CAC Praise Concert

Christ Apostolic Church (Oke Olorun branch) invites everyone to its annual praise concert. Taking place in its church auditorium at Ebute Metta, this service promises to be power filled and interesting. Instrumentalists at their best and worshippers alike... Please be there.

EFCC Is Wasting Time - Fayose

Governor Ayodele Fayose of Ekiti State, has said that the Economic and Financial Crimes Commission (EFCC) is only on wild goose chase in the State, noting that "the anti corruption commission has now shifted attention to the finances of Ekiti State after its failure to establish any link between him and fund from the Office of the National Security Adviser under Col Sambo Dasuki (Retd)."
He said the EFCC was now harassing banks in Ekiti, seeking for records of government finances and chasing contractors, claiming that the contractors gave him kickback.
"They are on vendetta mission.They said I collected money from Dasuki and I have told them that I did not collect a dime from Dasuki. I have N300 million in my fixed Deposit Account in Zenith Bank and I declared it in my Assets Declaration Form.
"I have challenged them to publish the statement made to the EFCC by Dasuki where he said he gave Senator Musiliu Obanikoro money to give me or where Obanikoro himself said he gave me money.
"Since they have seen that the Dasuki money issue won't offer them the implication of Fayose that they desperately needed, they are now harassing contractors in the State. But I can assure them that their efforts will come to nothing," the governor said.
While emphasizing that the EFCC do not have any power on State finances, the governor said; "As provided by Section 125 subsections (2), (5) and (6) of the 1999 Constitution of the Federal Republic of Nigeria, it is the House of Assembly of a State that is vested with powers to superintend over the funds of a State. Our Constitution did not place Ekiti State House of Assembly under the control of the Attorney-General of the Federation or the EFCC."
He said the All Progressives Congress (APC) was a party with history of debts in Ekiti State, disclosing that; "I left N10.4bn and N6.9bn was handed over to Segun Oni. Their own government handed over debts. They handed over debts in 2003 and did same in 2014."
He called for proper restructuring of the country in line with report of the 2014 National Conference.
"Nigeria has not been properly structured and that's why we are facing all these problems. Remember it was those in power now that clamoured for restructuring when they were in opposition. Now that they have the federal powers and they are using the powers to oppress the people, they are against restructuring of Nigeria."
The governor, who declared that he had no personal scores to settle with President Buhari, said; "I am not attacking Buhari, I am only telling him the truth. I was 24 year old when Buhari became military head of state, we queued then before we could purchase essential commodities, this is the same way things were difficult."
He reiterated his call to the federal government to declare emergency on agriculture, saying; "It is not enough to say people should go back to farming. The government must provide necessary farming equipment because you don't expect the present day farming to be done with hoes and cutlasses.
"Again, apart from the north, where do we have functional irrigation system? If our people must go back to farming, especially in the Southwest, we need the federal government assistance on irrigation."

Emzor Pharmaceutical Pleads To Government To Empower Drug Producers

Group Managing Director (GMD) of Emzor Pharmaceutical Industries Limited, Dr. Stella Okoli has recently called on government to empower local manufacturers in the country by availing funds to them as at when due.
Speaking in Lagos at the 30 years anniversary celebration of it’s flagship brand, Emzor Paracetamol, she said local manufacturers are the engine of growth in every economy and government needs to create an enabling environment for them to operate.
Okoli while unveiling the special anniversary park for the celebration noted that for Nigeria’s economy to recover from recession, local manufacturers should be empowered to meet the country’s commercial necessities as well as identify needs of other nations for export purposes.
She cited that manufacturing countries of the world do not go into recession because they meet needs of their people locally as well as export to other nations. “We must encourage our own local manufacturers to attain this,” she added.
“The current forex situation has made our suppliers think less of us as a country and that is not good enough,” Okoli remarked.
She advanced that for government to tackle the situation, a percentage of forex ought to be given to manufacturers, though with a close monitoring mechanism. Underlining the major challenge encountered by local pharmaceutical industries was Emzor’s National Sales Manager, Pharm. Folorunso Alaran who said, it is cost effective to import drug than produce them locally due to the country’s chaotic drug distribution system which is not the best.”
He explained, “people in the open market import drugs at cheaper and duty free rates, as compared to local manufacturers who import raw materials for production at high cost.”
Alaran pointed out that the situation has created an uneven playground for local producers who are rather the nation’s employers of labour.He however appealed to the government to look into the sourcing of pharmaceutical raw materials to boost production of more indigenous industries.
Reassuring Nigerians of an affordable wellbeing, which Emzor terms “Wellocracy” Alaran said, there are Emzor distributors’ associations in different markets who engage in strict surveillance to curb circulation of fake and substandard products in the system.
“One would hardly find fakes, and that is why the market is never dry of Emzor paracetamol,” he stated. Okoli said, Emzor in the past 30 years have produced over a 100 products and hopes to take care of all products needed for Nigerian illnesses in 20 years to come.
Emzor Pharmaceutical Industries Limited is a private indigenous pharmaceutical manufacturing group founded in 1984 by Dr. Stella Okoli. The company is into the manufacture of pharmaceutical products and medical consumables. Its holding company, Emzor Chemists Limited opened for retail business in 1977 in Lagos.

Naira Reduces Despite Market Change

Despite the interest rate hike by the Central Bank of Nigeria (CBN ) last Tuesday to try to lure foreign investors into boosting liquidity in the interbank market , the naira yesterday continued its reduction against the dollar , weakening to N 330. 12 to the greenback.
Traders said that $ 10 million was traded on the interbank market yesterday , attributing the local currency ’ s weakness to the fact that investors were pushing the currency lower to test the limit of how far it can fall , given a spread of almost 12 per cent between the official and parallel market naira rates . Reuters quoted a trader as saying, “ If we have more people trying to buy the naira then it should strengthen . I think we will keep seeing the trickles …
I don ’ t think we will see large inflows until the fundamentals of the economy improves . ” The CBN ’ s rate setting body , the Monetary Policy Committee ( MPC) at its meeting last Tuesday hiked the benchmark interest rate- the Monetary Policy rate (MPR )- by 200 basis points to 14 per cent .
Most local analysts , citing data showing that the economy is entering a recession , had predicted that MPC would leave the rate unchanged . However , the CBN Governor , Mr . Godwin Emefiele, who announced the decision of the MPC, said that in taking the decision to increase the MPR , members of the committee noted that the negative real interest rate was not helping the foreign exchange market , as foreign investors had remained lukewarm and were unwilling to bring in new capital . He said the decision to raise interest rate would in addition to curbing inflation , boost liquidity of the foreign exchange market and ensure its sustainability.
The CBN boss also said members were of the opinion that the liquidity of the foreign exchange market would boost manufacturing and industrial output, thereby stimulating the much needed growth.
Reacting to the rate hike , the Managing Director, Financial Derivatives Company (FDC ) Limited , Mr . Bismarck Rewane, said although the decision would lead to an increase in borrowing cost for the Small and Medium -scale Enterprises ( SMEs ) , it was a tactical move to attract the much -needed foreign capital into the economy . Similarly, analysts at Renaissance Capital , said the firm backed the decision, as it would help the CBN to solve the key problem of attracting dollars into the economy

The Power of Ideas with the Dunamis Youths

The Youths of Harvesting Faith Ministries (HFM) promises yet another enlightening, wonderful, educative, fun and interactive Dinner.

Tagged - "The Power of Ideas - The economic times"

With speacial guest of honour
"Antalaniyan"
 Deaconess Grace Ode and so much more

Date - 31st July, 2016

Venue - The Answer Santuary, Harvesting Faith Ministries Inc, Adeniji Adele Road, Phase II, Lagos Island, Lagos state.

Time - 4pm

Femi Kuti and Seun Kuti share the same stage

Sons of music legend, Fela share the same stage yesterday at NYC yesterday.
Photos of them toegther on stage..

WAYS TO KNOW IF YOUR GIRL STILL LOVES YOU

How to Know if Your Girlfriend Really Loves You
"O love is a crooked thing, there is nobody wise enough to find out all that is in it," wrote the poet William Butler Yeats. It can be hard to tell if someone is in love with you, even if you have been dating for awhile. But love can be expressed in many different ways, and recognizing the qualities of a long term commitment, as well as paying attention to your girlfriend’s words and actions, could help you determine if she loves you.

Method One of Three:

1. Recognizing the Signs of a Long Term Commitment
 Be aware of the difference between falling in love and staying in love.While there are many complicated feelings associated with falling in love with someone, it is usually a very passive and emotional experience. But staying in love can be incredibly difficult and requires a more active and involved approach to the relationship.
*.Think of “love” as a verb, or an action you have to continue to reinforce and support as you move forward in your relationship. Consider how your girlfriend actively contributes and cultivates her relationship with you, and if your relationship is just as good, if not better, than when you first fell in love.
*.Through action and words, your girlfriend can reinforce and commit to the relationship every day, even in small or seemingly insignificant ways.

2. Consider how you both deal with conflict in your relationship.Most couples with poor conflict resolution skills engage in Fight, Flight, or Freeze behaviors. So, they fight and stay mad, sometimes holding grudges or resentment for months or years. They take flight and avoid uncomfortable or difficult issues by sweeping them under the rug. Or, they freeze up emotionally and shut down, blocking out any attempts at communicating or discussing the issue.
*.Successful couples who are committed to the relationship for the long term will try to work on solving any problems and letting them go. They will focus on taking care of the issue, rather than attacking each other or freezing each other out.
*.In a healthy, loving relationship, both partners should be able to forgive and forget, as any lingering resentment that is not addressed and dealt with can lead to further drama or conflict down the line and will work against sustaining the relationship for the long term.

3. Think about if you both have similar priorities and life goals.This is an important step to committing on a practical level to being with your girlfriend and will be an important step for her commitment to you.
*.Opposites may attract, but they rarely make for a good long-term relationship, and compatibility in your tastes and preferences, as well as your values, priorities, and life goals, will help to create a deep and lasting connection between you and your girlfriend.

4. Ask your friends and family how they feel about your girlfriend.If the people closest to you are encouraging you to break up or get away from your girlfriend, this may be an indication the person is not for you.
*.Though it’s important to trust your own instincts and feelings, it’s usually a positive sign if your friends and family support your relationship with your girlfriend and think you have long term potential together.