Friday, January 20, 2012

Week's update - Nigerian Diary

"Within the last 5 days, we were enlightened by members on "THE HIDDEN KEYS TO STOCKS TRADING, UN-PREACHED PHRASES TO UNDERVALUED STOCKS, BULK SMS AS A BUSINESS... (SECRETE REVEALED), UN-PREACHED PHRASES TO UNDERVALUED STOCKS, Using Book Value (B.V.) To Analyze Stocks," and more at the Business category of this forum.

On the production category, we had a post titled "Production Opportunity" and others...

Free browsing was not left out... We had topics like "ETI ROCKY, Rock well, Airtel is back, MTN IS BACK AND BLAZING WITH 0.00 kobo (Try and See), rock wela, Glo dOn SHow" etc.

If you check on the education category, you will see a topic "EXAM HELP"

Move over to Music category, you'll see with us, topics like "Lady Gaga serves up stoner feast early, Lil Wayne To Release Book On Prison Experience, New Music, Tu- Face Idibia expects a 6th Child, etc." there.

Please, to serve your time, login to read and have a review of the latest news as they happen before other people have access to, at the "Latest News Category" " 

Source:  Go and read more now!

Monday, January 16, 2012

The Hidden Keys To Stock Trading

This topic was started on "Nigerian Diary" some days ago. We are here to look at the part 2 of that lesson. In case you missed the lesson 1, please move over to Nigerian Diary right now and read in details.

"2. Current ratio;
This can simply be seen as the ratio of the current assets to the current liabilties. This is always gotten from the balance sheet. The normal for this is at around 2:1 for most of our industries. But, if the ratio is higher,

eg. 7:1 it simply shows that the company is not making good use of their funds. That excess is supposed to be used for expansion of the business.

 In case you see such, know that they are target for takeovers since the funds are not fully utilised.

What do you think will happen to your investment in such aspect?"

                                                                                                                          Source: Nigerian Diary

Saturday, January 14, 2012

Latest News of the Day

When talking about a place where all the secrets are written about Nigeria, move to now and read all the latest news.

Friday, January 13, 2012

Non-compliance with court order stalls hearing on FG suit against NLC, TUC

From Abuja (The Nation's Capital)

Failure of counsel to the Federal Government to comply with conditions of a court order, yesterday, stalled hearing on a motion on notice filed by office of the Attorney-General of the Federation, AGF.
Mr. Mohammed Adoke, Minister of Justice, on behalf of the Federal Government, approached the National Industrial Court asking it to grant an injunction stopping Nigeria Labour Congress, NLC and Trade Union Congress, TUC, from embarking on strike.

It will be recalled that the court granted the order to stop NLC and TUC from embarking on strike or compelling anybody to go on strike over the removal of fuel subsidy.
The order was procured on Friday, January 6, via an ex parte motion by the office of the AGF.
In his ruling, Justice Babatunde Adejumo held: “I have gone through the motion papers and affidavit in support of the ex parte application, as well as the written address and listened to oral submissions of counsel to the applicant.

“Section 7 (1) (b) of the NIC (2006), which is similar to section 254 (1) (6) of the constitution empowered this court to adjudicate over the subject matter of the ex parte motion.
“Section 19 (a) of NIC permits the court to make orders for grant of interim reliefs.
“Going through the records, I discovered that the AGF’s office failed to comply with the order to publish the court injunction in three national dailies.

“You asked for the order of the court and it was granted. You should have complied with the order. In view of this, the matter is not ripe for hearing.’’
Chief Adegboyega Awomolo (SAN), counsel to the Federal Government, conceded that the applicant had not fully carried out the court order, and prayed for an adjournment to Monday, January16.

Join Nigerians at

Thursday, January 12, 2012

16 dead as Nigeria's problems continue to worsen

It has been noted that ethnic and religious crises in Nigeria claimed 16 more victims, with gunmen killing eight in the north and a mob torching an Islamic school in the south, as a fuel strike added to the deadly tension.
"Amid the sectarian and social turmoil, Nobel literature prize laureate, Wole Soyinka, one of the country’s most respected voices, warned that the continent’s most populous nation was heading toward civil war."
A 3-day old general strike has paralysed the country and sent President Goodluck Jonathan’s government - already battling a spate of bloody attacks by the Islamist sect Boko Haram - into crisis mode. As it is popularly said , "crisis mode activated" by Nigerians.

In a statement on Tuesday, the federal government ordered all striking workers back to work, warning their employers would enforce a “no work, no pay policy.” “Members of the public who are under contractual obligations as employees in the public and private sectors are advised to respect the terms of their contract of service and report to their duty posts,” Justice Minister Mohammed Adoke said in the statement.
If public servants continue to disregard the terms of their employment “the government will not hesitate to enforce the no work, no pay policy,” Adoke added.
After a tough analysis, the tension in Africa’s top oil producer contributed to rising world oil prices, with Brent North Sea crude gaining 83 cents to $113.28 a barrel on Tuesday.

In the latest attack blamed on Boko Haram, gunmen killed eight people, including five police officers, in a pub in Potiskum town in the northern state of Yobe before speeding off on a motorcycle.
A seven-year-old child was also among the victims, police said.

“Suspected Islamic sect members attacked the drinking joint and killed eight people, four of whom were policemen,” Yobe state police commissioner Tanko Lawal told Reuters news agency.
Southerners, who are mostly Christians or animists, have recently been the targets of attacks by Boko Haram, which operates in the mainly Muslim north.
Yobe is one of the states where the government has declared a state of emergency following an upsurge in violence by the Islamist group. UN chief Ban Ki-moon discussed the increasing sectarian violence with Nigeria’s Foreign Minister Olugbenga Ashiru on Tuesday.
The meeting followed the release of a UN report that highlighted “growing concern in the region” about possible links between Boko Haram and al-Qaeda’s affiliate in North Africa, al-Qaeda in the Islamic Maghreb.

Wednesday, January 11, 2012

State govs initiated Fuel subsidy removal - Minister

THE Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala, has said that state governors entered into an agreement with the Federal Government on the removal of the fuel subsidy. 

In her reaction to criticisms that she was solely responsible for the hike in the price of petrol, Okonjo-Iweala stated that the state governors were equally in support of the subsidy removal, adding that the decision was not taken by the Federal Government only.

Speaking on ‘Matters Arising,’ a programme of the Africa Independent Television (AIT) on Tuesday, the Finance Minister, while articulating that the benefits from removal of the fuel subsidy far outweighed the present hardship the people are facing, stated that she was not responsible for the removal of the subsidy, as many people had claimed, adding that the decision was even taken six months before she joined the administration of President Goodluck Jonathan.
“I was not there six months ago, when the state governors deliberated and agreed on the removal of fuel subsidy. Most of the governors then were aware. So, it would be unfair to say that I am solely responsible for this. What of the governors?” she said, adding that, “I am sure it is the people who don’t want me here in the first place that are spreading this false information around.”
Dr Okonjo-Iweala, therefore, tasked Nigerians to be fair and objective in their criticisms, as far as the removal of the fuel subsidy is concerned, insisting that the decision to remove fuel subsidy, as claimed in many quarters, was not determined by her alone.
While pleading that the people should try to understand the initiative of the government, which is geared towards a sustainable economic development, Dr Okonjo-Iweala further reiterated the resolve of the Federal Government not to deliberately inflict hardship on the people, saying that with the removal of the fuel subsidy, Nigerians stood a better chance of improved living conditions, more job opportunities, functional refineries, among other services.
The finance minister identified with the pains of the people, saying that “the fuel price would not remain high forever.” She added that “this is a tough decision for any government to take. Ghana also took the decision recently. We know it is not an easy decision for the Federal Government, but it is a decision for the good of the people.
“This money will be used to improve delivery of services for the people. Let us put the money into areas that will facilitate production, such as provision of power supply, providing state-of-the-art hospitals, especially to curb the maternal mortality rate. Government would invest heavily in refineries, which will be sustained by private investors, as well as hydro power projects. This, including others, would create more jobs for our people,” she said.
While commenting further, the Central Bank of Nigeria (CBN) governor, Mallam Sanusi Lamido Sanusi, also harped on the need for the people to understand the sincere motives of the government, insisting that the removal of the subsidy is indeed a necessary step out of an impending economic collapse, hence the government’s decision to remove the subsidy.  He added that the removal of the fuel subsidy was a collective decision by stakeholders such as the National Executive Council (NEC), the state governors, among others.
Speaking on the reason the government introduced palliative measures after the removal of the fuel subsidy, the CBN governor said, “removing the subsidy is a necessary course to address the root cause of poverty in the nation. Palliatives would not solve the problem. We do understand how Nigerians feel. They should also try to understand us. Let us not forget that the increase of fuel subsidy is not a new development. It occurred during General Ibrahim Babandiga’s regime, Obasanjo’s regime, both as a military head of state and democratic president.”
While lamenting the economic situation of the country, the CBN governor expressed displeasure that the nation’s manufacturing capacity is less than five per cent, while Nigeria imports most of the goods it consumes. “We import rice. We import milk and package it here. We import wheat. The country’s economy cannot be sustained with this,” adding that the Federal Government’s policy on fuel subsidy removal would not only help to revive the already failing economy, but would also provide the necessary platform for the improvement of the living standard of the Nigerian masses.
Meanwhile, the Federal Government is said to be weighing several options in relation to some of the state governors who have been linked with secretly sponsoring anti-subsidy removal protests in their states.
Sources in the administration confirmed, on Tuesday, that government had earlier received reports indicating that some governors, especially in some southern states have been linked with the sponsorship of anti-subsidy protests.
“What happened is that indigenes of some of those states were indifferent to the removal of fuel subsidy in the very first week. And in order to galvanise protests, some government persons were seen to have mobilised the sporadic protests witnessed last week,” a source said, adding that politicians in the states had actually hijacked the labour-induced protests which started on Monday for personal gains.
According to sources, “reports reaching the Federal Government indicated that some state governors have decided to play politics with the subsidy removal and turn around from what was decided at the National Economic Council (NEC).
Another source said that the strike by labour was becoming suspicious because the same organised labour had refused to go on strike to defend the rights of the people of far North, South-East and South-South who have been buying fuel at prices far above the pump price.
“The people of the North-East and North-West have been buying fuel at N250 per litre, the same for people of the South-South, while the people of the South-East have been buying fuel at N120 per litre. It is not on record that labour went on strike to defend the rights of the people of those areas,” the source said.
Meanwhile, the Federal Government has said that  the International Monetary Fund (IMF)/World Bank did not instruct or direct it to withdraw fuel subsidy, the Minister of Labour and Productivity, Chief Chukwuemeka Wogu, said in Abuja, on Tuesday.
He told the News Agency of Nigeria (NAN) that government took the decision in the best interest of the country and its citizenry and also to stimulate the economy.
The minister was reacting to claims by opponents of the decision that government was taking dictation from the Breton Woods institutions on how to manage the nation’s economy.
He stressed that the Federal Government would not take decisions that were injurious to Nigerians and reassured that fuel subsidy withdrawal became necessary to save the nation’s economy from going adrift.
Wogu argued that the subsidy withdrawal policy began 15 years prior to 2012 under past administrations and that it was time to put the economy on a straight path.
“Whether our policy is driven by IMF, it is not.
“For the past 15 years, right from the regime of General Ibrahim Babangida, down to that of General Olusegun Obasanjo, even General Abdulsalami Abubakar tried it by increasing the pump price of fuel, till now.
“Every government has tried to do it because of the benefits that will be derived from it; other countries are equally doing the same; we are just arriving at the scene quite late.”
Wogu told NAN that African and non-African countries which had toed the line of subsidy removal in the past currently had very vibrant economies.
“In the countries that have done it before, who have now come out to be one of the strongest economies in the world, is Brazil.
“Brazil did it and people were agitated that this was not in the best interest, but with the passage of time, look at what Brazil has turned into, generating a lot of jobs, creating a lot of rich people, the same thing will happen in the country.
“And then you can see that because of the global economic issues, Ghana, for instance, is in the media and has removed subsidies and they’ve done their own deregulation in the oil and gas subsector.
“The only thing we are asking Nigerians to do is to be patient with the government so that at the end of the day, we will be able to reap the benefits of this policy.”

Read More at Nigerian Diary!

Monday, January 9, 2012

Why Nigerians experience Calamities

We earlier posted an article, showing the  

Secrets To The Best Production in 2012 .

Now, we want to highlight one of the biggest reasons Nigerians keep having problems with themselves is that we are dependent on people for everything. Don’t think that I have come to attack you or any other person, all the answers are within you.

The answer to our problems is for us to move from consumers society to producers society. Production panel .com holds that syllabus. This is not Nigerian schools that we only have wide gap between theories and practice. will bridge that gap today and make you a producer.

House Of Reps Ask FG To Reverse Fuel Subsidy Removal

Some hours ago, we received a lot of email messages from Nigerians and outsiders concerning our earlier post about our Secrets To The Best Production in 2012 .
Today, we want to tell you the outcome of the emergency session held by The House of representatives labelled "The removal of fuel subsidy illegal" and asked the Federal Government to reverse its decision to remove the subsidy on fuel.
The  Legislature adopted a motion urging The Federal Government to suspend its decision on the removal of the fuel subsidy in appreciation of the mood of the nation and allow more room for consultations.”

They also pleaded with labour unions “to suspend the intended strike action and submit to further dialogue on the matter.”

How would advice your Leaders with respect to the fuel subsidy issue in Nigeria?

Sunday, January 8, 2012

Secrets To The Best Production in 2012

Why should Nigerians live in conditions worse than that of their grandparents? This is the same question that I keep hearing on CNN, BBC, AJ and so on. Trade Unions ask this same question, and others. Is our individual problems Boko Haram? Here is the answer… No, Become a producer!

Hello Nigerians, throughout 2011, I’ve been wondering why fellow Nigerians call me “The Young Investor” until some hours ago when one of well-meaning Nigerians called, saying that I happened to be fall among the young people who obey the laws of money.

Though he was the only person who told me why they kept calling me, “The Young Investor”, he was among the people who told me that they were trained by the so-called Professors of production, but they didn’t get to their desired product qualities.

For over 3 years now, I’ve been carefully studying and practicing the simple things that promote the conversion of raw-materials into products in the most-economical rate, as a Chemical engineer.
As a matter of fact, I don’t like giving out what I have put up at , because they promote rivalries in business. Someone said that anybody who has the secrets has a direct line to GOD to make wealth at will. But, I told him that I can’t help it. I have to ease my brain and give room for other things. 

Here is what I have to say. I am not here to sell you because I’m not a marketer, but I’m here to give only a limited number of people the step-by-step guide to best of products that we have around us, with 24/7 support to production.

If you believe that subsidy removal is not the free air that breath from GOD, I want you to leave whatever that you are doing right now and get over to  and start producing a product of your own. Being able to produce from there is as certain as the sun that rises in the morning and I believe that no one can boast of true legacy without a successor.

For me, this is not just an offer, “The Young Investor” says that “It is a symbol of will… this is not by force. You now have the chance to acquire the grace to face tomorrow positively.

Thursday, January 5, 2012

Genesis of Industrial action on Nigerian crude

 According to Reuters, Strikes and protests across Nigeria against a hike in fuel prices are unlikely to disrupt oil output in Africa's biggest exporter (Nigeria), industry players said, further calming supply fears after Royal Dutch Shell restarted two large fields.But a force majeure on Bonny Light crude oil exports on Thursday underscored the fragility of production in Nigeria, a key oil supplier to the U.S. and Europe.
Nigerian trade unions threatened on Wednesday to call a national strike starting on Monday, which they said would shut down large parts of the country's oil industry, if the government failed to restore a fuel subsidy.
Protests have already swept across the country, from the commercial capital Lagos in the south to Kano in the north.
Police used tear gas to disperse Kano protesters on Thursday, witnesses said, after they had camped out in the central square overnight.
The government said it would not budge on the subsidy, which it removed on Sunday as part of sweeping economic reforms. That set the scene for a showdown with unions and protesters angered by a sharp rise in fuel prices.
The unions promised to shut down "all offices, oil production centres, air and sea ports, fuel stations, markets, banks, among others".
But oil industry players told Reuters on Thursday there would probably be minimal disruption to facilities.
"If union members strike, management will take over their roles in the short term," a spokesman for the Nigerian National Petroleum Corporation said by telephone.
"If talks fail and there is a strike, we will make sure all our facilities are secure. We are reliant on oil production for our foreign exchange earnings, so we will sustain production."
Officials at major oil companies, none of whom could be quoted, also shrugged off any likely impact on output.
"Most of the processes are automated, so there won't be an impact on production," a senior official at an international oil company told Reuters.
"If they eventually go on strike ... We're going to have people who are non-union members working," he added.
The only risk to output could be that demonstrators attempt a total blockade on production, which happened during an election dispute in 1993, but few in the industry expect the protest to be that well organised and determined.
"If they go ahead and shut everything down, that would have a major impact for which we have no contingency plan," said one oil worker. "We're monitoring the situation."
Production has resumed from Nigeria's 200,000 barrel per day (bpd) offshore Bonga oilfield, Shell said on Thursday, after the facility was shut down by a loading accident that caused the country's biggest oil spill in 13 years.

It also said its shallow water offshore 115,000 barrel per day (bpd) EA oil field restarted production on Dec. 27, after it was shut down for maintenance work.
Nigerian crude oil values slipped on Thursday, under pressure from ample supplies of sweet crude, shrugging off the threatened national strike and the force majeure on Bonny Light loadings.
The force majeure was declared because of a leak in Shell's Nembe Creek Trunk Line, which handles about 70,000 bpd.
The pipeline in the swampy creeks of the Niger Delta was shut down on Dec. 24 but that went unreported, eclipsed by a much bigger leak at Shell's offshore Bongo facility. Shell blamed the leak on sabotage by oil thieves.
Oil prices fell on Thursday, pressured by an unexpected build in U.S. crude stockpiles that outweighed concerns that rising tensions between the West and Iran will disrupt supplies.