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Stakeholders Collaborate on Local Raw Materials, Equipment



  • Stakeholders Collaborate on Local Raw Materials, Equipment

Stakeholders from the Manufacturers Association of Nigeria, Raw Materials and Research and Development Council and Clarion Events are working on an arrangement that will ensure availability of raw materials, machinery and funding for large corporations as well as operators in the Micro, Small and Medium Enterprise sector of the Nigerian economy.

This was disclosed at a press briefing in Lagos, where they also announced the plan to organise an exhibition for this purpose.

They said the two-in-one event tagged Nigerian Raw Materials Exposition and Nigerian Manufacturing and Equipment expo, aimed to bring together, equipment manufacturers, suppliers as well as raw materials suppliers in a relationship that would see each depending on the other for critical equipment and input.

The Director-General, RMDC, Dr. Hussaini Ibrahim, said that the NIRAM expo was a flagship programme of the council premised on economic recovery and growth plan of the Federal Government, which was based on optimising the use of local content and empowering local businesses.

He said, “It is hinged on an industrial development strategy based on sustainable sourcing of raw materials.

Ibrahim said the previous editions of NIRAM had been responsible for local sourcing of high quality starch, glucose syrup and extracts, fruit juice concentrates, among others, by industries.

He said, “The NIRAM expo also created a platform for highlighting the challenges to local sourcing of gypsum and today, most of these challenges have been addressed and cement industries can now look forward to the sourcing of gypsum from local miners.

“The 2017 expo will ultimately result in increased patronage of high quality raw materials or intermediate input from local sources in preference to imported ones and therefore help to conserve foreign exchange and free funds for other development purposes,” he said.

In his remarks, the President of MAN, Dr. Frank Jacobs, said the 2016 edition of the Nigerian Manufacturing and Equipment expo, which incorporated NIRAM expo, was created in response to government’s commitment to industrialisation and diversification of the economy.

He said, “It provided a veritable platform for the SMEs to learn processes on how to boost their output, reduce cost, drive quality improvement, manufacture for new market and secure funding for growth.

“A major feature of the 2016 NME expo was the chief executive officers and government’s forum tagged, ‘Manufacturing Partnership for African Development’ session which was co-chaired by MAN and the Federal Ministry of Industry, Trade and Investment.

“These C-level sessions that took place alongside the NME enabled policy discussions between major stakeholders from both the public and private sectors of the Nigerian economy.

“A key aftermath of the 2016 mPAD forum was the provision of cheaper funding for the industrial sector by the Bank of Industry.

“In 2017, the sessions will again give top stakeholders in the private and public sectors the opportunity to appraise developments in manufacturing and jointly propose quick-win solutions that will help our country revive its manufacturing sector.”

Jacobs added that the 2017 event was expected to attract over 3,700 visitors and exhibitors, consisting of multinationals and member companies of MAN, large and small firms and other manufacturing equipment distributors from over 120 leading local and international suppliers. “There will be on display the latest manufacturing equipment, machine tools, technologies, spare parts and manufacturing raw materials,” he said.

The Managing Director of Clarion Events West Africa, Mr. Dele Alimi, said the recent inclusion of the NIRAM expo into the NME would afford several companies and countries that had registered as exhibitors and visitors to the expo, a rare opportunity of exposure to the entire manufacturing value chain, which would include machinery, equipment, financial support, professional consultancy and raw materials.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, 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



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 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



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




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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