The local equities market started the year in green as its ASI advanced by 2.18% to close at 41,147.39 points amid sustained positive investor’s sentiment. Also, the Exchange recorded more gainers (32) than losers (2) even as the year-to-date gain of the NSE ASI rose to 2.18%.
Specifically, blue-chip stocks were the toast of investors today as tickers such as WAPCO, BUACEMENT, GUARANTY and ZENITH BANK advanced by 9.89%, 9.03%, 3.55% and 3.63% respectively.
Source: NSE, Cowry Research
Similarly, gains were broad-based as all the sub-sector indices tracked closed in green; the NSE Banking, NSE Insurance, NSE Consumer Goods, NSE Oil/Gas and NSE Industrial indices rose by 3.68%, 4.39%, 1.41%, 0.09% and 4.66% respectively.
Meanwhile, activity in the market was weak as total deals, volume and value of stocks traded fell by 21.79%, 70.18% and 86.04% to 3,438 deals, 0.21 billion units and N1.40 billion respectively. Elsewhere, NIBOR rose for most tenor bucket amid renewed liquidity strain; albeit, NITTY fell for all maturities tracked amid demand pressure.
In the OTC bonds market, the values of FGN bonds rose for most maturities tracked; also, the value of FGN Eurobond rose advanced for most maturities tracked.
December 31, 2020, Lagos, Nigeria – United Capital Plc is pleased to announce the appointments of Mr. Dipo Fatokun and Ms. Sutura Aisha Bello as Independent Non-Executive Directors, effective immediately, subject to obtaining requisite regulatory approvals.
DipoFatokun
Dipo Fatokun has about 30 years’ experience in the financial services industry, having worked in different capacities at the Central Bank of Nigeria. Prior to his appointment as an Independent Non-Executive Director, he was the Director, Banking Services Department at the Central Bank of Nigeria.
He is an alumnus of the University of Lagos, where he obtained a Master’s degree in Business Administration and the University of Ilorin where he obtained a B.Sc. in Accounting. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and the Chartered Institute of Bankers of Nigeria (CIBN).
Sutura Aisha Bello
Sutura Aisha Bello is a seasoned PPP/Project Finance professional with over 30 years’ experience in commercial, financial and project management. She has
led multiple projects for the World Bank, DFID and OPEC Fund for International Development across a wide range of sectors.
Sutura is an alumna of the Southern New Hampshire University, the USA where she obtained Masters degrees in Business Administration and Computer Information Systems. She is also an alumna of the University of Maiduguri, Nigeria where she obtained a B.Sc. in Economics.
United Capital Plc is a leading financial services group in Africa focused on leveraging technology to empower businesses, individuals, and governments with excellent financial services in Investment Banking, Asset Management, Trusteeship, Securities Trading, Wealth Management, and Consumer Finance while contributing to economic growth and prosperity across Africa by supporting financial inclusion.
Otunba Michael Olasubomi Balogun purchased the shares at N3.03 per share on 30th December 2020, at the Nigerian Stock Exchange in Lagos, Nigeria. The FCMB founder paid a cumulative sum of N13,525,044.33 for a total of 4,463,711 additional stocks.
Otunba Balogun Michael Olasubomi | www.brandspurng.com
Transaction details:
SOURCE: NSE
Previously…
Balogun Michael Olasubomi had purchased 5,123,275 shares of the group at the Nigerian Stock Exchange (NSE) at N2.9925 per unit. The FCMB founder paid a cumulative sum of N15.35 million for a total of 5.1 million additional stocks.
The transaction on 18th, 21st, 22nd, 23rd and 24th December 2020 cost N15,331,400.4375, according to an insider dealing disclosure at the NSE.
The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria (FGN), has introduced a retail savings product that will be accessible to all income groups – the FGN Savings Bonds.
Kindly note that the FGN Savings Bonds for September opened on Monday, 7th September 2019.
For a clear understanding of what FGN savings Bonds is all about, please check here…
Details are as highlighted below for the FGN Savings Bonds:
2-Year FGN Savings Bond due January 13, 2023: 2.197% per annum
3-Year FGN Savings Bond due January 13, 2024: 3.197% per annum
Opening Date: January 4, 2021
Closing Date: January 8, 2021
Settlement Date: January 13, 2021
Coupon Payment Dates: April 13, July 13, October 13, January 13
Summary of the Offer
Issuer
Federal Government of Nigeria (“FGN”)
Units of Sale
N1,000 per unit subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50,000,000.
Interest Payment
Payable Quarterly
Redemption
Bullet repayment on the maturity date
Status
Qualifies as securities in which trustees can invest under the Trustee Investment Act.
Qualifies as Government securities within the meaning of Company Income Tax Act (“CITA”) and Personal Income Tax Act (“PITA”) for Tax Exemption for Pension Funds, amongst other investors.
Listed on The Nigerian Stock Exchange.
Qualifies as a liquid asset for liquidity ratio calculation for banks.
Security
Backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of Nigeria.
Interested investors should contact the stockbroking firms appointed as distribution agents by the debt management office.
Caverton Helicopters Nigeria Limited on Thursday received helicopter, a Sikosky S-92 and coupled inside the PTML Terminal at the Tin Can Island Port of Lagos.
The said helicopter, a Sikosky S-92 was shipped from the United States of America to Apapa, Lagos. The cargo arrived onboard a vessel; Grande Morocco on 19th of December into PTML Terminals Lagos.
Sikosky S-92 Helicopter | www.brandspurng.com
Speaking to journalists shortly before the take off of the helicopter to Ikeja airport, Chief Engineer for Caverton Helicopters Nigeria Limited, Mr Sani Muhammed Amodu, said the helicopter was the biggest in the country, and because of the size, the company decided not to risk the logistics of transporting it by road.
According to him, after getting the necessary approvals, all the imported components were brought together and assembled right within the port.
Sikosky S-92 Helicopter | www.brandspurng.com
“The helicopter was shipped from the United States to Lagos, but unfortunately because of the size, we could not take it out of the port to our facility because of the safety aspect of it, so what we did was that, instead of taking it out and going through the risk of the road, we decided to couple it here, following all the safety precautions as recommended by both the Nigerian Civil Aviation Authority (NCAA) as well as the Nigerian Ports Authority (NPA).
Sikosky S-92 Helicopter | www.brandspurng.com
“We are very pleased and happy with the support given to us by the terminal operator and the NPA on this feat”
“This is the first time we are doing this through the port, we could have air-freighted it, but because of the size, we decided to bring it in through the port so that we can get the very best of service, of which we have gotten from NPA”
Whie describing features of the aircraft, Engr. Amodu said the Sikosky S-92, has 19 seats, 2 crew seats as well as an observer seat. He said the aircraft is one of the very best in the category of aircrafts for oil and gas businesses.
“The Sikosky S-92 was acquired by Caverton Helicopters being the first indigenous company in Africa to get it. Normally, all the multinational companies that have operated the machine in Africa were brought in for the sole business of making it work and taking it back, but Caverton has bought it and is going to keep it on and on to increase capability and support for oil and gas” he said.
Also speaking, the NPA Port Manager, Tin Can Island Port Complex, Engr. Yunusa Ibrahim, described this as a great feat for the NPA.
Engr. Yunusa stated that this was the first time this would be taking place within the terminal.
He said “Never before was an helicopter component brought to the port, assembled within the port and take off from the port, it is a very big significance for the NPA”
“It shows that our aim of Ease of Doing Business is being achieved in line with focus of the management”
The NPA Port Manager noted that it would have cost Caverton Helicopters Nigeria Limited more money to move the helicopter by road, but that the port has provided enabling environment for them to assemble it.
In terms of safety, he said the NPA also monitored the assembly process which lasted four days.
On his part, General Manager PTML Terminal, Mr. Babatunde Keshinro described this as a major achievement for Nigerian ports system.
He said the fact that the terminal provided a safe and secured environment for the operation to be done is a major achievement for PTML terminal, for NPA and for Nigeria as a country where there are opportunities to bring trade for immediate value.
Keshinro noted that in line with the ease of doing business goal of the federal government, the terminal has bridged the investment gap for Caverton Helicopters, from the point of investment to when the cargo becomes available for them to convert into commercial use.
“PTML Terminal is a Multipurpose facility, and one of our major contribution to Nigerian trade is the opportunity to be handling project cargoes, this is not the first time we are receiving helicopters at this terminal, but it is the first time that a cargo of this size is being coupled in the terminal”
“As a Build, Operate and Transfer (BOT) platform, we are operating based on the support NPA has given to us, without their support, we wouldn’t have been able to offer this national brand, this is a brand of NPA, we are just an executor of the project” he said
Mr Keshinro said the the cargo arrived onboard Grande Morocco on 19th of December to PTML terminal and became available for coupling on 28th of December.
“The helicopter arrived in one part and the other coupling parts arrived differently.
It was necessary for the cargo to go through the mandatory customs clearance, after getting the necessary approvals from NPA and Customs, we decided to collaborate with them to provide the terminal facilities for them to couple it as it is”
Coca Cola has emerged as the beverage of the year in the maiden edition of the Nigeria Beverage Awards. There were also 14 other winners in several categories of the award organised to celebrate the growth of the beverage industry.
The historic award night was earlier scheduled to hold on the 28th of March, 2020 at the Freedom Park, Broad Street, Lagos island but was called off indefinitely due to lockdown measures occasioned by the covid-19 pandemic.
The winners were decided by a transparent public voting process while the polls closed on the 20th of March, 2020, producing winners for the various categories of the scheduled award night.
In a bid to end the year on a high considering the challenges of 2020, the organizers of the event, Undatree Entertainment have decided to give out the awards to the recipients.
Spokesperson for Undatree Entertainment, Yomi Soniyi in a statement thanked the public for taking out time to vote on the voting site. He also congratulated the winners.
The roll-call of winners (in their categories) include:
Beverage of the year – Coca-cola
Alcoholic beverage of the year – Hennessey
Non-alcoholic beverage of the year – Pepsi
Breakthrough beverage of the year – Trophy
Fruit beverage of the year – Chivita Active
Malt beverage of the year – Amstel Malta
Spirit of the year- Hennessey
Bitters of the year – Orijin Bitters
Energy drink of the year – Red Bull
Carbonated soft drink of the year – Pepsi
Lager beer of the year – Trophy
Stout of the year – Guinness Foreign Extra Stout
Ready to drink beverage of the year – Smirnoff Ice
Beverage Company of the year – Nigerian Breweries
Most promising beverage of the year – Smoov Chapman
The Nigeria Beverage Awards was conceived to acknowledge and celebrate the growth of the beverage industry in Nigeria.
The theme of this year’s award was ‘savour and celebrate’.
The Chief Executive Officer of TEF, Mrs Ifeyinwa Ugochukwu, disclosed this during an Online news briefing with Journalists across Africa.
She said: ” I want to welcome all of you as we unveiled the TEF Entrepreneurship Programme for 2021, the opening of the application portal which happened 12 midnight, Jan.1.
“As you all know, the TEF was founded in 2010, and in 2015, our founder, Mr Tony Elumelu, launched a 100 million dollars commitment to identify, train, mentor and fund 10,000 African entrepreneurs across all 54 African countries, over 10 years.
“So, 2021 marks the seventh edition of the TEF entrepreneurship programme,” she said.
She added that opening the portal on Jan. 1, marked a new beginning, a renaissance, a beginning of recovery and a beginning of Africa taking its space in the global space as a strong thriving economy, led by SMEs who are the largest generators of job creators on the African continent.
She said that the 2021 application would be different from what was done in the previous years.
“Previously when you apply for the TEF entrepreneurship programme, once you apply, you put in your business plan within the application and those selected will be trained and funded.
“But, this year, just as we did last year, we want to train a lot more than we would fund, primarily because the feedback we have got from our entrepreneurs is that training been critical to the success of their businesses,” she added.
Ugochukwu disclosed that the foundation had trained, mentored and funded over 9,000 African entrepreneurs till date.
She expressed excitement that the Price Waterhouse and Coopers, in conjunction with TEF had completed an impact assessment report which according to her, would be released in the Q1, to mark its 10th year anniversary.
She also disclosed that the foundation had partnered with the European Union to fund and train additional 2,400 women on a TEF Entrepreneurship program for 2021.
According to her, this is in addition to many other partnerships that the foundation have been running through the years.
Various entrepreneurs and business professionals are wondering what Lisnic is, especially if they’re looking to network with like-minded people. This includes traditional entrepreneurial leadership as well as mental health coaching.
Scrolling through endless lists on various platforms takes too much time. Sometimes, it doesn’t seem to get anywhere. That’s where an online servicing platform comes in.
The Importance of Mentorship
Having a community in a field where knowledge is shared and transferred to younger generations is crucial for fostering the development of that community. This can be difficult in the business world where so many people are competing with each other. If no one works together through collaboration, communities eventually disappear from various destructive forces.
Also, the role of a mentor brings new life into someone’s purpose and career. If one has accomplished what he or she has already set out to do, there isn’t much left else to do except to teach future generations. This in itself can give a sense of a fulfilling life’s purpose throughout the later years.
Mentorship Networking Connections
These days, it seems like everyone is calling themselves a coach, guru, or mentor in different fields, particularly with entrepreneurship. Some of them are even young teenagers posting advice videos online through various social media channels. While some of it can be helpful, it’s important to get someone experienced who knows what they’re doing in a particular field. Otherwise, you might as well be going in blind.
Business experience in leadership roles includes being considered a leader in their field, building different companies, scaling companies to multi-million dollar levels, managing large teams, successfully raising money, investing in profitable businesses, acquiring or selling companies, and getting promoted in a Fortune 500 organisation. Even a few of these are enough to have good mentorship abilities.
Also, having the necessary skills to succeed in the market isn’t enough for having success in the highest levels. You also need to consider your mental health. With so much information available, today’s world can be incredibly stressful. How you deal with that stress can make or break your success in business and even in life. That’s why it’s so important to have a mental health coach, or what’s called a mind coach.
Understanding the knowledge of two different fields will exponentially grow your success and help you achieve your goals. In some ways, it’s actually necessary, especially when it comes to competitive marketplaces. It’s not enough to know how to deal with other people; you need to know how to deal with yourself. Your own psychology and behaviour can make or break your success, no matter what you’re trying to accomplish.
In Conclusion
The question of what is Lisnic is simple enough to answer in that it’s meant to connect mentors and mentees. This includes corporate leadership and dealing with your mental health. Both of these are incredibly important because having a positive and stable mindset will let you adapt to changes in everyday life. Find out what this networking service can do for your future success.
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