Economy | Oby Oriji Blog



#fashion #fragrance : The #Kardashian Sisters debut yet another #Collab

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#Covid19 : #Nigeria finally resumes her #internationalflight

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After a five-month closure of the Nigerian airspace to scheduled international flights due to lockdown occasioned by the coronavirus pandemic, foreign travel resumed in the country on Saturday when an aircraft operated by Middle East Airlines touched down at the Murtala Muhammed International Airport, Lagos. . The plane which took off from Beirut, Lebanon, landed at the airport at exactly 02:27 pm, The PUNCH can confirm. . Two other airlines including Delta and British Airways are also expected to begin flight operations at the airport today. The Nnamdi Azikwe International Airport, Abuja, is also expected to reopen for international flights. . Earlier on Friday, an inspection team from the Lagos State Government visited the MMIA to ascertain its readiness to resume flight operations. . The team included Lagos State Deputy Governor, Obafemi Hamzat; the state Transportation Commissioner, Frederic Oladeinde; as well as the state Health Commissioner, Akin Abayomi, amongst others. . They were led round the various facilities in the airport by the Managing Director of the Federal Airports Authority of Nigeria, Capt Hamisu Yadudu and the airport manager, Victoria Shina-Aba, alongside other officials. . The FAAN boss had disclosed Friday that Middle East Airlines would operate the first flight into the country today. . The PUNCH had earlier reported that the Federal Government barred some airlines from operating into the country. . The country’s airspace and airports had been shut to flight operations in March to curb the spread of the lethal coronavirus disease which as of Saturday has killed over 1,000 people in Nigeria. . The FG subsequently approved the restart of domestic flights from July 8, adding that effective September 5, international flights would resume with the two airports. . The Minister of Aviation, Hadi Sirika, had said there would be sanctions for non-compliance with the guidelines on the part of the approved airlines and the passengers. — Follow us for breaking news and videos. — #internationalflights #reopening #nigeria #flights #punchnewspapers

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#Hunger in #Nigeria : #Youngman caught #stealing a pile of #sardine in a #supermarket


I’m of the opinion that more people will trade this path following the new pressure placed on Nigerians. This guy is desperately hungry and needs help. Survival instinct kicked in and her got negatively inspired to steal. This is a disturbing stage of event until Nigerians adjust to the new life of inflated prices of goods and services.

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#Inspirational : #TylerPerry declared a #billionaire by #forbes


Get your money black man. Don’t go jumping the process, respect the process and grow into the hustle. Congratulations to this tall hunk of an inspiration. What’s better than one billionaire? Two billionaires.

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Some Sunday nugget for my single folks….

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#PresidentBuhari finally signs the amended #Companies and Allied Matters Bill

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AFTER 30 YEARS, PRESIDENT BUHARI SIGNS AMENDED COMPANIES AND ALLIED MATTERS BILL President Muhammadu Buhari Friday in Abuja assented to the Companies and Allied Matters Bill, 2020 recently passed by the National Assembly. The President’s action on this important piece of legislation, therefore, repealed and replaced the extant Companies and Allied Matters Act, 1990, introducing after 30 years, several corporate legal innovations geared toward enhancing ease of doing business in the country. Such innovations include: a. Filing fee reductions and other reforms to make it easier and cheaper for small and medium-sized enterprises to register and reform their businesses in Nigeria; b. Allowing corporate promoters of companies to establish private companies with a single member or shareholder, and creating limited liability partnerships and limited partnerships to give investors and business people alternative forms of carrying out their business in an efficient and flexible way; c. Innovating processes and procedures to ease the operations of companies, such as introducing Statements of Compliance; replacing “authorised share capital” with minimum share capital to reduce costs of incorporating companies; and providing for electronic filing, electronic share transfers, e-meetings as well as remote general meetings for private companies in response to the disruptions to close contact physical meetings due to the COVID-19 pandemic; d. Requiring the disclosure of persons with significant control of companies in a register of beneficial owners to enhance corporate accountability and transparency; and e. Enhancing the minority shareholder protection and engagement; introducing enhanced business rescue reforms for insolvent companies; and permitting the merger of Incorporated Trustees for associations that share similar aims and objectives. Femi Adesina Special Adviser to the President (Media & Publicity) August 7, 2020 @buharisallau

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Just like #JayZ Comedian #Mikepps preaches #RealEstate to #BlackCelebrities

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Gov. #Sanwoolu Commissions O-care #Medical #facemask factory

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#Nigerians #Nostalgic and Worried as #ShopRite packs up to exit the #Country after 15 years


With the Covid19 lockdown, job losses and unknown source of income for many, more are still about to lose their jobs in Nigeria as the famous South African supermarket ShopRite are planning to exit the country after 15 years of its existence.

For the grocery retailer to make the rather certain decision to exit the Most populated Country of the Continent after 15 years of activities, then it most have suffered a significant issue.

According to Instablog9ja, the Cape-Town retailer has started a formal process to consider the potential sale of all or a majority stake in its supermarkets in Nigeria, it said in a trading statement for the 52 weeks to end in June released on Monday.

I’m the statement , ShopRite said the results for he year do not reflect any of their operations in Nigeria, as it will be classified as discontinued operation.

The supermarket contributed 11.6% to group sales, and reported 1.4% Decline in sales since 2018. South African operations contributed 78% of overall sales and saw 8.7% rise for the year. As a result of lockdown , customers visit declined 7.4% but the average basket spend increased by 18.4%

The issue now being that this retail supermarket for 15 years has given Nigerians some sort of hangout spots, Jobs, cheaper purchases and a sense of excitement and that is about to me taken away from them.

But they are hoping that the local one man supermarkets will take advantage of this exit to grow their own chain of supermarkets and promote the locally own goods, there by giving jobs. Nigerians are also hoping that the president and law makers will equally come up with a way to take advantage of this exit.

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Meet the Proudly #successful 57 year old #Male #Igbo #hairdresser


This will go well for those who understand Igbo language. He is surely an inspiration and I felt the need to promote this son of the soil. What stood out for me is that he said his children (males and females) who are all University graduates are now doing the same line of business and making a living out of it, owing to the fact that there are no jobs in Nigeria.

He also said that he believes that if ever there is something called reincarnation, he will return back to this line of job along side his love for music.

The entire family has gone from making a living out of this trade from Mother, father, and children, to making it so successful that they have had a high number of apprentices pass through them to become their own bosses. A business tradition best known amongst the Igbo nation of Nigeria.

What I got from this man right here that got me inspired, is that he is loves his handwork alot. He added that handwork will always surpass schooling and white collar jobs, because with handwork, you can do that Jon until the day you drop dead, whereas who collar jobs will always need to be employed before they can perform that line of duty.

I love it. Thank you to BBCnewsigbo for this inspirational documentary.

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#Food #Security : Gov. #Sanwoolu of #Lagos Visits the Avia-Igborosun #Organicfarm in Badagry

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Gov. #Sanwoolu shines #light on the on going #roadconstruction works in #Lagosstate

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#Moneymoves : Rihanna set to release her #Fentyskin after her sold out #shoeline designed by #Aminamuaddi

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. @fenty x @aminamuaddi

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the #BraidMeUp by @fenty and @aminamuaddi

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#Goya : With this photo #PresidentTrump officially becomes a #BrandAmbassador #influencer


We can now add yet another feather to the hat of the businessman, entertainer, entrepreneur, politician and a social media influencer.

The GOYA new brand posting up a photo of attractive products range of GOYA, let’s the picture speak it’s very owner thousand words without a single cation.

While it may not be clear if Instagram barred his captions, something they do to anyone who considered too active, we are not sure if the caption was left blank intentionally or forced. But which ever way we are sure the picture has fans and followers of trump right where he wants them

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#Tourism : Lagos State hands over #TheNationalTheatre to #CentralBank

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#PresidentBuhari signs the Revised 2020 #Budget into Law in #July

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39.4 million #Nigerians May be #Jobless before year end — FG


First of all, how many Nigerians are there ? How many Nigerians are you a Vice President to? what calculation was done to come up with that figure, and on what basis was it done? Is this number deflated or inflated to suit a person or persons?

Since 14 years ago 2006 census (considered unreliable) that the census of this country was carried out, no one has given any reliable number of Nigerians living in Nigeria. We don’t even know how many people have left, died or been given birth to in this Country since then. Everyone is using a guess work estimate and boldly coming to declare it publicly. A lot of Nigerians have, are still and will lose their jobs due to this Coronavirus, but who can tell the number?

I’m Definitely not going to take any statistics coming out from this Country no matter the sector releasing it.

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The Federal Government has raised the fear that except something urgent is done, about 39.4 million Nigerians may be jobless by the end of the year as a result of the impact of the COVID-19 pandemic. . It also expressed the fear that millions more may slide into extreme poverty before the pandemic ends. . Vice-President Yemi Osinbajo painted the gloomy picture on Thursday while presenting the report of the Economic Sustainability Committee to the President, Major General Muhammadu Buhari (retd.). . Buhari set up the committee on March 30, 2020 in response to what was then becoming a threat of the most severe economic downturn in the country’s history, largely caused by the pandemic. . Its terms of reference include to develop a clear economic sustainability plan in response to challenges posed by the COVID-19 pandemic and to propose monetary policy measures in support of the plan. . Presenting the report to Buhari, Osinbajo noted that the lockdowns and social distancing measures put in place to curb the spread of COVID-19 had had a severe negative impact on farms and factories as well as on trade, transport and tourism. . He said the federation might experience a shortfall of about N185bn monthly in the amount available for allocation to the three tiers of government. . The Vice President said, “Several projections, including those done by the NBS on behalf of the Economic Sustainability Committee, showed a severe downturn in our oil earnings, as a result of which, even with oil price at $30 a barrel, we would still have a shortfall of about N185bn every month in the amount available for allocation to the three tiers of government. . “They showed that unemployment may rise to 33.6 per cent or about 39.4 million people by the end of 2020, if we fail to take prompt preemptive measures. . “They showed that millions more will fall into extreme poverty before the pandemic ends; and that GDP may fall to between -4.40 per cent and -8.91 per cent, depending on the length of the lockdown period and strength of our economic response.” —- Follow us for breaking news and videos. — #osinbajo #jobs #nigerians #covid19 #punchnewspapers

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