₦airaland Forum

The news that Nigeria has started producing toothpick and pencil had gone viral in twitter. The toothpick is produced in Akwa Ibom, south-south region of the country. Aside from the pictures that are viral, however, two particular hash tags are accompanied the tweets. They are #AKEESToothpickandpencil, which possibly is the name of the firm and #GovernorUdomisWorking.

From independent to recent times, Nigeria has continue to import pencils and toothpick. The country has also rely majorly on crude oil. This is the reason it was referred to as a mono economy.

However, efforts has been made by government to encourages Made in Nigeria Product.

Various grants have been made available to encourage indigenous participation in the production of goods and services.

Such grants are usually provided through development banks like the Bank of Industry, BOI. This has enabled many Nigerians to now owned businesses in the country.

Moreover, the production of toothpick and pencil in Akwa Ibom, a crude oil rich state is a welcome development and other crude oil rich states should begin looking beyong oil and focus on industrialisation of their states.

The tweets also praised the current Governor of Akwa Ibom state, Governor Udom Emmanuel.

Read more
http://www.myfinancein.com/2017/02/finally-made-in-nigeria-toothpick-are.html

KPMG Cyber Security Service department has today 13th of February, 2017 launched an innovative tool called KPMG Digital Responder, KDR, that will aids cyber investigation globally. The tool is first in the market that is based on a flat (fixed) rate.

KDR will enable the internationally recognised audit firm to automate cyber response from the point of collection to reporting.

According to the report made available by KPMG, the KPMG Digital Responder, KDR, tool will reduce costs of cyber investigations, shift time spent from collecting data to actual analysis, and most importantly, provide more time to companies to make faster, more informed strategic business decisions to manage potential cyber security risks.

"KPMG customizes the KDR tool to fit the needs of the customer and the specific type of cyber investigation," says the report.

The report continue, "KDR is an installation-free tool. It can be easily deployed via the cloud, encrypted USB stick or network shares."

"Collected data is then packaged into an encrypted container and sent to KPMG securely for processing at our US Cyber Lab."

"Upon receipt, KPMG automatically parses and normalizes the collected data, inserting it into a database that performs thousands of common forensic analysis procedures and routines. This process provides consistent and more informed results."

"After analysis, a standardized investigative report is created based on the investigation type and sent back to the customer."


“A cyber investigation can wreak havoc on an IT budget as it’s an open-ended cost depending on the impact of the incident, which can start in the thousands of dollars and can go up to the hundreds of thousands of dollars,” said Tony Buffomante, US Leader for KPMG Cyber Security Services.

“Our flat-rate pricing model gives our customers the knowledge to know exactly what the investigation will cost, allowing them to better manage their budgets, staff and manage the expectations of the board.”


“Brands, reputations and bottom-lines are won and lost after a cyber incident by how a company responds. Decisions need to be made extremely fast to find the leak, make repairs to the digital infrastructure and begin the process of communicating to employees, clients and stake holders,” said Ed Goings, Cyber Response Leader for KPMG Cyber Security Services.

“By giving our customers a strategic report and plan within hours, instead of days and weeks, our customers are better prepared to answer questions about what has occurred in a timelier manner.”

Read more here
http://www.myfinancein.com/2017/02/kpmg-launched-automation-system-that.html

Semirah Bello, a Yali trainee and a former president of Voluntary Service Overseas Lagos made this post today about a Lady named Adele who was diagnosed for cancer at 33 years of age.


The story goes thus;

On 27 March 2015 I was diagnosed with Triple negative Breast cancer. I was 33 years old. I remember that day like it was yesterday. Right up until the words came out of the doctor’s mouth I was sure it was a fibroma. I mean, 33 year old women don’t get breast cancer…. I was wrong.

I think deep down I knew because I didn’t cry or get upset, I just said oh ok, well, somethig happens, what’s the plan of action. I don’t think my doctor quite expected that response by the look on her face however she went straight into explaining everything.

I remember coming out of the hospital thinking, hold on, I’m 33 years old. I’ve got too much to see and do in this world. This cancer is messing with the wrong bee.

I decided from the start that I would be very open about my diagnosis and decided to share that information on my facebook page. I never thought for a minute that someone my age would get Breast Cancer and so I wanted to make my friends more aware that it can happen to anyone.
FAST FORWARD...
It’s been just over 2 months now since I completed all my treatment and I’m fortunate that the cancer is all gone. The NHS staff that I met over the last 8 months have been outstanding and made this journey more bearable. Thank you! My next chapter has now started and it’s time to enjoy life!
______________
This is Adele's Story. In reality, so many ladies are thinking like this
too. Please let's all avail ourselves for screenings, exercise
regularly, eat healthy and know your family history.
Join Us for the #WorldCancerDay 2017 Walk, Cycle & Marathon against
#cancer Sat. 4th Feb. 2017, 7am, Unity Fountain, Abuja.

See Samirah photos here http://jeremiahjamesinfo..com/2017/01/semirah-bello-shared-on-facebook.html

Sarah Mardini a Syrian girl from Damascus who learn to swim before she could could together with her sister Yusra Mardini, now volunteers with Emergency Response Centre International (ERCI), a Greek, non-governmental humanitarian organization that assists refugees in distress at sea to reach the island, as a lifeguard.



Sarah joined this volunteer team after fleeing from war turn Syria in August 2015. Through that dangerous journey, across the she and her sister saved 18 fellow refugee in their engine failed boat.

She work as a volunteer with a team of for persons each of them are expert as a rescuer, skipper, medic, and translator.

She said that when her team is on the mission to save refugee, she usually calm refugee who can not swim by saying "I know what you feel because I’ve been through it. I lived it, and I survived."

According to United Nation Refugee Agency, more than 5,000 lives have been lost, especially in the central Mediterranean sea route.

Read here to see her photos
http://jeremiahjamesinfo..com/2017/01/syrian-refugee-sarah-mardini-after.html

Whispering Hope Africa Initiative is recruiting Volunteers. Do you leave in Anambra State Nigeria? Are you interested in volunteering? WHAI is recruiting. Join WHAI and see the joy in volunteering.


To apply, Email your Volunteer Application form to empower@whisperinghopeafrica.com or click here to register. For enquires call +2348065842181. Closing date not specified.

WHAI empower people to come out of poverty.

Click the link below to get the link for registration
http://jeremiahjamesinfo..com/2017/01/whispering-hope-africa-initiative-whai.html

The Africa Youth Award which was concluded join 1st January, 2017 had given three Nigerians youths awards for their efforts in business and community development. Their names are Mohammed Ibrahim jega, Olalekun Ayodele Sipasi and Nuhu Ibrahim Alabura.

In the vain, three Ghanaians also won awards from the Africa Youth Award. The total number of persons that won awards are eighteen persons both male and females. More males won the awards than females, therefore, in the future females should contest for this award.

The African Youths Awards ceremony will be hosted during the 2017 Heads of States summit in Addis Ababa.

Mr. Olalekun Sipasi, one of the winner of the award shows his appreciation when he said this on his Facebook, "I volunteered with Voluntary Service Overseas - VSO Nigeria under the National Graduate Volunteers Programme NGVP for 13 months, during which I was under the coordination of 2 persons that unconsciously shaped me into whom I am today."

Main while, the father of Sipasi, Mr. Babatunde A. Sipasi also declared his appreciation in the following comments, "with a deepest sense of appreciation and gratitude, I say thank you to those who voted for my son, Sipasi Olalekan Ayodele, the eventual winner of the 2016 African Youth Award."

He continues, "words aren't enough to express my unalloyed sense of gratitute but it's my prayer that God, in His infinite mercies will show himself mightily in all your situations and whatever you lay your hands on will prosper. The grave and mercies of the almighty God, which surpass all human understanding will rest and abide with you all....iJmn......Amen......Thank You, Thank You and Thank You.!!!"

See photos here
http://jeremiahjamesinfo..com/2017/01/three-nigerians-won-africa-youth-award.html

An eight years old girl, (name not mention) was reported to have waited for her parents as they gets health services from mobile health & nutrition teams in rural area far way Ethiopia.
The Mobile health and Nutrition services was carried out by volunteers of United Nation Children Fund, UNCEF.

This social media post has gotten many reactions and comments from Twitter. Such as: "She is beautiful", "Thank you for helping the helpless", "This photo is on a par with the National Geographic cover of the girl from Afghanistan some years back. @NatGeo", "we spend all our cash on worthless things but we don't think 'bout the smiles of those kids which r priceless", "hope" was commented.

Read From the Link
http://jeremiahjamesinfo..com/2017/01/8-years-old-girl-waits-as-her-parents.html

National Bureau of Statistics, NBS had reported that the number of Online applicants for jobs increased to 266,797 for the third quarter of 2016 compared to 815,163 applications in the same quarter of 2015, a 67.3% drop. . These applicants pursue only 14,112 jobs compared to 14,005 in the third quarter of 2015.

Furthermore, the report shows that Trade/Services remained the sector to attract the most applications (40.7%), as well as to advertise for the most vacancies (73.2%).

Moreover, the Oil & Gas/Mining and Engineering were the two sectors to attract the highest amount of applications per vacancy, although at 80 and 68 respectively, the numbers are low relative to the previous quarter.

Applicants were predominantly male (67.9%) and well educated; 77.5% were educated to degree level or higher.

And Lagos remained the state to account for the largest number of applicants and vacancies.

The report was made available in collaboration with Jobber man, the foremost online Job network in Nigeria.

The info graphics is showed in the link below. Click or tap to see
http://jeremiahjamesinfo..com/2017/01/266797-online-applications-pursues.html

The National Agency for Food and Drug Administration and Control (NAFDAC) in Nigeria has discovered bags of rice seized by the Nigerian Customs that can be teemeds as plastic rice. Detail of the press released is shown below.

The National Agency for Food Drug Administration and Control (NAFDAC) has confirmed that the 102 bags of rice seized by Customs operatives earlier this month is unsatisfactory for human consumption due to contamination by microorganisms even as they have clarified that they are not plasticized.

The NAFDAC Acting Director-General, Mrs Yetude Oni made this confirmation at a joint press briefing with the Nigeria Customs Service in Abuja yesterday after carrying out laboratory tests on samples of rice seized by Customs officials in Lagos.
According to her, “The product is not plastic but rice contaminated with microorganisms above permissible limit, hence the seized rice consignment is unsatisfactory and therefore unwholesome for human consumption.”

The Acting DG further provided the full report of the laboratory test carried out:

i. Floating - Negative
ii. Sedimentation - Positive
iii. Cooking. - Normal
iv. Odour. - Normal
v. Colour. - Off-white grains
vi. Moisture. - 13% (within specification)
vii. Pre-ashing. - Normal
viii. Ash. - 0.6% (within specification)
ix. Lead and Cadmium - Not detected
x. Aerobic mesophillic count - 2.8x105 cfu (above maximum
limits)
xi. Mould - 5.1x103 cfu - (within
specification)
xii. Coli form - 7.5x103 cfu (above maximum
limits)
xiii. E-coli. - <3cfu (within specification)
xiv. Packaging. - Does not conform to NAFDAC
pre- packaging Food labeling
regulations 2005

In his own remarks, the Comptroller-General of Customs who was represented by the Deputy Comptroller-General in charge of Tariff and Trade, Umar Iya Abubakar explained that the seizure of 102 bags of rice was made based on an earlier intelligence reports received from the office of the National Security Adviser and glaring lapses in the packaging of the bags of rice.

He said, “Our operatives in Lagos intercepted a consignment of Rice, Customs action was based on an earlier intelligence we received from Office of the National Security Adviser, alerting us and other frontline Agencies that large consignments of plasticized rice were said to be shipped from the Far East to Africa. As the largest market for imported Rice in Africa, Customs took the alert seriously and charged Officers to watch out for such imports that do not conform with regulatory requirements.

“When the consignments of Rice in question were brought to Customs Warehouse, our apprehension became heightened when we observed glaring lapses in the packaging. The bags of Rice had no NAFDAC Number, batch number, manufacturing, or expiry dates. We could also not see any detail about the manufacturers on the bag. We were left with no option than escalating our findings to the Agency that is statutorily charged with the responsibility of confirming the true status of the import.”

See the pictures here:
http://www.myfinancein.com/2016/12/plastic-rice-not-plasticized-but.html

[Yes oo quote author=rusher14 post=52323611]Na wa. [/quote]

The Managing Director of Bendusco International Agency Limited, a manufacturing outfit in Onitsha, Mr. Benjamin Nwizu and a Chinese working for him, Mr. Ning Tiadong, are in the net of security operatives for faking products of other companies.

They were arrested when our officials and the security operatives, comprising the army, police, Department of State service operatives, the civil defense, among others, raided his company located along the Onitsha-Owerri expressway in Onitsha.

Nwizu, the managing Director on sighting the security operatives claimed the roof of the two-storey building and attempted to jump into the nearby compound, but was forced to come down by soldiers who threatened to bring him down by force. The Chinese, who claimed that he did not understand English language, said he was in the company to effect a repair of one of the machines in the company.

The company’s workers, mainly girls between the ages of 18 and 20 ran in different directions as the security operatives moved into the various offices housing the manufacturing outfit. Some people, who claimed to be in the company for other businesses at the time of the raid, as well as workers were however allowed to go after questioning.

Among the products being adulterated by the company were tooth brushes and shaving sticks, labels of other brands, including life Beer, Panadol among others, also littered the premises of the company which was an indication that the company was also involved in printing of such labels for those who adulterated other people’s products.

SON Director of Operation Egnr. Felix Nyado who led the operation said the organisation had made several attempts to prevail on the company to adhere to the standards, adding that all the efforts fell on deaf ears.

But Nwizu claimed that his company had an order from the National Assembly restricting SON from disturbing its business, arguing that the products he was manufacturing were duly registered.

However, the Director said the manufacturing outfit specialized in producing counterfeit tooth brush handle, insisting that the product was expected to be made with virgin raw material.

He said, “The act establishing SON allows us to advise companies to adhere to standard specifications but if a company consistently violates the advice, the organisation has the power to stop the circulation of the adulterated product. We have therefore evacuated the fake products found here and sealed up the place to stop further manufacturing of substandards products “SON visited the company in 2014 and wrote an interim report about the products and all effort to get the owner of the company to comply to with the standards were met with resistance.

He is here claiming that he had a court order to restrain SON from stopping him, but no court can grant any company an order to continue to manufacture substandard products and stopping SON from carrying out its statutory duties.
The regulation body is not doing the job for itself. Rather, its concern is to protect the life and safety of citizens an ensure that businesses are conducted in the right way. And if a company decides not to conduct its affairs within the regulatory framework of the authorities, then the owner should go to another country to operate. As it is, this company is under investigation and we want to know what is giving him the audacity to challenge a regulatory agency.

Nyado described Nwizu as serial liar adding that he should explain to security operatives where he got the power challenge a constituted authority.

Read from my blog
http://www.myfinancein.com/2016/12/a-chinese-and-nigerian-company-md.html

Email marketing as been term, not by me, as the best way to market your website, blog, ploducts and services. According to a Inbound Rocket, 34% of persons world wide use email regularly and there are 2.5 billion users and it is expected to increase within two years to 2.8 billion.

Also, according to the same source, 91% of people use their smartphones to access their email. However, 75% of the people use their smartphones for social media networking.

Futhermore, McKinsey & Co. survey stating that email is a far more effective way to acquire customers than all that tweeting and posting and "liking" you're doing on social media. Nearly 40 times more than Facebook and Twitter combined.

"If you're wondering why marketers seem intent on e-mailing you more and more," McKinsey states, "there's a simple explanation: it works."

Now, how can you kick start a marketing campaign?

Tip1
Register with a Marketing website

There are various softwares and websites that can aid your email marketing campaign. These includes Mail chimps, Mailmunch, getresponse, AWeber, campaign monitor, dripemail and so much more.

You need to register with any of them you thing will be more effective for you.

Tip2
Create a subscriber form on your blog

The next step you need to do, if you do not have a list of email handy is to create a form for subscribers on your website. Mailmunch provides this services both free and paid. As you can see on my website, I am using a free subscriber form from mailmunch from which I hope to get my email list.

Tip3
Provide a free eBook or other promotional items

You can encourage your website visitors to subscribe to your mail list by providing free eBook or other promotional items. This will increase the number of emails within weeks.

Tip4
Start your Campaign

Immediately you have gotten a list of emails, no matter how small it is, you should start up a campaign. Send them newsletters regular, to encourage them to click the link to your website or to buy your product or services.

Email list is very important, you will understand this when you regularly analyse your website traffic through Google analytic. From there you will notice that a huge percentage of visitors to your website never return to read new articles.

Email marketing will give you the opportunity to encourage a majority of these visitors to return to your website and in future, they may become used to your website or blog.

Read it fro my blog
http://www.myfinancein.com/2016/12/4-tips-to-kick-start-your-email.html

The Nigerian equities market resumes with the following market indicators

ASI 26,464.82
DEALS 3,161.00
VOLUME 188,684,209.00
VALUE 1,387,815,478.30
CAP 9,105,919,249,995.67

The market closes with these barometer

ASI 26,486.02
DEALS 1,703.00
VOLUME 139,097,525.00
VALUE 1,432,886,956.87
CAP 9,113,213,334,212.58

The Market Capitalization grows to 0.08 percent despite predictions that it will decline continuously. The ASI increased by 21.20 basis point. The volume and value of shares traded were 139,097,525.00 and N1,432,886,956.87 respectively in 1703 deals.

The top five gainers were

COY. PREV. CLOSE. +Δ
FO 94.22 103.87 9.65
TOTAL 277.1 284 6.9
DANGCEM 170.04 174 3.96
CAP 31 32 1
STANBIC 14.21 14.92 0.71

The top five losers were

COY. PREV. CLOSE. -Δ
NB 142 137.55 -4.45
GUINNESS 88.73 84.3 -4.43
CONOIL 39.45 37.48 -1.97
GUARANTY 24.66 23.43 -1.23
CADBURY 11.1 10.03 -1.07

Forte PLC makes it up at the gainers table while Nigeria Breweries was the highest loser.
Read more from my blog
http://www.myfinancein.com/2016/12/nse-update-for-23rd-december-2016.html

The Nigerian Stock Exchange Market resumes today with the following indicies:

ASI 26,540.87
DEALS 3,271.00
VOLUME 248,710,475.00
VALUE 3,103,426,157.46
CAP 9,132,084,256,871.70

At the close of the market, the NSE market barometer is as shown below

ASI 26,418.11
DEALS 3,937.00
VOLUME 421,182,117.00
VALUE 10,078,152,395.76
CAP 9,089,846,669,734.50

The Market Capitalisation falls to 0.46 percent and the ASI falls by 122.76 basis point. The fall in Market Capitalisation and ASI will continue till early January. The volume and value of equity shares traded in the exchange today are 421,182,117 and N10,078,152,395.76 respectively in 3,937 deals.

The top five gainers in the exchange are

COY. PREV. CLOSE. +Δ
CONOIL 34.11 35.8 1.69
WAPCO 40 40.99 0.99
GLAXOSMITH 15 15.75 0.75
CADBURY 10.7 11.1 0.4
CCNN 4.21 4.42 0.21

The top five losers are

Read the rest from my blog
http://www.myfinancein.com/2016/12/nse-update-for-21-december-2016.html

The digital marketing data resource giant eMarketer reported yesterday that one of the major challenges of publishers (bloggers) face in Germany is content monetization. This is especially so as more mobile users in Europe are using Ad blocker in their phone.

When asked by AOL and Insight Now asked bloggers in Germany what is their biggest mobile challenges, 49 percent of those asked said its the quality of content, 46 percent said its quality of the consumer experience, 34 percent said its Ad blockers.

However, in the UK and the US were the same questions was raised, says eMarketer, the percentage was 55% and 49% respectively.

Though the percentage was high in Germany, however, German bloggers do not see Ad blocker has a bigger challenge as bloggers in the United Kingdom and United States.

As Ad blocker becomes more popular. In Nigeria, a popular mobile browser app known as Opera mini also block Ads, thereby reducing bloggers' income. But do you as a blogger see this as a challenge. Let's hear your comment and the reason why it is not a challenge to you.

Read it from my blog
http://www.myfinancein.com/2016/12/34-percent-of-german-bloggers-says.html

Thinking of investing, why not go for real estate. You may say real estate does not provide immediate return on investment, however it is worth the while.

There are enormous benefits for investing in real estate. If you consider them, you may have rethink. Let me take you through six reasons why you should invest your hard-earned money on it?

1. Capital Appreciation:
The number one point that always come to my heart whenever I discussed with my friends on this issue is capital appreciation which results to capital gains.

It is true that other forms of investments provides you capital gains, but investing on real estate provides you with more than you can ever imagine.

If you buy a land or building now, in the next one or two years, the value would has increased. Selling it will give you a minimum of 15% capital gains.

Also, the value of real estate never falls, it continues to appreciate year-on-year.

2. Easy To Research
It is easy to research on real estates. With just a browser and an internet connection, you can get all you needed to research on real estates. You do not need a professional to know about real estate.

3. It is easy to start investing on real estate.
Most persons that are investing on real estate now do not really plan to do so. After buying or building their own house, they discovered the current value of their home has increased. This motivated them to continue investing on it.

Also, there are little or no protocol to start investing on real estates.

4. Less Risky:
There are little or no risk in investing on real estate. Unless you buy the house in disaster prone area.

See more here
http://www.myfinancein.com/2016/10/ten-reasons-you-should-invest-in-real.html

As the holiday approaches, travelling may be your best option. Probably you are travelling to study in another country or for a volunteering work. Then, it is important to consider this points before your next travel.

Tip1 Security:
It is very important to consider the security situation in the area you are travelling to before ever paying for your airplane ticket or transport fares. Your life is very important and should not be jeopardise. Ask persons that are familiar with the place you are travelling to. You can research the location using search engines. If the place is unsecured, it is advisable you do not visit it.

Tip2 Finance
This is also an important aspect of travelling that should never be taking for a joke. Ensure that you have enough money on your pocket and in your bank account. If you live and have a bank account in Nigeria, it is important you tell your bank about your travelling plans. This is essential most especially if you are travelling out of Nigeria.

Also, make sure your ATM or Credit Card will not expire during the time periods of your visitation.

Furthermore, research on the cost of living in the country or state you are visiting. So that you can calculate the right estimate of the money you will be spending there. If you will be travelling with your family, include their expenses in the estimate.

Tip3 Your Passport
Ensure that you make copies of your passports and visas before you travel. The rule of thumb is three copies each. One will be in your handbag for example your purse or wallet, one in your luggage,

Read the rest here
http://www.myfinancein.com/2016/12/six-tips-to-consider-before-traveling.html

The stock market commences today with the following indicies.

ASI 26,586.56
DEALS 2,789.00
VOLUME 262,897,414.00
VALUE 1,747,930,948.07
CAP 9,147,806,552,684.52

It closes today with the following figures.

ASI 26,540.87
DEALS 3,271.00
VOLUME 248,710,475.00
VALUE 3,103,426,157.46
CAP 9,132,084,256,871.70

The market capitalization drops to 0.17 percent. Also, the All Share Index, ASI falls to 45.7 basis point. The volume and value of shares traded today were 248,710,475 and 3.103,426,156 respectively in 3,271 deals.

Read the rest here
http://www.myfinancein.com/2016/12/nse-update-for-20th-december-2016.html

Lagos State Government paid N55.941billion to more than 12,426 retirees since the commencement of payment of entitlements in the Contributory Pension Scheme. More retirees will be paid next month. Retires are advised to stay away from pension fraudstars. They are encouraged to cultivate the spirit of savings

The Lagos State Government has paid accrued pension rights of over
N55. 941billion to over 12, 426 retirees since the commencement of
payment of entitlements in the Contributory Pension Scheme
dispensation.

The State Commissioner of Establishments, Training and Pensions, Dr.
Benson Oke Akintola disclosed this today in Ikeja while speaking at
the 11th Retirement Benefit Documentation Seminar for employees’ who
are due to retire from the Lagos State Public Service between January
- June, 2017, adding that this speaks volume about the importance
placed on ex-employees by the State.

He said that this Government is committed to workers’ welfare and
therefore will ensure that their entitlements are paid promptly.

According to him, “Many employers of labour and indeed, many State
Governments do not see the need to prepare their employees for a new
life. This Administration however, is a people oriented one and we
have resolved that everyone who has worked diligently for the State
has to be paid his dues, as soon as possible and also be prepared for
future challenges”.

Read the Rest here
http://www.myfinancein.com/2016/12/lagos-state-government-pays-over-n55.html

The Exchange resume today after a peaceful weekend with the following indicies.

ASI 26,707.10
DEALS 3,387.00
VOLUME 874,335,397.00
VALUE 4,386,021,380.53
CAP 9,189,282,485,678.17

At the close of today's market trades, the following market barometer was made available.

ASI 26,586.56
DEALS 2,789.00
VOLUME 262,897,414.00
VALUE 1,747,930,948.07
CAP 9,147,806,552,684.52

The Market capitalisation and the All Share Index decline by marginally by a similar percentage of 0.45 percent approximately. The ASI falls by 120.54 basis point. Also, the volume and value of equities traded in the exchange fall drastically to 262,897,414.00 and N1,747,930,948.07 respectively in 2,789 deals.

This is opposed to last week figures where the Market Capitalization increases continuously day by day. As per last week, it was predicted that a percentage of investors are selling their shares so as to meet up the expenses of the holidays coming soon. However, other investors were buying this shares. But the market behaviour changes this week starting

Read More here
http://www.myfinancein.com/2016/12/nse-update-for-19th-december-2016.html

As the holiday season is fast approaching, many persons everywhere in the world are planning were to spend there holidays with their loved ones and family. Intact spending time with your family will give your children the opportunity to learn news things and discover their talent. Below are list of places you can visit in Nigeria:

Obudu Cattle Ranch, Calabar


Source: Nairaland.


Located in the South-South region of Nigeria is a cool place to spend your holiday. The price to pay for visit is close to N20,000 per person.

FEATURES
A swimming pool
A water slide
Mountains and forest
Golf course
Houseback riding
Quality food and accommodation

LEKKI CONSERVATION CENTER



This tourist center is located in Lagos Nigeria. It is one of the best for wide life view. It was developed by Nigerian Conservation Center in 1990. It has a 401-metre work way which is the longest canopy walk in Africa. The entering fee is N1,000 but it is subject to change.

FEATURES

Excellent view for nature and bird watching.
Tree House
Secured environment
Nature station
Swamp Look-out Station and many more

Nike Art Gallery


Source: Bellafricana.


This is also located in Lagos. It is a city for the Yoruba arts and culture. If you love to learn the cultural arts of varieties of culture,

Read the rest here
http://www.myfinancein.com/2016/12/six-places-to-visit-this-holiday-in.html

After completing National Youth Service Corp (NYSC) in Nigeria, you may be among the fortunate few who will get paid job immediately. Later on another set of few persons from your batch will also get jobs. However, many persons will not get paid employment after NYSC. This is not a cause. It is what all of us see everyday. Now your last Federal government allowances are quickly running out. So what will provide you a new income stream?

It pains me to see graduates after successful completion of their service (NYSC) year stay at home still feeding on their parent's pulse, while they can start start their on business.

Furthermore, you do not need millions of Naira to start a business that will provide you some income as some well meaning persons will tell you. Also, you need patient and endurance for your business to grow. With a few thousands you can start a small business, nurture it till it grows up and be proud of it in a few years.

What should I likened a business? A business is like a zygote in mother's embryo. At that early stage and within the next nine months a lot of care must be undertaken by the parent to ensure save delivery of the child. Within the next few years, after the child is born, you will see the child doing well in all is endeavors. What will be in your heart. I am very sure you will be proud of that child. You will also remember when you are in pains to give birth to the child and how successfully the child is right now.

Read the rest here:
http://www.myfinancein.com/2016/10/one-word-for-all-nysc-discharge-corp.html

So far, the word accounting information and financial information has been used regularly by this author. What is it? and how can you differentiate it with non financial information?

To understand the meaning of financial information, let us go though various terms that are related to fiinancial information.

John Hall the writer of Accounting Information System ezplained them in this way.

Read also: seven financial objectives for managers.

TRANSACTIONS

''A transaction is an event that affects or is of interest to the organization and is processed by its information system as a unit of work.''

An example of a transaction in a trading business is the sale of goods for N10,000 from a supplier whose name will be called Mr. Bones.

''This definition'' above ''encompasses both financial and nonfinancial events. Because financial transactions are of particular importance to the accountant’s understanding of information systems.'' Therefore, there is a need for a precise definition for this class of transaction.''


FINANCIAL TRANSACTION

Read also: five ways to manage risks.

''A financial transaction is an economic event that affects the assets and equities of the organization, is reflected in its accounts, and is measured in monetary terms.''

A financial transaction is recorded in monetary terms. From the above transaction, the N10,000 reppresents a financial transaction. A financial transaction can be refer to as a financial datum. Several financial datum consistute financial data.

NON FINANCIAL TRANSACTION

''Nonfinancial transactions are events that do not meet the narrow definition of a financial transaction. For example, adding a new supplier of raw materials to the list of valid suppliers is an event that may be processed by the enterprise’s information system as a transaction.'' A set of non financial transactions or data constitute non financial information.

Read also: five ways to manage risks in your business.
WHAT THEN IS FINANCIAL INFORMATION

A financial transaction is a set of financial transactions measured in monetary terms that has been processed and are used to make economic decision by users.

For example, a set of financial statement is a financial or accounting information used to make certain economic decision.


WHAT IS NON FINACIAL INFORMATION

A non financial information is a set of non financial transactions processed and used by users to make economic decisions.

For example, a set of non financial data concerning a names of suppliers of an entity may constitute a financial information for the Procurement manager, if he/she used it to make certain economic decisions like chosing who to purchase raw materials from.

For example, a set of non financial dataconcerning the corporate social responsibility which are used by interested users to make economic decisions constitute a non financial information.

DIFFERENCES BETWEEN A FINANCIAL INFORMATION AND A NON FINANCIAL INFORMATION

(1) MEASUREMENT

Financial information is measures in monetary terms while non financial information do not measure in monetary terms.

(2) USERS

Users of financial information is not broad like users of non financial information. This users of non financial information includes voluntary service organisations and non profit making organisations. They are also required by a other departments in the organisations like human resource department and production department.

(3) INFORMATION SYSTEM

Financial information falls under accounting information system and non financial information falls under management information system. However, the accounting information system also generate non financial data.

Further reading: offsetting and financial statements

IAS1General purpose financial statement.

Read from my blog:
http://www.myfinancein.com/2016/08/financial-and-non-financial-information.html

Definition of Book Keeping

Book keeping is an art of collecting and recording financial data in a systematic and organised format for an entity.
The art of book keeping is usually done by non professionals.
In large companies like nestle a computerised accounting system is set up to keep all business transactions. However, a small business may have one or more book keeper who do the recording of business transaction from start to finish.

Further reading: going concern basis.

Various accounting packages such as SAP, Peatchtree, Quickbook, Sage, MS Access have take-over the work load of a book keeper allowing more concerntration in other aspects of accounting such as analysing and interpreting financial statement.

Some accounting software are made to prepare trial balance, weekly, monthly, quarterly and half yearly reports. Some also include cash management system to help management effectively manage their cash.

Definition of Accounting

Accounting is defined as the process of collecting financial data, recording, classifying and organising such data so as to present them in a financial statement as financial information for the purpose of analysing and interpreting the financial information in other to enable users made informed economic decision.

Read also: detailed explaination of the meaning of accounting.

Accountant are professionals. Many are graduates of Universities, master holders and Phd holders while others are chartered accountant. They are very proefficient in their works.

Accountants make use of GAAP (Generally Acceptable Accounting Practice), relevant accounting standards, frmework and principles when preparing and presenting finncial statement for end users.

Similarities Between Book keeping and Accounting

(1) Book keeping and accounting perform the activity of collecting, recording and organising financial statement.

Read also: how to keep financial transactions for small business.

(2) A book keeper and also an acccountant are employed in a business entity.

Click the link to continue reading:

http://www.myfinancein.com/2016/08/similarities-and-differences-between.html

INTRODUCTION

Accounting is said to be the language of a business. A language can not be understood unless a person is vast in it. Also, to understand a business, you need to know the language and that language is accounting.


To define accounting, we will make use of the acronym CROPAI which stands for Collection, Recording, Organising, Presenting, Analysing and Interpreting.

Accounting is therefore defined as a process of collecting, recording, organising, presenting, analysing and interpreting financial information to enable users make informed economic decision.

For a better understanding, let us break down the above definition.

Accounting is a process.

In what sense? A process is like a circle. It starts from one end and return back to its starting point. That is how accounting is. Accounting starts from recording and continues to analysis and begin again with recording.

Collecting.

The accountant collects data from financial transactions. This include when a person comes to buy goods on credit or when the business purchase goods on credit. The accountant collect all this data through the help of a book keeper.

Recording.

When financial data are collected, they are recorded in a book. The data which is in monetary term passes through the source document, subsidiary books and ended in the ledger book.

Also Read: keeping financial transactions for small business.

Organising.

In recording the financial data, accountant organised them so that each data can be found easily. For example, the subsidiary books is made up of sales day book, purchases day book, return inwards day book, return outwards day book, cash book and general journal. With such organisation, it is easy for the accountant to easily locate any data on request. It also assist auditors to carryout audit trail.

Another aspect of organising is the ledger book. It is organised into three sub-books. They include: general ledger, purchases ledger and sales ledger. Folio number is also great in organising accounting data. It enable the accountant and auditors to easily identify where the dual part of a transaction can be found.

Also read: how to keep financial transactions for small business.

Presenting.

Accounting do not end with recording. The financial data recorded must be presented for users to read. This is one of the core aspect of accounting. Financial data are presented in the financial statements of an entity and in other quarterly reports provided to management.

Also Read: IAS 1 -general purpose financial statement and

20 items that must be recorded in a statement of financial position.

Analysing.

After presenting the financial statements, the accountant will analysed them using accounting ratios. Various accounting ratios abound and are good for analysing financial statements to check for stability, growth in terms of profitability and liquidity. It is the duty of accountant, financial analyst and bankers to analysed a financial statement.

Interpreting.

Financial statements are not just provided for it sake. It is provided so that accountant and other users should interprete. Today users interprete financial statement not just for ratios analysis only, but also for research purposes.

A person may research on profitability of a particular sector, say banking sector. The researcher will collect from the financial statements of various banks, collate the profit figure and analysed them using various analysis such as bar chart, pie chart, histagram, time series, correlation and so on.

Financial information are informations that has been processed by the accountant from financial data such as sale of goods for cash and payment for purchased of machine.

Financial information include profit after tax, turnover, EPS and so on.

Informed Economic Decision

The end product of accounting is to enable users make informed economic decisions. The economic decisions that users makes are majorly investment and financial decisions.

A actual investor will use the information provided by the accountant decide if he should withdraw is investment or add more fund to an investment in a particularly entity.

Management can used accounting information to take a primary decision like discontinuing an investment or to continue an operation.

Further reading: reasons why small business fail-marketing.