glo Nigeria’s Biggest Network

gloSubscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow udeozochibuzo’s Blog via Email- simply enter your email address on the ”follow” section on udeozochibuzo Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | 8 Comments

COURT RULES AGAINST INTERNATIONAL BASKETBALL FEDERATION, FIBA

image

The court decision prohibits FIBA and FIBA Europe from sanctioning clubs for participating in Euroleague Basketball competitions.

In addition, any national team that has achieved qualification to competitions organised by FIBA and FIBA Europe may not be excluded as a result of any club’s decision to participate in Euroleague Basketball competitions.

Any direct or indirect sanctions, threats of sanctions, as well as undue pressure on clubs to act against their own will would result in a violation of the judge’s resolution.

  On Thursday 2 June 2016, the Munich Regional Court I, competent court for decisions imposed on FIBA Europe and FIBA, ruled on the complaint presented by Euroleague and Eurocup clubs, domestic leagues and Euroleague Basketball by issuing a resolution that prohibits FIBA and FIBA Europe from sanctioning clubs, domestic leagues or national federations should their clubs choose to participate in the Euroleague or Eurocup competitions. The resolution also prohibits FIBA and FIBA Europe to exclude national teams from participating in competitions organised by FIBA and FIBA Europe, anytime this sanction is imposed due to a decision by clubs from a certain country to register in the Euroleague or Eurocup competitions. 

In the ruling the Judge specifically mentioned that “… by way of a temporary injunction, subject to an administrative fine of up to two hundred fifty thousand euro or imprisonment for up to six months for each infringement – imprisonment also in the event that the administrative fine cannot be raised, to be enforced on the managing director in the case of FIBA Europe and on the secretary general in the case of FIBA -, FIBA Europe and FIBA are prohibited from sanctioning or threatening to sanction, directly or indirectly, (i) the Applicants, (ii) other basketball clubs in the geographic area of FIBA Europe, (iii) National Basketball Federations in the geographic area of FIBA Europe, or (iv) national or supra-national basketball leagues in the geographic area of FIBA Europe because of a decision or intention on the part of the entities named in (i) to (iv) to co-operate with Euroleague Commercial Assets and its subsidiaries; …”

In order to ensure that the decision was communicated to all relevant stakeholders, the clubs, domestic leagues and Euroleague Basketball had requested to the Judge that FIBA, FIBA Europe and the national federations be obliged to publicly rectify themselves while announcing the decision. However, the Judge decided that having Euroleague Basketball publish the decision on its own platforms would be sufficient, and therefore has not considered that petition.

The ruling found its origin in the threats and pressure that FIBA and FIBA Europe are continually making against European professional basketball clubs and domestic leagues that have decided to take part in international competitions organised by Euroleague Basketball, namely the Euroleague and the Eurocup. Ultimately, FIBA Europe imposed sanctions on all national teams whose national federations did not take action against clubs that joined the Eurocup. 

Despite FIBA Europe’s public announcement on 27 May 2016 stating that “no federation is currently affected in a negative way” due to their “positive reaction” to FIBA Europe’s decision to impose sanctions on national teams, pressure from the international and national federations has continued, as confirmed recently to different media outlets by the presidents of the French, Russian and Slovenian national federations. 

The resolution confirms that good governance is also necessary in sports, and that sporting organisations professional or otherwise cannot under any circumstance operate outside the realms of the law. Euroleague Basketball hasbeen emphasising this fact to FIBA and FIBA Europe repeatedly in recent years due to the illegalities of certain articles within the FIBA General Statutes. Due to the lack of positive response from FIBA, Euroleague Basketball filed a formal complaint to the European Commission in February 2016, which remains ongoing and is independent from the ruling in Munich. Euroleague Basketball believes that sanctions, threats and pressure have no room in professional sports and that the rights of clubs and domestic leagues to defend their freedom of choice must be respected. 

In May 2016, given that the threats and pressure from FIBA, FIBA Europe and national federations had not stopped, a group of Euroleague and Eurocup clubs, domestic leagues and Euroleague Basketball, decided to take legal action at the competent court in Munich, Germany, to ensure that FIBA and/or FIBA Europe do not create irreversible damage before the European Commission can rule on Euroleague Basketball’s complaint.  

Euroleague Basketball regrets that national federations, despite suffering damages from the sanctions decided by the FIBA Europe Board, opted not to take any action to defend the hard-earned qualifications of their national teams to international competitions, but followed FIBA Europe’s instructions instead. 

Euroleague Basketball applauds the ruling that keeps the practice of sport free and voluntary at all levels, and clearly confirms that clubs can take decisions in their best interests without negative consequences being imposed on themselves, their domestic leagues nor on their national teams, which should be protected for the good of the sport. The ruling allows all European clubs to continue planning the 2016-17 season including their budget, sponsorship agreements, player contracts and all other preparations that had been adversely affected until now. 

Euroleague Basketball and its clubs will continue tirelessly to defend freedom of choice for all European clubs and domestic leagues. Any direct or indirect sanctions, threats of sanctions, as well as undue pressure on clubs to act against their own will would be a violation of the judge’s resolution; therefore Euroleague Basketball will pursue every legal action necessary to defend European clubs and domestic leagues. 

It is Euroleague Basketball’s firm belief that the organisation of professional sports must be based on consensus amongst relevant stakeholders in a clearly defined collaborative framework that aims at progress for clubs, domestic leagues and national teams. Euroleague Basketball hopes that such a stable framework can be built together with FIBA to form a solid and durable joint effort towards growth of the sport at all levels.

SOURCE :Euroleaguebasketball.net

Posted in Business and Investments | Leave a comment

Read The Frog Analysis & Your Life

image

Put a frog in a vessel of water and start heating the water. As the temperature of the water rises, the frog is able to adjust its body temperature accordingly.
The frog keeps on adjusting with increase in temperature…

Just when the water is about to reach boiling point, the frog is not able to adjust anymore…
At that point the frog decides to jump out…The frog tries to jump but is unable to do so, because it has lost all its strength in adjusting with the rising water temperature…

Very soon the frog dies.

What killed the frog?

Many of us would say the boiling water…

But the truth is what killed the frog was its own inability to decide when it had to jump out. We all need to adjust with people and situations, but we need to be sure when we need to adjust and when we need to confront/face.There are times when we need to face the situation and take the appropriate action…

If we allow people to exploit us physically, mentally, emotionally or financially, they will continue to do so…

We have to decide when to jump.

Let us jump while we still have the strength.

Think on It !!

Posted in Business and Investments | 3 Comments

El Chapo Guzman: Mexican Druglord Threatens Isis Leader Baghdadi

image

Mexico’s notorious drug lord Joaquin “El Chapo” Guzman, whose daring escape from a maximum-security prison for the second time made headlines across the globe, has now threatened to take the fight to the Islamic State (Isis).

Dubbed the “Osama bin Laden of drug trafficking“, El Chapo Guzman, the leader of Mexico’s deadliest drug mafia — Sinaloa cartel — threatened Isis leader Abu Bakr Al Baghdadi with dire consequences for destroying his drug shipments, according toRussia Today.

Joaquin “El Chapo” Guzman, who was once listed in the Forbes Billionaires list, has drug operations in five continents. In the Middle East, the cartel supplies cocaine, ecstasy and other party-based drugs.

However, in recent days, several drug consignments belonging to the Sinaloa cartel have been destroyed by Isis (also known as Daesh), and this has angered El Chapo, a Mexican blogger close to the cartel has revealed. El Chapo sent in an encrypted email to the Daesh leader Baghdadi that has now been leaked here on Udeozochibuzo Blog see a part of the leaked email:

You [ISIS] are not soldiers. You are nothing but lowly p*ssies. Your god cannot save you from the true terror that my men will levy at you if you continue to impact my operation.”

“My men will destroy you. The world is not yours to dictate. I pity the next son of a wh*re that tries to interfere with the business of the Sinaloa Cartel. I will have their heart and tongue torn from them.”

It looks like it’s on. It would be ironic that the group who ends up taking out ISIS is El Chapo’s drug cartel! They seem up to the task and it could be worth giving immunity to this guy in exchange for him and his boys taking out ISIS once and for all!

Posted in Business and Investments | Leave a comment

Yahaya Bello Now Governor-Elect of Kogi State Nigeria

image

The Independent National Electoral Commissioner has declared Yahaya Bello of the All Progressives Congress the governor-elect of Kogi State, following yesterday’s conclusion of the governorship election declared inconclusive on November 22.
The Returning Officer, Immanuel Kucha, declared Mr. Bello winner at 5.26 AM on Sunday, ending a collation exercsise that started 11.06pm on Saturday.
Saturday’s Supplementary election held in 91 polling units across 18 local government areas on Saturday.
The supplementary poll did not hold only in three local government area, namely Mopa, Ogori Magogo and Yagba East.
The election was declared inconclusive after the margin of win between PDP and APC was less than the number of registered voters in the 91 polling units where election was cancelled.

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Buhari Gives Poor Salaries to Ministers

image

Barely three weeks in office, President Muhammadu Buhari has shocked Ministers with poor salaries and austere allowances. He has also imposed dos and don’ts on the ministers including travel restrictions. Most Ministers were said to be embarrassed by the perks of office accruable to them in office. The only leverage the Ministers will enjoy is the privilege of flying in a Business Class on trips.

These conditions of service for Ministers were contained in a letter  given to them during the week by the Secretary to the Government of the Federation, Engr. Babachir David Lawal.

The letter said: “I am pleased to inform you that the President of the Federal Republic of Nigeria, Muhammadu Buhari, GCFR,  has  appointed  you as  a  Minister in  the Government of the Federal Republic of Nigeria

“The appointment takes effect from 11th November, 2015 under the following Terms and Conditions of Service as contained in “Certain Political, Public and Judicial Office Holders(Salaries and Allowances, etc) (Amendment ) Act 2008.”

“I am to add that your tenure terminates at the end of this Administration unless otherwise decided by Mr. President. Please accept my heartiest congratulations and best wishes on your appointment.”

The SGF’s letter gave the details of the perks which the ministers will enjoy in office as long as they last in the Federal Executive Council (FEC).

While the substantive minister will earn N2, 026, 400 Annual Basic Salary($8,514.285), Minister of State is to get N1.8million($7,563.025) per annum.

Other  highlights of the conditions include: Estacode Allowance($900 per diem); Duty Tour Allowance(N35,000); Utilities Allowance(Telephone/ Electricity/ Water)–30% of Annual Basic Salary (N607,920); Domestic Staff Allowance(75% -((N1,519,800) of Annual Basic Salary; Medical Facilities (in accordance with NHIS Policy);  Special Assistant (To be provided in kind); Security (To be provided in kind); Air Travel (By Business Class); Newspaper Allowance (15% of  Annual Basic Salary-N303,960).

The letter said: “As a Political Office Holder, you must obtain permission from Mr. President before you travel out of Abuja. If the trip is official, Ministers are entitled to a Duty Tour Allowance of N35,000 per diem. However, all private journeys will attract no Allowance.

“Severance Allowance of 300 %of Annual Basic Salary payable after full tenure of office with government. The allowance will be pro-rated after a minimum of two years tenure.

It added: “200 % of Annual Basic Salary (N4,052,800) will be paid to you to enable you to acquire accommodation of your choice in line with monetization policy.

“Furniture  Allowance. 300 %(N6,079,200) of Annual Basic Salary will be paid once in every four years. The allowance will be paid annually at the rate of 75% (N1,519,800) of Annual Basic salary.

“Motor Vehicle Fuelling Maintenance Allowance. 75% of Annual Basic Salary (N1,519,800) for the maintenance of your vehicle(s) as Government no longer provides chauffeur  driven vehicles to Political Office Holders/Public Officers for house to office running.

“Annual Leave (30 calendar days for each leave year or calculated on pro-rata basis, with 10% of Annual Basic Salary(N202,640) as leave grant); Personal Assistant Allowance (25% of Annual Basic salary to enable you to employ a Personal Assistant of your choice).”

Investigation however revealed that some of the ministers were uncomfortable with the salary and allowance package because it might not be able to pick their bills.

The package has caused rumbles in the cabinet because while Nigerian ministers earn $8, 514.28 Per Annum (N2,026,400),  their counterparts in Ghana are on $50,000 (N11,900,000) and those in South Africa (the highest paying in the continent) were said to be taking home  about $302,521 per annum.

A reliable source said: “Most ministers have been sad since they received their letters of appointment because the salary and allowance package was a far cry from where they were coming from. We hope that ministers will eventually not steal if they have to serve this nation on hungry stomach.

“We have ministers in this government who left high-net worth job of $10,000 to $20,000 per month, how will they settle their bills? Some ministers have headed corporate. You can imagine a minister managing about $3billion portfolio now getting $8,521 per Annum.

“Some ministers have children in Ivy League universities where they are paying as much as $40,000 to $60,000 per annum. How will they be able to cope to meet up with their responsibilities?”

As at press time, it was unclear if the ministers had made representation to the president or not.

“Curiously, we have some Executive Secretaries, Directors-General and Group Managing Directors of parastatals like NNPC, PPMC, NCC, NDIC, PEF, PPPRA, DPR, NERC, NIGCOMSAT, and others who will be earning more than their ministers. I think the system is distorted somehow.”

Another source added: “To earn commensurate salaries and allowances, the president can explore foreign donors’ basket for payment of ministers. Or else, it will be difficult to get the best from this team.

“Alternatively, there might be scientific corruption in Buhari’s cabinet. This is the type of corruption we call ‘chop and clean mouth.’

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

 Queen of Silicon Valley, Diane Greene Run The Cloud Unit

image

Google just scored a big coup by convincing one of its board members, VMware cofounder Diane Greene, to head its cloud computing business.

She’ll be running a huge new unit, including the Google Apps business (which is part of the Google for Work unit), Google CEO Sundar Pichai said in blog post:

“Greene will lead a new team combining all our cloud businesses, including Google for Work, Cloud Platform, and Google Apps. This new business will bring together product, engineering, marketing, and sales and allow us to operate in a much more integrated, coordinated fashion.”

Google clinched the deal by buying her startup, Bebop Technologies, for an unknown sum. She’s been working on Bebop in stealth mode since 2012 and we understand it’s been a labor of love for her. It was doing something in the cloud computing software space.

Greene is one of the monarchs of Silicon Valley. She founded VMware with her husband and Stanford professor Mendel Rosenblum (and a few others) in the late 1990s. She led the company as its first CEO through a meteoric rise through the early 2000s and its $635 million sale to EMC. 

A couple of years after the sale, the board got nervous about a new competitor, Microsoft, and replaced Greene with former Microsoft executive Paul Maritz.

Greene went on to become an active angel investor and startup advisor, backing companies like Cloud Physics, Cumulus Networks, Cloudera, and Nicira (a startup later purchased by VMware for $1.26 billion). 

She’s been a Google board member since 2012. (She’s also on the board of Intuit). 

She’s well liked and respected in the Valley’s startup community, a market that Google really wants to attract to its cloud, instead of watching them go to Amazon or Microsoft.

But Greene is also well-liked and respected in the corporate enterprise world, where everyone uses VMware’s products. And that’s the true cash-cow market Google hopes to attract to its cloud. Google hopes to grow its cloud computing services so big that one day they make the company more money than ads, Google’s Urs Hölzle said this week.

Pichai described Greene as “someone who understands enterprise needs very well.” He also said in the blog post that she will remain on Google’s board:

“As a long-time industry veteran and co-founder and CEO of VMware, Diane needs no introduction. Cloud computing is revolutionizing the way people live and work, and there is no better person to lead this important area. We’re also lucky that Diane has agreed to remain on Google’s Board of Directors (she has already served three years here) — as she has a huge amount of operational experience that will continue to help the company.”

Greene’s husband Rosenblum cofounded Bebop with her, taking a two-year leave from Stanford to work there. With the sale of the startup, he’ll go back to working at Stanford and spending one day a week at Google

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

3 Ways To Prepare For Success

image

Are you successful? Do you set your mind all the time to achieve success and be successful? Well, success is something that is dependent on each individual. It is something each person defines for themselves and is not fixed. Something could be considered as a success for one person, while for someone else it may not have the requirements or characteristics of success for them. Let me give you a simple example.

A person may be interested in sports and becoming a professional athlete and so could consider this success for them. However, a friend could come along and appreciate what the other person is doing but might not be interested in sports and thus, does not define it as success in his dictionary. This is the beauty of success. You can define whatever you want as success; as long as it is of importance to you and that you are looking forward to achieving it.

Here are 3 tips to prepare for success:
1. Keep The End In Mind

Do you keep the end in mind after setting a goal? What does that even mean? Well, keeping the end in mind means that you set a goal and then imagine yourself achieving this goal and your situation or condition then.

So let’s say you would like to be the CEO of a company or maybe start your own company. You would picture yourself a CEO and start working backwards, taking the steps needed to reach that goal. This is important because if you do not have or lose sight of your goal and what it feels like once achieved, you might lose focus and interest and might end up piling that goal on your to-do-later shelf.

2. Identify And Motivate

For those of you who follow tip #1 above, you probably have already defined your goals and dreams. However, if you have not done so, you need to start with defining your goals and dreams; your success. What is it that you really want to do in life, what are you interested in, what are you passionate about? These are just simple questions that help you locate the things you know as success.

The next step is the motivation. Why do you want to do what you set your mind to? What is it that is pushing you and making you want to do this task or activity so bad? This is something else we need to focus on to keep us going and moving forward.

3. Be Prepared

After you have set your goal and mustered the necessary motivation to achieve your goal you are initially set. Next, we need to prepare for our goal. You need to be prepared for both sides of the scheme. Are you prepared? Are you prepared for the best and worst outcome?

We always wish to achieve our goals easily and have the best outcome prevail. However, we also need to have a backup plan and be prepared for the worst. This way if this happens, we are not surprised and have the necessary background and tools to adapt.

Overall, success is something that brings joy and excitement to us and is something we wish we could achieve every day. Always remember though to be prepared for the best and worst situations.

How have you prepared for success? Please share in the comments below.

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | 3 Comments

Read about ”The Intrapreneur”

image

The Intrapreneur is to become an entrepreneur within a larger organization. Some companies have structures that encourage employees to pioneer new business lines in return for equity or bonuses. If you can find a company that has a strong culture of innovation, you can build your own business within it, with the advantage of having start-up capital from the beginning and less personal risk. (To learn more,

You may even be able to kick start an intraprenuership program at your work by asking for a percentage of your time to work on pet projects with bonus structures. To bolster your argument, you can point to companies like 3M, Intel and Lockheed Martin. These three saw some of their biggest growth during periods when intraprenuership defined the corporate culture. Intrapreneurship can offer some of the same benefits as entrepreneurship without forcing you to give up the security of a day job.

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

See a Way To Make Money

image

I write about personal finance, career, business, the economy, tech and news

Usually, people who want to bolster their finances trim their expenses. But cutting costs only goes so far. Unless you already make a lot of money and spend like a bon vivant, most people can’t eke out that much more from their budget by decreasing expenses. Plus, the more you retrench, the more your quality of life suffers. (It’s all relative, though — certainly some overspenders could actually improve their lives by tempering their expenditures.)

If you’re looking to increase your revenue streams, take heart: Opportunities to earn extra money abound for people at all levels of experience. While the gigs requiring more experience will pay more money, for those starting out, even the earnings of lower-paying jobs will add up over time.
That extra money can be put toward helping you pay down debt, boost your net worth or save for big goals, such as making the leap to freelance.

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Fears Envelope Nigerian Stock Excange, as Market Reopens for Trading

image

Equity transanctions reopens at the Nigerian Stock Exchange (NSE) for the month of November on Monday under serious market operators and investors’ concerns that revolves around risk management and
corporate confidence issues.

The concerns, which some dealers termed very serious hovers around Oando Plc huge losses, Stanbic IBTC holdings’ indictment by the Financial Reporting Council of Nigeria (FRC) and the Central Bank of
Nigeria sanction of FBN Holdings and UBA for Single Treasury Account (TSA) non-compliance.

Although both Securities ans Exchange Commission (SEC) and NSE have remained silent on the issues, some capital market operators and shareholders are expressing divergent views on the implications of
those regulatory hammers on the capital market.

Some argued that regulatory sanctions would further compound the nation’s macroeconomic challenges and the dwindling fortunes at the capital market.

Others also said the sanctions was a positive omen for regulatory framework and corporate governance in Nigeria.

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Nigeria’s Army Publishes Photos of Boko Haram Members

image

Nigeria’s army has published photos of nearly 100 people whom it says are its most-wanted Boko Haram suspects.

The army urged the public to phone special hotlines if any of the suspects were spotted, as it steps up efforts to hunt down the Islamist militants. President Muhammadu Buhari, who took office in May, has given the military a Nov 2015 deadline to defeat the the terrorists.

Boko Haram has lost most of its territory this year but increased suicide attacks and bombings since May. It began its insurgency in 2009 in north-eastern Nigeria, but has since spread its activities to neighbouring Chad, Cameroon and Niger.

Boko Haram is allied with the Islamic State (IS) group which is fighting for a global caliphate – a state governed in accordance with Islamic law.
The photos on the list appear to have been sourced from Boko Haram propaganda material, including videos, reports the BBC’s Bashir Sa’ad Abdullahi from the capital, Abuja.

Its leader Abubakar Shekau appears twice on the list, despite previous claims by the army that he had been killed and claims by Chad’s President Idriss Deby in August that the group had a new leader who was open to dialogue.
The army say it will circulate the banner across the country to help it track down the insurgent leaders.

Appeals for public co-operation are written in English as well as Hausa and Kanuri, the two main languages in Nigeria’s north-eastern areas where Boko Haram is most active.

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

MICHEAL JACKSON TOPS LIST OF HIGHEST PAID DEAD CELEBRITIES IN THE WORLD

image

Forbes has named Michael Jackson as the top earning dead celebrity in 2015.

The late King of Pop has raked in an astonishing $115 million this year.

Micheal Jackson made over $1.1 billion in his more than 30 years solo career and seems to have made even more since his death, with a further $999 billion since 2009.

His earnings come from two Cirque du Soleil shows, his own music and publishing revenues, and his half of the Sony/ATV publishing catalogue.

His latest annual income puts him at the top of a list of highest earning dead celebrities, compiled by financial magazine, Forbes

He is followed by Elvis Presley who has made £36million, then Peanuts cartoonist Charles Schulz comes in third with £26million, and at fourth place is Bob Marley with £14million while Elizabeth Taylor comes in at the fifth position with £13million.

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Must Read Synapsyl The Pill That Enhances Your Brain Intelligence

image

Experts say most people only use 10% of their brain’s potential. What if there was a pill that could unlock the other 90%? Clinical Trials have shown that the ingredients in this pill can boost your brain power, sharpen your mind, and sky-rocket your energy levels.

Welcome To The Future — The use of a Legal Study Drug known as Synapsyl has skyrocketed on college campuses across the US, Silicon Valley, Wall Street, and professional athletes since coming back on the market in April. It’s being touted as an Adderall replacement, and many students are taking full advantage of its availability to buy online without a prescription.

image

There has been much controversy around this memory-enhancing pill, not only on college campuses, but also in the media. It first came into the spotlight when the movie Limitless became a box office hit and several blogs started comparing it to Synapsyl. Sales of Synapsyl tripled overnight as students, athletes, entrepreneurs, and business executives all wanted to get their hands on this powerful brain enhancer.
Synapsyl, which has no recorded side effects in any clinical trials, was soon the target of critics who claimed it was too powerful to be sold without a prescription.

image

Other people in academic circles insisted that Synapsyl provided an artificial edge for its users and was unfair to those who weren’t taking it. This led to it being banned from quiz shows and at many top universities as well. Facing outside pressure, the creators of Synapsyl were eventually forced to halt production of the limitless pills.

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Behold The World’s Highest Paid Actor 2015:

iron manFor the third year in a row, Robert Downey Jr.’s stratospheric $80 million payday is more than any other leading man on the planet, helping Iron Man punch $30 million above Hong Kong hero Jackie Chan’s second place haul.

Though China may be Chan’s cinematic stomping ground, the nation’s movie appetite propelled Downey’s Avengers: Age of Ultron to a $240 million gross in the People’s Republic alone, ensuring Downey topped the World’s Highest Paid Actors list. From Hollywood to Hong Kong and Bollywood, the ranking examines international stars’ earnings for the first truly global dollar tally of film’s flushest stars.

“I always look at the map… I think the world belongs to us. America belongs to me. China belongs to you,” said Chan, who makes a mint starring in East-West coproductions such as Dragon Blade and through Chan-brand extensions including merchandise and eponymous cinema chain.

iron-man-3-robert-downey-jrThough we have long looked at foreign actors starring in the U.S. films — Irishman Liam Neeson, Brit Daniel Craig and Australian Hugh Jackman have all made the Highest-Paid Actors list previously – we have never examined those working solely in international movie industries. As a result, 12 newcomers join the ranking, five of whom collect their paychecks from Bollywood. Three of them are in the top 10: Amitabh Bachchan and Salman Khan rank at No. 7 with $33.5 million, just ahead of Akshay Kumar’s $32.5 million haul.

Six of the top 10 hail from the U.S., including Vin Diesel, ranked at No. 3, who earned a hefty $47 million thanks in part to the success of Furious 7. The most recent Diesel-fueled installment of the Fast and the Furious car franchise grossed $1.5 billion worldwide, 77% of that from beyond the borders of the United States and $400 million in China alone. “The whole point [of The Fast and the Furious] was to diversify Hollywood and in some ways change the face of Hollywood,” Diesel said.

Posted in Business and Investments | 1 Comment

See The Wealthiest Hip-Hop Artist in The World 2015 Forbes

pufff daddyLast May, shortly after word began to spread that Dr. Dre had sold his eponymous headphone line to Apple AAPL -0.58%, the superproducer made a proclamation: rap’s first billionaire was about to be crowned, and he hailed from Los Angeles.

“The first billionaire in hip-hop, right here on the [expletive] West Coast,” exclaimed Dre in a video clip that went viral almost instantly. But the deal, whose value was initially reported at $3.2 billion, ended up at an even $3 billion in cash. After taxes, Dre’s 25% stake left him with a $500 million windfall–$100 million more than FORBES estimated his stake to be worth last April–and a net worth of $700 million.

Amazingly enough, Dre is not the richest man in hip-hop; that honor goes to Diddy, who clocks in at $735 million. The news may come as a surprise to many, but while Dre’s wealth derived from a single jackpot idea, Diddy’s is the product of his interests in a slew of companies, a handful of which could one day give him a Beats-esque exit

Diddy has a deal with Diageo ’s Ciroc vodka that guarantees him a split of the proceeds if the brand is ever sold, an event that would surely land him a nine-figure check. He also owns a controlling stake, or close to it, in clothing lines Sean John and Enyce, alkaline water brand Aquahydrate, new tequila DeLeon and multimedia network Revolt. Diddy founded the latter as a sort of next generation MTV with a renewed focus on music.

“Revolt got built out of the frustration Sean was having with music media being able to get his albums out there,” says Revolt chief executive Keith Clinkscales. “Sean has been aggressive in being sure that we put the power of the platform in the hands of musicians to be able to create with fans in their authentic voice.”

Posted in Business and Investments | 1 Comment

Learn 5 Best Practices to Take Your Business Global With Twitter Ads

image

Learn how different businesses use Twitter to connect with a global audience:

Whether you want to stay local or reach an overseas audience, you can choose the markets, countries, regions, metro areas or postal codes that are the most relevant to your business. You can also refine your targeting by language to ensure that no matter where they call home, your potential customers can understand your ad. 
Learn more about our robust geo-targetingoptions and refining your audience by language.

Emphasize your region’s speciality. Appeal to a global market by reinforcing the quality or distinction of your products being produced in a specific region. Such as “maple syrup from Canada” or “Swiss watches.” With Twitter Ads, potential customers from all over the world can now learn about and purchase your specialty products. 

Align with global events. Twitter happens in real time, with natural spikes of conversation occurring around everyday moments and special events. These are often organized around specific hashtags or keywords, which marketers can use to enter relevant, global conversations, can help you uncover cultural touch points unfolding across regions, such as Small Business Saturday (in the US & UK), the Eurovision song contest (European markets) and Giving Tuesday (globally). 

Segment campaigns by proximity or language. For instance, you may group the United States and Canada together for one campaign representing North America and then group the Nordic countries in another campaign. This will help you stay organized and understand exactly where your campaigns are the most impactful. 

Tailor your content to the market. No matter what you’re selling, one size doesn’t always fit all. Once you’ve segmented your campaigns by regions or languages, consider the unique culture or interests of each group and adjust your images, Tweet copy, or offering appropriately. This is the time to analyze and experiment! 

Make your Twitter presence as international as your audience. Your company may be global, but you may have a single Twitter handle and only Tweet in one or two languages. Consider Retweeting users from different countries to highlight the international scope of your community and add some diversity to your timeline. Or, if you have the resources to create distinct Twitter accounts for your largest markets, consider creating tailored content for each account to help reflect the unique tone of their region. 

Get started! Our objective-based campaigns are designed to help you hit your business goals, from anywhere in the world.

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Nigeria Multi-Million-Dollar Mushroom Market

image

Nigeria has all the indices for greatness so one wonders why it is not great. Some have pointed at poor leadership and followership, corruption, poverty etc as culprits but one tends to agree with a popular Nollywood actor.

Nigeria is blessed with abundant natural and human resources, highly talented and resourceful people, high quality natural resources, yet, it seems to be moving round and round in circles. In this interview with Professor John Aroye Okhuoya, Professor of Mycology and Director, African Centre for Mushroom Research and Technology Innovation, University of Benin, he speaks on how Nigeria can partake of the multi-million dollar mushroom industry.

I had my first degree in Microbiology here. I was one of the first 100 students of the University of Benin when it was Midwestern Institute of Technology. Thereafter, I worked briefly in the Rubber Research Institute and then went abroad for my PhD. I came back in 1981 and started lecturing in 1983 in the Department of Botany (now Department of Plant Biology and Biotechnology, University of Benin. I became a professor in 1995. I have been training undergraduate and post-graduate students in Mushroom Science.
grew up in the rural area and we used to go for mushroom hunting in the village, collecting wild mushrooms for sale in the evenings. My father gave me some information on the different mushrooms that we ate. That was how the interest came. I have developed this area of research over the years and at a point, we felt that this university should be a reference point. We introduced Mushroom Science in our curriculum.

At undergraduate level, we have Introduction to Mushroom Science, and then I developed a master’s and PhD programmes in Mushroom Science. Mushroom production is still very low in Nigeria hence many of our people still depend on collection of mushrooms from the wild.

This is fraught with the danger of collecting poisonous with edible ones. Commercial farming holds the key to the eventual elimination of occasional mushroom poisoning in our population.

Categories of mushrooms:

There are four main categories of mushrooms.Edible mushrooms (those you can eat as food);Medicinal mushrooms used in taking care of certain ailments; Poisonous mushrooms (these are deadly). There are also mushrooms that are both medicinal as well as edible. Then the last category is the Miscellaneous group which contains mushrooms whose values are not yet established.

Nutritional values:

Edible mushrooms are rich in protein, B-vitamins and contain moderate amount of vitamin C. They are, however, low in carbohydrate and are generally preferred to fresh vegetables because weight for weight, the body absorbs all of mushrooms eaten without wastes. Common edible species in Nigeria arePleurotus tuber-regium or tuberous mushroom(very common in South-East and used in cooking egusi soup. It produces tuber in the dry season and then in the rainy season, they break the ground and begin to produce fruiting bodies.

The tuber, referred to as sclerotium, is the form the mushroom uses to hibernate in order to survive the harsh conditions of the dry season. In our folklores, it is believed that for the native doctor to see the future, he will have to make a paste of the tuber, and rub his eyes and he will see visions.) Other edible species are: Lentinus squarrosulus, Auricularia auricula, Lepiota sp, Termitomyces spp, Volvoriella esculenta, Lycoperdon spp among others.

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Unemployment Rate in Nigeria Climbs to 8.5%

image

Nigeria’s unemployment rate jumped to 7.5 per cent in the first quarter of the year (Q1 2015) compared to 6.4 per cent in the fourth quarter of 2014, according to the National Bureau of Statistics (NBS).

It said the number of unemployed in the labour force increased by 18.43 per cent to 861,110 persons between Q4 2014 and Q1 2015 while the number of underemployed in the labour force declined by 6.46 per cent, thereby reducing the underemployment rate to 16.6 per cent in the period under review compared to 17.9 per cent in the previous quarter.

It noted that in Q1 2015, the labour force population increased to 73.4 million from 72.9million in Q4 2014, representing an increase in the labour force by 0.69 per cent.

The NBS said: “This means 504,596 economically active persons within 1564 entered the labour force i.e. were able and willing and actively looking for work between January 1 and March 31 2015. Within the same period, the total number in full employment (did something for at least 40hours) increased by 0.88 per cent.”

It further stated that 12.2 million Nigerians are said to be underemployed in Q1 2015 compared to 13.1 million persons in Q4 2014.

According to the highlights of the Unemployment and Underemployment Watch for first quarter of 2015 which was released yesterday, the statistical agency said:” There were a total of 17.7 million people between ages 15 and 65 either unemployed or underemployed in the labour force in Q1 2015.

The report said: “The fact that the number of people that became unemployed (861,110 people) in the first quarter 2015 exceed the number of people that entered the labour force within the same period (504,596 persons) is an indication that some persons previously working in full employment lost their jobs while others previously underemployed and doing temporary, or part time work ended whatever they were doing and accordingly now didn’t have anything to do for at least 20 hours a week during the reference period.”

However, it noted that unemployment and underemployment was more pronounced in women than their male counterpart in Q1 2015.

“While 8.9 per cent of women in the labour force (those between 15 and 65 willing, able and actively working or searching for work) were unemployed in Q1 2015, up from 7.5 per cent in Q4 2014, while another 19.6 per cent of women in the labour force were underemployed in Q1 2015. On the other hand, 6.3per cent of males were unemployed in Q1 2015, up from 5.4 per cent in Q4 2014, while another 13.9 per cent of males in the labour force were underemployed,” it added.

Continuing, the NBS said: “The unemployment rate within the review period was highest for those  within the ages of 15 and 24 (13.7per cent in Q1 2015, up from 11.7 per cent in Q4 2014), while the underemployment rate for those within the ages of 15 to 24 was 30.6 per cent. For those in the labour force within the ages of 25 to 34 however, unemployment rose to 8.2 per cent in Q1 2015 from 6.9 per cent in Q4 2014, while underemployment stood at 17.7 per cent in Q1 2015 from 19.0 per cent in Q4 2014.

Accordingly 44.3 per cent of Nigerians in the labour force (not entire population) aged 15 to 24 were either unemployed or underemployed, while another 25.9 per cent aged 25  to 34 were either unemployed or under employed in Q1 2015.”

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Oando Losses N179Billion in 2014.

image

Oando Plc announced a loss after tax of N179 billion for the financial year ended on December 31, 2014. As far I am concerned this is the biggest loses ever in the history of Nigeria

The News Agency of Nigeria reports that this is against the backdrop of a profit after tax of N4.68 billion posted in 2013. This was contained in a statement released by the company in Lagos, a copy of which was obtained by NAN. It said the company recorded a turnover of N424.68 billion compared to N449.87 billion recorded in the corresponding period, 2013.

The statement added the company for the six month ended on June 30 declared revenue of N60.32 billion against N55.67 billion posted in the comparative period in 2014.According to the statement, the loss after tax stands at N34.68 billion in contrast with the profit after tax of N5.74 billion achieved in 2014.

The statement quoted Wale Tinubu, the Group Chief Executive Officer, as saying that the company would bounce back into profitability in 2016. It said the company’s profit after tax numbers were impacted by impairments of N76.9 billion in exploration and production, N16.9 billion in under lift and N7.3 billion foreign exchange losses, among others.

The statement said appropriate consolidation of Oando’s subsidiaries’ accounts and painstaking due diligence undertaken as a result of the magnitude of impairments contributed to the delay in the release of its accounts.
It said: “Upstream players have been forced to record significant reductions in the fair value of their asset portfolios.

“Oando is no exception to this global trend, which has led us to recognise about N76.9 billion of impairment charges in our exploration and production business.”
The statement also said the impairment was due to lower oil prices leading to a reduced valuation of certain exploration and appraisal assets.

It said: “The nature of the business makes us extremely vulnerable to foreign exchange risks as we import in dollar denomination and recover our costs in naira.“The delay of payments of subsidies from the Federal Government has served to increase this vulnerability and led to a realisation of N7.3 billion in foreign exchange losses.”

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Zenith Bank Records N77.2 Billion PAT in Q3 Results

image

Zenith Bank Plc on Friday released its third quarter results, recording a 22.9% increase in Gross Earnings and a N9 billion increase in its Profit After Tax when compared to this same period in 2014. I think the bank is a trail blazers and one to watch out for in the capital market

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

How to Launch a Startup Without the Silicon Valley Hassle

image

In the first six months of 2015, Silicon Valley companies raised over $11 billion through more than 800 different investment deals, according to CB Insights.

As the primary hub for tech startups, aspiring entrepreneurs all dream of making the move out West to rub elbows with angel investors, venture capitalists and future Mark Zuckerbergs. Although the ecosystem is one of the best places to be for tech companies, it is not the only area worth starting a business in. Cities including Denver, Washington, D.C., Austin, Chicago, Salt Lake City and Boston are emerging hubs for startups. Internationally, Berlin, London, Paris and Vancouver are also noteworthy examples. Here in Phoenix, AZ, businesses flourish too.

Despite the fact that most unicorn companies thrive in the Valley, success is possible anywhere. To grow a business outside of Silicon Valley that helps thousands of other businesses or millions of individual consumers.

Prioritize developing people.
In Silicon Valley, startup employees have extremely competitive resumes. An internship at Google can land a recent graduate an excellent job at a company of their choosing before they formally enter the full-time workforce. A diploma from Stanford, too, puts a job candidate at the top of any consideration pile.To build a successful business anywhere in the world, you must prioritize developing the abilities and skills of your workers. The ambitious college dropout you hired to work in client services may actually be fit to lead the whole department one day, if you invest in providing tools and knowledge that help him do his job better.
Be the big fish in a small pond.
Big businesses in small towns have an almost monopoly-like advantage in developing partnerships with local vendors, sourcing talent and currying favor with local government.By supporting the local economy with jobs, entrepreneurs in quiet towns can build brands that every resident admires. Firms that call small cities their home tend to play an integral role in bettering their local community and, in return, have an easier time hiring exceptional employees, obtaining business permits and selling their wares.

Stay cash flow positive and profitable.
One of the traps that new startups fall into is relying on investors to fund operations. For startups outside of Silicon Valley, money is a lot harder to come by. Entrepreneurs, instead, should focus on building businesses that are not cash-intensive. Most new companies should operate on a shoestring budget for a few months until they are cash flow positive. Afterwards, they can use the small profits they generate to reinvest in growth. A new business can thrive anywhere. With enough grit, persistence and know-how, entrepreneurs can strategically leverage local resources to win.

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

What Happened to Whoopi Goldberg? Tv Sweetheart

image

Remember how her charisma  transcended part of the pop culture fabric of the ’90s.
In recent years, Goldberg has become better known as the designated adult on “The View.” She kept the peace when Elizabeth Hasselbeck and Joy Behar were at each other’s throats. She injected common sense and good old-fashioned side-eye when necessary. She has been the constant as the show churns through one ridiculous or ill-fated co-host after another. But in the last six years, Goldberg has ceded ground when it comes to her ability to rise above the show’s reputation for chaos anduninformed opinions.

If there’s anything that’s emblematic of Goldberg’s tattered credibility, it’s the reaction to her recent statements on Viola Davis’s Emmy acceptance speech — in particular a line in which Davis said, “the only thing that separates women of color from anyone else is opportunity.”

[‘You cannot win an Emmy for roles that are simply not there’: Viola Davis on her historic Emmys win]

When BET.com’s Chantal Potter asked, “What are your thoughts on that statement as it relates to your career in particular?,”Goldberg said:

“Well, I’m not sure what it means. Opportunity to do what? Do you know what I mean? I think maybe what she wanted to say she had to couch in that ’cause the truth of the matter is, there’s been plenty of opportunity, you know? I mean, ‘Scandal.’ Let’s just start with that. Kerry Washington is there and she’s working her booty off but they didn’t vote for her. So maybe the question is what do you have to do to get voted on? That’s the thing. It’s not that the opportunity is not there because we’ve had lots of opportunities. But we don’t — if you don’t get the — if you don’t get the pat on the back that says, ‘Yes, it’s okay to hire these women,’ see now, there’ll be more parts, more dramas, cause Viola got an Emmy award. Really, everybody wants an Emmy. The studios, everybody wants the — you know. So they’ll hire more black women.”

It would appear that Goldberg has torched her reputation to the point that when she says something that could be construed as controversial, it simply gets rounded up to Yet Another Crazy Thing that sprung from the mouth of Whoopi Goldberg.

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

See How to Start a Business in Nigeria and Become No 1 in Your Industry

business ssss
Starting a successful business in Nigeria is easy but may pose as difficult, especially if you don’t understand the business topography in Nigeria very well. Are you a Nigerian entrepreneur looking for advice on how to start a business in Nigeria? If you are, then this post is for you. No matter who you are or what your financial capacity may be, there is some business you can start in Nigeria at any level. Even without money, you can still start and grow a successful business here in Nigeria if you are willing to learn about the pros and cons of the business market in Nigeria and the principles of entrepreneurship.
Really, Nigeria is one of the best places to do business in the world in terms of profitability, competitiveness and return on investment. With over 160 million people with reasonable purchasing power which is the highest purchasing power you can get in Africa, Nigeria is considered the top destination in Africa to go to when it comes to business.
Companies that have neglected Nigeria in the past have had to bite their fingers in regret. A good example can be found in the telecommunications industry. Many telecommunication giants neglected the country, coming up with all sorts of negative analysis about how telecommunication business was bound to fail in Nigeria. It took the guts of MTN and Econet who were almost unknown in Africa then to invest in the Nigerian market. As a result, these companies where transformed from obscurity to one of the biggest Telecoms companies in the world through the success they recorded from the Nigerian market alone. Other telecommunication companies like Vodacom that turned their back on the Nigerian market were made to regret their loses. Don’t let that happen to you.
Another point that makes Nigeria one of the best places to do business is this issue of taxation. Though some companies do complain of back handedness and multiple taxation, Nigeria still remains one of the countries in the world with the most considerate taxation policies and ‘not too’ complex regulatory frameworks. If you are thinking of starting a business in the country, you need to understand how business works in Nigeria, the market evaluation, the risks, and the  legal and bureaucratic frameworks involved. This is the purpose of this article; to help you all the way. Enjoy the ride!

Steps to Starting a Business in Nigeria

  1. Procure a good business idea.

Your business idea is the first step towards starting any kind of business anywhere in the world. To successfully start a small business in Nigeria, you must have a good idea. You must have an idea of the business you want to venture into.  In fact, any idea or business opportunity will do; except you are pioneering a new invention. It doesn’t have to be something new; you can even decide to buy a franchise if the capital is on ground. Nigeria has the needed population to absorb any product that is backed by a strong business sense. Ideas most times go together with your passion. If there is something you are passionate about, it should be easy for you to formulate a business idea based on that thing.
According to Ajaero Tony Martins of mytopbusinessideas.com, “A business idea is just another idea. But an idea backed by a strong feasibility, a thorough business plan and a smart business team is no longer an idea. It’s now a solid business opportunity worth pursuing.”  So, a good business idea alone does not guarantee success in business; an average business idea with good business fundamentals does. The world is filled with brilliant “million dollar ideas ” but the world lack seasoned entrepreneurs.businesssss
  1. Get yourself prepared

The second step to starting a business in Nigeria is to adequately prepare yourself. You may think that this is not important but it can be the thin line between success and failure. Running a business on the Nigerian soil is tough but highly rewarding; so to survive, you have to be tougher. Nigeria is a harsh but potential-filled terrain to operate in, that is the reason why you need to be well-grounded to tackle the challenges on ground. You can prepare yourself by attending seminars and workshops on the chosen line of business you wish to venture in and getting all the necessary information about your chosen industry. You can also prepare yourself by accepting the reality that you can fail tomorrow; you can prepare yourself further by increasing your risk bearing capacity. And ultimately, you prepare yourself by making up your mind to succeed despite the odds and competition.
  1. Carry out a feasibility study

The next step to starting a successful business in Nigeria is to do a thorough feasibility study to ascertain the business viability before investing a dime in the business opportunity. This is basically where the failure of most Nigerian entrepreneurs begin.
A lot of people invest in a business idea or opportunity simply because a friend or relative said the business was profitable and they end up being disappointed. Others jump into an industry blindly in reaction to unverified information and end up with bankruptcy. Even though entrepreneurship is all about risk bearing, jumping into an industry without an adequate knowledge of its fundamentals is suicidal.
  1. Write down a good business plan

Proper planning is essential for the success of any business. Develop a robust business plan that includes every aspect of your business and follow it judiciously. Your business plan is especially important because apart from providing you with clear set goals and objectives, it can provide you a reference point to return to at any point in time in your business. A lot of people tend to overlook this very crucial aspect of business start-up without understanding the implications. Just looking at a plan and seeing how far you have come is a great source of motivation to help you carry on. It can help you determine whether you have drifted somehow from your original vision and consequently help you to get back on track. Many Nigerians miss it here. It is estimated that over 85 percent of small business owners in Nigeria operate without business plans. You need to separate yourself from the pack if you are to succeed. Besides, banks don’t loan money to businesses that are operating or that plan to operate without business plans. Even if it is an informal, one page business plan; write it down. Your one page business plan may not get you the bank’s attention but it’s a step forward because it will help you concentrate on fulfilling your business mission achieving the desired goals and objectives.businesshy
  1. Get familiar with the market

This is a very important step. Before jumping into any business or industry; make sure you have thorough understanding about the fundamental metrics of its market. Every business has an inside secret and if you must succeed; you must find that secret. Understand the market of the industry you are going into and you will increase your chances of success.
Ask questions such as: Who are my customers going to be? How would they want to be served? Who are my major competitors? Who is leading the market and what are they doing differently? Do I have a chance for survival? Can you grab some market share in that proposed business industry of yours? These are the questions you must answer before starting any business in any industry in Nigeria.
  1. Secure a good location

Where are you going to locate your business? That should be the next question after you must have become well familiar with the market. Are you going to site your business within your neighborhood or are you going to site your business in an industrial area? Are you going to separate yourself from the crowd by building your own brand in a specially selected location? Or you are going to operate from the centres of trade or commercial places in Nigeria?“If you intend dealing on general merchandise; then you can consider locating your business in districts such as Aba, Yaba, Tradefair, Idumota, Lagos Island, Oshodi, Mile 12, etc. But if you are in a service business or you are building a specialized brand; you can situate in areas such as Ikeja, Allen Avenue, Apapa, VGC, Victoria Island, CMS, Ikoyi, etc. But wherever you choose to situate, make sure you are well prepared to face the challenges of that terrain.” – mytopbusinessideas.com
  1. Register and license your business

Most businesses operate as sole proprietorships in Nigeria and you can choose to go the same way. But if you are truly out to build a successful business that will stand the test of time; I will advice you register a business name or factor it in your cost projections as a short term plan. Don’t forget to obtain the necessary licenses and permits. You can choose between the sole proprietorship; limited liability or public liability form of entity. After choosing your business entity, you can get your business name registered at the Corporate Affairs Commission’s office in Abuja, Alausa Lagos or anywhere else that is nearest to you. It is also advisable to go through a lawyer to avoid unnecessary mistakes. Hire a Lawyer to register your business and carryout other bureaucratic requirements. More so, your Lawyer will help formulate your business policy and operational legal terms.cash money
  1. Source for capital and start-up financing

Before making up your mind to start a business in Nigeria, you should have procured the necessary capital to at least launch the business. Financing a business can often be one of the biggest challenges faced by an entrepreneur anywhere in the world and Nigeria is not an exception. There are a number of ways to source for business start-up capital and it shouldn’t be difficult especially of you are a Nigerian (Nigerians are really innovative people). The truth is that it will mostly depend on the magnitude of the business. If you do not have the start-up cash, you may resort to borrowing either from friends or from the bank (in this regard, you have to be cautious to avoid starting your business on the wrong foot of bad debt). Debt is only good when the money will be invested for cash flow or capital gain.You can also look for levarage. The fastest way to grow in business is to leverage on the structure of well established businesses. So if you want to grow faster; then look for leverage. Leverage apart from getting a bank loan can be in the form of getting credit line from suppliers; striking strategic alliance with a bigger player or getting a contract. No matter what leverage you decide to pursue; go for it.
  1. Start it small

Start the business and start it small. Remember that Rome was not built in a day. After following all the steps above; this is where you get down to the real deal, this is where you start the business. Most people make wonderful plans, do a feasibility research and even raise the needed capital to start the business but for reasons best known to them; they just fail to start. Maybe it’s because of the fear of failure. Not everybody has the guts to start a business, so you need guts. Most can only dream of it but very few dare to take the risk. Are you willing to take the risk and start your own business here in Nigeria? Only you can answer that.Actually, this is where your work as an entrepreneur gets tougher because statistics reveal that 75% of all new businesses started fail in their first five years. And of the 25% that survived; 80% of them will fail in the next five years. It means that about 90% of all businesses started will fail in their first ten years. This statistics may be harsh but it’s the truth in its entirety. Are you prepared to take the risk? If your answer is yes, then start.
If you can make it to this stage, then it’s congratulations because you’ve just started your own small business in Nigeria. You have started the game and you are now willing to be resilient. At this stage, survival is the name of the game. You might take some pounding from stronger competitors; you might make a business mistake or even face intricate business challenges like a change in government policy but don’t give up. Stay strong and fight it through because you can make it to the top just like Aliko Dangote of the Dangote group, Bill Gates of Microsoft Corporation and Steve Jobs of Apple. 
Posted in Business and Investments | Leave a comment

EMIR OF KANO ON THE STATE OF NIGERIA’S ECONOMY

image

The Emir of Kano and former Central Bank of Nigeria governor, Alhaji Muhammadu Sanusi 11 has advised President Muhammadu Buhari to remove the subsidy on fuel if he wants the Nigerian economy to bounce back. 

Sanusi made the suggestion while speaking at the All Africa Business Leaders Award West Africa held in Lagos yesterday, October 23.

According to The Nation, Sanusi opined that Nigeria can no longer afford the many leakages that have affected its economy for a long time.

He said: “In the  first two quarters of this year, this country  spent over 500 billion naira on debt servicing. At end of this year, it will be over 1trillion  which is more than the amount of money budgeted for health, education and defence combined.

“There is no room in the government’s balance sheet for borrowing and spending. We have no option but to block leakages and to stop non-priority expenditures.

“It is for this reason that we cannot afford to spend all our time talking about the past. It is time to look at what we are doing now and ask ourselves if the fiscal stance and monetary stance are the appropriate stances for the situation we are in.

“Does it make sense at this time for the government to continue paying petroleum subsidy? It does not, and we must say it.

“When you need fiscal consolidation, when you cannot borrow, when you are not earning because oil prices are down, you have to shut down, especially those expense lines that have been known historically  to be the sights of those seeking  rent.This fuel subsidy has to go.

The revered traditional ruler also called for the expansion of the country’s tax base and an increase in Value Added Tax.

He said: ”Our tax base has to expand, VAT  have to go up. We can’t continue having an economy where we collect tax from oil  companies, collect tax, maybe, from the telecoms companies, and then 60, 70 per cent of the GDP does not pay taxes. This is something that has to be looked at.

”We are Africa’s biggest oil producer but the biggest export from the United Kingdom to Nigeria is petroleum products. We don’t refine our own crude. We don’t have a petro-chemical industry. We burn our gas and we don’t have enough electricity.

“We produce cotton and import textiles from China. We have a large tomato belt and we import tomato paste. Everywhere you turn…we produce cassava, we don’t produce starch. And what we don’t have we export. It is so bad that we had a military government that conducted free democratic elections in Liberia. We exported democracy when we had a military government.”

Sanusi also asked the federal government  to devalue the naira, adding that Nigeria’s economy is in danger of a long term slump unless the government tackles slowing growth.

“Let’s stop being in denial, we cannot artificially hold up the currency,” he said.

He further said that President Buhari, who is against a weakening of the naira,“needs help on the economy.”

“We are depriving certain key industries of imports, if we have to make a choice between economic growth and a devaluation, my recommendation is that we protect growth.”

“The portfolio flows are gone. Inflation is already upon us. You have fiscal consolidation. It is time to loosen monetary policy. Otherwise we compound an exchange rate crisis for businesses with high borrowing costs and declining demand, ” Sanusi said.

Recall that on October 9, Sanusi and Governor Abdullahi Ganduje of Kano state attended the Global Islamic Economy Summit in Dubai, where over 2000 policymakers, thinkers and business leaders from around the world gathered in the city to take part in the two-day summit hosted by the Dubai Chamber, the Dubai Islamic Economy Development Centre (DIEDC).

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | 1 Comment

Horrible DSTV to Bring Teenage Transgender Show To Your Homes

image

From all indications, it seems that DSTV might be about to bring an American Reality TV series about an 11 year old transgender to  our homes. I Am Jazz is an American reality television series on TLC about a transgender girl (who used to be a boy) called Jazz Jennings. The 11-part series features Jazz and her family “dealing with typical teen drama through the lens of a transgender youth.

Agreed, we’ve kept quiet through one series of ‘I am Cait’ (the transition story of Bruce Jenner to Caitlyn) without calling our NBC to order, what then do we say about this show that would most likely be appealing and very easily accessible to our younger generation? Is this a time to keep quiet or to take action? I have taken the pains to verify from the DSTv Site and indeed, this show will begin to air on October 27th. You can have a peek of what it says on their site here:I join Nigerian parents to PROTEST as DSTV Nigeria plans to air Transgender theme soap opera for children starting Oct 27 2015:

DSTV has been airing an advert for “I am Jazz” on their TLC Channel 172 which is set to start showing on DSTV in Nigeria Oct 27.

The problem is that it is a reality TV series about Jazz, a transgender kid; an 11 year old boy who has “transitioned” into a girl.

You will agree with me that this program is not appropriate viewing for any youth in Nigeria; talk less of our young children.

Please let’s stand up to protect our children and the moral fibre of this country.

Join in this protest by sending an email to the National Broadcasting Commission atinfo@nbc.gov.ng and complain on their websitehttp://nbc.gov.ng
It’s time to take a stand people, this has little to do with parental controls on the remote controls because one day, even that could fail us and then what are we left with? Engage the NBC. If they can ban Nigerian Musical Videos, they need to take a position on this too.

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | 2 Comments

Aliko Dangote Untold Story

image

Guys I just had to write this is breath taking

Aliko Dangote was born into a wealthy home in Kano. He got his first degree in Cairo, Egypt. He had always loved trading , and reports say he hawked sweets even as a primary school child , even though his family was wealthy. Dangote is really a very humble person even by the confessions of people who have interacted with him.
But Dangote is not the only hardworking Nigerian. He is not the only humble person around . He is probably not the most business savvy in Africa. But he is certainly the richest Blackman in the world . His companies employ over 11 , 000 people directly – not to mention , distributors, contractors and other vendors who depend on his businesses to thrive . Dangote is a blessing to humanity.
There is no family in Nigeria today that does not have a Dangote product in their home. If it is not sugar, then it is salt or the house you are living in was built with a Dangote Cement . Everyone has something to do with his business , so like Job he earns a little off everyone and that is the way to get wealthy.
Dangote is the 23 rd richest person in the world and is said to be the second most powerful African alive . The question is how did Dangote attain such a height ? Yes, you can’ t take away his hard work and business acumen, but that is only the starting point. The answer will not be found in the Forbes Magazine or on Wikipedia. The answer is in the verse of scripture quoted above : If you are willing and obedient you will eat the good of the land .
Sometime in the early 90 s Dangote had an encounter that set his foot on the path of destiny. Archbishop Benson Idahosa had some guests who needed to travel back urgently from Benin to Lagos to catch up their flight to the US . Unfortunately by the time the Archbishop took his guests to the airport they were told that the last flight for the day was overbooked and not a single seat was available. As a matter of fact , the passengers have boarded and were about to take off. Idahosa asked for the plane to be delayed a few minutes and walked to the tarmac where he was allowed to address the passengers. He pleaded with them about the desperate situation of his guests and asked that two persons should donate their seats for his guests to get to Lagos .
Everyone in that plane was a Christian . Not one of them batted an eyelid. Some pretended to be asleep, some pretended to be praying and the man of God stood waiting . From the back of the plane , a young man asked the person sitting next to him to get up and together they vacated their seat for the American visitors. Idahosa stopped him in the aisle of the plane and asked , “ Youngman , what is your name and what do you do ?” “ My name is Dangote , Aliko Dangote and this is my assistant . I am a trader, a businessman .”
It was there and then, that Papa Idahosa prophesied to him that “ the World will get up for you”. He prayed that God should take his business beyond Africa and bless him beyond measure . Today God has answered that prayer . God destined that blessing for someone seated in that plane that evening. But there was a condition attached to it – Isa 1 :19 If you will only let me help you, if you will only obey , then I will make you rich! Dangote ’ s wealth today was not meant for a  businessman who was too proud, too fixated in his mind to offer the “flamboyant man of God”, the “prosperity preacher” his seat .
My question is, if you were there on that plane , would you have taken the blessing?
Enjoy your day.
Nothing in life is worth fighting for. Your best clothes is someone’s rag,your account balance is someone’s donation at a function, your girl friend/boy friend or fiance/fiancee’ is someone’s Ex. Every single prostitute you see in a hotel or on the street at night was at some point in time a virgin. So what is the squabble all about? Life is too small to feel bigger or better than anybody. We’re all naked to death says Steve Jobs.  Nothing can save us from it. I hate to see people who Brag about wealth, beauty, intelligence, level of education, fame and material possessions. There’s nothing you’ve achieved in life that no one else has never gotten. There’s only one thing that is worth bragging which is “BELIEVE  IN GOD ALMIGHTY”. SO BE GOOD TO YOUR FELLOW MAN AND ALWAYS MAKE FRIENDS. Always remember that the people you trampled upon on your way up a ladder will be the same set of people you’re likely to pass on your way down, so cause no problem for others because if you do, they’ll become your very problem one day. Finally, even banana stems will one day become dried leaves. Pls don’t be selfish , pass on to friends as we’re all in one way or the other guilty.
If one day you feel like crying, call me. I don’t promise to make you laugh but I can cry with you.
If one day you want to run away don’t be afraid to call me. I promise to be there running beside you.
But if one day you call me and there’s no answer, come to me, perhaps One day, one of us will not be here and then it’ll be too late to say I care. Tears may flow, but I will be long gone. So, tell it to everyone you care for- like I just did!

Subscribe for RSS feeds & follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Information Blog in Africa,
For daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo,
Connect with me on- LinkedIn-udeozochibuzo
Check me out on instagram udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | 1 Comment

Wedding Planning Industry is Big Business in Nigeria

image

Many event planners that come to Nigeria are surprised that entrepreneurs manage to pull off such extravagant events, with such few resources.

Funke Bucknor-Obruthe, CEO of Zapphaire Events, believes that Nigeria’s million-dollar wedding industry is booming because the people love to celebrate, and often try to outshine others.

In a chat with CNBC Africa, Bucknor-Obruthe said: “People spend money because they want to celebrate and, sometimes, people want their event to be the best. They want it to better than the next person’s so they won’t spare any expense to do whatever they need to do to get it done.”

She added that while celebrations abroad may last for 4 or 5 hours, Nigerian parties can go on for as long as 10 hours on average or even go on all day.

The growth of the wedding industry has also created many jobs and contributed to the economy as well.

“About 12 years ago, this industry didn’t really exist,” said Bucknor-Obruthe, “now there are so many people – make-up artists, hair stylists, designers, decorators and engineers”.

She also said that she would like to see more support in the industry from the government.

“Government is trying but they haven’t really done much on it because they’re concentrating more on Nollywood. But, the events and wedding industry is a really large market and I think they need to look more into it.”

Bucknor-Obruthe added that many event planners that come to Nigeria are surprised that they manage to pull off such extravagant events, with such few resources.

“We do not have as many resources as they do, we still have to bring in a lot of things from abroad and we still get it done,” she said.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa, for daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly. RSS feed
BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | 1 Comment

US president Fears That Africa Can’t Beat Boko Haram on its own

image

President Barack Obama told Congress on Friday that he will send 300 US troops to Cameroon. The troops will play a non-combat role in the war against Boko Haram. That war is currently led by a coalition of Nigeria and its African neighbors: Cameroon, Benin, Chad, and Niger.

The US troops will provide “airborne intelligence, surveillance and reconnaissance” to the African nations as part of a larger effort by the US to support fighting against the extreme Islamist insurgency. American drones will also be used to help Nigeria with one of the most expensive aspects of the mission, airborne reconnaissance.

Obama worries that, without US support, Nigeria and its African partners will be unable to beat back the insurgents. The Nigerian military has fought Boko Haram since 2009, and in recent years the government’s ineffectiveness has becomeapparent, as the insurgent group continues to execute high-profile attacks.

Boko Haram has, so far, repelled Nigeria’s government from a large, rural swath in the north and reportedly controls about 20% of the country. The group has also expanded its attacks to neighboring Cameroon, Chad, and Niger. The fighting has displaced 1.1 million people and killed tens of thousands. This has continued despite a cross-border offensive by the coalition of Nigeria’s neighbors, which began earlier this year.

Obama fears that, if Boko Haram continues increasing in strength, it could threaten the stability of Nigeria, Africa’s biggest national economy and a valuable US trading partner. Should the insurgency gain direct control of more Nigerian oil, it could grow even stronger, much like ISIS has in Iraq and Syria. Indeed, Boko Haram has formally made an alliance with ISIS and, like the group fighting in the Middle East, has declared itself a Muslimcaliphate.

Meanwhile, the fall in oil prices this year has only added to Nigeria’s compromised status. Nigerian oil provides about three-quarters of government revenues and is crucial for the overall national economy. Should oil prices remain low, Nigeria will be severely handicapped in the war against Boko Haram.

By placing US troops on the ground near Nigeria, though in a non-combat role, Obama wants to ensure that drones and other sensitive US military technology are not misused. International groups have accused Nigeria’s military of corruption and human rights violations. Obama fears that providing lethal aid to Nigeria’s military, without oversight, might further contribute to Nigeria’s corruption and mistreatment of civilians.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa, for daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly. RSS feed
BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | 1 Comment

How to Start a Clothing Line and Market it in Nigeria Pt 2

image

Step 6
Secure the permits and licenses needed in your area to start your clothing line. For instance, if you launched your line in Houston, Texas, you would need a sales and use tax permit, assumed name certificate from Harris county, and an employer identification number (EIN) from the Internal Revenue Service (IRS). Contact your local Small Business Administration (SBA) office or small business development center to find out what is required in your area.

Step 7
Compile a contact list of fashion buyers, media editors, merchandisers, boutique owners and clothing distributors in your area. These will be the people to whom you send invitations for your shows, as well as your line sheets, look-book and press releases.

Step 8
Make prototypes of each piece from your first collection, or have a seamstress sew the clothes for you. Take photos of each piece on a mannequin or a model; this will be your portfolio, and the images will also be used for other marketing purposes.

Step 9
Develop a look-book and line sheets for your collection. A look-book is a physical or online portfolio of each piece from your current collection. A line sheet should contain photos of each piece from your collection, as well as wholesale pricing, fabric content and sizing information.

Step 10
Produce a fashion show, and invite the people on your contact list, as well as local college and university students, local media outlets and the public. If you plan to charge admission to your show, offer an incentive for people to attend, such as a live performance from a local music artist or dance troupe, free appetizers or an after-party.

Step 11
Send press releases to the fashion editors, buyers and boutique owners on your contact list, as well as online, radio, print and television media outlets that cover up-and-coming fashion designers. If you do not know how to properly write and format a press release, hire a freelance publicist or writer to develop one for you.

Step 12
Promote your clothing line by launching a website or blog, which can also serve as an e-commerce platform, holding trunk shows or joining a network such as the American Apparel and Footwear Association.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa, for daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly. RSS feed
BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | 1 Comment

How to Start a Clothing Line and Market it in Nigeria Pt 1

image

Many people dream of becoming a famous fashion designer and seeing their clothing showcased on the most prominent and prestigious runways in the world. While fame and fortune may not come to most designers, it is very possible to launch a clothing line that is commercially successful. Starting and marketing a clothing line takes a great amount of time and effort, but it may be the perfect venture for someone passionate about fashion.

Step 1
Write a business plan. In it, analyze your competitors, start-up costs, costs for the first three years of the business, and how you plan to grow and expand your business. For help writing a business plan, contact udeozo chibuzo@Yahoo.com

Step 2
Specialize in a certain type of clothing; this will determine your niche and target market. For instance, you can make toddler, plus size, teen, formal men’s or maternity clothing. Assess your market’s demand for your niche to ensure it’s feasible. For example, a line of organic cotton, custom African native wears  may not be in demand in Minnesota, but they could do well in demand in Lagos, Accra etc.

Step 3
Define your target market after choosing a niche. Consider how the people who purchase your clothes think, their buying habits, demographics and what media they pay attention to. For example, if you decide to launch a line of humorous teeshirts for toddler boys, your target market may be young mothers, likely age 18 to 30, who pay attention to pop culture media outlets, are likely to read parenting magazines and who have disposable income.

Step 4
Obtain the training and educational background needed to design your line. This will depend on your talents and current knowledge. Many designers are self-taught but can benefit from a few business courses, while others have no design, textile or fashion industry knowledge at all. If this is the case for you, enroll in a college or university that offers fashion design courses.

Step 5
Pick a business model for your clothing line. You can either sell it yourself, sell it wholesale-only to retailers, or be a retailer and wholesaler of your clothing line. If you plan to sell your own line, you have the option of opening a brick-and-mortar store or an online storefront.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa, for daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly. RSS feed
BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Do You Want to be Rich & Stay Rich ?

What is the difference between the prosperous rich and those staying in the middle class or broke?

image

It’s not that they lacked tenacity or were lazy.  In fact, some of the hardest working people I’ve ever met used to not make a lot of money.
They just didn’t know the right path to take.
So, what is the right path?

Did you know there are 6 principles that make the difference between getting rich and staying rich?

Live by them and your chances for success are practically guaranteed

Are YOU ready to learn these principles?  Read and follow udeozo chibuzo Blog daily it’s the Biggest Business blog and the fastest growing entrepreneurial Blog in Africa

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa, for daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly. RSS feed
BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

The Politics Of Buhari’s Ministerial List – LEAKED

image

For four months, President Muhammadu Buhari was busy in his one-man conclave spinning an elaborate mystery about the character and quality of people he would nominate into his cabinet.

He stoked expectations, and speculations ran riot in the media and public spaces.

The nation waited impatiently for him to unveil his saintly agents of change. What finally came out, for most Nigerians, did not reflect the “Change” that Buhari promised but a massive “Shortchange”. The president made a big mess of the simple act of eating an egg!

Looking at the names now on the table of the Senate President Bukola Saraki, it is obvious that Buhari could easily have formed his cabinet within a week of his swearing-in. His inner or “kitchen cabinet” is made up of “people he knows”, those who have worked for him over the years when he ran and lost presidential elections. Now is the time for them to reap their “rewards”. The outer cabinet (ministerial nominees) is made up of those who contributed in one form or the other to the victory of the All Progressives Congress (APC) and his own emergence as the president of Nigeria.

The search for ministers was not an act of altruism. It did not put aside political considerations to appoint men, women and youth of impeccable character to give Nigeria a fresh opportunity.

Fresh opportunity

Being a recycled material, he merely went and recycled other materials, including many who played leading roles in what APC likes to call “sixteen years of rot and misrule” by the Peoples Democratic Party (PDP) as National Chairmen, Governors and what have you.

However, in bending to political necessity rather than altruism, Buhari actually did what our highly permissive constitution expects of him. The constitution says that for a person to be a minister he must be qualified to be a member of the House of Representatives. Since independent candidacy is not permitted, it means he or she MUST be a card-carrying member of a political party, especially the party that won the presidential election to govern for four years.

The constitution expects that these politicians coming into the president’s cabinet would go to the various ministries and help the president and the ruling party to implement their manifestos and campaign promises. Based on this, it would have been difficult for Buhari to sideline or sidestep some of the most derided nominees, such as Rotimi Amaechi, Babatunde Fashola, Kayode Fayemi, Chris Ngige, Audu Ogbeh and others.

Amaechi, we must remember, was the Director General of the APC Presidential Campaign. He was a mainstay of the Buhari campaign. He is the biggest factor of APC presence in the South-South, and he is paying for his efforts with the probe he is undergoing under the government of Governor Nyesom Wike, his successor.

Fashola, an estranged scion of the Bola Tinubu political clan, threw himself headlong into the Buhari campaign during which little else happened or mattered in Lagos. Buhari obviously noticed his untrammelled display of direct loyalty (as opposed to coming through Tinubu) and the two clicked at the personal level.

The same goes for Fayemi, a very likeable gentleman and intellectual resource person who, many had believed, could have been the Chief of Staff or Secretary to the Government of the Federation. However, when victory came, people like him were pushed to the background while northerners who were never heard of during the campaigns were brought to fill “97%” of the kitchen cabinet. I had predicted on this forum that this would happen under a President Buhari.

Chris Ngige is a sacrificial lamb of the APC in the South-East. A founding father of the PDP, Ngige was rigged into the office of governor of Anambra State in 2003 by his political godfathers, but when he refused to dance to their tune they humiliated him. He was eventually bundled out of power by the courts, but not before setting an enduring foundation for good governance in Anambra State.

Ngige who narrowly won election for the Action Congress of Nigeria (ACN) to the Senate in 2011 was flushed out in 2015 because his people believed he belonged to “the wrong party”. Besides, not much has been said of Ngige and corruption. He and grandpa Audu Ogbeh (Minister of Communications 38 years ago when the then Senate Leader and Bukola Saraki’s father, Dr. Olusola Saraki, participated in screening him) are among the relatively clean politicians among Buhari’s nominees. Instructively, they were also ranking PDP top shots!

A bold political statement Buhari has made with this exercise is that he is methodically creating a new APC (both party and government) which will reflect his own image and likeness. The days of sitting with Asiwaju Bola Tinubu and sharing power along the CPC/ACN merger terms are over. Tinubu’s vision of power sharing with Buhari was that, at least, he would be allowed to nominate all Buhari’s manpower from the South West and maintain his hard-won political kingdom.

But Buhari ignored him and appointed Tinubu’s rebellious political godsons, Fashola and Fayemi. Tinubu was not even allowed to nominate the minister from Lagos! Sources close to the president disclosed that when Tinubu sent Chief Bisi Akande to find out why his nominees failed to make the list, the president reportedly told him that since he (Tinubu) had already produced Vice President Yemi Osinbajo, Majority Leader of the House of Reps, Femi Gbajabiamila and the nation’s chief taxman, Babatunde Fowler, there was a need to give “other tendencies in the South West” their own share.

Question: who are these “other tendencies in the South West”? The entire South West came into the platform that produced Buhari’s victory through Tinubu’s defunct ACN. Even Governors Abiola Ajimobi of Oyo and Adekunle Amosun of Ogun won their first term elections under Tinubu’s ACN. But Buhari chose to remember that Amosun once contested election under the defunct All Nigerian Peoples Party (ANPP) when he (Buhari) ran for president on its platform. Now, Fashola, Fayemi, and Amosun’s former finance commissioner, Kemi Adeosun, are treated as “other tendencies in the South West”!

The implication is obvious. Even if Buhari is not encouraging Tinubu’s disciples to be rebellious towards him, he is not discouraging them from bringing their loyalties directly to him. As ministers who are independent of Tinubu, Buhari can easily use them to bolster his hold on the APC in Yorubaland and eventually consign Tinubu to increasing political irrelevance.

Political irrelevance

The mergers that put Buhari in power will give way to a new APC created after the image and likeness of the president. APC will thusly cease to be what Lai Mohammed naively described as a party with “many leaders”. Our old question as to whether Buhari will share power with Tinubu will be comprehensively answered.

How will the political “partnership” between the North and South-West, which brought Buhari to power fare henceforth? Will the late Dr. Sam Goomsu Ikoku be proved right, once again? He once postulated thus: “a merger of unequals always results in the tyranny of the major partner: a master-servant relationship”.

Looking ahead, with the profile and character of politicians and individuals heading for Buhari’s cabinet, we are likely to see a lot of scandals. Politicians who funded the president’s campaign and got rewarded with ministerial posts will definitely want to recoup their “investments” and rearm for 2019. In fact, that some of these people with bold question-marks hanging on their heads are selected to be part of a government that purports to fight corruption is already a scandal of its own. Political expediency is already overshadowing Buhari’s avowed war against corruption.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa, for daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly. RSS feed
BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | 1 Comment

BE KIND HEARTED: HELP THE POOR

image

Most times when we walk into big malls, boutiques, supermarkets, we never question their prices. We pay exactly what we see on the price tags and even hand out tips to the staff.
But the moment we are out of these shops and want to buy banana, our bargaining game gets off to the roof. Poor widow with 12 hungry children at home tells you banana is N100. She even takes out her time to explain how difficult it was for her to even buy it, how the economy is so tough.
Some insist that if it’s not N50, we are not paying. Some of us even step back into our cars and make to drive away. But because ‘half bread is better chin chin’, this woman is forced to call you back and sell to you at little or no gain. In her heart, she cries, she’s worried about how she’ll survive with her children. She silently reassures herself that ‘It’s well.
God will definitely provide.”
While you happily chop the luscious banana, Take some seconds out and think about this, guys.
Am always moved to tears when I see people who genuinely and helplessly hawk petty goods to feed and survive for that day, especially women and children.
Please don’t bargain hard with small vendors like this. They do business not to buy designer bags, Gucci shoes and designer clothes but to LIVE and EAT for that day and the children share the remaining money to take to school the next day (that’s if there’s any left).
“He who gives to the poor lends to the LORD his maker”
Let the CHANGE start from you today.
GOD BLESS YOUR KIND HEART

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa, for daily updates
Follow me on Twitter- @udeozochibuzo
Email me udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address on the follow section of this-Blog, you will receive notifications of new posts by email instantly. RSS feed
BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Buhari’s List Of Oil Thieves, And It Will Shock YOU

image

A member of Buhari’s entourage was said to have disclosed this information on Tuesday, July 28, to The Punch. The source added that when the Nigerian leader saw the list provided by the US, he could not believe his eyes.

“I can tell you that the President already has the list of names of the people engaging in the stealing of Nigeria’s oil. The list, when released by the president, will shock Nigerians. But let’s wait and see first.”

Another source from the presidency confirmed the information noting, however, that Buhari “has been keeping the list to himself”.

It was also obtained that there was one list with the names of high-rank Nigerian officials involved in corruption schemes  and the other list with the names of illegal bunkerers. Apart from the government officials, the “oil list” allegedly contains the names of the retired and serving military chiefs.
Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.
BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

http://www.udeozochibuzo.WordPress.com

Posted in Business and Investments | Leave a comment

Four Leverage Secrets for Wealth Creation a Must Read!

blogsHave you ever wondered why it’s easier for people who have money to make more of it? I mean, why is it that the second and the third million are so much easier to earn than the first million? Do you want to know what the biggest difference is between how the wealthy people build wealth and how the poor and middle income people do it? It’s how they use leverage and I’m not just talking about borrowing money. There are at least 4 ways successful investors use leverage.

Let’s look at them……

Firstly there is the leverage that you probably first thought of. One of the biggest differences between how wealthy people and the average investor goes about building wealth isn’t how they invest the money that they have… it’s how they leverage and use the money they don’t have that makes them wealthy. You see…the average investor rarely uses leverage in any focused or strategic way, partly because they are afraid of taking on debt. If they do build any wealth, they do it mostly by scrimping and saving the money they have, and using any “left over” income to slowly build their “nest egg.” On the other hand, the wealthy investor has mastered the art of using money that they don’t have, to build their wealth. They use borrowed money to magnify their investment activities and enjoy enhanced, accelerated returns. They take on more debt and borrow, gear or leverage their assets to own even more assets.

Yet the average investor is frightened of taking on more debt. In fact many believe they must reduce their debt and pay off their home before they start looking at investing.

This is a huge difference in mindset. When you have a more sophisticated understanding of the rules of using leverage, you are able to literally use it to take your wealth building to the next level.
When I look at an investment, I don’t ask myself, “Can I afford this property?” Instead I ask myself, “How can I strategically use leverage to help pay for this investment in a way that enhances my overall return without taking on more risk?”
Leverage, the ability to generate a magnified result from a specific asset, is normally thought of as “borrowing” money. Yet this is only one of the ways you can use leverage to build your wealth. You can also leverage your relationships or your network.

blogssSuccessful investors build a great team around them. They realise they don’t have to be an expert in every field if they develop a good network.

This network includes a good finance broker, a smart solicitor, a property savvy accountant and a knowledgeable property strategist. Successful investors also have one or two mentors and they belong to a mastermind group. This is a group of like-minded people who encourage each other and act as “unreasonable friends” helping each other push forward towards their individual goals. Having a great network around you enables you to leverage off other people’s expertise. I often say “if you are the smartest person in your team you are in trouble.”

How can you leverage your relationships? In this world it’s not what you know and it’s not even who you know… it’s who who you know knows. That wasn’t a typo. Your network of relationships is critical to growing your wealth, not just for what they themselves know, but often for the people they know who could also help you.

Also successful investors have learned how to leverage their time.

Many beginning investors waste so much time trying to do everything themselves. You will find them chasing late rental payments, doing minor maintenance and negotiating rent reviews with their tenants. Successful investors value their time and have learned to leverage their time putting it to its highest and best use. They do this by outsourcing these minor tasks to their property manager and to other contractors.

Instead they use their time to find learn more, develop their relationships or find more deals.One of the greatest points of leverage is leveraging your “mind.” Successful property investors just think differently to the average person. The not so rich have a different way of thinking – a different “reality”. To put it simply your reality is what you think is real in other words your perception is your reality. What stops many people becoming successful investors isn’t what they know or don’t know. It’s what they think they know that isn’t so that stops them moving forward.

They say things like:

• I can’t afford that
• I can’t do that
• I already know that
• That’s wrong
• I tried it once and it didn’t work
• That’s impossible – you can’t do that.

If you want to become truly wealthy you will need to open your mind to new ideas and develop the skills to take on the possibilities greater than your current abilities.
It’s just too hard to become wealthy from a perception or reality (because your thoughts – your perceptions become your reality) of lack and limitation. I remember Robert Kiyosaki saying in one of his Rich Dad Poor Dad books that a cynic’s reality does not let anything new in, while a fool’s reality does not have the ability to keep foolish ideas out. While these four main leverage points can help make you a successful property investor, when you think about it, you have so much more you can leverage.
You can also leverage your skills, your creativity, your intellectual property, your net worth, and your reputation to build wealth. The list goes on and on. Stretch your mind to look for opportunities to leverage in new ways.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.
BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | 1 Comment

Muhammadu Buhari to contest Nigeria election for APC

image

Former military leader Muhammadu Buhari is set to contest Nigeria’s presidential election after winning a primary for the opposition APC.

He will challenge President Goodluck Jonathan – a repeat of the 2011 poll.

The elections in February look to be the closest fought since the end of military rule in 1999.

The 71-year-old former general, a Muslim from the north, seized power in 1983 but was himself deposed in a coup less than two years later.

He was up against four other candidates in the vote at the All Progressives Congress (APC) party convention in Lagos.

In the previous election, Mr Jonathan defeated Mr Buhari, with almost 59% of the vote against 32%, sparking widespread unrest in northern areas which backed Mr Buhari.

More than 500 people were killed and thousands of people were forced from their homes.

Goodluck Jonathan won nearly 22.5 million votes in Nigeria’s previous election

Analysis:
The governing People’s Democratic Party (PDP) has gone for continuity with President Goodluck Jonathan and the current Vice President, Namadi Sambo as his running mate.

The APC’s chosen candidate, Muhammadu Buhari, says the last thing Nigeria needs right now is continuity and he is promising to tackle the country’s insecurity, corruption and economic worries.

The former military ruler has been out of power for close to 30 years and although popular, especially in northern Nigeria, there is little evidence to prove he has what it takes to fix the country.

In Nigeria the running mate is an important part of the team and can help bring in the votes.

But given the country’s regional tensions, the APC needs someone from the south with a track record.

The outgoing governor of Lagos State, Babatunde Fashola, has earned plenty of respect for his reforms in the commercial capital.

As he is a Muslim, like Buhari, this option may not be acceptable even though religion has never been an issue during his tenure in Lagos.
Mr Buhari’s supporters believe the former army general would be better at tackling Boko Haram

Boko Haram insurgency
Mr Buhari won 3,430 votes while his closest rival, former Vice-President Atiku Abubakar, fell far short, with only 954 votes out of 8,000.

Mr Abubakar congratulated his opponent on Twitter after the vote and said: “The delegates have spoken, you fully deserve the victory.”

This will be the fourth time Mr Buhari contests a presidential election – he is yet to win.
The BBC’s Will Ross in Lagos says that this election is likely to be a tight race, especially if the opposition manages to stay united behind one candidate.

Whoever wins the presidency will need to deal with a growing jihadist insurgency in the north and an economy under strain due to the falling oil price.

President Jonathan was the sole candidate at the ruling PDP’s primaries, also on Thursday.

He told his party members that “today we are stronger, bigger and more in tune with the yearnings of our people”.

Mr Jonathan has faced mounting criticism over his handling of the Boko Haram insurgency.

Supporters of Mr Buhari believe that as a former army general, he is better placed to combat the militants.

Mr Buhari’s 20-month tenure as military ruler is remembered for a strict campaign against indiscipline and corruption, as well as allegations of human rights abuses.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Read! Barbaric Techniques The CIA Used to interrogate detainees 

image

Here is a look at some of the techniques the CIA used to interrogate detainees that were included in a Senate Intelligence Committee report released Tuesday.

1. The CIA conducted at least two mock executions — among other techniques that went unreported in the agency’s cables. Others included “nudity, dietary manipulation, exposure to cold temperatures, cold showers,” and rough takedowns.

In another passage, the mock executions are included in a section that also mentions techniques like “placing pressure on a detainee’s artery … blowing cigarette or cigar smoke into a detainee’s face, using cold water to interrogate detainees, and subjecting a detainee to a ‘hard takedown.'”

2. Those “rough” or “hard” takedowns involved CIA officers rushing into a detainee’s cell, stripping him naked and running him up and down a long hall while slapping and punching him. “As they ran him along the corridor, a couple of times he fell and they dragged him through the dirt,” the report says.

3. The CIA often used sleep deprivation, which “involved keeping detainees awake for up to 180 hours, usually standing or in stress positions, at times with their hands shackled above their heads.”

4. The CIA decided that interrogating Abu Zubaydah would take precedence over his medical care. He almost died as a result of waterboarding. In at least one waterboarding session, Abu Zubaydah “became completely unresponsive, with bubbles rising through his open, full mouth.” He remained unresponsive until medical intervention, when he regained consciousness and expelled “copious amounts of liquid.”

5. The first prisoner at the COBALT detention facility, Redha al-Najar, was kept in “isolation in total darkness.” The CIA gave him increasingly worse food, kept him in uncomfortably cold temperatures, kept him shackled and hooded and played music 24 hours a day. He wore a diaper and had no access to toilets. And he was described as being left hanging — with one or both wrists handcuffed to an overhead bar so he couldn’t lower his arms — for 22 hours a day for two straight days in an attempt to “‘break’ his resistance.”

6. The CIA threatened the families of detainees. It used that prisoner’s “fear for the well-being of his family to our benefit,” according to the report, by “using ‘vague threats’ to create a ‘mind virus.'” In another section, the report says “CIA officers also threatened at least three detainees with harm to their families — to include threats to harm the children of a detainee, threats to sexually abuse the mother of a detainee and a threat to ‘cut [a detainee’s] mother’s throat.'”

7. One detainee faced particularly rough treatment in late 2005. Per the report: “According to CIA records, Abu Ja’far al-Iraqi was subjected to nudity, dietary manipulation, insult slaps, abdominal slaps, attention grasps, facial holds, walling, stress positions and water dousing with 44 degree Fahrenheit water for 18 minutes. He was shackled in the standing position for 54 hours as part of sleep deprivation, and experienced swelling in his lower legs requiring blood thinner and spiral ace bandages.

“He was moved to a sitting position, and his sleep deprivation was extended to 78 hours. After the swelling subsided, he was provided with more blood thinner and was returned to the standing position. The sleep deprivation was extended to 102 hours. After four hours of sleep, Abu Ja’far al-Iraqi was subjected to an additional 52 hours of sleep deprivation, after which CIA Headquarters informed interrogators that eight hours was the minimum rest period between sleep deprivation sessions exceeding 48 hours. In addition to the swelling, Abu Ja’far al-Iraqi also experienced an edema on his head due to walling, abrasions on his neck and blisters on his ankles from shackles.”

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Obasanjo Book is Out, Declares President Jonathan Incapable Of Governing Well

image

Obasanjo Book is Out, Declares President Jonathan Incapable Of Governing Well

An attempt by Buruji Kashamu, a close associate of President Goodluck Jonathan, to stop the publication of a three-volume book by former President Obasanjo, appears to have failed as Chat212 FM can confirm that the book has gone into circulation.

A source close to Mr. Obasanjo confirmed to SaharaReporters late last night that copies of the former president’s exhaustive autobiography were already available to buyers in print form.

The source that the book would soon be available in an electronic version that is beyond the jurisdiction of Nigerian courts.

Chat212 Reporters has already obtained and read sections of the book scheduled for formal launch in Nigeria in a few days.

The book, whose three volumes chronicle the life of the controversial former president from birth till this year, aroused political interest after SaharaReporters exclusively reported that Mr. Obasanjo devotes significant pages to paint an unflattering portrait of President Jonathan. We reported that the book characterizes Mr. Jonathan as selfish, weak-willed, callous and incapable of rising to the challenges of running a complex country like Nigeria. Mr. Obasanjo also accuses the president of surrounding himself with aides and political associates with corrupt tendencies.

Mr. Obasanjo’s book dedicates several parts in the book to point out some of Mr. Jonathan’s actions and inactions he considers ill-advised or disastrous for Nigeria. He depicts Mr. Jonathan as a man who has not only destroyed the Peoples Democratic Party but also led Nigeria in dire straights.

The book focuses on several instances of policy somersaults by Mr. Jonathan as well as deliberate actions by the incumbent president that have imperiled Nigeria’s progress in the opinion of Mr. Jonathan.

An Abuja-based lawyer and critic of Mr. Obasanjo accused the former president of seeking to use the book to earn cheap popularity, adding that Mr. Obasanjo cannot get away from responsibility for “sponsoring President Jonathan’s rise to political prominence and the Presidency.”

“We have been saying it from day one that President Goodluck Jonathan does not have the qualities to become a true leader, but we cannot forget that Chief Obasanjo singlehandedly put him and the late President Umaru Yar’Adua in office,” the lawyer said.

Mr. Obasanjo’s book also castigates former President Umaru Yar’Adua, former Vice President Abubakar Aj lookout tiku, and former Governor James Ibori of Delta State, Bukola Saraki, among other political foes.

In the book, the former president also makes an incredible claim that he was never interested in pursuing a third term while in office.

“That is a clear lie,” said Mr. Obasanjo’s critic. “To even deny what is so obvious to every Nigerian shows that Chief Obasanjo has little regard for the truth.”

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

PDP Governors Prostrate For Obasanjo To Support Goodluck Jonathan’s Re-election

image

More than seven Peoples Democratic Party (PDP) governors this morning arrived the Abeokuta, Ogun State, hilltop residence of former President Olusegun Obasanjo to persuade him to work for the re-election of President Goodluck Jonathan in next year’s presidential electiocen Two of the governors, Liyel Imoke of  Cross River State and Emmanuel Uduaghan of Delta State, arrived Obasanjo’s residence at 12.55 p.m. and swiftly moved into the house without any banters with journalists who were there.
The identity of some of the governors could not be confirmed as the registration numbers of their cars were covered.
A close aide of Obasanjo confirmed that all the governors were from the PDP and that they came to persuade Obasanjo not to abandon the party at this crucial moment when his support is highly needed the aide also confirmed that Obasanjo was aware of their coming as he had earlier held a meeting with some of his associates on the visit of the PDP governors.

“Throughout last night Baba Obasanjo met with us to discuss the visit by the PDP governors and the position to take. Baba pointedly told us that he remains a staunch member of PDP and that he was not fighting anybody but cannot accept an indicted fellow to be his leader,”
It was also gathered that the main purpose of the governors’ visit was to persuade Obasanjo to throw his weight behind the reelection of President Jonathan in 2015 and stop giving tacit support to the opposition All Progressives Congress, APC, in its quest to dislodge the ruling party from the centre.

Posted in Business and Investments | Leave a comment

The Girl Child

image

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Richest Woman in Africa Folorunsho Alakija

image

Folorunsho Alakija

Net Worth: $7.3 billion
Industry: Oil and Gas
Country of Citizenship: Nigeria
Age: 63
Number of Jobs Created: 800

Africa’s richest woman and the world’s richest black woman has enjoyed increased recognition since Ventures Africa uncovered her wealth last year. She owns and runs Famfa Oil, a Nigerian oil company that owns a 60-percent stake in OML 127, one of Nigeria’s most prolific oil blocks.

Located in Nigeria’s offshore Agbami deep water field, which is said to contain about 1 billion barrels of oil, OML 127 produces in excess of 200,000 barrels per day. It is widely believed that Alakija’s friendship with Maryam Babangida, the late wife of former Nigerian military dictator General Ibrahim Babangida, played a huge role in her relatively inexpensive acquisition of the oil block back in 1993. Famfa immediately entered into a joint venture agreement with Star Deep Water Petroleum Ltd (a subsidiary of Chevron and Brazil’s Petrobas), ceding a 40-percent stake to the company. Alakija survived an earlier scare over a decade ago when former Nigerian President Obasanjo forcefully acquired a 50-percent stake in her oil block and transferred ownership to the state-owned Nigerian National Petroleum Corporation. Famfa Oil battled the Nigerian government in court for 12 years, eventually winning a reinstatement of her stake in May 2013.

Alakija is also one of the biggest players in the Nigerian and European real estate markets. She purchased four apartments in One Hyde Park, known to be the single most expensive apartment building in the UK, if not the world. Alakija is very vocal about her Christian faith and prefers to focus attention on her philanthropic activities through her Rose of Sharon Foundation, which seeks to empower widows and orphans. She is also the vice chairman of Nigeria’s National Heritage Council and Endowment for the Arts. The council, chaired by fellow Nigerian billionaire Igho Sanomi, is charged with ensuring the preservation and promotion of Nigerian places and objects of cultural and historical significance.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Dangote Now 23rd Richest Man on Earth

image

NIGERIAN business mogul, Alhaji Aliko Dangote, has retained his position as Africa’s richest man with a $25 billion net worth.

He has held that position for the fourth successive year.

Globally, the influential Forbes Magazine rates him on the list of 25 richest people in the world.

Dangote is ranked 23 up 43rd among the 100 richest persons in the world.

The Nigerian businessman with interests in cement, sugar, beverages and petrochemical is said to be presently the first black man to break into the rank of top 25 richest people in the world.

Mike Adenuga, owner of indigenous telecoms company Globacom, was next to Dangote on the list with a wealth of $4.6 billion, maintaining 325 position in the world, while Folorunsho Alakija, with $2.5 billion, was 687 in the world and Abdulsamad Rabiu ranks 1372 in the world, with $1.2 billion.

Meanwhile, Bill Gates is back on top after a four-year hiatus, reclaiming the title of world’s richest person from telecoms mogul, Carlos Slim Helu of Mexico, who ranked number one for the past four years.

Spanish clothing retailer, Amancio Ortega (best known for the Zara fashion chain) retains the number three spot for the second year in a row, extending his lead over Warren Buffett, who is again number four.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Jonathan Dismiss Scandals to Lead 2015 Election Race

image

Not many presidents could survive the scandals in the oil sector and a wave of cold-blooded killings and kidnappings of civilians by Islamist militants still holding hundreds of schoolgirls after six months.

Nigeria’s president Goodluck Jonathan has not only survived, he will seek reelection in February stronger than ever, after five years in a job no one expected him to get.

Jonathan’s support base within the ruling party is now unchallenged, a rare feat for the often fractious People’s Democratic Party (PDP), while the main opposition APC coalition is split between two contestants for the presidency.

The government announced a ceasefire with the Islamist Boko Haram rebels 10 days ago, ahead of talks in neighboring Chad to secure the release of more than 200 girls seized from Chibok village in April in an abduction that shocked the world.

If the talks are successful it would help the president’s image. But nothing has come of it yet and violence has since surged, with dozens more children kidnapped.

Jonathan has defended his overstretched military’s efforts against a Boko Haram insurgency that has killed thousands. In the case of the failure to free the schoolgirls, he has said any rescue attempt would endanger their lives.

Meanwhile, apart from the security challenges, his government also has been beset by corruption allegations.

A parliamentary report detailed a $6.8 billion fuel subsidy fraud. A government investigation revealed corrupt cut price crude sales to oil majors that cost the treasury billions. And a former central banker has reported that between $10 and billion $20 billion had been diverted by the state oil firm over 18 months between 2012 and last year.

The government pledged to investigate the first two cases and denied the third.

Last month, South Africa froze two payments from the Jonathan administration totaling $15 million that it suspected were for illegal arms deals. Nigeria said the deals were legal.

Yet it is a testament to Nigeria’s complex mix of ethnic rivalry, patronage and intense competition for centralized oil wealth in Africa’s top producer that Jonathan can brush off these various scandals and attract a high level of support.

WEAKER OPPOSITION

Jonathan, a Christian southerner, was an accidental president, taking over in 2009 after President Umaru Yar’adua, a Muslim from the north, died from illness.

When Jonathan was elected to his own term in 2011, many in the north resented his decision to run, believing he had torn up an unwritten rule that power should rotate between mainly Muslim north and mainly Christian south every two terms.

Former military ruler Muhammadu Buhari, who lost to Jonathan in 2011, and defected PDP ex-vice president Atiku Abubakar are vying for the opposition APC ticket. Both launched bids in the past month, focusing on security and graft.

Roddy Barclay, senior Africa analyst at Control Risks, a political risk consultancy, sees two “principle factors for Jonathan’s robust position in spite of the scandals and failings which have rocked his government”.

“Firstly, the primacy of money and patronage in determining electoral outcomes in Nigeria,” means an incumbent gets a huge advantage, and second, “the opposition lacks steadfast unity”.

That marks a big change from less than a year ago. In December it was the PDP that was in crisis. Thirty seven lawmakers defected to the APC that month, demolishing the PDP’s lower house majority. Rotimi Amaechi, powerful governor of the oil hub state of Rivers, also defected.

image

The same month, Jonathan’s mentor and PDP Godfather, ex-president Olusegun Obasanjo, wrote a scathing letter saying it would be “fatally morally flawed” for Jonathan to seek re-election in 2015 because of corruption under his rule. Jonathan called the intervention “unjustifiable and indecorous”.

Ten months on and the APC has failed to capitalize. It has not agreed on a presidential candidate and several disillusioned APC figures have flipped to the PDP, underscoring the fluid nature of Nigerian party politics.

They include popular two-term ex-governor of Kano state Ibrahim Shakarau, a Buhari rival, and former anti-corruption chief Nuhu Ribadu, denying the APC a strong anti-graft platform, although Buhari still has strong anti-corruption credentials.

“MODEST EXPECTATIONS”

In June, the APC then lost a governorship election in southwestern Ekiti state to the ruling party.

“The opposition is cannibalizing itself. Its top elites are vying against one another. That’s a glide path for President Jonathan,” said Eurasia Group’s Philippe de Pontet.

“Had the APC sustained its momentum from 5-6 months ago … we’d be in a different world.”

On Dec 2, the dynamic could shift when the party picks its candidate. Buhari earned a reputation for cracking down on corruption during his time in power in 1983-85, and most Nigerians agree he did not use the post to enrich himself, but it is not clear whether he would win votes from APC supporters in the south.

The emotional conflict felt by Barrister Isaac Matthew illustrates Jonathan’s staying power.

Driven by the plight of the schoolgirls to leave a court case he was defending to join protesters demanding more action to rescue them, he says Jonathan bears ultimate responsibility since “leaders are supposed to protect their people”.

“I’m still probably going to vote for him,” he said, citing Jonathan’s concentration on power reform and some works Matthew said had greatly improved the road network.

image

“The opposition has no credible candidate to stand against him. Not Atiku (Abubakar) and not Buhari.”

The power sector is under improvement, but that may not draw votes since the supply in one of the world’s most electricity-starved countries has fallen in the short term.

Many voters are likely to see the Boko Haram insurgency, which only affects the remote northeast apart from occasional bomb attacks in the capital or other cities, as just one problem in their large, diverse country.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Yam Business in Nigeria a Money Spinner

image

Nigeria is by far the world’s largest producer of yams, accounting for over 70–76 percent of the world production. According to the Food and Agricultural Organization report, in 1985, Nigeria produced 18.3 million tonnes of yam from 1.5 million hectares, representing 73.8 percent of total yam production in Africa According to 2008 figures, yam production in Nigeria has nearly doubled since 1985, with Nigeria producing 35.017 million metric tonnes with value equivalent of US$5.654 billion.In perspective, the world’s second and third largest producers of yams, Côte d’Ivoire and Ghana, only produced 6.9 and 4.8 tonnes of yams in 2008 respectively.

yam exportAccording to the International Institute of Tropical Agriculture, Nigeria accounted for about 70 percent of the world production amounting to 17 million tonnes from land area 2,837,000 hectares under yam cultivation.Yam, a tropical crop in the genus Dioscorea, has as many as 600 species out of which six are economically important staple species. yamkiojhh

image

These are: Dioscorea rotundata (white guinea yam), Dioscorea alata (yellow yam), Dioscorea bulbifera (aerial yam), Dioscorea esculant (Chinese yam) and Dioscorea dumetorum (trifoliate yam). Out of these, Dioscorea rotundata (white yam) and Dioscorea alata (water yam) are the most common species in Nigeria. Yams are grown in the coastal region in rain forests, wood savanna and southern savanna habitats. You can start you a yam business with less than N200, 000. With yam you can’t go wrong, it generally eaten by all tribe in Nigeria.  yammhay

image

Going into yam business is one of the best business you can go into, for example you can buy in bulk and supply, all you need to do is source for major suppliers, buy from them (this supplier are mainly found in the villages) and supply to retailer, you need only N200,000 to commence this business. Do you know that the production of yam in Nigeria is substantially short and cannot meet the growing demand at its present level of use?  Yam has an important social status in gatherings and religious functions as well, imagine the amount of cash you will be racking in for yourself, owning your very own yam business.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

See Top Businesses You Can Invest in and Make Millions Pt 1

image

Are you thinking of Investing in Nigeria but don’t know where to start from or which business to invest your money into? Here are top 20 most lucrative businesses in Nigeria you can invest your money and be sure of making millions back in no time.

1. Poultry Farming – This business is making average Nigerians rich. It is so lucrative that even outsiders are coming in to invest in poultry farming the business in Nigeria. And why not, In a country of more than 150 million people, what would you expect? If you start with 1,000 birds and manage your poultry farm properly, when the turnover on investment begins to come, you will be making up to N30 million annually.

2. Cassava Production – People are beginning to turn their attention to this aspect of farming in Nigeria that have been neglected for years. Cassava derived foods are some of the most consumed in Nigeria. If you can invest in cultivating 50 – 100 Acre in a fertile area like Ondo State, your harvest will be great.

3. Import Used Cloth – Tokunbo market in Nigeria is very big and many people prefer to buy used items that are high quality than buy fakes.The cost of buying and importing used cloths is low compared to the prices in the market here in Nigeria, guarantying good turn over on investment.

4. Sale of Furniture – Buying and selling of Locally make furniture is a goldmine. You don’t need to be a carpenter to do this, just arrange for regular supply from reliable Carpenters while you display and sale in your showroom. It is a very big business in Nigeria as only few can afford the imported designers.

5. Snail Rearing – Snail farming is one of the choice Animal farming for many reasons. It is a low capital investment with high yield and the market is big. There are few people currently doing this – and most of them are doing it in a very low scale. If someone invest heavily in Snail farming, he is sure to make good money in Millions within a year.

6. Rice Farming – Rice remains the most consumed food staple in Nigeria and Billions of dollars goes into importation of this product yearly from China and Thailand because the local farmer are unable to meet up the demand due to poor funding and limited knowledge. Anyone who have a million dollar to invest should get in touch and partner with me with 100% return. $1,000,000 = $2,000,000 guaranteed

7. Making of Fruit Juice – Nigerians drink fruit juice more than any other people. That’s why companies like La Carcella and Chivita who came into the country as nobody are today making billions of naira annually. This business in capital intensive but if you can afford it, it’s well worth it.

8. Pure Water Production – You know how popular this is in Nigeria and how many that are dispensed daily. Though this business is capital intensive but well worth investing into, especially if you can manage it properly with professionalism.

9. Oil and Gas Business – We are blessed and cursed with huge deposit of oil in our land which presents some of the finest business opportunity for Nigerians and Foreigners over the years. Owning a Petrol Filling Station, Supplying of Diesel, and Distribution of Kerosene are some the areas you can invest easily and make good money for yourself.

10. Haulage Services –  The cost of taking a truck from one place to the other in Nigeria is between N20,000 to N200,000 per trip. Due to poor rail transport system, most of the Nigerian goods are transported through the road, making haulage business in Nigeria a viable one.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | 2 Comments

President Goodluck Jonathan 6th Richest African President or Not?

image

President Goodluck Jonathan has threatened to sue an online website, RichestLifestyle.com  and other publications that claimed he is the sixth richest African President with a net worth of $100 million dollars.

In a statement yesterday, the Special Adviser to the President on Media and Publicity, Dr Reuben Abati said President Jonathan has never been a businessman and all his income since 1999 till date has been from the emoluments he earned from the offices he has held.

According to Dr Abati, the “the totally unwarranted inclusion of President Jonathan in the publication titled “Africa’s Richest Presidents 2014″ is another attempt to unjustifiably portray the President as a corrupt leader and incite public disaffection against him”.

He said that “there has been no significant variation in the totality of his personal assets as contained in his last declaration to the Nigerian Code of Conduct Bureau in 2011 which, as can be verified, was a very, very far cry from the $100 million figure now being bandied about by Richest Lifestyle.com and other irresponsible, copy-cat publications”.

The statement reads: “We have noted with consternation the listing of President  Goodluck Ebele Jonathan by a website – RichestLifestyle.com – as the sixth richest African President with an estimated net worth of $100 million U.S. Dollars.

“The Presidency condemns the totally unwarranted inclusion of President Jonathan in the publication titled “Africa’s Richest Presidents 2014″ as another attempt to unjustifiably portray the President as a corrupt leader and incite public disaffection against him.

“We categorically assert that there is no factual basis for ranking President Jonathan as the sixth richest African Head of State with a net worth of about $100 million U.S. Dollars.

“As is well known, President Jonathan has never been a businessman or entrepreneur, but a life-long public servant. The President has held public office since 1999 and has regularly declared his assets as required by Nigerian laws. He has had no personal income since 1999 other than his official remuneration as deputy governor, governor, vice president, acting president and president which are matters of public record.

“The   clear and unacceptable imputation of the claim that President Jonathan is now worth about $100 million is that the President has corruptly enriched himself while in office which is certainly not the case.

“We therefore demand a retraction and an unreserved apology from Richest Lifestyle.com and all those who have reproduced the offensive article.

“Otherwise, they should be prepared to substantiate their libelous claims against the President in courts of law within and outside Nigeria”.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Oscar Pictorius Sentenced to Five Years in Prison

image

A South African court has sentenced Oscar Pistorius to five years in jail. The paralympic runner was convicted of culpable homicide for shooting his girlfriend Reeva Steenkamp. Judge Thokozile Masipa, issuing the ruling in court in Pretoria, also gave Pistorius a three-year suspended sentence for a firearms charge. The prosecution had called for a minimum 10-year sentence, while the defence for community service and house arrest. Pistorius was convicted of culpable homicide but cleared of murder. Judge Masipa began reading the sentence by saying that, although she had been aided by assessors, the decision was hers and hers alone. She said: “Sentencing is about achieving the right balance. Sentencing is not a perfect exercise.” She said there must be a balance between retribution, deterrence and rehabilitation. The judge then summarised the evidence brought before the trial.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

How Nigeria Defeated Ebola

image

Ninety three days after the American Liberia Patrick Sawyer imported the Ebola Virus Disease, EVD into Nigeria, the nation is officially Ebola-free.

Announcing the declaration yesterday, the World Health Organisation said 42 days had passed since the nation last reported a case. By the time the last case was reported on September 5, 2014, Nigeria had recorded 19 cases with eight deaths and 11 survivors.

Findings by Good Health Weekly, revealed that early preparation, proper coordination and a unified response and implementation plan, were crucial to the nation’s success in winning the war.

In what was described as by the WHO as “world-class epidemiological detective work”, Nigeria’s immediate and rapid response to the Ebola threat was triggered off with identification of the index (first case), Patrick Sawyer, and subsequent isolation at the First Consultant Medical Centre, Obalende in Lagos.

Public health emergency

image

First was the declaration of the Ebola out break as a public health emergency in the country. As a follow up, the Federal government through the Federal Ministry of Health, and in collaboration with the Lagos State government, set up an effective overall coordinating Ebola Emergency Operations Centre, EOC.

The response team comprised of the FMOH, WHO, the Centers for Disease Control and Prevention, and Medecins Sans Frontières (Doctors Without Borders). private companies, UNICEF, and the Lagos state and Rivers State health ministries, among others.

The training of local doctors and other responders was carried out with despatch even as adverts and requests for qualified medical staff were issued regularly to the public. Each suspected Ebola case was thoroughly investigated and treated on merit.

A robust contact tracing system in Lagos and Port Harcourt ensured that virtually every contact of all reported Ebola cases was identified, tracked down and closely monitored. The dedicated follow-up, supervision and regulated public enlightenment mechanism was deployed to manage the panic caused by the Ebola outbreak.

Managing the public fear and anxiety was one of the main challenges of the response, especially as it was the first time Nigerians were witnessing such outbreak

Sustained social mobilisation on the warning signs and prevention methods in the form of social-media messages, were deployed to improve education and awareness and also to demystify the myths surrounding Ebola.

There was heightened vigilance and screening at the nation’s borders which were kept open but screening of inbound and outbound passengers was stepped up significantly, even as preparations were being made to increase facility and manpower capacity in the event of more patients.

Reacting to the declaration of Nigeria as Ebola free nation, President, Association of General Private Medical Practitioners of Nigeria, AGPMPN, Dr. Anthony Omolola said it was welcome.

“WHO declaration is a welcome development for our country and it shows that when we are committed to doing anything we can do it well. Our effort in curtaining Ebola has remain a sample to the world. We need to commend all the health workers, the government in the manner in which the situation was reacted to and also the media need to be commended for their enlightenment role and dissemination of information at appropriate time.

“As the WHO is declaring us free, we should not forget those that had sacrificed their lives in ensuring that the country did not experience greater calamity,” he pointed out.

Corroborating their views, Immediate Past President, Nigeria Medical Association, NMA, Dr Osahon Enabulele, said: “This shows that if the right support is given to the health sector and the players who are responsible for leadership play their part, Nigeria can begin to make move towards strengthening our healthcare system and all other countries are now learning from Nigeria’s experience, which shows that there are actually potentials that can be explore if there are some level of sincerity and leadership commitment. So the development is laudable and I think Nigeria can begin to look at other areas of healthcare and not just be responding to crisis situation alone.”

image

Also speaking on the development, President of the Pharmaceutical Society of Nigeria, PSN, Pharm Olumide Akintayo said it was well deserved but cautioned against the country resting on its oars. “For once, response was very prompt and highly commendable. I have no doubt that this is recognition is merited but it is not time to go and sleep.

We must continue to put on the table, the finest tenets of professionalism.”“Akintayo who worried over the porous nature of the nation’s borders called for even greater alertness. “Let us give kudos to the Federal government and the Lagos State government. However, we must continue our surveillance and monitor people coming in from the endemic zones, namely Sierra Leone and Liberia to a large extent.”

The Immediate Past Deputy President, National Association of Nigerian Nurses and Midwives, NANNM, Comrade Rasheed Tonade noted that for WHO to say Nigeria is Ebola free, judging from the fact that there has not been any case of Ebola in the last three weeks was a welcome development.   “I can agree to it because available statistics have proven that.

There is nothing like Ebola now in Nigeria.  We are only hearing about Ebola in US.  I believe Nigeria should be declared Ebola free.  We are up to the task but we should expand our treatment strategies to forestall future occurrence or outbreak as a nation. Our seaports and airports and other borders should be regularly and effectively monitored not only for Ebola but for other diseases that people may bring in from either land borders or any other border.”

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

Plant, Grow, Cultivation Moringa – Easy Instructions

image

1. Find a sunny place.

2. Make square holes in the ground 30 to 60 cm deep

3. Fill the hole with loose ground

4. Plant the seed 1 cm deep

5.Give the ground some water but not too much, otherwise the seed may rotten.

6. Within 1-2 weeks the Miracle springs out the ground!

Moringa Plant, Grow, Cultivation – Expert

Moringa oleifera is believed to be native to sub-Himalayan tracts of northern India but is now found worldwide in the tropics and sub-tropics. It grows best in direct sunlight under 500 meters altitude. It tolerates a wide range of soil conditions, but prefers a neutral to slightly acidic (pH. 6.3-7.0), well-drained sandy or loamy soil. Minimum annual rainfall requirements are estimated at 250mm with maximum at over 3,000mm, but in waterlogged soil the roots have a tendency to rot. (In areas with heavy rainfall, trees can be planted on small hills to encourage water run-off). Presence of a long taproot makes it resistant to periods of drought. Trees can be easily grown from seed or from cuttings. Temperature ranges are 25-35 degrees Celsius (0-95 degrees Fahrenheit), but the tree will tolerate up to 48 degrees in the shade and it can survive a light frost.

Moringa seeds have no dormancy period, so they can be planted as soon as they are mature and they will retain the ability to germinate for up to one year. Older seeds woll only have spotty germination. Moringa trees will flower and fruit annually and in some regions twice annually. During its first year, a Moringa tree will grow up to five meters in height and produce flowers and fruit. Left alone, the tree can eventually reach 12 meters in height with a trunk 30cm wide; however, the tree can be annually cut back to one meter from the ground. The tree will quickly recover and produce leaves and pods within easy reach. Within three years a tree will yield 400-600 pods annually and a mature tree can produce up to 1,600 pods. Copicing to the ground is also possible, and will produce a Moringa bush is no main new growth is selected, and the others eliminated.

image

plant grow moringaMoringa Plant, Grow, Cultivation – IN THE NURSERY
Use poly bags with dimensions of about 18cm or 8″ in height and 12cm or 4-5″ in diameter. The soil mixture for the sacks should be light, i.e. 3 parts soil to 1 part sand. Plant two or three seeds in each sack, one to two centimeters deep. Keep moist but not too wet. Germination will occur within 5 to 12 days, depending on the age of the seed and pre-treatment method used. Remove extra seedlings, leaving one in each sack. Seedlings can be out-planted when they are 60-90cm high. When out-planting, cut a hole in the bottom of the sack big enough to allow the roots to emerge. Be sure to retain the soil around the roots of the seedling. To encourage rapid germination, one of three pre-seeding treatments can be employed:
1. Soak the seeds in water overnight before planting.
2. Crack the shells before planting.
3. Remove shells and plant kernels only.

plant grow moringaMoringa Plant, Grow, Cultivation – IN THE FIELD
If planting a large plot it is recommended to first plough the land. Prior to planting a seed or seedling, dig a planting pit about 50cm in depth and the same in width. This planting hole serves to loosen the soil and helps to retain moisten in the root zone, enabling the seedlings’ roots to develop rapidly. Compost or manure at the rate of 5kg per pit can be mixed with the fresh topsoil around the pit and used to fill the pit. Avoid using the soil taken out of the pit for this purpose: fresh topsoil contains beneficial microbes that can promote more effective root growth. The day before out planting, water the filled pits or wait until a good rain before out-planting seedlings. Fill in the hole before transplanting the seedling. In areas of heavy rainfall, the soil can be shaped in the form of a mound to encourage drainage. Do not water heavily for the first few days. If the seedlings fall over, tie them to stick 40cm high for support.

plant grow moringaMoringa Plant, Grow, Cultivation – DIRECT SEEDING
If water is available for irrigation (i.e., in a backyard garden), moringa trees can be seeded directly and grown anytime during the year. Prepare a planting pit first, water, and then fill in the pit with topsoil mixed with compost or manure before planting seeds. In a large field, trees can be seeded directly at the beginning of the wet season.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | Leave a comment

CASHEW NUTS BUSINESS A PROFITABLE RETURN ON INVESTMENT

image

I’ve just created a smoking hot new report that teaches you how to break into this exciting industry. Actually, I should call it a blueprint for success in the Nigeria’s exportation industry, because if you follow it, you’ll skyrocket yourself right past anyone who’s thinking of giving this business a shot.

A lot of Nigerians are making money by providing supportive services to exporters in Nigeria, this special resource package is for cashew nut exportation. You can actually make a lot of money by selling cashew nut to exporters in Nigeria. I have provided the contacts of where you can buy this cashew nut at a ridiculously low price (N95,000 per ton) and sell at a higher price (N125,000 to N150,000). I have provided the contact details of the exporters who are ready to by from you in metric tons all you need to do is to call them and offer them your price and you are on your way to creating unlimited wealth for yourself

Description: Cashew (Anacardium Occidentale L.) is a tree crop of considerable economic importance to Nigeria and other tropical countries. Apart from being a source of useful products and byproducts for food, medicinal and industrial applications, cashew gives also a useful shade, while ornamental and alley trees are suitable for the control of soil erosion, particularly for the protection of watersheds and dams.

image

Harvest: Cashew nut setting begins in the middle of dry season, while harvesting takes place mainly in February or March. The entire harvest period occupies about 16 weeks. In the Eastern and Western parts of the country, where quality cashew nuts are grown, nuts are allowed to drop to the ground before they are collected. This practice ensures that only ripe nuts are collected. Nuts normally fall to the ground with their apples attached; the two are normally separated with a twisting action during collection. The remnants of the apple flash adhering to the nuts are removed with a sharp knife. After picking, the nuts are dried in the sun for 2 to 3 days, to reduce their moisture content to about 12 %.Properly dried nuts are packed in jute bags and can be kept for 6 to 10 months, if stored in suitable condition.

Locations: Major cashew growing areas in Nigeria are, by order of importance: Enugu, Abia, Imo, Anambra, Ebonyi and Cross River States in the eastern part of the country; Oyo, Osun, Ondo, Ekiti and Ogun States in the Western part, as well as Kwara, Kogi, Nassarawa, Benue, Taraba, Niger and FCT in the Middle Belt and also Sokoto and Kebbi States in the North West part of the country. The majority of export quality nuts come from the Western and Eastern parts of the country.

image

Specification: According to SGS (quality inspectors), the standard for raw cashew nuts, unshelled, is specified as follows:

i. Nut count 180-200 per kg

ii. Moisture content 8-10% max

iii. Defective nuts 15% max

iv. Float Rate 18% max

v. Admixture 0.25% max

vi. Foreign matter 0.25% max

vii. KoR, or shelling out-turn 48-50 Ibs/bag.

RAW CASHEW NUTS PRODUCT PROFILES AND RETURN OF INVESTMENTS (ROI)

Uses: The cashew nut is a popular snack, and its rich flavor means that it is often eaten on its own, lightly salted or sugared. In addition to this, cashew nutshell liquid (CNSL), a by-product of processing cashew, is mostly composed of anacardic acids. These acids have been used effectively against tooth abscesses due to their lethality to bacteria.

Export market: The major buyers of cashew nut from Nigeria are mainly India and Singapore. Smaller percentage goes to Europe.

Export price: The export free on board (fob) price of raw cashew nut varies from about USD 500-600/MT. However,when an exporter adds value to this product by processing it into kernels, the fob price could quadruple that of raw cashew nut.

Local price: The local price per metric tonne MT of raw cashew nuts delivered EXW Lagos (delivered in Lagos) varies from NGN70,000.00 during the peak season to about NGN120,000.00 at the off season.

Subscribe for alerts& follow the BIGGEST Business Blog in Nigeria & fastest growing Entrepreneurial/Political blog in Africa daily
Follow me on Twitter- @udeozochibuzo
Email me- udeozochibuzo@yahoo.com
Become My friend on Facebook- udeozochibuzo, Connect with me on- LinkedIn-udeozochibuzo
Watch me on- Youtube-udeozochibuzo Skype with me- udeozochibuzo
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com
You can Follow UC-Blog via Email- Simply enter your email address to follow section of UC-Blog and receive notifications of new posts by email instantly.

BE SOCIAL SHARE THIS POST WITH FAMILY & FRIENDS BY CLICKING ANY OF THE SOCIAL MEDIA ICON BELOW!

Posted in Business and Investments | 6 Comments