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Zector:By the posting of Owoseni to Benue state, this should give doubting Thomas the assurance that Buhari means well and has no special protection for any Fulani / herdsmen... |
Owoseni - Future IGP Owoseni has proved his worth in Lagos state. It's now time to put Benue state in order... |
Benue Killings: 24 Arrested, 19 Arraigned In Court – Owoseni Channels Television Updated February 1, 2018 About a month after shocking killings erupted in Benue State on New Year’s day, the State Commissioner of Police, Mr Fatai Owoseni, has said that 24 suspects have been arrested with 19 arraigned in court in connection with the incident. Owoseni stated this on Thursday during a telephone interview on Channels Television’s Sunrise Daily where he vowed to ensure that justice would take its course to serve as a deterrent to others. “A total number of 24 suspects that have been arrested in connection with some of these cases which borders on culpable homicide, grievous hurt, and mischief by fire, the total number is 24. The number that have been arraigned in court are 19 while five of the cases are still being investigated,” he said. The CP said there would be no sacred cow in the fight against crime. He also promised to completely eliminate criminals as all those found guilty will be made to face the full weight of the law. He, however, noted that the state is currently enjoying relative peace due to the collaborative efforts of the police and the public. The police boss, until his assuming duties last month as the police boss in the state, was in charge of Administration at the Force Criminal Intelligence and Investigation Department (FCIID) at the Force Headquarters in Abuja, the nation’s capital. https://www.channelstv.com/2018/02/01/benue-killings-24-arrested-19-arraigned-in-court-owoseni/?
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TheKingdom:I thought GEJ did everything? ![]() |
Imagine a state ruled by PDP for the past 19 years. It is understandable when Enugu residents call their state a Zoo... What a disaster! |
Compared to 2014, 2017 Revenue from oil is about half, while none oil revenue has gone up by about 300 Billion naira. That is Buharinomics.. FIRS generates N4.69tn revenue in 2014 By BusinessNews Staff on January 31, 2015 The Federal Inland Revenue Service (FIRS) said on Thursday that it generated N4.69 trillion from taxes for the federal government in 2014. FIRS said in its Quarterly Revenue Report issued in Abuja that the figure surpassed its target for the year by about N400 billion. The report showed that the 2014 revenue was about N106 billion less than that of 2013, which stood at N4.80 trillion. According to the News Agency of Nigeria (NAN), the revenue was derived from petroleum profit and non-oil taxes, including income tax, gas income, capital gain tax, stamp duty and Value Added Tax (VAT). The report also indicated that N2.45 trillion, representing 52.96 per cent, was collected from petroleum profit tax while N2.24 trillion, representing 47.04 per cent, was collected from non-oil taxes during the period. A breakdown of the total collection showed that company income tax contributed N1.18 trillion; N10.83 billion from gas income; N2.59 billion from capital gain tax and N10.94 billion from stamp duty. The VAT, comprising Nigeria Customs Service Import VAT and Non-Import VAT, according to the period, contributed N802.95 billion of the total non-oil taxes collection during the period. The report also said that other non-oil taxes collected were Education Tax, N189.61 billion; N53.28 billion from Consolidated Account and N9.91 billion from National Information Technology Development Fund (NITDEF) levy. The report further showed that N1.05 trillion was collected in the first quarter while N1.45 trillion was collected in the second quarter. It also indicated that N1.19 trillion was collected in the third quarter and N1 trillion was collected in the fourth quarter. [ThisDay] http://businessnews.com.ng/2015/01/31/firs-generates-n4-69tn-revenue-2014/ |
FIRS generates N4.03trn revenue JANUARY 31, 2018 …Generates N720b or 22% in 2017 more than in 2016 …Generation from non 0il amounted to 63% ..Oil tax generated 38% … Generated revenue from oil N1.52tr in 2017 against N1.16% in 2016 … 2.49% reduction in cost of collecting revenue in 2017 from 2.60 per cent in 2016 The Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, said the Service collected N4.03 trillion revenue in 2017. A statement by the Head, Communications and Servicom, FIRS, Mr. Wahab Gbadamosi, on Wednesday in Abuja, said Fowler made this known when he led a delegation to the palace of Oba of Lagos, Akiolu I. Naira He said the delegation, which comprised members of FIRS Board, some members of House of Representatives and members of states’ Boards of Internal Revenue Service was at the palace to “seek royal blessing and advice’’. The delegation was in Lagos on a Retreat organised by FIRS. Fowler said the collected revenue represented 82.38 per cent of the N4.89 trillion target set for the Service by the Federal Government during the period. He added that the 2017 revenue was N720 billion or 22 per cent more than the N3.31trillion generated in 2016. “The 2017 collection performance exceeded the 2016 collection performance of 78.75 per cent. “With the support of the National Assembly, your support and that of other stakeholders, FIRS was able to collect over N4 trillion in 2017. “This is an increase of over 20 per cent relative to our collection in 2016. “We are hopeful that going forward and with the support of the National Assembly, FIRS will be able to fund this country through taxation,” he stated. An analysis of the collection during the period showed that non-oil accounted for 63 per cent while oil tax generated 38 per cent of the total collection. Fowler explained from second half of 2014, there had been a sustained decline in global prices of oil. According to him, oil revenue generated by FIRS in 2014 was N2.45 trillion while oil revenue generated in 2015 was N1.29 trillion. “That decline stopped as oil revenue generated in 2017 rose to N1.52 trillion as against N1.16 trillion in 2016. “This trend has had adverse effect on the ability of oil-dependent countries to meet their development objectives,’’ he said. Fowler noted that though collection increased by 20 per cent in 2017 compared with 2016, cost of collecting revenue went down to 2.49 per cent in 2017 from 2.60 per cent in 2016 and 2.62 per cent in 2015. He attributed the development to growing efficiency in collection by the Service, with the application of Information, Communication and Technology (ICT). On his part, Chairman, House Committee on Finance, Rep. Babangida Ibrahim, commended the monarch for “supporting collection of taxes in Lagos and at the national level’’. In his remarks, Oba Akiolu commended the National Assembly for not being “a rubber-stamp assembly’’. He said “God has something better in store for this country. By the grace of Allah, our President will deliver. “Nigeria now needs good governance that will deliver development to the people. FIRS has collected N4 trillion and they will collect more in the future.” He urged senators and members of House of Representatives to always dialogue with the executive for synergy “and give Buhari a chance’’. https://www.vanguardngr.com/2018/01/firs-generates-n4-03trn-revenue/ |
EmmaFantastic:You are right.... Firstname OLUSEGUN Lastname OBASANJO Polling Unit OLOSOMI'S COMPOUND VIN 90F5B51351296927854 Date of Birth 5/3/1937 Gender Male |
Na true o. The site is working. I checked Saraki and it brings out his information Firstname: BUKOLA Lastname: SARAKI Polling Unit: ODE OPOBIYI I VIN: 90F5B21062295090672 Date of Birth: 19/12/1962 Gender: Male It is going to be difficult to rig elections again in Nigeria |
Hahahahahaha. Why are all the PDP.igs developing one form of terminal disease or the other? From Dieziani, Olisah Metuh, and now Fanikayode? |
Breaking: Panel recommends Gwarzo’s dismissal, to refund N104. 9m JANUARY 30, 2018 The Administrative Panel of Inquiry into allegations of violation of Public Service Rule by suspended Director-General of the Securities and Exchange Commission (SEC) Mr. Mounir Gwarzo, has recommended his dismissal from public service. Munir Gwazo In addition, he is to refund the N104, 851, 154.94 which he illegally collected as severance package from SEC. https://www.vanguardngr.com/2018/01/breaking-panel-recommends-gwarzos-dismissal-refund-n104-9m/
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‘We don’t have to act only after officials have been handcuffed’ — Adeosun defends Gwarzo’s suspension Kemi Adeosun, minister of finance, has defended the decision to suspend Mounir Gwarzo as director-general of the Security and Exchange Commission (SEC). Adeosun had set up an administrative panel to look into some allegations levelled against Gwarzo. The panel had recommended his suspension, which the minister upheld. But Gwarzo attributed the action to his refusal to stop the forensic audit of Oando in line with the directive of the minister. “The minister asked me to stop the forensic audit of Oando and that I should constitute a committee comprising the head of legal of SEC, that of the ministry and that of Oando,” Gwarzo had said at a public hearing organised by the house committee on capital market. Describing Gwarzo’s allegation as “laughable”, Adeosun said he was punished because he acted outside the public service rules. “As we speak, the forensic audit is still going on. So, it is mischievous to even suggest that, that led to his suspension,” she said. “Mr Mounir was called and given a right of audience. We believe that our decision to suspend Mr Mounir was just. We cannot have somebody at the helm of affairs and it is only when the EFCC arrest them that they can be removed. That’s not fair. “Such is not good for Nigeria. We don’t have to wait for officials to be paraded in handcuffs before we take action. “Mounir should face the allegations against him which were the only reasons why he was suspended.” Adeosun said the allegations against Mounir were “very serious” and contrary to the principle “fit and proper” in the capital market. She added: “Mounir said he resigned from Medusah Investments in 2012, we obtained documents from CAC showing him to still be a major shareholder and a director in the company, which contradicts public service rules, as well as the Securities and Exchange Commission Act. “In the second company, Outband Investments, where he claimed that he was representing his wife, that it is his wife’s family’s company. The public service rules does not provide for that and more importantly, that company has transacted with us. So there is a conflict of interest.” The minister said the standard in the capital market is “very high” and “when we are taking disciplinary actions, we must be seen to be above reproach or else those actions will be questioned.” She also said: “The company in contention (Oando) was alleging that the person investigating them was not a fit and proper person and felt that his actions were coloured. That suspicion needed to be removed. “At the same time, we were receiving information from the staff of SEC that documents were being removed. And we knew we needed to do a thorough investigation which cannot be done with Mounir still at the helm of affairs. “Mounir has not been removed, he was suspended. And he is not the first DG of SEC to be suspended.” The hearing chaired by Tajudeen Yusuf, chairman of the committee, was attended by both staff of the finance ministry and SEC. -TheCable http://www.oak.tv/newstrack/dont-act-officials-handcuffed-adeosun-defends-gwarzos-suspension/
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Sirjamo:Na so we see am for Naija |
BREAKING: EFCC hasn’t violated Patience Jonathan’s rights – Court Published January 30, 2018 …Ex-First Lady loses N2bn suit against EFCC Ade Adesomoju, Abuja The Federal High Court in Abuja on Tuesday dismissed a fundamental human rights enforcement suit filed by wife of former President Goodluck Jonathan, Mrs. Patience Jonathan, against the Economic and Financial Crimes Commission of violating her various rights. Patience had in her suit filed on June 30, 2017, accused the EFCC of harrassing her over her political views she held in 2015. She alleged that the anti-graft commission resorted to invasion of houses linked to her, and obtaining interim forfeiture orders against accounts and houses belonging to her, her non-government organisation and her family members. But, delivering judgment on Tuesday, Justice John Tsoho, ruled that none of her complaints against the EFCC was sustainable. The judge ruled that none of her rights, including rights to fair hearing, own property, family life, dignity of human person, and freedom from discrimination, was violated by the actions of the EFCC in the agency’s handling of the investigations of bank accounts and properties linked to her and her relatives. He held that the former First Lady having failed to prove her allegations against the commission, was not entitled to any of the six prayers, including N2bn damages, sought in the suit. The judge noted that Patience’s case had been weakened by the fact that the EFCC had said its investigations were ongoing. http://punchng.com/breaking-efcc-hasnt-violated-patience-jonathans-rights-court/ |
National carrier coming soon, says FG Published January 29, 2018 Olalekan Adetayo, Abuja The Federal Government on Monday said a national carrier will soon come on board. It however said the carrier would be fully private sector driven. The Minister of State for Aviation, Hadi Sirika, said this in an interview with journalists in Addis Ababa, Ethiopia on the sidelines of 30th Ordinary Session of the Assembly of Heads of State and Government of the African Union. He said Nigeria would take advantage of the Single Air Transport Market inaugurated by the AU on Monday. The Minister listed the African Development Bank, the Islamic Development Bank and the Chinese Exim Bank as well as countries like Ethiopia, Kenya, South Africa, Morocco, Egypt, Rwanda, Namibia and Niger Republic as among those who will participate in the initiative. Sirika said, “We are very close to having a national carrier at the moment. “We are at the stage of transaction services. We have affiliations which will be dealt with. I hope within this week, you will hear from me on where we are. It will be soon. “We have been having alliances, discussions and co-operations regarding establishment of a national carrier in Nigeria. “It is going to be a full private sector driven. And if that happens, the government will provide enabling environment and support. And once that is done, Nigeria is on its way to greatness. Most importantly, the prices of tickets and the efficiency of service will be much better.” “Apart from entrepreneurs within Nigeria, institutions like African Development Bank has written to us that they are willing to support us and partner with us to drive this process. So also the Islamic Development Bank. So also the Exim Bank. “Countries like Ethiopia, Kenya, South Africa, Morocco and Egypt have been coming around to try to participate and partner with us. And lately, Rwanda, Namibia and Niger Republic. So, we are getting there soon,” the minister added. |
maclatunji:If the 3rd force has one million members, expect to have one million Presidential candidates... ![]() Such is the level of confusion among them. |
It is likely that the guy is waiting for Donald Duke to "share money" with them in exchange for vote / support. ![]() |
According to a statement from the corporation, the GMD said the figure was arrived at after deduction of N4.950 trillion received as payments from the N5.121 trillion approved subsidy claims of the corporation from January 2006 to December 2015. |
Omotofineo:The Nigerian Stock Exchange (NSE) operates a fair, orderly and transparent market that brings together the best of African enterprises and investors from around the global. To become an investor, an individual (or institution) must select a stockbroker and open an account with the Central Securities Clearing System Plc. (CSCS). A stockbroker is an appointed agent who is authorized to execute, buy or sell instructions on an investor’s account, while CSCS issues central securities identification numbers to investors required for the clearing, delivery and settlement of transactions. A stockbroker, in this sense, does not refer to an individual, but to a broker-dealer firm that is (i) a dealing member of The Nigerian Stock Exchange (NSE), and (ii) is registered with the Securities and Exchange Commission (SEC). In selecting a suitable broker to represent your interests as an investor, you should confirm the broker's status with both The NSE and SEC. The NSE also recommends investors meet with the broker-dealer firm to determine whether the services they offer match their specific needs. Stockbrokers and custodians have a fiduciary responsibility to their clients which implies management and safekeeping. The Nigerian Stock Exchange (NSE) has provided this information as an educational service to investors. The information provided is not a legal interpretation of regulator policy. Investors who have questions about the meaning or application of any of the information provided should consult with a certified and licensed stockbroker, investment advisor or financial advisor. http://www.nse.com.ng/investing/becoming-an-investor |
7lives:Some people are just obsessed with bad and negative news. |
Captleverage:Congratulations.. You have no idea. By the grace of God, I do very well for myself. It's all I will say. |
Captleverage:I'm sure, I do not owe you that. You are ultimately responsible for yourself as I would assume you are an adult. The stock market is there for you to invest if you are interested. I have given you the basic guideline as well. |
Captleverage:Is there anything in my post that suggest that I do not have the funds to invest in the stock market? |
Captleverage:lol. How is the stocks I buy important to you? This is an open market and not shrouded in any secrecy. It's up to you to research into the market and decide on which of the stocks to buy based on your research, affordability, and level of risk tolerance. |
Captleverage:Yes I did. |
Nigeria’s external reserves hit 4-year high of $40.3bn ON JANUARY 29, 2018 As foreign investors inject $5.2bn in 4 weeks CBN intervenes with $986m By Babajide Komolafe NIGERIA’s external reserves rose to $40.33 billion last week, the highest in four years. Meanwhile investors have injected $5.23 billion through the Investors and Exporters (I&E) foreign exchange (forex) window in four weeks while the Central Bank of Nigeria, CBN, has intervened in the forex market with $986 million since the beginning of the year. Data from the CBN website showed that external reserves rose to $40.33 billion on Thursday, January 25, from $38.765 billion on December 29, 2017. Thus, the reserves have risen by $1.56 billion this year. The $40.33 billion reserves represent the highest since January 2014 when the reserves dropped to $40.6 billion from $42.84 billion in December 2013. Central Bank of Nigeria, CBN, The steady rise in the external reserve, from July 7 last year, is occasioned by improved foreign exchange inflow occasioned by increase in crude oil price, dollar inflow from foreign portfolio investors facilitated by the Investors and Exporters (I&E) window introduced in April last year, as well as reduction in dollar sale through CBN’s forex intervention. Last week crude oil price rose above $70 per barrel, the highest in three years, while the I&E window attracted $26 billion last year. Last week, CBN Governor, Mr. Godwin Emefiele, projected that the nation may achieve $60 billion external reserves in 2019, should this trend persist. He said increases in the price and shipment of oil, Nigeria’s biggest foreign-currency earner, and improved investor confidence mean the CBN can build its reserves to $60 billion in the next 12 to 18 months, from $40 billion currently. “Things are looking up. No one ever thought the price of crude would hit $70 in such a short period of time”, he said during an interview with Bloomberg. Foreign investors inject $5.23bn in 4weeks Financial Vanguard analysis showed that foreign investors injected $5.2 billion through the I&E window in the first four weeks of the year, indicating increased confidence in the nation’s economy. Analysis revealed that foreign investors injected $1.84 billion through the I&E last week, indicating 29 percent increase, when compared with $1.42 billion injected the previous week. However, the naira depreciated by 25 kobo in the I&E window last week, as the indicative exchange rate rose to N360.35 per dollar from N360.10 per dollar the previous week. The naira, however, remained stable at N364 per dollar in the parallel market. Meanwhile, the CBN on Friday injected another $304 million into the foreign exchange market through the Retail Secondary Market Intervention Sale (RSMIS). Announcing the intervention on Friday, Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor said: “The Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Intervention Sales (SMIS) of the inter-bank Foreign Exchange Market to the tune of $304.4 million.” He said that interventions were in favour of interests in the agricultural, airlines, petroleum products and raw materials and machinery sectors. Reiterating that the objective of the CBN remained to boost liquidity, production and trade, Okoroafor explained that the CBN would continue to ensure liquidity in the interbank sector of the market as well as sustain its interventions in order to drive economic growth and guarantee market stability. Speaking further, Mr. Okorafor expressed optimism that the Nigerian economy stood to gain massively from the bank’s forex management strategy as could be seen in the accretion to the foreign reserves, which now stands at over $40 billion. Financial Vanguard analysis revealed that the apex had intervened in the foreign exchange market four times this year to the tune of $986 million. The apex bank intervened with $262.2 million on January 12, $210 million on January 15, $210 million on January 23 and with $304.4 million on January 26. Stable cost of funds as N272bn TBs enhance market liquidity. Cost of funds is expected to remain relatively stable this week b uoyed by inflow of N272 billion from maturing bills. Last week, cost of funds fell sharply by 1,226 basis points (bpts) following inflow of statutory allocation funds of over N600 billion. This combined with inflow of N67.65 billion from matured treasury bills cancelled the effect of N351.71 billion outflow through secondary TBs issued by the CBN in continuation of its liquidity mop up operations. According to data from Financial Market Dealers Quote (FMDQ), interest rate on Collateralised (Open Buy Back, OBB) lending fell by 1,217 bpts to 4.5 percent last week from 16.67 percent the previous week. Similarly, interest rate on Call lending dropped by 1.234 bpts to 5.33 percent on Friday from 17.67 percent the previous week. While there will be auction of primary market TBs worth N252.7 billion this week, analysts project this will have marginal impact on cost of funds, due to inflow of N272.21 billion from maturing TBs, as well as the continued effect of the inflow from statutory allocation funds which commenced last week. https://www.vanguardngr.com/2018/01/nigerias-external-reserves-hit-4-year-high-40-3bn/ |
FG makes N196.3m from savings bond in January – DMO JANUARY 29, 2018 The Federal Government said it made N196.3 million from sales of savings bond in January. This is according to the Debt Management Office (DMO). The results of the sales published on the DMO website on Monday, showed that N73.05 million was allotted at 12.09 per cent with 121 successful subscriptions to mature in Jan. 2020. It stated that N123.25 million was allotted at 13.09 per cent with 178 successful subscriptions to mature in Jan. 2021. The savings bond issuance is expected to help finance the nation’s budget deficit. The bond issuance is part of the Federal Government’s programme targeted at the lower income earners to encourage savings and also earn more income (interest), compared to their savings accounts with banks. The bonds are debt securities (liabilities) of the Federal Government, backed by its ‘full faith and credit’. Interests are to be paid at regular periods and principal repaid at maturity. The bonds have a tenure of between two to three years and a minimum size of investment of N5, 000 and maximum of N50 million. The bond is aimed at deepening national savings culture, diversifying funding sources for the government and providing opportunity to all citizens, irrespective of income level to contribute to national development.It will also enable all citizens to participate and benefit from the favourable returns available in the capital market. NAN https://www.vanguardngr.com/2018/01/fg-makes-n196-3m-savings-bond-january-dmo/ |
Captleverage:It's a good sign. You too can invest if you can bear the risk |
Nigeria’s stocks among world’s best-performers in 4 months – Bloomberg JANUARY 29, 2018 Nigeria’s stocks have been among the world’s best-performers in the past four months, and foreign investors are a big reason for that, Bloomberg reported on Monday. The New York-based financial software, data, and media company, said net foreign inflows to Nigerian equities totaled 337 billion naira ($940 million) last year, the first time flows have been positive since at least 2013. It said December 2017 was the best month since Bloomberg started compiling data at the beginning of 2014, with net inflows of 140 billion naira, signaling a switch in sentiment toward equities in Africa’s biggest oil producer. The finance media company said foreign investors were heavy buyers of Nigerian shares last year. “Nigerian equities have gained in allure for international traders, thanks to the rise in Brent crude prices to around 70 dollars a barrel and an easing of dollar shortages, which are helping Africa’s largest economy recover from its worst slump in 25 years. “They’re also attracted by what remain among the cheapest valuations on the continent. “The turnaround has seen investors pile into the New York-based Global X MSCI Nigeria ETF this year, too. “That’s increased the exchange-traded fund’s market capitalisation to almost $100 million, triple the size of a year ago,” Bloomberg said. The world-beating rally in Nigerian stocks might not be over yet, noting that the main equity index in Africa’s biggest economy had surged 12 per cent in the first two weeks this year in dollar terms, the most among 96 major bourses tracked by Bloomberg, pushing it to the highest level since 2008. It said the advance would probably be sustained thanks to rising prices for oil, Nigeria’s main export, and as investors look to increase their holdings of what remained among the cheapest stocks in Africa. “Still, there are some warning signs. The 120-day correlation between Nigerian stocks and Brent crude is now around the highest in two years. If oil prices reverse their 45 per cent climb since June, Nigerian assets could take a hit. “That’s one reason HSBC Holdings Plc has a negative outlook on the stocks. The U.K. bank also says Nigeria will have to free its currency further. “While the central bank eased some capital controls last year and opened a trading window for foreign portfolio investors, it continues to operate several exchange rates.” It warned, however, that Nigeria’s multiple exchange rate system was likely to remain a key drag, keeping long-term investors on the side lines. NAN https://www.vanguardngr.com/2018/01/nigerias-stocks-among-worlds-best-performers-4-months-bloomberg/ |
tuniski:Your opinion which millions of Nigerians who are Buhari supporters, do not agree with. ![]() |
iluvdonjazzy:Jonathan the drunkard.. |
tuniski:It might also be that they are endorsing him officially, which is more likely.. ![]() Nothing will stop Buhari from running, save for his health. He is looking younger and more fit everyday now.. ![]() |
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Not being able to answer my basic questions