Wednesday, 29 October 2014
For The Ladies in the House!!!! Sure means to prevent him from cheating
Almost any woman, no matter where and how she lives, what her social and marital status is, at least once in her life either faces the problem of her man cheating or questions herself on whether he is being unfaithful.
The portal YourTango represented by the lady-journalist decided to address all women around the world and explain why men cheat and how to prevent such development.
What are the common reasons for the indecent behaviour? He wants more spice in his sex life, he is bored, he lacks attention from his second half, he wants to exercise his freedom or he is just tired of disappointing his partner. Some even attribute it to biological factors that man is meant to procreate with many women for the sake of preserving species.
However in many cases the two partners speak different love languages, which can actually be solved inside the couple, as like all human beings men have an innate need to feel respected and also be a hero for his second half.
These 10 tips will be definitely helpful for any woman in relationships. So, how to prevent him from cheating:
1. Be the one who initiates sex
Sexual relationships is the one of the means to show him he is loved and desired. Do not neglect the physical contact as for our strongest halves desirability is also associated with masculine power and success.
2. Be open for experiments
Do not let comfort and fear of the unknown prevail over you when it concerns new sexual experiences. Allow yourselves to try something new. Unless you do, he might eventually find another woman for experiments. By “new” the author is not saying that you should engage in sexual activity you find repulsive but allow yourself to experience new things with the man you love.
3. Don’t over-accommodate
Sometimes when the woman works hard to become a perfect match for her partner, she becomes too accommodating and might even lose herself. Thus the man ends up in realizing that he got what he had asked for but isn’t sure it’s what he really wants. Have you ever noticed that men get into relationships with a very clear picture of what a perfect woman should be but casually date the “contrasting” women?
4.Too much control
Sometimes we get naughty and try to make our relationships work the way WE want them to be. Thus we engage in destructive relationship habits like complaining, blaming, criticizing, etc. Here you should focus on controlling yourself but not your man.
5. Let him see that you appreciate him
You found the right man, you “got” him, the thing is done – he will be yours forever. Yes? No! Remember, all relationships are voluntary and he can leave any time. Even children is not always a reason for him to stay. So show him your love, tell him about it and make sure your man knows how important he is for you.
6. He needs time for himself
Did you know that some men cheat because they consider it a means of exercising their freedom? To avoid it allow your man time for himself without you. Surely, girls love doing everything together with their second halves, but you should be careful not to monopolize all your guy’s time.
7. Be aware of your emotions
Whether or not we are aware of it, women are masters at using their emotions to communicate volumes without speaking any words. We communicate anger, rage, sadness and disappointment that is received by our partners.
Again, control is the answer. Remember: any person gets tired of being a constant disappointment, not only men!
8. Prioritize your relationship
Often, when a man cheats, you will find the woman is also having an “affair” that’s not sexual, but in the form of prioritizing something else over relationship: job, children or anything that puts her man lower on her totem pole than the first position.
If he is your true love, other thing should fade away and the relationship will still be there if you tend to it carefully.
Of course no article poses a universal solution to the problem, as every relationship is unique and many factors might can contribute to the split in the couple. However we tend to make mistakes and it is important to realize them because so only we can stop repeating them over and over again.
Hopefully this article helped you to make some mental notes for your bond to be sacred and happy.
Must read!!! Surest signs that your lover is lying to you.
Inspiring!!!! How a poor abuja girl became a millonaire by working hard.
Tuesday, 28 October 2014
Latest tricks which lagos runs girls uses to lure men
Few things you need to understand about dem so called lagos big girls
BUSTED!!!!! Crazy things abuja big girls do just for money
SHOCKING!!! Meet 19 year old girl who plans to sleep with different men in every city she visits
How prostitutes seduced and duped a 68-year pensioner
SHOCKING!!!! A woman who delivers of a baby boy after 5 years pregnancy
Female corper lands in trouble over love portion
We probably may be the last Nigerians to see these animals
1. West African lion
In 1970 there were approximately 200,000 lions all over Africa. Now there are nearly 20,000. It was estimated that there are just 645 genetically distinct wild lions left in western and central Africa, with as few as 34 remaining in the whole terrirtory of Nigeria. Clusters of lions remain in Burkina Faso, Niger, the Central African Republic, Cameroon and Chad. In Ghana, The Ivory Coast and Togo there are already no lions left.
2. Cross River Gorilla
Gorillas who used to be the kings of jungle are now numbered at fewer than 300 in the forests of Nigeria and Cameroon. In 80th it was believed that this kind of primates has already become extinct. But later it has been learnt that they were still there. So there is still some chances for their lucky future.
3. Cameroonian forest shrew
These tiny rats are also endangered species. They can be found in the Montane forests of Western Cameroon around Mount Oku and Lake Manengouba, and in Southeastern Nigeria in the Gotel Mountains or Adamawa Plateau.
4. White-throated guenon
The next vulnerable member of our list is a white-throated guenon. He is also called red-bellied monkey and the red-bellied guenon. These creatures live in rainforests or tropical areas of Nigeria and Benin. These monkeys eat fruits, small insects, leaves and crops. They live in small groups of 4 or 5. The white-throated guenon was once thought to be extinct due to constant hunting for their fur, as the animal has a unique red belly and white front legs. But a small group was found near the Niger River in 1988
5. Red-eared guenon
This kind of monkeys is also endangered. They can be found in Cameroon, Equatorial Guinea, and Nigeria. Its natural habitat is subtropical or tropical forests. The reasons of its extinction are illegal hunting and pet trade.
The Nigeria Bond Market
PURPOSE
Nigeria’s capital markets lack the liquidity needed for a sustainable bond market that can fund growth and development in the public and private sectors. This is a proposal to remedy market illiquidity and provide solution recommendations. The economic environment in Nigeria is sophisticated and suitable to create a sustainable vibrant bond market that can be vital in economic development. The success of the bond market depends on the collaboration between the market operators and financial institutions including the Central Bank of Nigeria (CBN). The Municipal Securities Rulemaking Board (MSRB) , Debt Management Office (DMO), Securities and Exchange Commission (SEC), CBN, and the Nigerian Stock Exchange (NSE) must ensure that regulated bond trading operations in a shadow and little understood repo market (repurchase agreements) is protected against illicit operations.
BACKGROUND
Treasury Notes/Bonds & Municipal Bonds
Nigeria’s sovereign bonds (debt) have been in existence since the 1970s. However, the bonds issued then had been illiquid and redeemable only to the Central Bank of Nigeria (CBN) upon maturity. In 2003, the Federal government returned to the debt market to mobilize funds for long-term capital projects. In the process, the government effectively championed the creation of an Over-the-Counter (OTC) bond market by issuing short-term maturity notes.
Today, the Federal government of Nigeria (FGN) has issued about four trillion naira (N4.0 trillion) worth of bonds that are supposed to be trading in OTC market. The approved budget in 2010 has authorized the CBN to underwrite for the DMO to raise nearly eight hundred and sixty billion naira (NGN868.00 billion). However, these bonds rarely exchange hands and are considered illiquid by most of the institutions that purchase them in the primary market at the Primary Dealer/ Market Maker (PDMM) auctions. Recently, a few municipal governments such as Lagos, Ogun, Rivers, Imo (issued 2016, 18.5b naira @ 15.5%), Bayelsa, and Abia states have either issued or received approval to issue bonds for long-term capital projects. The total amount of bonds or pending issues is less that five hundred billion naira (Corporate Bonds and Debentures
In the private sector, corporate bonds and debentures are not often or have not been considered as an option by many companies in funding expansion and innovation. Recently, First Bank, Plc has received approval from the SEC to issue or has already issued about five hundred billion naira (N500 billion) worth of bonds dominated in naira currency. Other companies such as GT Bank, Plc, and Access Bank, Plc have issued foreign currency dominated bonds and convertible bonds respectively. The total amount of bonds issued in the private sector is less than one trillion naira (DEVELOPMENTS
In 2006, the DMO introduced a PDMM system to provide at least a two-way quotation or multiple quotations for government bonds in OTC market. This initiative was hailed as a significant development in providing liquidity in the bond market. Further enhancement of this PDMM system would have created opportunities for municipal bond underwritings and eventually, corporate bond underwritings for listing on the NSE. However, lack of repos to help primary market dealers to manage their liquidity and finance inventories became a major set back in trading bonds in the secondary market. Ideally, as envisioned by the DMO, the twenty one (21) registered members of the PDMM syndicate were/ are supposed to support the secondary market for bonds by placing bids as principals (take in the bonds for their inventory) or as brokers (buy and fill orders for clients at a commission/ mark-up) anytime a bond investor tenders bonds for sale. Without repos, an over night or short-term borrowing, to provide liquidity in the market, an active bond market is improbable.
BOND MARKET LIQUIDITY
The OTC bond market can be as active and liquid as the equity market if the local investment community understands the critical role the market plays in the economy and more importantly, the stability that the investment product provides to a managed portfolio. However, there is a misunderstanding of the product and the market by many investors including big institutional portfolio managers, pension fund managers, endowment administrators, public accountant generals, corporate chief financial officers, and private wealth bankers. Unfortunately, even principals / agents of some PDMMs don’t fully understand the nature of these investment products.
The repo market is the life line of the Treasury securities trading. Repos play a central role in providing liquidity for the vibrant trading and financing of Treasury securities. Without repos, it’s hard for PDMMs to generate enough liquidity to own assets on their books and take advantage on new opportunities in the market place. Repos provide the liquidity for traders to take risk in trading assets from low yielding investments to high yielding opportunities. Lack of repos in the bond market has forced bond investors at the PDMM level to hold bonds in their portfolios, at times, longer than anticipated at the time of purchase in the primary market. Many PDMMs have reported holding FGN bonds in their portfolios for substantially longer periods than planned due to lack of marketability for certain bond series. Others have expressed frustration in holding bond inventories that ordinarily would have been traded for other opportunities in the capital market.
Bond Market Liquidity Constraints
The causes of tightened liquidity in Nigeria’s economy in the past three years have largely been self inflicted by misinformed CBN’s monetary policy and the banking industry’s greed to be dominant capital market operators and formidable commercial banks. The monetary policy rates in the past three years have frozen liquidity in the bond market and created a huge gap in the federal debt management program that even the strongest capitalized banks have been struggling to maintain reserve requirements and liquidity ratios with creative bookkeeping and questionable lending practices as the recent bank audits have demonstrated.
The banking industry’s greed had pushed many banks into bogus underwritings of initial public offerings (IPO) of securities of their own competitors as a way to create wealth for the principals and insiders of the organizations. The banks had liquidity for legitimate business investments that would have recorded the greatest economic expansion of all times in Nigeria, but they chose to extend huge loans to favored customers and clients for pre-IPO share purchases. Since the share purchases were not in companies involved in the real sector of the economy, the loans did not have much impact on the overall economy, except to generate more wealth for the people that were already wealthy.
From 2006 to 2008, the Central Bank focused narrowly on stabilizing the value of the naira relative to foreign currencies and holding down inflation. The inability of the CBN to manage short-term interest rates crowded out private capital in the massive economic expansion that the Nigerian economy had enjoyed in five consecutive years. The DMO’s excellent ground breaking initiatives to manage government’s deficit financing for capital projects, drained the much needed capital in the private sector through debt auctions at coupon rates that were not synchronized with the CBN’s monetary policy targets. The liquidity crunch in the capital markets was caused partly due to the CBN’s monetary policy rates and exchange rate regimes that favored the twelve biggest banks that were also the largest participants in Treasury securities auctions. Actually, it can be argued that the DMO’s ongoing deficit financing initiatives in an uncoordinated monetary policy regime by the CBN overexposed the expanding economy to external shock that led to a panic sell off in the stock market by insiders which led to a market meltdown.
The Price of Capital
The haphazard pricing of capital in the economy has confused and continue to baffle even the most sophisticated investors in Nigeria’s capital market. The idea that capital can best be invested in shares of financial institutions rather than in the real sector of the economy, made many analysts to wonder where the true foundation of the economy lies. Many banks extended margin loans and over leveraged their assets by diverting liquidity from long-term investments that would have been more meaningful for the real sector of the economy to artificially inflated stock prices. Investors in Nigeria’s capital market have not had real alternatives in asset allocation due to lack of investment products in the equity market on the one hand and sloppy CBN’s monetary policy rates for short-term money market rates and fixed income securities on the other hand. The CBN’s interest rate policy has rarely had any impact on the direction of capital movement. The wide discrepancies in interest rates ranging from the Treasury bills to Treasury notes/ bonds auctions, to monetary policy targets, to inter-bank lending offer rates, to prime rates, to consumer lending rates, etc… have made any rational expectations a luxury consideration for serious investors. Simply, economic forecast of leading indicators like inflation, employment, consumer sentiments, and investments are often hard to compute. As a result, investors and traders do not, very often consider allocation of assets based on trends in the economy. The exchange rates and crude oil prices, the only true measurable indicators win consideration at all times in asset allocation.
Just as repos are vital for a vibrant bond market, interest rate policy plays even a more important role in bond trading. Since there is an inverse relationship between bond prices and interest rates, and since bond yields move in opposite direction to prices, bond traders need some signals from the CBN about the direction of interest rates so that they can calculate the risk factors associated with making fixed income investments versus long-term wealth creation and/ or preservation investments.
BOND TRADING AND REPOS
One of the most important sources of mobilizing funds for development is by issuing bonds. Bonds are “I Owe You’s,” generally called IOUs (debt) that are issued by the Federal and Municipal governments, and corporations to mobilize funds to manage infrastructural development. Bonds are issued in tenors (maturities) of three, five, ten, and twenty years long. A bond is a debt instrument that must be paid back with interest at a future date by the issuer or borrower. When a borrower issues a bond, they must price it with a coupon rate based on the prevailing interest set by the CBN’s monetary policy rates. In the case of a municipal government, the rating of the municipality also factors in the interest rate pricing of the bond. The longer the tenor of the bond the higher price (interest) the lenders of money to the borrower expect to be paid and vice versa for the shorter maturities. The borrower pays the lender periodic interest, usually every six months, on the bond until the bond matures and at that time, the final interest and principal are paid back to the lender. In reality, no lender (bond investor) of money to the bond issuer (borrower) wants or expects to hold the bonds they have bought for the entire duration to maturity, regardless of how short the tenor is.
Therefore, bond trading becomes an important capital market. Since the bond market is very sensitive to interest rates (the main determinant for prices and yields on bonds) and other economic management factors such as inflation, unemployment, and economic growth the CBN’s policy plays a significant impact on the stability of the bond market. Just as margin trading is important in equity investing, repos are the life line of bond traders. Repos provide opportunities for PDMMs and smaller bond traders to manage liquidity and take risk in portfolio asset allocation
Repos or Repurchase Agreements
Repurchase Agreements are contracts for the sale and future repurchase of a financial asset, especially Treasury and municipal securities that are used to collateralize the loan. For example, a bond trader can buy Treasury securities and simultaneously collateralized the securities in an overnight repo deal as he looks for someone to sell the securities to at a profit. These assets are bought and sold in hundreds of millions of naira per transaction. Most buyers of these assets do not intend to hold the assets for the entire life to maturity. Many investors buy these assets because they are the safest investments to pack cash at a decent return while waiting for spending budgetary allocations. Others investors choose these assets for tax purposes and as stable fixed income, especially at a time that inflation is not a threat to the erosion of purchasing power. Holding these assets in inventory for trading requires huge amounts of money for bond traders. Therefore, bond traders need repos with such institutions as the CBN, municipal governments, banks, insurance companies, large companies, government corporations, and wealthy individuals to be able to buy and sell bonds as supply and demand detects in the market place.
Overnight or term repos provide liquidity to bond traders to buy and sell hundreds of millions of naira worth of bonds from other dealers or sellers. In a repo deal, the bond trader specifies in the agreement the sale price, the repurchase price, the interest rate, and the termination date. If the agreement is valid for only twenty four hours, it becomes an overnight repo. If it rolls over to another day and several more days, it becomes a term repo, however. On the termination date, the bond trader repurchases the asset at the same price at which he sold it, and pays interest for the use of the funds.
Repos are short-term interest-bearing collateralized loans for usually high grade interest bearing paper, such as Treasury securities and municipal bonds. The liquidity of the bond market depends on the fluidity of repos. If regulated well, repos provide an opportunity for financial institutions including, banks, thrifts (savings & loans), microfinance, pension fund managers, and insurance companies, to invest their surplus funds in overnight lending just like the inter-bank lending offer rate that is restricted to only banks. Overnight repos provide yield enhancement opportunities to professional asset managers at almost no risk to clients’ assets.
PROPOSED SOLUTION
The OTC’s Bond Market has challenges that can only be resolved by the CBN because it is the only institution that can provide liquidity and guarantee third party borrowing in financing trading of government securities. The pivotal role of the CBN in the operations of a vibrant bond market compels it to take the following actions to ensure the market exits
1. Create and support a repo market that allows only PDMMs to participate. Since repos play a vital role in bond trading, the CBN should manage and /or monitor daily repos on collateralized government securities. This initiative can elevate the level of confidence in the market and attract foreign investors such as hedge funds, mutual funds, and foreign governments.
2. Collaborate with the DMO and SEC in the qualification and registration of PDMMs. The registration process must set a ceiling for each member’s transactions in the repo market based on capitalization. This process is important because it helps to establish the upper limit that a PDMM can leverage its assets in bond purchasing and trading. Once a dealer reaches the upper limit for the CBN’s margin rate based on capitalization, the systems monitoring mechanism will send out a red flag if a dealer attempts to effect a repo transaction that has overleveraged its ability to pay even with collateralized high grade assets.
3. Collaborate with the NSE and SEC in the qualification and registration of licensed stockbrokers who are designated by their firms as principal bond traders in the repo market. These individuals must have sufficient training to merit supervisory roles in bond trading and must be willing to submit to the SEC’s periodic review of their licenses for any violation of securities laws and other criminal conduct.
4. Guarantee, regulate, and monitor foreign investments in treasury securities to ensure that the CBN’s foreign exchange rate regimes are strictly adhered to in the massive trading of treasury securities to foreign entities.
5. Guarantee, regulate, and monitor surplus funds invested in the repo market by non-financial institutions such as municipal governments, large corporations, high net-worth individuals, endowments, and the like in the repo market.
The repo market is the engine that powers the bond market and creates equilibrium in the supply and demand for trading government securities and other high grade debt of companies in the private sector. The CBN’s monetary policy determines the supply of funds in the repo market and the overall direction of cash movements in the capital markets. Therefore, a vibrant bond market is possible only with the CBN action.
The War Against Corruption in Nigeria
Apart from the game of football, one other thing that unites Nigerian citizens is the war against corruption. It has been generally accepted that corruption is evil and responsible for the nation’s gross underdevelopment. With the high amount of human and material resources abound in the country, it is believed that Nigeria was supposed to be counted among the first twenty industrialized nations on earth. Despite the deep conviction about the negative effects of corruption on Nigeria, cases of graft have continued to be on the sharp rise. The situation is so bad that corruption has almost turned out to be a national culture. For nearly two decades now, Nigeria has been named among the ten most corrupt nations in the world by internationally recognized anti-corruption organizations. Apart impacting negatively on the country’s image and integrity of her citizens abroad, this negative tag has also slowed down Direct Foreign Investment (DFI) in Nigeria.
There is no doubt about the strong desire of every incoming administration in Nigeria to fight corruption. Somehow, this desire has failed to curb the rise in cases of corruption due to several factors. Chief among them is the crass ignorance of the root causes of corruption in the country. Correct diagnosis is very fundamental in finding cure for an illness. The inability of successive administrations to cure Nigeria of corruption can therefore be rightly attributed to the shallow and narrow nature of the nation’s anti-graft protocols. Presently, the war against corruption is mainly anchored on the principles of investigation, arrest, and prosecution of suspected offenders. This can be likened to mowing a lawn. Sooner or later, the grass will grow again. To effectively fight corruption, its roots must have to be uprooted. The rise in cases of corruption is linked to a number of fundamental factors. They include wrong social orientation, poor
leadership culture, unemployment, poverty, tribalism, and the lack of political will.
A nation is like an engine-less boat in the ocean. It would need a team dedicated and experienced crew to sail it to shore. Poor leadership culture has contributed to the collapse of key public infrastructure and utilities in the country. Nigeria has now become a popular reference point during academic discourse on failed states. The nation’s power, transport, health, educational, industrial, and agricultural sectors are all in shambles. This has led to a spontaneous weakening of the nation’s oil-based socio-economic framework. Owing to these factors, unemployment, poverty, and crime have been on a sharp rise since about 1979.
The nation’s weak socio-economic framework has either reduced or eliminated a number of platforms that would have helped to expand the economy. This has voluntarily frozen several opportunities to create jobs and legitimate wealth. Nigerians are therefore forced to embrace sharp practices to make ends meet. Unlike in the pre-colonial era when all forms of corruption were seriously frowned at, people now openly celebrate known corrupt citizens. While very many do so because of poverty, others do it in order to secure political power. Poverty has virtually turned Nigerians into praise singers. Nigerians have found out that praise singing is one sure way through which they could benefit from the dividends of democracy. It is important to point out that the rise in poverty level in Nigeria has negatively impacted on the nation’s political culture. The few money-bags now find it very convenient to manipulate the electoral system and dictate who wins what
election. It is the electorates that hold the key to credible elections. As long as poverty is still widespread in Nigeria, the much talked about electoral reforms will make no much difference.
Tribalism is another source through which the culture of corruption is sustained in Nigeria. Owing to the deep tribal-coated nature of Nigerian politics, citizens are tempted to turn blind eyes when their tribesmen and women are involved in corrupt practices. This is where the issue of political will comes to play. For Nigeria to win the war against graft, the presidency must show strong political will by ensuring that the issue of “sacred cows” are eliminated in the fight against corruption. This is the only way the masses would develop confidence and support the anti-graft agencies. Let what is good for a thief be good for the rogue also.
One other lake that waters the roots of corruption in Nigeria is the nation’s wrong social orientation. Men are created naturally to be honoured and respected. Unfortunately, the contemporary Nigerian society no longer honour citizens based on their industry, intellect, or integrity. Men are now recognized based on their movable and immovable assets. That is the reason why a Nigerian would own a fleet of fifteen choice cars and build or buy castles in all major cities of the world. Up till now, no Nigerian citizen has been conferred with national honour for not dipping hands into government purse while in office. How can Nigeria win the battle against corruption when citizens that refuse to steal public funds are ridiculed and labelled either as dullards or fools? The Nigerian society is never polite, patient, or sympathetic with honest people. Except some practical actions are taken to encourage sound moral values in society, the war against
corruption will suffer severe blows.
But above all, the nation’s anti-graft legislation should be designed to make corruption unattractive. Nigeria would therefore need legislation that would compel citizens to live within their verifiable means. Let it be unlawful for any one (citizen and foreigner) to spend or invest up to N3m and above without disclosing the sources of the money. Furthermore, the nation’s anti-corruption legislation should also be strict about tax crimes. It is a known fact that a lot of Nigerians do not pay taxes and thereby robbing government of huge revenues. The war against corruption in Nigeria would experience a big boost if citizens are compelled by legislation to live within their means. Government must however do well to improve on the delivery of public infrastructure and utilities.
The proposed anti-graft legislation should require every person (citizen or foreigner) in Nigeria that wants to spend or invest up to N3m and above to swear to an affidavit in a competent law court, stating sources of the money. Certified true copy of the sworn affidavit and tax clearance certificate should then be filed with an appropriate anti-graft agency for record purposes. Immediately following this, the anti-graft agency will issue a Confirmation Certificate with a unique number. This should be the only condition upon which any person (citizen or foreigner) can spend or invest up to N3m and above in Nigeria. It should also be an offense for any individual or business organization to sell or lease properties, machinery, or materials worth N3m and above without causing the buyer/leaseholder to disclose the anti-corruption agency’s Confirmation Certificate Number, which shall be written out clearly in the payment receipt voucher.
This arrangement will make the job of the anti-corruption agencies easier and faster too. While all of these may not completely eradicate corruption in Nigeria, it will definitely help make the culture of graft unattractive. Nigeria will be better for it.
Photo: Alleged rapist paraded at OAU Senate building this evening
Boko Haram raped and beat us - Abducted Chibok girls
Thursday, 23 October 2014
Sure questions you should expect in your job interview
Usually it is the HR-manager who is asking you some questions. But sometimes during a job interview you are supposed to ask something yourself. If you are unprepared, it can be too hard.
So keep in mind the following 5 types of questions you can ask till your interview is over:
1. How do you imagine a perfect candidate for this position?
This question can make interviewer to tell what the employer is looking for. And it helps you to note the needed qualities when you will be asked about them.
2. What do you like most about working in this company?
This question can demonstrate how the people are satisfied with their jobs. You may also learn some benefits of the company you are applying to. If the interviewer does not want to answer this question without any explanation, it can be a bad sign.
3. Do you have some more questions about my specifications and abilities?
This question is rather puzzling. But it can show that you are a confident person who is sure about his/her skills and abilities.
4. Who was previously on this position?
This question will help you to understand whether this person was promoted or got fired. Or maybe he/she has just retired or quit. This will help you to analyze the atmosphere in the company.
5. What is the next level?
This question will tell you about the next step of choosing the candidates. It also demonstrates that you are interested in this position. Or, if everything was good, you can hear that there are no further steps and you are hired.
Top-7 Tips For Students In Nigeria
1. University never guarantees you a job
Hard work in the university will not guarantee you a perfect job offer just after the graduation. Nowadays a university degree is not the only thing you need to get a good job. So it is better to figure something out yourself before you get a degree.
2. Start job searching before finishing studies
There are no cheating formulas for job searching. Try searching for some internships and trainings before your graduation. It also will not guaranty you a working place, but will make your further search a little bit easier.
3. Social media know everything about you
What happens in social media stays in social media, probably forever. So when you will be working in a serious company or just a recruiter will be looking at your profile, get sure there is nothing wrong with it. Think twice before posting bizarre jokes or too personal pictures.
4. Life is not a cheap thing
Life is expensive. Especially when you start to live on your own. So it is better to start saving some money before you will be to pay for everything by yourself. Learn to create your budget.
5. Take chances life proposes to you
Don’t be afraid to try something new. Your 20s and 30s are probably the most interesting period of your life. Nothing comes easy, but the world has a lot of surprises for you.
6. Learn how to communicate
Interacting with people is a very important skill you’ll have to develop. You will need it during your job interview, as well as for your life in general. Learn to communicate easily and to be positive and gentle.
7. Success can take a long time
You are hardly to become a millionaire in one day after graduation. Success takes time. Some illegal things can bring you fast and easy money, but they also bring you danger and no one of them is suitable for a long time or even sounds good. So start your happy journey to the world of grown-ups’ life!
- See more at: http://uniplus.com.ng/post-top_7_tips_for_students_in_nigeria#sthash.Answvr1q.dpuf
The 6 Worst Things to Wear to a Job Interview The 6 Worst Things to Wear to a Job Interview
When you’re invited to a job interview, one wrong move can blow your chances. Even wearing the wrong thing can distract an employer from your polished resume and outstanding experience.
Before you schedule your next interview, be sure to review this list of the six worst things to wear for a job interview.
Ill-Fitting Clothes
If you haven’t worn your interview outfit recently, you might find it doesn’t fit the way it used to. Don’t try to pull it off, though. You won’t look your best and you won’t feel comfortable -- and it will show.
“Better to wear an outfit that is tailored to suit you, rather than anything that feels or looks too tight or too short,” says Stacy Lindenberg, owner of Talent Seed Consulting. “It may not only give the wrong impression, it may also be distracting. Tugging at your skirt hem, for example, is another distraction that takes away from the focus on you and your skills.”
Overly Casual Clothes
Even if you’re interviewing at a laid-back workplace, it’s still possible to take the casual concept too far, says Trevor Simm, founder and president of OpalStaff. “Do not wear jeans, tennis shoes, shorts, t-shirts, hats, flip-flops, or any garments with messages or brands written on them,” he says. “For men wearing a suit, do not wear loud, obnoxious colors, busy-printed shirts or overly patterned ties.” Take the conservative approach, and save the fun stuff for after you’ve got the job.
Anything Distracting
There’s a fine line between standing out and wearing something that’s just distracting. In the interview process, you should err on the side of caution and tone it down. “Better to choose subtle patterns over brighter ones, and dark or neutral clothing versus neon colors or anything distracting,” Lindenberg says. “You should be the focus of the interview, not your clothing.”
“Women should not wear anything too revealing or low cut,” Simm says. “No platform heels, no sun dresses, nothing too trendy. Make up and jewelry should also be toned down. For men
and women both, it's generally a good idea to stick with the basics: a black, blue, or grey suit and the associated conservative accoutrement."
Excessive Accessories
You might like to make a statement with your jewelry, but the job interview isn’t the time to do so, says Annette Richmond, executive editor of Career Intelligence. “Stay away from jewelry that jingle-jangles, which can be very distracting for an interviewer.”
Experts advise against wearing perfume and cologne as well. “You may feel like something is missing when you refrain from wearing your favorite fragrance, but this is one more thing that can be distracting during the interview,” Lindenberg says. “In addition, many people have sensitivity or allergies to fragrances. Play it safe!”
Something Very Different from What the Interviewer Suggested
It’s a good idea to ask about what’s expected of you when you’re setting up a job interview. “Always ask the point person that set up the interview for advice on what to wear,” says Carl Sharperson, vice president of the Kidder Group recruiting firm. “If you wear something that is significantly different than the instructions that you were given, then you stand a good chance of turning off the interviewers.”
The Obvious
“Never attend any interview with ill-fitting, sweat-stained, smelling like smoke, dog or cat hair covered clothing that looks like something you slept in,” says headhunter Michael Mayher. “Never wear the same ensembles you would wear out to a bar or nightclub with your friends.” Mayher also says “ridiculously sculpted fingernails” on women and “pointy shoes and contrasting socks” for men are no-nos.
“When in doubt, overdress for the first interview,” he says. “If you're an adult and need to be told these things you probably are not right for the job.”
Top-9 Questions Not To Ask In An Interview
There are plenty of things one should never say during a job interview. It doesn’t matter how much do you want to tell your interviewer. Saying a wrong word can easily reject your name from the list of potential candidates.
So here is a list of ‘No’ during your job interview.
1. “How much will my salary be?”
You shall not be the first person to ask about the salary. If your interviewer ask about the desired level, then you can say. But if you ask it first, they might think that money is the only thing you think about.
2. “My previous boss was a bad person.”
Your future employers are likely to contact your previous colleagues. And this can turn out as a bad thing.
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3. “I will have your job.”
This is the worst answer on the question about where you see yourself in 5 years. You should be confident, but try to avoid some cocky statements.
4. “I don’t like my job.”
This is a popular option for a response to a question like why are you looking for a new job. The better option is to tell why you are applying for this position and what you have learned at your previous position.
5. “You are so nice!”
Skip all the compliments. Even if your job interviewer is Mercy Johnson! No matter how stunning your interviewer is keep your comments with yourself, as they could be interpreted as flirtatious.
6. “I have no weak points.”
Be prepared to say at least something about your weaknesses. But be careful, as some jobs do not allow such qualities at all. One of the options is to tell about some weakness that you once had, but improved.
7. “I need to work from home and a lot of vacations.”
Keep these question till time you are proposed with the position. It is better not to ask about these issues during the very first interview. Remember about your personal motivation and working ethics.
8. “You should better hire me, because I am the best!”
You can’t say such things. You didn’t meet all the candidates. Too much confidence is a bad sign.
9. “I don’t have any questions.”
Prepare some questions to ask. For example, you may ask what the interviewer loves most about working in that company. Or do a little company research and ask something about it.
B.SC, HND Discrimination Bill Passes Second Reading
The bill seeking to prohibit and put an end to discrimination between the First Degrees and Higher National Diploma in the same Profession/Field on Wednesday passed second reading in the Senate.
The bill reportedly passed through second reading after an intense debate at the plenary on its relevance, seeks to amend the disparity in wages paid to HND holders in public and private establishments, Leadership reports.
Corps Members gets an Increase in their Allowance
The Director General of the NYSC, Brigadier-General Johnson Bamidele Olawumi, made this known on Wednesday, at the House of Representatives Committee on Public Petition investigative public hearing on the N4, 000 online registration fee imposed on prospective corps members by the corps.
The revelation followed the protest made by a civil society coalition known as ‘Say No Campaign’ who dragged the corps before the Uzor Azubike-led House committee.
Brigadier Olawumi, who responded to the petition by blaming poor welfare of the corp members, revealed that the Federal Government approved N500 as feeding allowance for each corp member per day to improve their welfare.
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The NYSC director general further hinted that over N800 million was needed to start the computer registration system the corps is currently using for its online registration. He said the fees will service a private sector driven build, operate and transfer agreement.
Brigadier Olawumi, said the registration equipment will be installed at NYSC offices nationwide, adding that the process was approved by the Bureau of Public Procurement with a certificate of no objection.
He pointed out that the N4, 000 online registration fees is voluntary, explaining that instead of requesting for money to install the infrastructure, he would prefer to canvass for increment of the current N19,800 allowance being paid to prospective Corp member.
Speaking also, Mr. Ezenwa Nwagwu of ‘Say No Campaign’ requested for the reversal of the proposed N4, 000 online fees and where such payment has been made, a refund should be made to the corp members.
He also called for a review of the laws establishing the NYSC that seems to have made the Director General of the Corp an exclusive preserve of serving military officers.
It would be recalled that on September 30, 2014, federal lawmakers commenced an inquest into the controversial N4, 000 online registration fee and consequently urged NYSC to suspend the policy.
In a related development, NYSC member, Abayomi Isaac Oyebukola accused of stealing N2.3m meant for 144 Corpers in Osun state has spoken out.
The Capital Market in Nigeria.
Nigeria’s emerging capital markets offer very attractive opportunities for market operators and astute investors. For decades, the markets had been closed to foreign investors and functioned only as a government auction/trading post for Treasury securities and equity shares of statutory corporations and foreign subsidiary companies.
After decades of military dictatorship, the country returned to democratic rule in 1999. The civilian legislature has eliminated antiquated regulations and military dictatorship decrees that limited foreign investments. The new civilian government has allowed free market institutions to flourish and has enacted reforms that have opened the emerging capital markets to investors all over the world. These developments have created a capital market boom that has never been seen before in any sub-Saharan African country.
The sky-rocketing crude oil prices in the past 2 years have squarely brought huge attention to Nigeria’s emerging capital markets. Nigeria is the 5th largest exporter of crude oil to the United States of America. Nigeria’s wealth is controlled by the top ten percent of the population. This segment of the population has become wealthier as a small, but a strong middle class has also emerged out of the Southwest and Southeast where manufacturing and light industries predominate.
In addition, the Nigerian economy has grown at an average annual rate of 8% in the past five consecutive years as crude oil exports has surged and foreign investments, especially from the USA has poured in. The USA is Nigeria’s largest foreign investor, but most of the investment goes into the oil sector of the economy. The International Monetary Fund (IMF) projects a 9% and 8.3% growth rate in 2008 and 2009 respectively. The oil wealth has created a huge Federal government budget surplus and economic activity has increased so much that the Gross Domestic Product (GDP) growth rate has almost doubled in two years, from $172 billion to nearly $300 billion in 2007. Nigeria has the 7th largest trade surplus with the USA. These and other leading economic indicators have placed Nigeria in the category of the “eleven economies” to watch in the next decade. This is the best time to invest in Nigeria, especially in the financial services industry as an engine of wealth creation. Several foreign companies have lucratively partnered with young and inexperienced broker/ dealers to set up boutique shops to trade in equities and government bonds.
1.2 Real Profit Opportunities
The shake up that has taken place in advanced capital markets of the USA, Europe, and Asia has generated compelling arguments for venture capitalists’ participation in emerging capital markets. The meltdown of world’s leading free market economies has further bolstered the argument that asset diversification to Africa’s emerging capital markets and economies offer investors exceptional profit-making opportunities. As the world turns, there must be recognition of vast and real profit-making opportunities in Africa.
In the age of globalization, international borders are only imaginary as capital flows freely to markets where there exist exceptional profit-making opportunities. It’s truer today than at any time in history, that investors seeking for above average returns on their money must look beyond the shores of America and Europe. The real profit-making opportunities are in the sub-Saharan Africa and in particular, Nigeria. Investment opportunities are not in exotic derivatives, but in the real sectors of the economy such as power, housing, agriculture, transportation, and tourism. The slowdown in GDP growth rate in the first quarter of 2009 should not be a concern for investors with a long-term outlook. The opportunities are real and the market potential is huge.
As a former British colony, Nigeria’s cultural affiliation to the West offer increasingly attractive investment opportunities. The emerging capital markets present ground floor opportunities for potentially explosive profit-making deals. The capital markets are currently with out depth and breadth. A market operator that aggressively provides leadership in syndication, new product creation, market making, and investment banking initiatives will corner the market for huge profit-making deals. The government’s recent move to strengthen property rights is a clear indication of its attempts to lure foreign investors in the economy.
A strongly capitalized operator can easily positioned itself as the bellwether of this capital market by the end of the decade. The government’s privatization initiative is another area that presents underwriting/ syndication opportunities with enormous profit-making potential.
1.3 Nigeria’s Hidden Opportunities
Nigeria’s economy has been growing at an average annual rate of 8% in the past five years. The IMF and World Bank have declared the economy as one of eleven economies to watch in the next decade. With an estimated population of 148 million people, Nigeria claims one-in-four Africans. In 2006, the NSE reported that only about 4 million Nigerians were investing in the capital markets. It doesn’t take a rocket scientist to figure out that there exist a tremendous opportunity to boost this number. According to the World Bank, the country’s 60% literacy rate has been steadily increasing as per capita income also increases due to the expanding economy. A full-service broker-dealer that takes advantage of this explosive trend and expands retail offices to carter for the emerging middle class, the elite and high net-worth clients/ institutions that control assets and foreign reserves will reap in huge returns on investments because this clientele
accounts for more than 80% of the liquidity available for investment in the oil-rich economy.
Nigeria’s budget surpluses in the past 5 years have produced huge external reserves that have fueled a massive economic expansion which is the envy of other nations on the continent. What’s more, the emerging stable democratic institutions have given the country a pass grade by Freedom House, a Washington, DC based non-partisan, non-profit organization, as a country that is on the verge of achieving full freedom for its citizens. The middle class and the wealthy have accumulated savings that is looking for investment opportunities at home and abroad.
-by Tavershima Adyorough, Investment Representative & Branch Manager for Edward D. Jones 2006 – 2008. He has recently relocated to Lagos, Nigeria as an independent consultant. Previously, he worked for Gruntal & Company, the third oldest member of the New York Stock Exchange and F. N. Wolf & Company, a USA National Association of Securities Dealers member firm. At Gruntal, he led a syndicated team that sold over $80 million in USA government sponsored debt securities/ bonds of developing countries such as Nigeria, Mexico, Brazil et al. His claim of fame has been in evaluating and recommending emerging growth companies that trade as Over The Counter (OTC) securities that are listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) National Market Systems (NMS) and Small Capitalization Market (SCM). Mr. Adyorough has held management positions at Fortune 500 companies such as Best Buy Company, the largest world electronic specialty retailer and The Home Depot, the world’s largest home improvement retailer, where he created new programs and provided management with new tools to measure inventory turnover rate. Mr. Adyorough holds an M.B.A. from the Southeastern University, M.A. Economics (Macroeconomics) at George Mason University, and a B.S. in Agricultural Mechanization from the University of Missouri. He has the National Association of Securities Dealers (NASD) series 7 and 63 licenses in the USA.
Australian Boko Haram negotiator, Dr. Stephen Davis, blames opposition politicians of delaying the freedom and release of the Chibok schoolgirls abducted by Islamist sect in April this year.
Reps move to end DSTV monopoly
The House of Representatives moved on Tuesday to contain the “arbitrary” subscription rates charged by Multichoice for its Digital Satellite Television services in the country.
The House observed that high pricing by Dstv had made access to its “premium” programming difficult for the majority of Nigerians.
It also noted that lack of competition in the digital satellite broadcast industry had encouraged a monopoly giving firms such as Multichoice the “undue advantage” of blocking the efforts of other firms to enter the market and crash prices.
Lawmakers particularly opposed a “rigid” subscription policy that permanently billed subscribers “whether they are at home viewing programmes or not.”
A bill to stop such stranglehold on the industry passed second reading at the House on Tuesday.
The bill, which was sponsored by a member from Adamawa State, Mrs. Aisha Dahiru-Modibbo, sought to amend the National Broadcasting Commission Act to guarantee openness and competition in the industry.
The long title of the bill reads, “A Bill for an Act to Amend the National Broadcasting Commission Act to Provide for Competition in Nigeria, to Promote Efficiency and Expand Opportunities for Participation of Nigerians in World Markets, while at the same time recognising the Role of Foreign Competition in Nigeria and for other Matters Related thereto.”
Leading the debate on the bill, Dahiru-Modibbo said while Nigeria was not against foreign participation in the local economy but such involvement should not be to the detriment of Nigerians.
She noted that there were indigenous firms which could also render premium satellite broadcast programming to Nigerians, but complained that “deliberate actions” by monopolies stifled the firms.
“In every country, measures are taken to protect the people.
“What is happening to us in Nigeria does not happen elsewhere on the continent.
“It is high time our regulatory body, the NBC was positioned to protect Nigerians from this arbitrary actions,” she stated.
The House Deputy Leader, Mr. Leo Ogor, wondered why Nigeria, one of the countries with the largest subscriber base of Dstv services, hardly received the kind of “subscriber-friendly offers” that were offered to the citizens of other African countries.
“You have a situation in the telecommunications industry, for example, where you are billed as you go or use your mobile phones.
“You pay for what you use. We should be having pay as you view or watch as well.
“Why should Nigerians continue to pay for Dstv services whether they are at home using the service or not?” Ogor asked.
He cited Kenya as one of the countries that had taken measures to contain the excesses of Dstv and other foreign digital satellite TV service providers.
Seasoned broadcaster and Chairman, House Committee on Diaspora Affairs, Mrs. Abike Dabiri-Erewa, lent her voice to the debate, supporting a call for more subscriber-friendly pricing in Nigeria.
National Assembly Approves Autonomy for Local Governments
The National Assembly on Tuesday, granted full financial and administrative autonomy to all the 774 local council authorities across Nigeria by ammending section 124 of the nation’s constitution.
The section provides a consequential provision for the making of the local councils, a full third tier government without undue interference from the state governments.
The ammendment was one of the 22 others approved by the House of Representatives last week and ratified by the Senate on Tuesday.
Both chambers had through a conference committee harmonised versions of the ammendments into the constitution carried out by each of them last month.
By the development, the National Assembly had ratified all the 23 clauses and sections that had been ammended by both chambers.
The newly ammended document which would be sent to States Houses of Assembly, for approval, also approved the creation of the Office of Auditor – General of the Local Government as well as the State Local Government Service Commission.
The section equally deleted the State Independent Electoral Commission from the constitution thereby vesting the powers to conduct council elections on the Independent National Electoral Commission.
It however, retained the immunity clause in the constitution for the President and Governors by adopting the Senate version of the ammendments on the issue and rejected the House of Representatives version which removed the immunity clause.
The National Assembly also made provisions for Independent candidacy in future elections in Nigeria by ammending sections 65 and 106 of the 1999 constitution.
NYSC N4,000 call-up fee optional, DG tells Reps
The Director-General of the National Youth Service Corps, Brig-General Johnson Olawumi, told the House of Representatives on Wednesday that the controversial N4,000 charged corps members for call-up letters would remain optional.
He said the fee was strictly for the printing of the letters and not for accessing the online portal of the agency.
Speaking at the hearing of a petition on the matter by the House Committee on Public Petitions, the DG claimed that the agency opted for the online portal owing to growing cases of fake call-up letters flooding the society.
Olawumi told the committee that the policy resulted from a Private Public Partnership which started in 2013 after Sigma, the partner, emerged as the preferred bidder from a list of 49 firms.
The DG explained, “Corps members are supposed to pay more than N4,000 and we want the process to be optional.
“It is an optional thing and the process will remain optional as far as the agreement subsists with Sigma.
“Even if the price crashes to N100, it will continue to remain optional.”
He added that at the close of portal, 124, 831 corps members had registered online.
However, he stated that only 23, 211 paid for the printing of the letters.
But, a group, Say No Campaign, which led the protest against the fee, insisted that there was no justification for the it.
PhotoMath Is A Free App That Can Solve Equations Through Smartphone Cameras
Math is one of the hardest subjects in school, which is why owning a graphing calculator seems like a necessity for students. But what if you could use your smartphone to solve equations by pointing the camera at the problem in your textbook instead of using a graphing calculator? That is the idea behind PhotoMath. PhotoMath is a free mobile app that can read and solve mathematical expressions using your smartphone camera in real time.
PhotoMath may sound like it is simply helping kids cheat, but the app also provides a step-by-step guide showing how each of the problems are solved. The step-by-step guide is beneficial to students that do not have access to a tutor and struggle with solving math problems. Parents can also use the PhotoMath app to jog their memory when teaching math to their kids.
“PhotoMath currently supports basic arithmetics, fractions, decimal numbers, linear equations and several functions like logarithms. New math is constantly added in new app releases,” says the description of the PhotoMath app on iTunes. The PhotoMath app uses optical character recognition (OCR) technology to read the equation and calculates the answers within seconds. There is a red frame in the PhotoMath app that you have to use to capture the equation.
Monday, 20 October 2014
Hijab Ban: Student Reasons Why Fashola Must Lift The Ban
When the High Court has upheld the ban by the Lagos State Government prohibiting the wearing of hijab in government schools, Fashola has been accused of being intolerant and blasphemous. Reportedly, the Hijab ban sparkled different reactions, mostly negative. Thus a law student of the Usmanu Danfodiyo University Sokoto (UDUS), Abdulbaqi Aliyu Jari Katsina, has condemned the ban and called for an immediate rethink.
Katsina said he is not “convinced by the supposed reasons giving for banning of Hijab”.
“If Islamic groups that advocate for Islamic states through arms struggle are leveled extremist then surely what Fashola did must be termed intolerance if not blasphemy taking it from religious angle.”
“Wearing Hijab by females is mandatory as instructed by Allah in the Glorious Qur’an,” Katsina said.
According to him, the ban must be lifted in recognition of the “right to religion and personal life.”
He gave four reasons to support his position:
“Firstly, it institute morality and values to the female students as they will be mothers in the future to raise family and societies.
“Secondly, studies needs focus, mixing of male and female students increase and arouse sexual desires to the students. Uncovered students may tempt their male counterparts and teachers into desires of sexual intercourse with them.
“Thirdly, the issue of rape is on the increase both at schools and at large. Indecent dressing, nude exposure and even ordinary exposure of body parts of females has been identified as the number one factor causing rape in schools and in the societies.
“Among other reasons, covering of the body by students is a religious duty, sacred and cannot be played with in respect to freedom of religion as enshrined in the Nigerian constitution as amended.”
Justice Onyeabo had in her Friday judgement upheld the Lagos State Government (LASG) ban on the wearing of hijab and dismissed the suit instituted by two 12-year old female members of the Muslim Students of Nigeria (MSN), Lagos State Area Unit.
She had argued that Nigeria operates a “non-faith based educational system” and the prohibition of wearing of Hijab is not discriminatory and does not violate sections 38 and 42 of the 1999 constitution.
In an interesting twist, the students’ lawyer told newsmen that his clients “are simply not satisfied with the court decision” and “will definitely appeal.”
THE MORE U ANALYSE IT THE BIGGER THE QUESTION MARKS GETS
....
1- Who is feeding over 250 girls kidnapped by Boko Haram?
2- Who did the contract for the supply of over 200 Hijabs that kidnapped girls were wearing?
3- How is Boko Haram feeding its hundreds of fighters?
4- Where is Boko Haram getting the supply of the arms they use to kill people? ¤ Who is fueling the over 50 vehicles Boko Haram use in conducting their attacks?
5- Who is providing Boko Haram with internet to upload videos of over 30 minutes on YouTube?
6- How does Boko Haram manage to travel in a convoy of over fifty vehicles and motorcycles in a state that is under "state of emergency" without being noticed?
7- Why does the foreign media know more about Boko Haram than our government and local media?
8- If Boko Haram is a Northern or Muslim agenda to make Nigeria ungovernable for Jonathan, why
are they killing Islamic scholars and threatening to kill prominent Northern politicians?
9- If Boko Haram truly want people to join Islam, why are they killing the Muslims?
10- Are Boko Haram really Muslims? Christins? Or a hidden Organisation sponsored by yet- known personnels to distabilises the Unity of Nigerians, divert Nigerians's attension so they
can loot and do whatever they think they can do??
May GOD Almighty expose whoever is behind
this madness!
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