Connect with us

Business

Flexus Reveals More Investment Opportunities …As Value Of Saved Cash Depreciates

Published

10 years ago

on

The Managing Director
(MD) of Flexus Global Solution Investment Limited, Mr Kounougna Henri, has revealed more investment opportunities aimed at preventing individual economic crisis.
Henri, who was speaking during an Investment and business Conference in Port Harcourt on Friday, said that savings result to the depreciation of the value of money.
He reiterated that “money saved over time depreciates while money invested over time appreciates in it’s value,” adding that saving account yield little or no interest compared to the amount of money generated through business by the banks using their customers’ money.
He revealed that the company has introduced “Flexus  Mutual Assistance Scheme (FMAS) and Promo on the normal investments that would take their investors to another level.
According to the company’s executive, FMAS is modernizing the traditional contribution in which a group of people come together and make a fixed payment of a certain amount, daily, weekly or monthly to a common fund, which will be distributed by turns to the participants.
“As a fund administrator, Flexus will receive payment from all participants and pay directly into the beneficiary account.
He noted that the scheme has N20,000, N50,000. N100,000, N250,000, N500,000 and N1,000,000 categories, adding that Flexus as the administrator would ensure the monies are paid as at when due.
The MD also said that the company has planned a promo for the conventional investment adding that investors are expected to win quality prices.
He also noted that Flexus would fully have a brand name for her transport line in  March and called for investors to identify with flexu to enable her empower more entrepreneurs.
“Saving account makes your money not to be currency which is expected to flow and not being stagnant.”
Also speaking, the Administration Manager of Flexus, Mr. Daniel Owhotemu said that the company has been known for her intergrity and consistency in business and financial empowerment.
An investor, Mr. Michael Alandu commended the company for her sincerity and the attitude of paying on time, adding “the interest comes in block, not piecemeal.
“I am a proud investor with Flexus company and the promise is 100 per cent sure.”
In his testimony, Mr. Chiweke Egbuedo who is into transportation business, said Flexus was the company that God used to grow his falling business through their empowerment scheme.

 

Lilian Peters

Print Friendly, PDF & Email
Related Topics:
Continue Reading

Business

Association Woos Govt, Coys On  Boat Operators  Employments

Published

2 weeks ago

on

June 12, 2026

By

The leadership of Bonny Maritime Boat Association has called on Rivers state Government and oil companies operating in the state to provide sustainable employment to unemployed boat Operators.
The Association also want the government, companies and other relevant employers of labour to provide trainings for boat Operators to enhance their skills
Safety Officer of the Association, Comrade Kingdom Kingsley made this known in  a  telephone interview with  The Tide.
He noted that most of the boat Operators and owners plying Bonny route lacks jobs due to the fleets of boats introduced by Bonny Road Transport that had taken over the passengers to the Island
He noted that passengers are no longer patronizing boats owned by the Association, thereby rendering the operators redundant
“Most of our operators can not afford to feed their families due to no jobs, we don’t want to indulge in crime, government should fix our members with  sustainable jobs to take care of their immediate needs”
He called on oil companies operating in the state to engage their skilled boat Operators in their companies to reduce the sufferings faced by the Association.
The Safety Officer called on the state government  to made funds available to unemployed youths in the state to start up business than roam the streets.
He noted that provision of funds to youths would reduce crime rates and reposition their mindsets for a better life
“The  youths of Rivers state are suffering, have no job to feed their families, thereby indulging in criminality daily”
“The youths need empowerment,  jobs,  recreational facilities and better things of life as citizens of this Nation”, Kingsley said.
CHINEDU WOSU
Print Friendly, PDF & Email
Continue Reading

Business

FG Approves $1 Bn AFCFTA Credit Facility For Nigerian Exporters

Published

2 weeks ago

on

June 12, 2026

By

The Federal Government has approved a whooping $1bn credit facility to support Nigerian exporters and small scale businesses to take advantage of the African Continental Free Trade Area (AfCFTA) in order to boost production, competitiveness and intra-African trade.
The $1bn AfCFTA Adjustment Fund Credit Facility is also expected to address some of the financing gap being faced by Nigerian exporters and enhance the competitiveness of African businesses within the continental market.
The Minister of Industry, Trade and Investment, Jumoke Oduwole, disclosed this  during the second quarter 2026 meeting of the AfCFTA Central Coordination Committee held in Abuja.
According to a statement issued by the ministry’s Head of Press and Public Relations, Obilor-Duru Okechi, Oduwole said the financing facility represented a major opportunity for Nigerian businesses seeking to expand operations, modernise production processes and increase exports to African markets.
The statement partly read, “?The Federal Government has reaffirmed its commitment to accelerating Nigeria’s export-led growth agenda under the African Continental Free Trade Area, unveiling opportunities for businesses to access a US$1 billion AfCFTA Adjustment Fund Credit Facility aimed at boosting production, competitiveness, and intra-African trade.”
She noted that despite the progress Nigeria had made in implementing the continental trade agreement, many local businesses continued to face obstacles that limited their ability to take advantage of the single African market.
?
“Many businesses still face challenges relating to export documentation, certification, standards compliance and market access,” the minister said.
She explained that the Federal Government was addressing these bottlenecks through enhanced trade facilitation measures, simplified AfCFTA guidance tools, stakeholder engagement programmes and stronger collaboration with institutions such as the Nigeria Customs Service and the Nigerian Export Promotion Council.
Oduwole stressed the need to strengthen Nigeria’s legal and regulatory framework by domesticating key AfCFTA protocols, particularly the Digital Trade Protocol, to position the country as a major player in Africa’s growing digital economy.
The minister also highlighted some of the gains recorded in Nigeria’s AfCFTA implementation efforts.
According to her, the expansion of Nigeria’s Air Cargo Corridor Initiative to Rwanda, increased collaboration with development partners and private sector players, as well as sustained engagement with state governments, were helping to deepen awareness and participation in the continental market.
In her welcome address and first-quarter update, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office, Mrs Patience Okala, provided details of the financing initiative.
Okala said the $1bn AfCFTA Adjustment Fund Credit Facility was targeted at large African businesses with a minimum financing capacity of $10m.
She revealed that the National AfCFTA Coordination Office was working closely with fund managers to facilitate access for eligible Nigerian companies and had begun assembling a pilot group of businesses to ensure that Nigeria maximised the opportunities provided by the facility.
Nkpemenyie Mcdominic, Lagos
Print Friendly, PDF & Email
Continue Reading

Business

NIWA Harps On  Avoidance Of Leaking Boats

Published

2 weeks ago

on

June 12, 2026

By

The National Inland Waterways Authority (NIWA) has advised Nigerians against boarding boats that require constant bailing of water in the interest of their safety.
 NIWA Area Manager for Cross River and Ebonyi, Mr Stanley Onuoha gave this warning in an interview with Newsmen in Calabar.
Onuoha who spoke on waterway
safety, said that passengers should take responsibility for their safety by inspecting boats before embarking on any journey.
According to him, repeated scooping of water from a boat is a clear indication that the vessel may be leaking.
“If you are entering a boat and see people using a bailer to remove water, it is the first signal that the boat is leaking,” he said.
He urged passengers to check the integrity of boats, including seating arrangements and other visible safety features.
The Manager restated the importance of using safety jackets, saying that damaged jackets may fail during emergencies.
He further said that passengers should ensure that safety jackets were appropriate for their body sizes in order to guarantee effective flotation.
 Onuoha reiterated the need for passengers to fill manifests before departure to aid accountability during emergencies.
The NIWA official further advised travellers to monitor weather conditions and avoid boarding boats when the weather is unfavourable.
According to him, poor weather conditions can trigger strong tidal waves capable of affecting small boats commonly used on inland waterways.
He said that waterway journeys should be embarked upon between 6.00a.m and 6.00p.m for clearer visibility.
Onuoha said  the Authority had continued to sensitise riverine communities to the need for safety precautions during waterway journeys.
He stated that sustained awareness campaigns and enforcement measures had contributed to safety waterway safety in Cross River.
CHINEDU WOSU
Print Friendly, PDF & Email
Continue Reading

Trending