Archive for nigeriang

Ivorian cocoa supply hit by poor quality

Ivorian cocoa supply hit by poor quality

Poor quality capped
the amount of cocoa reaching shipping docks in top grower Ivory Coast
last week, widening the year-on-year supply deficit to nearly 2
percent, exporters said on Monday. Some 6,000 tonnes reached the West
African nation’s two ports between July 19 and July 25, bringing
arrivals volumes since the start of the season in October to about
1,082,000 tonnes, the exporters said.

Heavy rains in Ivory Coast in recent weeks have caused cocoa trees
to sprout plenty of pods but have made it difficult for farmers to
properly dry out the ripe beans. Ivory Coast produces about a third of
the world’s cocoa, but output is on track to hit its lowest since at
least the 2004-05 season as plantations suffer years of under
investment in the wake of a civil war.

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Algeria cereal imports down 34 per cent

Algeria
cereal imports down 34 per
cent

The value of
Algeria’s cereal, semolina and flour imports declined 34.13 percent in
the first six months of this year, customs data showed on Monday,
reflecting the impact of last year’s strong domestic harvest.

The bill stood at $969 million, down from $1.47 billion in the
January-June period of last year, according to the data published by
the official APS news agency. It gave no figure on the import volumes.
Algeria’s domestic grain harvest reached a record 6.1 million tonnes in
2009, allowing it to reduce imports. Algeria’s overall food imports
were down 11 percent to $2.99 billion in the first quarter of this year
from $3.35 billion in the same period of 2009, the customs data
published on Monday showed.

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Combating cyber crime

Combating cyber crime

A U.S. based
Nigerian Forensic Consultant, Nathaniel Cole, says access to the use of
Information and Communication Technology (ICT) by security agencies
will help them in fighting cyber crimes. Mr Cole, who is also an
anti-money laundering specialist, said in an interview with the media,
on Monday in Abuja, that it was unfortunate that many police stations
in the country had no access to even computer.

“Police stations and police vehicles in other countries are equipped
with computers and we are supposed to be fighting the same type of
crimes,” he said. “Our law enforcement agencies need to be properly
equipped and their personnel trained in the use of ICT to fight crime.”
He also stressed the need for the National Assembly to make appropriate
laws that would help in fighting cyber crimes in the country. “Right
now, there is no definition of what cyber crime is in the country,” he
said. “There is a need to properly define what cyber crime is and how
to combat it.” Mr Cole also called for the enactment of evidence and
data protection laws, saying that it would help the security agencies
in the use of digital evidence in prosecuting suspected cyber
criminals.

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Stocks gain on asset bill

Stocks gain on asset bill

The
capital market has remained on a positive note with increase in
investors’ activities a week after the Asset Management Corporation of
Nigeria (AMCON) bill was signed into law.

At
the close of trading session on Monday, the two main parameters for
measuring market performance at the Nigerian Stock Exchange (NSE)
-market capitalisation and All-Share Index-inched up by 1.02 per cent
to close at N6.243 trillion and 25,527.44 basis points, from N6.179
trillion and 25,269.36 recorded last Friday. The NSE has recorded about
N186 billion gains since the recent rebound.

Analysts
at Proshare Nigeria Limited said the positive performance recorded so
far cut across all the sectors on the bourse, “but could be attributed
mainly to good performance recorded in the banking and some other blue
chips stocks.” They said as market outlook remains positive, the trend
in some sectors showed indications of profit taking by investors as
sell pressures seem to be gaining momentum. “This may be sending
signals that profit taking activities may be more prominent in the
coming days.”

Banking sector retains lead

The
banking sector led the market transaction volume on Monday with 255.402
million units valued at N2.182 billion exchanged in 3,611 deals.
Transactions in the shares of United Bank of Africa, Zenith Bank,
Platinum Bank, and First Bank Nigeria boosted the volume traded in the
sector.

The
total volume of 136.138 million units valued at N1.370 billion traded
in the shares of the four banks accounted for 53.30 per cent of the
entire sector volume and their value represented 62.79 per cent of the
sector’s value. The number of gainers at the close of trading session
closed at 35 compared with the 40 gainers recorded on the previous
trading day, while losers closed at 29 as against the 22 recorded in
the preceding trading day.

Upturn
remained dominant in the banking stocks as transactions in the sector
closed with 15 gainers to three losers compared with the 17 gainers to
two losers recorded last Friday. Analysts say investors’ interest in
the sector continues to grow stronger by the day. The upbeat trend
influence in the breweries sector remained relatively as the only price
change recorded was on the positive note, a reverse of the previous
day’s trend. Performance of stocks in the conglomerate sector at the
close of trading session reflected stronger sell pressures as
transactions closed in the sector with two losers compared with one
gainer to a loser recorded on Friday.

The
number of gainers in the Food/Beverages sector declined to one compared
with five gainers recorded on Friday while the number of losers closed
at one, a repeat of the previous day’s losers figures. Proshare
analysts say stocks in the sector also present “buy opportunities for
discerning investors.”

Market outlook

Commenting
on the economy outlook for the second-half of the year, Biodun Adedipe,
chief executive officer of Biodun Adedipe & Associates Limited, a
business consultancy firm, said, “A combination of the need for
continued stimulation of the economy and the political activities in
2010 towards general elections of 2011 will create liquidity surfeit.”
Mr. Adedipe, said the recent banking reforms, though necessary at the
time they were introduced “have not been well managed to achieve the
intended results.” He, however, said that the central bank, in the
second-half of the year, will want to be careful about liquidity
management and may not run a restrictive monetary policy.

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New BP boss should boost safety, asset sales

New BP boss
should boost safety, asset
sales

Bob Dudley, who is
expected to be named BP’s next CEO, must move quickly to restore the
oil giant’s battered image in its most important market, improve safety
and make BP a leaner company.

BP’s board met on
Monday to discuss a plan for Tony Hayward to step down as Chief
Executive following criticism of his handling of the Gulf of Mexico oil
spill, and be replaced by Dudley, who is heading the spill response
effort.

Investors hope
Dudley will help repair BP’s image in the U.S, which has been damaged
by a clumsy public relations strategy and a series of gaffes by
Hayward. “As an American he (Dudley) may well be more acceptable to the
U.S. political machine than the other alternatives for the role, which
could serve to better protect value in the U.S. for BP long term,” said
Jason Kenney, oil analyst at ING in Edinburgh.

The U.S. is home to
40 percent of BP’s assets and much of its growth but the public and
political anger over the oil spill has led to fears BP may no longer be
able to operate effectively in the U.S.

Dudley benefits
from experience of navigating fractious disputes, having led BP’s
Russian joint venture, TNK-BP, through a dispute between BP and its
oligarchs partners over control of the company.

He will also need to improve BP’s safety record to recover the respect of U.S. lawmakers.

This could require
a change to BP’s buccaneering approach, where division managers have
had greater freedom than their peers in other big oil companies and top
management has been willing to take greater commercial risks.

“A total change in
the culture of this company is necessary,” Democratic Representative Ed
Markey, chairman of the House Select Committee on Energy Independence
and Global Warming, said on CBS’s “The Early Show.”

Expensive mistakes

In the past five
years, BP has endured three of the industry’s most expensive and
reputationally damaging safety and environmental lapses.

An explosion of a
Texas refinery in 2005 killed 15 workers and cost the company billions,
while an oil spill in Alaska in 2006 led to millions of dollars of
fines and helped cement BP’s reputation in the U.S. as a reckless
operator.

Regulators blamed both incidents on cost-cutting under Hayward’s predecessor John Browne.

Investors, once
charmed by BP cost cutting, may now be more focused on a safer approach
too from the group that pumped more oil and gas than any other
non-state controlled oil concern last year.

“The company’s
strategy will need to be fundamentally changed in order to rebuild
future confidence in the company. Clearly, safety will need to become
the centrepiece,” said Dougie Youngson, oil analyst at Arbuthnot.

Investors and analysts also predict strategic changes.

As part of a peace
deal with the White House, which had been putting massive pressure on
the oil giant, BP agreed to establish a $20 billion fund to compensate
those affected by the spill.

It plans to sell $10 billion of none-core assets in the coming year to help finance that.

Last week the
company said it had agreed the sale of $7 billion of assets and invited
offers for another $1.7 billion worth of gas fields in Asia.

-REUTERS

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Here comes Audi Q7

Here comes Audi Q7

The 2010 Audi Q7
comes with sharp looks that could take your breath away. The car has
got everything a driver might desire. Is it speed, heavy built,
powerful stance, aggressive outlook, or plush interior? They all make
up the total package for the users to enjoy.

The 2010 Audi Q7
holds up every feature expected from a German-engineered large
crossover Sports Utility Vehicle. The latest Audi SUV is ideal for
family usage and holiday trips, just as its well crafted interior is
enough to make driving pleasurable and memorable.

Design

The Audi Q7 comes
in three model levels that match up with engine choices. They are the
3.6 premium with 3.6 litre gas V6 engine, TDI premium with V6 diesel
engine, and a 4.2 prestige model, which comes with 4.2 litre V8 engine.

The 3.6 premium
model steps on 18-inch wheels and comes with other features like xenon
headlights. Its interior packs multi-faceted features like dual-zone
automatic climate control, Bluetooth, Multi Media Interface (MMI) with
a display monitor and a premium audio system with a six-CD changer,
satellite radio, iPod integration, and an auxiliary audio jack.

The Q7 TDI steps on
higher wheels of 19 inches and has chrome trims on its exterior body.
The 4.2 prestige model comes with unique bumpers, grille, and body-side
mouldings. Its interior comes with four-zone climate control,
power-adjustable steering, and wood shift knob.

A higher luxurious
package can also be got with the TDI and 4.2 prestige model. It comes
with upgraded leather upholstery, 20- or 21-inch powerful wheels,
four-zone climate control, a 14-speaker Bang & Olufsen
surround-sound audio system, and adaptive cruise control.

The 2010 Audi Q7 is
ranked high with its interiors parts and details. The SUV comes as a
solid choice that seats seven passengers.

Engine Power

The 2010 Audi Q7 is
equipped with three varying engines of 3.6-litre V6 (280 horsepower and
266 lb-ft of torque), a 4.2-litre V8 (350 hp and 325 lb-ft) or a
3.0-litre turbodiesel V6 (225 hp and 406 lb-ft).

All models of the
SUV are integrated with a six-speed automatic transmission and manual
shift control. They come as all-wheel drive.

The V8 engine is
capable of covering a distance of 0-60 mph time in eight seconds, while
the V6 diesel engine covers same distance in 8.3 seconds, and 9.5
seconds for the V6.

Safety

The car possesses a
number of standard features like antilock brakes, traction control,
full-length side curtain airbags, and front-seat side airbags,
seat-mounted side airbags, stability control system, and active front
headrests. It also has a blind stop warning system that alerts drivers
if there is another car stationed beside it. It has back up camera that
enhances car parking.

Price

The car has an official price of $46,900 (about N7 million).

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Endangered languages

Endangered languages

The fate of our languages was brought into focus
recently during the second International Conference on the Extinction
of Igbo Language held in Owerri, Imo State. The Minister of Labour and
Productivity, Chukwuemeka Wogu, who represented President Goodluck
Jonathan, made a revelation that should not surprise anyone.

Quoting the United Nations Educational, Scientific
and Cultural Organisation (UNESCO), Mr. Wogu said that the Igbo
language might become extinct in the next fifty years.

The fact is that it is not only the Igbo language
that is under threat of extinction in the country. All our indigenous
languages are endangered species and there seem to be no visible
efforts to rescue them. A few years back Babatunde Fafunwa, a professor
of education and one-time minister of education conducted a controlled
research in Ife where some pupils were taught all subjects, including
the sciences, in Yoruba and the others in English. At the end of the
experiment both groups were examined and those taught in Yoruba
performed better than those who had their lessons in English. At the
end of the experiment Mr. Fafunwa campaigned for the adoption of
indigenous languages as medium of instruction in schools across the
country. His recommendation was implemented for a while, and then
abandoned.

The endangered status of our indigenous languages
has become more pronounced in the new world order, represented by
globalisation, and with the advent of the borderless Internet, which
has succeeded in giving English fresh dominance at the expense of our
local languages.

This is mistaken. In Japan children are taught all
subjects including the core sciences in Japanese and the country today
is a leader in the all facets of science and arts. Russia too has
demonstrated this in its arts and literature.

Its world renowned writers such as Leo Tolstoy,
Fyodor Dostoevsky and a host of others wrote in their native languages
and attained world fame based on the translations of their works.

In Africa, this debate has been ongoing and a
writer such as Ngugi wa’ Thiongo has since decided to write in his
native Gikuyu language and translate to English later.

In recent times some State Houses of Assembly have
resolved to conduct debates in local dialects as a way of encouraging
the revival of the local tongue. In Anambra State, Governor Peter Obi
has outlawed the treatment of Igbo as ‘vernacular’ in public schools,
while his Edo counterpart Adam Oshiomhole has advocated the teaching of
Edo language at both primary and secondary school levels.

We appreciate these gestures but the way to
achieve what they intend goes beyond tokenism. Structures must be put
in place to help achieve the aim. For example literature publishing in
local languages should receive government support.

The huge task ahead is however not for the
government alone; parents and teachers have important roles to play as
well. The idea of treating our local languages as inferior to English
or any other foreign language must be discouraged.

Language is bound up with our history and identity and our sense of
who we are as a people. Our local languages must not be allowed to
succumb to the ravaging flood of globalisation. We must not allow our
local languages to die and end up on the UNESCO’s listing of ‘dead’
languages. This can – and will – happen if we fail to speak our
languages, and to teach our children to speak and to write them.

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Untitled

Untitled

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Finding a way out of cybercrime

Finding a way out of cybercrime

Nigerian
Writer, Adaobi Tricia Nwaubani recently won the Commonwealth Book Prize
(Africa Region) for her book “I do Not Come To you By Chance” which is
a brilliant fictional account of the Nigeria cyber crime story. In the
book, Kingsley the main protagonist, a young man eager to help his
family, loses his idealism and joins his mothers infamous brother,
Boniface aka Cash Daddy in a successful and lucrative crime syndicate
that relieves unsuspecting but often greedy westerners of their hard
earned money from the safety of cyber cafes littered all over Nigerian
urban centers.

The story of cyber
crime in Nigeria is now so familiar to the point of cliché. The
perpetrators have been so aptly named “Yahoo Yahoo boys”, a term that
has now joined our lexicon along with such other words like “maga” and
“mugu” both of which describes victims of the activities of the yahoo
yahoo boys. However, in attempting a definition here so as to put this
discourse in proper context, I would refer to Cyber Crime as the use of
computers and or computer networks to commit crime. Computer assisted
crimes include but are not limited to e-mail scams, hacking, cyber
theft, credit card theft, impersonation, spread of hostile software and
cyber terrorism.

Worldwide, we enjoy
negative popularity as a criminally minded people with Robert Mallet,
former US deputy Secretary of Commerce for example complaining once
that the more aid the US was giving to Nigeria, the more they were
losing to Nigeria through cybercrime. He alleged that US citizens lose
approximately $2 billion a year to Nigerian fraud of all sorts.

Similarly,
according to the 2007 Internet Crime report of the Crime Complaint
Center (IC3), Nigeria ranks third among the cybercrime committing
countries in the world. In the US alone, Nigeria scam e-mails accounted
in 2007 for 1.1 percent of the top IC3 complaint categories received.

The enormity of
this problem has long been appraised. Several Nigerian administrations
have in the past taken steps towards checking the vice. In 2004 the
Federal Government established the Nigeria Cyber working Group (NCWG).
The Economic and Financial Crimes Commission (EFCC) has also been
working to monitor public cafes, stopping night browsing and tracking
suspected parcels procured fraudulently online.

As sincere as some
of these efforts have been, they have not been as successful as would
have been desired thus the need to develop more result oriented steps
to fight the crime. You cannot fight today’s crime with yesterday’s
technology. A successful fight against cybercrime requires not just
Information Technology Knowledge, but Information Technology
Intelligence on the part of the security agencies. They must be
equipped with the right skills, the know-how and the insight necessary
to rise to the challenge. In this regard, I advocate the development of
software that can monitor Internet usage in the country without
interfering with users’ right to privacy with the aim of tracking and
arresting fraudsters.

New and more
defined laws against cybercrime must be enacted to give bite to the
efforts of law enforcement agencies. These new laws must spell out
stiffer penalties and machinery for proper enforcement must be put in
place. One of such machinery is the dedication of a special court for
corruption cases in general. This will ensure speedy litigation and
punishment of fraudsters and would in a positive feedback mechanism act
as a deterrent to would be fraudsters.

Besides the laws
and their enforcement, there is the need for advocacy, public
enlightenment and national re-orientation. There has to be a conscious
effort both on the part of government and civil society to take the
fight against cybercrime into the consciousness of Nigerians, to
highlight its negativity and its consequences and to emphasise that
hard work remains the surest path to fame and fortune. There has to be
a return of civic education into our curriculum at the primary and post
primary levels with the aim of instilling in the young minds a sense of
responsibility towards their nation and the pride and dignity of honest
labour. On the other hand, private organisations should come up with
initiatives that exploit our rapidly expanding pop and music culture to
pass the same message.

An interesting
initiative in that regard comes to mind. In February 2010, we witnessed
the release of “Maga no need pay” a music video produced by a
collaboration of popular Nigerian artists amongst which were Cobhams,
Modele, Omawumi, MI, Rooftop MC’s, and Wordsmith. The video was to
support the Microsoft Internet Safety, Security and Privacy Initiative
for Nigeria (MISSPIN) aimed at fighting cybercrime among youths.

Finally, it is
important to note that cybercrime cannot be divorced from the
widespread corruption, harsh economic climate and ubiquitous poverty in
the land. To fight crime, you must attack the cause. Attacking the
cause in this context comes by the way of good governance, transparent
electoral processes and accountability in government all of which
translates into food on the table, more good jobs, better schools, a
fairer investment climate and ultimately a reduction in the tendency of
our citizens to want to go into cybercrime.

This piece is an excerpted version of the 1st runner up in the YGC/MISSPIN National Anti Cyber crime essay competition 2010.

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On being a cybernomad

On being a cybernomad

Inhabiting
cyberspace is something that should suit wanderlust. Cyberspace
provides a relatively free environment for one to migrate from one
location to the other. Cybernomadism, the habit of constantly migrating
from one location in cyberspace to another, seems very attractive for
many reasons.

With the collapse
of community in real life, or at least the serious threat to community,
online migration is already a kind of coping strategy. Human beings
must look for communities to replace those they have abandoned or
forfeited. So, first of all, one escapes online to see if one could
meet those with whom one could commune. But, of course, even when human
beings mutually hallucinate about their alternative cyber communities,
they have not quite abandoned their humanity. Even as fictional
characters, they come to those online communities with the same
tendencies that endangered their actual communities. In fact, conflicts
in online communities are intensified by the very fact that members of
such communities interpret and pursue their freedoms in ways that
frequently endanger interpersonal relationship and create instability
in community life.

Cyberspace,
especially the Internet, frequently creates new attractions,
introducing new environments with exciting features such as free email
services, blogs, storage locations, and so on. Free services have
always been ways of baiting the crowds and using their presence to
sell. Reduce or remove the free services and you find that the
migratory tendency in online life would be reduced. The fact that
YahooMail, for instance, is free means that one can have an intra-mail
service migration, creating several Yahoo accounts, or maintain several
email accounts with Yahoo,

Gmail, Fastmail,
Hotmail, AOL, Excite, etc along with official institutional email
accounts. As they say in Nigerian pidgin, “Who talk say free ting no
sweet?” As an experimental and evolving world, cyberspace is home for
many in search of adventure into ideas, practices, and applications of
self. Already, this attraction has become an addiction for many,
heightening their Netizenship (being a subject of the Net) in ways that
affect their domestic and professional responsibilities and
relationships tremendously.

The addiction to
online life seems to be based on the principle that says, “keep
moving.” When one tries to stop, one experiences the fear of having
missed something wonderful in that other online location. Part of the
desire is to be everywhere and nowhere. To stop permanently somewhere
is to be crippled. The pleasures of wanderlust are not complete in one
journey; never.

The problems that
some Netizens encounter in locations they have migrated to online also
make them to want to keep moving, for example finding yourself in an
email service that is frequently under virus attack, or that has no
effective way of checking spam mails, would naturally be frustrating
and you would want to pack and leave. How does one stay with an email
service that cannot prevent spam mail about Viagra and that invites one
to increase the size of one’s penis? Definitely, one would tell
oneself, “no, this is not the place to be,” or “this is not yet the
destination.” But email homesteading appears always to be temporary,
not only because there could be an online Katrina that could demolish
the home and erase all of one’s important mail, but also because one is
not quite sure that home is actually a particular location. One is not
quite sure that the symbol “@” in emailing has not completely turned
one into a rock or a stone statue, trapping one in ways that entail
predictability and controllability.

The cybernomad redefines home as a location that also moves, and such a location could be an idea or a culture.

What we therefore
call “home” becomes a mere stopping point, mere “bus stop” where one
has the opportunity of disembarking for few moments to stretch one’s
legs, buy or share some communication, and then continue the journey.

One could make a
stop at a listserv where there are many touts or pundits, or touting
pundits, and hang around to enjoy all the “garagara”. It would be some
fun to join in the “garagara” about how people have made ideas their
home, at least to understand that it is part of the excitement of
homesteading and that one could use each homesteading to redefine and
authorize one’s voice within a fictional heteroglossia.

Perhaps one will return someday to that location from which one
escaped. One playful contemporary Igbo proverb advises: “Onye mee n’afa
nna n’ihu, ya mekwaa ya n’azu, maka o maghi ma o bu n’azu ka Jeso
ga-esi bia ozo” (One who makes the sign of the cross in the front
should also do it at the back, for one is not sure whether Jesus will
come from behind next time). Abandoned homes do not abandon themselves;
they too keep moving to some newness. It is left for the cybernomad to
learn to return to the newness of the old abandoned homes.

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