Tag: November

  • FG, States, LGs share N675bn revenue for November

    FG, States, LGs share N675bn revenue for November

    The Federation Accounts Allocation Committee (FAAC) has shared a total of N675.946 billion from November 2021 Federation Account Revenue to the Federal Government, States and Local Government Councils.

    This was contained in a communiqué issued at the end of a virtual meeting of the Federation Account Allocation Committee (FAAC) for December 2021.

    The N675.946 billion total distributable revenue comprised distributable statutory revenue of N488.674 billion; distributable Value Added Tax (VAT) revenue of N182.678 billion, Exchange Gain of N4.156 billion and Excess Bank Charges Recovered of N0.438 billion.

    In November 2021, the total deductions for cost of collection was N30.957 billion and the total deductions for statutory transfers, refunds and savings was N136.908 billion. The balance in the Excess Crude Account (ECA) was $35.365 million.

    The communiqué confirmed that from the total distributable revenue of N675.946 billion; the Federal Government received N261.441billion, the state governments received N210. 046 billion and the local government councils received N155.456 billion. The sum of N49.003 billion was shared to the relevant states as 13% derivation revenue.

    The distributable statutory revenue of N488.674billion was available for the month. From this, the Federal Government received N231.863 billion, the state governments received N117.604 billion and the local government councils received N90.668 billion. The sum of N48.540 billion was shared to the relevant states as 13% derivation revenue.

    In the month of November 2021, the gross revenue available from the Value Added Tax (VAT) was N196.175 billion. This was higher than the N166.284 billion available in the month of October 2021 by N29.891billion.

    The sum of N5.650 billion allocation to NEDC and N7.847 billion cost of collection were deducted from the N196.175 billion gross Value Added Tax (VAT) revenue, resulting in the distributable Value Added Tax (VAT) revenue of N182.678billion.

    From the N182.678 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N27.402 billion, the state governments received N91.339 billion and the local government councils received N63.937 billion.

    The Federal Government received N1.946 billion from the total Exchange Gain revenue of N4.156 billion. The state governments received N0.986 billion, the local government councils received N0.761 billion and N0.463 billion was shared to the relevant states as 13% derivation revenue.

    It was also disclosed that the Federal Government received N0.231billion, the state governments received N0.117billion and the local government councils received N0.090 billion from the N0.438 billion Excess Bank Charges Recovered.

    According to the communiqué, in the month of November 2021, Petroleum Profit Tax (PPT), Oil and Gas Royalties, Companies Income Tax (CIT) and Value Added Tax (VAT), increased remarkably. Also, Import and Excise Duty increased marginally.

  • The ember months, By Abdu Rafiu

    The ember months, By Abdu Rafiu

    Whenever we embark on the last leg of each year tagged the ‘Ember Months’ millions become edgy, the atmosphere is tensed up. It is a period that is approached with dread and trepidations.

    The enlightened communities live in morbid fear and trembling. The sense of foreboding arises from widespread misconception that the last four months of the year—September to December—must be doom-laden. It has been ordained and woven into the journey of man, so a majority of us human beings so believe. From the first day of the month, many figuratively lose their composure: What has the period in store this year for us?

    Here is a season we ought to look forward to with joyful longing, a period that should bring back to our memories the herald of great tidings, and attendant joy and happiness, of glitters, of dancing and at the same time sober reflection. It usually takes the arrival of January before the discomposure is restored to normalcy and many get back their breath. Consequences of blunders that may have been committed are blamed on the period, believing it to be accident-prone. It will be surprising if the calamitous collapse of a 21-storey building that occurred on Monday at Ikoyi is not blamed on the season by the unwary. The building was under construction when it came down.

    Yesterday, an aircraft ferrying fuel for the UN’s World Food Programme crashed in the Sudan capital of Juba. All on board were killed. Three weeks ago, a small aircraft crashed into some homes and close to a high school in California following which it burst into flames. A week after that another plane crashed into an empty building outside in the outskirts of Milan.

    As if to buttress the belief of the ember months doom merchants, statistics from year to year have always shown that September to December holds the highest record of untimely deaths from road accidents in this country.

    Consequently, as August winds down, Federal and state agencies, particularly the Road Safety swing into action, indeed bringing out the gong for public enlightenment campaigns in an attempt to minimize road traffic crashes. Traffic officials blame the accidents on the impact of hard drugs on drivers, speeding, indiscriminate parking, wrong overtaking, driving against traffic, and traders displaying their wares on walkways, in some cases the display eating into the roads. They urge all road users to comply with traffic regulations and be conscious of other road users. Federal Road Safety Corps sector commander in Anambra State, Adeoye Irelewuyi, flagging off this year’s Ember months campaign said the theme of the campaign is: “maintain Safe speed, Avoid Night Travels and Enjoy Quality Road Experience.”

    According to NAN, Irelewuyi said crashes occurred owing to the impatience of drivers and the quest to make fast money for the Yuletide period. “This year in Anambra, the ember months coincide with the election period thereby further increasing the vehicular and human movements in the state. I wish to disabuse our minds of the belief that evil spirits are responsible for increased crashes recorded during this period. The crashes are mostly as a result of human errors while using the roads.”

    The sector commander in Gombe, fearing that crashes might be high during Yuletide said between January and March 501 persons were involved in crashes in the state and these claimed 33 lives with 298 persons injured. “Since 2017”, he went on, “we have embarked on the installation of speed limit devices in all commercial vehicles and we have realised that some vehicles have not been complying with speed limiters.”

    From the forgoing and despite visible causes attributed to human errors, the unfounded belief that the ember months are jinxed lingers and for many it is not about to go away soon all of which is borne out of ignorance.

    The truth is there is no day, let an alone month, that is cursed. Higher knowledge that is available to those seeking the truth about life and existence, about reasons for all happenings; to those who are genuinely seeking solutions to problems, shows that we are granted intuitional guidance every second, year in, year out. We are exposed to unnecessary risks only when we do not take advantage of the high grace.

    For many, the five senses—sight, hearing, smell, taste and touch are all there are to receive knowledge. The sixth sense through which delicate impressions and premonitory signs are received has been deadened by the hustle and bustle as well as the coarseness of earthly life. The mysteries of life are only imaginary.

    With the use of our intuition, just as unhappy home unhappiness affects a child’s behaviour, so do polluted beyond-the-earthly influences, that is, the ethereal influences, affect us all. We human beings unceasingly dump dirt into the ethereal. It is pure thoughts that soon put an end to evil, confusion and sorrow because it is these the ethereal world now harbours and it is sowing that leads to reaping. If the ethereal world is heavy with impurities, it should follow that influences that it mediate will make for sorrow for those who may have contributed to its poisoning and weight. Therewith the effects of gravitation make heavy objects sink and light ones float. It is helpful to cogitate about the power of volitions and thoughts because thoughts and speech are linked; they stick together in the long run in a group as a cohesive owing to their homogeneity, forming power centres from where earthly manifestations flow in the ripeness of seeds sown through thoughts and speech. We can observe the law that draws like with like in the common saying that birds of the same feather flock together. In the same way people of the same tendencies, who are similar in proclivity, in character, in world view and in sharing of same values without pre-thought or calculation draw together. It requires nothing of smokers to find themselves and draw close at gatherings.

    In the same way people of noble character, people who are high-minded can’t help finding themselves. It is so in the animal kingdom; it is so in the colony of fishes in the bed of the seas. Tilapias are found among tilapias and catfish are at home among their own kind. It is thus wrong to see ember months as wheels within wheels. Understanding happenings is simplicity itself if we keep the laws of nature in the forefront of our minds and before our gaze.

    We can live without accidents all year round if everyone does his bit, the driver obeying traffic regulations, the government providing good roads and the law enforcement agents with a conscientious attitude maintaining law and order through enforcement and prosecution. Many an engine is due for an overhaul. Failing to obey traffic rules is riding towards a fall. It is a tragedy that many of our roads have remained in callous state of disrepair, indeed death traps for motorists.

    However, not all road accidents are accidental. Some are preordained. For example, a Mrs. X voluntarily chooses to sell liqueur to drivers of commercial vehicles on duty be they buses, trailers, and even commercial motorcycle rides. Her friend, Miss P. encourages her, solely funds the business idea. Mr. D. makes a voluntary act to import substandard parts. The decision of Mrs. X and Mr. D’s act evolved. There are points of similarity between them. The actions of both affected others disastrously as many not in a mentally fit state to drive did so, pedestrians who did not look both ways before crossing the road and vehicles were serviced with fake spare parts, have put themselves in a bind, drawn together by the law to take responsibility for their actions. Mr. X and Miss P are complete strangers to Mr. D. The two friends were unaware of his existence until they met at an opportune moment. The result of his harmful act coincided with the outcome of the friend’s wrong thinking. The trio was bound by collective guilt to a fatal accident on an ill-fated car ride because every formation is timed to connect with the consequences by the forces of Nature.

    Observers at the accident scene erroneously see the misfortune as a coincidence. If it happened between September and December, they will attribute it to the deadly power of ember months. Others who have very set ideas about religion see the Creator as the cause, because of His omniscience. “He giveth and taketh at will,” they would readily say. The question may be asked: Why do we have more accidents during the ember months? It is simply because of the intensification of activities during the period. There is also the fixation that there are more accidents during the ember months. Such thoughts take on form and press for materialization during the time to meet the ‘expectation.’

    We are in the age of beneficial higher knowledge. It is, therefore, time to rid our world of fables and falsity In the Light of Truth—such as all sorts of tales spread about ember months and blasphemy against the Creator Who is goodness personified. Only happiness, joy, and peace issue from Him and His Works. In the workings of Nature that makes provision for our physical welfare, the laws that govern cosmos are noticeable to all who want to see. To be safe, happy, fulfilled and sustained, we must conform to these laws in which are enshrined the Will of the Creator. We are to strive to obey the high guidance which we receive through our intuition which indeed receives through the cerebellum. All reactions are preceded by actions and no matter how long it takes every cycle must close, the end going back to the beginning. Ember months are as much a blessing as are the rest of the year. To make most of the time on earth we must strive and ensure that we produce pure thoughts; speeches laced with love and do what is of benefit to our fellow men. Above all, the golden rule is to do all things to the honour of the Highest. The approach of Yuletide and New Year always work the people, worldwide, into frenzy.

  • BREAKING: INEC fixes Nov. 6 for Anambra governoship poll

    BREAKING: INEC fixes Nov. 6 for Anambra governoship poll

    The Independent National Electoral Commission (INEC) has fixed November 6 for the conduct of the governorship election in Anambra State.

    INEC Chairman of Information and Voter Education, Festus Okoye, disclosed this in a statement issued on Tuesday.

    He said the date followed a meeting by the commission to deliberate on the activities for the conduct of the poll, adding that the tenure of Governor Willie Obiano would expire by March 17, 2022.

    “By virtue of Section (178)(1) and (2) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and Section 25(7) and (8) of the Electoral Act, 2010 (as amended), election into the office of the State Governor shall hold not earlier than 150 and not later than 30 days before the expiration of the term of office of the last holder of the office,” the statement partly read.

    “Constitutionally and statutorily, the tenure of the Governor of Anambra State will expire on 17th of March 2022 and the earliest date for the election into the office of Governor, Anambra State, shall be 18th October 2021 and the latest date for the election shall be 15th February 2022.

    “In the exercise of the powers conferred on it by the Constitution, the Electoral Act and all other powers enabling it in that regard, the Commission has fixed 6th November 2021 as the date for the conduct of the Anambra State Governorship election.”

    According to the electoral umpire, a statutory notice on the timetable and schedule of electoral activities would be issued on June 9.

    While the collection of forms would commence on June 10, INEC said the deadline for the conduct of primaries and resolution of conflicts arising from the exercise is July 1.

  • Nigerian born politician, Okoye to contest in US November elections

    Nigerian born politician, Okoye to contest in US November elections

    A Nigerian, Mr Gabe Okoye, is on the ballot in a forthcoming Democratic Party’s senatorial primary runoff election in the U.S.

    Okoye, who hails from Enugwu-Aguleri, in Anambra, is seeking the main opposition party’s ticket for the Nov. 3 general election into the Georgia State Senate to represent District 9.

    Okoye, who is a chieftain of the party in the state, faces a black female challenger, Nikki Merritt, in the second round scheduled for Aug. 11.

    They both advanced to the runoff stage after defeating a third aspirant, Cheryle Moses, in the first round of the primary held on June 9.

    Gabe Okoye: running for Georgia senate primary run-off in the U.S.

    The winner will face the incumbent, Sen. Peter Martin, a Republican, who has been representing the district since 2015 and is seeking relection.

    Okoye is currently a Planning Commissioner in Gwinnett County, the second-most populous local government in Georgia, and is the first black man to serve as a commissioner in the county’s 202-year history.

    The civil engineer and founder of Georgia-based construction firm, Essex Geoscience, also currently serves on the Executive Committee Board of the Gwinnett and state chapters of the Democratic Party.

    Among other goals, Okoye is seeking to capture the District 9 seat from the Republican Party, which has held it for over 30 years, “with nothing to show for it”.

    He told the News Agency of Nigeria (NAN) that he was also aspiring to give the black community in Gwinnet County, his base, a strong voice at the state level.

    In these regards, the senatorial hopeful carved a niche for himself while serving as the Democratic Party chairman in the local government between 2016 and 2018.

    As of the time he emerged the party chairman in 2016, Gwinnett was a Republican stronghold, with only five of the 25 elected officials in the county being Democrats.

    However, the tide turned when Okoye led the party into the 2018 mid-term elections and recorded historic wins.

    They captured 13 elected offices, including the majority of Gwinnett seats in the Georgia state legislature, from the Republicans, who currently hold only seven positions.

    The Democratic Party swept the two county commission seats that were up for election and also took one of the two School Board seats contested for.

    Also, the party reclaimed the office of the Solicitor General of the county after decades in the hands of the Republicans.

    “Under my leadership of the party, we elected the first black commissioner, first black school board member, and also the first black Solicitor-General of the county in its 200-year history as of 2018.

    “The Democratic Party also produced the first black state judge from this county under my watch,” Okoye told NAN.

    In recognition of these historic achievements in Gwinnett, the Georgia House of Representatives in Resolution 313 of 2019, designated Nov. 6 of that year as Gabe Okoye Leadership Day.

    The resolution partly read: “Gwinnett County is the most diverse and the second largest county in the State of Georgia, but this diversity was not reflected in the county’s leadership.

    “Gabe Okoye exhibited great leadership in mobilising and educating the various 9communities of Gwinnett County on the fundamental right to vote.

    “He worked hard to help make the leadership of the county more inclusive, and the result of his hard work was made manifest during the general election on Nov. 6, 2018.

    “Therefore, be it resolved by the House of Representatives that the members of this body commend Gabe Okoye and recognise Nov. 6, 2019, as Gabe Okoye Leadership Day in Gwinnett County.”

    Okoye moved to the U.S. in 1981, and has been residing in Lawrenceville, a suburb of Atlanta and headquarters of Gwinnett County, since 1992.

    On arrival in the U.S., he started life as a security guard, worked his way through college to become a licensed civil engineer, and later became an established Essex Geoscientist.

    Married and blessed with four “grown and successful children’’, Okoye believes he has realised his American dream, and is fighting for others to realise theirs.

    “Therefore, I will give a fearless, strong voice to the silent majority in our district and our county in general,’’ he said on his campaign website.

    A former Chairman of the Nigerians in Diaspora Organisation – Americas (NIDOA), Okoye told NAN that another of his main objective was to bring the Nigerian community into the mainstream of U.S. politics.

    Okoye, who represented Nigerians in the Diaspora at the 2014 National Conference in Abuja, decried the absence of his fellow countrymen in the U.S. political and civic space, in spite of their enormous contributions to the country’s development.

    “What we Nigerians do here is to attend our various ethnic meetings and then go home.

    “Our people don’t mix with the main stream of this country, and I think it is wrong.

    “I also think that we are not leading our children the right way. We should clear the way for them into the American politics.

    “We don’t hear our names in the political lexicon of this area. I want to encourage our children to go into politics,’’ he told NAN.

  • Coronavirus: FG clears air on alleged November resumption for schools

    Coronavirus: FG clears air on alleged November resumption for schools

    The Federal Government has disowned a social media post, which stated that primary and secondary schools nationwide would be resuming by November 2020 as a result of the spread of coronavirus pandemic.

    The government also declared a manhunt for the author of the fake press release, which was circulating on the social media on Wednesday.

    In a statement in Abuja, the Director of Press, Federal Ministry of Education, Mr Ben Goong, urged Nigerians to disregard the fake notice, saying that the author was believed to be mentally unstable.

    Goong explained that the Minister of Education, Adamu Adamu, could not have signed a press release where the Permanent Secretary of the Ministry, Sonny Echono, granted an interview to a reporter from an online medium, as stated in the fake release.

    The ministry’s spokesman reiterated the release calling for schools to resume by November 2020 as a result of the pandemic spread was fake and should be disregarded.

    It reads: “The Federal Ministry of Education has disowned a press release circulating on multiple social media platforms insinuating that schools will reopen in November 2020, describing the release as the handiwork of an illiterate, who, going by the content of his release also appears to be mental.

    “The ministry is asking parents, students and the general public to disregard the release in its entirety, adding that there is no iota of truth about the release. Efforts are on to track the author, and he or she will be prosecuted.

    “We could have ignored the release but for the massive calls from our education correspondents, parents and other stakeholders expressing concerns.”

  • Lagos-Ibadan train operational from November – Amaechi

    Lagos-Ibadan train operational from November – Amaechi

    Commercial activities may begin on the Lagos-Ibadan Standard Gauge train this November, the Minister of Transportation, Mr. Rotimi Amaechi, has said.

    Amaechi spoke on Monday, when he and the Minister of State for Transportation, Gbemi Saraki, led other stakeholders on tour of the project.

    He said the Federal Government would also begin a free trial train service between Lagos and Ibadan for commuters.

    ”Our ambition is that by November we should begin trial of train services between Lagos and Ibadan for free,” the minister said.

    He, however, admitted that the pace of the project had been slow, adding that there was the need for the contractor to increase the pace of the project.

    Amaechi said: ”They (contractor) need to increase their speed. They reduce their speed within the period that the government dissolved the last cabinet.

    “Now that we are back, my colleague, the minister of state, and I resolved to push back the pressure to ensure they stick to the completion timelines.”

    The minister disclosed that the double lane speed tracks had been laid up to kilometre 155, adding that where the project was recording challenge now was the completion of the stations, which according to him was impeded because the cabinet was not in place.

    “The tracks are no longer the problem, the problem now, is how to get them to finish the stations on time,” he said.

    Amaechi disclosed that the contractor, CCECC, had promised to complete all the minor stations in three months, but six months after, they had yet to do so.

    The minister added that he would continue to put pressure on the contractor to ensure that all the minor stations were completed in due course.

    “We know that by January next year, they are going to finish both the minor and major stations so that we can move on,” Amaechi said.

    Speaking on the Railway University and the manufacturing factory projects, Amaechi said while the Ministry of Transportation had secured a date for the factory’s ground breaking ceremony from the Vice President, it was waiting for the President to return to the country to give a date for the ground breaking ceremony for the university project.

    He also said the government was waiting on the Chinese government and the China EximBank for the loan for the Ibadan-Kano standard gauge line.

    The minister said the Federal Government was ready with its own counterpart funding, but would require the ChinaExim Bank to grant the facility for the project to begin.

    Saraki expressed happiness that the Ministry of Transportation was delivering on the vision of President Muhammadu Buhari to make the train the backbone of the nation’s economy.

    She said once the speed train fully come on stream, it would be able to unlock the huge potential of the sector to create jobs for teeming Nigerian youths.

    Saraki, who supervises the maritime sector of the transportation ministry, said she was determined to work with other stakeholders to unlock the potential and opportunities of the maritime sector.

  • Nigeria’s Inflation rate increases to 11.28 per cent in November – NBS

    Nigeria’s Inflation rate increases to 11.28 per cent in November – NBS

    The National Bureau of statistics (NBS), says the Consumer Price Index (CPI), which measured inflation increased to 11.28 per cent (year-on-year) in November from 11.26 per cent recorded in October.

    The NBS disclosed this in its “CPI and Inflation Report’’ for November released in Abuja on Friday.

    According to the bureau, the figure is 0.02 per cent points higher than the rate recorded in October.

    On a month-on-month basis, the NBS said the headline index increased by 0.80 per cent in the period under review by 0.06 per cent points from the rate recorded in October (0.74 per cent).

    It said the percentage change in the average composite CPI for the 12 months period ended November over the average of CPI for the previous 12 months period.

    It, however, measured the CPI at 12.41 per cent in the period under review, showing a 0.37 per cent decline from 12.78 per cent recorded in October.

    The bureau said that increases were recorded in all Classification of Individual Consumption by Purpose (COICOP) divisions that yielded the Headline index.

  • Black Friday and the Nigerian Entrepreneur

    Black Friday and the Nigerian Entrepreneur

    The earliest mention of the phrase Black Friday was used to describe the day after Thanksgiving in the United States in 1952, which is usually the Friday after the fourth Thursday in November — a day considered to be the beginning of the country’s Christmas shopping season.
    Black Friday was coined to describe the heavy and disruptive pedestrian and vehicle traffic that would occur on the day after Thanksgiving. Twenty years after its first mention, the phrase became more widespread and represented the point in the year when retails began to turn a profit, thus going from ‘being in the red’ (losses) to ‘being in the black’ (profits).
    In 2003, Black Friday was the busiest shopping day of the year and has retained that position every year till date. It has become a shopping day in the US for a number of reasons: as the first day after the major holiday before Christmas, it marks the unofficial beginning of the Christmas shopping season; some employers give their employees the day off as part of the Thanksgiving holiday weekend and, retailers in the country both big and small take advantage of the holiday by offering various sales incentives to attract traffic to their stores.
    Since the beginning of the 21st century, there have been attempts by retailers with origins in the US to introduce a retail Black Friday to other countries around the world.
    Adoption of Black Friday in Nigeria
    Prior to the debut of eCommerce platforms in Nigeria, Black Friday was relatively unknown. Jumia introduced Black Friday to Nigerians as a shopping festival in November 2013. Shortly after that, other ecommerce players created their own simulation such as the Yakata Sales, but unfortunately, this didn’t command as much buzz as the Black Friday shopping festival.
    Similar to what it stands for in developed countries, especially its country of origin — the US, Black Friday has been known in Nigeria to be a day that online retailers — and until recently, offline stores — dedicate to offering jaw-dropping discounts across all product categories in an attempt at attracting traffic to their platforms.
    It is interesting to note that media reports have shown that Black Friday seems to be the most productive & profit driven period for most eCommerce platforms and their vendors. It provides the opportunity to level up their sales target considering there’s usually an enormous influx of shoppers during this period.
    Little wonder, most of the vendors selling on eCommerce platforms always offer their products for sale at extremely low prices, in addition to offering free delivery and shipping for items above N10,000 in major cities such as Lagos, Abuja, Port Harcourt, Ibadan, and many more.
    Realizing that a day might not be sufficient to shop, and considering the fact that, unlike the US, Black Friday is not yet a public holiday in Nigeria, some eCommerce platforms have extended the shopping festival to cover a period of one month, usually starting mid-November through mid-December. Thus, providing shoppers with an extended period to shop for the Christmas season.
    Life Changing Moment for Nigerian Entrepreneurs
    The second biggest beneficiaries of the Black Friday shopping festival are the entrepreneurs who sell on various eCommerce platforms and in offline stores. Although, while there’s no accurate & reliable data to show the percentage of customers who still patronise brick & mortar shops in Nigeria, the continuous rise in the usage of smartphones to shop — thanks to internet penetration — in both urban & rural areas provide a hindsight on where most shoppers might find most convenient to shop for their everyday needs.
    To maximize the sales opportunities during this period, entrepreneurs selling on eCommerce platforms, must among other things:
    (1) offer the most competitive price for their wares. The eCommerce platform is a battlefield, only the seller with the best prices stands a chance to attract shoppers’ attention. This is one of the best time to grow the business on volume, even while selling — probably at half the price; the more the orders, the better for the business. Moreover, the products with the most competitive prices will,
    (a) likely be displayed on the first page of the eCommerce website,
    (b) likely be sent via newsletters to millions of customers signed up on the platform,
    (c) likely be included in paid online advertising, sponsored by the platform.
    (2) check the quality of your products. Customers who buy an inferior product oftener from your online store won’t return for a repeat purchase. Although, some eCommerce platforms encourage customers to return products they consider inferior or a far cry from what was ordered. Ensure you offer to sell only good quality products that will pass the QC test established by the eCommerce platform. This reduces to the barest minimum the risk of returns from unsatisfied or disgruntled customers, which if successful, translates to completed sales for you. It also absolves the risk of getting your store deactivated, which should be a stringent procedure for a serious eCommerce website.
    (3) ensure your delivery system is top-notch, especially if you do same day delivery. Or else, enlist the services of trusted delivery & logistics companies.
    (4) use the right product image and description. If your product only functions at night, add it in the description. Don’t lure customers into thinking they are buying a Ferrari when in reality, you’re selling them a Mercedes-Benz. Let the product image you upload on the website be the same as the product you’re going to deliver. Specify and update what colours you have in stock at all times. Say no to misleading & deceitful product descriptions.
    Best Time for Thrift Shopping
    Shoppers remain the biggest beneficiaries of Black Friday. Those looking to save money while shopping heavy will take advantage of the special deals and discount vouchers that will be available for shoppers during this period. What is that product you’ve been saving up for months or weeks to buy? Is it an electronic gadget? iPhone XS, XS Max or iPhone XR? Kitchen gadget? Groceries? This is the best time to fill your shopping carts with all the products you’ve always wanted, but couldn’t afford at once. You buy more and spend less.
    Typically, when navigating an eCommerce website don’t buy the first product that seems affordable to you. Compare the product price and quality with other sellers on the same platform. Look out for the sellers ratings and comments of previous buyers of similar products. Spend some time browsing through the website to find excellent deals. The goal is to spend less to get more.
    Black Friday in Remote Areas With No Internet Access
    Interestingly, urban dwellers are not the only beneficiaries of the eCommerce explosion. Most rural dwellers and those in the remotest areas — with or without the internet — also participate actively in shopping online, especially during Black Friday period when most items are sold at almost half the price, sometimes at 70 — 80% off.
    Black Friday will be upon us in the next couple of weeks. Everybody is excited: the entrepreneurs, the customers, the eCommerce platforms, and the Nigerian economy.
    As a reminder, for this year’s Black Friday shopping festival to be successful, here are a few pointer for eCommerce websites: ensure you provide customers with a wide assortment of genuine products at the best prices; beef up your logistics capacity to deliver orders on time; equip your customer service unit to handle complaints and returns in a timely manner.
    And here’s a reminder too for the customers: don’t spend that money now. Save the last for the best. Take advantage of the free shopping vouchers, participate in the various treasure hunts and keep your focus on social media to stay abreast of other opportunities to buy your favourite items for less.
     
    Olukayode Kolawole
     

  • Yuletide: Okorocha orders ‘Happiness Ministry’ to pay Nov, Dec workers’ salaries

    Governor Rochas Okorocha of Imo State has directed the immediate payment of November and December salaries of civil servants in the state.

    A statement issued on Wednesday by the state Commissioner for Information, Nnamdi Obiaraeri, said the motive was to ensure that all employees of the state government had seamless Christmas.”

    The statement read, “This is to announce that the Governor of Imo State, Rochas Okorocha, has approved the immediate payment of the November and December 2017 salaries of Imo workers.

    “This is to enable our esteemed Imo workers to celebrate seamless Christmas. Payments have duly commenced.

    “Any worker encountering any difficulties with the approved payments should not hesitate to contact the Ministry of Happiness and Purpose Fulfilment for immediate intervention.”

  • Nigerians paid less for petrol, kerosene, diesel in November – NBS

    Nigerians paid less for petrol, kerosene, diesel in November – NBS

    Latest statistics by the Nigerian Bureau of Statistics (NBS) has shown that the average price paid by consumers for petrol, diesel, and kerosene decreased month on month by 0.3 per cent, 1.3 per cent and 2.30 per cent respectively in November 2017.

    This was disclosed in three reports published on the bureau’s website on Sunday.

    Petrol decreased from N146 in October to N145.6 in November 2017, diesel decreased from N201.96 in October to N199.26 in November 2017, and kerosene decreased from N273.44 in October to N267.14 in November, the report explained.

    When compared to November 2016, the average price of petrol decreased by 0.75 per cent from the N146.7 recorded; the average price of diesel increased by 1.84 per cent from N195.67 and the average price of kerosene decreased by 5.56 percent from the N282.86 recorded.

    The report showed that Bayelsa, Akwa Ibom and Ebonyi states recorded the highest average prices of premium motor spirit (petrol) at N150.5, N 150.33 and N148.57 respectively.

    States with the lowest average prices of petrol were Plateau, Nasarawa and the Federal Capital Territory at N143.6, N144 and N144.08 rates respectively.

    For diesel, the states with the highest average prices of diesel were Kebbi, Taraba and Sokoto states at the rates of N219.37, N217.50, and N216.66 respectively while, Bayelsa, Delta and Nasarawa states recorded the lowest average price of diesel at N175.71, N182.91 and N183.75 respectively.

    Edo, Enugu, and Jigawa states recorded the highest average prices per litre of Kerosene in November at N300.88, N300.00, and N298.14 respectively, while Nasarawa, Zamfara and Kano states recorded the lowest average prices per litre of Kerosene for November at N216.66, N206.42 and N204.99, respectively.

    Also, the average price per gallon paid by consumers for kerosene increased by 11.95 per cent to N1,052.33 in November when compared to the N1,035.12 recorded in October 2017 and increased by 28.89 per cent when compared to the N816.46 recorded in November 2016.

    The states with the highest average price per gallon of kerosene were Edo at N1,203.52, Enugu at N1,200.00 and Jigawa at N1,192.56.

    The report added that Nasarawa, Osun and Oyo states recorded the lowest average prices per litre of kerosene at N866.64, N825.68, and N819.96 respectively.