Emefiele’s term runs out in June and he could be reappointed

Female deputy governor seen as a potential new bank chief



Godwin Emefiele Photographer: Chris J. Ratcliffe/Bloomberg

Nigeria’s central bank governor for the next five years will have to balance fighting inflation and propping up the currency against pressure to boost an economy that’s expanding slower than emerging-market peers.

Godwin Emefiele’s first five-year term ends in June and he could be reappointed. But with less than a month to go, the top post has also been linked to the regulator’s most senior female official and other potential candidates at institutional and development banks.

Below are some of the possible candidates to oversee monetary policy in Africa’s most-populous nation and largest oil producer. That is, unless President Muhammadu Buhari elects a governor that markets didn’t expect, as his predecessor did five years ago in Emefiele.

Godwin Emefiele

Since being appointed, Emefiele raised the key interest rate to a record high to contain price growth and bolster the naira, despite sluggish growth. His decisions to implement currency controls by restricting importers of around 40 items from buying foreign exchange, and his defiance of calls to devalue the naira, may be viewed favorably by Buhari, who’s keen to boost local production and wants a strong currency. The 57-year-old banker would want a second term if he is offered, a person close to the matter has said.

While Emefiele has forged a good working relationship with Buhari, no central bank governor has served more than one term since the end of Nigerian military rule in 1999.

Emefiele’s decision to float the naira and his reluctance until March to reduce interest rates while the Buhari government was pushing for looser policy to support its borrowing plans and stimulate the economy may count against him, Michael Famoroti, an economist and partner at Stears Business, said by phone from Lagos.

Aishah Ahmad

Ahmad was appointed by Buhari as deputy governor in March 2018 and oversees financial-systems stability. Her banking experience, at the former Diamond Bank Plc, Zenith Bank Plc and Stanbic IBTC Bank Plc, may be welcomed by business. At the January Monetary Policy Committee meeting she called for increased lending to small- and medium-sized enterprises. If picked for the post, Ahmad would be the first permanent female governor.

Source and more:
These Are Possible Candidates to Head Nigeria's Central Bank https://www.sanwomi.com/2019/05/these-are-possible-candidates-to-head.html



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The best way to be rich is to make money while you are not present or while you are sleeping.

Most billionaires always emphasise on the idea of having a business that money flows in, even if you are asleep.




Here are the ways you can make money while sleeping.


1 Own a dividend paying stock.

2 Own Rental properties.

3 Affiliate marketing.

4 peer to peer lending.

5 Run subscription service.

Source and more:
Make Money While You Sleep. https://www.sanwomi.com/2019/04/make-money-while-you-sleep.html



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1 Resume service.

2 Music lessons.

3 Art and craft instructor.

4 Pet sitting.

5 Garden consultant.

6 Business plan services.

7 Online researchers.

8 Social media marketing.

9 Seo and digital ads consultant.

10 Toy maker.

11 Essential oil and soap maker.

12 Vintage cloth dealer.

13 Non medical home care services.

14 Make up artist.

Source and more:
Business To Start Under 100,000 Naira. https://www.sanwomi.com/2019/04/business-to-start-under-100000-naira.html

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Most people have lost of money, time, data and effort in trying to make money online.
This happens because people don't have the full knowledge or have wrong idea of the business before going into it.



Here are some of the misconception about Internet business that we should know.

1 Blogging Is A Side Hustle That Does Not Require Time:


Most people think that blogging is a side hustle that won't take much of your time as most websites picture it to be. Gone are the days when blogging is a side hustle, they are a lot of blogs this days, it will be difficult for you to get traffic if you don't dedicate time to write your post and share post frequently, unless you can get people to do that for you and pay them.

2 Forex Trading Is Easy Money:

Source and more:
Internet Business And Their Misconception. https://www.sanwomi.com/2019/04/internet-business-and-their.html


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Shark Tank is an American business-related reality television series on ABC that premiered on August 9, 2009.

It shows aspiring entrepreneurs as they make business presentations to a panel of five investors or "sharks", who then choose whether to invest in their company as business partners.


Here are lessons we learn from shark tank.

1 Know strength.

2 know your customer.


Source and more:
Shark Tank Lessons. https://www.sanwomi.com/2019/04/shark-tank-lessons.html


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Rich dad, poor dad is a book written by robert kiyosaki. It when one of the best book read if you want to become rich.


1 Learn to listen.

2 Pay yourself first.

3 Buy liabilities last.

4 Cut down expenses.

5 Read as much as you can.


Source and more:
10 Lessons From Rich Dad Poor Dad. http://www.sanwomi.com/2019/04/10-lessons-from-rich-dad-poor-dad.html

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They are different identification registration by Nigerian government.



The identification vary from national id card, drivers license, passport etc.
Here are the cost of registration in Nigeria for government identification.

1 National Id card:
Cost - Free.


2 Drivers license:

Driving School certificate :
Cost - N8,000.

VIO test certificate :
Cost - N1,000.

Eye Test Certificate :
Cost - N500.

Driver’s License Payment :
Cost - N10,450 (for 5 years).


3 International Passport:


Source and more:
Cost Of Government Identification Registration In Nigeria. http://www.sanwomi.com/2019/04/cost-of-government-identification.html



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Sleeping is very important especially if you want to be successful in life. But sleep at the right time with the right amount of sleeping time is very essential.





Here are the sleeping habits of the most successful people.

1 Richard Branson:
Sleeps 5 - 7 hours a day, 12 am - 5/6 am.

2 Bill Gates:
Sleeps 7 hours a day with no set time.

3 Jack Dorsey:
Sleeps 7 hours a day, 10:30pm - 5:30am.

4 Jeff Bezzos:
Sleeps 7 - 8 hours a day, 10pm - 5/6 am.

Source and more:
The Sleeping Habits Of Successful People. http://www.sanwomi.com/2019/04/the-sleeping-habits-of-successful-people.html

1 Watch educational shows.

2 Learn stuff online.

3 Read books or e-books.

4 Stay in touch with family.

5 Choose your friends wisely.

6 Get rid of toxic friends.

7 Find a mentor.

8 Start that business.

9 Start a new hobby.

10 Learn a new language.

11 Set goals.

12 Plan your day and week.

13 Make a plan for your life.

Source and more:
36 Ways To Invest In Yourself. http://www.sanwomi.com/2019/04/36-ways-to-invest-in-yourself.html


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1 Femi Otedola:

2 Omotola Jalade:

3 Dangote group:

4 Unveildface:

5 Guardian Nigeria:

6 Oauevents:


Source and more:
Top Dangote Birthday Wishes On Social Media. http://www.sanwomi.com/2019/04/top-dangote-birthday-wishes-on-social.html

Cc:

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To be successful in life reading books are very important. Most of the world richest people and world most powerful people are readers.

We bring the most life changing books, you should start reading them now.

1 The alchemist, Paulo Coelho.

2 The artist's way, Julia Cameron.

3 Life of pi, Yann Martel.

4 The road less traveled, M. Scott Peck.

Source and more:
Ten Most Life Changing Books. http://www.sanwomi.com/2019/04/ten-most-life-changing-books.html

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Paying for goods and services online has now been a major trend in recent years.
They are alot of platforms that allows you to pay online in or outside Nigeria.

Here are the most used payment platforms in Nigeria.

1 Remiter.net:

It is a payment gateway adopted by the Federal Government for its Treasury Single Account (TSA) policy.
To avoid strenuous processes, one can pay for licenses renewals, school fees, PHCN/NEPA bills, FIRS Taxes, Corporate Affairs Commission, NYSC fees etc with Remita easily.

2 PayPal:

PayPal is an online payment solutions company offers simplified and secure online payment without the need to reveal financial information or card details to the merchant.

3 Quickteller:
Quickteller is the easiest way to buy airtime, make payments, send money and recieve money using your "ATM" card in Nigeria.

Source and more:
http://www.sanwomi.com/2019/04/top-most-used-payment-platform-in.html



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Nigeria plans to spend $20 billion on infrastructure over the next 10 years and will introduce an infrastructure bond in 2019 as Africa’s biggest oil producer seeks to address challenges in revenue generation.

“Our target is that we’d like to see infrastructure spending increase to the $10- to $20-billion range over the next 5 to 10 years because we think that’s the level of our need,” Okechukwu Enelamah, the minister for trade and investment, told reporters on Wednesday in the capital, Abuja.



The government will partner with other stakeholders to raise funding. A committee comprised of the ministers of finance, budget, trade and investment and works, housing and power, and other government agencies was immediately set up to work out modalities.


Source and more:
Nigeria Wants $20 Billion Infrastructure Spend Over 10 Years
http://www.sanwomi.com/2019/03/nigeria-wants-20-billion-infrastructure.html

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1 Don't fear alone.

2 Don't dwell on the past.

3 Don't expect immediate results.

4 Don't fear taking calculated risk.

5 Don't resent other people's success.

6 Don't fear travelling to a foreign country alone.

7 Don't fear learning something difficult.

Source and more:
How To Be Mentally Strong.
http://www.sanwomi.com/2019/03/how-to-be-mentally-strong.html

Nigeria potentially faces the largest financial liability in its history, and a hedge fund is coming to collect. The legal and political drama involves a deal between the country and a tiny natural gas company that was scuttled after the sudden death of Nigeria’s president in 2010. The company, Process & Industrial Developments (P&ID), sued and won a staggering judgment, now worth $9 billion. But it’s spent years trying to get the country to pay that award, equivalent to almost 2.5 percent of its annual gross domestic product.

Now a hedge fund managed by VR Capital Grouphas taken a large stake in P&ID. And the gas company is trying to pull levers of power in the U.S. and the U.K. to make Nigeria settle or, failing that, enable the company to start seizing assets.

Two years ago, P&ID won a decision against the government of Nigeria, which reneged on an agreement allowing the natural gas company to harvest hydrocarbons. Although lawyers for Nigeria say the company never put a shovel in the ground, a London arbitration tribunal in 2017 awarded it $6.6 billion—with more than $1 million in interest accruing daily.

Source and more:
A Hedge Fund Steps Into Nigeria’s $9 Billion Corporate Dispute
http://www.sanwomi.com/2019/03/a-hedge-fund-steps-into-nigerias-9.html

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1 Dream big dreams.

2 Celebrate mistakes.

3 Don't advertise.

4 Change your mind set.

5 Have a heart.

6 Care for your people.

7 Have strong values.

8 Do what you love.


Source and more:
Billionaire advice from Howard schultz
http://www.sanwomi.com/2019/03/billionaire-advice-from-howard-schultz.html

Access Bank Plc, which is in the process of taking over rival Diamond Bank, signed an agreement for a $162.5 million loan to boost its capital and fund lending operations.

Dutch development bank, FMO, is arranging the loan, while financial institutions including Belgian Investment Co. for Developing Countries, Blue Orchard Microfinance Fund, Finnish Fund for Industrial Cooperation Ltd. and Ecumenical Development Cooperative Society U.A. are providing the financing, the Lagos-based company said in a statement.

The funds will qualify as Tier-II capital, which will help the bank fund a five-year expansion plan, it said. The loan will also support local micro-, small-, and medium-sized enterprises in the West African nation.

Access Bank agreed last year to buy Carlyle-backed Diamond Bank in a deal worth about $200 million. It plans to complete the takeover on April 1 after the shareholders of both banks approved the deal last week.

Source and more:
Nigeria's Access Bank Signs $162.5 Million Loan to Boost Capital https://www.sanwomi.com/2019/03/nigeria-access-bank-signs-1625-million.html


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1 Make a weekly plan.

2 Turn your phone off.

3 Don't multitasking.

4 Prioritise your work.

5 Be perfectly organised.

6 Measure result, not time.

7 Have routine and stick to it.

Source and more:
How to work smarter. https://www.sanwomi.com/2019/03/how-to-work-smarter.html

Google My Business

The most popular search engine is a natural place to start when it comes to small business listings. Google lets you add some basic details like your business name, location and hours so customers see that information when they Google your business.

FACEBOOK PAGE

A Facebook business page is a free public profile you can create for your local business, brand, or product. Similar to your personal Facebook account, you can use the Page to promote your business or products by posting status updates, links, event announcements, comments, or photos and videos.

Facebook also allows users to list local business or brand to FB pages. You can publish your local business on FB and also get some good reviews from your customers. Facebook reviews also appear in the right sidebar of Google search.

VCONNECT

VConnect helps you hire local professionals for all your service needs. From repairing your car to planning your wedding, the platform connects you with the best service businesses to get things done.

VConnect is committed to making a meaningful impact through continuous innovation to meet the dynamic needs of SMEs and empower users by creating a system that delivers better value through easily accessible information and connections with the right service businesses.

BUSINESS LIST

Business List Nigeria integrates all the best services and businesses in Nigeria into an easy-to-use, searchable database with a user-friendly and stylish interface. The platform helps you look into the Nigeria business world with confidence and style.

Listing your business on Business List website will give you the online presence and visibility you need to attract more customers online. The platform is completely free and you don’t need to pay any money to get listed.

CONNECT NIGERIA

ConnectNigeria.com makes it easy for you to find businesses and places. Whether it’s the nearest amala joint, a bank branch, a restaurant or an embassy. You can find it on ConnectNigeria.com fast and easy.

ConnectNigeria.com’s mission is to organize Nigeria’s information, making it easy to find and easy to use. If you want to get some free publicity for your new business, ConnectNigeria.com is the right place to be.

DEALDEY

DealDey is one of the most popular e-commerce websites in Nigeria. DealDey supports local business and merchants who want to attract new customers and consumers who want to save money and take advantage of great services and activities in their own city.

The company philosophy is simple: To help great businesses be found by consumers who are looking for a great deal. If you want to give your business the right online publicity in Nigeria, then get listed on DealDey.

source and more:
Top Business Listing Websites You Should Try In 2019. https://www.sanwomi.com/2018/12/top-business-listing-websites-you.html

Yuletide period is around the corner. We tell the does and don't of this season.

1 Investing in the FX market this period is really risky as the exchange rate are very volatile this season, as currency pairs exchange rate may increase rapidly or reduce rapidly. They is tendency to gain this period or lose more this season.

2 Invest in stocks/shares of retail companies this period. They is always increase in demand this season. Retail companies tend to profit more during Yuletide Season. Jeff Bezos the SEO of Amazon took over Bill Gates as the world richest man after Yuletide Season of 2017/18.

3 Watch out for Economic statistics these period as most countries publish the economic performance of the country at the end of the year which can determine your judgement on how to invest in the next year.

4 Investing in entertainment sector at the end of the year is also a good deal as most music concerts happens at the year. This also means hotels, halls, event centres etc. Will be booked.

source and more:
How To Invest In Yuletide Season. https://www.sanwomi.com/2018/12/how-to-invest-in-yuletide-season.html


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1 Forbes:  Forbes is probably the best site to visit when it comes to anything that has to do with business or investment.

2 Yahoo finance:  Yahoo! Finance is just too good. Aside from the myriad of company reports, which you are required to pay for, all of the information at Yahoo finance is free for the taking.

3 Bloomberg.

4 Google finance.

5 Cointelegraph: Bitcoin & Ethereum news, analysis and review about technology, finance, blockchain and markets - cryptocurrency

Read more:
Top Business or Investment Sites You Should visit as a Hustler https://www.sanwomi.com/2018/12/top-business-or-investment-sites-you.html


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As IMF seeks expansion of trade among countries
African Export-Import Bank (Afreximbank), has called for greater cooperation among south economies to deal with the uncertainties resulting from the current global trade environment.

President, Afreximbank, Prof. Benedict Oramah, made the call yesterday, on the sidelines of the ongoing 2018 International Monetary Fund (IMF), and World Bank Group Annual Meetings, in Bali, Indonesia.

Speaking during a Panel discussion on, “The Growing Importance of South-South Cooperation Amid Trade Tensions and Global Financial Market Volatility,” Oramah said the rising sentiment of anti-globalism and the push back on multilateralism by the some global powers had put Africa at the periphery, with only three per cent global trade.

He noted that many South economies were in the same situation, adding that with the largest and youngest population and the fastest growing middle class, the economies of the South had all the ingredients to drive economic growth.
As a result, he said developing economies must work together to negotiate in concert at the global level.

In this regard, Oramah disclosed that Afreximbank is building partnerships and developing frameworks that will attract South-South investment and trade into Africa, as trade with the South has become dominant in the continent.
According to him, Africa-South trade has reached 56 per cent of the continent’s total trade against 16 per cent in the early 1990s.

Source and more:
Afreximbank urges economic cooperation to counter trade uncertainties http://www.sanwomi.com/2018/10/afreximbank-urges-economic-cooperation.html

Renewed sell off in the shares of many highly capitalised negatively impacted transactions on the Nigerian Stock Exchange (NSE) yesterday, as market capitalisation dropped by N10 billion.

Yesterday, the All-Share Index (ASI) shed 27.26 absolute points, representing a decline of 0.08 per cent to close at 32,417.70 points. Also, the market capitalisation declined by N10 billion to close at N11.835 trillion.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Unilever Nigeria, Nigerian Breweries, International Breweries, Northern Nigeria Flour Mills (NNFM) and Presco.

Analysts at Afrinvest Limited said: “We anticipate a rebound in today’s trading, as we saw significant buy interest in banking stocks yesterday, which we expect to be sustained throughout this week.”

Market breadth closed on the negative side, with 20 gainers versus 21 losers.

Cornerstone Insurance recorded the highest price gain of 10 per cent, to close at 22 kobo, per share. Cadbury Nigeria followed with a gain of 6.74 per cent to close at N10.30, while Chemical and Allied Products (CAP) rose by 5.45 per cent to close at N30, per share.

Source and more:
Renewed selloff hits NSE as indices plunge by N10 billion http://www.sanwomi.com/2018/10/renewed-selloff-hits-nse-as-indices.html

The World's 50 Best Bars for 2018 Announced: London's Dandelyan Wins Top Spot, Days After Announcing Its Closure.

London’s Dandelyan was named the No. 1 bar at the World’s 50 Best Bars awards—just days after Ryan Chetiyawardana announced via Instagram that his much-acclaimed four-year-old bar is closing. (NB: Dandelyan also won “World’s Best Cocktail Bar” at last year’s Spirited Awards and took second place at last year’s World’s 50 Best, after first entering the list in 2015.)

But fear not. The bar may not be open for much longer, but Chetiyawardana assured everyone that he’s reopening a completely new concept within the same space.



Ryan Chetiyawardana’s Dandelyan, which won first place at this year’s World’s 50 Best bars, is conveniently located inside The Mondrian—and it’s a must-visit for those who love to imbibe.PHOTO: KARLA ALINDAHAO

“It feels fitting on our 4th birthday to kill off our now-eldest venue…” Chetiyawardana said in the Instagram post. “It would be a disservice to these amazing people, and to what we have created together to continue when we think the landscape, and the conversation, has shifted. There’s so much I think we can do, and so much we want to challenge, discuss, and create in this industry that, like with White Lyan, it makes sense to burn it down, start afresh, and rise again as something brighter, shinier, and more fitting of where we’re (all) now at. Happy Birthday you big green beast, it’ll be great to see you different again. And goddamn I wasn’t joking when I said we have a lot on! I really think we’re just hitting our stride, and now it’s time to pull out the real weird stuff. Here’s to keeping it weird. Don’t ask what’s next (although we are keeping the space), please sit tight, and help us usher out the bar we know so many of you love as much as us.”

Now that we’ve gotten that not insignificant announcement out of the way, it’s worth noting that this year’s winners are very much representative of last year’s frontrunners—at least geographically.


1. DANDELYAN (LONDON, UK), also the winner of “Best Bar in Europe”

2. AMERICAN BAR AT THE SAVOY (LONDON, UK)

3. MANHATTAN (SINGAPORE, SINGAPORE), also the winner of “Best Bar in Asia”

4. THE NOMAD (NEW YORK CITY, NEW YORK, USA), also the winner of “Best Bar in North America”

5. CONNAUGHT BAR (LONDON, UK), also the winner of “Legend of the List”








source and more:

The World's 50 Best Bars for 2018 http://www.sanwomi.com/2018/10/the-world-50-best-bars-for-2018.html

The Nigerian National Petroleum Corporation on Thursday announced total crude oil and gas export sale of $416.07m for June 2018, which was 35.78 per cent higher than what was recorded in the previous month.

Details of the figures contained in the just released June 2018 edition of the NNPC Financial and Operations Report also indicated that the crude export sale contributed $274.95m, which translated to 66.08 per cent of the dollar transactions compared with $244.72m contribution in the previous month.

The gas export sale for the month was $141.12m, the report stated.

It added that the corporation recorded some ruptured pipelines that supply gas to thermal electricity generating plants across the country.

It stated that a total of 744 million standard cubic feet of gas per day was delivered to the gas-fired power plants in the month of June to generate an average power of about 2,970MW of electricity.

The gas supplied to the power plants in June was higher than what was supplied in May, where an average of 742mmscfd was supplied to generate 2,940MW.

A total of 211.51 billion cubic feet of natural gas was produced in the month of June 2018, translating to an average daily production of 7,056.22mmscfd.

Source and more:
Nigeria’s oil, gas export sale rises by 36% http://www.sanwomi.com/2018/10/nigerias-oil-gas-export-sale-rises-by-36.html

Investors in the Nigerian telecommunications sector have been adding $5bn investment every quarter, the Nigerian Communications Commission has said.

The Director of Consumer Affairs at the regulatory agency, Mrs Felicia Onwuegbuchulam, said this in a presentation at the Abuja Chamber of Commerce and Industry in Abuja on Wednesday.

Onwuegbuchulam, who was represented by the Assistant Director, Consumer Affairs Bureau, Mr Ayanbanji Ojo, also disclosed that the sector’s contribution to the nation’s Gross Domestic Product had risen from 9.1 per cent to 10.5 per cent as of June 2018.

She said, “The investment in the telecoms sector as of 2017 used to be $70bn and this has been growing at about $5bn every quarter. The sector’s contribution to Nigeria’s GDP rose to 10.5 per cent as of the end of June 2018, up from the initial 9.1 per cent in 2016.

“At the end of August 2018, there were over 160.8 million active voice subscriptions, with over 104 million of this number being used to access the Internet services. These are phone numbers being used by businesses and individual subscribers across the various sectors of the Nigerian economy.

“Tele-density, which is the number of telephone lines per 100 persons in an area, has hit 115 per cent. Indeed, the growth in the telecoms industry, engendered by a sound regulatory regime, has remarkably redefined the way people live, work and play.”

Source and more:
Investors stake $5bn on telecoms every quarter – NCC http://www.sanwomi.com/2018/10/investors-stake-5bn-on-telecoms-every.html


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The Federal Government has set aside $1.3bn (about N468bn) from the National Sovereign Investment Fund to finance five critical infrastructure projects.

The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this on Sunday when he appeared as guest on a Nigerian Television Authority programme, “Stepping Up”.

The minister said the five ongoing projects to benefit from the funds included the Lagos-Ibadan Expressway construction, the second Niger bridge and the East-West road construction.

The other two are the Abuja-Kano Expressway construction and the Mambilla power project.

Source and more:
FG to Spend $1.3bn for Lagos-Ibadan Expressway and four other projects http://www.sanwomi.com/2018/09/fg-to-spend-13bn-for-lagos-ibadan.html

The Chief Executive Officer of the Nigerian Stock Exchange, Mr Oscar Onyema, has said the United Kingdom remains a key partner to Nigeria, particularly for its capital market development.

Onyema, while speaking with journalists at a business networking event hosted by the British High Commission, attended by the Prime Minister of Britain, Theresa May, stated that Nigeria and Britain had a long history of trade and collaboration.

He said this was evident in various aspects of Nigeria’s socio-economic sectors.

According to him, the NSE has a capital market agreement with the London Stock Exchange aimed at promoting seamless cross-border access between Lagos and London markets to ultimately develop larger capital markets that enable capital formation for businesses and governments.

He said this would create deeper liquidity pools and greater competitiveness for investors as well as enhance capacity and promote diversity of investment products to meet the needs of a wide range of investors and issuers.

Speaking on the significance of the visit by the UK Prime Minister, Onyema said it was not surprising that May allotted some time from her schedule to meet with capital market operators as the market was a major barometer of any economy.

Source and more:
NSE, London Stock Exchange are key partners ― Onyema http://www.sanwomi.com/2018/08/nse-london-stock-exchange-are-key.html

The capital importation of companies operating in the telecommunication industry has reduced drastically in the second quarter of 2018 compared with the same quarter of last year.

An analysis of the second quarter 2018 capital importation report published by the National Bureau of Statistics indicated that there was a 94 per cent reduction in capital importation year-on-year.

In the second quarter of 2017, the total value of capital inflow into the country was $174.18m as against $11.12m in the second quarter of this year.

Quarter-on-quarter, there was also a 93 per cent reduction in capital inflow into the country, from $166.68m recorded from January to March this year to $11.12m between April and June.

The report stated that Nigeria’s telecommunication sector only accounted for 0.2 per cent out the $5.5bn capital inflow into the country in the second quarter of this year.

source and more:
Telecoms capital importation shrinks by 94%
http://www.sanwomi.com/2018/08/telecoms-capital-importation-shrinks-by.html

MTN Nigeria on Wednesday signed a seven-year N200bn medium-term loan facility with a consortium of 12 banks, with FBN Quest acting as the facility agent.

The telecommunication company said the credit facility would allow it to fund its capital expenditure, roll out infrastructure and extend its reach to rural communities.

According to the company, the facility is structured with a two-year moratorium and a repayment plan of five years.

The banks are Citibank Nigeria Limited, Diamond Bank Plc, Ecobank Nigeria Plc, Fidelity Bank Plc, First Bank of Nigeria, First City Monument Bank Plc and FSDH Merchant Bank Limited.

Others are Rand Merchant Bank Nigeria Limited, Standard Chartered Bank Plc, Stanbic IBTC Plc, United Bank for Africa and Union Bank of Nigeria Plc.


Read more:
MTN Nigeria signs N200bn loan agreement with 12 banks http://www.sanwomi.com/2018/08/mtn-nigeria-signs-n200bn-loan-agreement.html


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Ahead of the Paris Motor Show in October, Lexus has unveiled a special edition version of its LC which will be showcased at the major auto event.

The automaker says the Lexus LC features a unique paint finish and interior colour scheme, plus extra kit, and that as the name suggests, it is a special run version of the Japanese brand’s four-seat coupe, which features a unique colour scheme and gets some extra equipment.

Auto Express reports that the most obvious feature of the Limited Edition is the Naples Yellow paint finish, which is a deeper shade than the flare yellow colour that is offered across the LC range.

The limited edition, according to Auto Express, is equipped with the LC’s Sport+ pack, which means it rides on 21-inch alloy wheels and features a carbon fibre roof.

It adds that further add-ons as part of the Sport+ pack include Lexus Dynamic Handling, four wheel steering, a Torsen limited-slip differential and an active rear spoiler which rises from the boot lid above 50mph.

“It is not just the outside that gets a squint-inducing finish though. The door trims are finished in matching yellow, while there’s contrasting yellow stitching for the steering wheel, instrument panel, central armrest, and the white leather seats too. The headlining, meanwhile, is trimmed in Alcantara. A head up display and a Mark Levinson audio system with 13 speakers, both optional on other LCs, are included,” the Auto Express says in its review of the car.


Source and more:
Lexus releases new Luxury Coupe 500h http://www.sanwomi.com/2018/08/lexus-releases-new-luxury-coupe-500h.html