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Ecuador to Partner Nigeria on Trade Expansion

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  • Ecuador to Partner Nigeria on Trade Expansion

The Ambassador of Ecuador to Nigeria, Leopoldo Rovayo Verdesoto has pledged his commitment to boosting trade between Nigeria and his country with a view to improving the economic benefits of both countries.

He stated his when he led a delegation of embassy staff to the Port Harcourt Chamber of Commerce Industry Mines and Agriculture (PHCCIMA).

He added that he was hopeful of expanding new business frontiers and forging mutually beneficial partnership with the Chamber to promote Ecuadorian business interest in the state and region.

Verdesoto commended PHCCIMA’s effort at providing significant support to businesses and contributing to stimulating the local economy, which according to him, fall within the statutory objective of the Chamber.

He said PHCCIMA is strategic to his pursuit of healthy partnership as a chamber that has consistently maintained growth as the second largest and most active Chamber of Commerce in Nigeria.

Ecuador, according to him, has a lot of prospects, which have been enhanced with government’s effort to promote public policies focused on knowledge and innovation, diversification, partnerships, security and incentives for foreign public-private investments among others.

According to the Ecuadorian envoy, “We are interested in export/import from both countries in products like shrimps, tuna fish, straw hats, palm heats, all varieties of coffee, prawns even in the area of partnering to tap from the huge value chain in cocoa production, and chocolates which Ecuador is well-known for- as well as other products that can interest the state and Nigeria as a whole.

Verdesoto said the delegation had earlier visited Kano Chamber of Commerce, noting that Port Harcourt was the second visit aimed at deepening Ecuador/Nigeria business relationship, showcasing investment opportunities in Ecuador, and highlighting opportunities and policies put in place by the Ecuadorian government for smooth running of businesses for investors and the Chamber.

“Let me tell you a secret you don’t know, the hairs imported through the Panama canal is gotten from Ecuador, but because it is transported through the Panama canal, it is brandished Panama hair. Basically we can directly have an arrangement and collaboration to supply this hair in Nigeria because we are here to build bridges and partnerships and connect Ecuador to Nigerian businesses, “he added.

Receiving the Ambassador of Ecuador and his delegation, President of Port Harcourt Chamber of the Commerce, Dr. Emi Membere-Otaji expressed gratitude for forging a relationship and creating awareness about Ecuadorian investment opportunities and partnerships.

Membere-Otaji said it was evident that the Chamber has built significant reputation in partnerships even as she has the requisite knowledge, expertise and experience needed in virtually all areas of human endeavor.

He added that the chamber was committed to partnering with Ecuadorian investors in key areas that will be of mutual benefit.

”In PHCCIMA, our major objective is to ensure that businesses thrive and to create opportunities; we have listened to you, I want to assure you we will take this message to our members and begin to peruse into potent areas we can partner and invest. My distinguished Ambassador, you have come to the main stay of investors in the country, apart from being the capital of oil and gas, Port Harcourt is the commercial nerve centre for a variety of businesses, so this is home to businesses and we will partner with you and ensure we further strengthen the ties, ”he said.

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 long experience in the global financial market.

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TAJBank Joins e-Commerce Giants- Launches Nigeria’s 1st Ethical Online Mall

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TaJBank E-commerce

TaJBank Launches Ethical Online Mall

Abuja Nigeria July 8th, 2020  Nigeria’s most innovative Non-Interest Bank, TAJBank, has announced the highly anticipated launch of TAJMall, the nation’s first ethical online shopping mall.

The highly anticipated launch of the e-commerce site, which held recently, is coming closely on the heels of the commencement of its Agency Banking Network which began in June across thirteen (13) states in the country.

To celebrate this milestone, the brand will be holding a week long TAJMall campaign from 6th – 11th July 2020 to sensitize and also reward its new customers to its platform.

“This is a great milestone as we present a fully customer focused e- commerce platform offering 100 percent authentic brands from highly vetted vendors. Our mission is to rebuild trust in the online shopping niche, hence the emphasis on our platform being an ethical shopping mall. We want to deliver on our promise and make this an enjoyable and safe experience not just for our customers, but also for our numerous trusted vendors as well,” said Founder/COO TAJBank, Hamid Joda.

“Our customers place absolute trust that goods will be delivered exactly as requested, and we do not take that trust lightly, he added.

The brand expressed commitment to continuously deploy technological tools on it’s new e- platform to maintain optimal customer service delivery and ensure shopping on TAJMall remains a productive and hassle free experience.

Customers who log onto the tajmall.ng platform (or download the app), will have the opportunity to enjoy massive price slashes, shopping coupons, free shipping and other incredible offers. The Bank also intends to offer financing to its customers who shop on the mall.

“Well beyond our exciting line up of activities, they are assured the highest level of value each time they make a purchase on TAJMall. Our marketing insights have shown that there is an increasing need to match the kind of variety in product offerings that customers yearn for with the exceptional shopping experience that may at times be lacking. We aim to make that an unmatched experience right from the moment our customers visit our mall to the receipt of their items,” affirmed Co-Founder/CMO, Mr Sherif Idi.

Customers shopping on TAJ Mall are guaranteed 100% authenticity, official warranties from the brands, and a 5 day return policy at no extra cost to the customer.

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Warren Buffet to Give Out Another $2.9bn, Total Donations Now $37bn

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Warren Buffett's Donations

Warren Buffet Gives Away $2.9bn, Total Donations Now $37bn

Oracle of Omaha, Warren Buffet, has announced his yearly charitable donations to the five philanthropies he picked to donate most of his fortune to.

The billionaire plans to give out 15.9 million class B shares of Berkshire Hathaway worth $2.9 billion to the five philanthropies. This will bring his total philanthropic donations to $37 billion since 2006.

Warren Buffett

Buffet, who has promised to give away about 99 percent of his fortune, still hold 248,734 Class A shares of Berkshire valued at around $67.5 billion.

However, before he began given out his shares, Oracle of Omaha held 474,998 Class A shares of Berkshire, which would have worth about $129 billion as of today.

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UBA Appoints Ayoku Liadi, Oliver Alawuba as Deputy Managing Directors

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UBA Appoints New Deputy Managing Directors for its Growing Business

United Bank for Africa Plc (UBA) announced the appointments of Ayoku Liadi and Oliver Alawuba as the Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses, respectively.

In a statement issued by the bank and released on the Exchange’s website, the bank said the creation of the new positions represents further strategic recognition of the bank’s pan-African business growth.

The lender explained that its pan-African business now accounts for over 40 percent of its Group revenue, while Nigeria remains the bank’s largest market.

According to the bank, the new Deputy Managing Directors will report directly to the Group Chief Executive Officer (CEO), Kennedy Uzoka.

Speaking on the new appointments, Tony O. Elumelu, Group Chairman, said “In 2005, we set out our pan-African vision. Fifteen years later, we are present in 20 African countries, serving over 20 million clients, leveraging our service culture and technology platform, to provide an integrated and seamless customer offering across the continent.

“In Africa, we lead in innovation and service, whilst our International Business, operating from New York, Paris and London, provides global and African clients access to treasury, trade finance and corporate banking products, uniquely tailored to the African opportunity. These senior appointments represent our commitment to optimise our management structure to best serve our clients and drive our business success.”

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