₦airaland Forum

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Congratulations!!

Green White Green Everywhere! Happy Independence!

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[b]Nigeria's President Muhammadu Buhari has said the government was in talks with oil rebels whose attacks have hit production, as the head of the state-run energy firm laid bare damage to the sector.[b]

Buhari said yesterday in a statement that "his administration is talking to Niger delta militants through oil companies and law-enforcement agencies to find a lasting solution to insecurity in the region".
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The Niger Delta Avengers (NDA) group has claimed the bulk of the attacks since February, which have targeted the Nigerian National Petroleum Corporation (NNPC) as well as oil majors Shell, Chevron and Eni.

The militants have revived long-standing grievances about widespread poverty in the southern swamps and creeks that saw attacks and kidnappings in the 2000s, slashing output until a government amnesty in 2009.

But the militants, who have previously scoffed at claims they are involved in back-channel talks, have added self-determination for the delta region to their list of demands.

Attacks on pipelines and other infrastructure have hit Nigeria's output, exacerbating a wider economic crisis sparked by persistently low global oil prices for the last two years.

Organization of the Petroleum Exporting Countries (Opec)-member Nigeria ordinarily gets 70 per cent of government revenue from oil sales.

The new group managing director of the NNPC, Maikanti Baru met chief of defence staff General Gabriel Olonisakin in Abuja and appealed for military support to secure key oil and gas facilities.

As well as militant attacks, kidnapping and piracy, he said there were nearly 1,500 cases of "pipeline hacking", causing the loss of 109 million litres of petrol and 560,000 barrels of crude to refineries.

Between 2010 and 2015, more than 3,000 acts of vandalism were recorded while last year, 643 million litres of petrol valued at more than 51 billion naira ($175 million, 160 million euros) were lost.

"The 2016 national budget plan was based on 2.2 million barrels per day (bpd) of crude oil production," he said.

"However, the budget plan is now grossly impacted due to renewed militancy: with about 700,000 bpd of oil production curtailed due to pipeline vandalism."

Domestic natural gas supply had also been halved, he said, leading to "significant power outage" in a country already hit by regular cuts because of ailing and badly maintained grid infrastructure.
In all, between 2,500 to 3,000 megawatts of power has been lost, he added.

Source: wap.business-standard.com/article/pti-stories/nigeria-talking-to-oil-rebels-buhari-116072200071_1.html

Cc:lalasticlala, Seun, puskin, dominique, naijacutee, FOD

Yes oooo........9ja guys dey vex ooooo. This is not his real face oooo lolz

This guy got the beating of his life just because he joke and said "Buhari will enter for second time."

Cc: lalasticlala, Seun, OAM4J, Mynd44

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There is need to pursue smart and business-friendly reforms
 
It should worry the authorities that the latest ranking on the “Ease of Doing Business” puts Nigeria at number 169 on the list of 185 countries assessed. The report, entitled “Doing Business 2016: Smarter Regulations for Small and Medium-Size Enterprises”, based the overall ranking on 10 key indicators: starting a business, dealing with construction permits, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and getting electricity.

The report analysed regulations that apply to a country’s businesses and allowed users to see both the gap between a particular country’s performance at any point in time and to assess the change in the regulatory environment over time. In the current assessment, Nigeria made improvement in the area of registering property and protecting minority investors but when compared with last year’s ranking, it retrogressed in three key indices: getting electricity, access to credit and starting a business.

Much more significantly, the country recorded no improvement in five key indicators – trading across borders, dealing with construction permits, paying taxes, enforcing contracts, and resolving insolvency.
Against the background that the aim of the report is to provide an objective basis for understanding and improving the regulatory environment for business around the world, there are lessons to learn. Indeed, since its first report in 2004, the relevance of the report as a resource for business and its likely impact on the flow of foreign direct investment (FDI) cannot be over-emphasised. Yet, even though it is the largest economy in the sub-region and on the continent, whatever the yardstick applied, Nigeria has not done well in the rankings.

At 68.89 per cent and 58.24 per cent respectively, South Africa and Kenya were ranked above Nigeria which, at 44.69 per cent, fell below the regional average of 49.66.
It is noteworthy that before the recent slump in oil prices which in turn led to the foreign exchange crisis, Nigeria was gradually improving on the ease of doing business ranking. For instance, the country had improved significantly in the area of access to credit ranking as it moved from 125 in 2014 to 52nd position last year. But all that seems to have changed dramatically. On the overall distance to frontier – which is the distance to the highest performance observed on each of the indicators across all economies – Nigeria did not fare well either.

A look at one of the indicators would explain the differences in the ranking of Nigeria and, for instance, a country like Mauritius which continues to do well.

However, the report did not measure some aspects also critical to investors such as level of security, macroeconomic stability, labour skills of the population, underlying quality of institutions and infrastructure, or even the strength of the financial system.

The focus was primarily on measuring the regulation and red tape relevant to the life cycle of a domestic small to medium-size firm. What this means is that we can determine our ranking in the next report if we put in place the necessary regulations and take concrete steps to remove the obstacles that hinder the growth of businesses.

Two countries embodied how positive reforms could determine a nation’s ranking – Rwanda and Burundi, both of which have implemented such reforms with improvement in their rankings on a yearly basis.

As the largest economy on the continent, it is in our economic interest to facilitate trade across borders, improve the tax system, ease the process of starting a business, improve access to credit, enhance the process of securing construction permits and registering property, initiate regulations that would protect investors, enforce contracts, and resolve insolvency. What is required is the will to pursue these smart and business-friendly reforms.

Source: www.thisdaylive.com/index.php/2016/07/18/the-nigerian-business-environment/

Cc: lalasticlala, Seun, dominique, naijacutee, FOD, puskin

THE Consumer Price Index (CPI) measuring inflation in the Nigerian economy has risen to its highest point of 16.5 per cent since 2005.


Report released by the National Bureau of Statistics (NBS) shows that inflation for the month of June spiked to its highest point since October 2005 — 11 years.

Inflation rose from 15.6 percent in May 2016 to 16.5 percent in June 2016, as energy and food prices weigh in heavy on inflation for the month.

“In June, the Consumer Price Index (CPI) which measures inflation continued to record relatively strong increases for the fifth consecutive month. The Headline index increased by 16.5% (year-on-year), 0.9% points higher from rates recorded in May (15.6%),” NBS said.

“Most COICOP divisions which contribute to the headline index increased at a faster pace, the increase was however weighed upon by a slower increase in three divisions; Recreation & Culture, Restaurant & Hotels, and Miscellaneous Goods & Services Year on year, energy prices, imported items and related products continue to be persistent drivers of the core sub-index.

“The Core index increased by 16.2% in June, up by approximately 1.2% points from rates recorded in May (15.1%). During the month, the highest increases were seen in the electricity, liquid Fuel (kerosene), furniture and furnishings, passenger transport by road, fuels and lubricants for personal transport equipment.”

Asides farm produce, the core sub-index increased by 16.2% in June (year-on-year), up approximately by 1.2% points from 15.1% recorded in May.

“The Core sub-index has increased at a faster pace for five consecutive months. Over the first six months of the year, the Core subindex increased by 12.8%, up 5.2% points from rates recorded in the corresponding period in 2015.”

Inflation has increased consistently since October 2015, with the change in exchange rate policy, in the latter part of June expected to weigh in on inflation for the month of July.

Goldman Sachs, an American multinational banking and investment firm, forecasts that Nigeria’s inflation will not rise above 20 percent in 2016, before it takes retreats to lower levels.

Source: http://www.vanguardngr.com/2016/07/nigerias-inflation-rate-hits-16-5-highest-point-since-2005/

Cc:lalasticlala, seun, dominique, MrKnowital, naijacutee, FOD, puskin

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THE Consumer Price Index (CPI) measuring inflation in the Nigerian economy has risen to its highest point of 16.5 per cent since 2005.


Report released by the National Bureau of Statistics (NBS) shows that inflation for the month of June spiked to its highest point since October 2005 — 11 years.

Inflation rose from 15.6 percent in May 2016 to 16.5 percent in June 2016, as energy and food prices weigh in heavy on inflation for the month.

“In June, the Consumer Price Index (CPI) which measures inflation continued to record relatively strong increases for the fifth consecutive month. The Headline index increased by 16.5% (year-on-year), 0.9% points higher from rates recorded in May (15.6%),” NBS said.

“Most COICOP divisions which contribute to the headline index increased at a faster pace, the increase was however weighed upon by a slower increase in three divisions; Recreation & Culture, Restaurant & Hotels, and Miscellaneous Goods & Services Year on year, energy prices, imported items and related products continue to be persistent drivers of the core sub-index.

“The Core index increased by 16.2% in June, up by approximately 1.2% points from rates recorded in May (15.1%). During the month, the highest increases were seen in the electricity, liquid Fuel (kerosene), furniture and furnishings, passenger transport by road, fuels and lubricants for personal transport equipment.”

Asides farm produce, the core sub-index increased by 16.2% in June (year-on-year), up approximately by 1.2% points from 15.1% recorded in May.

“The Core sub-index has increased at a faster pace for five consecutive months. Over the first six months of the year, the Core subindex increased by 12.8%, up 5.2% points from rates recorded in the corresponding period in 2015.”

Inflation has increased consistently since October 2015, with the change in exchange rate policy, in the latter part of June expected to weigh in on inflation for the month of July.

Goldman Sachs, an American multinational banking and investment firm, forecasts that Nigeria’s inflation will not rise above 20 percent in 2016, before it takes retreats to lower levels.

Source: http://www.vanguardngr.com/2016/07/nigerias-inflation-rate-hits-16-5-highest-point-since-2005/

The Only Way to Make Money Online in Nigeria

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There are basically three (3) steps to make money online in Nigeria.
These i will shortly explained below.

(1) Find out What People Need: The hallmark of online income is your ability to provide solutions to people’s problem. So find out what problem people have and how you can provide the solution to them.

(2) Determined what you can do: There are many things you can do online to make money. This will depend on what you are able to find out in step 1 above and what you can really do to the best of your ability. Sometimes, it’s quite easy and fun to make money from what you know and love to do .

(3) Choose or Create an Audience: The next point after (1) and (2) above is to either choose a ready made audience e.g Freelance websites or build your own audience.

My best strategy is building my own audience. ( To stand & been seen as an Authority owner over any Niche of online business i step into.) The best way to do this is by building a list of subscribers ( through SMS Marketing | Email Marketing | & Blog Content/ Educational Marketing )
Then Step to convert your list subscribers into " Regular Paying Clients & Customers "

Yes! I said regularly, because this list of people are bind to stick with you in buying all your ( Products & Services your market can offer ) As long as you did not destroyed the ( Relationship, Trust & Respect they have for you from day

1 ) My Advice You
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Always Give Quality Value In Your Products & Services, (ensure it does what you claim it will | Try All Your Possible Effort To Build Long Lasting Relationship with your subscribers, clients/customers, students etc.
Build Trust & the way to build Trust is through building relationship .....then Make An Irresistible Offer, Your Market would be absolutely CRAZY to refuse. Once they accept your OFFER that's your opportunity to keep sucking the Cash from that Niche.

Next ====>> Give your clients/customers a reason to Refer & Recommend your Business, Products & Services to friends, colleague & others.
( Yes! One customer you satisfied so well in your business (both online & offline ) can turn around to get you more than 20+ other customers & clients down to your business. ( Not to talk much, this particular idea of giving others a reasons to recommend my business, products & services to others keep pulling my regular daily cash without any extra effort.

More Of My Advice
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If you are the type like me who think BIG you can create ( Partnership Program or Affiliate Program to your Business | Products | Services & pay them a fixed commission for any customer/client they bring into your business, or for any product or service sold through them. Implement It right. That's Leverage!

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"I would rather earn 1% off a 100 people's efforts than 100% of my own efforts." -John D. Rockefeller

Source: www.facebook.com/iwanttomakemoneyonlineinnigeria

Cc: lalasticlala, seun