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BUSINESS Bitcoin Crash: CBN Cautions In Virtual Currencies Trading Stands CBN Governor, Godwin Emefiele In January 2017, the Central Bank of Nigeria (CBN) warned Nigerians and financial institutions to stay away from virtual currencies that have attracted investment in payments infrastructure that provides new methods for transmitting value over the internet. https://pin.it/imcaojiqqavwa3 The CBN had reiterated that virtual currencies such as Bitcoin, Ripples, Monero, Litecoin, Degecoin, OneCoin among similar products are not legal lenders in Nigeria, thus any financial institution that transacts in such businesses does so at its own risk. As at the time of writing this report, bitcoin, a world known cryptocurrency, has continued to crash as investors globally are getting their fingers burnt. After the bitcoin craze rose to a near-fever pitch in 2017, several investors and analysts this year are predicting more growing pains for cryptocurrencies over ...

Oprah Winfrey for president? Golden Globes speech ignites speculation Actress and TV talk show host Oprah Winfrey poses with the Cecil B. DeMille Award during the 75th Golden Globe Awards on January 7, 2018, in Beverly Hills, California. / AFP PHOTO / Frederic J. BROWN Could Oprah Winfrey run for president and beat Donald Trump? Hollywood, liberals and ardent fans are abuzz with speculation that the billionaire chat show queen is harbouring White House ambitions after an impassioned Golden Globes speech. Winfrey had barely finished calling for a “new day” following a sexual harassment watershed, before calls snowballed for one of America’s most famous women, a self-made tycoon born into poverty, to run for the highest office in the free world. Hollywood’s loathing of Trump and bafflement that a crass-talking reality star with no previous government experience could win the presidency have fueled talk of well, why not another television star, only one with ...

Natural gas is a nature-made resource obtained from planktonic water residing microorganisms that involve algae and protozoa which have died, decompose and accumulated on the Ocean beds over a long period of years which were gradually buried and their remains clumped and compressed under layers of sediment. Gas Flaring:   This points at the process of burning natural gas that is linked with crude oil when it is pumped up from the ground. This phenomenon which has been caused by human and industrial activities  has been found to have severe effects that are enormous on man, his environment , ecosystem and most importantly the general world environment, is also a colossal waste of  useful natural resource. It is disheartening however that this fact of flaring is still rife or high in Nigeria and all subsequent efforts tailored towards abating this threat  via setting of flare phase out deadlines has unfortunate result to bring the desired  outcome as the...

250 Adorable Kitchen and Housewares Manufacturers and other forex users in the country now have reliable access to dollars, a report put together by analysts at FBNQuest Capital Limited has revealed. According the report, which was released on Tuesday, the country’s Purchasing Managers’ Index for the manufacturing sector also rose strongly in December to 68.7 from 60.1. The PMIs are forward-looking indicators of sentiment in all economies and have the proven capacity to move financial markets in developed economies. On how they arrived at the latest PMI as well as the claim of reliable access to forex by users, the analysts at FBNQuest explained that respondents were asked whether output, employment, new orders, suppliers’ delivery times and stocks of purchases had improved on the previous month, were unchanged, or had declined. They noted that a headline reading of 50 was classified as neutral. The report stated, “All five sub-indices rose in December. The highest was 73 (stocks...

...JUST TALK ABOUT THE BIZ AND QOURA WILL GIVE IT THE NEEDED VISIBILITY. google.com, pub-4849840459847474, DIRECT, f08c47fec0942fa0   How to Use Quora to Increase Your Business Exposure Want to build visibility for your business? Have you considered Quora? Quora is a useful place to share knowledge about your company and industry. In this article I’ll share how to successfully  use Quora to gain exposure and manage your brand . Discover how to use Quora to increase business exposure. Listen to this article: Audio Player 00:00 00:00 Listen now:  Play in new window  |  Download Subscribe:  Android  |  RSS #1: Complete Your Profile to Increase Visibility Because the Quora community has zero tolerance for self-promotion and spam, there are many factors to consider when setting up your presence. Quora  gives you tremendous exposure by  showing your bio next to each answer  you post on the forum. Additionally, you ...

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...