Paradise News

Category: Business

  • UNIZIK students make mini bus from local materials (See photos)

    Wow, I think this is the most lucrative thing I’d ever seen by Nigerians students. It’s been working and we’re heading they; technology will soon be in our backyards. But, will the Nigerian administration support and promote this one or will it be snubbed as others?

    Seven final-year engineering students of Nnamdi Azikiwe University, Awka, Anambra State, designed and constructed a mini bus from scratch with locally sourced materials made specially to suit Nigeria’s topography and climatic condition.

    “The bus was constructed from start to finish at the University’s workshop, using all necessary design software and Computer-Aided Design (CAD) tools. We constructed the chassis, down to every single part of the mini bus,” said Callistus Ezeigwe, one of the seven. 

    The group, known as the Autozik Group, was made up of six males and a female including  Callistus Ezeigwe, Victor Obinani, Ifeanyi Ezeanolue, Ogbu Ikenna, Fidelis Ominigbo, Nnamdi Nwobodo and Chinaza Okoro, was supervised by the then Head of Mechanical Engineering Department, Dr. C.H. Achebe.

    “We made the mini bus using mere hand tools. This means we did all of the constructions and folding, with our hands, since the university could not provide us with ground equipment, as used in most automobile companies,” said Ezeugwu. 

    The mini bus which took about five months to complete, has a beautiful finishing so that people find it difficult to believe it was made in Nigeria.

  • You Might Be Able To Make Money From Your Facebook Posts – Facebook

    Facebook is reportedly considering a tip jar and other money-making features

    Facebook users might eventually be able to profit from their posts on the social network.

    The company is said to be considering adding tools that would let individual users earn money in a variety of ways, The Verge reports. Facebook recently sent some users a survey asking them to vote for a preferred method of making money. The questionnaire was spotted on a verified user’s page, but it’s unclear if the survey had only been sent to such members or if it had been distributed more broadly.

    Options included adding a virtual tip jar so that fans can tip the user, earning money through branded content, a donation option that would let fans contribute to a charity of the user’s choosing, and a call to action button (i.e. buy tickets, etc.), among other choices.

    “It’s still very early, but we’re committed to creating sustainable, long-term monetization models for our partners and we’re listening to feedback,” a Facebook spokesperson said in an email to TIME.

    Facebook doesn’t currently offer a means for individual users to earn money from posts on the platform, although it does allow users to send money to other members through Facebook Messenger. The company also added a new way for publishers to monetize Instant Articles by introducing the option to include video ads in such posts, which The Wall Street Journal first reported in March. Facebook also recentlychanged its policy around branded content to make it easier for publishers and verified users to work with sponsors, allowing for more monetization opportunities.

    The survey doesn’t indicate that Facebook has plans to roll out such features for individual users; it only suggests that the company might be considering it.
    ~Time.com

  • You Might Be Able To Make Money From Your Facebook Posts – Facebook

    Facebook is reportedly considering a tip jar and other money-making features

    Facebook users might eventually be able to profit from their posts on the social network.

    The company is said to be considering adding tools that would let individual users earn money in a variety of ways, The Verge reports. Facebook recently sent some users a survey asking them to vote for a preferred method of making money. The questionnaire was spotted on a verified user’s page, but it’s unclear if the survey had only been sent to such members or if it had been distributed more broadly.

    Options included adding a virtual tip jar so that fans can tip the user, earning money through branded content, a donation option that would let fans contribute to a charity of the user’s choosing, and a call to action button (i.e. buy tickets, etc.), among other choices.

    “It’s still very early, but we’re committed to creating sustainable, long-term monetization models for our partners and we’re listening to feedback,” a Facebook spokesperson said in an email to TIME.

    Facebook doesn’t currently offer a means for individual users to earn money from posts on the platform, although it does allow users to send money to other members through Facebook Messenger. The company also added a new way for publishers to monetize Instant Articles by introducing the option to include video ads in such posts, which The Wall Street Journal first reported in March. Facebook also recentlychanged its policy around branded content to make it easier for publishers and verified users to work with sponsors, allowing for more monetization opportunities.

    The survey doesn’t indicate that Facebook has plans to roll out such features for individual users; it only suggests that the company might be considering it.
    ~Time.com

  • Widow tells court she sells ‘black market’ to cater for her children

    One Blessing Eze, a 37-year-old widow has been sentenced to two months imprison by an Abuja Grade 1 Area court for hawking petrol (black market) along Abuja-Zuba expressway.

    The prosecutor, Babajide Olanipekun, told the court on Monday that a team of police officers attached to Kubwa Area Command Headquarters, led by ASP Zakari Adamu, on April 4, arrested and brought the accused to the police station, with 109 litres of fuel which they abandoned while trying to escape.

    “The accused hawked fuel in front of Conoil Petrol Station, along Dei-Dei-Kubwa expressway, even when they are aware that the practice has been prohibited within the FCT.

    “Such act constituted an embarrassment to the Federal Government of Nigeria and danger on the public highway,” the prosecutor added, noting that the offence contradicts section 199 of the Penal Code.

    The accused person pleaded guilty to the crime.

    The judge, Mohammed Marafa, however, gave the accused person the option to pay fine of N2, 000.

    According to Marafa, ‘the act constitutes threat to security, annoyed and endangered the lives of other members of the public.’

    Meanwhile, the accused person, a widow, told the court that she was forced into the business in order to take care of her children.

    She said, “My husband is dead and I am left with children to cater for. No money anywhere so I decided to use this means to survive.”

    ~DialyPost

  • Widow tells court she sells ‘black market’ to cater for her children

    One Blessing Eze, a 37-year-old widow has been sentenced to two months imprison by an Abuja Grade 1 Area court for hawking petrol (black market) along Abuja-Zuba expressway.

    The prosecutor, Babajide Olanipekun, told the court on Monday that a team of police officers attached to Kubwa Area Command Headquarters, led by ASP Zakari Adamu, on April 4, arrested and brought the accused to the police station, with 109 litres of fuel which they abandoned while trying to escape.

    “The accused hawked fuel in front of Conoil Petrol Station, along Dei-Dei-Kubwa expressway, even when they are aware that the practice has been prohibited within the FCT.

    “Such act constituted an embarrassment to the Federal Government of Nigeria and danger on the public highway,” the prosecutor added, noting that the offence contradicts section 199 of the Penal Code.

    The accused person pleaded guilty to the crime.

    The judge, Mohammed Marafa, however, gave the accused person the option to pay fine of N2, 000.

    According to Marafa, ‘the act constitutes threat to security, annoyed and endangered the lives of other members of the public.’

    Meanwhile, the accused person, a widow, told the court that she was forced into the business in order to take care of her children.

    She said, “My husband is dead and I am left with children to cater for. No money anywhere so I decided to use this means to survive.”

    ~DialyPost

  • See How Women Are Hawking Fuel In Abuja As Petroleum Prices Still Growing High (Photos)

    It’s not the first time we see women hawking petrol(fuel)  in the nation’s capital. But the fact still remains why is the rate growing everyday and why the fuel pump price is not falling down.

    The hike in Petroleum products prices has been affecting the economic market as prices of goods and services are not in a hurry to drop. This In turn encourages women to go into the business amidst dangers that follows on.

    One of the women told Calabar Reporters that, this is the fastest growing business in the country and that the profit supercedes the danger. She added that it takes gut to cue to buy fuel especially for women, but they have to fight as they have families to feed.

    See photos after the cut….

  • See How Women Are Hawking Fuel In Abuja As Petroleum Prices Still Growing High (Photos)

    It’s not the first time we see women hawking petrol(fuel)  in the nation’s capital. But the fact still remains why is the rate growing everyday and why the fuel pump price is not falling down.

    The hike in Petroleum products prices has been affecting the economic market as prices of goods and services are not in a hurry to drop. This In turn encourages women to go into the business amidst dangers that follows on.

    One of the women told Calabar Reporters that, this is the fastest growing business in the country and that the profit supercedes the danger. She added that it takes gut to cue to buy fuel especially for women, but they have to fight as they have families to feed.

    See photos after the cut….

  • Banking services to begin in rural areas – NIPOST

    The Nigerian Postal Services (NIPOST) will soon introduce banking services to rural areas of Nigeria, Minister of Communications, Adebayo Shittu, has said.

    Shittu told the News Agency of Nigeria (NAN) on Sunday in Abuja, that the banking services would avail Nigerians in rural areas the opportunity to carry out banking transactions.

    He said that the Ministry of Communication was making effort to re-position NIPOST to make it vibrant and to diversify its services.

    He said that since the commencement of GSM operations in the country, NIPOST had witnessed drop in sales particularly for postage stamp and other services.

    The minister told NAN that in its efforts to reposition NIPOST, the ministry had identified some major areas that could be included in the mandate of the service.

    He listed some of them to include internet services in all NIPOST locations, introduction of rural banking, property development and e-commerce.

    “ We are also looking at consolidating the capacity of NIPOST to engage in property development; you will recall that in most communities NIPOST usually has more land than needed.
    “So we are seeking private-partnership arrangement with private sector developers to construct and rent out office blocks, malls and even high class residential houses to enable us generate revenue,’’ he said.

    Shittu said the ministry was also looking at the possibility of using NIPOST to facilitate e-commerce.

    He said that the ministry had finalised arrangement to appoint a new Post-Master General, who is expected to kick start the reforms in NIPOST.

    “We have gone through the processes of interview test and new post-master General will soon emerge.

    “Once he emerges, the reforms will take off, ‘’ the minister said. (NAN)

  • LCCI – Petroleum sector overregulated by FG

    The petroleum industry has been stated as flawed and over-regulated in its operation by the Lagos Chamber of Commerce Industry, Vanguardreported.

    The LCCI expressed that the industry lacks clarity which in turn hampers growth and job creation.

    The Department of Petroleum Resources has been criticised by the LCCI as they do not address fundamental issues.

    Director General of the LCCI, Muda Yusuf, stated in a statement “the current model of managing the downstream petroleum sector is not sustainable.”

    Yusuf further stated that there are deeper problems when it comes to petroleum products supply chain.

    For more on this story visit Vanguard

  • Foreign airlines to sack 2,000 Nigerian workers

    The National Union of Air Transport Employees has alleged that foreign airlines plan to sack about 2,000 Nigerian workers.

    NUATE said the airlines premised this on their inability to transfer their earnings to their respective home countries to meet operational costs because of the new Central Bank of Nigeria policy on forex and fund transfer.

    In a letter addressed to the Minister of State for Aviation, Senator Hadi Sirika, the Acting General Secretary of NUATE, Comrade Olayinka Abioye, said the news has jolted workers.

    “The reason being adduced for this danger is that their earnings in the past year is under lock with the Central Bank of Nigeria, CBN, as they are unable to transfer these earnings to their respective home countries to meet operational costs in accordance with international rules,” the letter read in part.

    Calling on federal government to act fast, Abioye said “following concerns raised recently by leaders of these workers and other stakeholders and in appreciation of the good intent of the government’s fiscal policy, we humbly make this clarion call for your (Minister) intervention to grant foreign airlines concession to repatriate their proceeds to their home countries.

    “We hasten to place on the front burner an emerging threat confronting over 2,000 private sector aviation workers in Nigeria which, requires your intervention to forestall imminent loss of jobs of these number of workers.”
    -DialyPost