Virtual launch of the Power Woman online magazine

Power up your dreams with Power Woman E-Magazine.

Power Woman is a monthly digital magazine published by Joy Onyesoh®. It is personal development, business development and transformative leadership tool, focused on helping women own their truth and maximize their potentials.

The Magazine is packed with tips and expert advice on personal development, transformative leadership, business development, career success, and adjusting to the new normal.

It includes exclusive interviews with women who have empowered a generation of women and girls to believe in themselves and take action for their personal fulfilment.

The main target audience for Power Woman Magazine is career women, women leaders, professionals, and businesswomen.

We are excited to unveil the first edition of the magazine with guest contributors – Robin Miles; an executive coach and leadership development consultant (USA), Irene N. Ugbah; an educator, author and gender advocate (Nigeria), and May Elawar, PhD, from the Faculty of Transformative Inquiry Department at the California Institute of Integral Studies (USA).

The July 2020 edition, our first edition, explores how women can navigate the future, amidst the pandemic. It also includes an interview with Joy Onyesoh, PhD, the Founder and C.E.O., who takes the reader on a journey of self-discovery and finding her feet after experiencing the lowest moments of her life.

The magazine rounds off with a refreshing review on the book The Moulding of the Master’s Vessel: Our Journey with Brittle Bone Disease and the introduction of The Power Woman: Principles and Strategies for Increasing Your Influence, both written by Joy Onyesoh, PhD.

Objectives

Power Woman focuses on helping women to know themselves and discover their own truths and voice. It particularly encourages women to be fearless in the face of adversity, unleashes the power within, creates transformations and increases their circles of influence.

The Launch is scheduled to take place as follows:

Date: 10th July 2020

Time: 7pm – 8pm (WAT)

Live streaming:

www.facebook.com/joyonyesoh

www.instagram.com/thepowerwoman_

www.joyonyesoh.com/youtube

The Founder and C.E.O., Joy Onyesoh, PhD, is the first black and African President of the Women’s International League for Peace and Freedom (WILPF), a 105-year-old organization and the oldest international women’s peace Organisation in the world.

She is also a break-through and transformative leadership coach whose purpose is to inspire greatness in women. She does this through motivating women to unlock their potentials for growth, have a need to discover their purpose and thrive as a result of gaining clarity on ways of creating unlimited abundance.

She has dedicated over 20 years of her life equipping women across the world with skills and expertise in entrepreneurship, leadership and personal brand development.

Lead exposure in developing countries

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Continued exposure to lead particles will inherently end up causing a bunch of health issues that you can easily learn more about by visiting a site like Check4Lead, the CDC or the Mayo Clinic that all have great articles on the topic, yet exposure to this dangerous heavy metal is significantly more prevalent in developing countries.

Are the various countries doing anything about it? The answer to that question is a resounding yes, but whether or not they are in fact doing enough, that’s an entirely different question.

The reality of the matter is that more than 90% of children in a province in South Africa tested having more than the limit set in the US, and although the article was published a long time ago, it was still at a point in time where residential lead paint had been banned for roughly 18 years in the United States.

Unfortunately, developing countries are still taking the various initiatives required in order to limit lead exposure, but the reality is that they still have a very long way to go in order to get to the exposure levels of developed countries.

In fact, if you go back 3 years, the only countries to still have lead in their gasoline were Algeria, Iraq, Yemen, Myanmar, North Korea and Afghanistan. Although a couple of these countries have taken measures since then to transition away from this dangerous type of fuel, these are changes that are only happening over time, and the dangerous thing is that just because you enact a restriction on the exposure of such material, you still have millions of people living with the consequences of decades of exposure.

Yes, lead exposure will not just affect you right now, but it will, in fact, have devastating long-term effects, the worst ones including death, although cognitive impairment is really quite common too, to some extent.

It’s actually such a concern that important institutions, like the WHO have made their resources that talk about the issue in depth. The good news is that at least the information has been getting out there and that the dangers of extended exposure to the dangerous material are significant, shouldn’t be ignored and that they cause both detrimental health damages, as well as billions and billions of dollars worth of additional health care costs, that various industries would rather avoid talking about, instead of using some of the many different lead particle alternatives that can be added to things such as paint, gasoline and other things.

Although the material has many uses, it’s not one that is used without side effects given its toxic nature, and it could easily mean that you have many products at home that you aren’t even realizing have the material in it.

The issue, in addition, is that many countries aren’t taking the necessary precautions to shield their youngest. Yes, kids are the ones that are most affected by lead exposure, with their still-developing brains. Hearing loss, learning difficulties and problems in school are just some of the things that arise from exposure to this heavy metal, and their long-term consequences are detrimental to countries’ economies, all due to companies’ current profits, that they don’t want to be sacrificing.

The material wouldn’t have the popularity that it has if it wasn’t for the fact that it definitely has the potential to make things more durable, and on the surface make them seem higher quality, but all of these effects come at a price – lead exposure is massively stopping Africa and other developing places from reaching their full potential, why acting on it and ensuring the limiting of kids’ exposure to the material is important.

The reality is that the exposures are far more than most people realize, and while certain things may seem more obvious, the use of lead paint is very common in a range of different consumer products in the developing world, and when being used in kids’ toys, that is when it becomes especially dangerous, as kids will naturally explore the objects they are being introduced to in the world.

Having legislated on the issue, it is very common to see toy recalls in the United States due to their lead content, why it is so imperative that developing countries join in taking strict actions to limit its use. However, it’s not just in kids toys’ that this type of paint is being used, although it is where it is arguably the most dangerous, continued exposure from other products will also cause harm to adults. Smelters, battery manufacturing, recycling plants, automotive shops are all places where the risk of exposure is significantly higher, in much higher concentrations than what the rest of the world permits, and if you are working in and around it all day, you also end up carrying it home in your clothes when you go home, which further increases the contamination risk for the risk of your family.

Changing manufacturing processes across the developing world will not be easy, as there are many businesses that have previously been relying on the various beneficial functions that the material does provide, but the reality is that there are many countries across the world that have successfully implemented vast measures to help lower the exposure, thereby significantly improving the overall health of their populations, and it’s about time that all countries that haven’t taken such a decisive stance on the matter to rise up and do so.

There is absolutely no reason why countries should willingly be allowing manufacturing practices that so obviously cause significant harm to their populations in the desire to maintain corporate interests, with experts estimating that the loss to the continental African economy suffers a US$134.7 loss every single year from the lead exposure that exists.

While many of the initiatives will need to be taken on a local and regional basis, it’s about time that measures are taken to figure out how to best prevent the loss stemming from a lack of action. The various initiatives will undoubtedly be the most effective if several African countries go together in addressing the issue, to avoid the problem simply being imported across country borders.

FMDQ Exchange Admits Axxela Funding 1 PLC Series 1 Bond

The critical role which debt markets play in facilitating sustainable growth and development cannot be overemphasised. The Nigeria debt market capital (DCM) plays an important role in the efficient mobilisation and allocation of resources in the economy and despite the impact of the current times, the market has continued to effectively support corporates looking to expand their business operations.

It is in this regard that FMDQ Holdings PLC (FMDQ Group or FMDQ) in its role as a market organiser of the Nigerian DCM, amongst others, has continued to provide stakeholders in the Nigerian capital market with a credible and robust platform for capital access, risk management and transfer of value.

Consequently, FMDQ, through its subsidiary, FMDQ Securities Exchange Limited (FMDQ Exchange or the Exchange), admitted for listing on its platform, the Axxela Funding 1 PLC ₦11.50 billion Series 1 Bond under its ₦50.00 billion Bond Programme (the Axxela Bond).

Axxela Funding 1 PLC is a special purpose vehicle (SPV) incorporated by Axxela Limited to raise funds through the issuance of debt securities in the domestic capital market. Axxela Limited, owned by Helios Investment Partners, is a natural gas shipping company on the West African Gas Pipeline, providing unique energy solutions with presence in Nigeria and gas export operations in neighbouring West African countries.

The admittance of the Axxela bond is testament to the opportunities which the DCM avails to corporates in diverse business areas and further, to the potential of the market to support stakeholders effectively even as they carry on their activities in the face of the pandemic.

The Axxela bond, by its listing on FMDQ, shall be admitted onto the FMDQ Daily Quotations List; thus, promoting the much-needed transparency for investors and providing a credible basis for portfolio valuation daily.

Also, through the global visibility which the FMDQ website and systems guarantee, the corporate profile of the issuer is raised even further ahead of tapping into other opportunities in the Nigerian capital market.

FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group which provides a one-stop platform for the seamless and cost-efficient execution, risk management, clearing, settlement, depository and data and information services for the Nigerian financial market, through its subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited.

71% of house owners lack proof of ownership in Nigeria – NBS

71% of households do not have evidence to prove the ownership of their homes, according to the Nigeria Living Standards Survey (NLSS) report by the National Bureau of Statistics (NBS).

The survey shows that only 13% of households have title deeds; 9% have a survey plan, and 3% have payment receipts. A lack of proper documentation indicates houses that are either illegally owned or built.

The household data for the Nigeria Living Standards Survey (NLSS). NLSS 2018-19 is the first large scale household survey in a decade, focusing on measuring the living conditions of the population, conducted by the Bureau.

The main objectives of the NLSS 2018-19 are

  1. to provide critical information for the production of a wide range of socio-economic and demographic indicators, including for benchmarking and monitoring of Sustainable Development Goals (SDGs);
  2. to monitor progress in the population’s welfare;
  3. to provide statistical evidence and measure the impact on households of a current and anticipated government policies.

According to the report, more than 42 percent of households in Nigeria resides in compound houses, 21.4 percent live in separate houses and 16.3 percent in apartments.

The survey indicates that both in rural and urban areas the major share of households resides in compound housing, 35.3 and 47.5 percent in urban and rural areas respectively.

Also, more than 54 percent of households own the dwelling in which they reside, while 25.8 percent rent the housing. The share of renters is 49.2 percent in urban areas, whereas in rural areas only 10.4 percent rent the dwelling.

The largest share of households who rent is in Lagos – 68.3 percent and lowest is in Zamfara and Jigawa- 1.4 percent.

About 60.7 percent of households reside in housing with cement or concrete walls, that share is higher in urban areas, 86.4 percent and 43.8 percent in rural areas.

However, 31.5 of households live in houses made of mud walls. In Zamfara state more than 81 percent dwell in houses with mud walls.

Roofing in 57.8 percent of households is made of corrugated iron sheets, followed by zinc sheet for 18.3 percent of households. Roofing made of thatch is observed in 13 percent of households among rural residents.

In 70.3 percent of household, the flooring material is made of cement or concrete.
However, mud and straw/sand flooring reported among 14.1 and 5.6 percent of
households respectively.

Two-room dwellings are occupied by 31.9 percent of households; in one-roomed housing reside close to 24.5 percent of households.

Nigeria Living Standard Survey (NLSS) is a nationwide intervention and a collaborative effort of multiple agencies. The intervention has been led by the National Bureau of Statistics (NBS) with technical assistance from the World Bank.

Only 5.7% of Nigerian households received remittances from abroad – NBS

Only 5.7% of households in Nigeria were recipients of remittances from international sources between 2018 and 2019, while 52.7% of Nigerian households received their remittances from within the country.

This was reported in the “Household data for the Nigeria Living Standards Survey (NLSS), NLSS 2018-19” collected for the first large scale household survey in a decade, focusing on measuring living conditions of the population between September of 2018 and October of 2019, by the National Bureau of Statistics (NBS).

Nigeria Living Standard Survey (NLSS) is a nationwide intervention and a collaborative effort of multiple agencies. The intervention has been led by the National Bureau of Statistics (NBS) with technical assistance from the World Bank.

The average national remittance stood at ₦84,841, with over 80% of the funds being used for consumption. Kebbi, Edo and Ogun state received the highest amounts.

The state of Kebbi has the largest share of household-remittance-recipients – 81.4 per cent and the state of Sokoto has the lowest number, only 5.6 per cent receive any remittance.

The average value of domestic remittance is 62,492 Naira and of international remittance is 84,741 Naira. More than 80 per cent of households who receive remittance report using the transfers for consumption purposes.

It also noted that the highest household size is in Jigawa state at 8.15 persons and the lowest is in Ekiti state where on average the household is composed of 3.5 family members.

NBS further stated: “On average 18.8 percent of households in Nigeria is headed by a female household member. That share is generally higher in urban areas at 21.4 percent as against 17.1 percent in rural areas.

“The lowest share of female-headed households is in Niger state with only 1.9 percent and highest is in Ebonyi State with 36.0 percent.”

Download the full Nigeria Living Standards Survey 2018 – 2019 Report

Union Dicon Salt, Medview Airline and 11 Others Default in Post First Deficiency Notification For Q1 2020 UFS

The Nigerian Stock Exchange hereby informs the general public that the companies listed below have failed to comply with The Exchange’s directive to issue a Press Release as set forth in the Deficiency Filing Notice (DFN) issued to them.

The above-listed companies’ Unaudited Financial Statement (UFS) became due on 29 June 2020, is the extended due date as granted by The Exchange.

Defaulting Companies

By virtue of non-filing of the UFS by the due date, the companies have violated Rule 1.1.2, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange (Issuers’ Rules) (“the Rules”), which provides that:

“Every Issuer shall file its unaudited quarterly accounts not later than thirty (30) calendar days after the relevant quarter, and publish it within five (5) business days after the date of filing, in at least two (2) national daily newspapers, and post it on the company’s website, with the web address disclosed in the newspaper publication. An electronic copy of the publication shall be filed with The Exchange on the same day as the newspaper publication.”

Pursuant to the provisions of Rule 2.2.1 of the Rules, The Exchange had issued a DFN to the aforementioned companies. The purpose of the DFN was to notify the companies of their infraction, and to grant them three (3) days to provide the following information to the public through the medium of a press release:

  1. a)That the relevant UFS had not been filed by the due date;
  2. b)A detailed explanation of the reason(s) for the delay; and
  3. c)The anticipated filing date, or state that the company is unable to indicate an anticipated filing date, and reasons for such inability to indicate the anticipated filing date.

The defaulting companies failed to comply with The Exchange’s directives set forth in the DFN and in light of the companies’ continued breach of Rule 2.2.1 of the Rules, and in line with the requirements of Rule 2.2.2, The Exchange hereby advises the investing public as follows:

  1. a)A DFN has been issued against the aforelisted companies; and
  2. b)Investors are advised to trade with caution on the securities of these companies in the absence of up to date financial information on them.

The investing public is further advised that The Exchange will continue to engage with these companies and may take the following additional steps should they fail to comply, and file their UFS within the ninety-day cure period stipulated by Rule 3.1 of the Rules, i.e. 27 September 2020:

  1. a)  Send to the aforelisted companies a “Second Filing Deficiency Notification” within two (2) business days after 27 September 2020; and
  2. b)Suspend trading in the companies’ securities.

Kachi Onubogu promised a balanced representation in the NIMN council

The Chief Executive Officer of Frutta Juice and Services, Dr Onyekachi Onubogu, has pledged to serve as a bridge between the Town and Gown, as well as bringing his wealth of professional intellectual and academic experience to the better the fortune of the National Institute of Marketing of Nigeria, NIMN if elected the 1st vice president in the forthcoming election.

Dr Onubogu is standing in an election against the following marketing personalities- Mr Idorenyen Enang, former MD, Samsung, Dr Umar Mustapha and Mrs Ifeoma Emasiana-Dike coming up on July 9-15, 2020, in Lagos.

Chief Executive Officer of Frutta Juice and Services, Dr Onyekachi Onubogu

Among these eminent marketing personalities, industry experts believe that Dr Onubogu stands a better chance having served the institute in several capacities in the last three years.

It is gathered that in the last 3 years, Dr Onubogu has functioned as the chairman of the committee tasked with reviewing the indebtedness and financial challenges of the Institute, he has also chaired the Events Committee of the Institute that organised Abuja Annual General Meeting and Port Harcourt Annual General Meeting.

Dr Onyekachi Onubogu

Professionally, Dr Onubogu, who has had over 25 years in marketing and related field, has worked with Procter & Gamble, Guinness Nigeria, Promasidor, and TGI and now as CEO of Frutta Juice and Services.

According to the Frutta Juice’s boss, “I’ll bring a wealth of professional intellectual and academic experience to the Institute and I will serve as a bridge between the Town and Gown, adding that “we have done so much in the last 3 years for the Institute, and my goal as 1st VP is summed up in three words- Engage, Envision and Energise,” he enthused.

Having chaired the committee on the event and financial challenges for the Institute, Dr Onubogu said, I will work with the council to create varying platforms to engage marketers and would-be marketers with NIMN.

On his principle of engagement, the renowned marketing practitioner said, “We will take NIMN closer to the marketers via chapter expansion and truly support chapters to be beacons of learning support and engagement for all.”

“I will work with council and the academia to build an e-library that will serve as a marketing resource for all marketing professionals and we will create a platform that taps into the knowledge bank of our marketing gurus to talk about discourse and topical marketing issues of today,” he announced.

To Energise, Onubogu stated that we will create excitement around our AGM’s and seek closer collaboration with similar professional bodies.

Highlighting further through he said, “We will through our supervisory Ministry, engage government in marketing Nigeria and providing opportunities for marketers to have a voice in shaping the Nigerian discourse.  We can’t be marketers only in NIMN but we must give our profession relevant and exciting marketing can’t be dull,” he added.

People must want to join us because we are engaging, exciting and reflect the values and aspirations they live for.

On his mantra of envisioning, the former executive director at TGI said, “We must create a vision of the Institute we want long after we have left it. I don’t believe the NIMN of today is the same NIMN we will be tomorrow.  I will work with the council to craft and a NIMN relevant for marketing tomorrow but also bring value to marketing professionals across Nigeria.”

New Music, ‘Jeff’ by Nosir debuts

Spade Gospel Entertainment (SGE) is excited to declare the release of the new song from Nosir, titled, Jeff. The song is available for listening on YouTube MusicApple iTunes and Apple Music.

Jeff is a musical satire that seeks to create awareness about child abuse. It’s a hilarious story about Jeff the ‘Baby Man’, a fictitious character, somewhat of a grown man in a toddler’s body. He is physically attractive and quite knowledgeable.

This has made him a catch by women who do not seem to notice that he is still just a toddler.

Speaking about the inspiration for the song, Nosir said, “The world right now is going through harsh social and economic conditions and I just wanted to create a song that is fun and also speaks to one of the ills of the society – child abuse.” 

Jeff is one of the songs from Nosir’s forthcoming hip hop album titled, ‘My Episode’.

He worked with the producer, Jujubeatz and MauriceStar, who mixed and mastered the song.

Nosir can be reached via his social media platforms, @iamnosir (Instagram), @Nosirsge (Facebook) and @iam_nosir (Twitter).

Listen to Jeff by Nosir here.

Ford’s Sales in Greater China Rebound in the Second Quarter; Grow 3 Percent Year-Over-Year

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  • Total of 158,589 vehicles was sold during the second quarter, representing a 3 percent growth year-over-year and 78.7 percent sales increase compared to the first quarter of 2020
  • Strong consumer demand and favourable product mix supported by new vehicle launches helped drive sales rebound
  • Transit commercial vehicles experienced solid year-over-year growth of 60.9 percent, as did Lincoln luxury vehicles on gains of 12.0 percent.

Ford and its joint ventures, Changan Ford, JMC and Ford Lio-Ho, sold 158,589 vehicles in Greater China in the second quarter. Driven by strong demand following the lifting of COVID-19 pandemic restrictions, Ford’s quarterly sales grew 3 percent year-over-year and 78.7 percent quarter-to-quarter.

The company’s refreshed vehicle lineup, including the addition of the all-new Ford Escape and Lincoln Corsair, offered a favourable product mix to meet consumer needs. Sales were particularly strong in the commercial vehicle and luxury segments. Double-digit year-over-year increases were achieved by Transit commercial vehicles with sales of 15,007 units, up 60.9 percent, and Lincoln luxury vehicles with sales of 13,896 units, up 12.0 percent.

Second-quarter sales highlights

  • Ford brand SUVs sold 30,462 units in the second quarter, flat year-over-year, but an increase of 82.1 percent over the first quarter. Sales of the all-new Escape reached 11,290 units in the second quarter, while orders for the locally built Explorer, launched in mid-June, surpassed 2,000 units in the first two weeks of its launch
  • Lincoln brand luxury vehicles experienced consecutive sales increases in the three months of the quarter. Sales in May and June both exceeded the monthly record of 5,000 units, driven in large part by the popularity of the newly launched, locally built Lincoln Corsair, which sold 6,968 units in the quarter.
  • JMC sales of both Ford and indigenous brand vehicles reached 80,224 units in the second quarter, representing 33.8 percent growth year-over-year and more than double the volume sold in the first
  • Ford Lio-Ho sold 5,223 vehicles in Taiwan in the quarter, an increase of 1.8 percent year-over-year and 7.0 percent quarter-to-quarter. All-new Ford Kuga, also launched in mid-June in Taiwan, received nearly 2,000 orders. Second-quarter sales volume was impacted by pandemic-related supply issues, which have since been resolved, and the delayed launch of the all-new Kuga.

Ford China intends to build on its sales momentum by accelerating the launch of new products and localization strategies. June’s launch of the locally built all-new Explorer strengthened

Ford’s robust portfolio of SUV offerings that also includes Escape, Kuga, Edge and Territory S to address a wide spectrum of consumer needs.

Money Market Rates Remain Stressed As Local Banks Queue Up For Liquidity From The CBN

FGN Bonds

The FGN bonds space continued its tales of halves, bullish at the head while the belly and the tail remained bearish. We saw yield compressed by an average of c.46bps at the short-end of the curve D/D as the 2023s remained the highest winner amongst these papers mostly bided at 4.10% levels with few offers available to match. 

On the other hand of the curve, we noted more offers for 2049s and 2050s which started the day at 10.85% but weakened by 5pts to close the day offered at 10.90%. The mid- and long-end of the curve remained flat, with a slight uptick on the 2037s maturity expanding by c.3bps by the business close.

With the state of liquidity in the interbank market, we expect the trade volume to remain low with sustained bearishness at the tail of the curve.

Treasury Bills

The Treasury bills space traded on a chaotic note as rates soared another c.50bps D/D on OMO bills continuously triggered by the tightness in the interbank market causing saw a wave of bears in the market scrambling to offload OMO bills to raise short-term funding. Most of the market offers were largely skewed to the short- and mid-dated bills, especially the September and January papers which were offered at 5.00% and 6.30% levels respectively. We saw traction, albeit in small sizes, for the latest OMO issue 8th June 2021 as the bill settled around mid 6% levels. Subsequently, yields expanded by an average of c.6bps across the OMO curve.

The NTB space wasn’t left out in today’s action with more retail offers on the short- and mid-dated papers at 1.10% and 1.70%. The benchmark NTB curve stayed flat D/D with little volumes changing hands.

We expect to see continuous bearishness in the Treasury bills in the interim as more banks seek to raise funding in light of the market tightness.

Money Markets

The drought in the interbank market persevered today as the market opened c.N274.30Bn negative, while most banks remained at the SLF window (N384Bn) for the 3rd consecutive session. Consequently, OBB and OVN rates inched higher to close at 20.00% and 21.00% respectively.

We expect rates to remain stable in the double-digit range as there are no inflows expected for this week expected to boost market liquidity.

FX Market

The FX market remained sluggish today as pent-up demand remains unmet due to the scarce supply of the greenback. The IEFX window depreciated slightly by N0.25k, with traded volume ($11.96mio) dropping a whopping 88% D/D.

At the parallel market, the cash and transfer rates moved the most in recent times, depreciating by an average of 1.25k D/D to close the day at N460.50/$ and N463.50/$ respectively following a fresh wave of retail demand hitting the market.

Eurobonds

The NIGERIA Sovereigns weakened in a relatively quiet session, with yields expanding by an average of c.9bps across the benchmark curve but little volumes traded. In the SSA space, the Angola papers continue to weaken as we saw continued sell-off from profit-takers, especially on the 2025s maturity while its yield rose by c.20pts D/D to close at 13% levels.

On the flip side, some NIGERIA Corps tickers saw some improved demand interests from local investors, most especially the FIDBAN 22s (-7bps). We also noted some weakness in the UBANL 22s (+56bps) and ETINL 2024s (+13bps), although we expect this weakness to be short-lived in light of an improved outlook for global oil prices.

ZEDCREST CAPITAL