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Business News

British Council, CFA Institute Bring Exams to Nigeria

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The Chartered Financial Institute CFA in association with British Council in Nigeria have begun the delivery of the CFA exams in Nigeria. The exam which is the first in Nigeria was held on 23 June 2018 at the Landmark Event Centre in Lagos with over 800 candidates.

The CFA Institute is one of the leading professional bodies for the global investment management industry and it awards the Chartered Financial Analyst® (CFA) credential which is held by over 150,000 professionals around the world. In Nigeria alone, there are over 2,000 Chartered Financial Analysts who got their certifications from neighboring countries.

Speaking on the feat, Lucy Pearson, Country Director, British Council Nigeria said “Through our exams business, we provide educational, professional and life-changing opportunities through globally recognised qualifications. These will enable people work, study, build career prospects and promote personal development. We make a positive impact on people’s lives and communities, delivering over 103,000 exams in the last year. Our partnership with a global exams partner like the CFA enables us to achieve these huge ambitions. The British Council currently administers CFA exams in about 40 countries globally and in Sub- Saharan Africa there are centres in Ghana, Kenya, Mauritius, Namibia, Zimbabwe and of course now in Nigeria.”

The British Council has long-standing expertise delivering high-quality exams in over 90 countries worldwide with highly trained and experienced personnel who meet British Council and exam board standards, work with qualified examiners and provide carefully selected venues, well-equipped facilities.

From left to right; Paul Smith, CFA Worldwide President, Lucy Pearson (British Council, Country Director Nigeria) Marniee Nottingham (British Council, Country Examinations Manager), Banji Fehintola, CFA Nigeria President.

From left to right; Paul Smith, CFA Worldwide President, Lucy Pearson (British Council, Country Director Nigeria)
Marniee Nottingham (British Council, Country Examinations Manager), Banji Fehintola, CFA Nigeria President, Edemekong Uyoh (British Council, Marketing & Communications)

The British Council also offers reliable and secure invigilation services across all her offices in Lagos, Abuja and Port Harcourt. And administers exams on behalf of professional boards, universities and colleges globally. These services offer students the opportunity to take supervised exams, tests and other assessments from professional institutions in the UK and Europe, Canada, Australia, Africa and the rest of the world. With experienced and trained invigilators across Nigeria, adherence to exam test day policies and integrity is maintained.

About the British Council

The British Council is the UK’s international organisation for cultural relations and educational opportunities. We create friendly knowledge and understanding between the people of the UK and other countries. We do this by making a positive contribution to the UK and the countries we work with – changing lives by creating opportunities, building connections and engendering trust.

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We work with over 100 countries across the world in the fields of arts and culture, English language, education and civil society. Last year we reached over 65 million people directly and 731 million people overall including online, broadcasts and publications. Founded in 1934, we are a UK charity governed by Royal Charter and a UK public body.

 

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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Real Estate and Construction

Osborne, Ikoyi residents move against Lekki Gardens over planning laws violation

The residents accused owners of Lekki Gardens Estate of alleged flagrant and unchecked violation of officially approved building plans.

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Residents of Osborne Foreshore 2 estate, Ikoyi, have moved against a property development firm, Lekki Gardens/Foreshore Waters Limited for allegedly violating the state’s planning laws; in addition to the violation of the estate’s building plan and the existing plan to stop work forthwith.

This is as the residents of the estate have appealed to the Lagos State governor, Babajide Sanwo-Olu, to order that works on all approvals for development in the estate be suspended for 3 months because of the ongoing review of the approval order.

According to a report from Thisday, the appeal is contained in a statement issued by the residents of Osborne Foreshore 2 estate, where they warned that refusal to stop further work might lead to a breakdown of law and order.

What the residents of Osborne Foreshore 2 estate are saying

The residents of the estate in their statement said, “We once again invite your Excellency to visit our estate to see for yourself how the activities of Richard Nyong will one day lead to a breakdown of law and order if this brazen disregard of planning laws of Lagos States is allowed to continue.”

They accused the developer of violating state’s planning laws in its quest to construct multi-storey structures in the expansive residential estate.

They also accused Richard Nyong, Lekki Gardens Estate and Foreshore Waters Limited of alleged flagrant and unchecked violation of officially approved building plans.

The estate management pointed out that other developers have since complied with these guidelines whereas Lekki Gardens had allegedly refused to do the same.

What the Chairperson of Osborne Foreshore Residents Association is saying

The Chairperson of Osborne Foreshore Residents Association, Mrs Chinwe Ezenwa-Mbah, had recently expressed reservations over the impact of the heavy construction by Lekki Gardens and other developers and how it is affecting the houses of other residents in the estate.

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She said, “When we got our plots, we were told that the place was designed as a low population residential area. We did not know that a time would come when this area would become a commercial area.

“When you come into an existing estate and you are doing piling that is breaking your neighbour’s foundations as well as against the approved plan given to you in the name of commercial development, that is not right.”

What you should know

  • It can be recalled that the relationship between Lekki Gardens and the management of Osborne Foreshore 2 Estate broke down after the latter insisted that the property developer must obey building permit laws given to it by both the Lagos State government and the resident association.
  • Several other landlords and Residents of Osborne Foreshore 11, have also complained about the activities of Lekki Gardens and other developers in the area whom they accused of violating the building permit given to them by the government.
  • The Lagos State Commissioner for Physical Planning and Urban Development, Dr Idris Salako had held a meeting with all the stakeholders in a bid to amicably resolve the existing dispute.
  • The residents made an appeal to the Lagos State government for reversal of the wrongful classification of Osborne Foreshore Phase II from its original master plan as a low-density to a high-density residential estate.

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Business

The five-ingredient of a successful startup pitch

Every great pitch has these 5 ingredients to help you maximize your chances when fundraising for your startup.

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Startups typically prepare a pitch deck to present to potential investors for funding. A pitch deck is a brief presentation that provides investors with an overview of your business. It typically focuses on showcasing your product and business model. An excellent pitch is highly essential to the success of a startup seeking funding from investors.

According to Romeen Sheeth, an angel investor who heard 200 companies pitch and invested over $1million last year, every great pitch has these 5 ingredients to help you maximize your chances when fundraising.

  • Problem:  Is this an issue?
  • Solution:  Do you have the fix?
  • Market:   Is this a big enough issue?
  • Business: Can you make money
  • Team:  Do you have the human resources to do it?

The best pitches nail all 5. Good ones hit 4. Subpar hit 3 or less.

Problem

The problem statement is an explanation of why a set of circumstances is painful for a set of users. There’s one word in that sentence that is most important: painful. If your problem is not painful enough, it’s a vitamin. The best startups are pain killers.

Solution

The solution statement is an explanation of how you address the pain felt by your users. If you don’t have the right solution, you won’t get customer traction. Customers don’t buy your thesis on the pain point. They buy the actual thing that solves their pain point.

Market

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In tech, only businesses that have outsized potential get funded. To have outsized potential, you have to either be in a: (a) small, but rapidly growing market or (b) large existing market that can be resegmented. If not, the business is not venture backable.

Business

The business model defines how you print cash. What is the key insight you’ve figured out that other people haven’t? You don’t need to reinvent the wheel on everything to be a compelling business. Just explain the secret sauce that helps you capture the value.

Team

Everything else is academic if you can’t execute. Ultimately the investor is betting on your team’s ability to bring out the reality in the insights around the problem, solution, market, and business. Communicate why you are the best in the world to build the business.

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Once you feel good about these 5, think through the connection points. Every topic that comes up in the conversation will be a function of a connection point. For example:

  • Problem-Market = Industry Dynamics
  • Solution-Market = Competition
  • Market-Business = Unit Economics

Bottom line

When you pitch, always keep it simple. Understand the 5 core ingredients, think through how they relate to one another, communicate with clarity, and don’t assume investors understand your business.

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