Economy
MMM is Satanic, Has Link with Mark 666—Prophet Okafor
**Death in President’s Family in 2017
**God Will Use Tinubu to Restore Nigeria
By Dipo Olowookere
Senior Pastor of Mountain of Liberation and Miracle Ministry (aka) Liberation Ministry, Mr Chris Okafor, has warned Nigerians to stay away from the popular Ponzi scheme called MMM.
The cleric, in his 2017 predictions, described MMM as “satanic” and not from God, stressing further that it is a “design for mark 666.”
In his other predictions, Prophet Okafor urged Nigerians to pray for a former military president and minister against death.
He also said President Muhammadu Buhari is not the one to lead Nigeria to its Promised Land, but someone to prepare the way for the ‘Messiah.”
The man of God further said he saw “death in family of the President.”
He also said “God will use (Mr Bola) Tinubu to restore Nigeria but he must be prayerful against conspiracy against his life spiritually and physically.”
On the Anambra election, Prophet Okafor said Mr Ifeanyi Ubah will take over from Governor Willie Obiano after his second term in office, but “must pray against conspiracy.”
Below are summary of his predictions:
* Death Of Former Military Head Of State.
* Major fire disaster in homes and market places.
* Death in family of the president.
* Osinbajo will not be impeached but will likely not be Buhari’s running mate.
* The church will be seriously persecuted all over the world beyond what it is currently going through but will have upper hand.
* Another major party would be formed that will wrestle power from the present government.
*Buhari is not the Messiah but to prepare the way for the Messiah.
* MMM is not of God but a design for mark 666.
* Ifeanyi Ubah will take over from the present governor Obiano of Anambra state after his second (2nd) term but he must pray against conspiracy.
* God will use Tinubu to restore Nigeria but he must be prayerful against conspiracy against his life spiritually and physically.
* The football and entertainment industry should pray against death on some major faces.
*Death of present and former minister(s) to be averted through prayers.
* A former leader of PDP to die.
* A popular man behind the pulpit to die.
*A major leader in Africa to die (in the mode of a President.)
* The economic situation will improve in Nigeria through divine intervention.
* There will be a serious attempt to Islamise Nigeria but the Lord says it will not come to pass.
*Boko Haram is going to regroup and will become deadlier but they will be stopped.
*There will be major restoration to a lot of people that have given up and families will be liberated from their strong enemies.
*A former Governor of Akwa Ibom waving goodbye but will be averted through prayers.
*A major country in Europe should pray against the death of a powerful leader.
*Nigeria’s glory days in sports will return, especially in football.
*An opposition party will likely take over power in South Africa. There is going to be a lot of political crises.
*A lot of finance houses/banks and their directors will go through a lot of crises and humiliations.
*Major oil dealers will face a lot of persecution.
*I see a major monarch waving goodbye.
*We have to pray against the outbreak of major airborne disease.
*There will be a major shakeup in the military and the police.
*There would be great improvement and discoveries in the power sector.
By Adedapo Adesanya
The duo of Afriland Properties Plc and Geo-Fluids Plc crashed the NASD Over-the-Counter (OTC) Securities Exchange by a marginal 0.06 per cent on Wednesday, December 11 due to profit-taking activities.
The OTC securities exchange experienced a downfall at midweek despite UBN Property Plc posting a price appreciation of 17 Kobo to close at N1.96 per share, in contrast to Tuesday’s closing price of N1.79.
Business Post reports that Afriland Properties Plc slid by N1.14 to finish at N15.80 per unit versus the preceding day’s N16.94 per unit, and Geo-Fluids Plc declined by 1 Kobo to trade at N3.92 per share compared with the N3.93 it ended a day earlier.
At the close of transactions, the market capitalisation of the bourse, which measures the total value of securities on the platform, shrank by N650 million to finish at N1.055 trillion compared with the previous day’s N1.056 trillion and the NASD Unlisted Security Index (NSI) went down by 1.86 points to wrap the session at 3,012.50 points compared with 3,014.36 points recorded in the previous session.
The alternative stock market was busy yesterday as the volume of securities traded by investors soared by 146.9 per cent to 5.9 million units from 2.4 million units, as the value of shares transacted by the market participants jumped by 360.9 per cent to N22.5 million from N4.9 million, and the number of deals increased by 50 per cent to 21 deals from 14 deals.
When the bourse closed for the day, Geo-Fluids Plc remained the most active stock by volume (year-to-date) with 1.7 billion units valued at N3.9 billion, followed by Okitipupa Plc with 752.2 million units worth N7.8 billion, and Afriland Properties Plc 297.5 million units sold for N5.3 million.
Also, Aradel Holdings Plc, which is now listed on the Nigerian Exchange (NGX) Limited after its exit from NASD, remained the most active stock by value (year-to-date) with 108.7 million units sold for N89.2 billion, trailed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 297.5 million units worth N5.3 billion.
By Adedapo Adesanya
The euphoria around the recent appreciation of the Naira eased on Wednesday, December 11 after its value shrank against the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) by N5.23 or 0.3 per cent to N1,547.50/$1 from the N1,542.27/$1 it was valued on Tuesday.
It was observed that spectators’ activities may have triggered the weakening of the local currency in the official market at midweek as they tried to fight back and ensure the value of funds in foreign currencies strengthened.
The domestic currency was regaining its footing after the Central Bank of Nigeria (CBN) launched an Electronic Foreign Exchange Matching System (EFEMS) platform to tackle speculation and improve transparency in Nigeria’s FX market.
At midweek, the Nigerian currency depreciated against the Pound Sterling by N3.56 to close at N1,958.68/£1 compared with the preceding day’s N1,955.12/£1 and against the Euro, it slumped by 34 Kobo to trade at N1,612.66/€1, in contrast to the previous session’s N1,613.00/€1.
As for the black market segment, the Naira lost N45 against the American currency during the session to quote at N1,670/$1 compared with the N1,625/$1 it was traded a day earlier.
A look at the cryptocurrency market showed a recovery following profit-taking as the US Consumer Price Index report matched economist forecasts.
The news was enough to convince traders that the Federal Reserve is certain to trim its benchmark fed funds rate another 25 basis points at its meeting next week.
The move also saw Bitcoin (BTC), the most valued coin, return to the $100,000 mark as it added a 2.9 per cent gain and sold for $100,566.12.
The biggest gainer was Cardano (ADA), which jumped by 15.00 per cent to trade at $1.16, as Litecoin (LTC) appreciated by 10.4 per cent to sell for $121.76, and Ethereum (ETH) surged by 7.0 per cent to $3,929.30, while Dogecoin (DOGE) recorded a 6.7 per cent growth to finish at $0.4181.
Further, Binance Coin (BNB) went up by 5.2 per cent to $716.72, Solana (SOL) expanded by 4.6 per cent to $229.77, and Ripple (XRP) increased by 4.2 per cent to $2.43, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 apiece.
By Aduragbemi Omiyale
The Dangote Refinery located in the Lekki area of Lagos State has made its first export of premium motor spirit (PMS) just three months after it commenced the production of petrol.
In September 2024, the refinery produced its first petrol and began loading to the Nigerian National Petroleum Company (NNPC) on September 15.
However, due to some issues, the facility has not been able to flood the local market with its product, forcing it to look elsewhere.
In a landmark move for regional energy integration, Dangote Refinery has partnered with Neptune Oil to take its petrol to neighbouring Cameroon.
Neptune Oil is a leading energy company in Cameroon which provides reliable and sustainable energy solutions.
Dangote Refinery said this development showcases its ability to meet domestic needs and position itself as a key player in the regional energy market, adding that it represents a significant step forward in accessing high-quality and locally sourced petroleum products for Cameroon.
“This first export of PMS to Cameroon is a tangible demonstration of our vision for a united and energy-independent Africa.
“With this development, we are laying the foundation for a future where African resources are refined and exchanged within the continent for the benefit of our people,” the owner of Dangote Refinery, Mr Aliko Dangote, said.
His counterpart at Neptune Oil, Mr Antoine Ndzengue, said, “This partnership with Dangote Refinery marks a turning point for Cameroon.
“By becoming the first importer of petroleum products from this world-class refinery, we are bolstering our country’s energy security and supporting local economic development.
“This initial supply, executed without international intermediaries, reflects our commitment to serving our markets independently and efficiently.”
-
Feature/OPED5 years agoDavos was Different this year
-
Travel/Tourism8 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking6 years agoSort Codes of GTBank Branches in Nigeria
-
Economy2 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years agoFirst Bank Announces Planned Downtime
-
Sports2 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years agoHow To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN