The Business ANGLE

25/01/2026

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29/01/2022

[29/01, 15:35] Alex Ekeagwu: WISE COUNSEL FOR CONSIDERATION:

First and foremost, be in a good relationship with yourself; that done ,you will be in a better position to enjoy a better relationship with others.

Secondly, try as much as possible, to be yourself, in everything, and at all times, because, you will be in a better position, to be yourself, than someone else.
[29/01, 15:43] Alex Ekeagwu: If you want to establish a business, first of all, think of what you are best at, better than any other, most probably. Focus on it, and don't be distracted by anyone or anything, and never give up, no matter what. In the end you will succeed....Anonymous

09/01/2022

Borrowing to shore up your ailing business, as a result of the deleterious effect of Covid 19, does not seem to be, an advisable prospect, at this time. Rather restructuring of some kind, seems to make more sense.
Some businesses, as a survival strategy, and for the well being of their workers, now encourage working from home. Some others, now send products and services, direct to customers, wherever desired; delivery and logistics charges, inclusive. Still others, have opened more communication channels on Social media, and other online access, to serve customers more efficiently and effectively. Why not consider making some changes along those lines, to, not only survive, but to shore up your business? You will thank me later, if you do! Cheers, till next time.

05/12/2021

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EXPLAINER: How to buy MTN shares for N3,380 in 10 easy steps on your phone
EXPLAINER: How to buy MTN shares for N3,380 in 10 easy steps on your phone
AUTHOR:
Mayowa Tijani
DECEMBER 3, 2021 3:52 PM
In May 2019, MTN Nigeria (MTNN) was listed on the Nigeria Stock Exchange (NSE), immediately adding over N1.8 trillion to the market cap of the exchange. This marked one of the biggest leaps forward for the stock market in Nigeria.

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A year on, Bloomberg named Nigeria the best performing stock exchange in the world, posting a 50 percent gain at the end of 2020. The Lagos bourse closed with the highest points since December 2007, beating 92 other stock exchanges around the world.

At the time MTN Nigeria was listed, many Nigerians sought to invest in the telecommunications giant, but were limited by how tightly held the shares were, and the rigorous process involved in getting a hold of valuable stock on the NSE.

That story is changing.

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Despite being the second most valuable company in Nigeria, only behind Dangote Cement, MTN Nigeria is offering 14 percent of its tightly-held shares to the Nigerian public.

Of the entire MTN Nigeria share, approximately 79 percent is held by MTN Group. However, the group is currently letting go of 14 percent of its holding to as many Nigerians who are interested — making it the biggest member of the bourse to make such an offer.

The best part of the deal is that any Nigerian with a bank verification number (BVN) can buy MTN shares, and for as low as N3,380 on a mobile phone.

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HOW TO BUY MTN SHARES FOR AS LOW AS N3,380

Many Nigerians are interested in buying a piece of MTN, but are not interested in the rigour and the hurdles of natively buying the shares of a company listed on the Nigerian exchange.

After analysing the process firsthand, TheCable can report that the steps are a lot easier and a lot cheaper to go through as against the traditional ways of buying shares in Nigeria. We have since broken it down into 10 easy steps as seen in the infographic above and explained below.

Start with an app: For this process, you would need a smartphone. Go to your phone’s app store.

Download App: Download the Primary Offer app from the Google Play store or the Apple iOS store to your mobile device. The app is made by Chapel Hill Denham, watch out for that. With a good mobile network, the download and installation should take less than three minutes.

Set up an account: Create an account using your bank verification number and date of birth. Here, you’d also need to set up your password, which should be kept as privately as possible. Once this is done, the app, would already have some of your details, showing that it is somewhat connected to the banking system.

Validate your account: After setting up your account, you will be asked to enter your security code. That code is in an email you already received. It is a one-time password (OTP), which you will type into the app to validate your account.

Login and begin: Once your account is all set up, you’d get a congratulatory message on your screen. The message would also have a blue button, asking you to login to the app. Enter your email and recently created password to get into the dashboard. Once you’re in, click on MTN Nigeria offer.

Terms and Purchase: Once you click on MTN Nigeria offer, you’d see the terms and condition page, read and accept by ticking the unchecked column near the purchase button. Once you do that, click on purchase.

Choose a number of shares: Your latest screen should now be showing “Enter your transaction details”. In the column for specified units, enter the number of units you want to buy. The minimum number of shares you can buy is 20.

According to MTN, “the minimum application is 20 shares and multiples of 20 shares thereafter, so 20, 40, 60, 80, 100, 120…etc. There is no maximum, however, the amount of shares allotted will be within the offer size of up to 575,000,000 ordinary shares.”

One share cost N169. So for the minimum number of shares, you would need N3,380.

Pay now: After choosing the number of shares, and checking the terms and condition box, you click on “pay now”. The app asks if you have a CSCS account. A Central Securities Clearing System (CSCS) account is a financial infrastructure for clearing, storing, and settlement of securities transactions. It is where all your shares are domiciled.

If you have a CSCS account, click on yes, if not, click on no. The option you choose will determine the next line of action. For both answers, the process is simple. The app helps set up your CSCS account and allows you to process payment for the shares.

If you already have a CSCS account, enter the account number and your clearinghouse number (CHN). After this, you update your bank details, where your dividends will likely be paid then you click on “pay now”.

Pay with card or USSD or transfer: When you get to this page, you have many payment options, choose which one works for you — bank transfer or card payment or just USSD — and pay for the shares. Please note that bank charges will be added, bringing your N3,380 to N3,418.

Share allotment: Once payment is made, you would get a mail, stating the details of your payment and confirming receipt of the payments. Following approval by SEC, your shares would be allotted in less than 15 days. Going with these steps, you easily become an MTN shareholder.

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24/12/2019

Merry Christmas to you all our friends on Business Angle. Next year is gonna be a better year for you wonderful readers and visitors to BA page. Cheers!

28/04/2019

THE MTN SERVICE PROVIDER

Baring any last minute hitches, this service provider will soon be listed/quoted on the Nigerian Stock Exchange, and I recommend it strongly, to all my readers.

There is no doubt that the stocks will be sold out or oversubscribed, even on the first day of the public offering.

So please, watch out so as not be left out. It's surely gonna be a cool and profitable investment. Will keep you posted as events unfold. Cheers!

11/07/2017

Don't ever invest in a business you know nothing about. Otherwise, you will end up losing your capital and reaping only regrets. A word is enough for the wise.

09/01/2017

THAT N4.3 BILLION BUDGET FOR THE RESUSCITATION OF AJAOKUTA STEEL INDUSTRY IN NIGERIA A COLOSSAL WASTE OF RESOURCES

It is no longer news that the Federal Government budgeted the above sum of money in the 2017 annual budget for the resuscitation of the AJAOKUTA Steel Industry. Ordinarily, there is nothing wrong with the idea, given the realisation that, Nigeria needs products from the industry to lunch aspects if it's belated industrial revolution. The Industry at inception in the 1970's did not have the good fortune to operate properly and live up to expectation, owing to reported managerial incompetence, corruption and lack of executive will to run the establishment efficiently.

Nonetheless, it is important to note at this juncture that, this is not the first time government is trying to resuscitate the ailing steel industry. It tried on its own to do it, setting aside huge financial outlay but all to no avail, and also, invited some private sector interest without success. Unfortunately, the industry never took off in the real sense of the word, and all that money got wasted on frivolity.

According to experts, that industry can never take off, as it is now. It is said to be devilled by a lot of challenges, ranging from obsolete machines, outdated foundry/furnace and other intangible aspects. The industry was supposed to produce among other things, steel bars, iron rods, wires and nails, which will serve as raw materials for the construction sector.

Indeed, apart from the obsolete machines, the technology or the extrusion process for the production of the iron and steel products is said to be outdated. And indications are that the latest technology in the iron and steel sector employed in the developed countries, is not only simple, cheap, cost effective but more efficient, than the one available at Ajaokuta.

So what it means in effect is that, the replaceable machine parts for the AJAOKUTA Steel Industry machines may not be readily available for purchase. Even if available, the cost might be exorbitant leading to a high cost of production and a poor return on investment. Another implication is that special orders have to be placed overseas for the production of the machine parts, thereby attracting huge foreign exchange disposal, which in turn will deplete our scarce resources.

Therefore, the best thing for the federal government to do now, in the light of the above realities, is to forget about the AJAOKUTA Steel Industry as it is presently constituted, and workout the modalities to establish a new, functional, manageable, cost effective iron and steel plant, based on the latest technology. If possible the obsolete machines should be decommissioned while new ones installed in their place.

Furthermore, workers of the old AJAOKUTA Steel mill should be sent overseas for refresher courses to master the new technology and so, be in a position to operate the new equipment effectively and efficiently. Lastly, government should jettison the idea of running the steel industry by itself, because it will never work. No where in the world does that happen. When built, it should be handed over to the private sector to ensure cost effectiveness, efficiency and profit.

What do you think about this? You are free to air your own views. Thank you.

23/08/2016

BACK TO LAND (AGRIC) PROGRAM IN IMO STATE, NIGERIA..AND THE 3 DAY WORKING WEEK.

Apparently, in an effort to boost food production and give hunger and starvation a back seat, the government of IMO State has decided to involve the civil servants in the state in massive farming. To this end, civil servants are expected to report to work for 3 days of the week from Monday to Wednesday, while the rest namely, thursday and friday are to be spent in the farm. The only civil servants exempted from this exercise include, all those on essential duties ranging from Legislators, Medical Doctors, nurses to those involved in collection of taxes (Internally generated revenue). Furthermore, civil servants are expected to report to work as early as 7.30am and leave at 4.pm from Monday to wednesday. Any civil servant that contravenes this injunction may be summarily dismissed, according to the report.

Since this declaration, a lot of opinions and views have been expressed on the matter, some in support and others in condemnation. Those in support believe that the government meant well, given the drastic reduction in the revenue from the Federation account, as a result of the drop in oil price in the international market. Again, the federal government has formally requested the state governments and indeed, all Nigerians to go back to farming in order to broaden the revenue base of the Nigerian economy.

On the other hand, those against the program, especially the civil servants, have expressed their dissatisfaction with both the conception and implementation of the exercise. They feel that the government may be insincere, in the sense that, this measure could be an indirect way of trying to deduct or cut down their take home pay; that is, considering the realization that the government had been owing a backlog of salaries. Also, they think the worst of the whole exercise, given the body language of the present government and it's antecedents in matters relating to civil servants and labour issues. This position was supported by the Nigeria labour Congress which accused the Imo State government of contravening the Nigerian Labour Laws by that decision to cut the number of days for work.

Nonetheless, experts believe that the government could have done better than this. For instance, many civil servants do not own farmlands, and even those who do, lack the necessary knowhow, resources to work on the farms in terms of hiring labour, acquiring high yield seeds and seedlings, farm implements etc. What this means is that many of the workers will simply stay home or better still while away that free time (thursday and friday). Imagine the man hours wasted which would have been profitably spent in the office.

What they are saying in earnest, is that government should have acquired farmlands, cleared them, and shared among workers for a more meaningful exercise, as well as for easy management and control. Also, government is expected to provide extension services from experts, soft loans to enable them hire labour, purchase farm implements and seedlings and fertiliser for increased yield. In this way, government will not only keep track of civil servants commitment, but also, the farm yields after harvest. Anything short of this, will amount to a walk in the park. Thank you for your time.