Apostle Johnson Suleman, the General Overseer of Omega Fire Ministries, on Sunday challenged the DSS and Federal Government to compel the Kaduna State Governor, Nasir El-Rufai, to produce the Fulani herdsmen he gave money in order to stop the southern kaduna killings.

He said El-Rufai confessed openly that he indeed paid some herdsmen to stop the killings which has brought so much agony and pain to the people of southern kaduna in the latest sectarian clash. The clash between the people of southern kaduna and fulani herdsmen dates as far back as 1993.

Suleman, who has been officially invited by the Department of State Security (DSS) to appear before them on the 30th of January, 2017, said the governor should be made to answer charges of murder and other related crimes against humanity. This was contained in a press release by his media aide and communications Adviser, Phrank Shaibu.

He said naming the beneficiaries of the money would disabuse the minds of Nigerians of the conflict that Christians were the targets of incessant attacks by Fulani herdsmen and will also prove the sincerity of the Administration of President Muhammadu Buhari.

“The governor of Kaduna State confessed that he paid money to some Fulani herdsmen as compensation to stop the killings in Southern Kaduna. That means he knows those who have committed atrocities against Christians. El-Rufai must be made to produce them to answer charges of murder and other crimes. El-Rufai can be safely regarded as an apologist of the herdsmen and with a fact.

He quoted a tweet credited to El-Rufai's twitter handle, dated July 12, 2012, ‘We will write this for all to read. Anyone, soldier or not that kills the Fulani takes a loan repayable one day no matter how long it takes.”

The Federal Government, Suleman said, would be engaging in double standards by asking the DSS to invite him while allowing El-Rufai to move about freely.

This is a developing story...

For the past few weeks, the Nigerian media space has been awash with the rumours concerning the health of President Muhammadu, with many news outlets saying he died after a failed surgery procedure.

Yesterday, Abike Dabiri posted a picture on her twitter handle dismissing the death rumors. She Tweeted "Some rumor mongers will say"Oh.That is not London Ha ha ha". - New Picture of Buhari in London

Two days earlier, a popular socialist Aishat also shared a picture of the President sitting in a room with Ogun State Governor Ibikunle Amosun, which was quickly dispelled as fake with many claiming that Ibikunle Amosun was in Ogun State on the said date.

Also new pictures of the president surfaced online yesterday, the 30th of January, 2017. He was pictured with Ibikunle Amosun, the Governor of Ogun State taking breakfast.

The President is expected back to Abuja on the 6th of February 2017.

Picture Source: Twitter, Trezzy Helm, Ajayi Writes

Below are the prices of kitchen sinks in Nigeria.

Kitchen Sink Double Tray Single Hole

Double Tray Single Hole Starting Price - N20,000

Double Tray Single Hole last Price - N20,000

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Portable Basin or Cabinet Basin

Portable Basin or Cabinet Basin Price - N7,000

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Location: Iyana Ipaja Lagos

There are 2 types of toilet seats:

• Twyford Hand Flush

• Twyford Top Flush

Twyford Hand Flush

The Twyford Hand Flush can be hung on the wall. It comes with either a toilet cover or not.
The toilet cover comes in 2 flavors, Ordinary and Original. The ordinary cover plate goes for N700 Naira while the original cover plate costs N3000 Naira. The Original cover plate is thicker in width than the ordinary cover plate.

Price of Toilet seat without cover plate: N12, 700 Naira

Price of toilet seat with ordinary cover plate: N13, 500 Naira

Price of toilet seat with original cover plate: N15, 700 Naira

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Twyford Top Flush

The Twyford top flush starting price goes for N30, 000 Naira. The Twyford top flush has it's control knob on the top of the water system.

Price of Twyford Top Flush without cover plate: N30,000 Naira

Price of Twyford Top Flush with ordinary cover plate: N30,700 Naira

Price of Twyford Top Flush with original cover plate: N33,000 Naira

Location:

Iyana Ipaja, Lagos, Nigeria.

Banks play a crucial role in the economics and life of the citizens of every nation and that's why it's failure has adverse effects and is "generally considered to be of more importance than the failure of other business firms" - Wikipedia.

Banks facilitate economic sustenance, create enabling environments for businesses to thrive and grow, create job employments, helps the Gross Domestic Product (GDP) of every nation, helps investors with capital, assists small medium scale enterprises, facilitate loans and more importantly warehouse a legally recognised medium of payment which is key for meeting a financial obligation.

This legally and globally recognised medium of payment is called "Money" or a "Legal Tender"

The lifeline of every bank is depositors funds and also creditors funds. When the bank fail to provide depositors access to their funds, the bank has failed in it's primary obligations as a bank. This often creates a panic, and most times, it's this panic that actually kills the bank faster than it's incapacity.

The creditors funds help the banks startup, help with liabilities and serve as a capital base for it's banking operations.

In Nigeria, the minimum capitalization for any of it's bank is N25 Billion Naira. This minimum capitalization was introduced in 2005. This led to a lot of consolidation in the Banking sector.

In the words of the then Central Bank Governor Prof. Charles Soludo, "Consolidation of banking institutions through mergers and acquisitions. Banks that do not meet the minimum paid up capital by end of December 2005 or which remain un-sound/marginal would be liquidated by January 2006", (Banks Consolidation and N25bn Recapitalization -Another Perspective By Bello Abdullahi.)

According to the Nigerian Deposit Insurance Corporation, the following list of 45 banks are termed Closed Financial Institutions.

By terming them as closed, they've had their licences revoked by the Central Bank of Nigeria, between 1994 and 2006. The Federal High Court issued orders for them to be wound up and appointed the Nigeria Deposit Insurance Corporation (NDIC) as Liquidator of the banks.

The Corporation is currently winding up the banks.

List of Closed Financial Institutions under Liquidation and their dates of closure.

• Abacus Merchant Bank Ltd - Jan. 16, 1998

• ABC Merchant Bank Ltd - Jan. 16, 1998

• African Express Bank Ltd - Jan. 16, 2006

• Allied Bank of Nigeria Plc - Jan. 16, 1998

• Allstates Trust Bank Plc - Jan. 16, 1998

• Alpha Merchant Bank Plc - Sept. 08, 1994

• Amicable Bank of Nigeria Plc. - Jan. 16, 1998

• Assurance Bank of Nigeria Plc - Jan. 16, 2006

• Century Merchant Bank Ltd. - Jan. 16, 1998

• City Express Bank Plc - Jan. 16, 2006

• Commerce Bank Plc - Jan. 16, 1998

• Commercial Trust Bank Ltd - Jan. 16, 1998

• Continental Merchant Bank Plc - Jan. 16, 1998

• Coop. & Commerce Bank Plc - Jan. 16, 1998

• Credite Bank Nig. Ltd - Jan. 16, 1998

• Crown Merchant Bank Ltd. - Jan. 16, 1998

• Financial Merchant Bank Ltd. - Jan. 21, 1994

• Great Merchant Bank Ltd. - Jan. 16, 1998

• Group Merchant Bank Ltd. - Jan. 16, 1998

• Gulf Bank Ltd - Jan. 16, 2006

• Hallmark Bank Plc - Jan. 16, 2006

• Highland Bank of Nig Plc - Jan. 16, 1998

• ICON Ltd. (Merchant Bankers) - Jan. 16, 1998

• Ivory Merchant Bank Ltd. - Dec. 22, 2000

• Kapital Merchant Bank Ltd. - Jan. 21, 1994

• Lead Bank Plc - Jan. 16, 2006

• Lobi Bank of Nig. Ltd. - Jan. 16, 1998

• Mercantile Bank of Nig. Plc. - Jan. 16, 1998

• Merchant Bank of Africa Ltd. - Jan. 16, 1998

• Metropolitan Bank Ltd. - Jan. 16, 2006

• Nigeria Merchant Bank Ltd. - Jan. 16, 1998

• North-South Bank Nig. Plc. - Jan. 16, 1998

• Pan African Bank Ltd. - Jan. 16, 1998

• Pinacle Commercial Bank Ltd. - Jan. 16, 1998

• Premier Commercial Bank Ltd - Dec. 22, 2000

• Prime Merchant Bank Ltd. - Jan. 16, 1998

• Progress Bank Ltd. - Jan. 16, 1998

• Republic Bank Ltd - June 29, 1995

• Rims Merchant Bank Ltd. - Dec. 22, 2000

• Royal Merchant Bank Ltd. - Jan. 16, 1998

• Trade Bank Plc - Jan. 16, 2006

• United Commercial Bank Ltd. - Sept. 8, 1994

• Victory Merchant Bank Ltd. - Jan. 16, 1998

• Eagle Bank Plc. - Jan. 16, 2006

• Liberty Bank Plc. - Jan. 16, 2006

For corrections and contributions, kindly use the comment box below.

References:

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• Bank Failure - Wikipedia, available at https://en.wikipedia.org/wiki/Bank_failure

• Bello Abdullahi - Banks Consolidation and N25bn Recapitalization -Another Perspective, available at: http://www.gamji.com/article6000/news6057.htm

• NDIC - http://ndic.gov.ng/closed-financial-institutions/

New Structure in The Redeemed Christian Church of God

The Redeemed Christian Church of God announced a new leadership structure today, the 7th of January 2017. According to an Internal Memo sent to all Assistant General Overseers, Special Assistant to General Overseers both Home and Abroad, Pastors in Charge of Regions, Pastors in Charge of Provinces and Country Coordinators, the new structure was sequel to some legal provisos guiding the operations of registered Religious organisations and civil society organisations in Nigeria.

According to the memo:

• Pastor Joseph Obayemi, the Assistant General Overseer [Finance], will be the new Overseer for RCCG Nigeria;

• Pastor Funsho Odesola, the Assistant General Overseer [Admin], will be the new General Secretary for RCCG Nigeria;

• Pastor Joseph Adeyokunnu, the Financial Controller, will be the Treasurer for RCCG Nigeria.

It went further to state that the new structure is particular to Nigeria alone, as Pastor Adeboye, Daddy G.O., remains the Spiritual Leader and Global Missioner of the Redeemed Christian Church of God.

@donbabajay12 Ok, thanks. :thumbsup_tone3:

Here is the 1st part of this series. Agro Business in Nigeria Part I
Here is the 2nd part of this series. Agro Business in Nigeria Part II
Here is the 3rd part of this series. Agro Business in Nigeria Part III
Here is the 4th part of this series Agro Business in Nigeria Part IV

Today we shall be profiling the agricultural products and raw materials that are fairly abundant in Nigeria and which has demand outside the shores of this country and also their location locally.

Raw Cashew Nuts Exports Profile

Description
Cashew (Anacardium Occidentale L.) is a tree crop of considerable economic importance to Nigeria and other tropical countries. Apart from being a source of useful products and byproducts for feed, medicinal and industrial applications, cashew gives also a useful shade, while ornamental and alley trees are suitable for the control of soil erosion, particularly for the protection of watersheds and dams.

Harvest
Cashew nut setting begins in the middle of dry season, while harvesting takes place mainly in February of March. The entire harvest period occupies about 16 weeks. In the Eastern and Western parts of the country, where quality cashew nuts are grown, nuts are allowed to drop to the ground before they are collected. This practice ensures that only ripe nuts are collected. Nuts normally fall to the ground with their apples attached; the two are normally separated with a twisting action during collection. The remnants of the apple flash adhering to the nuts are removed with a sharp knife. After picking, the nuts are dried in the sun for 2 to 3 days, to reduce their moisture content to about 12%. Properly dried nuts are packed in jute bags and can be kept for 6 to 10 months, if stored in suitable condition.

Location
Major cashew growing areas in Nigeria are, by order of importance: Enugu, Abia, Imo, Anambra, Ebonyi and Cross River states in the eastern part of the country; Oyo, Osun, Ondo, Ekiti, and Ogun States in the Western part, as well as Kwara, Kogi, Nassarawa, Benue, Taraba, Niger in the Middle Belt and Sokoto and Kebbi states in the North West part of the country. The majority of export quality nuts come from Western and Eastern parts of the country.

Specification
According to SGS (quality inspectors), the standard for raw cashew nuts, unshelled, is specified as follows:

• Nut count: 180 – 200 per kg

• Moisture content: 8 – 10% max

• Defective nuts: 15% max

• Float Rate: 18%max

• Admixture 0.25% max

• Foreign matter 0.25% max

• KoR: 48-50 lbs/bag

Uses
The cashew nut is a popular snack, and its rich flavor means that it is often eaten on its own, lightly salted or sugared. In addition to this, cashew nutshell liquid (CNSL), a byproduct of processing cashew, is mostly composed of anacardic acids. These acids have been used effectively against toot abscesses due to their lethality to bacterial.

Export Market
The major buyers of cashew nut from Nigeria are mainly India and Singapore. Smaller percentage goes to Europe.

Cashew Nut Specification in Detail
The crop season in West Africa is from March to June. There is not a general standard for cashew nuts but some parameters can establish the quality of the cashew and the appreciation on the market.

• Out-turn/Yield: It is the quantity of cashew kernel that can be obtained after decorticating (remove the shell of a cashew nut) 80kg of raw cashew nuts. The count is in pounds per 80kg . A good out turn is from 43 – 48 lbs. An excellent out turn is from 48 – 55 lbs.

• Nut count: It is the number of raw cashew nuts pert kg
  170 excellent
  180 - 190 very good
  190 – 200 good

• Moisture/Humidity: For export 12% and less, otherwise there are risks for the goods during the shipping

• Foreign matter : 5% max

• Float rate: This is the total number of cashew nuts that will float when poured into water. A good float rate is 18% max

For enquiries kindly contact via WhatsApp this mobile Number 08094635254 or place a call to 07063396991

The Nigerian Federal Government will starting from January 2017 stop importation of brand new & Tokunbo used vehicles through the Nigerian Land Borders. This is as a result of a new Prohibition Order enacted by the Nigerian Federal Government and sent to the Nigerian Customs Service.

This order will take effect as from January, 2017.

The Nigerian Customs through it's spokesperson, Mr. Wale Adeniyi, advised importers of vehicles through the land borders to utilise the grace period up till December 31 to clear their vehicles landed in neighbouring countries’ ports.

One of such major ports for vehicles importation is the Seme Port, where Ships laden with imported vehicles berth at Cotonou and then vehicle importers drive them in through Badagry Lagos and Ogun State respectively.

This move by the Federal Government will surely draw mixed reactions from the Nigerian populace who are currently passing through a bitter recession, the first of it's kind in 20 years. This ban also follows the ban on importation of rice through the land borders since April, 2016.

How this new prohibition will help Nigeria's automobile policy is yet to be seen, but will definitely help local producers like Innoson Vehicles and Manufacturing Industries, that have championed the course for local content production capability in automobile production.

Foreign vehicle manufacturers have been setting up assembly plants in Nigeria, examples are Nissan which was launched during the past Government of President Goodluck Jonathan.

A Director of NADC ( National Automotive Design and Development Council), Mr. Aminu Jalal, speaking on behalf of the government, added that it was a means of controlling the influx of used vehicles, popularly called ‘Tokunbo’, into the country.

Mostly, these Tokunbo vehicles fail road worthy tests, the Government will like to protect the lives of it's citizens in this regard and prevent Nigeria from been a dumping ground for old and used vehicles.

Stakeholders in the automotive industry had earlier called for strict regulation of the importation of vehicles, noting that poor implementation of the auto policy was driving down the volume of their products.

The Nigerian automobile policy prescribed the imposition of 70 per cent tariff on imported cars, both old and new ones.

Source: Ask Nigeria, Punch NG

@dipsix how much are your products per tonne? For Maize and Soybean?