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Nigeria is an investment haven – Eko Business Dinner Coordinator

Chime Nwagbara, Chief Executive Officer of Struts Enterprises

 

Chime Nwagbara is Chief Executive Officer of Struts Enterprises, an event management firm, and AIGTC Ltd., an agro-commodities exporting company. He is the Project Coordinator of Eko Business Dinner, EBD, an executive business event for organisations, companies and business-minded individuals across the world. He spoke to Vanguard’s Oboh Agbonkhese on, among other issues, the EBD scheduled for October 22 with the theme Nigeria’s Economy Today: A Need for Collaboration?

 Is there a noticeable vacuum in Nigeria’s business circuit that led to the conception of Eko Business Dinner, EBD?

 Yes. With Nigeria’s economic situation today, one would advise collaboration and partnerships. There is also need for expediency; a diversified but unified approach to business will aid in achieving whichever targets the industry or the entrepreneur has. Chime Nwagbara, Chief Executive Officer of Struts Enterprises Chime Nwagbara, Chief Executive Officer of Struts Enterprises

Royal Exchange records 14% growth in GPI

Royal Exchange Group has posted a gross premium income of N10.79 billion for the 2015 financial year. Addressing shareholders at the Annual General Meeting (AGM) in Lagos,

Chairman of the company, Mr. Kenneth Odogwu, said that the figure edged up by 14 per cent as the company recorded N9.43 billion in 2014. Odogwu said the firm’s net premium income peaked at N8.08 billion, profit/loss for the period closed at (N1.29 billion) while total assets stood N26.53 billion. According to him, the firm’s net claims peaked at N3.04 billion, as against N2.43 billion recorded in 2014, the underwriting expenses decreased by four per cent from N2.74 billion in 2014 to N2.64 billion last year. He noted that the management expenses were N3.27 billion as against N3.09 billion in the previous year, adding that an increase in reserve of N1.2 billion was made by the group for the insurance and investment liabilities of the life subsidiary with the period under review.

Difference between Invoice and Receipt

There are a lot of complications in understanding the difference between invoice and receipt. The persons who engage in trading activities knows them, undoubtedly, but the person related to non-trading activities may have to go with severe perplexity to interpret the two terms. Here with the help of this article, the major difference between invoice and voucher has been discussed for the full apprehension of the two entities.

Content: Invoice Vs Receipt

1.      Comparison Chart

2.     Definition

3.     Key Differences

4.     Similarities

5.     Conclusion

CV Tips: 5 Things You’re Forgetting to Do Before Sending Your Resume

If you could choose between a beautifully tailored outfit designed to fulfil all of your wildest fashion dreams or a ready-to-wear baggy tee from some random retailer, which would you pick? That’s a rhetorical question. You’d obviously want that tailored outfit. Did I mention it comes with bespoke pockets? Well, it does.

In the age of personalization, we want everything to be made to fit us. So, why would we expect a hiring manager to want anything different when they get a stack of resumes in response to a job offer? See here’s the rub. Whenever a hiring manager posts a job offer, they receive 250+ other resumes on average in response. From that pile, they need to find the one diamond that shines brighter than all the others.

How can you expect your resume to shine bright like a diamond (yes, I just quoted Rihanna) if you send in a generic resume that you didn’t tailor to the job offer? You can’t. Plain and simple. I know, you probably think that tailoring a resume is a difficult and time-consuming process. Here’s what I have to say to you – no, no it is not. Not if you make a good use of the infographic by Uptowork – Your Resume Builder  below and use the following tips:

U.K. Announces Visa-Free Entry For Citizens Of Commonwealth Countries

 

As Theresa May takes over as Prime Minister of the United Kingdom, a new visa regulations have been written and this ruled out visa requirements for citizens of Commonwealth member countries.

As per this revision of the visa regulations, all citizens of Commonwealth nations of which Nigeria is among no longer require visas when traveling to the UK for a period of six (6) months.

Nigeria grosses over $100 billion through e-payment annually- Obi Valentine

Valentine Obi is the Chief Executive Officer of Nigeria’s premiere e-payment solutions provider, eTranzact International Plc. In this interview with Jonah Nwokpoku, he speaks on the evolution of the electronic payment industry in Nigeria, vis-a-vis the growth of his company which was founded in 2003 and got rebranded only last week. He argues that the electronic payment industry has come of age, having grown tremendously over the past decade but says there is still huge potential yet untapped in the industry. Excerpts eTranzact has just rebranded its identity, what does this mean for the company?

Forex: CBN throws Naira into open market, nullifies N197/$ exchange rate

MEETING: From left, Governor, Central Bank of Nigeria (Cbn), Mr Godwin Emefiele; Director-General, Economic Policy, Cbn, Mrs Sarah Alade and Director-General, Operations, Mr Suleiman Barau, at the Monitoring Policy Committee meeting, in Abuja, yesterday. Photo: Nan.

 

ABUJA — The Central Bank of Nigeria, CBN, yesterday, announced a flexible exchange rate regime aimed at making foreign currencies more accessible.

 With this action, the CBN has nullified the official exchange rate regime of N197/dollar. The CBN took the measure following severe pressures on external reserve and foreign exchange supply crisis. Governor of the CBN, Mr. Godwin Emefiele, who announced this at the end of the Monetary Policy Meeting, in Abuja, also said the Monetary Policy Rate, MPR, was retained at 12 per cent; Cash Reserve Ratio, 22.5 per cent; and Liquidity Ratio, 30 per cent.

Nigerian develops model to boost fuel supply

A NIGERIAN Petroleum Engineer, Mr. Chinedu Onyeizu, has developed a three node policy and a technology-based model aimed at addressing the challenges of fuel supply in Nigeria, by empowering Nigerians and the authorities with the capacity to track supply across all the downstream petroleum sector value chain.

Addressing newsmen in Abuja, Onyeizu, a graduate student of the Massachusetts Institute of Technology, MIT, said the model will help address Nigeria’s fuel challenges in one year. He also said the model will empower the authorities to allocate and monitor fuel supply across all the supply chain in real-time, using sophisticated computer packages as well as enabling Nigerians to track fuel supply from depots, through transport facilities to petrol stations.

INTERVIEW QUESTIONS FOR ECONOMISTS, HINTS AND CV HINTS.

1.              Define your country’s Economy?  Hint: Mixed Economy, Capitalist Economy, Socialist Economy etc.

2.              What is the mathematical representation of an open Economy? (i.e. GDP or Output)

3.              What is OPEC and it’s Functions?

4.              What are GDP, GNP, NNP, and NDP? Distinguish.

5.              What is National Income, Per Capita Income?

6.              Differentiate between Economic Growth and Economic Development?

Higher Education Strategy Development by BCG

The changing nature of higher education demands a strategic development process that is proactive, inclusive, and collaborative. The strategy development process relies on a broad collection of research and stakeholder data. It also analyzes higher education trends in the context of an individual school’s performance, mission statement, and aspirations. 

With this kind of insight, institutions at any level can develop a long-term strategic plan that is sustainable over time yet flexible enough to adapt to internal and external challenges and trends. Take a look at how the process comes together.

Facebook quarterly profit triples as use climbs

Facebook on Wednesday reported a powerful surge in profits as the user base of leading social network continued to climb. Profit in the first quarter tripled from a year ago to $1.5 billion as revenue jumped to $5.4 billion from $3.5 billion in the same period a year earlier.

30-day fuel imports can build 15 modular refineries — Don

According to vanguard news, a university don has argued that the cost of importing petroleum products for 30 days is capable of building up to 15 modular refineries in the country, even as he urged the federal government to tap from the technology of illegal refineries instead of destroying them.

A Director, Centre of Gas, Refining and Petrochemicals, Institute of Petroleum Resources, University of Port Harcourt, Prof. Godwin Igwe, who said this at the African Modular Refinery Seminar in Lagos, also said modular refineries will diversify the Nigerian economy, with its security implications for the country. According to him, “Modular refineries are required right now.

LEARN HOW TO FAIL By Robert Kiyosaki

 

Greetings Friend,

There are a lot of great entrepreneurs out there, but one of my favorites is Thomas Edison. I think I’m such a fan because, like me, he failed so much more than he succeeded. Of course, he learned how to turn those failures into golden lessons.

The 25 highest-paying companies of 2016

If money is your No. 1, No. 2 and No. 3 priorities when it comes to work, you might want to make sure you're qualified to work in technology or management consulting.

Here's why: Technology companies account for most of the 25 highest paying companies this year, according to a compilation of salary reports from users of the jobs site Glassdoor. Consulting firms come in a distant second. And Visa is the sole company representing finance on the list.

China to start importing from Nigeria —Emefiele

Washington — The Governor of the Central bank of Nigeria (CBN), Godwin Emefiele, has said the Federal Government was talking with China so it would also be importing some of its own requirements from Nigeria.

According to Emefiele, this would help to reduce the gulf in trading between the two countries. Speaking at a press conference at the World Bank headquarters in Washington, on the last day of the 2016 World Bank/IMF spring meeting, Emefiele also said part of Nigeria’s deal with China was that the country became the Asian country’s trading hub in West Africa. 

100 BUSINESS IDEAS - One can setup in Nigeria and still be making a Good Profit

100 BUSINESS IDEAS

There are a lot of business opportunities one can setup in Nigeria and still be making a good profit. Some of them can be done on the internet while others can be done offline. There are people who are already doing them and making a living from it. You too can do them and add your own style to it. I just thought I should list out some 100 ideas for businesses you can do in Nigeria:
1. Pure water business
2. Ice blocks production
3. Cement blocks production
4. Paving stones production
5. Art collection and gallery
6. Transportation - Okada (Motorcycles), Danfo
(Commercial buses), Keke(Tricycles) and Taxis
7. Wedding planning
8. Web designing and development
9. Educational centers for Jamb, Waec, NECO,
ICAN
10. Daycare and/or schooling

Turning great ideas into great money

 

 

Having a great business idea is only the first step in the journey to raising your business empire. Turning your business idea into a money- making venture requires raising the capital necessary to get your blessing running and that represents the next step of thousands of other steps.

 In starting your own business, the most challenging task you have to face as an entrepreneur is raising money as capital.

Integrated Oil’s $116m refinery ready this year —GMD

 

Integrated Oil and Gas Limited, has reiterated that its $116 million modular refinery would be ready before year end, as scheduled. The Group Managing Director, Integrated Oil and Gas Mr Anthony Iheanacho, told journalists in Lagos that preliminary works had started for the 20,000 barrel capacity modular refinery.

Nigerian Economic & Social Risks summit, Risks Awards Presentation & Business luanch-7th April, 2016 at Four Points By shareton-Lagos, Nigeria.

Things I know about risk - Texts, Quotes….

1.       So I buy second-hand clothes, how is that risky?

2.       Engaging my Okada rider in a conversation while on motion, is that risk too? #NRASummit #9jaRisks

3.       Big risk is taking no risk, bigger risk is taking risks without knowing it .  .  . #NRASummit #9jaRisks