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Home Blog Page 6415

Tekedia Institute Appoints Results Institute As Regional Partner for Southern Africa

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South African flag

Good People, I am very happy to announce that we now have a local presence in Southern Africa to make it easier to connect with innovators and co-learners in the Tekedia Mini-MBA. South Africa and the broad Southern Africa brought some of the largest members in our current program. So, when @Sifiso wrote to us that he would like to establish a local company that would focus on expanding our works in the area, we were thrilled. He dropped that email with a keyword, “Fantastic” training. He is a current member, and this are his words.

Another great insight by Ndubuisi Ekekwe. He keeps them coming fast. Many of us miss the significance of stories that make the news headlines. For the past few years, I have followed Ndubuisi (even digging up some of his old articles). Everything tech globally and in Africa is treated with same incisive analysis and broken down as it happens.

This year, it has been a privilege to be in the mini-MBA he is running through his Tekedia Institute (USA). Weekly case studies based on current events and the underlying strategy constructs have made it easy to understand the rise and fall of technology-based businesses.

Given current trends, I am glad I took the decision to follow and enroll in the mini-MBA. Friends interested in joining the next course (22 June to 22 October 2020) can explore the course and contents at https://results.institute

Ladies and gentlemen, the payment issue is solved and fixed, Results Institute Continuing Education is approved to collect payments as a Regional Partner (Southern Africa) for Tekedia Institute.

Once Covid-19 passes, I would be visiting Cape Town and Johannesburg as usual to continue what we do therein. South Africa has always supported my works, baptizing me as a “Doctor of Innovation” after a well received program for bank leaders in Africa’s most advanced economy.

If you are in Southern Africa, Results Institute can answer any question you may have on Tekedia Institute. It is working in Zimbabwe, South Africa, etc linking governments, corporations, startups, etc for Tekedia Mini-MBA. Visit the site here – https://results.institute/

https://www.tekedia.com/mini-mba-2/

Why You Need Consistency!

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Getting an audience is hard. Sustaining an audience is hard. It demands a consistency of thought, of purpose and of action over a long period of time.”Bruce Springsteen

Consistency is a special commitment we make to accomplish a goal. It refers to the progressive steps taken to meet specific targets. Every great person or institution that is renowned became influential as a result of the steady steps taken on a daily, weekly or monthly basis.

Consistency does not deliver instantaneous results; instead, it requires discipline, dedication and determination.

Sometimes, nobody may want to pay attention to what you are doing, but as long as you are doing something the right way, without giving up, you will succeed. There are times when you might feel discouraged. You may want to compromise your standards or even give up on your dreams. However, consistency tells you to be patient, and to persevere. There are people that will cherish your work, and your services. These people are your loyalists , and if you are consistent, they will be your public relations officers, as they will throw in some good words for you in your absence. You may be framed by your competitors, or malicious rivals. However, if you are consistent, your good works will stand the test of time, and will speak for you.

Some time ago, I began a small business. The first day I went to distribute my goods, I heard all manner of discouraging words from my potential customers. To them, a graduate should not engage in such ventures. Although I understood why they found it difficult to believe, I also knew that I wouldn’t engage on such a scale for a long time. I ensured that my customers knew me, through quality goods and an awesome customer experience. I kept on going until almost everyone had become my customer. I made sure my customers’ needs were always met, as I always delivered as promised. There were times I went the extra mile to ensure that I delivered. And of course, it paid. Not only did I see an increase in my earnings, I also had a larger chunk of the market share in my niche. It was during that time that someone recommended me for a job in Abuja – Nigeria’s Capital. How did this happen? I was consistent.

Consistency teaches you to do the little things you can with confidence and joy, knowing that there will be a harvest time.

The mistake most people make is that they expect to reap the same day they sow. In most cases, this doesn’t happen thereby making them lose patience, and to retract” ~ Godswill Ekwughaonu

 

Tekedia Mini-MBA – New Sessions, and MIT Expert for Supply Chain Management

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Good People, we have added the following sectors under Sector Innovation and Focus for the second edition of Tekedia Mini-MBA: Logistics, Ecommerce, Fintech, EdTech, Agtech and HealthTech. Only Founders or CEOs of related startups would facilitate them. Meanwhile, an MIT expert on supply chain management will handle a session on Effective Supply Chain Management. Our updated courses and faculty are available here.

https://www.tekedia.com/mini-mba-2/

The Apple’s Press Release

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Why is Facebook investing on connectivity in Africa and Latin America? Why is Google putting resources to expand mobile internet in Africa and beyond? Answer: every IP is an IP even though you can segment the value derivable by regions. So, if you put $100 million to provide affordable internet to people, increasing your number of users, Wall Street could boost your stock by $1 billion. It is the same playbook that is used in retail: give away $10 million through promos on the last few days of the quarter, reporting increase on same store percentages, and wait for your stock to add extra $100 million on market cap. As they always say, there is no free lunch in most parts of this world.

So, that brings me to the first Press Release from Apple signed by an Apple staff, telling Africans that it has launched new services. In short, Apple is telling us to help it tell the good people of  Cameroon, Côte d’Ivoire, Democratic Republic of the Congo, Gabon, Libya, Morocco, Rwanda, Zambia, etc that its services are available in their nations.

 Apple® announced that starting today, even more customers around the world can enjoy many of Apple’s most popular Services. The App Store®, Apple Arcade™, Apple Music®, Apple Podcasts® and iCloud® are now available in 20 more countries, and Apple Music is available in 52 additional countries.

“We’re delighted to bring many of Apple’s most beloved Services to users in more countries than ever before,” said Oliver Schusser, Apple’s vice president of Apple Music and International Content. “We hope our customers can discover their new favorite apps, games, music and podcasts as we continue to celebrate the world’s best creators, artists and developers.”

[…]

The App Store, Apple Arcade, Apple Music, Apple Podcasts and iCloud are now available in the following countries and regions:

  • Africa: Cameroon, Côte d’Ivoire, Democratic Republic of the Congo, Gabon, Libya, Morocco, Rwanda and Zambia.

[…]

Apple Music is also expanding to the following countries and regions:

  • Africa: Algeria, Angola, Benin, Chad, Liberia, Madagascar, Malawi, Mali, Mauritania, Mozambique, Namibia, Republic of the Congo, Senegal, Seychelles, Sierra Leone, Tanzania and Tunisia.

This is the first time I am reading a direct press release from Apple which specifically mentioned African countries. It should not come as a surprise: Apple needs numbers because it has upgraded its strategy of selling proprietary hardware packaged with exclusive software, to one that focuses more on services. So, Apple needs numbers – anywhere those can come. Because without numbers, partnerships with retailers, vendors, etc staff.  That explains why that $300 iPhone will come within two years. If Apple sees good traction from here, it can make an affordable phone to serve the market. Everything will change, post-covid-19.

 

The full press release below.

Apple Services Now Available in More Countries Around the World

The App Store®, Apple Arcade™, Apple Music®, Apple Podcasts® and iCloud® are now available in 20 more countries, and Apple Music is available in 52 additional countries

CUPERTINO, California, April 21, 2020/ — Apple® (www.Apple.com) announced that starting today, even more customers around the world can enjoy many of Apple’s most popular Services. The App Store®, Apple Arcade™, Apple Music®, Apple Podcasts® and iCloud® are now available in 20 more countries, and Apple Music is available in 52 additional countries.

“We’re delighted to bring many of Apple’s most beloved Services to users in more countries than ever before,” said Oliver Schusser, Apple’s vice president of Apple Music and International Content. “We hope our customers can discover their new favorite apps, games, music and podcasts as we continue to celebrate the world’s best creators, artists and developers.”

The App Store, Apple Arcade, Apple Music, Apple Podcasts and iCloud are now available in the following countries and regions:

Africa: Cameroon, Côte d’Ivoire, Democratic Republic of the Congo, Gabon, Libya, Morocco, Rwanda and Zambia.
Asia-Pacific: Maldives and Myanmar.
Europe: Bosnia and Herzegovina, Georgia, Kosovo, Montenegro and Serbia.
Middle East: Afghanistan (excluding Apple Music) and Iraq.
Oceania: Nauru (excluding Apple Music), Tonga and Vanuatu.

Apple Music is also expanding to the following countries and regions:

Africa: Algeria, Angola, Benin, Chad, Liberia, Madagascar, Malawi, Mali, Mauritania, Mozambique, Namibia, Republic of the Congo, Senegal, Seychelles, Sierra Leone, Tanzania and Tunisia.
Asia-Pacific: Bhutan.
Europe: Croatia, Iceland and North Macedonia.
Latin America and the Caribbean: the Bahamas, Guyana, Jamaica, Montserrat, St. Lucia, St. Vincent and the Grenadines, Suriname, Turks and Caicos and Uruguay.
Middle East: Kuwait, Qatar and Yemen.
Oceania: Solomon Islands.

The App Store, now in 175 countries and regions, is the world’s safest and most vibrant app marketplace, with over half a billion people visiting each week. It is the best place for users to discover new apps and allows developers of all sizes to distribute their apps to customers around the world. The App Store features many ways for developers to build their businesses, and since it launched in 2008, developers have been creating innovative apps that influence culture and change lives.

Apple Arcade is a groundbreaking game subscription service within the App Store, offering users unlimited access to the entire catalog of more than 100 exclusive games, all playable across iPhone®, iPad®, iPod touch®, Mac® and Apple TV®. Apple Arcade is adding new games and expansions every month from some of the world’s most visionary game developers.

Apple Music is the most complete music experience, now available in 167 countries and regions and offering more than 60 million songs.  With world-class music experts and tastemakers curating thousands of playlists and daily selections, and the renowned global radio station Beats 1, Apple Music is the best music service for iPhone, iPad, Apple Watch®, Apple TV, Mac, HomePod® and CarPlay®, and is also available on Android and and other devices.

New Apple Music subscribers in the 52 additional countries can enjoy a six-month free trial of the service, with locally curated playlists including Africa Now, Afrobeats Hits, Ghana Bounce and more. In addition, users have access to world-class music experts, tastemakers, and artist-led programs from globally celebrated creators including Virgil Abloh, Billie Eilish, Elton John, Pharrell, and more.

Apple Podcasts is the best place to browse and listen to the world’s largest catalog of podcasts, now featuring over 1 million shows in more than 100 languages and 175 countries and regions.

iCloud is an essential service that keeps users’ personal content safe, up to date, and available across all their Apple devices, allowing them to store a lifetime of photos, keep important documents at their fingertips, and share and collaborate with ease. iCloud backs up iPhone, iPad and iPod touch automatically and includes Find My to help locate and secure missing devices. With Family Sharing, up to six family members can share access to Apple Services, including Apple TV+, Apple Arcade, Apple Music, iCloud storage, as well as individual music, movie, TV, book and app purchases. Available in 175 countries and regions, iCloud comes with 5GB of free storage and offers affordable 50GB, 200GB and 2TB plans.

For a full list of Apple Media Services availability around the world, please visit Apple Support (https://apple.co/34SAX9d).

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s five software platforms — iOS, iPadOS, macOS, watchOS and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

Brian Bumbery
Apple

Economy, Finance, Business News Headlines & Insights: 21st April 2020

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Stock Market Update:

Nigeria’s equity market is currently down by 1.19%. FTSE (UK) – down by 1.77%, DAX (Germany) – down by 2.73%, CAC 40 (France) – down by 2.52% and Nikkei 25 (Japan) – down by 1.97%.

Click on the link https://bit.ly/2XrvIf9 to open a stockbroking/share purchase account and trade within 24 hours.

Oil Market Update:


The negative closing price of WTI futures price yesterday can be interpreted to mean sellers desperately paying buyers to take US crude from them. As an example, WTI is currently trading at -$6.3, it means suppliers of oil have to give $6.3 to buyers willing to take one barrel of their oil.

Why will a seller pay a buyer to take a product away? In this case of oil-storage trade, the sellers want to avoid storage costs.

In a WTI futures contract, the buyers of WTI oil are required to take physical delivery of their oil at a location called Cushing, Oklahoma in the United States. Sadly, the storage capacity of that location had been exhausted as a result of oil glut and destruction of demand by COVID-19, and buyers don’t want to take delivery of oil without a place to store it before getting a final buyer. Sellers were therefore compelled to pay buyers an incentive, the reason for the negative closing price of WTI on 20th April.

Aside from the real activities of Buyers and Sellers, Oil as a commodity is heavily traded on exchanges.

The closing price of the WTI yesterday was more of a function of the commodities trading market than underlying fundamentals, more about the activities of pure Investors than the reality on the ground. You will be right to call it panic.

WTI futures expired yesterday, meaning that pure Investors had to sell May’s contract and purchase June to avoid having to make good on their purchase and also avoid storage costs, because there was no storage capacity available in Cushing, Oklahoma.

The main takeaway here is that this challenge is peculiar to the US and the price of WTI is expected to make a comeback in no time.

As for Brent, the unprecedented crash in WTI will not crash Brent prices as Brent contracts will expire at the end of the month.

Nigeria’s Bonny Light futures prices will not be affected too, for now.

Current prices: WTI -$6.3, Brent $21.57, Bonny Light $20.88

Money Market Update:

Nigeria’s annual inflation rate rose for the seventh consecutive months to 12.26 per cent in March, the highest in 23 months from 12.2 per cent in February. The Nigeria Bureau of Statistics (NBS) disclosed this today in its Consumer Price Index Report for March 2020. Read more

At the current rate of inflation, you need returns that will take you closer to growing your wealth in real terms, we can provide that.

Our money market fund is still open and yield is currently over 11.5%, reach out to our team to grow your cash. We are digital, we are working from home, we are online and we are active. You can also do deposits with us at a starting rate of 10%.

Click to subscribe to our money market fund https://trustbancasset.com/moneymarket/

Earnings Flash: United Capital grow earnings by 32.23% and PAT by 53.89%, see highlights in the image below.

Headlines:

BREAKING: 38 New Cases Of COVID-19 Confirmed By The NCDC
Thirty-eight new cases of #COVID19 have been recorded;  says the Nigeria Centre for Disease Control (NCDC). This brings the total number of cases confirmed to 665. According to the NCDC, 23 cases were discovered in Kano, 5 in Gombe, 3 in Kaduna, 2 in Borno, 2 in Abia, 1 in FCT, 1 in Sokoto and 1 in Ekiti. Read more
Latest on the spread of the coronavirus around the world
Reported cases of the coronavirus have crossed 2.46 million globally and 169,863 people have died, according to a Reuters tally as of 0200 GMT on Tuesday, with U.S. President Donald Trump saying he will suspend all immigration into the country. Read more
Nigeria’s Airports Will Remain Shut For Two More Weeks – Aviation Minister
Airports in Nigeria will not be reopened on April 23rd as earlier scheduled. Instead, they will remain shut for two more weeks, a statement from the Ministry of Aviation said on Monday. “As a result of the extension on lockdown by Mr President, it is no longer possible for us to open our airspace and airports for normal operations by the 23rd April 2020,” the Minister of Aviation, Hadi Sirika, was quoted as saying in a statement by the Director of Public Affairs in the ministry, James Odaudu. Read more
Brent crude crashes to $25, US oil falls below $1
The international oil benchmark, Brent crude, fell to $26 per barrel on Monday, as the demand collapse triggered by the COVID-19 pandemic has caused a massive oversupply in the global oil markets. The lockdowns imposed in many of the world’s major economies have sent crude demand tumbling. US oil prices crashed below $0 per barrel on Monday, hitting the lowest level since the contract launched in 1983, on warnings that storage could fill up within weeks, according to Financial Times. Read more
COVID-19: Insurers set to pay N3m on deceased doctor
Nigerian insurers have said they are ready to pay N3m to the first medical casualty who died while taking care of a COVID-19 patient in fulfilment of their promise to provide free cover for medical personnel. Some underwriters disclosed this to our correspondent after a 51-year-old medical doctor died recently of COVID-19, which he contracted from a patient he had treated. The doctor died at the Lagos University Teaching Hospital after he was rushed to the facility. Read more
Corporate Disclosures:

UAC of Nigeria Plc – Dividend Information for 2019 AFS
A Dividend of 10 kobo per ordinary share, subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on the Monday 18th May 2020. Read more
Sunu Assurances Nigeria Plc – Notice of Board Meeting and Closed Period for 2020 Q1 Accounts
Notice is hereby given that a virtual meeting of the board of directors of SUNU Assurance Nigeria Plc (the company) would hold on Thursday, May 7 2020 at 10.00 am to consider and approve the first quarter 2020 unaudited financial statement. Read more