₦airaland Forum

Apple will release quarterly earnings figures Tuesday as it flirts with a history-making, trillion-dollar market value based on its share price.

To hit the trillion-dollar mark, Apple shares would have to climb about seven percent from the $189.91 price logged at the close of official trading Monday on the Nasdaq.

The market is eager for news about demand for iPhones and how the company is riding out trade turbulence between the US and China.

President Donald Trump’s trade wars include 25 percent US tariffs on $34 billion in Chinese goods, with more on the way, and steep tariffs on steel and aluminum, which provoked China and others to hit back with import duties on US goods.

The Silicon Valley-based company is expected to unveil new iPhone models in the fall, sticking with its practice of releasing upgraded models annually ahead of the year-end holiday shopping season.

Source and more:
Apple earnings arrive with trillion-dollar value near
http://www.sanwomi.com/2018/07/apple-earnings-arrive-with-trillion.html

Blockchain is clearly one of the hottest trend narratives of the business world today. From startups boasting innovative strategies leveraging variations on this ledger technology to legacy corporations feverishly partnering in order to develop competitive advantages, the blockchain sphere is exploding, with enterprise spending in the arena reported to reach $9.7 billion in just the next three years. But there are a few hidden factors that most in the space in the space are missing in order to truly be prepared to drive their business forward.

Indeed a number of such revelations were recently discussed during the New York date of the Enterprise Blockchain Forum where the blockchain arena was analyzed and dissected from new leaders in the space. The result is a laser-focus on how to truly discern the most appropriate way forward to take advantage of blockchain’s many wonders which include not only reducing costs for transactions but also reducing fraud, improving product and system security as well as increasing transparency on a number of levels.


Source and more:
Hidden Trends Inside The Explosive $9.2 Billion-Projected Blockchain Arena http://www.sanwomi.com/2018/07/hidden-trends-inside-explosive-92.html

There are a number of ways that individuals can earn Bitcoin online. Unfortunately, just as in real life, there is no such thing as a free lunch. Any way of earning Bitcoin online will require something in exchange, whether it’s your time or your knowledge or your computer’s processing power.

Some of the methods outlined below will involve minimal effort but will also result in minimal returns. Other means of earning Bitcoin online may be more lucrative but they will require you to have a certain level of knowledge and expertise about the industry and the market. Therefore, although it may appear to some that Bitcoin, and cryptocurrency in general, is an easy way to make money, it is not as easy as some might expect without the requisite knowledge (a principle that can unsurprisingly be applied to any industry).



However, should you be interested in earning Bitcoin online it may be worth considering some of the below options, ranging from the least difficult (and least paid!) to the more substantial roles available in the Bitcoin ecosystem.

Micro Earnings

Contents [show]

Although micro-earnings is the easiest method in which to earn Bitcoin, it is also probably the most time consuming of all the methods discussed, especially when taking into consideration the amount of money to be made. Micro earning websites pay you in Bitcoin for completing small tasks. In return you can get a (very) small amount of Bitcoin. The most popular forms of micro earnings are as follows:

Paid-to-Click Websites

As suggested by the name, these websites pay users in Bitcoin for visiting certain websites or viewing certain advertisements. There are many PTC websites that will pay negligible amounts in Bitcoin for clicks and views, with Ads4BTC probably being the most famous and the most popular. This website allows users to choose between viewing ads that are 5 seconds, 10 seconds or 20 seconds, with different fees being awarded for each. Based on the prices offered by Ads4BTC, if you had 20 second ads running for an entire day, you would make less than $10 per day, so this may not be a viable option for most.

Bitcoin Faucets

A Bitcoin faucet is a type of website that gives away small amounts of Bitcoin to its users, with owners making money by placing ads on their website and pay individuals who visit the ads or complete surveys. This industry amounts of over 50% of the traffic on leading Bitcoin websites today. Faucets let visitors earn a percentage of the Bitcoin that they give away to any visitors that you brought in. This has resulted in users using a Bitcoin faucet rotator that allows users to quickly surf different faucets and earn a commission through rotation links for each faucet visited by you. However, similar to PTC websites, Bitcoin faucets are not a realistic way to earn good money, with even the best faucet rotators being applied still only enabling users to make no more than $1-2 per day.



Micro Jobs

Micro jobs are small tasks that can be completed for small amounts of Bitcoin. Websites such as Coinworker offer such tasks, which may involve simply testing a plugin to see if it is successfully compatible with a browser, or just retweeting a post. Again, the money is small but there is potential to earn a little bit more than the faucets of PTC websites.



Writing about Bitcoin

If you’re knowledgeable about Bitcoin, enthusiastic about the cryptocurrency industry in general and willing and able to share your knowledge, then you can also earn Bitcoin by doing so. The amount that can be earned by writing about Bitcoin varies, but can be quite lucrative depending on the level of expertise that you have on the subject.


Source and more:
How to Make Money with Bitcoin: 10 Ways to Earn Cryptocurrency

http://www.sanwomi.com/2018/07/how-to-make-money-with-bitcoin-10-ways.html

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NET WORTH:$825 MILLIONAge:48Born:November 4, 1969Country of Origin:United States of AmericaSource of Wealth:Professional Rapper/ProducerLast Updated:2018

Introduction

Sean John Combs, also known as P Diddy, is an American singer, actor, and rapper from New York City. He initially gained recognition when he worked as a talent director at Uptown Records before he founded his label Bad Boy Entertainment.

P Diddy’s net worth is estimated to be roughly $825 million as of 2018 and he is currently signed to Epic Records.



Early Life

Sean Combs was born in Harlem, New York on the 4th of November, 1969. His mother Janice was a teacher’s assistant and a part-time model.

His father Melvin served in the U.S military force but was shot to death in Central Park when Combs was only 2 years old.

In 1987 Combs graduated from the Roman Catholic Mount Saint Michael Academy. He was a business major at Howard University but he left before he started his sophomore year.



Career

Combs started to work as a talent director at New York’s Uptown Records. However, in 1993 he got fired from Uptown and started his own label Bad Boy Entertainment, with The Notorious B.I.G.

He gradually began signing more artists to the label, such as Usher, Lil Kim, TLC and Aretha Franklin.

In 1997 Combs switched his stage name to Puff Daddy, and he released his debut single “Can’t Nobody Hold Me Down” which was on the Billboard Hot 100 chart, number one.


Source and more:
P Diddy Net Worth http://www.sanwomi.com/2018/07/p-diddy-net-worth.html

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She’s just 18 years old. She’s a freshman in college studying industrial design. And before she left for school, she made her very first investment in stocks and bonds. It took her all of five minutes. I was so proud of her.

Over the past few months I have had the opportunity to talk with three first-time investors. In addition to my friend’s daughter mentioned above, I’ve also spoken with two friends in their twenties. One had never invested. The other had a 403(b), but really no idea how to create an investment plan or how to evaluate the mutual funds in his retirement account.

These conversations were eye-opening. At first I tried to reduce a lifetime of investing experience into a 20 minute conversation. I learned that many people really don’t care about emerging markets, REITs, or standard deviation. They also aren’t that interested in the debate between actively managed investments versus index funds.

What they do care about is risk. They want to understand the chances of losing money. Here it’s helpful to distinguish between volatility, which the industry defines as risk, and loss of purchasing power, which intelligent investors define as risk. But here again, I’ve gone too far into the weeds for most investors just starting out.

So in the end we talked about 4 things:

Time: Investing in stocks is for the long term. If you will need the money in a couple of years, keep it in a high yield savings account. Investing in stocks should be for a minimum of five years, and ten years is preferable.Diversification: Most investors should diversify across a wide spectrum of investments. The most important decision will be how much to invest in stocks versus bonds. For long term investors, more should be in stocks than bonds.Cost: Even small costs, multiplied over a lifetime of investing, will have a big impact on an investor’s results. It’s wrong to thing that a 1% fee is small. It can easily erode hundreds of thousands of dollars in value over a lifetime.


Source and more:
How To Invest For The Very First Time http://www.sanwomi.com/2018/07/how-to-invest-for-very-first-time.html

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Facebook groups can be a great way to find clients, earn income, and build community as an entrepreneurial woman.RAWPIXEL

When I was starting my business, I had no idea that Facebook groups had become one of the most powerful tools for entrepreneurs to connect with each other with their audiences. Once I did learn the value of Facebook groups, I was delighted to see these online communities transform into thriving ecosystems of female founders.

By participating in the Facebook groups I list here, I’ve found clients for my business, earned significant income and met friends who have helped me grow my business. If you’re a woman entrepreneur, I couldn’t recommend more highly that you join these groups:

1 Tech Ladies

Tech Ladies connects women to the best opportunities in tech. Aside from a frequently updated job board, they have lively discussion threads, free resources, events and an anonymous forum for asking personal questions. The group currently has over 25,000 members.

Source and more:
Seven Facebook Groups For Women Entrepreneurs
http://www.sanwomi.com/2018/07/seven-facebook-groups-for-women.html

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Google Nigeria has announced plans to reach more than 10 million Nigerians with free Internet access in five cities.

According to the global content provider, the Wi-Fi will be available in 200 Google stations in Lagos, Kaduna, Port Harcourt, Ibadan and Abuja by 2019.

This was made known on Thursday at the second Google for Nigeria event in Lagos, where the company announced updates on its Go products suites such as Google Go, YouTube Go, Google Maps Go and Android Go.

Speaking at the unveiling of the Google stations, the Google Nigeria Country Director, Juliet Ehimuan-Chiazor, said the initiative would address affordability and access to data as well as broadband penetration.

She stated that the free Wi-Fi was rolled out in partnership with an Internet Service Provider with extensive fibre network, 21st Century, adding that the company was open to partnerships with other ISPs and telcos.

Source and more:
We’ll give 10 million Nigerians free Internet access – Google http://www.sanwomi.com/2018/07/well-give-10-million-nigerians-free.html

Facebook Chief Executive Officer Mark Zuckerberg’s fortune took an almost $15bn hit on Thursday, as the social media giant headed for the biggest one-day wipe-out in the United States stock market history, a day after executives forecast years of lower profit margins.

At least 16 brokerages cut their price targets on Facebook after Chief Financial Officer, David Wehner, startled an otherwise routine call with analysts by saying the company faced a multi-year squeeze on its business margins,Reuters reported.

That “bombshell”, as one analyst termed it, played into concerns on Wall Street that Facebook’s model could be under threat after a year that has been dominated by efforts to head off concerns over privacy and its role in global news flow.

Shares fell as much as 19.6 per cent to $174.78, a decline that if sustained would wipe about $124bn off the company’s value – or nearly four times the entire market capitalisation of Twitter Inc.


Source and more:
Facebook CEO, Zuckerberg, loses $15bn in one day http://www.sanwomi.com/2018/07/facebook-ceo-zuckerberg-loses-15bn-in.html


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Nigeria’s liabilities to the World Bank Group now stands at $8.52bn, investigation has shown.

Statistics obtained from the Debt Management Office in Abuja on Wednesday showed that the group’s portfolio rose from $5.73bn as of March 31, 2015 to $8.52bn as of March 31, 2018.

This means that the bank’s commitment to the country rose by $2.7bn within a period of three years, which is an increase of 48.69 per cent.

There are, however, new disbursements and approvals from the World Bank Group that have not been captured in the country’s debt statistics.

An example of this is the $2.1bn approved by the board of the bank in June for seven projects to support Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency, polio eradication, women’s economic empowerment, public finance and national statistics, and reducing vulnerability to soil erosion.

Source and more:
World Bank portfolio in Nigeria rises to $8.52bn http://www.sanwomi.com/2018/07/world-bank-portfolio-in-nigeria-rises.html


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The nation’s foreign exchange reserves have dropped to a three-month low of $47.303bn, data from the Central Bank of Nigeria showed on Wednesday.

The reserves, which stood at $47.697bn on July 11, dropped by $394m in 13 days.

Data from the CBN revealed that the reserves rose from $47.333bn in April 24 to $47.846bn on May 11.

It was reported on July 13 that the reserves, which rose from $47.605bn on May 31 to $47.789bn on June 29, dropped by $102m to $47.697bn on July 11.

The Managing Director, Blackbit Limited, Wale Ajibade, in a telephone interview with our correspondent, stated that the drastic decline in the reserves could be attributed to government action in supporting the exchange rate.

He said, “This is what is putting pressure on the external reserves. I believe that a free market should be allowed, but it is a complex situation because the exchange rate can go up and lead to heightened inflation. But in the long run, the exchange rate would likely see a further demolition in value because of the support.”

Source and more:
External reserves drop to three-month low http://punchng.com/external-reserves-drop-to-three-month-low/

In order to make indigenous airlines viable, the Federal Government on Tuesday announced that it had commenced moves that would compel any public servant travelling on a ticket bought with public funds to travel on a Nigerian carrier.

According to the Minister of State for Aviation, Hadi Sirika, the government is making moves to have the National Assembly pass a ‘Fly Nigeria Act’ in order to achieve this target.

The minister also declared that it was false to state that Nigeria Air lacked a domain name, adding that those who wanted to steal the airline’s domain name would not get a kobo from the Federal Government.

In his response to social media questions, which was made available to our correspondent in Abuja on Tuesday, the minister said, “As part of efforts to make airlines viable in Nigeria, the ministry is making moves to have the National Assembly pass a fly Nigeria Act.


Source and more:
Public servants must fly Nigerian carriers – FG http://www.sanwomi.com/2018/07/public-servants-must-fly-nigerian.html

A visual representation of Bitcoin is displayed on December 22, 2017 in Paris, France. The price of bitcoin collapsed in January around the world, led by Asia. (Photo by Chesnot/Getty Images)

The bitcoin price has today climbed above the $8,000 mark for the first time since mid-May — leading many to predict a return to the bull run that last year powered bitcoin to almost $20,000.

The latest boost for bitcoin comes after a week that saw it add almost 20% to its price on the back of news that established financial giants are looking to get in on bitcoin and cryptocurrencies, and a raft of positive regulatory news around the world.

Meanwhile, the so-called bitcoin dominance rate — a measure of how much of the total cryptocurrency market is controlled by bitcoin — rose to 47% this week, the highest level since December last year, according to CoinMarketCap data.

The bitcoin price hasn’t been above $8,000 since mid-May.COINDESK

Here’s what’s pushing the bitcoin price higher right now…

Many have attributed the recent bullishness around bitcoin to the expected approval of a bitcoin exchange traded fund (ETF).

The U.S. Securities and Exchange Commission (SEC) is mulling whether to approve the ETF, which was filed through the Chicago Board of Exchange (CBOE) by New York-based VanEck and blockchain platform SolidX.

If approved a bitcoin ETF would mean people are able to buy into bitcoin without having to deal with clunky exchanges that often struggle with cumbersome regulation and lack of public trust.

It would now appear the bitcoin ETF is likely to get approved, according to an unconfirmed report by the ICO Journal late last week.

The website reports that two sources, one at the SEC and the other at the U.S. Commodity Futures Trading Commission (CFTC), have said they are ”nearly certain” that the bitcoin ETF will get approval — a decision that many are expecting around August 15.

“I would call [the likelihood of approval] 90% at this point. The crypto markets have moderated and regulators have watched the lack of drama surrounding bitcoin futures across several global exchanges,” one of the ICO Journal’s unnamed sources, from the CFTC, reportedly said. “The price moderation and adoption of a peer product is what the conversations have centered around. In January we were justifiably concerned about a bubble and the harm a quickly approved product could attract speculators and create losses that led to significant lawsuits. Now, those factors seem to be mitigated significantly.”


Source and more:
Bitcoin Just Hit $8,000 -- Here's What's Pushing It Up http://www.sanwomi.com/2018/07/bitcoin-just-hit-8000-here-what-pushing.html



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With the rapid growth of the e-Commerce industry, selling online has become one of the most trending businesses of today. We can see several online stores that have grown from a mere buying/selling platform into full-fledged online stores with their own warehouses. Although the industry is dominated by some giant stores such as Aliexpress, Amazon, etc., yet, thanks to simple, smart and intuitive shop building tools such as Shopify, we see now new stores emerging online every day. This growing trend of online shopping compels everyone to start making money while sitting at home. So, here are the top 25 most trending products to sell online in 2018.

1. Phone Accessories


As the smartphone industry is growing exponentially with each passing day, so does the phone accessories industry grow too! Phone covers, phone grips, screen protectors, chargers, earphones, and a variety of different products head into the market every now and then. In the previous years, we have seen this industry bringing in several innovative items that have now become a necessity for cellphone users. According to an estimate, this industry will reach around $107.3 billion in the market cap.

So, if you want to establish a long-term and profitable business, try starting your e-store with these small items. You will be astonished to see how these little things give you significant profit margins.

2 Smartwatches

Along with several 'smart' products, we can now see an array of smartwatches that make our lives easier. A few years back, no one could have thought of a watch telling us about our heart rate or blood pressure, or to guide us about our destination while traveling. But, today, the tech advancements have improvised this niche too.

Smartwatches are indeed a trending product niche for the year 2018. So why not include this product in your e-store to give it a boost?

3. Shapewears


Source and more:
Top 25 Most Trending Products to Sell Online in 2018

http://www.sanwomi.com/2018/07/top-25-most-trending-products-to-sell_22.html

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The President, African Export-Import Bank, Dr Benedict Oranma, has said there are plans by the bank to support Nigeria and a number of other African countries with $25bn within the next three years.

He disclosed this during an interview with our correspondent on the sidelines of the African Export-Import Bank Annual Meetings in Abuja.

He said following the move by the continent to implement the African Continent Free Trade Agreement, the bank would invest more in order to promote trade and investment on the continent and support more businesses to grow.

The African Continent Free Trade Agreement is expected to increase intra-African trade by 52.3 per cent from the current 19 per cent.

Already, 44 out of the 55 African countries had endorsed the agreement which would enable them to form a $3tn continental free-trade zone, encompassing 1.2 billion people.

Source and more:
Nigeria, others to get AFREXIM Bank’s $25bn grant http://www.sanwomi.com/2018/07/nigeria-others-to-get-afrexim-banks.html

After weeks of horse-trading over revenue underpayment by the Nigerian National Petroleum Corporation, the three tiers of government have finally received the sum of N668.8bn as allocation for the month of May.

The Director of Information, Federal Ministry of Finance, Mr Hassan Dodo, confirmed the release of the fund in a statement issued in Abuja on Friday.

He said the fund was released to the three tiers of government while reconciliation of the revenue underpayment was still ongoing.

The statement read in part, “Owing to the disagreement on remittances by the revenue generating agencies, especially the NNPC, the sharing of revenue for May 2018 that was meant to be distributed in June 2018 was put on hold.

“However, the urgent need to cushion the undue hardships being experienced by workers nationwide has made it necessary to distribute the May figures totalling N668.898bn to the three tiers of government, while efforts are being intensified to address the unsatisfactory remittances.”

Read more:
Revenue allocation: Finally, FG, states, LGs share N668.8bn http://www.sanwomi.com/2018/07/revenue-allocation-finally-fg-states.html

The Minister of Power, Works and Housing, Babatunde Fashola, on Friday lambasted the Association of Electricity Distributors and condemned its recent reaction to his directives to the Nigerian Electricity Regulatory Commission, the Bureau of Public Enterprises and Nigeria Bulk Electricity Trading Company.

Fashola, who called the association’s spokesperson an interloper, stressed that his directives went to legal entities and not to an unlicensed organisation, ANED, and accused the Discos of sabotaging the nation’s economy through their actions.

In a 28-page document released in Abuja on Tuesday by ANED, the power distributors argued that most of the statements about Nigeria’s power sector that were made last week Monday by Fashola were false.

They said comments made by the minister on metering, power generation and transmission capacities and stranded electricity, among others, were significantly distorted.

Read more:
Fashola lambasts power firms for sabotaging economy http://www.sanwomi.com/2018/07/fashola-lambasts-power-firms-for.html

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https://www.youtube.com/watch?v=k1LqkMopxL0][/url]

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Global oil benchmark, Brent crude, fell further on Monday amid talk of a possible release from global crude reserves, according to data from the International Monetary Fund showing a slowdown in global economic growth and the potential for United States waivers on Iran oil sanctions.

Brent, against which Nigeria’s oil is priced, dropped by $3.18 to $72.15 per barrel as of 8:30pm Nigerian time.

“The market is on the defensive because of the potential release of oil from global reserves,” said a senior market analyst at Price Futures Group, Phil Flynn, according to MarketWatch.

The President Donald Trump administration is considering a release from the US Strategic Petroleum Reserve, though a draw down from the stockpile of crude is not imminent, The Wall Street Journal reported on Friday, citing people familiar with the matter.

Read more:
Oil price tumbles to $72 per barrel http://www.sanwomi.com/2018/07/oil-price-tumbles-to-72-per-barrel.html

[url=
https://www.youtube.com/watch?v=ojCiThOfsi0][/url]

Making money online can be difficult than what people think and at the same time it can be easier than what people think.

Making money  online are in different aspect such as cryptocurrency trading, forex trading, Gift cards, free lance jobs, referral, affiliate network, Online tutorial, trading on e-commerce platforms, blogging, vlog, Scam, digital marketing and so much more.

We would like to ask our readers the make money online strategies they have used and has used that has worked for them with the platform or site they used it on?

Source:

What Online Make Money Method Have You Used That Has Worked Out For You? http://www.sanwomi.com/2018/07/what-online-make-money-method-have-you.html


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Record labels make their money off of selling records, but there’s all kind of royalties that the record company collects when a record is played, and that’s how they make their money. When every time a record is played on the radio or sold in a record shop, or sold online now they get a percentage of it, the artist gets a percentage of it, the writer gets a percentage of it.

They make money the way they have for years . . . off of the exploitation of the recordings themselves, and there’s a million ways that is exploited. So, now they make money off of every aspect of an artist’s career. There’s a deal type that’s been around for a while called the 360 deal, which means that they participate in all aspects of an artist’s career, like touring, merchandising, etc.

“So, you, as a label, are now making money off of pretty much every action an artist takes that involves getting income. A 360 deal is sort of the standard operating understanding in most labels, when you’re talking about a major label. You are going over to Interscope, and you’re signing a deal, and you’re like, “I’m going to be the next Justin Bieber.” You’re going to be signing a deal like that, where they participate in everything, including every T-shirt you sell. They’re going to have their own piece of that. It’s a giant markup on merchandise. A lot of people have made more off of the things surrounding the music than the music itself.

Read more:
HOW RECORD LABELS MAKE MONEY FROM MUSIC http://www.sanwomi.com/2018/07/how-record-labels-make-money-from-music.html

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Samsung Electronics Limited of Korea (“Samsung”) has launched the latest additions to its Galaxy J-family products in Nigeria, which are Galaxy J4 and J6, and Galaxy A6+.

During the unveiling of the devices in Lagos, the firm said the J-series was the mid-range smartphone series, while the A6+ was in the high-end category.

The Managing Director, Samsung Electronics, West Africa, Mr Jingak Chung, stated,“The Galaxy J-series smartphones blend materials with the most advanced Samsung technology. They have bright and vivid cameras, setting a new industry standard for design, craftsmanship and performance for smartphones in the mid-range category, and redefining the company’s signature Galaxy J-series.”

The Business Leader, Information Technology and Mobile, Samsung Electronics West Africa, Mr Olumide Ojo, described the Galaxy J4, J6, and A6+ as a testament to Samsung’s leadership and innovation in the smartphone market, and its commitment to developing best-in-class products to meet the ever-changing needs of its consumers.


Read more :
Samsung unveils new Galaxy brands in Nigeria http://www.sanwomi.com/2018/07/samsung-unveils-new-galaxy-brands-in.html

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The co-founder and Chief Executive Officer, BudgIT, Seun Onigbinde, in this interview with TOBI AWORINDE, says Nigerians expect harmony between the National Assembly and the executive to deliver exceptional results in the execution of the 2018 budget

What are your thoughts on the 2018 budget?

A budget that precedes an election period will definitely be an object of politicking and this is what we have seen. The trend I see is that the National Assembly is piling micro projects in the budget, defeating the essence of the Federal Government. I think the N100bn, which the executive has given to them to fix constituency projects, is enough. It is shocking that they reduced allocations for over 4,000 projects and added another 6,000 projects as stated by the President. The first problem is that the budget is not a product of shared vision by the executive and legislature. This is sad because both houses of the National Assembly are nominally led by the majority of the governing party. We also have issues of rising deficit and low revenue returns that should be the conversation but no one is talking about that. The budget is not realistic as revenues and GDP growth are overly optimistic.

President Muhammadu Buhari complained about the legislature increasing the National Assembly budget from N125bn to N139.5bn. That is a difference of N14.5bn. What impact does this have on the Nigerian economy?

The National Assembly does not deserve more than N60bn to do its work. However, they (members) have been drawing N125bn from the national treasury and civic groups have complained that this is too much. A university or teaching hospital doesn’t get more than N20bn annually. Why should the parliament spend more? National Assembly payments are first-line charge, which means even if Nigeria sells a barrel of oil, it will be paid. They are immune from revenue fluctuations and this is the sad part. Rather than come forward with details of their expenses and ensure it is thoroughly efficient, they are involved in huge expenditure. Public expenditure in the midst of revenue shortage is a tough call and increase in National Assembly budget and other bogus MDAs costs limit public funding for capital items. We can’t take giant leaps without making our cost of governance relative to abysmal revenues.

What do you make of the National Assembly’s injection of 6,403 projects, totaling N578bn, while making cuts of N347bn in allocations to 4,700 projects by the executive?

I believe the National Assembly has the power to appropriate funds and that function is open-ended. The executive needs to find interpretation in the Supreme Court but I guess they are afraid of the outcomes. The estimates submitted by the executive can be tinkered with to any length but great power comes with great responsibility. Because you have the powers to modify the budget does not mean to appropriate for private gain or without alignment to the set vision. I don’t think the National Assembly has done the right thing and the President should not have signed it. Buhari had 26 days to review the budget. Why did he not return it in 10 days?

Read more:
Buhari shouldn’t have signed 2018 budget — BudgIT CEO http://www.sanwomi.com/2018/06/buhari-shouldnt-have-signed-2018-budget_30.html


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The Lagos Chamber of Commerce and Industry has observed that the economy is losing a lot to the frequent cases of truck and tanker accidents.

The Director-General, LCCI, Mr Muda Yusuf, told our correspondent that the country was losing a lot in terms of resources, reputation, perception and pressure on infrastructure.

Yusuf was reacting to the tanker fire that occurred on the Otedola Bridge on the Lagos-Ibadan Expressway on Thursday in which 54 vehicles were burnt and nine lives were reported lost.

The tanker fire incident is coming barely one week after a truck carrying plywood fell on three commercial buses and a private car under the Ojuelegba Bridge in Lagos.

The accident, which occurred on June 20, claimed two lives, while several other people sustained injuries.

On September 2, 2015, a fully-loaded 40-foot container-laden truck skidded off the same bridge and landed on a black Toyota sports utility vehicle passing underneath.

Read more:
Tanker, truck accidents huge loss to economy – LCCI, others http://www.sanwomi.com/2018/06/tanker-truck-accidents-huge-loss-to.html

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Social media is changing more than the way we market and communicate; it is changing the way we raise capital.

Crowdfunding websites are popping up and connecting entrepreneurs with investors, producers with patrons, and causes with contributors.

According to www.socialmediaexaminer.com, crowdfunding builds upon the idea of crowdsourcing: “the act of outsourcing tasks, traditionally performed by an employee or contractor, to an undefined, large group of people or community (a “crowd”), through an open call.”

Crowdfunding pulls together a community – tightly knit or disparate – to fund a project, business or cause, usually via the Internet.

How crowdfunding works

Although the rules differ from site to site, generally, people (or businesses or charities) pitch an idea, set a fundraising goal and set a deadline for raising funds.

Potential patrons can review the pitches and decide if there are any they would like to support. On most crowdfunding sites, people are not investing in the project or business; rather, they are funding it. They are rewarded if the project comes to fruition, but don’t end up owning any part of the business or project.

Read more:
Crowdfunding: How to raise money from strangers http://www.sanwomi.com/2018/06/crowdfunding-how-to-raise-money-from.html

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Federal Government plans to raise $2.8bn of debt offshore as part of its 2018 budget and will explore all options to lower costs, the Director-General, Debt Management Office, Patience Oniha, has told Reuters.

The government has laid out plans to borrow abroad even though interest rates are rising in the United States, which could see Nigeria pay a higher premium on this occasion compared with its most recent debt sale in February.

Nigeria, which left recession last year, approved a three-year plan in 2016 to borrow more from abroad so that 40 per cent of its loans would come from offshore in an attempt to lower borrowing costs.

It now has around 23 per cent of its debt from abroad, up from 16 per cent when it approved the plan.

The debt office has sent a request for a proposal to banks for an international bond offering, the IFR reported, citing sources.

“We will explore all options keeping in mind our twin objectives of extending the tenor of the debt stock and lowering costs,” Oniha told Reuters, without giving details.

The National Assembly needs to approve the new borrowing.

Oniha in January said the DMO could tap capital markets or concessionary loans from the World Bank and would consider funding options after the 2018 budget had been approved.

President Muhammadu Buhari had on June 20 signed a record N9.12tn budget for 2018 into law, aimed at fostering growth before elections next February, in which he will seek a second term.

Read more:
FG to raise $2.8bn from abroad http://www.sanwomi.com/2018/06/fg-to-raise-28bn-from-abroad-dmo.html


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The gap between the really rich and the merely rich continues to widen, as fortunes soar to new heights. A record 2,208 billionaires made Forbes’ 32 annual ranking of the world’s billionaires. Altogether they are worth a record $9.1 trillion, up 18% from a year ago. The 20 richest people on the planet are worth a staggering $1.2 trillion, a sum roughly equivalent to the annual economic output of Mexico. In aggregate, they may represent less than 1% of total billionaires but their riches amount to 13% of the total fortune of all billionaires worldwide.

Jeff Bezos is the richest person on the planet and the first centi-billionaire atop our annual ranking. Shares of his e-commerce giant Amazon rose 59% in 12 months, helping boost his fortune by $39.2 billion. It was the biggest one year gain since Forbes started tracking billionaires in 1987. He easily moved ahead of Microsoft cofounder Bill Gates, who ceded the top spot for only the sixth time since 1995.

France’s Bernard Arnault had the second best year after Bezos. Record results at his luxury goods empire LVMH and a deal to buy out nearly all of Christian Dior helped boost Arnault’s fortune by $30.5 billion. He is the richest European for the first time since 2012 and number four richest in the world.


Read more:
Things to know About Forbes Richest Billionaires List http://www.sanwomi.com/2018/06/things-to-know-about-forbes-richest.html

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The International Fertilizer Development Centre has predicted an exponential increase in fertilizer consumption by Nigerian farmers as a result of the remarkable improvements in the local blending of the input under the Presidential Fertilizer Initiative of the Federal Government.

According to a report recently released by the IFDC in collaboration with the Food and Agricultural Organisation and other international agencies, fertilizer uptake by Nigerian farmers increased by 63 per cent in 2017, rising from 959,364 metric tonnes in 2016 to 1,564,816 metric tonnes.

In contrast, Ghana recorded 82 per cent increase in fertilizer consumption, although unlike Nigeria that has totally eliminated subsidy from the system, Ghana’s increased consumption was driven by a spike in government subsidy programmes, the report stated.

The report, which also noted the increase in the exportation of Urea by Nigeria, stated that exports in the area increased from 329,630 metric tonnes in 2016 to 659,603mt in 2017, with over 50 per cent of the product going to Brazil.

It also highlighted some of the achievements being recorded in agriculture through the PFI and hinged the fertilizer growth enablers on the revival of blending plants with the active support of the Central Bank of Nigeria and other agencies of the government.

It also quoted a member of the Fertilizer Producers and Suppliers Association of Nigeria, Mr Gideon Negedu, as saying the industry in the country was targeting to produce more than one million metric tonnes of blended NPK fertilizer this year, adding that with increase in crop yield in mind, players had agreed to the introduction of more critical micro nutrients in fertilizer blending for the 2018 PFI programme.

The PFI is a programme of the Federal Government designed to ensure an increase in the local manufacturing of fertilizer through the revival of moribund blending plants and possible establishment of new ones.

Since the government began its implementation in 2017 in partnership with the Fertilizer Producers and Suppliers Association of Nigeria, fertilizer blends have become available all year round, with the price at N5,500, down from N11,000 and above in previous years.

http://www.sanwomi.com/2018/06/nigerias-fertilizer-consumption-rose-by.html

1 INFINIX MOBILE:
Infinix mobile is currently the most popular brand in Nigeria. Infinix phones are the most used phones in Nigeria with the release of the Notes and Hots series.

2 GOTV:
Though Gotv is under multichoice but Gotv has surpassed other payed tv. Gotv has cheap monthly subscription with good service makes it popular among average Nigerians.

3 MTN:
MTN an has always been the most popular brand in the communication industry. It has the highest number of mobile data subscribers. But it users has been falling in recent years.

4 STARBOY ENTERTAINMENT:
Starboy entertainment is a very popular record label owned by the popular musician Wizkid.

5 BIGI:
Bigi drinks are series of drinks produced by Rite. They produced Bigi table water, BIGI lemon and lime drink, Bigi Cola drink etc. Bigi drinks can be seen in almost all shopping mall and stores in Nigeria.


Read more:
Most Popular Brand in Nigeria. http://www.sanwomi.com/2018/06/most-popular-brand-in-nigeria.html

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Dangote Flour Mills Plc has said it will improve its customer engagement strategies and strengthen supply chain capability to surpass its 2017 performance.

The shareholders of the company, at the Annual General Meeting in Lagos, approved a final dividend of 20 kobo for every ordinary share of 50 kobo each held in the company for the year ended December 31, 2017.

The company’s annual report and account presented at the AGM showed an 18.6 per cent increase in its turnover to N125.4bn from N105.7bn in 2016.

Its profit before tax increased to N22.44bn from N11.82bn in 2016, while the profit after tax rose by 43.1 per cent to N15.13bn from N10.57bn in 2016.

Read more:
Dangote Flour Mills promises shareholders improved performance http://www.sanwomi.com/2018/06/dangote-flour-mills-promises.html