Turkish Trade Delegation Explore Nigerian Opportunities

28 Oct 2013

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Olusegun Aganga, Trade Minister

By Crusoe Osagie

A special trade delegation of highly influential cosmetics manufacturers from Turkey has arrived Nigeria, for business meetings with leading importers and manufacturers of cosmetics in Nigeria.

Starting from October 29, the Turkish cosmetics manufacturers would be holding series of business meetings and close deals with selected leaders in the Nigerian cosmetics sector and provide fast-track support for the cosmetics sector in Nigeria.

This underscores the growing strategic importance of Nigeria as a key emerging market and the increasing reputation of Turkey as a world-class manufacturer and a reliable supplier of top quality goods and cosmetics.

The Turkish cosmetics sector is particularly growing and realised over $1 billion in export value in 2012 alone. With Nigeria's large population and equally growing cosmetic industry, Nigeria and Turkey are poised for stronger ties and a mutually beneficial trade partnership

The delegation from Turkey,  will consist of: 11 companies, two senior representatives of  IKMIB Istanbul Chemicals and Chemical Products Exporters Association and the owner of the project, two representatives from the Ministry of Economy of the Government of Turkey, Metin Cobanlioglu the Director  of Globrand, Coordinators of the project. The Head of the delegation is the Chairman of IKMIB, Mr. Murat Akyuz

The top cosmetics companies coming from Turkey include: Akdeniz Dis Tic. Gida San. Ltd. Sti.; Alfar Kozmetik San. A.S.; Beyaz KozmetikIth.Ihr.San.ve Tic. Ltd. Sti.; DogatekIcve Dis. Tic Ltd. Sti.; IpekIdrofi I Pamuk San. ve Tic. A.S.; NucosKozmetikKimya San.ve.  Tic. Ltd. Sti.; Pinkar Kimya Sanayiive Tic. A.S.; RebulKozmetik San.ve Tic.A.S.; SCK Zeta Dis Ticaret Pazarlama Ltd. Sti.; SebatKimyaSanayiIcve Dis Ticaret A.S. and TurkuazMedikal, Kozmetikve Dis Ticaret Ltd. Sti.
Akyuz, leader of the delegation, pointed out that the Turkish cosmetics’ cluster is a special project aiming to increase international trade as well as boost the exports of a selective group of companies.

Read more in Thisday: http://www.thisdaylive.com/articles/turkish-trade-delegation-explore-nigerian-opportunities/162837/

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US introduces new stylish $100 note with 3D

Tuesday, October 08, 2013

American Federal Reserve on Tuesday began supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters and help businesses and consumers tell whether a note is genuine.

Distance, demand, and the policies of individual financial institutions will influence how quickly the redesigned notes reach businesses and consumers around the world.

“The new design incorporates security features that make it easier to authenticate, but harder to replicate,” said Federal Reserve Board Governor Jerome H. Powell. “As the new note transitions into daily transactions, the user-friendly security features will allow the public to more easily verify its authenticity.”

The Federal Reserve, U.S. Department of the Treasury, U.S. Bureau of Engraving and Printing, and the U.S. Secret Service partner to redesign Federal Reserve notes to stay ahead of counterfeiting threats.

The redesigned $100 note includes two new security features: a blue 3-D security ribbon with images of bells and 100s, and a color-changing bell in an inkwell. The new features, and additional features retained from the previous design, such as a watermark, offer the public a simple way to visually authenticate the redesigned $100 note.

Consumers worldwide are advised that it is not necessary to trade in older-design $100 notes for new ones. It is U.S. government policy that all designs of U.S. currency remain legal tender, regardless of when they were issued.

For more information about the new design $100 note, as well as training and educational materials, visit http://www.newmoney.gov