₦airaland Forum

The Nigerian Treasury Bills (NTBs) rates have dropped to single-digit at the end of the latest primary market auction (PMA). Analysts said the last time NTB rates were at the current position was three years ago. The development followed the Central Bank of Nigeria’s (CBN) recent decision to ban banks, non-bank financial institutions, other local firms as well as individuals from participating in its open market operations (OMO) auctions.

At the end of the PMA, interest rate for the 91-day stood at 7.80% as N4.38 billion of the debt instrument was sold, as against a strong demand N7.80 bn that was put forward by investors. On the other hand, while rates for the 182-day bills closed at 9%, the regulator sold N12.92 bn of the instrument. Also, the marginal rate for the 364-day bill closed yesterday at 10%, with total amount sold by the regulator at N108 bn.

In all, whereas, the CBN offered to auction a total of N125 bn bills, it was oversubscribed as total bid put forward by investors was N556 bn. CBN had last month completely prohibited individuals and local firms from investing in both its primary and secondary OMO auctions. The directive was contained in a circular titled: “Re: Open Market Operations Auctions,” dated October 24, 2019, and signed by its Director, Financial Markets Department, Dr. Angela Sere-Ejembi.

With this new CBN’s directive, investing in OMO bills is now for banks and foreign investors alone.

SOURCE (abridged): https://www.thisdaylive.com/index.php/2019/11/14/treasury-bills-rates-drop-to-three-year-low/

Following the ban of individuals and small firms from investing in treasury bills by the Central Bank of Nigeria, investors poured money into shares instead, which boosted the market capitalisation of equities by N245bn. The CBN had barred local investors from participating in its treasury bill auctions in a bid to draw more foreign interest to boost dollar liquidity and prop up the naira.

The Chief Executive Officer, EFG Hermes Nigeria Limited, Lillian Olubi, had predicted that the equities market would see an increased investment and appetite from investors, following the CBN’s directive barring individuals and local corporates from investing in Open Market Operations auctions.

Olubi said the CBN directive would have a positive impact on the equities market, in which case such corporate organisations like pension managers would need to divert more funds into equities market investments.

In addition, the interest rates in the treasury bills market had crashed into the single digit region at the end of the Primary Market Auction on Wednesday.

The Managing Director, Afrinvest Securities Limited, Mr Ayodeji Ebo, had said following the crash of interest rates of treasury bills, investors’ search for alternative investments would intensify. Reuters reported that the CBN, on Thursday, auctioned N300bn naira worth of open market securities, but shut out local investors out of the sale – the second since the ban was introduced, which left investors seeking alternative places to park their money.

One fund manager, who told Reuters that he had been investing in cash and bank deposits since the CBN announcement, said he thought the treasury auction ban would be relaxed soon as excess liquidity affected the markets. The aggregation of these factors pushed investors to stocks, which recorded highest gain in five weeks, rising by 1.84 per cent on Thursday 14th November 2019.

The All Share Index, which had recorded a year-to-date loss of -16.1 per cent, rose to 26.843.11 basis points on the back of major gains, which were recorded in banking stocks. Activity level on Thursday was mixed as volume traded rose by 2.3% to 624.8 million units while value traded declined by 9.8% to N10bn.

The most active stocks by volume were Zenith Bank Plc (167.9 mn units), Access Bank Plc (99.3 mn units) and UBA Group Plc (67.8 mn units) while Zenith Bank (N3.2bn), Nigerian Breweries Plc (N1.7bn) and MTN Nigeria Communications Plc (N1.6bn) led the top traded stocks by value.

Performance across sectors was impressive as 4 sectors recorded tangible gains. Investor sentiment strengthened as market breadth (advance/decline ratio) surged to 11.3x from the 0.8x recorded on Wednesday as 34 stocks gained against 3 decliners.

The top 5 gainers were Ekocorp Plc, Caverton Offshore Support Group Plc, Guinness Nigeria Plc, United Capital Plc and FBN Holdings Plc, whose respective share prices gained 9.79%, 9.76%, 9.70%, 9.66% and 9.65%. Analysts at Afrinvest Securities Limited said following the marked improvement in sentiment in the equities market, a mixed market performance was expected in the short term as bulls continued to battle bears for dominance.

SOURCE (abridged): https://punchng.com/t-bills-investors-storm-equities-market-after-cbn-ban/

Minister of Finance, Budget and National Planning, Zainab Ahmed has disclosed that most of the bad roads in Nigeria belong to the states.

THE DETAILS
According to the Nation, Ahmed argued that most bad roads in the country were within jurisdiction of states. She made this statement after the Federal Executive Council (FEC) meeting that held yesterday in Abuja. She went further to state that the Federal Ministry of Works was the biggest beneficiary of funding in the 2019 budget as it was adequately reimbursed for the purpose of roads rehabilitation in the country.

“So far, the sum of N650 billion has been released to fund capital projects,” she said. This figure, according to her is higher than the sum the President ordered to be released last month. She also promised that an extra N250 billion would be released for capital projects to bring the total sum to N900 billion by the end of the year.

Refuting the claim of the Minister of Works and Housing, Babatunde Fashola over the lack of finance to fund road repairs, Ahmed responded that the government had gone as far as issuing several Sukuk Bonds to cope with financial responsibilities associated with road construction.

The Minister said, “Works is always on the priority list; housing is always funded. Same is transportation and power, though we have revenue challenges. It allows me to state that the Minister of Works and Housing has a proposed budget of N247 billion for the year 2020 and the greatest component of this budget is the fixing of Nigerian roads.

“Indeed, we are not able to fund the budget 100%, but whenever we release funds for capital projects, the Ministry of Power, the Ministry of Works and Housing is always the priority and also the Ministry of Transport.

“Our fiscal space is tight, resources are limited but at the time we have resources, funds to release, the highest proportion goes to Power, Transport, World and Housing. Also, we have introduced some measures that have seen private sector participants getting involved in road construction.”

Ahmed acknowledged that the government had not done enough to rehabilitate roads all over the country but still attributed most of the bad roads in the country to the states. “We have a lot of roads in the country but not every road you see is the responsibility of the Federal government. The major arterial roads are the ones that are the responsibility of the federal government.

“Majority of the roads in the country are within the purview and responsibility of States as well as local governments. Have we done enough? No, not yet, that is why we are trying to do more including raising special funds to make sure that roads and such other infrastructure are being addressed,” she said.

SOURCE (abridged): https://nairametrics.com/2019/11/14/state-governments-own-most-bad-roads-finance-minister-says/

Available...call 08164502125.

The nation’s stock market was very busy on Thursday 14th Nov 2019 after the Central Bank of Nigeria (CBN) disappointed many investors by significantly lowering treasury bills rates at the primary market on Wednesday. Some investors, who had abandoned the equity market, were left with no choice than to return to the market to source for high value stocks, especially in the banking space.

This resulted in the banking index rising broadly by 7.04% yesterday, with the insurance sector following with 1.96% growth; the industrial goods index growing by 1.24% and consumer goods sector appreciating by 0.98%. Only the energy sector declined yesterday as its index closed 0.67% lower.

Business Post reports that at the close of transactions on Thursday, the market recorded a 1.91% growth, leaving the All-Share Index (ASI) of the Nigerian Stock Exchange (NSE) to close at 26,843.11 points and the market capitalisation at N13.067 trillion.

The market breadth closed positive with 34 price gainers and three price losers led by MTN Nigeria, which depreciated by 15 kobo to settle at N121.90 per share. Champion Breweries and Ikeja Hotel lost 9 kobo each to finish at 90 kobo and 87 kobo respectively.

On the gainers’ chart, Guinness Nigeria occupied first position with N2.30 added to its share price to close at N26 per unit and was followed by GTBank, which gained N1.90 to end at N29.90 per unit. Zenith Bank rose by N1.35 to finish at N19.15 per share, while Dangote Sugar and Access Bank appreciated by 95 kobo each to quote at N10.90 and N10.80 respectively.

In terms of the level of activity at the market on Thursday, it was mixed as the volume and number of deals executed increased by 2.34% and 27.73% respectively, while the value of transactions depreciated by 9.75%. A total of 624.8 million shares worth N10.0 billion were transacted by investors in 6,426 deals compared with the 610.6 million units sold for N11.1 billion in 5,031 deals on Wednesday.

Zenith Bank remained the most traded stock at the market yesterday, though the volume reduced. A total of 167.9 million units were traded for N3.2 billion during the session. Access Bank exchanged 99.3 mn shares worth N1.1 billion, UBA sold 67.8 mn equities for N500.3 million, Nigerian Breweries transacted 36.3 mn shares valued at N1.7 billion, while Sterling Bank traded 31.4 mn units for N68.5million.

SOURCE (abridged): https://businesspost.ng/economy/demand-for-nigerian-stocks-raises-index-by-1-91/amp/

The nation’s imports of petrol and diesel fell by about 11% and 15%, respectively in August and September, latest data released by the National Bureau of Statistics on Thursday showed. The decline in imports of the petroleum products followed the partial closure on August 22 of the nation’s land borders with countries such as Benin and Niger in order to check smuggling of contraband into the country.

Volume of the Premium Motor Spirit, also known as petrol, imported into the country dropped to 1.46 billion litres in September, down from 1.64 bn litres in August and 1.99 bn litres in July. NBS data showed that petrol imports stood at 2.24 bn litres in January; 1.56 bn litres in February; 1.07 bn litres in March; 2.07 bn litres in April; 2.01 bn litres in May, and 1.53 bn litres in June.

The country imported a total of 5.09 bn litres of petrol in the third quarter of the year, down from 5.61 bn litres in the previous quarter. A total of 4.89 bn litres of petrol was distributed by trucks to all states in Q3, compared to 5.18 bn litres in Q2, according to the NBS. The volume of Automotive Gas Oil (diesel) imported into the country dipped in September to its lowest level this year at 322.63 million litres, compared to 377.91 mn litres in August and 483.93 mn litres in July.

Diesel imports hit a high of 580.39 mn litres in June, rising from 452.19 mn litres in May; 351.18 mn litres in April; 391.21 mn litres in March; 379.75 mn litres in February, and 436.03 mn litres in January. The country imported 1.18 billion litres of diesel in Q3, down from 1.38 bn litres in Q2. The data also revealed that a total of 1.25 bn litres of diesel were distributed across the country in Q3, compared to 1.28 bn litres in the previous quarter.

Nigeria, Africa’s top oil producer, relies heavily on importation to meet its fuel needs as the nation’s refineries remain in a state of disrepair. The Nigerian National Petroleum Corporation had said in early September that the recent closure of the borders might have contributed to the huge reduction in petrol evacuation from fuel depots.

“Significant drop in the PMS evacuation from fuel depots noted since August 22nd may be connected to border closure and other interventions of the security agencies aimed at curbing smuggling. We will contain smuggling of the PMS,” the Group Managing Director, NNPC, Mele Kyari, tweeted on September 7.

The corporation had said in July that petrol was being smuggled out of the country to Ghana, Burkina Faso, Mali and Cote d’Ivoire as a result of the price disparity of petrol between Nigeria and the other West African countries.

SOURCE (abridged): https://punchng.com/petrol-diesel-imports-drop-after-border-closure/

studentofTruth:
Yes, I'm blind. Please, give me examples of good businesses with guaranteed returns, which one can do with N1m.

I'm waiting for your response. Thank you.

Let me assist.

Below is a list of businesses that require low starting capital and can give returns well over 100% per year.

Negative thinking has blinded many Nigerians to opportunities staring us in the face. My word of advice is to think positively and always look for a remedy rather than complain. God bless you!

1. Quail Bird Farming
2. Catering Services (Indoor and Outdoor)
3. Mobile food Vending
4. Computer Training Centre
5. Computer Repair and Accessories Sales.
6. Mobile Phone Sales and Repairs
7. Rental Services
8. Food Processing
9. Cement Sales and Distribution
10. Frozen food Sales
11. Pure and Bottled Water Production
12. Livestock Farming
13. Poultry Farming
14. Used Car Sales
15. Social Media Marketing
16. Blogging
17. Freelance Writing
18. Mini-Importation
19. Exportation
20. Cooking Gas Sales
21. Recruitment Agency
22. Uniform Making factory
23. Ready-to-wear clothes making
24. Haulage and Logistics
25. Transportation
26. Online Marketing
27. Bulk SMS Services
28. Daycare Centre/Crèche
29. Small Scale Manufacturing
30. Scrap metal sales
31. Waste Management Services
32. Pet Breeding
33. Animal feed production
34. Ethanol Production
35. Software and games development
36. Security gadget sales
37. Home/Office Cleaning Services
38. Recharge Card Printing and Sales
39. Sports Viewing Centers
40. Massage Parlour
41. Building Blocks Production.
42. Art Gallery
43. Ice Cream Production
44. Jewelry making
45. Travel agency
46. Natural Fruit Juice Production
47. Photography and Videography
48. Magazine Publication
49. Monogramming and Branding Services
50. Weight Loss Consultancy
51. Biscuit Production
52. Printing and Book Production
53. Private Library Services
54. Hairdressing Salon
55. Day Spa
56. Nail Studio (Manicure and Pedicure)
57. Selling Fruits
58. Selling honey
59. Affiliate marketing
60. Personal Fitness Instructor
61. Business broker
62. Car Wash and Detailing Services
63. Dating Service
64. Make-up Artist
65. Video game Center
66. Pharmaceutical company
67. Stock Photography
68. Art brokerage
69. Resume writing
70. Online Vitamin/Health Food Store
71. Virtual assistant
72. Pest control
73. Car Rentals
74. Nanny agency
75. Mail-order business
76. Ice block production
77. Night Clubs and Restaurants
78. Solar energy installation and equipment sales
79. Antique Furniture Sales
80. Laundry Service
81. Virtual Call Center
82. SEO Consultant
83. Gift Baskets
84. Disc Jockey (DJ)
85. Personal Shopper & Errand Service
86. Wine Production
87. Sports Collectible Shop
88. Funeral Arrangement Company
89. Oil Palm Plantation
90. Internet Radio Station
91. Online Clothing Store
92. Modeling and Event Ushering
93. Marketer/PR Agent
94. Fashion Stylist
95. Automobile Repairs and Fleet Management Services
96. Facility Management Services
97. Appliance Repair Service
98. House Painting
99. Alternative Power Supply
100. Security Gadget Sales and Installations.

The text message a FUTO lecturer sent to his student who choose to do her IT in Kaduna has left many shocked.

A student of the Federal University of Technology, Owerri (FUTO) who chose to have her mandatory industrial training (IT) in Kaduna received an unbelievable text message from her lecturer who is supposed to come supervise her at the place of training.

Social media user, Chinonso shared the alleged text message from the lecturer and it reads;

"Hi I am Engr…… from metallurgy and materials department. So of all the places you could do your I.T you chose to go to Kaduna? I just read in the papers now that bandits stopped two buses at Kachia Kaduna South and kidnapped everybody, demanding N1.5m ransome per head… that is the place you want me to come supervise you? I.T. gbuo gi dia… when you come to school bring your log book to my department for signing. And am going to remove 10 marks for this nonsense you did. Attempting to permanently separate me from my wife and children. God dey."

SOURCE: https://www.gist mania.com/talk/topic,406429.0.html

The Central Bank of Nigeria (CBN) crashed average stop rates of treasury bills at the primary market to single-digit; to 8.93% from 10.48%, Business Post can report. As anticipated, the exercise was oversubscribed, as investors staked a total of N555.98 bn on the N125 bn T-bills brought to the market by the apex bank.

CBN had offered investors N4.38 bn worth of 91-day bills, N12.92 bn of 182-day bills and N107.94 bn of 364-day bills. However, when subscriptions were analysed, the bank had N58.43 bn staked on the 3-month instrument, N57.85 bn on the 6-month and N439.70 bn on the 12-month tenor. At the end of the exercise, CBN allotted N4.38 bn of 91-day bills at 7.80%, N12.92 bn of 182-day bills at 9.00% and N107.94 bn of 364-day bills at 10.00%.

When compared with previous session held October 30, 2019, stop rates of the 91-day bill dropped from 9.5%, the 182-day bill from 10.45% and the 364-day bill from 11.50%. Business Post reports that if the demand for treasury bills continue, stop rates would further be lowered by the central bank at the next exercise fixed for November 27, 2019.

As stated in our earlier report, investors will continue to look at the primary market for treasury bills as a result of the recent directive of the CBN on the sale of its OMO bills (READ IT HERE: https://businesspost.ng/economy/rush-for-t-bills-to-weaken-rates-at-wednesdays-pma/). This will continue to drive the rates lower until there is an inevitable need for another hike to trap investors.

SOURCE (abridged): https://businesspost.ng/economy/cbn-crashes-treasury-bills-rates-to-single-digit/amp/

KANO State Police command, in its effort to rescue children kidnapped from Kano to other parts of the country, has rescued a minor named Muhammed Ya’u (male) 11 years old kidnapped in the year 2014 at PRP Quarters Kano and sold for N200,000 at Onitsha in Anambra State.

This was disclosed in a statement signed by the image-maker of the Police, DAP Abdullahi Haruna, a copy of which was made available to newsmen, on Tuesday. The DSP disclosed that between 05/11/2019 to 08/11/2019, the Command’s Anti Kidnapping Team of Operation Puff Adder, carried out another rescue operation where one Muhammed Ya’u (male) 11 years old kidnapped in the year 2014 at PRP Quarters Kano, was successfully rescued at Onitsha in Anambra State.

The statement disclosed that the minor was kidnapped by Paul Onwe (male) and Mercy Paul (female) and sold to Ebere Ogbodo (female) for the sum of Two Hundred Thousand Naira (N200,000) and renamed as Chinedu Ogbodo. All suspects are currently under investigation.

His words, "Effort is in top gear to rescue more kidnapped children. The Command is using this means to thank the good people of the state for their support, patience and their efforts in fighting all forms of crime and criminality in the State."

SOURCE: https://tribuneonlineng.com/11-year-old-kidnapped-in-kano-sold-at-onitsha-for-n200000-rescued-by-police/

Chris Chapman, 59, thought he had found the love of his life when he met Julie Marsden, 55. Instead, she subjected him to years of hell. He was only allowed out of the shed twice a week.

A man has bravely spoken of how he was forced to live in a shed at the bottom of his ex-partner's garden for more than a year on a diet of cold baked beans and rice pudding. Former accountant Chris Chapman, 59, is one of the first examples of a white British 'modern day slave' in Nottinghamshire and has dropped his right to anonymity in the hope others will come forward.

During the 8 long years of abuse, Mr Chapman was financially drained and forced to live in a small shed with no heating, where his partner controlled the electricity. He had to bathe in a bowl of cold water, use a bucket to go to the toilet, and was only allowed out of the shed twice a week.

He was also threatened, humiliated, and assaulted by his partner and her new lover, reports Leicestershire Live. Rabbits in their three-bedroom Kirkby-in-Ashfield home were treated better than he was.

Mr Chapman thought he had found the love of his life when he met Julie Marsden, 55, during a tour of classic rock show Vampires Rock. He was working in lighting and he was attracted to her "comical and open" personality, but there was something far darker lurking underneath. Speaking from a hotel room, he said: "I have always been cautious but I threw caution to the wind this time and I paid for it."

The pair formed a relationship in 2010, where she made promises of wedding proposals, but he believes her eyes wandered when she found out he had his own home. She forced him to sell his Leicestershire property for half the price at £50,000, and moved him into her home, where she began to suck him dry. He was also encouraged to sell off his valuables in order to assist with the bills, while she never worked again.

"The house money went in six months," he said. "Every time we went out, she would say 'I would like that.' She took every penny. The abuse started when the money ran out."

He said the first thing to go was his place in the bed they shared; forcing him to sleep on a single mattress under the stairs next to three freezers and a tumble dryer. She convinced him it was because he had to keep a close eye on their dogs.

"I was getting more ostracised," he said. "She said 'you can leave at any time but you will be homeless. I was fearful of that option."

Then, in 2016, she told Mr Chapman she wanted an open relationship and brought Gary Cooper, 53, into the home they shared. He moved into the bedroom immediately. He was told he could no longer eat at the table and was forced to have his tea on the bottom step of the stairs so he didn't make any noise.

Then on a cold New Years Day in 2017, he was booted out of the home and told he must live in the 8ft by 5ft shed at the bottom of the garden, with no insulation. He had to use bottles and a bucket to go to the toilet, and could only empty the contents on the two days he was allowed out a week.

As Marsden had complete control of his bank accounts, she gave him £15 a week to dip into; money that came from the £146 fortnight benefits he received for ill health. He lost seven stone (44 kg ) due to a poor diet and was given no proper cooking facilities.

They even had a switch hooked up to the home where they could control his electricity. As his escape was listening to the rock music on his laptop, they would turn it off at 10.30pm, sometimes before, to prolong the suffering. "I was a slave primarily. There were more and more rules. I had no say. "When I came out of the shed I was told to go back in. 'You can't be out here. It's not allowed.'

"I had to stay in the shed and I was told I could not look out of the window. If I went into the house I would have Gary threatening to hit me. I was given a bowl and an outside tap to wash. I did have a kettle but if I used that for hot water they said their bill will go up. They stopped feeding me early on - that was the first thing that was taken away.

"They gave me £15 out of my benefits and I had to live off that. I had to buy my own food. It was cold baked beans, rice pudding and some bread. In the middle of the summer my margarine was turning into water. I did not even have a fan. When it was cold, it was exceedingly cold because there was no heating. Five days a week I was in there 24 hours a day."

Due to the harsh conditions he developed arthritis and depression. "I certainly felt dispair. How can I live like this? How did I end up like this? I still clung onto hope, the hope that eventually she had to let me go. I really don't know why they treated me that way unless it was purely financial." Despite the years of abuse, Mr Chapman said: "I still have no degree of malice towards them."

When asked why he never left, he said: "If you don't have a penny - I hadn't even got 20p in my pocket - how do you get out of something like that? The fear of being homeless was my greatest fear, which they preyed on. I felt very isolated. Lonely is not a strong enough word. I was losing the art of conversation because I was not talking to anyone and because they were telling me what to do. I did not live, I endured. It was long days of endurance getting me through each day and to keep my sanity and hope."

Police came across Mr Chapman after a neighbour witnessed Cooper assaulting him in May 2018. They stumbled across his living conditions and the pair were arrested on modern slavery charges.

The Crown Prosecution Service went for control and coercive behaviour in a relationship and Marsden pleaded guilty. Marsden was jailed for 16 months while Cooper was jailed for 15 months for assisting the offence. A restraining order was also made against the pair never to contact Mr Chapman. Mr Chapman was moved to a safe house for victims of modern slavery.

Detective Sergeant Mike Ebbins, who works for Nottinghamshire Police's Modern Slavery Team, said: "It was a hell hole. You would not want to go into that shed. This case is a good example of our misconception that modern day slavery is foreign nationals. It is a reminder to all of us that it can happen to anyone. Chris is educated and an accountant. He has lost everything, all of his belongings are ruined."

Mr Chapman added: "I have no history. It was like I was born 18 months ago. I don't even have a photo of my parents anymore.

SOURCE: https://www.mirror.co.uk/news/uk-news/man-forced-evil-ex-live-20843767?utm_source=mirror_newsletter&utm_medium=email&utm_content=EM_Mirror_Nletter_DailyNews_News_smallteaser_Image_Story7&utm_campaign=daily_newsletter

A businessman identified as Osondu Nwachukwu, has been killed by his abductors despite receiving a ransom for his release in Nasarawa State.

Nwachukwu’s family in an interview called for more government action at the state and federal levels in tackling the security challenges bedevilling the country. Nwachukwu, aged 55, resided in Nasarawa for over 30 years and was a sachet water seller who used his apartment for residential purpose and production point.

His pastor, Reverend Father Joshua Obile, described him as a peace-loving man whose major concern was to provide for his family. The clergyman said, “He doesn’t like trouble with anyone, you hardly see him exchanging words with people.

“He was a lover of peace, even in his house when I come around to visit them, you will always see him up and doing. He is a man who is committed, diligent, and obedient.”

Nwachukwu was seized from his residence on October 30 by suspected robbers who dispossessed him of cash, valuables, and documents of his house. After several days in captivity, a ransom of N20 million was demanded and after several pleas, it was reduced to N10 million and further down to N40,000, which was paid. However, he didn’t come back alive.

SOURCE: https://www.lindaikejisblog.com/2019/11/igbo-businessman-osondu-nwachukwu-killed-by-his-abductors-despite-receiving-a-ransom-for-his-release-in-nasarawa-state.html

Nigerian relationship expert Joro Olumofin has stated that the reason why a lot of women did not find husbands this year is because they are broke. The self acclaimed “love doctor” made this interesting revelation on his instagram page.

Joro alleged that men nowadays are more materialistic than women and as such are looking to settle with women with qualities such as being financially stable and not just blessed with a pretty face. He also claimed that gone are the days when it was women who had a check list when it comes to relationships because now men have become even more demanding than women.

The relationship expert then advised women to start working hard to make money because they are hustling for men as well and not just themselves.

He said:

“A lot of ladies didn’t get married or meet a suitor this year because of their Bank Account Balance and Socioeconomic status. THE STATE OF RELATIONSHIPS has changed. Men are now more Materialistic and Demanding than women.

“Years ago, women seemed more materialistic and had a Checklist: A man must have MONEY, A CAR, A HOUSE etc.

“Ladies, BREAKING NEWS. Men are no longer interested in a Pretty Face, God fearing woman and Good cook as a PRIMARY BENCHMARK for finding a wife. Today’s man's PRIMARY BENCHMARK is MONEY.

“Today’s man is interested in :

1. In Your fathers surname.
2️. Today’s man doesn’t want to hear I’m unemployed.
3️.Today’s man wants to know if you have a car, your own place.
4. Today’s man wants a lady who can change his life.

“This is the main reason thousands of Beautiful, God fearing ladies are single. ^So ladies, you’re not hustling for yourself alone anymore. You’re also hustling for men too. This is the new reality”

SOURCE: https://www.jivenaija.com/people-places/news/a-lot-of-ladies-are-single-because-they-are-broke-joro-olumofin

Winners Chapel Pastor, Moses Oyeleke, who was on Wednesday, April 10, 2019, abducted by Boko Haram, alongside a woman, Ndagilaya Ibrahim Umar of Government Science Secondary School, Askira Uba in Borno, has regained his freedom.

According to Sahara Reporters, the Nigerian Army, and the Department of State Service (DSS), in collaboration with the Initiative For Peace-building Movement and Kalthum Foundation For Peace, facilitated the release of the duo. Oyeleke and his abducted secretary, Umar regained their freedom on Sunday, November 10, 2019.

Punch reports that the mission that led to Oyeleke’s freedom started penultimate week after Governor Babagana Umara of Borno, had reached an agreement with the NGOs, while informing military and security agencies.

Recounting his ordeal in the hands of his captives, Oyeleke said, “We were on our way to Chibok when they caught us and took us to Yola; from there, they took a detour and finally took us to Sambisa.

“It was the two of us, myself and my brother, who was not released. They have promised us that when they finish discussions, they’ll release them in December; himself and the elder sister of this girl I was released with. I am very happy today that we have been rescued because where we are coming from, we have come from a place of darkness to light; that is why my heart is filled with joy because I have seen my family, friends, and associates.

“I stayed peacefully with them for up to seven months. Many times they requested me to convert to Islam, their preachers had preached to me a lot of times but you know when you have wisdom, you relate with people in a way that would not lead to quarrel.

“When they come to preach, I pay attention to everything they said and when they asked me questions about things that I know will cause problems if I respond, I always tell them I don’t know so that I don’t say things that would offend them.”

SOURCE: https://www.pulse.ng/news/winners-pastor-oyeleke-speaks-on-his-time-with-boko-haram/r5j1g7z

Still available for sale...

Rotimi Amaechi, minister of transportation, says the railway wagon assembly plant in Kajola, Ogun state, will generate 5000 jobs after its completion. He said this during the official ground-breaking ceremony performed by Vice-President Yemi Osinbajo, on Saturday 9th November 2019.

The minister said the plant is one of the gains of the federal government’s partnership with the Chinese Civil Engineering and Construction Company (CCECC), which made the investment.

“The Ministry of Transportation realizing the need of the advantage to set up this type of plant considering the potential need in view of the on-going rail projects in the country and the sub-region, encouraged Messrs CCECC to establish this plant,” he said.

“It is expected that the plant would generate job opportunities for Nigerians and as well facilitate the much-desired objective of the government towards the local content capacity development.

“It was in the pursuit of these objectives that the Federal Ministry of Transportation signed an agreement with Messrs. CCECC Nig. Limited in March, 2018 to establish this plant for the production and assembling of rolling stock, spare parts and maintenance equipment in Nigeria. Consequently, Messrs. CCECC conducted a feasibility study in which the choice of Kajola, Ogun State was arrived at as the suitable location for the project.”

“This will be the first of its kind in Nigeria and the first batch of the wagons to be assembled from the production line of this plant will form part of the rolling stock for Lagos – Ibadan and Abuja – Kaduna Railway operations. ubsequently, other rolling stock would be produced as its production capacities increase.

“The project when completed would be able to generate about 5,000 jobs and in the long run Nigeria would be able to manufacture rolling stock for Nigerian use and for other African countries.”

In his remark, Jiang Yigao, managing director of CCECC, said the plant has the capacity to produce 500 wagons each year. He said the concept of the project is to make Nigeria self-sufficient and also become an exporter in the long run. “With the completion and operation of the Abuja to Kaduna Railway, Abuja Rail Mass Transit and work on other railway projects, the plant will play a pivotal role in ensuring the provision of wagons,” he said.

“The socio-economic benefits of the plant cannot be overemphasized. A number of youths will be employed and it will stimulate creation of other ancillary jobs and bring development not only to Kajola community but the south-west in general.

“The plant has the capacity to produce 500 wagons per year and will undertake key production processes like welding, assembly, painting, drying and testing. It has the capacity to produce open, container, flat, tank and box wagons. Nigeria is surely marching to greater development and CCECC will continue to partner with Nigeria in ensuring the technological development of the country.”

SOURCE (abridged): https://www.thecable.ng/amaechi-why-we-convinced-ccecc-to-build-railway-wagon-plant-in-ogun

Call 08164502125.

At least one person was confirmed dead, while others sustained injuries in a communal clash that broke out on Sunday at Okobaba, Ebute-Meta, Mainland Local Government Area of Lagos, where a fire incident had happened on Friday, November 8.

Violent clash was said to have broken out in the early hours of Sunday between a group of truck pushers who specialise in scrap gathering, mainly Hausa youths, and some Odua Peoples Congress members. However, personnel of the Denton Police Station, Lagos State Command, raced to the scene of the clash and restored peace and order to the area.

Narrating how the clash happened to the Lagos State Government team which visited the area on Sunday, leader of Hausa Youths in Okobaba, Mr. Hassan Ibrahim, said trouble started when some Hausa youths went to buy scraps from the burnt shanties.

He said on their way back, they were “intercepted and harassed” by some “OPC miscreants” who demanded money before they could go with the scrap materials.

“The youths resisted them,” Ibrahim told the government agents led by the Commissioner for Finance, Rabiu Olowo; and supported by that of Physical Planning and Urban Development, Idris Salako; Special Adviser to the Governor on Civic Engagement, Aderemi Adebowale-Owoeye. They were accompanied by the Chairman, Lagos Mainland Local Government, Mrs. Omolola Essien.

“In the process, fight broke out. One person was shot in the head and others who sustained injuries are currently receiving treatment at the Ebute-Meta Health Centre.

The governor’s representatives pleaded for calm and cooperation among the warring parties and the fire victims, and urged them to maintain peaceful coexistence, shun conflict and violence.

The governor’s delegation also visited the Ebute-Meta Health Centre, where those injured during the fracas were being treated.

SOURCE: https://punchng.com/one-dies-as-opc-hausa-clash-at-okobaba-area-of-lagos/

Hello Nairalanders...

The house is still available...call 08164502125 for inspection, negotiation and purchase.

Residents of Citiview Estate in the Warewa area of Ogun State have protested against refusal of the developer, Propertymart Real Estate Investment Limited, to address the problems in the estate and give some of them title documents to their dwelling units.

The residents said the developer had refused to fix the damaged infrastructure in the estate despite several letters notifying it of the condition of the estate.

The homeowners, under the aegis of the Citiview Residents’ Association, during a peaceful protest at the developer’s office in the Magodo Phase II area of Lagos, on Thursday, noted that flood had damaged the entrance to the estate, making it extremely difficult for them to drive in and out.

According to the residents, it would have been impossible to access the estate if not for their efforts to raise funds to purchase granite and boulders to fill the widening pothole in which a pool of water had formed and was blocking the entrance.

They also complained of other life-threatening problems, including floodwater mixed with human waste, which had contaminated the water in the estate; poor drainage system, defective buildings and infrastructure, adding that many of the residents had yet to get the title documents on their property.

The Vice-Chairman of the association, Aderemi Lateef, who spoke on behalf of the residents, noted that they decided to embark on the peaceful protest after previous deliberations with the developer failed to yield the desired results.

He said, “The issues we are facing are multifarious; promises are not fulfilled, we have failed infrastructure, flooding of the estate, poor sewage design and implementation, lack of perimeter fencing, poor electrical infrastructure that keep failing and poor project execution.

“The road that leads to the estate has failed; over 70 per cent of the residents have moved out of the estate and families are being separated; we kill dangerous animals on the estate on a daily basis and the developer is not responsive; we have held several meetings with the officials with no result to show for it and we have written so many letters without any result.

“While we were coming out of the estate this morning (Thursday), the group managing director of the firm came to the estate to block us with the intention of preventing us from coming here, but we told him that we had the mandate of our people that we should deliver the letter in his office and we could not change that and we left him there.”

The residents, who held a meeting with the management of the firm after the protest, accused it of intimidating them with the Department of State Services’ operatives.

“When we got to the office to deliver our letter to the management, we were told that there was a third party, who was not there when we purchased the property, and the person representing the third party said he was representing the DSS; we do not know the business of the DSS in the meeting; so, we had to abort it,” Lateef added.

However, the solicitor to the firm, Taiwo Adedeji, said Propertymart was working on the demands of the protesters, adding that the firm did not invite the DSS to intimidate the residents. He stated, “We had met before now but sometimes, developments necessitate the need to meet again. The protesters are our customers, whom we have engaged as stakeholders in the system and their grievances are issues that we did not just start to address.

“Some of their grievances are due to natural occurrences like the flood and this is the first time it will be happening in this dimension; even when other estates around were been submerged by flood, our estate was not that vulnerable because of the infrastructure that the company put in place.

“Most of the residents have received their title documents and this is not something that starts and ends on our table; it is also tied to the activities of the government; but the larger percentage of the residents has title documents, especially those who have completed their payment.

“We cannot hold on to their title documents and for those who have not collected theirs, we are engaging the government to make sure that the documents come out. We are going to address all the demands of the residents, because they are our stakeholders.”

Speaking on the DSS involvement, Adedeji said the operatives did not come on the firm’s request, but that they were invited by concerned residents of Magodo Phase II, who saw the protesters with placards.

SOURCE: https://punchng.com/residents-protest-estate-decay-demand-title-documents/

Good morning dear Nairalanders...

NEW 4-BEDROOM TERRACE DUPLEX FOR SALE AT SANGOTEDO, LAGOS

PROPERTY LOCATION
It is within Pearl Nuga Park Estate along Monastery Road, Sangotedo. Just 8 minutes drive from Lagos Business School, and within walking distance of Novare Lekki Mall. The estate is already occupied and is managed by the Residents/Owners Association. Neighbouring estates include Crown estate, Emperor estate and Diamond estate.

DESCRIPTION
The Terrace house consists of 3 bedrooms and a maid's room all ensuite, a sitting room with dining area, a kitchen and a store, a guest toilet and parking space for 2 cars. It has it's own borehole with 2 storage tanks.

PRICING
Price of the house is N28.5m (slightly negotiable).

CONTACT
Telephone: 08164502125.

Call 08164502125 for inspection.

Still available.

PROPERTY LOCATION
It is within Pearl Nuga Park Estate along Monastery Road, Sangotedo. Just 8 minutes drive from Lagos Business School, and within walking distance of Novare Lekki Mall. The estate is already occupied and is being managed by a vibrant Residents/Owners Association. Neighbouring estates include Crown estate, Emperor estate and Diamond estate.

DESCRIPTION
The Terrace house consists of 3 bedrooms and a maid's room all ensuite, a sitting room with dining area, a kitchen and a store, a guest toilet and parking space for 2 cars. It has it's own borehole with 2 storage tanks.

PRICING
Price of the house is N28.5m.

CONTACT
Telephone: 08164502125.

Arthur Nwabufo, a Nigerian navigator and cadet at the Far Eastern State Technical Fisheries University of Russia, is currently on an ”around-the-world” expedition on the Pallada. He is said to be the first Nigerian to reach Antarctica with the Russian fleet.

The training sailing vessel ‘Pallada’ is described as the pride of the Far Eastern State Technical Fisheries University and was built in 1989 at the shipyard of Gdansk in Poland. The expedition is dedicated to the 200th anniversary of the discovery of the Antarctica by Russian navigators.

A letter signed by Olga Tischenko, head of foreign affairs department of the university, addressed to the Nigerian embassy in Moscow announced the feat.

”This is to inform the Nigerian Embassy, that Mr. Arthur Oge Nwabufo a cadet from the Far Eastern State Technical Fisheries University is currently sailing on board sail training ship “Pallada” on the Round the World Expedition and he is the only Nigerian among cadets and crew-members of the sail ship,” it read.

Nwabufo is the younger brother of Fredrick Nwabufo, Nigerian journalist and columnist.

SOURCE: https://www.thecable.ng/nwabufo-first-nigerian-to-reach-antarctica-on-world-expedition-on-russian-pallada

The Federal Road Safety Commission (FRSC) has threatened to arrest masquerades causing traffic gridlock or accidents during the Christmas and New Year festivities. Kehinde Adeleye, zonal commanding officer RS5 Benin city, announced this during the commission’s ember months campaign in Onitsha, Anambra state, on Thursday 07 November 2019.

Adeleye said there were cases in the past when masquerades engaged in acts which resulted in gridlock, road crashes and inconvenience. Describing the ember months as a season of masquerades, “This time we may have to arrest such masquerades.”

Adeleye, who delivered the speech of Boboye Oyeyemi, FRSC corps marshal, warned motorists against flouting traffic rules and embarking on night journeys. He thanked the government of Anambra for its support for FRSC and pledged the commitment of the corps to ensuring safe motoring environment in the state.

In his address, Andrew Kumapayi, sector commander in Anambra, said the FRSC is ready to ensure safe motoring environment in the state. He said the command had already identified the strategic routes in the state and deployed personnel to effectively check such areas.

The campaign was declared open by Willie Obiano, the governor, who was represented by Nkem Okeke, his deputy.

SOURCE: https://www.thecable.ng/extra-frsc-threatens-to-arrest-masquerades-over-traffic-gridlock

Still available...call 08164502125.

Invest for the future today.

Most posters for domestic violence always portray the victim as a woman and generally when the subject is brought up, it is automatically assumed that the woman is the victim.

There is however, a small group of men who have suffered domestic violence in the hands of women. These Nigerian men are now coming out to share their stories and experience in handling women with violent tendencies who have engaged in domestic violence against them in the past.

Most of them say they simply walk away and do not give the woman a chance to repeat it again and others say they endured the domestic abuse, read some of the stories below:

SOURCE: https://www.gist mania.com/talk/topic,405822.0.html