FMDQ Exchange Admits The NOVA Merchant Bank Commercial Paper Programme On Its Platform

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Coming shortly on the heels of the recent registration of the Providus Bank Limited ₦10.00 billion Commercial Paper (CP) Programme on its platform, FMDQ Securities Exchange Limited (“FMDQ Exchange” or “the Exchange”), following the due diligence of its Board Listings and Markets Committee, has approved the registration of the NOVA Merchant Bank Limited (“Nova Merchant Bank”) ₦50.00 billion CP Programme on its platform. 

 

NOVA Merchant Bank will greatly benefit by gaining access to a wide range of knowledgeable and capitalised investors with the registration of its CP programme and subsequent quotation of CP notes on FMDQ Exchange.

 

NOVA Merchant Bank is a merchant bank in Nigeria that provides end-to-end financial services solutions covering corporate banking, investment banking, advisory, capital markets, and wealth & asset management.

 

The registration of this CP Programme, which is co-sponsored by EAC Advisory Limited, FSDH Capital Limited, United Capital PLC and Renaissance Securities (Nigeria) Limited – Registration Members (Quotations) of the Exchange, strategically positions Nova Merchant Bank to raise short-term finance from the Nigerian debt capital markets (DCM) easily, through CP issues within its CP Programme and quote same on FMDQ Exchange for visibility of the issue and desired transparency for the investors.

 

 

According to the Managing Director/Chief Executive Officer, NOVA Merchant Bank Limited, Mr. Nath Ude, “the successful listing of our ₦50.00 billion CP Programme on the FMDQ platform further gives credence to NOVA Merchant Bank’s beliefs in the Nigerian debt capital market and puts the Bank in a position to broaden its potential funding sources and create superior value in the financial market which it serves. This comes after the successful listing of our ₦10.00 billion bonds on FMDQ Exchange which was oversubscribed by 300% last year.

 

We remain driven by our aspiration to transform the African financial services landscape with fresh thinking and innovative solutions”.

 

 

As NOVA Merchant Bank and a host of other corporates continue to meet their funding needs effectively and sustainably, as well as contribute to the development of the nation through their activity in the DCM, FMDQ Group PLC (“FMDQ Group” or “FMDQ”) and its entities will continue to take crucial steps towards upgrading and aligning the Nigerian financial market in line with its mandate to deepen the sophistication of the markets.

 

 

FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, and risk management for financial market transactions; depository of securities, as well as data and information services, across the debt capital, foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.

Visa Everywhere Initiative 2022 Invites Fintech And Payment Startups

 The Visa Everywhere Initiative (VEI), a global open innovation program is inviting fintech and payment startups to showcase their innovative products and solutions, with finalists gaining firsthand exposure to key fintech stakeholders across banking, merchant, VC and government sectors. Winners of the competition will be awarded monetary prizes and the opportunity to partner with a global, trusted brand like Visa.

This year’s program has expanded to include startups that are using cryptocurrency and Visa Direct, a payment solution that can help businesses move money to billions of endpoints worldwide via card and account rails, in innovative ways. Finalists from across the world that are driving economic growth will converge in Qatar this November for the VEI finals.

“Fintechs and other payments innovators are transforming the way consumers and businesses make payments, making it easier for more people to access the money they need when they need it – and the pandemic has seen this become more critical than ever,” said Kemi Okusanya, Vice President, Visa West Africa.

“Competing on a global stage alongside some of the most prestigious startups in the world and, more importantly, being able to receive that global exposure and support from a trusted brand like Visa was an exceptional achievement for PAYZE,” said Giorgi Tsurtsumia, Co-Founder and Co-CEO of PAYZE as well as 2021 VEI CEMEA Winner. PAYZE is an e-commerce-oriented fintech that enables businesses across CIS countries to accept payments from around the world through a single integration. With the support of Visa’s network and a cash prize of $25,000, the PAYZE team is busy fulfilling their vision, having processed more than 250,000 transactions across 2021.

The competition also saw Karachi-based fintech, Safepay, win the CEMEA Audience Favorite award and $10,000 in prize money. Safepay specializes in secure payment processing for e-commerce stores and helps merchants increase checkout conversions, expedite receivables, and streamline sales by allowing their customers to pay online.

The VEI network includes 8,500 startups from around the world, which continues to grow every year. Since its launch in 2015, the program has helped startups from over 100 countries collectively raise more than $2.5 billion in funding, addressing one of the biggest challenges faced by early-stage entrepreneurs. Every year, the scope of VEI is expanded to engage with unique startups and solve unique problems in the world of payments.

This year, the program will have a clear focus on Central and Eastern Europe, the Middle East and Africa (CEMEA), a region with tremendous opportunity for fintechs that are developing innovative products and solutions aimed at supporting the community. The latest edition of VEI sees two new editions in Egypt and Saudi Arabia, as well as the global finale in Qatar in November 2022.

VEI is seeking innovative and ambitious entrepreneurs who are uplifting communities by solving payment and commerce challenges faced by businesses of all sizes and sectors, including:

Enablers of digital services and digital issuers

  • Blockchain and cryptocurrency
  • Crowdfunding
  • Banking-as-a-Service
  • BIN sponsors
  • Issuer/processors
  • Program managers

Digital issuance

  • Blockchain and cryptocurrency
  • Alternative lending
  • Personal financial management
  • Money transfer and remittance
  • Digital banking (aka neo banks)
  • Digital wallets, peer-to-peer (P2P) and transfers
  • Employee benefits
  • Payables
  • Corporate cards (aka expense management)

Value-add for merchants and/or consumers in the finance space

  • Data and analytics
  • ID, authentication and security
  • InsurTech
  • Loyalty
  • Merchant services and tools
  • Process and payment infrastructure
  • Retail technology
  • Other

Small- and medium-sized businesses

  • Money movement (disbursements, Intra-account, P2P vendor and payments)
  • Acceptance (e-commerce and mobile acceptance)
  • Risk management (chargebacks, etc.)
  • Brand management (Community building, etc.)
  • Other

New Nigerian Online Appliance Store Relies On Honesty And Customer Communication

Numerous online retail stores have emerged in Nigeria over the last few decades. Consumer reports show that customers prefer online stores which provide fast and efficient customer support on the telephone.

“I want to be able to call a customer support person if I end up with a broken product or have questions about the company’s products,” a Nigerian consumer reportedly said. “If I can find an online store that is easy to navigate, provides high-quality products, and exemplary customer service, then I will be very happy.”

The latest Nigerian online retail store to emerge which fits this description is Jamara Home . It specializes in selling home appliances and electronics, such as smart televisions, freezers, refrigerators, air conditioning units, washing machines, gas cookers, fans, kettles, and microwaves.

In May 2020, Jamara Home  launched with a mission to offer Nigerians the best customer service possible. Since then, customers have been praising the store for its dedication to resolving customer issues and upholding the highest level of integrity in its business practices.

Jamara Home  is one of the most trustworthy online stores I’ve ever come across,” one customer reportedly said. “They offer high-quality products from reputable brands at affordable prices. You cannot ask for anything better than that.”

All the products featured on the Jamara Home  online store are sourced from authorized brands. It is not an online marketplace where anyone can sell their products. Instead, it is an online shop where customers can purchase original products directly from major distributors, such as TCL, AEON, TOSHIBA, and many others.

Jamara Home  gives our customers a guarantee that they will receive an original and new product with a full warranty from its brand,” said a representative of Jamara Home. “We offer a human touch to our services by maintaining a line of communication between our staff and our customers throughout the transaction process. We even have service centers to help customers with their products after they’ve purchased them from us. Our company motto is, ‘From our home to your home with no stories, no excuses, no waste of time!’”

Jamara Home  has established a 100% customer response rate. This is because their customer service team has been instructed to answer every customer’s question without leaving anyone waiting long for answers. But since the company has simplified the navigation system of their online e-commerce store, most of its customers have not reported any problems with the website.

Jamara Home  and partners have currently more than 5 service centers across Nigeria. Their customers can either pay on delivery or pay on pick-up from the company’s storage facility. These give customers more trust in the company because they get to see the products before they pay.

“Our delivery service is free within Abuja, Lagos, Port-Harcourt, Ibadan, and Kano City,” said the representative of Jamara Home. “All our products are new and come with a 12-to-25-month warranty. Our customers have nothing to worry about when they purchase our products. We’ve got them covered.”

Due to the company’s success in those regions, Jamara Home  now offers nationwide delivery to all customers in Nigeria. In addition, Jamara Home  has also started accepting installment payments and several other payment options from customers who wishes for installments payment.

Nissan Will Begin Producing The New Navara Pickup In Nigeria

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Stallion NMN Limited has introduced the made in Africa Nissan Navara brand to Nigerian showrooms, with the company planning to begin local assembly of the new pickup in June 2022.

 

 

The new Navara pickup truck, which was unveiled in Lagos on Saturday, was made available for a test drive to a few journalists.

 

 

Amit Sharma, general manager of Stallion NMN Limited, revealed at the unveiling that his company would begin assembling the new Navara pickup in Nigeria in June 2022.

 

 

Sharma described the new Navara as a dependable workhorse equipped with many best-in-class technologies, including an array of Nissan intelligent mobility features and safety systems, making it the most advanced brand yet.

 

 

“The new Nissan Navara combines the best of what Nissan has to offer in a single package.” “The pickup is rugged, tough, and smart, and it offers premium comfort at a price that gives customers great value for money,” he said.

 

 

“This NAVARA is made in Africa for Africa.” As a result, it is capable of withstanding even the most difficult tropical terrains on the continent, particularly in Nigeria.

 

 

“The new Nissan Navara represents the pinnacle of the company’s experience in building tough and reliable pickups, drawing on more than 85 years of Nissan pickup heritage.”

 

 

According to Sharma, Nissan offers a comprehensive range to the Nigerian market, beginning with a double cabin 42. The introduction of the range-topping PRO-4X grade — a first for the Navara nameplate — enhances the pickup’s rugged character even further.

 

 

“PRO-4X offers an even more impressive, eye-catching style to appeal to extreme adventure lovers looking for a break from the daily grind,” he added.

 

 

“The all-new, all-tough NAVARA PRO-4X is loaded with technology and safety features to keep you and your loved ones connected, safe, and comfortable. It is purpose-built for Africa, boldly styled, and technologically advanced.”

 

The new Navara, according to the general manager, is powered by a 2.5L petrol engine that has proven reliable in Sub-Saharan Africa driving conditions.

 

“The powertrain was chosen, as it meets the performance, economy and durability requirements for customers in this demanding segment. The engine is available with an impressive power output of 125KW, 244 Nm torque”, he added.

 

“A strengthened rear axle and improved truck bed volume make the vehicle the ultimate worksite partner, ready to take on any challenges whilst still offering optimal room and comfort.

 

“For pickup customers, one of the most essential qualities is the payload. And, from all indications, Nissan’s engineers worked hard to increase it, delivering segment-leading capacity.

 

“When in four-wheel-drive mode, the Navara activates its Active Brake Limited Slip Differential system (ABLS), which manages power delivery and wheel braking between the front and rear axles and between the left and right of the vehicle, depending on traction and speed.

 

“Navara also has a Vehicle Dynamic Control system (VDC) and ABS brakes, which allow drivers to feel more confident and secure when towing large payloads and driving through muddy terrain with less acceleration and braking.”

 

“Another feature is the Hill Start-Assist and Hill Descent-Assist, which allow drivers to easily switch from brake to accelerator for safer driving on hills.”

 

He claimed that the Intelligent Around View Monitor (around view monitor with moving object detection) feature improved the pickup’s safety by allowing for easier maneuvering when performing tasks like parallel parking and vehicle positioning during trailer hitching.

 

“For the first time, the system includes an off-road monitor designed to confirm surrounding obstacles at low speeds when driving.”

 

“Moreover, the new Navara, like all Nissan vehicles, comes with extended peace of mind warranties and guaranteed after-sales support from our dealerships across the country.”

Jaiz Bank Earns N4.21 Billion In Profit In 2021

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Jaiz Bank Plc, Nigeria’s Premier Non-Interest Bank, has released its unaudited financial results for the fiscal year ended 31 December 2021.

 

 

According to the results released to the Nigerian Exchange Group, Profit Before Tax (PBT) increased by 37.17 percent from N3.07 billion in December 2020 to N4.21 billion in December 2021.

 

The bank also announced a 31.76 percent increase in Gross Income from N19.61 billion in December 2020 to N25.84 billion at the end of December 2021.

 

During the review period, the bank’s total assets increased by 19.62 percent, rising from N233.58 billion at the end of December 2020 to N279.42 billion at the end of December 2021.

 

For the period under review, the bank’s Shareholders’ Funds increased by 14.84 percent, from N17.85 billion at the end of December 2020 to N20.50 billion at the end of December 2021.

 

Earnings per share increased by 21.62 percent during the period, rising from 9.85 kobo in 2020 to 11.98 kobo in 2021.

 

In the last four years, the bank has consistently delivered remarkable results, clearly reaffirming its continuous growth trajectory as the leader in Nigeria’s Non-Interest Banking space.

 

Hassan Usman, Managing Director/CEO, attributed the achievements to the Bank’s footprints across the country, as well as the strong ambition to provide customers with par excellence service while meeting their financial needs.

NCC: MTN Pays For 5G Licenses Ahead February 24 Deadline

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MTN Nigeria has paid the 5G license fee ahead of the Federal Government of Nigeria’s February 24 deadline.

 

This was announced on the Nigerian Communications Commission’s website on February 4. According to the website, MTN and Mafab Communications were among those who had paid their licence fees in full and collected licence documents for their respective telecommunications undertakings prior to the era of Licence reclassification into Class and Individual licences.

 

MTN and Mafab Communications were awarded slots for the 3.5 gigahertz (Ghz) Fifth Generation (5G) technology spectrum after winning the NCC auction.

 

According to Isa Pantami, Nigeria’s Minister of Communication and Digital Economy, the 5G network will help promote economic development in Nigeria because digital technology will benefit the country’s finance and other sectors.

 

At the assignment stage, two 100MHzTDD slots were made available in the 3.5GHz band for bidding in order to support the delivery of broadband services for the deployment of 5G in Nigeria.

 

The bidders, Mobile Telephone Network (MTN), Airtel Nigeria, and Mafab Communications, were eliminated at the Main stage, leaving only two bidders, Mafab and MTN.

Nigerians And Other Nationals To Have Their Employment Quotas Reduced In South Africa

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Due to the country’s high unemployment, South Africa will now limit employment quotas for other nationals, including Nigerians.

According to Bloomberg, South African Home Affairs Minister Aaron Motsoaledi is finalizing legislation that will limit the number of foreigners that businesses owned by South Africans can hire.

Three other pieces of legislation dealing with immigration and refugees are also being reviewed, according to the Minister.

Previously, there was no law dictating to South Africans the nationality of persons to hire, according to the minister.

“If you are a South African businessperson opening a restaurant or a factory, there is no law that tells you what to do; you can bring 100% foreign nationals or 100% South Africans,” Mr Motsoaledi explained.

“We’re saying there’s a problem with unemployment and the lack of quotas,” he added.

The Minister, who stated that the new quota laws had been in the works for several years, stated that it was due to an increase in the number of employed people.

“These are issues that have been raised and have been raised sharply now, obviously because unemployment is getting worse and worse, and also because Covid has exacerbated these challenges,” he explained.

Herman Mashaba, a former Mayor of Johannesburg, has always demanded that undocumented migrants be deported.

Last month, Julius Malema, the leader of the populist Economic Freedom Fighters party, attempted to coerce restaurant owners near Johannesburg to hire more South Africans than foreigners.

Oxlade Biography: All You Need To Know About Ikuforiji Olaitan Abdulrahman

Oxlade biography is the new trending subject after the singer broke the internet with his sex tape that leaked, Brand Spur Nigeria reports.

The fast-rising musician, who is well-versed in laying beautiful lyrical content, is also adept at ‘laying’ women, as seen by his sex tape, which has swept the internet in the last few hours.

In the report, Brand Spur Nigeria brings you Oxlade’s biography, age, music, record, label sex tape, and the identity of the lady in the video scene that leaked online.

Oxlade Biography

His real name is Ikuforiji Olaitan Abdulrahman, known professionally by his stage name Oxlade. A Nigerian singer and songwriter.

He rose to prominence with the release of the song “Away”, which appeared on Rolling Stone 50 best songs of 2020.

Age: 24 – born (April 22nd 1997)
Education: Lagos State University
Music Genre: Afro-fusion sound
Record label: Epic Records, Knostra Music, The Plug Entertainment, Substrate Music.

Obviously the name Oxlade may not have hit a chord before the last couple of hours, Brand Spur Nigeria reports that the Afro-fusion sound artiste is among fast rising Nigerian artistes making waves within and outside eh shores of the country.

Oxlade Net Worth, Biography, Age, Songs, Girlfriend, Wiki | Flexy

As already mentioned, his real names are Ikuforiji Olaitan Abdulrahman, but famously known as Oxlade. He was born on April 22nd 1997 in Surulere and grew up with his grandmother after losing his mum at an early age. He joined Lagos State University (LASU) for two years before dropping out to pursue a career in music.

Oxlade Biography And Profile

Oxlade age: 24 years

Place of birth: Nigeria

Profession: Singer

Net worth: $75,000

Nationality: Nigerian

Zodiac: Taurus

Oxlade Nigerian Artist Career

What is perhaps less known to his fans is that he began his musical journey in church at the age of 10. Such was his talent that at barely ten years old, he became a junior choir leader in church.

Upon his transition from gospel to secular music, Oxlade received harsh criticism from his uncles. However, this did not deter his dream to venture into the secular music industry.

While in secondary school as well as in his two years in university, Oxlade’s love for music continued to grow. When he chose to drop out of university to pursue his career, the decision did not go down well with his father, who stopped catering to his needs.

Oxlade Biography: Net Worth, Wikipedia, Girlfriend, Profile, Pictures, Age,  Record Label & More - TheCityCeleb

Oxlade’s break in the music industry came when fellow artist Blaqbonez heard his single Sour and collaborated with him on the hit track Mamiwota. He later featured on Fireboy DML’s hit single Sing.

This one was particularly important as it caught the attention of world-renowned singer Davido.

On March 27th, 2020 Oxlade dropped a six-track EP that was produced mainly by Spax the Producer. One of the tracks in the EP, Tables Turn, features British Nigerian artist Moelogo.

Other great songs on the EP include O2, Away, Hold On, Kokose, and Weakness.

The release of Oxygen The EP was followed by the release of an album titled Oxygen. While the singer generally keeps his personal life away from the public eye, he mentioned that Oxygen’s release was inspired by his break up from the then Oxlade girlfriend. The latter left him just before he hit the stage with Wizkid at the O2 arena in London.

Oxygen is a testament to why so many people have fallen deeply in love with afrobeat music. The tracks feature smooth vocals, and groovy harmonies will have you in your feelings, chasing your dreams, and dancing till your feet are sore.

Away, the first track off the album with a video is beautifully scripted and shot in the coastal town of Cape Coast in Ghana. The song revolves around Oxlade waiting for his lady love to join him as he whisks her away on a trip and in love with her parents looking on.

Oxlade has received much encouragement from the Nigerian music icon, Davido, via social media. According to Oxlade, Davido reached out to him at the very point he was about to give up.

While the artist has only had a few years in the entertainment industry, the entire Oxlade musician career has seen him create some excellent tracks.

Here are some Oxlade songs that have had massive success

Angelina, Away, Brixton Boy, Causing Trouble, Craze, Flora, Hold On, O2, See Heaven, Tables Turn, Teaching You.

Oxlade earned a spot in the hall of fame for his collaboration with Blaqbonez in Mamiwota.

He has, since then, collaborated with other renowned local artists such as Reekado Banks, MI, Ice Prince, DJ Tunez, Melvitto, and Jinmi Abduls as well as international artists such as Skengdo, Sneakbo, and AM.

Oxlade Biography/Net Worth:

The talented artist is signed to The Plug Entertainment, Substrate Music, and Knostra Music. Oxlade net worth the fast-rising Nigerian singer’s net worth is currently estimated to be about $75,000.

Oxlade is undoubtedly one of the best-performing young acts in Nigeria. Just like many other artists, he has faced several challenges and still emerged strong. Which track from this talented musician do you love the most?

Relationship Status

There is no public record of the budding singer in any relationship with any lady, however, only a few hours ago, a video of him smashing an Ivorian model and video vixen.

Oxlade Biography, Age, Wiki, Career, Family, Education, Net worth,  Instagram, Twitter & More | 54HistoryThe video generated multiple reactions across board and holds number one position on Twitter Nigeria trend map. This is coming after female singer; Tiwa Savage was heavily criticized when her sex tape was leaked online.

 

JUST IN: UBA IT Student Slumps, Dies In Lagos

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An intern attached to the United Bank for Africa (UBA) head office name withheld is dead.

The 22-year-old intern collapsed and died on Wednesday, February 9, 2022, while ascending the fourteenth floor of the head office.

Brand Spur Nigeria confidential source revealed that the IT student slumped and died at about 9 am today.

Colleagues who sighted him when he collapsed were said to have alerted others who immediately came to his aid.

Our source further revealed that the UBA IT student had health complications.

As of the time of filing this report, UBA management have not made any public announcement on cause of dead.

 

Details Later….

Rhenus to launch new Integrated logistics services business unit, Supply Chain Solutions, in India

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SINGAPORE – Media OutReach – 9 February 2022 – Following a growth-driven year, Rhenus India will introduce new products across all existing business units, add a new business unit and enhance its capabilities in sustainable logistics.

 

After achieving a record year-on-year average growth of 20 to 30 percent from 2010 to 2021 in India, leading global logistics service provider Rhenus Logistics announced extensive plans to expand its product portfolio for the domestic market. Rhenus India will also look into introducing environmentally sustainable products and services, ranging from carbon-neutral LCL product to exploring the use of electric vehicles for trucking.

 

Some of the new products introduced across the four business units (Air & Ocean, Customs Brokerage, Contract Logistics and Domestic Freight) include:

  1. Air Freight Consol from Hongkong to Chennai (three consols per week)
  2. Cross-Border Road Freight to SAARC Nations (The South Asian Association for Regional Cooperation)
  3. Chemical Warehouses in Gurugram (February 2022) and Bhiwandi (May 2022)
  4. Visibility Tool – to provide a comprehensive visibility to the customers for real time decision making
  5. Global Service Centre – to manage an entire spectrum of customs services and requirements for the United Kingdom and other European countries
  6. Control Tower

To further provide an end-to-end visibility to customers, Rhenus India will now offer Supply Chain Solutions, providing technology-enabled logistics support as part of a dedicated new business unit.

 

Rhenus India continues on a growth trajectory with 1.4 million square feet of warehousing space and over 500 new employees added to the local team over the past two years. Highlights include the opening of a new chemical multi-user warehouse in Chennai in 2021, strengthening its capabilities to serve the chemical industries.

 

“Customers lie in the forefront of our strategy. Rhenus India will continue to invest in people, resources and infrastructure, while keeping a long-term view of growth in mind. Digital Excellence, HR Excellence and Customer Centricity will be the pillars of our future growth,” said Vivek Arya, Managing Director of Rhenus India.

 

With over seven decades of expertise in domestic freight and logistics services, Rhenus India supports corporate customers across 70 offices in India, with more than 2,000 professionally qualified employees and 2.4 million square feet of warehousing space. Rhenus India provides integrated logistics solutions and services across most industry segments including chemicals and petrochemicals, industrial and engineering, automotive, electronics and white goods as well as pharmaceuticals.

About Rhenus

The Rhenus Group is one of the leading logistics specialists with global business operations and annual turnover amounting to EUR 5.4 billion. 33,500 employees work at 820 business sites and develop innovative solutions along the complete supply chain. Whether providing transport, warehousing, customs clearance or value-added services, the family business pools its operations in various business units where the needs of customers are the major focus at all times.

#Rhenus

The issuer is solely responsible for the content of this announcement.