NewsEmerge: August 2016

Wednesday, 3 August 2016

$160M coal mines built in kogi to be ready in 30 days

The Chairman, Dangote Group of Companies, Alhaji Aliko Dangote, has said within the next 30 days, two coal mines in the Ankpa area of Kogi State, into which his company has invested $160m, will become operational.

Dangote revealed this during his courtesy visit to the Executive Governor, Alhaji Yahaya Bello, in Lokoja today. He reassured the governor of his cooperation and plans to ensure the development of the state, adding that he is ever ready to partner with the government.

On the Obajana/Kabba Road, he said that it will cost N11b to complete the project as the Federal Government has released the sum of 5.2billion naira.

Dangote said he will cooperate with the government in creating jobs and doing massive constructions.

In his response, Gov. Bello assured his visitor of safeguarding the investment of the company in the state. He urged Dangote to continue with his cooperate social responsibility project, stating that he should continue to invest in the state for more job create.
Source:www.trezzyblog.com/2016/08/dangote-visits-yahaya-bellopromises-his.html

I don't mind doing the cooking-Bank W

A short episode was shared by ebony life TV moment on instagram were Bank W was asked the question -can you cook? He replied by saying -
"I cook. My wife doesn't need to know how to cook. I actually enjoy it."
He also said he can marry a lady who can't cook.

Types of people who pick quarrel with pastor Adeboye speech

Types Of People Who Wouldn't Like Adeboye's Words Recently by Tkayhandsome(m): 1:59pm

2 Types Of People Who Wouldn't Like Daddy Adeboye's Words Recently

The General Overseer of the Redeemed Christian Church of God recently made some comments on marriage that didn't really go well with some people and here are two(2) major people who didn't find it funny

1. Girls/Ladies who cannot cook: Who would agree with me that almost all girls who cannot even boil egg didn't find daddy's message funny. Because of that, they abuse, accuse and misunderstood him. Believe me, no man loves to eat out when he can possibly use that money for his wife to prepare something that would last than spend it just on one plate of food that won't go anywhere at Mr Biggs

2. Jobless Men: Pastor adviced ladies not to marry a jobless man and almost all jobless men didn't go well with it. An angry man even called him a child of unmarried parents because it didn't go well with him. Ladies be wise. Such guys can kill. Listen to daddy and take note. Marry a man with vision.even if he is yet to land a job, soon he would.
You can add yours if you know of any.

Source:nairaland

Tuesday, 2 August 2016

I hereby disown you-Alibaba

Alibaba has jokingly disown Uyi of 3d cars for kissing a giraffe.

Fayose continues his stomach infrastructure in Aba-igbira and Afao-ekiti

As usual,Gov. Fayose continues his stomach infrastructure amidst unpaid salary.
He earlier had meeting behind close doors with the Alafao and some high ranking chiefs of the palace before the gifts were distributed by the Governor's aides and some chiefs.

Immediate ex-vice chancellor,University of Ilorin becomes the new JAMB registrar

Prof.Ishaq Oloyede becomes the new Jamb registrar whose appointment begins on 1st of August, 2016.
He was appointed along with other 17 chief executives of other parastatals.
The name of the parastatals and the new chief executives are:
National Universities Commission (NUC) – Prof Abubakar adamu Rasheed

Nigerian Institute for education Planning and Administration – Pro, Mrs. Lilian Salami

Universal Basic Education – Dr. Hameed Bobboyi

National library of Nigeria – Prof Lanre Aina

National Examinations Council – Prof Charles Uwakwe

National Commission for Mass Literacy, Adult and Non-Formal education – Prof Abba Aladu

Nomadic education Commission – Prof Bashir Usman

National Business and technical Examinations Board – Prof Isioma Isiugo-Abanihe

Teachers Registration Council of Nigeria – Prof Sunday Josiah Ajiboye

Computer Registration Council of Nigeria – Afolabi aderinto

National Commission for Colleges of Education – Prof Bappah Aliyu

Tertiary Education Trust Fund – Dr. Abdullahi Bichi Baffa

National Teachers Institute – Prof Garba Dahuwa Azare

Libarian Registration Council of Nigeria – Prof Michael Afolabi

National Mathematical Centre – Prof Steven Ejugwu Onah

Joint Admission and Matriculation Board, JAMB – Prof Ishaq Oloyede

National Institute of Nigerian Languages – Prof Chinyere Ohiri-Aniche

Those retained are;

Nigeria Educational Research & Development Council – Prof Samaila Junaidu

Nigerian French Language C\Village – Prof Rauuf Adebisi

National board for technical education – Dr. Mas’ud Kazaure

National Arabic language Village – Prof Muhammad Mu’az.

Monday, 1 August 2016

I identify this cute lady(pictures).

Did u know this musician?

Sale of properties increases by 72% in the last 18 months in VI,Ikoyi and lekki.

mooba77: 6:54am

The number of vacant properties in the upper class real estate neighbourhoods of Lekki, Victoria Island and Ikoyi has risen by 72 percent over the last 18 months, a report by the Financial Derivatives Company Limited (FDC) has stated. The FDC’s Vacancy Factor Index (VFIX) for 2nd Quarter June 2016 report attributed the rise in the number of vacant properties, based on the housing stock as at January 2015, to a combination of rising inflation, GDP contraction, falling consumer confidence and increasing unemployment rates contrived to lower demand for housing.

“Our urban real estate vacancy factor index increased for the second consecutive quarter as aggregate demand and supply forces remain in disequilibrium – a dynamic that continues to persist in the real estate market. “The VFIX indicates a paradoxical phenomenon where supply continues to trend upwards but effective rents remain stubbornly high,” the company stated.

Specifically, the report stated that there was a 6.6 percent increase in vacant residential properties in the second quarter. “The residential VFIX has increased by 6.6 percent from 177 in March to 189 in June 2016. Commercial VFIX on the other hand has remained flat at 148.

The huge gap between both indices is due to the fact that residential properties have a higher sensitivity to economic downturn. A residential property can easily be vacated without the tenant incurring a huge cost. Business, however, will face high costs for moving and so the decision is not made as quickly. For example, companies will face switching costs like changing addresses on business cards and will most likely lose some customers as a result,” the report stated.

Economic indicator

“The rise in the index was not surprising, when you consider the 0.36 percent contraction in GDP in the first quarter. A further contraction of 1.5 percent is expected in the second quarter thus putting the economy into a recession. As a lagging economic indicator, the housing sector is likely to remain flat until the stimulus has transmitted through the system. Our expectation is that a point of inflexion of the index will be evident in the first quarter of 2017.

Typically, high vacancy rates imply increased supply, which should translate to lower rents. However, rents in these areas have remained inflated above fair value and continue to be responsible for the high rate of delinquency and abandonment.”

The report further stated that Lekki suburb, with the largest number of residential developments, recorded the highest vacancy rates, while Ikoyi, an elitist suburb area famed for its overpriced properties – mainly new apartment blocks compared to stand-alone houses, has the lowest vacancy rate amongst the three selected locations due to the many derelict lands that exist within the area.

The FDC report asserted that a drop in the vacancy factor will only occur when there is an expansion in GDP and the PMI (or Purchasing Managers’ Index, an economic indicator derived from monthly surveys of private sector companies), an increase in the hotel occupancy rates, inflow of foreign portfolio and foreign direct investment as a result of the new flexible exchange rates, growing consumer confidence and most importantly, the flow of state and federal spending.

Outlook

FDC projects an outlook of further decline in demand for housing until probably the last quarter of the year, when economic activities are expected to pick up. “Given the economic conditions currently faced, we do not expect a quick recovery of the VFIX, as there is a time lag for the market to return to equilibrium.

We expect demand for housing locally to shrink further initially due to lower disposable income and a move from prime areas to more affordable locations. We also expect, in the short-term, new developments under construction. This will increase the supply of properties. From fourth quarter 2016 onwards, we project a pickup in activities as the economy gradually recovers mainly through demand for housing by expatriates,” it stated

Source:vanguardngr.com/2016/08/economic-downturn-vacancies-lekki-vi-ikoyi-properties-rise-72-18-months/

800000 applicant registered for N-power meant for 500000 graduate

The Minister of Labour and Employment, Sen. Chris Ngige, said on Monday that the Federal Government had received 800,000 applications for the 500,000 jobs promised the youth.

Dr Chris Nwabueze Ngige Speaking at the 5th Town Hall Meeting organised by the Federal Ministry of Information in Enugu on Monday, Ngige advised the people of the South East to explore the opportunity by registering on the web portal.

He said that the jobs were mainly for teaching and skills acquisition as promised by the APC government.

He said that the administration had a good agenda for the unemployed youths irrespective of the current challenges facing it.

The minister said that 100,000 out of the 500,000 tobe employed would be trained as agricultural extension workers and deployed to rural areas to assist the farmers with improved method of farming through the partnership of the ministry of agriculture.

Source:http://www.vanguardngr.com/2016/08/fg-receives-800000-applications-n-power-jobs/

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