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NCC Opens Public Enquiry on 3 Regulatory Instruments

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By Aminu Maida

EVC/CEO of NCC

I welcome you all to this Public Inquiry, focusing on three vital regulatory instruments in the communications sector. It is also a privilege for me to address this esteemed gathering of experts, stakeholders and engaged citizens, all of whom bring valuable insights and perspectives that will help shape the future of our industry.

Your participations, valuable contributions and feedback are vital in shaping a path forward that benefits all of us. Before we delve into the details of these regulatory instruments, let’s take a moment to acknowledge the significance of this event.

The Nigerian Communications Commission, as the independent regulatory authority for the communications industry in Nigeria, has always been committed to promoting an efficient, accessible and competitive telecom industry. The public inquiry we are conducting today is a testament to the Commission’s dedication to transparency and inclusivity ensuring that the voices of all stakeholders are heard and considered.

These regulatory instruments play a vital role in shaping our communications landscape and it is essential that we visit and refine them to address emerging challenges, trends and opportunities. The instruments that we considered during the course of this public inquiry are vital in ensuring the communications sector meets the demand of the ever-evolving digital age.

The first Regulatory instrument in our agenda today is Telecommunications Networks Interconnect Regulations. As we all know, interconnection plays a vital role in enabling seamless communication between two different networks, and facilitating the growth of the communications industry in Nigeria. This review is crucial to keep pace with technological advancement, foster competition, protect consumer interest, align with international standards and improve regulatory efficiency in the industry.

The second instrument to be reviewed is Guidelines on Procedure for Granting Approval to Disconnect Telecommunications Operators. As the industry continues to evolve is the main instances where disconnection of operators becomes necessary these guidelines lay out the procedural framework through which such approvals are granted, ensuring that they are carried out in a transparent and accountable manner.

Lastly, we will be reviewing the guidelines for is Guidelines for Dispute Resolution. Disputes are an inevitable part of any industry. In fact, it is indisputable in any transaction and having a robust framework to resolve them is crucial, and these guidelines aim to provide a clear and transparent mechanism for resolving conflicts within the communications sector promoting timely resolutions and ensuring that stakeholders are treated fairly.

As disputes arise, we must evaluate and improve these guidelines to ensure they remain effective in resolving conflicts and promoting a stable telecommunications ecosystem.

On that note ladies and gentlemen, I invite participants to engage in meaningful and constructive discussions that will reflect the current needs and challenges of the Nigerian communications industry. Your various inputs will be invaluable in shaping the future of our telecommunications sector. Together we can create an environment that inspires innovation, encourages fair competition and ultimately serves the best interest of all stakeholders.

Tony Epelle, CEO of Samuelson Partners is Guest Speaker at Rivers State Economic & Investment Summit 2024

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Mr. Tony Epelle, the Managing Consultant/CEO of Samuelson Advisory Partners Limited has been nominated as a Guest Speaker / Panelist at the Rivers State Economic & Investment Summit 2024, which will be held from 22nd – 23rd May, 2024 in Port Harcourt, Rivers State.

According to the program, Epelle is expected to speak on and set the tone for the panel on Economic Growth & Development: – Diversification Strategies: Reducing Dependency on Oil & Gas and Fostering Economic Resilience.

The Rivers State Economic & Investment Summit 2024 is an esteemed platform that will bring together leaders, innovators, and experts from various sectors to discuss and deliberate on key issues affecting economic growth and development in Rivers State.

With a focus on fostering collaboration, sharing insights and exploring opportunities, the Summit aims to drive meaningful change and sustainable development in Rivers State.

The official invitation to Mr. Tony Epelle read in part:

“Your expertise and experience as a development economist and Nation Builder makes you an excellent resource to address key issues affecting the development of Rivers State. We believe that your insights would greatly enrich the discussions and inspire actionable strategies for economic advancement in Rivers State. The theme of this year’s summit is Rivers EMERGE – Revealing Pathways to Economic Growth and Sustainability“, and we are confident that your perspective would contribute significantly to our collective understanding of the challenges and opportunities ahead. As a Guest Speaker / Panelist, you would have the opportunity to address a diverse audience of industry professionals, policymakers, academics, and stakeholders. Additionally, you will have the chance to network with other thought leaders and exchange ideas that can shape the future of our economy.”

Bonny Gas Transport Charters Prototype Eco-Friendly Newbuild Vessel, AKTORAS

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Mrs. Olu Verheijen, the Special Adviser to the President on Energy and vessel’s Sponsor Lady and Godmother, christens AKTORAS, an eco-friendly vessel chartered by Bonny Gas Transport Limited (BGT), a subsidiary of Nigeria LNG Limited (NLNG), in Mokpo, South Korea.

Bonny Gas Transport Limited (BGT), a subsidiary of Nigeria LNG Limited (NLNG), has chartered a newbuild vessel, AKTORAS, in a strategic move to diversify and reduce the carbon footprint of its shipping portfolio.

BGT was founded in 1989 to provide shipping capacity to NLNG’s operations and has been instrumental in solidifying NLNG’s reputation as a major LNG supplier on the global stage. The newly chartered vessel, AKTORAS, owned by Capital Gas Limited, symbolises a pivotal addition to BGT’s fleet, leased under a Bareboat Charter arrangement.

The vessel is equipped with MEGA propulsion systems that reduce emissions and increase efficiency. It is a 174,000 m3 capacity class LNG carrier, with a length of 299.6 metres, breadth (moulded) of 46.40 metres and deadweight of 81,194 tons.

At a ceremonial ship naming event at the Hyundai Samho Heavy Industries shipyard in Mokpo, South Korea, Mrs. Olu Verheijen, Special Adviser to Nigerian President on Energy, christened the vessel as the Sponsor Lady and Godmother, signalling the formal launch of the vessel that will carry LNG from NLNG’s Bonny Terminal to customers around the world.

The event was graced by Ambassador Ferdinard Nwonye, the Nigerian Head of Mission at the Nigeria Embassy in South Korea; Dr Philip Mshelbila, BGT’s Executive Vice President and NLNG’s Managing Director and Chief Executive Officer; Mr. Olakunle Osobu, NLNG’s Deputy Managing Director; and Mr. Abdulkadir Ahmed, Managing Director and Chief Executive Officer of NLNG Shipping and Marine Services Limited (NSML).

Others at the event were Mr. Andy Odeh, NLNG’s General Manager, External Relations and Sustainable Development; Mr. Ufuoma Otomewo, NLNG’s General Manager, Commercial; Jerry Kalogiratos, Chief Executive Officer of Capital Gas, among others.

In his commemorative remark, Dr Mshelbila, hailed the charter of AKTORAS as a transformative stride towards decarbonisation and a sustainable future.

“The charter of a newbuild modern tonnage to BGT, on a Bareboat Charter basis, represents a strategic move towards diversifying our shipping portfolio. This vessel signifies a new era of greater efficiency and sustainability for BGT’s fleet. The enhanced fleet capacity will support NLNG as it continues to harness Nigeria’s abundant natural gas resources, reposition itself in the Energy Transition era and prepare for the future, which includes the expansion of its production capacity in furtherance of the commitment to meet the growing demand for clean and sustainable energy solutions on a global scale,” he stated.

Mrs. Olu Verheijen stressed that the vessel would carry the spirit of Nigeria across the vast oceans and into the hearts of nations worldwide.

“This ceremony symbolises the unwavering commitment of Bonny Gas Transport Limited and its parent company, Nigeria LNG Limited, to adapt and thrive in the ever-evolving global energy landscape. Their dedication to future-proofing their business resonates deeply with me, recognising it as a crucial strategy to maintain relevance and competitiveness in the dynamic LNG market.

“In the spirit of progress and renewal, this newly constructed vessel replaces ageing steamships, breathing new life into the fleet and bolstering BGT and NLNG’s capacity to meet the growing demands of the LNG market. This signifies a corporate milestone and a testament to Nigeria’s ambition to assert itself as a leading economic force in Africa and beyond. We are amidst a transformative journey, leveraging our resources to build a resilient economy that fosters development and prosperity. We assure our partners, including those present here, that we mean business,” she added.

In a pre-vessel naming dinner, the Chargé D’ Affaires of the Nigerian Embassy in South Korea, Ambassador Ferdinand Nwonye, urged the Hyundai Heavy Industries in South Korea to invest in a shipyard in Nigeria.

“Nigeria offers the biggest market in Africa and there is no shortage of quality manpower in Nigeria. Establishing a Shipyard in Nigeria will give you easy access to the markets of both West and East African countries. It will be a win-win cooperation for all of us,” he added.

AKTORAS will be managed by NLNG Shipping and Marine Services Limited (NSML).

The occasion signifies BGT’s and NLNG’s relentless march towards a sustainable and low carbon emission future.

Nigeria’s Adekeye Emerges Chairperson, APPO Training Directors

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L-R: Secretary General, African Petroleum Producers Organisation (APPO), Dr. Omar Farouk Ibrahim; Executive Vice President, Business Services NNPC Limited (Representative of the GCEO, NNPC), Mr. Inuwa Danladi; new Chairperson, Forum of the Directors of Oil & Gas Training & Vocational Education Institutes of APPO and Director, NNPC Academy, Mrs. Folashade Adekeye and Managing Director, Algerian Petroleum Institute (API), Mr. Abdelkader Guenone during the second meeting of the Forum in Abuja.

Nigeria’s Folashade Adekeye has emerged as the Chairperson, Forum of the Directors of Oil & Gas Training & Vocational Education Institutes of the African Petroleum Producers Organization (APPO).

Adekeye, who is the Director, NNPC Academy, took over from the former chairperson, Mr. Abdelkader Guenone, the Managing Director of the Algerian Petroleum Institute (API), during the second meeting of the Forum, in Abuja, at the weekend.

Adekeye, who heads the NNPC’s oil and gas training arm, brings into the role over 30 years of experience, and is expected to work with her colleagues from APPO Member Countries in order to foster more collaboration towards addressing the challenges of competences, skill gaps, infrastructure, and poor funding in the organisation’s training institutions.

Earlier in his keynote address at the opening ceremony of the meeting, the Group Chief Executive Officer of NNPC Limited., Mele Kyari, represented by Inuwa Danladi, Executive Vice President (Business Services), emphasised the importance of a standardised educational and training approach to meet the changing demands of the oil and gas industry.

Also in his keynote address, APPO’s Secretary General, Dr. Omar Farouk Ibrahim, charged the Member Countries to work towards further enhancing collaborative efforts to establish Oil & Gas Centres of Excellence across the African continent.

Dr. Ibrahim, also from Nigeria, said having good knowledge of the Forum’s challenges would enable APPO Member Countries to make recommendations and provide solutions in areas such as Oil & Gas project funding, technology adoption, and the formation of Africa Energy Bank.

He concluded that such collaboration by all member countries will guarantee Africa’s energy accessibility, affordability and sustainability, which overall, will strengthen her economies and bring prosperity to its citizens.

Transcorp Power: N142bn Revenue, N52.8bn PBT, Declares N23.46bn Dividend

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From L-R: Dr. Owen D. Omogiafo, Non-Executive Director; Peter Ikenga, Managing Director/CEO; Emmanuel N. Nnorom, Chairman; Stanley Chikwendu, Company Secretary at the Annual General Meeting of Transcorp Power Plc held in Abuja on Monday, May 20, 2024.

Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), announced impressive financial performance at its recently concluded 11th Annual General Meeting (AGM), the first since the Company went public, via a listing by introduction of its shares on March 04, 2024.

The Company recorded gross earnings of N142.1 billion, a 57.3% increase, compared to the previous year. Profitability remained strong, demonstrating its resilience amidst evolving market dynamics. Profit before tax showed an impressive year-on-year growth, up 84.4%, from N28.6 billion reported in 2022 to N52.8 billion in 2023.

At the AGM, the Chairman of the Board, Mr. Emmanuel Nnorom highlighted Transcorp Power’s achievements over the past year, while assuring shareholders of the Company’s commitment to maintaining its exceptional financial results and improving the lives of Nigerians.

He said: “Last year’s strong performance is a testament to the resilience of our business strategies, underpinned by a culture of strong corporate governance.  We know that with our strategy and the dedication of our team, we will continue to deliver exceptional value to all stakeholders.”

Speaking on the Company’s performance, the Managing Director/Chief Executive Officer, Transcorp Power, Peter Ikenga, stated that the Company’s success is as a result of the rigorous execution of our strategies and deliberate focus on enhancing operational efficiency.

“As we celebrate last year’s achievements, we remain committed to continuous improvement. This year, our strategic focus is on recovering plant available capacity, enhancing operational excellence and efficiency, and rigorously implementing our plant maintenance schedule. We will continue prioritising and investing in human capital, aiming to enhance in-house capabilities.  Our commitment to incident and injury-free operations remains strong, as we leverage our talent, foster ingenuity, and nurture teamwork. We are determined to build on our successes and leverage strategic investment opportunities to deliver even greater performance and sustainable growth for our stakeholders.”

Shareholders at the AGM lauded the Company’s professionalism and commitment to growing value for shareholders. Mrs. Bisi Bakare, one of the company’s shareholders, commended Transcorp Power for continuously exceeding shareholder expectations. She said: “I am very satisfied with Transcorp Power’s performance. It demonstrates their commitment to creating value for us shareholders, which is what we are all here for.”

Transcorp Power’s social responsibility activities were also commended at the AGM.  The Company has contributed to Nigeria’s sustainable development, particularly in the areas of education, community development, and environmental sustainability.

Operationally, the Company’s focus on excellence and optimisation has contributed to its position as a market leader in the power sector. Through strategic investments and operational strategies, Transcorp Power continues to enhance its generation capacity and optimise plant performance.

Transcorp Power Plc is an electricity generating subsidiary of Transnational Corporation Plc (Transcorp Group), a leading, listed African conglomerate with strategic investments in the power, hospitality, and energy sectors.  Transcorp Power is committed to creating value and driving economic growth, by improving lives through access to electricity and transforming Africa.

NCC, SMEDAN, NAICOM, SEC, Others Set for SUPERNEWS SMEs Conference June 13

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Business Journal Magazine

The Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr. Charles Odii, the Executive Vice-Chairman/CEO, Nigerian Communications Commission (NCC), Dr. Aminu Maida, other regulators, experts, stakeholders from the financial services and ICT sectors, small business owners among others have confirmed their attendance at the SUPERNEWS Nigeria SMEs Forum 2024 scheduled for Thursday, June 13th 2024 at Radisson Hotel, GRA, Ikeja, Lagos.

The conference with the theme, ‘Bringing SMEs into the Financial Services Network via Fintech’ would be declared open by the SMEDAN DG, Mr. Charles Odii, while the EVC/CEO of NCC will chair the event.

A renowned economist and financial expert, Dr. Biodun Adedipe, the MD/CEO, Biodun Adedipe & Associate Limited will deliver the keynote speech at the conference, which would dig into issues faced by SMEs in running their day-to-day businesses in Nigeria.

The conference will also feature a panel session which would be handled by erudite scholars, including the Chairman, Nigerian Association of Small and Medium Enterprises (NASME), Yeye Modupe Dada; Managing Director/CEO, Sunu Assurances Plc, Mr. Sam Ogbodu, Managing Director/CEO of APT Securities and Funds Limited, Mr. Kasimu Garba Kurfi and Head, Financial Institutions Ratings at Agusto & Co., Mr. Ayokunle Olubunmi.

The Special Guests of Honour for the conference include the Director General of SMEDAN, Mr. Charles Odii; Acting Director General, Securities and Exchange Commission (SEC), Dr.  Emomotimi Agama and the Commissioner for Insurance/CEO, National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin.

The Publisher of SUPERNEWS Nigeria, Ngozi Onyeakusi in a statement in Lagos said the choice of the theme of the Conference was borne out of the quest to improve the business climate for SMEs in Nigeria by leveraging on technology in terms of accessing financial services.

She said it’s unfortunate that SMEs that form the bedrock of every economy are plagued by a lot of challenges, especially inadequate access to finance. Indeed, reports have shown that the challenge of SMEs in accessing funds could be traced to inadequate access to financial institutions and education, skills, experience of owners/managers, high interest rates, gender discrimination, among others.

It therefore becomes imperative to leverage on technology to ensure their sustainability, productivity and profitability.

The conference, she said, will, among others, examine the key challenges faced by SMEs in Nigeria and provide practical solutions to help overcome them.

It will equally explore the benefits of fintech for small businesses, including how it can help them overcome financial challenges and drive growth through technology-driven solutions.

She equally emphasised that the confab is a learning opportunity designed to enhance awareness, deepen understanding of the participants on how SMEs can grow and sustain their businesses by embracing various financial services options including banking, capital market, pension and insurance.

 

Stanbic IBTC Holdings to Host 7th Edition of its Youth Leadership Series 

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Stanbic IBTC Holdings, a leading financial services group committed to fostering growth and innovation in Nigeria’s economic landscape has unveiled plans for its much-anticipated annual event, the Youth Leadership Series (YLS). Now in its seventh year running, the YLS serves as a beacon of inspiration and empowerment for the nation’s youth, offering invaluable insights and strategies for personal and professional success.

Scheduled for May 22, 2024, at the prestigious Multipurpose Hall of the University of Lagos, the YLS will bring together a diverse array of young professionals, students, entrepreneurs, and career-driven individuals eager to glean wisdom from a panel of esteemed speakers. With the theme “The Growth Code: Unlocking the secrets and strategies to personal and professional success,” the event promises to delve deep into the core principles that drive growth and achievement in today’s dynamic world.

Dr Demola Sogunle, Chief Executive of Stanbic IBTC Holdings, will deliver the keynote address, drawing from his three-decade-long career in the financial services industry to inspire the next generation of leaders. Alongside Dr Sogunle, the event will feature a lineup of distinguished speakers, including award-winning Nigerian actress Bisola Aiyeola, renowned digital content creator Salem King, founder of The Dew Centre Omon Anenih, and youth development advocate, Oyinkansola Oni.

The YLS 2024 will consist of two-panel sessions designed to provide attendees with actionable insights and practical strategies for success. The first session, titled “Hacking the growth code in your chosen career,” will explore innovative approaches to career advancement. In contrast, the second session, “The catalyst to running a successful business in the current business terrain,” will offer invaluable advice for aspiring entrepreneurs navigating today’s competitive landscape.

In addition to the enlightening panel discussions, attendees can look forward to a captivating performance by Phillip Kayode Moses, popularly known as Pheelz, a prominent Nigerian record producer, singer, and songwriter. The event promises to be a unique blend of inspiration, education, and entertainment, offering attendees the opportunity to network with like-minded individuals and forge meaningful connections.

As Nigeria’s youth continue to chart their paths in an ever-evolving global economy, initiatives like the Youth Leadership Series play a crucial role in equipping them with the knowledge, skills, and confidence needed to thrive. Stanbic IBTC Holdings remains steadfast in its commitment to nurturing the next generation of leaders and driving positive change in Nigerian society.

Stanbic IBTC Holdings is a leading financial services group committed to driving growth and innovation in the Nigerian economic landscape and a member of the Standard Bank Group, Africa’s largest bank by assets.

Fidelity Bank Distributes Food Packs to Families in Keffi

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Leading financial institution -Fidelity Bank Plc -has distributed food packs to women, widows, children, and the vulnerable in Keffi, Nasarawa State as part of its Corporate Social Responsibility (CSR) activities.

Addressing newsmen in Keffi, Nasarawa state during the distribution event tagged, “Fidelity Food Bank Initiative”, which was carried out in partnership with ABBASID Charity Foundation, the Divisional Head, Brand and Communication Plc, Fidelity Bank, Meksley Nwagboh, emphasised the bank’s commitment to supporting communities all across Nigeria through its Food bank initiative.

“Since April 2023 when we launched the Fidelity Food Bank initiative, we have distributed over 100,000 food packs in more than 100 communities nationwide. This is borne out of the premium we place on the wellbeing of our host communities as well as our commitment to support the achievement of the United Nations Sustainable Development Goals 1, 2 and 3 which speak to Poverty eradication, Zero Hunger and Good Health and Well-Being respectively.”

On her part, the Founder of Abbasid Foundation, Hajia Hauwa Abbas, said the food bank drive started when she was chosen as the bank’s Food Bank partner in the North and listed some of the benefitting states to include Jigawa, Zamfara, Zaria, Kebbi Bauchi, Kano and the Federal Capital Territory (FCT).

”I am very pleased with Fidelity Bank because as much as they are doing business with us in our community, they are also giving back to us, especially women”.

The food distribution event also saw Sen. Wadada Ahmed, representing Nasarawa West Senatorial District, leverage the Fidelity Food Bank outreach to provide additional food items to residents of the community.

Senator Ahmed, who was represented by his wife, Zainab Wadada-Ahmed, said the move was in continuation of his philanthropic gesture to his constituents especially for orphans and widows.

”We are here today to give back to our people and considering the hardship in the country, this is the little that we can do. I appeal to well-meaning Nigerians to try and collaborate to see how we can help the people that do not have”, she said.

Appreciating the gesture from the bank and her partners, one of the recipients, Mrs. Susan Nyikwagh, urged other well-meaning persons and organisations to take a cue from the bank and come to the aid of the vulnerable ones in the society.

Ranked as one of the best banks in Nigeria, Fidelity Bank is a full-fledged customer commercial bank with over 8.5 million customers serviced across its 251 business offices in Nigeria and the United Kingdom as well as on digital banking channels.

The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.

NCC Suspends Issuance of Telecom Licenses in 3 Categories

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The Nigerian Communications Commission (NCC) has issued a Public Notice ‘TEMPORARY SUSPENSION OF THE ISSUANCE OF COMMUNICATIONS LICENCES IN THREE (3) CATEGORIES’ commencing on Friday, May 17, 2024.

The public notice from NCC reads as follows:

In line with its powers under the Nigerian Communications Act (NCA) 2003 to grant and renew licences, promote fair competition and develop the Communications Industry, the Nigerian Communications Commission (the Commission) hereby informs all stakeholders of a temporary suspension on issuance of new licences in the following categories:

  1. Interconnect Exchange Licence
  2. Mobile Virtual Network Operator Licence
  3. Value Added Service Aggregator Licence

This temporary suspension is necessary to enable the Commission to conduct a thorough review of several key areas within these categories, including the current level of competition, market saturation and current market dynamics.

The public is invited to note that during the suspension period commencing on 17th of May, 2024, new application for the aforementioned licences will not be accepted. This is without prejudice to pending applications before the Commission which will be considered on their merits.

Any enquiries or clarifications in respect of this Suspension Notice should be forwarded to: [email protected].

Date this 17th day of May 2024.

 

Reuben Muoka

Director, Public Affairs

Nigerian Communications Commission

A Review of Ademola Akinbola’s New Book – Value Creation: Your Pathway to Enduring Business, Career Success

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By Lanre Alabi

A new book is always a thing of joy, not only to the author but also to knowledge seekers and avid book readers who believe in continuous self-improvement.

Being his sixth book, Ademola has over the years carved an enviable niche for himself as an author of repute specialising in management texts that focus on how to support career professionals and business managers in their bid to perform better and deliver enhanced results.

Value Creation: Your Pathway to Enduring Business and Career Success is, therefore, a continuation of Ademola’s efforts to share knowledge with those who desire to be relevant, successful, and impactful in their careers and businesses. The 220-page, six-chapter book with an illuminating cover is well laid out on a cream paper with an appealing, eye-friendly font that makes reading a pleasure.

The simple, breezy style the author employs makes the book easy to comprehend, and you can actually read the entire book in three days if you are a voracious reader. However, this is not a book you should read in a hurry.

It is a book you should read several times while also making copious notes of strategic insights you should apply to your personal or corporate brands.

TARGET AUDIENCE 

The book is targeted at career professionals and entrepreneurs who are deliberate about building valuable brands by producing value-adding products and services that will meet the identified needs of consumers and exceed their expectations.

THEME 

The central theme that runs through the book is the over-aching relevance of value creation and value addition in building and managing personal and business brands.

The author dwells extensively on the need for individuals and organisations in the private and public sectors to build strong brands that thrive on value creation. He also harped on the need for strong corporate reputations for businesses to become valuable and impactful.

Dwelling on his professional experience spanning over three decades, the author writes from the point of view of a hands-on manager who has seen a lot and done a lot in the areas of corporate communication, branding and reputation management.

FOCUS

The book focuses on how a value re-orientation revolution could be achieved in the private and public sectors. He identifies the patent lack of appreciation of the need for value creation and addition in Nigeria while enumerating strategic steps that should be taken by career individuals, entrepreneurs, corporate bodies, and public sector organisations to become value-driven, impactful, and valuable to their stakeholders.

CONCLUSION

CEOS, career managers, entrepreneurs, and government officials will find this book an inseparable companion. The book is a strategic roadmap for organisations that are value-driven and vision-propelled. It is a must-have for CEOs who are focused on building strong corporate brands that can deliver value to stakeholders while achieving sustainable and trans-generational profitability.

The author needs to consider writing a sequel to this book with the objective of a further deep dive into some salient sub-themes which he mentioned in this edition. Value creation is a wide field and the author will do well to consider a further exploration of the subject in subsequent editions.

On the whole, Value Creation: Your Pathway to Enduring Business and Career Success is a “damn good” book, to borrow that popular American slang. It is an unputdownable book that I strongly recommend to you. It is a book that will add value to your career and business if you endeavor to internalise the various action points recommended by the author, and also immediately put them to good use.

Alabi is the CEO of Prospers Strategy, Lagos.

 

NLNG Operations Not Impacted by Explosion at Gbarain Ubie Gas Processing Plant

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The Nigeria LNG Limited (NLNG) says it is aware of reports of an explosion at a gas processing plant in an upstream facility at Gbarain Ubie, Yenagoa Local Government Area of Bayelsa State which happened last Tuesday.

In a statement, Mr. Andy Odeh, General Manager, External Relations and Sustainable Development at NLNG noted that the explosion does not impact the gas supply to the NLNG plant or the operations of the company.

Sovereign Trust Insurance Wins “Best Digital Innovation Insurance Company of the Year’ Award

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L-R: Segun Bankole, DGM/Head, Corporate Communications & Investor Relations flanked by Deborah Ugbaje, AGM/Head, Lagos Area Offices, Sovereign Trust Insurance Plc at the West Africa Innovation Awards 2024. The Underwriting Firm won the ‘Best digital innovation Insurance Company of the Year’ in the gold category Award for Customer Service Excellence.

Sovereign Trust Insurance Plc has won the ‘Best Digital Innovation Insurance Company of the Year’ at the West Africa Innovation Awards 2024.

The award was to honour Excellence, Innovations, Creativity and Professionalism in Brand Practice in West Africa.

NGX Group Chair, Umaru Kwairanga, Congratulates Mutallab on Funtua Inland Dry Port

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On behalf of my family and friends, I, Dr. Alhaji Umaru Kwairanga, Sarkin Fulani Gombe, heartily congratulate my Life Chairman and our Father, Dr. Umaru Mutallab CON, on the official commissioning of the Funtua Inland Dry Port.

The take-off of the inland port which will facilitate and revitalise economic activity across the North West in particular and Nigeria in general is another testimonial to your pioneering efforts across various sectors of the Nigerian economy, which insha Allah, shall reap great returns.

Congratulations, once again sir.

Allah ya mana Jagora.

 

Alh (Dr.) Umaru Kwairanga

Sarkin Fulanin Gombe

GMD/GCEO FINMAL

Chairman NGX Group.

Repton CEO Offers Career Success Tips at Lagos Career Fair

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L-R: Mr Olapado Akinloye, Host/Executive Director, FasTrack Academy presenting a plaque to Otunba Odeyeyiwa Kazeem, GMD/CEO, Repton Group and Keynote Speaker, with a participant (middle) watching, during the 2024 FasTrack Academy Lagos Career Fair in Lagos recently.

Otunba Odeyeyiwa Kazeem Olayemi, GMD/CEO of Repton Group has said that achieving career advancement requires passion, focus, diligence, acquisition of special skills, positioning and resilience.

Otunba Odeyeyiwa made the disclosure at the recent Lagos Career Fair 2024 where he was the Keynote Speaker.

The Repton Group CEO said these career success basics especially become imperative because job-seekers are now faced with stiffer competition from millions of other job-seekers in today’s expanded job market, following the digital technology explosion that has made the world a global village by dismantling geographical boundaries, globalising competition and widening the scope of career opportunities.

He added that apart from job-seekers, workers too are in constant local and global competition in the workplace with a lot of prospective employees, ambitious subordinates, determined peers and even toxic or insecure bosses, all seeking the brass ring of career success.

In Otunba Odeyeyiwa’s words, “You need to sharpen your employability skills, strategically position yourself and be resilient to be able to stay ahead of competition and achieve accelerated career advancement.”

The CEO of Repton Group, a conglomerate that clinched 2023 National Largest Distributor of Dangote Cement Award explained that employability skills refer to a set of skills, especially personal attributes that make individuals more likely to gain employment and be successful in their chosen careers. According to him, “They are the skills that employers value more in prospective and existing employees as specialist or technical skills associated with different roles are less important for business success.”

Otunba Odeyeyiwa explained that some of these skills are effective communication skills, interpersonal skills, personal development/learning, self-awareness, emotional intelligence, problem-solving/analytical skills, and creativity and innovation. He said others are planning and organisation, self-management, ethical awareness, leadership skills, CV and cover letter writing skills, and job interview skills.

According to the CEO, “As a job-seeker or worker, you need to build your personal brand and then position yourself as a good brand for recognition and advancement opportunities and growth.” Advising job-seekers on self-positioning, he said job-seekers should be creative in their job-search efforts by concentrating more on unsolicited job application strategy where they will often be the only candidates being interviewed rather than the solicited application approach of merely responding to vacancy adverts that thousands or millions of other job-seekers are also applying for.

Otunba Odeyeyiwa added that strategic self-positioning for career success can be achieved through self-marketing, building personal reputation, requesting additional work in the workplace, having a mentor, maintaining cordial relationships with your boss, strong online presence, etc.

Emphasising the importance of resilience to career success, Odeyeyiwa said: “Development of employability and technical skills as well as employment of strategic positioning may still not quickly guarantee career success in some instances as expected. This may lead to the boundary of your patience being overstretched. One potent tool you need to survive such a situation is resilience, the mentality of a winner.”

Comms Minister, Maida Advance Nigeria’s Vision on Digital Capacity in Partnership with Nokia

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Recently, Dr. Bosun Tijanni, the Honourable Minister of Communications, Innovation and Digital Economy, led the Executive Vice Chairman and Chief Executive of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, signed a Memorandum of Understanding (MoU) with Nokia Solutions and Networks Nigeria to train young Nigerians on latest 4G/ 5G radio and transmission technologies at the Nigerian Communications Commission’s Digital Parks.

Nokia Nigeria would be setting up a fully functional 5G/4G test lab, leveraging their latest radio and transmission technologies.

This collaboration advances the vision to enhance the capacity and skills-set of Nigerians, by equipping them with contemporary skills and knowledge needed to adapt to the rapidly evolving telecommunications industry.

In tune with the Ministry of Communications, Innovation and Digital Economy’s goal to drive digital literacy and build a pipeline of technical talents across Nigeria, Nokia Nigeria would also set up an Entrepreneur Learning Programme where it would deliver high-quality vocational trainings to 200 Nigerian students chosen from across the six geo political zones of Nigeria.