BLACK FRIDAY MADNESS

They say Picture is worth thousand word  please compare and contract the picture above and bellow

while the above spent Million of Naira on advertisement about the great day (Black Friday)

The Company bellow made sure that buyers actually got stuff to buy alas at a cheaper rates as the advertised

one wonders if "Na by force'' to do same here in Nigeria. one of the most discussed trend on twitter right now is #Jumia, #Konga the unsuspecting public are complaining about their inability to shop items earlier advertised by this online retail out let . How could a sane person offered 90% off an items he or she did not produce? "You wan still am?'' abeg enough of this shenanigans  

NEW INTERNET TECHNOLOGY DISCOVERED!

Imagine a situation where one could use browse inter-net 100 times faster than what it it use to be now! well that era is fast approaching as the new technology called Li-Fi has been discovered . A new type of wireless internet technology has been developed that could provide a connection that is 

one hundred times faster than traditional  WiFi the most amazing thing about this new tech is that 

LiFi is capable of sending at a speed of up to 1GBPS wao thats arround 100 times faster than most WiFi connections.. According to Deepak Solanki CEO of Velmenni the new technology could be rolled out to consumers withing the next three to four years. by this HD films, Album could be downloaded within seconds! one is only but excited about the great news .

ERA OF FINE, IMPLICATION TO FOREIGN DIRECT INVESTMENTS

Nigeria like many African countries, is refers to as developing economy by the World bank and IMF. the recent dwindling oil prices is a blow to the already shrink resources. According to Cenral bank of Nigeria, the Crude oil prices release earlier this month is $48.81 per barrel this is against the $112.29 per barrel released By CBN in October 2013. The lesson learnt here is that Nigeria has lost a great deal of chance to save and re-invest fortune realized from Oil Boom. The same can not be said of other oil producing countries of Middle east. One will  be tempted to ask if Oil and gas is a cause rather than a blessing to the African Nation.

  According to an article written by Carolina Wilson & Liezel Hill of Bloomberg  on the 11th November 2015, the Online Business News porter, while commenting on MTN fine of  $ 5.2 billion fine,  article Portray Nigerian Government as broke and looking at other sources of Financing  Budget deficit. the writer fails to point out the failure of MTN to disconnect over 5 million lines and thier lack of respect for the Host country  rules and regulations.http://www.bloomberg.com/news/articles/2015-11-11/mtn-suffered-shake-down-by-nigeria-regulator-wells-fargo-says

Last week it was also reported in the News that First Bank Nigeria Paid over one Billion Naira (=N=1b) for failure to remit on time to the Treasury Single Account. TSA one wonders if the same regulator Slamming Fine here and there were in the Country some years back.

Truth be said, the level of impunity by conglomerate and business community was at its peak.
as if that was not enough National food and drug administration NAFDAC fine Nigeria beverage company Over a billion Naira. for Using expired materials.

The Government needs to Caution its regulatory agency for resulting to financial fine. it is time to look at other punitive measures. In other not to scare foreign investor away.It is true the Government is broke. The responsibility to diversify the economy lies with Federal Government.

AT LAST, NIGERIA WITH CABINET IN PLACE

The much anticipated List of Ministers surfaced today 11th day of November,  2015.

With the president Muhamadu Buhari Performing the swearing / taking of oat at the state house. Surprisingly, the most memorable Name of the list to me is that former governor of Lagos State ,

Babatunde Fashola who was saddle with three ministry as one. Nigerians awaits good governance. Bellow is the Full comprehensive List of the Ministerial Portfolios.

Rotimi Amaech (Rivers)--------Transportation
Chris Ngige (Anambra)---------Labour and Employment
Kayode Fayemi (Ekiti)----------Solid Minirals
Babatunde Fashola (Lagos)-----Power,Works and Housing
Abdulrahman  Dambazzau (kano)-Interior
Ogbonnaya Onu (Ebonyi)-------Science and Technology
Aishat Alhassan (Taraba) ------Women Affairs
Kemi Adeosun (Ogun)----------Finance
Abubakar Malami (Kebbi)------Justice
Hadi  Sirika (Katsina)----------State for Aviation
Suleiman Adamu (jigawa)-----Water Resources
Solomon Dalong (Plateau)-----Youth and Sport
Ibe Kachikwu (Delta)-----------State for Petroleum
Osagie Ehanire (Edo)------------State for Health
Audu Ogbe (Benue)------------Agriculture
Udo Udo Udoma (Akwa Ibom)--Budget and National Planing
Lai Mohammed (Kwara)-------Information
Amina Mohammed (Gombe)---Environment
Ibrahim Usman Jibril (Nasarawa)-State, Environment
Anthony Onwuka (Imo)-------State for Education
Muhammed Bello (Adamawa)---FCT
Adamu Adamu (Bauchi)--------Education
Okechukwu Elana (Abia)-----Industry, Trade and Investment
Aisha Abubakar (Sokoto)-----State for Industry, Trade and Investment
Khadija Bukar Abba (Yobe)---State for Foreign Affairs
Cladius Daramola (Ondo)------State,Niger Delta
Geoffrey Onyeama (Enugu) ----Foreign Affairs
Monsur Dan Ali ( Zamfara)-----Defence
James Ocholi (Kogi)------------ State, for Labour
Zainab Ahmed (Kaduna)--------State, for Budget
Heineken Lokpobiri (Bayelsa)--State for Agriculture
Isaac Adewole Folorunsho (Osun)---Health
Usani Usani Uguru (Cross River) ----Niger Delta
Abubakar Bwari Bawa (Niger)----State for Solid Minerals
Adebayo Shittu (Oyo)----Communication

We wish these appointees successful National engagement.