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    Mentorship, Key to Global Trade Boom

    By Queen Opara
    Dr. John Isemede, director-general, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (Naccima) has urged Nigerian exporters to embrace mentorship as a strategy for successful global trade.

    Firm Offers Incentive-based Recycling System

    Wecyclers has offered an incentive-based recycling system, rewarding communities in Lagos, Nigeria, with redeemable points via SMS.

    Telkom 'Misled' into Staying in Nigeria

    L-R: Mr. Femi Ekundayo, past president Chartered Institute of Bankers of Nigeria (CIBN); Mr. Ladi Balogun, MD/CEO First City Monument Bank (FCMB); Otunba Mrs. Debola Osibogun, 1st vice president and chairman, planning and organising committee of CIBN 50th anniversary and Mr. Nath Ude, executive director, FCMB, during the visit of the members of the consultative committee on 7th annual banking and finance conference and anniversary committee to the bank recently. Photo: EMMANUEL ANYANWU
    Telkom would have pulled out of its loss-making Nigerian operation three years earlier, had it not been misled into signing a 10-year deal that it thought would bolster revenue, the telco argues in court papers.

    Smedan Elevates Image Maker, 70 Others

    The Small and Medium Enterprises Development Agency of Nigeria (Smedan) has announced the elevation of the Agency's image maker, Mr. Levi Chukwuemeka Anyikwa to the rank of deputy director. Seventy others were also elevated to various positions in the recent promotion exercise conducted by the agency which produced four new assistant directors.

    AUN Announces Two Major Academic Promotions

    The American University of Nigeria (AUN) recently promoted two staff, Dr. Charles Reith and Dr. Linus Osuagwu, to professorial positions. Reith, who serves as the university's director of sustainability initiatives, will take on the additional responsibility of interim vice president for academic affairs (VPAA).

    L-R: Mr. Lucas Dada, director of business segments, Etisalat Nigeria, JJC, Nigeria Rap/Hip-hop artiste and Mr. Mark Redguard, chief marketing officer, Spinlet, at the Etisalat Spinlet Music App Launch Concert at the Oriental Hotel Lagos. Photo: EMMANUEL ANYANWU
    The Nigeria Deposit Insurance Corporation (NDIC) has made a passionate appeal to financial institutions operating in the country to imbibe sustainable banking practices in their operations. NDIC said sustainable banking culture required banks to uphold environmental and social standards by not granting credits or supporting business activities that would harm the environment.

    Confusion Over Stock Market Crash

    L-R: Prof. Albert Alos, Lagos Business School; Mr. Segun Aina, OFR, FCIB, president/chairman of Council, CIBN and Dr. Enase Okonedo, Dean, LBS at the cooperation agreement for collaboration on MBA/ACIB programme and CIBN CFS/LBS affiliation consummated between LBS and CIBN at the Lagos Business School, Lekki Lagos recently.
    By the close of work last Friday, the regulators and operators in the Nigerian capital market could not give specific reasons why the Nigerian stock market caved in on Thursday and declined further on Friday, causing it to shade about N600 billion within two days. BusinessWorld Intelligence can now reveal that the unexpected sharp drop in all market indices took both the regulators and the operators in the market unawares, making them to sound incoherent as to what must have caused the near crash of the market.

    40 Insurance Companies May Not Meet IFRS Deadline

    Only 12 insurance firms may have met the mandatory International Financial Reporting Standards (IFRS) deadline, as a good number of the 54 insurance firms in the country are still reeling in severe challenges. This means that the compliance level is below 30 per cent, as about 40 insurance companies are still struggling to meet the deadline which is at hand.

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