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How to invest in treasury bills in Nigeria. I'm here to teach you yet another interesting topic that will guarantee your financial success if towing the part of financial literacy is what you desired.

The rate at which Nigerians embraced financial securities in the past decade or more is no longer what's obtainable today probably owed largely to global economic melt down that hit the world at large in 2006 or so.

However, I deem it necessary to educate you on the impact of financial security to your life at whatever level you may think of.

Ever since the capital market crumbled, few Nigerians with reliable information on investment have continued to rake in profit from this same market and are not ready to stop anytime soon. "Who no want make money?"

What differentiates you from these few individuals is information, no wonder they say "information is power" and you beat that.

If you are ready to join the band wagon, kindly go through this article and do yourself a great favour by imbibing on the guidelines and instructors therein.

I'm committed to showing you how  to make money investing in treasury bills in Nigeria.

WHAT IS TREASURY BILLS?

Treasury bills are short-term maturity promissory note, issued by the federal government to the public as a primary instruments for raising funds to undertake its projects and as well regulating money supply in circulation. The federal government normally issues treasury bills through the Central Bank of Nigeria (CBN). Unlike the usual shares, treasury bills in Nigeria is normally traded for less than one year, typically three months, you will get back your funds.

How possible is it that the federal government will borrow money from the public when the oil money is there? The truth is that federal government can run out of fund, like it's not a news that at some points in this country last year the federal government could not pay salaries not to talk of releasing allocations to the State government. Some many factors led to that as such one of those things that could compel the federal government to borrow from the public.

BENEFITS OF TREASURY BILL

1. Treasury bills in Nigeria is risk free, this is an investment you cannot be afraid of. It doesn't go bad, you are lending your money to the federal government who must pay back at all cost.

2. Interest on treasury bills is paid up front: You are being paid the interest immediately you invest, then wait for the maturity date to collect your face value. Name any security that will pay you interest upfront on investment and I will wait. That's the beauty of treasury bills in Nigeria.

FEATURES OF TREASURY BILLS IN NIGERIA

1. there's a discount while interest is earned upfront.

2. It's used to raise short term funds to bridge seasonal/temporary gaps between receipt and expenditure of government.

3. It is a negotiable instrument: This is a document that contains guarantee or promise to pay a specific amount of money to a person or entity in possession of the instrument, whether on a specified date or on demands.

4. Assured yield and low transaction cost: Interest is guaranteed with less effort, it's a duty bound investment.

5. Fixed rate of interest

6. Maturity date, this is the date the investment tenure is expected to expire, usually 91 days, 182 days and 364 days.

7. Treasury bills in Nigeria are now  issued in electronic form.

ADVANTAGES OF TREASURY BILLS IN NIGERIA

Short term investment: The investment period is usually short within 91, 182 and 364 days.

Risk free: You can happily go home and sleep with your two eyes closed.

Can be used as loan collateral: You can use the treasury bills certificate to obtain loan from the bank as collateral. This is most acceptable collateral by banks.



It encourages individual investors: You can venture into it without much thoughts.

Monetary policy tool: Government uses treasury bills in Nigeria as a way of moping up funds in circulation from the public to reduce/ control inflation.

HOW LONG CAN MY INVESTMENT LAST IN TREASURY BILLS?

It's usually within 91, 182 and 364 days.

WHEN IS TREASURY BILLS SOLD IN NIGERIA?

It's usually sold bi- weekly.

HOW DO YOU CALCULATE TREASURY BILLS IN NIGERIA?

I= P × R/100 ×T/365

Example: Say you invested N1000000 at the rate of 12% for 364 days

Answer:

I= 1000000 × 12/100 × 364/365

= 1000000 × 0.12 × 0.99726027

= N119,671.232

It then stands that on your investment of N1000000 one million naira at the rate of 12% for 364days you will receive N119,671.232 immediately as your interest. This is one secret business the bank will never tell you, you can actually make a lot of money investing in treasury bills in Nigeria.

WHAT IS THE MINIMUM AMOUNT I CAN INVEST

You can invest from N10,000. Initially it was scrapped, but it has returned back to status quo. In fact you can invest any amount now, but make it reasonable as your profit depends on investment.

CAN INDIVIDUAL BUY TREASURE BILLS IN NIGERIA?

Yes you can buy treasury bills as an individual.

WHAT ARE THE RATES OF TREASURY BILLS IN NIGERIA?

The worst rate can go for 12%, meaning it could be above that.

ARE TREASURY BILLS TAX FREE?

Yes, you are not expected to pay tax on your profit.

WHERE CAN I BUY TREASURY BILLS IN NIGERIA?

Just like other instruments, it has primary and secondary offer.

The primary market is through CBN which you can access through the bank.

While the secondary market is across the counter, you can access this through your stock broker.

Definition of terms.

1. Face value: This is the amount paid to the holder at maturity.

2 Discounted value: Present value of a future sum of money to be paid at a stipulated future date.

3. Interest: Difference between the face value and the discounted value.

4. Tenor: The amount of time left for the payment of the face value of the instrument. Tenure is usually expressed in days.

5. Yield: The annual income earned from an investment, expressed usually as a percentage of the money invested.

6. Rediscounting: The act of exchanged for an amount of cash adjusted to reflect the current interest rate.

7. Discount rate: The interest rate of the instrument.

8. Mark to Market: Current market value of specific maturity. This is influenced by macro economic factors and is published daily by the FMDQ.

Conclussion: Having learnt all these secrets about investing in treasury bills in Nigeria, I hereby advise you to take a positive step towards enhancing and guaranteeing your financial future. The bank will never let this secret out to you, why not take advantage of a rare opportunity. Happy financial freedom in advance.

If you think this article has helped you today, kindly reciprocate by sharing it using the buttons below. Your friends and colleagues deserve to read and take charge of their financial lives as well.

Thank you for visiting this blog.

Let's have your questions in the comment box below.

https://financengr.com/2018/04/14/how-to-invest-in-treasury-bills-in-nigeria/

Hot ways to improve your personal savings in 2018. Developing a healthy financial structure is as good as practicing a healthy living, that being said, the importance of adopting ways to improve personal savings becomes Paramount on top of priority.

The purpose of this guide is not to promise an overnight millionaire, however following the below steps can actually make a great difference and improve your personal savings and finance.

Savings is a practice of taking away a fraction of your income for future use which could be aimed at unforseen circumstances.

Benefits of savings:

1. It provides a financial backup, life is full of uncertainty, need to save money to safeguard yourself when faced with harsh realities.

2. It can make up for seed money, you can startup a business without seeking out loans, no startup financial stress.

3. Can as well invest the seed money in stocks, bonds etc for a later yield.

4. With good savings plan, one can retire young while he pursue enterprise to better finance.

5. Entrepreneurship, one major problem of entrepreneurial development is the funding. With enough savings you can start a business with resilience, energy and hard work you are good.

You can improve your personal savings in 2018 through the following:

1. Set a SMART goal: The truth is, you can't get to your destination if you do not know where you are headed for. To live this dream, you need to set goals, what exactly did you want to save your money for? It should be stated if possible on a sheet of paper. Read it to yourself every morning and work towards its actualization.

Besides, your goals for whatever reason must be a SMART one.

S- Specific, you should set specific goals void of ambiguity, should be clear to your interpretation without any form of misconception, this is your motivation.

M- Measurable, your set down goals should be measurable. Don't set goals without measuring parameters towards  achieving such goals. It should fit into plans and well accommodated.

A- Achievable, set goals that are within the tenets of available resources, you should achieve this within a specified time frame.

R- Realistic, you should set realistic goals to help you improve your personal savings. It must not be a wishful thinking.

T- Time, there should be a time frame to measure your goals, which may be short, medium or long term, you should work towards achieving your goals within a specific period of time otherwise the aim of such goals will be defeated.

2. Make plans: Setting goals is like a wishful thinking without making adequate plans to back it up. Strategize plans that will bring your goals to fruition. These plans could be the much strategies you laid down to help improve your personal savings and finance. This could include savings pattern, choice of investments etc.

3. Create a budget: This is your financial plan for a defined period of time. Projects you hope to undertake, what you intend to spend your money on? They should be defined and spelt out in clear terms.

4. Kindly differentiate your needs from wants: Your needs are the basic and essential commodities of life such as food, shelter, clothes etc. Needs from your budget should be given priority, wants can wait, if you must improve your personal savings and finance, prioritize your needs and avoid the wants.

5. Ask for a pay raise: If you are a salary earner, it's necessary to have a discussion with your employer to improve your service terms and conditions, be bold enough to push for an increase in your salary this will improve your personal savings and finance as well.

According to Heather MCGregor, if you ask for a pay raise, you must believe that you are not being paid the right amount of money.

In practice, you will never get to be paid the right amount of money, because no body can actually pay for your time. A pay raise will improve your personal savings if you push rightly.

6. Save at source: There's a room to improve your personal savings if you choose to save at source. This is an agreement where you have your salary account being debited to credit a specified savings account automatically while you receive the residual balance. This will help you have a healthy savings, impressive way to save money from salary.

However, avoid requesting for ATM cards for this category aimed savings account, it will only break your savings rules through unwarranted withdrawals.

7. Consider a cheaper housing:  This could be a major reason you struggle to maintain a descent personal savings.

To improve your personal savings, find out if your rent is sucking or way too much for your income, you could be spending much on housing. Area you domiciled could be a factor as houses are being priced according to choice areas.

If you live and work in choice areas in Portharcourt, Lagos and Abuja, you will appreciate this revelation. Move to a less choice area with affordable rents to accommodate your budget as well improve your personal savings.

8. Pay yourself: That sounds strange but can be effective to improve your personal savings, in your financial struggle it pays to set up a modality to pay yourself from your earnings, it can amount to huge sum at long run.

9. Avoid Borrowing: He who goes borrowing goe sorrowing. Always live within your earning. Avoid habits of borrowing money to buy flashy electronic gadgets, phones, jewelries and expensive clothes to impress anyone it cannot in anywhere improve your personal savings, rather bring you embarrassment when you cannot pay back.

10. Remove your savings first, then spend: The difference between the rich and the poor is that, the rich save from what they have and spend what's left, while the poor spend what they have and save what's left if at all. It's a bad financial ideology to practice. You must remove your savings first no matter the circumstances, this can only be your bailout to improve your personal savings and finance.

11. Scale down your expenses: You may consider eliminating unnecessary expenses from your budget.

E.g Telephone bills, reduce the amount of money you spent on irrelevant calls, use text messages instead where necessary. This will amount to so much by the end of the month if you are able to monitor it.

How often do you steam your generator set, this is specific in Nigeria considering erratic power supply. You can instead buy rechargeable lamps, charge them for use at night than always buy petrol.

The money you spent in fuelling generator every night can pay your annual rent if you have ever cared to consider. Say you buy four liters each night at N600. N600 x 30 days= N18,000 for one month.

N18,000 x 12 = N216,000 for one year. Isn't that crazy to know how much you probably spent on fuel in a year while you may not have a complete savings of N50,000 for the whole year. Your rent could be N160,000 or N170,000 on average scale, be wise.

12. Keep cash away from home: There's always a direct correlation to spend when money is readily available, you had better keep the money in your savings account to improve your personal savings.

13. Convert your passion to cash: You can actually improve your personal savings  offering some services in exchange for money.

With good writing skills you can make money on Fiverr, do some data entry and freelance jobs part time online and earn decent income, to improve your personal savings.

You may start offering private lessons to students , can make it a mobile and part time job, name your price and parents who can afford it will pay.

Are there questions or contributions you wish make, field them in the comment box below.

https://financengr.com/2018/04/10/hot-ways-to-improve-your-personal-savings-in-2018/

May God bless their marriage!!!

You Can Import Goods With Letter of Credit in Nigeria, see how it works. The purpose of this guide is to reveal to intending importers how actually they can import goods using a seamless and easy means to source foreign exchange, which arguably has been the major challenge limiting importation of goods in Nigeria.

I will suggest you go through this guide with keen interest and concentration as it contains everything you will ever need for a successful importation of goods and services to as well guarantee profit after sales.

Letter of Credit commonly known as LC will form the pivot of this guide.

WHAT IS LETTER OF CREDIT?

Letter of credit is an order or document by a buyer through a bank, intending that a seller/shipper in another country be settled for the goods after all conditions are being met by both parties. The issuing bank is however acting or providing the foreign exchange for settlement on behalf of the buyer/importer. The shipper however could on his own choose a favorite bank in his own country he wish the payment routed through, otherwise it goes through the issuers corresponding bank.

WHAT DOCUMENTS DO I NEED TO PROCESS LETTER OF CREDIT (LC)?

To access Letter of Credit (LC) you will have to make available the following documents to your bank.

1 Valid Form M: Form M is a statutory document to to be completed by all importers for importation of goods and services in Nigeria.

HOW CAN I GET FORM M?

To get Form M you will need the following:

A SONCAP, is issued by the regulatory agency in charge of standard and quality of the product to be imported and for possible inspection.

B Insurance certificate: Like the name goes, this is to insure your goods in case of any eventuality.

C TIN Number: This is Tax Identification Number, by obligation you are required to pay tax to the government, this will serve as an evidence of tax payment. Recently Voluntary Asset and Income Declaration Scheme (VAIDS) was held in Nigeria as a way of granting tax amnesty to evaders, businesses, individuals to come out and declare their assets as well pay tax.

D Proforma Invoice: This is a document containing details of items to be imported, ranging from sizes, unit price, quantity, quality etc.

2 Application letter, you will have to apply officially to the bank stating your intention to access letter of credit (LC). This application must be made with your company letter headed paper, at this point you now understand that you need a company account for this transaction.

3 Bid request: This is simply an item showing that you voluntarily requested to source foreign exchange using letter of credit through the bank as every transaction is legally binding and can be enforced should anything go wrong.

4 LC application form: Apart from your initial letter, you are required to fill an (LC) Letter of Credit application form.

Having made provision for the above listed you are on your way to a successful letter of Credit (LC) offer.

5 Your Bank Account must be funded: Over the tune of the amount being sourced equivalent in USD.



HOW DOES THIS LETTER OF CREDIT WORKS?

Here is a typical example: Say an importer Mr. IK with the company name Ike God Investment Nig, Ltd approached a commercial Bank in Nigeria say Skye Bank Plc. Requesting a letter of credit to source foreign exchange to enable him pay his seller/shipper in China, whom he has agreed a specified price, items, quantity and quality as contained in the Proforma Invoice.

Note: Mr IK and the shipper, may be say Mr Chin Gao in China may not have necessarily known each other, their business could be on referral etc.

The bank will now require Mr Ik to apply for letter of Credit using his company/business letter head. He will as well be issued a bid request form, and letter of Credit application form. MR IK will then provide his Valid Form M which the bank could still help him access via the Form M window. Mr IK will have to fund his account to the tune of the amount being sourced in USD.

At this point the journey is half way done, the issuing bank (Skye Bank) will now reach to a corresponding bank In the Mr Chin Gao’s country i.e China. Mr Gao can decide or make a reference to a particular bank he wish to receive his money from. Once there’s a transmission the bank in China will contact Mr Gao with a notification of letter of credit on his behalf.

Mr. Gao will then release the shipping document to the bank in China, the bank in China will then contact Skye Bank with the details of the shipping document to ascertain if it’s actually what is contained in Mr Ik’s Proforma Invoice. All things been equal, the bank in China will be instructed to pay Mr Gao then Mr Ik will receive the shipping documents, will then wait for his goods to arrive Nigeria then clear his goods afterwards.

Hope it’s very clear and concise, importation does not involve a rocket science. You just need to equip yourself with necessary knowledge on how some principles involved work.

CONCLUSSION

NB: You must pay attention to the details of a letter of credit, ask questions, seek clarity where in doubt before you accept some terms, because once they are binding on you, they can be enforced.

None of these banks is a shipping agent and they do not have business with the quality of the product, all they do is act as foreign exchange providers and intermediaries on behalf of the seller and the buyer for accomplishing a smooth and healthy transaction between the shipper and the importer.

Also remember that the shipper will only get paid after he might have proved shipment in accordance with the dictates of the Proforma Invoice as well handed over the shipping document to the Bank.

You may ask how did the sourcing bank make its’ money? well, the bank provides the letter of credit on a particular rate to the customer, usually better than what is obtained in other foreign exchange markets.

Are there questions you wish to ask, avail yourself the opportunity to seek clarity where in doubt by simply using the comment box below.

https://financengr.com/2018/04/06/you-can-import-goods-with-letter-of-credit-in-nigeria-see-how-it-works/

Best banks for small business loan. There is a great financial need to support an existing business with funds, better still fund a startup. How and where to get these funds oftentimes become a herculean task, frustrating and difficult, with all variables in good shape it then becomes pertinent to source loans aimed at accomplishing this task.

While small business loan can be difficult to obtain, there are options not farfetched, in this article you will get to understand how small business loan works and how you can source the best loan for either a startup or to expand your existing small business.

Categorically as it concerns Nigeria, reading this guide will serve as an eye opener to your breakthrough towards accessing small business loan, to further assist advance your course into big time entrepreneur.

WHERE CAN I GET SMALL BUSINESS LOAN TO SUPPORT MY BUSINESS?

The answer to your question is tied down around few commercial banks in Nigeria who have in their own creativity, commitment and quest to assist dedicated entrepreneurs achieve their set down goals and objectives, made provision for seamless facilities that encourage small businesses.

First on this list is Diamond Bank: Diamond bank has a loan package termed PERSONAL LOAN, this loan actually came in existence for the purpose of assisting you overcome your financial challenges, you can actually access and convert this to small business loan.

Feature and Benefits of Diamond Personal Loan

1) It has a repayment period of up to 12 months, you can as well pay in installment.

2) The pricing is competitive, you can negotiate down the interest rate to your advantage, there’s no hidden charges.

3) You can access a minimum amount of N500,000 and a maximum amount of N5,000,000. Corporate Guarantee can access N10, 000,000.

There are however requirements to certify before you can access this facility

1 You must have a functional savings account with the bank, why not open one today and start funding your account gradually and build it up ahead of the business plan.

2 You will complete a retail lending application form provided by the bank.

3 You have to present your employment letter to the bank.

4 You confirmation letter is required or your last promotion letter

5 Staff ID

6 Valid ID card ( International Passport, driver’s license or national ID card).

7 Your proof of address. With all these details you are good to go sourcing your small business loan. Diamond bank is one of the easiest bank in history to get small business loan.



First bank: First Bank believe that Small and Medium Scale  Enterprises are key drivers of the economy, this is why they have designed products and services that create solutions for your business growth and sustainability. That being said, they have arrays of loan plans you can benefit from.

Oil and Gas Contract Finance: This facility is designed to meet the funding requirements of indigenous oil and gas companies who are either customers or prospects of First Bank.

Features:

1 The loan is self liquidating: Upon receipt of contract proceeds, you are required to be kneeling off.

2 The facility is usually short term tenured: This is mostly between 90 to 360 days.

3 The bank provides up to 70 percent of cost of contract execution and not that of contract value.

4 The product is essentially domiciliation of contract proceeds as the sole comfort except where the facility is in excess of N50 million naira for project finance which must be secured with tangible collateral.

Benefits:

1 There is an increased profitability

2 Contract Documents

3 Financial statement (Audited)

4 Evidence of past jobs executed, copies of payment advice.

5 Your application letter.



Import Finance: This is a First Bank loan scheme targeted at its’ customers who import raw materials or finished  goods and services into the country.

Features of Import Finance:

1 Credit facilities are made available through (LC) Letter of Credit, (BC) Bills for Collections etc. I will write exclusively about these two terms as it concerns importation in my next article on this blog for you to learn more.

2 It’s a short tenure facility with the lien on shipping documents serving as collateral.

3 Equity contribution is required

Benefits:

1 There is an ease of access to credit facilities for importation.

2 The customer can take advantage of volume discount and enlarge sales.

Accompanying Documents:

1 (KYC) Know Your Customer documentation has be in place.

2 Form M.

3 Proforma Invoice

3 Insurance

4 Risk Assessment Report (RAR). If your business is solemnly on importation of raw materials and finished goods, then back up yourself with this opportunity and make exploits, no doubt an effective small business loan.



Skye Bank: “Personal Term Loan,” This plan has been provided by Skye Bank to enable you meet your small business loan challenges, hence one of the easiest banks to get your small business loan.

Features:

1 Access up to N5 million

2 Flexible and convenient monthly repayment plan over a period of 36 months.

3 You will pay back from your salary domiciled with the bank.

4 There’s a competitive interest rate.

5 You are not required to provide collateral.



Eligibility:

1 Applicant must be in employment of reputable organization in private or public sector.

2 Applicant’s salary account must be domiciled with the Bank.

3 This facility is available to only confirmed staff.

How to apply:

1 Visit any Skye Bank branch closest to you to complete a loan application form

2 submit duly completed loan application form with all relevant loan documents.

3 Your loan is processed and disbursed within 48 hrs. Skye bank could be categorized as one of the top small business lenders, you can easily source your small business loan without much stress.



The aforementioned banks have been up and doing in providing what could be referred to as best small business loan for startups, they remain the industry good players with a track record over time.

Do you have a contrary idea, this list may not really appeal to everyone but do well to leave your contribution using the comment box below. Point out other banks you think are better in providing small business loan.



https://financengr.com/2018/04/05/best-banks-for-small-business-loan/

Bribery and corruption: Three police men detained for alleged N10,000 bribe. Emerging report can confirm that Imo State commissioner of Police , Chris Ezike , has ordered the detain of three police men in the state attached to anti cultism Unit of the command for threatening to defame a group of journalist while they collected N10,000 bribe from them to get pacified on Sunday.

Bribery and corruption is a cancer that has eaten deep into the social, civil, political culture and every sector across the Nigerian divides.

In a statement by the Imo state commissioner Police Chris Ezike on Tuesday said he had given Deputy Commissioner of Police in charge of the state Criminal Investigation and intelligence Department one week to conclude investigation into the matter.

In line with the commitment of the Nigerian Police Force to purge itself from corrupt officers who have continued to tarnish and paint the image of the Police Force in bad light.Ezike said “The three Police men are in detention now. I have directed the DC SCIID to investigate the matter.

“I have equally directed him to reach out to the complainants, because as we speak, no body has reported the incident apart from what we saw in the media.

“The Inspector General of Police is passionate about discipline and excellence. The allegation is bribery and corruption with impunity.”

The victims were understood to be members of the Online Media Practitioners Association of Nigeria who attended the Association’s convention inOwerri between March 30 and 31​

https://financengr.com/2018/04/04/bribery-and-corruption-three-police-men-detained-for-alleged-n10000-bribe/

N13.5m Running cost: leadership of National Assembly should be held for fraud- Prof. Itse Sagay (SAN)

Following a revelation made by Senetor Shehu Sani representing Kaduna, on illegal N13.5m received by senators monthly. The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has differed on the provision of the law on the alleged N13.5m running cost.

RMAFC has clarified its position on the supposed salaries and allowances of senators.

According to the Commission, the Law on Salaries and Allowances of Public Office Holders is very clear and as such

“it is only the management of the National Assembly Service Commission that can explain  the N13.5 million running cost allegedly being enjoyed by each Senator as  the Act only covers Salary and Allowances but not Running Cost,” it stated.

The statement which was issued by the Commission’s spokesman, Ibrahim Mohammed said a closer look at the monthly entitlement of Senators reveals that,

"Each Senator collects salary and allowances of the sum of N1,063,860:00 consisting of the following basic-N168,866:70, motor vehicle fuelling and maintenance allowance N126,650:00, Personal Assistant N42,216:66, Domestic Staff-126,650:00, Entertainment-N50,660:00, Utilities- =N50,660:00, Newspapers/Periodicals -N25,330:00, Wardrobe – N42,216, House Maintenance – N8,443.33:00 and Constituency – N422,166:66 respectively.” “It is instructive to note that some allowances are regular while others are non-regular.

Regular allowances are paid regularly with Basic Salaries while Non-Regular allowances are paid as at when due. For instance, Furniture allowance (N6,079,200:00); and Severance Gratuity (N6,079,200:00) are paid once in every tenure while Motor Vehicle Loan-(N8,105,600:00) is optional which the beneficiary has to offset before leaving office,”

Mr. Mohammed said. “The payment of Running Cost is not part of  RMAFC mandate, therefore only the NASS can explain it,” he added. The Statement adds that auditing does not fall within the purview of the Commission. Thus, RMAFC also wishes to use this opportunity to state that any other payments enjoyed by any political, or public office holders outside those provided in the Remuneration Act of 2008 is not known to the Commission and the Chief Accounting Officer of the Agencies concerned should explain it.

According to the chairman, Presidential Advisory Committee Against Corruption. Prof. Itse Sagay (SAN) "Both Senate and house of representative leadership should be held for serial monumental fraud. There's no need asking National Assembly Service Commission to justify or explain modus operandi of the fraud Prof. Sagay said.

Left to see if there could be more revelations and anomalies indicating a clear act of fraud order than the initial statement of Senator Shehu Sani.

https://financengr.com/2018/03/29/n13-5m-running-cost-leadership-of-national-assembly-should-be-held-for-fraud-prof-itse-sagay-san/

War against corruption: N2.4bn recovered from ex-chief of Air Staff, Marshall Adesola Amosu

The Economic and Financial Crimes commission (EFCC) has intensified its’ fight against corruption and embezzlement of public funds by political and public office holders. According to its’ briefing to Justice Mohammed Idris of the Federal High Court Lagos, the sum of N2.5 billion and $115,000 have been recovered from the former Chief of Air Staff, Air Vice Marshall Adesola Amosu rtd.

N383 million was as well recovered from his wife.

In the heat of the on going trial of Amosu over alleged N22.8 billion fraud. It could be recalled the former Chief of Air Staff had been arraigned in June 29, 2016 alongside Air Vice Marshall Jacob Bola Adigun, Air Vice Commodore Gbadebo Owodunni Olugbenga and other companies.

Included in the ongoing charges are: Delfina Oil and Gas Ltd, Mcallan Oil and Gas Ltd, Hebron Housing and Properties Company Ltd. Trapezides BDC, Fonds and Pricey Ltd, Deegee Oil and Gas Ltd, Timsegg Investment Ltd, and Solomon Health Care.

According to a confirmatory statement “About N100 million was recovered from the third defendant, Air Commodore Gbadebo. The funds were also left over in St. Solomon’s bank account, recovered through the first defendant’s wife. About N383 million was recovered through the first defendant’s wife.

Amosu also refunded two bank drafts of N2.4bn in our Lagos and Abuja offices. We also recovered $115,000 In one of the first defendant’s residences. Various landed property and buildings were recovered from the second defendant.”

Among the recovered vehicles include a bulletproof Lexus LX570, a bullet proof Land Cruiser Sports Utility Vehicle  and a Toyota Avalon.  The matter has however been adjourned to April 18.

Some of the counts against the accused persons read as thus: “That you, Air Marshal Adesola Amosu Nunayon (Rtd), Air Vice Marshal Jacob Bola Adigun, Air Commodore Gbadebo Owodunni Olugbenga, Delfina Oil and Gas Ltd, Mcallan Oil and Gas Ltd., Hebron Housing and Properties Company Ltd., Trapezites Bdc, Fonds and Pricey Ltd., Deegee Oil and Gas Ltd., Timsegg Investment Ltd. and Solomon Health Care Ltd., on or about the 5th day of March, 2014 in Lagos, within the jurisdiction of this honourable court, conspired amongst yourselves to commit an offence, to wit: Conversion of the sum of N21,467,634,707.43, property of the Nigerian Air Force, which sum was derived from stealing.

“That you, Air Marshal Adesola Amosu Nunayon (rtd), Air Vice Marshal Jacob Bola Adigun, Air Commodore Gbadebo Owodunni Olugbenga, Delfina Oil and Gas Ltd., Mcallan Oil and Gas Ltd., Hebron Housing and Properties Company Ltd., Trapezites BDC, Fonds and Pricey Ltd., Deegee Oil and Gas Ltd., Timsegg Investment Ltd. and Solomon Health Care Ltd. between the 23rd and 24th day of September, 2014 in Lagos, within the jurisdiction of this honourable court, indirectly converted the sum of N976 million, property of the Nigerian Air Force.”

The heat is on, Nigeria is winning the war.

https://financengr.com/2018/03/28/war-against-corruption-n2-4bn-recovered-from-ex-chief-of-air-staff-marshall-adesola-amosu/

Cheap ways to send money abroad from Nigeria in ten minutes. International money transfer activity is persistently on the raise, thus the need to address the issue of people sending money abroad for business, education, up-keep, medical bills etc.

You will have to read this article with keen interest as every step will serve as useful guide that will probably reveal ways to send money abroad, for whatever purpose.



There are basically two aspects of outbound transfers to be featured in this article, namely: MoneyGram and Western Union outbound transfers.

Do yourself a favor to get acquainted with the word outbound transfers as you will get to hear them more often at the agent location while trying to send money.



Outbound are transfers going outside the shores of your resident country or ways to send money abroad, example sending money from Nigeria to China or India as the case may be. In my previous post I discussed ways to receive money transfer in Nigeria, this is however a reverse situation.



MONEYGRAM INTERNATIONAL TRANSFERS:

MoneyGram has a root back to 1940, with the founding of Minneapolis based Travelers Express Co,. Inc. It’s one of the second largest money transfer company in the world with $1.45b in annual revenues.

MoneyGram now offers services at approximately 350,000 agent locations in more than 200 countries, and has an aggressive expansion plan that includes 15 to 20 percent of money transfer revenue, from self- service channels, including online, mobile, account deposit, ATMs, and kiosks. This is being adopted to enable seamless and stress free means to access MoneyGram as ways to send money abroad.



REQUIREMENTS FOR MONEYGRAM OUTBOUND TRANSFERS

To send MoneyGram outbound you are expected to meet some requirements as will be demanded from you by the MoneyGram agents which supposedly are commercial banks in Nigeria.

A) You must be an account holder with the bank as this transaction is no longer accessible across the counter for walk in customers.



B) You will have to provide a verifiable and valid primary ID card which include the following: Valid International Passport, valid Drivers’ license, permanent voters’ card (PVC) the plastic category, national ID card or NIMS and the Bank verification number (BVN). The BVN must be verified on the bank’s data base and must contain the senders’ image. The good news is that of all the ID cards, BVN is now the only acceptable ID to access both inbound and outbound MoneyGram transfers. As directed by CBN in February 2018.



C) Your account must be funded with the proposed amount to be transferred.



D) You will need to make available the name of the beneficiary overseas. Additionally, it’s expected that you write the name of the beneficiary as it’s being contained in his/her ID. The first name must not be interchanged with the column for last name, this should be strictly observed while filing the MoneyGram outbound form otherwise the beneficiary will not be able to access the money.



That being said, it’s always advisable the receiver sends you a whatsapp shot of the ID card or write it in details via text message.

On checking and confirming that you met the above requirements, the (MTO) Money Transfer Officer of the bank will go ahead to issue you a MoneyGram outbound transfer form, which you are expected to fill without alterations. On completion you will return same to the officer who will then process the transaction.



WHAT YOU ARE REQUIRED TO COLLECT FROM THE PROCESSING OFFICER

MoneyGram outbound transaction having being treated, you are expected to collect the followings from the officer: Customers copy of the MoneyGram outbound transaction treated. This copy contains information you will have to send across to the receiver overseas to enable him/her access the money at the agent location.



You will have to send the following information to the beneficiary: The sender name as contained on your customer copy, the reference number which should be eight digits and the amount being sent. With that, your beneficiary will receive the money and start spending for whatever purpose.



RULES GUIDING MONEYGRAM OUTBOUND TRANSFERS

You are however, expected to be guided by the following rules if you must use MoneyGram service as one of the ways to send money abroad.



1 You must not use MoneyGram service for more than three times in a quarter, and your beneficiary must not receive same for more than three times in same quarter. This rule was instituted as one of the various means to checkmate excess funds leaving the shores of Nigeria, as well receiving countries adopted it to enhance security as well prevent abuse of the money transfer process.



2 Errors in names must be strictly avoided. You must write the beneficiaries name as it’s being contained in his/her ID card, otherwise they will be turned down at the agent location.



3 The validity period of MoneyGram outbound transfers is 90 days, after which the transaction will not be available for pick-up, you may then have to apply for cancellation and recall.



4 You are at liberty to send a maximum of $1000 per transaction.



Sometimes MoneyGram may not pay your beneficiary on the ground that they are not comfortable with the transaction, you don’t need to lose your head. Simply put a call across to them demanding to have your money back. Here’s the line to call +17203625024.



They will cancel the transaction then send you a new reference number, you will kindly walk into agent location or the bank you sent the money from, present the reference number and your ID card to the officer who will process the refund and credit your account with the same amount. MoneyGram is one of the available ways you can send money abroad very easy, cheap, reliable and your beneficiary will receive the money in ten minutes.



WESTERN UNION OUTBOUND TRANSFERS:

This is one of the ways you can send money abroad, another platform which provides outbound services in Nigeria just like MoneyGram.



The history of Western Union dated back to 1851, at first they deal with services of relaying messages, but now provides one of the most effective and efficient money transfer services in the whole wide world.

Western Union has a huge wide agents more than 245,000 around the world, and are visible in over 200 countries.



They are one of the leading brands and one of the most reliable, effective and efficient money transfer service providers. Their service and reputation has stood the test of time. They have a revenue of over $4billion.



You can send money through Western Union the same way you learnt from MoneyGram above, they have same operational process, the rules and dynamics are the same. The money can be received in ten minutes after processing as well. The only difference is that you will have to access western Union with other primary ID cards mentioned above, while MoneyGram can only be accessed with BVN as an ID card. These are two cheapest ways to send money abroad apart from others.

Is this helpful, feel free to use the comment box below for your questions for clarity where in doubt. Kindly help share this Post as well.

https://financengr.com/2018/03/27/cheap-ways-to-send-money-abroad-from-nigeria/

N150 billion shared in 2015: You are a liar, publish facts -GEJ tells Osinbanjo. Former President Good luck Jonathan has responded to claims by the vice President Professor Yemi Osinbanjo attributing his government to had shared N150 billion few weeks to the 2015 election.

The vice President stressed this at the 7th Presidential Quarterly Business Forum organized for private sector stakeholders at the conference centre Old banquet Hall, Presidential Villa, Abuja on Monday.

Pointing that the oil price in the international market was on average of $110 per barrel against the situation when they took over in 2015.

In his statement, "No body should talk about the economy when you have this kind of huge leakages and huge correction that completely makes none sense of even what you are allocating to capital projects.

" We saw from the presentation of Minister of Finance that N14 billion was spent on agriculture in 2014, transportation N15 billion, so the total spent on infrastructure in those three years was N153 billion and in two weeks before election N150 billion was essentially shared.

"So if your total infrastructure spending is N153 billion and you can share N150 billion, that's completely incredible. That sort if thing doesn't happen anywhere else in the world. And we are talking about the economy, we must simply understand that it is the problem.

The former President responding through his former media aide, Reno Omokri, in a statement on Friday noted that Yemi Osinbanjo being a Professor of law ought to know that you should be able to proof when alleged to be taken seriously.

" My attention has been drawn to rehashed lies in the media by the vice President Professor Yemi Oainbanjo, against the person of the former President, Jonathan.

"On this most recently allegation by vice President Yemi Osinbanjo, let me categorically state that former President Good luck Jonathan did not share N150 billion two weeks to the 2015 election, if Professor Osinbanjo has proof that former President Jonathan did so, then we challenge him to publish his proof. He is a professor of law and ought to know that he who alleges must prove."

The vice President is incapable of telling the truth in matters relating to the former President.

"Only in October 20, 2017, vice President was in Anambra state, where he said that the present administration had paid $2 billion for second Niger Bridge.

" I personally exposed that lie and forced the presidency to issue a clarification. The money was N2 billion and it came from the Sovereign wealth Fund set up by Jonathan administration which the APC resisted and challenged in court.

"Even after Jonathan left office, it is still monies that he left behind that Buhari administration is using . It will also be recalled that February 2016, the vice president again lied when he claimed that both the Jonathan and Yar' Adua government did not build a single road.

" This fact was disproved when even members of this administration including  Osibanjo's boss, President Buhari began commissioning projects, including roads built by the Jonathan administration.

"Some of the roads either built or rebuilt by Jonathan administration include: The Benin Ore portions of the Benin - Lagos Roads, the Vom - Manchok Road, the Kano - Zaria Road Bridge named after late Emir Ado Bayero and many more.

It's then left to see if the vice President Yemi Osinbanjo will publish the fact to at least clear the air.



https://financengr.com/2018/03/25/n150-billion-shared-in-2015-you-are-a-liar-publish-facts-gej-tells-osinbanjo/

Here's an opportunity for bloggers who are knowledgeable in football, can write compelling blog post to partner and work with a popular football blog in Nigeria.

We are poised to move football broadcast to a different dimension. Kindly contact me on Whatsapp through 07034847816

you can have a look at the site www.skyesoccer.com

Nigeria Economic Growth Outlook Positive

The Nigeria minister of finance Kemi Adesoun on Tuesday disclosed that the Nigeria economic growth and outlook for the year 2018 is very positive even for the years ahead.

According the Minister, she stressed that the country is becoming stronger after recession that rocked its economic boat likewise now have the potential to achieve seven percent economic advancement In the next two to three years ahead.

She made this briefing at the 4th Ogun State Investors forum attended by the Vice President Yemi Osinbanjo, Ogun State Governor, Senator Ibikunle Amosun, former President of Mexico, Felipe Calderone, and dignitaries as well Captains of Industries across the country.

Adesoun claimed that the current administration has succeeded in building macroeconomic resilience for the country, especially revisiting the funding mix, rebuilding fiscal buffers, enhancing foreign exchange reserves with an eye on import substitution strategies to further encourage Nigeria economic growth.

According to her “President Muhammadu Buhari has laid the foundation for repositioning of the economy with various reforms which are being sequenced to ensure maximum impact and benefits to Nigeria and the citizens.”



“These include massive investments in infrastructure and social welfare across the country, improved revenue mobilization, rebuilding of foreign reserves and stabilization of exchange rate.”



The nation’s economy had returned to the right path in growth towards the second quarter of 2017 after five successive quarters of negative index.



Nigeria exited recession with a growth of 0.72 percent, to further extend to 1.40 percent and 1.92 percent in the third and fourth quarters of last year respectively. Which indicates Nigeria economic growth in a desired direction.



According to the Minister, the quick reversal of event of the recession indicates “Less damage” was done to the economy and provided an opportunity for faster and positive growth in recovery process. Having seen revenue and growth in the right path, Adesoun said the government will increase the fiscal space for infrastructures and spending as well in the right direction.



She continued “Revenue mobilization is usually the master key to unlocking Nigeria economic growth, huge potential and funding the infrastructure programmes.

“The federal government in its capacity will not relent in creating more fiscal space for reforms and enhance productivity and opportunity in non-oil sector.

“Greater focus will as well be placed on cost efficiency, blocking revenue leakages and continued support to states.”



Recalling the actions taken by the administration on assumption of office in May 2015, the Minister said it had two options of “balancing our books by cutting down on expenses and also investing in infrastructure and the economy.”



“If we had gone for the first option of cutting down our costs, it means we would have laid off workers. But we chose to stimulate the economy with massive investments in roads, power, rails and other infrastructures as part of deliberate efforts to grow the economy.



“We have invested over N2.5 trillion in infrastructure, especially on capital projects between 2015 and 2017. If you move round the country, you will see on going works in roads, power, bridges, rails and other projects. These are important building blocks for the Nigerian economy.



“Look at the road sector when we came in, it was N19 billion that was invested in the sector in 2015. We invested N307.4 billion on roads in 2016 and N208 billion in 2017.



“Capital spending for transport sector has also been remarkable. It was N6.49 billion in 2015, N143.1 billion in 2016 and N133.9 billion in 2017. From where we are coming from, it is a huge chunk, taking it from N6 billion to N133 billion. And there are so many other projects and sectors like that, the Minister stressed.

Giving his address at the investors forum, with a theme ‘Consolidating the Gains and Accelerating Growth, Governor Ibikunle  highlights that the state attracted 148 new industries that invested between a minimum of $200 million and I excess of $2 billion in the past seven years. The State government had improved the enabling environment for business growth in the State.



According to him “No investment can flourish in an insecure environment. We made significant investments in our security infrastructure and architecture, and built strong collaborations with the security services, so as to guarantee the security of lives and property.



The governor also disclosed that the state government has entered into partnership with a private firm to develop the Lisabi Independent Power Project in Abeokuta.

“The 12 megawatts power plant has been concluded and is ready for commissioning. We have also signed MoUs with eight private power providers for the establishment of total of 314 megawatts IPP in different parts of our State.



Governor Ibikunle assured existing and intending investors of safety of their investments in the state, adding that improved approaches have been adopted by the state government to consolidate the efforts and gains of the previous years in business which will continue to stimulate the Nigeria economic growth, positively.

 
https://financengr.com/2018/03/21/nigeria-economic-growth-outlook-positive/

Paris Club refund: States shared N1.9 trillion to cushion effect

In line with the excess Paris Club fund to Nigeria by the lender club, the federal government has shared N1.9 trillion amongst the 36 states of the federation to assist in undertaking their financial responsibilities and challenges as observed in recent time, especially to pay workers in the states , Vice President Yemi Osinbanjo reveals this yesterday in Ogun state.

According to the Vice President, when they assume leadership in 2015, 26 states of the 36 states of the federation were not up and doing in their wage and salary obligations to workers.

He said "The budget support facility to states has gone a long way to cushioning the shock experienced by the federating units which resulted from the sharp drop in prices of crude oil in 2016.

" So our support to states has remained unprecedented in the history of administration in Nigeria, thus why states shared  N1.9 trillion from the Paris Club refund ." He said.

Osinbanjo speaking in Abeokuta yesterday in the Ogun Investors Forum with theme: "Consolidating Gains And Accelerating Growth."

He said that Muhammad Buhari led government had continued to extend equal and unbiased  support to states, regardless of party Inclinations.

"We have been sensitive, attentive and responsive to their needs while our programmes and policies have been developed with States in mind.

" The anchor borrowers programme has continued to provide cheap credit to small holders farmers across the nation.

"The President's fertilizer initiative has ensured that farmers across Nigeria have direct access to fertilizer. We have as well continued to feed about seven million primary school pupils in 21 states of the country," he claimed.

He also stressed that the current government has been able to combat corruption in Nigeria against what it use to be in 2014. They have continued to block leakages and increased funding of agriculture and transportation which significantly has grown by 400 percent.

External reserves are in best shape in fives years, while inflation has dropped for 13 consecutive months. The Paris Club refund is the excess in remittance Nigeria made for repayment of facility.



https://financengr.com/2018/03/21/paris-club-refund-states-shared-n1-9-trillion-to-cushion-effect/

Ejiadepeps:
Can't B.Sc appy?

As a B.sc holder, you may have to apply as a professional staff through the Bank's career portal. You can as well apply for other job openings with the outsourcing firms, but not bank teller. They will offer you one if you meet their requirements. Besides age barrier does not stand for other industries like in banking, you have to apply but not as a bank teller. Hope that helps?

phemsie:
If only it is as easy as you said it so many ppl won't be jobless.

There's no free launch anywhere, not even in free town. As difficult as it seems people are getting recruited on a monthly basis. So it's about mind set, not just a wish, but how far have you worked towards landing a job.

You should get yourself ready and available for job opportunity. It has worked for many, just be optimistic and get yourself prepared. There's no rocket science bro.

See How You Can Get A Bank Teller Job Anywhere In Nigeria
The needs and importance of job amongst graduates and school leavers cannot be over emphasized. Generally in this part of the world specifically Nigeria, people go to school for the soul aim of making and graduating with good grades so as to guarantee a good job afterwards, to at least put food on ones table, take care of dependent relatives, improve and enhance living standard as well save for the rainy days.
 
 
Banks being one of the largest employers of labor, the quest and rate at which people tend source bank teller job in Nigeria is on the rise.
The said job however has continued to be in limited supply, harsh economic realities and government policies are beginning to affect banks which in turn stiffens the availability of these jobs further. This has been against the back drop of time when banks go to various tertiary institutions to conduct test for students, pick the best then offer automatic employment.
For the interest of those who may be hearing this for the first time, I deem it pertinent and necessary to explain key terms as I take you into this great journey of discovery that will apparently improve your job haunting as well position you for a better opportunity.
 
 
 
Who is a bank teller? This is an employee of the bank who deals directly with customers, they are normally the frontline associates you meet, in fact they are the first people you interface with in the bank. They include: The customer service officers, the cashiers who receive deposits and pay withdrawals and so on.
 
 
 
”WHAT IS THE JOB DESCRIPTION/FUNCTION OF A BANK TELLER”: Truth be told, these set of bank employee are the back bones of the bank, in the sense that they do variety of works even far hectic and overwhelming. Their job functions include
 
. Interacting with customers, to provide information about the customer’s account and the bank products. Answering questions in person or through telephone calls
 
 
. Cheque cashing i.e they pay your cheque
 
 
. Receive customer’s deposits
 
 
. Transfer I.e they transfer customer’s money which could be local or international money transfer, as well pay your inbound money transfers which could involve Western Union, Money Gram, Ria, Small world, Transfast etc
 
 
. They cross sell and promote the banks product, you get to hear about most bank latest products/inventions through these Tellers.
 
 
. Resolving customer issues and proffering solutions to problems.That being said, however it does not stop at that. The next question you should ask is





“WHAT SKILLS DO I NEED TO BE A BANK TELLER IN NIGERIA?”:



1 You need to be customer centric: This simply interprets that you must have love for your customers, being able to attend to them with a smiling face genuinely not pretentiously at all times under every situation is an obligation you are required to live up to. The bank believe so much in their customers and as such will not tolerate any shortfalls on your path towards service delivery, and truth be told you are the brand ambassador. In fact the bank will rather have you lose your job than lose a single customer. There’s no second chance to correct the first impression, you are required to get it right the first time, as such you must be at your best at all time, pay attention to the immediate needs of the customer while being able to prevent fraud that may arise as a result of such transaction.





2 Good and sound analytic ability, you are required to have good knowledge of basic mathematics as your daily task will be centered around calculations, addition, subtraction , division and multiplication of numbers to get desired result. Your duty involves counting and handling large amount of money, when a customer wants to make withdrawal you should be able to ascertain and calculate accurately to avoid over payment as well should able to count customer’s deposits and ensure its completeness before posting same otherwise you will end up paying for shortages, it’s therefore imperative to improve your analytic ability before you consider picking up a bank teller job.





3 You must have sound knowledge of computer, gone are the days banking is being carried out on note books or ledger. You must appreciate to understand the fact that 98% of your routine daily tasks are computer based. You will need to provide customer account balance, check customer’s relative financial information, reading and sending office e-mails, responding to enquiries, posting deposits, sending reports, ATM GL reconciliation, paying withdrawals, filing and retrieving records etc to mention just a few.





4 You must be tolerant and patient, to get a bank teller job your ability to tolerate customers from all walks of life brand you a service champion. It has been observed that most tellers lack categorically this virtue and at some points leads many tellers to losing their job. Some customers are can be very annoying and rude, their arrival gestures alone can put you off your senses, but it’s not about you, it’s about the brand you are representing, it’s about the product under your custody and you are expected to swallow hook line and sinker. If a customer insults or engage you in words it is expected that you show high level of discipline in anger management, it’s not easy as it sounds but do all you can if possible pretentiously smile and pacify the customer. That way, you can win the customer politely and they could apologize thereafter for their misconducts.





5 You are expected to empathize with customers when they come laying their complains, allow the customer to say it all and do not stop or interrupt them, give a listening ear to capture and understand what they are trying to say to avoid asking questions that could seem embarrassing to the customer yet an indicator that you weren’t listening while he/she was laying complain. That could lead to lose of confidence, empathy is a skill in bank teller job you must have. You must start by rendering apology no matter whose fault it is, put yourself in customer shoes that way you will meet their needs.





6 Communication, Tellers must have good writing, speaking and listening skills. You must have great communication skill to apply for bank teller job. You should be able to speak fluently as majority of the customers are well schooled and highly intelligent. Like I said earlier, you are the brand ambassador and high level of expectations befall on you. You’ve got to speak good English free of grammatical blunders if the customers must take you and the bank seriously at every point of business especially at the customer service point. It’s generally a heinous crime to fall short of this expectation. You should be able to write in clear and error free terms to convey your information accurately to every department concerned. A good listening skill is an added advantage having being stressed above for a bank teller job.





WHAT ARE THE ACCADEMIC QUALIFICATIONS REQUIRED FOR BANK TELLER JOB?:
Like any other job, it’s expected that you must have gone through school with at least a minimum qualification of (OND) Ordinary National Diploma obtained from Polytechnics. Some banks will consider (NCE) National Certificate for Education usually obtained from a colleges of Education. (HND) Higher National Diploma as well. But the most salable is the OND of which the reason is an open secret, It’s no longer a news that Banks are in search of cheap labor putting the harsh economic stand into consideration. You will agree with me they use Polytechnic products more than University, the reason is this: Bank teller job is a contract job outsourced to recruiting firms, you are being recruited by these firms then seconded to the designated bank, it simply means you are not a full staff of the Bank I don’t mean to discourage you at this point but to put a record straight.





Consequently some banks no longer employ OND holders, they now have a minimum of HND e.g Guarantee Trust Bank and Access Bank others will soon join. As a matter of fact Their HND holders have been mandated to get their B.sc certificates within a time frame otherwise risk being relieved of their job. The likes of Skye Bank employ only OND holders in the contract category, your HND is as useless as a fart unless possibly you acquire B.sc at long run to get converted, but how often does that happen. Avoid the temptation of submitting fake result because it won’t favor you one bit





WHERE CAN I SUBMIT MY APPLICATION?
Usually for a bank teller job you do not need to submit your application to the bank or its career portal. Avoid such practice, should anyone receive it from you, it will end up in the waste bin. Like I said initially teller job is a contract one and this you must understand from day one. This job is contracted to outsourcing firms who basically employ you then you get seconded to the bank. And should anything go wrong on the course of your employment, the bank will return you to your employer which supposedly is the outsourcing firm.
You will have to submit your application with any of the following outsourcing firms: ICSL Integrated corporate services Limited, XL Services Limited, VLA, Insourcing Limited, Work Force, SOL etc to mention just a few





ICSL: This is one of the most vibrant outsourcing firm in my list with its head office located at No. 6 Idowu Street, Ilupeju Lagos. They have regional offices in; Asaba Delta State, Portharcourt, Kaduna, Abuja etc. You may contact them on 09087222874 or 01-2801547. General website www.icsoutsourcing.com or job portal www.icsjobportal.com



Note: You must have applied on their website www.icsjobportal.com before you proceed to any of their offices for submission of some necessary documents as may have been advised on the job portal.
Also the maximum age limit for OND holders is 24 years, while they allow 26 and 27 for HND. Your result as well must not be more than five years from the day of your application. The age limit varies amongst bank requirements.





Work Force: Phone 01-279-8941, 01-279-8942, 081-68287195 email: info@workforceoutsource.com. You may have to find out about the rest.





After interview and recruitment successful candidates are required to provide at least 3 guarantors in various capacity as mentioned by the outsourcing firm. It is however in your best interest not to play a fast one by providing people who are not suitable as required by the firm as guarantors because they will investigate your guarantors irrespective of their destination. They spend a lot of money to do this by sending out their field staff to confirm if these guarantors are genuine again if they actually in their consent signed the said form for you. Getting these guarantors to sign is not always easy as they must be people who trust and believe in your integrity, conditions contained in the forms are really scary. Do not be offended if your supposed guarantor turn you down.



You are required to go through medical to ascertain your fitness as the job you are about take is a highly demanding one which you must be ready to accomplish at all time. Then your offer Letter will be issued to you in good faith while you sign acknowledgement, at this point you must be very happy to have gotten a job with benefit, but there’s a huge task ahead accompanied with your new job.





HOW MUCH IS MY SALARY?
The salary scale within this category is about 50,00 to 70,000 for OND, depending on the bank, while HND is 80,000 to 100,000 and so on depending on the bank seconded to.





CONCLUSION
That being said however there are do and don’t surrounding your job. You are expected to display high level of integrity on this job, handling people’s money doing bank teller job is not an easy one, you are not expected to steal, you must declare overages and shortages that occurred on the course of your daily duty. Do not pilfer notes from packs if you are being caught the punishment is summary dismissal. You had better treat that money as paper else you will be on your fast lane out of the job. Congratulations in advance.

Hope this is really helpful for all who want to pick a bank teller job. Kindly help share this article.

 https://financengr.com/2018/03/20/see-how-you-can-get-a-bank-teller-job-anywhere-in-nigeria/

If I must advise you, then it should be to concentrate on providing values to your readers as doing that will result to huge traffic at long run.
Then you can start thinking of how to monetize your blog to get compensation for your effort.

Earning before providing value is virtually why upcoming bloggers fail and probably back out at shot run.

All the best.

How To Process Form M For Importation In Nigeria. Form M is a statutory document to be completed by all importers for importation of goods and services In Nigeria. It’s therefore mandatory for all importers to complete and register Form M For Importation with Authorized dealers at the time of placing orders, whether the transaction is valid for foreign exchange or not.
 
Form M is currently initiated electronically on the Single Window Trade Portal provided by the Central Bank Of Nigeria in conjunction with the Nigeria Customs Service. The Single Window Platform is an electronic platform for the processing of Form M and related trade transactions, it is managed by Webb Fontaine for the duo of the Nigerian Customs Service (NCS) and Central Bank Of Nigeria (CBN).
The platform has since it’s implementation, witnessed a number of upgrades, the most recent upgrade being the automatic upload of e-certificate issued by other related agency i.e Standard Organization Of Nigeria.

e- Form M- This simply refers to the process of applying for Form M on the Single window Portal provided by the Central Bank Of Nigerian partnership with the Nigeria Customs Service. The responsibility of completing the application on rests with the importer of the goods and not the shipper.

Once the importer through the Bank submits a Form M application on the portal, a set of number called (Form M number) is automatically generated. This is specific for the application and a file must be created for the transaction.

Form M for Importation could be processed as:
. Valid for FOREX: When the importer requests that the FOREX funding for a trade transaction be sourced by the Bank from official window.
. Not valid for FOREX: When the FOREX funding for a trade transaction is sourced outside of the official Window.



BENEFITS OF ELECTRONIC FORM M
. The automation of International Trade Transaction
. Convenience of initiating Trade Transactions by Stakeholders from any location
. It brings all Stakeholders ( Importer, Nigerian Customs Service, Central Bank Of Nigeria) together on single portal
. Ease of confirmation of the status of transaction
. Reduction of turnaround time from importation to clearing stage of all international trade transactions.
However there are steps to be followed when applying for Form M registration, these include:
. Registration of Taxpayer Identification Number (TIN) at Federal Inland Revenue Service (FIRS) offices
. Validation of TIN by the importer with existing TIN at FIRS offices.
. CAC Registration (for companies)
. Logging on to FIRS portal to register as importer.
.Obtained Certificates for Importation of Goods such as regulatory permit.
.Logging on to https://app.trade.gov.ng/formx by customer through the Bank to initiate the e- Form M.



REQUIREMENTS TO INITIATE FORM M
. To initiate an e- Form M, it is statutorily required to provide some documents. Irrespective of the item of import, Insurance certificate and Proforma Invoice must be provided. Other documents are dependent on the regulatory agencies responsible for regulating the item of import, some of which are:
. National Agency for Food and Drug Administration and Control (NAFDAC): for the importation of drugs, food, cosmetics and poultry etc.
. Department Of Petroleum Resources (DPR): for the importation of oil and gas products.
. Nigerian Electricity Regulation Commission (NERC): for importation of power generation equipment e.g generator, transformer etc.
. Federal Fisheries Unit Of Ministry Of Agriculture (Fishery permit): to regulate the importation of seafood.
. Ministry of Defense: Special permit for the importation of explosive products
. National Environmental Standards and Regulations Enforcement Agency (NESREA): All used products
. Standard Organization of Nigeria: for all items of import except food product, drugs, and used items.
. Standard Organization of Nigeria Product Certificate (SONPC): This is a product conformity scheme whose objective is to help ensure that products imported to Nigeria meet minimum safety requirements. All products are regulated under SON with the exception of: Food items, drugs, medical products, chemicals used as raw materials by bonafide manufacturers and, military ware and equipment.



VALIDY OF IMPORT DOCUMENTS
The initial validity period of an approved e-Form M FOR GENERAL MACHANDISE IS 180 DAYS, which may be extended for 180days by the Authorized Dealer Bank.

For Capital goods, the initial validity of an approved e-Form M is 365 days subject to a maximum extension of another 365 days by the bank.

However, any subsequent request for revalidation shall be with the approval of the Central Bank of Nigeria in the two scenarios stated above.

The proforma Invoice (PFI) is valid FOR 90days. Any PFI exceeding 90days will not be accepted by the portal. This will be explained on an upcoming post in this blog

Insurance certificate is valid for 1 year. Any insurance certificate bearing a date beyond this period will be rejected.



COMPLETING THE FORM M
In completing the Form M For Importation, users can access the portal with the link https://app.trade.gov.ng/formx as stated earlier by inputting their username and password, you must however note that there are six active fields to be completed by the user namely:
. Header
. Names and parties
. Transport
. Financials
. Goods
. Attachments



HEADER: VALID FOR FOREX? (Y/N): Users are required to select from the two options
Where “Y” is selected, the payment mode must be either Letter of Credit or Bills for collection
Where “N” is selected, the payment mode must be ‘Not Valid for FOREX’

On July, 2015, the CBN circulated a list of 41 items that can no longer access the official window and now classified as not valid for FOREX. Any application submitted for these items must be supported by document showing the source and evidence of funds.

The following sources are acceptable:
. Inflow from offshore parent company or offshore partner into customer’s Domiciliary account.
. Settlement of beneficiary offshore by relatives or friends (the statement of account of the relative will be required as evidence)



EVIDENCE OF SOURCE FUNDS
. Statement of account showing that the importer’s Domiciliary account is adequately funded.
. Confirmation of receipt of payment by the supplier.
. SWIFT copy evidencing payment by the importer.
Note that the source and evidence are required for the Form M to be approved.



PREFIX: This can either be: ‘BA’ OR ‘CB’:
BA for goods/items that are subject to inspection and insurance of pre- Arrival Assessment Report (PAAR). These are usually new items.
CB for goods/items not subject to inspection. Examples of import items that are CB are: Gas, Oil and Petroleum products etc. CB is exempted from PAAR issuance.
Note: Any error on thr Prefix after the registration of the Form M renders the form M null and void.



NAMES AND PARTIES: Applicants information on the portal: Importers are required to provide their personal data for the registration of Tax Identification Number (TIN).
If there is a need for amendment relating to TIN, FIRS would have to be involved.
Beneficiary details are inputted based on the information on the Proforma Invoice of the beneficiary and this is transaction specific.
This cannot be amended (either by the bank or CBN) after registration of the Form M For Importation.



TRANSPORT TAB: This refers to mode of transporting the goods from the seller’s/supplier’s country of origin to the applicant’s port of discharge. This could either be sea, Road or Air. The Country of Origin and supply must be well stated on the Proforma Invoice as well as specific port of discharge.
Note that the Nigeria Customs Services office and the port of discharge must be be within the same location e.g. Customs office: TINCAN: port of discharge: TINCAN in that order.



FINANCIAL tab: This shows the overall cost of importation. This cost consists of cost of each item of import (FOB), the freight and the total cost (CFR). The insurance value is the insured sum in the insurance certificate.



PAYMENT MODE: The payment mode and the FOREX status must correspond. For instance when an application is processed valid for FOREX, the corresponding payment mode must be Letters of Credit OR Bills for Collection. An application processed for “Not Valid” must have a corresponding payment mode of “Not Valid”.



GOODS Tab: This is where all the Items are captured based on the Proforma Invoice. It is the total cost of goods in this column that determines the FOB and total cost on the Financial Tab.
Note: The Harmonized System Code (H.S Code) is required for each item of import and this must be provided by the importer. This code must not be accessed by the bank without the importer’s consent for the purpose of Form M For Importation.



AMENDMENT OF FORM M EDITABLE FIELDS
The editable fields after Form M registration are:
1 Header tab a. Valid for Forex (YES/No)
2 Transport tab a. Customs Office b. Mode of Transport c. Country of Supply d. Port of Loading and e. Shipment date.
Other data captured on the Form M (with the exception of beneficiary/applicant details) can only be amended with the approval of CBN.



CONCLUSION: Form M For Importation can be considered as an import License, since it is a mandatory requirement for the importation of goods denominated in foreign currency and from a location outside the shore of Nigeria.
It is however essential that adequate care should be exercised when completing this document to avoid regulatory sanctions and reputational risk.

 https://financengr.com/2018/03/19/how-to-process-form-m-for-importation-in-nigeria/

Federal government back VAIDS in Nigeria. VAIDS was formally launched in Nigeria with the signing of executive order by the Acting President of the Federal republic of Nigeria Professor Yemi Osinbanjo on Thursday 29th June, 2017.
 
VAIDS means Voluntary Asset and Income Declaration Scheme and is said to run for nine months period from July 1, 2017 to March 31, 2018.
This is a scheme inaugurated to enable by the federal government to grant amnesty to tax defaulters, who have evaded tax for selfish reasons.
 
They hereby call on all and sundry to take advantage of this scheme and declare their assets and income for the purpose of genuine and accurate tax remittance.
Since its initial proposition by the Organization for Economic Co-operation and Development (OECD) in 2010, more than 47 countries in the world have implemented the program in one form or the other including South Africa, Indonesia and Turkey, among others etc. Nigeria expect to generate US1 billion from the scheme, NGN20 billion was generated as at February 2018.

 
The aim of VAIDS in Nigeria is to provide taxpayers with a time limited opportunity to regularize their tax status relating to past periods, in terms of registration, returns filing, tax assessment and payment of all taxes due.
It also allows taxpayers to honestly declare their assets and income. They are also expected to pay the tax due in respect of the past six years, either in one lump sum or in installments, over a period of not more than three years as may be agreed with the relevant tax authorities.
 
The scheme is being implemented by Federal Inland Revenue Service (FIRS) in collaboration with the 36 State Internal Revenue Services and the FCT Internal Revenue Services.
Federal and state taxes covered include: Companies Income Tax, Capital Gains Tax, Withholding Tax, Personal Income Tax, Stamp Duties, Value Added Tax, Petroleum Income Tax, Tertiary Education Tax and NITDA levy.
 
INCENTIVES; Taxpayers who take advantage of VAIDS in Nigeria to make full and honest declaration of their assets and income will enjoy the following;
 
. Waiver of penalties and interest on taxes due
 
. Immunity from criminal prosecution for tax offences
 
. Confidentiality of information supplied
 
. Exclusion from tax audit/investigation relating to the period covered by the declaration
 
. Negotiable instalment payment for the outstanding tax liability up to a maximum period of three years.
 
. Opportunity to regularize ownership of assets/ investments owned via proxy i.e tax payers will be able to transfer assets that they had previously held by nominees into their own name, rather than lose the assets in the course of trying to conceal them from the authorities.
 
CONSEQUENCES OF NON-DECLARATION
 
. Taxpayers who fail to participate in the scheme will be investigated and if found culpable, will be subject to criminal prosecution.
 
. A “name and shame “ list of tax evaders will be published.
. May forfeit assets both locally and overseas.TARGET FOCUS
VAIDS in Nigeria is still open to all individuals and corporates who are in default on their tax liabilities.
The Scheme is specifically targeted at persons or entities who:
. Have not been fully declaring their taxable income/assets

. Have not been paying the tax due at all

. Have been underpaying or under remitting

VAIDS in Nigeria will focus on the following;

. Full time employees with multiple income sources

. Companies with understated revenues

. Use of offshore tax shelters uncovered

. Persons with lifestyle inconsistent with payments

. Entertainers

. High net worth families with complex tax situation

. Retirees with unexplained assets.

RELEVANT AUTHORTIES GET THEIR DATA FROM THE FOLLOWING SOURCES:

. Bank verification records (BVN)

. Engagement of the World’s leading private investigation firms

.Nigeria financial intelligent unit (NFIU) records

. Review of ownership of prime properties within Nigeria

. Review of land allocation and land ownership in selected high value areas

. Review of major payments made by the federal government of Nigeria

. Foreign exchange allocation returns and Bureau De change (BDC) information

. Beneficial ownership records

. Information provided by foreign governments.

. Foreign account tax compliance Act (FACTA) information.

. Review of corporate Affairs commission (CAC) records

.Review of central securities clearing system (CSCS) share ownership records

.Review of panama papers/ Wikileaks records.

WHY VAIDS in Nigeria?
. According to the Joint Tax Board (JTB), as at May 2017 the total number of taxpayers in Nigeria is 14 million out of an estimated 69.9 million (about 201%) who are economically active.

.Nigeria’s low tax revenues are at variance with the lifestyles of a large number its people and with value of assets known to be owned by Nigerians resident around the world.

. Despite having some of the most profitable and well capitalized companies in Africa, the level of tax remittance is low.

Government has decided to take the pragmatic approach of offering an amnesty window to allow Nigerians, who may have evaded tax, whether ignorantly or deliberately, the opportunity to their civil duty and pay the appropriate taxes whilst providing much needed revenue for infrastructure and development.

 
https://financengr.com/2018/03/16/federal-government-back-vaids-in-nigeria/

Yungwizzzy28:
Never knew the BVN part. So i can start billing clients now right?

BVN is duly approved as a means of Identification provided the paying bank can verify it in it's BVN data base, print and attach same which must contain the customers's image. It as well goes as back up when the customer does not have account with the bank.

However for Money Gram transactions, you can not receive with any other Id apart from BVN.

NB: Acustomer not having account with the bank can not stop him/her from accessing Western Union, Money Gram, Transfast and small world. Only Ria defies this opportunity.

5 reliable ways to receive money in Nigeria

If you have been wondering how to receive money from loved ones abroad, you may have to search no more, read carefully through this post to the later. The practice of sending money through online means from one location to the other is called money transfer. For the purpose of this post money transfer will appear repeatedly as it explains how you can receive money in Nigeria from abroad be it the U.S, UK, Canada e.t.c

Immigration from Africa to Europe, America and other parts of the world has proved a common phenomenal. Africans leave the sub saran in search of greener pastures which the crazy exchange rate has only encouraged even the more. When the hard currency is being made the resultant effect is to send it back home to undertake projects and set up business as the case may be.

It’s no rocket science to understand that so many individuals who have their loved ones abroad do not know how to receive money from them, thus necessitates ways to receive money in Nigeria. The following are the 5 ways to do this

Western Union– This is a method of money transfer through which you can receive money within ten minutes of being effected by the sender. Western Union is one of the oldest money transfer franchise across various parts of the world.

How it works- The sender walks into any Western Union operator’s shop in his location and provides the following to the agent;

* The cash to be remitted

* Your full name as it’s being contained in your ID card which supposedly should be a primary ID card namely; valid international passport, national ID card/NIMS, valid driver’s license, voter card and lately BVN has been added to this list as an acceptable means of identification in the Nigeria banking system.

* The operator accepts the details from the sender and process same, on successful completion of the transaction, the agent hands in

* The MTCN (money transfer control number) to the sender, the sender then sends the following to the receiver i The MTCN ii The sender name as rightly contained in the transaction iii The sent amount iv Test qiestion and answer where applicable (optional).

The Receiver– On the receipt of the above details, the receiver walks into any commercial bank in Nigeria where this service is being offered. You effect this transaction in bank mostly in Nigeria. Often times they’ll require you open an account with them.

Do not forget to take your ID card along with you as mentioned above. You are required to complete a Western Union form, then hand same over alongside your ID card to the officer who will then process the transaction and pay you the supposed amount thereafter.

Money Gram- This is another platform by which you can receive money in Nigeria within ten minutes. It has the same process as Western Union, has eight reference number while the former has ten digits MTCN. In most banks it could be accessed as a walk in customer. Recently Money Gram International instructed Nigerian Banks through CBN to use BVN only as its means of identification, you can access as much as $5000 through the Money transfer platform.

3 RIA Money- This is third inline amongst ways to receive money in Nigeria. One distinctive nature of this method is that the receiver must be an account holder with the bank to further access the fund, it share same processes with two above.

4 Small World– This franchise can be accessed as a walk in customer upon presentation of verifiable ID card and a duly completed form.

5 Tranfast– This is the latest in town, was launched on the 14th of February 2018. In Nigeria, it as well shares similar characteristics with the four above, ID card, duly completed form are all prerequisites. You can see how easy it’s to receive money in Nigeria.

Have any question? kindly use the comment box below . Is this helpful? Kindly share.

https://financengr.com/2018/03/13/5-reliable-ways-…money-in-nigeria/

See how you can get loan without collateral, there’s a popular parlance that your best business idea cannot make a head way without money, thus another quote that finance is the live wire of every organization.
 
Money has been legally defined as a value generally acceptable by the people in exchange for goods and services, it’s acceptability gives it the power it portrays and everyone wants to be with money and the reason is an open secret; security, ego, status, power and all that. For the purpose of this topic I’m bent on showing you how to get loan without collateral, to enable further pursue your business ideologies, dreams, goals and aspirations.
There are certain questions you will have to ask yourself before ever proceeding for your loan request;
1 How much is my income? Your monthly income to a great extent determines your ability to repay a certain loan, this is an honest truth you must tell yourself to avoid creating more financial tension, stress to your life than you can manage.

2 You consider the loan type; secured or in secured. Preferably we are talking about the in secured aspect of loan, which is the type you can obtain without collateral, while secured loan is strictly with the availability of collateral. One advantage of a secured loan over the other is low interest rate, this is very important factor to put in place in your loan application.
3 Why did you need to borrow? It will be of great interest to define genuinely to yourself why you need to borrow the fund in the first place. For example, you do not borrow money to settle debts, or to pay salary, it will not profit you in any way. It’s advisable you reduce the staff strength than borrow to pay salaries, if you do that you may end up complicating your problem.

4 How much do I really need, since you want to get loan without collateral? This is an important point you will need to digress over and over before your loan application. Remember the higher you receive the higher the interest rate and so on. Don’t go about collecting money you don’t need because you have access to loan, it pains to pay back.

5 Will the money help my business grow? You may ask if there’s any money that will not grow your business, the answer is yes. For example you run a business that requires N1M naira capital support, after every analysis and deductions, you then probably get a loan of N40,000 naira it’s of no use apparently.

6 Is there a fee for accessing the loan? Virtually some of these loans may demand you pay certain amount before you can access them, do your detailed investigation properly before you commence the process.

7 How long do I have to pay back the loan? Do understand the tenure of the loan you intend to collect, will the time frame serve your purpose, the longer the tenure the higher the interest rate and viz versa, the shorter the period the higher your monthly repayment.

8 At what rate do I have to pay back the facility? You must weigh the rate at which you will pay back the loan, your income and expenditure will be an ideal parameter to measure this.

9 If I die how will the loan be repaid? This is one difficult question borrowers find difficult to answer at some points deem it irrelevant. Don’t create loans your family cannot pay back if you eventually die because they must pay back.

All of the above being duly considered, you can then access your instant loan in Nigeria without collateral through the following;

1 Microfinance Bank- This is a financial institution that offers loans, savings and insurance to entrepreneurs and small business owners who do not have access to the traditional sources of capital, like banks or investors. It’s goals is to help people like you with money to invest in their business. To get facility from a Microfinance bank you may have to practice and maintain a savings culture with them over the space of time before you can be eligible for loan grant. Their loan repayment rate is fairer than that of the commercial banks, besides you do not need collateral to access it.

Bank of industry- This is the Nigeria’s oldest , largest and most successful development financing institution. This bank was reconstructed in 2001 out of Nigerian industrial development bank limited, this bank was transformed into an effective, focused and profitable institution that’s well placed effectively to carry out it’s primary mandate of providing long term financing to the industrial sectors.

Bank of industry is normally beneficial to existing industries. Small businesses who seek to get loan without collateral for the purpose of expanding and further enhancing their businesses which should had been up and running need apply for this facility. Before applying for BOI loan you should meet the following criteria
I Capacity to substantially add to industry output
Ii You should be involved in projects that use largely domestic raw materials

Iii Ability to promote the expansion of exports through the production of high quality products that are attractive to the domestic and export markets.

Iv Entrepreneur with high employment generation capacity.

V The project must be technically visible, commercially viable and economically friendly

Vi Enterprises promoted by women entrepreneur

Vii Agro industries, textile and leather

Viii Information communication technology. You may contact them through their website www.boinigeria.com

3 One finance; Formaly known as one credit. This is a loan scheme that serves specifically the workforce or employees. It provides facility to basically salary earners. A sizable portion of Nigerian workforce is often denied access to credit by traditional financial institutions, therefore stands that you can get loan without collateral on one finance if you are a salary earner to execute your project. An average Nigerian is unable to satisfy emergency cash needs as they arise, realizing this gap one finance is providing loan to suit this aim. The loan repayment cycle is basically between 3-12 months ranging from N40, 000 to N1.2m naira depending on your monthly salary. They have their offices in Lagos, Calabar and Ibadan for now with plans to extend to other parts of the country, they have a favorable rate , you may reach them through www.onefi.co Can as well download their pay later app to access the platform.

4 Work place group contribution; This has proved to be Nigeria’s best and fast loan scheme. This category of loan is sourced in your work place. Could involve 12 people who contribute N40,000 each at the end of every month depending on the pay day, the money realized will be handed over to one person. Mathematically 12 people contributing N40,000 each= 12*40,000= N480,000. Thus the beneficiary goes home with N480,000 to meet his financial needs. This is one of the easiest ways to get loan without collateral, you are however expected to contribute for another member subsequently.

5 Social club contributions; You must agree that it’s almost impossible to venture to source a bank loan without collateral in Nigeria, hence social clubs had provided thriving grounds for easy and safer loan without collateral. Some times this collective contributions are used to finance business which in turn yield profit for the club as well shared at the end of the year. Loan granted to members do not attract interest mostly.

6 Funds from close relatives and friends. You could most times be able to get money to finance your business through friends and relatives without collateral. You could get people to partner with your ideas and fund it to kick off, but your ideas must be realistic, smart, achievable within a time frame to win partnership or easy funding, you should be able to sound convincing otherwise no one will buy into your idea.

Conclusion; Weigh the aims and objectives of your loan application, there should be a genuine business plan in place and that must meet ethical standard you set, should as well be clearly spelt while it meets the needs of it’s funding. Do not use money meant for funding your business ideas for luxury and show off. Finally trust you are happy to know you can now access loan without collateral in Nigeria. If you find this article interesting, kindly share it.



 https://financengr.com/2018/03/15/see-how-you-can-get-loan-without-collateral/

marooh:
Am blogger for a year now!
Last month I saw notification at my google adsense dashboard about the address confirmation...
I waited for a month now and I haven't received it...

Although I reapply for the second chance but am afraid because they only give 4 chances

Please did anyone know the courier google are using to send mail to nigeria so I can track it?

Hopping to get help from you

Thanks

If it couldn't arrive at your specified address, kindly visit the post office in town.
I had similar issue prior now. My address confirmation was sent in Nov 28 last year. I waited to no avail it then occured to me to check the post office in town, on arrival I made my enquiry I was however treated with reckless abandon. I requested for their received mails but they won't bulge.

In the end I left so frustrated. What baffles me is why this package should not be remitted to my office which I used as my address a very popular commercial bank in town. Few days later a lady came to my office looking for Raphael as contained on the package. I then asked where she's coming from? She said 'the post office.' I took a breath of relief knowing what could be in stock for me. Then I was as good as my guess. I received my address confirmation code. Then I CHECKED, my package arrived on 16th of Dec 2017 in the same post office but I finally received it in February.
So you just have to check, even beyond your area.

femo122:
Always use foriegn host. Betahost abi kanohost are very Good in fustrating there client I left them since 2016 for same reasons

My brother, from site not loading well at some points go offline to suspension. What even pained me the most is how they treat me with reckless abandon as if I'm the one attacking my site. Giving keen consideration to your advise. My traffic has dropped geometrically to alarming rate. The so called cloud flare will load eternity before a visitor could access the sight, what a bull crap.

Sanchez01:
This is not a theme issue. Most likely brute force hackers. The issue here could be that his site offers readers or users to login and that might give hackers some leverage.

Donraqh, you might need to change your backend address from the regular 'wp-admin' with the help of a plugins which would modify some PHP scripts. Also you might need to properly set up your site's firewall and block some IPs that roam 'forbidden' areas. Again, limiting login attempts would do you a whole lot of good.

Thank you very much bro, this is insightful. Most probably my ideal!

3html:
Why not change your theme


Get a clean simple theme not heavy ones

Thank you very much for your concern, I've changed theme prior now.

oswaggiee:
Is your host namecheap
If yes..then I can help you if not I can't..I have experience pulling this through..
Am having a strong feeling it's a DDOS Attack..

No, my host is Betahost247.

Hello,

There were massive spam IPs scan attack on your site and sites like these has been suspended for server stability. We will monitor the situation closely to fix the problem.

The lock will remain place for 24 to 36 hours due to the nature of abusive resource usage activity. You will be notify once is lifted.

Thank you

kelvinnaira:
state d type of attack. what do u mean by under attack?
is sm1 hacking u or they re suspending u because u re using 2much resources bigger than d plan u bought. i.e excess traffic

Here's the mail I got from them previously

Hello,

There were massive spam IPs scan attack on your site and sites like these has been suspended for server stability. We will monitor the situation closely to fix the problem.

The lock will remain place for 24 to 36 hours due to the nature of abusive resource usage activity. You will be notify once is lifted.

Thank you

Good evening the good people of Nairaland. The subject above refers, my blog has been under constant attack despite being advised by the host company to point my domain to cloud flare.

The most disheartening is that, the most recent suspension was lifted yesterday by my host company, just for me to receive a mail this evening that the site has been suspended again.

This is really frustrating and I have come to seek your genuine advise on the best possible way forward.

Your advise will be highly appreciated.

Manchester United manager Jose Mourinho has dismissed media speculation of a rift with Paul Pogba as a "big lie" and said that the midfielder was well aware of the need to improve after below-par displays in the last few weeks.

The France international, 24, was substituted in the 2-0 Premier League defeat at Tottenham Hotspur and started the next game against Huddersfield Town on the bench. He was hauled off again in the 1-0 defeat by Newcastle United last weekend.

British media have said United's record signing is increasingly frustrated with his role at United but Mourinho shot down talk of friction with Pogba before Saturday's FA Cup fifth round clash at Huddersfield Town.

"It's a big lie that our relationship is not good," Mourinho told a news conference on Friday. "It's a big lie that we don't communicate. It's a big lie that we don't agree with his position and his dynamic within the team," he fumed.

Pogba has made nine assists and scored three goals in 17 league appearances. He has five more starts in European and domestic cup competitions but has struggled for consistency in an injury-hit campaign.

"He accepts that he's not been playing well in the last few matches, but that's all. The majority of the things you can read and listen to... don't be nice, be objective and say lies," Mourinho said, adding he intended to start Pogba on Saturday.

"I don't have to speak with you about conversations with my players. It's my problem and the player's problem... So be objective and say what we all know. In the last couple of matches he didn't play well. Period."

Ivorian defender Eric Bailly is back in training after ankle surgery and could make his first appearance since November. Midfielder Ander Herrera and forward Marcus Rashford are out with injuries.


http://www.skyesoccer.com/mourinho-rubbishe

Akwa Utd have maintained impressive top spot as Champions run riots on Sunshine Stars, details..

http://www.skyesoccer.com/npfl-match-day-7-results-akwa-plateau-utd-maintain-top-spot/