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Home Blog Page 6522

The Educational Injustice Against the Girl Child

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Why is it that in our society today, especially in Africa, there is a notion that girls shouldn’t be afforded the same privileges as boys?

Why is it that the majority of African families tend to be piqued or resentful whenever there is no male child in the family?

You may say if there is no male child in a family, who then will succeed the father or inherit his assets when he passes on?

I dislike this statement and more so the mindset more than anything. C’mon, we are in the 21st century, not in the era of our ancestors where stereotypical thoughts as such are being condoned.

A lot of families throw their support behind the male child whenever he says he wants to further his education in college or the University but when the female child make such claims, it holds no water and easily discarded. Most times the reply would be; “there’s no need of wasting more money on you, your high school or secondary school education is enough. After all, someone else is going to marry you anyways”.

Wasting?!! How is improving the lives of our daughters wasting? So you want your daughter to get married half-baked? You want your daughter to be treated as a slave in her marriage by a far more educated man, who will always belittle her intellect even though some may deny it or not make it obvious.

Why is that the majority of men are intimidated by educated females? I don’t seem to understand this. We say; the best thing parents can offer to their children is education. That’s the best legacy a parent can leave behind, educating their children not the male children only.

I’m not wishing to give birth to only boys, neither am I wishing to give birth to girls only but I won’t be discouraged at all if peradventure i get to have four girls. I will drill them and train them to the highest level they can attain. I will ensure that they won’t be frightened by the society or their male counterparts.

Please, let’s look into this, any gender be it male or female can make a parent proud. In fact, girls naturally are blessed with a bright brain and if they are placed in a conducive environment with boys, I’m certain that they would thrive and even outperform their male peers.

Our girls are God’s creation. They are a blessing to us from God and seeing that their lives are filled with pain and struggle from the age of adolescence (menstruation) to the age of adulthood (childbearing), why not we give them something to make them happy. Something they can look back to and it will force a smile on their face.

I’m happy because I see a lot of people fighting this injustice against the girl child in so many ways; from making opportunities such as scholarships, internships, skill-acquisition programs, etc. accessible to then. It’s a thing of great joy.

My friends, what I am simply asking from you is to give our girls and ladies the same privileges that are open to the boys as well. Is that too much to demand?

I will end with a quote from the former U.S. President. Barack Obama;

” You know, we’re in a sports center. Imagine if you have a team and you don’t let half of the team play. That’s stupid. That makes no sense. And the evidence shows that communities that give their daughters the same opportunities as their sons, they are more peaceful, they are more prosperous, they develop faster, they are more likely to succeed”.

Mini-MBA: Full Program Curriculum with Dates, Video Overview

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Registration for the Mini-MBA  is very strong. We want to thank the community for coming onboard to help us deepen the capabilities of stakeholders. We are high priests of innovation on the altars of digital economies. And it is amazing when you see innovation playing out through young people. Yes, students have figured all out – syndicate registration of 5 people, attend free. Please contact our team for your unique code to ensure you get credit for all your promotions and marketing for us. 

Learn more and register for the 4-month program for N50k or $140 here https://www.tekedia.com/mini-mba/ . Class begins Feb 10, 2020 exclusively online. More so, out of popular demand, we have added Flutterwave so that people can pay with their debit and credit cards (naira, USD, Cedi, etc) issued by banks, especially in Africa. 

Watch the video explaining the mini MBA.

The Program Structure/ Curriculum is here –  click here for the text version.

You cannot afford to miss this program. If you need help, contact my team; they offer payment plans. Again, if you get 5 participants, you attend FREE. Simply, we want you in.

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

 

Can this get more startups to list in Nigeria?

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Azeez Lawal permit me to share these insights, from your piece. As Treasury Bills investment option fades in Nigeria, we are learning how one policy can change markets. Yes, the decision to reduce rates on TB has opened huge moments for stocks. Today, Nigerian stock exchange is raking it, returning 10.34% so far in 2020! That is huge for 12 days of trading.

“Mr. A (Investor): I have transferred N2 billion to your corporate account, kindly help me place it in a fixed deposit at 11% for 360 days.

Bank/Fund Manager: Thank you for the transfer, however, we will return your money before close of business today, the maximum we can do is 2%.”

Can this get more startups to list in Nigeria? Jumia may be doing better in Lagos than the paralysis in New York! Yet, it is still early in 2020 to make any call. But one thing is evident – low yields on TB is the best gifts stockbrokers can get in the New Year.

This Week in Nigeria Capital Market (13-17/01/2020): Devaluation, Inflation, Stock Market, Yields

This Week in Nigeria Capital Market (13-17/01/2020): Devaluation, Inflation, Stock Market, Yields

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Why you must preserve your wealth: lessons from Dangote

“As of March 2019, he had an estimated net worth of US$10.6 billion. Dangote is ranked by Forbes magazine as the 100th-richest person in the world and the richest man in Africa, and peaked on the list as the 23rd-richest person in the world as at 2014” Wikipedia

Within 5 years he dropped from 23rd to 100th, what happened to King Dangote?

Nigeria happened to him. Inflation happened to him; average inflation rate was 8% in 2014 as against 11.40% of 2019. Devaluation happened to him, with N155 naira you could buy $1 in 2014 but now you need N306 to buy the SAME dollar. You must have read somewhere recently that Dangote wants to open an office in New York, you wonder why?

“In Africa, you know we have issues of devaluation, so we want to really ‘preserve’ some of the family’s wealth,” Dangote told Bloomberg TV’s The David Rubenstein Show.

The word ‘preserve’ takes us to one of the functions of money as a store of value. A store of value is the function of money as an asset that can be ‘saved, retrieved and exchanged’ at a later time, and be predictably useful when retrieved. More specifically, a store of value is when Naira retains its purchasing power into the future.

Put simply, in 2014 when dollar was N155, you saved N155 in your piggy bank with the goal of contributing towards your Masters program in the US in 2020. It’s 2020 now, with joy you retrieved the N155 from your piggy bank, alas! you need N306 to buy a dollar now. Naira just failed you in its function as a store of value. Yes, you saved it, retrieved it but you could not exchange it for the same amount of dollar because it lost its purchasing power to devaluation.

Inflation also decreases the value of money. As inflation increases, it becomes harder to place a value on money, thus it becomes more difficult to use it as a store of value. In the last 5 years, Naira has consistently failed in its function as a store of value.

  • Now you understand why Dangote dropped from 23rd to 100th.
  • Now you understand why Dangote wants to preserve his wealth in the US.
  • Now you understand why CBN wants Banks to recapitalize, N25 billion was worth $161 million in 2014, the same N25 billion is now worth $82 million now.
  • Now you understand why a lot of businesses have closed shop in the last 5 years, their capital was eroded by devaluation and inflation.

To grow and preserve wealth in Nigeria is a daily struggle. Like Dangote, you must find a way to preserve your wealth. Talking about growth, let’s take a ride to the equities market.

Equities Market Update

The equities market got off to an impressive start in 2020 after a disappointing 2019. In just 12 trade days in 2020, the All Share Index (ASI) has gained 10.34% and currently ranks as one of the best performing equities markets in the world (we are actually the best!). You would recall that the same Market declined 14.60% in 2019 and 17.81% the year before.

This positive performance of the equities market is driven majorly by falling yields on treasury bills, opportunities for high dividend yields and some specific corporate announcements. The stocks that have benefited most from this performance are:

If you had invested N100,000.00 or N1,000,000.00 in the shares of MTNN on 30th December 2019, by now you will be boasting of growth in wealth by 21% to N121,000.00 or N1,210,000.00 excluding transaction charges. 21% in less than 21 days is the most prolific investment outcome anywhere in Nigeria at the moment, a very decent premium of 9.2% above inflation rate which is now 11.98%.

Like any investment option, the equities market comes with its own risk but the interesting thing here is that these stocks are driven by some sort of fundamentals that forms the basis of your investment. As an example, Zenith is driven by the possibility of a high dividend yield, Dangote driven by the corporate announcement of a share buyback and many more.

Generally, the buzz in the market is fuelled by stranded funds in the money market as a result of crashing treasury bill yields.

Treasury Bill Yields Continue to Fall

Two T-bills primary auctions have been held this year, on each occasion, the returns on T-bills have dropped further leaving billions stranded. I mean that stranded in all sense of it, please follow this real-life conversation.

Mr. A (Investor): I have transferred N2 billion to your corporate account, kindly help me place it in a fixed deposit at 11% for 360 days.

Bank/Fund Manager: Thank you for the transfer, however, we will return your money before close of business today, the maximum we can do is 2%.

At the end of the day, the billions are stranded and Investors confused desperate for investment options. Interestingly, these are not bedtime stories, this kind of conversation is now the norm in most finance houses.

At the current average yield of 3.997% (across the 3 tenors) and inflation rate at 11.98%, the return on treasury bills will come in negative at -7.129%, clearly, you cannot grow your wealth with T-bills.

The biggest beneficiary of the stranded funds is the equities market, if I cannot find where to fix my money ‘lemme’ just buy shares. These actions create buy activities in the equities market, and as you are aware the equities market thrives on buy, buy, buy…

Like a Stockbroker, have a fabulous weekend.

Ndubuisi Ekekwe Invests in SpicyAuto for In-ad Vehicle Marketplace and Genuine Parts

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I have made strategic investment in SpicyAuto.com. SpicyAuto  is a in-advertising online car marketplace which runs on aggregation construct where buyers and sellers come into equilibrium within a supply-demand framework. Simply, you pay a small fee to advertise your car for buyers to purchase. The extremely brilliant team has built a growing company, validating most of their hypotheses. With the arrival of our team, we are going to expand the playbook. Yes, SpicyAuto.com will soon be selling genuine auto parts, bicycle parts, etc from original equipment manufacturers. The new playbook will eliminate  the use of fake equipment parts in your assets, if you shop from SpicyAuto. I want you to visit SpicyAuto.com to buy not just cars, vans, bikes, trucks, etc but genuine parts.

Spicyauto Limited (RC 1522919) is an online car marketplace committed to becoming the most loved and trusted marketplace on the web. We tirelessly pursue these goals by offering a superior experience, creating transparency for everyone, providing rapid delivery and stellar customer service. We offer a trusted, reliable and cost-effective online marketplace for the widest range of quality vehicles in Nigeria. We do not sell cars directly but offer a state-of-the-art advertising medium for users to buy and sell their cars, vans, bikes, trucks and other vehicles. For car dealers, importers and individual sellers we provide a huge reach of serious buyers. We host a dedicated community of people who love cars, while still supporting even the first-time buyers in their purchasing decisions.

SpicyAuto has Buyer Assist program (on beta testing) which does many great things as noted below: “The buyer-assist program is designed for potential buyers who don’t want to go through the stress of shopping around for vehicles. We help you find just the right car as well as provide you with inspection report. We even provide vehicles insurance at affordable rates including helping you with vehicle registration and change of ownership.”

 

The Aggregation Construct