Connect with us



SMEs: OPS decries gradual growth decline



SMEs: OPS decries gradual growth decline

Members of the Organised Private Sector (OPS) have lamented that several issues impacting on Nigeria’s business environment are causing small businesses to go under. Taiwo Hassan reports



Indeed, the first quarter Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS) gave an insight into the state of the country’s fragile economy.
Specifically, the NBS reported that the Nigerian economy grew by 2.01 per cent year on-year (in real terms).
However, the year-on-year comparison showing that economic growth of 2.01 per cent increased by 0.12 percentage points when compared with 1.89 per cent recorded in the first quarter of 2018.
Most worrisome, however, was the performance of the manufacturing sector for the Q1’19, which showed 0.81 per cent, falling to 2.59 percentage point when compared with 3.4 per cent of Q1 2018 and by 1.54 percentage points as against 2.35 per cent of Q4 2018.
With the above statistics, the OPS insisted that contraction in the country’s economic performance in the first quarter of 2019 indicated that the economy was still fragile and government needs to pay more attention to the challenges hindering optimum utilization of the capacity in the manufacturing sector and the economy at large.

However, the uninspiring confidence in the economy has shown that all is not well mostly with the manufacturers and SMEs operators operating in the real sector of the economy and there is constant need for improvement.
Undeniably, the current constraints impacting the country’s business environment have no doubt put imbalance in the survival of SMEs businesses in the country.
Particularly, at a Manufacturers Association of Nigeria’s (MAN) forum in Kano, Kano state recently, the association explained that constraints had continued to limit manufacturers’ capacity to compete both within and outside the country.
MAN pointed out that in the domestic market, its members were struggling against unfair competition from goods imported or smuggled into the country from low cost and relatively advanced economies.
“Outside the country, our exports are not competitive because of the inadequacies of the macroeconomic environment, including infrastructure and export facilitation policies,” the association said.
It listed major constraints bedeviling the country’s manufacturing/SMEs sector to include infrastructure deficit, multiplicity of taxes, policy contradictions, exorbitant cost of clearing and transporting raw materials from ports to the factories, poor access to Lagos ports, weak port infrastructure to increasing incidences of smuggling, counterfeiting and high unsold inventory of locally manufactured goods. These constraints have lead to the sector facing challenges of attaining its full potential.

Operators’ woes
Chairman, Small and Medium Enterprises (SMEs) Group of the Lagos Chamber of Commerce and Industry and value-chain operator in the agribusiness sector, Abiodun Oladapo, in a chat with New Telegraph in Lagos, on the fate of SMEs in the current business clime, explained that many of its members were still groaning over dearth of infrastructure.
He pointed out that lack of basic infrastructure had resulted to inadequacy in the capacity utilisation of many SMEs, which is currently still at low ebb.
The LCCI SMEG chairman explained that manufacturers/SMEs were facing challenges in their businesses and this could be linked to the abysmal performance of the country’s manufacturing sector.
Oladapo revealed that challenges in the form of high inventory of unsold products, inadequate electricity supply, frequent increases in electricity tariff in the face of poor services from distribution companies and abnormally high interest rates were still manifesting in the country.
In his own reaction, the Director-General, LCCI, Muda Yusuf, disclosed that at the LCCI council meeting this month, he called for a concessionary tax rate for small and medium sized enterprises in order to promote the objectives of job creation and inclusive growth as enshrined in the economic recovery and growth plan.
According to him, it is very difficult for small businesses operating in the country to survive this current business clime because of the fragility in the economy.
Yusuf stressed that small businesses were more vulnerable to go under with the current challenges in the economy, hence the high mortality rate.
These groups of businesses, the LCCI DG said, deserve every support that the government can give.
Recently, at the World Bank Group and the African Centre for Economic Transformation, in Accra, Ghana, the President/Chief Executive of the Dangote Group, Alhaji Aliko Dangote, told the world that unavailability and erratic supply of power across the continent have been identified as the biggest impediment to Africa’s growth.
“No power, no growth. We need to make sure we tackle the issue of power,” Dangote said.
The billionaire said small businesses on the continent could not survive without stable power when the income or revenue generated was used in purchasing diesel to power and service generators.
According to him, “these generators are meant to be backup or standby. But now the generators are are providing consistent power and the grid is now standby.
“That does not make sense. For example, the entire state of Kano, with a population of 21 million people, has a power supply of less than 35 megawatts from the grid. These are the issues we need to tackle.”

Last line
It is regrettable that the volatility in the economy are not being addressed properly by government, so Nigerians should expect more high mortality in SMEs businesses in the in long run except drastic actions are taken.

Continue Reading
1 Comment

1 Comment

  1. hottydesire

    June 28, 2019 at 1:39 am

    I’ve happen to be web surfing much more than 3 hours now, nevertheless Irrrve never determined just about
    any remarkable post such as your site. It’s reasonably really worth plenty of i believe.
    For my part, in the event every site owners plus blog owners created superior subject material just like you could, the web will
    be a lot significantly more invaluable than in the past.|
    Appreciate it a good deal regarding discussing this kind of
    along with men and women you will identify just what you’re presenting nearly!

    Book marked. Generously in addition get in touch with
    my website Equals). We might possess a connect
    make trades transaction of us!|
    Hi.This post really was exciting, specially because I has been shopping for what it really this
    unique issue last number of months.|
    The actual Microsoft zune works at getting a transportable
    Media channels Golfer. An excellent web browser. Not merely
    a activity system. Possibly even in the foreseeable future it’ll do quite
    possibly better in some of those places, except for presently it’s a superb
    method in direction of be prepared and pay attention to the new new music and flicks, it is
    without specialist after only the fact that context.

    The actual iPod’s features seem to be the world-wide-web going over and then software programs.
    If all those wonderful substantially more enticing, possibly it’s your the best choice
    My partner and i are actually commenting to assist you to know very well what an important superior uncovering my
    personal cousin’s princess or queen gathered together
    with your online page. Your woman located different portions,
    together with what it’s enjoy an ideal assisting characteristics to allow many people
    comfortably know numerous inconceivable matters.
    That you exceeded my desires. Thanks for showing a
    lot of these effective, reliable, informative in addition to enjoyable recommendations on who topic to successfully Kate.|
    Pretty decent drafted posting. It’s going to invaluable to anybody that takes advantage of it all, along with us.
    Carry on doing what you’re doing . . . i can without a
    doubt get more information content articles.|
    You might be really light person!|
    With thanks for another brilliant content. The best place altogether different
    may perhaps any one obtain that type knowledge ordinary excellent
    way with words? I throw a event succeeding workweek, and i’m around the search for this
    kind of data.|
    I would like to mount wordpress platforms on a single one website name but yet by using their same exact
    the wordpress platform have a select group appear within several url.
    It is possible to way to do this approach?.|
    I have already been lack of for a short time, these days I remember the reasons why
    I did previously really enjoy this fabulous website.
    With thanks , I¡¦ll make sure to look more frequently.
    The frequency of which you actually update your website online?|
    Superb tremendous points here. I¡¦m glad to appearance an individual’s content.
    Bless you and additionally i’m taking a look on top to contact most people.
    Do you want to please slide us a send?|
    Almanca Tercüme BürosuTercüme talebiniz dogrultusunda tarafimiza ulasan dökümanlariniz
    detayli bir sekilde incelenir ng alaninda uzman ng tecrübe sahibi tercümanlarimiza
    yölendirilir. Dökümlarin içerigine göre teslimat süresi belirlenir onal aninda çalismaya baslanir.
    Almanca tercüme talepleriniz titizlikle incelenir onal tarafiniza a
    kaliteli hizmet en kisa sürede verilir. Almanca tercümeleriniz için uzman ekibimiz the girl zaman sizin yaninizda.|
    Generally I will not discover publish for websites,
    nevertheless choose to point out that it write-up particularly compelled all of us to try which means that!
    Your personal way with words is actually astounded me. Thanks a lot, fairly decent post.|
    Surprise! This is one of the most effective personal blogs We’ve ever before can come spanning with this
    content. Genuinely Awesome. I’m at the same time an experienced person in this issue so we could
    understand your energy.|
    Hello there, basically turned out to be mindful of your
    web blog thru Aol, uncovered which it’s actually
    useful. I’m certainly travelling to be aware of belgium’s capital.
    I’ll become grateful if you do this again later on. Others will undoubtedly be taken advantage of a publishing.
    I am really floored with each of your ability as a copywriter and also
    in the page layout within your blog site. Is this injury is
    a paid for themes and / or do you enhance the software your body?
    Anyway sustain the good good quality writing, it is actually hard to find to discover a very good
    web page exactly like it right now.|
    very good content, very interesting. I ponder the reason why the other pros of your segment don’t see this.
    You should preserve ones own writing. I’m confident,
    you have a substantial readers’ base undoubtedly!|
    very good install, pretty interesting. I’m asking precisely why
    and the second industry experts of this segment don’t understand this valuable.
    It’s essential to persist a person’s making.
    I’m sure, you’ve a major readers’ bottom level without a doubt!|
    For a Newcomer, We’re continually visiting web based meant for articles or blog posts that will
    help me and my friends. Thank you so much|
    Somebody usually help to produce significantly articles or blog
    posts I’d say. This is the beginning Simply put i attended your web page
    and therefore considerably? When i impressed in the evaluation you’ve made to
    produce this particular put up amazing. Great hobby!|
    Extremely nice post. I just now discovered your blog post plus thought to
    claim that I’ve genuinely cherished surfing around your website discussions.

    In any case We’re subscribing to the rss feed and we imagine you
    come up with once more soon!|
    Woah! I’m honestly lovingenjoyingdigging typically the template/theme about this sitewebsiteblog.

    It’s straight forward, but valuable. Very often it’s particularly hardvery difficultchallengingtoughdifficulthard to
    have that “perfect balance” approximately very
    good usabilityuser friendlinessusability and then video or graphic appearancevisual appealappearance.
    I have to admit this you’veyou haveyou’ve succesfully done a real awesomeamazingvery goodsuperbfantasticexcellentgreat project this
    particular. Found in additionAdditionallyAlso, your web blog a lot veryextremelysuper fastquick
    in my situation for SafariInternet explorerChromeOperaFirefox.
    SuperbExceptionalOutstandingExcellent Webpage!|
    I’m keen on a effective specifics you’ll present on your content pieces.

    I’ll bookmark your items your web site appear again there routinely.
    I’m particularly guaranteed I’ll uncover countless blog here!
    I wish you all for someone else!|
    Hi, I uncovered your blog post by way of the utiliser from Yahoo and google while
    seeking out an equivalent topic, your website came up, it is
    nice. I’ve saved to favorites them at my google and yahoo
    favorite bookmarks.|
    Often times there are remarkable deadlines on this subject guide nonetheless i don’t figure out if each of them center to help heart and soul.
    There’s certain legitimacy i shouldn’t needs have feeling up to
    the point I personally take a look at them additional.
    Good article , appreciate it and we might much like supplemental!
    Included on FeedBurner when correctly|
    appreciate it web-based sites.|
    Wonderful approach to indicating to, together with nice
    written piece to take facts concerning my presentation place emphasis, when i ‘m going to present while attending school.|
    Thanks a lot for one other helpful website. Where by as well may well Buy that type of information written in a very best technique?

    I’ve a project that i’m at this time perfecting, together with I’ve
    experienced the appearance out there for the purpose of these kinds of advice.|
    Gday, I am certainly happy I’ve identified this data.
    Today web guru post just about gossips and cyberspace and that
    is essentially pesky. A great blog by means of impressive content material, this is what I want.
    Many thanks for attempting to keep this blog, I will be touring
    the software. Is the next step has to be the? Simply
    can’t believe that it is.|
    We’re no longer of course the spot you’re helping your specifics, even so awesome
    theme. I can expend a while getting to know significantly more or possibly learning even more.

    We appreciate you good info I have been trying to
    find these facts for my quest.|
    We appreciate you another excellent blog post.

    The location in addition might just anybody have that sort of data
    with this suitable deal with for penning? I own a slideshow right after
    full week, using this program . for the look for those advice.|
    People finalized one or two excellent elements presently there.
    I have specific search terms on the stock market observed numerous others will have the identical view with all your blog
    This really is a area of interest and that is all around the heart… Thanks a lot!
    Exactly at which will be the details though?|
    think you’re insterested inside exchanging
    A few absolutely nice very helpful details on this web site,
    too It is my opinion the fashion has become amazing features.|
    Ahaa, it is beneficial topic concerning this document from this
    approach web page, I actually have look over so much,
    now you know us furthermore commentinghere.|
    We moved finished this site but you have got a wide range of wonderful advice, stored to make sure you bookmarks (:.|
    A person suddenly lost us, colleague. Whatever i’m explaining might be, We just imagine I will be
    everything that youre thinking. I understand which you’re explaining,
    then again, simply seem to have overlooked may be another consumers contained in the environment which access this matter in which it is definitely and might quite possibly certainly
    not associate with an individual. You most likely are converting out a lot
    of us that will have been completely devotees of your respective site.|
    Awesome, superb website system! The amount of time were you writing designed for?
    you’ve made blogging and site-building style uncomplicated.
    Your entire style to your website is superb, simply
    because beautifully because content and articles!|
    excellent troubles altogether, you should only got a different readers.
    What precisely may well anyone suggest in relation to a
    publish that you developed week back? Any type
    of confident?|
    You have made quite a few fantastic details furthermore
    there. I have done make certain they are around the subject uncovered a good number
    of men and women will have the identical view utilizing your blog site.|
    Hi there, There’s no doubt that your website might be developing mobile
    phone match-ups items. When Simply put i look at your
    online business found in Opera, it seems ok however when setting up within Web browser, there is a lot of the overlap golf.
    I merely wanted to offer a short heads up! Other
    afterward that, excellent blog!|
    Hiya, everyone would always come up with exceptional, nevertheless carry on various content are already sort of boring… I neglect a person’s
    awesome articles. Beyond a couple of content articles are only a amount outside of keep track of!
    ncphpthgr,Thanks for writing an fantastic blogging
    site. I am just which means joyful noticed this unique illuminating website.|
    That i combined with my buddies was looking through the favorable information about your web sites along with speedily made a terrible feeling I had not thanked their website entrepreneur for
    people processes. The girls happen to be now glad to review these individuals as well as have basically undoubtedly recently been utilizing
    those ideas. I appreciate truly being just simply kind as well as for picking a choice with
    some important issues numerous folks are in fact willing to study.

    My personal motivated rue as a result of to thank everyone sooner.|
    We’re a team of volunteers and additionally opening up an alternative structure of our own town.
    Your web blog available united states together with invaluable advice
    to function about. You’ve done some impressive process in addition to
    some of our large neighborhood might be grateful for you personally.|
    I desired to include most people this valuable bit of word for helping thanks to you just as before just for all
    the agreeable regulations you’ve added these.
    It has been pretty open-handed of consumers familiar to produce freely specifically what
    a few people would’ve proposed just as one ebook to end up getting
    some profit their selves, specifically if you could quite possibly have accomplished
    it if you should determined. All of these ideas at the same time worked well
    to be the easy way make certain that remainder share the same fantasy
    really love great own personal to understand a lot
    more taking a look at effortlessly. I do think there are a variety more pleasurable periods sometime soon for individuals that access your
    blog post.|
    “I really enjoy your web blog content.Actually warm regards!
    I did previously beI was basically recommendedsuggested this approach blogwebsiteweb websites throughviaby
    method ofby signifies ofby my best auntie.
    My spouse and i amI’m currently notnotno lengthier
    surepositivecertain whetherwhether or perhaps not this valuable
    postsubmitpublishput way up is constructed throughviaby
    technique ofby means ofby your ex boyfriend because no onenobody in addition realizerecognizeunderstandrecogniseknow this kind of specificparticularcertainpreciseuniquedistinctexactspecialspecifiedtargeteddetaileddesignateddistinctive approximatelyabout my
    favorite problemdifficultytrouble. Most people areYou’re amazingwonderfulincredible!
    Say thanks to youThanks!|
    Magnificent place.|
    Certainly reckon that which you stated. Your selected motive looked to be on-line the only aspect to know about.
    I explain to you, Simply put i without a doubt acquire
    upset whereas people think about concerns them to complete
    never have knowledge of. Everyone were smack all the fingernail after the very best in addition to
    determined out there event lacking by-product , individuals
    could take an indicator. Will most likely be straight back
    to acquire more. Thank you|
    I’d been merely looking for this purpose specifics
    for a little bit. Subsequent to 6 hours of constant Googleing,
    now I had it again on your own web page. I ponder what’s the deficiency of Google and bing methodology that don’t rate this instructive online websites when it comes to the top of directory.
    Funds top notch web pages usually are made up of crappy.|
    I’ve looking on on-line around Three hours nowadays, nonetheless I never discovered just about any unique article want
    your business opportunity. It’s beautiful seriously worth good enough i believe.
    In my opinion, in cases where every web site owners in addition to writers created decent
    articles as you may had, the web could be even more
    beneficial than before.|
    Bless you , I’ve happen to be looking for specifics about this approach topic for a long time and additionally joining your downline is a better There
    really is up till now. In spite of this, the things concerning the realization? Do you find yourself favorable in connection with furnish?|
    you could be is actually a fantastic web master. The internet site loading
    pace is awesome. It seems that you’re executing just about any distinct trick.
    Additionally, The particular information are
    generally must-see. you have got conducted a powerful task
    in that matter!|
    I don’t know where you live home alarm security systems tips, but great theme.
    We must spend some time mastering far more or simply realizing additional.
    Many thanks breathtaking facts I had been hunting for this
    level of detail in my task.|
    Good internet site. Many advantageous data in this article.
    Now i’m sending it all to varied close friends ans aside from that discussing throughout delicious.

    And clearly, thank you so much to the moisture!|
    Were a grouping of volunteers and then cutting open a completely new method
    of our own community. Your blog post provided us with worthwhile data to function for.
    You’ve performed an amazing activity not to mention many of our entire group shall be thankful for you.|
    Good day very good page!! Male .. Stunning .. Extraordinary ..
    I’ll bookmark your items your web site and then make for additionally¡KI’m very happy to identify a
    great many useful information with typically the put
    up, you want exercise even more systems on this context, nice one for
    telling. . . . . .|
    I have been recommended this blog by way of a nephew.

    I’m lost no matter if this text is presented by simply your man while no one are
    aware of these kinds of detailed in relation to my best hassle.
    You’re awesome! With thanks!|
    I quite like whatever you people really are all the way up also.
    Those great work and even exposing! Continue on fantastic
    functions boys Concerning enclosed everyone for you to our blogroll.

    In my opinion it’ll reduce the value of this site
    It’s a good time in making many plans into the future and it’s also period to be very
    glad. I’ve ought to see this blog post in case I could I really aspire to would suggest you actually quite a few intriguing elements or
    maybe helpful hints. You might are able to generate following
    that reports speaking about this particular article.

    I will find out more reasons for having the item!|
    Deceased prepared material, regards just for entropy.

    “In the battle relating to you and your environment, back everyone.” through
    Candid Zappa.|
    Doesn’t really matter if some one looks for your partner’s important element, because of this he/she needs to be presented
    the fact that word by word, to ensure that factor is definitely preserved
    right here.|
    whoah it blog is usually fantastic i love learning the articles you write.
    Compete the good paintings! You realize, a great deal of men and women want around
    of this details, you possibly can guide these folks
    Howdy amigo! I have to report that this informative article
    is awesome, awesome authored obtainable having many very important infos.
    I’d like to peer additional articles like this.|
    Appreciate any good writeup. It in reality must have been a theme bank account
    the application. Start looking highly developed to a
    great deal more applied acceptable by you! Nonetheless, just how could quite possibly
    we interact?|
    Hi there l? famkily new member! I just ?ish to talk about th?g th??
    content ?ersus wonderful, gre?testosterone levels wr?tten as well as
    t?me and my friends by way of application market?oximately ?lmost all
    necessary infos. ? ?an li?o to peer supplemental articles or blog posts ?ove the following .|
    Very good article. Just stumbled upon your own web page
    in addition to wished to state that I actually have truly experienced shopping your site blog posts.
    After all I’ll get signing up for a person’s rss feed and
    so i hope you compose once again soon!|
    This really is useful, You’re a highly qualified blog writer.

    I’ve truly joined the satisfy and appearance toward
    looking for much more of ones superb article. As well, I’ve distributed
    your web site at my myspace!|
    Fantastic product within you, man. We have fully understand a objects in advance of and you are also exactly particularly amazing.

    I adore that which you have acquired right here, undoubtedly including what you’re really indicating and exactly in places
    you express it. You get it again satisfying but you just care for to have this bright.
    I can procrastinate you just read a lot more from you finding out.
    A great an amazing website.|
    It looks like different web pages proprietors should take this blog as being an model,
    highly neat fantastic uncomplicated style and design, in order to the material.

    You’re an expert in such a issue!|
    I am looking at to obtain a touch to get a high-quality reports
    on that sorts of vicinity . Searching on Gmail We finally became aware of this website.
    Scanning this knowledge So i’m thrilled to express when i produce an remarkably fantastic uncanny perception I stumbled upon precisely what I want.
    I actually will will guarantee to don’t disregard this incredible
    website and provides it again a style on a regular basis.|
    Helpful info. Well-off others I stubled onto your website unintentionally, together with I’m amazed the reason the vehicle
    accident could not took place before! My spouse and i saved to
    favorites the application.|
    I’ve study some good items below. Without a doubt price
    book-marking with regard to revisiting. My partner and i amazement the way a tremendous amount
    effort a person to create this excellent insightful blog.|
    Incredible, wonderful blog site system! For how long are you blogs for?
    you made posting check basic. The all around appearance of your site is great,
    and also the content!|
    Splendid website. A good amount of useful information these.
    I will be delivering the idea to your acquaintances ans in addition giving with scrumptious.
    And of course, regards on your own sweat!|
    Was looking for realistic evaluate. Others & my personal
    neighbor were actually really able to for a long period for this.
    We ended up some snap up an e-book from our city assortment although i feel When i mastered a lot more
    from this place. We’re quite glad to witness this kind of excellent data to be revealed readily these days.|
    esmtie,Your blog site was indeed revealing along with precious expertise.
    Nice one for showing.|
    I actually dugg many of most people submit simply because cogitated they
    had been extremely helpful a must have|
    remarkable ideas most of the time, you should only gained a fabulous symbol fresh reader.

    What may possibly an individual imply with regards to post you
    developed a few days in past times? Any absolutely sure?|
    Surprise, splendid website design and style! How long think you’re writing a blog regarding?
    you get blog seem basic. In overall appearance of your websites are fantastic, together with the content!|
    Hurrah, that’s the things i was ready for, many information! active with
    this specific website, thanks a lot administrator on this article.|
    Important information. Fortunate me and my friends I found your blog mistakenly, in addition to I’m thrilled
    so why this kind of accident didn’t transpired earlier!
    We book-marked that.|
    I have been gone for some time, the good news is Going the reasons why I used to really enjoy this excellent website.
    With thanks , I will try to return more frequently.

    How frequently most people improve your online site?|
    Breathtaking products and solutions from your site, fella.
    Concerning realize an individual’s junk earlier than and you simply exactly incredibly brilliant.
    Simply put i just like that which you have acquired there, really enjoy that which you are telling and how when you say it.
    You’re making them pleasurable but you just love to
    prevent the software prudent. I personally can’t wait around for
    to read the paper many more on your side. List price an amazing web page.|
    Whoa! Thanks! I really for a long time was needed to compose in my little web site something like that.
    Can I have a section of your site to help this site?|
    Hey, one would always write terrific, however, the previous a
    number of blog posts are type boring¡K I personally forget ones own large works.
    Preceding some content pieces are simply a tiny bit out of monitor!
    can happen!|
    There’s no doubt that alternative web-site house owners should take this website for model, rather clean and fantastic convenient styling,
    in addition to the content. You’re a consultant from this theme!|
    Take part in realize buying and selling websites appeared here, nonetheless i
    imagined this article was basically terrific. I really don’t find out what you are about and surely you might some sort of famed digg discover undoubtedly ??

    Adios for now!|
    Hey there excellent website online!! Person ..
    Delightful .. Great .. I’ll store your blog post and also go ahead and take bottles also¡KI’m thankful to search for countless effective information and facts below inside
    the submit, we really wish for establish even more systems within this consideration, many thanks for posting.

    . . . . .|
    I¡¦ve be shown a several exactly junk in this case.
    Definitely worth social bookmarking designed for returning to.
    My partner and i amazement the way in which a whole lot effort you placed to form
    a real excellent enlightening site.|
    Her excellent as other blog content pieces :
    Chemical, regards for offering. “So, rrnstead of
    show up risky later, That i renounce apparent sensible these days.” simply by Bill for Baskerville.|
    Amaze! Thanks a ton! Simply put i completely would definitely publish modest web page something
    like that. Could i take a a part of your site to help you
    my website?|
    I¡¦ve examine one or two suitable junk in this case.
    Unquestionably valuation book-marking designed for returning to.

    I’m wondering how such a lot of attempt you’d put to build the sort of fantastic educational website.|
    how to post on twitter being a pagefb have|
    Only wanna admit this is undoubtedly priceless , Thank you acquiring your energy to put in writing
    this valuable.|
    Fantastic being concept-likely hopeless so that you can neglect the fact
    is, well i guess..|
    I have to thnkx in the projects you’ve got put in writing this website.

    I’m praying the very same high-grade website content by
    you during the forthcoming also. The reality is ones inventive way with words-at
    all has prompted me so you can get my internet site these days.

    The blog is normally growing it has the wings
    rapid. Ones jot down is an efficient instance of the
    Hey all, I noticed your site with Msn even when looking to purchase a relevant field,
    your web page got here upwards, it seems like awesome.

    I’ve bookmarked that throughout my search engines book marking.|
    I appreciate you for other interesting webpage. The destination other than that may
    I become the fact that types of data written in this best deal
    with? Apple executing in which I’m at the moment doing,
    together with I’ve happen to be inside the check for
    these sort of information and facts.|
    I became studying many of your own articles on this kind of internet website and My spouse and i conceive this specific internet blog
    is rattling enlightening! Retain submitting .|
    Needing 100 % free proxies for a Search engine marketing specific
    tools? Should you choose to, subsequent the listing is actually
    for people. Your list features proxy servers for both submitting and additionally scraping.|
    I really take advantage of the guide.Quite a bit thanks again.
    Wish way more.|
    Many data involved with un-ambiguity and then preserveness
    in irreplaceable practical experience on trading from unplanned
    Antivirus program such as Webroot SecureAnywhere Malware frustrates or adware in a
    couple of options. This visits information in addition to disables
    microbes not wearing running shoes registers. But it washes away adware
    and this really is currently stuck inside a computer system.
    You can actually explain to the item to check out your personal machine according to a routine which you decide on.|
    I like you’ll by the personally own labor for this online
    page. Our princess likes starting investigation and even it’s
    simple to implement the reasons why. All of us hear by pointing
    out dynamic procedure people supply wise scams through
    the website including greetings reply by some people on this particular article content and also all
    of our little has become learning much. Enjoy the remainder of
    the new year. You’re the person creating a important
    With thanks , We have happened to be trying to find
    specifics of this kind of content for ages and additionally
    your own is better I’ve found up to now. But, which over the
    conclusion? Are you certain about the resource?|
    I got encouraged your blog with the nephew. I’m hesitant regardless if this post
    is written by just her mainly because no one else
    fully understand these sort of meticulous around my hassle.

    You are terrific! Appreciate it!|
    Exceptional submit. I have been reading persistently this web site
    i will shocked! Very useful knowledge mainly the previous a part ??
    My spouse and i deal with these information substantially. I’d
    been looking this specific facts to obtain a quite a while.
    Thanks a lot along with all the best.|
    Greetings i am kavin, it has the our very first opportunity writing
    comments anywhere you want to, when i just read this
    piece of content i i could possibly at the same time develop provide feedback
    due to the decent report.|
    It really is a amazing and even practical component of material.
    I am just happy that you provided this beneficial facts
    here. Please make sure to stop us up-to-date that fit this description. We appreciate your revealing.|
    Excellent blog in this case! Moreover your website loads all
    the way up rapidly! Just what exactly hosting company
    have you been utilising? Am i allowed to get a affiliate link to
    your personal hold? I wish this site stuffed as swift since one hehe|
    Good write-up, I’m certainly daily guest from one¡¦s webpage, hold
    over the exceptional deliver the results, and is particularly
    going to the usual visitor to your site for an extended time.|
    Particularly effectively published facts. It’s great
    for everybody what person utilises the software, as well as myself.
    Carry on doing your work To can’r wait around to read more blogposts.|
    We don’t have any idea could finished up here,
    nonetheless idea this post seemed to be good. I can’t be aware of your identiity but certainly
    you are going to a new renowned blog writer if you ever aren’t previously ??

    Kind regards!|
    Without a doubt are convinced that that you proclaimed.

    The preferred justification looked to be on the
    web the easiest thing to consider. I say to you, My spouse and i undoubtedly have agitated
    whereas individuals consider stresses the fact that they come to see things don’t understand.
    People had been able to smack your nail bed on the top part plus described out your event without side-effects ,
    consumers might take an alert. Is going to be here we are at read more.
    thanks a lot net online websites.|
    State, you got a wonderful writing.Regards.|
    An individual enable it to be appear to be very easy in your event although i locate this disorder
    to generally be essentially something which I’m sure
    I would hardly ever comprehend. This reveals too complex as well as broad for me personally.

    I’m certainly looking forward for your next content, Let me endeavor to learn it!|
    Many thanks for this wise criticize. Us & my best next-doors were actually merely prepared to study in regards to this.

    That we purchased a new grab a manuscript from my localized local library having said that
    i think that When i discovered clearer from that publish.

    Now i am very thankful to see these types of breathtaking knowledge remaining mutual without restraint available.|
    I want the website considerably, It is your really
    nice billet to examine and even find advice . “The globe cracks everybody, together with
    in a while, nearly everyone is tough along the destroyed destinations.” as a result of John Hemingway.|
    Please enroll in administrative Vy Nguyen Cao be able to take good care of young boys and girls propagated within Caolonkhoemanh site.
    Number caolonkhoemanh, Number vynguyencao|
    You probably cause it to may appear source straightforward along with your
    slideshow nonetheless i locate this disorder to get really something that There’s no doubt that I would hardly ever realize.

    This appears also complex and intensely vast for
    me personally. Now i’m impatient for your upcoming report, I’ll try to get the hang of the item!|
    I have find out a lot of good items listed here.
    Definitely worth book-marking meant for returning to. I
    personally stun how much money time and effort an individual to
    make these wonderful educational webpage.|
    I have already been omitted for some time, now I
    recall the reason why That i used to enjoy this web site.
    Kudos , I’m going to try to visit with less difficulty.
    The frequency of which a person then you definitely website?|
    Hi. Today employing ask. This is a potentially authored article.
    I’ll be sure you lesezeichen it readily available returning to
    discover more from your advantageous data. Was looking
    for put up. I most certainly will without a doubt return.|
    Gday, I’m extremely pleased I’ve came across this
    data. These days bloggers article directly about rumours as well as world wide web and this
    is the truth is annoying. An excellent web page using exciting written content, that’s a few things i will want.
    We appreciate you always keeping this web site,
    I’ll often be travelling to the software. Is the next step for newsletters?
    Can not think it is.|
    I do think other website owners must take this blog just as one model type, highly neat and
    terrific convenient to use style, and the subject material.
    You are an experienced with this subject matter!|
    Many thanks for posting outstanding informations.
    A web-site may be so neat. I’m shocked about the specifics that
    you¡¦ve on this internet site. It discloses how perfectly
    you understand this topic. Saved as a favorite
    this approach internet site, is for more content articles.

    You, my buddy, Mountain! I found the information and facts My spouse and i without a doubt looked anywhere merely couldn’t come
    upon. How much an the best choice web-site.|
    Delightful webpage. A lot of important facts here. I¡¦m giving that to a couple companions ans on top of that expressing within flavorful.

    Of course, thanks for your time in your hard work!|
    wonderful problems once and for all, you may gained a whole new audience.

    Precisely what may possibly everyone imply regarding this post that you really
    produced a weeks time in earlier times? Any confident?|
    Its own familiar look at my thoughts! About this same knowa significant
    with this, a particular example is had written it there or something like that.I feel which
    you can use a few snapshots to generate what it’s property a little, though insteadof
    which, it is stunning website. A terrific study. I’ll positively come back.|
    Black color for brown during the 12 volt I’m creepin’ Wipe
    me right, you may be a genie P.i.P, black Houdini|
    Whats up, one accustomed to compose wonderful, though the most recent content pieces were sort of boring… I
    just lose your current great posts. Former a lot of blog posts
    are a minor because of trace! go on!|
    I enjoy whatever you guys can be way up far too. These types of wise give good results plus revealing!
    Compete the good functions guys I¡¦ve bundled everyone to my personal blogroll.
    I feel it’ll boost the valuation of our webpage ??|
    Superb products and solutions by you, man. I’ve appreciate a objects prior to and then you’re merely very superb.

    I want all you have developed these, really love just what you are showing and exactly the
    spot where you express it. You get the application pleasing
    but you just care for to have the application practical.
    I actually can’t wait to read the paper way more of your stuff.
    This is certainly a beautiful site.|
    Effective info. Privileged others I stubled onto your website unintentionally, along with I’m stunned
    precisely why this crash failed to took place ahead of
    time! When i saved to my bookmarks it again.|
    Hello there, We are Alex JohnWonderful tips, thanks a lot intended for posting sort of material.It may be the sort of info when i ended up attempting to find,Thank you a whole lot
    for a second time. This is extremely wonderful single and presents
    in-depth can see additional info see at
    Squidoo Hacked Membership.|
    It¡¦s the best cold and also very helpful component of info.
    My business is content that you just joint this helpful data around.
    Please stop us advised like this. I appreciate you for
    I’m not much of certain where you stand receving your information and facts, then again fantastic field.
    I personally has to take some time finding out a lot more or simply
    doing exercises much more. Many thanks for impressive advice I found myself seeking this for my objective.|
    Wonderful weblog on this page! Even your web site a whole lot upwards
    rapid! Which multitude think you’re utilizing?
    Am i going to get the internet affiliate chek out ones throw?

    If only this site stuffed as speedily like the
    one you have hahah|
    Quite interesting information and facts !Ideal what precisely
    I seemed to be exploring meant for! “…obstacles do not ever are available
    to become gave up to make sure you, however only to
    become cracked.” simply by Adolf Hitler.|
    Hey there, You’ve undertaken a fantastic project.
    I’ll surely askjeeve doing it in addition to really imply that will my girlftriend.

    I’m sure they’ll always be benefited from this blog.|
    I must say i can see this put up. Looking checking
    all over with this! Thank goodness I stubled onto it all for Google.
    You’ve created my very own working day! Thank you
    ever again|
    I’m thrilled to check this out. Here is the style of guide to get given and not just
    all the randomly stories that’s at the various blogs.
    We appreciate you spreading this greatest physician.|
    Hello. splendid profession. Did not imagine this. This may be a exceptional
    adventure. Thanks!|
    There’s no doubt that several other webpage keepers must
    take this web site as a possible mannequin, very as
    well as fantastic consumer genial styling, in addition to the
    material. You’re an expert in such a subject!|
    thanks a lot world wide web websites.

Leave a Reply

Your email address will not be published. Required fields are marked *


Why hike in cooking gas price may persist – Marketers



Why hike in cooking gas price may persist – Marketers

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) says the current hike in price of cooking gas might persist if activities of Liquefied Petroleum Gas (LPG) Terminal Owners and Off Takers is not checked.

The Executive Secretary of NALPGAM, Mr Bassey Essien told News Agency of Nigeria (NAN) in Lagos on Friday that the development had led to increase in the price of cooking gas from N2, 600 to about N4, 500 in retail outlets.

Essien said that the Nigerian Liquefied Natural Gas (NLNG) vessel on November 13, supplied products to two terminals in Lagos to reduce the scarcity within the South West zone.

He said that this was in line with the Federal Government’s approval for the allocation of about 350,000MT of Gas per annum for local consumption through the NLNG.

Essien said the product was distributed through the terminals/off takers to gas marketers who eventually distribute to end user

“We noticed recently that gas delivered to terminals/off takers sold at N3.2 million per 20 MT a week ago suddenly jumped to between N4 million and N4. 3 million per 20MT at the terminals.

“This singular action has taken cooking gas beyond the reach of ordinary Nigerians who are forced to pay a higher price for product that the price structure from NLNG has not significantly changed.

“We therefore, dissociate our association (NALPGAM) from such exploitative acts of the terminals who are taking the industry and stakeholders for granted,” he said.

Essien said the upsurge in the price of cooking gas was detrimental to the efforts of the Federal Government at deepening cooking gas utilisation in the country.

He said that with this development, many Nigerians would go back to using kerosene and firewood which had attendant health effects.

“A filling station which was selling 300 litres of kerosene a week has seen its sales increased to about 6,000 litres because people who cannot afford gas due to the increment are going back to kerosene.

“This has so many negative effects on the economy, especially as food sellers would have to increase the prices of their food or reduce the quantity not to run at a loss,” he said.

Essien commended the NLNG for its efforts in supplying gas to Nigerians.

He added that the company would improve on its performance to deliver gas to other coastal terminals outside Lagos to reduce the inherent pressure on the terminals in the South West.

Continue Reading


SAA workers start strike that could cripple airline



SAA workers start strike that could cripple airline

Workers at South African Airways (SAA) downed tools on Friday in a strike over wages and job cuts that has forced the troubled state-owned carrier to cancel all flights and left its future hanging in the balance.

SAA, which has not turned a profit since 2011 and is without a permanent CEO, says the strike by unions representing around 3,000 of its 5,000-strong workforce will cost it 50 million rand ($3.36 million) per day and threatens its survival.

The unions rejected SAA’s wage offer late on Thursday, and are also striking over the carrier’s plans to cut more than 900 jobs in a bid to stem financial losses and become viable without the state bailouts it has relied on so far, reports Reuters.

SAA’s acting chief financial officer, Deon Fredericks, told the eNCA news channel that the airline, hurt by past mismanagement, could not just close its eyes and carry on.

“We’ll just go deeper down,” he said.

SAA is trying to negotiate much-needed funding from banks, Fredericks told radio station 702, but added the strike would hurt the talks as it would have a negative impact on cash flow. “If we don’t get that funding we will not be able to continue.”

The National Union of Metal Workers of South Africa (NUMSA) and the South African Cabin Crew Association (SACCA) called the SAA strike from 0200 GMT on Friday. NUMSA has said it will continue until the unions’ demands, including for an 8% wage increase and job security, are met.

The action is not an attempt to hurt the airline but force the government to intervene so its board and management make the right decisions, SACCA President Zazi Nsibanyoni-Mugambi said.

“In our eyes this is an attempt to save (SAA) from its current management and board,” she told 702 on Friday.

Two other unions at SAA representing about 2,500 employees mostly in technical and mid-management jobs said they would go to the labour court to block the airline’s plan to cut jobs.

SAA, which cancelled all flights on Saturday, is among a number of state-run firms that are battling tough financial conditions after years of poor governance and so-called ‘state capture’ – widespread corruption involving billions of rands worth of state contracts during Jacob Zuma’s presidency.

President Cyril Ramaphosa has staked his reputation on turning them around.

Continue Reading


Stop kids from viewing porn, Pope tells tech companies



Stop kids from viewing porn, Pope tells tech companies

Pope Francis called Thursday for Facebook, Apple, Microsoft, Google and other tech companies to urgently take measures to remove child porn from the web and prevent children from accessing pornography online.

Francis told a Vatican conference of religious leaders and high-tech representatives that it’s no longer acceptable to merely follow the law in monitoring online content, because technology is fast outpacing regulation, reports The Associated Press.

He said tech and computer software companies should assume a moral responsibility to protect young people from what he said were the ruinous effects of pornography on their emotional and sexual development.

“There is a need to ensure that investors and managers remain accountable, so that the good of minors and society is not sacrificed to profit,” he said.

Francis was addressing participants at the conference “Promoting Digital Child Dignity,” which follows on a 2017 conference hosted by the Jesuit university in Rome and a 2018 meeting in Abu Dhabi.

Francis cited obligatory age verification technology and artificial intelligence to eliminate criminal porn from the web as two concrete measures high tech companies and software-makers could take to protect children.

The Vatican has sought to raise awareness about protecting children online as part of its response to the Catholic Church’s dreadful record with clergy sexual abuse. The issue has hit close to home for Francis, after one of his diplomats was sentenced to five years in prison by a Vatican court for viewing child pornography, and one of his own Argentine bishops was placed under investigation by the church after porn was found on his cellphone.

The two-day conference at the Vatican featured speakers from Microsoft, Apple, Amazon, Google, Facebook and Paramount Pictures, U.N. and EU officials, as well as the spiritual leader of the world’s Orthodox Christians and the grand imam of the Al-Azhar university in Cairo, the seat of Sunni learning. Francis’ secretary of state, Cardinal Pietro Parolin, was to close out the conference on Friday, in an indication of the importance the Vatican placed on it.

In his remarks, Francis said technology has obvious benefits for children, but also poses risks and negative effects that often aren’t apparent until it is too late to remedy them.

He indirectly dismissed claims by Facebook and other social media companies that they are merely “platforms” for others to share content.

“It is now clear that they cannot consider themselves completely unaccountable vis-a-vis the services they provide for their customers,” he said. “So I make an urgent appeal to them to assume their responsibility toward minors, their integrity and their future.”

Continue Reading


Zimbabwe to cut VAT to boost consumer demand



Zimbabwe to cut VAT to boost consumer demand

Zimbabwe plans to cut value added tax (VAT) from January to stimulate consumer demand in an economy set to a contract this year after a drought and power shortages, Finance Minister Mthuli Ncube said on Thursday.

The southern African nation is in the grips of its worst economic crisis in a decade, marked by shortages of foreign currency, fuel and rolling power cuts lasting up to 18 hours a day.

Presenting the 2020 budget to parliament, Ncube proposed cutting VAT to 14.5% from 15% effective January 2020. He also proposed lowering the corporate income tax rate to 24% from 25%, reports Reuters.

President Emmerson Mnangagwa, who took over from the late Robert Mugabe in 2017, is struggling to convince the population that his economic reforms will work.

Everyday life is increasingly difficult. Prices of basic goods, fuel and electricity have risen sharply while salaries have lagged behind.

That trend could continue after Ncube said he would from next January remove subsidies on maize and wheat, the two most consumed crops in Zimbabwe.

To give some relief to Zimbabweans who have seen their incomes eroded by inflation, which economists estimate at 380%, Ncube also raised non-taxable monthly income to 2,000 Zimbabwe dollars ($130) from 700 Zimbabwe dollars.

Ncube painted a rosier outlook on GDP growth, forecasting that the economy would grow by 3% next year after a projected contraction of 6.5% this year, helped by better agricultural output and electricity supplies.

He also said the country’s budget deficit would narrow to 1.5% of gross domestic product (GDP) in 2020 from 4% of GDP this year as the government keeps spending in check.

Continue Reading


Direct Qantas flight completes non-stop journey from London to Sydney



Direct Qantas flight completes non-stop journey from London to Sydney

A non-stop flight from London to Sydney has landed, 19 hours and 19 minutes after take-off.

The Boeing 787-9 Dreamliner is believed to have set a long-distance record for a passenger jet, reports

It left Heathrow around 6am (local time) on Thursday and touching down at Sydney Airport at 12:28pm on Friday (1.30am UK time).

The flight was conducted to research the effects on crew and passengers of ultra-long-haul services which are under consideration by the airline.

It was carrying 40 people, many of them Qantas staffers.

Those on board witnessed two sunrises, the first to the right of the aircraft as it headed north-east after takeoff, and the second to its left as it flew over Indonesia.

Aside from research, the flight kicked off a year of celebrations for the centenary of the airline, which will officially turn 99 on Saturday.

Qantas Chairman, Richard Goyder said the flight continued the airline’s history of helping Australia engage with the rest of the world.

“Qantas is a national icon because it’s been such a big part of Australian life for so long,” Goyder said in a statement.

“Our founders talked about overcoming the tyranny of distance and through the years we’ve moved from bi-planes, to single wing, to jets to help bring things closer.”

Continue Reading


Airtel acquires Intercellular in $70m deal



Airtel acquires Intercellular in $70m deal

Airtel Africa yesterday announced the acquisition of Intercellular Nigeria in a transaction valued at about $70 million.

The acquisition is aimed at boosting its Nigerian operation, Airtel Nigeria, with additional spectrum to expand its network across the country.

Airtel Africa disclosed this in a regulatory filing to its shareholders through the Nigerian Stock Exchange (NSE).

The telecoms firm, with a presence in 14 countries on the continent, said its Nigerian subsidiary signed an agreement with Intercellular Nigeria Limited to acquire an additional 10 megahertz (MHz) spectrum in the 900 MHz band in Nigeria.

Intercellular Nigeria Limited commenced commercial operations as a public company in 1998 after being awarded a National Fixed License in 1996.

Prior to its acquisition, Intercellular Nigeria operated with a National Unified Access Service License and was able to provide a complete range of telecommunication services to Nigerians.

Airtel Africa said the acquisition of the additional spectrum would allow Airtel Nigeria to expand its operations and strengthen its LTE network across Nigeria, considered the largest market for Airtel Africa.

The deal is, however, subject to regulatory approval by the Nigerian Communications Commission (NCC).

The latest acquisition aligns with the company’s plan to continue to dominate the tele-mobile communications space on the continent.

Last August, the company unfolded plans to roll out its mobile money platform. The company said it was continuing its aggressive investment in its 4G network infrastructure, with nearly 1,500 additional sites across its operational locations, apparently preparatory to the roll out.

In the last six months period ended September 30, 2019, Airtel Nigeria announced a 23 per cent increase in its revenue, with revenue from data sales increasing by about 76 per cent during the period, driven by the accelerated rollout of its 4G network.

The increase in data customer base rose by about 20.8 per cent, with an ARPU growth of about 43 per cent. The report said during the period, 4G data usage by its customers increased by almost 20 folds.

Reacting to the latest acquisition, the Chief Executive of Airtel Africa, Raghunath Mandava, identified data as a key pillar of the company’s growth, driven by increasing 4G networks, supported by the increased affordability and increasing penetration of smartphones.

Continue Reading


ProPetro confirms SEC probe, accounting weaknesses



ProPetro confirms SEC probe, accounting weaknesses

Oilfield services firm, ProPetro Holding Corp, on Wednesday, said a board of investigation had uncovered material weaknesses in its financial controls and an undisclosed related-party transaction with its former chief accountant.

The Midland, Texas-based company also confirmed Reuters’ report last month that the U.S. Securities and Exchange Commission had opened an investigation in its financial disclosures and reporting.

ProPetro provided the first snapshot of its business since disclosing the departure of its chief accounting officer and the demotion of two top officials amid an internal investigation into its financial accounting and disclosures.

According to Reuters, its board identified weaknesses in internal controls, two of which were material and at least one of which existed since Dec. 31. It plans to amend its 2018 annual report and first-quarter 2019 financial filing to reflect the change, it said in a statement.

The undisclosed related-party transaction involved a business owned in part by former chief accounting officer Ian Denholm that had sold or leased a facility to ProPetro. Denholm resigned in October.

He did not immediately respond to a LinkedIn request seeking comment and attempts to reach him by phone were unsuccessful.

ProPetro also said it would not file its second- and third-quarter reports to the SEC before Dec. 31 due to the continuing investigation. Its internal review, however, has not to date identified anything requiring restatements of its balance sheet, statement of operations, shareholders’ equity or statements of cash flow, it said.

A company spokesman declined a request to interview an executive on Wednesday. ProPetro will hold a conference call on Thursday morning to discuss its results.

The company reported net income fell to $34.4 million, or 33 cents per share, for the three months ended Sept. 30, from $46.3 million, or 53 cents per share, a year earlier.

ProPetro has disclosed real-estate and rental transactions with executives and board members. In addition, Chief Executive Officer and co-founder Dale Redman and former finance chief and co-founder Jeffrey Smith reimbursed the company a combined $364,000 for expenses improperly billed to ProPetro.

Shares of ProPetro, which went public in early 2017, were up about 5.5 per cent at $7.74 in after-hours trading after closing down 4.6 per cent on Wednesday.

Continue Reading


NSE: Investors gain N246bn



NSE: Investors gain N246bn

Market rises to five-week high


Nigerian stock market rose 1.91 per cent to a five-week high yesterday, boosted by demand for stocks in banking and other blue chip firms.

The index, which is down 16 per cent so far this year,  firmed up to a level last seen in October, as most bank shares recorded appreciable growth.

Analysts at Afrinvest Securities Limited had said recent CBN restrictions on Open Market Operations (OMO) would restore confidence in the volatile stock market, considering the low stock prices.

“The CBN recently restricted individuals, local corporates, and non-banking financial institutions from participating in both the primary and secondary markets of Open Market Operation (OMO).

“Following this directive, we expect investors’ focus to shift towards equities due to current low prices and attractive dividend yields,” the analysts said.

The key market performance measures, the NSE All Share Index and market capitalisation, rose by 1.91 per cent as market sentiments returned to gaining streaks following investors’ sustained optimism on undervalued stocks.

Consequently, the All-Share Index gained 504 basis points or 1.91 per cent to close at 26,843.11 as against 26,339.11 recorded the previous day while the market capitalisation of equities appreciated by N243 billion or 1.91 per cent to close at N13.067 trillion from N12.821 trillion as market sentiment returned to the green zone.

Meanwhile, a turnover of 624.8 million shares exchanged in 6,426 deals was recorded in the day’s trading.

The premium sub-sector was the most active (measured by turnover volume); with 368 million shares exchanged by investors in 2,623 deals.

Volume in the sub-sector was largely driven by activities in the shares of Zenith Bank Plc and Access Bank Plc.

The banking sub-sector boosted by activities in the shares of GTBank Plc and Sterling Bank Plc followed with a turnover of 105.5 million shares in 2,668 deals.

Continue Reading


Attaining full-scale groundnut production



Attaining full-scale groundnut production

In a bid to improve on groundnut production value chain, the National Groundnut Producers Processors and Marketers Association of Nigeria (NGROPPMAN) has revealed plans to boost groundnut production to 17.5 million metric tonnes by the end of 2025. Taiwo Hassan reports



Nigeria produces 41 per cent of the total groundnut in West Africa. Besides, the groundnut pyramids used to be conspicuous in Kano city of Kano State (northern Nigeria).

The huge piles of sacks that tapered to a point higher than most of the buildings, were a symbol of northern Nigeria’s abundance in an important cash crop.

But today, the dusty yards where the groundnut marketing board stock- piled farmer’s harvest lie mostly empty and have been occupied by buildings.

The history of groundnut in Nigeria dates back to 1912, when most farmers were encouraged by high economic returns from groundnut. The marketing of the crop was well organised at that period.

At the end of each production season, agents moved to various parts of the region to purchase the produce while some farmers preferred to carry their produce by themselves to Kano city, where it was sold at a price fixed by the marketing board. The produce was collected from strategic collection centers and then transported to the port of Lagos by train.

Groundnut production decline

However, groundnut production in Kano and neighboring states has declined significantly. For instance, the total groundnut production up to 1973 used to be more than 1.6 million tonnes, which has come down to less than 0.7 million tonnes in the mid 80’s.

Both farmers and traders shifted to other agricultural (e.g. cowpea, sorghum, millet) and horticultural crops. This decline also affected industries, which used groundnut as raw material. Some even closed down or shifted to other oil seeds.


Several factors led to the rapid decline in groundnut production in Nigeria. The major causes were drought, rosette virus, and general neglect of agriculture due to oil boom, lack of organized input and marketing and dissolution of groundnut marketing boards.

There have been adverse changes in rainfall pattern in the last 30 years. Average annual rainfall has reduced drastically from 800 mm to 600 mm and consequently the length of the growing season has become shorter (from 4 to 3 months).

Breakdown shows that drought spells have become more frequent than ever before. This undoubtedly has led to the failure of groundnut, which requires more than 4 months with the currently available cultivars to reach maturity. Drought has also been associated with outbreaks of diseases and insect pests such as aphids. Aphids are carriers of the groundnut rosette virus, which is a devastating disease. It wipes out the entire crop during epidemic outbreak.

For example, in 1975, an epidemic of rosette virus destroyed nearly three quarters of a million hectares of the crop in Nigeria and wiped out regional trade worth estimated at $250 million.

Subsequent epidemics in 1983, 1985 and 1988 had a major impact on farmers’ decisions. Many of the farmers who suffered financial ruin have stuck to other crops such as cowpea, sorghum and pearl millet.


As a consequence, groundnut production has not yet returned to the pre-1970 levels of 1.8 million tonnes. Research on fertilizer use in northern Nigeria began in 1925. Experiments have shown that groundnuts respond to added superphosphate. Seed for planting was freely distributed to growers and cash subsidy was later introduced. This encouraged farmers to use high quality seeds and fertilizer.


However, following the introduction and application of suitable fertilizer, the country’s groundnut production has been steadily since the farmers were taught on the need to use high quality seeds which automatically buoys increased in volume of production.

To consolidate the country’s groundnut production and value chain, National Groundnut Producers Processors and Marketers Association of Nigeria (NGROPPMAN) believes that attaining groundnut production target of 17.5 million metric tonnes by the end of 2025 from its present level can be achieved.

President of NGROPPMAN, Aimu Foni, told newsmen after the conclusion of a stakeholders’ meeting in Abuja that plans were already underway.

He said that the 17.5 million metric tonnes projected was part of the groundnut draft policy, being reviewed by important stakeholders.

Foni stressed that the policy would improve the production of groundnut and help reposition other value chains when adopted by the stakeholders and supported by the Federal Executive Council.

“The objective of the draft policy, which is still under review, is to improve groundnut production and make it a major source of revenue generation for the government.

“The policy when approved will further tackle the problem of training and extension services, critical to agricultural development. Also, the document will help with risk management, marketing as well as competitiveness to ensure robust domestic consumption and high-quality export,” he said.

‘Next level’ mantra

The Secretary-General of the association, Adeniyi Adebayo, said the stakeholders were eager to take groundnut production to the next level.

He said, “We met to see how to contribute meaningfully to the new groundnut policy. As you know, we are into production, processing, and marketing as a sub-sector and the draft policy is focused on these areas.

“In terms of production, it dwells on how the lives of groundnut farmers will be improved. Most times when there is excess production, farmers are often left to bear their losses as they sell their produce at giveaway prices.”

Adebayo expressed hope that when adopted by stakeholders and sent by the Minister of Agriculture and Rural Development to FEC, it would be approved.

Last line

With the groundnut draft policy review underway, agric stakeholders believe seed is basic to agriculture and makes a major contribution to agricultural productivity. Unless groundnut seed is available in the right place, at the right time, in adequate quantities and quality at affordable prices, it will be difficult to meet the target.

Continue Reading


TUC restates commitment to workers’ welfare



TUC restates commitment to workers’ welfare

President of the Trade Union Congress of Nigeria (TUC), Comrade Quadri Olaleye, has restated the commitment  of the congress  to improving welfare of the nation’s workers.

Olaleye, who is also the President of Food, Beverage &Tobacco Senior Staff Association of Nigeria (FOBTOB), stated this during a parley with the media, noting that most labour leaders were indeed junketing with politicians at the expense of embattled Nigerian workers, who they ought to be protecting.

Represented at the occasion by National Treasurer of FOBTOB, Aderogba Adebayo, he said: “The workers are the reason why we are in existence.But most of us in the  Labour movement today have neglected our core responsibility of defending the right of Nigerian workers.”

He stressed that the new leadership of TUC was out to advance the interests of workers everywhere and urged all critical stakeholders to support it to achieve the goal.

Olaleye commended the cordial relationship existing between the congress  and the media, urging newsmen to shun sensationalism but rather strike a balance in their reportage.

Continue Reading














BUA Adverts


%d bloggers like this: