e. people within ages 15 -64, who are able and willing to work) was estimated to be 80,291,894. This was 11.3% less than the number of persons in Q3, 2018. Of this number, those within the age bracket of 25-34 were highest, with 23,328,460 or 29.1% of the labour force. - The total number of people in employment (i.e. people with jobs) during the reference period was 58,527,276. Of this number, 35,585,274 were full-time employed (i.e. worked 40+ hours per week), while 22,942,003 were underemployed (i.e. working between 20-29 hours per week). This figure is 15.8% less than the people in employment in Q3, 2020. - The unemployment rate during the reference period, Q2, 2020 was 27.1%, up from the 23.1% recorded in Q3, 2018. The underemployment rate increased from 20.1% in Q3, 2018 to 28.6%. - The unemployment rate among rural dwellers was 28%, up from 23.9% in Q3, 2018, while urban dwellers reported a rate of 25.4%, up from 21.2%. In the case of underemployment among rural dwellers, it rose to 31.5% from 22.8%, while the rate among urban dwellers rose to 23.2% from 13.7% in Q3, 2018. - For the period under review, Q2, 2020, the unemployment rate among young people (15-34years) was 34.9%, up from 29.7%, while the rate of underemployment for the same age group rose to 28.2% from 25.7% in Q3, 2018. These rates were the highest when compared to other age groupings. SOURCE: https://brandspurng.com/2020/08/14/nigerias-unemployment-rate-climbs-to-27-1-in-q2-2020-nbs/
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| Car Talk › Volkswagen Opens Fifth Assembly Plant In Sub-saharan Africa (photos) by rodeo0070(op): 10:37am On Aug 13, 2020 |
In expanding its footprint in Africa, Volkswagen has officially launched its Ghana plant. The automaker says it has officially opened a vehicle assembly facility in Accra, Ghana, to join its other locations in South Africa, Kenya, Nigeria and Rwanda. The facility in Accra has a capacity to build 5,000 vehicles a year. The models to be assembled using the automaker’s semi-knocked-down assembly kits are the Tiguan, Teramont, Passat, Polo and Amarok. The event to announce automaker’s investment and the unveiling of the first vehicle assembled in Ghana was attended by the President of the Republic of Ghana, His Excellency Nana Addo Dankwa Akufo-Addo, Minister of Trade and Industry Alan Kyerematen, and cabinet ministers also saw announcements around Volkswagen’s overall investments into the country. The move is the culmination of a memorandum of understanding Volkswagen signed with the government of Ghana in the presence of German Chancellor Angela Merkel nearly two years ago. Ghana has played its part by announcing the creation of the Ghana Automotive Development Policy (GADP). The process has seen the creation of Volkswagen Ghana, (a 100% subsidiary of Volkswagen Group) the first automotive company to be registered under GADP and wholly-owned by the automaker. It will be responsible for the import of the SKD kits and fully built vehicles. Jeffrey J. Oppong Peprah has been named CEO of Volkswagen Ghana. In a statement, the automaker says it recognizes that while “the African automotive market is comparatively small today, the Sub-Saharan region has the potential to become an automotive growth market of the future.” SOURCE: https://brandspurng.com/2020/08/13/volkswagen-opens-fifth-assembly-plant-in-sub-saharan-africa/ 1 Like
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| Politics › President Buhari Finalises Nigeria’s Membership In African Trade Insurance (ATI) by rodeo0070(op): 4:59pm On Aug 12, 2020 |
Membership in African Trade Insurance Agency (ATI) allows Nigeria to attract additional insurance capacity to help attract investments Nigeria becomes a full member country at an opportune time. It joins ahead of others that are fast-tracking membership given the trade and investment insurance challenges during the COVID-19 pandemic and also recognizing the potential post-pandemic opportunities. - Nigeria contributed US$14.1 million to ATI’s capital in 2019 with African Development Bank’s (AfDB) financial support and fully completed its membership process through the ratification of the ATI’s Treaty. - Membership in ATI provides African countries with additional trade and investment insurance capacity, which helps cushion against the negative economic impacts of COVID-19. - ATI expects an estimated US$138 million in additional capital from prospective new shareholders in the coming months. This week, H.E. President Buhari signed the instrument of ratification to the African Trade Insurance Agency’s (ATI) treaty. This finalises Nigeria’s membership in ATI in a process that began some years ago. Membership in ATI allows Nigeria to attract additional insurance capacity to help attract investments and it also increases ATI’s capacity to support sovereign and commercial transactions in the country. Ultimately, Nigeria benefits because effective risk mitigation is vital to increasing investments and trade flows. Nigeria’s membership comes at a critical time for the economy as a sharp drop in oil prices due to a COVID-related one-third decrease in demand has impacted the country’s spending plans. The IMF predicts that falling oil prices will halve Nigeria’s export earnings to US$26 billion, which traditionally accounts for 90% of the government’s budget. African Trade Insurance Agency is well-positioned to support African countries through the pandemic. In the last three years, ATI has helped crowd-in nearly US$3 billion of investments to several African countries. With ATI’s sovereign and sub-sovereign credit wrap solutions, governments and state-owned enterprises have been able to obtain competitively priced and longer-term financing. In Nigeria, ATI has already provided significant support in the country’s oil and gas sector covering oil traders as well as in the financial sector insuring financial institutions. “As one of the largest economies in Africa with a vibrant private sector, ATI looks forward to working with the Ministry of Finance, the Central Bank, local financial institutions and corporate traders to support Nigeria’s economic diversification plans and its post-COVID recover,” noted Benjamin Mugisha, ATI’s Chief Underwriting Officer. As an important strategic partner, the African Development Bank (AfDB) has played a significant role in funding the membership participation of several African countries. Between 2010 and 2020, AfDB has provided US$70 million to fund the shareholding of seven African governments – Benin, Côte d’Ivoire, Ethiopia, Mali, Nigeria, South Sudan and Zimbabwe. In the coming months, five countries are expected to become fully-fledged members while an existing member state indicated its intention to increase its capital contribution. These countries will cumulatively benefit from US$91 million in financial support from the African Development Bank and the European Investment Bank, which is the African Trade Insurance Agency’s other strategic partner. Furthermore, the recently held General Meeting approved three new membership applications worth US$47 million, demonstrating ATI’s ability to mobilize international support to implement its development mandate and support African countries’ economic recovery from the COVID-19 global pandemic. ATI was founded in 2001 by the African States to cover the trade and investment risks of companies doing business in Africa. ATI predominantly provides Political Risk, Credit Insurance and, Surety Insurance. In 2019, ATI closed the year with exposures of US$6.4 billion and continued to post record results for the eighth consecutive year with 132% growth on the net profit over 2018 owing to strong demand for ATI’s insurance solutions from the international financial sector and from African governments. Since its inception, ATI has supported US$62 billion worth of investments and trade into Africa. And for over a decade, ATI has maintained an ‘A/Stable’ rating for Financial Strength and Counterparty Credit by Standard & Poor’s, and in 2019, ATI obtained an A3/Stable rating from Moody’s. SOURCE: https://brandspurng.com/2020/08/12/president-buhari-finalises-nigerias-membership-in-african-trade-insurance-agency-ati/
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| Celebrities › Re: Hyundai Motor America Appoints Olabisi Boyle As VP, Product & Mobility Strategy by rodeo0070(op): 10:14am On Aug 07, 2020 |
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| Celebrities › Re: Hyundai Motor America Appoints Olabisi Boyle As VP, Product & Mobility Strategy by rodeo0070(op): 6:35am On Aug 07, 2020 |
LMAO |
| Investment › Investment Lessons We Can All Learn From The Old Guard by rodeo0070(op): 9:35pm On Aug 06, 2020 |
Netflix’s new addition, which features sterling performances by Charlize Theron, Chiwetel Ejiofor, relatively newcomer Kiandra “Kike“ Layne and others, is a decent paced supernatural sci-fi thriller promising an adrenaline rush. The Old Guard, while packed with mind-bending, gunshot- absorbing action, points us to some important lessons in life and investing. Andy (played by Charlize Theron) leads an elite team of 4 hitmen who are immortal. They have fought together for centuries, defying old age, on the side of good, saving people and making the world a better place. The story progresses to reveal the Nile, a US Marine who accidentally discovers her own immortality when her throat is slit in Afghanistan. Nile joins the group, and they focus their energies on taking out the common enemy, pharmacist billionaire Steven Merrick, who works with a conflicted right-hand man to capture the immortals and find the secret of their immortality to try to commercialize it. What does all this have to do with investing? I’m glad you asked. Here are a few life lessons we can all learn from the conflict, blood, and gore of this sensational thriller: Anyone can change This is both a life lesson and an investing lesson. Human nature is such that it is very easily able to adapt itself in favour of self-preservation. James Copley, Merrick’s right-hand man, is first presented to us as a rogue FBI agent who is trying to do some good by saving kidnapped girls. As the movie progresses, we see his real intentions. In personal finance and investing, nothing is set in stone. Some investment options may assure you of a low-risk profile and quarterly interest rates. Know that things can change depending on the external environment, so do not be caught unaware. Do not judge a book by its cover In the film, Andy went alone to Afghanistan to extract Nile from the US Army base. For the longest time, Nile was still doubtful of Andy’s character. She thought it was all a hoax. When she came face to face with evidence of the work Andy had done over the centuries however, she was willing to take on the whole security detail on the Merrick property to free her new friends. Recently, electric car maker Tesla emerged as the world’s most valuable carmaker, overtaking Japan’s much older Toyota. Tesla’s stock hit a record high of $1,134. Investing advice often persuades us to go with companies that have been around for a long time and have consistently printed rising profits year on year. But occasionally, the investor who takes a chance can hit a reward most people only dream of. So, take calculated risks. With money and with people. Immortality is only to be found in movies There is a feeling that lingers after a particularly enthralling movie. As you leave the cinema hall or close the laptop, you can almost swear you have inherited some of the power or mystery of your favourite character. Soon enough though, this wears off and you once again become fully immersed in the grimness of real life. The eventual wearing off of the high we get after seeing a good movie is instructive. In real life, we do not expect to miraculously become immortal. We should extend the same to our investing lives. Investing is always an ongoing thing. You need to constantly make changes in your position in response to the flows and ebbs of the market, to maximize your funds and returns in the long run. Immortality is not promised or expected, just like economies of whole countries, regions and the globe have repeatedly crashed. In the end, what would matter is if you achieved your goal or not At the end of the day, you either achieve your set goal or you don’t. You may have reasons for not achieving, and those reasons may be valid, but the hard-cold fact is you did not achieve it. While watching this movie, and for the sake of humanity, I was quietly hoping that the secret of immortality would be discovered, extracted, and replicated into small drug bottles that would eventually be available over the counter. But of course, it’s a movie; villains don’t win. Being more decisive is a virtue. If you’re keeping all your savings in a regular bank account, with all it various charges, and then one day you realize you can transfer that money into a secure investment platform like Investnow.ng that gives you regular interests and enables you to earn extra, you can make that decision or not! In the end, what will matter is not how many hours you spent thinking about making a move to earn more. What will matter is what you did (or not do) about it. At the end of the movie, the villain is defeated and our heroes, members of the Old Guard drive off. Just like investing, it is a story of courage. Of knowing when to hit and when to duck. Investing can be tough and overwhelming at first. But at United Capital, we are here to help you through it and give you a soft start with our low-risk retail investment options available on investnow.ng. SOURCE: https://brandspurng.com/2020/08/06/investment-lessons-we-can-all-learn-from-the-old-guard/
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| Celebrities › Hyundai Motor America Appoints Olabisi Boyle As VP, Product & Mobility Strategy by rodeo0070(op): 6:54pm On Aug 06, 2020 |
Hyundai Motor America is strengthening its leadership team with the addition of Olabisi Boyle as the vice president of Product Planning and Mobility Strategy. Boyle will be responsible for guiding the strategic direction of Hyundai’s U.S. vehicle lineup, leading long- and short-range planning, and overseeing market research, business analytics and pricing. Placing an even greater emphasis on delivering the technologies customers desire now and in the future, this role also includes leadership of Hyundai’s mobility strategy, including IT business solutions, connected car technology and future innovations. Boyle starts on Aug. 10 and will report to Hyundai Motor North America president and CEO José Muñoz. “Olabisi brings to Hyundai the perfect combination of automotive engineering and product planning experience with an in-depth understanding of the technologies that are going to drive the future of the automotive industry,” said Muñoz. “She has an outstanding track record of evaluating market trends, leading teams and using her engineering expertise to launch products and services that consumers appreciate and enjoy.” Boyle joins Hyundai from Visa, where she was most recently the vice president of Connected Commerce, leading the Internet of Things, Tap-to-Phone, and Acceptance Cloud payment products. Prior to her Connected Commerce position, she was the vice president of IoT and Connected Car, where she was responsible for expanding Visa’s in-car payment technology. Boyle has 20 years of automotive industry experience, including various engineering, product strategy and manufacturing leadership roles at Fiat Chrysler Automobiles and Ford Motor Company. At Chrysler, she was the director of Engineering Planning and Technical Cost Reduction and prior to that was the chief engineer for Chrysler Town & Country and Dodge Grand Caravan Minivans. Boyle has been recognized for her career accomplishments and was recently selected to the San Francisco Business Times’ 2020 Most Influential Women in the Bay Area list and was the recipient of the 2018 Women in Payments Innovation Award. She is an advisory board member for the Los Angeles Auto Show (AutoMobility LA) and was elected as co-chair and board member of the Chrysler African American Network. Boyle also served as a board member of the Detroit Area Pre-College Engineering Program (DAPCEP). Boyle has a Bachelor of Science in industrial engineering from Columbia University, a Bachelor of Science in physics from Fordham University and a Master of Science in mechanical engineering from Columbia University. Hyundai’s technology-rich product lineup of cars, SUVs and alternative-powered electric and fuel cell vehicles is backed by Hyundai Assurance—its promise to create a better experience for customers. Hyundai vehicles are sold and serviced through more than 820 dealerships nationwide and nearly half of those sold in the U.S. are built at Hyundai Motor Manufacturing Alabama. Hyundai Motor America is headquartered in Fountain Valley, California, and is a subsidiary of Hyundai Motor Company of Korea. SOURCE: https://brandspurng.com/2020/08/06/hyundai-motor-america-appoints-olabisi-boyle-as-vice-president-of-product-planning-and-mobility-strategy/
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| Business › GTBank is Nigeria’s Best Bank for a record extending 10 Times - Euromoney Awards by rodeo0070(op): 5:17pm On Aug 04, 2020 |
Guaranty Trust Bank Plc (GTBank) has long been regarded by industry watchers as one of the best run financial institutions in Africa, a reputation that has been further buttressed by its recent recognition as the Best Bank in Nigeria by the renowned business and finance magazine Euromoney, for a record-extending ten times between 2010 and 2020. The foremost African financial institution was also recently awarded the Euromoney Excellence in Leadership Africa Award for its swift reaction in responding to the Covid-19 crisis and for addressing the impact of the pandemic on its customers and communities. Euromoney's Awards for Excellence is one of the most coveted accolades in the global financial services sector. The Magazine’s Awards for Excellence celebrates the best banks around the world by recognizing institutions that have demonstrated leadership, innovation, and momentum in the markets they operate. Key to GTBank’s dominance as the Euromoney’s Best Bank in Nigeria is the Bank's consistency in driving new innovations in financial services, championing community development programs that uplift the most vulnerable in society, and delivering the best performance across several key financial indices. The Euromoney awards also reflect the efficacy of the Bank’s long-term strategy and the dedication of a senior management team that abhors complacency, puts a premium on excellent service quality and keeps the business in a constant state of innovation. Regarding GTBank’s Excellence in Leadership Award, Euromoney said; “One of the first things Nigeria’s Guaranty Trust Bank did with the onset of the Covid-19 pandemic was to get in touch with local authorities to see how the bank could help. Recognizing that the pandemic would stretch the public healthcare system, the Bank partnered with local authorities to set up a care facility for people with Covid-19. “GTBank also granted small and medium-sized enterprises a grace period of 90 days [which has since been extended by a further 3 months] on all loan payments. It is also developing other resources to help SMEs better understand and navigate the impact of the pandemic,” the magazine added. Commenting on the Bank’s Euromoney Awards, the Chief Executive Officer of GTBank, Segun Agbaje, said; “We feel very humbled to be awarded the Excellence in Leadership in Africa Award and immensely proud to be named Nigeria’s Best Bank for a record tenth time. These awards reflect what we are all about at GTBank—giving back to society and adding value to people’s lives. They are also testaments to our commitment to always be there for our customers and communities as a beacon of hope, an engine of progress and a platform for enriching lives.” He further stated that; “As we continue to navigate the fallout of this pandemic, the imperative of our time as an organization remains to safeguard our lives and livelihoods. This means that we will continue to lead from the frontlines by protecting our employees, serving our customers wherever they may be, helping businesses make it through these uncertain times and supporting public authorities in combatting the pandemic.” GTBank serves as a role model within the financial service industry due to its bias for world-class corporate governance standards, excellent service quality and innovation. Renowned for its forward-thinking approach to financial services and customer engagement, the Bank was recently ranked Africa’s Most Admired Finance Brand in the 10th-anniversary rankings of Brand Africa 100: Africa’s Best Brands, the pre-eminent survey and ranking of the Top 100 admired brands in Africa. SOURCE: https://brandspurng.com/2020/08/04/a-decade-in-peerless-excellence-gtbank-is-nigerias-best-bank-for-a-record-extending-10-times/ 1 Like 1 Share
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| Celebrities › Re: Photos From The Lagos Ileya Virtual Concert by rodeo0070(op): 10:29am On Aug 04, 2020 |
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| Celebrities › Re: Photos From The Lagos Ileya Virtual Concert by rodeo0070(op): 10:28am On Aug 04, 2020 |
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| Celebrities › Photos From The Lagos Ileya Virtual Concert by rodeo0070(op): 10:27am On Aug 04, 2020 |
The Lagos Commissioner for Tourism, Arts and Culture, Mrs. Uzamat AkinbiIe-Yusuf, and the Special Adviser on Tourism, Arts and Culture, Mr. Solomon Bonu, has described the Lagos Ileya Virtual Concert held during the weekend as successful and very encouraging, saying that the event actually met the yearnings of Lagosians and several other participants across the globe. The duo stated that the reach of the event was overwhelming and an attestation to the fact that Lagosians and indeed fun lovers across the globe had earnestly and eagerly anticipated such event. The Special Adviser, while speaking at the end of the two-day event held at Lagos Theatre, Oregun amidst strict observance of COVID-19 protocols, revealed that the State Government leveraged on both the conventional and social media platforms to air the event live to participants in different parts of the country and beyond. He said, "We don't want our viewers to be limited to social media platforms alone or be denied participating in the fun due to network connection or data limitation that is why we decided to air the concert live on both Lagos Television (LTV) and TV Continental (TVC) channels". Bonu appreciated the participation of Lagosians and the various artists during the two-day event, noting that with the huge enthusiasm displayed by the virtual audience, the State government is encouraged to initiate more of similar programmes in the future to meet the entertainment needs of the populace. Speaking earlier on the first day of the event, the Commissioner for Tourism, Arts and Culture, Mrs. Uzamat AkinbiIe-Yusuf disclosed that the event was designed to identify with Muslim faithful during this year's Eid-Eil-Kabir celebration. She said that since the State Government had advocated for a very low key celebration, it was important to provide an alternative platform of fun that will engage and encourage people to really stay at home to celebrate and enjoy the Sallah festivities. The Commissioner remarked that one major lesson which the pandemic had brought to fore is the need to create and initiate good ideas that ordinarily would not have sufficed without the pandemic, adding that the drive to keep government activities going despite COVID-19 has brought about several laudable initiatives like the virtual concert. "We know that the virus is real that is why we have been discouraging large gatherings but despite that, we believe that our people can stay at home and enjoy themselves in an atmosphere that will not breach any of the health safety protocols", the Commissioner stated. She also used the occasion to assure stakeholders in the Tourism and Entertainment sectors that the present administration, under the leadership of Governor Babajide Sanwo-Olu, has so much in stock for the industry and its practitioners. While making reference to the N1 billion commitment fund granted to the Tourism and Entertainment industry by Governor Sanwo-Olu, the Commissioner stated that there are other incentives being planned for stakeholders by the government. She, therefore, expressed the hope that with the cooperation of residents of the State and the ceaseless efforts of the government in respect of the pandemic, the curve of the virus would be flattened very soon. Popular Islamic singer, Alawiye; renowned Fuji entertainer, Malaika; Stand Up Comedian, Kenny Blaq and hip-hop stars including Small Doctor, thrilled Lagosians and fun lovers across the globe with musical vibes during the first day of the event, while the likes of Teni, Chameleon, Neptune, Desktalker, Omo Baba, Omo Ibadan, APC Queen and Iya N Ghanah among others featured on the last day of the event. SOURCE: https://brandspurng.com/2020/08/04/photos-from-the-lagos-ileya-virtual-concert/
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| Celebrities › Re: OPPO Mobile Launches The Powerful OPPO A92 In Nigeria by rodeo0070(op): 8:24am On Aug 04, 2020 |
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