Business

BOFoundation Celebrates Second Anniversary Lecture, Empowers Young Entrepreneurs

Published

4 years ago

February 7, 2020

Eric

By Eric Elezuo

The Bola Oyebade Foundation, a non for profit organisation, has held its second anniversary lecture with the theme “The Importance of Value Chain in an Emerging Economy”.

Kick starting the event, a member of the board of trustees, Mr. Olatunbosun Ajayi was on hand to present the road so far in the scheme of activities of the organization.

He went down memory lane to the first lecture held at the Airport Hotel, Lagos in 2019, acknowledging as many that gave the organization the needed assistance to set sail.

In his words, our duty is to empower as many as we can to better their lives. We have between then and now, identified more people for empowerment and we will continue to do more”

BOF Board of Trustees

He eulogised the founder, Mr. Bola Oyebade, as someone who does exactly what he says he would do.

He noted that six grinding machines has been donated, just as four young entrepreneurs were supported at various locations in Ogun State to start up, adding that equipment like sewing machines have been given out.

In addition, Mr Ayokunle Ayinde, who is in charge of the Foundation’s administration, noted that the foundation has acquired a ten acre farmland for outgrowers scheme in Abeokuta to empower people. According to him, the farmers will grow while the foundation will market for them.

Bola Oyebade cuts birthday cake, surrounded by wife and partners

Again, a cassava plantation has also been acquired including piggery. He stressed that all aspects of farming has been provided.

In vocational training, he noted that several micro credit scheme are planned for anyone in need of job such as in soap making among others. The foundation pledges to stand as surety for anyone with good business proposal at the Bank of Industry.

The guest lecturer, Mr. Biodun Ogunsola, was introduced by Mr. Lanre Adefowogbe, who gave his detailed background, highlighting his brave achievements in entrepreneurship over the years.

Speaking on the theme of the day, “The Importance of Value Chain in an Emerging Economy”, Ogunsola graphically elaborated the deep but simple to becoming a successful entrepreneur.

Bola Oyebade and wife presents a gift to guests lecturer, Mr Ogunsola

In his lecture, Ogunsola informed the young ones that going abroad is not the solution to economic crisis, but making good use of the value chain available in the country, which, according to him, is in abundance. He used the Shea nut as a case study, saying a lot of products could be derived from it.

After a mind-blowing lecture, the guest speaker was presented with a special award by the foundation as a token of appreciation, and supervised by the Founder, Bola Oyebade.

In his address, Oyebade appreciated as many that has supported the foundation till date while giving kudos to the guest speaker.

He went ahead to empower five barbers with barbing tools among whom were Samuel Lukas and Olelekan Ajibola, Raimi Jamiu and Seriki Abedeen and Sikiru Sodik.

Others were Ronke Olafisoye and Wasiu Oseni who got sewing machines each.

In their separate responses, the recipients thanked the management of BO Foundation and wished God repay them magnificently.

Rounding off, the forum took time off to celebrate Bola Oyebade who clocked 49 years on the day as he cut his birthday cake supported by his amiable wife, Linda Oyebade and other members of BOF Board of Trustees.

“Next year’s will be a lot bigger”, enthused a very happy Oyebade who started the foundation as part of his 50th birthday celebrations last year.

Pix: Funmi Adeyemi

Business

Glo Launches New Internet Solution Products for Homes, Businesses

Published

2 weeks 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.