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Okonjo-Iweala to earn £130,000 per year as Director of UK Bank

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konjo-Iweala to earn £130,000 per year as Director of UK Bank
Former Minister of Finance, Ngozi Okonjo-Iweala has been named an independent non-executive Director at Standard Chartered PLC.
According to a statement released by the company on Thursday, her appointment is effective from November 1, 2017.
She will earn £130,000 per year, for her expertise in financial and development financing.
“Ngozi is a globally recognised African and international figure.

“She has significant geopolitical, economic, risk and development experience and expertise at a national governmental level and in international organisations, which will provide significant insight and value to the Board.
“She also has deep knowledge of Africa as well as emerging and developing markets. I am delighted to welcome her to Standard Chartered,” Group chairman, José Viñals, said.
Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England and with presence in 70 countries.

Nigeria Out of Top 10 Most Corrupt Nations for the First Time in a Decade

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Nigeria was not listed among the ten most corrupt countries in the rating just released by Transparency International.
Nigeria had consecutively been in the top ten for over a decade. Nigeria occupies the 28th position in the latest ranking.
The Corruption Perceptions Index ranked 176 countries on a scale of 0 (perceived to be highly corrupt) to 100 (perceived to be very clean).
In the 2016 Corruption Perceptions Index released on Wednesday July 26 by the Berlin-based organisation, Somalia was ranked the most corrupt country in the world for the 10th straight year.
Transparency International estimates that, “corruption, bribery, theft and tax evasion, cost developing countries US $1.26 trillion per year.”
Chairman of the group, José Ugaz, said in the most corrupt countries, “we often see democracies in decline and a disturbing pattern of attempts to crack down on civil society, limit press freedom, and weaken the independence of the judiciary.”
The 2016 CPI, showed that 122 of the 176 countries ranked finished with a score below 50, which Transparency International identifies as having a “serious corruption problem.”
The countries topping the list are generally clustered in Africa and Central Asia Several war-torn nations, such as South Sudan, Syria, Sudan, Yemen, Afghanistan and Iraq which are ranked in the top 10 
Meanwhile, Denmark (90 points) was ranked as the least corrupt nation in the world for the fifth straight year. New Zealand tied for the top spot, while Finland, Sweden and Switzerland round out the top five.
The Corruption Perceptions Index conducted by Transparency International, commenced in the year 1995.

Samsung Overtakes Apple To Become World Biggest Phone Maker

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Samsung Overtakes Apple To Become World’s Biggest Phone Maker
Samsung Electronics has overtaken Apple to become the world’s largest maker of mobile phones, memory chips and the most profitable tech firm.
The South Korean tech giant's quarterly earnings was released on Thursday and the figures show that Samsung is on course to overtake Apple as the world’s most profitable tech firm. The firm said huge sales of its new Galaxy S8 smartphone and demand for its memory chips were behind the jump in April-June and predicted another blockbuster report for the current quarter to September.
Samsung pulled in 61 trillion won ($54.8 billion) in revenue and 14 trillion won ($12.6 billion) in profit for the three months ending June 31. Apple will release its earnings for the same period next week. Analysts expect the Apple to report revenue of $44.9 billion and an operating profit of $10.5 billion.
Though Samsung is the world's leading smartphone maker, it was bumper demand for memory chips that drove the company's earnings to new heights. The chips unit posted 8 trillion won ($7.2 billion) in operating profit, or nearly half the group's total. Analysts expect the momentum to continue for the rest of the year, driven by the release of Samsung's next smartphone, the Galaxy Note 8, and sustained demand for memory chips.
However, Greg Roh, an analyst at HMC Investment Securities, told AFP: "Samsung has surpassed its rivals for now but Apple usually sees little fluctuation in its profits whereas Samsung's profits fluctuate largely on memory chip prices."

Nigerian lady calls out two ladies who bought hair extensions from her and allegedly refused to pay

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Nigerian lady calls out two ladies who bought hair extensions from her and allegedly refused to pay
A Facebook user, Kiki Bee Anety has called out two girls who she claims bought hair extensions from her and refused to pay. According to her, military men are currently on the haunt for them.

She shared the above photo of them and wrote;

“Good day everyone
I want to take my time to make this announcement. If you know or have seen these girls anywhere any time of the day at all please contact me with the numbers below. These two girls are the worst excuse for women. They came to my residence and bought two human hair extensions from me on credit. Danniella had purchased from me in the past and i thought she was a trustworthy customer In June they purchased the extensions both amounting up to #103,000 and till today have refused to pay. They are on the run and have refused to pick my calls or any calls from people they believe are close to me. Currently a squad of Nigerian military men have been deployed to find them and harbouring these girls will put you in trouble. If you seen Danniella and Ogechi please contact these numbers.
07032420712. 08036709073. 08035614848. Please do what is right and don’t cover for them. thank you.”

Aluu 4: Court fixes judgment for July 31

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Aluu 4: Court fixes judgment for July 31
A High Court sitting in Port Harcourt has adjourned to July 31, to deliver judgment in the murder of four students of the University of Port Harcourt.
The trial Judge, Justice Ledan Nyordee fixed the date on Thursday.
He said that he was ready with the judgment but that he was sick.
Lawyers, reporters and other groups had besieged the courtroom waiting for the judgment, only to be informed that the court would not sit.
12 people including a police sergeant, have been facing trial since December 20, 2012 over the alleged murder of the students.
However, five out of the 12 suspects, including a traditional ruler in Allu community have been discharged.
The four murdered students are: Ugonna Obuzor, Toku Lioyd, Chiadika Biringa and Tekena Elkanah.
The murder was allegedly committed on Oct. 5, 2012 in Aluu community in the Obio-Akpor Local Government Area of Rivers State.

Group Laments Impact of Recession on Advertising

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  • Group Laments Impact of Recession on Advertising
The Outdoor Advertisers Association of Nigeria has lamented the impact of recession on the advertising industry.
The President, OAAN, Tunde Adedoyin, gave the indication in an interview with journalists in Lagos, as he affirmed that “recession has impacted all sectors of the Nigerian economy.”
He maintained that people must advertise, the recession notwithstanding and faulted the practice by most companies of always looking towards the advertising budget whenever they wanted to cut costs.
He said, “Unfortunately, when most marketing directors or companies face recession, the first area they look at cutting costs is media and advertising.
“That is why in the last two years, the recession has been very severe on advertising, media placement and buying.”
Adedoyin reasoned that in spite of the slight progress that the economy had recorded, the country was obviously still in recession because clients were not spending money.
He said, “Some are cutting budget, even the huge spending ones. Before now, clients did media placement for 12 months, but these days, they have come up with all forms of tactics. They now place one month or highest, three months, in order to save money. That has been the style in the last three years.”
The OAAN president however expressed hope that things would get better, adding, “It is all about managing our economy”
On the rates charged by regulators for billboard adverts, he stressed that the rates must be friendly in order for business to thrive.
He said in the last 10 years, the organisation had been battling the regulatory agencies concerning the rates.
Adedoyin said, “We need a rate that is not only friendly to business but to our clients as well. This money is not our money and at the end of it all everyone will pay for it because if you charge Cadbury or Coca-cola very high on their billboards, they are going to spread it on their products and it is the consumer that will eventually buy.
“So, if government thinks it is making money, the money is coming back to us in a way. What has happened in the last 10 years is that they made our medium so expensive that it is only the multinationals that can place adverts or campaigns on billboards.”
He added, “In the past, when we started, we had the likes of barbing salons, tailors and importers of Christmas items placing campaigns on billboards because it was reasonable.
“Today, you hardly find them on our billboards. This has reduced our capacity. To invest is even becoming impossible because it is as if one is sharing the profit with the government. At the same time, clients are running away because they believe that your rates are very high.”

Osibanjo visits Rivers state, received by Governor Wike (Photos)

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Osibanjo visits Rivers state, received by Governor Wike (Photos)
Acting President of Nigeria, Prof. Yemi Osibanjo visited Rivers state yesterday!
He was received at the Port Harcourt International Airport by Rivers state Governor, Nyesom Wike.
He is reportedly  in Rivers State to commission the state Government Projects and a Fertilizer Plant in Eleme. Photos Below;

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