blueprint afric logo
   BUSINESS NEWS

Use video marketing to personalize your business


Video marketing can help you accomplish many various things in your business. It allows you to explain a complex process, increase income for a particular product, or even make your business appear more personal to clients.


Boost your productivity with content strategy:


If you want your business blog to truly serve its purpose, you should not only create a simple post every now and then and assume it is effective. You need to get the right approach to content creation to achieve the best results.


Use social media tools 


If you are yet to start using social media to promote your business, you are yet to make an entry into the tech world.  Instagram, Facebook, and Twitter are available for free and there are also social media tools like hashtag tracking that allow you to make the most of your social media efforts.


Keep your website protected


Website security is becoming is important for businesses in each industry as organisations begin to rely heavily on the internet. You don’t want a situation where your website crashes and your business is left in a limbo. You need to make sure your website has all the necessary security to prevent it from being shut down.


Tackle negative processes in your business


To efficiently run a business, you need powerful strategies and tactics. In case you don’t have them, you should most likely apply productivity or watch your business fail.

Read More
time posted  comments 0    views 269 

The CEO of Innoson Technical Manufacturing Company, Chief Innocent Chukwuma was yesterday arrested by operatives of the Economic and Financial Crimes Commission (EFCC) over alleged undisclosed financial deals.

Chukwuma was arrested at about 11-30am from his Government Reserved Areas (GRA), Enugu residence by armed police officers after an initial resistance mounted by him with the use of trucks belonging to his company.

Apparently learning of his impending arrest yesterday morning, several trucks belonging to his company had been used as early as 7.00 am to block the three entrances leading into his Savage Crescent residence GRA. The development caused several hours of gridlock as road users struggled to move through the adjourning street.

Confirming the incident, EFCC’s Media Officer in Enugu, Mr Chris Oluka, said he did not know why he was arrested.
“They brought him into our office and are taking him to Lagos. Those who arrested him came from Lagos. Nobody has told us why he was picked but I believe it will be made known in due time”, he stated.


However twitter users seem to be more honest as to what might have led to his release. While most easterners seem to think it’s something political or tribal related, generally, people think a lot of political dogs now use EFCC for their personal intentions.

FROM THE THREAD BELOW INNOSSON MIGHT BE INNOCENT BUT MUST BE SEEN TO GO THROUGH D PROCESS. IT IS IMPORTANT WE DONT TRIBALIZE EVERY NEWS AFFECTING OUR OWN. Damite2ky Wrote:

It was alleged that GTB deducted N786,205,955.99 as bank charges from Innoson’s Account between March 2004 to December 2011.
Multiwings Consulting Firm of Auditors carried out the Audit,...of course GTB was shocked at the audit report when they got it

In the month of September 2012, GTB wrote to Innoson that from their personal audit report, the excess bank charges was N559,374,072.29

Innoson also requested that the said agreed amount of N559, 374,072.09k be paid with a 22% interest rate because he had been repaying ...

... with GTB at 22% rate. GTB refused and said the best they can repay is at 7%. This led to another disagreement between Innoson and GTB.

As a result, Innoson commenced suit No: FHC/AWK/CS/2012 against GTB at the Federal High Court, Awka and obtained judgment in excess of N4.7 Billion against GTB.

GTB appealed against the judgment to the court of Appeal, Enugu Division, appoxite Appeal NO: CA/E/288/2013. The court of Appeal Enugu in a considered ruling ordered GTB to pay the judgment debt of N6 Billion inclusive of the accrued interest and any interest that would....

GTB appealed against the judgment to the court of Appeal, Enugu Division, appoxite Appeal NO: CA/E/288/2013. The court of Appeal Enugu in a considered ruling ordered GTB to pay the judgment debt of N6 Billion inclusive of the accrued interest and any interest that would....

subsequently accrue thereon into an interest yielding acct in the name of the Chief Registral of the Court. GTB is yet to obey this judgment; however it went to the Supreme Court. The matter is yet to be resolved at the Supreme Court. Today that judgment debt is about N8 billion

GTB, having seen that the Judgment debts Innoson had against them is too much for them to bear and instead of calling Innoson to seek an out-of-court negotiation, they decided to initiate a trump-up charge against Innoson with an allegation of falsification of shipping documents.

....and representing them as genuine in order to force Innoson negotiate with it from a position of weakness.

For over 5 years that GTB had admitted it debited unlawfully excess charges from Innoson’s account; Innoson is yet to get his money from GTB.

The reason why GTB have failed to pay their indebtedness to Innoson is still unclear.

 

Read More
time posted  comments 0    views 327 

The Industrial and Commercial Bank of China, ICBC, has accepted $42.5 million loan for a multi housing development scheme, HELIU residences in Enugu. This is said to be the biggest bank in china.

The loan was secured under the guarantee of the Chinese Credit Insurance Corporation, SINOSURE, for the construction of duplexes, provision of electricity, roads, water and other facilities by the China Shenyang International Economic and Technical Corporation Limited, CSYIC.

Making the disclosure to newsmen in Enugu, Managing Partner of F.I.T. Consult, the Nigerian Developer building the HELIU Project, in partnership with the Enugu State Government, Chief Loretta Aniagolu, said, the deal was sealed after signing Commercial Contract with CSYIC, in Enugu.

Aniagolu said the Chinese team led by the CSYIC President, Madam Tang Lezhen signed the documents with F.I.T. Consult, for financing of the contract.

She said:

“We wanted to bring the project with our own funds to a certain level before the Chinese come in, so that they don’t start from scratch and for them to know that we are very serious. We have finally tied up everything on this visit.”

“The bank funding for the project is from China, through the Industrial and Commercial Bank of China, ICBC, which is the biggest bank in the world, with its 2016 turnover at about $2.3 trillion. The entire transaction of $42.5 million is being guaranteed locally by Access Bank Plc.”

According to her, the interest rate is four per cent, while the period for repayment of the loan is eight years. She added that two years moratorium is for construction of the projects while 6 years is for the repayment.

 “So it is a fantastic arrangement,” she said.

Aniagolu expressed optimistism of the loan repayment, noting that they were quite sure of the market in the South-East zone, particularly with the country gradually coming out of recession and having already received deposits on over 50 percent of the serviced plots.

She said,

 

“Secondly, we are also working with the Imperial Mortgages Limited that is providing mortgages for home buyers, making it easier for them to pay for the houses.”

“Presently, of the 60 bungalows we’ve done so far, most have actually been sold on a cash basis, while Imperial Mortgages is providing mortgages for the rest. So, we have an arrangement where we are sure that in those eight years or less, we should be able to repay funds.”

She further disclosed that over N2billion has been spent on various aspects of the project, such as earth works, 20 kilometers drainage, culverts, buildings, etc. She further remarked that they were excavating for a Dam for independent water supply in the residence, adding that electricity would also be generated using Low Poor Fuel Oil, LPFO.

Read More
time posted  comments 0    views 367 

Zenith Bank has been entitled ‘Best Company in Sustainability Reporting in Africa” at the 2017 Sustainability Enterprise Responsibility Awards (SERAS) CSR Awards.

The bank said in Lagos on Monday that with the new award held at the weekend, Zenith Bank had blazed a trail as the winner of the award for the second consecutive year.

The News Agency of Nigeria (NAN) reports that the bank also won the 2016 Sustainability Report titled “Creating Wealth Sustainably” being the first Sustainability report in Nigeria and Africa financial services sector.

The award was introduced in October 2016 by the Global Sustainability Standards Board (GSSB).

The bank said it had raised the bar in sustainability reporting within and outside the financial services sector, while setting the pace in the adoption of global best standards in reporting.

The bank said that new standards was designed to replace the older GRI G4 reporting guidelines which was the reporting standard Zenith Bank adopted in its 2015 Sustainability Report.

It said:

“The bank has not only supported the global climate action and has prioritized investment in green and sustainable business projects, but has fully integrated environmental and social considerations into its business and credit administration processes.”

“As part of its green earth policy, Zenith Bank is the first bank in Nigeria to have carried out an external audit on its greenhouse gas footprints, using the Greenhouse Gas Protocol Corporate Standards, a globally certified GHG audit procedure.”

It said that the award had been widely acknowledged in the global Sustainability arena with the GRI featuring it on the homepage of its official website: https://www.globalreporting.org.

Read More
time posted  comments 0    views 247 

Chairman of Rice Farmers in Daura, Katsina State, Alhaji Jamilu Ibrahim, has urged the Federal Government not to lift the ban on the importation of rice.

The Federal Government banned the importation of rice to protect local rice farmers and promote local rice consumption in the country.

Ibrahim said after a meeting of Local Rice Farmers of Daura on Monday that there was the need for the government to maintain its stand on rice importation to boost local production. The ban on importation will assist the local rice farmers to produce more at affordable prices for local consumption as well as assist the government to conserve foreign exchange.

“In Nigeria, we have fertile land in no fewer than 25 states where rice can be produced in large quantities for local consumption,” he said.

The chairman called on the Central Bank of Nigeria (CBN) to set aside more funds that could be used to grant loan to local rice farmers in the country.

“The CBN should continue with the Anchor Borrower Programme that was introduced to assist local rice farmers with loans. The programme has assisted farmers in producing rice in large quantities during the 2017 farming season. We are now set to go back to our farms for the production of rice during the dry season farming,” he said.

Ibrahim urged the rice farmers to use the loan given to them judiciously in order to shore up rice production. He lauded the Federal and State Governments for giving a deserved attention to the agriculture sector, which, according to him, has the capacity to guarantee food security in the country.

NAN reports that the Federal Government had introduced Anchor Borrowers Programme to boost cotton and rice production in the country.

 

Read More
time posted  comments 0    views 236 

Bill Gates, Warren Buffett, and Jeff Bezos may be the richest men in the world, but they aren't the only billionaires.

There are 2,043 people across the globe with three commas in their net worth, according to the 2017 Forbes Billionaires list. The 23 wealthiest have $1 trillion collectively.

In 2017, 10 of the world's billionaires — fewer than 1% — are black, down from 12 last year, reports Forbes contributor Mfonobong Nsehe. Three of the 10 are women. All but one, Isabel Dos Santos, is billed by Forbes as self-made.

To compile the full list, Forbes uses stock prices and exchange rates to estimate the net worth of the world's richest people, and then ranks them based on their wealth. This year's list was created using data from February 17, 2017, but Forbes also maintains a current snapshot of the world's billionaires, updated daily.

Here’s the richest 10 black billionaires in the world, according to the 2017 Forbes Billionaires list:

 

Mohammed Ibrahim: $1.14 billion

Self-made billionaire, 71 years-old Mohammed Ibrahim, was born in Sudan and now lives in the United Kingdom, where he is the 11th wealthiest citizen. Ibrahim became a billionaire after selling his telecommunications company, Celtel International, in 2005, according to Forbes. Now he spends much of his time focusing on improving the lives of African citizens through the Mo Ibrahim Foundation.

 

Aliko Dangote: $12.2 billion

The wealthiest man in Africa is Nigerian Aliko Dangote, 60, who has been CEO and president of Dangote Group for 35 years. The majority of his fortune comes from more than 90% stake in Dangote Cement, Africa's largest producer of cement, which is traded on the Nigerian Stock Exchange. He is also an active philanthropist, serving as chairman of The Dangote Foundation, which focuses on education, agriculture and health-related initiatives.

 

Mike Adenuga: $6.1 billion

Nigerian Mike Adenuga, 64, is chairman of telecommunications company Globacom, which has 36 million subscribers, as well as the majority owner of Lagos-based oil company Conoil, according to Bloomberg. While earning an MBA from Pace University in New York, he drove a taxi to pay the bills. Today, Adenuga, who has seven children, is the second-wealthiest man in Nigeria, according to Forbes.

 

Michael Jordan: $1.31 billion

One of the most successful athletes of all time, Michael Jordan, 54, made a total of $90 million as a basketball player, according to Forbes. Since retiring from the NBA, he has amassed the majority of his wealth through his relationship with Nike and other corporate partnerships. Jordan, who also owns a stake in the Charlotte Hornets, now makes more in one year than he did during his entire professional basketball career, as Business Insider's Cork Gaines reported.

 

Folorunsho Alakija: $1.61 billion

Folorunso Alakija, vice chair of Nigerian oil company Famfa Oil, got her start in business as the founder of an elite Nigerian fashion label, according to Forbes. The 66 years old, self-made billionaire lives in Lagos, Nigeria and has four children. Her son, Folarin Alakija, recently married Iranian model Nazanin Jafarian Ghaissarifar, in a lavish, multi-million dollar wedding, which took place in England.

 

Patrice Motsepe: $1.81 billion

South-African Patrice Motsepe, 55, founder of the mining company African Rainbow Minerals, was Africa's first black billionaire. The father of three was also the first African to sign Bill Gates' Giving Pledge, promising to donate at least half of his wealth to charity. Motsepe and his wife Precious created the Motsepe Foundation in 1999 to help create new jobs, support education, and improve the lives of children, the unemployed, and the disabled, among others.


Robert Smith: $2.5 billion

When Robert Smith, 54, left Goldman Sachs in 2000 to start his own private equity firm, Vista Equity Partners, his coworkers thought he was crazy. But since then, his success and wealth has sky-rocketed, landing him on the Forbes Billionaire list for the first time in 2016. In 2015, Smith wed Hope Dworaczyk, a former Playboy playmate and mother of his young son in an incredible villa on the Amalfi Coast in Italy. The private-equity titan, who resides in Austin, Texas, added his name to the Giving Pledge earlier this year.

 

Oprah Winfrey: $3 billion

Oprah Winfrey, 63, is the only African-American woman to make the Forbes billionaire list. Winfrey overcame a tough childhood to become the well-known and beloved media mogul she is today. While generous with her wealth, Winfrey still maintains an enviable lifestyle. Earlier this year, Winfrey delivered the commencement address at Smith College, telling graduates the secret to success is serving others.

 

Isabel Dos Santos: $3.1 billion

The wealthiest of the three women to make this list, and the youngest black billionaire in the world, 44 year-old Isabel Dos Santos is the daughter of Jose Eduardo dos Santos, who has been president of Angola since 1979. Her fortune comes from multiple investments, many of which are controversial and linked to her father, according to Forbes, although Dos Santos maintains her investments are private and independent.

 

Mohammed Al Amoudi: $8.4 billion

Mohammed Hussein Al Amoudi, 71, moved from Ethiopia to Saudi Arabia when he was 19, and began amassing his fortune from government-contracts in real estate and construction, according to Bloomberg. Now, the father of eight owns businesses across multiple industries, including oil, mining and agriculture, in Saudi Arabia, Ethiopia and Sweden.

 

Read More
time posted  comments 0    views 373 

A group of four West African presidents said on Tuesday they planned steps to accelerate the creation of a shared currency for the 15-country ECOWAS bloc by 2020, according to a joint statement.

The future currency whose name is yet to be determined, would replace the dominant CFA Franc introduced by former colonial power France in 1945 and whose treasury still backs it.  “Our region needs this unifying instrument, symbol of our shared destiny, to consolidate our customs union,” ECOWAS chairman and Togolese President Faure Gnassingbe said on Twitter. The statement was from the presidents of Togo, Ghana, Niger and Ivory Coast who form part of a task force on the envisaged currency. A committee is planned to lead the efforts, it said. But the president of the biggest economy in the region, Nigeria, urged caution, citing difficulties in the euro zone. “Nigeria will caution against any position that pushes for a fast-track approach to monetary union, while neglecting fundamentals and other pertinent issues,” said Muhamadu Buhari. West African leaders have for decades held meetings on creating their own currency in order to promote regional trade and investment, but little progress has been made. Popular anger over the CFA franc, which stands for African Financial Cooperation in French and is seen by many in the region as a symbol of unwelcome French paternalism, dates back to at least 1994 when Paris suddenly devalued the currency. Establishing a new currency would involve dissolving the Dakar-based West African Central Bank BCEAO for the eight countries within the zone that use it and creating another one. The remaining seven countries in the ECOWAS bloc include English-speaking countries like Gambia and Sierra Leone as well as Portuguese-speaking Guinea Bissau.

Each has its own currency. ($1 = 553.0000 CFA francs)


 

Read More
time posted  comments 0    views 270 

Nigerian Energy Company NNPC is relying heavily on swapping its crude for products such as gasoline as its refineries struggle to run, but an official at the state firm said its access to oil is limited.

While other importers also supply the nation with fuel, Nigeria caps its gasoline prices, preventing private importers from bringing the product in when international prices exceed local ones. The swap programme has accounted for as much as 90 percent of gasoline imports, industry sources told Reuters.

Henry Ikem-Obih, Group Executive Director and Chief Operating Officer for downstream operations with NNPC said that the entire NNPC organisation is focused on ensuring that there are no queues and that the country stays wet. He added that it was the key objective, all the way from the president to the minister.

Ikem-Obih also said only the Port Harcourt refinery is currently running. The Warri refinery is expected to come back from maintenance within a few weeks, but the Kaduna plant will be down for a few more months.

He said the so-called direct sale, direct purchase deals that enable NNPC to exchange crude for imported fuels were keeping the country running, but that it was a “very painful task”, made more difficult by limited access to oil.

 

Read More
time posted  comments 0    views 259 

The Nigerian National Petroleum Corporation, NNPC, said it has been mandated by the Federal Government to make meaningful efforts in stimulating the country’s economic growth and development yesterday.

This is even as stakeholders in the gas sector charged the Federal Government to develop its gas reserves to achieve efficiency in power supply across Nigeria.

Group Managing Director, NNPC, Mr. Maikanti Baru, disclosed this during a Gas Roundtable organised by Nigerian Gas Association, NGA, for Chief Executives and Directors of oil and gas companies, where he was named the Pioneer Advisory Board Chairman of the association.

He disclosed that the directive was to ensure that gas infrastructure development was enhanced for gas supply, stressing that this was a critical focus area in the Federal Government’s 2016-2019 ‘Big Wins’ for the oil and gas industry as well as in the NNPC’s 12 Key Business Focus Areas to grow the industry.

He noted that the Nigerian gas sector remained the largest and most vibrant in sub-Saharan Africa with lots of potentials, especially in the deep water and untapped gas resources.

He asserted that the gas reform was anchored on a robust strategic framework that is focused on maximum economic impact through gas, saying that it aims to drive linkages with agriculture, manufacturing and dispersed small enterprise through power.

Also speaking, President of NGA, Dada Thomas, said for the Nigerian economy to achieve its full potential, there must be power anchored on gas development through active private sector participation.

In his welcome address, he noted that gas development was the key to unlocking a better future for Nigeria.

He explained that “we believe that gas equals power. Economy diversification is a simple equation, and it means ‘No gas, No power.’ Gas remains the basis to diversify our economy.”

 

Read More
time posted  comments 0    views 371 

Former US president Barack Obama has selected New-York based artist, Kehinde Wiley, to paint his official portrait. 

Kehinde Wiley is known for lush, larger-than-life portraits that overlay black street culture with European classical motifs. He is believed to be an exciting choice for the presidential portrait. Throughout his career, Kehinde has become renowned for creating portraits of African American men, including the Notorious B.I.G., LL Cool J, Big Daddy Kane, Ice T, Grand master Flash and the Furious Five, Michael Jackson, and more.

Kehinde was born to a Nigerian dad and an African-American mom. He did not grow up with his father, so at the age of 20, he traveled to Nigeria to explore his roots and meet him.




Kehinde's mother supported his interest in art and enrolled him in after-school art classes when he was a child. He earned his BFA from the San Francisco Art Institute in 1999 and his MFA from Yale University, School of Art in 2001.

Following a tradition that started with George H. Bush, the Smithsonian National Portrait Gallery commissions an artist to create a portrait of the president and the first lady after their tenure. Obama’s predecessors have preferred to sit for 90-year old portrait artist Everett Raymond Kinstler, who has painted eight US presidents, but Obama chose to go with Kehinde. The Smithsonian National Portrait Gallery made the announcement yesterday.

Former first lady Michelle Obama has chosen Baltimore-based painter Amy Sherald to paint her portrait. Kehinde Wiley and Amy Sherald will be the first black artists to create official presidential portraits for the Smithsonian.

 

Read More
time posted  comments 0    views 331 
Blueprint T.V
View All Post    
Latest Posts
Latest Tweets
Tweet Us     
Blueafric Media
Ogwugo market
LILBURN FITNESS CENTER ENUGU
ogwugo market