What we know and don’t know about the deadly Niger attack

Washington (CNN)Defense Secretary James Mattis wants answers regarding the ambush by 50 ISIS-affiliated fighters that left four US soldiers dead and two wounded in Niger two weeks ago, three senior US defense officials told CNN Wednesday.

Mattis is dismayed at the lack of detailed information he has received about about the attack, but there is no indication he is trying to unduly hurry the investigation being carried out by US Africa Command, according to all three officials — all of whom are in a position to have knowledge of how Mattis views the situation.
“This was a hard fight, this was a very tough fight,” Mattis told reporters last week — providing little detail about what multiple US officials have described to CNN as a scene of confusion on the ground during an unexpected firefight.
The investigation will be an effort “to get all the facts correct,” an administration official familiar with the review has told CNN.
White House spokeswoman Sarah Sanders was asked Wednesday whether Trump was satisfied with the information he has received about the mission and ambush.
“I believe they’re still looking into the details of that,” Sanders replied. “But I don’t think that the President can ever be satisfied when there’s loss of life from men and women in uniform.”

What we know

Details related to the deadly military breakdown remain murky two weeks after the incident in Niger as investigators work to determine precisely what happened, a US official has told CNN.
Experts working for Africa Command are trying to establish an hour-by-hour timeline of what happened as part of a comprehensive investigation that includes all the military branches and elements of US intelligence agencies that were involved in the mission.

Very little has been said publicly, but the information that has emerged in the wake of the attack paints a troubling picture of what transpired.
Here is what we do know:
Four US soldiers were killed and two wounded: In what is the deadliest combat mission of Trump’s short presidency to date, the Defense Department has identified all four service members killed in the ambush that occurred near the Niger-Mali border by up to 50 fighters from ISIS in the Greater Sahara, a US official said.
Sgt. La David Johnson, Staff Sgt. Bryan Black, Staff Sgt. Jeremiah Johnson and Staff Sgt. Dustin Wright died as a result of the October 4 attack, after helping local forces in Niger combat terrorists.
The 12-member US team was leaving a meeting in unarmored pick-up trucks when they began taking fire from small arms, machine guns and rocket-propelled grenades, according to a US defense official.

Niger map

With window glass exploding all around them, the service members, including multiple Army Special Forces soldiers, exited the vehicles, ran for cover, and began returning fire, killing some of the attacking militants.
Officials said the 12-man Green Beret-led team had just completed a meeting with local leaders and were walking back to their unarmored pick-up trucks when the unexpected ambush resulted in a firefight that lasted 30 minutes until French Mirage jets arrived overhead to fly low passes in an attempt to disperse the attackers.
Sgt. La David Johnson was separated: A large-scale search-and-rescue operation involving US, French and Nigerien troops was launched soon after US officials realized one of the US service members was unaccounted for.
Johnson was later identified as the fourth service member killed in the attack.

Sgt. La David T. Johnson who was part of a joint U.S. and Nigerien train, advise and assist mission. Sgt. Johnson, 25, of Miami Gardens, Florida, died October 4, 2017 in southwest Niger as a result of enemy fire.

His body was recovered in a remote area of the northwestern African country by Nigerian troops nearly 48 hours after he was discovered missing in the wake of the attack, according to US officials.
His body was returned to Dover Air Force Base on October 7.
Intel rated it “unlikely” US team would face opposition: One official has told CNN that the military’s intelligence said it was “unlikely” that the team would run into enemy forces.
“This was not expected,” US Africa Command spokesman Army Col. Mark Cheadle said.
“Had we anticipated this sort of attack we would have absolutely devoted more resources to it to reduce the risk and that’s something we are looking at right now,” he added.
ISIS affiliate likely responsible: CNN has reported that 50 fighters of the regional ISIS in the Greater Sahara were responsible for the attack.
The Pentagon has claimed the group emerged in Niger because of defeats suffered by ISIS in Syria and Iraq.
Sen. John McCain was pressed Wednesday on whether the administration was being up front about the ISIS-affiliated attack, McCain answered bluntly: “No.”
“We do have information on the group that did it, their nature, their disposition and so on and so forth and appropriate organizations within the United States military are digging deeper into that and will take appropriate action if required,” Army Chief of Staff, Gen. Mark Milley, told reporters last week.
There are about 800 US troops in Niger and the US military has maintained a presence in the northwest African country for five years, with small groups of US Special Operations Forces advising local troops as they battle terrorist groups, including ISIS in the Greater Sahara, the ISIS-affiliated Boko Haram.
Private contractor conducted evacuations: A US private aviation contractor conducted evacuations of US and Nigerien troops after they were ambushed, according to US Africa Command spokesperson Robyn Mack.
Mack said that US private contractor Berry Aviation was “on alert during the incident and conducted casualty evacuation and transport for US and partner forces.”
US officials previously told CNN that French military Super Puma helicopters also evacuated the wounded Americans along with those killed in action while also providing covering fire. The wounded were first flown to the capital Niamey and later to Landstuhl Regional Medical Center in Germany.
McCain wants answers: Sen. John McCain argued Wednesday that the Trump administration is not being forthcoming about the attack in Niger.
Asked if he thinks Congress should launch an investigation into the attack, the chairman of the Senate Armed Services Committee told reporters that first he would like to get the information that his panel “deserves and needs.”
“Then you decide whether a quote investigation is needed or not,” he said.
The Arizona Republican did not go into detail about what kind of information he was looking for, saying only that he was interested in “all the specifics.”
Calls for Benghazi-like investigation: The incident is already raising the prospect of a Benghazi-like investigation similar to when Congress looked into the attack an on American diplomatic compound in Libya that resulted in four US deaths in 2012.
Asked about the prospect of hearings similar to those following the attack in Benghazi, Sen. Mike Rounds said: “In the Benghazi incident you had a case of where there was clear testimony information coming out saying there were hours of activity going on. If similar facts were to be determined in this particular case, you may very well see the same type of a demand for a review.”

What we don’t know (but the military might)

Missed indicators that ISIS was operating in the area?: CNN has previously reported that the fighters who carried out the attack were part of an ISIS-affiliated group called ISIS in the Greater Sahara but the Trump administration is yet to mention ISIS as the responsible party.
Officials familiar with the initial after-action reports say there was confusion and uncertainty on the ground after what was a completely unexpected attack. The team was particularly vulnerable because it was in two separate locations when the attack began. Some were walking back from a meeting with local villagers. Others were waiting outside, guarding the vehicles that the US troops were using.
US officials assess that terrorist groups view Chad, Niger and Mali as being particularity important as they serve as bridges between north and sub-Saharan Africa, saying that local al Qaeda and ISIS affiliates use control of these transit routes to gain revenue that helps them recruit, expand and export attacks.
ISIS uses these North-South transit routes to move fighters northward, where they can more easily access Europe and the West.
One official told CNN that ISIS is attempting to illegally infiltrate the gold mining industry in Niger to sell on the black market and finance world terrorism.
Why did it take so long for Trump to mention the casualties?: Perhaps wary of the political ramifications President Donald Trump has still not publicly stated that an ISIS affiliated group was responsible.
White House officials prepared and circulated internally a statement to be issued on the President’s behalf the day after the attack. But the statement, obtained Wednesday by Politico and confirmed by CNN, was never officially released.
It wasn’t until nearly two weeks later that the President, an avid Twitter user, mentioned the deaths when he asked about them during an impromptu news conference Monday in the White House Rose Garden.
Commenting for the first time Monday on the attack, Trump said he had written letters to those families over the weekend and they were being sent out that night.
The ambush occurred amid news that ISIS self-declared capital in Raqqa, Syria was on the verge of collapse meaning Trump may have been inclined not highlight an attack showing ISIS’s staying power abroad.
There is also the issue that Trump allowed US troops to be in a country that does not allow offensive air operations.
While French Mirage jets arrived overhead within 30 minutes of the firefight to fly low passes in an attempt to disperse the attackers, the aircraft did not have permission to drop bombs, multiple US officials told CNN.
Trump has received criticism for his long silence following the attack and handling of the aftermath — particularly his public feud with Rep. Frederica Wilson, a Florida Democrat, over Trump’s phone call with Myeshia Johnson, the widow of Sgt. La David Johnson.
After multiple visits to the area, why was there an attack at this time?: Last week, Joint Staff director Lt. Gen. Kenneth Mckenzie said the patrol that was attacked had completed 29 patrols in the area without contact with hostile fighters over the previous six months or so and there was no indication an attack would occur on October 4.
How did the body of Sgt. La David Johnson get left behind?: It is unclear how Johnson became separated from the rest of the advisory team during the firefight. None of the other soldiers with Johnson witnessed him being captured or taken away by enemy forces.
The US military said it does not believe Johnson ever fell into enemy hands, but had reason to believe he might be alive. Military officials launched an urgent search-and-rescue mission after receiving electronic signals that indicated Johnson might be alive in the field.
While French helicopters were able to get the team to safety, the critical failure to find Johnson for another 48 hours has not been explained.
His body was eventually found in a nearby area, but military investigators do not know why he was left behind during the French led evacuation and if he was alive even for a short period of time, US officials tell CNN.
Questions remain about how and when Johnson was killed.
Were aircraft contractors in full communication with the French?: While CNN has reported that both a private contractor aircraft and French military helicopters took part in the evacuation mission it remains unclear if both parties shared all necessary information related to the operation.
It is unknown which aircraft carried the dead and which was responsible for the wounded.
The failure to anticipate an attack and the fact there were no US rescue and recover assets close by meant nearly an hour went by before the evacuation of the two wounded and three dead US troops by French Super Puma helicopters could be completed.
Mattis said the rescue was timely stating: “I completely reject the idea that that was slow.” But he did say an investigation will determine if changes are needed. “We will look at this and say was there something we have to adapt to now? Should we have been in a better stance.”

Courtesy CNN

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NSE, SEC Confirm Decision To Suspend Trading On The Shares of Oando Plc

Further to the market development news reported: Trading on the Shares of Oando Plc Suspended; Reasons Unknown ; the regulator and bourse have both issued a release just now on the decision taken to suspend trading on Oando Plc shares.

Kindly find below:

Circular to the General Public on Oando Plc – SEC Release
The Securities & Exchange Commission received two petitions from Alhaji Dahiru Barau Mangal and Ansbury Incorporated. The Commission carried out a comprehensive review of the petitions and made the following findings amongst others;

· Breach of the provisions of the Investments & Securities Act 2007

· Breach of the SEC Code of Corporate Governance for Public Companies

· Suspected insider Dealing

· Related party transactions not conducted at arm’s length

· Discrepancies in the shareholding structure of Oando Plc. Etc.

The Commission’s primary role as apex regulator of the Nigerian Capital Market is to regulate the market and protect the investing public. The Commission notes that the above findings are weighty and therefore needs to be further investigated. After due consideration, the Commission believes that it is necessary to conduct a forensic audit into the affairs of Oando Plc. This is pursuant to the statutory duties of the Commission as provided in section 13(k), (n), (r) and (aa) of the ISA 2017.

To ensure the independence and transparency of the exercise, the Forensic Audit shall be conducted by a consortium of experts made up of auditors, lawyers, stockbrokers and Registrars.

To further ensure that the interest of all shareholders of Oando Plc are preserved during the course of the exercise, the Commission directed the Nigerian Stock Exchange to place the shares of Oando Plc on technical suspension.

However in view of the fact that it is not technologically feasible for the Exchange to effect a technical suspension except after 48 hours, the Commission directed as follows;

1. Effective for forty-eight (48) hours from today, 18 October 2017 to 20 October 2017, The Nigerian Stock Exchange should implement a full suspension in the trading of the shares of Oando Plc; and

2. Effective from 20 October 2017 and until further directive, The Exchange should implement a technical suspension in the shares of Oando Plc.

NSE Suspends Trading in the Shares of Oando Plc on SEC Directive – NSE Release

The Securities and Exchange Commission has directed The Nigerian Stock Exchange to suspend trading in the shares of Oando Plc as follows:

1. Effective for forty-eight (48) hours from today, 18 October 2017 to 20 October 2017, The Exchange should implement a full suspension in the trading of the shares of Oando Plc; and

2. Effective from 20 October 2017 and until further directive, The Exchange should implement a technical suspension in the shares of Oando Plc. A full suspension is the halt of trading activities in a listed security for a period.

A technical suspension is the interruption of price movement in a listed security for a period so that any dealings in the securities which occur during the period of the suspension will not result in any change in price, which change may have occurred had the suspension not been implemented.

In the 48-hour period commencing today, there will be no trading in the shares of Oando Plc. Thereafter, effective 20 October 2017, investors will be able to trade in Oando Plc’s shares but such trading will not result in any movement in the price of the shares.

The above is for your information and records update please.

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Two NYSC members drown in Nasarawa

The National Youth Service Corps in Nasarawa State has said that two members of the service drowned in a river in Assakio community, Lafia Local Government Area of the state.

The NYSC Coordinator in the state, Hajiya Zainab Isah, on Tuesday said that Oguntola Babatunde and Danjuma Salihu went to the river on the evening of October 8 to swim but drowned, following which an Assistant Commissioner of Police informed the service about the incident.

“It is very sad but I know God will grant them eternal rest and grant all of us, including their families, the fortitude to bear the loss. I can only say that we are bereaved but God knows better,” she said.

She called on other corps members to be very careful and always obey the rules of their host communities.

 “What I heard from a very reliable source was that some farmers had drowned in that river some years back.

“So when corps members enter a community, they should ask questions and watch their steps,” she said.

Isah added that the bodies of the deceased had since been deposited at the Dalhatu Araf Specialist Hospital in Lafia.

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10 Categories Of People That May Not Afford To Browse When Data Rate Increases

 Despite the quagmire state of the nation, the Nigerian Communications Commission (NCC), has chosen to add to our problems by mandating local service providers to increase their data rates for irrelevant reasons, starting from the 1st of December.

Without deceiving ourselves, this directive from NCC will be unfavorable to subscribers as many may denied frequent internet access

Without wasting time, the following people may no longer have access to the internet when data rates increases

1. Broke Guys 

 Recession has turned many financially buoyant guys to become broke that they can’t even boast of two square meal let alone subscribe for a full month data plan. Many will agree with me that NCC will only be compounding these people’s problems because they will have to borrow phones from their enemies just to check their Bet9ja tickets.

2. Whatsapp Subscribers 

The whatsapp subscribers are so economical that they can manage 10MB for a whole year without getting exhausted. By the time 20MB monthly whatsapp plan is reduced to 2MB per month, these people will only switch on their data once in every 23 hours just reply the pending whatsapp messages

3. Facebook Subscribers 

Once data rates increases, monitoring spirits on facebook will drastically reduce as guy will not be able to ass-lick ladies on social media. In fact, they will only view ladies profile pictures on Facebook and will not be able to comment since they will be managing their weekly data plans which might be reduced to from 25MB to 10MB

4. Stingy/Greedy People 

These are the people that have money yet stingy to themselves. Even if they’re being offered 50GB for N1, 000, they will still wail and complain that they deserve more. These people are likely to use their money to gulp beer and devour nkwobi when data rate is Increased as they see it as waste of money.

5. Night Crawlers 

These are the people that can’t browse during the daytime but will have to wait till 12am so that they can subscribe for N25 night browsing just to dowload from naijauncut and xvideos. I believe it’s cruelty if service providers increase data rates and cease night browsing plans because these people will no longer have any hope of surfing the net even at midnight

6.Cheap phones users 

Some people are using cheap phones that can’t even subscribe Airtel 3GB monthly plan. When data rates is increased, they may choose not to subscribe again since their monthly data plan can even buy their phones.

7. Those who relay on people for data sharing 

Those who rely on people to share data with them will be put to shame because, increase in data rates will make those who share data with them become stingy. These people will become wailers and will begin to rain curses on Buhari and NCC

8. Ladies who rely on men for subscription 

I know that thing will soon go worse that most guys will not be able to subscribe for themselves let one subscribe for ladies. Therefore, ladies will be willing to trade their virginity for data subscription so that they can have access to Facebook and whatsapp. The ones who can’t do this will be stranded as life will become boring to them.

9. Data resell Scammers 

Those who spam social media with ridiculously cheap data plans may not be able to even subscribe let alone spam websites in a bid to scam people.

10. Thugs/Derailers 

I have already predicted that an increase in data rates will bring about peace on social media as hooligans, bashers and derailers will not be able to subscribe let alone bash people on social media. This implies that only the rich will be found on social media

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TStv Africa.- Connecting Your World

A new cable TV is here in Nigeria to battle with DSTV and it’s dubbed TSTV. It will surely be a direct alternative to DSTV at a cheaper price. So I can sense the end of MultiChoice monopoly in the business in Nigeria if TSTV maintains their promises. So this post is about the new TSTV Decoder price, dish, full channel list, coverage areas, launch and availability as well as other information you need to know about this pay TV in Nigeria.

TSTV stands for “Telcom Satelite TV”, it’s a Pay-As-You-Consume TV provider in Nigeria, operated by ABS and Telcom Satellites TV. TStv is a DTH pay TV that offers a rich blend of local and international channels and packages for your Entertainment, News, Sports, Kids, Health etc. and will be distributed on the ABS 3A Africa beam, located at 3 degrees west.

The technology is the HBB TV tech, HBB is a combination of satellite and internet service for TV service, TSTv will run on 4.5g network every subscriber will get 20gig of data for 3k monthly, the data can also be used for video calls and wifi.

FAQs ABOUT TSTV

  1. How much is TSTV decoder and what are its features?

TSTV Decoder + Dish cost N5000 . The TSTV Decoder Offers 200+ Channels but will start with 100+ channels, FREE 20GB Data, Video Calls, Pause Subscription, Record & Playback Feature And More

  1. How Much is TSTV Subscription Fee?

TSTV Subscription Fee ranges from N200, N500, N1000, N1500 and N3000. Note that with TSTV, you don’t need to pay subscription monthly or periodically. You pay as you consume.

  1. Where are TSTV Service Locations?

TStv Africa will function in ALL states in Nigeria but will launch first in Lagos, Abuja, Port Harcourt, Owerri and Kano.

  1. When is the Official Launch Date of TSTV?

TSTV will be officially launched on the 1st of October 2017.

  1. What Channels can I Watch on TSTv?

TSTv shows Live Sports like Premier League, UEFA Champions League, Europa League and so much more. Some Sport Channels on TSTV Africa are bein Sport 1-10, Fox Sport HD, and Ts Sports.

Some of Entertainment Channels on TSTV are E entertainment, Tele Novela, Fox, MBC 4. Below is the Full list of channels on TSTV in pictures;

 

SOME TSTV SPORTS CHANNELS

  • Star Sports
  • Fox Sports
  • Euro Sports News
  • Euro Sports 2
  • Kwese Free Sports
  • Kwese ESPN
  • MS Extreme
  • bein Sports MAX 4HD
  • bein Sports 3HD
  • bein Sports Global
  • bein Sports MAX (bein Sports 1-10)
  • TS Sports 4 HD
  • TS Sports 2
  • TS Sports 3
  • Yolo Sports HD
  • SOME TSTV MUSIC CHANNELS
  • Trace Urban/Africa
  • HITS TV
  • MTV Base
  • TLC (HD)
  • DSTV Versus TSTV

 

No doubt, DSTV has served Nigerians for a very long period of time but here is the time to think twice. DSTV, according to many customers has ripped off people in many ways but TSTV is a cheaper alternative that also offers a whole lot of channels.

DSTV shows live English Premier League matches same as TSTV. You can so enjoy Live La Liga and Champions League matches on TSTV.

Now the big deal, you can pause your subscription and you can connect your laptop and phones to the wifi and enjoy 20GB data to browse and download your favorite files with TSTV Decoder.

It’s very affordable and the subscription price starts as low as N200. If they make do with their promises and plans, then it’s a bad business to MultiChoice and other network providers in Nigeria as many people will now rely on the wifi instead of the usual monthly subscription from MTN, Glo, Airtel, 9Mobile etc.

TSTV operate on a different platform, multichoice only have rights over satelitte channel not telecom broadcast, the technology that will be used by Tstv according to some is hbb, which hybrid or fusion of satellite and telcom to view television. Believe is that channels like bein sports that will broadcast the football leagues since dstv has no right over them.

WHERE TO GET TSTV DECODER IN NIGERIA?

TStv Africa decoder shall be on sell nationwide from 1st October. But before then, dealers outlet location addresses shall be made available for easy accessibility of the decoders. You can buy the decoder and dish in Lagos, Owerri, Abuja, Portharcourt and Kano for now. It’s expected to be available in other states and cities time goes on.

More details can be gotten at their official site and from their Facebook page

If you will like to become a dealer or installer – Click Here to register.

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Check out Audi’s future truck

Audi’s plan for the future seems very promising with its semi-autonomous and self-driving vehicle concepts and development. The company intends to make the future of trucks a brilliant one with the development of a prototype for its future truck.

Future concept design for Audi truck

This is just one of the many concept designs presented for a review by Audi. Many design authors have equally presented their works to the likes of Mercedes-Benz, BMW, Peugeot and even Toyota. But then, this particular truck concept is a nerve-wracking and unbelievable at the same time.

Primarily intended to transport heavy duty goods like oil, it rocks a sporty and futuristic look.

Basically, the plan is to make an electric autonomously driving truck with two options:
Option A is an electric truck autonomously driving for highway. Option B is an electric truck show car.

Audi decided to develop both directions to choose the best one. Plan failed. They were unable to choose the best one, so They are presenting you both versions.

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Zenith Bank has taken a cover on 30% of its 9mobile loan – CEO

We have taken about 30 percent … as a provision which we believe is very prudent as the company is undergoing restructuring … to prepare for a new investor, the bank chief told a conference call.

Recall that Nigerian regulators stepped in last month to save Etisalat Nigeria from collapse and prevent lenders placing the country’s fourth biggest telecoms group into receivership, prompting a board, management and name change.

The telecoms, 9Mobile, had taken out a $1.2 billion loan four years ago from a consortium of banks but struggled to repay it due to a currency crisis and a recession in Nigeria.

Although Zenith Bank has declined to disclose its total exposure to the telecoms group, a source close with the matter said the bank is the largest lender to 9Mobile.

Last week, Zenith Bank reported a pre-tax profit of 92.18 billion naira for its half year against 53.91 billion a year ago.

The bank’s shares were down 1.05 percent on Monday. Zenith Bank had announced a 0.25 naira dividend payout with its half-year results, which disappointed the market.

The local banks which participated in 9Mobile’s loan deal are: Zenith Bank GTBank, First Bank , UBA, Fidelity Bank, Access Bank , Ecobank, First City Monument Bank , Stanbic IBTC Bank and Union Bank.

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MARKET SUMMARY FOR THE WEEK ENDED 25TH AUGUST, 2017.

The NSE All-Share Index and Market Capitalization depreciated by 0.74% to close the week at 36,646.46 and N12.631 trillion respectively. Similarly, all other Indices finished lower during the week with the exception of the NSE Main Board, NSE Banking and NSE Consumer Goods Indices that appreciated by 1.34%, 0.31% and 2.38% respectively.

A total turnover of 1.538 billion shares worth N24.218 billion in 19,187 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.394 billion shares valued at N25.037 billion that exchanged hands last week in 23,133 deals

Equity investment records highest in capitaFG faces financial uncertainty as investors shun new bond issue

Insurance stocks: Operators, NSE move to attract investors

Operators in the insurance industry and the Nigerian Stock Exchange are strategising on how to improve the value of insurance stocks and attract investors to the industry.Read more http://punchng.com/insurance-stocks-operators-nse-move-to-attract-investors/

FG moves to boost agric export via seaports

Federal Government at the weekend, said that it has put in place every infrastructure to promote the exportation of solid minerals and agriculture produce through the seaports.
Managing Director of Nigerian Ports Authority (NPA), Ms Hadiza Bala Usman, who made the announcement at the 10th Nigeria international Maritime Ports and Terminals Expo and Conference (NIMPORT 2017) in Lagos said that the current management of NPA is working in tandem with the establishments and firms outside the country to ensure a most robust relationship for increased bilateral trade ties on a mutual basis.Read more http://sunnewsonline.com/fg-moves-to-boost-agric-export-via-seaports/

How Nigeria can attract huge investment, by SBM chief, others

For Nigeria to pull huge investment into the country, the need for government to make the incentives policies and regulatory framework more attractive and less stringent has been stressed.The Chairman, State of Mauritius Bank Group, Kee Chong Li Kwong Wing, in an interview with The Guardian during the launch of the $300million equity offering issued through the Stock Exchange of Mauritius, said Nigeria needed some facilitation and incentives to make it become more attractive for investment.Read more http://guardian.ng/business-services/how-nigeria-can-attract-huge-investment-by-sbm-chief-others/

Bear dominance to continue this week

THE downward trend in the equities market will continue this week amidst bargain hunting and profit taking activities, capital market operators have said.They noted that the strength of sell pressure over buy pressure will guide the equities index lower in the absence of fundamental drivers to determine investors’ sentiment.Read more at: https://www.vanguardngr.com/2017/08/bear-dominance-continue-week/

10 Commercial Banks Rake In N26.8bn As Account Maintenance Fee

A total of 10 commercial banks that include Zenith Bank Plc, Access Bank Plc, United Bank for Africa Plc (UBA) have reported N26.8 billion on current account maintenance fee in six months. Others are Guaranty Trust Bank Plc, First Bank of Nigeria Holdings Plc, Sterling Bank Plc, FCMB Group Plc, Diamond Bank Plc, Union Bank of Nigeria Plc and Unity Bank Plc.Read more http://leadership.ng/2017/08/28/10-commercial-banks-rake-n26-8bn-account-maintenance-fee/

$14.1b forex deals attract investors

Foreign investors’ confidence in the economy is rising. The feat is attributed to the $14.1 billion combined foreign exchange (forex) deals from the Investors’ & Exporters’ FX Window – I&E FX Window- and the Central Bank of Nigeria’s (CBN’s) weekly dollar interventions, The Nation has learnt.

Read more http://thenationonlineng.net/14-1b-forex-deals-attract-investors/

Despite price slump, banks prefer oil sector to manufacturing, agriculture

An analysis of sectoral allocation of banking sector credit from 2015 to date has shown that banks pump more money into oil and gas than the manufacturing and agriculture sector.This is even as the Federal Government is intensifying efforts to diversify the economy away from oil and focus more on the non-oil sector of the economy.Read more https://www.dailytrust.com.ng/news/business/despite-price-slump-banks-prefer-oil-sector-to-manufacturing-agriculture/211778.html

FG faces financial uncertainty as investors shun new bond issue

Uncertainty is growing in Nigeria’s bond market as falling investor demand combines with rising yields at a time that Africa’s largest economy is financing a record budget for the second year running. Higher yields on Government bonds failed to attract buyers at the Federal Governments (FG) last bond auction, as bears shunned the sale, betting…Read more http://www.businessdayonline.com/fg-faces-financial-uncertainty-investors-shun-new-bond-issue/

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CHECK YOUR BVN WITH THIS CODE

In February 14, 2014, The Central Bank of Nigeria through the Banker Committee and in collaboration with all banks in Nigeria launched a centralized bio-metric identification system for the banking industry tagged Bank Verification Number (BVN).
Are you looking for how to check Bank Verification Number (BVN) on your mobile phone without having to visit your bank’s branch? or Do you need to know your Bank Verification Number (BVN) with your mobile device using USSD code?
This post, on How To Check Your Bank Verification Number (BVN) with your mobile smartphone Via USSD Code For MTN, Etisalat, Glo and Airtel will answer all your questions about Bank Verification Number (BVN).

The Benefits Of Bank Verification Number (BVN) in Nigeria

  • BVN gives a unique identity that can be verified across the Nigerian Banking Industry (not peculiar to one Bank).
  • Offers great security to your bank account across all banks.
  • It will address issues of identity theft, thus cut exposure to fraud.
  • The BVN will enhance the Banking Industry chances of being able to fish out blacklisted customers.
  • The Customers BVN is accepted as a means of identification across all Nigerian Banks.
Currently, most banks will not allow you perform any transaction on your account if it is not linked to a Bank Verification Number (BVN). Transaction like;
  • Transfer funds from one account to the other.
  • Withdrawal through ATM or Withdrawal slip.
  • All online transactions.
  • and many more.
Note: You do not need internet access to perform this operations to check your Bank Verification Number (BVN) Via Your mobile smartphone.

How To Check Your Bank Verification Number (BVN) Via USSD Code For MTN, Etisalat, Glo and Airtel

  • Dial *565*0# with your mobile smartphone.
  • and Nigeria Inter-Bank Settlement System (NIBSS) will send you the BVN associated with your mobile phone number.
Note: Make sure you dial this USSD Code with the phone number you used to open your bank account and is used to check your bank account balance via mobile USSD Code.

How To Enroll For BVN Through Any Banks in Nigeria

You only need to follow this simple 5 quick steps on how to register for Bank Verification Number (BVN) in Nigeria

  • Enter any bank branch of your choice.
  • Request, fill and submit their BVN enrolment form.
  • Present yourself for data capturing (such as Fingerprint, facial Image etc)
  • An acknowledgment slip with the transaction ID would be issued to you right away.
  • In less than 24 hours, you should get a message showing you your new BVN. Now, you can now link BVN with all your bank accounts.
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