The Delta State Police Command have arrested three suspects in connection with the decomposing corpse of a lady found under the bed of a hotel at Sapele.

The lady identified as Abina Isaac, was found dead in Ebis Hotel in Amukpe area of Sapele earlier this month. Her father is Ghanaian and mother from Delta State.
Spokesperson of the command, DSP Onome Onovwakpoyeya, who confirmed the arrest to newsmen but did not disclose the identity of the suspects, said;
“We got him through his phone number that took us to Abuja where we apprehended him and from there we brought him back to Delta,” Onovwakpoyeya said.

“The politician is currently helping us with investigation towards unraveling the true cause of the incident. We are detaining him at the Sapele Area Command, and we shall transfer the case to Asaba (State Police Command) once we are done for prosecution,” he added.
The alleged politician, who reportedly led the police operatives from Sapele Area Command to arrest two other suspects from Benin, was tracked and nabbed in Abuja.

The trio are now in the custody of Sapele Command while further diligent investigation is said to be on course

More pictures & Source:
https://okfiscal.com/police-arrest-2-suspects-and-a-politician-over-the-decomposing-corpse-on-a-lady-under-hotel-bed

I can easily teach you how to verified Google AdSense
Just contact me on https://okfiscal.com/contact-page/

Announcement Announcement Announcement!!!!!!!! The central bank of Nigeria(CBN) has instructed Nigerians to deposit any bad naira note in their possession into banks before monday September 2nd

CBN said it is recalling the bad currencies to improve the overall quality of the Naira notes in circulation. Naira notes expected to be deposited in banks include those which are weak and could easily tear at further handling or processing, mutilated notes that are partially or permanently damaged but which clearly still has more than half of its original size together.

 

The announcement was made in an email GTBank sent out to its customers on Friday August 30. 

 

It read “Important CBN Notice on Naira Notes” 

As part of its efforts to improve the overall quality of the Naira notes in circulation, the Central Bank of Nigeria (CBN) has introduced the Clean Note Policy and Banknotes Fitness Guidelines.

What does this mean for you?

If you have in your possession, overused or mutilated Naira notes, you are required by the Central Bank of Nigeria (CBN) Clean Note Policy to deposit such notes at any (bank) branch near you on or before Monday, September 2, 2019.

Please note that overused notes include any Naira note that is now weak to such an extent that it could easily tear at further handling or processing.

Mutilated notes include any Naira note that has been partially or permanently damaged, but which clearly still has more than half of its original size together.

As Nigerians, it is our patriotic and collective responsibility to handle the Naira with care; and as your Bank, we urge you to comply with this directive in order to improve the quality of our national currency.

Source:
https://okfiscal.com/deposit-bad-naira-note-into-bank-before-monday-2nd-september/

What awaits kogi

The governor of Kogi state, Yahaya Bello has won the states All Progressives Congress, APC, governorship ticket.

He emerged the party’s flagbearer by garnering 3, 127 votes. Thecable reports that a total of 3,596 delegates were accredited in the primary which held in Lokoja, the state capital. 
Source:
https://okfiscal.com/another-4-years-for-yahaya-bello/

Another nigeria has been killed report reaching today confiirms 46-year-old Pius Ezekwem, a Nigerian businessman residing in the Eastern Cape Province in South Africa death.
According to reports, Pius who ran a chain of bed and breakfast guest houses, was picked up by eight police officers at a Nigerian eatery last weekend and was forcefully taken to his home for a search and interrogation.
An argument between Pius and the South African police officers degenerated so fast that a gun shot was fired, leading to Pius’ death. Pius was married to a South African who was present at the scene of the incident. He reportedly asked the policemen to kill him in his house as he would not follow them to where they wanted to take him to. Sadly, the policemen allegedly killed him in the presence of his family.

All phones were seized except that of Pius’ sister in-law who recorded his altercation with the police.

Confirming the incident, the Nigerian Ambassador to South Africa, Godwin Adama, said a formal report has been launched to the South African police on the incident

An autopsy has been carried out but the result has not been released.

Not one of the police officers have been arrested.
Source:
https://okfiscal.com/shocking-news-another-nigerian-man-shot-dead-in-south-africa/

Another nigeria has been killed report reaching today confiirms 46-year-old Pius Ezekwem, a Nigerian businessman residing in the Eastern Cape Province in South Africa death.
According to reports, Pius who ran a chain of bed and breakfast guest houses, was picked up by eight police officers at a Nigerian eatery last weekend and was forcefully taken to his home for a search and interrogation.
An argument between Pius and the South African police officers degenerated so fast that a gun shot was fired, leading to Pius’ death. Pius was married to a South African who was present at the scene of the incident. He reportedly asked the policemen to kill him in his house as he would not follow them to where they wanted to take him to. Sadly, the policemen allegedly killed him in the presence of his family.

All phones were seized except that of Pius’ sister in-law who recorded his altercation with the police.

Confirming the incident, the Nigerian Ambassador to South Africa, Godwin Adama, said a formal report has been launched to the South African police on the incident

An autopsy has been carried out but the result has not been released.

Not one of the police officers have been arrested.
Source:
https://okfiscal.com/shocking-news-another-nigerian-man-shot-dead-in-south-africa/

No fewer than 25 military and police personnel have been arrested in connection with the killing of three policemen in the IGP Intelligence Response Team, IRT, and a civilian by soldiers in Taraba State, following the arrest of a kidnap kingpin, Hamisu Wadume, who was allegedly set free by the soldiers.
They were said to be in collusion with the kidnap kingpin in his kidnapping business, which had reportedly fetched him millions of naira. This is even as the Joint Investigation Committee set up by the Defence Headquarters on the directive of President Muhammadu Buhari to investigate the killing of the police officers sits today to question representatives of the police and the military in Taraba today.
According to a source, Wadume maintained and oiled a machinery of security operatives, including police and military personnel from across Taraba State which fed him with information on movements and location of victims for kidnapping. They were also said to have fed the kidnap kingpin with dossiers of those capable of paying ‘good’ ransom as well as possible hideouts and escape routes. It was gathered that through tracking and interception facilities, investigators were able to discover conversations which gave out the roles of both the police and military personnel who had roles to play for the kingpin.

The source added that it was for these reasons that the kidnap kingpin was able to elude several attempts by the police authorities to arrest him in the many years that he has been on their wanted list. “I can tell you that over 20 military and police personnel have been arrested since this investigation started. They gave the kingpin coverage all these years the police have been looking for him. This is the reason it has taken this long to get him,” said the source who pleaded anonymity. It was also gathered that the investigating committee would meet in Taraba to question representatives of the military and police on the killing today. Vanguard learned that police and military officers to defend their agencies left for Taraba last night. They are to appear before the committee and give account of what actually transpired on the day the IRT personnel were killed. Admiral Olaiya heads JIP It would be recalled that the Joint Investigation Panel, headed by Rear Admiral IT Olaiya, a former Director of Naval Intelligence, also has as members a representative each from the Nigerian Army, Navy, Air Force, the Nigeria Police Force, Department of State Service, DSS, and the Defence Intelligence Agency, DIA. Disclosing the formation of the panel last week, the Defence Headquarters through a statement by Col Onyema Nwachukwu, Acting Director, Defence Information, had said: “In compliance with the presidential directive issued by the President, Commander-in-Chief of the Armed Forces of Nigeria, President Muhammadu Buhari, the Chief of Defence Staff, Gen Abayomi Gabriel Olonisakin, has constituted a 7-man Joint Investigation Panel to unravel the circumstances that led to the unfortunate incident between the Nigerian Army and the Nigeria Police allegedly resulting in the killing of three personnel of the Nigeria Police and a civilian along Ibi-Wukari road in Taraba State.

“The Joint Investigation panel is headed by Rear Admiral IT Olaiya and has a representative each from the Nigerian Army, Navy, Air Force, the Nigeria Police, Department of State Service and the Defence Intelligence Agency.” The killing of the IRT members, including ASP Felix Adolije, who led the team, Inspector Mark Ediale, Sergeants Usman Danzumi and Dahiru Musa as well as a civilian, Olajide Owolabi, sparked off national outrage, with family members, individuals and groups calling on the Federal Government to ensure justice was done on the matter

Source:
https://okfiscal.com/taraba-police-killing/

Seriously this situation is alarming

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Hello house my name is Jonathan
I blog about personal finance
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No fewer than 25 military and police personnel have been arrested in connection with the killing of three policemen in the IGP Intelligence Response Team, IRT, and a civilian by soldiers in Taraba State, following the arrest of a kidnap kingpin, Hamisu Wadume, who was allegedly set free by the soldiers.
They were said to be in collusion with the kidnap kingpin in his kidnapping business, which had reportedly fetched him millions of naira. This is even as the Joint Investigation Committee set up by the Defence Headquarters on the directive of President Muhammadu Buhari to investigate the killing of the police officers sits today to question representatives of the police and the military in Taraba today.
According to a source, Wadume maintained and oiled a machinery of security operatives, including police and military personnel from across Taraba State which fed him with information on movements and location of victims for kidnapping. They were also said to have fed the kidnap kingpin with dossiers of those capable of paying ‘good’ ransom as well as possible hideouts and escape routes. It was gathered that through tracking and interception facilities, investigators were able to discover conversations which gave out the roles of both the police and military personnel who had roles to play for the kingpin.

The source added that it was for these reasons that the kidnap kingpin was able to elude several attempts by the police authorities to arrest him in the many years that he has been on their wanted list. “I can tell you that over 20 military and police personnel have been arrested since this investigation started. They gave the kingpin coverage all these years the police have been looking for him. This is the reason it has taken this long to get him,” said the source who pleaded anonymity. It was also gathered that the investigating committee would meet in Taraba to question representatives of the military and police on the killing today. Vanguard learned that police and military officers to defend their agencies left for Taraba last night. They are to appear before the committee and give account of what actually transpired on the day the IRT personnel were killed. Admiral Olaiya heads JIP It would be recalled that the Joint Investigation Panel, headed by Rear Admiral IT Olaiya, a former Director of Naval Intelligence, also has as members a representative each from the Nigerian Army, Navy, Air Force, the Nigeria Police Force, Department of State Service, DSS, and the Defence Intelligence Agency, DIA. Disclosing the formation of the panel last week, the Defence Headquarters through a statement by Col Onyema Nwachukwu, Acting Director, Defence Information, had said: “In compliance with the presidential directive issued by the President, Commander-in-Chief of the Armed Forces of Nigeria, President Muhammadu Buhari, the Chief of Defence Staff, Gen Abayomi Gabriel Olonisakin, has constituted a 7-man Joint Investigation Panel to unravel the circumstances that led to the unfortunate incident between the Nigerian Army and the Nigeria Police allegedly resulting in the killing of three personnel of the Nigeria Police and a civilian along Ibi-Wukari road in Taraba State.

“The Joint Investigation panel is headed by Rear Admiral IT Olaiya and has a representative each from the Nigerian Army, Navy, Air Force, the Nigeria Police, Department of State Service and the Defence Intelligence Agency.” The killing of the IRT members, including ASP Felix Adolije, who led the team, Inspector Mark Ediale, Sergeants Usman Danzumi and Dahiru Musa as well as a civilian, Olajide Owolabi, sparked off national outrage, with family members, individuals and groups calling on the Federal Government to ensure justice was done on the matter

Source:
https://okfiscal.com/taraba-police-killing/

No fewer than 25 military and police personnel have been arrested in connection with the killing of three policemen in the IGP Intelligence Response Team, IRT, and a civilian by soldiers in Taraba State, following the arrest of a kidnap kingpin, Hamisu Wadume, who was allegedly set free by the soldiers.
They were said to be in collusion with the kidnap kingpin in his kidnapping business, which had reportedly fetched him millions of naira. This is even as the Joint Investigation Committee set up by the Defence Headquarters on the directive of President Muhammadu Buhari to investigate the killing of the police officers sits today to question representatives of the police and the military in Taraba today.
According to a source, Wadume maintained and oiled a machinery of security operatives, including police and military personnel from across Taraba State which fed him with information on movements and location of victims for kidnapping. They were also said to have fed the kidnap kingpin with dossiers of those capable of paying ‘good’ ransom as well as possible hideouts and escape routes. It was gathered that through tracking and interception facilities, investigators were able to discover conversations which gave out the roles of both the police and military personnel who had roles to play for the kingpin.

The source added that it was for these reasons that the kidnap kingpin was able to elude several attempts by the police authorities to arrest him in the many years that he has been on their wanted list. “I can tell you that over 20 military and police personnel have been arrested since this investigation started. They gave the kingpin coverage all these years the police have been looking for him. This is the reason it has taken this long to get him,” said the source who pleaded anonymity. It was also gathered that the investigating committee would meet in Taraba to question representatives of the military and police on the killing today. Vanguard learned that police and military officers to defend their agencies left for Taraba last night. They are to appear before the committee and give account of what actually transpired on the day the IRT personnel were killed. Admiral Olaiya heads JIP It would be recalled that the Joint Investigation Panel, headed by Rear Admiral IT Olaiya, a former Director of Naval Intelligence, also has as members a representative each from the Nigerian Army, Navy, Air Force, the Nigeria Police Force, Department of State Service, DSS, and the Defence Intelligence Agency, DIA. Disclosing the formation of the panel last week, the Defence Headquarters through a statement by Col Onyema Nwachukwu, Acting Director, Defence Information, had said: “In compliance with the presidential directive issued by the President, Commander-in-Chief of the Armed Forces of Nigeria, President Muhammadu Buhari, the Chief of Defence Staff, Gen Abayomi Gabriel Olonisakin, has constituted a 7-man Joint Investigation Panel to unravel the circumstances that led to the unfortunate incident between the Nigerian Army and the Nigeria Police allegedly resulting in the killing of three personnel of the Nigeria Police and a civilian along Ibi-Wukari road in Taraba State.

“The Joint Investigation panel is headed by Rear Admiral IT Olaiya and has a representative each from the Nigerian Army, Navy, Air Force, the Nigeria Police, Department of State Service and the Defence Intelligence Agency.” The killing of the IRT members, including ASP Felix Adolije, who led the team, Inspector Mark Ediale, Sergeants Usman Danzumi and Dahiru Musa as well as a civilian, Olajide Owolabi, sparked off national outrage, with family members, individuals and groups calling on the Federal Government to ensure justice was done on the matter

Source:
https://okfiscal.com/taraba-police-killing/

The minister of state of petroleum resources – timipre sylva
The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria must bring down the cost of production of its crude oil as the country is currently a laughing stock in the way it runs business in the oil and gas sector.

He said this on Tuesday in Abuja while playing host to the Country Chair/Managing Director, Total Exploration and Production, Nigeria, Mike Sangster, who led a delegation from his company to visit the minister.

The minister, who unveiled some of his plans in the oil and gas sector, was quoted in a statement issued by the Federal Ministry of Petroleum Resources as saying, “We have to bring down our cost of production of crude, as we are presently a laughing stock in the way we do our business.”


He noted that the country was making losses in the sector.
Sylva frowned on the unwarranted practice perpetuated by some international oil companies and expressed the hope that Total E&P was not among the IOCs that sold the country’s assets.

“Those assets are amortised assets; you can’t sell what you don’t have,” the minister told his guests.

Sylva stated that he expected the country to be producing nothing less than four million barrels of crude per day and decried the situation where Nigeria was still hovering between two million and 2.2 million.

“The quicker we produce our oil, the better for us. The industry has to grow. We need to look at exploration. Our reserves are growing far less than expected,” he said.
The minister also spoke on the necessity of getting the Petroleum Industry Governance Bill revisited by the National Assembly.

He said, “We need to tidy up the regulatory environment with the National Assembly. I have called the Group Managing Director of the Nigerian National Petroleum Corporation for us to meet with the National Assembly and have a timeline which we can announce to the world.
“We also need to harmonise the laws so that we don’t have too many with which we can regulate the industry.”

On his part, Sangster stated that the main purpose of the visit of his team was not only to congratulate the minister but also to express Total’s firm belief in the minister’s ability to proffer solutions to the challenges facing the oil and gas industry

Source:
https://okfiscal.com/omg-nigeria-a-laughing-stock-in-oil-business-minister-of-state-of-petroleum-resources/

The Economic and Financial Crimes Commission has said that it has recovered $314,000 and N373m ( N486m in all) from suspects in connection with the Federal Bureau of Investigation probe into the list of nearly 80 Nigerians indicted for fraud.



The acting Chairman of the EFCC, Ibrahim Magu, further stated that the collaboration between the commission and the FBI, led to the recovery of the funds.



Magu said while the sum of $314,000 had been recovered, the sum of N373m had been traced to various commercial banks by the Lagos zonal office of the commission.
He also disclosed that the recent joint operations coordinated by the commission had yielded 28 arrests, adding that 14 suspects had been charged and convicted.

The EFCC chair further stated that “nine of the suspects are currently undergoing trial, while five are still under investigations.

“Over 80 cases are still under investigation from the EFCC-FBI joint operations.”

[url] https://okfiscal.com/efcc-arrest-28-suspects-and-recover-n486m-in-a-joint-operation-with-fbi/ [/url]

Speaking during a media briefing in Lagos on Tuesday, Magu, who spoke through Mohammed Rabo, Zonal Head, EFCC, Lagos, added that, the Lagos zone of the commission, prior to the collaborative efforts with the FBI, had independently launched a sustained operation on perpetrators of various computer-related frauds.

He said: “From 2018 to date, the EFCC had launched a sustained operation on perpetrators of various computer-related frauds, which resulted in over 200 arrests, 130 convictions and recovery of a large number of exotic cars and properties suspected to have been acquired through the proceeds of crime.
Source:
https://okfiscal.com/efcc-arrest-28-suspects-and-recover-n486m-in-a-joint-operation-with-fbi/

The Economic and Financial Crimes Commission has said that it has recovered $314,000 and N373m ( N486m in all) from suspects in connection with the Federal Bureau of Investigation probe into the list of nearly 80 Nigerians indicted for fraud.



The acting Chairman of the EFCC, Ibrahim Magu, further stated that the collaboration between the commission and the FBI, led to the recovery of the funds.



Magu said while the sum of $314,000 had been recovered, the sum of N373m had been traced to various commercial banks by the Lagos zonal office of the commission.
He also disclosed that the recent joint operations coordinated by the commission had yielded 28 arrests, adding that 14 suspects had been charged and convicted.

The EFCC chair further stated that “nine of the suspects are currently undergoing trial, while five are still under investigations.

“Over 80 cases are still under investigation from the EFCC-FBI joint operations.”

[url] https://okfiscal.com/efcc-arrest-28-suspects-and-recover-n486m-in-a-joint-operation-with-fbi/ [/url]

Speaking during a media briefing in Lagos on Tuesday, Magu, who spoke through Mohammed Rabo, Zonal Head, EFCC, Lagos, added that, the Lagos zone of the commission, prior to the collaborative efforts with the FBI, had independently launched a sustained operation on perpetrators of various computer-related frauds.

He said: “From 2018 to date, the EFCC had launched a sustained operation on perpetrators of various computer-related frauds, which resulted in over 200 arrests, 130 convictions and recovery of a large number of exotic cars and properties suspected to have been acquired through the proceeds of crime.

The Economic and Financial Crimes Commission has said that it has recovered $314,000 and N373m ( N486m in all) from suspects in connection with the Federal Bureau of Investigation probe into the list of nearly 80 Nigerians indicted for fraud.



The acting Chairman of the EFCC, Ibrahim Magu, further stated that the collaboration between the commission and the FBI, led to the recovery of the funds.



Magu said while the sum of $314,000 had been recovered, the sum of N373m had been traced to various commercial banks by the Lagos zonal office of the commission.
He also disclosed that the recent joint operations coordinated by the commission had yielded 28 arrests, adding that 14 suspects had been charged and convicted.

The EFCC chair further stated that “nine of the suspects are currently undergoing trial, while five are still under investigations.

“Over 80 cases are still under investigation from the EFCC-FBI joint operations.”

[url] https://okfiscal.com/efcc-arrest-28-suspects-and-recover-n486m-in-a-joint-operation-with-fbi/ [/url]

Speaking during a media briefing in Lagos on Tuesday, Magu, who spoke through Mohammed Rabo, Zonal Head, EFCC, Lagos, added that, the Lagos zone of the commission, prior to the collaborative efforts with the FBI, had independently launched a sustained operation on perpetrators of various computer-related frauds.

He said: “From 2018 to date, the EFCC had launched a sustained operation on perpetrators of various computer-related frauds, which resulted in over 200 arrests, 130 convictions and recovery of a large number of exotic cars and properties suspected to have been acquired through the proceeds of crime.

The Economic and Financial Crimes Commission has said that it has recovered $314,000 and N373m ( N486m in all) from suspects in connection with the Federal Bureau of Investigation probe into the list of nearly 80 Nigerians indicted for fraud.



The acting Chairman of the EFCC, Ibrahim Magu, further stated that the collaboration between the commission and the FBI, led to the recovery of the funds.



Magu said while the sum of $314,000 had been recovered, the sum of N373m had been traced to various commercial banks by the Lagos zonal office of the commission.
He also disclosed that the recent joint operations coordinated by the commission had yielded 28 arrests, adding that 14 suspects had been charged and convicted.

The EFCC chair further stated that “nine of the suspects are currently undergoing trial, while five are still under investigations.

“Over 80 cases are still under investigation from the EFCC-FBI joint operations.”

[url] https://okfiscal.com/efcc-arrest-28-suspects-and-recover-n486m-in-a-joint-operation-with-fbi/ [/url]

Speaking during a media briefing in Lagos on Tuesday, Magu, who spoke through Mohammed Rabo, Zonal Head, EFCC, Lagos, added that, the Lagos zone of the commission, prior to the collaborative efforts with the FBI, had independently launched a sustained operation on perpetrators of various computer-related frauds.

He said: “From 2018 to date, the EFCC had launched a sustained operation on perpetrators of various computer-related frauds, which resulted in over 200 arrests, 130 convictions and recovery of a large number of exotic cars and properties suspected to have been acquired through the proceeds of crime.

Do you know that the stock market lost about #27.9bn? In a statement report release on tuesday by the Nigerian stock market shows that the market has reverted to its losing trend as it lost N27.9bn following sell-offs witnessed in large cap stocks.

The market capitalisation of equities declined from N13.214tn on Monday to N13.186tn on Tuesday as the All Share index depreciated by 0.21 per cent to close at 27,058.62 basis points.


The year-to-date loss weakened to -13.9 per cent as major sell-offs were witnessed in MTN Nigeria Communications Plc, PZ Cussons Plc and Union Bank Nigeria Plc.

Activity level declined as volume and value traded fell by 16.4 per cent and 22.4 per cent, respectively to 209.621 million units and N3.236bn.

However, the most active stocks by volume were Transnational Corporation of Nigeria Plc (43.6 million units), Guaranty Trust Bank Plc (43 million units) and Zenith Bank Plc (34.1 million units) while GTB (N1.1bn), Zenith Bank (N592m)and Nestlé Nigeria Plc (N526.9m) led by value.

Performance across sectors was largely positive as all sectors appreciated, except the AFRI-ICT index.

The AFRI-ICT index was the lone decliner as it lost 2.6 per cent following sell pressures in MTN.

Major price appreciation in Access Bank Plc, FBN Holdings Plc and Zenith Bank Plc led to a 1.88 per cent gain in the banking index.

The oil and gas index rose by 0.99 per cent, buoyed by improved performance in Oando Plc.


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

Similarly, the industrial goods index appreciated by 0.56 per cent on the back of gains recorded in Dangote Cement Plc and Lafarge Africa Plc.

The insurance index advanced, up by 0.59 per cent due to buying interest in Wapic Insurance Plc and Law Union and Rock Insurance Plc.
Major gains in Nestle and Nigerian Breweries Plc drove the consumer goods index up by 0.22 per cent.

Investor sentiment, as measured by market breadth (advance/decline ratio), further advanced to 2.7x from 1.3x recorded on Monday as 27 gainers emerged against 10 losers.

The top gainers were Oando Plc, Transnational Corporation of Nigeria Plc, Chams Plc, Berger Paints Plc and UACN Property Development Company Plc, which recorded respective gains of 10 per cent, 10 per cent, 9.52 per cent, 9.49 per cent and 9.38 per cent.

Leading the losers were Cutix Plc, PZ Cussons, Union Diagnostic and Pharmaceutical Services Plc, May and Baker Nigeria Plc and Honeywell Flour Mills Plc, whose share prices depreciated by 9.62 per cent, 8.33 per cent, 8.33 per cent, 6.83 per cent and 6.06 per cent, respectively.

Analysts at Afrinvest Securities Limited said they maintained their bearish stance for the equities market as investor sentiment remained weak
See more
https://okfiscal.com

Do you know that the stock market lost about #27.9bn? In a statement report release on tuesday by the Nigerian stock market shows that the market has reverted to its losing trend as it lost N27.9bn following sell-offs witnessed in large cap stocks.

The market capitalisation of equities declined from N13.214tn on Monday to N13.186tn on Tuesday as the All Share index depreciated by 0.21 per cent to close at 27,058.62 basis points.


The year-to-date loss weakened to -13.9 per cent as major sell-offs were witnessed in MTN Nigeria Communications Plc, PZ Cussons Plc and Union Bank Nigeria Plc.

Activity level declined as volume and value traded fell by 16.4 per cent and 22.4 per cent, respectively to 209.621 million units and N3.236bn.

However, the most active stocks by volume were Transnational Corporation of Nigeria Plc (43.6 million units), Guaranty Trust Bank Plc (43 million units) and Zenith Bank Plc (34.1 million units) while GTB (N1.1bn), Zenith Bank (N592m)and Nestlé Nigeria Plc (N526.9m) led by value.

Performance across sectors was largely positive as all sectors appreciated, except the AFRI-ICT index.

The AFRI-ICT index was the lone decliner as it lost 2.6 per cent following sell pressures in MTN.

Major price appreciation in Access Bank Plc, FBN Holdings Plc and Zenith Bank Plc led to a 1.88 per cent gain in the banking index.

The oil and gas index rose by 0.99 per cent, buoyed by improved performance in Oando Plc.


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

Similarly, the industrial goods index appreciated by 0.56 per cent on the back of gains recorded in Dangote Cement Plc and Lafarge Africa Plc.

The insurance index advanced, up by 0.59 per cent due to buying interest in Wapic Insurance Plc and Law Union and Rock Insurance Plc.
Major gains in Nestle and Nigerian Breweries Plc drove the consumer goods index up by 0.22 per cent.

Investor sentiment, as measured by market breadth (advance/decline ratio), further advanced to 2.7x from 1.3x recorded on Monday as 27 gainers emerged against 10 losers.

The top gainers were Oando Plc, Transnational Corporation of Nigeria Plc, Chams Plc, Berger Paints Plc and UACN Property Development Company Plc, which recorded respective gains of 10 per cent, 10 per cent, 9.52 per cent, 9.49 per cent and 9.38 per cent.

Leading the losers were Cutix Plc, PZ Cussons, Union Diagnostic and Pharmaceutical Services Plc, May and Baker Nigeria Plc and Honeywell Flour Mills Plc, whose share prices depreciated by 9.62 per cent, 8.33 per cent, 8.33 per cent, 6.83 per cent and 6.06 per cent, respectively.

Analysts at Afrinvest Securities Limited said they maintained their bearish stance for the equities market as investor sentiment remained weak
See more
https://okfiscal.com

So if you are looking for extra means to increase your income
Visit https://okfiscal.com/8-side-hustle-you-can-start-aside-your-9am-5pm-jobs/

To an extent I agree

Spending your savings unnecessary month after month is an indication that you are not keeping your budgets and planning. Do you want to stop dipping into your savings and start building accountable savings? Then follow through this article to the end.
Here five things if effectively done will reduce the rate at which you spend your savings unnecessary;

1.Check and adjust your budget
If you are consistently dipping into your savings, this is a sign that there is something wrong with your budget. You may find that you need to adjust your spending in your grocery category or other areas to cover increasing costs in utility bills.

Taking the time to write down your spending each month, then adjusting your budget accordingly will make a big difference in how much you earn and effectively save each month. You may be surprised at how much the small daily expenses are really costing you.

2.Adjust the rate at which you make payment with debit card
It’s worthwhile to identify your problem spending areas and avoid them altogether. Another solution is adjust the way you make payments which your debit card and switch to cash only to pay for the majority of your expenses.
Because when you are using cash only for your spending, it takes a lot more work to overspend since you have to actually take the money out of the bank.

3.Move your savings to another bank with high savings interest
If you put your money in a different bank than your debit card, or open an online savings account, it slows down how quickly you can access the money, since you have to manually transfer it, then wait for the transfer to clear.
This can help curb impulse purchases, but you still have access to the money if you need it. You can have your money automatically transferred into this account each month. It makes it easier to allow the money to grow instead of relying on it to cover your overspending.
In case you are looking for bank with high savings interest click here

4.Find additional income
It may be that you are not making enough to cover your expenses each month. If you are dipping in to cover your basic expenses each month and not to cover emergencies or overspending, you will need to find additional sources of income or look for a new job.

Increasing your income can make it easier to save. Picking up a second job that allows you to earn tips can also help you cash flow any smaller emergencies that may come up.

5.Set up an emergency fund
If you have a separate emergency fund to handle unexpected expenses, then you will no longer need to dip into your savings account to cover unexpected expenses like car repairs or medical bills.
[url]https://okfiscal.com/5-five-things-do-to-stop-spending-your-savings-unnecessary/ [/url]
Although using your emergency fund may seem like you are dipping into savings, you really are not because you have earmarked these funds ahead of time to cover these expenses.
[url] https://okfiscal.com

Spending your savings unnecessary month after month is an indication that you are not keeping your budgets and planning. Do you want to stop dipping into your savings and start building accountable savings? Then follow through this article to the end.
Here five things if effectively done will reduce the rate at which you spend your savings unnecessary;

1.Check and adjust your budget
If you are consistently dipping into your savings, this is a sign that there is something wrong with your budget. You may find that you need to adjust your spending in your grocery category or other areas to cover increasing costs in utility bills.

Taking the time to write down your spending each month, then adjusting your budget accordingly will make a big difference in how much you earn and effectively save each month. You may be surprised at how much the small daily expenses are really costing you.

2.Adjust the rate at which you make payment with debit card
It’s worthwhile to identify your problem spending areas and avoid them altogether. Another solution is adjust the way you make payments which your debit card and switch to cash only to pay for the majority of your expenses.
Because when you are using cash only for your spending, it takes a lot more work to overspend since you have to actually take the money out of the bank.

3.Move your savings to another bank with high savings interest
If you put your money in a different bank than your debit card, or open an online savings account, it slows down how quickly you can access the money, since you have to manually transfer it, then wait for the transfer to clear.
This can help curb impulse purchases, but you still have access to the money if you need it. You can have your money automatically transferred into this account each month. It makes it easier to allow the money to grow instead of relying on it to cover your overspending.
In case you are looking for bank with high savings interest click here

4.Find additional income
It may be that you are not making enough to cover your expenses each month. If you are dipping in to cover your basic expenses each month and not to cover emergencies or overspending, you will need to find additional sources of income or look for a new job.

Increasing your income can make it easier to save. Picking up a second job that allows you to earn tips can also help you cash flow any smaller emergencies that may come up.

5.Set up an emergency fund
If you have a separate emergency fund to handle unexpected expenses, then you will no longer need to dip into your savings account to cover unexpected expenses like car repairs or medical bills.
[url]https://okfiscal.com/__trashed/ [/url]
Although using your emergency fund may seem like you are dipping into savings, you really are not because you have earmarked these funds ahead of time to cover these expenses.
[url] https://okfiscal.com

Looking for extra means to make money? Then this article is for you stick to and carefully follow through this post it those not matter if you an entrepreneur, business owner or a startup. But if you are concern in making extra money from side hustle by rendering financial services to the unbanked and under-banked, if this is you, then the article is for you.
The Nigerian premier leading bank, First Bank of Nigeria in its innovative provisions towards rendering financial services to the rural unbanked populace, which is aimed at deepening financial inclusion has taken a giant stride to recruit more merchants as Firstmonie agent. In case you’re new to this concept: allow to define firstmonie. Firstmonie is a mobile channel through which First Bank expresses its commitment and passion to broadening the opportunities and access to financial services for every Nigerian and African, targeted within the low income segment. This segment could as well be referred to as unbanked and under-banked. This service is electronic based, which enables mobile phone users to carry out transactions like sending and receiving funds as well payment of bills and a host of other related services.
[url] https://okfiscal.com/8-indicators-that-defines-your-financial-fitness[//url]
Learn how to send and receive money in Africa Firstmonie agent: This is an individual empowered by First Bank of Nigeria to carry out Firstmonie services un-behalf of the bank. Now you know the concept and what is expected of this service. With this, First Bank is empowering individuals who do not have a bank account, to as well bridge the gap between high tech service and low literacy clients.

Here are number of services that can be done on firstmonie;

Opening Cash Deposit Airtime Purchase Bills Payment Cash withdrawals Money Transfer

If you have a thriving business in your community, becoming a Firstmonie Agent will bring additional income into your pocket. Features of Firstmonie Agent service It has a simplified access to account The service is very cheap and affordable It’s regarded as Human ATM being that it decongest the banking halls as well reduces the need to travel to a First Bank branch to carry out a transaction Large scale agent network It empowers individuals without bank account to initiate and access financial services It has a vast and transparent delivery channel, for the administration of social intervention scheme. Having gone through the above, the next question you’d probably be asking in your mind is “How then do I become an Agent and render Firstmonie services in my community since it’s pretty cool given to a handful of unbanked and under-banked persons who cannot access or use modern technology to carry out financial transactions, better still do not have a bank account.” In the light of this, the below refers. How to Become a Firstmonie Agent in Nigeria and Requirements You must own an existing business in your community with good patronage Your location ought to be visible and accessible Should afford a minimum working capital of N50,000, the more the better You will have to complete an agent registration form and execute agreement duly as obtainable You’ll be required to provide a copy of valid ID. Which could be any of the following: Voter’s card (PVC), National ID Card, Drivers’ License or International Passport capable of being verified Regulatory information like “Business Registration documents. Additionally, if you’re an unregistered SME individual, registered businesses limited liability companies, Sole Proprietors, Partnerships, Cooperative societies as well Cooperates with retail chains and large distribution networks can enroll as Firstmonie Agents. Haven acquired the above prerequisites, kindly walk into any First Bank branch in your location and communicate your interest to become an Agent, you’ll be attended to promptly.

For further enquires and assistance contact firstbank Nigeria on

Email: firstmonie@firstbanknigeria.com Call: 0700-34778-66643, 01-4485500, 0708-062-500
OR
Visit [url] https://okfiscal.com/how-to-become-a-firstmonie-agent-in-nigeria-explained-in-lest-than-360-words/ [/url]

Looking for extra means to make money? Then this article is for you stick to and carefully follow through this post it those not matter if you an entrepreneur, business owner or a startup. But if you are concern in making extra money from side hustle by rendering financial services to the unbanked and under-banked, if this is you, then the article is for you.
The Nigerian premier leading bank, First Bank of Nigeria in its innovative provisions towards rendering financial services to the rural unbanked populace, which is aimed at deepening financial inclusion has taken a giant stride to recruit more merchants as Firstmonie agent. In case you’re new to this concept: allow to define firstmonie. Firstmonie is a mobile channel through which First Bank expresses its commitment and passion to broadening the opportunities and access to financial services for every Nigerian and African, targeted within the low income segment. This segment could as well be referred to as unbanked and under-banked. This service is electronic based, which enables mobile phone users to carry out transactions like sending and receiving funds as well payment of bills and a host of other related services.
[url] https://okfiscal.com/8-indicators-that-defines-your-financial-fitness[//url]
Learn how to send and receive money in Africa Firstmonie agent: This is an individual empowered by First Bank of Nigeria to carry out Firstmonie services un-behalf of the bank. Now you know the concept and what is expected of this service. With this, First Bank is empowering individuals who do not have a bank account, to as well bridge the gap between high tech service and low literacy clients.

Here are number of services that can be done on firstmonie;

Opening Cash Deposit Airtime Purchase Bills Payment Cash withdrawals Money Transfer

If you have a thriving business in your community, becoming a Firstmonie Agent will bring additional income into your pocket. Features of Firstmonie Agent service It has a simplified access to account The service is very cheap and affordable It’s regarded as Human ATM being that it decongest the banking halls as well reduces the need to travel to a First Bank branch to carry out a transaction Large scale agent network It empowers individuals without bank account to initiate and access financial services It has a vast and transparent delivery channel, for the administration of social intervention scheme. Having gone through the above, the next question you’d probably be asking in your mind is “How then do I become an Agent and render Firstmonie services in my community since it’s pretty cool given to a handful of unbanked and under-banked persons who cannot access or use modern technology to carry out financial transactions, better still do not have a bank account.” In the light of this, the below refers. How to Become a Firstmonie Agent in Nigeria and Requirements You must own an existing business in your community with good patronage Your location ought to be visible and accessible Should afford a minimum working capital of N50,000, the more the better You will have to complete an agent registration form and execute agreement duly as obtainable You’ll be required to provide a copy of valid ID. Which could be any of the following: Voter’s card (PVC), National ID Card, Drivers’ License or International Passport capable of being verified Regulatory information like “Business Registration documents. Additionally, if you’re an unregistered SME individual, registered businesses limited liability companies, Sole Proprietors, Partnerships, Cooperative societies as well Cooperates with retail chains and large distribution networks can enroll as Firstmonie Agents. Haven acquired the above prerequisites, kindly walk into any First Bank branch in your location and communicate your interest to become an Agent, you’ll be attended to promptly.

For further enquires and assistance contact firstbank Nigeria on

Email: firstmonie@firstbanknigeria.com Call: 0700-34778-66643, 01-4485500, 0708-062-500
OR
Visit [url] https://okfiscal.com/how-to-become-a-firstmonie-agent-in-nigeria-explained-in-lest-than-360-words/ [/url]

With nearly all world money activities is been done online. Thereby making Cash transaction with debits cards-which are now revolutionising the way bank customers pay for goods and services. The availability of a debit card, reduces the way you carry cash around . it also limit the need to write cheques, show identification and wait for approval. What is more is that, debit cards are more readily accepted than cheques, especially when you are travelling away from home,

According to the Michigan Association of Certified Public Accountants, Debit card are basically classified into two types namely:

•Automated Teller Machine card and

•A card that carries the logo of one of the two major payment card companies.

BREAKDOWN OF SAFETY ATM BANK CARD TRANSACTIONS FOR TRAVELLERS

•Automated Teller Machine card — This card is used to withdraw cash from ATMs and is accepted for payment by using your Personal Identification Number at certain supermarkets, retailers and filling stations.

•A card that carries the logo of one of the two major payment card companies— This card can be used to withdraw cash from an ATM, as well as to make purchases anywhere the logos on these cards are accepted.
The 7 points below will help you understand conveniently the features of debit card:

• A debit card may look like a credit card, but it works like the electronic equivalent of a cheque. When you pay with a debit card, you authorise the bank to take money directly out of your bank account and pay it to the merchant. Like a credit card, you simply sign a receipt for your purchase. Unlike a credit card, there is no bill at the end of the month and no interest charge. The debit simply shows up on your bank account.
• Debit card deductions are instantaneous. Debit card purchases are immediately deducted from your account, which means that your spending is limited by the balance in your account. Be aware that if you have written cheques that have not yet cleared, your debit card may allow you to overdraw your account.

• It is important to notify your card issuer/bank immediately if your debit card is lost or stolen. It is true that under the law, there is a higher liability for debit cards, but, in response to consumer concerns about liability for fraudulent use, some cards have instituted a zero liability policy. The zero liability policy applies to purchases made using your card or account information at a store, over the phone, or on the Internet. It does not, however, apply to ATM transactions.

• A debit card can help track spending. Because debit card purchases are listed on your monthly statement, using your debit card makes it easier for you to track your spending and eliminates the need to try to remember where you spent the money you withdrew from the ATM. Also, if you are banking online, many personal finance software programmes download debit transactions to your software, where you can assign them to the proper spending categories.

• Debit cards do not provide the same purchase protection as credit cards. In most cases, if you have a problem with merchandise or services you charged to a credit card, and you have made a good faith attempt to work out the problem with the seller, the law allows you to withhold payment for the purchase plus any finance or related charges. Regulations make no such allowance for debit card purchases (although some financial institutions might). Typically, you are out of the money that has been deducted from your account until the issue is resolved.
[url] https://okfiscal.com/5-banks-in-nigeria-with-high-savings-interest-rate/ [/url]
• Some financial institutions charge for debit transactions. While you won’t accrue interest or finance charges on debit card purchases, some institutions charge a monthly or per-transaction fee for debit cards. Shop around for the best deal, particularly if you plan to use your card often.

• Debit cards can make balancing your chequebook a challenge. It is easy to use your debit card to pay for groceries and stuff the receipt in the bag without ever deducting the amount of your purchase from your chequebook balance. To avoid overdrawing your account, devise a system for recording your debit card transactions.

When used properly, debit cards provide convenience, enabling you to effectively track your cash flow. Just be sure to safeguard your card, PIN and receipts.
continue reading...... [url] https://okfiscal.com/7-point-to-know-about-debit-card/ [/url]

With nearly all world money activities is been done online. Thereby making Cash transaction with debits cards-which are now revolutionising the way bank customers pay for goods and services. The availability of a debit card, reduces the way you carry cash around . it also limit the need to write cheques, show identification and wait for approval. What is more is that, debit cards are more readily accepted than cheques, especially when you are travelling away from home,

According to the Michigan Association of Certified Public Accountants, Debit card are basically classified into two types namely:

•Automated Teller Machine card and

•A card that carries the logo of one of the two major payment card companies.

BREAKDOWN OF SAFETY ATM BANK CARD TRANSACTIONS FOR TRAVELLERS

•Automated Teller Machine card — This card is used to withdraw cash from ATMs and is accepted for payment by using your Personal Identification Number at certain supermarkets, retailers and filling stations.

•A card that carries the logo of one of the two major payment card companies— This card can be used to withdraw cash from an ATM, as well as to make purchases anywhere the logos on these cards are accepted.
The 7 points below will help you understand conveniently the features of debit card:

• A debit card may look like a credit card, but it works like the electronic equivalent of a cheque. When you pay with a debit card, you authorise the bank to take money directly out of your bank account and pay it to the merchant. Like a credit card, you simply sign a receipt for your purchase. Unlike a credit card, there is no bill at the end of the month and no interest charge. The debit simply shows up on your bank account.
• Debit card deductions are instantaneous. Debit card purchases are immediately deducted from your account, which means that your spending is limited by the balance in your account. Be aware that if you have written cheques that have not yet cleared, your debit card may allow you to overdraw your account.

• It is important to notify your card issuer/bank immediately if your debit card is lost or stolen. It is true that under the law, there is a higher liability for debit cards, but, in response to consumer concerns about liability for fraudulent use, some cards have instituted a zero liability policy. The zero liability policy applies to purchases made using your card or account information at a store, over the phone, or on the Internet. It does not, however, apply to ATM transactions.

• A debit card can help track spending. Because debit card purchases are listed on your monthly statement, using your debit card makes it easier for you to track your spending and eliminates the need to try to remember where you spent the money you withdrew from the ATM. Also, if you are banking online, many personal finance software programmes download debit transactions to your software, where you can assign them to the proper spending categories.

• Debit cards do not provide the same purchase protection as credit cards. In most cases, if you have a problem with merchandise or services you charged to a credit card, and you have made a good faith attempt to work out the problem with the seller, the law allows you to withhold payment for the purchase plus any finance or related charges. Regulations make no such allowance for debit card purchases (although some financial institutions might). Typically, you are out of the money that has been deducted from your account until the issue is resolved.
[url] https://okfiscal.com/5-banks-in-nigeria-with-high-savings-interest-rate/ [/url]
• Some financial institutions charge for debit transactions. While you won’t accrue interest or finance charges on debit card purchases, some institutions charge a monthly or per-transaction fee for debit cards. Shop around for the best deal, particularly if you plan to use your card often.

• Debit cards can make balancing your chequebook a challenge. It is easy to use your debit card to pay for groceries and stuff the receipt in the bag without ever deducting the amount of your purchase from your chequebook balance. To avoid overdrawing your account, devise a system for recording your debit card transactions.

When used properly, debit cards provide convenience, enabling you to effectively track your cash flow. Just be sure to safeguard your card, PIN and receipts.
continue reading...... [url] https://okfiscal.com/7-point-to-know-about-debit-card/ [/url]