WHAT YOU WANT TO HEAR

World Bank Group says it has an investment portfolio of about 8.5 billion dollars scattered across states and regions in Nigeria to support inclusive economic development and youth empowerment.
Mrs Olufunke Olufon, the Senior Communications Officer, World Bank Nigeria, made this known
in a statement on Sunday in Abuja.

She stated that the investments were to assist the 36 states of the federation and the Federal Capital Territory to reduce poverty and foster prosperity for all Nigerians.

She noted that the explanation followed concerns raised by Nigerians over the comment by World Bank President, Mr Jim Yong Kim that President Muhammadu Buhari asked the bank to shift its intervention focus to North Eastern states.

She said that the bank was also working with federal and state governments, as well as
development partners on speedy delivery of critical interventions to people of the North East who urgently needed assistance.

She added that “in 2015, the Government of Nigeria requested World Bank support to respond to the humanitarian and development crisis in the North East of Nigeria."

“To assess the needs of the nearly 15 million people in the region impacted by the crisis, the World Bank Group, the UN and European Union carried out a Recovery and Peace Building Assessment (RPBA)."

“And based on the findings of the assessment, World Bank’s 775 million dollars support to the North East focuses on restoring basic education, health services, agricultural production, and livelihood improvement opportunities.”

Olufon noted that the World Bank Group was doubling its resources to address fragility, conflict and violence at the subnational and national levels and help to stabilise places that were affected by high poverty and influx of people.

The senate has approved $350 million World Bank loan for Ogun State Development Policy Operation (DPO).

The approval followed the presentation of a report on the loan by Shehu Sani, chairman, senate committee on local and foreign debts.

During the plenary session on Thursday, Sani said the committee detected that Ogun state DPO loan budget had been approved by World Bank in 2016.

He added that the loan was also captured in the 2016-2018 borrowing plan, with approvals by the national assembly.

According to him, the committee also observed that the terms of the loan facility were acceptable with low financing interest rate of 125 percent, a five-year moratorium period and a five-year maturity term.

“The facility has already been captured in the 2016-2018 Medium Term Expenditure Framework,” he said.

“It also has low and acceptable loan sustainability level, therefore it is eligible to borrow.”

He explained that the projects to be funded by the facility would facilitate economic growth, increase revenue generation and create employment opportunities in the state.

“The DPO loan will further help to enhance the capacity of the state government,” he said.

“The state has met the various conditions laid by World Bank and as such qualified for the loan.

“It has also put in place institutional framework for transparent and accountable budgetary and financial purpose.”

The question I get most times when I discuss on this topic would be but I’m already above 30, and my response is always then this is 20 things you are long overdue to have done before you become 30.

We would test our financial intelligence with the twenty questions below, and you score yourself a point for every affirmative answer you give, at the​ end you total the numbers of affirmative answers and we can discuss about the results.

Have you discovered your natural abilities?

The first thing you must do before you become 30 is to discover your natural abilities/talents, the discovery on how to contribute to life is what sets you apart.

Have you learnt how to use your gifting to solve problem definitely?

The second thing you must do before turning 30 is to learn how your natural abilities can solve problems definitely, the present of the gifting is not as important as to how the gifting works.

Have you caught an idea of how to make money?

know how people need you, You must Master certain things you can do so very well that it can solve problem for people to the point where they will be willing to pay for it.

Do you have a library?

Before turning 30 years you should have a library; you should owe a minimum of 30 books, read good books.

Are you known for something?

You should be known for a specific thing, write it down, what would you be known for, great men are known for specific thing, have you began working on it, have you started doing something about it.

Do you have a mentor?

A  Japanese adage says: “Better than a thousand days of a diligent search is a day with a great teacher”. You need a mentor over your life. Mentors are people who are already where we hope to be.

Do you have enough savings to last you for 6 months if you lost your job?

Your ability to save enough money to last you for 6 months will give you the leverage to start pursuing your passion.

Do you save money on a regular basis?

Wealth can only increase by your ability to retain it; so you must save on a regular basis, you must make it a habit to always​ pay yourself first.

Do you document your financial goals?

Failure to plan is planning to fail, you can never get to your financial future without a well written plan on how to get there, the more specific your goals are the better, your financial goal should be specific, measurable, achievable and a deadline attached to it.

Do you keep record of your expenses?

Tracking your expenses is one of the key factors in making your budget work for you. If you don’t know how much you spend every month, you can’t plan your financial future properly.

Do you know your present financial net worth?

Until you are aware of your present financial net worth, there is relatively nothing anyone can do to help you.

Are you satisfied with your present state?

The next question after determining your financial net worth would be are you satisfied with it, if you are not, then you should start taking definite steps on how to improve on it.

You should invest money in obtaining financial education?

The best investment anyone can give to himself is self development, until you start investing in financial education, you will always remain at the same level of your present financial state.

Are you building your brand?

If you aren’t working on becoming the top google result when people search for something in relation to your brand, then you are doing something very wrong for your business.

Are you learning how to build a network?

Have you noticed all major businesses in the world have one thing in common- people. You will always need people; you need them to help you produce.

Do you have a small business or website?

With so many resources available on how to turn your passion into a paycheck, you could discover a truly awesome opportunity by putting your interests to work for you.

Have you started doing your dream job (in any way you can)?

A lot of times our 9- to -5 doesn’t quite match up with our dream job situation in our head. But that doesn’t mean we can’t do it in some capacity. If you want to be a fashion designer, then become a contributor to your favourite fashion site. Just because you are not getting paid for it yet doesn’t mean you shouldn’t pursue it.

Do you have a plan for your children’s school?

A major part of our income would go into educating our children, and as the family increases so also the pressure on your income, the ability to save for them will help you handle their education with ease when they start coming.

Do you have a plan to retire in comfort?

Most people would be surprise that one should be planning for his retirement at just 30 years of age, my answer will be yes, start very early to plan your retirement.

Do you have a land in your state of residence or origin?

Another major source where our income goes into would be housing (rent) and if we can solve the challenge of housing/rent, it will go a long way in improving our financial status.

We are not poor because we do not have money; we are poor because we lack financial intelligence.

The Senate has blamed the Central Bank of Nigeria in its investigation of the alleged illegal repatriation of $13.9bn by the telecommunication giant, MTN.

Adopting the report by the Committee on Banking, Insurance and Other Financial Institutions on the probe at the plenary on Wednesday, the Senate accused the CBN of laxity, leading to sharp practices by commercial banks.

The chamber had, in October 2016, begun a probe into the allegation that MTN illegally transferred a total sum of $13.9bn from Nigeria to other countries between 2006 and 2016.

The Senate panel had summoned the CBN, MTN management, the Financial Reporting Council of Nigeria, three commercial banks and some businessmen over alleged violation of the Foreign Exchange (Monitoring and Miscellaneous) Act to a public hearing where they made counter-claims.

The recommendations by the panel were unanimously approved by the lawmakers.

They include, to “condemn the Central Bank of Nigeria for failing in its duty to bring forth those observed deficiencies of FEMMA for amendment rather than granting extensions and exemptions, which became prone to abuses.
“Mandate the CBN to sanction Stanbic IBTC for improper documentations in respect of capital repatriation and loan repayments amounting to $388,195,183 and $199,440,952:07, respectively.

“Mandate the CBN to sanction the activities of Stanbic IBTC Nominees in the matter of shares transfer and splitting for the purpose of dividend repatriation.

“Mandate the CBN to come up with a proposal for the amendment of FEMMA, with a view to ensuring the growth of the economy through massive foreign capital inflow and greater retention of foreign exchange. The amendment is still ongoing in the Senate.

“Direct the CBN to forthwith render periodic status reports to Senate on the performance of foreign investments inflows and outflows.”

In his comment, Senator Dino Melaye (Kogi-West) said the findings by the panel had vindicated the Senate.

US auto stalwart Ford announced on Wednesday a $756 million investment with its Chinese joint venture to produce electric cars, just as US President Donald Trump arrived in Beijing for thorny trade talks.

Ford’s investment with Zotye comes as China has signalled it plans to force gas-guzzling vehicles off the road, though the country has yet to lay out a formal timeline for the new regulations.

China will also impose in 2019 a quota requiring automakers to produce a minimum number of new-energy vehicles.

The two firms confirmed the establishment of the Zotye Ford Automobile Company joint venture, which will will design, build and distribute all-electric passenger vehicles for China, Ford said in a statement.

Ford said Zotye is the market leader in China’s all-electric small vehicle segment, noting that the company has sold 22,500 electric vehicles so far this year. Ford sold more than six million worldwide last year.

Trump, who has pressured US company to repatriate jobs to the United States, will address the US trade deficit with China during talks with President Xi Jinping on Thursday.

Trump and Xi are also expected to oversee the signing of a slew of business deals, a day after $9 billion in agreements were struck between Chinese and US companies.

Peter Fleet, Ford’s Asia-Pacific president, told Bloomberg Television that he will meet Xi and Trump and confirm around $10 billion in exports from the United States to China.

Trump may also address US complaints about intellectual property thefts during his talks with Xi.

Millions of pounds from the private estate of Britain's Queen Elizabeth II have been invested in offshore tax haven funds, a huge new leak of financial documents revealed on Sunday.
Around £10 million ($13 million, €11.3 million) of the Queen's private money was placed in funds held in the Cayman Islands and Bermuda, according to the leaked papers, which were first reported in Britain by the BBC and the Guardian newspaper.

They said the funds reinvested the money in an array of businesses, including controversial rent-to-own retailer, BrightHouse, which has been accused of exploiting the poor, and a chain of alcohol stores which later went bankrupt.

The investments, which were entirely legal, were made through the Duchy of Lancaster, which provides the monarch with an income and handles investments of her vast estate and remain current, the media outlets said.

There is no suggestion that the Queen's private estate acted illegally or failed to pay any taxes due.

But the leaks may raise questions over whether it is appropriate for the British head of state to invest in offshore tax havens.

'One rule for the super-rich'
A spokeswoman for the Duchy of Lancaster said: "All of our investments are fully audited and legitimate."

"We operate a number of investments and a few of these are with overseas funds."

She added: "the Queen voluntarily pays tax on any income she receives from the Duchy."

The spokeswoman noted that one of the fund investments represents only 0.3 percent of the total value of the Duchy.

Meanwhile the money put into BrightHouse "is through a third party", and equates to just 0.0006 percent of the Duchy's value, she added.

The investments emerged as part of a new mass leak -- dubbed the Paradise Papers -- by the US-based International Consortium of Investigative Journalists (ICIJ), which was behind the 2016 Panama Papers release.

The latest haul contains 13.4 million documents mainly from Appleby, an offshore law firm with offices in Bermuda and beyond, which were first obtained by the German newspaper Süddeutsche Zeitung, and shared with the ICIJ and partner media outlets.

A spokesman for the British government's taxation department on Sunday defended its efforts to tackle avoidance, noting it had secured an additional £160 billion ($209 billion, €180 billion) in taxes since 2010.

"This includes more than £2.8 billion from those trying to hide money abroad to avoid paying what they owe," he said in a statement.

The spokesman added the department has 26,000 staff working on tax avoidance and evasion, while the government has provided an extra £800 million ($1 billion, €900 million) to fund their efforts.

Jeremy Corbyn, the left-leaning leader of Britain's opposition Labour Party, reacted to the leaks on Twitter, linking to a video in which he had challenged the government on the issue in Parliament.

"There's one rule for the super-rich and another for the rest when it comes to paying tax," he wrote.

WE WELCOME YOU TO FOODWELL NIGERIA (FIGHTING HUNGER AND GIVING HOPE)
Sign up with N2000 and stock your home with food items.

HOW IT WORKS

You register with a one time payment of N2000
You will also bring 3 people under you, then you receive food items from Grade 1 to Grade 6
All you need is just 3 people

(Grade 1)
Noodles - (1carton)
Rice(5kg) (1 bag)
Eggs - (half crate)
Tomato Paste

(Grade 2)
Rice(5kg) - (1 bag)
Groundnut oil (1 gallon)
Toothpaste
Seasoning
Tomato paste

(Grade 3)
Rice(10kg) - (1 bag)
Groundnut oil (1 gallon)
Tin Tomatoes
Onions
Garri
Salt
Seasoning

(Grade 4)
Rice(10kg) - (1 bag)
Cornflakes
Milk
Eggs(1crate)
Garri
Seasoning
Sugar
Palm oil ( 1 gallon)

( Grade 5)
Rice(25kg) - (1 bag)
Semovita(10kg)
Groundnut oil (1 gallon)
Garri(1/4 bag basin)
Seasoning (2 pkts)
Onions
Salt
Spices ( curry, Time, nutmeg)

(Grade 6)
N50,000 cash transferred to ur account.

With a one time payment of 2000 you are good to go����what are u waiting for��‍♀��‍♀

FOOD-WELL" (fighting hunger and giving hope) You are welcome!!!WE WELCOME YOU TO FOODWELL NIGERIA (FIGHTING HUNGER AND GIVING HOPE)
Sign up with N2000 and stock your home with food items.

The United Bank of Africa, UBA, has issued a ban on the use of its ATM cards for subscribing  to betting, pornographic as well as dating and escort services websites, among others.
The financial institution made this known in a mail sent to its customers titled “we want you to transact safely”.

The bank also noted that customers will no longer be able to use their ATM cards to fund certain lifestyles.

Enter email address...
  Subscribe
UBA Board of directors
UBA Board of directors  (UBA)

The United Bank of Africa, UBA, has issued a ban on the use of its ATM cards for subscribing  to betting, pornographic as well as dating and escort services websites, among others.
The financial institution made this known in a mail sent to its customers titled “we want you to transact safely”.

The bank also noted that customers will no longer be able to use their ATM cards to fund certain lifestyles.

» more UBA customers' debit ATM cards have been restricted from subscribing to porn websites, betting sites and more.  (UBA)
The mail sent to customers on Thursday evening of August 24, 2017 noted that the UBA debit and prepaid cards are now restricted from carrying out such transactions.

The mail reads: “We wish to inform all cardholders that we have placed restrictions on the Bank’s debit and prepaid cards from carrying out transactions with merchants that are transacting on the following business categories; -Jewelry
-Pornography
-Dating and Escort Services
-Betting (including lottery tickets, casino gaming chips, off-track betting and wagers).

This has become necessary with the increased need to protect our customers and the institution from fraud, litigation and reputational damages.”

UBA is a Nigerian multinational financial institution. It is one of Africa's best and most resilient banking groups with operations in 19 African countries and offices in three global financial centers: London, Paris and New York.

Tectono Ventures Limited, a reputable and reliable brand in petroleum products supply, global trade, properties marketing and internet marketing/advertisement, presents to you an opportunity to get a practical a book entitled Contemporary Step-By-Step Guide to Non-Oil Products Export Business. This is a 124-page book that shows systematically how to set up export activities up to when the foreign exchange is repatriated. Let us state it graphically that this export book is quite different from the ones whose adverts you have been seeing in the internet. This one is carefully packaged by a team of experienced export professionals with more than 15 years of experience each. The people you see making millions of naira in the export business are not actually doing anything special. They just know what to do and how to do it. This is a truism
http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html