NGX, stakeholders to recommend solutions on deepening ETFs market
Nigerian Exchange Limited (NGX) in collaboration with key capital market stakeholders will be organising a workshop to address the major challenges and opportunities in the Exchange Traded Funds (ETFs) market. The NGX ETFs Conference themed ETFs in the Nigerian Capital Market: Opportunities and Challenges will hold virtually and will feature major players in the capital market including retail investors; regulators; pension fund administrators; fund managers Issuers; trading license holders and other institutional investors. It also aims to resolve the challenges experienced by issuers in the Nigerian ETF market. We believe the conference will further complement our efforts to boost liquidity and increase retail participation in the capital market. Also featuring on the panel are Ike Onyia, CEO, FBN Quest Asset Management; Oyelade Eigbe, Managing Director, Vetiva Fund Managers Limited; Aigbovbiose Aig-Imoukhuede, President, Fund Managers Association of Nigeria and CEO, Coronation Asset Management; Nornah Awoh, Chief Equity Analyst/CEO, Palesa Capital Markets Associates.
Source:Nigerian Tribune
April 17, 2023 15:53 UTC
Firm launches vehicle insurance product
ETAP, an insurance technology firm, has launched ETAP Takaful, a new car insurance product. The firm stated that its product was designed to redistribute funds to users and support social good in their communities. It added that policyholders can also receive their surplus via cashback or a discount on renewals. “We have built one of the most exciting insurance apps in the world and ETAP Takaful will make it easier for more people to access the many benefits that come with our app and enable more enjoyable driving experiences.”The firm noted that the global Takaful insurance market is projected to reach $97.17bn by 2030. It added that Nigerian users can now access the option on its app alongside other insurance options and immediately begin to give back to their communities while having their cars insured.
Source:Punch
April 17, 2023 08:32 UTC
Uplifting teachers critical to growth of education sector
This is why it’s critical to continue empowering not only our students, but also the teachers on the frontlines of education. Findings from HP’s recent education-focused survey in Africa, sheds light on the education landscape in the region. Presently she is in Tanzania, East Africa with her partner and children, working on teacher training programmes. She noted that she was excited to know HP was leading custom training for the teachers across Africa. Our next frontier in education is bridging the digital technology divide across the continent, for both educators and students.
Source:Punch
April 17, 2023 05:30 UTC
‘AAYO’ – The myth of new talent (2)
However, as is often the case, new talent may not be the silver bullet you need when there is a shortage of capacity in-house. If there are enough innovative ideas being generated in an organization, there may not be a need for new, replacement or substitutionary talent. People treat leadership with suspicion when there is evidence of the “aayo” syndrome in talent management. Create a learning organization as well as a conducive environment for individual growth and career advancement. Let current staff know that there is room for career growth.
Source:Nigerian Tribune
April 17, 2023 02:42 UTC
India: Former MP, Atiq Ahmed, brother shot dead on live TV
A former Indian politician, Atiq Ahmed convicted of kidnapping has been shot dead live on TV along with his brother, Ashraf Ahmed. Ahmed’s teenage son was shot dead by police days earlier. Dozens of cases, including kidnapping, murder and extortion, were registered against Atiq Ahmed over the past two decades. The video showed Ahmed and his brother, Ashraf, both in handcuffs, speaking to journalists on the way to a medical check-up at a hospital seconds before they were both shots. In the footage, shared widely on social media and TV channels, Ahmed is asked whether he attended his son’s funeral.
Source:Nigerian Tribune
April 17, 2023 00:59 UTC
Digital bank promises continued innovation to solve sector’s financial problems
Raven Bank, a digital financial institution, has marked its second anniversary by celebrating its positive strides in the banking sector, ensuring seamless payments across its digital platforms despite the prevailing challenges in the nation’s financial sector. We also saw that there were different ways people wanted to make use of their money which had not been possible. We are also investing heavily to ensure that people can do without smartphones and still transact using the USSD system. They have been using lots of products before now, but when they interact with ours, a lot of pain is taken away. He also hinted at the planned introduction of the Raven physical payment cards for naira and forex transactions later this year.
Source:Nigerian Tribune
April 16, 2023 21:47 UTC
Adidas Takes Lagos By Storm With New Flagship Store At Victoria Island
adidas, the iconic sportswear brand, has just opened its flagship store in the bustling city of Lagos in Victoria Island and this has left quite a mark on fashion and sports enthusiasts alike. BrandCo’s partnership with adidas has led to the opening of the fourth adidas store in Nigeria, the adidas Lagos Flagship. Tosin Oshinowo, a highly acclaimed Nigerian architect, creative entrepreneur, and founder of cmDesign Atelier, was the visionary behind the design concept of the adidas Lagos Flagship store. The launch of this flagship store was a star-studded affair, with some of the biggest names in the industry in attendance. The store is located at 642 Akin Adesola Boulevard, Victoria Island and is open to all walk-in customers.
Source:The Guardian
April 16, 2023 17:14 UTC
BREAKING: APC’s Binani declared winner of Adamawa gov election
The Resident Electoral Commissioner in the Adamawa State governorship election, Barrister Hudu Yunusa, has declared Senator Aisha Dahiru, popularly known as Binani, as the winner of the poll. Yunusa made the declaration following the supplementary election held Saturday. The PUNCH reports that the Electoral Act mandates the Returning Officer, not REC to announce such results. Details shortly…
Source:Punch
April 16, 2023 15:09 UTC
NPC plans insurance cover for 800,000 census enumerators
The National Population Commission has revealed plans to insure ad hoc workers, who will serve as enumerators for next month’s census amid the resurgence of insecurity in different parts of the country. “For this 2023 census, we are deploying over 800,000 ad hoc staff members. The NPC is assuring Nigerians that the 2023 census will hold on May 3 to May 5, 2023. So, what we will pay our ad hoc staff members depends on the degree of any eventuality. “In terms of logistics, most of our ad hoc staff members do not need to move to other states as they reside in their locations.
Source:Punch
April 16, 2023 11:51 UTC
South-south and Clamour for Senate Presidency – THISDAYLIVE
Ahead of the inauguration of the 10th National Assembly, several Senators-elect have begun lobbying for presidency of the Senate. But given its preeminent status in the bicameral federal legislature, who emerges the 10th Senate president also becomes the chair of the national parliament. The highest position the regions have produced is Deputy Senate President. Today, many believe that it’s politically deserving to allow the South-south geo-political zone produce the 10th Senate President in this new democratic dispensation. Even the then Senior Special Assistant to the President on Senate Matters, Senator Ita Enang, confirmed and praised him for it.
Source:The Guardian
April 16, 2023 08:13 UTC
2 arrested over alleged blasphemy against Prophet Muhammad in Kano
The Kano State Commissioner of Religious Affairs, Dr Muhammad Nazifi Bichi has said that the Department of State Services (DSS) has arrested two people, Baffa Hotoro and Habib Haroun, over alleged blasphemous statements they uttered against the personality of Noble Prophet Muhammad. He disclosed that the arrested persons are currently in security custody, undergoing interrogation over the alleged defamation they have committed. He added that the Kano State government has ordered for the discreet investigation to be carried out as part of the processes to prosecute them before the Court of law. He said, “It is blasphemy to make any derogatory statement against Prophet of Islam. He stressed that Kano State Government will soon establish Law to screen and guide public preaching, lamenting that the cases of blasphemy are worrisome.
Source:Nigerian Tribune
April 16, 2023 07:34 UTC
Former Super Eagles Striker Describes Emmanuel Ebiede’s Death as Sad
Former Super Eagles striker, Ishola Shuaibu, expressed his sadness over the death of ex-midfielder, Emmanuel Ebiede. Ebiede, who was just 47, passed away at the Rivers State University Teaching Hospital in Port Harcourt on Friday after suffering from Hepatomegaly. Shuaibu, who also played under Bora Milutinovic in the Super Eagles, spoke with The Guardian and expressed his pain at the loss of Ebiede at such a young age. “I always tell my colleagues to find time to rest and eat well after a stressful training. Milutinovic invited him to the Super Eagles on his first appearance in the domestic League.
Source:The Guardian
April 16, 2023 05:23 UTC
Add health to exclusive budget list, WHO urges FG
The World Health Organisation (WHO) has called on Nigeria government to add health to Exclusive budget list. Molumbo reiterated that WHO is looking forward to a world where health will be seen as enabler, socioeconomic development and not a consumption goods, a world where health issues will be treated as human rights. “We look to a world where health issues will be considered the same way they consider security and developmental issues. “We are working to eradicate polio globally mostly as an opportunity for us to remember why WHO was established and there was a constitution which is based on human rights approach”. We want to use it to remind the world that nothing can bite physical exercise especially as we are seeing demographic transition people are living longer , we need to adapt and adjust to health system and health issues of WHO”.
Source:Nigerian Tribune
April 16, 2023 05:13 UTC
Inside Nigeria’s centres for jihadists and their captives
More than two million have been displaced during the conflict with Boko Haram and Islamic State West Africa Province. In reality, Hajj Camp in Borno State is a centre for processing tens of thousands of jihadists, their families and those who lived under their control. Boko Haram leader Abubakar Shekau died after rivals Iswap invaded his hideout, demanding he pledge allegiance. More than 90 000 people formerly associated with Boko Haram and, to a much lesser extent, Iswap defected. She said Boko Haram “only preach and kill those who use drugs”.
Source:The Guardian
April 16, 2023 00:19 UTC
Kingmakers now consult pastors, not Ifa, to select kings –Oba Oluyede
Well, in our culture, there is no guarantee that any particular child is going to become a king. They (the farmers) don’t know what to do; they don’t know how to access Anchor Borrower’s loan; they don’t know how to access agricultural loans; so, they need a lawyer to help them with this and to help them negotiate with the financial institutions, so they are not cheated. If Ayede Ogbese kingmakers now consult Christian leaders, rather than Ifa, to choose the king, does that mean that the Ayede Ogbese stool is no longer a traditional stool? I told him it’s because most of us don’t know the history of the Yoruba properly. Ayede Ogbese means people have come to Ogbese river.
Source:Punch
April 15, 2023 20:54 UTC