Business

BCI Lauds Women’s Contribution to Society, Identifies Challenges at Monthly Business Luncheon

Published

5 years ago

March 29, 2019

Eric

By Eric Elezuo

The Business Club, Ikeja, has held its lively monthly business luncheon for the month of March with fanfare and exquisite lectures, praising the contributions of women as well identified challenges they face in business.

The event, which took place at the club’s arena on Hakeem Balogun Street, Alausa, Ikeja, was themed Women in Business: The Challenges, and brought together notable wave making women in entrepreneurship, academics, and other sundry endeavours.

BCI President, Adeleke Odude giving his welcome address

Kick-starting the gathering of achievers and would be achievers, the anchor, Dr Adesola Falaiye, invited Mr. Olashore Adegboyega for the opening prayer after which the Chief Host and President of Business Club, Ikeja, Mr. Adeleke Odude, gave his welcome address.

In his address, he intimated the audience that the essence of the gathering was to celebrate and appreciate the existence of women, especially those in business, saying women are the reason behind the existence of mankind in general.

MD Vitafoam presenting a plaque of honour to the guest speaker, Mrs Omolara Emilade

He noted that the luncheon was basically to ‘network, meet new clients and customers and eat lunch’.

Presenting her keynote address, the guest speaker, who is the Group Managing Director/CEO, UACN Plc, Mrs. Omolara Elemide, noted that women have made giant strides in men dominated world, and as a result should be celebrated. She reasoned that roles of both genders and biological tendencies should not lead to crisis but compliment each other.

Mrs Fayo Williams receiving her plaque

She identified the challenges of women in business to include gender discrimination, which most times according to her, is carried out unconsciously.

“To be successful, female leaders should remain firm to themselves and calling, no matter the name they are called,” she said.

More challenges, according to her, are balancing business and family life and fear of failure, especially when it depends on livelihood, weak salary among others.

Mrs Toki Mabogunje receiving her plaque of honour

Lending credence to Mrs. Elemide’s assertion, the panel of discussants comprising Deputy President, Lagos Chamber of Commerce and Industry, Mrs. Toki Mabogunje and Managing Consultant, Simply Exponential Consults Ltd., Mrs. Fayo Williams, agreed that women actually face challenges in doing business.

While Mrs. Mabogunje was quick to identify problem of mobility and credit issues as major challenges, she also advised women to always network wherever they find themselves as well as learn to delegate duties and be open to all and sundry.

Dignitaries gather to cut the luncheon cake

Using her personal experience as analogy, Mrs. Williams told the women not to be limited to the choice of vocation, saying that catering, tailoring and head dressing are not rubber stamped vocation for women. She said that waste management is also a veritable vocation for the womenfolks to explore among many other fields.

The speeches were followed by the launch of the club’s badge, and the guest speakers were decorated and presented with plaques for a job well done.

Mrs Margaret Ajaja and Mr Dele Makanjuola

Among other notable personalities present at the event were the Chairman, Vitafoam Nigeria, Mr. Dele Makanjola, Council Members of Business Club, Ikeja, Honorary Secretary of the Club, Mr. Peter Folikwe; the Treasurer, Alhaji Adefule; Chairman, Membership Committee, Mr. Adelaja among others.

In his vote of thanks, Mr. Folikwe, appreciated everyone that turned up for the occasion as well as all the sponsors including Vitafoam, Patorisky Industrial Planners and many more.

Dr Sola Falaiye

The closing prayer was said by Mrs Rachel Ogolo, bringing the event to a glorious end while networking continued.

A cross section of participants

Business

Glo Launches New Internet Solution Products for Homes, Businesses

Published

1 week ago

April 8, 2024

Eric

Two new products, which provide internet connectivity solutions specially designed for Residential and SME commercial customers, have been unveiled by digital solutions company, Globacom.

The products, Fibre to the Home (FTTH) and Fibre to the Business (FTTB) were packaged for Glo customers to enjoy reliable and high speed internet through linked fibre services.

Globacom said in a statement in Lagos “With these services, businesses and homes can access dedicated internet speeds of up to 1GBps, allowing unlimited internet usages for seamless video calls, video and music streaming and a whole lot of other dedicated usages to promote business success and equally provide endless entertainment for homes”.

It explained that the new product comes with a unique opportunity for “Residential Estates, High Rise Apartments, Commercial SME Estates to enjoy dedicated high speed internet in their cluster”.

These services, according to Globacom, give exceptional experience and unmatched speed for users at home or in offices and are provided through hi-speed fibre – unlike copper which was being used in the past.

Positioning itself as the premier provider of innovative solutions for businesses of all sizes, Globacom assured customers of the best value for money with the new offerings, adding that users who sign on for these services will also enjoy fully dedicated bandwidth.

“We are committed to delivering the most cost-effective data connectivity experience for homes and businesses in addition to providing dedicated and reliable services.” Globacom concluded.

Business

Naira Appreciates Further, Sells at N1,280/$ at Parallel Market

Published

3 weeks ago

March 30, 2024

Eric

The naira, on Friday, appreciated to N1,280 per dollar at the parallel section of the foreign exchange (FX) market.

The current FX rate signifies a 5.19 percent appreciation from the N1,350/$ reported on March 27.

Currency traders in Lagos, also known as bureau de change (BDCs) operators, quoted the buying rate of the greenback at N1,260 and the selling price at N1,280 — leaving a profit margin of N20.

“The price of the dollar as well as other major currencies have been falling. It is affecting our business as some customers prefer to keep their currencies than change it with us,” a currency trader identified as Aliyu told TheCable.

At the official section of the FX market, the local currency depreciated by 0.69 percent to N1,309.39/$ on March 28 — from N1,300.43/$ on March 27.

Meanwhile, the Central Bank of Nigeria (CBN), on March 29, said the economy recorded over $1.5 billion in foreign exchange (FX) inflow this month, indicating its monetary policy initiatives are effective.

The apex bank said the naira is headed in the right direction, and the administration of Yemi Cardoso, CBN governor, remains committed to ensuring the stability of the market and the appropriate pricing of the naira against other major currencies worldwide.

TheCable

Business

NNPC Denies Reducing Petrol Pump Price

Published

3 weeks ago

March 28, 2024

Eric

The Nigerian National Petroleum Corporation (NNPC) Limited has declared that there is no plan to reduce the pump price of Premium Motor Spirit (PMS) aka petrol and Automotive Gas Oil (AGO) aka diesel.

The national oil company disclosed this through a statement on Wednesday by its Chief Corporate Communications Officer, Mr. Olufemi Soneye.

He said: “The NNPC Limited wishes to clarify rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail stations nationwide.

“The company asserts that these reports are false and urges Nigerians to disregard them entirely.

“NNPC Ltd. reaffirms its commitment to sustaining the current sufficiency in petroleum products supply across all its retail stations in the country,” the statement added.