The death of farmers in Borno State over the weekend at a time the country is grappling with the humongous challenges in food sufficiency, to say the least, is rather unfortunate.
Monday, November 30, 2020
- Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has reiterated its commitment to the nation’s economic development by fostering international trade. This was disclosed at the recent Africa China Agent Proposition (ACAP) webinar, themed “Advancing Africa-China Trade Opportunities.”
During the session, panellists discussed the challenges which confronted Nigeria-China trade relations as a result of the COVID-19 pandemic, as well as the impact of recent regulatory pronouncements on trade between both countries.
In his welcome address, Dr Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC, said that the organisation remained committed to facilitating trade activities for clients, even in the face of prevailing challenges.
Speaking on the launch of ACAP, Dr Sogunle said: “Stanbic IBTC launched ACAP in May 2019 to boost trade transactions between Africa and Asia, especially China, and helped customers consummate the best business deals without having to travel to China. These were made possible through our parent company, Standard Bank Group, in collaboration with the Industrial and Commercial Bank of China (ICBC).”
Asides growing the nation’s Gross Domestic Product (GDP), Sogunle stressed that the Africa-China trade has potentials to create more jobs and reduce poverty. He urged participants to take advantage of ACAP, which will give them the exclusive access to an array of exporters in China through an accredited agent, Zhejiang International Trading Supply Chain Co Ltd, also known as Guamao.
Guamao is a China-based agent appointed by ICBC and Standard Bank to assist African importers execute trade seamlessly with China. Presently, Guamao has about 35,000 linked suppliers.
Ralph Deng, General Manager, Guamao, described the firm as an expert in procuring all kinds of products, raw materials and goods, with no restrictions in terms of size or volume of imports.
To free up cash-flows and help customers get more products with a reduced down payment to suppliers, Deng noted that a structured payment could be agreed on before an initial upfront payment is made.
He said that full responsibility will be taken to rectify any default on behalf of the client, and that assistance can be given in providing a Chinese government invitation letter and help with logistics arrangements if the customer intends to travel to China to see suppliers.
Luthando Vuba, Head, Africa-China Trade, Standard Bank Group, highlighted the benefits of ACAP as easy sourcing of suppliers and goods, seamless negotiations, guaranteed quality and logistics convenience, amongst others.
Speaking on the ease of making payments, Sunny Gao, Head, Strategic Corporation China, Standard Bank Group, expressed availability of Letter of Credit (LCs), Bills or Telegraphic transfers, depending on the importer’s preference.
He said: “We issue Renminbi Letter of Credit (RMB LCs) to make payments for goods procured under ACAP which eradicates the need to source foreign currency, thereby resulting in faster transactional turnaround time.”
Other panellists at the session were Gbolahan Taiwo, Regional Economist, Stanbic IBTC Bank PLC and Alastair McDougall, Chief Executive Officer, Avery Nigeria Limited.
In his closing remarks, Wole Adeniyi, Chief Executive, Stanbic IBTC Bank PLC, said that the Bank gives its customers a competitive edge over other players and grow their business volumes.
He said: “Our goal is to become the ‘go-to’ Bank as far as global trade is concerned, with emphasis on Africa-China trade. This proposition is of immense value to our clients and will help us achieve our fundamental purpose, which is to drive Africa’s growth.”
Wole Famurewa, the presenter of CNBC Africa’s daily markets programme, ‘Closing Bell West Africa’, moderated the session.
For further information, send an email to AfricaChinaBankingCentre@Stanbicibtc.com or +234 1 422 0006.
Although 2023 is still a long way to go from now but the Lord who sees the future before it comes to reality speaks to his prophets beforehand. This best describes the message of popular Prophet, Primate Ayodele to the All Progressive Congress in Lagos about Governor Babajide Sanwoolu.
Following the ugly slaughter of about 43 farmers in Borno yesterday, A frontline Civil Rights Advocacy group HUMAN RIGHTS WRITERS ASSOCIATION OF NIGERIA (HURIWA) has outrighty condemned the act, while blaming the government for not funding the Nigerian army enough to battle insecurity in Nigeria.
Pan-African financial institution, United Bank for Africa (UBA) Plc, carted two highly coveted laurels at the BusinessDay’s Bank and other Financial Institutions Awards (BAFI) winning the Bank of the Year and the International Bank of the Year at the glamorous event held over the weekend.
. This tune was produced by Lightbeatz Classiq and also co-written and produced by Unique kings. Unique Kings is a prolific songwriter, producer and digital distributor. Go listen and don’t forget to drop your comments
The Oyo State Commissioner of Police, CP Joe Nwachukwu Enwonwu, psc, having observed and evaluated futuristic trend of the dastardly acts evident in the killing, burning and vandalisation of Police men and facilities respectively during the EndSARS protests, called a meeting with the leaders of various Motorcycle and Tricycle Riders Association in the state on Wednesday November 25, 2020.
Sunday, November 29, 2020
The Foundation for Civilian Peace in Nigeria (FCPN) has keyed into Peace building and crisis prevention strategy of President Muhammadu Buhari administration towards tackling insecurity in the country.
COVID-19: FIRSTBANK LAUNCHES NEXT-GENERATION ATM, SPEARHEADS INNOVATION IN ELECTRONIC BANKING IN NIGERIA
In the light of COVID-19, FirstBank has launched the FastTrack ATM, a Next Generation ATM and first of its kind in Africa, designed to promote financial activities on the ATM devoid of any form of physical interaction with the machine. The introduction of the FastTrack ATM which is done in partnership with Inlaks enables customers carry out cash withdrawals without having to touch the interface of the ATM.
Lagos politician and business man, Otunba Kehinde Oloyede Almaroof early this morning surprised his wife whose birthday is today by giving her a magnificent house in Lekki area of the state and a venza car.
The National Association of Online Security Reporters, NAOSRE, an association made up of the finest hands in Nigeria’s security reportage, heartily congratulates Ibikunle Daramola, Nigerian Air Force, NAF Spokesperson, on his well deserved promotion from the rank of Commodore to Air Vice Marshall.
Saturday, November 28, 2020
L-R: Tunde Lawanson, Head, Marketing and Corporate Communications, FBN Holdings Plc, Ugochi Onuekwusi, Human Resources Officer, Rev. Oluwayomi Uteh, General Manager, Operations TREM, Oyinade Kuku, Head, Human Resources, FBN Holdings Plc and Douglas Elisha, Technical Assistant to the GMD, FBN Holdings Plc at The Great Place To Work Awards held at Marina, Lagos on Friday which had FBNHoldings winning the Best Place to Work for Millennials and Women, Best in Leadership Practice, and 2nd Best Place to Work. The financial holdings group also received Platinum certification as a Great Place to Work.
FBNHoldings Group has won big at the 2020 Great Place To Work Award ceremony held last week Friday in Lagos. The Holdings Company along with its subsidiary companies; First Bank of Nigeria Ltd, FBNQuest Merchant Bank and FBNQuest Capital won various awards at the prestigious event.
Nollywood industry has gotten another boost internationally with the Award For Excellence In Cinema, to one of African greatest movie maker, Ambassador Lancelot Oduwarene Imasuen by the Marwah Studios International New Delhi India.
L-R; President of the Nigerian Boxing Board of Control (NBB of C), Mr. Rafiu Ladipo; Best Boxer GOtv Boxing Night 21, Rilwan "Babyface" Babatunde; Public Relations Manager, GOtv, Jennifer Ukoh and Director-General, Lagos State Sports Commission, Mr. Gafaar Oluwatoyin Bolowotan, presenting the best boxer award at the GOtv Boxing Night 21 on Friday
Rilwan “Babyface” Babatunde, on Friday, emerged the best boxer at GOtv Boxing Night 21,
which held at the Rowe Park Sports Centre in Lagos. The West African Boxing Union welterweight champion went home with the Mojisola Ogunsanya Memorial Trophy and the N1 million cash prize attached to the prize.
Football fans can look forward to watching their favourite sport live on GOtv, as SuperSport promises live action from the 2020/21 Premier League, La Liga and Serie A seasons with matches scheduled for 28-30 November 2020
Friday, November 27, 2020
The Chief of Army Staff, Lieutenant Tukur Buratai has congratulated newly promoted Nigerian Army Spokesman, Sagir Musa, who was among the officers promoted from Colonel to Brigadier General on Wednesday.
The Army Council has on Wednesday the 25th of November 2020, approved the promotion of senior officers to the next ranks of Major General and Brigadier General respectively. A total of 39 Brigadier Generals are lucky to be meritoriously promoted to Major General, while 97 Colonels have also been elevated to Brigadier General accordingly.
The decision of the US Supreme Court to block further coronavirus restrictions in New York State places of worship – established after a deciding vote by new Supreme Court Judge, Amy Coney Barrett – correlates with Nigerian Prophet TB Joshua’s viral prophecy on the American elections.
Prince Chinedu Munir Nwoko, mostly known in the business, entertainment and political circles as Ned Nwoko, has become Grand Patron to the National Association of Online Security Reporters, NAOSRE, , an association made up of the finest hands in Nigeria’s security reportage.
Thursday, November 26, 2020
*By Obafemi Babajide
At a time the nation became stuck in the frailties of leadership, especially vibrant, youthful and purposeful one's; the yearnings for a Moses, who despite human shortcomings, will lead Kogi and Nigeria out of the dangerous moat, is audible to the deaf and clearer to the blind.
Wednesday, November 25, 2020
Ahead of the forthcoming Lagos-East Senatorial election on Saturday, December 5, 2020, Lagosians and well-meaning observers are raising salient concerns that seem to question the integrity and reliability of the candidate presented by the People’s Democratic Party, PDP, Babatunde Olalere Gbadamosi as he goes shoulder to shoulder with the All Progressive Congress, APC’s candidate, Tokunbo Abiru.
Afro Rockstar and Social Justice Crusader, Ayokanmi Oluwasegun Eyanro professionally known as Frequencie has called for introduction of fresh laws and strict implementation of existing ones to protect women and girl child against violence in Nigeria.
Army professionalism has curbed Nigeria’s multiple Security Challenges, Buratai Commends Officers and Soldiers
The Chief of Army Staff, Lt. Gen Tukur Yusuf Buratai has given a thumbs up to officers and soldiers of the Nigerian Army fighting in various theatres of Operation and other security threats for admirably rising up to the challenges and successfully bringing the situations under control.
Tuesday, November 24, 2020
The Lagos State Police has arrested one Jemila Ibrahim,f, 19 year old, and her friend, Fatima Mohammed, f, 21 years, of Monkey Village, Festac Area, Lagos, for setting ablaze the house of one Mohammed Yusuf, m, of Monkey Village, Lagos State, and his girlfriend, Rabi, f, on 18th November, 2020 at 5.30pm.
Following the resolutions reached at the EARLIER meeting of the Major Oil Marketers of Nigeria (MOMAN) and the National Association of Road Transport Owners (NARTO) renewal workshop held on 24 September, 2020 at IBETO Hotel Abuja in the face of frequent cases of road traffic crashes involving petroleum tankers and trucks leading to wanton destruction of lives and property in the country,
A Sunday report by an online media, claiming there was another attack by Boko Haram on the convoy of Borno Governor, Professor Babagana Umara Zulum, is false. There was neither an attack on the governor directly nor on any component of his convoy.
Monday, November 23, 2020
It’s A Temporal Trial, Be Courageous’ – Primate Ayodele Sends Message To Prophet Israel Oladele Genesis
The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has sent a strong message to the Shepherd-In-Charge of CCC Genesis Parish, Prophet Israel Oladele who was sent to jail some days ago on charges that has to do with fraud.
Sunday, November 22, 2020
The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, on Sunday admonished religious leaders in Nigeria to play positive roles that would help advance the country.
Spotlight African Network, in conjunction with Lagos Waste Management Authority (LAWMA), today organised an award event, to celebrate and reward women sweepers in Lagos State, who have shown exceptional qualities in the discharge of their duties.
Saturday, November 21, 2020
Unity Bank Plc has declared gross earnings of N33.906 billion for the nine months period ended September 30, 2020 and also recorded a 44% asset growth during the period.
Friday, November 20, 2020
Thursday, November 19, 2020
Lagos, Nigeria, November 19, 2020: Sterling Bank Plc, a full service national commercial bank, has reported a trading income of N7.1 billion for the third quarter ended September 30, 2020 compared with N1.9 billion for the corresponding period of 2019, representing an increase of 264.7 percent.
The CEO Peace Global Satellite Communication, Barrister U. Oreye has called on the Senate Committee on Banking, Insurance and other Financial Institutions to call AMCON to order as the said body is planning to illegally hijack his Peace Hotels Limited, located at Omole, Ikeja,Lagos from him.
The CFO of International Service Group (ISG) and Partners, an international outfit that mainly funds infrastructural projects of Africa governments and entrepreneurs in the continent, Mr Mike Tuinstra, has silenced insinuations that Africa is a hopeless continent, just as he stressed the need for the Africa continent to develop a long term vision to make for growth.
Wednesday, November 18, 2020
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its variant account products – KidsFirst and MeFirst – created to encourage the right savings culture among children from 0 – 17 years. The offerings have relevant enhancements including appropriate parental guidance and financial discipline for children as they grow into adulthood. Both accounts can be opened with zero balance and operated with a minimum balance of N100.00.
This is to officially inform the general public that The Almighty Olodumare has blessed the House Oduduwa with a crown Prince as our mother Yeyeluwa, Olori Silekunola Naomi Ogunwusi gave birth to a bouncing baby boy at the early hours of this morning, Wednesday 18th November 2020.
Tuesday, November 17, 2020
...Recover Incriminating Items, Drugs
In its bid to solidify the security architecture of Lagos State, the Lagos State Police command has relaunched its Anti Crime Strategies to curb crimes and criminality across the state.
Monday, November 16, 2020
The Arole Oduduwa & Ooni of Ife, Ooni Adeyeye Enitan Ogunwusi Ojaja II, on Sunday applauded his Special Adviser on Youth Development and Wealth Creation, Olamide Awosunle as he (Awosunle) commemorate his 40th years birthday anniversary.
Not much is known about popular prophet, Primate Elijah Ayodele’s personal life, even though many have been digging to know about his upbringing.
April 12, 2021. The Nigerian Guild of Investigative Journalism (NGIJ) has concluded plans to host its maiden Investigative Journalism se...
*....Pseudo Company introduced to help Diversion of Fund* There's ongoing serious grumbling among top echelons staffers of Kwara State...
By Ahmed Olusile The conception, birth and ministry of Jesus Christ were nothing shrouded in secrecy. Long before each of the phases in ...
Fresh revelations emerging from the UNILAG crisis have exposed Dr Wale Babalakin, the ProChancellor of allegedly falsifying voting...