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Sunday, 28 February 2016

Where went the 9 wealthiest people in the world in 1923?

In 1923, nine of the wealthiest people in the world met at Chicago's Edge Water Beach Hotel.
Their combined wealth, it is estimated, exceeded the wealth of the Government of the United States at that time. These men certainly knew how to make a living and accumulate wealth. Attending the meeting were the following men:
1. The president of the largest steel company,
2. The president of the largest utility company,
3. The president of the largest gas company,
4. The president of the New York Stock Exchange,
5. The president of the Bank of International Settlements,
6. The greatest wheat speculator,
7. The greatest bear on Wall Street,
8. The head of the World's greatest monopoly &
9. A member of President Harding's cabinet.
That's a pretty impressive line-up of people by anyone's yardstick.
Yet, 25 years later, where were those nine industrial giants?
Let’s examine what happened to them 25 years later.
1. The President of the then largest steel company (Bethlehem Steel Corp), Charles M Schwab, lived on borrowed capital for five years before he died bankrupt.
2. The President of the then largest gas company, Howard Hubson, went insane.
3. One of the greatest commodity traders (Wheat Speculator), Arthur Cutten, died insolvent.
4. The then President of the New York Stock Exchange, Richard Whitney, was sent to jail.
5. The member of the US President’s Cabinet (the member of President Harding's cabinet), Albert Fall, was pardoned from jail just to be able to go home and die in peace.
6. The greatest “bear” on Wall Street, Jesse Livermore committed suicide.
7. The President of the then world’s greatest monopoly, Ivar Krueger, committed suicide.
8. The President of the Bank of International Settlement, Leon Fraser, committed Suicide.
9. The president of the largest utility company, Samuel Insull, died penniless.
What they forgot was how to "make" life while they got busy making money!
Money in itself is not evil; it provides food for the hungry, medicine for the sick, clothes for the needy. Money is only a medium of exchange.
We need two kinds of education:
a) One that teaches us how to make a living,
and
b) One that teaches us how to live.
There are many of us who are so engrossed in our professional life that we neglect our family, health and social responsibilities.
If asked why we do this, we would reply that "We are doing it for our family".
Yet, our kids are sleeping when we leave home. They are sleeping when we come back home!! Twenty years later, we’ll turn back, and they’ll all be gone, to pursue their own dreams and their own lives.
Without water, a ship cannot move. The ship needs water, but if the water gets into the ship, the ship will face existential problems. What was once a means of living for the ship will now become a means of destruction.
Similarly we live in a time where earning is a necessity but let not the earning enter our hearts, for what was once a means of living will surely become a means of destruction for us as well.
So take a moment and ask yourself, "Has the water entered my ship?"
I hope not!
Hope the above story will drive all of us in a better direction in 2016.
   
    ''Alone I can 'Say' but
    together we can 'talk'.

    'Alone I can 'Enjoy' but
     together we can
    'Celebrate'.
   
    'Alone I can 'Smile' but
    together we can 'Laugh'.
    That's the BEAUTY of
    Human Relations.
    We are nothing without
    each other
  
    😊Stay Connected!!😊

Saturday, 20 February 2016

FALL OF NAIRA TO THE DOLLAR, DON'T BLAME BUHARI :- Sen. Ben Murray Bruce.


Many Nigerians are complaining about the constant fall in the value of the Naira and they blame the Government.
But is the government really to blame? In truth, our insatiable appetite for all things foreign is to blame.
I always fly Arik Business Class whenever I am traveling abroad except Arik does not fly on that route.
Not only is an Arik ticket a fraction of the cost of a British Airways ticket, but the money I pay to Arik circulates in Nigeria and helps firm up the Naira’s value.
As I speak to you today, a British Airways Business to London is ₦2,103,666 while Arik Business is ₦551,545 yet our elite still fly BA
But though Arik offers an affordable alternative to British Airways and other foreign airlines, our big men prefer to pay double what Arik charges to BA and other foreign airlines for the same services and yet they complain about the value of the Naira.
I have Nasco cornflakes and I have eaten Kellogs cornflakes. In terms of nutrition and taste they are almost indistinguishable. Yet our elite who will rather eat Kellogs than Nasco cornflakes, wonder why the Naira is falling!
Even something like Quaker Oats can be substituted with corn meal known locally as pap.
Obasanjo Farms of Nigeria and other large scale poultry farms have the capacity to provide chicken for the entire nation. Since that is the case, why are we even buying imported chicken?
In fact what is wrong if every family in Nigeria has a poultry in their backyard to give them eggs and meat?
My steward went to Makoko, which is one of the largest fishing communities in Lagos. He wanted to buy fish and they were selling imported frozen fish!
Yet in the very waters in front of them, there exist fresh fish that is more nutritious than the cheap frozen fish they were selling.
We keep spending over 1 Billion Naira importing rice when our own farmers are capable of meeting our national demand for rice. But for some reason, Nigerians just prefer to buy imported rice.
The imported rice we buy in Nigeria is not as good as our local rice because it has been stored for years in silos and treated with chemicals.
Moreover, every time you buy it, your money is going out of Nigeria to service an economy in Asia. The end result is that their currency gains value while ours loses value.
Have you ever wondered why European Premiership Clubs are so interested in Nigeria? It is because Nigerians spend billions traveling to Europe to watch their games, buy their merchandise and promote their leagues.
Yet, back at home, we would not be caught dead watching our own local league.
If we will not spend money on made in Nigeria goods and services, how can we expect our Naira to hold its value and appreciate?
Obviously we can not cut ourselves off from the world. No nation is an island, but at least we can fly Nigerian airlines, eat locally produced food and patronize our football league.
If we do this, not only will our economy grow and produce jobs for Nigerians, it will also make our goods and services improve in value such that they will be attractive enough to be imported.
I bought Innoson vehicles as official cars for my staff. I have never lived to regret it one day. They are comfortable and durable. But most of all, I know that my purchase helps to keep jobs in Nigeria and improve the value of the Naira.
I urge you to do the same. We have no other country but Nigeria and it is you and I that will make it what it is.
If we buy Naija We Will Grow Naira.

My name is Ben Murray-Bruce and I just want to make Commonsense!

#BuyNaijaToGrowTheNaira# MadeInNigeria
Be Proudly Nigerian.
Share if you agree.

Friday, 19 February 2016

EXCHANGE RATE NEWS: Naira to Dollar price

Today....the dollar in the black market was sold for 370 and bought at 367.

The price seem to have reduced a bit against yesterday when the price rose as high as 380 for buying and 385 for selling.

Government Tompolo declared WANTED : EFCC granted warrant by court for his ARREST

Government Ekpemupolo has been declared wanted by the Economic and Financial Crimes Commission today Friday 19th February 2016.  The current whereabouts of the former militant leader is unknown , despite several efforts of military personnel to fish him out in the creeks of Delta state.

EFCC received a warrant order of arrest of 'Tompolo' on 8th of February 2016  after he ignored repeated calls for his presence before EFCC for interrogations. Mr Tompolo is being wanted for various financial crimes running into billions of Naira. Mr Festus Keyamo informed a judge on Friday that security agents has tried their best to fish him out, but he has been no where to be found.


Mr Tayo Oyetibo who represented Mr Tompolo at the court pleaded that the court to set aside  an order of substitute service which the judge had earlier granted in the court.  However, the judge, , Justice Ibrahim Buba dismissed the appeal and renewed the warrant order  that was earlier issued by the court for the arrest of the former militant leader.

Mr Tomoplo non appearance to the court was tagged disrespectful by the prosecutors . Mr Festus Keyamo told the court that to adjourn the case and also filed  an application for the court to seize all the identified assets belonging to Mr Tompolo and if he fails to appear before the court within three months, all his assets would be auctioned by the federal government.

Zenith Bank still forging ahead


Zenith Bank forges ahead despite its harsh operating environment in Nigeria. Zennith bank is the third largest bank in Nigeria and it has an asset base after Ecobank and while First bank Nigeria remains the No.1 bank with massive potential for improved growth oweing to the banks governance and efficiency in operation.
Ever since 2010 audited report of the bank, Zenith bank has observed tremendous growth in every or almost all aspect of its business processes and also growing its gross earnings to a 4 years compounded annual growth of 20.31% and improving its profit after tax by an impressive 27.70% for a 4 year CAGR.
Zenith banks growth rate is undoubtedly impressive and the bank is believed hasn't reached its full potential oweing to the fact that Nigerian economy is still expanding and this expansion is an opportunity for massive growth in the nearest future.

Thursday, 18 February 2016

DOLLAR TO NAIRA EXCHANGE RATE

The exchange rate today shows that the naira is begging for mercy and nothing seem to done so far to the cries of the naira as $1 is now at 358 to the USD. Although, the federal government still has its price to dollar to be 199 which is far from what is experienced in the market .



Wednesday, 17 February 2016

Identical Twins got denied of Drivers Licence in Georgia

There is a funny case at the Department of Motor Vehicles as some identical twins got denied of drivers licence due to the close resemblance. The Department of Motor Vehicle [ DMV ] head had to deny the twins of drivers licence when each of the girls could not be differentiated from each other. According to the girls, the both applied for drivers licence and submitted their papers for approval. 

The girls whose names are Alicia and Alicen were shocked when the head of DMV told them their request was rejected due to their close resemblance.

Tuesday, 16 February 2016

Adele performed woefully at 58th Grammy Award.

The famous singer Adele sang at the 58th Grammy awards and her performance was nothing to write home . The singer who was one of the most anticipated performer had her performance mauled by technical and audio issues from the mic and piano.

The big throated  English singer who has been selected to perform her ballad was noticed to be flat when her song became so flat and also mixed with clanging sound at her background and her microphone seizing during her performance. Some moment into the song, it could be noticed that the singer looked not just surprised herself but also distracted as she continued to sing . 

APC - THE BROOM PARTY may be in trouble

The broom revolution party in Nigeria, popularly referred to as APC might be in big trouble with these five facts. Recently, the party has been having hiccups in some areas which if not quickly attended to or addressed, could escalate beyond what the party can handle.


The ruling party, All Progressive Congress [ APC ] could be having difficult times than they have ever had before in history as the party has held on to power for about 12 months now after being the first opposition party in Nigeria to defeat the ruling party. However, all seem not to be well as the party has been facing serious call for the changes they promised the masses when campaigning for various political post across the federation. Not only is the fact that many Nigerians want to see an impromptu change , but also, some internal heat is really causing the party distress.

APC seem to be having a whole lot of challenges these days and the most common or prominent ones are ;

Sunday, 14 February 2016

Are you Yudala ?

Have you heard of Yudala stores...are you Yudalian....

Yudala.com is a new online store just like Konga.com, Jumia.com, Kaymu.com ore dealsday.com. Currently, the store is gaining more online and offline exposure and leaping with giant strides. The store recently has partnership with Airtel Nigeria to lunch a new andriod phone which subscribers can buy and get many bonuses and benefits that is sin-qua none to others.


Online stores in Nigeria are becoming the wave these days, but how can online stores really impact the economy. Are these online stores having a good escrow service and good products and wonderful service delivery. A recent chat with a customer care representative really showed that Yudala is ready to face the big giants in Nigerian online store business.

Tomatoe glut in Nigeria

Have you been to the market recently to price tomatoes or other related vegetables? Have you seen the quantity been sold at the market these days. It is no doubt that Nigeria is currently experiencing Tomato glut as tomatoes are just about everywhere and sellers are practically begging buyers to buy from them as the veggie' is a perishable good. 
Tomatoes and many other vegetables and fruits gets destroyed season by season and year in year out. Up till this present moment, there has not been any board set up to mop up the excesses in the market and reduce the rate at which these perishable fruits get spoilt . There are many ways through which these vegetables can be preserved. We can adopt the canning technology or drying method  to preserve.


But by far and large, the government still has a lot of role to play when it comes to preservation of agricultural produce. Another major setback in the agricultural product is the prices of these goods. Many at times, when the goods or vegetables and fruits get in excesses at their season, their prices fall drastically. A case study is the sale of tomatoes currently and the quantity that is been sold. What we have currently now is twice cheaper and fresher than what we observed been sold during the dry season. The point here is simple, farmers are running at a loss and subsequently, the sellers because there is a limit to which an individual can consume or based on the consumption per family head.

There is urgent need for the government to put modernized methods of preserving perishable goods into practice if the country is to make the most out of the agricultural sector. We should also not forget that the agricultural sector was the main stay of the Nigerian economy in the early 60’s before the discovery of oil and up till now, the sector is still begging for help to be revamped and the government has been trying, but major focus still remains on oil.
As the price of crude oil continues to dwindle and many more countries are now discovering oil and modern sources of alternative energy supply, our government should endeavor that all hands is put on deck to revamp the agricultural sector, manufacturing sector, energy sector, and reduction in importation not just to make us have alternative sources of income apart from oil, but to be more efficient in utilizing our natural resources and avoid continuous waste and poverty.



Article by:
Joseph Erinle.

Ben Murray-Bruce Blast a twitter-Talks tough

The social media these days can really make people say dandiest thing which they call speeches. Recently, on twitter , Ben Murray made some comments on why Nigerian needed to have young ministers. This is supposedly a reaction to the ministerial list by the president. It is no more breaking news that Nigerian Ministers and governors are far advance in age than several decades ago.  Ben Murray is so expectant to see a brand new Nigeria having more youths into the government system when a twitter gave the following comments below and Ben gave a reply. 



Twitter updates or the social media updates in general is a good way to express oneself ,

Buhari sacks 13 Universities V.C

Thirteen (13) Vice Chancellors that were appointed during the regime of president Ebele Goodluck Jonathan have been approved to be sacked by President M. Buhari. This was from a statement made by the minister of education Adamu Adamu and new Vice Chancellors has been approved to replace the out-gone ones. Some of the new appointees are ;


Kayne West calls for prayer to pay his $53 Million debt

Famous actor and singer Kayne West twitted recently that he has a debt of up to $53 million to pay. He is calling on friends and well wishers to pray for him to overcome his debt . Kayne is belived to be very rich and the speculation going round now is that he may be saying this to gain another public attention.

Personal Assistant falls down in shock over a car gift from Boss.

Wonders they say shall never end and it pays to be a good servant . What will you do if you get to work on a faithful morning and your Boss gives you a brand new car?

Anyway, a lady just got that as a gift and what was expected to be celebration of joy nearly ended up in tragedy after a lady named Gbeminiyi who is expected to turn 31 years old today 14th of Feb 2016 received a surprise birthday gift of a brand new Toyota car from her boss.
The personal assistant has been serving her Mistress Iyabo Ojo, a popular actress when the actress decided to reward her for her faithful deeds.

On hearing that the car was hers as a birthday gift,