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Tuesday 22 March 2016
Reps To Honour UNILAG 5.0 CGPA Graduate,Ayodele Daniel Dada
The House of Representatives is set to honour Ayodele Dada, the University of Lagos student who graduated from the Department of Psychology about two weeks ago with Cumulative Grade Points Average (CGPA) of 5.0.
Mr. Dada made history as the first graduate of a Nigerian University to record a perfect score – A’s throughout his course of study.
The House leader, Femi Gbajabiamila, in a letter dated March 21 and addressed to all the members, said that such recognition would celebrate the feat recorded by the student and serve to encourage other Nigerian students.
Gbajabiamila told members or the House of Representatives in the letter that such an achievement was the first in the history of Nigeria.
“I believe as leaders and as a country it’s time we start celebrating our successes particularly in a period of great national despondency that has enveloped us for years now.
“As a House I believe we should recognize, celebrate and commend Mr Ayodele so as to encourage him and give hope and inspiration to many others.
“To this end, I wish for you to join me as we suspend the House rules to invite Mr Ayodele Dada to the floor of the House on Tuesday 22nd March (today) to honour the young man and his remarkable achievement”, he said in the letter.
SOURCE: Naijatwitter
Monday 21 March 2016
SAD omg!!! Nigerian Artiste, Nomoreloss is NO MORE.
Veteran artiste, "Nomoreloss", born Olumuyiwa Osinuga was confirmed dead on Monday, March 21 at an undisclosed hospital in Opebi, Lagos state after battling an illness since January.
He's survived by a daughter and was just in his late 30s.
After his death was made known, Twitter was filled with condolences from people in the music industry, his fans and other sympathisers.
May his soul rest in peace, Amen.
Friday 18 March 2016
Nigerian Politicians Are The Most Difficult To Manage – Jega
Former INEC Chairman, Prof. Attahiru Jega, has described Nigerian politicians as the “most difficult to deal with in the world”.
Jega made the remarks at Chatham House in London yesterday in an interactive session after delivering a lecture titled: ‘Challenges of Modernising Election Processes: the Nigerian Experience’.
Jega made the remarks at Chatham House in London yesterday in an interactive session after delivering a lecture titled: ‘Challenges of Modernising Election Processes: the Nigerian Experience’.
“When I was vice-chancellor, I thought students were the most difficult to deal with”, he said, but added that at INEC, he found out that politicians in Nigeria were the most difficult to relate with.
He said despite efforts aimed at “carrying the politicians along” by keeping them abreast with INEC activities and initiatives, the politicians would later turn round to reject what they approved or accused the commission of trying to favour rival parties if things were not going the way they wanted.
He said both the former government and the National Assembly approved funds for smart card readers and permanent voters cards, among others, after being convinced of their necessity in ensuring credible elections, but when it dawned on them that they would not be able to manipulate elections as they did in the past, they strongly opposed the initiatives.
Describing Nigerian politicians as dogged and adept at pursuing their interests by “hook or crook”, Prof. Jega said the politicians could easily change tunes and cry foul when they realise that issues do not favour them or they could not manipulate them for their personal gains.
He attributed the huge success of the 2015 general elections to the adoption of technology in both the planning, management and conduct of the elections, and expressed optimism that “transparent and credible elections have come to stay in Nigeria”.
He listed funding, people’s suspicion of technology and aversion to changes by politicians, security of data, qualified manpower, among others, as some of the challenges of using technology in the conduct of transparent and acceptable elections.
He said despite efforts aimed at “carrying the politicians along” by keeping them abreast with INEC activities and initiatives, the politicians would later turn round to reject what they approved or accused the commission of trying to favour rival parties if things were not going the way they wanted.
He said both the former government and the National Assembly approved funds for smart card readers and permanent voters cards, among others, after being convinced of their necessity in ensuring credible elections, but when it dawned on them that they would not be able to manipulate elections as they did in the past, they strongly opposed the initiatives.
Describing Nigerian politicians as dogged and adept at pursuing their interests by “hook or crook”, Prof. Jega said the politicians could easily change tunes and cry foul when they realise that issues do not favour them or they could not manipulate them for their personal gains.
He attributed the huge success of the 2015 general elections to the adoption of technology in both the planning, management and conduct of the elections, and expressed optimism that “transparent and credible elections have come to stay in Nigeria”.
He listed funding, people’s suspicion of technology and aversion to changes by politicians, security of data, qualified manpower, among others, as some of the challenges of using technology in the conduct of transparent and acceptable elections.
SOURCE: nigerianmonitor
Thursday 10 March 2016
Oil Price Still Crashing Despite OPEC Seeking Higher Anchor Price
Oil prices are crashing again Tuesday after a short-lived spike on Monday. Crude oil fell by 1.19 percent by 7 a.m. GMT to around $37.50 a barrel, while Brent crude, the European benchmark, fell by 1.22% to hover just above $40 a barrel. If this price trend continues, it will eradicate the 3.5% gains that oil experienced on Monday.
Oil started to recover two weeks ago, with some analysts saying the commodity had finally bottomed out after a near-constant 18-month slide. Oil prices were in the triple digits in the summer of 2014 but are now about 60% lower because of a glut of oversupply by the OPEC cartel of oil-producing countries.
OPEC’s bid to push Western counterparts out of business seems to be working, with Juan Prada from Barclays writing in a note on Tuesday: “Data showed that active US oil rigs fell last week to the lowest level since December 2009. Sentiment was further supported by expectations of policy stimulus in China.”
But after initial concern that OPEC’s pledge to freeze its production wouldn’t make a difference — because of oil-rich countries such as Iran starting to pump huge amounts of oil — the oil price was given a boost by improving market sentiment.
Oil started to recover two weeks ago, with some analysts saying the commodity had finally bottomed out after a near-constant 18-month slide. Oil prices were in the triple digits in the summer of 2014 but are now about 60% lower because of a glut of oversupply by the OPEC cartel of oil-producing countries.
OPEC’s bid to push Western counterparts out of business seems to be working, with Juan Prada from Barclays writing in a note on Tuesday: “Data showed that active US oil rigs fell last week to the lowest level since December 2009. Sentiment was further supported by expectations of policy stimulus in China.”
But after initial concern that OPEC’s pledge to freeze its production wouldn’t make a difference — because of oil-rich countries such as Iran starting to pump huge amounts of oil — the oil price was given a boost by improving market sentiment.
OPEC also said it would be seeking a higher anchor price for oil. The slide in oil prices, however, supports some analysts’ view that the rally is and will be short-lived. Norbert Ruecker, the head of commodities research at the Swiss private bank Julius Baer, said this week that there would be no “long-term recovery” in the price of oil:
Shale’s cost deflation, Iran’s return, and Mexico’s market opening suggest that supplies remain ample for longer, overshadowing the industry’s investment cuts for the time being. Supply glut fears have taken a backseat as of late with the oil market’s focus shifting from pessimism over ample inventories to optimism over declining US production. We still believe that oil prices experience a short-term bounce but no long-term recovery but see further upside in the near term.
Shale’s cost deflation, Iran’s return, and Mexico’s market opening suggest that supplies remain ample for longer, overshadowing the industry’s investment cuts for the time being. Supply glut fears have taken a backseat as of late with the oil market’s focus shifting from pessimism over ample inventories to optimism over declining US production. We still believe that oil prices experience a short-term bounce but no long-term recovery but see further upside in the near term.
SOURCE:nigeriamasterweb
Abraham Attah Reportedly Moving to USA & Will Attend School Under a Netflix Scholarship
"Beasts of No Nation" star Abraham Attah is apparently moving to the USA (from Ghana), where, according to Nigeria's EbonyLife TV network, he'll attend school thanks to a scholarship from Netflix - the company released "Beasts of No Nation" as you'll recall, hence the connection.
Attah received much deserved acclaim for his performance in the film, including the Best Actor trophy at the 2016 Spirit Awards just a couple of weeks ago.
I assume his move to the USA will also mean more potential acting work for the young thespian. As of today, he isn't attached to any other film or TV series; last year, he filmed a short film titled "Out of the Village," which was directed by Jonathan Stein, and counts "X-Men" director Bryan Singer as one of its producers. The 16-minute film that follows a brother and his sister during the Ebola outbreak (set in an "unnamed West African village" of course), is currently touring the international film festival circuit.
The film, which was shot in Ghana raised over $20,000 via a Kickstarter campaign last year. I'm sure Attah's newfound fame will help draw attention to it wherever it screens.
Tuesday 8 March 2016
My Company Can Generate Enough Power For Nigeria By 2018 – ALiko Dangote
The President, Dangote Industries, Aliko Dangote, has said his company should be able to generate about 12,000 megawatts of electricity for the country by 2018.
He also said that his business estate would start selling foreign exchange to the Central Bank of Nigeria by 2020.
Dangote, who spoke in Lagos on Monday at the Nigerian Economic Summit organised by Economist Events, an arm of The Economist of London, said, “We are looking at a situation that by 2020, we will be the one selling FX to the CBN. Our projects are mainly import substitution. We are working to be self-sufficient to grow about a million tonnes of rice over the next five years.
“Our gas project would have our gas pipelines on the seabed. The output should be able to provide about 12,000MW of power. We see a lot of transformation when we are done with most of our projects by 2018.
“We have 15 countries in the ECOWAS community that are duty-free. The export market is big and profitable if you have the capacity. Players in the manufacturing (sector) should be encouraged to export if they have the capacity. We must also meet local consumption.”
Dangote said the fall in crude oil price was not a curse and that the nation must use the opportunity to explore the potential in other sectors of the economy.
He said, “This is the right moment to pursue the diversification of the economy, which we have been talking about. I know that once oil gets back to $80 per barrel, we will go back to the same misbehaviour.
“But I think this is the right time for that. Government must come up with the right policy, because if we don’t do it now, we may not do it. But low prices do not mean doom. In 1998-1999, the price of oil was $9. What we need to do is just to block the leakages and pursue diversification.”
According to Dangote, the monthly revenue inflow from oil, which used to be $3.2bn, is now around $1bn, and this has caused a number of challenges for businesses in the country.
“There are some areas where we are facing serious challenges and there are some where we are not. It depends on your business model. If your business model is to import 100 per cent, definitely, you will be facing challenges, because the inflow of foreign exchange is not where it used to be a year and a half ago,” he added.
SOURCE: Nigerismonitor
International Women's Day Celebration...I pledge For Parity
On this International Women’s Day, let’s commit ourselves to improving women’s Professional Qualifications, enlarging their scope of Professional Opportunities and promoting their Entrepreneurial Power.
#IWD2016, #PledgeForParity, #ISupportPledgeForParity,
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