‘The Future Is Bright’ – BBNaija’s Anto Says As She Reveals New Year Resolutions

Bbnaija ex-Housemate Anto lecky reveals her new year resolutions few hours to 2019, she disclosed the resolution on her Social handle.

She wrote :-

The future is so bright, I have to squint my eyes There’s really no reason to wait to start certain goals until the new year but we always do it anyway lol so what are your resolutions or goals for 2019? Some of mine are:
1. To be more myself
2. To speak Etsako
3. To understand and speak Yoruba
4. To travel more within Nigeria and outside
5. To be more expressive
6. To be easier on myself

The Biggest Tech Companies In The World

Technology giants have absolutely skyrocketed in value over the last decade, offering consumers an endless stream of continuously innovative new products – one rolling out after the next. Ten years ago, we saw these massive, growing corporations as heroes that would take human technology into the next era. Nowadays, however, these companies have managed to be embedded into our day-to-day lives like we could never have anticipated – on top of making a lot of investors rich in the process

APPLE (AAPL)
Interesting Fact: The founder of the company – Steve Jobs – was actually fired in 1985, when he was 30 years

Apple

*Founded by Steve Jobs, Steve Wozniak and Ronald Wayne on April 1, 1976.
*CEO: Tim Cook
*Employees: 123,000
*Headquarters: Cupertino, CA
*Market Cap: $875.3 billion AND GROWING
*Growth in last ten years: 770%
*This company needs no explaining – just watch the Golden Globe-winning 2015 film “Steve Jobs” to get an inside look at the beginnings of this legendary tech giant. This company got its start back in the 70s when its three founders developed the first commercially successful line of personal computers – and eventually launched one of the most successful mobile phones of all time, the iPhone.AMAZON (AMZN)

AMAZON (AMZN)
Interesting Fact: Amazon.com was almost named Cadabra.com, but it was changed when a lawyer misheard it as “cadaver.”

Amazon

*Founded by Jeff Bezos on July 5, 1994
* Has Employees: 566,000
*Headquarters: Seattle, WA
* Market Cap: $719.1 billion AND GROWING
* Growth in last ten years: 2020%
Amazon.com is the largest online retailer worldwide today, and it got its start in a garage back in the mid-90s. Jeff Bezos had been the VP of a Wall Street firm before moving to Seattle to start an internet company after feeling like he missed the boat with the online boom. Since then, the company has exploded into groceries, artificial intelligence, and many more innovative services that almost all of us use.

FACEBOOK ( FB)
Interesting Fact: Within just a month of forming, over half of the Harvard student population had already signed up

Facebook

*Founded by Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, *Dustin Moskovitzand Chris Hughes on February 4, 2004.
*CEO: Mark Zuckerberg
*Product: Social Network
*Employees: 25,105 AND GROWING
*Headquarters: Menlo Park, CA
*Market Cap: $520 billion AND GROWING
*Growth in last ten years: 483%
If you want to understand the beginnings of Facebook, which is one of the most widely-used social media platforms in human history, just watch the movie “The Social Network.” The film is all about the founding of this social network at Harvard University, which also includes depictions of the characters who eventually sued and won for the theft of their original social network idea.

Alphabet (GOOG)
Interesting Fact: While its two founders were grad students at Stanford, they already had a search project called BACKRUB that was hosted on the university’s servers for over a year

*Founded by: Larry Page and Sergey Brin on October 2, 2015
* CEO: Larry Page
* Product: Conglomerate (Google parent company)
*Employees: 72,053
*Headquarters: Mountain View, California
*Market Cap: $784.2 billion AND GROWING
*Growth in last ten years: 411%
The two co-founders of Google eventually ended up founding Alphabet, Inc, and chose to launch a higher-up umbrella conglomerate to take some of the pressure off of Google – which was in control of a number of subsidiaries until they were passed up to the new parent company. The massive restructuring will certainly go down in corporate history.

Microsoft (MSFT)
Interesting Fact: Microsoft (NASDAQ:MSFT) has executed nine stock splits since going public.

*CEO: Satya Nadella
* Product: Software, consumer electronics, personal computers, and services
*Founded by: Bill Gates & Paul Allen on April 4, 1975
*Employees: 124,000
*Headquarters: Redmond, Washington
* Market Cap: $ 724.2 billion AND GROWING
* YoY growth: 47%
*Growth in last ten years: 231%
Microsoft was founded back in the mid-70s in Albuquerque, New Mexico. It took about ten years until it completed its Initial Public Offering (IPO), which raised $61 million at the time – famously making Bill Gates super rich. Since then, this has been one of the most reliable tech investments, as we use its software and video games technology all over the world.

TWITTER (TWTR)
Interesting Fact: This wildly popular social media network was almost called Friendstalker instead of Twitter

*CEO: Jack Dorsey
*Product: Social Media
*Founded by Jack Dorsey, Noah Glass, Biz Stone & Evan Williams on March 21, 2006
*Employees: 3,583
*Headquarters: San Francisco, California
*Market Cap: $24.15 billion
* YoY growth: 98%
* Growth in last ten years: -28%
It was long before Twitter became the preferred communication medium of President Donald Trump that it had changed social media (and the world) forever. This platform, where quick thought-bites are tweeted out to followers all over the world, has exploded in popularity and is seen in all sorts of media nowadays. Its growth has lulled in the past couple years, but it looks like it’s starting to make a comeback.

ALIBABA (BABA)
Interesting Fact: The founder, Jack Ma, taught English classes for 5 years at a University where he only earned $12.00 to $15.00 per month

*CEO: Daniel Zhang
*Product: E-commerce, Internet, AI and Technology
*Founded by Jack Ma & Peng Lei on April 4, 1999
*Employees: 50,092
*Headquarters: Hangzhou, Zhejiang, China
* Market Cap: $496 billion AND GROWING
*YoY growth: 82%
*Growth in last ten years: 108%
Alibaba is often thought of as the “Chinese Amazon” – but it is much more than that. This company actually delivered the highest-value initial public offering in US history with $21.8 billion raised. Its founder, Jack Ma, is one of the richest people in the world, and one of the most influential in China.

NETFLIX (NFLX)
Interesting Fact: The starting pay for most entry-level jobs at Netflix, like positions in call centers, is $18.00 per hour.


*CEO: Reed Hastings
*Product: Streaming Entertainment/Production
* Founded by Reed Hastings & Marc Randolph on August 29, 1997
* Employees: 5,400
* Headquarters: Los Gatos, California
*Market Cap: $124.1 billion
*YoY growth: 104%
*Growth in last ten years: 6259%
Netflix is a company that started out as an innovative DVD-mail-service venture and slowly grew to nearly dominate film and TV on Earth – with its online streaming services, it truly transformed the way that human beings consume entertainment. Nowadays, some of the most popular films and television shows are produced and put directly onto the Netflix platform

PAYPAL (PYPL)
Interesting Fact: This company was actually voted as one of the 10 worst business ideas of 1999.

*CEO: Daniel Schulman
*Product: Online Payments
* Founded by Ken Howery, Luke Nosek, Max Levchin, Peter Thiel & Elon *Musk in December 1998
* Employees: 18,100
*Headquarters: San Jose, California
*Market Cap: $95.6 billion
*YoY growth: 89%
*Growth in last ten years: 129%
PayPal went public in 2002, just four years after it was founded – and it got picked up by eBay in the same year of its initial public offering (IPO). It was originally called Coinfinity until it merged with Elon Musk’s X.com back in 2000. Since then, it has become one of the top online payments processors in the world – and we can see their label on tons of e-commerce sites globally.

TESLA (TSLA)
Interesting Fact: The founder of Tesla, Elon Musk, put $70 million of his own cash into the venture.

*CEO: Elon Musk
* Product: Automobiles & Energy Storage
*Founded by Martin Eberhard, Marc Tarpenning, Ian Wright, Elon Musk & *JB Straubel on July 1, 2003
*Employees: 33,000
*Headquarters: Palo Alto, California
*Market Cap: $59.5 billion
*YoY growth: 40%
*Growth in last ten years: 1728%
Tesla has been one of the global images of innovative technology and renewable energy since its all-electric sports cars hit the road. Its Model S was the global top seller when it came to plug-in electric cars for both 2015 and 2016, and has since released a crossover as well as its latest model (the Model X). This company’s super-celebrity CEO and founder is probably what this stock is best known for, however.

‘Aquaman’ Surges to $51.5 Million in 2nd Weekend at Box Office

Aquaman” is becoming exactly what Warner Bros. hoped it would be for the DC Universe. After passing the worldwide total of “Justice League” on Friday, the James Wan film is on its way to becoming the studio’s first billion-dollar release since “The Dark Knight Rises” in 2012.
In the second weekend of its domestic run, “Aquaman” has added an estimated $51.5 million, holding on strong this holiday season with just a 24 percent drop from its $67.4 million opening. The film now has a 10-day total of $188.7 million, with IMAX accounting for 13 percent of that total with $24.8 million.

In second place is Disney’s “Mary Poppins Returns,” which is following the box office trajectory of previous holiday season musicals like “The Greatest Showman” with a second weekend total of $28 million. That’s approximately a 21 percent increase over its opening weekend, and puts the film around $100 million domestic after 12 days in theaters.
In third is Paramount’s “Bumblebee,” which wasn’t able to improve on its opening with “Aquaman” still peeling off much of the “Transformers” spinoff’s core demographic. With a $21 million second weekend, the blockbuster has an estimated 10-day total of $67 million. Sony’s “Spider-Man: Into the Spider-Verse” did see an increase in its third weekend, boosting 12 percent for a total of $18.6 million

That pushes its domestic total to $104 million.
WB completes the top five with “The Mule,” which also saw a third weekend increase to $11.9 million, pushing its total to $60 million.

Aquaman

“People Wanted To See Me Fail, I Was Sued 4 Days To My Concert” – Davido

Davido has taken to his Instagram page to speak on his recently held concert in Lagos state, saying people wanted to see him fail.

The award-winning singer shared some details surrounding his recently held concert, Davido Live in Concert.

He talked about the issues concerning the venue change and may have subtly touched on the controversy with Kizz Daniel’s manager. See what he wrote below;

We only had 12 days to sell tickets and put this Show together! They tried to block me from all avenues !! Left, right and center !! People wanted to see David Fail!

When I came in this industry about 8 years ago at just 17 all I wanted was my video to be played on TV even if it’s only once! From the first time, my first video ‘Back When’ ever played on television till now I haven’t failed!

Don’t get me wrong we’ve cut it close so many times but God always finds a way to save me!. What haven’t they said about David ?? Ehn ?? 6 days before the show they made us switch the venue from Oceanview Grounds to Eko Atlantic

after plenty of preparation and flyers, billboards TV and radio ads, everything! 4 days before this show I was sued by someone (won’t say who) trying to stop my show just because I wouldn’t work with them anymore and wanted to try and do the show by myself. After spending millions!

They said the name ‘City of Davido’ is their idea and because of that I shouldn’t do any show with my own name on the 27th of December. I said Bleep a distraction. How much will it cost to change the name on everything?! Do I have that? Yes! We MOVE!

I changed the name from ‘City of Davido’ to ‘DAVIDO live in concert’. Printed thousands of new tickets! Hundreds of new billboard banners ! LED boards ALL! They STILL went to court 2 days to showday to try and stop the show!! But my God is bigger than them! We beat that poo!

My joy is never to just see myself win but to see other people win. Put people on, put smiles on the faces.. that’s my own joy! Every time I WIN they act like they are blind ! If it’s the other way round Dem go open their Okponu eye like fowl!

WE RISE BY LIFTING OTHERS which I have always done !!! Thank you to all the artists and performers that came through for me and everyone that helped me put this show together!

Thank you to my lawyer, my manager my ever supportive Father and God! In just days we sold the Bleep out ! Over sold sef !!

Liverpool thrash Arsenal to extend lead on the table

Liverpool roared back from a rare Anfield deficit to move nine points clear at the top of the Premier League as Roberto Firmino’s hat-trick inspired a 5-1 thrashing of Arsenal on Saturday.
Mohamed Salah and Sadio Mane were also on target as Liverpool’s front three all scored in the same league game for the first time this season.
Liverpool had trailed at home in the league for the first time in a day short of a year when Ainsley Maitland-Niles turned home Alex Iwobi’s excellent cross 11 minutes in.
However, the lead lasted just three minutes as Firmino profited from some calamitous Arsenal defending to level and then left Shkodran Mustafi and Sokratis Papastathopoulos on the floor to score his second goal in three minutes.
Mane and Salah’s penalty had the game wrapped up by half-time and Firmino completed his hat-trick from the spot as Jurgen Klopp’s men extended their unbeaten league start to 20 games and took another significant step towards a first league title since 1989/1990.
Win again in their next outing at Manchester City on Thursday and only a Liverpool collapse in the final months of the season can prevent an end to nearly three decades of hurt.
Champions City now trail the pacesetters by 10 points and even if they reduce that lead to seven with victory at Southampton on Sunday, they need to end Liverpool’s invincible season so far to get back in the title race at the Etihad.
Tottenham’s title ambitions suffered a huge blow as Wolves scored three times in the final 18 minutes to win 3-1 at Wembley earlier on Saturday to further embolden Anfield with belief before kick-off.
That confidence could have been shaken when after a bright Liverpool start, it was Arsenal who led when Iwobi’s teasing cross perfectly dissected Alisson Becker and Virgil van Dijk, to leave Maitland-Niles with an open goal.
The signings of Alisson and Van Dijk have been credited for Liverpool’s rock-solid defensive record with that goal just the eighth they have conceded all season in the league.
But that solidity is now being married with a return to the sort of form Salah, Firmino and Mane showed last season in smashing a combined 91 goals last season.
Firmino didn’t even have to look at the ball when he slotted the equaliser into an empty net after Sokratis’s attempted clearance rebounded off Mustafi into his path to quickly level.
However, the Brazilian did all the hard work himself two minutes later by jinking through Arsenal’s hapless central defensive pairing before drilling low past Bernd Leno.
Mane made it 3-1 on 32 minutes when Salah cushioned a cross perfectly into the Senegalese’s path to side-foot high into the net.
Arsenal were handed a let-off moments later by referee Michael Oliver when Granit Xhaka was only given a final warning rather than a second booking in a matter of seconds for kicking the ball away in frustration.
But Oliver gave Liverpool the chance to extend their lead just before half-time when Salah tumbled under pressure from Sokratis in the box.
Leno got a touch to the Egyptian’s spot-kick but couldn’t stop Salah moving level with Pierre-Emerick Aubameyang and Harry Kane as the Premier League’s top scorer on 13.
Liverpool could easily have had more after the break as only a poor touch from Salah allowed Leno to smother and the German ‘keeper also denied Fabinho, while at the other end Aubameyang’s blushes were saved by the offside flag when he fired over with an open goal gaping.
Salah gave up the chance to move clear in the race for the golden boot when Sead Kolasinac pushed Dejan Lovren 25 minutes from time and Firmino gratefully fired home the penalty to round off a five-star performance.

Liverpool go into the new year at the top of the table could this be the turn around year for the Merseyside team

Femi Otedola Set To Sell Forte Oil

Femi Otedola, Nigerian billionaire businessman, will be selling his 75 per cent direct and indirect shareholdings in Forte Oil.

This revelation was made In a statement the Nigerian Stock Exchange, published on it website.

Mr. Akinleye Olagbende, the counsel general of the company made the signed statement available to reporters.

The statement entitled ‘notification of divestment by the majority shareholder in the downstream business operations,’ reads, “Forte Oil Plc hereby notifies the Nigerian Stock Exchange, Securities and Exchange Commission, Shareholders and the investing community that its Majority Shareholder, Mr. Femi Otedola, CON has reached an agreement with the Prudent Energy team, investing through Ignite Investments and Commodities Limited, to divest of his full 75% direct and indirect shareholding in the Company’s downstream business.

“Mr. Otedola’s divestment from the downstream business is pursuant to his decision to explore and maximise business opportunities in refining and petrochemicals.

“The transaction is expected to close in the First Quarter (Q l ) of 2019 subject to the satisfaction of various conditions and receipt of applicable regulatory approvals.

“Standard Chartered Bank, Corporate Finance & Advisory, Dubai and Olaniwun Ajayi LP served as Financial and Legal advisors respectively to Mr. Femi Otedola, CON, while PricewaterhouseCoopers and Stanbic IBTC Capital Limited served as Joint Financial Advisors and Sefton Fross served as legal advisor to Ignite Investments and Commodities Limited.

“This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the ordinary shares or any other securities, nor will there be any sale of the ordinary shares or any other securities in any state or jurisdiction in which such an offer, solicitation or sale is not permitted.”

Yacht, private jet owners to pay luxury taxes from 2019 – Zainab Ahmed

The minister of finance, Zainab Ahmed, has said that says owners of yachts and private jets will be taxed on these luxury items in 2019.

The Minister, while addressing a press conference in Abuja on Monday, revealed that taxes will be reduced for small and medium, enterprises, while excise duties would be introduced in some areas.

We are exploring the way to increase taxes as well as reduce taxes in some sectors. For Small and Medium Enterprises, what will happen is to reduce taxes. But there are some special taxes that we will be looking at imposing,” she said.

For example, luxury taxes. If you have a private jet, we will be taxing you specially for that. If you have a yacht, we will be charging you for that and also in terms of excise duties, there are also some new areas where excise duties will be introduced.

“We haven’t got all the approvals but one of the major areas might be that of carbonated drinks produced in the country.”

According to Ahmed, the Whistleblower Unit has recovered over N8.5 billion and $465 million among others from the 1,051 investigations conducted from tips received.

“Based on verification outcome by the Presidential Initiative on Continuous Audit (PICA), we have also paid over 2,000 former workers of our defunct national carrier- Nigeria Airways Limited,” she said.

Experts identify factors that will shape 2019 stock market

 

stock-exchange

Financial experts have identified outcome of general elections, direction of monetary policy and United States-China trade tension as factors that will shape the country’s stock market in 2019.

They told the News Agency of Nigeria (NAN) in separate interviews yesterday in Lagos that stock market performance in 2019 would be shaped by both external and internal factors.

Prof. Uche Uwaleke, Head of Banking and Finance Department, Nasarawa State University, Keffi, said that U.S. Federal Reserve monetary policy as well as the ability of Organisation of Petroleum Exporting Countries (OPEC) and allies to regulate oil prices would shape stock market performance in 2019.

Uwaleke added that political tension and outcome of the elections in Nigeria, the fate of the 2019 budget and direction of monetary policy would determine stock market performance.

Chartered stockbroker and chief executive officer of Sofunix Investment and Communications, Mr. Sola Oni, attributed the lacklustre performance of the stock market this year to illiquidity in the system.

Oni explained that massive share dumping by nervous portfolio investors and their Nigerian counterparts who were apprehensive of likely crisis during 2019 general elections contributed to the market lull.

“This is reinforced by unguarded utterances of the political class,” he added.

According to him, the outcome of the next general elections and ability of government to tackle the economic challenges, especially investment in infrastructure, will shape the stock market next year.

Effective management of fiscal and monetary policies and creation of sustainable conducive business environment, among others, are expected to shape activities in the stock market, he asserted.

“However, there are investments that thrive during recession. Hence, investors should take advantage of professional advice from stockbrokers and other investment advisers who keep tabs on investment opportunities,” he advised.

How intrigues, lapses, losses caused Diamond Bank’s fall

Uzoma Dozie, Group Chief Executive of Diamond Bank Plc

A persistent breach of governance rules, particularly manifested in avoidable exposure to the oil sector, leading to huge Non-Performing Loans (NPLs), and board disharmony, resulting in wrong decisions, brought Diamond Bank to its knees.

Besides, a recurring insistence to take final decisions on some issues of importance, rooted in “ownership” mentality, irrespective of assessed consequences, aggravated board politics and hastened the company’s collapse.

The sudden fall of the retail banking giant, with N1.55 trillion total assets as at September 2018 and lost value in share price now at N1.37, from N7 in about five years ago, alongside its offshore operations, surely attests to failed decisions and consequences of poor corporate governance.

For the Chief Executive Officer of Access Bank, Herbert Wigwe, the “merger” with Diamond Bank and its leadership in digital and mobile-led retail banking, “will accelerate our ambition to become a leading corporate and retail bank in Nigeria and a Pan-African financial services champion.

“This is a huge step towards the delivery of our goal to bring the power of banking to millions of people across Nigeria and an exciting transaction for Access Bank and Diamond Bank’s customers, staff and shareholders.”

The Managing Director/Chief Executive Officer of Diamond Bank, Uzoma Dozie, agreed that giving up the bank’s independence now for a merger was in the best interest of all stakeholders – employees, customers, depositors and shareholders – a tacit admission of frailty.

“Diamond Bank would be absorbed into Access Bank and it will cease to exist under Nigerian law. The current listing of Diamond Bank’s shares on the NSE and the listing of Diamond Bank’s global depositary receipts on the London Stock Exchange will be cancelled, upon the merger becoming effective,” the Company Secretary/Legal Adviser, Uzoma Uja, added.

The ongoing merger, which would involve Access Bank’s acquisition of the entire issued share capital of Diamond Bank in a combined exchange for cash and shares, has completely put matters to rest that the digital and mobile-led retail banking giant is taken over.

But it would first, write off the full year 2018 impairment charges for Non-Performing Loans (NPLs) on more than N700 billion loan book, ahead of the completion of the merger deal with Access Bank.

The retail giant is currently trading away its independence together with 19 million customer-base, made up of 10 million mobile users; 7,000 digital and financial inclusion customers; 277- branch network; and 10.2 million credit/debit cards issued so far.

The bank’s management, according to its financial statement, acted in defiance of prudential guidelines, traded away an advantage position of cheap cost of funds averaging 4.3 per cent and sustained ill-advised lending, which left the financial institution nurturing an NPL of 12.6 per cent, against five per cent industry benchmark, with attendant high impairment charges.

Specifically, the huge NPL predisposed the bank to a yearly impairment charges of more than N25 billion, which particularly left its 2018 nine-month profit after tax at less than N3billion, as loans and advances to banks and customers peaked at N749.3 billion.

Worrisome too is that the bank’s shareholders’ fund at N221.6 billion is subjected to a total liability of N1.33 trillion, translating to N1 equity contribution for every N6 obligation, together with about four years without dividend.

Cadbury rewards 30 employees for long service

Cadbury Nigeria Plc has celebrated some of its employees that served the Company meritoriously for 10, 20 and 30 years, during its Long Service Awards ceremony.The Director, Corporate and Government Affairs, West Africa, Bala Yesufu, said in a statement that Cadbury rewarded 30 employees for their length of service to the organisation.

Giving a breakdown of this figure, Yesufu disclosed that 18 of the awardees are in the 10 years category, while nine awardees fall under the 20 years category. The last category of 30 years, consists of three awardees. He added that 11 out of the 18 awardees in the 10 years category are staff of the Company’s Ondo Plant.

“The awardees, who have been part our lives, have contributed in no small measure to the growth of the business over the years. Cadbury will continue to celebrate its employees for their commitment and loyalty to the organisation.”

The Human Resource Director, Tope-Phillips Aikhuemelo, congratulated the awardees on the various milestones they have attained in the Company.He charged them not to rest on their oars but to see their recognition as a challenge to raise the bar in terms of service delivery to the organisation.

Meanwhile, Cadbury won several awards in the outgoing year for its commitment to workplace safety and corporate social responsibility (CSR). The Company’s Ondo Plant received an award for its Excellent Safety Culture, under the Safe Workplace Intervention Project (SWIP) of the Nigeria Social Insurance Trust Fund (NSITF) and the Nigeria Employers Consultative Association (NECA). Cadbury’s Ikeja Plant won a similar award in 2013.Cadbury also received an award for its commendable CSR, at the 2018 Annual Compliance and Green Awards ceremony, organised by the Lagos State Environmental Protection Agency (LASEPA).

Similarly, TomTom, the candy brand from Cadbury, won the ‘Best Digital Campaign in Nigeria, for 2018,’ at the Advertisers Association of Nigeria (ADVAN) Awards for Marketing Excellence in Lagos. As part of the Company’s repositioning drive, it has invested a lot in its human capital, pioneered some innovation in the industry, and acquired new world-class technology, to enable it to maintain its winning streak.

Cadbury is currently executing a three-year community partnership, in collaboration with Helen Keller International (HKI), to promote good nutrition and healthy lifestyle, for over 6,000 children in nine public primary schools within its host community in Lagos. Various stakeholders have lauded the initiative, which they noted will cause positive behavioural change among children and their parents.

‘Nigeria is the only producer of high-voltage cables in West Africa’

In the whole of West Africa, Nigeria is the only producer of high-voltage cables and the sixth country to adopt the technology in the Africa.The Managing Director, Coleman Wires and Cables Limited, George Onafowokan, said this in an interview on Wednesday.He attributed its growth in the sector to many factors, including: strategic planning, commitment, perseverance, training, skilled workforce, Nigerian Content Act and support of the Nigerian Content Development and Monitoring Board (NCDMB).

Onafowokan said: “Nigeria is now a one-stop-shop that produces a wide range of cables such as make house wire cables, distribution cables, armoured and non-armoured cables, communication cables, control cables, solar cables and high voltage cables, thus making us the only producers of high voltage cables in West Africa. We also produce high voltage cables, thus making Nigeria the 6th country in the continent to do so”.

He said the industry had grown and will continue to grow from one level to another, apparently because operators believe in long term and strategic planning, adding: “What we’ve achieved was all in duration of less than 20 years.

“For me, one of the major driving forces has been ourselves and the team. For me, as a team lead, I am one that believes in the Nigerian dream; one that believes that we should not sell imported cables. So, Coleman has a standard rule, it does not sell any cable it cannot produce.

“We are highly committed to them. Already, many people and organisations have commended us for such commitment. Our emphasis has always been on training Nigerians to take over, believing that Nigerians have the ability to play even technical roles that we think we can’t. So, it’s all about training, and capacity building.”

Onafowokan, who acknowledged the roles of the Nigerian Content Development and Monitoring Board, NCDMB said: “We got financial support from the Bank of Industry (BoI). It has been a great impact on our development.

“Without the BoI, we would not have grown to the extent that we have because if you depend solely on the commercial banks, you will not make much progress because they charge very high interest rates. In fact, the interest rates will kill you because even if a commercial bank gives you a five-year loan, charging you 25 per cent per annum, you’ll pay more than double the money by the time you finish paying.”

He said: “The NCDMB has extremely impacted the industry within a short period of time. Specifically, the industry has gone from one level to ten levels in the past two years. Some of the projects we have done were driven by the Local Content Act of 2010. We were encouraged to go into the high-voltage cable production and currently planning to go into EPR Rubber cable production.

“For the oil and gas industry, it would do something we have never done before. Take the case of Egina Floating Production Storage and Offloading (FPSO) platform for example. It was a game changer for us because we only produced about three per cent of the cables used. But this rubber insulated and sheathed cable factory would produce 100 per cent of the cables of the FPSO in Nigeria as well as other oil and gas refineries projects like the NLNG Train 7.

“In addition the cables are also used in the marine vessels and in the mining industry. We also look forward to taking part in many other projects in the oil and gas industry.”

This Expert Break It Down On How Safe It Is To loose weight In a week

how much weight is safe to loose

How  much weight is safe to loose

Losing weight is a tough and frustrating endeavor. You have a goal weight or dress size in mind and are eager to get there, but it seems to take forever. Then, you see programs that promise to help you lose up to 20 pounds in a month, and that sounds intriguing – what could be wrong with hitting your goal weight in half the time? Turns out, not only are these diets too good to be true, they can do more harm than good.

Registered dietitian and ACSM-certified personal trainer Jim White, owner of Jim White Fitness and Nutrition Studios, said that while there are plenty of programs that make these lofty claims, it’s not advisable. “As your body loses weight, there is a breakdown of both lean muscle and fat,” he told POPSUGAR. “Unfortunately, lean muscle is lost before your fat stores.”

Caroline Meehan, RDN, agrees. “Weight-loss plans that promote a weight loss of more than two pounds per week, or say 20-30 pounds in one month, tend to be unsafe, unrealistic, and unsustainable,” she said.

Instead, Jim and Caroline both said a safe amount of weight to lose is one to two pounds a week. “If one is losing larger amounts of weight than that, it could indicate they are losing more lean muscle mass than fat,” Jim said. “When your body loses its lean muscle mass, it will slow down your resting metabolic rate.” As your resting metabolic rate drops, you burn fewer calories at rest. “This is why many dieters can lose some weight fairly easily, but then tend to plateau,” he explained.
Instead of looking at the big picture and thinking you need to lose 30 or 40 pounds, Caroline advises setting smaller goals that promote sustainable weight loss. “Taking the focus off weight-loss goals and instead focusing on positive lifestyle changes that promote good health are the more important goals we should create for ourselves,” she said. 

Live Photo From Davido’s “City Of David” Concert In Lagos

Superstar musician Davido,owner and founder of Davido Music Worldwide is hosting his end of the year Concert tagged ” City of David” at Eko Atlantic in Lagos.

The concert has earlier suffered a set back after he accused the management of the venue of denying his initial approval to use the venue.

Davido, his crew and other Popular Nigerian artistes have been booked to thrill and wow fans at the event. This year Concert is sponsored by Infinix and other notable brands in Nigeria.

The event is currently underway and I will be giving you live actions on how it’s going down there at the venue.

Mbappe named best French player of the year

Kylian Mbappe has been crowned French player of the year for 2018 by France Football ahead of Raphael Varane and Antoine Griezmann.

Mbappe, 20, was recognised by France Football, who also award the Ballon d’Or, after a successful 12 months with club and country, winning a domestic treble with Paris Saint-Germain and the World Cup with France.

The forward has also excelled individually in 2018, scoring 30 goals for club and country, as he won the inaugural Kopa Trophy – awarded to the best U21 player in world football – and ranking fourth in the Ballon d’Or list.
Mbappe also played a pivotal role in France’s World Cup-winning campaign in Russia, scoring four times, including a goal in the 4-2 final win over Croatia.

Varane (Real Madrid) and Griezmann (Atletico Madrid) were close behind in the vote, which was carried out by journalists and former winners, after a successful season in Europe with their clubs.

Chelsea midfielder N’Golo Kante is now forced to relinquish his title after being awarded the prize for 2017.