VIVA!!! THE POLITICAL AND BUSINESS LEVIATHAN, CHIEF HON. EMEKA MADU

Chief Hon. Emeka Madu

People of our land, this is a political and business leviathan and titan worthy of recognition. His name is

CHIEF HON. EMEKA MADU

He is an erstwhile

EXECUTIVE CHAIRMAN

of

IGBOEZE-SOUTH LOCAL GOVERNMENT AREA

ENUGU STATE

Folks, this is another illustrious son of Enugu State that attained financial and political prominence at a very young age. Chief Madu became very successful in the corporate world and decided to use his knowledge, wealth of experience and international exposure in the effective democratization and development of his local government and state.

NEITI TELLS NNPC TO ACCOUNT FOR $16.8B NLNG DIVIDENDS

The Nigerian Extractive Industries Transparency Initiative (NEITI) has tasked the Nigerian National Petroleum Corporation (NNPC) to fully account for $16.8 billion dividends derived from the Nigerian Liquefied Natural Gas (NLNG).

TELECOM EXPERTS SEEK FDI CONSIDERATION IN 9MOBILE SALES AS NEW BUYER EMERGES IN JANUARY

Ahead of the sale of 9Mobile, some analysts in the telecommunications sector are of the view that the broader interests of the telecom sector and the larger economy may be best served in its ongoing sale if a fresh telecom player with the demonstrated ability to source offshore capital is selected. Of course such a player, according to them, must also possess demonstrable technical competence.

THE NEED TO STAMP-OUT THE CASUAL EMPLOYMENT SYNDROME IN NIGERIA

The poor working condition in Nigeria is not only reprehensible. It is something that needs to be reviewed and corrected. Workers are generally exploited and unhappy. So many are treated as slaves and subjected to humiliating experiences at workplaces.

BUSINESS TURNAROUND EXPERT AND CEO OF GUINNESS NIGERIA PLC, PETER NDEGWA, SPEAKS ON HIS STRATEGIES FOR HIS COMPANY’S GROWTH

Mr. Peter Ndegwa is the Managing Director and Chief Executive Officer of Guinness Nigeria Plc. The consummate manager and administrator is known for niche in turning businesses around and has held his own since his assumption as the brewer’s helmsman in the country. In this interview, he explains the company’s secret of survival and commitment to stakeholders even in challenging economic situations. Relax and enjoy it.

ISLAND CLUB 2017 NEW YEAR’S EVE/NEW MEMBERS DANCE

The Chairman, Mr. Banji Oladapo, KCOP, Trustees, Officers and Management Committees cordially invites all financial members and their Guests to the

ISLAND CLUB 2017 NEW YEAR’S EVE/NEW MEMBERS DANCE

TAKE A VERY GOOD DECISION TODAY BY BUYING AND DRIVING STRESS-FREE TOYOTA

Folks, these are the reasons why you must make Toyota your first choice:

-All government taxes and levies are paid on vehicles sold. So, there is no fear of arrest or prosecution.

-3 years warranty.

-Genuine spare parts with one year or 20,000km (whichever comes first).

-Internationally trained technicians to handle your vehicles.

-Vehicles manufactured to withstand Nigeria’s roads and climatic conditions.

THE NEED FOR GOVERNMENT TO SUPPORT SMALL AND MEDIUM ENTERPRISES IN NIGERIA

When Minister of State for Industry, Trade and Investment, Aisha Abubakar, promised the other day that the Federal Government would assist the Small and Medium Enterprises (SMEs) to have better access to finance, her statement would seem another empty vow given that millions of such businesses have had little or no support despite their being the bedrock of the economy and given the failure of various schemes and agencies meant to support them.

FEDERAL GOVERNMENT SETS TO IMPLEMENT 2017 REVISED IMPORT AND EXPORT GUIDELINE IN JANUARY, 2018

Mrs. Kemi Adeosun

The Federal Government said it will commence the implementation of the 2017 Revised Import and Export Guidelines in January 2018, in efforts to enhance the ease of doing business in the Nigerian economy.

ANOTHER ROLL OVER OF CAPITAL EXPENDITURE FROM 2017 BUDGET TO 2018 BUDGET LOOKS CERTAIN

Mrs. Kemi Adeosun

With just a few days to the New Year and the much anticipated debate on the 2018 Budget by the National Assembly, the acknowledgment by the Federal Ministry of Finance that only 21 percent of the capital component of the 2017 Budget was achieved raises serious concerns about the implications of this development for the economy.

ENUGU MAXIMUM PRISON INMATES CELEBRATE AS GOV. UGWUANYI DONATES TRANSFORMER TO THEM

Rt. Hon. Ifeanyi Ugwuanyi

The Executive Governor of Enugu State, Rt. Hon. Ifeanyi Ugwuanyi, has donated a 500/11 KVA transformer to the Enugu Maximum Prison, Tectono Business Review gathered.

HMMM!!! NIGERIA GETS READY TO START BEE EXPORT IN 2018

Nigeria will start exporting bees to other countries in 2018, Dr. Bidemi Ojeleye, National President, Federation of Bee keepers Association of Nigeria, has said. He said that a European Union team had visited Nigeria for training and guidelines on the residue monitoring plans for bee export.

C. CHARLES RESOURCES LIMITED

Block 4, House 3, Moore Road, Off Herbert Macaulay Way, Yaba, Lagos, Nigeria

+2348182938250, +2348074089884, sales@ccharlesresources.com, www.ccharlesresources.com

CORONATION MERCHANT BANK WITHDRAWS REGISTRATION WITH SECURITIES AND EXCHANGE COMMISSION

PUBLIC NOTICE

WITHDRAWAL OF REGISTERED FUNCTIONS

This is to notify the general public that Coronation Merchant Bank has voluntarily withdrawn its registration with the Securities and Exchange Commission as a Fund/Portfolio Manager and Corporate Investment Adviser.

SMD CONSULTING

46, Osolo Way, Off International Airport Road, Ajao Estate, Lagos, Nigeria

+2348033056504, +2348125056504, smdconsulting@ymail.com, folaoseni@smdconsultingng.com

HOW LISTED FIRMS DEFRAUD SHAREHOLDERS WITH SHARE RECONSTRUCTION

Apparently dissatisfied with level at which investors are short-changed in share reconstruction exercises, stock market investors have stressed the need for listed firms to stick to the initial policy of share buyback to enable shareholders to get value for their investment.

SEC’S INVESTIGATIONS ON OANDO IS NEGATIVELY AFFECTING SHARE PRICE, OANDO SHAREHOLDERS CRY OUT

Shareholders of Oando Plc on Tuesday raised concerns on how the Securities and Exchange Commission’s investigation has impacted negatively on the activities of the company, from the reduction in share price to eroding of both local and international investor confidence in the company.

THE CBN NON-OIL EXPORT STIMULATION FACILITY

Godwin Emefiele

It is heartening that the Central Bank of Nigeria (CBN) has decided to bring back the N500 billion export stimulation loan proposed two years ago and the N50bn direct intervention funding under the management of the Nigeria Export-Import (NEXIM) Bank. The loan is for the diversification of the revenue base of the economy and the boosting of non-oil exports, for sustainable economic development and increased foreign exchange earnings.

GREEN ENERGY BEGINS OTAKIKPO 3D SEISMIC ACQUISITION CAMPAIGN

The Operator of the Otakikpo Marginal Field in OML 11 Rivers state, Green Energy International Limited, has commenced the process for the acquisition of 3D seismic data to maximize opportunities from the field.

TECTONO CONGRATULATES THE SPEAKER, HOUSE OF REPRESENTATIVES, RT. HON. YAKUBU DOGARA

Rt. Hon. Yakubu Dogara

We congratulate the

SPEAKER,

HOUSE OF REPRESENTATIVES

RT. HON. YAKUBU DOGARA

On the occasion of his

50TH BIRTHDAY

MARINE PLATFORMS

SUBSEA SOLUTIONS/WELL SERVICES/VESSEL CHARTERING/BROWNFIELD DEVELOPMENT

Construction House, 18, Adeyemo Alakija Street, Victoria Island, Lagos, Nigeria

+23418103666

HIS EXCELLENCY AMBASSADOR CHRIS OWUSHI EZEH MEETS PROF. ATTAHIRU JEGA

Amb. Chris Owushi Eze, Bulus Nnamdi Ndu & Prof. Attahiru Jega

In the photograph above, the political evangelist and Nigerian Ambassador to the Republic of India with concurrent accreditation to Bangladesh and Nepal, His Excellency Ambassador Chris Owushi Eze, met with Professor Attahiru Jega, one of Nigeria's finest and celebrated electoral umpire, in India. Standing between these two political juggernauts is Bulus Nnmdi Ndu, the Personal Assistant to the Ambassador.

ALPHA MEAD DEVELOPMENT AND ALPHA MEAD FACILITIES GET QUALITY MANAGEMENT SYSTEMS CERTIFICATIONS

Apparently to ensure strict adherence to global best practice, two Strategic Business Units (SBUs) of Alpha Mead Group – Alpha Mead Development Company (AMDC) and Alpha Mead Facilities Management Services Limited (AMFacilities) have the highly coveted Quality Management System (QMS) certification – ISO 9001:2015.

TECTONO CELEBRATES MAJOR GENERAL CHRIS OWUSHI EZE, THE NIGERIAN AMBASSADOR TO THE REPUBLIC OF INDIA

Ambassador Chris Owushi Eze

We celebrate the

NIGERIAN AMBASSADOR

to the

REPUBLIC OF INDIA

with

Concurrent Accreditation to

BANGLADESH

and

NEPAL,

HIS EXCELLENCY

MAJOR GENERAL CHRIS OWUSHI EZE

KOGI, CROSS RIVER, KADUNA AND DELTA STATES ADOPT NMRC’S DRAFT MORTGAGE FORECLOSURE LAW

Hopes of realizing the mortgage-backed housing dream brightened recently, following the adoption of the Nigeria Mortgage Refinance Company (NMRC) pioneered draft model mortgage foreclosure law by four states in the country. The states that have executed the law, memorandum of understanding and technical assistance with the mortgage company are Kogi, Cross River, Kaduna and Delta States.

TOP CRUST BAKERY (PRODUCERS OF TOP CRUST WHITE BREAD)

Plot 6, Alhaji Lateef Jakande Road, Agidingbi, Ikeja, Lagos, Nigeria

+2348097782213

WHY MURTALA MUHAMMED INTERNATIONAL AIRPORT AND PORT HARCOURT INTERNATIONAL AIRPORT ARE RANKED LOW

Two Nigerian airports have been named among the 20 worst airports in the world. The Port Harcourt International Airport at Omagwa, Rivers State, was listed 3rd worst, while the Murtala Muhammed International Airport (MMIA) Lagos emerged the 5th worst. This poor ranking, which has expectedly given the country bad press, can hardly be blamed on foreign media prejudice. Anyone familiar with the two listed airports, or any of the other airports in the country, will easily concur with the dismal rating, especially when compared to the experience at airports in some other parts of the world.

IMMANUELA VENTURES LIMITED (PRODUCERS OF IMMANUELA TABLE WATER)

17, Adedoyin Adeyemo Street, Ogudu, Lagos, Nigeria

+2348023252609, +2348027440325, +2348033014300

HOW MICROFINANCE SUB SECTOR IN NIGERIA FARED IN THE YEAR 2017

The year 2017 started on a good note even though the nation witnessed economic pressure which led to high cost of products and services and harsh operating environment for businesses and organisations across every sector of the economy. The Microfinance Bank (MfB) sub sector was not left out in the year, as it also struggled to surmount the challenges presented to it by the economic recession that overwhelmed the country.

HIS EXCELLENCY AMBASSADOR (MAJ. GEN.) CHRIS OWUSHI EZE

Ambassador Chris Owushi Eze

His Excellency Ambassador Chris Owushi Eze is the Nigerian Ambassador to the Republic of India with concurrent accreditation to Bangladesh and Nepal.

ACCION MICROFINANCE BANK DISBURSES N17.5BN, TO OPEN 80 NEW BRANCHES

ACCION Microfinance Bank (AMfB) said it disbursed N17.5billion from January to November 2017. Meanwhile the bank is set to expand its branch network by 80 new branches in the next four years. The bank has also promised to deepen financial inclusion in the coming year noting that about 53,238 customers benefited from the disbursement.

CUSTOMERS ENJOY DISCOUNTS AND FREEBIES AS SPAR NIGERIA UNVEILS A NEW SHOP AT TEJUOSHO ULTRA MODERN SHOPPING CENTRE

SPAR Nigeria, a leading hypermarket brand, has officially opened shop at Tejuosho Ultra-Modern Shopping Centre, amid celebration, sales discounts and lots of freebies to shoppers.

THE CONTROVERSY OVER $1BN INSURGENCY FUNDS

A billion dollars is a huge chunk of money and it is no surprise that the cavalier manner the Nigerian Governors Forum ‘authorised’ its spending from the Excess Crude Account (ECA) to combat insurgency in the North-East angered many Nigerians.  The ruling All Progressives Party (APC) and the opposition Peoples Democratic Party (PDP) have diametrically opposed views on the issue.  Among the governors themselves, a few dissenting voices are emerging.  Among the generality of the population, many discordant voices are rising, questioning the rationale, the process and, ultimately, the grand plan for the money.

BUHARI WANTS TO USE $1.8BN REFINERIES TURN AROUND MAINTENANCE FUND FOR ELECTION PURPOSES

Muhammadu Buhari

The decision of the Federal Government to spend $1.8billion on the turn-around maintenance (TAM) of the nation’s four refineries has not gone down well with many Nigerians. It was met with skepticism and outrage by many citizens who had watched successive governments fritter away humongous sums on controversial TAM of refineries with little to show for it.

REDUCTION OF INTEREST RATES FOR MANUFACTURERS

The Federal Government has set up machinery to crash interest rates to single digit for the manufacturing sector, in order to promote private sector investments and boost economic activities.  The Vice President, Professor Yemi Osinbajo, announced that a committee has been constituted and mandated by the government to work on the new policy.        

CHRIS OWUSHI EZE SPEAKS AT 4TH INDIA-AFRICA TRADE AND INVESTMENT

Ambassador Chris Owusi Eze

How often do you see a continent so richly blessed that you find yourself weeping owing to her untapped potentials? This was the question that floated the confines of the conference hall of Le Meridiem Hotel, New Delhi, when the Nigerian High Commissioner to India, His Excellency Major General Chris Owushi Eze, delivered his inaugural address on the occasion of the 4th India-Africa Trade And Investment Forum 2017.

MAJOR GENERAL CHRIS OWUSHI EZE AND CHIEF AUDU OGBE: THE FOOD TALK.

The honourable of minister of agriculture, Chief Audu Ogbe, and his Indian counterpart, Shri Radha Mohan Singh, visited the Nigeria High Commission, New Delhi, and walking just a few steps behind them was His Excellency Major General Chris Owushi Eze, the Nigerian High Commissioner to India with a concurrent accreditation to Bangladesh, Nepal and Sri Lanka.

UDENU PEOPLE, DO YOU STILL REMEMBER BARRISTER OSITA NDU?

Barrister Osita Ndu

Barrister Osita Ndu is a New York based legal practitioner who was trained in Nnamdi Azikiwe University, Awka. He came into limelight in the year 1999 when, as a very young politician, won Peoples’ Democratic Party (PDP) ticket to contest Udenu Local Government Area chairmanship election. He defeated other contestants under that great political party to clinch the ticket. He still remains the youngest person to stand chairmanship election in Udenu. According to him, “I guess that opened the gateway to young people joining politics in our place.”

IPAC EXTOLS THE VIRTUES OF ENUGU STATE GOVERNOR, IFEANYI UGWUANYI

Rt. Hon. Ifeanyi Ugwuanyi

Enugu State chapter of the Inter Party Advisory Council (IPAC), the umbrella organization of all the political parties in the country has applauded the Governor of Enugu State, Rt. Hon. Ifeanyi Ugwuanyi, for his effective leadership that has engendered peace and good governance in the state “at a time when recession has become a ‘customized excuse’ for elected leaders for non-performance”.

TONY ODILI EXPLAINS HOW BRANDING HELPED OBIANO TO WIN ANAMBRA GOVERNORSHIP ELECTION

Chief Willie Obiano

After Anambra State governor, Chief Willie Obiano, won his reelection, speculations were rife that he bullied the opposition with the media by denying them opportunity to mount billboards and access radio broadcast. In this interview with the chief creative officer of Brande Aristotle, Tony Odili, whose company collaborated with Winning Concepts Consortium to handle the media and communication department of Obiano’s campaign, he narrated how the media team helped to set a record of winning an election in all the local governments in the state. Sit back and consume it.

FESTUS KEYAMO DELIVERS PAPER AT AFRICA AND MIDDLE EAST PEACE CONFERENCE

Festus Keyamo (SAN)

Information reaching Tectono Business Review has it that Festus Keyamo (SAN), has added another feather to his myriads of professional honours. The unrepentant social crusader, critic, columnist and human rights lawyer was one of the select-few personalities of international repute that delivered papers at this year’s Africa and Middle East Peace Conference that held during the week in Washington DC, United States.

WHAT YOU DRIVE IS NOT AS IMPORTANT AS WHAT IS DRIVING YOU

“Hey driver!” echoed a female voice blended with so much pride and pomposity. The driver stopped, half intimidated and half excited. He hadn’t been hired by anyone since morning and has actually been just moving around in one of America’s busiest city, New York to be precise, under the freezing snow, with a keen eye for a prospective passenger.

RELINQUISH THE PORTFOLIO OF MINISTER OF PETROLEUM, FAYOSE TELLS BUHARI

Dr. Ayo Fayose

The Governor of Ekiti State, Dr. Ayo Fayose, has again condemned the federal government over its nonchalant attitude towards ending the fuel scarcity being experienced across the country, calling for immediate resignation of President Muhammadu Buhari as the Minister of Petroleum.

BUA INTERNATIONAL LIMITED

GROUP HEAD OFFICE

64, Adetokunbo Ademola Street, P.O. Box, 70106 Victoria Island, Lagos, Nigeria

+23414610671, +23419032034, +23414610669, info@buagroup.com

NIGERIAN AND THE SEARCH FOR PROSPEROUS FUTURE BY FINANCE MINISTER, MRS. KEMI ADEOSUN

Mrs. Kemi Adeosun

Since the middle of 2014, when the price of crude oil fell dramatically, Nigeria’s finances became challenged. This is not hard to explain: we’ve historically depended on crude oil for as much as 70 per cent of government revenues, and 90 per cent of foreign exchange earnings. The outcome – pressure on government’s finances – was by no means unusual. A similar fate befell most oil-rich countries around the world.

IDEAL PLUX INVESTMENT LIMITED

KM 45, Lekki-Epe Express Way, Olokonla Bus Stop, By Readington School, Ajah, Lagos, Nigeria

+2348064595183, info@idealpluxmoukafoam.com

ROLES OF BUREAU DE CHANGE IN FOREIGN EXCHANGE STABILITY

A Bureau De Change (BDC) is defined by the Central Bank of Nigeria (CBN) manual as a retail foreign exchange dealer carrying on the business of Personal Travel Allowance (PTA), Business Travel Allowance (BTA), medical and school fees, and also to carrying on inward and outward transfer. So, a BDC is a licensed outfit, normally by the CBN.

NAFRIC PROPERTIES

IW2, Oba Akran, Ikeja, Lagos, Nigeria

+2347033890038, +2348076649029

REALTY POINT LIMITED UNVEILS REALTY POINT INDEPENDENT SALES AGENCY (RISA) FOR REAL ESTATE MARKETING

A Lagos based real estate development firm, Realty Point Limited has launched a scheme that will assist estate agents to earn commission electronically from sales and through referrals.

FG AUTO CLINIC

38, Oba Akran Avenue, Opposite Access Bank, Ikeja, Nigeria

+2348092284838, +2348170150399, +2348170150400

EQUITY ASSURANCE APPOINTS EDC REGISTRARS LIMITED

This is to notify our valued shareholders and the general public of the appointment of EDC Registrars Limited of 154, Ikorodu Road, Onipanu, Lagos as the new Registrar of Equity Assurance Plc. The appointment is with effect from January 2, 2017.

OLATUNDE ADEJUYIGBE & CO

15, Bola Ajibola Street, Off Allen Avenue, Ikeja, Lagos, Nigeria

+23412957863, +23412957864, milleniumlaw@yahoo.co.uk

CHAPEL HILL DENHAM ADVISORY LIMITED

45, Saka Tinubu Street, Victoria Island, Lagos, Nigeria

+2348022427706, +2348022427711, +2348022427747, +2348022427752, sales@chapelhilldenham.com,

HYDE ENERGY LIMITED IS DULY REGISTERED WITH THE CORPORATE AFFAIRS COMMISSION

PUBLIC NOTICE

We have become aware of a number of publications stating that Hyde Energy Limited is a ghost company and not registered with the Corporate Affairs Commission.

HOLD YOUR EVENTS @ DULMI EVENTS CENTRE

For your special occasions in Ikorodu area, use:

DULMI EVENT CENTRE

29, Surulere Street, Off Kokoro Abu Street, Sabo, Ikorodu, Lagos, Nigeria

TECTONO FELICITATES WITH THE POLITICAL WORDSMITH, HON. ONYEKACHI UGWU

Hon. Onyekachi Ugwu

We congratulate the political juggernaut and wordsmith,

HONOURABLE ONYEKACHI UGWU,

On his appointment as

SENIOR SPECIAL ASSISTANT

To the

Governor of Enugu State,

RT. HON. IFEANYI UGWUANYI

SPIRIT & WINE MARKETS ASSOCIATION OF NIGERIA

C/O Corporate Relation Department, Guiness Nigeria Plc, 24, Oba Akran Avenue, Ikeja, Lagos, Nigeria.

+23412709100 ext 3192

HELP STOP ELECTRICITY VANDALISM

Electricity Vandals impede the progress being made in improving electricity infrastructure in Nigeria.

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