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The Nigerian Army has launched operation “Ayem Akpatuma”, meaning ‘Cat Race’ to tackle the crises between herdsmen and farmers in the country.

This was announced my army’s chief of Training and Operations, Major General David Ahmadu, on Wednesday.

The operation will run from February 15 to March 31 in Benue, as well as Taraba, Kogi, Nasarawa, Kaduna and Niger states.

This operation is coming on the back of several clashes involving farmers and herdsmen in the north-central, resulting in many deaths.

“Exercise Ayem Akpatuma has become more expedient due to the upsurge in cases of armed banditry, kidnapping and cattle rustling in Kaduna and Niger states, as well as other sundry crimes in Kogi State and herdsmen-farmers clashes and attacks on innocent members of our communities, particularly in Benue, Taraba and Nasarawa states by armed militias.

“These security challenges have continued unabatedly in these states despite the efforts by sister security agencies to curb them,” he said.

Ahmadu further urged residents of the states involved not to panic.

“The troops taking part in the exercise would be guided by the Professional Code of Conduct, Rules of Engagement and the respect for human rights. Thus, the general public is requested to remain vigilant and be security conscious, as suspected criminals may be fleeing from military operations in these areas and finding a safe haven amidst our communities.”

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James Hope College Honored At The Fourth Edition Of British Council Recognition And Outstanding Cambridge Learner Awards

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This year, to recognize scholarly excellence, James Hope College received multiple prizes including,

  • Best in the World Category for English as a Second Language – Two awards
  • Best Across Eight Subjects in Nigeria – One award
  • Best in Nigeria Category – Eight awards
  • High Achievement Category – Two awards

These awards acknowledge exceptional Nigerian-based learners’ achievements in Cambridge examinations taken by students around the world. The primary purpose of these awards is to celebrate and recognize the success of high-performing Cambridge learners and the partner schools that have exemplified Equality Diversity and Inclusion (EDI) and Child Protection policies.

Elated at this laudable feat, the Founder/Chairman of James Hope College, Mr. Jim Ovia congratulated the awardees and commended the management of the College. According to Mr. Ovia, the College would continually offer “world-class education that would enable our students to compete favourably on a global scale.”

James Hope College is an educational initiative of the Jim Ovia Foundation. Since its inception, the College has consistently maintained an outstanding academic pace within and beyond Nigeria. Some of its accolades include (but not limited to):

  1. 100% A* – C in all 13 subjects registered for the 2019 November IGCSE Examinations
  2. The 2019 Cambridge Summer School Scholarship awarded to a James Hope College student
  3. British Council Awards for Best In Nigeria in Biology, Chemistry and Geography for the 2018 November IGCSE Examinations
  4. British Council Award for High Achievement in Nigeria in Design and Technology for the 2018 November IGCSE Examinations
  5. 100% perfect score in the 2018 Cambridge Checkpoint Examination
  6. Best 2016/2017 BECE result in Delta State
  7. Overall Best Student for the 2016/2017 BECE in Delta State

The Outstanding Cambridge Learner Awards recognizes the exceptional performance of learners around the world in Cambridge examinations. The awards reflect the talent and hard work of learners and acknowledge the dedication and commitment of both teachers and parents.

Indeed, James Hope College is making its mark in the academic landscape within and outside Nigeria.

See photo excerpt below:

 

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Adeboye, AJ Boxer, Ajanaku, Tonto Dikeh Others Hailed As ‘COVID-19 Celebrity Champions’ In July Issue of Apple’s Bite International Magazine

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The midsummer issue of Apple’s Bite International Magazine identifies certain distinguished Nigerians across multiple sectors, who have lent various support in the fight against the ravaging COVID-19 pandemic.
These individuals are Pastor E. A. Adeboye, David Adeleke (Davido), Asiwaju Rotimi Ajanaku, Tonto Dikeh, Archbishop Designate Isaac Idahosa, Anthony Joshua.
Others are Atunyota Alleluya Akpobome (Ali Baba), Bankole Wellington, Otunba Femi Davies, Prophet Emmanuel Omale, and Williams Uchemba.
These individuals are hailed as Covid-19 Celebrity Champions on the merit of their various contributions from donating health facilities to the government as isolation centers, making monetary donations to support the fight, championing awareness campaigns, sponsoring researches to find a cure for the virus and supporting thousands of indigent Nigerians who have suffered economic hardship as a result of the lockdown.
Get a copy of the July Issue of Apple’s Bite International Magazine to scoop all the details and visit www.applesbite.com for commentaries and news.
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Zimvest Economy Conversations: Financial Experts Call for Reorganization of Nigeria’s Market Architecture

Peter Okunoren

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Stakeholders in the Nigerian Capital market, Asset Management, and Banking Industries have called for a rethink of the nation’s economic philosophy and a reset of the financial market architecture. This was part of the major takeaways from the “Zimvest Economy Conversations”, a thought-leadership series of Digital Private Wealth and Investment Management Firm, Zimvest (Zedcrest Investment Managers) held on Saturday, June 20, 2020.

Giving the opening remark during the virtual event, Business Head of Zimvest, Gbenga Adigun, noted that investors are gravely concerned with investment returns in light of the current low yield environment while financial institutions are thinking of how their product development and service delivery should evolve with the changing needs of investors.

Bola Onadele Koko, CEO of FMDQ Group while delivering the keynote speech on the event theme “The Economic Landscape and Investor Preferences in Post-pandemic Africa”, talked about the toll the growing pandemic has had on African markets. He laid emphasis on the slow down in key segments of the economy including the financial markets, tourism, remittances, and foreign direct investments. He called for a rethink of Nigeria’s economic philosophy with clarity from the fiscal policymakers which will be critical for gaining investors’ confidence.

According to him, “Now is the time to develop new and ingenious ways to develop and drive the Nigerian financial market and in the continent at large. Private capital will especially be more essential as recent shocks have shown the limits of Governments’ abilities particularly in developing countries”, he said.

The capital market leader also stated that FX reforms will be critical for the Nigerian economy at this point; noting that trading activity in the Nigerian Fixed-Income and Interbank Currencies market is down by 55% due to economic slowdown linked to the Covid-19 pandemic.

All panelists in this first episode of the thought-leadership series pointed out that most investors were affected by the pandemic and are looking for further ways to diversify their portfolios that may end the year on a negative real return.

Speaking during the panel session, Abiola Adekoya, Wealth Expert and Ex-CEO at RMB Securities, stated that one of the key things that investors are concerned about in this era is the need for diversification, more liquidity, and higher investment returns.

In her words: “A lot of investors have been focused on one product and this pandemic has shown that that is not enough. The nascent interest in alternative assets has shown that there is strong liquidity in the overlooked retail space and Investment managers should pay keen attention and develop alternative assets products, and reduce the reliance on the traditional Fixed income, Money markets, and Equity offerings.

Buttressing Abiola’s position on alternative assets, Esiri Agbeyi, Partner and Head Private Wealth Services, PwC Nigeria, emphasized the need for investors to take keen interest in private equity and other alternative assets investments. She shared a PWC survey on Family Offices. The survey revealed that 63% of family businesses leaned towards private equity as an investment portfolio. Local pools of private capital are important to drive economic development

Onome Komolafe, Divisional Head of Central Securities Clearing System (CSCS), stated the need for improved product development and differentiation, clear market segmentation, and smart communication as tools that financial services firms can deploy in evolving with the changing consumer behavior. She also pointed to premium service delivery and technological innovation as crucial to the democratization of investment opportunities in Africa.

The Group Executive, Treasury & Financial Institutions at First Bank, Ini Ebong, pointed out the present opportunity available for investors, regulators, institutions, market practitioners to reset Nigerian financial market architecture. He noted that this opportunity presents itself mostly around periods of crisis.

According to him, as markets develop, the investing public becomes more able to embrace risk and go for higher return instruments outside traditional bank-based deposits.

“If you want high returns on investment, you must be willing to take on more risky investment products”, said Adetoun Dosunmu, Treasurer at FBN Merchant Bank. “Giving the highly specialized nature of investing, working with a regulated fund manager will be most beneficial to the investor in the long run and would protect against fraud and sharp practices from the teeming number of platforms offering untested investment opportunities”.

During his closing remark, the Founder of the Zedcrest Group and the Chief Host of the event, Saheed Adedayo Amzat, CFA, called on the Nigerian capital market stakeholders to unite to further capital formation in the country. He sounded a note of warning to Nigerians on suspicious wealth generation platforms.

“Many unsuspecting investors over the last three decades have lost their funds to unregulated institutions that promised unbelievable returns. All stakeholders in the sector need to speak up and inform the unsuspecting public about investment platforms. Our regulators need to do more with the support of all players in the Investment management space”, he opined.

The much-anticipated event lived up to its billings as over 1,150 participants engaged the speakers on investment challenges and opportunities they can tap into post-COVID.

Zimvest, the newly launched Investment Management subsidiary of Zedcrest, plans to be at the nexus of a continuing conversation series around Investment management and economic policy landscapes. The second edition of the series is to be announced soon.

A poll conducted during the event also shows that over 60% of participants prioritized “Capital Preservation” when choosing an investment option. Over 72% were concerned about inflation and exchange rate fluctuations and over 81% were concerned about Proven Track Record, Regulatory Compliance, and Transparency when choosing an investment management partner. The session ended at exactly 1 pm on the day.

For more information, please email [email protected]

A replay of this session can be watched via:

https://zoom.us/rec/play/upcscbr–z83GtOSuQSDBqcvW9W0e6KsgCVI__dYy0yyWiNQNlShYbAaMLScQgqeV7fIjyl2RsrXPBOZ

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