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KloverHarris Seamless Solutions Have Made Us a Very Trusted Business Partner – Bukola Ariyibi, Managing Partner.



Ms. Bukola Ariyibi, Managing Partner, KloverHarris Limited  

KloverHarris Limited, Nigeria’s leading indigenous human capital consultancy company, with cutting-edge solutions for businesses in diverse sectors of the economy has been offering services adapted to its clients’ peculiarities, resulting in consistent measurable outcomes geared towards achieving the strategic objectives of their organisations.

This has made the foremost company with specialisation in the area of Learning and Development, Human Resource Outsourcing, Business Consulting, and Information Technology, a trusted business partner and a one-stop shop providing innovative business solutions for optimum productivity.

The company’s excellent performances which have received accolades from clients are through consultants that have deep industry expertise and a cross-sector breadth of knowledge, with a touch of professionalism and quality standards.

Its Managing Partner, Ms. Bukola Ariyibi, affirmed that the go-to company in human resource outsourcing delivers exceptionally to existing clients in Nigeria, Ghana, Sierra Leone, Cameroon and the rest of Africa, with the desired business impact, thereby offering opportunities for competitive advantage.

She stated that KoverHarris human resource outsourcing solutions enable maximum benefits to clients such as quick turnaround, efficiency, functional organisational development, business growth, and increased revenue generation.

According to her, the company’s quality services stand out as it constantly looks for that ‘extra’ it can add to address client’s needs to enable their businesses to thrive.

We have the versatility that gives clients the comfort to know it has what it takes to not only solve their problems but to do so creatively. “The average customer yearns for more than just the regular service they get from service providers. Key to success for us is understanding customers’ touch points and tailoring our solutions to deliver value as they make their way throughout their journeys with us,” the KloverHarris boss said.

With its leading-edge human resource services, the company is currently researching other African markets to garner insights into providing bespoke solutions to businesses in line with global best practices.

In other scopes of operations, like in its accounting and tax advisory service, it turns the burden around for clients with the use of modern technology, into a strategic enabler for their businesses.

It is conversant with how Artificial Intelligence is being optimised in imparting knowledge in e-learning and development and well positioned to meet client’s demands in that regard, and in its proficiency, can spot the talent of the best fit in the area of recruitment services.

“The average customer yearns for more than just the regular service they get from service providers. Key to our success is understanding customers’ touch points and tailoring our solutions to deliver value as they make their way through their journeys with us.

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Experts Call On Dangote To Bring Down Price Of His Cement As Marketers Play Fast Ones On Builders




Aliko Dangote

Ever since the bombshell dropped by BUA Group Chairman, Abdul Samad Rabiu that he was bringing down the price of cement there has been clamour for the reduction of Dangote Cement price. This is because he controls the larger share of the market and if BUA can bring the price down, there is no reason why other major stakeholders cannot do same.

Rather than take a cue, react to what BUA has done, Dangote has unfortunately kept quiet with a view to maximizing on the price disparity.

Unconfirmed reports claim that cement dealers as well as distributors have been rebagging BUA Cement and selling it as Dangote Cement thereby making the BUA brand unavailable. This according to our findings is to ensure that they make more profit from the current situation.

Investigations also revealed that some of the marketers have been claiming that they have not had supplies from BUA cement and so they cannot sell at the new rates.

Our findings however negate this. What we see in all these are attempts by marketers to make unnecessary gains at the expense of the common man.

Nigerians from all walks of life have been calling upon Dangote to adjust his own price to reflect the new reality. His refusal is giving the marketers and distributors the leeway to rebag and sell BUA products as if they are his own at exorbitant price to Nigerians and he’s making huge profit at the expense of Nigerians.

Only yesterday, Real Estate Developers Association of Nigeria, REDAN joined many stakeholders to urge Dangote to bring down the price of his own product so as to reduce the burden on Nigerians.

While commending Abdul Samad Rabiu for bringing down the price of cement to 3,500 naira, REDAN President, Dr Aliyu Wamakko who is also the Chairman/Chief Executive Officer of Jedo investment challenged Aliko Dangote and others in the cement business to emulate BUA.

“We in REDAN commend Abdul Samad Rabiu for his integrity, his tenacity and for being a fairly business person, and for that reason we call on other gladiators in the built industry that produce’s building materials to follow suit, somebody like Dangote and the rest of the people producing cement and other building materials in the country .

Many more groups are clamouring for same.

Building experts believe that if DANGOTE does not act on this, it simply means he doesn’t have the interest of Nigerians at heart and the industry will be plagued with crisis soon. A situation where two major players are selling virtually the same products at such different prices will ultimately play into the hands of unscrupulous distributors who will try to maximize by selling the cheaper ones at a costly price to make more profit, they added.

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Interswitch One Africa Music Fest 2023: Harmonizing Generations and Rhythms




For weeks, the world held its breath as it anticipated the biggest music fest in Africa, the Interswitch One Africa Music Fest, powered by Quickteller, the leading consumer digital payments platform.

The show has, over the years remained a hallmark of the harmonization of African sounds and rhythms, bringing together voices from the various parts of the African continent to thrill attendees. To demonstrate the fest’s global appeal, not only were electrifying performances delivered by African acts, but globally renowned artistes were also on ground to light up the stage.

Unveiling a resounding testament to the universal appeal of African music, the One Africa Music Fest stands tall as an amplified platform, projecting empowering melodies from the heart of the continent onto the worldwide stage, captivating hearts, and uniting cultures.
Attendees of the fest bobbed their heads, bounced on their feet, and sang along as their favorite acts took center stage, delivering memorable experiences. The theme “GenZ vs OGS” took center stage, weaving a captivating narrative that transcended generations.

This year’s edition of the music fest brought together a captivating fusion of talents spanning across different eras. On one hand, attendees were treated to the iconic sounds of the early 2000s, affectionately known as the OGs, who took them down memory lane with their timeless hits. On the other hand, the stage sizzled with the fresh energy of GenZ artistes, infusing the event with their modern flair and trendsetting vibes.

This fusion was a testament to the timelessness of music, nurturing unity across generations and its ability to shape the cultural landscape of Africa and beyond.
The Interswitch One Africa Music Fest has once again woven the melodies of Africa into a harmonious masterpiece, powered by the Quickteller platform. As the music fades and the echoes of applause settle, the impact of this fest reverberates far beyond the event itself.

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Africa’s Richest Man Allegedly Got a Fistful Of Dollars In Nigerian Currency Squeeze




Aliko Dangote

As Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko Dangote, Africa’s richest man.

When the government restricted the supply of dollars in June 2015 to prop up the value of the Nigerian naira, firms owned by Dangote landed a healthy share of dollars available at the cheap official rate, a study by Reuters shows.

Reuters examined foreign currency transactions made during an 11-week period in March to May this year. Over that time, Dangote businesses were able to buy at least $161 million in hard currency from the central bank. That was around nine percent of all the hard currency the bank sold over the period. In a single week in March, one dollar in every eight went to Dangote companies. There is not enough data to see how that stacks up with the companies’ share of foreign trade.

Compared with buying dollars on the more expensive unofficial market, though, Dangote companies benefited to the tune of about $100 million.

The wrangling for dollars highlights Dangote’s pivotal role as Africa’s biggest economy tries to diversify away from oil.

Over the past year, Nigeria pegged its currency, the naira, to the U.S. dollar at an official rate of 197-199 naira. The central bank doled out dollars at the official rate to companies it deemed strategic to the Nigerian economy. Until June 20, when the bank abandoned the peg, anyone else had to pay a lot more on the black market.

Small businesses complained that the foreign exchange restrictions were forcing them out of business. Frank Jacobs, president of the Manufacturers’ Association of Nigeria, said that the majority of manufacturers – 2,000 of them – had been unable to source raw materials because they could not obtain dollars to pay for imports. Up to 100 firms either shut completely or cut production, he said. “The large companies have better clout.”

Dangote’s purchases were entirely legal, and some economists say the 59-year-old deserved such special treatment because he has promised to build a much-needed oil refinery. He also has a track record helping Nigeria become more self-sufficient in cement and food.

Dangote Group, the parent firm, declined to comment. Dangote Cement said it had received enough dollars. “We believe that we are being treated fairly and we do not receive preferential treatment,” Chief Financial Officer Brian Egan said by email.

The central bank did not respond to written requests for comment.

Reuters’ calculations are based on foreign exchange purchase data which the Nigerian government required banks to publish. Reuters examined every transaction that Dangote’s companies made between March 1 and May 13. One newspaper, This Day, calculated a weekly total of all the published official transactions. Reuters used this total to analyze Dangote’s share.

In the period Reuters analyzed, the average black market rate was around 320, according to AbokiFX, a Lagos financial company. The difference against the official rate equated to about 20 billion naira ($101 million).

Charles Robertson, global chief economist at Renaissance Capital in London, said Dangote got more hard currency than other firms because his plan to build a refinery will help the government end fuel imports, which cost Nigeria some $6 billion annually.

“A lot of drain on the foreign exchange is from the need to buy imported fuel,” he said. “Getting the refinery going will require a lot of investment and imported goods.

“He’s got a track record here. He did it with flour. He did it with cement and now the idea is he does it with the oil refinery … He is trusted. You no longer need to rely on foreigners, Nigerians can do it themselves.”


The collapse in the oil price has hit Nigeria’s revenues hard, pushing it into its worst economic crisis for decades. Crude oil and gas revenues bring in 90 percent of its foreign currency earnings and fund 70 percent of the state budget. At the same time as collecting lower revenues from crude oil sales, Nigeria has also had to spend billions importing refined products because it lacks refining capacity.

Africa’s biggest economy contracted for the first time in at least 12 years in the first quarter of this year, and state governments are struggling to pay public servants. After the central bank abandoned the currency peg, the naira tumbled 30 percent against the dollar in a single day.

President Muhammadu Buhari, a former military ruler who was elected to office in March last year, has made it a priority to fund investments which can help make the country more self-sufficient in everything from food to energy. Buhari often uses the slogan, “We must produce what we eat.” Last month, he said the central bank would give firms which helped to diversify the economy “incentives,” without saying what that meant. Buhari’s office declined to comment for this story.

Buhari backed central bank plans to adopt a more flexible foreign exchange policy. But he long resisted devaluing the official naira rate. In a speech last month, he said, “we cannot get away from the fact that a strong currency is predicated on a strong economy.”

Atedo Peterside, chairman of Lagos-based Stanbic Bank, told a conference in February that the peg had guaranteed “huge windfall incomes” to those lucky enough to get dollars allocated at the official rate. Some speculators would buy dollars at the official rate and sell them for a quick profit on the parallel market.

“Most investors here are currently caught in a frenzied pursuit of the cheapest available dollars,” he said. “The difference between losing this game and winning it can be as high as a mind-boggling 50 per cent.”

In January, Central Bank Governor Godwin Emefiele said the bank would assist the Dangote Group to access foreign exchange to facilitate its refinery project, which will be the country’s first private oil refinery and is due by 2018. Emefiele also said the bank would help companies that boost local food production.

Muda Yusuf, a spokesman for the Lagos Chamber of Commerce, said the central bank’s allocation of hard currency gave businesses only 20 percent of what they needed to operate. Even state oil firm NNPC had to ask big international oil firms for loans worth $200 million to fund fuel imports, according its Managing Director, Emmanuel Ibe Kachikwu.

In a February interview Dangote’s brother Sani Dangote, Group Vice President, said the firm was not getting 100 percent of its foreign exchange needs. “We’re getting some amount to make sure the industries keep going,” he said, adding that the firm’s sugar refinery was running at 60 percent capacity.

But Dangote, whose businesses refine sugar and produce cement and mill flour, continued to expand. He pushed ahead with plans to build the $12 billion oil refinery, a gas pipeline across West Africa, a tomato plant and farms in Nigeria to produce one million tonnes of rice.

Reuters’ analysis shows that about 80 percent of Dangote’s dollar purchases during the 11-week period were for the import of equipment and raw materials for his agricultural, sugar, cement and food companies.


Technically, commercial banks decided how to allocate dollars. But executives at import firms say the central bank played a big part.

Competition among industrial bosses for the central bank’s attention was on display in April at the funeral of Governor Emefiele’s mother. Dozens of business leaders attended the service, including Dangote and the CEOs of most big banks. Business leaders, dressed in traditional robes, left their bodyguards behind as they crammed into the small town of Agbor deep in the Niger Delta.

Since founding his business in the 1970s, Dangote has been close to a series of presidents, both military and elected. He was an economic adviser to Buhari’s predecessor Go odluck Jonathan, who ruled from 2010 to 2015.

Although Dangote built his business under Jonathan’s People’s Democratic Party, he also had links with the opposition. On election night in 2015, when Buhari ousted Jonathan, a smiling Dangote was pictured next to Buhari at a house in Abuja as results came in.

Moses Ochonu, a Nigerian-born African history professor at Vanderbilt University in the United States, has criticized Dangote for having outsized power in the Nigerian economy. But he says Dangote also creates jobs. “People are willing to give him the benefit,” he said. “He’s contributing a lot to the economy.”

Story Culled From (Reuters)

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