Tectono Business Review: March 2018

Monday 26 March 2018

NEXIM BANK PARTNERS ONDO TO SCALE UP COCOA EXPORT

The Executive Director, Business Development of Nigerian Export-Import Bank (NEXIM), Mrs. Stella Okotete, has revealed that the bank is seeking partnership with Ondo state on cocoa projects and other commodity exporters to scale up export trade.

The Nigerian Export Promotion Council has advised cocoa farmers on the need to properly ferment their cocoa beans to achieve better production and gain acceptance in the world market. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

FBG ENGINEERING COMPANY LIMITED

1st Floor, Bamboo Plaza, 6/8, Ogunnusi Road, Omole Layout, Ikeja, Lagos, Nigeria

08037217751, 08056084034, info@fgbengineering.net

NON-OIL EXPORTERS EARNED $2.34BN IN 2017

Exporters of non-oil products in the country earned the sum of $2.34bn (N714bn) in the 2017 fiscal period, data obtained from the Central Bank of Nigeria revealed. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

Agricultural experts have advised farmers to stop exporting raw materials, but rather add value to the products to generate higher revenue. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

The Chairman, House Committee on Agricultural Production and Services, Hon. Mohammed Tahir Monguno, has re-echoed the importance of adhering to best practices in the export of agricultural produce. The best practices are contained in this link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

GISELLE HOMES

Beulah Land Plaza, Plot 9, Block 113, Lekki 3 rd Round About, Lekki-Epe Expressway, Lagos, Nigeria

+2348023102481, +2348069683185, info@gisellehomes.com. www.gisellehomes.com

FINANCIAL MARKETS TREMBLE AS GLOBAL TRADE WAR FEARS INTENSIFY

A tidal wave of risk aversion engulfed financial markets on Friday, after President Donald Trump announced that the U.S will impose tariffs on up to $60 billion of Chinese imports.

FISHERY PRODUCTS EXPORT: FEDERAL GOVERNMENT CERTIFIES COMPANIES

The Federal Government has certified some companies to begin export of fishery products to the international market following accelerated growth of the subsector.

Following the concluded divestment of Unity Bank Plc’s holdings in UnityKapital Assuarnce Plc and the Resolution passed by members of the Company at its Annual General Meeting held on September 14, 2017, the Company hereby notifies the public of its change of name from UnityKapital Assurance Plc to VeritasKapital Assurance Plc.

DIADEM PHARMACY LIMITED

SUPERMARKET/VETERINARY/OPTICALS

6, Oyo Road, Ojoo, Ibadan, Oyo State, Nigeria

+2348062453391, diadempharma@yahoo.com

DOLLAR DIPS ON DOT-PLOT DISAPPOINTMENT, BoE IN FOCUS

The Federal Reserve has lifted interest rates to their highest level since the financial crisis, but Dollar bulls are clearly unamused.

OVAMANN PUMPS LIMITED

1, Shalom Street, Of Apple Junction Link Road, Amuwo Odofin, Lagos, Nigeria

+23412955803, www.ovamannpumps.com

The Nigerian Naira has remained resilient against the US Dollar, despite the Federal Reserve raising US interest rates overnight. The USDNGN is currently trading 360 as of writing.

DE X-RAY EQUIP NIGERIA LIMITED

Sales and Maintenance of Modern Radiological Equipment

Agfa Digital Consumables

Radiation Protection

Investors across all asset classes are cautiously awaiting the key risk event of the week; the Federal Reserve’s monetary policy decision.

TECH SELLOFF DRAGS GLOBAL EQUITIES

The steep losses in U.S. technology stocks were carried into Asian markets today with all major indices tracking Wall Street declines. Facebook made the headlines on Monday, as reports over the weekend claimed that data from 50 million users was accessed without their permission. The stock fell 6.8% and wiped out almost $37 billion from its market cap. The news will undoubtedly scare advertisers, especially if it leads to regulators changing Facebook’s business model in a way which may impact the company’s revenues.

The British Pound immediately weakened against the Dollar on Tuesday morning after UK inflation fell more than expected in February.

Chief Dr. Sonny Odogwu

We congratulate a foremost industrialist, philanthropist and Chairman of

ODOGWU GROUP OF COMPANIES LIMITED

Chief Dr. Sonny Odogwu, CFR

(IDE AHABA)

On the 87th anniversary of his birth

SPARKLIGHT ENGINEERING COMPANY LIMITED

Sparklight House, Sparklight Estate, KM 2, Lagos-Ibadan Express Way, Isheri, Ogun State, Nigeria

+2348020538094, +2347032245851

Rt. Hon. Ifeanyi Ugwuanyi, Enugu State Governor

Happy birthday to a

PHENOMENAL LEADER,

Rt. Hon. Ifeanyi Lawrence Ugwuanyi

(Gburugburu)

The indefatigable Governor of Enugu State

BENEFITS EXPORTERS CAN GET FROM NIGERIAN EXPORT PROMOTION COUNCIL

The Nigerian Export Promotion Council (NEPC) is the government agency responsible for regulation, promotion, recording and monitoring of export trade in the country. It is the organ which the government uses to implement its export policies and strategies. When you hear about new exportation policies and incentives for exportation given out by the government, The NEPC is usually in charge of distributing these incentives. The NEPC was established in and has its offices across Nigeria.

With LSETF Labour Market Information System (LMIS), business owners, companies and institutions can access trained and certified talents and request the services of candidates for short medium or long term employment. For more information, visit us now via: www.lsesp.ng

RUN YOUR BUSINESS WITH A SINGLE BUSINESS MANAGEMENT SOLUTION FROM SAGE

No more late-night invoicing

No more chasing payment

No more accounting worries

IGWE & IGWE ATTORNEYS (LEGAL PRACTITIONERS & NOTARIES PUBLIC)

Aster, 2nd Floor, Right Wing, 252, Herbert Macaulay Way, Yaba, Lagos, Nigeria

+2348034536861, igweattorneys@gmail.com

VINCENT K. BANJO & CO (LEGAL PRACTITIONERS)

8/10, Broad Street, Lagos Island, Lagos, Nigeria

+2348062315566, +2348023449335, kenvinc@yahoo.com

Donald Trump

Concerns over the potential for a Trump trade war still seem to be weighing on the minds of investors, with a lack of risk appetite still leading to caution in global stock markets.

WUNMI ODUSOLA & CO (ESTATE SURVEYORS & VALUERS)

Zion House, 15, Taiwo Street, Ilupeju, Lagos, Nigeria

+234802303038234, +2347056350079, +2348086267650, +234803822822643

NEXIM BANK OFFERS ONDO EXPORTERS N500BN LOAN

The Nigeria Export and Import Bank has called on businessmen and women, who are into export business in Ondo State, to take advantage of the N500bn loan that the Federal Government is offering at a single digit interest rate.

EURO LOUNGE & SUITES

30, Alafin Avenue, Oluyole Estate Ring Road, Ibadan, Oyo State, Nigeria

euroloungeandsuite@gmail.com

GHEYSEN REAL LIMITED

27B, Island Way, Dolphin Estate, Ikoyi, Lagos, Nigeria

+2349087347902

EXPERTS SEEK INCREASE IN MERCHANDISE EXPORTS

Stakeholders in the real sector including experts on trade and maritime matters have said that if the regulatory authorities in the various sectors are focused and impediments to trade are eliminated, there will be increase in merchandise exports from Nigeria.

Folks, if you are a non-oil exporter, you have a good reason to rejoice. This is because information reaching Tectono Business Review has it that the Central Bank of Nigeria has commenced the implementation of the N500 billion non-oil exports stimulation loan.

Minister of State, Ministry of Industry, Trade and Investment, Hajia Aisha Abubakar, has said that shea butter export volume from producing countries, especially Africa, has grown to over 350,000 metric tonnes per annum, indicating about 600 per cent increase when compared with what it was 20 years ago.

Olusegun Awolowo, CEO, NEPC

Determined to make women dominate the nation’s economy through trade and increase the country’s Gross Domestic Product (GDP), the Nigerian Export Promotion Council (NEPC) has trained 120 women on export procedures and solution.

DO YOU WANT ANY KIND OF CABLE? COME TO ECAS INVESTMENT LIMITED

WE STOCK THE FOLLOWING CABLES

Wire Mesh Cable Tray

Armoured Cables

Cables Ties

High/Low Voltage Cables

TRS Flexible & Controls Cables

Galvanized/PVC Trunkings

Galvanized Cable Trays

Adaptable & Floor Boxes

Weather Proof Sockets

We congratulate

FLOUR MILLS OF NIGERIA PLC

On the official commissioning of its

N50BILLION AGRO-ALLIED INVESTMENT

SUNTI GOLDEN SUGAR ESTATE FACTORY

MOKWA, NIGER STATE

By the

President and Commander-In-Chief of the Armed Forces, Federal Republic of Nigeria

Muhammadu Buhari, GCFR

LARE OLIYIDE & CO (LEGAL PRACTITIONERS)

61, Osolo Way, Ajao-Isolo, Lagos, Nigeria

+2348023115055, +2348062446420

ASTRA INSTRUMENTS

50/52, Toyin Street, Ikeja, Lagos, Nigeria

+2348036206243, +2349094797025, info@astrainstruments.com

Global equity bears marched into Thursday’s trading session with a mission to sow chaos across stock markets, as fears mount over a potential global trade war.

Babatunde Fashola, SAN

THE

HONOURABLE MINISTER OF

POWER, WORKS & HOUSING,

Babatunde Fashola, SAN

Invites

State Commissioners & Permanent Secretaries of Works, DPR, ASCA, NPA, NUPENG, NURTW, Cement Manufacturers, NARTO, Fleet Owners, MAN, Tank Farm Owners, Petroleum Tanker Drivers, Oil Marketers, PENGASSAN, Academia and all stakeholders in the road sector to a

ONE-DAY PUBLIC ENLIGHTENMENT FORUM

DEVELOPMENTS IN THE ROAD SECTOR

Arik Air will effective March 17, 2018 operate its Lagos-Port Harcourt Flights from Murtala Mohammed Terminal 2 (MMA2).

CONSEQUENCES OF CLIMATIC CHANGE IN NIGERIA: STRATEGIES FOR MITIGATION AND ADAPTION

The Board of Trustees of the

STEPHEN OLUWOLE AWOKOYA FOUNDATION FOR SCIENCE EDUCATION (SOAFSE)

Announces the

23RD ANNUAL LECTURES, AWARD OF HONOURS & POST GRADUATE SCHOLARSHIPS

OSCAR AGENCY INDUSTRIAL LIMITED

SERVICES

Oil Field Engineering

Oil & Gas Services

Equipment Maintenance

Oil Spillage Cleaning

Waste Management

BELVIC TECHNOLOGIES LIMITED

5th Floor, Mulliner Towers, 39A, Alfred Rewane Road, Ikoyi, Lagos, Nigeria

+2348032787564, +2349063505147, anne.monye@belvictechnologies.com, www.belvictechnologies.com

Lukman Otunuga

Market expectations that the Central bank of Nigeria will eventually cut interest rates are likely to mount, as inflationary pressures in Nigeria become a thing of the past.

NIGERIAN NEWS DIRECT

LECTURE/AWARD

MAN OF THE YEAR CEREMONY

Wow!!! Folks, Enugu State is blessed to have a great business and political colossus and titan like Chief Oscar Okwume (Ikeogu Ndigbo). The political history of Enugu cannot be completely written without his name appearing. It is on record that this man contributed immensely to the gubernatorial victory of Rt. Hon. Ifeanyi Ugwuanyi in 2015 by delivering his local government and virtually all the local governments in Enugu North Senatorial Districts to the Peoples’ Democratic Party (PDP).

IMPROVED COCOA PRODUCTION FOR EXPORT: NEPC PARTNERS WITH ADEKUNLE AJASIN UNIVERSITY

Olusegun Awolowo, CEO, NEPC

Nigeria Export Promotion Council (NEPC) says it is working with the Adekunle Ajasin University, Akungba Akoko, (AAUA) in Ondo State on measures to improve production and distribution of cocoa seedlings to farmers, as well cocoa processing for quality exports.

BEHOLD TOYIN UMESIRI, A WORLD-CLASS ENTREPRENEUR AND CEO OF NAZARU, AFRICA’S EXPORT PLATFORM

After over a decade working in corporate America: Fortune 1 (Walmart) and Fortune 150 (Whirlpool Corporation), Nigeria-born-US based businesswoman, Toyin Umesiri, made the big leap to full time entrepreneurship after she resolved to follow her passion for Africa.

The robust U.S. jobs report on Friday managed to offset concerns of a trade war, at least for now. The 313,000 additional jobs took economists and markets by surprise as the figure exceeded even the highest expectations of 300,000 noted in a Reuters survey.

ELIEL JERAHMEAL NIGERIA LIMITED

22B, Ligali Ayorinde Street, Victoria Island, Lagos, Nigeria

+23414536554, +2348075558354, +2349032941432,

www.elielgroup.com

EXPORT COUNCIL RAISES ALARM OVER EXPOSURE OF NIGERIA’S ECONOMY TO EXTERNAL SHOCKS

Olusegun Awolowo, CEO, Nigerian Export Promotion Council

The Nigerian Exports Promotion Council (NEPC), has raised an alarm that despite Federal Government’s efforts to improve the non-oil sector, Nigeria is still largely dependent on the oil sector for its external revenue, and still exposed to “extreme vulnerabilities of external shocks”.

Nigeria in the last three months of 2018 made N34.82 billion from the export of sesame seeds, Cocoa beans and frozen shrimps as imports fell by 15.1 per cent quarter on quarter to N2.11 trillion, while exports grew by 9.35 per cent.

Industry experts have expressed fears that Nigeria may lose about N1 trillion as revenue from Cocoa by 2020 if nothing concrete is done to improve growing of the nation’s cash crop which generated US $ 338 .17 million in 2015 as export revenue.

TECTONO CONGRATULATES THE CHAIRMAN/CEO OF IFESINACHI GROUP OF COMPANIES, PRINCE DR. EMEKA MAMAH (IDE)

Prince Dr. Emeka Mamah

We congratulates the

CHAIRMAN/CHIEF EXECUTIVE OFFICER

IFESINACHI GROUP OF COMPANIES,

Prince Dr. Emeka Mamah (Ide)

On the anniversary of his birth.

Olusegun Awolowo, CEO, Nigerian Export Promotion Council

The Executive Director and Chief Executive Officer, Nigerian Export Promotion Council (NEPC), Olusegun Awolowo, has reiterated commitment towards a zero-oil economy, to be hinged on accelerated development of the non-oil sector with a view to expanding and increasing availability of high quality Nigerian products and services globally.

Almost three years after the ban on export of Nigerian dried beans to European Union (EU), the United Nations industrial Development Organisation (UNIDO) would in April, 2018 commence a pilot export of Nigerian dried beans to EU.

HOW THE CEO OF NIGERIAN EXPORT PROMOTION COUNCIL, OLUSEGUN AWOLOWO, ANNOUNCED HIS REAPPOINTMENT

Olusegun Awolowo, CEO, NEPC

“We are what we repeatedly do. Excellence, then, is not an act but a habit.” ~ Aristotle

I am honoured and humbled by my re-appointment as Executive Director/Chief Executive Officer of the Nigerian Export Promotion Council (NEPC) by His Excellency, President Muhammadu Buhari.

JOIN US IN GIVING 84 GREAT GBOOOOSSSSAAAAAS TO THE FOUNDER OF FCMB GROUP, OTUNBA DR. SUBOMI BALOGUN

We join families, friends, associates and the entire business community in felicitating with the founder of

FCMB Group Plc

Otunba Dr. Subomi Balogun, CON

As he marks the 84th anniversary of his birth

Bismarck Rewane, CEO, Financial Derivatives Company Ltd

The Chief Executive Officer of Financial Derivatives, Bismark Rewane, has projected the nation’s Gross Domestic Product (GDP) at 2.2 per cent this year, despite the upcoming general elections with its financing distortions.

Dr. Ibe Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said Nigeria has forever lost the United States as a significant crude export market.

At the backdrop of rising export value in Nigeria’s foreign trade statistics, a leading export consultant, Godwin Oyefeso, has advised Nigerian entrepreneurs who want to go into export to have documentation first, to legitimise the transactions.

Donald Trump & Kim Jong Un

President Trump agreeing to meet the North Korean leader, Kim Jong Un, pleasantly surprised the markets on Thursday. Just a couple of months ago, the two leaders were in in a rather childish spat over whose nuclear button was bigger and hurled insults at each other, at every opportunity. Now, they are about to make history, not only with a possible reconciliation, but also because this would be the first ever meeting between a U.S. president and a North Korean leader. Investors are hopeful that there will finally be a diplomatic breakthrough.

UNION TRUSTEES LIMITED METAMORPHOSES TO UTL TRUST MANAGEMENT SERVICES LIMITED

WOW!!! THE NEW PHASE OF TRUSTEESHIP

From

UNION TRUSTEES LIMITED

UTL TRUST MANAGEMENT SERVICES LIMITED

Professor Attahiru Jega

CITIZENSHIP & LEADERSHIP TRAINING CENTRE

An agency of the

FEDERAL MINISTRY OF YOUTHS & SPORTS DEVELOPMENT

Presents her

FLAGSHIP SUMMIT

For the reactivation of citizenship and leadership values as the panacea for achieving the economic recovery and growth plan (ERGP)

The launch of her

FEDERAL CONSTITUENCY CITIZENSHIP AND LEADERSHIP CHALLENGE

GOF AD

Do you know that the kind of #vehicle you drive goes a very long way in affecting your #image? Yes, your vehicle tells people, including your #prospective #clients, how #comfortable you are. #Comfort is directly proportional to #competence. Of course, if you are competent in what you do, you will be comfortable enough to afford at least a #brand #new vehicle. Have you ever wondered why #banks and other #financial #institutions give their #marketers brand new cars? Your level of comfort goes a long way in determining if your prospective clients will trust you. The reason why you have not won those contracts or deals could be because your prospective customers think that you are incompetent owing to how worn-out your car is. Yes, the onus is on you to acquire brand new cars. Top sales people buy new cars every year. Do you know what? That worn-out vehicle that you currently drive can look like a brand new one. We, at GOF AUTOS LIMITED can make it possible via total #body #work, #refurbishing, #priming, #painting with the best #paint in the #world called #SIKKENS #PAINT, #OVEN #BAKING with a world-class oven and #BUFFERING. #Blue-chip #companies, #CEOs and top #managers give us all their worn-out vehicles for body work. You, too, can enjoy our world-class services. For details about GOF Autos Limited, click: http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html

EXPORT

Hmmm!!! Folks, let us say the truth and shame the #devil. Many #Nigerian #non-oil products #exporters have been defrauded of huge amount of #money in the process of #exporting #agricultural #commodities and solid #minerals to #foreign #countries. Do you know why? They were not trained on #export #operations, #management, #documentations and the best methods of #payment in export #trade. This is terrible!!! Nigerians cannot continue to lose money to #foreigners in the course of export #business. Exporters, would you like to keep on being scammed? Why don’t you get a practical manual that explains the stages of export trade from processing and #packaging of commodities to receipt of payment by the foreign buyers? It explains export operations, export management, export documentations and methods of payment in export trade? Yes, it is a #contemporary step-by-step #guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on this link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

EXPORT

Fellow #Nigerians, are you aware that our #crude #oil will soon become useless? Yes, it will, in no distant time, become #valueless owing to the fact that the #countries that rely on it as their only source of #energy are developing more affordable #alternative sources of energy. When this finally happens, what will we do? How are we currently preparing for this imminent #economic doom? Which other sector will continue to stabilize our economy? Nigerians, the only #solution is developing the #agricultural sector. In fact, this is the only #solution. Very soon, the major source of revenue will become agriculture and #agro-exports. How are you positioning yourself to play big in agro-export #business? Why don’t you get a practical manual that explains the stages of export trade from #processing and #packaging of #commodities to receipt of #payment by the #foreign buyers? Yes, arm yourself with the #contemporary #trends in #export #trade. This manual explains export #operations, export #management, export #documentations and methods of #payment in export trade? Yes, it is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on this link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

IBEJU-LEKKI PLOTS OF LAND

Extra-smart #people deserve extra-smart #investment in #landed #properties at the new #Lagos, otherwise known as #Ibeju #Lekki. This is where great #developmental #projects are currently going on and in the next two years, it will surpass #Lekki Phase 1 Estate. Are you aware that #Lekki #Port will commence full operations in 2022? This implies #port #operations and #development are shifting from #Apapa to Ibeju-Lekki. Any plot of land you buy in Ibeju-Lekki now will appreciate by excess of 200% in 2022. Other notable attraction here include: Lekki #Free #Trade #Zone, #Dangote #Refineries, Eleko #Beach, Lekki, New #Epe #International #Airport, #Eleganza #Industrial #Estate, Pan #Atlantic #University etc. If you have not invested heavily in landed properties, you have not landed. Acquire genuine plots and hectares of land free from government encumbrance in our estates at Ibeju-Lekki. For details, click: http://www.tectono-business.com/2019/07/have-share-of-new-lagos-by-investing-in.html

Pages

Monday 26 March 2018

Sunday 25 March 2018

Saturday 24 March 2018

Friday 23 March 2018

Thursday 22 March 2018

Wednesday 21 March 2018

Tuesday 20 March 2018

Monday 19 March 2018

Sunday 18 March 2018

Friday 16 March 2018

Thursday 15 March 2018

Wednesday 14 March 2018

Monday 12 March 2018

Sunday 11 March 2018

Saturday 10 March 2018

Friday 9 March 2018

Thursday 8 March 2018