Morgan Capital introduces online trading platform

Investors and stockbrokers in the Nigerian capital market now have an opportunity to experience ease in investing in the market following the introduction a new online real-time trading platform called MorganCapital iTrade.

The trading platform empowers investors with direct access to the Nigerian Stock Exchange (NSE) to execute sell and buy mandates online real time anywhere in the world.

Ayoleke Adu, managing director, Morgan Capital Securities Limited, said “The introduction of the Morgan Capital iTrade platform is another way the company ensures that its customers enjoy world-class stockbroking experience.

Sixty-four companies join LCCI

Sixty-four companies will be awarded certificates of membership by the Lagos Chamber of Commerce and Industry (LCCI) at an induction ceremony scheduled for Tuesday, June 24, 2014, at the LCCI Conference and Exhibition Centre, Alausa, Lagos.

Babatunde Ruwase, chairman, membership and welfare committee of the chamber, said companies were increasingly joining the chamber because of the advantages they would derive from membership, adding that on a regular basis, members met with trade delegations from abroad to strike up partnerships or consummate juicy business deals.

NSE delists Daar, Starcomms, JIB, 17 others

The Nigerian Stock Exchange (NSE) has decided to delist 20 companies for non-compliance with listing requirements. While 15 of the companies are being delisted for failure to file their quarterly and annual financial statements, five others  are being delisted for failure to regularise their listing status after being given time to do so. Those being delisted for failure to file  their financial statements include: Investment and Allied Insurance Plc; Goldlink Insurance Plc; Pinnacle Point Group; Adswitch Plc; Afroil Plc, Rokanna Industries Plc; IPWA Plc; West Africa Glass Industry Plc; Nigeria Wire and Cable Plc; Starcomms Plc and Daar Communications Plc.

Oando’s shares gain 52% on ConocoPhillips’ acquisition

The share price of Oando Plc went up by about 52 per cent last week as investors reacted positively to the ministerial consent  the company received for the acquisition of ConocoPhillips (COP) Nigerian assets.
Oando’s share price rose from N20 to close at N30.37 per share.
Oando, through its subsidiary, Oando Energy Resources(OER), had begun the process of acquiring the ConocoPhillips’ assets  for $1.65 billion but the minister’s consent has been delaying the conclusion of the deal.
However, the minister finally gave her consent last Wednesday.

Dangote dismisses fear of job losses on account of cement standardisation

Dangote Cement Plc, at the weekend, dismissed as unfounded the claim that the recent review and grading of cement quality would lead to loos of job, saying on the contrary, it would open opportunities for more jobs.
The clarification came just as the Ibese plant of the company strengthened its relationship with the host communities in Yewaland, Ogun State, when its disbursed scholarship awards worth millions of naira to deserving students from the communities in higher institutions and secondary schools.
The leading cement manufacturers explained that the quality review and the standardisation of cement by the Standards Organisation of Nigeria (SON) would lead to further creation of job as the classification gives room for engagement of more hands.

The 7 Things Successful People Never Say

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You want to be successful. Everyone does. But your actual words might be undermining your chances of success. The things you say in the office, no matter how innocuous they seem to you, might be knocking you down the career ladder and putting the top position you dream about out of reach.
Your career is too important to be tanked by a few negative phrases. Here are the seven things you should strike from your workplace vocabulary if you want to achieve the success you richly deserve:

Here's Everything You Need To Know About Sundar Pichai, The Second Most Important Person At Google

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  Business Insider writes, When Sundar Pichai got a promotion last year to head up Google's Android division, it further cemented his role as a rising star in the company. As senior vice president of Android, Chrome and apps, Pichai is responsible for some of Google's most important products.  Today, many people see him as…
  
  Continue reading Here's Everything You Need To Know About Sundar Pichai, The Second Most Important Person At Google at Business Insider

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Marissa Mayer Reportedly Made Ad Execs Wait For 2 Hours Because She Overslept

Marissa Mayer, chief executive officer of Yahoo! Inc., looks on at the Cannes Lions International Festival Of Creativity in Cannes, France, on June 17, 2014.

Image: Simon Dawson/Bloomberg/Getty Images

By Seth Fiegerman11 hours ago

Marissa Mayer had a tough time at Cannes this year.
The Wall Street Journal reports that the Yahoo CEO was scheduled to meet a group of ad executives for a private dinner during the Cannes Lions festival in France last Tuesday, but showed up "nearly two hours late" because she had fallen asleep. One executive in attendance from IPG is said to have left before Mayer arrived.

Nigeria – Defiling Societal Drawbacks to Record Economic Prosperity

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VENTURES AFRICA – Imagine a company that is void of a perceived competent management team, lacks the necessary capital for realistic expansion – even when bestowed with such luxuries lavishes it on satisfying personal wants of its executive team – and has to contend with a very hostile business environment which discourages growth. However despite these challenges, it still produces a healthy balance sheet yearly, that company will be called Nigeria – at least in the last half-decade.
The newly crowned “Africa’s largest economy” is mastering the art of pursuing financial and economic prosperity amidst a multitude of political and socio-economic challenges; from insecurity to inadequate infrastructure, the country continues to defile common logic, leaving one to ponder just how this is being achieved.

IS THIS THE NEXT WARREN BUFFET

 

A short while ago I was at a wedding in San Francisco when someone came up to me, clasped my hand in both of his, and began thanking me effusively.
He then introduced me to his wife, who also began thanking me.
The reason? Just over two years ago this couple had read an article I had written for Smart Money magazine about a young, unknown college dropout in Salt Lake City called Allan Mecham (The text of that article can be read here).  Mecham ran a tiny investment fund, I reported – and was shooting the lights out. After reading the article, the couple had investigated Mecham further, and had then invested a good chunk of their savings with him.
The result? They’ve doubled their money, or better. In two years. Last year alone Mecham was up 52%. After fees.