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Jarkbauer's Posts

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InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 12:22am On May 07, 2015
FBN Holdings says the company has proposed low dividend for the 2014 financial year to enable it to beef up its capital and meet the Central Bank of Nigeria’s Basel II capital requirements.

The Group Managing Director, FBN Holdings, Mr. Bello Maccido, who stated this at the group’s ‘Facts Behind The Figures’ presentation on the floor of the Nigerian Stock Exchange on Wednesday, said the option was necessary to avoid filing for recapitalisation in a bid to meet up with the Basel 2 requirement.

According to him, the company has no plan to raise tier 1 capital within the next 12 months owing to low market liquidity, depressed valuation level and significant dilution risk to existing shareholders.

He said the capital position of the Group was being enhanced through increased profit retention and interim recapitalisation of profit.

Maccido also said that one of the factors that impacted the Group’s business was the oil price decline, while noting that the bank was doing everything to tackle the development.

“Oil price decline was a major impediment and it really impacted on our business and in addressing this, we have put in place a rigorous stress test on credit facility structures for upstream customers to protect against oil price shock

He added that hedge contracts were also in place to provide secondary protection, while there was likely extension of loan tenors to align with reduced crude oil receipts.

The bank has also put in place a continuous performance monitoring of upstream transactions and proactive remediation strategies in place.

The Group Managing Director, First Bank Nigeria, Mr. Bisi Onasanya, said the lender was performing well despite the challenging business environment.

“A lot of our peers have gone down to close some of their non-profitable branches. We can provide banking services without gigantic structure. Technology will be used and we intend to migrate them to internet banking. What we are doing is to bring down our cost”, Onasanya said.
PoliticsRe: Monthly Subscription: DSTV Should Add Daily Subscription Option. by jarkbauer(op): 8:18am On Apr 27, 2015
Not same as pay per view. Just daily subscription option
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 8:10am On Apr 27, 2015
Sokijosh:
sir, no name calling. let us not go there
I did not call anyname. I only solicited for bnsil to help reduce price.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 6:06pm On Apr 26, 2015
Clown. Pls help me bring down the price of Transcorp to 0.50k my company wants to increase its share to 3.1%.
PoliticsRe: Monthly Subscription: DSTV Should Add Daily Subscription Option. by jarkbauer(op): 5:08pm On Apr 26, 2015
Why pay for what you will not watch?
PoliticsMonthly Subscription: DSTV Should Add Daily Subscription Option. by jarkbauer(op):
Monthly subscription only option is a total rip off

Nigerians should demand daily subscription option from DSTV. With this we shall be able to subscribe only days when you need it. For example if you leave home early come home late but are home on weekends. You only need to subscribe for weekend etc. If you only watch programmes from monday to Wednesday just subscribe for 3 days and thats all.

Lets the change begin now
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 7:37am On Apr 17, 2015
I have 2 billion units of Oando
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 7:36am On Apr 17, 2015
I have 2 billion units of Oando.
PoliticsMention The Things You Want From The Incoming Government. by jarkbauer(op): 7:32am On Apr 17, 2015
For Me
1 Fight against corruption
2 Atleast 18 hrs of light per day.
3 Good motorable roads
4 Not just good hospitals but good insurance cover for all nigerians
5 Modernisation of Our police force

Add yours
PoliticsRe: Buhari & Amaechi: The Handshake That Got People Talking(photo) by jarkbauer: 7:12pm On Apr 15, 2015
He respects elders. Buhari is older
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 5:45pm On Apr 15, 2015
ucheson2:
This is niether a promo, crap nor sarcasm. I am being seriously here, please sell more oando tomorow. Thanks
Stop this song please. Didnt you see the offers that were available today?
PoliticsRe: Xenophobia: Nigerians Should Boycott South African Companies. Graphic by jarkbauer(op):
PoliticsXenophobia: Nigerians Should Boycott South African Companies. Graphic by jarkbauer(op):
Xenophobia is the unreasoned fear of that which is perceived to be foreign or strange.Xenophobia can manifest itself in many ways involving the relations and perceptions of an ingroup towards an outgroup, including a fear of losing identity, suspicion of its activities, aggression, and desire to eliminate its presence to secure a presumed purity.

In South Africa, Most locals believe foreigners are responsible for their unemployment. They believe foreigners take their jobs and oppress them in their country. In actual fact,South African are lazy and want everything on a platter of gold. They are envious of Hard working Foreigners who live better lives.

The Nigerian Government need to act immediately either by sanctions,or by recalling Nigeria's ambassador to South Africa and expelling South African Ambassador.

The Nigerians in Nigeria should raise their voice to boycott SA companies In Nigeria.

https://www.shout-africa.com/wp-content/uploads/2010/06/xenophobic-attack-02.jpg

https://newsimg.bbc.co.uk/media/images/44667000/jpg/_44667723_burnt_afp466.jpg




These Companies Include MTN, DSTV Shoprite etc.

Time to act is Now.


I do not advocate Violence. We are Nigerians. We are Humans. We are not Animals. We are Civilized
FamilyRe: My Hubby Starves Me Of Sex: What To Do? by jarkbauer: 3:53pm On Apr 09, 2015
viallaxa:
see a sex therapist, I don't know if we have in Nigeria. If you really love him, talk it out. If you're unhappy, leave. It's far worse to be in an unhappy marriage
PoliticsBuhari Should Know This by jarkbauer(op): 3:09am On Apr 05, 2015
Buhari Please know this, Many Igbos are waiting for you to fail. Please disappoint them.
PoliticsRe: WAI-should Buhari Bring It ? by jarkbauer: 10:04pm On Apr 04, 2015
There should be a constitution-backed War Against Indiscipline.
The FG should sponsor a bill identifying acts of indiscipline and proffer adequate penalties
PoliticsRe: List Of Those Who Should Not Be Allowed To Join APC by jarkbauer(op): 7:05pm On Apr 04, 2015
Borderless:
Get busy guy. This don't make sense one bit.
why?
PoliticsRe: Governorship Elections: APC 21 APGA 1 PDP 7 by jarkbauer(op): 6:41pm On Apr 04, 2015
,
PoliticsGovernorship Elections: APC 21 APGA 1 PDP 7 by jarkbauer(op):
GOVERNOSHIP ELECTIONS WILL TAKE PLACE IN 29 STATES NO ELECTIONS 7 STATES

Anambra
Bayelsa
Edo
Ekiti
Kogi
Ondo
Osun




APGA
ABIA

PDP
AKWA IBOM
CROSS RIVERS
DELTA
EBONYI
ENUGU
NASARAWA
TARABA


APC
ADAMAWA
BAUCHI
BENUE
BORNO
GOMBE
IMO
JIGAWA
KADUNA
KANO
KATSINA
KEBBI
KWARA
LAGOS
NIGER
OGUN
OYO
PLATEAU
RIVERS
SOKOTO
YOBE
ZAMFARA




do you agree?
PoliticsRe: List Of Those Who Should Not Be Allowed To Join APC by jarkbauer(op): 3:54pm On Apr 04, 2015
Bode George
PoliticsList Of Those Who Should Not Be Allowed To Join APC by jarkbauer(op): 3:45pm On Apr 04, 2015
David Mark
Alison Maduekwe
All Nollywood Actors/Actresses
Aondokaa
Wyesom Wike
Kashamu Buruji
Ayodele Fayose
MAma Piss
Aliyu Babangiya
Isa Yuguda
Sule Lamido
OPC leaders


Add yours
PoliticsINEC Should Install CCTV Cameras At Each Polling Units And Collation Centers. by jarkbauer(op): 11:12am On Apr 04, 2015
INEC should install CCTV cameras at each polling units and collation centers.

Your thoughts on this
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 10:57am On Apr 01, 2015
everything is on bid
PoliticsSee How Card Readers Was Successfully Used In Ghana's Last Elections. by jarkbauer(op): 4:34pm On Mar 28, 2015
Ghanaians went to the polls last Friday to cast their ballots for president. Widely viewed as a poster child for stability and democracy in a region that is fraught by civil war and conflict, the West African country must now decide how to invest its newly discovered oil wealth.

The current elections placed the incumbent President John Dramani Mahama, 58 (@JDMahama), of the National Democractic Congress (NDC) against Nana Akufo-Addo, 64 (Nadaa2012), of the leading opposition New Patriotic Party (NPP). Mahama favors generating wealth by investing the country’s oil revenues in infrastructure, while Akufo-Addo counters that the way to raise the population out of poverty is to invest the money in free primary and secondary education. The average Ghanaian makes $4 per day, with the majority of the population yet to experience the benefits of oil revenues.

Technology dominated these elections, with candidates using popular social media platforms like Twitter and Facebook to spread their messages. But it was the introduction of a biometric voter identification system that captured the most attention.

Ghana is one of the first African countries to use biometric identification for voters.

Biometric literally means life measurement; it is associated with using physiological characteristics to identify people. In this case the fingerprints were used as an identifier, with voters required to pre-register their prints and then have them authenticated by the Biometric Voting Machines (BVM) at the polling station. The Electoral Commission (EC) announced at a press conference, "Among the decisions we have taken with the political parties is 'NVNV — No Verification, No Vote.”

But the NVNV policy was challenged when the BVMs broke down at some polling stations, causing long waits and frayed tempers. In some cases, citizens were not able to exercise their right to vote on Friday.

At polling stations where the BVMs failed, voting was extended on the following day. There were no significant protests.

Addressing the technical difficulty with the identification machines, President Mahama announced on Election Day, “[that] people should be able to vote. If problems occur with voter identification, the polling agents should verify [the voter] through his/her registration documents.”

Waiting in line to vote for a second day, Patricia Kadua, 28, told techPresident, “For free and fair elections, I prefer the machines. They will help the electoral process, but for me it is very painful to have to come back again.”


Garry Palmer, a voter waiting patiently in one of the long lines at a polling station, said he did not “… know too much about [the] machines, just that they don’t work. We have more transparency, but we lost efficiency.”

The Electoral Commission introduced the biometric identifiers as a means of preventing a recurrence of incidents that marred the 2008 elections, when there were allegations of fraudulent voter registration and ballot stuffing.

Dr. Afari-Gyan, chair of the Electroral Commission in Ghana, said, “[the] biometric system can, in theory, increase transparency.”

Sylvia Annor, the Principal Public Relations Officer of the EC, told techPresident, “Unlike the previous register, the current one provides [an] avenue for verification which reduces instances of multiple voting.” Ms. Annor added, “The procedure for the transmission of election … is thoroughly transparent and does not lend itself to manipulation.”

Five EC officials were assigned to each polling station, Mrs. Annor explained: "..[the voters] have the right to be able to observe what is happening and then if they have any objection, they may seek redress through the presiding officer that heads each polling station.”

The BVMs are powered by AA batteries, with the EC instructing polling officials to change the batteries every five hours. But in cases where the batteries were not changed in time, the machine required two hours to reboot.

Polling officers were trained to follow a strict, multi-layered verification process for each voter that starts with the presentation of a voting card with a barcode. The polling agent examines the photo, compares it to the person in front of him and then scans the card, bringing up the voter’s barcode and photo on a monitor. The voter then places a finger on the BVM, which confirms his or her identity via a LED light and an audio message. Only then may a citizen proceed to cast his ballot.


Biometric voting machine at a Ghanaian polling station (credit: Gabriela Barnuevo)

Since it became the first sub Saharan African country to free itself from colonial rule in 1957, Ghana has introduced a stable democratic system that is respected across Africa. There is widely held national pride in this status, with politicians generally perceived as members of an educated elite, who maintain Ghana’s good reputation in international circles.

"Ghanaians are proud and aware of their political maturity and see themselves as a model for the region," says Ruby Sandhu-Rojon (@RubySandhuR_UN), UNDP representative in Accra.

Dr. Christiana Thorpe, deputy head of the ECOWAS (Economic Community Of West African States) Observer Mission, encouraged the Ghanaian government and organizations to have a fallback system of paper registration for the BVMs in cases where the machines malfunction. Canadian observers witnessed several cases where verification equipment did not recognize fingerprints due to dirty hands.

“A machine is a machine and if you put absolute reliance on machines something will fail,” Dr. Thorpe stated. In its follow up to the elections, ECOWAS praised both the transparency and peacefulness of Ghana's elections and the advantages of the BVM system. The observer mission stressed in its report that the BMV system should be used for upcoming elections, despite the technical glitches


http://techpresident.com/news/wegov/23261/despite-some-glitches-ghanas-introduction-biometric-voting-system-widely-viewed-success
PoliticsRe: Yorubas Will Regret If They Vote Jonathan. Yoruba Ronu by jarkbauer(op): 11:05pm On Mar 27, 2015
[s]
Firefire:
Awon ogidi Omo Odua yio fi ibo won gbe Aare Olorire Goodluck Jonathan wole lekan si.

Igba otun ti de, eyin Omo karo Ojire.

A wa o tun pada ti oko eru mo, lailai.

No going back to slavery... Yorubas shall return Goodluck Jonathan to continue the transformation of Nigeria till 2019.
[/s]

Dont sell your future
PoliticsYorubas Will Regret If They Vote Jonathan. Yoruba Ronu by jarkbauer(op): 10:59pm On Mar 27, 2015
Jonathan has been in power for 5 years.
No Yoruba holds a key position in his government.Yorubas are marginalized.
He gathered the rejects of the society like Fayose, Omisore, Ogunlewe, Bode George, Gbenga Daniels Akalas etc to lead the Yoruba race.
These 'rejects' have no agenda for the Yoruba nation, apart from share the money
Jonathan abandoned the yorubas during this first term.
Now he needs our votes, he doled out dollars to buy our votes.
If we make the mistake of voting for him because of money.. The relevance of Yorubas in Nigerias politics is over. This mean we can bought, we are not different from our Igbo brothers. He will abandon us in his second term and dole our money in 2019 to get our votes.
Yoruba ronu oooo
PoliticsJonathan by jarkbauer(op): 7:03pm On Mar 11, 2015
yes
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 11:40am On Mar 11, 2015
Can you buy and sell same day?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 3:23pm On Mar 10, 2015
Bnsil take positions now because the bull coming in the next few weeks...amazing(in myjoy08 voice)
PoliticsBin Man In Wealthy Suburb Jailed – For Starting Work Too Early by jarkbauer(op): 7:32pm On Mar 09, 2015
A bin man has been sentenced to 30 days in prison for collecting rubbish too early.

Kevin McGill, who works for Waste Management Inc, pleaded guilty to violating an ordinance in Sandy Springs, a famously wealthy suburb 15 miles north of Atlanta, which bans collections prior to 7am.Mr McGill reported to a local prison at 6pm yesterday after opting to serve his time on weekends so that he is still able to work and support his wife and two children.

Chief court prosecutor Bill Reilly said that early garbage collections are nuisance to residents who want to sleep and that his office had met with Waste Management,  a company with a revenue of just under $14 billion in 2014, after previously punishing its employees for violating the ordinance.The prosecutor said that the fines, which have been handed to the company before, “don’t seem to work” and that it was the right decision to punish McGill, who had only been on the route for three months, with jail time. 

http://www.independent.co.uk/news/world/americas/bin-man-in-wealthy-suburb-jailed-for-starting-work-too-early-10093951.html
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 5:39pm On Mar 09, 2015
Chibuking81:
Very soon some people will shout my eyes, my eyes, and many will then believe on what am saying. To buy at the lowest level is the best and it shall happen very soon.
face your master's degree

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