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fp please

Lalasticlala

IVM Signs MOU with the Nigerian Air Force (NAF) to Supply More Parts for their Fighter Jets
   
The timely response from Innoson Vehicle Manufacturing (IVM) in supporting the Nigerian Air Force (NAF) by providing jet parts has enabled the NAF sustain its operations against the Boko Haram insurgents.
This first of its kind effort on our part has attracted the global audience as we were featured on CNN as the first Nigerian car maker to make jet parts and take NAF to the sky in fighter jets.
To further solidify this patriotic act and ensure the continuous supply of the fighter jet parts to NAF, the Chief of Air Force ably represented by Air Vice Marshal, J. M. Gbum and other top ranking Air Force Officials visited our Nnewi facility yesterday (on the 29th of March, 2016) to finalize the contract of supplying fighter jet parts to NAF.
The revisit to the facility, culminated with a signed Memorandum of Understanding (MOU) between IVM and NAF.
With this finalized arrangement, we are not only conquering the ground with our automobile brands, we are also helping NAF to conquer the air and defeat Boko Haram insurgency in Nigeria.

www.innosonmotors.com/ivm-signs-mou-with-naf/

its quite disheartening

Diamond Bank Executive Director, Victor Ezenweko Dies In His Sleep
By Anu / Tuesday, 29 Mar 2016 02:02PM


Mr Victor Ezenwoko, the Executive Director, Regional Businesses, of Diamond Bank, is dead.
A source said Ezenwoko died in his sleep, on Saturday morning, while another said he slumped and died immediately at his Lagos home, on Friday night.
However, the cause of the death is still unknown, but he was said to be looking healthy and cheerful without showing any signs of illness before his death.
Ezenwoko joined Diamond Bank in July 1997 as a start-up Branch Manager for Onitsha Bridgehead Branch and subsequently Branch Manager of Onitsha New Market Road Branch and Abuja Branch.
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Having made his mark in Branch Management, Ezenwoko was promoted to Regional Manager East.
Between 2002 and 2003, he functioned as Group Head, Large Commercial Businesses (Head Office) and Group Head, Commercial Banking Lagos Island.
He was appointed an Executive Director in 2010.


www.nigerianmonitor.com/diamond-bank-executive-director-victor-ezenweko-dies-sleep/

Access Bank Introduces New Multi-Functional ATMs
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THE NCR Corporation, one of the global leaders in consumer transaction technologies has announced that Access Bank Plc, one of the leading banks in Africa has enhanced its ATM portfolio with NCR’s latest SelfServ ATMs. This will improve speed of service, reduce downtime and enhance customer experience.
The NCR’s SelfServ 34 Cash Deposit ATM serves customers with a wide range of transactions like cash deposit and bill payment and can scale to cheques deposit. NCR also delivered SelfServ 34 Dual Dispenser ATMs which can handle high transaction volumes that makes Access Bank available to customer at all times.
Ojini Olaghere, executive director, operations and IT, Access Bank, said, “Access Bank aims to give its customers a clear reason to always bank with the best by delivering banking services that are fast, customer friendly and ultra-reliable. NCR has been a market leader and the addition of NCR suite of innovative ATM’s and security solution reiterates our commitment to be the first to drive new innovations in the Nigerian Banking sector and provide world class customer experience,” she added.
As part of the agreement, NCR will also deploy SelfServ 25 and SelfServ 26 ATMs to be located at various stations across Nigeria. The ATMs will be equipped with NCR industry-leading ATM Skimming Protection Solution, SPS, which uses jammers that generate multiple random signals and prevents any attempt by a criminal to isolate and record data from the magnetic stripe on the card.
Ahmed Abdel Aziz Hamada, country manager, NCR Nigeria, said “NCR continues to lead the ATM market in Africa with innovations that are critical to help financial institutions to enhance customer experience, reduce operating costs and defend the integrity of the banking channel from fraud attacks. Consumers and businesses want quick and easy access to banking services. Through our SelfServ ATMs, Access Bank customers will have fast, reliable access to their bank accounts and businesses will be able to make deposits even after their branch has closed.”

http://realnewsmagazine.net/banking-briefs/access-bank-introduces-new-multi-functional-atms/

lol

sauce added

buhari has refused to sign the 2016 budget.
Presidential sources have explained the reasons why President Muhammadu Buhari is yet to sign the N6.06 trillion 2016 Appropriation Bill, passed by the National Assembly last Wednesday.
Although, the leadership of the National Assembly handed over the Bill to the Presidency for assent before the Easter holidays, The Nation Newspaper has confirmed that Buhari is yet to sign the Budget.
It was learnt that the Bill did not contain details and sectorial breakdown, hence the delay for the president to append his signature.
Related: Deep details of what went down before the passing of the 2016 budget
Recall, that the eventual passage of the 2016 budget by the joint House of the National Assembly after much delay lightened the hopes of Nigerians who have been passing through severe suffering as a result of economic hardship.
A Presidency source who confirmed the receipt of the Bill from the lawmakers explained that though the President is anxious to sign the Bill, he would only do so after the National Assembly avails him of the details which were not contained in what was handed over.
Asked if that could be done within the period that the National Assembly would be on recess, the source said it was a possibility as the relevant officers in the National Assembly may be directed to send the details to the President.
Nigerians are anxiously waiting for the full implementation of the 2016 budget as a means of alleviating their present sufferings.

www.post-nigeria.com/buhari-refuses-to-sign-2016-budget/

We will ever regret MBuhari as president. He's not of good but of evil. "But wait o. have yu all noticed that when there re lapses in this government, they will bring in an allegation of PDP stealing billions?"

Jonathan’s legacy adopted in Benin Republic by Prime Minister
By Joshua Amaugo
March 21, 2016 13:38

The Prime Minister of Benin Republic, Lionel Zinsou, who contested the 2016 Benin Republic presidential election has on Monday, March 21, conceded defeat to his opponent a business mogul, Patrice Talon.
President Boni Yayi, had earlier appointed Zinsou after the new 28-member government, including 17 new ministers were formed.
Zinsou, served as an adviser to Yayi and was a managing partner at French bank, Rothschild and Cie after which he later joined Paris-based private equity firm, PAI partners in 2008.
Talon who is a business mogul was reported to have won the second round of Benin’s presidential election, while his opponent, the incumbent Prime Minister acknowledged defeat, prior to the release of official results.
While conceding, Zinsou said, “I called Patrice tonight to congratulate him on his victory and wish him good luck,” he said in a Facebook post before the final election results were announced.
Zinsou, a former economist and investment banker, was backed by the outgoing President Thomas Boni Yayi and the main opposition Democratic Renewal Party, in an early front-runner after winning the first round of voting of which he scored 27.1 percent of the vote, compared to 23.5 percent for Talon.
Zinsou, unable to out rightly secure majority of the votes across board in the first round of voting on March 6, 2016 conceded defeat after early results gave Talon 64.8 percent of the votes cast, as against 35.2 for Zinsou in the second run off. The incoming was a staunch supporter of Yayi before falling out of favor.
Talon, a 57-year-old entrepreneur acquired his wealth through cotton and running Cotonou’s port, and had severally billed himself as the authentic Beninese candidate and repeatedly attacked his opponent’s dual French nationality and repeatedly called him a “yovo” or “the white man” during campaigns.
However, Zinsou’s concession to defeat has been likened to that of former President Goodluck Jonathan in Nigeria who conceded defeat to President Muhammadu Buhari, before the official announcement of the 2015 presidential election result.

www.post-nigeria.com/jonathans-legacy-adopted-in-benin-republic-by-prime-minister/

Our growth, a result of Jonathan’s economic policies – Dangote
By Post Nigeria

President and Chief Executive of Dangote Group, Aliko Dangote said President Goodluck Jonathan’s administration has helped the company greatly.
According to him, the group will not be where it is without help from the President.
He made this known after the successful signing of the $3.30 billion loan agreement to finance Dangote Group’s petroleum refinery. He maintained that the group will “replicate the successes recorded in the cement industry through backward integration in petroleum refining”
“Your policies have helped us greatly. Without them, we will not be where we are today. We have taken the challenge and we will replicate the successes recorded in the cement industry through backward integration in petroleum refining,”
Meanwhile, President Jonathan praised the patriotism of the President and Chief Executive of the company, to the economic transformation of Nigeria, commending that the business mogul has faith in the Nigeria’s economy and that his administration has found a good ally in Dangote.
The President pledged that his administration will keep on implementing policies and measures that will continuously improve the operating environment for entrepreneurs and investors in the Nigerian economy.
The president commended plans by the Dangote Group to build Africa’s largest refinery, petro-chemical and fertilizer manufacturing complex in Nigeria and thanked the consortium of banks providing a $3.3 billion credit facility for the project.


www.post-nigeria.com/our-growth-a-result-of-jonathans-economic-policies-dangote/

@Mbuhari is a mistake

‘I Met $3.7 Billion In Reserve, While Buhari Met $30 Billion’ – Obasanjo
By Doyin Ajayi | Sub-Editor - Mar 21, 2016
Former Nigerian President Olusegun Obasanjo
Former President Olusegun Obasanjo has dismissed calls by some people demanding that he accounts for Abacha loot recovered by his administration. In an interview over the weekend, the former military general described such persons as “illiterates and stupid people”.
Obasanjo said the role of his office was to facilitate the recovery process and not how it was put to use.
“They said the money recovered from Abacha, I should account for it. What stupidity! The man who asked for it, the man who gave the judgement or who answered them are all stupid, with due respect.
“I don’t keep account, all Abacha loots were sent to Central Bank of Nigeria, CBN, and every bit of it was reported to Minister of Finance. My job was to write where we can get help to recover the money.
“Every penny that comes out of it went to CBN, so if they want to know what happened to the money, they should call CBN governor or call the Minister of Finance.
“But again, it shows ignorance, total ignorance, which is lacking and you wonder, are these people educated? They can also approach the man who helped us in recovering process to give the list of money recovered and where he took it,” Obasanjo said.
Buhari Luckier Than Me
While commenting on oil prices, Obasanjo said President Muhammadu Buhari was lucky comparing Buhari’s opportunities with his own.
“When I assumed office in 1999, I inherited $3.7 billion in reserve, while Buhari met $30 billion, almost 10 times of what I met then, and the price of oil then was $9. When it got to $20, I was dancing.
“I know the price is down now and with time, it will jump up again. What Buhari is doing currently is preparing ground for Nigeria to take advantage when it goes up again,” he maintained.

www.thetrentonline.com/i-met-3-7-billion-in-reserve-buhari-met-30-billion-obasanjo/

lilprinze:
useless party

As in eeeehhhhhh. Party of Rogues

she must be killed!

She was leaving the police station with APC officials and also wearing the face cap giving to her by Rivers APC chairman. She works for the APC! Gbam

Buhari arrives Nigeria, suspends aide

Barely few hours after President Muhammadu Buhari, departed Malabo, Equatorial Guinea, after the conclusion of his 2 days visit, the Director-General of the Pension Transitional Arrangement Directorate, PTAD, of the Federal Ministry of Finance, Nellie Mayshak, has been suspended over an alleged pension scam.
The Cable reports that Mayshak’s suspension is as a result of an alleged scam running into billions of naira which was recently discovered in the Directorate.
PTAD oversees the management of pensions under the defined benefit scheme for pensioners not transiting to the defined contributory scheme.
While the report has little information on the details of the scam, investigation is said to be ongoing by anti-graft agencies.
The Biometric Verification Number, BVN, scheme introduced by banks was reported to have led to the discovery of several shady dealings in the directorate.
Mayshak is said to be the highest earning government official in the federation, with a monthly salary of N60 million.

www.post-nigeria.com/buhari-arrives-nigeria-suspends-aide/

lalasticlala

am happy. I am from anambra state

Write your Will and prepare for your Obituary – Wike to Amaechi, APC, INEC

The fight for political dominance between the Minister of Transportation, Rotimi Amaechi and the Governor of Rivers State, Nyesom Wike, has taken a new dimension as both political heavyweights have decided to open up on their secret deals.
Governor Wike on Tuesday, March 15, during a political rally in Rivers state confessed that he personally ‘rigged’ the 2011 governorship election that led to Amaechi’s emergence as governor of the state.
Wike made this shocking revelation, during the Peoples Democratic Party, PDP, Rivers East Senatorial District Rally in Elele, boasting that he was the master of election rigger, adding that Amaechi cannot outdo him in the upcoming national assembly and state assembly re-run elections.
Wike warned officials of the Independent National Electoral Commission, INEC, to desist from forming alliance with the All Progressives Congress, APC, to rig the forthcoming polls

www.post-nigeria.com/write-your-will-and-prepare-for-your-obituary-wike-to-amaechi-apc-inec/

Stock Market Loses N811bn In 10 Week

The downward trend in the Nigerian stock market is showing no sign of abating any time soon as the market capitalisation has continued to fall, with 10 out of the 12 indices currently on the decline.
The market capitalisation of the Nigerian Stock Exchange fell by N811bn from the first trading day of this year till Friday date despite the gains recorded in the market last week, when 40 equities gained and 21 others declined. Similarly, 10 out of the 12 market indices are also in the red.
Market capitalisation is the total market value of the shares outstanding of a publicly traded company.
The NSE market capitalisation dropped from N9.75tn on January 4, 2016 to N8.939tn on Friday, while the All-Share Index also closed at 25,988.40 basis points from the 28,643.67 basis points recorded on the first trading day of the year.
investors made huge losses in the Nigerian equities market last year as the market capitalisation (equities only) of the NSE shed a total of N2.354tn between December 2014 and December 2015.
In the first seven trading days of this year, equity investors in the country’s capital market lost N804tn of their investments’ worth.
The market capitalisation, which was N9.75 on January 4, depreciated to N8.95tn after seven days of trading.
The NSE currently has 10 out of its 12 market indices in red when compared to the performance of the market this time last year. This represents about 83.33 per cent fall year-to-date.
The NSE All-Share Index, Premium Index, Main Board Index, 30 Index, Banking Index, Insurance Index, Consumer Goods Index, Lotus II Index, Industrial Goods Index and Pension Index closed negative year-to-date as of the last trading day.
Only two of the indices, the Alternative Securities Market Index and Oil & Gas Index, recorded gains of 0.10 and 4.97 per cent year-to-date, respectively. Both closed at 1,209.89 and 374.29 basis points on Friday.
The NSE All-Share Index closed at 25,988.40 basis points, falling by 9.27 per cent year-to-date; Premium Index closed at 1,491.63 basis points, shedding 5.89 per cent year-to-date; the Main Board Index closed at 1,188.74 basis points, with a loss of 11.15 per cent year-to-date; while the NSE 30 Index ended Friday at 1,147.60 basis points, falling by 10.88 per cent.
The NSE Banking Index closed at 247.08 basis points, shedding 7.97 per cent year-to-date; the Insurance Index closed at 131.68 basis points, haven lost 7.66 per cent; the Consumer Goods Index closed at 604.22 basis points, shedding 19.03 per cent; the Lotus Islamic Index ended at 1,799.77 basis points, depreciating by 9.96 per cent; the Industrial Goods Index closed at 2,014.87 basis points, shedding 7.01 per cent; and the Pension Index also shed 11.39 per cent year-to-date to close at 722.34 basis points on Friday.
A stock index is a measurement of the value of a section of the market. It is computed from the prices of selected stocks (typically a weighted average). It is a tool used by investors and financial managers to describe the market and to compare the return on specific investments.
A market index is a quick measure to judge the overall direction of the market and the scope of its movements.
The NSE ASI is the total market (broad-based) index reflecting a total picture of the behaviours of the common shares quoted on the NSE. It is calculated on a daily basis, showing how the prices have moved.
The Premium Board Index is an equity index designed to provide a benchmark to capture the performance of companies listed on it. The board features companies that meet the Exchange’s most stringent listing criteria of capitalisation, governance and liquidity.
The NSE-30 comprises the top 30 companies listed on the Exchange in terms of market capitalisation and liquidity (high frequency of trading of the shares), among other criteria. The index is reviewed quarterly.
The Lotus Islamic Index is an index of companies that are found to be compliant with the stringent rules of Sharia. For instance, companies dealing with pork, alcohol, gambling, tobacco and banks do not qualify to be part of the index.
It is aimed at helping the Islamic investor community as well as other interested investors to identify and invest in businesses that are compliant with the Sharia laws.
The NSE Pension Index, whose constituents meet certain criterion (taxable profits, dividend, free float, sector and individual stock weighting) as defined by the National Pension Commission Investment Guidelines, was created to ease the replication of equities portfolios and serve as a performance benchmark for pension asset managers, non-pension asset managers and investors.
The Alternative Securities Market Index is a specialised index for emerging businesses – small and mid-sized companies with high growth potential. It gives such companies the opportunity to raise long-term capital from the capital market at relatively low cost, allowing them to grow and be institutionalised.
On the state of the market year-to-date, the Senior Associate and Head, Investment Research, Afrinvest West Africa, Mr. Ayodeji Ebo, told our correspondent that investors, local and foreign, were still very cautious about participating in the Nigerian stock market.
“They are very conservative about the full year results; and this is expected. The year 2015 was indeed a very challenging year for investors, hence the need to thread with caution,” he said.
Ebo said amid these challenges, a right policy direction was capable of turning things around and return the declining NSE indices to positive trends.
He added, “For now, not much is happening. Things are getting worse. For instance, on the fiscal side, the 2016 budget has not been approved. Currently, the nation is plagued with nationwide petrol scarcity and unprecedented power outage, which has continued to push up overheads for companies, organisations and households.
“Things may even get worse if we do not review our policy stance as a nation in terms of fiscal policies, foreign exchange and the likes. We should be proactive as a people.”
Also commenting on the declining NSE indices, the President, Constance Shareholders Association of Nigeria, Alhaji Shehu Mikail, said in a telephone interview that the Federal Government should be blamed for the multiple misfortunes that had befallen the country’s capital market, and not the investors.
He said the wrong policies of government had only helped to propel the exit of potential investors from within and outside Nigeria.
Mikail noted, “The truth is that investors are running away from the market at the moment. There is no point blaming the NSE or investors. The NSE, which is the regulator of the market, has helped a great deal to sustain sanity in the market in this turbulent time.
“Many firms would have wanted to cut corners at this time, but it is rather difficult for them to do so because of the market regulator and its strict adherence to sanctions for errant players.”


www.pointblanknews.com/pbn/exclusive/stock-market-loses-n811bn-10-weeks/#.Vua9zDR4Kog.facebook

UrennaNkoli:
Boring jokes

thanks swty

more and enjoy ur day. happy sunday

more

network is bad but more on the way

contd

FG’s N3.1 trillion revenue loss traced to an individual
ON March 13, 2016 8:02 AM / IN News /
Comments
By Jide Ajani
Apparently believing that he had heard and seen the worst of how corrupt practices have brought Nigeria to her knees, President Muhammadu Buhari, last week, almost lost his cool when it was brought to his attention that a whopping $16 billion - at the official exchange rate of N196, this comes to N3.136 trillion; while, with the parallel market rate of N315, it comes to a whopping N5.04trillion) of the nation’s crude oil revenue loss could be traced to some sharp practices by some individuals in Nigeria’s oil and gas sector.
The quantum of funds in question are revenue that ought to have accrued to the Federal Government of Nigeria through oil-lifting deals which are now subject of intensive investigations.
Specifically, one of the arrow heads of the crude oil lifting scam, who has been invited and interrogated by the Economic and Financial Crimes Commission, EFCC, at least twice before, has been granted administrative bail, and “who is alleged to be warehousing a sizable chunk of the money, drew the ire of Mr. President”, an Aso Rock Presidential Villa source disclosed.
Sunday Vanguard learnt that even visiting South African President, Jacob Zuma, was caught in the cross winds of Buhari’s reinvigorated mode of anti-corruption, as he ordered that every kobo of the stolen funds must be recovered.
Similarly, information suggests that the government of the United States of America is helping in the provision of intelligence on how to trace some of the stolen funds from Nigeria.
Benin Republic and South Africa have both become safe havens for Nigeria’s stolen funds investigations have revealed.
$16BILLION
Sunday Vanguard learnt that once the revelations were made to Buhari, he ordered that EFCC must ensure that the looted funds are recovered.
According to Aso Rock insiders, the funds were “supposed to be proceeds from some of the crude oil sold on behalf of the Federal Government of Nigeria by these people and for which they were said not to have made the necessary returns to the coffers of the country”.
Continuing, one of the sources said: “You needed to have been there. You needed to have seen Mr. President. He was almost moved to tears at the colossal fraud that had taken place in the country.
“He became dejected because at a time when the nation’s resources had gone down badly, at a time when the foreign reserves are also not as much as would be befitting of a nation with vast potentials, such a huge amount of money can be traced to the illegal activities of some people.
“But Mr. President has ordered that every kobo must be recovered. Whatever it takes, he has made it clear that those funds must be recovered.”
Records of the oil-lifting schedules, timelines of transactions as well as proceeds that were meant to have accrued to government, the source said, “showed that some people just constituted themselves into a parallel government and were just making away with the nation’s resources.”
TRACING STOLEN FUNDS
Sunday Vanguard learnt that, as part of its bilateral agreement on intelligence sharing and anti-money laundering surveillance, the government of the United States is collaborating with the Buhari administration on how to trace some of the stolen funds domiciled in other countries - Benin Republic and South Africa have been identified as safe havens.
Part of the visit of South African President Jacob Zuma was said to be on the apparent reluctance “of the South African government to repatriate some funds stashed in the country.”
It was discovered that whereas the Federal Government has relaxed its forex policy, there has been a heavy movement of cash (in dollars) from Benin Republic back into the system in Nigeria.
The simmering diplomatic row between Nigeria and South Africa, sources disclosed, has more to do with the seeming unwillingness of the South African government to repatriate alleged stolen funds that have been traced to that country.
“This was part of what President Zuma came to resolve with Nigeria during his visit last week,” Sunday Vanguard said.

The best finance minister ever! in Nigeria #InRichardQuestVoice

doing well for her self