Tag: offers

  • CBN offers $2b at RDAS

    CBN offers $2b at RDAS

    The Central Bank of Nigeria (CBN) offered $2 billion to foreign exchange bidders at last month’s Retail Dutch Auction System (RDAS) trading.

    Data obtained from the CBN website showed that five auctions were held from December 4, 9, 11, 16 and 18 , with $300 million, $300 million, $300 million, $400 million and $400 million offered.

    Equally, the CBN sold nearly same volume during the five auctions held during the month under review.

    Information obtained from the CBN website showed that the apex bank maintained steady supply of dollars to the RDAS market throughout the period, with a maximum of $400 million. Other dollar supplies were pegged at $300 million.

    According to the CBN, naira exchange rate remained stable at the RDAS segment of the foreign exchange market during the period.

    Head of Research Africa, Standard Chartered Bank, Razia Khan, said by adopting the RDAS in place of Wholesale Dutch Auction System (WDAS), the CBN is able to closely monitor forex utilisation of each customer and sectors of the economy for documentation and policy formulation. This, he said, protects foreign reserves from depletion and saves the naira.

    The regulator had in September, replaced WDAS with RDAS because of the ineffectiveness of the former in addressing hitches in the forex market.

    It also withdrew the licences of 20 bureau de change (BDCs) operators for violating forex rules, an indication that more licences withdrawal may be seen in future, should the violation continue.

    Under the RDAS, banks and other authorised dealers place bids on behalf of individual clients who qualify to buy forex at the official auction. The change from WDAS to RDAS allows the authorities to monitor more accurately various sources of forex demand and any potential duplication of forex demand in the system. Banks will remain responsible for all documentation requirements.

  • France’s Hollande offers tax-cutting ‘pact’ to companies

    France’s Hollande offers tax-cutting ‘pact’ to companies

    President Francois Hollande offered French companies what he called “a responsibility pact” to tackle unemployment under which they would reap the benefit of lower labour taxes in return for hiring more workers.

    “It is based on a simple principle: lower labour charges and fewer restrictions on their activity in return for more hires and more dialogue with trade unions,” Hollande said in a New Year’s address broadcast on national television.

    Hollande did not specify how he would go about reducing labour charges but it is a possibility that has been mooted under a wide-ranging reform of taxes already promised by his Socialist government for implementation during the remainder of his mandate through to 2017.

    French corporate margins are among the lowest in Europe, partly due to the high labour charges needed to fund its generous welfare state.

    Unemployment is stuck at around 11 percent, although Hollande – whose popularity ratings are at an all-time low for a president of France’s 55-year-old Fifth Republic – argues it has now hit a peak and is set on a downward curve.

    “Of course the results are taking a while to appear, but they are there … I tell you again tonight: I have one priority, one goal, one commitment, and that is employment.”

    Pollsters say Hollande’s government runs the risk of a massive protest vote against it in European Parliament elections due in May.

    Hollande said he expected to come up with new proposals on Europe with Germany’s newly re-elected chancellor Angela Merkel early in the year, without elaborating.

  • Kalu offers to lead talks with Boko Haram

    Kalu offers to lead talks with Boko Haram

    The Federal Government is “playing to the media and not the problem” in its approach to the al Qaeda-linked insurgent group Boko Haram,former Abia State Governor Orji Uzor Kalu has said.

    Kalu is calling for direct talks with Boko Haram militants, who have killed thousands of Nigerians since 2009, and he has offered to be an intermediary.

    His call for negotiations comes as the U.S. government on Monday announced a $23 million reward for the capture of the militants’ leader.

    Kalu told The Washington Times: “There is a smarter, more effective way to keep the Boko Haram from growing into a force that will tear Nigeria apart, but so far the government is playing to the media and not the problem.”

    Nigeria is Africa’s most populous country, with more than 174 million people, and the continent’s largest oil producer. Despite implementing economic reforms, the government is still hampered by corruption and widespread poverty as it battles an Islamic insurgency.

    Chairman of Daily Sun newspaper, Mr. Kalu, 53, is advocating a government campaign to win the hearts and minds of people in the poorer, northern areas of the country where Boko Haram operates, which he believes is essential in stopping the bloodshed that has claimed more than 8,000 lives.

    But the government so far has rejected Mr. Kalu’s latest call, opting instead to launch high-profile military attacks against the insurgents.

    Still, Nigerians and political observers are beginning to talk about the prospect of Mr. Kalu, former governor of Abia State, vying to succeed Mr. Jonathan as president in 2015.

    “Kalu is an experienced player in Nigerian politics, with fresh ideas. He understands adversity; however, he is able to view it through the lens of developmental opportunity,” said Zsolt Nyiri, director of the Netherlands-based Institute for Strategy and Complexity Management, which fosters entrepreneurship and philanthropy in Africa.

    As a leading voice of the Igbo, one of Nigeria’s three major tribes, Mr. Kalu believes he is the right person to open talks with Boko Haram.

    Mostly merchants and farmers, the Igbo people have a strong sense of ethnic identity, but they have been discriminated against and ostracized by non-Igbo governments. During Nigeria’s 1967-1970 civil war, which devastated their lands, U.S. National Security Adviser Henry Kissinger told President Nixon that the Igbo were “the Jews of West Africa.”

    Mr. Kalu believes the Igbo’s outsider status is an asset in not only persuading insurgents to lay down their arms but also addressing challenges to Nigeria’s governance, with corruption key among them.

    Nigeria ranks near the bottom of Transparency International 2012 Corruption Perception Index, placing 139 among the 176 countries assessed and marking a nine-point decline during Mr. Jonathan’s tenure.

    “We need more consistency in our legal framework if multinational companies are going to be comfortable doing business here,” said Mr. Kalu, who is also chairman of an oil shipping and services company. “I look forward to the day when foreign investors will come to see Nigeria as a safe and reasonable and accountable place to do business.”

    He said now is time for change, noting that no one from the Igbo tribe — which accounts for at least 20 million people — has held the presidency since the end of the civil war.

    “Forty years is a long time, and Nigeria is ready to complete the circle of our national identity,” Mr. Kalu said in discussing the prospect of an Igbo presidency. “I’m not necessarily saying that person has to be me, but I do believe it is essential to achieve the kind of balance my country needs to move forward.

    Asked if he is running for president, Mr. Kalu smiled and said: “I think our-yet-to-be-written history suggests our next president will be an Igbo.”

     

    •Culled from Washington Times

  • Foundation offers free medical services

    Foundation offers free medical services

    A non-governmental organisation, Genotype Foundation, has offered free medical services to Lagos people. Besides, it gave people the opportunity for voluntary blood donation.

    Beneficiaries enjoyed free eye test with eye glasses. They were tested for HIV, genotype and blood group, blood pressure, weight and height, among others.

    It was during a free medical screening/ blood donation drive and counselling for sickle cell patients organised by the organisation in collaboration with Lagos State Blood Transfusion Service (LSBTS).

    Its executive director, Mrs Doris Gbemiloye, who lamented on the inability of Nigerians to observe regular medical checks, noted that the gesture to safeguard people’s health.

    “Our aim in this foundation is to help people to stay healthy, most especially sickle cell patients. We want to contribute our quota to making life better for sickle cell patients and ensuring reduction to new births of sickle cell,” she explained.

    She said that the assists sickle cell patients whenever they need help, adding: “We encourage people to donate blood regularly in a spate of three to four months. This is because sickle cell patients sometimes fall into crisis when they need blood to remain alive. Such instances, she said, include, accident, bleeding during delivery and blood

    Mrs Olatunde Olubunmi, a member of the group, who donated blood, urged Nigerians to cultivate the habit of voluntary blood donation to reduce death rate in the country,

    Jimoh Ayo Ade, another blood donor, said blood donation would help doctors to render quick and quality service to victims.

  • No offers for Fegor Ogude

    No offers for Fegor Ogude

    Contrary to trending reports, there are no offers on the table for Super Eagles and Vålerenga midfielder Fegor Ogude, allnigeriasoccer.com can exclusively reveal.

    It would be recalled that in July, 2012, the 25-year-old former Warri Wolves skipper was substituted less than 10 minutes into the game against Odd Grenland after fracturing his foot.

    Having not played an official game for Vif in the past seven months, Ogude has not been on the radar of teams in Europe. But that situation could change when the Tippeligaen resumes next month, specifically March 16.

    Ogude’s contract with Vålerenga expires at the end of next season. The player is valued at a transfer fee of 1 million euros by this portal.

    He is an interesting player to any potential suitor as he can cover multiple roles in defense and midfield.

     

  • Anambra floods: Obi offers Govt House to displaced persons

    Anambra floods: Obi offers Govt House to displaced persons

    •Senator Uba seeks emergency declaration

    Anambra floods remained on the front burner yesterday as Governor Peter Obi offered accommodation to the displaced persons inside the Government Lodge in Onitsha.

    Senator Andy Uba was moved to tears when he visited the site of the floods and called on President Goodluck Jonathan to declare emergency in the area.

    Dr. Uba, representing Anambra South, visited the affected coastal areas in Anambra East, Anambra West and Ogbaru local government areas.

    “The situation in these Anambra communities is worse than those in Kogi, Benue and other states since this flood began its dangerous incursion into Nigeria.”

    He urged federal government to address this “strange and evil development in Anambra State, where the River Niger is now discharging water into residential areas, instead of the other way round. The discharge channels are now making upward discharge of water, instead of downward discharge, wreaking unprecedented havoc in its trail. Churches and farmlands have been destroyed”, he said. He promised to facilitate the inclusion of relief for the communities in the next budgetary allocation. Although the affected communities are not within his senatorial constituency, Senator Uba gave financial assistance to them.

    Governor Obi yesterday directed the Secretary to the Anambra State Government , Mr Oseloka Obaze, to immediately consider sending some people evacuated from the flooded communities to the Governor’s Lodge in Onitsha should there be shortage of accommodation.

    Obi spoke while touring some of the public buildings sheltering the people at Omunwa Egboka primary school, behind the Basillica of the Most Holy Trinity.

    The Governor, who cancelled a trip to Mexico and his participation in the Independence anniversary ceremonies because of the emergency, said the State Government would continue to feed and provide for them since they are suffering from natural disaster that was not their own making. “A few weeks ago, governors of the Southeast sent money to Haiti to help them rebuild after the Earthquake of 2010. If we could do it to them, we must do more for our people, that elected us to serve them”, Obi said.

    The Governor visited other camps, Otuocha Local Governement Headquarters, Umueri General Hospital, Father Joseph Secondary School, among others.