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120 Women Bag WLI Entrepreneurship, Leadership Masterclass Certification

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  • 120 Women Bag WLI Entrepreneurship, Leadership Masterclass Certification

No fewer than 120 women have received various levels of professional business leadership training in Abuja, Lagos and Owerri.

The training was done under the 2019 Advanced Entrepreneurship Leadership Masterclass, which was organised by the Women Leadership Institute in partnership with the Small & Medium Enterprises Development Agency and The Box Office Hub.

During the programme, participants were taught skills capable of making their businesses succeed and how to lead others.

Chairperson/Founder WLI, Amb. Dr. Kema Chikwe observing participants in a group work session at the recently concluded 5-day ADVANCED ENTREPRENEURSHIP LEADERSHIP MASTERCLASS in Abuja

The WLI chairperson and founder, Dr. Kema Chikwe, while addressing the women in Lagos, urged them to maximise the opportunities of social media to promote their businesses.

Chikwe said, “You have to be knowledgeable in your business and in current affairs. You also have to be equipped with a working knowledge of Information and Communications Technology and social media. The WhatsApp, Facebook and Instagram on your phones are not just for chatting and posting pictures.

“You should be able to leverage these social media apps to promote your business. Knowledge is the foundation of all success.”

A statement from the WLI added that the programme, mainly designed for women entrepreneurs and women who are interested in business, took place from October 14 to 18; October 21 to 25; and October 28 to November 1  respectively, in the cities of Lagos, Abuja and Owerri, the Imo State capital.

It read in part, “Women from diverse walks of life received training in business leadership, and were exposed to leading practices, standards, processes, techniques and strategies that have been proven to enhance capacity for success in business.

“They also learnt skills in fundraising strategies and available funding opportunities; contemporary entrepreneurship leadership; creative competitive strategies; corporate governance; workplace ethics and stakeholder leadership; business finance best practices; marketing communications, branding and social media; Human Resources leadership and scale-up strategies, innovation in business, and so much more.

“Participants were privileged to the opportunity of a free business name registration with the Corporate Affairs Commission, free business plan development, free entrepreneurship consultancy services for three months, free registration in an active women social media platform, training, support and facilitation of access to Central bank of Nigeria (CBN) and Bank of industry (BOI) funding support programmes for Micro, Small & Medium Entreprises.

“They also got automatic membership of WLI alumni group, access to WLI database of information, networking opportunity with other female entrepreneurs, and ongoing support service from the WLI Team.”

Guest lecturers included Prof Seth Akutson (Prof of Entrepreneurial Economics), Dr. (Mrs.) Ifeyinwa Nwakwesi (serial/successful entrepreneur), Mrs. Chizor Malize (internationally acclaimed brand and marketing expert), Prof Gabriel Okenwa (Executive Director, Bank of Agriculture), and Mrs Wura Tunde Anjous (Principal Consultant, AVID).

There were also guest lecturers from partner organisations, SMEDAN and Box Office Hub.

AMB Dr. Kema Chikwe, WLI Founder/Chairperson with Head of Service, Imo State Civil Service, President/CEO, WLI and participants in a group photograph in Owerri during the 5-Day ADVANCED LEADERSHIP MASTERCLASS

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Portland Paints, Chemical and Allied Products Plc Agreed to Merge

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Portland Paints, Chemical and Allied Products Plc Agreed to Merge

Portland Paints and Products Nigeria Plc and Chemical and Allied Products Plc have agreed to merge, according to the latest statement from both companies.

In a statement released through the Nigerian Stock Exchange, the Board of Directors of CAP said we are “pleased to inform you that following discussions and negotiations, the Boards of CAP and Portland Paints have reached an agreement to undertake a merger between both entities (the “Merger” or the “Proposed Merger”).

Accordingly, we “hereby present to you the terms and benefits of the Proposed Merger for your consideration and seek your support and approval to effect the Proposed Merger.

“The Proposed Merger presents a compelling opportunity to create significant value for shareholders of CAP and achieve the company’s strategic growth objectives as a larger company with a broader product portfolio, more corporate owned brands and diversified revenues.

“The resultant entity is also expected to benefit from enhanced distribution capabilities in addition to economies of scale and operational efficiencies.”

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Tony Elumelu Acquires Shell, Total, ENI Stakes in OML 17

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Tony Elumelu Acquires Shell, Total, ENI Stakes in OML 17

Tony Elumelu owned Heir Holdings Limited and its related company Transnational Corporation of Nigeria Plc on Friday announced it has completed the purchase of 45 percent stake in Oil Mining Lease (OML 17) through TNOG Oil and Gas Limited.

The acquisition includes all assets of Shell Petroleum Development Company of Nigeria Limited (30 Percent), Total E&P Nigeria Ltd (10 percent) and ENI (five percent) — in the lease.

It was further stated that TNOG Oil and Gas Limited will also have the sole right to operate OML 17.

The field presently has a production capacity of 27,000 barrels per day. Also, there are estimated 2P reserves (proven and probable) of 1.2 billion barrels and an additional one billion barrels in possible reserves — all of oil equivalent.

A consortium of global and regional banks and investors provided a financing component of $1.1 billion for the largest oil and gas financing in Africa in over a decade.

In a statement released on Friday, Shell said the completion was after all the necessary approvals have were received from authorities.

“A total of $453m was paid at completion with the balance to be paid over an agreed period. SPDC will retain its interest in the Port Harcourt Industrial and Residential Areas, which fall within the lease area,” the SPDC said.

Speaking after the completion of the deal, Elumelu said “We have a very clear vision: creating Africa’s first integrated energy multinational, a global quality business, uniquely focused on Africa and Africa’s energy needs. The acquisition of such a high-quality asset, with significant potential for further growth, is a strong statement of our confidence in Nigeria, the Nigerian oil and gas sector and a tribute to the extremely high-quality management team that we have assembled.

“As a Nigerian, and more particularly an indigene of the Niger Delta region, I understand well our responsibilities that come with stewardship of the asset, our engagement with communities and the strategic importance of the oil and gas sector in Nigeria. We see significant benefits from integrating our production, with our ability to power Nigeria, through Transcorp, and deliver value across the energy value chain.

“I would like to thank Shell, Total and ENI, for the professionalism of the process, the Federal Government of Nigeria, the Ministry of Petroleum Resources, and the NNPC for the confidence they have placed in us.”

Tony Elumelu is the Chairman of Heirs Holdings Limited, Transcorp and United Bank for Africa Plc.

Also, read Transcorp Plc Acquires FGN’s 100% Equity in Afam Power for N105 Billion

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Exporters Say CBN Pre-export Requirements is Frustrating Export of Goods

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Exporters Say CBN Pre-export Requirements is Frustrating Export of Goods

Exporters have said the recently introduced pre-export requirements by the Central Bank of Nigeria is creating unnecessary bottlenecks for exporters and the movement of goods out of the country.

Exporters, who spoke under the aegis of the Network of Practicing Non-oil Exporters of Nigeria (NPNEN), said the electronic Nigeria Export Proceed Form now required by financial institutions from exporters had come with so many challenges.

Ahmed Rabiu, the President, NPNEN, explained that the new policy had several requirements that often led to delays and loss of income on the part of exporters.

He said, “We acknowledge the CBN’s desire to ensure that all exports out of Nigeria are documented in order to ensure that the proceeds of such exports are repatriated.

“However, the reality on the field shows that the process is causing undue delays and consequently, encouraging corruption.

According to them, in the new pre-export requirements, the Central Bank of Nigeria wants an export transaction to be initiated through eNXP processing on the trade monitoring system.

After which exporters are expected to have a pre-shipment inspection agent, the Nigeria Customs Service and other designated government agencies carry out their pre-export inspections.

The exporters said the pre-shipment inspection agent was expected to issue a clean Certificate of Inspection while Customs would issue the Single Good Declaration. All these they said takes time and delay goods from leaving the country on time.

Pointing to a recent report, they said about N868 billion worth of goods bound for export were stuck at the ports due to the new policy.

Speaking further Rabiu said, “For example, for the PIA to issue the CCI, the exporter is required to upload a certificate of origin as one of the supporting documents for the eNXP.

“The PIA is also required to upload the CCI to the TRMS(M) and until this is done, the Customs service will not issue the Single Good Declaration.”

He added, “After issuing the SGD, the customs is further required to upload it into the TRMS before the goods are allowed to be gated into the port and loaded on the vessel by the shipping line.

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