SAGEMSKYINFO

Beware of Those Who May Promise to offer you Jobs Abroad...  THE news of the travails of Nigerians trapped in  Libya and the Mediterranean  went virile even as the whole world was stunned with the expose of return of slave trade in the 21st century. Shockingly, most of the victims are from Edo State who fell prey to human traffickers, a global cartel with strong links to some unpatriotic Nigerians who have sold their souls to the devil. Libya returnees The very sad story is also a  clear indication of the failure of government over the years. What would have forced our young ones into such harrowing experience of life is that they were not served alternatives by previous governments. Day in day out Nigerians and indeed Edo people are hit with news of the next batch of returnees coming from Libya.  Only last week, no fewer than 275 Edo indigenes voluntarily arrived Benin from Libya with the help of the state government. The number of the victims wallowing i...

FG's Reaction and Actions in place to end Fuel scarcity nationwide  In a Struggle for fuel at Olupese petrol station Oshodi, Lagos on Monday,'queued discipline was compromised.. The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Maikanti Baru, on Sunday disclosed that the current Landing Cost of petrol is N171 per litre, meaning that at N145 per litre, the Federal Government is currently paying a subsidy of N26 on a litre of the commodity. Speaking with reporters in Abuja, he said that the normal consumption of PMS in Nigeria had risen to over 50 million litres per day, due to hoarding and diversion, mainly as a result of cross-border smuggling, due to the PMS price disparity that exists between Nigeria and its neighbours. Commenting on the Landing Cost of PMS, Baru said the Cost, Insurance and Freight price of PMS was $620 per metric tonne, adding that at N305 to a dollar, the landing cost translates to N171 per litre. Baru sai...

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Bitcoin:  Singapore on the Tuesday issued a warning about cryptocurrencies after a recent surge in prices sent investors flocking to bitcoin. “The Monetary Authority of Singapore advises the public to act with extreme caution and understand the significant risks they take on if they choose to invest in cryptocurrencies,” the city-state’s central bank said in a statement. Bitcoin “MAS is concerned that members of the public may be attracted to invest in cryptocurrencies, such as Bitcoin, due to the recent escalation in their prices.” It said the recent spike in bitcoin prices comes from speculation, and cautioned that the bubble may burst. Singapore’s central bank joins a number of regulators who have warned about cryptocurrency investments, including the US Federal Reserve, which said bitcoin could threaten financial stability. Regulators in Seoul have banned South Korean financial institutions from dealing in virtual currencies. The MAS, which also acts as ...

https://www.amazon.com/gp/gc?&tag=regox-20&camp=0&creative=0&linkCode=ur1&adid=1G5ANHKFWAHYC8J8JHXG& To some folks, bitcoin is a speculation. To others, it’s a fad. But to the people of Zimbabwe, it’s a lifeline. That’s because Zimbabwe’s economy is a basket case. It’s been this way for years. A decade ago, the central bank of Zimbabwe tried to solve its economic problems by printing money… with predictable results. In 2007, the inflation rate in Zimbabwe was running at 24,411% per year. By 2008, the situation was so bad that the government stopped tracking inflation. But experts say the annual inflation rate hit 231 million percent in July 2008. By November 2008, inflation hit 79.6 billion percent. That’s when the government finally admitted that its  currency was worthless… It abandoned its own currency and started to use the U.S. dollar and the South African rand instead. But this hasn’t fixed the country’s problems—not by...

    BITCOIN ISTHE SUPER COIN To some people, bitcoin is a speculation. To others, it’s a fad. But to the people of Zimbabwe, it’s a lifeline. That’s because Zimbabwe’s economy is a basket case. It’s been this way for years. A decade ago, the central bank of Zimbabwe tried to solve its economic problems by printing money… with predictable results. In 2007, the inflation rate in Zimbabwe was running at 24,411% per year. By 2008, the situation was so bad that the government stopped tracking inflation. But experts say the annual inflation rate hit 231 million percent in July 2008. By November 2008, inflation hit 79.6 billion percent. That’s when the government finally admitted that its  currency was worthless… It abandoned its own currency and started to use the U.S. dollar and the South African rand instead. But this hasn’t fixed the country’s problems—not by a long shot. Inflation in Zimbabwe is still sky-high. Unemployment is at 90...

REASON WHY PUBLIC TREASURY LOOTERS HAVE NOT BEEN PROSECUTED Vice-President Yemi Osinbajo on Monday said a couple of “strategic advice” from independent sources, anti-corruption committees and special panels set up for the recovery of assets that were allegedly looted by previous government officials, had prevented the current administration from going forward with its desire to prosecute the looters. He disclosed this at the 2017 celebration of the International Anti-corruption Day organised by the Inter-agency Task Team in Abuja. He also stated that the government had succeeded in weeding out 50,000 ghost workers from its payroll in the last two years, while the Economic and Financial Crimes Commission had charged 17 suspects to court for allegedly contributing to the crime. The vice-president, who was represented by his Special Adviser on Rule of Law, Mr. Akingbolahan Adeniran, however explained that many assets were being recovered from those who stole fr...

THE Ijaw indigens in Okomu,  Ovia South West Local Government Area of Edo State, yesterday, declared that. contrary to the claim by the Binis that they own all the land occupied by the Ijaw in the state, the Binis are actually the settlers in their land, vowing that they will use all they have to protect their territory. They accused Edo State government and the palace of the Oba of Benin of an attempt to   deny them of their ancestral rights and ownership of Okomu land. The Ijaw then admonished Binis to read the historical background of the entire Ijaw land in Edo State as written by a Bini son, Dr Egharevba, adding that they will find out that the land belongs to the Ijaw. Chief Sunday Ajele, the Fiyewei of Okomu Kingdom, explained the position of the Ijaw while speaking to journalists in Okomu. He listed the moves to deny them their rights to include their denial of a  permanent seat on the Board of Directors of Okomu Oil and Rubber Plc, report...

        News Business Culture Sport Technology Opinion Multimedia N-Power has warned all the preselected applicants in the scheme over Fraudsters  release list December 8, 2017 Federal Government scheme, N-Power, has repeatedly warned applicants against fraudsters acting as beneficiaries of the scheme. The scheme announced that no fees or connection will guarantee final selection while advising those swindling participants to desist. In a statement shared on its official Facebook page, the scheme announced that names of fraudster will be released soon and also dismissed from the programme. The statement reads “N-Power is the employability and enhancement programme of the Federal Government. “Unemployment has been a cause of concern in Nigeria. Despite the rate of unemployment, many employers have raised concerns about the employability of the Nigerian graduate. “N-Power NG among ot...