Friday , 24 October 2014
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Category Archives: Business

Make 1.2 Million Monthly, Hidden Secret Revealed

naira money

It’s the INFORMATION age coupled with the jet age. A lot of things have changed as against the old school ways. In the past, we were told to “go to school, secure First Class or Second Class Upper, get a good job, and you will live a good life.”

         In reality, this isn’t the case anymore. In the 1970s, 80s and even the 90s, the above statement was valid. You know why? Before you write your final exams, good companies would have lined up to employ you. The reason is obvious.

        There were lesser graduates then and there were
many Companies in Nigeria back then.

       But now, the reverse is the case. For this reason, many Young Nigerians have to find their square roots. Securing a First Class’ Degree is no longer a guarantee that you will have a dream job and live a great life. Fact!

       It’s the INFORMATION age and internet marketing is booming if you learn the ins and outs. Dozens of Nigerian youths have made names for themselves using the power of the internet. I am going to pick on some of these young Nigerians who are doing really great and expose their success secrets to you in this article.

        Their achievements in a single year is worth more than what an average Nigerian (take a banker who earns 200k/mnt as example) will earn in 5years. It’s amazing when you see young hardworking guys earning legitimately online.

       I can personally count a dozen of these guys that recently bought their first car or added another car to their garage. They all have a hidden secret! A positive one that you and i can explore to also achieve greatness soonest.

     There is a secret behind these young Nigerian Internet Marketers changing and Buying cars like t-shirts. Many wouldn’t reveal the hidden secret but, i will!

 Yahoo Yahoo? No!

       Funny enough, when you and i hear about making money online, the first thing that comes to mind is yahoo yahoo. You have been sold the lie! Because of the activities of criminals/ scammers online in the early years of the advent of Internet in Nigeria, many have mistaken anything online money making as scam or illegality.

 Genuine and Legitimate Internet Biz…

      If the owner of FACEBOOK, GOOGLE, TWITTER, FIVERR etc earns legitimate income online, Nigerians also earn Legitimate income online.

      The list of guys i have above include those YOUNG NIGERIAN NETPRENUERS who pride themselves doing legitimate, clean and profitable internet biz.

 What are these guys’ Secrets?

       They (we) are all into Information Marketing. Believe me or not, that’s theHIDDEN SECRET. Many of these guys don’t reveal this to you except you are smart enough to pick the idea by understudying them.

      You may want to ask “what is information marketing?”

       A quick search on google.com for the web definition gives Information Marketing as “The process of selling information-based products.”   

Take for example, you may create a simple 13page Information product (ebook) which teaches:

  •  how to get loan up to N200,000 from microfinance bank

  • how to import goods from abroad and sell for profit

  • how to satisfy your woman in bed

  • how to cure mouth odour

  • how to secure admission into foreign schools

  • how to make money watching football

(The funny thing is that you may not personally create any of the information product yourself)

 You’ll be rich!       

        Once you have the information product, a website in place and you learn different ways of advertising your information products to your target audience, a fraction of them will buy your information product and guess what? You’ll be rich!

       Take for example, i created a product “A-z of importation biz guide“.

        I sell for N6,500. I have a website where i sell it. In a month, i got 10,000 traffic to my website. Out of every 200 visitors to my website, i make a sale. In 10,000 visitors, i will make 50 sales. This means i can earn N6,500 x 50 = N325,000.

     What if i had up to 20,000 visitors to my website  in that single month? It means my income could double to N650,000.

What if i have 2, 3 or 4 different INFORMATION PRODUCTS i sell that bring that kind of result?

Can you now see how these guys earn good income online and change cars like t-shirt?

      Honestly,

       These guys weren’t born with this knowledge that now fetch them good income online and make them live their dream lives.

       If you would love to learn all that INFORMATION MARKETING entails within the next 7days via my daily newsletter,

  • The Tricks,

  • The Strategies

  • The Technique and

  • The marketing skills

Dangote Conquers Dubai With Multibillion dollars Investments

aliko dangote

Africa’s richest man, Alhaji Aliko Dangote, said further deals with the Investment Corporation of Dubai might run into billions of dollars after the Emirati holding company invested $300m in his cement business last month.

“We have also agreed to invest in other ventures in oil and agriculture,” Dangote said on Wednesday in an interview at a conference in Dubai, according toBloomberg News.

“They already have a seat on our board. This could run into billions of dollars. There are a lot of opportunities that we are looking at with ICD.”

ICD is exploring opportunities to work with the Nigerian billionaire after taking an unspecified holding in Dangote Cement Plc last month, its first major Africa investment, ICD Chief Executive Officer, Mohammed Al Shaibani, also said on Wednesday in Dubai.

The company is diversifying its investments, which include Emirates airline and Emaar Properties.

Dangote, whose cement and commodities businesses built him a $23.1bn fortune, according to the Bloomberg Billionaires Index, partnered with the private-equity firms Blackstone Group and Carlyle Group in August for Africa investments.

He is planning to spend about $3bn to boost production of sugar and rice at his companies, he said.

Dangote’s cement business, the biggest producer in Africa, has the capacity to produce 29 million tonnes in Nigeria and is planning to expand in 13 other countries on the continent.

The billionaire is bidding for gas assets in Nigeria, Africa’s largest economy, to help stem continuing disruptions to his cement plants in the West African nation.

He’s also building a $9bn oil refinery and petrochemical complex in Nigeria’s southwest that is scheduled to be completed in 2016.

“We are looking forward to doing more with Dangote, and we have some things that we are exploring at the moment,” ICD’s Al Shaibani said. “Having the right partner, especially in Africa, is the key thing.”

Nigeria relies on fuel imports to meet more than 70 per cent of its needs. Four government refineries with a combined capacity of 445,000 barrels a day are operating at a fraction of that because of poor maintenance and aging equipment.

Dangote’s businesses offer “huge growth potential and we saw this as the right moment to come in,” Al Shaibani said.

Diamond Bank Launches First Diamond Woman Enterprise Seminar in Ibadan

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Diamond Woman proposition, an initiative by Diamond Bank PLC aimed at empowering women economically, launched the first edition of its Enterprise Seminar in Ibadan, the Oyo State capital, recently. The Seminar, organized in partnership with the Enterprise Development Centre (EDC) of the Pan Atlantic University, provides financial and advisory services, access to market opportunities and networking platforms to female entrepreneurs.

Welcoming participants to the event, Aisha Ahmad, Head, Retail Financial Services, Diamond Bank PLC, said that the idea of the Diamond Woman Enterprise Seminar is informed by Diamond Bank’s desire to ensure that Nigerian women are well empowered to join the growing global female economy.

According to her, “Research shows that about 50 per cent of new businesses are set up by women. Realizing the unique needs of this key segment of the population, Diamond Bank deemed it necessary to empower them with business management skills and networking opportunities to fulfill their life goals.”

“The Diamond Woman Enterprise Seminar provides a unique capacity building platform to better position our female entrepreneurs as they multitask in their various roles as home makers, career women and business owners,” she added.

Anna Gincherman, Chief Product Development Officer, Women’s World Banking, a nonprofit organization that provides strategic support, technical assistance and information particularly to women entrepreneurs in developing countries, lauded Diamond Bank’s efforts at bridging the gaps confronting female entrepreneurs.

She said: “Women’s World Banking is proud to be associated with Diamond Bank for providing access to financial services, financial education and knowledge to Nigerian female entrepreneurs. These are the areas where women entrepreneurs are most challenged and Diamond Bank is bridging the gap.”

Nneka Okekearu, Deputy Director of the EDC, noted that, “a major problem in women-owned businesses is the non-adherence to a systematic pricing structure, which does not augur well for sustainability.” She expressed optimism that the knowledge acquired in the seminar will help the women adopt better practices that will help them make profit and grow their businesses successfully.

The Ibadan event had about 400 women entrepreneurs in attendance. The seminar was themed: The basics of product pricing-getting it right from the beginning.

Keystone Bank’s New Innovation: ATM For Physically-Challenged Customers

Phillip-Ikeazor, keystone bank md

Keystone Bank Limited has introduced Automated Teller Machines for physically-challenged persons in the society.

A statement by the lender quoted its Executive Director, Operations and Technology, Mrs. Yvonne Isichei, as saying that the bank had built its first ATM gallery meant for the physically challenged at its Maryland branch.

Isichei said, “It is all about touching the lives of people, to demonstrate our commitment to financial inclusion as a developmental goal as well as to align with the goal of sustainable banking, which is all about being conscious of the needs of those around its (the bank’s) environment.”

She noted that some bank customers had experienced difficulties using ATMs, especially the physically challenged.

“We want to make financial services accessible. Financial inclusion is about encouraging everybody, taking it near the people as much as possible. It is about our channels and their workability. It is supposed to make life easier,” the Keystone Bank Executive Director explained.

She added that the level of financial inclusion had continued to grow, expressing optimism that the 2020 target of achieving significant improvement in the level of financial inclusion would be met with structures such as the bank’s ATM gallery for the physically challenged.

“We are happy to know that there has been an appreciable progress, but we still have a long way from achieving a 70 per cent financial inclusion, which is the objective of vision 2020,” Isichei said.

The Chairman, Spinal Cord Injuries Association of Nigeria, Mr. Obioha Ononogbu, who was also at the event, urged other banks to emulate the bank.

He said, “The world is for everybody, you don’t have to exclude some people. The disabled should also have the opportunity to benefit from banking facilities.

“The most important aspect is that it is made accessible for people on wheel-chair. I think that is the highlight of this system. This is a very good one for us that are on wheel chairs, so that we can have access and do it ourselves and not depending on anyone.”

Pixs From First City Monument Bank (FCMB) Limited 30th Anniversary Promo Reloaded

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picture 3                                       DSC_08823.                                                                                                                    4.

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Pix 1 caption

From right: First City Monument Bank (FCMB) Limited’s Zonal Head for Owerri, Mr. Okey Ogelle; winner of an LED television at FCMB’s 30th Anniversary Promo Reloaded in the South-east/South-south Regional draw, Mr Idemudia Airuoyuwa and the Commandant of the Nigeria Security and Civil Defence Corp in Edo State, Mr. Mr. Haruna Idris, at the promo draw held in Benin City, Edo state on September 17, 2014.

Pix 2 caption:

From left: One of the winners at the Lagos and South-west Regional draw of the First City Monument Bank (FCMB) 30th  Anniversary Promo Reloaded, Mr. Kolapo Faweya of the Nigeria Prisons Service; the traditional ruler of Iludun-Ekiti, Oba J.K Akinola; FCMB’s Zonal Head for South-west 2, Mr. Adelaja Adeleye and the Bank’s Head of Retail for South-west 2, Mr. Victor Adejimola, at the promo draw held at Ado-Ekiti, Ekiti state on September 17, 2014.

Pix 3 caption:

From left: The Branch Manager, Ado- Ekiti of First City Monument Bank (FCMB) Limited, Mr. Matthew Ofulue; winner of an LED television at FCMB’s 30th Anniversary Promo Reloaded in the Lagos and South-west Regional draw, Corporal Adebayo Hosu; the Bank’s Head of Retail, South-west 2, Victor Adejimola and the FCMB’s Corporate Affairs/Media Relations Officer, Mr. Rafiu Mohammed, at the promo draw held at Ado-Ekiti, Ekiti State September 17, 2014.

Pix 4 caption:

From left: The Executive Director, North, of First City Monument Bank (FCMB) Limited, Mr. Adam Nuru; the winner of N1million at the North Regional draw of the FCMB 30th Anniversary Promo Reloaded, Mr. Chide Oguh Momoh and the Bank’s Head of Corporate Communications/CSR, Mrs. Uchenna Mojekwu, at the promo draw held in Abuja on September 17, 2014.

The third monthly draws of the First City Monument Bank (FCMB) Limited 30th Anniversary Promo Reloaded took place across all the Bank’s Regional and Zonal operations nationwide on Wednesday, September 17, 2014.

 At the end of the electronic selection of winners exercise, 133 customers of the Bank smiled home with cash prizes, LCD televisions sets, generators, DVDs and GOtv decoders at the event that was witnessed by officials of Consumer Protection Council (CPC), National Lottery Regulatory Commission (NLRC) and other dignitaries including community leaders and government representatives.

 The latest customers to win the monthly star prizes of N1 million are Oshodi Taiwo Folusho (Lagos and South-west region), Chide Oguh Momoh (Northern region) and Abanokwu Augustine (South-east/South-south). With the latest winners, FCMB has so far rewarded several customers in the promo ahead of the grand finale draw in October, where three lucky customers will each drive home brand new SUVs. The winners were unanimous in their praises for FCMB and commended the bank for its unblemished history in fulfilling its promise to customers. In particular, winners of the N1 million star prizes promised to utilise their millions judiciously.

Access Bank MD Wigwe’s Tenure Rated Low, As Bank Gets NSE Suspension

herbert wigwe

Not a few shareholders of Access Bank are poise for showdown at the next shareholders meeting slated for October 13, 2014 over the dwindling fortune of Access Bank since the current MD took over the mantle of leadership.

Aside high rate of Staff corruption, payment of fines to CBN are grounds for their grouse. Just yesterday, Access Bank has been suspended technically from the Stock Exchange Market.

The Nigerian Stock Exchange on Monday approved the technical suspension of the shares of Access Bank Plc to enable the bank to preserve shareholders’ value as it moves to raise up to N68bn additional capital.

According to the Exchange, technical suspension is the interruption of price movement in listed shares for a specified period so that any dealings in the shares which occur during the period of the suspension will not result in change in price.

The Exchange explained in a statement posted on its website that it granted “anticipatory approval” for Access Bank’s shares to be placed on technical suspension following an application made by the bank.

It added, “The bank will hold an Extraordinary General Meeting on Monday, October 13, 2014 to seek its shareholders’ authorisation for the Board of Directors to raise additional equity capital in the sum of up to N68bn by way of a rights issue.

“The board believes that the technical suspension is in the overall interest of the bank’s shareholders and will preserve the shareholders’ value, on account of the proposed corporate action.”

According to the Exchange, the technical suspension will be lifted on January 27, 2015 and normal trading activities will resume on January 28, 2015.

Access Bank shareholders had on May 30 at its 25th Annual General Meeting approved plans by the bank to raise $1bn to strengthen its operations and enable it to achieve its goal of becoming one of the top three banks in the country.

The bank had explained at the yearly meeting that the amount would be raised in tranches at a date to be determined by its directors.

Access Bank had in June issued a $400m Eurobond.

The Authentic Story Of Ecobank’s $20m Credit Loan From Brazillian Bank

Jibril Aku, ecobank md

Jibril Aku, Ecobank MD

Ecobank Nigeria says it has signed a $20m credit deal with Brazilian Development Bank.

The facility will address special funding needs of customers and non-customers of Ecobank that import goods from Brazil, according to a statement by the lender.

The Brazilian bank, also known as National Bank for Economic and Social Development, is one of the largest development banks in the world, with financial net worth of $27.40bn and total assets of $353.37bn in 2013.

The statement quoted the Executive Director, Corporate Banking, Ecobank Nigeria, Ms Foluke Aboderin, as saying that the partnership was driven by demands from customers and importers requiring competitive financing to purchase products from the international markets, particularly Brazil.

According to Aboderin, the partnership underscores Ecobank’s pedigree in trade financing in Nigeria.

“This partnership offers a seamless solution to companies that import goods from Brazil,” she said. “We encourage all goods importers to avail themselves of the opportunity that this funding arrangement provides by approaching Ecobank. We expect it to generate a sizeable boost in trade flows between both countries.”

Under the arrangement, importers and exporters negotiate export terms and conditions, and once commercial negotiation is finalised, the exporter or agent bank in Brazil submits the transaction to BNDES for approval.

By 2017 Dangote Will Expand To 13 Africa Countries

aliko dangote

Dangote Cement Plc has disclosed that it is planning massive expansion into sub-Saharan Africa markets. The disclosure was made by the Group Managing Director/Chief Executive Officer, Devakumar Edwin, while presenting the company’s “Facts Behind the Figures” before the capital market community last week in Lagos.

Edwin hinted that more than $5 billion has been committed for expansion between 2012 and 2016, as the current funding plan will be 60 per cent equity and 40 per cent debt.

He explained that the expansion was gaining pace as new Nigerian lines have started producing clinker/cement. “Sephaku Cement is already selling cement from Delmas. Zambia is on track for commencement in 2014 while Cameroon is to begin operations soon. He stated that Senegal plant commissioning has commenced while Ethiopia will commence before the end of the year. Sierra Leone will open in Q4 2014 and we are reviewing scope of Kenya in the light of finding good limestone deposits. He also disclosed that South Sudan is on the hold owing to conflict.”

On its outlook, the Dangote Cement boss said that coal facilities at Ibese 1+2 are expected by September at Obajana 3 even as the company will invest $300 million in additional coal facilities across all plants.

He added that the Group was looking to acquire oil/gas blocks to help secure gas supplies, expecting to increase direct deliveries and Capex of about $1 billion for 2014.

Edwin noted that by the end of 2017, it is expected that Dangote Cement will be in operations in 13 countries in Africa with about 62MTPA capacity. Nigeria’s capacity is expected to be at 38MTPA while the additional capacity would be across other African countries including Zambia, Tanzania, Kenya, Cote d’Ivoire, Liberia, Ghana Takoradi and Congo Brazzaville.

Continuing, he said that by 2017, the group’s export strategies would be fully operational, trading within Africa’s trade zones, operating in robust, growth market, well diversified regional exposure and leading sub-Saharan African producer.

Edwin also assured stakeholders of consistent and adequate returns, saying the company has the potentials to deliver stupendous financial performance and strong returns.

Speaking on the company’s half-year result, he noted that the group’s revenue rose by 5.3 per cent to N208.9 billion, just as the profit rose 1.1 per cent to N133.5 billion.

Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) appreciated by 1.6 per cent to N129.3 billion at 61.9 per cent margin while earnings per share dropped by 11 per cent to N5.53 billion.

Dangote Cement Plc is the largest company on the Nigerian Stock Exchange (NSE), with $24 billion market capitalisation. It has 29 million metric tonnes per annum (MTPA) production capacity across its three state-of-the-art plants in Nigeria.

Skye Bank Rated High By Global Agency

Mr.-Kehinde-Durosinmi-Etti - skye bank

Leading global rating agency, Standard and Poor’s (S&P), has assigned (B/stable/B) to Skye Bank Plc in its current rating released in August 2014. S&P said it based its rating of the bank on Nigeria’s positive economic prospects which will support Skye Bank’s earnings growth, capitalisation and asset quality over the next 12-18 months.

The agency rationalised Skye Bank’s stable rating on its modest but profitable franchise operating in the mid-tier of Nigeria’s highly competitive banking sector, saying it anticipates that the bank’s RAC ratio will remain between 5.5 per cent and 6 per cent over the next 12 months, reflecting robust internal capital generation and mild risk-asset accumulation.

“We also expect that Skye Bank will maintain non-performing loans (NPLs) at about 3.5 per cent of total loans, a cost of risk of about 2.5 per cent and a loan-loss coverage ratio in excess of 90 per cent of NPLs over the next 12 months,” while stating that the bank is largely funded by stable customer deposits and relies on a sizable portfolio of liquid assets.

The agency noted that Skye Bank had a modest, mid-tier position in Nigeria’s increasingly competitive banking sector, pointing out that in 2013, it reported total assets of N1.4 trillion ($7 billion at $1 to N160), ranking it the eighth-largest bank in Nigeria by lending.

Also, the renowned global rating body said its rating is based on the bank’s strategy of focusing on expanding its retail and commercial (largely SME) franchise, while leveraging its branch network and electronic platforms to mobilise low-cost retail deposits.

“In 2013, the bank achieved a marked reduction in cost of funds to 4.7 per cent, from 6.8 per cent a year earlier, thus improving its net interest margin by 140 basis points to 6.6 per cent. Although assets are mainly generated through the corporate and investment banking unit (59 per cent of assets; 17 per cent of profits before tax), higher yields achieved on loans from the commercial banking (28 per cent of assets; 49 per cent of profits before tax) and retail banking (13 per cent of assets; 34 per cent of profits before tax) units resulted in disproportionate profit contributions at year-end 2013,” it said.

We believe the bank would forgo higher margins on corporate loans to retain top-tier corporates as a strategic source of additional business by banking their employees and their value chain of suppliers, contractors and other service providers,” it said.

“We have not included in our outlook, any impact from the prospective mergers or acquisitions mooted by Skye Bank as the timing, capital impact and prospective support from shareholders are unclear.”

However, such a transaction is expected to have a significant impact on the bank’s capitalisation and, potentially, its risk profile. “We could lower the ratings if the bank fails to maintain a risk-adjusted capital (RAC) ratio above 5 per cent over the next 12 months,” S&P said.

Dangote Gets Kudos For Crashing Cement Price By N200

aliko dangote

Within 24 hours of announcing the crashing of cement price, people in high and low places have started thanking Dangote for the bold move. Some though are of the opinion that it is all part of the grand conspiracy with Federal Government to help Dangote dominate the market.

Africa’s cement manu­facturing giant, Dan­gote Cement Plc,  said it has increased its production capacity by an additional nine million met­ric tonnes per annum (mtpa) effective this month.

The production enhance­ment figure was disclosed by the Group Managing Director and Chief Executive Officer (CEO) of the firm, Mr. Deva­komar Edwin, during a media briefing to unveil the new Dan­gote cement package in line with the directive of Standards Organisation of Nigeria (SON) for cement companies to com­ply with the 42.5 and 32.5 ce­ment grades.

Edwin explained that lines 3 and 4 in Ibese, Ogun State, has additional six million mtpa and another three million mtpa line 4 at Obajana, Kogi State.

With this development, he said Dangote has equally con­cluded plans to launch its brand of the premium 32.5 cement grade, selling N200 lower than the price of higher strength 42.5 as a result of increased production.

Edwin said specifically that the 32.5 grade, which has the lowest strength among the various cement products will be priced lower than the others and will be selling at N200 lower than the price of the higher strength 42.5 grade, adding “this in addition offers our numerous customers and end users the prerogative of choice and its appropriate ap­plication.”

Edwin noted that the en­trance of the 32.5 cement grade from Dangote would ensure that the consumer pays the appropriate price for the right value rather than paying more for lower grade as is presently the case in the market.

He disclosed that Dangote Cement is currently reviewing the selling prices of its products with intent to reduce them and make the products available with the recent commissioning of additional six million met­ric tonnes per annum lines 3 and 4 in Ibese, Ogun State and another three million metric tonnes capacity additional line 4 at Obajana, Kogi State.

On its new packaging, the CEO said the company has fully complied with the direc­tive of SON by ensuring that the 32.5 cement grade, which has been branded “Dangote Cement 1X” would be clearly marked in the colour pre­scribed by SON with the uses for which it should be applied, which is purely for plastering.

Besides the caveat, he ex­plained that the new package also comes with an expiry date, batch no and content specifica­tion for the benefit of members of the public.

For the 42.5 cement grade, which is for concrete works, reinforcement and beams, he disclosed that all the details are replicated on the package as well in order for everyone to know and identify the different roles each grade plays.