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FACTS ABOUT POWER GENERATION WE CANNOT IGNORE

“On current trends, it will take up to 2080 for every African to have access to electricity”. – kofi Anan

Electricity consumption in Spain exceeds that of all Sub-Saharan Africa (except South Africa).

Only one in six persons living in Sub-Saharan Africa has access to electricity.

A whopping 600 million live without electricity completely.

Globally more than 1.5 billion people lack access to…

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COmmercial Papers Commercial Papers (CPs) –a short-term debt financing instrument which consists of unsecured and discounted promissory notes. its tenuure is about 270 days.

Winning in 2016 as an SME As a SME winning in 2016 is possible but the following points are important Copying is not a unique business strategy…

Lessons from Nigera

There is Hope With the current financial meltdown playing in Nigeria which I think has nothing to do with global circumstances but a problem we as a Nation created over the years.

It can only get better

The stock market is down about 22% as we speak after rising to about 7% on the swearing in of President Mohammed Buhari.

Iran has better quality of oil than we have and are willingly to sell at any price to the market. Ours cost more thanks to the fact that we do not have refining capabilities. The Budget benchmark of $38 per barrel do not look realistic. What if the forces of demand and supply…

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FACTS WE CANNOT IGNORE “… in our view, current global oil prices are not sustainable. There are two reasons for this: (a) possible reduction in global oil demand… (b) Increased global oil supply as new discoveries in Africa and elsewhere come on stream”.- Ngozi Okonjo-Iweala

Nigeria in 2016 Nigeria’s 2016 Budget is based on a crude oil benchmark price of $38 per barrel and a production estimate of 2.2 million barrels per day.

A message to the Young Generation

It seems we are now gradually moving into an era where it is no more business as usual. It is now a case of those who live in glass houses must not throw stones. Nigeria has always been a Nation of people so hardworking and tenacious but her problem has always been men of weak character creating the case of insecurity, poverty, unemployment, infrastructure deficit e.t.c. The events of the last…

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The wind of Change is blowing

Raymond Dopkesi has finally been granted bail by the Federal High Court in Abuja with two sureties one of which must have a landed property in Abuja at the sum of N200 million each. He will be remanded in kouge prison pending the perfection of the bail conditions.. His passport has also been seized by the court. You recall that he is standing trail for N2.1billion received from the office of…

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A former Divisional Police Officer (DPO), Mr. Segun Fabunmi was sentenced to10 years in prison for manslaughter following the killing of one Ademola Ade (or Ademola Aderintola Daramola) during the 2012 fuel subsidy protest in Lagos.

He was also found guilty of shooting three other persons — Alimi Abubakar, Egbujor Samuel and Chizorba Odoh — during the protest, thereby causing them grievous bodily…

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Agriculture to receive a boast in 2016

A target of N300 billion to boost lending to Small and Medium Scale Entreprises (SMEs) and the agriculture sector in 2016 has been set by the Bankers’ Committee. This was reiterated by The CBN Governor Mr Godwin Emefiele after the 7th Annual Bankers Committee Retreat held in Lagos from Dec. 10 to Dec. 11. This looks like a step in the right direction as the revenue from oil in 2016 is bedeviled…

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8 ways to... motivate your finance team

8 ways to… motivate your finance team

fm-magazine.com

The following are some excerpts from 8 ways to motivate your finance team

1 Partner with operations people “Finance people may come in with technical skills, but they want to learn about the operations as well.”

2 Beware micromanaging Stephen Brooks, specialist in people management at PA Consulting, says there are three proven ways of motivating people: what he calls “autonomy,…

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Creating an Optimized Environment for Audit Quality

IFAC.ORG

The business environment around the globe is in constant change and getting more and more complex almost on a daily basis. Auditors have been challenged by regulators and other stakeholders to demonstrate that they can keep pace with such changes while maintaining a high level of quality in their work. While initiatives taken by auditors are essential on the path to enhancing audit…

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Nigerian Should prepare to pay more for electricity

In order to restore sanity to the power sector and boast power supply in Nigeria. Nigerians have been told to prepare to pay more to enjoy better power.

According to NERC the new tariffs would be fair to the consumers, adding that the Federal Government had together with the 11 power distribution companies made useful inputs into the new rates.

The tax payers are always at the receiving end of…

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Senate plans to buy over 120 new cars

in the midst of the financial hardship biting the Nation the Senate might be embarking on a spending spree, buying cars they do not need.

According to Sahara Reporters:

Below is the number of vehicles and estimated cost in summary.

120NOS Toyota Land Cruiser — N4,410,000,000:00

1Nos.Mercedes Benz S550 — N49,020,625:00

4nos. Toyota Prado — N149,650,000:00

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