Easy Ways Of Making $100 Daily From Your Home

In order to make their forums look busy and popular, many website owners have started hiring people to post on their forums on their behalf. By doing this, they are hoping to attract more long-term visitors.

The other big problem for forum owners is that
updating and participating in their own forums can be very time consuming and prohibits them from working on other projects. That’s where you can help them. You can get paid to participate in the forums on the owners behalf.

When you are posting in forums, all you would need to do is initiate new forum threads, respond to any existing questions and comments, as well as keeping conversations going.

This is done by posting interesting tips, articles, news and thought-provoking conversation.

One of the coolest perks of this job is that you’ll get to learn lots of new things. Plus, if start posting in forums that you’re already interested in, you’ll be basically getting paid to doing something you enjoy.

There are many websites that you can sign up to which offer forum posting jobs.

All you need to do is register with them and they’ll provide you with a list of forums to participate in.

As soon as you each a certain number of posts (determined by them), you will get paid.

Here are some starting websites you can sign up with:

Paid Forum Posting – this site specializes in creating content for websites and offers forum posting jobs worldwide. However, you must be 18+ to apply.

Experience is recommended, but not necessary. However, you must be able to write and speak English fluently and have decent spelling, grammar and punctuation.

PostLoop – Postloop is another popular forum posting site. Here, you can earn money for posting on forums and blogs.

However, to get accepted, you’ll have to submit 5 sample posts. If you’re accepted, one of the benefits of this site is that you can get paid daily, and you only need to reach $5 (equivalent to 100 points) to get paid out via Paypal. Open to people Worldwide.

Kick Start Your Forums – Here is another great forum posting site to earn some extra cash. Members are generally paid between .15 and .20 cents per post.

Professional Forum Posters – This site is another great place to make some extra money posting on forums. Their pay is around $0.25 a post.

Forums First – Similar to Postloop, you’ll have to submit 5 sample posts before you are accepted as a writer.

We Love Forums – Members are paid to comment, like and post on forums. You can make anywhere from $0.10 to .25 per post.

Sig Trader – At Sig Trader, you can sign up as a seller and sell ad space in your signature line on forums. You can charge whatever you feel the space is worth. Buyers will contact you directly with offers.

If you choose to do forum posting as a job, the owner may let you have a “signature” link, which is basically free ad-space below all of your posts. By using a service such as Sig Trader, you can essentially earn more money for each post that you make.

Here are some other options to find forum posting jobs online:

* Browse through freelancing sites such asElance.com, Guru.com, Upwork.com, etc.

– Apply for the forum posting jobs on those sites.

– Respond back to the buyer on time if you are called or emailed for an interview.

– Agree on the pay per post and the deadline.

– Be sure to get the job done within the accepted deadline.

* Browse job search websites such asIndeed, SimplyHired and Monster Jobs for forum posting jobs.

How much can I make out of forum posting?

For every forum post you make, the price ranges anywhere from $0.10 to $0.50 per post. If you have spare time to devote to this during the day and are able to make between 200-500 posts (depending on how much your job is worth), and utilize the extra earning potential of sites such as Sig Trader, then you can earn $100 a day online.

Contributor: Robert k.

Oil And Gas Business: Owning A Petrol Station

Recently Updated

Do you want to become an independent petroleum marketer? Do you want to do business in the oil and gas sector of the economy? Then I advice you read on.

The oil and gas industry is one of the biggest and lucrative industries. In fact, it is probably one of the most vital sectors of the economy because every other industry is dependent on its output; which are petroleum products. This is why almost all the world billionaires and richest people own considerable investments in the oil and gas sector.

Now what is a gas station? A gas station (filling station or fuel station) is a place petroleum products such as DPK (Dual Purpose Kerosene), PMS (Premium Motor Spirit or Petrol), AGO (Automated Gasoline Oil or Diesel), Lubricants, etc are retailed and sold to end users such as motorists.

 Related post: How to start cooking gas refilling business in Nigeria and be making good profit

It is a tangible investment and asset.
It is a profitable business with good profit margin (volume based).
Petroleum products sell themselves, so there’s little need for marketing Income / revenue is almost certain because petroleum products are a daily need for vehicle owners, industrialists and families.
The world is still heavily dependent on oil, despite the campaign and increased awareness towards conservative or renewable energy.

How to Start a Gas Station Business – Sample Business Plan Template

1. Prepare yourself

Before setting out to establish a gas station, you must be adequately prepared; mentally, physically and financially. Why? The reason I said this is because the petroleum industry is strictly regulated, filled with lots of bureaucratic processes, very capital intensive and risky. So it is not an industry for the lily-livered.

2. Conduct feasibility study

Success in this business is hugely dependent of adequate fore-planning and preparedness. So before investing a dime to erect a fuel station, it is important that you conduct a critical research. This step will help you avoid some bottle-necks and mistakes; and invariably increase your chances of success.

3. Prepare your business plan

A business plan is very important because it is the only document that can prove to investors and your bankers that you have done your homework. That’s why after the feasibility study phase, the next important phase is to write a business plan.

Your business plan should contain everything about your proposed business such as the cost of the project, financial projections, risk sensitivity analysis, possible problems that might be encountered and how to deal with them, your management strategy, your marketing plan, mission and vision statement, executive summary, your personal profile and biography, etc.

To avoid mis-quotations and miscalculations, it is advisable you conduct feasibility research and work on your business plan alongside a business consultant or a consultant specialized in the oil and gas sector.

Related post: How to become an independent oil and gas marketer/distributor

4. Raise the needed capital

After developing a business plan, you can now proceed to raise the needed capital. You can choose to either self finance the project, raise money from private investors or take a bank loan. Regardless of the route you choose to take, just make sure you know what you are doing.

5. Secure a good location

A gas station is location-driven. What this means in essence is that establishing your filling station in a good location will almost guarantee success; as you will likely not invest much in running advertisements. Examples of good locations are:

Commercial areas
Areas or road intersections with high vehicular traffic
Along major highways
Industrial areas
Residential areas (If you are sited here, that means you will need to focus on retailing Kerosene)

 6. Incorporate your company

One of the prerequisite for obtaining your license of operation is your certificate of incorporation and tax clearance. So therefore, incorporating a company name is a must. I advice you seek the services of a lawyer or attorney.

7. Obtain the necessary licenses and permit

Obtaining licenses, approval and permit to run a filling station is where the major problem lies. Like I said earlier, the oil and gas industry is strictly regulated. In fact, I personally know some individuals who gave up at this phase; just because of the stress involved with getting approval for their mini kerosene depot.

To make the process easier, I recommend you seek the advice of an oil and gas consultant; or better still, you can talk to an already established gas station owner or you can contact me (see contact details below).

Now using Nigeria as a reference point and case study, there are about five regulatory bodies you may have to deal with in the quest to obtain your license, commence full operation and get regular supplies. They bodies include:

DPR – Department of Petroleum Resources
NMDPRA – The Nigerian Midstream and Downstream Petroleum Regulatory Authority (Otherwise known as “The Authority”)
NNPC – Nigerian National Petroleum Corporation

It is also important to note that you may need to join various associations and unions such as:

IPPMAN – Independent Petroleum Products Marketers Association of Nigeria
NUPENG – National Union of Petroleum and Gas Workers

8. Build the gas station

A gas station business requires a huge amount of money for its establishment. There is no definite amount for starting this business as the cost may vary due to factors such as location, size of station, number of fuel pumps, type of extra services offered. Now when planning for your gas station, you need to consider some costs such as:

Cost of land acquisition for the gas station
Cost of gas station construction
Cost of installing underground tanks
Cost of equipments and facilities
Insurance rate / fee
Cost of getting business permits and licenses
Cost of buying fuel supplies

9. Buy the necessary equipment

Computer system with accounting package inclusive
Gas supplying trucks / tankers, etc.
Fuel pump and dispenser
Underground and surface tanks
Calculators

10. Look for petroleum product suppliers

If you have trucks or tankers, then you can go sourcing for the products yourself but if you are just starting out, then you need to strike a deal or contract with truck owners or fuel distributors / suppliers. They will be responsible for hauling products for you from the depots and ensuring you have a steady supply of petroleum products.

11. Hire employees

Running a gas station is management intensive, so you will need extra hands to cover positions such as pump attendants and a manager. Once you hire employees, you are good to go.

12. Add other income or revenue sources

Once your fuel station is up and running, you can choose to expand your revenue sources by considering additional business opportunities such as:

A snack corner or fast food joint. This can bring in much income, as hungry drivers will appreciate buying a quick snack on the road. Food retailing is now provided by several gas stations, it is the main big trend in Gas Retail for 2013.You can also add a convenience store that retail items such as alcohol and tobacco, you have to carry out a research on the legal requirements for selling these kinds of products.You can also install a car wash service Or better still, you can allocate a space to a mechanic to carry out car maintenance services.

13. Grow the business

10 Marketing Ideas / Strategies for a Gas Station

Petroleum products are commodities, thus making them quite difficult to brand. Secondly, the retail prices are strictly regulated by the government. However, there are a few ways you can distinguish your fuel station. Examples of such ways are:

Sell your products at a competitive price
Observe loyalty programs for regular customers
Encourage your staff to be friendly with customers and build a relationship with them
Employ good looking boys and girls as pump attendants
Encourage your customers to refer their friends and family
Be honest, don’t alter or tamper with your pump meter
Choose a good, memorable name for your fuel station
Reward your loyal customers every festive season such as Christmas, Easter, etc
Build a brand identity.
Put your staff on smart looking uniforms.

8 Challenges of Running a Gas Station

Setting up a gas station is a capital intensive project. Running this business requires a technical know-how.
It is also management intensive. This business is location driven, so you will also need to deal with the challenge of getting a nice location.Take it or leave it, the oil and gas industry is one of the most strictly regulated sectors, not just in Nigeria but all over the world. Inconsistent government policies can also be a challenge. The oil and gas industry in general is hugely affected by environmental and political events such as wars and rumours of wars, etc.Getting an operating licence to become an independent petroleum marketer is quite difficult especially in Nigeria; as you have to go through a lot of bureaucratic hurdles.

For more information or full report details about setting up a petrol station (which include cost of construction, equipments, registration, regulatory compliance and requirements, suppliers of petroleum products, etc), contact

tochukwudike@gmail.com
customercare.dillionworld@gmail.com
+2348035217265

Top Reasons Why Your CV Might Be Ignored This 2016

This article is part of DBA, a new series on Mashable about running a business that features insights from leaders in entrepreneurship, venture capital and management.

A lot of people want jobs in marketing, which is great news for those of us currently hiring. However, after a decade of screening, interviewing and onboarding marketers, there are still some mistakes that I constantly see. Here are examples of some mistakes you should avoid.

1. You use a Hotmail or AOL email address

Marketers should see into the future, not live in the past, so unless you're applying for a job as a historian for 1999, I would suggest updating your email address, perhaps to a Gmail address. Bonus points if you use an email address associated with your own custom domain because it shows you know something about using the web and technology.


2. I can't find you on Google

You don't have to be popular like Michael Jordan or Michael Jackson, but you should be present enough on the web that I can easily find your LinkedInprofile, content you have created, your Twitter account, or your personal web page just by typing your name into Google.

3. Your last tweet is from 2011

Don't tell me you're a digital guru if you haven't tweeted in the last three years. You don't have to have a million followers (though I'll pay closer attention if you do), but you do need to be participating in the conversation on a regular basis by sharing other people’s content and staying current. A few tweets a week is enough; a month long lapse is unacceptable. I’d rather see you using one network well and not have accounts on the others, than have accounts everywhere and use none of them effectively.


Related post: How to successfully pass bank interviews and tests

4. Your public Facebook photos resemble "Frank the Tank"

Doing keg stands when you're young is cool (believe it or not, I did a few back in the day) but there is literally no excuse for any of them to be in your public Facebook profile. Shirtless or bikini photos have no place in your public-facing profile on any network, so plan accordingly unless you’re applying to be Will Farrell’s stunt double; in which case, best of luck to you.

5. Your LinkedIn photo is a selfie

LinkedIn is, by definition, a professional network. To that end, I think it’s fair to expect your photo there to be professional-looking. Do you need a glamour shot or Annie Leibovitz-quality image to get hired? Absolutely not. But you should be looking straight to the camera, show your entire face (emo, shadowy portraits are cool for Instagram but not for LinkedIn), and be appropriately sized for the channel.

6. The only number on your resume is your phone number

Marketing is no longer arts and crafts — you need to be measurable and efficient to succeed. As a result, if your resume doesn’t include a single quantifiable metric to show your accomplishments, you’re likely not going to be a good fit on a marketing team today.

7. You speak exclusively in business babble

Tell me what you're doing and what you have done in a clear, concise manner — limit the business babble. No one wants to read about how you "leverage responsibilities to meaningfully impact the organization’s directional strategy." Tell me what you marketed, sold or championed within your company and how it moved the needle — no gobbledygook required.

8. You haven't written anything since college

Your writing sample should not be a college term paper. Now there are countless channels to publish your work, so whether you self-publish through LinkedIn, post to Medium, or just keep your own blog current, you should be able to provide a current work sample that doesn’t have your college professor’s edits all over it. Every single person on our marketing team does some form of content creation, so we need people who are exceptional and committed to publishing or producing content early and often.

9. You applied for 15 positions on our team

Being eager to join a company is a good thing; being desperate is not. Invest the time to craft a cover letter and resume tailored to the job you truly want rather than trying to boil the ocean by applying to dozens of jobs in the same category. Not sure which position is a fit based on your skill set? Shoot a quick clarifying email to the hiring manager or recruiter before applying: Doing so may help you choose the right fit based on your experience and interests.

10. You forget to use Ctrl + F

Everyone knows spelling errors are unacceptable, but it’s amazing to me how many cover letters we get addressed to the wrong people or referencing another local company instead of HubSpot. Finding the time to create 100 different cover letters is nearly impossible, but you should have tailored cover letters and resumes for the types of positions you are applying for and invest the time and energy to ensure the company name, hiring manager and position are correctly spelled and positioned throughout your application materials.

Job hunting is hard, so don't make it harder that it has to be. Do yourself a favor and don’t give a company a reason not to hire you before you even get to the interview. Marketing has changed, adapt your job search strategy accordingly!

What do you perceive to be resume red flags? Tell us in the comments.

Between Jonathan’s Ebola fever and Buhari’s Lassa fever

At the time of writing this essay, Nigeria has lost 44 citizens to the dreaded Lassa fever which like the equally dreaded Ebola Virus Disease is a haemorrhagic fever that spreads easily from one person to another. The two diseases need a comprehensive action plan involving the people and relevant agencies, local and international, and mobilised by government who deploys all resources necessary, to tackle the menace headlong. The Ebola virus which caused a worldwide stir in 2014 and claimed about 11, 000 lives in West Africa alone, can be considered to be more fearsome because of the number of casualties per occurrence and its rapid spread to even Europe and the US.

However, with all its threats and spread; with all its fame for defying medicine, thethen Jonathan administration rose to the occasion with total commitment and vigour, mobilising agencies, personnel and other resources; sensitising schools, offices, churches/mosques etc while equipping hospitals and other public places with anti Ebola kits and N200million each to Lagos and Rivers States which had reported cases of the disease. The disease could not do much damage to Nigeria contrary to genuine fears and worry expressed then. Although outbreak of the disease was reported in West Africa, precisely Guinea, in March 2014, it did not give the world much concern until it was brought into Nigeria by a Liberian diplomat, Patrick Sawyer.

However, with Jonathan’s commitment, drive and approach to the fight the disease, Nigeria still lost only seven citizens, while Europe lost three and the US, 4. However, Liberia lost 4,809, Guinea, 2,536 and Sierra Leone 3,955. Even the World Health Organisation (WHO) commended “…the Nigerian Government’s strong leadership and effective coordination that included the rapid establishment of an Emergency Operations Centre… strong public awareness campaigns, teamed with early engagement of traditional, religious and community leaders, also played a key role in successful containment of this outbreak”, hence, Nigeria was declared Ebola-free on October 20, 2014, only three months after the first reported case.

Thereafter, Nigeria had the luxury of even sending health workers to assist other sister African nations affected by the disease. Furthermore, the WHO Country Director in Abuja, Dr. Rui Gama Vaz, described Nigeria’s exemplary handling of the outbreak as a “spectacular success story.” In spite of all these achievements and accolades for this rare feat, the All Progressives Congress (APC), the major opposition party, tried severally to politicise the issue and distract the Jonathan administration, an issue which resulted in the PDP chiding the APC for politicising what would have been a national disaster irrespective of party affiliation, ethnic background or religious leaning.

Then to 2016, and with the outbreak of the Lassa fever which was officially declared by the federal government in January 2016, despite the Minister of Health saying it has been with us for 6 weeks (as at 8th of January, 2016), yet, Lassa fever has killed 44 Nigerians as at January 18, and distracted by the so-called corruption cases deliberately churned up by the authorities as decoy to parry the attention of Nigerians from other urgent national matters. With the death toll of Lassa fever reaching 44 and the possibility of climbing higher, one can only thank God that Buhari and his party, APC, were not in power when Nigeria and indeed West Africa suffered the Ebola outbreak. It would have been a monumental disaster.

It is sickening, smacks of gross incompetence and a display of high level of crass irresponsibility on the part of the present administration to be talking of setting up a National Action Committee to tackle the Lassa fever outbreak nearly three weeks after its emergence. The Action Committee would be inaugurated at an Emergency National Council on Health meeting.

Question is what is “emergency” about calling a council meeting over a disease that has been allowed to ravage citizens for so long? Why did it take the intervention of the Senate via its committee on health for the Buhari administration to be talking of a council meeting to tackle Lassa fever? Why did we have to wait for 44 citizens to die before taking action? Why did we wait for Lassa fever to spread to 10 states before waking up from slumber? Surely, there is a lax attitude from government towards the wellbeing of the citizens be it in health, employment, economy, education, social welfare, infrastructure etc.

When compared to the progress made under the Jonathan administration against the Ebola disease, one would have thought that Nigeria should only improve on that in tackling any disease of similar trait. But with the Lassa fever saga, it has become obvious; that the “Change” promised during the campaigns is nothing but a charade.



source: Daily Times

EU High Commission Give Condition For The Support Of Biafra

Federica Mogherini, European Union High Representative for Foreign Affairs and Security has replied Biafra agitators and the Organization of Emerging African States (OEAS) over their call for a referendum.



The OEAS had earlier requested that the European Union High Representative for Foreign Affairs and Security utilizes their good office to help bring about a referendum for Biafra’s independence.



The OEAS also called for release of all Biafran political prisoners, a stand down of Nigerian forces, and a snap referendum to be held within 90 days.



In response to their request, Mogherini replied Dr., Jonathan Levy, OEAS Chief Administrative Officer, stressing that, the European Union’s official position is that while it has strong diplomatic and economic ties with Nigeria, “protection of human rights and fundamental freedoms remains a priority for the EU and we encourage the authorities [Nigeria] in every occasion to respect such rights.”



The EU went on to advise the OEAS and Biafrans that self-determination and border changes must be in accordance with established international law. The OEAS has called for an internationally recognized referendum on Biafra independence or autonomy. The EU has indicated it will only recognize a Biafra born via international law and not armed secession.



To achieve a referendum, the OEAS advises all nonviolent means should be utilized including general strikes, economic boycotts, work actions, demonstrations, lawsuits, and civil disobedience. Nigeria is a member of The International Labour Organization (ILO). The ILO recognizes the right to engage in general strikes and the right to strike is also recognized in the International Covenant on Economic, Social and Cultural Rights of 1966 (Article 8(1)(d)).

2016 Nigeria Budget: major differences between the missing budget and the new one

Controversies over the 2016 National Budget may have just begun, with a fresh N3.9 billion injected into the second version of the budget presented by Ita Enang, special adviser to President Muhammadu Buhari on National Assembly matters (Senate) according to the Senate.


On December 22, 2015, the president had presented the appropriation bill before a joint session of the national assembly, and was well received as an expansionary budget aimed at stimulating the economy.


On Tuesday, it was discovered that the budget was missing at the senate, and there have been speculations that it was withdrawn for correction. Senate President, Bukola Saraki met Buhari immediately after the senate plenary session, and thereafter dismissed the reports, saying the budget was with them.


The presidency said hundreds of copies of the budget were presented to the national assembly and all could not possibly be missing. TheCable obtained both copies of the budget and highlighted the disparities between the two versions of the 1,810-page document.


Most of the changes made were relating to the state house and the presidency in general. Fresh N3.9 billion was included for routine maintenance of the presidential villa, while the amount stipulated for the purchase of BMW salon cars was reduced from N3.6 billion to N340 million.


Below is a table showing the changes made to the 2016 budget:


ALTERATIONS TO THE OLD VERSION OF THE BUDGET DESCRIPTION


Old Budget (O)
New Budget (N)

STATE HOUSE – HQTRS (TOTAL OVERHEAD)
(O) 2,063,951,770
(N) 1,963,951,772
Reduced by 99,999,998


STATE HOUSE – HQTRS (TOTAL RECURRENT)
(O) 3,640,645,629
(N) 3,540,645,631
Reduced by 99,999,998


OFFICE OF THE CHIEF OF STAFF TO THE PRESIDENT (TOTAL ALLOCATION)
2,258,000
27,258,000
Increased by 25,000,000


OFFICE OF THE CHIEF SECURITY OFFICER TO THE PRESIDENT (TOTAL ALLOCATION)
(O) 3,177,380
(N) 28,177,380
Increased by 25,000,000


STATE HOUSE MEDICAL CENTRE
(O) 3,865,629,221
(N) 3,890,629,221
Increased by 25,000,000


STATE HOUSE LAGOS LIAISON OFFICE
(O) 126,727,005
(N) 151,727,005
Increased by 25,000,000


OVERHEAD COST (STATE HOUSE)
(O) 1,964,893,444
(N) 1,864,893,446
Reduced by 99,999,998


OTHER RECURRENT COSTS (STATE HOUSE)
(O) 2,063,951,770
(N) 1,963,951,772
Reduced by 99,999,998


MISCELLANEOUS (STATE HOUSE)
(O) 454,145,445
(N) 354,145,445
Reduced by 100,000,000


PURCHASE OF BMW SALOON CARS AND JEEPS (5NOS.EACH)
(O) 3,630,000,000
(N) 340,000,000
Reduced by 3,290,000,000


RENOVATION WORK ON 8 NO.BLOCKS OF 16 NO. 2 BEDROOM FLATS AT STATE HOUSE SECURITY QUARTERS, ASOKORO “NEW QUARTERS”
Absent in old budget
254,587,922
Fresh 254,587,922


WILDLIFE CONSERVATION
(O) 326,084,876
(N) 115,829,076
Reduced by 210,255,800


ANNUAL ROUTINE MAINTENANCE OF VILLA FACILITIES BY JBN
Absent in old budget
3,914,197,062
Fresh 3,914,197,062


CONSTRUCTION AND PROVISION OF RECREATIONAL FACILITIES
764,671,015
Absent
764,671,015 Removed


ELECTRICAL INSTALLATION OF DISTRIBUTION BOARDS AND OTHER CABLES
(O) 191,592,132
(N) 371,733,964
Increased by 180,141,832


PURCHASE OF 33 SEATER COASTER BUSES
(O) 158,000,000
(N) 120,000,000
Reduced by 38,000,000


PURCHASE OF 16 SEATER TOYOTA HIACE COASTER BUSES.
(O) 204,000,000
(N) 120,000,000
Reduced by 84,000,000


OFFICE OF THE CHIEF OF STAFF TO THE PRESIDENT (TOTAL OVERHEAD)
25,000,000
Fresh 25,000,000


OFFICE OF THE CHIEF OF STAFF TO THE PRESIDENT (TOTAL RECURRENT)
25,000,000
Fresh 25,000,000


FEDERAL MINISTRY OF SOLID MINERALS (WEBSITE UPDATE)
795,234,275
Fresh 795,234,275


MAINTENANCE OF FME WEBSITE AND PROVISION OF ANTIVIRUS AND PORTAL DESIGN AND DEVELOPMENT FOR NIGERIA EDUCATION MANAGEMENT INFORMATION SYSTEM
(O) 15,000,000
(N) 273,657,322
Increased by 258,657,322

Alleged Missing Nigeria 2016 National Budget: Senate Indicts Presidency

The controversy surrounding the missing 2016 National Budget of the President Muhammadu Buhari-led administration, has taken a new turn with two separate copies coming into the picture and the person that allegedly committed the act revealed.


According to an exclusive report on Premium Times, the Nigerian Senate has accused ‎the Senior Special Assistant to President Muhammadu Buhari on Senate, Ita Enang, of changing the contents of the 2016 appropriation bill before making the document available to the lawmakers.


It was learnt that the Senators at its plenary on Thursday, revealed that Ita Enang changed the contents of the original document as presented by President Buhari before a joint session of the National Assembly last December.



The Senate President, Bukola Saraki, disclosed this at the end of an executive closed session with the committe who investigated the missing budget that lasted over two hours.



"What he distributed is different from what was presented by Mr. President and we have resolved not to address any version until we receive the version presented by Mr. President," Saraki stated.


The chairman, Senate Committee on Media and Publicity, Aliyu Sabi, further emphasised the Senate allegation when he briefed journalists after plenary.


"We are duty bound to consider the budget that has been laid by Mr. President; we are waiting for the soft copy that we can produce it ourselves," Sabi said.



He, however, did not give details of the discrepancies between the said original version and the allegedly doctored version distributed by Mr. Enang.


Below is what the Senate President, Bukola Saraki, posted on his official Facebook page;

OIL AND GAS BUSINESS OPPORTUNITIES AVAILABLE

Recently Updated

The oil and gas industry is perhaps the most strictly regulated sector, yet; it remains probably the most profitable. In fact, crude oil or petroleum and its derivatives are essential commodities that are consumed on daily basis.

Related post: How to start oil and gas marketing/distribution business

Despite the massive agitation for the adoption of alternative renewable energy resources, oil still remains the number one because 99.99% of all vehicles and machines use either PMS (Petrol) or AGO (Diesel). So the demand for petroleum products is not going anywhere in the nearest future because it will take decades before the concept of renewable energy will fully be accepted.

You don’t also need to be rich to be an oil merchant, as there are several lucrative low startup capital services within the oil and gas industry. All you need is the will to succeed, and the technical know-how of the business you want to venture into.

So without wasting your time, below are some profitable business opportunities in the oil and gas sector.

1. Oil Drilling and Exploration
Venturing into oil and gas exploration is the most risky but profitable business in the petroleum sector. To venture into this field, you will need massive amount of capital, heavy machinery, a highly competent technical team and an approval from the government. In Nigeria, such approval is called an “Oil Prospecting License (OPL).” Companies operating at this level include Exxon Mobil, Texaco, Chevron, Conoil, etc.



2. Equipment Leasing
Now if you lack the financial muscle or capacity to venture into oil exploration, you can still tap into the wealth by setting up an equipment leasing company specifically to serve the petroleum sector.

3. Petroleum Refining
Another profitable business in the oil and gas sector is petroleum refining. Now you can setup your own small private refinery and compete with the giants, since oil is a commodity that has no unique selling point. For instance, with the deregulation of the downstream sector in Nigeria, and the current upstream deregulation plus the planned subsidy removal; setting up a private refinery is the next business that will kick off in Nigeria.


4. Crude Oil Exportation

Related post: Become independent oil and gas marketer

5. Fuel Importation

6. Offshore Trading
Now some oil shipping tankers don’t have the right to sail through the waterways of certain countries, so what they do is to sell of their oil at the border to a merchant whose ship have the right to enter the country. If you have the financial capacity and logistics to buy these products offshore at a bargain, you can make some profits from the margin


7.  Oil Farm / Depot
You can also setup a tank farm and sell petroleum products to distributors and retailers. In this case, you will need to build massive tank farms or reservoirs to store your products as you will either import your own products, or source your products from the local refineries or buying from the oil tankers.


8. Fuel Haulage and Logistics
Do you want to operate a business in the oil and gas sector but you want to avoid the hassles of getting a license and the strict compliance required to run an oil company? Then you can simply purchase trucks and haul petroleum products for marketers from the depots to their desired destinations.


9. Filling Stations –
You can also setup a fuel station and retail petroleum products such as PMS (Petrol Motor Spirit), AGO (Diesel), DPK (Kerosene) to domestic and commercial users.

10. Petrochemicals refining –
You can also venture into the production of petrochemicals such as Benzene, Ethylene, Ammonia, Toluene, etc.


11. Domestic Kerosene Retailing
Just recently, I have started seeing mini fuel stations with just a pumping machine; within some streets in Lagos, Imo and some others states. This mini fuel stations are simply retailing Kerosene to households and domestic users. If you don’t have the funds to purchase motorized pump-machines, you can start by using big barrels. But remember that you must be licensed before you can start this business.

Related post: Become financially independent through oil and gas marketing

12. Gas Wholesaling and Retailing
You can also setup a gas plant, or a wholesaling point. Or better still, you can retail domestic gas like ethane and butane, etc.


13. Petroleum Supply on Contract Basis
You can also supply AGO (Diesel) and LPFO(low pour fuel oil) to companies that run heavy duty power generators like banks, manufacturing firms, telecom companies, construction companies etc. You can also supply aviation fuel to airlines on demand-and-supply basis.


14. Oil and Gas Consulting
Have you being employed in the oil and gas industry for a long time? Do you have the skill and experience? Do you understand the modus operandi of some specific oil businesses?

Then you can become a consultant with expertise in the oil and gas industry. Your duty here is to offer advice and guidance to entrepreneurs and investors seeking to venture into the oil and gas industry. You can also help them scale the hurdles of the oil industry.


15. Oil and Gas Brokerage Services
Even if you have no money to venture into the oil and gas business, you can still profit from the industry by offering brokerage services between buyers and sellers of petroleum products.


16. Blogging – You can also start a blog profiling oil and gas companies; and keeping the stakeholders abreast with the happenings in the oil and gas sector.


17. Publish a Magazine – Just as in the case of blogging, you can start a hard cover magazine focusing on the oil and gas sector.


18. Start a TV Show production
You can also launch a TV show targeting the oil and gas sector. You can profile and interview entrepreneurs in the oil sector, review the challenges in the petroleum sector, etc.


19. Oil and Gas related services
You can also start an oil and gas services company. Your company can choose to offer services such as safety, hazard control, pipeline installation, other installations, pipeline monitoring and security, etc.


20. Invest in Oil and Gas companies
Now if you lack the capital or the entrepreneurial prowess to venture into the oil and gas business, you can still make money off the industry by investing in a reputable oil and gas company with proven track record. Just ensure you do your due diligence before you invest a dime.

Related post: A to Z of petroleum products marketing business

For consultation and inquiries contact us:

tochukwudike@gmail.com
customercare.dillionworld@gmail.com
info@dillionworld.com
+2348035217265

$2B Arms Deal Scandal: Names of beneficiaries of the controversial fund

The investigation of the controversial $2bn arms deal controversy that has rocked the nation's polity has progressed with the EFCC having a clear list of beneficiaries.



See the list of beneficiaries in the alleged shady deal below...



Former governors Peter Odili (N100m)



Rashidi Ladoja(N100m)



Attahiru Bafarawa(N100m)



Mahmud Aliyu Shinkafi (N100m)



Jim Nwobodo (N500m)



Chief Tony Anenih(N260m)



ex-PDP National Chairman Ahmadu Ali(N100m)



Chief Bode George (N100m/ $30,000)



Yerima Abdullahi (N100m)



Chief Olu Falae (N100m)



Tanko Yakassai (N63m)



Gen. Bello Sarkin Yaki(N200m)



Raymond Dokpesi, Iyorchia Ayu’s company(N345m)



BAM Properties(N300m)



Dalhatu Investment Limited(N1.5b)



Ex-PDP National Chairman Mohammed Bello Haliru, Abba Mohammed, Sagir Attahiru, serving and former members of the House of Representatives(over N600 million)



Former Chairman of the House of Representatives on Security and Intelligence, Bello Matawalle(N300m)



ACACIA Holdings(N600m)



Bashir Yuguda (N1,950,000) and many companies.



Based on the vetting of the evidence of the money shared, the EFCC is insisting that all those implicated so far must refund the “illegal disbursement” of cash to them or face trial.



A top EFCC source said: “We have conducted a thorough investigation and we have retrieved some of the memos sent to ex-President Goodluck Jonathan by the former National Security Adviser; none of them indicated that the cash should be for political purposes."



Source: Tori.ng

Make Money By Investing in Mutual Funds

Last Updated: July, 2021

A vast majority of people have invested in mutual funds, mostly through a 401(k) plan at work, a Roth IRA, aTraditional IRA, a 403(b), a SEP-IRA, aSimple IRA, or another retirement account. Unfortunately, many new investors can't actually tell you what a mutual fund is, how a mutual fund works, or how you make money from a mutual fund. This brief introduction to making money from mutual funds was designed to help you answer those questions.

You Can't Start Making Money Investing in Mutual Funds Until You Understand What They Are

Before you can learn how to make money investing in mutual funds, you have to understand what a mutual fund is. I put together an extensive resource to help you understand this called   "The New Investor's Guide to Mutual Fund Investing" (N3000). One of the articles in that series was called 'How a Mutual Fund Works'. To save you time, I'll give you the short version.

Basically, a mutual fund is a term used to describe a type of company that doesn't do anything itself, but rather it owns investments.

The company (the mutual fund) hires a portfolio manager and pays him or her a management fee, which often falls between 0.50% and 2.00% of assets. This portfolio manager invests the money raised by the fund according to the strategy laid out in a document called the prospectus.

Related post: How to start oil and gas marketing and distribution business in Nigeria without capital

Some mutual funds specialize in investing in stocks, some in bonds, some in real estate, some in gold. The list is practically endless. As I mentioned in Making Money Investing in Nigeria Stock Exchange Market , there are even funds designed for people who only want to own dividend stocks in the S&P 500 that have increased the dividend every year for the past 25 years!

It is safe to say that there is a mutual fund for almost any objective you may wish to achieve.

The Ways You Actually Make Money from Owning Mutual Find's

How you start making money when you invest in a mutual fund depends upon the type of fund you own.
If you own a stock fund, the biggest sources of potential profit are an increase in the stock price (capital gains) or cash dividends paid to you for your pro-rata share of the company's distributed profits.

If the fund instead focused on investing in bonds, you are making money through interest income.

If the fund specializes in investing in real estate, you might be making money from rents, property appreciation and profits from business operations, such as vending machines in an office building.

The Three Keys to Making Money Through Mutual Fund Investing

There are three major keys to making money through mutual fund investing. These are:

1. Keep expenses low.
The number one consideration when it comes to making money from mutual funds is keeping your costs low. This is the reason so many financial advisers tell their clients to invest in low cost index funds. These are often referred to as "dumb money" because they have no portfolio manager. Instead, they hold a basket of stocks with similar characteristics.
Why is that important? Because saving even 1% over an investing lifetime can lead to enormous wealth. If an 18 year old saved N50,000 per year, the difference between a 7% return and an 8% return over 50 years is N8,036,206. That is real money by anyone's standards!

2. Give yourself plenty of time to compound your wealth.
The longer you money stays invested, the more time you have to capture the power of compound interest.

3. Don't invest in anything you don't understand.
The first rule of making money, as Warren Buffet has always quipped , is to never lose money. The second rule is to see rule #1. You should know exactly what each of your mutual funds owns and why you are invested in it.

Here are the top Mutual Fund Managers in the Nigeria in no particular order

Stanbic IBTC Asset Mgt. Limited
They operate several equity funds. They were awarded Best Mutual Fund Provider in 2015. Stanbic IBTC Asset Management is a wholly owned asset management subsidiary of Stanbic IBTC Holdings, a member of Standard Bank Group, the largest banking group in Africa. They offer numerous clients products and services, ranging from traditional assets (i.e. equities, fixed income securities and mutual funds) to alternative investment options such as unquoted equities and private equity opportunities. They manage the Stanbic IBTC Nigerian Equity Fund, Their flagship fund, as well as the Stanbic IBTC Ethical Fund, Stanbic IBTC Guaranteed Investment Fund, Stanbic IBTC Money Market Fund and Stanbic IBTC Bond Fund.

FBN Capital Limited
First Bank Nigeria Capital Market. They provide strategic advice, arrange finance, administer assets, manage funds, sell investment.

Asset & Resources Mgt. Co. Ltd
Asset & Resource Management Company is Nigeria’s largest independent non-bank financial institution with over 20 years of experience in asset management. The ARM Group offers a variety of products to its retail clients including mutual funds, real estate, life insurance, pension administration and stockbroking services.
ARM has an AA- rating by Agusto & Co, (the highest rating for an asset management firm in Nigeria) and was named the Best Fund Manager in Nigeria in 2013 by Capital Finance International.
They offer
ARM Aggressive Growth Fund
ARM Discovery Fund
ARM Ethical Fund
ARM Money Market Fund

Related post: How to start cooking gas refilling business in Nigeria with little capital

Alternative Cap. Partners Ltd
They operate an equity fund called ACAP Canary Growth Fund. The ACAP CanaryGrowth Fund (“The Fund”) is a Securities and Exchange Commission (“SEC”) registered collective investment scheme listed on the Nigerian Stock Exchange Memorandum Quotation. The Fund is open to strategic investors- High Net worth Individuals, Pension Fund Administrators, Insurance Companies, Mortgage and Microfinance Banks, Endowment Funds, Family & Trust Funds, Educational centres, Charity Organisations, Religious Houses, Company Co-operatives & Staff Schemes and Federal, State & Local Governments including their Investment companies. Minimum Subscription is 50,000 units and 10,000 units thereafter.

UBA Asset Management Limited
The UBA Mutual Fund is authorized and registered in Nigeria as a Unit Trust Scheme under Section 125 of the Investment Securities Act (ISA). It is an open ended fund. There is free entry and free exit Subscription.
They offer
UBA Balanced Fund
UBA Bond Fund
UBA Equity Fund
UBA Money Market Fund

Investment One
Investment One is one of the fastest growing Financial Services firms in Nigeria. Following the Central Bank of Nigeria initiated reforms in the banking industry, There erstwhile parent company; Guaranty Trust Bank Plc divested its shareholding in the company. The company was acquired by select investors, management and staff of Investment One.
Founded in 2007, Investment One (then GTB Asset Management Limited) commenced business in 2008. They provide Investment Management, Trust Services, Financial Advisory Services and through there subsidiaries provide Securities Brokerage, Fund Management and Pensions Services to individuals, corporate institutions, state governments and government agencies and parastatals
They offer
Nigerian International Growth Fund (NIGFUND)
Kakawa Guaranteed Income Fund (KGIF)
myPASS (my Project Aimed Savings)
Child Trust
Guaranteed Investment Saving (GIS)

Chapel Hill

Chapel Hill was ranked the “Best Investment Bank in Nigeria” and “Best Debt House in Nigeria” for the last year. The firm provides comprehensive advisory services to a diverse client base which includes financial institutions, major corporations, individual and institutional investors and government agencies. Our transaction experience spans across several sectors including banking, insurance, real estate, manufacturing, telecommunications, oil & gas, aviation and the public sector.

Sterling Capital Market Limited
They offer an equity fund called Frontier Fund. The Frontier Fund is a balanced, open- ended unit trust scheme incorporated on 18th March 2004. It has a primary objective of achieving long-term capital appreciation as well as return a competitive income to its Unit holders by investing in carefully selected money and capital market instruments, with the aid of highly seasoned professional fund managers.

By Tochukwu Dillion.
Contributor: Joshua Kennon.

Dasukigate: Buhari's Associate And APC Chieftain Arrested

The Economic and Financial Crimes Commission on Wednesday night arrested a former military governor of Kaduna State and chieftain of the ruling All Progressives Congress, Jafaru Isa.

Mr. Isa is the first chieftain of the APC arrested by the EFCC since the beginning of a sweeping probe into the alleged diversion of $2.1 billion meant for arms purchase by officials of the immediate-past administration.

Mr. Isa, a former governor and one-time governorship candidate of the defunct CPC in Kano State, is a close friend of the embattled former National Security Adviser, Sambo Dasuki.

Mr. Isa, also a close political associate of President Muhammadu Buhari, was arrested at his Abuja residence located at Ajayi Crowther Street, Asokoro.

A witness told PREMIUM TIMES that operatives of the anti-graft commission invaded his residence around 9pm, and then whisked him away a few minutes later. It was gathered that Mr. Isa, a retired brigadier general, was invited last week to appear before the commission on Wednesday (yesterday) to clear the air on “some questionable receipts” from the former NSA.

Investigators believe the retired soldier received over N100million from Mr. Dasuki. Rather than honouring the invitation, sources said, Mr. Isa wrote a letter to the EFCC through his lawyer, seeking a postponement of his appearance date on the grounds of death of a relative.

Apparently dissatisfied with his excuse, the EFCC however arrested him to clarify the “questionable receipts”.

The spokesperson of the EFCC, Wilson Ujuwaren, could not be reached Thursday morning for‎ comments on the arrest. But a top official of the commission confirmed the development.

”He has been wasting our time, and we just have to pick him up for our investigation to continue,” the official said.

The 2016 Nigeria Budget And IMF Boss Visit To Buhari

President Muhammadu Buhari on Tuesday in Abuja said that his administration will look inwards, enforce regulations to stop financial leakages and adopt global best practices in generating more revenue to mitigate the effect of dwindling oil prices on the Nigerian economy.

The president said this while receiving the Managing Director of the International Monetary Fund (IMF), Ms Christine Lagarde at the Presidential Villa. He said that his administration will also enforce greater discipline, probity and accountability in all  revenue generating agencies of the Federal Government.

The presidential spokesperson, Femi Adesina, quoted Mr. Buhari as telling Ms. Lagarde that: “We have just come out of budget discussions after many weeks of taking into consideration the many needs of the country, and the down turn of the economy with falling oil prices and the negative economic forecasts,”

“We are working very hard and with the budget as our way forward, we will do our best to ensure that our country survives the current economic downturn.

“We have also told all  heads of Ministries, Departments and Agencies of government that on our watch, they will fully account for all funds that get into their coffers.”
The President said the Federal Government was reviewing its operational costs and had directed all the Ministries, Departments and Agencies to cut down on their overhead costs.

President Buhari said the Federal Government will welcome  the technical support and expertise of the IMF for its plans to diversify the Nigerian economy and further unleash its growth potentials.

In her remarks, Ms Lagarde said that the IMF will be willing to assist the Federal Government in plugging revenue leakages, tracing stolen funds and restructuring its tax system.

She said Nigeria had all the potentials to overcome the current economic challenge of falling commodity prices without resorting to the IMF for financial support.

Ms. Lagarde had earlier given insight into what she discussed with Mr. Buhari, saying contrary to widespread perception, she was not in Nigeria to negotiate a loan for the country.
 

The IMF Chief said: “I am not here to negotiate loan with conditionalities because Nigeria does not need a new IMF programme,”
 

Ms. Lagarde, who addressed a press conference at the State House, Abuja, said she had a fruitful discussion with Mr. Buhari on the state of the Nigerian economy in the light of dwindling oil prices.

She said she also discussed how Nigeria could face the challenges associated with global economic downturn.

She said her meeting with the president also dwelled on Mr. Buhari’s fight against corruption and his commitment to transparency and accountability in governance.

Ms. Lagarde said the IMF considers Nigeria a key player in global financial structure, adding that ongoing reforms in the country would definitely have a great impact on Nigeria’s neighbours.

According to Reuters, the IMF boss speaking at the presidential villa in the capital Abuja moments after holding talks with President Muhammadu Buhari.

 

She backed Buhari's fight against corruption terming it "very important" and said the president's reform push could have a positive impact in the region.

According to The Whistle, speaking on Nigeria's 2016 budget, she said, “A team of economists is going to come here (Nigeria) next week to review and audit (the Bill) and have a good discussion with the government authorities to really assess whether the financing is in place, whether the debt is sustainable, whether the borrowing costs are sensible and what strategy must be put in place in order to address challenges going forward”.