u sound like a man that said that his pastor is a generous man, then i ask him why did he said so? Then he said that the pastor sold his car(pajero 4m40)to complete the building of their church, then i ask him, who own the land and who leah the foundation they are building the church?, he said is the pastor, then i said to him, why can not sale what he own to finish the project which he will gain more. That man even said that he put alot of money in that project. So let us not allow ourselves to brainwashed]

Wizkid and Nicki Minaj‘s new found relationship seems not to be ending anytime soon.
The Starboy, who was spotted with Superstar American rapper, Nicki Minaj few days ago seems to be love struck by her as he dropped a love emoji on her make-up free face photo which she shared on the gram.
Wizkid was previously linked with Justine Skye, but the went their separate ways without drama and Nicki Minaj is supposedly in a relationship with rapper, The Game; she was quizzed by this on Ellen Degeneres show.
Let’s keep our fingers crossed though.

buhari and his brainwash men think say we are in 20centuary thats why he view the money that belong to nigeria as his own. We had that presidencial airforce has been in London for months and is accumulating debt, who they pay that one? Na buhari? Or na my grandpaper? Or na nigerian FG?.

Na di na igbo, igbo amaka(am proud to be an igbo man and i am from nnewi.... Ana edo... may you live long, land of peace, prosperity and goodwill.

[color=#006600][/color]The forces behind currency markets and what makes them tick is always an interesting topic, especially when you talk about the Nigerian Naira. The strength of a country’s currency is often in direct proportion to their fiscal health and political stability and this can clearly be seen when you look at the Nigerian economy.
The Naira has been battling all kinds of vagaries, such as currency controls imposed by the government and the fallout from a thriving black market, where it trades at a discount to the official rate set by the Central Bank of Nigeria (CBN). The CBN has made huge efforts to stabilise the currency and has made some inroads. The short-term goal of closing the gap between official and black-market rates has partially been achieved and the CNB know that more work needs to be done in this area. More good news is that in July 2017, the International Monetary Fund (IMF), projected that Nigeria’s economy will grow at a faster pace than South Africa’s in 2018. According to its World Economic Outlook, South Africa’s economy is expected to grow at 1.2% and Nigeria’s at 1.9%. Growth in agriculture, increased oil output and government spending will continue to drive Nigeria’s growth, and strengthen the Naira.
The Naira is an interesting currency to watch, and like most emerging market currencies, it has economic challenges to overcome. As a result of its volatility but increasing stability, it has attracted the attention of investors who want to try their hand at trading.
The volume of retail forex traders is steadily growing and it is estimated that in 2016, the volume from retail foreign exchange trading represented 5.5% of the entire foreign exchange market, a massive $282 billion in daily trading turnover. Nigeria represents over 35% of FXTM’s customer base and the number of registered accounts grew by over 114% in 2016.
Despite the increased interest and numbers of newcomers entering the markets, there are many more aspirant traders who feel they do not have the confidence to trade. Their concern is not misplaced because not all investors have the discipline to thoroughly learn and master the craft of forex trading. A successful trader has to understand both the technical and fundamental aspects of trading, in other words they need to know that politics, natural disasters and even climate change can affect the value of a currency and that timing is a critical part of trading.
Forex transactions are executed in fractions of a second, and a lack of discipline can cause a trader to take unnecessary risks. Forex brokers have recognised this and acknowledged that some traders need extra support. To address this issue the industry has developed tools to help traders stick to their strategies. Expert Advisors (EAs) for example, provide traders with a platform to code the parameters of their trading strategies. EA’s are basically automated trading algorithms and while complex by nature, they are simple to use tools that assist traders to refine their trading strategies and gain a greater potential advantage over the markets.
A novice would not derive much benefit from an EA however, because learning how to code takes tuition and practice. This is why Copy Trading programmes have become extremely popular – they offer less experienced traders the opportunity to follow the trades of suitable traders and products like FXTM Invest provide a welcome middle ground. They are not as technical as an EA, but they enable traders to make decisions based on input from a suitable Strategy Manager.
Copy Trading platforms are beneficial to all parties. Strategy Managers make their trades public and investors copy the strategies to earn on the successful trades; in turn, Strategy Managers then takes a commission from the Investors. Products like this will continue to evolve and attract individuals into the Forex markets because they give traders at all levels the opportunity to increase their earnings from profitable trades.
As the financial markets in Nigeria continue to evolve and the Naira gets closer to becoming a stable and respected currency, so will the interest in Forex trading grow. FXTM regards Nigeria as one of their most important markets and will continue to evolve products, and provide education to assist traders in this region.

[color=#006600][/color]Nigerian Stock Exchange
37,999.56 +472.84( +1.26%)
NGSE ALL SHARE INDEX| As of 08-Aug-2017
1M 3M YTD 1Y 2Y
17.07%43.84%41.40%38.71%20.86%
Zoom:10D1M3MYTD1Y2Y
JavaScript chart by amCharts 3.20.9NGSE ASIJavaScript chart by amCharts 3.20.9NGSE ASI
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JavaScript chart by amCharts 3.20.9VolumeJavaScript chart by amCharts 3.20.9Volume
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JavaScript chart by amCharts 3.20.9JavaScript chart by amCharts 3.20.9 Oct 2015 Apr Jul Oct 2016 Apr Jul Oct 2017 Apr Jul JS chart by amCharts TOP GAINERS PRICE (NGN) CHANGE
DATE
GUINNESS NIGERIA79.38+10.25%08-Aug
DANGOTE FLOUR MILLS6.39+10.17%08-Aug
NAHCO3.41+10.00%08-Aug
C & I LEASING1.20+9.09%08-Aug
NESTLE NIGERIA1,154.93+8.96%08-Aug TOP DECLINER S PRICE (NGN) CHANGE
DATE
MORISON INDUSTRIES1.03-8.85%08-Aug
CAVERTON OFFSHORE SUPPORT GROUP1.15-8.73%08-Aug
CONOIL34.58-5.00%08-Aug
PRESCO70.78-4.99%08-Aug
OANDO7.50-3.85%08-Aug

[color=#550000][/color]Nigerian Stock Exchange is expected to join league of strongest world capital market by 2025, sequel to the enactment of the demutualisation of the Nigerian Stock Exchange (NSE).
Some of the industry players including Chartered Institute of Stockbrokers; Central Securities Clearing System; Central Bank of Nigeria, Federal Ministry of Finance and Association of Stockbroking Houses of Nigeria, expressed the optimism at the public hearing held by the joint Senate and House Committee on Capital Market and Other Institutions, held on Thursday, at the National Assembly complex, Abuja.
According to them, the demutualisation was an integral part if the 10-year capital markets master plan, aimed at underpin the rapid growth that is envisioned over the next decade.
In his remarks, Tajudeen Yusuf, chairman, House Committee on Capital Market and other Institutions explained that the bill will boost Nigeria’s economic development.
On his part, Adedeji Lawal, CBN’s Deputy Director Legal Service Department who pledged solidarity for the demutualisation of the Exchange, disclosed that the initiative was to “stimulate economic growth, promote efficiency in the creation and harnessing of capital as well ad create liquidity in the capital market, adapt and strengthen corporate governance best practices.”
“We observed that this transition from a company limited by guarantee to a public company limited by shares, will promote efficiency in operations, enhance liquidity and strengthen corporate governance of the NSE.
“The demutualisation process will bring the NSE within the legacies of 56 out of 64 members if the World Federation of Exchanges which have de-mutualised.
“The dynamism presented to a demutualised Exchange would augument Nigeria’s debt profile and capital raising capabilities by providing a number of attractive vehicles for foreign and domestic investors.
“The proposed demutualisation will also enable the Exchange to facilitate capital to support Federal Government initiatives and infrastructure projects as well as assist corporates and financial institutions in raising much needed capital,” Lawal said.
He added that capital market and money market are dependent on each other, as a result, efforts aimed at improving the operations of the capital market would invariably make a positive impact on the money market, which is within the remit of the apex bank’s regulatory powers.
On his part, Oscar Onyema, NSE Chief Executive Officer who noted that the Minister of Finance, Kemi Adeosun fully supported the process, disclosed that the NSE is currently registered with Corporate Affairs Commission as a company limited by guarantee.
“In its current form, the Exchange is subject to several legal restrictions which have hampered its ability to operate competitively and profitably as a limited liability entity.
“Presently, the NSE is one of the right exchanges of the 63 members of World Federation of Exchange that still operate as mutual organization. Therefore demutualisation of the NSE will reposition it to a world class and performing organization.
“Demutualisation of the NSE will provide access to global market and capital required for business development. The capital would enable the exchange meet challenges of contemporary market without necessarily placing additional financial burden on participants,” Onyema noted.
In its submission, Central Securities Clearing Systems Plc, expressed optimism that the demutualisation of the Exchange will effect technological improvements which will allow for imrpooved efficiency and effectiveness in service delivery to its customers for the development of the capital markets while ensuring that the right of access to trading on the demutualised entity is not prohibitive.
“The opportunity to raise capital from new shareholders and a broader and more strategic shareholder pool, significantly improves the visibility institutional investors as shareholders will maximize economies of scale and scope, increase accessibility and market reach.
“A demutualised entity affords a wider investor base, including participating organizations, listed companies, institutional and retail investors, the opportunity to become shareholders in the demutualised entity.
“As a result of demutualisation, the exchange can build a more sustainable institution given its ability to raise capital, expand across geographies and better consummate strategic relationships,” he said.

Former President Olusegun Obasanjo Wednesday highlighted some of the reasons why all Nigeria leaders after his administration were unable to increase power generation capacity from where he left it 10 years ago.
Former President, Olusegun Obasanjo
Speaking at the book launch in Lagos titled, ‘Making Africa Work’, which he co-author with Director of Brenthurst Foundation, Dr. Greg Mills; President of NEWSEUM, Dr. Jeffrey Herbst and Major General (rtd), Dickie Davis, Obasanjo said that lack of good leadership, continuity in governance and financial constrain responsible for the diminishing status of power generation in the country.
Obasanjo explained that during his administration, they came up with an agenda called ‘NEEDS’ which is National Economic Empowerment Strategy.
“The idea is that we would have something that will lead us in every aspect of governance and we make Federal, States and Local governments buy into it.
“The idea is that we would have something that will lead us in every aspect of governance and we make Federal, States and Local governments buy into it.
“When we were planning it, we went round the country sample people’s opinion and consult traditional leaders. The incoming administration after us was not left out in it and during my administration we implement the first phase of NEEDS and it was supposed to be continuity.
“But to my surprise, the administration that succeeded our tenure which campaign on the basis of continuity fail us.
“When they assume office, the first statement they make on energy was that in four years they will generate 30,000 megawatts of electricity. That time the highest we generate was 4,000 megawatts.
“I was shocked, in four years how will they do it? I quickly send someone to educate him because as at that time we are in the process of generating 10,000 megawatts.
“It is regrettable that the administration that succeeded us did not even generate up to 3,750 megawatts that we were able to generate before we left.

[color=#550000][/ABUJA— Leader of Indigenous People of Biafra, IPOB, Mr. Nnamdi Kanu, yesterday, tackled the Acting President, Prof. Yemi Osinbajo, for declaring the Biafran agitation unconstitutional.
Osinbajo and Knau
Kanu, in a world press conference he held through his team of lawyers in Abuja, maintained that Osinbajo’s view about Biafra was “patently misconceived and inherently faulty,” despite his rank as a Senior Advocate of Nigeria.
In a statement by his lawyer, Mr. Ifeanyi Ejiofor, Kanu insisted that “extra judicial remarks” Osinbajo made before the Igbo Council of Traditional Rulers, in reference to Biafran agitation, was offensive to section 2 of the 1999 Constitution, as amended.
The statement read in part: “We are presently drifting into the narrative that had hitherto kept our client in unlawful incarceration for 18 months, in clear breach of positive orders of court that directed for his unconditional release. Unhealthy interference by the executive arm in the matter before the court, vide pronouncements capable of putting fears in the court is a case in point.
“This is evident in the recent extra judicial remarks by the Acting President, clearly contained in his presentation before the Igbo Council of Traditional Rulers, that the agitation for Biafra is unconstitutional as it offends section 2 of the 1999 Constitution of the Federal Republic of Nigeria, as amended, 2011, and consequent threat of arrest and imprisonment of those that exercise their unquestionable and inalienable rights to self determination.
“This declaration is respectfully considered as not only provocative and unacceptable, but a clear case of undue interference with judicial process, which have the capacity of distorting the mindset of the judicial officer in charge of client’s case.
“It is important to remind the Acting President that our client’s present political trial originated from his legitimate exercise of his constitutionally guaranteed rights to self determination as clearly provided for under extant laws, and international instruments/covenants.
“It is, therefore, reasonably expected that any of such extra judicial remarks should not emanate from the revered office of the Acting President.
“With due reverence to the Acting President, and his rank as a Senior Advocate of Nigeria, we deem it obligatory to state the correct position of the law as it relates to his faulty position.
“We observed most respectfully that the learned silk made this remark in direct response to quit notice threats and ultimatum handed down to Igbo living in the northern part of the country, by a faceless and uninformed group, going by the name of Arewa Youths Consultative Forum.
“But it must be noted very humbly that it is a mistake to equate the lawful and legitimate aspirations and agitations for Biafra with the unlawful, illegal and illegitimate quit notice, and threat given to the Igbo to leave the North by this group.
“We submit most humbly that the right to self determination, recognizable under various instruments, which Nigeria is a party to, is clearly provided for under Article 20(1) of the African Charter on Human and Peoples Rights (Ratification and Enforcement) ( Act Cap 10) Laws of the Federation of Nigeria 1990.”]

[color=#550000][/The memorandum of understanding (MoU) signed last week by Innoson Vehicle Manufacturing Ltd (IVM) and a Malian transport firm to export 400 units of made-in-Nigeria vehicles to the West African country is an indication that the Nigerian Automotive Industry Development Plan (NAIDP) is on course, in line with the Federal Government’s plan to use the NAIDP to position Nigeria as a major auto manufacturing hub for the sub-Saharan Africa regional market.
Director of Policy and Strategy, National Automotive Design and Development Council (NADDC), Mr. Luqman Mamudu, who disclosed this yesterday, said “it is a very positive development for our auto industry.”
Mamudu explained that, apart from the huge foreign exchange to be earned, the deal would also impact on the country’s balance of trade: “It is also very significant in the global perception of Nigeria as an auto manufacturing nation.”
Last week, the News Agency of Nigeria reported that Innoson signed an MoU with Taxi Plus VIP, a Mali-based transport firm, for the expansion of its transport business in that country.
The development was the outcome of a made-in-Nigeria products exhibition in Bamako in 2016.
According to the charge d’affairs of Nigeria in Mali, Yara Abdulsalam, the exhibition was facilitated by Ginco Group, a Nigerian firm based in Mali, to showcase Nigeria’s potential.
Abdulsalam, who made the announcement in Abuja when he accompanied a delegation of businessmen from Mali to the Foreign Affairs Minister, Geoffrey Onyeama, said: “From the exhibition, Taxi Plus VIP approached the embassy that they wanted to import vehicles from China, but we told them that we have an indigenous company in Nigeria that manufactures vehicles.
“They started talking with Innoson through Nigerian Export Promotion Commission and the Executive Director/CEO, Mr. Segun Awolowo, and the deal was later finalised.
“Mali is the centre of Francophone countries and has boundaries with eight countries.
“If the MoU materialises, it will positively affect all other countries and will increase foreign direct investment in Nigeria.”
In his remarks, Onyeama expressed delight at the development and described it as “the beginning of industrial revolution in Nigeria.’’
He said that it was a good development that would enhance job creation and stem the rate at which youths embark on dangerous adventures to Europe in search of greener pasture.
The managing director of Ginco Group, Mr. Godwin Oguzie, said the 2016 made-in-Nigeria exhibition in Bamako was organised to enable Nigerian manufacturers know that opportunities awaited them in Mali to sell their products
Oguzie, who led Taxi Plus VIP to sign the historic MoU with Innoson, described the MoU as historic.
“We signed an MoU with Innoson Manufacturing Company to enable Taxi Plus increase its capacity to provide urban transportation system in Bamako.
“This is the first time a country in Africa is exporting locally manufactured vehicles to another country,” he said.
Led by the Mayor of Bamako, Mr. Harimakan Keita, the visiting Malians were scheduled to tour the Innoson plant in Nnewi, Anambra State, last week, where they were expected to be received the chairman of Innoson Group, Dr. Innocent Chukwuma, OFR.
Also reacting to the deal, an auto industry stakeholder and chairman of the Auto Sectoral Group in the Manufacturers Association of Nigeria, Dr. D.V.C. Obi, described it as “a very huge achievement” for the industry, which is presently going through difficulties.
While commending the Malians for believing in the capability of Nigeria and Innoson in particular to meet their needs, Obi expressed the hope that the MoU would open the gates for more patronage of locally-made vehicles internally and from other African countries..
He, however, advised Innoson to ensure that the vehicles to be exported to Mali were produced to the best standards with adequate arrangement for after-sales support, “so that they (the cars) will speak eloquently for the Nigerian auto industry in that country.”]