- 12:27:00
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The president of the us Barack Obama admitted that he's not allowed to possess iPhone owing to security fears. “I’m not allowed for security reasons to possess associate iPhone,” he unconcealed nowadays whereas promoting Obamacare in a very speech to a youth audience at the White House.The president explained why he's seen with a brilliant secure Blackberry whose international smartphone market share has hit the terribly bottom. The president’s daughters Sasha and Maila pay quality time on their iPhones whereas Obama is restricted to having simply a large BlackBerry device.
Even before Obama became president, he was keen about his BlackBerry and won a battle with the U.S Secrete Service to carry on to his smartphone, no matter fears that it had been liable to being hacked, so cathartic sensitive info just like the president’s whereabouts.
- 11:14:00
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President Goodluck eating apple Friday control associate degree emergency meeting with Service Chiefs over the latest Boko Haram’s attacks in Bama, Borno State and alternative security problems within the country.
Before decorating the forty eight new promoted Major Generals within the Army, Navy and Air Force yesterday, he attended the meeting with the Service Chiefs and therefore the military officer of Police, Muhammed Abubakar at the Command Officers’ Mess, Asokoro Abuja.
He noted that the state was browsing making an attempt times and demanded all hands to air deck so as to make sure the protection of lives and property within the country.
The President charged the new promoted officers to travel the additional mile to justify their new positions.
He said: “It could be a terribly difficult moment. I keep in mind once I came in, I had a gathering with the Service Chiefs and military officer of Police as a result of what happened in Bama . it's a really difficult amount during this country and that we expected, as we are saying that people who a lot of is given, a lot of is predicted.”
“For those of you United Nations agency are thus adorned as full two-star Generals, we have a tendency to expect that you just can bring your expertise connected. we have a tendency to should work along as a team to form certain that the defense force square measure ready to shield lives and property of Nigerians. If we have a tendency to cannot try this, the name of the country can still go down.
“A range of problems square measure being raised within the media, there's such a lot of challenge within the Armed a Forces and alternative security agencies within the country. All people jointly should get on my feet for our own responsibilities and go the additional mile to ascertain that as a nation, we have a tendency to overcome these challenges,” he noted
“It isn't simple to wear 2 stars. it's nearly the terminal position within the defense force. the other one is by the grace of God. To be thus adorned as a two-star General, you need to have more responsible storms, endured many winters. Your spouse should have conjointly been well baked to survive this era.” He said
- 19:41:00
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Borno barracks raid by gun men on weekday, spraying shot on the troops within before torching the compound, the military and residents told fetoprotein.
The military has reportedly deployed fighter jets and army in pursuit of the gunmen, plausible to be Boko Haram members, United Nations agency have killed thousands within the region throughout a four-year revolt.
“There was associate attack on the military barracks in (the town) of Bama this morning,” aforesaid Mohammed Dole, army spokesperson in Borno State.
He declined to treat details provided by many Bama residents United Nations agency aforesaid dozens, or maybe even a whole lot, of insurgents swarmed the barracks during a convoy of 4X4 trucks, armed with assault rifles, explosives and rocket-propelled-grenades.
“It started at around 3 within the morning with vast explosions and also the cracking of shot,” aforesaid Bama resident Abdullahi Idris. “Later we tend to saw plumes of smoke and hearth from the barracks.”
Bama has become a flashpoint within the insurgence and also the scene of many daring Muhammedan attacks. one in every of the Muhammedan rebels’ largest-ever strikes targeted the military in Bama in June.
According to Idris and different residents, military jets flew over the city when the attack.
The nearest air force base is in Borno’s capital metropolis, roughly seventy kilometres (44 miles) from Bama.
“A giant section of the barracks” had been destroyed by hearth, aforesaid another resident United Nations agency asked for namelessness however known himself as a member of the unpaid worker force that has been fashioned in Borno to fight the Islamists.
He told fetoprotein that fighter jets born bombs on the attackers, forcing them to break away.
Residents and Dole offered no estimates of casualties.
The military has reportedly deployed fighter jets and army in pursuit of the gunmen, plausible to be Boko Haram members, United Nations agency have killed thousands within the region throughout a four-year revolt.
“There was associate attack on the military barracks in (the town) of Bama this morning,” aforesaid Mohammed Dole, army spokesperson in Borno State.
He declined to treat details provided by many Bama residents United Nations agency aforesaid dozens, or maybe even a whole lot, of insurgents swarmed the barracks during a convoy of 4X4 trucks, armed with assault rifles, explosives and rocket-propelled-grenades.
“It started at around 3 within the morning with vast explosions and also the cracking of shot,” aforesaid Bama resident Abdullahi Idris. “Later we tend to saw plumes of smoke and hearth from the barracks.”
Bama has become a flashpoint within the insurgence and also the scene of many daring Muhammedan attacks. one in every of the Muhammedan rebels’ largest-ever strikes targeted the military in Bama in June.
According to Idris and different residents, military jets flew over the city when the attack.
The nearest air force base is in Borno’s capital metropolis, roughly seventy kilometres (44 miles) from Bama.
“A giant section of the barracks” had been destroyed by hearth, aforesaid another resident United Nations agency asked for namelessness however known himself as a member of the unpaid worker force that has been fashioned in Borno to fight the Islamists.
He told fetoprotein that fighter jets born bombs on the attackers, forcing them to break away.
Residents and Dole offered no estimates of casualties.
- 18:57:00
- 0 Comments
The centralized yesterday conferred 2014 Federal Government budget proposal of N4.6 trillion for the 2014 financial year to the National Assembly. The projected budget christened ‘Budget for Job Creation and Growth’ represents N100 billion reduction from the N4.7 trillion that was budgeted for this year.
Capital expenditure is projected at N1.1 trillion representing twenty seven.29 per cent, down from thirty one.9 per cent within the current year. The reduction in cost was attributed to hyperbolic allocation to pension and high wage bill. The N4.6 trillion expenditure is to be supported from budgeted revenue of N3.37 billion, whereas the balance can return from N571 billion debt.
BUDGET 2014: Minister of Finance and Co-ordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala giving birth the 2014 Budget Proposal before the Senate in capital of Nigeria, yesterday. Photo: NAN.
The budget is predicated on oil value of $77.5 per barrel and crude production of a pair of.38 million barrels per day(bpd) with a median rate of exchange of N160 per dollar.
The budget was conferred by the Minister of Finance and Co-ordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala United Nations agency painted President dessert apple. although she didn't clarify of the budget and therefore the quantity for the continual expenditure, highlights of the projected budget were but later free by the Ministry of Finance.
Speaking to Journalists once presenting the budget, Dr. Okonjo-Iweala aforementioned that the mixture expenditure of N4.6 trillion excludes the grant Reinvestment Expenditure Programme, SURE-P.
She said, “I felt terribly privileged, it’s associate honour that man. President has asked Maine to hold out this task in conjunction with my colleagues within the cupboard, and in fact, the Director General of the Budget workplace supported Maine to do this nice honour.
“This budget is that the take into account Job Creation and Inclusive Growth, which means that it’s a budget which is able to continue the President’s transformation agenda for many sectors of the economy. The budget goes to support the push in agriculture.
“It can kick-start the housing sector wherever we tend to will produce a lot of jobs, it's designed for our policies that might support producing as a result of jobs would be created there. Industries can conjointly be created in solid minerals sector. of these support can still be unleashed. Job creation is that the key to actually solving the issues of the Nigerian economy.
“Aggregate expenditure excluding positive – P funds is concerning N4.6 trillion and the revenue is concerning N3.73 trillion. The capital is concerning N1.1 trillion and makes up concerning twenty seven % of the budget, the balance in fact is that the continual, and it's concerning seventy two % of the budget.”
The Minister explained that the identifying feature between the 2013 budget which of the 2014 budget was the main target the govt had in continuation of the 2013 budget particularly on the world of job creation for the youths and secure that the govt wasn't about to soften in pushing forward.
She said, “All the programmes that make jobs area unit okay supported, the positive -P is additionally a part of it, community services programmes would be pushed, the You-Win programme would be pushed.”
The Minister more aforementioned that the govt would pursue smartly infrastructural development.
“The infrastructure development is an element of it, the Hon Minister of Transport is here, we've got been functioning on rail development. Ministry of Niger Delta is additionally a part of the infrastructure development, Water resources, FCT development so on.
“We have privatised power however we'll be functioning on the transmission to direct resources there. The identifying issue is that it’s a continuation of what we've got done before however with a lot of stress on very pushing out jobs and conjointly supporting safety nets which will more distribute financial gain to poor individuals within the country.”
HIGHLIGHTS:
Baseline Assumptions
Baseline Assumptions
*Benchmark Oil Price: $77.5pb
*Budgeted Oil Production: a pair of.3883mbpd
*Average Exchange Rate: N160/$, same as in 2013
*Real GDP Growth Rate: six.75%
Revenue Projections
*Gross Federally Collectible Revenue: N10.88 trillion
*Gross Federally Collectible Oil & Gas Revenue: N7.16 trillion
*Total deductions, together with price of crude production, grant payments, and domestic gas development is N2.15 trillion, same as in 2013.
*Subsidy payments were maintained at the 2013 level of N971.1 billion.
*Gross Federally Collectible Non-Oil Revenue: N3.29 trillion
*FGN Budget Revenue: N3.73 trillion
Expenditure Projections
*Aggregate Expenditure (Net of SURE-P): N4.642 trillion
*Aggregate Expenditure (Inclusive of SURE-P): N4.910 trillion
*Statutory Transfers: N399.7 billion
*INEC’s expenditure is to extend from the N32 billion provisioned in 2013 to N45 billion. this can be to change the Commission intensify preparations towards the 2014 elections.
*National Assembly’s allocation is to be maintained at the 2013 level of N150 billion.
*The provision for debt service is N712 billionfrom the 2013 level of N591.8 billion.
*Recurrent (non-debt) Spending: N2.43 trillionfrom N2.80 trillion in 2013
*Personnel price hyperbolic slightly from the 2013 change Budget provision of N1.718 trillion to N1.723 trillionfor 2014.
*Capital Expenditure: N1.100 trillion
lShare of Capital in total Expenditure: twenty seven.29%down from thirty one.9% in 2013 reflective the hyperbolic allocation to pension likewise as high wage bill
*Share of continual in total Spending: seventy two.71%
*Provision for SURE-P: N268.37 billion
Fiscal Balance
*Fiscal Deficit: N911.96 billion
*Fiscal Deficit as share of GDP: one.90
*New Borrowing Requirement: N571 billion, a decrease from N577 billion in 2013
Capital expenditure is projected at N1.1 trillion representing twenty seven.29 per cent, down from thirty one.9 per cent within the current year. The reduction in cost was attributed to hyperbolic allocation to pension and high wage bill. The N4.6 trillion expenditure is to be supported from budgeted revenue of N3.37 billion, whereas the balance can return from N571 billion debt.
BUDGET 2014: Minister of Finance and Co-ordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala giving birth the 2014 Budget Proposal before the Senate in capital of Nigeria, yesterday. Photo: NAN.
The budget is predicated on oil value of $77.5 per barrel and crude production of a pair of.38 million barrels per day(bpd) with a median rate of exchange of N160 per dollar.
The budget was conferred by the Minister of Finance and Co-ordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala United Nations agency painted President dessert apple. although she didn't clarify of the budget and therefore the quantity for the continual expenditure, highlights of the projected budget were but later free by the Ministry of Finance.
Speaking to Journalists once presenting the budget, Dr. Okonjo-Iweala aforementioned that the mixture expenditure of N4.6 trillion excludes the grant Reinvestment Expenditure Programme, SURE-P.
She said, “I felt terribly privileged, it’s associate honour that man. President has asked Maine to hold out this task in conjunction with my colleagues within the cupboard, and in fact, the Director General of the Budget workplace supported Maine to do this nice honour.
“This budget is that the take into account Job Creation and Inclusive Growth, which means that it’s a budget which is able to continue the President’s transformation agenda for many sectors of the economy. The budget goes to support the push in agriculture.
“It can kick-start the housing sector wherever we tend to will produce a lot of jobs, it's designed for our policies that might support producing as a result of jobs would be created there. Industries can conjointly be created in solid minerals sector. of these support can still be unleashed. Job creation is that the key to actually solving the issues of the Nigerian economy.
“Aggregate expenditure excluding positive – P funds is concerning N4.6 trillion and the revenue is concerning N3.73 trillion. The capital is concerning N1.1 trillion and makes up concerning twenty seven % of the budget, the balance in fact is that the continual, and it's concerning seventy two % of the budget.”
The Minister explained that the identifying feature between the 2013 budget which of the 2014 budget was the main target the govt had in continuation of the 2013 budget particularly on the world of job creation for the youths and secure that the govt wasn't about to soften in pushing forward.
She said, “All the programmes that make jobs area unit okay supported, the positive -P is additionally a part of it, community services programmes would be pushed, the You-Win programme would be pushed.”
The Minister more aforementioned that the govt would pursue smartly infrastructural development.
“The infrastructure development is an element of it, the Hon Minister of Transport is here, we've got been functioning on rail development. Ministry of Niger Delta is additionally a part of the infrastructure development, Water resources, FCT development so on.
“We have privatised power however we'll be functioning on the transmission to direct resources there. The identifying issue is that it’s a continuation of what we've got done before however with a lot of stress on very pushing out jobs and conjointly supporting safety nets which will more distribute financial gain to poor individuals within the country.”
HIGHLIGHTS:
Baseline Assumptions
Baseline Assumptions
*Benchmark Oil Price: $77.5pb
*Budgeted Oil Production: a pair of.3883mbpd
*Average Exchange Rate: N160/$, same as in 2013
*Real GDP Growth Rate: six.75%
Revenue Projections
*Gross Federally Collectible Revenue: N10.88 trillion
*Gross Federally Collectible Oil & Gas Revenue: N7.16 trillion
*Total deductions, together with price of crude production, grant payments, and domestic gas development is N2.15 trillion, same as in 2013.
*Subsidy payments were maintained at the 2013 level of N971.1 billion.
*Gross Federally Collectible Non-Oil Revenue: N3.29 trillion
*FGN Budget Revenue: N3.73 trillion
Expenditure Projections
*Aggregate Expenditure (Net of SURE-P): N4.642 trillion
*Aggregate Expenditure (Inclusive of SURE-P): N4.910 trillion
*Statutory Transfers: N399.7 billion
*INEC’s expenditure is to extend from the N32 billion provisioned in 2013 to N45 billion. this can be to change the Commission intensify preparations towards the 2014 elections.
*National Assembly’s allocation is to be maintained at the 2013 level of N150 billion.
*The provision for debt service is N712 billionfrom the 2013 level of N591.8 billion.
*Recurrent (non-debt) Spending: N2.43 trillionfrom N2.80 trillion in 2013
*Personnel price hyperbolic slightly from the 2013 change Budget provision of N1.718 trillion to N1.723 trillionfor 2014.
*Capital Expenditure: N1.100 trillion
lShare of Capital in total Expenditure: twenty seven.29%down from thirty one.9% in 2013 reflective the hyperbolic allocation to pension likewise as high wage bill
*Share of continual in total Spending: seventy two.71%
*Provision for SURE-P: N268.37 billion
Fiscal Balance
*Fiscal Deficit: N911.96 billion
*Fiscal Deficit as share of GDP: one.90
*New Borrowing Requirement: N571 billion, a decrease from N577 billion in 2013
- 18:53:00
- 0 Comments
Here is the biography of Tony OnyemaechiGF Elumelu (born March 22, 1963) the man who made$123 Million In 3 Weeks is a Nigerian economist, banker, investor and philanthropist. Elumelu is head person of Heirs Holdings, a pan-African proprietary buying into business with interests in strategic sectors of Africa’s economy. He is furthermore the founder of the Tony Elumelu base, an Africa-based and African-funded not-for-profit organisation (NPO) that is dedicated to the promotion and commemoration of excellence in enterprise leadership and entrepreneurship across Africa.[1] Elumelu holds the Nigerian nationwide respect, the Commander of the alignment of Nigeria (CON). New African magazine lately recorded him as one of the 100 most influential persons in Africa.
Elumelu was born in Jos, Nigeria, in 1963. He has two degrees in Economics from Nigerian schools. His Bachelor degree was from Ambrose Alli University and he has a expert of research degree, furthermore in Economics, from the University of Lagos. He is an alumnus of Harvard enterprise School’s sophisticated administration events. Tony Elumelu wed Awele V. Elumelu, a health medical practitioner, in 1993 and has five daughters. He has four siblings encompassing the Hon. Ndudi Elumelu, a constituent of the Nigerian government House of Representatives.
In his early vocation, Elumelu made a name for himself when he came by and turned benchmark believe Bank into a top-five contestant in Nigeria. In 2005, his business reputation as an African Business foremost was closed when he led the largest amalgamation in the banking part in Sub-Saharan Africa to come by joined Bank for Africa (UBA). In five years he transformed it from a single-country bank, to a pan-African institution with over 7 million customers in 19 African countries.
Following his retirement from UBA in 2010, Elumelu founded Heirs Holdings, which buys into in the financial services, power, genuine land parcel and hospitality, agribusiness, and healthcare parts; all of which help to conceive financial prosperity and social wealth over the countries. In the identical year, he established the Tony Elumelu base, an Africa-based and African-funded, philanthropic association dedicated to the promotion of excellence in enterprise authority and entrepreneurship, to enhance the competitiveness of the personal sector over Africa.
In 2011, Heirs Holdings acquired a controlling interest in the Transnational Corporation of Nigeria Plc (Transcorp), a publicly quoted conglomerate that has business interests in the agribusiness, energy, and hospitality parts. Elumelu was subsequently appointed Chairman of the company.
Elumelu serves as an Advisor to the USAID’s personal Capital Group for Africa (PCGA) Partners Forum. He is seated on the Nigerian President’s farming Transformation Implementation assembly (ATIC). He is furthermore Vice-Chairman and a key person driving in the formation of the nationwide Competitiveness Council of Nigeria (NCCN), and serves as Co-Chair of the Aspen Institute Dialogue sequence on international Food Security. He additionally seating the Ministerial managing group to set up world-class hospitals and diagnostic centers over Nigeria, at the request of the government Government.
Philanthropy
The Tony Elumelu base
Following his retirement from joined Bank for Africa in July 2010, Elumelu founded The Tony Elumelu base. His stated target was to “prove that the African personal part can itself be the primary generator of financial development.” The base is ascribed with the objective of going by car Africa’s financial development by enhancing the competitiveness of the African personal part. As a premier pan-African-focused not-for-profit institution,the Tony Elumelu base is dedicated to the promotion and commemoration of entrepreneurship and excellence in enterprise authority across the countries.
The base strives to deploy its resources to develop solutions to trials that inhibit the development of the African private part. Through its firm pledge to catalytic philanthropy, the Tony Elumelu Foundation hunts for to accomplish its objective by enhancing the capacity of African enterprises, carrying and driving principles that encourage competitiveness, establishing economic capital through influence investments, and educating public and private part actors through rigorous study.
acknowledgement
In 2003, the government Government of Nigeria granted Tony Elumelu the name of constituent of the alignment of the government Republic (MFR), a national honour. In 2006, Elumelu was voted African enterprise foremost of The Year by the Africa shareholder publication and was identified African Banker of the Year in 2008 by the African Banker magazine. In 2009, the Nigerian President Umaru Musa Yar'adua asked him to serve on the Presidential Committee on the Global economic Crisis.
In 2012 he was awarded the prestigious nationwide Honour of Commander of the alignment of the Niger (CON) for his service in encouraging personal enterprise. He was recognized as one of “Africa’s 20 Most mighty People in 2012” by Forbes publication. In supplement, the New African publication boasted him in their register of the “100 Most Influential Africans in Business.”He was bestowed an honorary doctorate of research degree from the Benue State University and an honorary doctorate of business management from the University of Nigeria, Nsukka
Writings and publications
Elumelu contributed an article to the publication How to Excel at Work - Proven schemes for accomplishing better work performance by Bili A. Odum. He furthermore assisted to the Nigeria authority Initiative White Papers, composing on Leveraging private sector approaches in transforming government delivery.
The Power of dream: Insights on Tony Elumelu is a testimonial amassed on the occasion of his retirement as assembly Managing Director/Chief boss agent at the joined Bank for Africa. It comprises notes from Aliko Dangote, previous Nigerian President Olusegun Obasanjo, lecturer Michael Porter, previous World Bank organising Director and Nigeria’s Minister of investment Ngozi Okonjo-Iweala, President of Sierra Leone; Ernest Bai Koroma, previous joined States Comptroller of the Currency Eugene Ludwig and Sanusi Lamido Sanusi, Governor of the centered Bank of Nigeria.
Elumelu was born in Jos, Nigeria, in 1963. He has two degrees in Economics from Nigerian schools. His Bachelor degree was from Ambrose Alli University and he has a expert of research degree, furthermore in Economics, from the University of Lagos. He is an alumnus of Harvard enterprise School’s sophisticated administration events. Tony Elumelu wed Awele V. Elumelu, a health medical practitioner, in 1993 and has five daughters. He has four siblings encompassing the Hon. Ndudi Elumelu, a constituent of the Nigerian government House of Representatives.
In his early vocation, Elumelu made a name for himself when he came by and turned benchmark believe Bank into a top-five contestant in Nigeria. In 2005, his business reputation as an African Business foremost was closed when he led the largest amalgamation in the banking part in Sub-Saharan Africa to come by joined Bank for Africa (UBA). In five years he transformed it from a single-country bank, to a pan-African institution with over 7 million customers in 19 African countries.
Following his retirement from UBA in 2010, Elumelu founded Heirs Holdings, which buys into in the financial services, power, genuine land parcel and hospitality, agribusiness, and healthcare parts; all of which help to conceive financial prosperity and social wealth over the countries. In the identical year, he established the Tony Elumelu base, an Africa-based and African-funded, philanthropic association dedicated to the promotion of excellence in enterprise authority and entrepreneurship, to enhance the competitiveness of the personal sector over Africa.
In 2011, Heirs Holdings acquired a controlling interest in the Transnational Corporation of Nigeria Plc (Transcorp), a publicly quoted conglomerate that has business interests in the agribusiness, energy, and hospitality parts. Elumelu was subsequently appointed Chairman of the company.
Elumelu serves as an Advisor to the USAID’s personal Capital Group for Africa (PCGA) Partners Forum. He is seated on the Nigerian President’s farming Transformation Implementation assembly (ATIC). He is furthermore Vice-Chairman and a key person driving in the formation of the nationwide Competitiveness Council of Nigeria (NCCN), and serves as Co-Chair of the Aspen Institute Dialogue sequence on international Food Security. He additionally seating the Ministerial managing group to set up world-class hospitals and diagnostic centers over Nigeria, at the request of the government Government.
Philanthropy
The Tony Elumelu base
Following his retirement from joined Bank for Africa in July 2010, Elumelu founded The Tony Elumelu base. His stated target was to “prove that the African personal part can itself be the primary generator of financial development.” The base is ascribed with the objective of going by car Africa’s financial development by enhancing the competitiveness of the African personal part. As a premier pan-African-focused not-for-profit institution,the Tony Elumelu base is dedicated to the promotion and commemoration of entrepreneurship and excellence in enterprise authority across the countries.
The base strives to deploy its resources to develop solutions to trials that inhibit the development of the African private part. Through its firm pledge to catalytic philanthropy, the Tony Elumelu Foundation hunts for to accomplish its objective by enhancing the capacity of African enterprises, carrying and driving principles that encourage competitiveness, establishing economic capital through influence investments, and educating public and private part actors through rigorous study.
acknowledgement
In 2003, the government Government of Nigeria granted Tony Elumelu the name of constituent of the alignment of the government Republic (MFR), a national honour. In 2006, Elumelu was voted African enterprise foremost of The Year by the Africa shareholder publication and was identified African Banker of the Year in 2008 by the African Banker magazine. In 2009, the Nigerian President Umaru Musa Yar'adua asked him to serve on the Presidential Committee on the Global economic Crisis.
In 2012 he was awarded the prestigious nationwide Honour of Commander of the alignment of the Niger (CON) for his service in encouraging personal enterprise. He was recognized as one of “Africa’s 20 Most mighty People in 2012” by Forbes publication. In supplement, the New African publication boasted him in their register of the “100 Most Influential Africans in Business.”He was bestowed an honorary doctorate of research degree from the Benue State University and an honorary doctorate of business management from the University of Nigeria, Nsukka
Writings and publications
Elumelu contributed an article to the publication How to Excel at Work - Proven schemes for accomplishing better work performance by Bili A. Odum. He furthermore assisted to the Nigeria authority Initiative White Papers, composing on Leveraging private sector approaches in transforming government delivery.
The Power of dream: Insights on Tony Elumelu is a testimonial amassed on the occasion of his retirement as assembly Managing Director/Chief boss agent at the joined Bank for Africa. It comprises notes from Aliko Dangote, previous Nigerian President Olusegun Obasanjo, lecturer Michael Porter, previous World Bank organising Director and Nigeria’s Minister of investment Ngozi Okonjo-Iweala, President of Sierra Leone; Ernest Bai Koroma, previous joined States Comptroller of the Currency Eugene Ludwig and Sanusi Lamido Sanusi, Governor of the centered Bank of Nigeria.
- 15:15:00
- 0 Comments
It’s just paper gains, but it counts. Nigerian banker Tony O. Elumelu has become at least $123 million richer between November 1 and November 21 as shares of Transcorp PLC, a Nigerian-Stock Exchange-listed conglomerate, surged 186% in that period.
Transnational Corporation Of Nigeria, usually referred to as Transcorp, is an emerging conglomerate holding investments in hotels, power and agriculture. On November 1, the company’s stock was trading at N1.87 ($0.01), and at the close of trading today (Thursday), the stock was trading at N5.35 ($0.03). According to an analyst who did not want to be quoted, there has been an unprecedented demand for Transcorp’s shares at the bourse on account of the company’s recent acquisition of the Ughelli Power plant, a strategic power generation company that the government recently sold in a privatization exercise. Transcorp PLC, under Elumelu’s leadership, acquired the plant for $300 million. Transcorp officially took over the plant on November 1. Investors are scrambling for the stock in anticipation of the long-term impact the new acquisition will likely have on Transcorp’s financial results.
Meet Tony Elumelu, Africa's Frontline Business Leader Mfonobong Nsehe Mfonobong Nsehe Contributor
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Elumelu began gobbling up shares in the company in April 2011 through his wholly-owned proprietary investment vehicle, Heirs Holdings. In September 2011, he was appointed chairman of the company, promising to diversify the company’s business interests and deliver value to shareholders – promises he seems to have delivered on. He currently owns over 5.7 billion shares of the company (5,745,890,693 to be exact, according to Transcorp’s latest corporate filings), held in his own name and via Heirs Holdings, equating to a 22.26% stake, making him the company’s largest individual shareholder. His shares in Transcorp alone are now valued at N30.7 billion or $188 million. A representative for Elumelu could not be reached for comment at press time.
Elumelu made his fortune by acquiring a small, struggling Nigerian commercial bank and building it into the United Bank of Africa Group, a leading financial services institution with operations in several African countries as well as in New York and London. He stepped down as the bank’s CEO in 2010 to focus on investing in African businesses through his private investment vehicle, Heirs Holdings and to groom Africa’s next generation of business leaders through his Tony Elumelu Foundation.
- 14:34:00
- 0 Comments
1. Activate the Android Power Strip
The single most important feature in Android 2.1 is its built-in power strip widget. Here, you're able to quickly disconnect all the phone's battery-destroying features, like Wi-Fi, Bluetooth and the Great Batter Killer that is GPS. Long-press on the screen and install it via the widgets category.
Android power strip
2. Android call screening
If you're a paranoid call-screener, Android is there for you. Open up the Contacts listing of the person you're currently avoiding, then select Menu > Options. From here you're able to ping all incoming calls from this person directly to voicemail. Give people the brush off with Android.
3. Set up custom caller ringtones
Alternatively, if you like talking to people, the same screen lets you allocate a specific custom ringtone to each caller stored in your Contacts directory.
30 best free Android apps
4. Add your alarm clock to your task killer
A classic mistake, this. We're constantly being told of the (debatable) importance of using a task manager to maximise Android battery life, and if you want to go down that route you're welcome. However, when killing all your tasks to save battery life, remember that your alarm clock is a task in itself - kill that and you'll wake up in a panic at 10.15am tomorrow morning.
5. Organise things into folders
While Steve Jobs may have recently made quite a big deal about letting iOS users organise things into folders, Android's been doing that for ages. Fancy a quick Home screen shortcut to your starred favourite contacts? Long-press the Home screen and make it so.
6. Rename Android folders
And, once you've done that, to customise things to perfection it's possible to rename folders. Simply open the folder, then long-press on its name in the top bar to bring up the Top Secret renaming field.
Rename folders
7. Check the date
Possibly one of the tiniest undocumented features is the date-checking facility. Press the Notification bar at the top left of the screen. It tells you what the date is. Go on, try it. It will.
8. Mount your SD card
Also accessed via the Notifications field is the "Mount" option. Many an Android newcomer has failed at this hurdle, as mounting your phone's SD card is an awkward step that needs to be taken before it'll appear as an external drive for data copying. Plug it in, mount it, then copy.
9. Set up your keyboard launch shortcuts
One of the reasons many people still love their QWERTY keyboards is Google's inclusion of the reliable old keyboard shortcut system in Android. The phone has a completely customisable collection of app launcher shortcuts, which are found under Settings > Applications > Quick Launch.
Quick launch
10. Download more Android live wallpapers
One thing that makes Android 2.1 a little more swish and exciting than the rather dull earlier versions is its support for Live Wallpapers - the animating image format that brings your Home screen to life. There's a negligible battery life hit for doing so, but in return you get a phone that looks cool. Which is what life's all about, right? Search the Android Market for Live Wallpaper - there are loads.
The single most important feature in Android 2.1 is its built-in power strip widget. Here, you're able to quickly disconnect all the phone's battery-destroying features, like Wi-Fi, Bluetooth and the Great Batter Killer that is GPS. Long-press on the screen and install it via the widgets category.
Android power strip
2. Android call screening
If you're a paranoid call-screener, Android is there for you. Open up the Contacts listing of the person you're currently avoiding, then select Menu > Options. From here you're able to ping all incoming calls from this person directly to voicemail. Give people the brush off with Android.
3. Set up custom caller ringtones
Alternatively, if you like talking to people, the same screen lets you allocate a specific custom ringtone to each caller stored in your Contacts directory.
30 best free Android apps
4. Add your alarm clock to your task killer
A classic mistake, this. We're constantly being told of the (debatable) importance of using a task manager to maximise Android battery life, and if you want to go down that route you're welcome. However, when killing all your tasks to save battery life, remember that your alarm clock is a task in itself - kill that and you'll wake up in a panic at 10.15am tomorrow morning.
5. Organise things into folders
While Steve Jobs may have recently made quite a big deal about letting iOS users organise things into folders, Android's been doing that for ages. Fancy a quick Home screen shortcut to your starred favourite contacts? Long-press the Home screen and make it so.
6. Rename Android folders
And, once you've done that, to customise things to perfection it's possible to rename folders. Simply open the folder, then long-press on its name in the top bar to bring up the Top Secret renaming field.
Rename folders
7. Check the date
Possibly one of the tiniest undocumented features is the date-checking facility. Press the Notification bar at the top left of the screen. It tells you what the date is. Go on, try it. It will.
8. Mount your SD card
Also accessed via the Notifications field is the "Mount" option. Many an Android newcomer has failed at this hurdle, as mounting your phone's SD card is an awkward step that needs to be taken before it'll appear as an external drive for data copying. Plug it in, mount it, then copy.
9. Set up your keyboard launch shortcuts
One of the reasons many people still love their QWERTY keyboards is Google's inclusion of the reliable old keyboard shortcut system in Android. The phone has a completely customisable collection of app launcher shortcuts, which are found under Settings > Applications > Quick Launch.
Quick launch
10. Download more Android live wallpapers
One thing that makes Android 2.1 a little more swish and exciting than the rather dull earlier versions is its support for Live Wallpapers - the animating image format that brings your Home screen to life. There's a negligible battery life hit for doing so, but in return you get a phone that looks cool. Which is what life's all about, right? Search the Android Market for Live Wallpaper - there are loads.
- 13:07:00
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A Nigerian IT company, Techvibes International limited has urged Nigerian businesses that depend upon IT competencies to shore investments, to confirm that IT solutions at their disposals ar of remarkable worth, else their businesses might not attain world category standards.
The company’s CEO, Mr. archangel Oglegbaargued that as up to date establishments and organizations ar perpetually challenged to adapt to the innovations of technology in their operations, the requirement for fashionable IT solutions becomes as important because the IT firms that give the solutions.
He aforementioned that his Techvibes International restricted is delivers exceptional worth and convenience with tried competences in computer code development, particularly in Biometric Technology, Human Resources and Payroll, Finance and Taxation, Electronic Payment and Revenue assortment.
The company, in step with him, employs up-to-date fashionable technology and deploys customised solutions to facilitate safe and reliable electronic collection, processing and identity management for establishments in each public and personal sectors.
Listing the company’s core competencies, Oglegba aforementioned that such areas as Biometric technology and identity management solutions, computer code development, Payment and assortment computer code readying, Internally generated revenue solutions,E-government solutions among others ar handled with deft experience by Techvibes.
He noted that at this stage wherever the globe has been reduced to a mere world village, firms don't have to be compelled to create mistakes or compromise of IT values that may set their businesses on the world map.
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The company’s CEO, Mr. archangel Oglegbaargued that as up to date establishments and organizations ar perpetually challenged to adapt to the innovations of technology in their operations, the requirement for fashionable IT solutions becomes as important because the IT firms that give the solutions.
He aforementioned that his Techvibes International restricted is delivers exceptional worth and convenience with tried competences in computer code development, particularly in Biometric Technology, Human Resources and Payroll, Finance and Taxation, Electronic Payment and Revenue assortment.
The company, in step with him, employs up-to-date fashionable technology and deploys customised solutions to facilitate safe and reliable electronic collection, processing and identity management for establishments in each public and personal sectors.
Listing the company’s core competencies, Oglegba aforementioned that such areas as Biometric technology and identity management solutions, computer code development, Payment and assortment computer code readying, Internally generated revenue solutions,E-government solutions among others ar handled with deft experience by Techvibes.
He noted that at this stage wherever the globe has been reduced to a mere world village, firms don't have to be compelled to create mistakes or compromise of IT values that may set their businesses on the world map.
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- 12:48:00
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Victor Jacob who is 22 year-old has been sentenced to 12 months imprisonment for stealing seven bags of palm kernel fruits worth N7, 500.
Jacob pleaded guilty to the crime committed on November 16th at Obaretin village in Ikpoba-Okha Local Government Area of Edo State.
Jacob was sentenced by an Ikpoba-Okha Area Customary court presided over by Princess Esther Eweka.
Princess Eweka in delivering judgment said the plea of guilt entered by Jacob was enough to put him behind bars and however gave an option of N10, 000 fine.
- 16:34:00
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- 15:44:00
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A former Director-General, National Sports Commission (NSC), Amos Adamu, said that the Super Eagles must be wary of their 2014 World Cup opponents.
“How I wish they win the World Cup. One fundamental thing we mustn’t underestimate is that all the teams that qualified for the World Cup are potential winners.
“So we don’t have to start looking down on a country and feel that they are not threats to us. Every team emerges from a competition.
“So no team in Brazil is a cheap party. But I think we are at our best now and with a little bit of good luck, we’ll thrive,” Adamu said.
He also said that there was need for the team’s technical crew to give other players a chance, adding that it would help strengthen the team.
"I think it would be important to recall some players who appear to be doing well in their clubs at the moment,” he said.
- 15:28:00
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The Federal Ministry of Health is recruiting to fill the position of a Campaign Coordinator
Location: Abuja
DescriptionSupport the IVM branch in the organization of the technical resource pool into function units
Provide support and general technical advice to the State Support Team (SST) structure
In collaboration with the IVM branch, supervise funding flows and timely release of funds to campaign implementers (preparing budgets and requests, following up to see if things are moving according to plane.),
Ensure monthly campaign reports, planning/working documents (revised tools, guidelines) and other documents ore disseminated to malaria partners and relevant stakeholders
Support the IVM branch to review progress in the implementation of the WN campaigns
Support in periodic review of existing LLIN Mopping and implementation plans
In collaboration with IVM branch, provide periodic updates to the IVM Steering Committee & National Coordinator of the NMCP
Qualifications
Strong analytical and problem solving skills.
Location: Abuja
DescriptionSupport the IVM branch in the organization of the technical resource pool into function units
Provide support and general technical advice to the State Support Team (SST) structure
In collaboration with the IVM branch, supervise funding flows and timely release of funds to campaign implementers (preparing budgets and requests, following up to see if things are moving according to plane.),
Ensure monthly campaign reports, planning/working documents (revised tools, guidelines) and other documents ore disseminated to malaria partners and relevant stakeholders
Support the IVM branch to review progress in the implementation of the WN campaigns
Support in periodic review of existing LLIN Mopping and implementation plans
In collaboration with IVM branch, provide periodic updates to the IVM Steering Committee & National Coordinator of the NMCP
Qualifications
Strong analytical and problem solving skills.
An advanced degree in Public Health, Social Sciences or related field.
Excellent technical writing and oral presentation skills highly desired.
Specific experience in malaria programmes strongly desired.
Proven experience in managing public health programmes or projects in Nigeria or similar developing country context.
Demonstrated ability to monitor, supervise, and train in health service programmes.
Extensive knowledge of the Nigerian public health sector.
Knowledge of Microsoft Office, including Word, Excel, and PowerPoint.
Excellent technical writing and oral presentation skills highly desired.
Specific experience in malaria programmes strongly desired.
Proven experience in managing public health programmes or projects in Nigeria or similar developing country context.
Demonstrated ability to monitor, supervise, and train in health service programmes.
Extensive knowledge of the Nigerian public health sector.
Knowledge of Microsoft Office, including Word, Excel, and PowerPoint.
At least 10 years of professional experience in health programmes, preferably in areas related to training, data management and M&E.
Period of Consultancy:
The period for this consultancy work is Twelve months, from January to December 2014.
Mode of Application
Interested and qualified candidates should submit the following to the address indicated below:
A detailed CV that shows evidence of relevant qualifications.
Letter of motivation.
The above should be submitted in an envelope with the position being applied for clearly written on the right upper part of the envelope and submitted by courier to the office of:
The National Coordinator,
National Malaria Elimination Programme,
1st Floor, Abia House,
Central Business District,
Abuja, FCT.
OR
To: nmcpnigeriarecruits@gmail.com with the position applied for as the subject of the e-mail.
The period for this consultancy work is Twelve months, from January to December 2014.
Mode of Application
Interested and qualified candidates should submit the following to the address indicated below:
A detailed CV that shows evidence of relevant qualifications.
Letter of motivation.
The above should be submitted in an envelope with the position being applied for clearly written on the right upper part of the envelope and submitted by courier to the office of:
The National Coordinator,
National Malaria Elimination Programme,
1st Floor, Abia House,
Central Business District,
Abuja, FCT.
OR
To: nmcpnigeriarecruits@gmail.com with the position applied for as the subject of the e-mail.
Note: Successful individuals will be expected to commence work immediately from 20th January 2014.
Application Deadline: 21st December, 2013
Application Deadline: 21st December, 2013
- 14:47:00
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The popular Mile 1 market in Port Harcourt, Rivers, early morning fire that destroyed properties and goods worth millions of naira.
Eyewitnesses told the News Agency of Nigeria (NAN) that the fire started at about 2.00 am on Tuesday and razed the entire make-shift market.
The fire also affected a two storey residential building housing some lock-up stores.
Eze said that the painful aspect was that he just received stock worth N600, 000 for the Christmas sales.
”I just lost everything to the fire,” he said.
Another trader, Mr. Chinecherem Ndubuisi, said he lost electronics worth more than N3 million, adding that starting afresh would be very difficult for him since he did not have enough capital.
Eyewitnesses told the News Agency of Nigeria (NAN) that the fire started at about 2.00 am on Tuesday and razed the entire make-shift market.
The fire also affected a two storey residential building housing some lock-up stores.
Eze said that the painful aspect was that he just received stock worth N600, 000 for the Christmas sales.
”I just lost everything to the fire,” he said.
Another trader, Mr. Chinecherem Ndubuisi, said he lost electronics worth more than N3 million, adding that starting afresh would be very difficult for him since he did not have enough capital.
Others traders told NAN that they did not only lose their goods to the sad incidence , they also lost cash worth several thousands of naira which they left in the market.
Mr. Christopher Uwajeh, , who is an eye witnessed said the Police and men of the State Security Service were at the scene to curtail breakdown of law and order.
Mr. Christopher Uwajeh, , who is an eye witnessed said the Police and men of the State Security Service were at the scene to curtail breakdown of law and order.
- 14:14:00
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Manhandled journalists who converged to get details about the union National Executive Committee meeting at the university, which held at Federal University of Technology Minna branch
But the journalists were later allowed in after the intervention of Mrs. Lydia Legbo, the university’s chief information officer,
Problems started when a member of the local organising committee in the institution came out, warning that the safety of the journalists were not secured.
The refusal of journalists to leave the premises and confirm social and international media reports that the union has called off the strike did not go down well with the branch chairman who resorted to name calling and hurling insults on them.
He claimed that the presence of journalists “was not needed.”
At the time of filing this report, a source within the meeting said they were yet to take a decision on whether to suspend the strike or not.
- 19:48:00
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Actor, model, TV presenter, and singer and BBA winner Uti Nwachukwu just released a a lovely Christmas song titled Oh holy night.
The single was released in time to also encourage people in Lagos to come out and show love to the less privileged (widows, orphans, handicapped etc) at the second edition of Uti Leads The Stars event billed for the 20th of December.
- 19:34:00
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Rev. Michael Oguguo, 52, who sold the baby of his daughter, Chiamaka Oguguo, for the sum of N200,000 with the connivance of a clinic in Umuechem, Etche, Rivers State where the baby was born.
Rev. Oguguo, a native of Ejemekwuru in Oguta is the minister of 11th Deliverance Ministry, Nkwesi, Oguta, Imo State while the clinic is operated by Cyprian Phat, a homeopathic medicine practitioner.
AsSunday Sunlearnt from the Imo State Commissioner of Police, Mr Mohammed Katsina, the sordid story started when Chiamaka was impregnated by her boyfriend, whose name was given as Chinedu Ukachukwu.
Recalling the painful experience, 18-year-old Chiamaka toldSunday Sun: “I was impregnated by my boyfriend Chinedu Ukachukwu who lied to me that he was not married. Later I learnt that he is married with four children. When my father, Rev Oguguo heard that I was pregnant, instead of accepting me with my condition, he threw me out of the house and I slept in an uncompleted building for days. My father encouraged me to abort the pregnancy, but I didn’t listen to him.”
The twist in the tale occurred when Chiamaka’s father who had initially abandoned her suddenly re-surfaced after hearing of her safe delivery of the baby.
Continuing the tale, Chiamaka said: “When I saw him, I thought he came to rejoice with me. I did not know he came with a devilish intent. Like magic, my baby girl disappeared from my bed. I thought she was taken for treatment. I didn’t know that my father had connived with the doctor and sold my baby to one Chinwe Okuzu, 25, a Business Studies student of Abia State Polytechnic for the sum of N200,000.”
Recounting his role in the baby sale caper, Phat who hails from Mgbele in Oguta LGA, Imo State, toldSunday Sun: “I claimed to be a homeopathic practitioner. I was deported from Austria in 1988 after I was unable to undergo training as a mechanic. I returned home in 1993 and started practicing homeopathic medicine. Chiamaka Oguguo came to my clinic to deliver a baby girl. Later her father, Rev Oguguo came to my clinic and said we should sell the baby girl. We arranged with a lady, Chinwe Okuzu who bought the baby at N200,000 at the clinic at Umuechem Etche, Rivers State. Later the police came to arrest me and I have confessed to them.”
The next link in the chain of infamy, Okuzu, a native of Umuchi in Ihitte Uboma LGA Imo State, confirmed buying the baby but added that she did so on behalf of one Mrs Rose Nwadinaobi, who runs a baby factory, from whom she collected a share of the proceeds from the sale.
Her words: “I am an agent to Mrs Rose Nwadinaobi who took the child from me and I have not been able to locate her since I was arrested me.”My cry is that I need my baby girl. They should return my baby girl to me. I have disowned my father who claims to be a reverend in the church. He is not a man of God. He is just deceiving the congregation. If he can do this to me his own daughter what would he do to others? He does not have the fear of God. I am ready to carry my cross and care for my baby. Today’s men of God are so deceitful.”
Meanwhile, there is a glimmer of hope that the baby girl may be found as the Imo State Police Commissioner disclosed that Rose Nwadinobi, who bought the newborn is already in the police custody. He further said that the suspects would soon appear in court.
NOTE: The post Pastor sells daughter’s baby for N200,000 appeared first on The Sun News.
- 19:05:00
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Nigeria Security and Civil Defence Corps (NSCDC) have arrested
Two of the six cult boys who raped a 16 year old secondary school student in Akure, Ondo State last week.
The men, said to members of a cult group known as Blue Angel, saw the girl as she was returning from school, they stopped her, took her to their hideout and raped her. All six of them. They recorded the act with a mobile phone and threatened to post the video online if she told anyone what happened.
Fortunately she did and two of the rapists, Wale Fadahunsi, 28, and Banji Olaseinde, 25, have been arrested, while four others are on the run. Those on the run include Tope Oluwole; Tope Jigan and Muyideen. The two that were arrested were paraded a few days ago where they confessed to raping the helpless girl whose identity is being concealed because of her age.
Two of the six cult boys who raped a 16 year old secondary school student in Akure, Ondo State last week.
The men, said to members of a cult group known as Blue Angel, saw the girl as she was returning from school, they stopped her, took her to their hideout and raped her. All six of them. They recorded the act with a mobile phone and threatened to post the video online if she told anyone what happened.
Fortunately she did and two of the rapists, Wale Fadahunsi, 28, and Banji Olaseinde, 25, have been arrested, while four others are on the run. Those on the run include Tope Oluwole; Tope Jigan and Muyideen. The two that were arrested were paraded a few days ago where they confessed to raping the helpless girl whose identity is being concealed because of her age.
- 13:36:00
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- 19:26:00
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More than two person has been killed and several injured by an explosion on a bus in the Kenyan capital, Nairobi.
The blast which hit the 32-seater bus as it was heading to the Eastleigh suburb, which is home thousands of Kenyan Somalis and Somali immigrants.
Some reports say a grenade was thrown onto the bus.
The blast which hit the 32-seater bus as it was heading to the Eastleigh suburb, which is home thousands of Kenyan Somalis and Somali immigrants.
Some reports say a grenade was thrown onto the bus.
- 17:38:00
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