The government of Nigeria has signed US $430m deal with African Development Bank (AfDB) and a consortium of private investors and multilateral financial institutions for the development of Enyimba Economic City project (EEC).
Abia State Governor, Dr. Okezie Ikpeazu made the announcement and said the project has the potential to drive the massive economic expansion of the Southeast region and by extension Nigeria.
“The target for EEC is for is to attract long term local and foreign investments, thereby integrating Nigerian businesses (manufacturing and services) into regional and global supply/value chains,” said Dr. Okezie.
The city is a proposed free-trade zone with an independent business registry, labour law, banking regulations and more, will sit on over 9,500 hectares of land in the oil-producing communities of Abia State, between Aba and Port Harcourt.
Located along Aba- Port Harcourt Highway, the city has major arterial, intercity roads connections. It is near existing seaports (Onne and PortHacourt) and the proposed Akwa Ibom Deep Sea Port. It has proximity to airports in Owerri, PortHacourt and Uyo, and has functional gas pipelines and boarder. It is also along the national rail line of Port Harcourt-Maiduguri.
The project is privately-led, but stakeholders include the local community, the state government (Abia State), and the federal government. The Abia State Government, a Chinese textile manufacturer, Ruyi Group and Geometric Power Company, Aba, signed agreements for the commencement of the new economic city, as well as the roll-out of uninterrupted power supply to Aba area of the state.
The masterplan design of the EEC was done by Surbana Jurong of Singapore and CBRE of India in collaboration with local firms. The positioning study indicates that EEC will at capacity, provide over 700,000 jobs, urban housing of over 300,000 units and urban population of more than 1.5 million people. It is projected that the city will provide more than 2,000 industrial business units, with estimated annual value output of more than US $5bn.
Even if you have not had any experience with cryptocurrencies before, you have likely heard the term Bitcoin. Several years ago, Bitcoin became a household name, and now more and more Nigerians are interested in trading Bitcoin on their own. Here is everything you should know about it!
1. What Is Bitcoin
Bitcoin is the most popular type of cryptocurrency and the name that started the cryptocurrency craze. Bitcoin is created and maintained by the technology called blockchain. Bitcoin is not money in the standard understanding the word, meaning it does not have a physical equivalent.
However, Bitcoin has every other quality that regular money has. It can be exchanged for goods and services, it has a value that is determined by numerous factors and regularly changes, and it can be traded between individuals and legal entities.
2. Bitcoin In Nigeria
Right now, Nigeria holds the 15th spot in the world in the ranking of countries that are interested in Bitcoin. Every week, millions of dollars are invested by Nigerian citizens in Bitcoin. Naturally, companies and banks are also witnessing the potential of Bitcoin and try to introduce their regulations for the cryptocurrency.
The important thing to know about Bitcoin is that it cannot be controlled or regulated by the government or other officials. The blockchain technology means the Bitcoin software is distributed among millions of computers of regular users around the world.
This is exactly what attracts so many Nigerians to the idea of buying, trading, and investing Bitcoin. Bitcoin can be volatile, but it is still viewed by many as a more stable and independent alternative to regular money that has a big future.
3. Where To Trade Bitcoin In Nigeria
The process of trading Bitcoin is, essentially, holding the currency in your account until you can sell it for profit. In order to trade Bitcoin, you first need to buy the currency. There are several Bitcoin exchange services in Nigeria you can choose from, and here are the most reputable ones:
NairaEx, which allows you to purchase Bitcoin using a bank transfer, Perfect Money, or with a bank deposit. NairaEx is one of the most experienced Bitcoin exchange entities in Nigeria that is trusted by many traders.
Luno, which is available both as an online service and an app, allows you to trade Bitcoin for naira and other African currencies. It has high limits, low fees, and is generally very popular with Nigerians.
LocalBitcoins, which is a service designed for Bitcoin sellers to find Bitcoin buyers directly. Payments are done through an escrow service that is known for its reliability.
Bitpesa, which is a very popular cryptocurrency exchange solution in Africa. However, you should be aware of the fact that the service may require more of your personal information to comply with the legal requirements.
Change, which allows you to exchange money for Bitcoin and back in a single transaction without holding the funds in your account.
4. How To Trade Bitcoin In Nigeria
The most important condition for becoming a successful Bitcoin trader in Nigeria is designing a winning strategy, which, in turn, is impossible without plenty of research. With the necessary amounts of research, you will learn about the factors influencing the price of the currency and will be able to know when to make the move.
You will also need to choose one of the Bitcoin exchange platforms that meet your needs and is known for its reliability. The exact steps of trading Bitcoin differ from one platform to another, but you will always have to find the right time to buy Bitcoin at a low price and sell it for profit using your knowledge, recent developments in the world of cryptocurrency, or even your intuition.
All around the world, NGOs, or Non-Governmental Organizations, do great things and change the lives of people. If you are passionate about something, have plenty of ambitions, and think you can handle running your own entity, here is a step-by-step guide on starting an NGO in Nigeria.
1. Know The Difference
You often hear terms NGO, or non-governmental organization, and NPO, or non-profit organization. While it may seem that the two terms are interchangeable, they actually refer to completely different entities.
A non-profit organization can be owned, funded, and run by anyone, but any profits it may bring are invested back into the organization and its operations. A non-government organization receives the most of its funding from the government, although the government does not take part in the operations. The extra profits of NGOs are divided between the owners and shareholders.
2. Design Your NGO
Before you can take any legal steps to own a non-governmental organization, you need to know what exactly you want to be doing. Your NGO must have a clear purpose and mission that should be based on your beliefs. You will also need to choose a name for your NGO, which should both clearly describe the goals of the organization and be eye-catching enough for people to check out.
Another essential aspect of starting an NGO is designing a plan for your organization. You need to take into account everything, from how you are going to run the hiring process to how exactly you plan to achieve the goals of your NGO. Your plan will be the first thing anyone interested in your NGO will want to see, so make sure it paints the right picture.
3. Make Key Decisions
Like any business, a non-governmental organization cannot successfully function without your detailed understanding of the things you want to do and how you want to do them. Here are just some of the key questions you need to answer in order to enjoy success with your new NGO:
Do I have enough personal funds to run an NGO?
Are there any government or business grants I can apply for?
Who is my target audience and what is the proper marketing strategy?
Who will help me carry out my plans?
How and when am I going to report about my NGO’s achievements?
4. Comply With The Legal Requirements
Unfortunately, having a great name and an even greater plan for your NGO is not enough to achieve success. You also need to properly register your organization according to the legal requirements in this field. You will be closely working with the Corporate Affairs Commission or CAC.
You have two options there. The first one is to register as a company limited by guarantee, although you can only do so with the authority of the Attorney General. The other option is registering as an incorporated trustee.
The first step here will be for the CAC to check the availability of your selected NGO name. If this name is already taken by another entity, you will need to choose a different one.
Once the name is approved by the CAC, you will then need to receive an application form and do a publication of notice regarding your new NGO. The publication must be done in at least three national daily papers, and at least one of them must be a local paper distributed in the area where your NGO will be located.
The list of documents you will need to submit along with the filled-in application form includes:
Formal application letter
Applicant’s constitution (2 copies)
Newspaper publications
Applicant’s passport photograph (2)
Detailed minute of the meeting where the NGO appointed a board of trustees and the constitution of the organization was approved.
Bank transfer of ₦20,000 in favour of the CAC.
As soon as you have gathered all the documents required for a successful submission, all you need to do is wait for the CAC to approve your application. This is where the interesting part of running an NGO starts!
Wool braid hairstyles have been popular for years and show no signs of slowing down. Wool braids allow you to try every colour, shape, and type of braiding you have always wanted to rock without putting excessive strain on your hair. Check out 15 fresh wool braid hairstyles you will definitely want to try!
1. Hairstyle #1
The mermaid look is super trendy this year, and with wool braids, you can easily recreate it. Just pick some wool in blue or green hues, use them in your favourite type of braids, and your coveted mermaid look is ready!
If you want to add a pop of colour to your hairstyle but don’t want it to be too vivid – for example, if it clashes with your overall style – you can try some understated colours with your wool braids such as navy blue.
On the other hand, if you are in the mood for a colourful explosion on your head, there is no easier, faster, and more affordable way to do it than with a bunch of brightly-coloured wool braids.
Wool braids can also be incredibly tasteful and closely resemble your own hair colour and texture. Try solid black wool braids if you want to rock a natural look with thick and luscious braiding!
5. Hairstyle #5
Grey is another highly popular colour to combine with your love of braids. If you are looking for a way to finish 2019 in style, how about a gorgeous head full of stylish grey braids as the focal point of your look?
We normally associate pastel colours with spring, but you can wear pastel wool braids any time you want, as they are super easy to pair both with your clothes and your makeup for the most well-designed look.
Want to give your wool braids a fresh treatment and look like you have just gone to a hair salon? Just put them in a stylish headscarf and earn maximum style points for your look!
Wool braids are an effortless way to add some colour to your style without going for the expensive and drastic procedure of dyeing your hair. With wool braids, you can change hair colours as often as you want!
Spice up your solid black wool braids with a couple of trendy hair accessories: these metal beads work wonders for making wool braids look even more eye-catching and overall lovely.
10. Hairstyle #10
If you have always wanted super long braided hair but don’t have the patience to grow it out all the way, you can achieve the same effect in a matter of hours with a few packages of colourful wool!
One of the biggest advantages of wool braids is that they can be worn pretty much any way you want. If you wake up in the mood for a half up, half-down hairstyle, you can make your wish come true faster than ever.
In case you were doubting the possible variety of colours you can try with wool braids, here is just a taste of how diverse wool braids can be and how easy it is to find just the right style for you.
If you can’t decide which colour you want to use for your wool braids from several different shades, you can go all-in with your new hairstyle and use all of them.
14. Hairstyle #14
Blue wool braids may not be the most natural look in the world, but sometimes all that matters is whether you enjoy your new look.
15. Hairstyle #15
Whenever you need to style your wool braids for a special occasion or simply want to try a new look, a beautiful updo is probably the easiest and most timeless style you can try.
HONG KONG, CHINA – Media
OutReach – 9 December 2019 – Kerry Logistics Network Limited (‘Kerry
Logistics’; Stock Code 0636.HK) has for the second consecutive year secured the
Platinum Award, the highest honour of The Asset ESG Corporate Awards (the
‘Awards’, formerly known as The Asset Corporate Awards), as well as the Best
Investor Relations Team Award for the first time.
Kerry
Logistics won the Platinum Award for its laudable efforts in achieving
corporate sustainability, with strong management acumen and stringent
governance reflected in its financial performance. It also received the Best
Investor Relations Team Award in recognition of its investor relations team in
new initiatives launched, facilitating outreach and enhancing communication
with investors and analysts.
William Ma, Group Managing Director of Kerry Logistics, said, “We are grateful to
The Asset for acknowledging Kerry Logistics’ dedication to the environment, to
social responsibilities and to upholding the highest standard of corporate
governance. To be included among our distinguished peers for the second year
running is a testament to our continued efforts. We are also encouraged by the appreciation
on the efforts of our investor relations team. In the face of a changing
economic and business environment, we will keep maintaining transparency and active
communication with our investors while creating value for our stakeholders.”
Inaugurated in 2000, the Awards are the longest running and the most
prestigious ESG awards programme in Asia. Organised by the regional financial
magazine The Asset, the Awards are assessed according to financial performance,
management, corporate governance, social and environmental responsibility and
investor relations.
About Kerry Logistics Network Limited (Stock Code 0636.HK)
Kerry
Logistics is an Asia-based, global 3PL with the strongest network in Asia. Its
core competency is providing highly customised solutions to multinational
corporations and international brands to enhance their supply chain efficiency,
reduce overall costs and improve response time to market. Kerry Logistics has a
network covering 55 countries and territories, and is managing 70 million sq ft
of land and logistics facilities worldwide, providing customers with high
reliability and flexibility to support their expansion and long-term growth.
Kerry Logistics Network Limited is listed on the Main Board of the Hong Kong
Stock Exchange and is a selected Member of the Hang Seng Corporate Sustainability
Index Series 2019-2020.
About The Asset ESG Corporate Awards
The
Asset ESG Corporate Awards offer a rigorous benchmarking service for listed
companies with regard to corporate sustainability. The criteria used to assess
the companies include a range of metrics of financial performance, which are
also a proxy for gauging management acumen. Companies are also evaluated
according to the quality of their governance, social responsibility,
environmental responsibility and investor relations.
MTN Foundation, the CSR vehicle of MTN Nigeria has collaborated with the Musical Society of Nigeria, (MUSON) School of Music to host students and alumni of MTN-Muson Scholars to a workshop titled MTN Business of the Arts.The event was facilitated by industry veterans such as Oye Akindeinde; CEO, Music Time, Simfy Africa, Tee-Y Mix, multi-talented keyboardist, and CEO, Vivace Records and Tade Adekunle, Past National President, National Association of Nigerian Theatre Arts Practitioner (NANTAP) and CEO, KesKese Limited. Topics discussed ranged from Intellectual Property to Content Partners, carving and maintaining a niche, Platforms, Legal Representation, collaboration among others.
Speaking on the initiative, Mr. Abasi-Ekong, Senior Manager, Programme Implementation, MTN Foundation said the Business of the Arts Workshop is meant to improve the understanding of the students on the business and relationship aspect of music. He told the scholars that they are aware of the challenges they face while carving a niche for themselves, he assured them that MTN was prepared to support them. The MTN Foundation launched the initiative tagged Business of the Arts Series in February 2019 where alumni of the MTN-Muson Scholars are trained on the business of their craft. The initiative was developed to prepare the scholars for life outside the school, especially while venturing into the creative market and securing a paying audience. The first workshop in the series was held in February 2019, with a focus on Copyright & Intellectual Property Protection.
Hampshire, UK – 9th December 2019: A new study from Juniper Research has found that global international digital money transfer transaction volume will reach 2 billion by 2024; up from 1.1 billion in 2019.
The new research, Digital International Money Transfer: Key Trends, Player Innovation & Market Forecasts 2019-2024, found that both online and mobile channels are achieving strong growth, with fintech disruptors and market incumbents rapidly gaining traffic. However, the researchers noted that much of this growth will be at the expense of unofficial remittances, such as funds sent with travelling family members, rather than established formal remittance channels. Juniper Research recommended that money transfer operators invest heavily in digital transformation, whilst retaining strong agent networks, to ensure they gain the full benefit of digital migration.
Mobile Transfer Will Continue to Dominate, Requiring Vendor Innovation
The research found that the mobile channel will account for 68% of transaction volume in 2024; up from 63% in 2019. The study found that this dominance is primarily due to the superior app-based experiences available on mobile, rising interoperability of mobile money solutions and highly competitive pricing from app-based disruptors.
Research author Nick Maynard explained: “Mobile has become the go-to channel for international money transfer; dominating the digital landscape. This means that incumbents in the area, such as Western Union and MoneyGram, must relentlessly focus on their app experiences; fully embracing digital transformation. A failure to do so will result in a steady erosion of market share by digitally-native disruptors”.
Agent Networks Crucial to Success in Emerging Markets
The new research found that international digital money transfer, while highly compelling via a digital channel, requires effective agent partnerships in recipient countries to ensure success. Over time, both ends of the money transfer transaction will be digital; boosted by mobile money interoperability but, for now, retaining physical cash out location will be crucial. Juniper Research recommends that money transfer operators make partnerships in emerging markets a high priority, including with physical players such as supermarkets or retailers.
Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.
Leading telecommunications services provider, Airtel Nigeria has kicked off its annual Christmas feeding programme dubbed ‘Airtel Five Days of Love’ as it rolled out the drums to celebrate with Lagosians at the Oshodi Local Government Secretariat on Monday, December 9, 2019.
Oluwaseun Solanke, Director, Information Technology, Airtel Nigeria; Segun Ogunsanya, Chief Executive Officer/Managing Director, Airtel Nigeria; Vanessa Holmes, Brand Strategist / Marketing Director Food Concepts Plc (Chicken Republic) and Anthonia Agbonifo Executive Director/ Deputy Managing Director, Food Concepts Plc (Chicken Republic) serving one of the beneficiary at the Lagos flag-off of Airtel Five Days of Love in Oshodi/ Isolo Local Government Secretariat, Lagos on Monday, December 9th, 2019. www.brandspurng.com
The Airtel ‘5 Days of Love’ programme is designed to identify with less privileged persons as well as support the downtrodden in communities where Airtel operates.
About two thousand persons including children, women, youth and the elderly were served nutritious meals in a fun-filled atmosphere.
Oluwaseun Solanke, Director, Information Technology, Airtel Nigeria; Segun Ogunsanya, Chief Executive Officer/Managing Director, Airtel Nigeria; Vanessa Holmes, Brand Strategist / Marketing Director Food Concepts Plc (Chicken Republic) and Anthonia Agbonifo Executive Director/ Deputy Managing Director, Food Concepts Plc (Chicken Republic) serving one of the beneficiary at the Lagos flag-off of Airtel Five Days of Love in Oshodi/ Isolo Local Government Secretariat, Lagos on Monday, December 9th, 2019. www.brandspurng.com
Since the commencement of the initiative five years ago, Airtel has partnered with leading Fast Food vendors to feed over 20,000 people across 25 major cities.
Following the Oshodi event, the Airtel ‘5 Days of Love’ train will move to Abeokuta, Ogun State, on Tuesday, 10th December.
Olusina Adegoke, Lagos Regional Operations Director, Airtel Nigeria; Hon. Idris Bolaji Muse – Ariyoh, Chairman Oshodi / Islolo Local Government Area; Segun Ogunsanya, Chief Executive Officer/Managing Director, Airtel Nigeria; Vanessa Holmes, Brand Strategist / Marketing Director, Food Concepts Plc (Chicken Republic) at the Lagos flag-off of Airtel Five Days of Love in Oshodi / Islolo Local Government Secretariat, Lagos on Monday, December 9th, 2019. www.brandspurng.com
Speaking at the event, Chief Executive Officer and Managing Director, Airtel Nigeria, Segun Ogunsanya stated that the Christmas period is a season of giving and, “At Airtel, we believe we can spread love during the season through our ‘5 Days of Love’ programme. So, across the country, we are providing quality, hot meals amidst an electrifying atmosphere of fun, good entertainment and love.
“Airtel is committed to touching the lives of underprivileged persons in the society as well as empowering stakeholders in the communities where we operate.
As a critical stakeholder in Nigeria, we are also passionate about uplifting the less privileged and providing support for the vulnerable as this aligns with our overall CSR theme of touching lives and improving the standard of living of the less privileged.”
Also speaking at the event, Chairman, Oshodi/Isolo Local Government Area, Hon. Idris Bolaji Muse-Ariyoh expressed his gratitude to Airtel for the gesture.
“I want to say a big thank you to Airtel Nigeria and the CEO, Mr. Segun Ogunsanya. Through this programme, Airtel has demonstrated true love for the people and we are happy that this year’s edition is in Oshodi.
“Without a doubt, this initiative echoes Airtel’s commitment to touching lives as some of us will not only be fed but also go home with gifts. Once again, thank you Airtel for visiting the Gateway of Nigeria,”he said.
On Wednesday, 11th December, over 1,000 underprivileged persons will be fed in Onitsha, Anambra State while Karu in Nasarawa and Maiduguri in Borno will also host the Airtel ‘Five Days of Love’ goodie train on Thursday, 12th December and Friday, 13th December, respectively.
Through the ‘Five Days of Love’ programme, Airtel says it is uplifting the less privileged and providing support for the vulnerable as this aligns with its overall CSR theme of touching lives and improving the standard of living of the less privileged.
Recently, the Organisation of Petroleum Exporting Countries (OPEC) – in its last meeting in 2019, reached a consensus with Russia and other allies, to deepen oil production cuts in Jan-20 till the end of Mar-20, by 500,000bpd to 1.7mbpd (previously 1.2mbpd).This is in a bid to stem prices, which have been under pressure from abundant reserves and weak global economic growth. Notably, Saudi Arabia (OPEC’s de-facto leader) agreed to exceed its quota by 400,000bpd to take the aggregate OPEC+ production cut to 2.1mbpd.
Accordingly, the de-facto leader sounded stricter about other member countries compliance with the new quota. Herein, we highlight the impact of this move on Nigeria’s economy.
Based on the latest estimate, Nigeria’s production quota was revised downward from 1.77mbpd to 1.753mbpd. However, according to the recently passed 2020 budget, crude oil production (inclusive of condensate) was pegged at 2.18mbpd while the crude oil price was revised upward to $57.0/b. Accordingly, for Nigeria to achieve a 100.0% compliance to the OPEC+ quota as well as achieve its 2020 production target, the nation will need to ramp up
condensate production by 437,000bpd – a big premium to its current 200,000bpd production level.
In all, with no outlook for a new addition to condensates, we see two major possibilities in
2020; comply and suffer oil revenue shortfall or fail to comply and suffer the wrath of Saudi Arabia and other compliant OPEC+ members. However, given the current government’s revenue drive, we believe the government might choose the latter
Gel manicures might look great, but not everyone has the time to have them regularly – or the inclination to go through professional removal.
But that doesn’t mean we’re happy for our carefully painted talons to chip within minutes of an at-home manicure.
There are steps you can take to make sure things last though:
The boring tips you always read about prep are right – swipe some remover over nails to make sure they aren’t oily and use a good base coat.
Orly Nail Bonder grips onto nail polish and is rubberised, so sort of stretches with it and helps polish last much longer than normal.
When you paint nails to make sure you do the outer edge, leaving it bare makes it much easier for the colour to lift.
“The best tip ever is to re-apply a top coat on the third day of your manicure and again on the sixth day,” Queila Doyle, CEO and Founder My Beauty Squad, told us.
“That helps to create a protective barrier between the polish and water which is the main reason your nails wear off.
“Wearing gloves while doing the dishes or any other manual labour also
Keeping nails healthy is also important, with Queila suggesting: “Maintaining a consistent regime is the key to keeping your nails healthy.
“Moisturise your cuticle daily with cuticle oil, spend one to two days a week without any polish, use a nail treatment base coat, and drink loads of water.”
Of course, if you’re making your mani last you want to make sure you love the colour you’re rocking too.
Nail expert Leighton Denny explains that if a colour looks good on your mate but doesn’t work for you, it’s not necessarily because your mani skills aren’t up to scratch.
He explained: “As an easy to follow, general rule, choose your nail colours according to your hair/skin colour.
“Those with light skin and blonde hair should go for all shades of orange, pink, purple. Those with dark skin and dark hair suit all shades of red and violet.
“If you have light skin and dark hair, try all shades of brown and beige, and redheads look great in coral-red, brown and bronze colours.”
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