Monday, 25 April 2016

Nigerians who invest, gain wealth

Lagos - Samuel Egube, Chairman of the Management Consultancy firm, AltAssist Limited, has stated that Nigerians need to further change their mindset with regards to investing to accrue wealth, Vanguard reports.
Egube said that for too long Nigerians as well as others across the continent have depended only on themselves to run a successful business and in doing so, many companies do not pass on from generation to generation.
The mindset of Nigerians, Egube believes has been too reliant on aspiring entrepreneurs believing that if they are not self-funded or are granted funding by banks, their business ideas are dead in the water.
He added that these entrepreneurs should invest their capital in each other and into companies rather than relying on the backing of banks to achieve wealth and success.
Vital to the development of confidence in investing however, is infrastructure, and more specifically power and logistics. These two things are needed to support new small businesses in being fully functional and sustainable.
A major stumbling block to the development of new businesses and wealth distribution is corruption. Corruption needs to be eradicated or minimised to enable business owners to have a fair opportunity in building successful enterprises.

Thursday, 21 April 2016

Mansory Rolls-Royce

After doing wonderful things to Rolls-Royce Wraith, prestigious tuner Mansory has now come up Mansory Rolls Royce Dawn 0 600x373 at Official: Mansory Rolls Royce Dawnwith a refinement program for that car’s topless sister, the Dawn. Despite getting a sizable boost performance and some visual upgrades, Mansory Rolls-Royce Dawn doesn’t count as an ‘extreme makeover’.
That is not very Mansory-like, holding back like this. But then again, they might be saving some tricks for a heavier project in the near future. At any rate, the first Mansory Rolls-Royce Dawn package features a newly designed front spoiler combined with integrated LED daytime running lights – the lip and radiator housing are made of carbon – aerodynamic side skirts, a boot lid spoiler designed to be elegant and not mess up the Roller’s exquisite lines, and a new diffuser with sport tailpipes.
An important part of Mansory Rolls-Royce Dawn unique appearance is due to a set of 22 inch Type V6 wheels, featuring a lightweight construction thanks to a special  aluminium alloy, shod with tires measuring 265/35/22 for the front axle and 295/30/22 for the rear axle. The new wheels also contribute to the performance of the car, boosted by a power upgrade from 570 hp/780 Nm to a massive 740 horsepower with over a thousand torque, dropping the 0-100 time to 4.5 seconds and upping the top speed to 285 km/h.
Since no Mansory car is complete with at least some form of interior upgrade, the Dawn can be equipped with brushed aluminium, carbon fibre, burl wood or highly polished piano lacquer as well as hand-crafted embroidering in the foot mats and the head rests.

New face of US$20 bill to be one-time slave Harriet Tubman

The one-time slave turned abolitionist Harriet Tubman was named Wednesday as the new face of the $20 banknote, the first time an African American has featured on US currency.
A sweeping redesign of the US bills to be unveiled in four years will also protect Alexander Hamilton’s central place on the $10 note, once thought threatened until Broadway’s hit hip-hop musical “Hamilton” made the 18th century US finance chief a modern-day star.
Hamilton’s latter-day successor, Treasury Secretary Jacob Lew, announced the changes slated for the $5, $10, and $20 notes after more than a year of lobbying and polling, with heavy pressure for a female figure to take place on a US banknote.
An open poll of more than 600,000 people had strongly favored Tubman, a hero to African Americans for her escape from slavery in Maryland in 1849 to help run the legendary Underground Railroad that helped thousands of slaves flee to freedom in the 19th century.
The announcement brought widespread cheers.
“A woman, a leader, and a freedom fighter. I can’t think of a better choice for the $20 bill than Harriet Tubman,” tweeted Hillary Clinton, the Democrat seeking to become the country’s first female president.
Clinton’s rival for the Democratic nomination, Bernie Sanders, echoed: “I cannot think of an American hero more deserving of this honor than Harriet Tubman.”

– ‘Role model’ –

The plan originally was to revamp the $10 note in 2020, possibly having a woman share it with Hamilton, while the $20 bill, one of the world’s most circulated banknotes, would wait another decade for redesign.
But the grassroots group Women On 20s launched a powerful campaign to get the $20 note revamp sped up, with a woman featured, in time for 2020, the 100th anniversary of American women receiving the right to vote.
“The decision to put Harriet Tubman on the new $20 was driven by thousands of responses we received from Americans young and old,” Lew said.
“I have been particularly struck by the many comments and reactions from children for whom Harriet Tubman is not just a historical figure, but a role model for leadership and participation in our democracy.”
Lew also came under pressure over the talk of changing the $10. Hamilton is a hero in the Treasury as the architect of the US financial system.
Lin-Manuel Miranda, the creator and star of “Hamilton”, lobbied Lew when the official attended the musical in New York. Miranda later said Lew had assured him his fans would be happy with the decision.
Women and African Americans will feature more broadly in the remakes of all three bills. US currency traditionally has featured a president or one of the founding fathers like Hamilton on the front and a monument on the back.
Women have only featured twice before: first president George Washington’s wife, in 1886, and the native American folklore heroine Pocahontas in 1875.
The new $10 note will depict a historic 1913 protest for women’s suffrage at the Treasury and several women, black and white, involved in that campaign.
The backside of the new $5 bill — which features president Abraham Lincoln on one side — will depict a number of historic events at his memorial in Washington, including Martin Luther King’s 1963 “I have a Dream” speech for racial equality.
The choice of Tubman pushed Andrew Jackson, a southern slave owner and general who was US president from 1829 to 1837, to the backside of the $20 note.
Lew said the target for the redesigns, which are complicated by the need to employ the most modern anti-counterfeiting technology, was 2020.

Thursday, 14 April 2016

The Best Advice for Using Social Media With Your Business

Social Media marketing has become a full time job and with good reason, it’s free and millions of people over the world are using it. Like anything it takes time to become successful on social media, but if you do it correctly and creatively you’ll soon stand out from the crowd:
Build your followers
Without followers none of your posts can be seen instantly, making your content pretty much worthless. Keep a watchful eye on your competitors, follow new users and build your conversations with other organisations, local businesses and partners. If users see you interacting and engaging with other people they may follow you.
Customer Service
The provision of customer service on social media has become axiomatic. Phone support service is becoming less the more we receive replies on Twitter and Facebook chat.
One in four UK consumers visit social to make a customer service complaint or query. Your customer service skills are on social media for the world to see so make sure you are seen helping consumers and keeping them informed.
Engage with your audience
The first thing people do is search for the business on social media. You can tell a lot about a business from their social media so it’s important to keep this in mind when creating your content and interacting with customers online.
You want to be seen as an approachable brand, a brand with a high reputation and friendly service.
Live stream
Live streaming has taken social media by storm. Periscope live video updates on Twitter are sharing over 350,000 hours of video each day and Facebooks new live video function update in January 2016 now lets users share live video with a click of a button.
Live streaming apps are the next big thing; try them out from your events, shows and offices. This tool is huge in keeping users interested and engaged in your content. Be creative!
We’re all humans
We’re all humans behind social media; don’t expect anything less than the odd typo or broken link. It’s human error that occurs every day on social media no matter how big your brand is, so don’t hit panic stations, simply delete and reword or reuse the same content another time.
Social trends
Trends on social media are the most common topics of live conversation. These can be seen on most of your social media accounts as soon as you log in.
If you can be creative with your content and link into social trends you are onto a winner! Trends are great for engaging in new conversations and expanding your reach.
Video
Video is the hottest trend out there today. Over 70% of marketers report that video converts better than any other content medium on social media. Facebook and Snapchat are now getting more daily views than YouTube so keep your videos smart, shareable and personal.

Nipco converts 4,000 vehicles to run on gas



Nipco Plc, an integrated oil and gas company, said it had converted over 4,000 vehicles to run on Compressed Natural Gas.

The company said in a statement that it declared a turnover of about N115bn and a profit after tax of N1.4bn for the year 2015 in spite of the plethora of challenges in the industry during the period.
The Chairman, Nipco, Chief Bestman Anekwe, who was said to have disclosed this at the company’s 12th Annual General Meeting in Abuja, described the company’s turnover as moderate enough, considering the prevailing difficult environment in 2015.
He said the company’s entry into the CNG market in a joint venture with Nigerian Gas Company had continued to grow with over 4,000 vehicles currently running on gas.
Anekwe said, “The impressive increase in patronage from industries is also evident as more of them are converting to CNG to power their plants. The surge is gathering momentum and we will not stop until appreciable number of vehicles in Nigeria runs on natural gas.”
He noted that the company’s 2015 performance showed a 20 per cent decline in turnover from the 2014 figures of N145bn, while the profit after tax dipped by 30 per cent from N2.314bn to N1.419bn in 2015.
He said, ”We are well prepared to weather this rather grim period in our industry as management will not rest in achieving superior shareholders value in the industry in line with the board’s long-standing policy of exceeding shareholders’ expectations”
Anekwe said the Board of Directors was proposing a total dividend of N563m, translating into 300k per share from the profit after tax, while management had retained N1.2bn profit to strengthen the company’s working capital requirement.
The chairman said the company would continue to build an integrated petroleum company that would fit better into the energy reforms of the government, while delivering greater value to both its customers and shareholders.

Google begins digital skills training for 1million Africans

Google, the American multinational technology company has announced a commitment to train 1million young Africans in digital skills in the next one year, which is undeniably a capacity building opportunity for the continent.

Making the announcement on Tuesday, Google Country Manager, Juliet Ehimuan-Chiazor described the initiative as an amazing opportunity for businesses and digital entrepreneurs in Africa.
According to her, if people have the right skills, they can build business, they will become more employable and can really help to boost the economy of the continent.
“In 2015 we ran a survey across South Africa, Nigeria and Kenya just to understand how Africans are using the web. And we found out that 74% of the respondents said they will prefer to use digital tools for various tasks, while 69% of respondents said the internet is their first point of call if they need to get information.
“So more and more we are seeing internet as an integral part of our lives on this continent. A Makinson report also mentioned that from 2013 to 2020, the internet would have contributed $300billion to the economy and that ecommerce will go from non existence to a $75billion industry. So the opportunities are in numbers. And there is a World Bank study that says for every 10% increase in broadband, you have a corresponding 1.38% increase in GDP.
“From the work that we do, we do hear businesses talking about the fact that the internet really makes them more productive, but for a lot of them, they are not sure how. Which is why I am really excited that today we are announcing our commitment to training 1million people across top Saharan Africa with digital skills in one year,” she said.
In realising this commitment, Google, a content aggregator is supporting its partner, Livity Africa, to run two training programs: ‘Digify Bytes’ to give digital skills to young people looking to develop a digital career; and ‘Digify Pro’, a 3-month immersion program for digital specialists.
In his remarks, Taiwo Kola-Ogunlade, Google Communications and PR Manager, West Africa, noted that the tech company is committed to providing digital opportunities and encouraging business startups for the continent and across the world.
According to him, a group of 65 volunteer Googlers from around the world are helping the team with content development, ‘training the trainers’ and, in some cases, delivering the training sessions.
To achieve this feat, the global search engine launched Digify Africa, an online-learning portal that will house a range of digital skills courses, available to anyone in Africa – free. The courses are designed to be as “light” as possible so they don’t eat up valuable data and intending learners can even learn from any Smartphone.
In general, there are nine training courses already available and Google aims to have 50 available by July. These programs have already launched in Nigeria, Kenya and South Africa, and will be scaled to reach more people in the next 12 months.

Ikeja Electric targets 15,000 meters monthly

Ikeja Electric, one of the nation’s electricity distribution companies, has said it is targeting at least 15,000 customers monthly in its ongoing prepaid metering programme.


The company said the metering programme had started in all its six business units, adding that transformers and feeders were also being metered.

The Head, Corporate Communications, Ikeja Electric, Mr. Felix Ofulue, told our correspondent on the sidelines of a recent metering activity, “Our target is to be able to meter at least 10,000 to 15,000 customers on a monthly basis. So, it is a huge investment. Now, we have about 65 to 70 groups that are metering in various areas of our network.

“What Ikeja Electric is trying to do is to ensure that no customer will be left out at the end of the day. But the issue is that we are carrying out this metering activity feeder by feeder, and transformer by transformer. We will be able to measure the quantum of energy that is passing through each feeder and transformer.”

He said all the customers that had been metered were attached to one transformer or the other.

“But we might not be able to finish the metering of all customers at the same time. It is a gradual process; we have captured all their data. We have all the data of those customers that we are giving estimated billing to in our system and we are using the data to give them meters across all the units."

“We have six business units across Ikeja Electric network – Ikorodu, Ikeja, Shomolu, Oshodi, Akowonjo and Abule Egba. We make sure we spread whatever we are doing across all the business units so that the customers that we have metered will be able to tell others that truly we are metering. It is a gradual process, and we are going to make sure everybody is metered."