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Showing posts from February 3, 2019

Nigeria population figures not accurate-UNFPA

The United Nations Population Fund's (UNFPA) Assistant Representative in Nigeria, Osaretin Adonri, has said the Nigerian population figures are speculative, projected and not accurate. The country is long overdue for a census, which would dismiss the catalogue of speculative population figures.  The 2006 population census conducted puts Nigeria’s population at 140,003,542 while the National Bureau of Statistics (NBS) 2012 data estimated Nigeria’s population to be 166.2 million. “Nigeria needs a census for population accuracy and effective planning,” Adonri said.  According to the UNFPA 2019 State of the World Population report, Nigeria’s population has increased to 201 million, having grown at average rate of 2.6 per cent from 2010 to 2019. Credit: Financial Nigeria

Whistle-blowers help EFCC recover N527bn, $53m, £122,88

The Economic and Financial Crimes Commission (EFCC), recovered over N527bn, $53m and £122,89. -The whistle-blowing policy,  initiated by the Federal Government in December 2016 i s geared towards fraud detection, tracking and reporting to appropriate agencies and to  enable patriotic citizens to report criminal acts such as mismanagement or misappropriation of public funds and assets, like properties and vehicles; financial malpractice or fraud; collecting/soliciting bribes; corruption; diversion of revenues; unapproved payments; splitting of contracts; procurement fraud; kickbacks and over-invoicing.” -It is good to know that whistle blowers have raked in much money into the nation's purse. However, some people are still would not talk even when they see clearly because of  fear of victimisation or attacks. -Thankfully, the Whistle-Blower Protection Act was passed by the National Assembly in 2017. This act is to protect whistle blowers from victimizations and attac...

Support 2019-2023 national broadband plan - FG urges stakeholders

The Minister of Communications, Dr Adebayo Shittu, has urged stakeholders in the Information Communication Technology (ICT) sector to support the Nigerian National Broadband Council with credible suggestions toward the development of the Nigerian National Broadband Plan (NNBP) 2019–2023. shittu There is really a  need for sustainable broadband capacity that could drive the socio-economic activities of the country and also  improve quality of services. -This can be achieved if the national broadband plan is supported by stakeholders. -Th e Nigerian National Broadband Council was established to provide periodic evaluation of progress, faci litate coordination and collaboration, as well as highlight areas of programme adjustment to permit the realisation of emerging opportunities. Read more:  FG urges stakeholders to support 2019-2023 national broadband plan

CBN intervenes in Retail SMIS with $279.13m, CNY 46.92m

The Central Bank of Nigeria (CBN) has again made interventions in the Retail Secondary Market Intervention Sales (SMIS) of the Foreign Exchange market totaling $279.13 million and CNY 46.92.   Figures of the sales consummated on Friday, February 8, 2019 revealed that the sum of $279,128,518.66 was injected to meet requests of customers in the agricultural, airlines, petroleum products and raw materials and machinery sectors.   The Bank’s Director, Corporate Communications Department, Isaac Okorafor also confirmed that the sum of CNY46,924,114.04 was for payment of Renminbi-denominated Letters of Credit for agriculture as well as raw materials.   Friday’s transaction was in addition to the $210 million injected into the Wholesale, Small and Medium Enterprises, and Invisibles segments of the market on Tuesday, February 5, 2019.   While expressing the satisfaction of the Bank’s management at the stability in the different segments of the foreign exchange market...

Apapa Customs Handles Export worth N73bn In 2018

The Apapa Area Command of Nigeria Customs Service (NCS) on Thursday said it handled 1.20 million metric tonnes of export worth N73billion in 2018. Speaking at a press briefing in Lagos yesterday, the Customs Area Controller (CAC) Bashir Abubakar also disclosed that the command generated a sum of N404billion as revenue from import in 2018. According to the CAC, the command who achieved high compliance level among exporters also blocked 2500 containers for non-compliance to export procedures. “The command in 2018 recorded 1.2million metric tonnes of exported goods with Free On Board (FOB) value of $240million which is equivalent to N73.1billion. He continued, “The year under review also achieved high level of compliance on export declaration while about 2500 containers were blocked and forced to comply with requisite guidelines.” However, on revenue collected on import, Compt. Abubakar, said the figure generated in 2018 represented 95% of the ...

5 most expensive January Transfer Window

January transfer window is not really the time clubs spend big on players because no club would sell a big player that will definitely attract big money in the middle of the season and also, no player would want to leave because of the fear of missing out of the UEFA championships, having played for the selling club.  Nevertheless, money is still spent in the middle of the season and here are the  five most expensive transfers  of the January 2019. LUCAS 5.  Lucas  Paqueta  –  €35 million.   The talented Brazilian youngster moved to San Siro, AC Milan as their first winter buy of 2019. And cost them a good 35 million. KRZYSTOF 4.   Krzysztof Piatek –  €35 million Another talent signed by Ac Milan is  Krzysztof Piatek, a striker from Genoa as a potential replacement for  Gonzalo Higuain after a strong interests from chelsea. He also cost them a good €35 million. LEANDRO 3.    Leandro P...

5 Tips to Avoid Distraction at Work

Distraction negatively impact the quality of time spent on each work done. As we all know, time is essential and when lost, is gone forever. As a venturer  who has put in a lot of risk in the hope of profit, you cannot afford to waste your time because you have to be productive. As an entrepreneur, you should learn how to move fast. Speed is the key to success startup. Do not doubt, it is possible to manage distraction and place attention to the right things at the right time. This is the first step to take: 1. Create a permanent space for PLANNING SHEET on your working table. At the start of each day, spend 5 minutes writing 1-5 tasks that must receive your attention today. Make sure at least 3 of the tasks is sorted out today. At the and of the day, review your goals and deadline. More tips in next post.

Getting Started

It is a good thing to conceive an idea but it is far better not to conceive at all than do nothing with the idea conceived. It is not enough to keep dreaming, you need to act.  The journey of thousand miles they say begins with a single step. Take the step now . Launch that idea. People are waiting to benefit from your ideas, do not make them wait longer. Launch it!!! No matter how small or big it is, just start and know that you can do it. Take a step of success today.