₦airaland Forum

Superb story for the gods

themomentng:
President Muhammadu Buhari has said that while the nation’s 57th independence anniversary is a day for thanksgiving, reflection and re-dedication, his government will not and cannot accede to what he referred to as calls for dismemberment of the country by “highly irresponsible groups”.

Speaking in a nationwide broadcast this morning, President Buhari said that as a young Army Officer, he took part, from the beginning to the end, in the tragic civil war which cost about two million lives, resulting in fearful destruction and untold suffering to keep the nation as one.
“Those who are agitating for a re-run were not born by 1967 and have no idea of the horrendous consequences of the civil conflict which we went through. I am very disappointed that responsible leaders of these communities do not warn their hot-headed youths about what the country went through. Those who were there should tell those who were not there, the consequences of such folly,” he said.
Acknowledging that recent calls on re-structuring, “quite proper in a legitimate debate, “ have been going on, the President said “proper dialogue and any desired constitutional changes should take place in a rational manner at the national and state assemblies,” because “these are the proper and legal fora for national debate, not some lop-sided, un-democratic body with pre-determined set of objectives.”
On security, President Buhari said over the years the country has gone through trials and tribulations, but October 1 is always a day for celebrations. “Nigerians must be grateful to our gallant Armed Forces for rolling back the frontiers of Boko Haram’s terrorism, defeating them and reducing them to cowardly attacks on soft and vulnerable targets.”
He also expressed gratitude to the nation’s neighbours and the international community for the collective efforts to defeat this world-wide menace of terrorism, even as he commended the Armed Forces and the operational capability of troops in the North-East as they ensure the final push to wipe out the remnants of Boko Haram.
With regard to the economy, he said government has remained pro-active in its diversification policy with its agricultural Anchor Borrowers Programme, which has witnessed the release of N43.92 billion released through the CBN and 13 participating institutions, 200,000 small holder farmers from 29 states of the federation benefitting, and 233,000 hectares of farmland cultivating eight commodities, namely rice, wheat, maize, cotton, soya-beans, poultry, cassava and groundnuts, in addition to fish farming.
He commended the efforts of the governors of Kebbi, Lagos, Ebonyi and Jigawa states for their support to the rice and fertilizer revolutions, just as he lauded contributions of their counterparts in Ondo, Edo, Delta, Imo, Cross River, Benue, Ogun, Kaduna and Plateau states for their support for the presidential initiative for palm oil, rubber, cashew, cassava, potatoes and others crops.
He said the new presidential initiative has generated over 360,000 jobs even as power production reaches a new high of 7,001MW
President Buhari said that a new presidential initiative is starting with each state of the federation creating a minimum of 10,000 jobs for unemployed youths, adding that the government’s N500 billion Special Intervention Programme is also boosting job creation and feeding for school children.
He disclosed that ‘broad based economic growth is leading the economy out of recession, even as investor’s and manufactures’’ confidence is being restored. “The country has recorded seven consecutive months of lower inflation, Naira rate is beginning to stabilise, appreciating from N525 per $1 in February this year to N360 today.”
He said that to further stabilize the polity, the Federal Government gave additional support to states and local government totaling N1.642 trillion.

PAUL THE UNVEILER!!

What of if the ENEMY refused to be loved, What happens?[color=#006600][/color]

Samsimple:
We claim to be christians but we tend to exhibit characters that contradicts the teachings of jesus...why do we despise our non existing enemies so much, when we know we are the cause our problems, even if they do exist why do christians still say "holy ghost fire pursue and destroy my enemies" ... Love your enemies and just maybe he/she might be ur best friend....
PEACE

That is her life [color=#000099][/color]! !

May God have mercy, this is really shamful and I pity the members of his church.. *pathetic pastor*

dumebiifeanyi:
A pastor was allegedly caught red-handed having a thre*some with 2 married members of his church in Cameroon. Below is a footage obtained by PoliticsNGR showing the three lovers being beaten and smeared with mud by a mob, shortly before their arrest.

See photos and video below;
http://politicsngr.com/2017/09/30/pastor-caught-thresome-2-married-women-photosvideo/


Watch the video HERE

Mr man, to before warned is to before harm, simply flee from that devil in friendly form. The truth is, she wants more than just being friends..
It's a brand new month.. Simply Go on ur knees and beg God to cut u off from her.. HNM

For Me konga has more customers and have better service

tripleY:
If there is anything Jumia is close to meeting, it is certainly not profit. Early this morning, Rocket Internet, the parent company of Jumia said the company suffered a net loss of USD61 million loss in six months.


To understand the extent of the number, a conversion using the real-time exchange rate to Naira (NGN) shows that Jumia made a net loss of NGN22 billion.

In context, it is more than the net revenue of three of Nigeria’s commercial banks with over NGN3 trillion in assets.

A review of the company’s performance in the first six months in comparison to its last year period shows that the company’s fortune dwindled despite the easing in Nigeria’s economic hardship. Last year within the first six months, Jumia reported a net loss of EUR38 million compared to EUR52 million reported this year.

While Rocket Internet has reclassified Jumia as Jumia from the general merchandise grouping it carried in its portfolio. The parent company is also trying to recapitalise the local unit by putting more cash into its operations. As at last year, Jumia only had EUR4 million left in cash and cash equivalents. This year, about EUR24 million was said to be left in its books as cash.

As a rationale for the dwindling fortunes of the company, Rocket Internet has finally taken the bull by the horn. For the first time in a long while, Rocket Internet is now facing reality. The group said it recorded net impairments of EUR10 million on its Jumia operations.

their own words, “The impairments are attributable to the deteriorated business outlook for some regionally operated business models. Growing competition and increasing pressure on margins can be observed in the local markets. A prominent example of this development is the purchase of Souq.com (eCommerce platform based in Dubai) by Amazon in the first half of 2017”.

With its coterie of bluechip investors such as Orange, MTN, Millicom, AXA; it is safe to say Jumia has a strong backing from local and regional investors, but these investors are keeping mute with their pocket to save the company from imploding under the weight of debt.

The last raising achieved by Jumia was when CDC staked about GBP50 million to get a stake in the company. The cash from stake sale would soon dry up if the company does not go on an initial public offering in the next 12 months.

However, without reaching profitability, the IPO idea might be dead on arrival as investors would worry that Jumia has not developed a strong business model that can guarantee its sustainable existence.

SOURCE: https://brandspurng.com/jumia-moves-farther-from-profit-posts-usd61-million-loss-in-six-months/

Good one

[This is good news to Some Chelsea fans quote author=Therock5555 post=60931428]Chelsea fans, Morata and Lukaku would be happy like wetttttiiiiinnnnn

[/quote]

China Ain't smiling at all