Connect with us

Business

PhotoNews: LCCI President Visits Association Of German Chambers Of Commerce And Industry (DIHK) In Berlin, Germany

Published

on

LCCI President Visits Association Of German Chambers Of Commerce And Industry (DIHK) In Berlin, Germany

Olushola Okunlade Writes

The President of the Lagos Chamber of Commerce (LCCI), Dr. Michael Olawale-Cole, CON, has paid a courtesy visit to the Association of German Chambers of Commerce and Industry (DIHK) in Berlin, Germany.

Asiwaju Dr. Michael Olawale-Cole, CON met Mr. Heiko Schwiderowski, Director of the Africa section of the Association of German Chambers of Commerce and Industry (DIHK) during a courtesy visit to the Association of German Chambers of Commerce and Industry (DIHK) in Berlin, Germany on Thursday, September 28, 2022.

LCCI President Visits Association Of German Chambers Of Commerce And Industry (DIHK) In Berlin, Germany
President of the Lagos Chamber of Commerce (LCCI), Dr. Michael Olawale-Cole, CON, and Mr. Heiko Schwiderowski, Director Africa Section of the Association of German Chambers of Commerce and Industry (DIHK) during a courtesy visit to the Association of German Chambers of Commerce and Industry (DIHK) in Berlin, Germany on Thursday, September 28, 2022.
LCCI President Visits Association Of German Chambers Of Commerce And Industry (DIHK) In Berlin, Germany
President of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Michael Olawale-Cole, CON, and Mr. Edgar Zedler Head of Regional Affairs NUMOV/ German Near and Middle East Business Association during a visit to the Association office in Berlin, Germany on Thursday, September 28, 2022.

Business

Giving.NG Partners Shoprite Nigeria On 40 Days Of Giving Campaign

Published

on

Giving.NG Partners Shoprite Nigeria On 40 Days Of Giving Campaign

By Moninuola Sulaiman

Giving.NG is partnering with Shoprite Nigeria on the “40 Days of Giving” campaign, aimed at inspiring people and organizations to spread kindness and treat it as an everyday thing, rather than a seasonal activity.

Giving.NG, Africa’s first and only free crowdfunding platform, has announced that it will begin a campaign in November to assist less privileged Nigerians and honor organizations and people carrying out exceptional, social impact work nationwide.

The campaign, themed “40 Days of Giving,” is being launched in partnership with Africa’s largest fast-moving consumer goods retailer, Shoprite Nigeria, and is expected to span the Christmas season and into the New Year.

Traditionally, the Christmas season is known to be a season of giving, with statistics showing that most donations are made during this time. Most people use the season to appreciate people who have been there for them all year round or give back to the less privileged. The 40 Days of Giving campaign plans to tap into this existing trend in a way that encourages people to give and creates a chain of giving that goes beyond the festive season.

Speaking about the campaign, Sterling One Foundation’s CEO, Olapeju Ibekwe explained that this was a much-needed campaign considering how tough the year has been, alongside the huge loss by the recent flood crisis in at least 32 states of the country.

In her words; “This campaign is about getting as many people as possible to join us in lending a helping hand to vulnerable Nigerians while supporting those changemakers who have been on the frontlines doing the same all year round. For each day of the campaign, we want to support at least one person, selected through an online nomination with their next meal, resources to restart their small business, or just new clothes. We just want to spread kindness to many people daily.”

The 40 Days of Giving campaign is expected to kick off on November 29, 2022, the last Tuesday of November, is recognized globally as Giving Tuesday and runs until January 7, 2023. As part of the campaign, people can donate money to a fundraiser on the Giving.NG platform or items at designated points, including Shoprite stores nationwide.

Commenting on their partnership to execute this, Shoprite Nigeria’s Head of Marketing, Kunle Abiola stated that the campaign is a laudable initiative that has a lot of potential to bring change into people’s lives. In his remarks, he said;
“Beyond want the items donated can do for the beneficiaries, we are keen on the hope that these acts of kindness can spread among Nigerians. We are giving our shoppers an opportunity to be part of a very noble initiative and we know they will buy into it.”
With this partnership, shoppers can buy items at any Shoprite store across the country and drop them off at designated points in the store from where they will be collected and redistributed to selected NGOs or given out in-store as a paid-forward gesture to other shoppers. Some of the beneficiaries nominated online will also receive shopping vouchers which they can redeem at any Shoprite store closest to them.

Both brands are also hopeful that they can grant as many wishes as they can from the nominations and requests they will receive, even as they look forward to having Nigerians join them in playing ‘Everyday Santa’ and spreading kindness.

Know More About Giving.ng: Giving.ng is Africa’s first free crowdfunding platform with a focus on projects around health, education, gender equality, food security, and climate action. Established by the Sterling One Foundation, the platform provides finishing grants to organizations and individuals who launch fundraising campaigns on it and access to expert and volunteer support for project implementation. In addition, Giving.ng enables long-term commitment to projects through a recurring donation feature, allowing donors to support certain projects and initiatives with consistent monthly, quarterly, or yearly donations.

Know More About Shoprite Nigeria: Retail Supermarkets Nigeria Limited (RSNL) is the operator of the Shoprite franchise in Nigeria. Since opening the first Shoprite Nigeria store in December 2005, the company has redefined the landscape of retail markets in Nigeria, currently running a hypermarket chain of 25 outlets across 12 states and the Federal Capital Territory, Abuja. Having been fully acquired in 2021, the company plans to add new stores to its chain to optimize visibility and distribution for a wide variety of Nigerian-made products, fresh produce direct from local farmers, and international brands.

Continue Reading

Business

Comedian Alhaji Musa Appeals To CBN Governor For BDCs At 57th CIBN Bankers’ Dinner

Published

on

Comedian Alhaji Musa Appeals CBN Governor For BDCs At 57th CIBN Bankers' Dinner

…allow BDCs to commence legitimate operations – Alhaji Musa

Rashidat Olushola Writes

A comedian Alhaji Musa neduwazobia as popularly known has begged the CBN Governor, Mr. Godwin Emefiele on behalf of the BDC operators at the 57th CIBN Bankers’ Dinner.

The comedian neduwazobia intercedes for the Association of Bureaux De Change Operators of Nigeria (ABCON) while discharging his duties to put some smiles and laughter on the faces of guests at the event, and begged the CBN Governor to tamper justice with mercy.

He appealed to the Central Bank of Nigeria (CBN) to allow Bureaux De Change (BDC) operators to continue to sell dollars to retail end to foreign exchange (forex) buyers.

Chinedu Ani Emmanuel known as Alhaji Musa is a Nigerian personality on the air, a journalist, a television presenter, an actor, a comedian, and a content creator. He is famous for adding a unique twist to his pidgin interpretation of daily news on the popular Wazobia FM 94.1 Lagos radio station.

Teni Makanaki thrilled the guests on a digging dance floor with her performance at the 57th Annual Bankers Dinner.

Comedian Alhaji Musa Appeals CBN Governor For BDCs At 57th CIBN Bankers' Dinner
Comedian Alhaji Musa Appeals CBN Governor For BDCs At 57th CIBN Bankers' Dinner
Comedian Alhaji Musa Appeals CBN Governor For BDCs At 57th CIBN Bankers' Dinner
57th CIBN Bankers’ Dinner: "Inflation Is Also Driven By Local Factors" - Emefiele
Mr. Godwin Emefiele, CBN Governor.

Godwin Emefiele, Governor, Central Bank of Nigeria (CBN) says the number of Nigerians seeking foreign education is to blame for the fall of the naira.

Emefiele said this at the 57th Annual Bankers Dinner, organised by the Chartered Institute of Bankers Nigeria (CIBN), in Lagos on Friday 25th of November 2022.

The dinner had the theme, “Radical Responses to Abnormal Episodes: Time for Innovative decision-making” which was appropriate and well-timed.

According to Emefiele, there was a tremendous increase in visa issuances to Nigerians by the United Kingdom in 2022 alone. Central Bank Governor, Emefiele blames Nigerians traveling to the UK, US, and others for education for Naira fall.

The apex bank governor noted that the number of student visas given to Nigerians by the United Kingdom spiked from a yearly average of about 8,000 visas in 2020 to almost 66,000 in 2022, implying an eight-fold increase amounting to $2.5 billion yearly in study-related forex outflow to the UK alone.

He stated that the move had immensely put pressure on Nigeria’s foreign reserves and the Naira.

CBN Governor said, due to this and the need to increase forex earnings, the CBN and the Bankers’ Committee started the RT200 scheme in February 2022.

He added that the steady increase in headline inflation from 15.60 per cent in January to 20.77 per cent in September was consistent with global trends.

Comedian Alhaji Musa Appeals CBN Governor For BDCs At 57th CIBN Bankers' Dinner
Comedian Alhaji Musa Appeals CBN Governor For BDCs At 57th CIBN Bankers' Dinner
Comedian Alhaji Musa Appeals CBN Governor For BDCs At 57th CIBN Bankers' Dinner

Recall that the Central Bank of Nigeria (CBN), on July 27, 2021, announced the ban of dollar sales to BDCs as a result of foreign exchange infractions, and pushed genuine demand for forex to commercial banks.

Emefiele in July 2021 said the measure is not punitive on anyone, but it is to ensure the CBN is able to carry out its legitimate mandate of serving all Nigerians.

The Central Bank of Nigeria on July 27 2021 says it has ended the sales of forex to Bureau De Change operators, saying the parallel market has become a conduit for illicit forex flows and graft. CBN also said it will no longer process applications for BDC licences in the country. Weekly sales of foreign exchange by the CBN will henceforth go directly to commercial banks, the CBN governor, Godwin Emefiele, said on Tuesday in a live TV broadcast after announcing that the bank has retained its benchmark policy rate.

The BDC operators claim they remain the most potent tool for the CBN to achieve its forex rate management.

The Association of Bureaux De Change Operators of Nigeria (ABCON) National Executive Council (NEC) recently appealed to the CBN to revisit the stoppage of dollar sales to the BDCs to bring lasting stability to the Naira.

ABCON said Nigeria needs to balance fiscal sustainability with the need to mitigate the effects of these overlapping crises on the poorest citizens. The excruciating pressure on commodities especially oil and gas globally is not exonerating the poor in Nigeria.

Teni electrifies the guest with her performance at the 57th Annual Bankers Dinner.
Dr. Ken Opara FCIB, President CIBN.
Teni electrifies the guest with her performance at the 57th Annual Bankers Dinner.
Comedian Alhaji Musa Appeals CBN Governor For BDCs At 57th CIBN Bankers' Dinner
Comedian Alhaji Musa Appeals CBN Governor For BDCs At 57th CIBN Bankers' Dinner

Continue Reading

Business

Corpreneurship Challenge: Unity Bank Splashes N10M Grant On 30 Corps Members

Published

on

Corpreneurship Challenge Unity Bank Splashes N10m Grant On 30 Corps Members

Olushola Okunlade Writes

Unity Bank Entrepreneurship Development Initiative – Corpreneurship Challenge, targeted at empowering fresh graduates and Corp Members on one-year compulsory national youth service has, in its ninth edition of the Corpreneurship Challenge held across 10 States recently, doled out N10 million grant to 30 winners.

The winners emerged after a business pitch presentation held across 10 States; namely, Rivers, Delta, Sokoto, Edo, Abuja, Akwa-Ibom, Osun, Kano, Bayelsa, and Enugu, with each state producing three winners who took home cash grants of N500,000, N300,000 and N200,000.

The winners of this ninth edition included Corp Members focusing on developing entrepreneurship in renewable energy, fashion, beauty, agro-processing, confectionaries, etc.

Corpreneurship Challenge Unity Bank Splashes N10m Grant On 30 Corps Members
Left-Right: 2nd Prize Winner – Ilesanmi Olamide Phebe, 1st Prize Winner – Muoneke Gift & 3rd Prize Winner – Ekanem Moses Idorenyin – Winners of the recently held Corpreneurship Challenge Initiative at the NYSC Camp Rivers State.

Some of the winners at the Rivers State NYSC Orientation camp at Nonwa Gbam Tai included Muoneke Gift, whose business plan on renewable energy took home the grand prize of N500, 000; followed by Ilesanmi Olamide’s business proposal on beauty services to claim the N300, 000-business grant for first runner up. Ekanem Moses Idoreyin’s confectionary business proposal took home the N200, 000 grant.

The winners emerged after their business plans were assessed by a panel looking out for business ideas that demonstrate originality, marketability, future employability potential of the product, and knowledge of the business.

The Unity Bank Corpreneurship Challenge has gradually joined the league of some of the most impactful, youth-focused entrepreneurship development initiatives in Nigeria, empowering no fewer than 100 young entrepreneurs over the past three years.

Recently, one of the beneficiaries in Sokoto, Beulah Yusuf, who emerged as second runner-up in one of the editions successfully launched her recycling business with the grant received from the Bank. She unveiled her products widely acclaimed for addressing environmental pollution and waste management inefficiencies, underscoring the Bank’s motivations to sustain the initiative.

Corpreneurship Challenge Unity Bank Splashes N10m Grant On 30 Corps Members
Left-Right: 2nd Prize Winner – Ilesanmi Olamide Phebe, Unity Bank Plc Regional Manager, Port Harcourt/Uyo Region – Mr. Etop Uma Ukpe, 1st Prize Winner – Muoneke Gift NYSC State Co-ordinator – Mr. George Mfongtari, & 3rd Prize Winner – Ekanem Moses Idorenyin during Unity Bank Corpreneurship Challenge Business Pitch Presentation held at the NYSC Orientation Camp, Rivers State recently

Speaking during the finale at Rivers State NYSC Orientation Camp recently, the Group Head, Retail, E-Business, and SME Banking, Unity Bank Plc, Mr. Olufunwa Akinmade, said the Bank was delighted with the impressive records the Corpreneurship Challenge has pulled so far.

“When we launched the initiative in 2019, we set out to empower the next generation of entrepreneurs that will disrupt the job market by creating much-needed jobs across all sectors. Today, we have come a long way and the Corpreneurship Challenge has lived up to its billing.”

Represented by Regional Manager, Port Harcourt Region, Unity Bank Plc, Mr. Eto Ukpe, Akinmade reiterated the Bank’s commitment to sustaining the initiative and mainstreaming the Corpreneurship Challenge as a reliable and impactful entrepreneurship and business empowerment and mentorship program in the country.

“What we have today in the labour market is far from the ideal. However, it is not enough to keep complaining. We must make lemonade out of lemon. We believe that the Corpreneurship Challenge has proved to be one of the most creative approaches to tackling the intractable crisis we have in the job market in Nigeria.”

“Our goal is to expand this program to all 36 states and sustain it for as long as possible to achieve record impact. We continue to encourage the winners to continue to learn the rudimentary lessons necessary to build a successful business. We emphasize that the budding entrepreneurs who take part in this initiative constantly think about the challenges they will face and put the same energy they all have displayed in preparing for this contest in their businesses as they face their post-service year ahead.”

The Corpreneurship Challenge, which has earned the Bank national recognition for its impact on youth empowerment and job creation, has continued to elicit growing interest among the corps members, attracting over 2000 applicants and participation in every edition. 

In partnership with the NYSC Skill Acquisition and Entrepreneurship Development, SAED, the initiative prominently features a business pitch presentation that provides the participants with the opportunity to present their business plans and stand a chance to win up to N500, 000 cash in the business grant. 

So far, Unity Bank has invested over N100 million in the initiative which has now produced 118 winners since it was launched in 2019.

Continue Reading

Trending