Ugandan Remittances Decline But Still Are A Lifeline For Rural People

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Ugandan Remittances Decline But Still Are A Lifeline For Rural People

The impact of the COVID-19 pandemic on the global economy and job security for Ugandan migrant workers around the world has reduced the amount of money they are sending back home to their families.

But remittances still provide crucial support for some of the world’s poorest people.

Recent data from the May Migration and Development Brief shows that remittance flows to Uganda declined by 26 per cent, from US$1.4 billion in 2019 to US$1.1 billion in 2020. Yet despite the decline, Uganda was ranked among the top ten recipient countries in sub-Saharan Africa (SSA).

For millions of households that depend on remittances, the decline only underscores the role these private transfers of funds play in safeguarding their food security, health care, savings and investment opportunities.

Uganda’s mobile money service is one of the most integrated globally, especially for cross-border mobile money services. Existing services allow people to receive money from four countries in SSA and send it from wallet to wallet to six different countries in the region.

A recent study by the International Fund for Agricultural Development (IFAD), on remittances to Uganda highlights the fact that innovative solutions have the potential to increase access to and use of remittances received by households for greater financial inclusion and investment opportunities. The study also recommends specific actions to safeguard and recover from the COVID-19 crisis.

To help catalyse growth in the market, IFAD has launched a national call for proposals under its Platform for Remittances, Investment and Migrants’ Entrepreneurship (PRIME) Africa programme in collaboration with the European Union. The aim is to identify and support initiatives that reduce transaction costs, accelerate digitalization, leverage remittances to deepen financial inclusion and expand formal channels.

“While there has been a great transition to digital financial services, the key concern for Uganda remains to make money transfer safer, more secure and cost-effective,” said Tilda Nabbanja Acting Head of the Financial Inclusion division of the Bank of Uganda. “Greater financial literacy, innovations in service delivery and synergies among the development institutions, private and public sectors have to be built, in order to promote financial inclusion in the country.”

The average cost of sending money to Uganda remains high at 8.7 per cent, double the Sustainable Development Goal’s (SDG) recommended target of 3 per cent. But the pending National Payment Systems Act has the potential to achieve the set SDG target, create an enabling environment for digital financial and payment service providers, and increase competition and consumer protection.

“As all governments plan for recovery strategies, it is crucial to facilitate the contribution that 200 million migrants make to over 800 million family members around the world,” said Pedro De Vasconcelos, Manager of IFAD’s Financing Facility for Remittances.

“The opportunity for Uganda today is not only to make remittances cheaper as per the SDG target but also to make them count for the millions of families that receive them. That will give families greater financial options in their daily lives and ensure greater resilience, particularly in times of crisis,” he added.

Rite Foods Limited Shines At Champion Annual Awards

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Rite Foods Limited Shines At Champion Annual Awards

Rite Foods Limited, a truly world-class and proudly Nigerian Food and Beverage Company, Producers of Bigi Carbonated Soft Drinks (CSD), Fearless Energy Drinks, and variants of sausage brands, has been awarded brand of the year.

The Awards organized by Champion News Media, Publishers of Champion Newspapers, was conceived to honour the best of human resources and institutions in Nigeria. Rite Foods was adjudged the Best from a plethora of Multinational organizations that are in the Fast Moving Consumer Goods (FMCG) category.

According to Ugo Amadi, Editor, Champion Newspapers who stated that The Awards is also targeted at acknowledging the contributions of some of the outstanding individuals, organizations, agencies, and institutions of both State and Federal Governments to the development of Nigeria in particular and humanity in general in the areas of business, politics, culture, social and infrastructural developments.

Aside from Rite Foods Limited, other organizations honoured at the Champion Media Awards include First Bank of Nigeria Limited, African Alliance Insurance, Innoson Motors, Access Bank, NSIA Insurance, Nigerian Liquefied Natural Gas (NLNG), and Dangote Foundation.

Unarguably, the fastest-growing Foods and Beverages Company in West Africa, with the vision of becoming the industry’s foremost conglomerate by 2030.Rite sausage brands became the most innovative Sausage Roll, Number 1 Sausage Roll in Nigeria with the Innovative Rite Spicy Sausage, and dominated the Sausage Market with a variety of Sausage Rolls.

Also, it introduced the Bigi Carbonated Soft Drinks (CSD) and Fearless Energy Drinks in 2017. Since then, the brands have set the pace for others to follow, as the most preferred products by families nationwide, as well as addressing the market need of young pupils in schools.

The CSD has Twelve (12) variants, with the Bigi Premium Table Water produced with global best practices in purification for hydration, freshness, and healthy living. The company’s inventiveness has earned high recognition in the energy drinks market with the first-ever packaged polyethylene terephthalate (PET) bottle brands for the Fearless Red Berry and Fearless Classic. For a Nigerian- based refreshment organization with humble beginnings, Rite Foods has defeated the chances in an industry soaked with numerous International Brands.

In her remarks, the Group Managing Director/Editor-In-Chief of Champion Newspaper, Dr(Mrs) Nwadiuto Iheankanwa who was visibly elated of the 2020 edition of the award, said; ”The awards and recognition are intended to acknowledge individuals, organizations and agencies that made outstanding contributions in reshaping the growth and fortunes of Nigeria in the year under focus. We took extra care in sorting out these individuals and organizations as our Board of Editors was painstaking in voting for the right candidates. It is our little way of encouraging Nigerians to strive towards excellence in all their endeavors”.

Interestingly, the rapid success of Rite Foods Limited, presently led by second-generation custodians and gradually extending into the next generation, broken all encumbrances known with indigenous businesses, can be attributed to its quality consciousness and technological advances within the market space.

Rite Foods Limited began production in March 2008 with sausages and has since become a major player; where it has also set the pace in 2016 with products comprising of Bigi Cola, Bigi Orange, Bigi Apple, Bigi Bitter Lemon, Bigi Soda Water, Bigi Lemon & Lime, Bigi Tropical, Bigi Chapman, Bigi Tamarind, Bigi Cherry Cola, Bigi Ginger Lemon, Bigi Ginger Ale, Fearless Redberry Energy Drink, Fearless Classic Energy Drink, Rite Spicy, Bigi Beef Sausage roll, and Rite Sausage roll.

Bigi Premium Table Water is produced with global best practices in purification offers quality, freshness, confidence, and reliability.

The company’s inventiveness has earned high recognition in the energy drinks market with the first-ever packaged polyethylene terephthalate (PET) bottle brands for the Fearless Red Berry and Fearless Classic.

NBC Mentors Youth On Entrepreneurship, Financial Literacy, Life Skills

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NBC Mentors Youth On Entrepreneurship, Financial Literacy, Life Skills

The Nigerian Bottling Company Ltd (NBC) has reiterated its unwavering commitment towards empowering the nation’s youth, through programs that enable them to thrive and also contribute meaningfully to economic development.

The Manager, Sustainability & Community Affairs, Nigerian Bottling Company (NBC), Ifeoma Okoye reaffirmed this at the campus edition of the company’s Youth Empowered Programme tagged #DiscoverDevelopSucceed held on Tuesday, May 25, 2021, at the University of Lagos.

In her opening remarks which centered on intentional mentorship and bridging skills gap, Okoye noted that Youth Empowered is designed to set the youths on the right path to success by providing them with sustainable life and business skills. According to her, there is a gap between the skills that employers look out for, and the skills that many job seekers possess. This disparity, she said, makes it difficult for individuals to find jobs and for employers to find appropriately trained workers.

“At NBC, we are committed to empowering youths across the country with pieces of training that help to bridge this skillset gap.

The Nigerian edition of the Coca-Cola Hellenic Bottling Company (CCHBC) Youth Empowered, was launched in 2017. In its various forms ranging from the free online training platform, three-day workshops and one-day campus workshops, Youth Empowered has reached over 21,000 youths who are positively making an impact and building society.

NBC Mentors Youth On Entrepreneurship, Financial Literacy, Life Skills-Brand Spur Nigeria
L-R: Dayo Oluwole, Kasher Consulting; Ifeoma Okoye, Sustainability & Community Affairs Manager, Nigerian Bottling Company Limited (NBC); Dr. Lawrence O. Osoba, Sub-Dean, Faculty of Engineering, University of Lagos; Abiodun Peters, Legal Director, NBC; Shina Matti, Youth Empowered Training Facilitator, and Nwokeji Ikenna, a participant, at the Youth Empowered Campus Workshop organized by NBC at the University of Lagos recently-Brand Spur Nigeria

This UNILAG program was facilitated by the Chief Executive Officer, UnoCasa, Ekundayo Odele; Chief Operating Officer, Shallem Consultants, Sola Ayo-Soyemi; Principal Consultant, Kasher Consulting, Dayo Oluwole, and Shina Matti, UnoCasa; all expert trainers that took the participants through the rudiments of life and business skills, CV and interview leveraging, business planning, financial literacy, and networking strategies to navigate life after graduation.

In her keynote talk at the program, Legal Director, Nigerian Bottling Company (NBC), Abiodun Peters, extolled the unyielding Nigerian spirit, especially among the youths, to succeed despite the current unemployment situation and other economic challenges in the country.

She strongly advised the Nigerian youth to be very deliberate about self-development, “today, you are empowered because you have made a decision for yourself to take your future, your career into your hands, and you are empowered because you have the Nigerian spirit in you,” Peters said.

Mr. A Abolarin, a student of the Electrical Electronics Engineering department of the University of Lagos, and a participant of the program, commended the organizers saying, this was a very fantastic initiative and an opportunity to learn new things that may not have been readily available to me otherwise.

It was also a great opportunity to meet people and learn the path to get the things I really want. We need more initiatives like this to show the youth the way and how to get our act right.”

Deputy Managing Director, PS Offshore Nigeria Limited, Micheal Oyewo, commended the Nigerian Bottling Company for the initiative, saying that in running a graduate trainee scheme such as Youth Empowered, NBC is demonstrating that it is a good corporate citizen.

GDP Is No Longer An Accurate Measure Of Growth, So What Can Take Its Place?

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GDP Is No Longer An Accurate Measure Of Growth, So What Can Take Its Place?
  • GDP is no longer an accurate measure of growth.
  • The World Economic Forum has created a holistic scorecard to guide policy-makers and government through the post-pandemic recovery.
  • Prosperity, the planet, people, and the role of institutions need to be balanced.
  • And trade-offs will be necessary as these metrics are intricately linked.

Why, in the 21st century, are we still measuring our economic growth with the Gross Domestic Product (GDP) – a metric created in the early 20th century?

And how can we define a more comprehensive, multidimensional metric that adequately reflects the complexities of the world we live in and that can guide our post-pandemic recovery? A metric that looks beyond a nation’s income and considers welfare, the environment and people, too?

The World Economic Forum has attempted just that with its report, Dashboard for a New Economy Towards a New Compass for the Post-COVID Recovery, which outlines a framework for macroeconomic metrics that could fill the gaps currently left by GDP.

GDP Is No Longer An Accurate Measure Of Growth, So What Can Take Its Place?-Brand Spur Nigeria
GDP Is No Longer An Accurate Measure Of Growth, So What Can Take Its Place?-Brand Spur Nigeria

No Way To Gauge A Nation’s Welfare

The weaknesses of GDP as a metric are not just a reflection of the rapid transformation the world economy has seen in this century in the wake of the Fourth Industrial Revolution, the climate crisis and COVID-19. GDP’s blanket use for gauging a nation’s welfare has been questioned on many occasions, even by its inventor, the US economist Simon Kuznets.

In its new report, the Forum has proposed a scorecard made up of four dimensions that need to be brought into balance: prosperity, the planet, people and the role of institutions.

Prosperity Vs Economic Growth

The Forum’s ‘Prosperity’ metric includes aspects such as social mobility, income or wealth inequality and financial resilience. GDP still features within the Prosperity dimension but updated to reflect different dynamics within the world economy.

In high-income economies, it has to track the slowing economic growth, its impact on standards of living and increasingly unequal income distribution with a view to facilitating effective policy countermeasures.

In emerging markets, the metric needs to account for those countries’ more evenly spread growth, which has contributed to ending poverty for millions to date. There is still a strong case for boosting economic growth in these economies, the report states. One example of this could be stimuli to boost the growth of clean energy over fossil fuels.

Getting It Right For People And The Planet

The ‘Planet’ metric weaves together the evolving energy mix and, by association, the development of greenhouse gas emissions. It also accounts for the cost of climate change and its mitigation – for example through carbon taxes.

Human capital is the key determinator for the dashboard’s ‘People’ dimension. It incorporates metrics for tracking education and re-skilling to guide government spending toward transforming workforce skill-sets and avoiding job losses as the economy’s structural transformation continues to unfold.

The final dimension is ‘Institutions’, with the Forum pointing to a decline in institutional quality, as evidenced by negative trends around press freedom, judicial independence and budget transparency, for example.

Finding The Right Balance

While each of these four dimensions already carries inherent complexity, their interconnectedness creates further difficulties, and trade-offs will need to be made to ensure adequate balance.

While governments may introduce a carbon tax to help abate climate change, they need to consider the impact this may have on jobs, economic and social polarization, for example.

Finding a new globally acceptable tool to measure the ups and downs of our economic activity will remain a challenge – but one that must be tackled urgently to ensure the world’s economic recovery is on the right course.

 

Operator Messaging Revenue To Reach $88 Billion Globally By 2025

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Operator Messaging Revenue To Reach $88 Billion Globally By 2025

… Despite SMS Revenue Decline

A new Juniper Research study has found that global operator-led mobile messaging revenue will increase from $87 billion in 2020 to $88 billion in 2025.

However, the report found that SMS messaging, a long-established revenue source for operators, will fall from $66 billion in 2020 to $61 billion by 2025; owing to declining P2P traffic.

Operator Messaging Revenue To Reach $88 Billion Globally By 2025-Brand Spur Nigeria
Operator Messaging Revenue To Reach $88 Billion Globally By 2025-Brand Spur Nigeria

In response, the new research, Mobile Messaging: Future Outlook, Strategic Recommendations & Market Forecasts 2021-2025, predicts that operators will need to accelerate investment into rich media technologies to offset the loss of SMS revenue over the next 5 years.

It urges operators to capitalize on premium pricing and advanced anti-fraud standards over these messaging channels to accomplish this. The report assessed operator messaging services, including MMS, RCS, and SMS.

Rich Media Becomes Key for Operators’ Messaging Revenue

The report predicts that operators will take advantage of the growing interest in omnichannel strategies to foster increased investment in rich media messaging standards, including RCS and MMS.

The report urges messaging platforms to emulate the market in the US, where the country is anticipated to account for 54% of global MMS and RCS traffic globally by 2025. It highlighted the ability to message platforms in the US to offer a comprehensive portfolio of messaging products; enabling enterprises to leverage rich media messaging for high-value marketing use cases.

Conversely, low-cost services, such as SMS, can still be used for simple use cases, such as one-time passwords.

Messaging Revenue

Operators Must Authenticate Enterprises to Protect Messaging Revenue

Additionally, the ability of RCS to authenticate enterprises directly will provide more efficient anti-fraud detection and mitigation of mobile business messaging traffic over established SMS traffic analysis.

Research author Scarlett Woodford remarked: ‘Authenticating the source of messaging traffic via RCS is far more efficient at eliminating fraudulent traffic routes than traditional firewalls, however, RCS traffic must still be monitored for malicious and unwanted content. A failure to do so will diminish the value of rich media messaging services in the future.’

100 Happy New Month Messages, Wishes, Prayers For June 2021

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100 Happy New Month Messages, Wishes, Prayers For June 2021

Welcome to the month of June, the sixth month of the year 2021. A happy new month to you, your friends, and your family from Brand Spur Nigeria.

Being a new day of a new month, many expect good wishes from their friends, family members, and loved ones, hence, a need to compile one.

Below are some new month prayer points and messages you can send to friends, family members, and loved ones.

1. May God grant you the grace to overcome all reigning challenges in your life this month and beyond. Happy new month.

2. In this new month, those who present themselves as your friends but are deadly enemies shall be exposed and disgraced in Jesus name. Happy new month.

3. As long as there’s God in heaven, this month shall be to your favour. Your family shall share in same. Happy new month.

4. Your life will always be peaceful and you shall be an example of all amazing things. Happy new month.

5. The door of goodness shall be opened for you and your family, this month and forever. Happy new month to you all.

6. Every satanic power trying to reorder your life this month shall be crushed by heavenly hosts. A victorious month ahead!

7. Every spirit working to reposition your destiny for evil this month shall perish by fire. Happy new month.

8. All your pending blessings shall be delivered to you this month in Jesus name. A testimony-filled month ahead!

9. This shall be your month of surprising testimonies, in Jesus name. Happy new month to you from me.

10. Let every challenge in your life begin to receive the attention of the King of Kings for divine intervention. So shall it be for you this month? Happy new month.

11. When this month ends, everything will turn around for your good. Watch it and believe it! A happy new month to you from me.

12. This month, you shall be a point of reference, a channel of blessings, a symbol of desirable successes and a celebrated achiever. Amen. Happy new month.

13. Stay permanently blessed and have a blissful month. It’s your month of joy. Happy new month, dear.

14. This month, the voice that parted the Red Sea shall make a way for you where you think there is no way. Happy new month, dear.

15. The Lord that brought water out of rock will open the doors of unimaginable blessings for you this month and beyond. A happy new month to you and your family.

16. By the grace of God, every unpleasant event shall answer to a miracle this month. Have a blessed month.

17. Among your peers, fresh testimonies shall be your portion this month. Enjoy every moment of the new month.

18. Accelerated favour shall locate you and irreversible success shall be your daily experience this month. Best of the month to you!

19. You shall laugh over every situation this month and tears of sorrow shall never drop from your eyes. Have a blessed month.

20. May God grant you the grace to overcome all reigning challenges in your life this month and beyond. Happy new month.

21. This month, those who present themselves as your friends but are deadly enemies shall be exposed & disgraced in Jesus name. Happy newest month.

22. As long as there’s God in heaven, this month shall be to your favour. Your family shall share in same. Happy new month.

23. Your life will always be peaceful and you shall be an example of all amazing things. Happy new month.

24. The door of goodness shall be opened for you and your family, this month and forever. A happy new month to you all.

25. Every satanic power trying to reorder your life this month shall be crushed by heavenly hosts. A victorious month ahead!

26. Every spirit working to re-position your destiny for evil this month shall perish by fire. Happy new month.

27. All your pending blessings shall be delivered to you this month in Jesus name. A testimony-filled month ahead!

28. This shall be your month of surprising testimonies, in Jesus name. A happy new month to you from me.

29. Let every challenge in your life begin to receive the attention of the King of Kings for divine intervention. So shall it be for you this month! Happy new month.

30. Your moment of struggles shall give way to seasons of laughter and so shall it be for you this month. A happy new month to you.

31. In this new month be still, and know that there’s God who is your present help in times of need and you will not lack this month and beyond. Do have a happy new month, dear.

32. As from this morning, God shall order your steps to your place of Glory, in Jesus name. Amen. Have a glorious month ahead, handsome.

33. Today as you rise to a new day and month, you shall arise to greater joy and establishment, in Jesus name. So shall it be? Amen. Have a wonderful month.

34. This month and beyond dear, as long as you have God, you will know no shame! You are saved from all evils today and beyond. Happy new month dear.

35. In this month, may your days be pure and cool, like the dew of the morning on leaves? Happy new month dear.

36. My wishes for you this month is that everything that God created will work in your favour. You shall testify in the end. Happy new month to you, love.

37. I see a gleeful smile on a cute face and hope everything turns out well for you this month and beyond. Do have a wonderful month of love.

38. In this new month, God will bless your days beyond your wishes and keep you safe from every devilish plan. Have a better day ahead. Happy new month, love.

39. May God choose this month to reward you for all the good deeds of the past. You’re blessed! Happy new month.

40. When you remember this month, you’ll bless and praise God without any limit. So shall it be? Do have a blessed month dear.

41. From this month, the Almighty God will command the Heavens and the earth to act in your favour, in all you do. Happy new month.

42. For you and all yours, the glory of the latter months of this year shall be greater than the former, in the name of Jesus. Happy new month.

43. This month, God will speak for you in every way and you shall testify to His Goodness. Happy new month.

44. Like never before, Heaven will open for your sake this month and blessings from above will locate you. A happy new month to you.

45. Whatever you say or do this month shall be seasoned with favour. Have a blessed month ahead.

46. God’s presence shall be your daily abode throughout this month. I wish you all the best of the month.

47. Throughout this month and beyond, no evil shall fall upon you and your family in Jesus name. All the best!

48. very power set to crumble your way and your household’s shall be shattered.

49. Under a divine declaration, begin to advance, begin to make it, begin to proceed as you begin this month. I wish you all the best.

50. Things of joy will not cease from your home this month, and throughout this year. A happy new month to you and your family.

51. This month shall favour everyone as we raise our hands up for the blessing of the Lord. Happy new month to you all.

52. I just want to quickly say happy new month; may you find whatever your heart desires achievable gradually.

53. Wishing you the most beautiful things in this new month as you aspire for the hope of God. May you be loved by everyone!

54. May the blessing of the Lord be blended with your success in life; I just want to make sure I say happy new month.

55. Lots of success comes when we less expected them. I pray that your success will locate you this month suddenly.

56. Wishing you a fantastic new month that will come with the remedy to your past pain. I ask the Lord to honour you beyond imagination.

57. May the success that has no bound locate you this new month to fulfil your entire heart desires. Happy new month.

58. Happy new month to all my good friends, I appreciate you for the entire support that you rendered to me.

59. Wishing you all the best on this earth as we make it to this new month. Remain blessed now and for the rest of your life.

60. In this beautiful new month, I am praying for lots of success in your life; may you find peace and success.

61. Wishing all my friends a wonderful new month. I am wishing you all the best in everything you are doing in this new month.

62. No matter what happens this new month, may the Lord remember you among the most blessed people ever!

63. I am wishing you the most beautiful things ever on earth as we celebrate the hope of a new month.

64 May you rise above every problem that sticks to your destiny; I just want to say happy new month my friend.

65 You are my best friend and I love to hear that from friends. Less I forget, may this new month bring love into your home!

66 May the Lord bless you with endless joy on this special month; as you look up to your daily need, I pray that your hands should reach them.

67. I just want to wish every one of you a beautiful, cute and awesome new month. Enjoy yourselves to the end.

68 My prayer is to see every happy this new month. May your days be crowned with lots of success and prosperity!

69 Giving thanks to the Almighty God who spared our lives up till this moment as we celebrate the new month success.

70 We pray that this new month brings lots of success into your world, and make you one of the happiest people.

71 This new month, may you soar on Eagle’s wings, riding above all the challenges of life. May the world witness the rising of your glory. May your enemies never be able to stop your shinning. Happy New Month to you.

72 Where Eagles fly, where greatness abound, where boundless love exists, that will be your abode this month. You will enjoy limitless testimonies. Happy New Month.

73 This is the first of better months for you. Henceforth, may you not know a better yesterday. May your path keep shining brighter and brighter. You will live fulfilled and your soul will be thoroughly satisfied. Happy New Month.

Happy New Month Of June 2021

74. You won’t lack divine help and direction this month. When you call for one, thousands will fall at your feet. Everywhere you go, you will be celebrated. Have a beautiful month.

75. You will lend to many, you will not borrow from any. You will not know lack. The Lord will bless the works of your hand and make your way prosperous. Happy new month.

76 This new month, you will abide under the shadow of the Most High. You will be divinely protected and catered for. No harm shall come to you. No evil shall come near your dwelling. Happy New Month.

77. May each day of this month show forth the goodness of God in your life. May songs of praise flow ceaselessly from your lips. May month be your best yet. Happy New Month.

78. Every of your little efforts this month shall yield massive returns. Your massive efforts shall yield overflowing blessings. Your glory will shine for all to see. You will be celebrated in no small measure. Happy New Month.

79. In this new month, may you increase on all sides, may your heart leap like a well-fed kid in the fields. May you grow in leaps and bounds. There’s no dulling your shine, no holding you back. Have a beautiful month ahead.

80. As the month unfolds, may the Lord shine His light on every dark issue in your life. He will give you illumination and insight into every difficult situation. You will not walk in darkness. And it shall be well with you. Happy New Month.

81. This month, you shall possess the gate of your enemies. They will scramble at your feet begging for food. Your head will lifted high. Have a happy month.

82. There’s no looking back this month. It is forward ever…ahead ahead. May you attain unprecedented and unmatched heights of success. Happy New Month.

83. May each step you take this month lead you closer to achievement of your dreams. May all your aspirations and desires see the light of the day. Happy New Month.

84. May this month leave you with pleasant memories that will last a lifetime. Happy New Month to you.

85. You shall be above always and never beneath. You shall be the head and not the tail. When others say there is a casting down, your testimony shall be that of a lifting up. It shall be well with you. Happy New Month.

86. Don’t let anything stop or hold you back this month. You are stronger than you think you are. You are bigger than your fears. Happy New Month.

87. Wrestle your fears to the ground. Fear is natural, use it as a weapon. Get over disappointments and everything holding you back. Happy New Month to you.

88. I believe in you. I believe in the power that is inherent in you. I believe you can succeed despite all odds. Go ahead and make us proud. Happy New Month.

89. May this month yield for you all the special blessings you deserve. May you have a fruitful one. Happy new month.

90. In this month, I declare that nothing will hold you back. Nothing will stop you from being what and where you want to be. Nothing will bar you from achieving your dreams and aspiration. You are a winner, this month and always. Happy new month.

91. When others say there is a casting down, this month you shall enjoy the lifting and the grace of God. Miracles and testimonies galore shall be your portion. Happy new month.

92. Throughout this month, may you wax stronger and better. May you enjoy vitality in your spirit, soul and body. May unusual inspiration distinguish and set you apart for greatness. Happy new month.

93. I really do hope that this month you will find all the love and happiness you deserve. May all things work out in your favour. Do have a most pleasant month.

94. In this new month, goodness will be your companion. Success will be your umbrella. Blessings will seek you out and all round favour shall be yours. Happy New Month.

95. In place of judgment, may you find mercy. Instead of troubles, may your heart be at peace. May your life and home experience the unlimited, overwhelming love of the Lord. May this month be positively different for you. Happy New Month.

96. May you enjoy to fullness all of the blessings of this month. May you head not lack oil, may your barn not lack food. May your pockets never be empty. May you be supplied with everything you need to live a good life. Have a beautiful month.

97. Whatsoever you set your mind to achieve this month, go for it. The Lord will back you up and support you. You will succeed and never be put to shame. This month, you will celebrate and be celebrated. Happy new month to you.

98. As you travel through this month, may your journey in peace, love, joy and prosperity. May your light shine for all to see. Happy new month.

99. Here’s wishing you many beautiful more to come.
Welcome to a brand new month. I encourage you to put in your best this month. I challenge you to be resolved to excel. I believe in you and I do pray that the lines will fall in pleasant places for you.

100. Divine protection, divine direction, divine peace, mercy and guidance shall be your companion throughout this month. No weapon formed against you shall prosper. You will find reasons to smile every day of this month. Happy new month.

Please note that the messages contained in this article were not by this author but were taken from different sources and edited where necessary.

Equity Market Ends the Month on a Positive Note as Market Cap Hits N20Tn

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Equity Market Ends the Month on a Positive Note as Market Cap Hits N20Tn

The Nigerian domestic bourse closed trading activities today (Monday) on a positive note. The bullish sentiment was buoyed by investors’ renewed confidence for recently depreciated bellwether stocks like MTNN, BUACEMENT, GUARANTY, and 14 others.

Consequently, the market indicators (NGX-ASI and market capitalization) expanded by 0.47%. However, the market breadth closed negatively recording 23 losers against 17 gainers.

In summary, the All-Share Index (ASI) appreciated by 180.93 absolute points, representing a growth of 0.47% to close at 38,437.88 points. Similarly, the overall Market Capitalization value gained N94.31 billion, representing an increase of 0.47% to close at N20.03trillion.

MRS emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +9.57%, while ROYALEX emerged as the top loser (by percentage points) with a maximum price depreciation of -9.88%.

Today’s market upturn was driven by price appreciation in large and medium capitalized stocks amongst which are; VITAFOAM (+8.91%), PZ (+3.77%), AIICO (+3.45%), CUSTODIAN (+3.42%), BUACEMENT (+2.78%), JBERGER (+2.70%), UAC-PROP (+2.56%), MAYBAKER (+2.30%), GUARANTY (+1.43%), MANSARD (+1.12%), MTNN (+0.99%), ETERNA (+0.53%), and NAHCO (+0.45%).

MARKET STATISTICS

CAP N 20,034,734,733,321.85 One Day (ASI CHG) +0.47%
Index 38,437.88 One Week (ASI CHG) +0.25%
Volume 201,857,280.00 One Month (ASI CHG) -0.89%
Value N 2,119,759,747.82 Six Months (ASI CHG) +9.69%
Deals 3,827.00 52 Weeks (ASI CHG) +52.12%
Gainers 17 Losers 23
Unchanged 59 Total 99
YTD Returns -4.55%

Source: Ngxgroup.com, GTI Research 

FOREIGN EXCHANGE

The Investors and Exporters (I&E) FX window opened at N411.01 and eventually closed at N412.00,  representing a 0.24% depreciation against Friday’s closing position.

MONEY MARKET

The overnight (O/N) rate closed at 19.17%, representing a 5.67% appreciation as against Friday’s position. while Open Buy-Back (OBB) rate closed at 18.67%, representing a 5.67% appreciation as against Thursday’s position.

Sector Performance

Security Change Percent
NSE30 0.61
NSEBNK 0.32
NSECNSMRGDS -0.21
NSEINDUSTR 1.13
NSEINS -0.51
NSELOTUSISLM 0.72
NSEOILGAS 0.01

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % change
MRS 11.5 11.5 12.6 1.1           9.57
VITAFOAM 10.1 10.1 11 0.9           8.91
CHAMS 0.2 0.2 0.21 0.01           5.00
PZ 5.3 5.3 5.5 0.2           3.77
AIICO 1.16 1.16 1.2 0.04           3.45
CUSTODIAN 5.85 5.85 6.05 0.2           3.42
BUACEMENT 72 72 74 2           2.78

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % change
ROYALEX 0.81 0.81 0.73 -0.08 –        9.88
CHIPLC 0.73 0.73 0.66 -0.07 –        9.59
NEIMETH 1.88 1.88 1.72 -0.16 –        8.51
MBENEFIT 0.48 0.48 0.44 -0.04 –        8.33
REGALINS 0.49 0.49 0.45 -0.04 –        8.16
SOVRENINS 0.29 0.29 0.27 -0.02 –        6.90
NPFMCRFBK 1.79 1.79 1.67 -0.12 –        6.70

Top 7 Traders By Volume

Security Close Price  Daily Volume   Daily Value 
VERITASKAP 0.2             29,780,000                   5,956,000.00
FIDELITYBK 2.26             24,471,417                 54,169,303.76
ZENITHBANK 23             20,927,180              481,177,730.80
ACCESS 8.2             15,400,935              126,369,247.00
FBNH 7.15             10,131,990                 72,341,775.25
SOVRENINS 0.27               9,849,034                   2,662,953.12
MBENEFIT 0.44               7,281,769                   3,275,011.76

Top 7 Traders By Value

Security Close Price  Daily Volume   Daily Value 
ZENITHBANK 23             20,927,180              481,177,730.80
SEPLAT 688                   436,771              298,524,717.60
NESTLE 1400                   143,445              200,773,041.60
DANGCEM 212.5                   678,746              144,654,240.90
FLOURMILL 28               4,627,795              128,156,442.30
ACCESS 8.2             15,400,935              126,369,247.00
GUARANTY 28.4               3,825,432              108,317,558.90

Eat‘N’Go Opens New Outlet in Ibadan (Photos)

Esan Bolaji
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Eat‘N’Go Opens New Outlet in Ibadan (Photos)

As part of the continued efforts to offer utmost satisfaction to customers, Eat‘N’Go limited, the leading QSR operator in Nigeria and Master Franchisee of #1 pizza Brand Domino’s Pizza and Cold Stone Creamery, has launched a new outlet in the ancient city of Ibadan, the Oyo State capital. The outlet is located at Orita Challenge, Ibadan.

Eat‘N’Go

“We are excited to announce our NEWEST STORE OPENING located By First bank, Orita Challenge, Ibadan.“

“We are looking forward to serving and satisfy our new customers with rich creamy ice cream and delicious tasty pizza today!!”, the management stated.
Eat‘N’Go

Since its entrant into Nigeria in 2012, the leading Quick Service Restaurant company has grown exponentially and continuously nurtured the drive to extend its footprint across the African market.

Eat‘N’Go

Currently home to over 3000 staff members across Africa, the company is committed to continuously provide job and business opportunities across the continent.

Eat’N’Go has over the years maintained its position as the leading food franchisee in Nigeria. As it expands its presence to other parts of Africa, the organization also places a strong focus on the quality of its products and services of all its three brands. The expansion to this new region is in line with the company’s plan to reach 180 stores across Africa by the end of 2021.

#IPOBSitAtHome: Petrol Sells At N300 Per Liter

Brand Spur
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#IPOBSitAtHome: Petrol Sells At N300 Per Liter

Black marketers on major streets of Abakaliki cashed in on the sit-at-home order by the Proscribed Indigenous People of Biafra (IPOB) on Monday to make brisk business.

They sold the premium motor spirit, otherwise called petrol, for between N200 and N350 per litre, following the closure of fuel outlets in the city due to the IPOB order.

In separate interviews with the News Agency of Nigeria (NAN), a cross-section of the hawkers expressed happiness over the development.

Mr Chidi Onu, who said he “made good business”, frowned at the restriction on business activities by IPOB.

“Well, it is not my fault that these things are happening. It is high time we sat on a roundtable as citizens to discuss many issues affecting us as a nation.

“Yes, the IPOB order has favoured me. I only came out to sell and have something for my family,” Onu, who said he sold a liter for between N250 and N300, said.

Another hawker at Mile 50 Layout, Abakiliki, Mr Sunday Enyinna, said he sold a litre for between N200 a d N350, depending on the bargaining power of the buyer.

However, a tricycle operator, Mr Clement Chikaodiri, decried the development, describing it as wicked and sheer exploitation of the masses.

“It is worrisome. Look at me buying a litre of fuel for N300. That is too much. I have driven around the town and no filling station is open,” Chikaodiri said.

According to NAN reports that the high cost of petrol by the roadside hawkers resulted in sharp increase in transport fares by more than 100 per cent.

Brand Spur Nigeria recalls that the outlawed group, IPOB last Tuesday announced that the Biafra Day Sit-At-Home will hold on Monday, 31, 2021.

IPOB – founded in 2012 by diaspora-based pro-Biafra activist, Nnamdi Kanu – is canvassing for the sovereignty of the South and South-East regions of Nigeria.

Read IPOB Sit-At-Home Full Release Below:

“We, the Indigenous People of Biafra (IPOB) ably led by our great and indomitable leader, Mazi Nnamdi Kanu, wish to announce that this year’s Biafra Remembrance Day sit-at-home will now hold on Monday, May 31, and not Sunday, May 30 as earlier directed. The modification is following genuine observations about our earlier directive as many of our people observe Sundays as a day of worship.

“There will be partial observation of the Biafra Day on May 30th. But there will be a total lockdown and sit-at-home on Monday 31st of May.

“We, therefore, expect Biafrans all over the world to stay indoors on May 31 for the respect and honor of our fallen heroes and heroines who paid the supreme price for us to live. It is our right to remember them for defending the genocidal attacks given to our people between 1967 and 1970 by Fulani Jihadists supported by the British government.

“Consequently, all commercial activities must be shut down on 31st of May throughout the land of Biafra. There should be no vehicular movement on that day on Biafra roads. Transport companies must withdraw from the road on that day. National Union of Road Transport Workers (NURTW); National Associations of Road Transport Owners (NURTO); and others are expected to fully comply with this directive.

“In the same vein, artisans and traders must close shop on that day. Airports, Seaports, Banks and financial institutions should all shut down in honour of our fallen heroes and heroines.

“Okada and Tricycles organizations are also advised to withdraw from roads on that day. There shall be no social gatherings or events including burials, weddings on that day from 6 am to 6 pm.

“Parents are advised not to send their children to school on that day as no one is expected to be seen outside. Full compliance is expected from all.

“Biafrans in Diaspora are to hold peaceful rallies in their countries of abode”.

GE Healthcare Announces Leadership Appointment In West Africa

Brand Spur
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GE Healthcare Announces Leadership Appointment In West Africa

General Electric (GE Healthcare) today announced the appointment of Dr. George Uduku, a Nigerian national, as the General Manager for West Africa covering Nigeria, Ghana Sierra Leone, and Liberia.

George will lead the geographic teams and help enable rigorous growth through a focus on execution, team culture, and customer experience as a key differentiator.

George is a highly regarded leader and expert with more than 10 years of executive healthcare experience in the United States and Africa. In addition to working with multinationals in the healthcare technology space, he worked in venture capital where he conducted specific disease state market analysis, competitive landscape evaluations and investment opportunity screening.

George received his medical degree from the University of Calabar College of Medical Sciences Nigeria and completed his Master of Business Administration with distinction at Hult International Business School Boston, with concentrations in Strategy and Entrepreneurship.

Commenting on George Uduku’s appointment, Eyong Ebai, General Manager, GE Healthcare, Sub-Saharan Africa, said: “George’s appointment is testament to our localization efforts and our ongoing commitment to West Africa. I am confident that with his leadership, we are even more strongly positioned to deliver the highest quality solutions and services that support our customers growth and profitability as well as enable universal healthcare across the continent.”

Dr. Uduku, added: “Improving access to quality healthcare is a key priority for the governments of West Africa, and GE Healthcare has a proud history of providing transformational medical technologies and services that have shaped a new age in patient care. I am honored to join GE Healthcare at such a pivotal time for the healthcare industry and thrilled to be leading the very talented team in West Africa.”

GE Healthcare has been a committed partner to the healthcare sector in Africa for more than 100 years. Today in West Africa, nearly 6000 GE Healthcare technologies are deployed in hospitals and clinics across the markets.

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