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The Day Dream Edition of The Truth Pool Party was Lit! Maleek Berry, Dorcas Shola Fapson, L.A.X, YCee & More

By Unknown - Tuesday, January 03, 2017

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Next Generation Superstar! Shina Peller’s 11-Year Old Daughter Naomi is working hard to be a Singer

By Unknown - Tuesday, January 03, 2017

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Sugarboy – Dada Omo (Prod. DJ Coublon)

By Unknown - Tuesday, January 03, 2017

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DOWNLOAD MIXTAPE : TPops – Holiday From Reality

By Unknown - Tuesday, January 03, 2017

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:Yung L ft. Timaya – Pass The Aux

VIDEO:Yung L ft. Timaya – Pass The Aux

By Unknown - Tuesday, January 03, 2017

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NEWS

The Rise and Rise of Heritage Bank - By Kola Adebayo

By Unknown - Tuesday, January 03, 2017

A story began in 2012; a story of hardwork and determination when IEI Investments Ltd acquired Societe Generale Bank of Nigeria (SGBN) license from the Central Bank of Nigeria (CBN) after meeting all requirements by Nigeria’s apex bank. Heritage Bank Plc was born and began its operations in Nigeria as a regional bank on March 14, 2013.

As wit acquired the license and structure of the old Societe Generale Bank of Nigeria which was closed down by the CBN for failing to meet the new capital requirements of N25 billion or $155 million for a national bank in January 2006, Heritage Bank returned 100% of existing SGBN account holders' money which were frozen at the closure of the SGBN. This move brought a lot of smiles to the faces of former account holders and inspired many of them to open new accounts with Heritage Bank.

This was the beginning of a success story.

A year later after it began commercial operations, it became the center of the biggest event in the Nigerian banking sector in October 2014 after the Assets Management Corporation of Nigeria (AMCON) announced that Heritage Bank had emerged winner of the bid for the acquisition of the defunct Enterprise Bank. Heritage Bank had successfully met all the terms and conditions set by the CBN and AMCON towards owning 100% shares in Enterprise Bank.

Heritage Bank which entered the market just a year before was able to withstand the might of top established players like Access Bank, Fidelity Bank, Skye Bank, Diamond Bank and others to win the bid for the acquisition of Enterprise Bank which also saw it inherit over 160 branches, over 177 ATMS, 57 cash centres and 2000 POS terminals spread across major markets and commercial centres in the country. This move automatically transformed Heritage Bank from a regional bank to a national bank and raised the bank from a tier-2 player to a strong tier-1 player. Still, as big a move as it was, it remained just one of the many strategic moves to change the banking industry and Heritage Bank has made a lot of them since it began operations in 2013.

With a management focused on innovation and a unique philosophy to create, preserve and transfer wealth to its customers, Heritage Bank found itself in a fiercely competitive banking environment but it remained guided by passion, resilience, innovation and a brand architecture that exuded quality service, performance and sheer excellence.

Heritage Bank introduced a zero Cost of Transaction to its customers in April 2013, implying that there would be no hidden charges as it continued its quest for 100% customer satisfaction. Heritage Bank also set a standard when it launched its pilot 'Corner Shop' to cater to traders at the Gbagada Plank Market in Gbagada Estate, Lagos to ease banking. The 'Corner Shop' was widely received and appreciated by the Gbagada traders as it saved them the time and money to visit a bank branch kilometres away.

Heritage Bank was not done yet. The bank went further to prove its trend setting profile by introducing Nigeria's first pioneer potable POS solution named 'PortaPOS". The Heritage PortaPOS which is free to all Heritage Bank customers can accept all EMV chip and PIN cards, MasterCard, Verve and Visa cards. It is portable and light as a regular mobile phone and has a long lasting and rechargeable battery. It also syncs to phones and printers via Bluetooth technology!

Heritage Bank had clearly surpassed all expectations and continued to grow stronger every year. Heritage bank announced gross earnings of N24.2bn for the operating year of 2015 in an audited financial statement.

This represented the bank's first full operating year since the acquisition of former Enterprise Bank in October 2014. The financial statement showed that the bank recorded a profit before tax of N1.5bn, profit after tax of N1.1bn and net interest income of N12.2bn.

The bank also attracted N312bn as deposits from new and old customers during the year which further indicated the confidence of the bank's financial structure. The bank also stated that it supported businesses and individuals with loans and advances to the tune of N175bn achieving a total asset of N483.4bn for the year.

Pleased by the outcome of the 2015 financial statement the MD/Chief Executive of Heritage Bank, Mr. Ifie Sekibo stated that "The result is a testimony to the increased acceptability of Heritage Bank's products and services by the banking public. It is also a reward for the diligent commitment of staff and management to our mission to create, preserve and transfer wealth across generations."

Heritage Bank has found its feet quickly on the floor of the Nigerian Banking sector and recorded over 200% increase in the number of customers since 2013. It remains committed to its customers and continues to search for new heights to attain in the Nigerian banking sector. Heritage Bank is by far the fastest growing bank in Africa and can only continue to record new successes, whilst surpassing rivals. The story of Heritage Bank’s increasingly rising profile is a case study in corporate governance, leadership, vision and excellence.

In the midst of the bank’s audacity to dare and succeed, industry watchers have continued to ask; how are they doing it? The answers may not be far from the fact that this is one bank whose leadership team continues to exude the charisma of the Midas Touch. With Heritage Bank, Ifie Sekibo has proven over and over again that whatever he touches, turns into gold.

Adebayo, a public affairs analyst, writes from Lagos

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‘I am the most beautiful 52 year old woman in Nigeria’ – Kemi Olunloyo declares

By Unknown - Tuesday, January 03, 2017

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000 people free money until 2019

Finland just launched an experiment giving 2,000 people free money until 2019

By Unknown - Tuesday, January 03, 2017

Finland has an ambitious New Year’s resolution in mind: learn how offering free money for two years helps the unemployed get back to work.

Starting January 1, 2017 and lasting until 2019, the federal social security institution Kela will distribute roughly $590 each month to 2,000 jobless Finns.

Regardless of whether they find work during that period, the money will keep coming in at the beginning of each month — a trial version of basic income, one of the past year’s most popular theories of how to solve poverty.
Under universal basic income (UBI), people receive a standard amount of money just for being alive. By handing out the money to everyone, regardless of their income status, UBI advocates say the system prevents people from falling through the cracks.
Marjukka Turunen, head of Kela’s legal benefits unit, says the experiment in Finland should provide insights on two fronts.
The first is whether basic income could help clean up Finland’s messy system of social security. Depending on their specific needs, Turunen says residents could be on one of 40 different benefit systems. Each benefit — whether it’s for someone who’s sick, unemployed, a student, or so on— is calculated differently and must be changed when the person’s status changes.
“That’s really a burden for customers and Kela to do all those status changes,” Turunen tells Business Insider. A form of basic income could mean people just need to apply for one status indefinitely, no changes required.
The experiment will also provide clues about how people behave when they’re receiving free money. Skeptics say people will sit on their couch all day. Proponents claim they’ll actually use the money to make their lives better. (Limited evidence from developing countries suggests it’s more of the latter.)
Turunen suspects the experiment will compel at least a few wannabe entrepreneurs to make the leap into starting their own business — a risky proposition in Finland today since business owners who are forced to close shop don’t receive unemployment benefits. It’s not unlike the system in place in most US states.
“The system nowadays, it’s pretty negative for people who try to do something — even little — in their lives and get something out of it,” she says.
A basic income might turn a risky move into a much safer one.
Turunen doesn’t expect the trial to lead to larger basic income studies in Finland. The current experiment is tax-free, and in a small country like Finland the cost would be too great.
But other long-term experiments are picking up the slack. Basic income is part of government conversations in Canada, India, and the Netherlands. A pilot project run by the Silicon Valley firm Y Combinator is soon launching in Oakland, California, and the charity GiveDirectly has launched a massive 12-year study in Kenya.
Turunen, for her part, expects basic income to continue gaining in popularity if the data from those experiments keeps coming back positive.
“Some people might stay on their couches, and some might go to work,” she says. “We don’t know yet.”