Would like to meet new friends in Yenagoa.

MotorGuru:


is your check engine light on? is your speedometer functional?

My speedometer is functional. Also my check engine light is not on.

MotorGuru:


I would appreciate a specific experience with your Car.

Ok guru,

I drive a Corolla S 2004. When the automatic gear system is transitioning from gear 1 to 2 it performs normal. However, from gear 2 to 3, it sometimes doesn't respond as the car behaves as if it's placed on neutral. Hence I just shift the gear from D to 2 to salvage the situation. Please note it's not every time this occurs. Sometimes the gear functions properly. Awaiting your response. Thanks.

MotorGuru:


Your gearbox harness connector pin socket is bad. the seal(o-ring) has been compromised allowing oil to soak it.
Replace o-ring , clean and check. if same symptoms replace connector.

Dear Car Guru

I have similar challenge. However, my car is a Toyota Corolla 2004 and the issue is only when the car is switching from gear 2 to gear 3. Pls what's your advice.

ok

Please send also to ade9ynoni@gmail.com

magpemy:
mine is magpemy@yahoo.com

Nigeria's 110,000 barrel per day refinery in the northern city of Kaduna is expected to restart by mid-April, the head of the upstream division at the state oil company said on Saturday.

The Nigerian National Petroleum Corporation (NNPC) halted crude flows to its refineries around mid-January after the key pipelines feeding the plants were attacked.

The refineries - in Kaduna, Port Harcourt and Warri - were then shut down a few days later.

"By the end of next week we will be ready to start receiving the crude oil," said Bello Rabiu, group executive director of upstream, during a tour of the Kaduna refinery.

"If crude comes and we actually get everything ready, we believe by the middle of this month everything will be running in the refinery," he said.

He did not mention operations at the Port Harcourt and Warri refineries. NNPC has said crude flows have started at the other refineries but there has been no word of them reopening.

Despite being Africa's largest crude exporter, Nigeria imports almost all of its gasoline.

On Tuesday, Minister of state for Petroleum Emmanuel Ibe Kachikwu said Nigeria was in talks with oil majors Chevron, France's Total and Italy's ENI to get help revamping the ailing refineries.

Source: http://www.ebtsconsults.com/2016/04/nigerias-kaduna-refinery-expected-to.html

Godfullsam:
That was 2015

We are in 2016 already.

Guess it takes a little more time to conduct such quarterly data. Moreso, We are still in quarter 1 of 2016.

Nigeria earned N1.94 trillion (US$9,75 billion) from the export of crude oil and other petroleum products in the fourth quarter of 2015, according to data released by the National Bureau of Statistics (NBS).

The NBS, in its Foreign Trade Statistics for the fourth quarter of 2015, disclosed that Nigeria’s total exports in the period under review were dominated by petroleum products export.

On the other hand, Nigeria spent N 288.63 billion on the importation of Premium Motor Spirit (PMS) also known as petrol in the period under review.

Source: http://www.ebtsconsults.com/2016/03/nigeria-earned-n194trn-from-crude.html

woah!!!! the guy's work is outrageously outstanding.

All i see is cute zahra

The Force Behind Forte Oil's Impressive 2015 Results http:///T9Jwdf

Too many negative news centered around Ebonyi State. May God help them all.

The Federal Government should not effect the proposed increase in the price of Premium Motor Spirit, popularly known as petrol, without reaching an agreement with the organised labour, the Trade Union Congress of Nigeria has warned.

However, the Lagos Chamber of Commerce and Industry described the proposed withdrawal of subsidy on petrol as a welcome development.

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, had on Monday said the country would need to revert to the old pump price of N97 per litre of petrol next year.

Kachikwu explained that the Federal Government was considering a reversal to N97 per litre in order to ensure that it would no longer fund the subsidy scheme, adding that the issue of total subsidy removal would come after the nation had been able to convince itself that the reversal to N97 would still be costing the government extra funds.

The Chairman, Trade Union Congress of Nigeria, Rivers State, Mr. Chika Onuegbu, said in a telephone interview with our correspondent on Tuesday that the government should engage the organised labour before removing subsidy on the product and reverting to the old pump price.

He said, “Whatever the government wants to do, I expect that it should engage the organised labour represented by the Nigeria Labour Congress and not to take a unilateral action. There should be an agreement between both parties.

“Every country in the world has one form of subsidy or the other. So, the issue is not about subsidy, but how it is managed and the costs and benefits of the subsidy regime to the country. In the case of Nigeria, it is estimated that fuel subsidy costs between 20 per cent and 30 per cent of the budget. This figure is actually huge, especially considering the infrastructural deficit in the country.”

Onuegbu, however, said a good percentage of the figure was perceived as cost of corruption in the subsidy management process, adding that this was partly the reason why it was difficult to convince the unions and the ordinary people that the solution to the conundrum was the removal of subsidy.

“Labour leaders and their civil society partners believe that the government should remove the corruption in the fuel subsidy scheme and not the subsidy itself. To us, the issue of subsidy removal is more about transferring the burden of the payment for the corruption in the subsidy scheme from the government to the ordinary people,” he said.

The Director-General, LCCI, Mr. Muda Yusuf, who stressed the need for the government to remove fuel subsidy, said, “Our position is that the government should allow the private sector to drive that sector. The subsidy regime has been a major hindrance to investment in the downstream sector.

“Look at fuel queues and look at how the black market is overrunning the whole place. Outside Lagos, in the hinterland, look at how much people are paying, apart from the agony and suffering. Oil price is already below $40 per barrel; so, it is even likely that petrol could sell far less than that N97 by the time the government frees the market and we have competition.”

The LCCI DG stated that the subsidy regime had created more problems for Nigerians and investors in the downstream petroleum sector.

“For us, it is a welcome development that the government should totally exit from that area and just play a regulatory role to make sure that the quality of products are okay, to make sure that there is a level playing field, and to make sure that there is a truly competitive environment. That way, we will have sanity back in the sector,” Yusuf said.

Source: http://www.ebtsconsults.com/2015/12/tuc-lcci-differ-on-proposed-petrol.html

The Nigerian All Share Index declined by -1.08% to close at 27,533.03bpts and mark a negative end. Market breadth (0.64x) was balanced, as 18 Gainers Vs 28 Losers, YTD stands at -20.56%. Unilever (+8.33%) led the advancers, while Zenith (-6.15%) led the decliners.

ASI INDEX: 27,533.03

NO OF DEALS: 2,785.00

VOLUME TRADED: 485,040,300.00

MARKET CAP: 9,466,472,332,467.44

For more please visit http://www.ebtsconsults.com/2015/12/nigerian-stock-exchange-tuesdays-result.html

The Nigerian All Share Index advanced by 0.73% to close at 27,833.89bpts and mark a positive end. Market breadth (0.53x) was balanced, as 16 Gainers Vs 30 Losers, YTD stands at -19.69%. Lawunion (+7.27%) led the advancers, while Tigerbrands(-9.45%) led the decliners.

ASI INDEX: 27,833.89

NO OF DEALS: 2,434.00

VOLUME TRADED: 127,819,469.00

MARKET CAP: 9,569,913,988,881.80

For more details, visit http://www.ebtsconsults.com/2015/12/nigerian-stock-exchange-mondays-result.html

Amazing!!!!

too bad.

Dangote and three (3) other Nigerians have resigned from the board of Dangote Flours. Meanwhile, Tiger brand, (the majority shareholder) from South Africa has decided to stop funding the company.

The stock is on a free fall.

Greenwich is advising that investors stay clear of the stock until any positive change happens and if you happen to have this stock in your portfolio you may have a decision to take.

Contact your financial adviser for guidance.

Source: http://www.ebtsconsults.com/2015/11/tiger-brands-dangote-flour-stock-on.html

Shareholders are advised that Tiger Brands Limited has informed the Board of Directors of Tiger Branded Consumer Goods PLC previously known as Dangote Flour Mills Plc, that Tiger Brands Limited has reached a decision not to provide any further financial support with respect to its investment in Tiger Branded Consumer Goods PLC.

Tiger Brands Limited has also informed the Board of Tiger Branded Consumer Goods PLC. that it is currently exploring various alternatives with regard to its investment in Tiger Branded Consumer Goods PLC.

Shareholders are also advised that Alhaji Aliko Dangote, Mr. Olakunle Alake, Mr. Asue Ighodalo and Mr. Arnold Ekpe have resigned their appointments as directors of Tiger Branded Consumer Goods PLC.

The Board of Directors of Tiger Branded Consumer Foods PLC. is considering the implications of these developments for the Company, and further information will be communicated in due course.

In the meantime, shareholders are advised to exercise caution when dealing in the company’s securities until a further announcement is released."

Source: http://www.ebtsconsults.com/2015/11/dangote-flour-mills-now-tiger-branded.html

According to reports people are shunning the use of bureau de changes (BDC) in order to avoid submitting their BVN details to purchase US Dollars.

They are taking the demand for US Dollars to the parallel market leading to fall in Naira value. The Naira fell to 230 against the USD yesterday from 225 day before.

The BVN requirement for BDC transactions just kicked in and the fear among currency hoarders and speculators has increased.

The CBN should not be worried by this phenomenon as legitimate Dollar transactors will continue to work with BDC and it is only the illegal currency speculators who will avoid using BDC's.

CBN should in our opinion increase the interest rates to support the Naira and create yet more panic among the speculators and currency hoarders.

Source: http://www.ebtsconsults.com/2015/11/bvn-fear-latest-factor-affecting-naira.html

Adesiji77:
Rates dropping like it's hot...

Lol!! i'm teling you bros

Intending investors in Nigerian Treasury Bills (T-Bills) may have to rethink their strategy as Treasury Bills rate are now falling like a pack of cards. According to data released by the Central Bank a total of N122.95 billion worth of Treasury bills was sold on Wednesday in CBN’s first auction for the month of November 2015.

The T-Bills had maturities of 3 to 1 year and were sold at ridiculously low yields. Investors looking to invest in treasury bills for just 91 days got a yield of just 5.82% pa. Investors with a 182 days and 364 days tenor in mind got 7.98% (previous 10.15%) and 9.48%pa (previous 10.81%).

The drop in yields follows a similar drop in treasury bills yield on the secondary market. Three months treasury bills yields had dropped to as low as 4.9% on Wednesday. Analysts believe the trigger for this drop is the reduction in the cash reserve requirements of banks following the TSA directive. This has now placed a lot of cash in the hands of banks. With credit risk sky-high, banks have no choice but to pour some of that cash into government securities.

Source: http://www.ebtsconsults.com/2015/11/treasury-bills-just-became-unattractive.html

The National Bureau of Statistics has released its Online Recruitment Report for the period May 2015 to September 2015. In the report, the number of applications completed rose significantly over the period under consideration, rising from 212,409 in May to 313,694 in September.

In contrast, the number of vacancies posted remained relatively stable, from 3,897 in May to 4,441 in September, meaning that they have become more competitive over the period, NBS reports. Thus there were 70 people chasing one job opening for the month of September. Here are other highlights of the report;

The Trade/Services industry dominated in the number of vacancies posted, with over two thirds of vacancies were posted by companies operating within this industry, and an average of 36% of applications made during the period made to such companies.

The majority of applicants were highly educated, with over 70% being educated to degree level or higher. In addition, the majority of applicants were between the ages of 20 and 30 years.

Lagos State was the most active and dominant state during the reference period, accounting for over half of both applications and vacancies posted. Over 7,000 applicants were based outside of Nigeria.

Applications Over the period the number of applications received grew considerably, from 212,409 in May to 313,694 in September, showing that the number of applications grew by roughly 50%.

There is a clear upward trend in the number of applications; every month saw an increase apart from July, when the number fell by 56,563 or 21%. The largest increase in the number of applications was between July and August, when the number increased by 73,625, or 34%

Interestingly 7,075 applicants were based outside Nigeria, which constitutes 5% of all applicants. This was more than the all of the states in the North East and North West combined.

The states from which there were the least applicants were Yobe and Jigawa, from which there were 61 and 74 applicants respectively.

Source: http://www.ebtsconsults.com/2015/11/nbs-releases-online-recruitment-report.html

Total Nigeria Plc and Total Upstream Companies in Nigeria have launched an initiative focused on promoting local content and the entrepreneurial drive of young business people in the country by providing financing support, among others.

The companies described the new initiative, ‘Startupper of the year by Total’, as a local contest initiated simultaneously by the Total Group in Nigeria and 33 other African countries including Algeria, Angola, Kenya, Cameroon and Ghana.

It is said to be targeted at young people in a bid to encourage them to take part in developing their communities and contribute to the nation’s economic growth.

Visit the link below to register

https://startuppers.total.com/en/challenges/startuppers

Source: http://www.ebtsconsults.com/2015/11/total-launches-finance-support.html

G12:
The business environment in Nigeria is only promising, but not truly friendly. That's why the best thing right now for a Nigerian youth is doing freelancing jobs online if you some Skills.

Nigeria is rich, but her people are poor. I see poverty in all nooks and crannies of the country.

We haven't started at all.

I share your sentiments totally. The youths should actually focus on what they can do for themselves not necessarily waiting for government to bring them out of the ditch called Nigeria.

Nigeria, Africa’s largest economy, has long been touted as one of the continent’s most promising business hubs.

In the first quarter of 2015, foreign direct investment inflow surpassed $700 million and even though investor confidence is shaky given the uncertainty during and since the 2015 elections, things are expected to pick up once a clear economic direction is put in place by President Buhari.

But despite offering so many opportunities, Nigeria remains one of the worst countries to do business, as data from the World Bank Doing Business report shows. The report ranks Nigeria 169 out of the 189 in consideration—essentially unmoved from last year’s 170 rank. Nigeria ranked 39th among the listed African countries.

The report measures the ease of doing business along various parameters such as paying taxes, ease of obtaining construction permits, getting electricity, enforcing contracts, registering property, trading across borders and getting credit.

While Nigeria has strengthened minority investor protection, where it ranks 20 out of the 189 countries, it still has numerous problems to contend with. Starting a business is a cumbersome process with inefficient business registration processes and new businesses are often tied up in layers of government bureaucracy with many resorting to third party agents to help facilitate the process of registering a business. Accessing credit and getting electricity also remain low-scoring parameters in the World Bank report and it does not much better in Africa’s other top economies.

Ranking of Africa’s top ten economies for ease of doing business

Country Global ranking

Nigeria 169

South Africa 73

Egypt 131

Algeria 163

Angola 181

Morocco 75

Libya 188

Sudan 159

Kenya 108

Ethiopia 146

Data: World Bank

Overall, Mauritius, which is often promoted as a tax haven, is the highest ranked African nation (32) with good ratings on enforcing contracts and paying taxes.

Highest ranked African countries for ease of doing business

Country Global ranking

Mauritius 32

Rwanda 62

Botswana 72

South Africa 73

Tunisia 74

Morocco 75

Seychelles 95

Zambia 97

Namibia 101

Swaziland 105

Data: World Bank


Source: http://www.ebtsconsults.com/2015/11/nigeria-remains-one-of-worst-places-in.html

The African Export-Import Bank (Afreximbank) is partnering with Dangote Group, one of Africa’s leading indigenous multinational corporations, in promoting intra-African trade

A statement by Afreximbank said that Afrexiimbank President, Benedict Oramah, made the promise while on a visit to Aliko Dangote, the President of Dangote Group.

Oramah said that his plan was to direct heightened focus to developing and promoting trading activities among African countries in order to spur economic development and integration.

He said that his bank was, therefore, committed to making the necessary commitment to ensure effective collaboration between it and the Dangote Group in the field of intra-African trade.

Earlier, Dangote had told Oramah that his group’s current initiatives included the construction of a 650,000 oil barrels (bbl) capacity refinery in Nigeria.

He said that his plan also included the expansion of a cement plant in Ethiopia and cross border intra-African trade in cement.

Source: http://www.ebtsconsults.com/2015/11/dangote-partners-afreximbank-to-promote.html

jetabs:
And my own neva dey dia...una neva c anytin

lol!! it is well bro