Connect with us

Nigeria Ltd

  •  The House of Representatives has urged Federal Ministry of Works and Housing to ensure completion of the second Niger bridge Lokoja Abuja Kaduna and Lagos Ibadan express ways This was sequel to a unanimous adoption of three motions by Rep Hassan Abdullahi APC Kogi Rep Victor Mela APC Gombe and Rep Chudi Momah APGA Anambra at plenary on Thursday While moving his motion Abdullahi said the contract for the reconstruction of Abuja Lokoja expressway was awarded to Messrs Dantata and Sawoe RCC Nigeria Ltd Bullentine Construction Company Nigeria Ltd and Gitto Construzioni Generalli Nigeria Limited in 2006 He said that some of the contractors had completed their sections while others appeared to be experimenting According to Abdulahhi the dual carriageway has become dangerous for thousands of Nigerians plying the very busy road with strange folds contours and potholes that have continued to frighten drivers and passengers On his part Mela said that Nigeria has about 194 394 kilometres of road network which was the largest in Sub Sahara Africa He said that most of the roads were built more than 40 years ago and were not properly maintained over the years As a result some of the signs put up on the roads have been destroyed or blocked by trees and shrubs One of the most integral elements of smooth flow of traffic on highways is the proper posting of visibility road sighs which indicate the condition of the highways to the drivers Most dangerous areas on the highway such as sharp bends uphill downhill and blind spots do not have adequate warning signs and construction of site a situation that has resulted in many avoidable accidents Mela said While moving his motion Momah said there were evidences of slow work on the Logos Ibadan expressway Abuja Kaduna expressway and the second Niger bridge He said a total of N150 6 billion had been released for the projects alleging that there was conflict of interest in Julius Berger s involvement in construction of second Niger bridge The house mandated its Committee on Works to investigate the companies handling the projects with a view to determining if they could deliver on good time The green chambers charged the committee to determine if the work done was commensurate with the amount released by government In his ruling the Deputy Speaker of the house Rep Ahmed Wase APC Plateau mandated the committees on Works and FERMA to ensure compliance Edited By Chioma Ugboma Ali baba Inuwa
    Reps make case for completion of 2nd Niger Bridge
     The House of Representatives has urged Federal Ministry of Works and Housing to ensure completion of the second Niger bridge Lokoja Abuja Kaduna and Lagos Ibadan express ways This was sequel to a unanimous adoption of three motions by Rep Hassan Abdullahi APC Kogi Rep Victor Mela APC Gombe and Rep Chudi Momah APGA Anambra at plenary on Thursday While moving his motion Abdullahi said the contract for the reconstruction of Abuja Lokoja expressway was awarded to Messrs Dantata and Sawoe RCC Nigeria Ltd Bullentine Construction Company Nigeria Ltd and Gitto Construzioni Generalli Nigeria Limited in 2006 He said that some of the contractors had completed their sections while others appeared to be experimenting According to Abdulahhi the dual carriageway has become dangerous for thousands of Nigerians plying the very busy road with strange folds contours and potholes that have continued to frighten drivers and passengers On his part Mela said that Nigeria has about 194 394 kilometres of road network which was the largest in Sub Sahara Africa He said that most of the roads were built more than 40 years ago and were not properly maintained over the years As a result some of the signs put up on the roads have been destroyed or blocked by trees and shrubs One of the most integral elements of smooth flow of traffic on highways is the proper posting of visibility road sighs which indicate the condition of the highways to the drivers Most dangerous areas on the highway such as sharp bends uphill downhill and blind spots do not have adequate warning signs and construction of site a situation that has resulted in many avoidable accidents Mela said While moving his motion Momah said there were evidences of slow work on the Logos Ibadan expressway Abuja Kaduna expressway and the second Niger bridge He said a total of N150 6 billion had been released for the projects alleging that there was conflict of interest in Julius Berger s involvement in construction of second Niger bridge The house mandated its Committee on Works to investigate the companies handling the projects with a view to determining if they could deliver on good time The green chambers charged the committee to determine if the work done was commensurate with the amount released by government In his ruling the Deputy Speaker of the house Rep Ahmed Wase APC Plateau mandated the committees on Works and FERMA to ensure compliance Edited By Chioma Ugboma Ali baba Inuwa
    Reps make case for completion of 2nd Niger Bridge
    Politics3 years ago

    Reps make case for completion of 2nd Niger Bridge

    The House of Representatives has urged Federal Ministry of Works and Housing to ensure  completion of the second Niger bridge, Lokoja-Abuja-Kaduna and Lagos-Ibadan express ways.

    This was sequel to a unanimous adoption of three motions by Rep. Hassan Abdullahi (APC-Kogi), Rep. Victor Mela (APC-Gombe) and Rep. Chudi Momah (APGA-Anambra) at plenary on Thursday.

    While moving his motion, Abdullahi said

    the contract for the reconstruction of Abuja-Lokoja expressway was awarded to Messrs Dantata and Sawoe, RCC Nigeria Ltd, Bullentine Construction Company Nigeria Ltd and Gitto Construzioni Generalli Nigeria Limited in 2006.

    He said that some of the contractors had completed their sections while others appeared to be experimenting.

    According to Abdulahhi, the dual carriageway has become dangerous for thousands of Nigerians plying the very busy road ”with strange folds, contours and potholes that have continued to frighten drivers and passengers.”

    On his part, Mela said that Nigeria has about 194,394 kilometres of road network which was the largest in Sub-Sahara Africa.

     

    He said

    that most of the roads were built more than 40 years ago and were not properly maintained over the years.

    “As a result, some of the signs put up on the roads have been destroyed or blocked by trees and shrubs.

    “One of the most integral elements of smooth flow of traffic on highways is the proper posting of visibility road sighs which indicate the condition of the highways to the drivers.

    “Most dangerous areas on the highway such as sharp bends, uphill, downhill and blind spots do not have adequate warning signs and construction of site, a situation that has resulted in many avoidable accidents,” Mela said.

    While moving his motion, Momah said  there were evidences of slow work on the Logos-Ibadan expressway, Abuja-Kaduna expressway and the second Niger bridge.

    He said a total of N150.6 billion had been released for the projects alleging that there was conflict of interest in Julius Berger’s involvement in construction of second Niger bridge.

    The house mandated its Committee on Works to investigate the companies handling the projects with a view to determining  if they could deliver on good time.

    The green chambers charged the committee to determine if the work done was  commensurate with the amount released by government.

    In his ruling, the Deputy Speaker of the house, Rep. Ahmed Wase (APC-Plateau) mandated the committees on Works and FERMA to ensure compliance.


    Edited By: Chioma Ugboma/Ali baba-Inuwa

  •  First Bank of Nigeria Ltd on Thursday tasked Small and Medium Enterprises SMEs operating in the country on capacity building for them to remain relevant and competitive in the future Mrs Olufunke Smith the bank s Group Head Retail Banking Lagos Island 1 stated this at the FirstBank SMEConnect Business Clinic in Lagos The Clinic had as its theme Positioning your business to thrive in 2020 The Nigeria News Agency reports that the Business Clinic was in partnership with Traction Venture Partners Smith said for SMEs to survive they must position themselves as a learning business by continually expanding their capacity to exist and be competitive in the future Today the advancement of technology has made it possible for an entrepreneur to start a business with just an idea and a mobile phone A small business may not need a physical structure or many staff to be successful Most job roles have been taken over by applications that can run unaided once the right data is inputted Therefore for SMEs to survive today they must position themselves as a learning business by continually expanding their capacity she said Smith said that FirstBank had recognised the need to offer more than traditional banking services in order to serve SMEs adequately As a leading banking services solutions provider FirstBank has continued to set the pace in the financial services industry coming up with new initiatives to provide excellent products and services for its esteemed customers For over 125 years we have provided financial services for small businesses and have seen some of these businesses transform into corporations FirstBank has recognised that for it to serve SMEs adequately there is a need to offer more than traditional banking services We know that connecting SMEs to the right information and business tools can save turnaround time cost and give them a competitive edge in the sector that they operate It is on this knowledge that we have created value propositions for SMEs that cover financial and non financial services Smith said According to her the bank s SME proposition was based on seven pillars namely capacity building market infrastructure talent for business development policy amp regulation finance and resources She noted that the Business Clinic was in line with the bank s commitment to building capacity through advisory and demonstration of its interest in the growth and development of small businesses in Nigeria Smith said that the bank would be holding several Business Clinics workshops and seminars across the country in 2020 to strengthen SMEs growth and development On the reasons for FirstBank s commitment to SMEs she said that SMEs are the bedrock of any nation SMEs is the bedrock of any nation you have to ensure that SMEs can grow It s when you have SMEs that are functional that the nation too can grow Don t forget that they employ a lot of people no matter if its two or 20 or 50 when you have strong SMEs it provides employment they come up with all kinds of services that maybe some traditional corporations don t come up with So for us in FirstBank its our responsibility and its part of giving back to the society to ensure that we continue to develop SMEs in whatever role we can capacity building training even on how to write business plans she said Mr Dalapo Adejuyigbe the Managing Partner Traction Venture Partners said that the company focused on enabling the SMEs ecosystem in emerging markets to succeed Adejuyigbe said that the company s major focus right now was Nigeria stressing the need for sound SMEs for desired economic growth and development He said that TractionVenture Partners was creating a digitally enabled adviser for SMEs for them to make the needed impact in the country We are creating a digitally enabled adviser for SMEs that can help them grow A lot of SMEs right now require growth and advisory but a lot of times they cannot afford it Adejuyigbe said He said that the company had democratized its different services by making them affordable and accessible to SMEs The managing partner said that the company engages SMEs in two forms either through SME partners banks or telcos or work directly with SMEs Adejuyigbe said that FirstBank had been its core client in achieving its goal in helping SMEs in Nigeria FirstBank has been our core client in basically achieving our goals to help SMEs we have worked with FirstBank on our diagnostic tool that s diagnostic SMEs can take to essentially help them understand their business he added Edited By Edith Bolokor Oluwole Sogunle
    FirstBank tasks SMEs on capacity building to remain relevant, competitive
     First Bank of Nigeria Ltd on Thursday tasked Small and Medium Enterprises SMEs operating in the country on capacity building for them to remain relevant and competitive in the future Mrs Olufunke Smith the bank s Group Head Retail Banking Lagos Island 1 stated this at the FirstBank SMEConnect Business Clinic in Lagos The Clinic had as its theme Positioning your business to thrive in 2020 The Nigeria News Agency reports that the Business Clinic was in partnership with Traction Venture Partners Smith said for SMEs to survive they must position themselves as a learning business by continually expanding their capacity to exist and be competitive in the future Today the advancement of technology has made it possible for an entrepreneur to start a business with just an idea and a mobile phone A small business may not need a physical structure or many staff to be successful Most job roles have been taken over by applications that can run unaided once the right data is inputted Therefore for SMEs to survive today they must position themselves as a learning business by continually expanding their capacity she said Smith said that FirstBank had recognised the need to offer more than traditional banking services in order to serve SMEs adequately As a leading banking services solutions provider FirstBank has continued to set the pace in the financial services industry coming up with new initiatives to provide excellent products and services for its esteemed customers For over 125 years we have provided financial services for small businesses and have seen some of these businesses transform into corporations FirstBank has recognised that for it to serve SMEs adequately there is a need to offer more than traditional banking services We know that connecting SMEs to the right information and business tools can save turnaround time cost and give them a competitive edge in the sector that they operate It is on this knowledge that we have created value propositions for SMEs that cover financial and non financial services Smith said According to her the bank s SME proposition was based on seven pillars namely capacity building market infrastructure talent for business development policy amp regulation finance and resources She noted that the Business Clinic was in line with the bank s commitment to building capacity through advisory and demonstration of its interest in the growth and development of small businesses in Nigeria Smith said that the bank would be holding several Business Clinics workshops and seminars across the country in 2020 to strengthen SMEs growth and development On the reasons for FirstBank s commitment to SMEs she said that SMEs are the bedrock of any nation SMEs is the bedrock of any nation you have to ensure that SMEs can grow It s when you have SMEs that are functional that the nation too can grow Don t forget that they employ a lot of people no matter if its two or 20 or 50 when you have strong SMEs it provides employment they come up with all kinds of services that maybe some traditional corporations don t come up with So for us in FirstBank its our responsibility and its part of giving back to the society to ensure that we continue to develop SMEs in whatever role we can capacity building training even on how to write business plans she said Mr Dalapo Adejuyigbe the Managing Partner Traction Venture Partners said that the company focused on enabling the SMEs ecosystem in emerging markets to succeed Adejuyigbe said that the company s major focus right now was Nigeria stressing the need for sound SMEs for desired economic growth and development He said that TractionVenture Partners was creating a digitally enabled adviser for SMEs for them to make the needed impact in the country We are creating a digitally enabled adviser for SMEs that can help them grow A lot of SMEs right now require growth and advisory but a lot of times they cannot afford it Adejuyigbe said He said that the company had democratized its different services by making them affordable and accessible to SMEs The managing partner said that the company engages SMEs in two forms either through SME partners banks or telcos or work directly with SMEs Adejuyigbe said that FirstBank had been its core client in achieving its goal in helping SMEs in Nigeria FirstBank has been our core client in basically achieving our goals to help SMEs we have worked with FirstBank on our diagnostic tool that s diagnostic SMEs can take to essentially help them understand their business he added Edited By Edith Bolokor Oluwole Sogunle
    FirstBank tasks SMEs on capacity building to remain relevant, competitive
    Economy3 years ago

    FirstBank tasks SMEs on capacity building to remain relevant, competitive

    First Bank of Nigeria Ltd on Thursday tasked Small and Medium Enterprises  (SMEs) operating in the country on capacity building for them to remain relevant and competitive in the future.

    Mrs Olufunke Smith, the bank’s Group Head, Retail Banking, Lagos Island 1, stated this at the FirstBank SMEConnect Business Clinic in Lagos.

    The Clinic had as its theme: ‘Positioning your business to thrive in 2020.”

    The Nigeria News Agency reports that the Business Clinic was in partnership with Traction Venture Partners.

    Smith said for SMEs to survive, they must position themselves as a learning business by continually expanding their capacity to exist and be competitive in the future.

    “Today, the advancement of technology has made it possible for an entrepreneur to start a business with just an idea and a mobile phone.

    “A small business may not need a physical structure or many staff to be successful.

    “Most job roles have been taken over by applications that can run unaided once the right data is inputted.

    “Therefore, for SMEs to survive today, they must position themselves as a learning business by continually expanding their capacity,” she said.

    Smith said that FirstBank had recognised the need to offer more than traditional banking services in order to serve SMEs adequately.

    “As a leading banking services solutions provider, FirstBank has continued to set the pace in the financial services industry, coming up with new initiatives to provide excellent products and services for its esteemed customers.

    “For over 125 years, we have provided financial services for small businesses and have seen some of these businesses transform into corporations.

    “FirstBank has recognised that for it to serve SMEs adequately, there is a need to offer more than traditional banking services.

    “We know that connecting SMEs to the right information and business tools can save turnaround time, cost and give them a competitive edge in the sector that they operate.

    “It is on this knowledge that we have created value propositions for SMEs that cover financial and non-financial services,” Smith said.

    According to her, the bank’s SME proposition was based on seven pillars namely capacity building, market, infrastructure, talent for business development, policy & regulation, finance and resources.

    She noted that the Business Clinic was in line with the bank’s commitment to building capacity through advisory and demonstration of its interest in the growth and development of small businesses in Nigeria.

    Smith said that the bank would be holding several Business Clinics, workshops and seminars across the country in 2020 to strengthen SMEs growth and development.

    On the reasons for FirstBank’s commitment to SMEs, she said that SMEs are the bedrock of any nation.

    “SMEs is the bedrock of any nation; you have to ensure that SMEs can grow. It’s when you have SMEs that are functional that the nation too can grow.

    “Don’t forget that they employ a lot of people, no matter if its two or 20 or 50 ,when you have strong SMEs , it provides employment; they come up with all kinds of services that maybe some traditional corporations don’t come up with.

    “So, for us in FirstBank, its our responsibility and its part of giving back to the society to ensure that we continue to develop SMEs in whatever role we can — capacity building, training, even on how to write business plans,” she said.

    Mr Dalapo Adejuyigbe, the Managing Partner, Traction Venture Partners, said that the company focused on enabling the SMEs ecosystem in emerging markets to succeed.

    Adejuyigbe said that the company’s major focus right now was Nigeria, stressing the need for sound SMEs for desired economic growth and development.

    He said that TractionVenture Partners was creating a digitally-enabled adviser for SMEs, for them to make the needed impact in the country.

    “We are creating a digitally-enabled adviser for SMEs that can help them grow.

    “A lot of SMEs right now require growth and advisory, but a lot of times they cannot afford it,” Adejuyigbe said.

    He said that the company had democratized its different services by making them affordable and accessible to SMEs.

    The managing partner said that the company engages SMEs in two forms, either through SME partners (banks or telcos) or work directly with SMEs.

    Adejuyigbe said that FirstBank had been its core client in achieving its goal in helping SMEs in Nigeria.

    “FirstBank has been our core client in basically achieving our goals to help SMEs;  we have worked with FirstBank on our diagnostic tool that’s diagnostic SMEs can take to essentially help them understand their business,” he added.


    Edited By: Edith Bolokor/Oluwole Sogunle

  •   First Bank of Nigeria Ltd said it would remain committed to the Federal Government s diversification drive with the development of agricultural value chain to boost employment Mrs Ibukun Awosika Chairman FirstBank stated this at the bank s 2019 edition of Food Souk in partnership with Eventful Limited an events management company held in Lagos Awosika said the bank would continue to support the entire agricultural value chain from production to consumption to create opportunities for Small and Medium Enterprises SMEs in the food sector to create job opportunities As you have noticed we have been doing a chain of Souks with Eventful it is critical for the economy of the nation that we encourage the SMEs sector across different industries she said According to her the Food Souk was introduced to diversify the economy agressively through agricultural development When we have 200 million people food is big business because everybody will eat So what we are trying to do is in support of the nation s building We are seeking to encourage small medium and big enterprises in different sectors of the economy One is to help create jobs because if we think that 65 per cent of our population is made up of people under 40 years and the highest unemployment rate is within the segment that is between 20 and 35 so you need to create jobs But you will only create jobs when you create entrepreneurs as we create more businesses you are creating job opportunities Awosika said She added that the bank s focused on supporting the growth of the economy and hoped to in turn benefit from it as a provider of financial services to the economy As we grow the economy as we build lives of Nigerians as we support the government s investment in the diversification of the economy and help to create jobs through the enterprises we will ultimately benefit Awosika stated The chairman said FirstBank the largest retail bank in the country would continue to support growth and development of SMEs A lot of big businesses of today that grew in Nigeria are businesses we supported from scratch We are starting with different generations of new businesses and events like this help you to see the trends it helps you to see the companies that need nurturing It helps you to see the companies that you can support It also gives you information about how you can best support them and engage them in their terrain to see businesses and understand their feelings to create the kind of product that will support their businesses Awosika said A food vendor Ms Ijeoma Ebeneme the Chief Executive Officer JEM N Iris commended FirstBank for putting the event together Ebeneme said she was at the fair to make profit meet new clients and as well as create the needed publicity for her brand Food Souk formerly known as Fiesta of Flavours is a food and wine fair that holds annually at Harbour Point in Victoria Island Lagos since its premier edition in 2015 The fun food and beverage fair hosted by Eventful provides an avenue for attendees to fully experience the entertainment art and business of food It showcases the best in local and international cuisine cutting edge food technology and cooking techniques and the best beverages wines and spirits the world has to offer It also provides management and training seminars alongside competitions food demonstrations and performances and a live band
    FirstBank reiterates commitment to FG’s economic diversification drive
      First Bank of Nigeria Ltd said it would remain committed to the Federal Government s diversification drive with the development of agricultural value chain to boost employment Mrs Ibukun Awosika Chairman FirstBank stated this at the bank s 2019 edition of Food Souk in partnership with Eventful Limited an events management company held in Lagos Awosika said the bank would continue to support the entire agricultural value chain from production to consumption to create opportunities for Small and Medium Enterprises SMEs in the food sector to create job opportunities As you have noticed we have been doing a chain of Souks with Eventful it is critical for the economy of the nation that we encourage the SMEs sector across different industries she said According to her the Food Souk was introduced to diversify the economy agressively through agricultural development When we have 200 million people food is big business because everybody will eat So what we are trying to do is in support of the nation s building We are seeking to encourage small medium and big enterprises in different sectors of the economy One is to help create jobs because if we think that 65 per cent of our population is made up of people under 40 years and the highest unemployment rate is within the segment that is between 20 and 35 so you need to create jobs But you will only create jobs when you create entrepreneurs as we create more businesses you are creating job opportunities Awosika said She added that the bank s focused on supporting the growth of the economy and hoped to in turn benefit from it as a provider of financial services to the economy As we grow the economy as we build lives of Nigerians as we support the government s investment in the diversification of the economy and help to create jobs through the enterprises we will ultimately benefit Awosika stated The chairman said FirstBank the largest retail bank in the country would continue to support growth and development of SMEs A lot of big businesses of today that grew in Nigeria are businesses we supported from scratch We are starting with different generations of new businesses and events like this help you to see the trends it helps you to see the companies that need nurturing It helps you to see the companies that you can support It also gives you information about how you can best support them and engage them in their terrain to see businesses and understand their feelings to create the kind of product that will support their businesses Awosika said A food vendor Ms Ijeoma Ebeneme the Chief Executive Officer JEM N Iris commended FirstBank for putting the event together Ebeneme said she was at the fair to make profit meet new clients and as well as create the needed publicity for her brand Food Souk formerly known as Fiesta of Flavours is a food and wine fair that holds annually at Harbour Point in Victoria Island Lagos since its premier edition in 2015 The fun food and beverage fair hosted by Eventful provides an avenue for attendees to fully experience the entertainment art and business of food It showcases the best in local and international cuisine cutting edge food technology and cooking techniques and the best beverages wines and spirits the world has to offer It also provides management and training seminars alongside competitions food demonstrations and performances and a live band
    FirstBank reiterates commitment to FG’s economic diversification drive
    Banking3 years ago

    FirstBank reiterates commitment to FG’s economic diversification drive

    First Bank of Nigeria Ltd. said it would remain committed to the Federal Government’s diversification drive with the development of agricultural value chain to boost employment.

    Mrs Ibukun Awosika, Chairman, FirstBank, stated this at the bank’s 2019 edition of ‘Food Souk’ in partnership with Eventful Limited, an events management company,  held in Lagos.

    Awosika said the bank would continue to support the entire agricultural value chain from production to consumption to create opportunities for Small and Medium Enterprises (SMEs) in the food sector to create job opportunities.

    “As you have noticed, we have been doing a chain of Souks with Eventful, it is critical for the economy of the nation that we encourage the SMEs sector across different industries,” she said.

    According to her, the Food Souk was introduced to diversify the economy agressively through agricultural development.

    “When we have 200 million people, food is big business because everybody will eat. So, what we are trying to do is in support of the nation’s building.

    “We are seeking to encourage small medium and big enterprises in different sectors of the economy.

    “One is to help create jobs because if we think that 65 per cent of our population is made up of people under 40 years and the highest unemployment rate is within the segment that is between 20 and 35, so you need to create jobs.

    “But you will only create jobs when you create entrepreneurs, as we create more businesses you are creating job opportunities,” Awosika said.

    She added that the bank’s focused on supporting the growth of the economy and hoped to in turn benefit from it as a provider of financial services to the economy.

    “As we grow the economy, as we build lives of Nigerians, as we support the government’s investment in the diversification of the economy and help to create jobs through the enterprises we will ultimately benefit,” Awosika stated.

    The chairman said FirstBank, the largest retail bank in the country would continue to support growth and development of SMEs.

    “A lot of big businesses of today that grew in Nigeria are businesses we supported from scratch.

    “We are starting with different generations of new businesses and events like this help you to see the trends, it helps you to see the companies that need nurturing.

    “It helps you to see the companies that you can support.

    “It also gives you information about how you can best support them and engage them in their terrain to see businesses and understand their feelings to create the kind of product that will support their businesses,” Awosika said.

    A food vendor, Ms Ijeoma Ebeneme, the Chief Executive Officer, JEM N Iris, commended FirstBank for putting the event together.

    Ebeneme said she was at the fair to make profit, meet new clients and as well as create the needed publicity for her brand.

    Food Souk, formerly known as Fiesta of Flavours, is a food and wine fair, that holds annually at Harbour Point in Victoria Island Lagos, since its premier edition in 2015.

    The fun food and beverage fair hosted by Eventful, provides an avenue for attendees to fully experience the entertainment, art and business of food.

    It showcases the best in local and international cuisine, cutting edge food technology and cooking techniques, and the best beverages, wines and spirits the world has to offer.

    It also provides management and training seminars alongside competitions, food demonstrations and performances and a live band.

  •  First Bank of Nigeria Ltd on Monday said it would remain committed to the Federal Government s diversification drive with the development of agricultural value chain to boost employment Mrs Ibukun Awosika Chairman FirstBank stated this at the bank s 2019 edition of Food Souk in partnership with Eventful Limited an events management company held in Lagos Awosika said the bank would continue to support the entire agricultural value chain from production to consumption to create opportunities for Small and Medium Enterprises SMEs in the food sector to create job opportunities As you have noticed we have been doing a chain of Souks with Eventful it is critical for the economy of the nation that we encourage the SMEs sector across different industries she said According to her the Food Souk was introduced to diversify the economy agressively through agricultural development When we have 200 million people food is big business because everybody will eat So what we are trying to do is in support of the nation s building We are seeking to encourage small medium and big enterprises in different sectors of the economy One is to help create jobs because if we think that 65 per cent of our population is made up of people under 40 years and the highest unemployment rate is within the segment that is between 20 and 35 so you need to create jobs But you will only create jobs when you create entrepreneurs as we create more businesses you are creating job opportunities Awosika said She added that the bank s focused on supporting the growth of the economy and hoped to in turn benefit from it as a provider of financial services to the economy As we grow the economy as we build lives of Nigerians as we support the government s investment in the diversification of the economy and help to create jobs through the enterprises we will ultimately benefit Awosika stated The chairman said FirstBank the largest retail bank in the country would continue to support growth and development of SMEs A lot of big businesses of today that grew in Nigeria are businesses we supported from scratch We are starting with different generations of new businesses and events like this help you to see the trends it helps you to see the companies that need nurturing It helps you to see the companies that you can support It also gives you information about how you can best support them and engage them in their terrain to see businesses and understand their feelings to create the kind of product that will support their businesses Awosika said A food vendor Ms Ijeoma Ebeneme the Chief Executive Officer JEM N Iris commended FirstBank for putting the event together Ebeneme said she was at the fair to make profit meet new clients and as well as create the needed publicity for her brand Food Souk formerly known as Fiesta of Flavours is a food and wine fair that holds annually at Harbour Point in Victoria Island Lagos since its premier edition in 2015 The fun food and beverage fair hosted by Eventful provides an avenue for attendees to fully experience the entertainment art and business of food It showcases the best in local and international cuisine cutting edge food technology and cooking techniques and the best beverages wines and spirits the world has to offer It also provides management and training seminars alongside competitions food demonstrations and performances and a live band Edited by Salif Atojoko NAN
    FirstBank will continue to support FG’s diversification drive to create jobs – Awosika
     First Bank of Nigeria Ltd on Monday said it would remain committed to the Federal Government s diversification drive with the development of agricultural value chain to boost employment Mrs Ibukun Awosika Chairman FirstBank stated this at the bank s 2019 edition of Food Souk in partnership with Eventful Limited an events management company held in Lagos Awosika said the bank would continue to support the entire agricultural value chain from production to consumption to create opportunities for Small and Medium Enterprises SMEs in the food sector to create job opportunities As you have noticed we have been doing a chain of Souks with Eventful it is critical for the economy of the nation that we encourage the SMEs sector across different industries she said According to her the Food Souk was introduced to diversify the economy agressively through agricultural development When we have 200 million people food is big business because everybody will eat So what we are trying to do is in support of the nation s building We are seeking to encourage small medium and big enterprises in different sectors of the economy One is to help create jobs because if we think that 65 per cent of our population is made up of people under 40 years and the highest unemployment rate is within the segment that is between 20 and 35 so you need to create jobs But you will only create jobs when you create entrepreneurs as we create more businesses you are creating job opportunities Awosika said She added that the bank s focused on supporting the growth of the economy and hoped to in turn benefit from it as a provider of financial services to the economy As we grow the economy as we build lives of Nigerians as we support the government s investment in the diversification of the economy and help to create jobs through the enterprises we will ultimately benefit Awosika stated The chairman said FirstBank the largest retail bank in the country would continue to support growth and development of SMEs A lot of big businesses of today that grew in Nigeria are businesses we supported from scratch We are starting with different generations of new businesses and events like this help you to see the trends it helps you to see the companies that need nurturing It helps you to see the companies that you can support It also gives you information about how you can best support them and engage them in their terrain to see businesses and understand their feelings to create the kind of product that will support their businesses Awosika said A food vendor Ms Ijeoma Ebeneme the Chief Executive Officer JEM N Iris commended FirstBank for putting the event together Ebeneme said she was at the fair to make profit meet new clients and as well as create the needed publicity for her brand Food Souk formerly known as Fiesta of Flavours is a food and wine fair that holds annually at Harbour Point in Victoria Island Lagos since its premier edition in 2015 The fun food and beverage fair hosted by Eventful provides an avenue for attendees to fully experience the entertainment art and business of food It showcases the best in local and international cuisine cutting edge food technology and cooking techniques and the best beverages wines and spirits the world has to offer It also provides management and training seminars alongside competitions food demonstrations and performances and a live band Edited by Salif Atojoko NAN
    FirstBank will continue to support FG’s diversification drive to create jobs – Awosika
    Economy3 years ago

    FirstBank will continue to support FG’s diversification drive to create jobs – Awosika

    First Bank of Nigeria Ltd. on Monday said it would remain committed to the Federal Government’s diversification drive with the development of agricultural value chain to boost employment.Mrs Ibukun Awosika, Chairman, FirstBank, stated this at the bank’s 2019 edition of ‘Food Souk’ in partnership with Eventful Limited, an events management company, held in Lagos.Awosika said the bank would continue to support the entire agricultural value chain from production to consumption to create opportunities for Small and Medium Enterprises (SMEs) in the food sector to create job opportunities.“As you have noticed, we have been doing a chain of Souks with Eventful, it is critical for the economy of the nation that we encourage the SMEs sector across different industries,” she said.According to her, the Food Souk was introduced to diversify the economy agressively through agricultural development.“When we have 200 million people, food is big business because everybody will eat. So, what we are trying to do is in support of the nation’s building.“We are seeking to encourage small medium and big enterprises in different sectors of the economy.“One is to help create jobs because if we think that 65 per cent of our population is made up of people under 40 years and the highest unemployment rate is within the segment that is between 20 and 35, so you need to create jobs.“But you will only create jobs when you create entrepreneurs, as we create more businesses you are creating job opportunities,” Awosika said.She added that the bank’s focused on supporting the growth of the economy and hoped to in turn benefit from it as a provider of financial services to the economy.“As we grow the economy, as we build lives of Nigerians, as we support the government’s investment in the diversification of the economy and help to create jobs through the enterprises we will ultimately benefit,” Awosika stated.The chairman said FirstBank, the largest retail bank in the country would continue to support growth and development of SMEs.“A lot of big businesses of today that grew in Nigeria are businesses we supported from scratch.“We are starting with different generations of new businesses and events like this help you to see the trends, it helps you to see the companies that need nurturing.“It helps you to see the companies that you can support.“It also gives you information about how you can best support them and engage them in their terrain to see businesses and understand their feelings to create the kind of product that will support their businesses,” Awosika said.A food vendor, Ms Ijeoma Ebeneme, the Chief Executive Officer, JEM N Iris, commended FirstBank for putting the event together.Ebeneme said she was at the fair to make profit, meet new clients and as well as create the needed publicity for her brand.Food Souk, formerly known as Fiesta of Flavours, is a food and wine fair, that holds annually at Harbour Point in Victoria Island Lagos, since its premier edition in 2015.The fun food and beverage fair hosted by Eventful, provides an avenue for attendees to fully experience the entertainment, art and business of food.It showcases the best in local and international cuisine, cutting edge food technology and cooking techniques, and the best beverages, wines and spirits the world has to offer.It also provides management and training seminars alongside competitions, food demonstrations and performances and a live band.Edited by: Salif Atojoko (NAN)

  •   First Bank of Nigeria Ltd says it will sustain continued support for small businesses to ensure economic growth and development Mrs Folake Ani Mumuney Group Head Marketing amp Corporate Communications said this at Street Souk the urban street fashion fair for millennials held in Lagos Ani Mumuney said that the bank would continue to empower the society including support for small businesses and promoting the growth of the entertainment industry She said that Street Souk was a platform designed to encourage the young ones to channel their talents creatively and productively in such genres as music arts and fashion It s a platform that identifies opportunities which promote the innovative spirit in youngsters Ani Mumuney said She noted that Street Souk was tied to the First Bank s initiative through which the bank continued to express its commitment to empowering the society including support for small businesses According to her the initiative is also tied to the promotion and the growth of the entertainment industry Mr Obembe Abiola Manager XIIG Glover a merchant at the Street Souk told the News Agency of Nigeria that he was happy to be part of 2019 street trading We are here to showcase what we also have as a brand which is African made and to reach out to people to know about the brand Last year we were also here and it was a great time out to meet up with new clients new customers and to meet up with other brands and this year is a lot more better than last year We are large in number new faces and everything is going on fine Abiola said He commended FirstBank for organising the event aimed at encouraging entrepreneurship Also speaking Miss Adebayo Bankole Creative Director Dmf Designs amp Shopwith5k a first time participant said she was happy to showcase her brand to people I have finally found my target audience here people that are interested in street Souk culture in Nigeria they are my target audience Bankole said She stated that sales had been very amazing and that it was worthwhile being part of this year s Street Souk I really appreciate the fact that FirstBank is doing this because most banks go for ankara or made in Nigeria but this is promoting a different culture in Nigeria Street trading is not common in Nigeria the fact that FirstBank is able to support the promotion street Souk in Nigeria is amazing Bankole added NAN reports that the programme was organised by FirstBank in partnership with Eventful
    FirstBank reaffirms support for small businesses
      First Bank of Nigeria Ltd says it will sustain continued support for small businesses to ensure economic growth and development Mrs Folake Ani Mumuney Group Head Marketing amp Corporate Communications said this at Street Souk the urban street fashion fair for millennials held in Lagos Ani Mumuney said that the bank would continue to empower the society including support for small businesses and promoting the growth of the entertainment industry She said that Street Souk was a platform designed to encourage the young ones to channel their talents creatively and productively in such genres as music arts and fashion It s a platform that identifies opportunities which promote the innovative spirit in youngsters Ani Mumuney said She noted that Street Souk was tied to the First Bank s initiative through which the bank continued to express its commitment to empowering the society including support for small businesses According to her the initiative is also tied to the promotion and the growth of the entertainment industry Mr Obembe Abiola Manager XIIG Glover a merchant at the Street Souk told the News Agency of Nigeria that he was happy to be part of 2019 street trading We are here to showcase what we also have as a brand which is African made and to reach out to people to know about the brand Last year we were also here and it was a great time out to meet up with new clients new customers and to meet up with other brands and this year is a lot more better than last year We are large in number new faces and everything is going on fine Abiola said He commended FirstBank for organising the event aimed at encouraging entrepreneurship Also speaking Miss Adebayo Bankole Creative Director Dmf Designs amp Shopwith5k a first time participant said she was happy to showcase her brand to people I have finally found my target audience here people that are interested in street Souk culture in Nigeria they are my target audience Bankole said She stated that sales had been very amazing and that it was worthwhile being part of this year s Street Souk I really appreciate the fact that FirstBank is doing this because most banks go for ankara or made in Nigeria but this is promoting a different culture in Nigeria Street trading is not common in Nigeria the fact that FirstBank is able to support the promotion street Souk in Nigeria is amazing Bankole added NAN reports that the programme was organised by FirstBank in partnership with Eventful
    FirstBank reaffirms support for small businesses
    Banking3 years ago

    FirstBank reaffirms support for small businesses

     

    First Bank of Nigeria Ltd says it will sustain continued support for small businesses to ensure economic growth and development.

    Mrs Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, said this at Street Souk – the urban street fashion fair for millennials held in Lagos.

    Ani-Mumuney said that the bank would continue to empower the society including support for small businesses and promoting the growth of the entertainment industry.

    She said that Street Souk was a platform designed to encourage the young ones to channel their talents creatively and productively in such genres as music, arts and fashion.

    “It’s a platform that identifies opportunities which promote the innovative spirit in youngsters,” Ani-Mumuney said.

    She noted that Street Souk was tied to the First Bank’s initiative through which the bank continued to express its commitment to empowering the society including support for small businesses.

    According to her, the initiative is also tied to the promotion and the growth of the entertainment industry.

    Mr Obembe Abiola, Manager XIIG Glover, a merchant at the Street Souk, told the News Agency of Nigeria that he was happy to be part of 2019 street trading.

    “We are here to showcase what we also have as a brand which is African made and to reach out to people to know about the brand.

    “Last year, we were also here and it was a great time out to meet up with new clients, new customers and to meet up with other brands and this year is a lot more better than last year.

    “We are large in number, new faces and everything is going on fine,” Abiola said.

    He commended FirstBank for organising the event aimed at encouraging entrepreneurship.

    Also speaking, Miss Adebayo Bankole, Creative Director, Dmf Designs & Shopwith5k, a first time participant, said she was happy to showcase her brand to people.

    “I have finally found my target audience here, people that are interested in street Souk culture in Nigeria, they are my target audience,” Bankole said.

    She stated that sales had been very amazing and that it was worthwhile being part of this year’s Street Souk.

    “I really appreciate the fact that FirstBank is doing this because most banks go for ankara or made in Nigeria but this is promoting a different culture in Nigeria.

    “Street trading is not common in Nigeria, the fact that FirstBank is able to support the promotion street Souk in Nigeria is amazing,” Bankole added.

    NAN reports that the programme was organised by FirstBank in partnership with Eventful.

  •   First Bank of Nigeria Ltd on Wednesday said it would sustain continued support for small businesses to ensure economic growth and development Mrs Folake Ani Mumuney Group Head Marketing amp Corporate Communications said this at Street Souk the urban street fashion fair for millennials held in Lagos Ani Mumuney said that the bank would continue to empower the society including support for small businesses and promoting the growth of the entertainment industry She said that Street Souk was a platform designed to encourage the young ones to channel their talents creatively and productively in such genres as music arts and fashion It s a platform that identifies opportunities which promote the innovative spirit in youngsters Ani Mumuney said She noted that Street Souk was tied to the First Bank s initiative through which the bank continued to express its commitment to empowering the society including support for small businesses According to her the initiative is also tied to the promotion and the growth of the entertainment industry Mr Obembe Abiola Manager XIIG Glover a merchant at the Street Souk told the Nigeria News Agency that he was happy to be part of 2019 street trading We are here to showcase what we also have as a brand which is African made and to reach out to people to know about the brand Last year we were also here and it was a great time out to meet up with new clients new customers and to meet up with other brands and this year is a lot more better than last year We are large in number new faces and everything is going on fine Abiola said He commended FirstBank for organising the event aimed at encouraging entrepreneurship Also speaking Miss Adebayo Bankole Creative Director Dmf Designs amp Shopwith5k a first time participant said she was happy to showcase her brand to people I have finally found my target audience here people that are interested in street Souk culture in Nigeria they are my target audience Bankole said She stated that sales had been very amazing and that it was worthwhile being part of this year s Street Souk I really appreciate the fact that FirstBank is doing this because most banks go for ankara or made in Nigeria but this is promoting a different culture in Nigeria Street trading is not common in Nigeria the fact that FirstBank is able to support the promotion street Souk in Nigeria is amazing Bankole added NAN reports that the programme was organised by FirstBank in partnership with Eventful Edited by Wale Ojetimi NAN
    FirstBank restates commitment to small businesses with Street Souk
      First Bank of Nigeria Ltd on Wednesday said it would sustain continued support for small businesses to ensure economic growth and development Mrs Folake Ani Mumuney Group Head Marketing amp Corporate Communications said this at Street Souk the urban street fashion fair for millennials held in Lagos Ani Mumuney said that the bank would continue to empower the society including support for small businesses and promoting the growth of the entertainment industry She said that Street Souk was a platform designed to encourage the young ones to channel their talents creatively and productively in such genres as music arts and fashion It s a platform that identifies opportunities which promote the innovative spirit in youngsters Ani Mumuney said She noted that Street Souk was tied to the First Bank s initiative through which the bank continued to express its commitment to empowering the society including support for small businesses According to her the initiative is also tied to the promotion and the growth of the entertainment industry Mr Obembe Abiola Manager XIIG Glover a merchant at the Street Souk told the Nigeria News Agency that he was happy to be part of 2019 street trading We are here to showcase what we also have as a brand which is African made and to reach out to people to know about the brand Last year we were also here and it was a great time out to meet up with new clients new customers and to meet up with other brands and this year is a lot more better than last year We are large in number new faces and everything is going on fine Abiola said He commended FirstBank for organising the event aimed at encouraging entrepreneurship Also speaking Miss Adebayo Bankole Creative Director Dmf Designs amp Shopwith5k a first time participant said she was happy to showcase her brand to people I have finally found my target audience here people that are interested in street Souk culture in Nigeria they are my target audience Bankole said She stated that sales had been very amazing and that it was worthwhile being part of this year s Street Souk I really appreciate the fact that FirstBank is doing this because most banks go for ankara or made in Nigeria but this is promoting a different culture in Nigeria Street trading is not common in Nigeria the fact that FirstBank is able to support the promotion street Souk in Nigeria is amazing Bankole added NAN reports that the programme was organised by FirstBank in partnership with Eventful Edited by Wale Ojetimi NAN
    FirstBank restates commitment to small businesses with Street Souk
    Economy3 years ago

    FirstBank restates commitment to small businesses with Street Souk

    First Bank of Nigeria Ltd on Wednesday said it would sustain continued support for small businesses to ensure economic growth and development.

    Mrs Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, said this at Street Souk – the urban street fashion fair for millennials held in Lagos.

    Ani-Mumuney said that the bank would continue to empower the society including support for small businesses and promoting the growth of the entertainment industry.

    She said that Street Souk was a platform designed to encourage the young ones to channel their talents creatively and productively in such genres as music, arts and fashion.

    “It’s a platform that identifies opportunities which promote the innovative spirit in youngsters,” Ani-Mumuney said.

    She noted that Street Souk was tied to the First Bank’s initiative through which the bank continued to express its commitment to empowering the society including support for small businesses.

    According to her, the initiative is also tied to the promotion and the growth of the entertainment industry.

    Mr Obembe Abiola, Manager XIIG Glover, a merchant at the Street Souk, told the Nigeria News Agency that he was happy to be part of 2019 street trading.

    “We are here to showcase what we also have as a brand which is African made and to reach out to people to know about the brand.

    “Last year, we were also here and it was a great time out to meet up with new clients, new customers and to meet up with other brands and this year is a lot more better than last year.

    “We are large in number, new faces and everything is going on fine,” Abiola said.

    He commended FirstBank for organising the event aimed at encouraging entrepreneurship.

    Also speaking, Miss Adebayo Bankole, Creative Director, Dmf Designs & Shopwith5k, a first time participant, said she was happy to showcase her brand to people.

    “I have finally found my target audience here, people that are interested in street Souk culture in Nigeria, they are my target audience,” Bankole said.

    She stated that sales had been very amazing and that it was worthwhile being part of this year’s Street Souk.

    “I really appreciate the fact that FirstBank is doing this because most banks go for ankara or made in Nigeria but this is promoting a different culture in Nigeria.

    “Street trading is not common in Nigeria, the fact that FirstBank is able to support the promotion street Souk in Nigeria is amazing,” Bankole added.

    NAN reports that the programme was organised by FirstBank in partnership with Eventful.

    Edited by: Wale Ojetimi
    (NAN)

  •  As part of its capacity building Total says it has trained more than 150 youths in various skills this year with each of them given a starter pack worth N200 000 Mr Vincent Nnadi the Executive General Manager Community Social Responsibility Total Upstream Companies of Nigeria said the beneficiaries were exposed to three months training both in Lagos and Abuja He said the capacity building was part of the company s initiative to transform the society by providing employment opportunities for youths and reducing poverty According to him the company s community social responsibility is a a sustained commitment and an enduring culture of responsiveness to the needs of stakeholders in the oil and gas industry Nnadi who was represented by Dr Charles Ngeribara the General Manager Corporate Social Responsibility and Sustainable Development Total E amp P Nigeria Ltd said the organisation fully identified with the United Nations Sustainable Development Goals numbers one and eight Through our capacity development initiatives Total is empowering as many people as possible and actively supporting nation building efforts in line with the UN Sustainable Development Goals numbers one and eight The goals are No Poverty Decent Work and Economic Growth and with Nigeria being home to the highest number of people living below the poverty line this need has even become more urgent Total is determined to contribute to turning the tide against poverty in Nigeria Prof Godwin Chukwu the President Toncia Consulting and Energy Services the facilitator of the training said youth employment and empowerment was a must for a brighter and better future for the country According to him after a close monitoring and follow up some of the trained youths have been invited for another training on business sustenance On the whole were able to identify 52 of them 25 in Lagos and 27 in Abuja also sponsored by Total The essence is to see how these participants can become employers of labour he told the Nigeria News Agency One of the beneficiaries Miss Gkwaza Christiana of KC Foods who described the opportunity as unique said she had been empowered to be financially independent and as an employer of labour NAN reports that the young entrepreneurs were trained in paints production inverter and solar systems production and installation agriculture web design and computer hardware installation Others are catering hospitality and crafts Edited by Dele Akinsola
    Total trains 150 young entrepreneurs, doles out N30m starter-pack 
     As part of its capacity building Total says it has trained more than 150 youths in various skills this year with each of them given a starter pack worth N200 000 Mr Vincent Nnadi the Executive General Manager Community Social Responsibility Total Upstream Companies of Nigeria said the beneficiaries were exposed to three months training both in Lagos and Abuja He said the capacity building was part of the company s initiative to transform the society by providing employment opportunities for youths and reducing poverty According to him the company s community social responsibility is a a sustained commitment and an enduring culture of responsiveness to the needs of stakeholders in the oil and gas industry Nnadi who was represented by Dr Charles Ngeribara the General Manager Corporate Social Responsibility and Sustainable Development Total E amp P Nigeria Ltd said the organisation fully identified with the United Nations Sustainable Development Goals numbers one and eight Through our capacity development initiatives Total is empowering as many people as possible and actively supporting nation building efforts in line with the UN Sustainable Development Goals numbers one and eight The goals are No Poverty Decent Work and Economic Growth and with Nigeria being home to the highest number of people living below the poverty line this need has even become more urgent Total is determined to contribute to turning the tide against poverty in Nigeria Prof Godwin Chukwu the President Toncia Consulting and Energy Services the facilitator of the training said youth employment and empowerment was a must for a brighter and better future for the country According to him after a close monitoring and follow up some of the trained youths have been invited for another training on business sustenance On the whole were able to identify 52 of them 25 in Lagos and 27 in Abuja also sponsored by Total The essence is to see how these participants can become employers of labour he told the Nigeria News Agency One of the beneficiaries Miss Gkwaza Christiana of KC Foods who described the opportunity as unique said she had been empowered to be financially independent and as an employer of labour NAN reports that the young entrepreneurs were trained in paints production inverter and solar systems production and installation agriculture web design and computer hardware installation Others are catering hospitality and crafts Edited by Dele Akinsola
    Total trains 150 young entrepreneurs, doles out N30m starter-pack 
    Science & Technology4 years ago

    Total trains 150 young entrepreneurs, doles out N30m starter-pack 

    As part of its capacity building, Total says it has trained more than 150 youths in various skills this year with each of them given a starter-pack worth N200, 000.

    Mr Vincent Nnadi, the  Executive General Manager, Community Social Responsibility, Total Upstream Companies of Nigeria, said the beneficiaries were exposed to three months training both in Lagos and Abuja.

    He said the capacity building was part of the company’s initiative to transform the society by providing employment opportunities for  youths  and reducing poverty.

    According to him, the company’s community social responsibility is a a sustained commitment and an enduring culture of responsiveness to the needs of stakeholders in the oil and gas industry.

    Nnadi, who was represented by Dr Charles Ngeribara, the General Manager, Corporate Social Responsibility and Sustainable Development, Total E&P Nigeria Ltd, said the organisation fully identified with the United Nations Sustainable Development Goals numbers one and eight.

    “Through our capacity development initiatives, Total is empowering as many people as possible and actively supporting nation building efforts in line with the UN Sustainable Development Goals numbers one and eight.

    The goals are `No Poverty,  Decent Work and Economic Growth”, and with Nigeria being home to the highest number of people living below the poverty line, this need has even become more urgent.

    “Total is determined to contribute to turning the tide against poverty in Nigeria.”

    Prof. Godwin Chukwu, the President, Toncia Consulting and Energy Services, the facilitator of the training, said youth employment and empowerment was a must for a brighter and better future for the country.

    According to him, after a close monitoring and follow-up, some of the trained youths have been invited for another training on business sustenance.

    “On the whole, were able to identify 52 of them — 25 in Lagos and 27 in Abuja also sponsored by Total.

    ‘“The essence is to see how these participants can become employers of labour, ” he told the Nigeria News Agency .

    One of the beneficiaries, Miss Gkwaza Christiana of KC Foods, who described the opportunity as unique, said she had been empowered to be financially independent and as an employer of labour.

    NAN reports that the young entrepreneurs were trained in paints production, inverter and solar systems production and installation, agriculture, web design and computer hardware installation.

    Others are catering, hospitality and crafts.

    Edited by: Dele Akinsola

  •  MTN 12 banks sign N200b medium term loan agreement By Chiazo Ogbolu Lagos Aug 15 2018 Mobile telephone operator MTN on Wednesday signed a seven year N200 billion medium term loan agreement with a consortium of 12 banks The Chief Executive Officer of MTN Nigeria Mr Ferdi Moolman who made the disclosure at the agreement signing ceremony in Lagos named FBN Quest the acting facility agent According to Moolman the completion of the agreement projects MTN s commitment to and confidence in Nigeria and the strength of its strategic collaboration with local financial institutions He said that the loan would help the operator to deepen and broaden the provision of ICT services in Nigeria The signing of this loan facility is a major landmark in our expansion programme in which we are making significant investment The facility will enable us evolve the network to deliver convergent and superior quality drive voice capacity expansion and data service penetration It will help us maintain optimal capital structure and funding level that supports growth and expansion It will also make it possible for people to connect to each other and the world find and share information and ideas create and access new digital services and reimagine old services This partnership puts in place infrastructure that empowers commerce industry and the provision of public services the MTN chief said The facility he said was structured with a two year moratorium and a five year repayment plan denominated in naira Moolman named the syndicate banks as Citibank of Nigeria Ltd Diamond Bank Plc Ecobank Nigeria Plc Fidelity Bank Plc First Bank of Nigeria Plc and First City Monument Bank Ltd Other banks are FSDH Merchant Bank Ltd Rand Merchant Bank Nigeria Ltd Standard Chartered Bank Plc Stanbic IBTC Bank Plc United Bank for Africa Plc and Union Bank of Nigeria Plc Also speaking Mr Remi Oni Executive Director Corporate Banking of First Bank said that the signing ceremony showed the conclusion of a thoughtful journey for every bank that was involved The sum committed shows the value of the services of MTN and First Bank is committed to supporting its business Everybody that has come into this loan facility deal is excited because it is a deal that will impact the public Mr Emeka Okonkwo Executive Director Union Bank said the bank s partnership with MTN was more than just rendering financial services According to Okonkwo looking back from where MTN is coming from there is the need to appreciate the impact MTN has made in the industry As the industry revolves MTN will play a crucial part and that is why we are going into this partnership with them he said Mr Adekunle Awobodu Chief Financial Officer Finance Division of MTN said Nigeria s journey from voice to data required capital investment and as such the loan would be tailored towards that This movement requires expensive capital investment which the loan facility will aid It will equally help the modernisation of the network to position it well The country also wants to expand its broadband penetration and the loan facility providing the needed equipment will see to that MTN s focus on improving customer experience with good available networks will be enhanced with investment in the equipment needed Awobodu said Edited by Oluyinka Fadare Silas Nwoha
    MTN, 12 banks sign N200b medium term loan agreement
     MTN 12 banks sign N200b medium term loan agreement By Chiazo Ogbolu Lagos Aug 15 2018 Mobile telephone operator MTN on Wednesday signed a seven year N200 billion medium term loan agreement with a consortium of 12 banks The Chief Executive Officer of MTN Nigeria Mr Ferdi Moolman who made the disclosure at the agreement signing ceremony in Lagos named FBN Quest the acting facility agent According to Moolman the completion of the agreement projects MTN s commitment to and confidence in Nigeria and the strength of its strategic collaboration with local financial institutions He said that the loan would help the operator to deepen and broaden the provision of ICT services in Nigeria The signing of this loan facility is a major landmark in our expansion programme in which we are making significant investment The facility will enable us evolve the network to deliver convergent and superior quality drive voice capacity expansion and data service penetration It will help us maintain optimal capital structure and funding level that supports growth and expansion It will also make it possible for people to connect to each other and the world find and share information and ideas create and access new digital services and reimagine old services This partnership puts in place infrastructure that empowers commerce industry and the provision of public services the MTN chief said The facility he said was structured with a two year moratorium and a five year repayment plan denominated in naira Moolman named the syndicate banks as Citibank of Nigeria Ltd Diamond Bank Plc Ecobank Nigeria Plc Fidelity Bank Plc First Bank of Nigeria Plc and First City Monument Bank Ltd Other banks are FSDH Merchant Bank Ltd Rand Merchant Bank Nigeria Ltd Standard Chartered Bank Plc Stanbic IBTC Bank Plc United Bank for Africa Plc and Union Bank of Nigeria Plc Also speaking Mr Remi Oni Executive Director Corporate Banking of First Bank said that the signing ceremony showed the conclusion of a thoughtful journey for every bank that was involved The sum committed shows the value of the services of MTN and First Bank is committed to supporting its business Everybody that has come into this loan facility deal is excited because it is a deal that will impact the public Mr Emeka Okonkwo Executive Director Union Bank said the bank s partnership with MTN was more than just rendering financial services According to Okonkwo looking back from where MTN is coming from there is the need to appreciate the impact MTN has made in the industry As the industry revolves MTN will play a crucial part and that is why we are going into this partnership with them he said Mr Adekunle Awobodu Chief Financial Officer Finance Division of MTN said Nigeria s journey from voice to data required capital investment and as such the loan would be tailored towards that This movement requires expensive capital investment which the loan facility will aid It will equally help the modernisation of the network to position it well The country also wants to expand its broadband penetration and the loan facility providing the needed equipment will see to that MTN s focus on improving customer experience with good available networks will be enhanced with investment in the equipment needed Awobodu said Edited by Oluyinka Fadare Silas Nwoha
    MTN, 12 banks sign N200b medium term loan agreement
    Science & Technology4 years ago

    MTN, 12 banks sign N200b medium term loan agreement

    MTN, 12 banks sign N200b medium term loan agreement

    By Chiazo Ogbolu

    Lagos, Aug. 15, 2018 Mobile telephone operator MTN on Wednesday signed a seven-year N200 billion medium term loan agreement with a consortium of 12 banks.

    The Chief Executive Officer of MTN Nigeria, Mr Ferdi Moolman, who made the disclosure at the agreement signing ceremony in Lagos, named FBN Quest the acting facility agent.

    According to Moolman, the completion of the agreement projects MTN’s commitment to and confidence in Nigeria and the strength of its strategic collaboration with local financial institutions.

    He said that the loan would help the operator to deepen and broaden the provision of ICT services in Nigeria.

    “The signing of this loan facility is a major landmark in our expansion programme in which we are making significant investment.

    “The facility will enable us evolve the network to deliver convergent and superior quality, drive voice capacity expansion and data service penetration.

    “It will help us maintain optimal capital structure and funding level that supports growth and expansion.

    “It will also make it possible for people to connect to each other and the world, find and share information and ideas, create and access new digital services and reimagine old services.

    “This partnership puts in place infrastructure that empowers commerce, industry and the provision of public services,’’ the MTN chief said.

    The facility, he said, was structured with a two-year moratorium and a five-year repayment plan denominated in naira.

    Moolman named the syndicate banks as Citibank of Nigeria Ltd., Diamond Bank Plc., Ecobank Nigeria Plc., Fidelity Bank Plc., First Bank of Nigeria Plc. and First City Monument Bank Ltd.

    Other banks are: FSDH Merchant Bank Ltd., Rand Merchant Bank Nigeria Ltd., Standard Chartered Bank Plc., Stanbic IBTC Bank Plc., United Bank for Africa Plc. and Union Bank of Nigeria Plc.

    Also speaking, Mr Remi Oni, Executive Director, Corporate Banking of First Bank, said that the signing ceremony showed the conclusion of a thoughtful journey for every bank that was involved.

    “The sum committed shows the value of the services of MTN, and First Bank is committed to supporting its business.

    “Everybody that has come into this loan facility deal is excited because it is a deal that will impact the public.

    Mr Emeka Okonkwo, Executive Director, Union Bank, said the bank’s partnership with MTN was more than just rendering financial services.

    According to Okonkwo, looking back from where MTN is coming from, there is the need to appreciate the impact MTN has made in the industry.

    “As the industry revolves, MTN will play a crucial part and that is why we are going into this partnership with them,’’ he said.

    Mr Adekunle Awobodu, Chief Financial Officer, Finance Division of MTN, said Nigeria’s journey from voice to data required capital investment and as such the loan would be tailored towards that.

    “This movement requires expensive capital investment which the loan facility will aid. It will equally help the modernisation of the network to position it well.

    “The country also wants to expand its broadband penetration and the loan facility providing the needed equipment will see to that.

    MTN’s focus on improving customer experience with good available networks will be enhanced with investment in the equipment needed,’’ Awobodu said.

    Edited by: Oluyinka Fadare/Silas Nwoha

     

     

  •  NAN H 74 Connectivity By Perpetua Onuegbu Ibrahim Ishiekwene Abuja Aug 8 2017 Mr Chuks Okpaka the Country Managing Director Hewlett Packard HP Nigeria Ltd says smart cities are all about the connectivity of all the services that government renders in e format Okpaka made this known at the two day maiden edition of the Smart Cities Summit on Tuesday in Abuja The summit brought together multi stakeholders to among others take critical look at the preparedness unique challenges and emerging solutions necessary for sustainable smart city initiative in Nigeria Okpaka said that smart cities meant efficiency of the systems and safety of citizens He however said that for the technologies to impact on the country we must understand test run and localise them to meet the needs of the Nigerians Mr Sonny Echono the Permanent Secretary Ministry of Communications in his welcome address said the communications sector had a vital role to the realisation of the Smart Cities initiative Echono expressed the hope that the summit would focus on the sector s potential for helping to address many problems currently bedeviling the country including issues associated with smart cites Echono said that it would seek to re position Nigeria s communication sector as one of the key drivers of the nation s economy It will also define a strategic roadmap for government on smart cities and provide a common platform for the sector stakeholders to share a common vision for smart cities development in the country To succeed in making Nigerian home offices schools benefit for cities smart we have to harness opportunities in exponential technologies which include artificial intelligence drones big data and block chain he said Mr Tank Li the Managing Director Huawei the main sponsor of the summit said that the organisation was committed to building technologies that would enhance the cyber space Li said that Nigeria had enormous potential that would help it leapfrog in technological advancement He added that the summit was one forum to actualise the plan of the ministry within the next 10 years Mr Ademola Aladekomo the Chairman Smart City Plc said there was need to leapfrog relevant technology toward resolving infrastructural deficit in the country We must concentrate on processing packaging and exporting of products rather than exporting raw materials We can achieve this with a framework and models for smart cities in agglomeration and polycentric patterns that is when the cities are smart and interlinked with the infrastructure The Nigeria News Agency reports the smart cities initiative is driven by the Federal Ministry of Communications in partnership with Afritex Imitative The theme of the summit is Leveraging on Technology Solutions to improve the Efficiency of Cities has in attendance stakeholders in the sector The summit is designed to bring city administrators urban developers and emerging innovations together to develop scalable replicable and measurable solutions to enhance resilience of Nigerian cities The stakeholders participating at the summit include Huawei Nigeria Hwelett Packard Galaxy Backbone MainOne Nigeria SmartCities Plc Others include National Information Technology Development Agency NITDA Nigeria Communication Commission UN Habitats Edited by Grace Yussuf
    Smart cities are connectivity of government services in e-format – MD, HP
     NAN H 74 Connectivity By Perpetua Onuegbu Ibrahim Ishiekwene Abuja Aug 8 2017 Mr Chuks Okpaka the Country Managing Director Hewlett Packard HP Nigeria Ltd says smart cities are all about the connectivity of all the services that government renders in e format Okpaka made this known at the two day maiden edition of the Smart Cities Summit on Tuesday in Abuja The summit brought together multi stakeholders to among others take critical look at the preparedness unique challenges and emerging solutions necessary for sustainable smart city initiative in Nigeria Okpaka said that smart cities meant efficiency of the systems and safety of citizens He however said that for the technologies to impact on the country we must understand test run and localise them to meet the needs of the Nigerians Mr Sonny Echono the Permanent Secretary Ministry of Communications in his welcome address said the communications sector had a vital role to the realisation of the Smart Cities initiative Echono expressed the hope that the summit would focus on the sector s potential for helping to address many problems currently bedeviling the country including issues associated with smart cites Echono said that it would seek to re position Nigeria s communication sector as one of the key drivers of the nation s economy It will also define a strategic roadmap for government on smart cities and provide a common platform for the sector stakeholders to share a common vision for smart cities development in the country To succeed in making Nigerian home offices schools benefit for cities smart we have to harness opportunities in exponential technologies which include artificial intelligence drones big data and block chain he said Mr Tank Li the Managing Director Huawei the main sponsor of the summit said that the organisation was committed to building technologies that would enhance the cyber space Li said that Nigeria had enormous potential that would help it leapfrog in technological advancement He added that the summit was one forum to actualise the plan of the ministry within the next 10 years Mr Ademola Aladekomo the Chairman Smart City Plc said there was need to leapfrog relevant technology toward resolving infrastructural deficit in the country We must concentrate on processing packaging and exporting of products rather than exporting raw materials We can achieve this with a framework and models for smart cities in agglomeration and polycentric patterns that is when the cities are smart and interlinked with the infrastructure The Nigeria News Agency reports the smart cities initiative is driven by the Federal Ministry of Communications in partnership with Afritex Imitative The theme of the summit is Leveraging on Technology Solutions to improve the Efficiency of Cities has in attendance stakeholders in the sector The summit is designed to bring city administrators urban developers and emerging innovations together to develop scalable replicable and measurable solutions to enhance resilience of Nigerian cities The stakeholders participating at the summit include Huawei Nigeria Hwelett Packard Galaxy Backbone MainOne Nigeria SmartCities Plc Others include National Information Technology Development Agency NITDA Nigeria Communication Commission UN Habitats Edited by Grace Yussuf
    Smart cities are connectivity of government services in e-format – MD, HP
    Science & Technology5 years ago

    Smart cities are connectivity of government services in e-format – MD, HP

    NAN-H-74

    Connectivity

    By Perpetua Onuegbu/Ibrahim Ishiekwene

    Abuja, Aug.8, 2017 Mr Chuks Okpaka, the Country Managing Director, Hewlett Packard (HP) Nigeria Ltd. says smart cities are all about the connectivity of all the services that government renders in e-format.

    Okpaka made this known at the two-day maiden edition of the Smart Cities Summit on Tuesday in Abuja.

    The summit brought together multi-stakeholders to among others take critical look at the preparedness, unique challenges and emerging solutions necessary for sustainable smart city initiative in Nigeria.

    Okpaka said that smart cities meant efficiency of the systems and safety of citizens.

    He however said that for the technologies to impact on the country, “we must understand, test run and localise them to meet the needs of the Nigerians.’’

    Mr Sonny Echono, the Permanent Secretary, Ministry of Communications, in his welcome address said the communications sector had a vital role to the realisation of the Smart Cities initiative.

    Echono expressed the hope that the summit would focus on the sector’s potential for helping to address many problems  currently bedeviling the country including issues associated with smart cites.

    Echono said that it would seek to re-position Nigeria’s communication sector as one of the key drivers of the nation’s economy.

    “It will also define a strategic roadmap for government on smart cities and provide a common platform for the sector stakeholders to share a common vision for smart cities development in the country.

    “To succeed in making Nigerian home, offices, schools benefit for cities smart, we have to harness opportunities in exponential technologies which include artificial intelligence, drones, big data and block chain,’’ he said.

    Mr Tank Li, the Managing Director, Huawei, the main sponsor of the summit said that the organisation was committed to building technologies that would enhance the cyber space.

    Li said that Nigeria had enormous potential that would help it leapfrog in technological advancement.

    He added that the summit was one forum to actualise the plan of the ministry within the next 10 years.

    Mr Ademola Aladekomo, the Chairman, Smart City Plc, said there was need to leapfrog relevant technology toward resolving infrastructural deficit in the country.

    “We must concentrate on processing packaging and exporting of products rather than exporting raw materials.

    “We can achieve this with a framework and models for smart cities in agglomeration and polycentric patterns that is when the cities are smart and interlinked with the infrastructure.’’

    The Nigeria News Agency reports the smart cities initiative is driven by the Federal Ministry of Communications in partnership with Afritex Imitative.

    The theme of the summit is “Leveraging on Technology Solutions to improve the Efficiency of Cities’ has in attendance stakeholders in the sector’’.

    The summit is designed to bring city administrators, urban developers and emerging innovations together to develop scalable, replicable and measurable solutions to enhance resilience of Nigerian cities.

    The stakeholders participating at the summit include Huawei Nigeria, Hwelett Packard, Galaxy Backbone, MainOne Nigeria, SmartCities Plc.

    Others include National Information Technology Development Agency (NITDA), Nigeria Communication Commission, UN-Habitats.

    Edited by: Grace Yussuf

  •  As part of its observance of the International World Women s Day the Junior Achievers Nigeria JAN has partnered with some influential women to teach primary school pupils the fundamentals of financial literacy In a programme themed Be Bold for Change the organisation seeks to infuse its ideals through the implementation of a Junior Achievement Nigeria programme called JA More Than Money The women taught at the Federal Housing Estate Primary School Victoria Island Primary School Awoyaya Primary School and Ansar Udeen Primary School on March 8 The International Women s Day IWD is an event focused on a global platform that unifies tenacity and drives action for gender parity while celebrating the social cultural economic and political achievements of women In an interview with the press Ms Adaeze Oputa Associate Director of Programmes for Junior Achievement Nigeria said International Women s Day means different things to different people Whatever your objective International Women s Day is the perfect moment for gender focused action Which is why JAN has selected these women based on their inspiring background to go into classroom to empower these youth to take hold of their future JAN s alignment with the IWD sets a tone for JAN s Leadership Empowerment Achievement and Development LEAD Camp for girls designed to inspire and empower young girls to become high achieving women leaders Which also tackles SDG 5 she said The Nigeria News Agency reports that Junior Achievement Nigeria JAN is part of Junior Achievement Worldwide JAWW Established in 1919 JAWW is the world s oldest economic empowerment NGO with a 121 country network Since inception in 1999 JAN has reached over 670 000 students in over 750 schools in 29 locations across the country with the support of 2600 volunteers It is supported by a board of directors Accenture Agile Communications Channels Television CitiBank The Dangote Group First Bank of Nigeria Ltd Deloitte ExxonMobil Oracle Schlumberger and Stanbic IBTC As a global organisation JAN is able to leverage and deliver its unique experiential localised programmess built on JAWW s 3 pillars for success Work Readiness Entrepreneurship and Financial Literacy to in and out of school youth ages 5 27 free of charge Edited by Maharazu Ahmed NAN
    International Women’s’ Day; Junior Achievers Nigeria to support 300 pupils
     As part of its observance of the International World Women s Day the Junior Achievers Nigeria JAN has partnered with some influential women to teach primary school pupils the fundamentals of financial literacy In a programme themed Be Bold for Change the organisation seeks to infuse its ideals through the implementation of a Junior Achievement Nigeria programme called JA More Than Money The women taught at the Federal Housing Estate Primary School Victoria Island Primary School Awoyaya Primary School and Ansar Udeen Primary School on March 8 The International Women s Day IWD is an event focused on a global platform that unifies tenacity and drives action for gender parity while celebrating the social cultural economic and political achievements of women In an interview with the press Ms Adaeze Oputa Associate Director of Programmes for Junior Achievement Nigeria said International Women s Day means different things to different people Whatever your objective International Women s Day is the perfect moment for gender focused action Which is why JAN has selected these women based on their inspiring background to go into classroom to empower these youth to take hold of their future JAN s alignment with the IWD sets a tone for JAN s Leadership Empowerment Achievement and Development LEAD Camp for girls designed to inspire and empower young girls to become high achieving women leaders Which also tackles SDG 5 she said The Nigeria News Agency reports that Junior Achievement Nigeria JAN is part of Junior Achievement Worldwide JAWW Established in 1919 JAWW is the world s oldest economic empowerment NGO with a 121 country network Since inception in 1999 JAN has reached over 670 000 students in over 750 schools in 29 locations across the country with the support of 2600 volunteers It is supported by a board of directors Accenture Agile Communications Channels Television CitiBank The Dangote Group First Bank of Nigeria Ltd Deloitte ExxonMobil Oracle Schlumberger and Stanbic IBTC As a global organisation JAN is able to leverage and deliver its unique experiential localised programmess built on JAWW s 3 pillars for success Work Readiness Entrepreneurship and Financial Literacy to in and out of school youth ages 5 27 free of charge Edited by Maharazu Ahmed NAN
    International Women’s’ Day; Junior Achievers Nigeria to support 300 pupils
    Entertainment6 years ago

    International Women’s’ Day; Junior Achievers Nigeria to support 300 pupils

    As part of its observance of the International World Women’s Day, the Junior Achievers Nigeria (JAN), has partnered with some influential women to teach primary school pupils the fundamentals of financial literacy.

    In a programme themed: “Be Bold for Change’’ the organisation seeks to infuse its ideals through the implementation of a Junior Achievement Nigeria programme called – JA More Than Money.

    The women taught at the Federal Housing Estate Primary School, Victoria Island Primary School, Awoyaya Primary School and Ansar Udeen Primary School, on March 8.

    The International Women’s Day (IWD) is an event focused on a global platform that unifies tenacity, and drives action for gender parity, while celebrating the social, cultural, economic and political achievements of women.

    In an interview with the press, Ms. Adaeze Oputa, Associate Director of Programmes, for Junior Achievement Nigeria said “International Women’s Day means different things to different people.

    “Whatever your objective, International Women’s Day is the perfect moment for gender-focused action.

    “Which is why JAN has selected these women based on their inspiring background to go into classroom to empower these youth to take hold of their future.

    “JAN’s alignment with the IWD sets a tone for JAN’s Leadership, Empowerment, Achievement and Development (LEAD) Camp for girls designed to “inspire and empower young girls to become high achieving women leaders.

    “Which also tackles SDG 5,’’ she said.

    The Nigeria News Agency reports that Junior Achievement Nigeria (JAN) is part of Junior Achievement Worldwide (JAWW).

    Established in 1919 JAWW is the world’s oldest economic empowerment NGO with a 121 country network.

    Since inception in 1999, JAN has reached over 670,000 students in over 750 schools, in 29 locations across the country with the support of 2600 volunteers.

    It is supported by a board of directors: Accenture, Agile Communications, Channels Television, CitiBank, The Dangote Group, First Bank of Nigeria Ltd, Deloitte, ExxonMobil, Oracle, Schlumberger and Stanbic IBTC.

    As a global organisation, JAN is able to leverage and deliver its unique, experiential, localised programmess—built on JAWW’s 3 pillars for success: Work Readiness, Entrepreneurship and Financial Literacy to in and out-of-school youth ages 5-27 free of charge.

    Edited by: Maharazu Ahmed
    (NAN)

naijanew bet9j voahausa bitly link shortner Streamable downloader