French Insurer AXA to own Mansard Insurance Plc

AXA is coming into the Nigeria market by buying Assur Africa, the holding company of Mansard Insurance for $246 million in cash. They will be buying 100 percent of Assur Africa holdings, which holds a 77 percent stakes in Mansard Insurance.

Diaris God ooo.... Corrupt Nigerians Embezzled about N1.354 trillion between 2003 - 2012

An independent investigation conducted by Stop Impunity-Nigeria Campaign and The Yar'Adua Foundation have revealed that Nigerian government officials, workers with corporate bodies and others embezzled N1.354 trillion in the last nine years. See further break down of the figure;

KPMG to become the largest 'Big 4' provider of Microsoft Dynamics Consulting and Implementation Services in Europe

One of the 'Big 4' firms, KPMG has made an offer to acquire Crimsonwing, an international IT company focusing on Microsoft Dynamics and e-Commerce business solutions. KPMG’s offer values Crimsonwing at €26 million. 

The Nigeria Entrepreneur Award is here.......

The Nigeria Entrepreneurs Award for 2014 has being schedule to hold December 13, 2014 at the prestigious Eko Hotels & Suits, Victoria Island, Lagos.

Shell to pay $3.96 billion as penalty for Oil Spillage

Based on the report of the National Oil Spill Detection and Response Agency (NOSDRA), the National Assembly has placed a penalty of $3.96 billion on oil major Shell for a 2011 spill at its offshore Bonga oilfield in the latest assessment of damage to the environment.

CBN devalues Naira, raise Interest Rate & Cash Reserve Requirement (CRR) for Non-Government Deposits in Banks

The Central Bank of Nigeria (CBN) has devalued the Naira, as it moved the midpoint of the official window of the foreign exchange market from N155 to N168 to one US Dollar. This means that the Naira will exchange between N168 and N174 to the dollar at the foreign exchange market.

Benchmark Price of $73 For Crude Oil is "Overly Optimistic" - CBN Governor

The CBN governor gave a swipe at the recent decision to reduce the budgetary benchmark price for crude oil sales to $73, describing the benchmark price as “overly optimistic”.

Need to Make a Midlife Career Change?

It happens more often than you think. New management cancels a position, a company goes bankrupt or you have an epiphany on the bus home one night, and all of a sudden, you know it’s time for you to switch careers.

CBN appoints 3Gee Pay Ltd to pioneer biometric POS System

The Central Bank of Nigeria has granted approval to 3GEE Pay Ltd as a new Payment Terminal Service Provider (PTSP). With the approval, the company will pioneer biometric point of sale (POS) system for the Nigeria’s financial market.

Dangote Group, Chevron, MTN, First Bank Plc, take top spot as FG unveils Top 100 Firms in Nigeria

The Federal Government recently gave an insight into the names of firms that made the top 100 companies in Nigeria for the 2014 fiscal period. The award ceremony, scheduled to hold on December 1,  is aimed at encouraging highly performing companies to further contribute to the economy in more significant ways.

Moses Siloko Siasia listed among the recipients of the African Economic Leaders of Tomorrow

 

Our very own Moses Siloko Siasia has been listed among the recipients of the African Economic Leaders of Tomorrow by the Choiseul Institute for International Politics and Geo-economics in its 2014 ranking.

Proshare won the prestigious "Guiness Rising Star Award" 2014

Proshare, Nigeria’s leading analyst and financial information services firm, was yesterday honored with the prestigious Nigerian British Chamber of Commerce “Guinness Rising Star Award” 2014, for its role in providing effective finance solutions to the Nigerian market that further helps contribute to economic growth, by ensuring users and subscribers receive best-in-class financial, economic and capital market information and solutions through their range of service offerings.

Proshare was conferred with the award at the Presidential Dinner and Awards event which took place on Saturday, November 22, 2014 at the Harbor Point, Victoria Island, Lagos, under the distinguished chairmanship of Dr. Christopher Kolade (CON) Pro-Chancellor and chairman of council, Pan Atlantic University.

Commenting on the announcement, Mr. Olufemi Awoyemi, Founder/CEO of Proshare said: “These awards are testament to the dedication of our colleagues around the world who work so hard to bring the best of our company to the market; daily committed to the mission of providing a creating bridge between investors and market operators/regulators in order to deliver the objective of an empowered and engaging wealth market.”

At Proshare, our articles, materials and contents stem from critical research work and analysis which are of world class standard that require investment. Hence, we regard them as intellectual property which should not be trampled on. Please, do not cut & paste articles, rather share with the sharing tools provided below the articles. See our Terms & Conditions and Copyright Policy for more details or Email: contact@proshareng.com to know more.

At Proshare, our articles, materials and contents stem from critical research work and analysis which are of world class standard that require investment. Hence, we regard them as intellectual property which should not be trampled on. Please, do not cut & paste articles, rather share with the sharing tools provided below the articles. See our Terms & Conditions and Copyright Policy for more details or Email: contact@proshareng.com to know more.

Proshare, Nigeria’s leading analyst and financial information services firm, was yesterday honored with the prestigious Nigerian British Chamber of Commerce “Guinness Rising Star Award” 2014, for its role in providing effective finance solutions to the Nigerian market that further helps contribute to economic growth, by ensuring users and subscribers receive best-in-class financial, economic and capital market information and solutions through their range of service offerings.

Proshare was conferred with the award at the Presidential Dinner and Awards event which took place on Saturday, November 22, 2014 at the Harbor Point, Victoria Island, Lagos, under the distinguished chairmanship of Dr. Christopher Kolade (CON) Pro-Chancellor and chairman of council, Pan Atlantic University.

Commenting on the announcement, Mr. Olufemi Awoyemi, Founder/CEO of Proshare said: “These awards are testament to the dedication of our colleagues around the world who work so hard to bring the best of our company to the market; daily committed to the mission of providing a creating bridge between investors and market operators/regulators in order to deliver the objective of an empowered and engaging wealth market.”

At Proshare, our articles, materials and contents stem from critical research work and analysis which are of world class standard that require investment. Hence, we regard them as intellectual property which should not be trampled on. Please, do not cut & paste articles, rather share with the sharing tools provided below the articles. See our Terms & Conditions and Copyright Policy for more details or Email: contact@proshareng.com to know more.

At Proshare, our articles, materials and contents stem from critical research work and analysis which are of world class standard that require investment. Hence, we regard them as intellectual property which should not be trampled on. Please, do not cut & paste articles, rather share with the sharing tools provided below the articles. See our Terms & Conditions and Copyright Policy for more details or Email: contact@proshareng.com to know more.

Proshare, Nigeria’s leading analyst and financial information services firm, was yesterday honored with the prestigious Nigerian British Chamber of Commerce “Guinness Rising Star Award” 2014, for its role in providing effective finance solutions to the Nigerian market that further helps contribute to economic growth, by ensuring users and subscribers receive best-in-class financial, economic and capital market information and solutions through their range of service offerings.

Proshare was conferred with the award at the Presidential Dinner and Awards event which took place on Saturday, November 22, 2014 at the Harbor Point, Victoria Island, Lagos, under the distinguished chairmanship of Dr. Christopher Kolade (CON) Pro-Chancellor and chairman of council, Pan Atlantic University.

Commenting on the announcement, Mr. Olufemi Awoyemi, Founder/CEO of Proshare said: “These awards are testament to the dedication of our colleagues around the world who work so hard to bring the best of our company to the market; daily committed to the mission of providing a creating bridge between investors and market operators/regulators in order to deliver the objective of an empowered and engaging wealth market.”

At Proshare, our articles, materials and contents stem from critical research work and analysis which are of world class standard that require investment. Hence, we regard them as intellectual property which should not be trampled on. Please, do not cut & paste articles, rather share with the sharing tools provided below the articles. See our Terms & Conditions and Copyright Policy for more details or Email: contact@proshareng.com to know more.

At Proshare, our articles, materials and contents stem from critical research work and analysis which are of world class standard that require investment. Hence, we regard them as intellectual property which should not be trampled on. Please, do not cut & paste articles, rather share with the sharing tools provided below the articles. See our Terms & Conditions and Copyright Policy for more details or Email: contact@proshareng.com to know more.

Proshare Nigeria have been awarded the prestigious Nigerian British Chamber of Commerce "Guiness Rising Star Award" 2014 for their role in providing effective finance solutions to the Nigeria market.

New Date & Venue for the 48th Annual Bankers Dinner

To all Chartered Institute of Bankers Nigeria (CIBN) members in the house, kindly note that the date and venue of the 48th Annual Bankers Dinner has been changed.

Aspiring to Be a Millionaire at 30?

Where are the Young Minds? I've got this for you......
Ten (10) steps that will guarantee you will become a millionaire by 30.

Nigeria Airlines Cannot Sell Tickets at Lower Fares than it is Currently Selling them.........

For those that still dream about air ticket coming down drastically, hear what the Chief Executive Officer (CEO) of Medview Airline, Alhaji Muneer Bankole  have to say.

CBN, Gas Suppliers and Others Sign Pact on N213 Billion Intervention Fund

The Central Bank of Nigeria (CBN) on Tuesday, November 18, 2014 formally signed a N36.5billion agreement with gas suppliers and power generation companies that would settle all gas-to-power debts that have stunted the growth of the power sector.

Successful Entreprenuers Do This Five Things Daily

Culled this from the Entreprenuer, and I believe it worth reflecting on *Strictly for the Young Minds*.

There is a saying that there are only three types of people in the world: those who watch what happened, those who wonder what happened and those who make things happen.

Apple to pay Mtel $23.6 million for infringing on its Patents

According to the Entrepreneur; A Federal Jury has ruled that Apple must pay $23.6 million to Mobile Telecommunications Technologies (MTel) for infringing on five of its patents, which cover pager technology.

Financial Effects of Manchester United missing out of the 2014/15 Champions League

Let me post this exactly how it was reported by the Mirror;

How FG came about the $73 per barrel Benchmark Price!

We gave a report about the falling oil price, that led to FG using a benchmark price of $73 as against $79 for 2015 budget. The Federal Government affirmed that the price was not haphazardly fixed, but based on statistical analysis using Autoregressive Integrated Moving Average (ARIMA) model.

CBN Set December 19 as the Circulation Date for the New N100 Note

The Central Bank of Nigeria (CBN) has fixed December 19, 2014, to put the new commemorative Hundred Naira (N100) note into circulation.


The Bank said the circulation of the banknote, unveiled by President Goodluck Jonathan on November 12 2014, would be preceded by the launch of “Partnership Programme aimed at Banknote Equipment Manufacturers and other Machine Suppliers” on Wednesday, November 19, 2014. The

Huawei Technologies Companies Nigeria Limited in LIRS Bad Book

The Chairman of Lagos State Internal Revenue Services (LIRS), Mr. Babatunde Fowler, disclosed at a news conference in Alausa, that Hauwei Technologies Companies Nigeria Limited is currently owing the State Government about N988 million contrary to N212 milliom the Company paid to the State Government in 2013.

FBN Launches WheelChair Accessible Centres

The GMD/CEO, First Bank, Mr. Bisi Onasanya stated at the First Bank's International Sustainability Conference "that the bank recently designated over twenty (20) branches with access to wheelchairs across the country".

Lagos Refinery to Commence Operation in 2018

Dangote Industries’ Operations Director for Petroleum Refining, George Nicolaides said in an interview at the Platts African Refining Summit in Cape Town, "that the oil refinery they are building in Nigeria is to commence operations between the close of 2017 and the early part of 2018".

Will this be the Solution to Unemployment in Nigeria?

The Federal Government is currently working with the United Nations Industrial Development Organisation (UNIDO) on a national survey of unemployed Nigerians and their level of skills. This is to help them to get employment in the sectors of the economy, which are attracting massive investments and job vacancies........

Falling Oil Price! Desperate Situations Calls for Desperate Measures...

The Federal Government has reduced the crude oil benchmark for the  budget due to the effect of the falling crude oil prices. The benchmark that was earlier fixed at $78 per barrel, has been cut down to $73 as a result of the continuous drop in crude oil prices on the international market.

First of it Kind..... The Nigeria Agriculture Award is Here!!!!!!

Verdure Vision Limited owners of AgroNigeria brand and the Agriculture Policy Research Network (APRNet) will be organizing the first ever Nigeria Agriculture Award this Tuesday November 18, 2014 at the Landmark Village Event Centre, Victoria Island.

According to the organisers;

Why Money is Hard to Earn for Most People

 

I personally feel every young Nigerian should read this article culled from business day. It gives very deep insights into the act of 'making' money *wink*........ 

And the Best Private Bank in Nigeria is....................

Fidelity Private Banking is a division of Fidelity Bank Plc, and was recently declared as the “Best Private Bank in Nigeria 2014” in the Global Private Banking awards organised by Professional Wealth Management (PWM) and The Banker magazines; publications of the Financial Times Group.

Is Your Job Stressful????

I came across this Article, and felt it's worth sharing. Read, enjoy and think!!!

Every job comes with a degree of stress. And, what may be stressful to one person may not be (stressful) to another. Only you can really determine whether or not you find your current job stressful. However, there are some considerations to take into account as you evaluate your job and whether or not it is worth the stress.

West African Power Industry Awards and their Nominees

West African Power Industry Convention (WAPIC) will be gathering power and utility stakeholders in Lagos between November 17-19 2014 at the Eko hotel, Lagos, Nigeria. The highpoint of the event will be the West African Power Industry Awards.


The following are the various award categories and the nominees;

FBN Capital Investor Conference 2014 and the influence of the Entertainment Industry

FBN Capital Annual Investor Conference took place during the week at the Federal Palace Hotel. The Conference tagged "Lifting the Lid on Emerging Nigeria" saw financial market experts come together to deliberate on the way forward for our country.

Turn down for what.......?????? It's the End of the Year baby!!!!!

As the year is gradually rolling out, organisations are already creating time out of their busy schedules to plan big for their end of the year party  *no time to waste time*. I learnt that one of the biggest insurance company in Nigeria is currently  in talks with the 'bonsue fuji maestro'  Adewale Ayuba (a.k.a Mr Johnson) for their end of the year party meant to happen sometime in December (the actual date will be posted on this blog on confirmation). 

We will be giving you updates as it relates to the end of the year party of your favorite organisations as events unfolds. #Allworkandnoplaymakesjackadullboy

Finally! The Entertainment industry is being taken serious

The entertainment industry was ably represented at the just concluded Chartered Institute of Stockbrokers (CIS) induction ceremony for newly qualified members. The event which took place at the Intercontinental hotel, Victoria Island, Lagos saw the industry's entrepreneurs in persons of Mosunmola Abudu (CEO EbonyLife TV), Jason Njoku (CEO Iroko Partners), Ben Murray Bruce (CEO Silver bird Group) and Kunle Afolayan share their entrepreneurial experience, while accessing the value chain within the industry and their possible impacts on the financial market.

ICAN MEMBERS REPRESENTING AT THE WCOA 2014

The World Congress of Accountants is currently taking place in Rome, Italy. I can affirm to you I was told that the Institute of Chartered Accountants of Nigeria (ICAN) members represent over 30% of the total participants, a feat that led to the ICAN President (Chidi Ajaegbu) being called to the podium to address the congress. *Naija no dey carry last*

WELCOME! WELCOME!! WELCOME!!!

Let me welcome you, you and you to my little world, where I will be dishing out cuisines information and updates as it relate to current happenings specifically in the Financial Service Industry. I want y'all to seat back, relax, and enjoy, as I unfold  the inherent swag of this industry. If you are still sitting down...............!!!