₦airaland Forum

Mobil Oil Nigeria has announced that ExxonMobil Oil Corporation will be selling off 60% of the company’s shares to in Mobil Oil Nigeria to Nipco PLC. In statement released by the company, the sale is subject to approval

Read more https://pageone.ng/2016/10/19/nipco-60-exxonmobil-oil-corporation/

Ex-international Daniel Amokachi has alleged that Nigerian youth are levied up to a tune of Two Hundred and Fifty Thousand Naira (N250,000) to be selected to represent their fatherland Nigeria at U-17 National team cadre.

Speaking at an event with the coalition of Civil Society Organisations, CSOs, operating under the aegis of National Support Groups for Good Governance, NASUGG, protesting in support of war against corruption in Abuja, as reported by Vanguard , the Bull as he is nicknamed pinpointed that corruption has eaten deep into sports in the country.

Read more https://pageone.ng/2016/10/19/amokachi-says-nigerians-pay-n250000-play-u-17/

Dangote Industries limited has announced that it has finished the acquisition of Twister B.V.

Twister B.V. formerly owned by Shell Technology Ventures Fund 1, before its recent acquisition by DIL along with its partner – First E&P.

Read more https://pageone.ng/2016/10/17/dangote-group-acquires-twister-b-v/

According to latest data released by the National Bureau of Statistics, NBS, in September inflation rose to 17.9% compared to 17.6% posted in the month of August.

The NBS said in its summary note that the increase in the index to 17.9% was as a result of increases recorded across ‘COICOP divisions which contribute to the Headline Index. Communication and Restaurants and Hotels recorded the lowest rates of increase of the 12 divisions, growing by 5.6 percent and 9.6 percent respectively’.

Read more https://pageone.ng/2016/10/15/inflation-rose-17-9-september-inflation/

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According to its corporate disclosure, UBA PLC has intimated its investors/shareholders that it is embroiled in series of lawsuits with a total claim estimated at NGN430.84 billion.

Read more https://pageone.ng/2016/10/11/sue-uba-plc-ngn430-84-billion/

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I think Adsense has many strong rules that we should all be careful about. As a blogger I understand that it is disappointing that you work hard and you are being punished for no reason. However, there are many tricks that people are devising to cheat the system.

There are indications that Paris Saint Germain Academy, the youth system of french club PSG F.C is set to launch in Nigeria soon as part of its plan to produce elite football players while offering them an adapted and complete scholarly education.

It could be recalled that FCBEscola, the academy of Spanish giants FC Barcelona recently unveiled its academy in Lagos.

Read more https://pageone.ng/2016/09/29/paris-saint-germain-academy-nigeria/

DSTV Nigeria only has about 1.5 million subscribers even as it conceded to a PwC report that Nigeria's payTV household is expected to reach 3.2 million by 2019.

The data was revealed a special meeting organised by DSTV, Africa's largest payTV company gathered managing directors of media and advertising agencies to share its.

In its notes to invited agency chiefs, DSTV said its total subscriber base in Africa is about 10,4 million across 50 African states. The company did not provide breakdown by countries.

Source: https://pageone.ng/2016/09/28/dstv-1-5-million-subscribers/

After many months of stalemate, IATA, the trade association of commercial international airlines said Nigeria has paid up about 42% of the total blocked revenue it was owing international airlines.

It would be recalled that in June, IATA had complained that while Venezuela blocking the release of about USD3,78 billion, Nigeria was also blocking about USD591 million revenue of international airlines’ ticket sales.

Source: https://pageone.ng/2016/09/28/nigeria-blocked-revenue-airlines/

After many months of stalemate, IATA, the trade association of commercial international airlines said Nigeria has paid up about 42% of the total blocked revenue it was owing international airlines.

It would be recalled that in June, IATA had complained that while Venezuela blocking the release of about USD3,78 billion, Nigeria was also blocking about USD591 million revenue of international airlines’ ticket sales.

Source: https://pageone.ng/2016/09/28/nigeria-blocked-revenue-airlines/

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While MMM Zimbabwe was collapsing, some 'smart' Zimbabweans who are still interested of making money from Ponzi Schemes have started WhatsApp Ponzi Schemes, perhaps to fill the vacuum created by MMM.

Since MMM froze Mavros (Ponzi currency used in the network by members to determine the value of donations and interests), many former members who have learnt through the ropes have taken it upon themselves to float various WhatsApp groups that operate like a 'pseudo-MMM'.

A typical WhatsApp Ponzi Scheme is operated by an admin who controls just about everything on the group. All members are required to pay the admin about USD3 per week to remain in the group. Just like MMM, there are no guarantees or promise of payback by any member who receives help in the group.

To forestall immediate collapse of a typical WhatsApp Ponzi Scheme, the admin typically regulates the admission rate in the group to ensure the number of deposits and withdrawals are regulated.

Source: https://pageone.ng/2016/09/24/zimbabweans-whatsapp-ponzi-schemes/

An exclusive revelation by Reuters shows that the Federal Inland Revenue Service, FIRS has uncovered over 700K firms registered in have never paid tax.

Babatunde Fowler, the Chairman of the FIRS also confirmed to Reuters that over 10 million individuals who have never paid tax will also be discovered before the end of the year. He affirmed that any one discovered on the list will be made to pay tax to the government.

As to how the FIRS came about the discovery, he revealed that the agency has since set up a special tech unit armed with laptops and special software to update the agency's database.

He said "We have been able to add about 700,000 companies and we expect to add about 10 million individuals across the nation (by December). From our estimates, we expect that we have 60 million individuals who should pay some form or level of tax".

Source: https://pageone.ng/2016/09/23/700k-firms-paid-tax/

Jumia, Rocket Internet's eCommerce group in Nigeria and Africa has just released its 2016 half year consolidated result showing the company recorded a net loss of EUR35.4 million within the period.

When compared to its net loss recorded in last year, the company has managed to reduce its loss by 19%. In the first half of 2015, the company recorded a net loss of EUR43.7 million.

Also on the topline, Jumia's revenue also fell by 56%. With the first half of this year, net revenue was EUR33.0 million compared to last year when it recorded EUR75.8 million f0r the first half of 2015.

Source: https://pageone.ng/2016/09/22/jumia-35-4-million-loss/

Africa’s richest man, Aliko Dangote said he is still very much interested in buying Arsenal Football Club, one of the four leading teams in the English Premier League.

He made this known today in New York where he said he looks forward to buying the team in the next four years.

Last year, Dangote had made known his intention to buy the football club but, later shelved the decision.

Dangote is currently involved in a USD20 billion refinery project in Lagos. Coupled with his investments in Dangote Cement, he said he will want to focus on getting over with those before gearing up to go for the deal.

Dangote is worth about USD10 billion by Bloomberg billionaire index. Arsenal is said to worth about GBP1,7 billion based on its market capitalisation.

Dangote has not disclosed what he plans to do with the team but he told Bloomberg that he plans to run it better and it will not be “business as usual” when he is in charge.

Part of the reason for waiting for the next four years to make the offer for the football club is also as a result of the huge loss to his portfolio after the depreciation of the Naira (NGN).

In June, Dangote had confirmed that he has closed a loan deal with ICBC of China to further develop two of his Cement factories.

If for anything Dangote has just confirmed he has more on his plates than to focus on buying a football club.

Source: https://pageone.ng/2016/09/21/dangote-buy-arsenal-fc-four-years/

Three weeks after its reported collapse which the organisation referred to as 'freezing of Mavros' and 'discounting', MMM Zimbabwe members still cannot withdraw their deposits or 'donations' with the huge interest and bonuses.

Apparently shakened by the flurry of media attention on the 'collapse' of MMM Zimbabwe, MMM East Africa, Administrator of MMM Zimbabwe is using misleading information to deceive unsuspecting members and visitors to the site (ea-) that the Ponzi scheme is still providing help.

While MMM East Africa has not made any public comment on the health of MMM Zimbabwe, the scheme has gone ahead to publish verbatim, supposed letters from satisfied members who 'GH' (got help- another word for withdrawal with promised 30% interest and bonuses).

However, operators of the scheme are did not notice that all the actual dates in the testimonies of 'satisfied' members were dated before the day the its collapse was reported. As at 09.00am Nigerian time (GMT+1 West Central Africa), none of the testimonies posted in the website was done after the 6th of September, 2016.

This further validates last week's report that MMM Zimbabwe was probably collapsing. The admin had between the 5th or 9th of September froze withdrawals and slashed old members' deposit by 80% via its technical devaluation of the Mavro (its Bitcoin-linked Ponzi currency used a measurement of donation on the platform). In reply to a buzz of negative publicity, MMM had responded saying:

https://pageone.ng/2016/09/21/mmm-zimbabwe-withdraw-deposits/

This is a sign of what Sambo and Jonathan should expect by #FeBuhari14. PDP will be history by then