Business
Laila Ijeoma Becomes One Of The Leading Females On Entrepreneurs Africa cover
This Women’s Power Edition, which has been described as a favorite issue, also reveals the keys to business growth in 2018. The new edition also profiles 10 top young South African entrepreneurs, and how they made it so early. Every page has a vital message for both the upcoming and the accomplished entrepreneur .
T he Entrepreneur Africa Magazine ( T.E.A.M .) is a monthly Magazine with primary focus on African businesses and the people behind them .
Founded in 2017, as a publication of DLB Media Solutions, by a young lawyer and media entrepreneur, David Agu , the magazine has featured many prominent business leaders in the continent.
T he Entrepreneur Africa Magazine ( T.E.A.M .) was founded to serve as a platform that’ll help chart alternative ways towards resolving the choking unemployment in AFRICA, and as such has been a crusader, preaching the message of practical entrepreneurship.
The magazine celebrates accomplished entrepreneurs, and promote upcoming ones, by telling both their stories, side by side, compellingly.
Their message is simple: we should all be job creators, rather than job seekers. We should all get busy, innovate, and birth businesses that become solutions to societal needs. That’s why our slogan is: “celebrating economic freedom”.
David Agu once said; New York Attractions
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Remember this. If you’re still in school, then you must understand how lucky you are. It means you still have, at least, a part of the present, while the future awaits. But the future has just one concern; she worries over what you decide to do with whatever portion of the present you have, for this plays a great role in determining what dear future ends up looking like. But again, I say you’re lucky, because now you have absolute opportunity to make dear future look completely gorgeous. But to make that happen, you must become more than just a student. You must ensure that when you eventually leave the walls of your institution, people will ask for your value and not remember to ask for your certificate.
And if you’re out of school, and hopefully, have a day job, then you’re already in the future and the hitherto present has become your past. You must treat each day as the day before the D-day. You must save, save more, and save much more. And then you must plan your moves carefully, and like a sniper, execute right on target. You must leave your erstwhile bosses and all that knew you bewildered as you become your own boss. That is, of course, if you wish to ever truly become great. But this is not for everyone, though. Some are to be ruled over, while some are to rule. And which ever side you end up are strictly a matter of your own choices. Even ‘your village people’ have no hand in this. Trust me.
A very big congrats to my darling Ij baby. Let’s go take the world together. Proud of you
Business
JUST IN: CBN reduces banks’ LDR to 50%
The Central Bank of Nigeria has announced a review of the loan-to-deposit ratio (LDR) for banks, from 65 percent to 50 percent to align with the current monetary tightening.
LDR is used to assess a bank’s liquidity by comparing its total loans to its total deposits.
An increase in the loan-to-deposit ratio allows banks to expand their credits to businesses and individuals, however, a decline in LDR reduces their ability to loan customers from depositors’ funds.
The CBN disclosed the increase in a circular on Wednesday titled ‘Re: Regulatory Measures to Improve Lending to the Sector of the Nigerian Economy’, signed by Adetona Adedeji, its acting director of the banking supervision department.
“Following a shift in the Bank’s policy stance towards a more contractionary approach, it is imperative to review the loan-to-deposit ratio (LDR) policy to align with the current monetary tightening by the CBN,” the apex bank said.
“Accordingly, the CBN has decided to reduce the LDR by 15 percentage points to 50%, in a similar proportion to the increase in the CRR rate for banks.
“All DMBs are required to maintain this level and are further advised that average daily figures shall continue to be applied to assess compliance.
“While DMBs are encouraged to maintain strong risk management practices regarding their lending operations, the CBN shall continue to monitor compliance, review market developments, and make alterations in the LDR as it deems appropriate.”
Business
WhatsApp launches chat filters to allow users find messages faster
WhatsApp, the messaging app, has introduced chat filters to allow users to navigate through messages faster and more efficiently.
The Meta-owned platform announced the new feature in a blog post on Tuesday.
WhatsApp said it launched the new feature so that users can get to their important messages without having to scroll through their full inbox.
The social media service said the chat filters have three different features: “All, Unread, and Groups”.
It added that users can choose between any of the three filters that will appear at the top of their chat list.
“Opening WhatsApp and finding the right conversation should feel quick, seamless, and simple,” the post reads.
“As people increasingly do more on WhatsApp, it’s more important than ever before to be able to get to your messages fast.
“We believe filters will make it easier for people to stay organized and find their most important conversations and help navigate through messages more efficiently.
“We will continue to build more options to help you focus on what matters most.”
In recent times, WhatsApp has been actively rolling out new features to enhance user experiences and keep up with evolving communication trends.
In July last year, the Meta-owned firm unveiled an instant video messaging feature.
On August 8, the social network introduced a screen-sharing feature to enhance the video calling experience on its platform.
WhatsApp also introduced a feature that allows users to operate multiple accounts on a single device.
Business
NCAA suspends three private jet operators for engaging in commercial flights
The Nigerian Civil Aviation Authority (NCAA) says it has suspended the permit of three private jet operators for engaging in commercial flights.
Chris Najomo, acting director general of the NCAA, announced the suspension of the three private operators in a statement read to all airlines on Tuesday.
This is coming a day after Festus Keyamo, minister of aviation and aerospace, said the federal government would arrest and sanction illegal flights and non-certified personnel.
Najomo said the use of private jets for commercial purposes got Keyamo’s attention in November 2023, prompting the minister to issue directives for the cessation of such activities.
“Subsequently, in March 2024, the NCAA had issued a stern warning to holders of the permit for noncommercial flight (PNCF) against engaging the carriage of passengers, cargo or meal for hire reward,” Najomo said.
“The authority had also deployed its official to monitor activities of private jet terminals across airports in Nigeria. As a consequence of this heightened surveillance, no fewer than three private operators have been found to be in violation of the annexure provision of the PNCF and part 9114 of the NCAA regulations.
“In line with our zero tolerance for violation of regulations, the authority has suspended the PNCF of these operators.
“To further sanitise the general aviation sector, I have directed that a reevaluation of all orders of PNCF be carried out on or before the 19th of April 2024 to ascertain compliance with regulatory requirements.”
Najomo also said all PNCF holders will be required to submit relevant documents to the authority within the next 72 hours.
“This riot act is also directed at existing air operators certificate (AOC) holders who utilise aircraft listed on the PNCF for commercial chatter operations,” Najomo said.
“It must be emphasised that only aircraft listed in the operation specifications of the AOC are authorised to be used in the provision of such charter services.
“Any of those AOC holders who wish to use the aircraft for charter operations must apply to the NCAA to delist it from their PNCF and include it into the AOC operations specifications.”
The NCAA also urged travellers not to patronise any airline or charter operator who does not hold a valid AOC issued by the NCAA when they wish to procure chartered operation services.
Najomo also encouraged legitimate players in the aviation industry to report the activities of such “unscrupulous” elements to the authorities promptly for necessary action.
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