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Nigerian Exchange Drops By N672bn As Stocks Flop

Stock Market Maintains Downward slope, Investors Lose N20 Billion

Equity investors saw stocks plunge sharply on Tuesday as sentiment in the domestic stock market turned negative. This sent market capitalization down by more than Naira 672bn, allowing alpha-minded investors to secure early gains and reverse the previous uptrend.

Taking profits on BUACEMENT (-9.9%) and his MTNN (-1.8%) pushed the benchmark index up 2% for him. In addition, shares of ACCESSCORP, UBA, NESTLE GTCO, ZENITHBANK, FBNH and WAPCO also fell.

On the local stock exchange, MANSARD (-4.6%) and his WAPIC (-3.6%) were under selling pressure, while the insurance index fell 0.5% below him. Meanwhile, the oil & gas index rose 1.9% on TOTAL (+5.7%) and his buying interest in ETERNA (+10.0%). Year-to-date declines in yields slowed to 18.47% from 20.87%, reflecting bearishness on key performance indicators in the domestic stock market, market data showed. The market index (all shares index) fell 1234.20 basis points (-1.99%) to close at 60715.04.

Similarly, market activity declined as the total and total daily trading volume decreased by -8.14% and -13.04% respectively. Atlas Portfolio Limited said in a market update that around 1,107.34 million units worth £12,209.64 million had been settled in 12,194 transactions.

FCMB was the most traded stock on a volume basis, accounting for 16.35% of total trading volume. Tier 2 financial institutions are followed by STERLINGNG (9.72%), TRANSCORP (9.57%), UBA (7.90%) and ACCESSCORP (7.04%), which occupy the top five positions in the volume chart.

Zenith Bank accounted for 14.72% of the total trading volume on the stock exchange, making it the most traded share by value. CHIPLC topped the progress list with a price increase of 10.00 percent.

Second place was ETERNA (9.96%), CHAMS (+9.88%), ETRANSACT (+9.87%), SKYAVN (+9.87%), and 28 other companies. Market data showed 44 stocks fell, with LASACO the biggest loser, down 13.90% to ₦2.30. PZ decreased by 10.00%.

WEMBANK fell 9.98%, BUACEMENT fell 9.86%, TRANSCORP fell 9.84% and UBA fell 5.20% of market price. The market width closed profit-taking negative, with 33 winners and 44 losers.

The Markets division also finished negative, Specifically, four out of five major market sectors recorded declines, with industrials (-4.25%) leading the way, banking (-3.88%), consumer goods (-1.35%) and insurance (-1.35%). -0.52%) followed. %), while the Oil & Gas sector grew (+1.91%). Overall, the stock market lost £672.03 billion and closed at ₦33,731.84 trillion to ₦33,059.81 trillion. NGX loses 672 billion naira due to falling share price. Nigerian government bond yield rises to 7%

Why You Should Add Crypto To Your Retirement Mix

Why You Should Add Crypto To Your Retirement Mix

In the present computerized age, getting your retirement and achieving financial independence ought to be among the main concerns. As traditional investments like stocks, bonds, and land have been generally depended upon, the quick rising of cryptocurrencies has opened up intriguing opportunities for expansion and long-haul development.

The inclusion of cryptocurrency in your retirement portfolio can end up being an essential move with critical benefits. This article dives into the exceptional opportunities and advantages that accompany integrating cryptocurrency into your retirement portfolio. By digging into the universe of digital resources, you can take advantage of the potential for significant monetary benefits while exploring the changing scene of the worldwide economy.

Edge Against Inflation and Economic Uncertainty

One of the primary reasons to consider adding crypto to your retirement mix is its potential to serve as a hedge against inflation and economic uncertainty. Unlike fiat currencies, cryptocurrencies like OduwaCoin, Bitcoin and Ethereum operate on decentralized networks, making them immune to government policies and central bank interventions. As a result, crypto investments have the potential to preserve your wealth in times of economic instability and protect your retirement savings from the erosion caused by inflation.

Long-Term Growth Potential

Another compelling reason to include cryptocurrencies in your retirement portfolio is their long-term growth potential. While cryptocurrencies can be volatile in the short term, they have shown remarkable growth over the past decade. By allocating a portion of your retirement savings to cryptocurrencies, you can potentially benefit from their ability to generate substantial returns over the long haul.

Access to Innovative Technological Advancements

Cryptocurrencies are not only an investment opportunity but also a gateway to innovative technological advancements. The underlying technology of cryptocurrencies, known as blockchain, has the potential to revolutionize various industries, including finance, supply chain management, and healthcare. By investing in crypto, you align yourself with the cutting-edge developments in these sectors, which could contribute to your retirement portfolio’s overall growth and value.

Accessibility and Control

Unlike traditional investments that often require intermediaries such as brokers or custodians, cryptocurrencies offer a level of accessibility and control that is unmatched. With a crypto investment, you have direct ownership and control over your assets, eliminating the need for intermediaries and associated fees. Additionally, cryptocurrencies can be easily bought, sold, and stored in digital wallets, providing you with greater flexibility and convenience in managing your retirement portfolio.

Start Small and Learn Along the Way

If you’re new to cryptocurrencies, adding them to your retirement mix might seem intimidating. However, remember that you can start small and gradually increase your exposure as you become more comfortable with the technology and market dynamics. Educate yourself about the fundamentals of cryptocurrencies, stay updated on industry trends, and consider consulting with a financial advisor who specializes in digital assets. By taking a measured approach, you can navigate the world of crypto with confidence and potentially reap the benefits it offers for your retirement.

In conclusion, adding cryptocurrencies to your retirement mix can provide diversification, hedge against inflation, and tap into long-term growth potential. It allows you to be part of the innovative world of blockchain technology while maintaining accessibility and control over your investments. Start small, stay informed, and be mindful of the risks involved.

Nigeria’s Food Inflation Rate Rising Rapidly

First Aquagrico Farms To Build Nigeria's Largest Farmer's Market

The National Bureau of Statistics (NBS) said in its May “Specified Food Price Monitoring” report that prices of foods such as tomatoes, rice and yams were rising as the consumer price index continued to rise.

According to the report, the average price of a kilogram of tomato rose 17.68 per cent year-on-year, from N423.48 in May 2022 to N498.34 in May 2023. The number of tomatoes increased by 2.73 per cent in May, compared to Naira 485.10 in April 2023. .

The average price of 1kg of locally grown rice (bulk) increased by 24.06 per cent year-on-year, from N447.51 in May 2022 to NGN555.18 in May 2023, it said. May rose 1.54% from 546.76 Naira in April 2023. Similarly, the average price of a kilogram of yam rose from Naira 372.23 in May 2022 to Naira 457.25 in May 2023, up 22.84 per cent year-on-year, the report said. The number of 1kg yam tubers increased by 2.83 per cent from 444.69 nairo in April 2023.

According to NBS, the average price of 1 kg of onion bulbs rose 17.12 percent year-on-year, from Naira 387.53 in May 2022 to Naira 453.86 in May 2023. Prices rose 2.83 percent month-on-month in May. N441.38 in April 2023,” NBS added.

The average price of a kilogram of boneless beef rose by 24.19% from N2,029.59 in May 2022 to N2,520.52 in May 2023, according to the report. The amount of one kilogram of boneless beef per month increased by 1.00% in May compared to NGN 2,495.69 in April 2023, according to the report.

The report analyzed state profiles and found that the highest average price per kilogram of tomato was Naira 957.95 in Edo and the lowest in Kogi at Naira 215.43. According to the report, the highest price for 1 kg of locally grown rice (sold in bulk) was 724.81 Naira at Ondo, and the lowest at 369.09 Naira at Jikawa.

According to the report, the highest average price for a kilogram of onion bulbs was N960.82 in Cross River and the lowest was N334.21 in Katsina. According to NBS, the highest average price of 1 kg of yams was N924.17 for him in Akwa Ibom, and the lowest was N214.79 for him in Benue. Furthermore, the highest average price of 1 kg of boneless beef was Naira 3,475.04 in Imo State and the lowest was Naira 1,790.14 in Kogi State. According to the zone-by-zone analysis, the average price per kg of tomatoes was highest in the South-South and South-East at Naira 866.36 and Naira 665.68 respectively, while the lowest price was recorded in the North-East at Naira 276.64.

The highest average price per kilogram of locally grown rice (bulk) was NGN 654.00 in the South South region, followed by the Southwest region at NGN 619.24, and the lowest price in the Northwest region at NGN 477.06.

According to the report, the average price of 1 kg of onion bulbs was highest in the south and south regions at NGN 687.01, followed by the southeast at NGN 649.45 and the lowest at NGN 261.39 in the northeast.

The highest average price of 1kg of yams was Naira 632.60 in the Southwest, followed by the South East at Naira 600.74 and the lowest in the Northeast at Naira 229.45. According to the report, the average price of a kilogram of boneless beef was highest in the Southeast at NGN 3,278.98, followed by the South at NGN 2,699.04.

iPhone 15: Release Date, Unique Features, and Everything You Need to Know

All You Need To Know About iPhone 15

Apple’s iPhone lineup has always been highly anticipated, and the upcoming iPhone 15 is no exception. With each iteration, Apple continues to push the boundaries of innovation, setting new benchmarks for the smartphone industry. In this article, we will explore the expected release date, unique features, and everything you need to know about the iPhone 15.

iPhone 15 Release Date:

As of now, Apple has not officially announced the release date for the iPhone 15. However, based on previous patterns, we can make an educated guess. Apple typically unveils its new iPhones in September, so it is reasonable to expect the iPhone 15 to be announced around that time. Stay tuned for official announcements from Apple to get the exact release date.

Design and Display:

The iPhone 15 is expected to feature a refined design with a sleeker profile. While specific details are scarce, rumors suggest that Apple may continue the trend of an edge-to-edge display, providing an immersive viewing experience. The display is likely to be made of durable materials, ensuring superior clarity and vibrant colors. Apple’s attention to detail and commitment to aesthetics make the iPhone 15 an exciting prospect in terms of design.

iPhone 15 Camera Enhancements:

Apple has always been at the forefront of smartphone photography, and the iPhone 15 is expected to raise the bar even higher. While exact specifications are yet to be confirmed, rumors indicate that the camera system will undergo significant enhancements. We can anticipate improvements in resolution, low-light performance, and image processing capabilities. The iPhone 15’s camera will enable users to capture stunning photos and videos with exceptional detail and clarity.

Performance and Battery Life:

The iPhone 15 is likely to feature Apple’s latest A-series chip, delivering unparalleled performance and efficiency. This powerful processor will enhance multitasking capabilities, provide faster app loading times, and offer seamless gaming experiences. Furthermore, Apple is expected to optimize the iPhone 15’s battery life, ensuring extended usage on a single charge. With advancements in battery technology, users can expect improved endurance to keep up with their demanding lifestyles.

iPhone15

Security and Privacy:

Apple has always prioritized user security and privacy, and the iPhone 15 will be no exception. Advanced features like Face ID facial recognition technology and secure encryption algorithms will continue to protect users’ personal information. With Apple’s unwavering commitment to privacy, the iPhone 15 will offer peace of mind for users concerned about data security.

Software and Features:

The iPhone 15 will come with the latest iteration of Apple’s iOS, offering a seamless and intuitive user experience. Expect a host of new features and enhancements that further empower users. From augmented reality capabilities to advanced voice assistants, the iPhone 15 will provide a range of tools to enhance productivity, creativity, and connectivity.

Connectivity and 5G:

As 5G technology continues to expand, the iPhone 15 is expected to support even faster network speeds and improved connectivity. With 5G compatibility, users can enjoy faster downloads, smoother streaming, and better overall internet experiences. Apple’s integration of 5G technology in the iPhone 15 ensures that users stay connected in an increasingly connected world.

Storage Options:

Apple has been known to offer a range of storage options for its iPhones, and the iPhone 15 will likely follow suit. Users can anticipate various storage configurations to suit their needs, including options for larger storage capacities. While specific details are not yet available, it is safe to assume that Apple will continue to provide ample storage options to accommodate users’ growing needs.

Price Range:

The pricing for the iPhone 15 is still speculative, and Apple will announce the official prices closer to the release date. However, based on previous iPhone launches, it is expected that the iPhone 15 will be available in multiple variants, with varying price points to cater to different budgets.

The iPhone 15 promises to be another groundbreaking addition to Apple’s iconic smartphone lineup. With expected improvements in design, camera capabilities, performance, and security, the iPhone 15 is set to redefine user expectations. While we eagerly await the official release date and announcement from Apple, the rumors surrounding the unique features and enhancements only add to the excitement. Whether you are a tech enthusiast or simply an iPhone fan, the iPhone 15 is undoubtedly worth keeping an eye on. Stay tuned for updates as Apple unveils its next-generation smartphone, and get ready to experience the future of mobile technology.

GTCO Autism Conference 2023…Empowering Voices For Autism

GTCO Shareholders To Receive ₦3 Per Share

Guaranty Trust Holding Company Plc (GTCO) has announced dates for the 2023 GTCO Autism Conference and follow-up consultations. This year’s programme is themed “Empowering Voices for Autism” to promote inclusivity and self-advocacy for persons on the Autism Spectrum.

An offshoot of the Orange Ribbon Initiative, the GTCO Autism Conference has grown to become a reference point for autism advocacy and intervention in Africa, providing support and empowerment to thousands of people with neurodevelopmental disorders. Working with specialists and partner organisations within and outside Nigeria, the conference will feature lectures, panel discussions, and performances carefully prepared to showcase the diverse talents that exist in the autism community whilst also creating a platform for persons with ASD and their families to connect and share ideas with subject-matter experts on different aspects of autism spectrum disorder including its nature and management.

For Nigeria, the conference will hold on the 24th and 25th of July at the Muson Centre, Lagos, whilst the free one-on-one clinic will open from July 26th to 29th, at the Chapel of Light, Alausa, Ikeja. For Ghana, the activities will begin with a workshop on the 1st of August at the University of Professional Studies, Accra, Ghana, and consultations will last from August 2nd to 5th at the same venue.

Commenting on the 2023 GTCO Autism Conference, Mr. Segun Agbaje, Group Chief Executive Officer of Guaranty Trust Holding Company Plc, stated, “Society thrives when diverse individuals with their distinctive voices, perspectives, and cultures are welcomed and celebrated. It is therefore important that persons on the ASD spectrum are given the chance to succeed and empowered to experience life to its fullest.” He further added: “We are excited about the evolving insights on the management of autism and remain committed to ensuring that more and more persons with autism spectrum disorder (ASD) are able to find their voice and embrace their uniqueness whilst contributing meaningfully to society.”

GTCO is a leading financial services group with banking operations in Nigeria, West Africa, East Africa, United Kingdom alongside new businesses in Payment, Funds Management and Pension Fund Administration. Its leadership in the banking industry and efforts at empowering people and communities has earned it many prestigious awards over the years. Recently, the Bank was recognized as Africa’s Best Bank and the Best Bank in Nigeria at the 2021 Euromoney Awards for Excellence. It also retained its position as Africa’s Most Admired Financial Services Brand in the 2022 ranking of The Brand Africa 100: Africa’s Best Brands.

For more information on the GTCO Autism Conference and free consultations, please visit: https://csr.gtbank.com/autism.

Nokia And Apple Sign Long-Term Patent License Agreement

Nokia announced it has signed a new patent cross-license agreement with Apple which will replace the current license that is due to expire at the end of 2023. The terms of the agreement remain confidential between the parties.

Jenni Lukander, President of Nokia Technologies, said: “We are delighted to have concluded a long-term patent license agreement with Apple on an amicable basis. The agreement reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies.”

Nokia expects to recognize the revenue related to this new patent license agreement starting in January 2024. The agreement is consistent with the assumptions Nokia has disclosed in the commentary with respect to Nokia Technologies long-term outlook in its Financial Report for Q1 issued on April 20, 2023.

Nokia’s industry-leading patent portfolio is built on more than €140 billion invested in R&D since 2000 and is composed of around 20,000 patent families, including over 5,500 patent families declared essential to 5G. Nokia contributes its inventions to open standards in return for the right to license them on fair, reasonable and non-discriminatory (FRAND) terms. Companies can license and use these technologies without the need to make their own substantial investments in the standards, fueling innovation and the development of new products and services for consumers.

Stanbic IBTC Pension Managers Set To Host LATTES  3.0

Stanbic IBTC Pension Managers Inspires Women To Shape The Future

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings PLC, is set to host the third edition of its Ladies At The Table Empowerment Series – LATTES 3.0. The virtual event aims at empowering women in business and career to achieve their business and career aspirations while enjoying a well-balanced life.

Scheduled to take place on Wednesday, 05 July 2023, LATTES 3.0 will feature an exceptional lineup of accomplished speakers, including Juliet Ehimuan, Founder, of Beyond Limits and Ex-Director, Google West Africa; Dr. Omolola Salako, Founder, Sebeccly Cancer Care and Pearl Oncology Specialist Hospital; Tobi Ayeni, Founder, MissTechy; and Solape Akinpelu, Co-founder and CEO, HerVest. These women will share insights, experiences, and practical strategies for success in life as a working woman. Participants can look forward to engaging in panel discussions, interactive workshops, networking opportunities, and more.

Through LATTES 3.0, themed: “The Woman of the Future”, Stanbic IBTC Pension Managers aims to create a supportive and inclusive environment where women can engage with industry leaders, acquire valuable knowledge, and build meaningful connections.

According to Olumide Oyetan, Chief Executive, Stanbic IBTC Pension Managers, the initiative was designed to empower women to reach their full potential while transcending stereotypes.

“As a financial institution committed to the long-term success of our clients, we pay particular interest to our womenfolk, many of whom are defying norms, pushing boundaries, and achieving great feats. We want to create a platform for even more women to thrive. With initiatives like LATTES, we facilitate meaningful connections and provide a platform for dialogue and collaboration with the hope that we can help more women attain success in their personal and work lives.”

Olumide encourages women everywhere who want to grow in life, business and career to join LATTES 3.0 on 5 July 2023. Interested women and those who love them can register for LATTES 3.0 by downloading the Stanbic IBTC Events app on Google Play or App Store.

Stanbic IBTC Bank Affirms Commitment To Global Trade Growth For Businesses

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, underscores the significance of preparedness and expertise for Nigerian businesses aiming to expand their operations on a global scale.

The Bank emphasises that a comprehensive understanding of export regulations, market conditions, cultural disparities, and strategic partnerships is crucial in helping businesses navigate the complexities of international trade and enhance their chances of success.

During a recent appearance on 99.3FM NigeriaInfo’s 3T Impex AfCFTA Trade Discourse radio show, Lu Fan, Senior Manager of Business Development for Africa China Banking, Business and Commercial Clients at Stanbic IBTC Bank highlighted the substantial potential of exporting goods and services for businesses to broaden their customer base, boost revenue, and gain a competitive advantage in the global market. However, successful exports require more than just a desire to enter new markets; they demand the presence of a strategic partner who can assist in navigating the complexities of international trade.

According to Lu Fan, the Stanbic IBTC Africa-China Trade Solution is a platform that enables Nigerian businesses to engage in trade with Chinese counterparts, providing various financing options and risk management tools to facilitate smooth and secure transactions.

The solution encompasses various trade finance products, such as letters of credit, guarantees, and documentary collections, which help mitigate the risks associated with cross-border trade. Additionally, the platform offers foreign exchange services to enable businesses to manage currency fluctuations. Through its partnership with the Industrial and Commercial Bank of China (ICBC), one of the largest banks globally, seamless processing of transactions between Nigerian and Chinese businesses is ensured, along with access to a broader range of trade finance products and services.

“Our team of experts at Stanbic IBTC Bank provides guidance and support to businesses as they navigate the complexities of international trade. With our deep expertise in export finance, trade facilitation, and other critical areas, we are well-positioned to help businesses succeed in the global marketplace,” stated Lu Fan.

The Stanbic IBTC Africa-China Trade Solution supports Nigerian businesses seeking to expand operations into China or strengthen their trade with Chinese counterparts. With its comprehensive range of financing, risk management tools, and strategic partnerships, the platform offers a robust and secure solution for cross-border trade.

Stanbic IBTC Bank encourages businesses to prioritise strategic trade partners, and with its diverse client base, including local corporates, multinationals, and government entities, the Bank is well-equipped to support businesses in their global trade endeavours.

For guidance on Africa-China Trade Solution and enquiries, email us at CallMe@stanbicibtc.com

Best 7 Cars You Can Buy For Less Than 7 Million Naira

Lamborghini To Unveil Hybrid Cars, First Electric Car In 2024

When it comes to finding an affordable and reliable car, it can often be a daunting task. But don’t worry. We at BizWatch Nigeria done extensive research and compiled a list of the top 7 cars you can buy for under 7 million Naira.

Whether you’re buying for the first time or looking for an affordable upgrade, these vehicles offer an amazing blend of affordability, reliability and style.

1.Toyota Corolla:

Known for its reliability and practicality, the Toyota Corolla is a true icon. The Corolla has proven to be an excellent choice within the budget class due to its enduring reputation, outstanding fuel efficiency and comfortable ride.

2.Honda Civic:

Combining affordability with performance, Honda’s Civic has become a favorite among car enthusiasts. The Civic is characterized by its elegant design and sporty driving. It has a reputation for durability and cost performance, and is even more attractive.

3.Hyundai Elantra:

The Hyundai Elantra is a compact sedan that exceeds expectations in terms of features and value for money. With its attractive design, comfortable cabin and spacious luggage compartment, the Elantra offers a lot of features at an affordable price. It’s packed with the latest technology features, making it an attractive choice for budget-conscious buyers.

4.Ford Fiesta:

The Ford Fiesta may be small, but it offers a vibrant driving experience and impressive fuel economy. With agile handling and thoughtful interiors, the Fiesta is perfect for city riding or your daily commute. A harmonious balance is struck between affordability, comfort and practicality.

5.Kia Rio:

In the compact car segment, the Kia Rio is a notable competitor. With its eye-catching design, spacious interior and user-friendly technology, the Rio is a hit. The smooth, comfortable ride makes it an attractive option for those on a budget.

6.Nissan Almera:

The Nissan Almera combines affordability and reliability, making it an attractive option for budget buyers. The spacious interior, comfortable seats and excellent fuel efficiency make it ideal for long journeys and daily commutes. Almera is affordable and offers excellent value for money.

7.Volkswagen Polo:

The Volkswagen Polo is a versatile compact car that impresses with its robust finish and driving experience. With its stylish design, comfortable interior and the latest safety and technology features, the Polo exudes European charm. Its reputation for reliability makes it even more attractive at this price point.

Finding a quality car within your budget doesn’t mean sacrificing safety, performance or style. His seven cars featured above are excellent options for buyers looking for a vehicle priced under N7 million. From reliable models like the Toyota Corolla and Honda Civic to stylish models like the Hyundai Elantra and Volkswagen Polo, these cars have a range of features that make them attractive choices. If you’re looking for an affordable and reliable vehicle, these options are worth considering.

IATA Reports Passenger Traffic Increase By 60% In Nigeria

IATA Reports Passenger Traffic Increase By 60% In Nigeria

The International Air Transport Association, IATA, has reported a significant increase in Nigeria’s passenger traffic and seat capacity, reaching nearly 60 per cent above the levels recorded in 2019. This growth marks a continuation of the positive results already seen in the final quarter of 2022.

The association disclosed this during its recent Focus Africa Conference in Addis Ababa, Ethiopia.

It stated that African airlines witnessed a remarkable 87.1 per cent year-on-year growth in revenue passenger kilometres in the first quarter of 2023, bringing RPKs to only 9.4 per cent below their 2019 levels.

The conference, which attracted the participation of more than 400 aviation leaders and stakeholders, tackled critical issues affecting air travel and cargo transportation in Africa, covering topics such as safety, regulation, sustainability, trade, and economic growth in the region.

There are divergent outcomes in terms of origin-destination passenger traffic and airline-scheduled seat capacity for specific countries in Africa.

In Northern Africa, Egypt, and Morocco experienced a substantial increase of 29 per cent and 20 per cent, respectively, in passenger traffic during Q1 2023 compared to the same period in 2019.

Airline capacity in Egypt also kept pace with passenger traffic, growing by 30 per cent in comparison to the first quarter of 2019.

Morocco and other nations saw passenger numbers increase faster than airline seat capacity, indicating more efficient use of airline capacity.

Meanwhile, in Eastern Africa, Ethiopia witnessed passenger and airline seat levels that were 19 per cent and 14 per cent above pre-pandemic figures, respectively.

According to IATA, longstanding structural and profitability challenges in Southern Africa continued to affect markets in the region, which lagged 2019 levels of aviation activity.

“Reflecting a weakened local economy and constraints on airline capacity, South Africa’s Q1 2023 passengers remained 12 per cent below 2019 levels, while scheduled seats were even further behind (27 per cent below).

“Still, this market showed significant improvement from the traffic and capacity deficits observed in the last quarter of 2022,” the association stated.

Additionally, the report highlights that Africa’s impressive rebound in air traffic has been accompanied by advancements in connectivity and increased competition among airlines in the region.

“To take full advantage of aviation’s contribution to economic development, efforts to liberalise aviation in Africa must intensify,” IATA asserted.

RCCG Open Heaven For Today, July 5 2023: Divine Blessing 1

RCCG Open Heaven For Today, Wednesday July 3 2023: Divine Blessing 1

OPEN HEAVEN 5 JULY 2023 MEMORIZE: 

The blessing of the Lord, it maketh rich, and he addeth no sorrow with it. Proverbs 10:22

OPEN HEAVEN 5 JULY 2023 BIBLE READING GENESIS 26:12-17

12 Then Isaac sowed in that land, and received in the same year an hundredfold: and the Lord blessed him.

13 And the man waxed great, and went forward, and grew until he became very great:

14 For he had possession of flocks, and possession of herds, and great store of servants: and the Philistines envied him.

15 For all the wells which his father’s servants had digged in the days of Abraham his father, the Philistines had stopped them, and filled them with earth.

16 And Abimelech said unto Isaac, Go from us; for thou art much mightier than we.

17 And Isaac departed thence, and pitched his tent in the valley of Gerar, and dwelt there.

Good morning beloved, read and share this much-needed message with your loved ones. God Bless you!

As a child of God, the opportunity to experience divine blessings is within your reach. Today, we shall delve into this concept and explore its profound significance. 

Today’s Powerful Confession: I confess today that I remain in health and prosper in all things just as my soul prospers for Christ is generous in grace, though He was rich, yet for my sake He became poor, so that by His poverty He could make me rich. God abundantly blesses me with provision in Jesus name. Amen. Hallelujah!

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Sonnie Ayere Bags Lifetime Achievement Awards

Founder and Group CEO of DLM Capital Group, Sonnie Babatunde Ayere, has received a lifetime achievement award from The International Investor. This award is intended exclusively for business executives who have achieved a notable accomplishment that is currently benefitting the community and will do so for many years to come.

Mr. Ayere has been recognized for his firm understanding of macroeconomic fundamentals and more than 30 years of solid expertise in Corporate and Structured Finance, Banking, and Asset Management.

Mr. Ayere has worked with HSBC, NatWest Bank, Sumitomo Mitsui Bank, Bank of Montreal Nesbitt Burns in London, and the International Finance Corporation. He has consulted on and negotiated challenging mandates for several enterprises and governments in Sub-Saharan Africa. Mr. Ayere left United Capital Group, formerly known as UBA Global Markets Ltd, as its Managing Director/Chief Executive Officer in 2009 to start Dunn Loren Merrifield (now known as DLM Capital Group).

Mr. Ayere has applied his expertise in areas of national service to the Federal Government of Nigeria, prior to setting up DLM Capital Group. Despite external considerations, Sonnie Ayere pioneered IFC’s involvement in and championed the establishment of the Nigerian sovereign bond market in 2004 and was the primary IFC counsel to the Nigerian Debt Management Office on market development. It effectively launched in 2006 with the first issuance calendar and has since been a significant source of liquidity in the financial sector, thereby expanding the size of the capital market. The Financial Market Dealers Quote (FMDQ) now values Nigeria’s domestic bond market at N28.94 trillion as of July 15, 2022.

Dr. Ngozi Okonjo-Iweala then nominated him as task manager for the establishment of the Nigeria Mortgage Refinance Company Plc (NMRC), and he was named its first managing director. He was also a member of the Inaugural Nigerian Bond Steering Committee set up by Dr. Ngozi Okonjo-Iweala in 2006.

DLM Capital was also named Best Development Investment Bank 2023 and Best Comprehensive Investment Firm 2023 by Investor Awards. Mr. Ayere’s 14-year leadership of DLM Capital Group has remained focused on driving the development of the Nigerian economy by focusing expertise on key sectors such as consumer credit, agriculture, microfinance, and education, in line with our developmental mandate, to help reduce poverty, improve living conditions for Africans, and mobilize resources for the continent’s economic and social development.

DLM Capital Group specializes in developing financing strategies and solutions for the Nigerian economy’s microfinance banks, asset financing, agricultural, infrastructure, electricity, energy, oil & gas, and mining sectors. DLM Capital Group is widely acknowledged as a market leader in the Nigerian capital market for providing best-in-class deal structuring and execution of advice and capital raising services.

CBN Reacts As PoS Agents Implement Rate Hike

CBN Reacts As PoS Agents Implement Rate Hike

The Central Bank of Nigeria, CBN has said it will intervene to resolve issues around the new charges adopted by Point of Sale operators in Nigeria.

Already, Point of Sale, PoS agents are meeting with stakeholders across the country to agree on changes in transaction charges for PoS services.

This is following increases in PoS charges across Lagos, Ogun, and Edo states. This was disclosed by the National Public Relations Officer, Association of Mobile Money and Bank Agents in Nigeria, Oluwasegun Elegbede.

According to him, other states are working to follow in Lagos’s footsteps and increase transaction charges. On Friday, June 30, the PRO, AMMBAN, Lagos Chapter, Stephen Adeoye, declared on Channels Television’s Business Morning programme, that the association has come up with a new price list for PoS agents operating in the state.

He said, “Let me tell you the price list, N1000–N2,400 will be N100 for withdrawal. N3500 to N4000 will be N200; N4,100 to N6,400 will be N300; N6,500 to N7,900 will be N400; N8500 to N10,900 will be N500; N11,000 to N14,000 will be N600; N14,500 to N17,900 will be N700; N18,000 to N2000 will N800 for withdrawal.”

Justifying the increase in prices by the Lagos chapter of the organisation, Elegbede said PoS agents are adjusting their prices to reflect the country’s current economic realities.

He said, “Yes, it is something that is expected to happen nationally, looking at business last year and the current economic realities, it is very important that we also continue to stay in business.

“Every other thing in the market has gone up, and we operate in the same market as every other business. Basically, the source of our business, the funding, the operational cost, and payment of staff is borne by us.”

He stated that agents need to increase their prices if they are to continue to stay in business. He argued, “We have to increase prices if we want to continue to stay in business, we need to balance cost. It will cut across all states. What we agreed on at the national level is that each state should come up with something that is realistic in their state, we cannot dictate prices for the state.”

Elegbede explained that every state will not adopt Lagos’s rate but will tailor theirs to prevailing peculiarities. “Many of the states are having meetings with stakeholders as we speak. Many of our members are in communities where there are stakeholders. Many of them are having engagements with these stakeholders. They are setting up committees to ensure that it is something that is well adopted and accepted by all.”

According to him, most mobile agents in the country are members of the association, and those that are not would increase align their costs to benefit from the increase in transaction charges. He affirmed that implementation of the new rates has kicked off in Lagos, and some other states have also increased their rates, albeit without much fanfare.

He added, “Some other states have kicked off with the new rates. Lagos is only getting most of the attention because of its economic status. Ogun has set up its price list. Edo has also started theirs and is coming up with its announcement soon. A couple of other states are also on it. We would be getting a couple of announcements state by state soon.

“The new rates are needed because of the current situation of the country. But it will still be very much affordable for the populace because we are also aware of our role in the economy.”

This move by AMMBAN is in defiance of the CBN, which recently released emergency telephone numbers for Nigerians to report PoS agents charging above N200 for withdrawal of amounts up to N10,000.

Commenting on the increase, the Director, Corporate Communications, CBN, Isa AbdulMumin, noted that CBN was aware of the move by PoS agent to increase transaction charges.

Responding to a text, he said, “CBN is very much aware and working towards resolving the issue.”

According to the Nigeria Inter-Bank Settlement System, there were 1.8 million PoS deployed machines as of the end of March 2023. Also, more Nigerians have begun to depend on PoS services with transaction value hitting an all-time high of N1.15tn as of the end of March 2023.

Dollar To Naira Exchange Rate Today (Wed. July. 5, 2023)

Dollar To Naira Exchange Rate For 8th Dec 2023

Dollar to naira, on Wednesday, July 5, 2023, opened at (undisclosed) at the Investors & Exporters FX window ( I&E FX Window), where the currencies officially trade.

According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed).

This would mean that the Nigerian currency dropped in value against the United States dollar, as the foreign exchange (forex) trading closed at ₦768.44 per $1 on Monday, July 3.

How much is the dollar to naira at the black market today?

Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to naira last exchanged between ₦770 and ₦780 with an average of ₦775.67 in the black market in the state.

It is, however, pertinent to note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in forex to approach their respective bank

Here Comes Twitter’s Rival App ‘Threads’

Here Comes Twitter’s Rival App ‘Threads’

We can all agree that Meta‘s app Threads comes at a right time as Elon Musk has set rules which are restricting the daily view of tweets, payments and so on.

Yes, it is Twitter rival app and Meta is ready to compete head-to-head with Twitter and if possible overthrow Twitter as the boss of social network.

Threads according to Apple Store “is where communities come together to discuss everything from the topics you care about today to what’ll be trending tomorrow.

“Whatever it is you’re interested in, you can follow and connect directly with your favorite creators and others who love the same things — or build a loyal following of your own to share your ideas, opinions and creativity with the world.”

Although Threads will be released on Thursday July 6, 2023, users can pre-order the app. The pre-ordering feature was made available on Monday July 3, 2023.

I have pre-ordered the app and as soon as Meta drops it app, it will be on my phone that same minute. Just like that. It beats having to search for the app once the announcement have been made.

Back to Twitter, several users have complained about Elon’s decisions for Twitter which has affected them a lot. Twitter used to be a free and engaging platform, since Elon took control a lot of changes have been made.

While Twitter is undergoing different changes dealing with disgruntled users, here comes Threads ready to make everyone happy. Sounds like the perfect timing right? Threads been released when Twitter is shaking.

The future app, according to Meta, will be linked to Instagram and users will not have to start with zero followers, which is a significant positive for the tech giant.

Unlike other apps, where users would have to start from scratch with no followers, Threads eliminates the need to start from scratch.

Although Meta has a reputation for repurposing concepts from other tech businesses, such as Snapchat’s stories and filters, TikTok’s reels, and Twitter’s Threads.

I actually admire Meta for taking an existing idea, altering it, and making it unique to its users and platform.

Threads
Threads

Threads: What to expect

While we await the arrival of Meta’s Threads, here are some things to look forward to.

1. Thread’s Interface

Threads interface will be similar to Twitter’s, making it easy to navigate and use.

2. Followers

Instagram and contacts can be linked to a user’s Threads account, making it easy to follow friends. Another advantage is that users do not have to start with no followers.

3. Threads is free!!

Unlike Twitter, which requires money for some of its services, Threads users will be able to use the program for free. Although I cannot anticipate whether it (Threads) will be commercialized in the future.

4. Conversation

Conversations will be just like using Twitter. Threads users will be able to communicate and see trends.

5. More tweets, no restrictions

You will be able to communicate and view tweets as you like with no limit or daily restriction.

6. Keep an open mind, it’s Threads

We all have expectations for this app, however, it will be nice to keep an open mind to eliminate any disappointment.

7. Language

In the digital communication world, there is no language barrier, Threads will be available in over 18 languages.

8. Privacy

Privacy is an important aspect of any app or product. Before the use of any app I love to check out the privacy section.

According to the Apple Store “The developer, Instagram, Inc., indicated that the app’s privacy practices may include handling of data as described below. This information has not been verified by Apple.”

Meaning that Threads will collect information about you and associate it with your identification. Browsing history, user content, Purchases, use date, sensitive information, diagnostics, contact information, financial information, contacts, location, and many other types of information.

What are you most excited about? Will you give Threads a shot? Although I try to avoid social media as much as possible, I will give Threads a shot.

I usually think of the app that could put Twitter on the edge or keep it on its toes and it seems like Threads might be the one. As July 6 draws nearer with one voice we chant “here comes Twitter’s rival ‘Threads'”.

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TMG Faults FG, INEC For Dismissing EU’s Electoral Report

TMG Faults FG, INEC For Dismissing EU's Electoral Report

The disregard of the European Union’s (EU) assessment on the 2023 elections by the Independent National Electoral Commission (INEC) and the Federal Government was termed as depressing by the Transition Monitoring Group (TMG).

According to the EU’s study obtained by BizWatch Nigeria, the 2023 election showed long-standing structural flaws, signaling the need for additional legal and operational reforms to improve openness, inclusion, and accountability.

The Federal Government (FG), on the other hand, dismissed the report on Sunday, calling the EU Electoral Observer Mission’s (EU-EOM) findings “jaundiced.”

Auwal Rasfanjani, Chairman of the TMG, said in a statement on Monday that local observers and civil society organisations working on election monitoring and democracy have also expressed similar worries about flaws in Nigeria’s electoral process.

“The recommendations by the European Union align with the views of many civil society groups and local observers.

:It is imperative that the government and INEC review those recommendations and work towards addressing the gaps in the electoral processes in order to make our electoral system more transparent, accountable and participatory to restore confidence in the process,” he said.

Rafsanjani further emphasized that democracy and good governance in Nigeria can only be consolidated and realized if the government genuinely conducts free and fair elections.

“We urge President Bola Tinubu to take courage and admit to the shortcomings with the electoral process which is evident by the violence and several election petitions going on in the country and the reduction of Nigerian’s participation in the elections, he should emulate late President Umar Musa Yar’Adua who admitted that there were gaps in his election and committed to reform the electoral system.

“Therefore, TMG urges president Tinubu to ensure effective reform.

“The EU witnessed the election process and their report should not be ignored. It is disheartening to see that the government and INEC are disregarding the recommendations from the European Union who they invited to observe the elections.”

He also stated that the government and INEC may be sending the wrong message by ignoring both local election observers and the EU Election Report.

He urged the government and INEC to work together to combat election corruption and impunity.

“The EU Electoral Report and local elections observers report should not be dismissed, but rather, it should be looked into, and the necessary action should be taken to ensure free, fair, transparent and credible elections in Nigeria,” Rafsanjani added.

‘Sit-At-Home’ Order: Ubah Orders Ekpa To Exclude Anambra

Senator Ifeanyi Ubah, who represents Anambra South in the Senate, has advised a Biafran agitator, Simon Ekpa, to take his sit-at-home protest to his own state of Ebonyi and leave Anambra State out of it.

Despite the mainstream leadership of the Indigenous People of Biafra, IPOB, discontinuing the exercise, Ekpa has been a staunch supporter of sit-at-home directives in the South Eastern states.

Senator Ubah expressed security and economic concerns during an Anambra South zone stakeholders meeting, citing the ineffective Monday sit-at-home order and calling for its abolition, beginning with Nnewi.

The Anambra South Senator admonished Ekpa, who he said was doing his work in Finland on Monday, to cease advising a sit-at-home order in Anambra State on Mondays.

Ubah said “I have heard from one Simon Ekpa, this is a warning Simon, for 17 good times you have mentioned Ifeanyi Ubah and I did not reply to you. You have been seeking my attention for 17 good times and I am answering you today, never ever mention Ifeanyi Ubah or Nnewi again.

“Your state Ebonyi is APC state and you have never one day mentioned your state Ebonyi. Ebonyi does not observe sit-at-home, you are in Finland contesting for councillorship or whatever, and you go to your job on Mondays but you want to deprive people because you have communication gadgets, you have the internet to run propaganda.

“I am elected officer of the Federal Republic of Nigeria and I represent the people of Anambra South. To you Simon Ekpa and your co-travellers, for anyone of you to mention sit-at-home again, you will start preaching the sit-at-home from Ebonyi before you continue to mention Anambra State and Enugu.

“I am telling you Simon Ekpa, be careful, I won’t say more than this, you have mentioned me 17 times and I’m going to reply once, Try me you will see.

“Go and observe sit-at-home in Ebonyi and also with your father, your family go and observe sit-at-home in your village and leave Anambra State alone,” Ubah said.

Despite spies’ attempts to influence in their business, the legislator stated that they will stick to their resolution to repeal any sit-at-home directive.

“As a representative of the people of Anambra State, Nnewi North being the political capital of Anambra South, we deem it fit to say we will not continue to sit at home on Mondays.

“From this Monday, every business based in Nnewi will be open for business. We have our men, we have our system – we know saboteurs will come to sabotage what we are doing but we are resolute to fight any aggressor that will come into this town,” Ubah declared.

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Meta Ready To Launch Threads On July 6

Threads Records 10million Users Upon Launch

Meta, a subsidiary of Facebook, has developed a new app called Threads to compete with Twitter, which will go live on Thursday.

A search done by BizWatch Nigeria shows that Threads was made available for pre-order on Monday on the Apple App Store and Google Play Store and the app will be linked to Instagram.

Threads on Apple Store

The new software, titled “Threads, an Instagram app,” will be launched in the coming days and is advertised in Apple’s app store as “Instagram’s text-based conversation app.”

According to Meta’s Threads app, it will be a free service with no limits on how many postings a user may access.

“Threads is where communities come together to discuss everything from the topics you care about today to what’ll be trending tomorrow. Whatever it is you’re interested in, you can follow and connect directly with your favorite creators and others who love the same things — or build a loyal following of your own to share your ideas, opinions and creativity with the world.,” according to the App Store description.

Threads timing

The launch of Threads comes at a time where Twitter users have been complaining about the decisions Elon and the limitations placed on daily views of tweets.

BizWatch Nigeria reported on July 2, 2023 the latest restriction to Twitter; the daily limit of tweets users can see. This move has been criticized by many of its users.

Elon said that Twitter will temporarily limit the number of tweets users could see every day, in an effort to limit the use of the site’s data by artificial intelligence firms.

Twitter has set a restriction of 6,000 tweets read per day for verified users. Non-verified users, or free accounts, which account for the vast majority of users, are limited to reading 600 tweets every day. New unverified accounts would have a tweet limit of 300.

Musk stated in a tweet on Saturday that the decision was made “to address extreme levels of data scraping” and “system manipulation” by third-party platforms, as certain users quickly reached their limitations.

A few of Twitter users moved to another app, another set in Nigeria called for a release of GB Twitter (an app which will bypass the restrictions) and BizWatch Nigeria foresees some of Twitter’s users downloading Threads.

Some persons have pre-ordered the app and are waiting for the launch on July 6, 2023. The world is watching for the launch to get a feel of the app.

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MyCredit Investments Limited Quotes ₦2.50bn Commercial Paper On FMDQ Exchange

MyCredit Investments Limited Quotes ₦2.50bn Commercial Paper On FMDQ Exchange

As part of its mandate to accelerate the development of the Nigerian debt markets, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) continues to use its credible platform to efficiently enhance the registration, listing, quotation, and trading of debt securities in the Nigerian financial markets.

In this regard, the Board Listings and Markets Committee of FMDQ Exchange has approved the quotation of MyCredit Investments Limited ₦2.50 billion Series 1 Commercial Paper (“CP”) under its ₦2.50 billion CP Issuance Programme on its platform.

MyCredit Investments Limited (the “Issuer”) is a digital consumer and small and medium-scale enterprises lender, and provider of digital financial services in Nigeria.

The proceeds from this CP, which is sponsored by United Capital PLC (Lead Sponsor), FBNQuest Merchant Bank Limited and Renaissance Securities (Nigeria) Limited (Co-Sponsors) – all Registration Member (Quotations) of FMDQ Exchange, will be applied by the Issuer for its general corporate purposes.

The Nigerian CP market, as administered by FMDQ Exchange, continues to provide issuers with renewed opportunities to grow their businesses and maintain the much-needed restored confidence of investors, whilst contributing to the overall growth of the Nigerian economy.

The Exchange will continue to provide a liquid, transparent and efficient market geared towards supporting the aspirations of corporates, to unlock the required capital to bridge the funding gap in their various sectors.

FMDQ Group is Africa’s first vertically integrated financial market infrastructure (“FMI”) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, and risk management for financial market transactions; depository of securities, as well as data and information services, across the debt capital, foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited.

As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.

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CNN’s Inside Africa Meets South Africa’s Creative Female Entrepreneurs

CNN’s Inside Africa Meets South Africa’s Creative Female Entrepreneurs

In the latest episode of Inside Africa, CNN International explores creativity and entrepreneurship in South Africa, meeting established names including celebrated jewellery designer Kirsten Goss and milliner Crystal Birch to find out what it takes to be successful in the region.

Cape Town is brimming with creativity and entrepreneurship and yet, only around 20 per cent of South African businesses are female-owned.

Kristen Goss is an inspiring figure in Cape Town, her commitment to fostering female entrepreneurship and promoting creativity has made a lasting impact, making the city a hub of innovation and empowering women to thrive in the business world.

Goss launched one of South Africa’s first major women-owned jewellery brands over twenty years ago, just before graduating from the University of Stellenbosch with a degree in jewellery design.

Kristen Goss

Goss explains how her first professional experience was invaluable, “It was a really great learning curve to understand the difference between pontificating over one brooch for three months, and working in the real world. What you’re actually doing in a career move is almost irrelevant if you don’t have the business side sewn up.”

Having always been drawn to jewellery, Goss has established a successful business which still has the love of design at its core. “There’s a subtlety with jewellery as opposed to fashion or other parts of the fashion industry.

“There’s obviously an intrinsic value with jewellery that you don’t necessarily have in other parts of the fashion world, and I love the fact that you can pour your heart and soul into something that has longevity and value,” she says.

Crystal Birch highlights her sense of fulfilment and pride in observing people enjoying her creations, “If I see people walking around with my hat and then I comment saying, ‘What an amazing hat’, they’ll be like, ‘Thank you. It’s Crystal Birch.

“’But they wouldn’t know that’s me. That’s a lovely feeling, to bump into people wearing them.”

Birch sees herself as a guardian of fading millinery tradition in South Africa, and after taking over the factory previously owned by her mentor Harry Faktor, her predominantly female team started again from scratch.

Crystal Birch

Her latest trans-seasonal collection aims to address and justify why each hat is designed and for what purpose. “We really know where we are, who’s our market,” she says.

The ‘When We See Us’ exhibition at the Zeitz Museum of Contemporary Art Africa celebrates the complexity of the Black experience by bringing together artworks from the last century. It resonates with entrepreneur Zahira Asmal who grew up in apartheid South Africa.

Today, Asmal is working with government organisations to preserve her neighbourhood Bo-Kaap’s identity in the city. Formerly called the Malay Quarter, where slaves from Asia and other parts of Africa settled in the 18th century, Bo-Kaap is now becoming a gentrified neighbourhood.

Zahira Asmal

An example of Asmal’s work making South African cities more integrated and inclusive can be seen in Cape Town. ‘Cultivate’ is a wine company set up in 2020 with the aim of empowering all aspects of the South African Black Wine industry, from producers to sommeliers.

“I learned through my urban work that Black people had been making wine in the Cape for 300 years. They’ve just never been centered in the story.

“When I brought that to Cultivate, a lot of young Black people were like, “I belong. Why did I feel like I was always crawling through? I belong here because my ancestors were here before me,” Asmal says.

According to Sommelier Lennox Nyengera, “Cultivate is probably the first initiative focusing on uplifting Black people in the wine industry.”

A serial entrepreneur, Asmal shares what she believes it takes to establish a successful business, “Tenacity. You have to be tenacious. You must not accept no for an answer.

“I often when I receive no as an answer, I say, “Why?” Because even if you don’t get it, if it’s not going to advance, it may advance another time.”

At the south-westerly point of South Africa – where the Atlantic meets the Indian ocean – wild food forager Roushanna Gray found the makings of a successful business.

Gray founded her company ‘Veld and Sea’ in 2017 to share her love of the edible landscape. Veld and Sea run interactive and immersive educational workshops, where guests explore nature by foraging and cooking local ingredients in nature.

Roushanna Gray

Now with a team of ten full-time staff, Gray is very proud of the progress Veld and Sea has made. “When I first started [the business], a lot of people thought I was completely crazy. “How can you make money teaching people how to eat weeds?”

“But over time, perceptions have shifted and changed slightly, and of course after lockdown, a lot of these outdoor experiences focusing on nutrition, food and health and wellbeing are being highlighted and are coming to the fore.”

She concludes by offering advice to aspiring entrepreneurs, “My advice out is to remember, success is when passion meets purpose. Find out what makes you truly happy and go for that.”

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