MAW Royal Media

Nigeria stock market decreased by 3.2% in June Nigeria’s stock market failed to impress investors in June following a record dip by 3.2percent in the review month.  Negative sentiments that trailed stocks last month pushed its decline this year to a new high of -8.80 percent. The record drop by -1.53 percent on the last trading day of the first-half (H1) has contributed to the unwelcome reign of the bears on the local Bourse. This was fuelled by profit taking activities on large cap stocks like  BUA Cement Plc,  Dangote Cement Plc, Lafarge Africa Plc, Cadbury Nigeria Plc and Julius Berger Nigeria Plc. The Nigerian Stock Exchange (NSE) All Share Index (ASI) decreased to 24,479.22 points on Tuesday June 30 as against preceding trading day high of 24,858.82 points. Listed stocks value decreased to N12.769trillion from day open high of N12.967trillion. Investors booked about N198billion loss on Tuesday June 30. In 4,464 deals, investors exchanged 280,667,420 units valued at N...

FIRS Stamp duty collection hits N66 bn in 6 months The Federal Inland Revenue Service has announced that a total of N66 billion was generated as Stamp duty charges for the period of January to June 2020. Muhammad Nami, Executive Chairman, FIRS disclosed this in Abuja on Tuesday, stating that the significant leap arose from the dynamism introduced by the Finance Act 2019. Speaking at the inauguration of the inter ministerial committee on Audit and recovery of back years stamp duties, Nami noted that stamp duty is essentially a duty chargeable on both physical and electronic instruments. He said “as the world becomes more global, COVID-19 has further limited physical interaction, electronic payment acknowledgement of stamp duties at a time like this is a must.” “The introduction of the FIRS stamp duties adhesive stamp will plug the revenue sink-hole, enable proper accountability and transparency, simplify tax administration of stamp duties and reduce disputes,” he added. He s...

The MAW Quote for today is by Divine Ndhlukula which talks about the importance of employees in an establishment

2020 Access Bank W Initiative Womenpreneur Pitch-a-ton Africa for Women Entrepreneurs Deadline: August 14, 2020. Launched in 2019, the Womenpreneur Pitch-a-ton Africa was the first women-in-business support initiative of its kind in the industry offered by the Access Bank W Initiative. The program in its maiden edition provided financial grants worth N9Million to the top 5 applicants with a free mini MBA certification for 50 women entrepreneurs in Nigeria. This it did in conjunction with the International Finance Corporation (IFC, a member of the World Bank Group). This year, the program is being extended to 6 other African countries where Access Bank’s W initiative has its presence. These countries are Nigeria, Ghana, Rwanda, Zambia, Sierra-Leone, Gambia and Congo hence the tag name “Womenpreneur Pitch-A-Ton Africa ELIGIBILITY Woman who owns and runs her business Business innovative Need a grant to expand your business Need some expert training to ...

MAW Entrepreneur of the Week One of Nigeria’s youngest and most successful entrepreneurs, Olakunle Churchill is the Founder and Chief Executive Officer of CEO of Big Church Group, the parent company of King Andrea Realtors, Big Church Consults, Big Church Entertainment, Big Churchill Haven , Big Church Greens Agriculture and mining and Big Church Foundation Ltd. Olakunle, a UN Goodwill Ambassador is also involved in charity and humanitarian services and his charity organization which is known as the Big Church Foundation has attended to the needs of several people at various levels. He is a philanthropist who is uniquely passionate about others.

"You have to see failure as the beginning and the middle, but never entertain it as an end." -Jessica Herrin, founder and CEO of Stella & Dot

Here are ten lessons from the book THE RICH DAD, POOR DAD by Robert Kiyosaki 1.) Learn to Listen 2.) Pay Yourself First 3.) Buy luxury last, not first 4.) Reduce expenses and liabilities....

VACANCY: Pharmacist at Olive Multi specialist Hospital Location: Lagos ◦ A qualified Pharmacist with experience in a hospital setting. How to Apply Send your CV to recruitment@olivemultispecialist.com using the Job Title as the subject of the mail. VACANCY: Retail Station Manager Port-Harcourt Req: Minimum of a University Degree / HND qualification. Minimum of 5 years of experience. Cognate experience in downstream retail. Honesty, commitment, hardworking and self-motivation. Send CV to recruitment.ph@michaelstevens-consulting.com and copy ms.consulting@live.com using the Job Title as the subject of the mail. https://jobs.accaglobal.com/job/7099396/internal-auditor-/ VACANCY: Graduate Finance Officer at Telnet Nigeria Limited Port Harcourt Req: B.Sc HND in Accounting/ Economics or any related course. Certification: ICAN will be an added advantage. 1- 2 Years of experience. Send their CV to: recruitment@telnetng.com VACANCY: Sales Executives are urgently ...

Mutual Benefits profit rises by 214% Mutual Benefits Assurance Plc said its profit after income tax rose by 214 per cent to N3.61bn for the 2019 financial year from N1.15bn in 2018. According to its audited account, the company’s gross premium written rose by 18 per cent from N15.84bn in 2018 to N18.7bn in 2019. Mutual Benefits said its net premium income stood at N15.29bn, representing a 13 per cent increase from N13.48bn in 2018. The company said its underwriting profit rose by 77 per cent to N5.4bn from N3.1bn in 2018, while net underwriting income increased by 13 per cent to 15.77bn from N13.96bn. Its shareholders’ fund for the year under review stood at N13.43bn, a 50.33 per cent increase from the previous year’s N8.94bn, while total assets grew by 14 per cent from N59.4bn in 2018 to N67.8bn in 2019. Mutual Benefits Assurance and its subsidiary, Mutual Benefits Life Assurance, paid combined claims of N21bn in 2019. It added that the general business paid N3.2bn, wh...