₦airaland Forum

PMBmustGo2019:
Nigeria: Virgin Atlantic May Have Pulled Out of Nigeria, Sacks Nigerian Staff

Quote: "We fought daily battle against government agents who wanted to daily make fortune from us, politicians who saw the government 49 per cent as a meal to seek for all kinds of favour... watchdogs (regulatory body) that didn't know what to do and persistently asking for bribes at any point... Nigerian people are generally nice but the politicians are very insane... that may be irony because the people make up the politicians."
http://allafrica.com/stories/201511090151.html

Honeywell Flour Mills reports 66.27% decline in full year profit
https://trwstockbrokers./2015/08/03/honeywell-flour-mills-reports-66-27-decline-in-full-year-profit/

October
Guinness Nigeria suffers 76% profit decline
http://businessnews.com.ng/2015/10/24/guinness-nigeria-suffers-76-profit-decline/

Lafarge Africa’s profit dips amidst slow sales in Q3
http://thenationonlineng.net/lafarge-africas-profit-dips-amidst-slow-sales-in-q3/

Unilever Nigeria : FMCG Companies Suffer Half-Year Profit Decline
http://www.4-traders.com/UNILEVER-NIGERIA-PLC-8252801/news/Unilever-Nigeria--FMCG-Companies-Suffer-Half-Year-Profit-Decline-21155149/

First Aluminium Nigeria records 21.8 % profit decline
http://worldstagegroup.com/index.php?active=news&newscid=25451&catid=30

AIICO INSURANCE PLC: Decline in profits
http://www.pressreader.com/nigeria/thisday/20151108/281827167647336/TextView

Facts behind Diamond Bank’s 12percent profit decline in H1 2015
http://www.transparentnigeria.com/news_entries/24294/Facts-behind-Diamond-Bank%E2%80%99s-12percent-profit-decline-in-H1-2015

Cadbury Nigeria Records 98% Dip in Nine Months Profit
http://www.thisdaylive.com/articles/cadbury-nigeria-records-98-dip-in-nine-months-profit/222822/

HoneyWell Flourmills Records Profit Decline in Half Year 2015
http://www.bullsnbearsng.com/2015/10/honeywell-flourmills-records-profit.html

PZ Cussons: A corporate giant on the decline
http://newmail-ng.com/pz-cussons-a-corporate-giant-on-the-decline

September
Mobil Oil Nigeria records 39% profit decline
Quote: The financial results of the company for the period ended 30th September 2015 published by theNigerian Stock Exchange today showed that profit before tax fell 33.5 per cent
http://naija247news.com/2015/10/mobil-oil-nigeria-records-39-profit-decline/

August
MTN’s Profit Declines as Sales Fall in Nigeria, South Africa
http://www.bloomberg.com/news/articles/2015-08-05/mtn-profit-declines-11-as-sales-fall-in-nigeria-south-africa

Nestle Nigeria records 50.8% profit decline in Q1
http://nationalmirroronline.net/new/nestle-nigeria-records-50-8-profit-decline-in-q1/

voiceoftheupcom:
APC LG PRIMARY:HOODLUMS ATTACK SENATOR AFIKUYOMI, REMOVE HIS CLOTHES


Violence erupted midway into the primary election of the All Progressives Congress (APC) to elect chairmanship candidates for the July 22 council polls in Lagos State on Saturday, ending the event abruptly.

Some aggrieved party supporters engaged one another in a free-for-all midway into the election, smashing ballot boxes over allegations of imposition of candidates at the election.

Scores of delegates and others present at the Teslim Balogun Stadium venue fled in different directions as a result of the fracas, even as some were injured.
The Chairman of the Elections Committee, Senator Tokunbo Afikuyomi, was also attacked, with his top taken off by angry supporters who accused him of impartiality as he scampered to safety.

source: http://www.eyesoflagos.com/2017/05/apc-lg-primaryhoodlums-attack-senator.html

globemoney:
The National Bureau of Statistics (NBS) in its report on Nigerian Domestic and Foreign Debt – June 2017 data yesterday, said Nigeria’s foreign debt stood at $15.05 billion, while the domestic debt portfolio was put at N14.06 trillion in June this year.

This represents a growth of $3.64 billion and N0.04 trillion respectively within a six-month period.
The NBS showed that $9.67 billion of the debt was multilateral; $218.25 million, bilateral, while $5.15 billion was from the Exim Bank of China, credited to the Federal Government.
Federal Government debt accounted for 74 percent of Nigeria’s total foreign debt while all states and the Federal Capital Territory (FCT), accounted for the remaining 26 percent.
Total Federal Government’s debt accounted for 78.66 percent of Nigeria’s total domestic debt, while all states and the Federal Capital Territory (FCT), accounted for the 21.34 percent balance.
A breakdown of the Federal Government domestic debt stock by instruments reflected that N7.5 trillion or 68.41 percent of the debt was in Federal Government Bonds. About N3.3 trillion or 29.64 percent are in treasury bills, while N215.99 million or 1.95 percent are in treasury bonds.
Lagos State has the highest foreign debt profile among the 36 states and the FCT, accounting for 37 percent; Kaduna, 6 percent; Edo, 5 percent; Cross River, 4 percent; and Ogun, 3 percent, followed closely.
Lagos State had the highest domestic debt profile among the thirty-six states and the FCT, accounting for 10.39 percent; Delta, 8.04 percent; Akwa Ibom, 5.18 percent; FCT, 5.09 percent; and Osun, 4.90 percent, followed in that order.

https://ynaija.com/nigerias-domestic-debts-hit-n14-06-in-june-nbs/


www.nairaland.com/attachments/5991979_anambra_jpeg7e8abed9aa757bc066c0f18e80b6ad69

I may not support Buhari’s re-election in 2019, Nigeria’s First Lady Aisha warns

Aisha, the wife of Nigeria’s President Muhammadu Buhari has said she may not back her husband’s re-election in 2019 unless he shakes up his cabinet.

In an interview with the BBC, Mrs. Buhari said the president “does not know” most of the top officials he appointed to office.

Mr. Buhari has not indicated whether or not he will seek re-election, and according to his wife, he has not told his family too.

“He is yet to tell me (if he’ll seek re-election) but I have decided as his wife, that if things continue like this up to 2019, I will not go out and campaign again and ask any woman to vote like I did before. I will never do it again,” she said.

More from: https://www.premiumtimesng.com/news/headlines/212738-i-may-not-support-buharis-re-election-2019-nigerias-first-lady-aisha-warns.html

nawtyme:
Previous Govts Initiated ‘Most Of The Things This Administration Is Doing’ – Adesina


A majority of the projects the Muhammadu Buhari administration is working on was inherited from previous administrations, the Special Adviser to the President on Media and Publicity has said.

Mr Femi Adesina said this when he appeared on Channels Television’s special Independence anniversary programme on Sunday.

“Most of the things this administration is doing – 60 to 70 percent of them – were initiated by previous governments,” he said.

“That shows you that in the past a government will come and say ‘this is not our project’ And it will discard what was being done and start fresh ones.”

As a result, Mr Adesina said there are many half and quarter-completed abandoned projects.
But rather than abandon the project, he explained that the current administration will complete it.

An example is the Abuja-Kaduna rail project which the Presidential aide said was up to maybe 60 to 70 percent complete when the last administration left.

“This administration came, completed it and inaugurated it. Then you will still find some people shouting, ‘they are claiming credit for what the past administration started,” he said.

“It shows there is a mentality in Nigeria that makes governments not want to complete what previous governments have started. But this administration is not going that way at all, it is just doing what needs to be done for the good of the country.”


https://www.channelstv.com/2017/10/01/previous-govts-initiated-most-of-the-things-this-administration-is-doing-adesina/

Ajimobi and the failure of constituted authority

Senator Abiola Ajimobi, the burly but tactless governor of Oyo State has been in the news for the wrong reasons. That does not bother him apparently. And ordinarily it should not bother this writer, who not being from Oyo, could be rightly accused of being a meddlesome interloper. The purpose of this piece however is not whether this self-assigned wailing wailer has the locus to interrogate the governor’s stewardship or not. There are many eminently qualified indigenes and residents of Oyo State who are better qualified to undertake that task.
The intention here is simply to extrapolate the isolated case of Mr. Ajimobi’s recent gaffe as a template for discussing leadership failure in Nigeria and most of its constituent parts.
The phrase ‘constituted authority’ was recently foisted on the lexicon of public discourse by the garrulous governor. In fact, thanks to social media and the ubiquity of its eternal imprints, no one can reasonably deny the governor credit for the notorious connotation the phrase now commands. That is surely a remarkable achievement for a governor whose critics say his tenure in office so far has brought nothing more than disrepute to governance and disgrace to the rich heritage of the Oyo people he leads (or misleads, as it were). But as stated earlier, let us leave the full story of Ajimobi’s governance in Oyo for another day and for those better qualified to discharge that responsibility. Suffice for this piece to celebrate his sterling contribution to the vocabulary of public discourse in Nigeria. That inglorious intervention has made the governor popular albeit a butt of jokes in conversations everywhere- in students’ hostels, beer parlours, business boardrooms, corridors of power and conclaves of constituted authorities.
For those who missed the story of ‘constituted authority’ a quick reference to YouTube to view the pathetic video of Mr. Ajimobi’s bellicose interaction with protesting undergraduates of the Ladoke Akintola University of Technology (LAUTECH) may be worth the while. In the clip, you find a governor debasing his otherwise esteemed office by trying too hard to assert himself over students who ironically were enjoying the humour of subtly undressing the arrogance of a magisterial overlord.

https://www.orderpaper.ng/ajimobi-failure-constituted-authority/

Atikumanager:
How could Nigeria elect someone who cannot make money?

******************************************

President Muhammadu Buhari has said his major weakness lies in not knowing how to make money.

He also disclosed that he even borrowed money to build his three houses in Daura, Abuja and Kaduna.

The President made this known while speaking on his assets during an Interview with Sun Newspaper.

According to him, “When Murtala/Obasanjo regime came, they made sure that certain grades of public officers must declare their assets when they assumed that office and they must declare when they were leaving. So, when I was sworn in as governor of North East, I declared my assets.

“I declared surprisingly, even the number of my cows then. Even if they were supposed to be producing every year, but I declared them the time I was there. And when I was leaving governorship, I became petroleum minister.

“When I was leaving to go to War College, I declared my assets. I could recall General Jemibewon then, was the Adjutant-General of the Army. He rang me and said he was sending me asset declaration form, that I must fill it, sign it before I left for the United States. And I did.

“General Jemibewon is still alive. And when I became head of state eventually, I declared my assets again.

“So, if you people are serious and interested about political officers becoming multi-billionaires, you can find out from Murtala downwards. And those of us who were not very good in making money you should pity us.

“Everybody likes money but I am not very good at making money. Let me put it that way. I borrowed from the banks to build the house in Daura and the one in Abuja that you mentioned and the one in Kano. The bank then was Barclays, now Union Bank. Kaduna State or North Central then housing scheme and the Federal Mortgage Bank for the house I am in and AIB, which was, I think, terminated by Central Bank. So, when you go through the records, you find out that the houses I built, I borrowed from there.”


http://dailypost.ng/2017/12/19/dont-know-make-money-buhari/

onatisi:
they think majority of nigerians are just plain dumb and stupid like their zombies

https://www.nairaland.com/2073031/just-atiku-donated-n500mil-helicopter

https://www.naija.ng/824885-cold-war-brews-tinubu-atiku-n1billion-presidential-campaign-debt.html#824885

https://naijagists.com/atiku-donates-n50-million-plane-12-land-cruiser-jeeps-to-buharis-campaign/

Annie939:
apc matters don tire me

Why FG will no longer allow establishment of modular refineries in Niger Delta – Kachikwu
May 12, 2017

The Federal Government, yesterday, declared that it would no longer allow the proliferation of modular refineries across the Niger Delta region.

Recall that government had a few weeks ago said it would encourage the setting up of modular crude oil refineries in oil-producing communities across the Niger Delta.

More from: http://dailypost.ng/2017/05/12/fg-will-no-longer-allow-establishment-modular-refineries-niger-delta-kachikwu/

Why FG will no longer allow establishment of modular refineries in Niger Delta – Kachikwu
May 12, 2017

The Federal Government, yesterday, declared that it would no longer allow the proliferation of modular refineries across the Niger Delta region.

Recall that government had a few weeks ago said it would encourage the setting up of modular crude oil refineries in oil-producing communities across the Niger Delta.

More from: http://dailypost.ng/2017/05/12/fg-will-no-longer-allow-establishment-modular-refineries-niger-delta-kachikwu/

Lagos terminates concession agreement on Lekki-Epe Expressway
August 28, 2013

https://www.premiumtimesng.com/news/143629-lagos-terminates-concession-agreement-on-lekki-epe-expressway.html

Lagos okays restructuring of LCC loan facility
JUNE 29, 2016

Read more at: https://www.vanguardngr.com/2016/06/lagos-okays-restructuring-lcc-loan-facility/

saydfact:
The official of LCC has just notified the public about a pending increase in fee for the Lekki Toll Gate and link Bridge.. See details below.


www.nairaland.com/attachments/6202329_img20171103wa0010_jpeg68078a60b87af44a60b14bbe8211e0c6


Source: http://m.af1234.com/Af1234/details/lcc-increases-lekki-toll-gate-fees