Xenophobia is what is trending in Nigeria now, and am sure you all what it is. In effect of this commotion, Adams Oshiomole, the National Chairman of Nigeria’s ruling party All Progressive Congress (APC) has called for the Nationalisation of South African Companies in Nigeria.

In the remark, the targeted South African companies, MTN, Multichoice, Stanbic IBTC asking Nigerians to boycott them. He also claimed Nigerian ownership in these companies are small compared to South African ownership and as such the government should threaten to nationalize the foreign ownership.

Although calling for a Nationalisation of South African companies or indeed any foreign company is currently not legally possible in the country and will require legislation. The last time nationalization happened was in the late seventies when former military leader Olusegun Obasanjo implemented the indigenization policy. Foreign investors are allowed to own 100% interest in any business in Nigeria.

However, the closeness between Adams Oshiomole and the President tells remarks like this could be viewed as representing the opinion of the government. Which put foreign investors wary and fear about investing in Nigeria under the Buhari dispensation due to its hawkish policies against foreign imports.

Statistical data gather from the National Bureau of Statistics reveals Nigeria received $5.82 billion capital inflows in the second quarter (Q2) of 2019, compared to $8.48 billion in the first quarter (Q1). This represents a whopping 31.4% quarter on quarter drop in inflows. Foreign Direct Investment, the most sought after of foreign investment was a paltry $222.89 million

SOURCE

https://okfiscal.com/south-african-business-in-nigeria-should-nationalise-says-apc-national-chairman-admas-oshiomole/

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[url = https://okfiscal.com/western-union-track-your-money-with-or-without-mtcn/ ]SOURCE[/url]

Xenophobia is what is trending in Nigeria now, and am sure you all what it is. In effect of this commotion, Adams Oshiomole, the National Chairman of Nigeria's ruling party All Progressive Congress (APC) has called for the Nationalisation of South African Companies in Nimillion

In the remark, the targeted South African companies, MTN, Multichoice, Stanbic IBTC asking Nigerians to boycott them. He also claimed Nigerian ownership in these companies are small compared to South African ownership and as such the government should threaten to nationalize the foreign ownership.

Although calling for a Nationalisation of South African companies or indeed any foreign company is currently not legally possible in the country and will require legislation. The last time nationalization happened was in the late seventies when former military leader Olusegun Obasanjo implemented the indigenization policy. Foreign investors are allowed to own 100% interest in any business in Nigeria.

However, the closeness between Adams Oshiomole and the President tells remarks like this could be viewed as representing the opinion of the government. Which put foreign investors wary and fear about investing in Nigeria under the Buhari dispensation due to its hawkish policies against foreign imports.

Statistical data gather from the National Bureau of Statistics reveals Nigeria received $5.82 billion capital inflows in the second quarter (Q2) of 2019, compared to $8.48 billion in the first quarter (Q1). This represents a whopping 31.4% quarter on quarter drop in inflows. Foreign Direct Investment, the most sought after of foreign investment was a paltry $222.89 million

Source:
https://okfiscal.com/south-african-business-in-nigeria-should-nationalise-says-apc-national-chairman-admas-oshiomole/

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.com /About us

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Commercal banks, whose loan-to-deposit ratios are below the new target stipulated by the Central Bank of Nigeria, are intensifying efforts to lure more borrowers before the September 30 deadline.

The CBN, in a circular dated July 3, 2019, mandated all deposit money banks to maintain a minimum loan-to-deposit ratio of 60 per cent by September 30, 2019 in a bid to improve lending to the real sector of the nation’s economy.

It said failure to meet the minimum LDR would result in a levy of additional cash reserve requirement equal to 50 per cent of the lending shortfall of the target LDR.

The CRR is the share of a bank’s total customer deposit that must be be kept with the CBN in the form of liquid cash. It is currently at 22.5 per cent.

“All the banks are working towards full compliance of the CBN pronouncement,” the Chief Executive Officer, First Bank of Nigeria Limited, Dr Adesola Adeduntan, said on Tuesday on the sidelines of a press briefing ahead of the Chartered Institute of Bankers of Nigeria’s forthcoming conference.

An analysis of the audited financial statements of the 13 DMBs listed on the Nigerian Stock Exchange showed that nine of them boosted their loan books in the first half of the year but only seven had a loan-to-deposit ratio of over 60 per cent as of June 2019.

FBN Holdings Plc expanded its loan book by N59.42bn in the first half of the year as loans and advances to customers rose to N1.74tn as of June 2019.

Unity Bank Plc increased its loans and advances to customers by N26.96bn to N70.62bn while its customer deposits rose slightly by 0.1 per cent to N242.22bn. Its LDR stood at 29.16 per cent as of June.

Zenith Bank Plc reduced its loan book by N21.28bn to N1.80tn, while deposits from customers grew to N3.81tn in June from N3.69tn in December 2018. Its LDR stood at 47.24 per cent.

United Bank for Africa Plc also cut its lending to customers by N27.78bn to N1.69tn as of June. With customer deposits of N3.51tn, its LDR stood at 48.15 per cent.

Ecobank Transnational Incorporated, the parent company of Ecobank Nigeria, reduced its loans and advances by N188bn to N3.15tn. With customer deposits of N5.83tn, its LDR stood at 54.03 per cent.

Adeduntan, who is the Chairman, Consultative Committee of the CIBN’s 12th Annual Banking and Finance Conference, stressed the need for banks to continue to lend in a safe and sound manner.

SOURCE

If you ask most men and women which job they hate doing around the house, ironing would probably be high on their list. The problem is people tend to procrastinate with ironing and then the pile grows. This makes the task almost insurmountable and extremely time-consuming.
you can earn good money pressing clothes for other people. with very little outlay, other than your time, you can begin earning money and building your own ironing business from home. as with all businesses, you may only have a few customers at first, but if you provide a professional service, the word will spread and soon you will be earning a healthy additional income from it.

GETTING STARTED WITH YOUR IRONING BUSINESS

to start with you obviously need an iron and an ironing board. there are other accessories that would be useful like a sleeve board or a seam press, but as you are just starting out let’s keep it simple.

next you will need to make some notices. these can be simple but effective. if you have a printer you can design one on the computer and print it off. if not simply write on a 3″ x 5″ card. you should say what it is you do, who you are, and a phone number. another positive item to include is “no pets and non-smoking house.” people don’t want their clothes returned smelling of smoke or covered in pet hair. if you are a non-smoker without pets, definitely put this on your ad.this will increase your customer base.

Display your ad on advertising/notice boards at various locations. Often grocery stores, libraries or public meeting places will have a notice board

Finally, Remember, when you are starting out, keep your price and overheads low.

Source:https://okfiscal.com/how-to-start-your-own-ironing-business-from-home/

If you ask most men and women which job they hate doing around the house, ironing would probably be high on their list. The problem is people tend to procrastinate with ironing and then the pile grows. This makes the task almost insurmountable and extremely time-consuming.
you can earn good money pressing clothes for other people. with very little outlay, other than your time, you can begin earning money and building your own ironing business from home. as with all businesses, you may only have a few customers at first, but if you provide a professional service, the word will spread and soon you will be earning a healthy additional income from it.

GETTING STARTED WITH YOUR IRONING BUSINESS

to start with you obviously need an iron and an ironing board. there are other accessories that would be useful like a sleeve board or a seam press, but as you are just starting out let’s keep it simple.

next you will need to make some notices. these can be simple but effective. if you have a printer you can design one on the computer and print it off. if not simply write on a 3″ x 5″ card. you should say what it is you do, who you are, and a phone number. another positive item to include is “no pets and non-smoking house.” people don’t want their clothes returned smelling of smoke or covered in pet hair. if you are a non-smoker without pets, definitely put this on your ad.this will increase your customer base.

Display your ad on advertising/notice boards at various locations. Often grocery stores, libraries or public meeting places will have a notice board

Finally, Remember, when you are starting out, keep your price and overheads low.

Source:https://okfiscal.com/how-to-start-your-own-ironing-business-from-home/

Nigerian Breweries Plc is aware of the recent publication by an online news platform about an alleged incident that occurred in early 2017.

At HEINEKEN, we do not tolerate bribery or corruption at any level. If an allegation emerges, a thorough investigation is carried out to establish the facts and, if necessary disciplinary action is taken –  regardless of the role or position.

In this case, we took exactly that approach and moved quickly to comprehensively address the issue.

Both the Board of nigerian breweries and HEINEKEN conducted an internal and external audit and investigation.

The Board and Management of nigerian breweries Plc remain committed to upholding Nigerian Laws and managing our operations in the most responsible and compliant way.

Source:https://okfiscal.com/nigeria-breweries-dutch-ceo-allege-of-corruption/

The Partnership Initiative in the Niger Delta Foundation on Friday said it had trained 200 youths in Edo State on renewable energy.

The Manager, Appropriate Technology Enabled Development of PIND Foundation, Dr Teslin Giwa, in a statement on Friday said the youths were trained on how to operate, install and maintain small to medium solar PV technology solutions and project management.

He said this during the graduation ceremony of the beneficiaries held at the Edo Production Centre.
The training which lasted for one month was done in collaboration with the Edo State government and the Skills Development for Youth Empowerment.

Giwa said the training was to make the youths entrepreneurs and solve the problem of electricity in the country due to incessant failure of electricity providers.

He said the youths would be given a starter pack to go into the business and in turn, become employers of labour in the various skills acquired.

He said, “light is very important to human existence and these youths have been trained to be industrious and establish their businesses to provide solar energy for Nigerians especially this era of powers failure.”

Edo State Commissioner for Wealth Creation and Empowerment, Mr Felix Akhabue, said the state government supported the initiative because of its resolve to empower Edo youths.

Source:
https://okfiscal.com/200-edo-youth-received-training-on-renewable-energy-from-niger-delta-foundation/

Federal Government should allocate at least N1 billion from the looted fund recovered since 1999 to each local goverment area - Femi Falana
Human rights activist, Femi Falana has said the federal government should give each of the 774 local government areas in Nigeria at least N1 billion from looted funds it recovered since 1999.  

Falana was a key speaker at the 20th Mike Okonkwo Annual Lecture to mark the 74th birthday of Mike Okonkwo, Presiding Bishop of The Redeemed Evangelical Mission (TREM), Lagos. He said the fund would be used for creating jobs for women and the youth at the grassroots and subsequently curb crime rates in the country.  

 Falana was quoted as saying that at least N1 trillion had been recovered in 19 years, asking the government to declare the exact amount recovered and what it was used for.

The Federal Government has recovered huge sums of money from looters. One of the policies of government, the whistle-blowing policy, has fetched the country N605 billion as of three months ago.  
[quote]
I am, therefore, suggesting that the billions recovered by the EFCC, let the Federal Government allocate at least N1 billion area for job creation for our young men and women.

Commenting on the judiciary, Falana said even though the law stipulates equality, it is difficult for the poor to get justice. According to him, if the poor fail to get justice, they would revolt and cause anarchy.

“Because if the poor do not get justice, whether the government likes it or not, whether you arrest al the Sowores of this world, there will be a revolution one day. Because when the poor rise, it can be dangerous in any society. It can even lead to anarchy, as it is the case now.  

“Wednesday, what happened in Lagos the attacks if you watched the film on television, you will know that we are in trouble. Some of the criminal elements openly carried the loot on their heads and the police had a hard time containing the crisis. That is why we must go out and ensure that injustice in the polity is addressed,” he said.

Source:
https://okfiscal.com/federal-government-should-allocate-at-least-n1-billion-from-the-looted-fund-recovered-since-1999-to-each-local-goverment-area-femi-falana/

You Don't have to queue before you deposit or withdrawal again.
Enough of complains and poor customer service.

Banking now made easy. With you gadget you can your banking with ALAT wema bank.


Introducing the first fully digital bank in nigeria- ALAT by Wema Bank. This is Nigeria’s first fully digital bank. As opposed to the regular banking system, everything is done from the comfort of your mobile phone through an app.
But before i go deep on how to register and ALAT banking system, I thought is worth noting to explain what digital banking is.

WHAT IS DIGITAL BANKING
Digital banking is part of the focused context for the move to online banking, where banking services are delivered over the internet. The shift from traditional to digital banking has been gradual and remains ongoing, and is constituted by differing degrees of banking service digitization. Digital banking involves high levels of process automation and web-based services and may include APIs enabling cross-institutional service composition to deliver banking products and provide transactions. It provides the ability for users to access financial data through desktop, mobile and ATM services.
digital banking must encompass the front end that consumers see, the back end that bankers see through their servers and admin control panels and the middleware that connects these nodes.
Ultimately, a digital bank should facilitate all functional levels of banking on all service delivery platforms. In other words, it should have all the same functions as a head office, branch office, online service, bank cards, ATM and point of sale machines, services such as:

Account holders documentation
Money Deposits, Withdrawals and Transfers Management of account
Applying for Financial Products
Loan Management
Bill Payment
Account Services.
The reason digital banking is more than just a mobile or online platform is that it includes middleware solutions. Middleware is software that bridges operating systems or databases with other applications. Financial industry departments such as risk management, product development and marketing must also be included in the middle and back end to truly be considered a complete digital bank. Financial institutions must be at the forefront of the latest technology to ensure security and compliance with government regulations.

[url]https://okfiscal.com/the-first-digital-banking-in-nigeria-alat-by-wama-bank/ [/url]
REASON WHY YOU HAVE TO USE DIGITAL BANKING
The major benefits of digital banking are:

Business efficiency – Not only do digital platforms improve interaction with customers and deliver their needs more quickly, they also provide methods for making internal functions more efficient.

cost savings – One of the keys for banks to cut costs is automated applications that replace redundant manual labor. Traditional bank processing is costly, slow and prone to human error, according to McKinsey & Company. Relying on people and paper also takes up office space, which runs up energy and storage costs. Digital platforms can future reduce costs through the synergies of more qualitative data and faster response to market changes.

Increases accuracy– Taditional banks that rely mainly on paper processing can have an error rate of up to 40%, which requires reworking. Coupled with lack of IT integration between branch and back office personnel, this problem reduces business efficiency. By simplifying the verification process, it’s easier to implement IT solutions with business software, leading to more accurate accounting. Financial accuracy is crucial for banks to comply with government regulations.

improved competitiveness – Digital solutions help manage marketing lists, allowing banks to reach broader markets and build closer relationships with tech savvy consumers. CRM platforms can track customer history and provide quick access to email and other forms of online communication. It’s effective for executing customer rewards programs that can improve loyalty and satisfaction.

greater agility – The use of automation can speed up both external and internal processes, both of which can improve customer satisfaction. Following the collapse of financial markets in 2008, an increased emphasis was placed on risk management. Instead of banks hiring and training risk management professionals, it’s possible for risk management software to detect and respond to market changes more quickly than even seasoned professionals.

enhanced security – All businesses big or small face a growing number of cyber threats that can damage reputations. In February 2016 the Internal Revenue Service announced it had been hacked the previous year, as did several big tech companies. Banks can benefit from extra layers of security to protect data.

In addition we all know how stressful banking in Nigeria can be, from the long banking hall lines to the numerous charges and sometimes the long procedures involved in opening a new account.

ALAT is here and promises to be the change we’ve all been waiting for. Digital banking is the future and we are ready for it now! Digital banking has the capacity to understand and quickly build a very good user experience to improve efficiency and decrease costs.
ALAT is Nigeria’s first fully functional digital bank. With ALAT, you can do all your banking transactions without being physically present at a bank.

Creating An Account
Open an ALAT account from your phone with your BVN and phone number, no paperwork required. The account currently available on ALAT is the standard savings account, though they promise to have more account options in the future
To have your account fully activated, You will need to upload a photo of a valid means of identification (a government-approved ID card), a photo of a utility bill (not older than 3 months) and your passport photograph.

Getting Your ALAT Debit Card
Pick one of three bank card designs available and it will be delivered to you in about two business days, anywhere in Nigeria, at no cost. You can activate your debit card, lock it, unlock it and choose where it works all from your phone.

Funding Your Account
You can fund your Account via a Wema Bank Current or Savings Account (If you are an existing Wema Bank customer) or via other local or foreign card from any bank. You could also make a direct cash deposit via any Wema Bank branch.

How To Make A Cool N10,000 With ALAT By Wema Bank
Create Your Account

Download ALAT from Google Play or the Apple App Store, sign up with your BVN and phone number, then upload a couple of basic documents to activate your account.

Refer your friends

Open the ALAT app, sign in and click Refer a Friend on the menu to get your unique referral code. Share this code with your friends by chat, SMS, email or on social media.

Cash out

For every friend who joins ALAT with your referral code and funds their ALAT account with N500, ALAT will give you a token of N500 in return. When you refer up to ten friends who fund their ALAT accounts with N500 each and upload required documents, an extra N5,000 will be added to your account.

Advantages Of Having An ALAT Account
ALAT By Wema Bank will save you time with a simple account opening process.

It will help you put money away easily by automating your savings.
It will make sure your bills are paid on time with its scheduled payments feature.
They deliver a free debit card you can activate, lock and unlock from your phone to you anywhere in Nigeria.
You can also use your card abroad. All you have to do is click Card Control in the Cards menu, set the channels your card will work on and the country/countries where you will use it.
You can withdraw money from your ALAT account via an ATM without using your debit card.
How To withdraw money from an ATM without a card
Log into the ALAT app, click Send Money on the menu then click ATM Cardless Transfer.

Fill in the required details and authenticate the transfer with your ALAT PIN. You will receive a pay code by email.

To withdraw your money, go to any cardless-enabled or pay code-enabled ATM and follow these instructions:

Press ENTER to clear the ATM screen.
Select CashOut Paycode.

Type the reference number and the cashout PIN.

Type the amount of money you want to withdraw.

For more info on ALAT, check them out on www.alat.ng, email – help@alat.ng or call: 070022552528

Future Of Digital Banking
In conclusion, the decision for banks to add more digital solutions at all operational levels will have a major impact on their financial stability and improves their services provision.

Source;

https://okfiscal.com/the-first-digital-banking-in-nigeria-alat-by-wama-bank/

You Don't have to queue before you deposit or withdrawal again.
Enough of complains and poor customer service.

Banking now made easy. With you gadget you can your banking with ALAT wema bank.

[img] https://www.google.com/imgres?imgurl=http%3A%2F%2Fimg.dunyanews.tv%2Fnews%2F2017%2FNovember%2F11-08-17%2Fnews_big_images%2F413487_86128256.jpg&imgrefurl=http%3A%2F%2Fdunyanews.tv%2Fen%2FBusiness%2F413487-SBP%2C-PTA-devise-draft-for-%2F%27Digital-Bank%2F%27-in-Pakistan&docid=tk3GAzoGUPgbsM&tbnid=mcUiJYghhlS0lM%3A&vet=1&w=556&h=370&bih=560&biw=360&ved=2ahUKEwjz-LSSubzkAhWMmBQKHSvzDf8QxiAoAHoECAEQHQ&iact=c&ictx=1 [/img]

The Economic and Financial Crimes Commission, on Thursday, said it had arrested 48 persons for involvement in Internet fraud and other financial crimes from January this year to date.

It stated that out of the number, 13 were facing prosecution, while three had already been convicted.



The Head of Operations, Makurdi Zonal Office, EFCC, Johnson Babalola, revealed these at a news conference in the state capital.

He explained that the commission had embarked on intensive manhunt for Internet fraudsters, adding that it was collaborating with the United States of America’s Federal Bureau of Investigation and Interpol to rid the country of financial crimes.

According to him, the anti-graft agency is also engaged in multi-sectoral advocacy with the National Youth Service Corps, the police, civil society organisations and at market places, noting that the collaboration was already yielding results.



Babalola stated, “It is a matter of common knowledge that Nigeria has been in the news of recent. We are also aware that the FBI’s list of fraudsters is under investigation and the substantial majority of those on the list are Nigerians, and because of the strategic partnership and professional collaboration that we have with the FBI, we interface and the issues are being taken care of.

“Even before the emergence of that list, we are all aware that the commission as a whole has embarked on intensive manhunt for internet fraudsters called ‘Yahoo Yahoo boys’. During the period under review, we embarked on an intensive investigation, which led to the arrest of 48 suspects; 13 of these suspects are being prosecuted and we have secured the conviction of three.

“We are all aware that the activities of these fraudsters are capable of eroding the credibility of Nigeria and Nigerians, and they are busy causing problems for the integrity of our businessmen abroad.



“Recently, our chairman was one of the critical stakeholders that met with Interpol in Abuja; it was an Interpol arrangement. Apart from the FBI, we still collaborate with Interpol to rid this country of economic and financial crimes.”

Source:
https://okfiscal.com/48-internet-fraudster-arrested-in-benue-state-efcc/

Introducing the first fully digital bank in nigeria- ALAT by Wema Bank. This is Nigeria’s first fully digital bank. As opposed to the regular banking system, everything is done from the comfort of your mobile phone through an app.
But before i go deep on how to register and ALAT banking system, I thought is worth noting to explain what digital banking is.

WHAT IS DIGITAL BANKING

Digital banking is part of the focused context for the move to online banking, where banking services are delivered over the internet. The shift from traditional to digital banking has been gradual and remains ongoing, and is constituted by differing degrees of banking service digitization. Digital banking involves high levels of process automation and web-based services and may include APIs enabling cross-institutional service composition to deliver banking products and provide transactions. It provides the ability for users to access financial data through desktop, mobile and ATM services.
digital banking must encompass the front end that consumers see, the back end that bankers see through their servers and admin control panels and the middleware that connects these nodes.
Ultimately, a digital bank should facilitate all functional levels of banking on all service delivery platforms. In other words, it should have all the same functions as a head office, branch office, online service, bank cards, ATM and point of sale machines, services such as:

•Account holders documentation
•Money Deposits, Withdrawals and Transfers •Management of account
•Applying for Financial Products
•Loan Management
•Bill Payment
•Account Services.
The reason digital banking is more than just a mobile or online platform is that it includes middleware solutions. Middleware is software that bridges operating systems or databases with other applications. Financial industry departments such as risk management, product development and marketing must also be included in the middle and back end to truly be considered a complete digital bank. Financial institutions must be at the forefront of the latest technology to ensure security and compliance with government regulations.

REASON WHY YOU HAVE TO USE DIGITAL BANKING
The major benefits of digital banking are:

Business efficiency – Not only do digital platforms improve interaction with customers and deliver their needs more quickly, they also provide methods for making internal functions more efficient.

cost savings – One of the keys for banks to cut costs is automated applications that replace redundant manual labor. Traditional bank processing is costly, slow and prone to human error, according to McKinsey & Company. Relying on people and paper also takes up office space, which runs up energy and storage costs. Digital platforms can future reduce costs through the synergies of more qualitative data and faster response to market changes.

Increases accuracy– Taditional banks that rely mainly on paper processing can have an error rate of up to 40%, which requires reworking. Coupled with lack of IT integration between branch and back office personnel, this problem reduces business efficiency. By simplifying the verification process, it’s easier to implement IT solutions with business software, leading to more accurate accounting. Financial accuracy is crucial for banks to comply with government regulations.

improved competitiveness – Digital solutions help manage marketing lists, allowing banks to reach broader markets and build closer relationships with tech savvy consumers. CRM platforms can track customer history and provide quick access to email and other forms of online communication. It’s effective for executing customer rewards programs that can improve loyalty and satisfaction.
greater agility – The use of automation can speed up both external and internal processes, both of which can improve customer satisfaction. Following the collapse of financial markets in 2008, an increased emphasis was placed on risk management. Instead of banks hiring and training risk management professionals, it’s possible for risk management software to detect and respond to market changes more quickly than even seasoned professionals.

enhanced security – All businesses big or small face a growing number of cyber threats that can damage reputations. In February 2016 the Internal Revenue Service announced it had been hacked the previous year, as did several big tech companies. Banks can benefit from extra layers of security to protect data.

In addition we all know how stressful banking in Nigeria can be, from the long banking hall lines to the numerous charges and sometimes the long procedures involved in opening a new account.

ALAT is here and promises to be the change we’ve all been waiting for. Digital banking is the future and we are ready for it now! Digital banking has the capacity to understand and quickly build a very good user experience to improve efficiency and decrease costs.

Now Let Discuss ALAT How Mode Of Operation

ALAT By Wema Bank

ALAT is Nigeria’s first fully functional digital bank. With ALAT, you can do all your banking transactions without being physically present at a bank.

Creating An Account
Open an ALAT account from your phone with your BVN and phone number, no paperwork required. The account currently available on ALAT is the standard savings account, though they promise to have more account options in the future
To have your account fully activated, You will need to upload a photo of a valid means of identification (a government-approved ID card), a photo of a utility bill (not older than 3 months) and your passport photograph.

Getting Your ALAT Debit Card

Pick one of three bank card designs available and it will be delivered to you in about two business days, anywhere in Nigeria, at no cost. You can activate your debit card, lock it, unlock it and choose where it works all from your phone.

Funding Your Account
You can fund your Account via a Wema Bank Current or Savings Account (If you are an existing Wema Bank customer) or via other local or foreign card from any bank. You could also make a direct cash deposit via any Wema Bank branch.

How To Make A Cool N10,000 With ALAT By Wema Bank
Create Your Account

Download ALAT from Google Play or the Apple App Store, sign up with your BVN and phone number, then upload a couple of basic documents to activate your account.

Refer your friends

Open the ALAT app, sign in and click Refer a Friend on the menu to get your unique referral code. Share this code with your friends by chat, SMS, email or on social media.

Cash out

For every friend who joins ALAT with your referral code and funds their ALAT account with N500, ALAT will give you a token of N500 in return. When you refer up to ten friends who fund their ALAT accounts with N500 each and upload required documents, an extra N5,000 will be added to your account.

Advantages Of Having An ALAT Account
ALAT By Wema Bank will save you time with a simple account opening process.

It will help you put money away easily by automating your savings.
It will make sure your bills are paid on time with its scheduled payments feature.
They deliver a free debit card you can activate, lock and unlock from your phone to you anywhere in Nigeria.
You can also use your card abroad. All you have to do is click Card Control in the Cards menu, set the channels your card will work on and the country/countries where you will use it.
You can withdraw money from your ALAT account via an ATM without using your debit card.
How To withdraw money from an ATM without a card
Log into the ALAT app, click Send Money on the menu then click ATM Cardless Transfer.

Fill in the required details and authenticate the transfer with your ALAT PIN. You will receive a pay code by email.

To withdraw your money, go to any cardless-enabled or pay code-enabled ATM and follow these instructions:

Press ENTER to clear the ATM screen.

Select CashOut Paycode.

Type the reference number and the cashout PIN.

Type the amount of money you want to withdraw.

For more info on ALAT, check them out on www.alat.ng, email – help@alat.ng or call: 070022552528

Future Of Digital Banking
In conclusion, the decision for banks to add more digital solutions at all operational levels will have a major impact on their financial stability and improves their services provision.

Source:
https://okfiscal.com/the-first-digital-banking-in-nigeria-alat-by-wama-bank/

The Nigerian National Petroleum Corporation (NNPC) has disclosed that earnings from oil and gas production in June were down by 44.65 per cent, indicating a value reduction of about $226.38 million between May and June 2019.

The Corporation, in its June 2019 monthly financial and operations report stated that in May, the sales value of oil and gas production in Nigeria was $547.61 million. This, however dropped to $321.23 million in June.
Additionally, it lost N4,730,839,707 to oil theft in June as against N5,657,069,733 lost to same in May, but could not cut down its expenditure on repairs of pipeline in June when it spent N16,812,746,932 as against the N12,430,497,197 spent in May.

“A total export sale of $321.23 million was recorded in June 2019; a decrease of 44.65 per cent compared to the previous month,” said the report.

According to it: “Crude oil export sales contributed $248.22 million (77.27 per cent) of the dollar transactions compared with $458.59 million contribution in the previous month.

“Also, the export gas sales amounted to $73.01 million in the month. The June 2018 to June 2019 crude oil and gas transactions indicated that crude oil and gas worth $5.98 billion was exported,” the corporation said.

Source:
https://okfiscal.com/oil-income-dropped-by-45-nnpc/

Even the time space to return the money is short.
See more;
https://okfiscal.com/deposit-bad-naira-note-into-bank-before-monday-2nd-september/

Corruption verywhere
Similar crime story
https://okfiscal.com/efcc-arrest-28-suspects-and-recover-n486m-in-a-joint-operation-with-fbi/

Two scholars from the University of Lagos have attracted a total of €1200,000, pounds (N540,000,000 million) for research.

Reports have it that the grants were from the United Kingdom Research and Innovation Global Challenges Research Fun
The scholars are Dr Sunday Adebisi, Director, African Research Universities Alliance ARUA Centre of Excellence in Unemployment and Skills Development, and Prof. Timothy Nubi, Director, Centre for Urbanisation and Habitable Cities. Adebisi secured the grant for Partnership, Research and Capacity Building for Youth Unemployment Solutions in Africa while Nubi got the grant for African Research Network for Urbanisation and Habitable Cities. The duration of the research projects is 36 months – from Sept. 1, 2019, to Aug. 31 2022..
Enweani Reports have it that the grants are for the development of integrated solutions that will maximise employment opportunities and enhance the future of work in Africa. They are also to provide a strategic platform for developing research capacities in African institutions to address Sustainable Development Goals (SDGs), using a hub and spoke models that will increase collaboration among African teams from diverse disciplines. They are also to be used to fund themed capacity-building workshops, PhD Colloquia in conferences and researcher exchange programmes that will promote mentoring as well as carry out scoping studies in research areas, specific to Africa’s urbanisation challenges.

Adebisi told NAN on Saturday in Lagos that a major aim of the grant was to tackle the challenges of youth unemployment, using a stakeholder network approach involving academic research institutes and non-academic institutions with shared vision, interest, goals and objectives. According to him, this will build significant research capacity across African universities as well as promote youth employment and skills development in African countries starting with universities in Nigeria, Ghana, Kenya, Egypt and South Africa. He added that it would enhance the realisation of the SDGs. “It will also provide sponsorship for academic training for seven doctoral students, six post-doctoral fellows as well as 15 faculty members distributed across African universities for capacity building in carrying out research on skills development for reducing youth unemployment in Africa.

Source:
https://okfiscal.com/two-unilag-scholars-received-n540000000-worth-project-research/

Related crime:
$9.6bn: FG should file corruption charges against P&ID boss — Ex-AGF Michael Aondoakaa
A former Attorney-General of the Federation, Michael Aondoakaa, has advised the Federal Government to file corruption charges against representatives of the Process and Industrial Developments firm for entering into a sham contract with some unscrupulous Nigerians.

The former AGF said this during an interview with Sunrise Daily on Channels Television on Monday.

“Everyone involved must face the law including the foreigner. You cannot do this in the United States,” he said.

He said the contract with P&ID was illegal abinitio because it was not approved by the Federal Executive Council, adding that there was no budgetary provision for such a contract.

Aondoakaa, who was the AGF from 2007 to 2010, also stated that no such contract was ever brought before executive council which means it was unlawful from the onset.

He, therefore, advised the government to tackle the issue from the root since illegality cannot be the foundation of a legitimate contract.
source:
https://okfiscal.com/9-6bn-fg-should-file-corruption-charges-against-pid-boss-ex-agf-michael-aondoakaa/

Two unilag student attract #540,000,000 worth project research
https://okfiscal.com/two-unilag-scholars-received-n540000000-worth-project-research/

Here is the best selling Top 7 Android phones so far and where you can easily by them
https://okfiscal.com/top-10-android-phones-and-their-price-in-nigeria-in-2019-so-far/

Guys you just gat to check my rating on the top 7 Android phones in this year so for
https://okfiscal.com/top-10-android-phones-and-their-price-in-nigeria-in-2019-so-far/

Check out the top 7 best Android phone so far
https://okfiscal.com/top-10-android-phones-and-their-price-in-nigeria-in-2019-so-far/

Nigeria's Equities market closed the month of August 2019 southwards as market sentiment sustained negative posture due to continuous sell pressure. The NSEASI dipped further by -0.69% as against -7.50%loss recorded in the month of July 2019 while the NASD USI also closed southwards with -0.50% loss recorded at the end of the month under review as against -2.99% loss in July 2019.

 

On market development, regulation and investors protection, the Securities and ExchangeCommission has announced that ithas made progress in the implementation of its consolidation of multiple shareholder accounts and electronic dividend mandate management system (e-dmms). The commission stated that about 3.4bn shares have been consolidatedwhile about 2.7m share accounts have so far been captured under the e-DMMS.

 

The Nigerian Stock Exchange Has Published Its Derivatives Rulebook Which Is Made Pursuant To The memorandum and articles of association of the nse and is subject to the provisions of the isa, and the sec rules made thereunder. the rulebook is expected to be binding upon members in their relationship with The Exchange, as between themselves as Members, and as relates to the business which they conduct as Members of The Exchange with the general public.

Source :
 
https://okfiscal.com/august-capital-market-report/In this edition of The Nigerian Capital Market
Service Report, we continue the updates of our data section with latest figures on Economic indicators & Upcoming Events in the market and economy. This is to ensure that we deliver a comprehensive capital market service report that helps cover and track innovations, developments as well as service issues in the market effectively. 

In conclusion, the august 2019 sss quality report is a snapshot and aide memoire of developments in our market - tracking milestones that the investing public should be aware of

Source:
https://okfiscal.com/august-capital-market-report/