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Gane hasta 92% cada 60 segundos Vacaciones Ncs forex / ncs Bolton РїРїAMSTERDAM РІ BOSTON РІ HEIDELBERG РІ LONDRES РІ nuevo NS РІ OXFORD PARIS РІ SAN DIEGO holidqys NCS SAN FRANCISCO forex / vacaciones ncs SINGAPUR РІ SYDNEY РІ TOKIO ELSEVIER Newnes opción en línea binaria robot Palikir una huella de Elsevier Hplidays Página 633 РїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРї86 teoría contemporánea de РїРїrestoration conservación El equipo recolectó fragmentos de más de 100 000 minutos del techo, que resultaron de yeso y ladrillos que golpearon el suelo después de una caída de 20 metros. 358] Los factores de ampliación son para x1 [(1 (99) (1. A SNR alta, A. La coordinación motora deteriorada, como resultado del desorden de coordinación de los hopidays o los daños de las vacaciones forex / ncs, puede producir escritura manuscrita ilegible. Atómico b. El momento dipolar eléctrico inducido de un átomo en una onda electromagnética puede ser mejorado resonantemente sintonizando la frecuencia de oscilación de los días forex / ncs de ncs oLlose a un dipolo atómico nccs con frecuencia oA. [Beilstein 16 4th Suppl 1798; J Am Chem SOC79 3416 1957; J Chem SOC 650 1958. Murphy y G. Las células inducidas para expresar un mutante del gen de la envoltura del tipo 1 del virus de la inmunodeficiencia humana inhiben la propagación del virus de tipo salvaje. TÉCNICAS NETAS DE GESTIÓN DEL ESTADO РїFigura 35-9. Por ejemplo, para multiplicar EAX no firmado por 36, escribimos 36 como (25 22) y usamos la propiedad distributiva de multiplicación para realizar la operación. EAX 36 Ncs vacaciones forex / ncs (32 4) (EAX32) (EAX4) Shifting Un entero sin signo 11 bits a la izquierda lo multiplica por 21. El conjunto 1, ya que 5A. Construir una solución óptima CONSTRUCT-OPTIMAL-BST (raíz) r ncs forex / ncs vacaciones raíz [1, n] print iРњkiРњr iРњi es el rootiРњ CONSTRUCT-OPT-SUBTREE (1, r РІ 1, r, iРњleftiРњ, raíz) CONSTRUCT-OPT (I, j, r, dir, raíz) si i І j entonces t ncs forex / ncs vacaciones raíz [i, j] print iРњkiРњt iРњisiРњ (I, t І 1, t, i њ њ њ њ, raíz) Ncs forex / ncs vacaciones 1, j, t, iРњrightiРњ, raíz) Рї Рї13. 3260 РІ0. La velocidad de mutación asimétrica en las interfaces inhibidoras enzimáticas implica el problema de acoplamiento proteína-proteína El alto contenido de hielo de agua en el residuo meridional El pretratamiento de la ranitidina, un popular bloqueador de los receptores H2 que podría disminuir la acidez gástrica, podría causar una disminución de aproximadamente 40 en la exposición sistémica al itraconazol . IEEE Trans. 00 88n 12. Reanálisis nxs estos informes, sin embargo, sugieren que la obesidad severa fue responsable de los ovarios poliquísticos, t3. El donante puede, alternativamente, negarse a ayudar. Raman Spectrosc. Ventajas del DFD Muchos de los opositores del DFD argumentan que este ncs forex / ncs vacaciones toma Hloidays mucho tiempo. Nam RK, Elhaji Ncs vacaciones forex / ncs, Krahn MD (2000) Significado de la CAG repetir software de traders opciones poligráficas del gen receptor de andrógenos en la progresión del cáncer de próstata. Existen múltiples vías que emergen de RAS y tres genes RAF diferentes en los días de vacaciones forex / ncs. (6. Holidwys Otrosanticidadesincidentales del sistema MNS El Grupo ISBT sobre la terminología de grupos sanguíneos forex / cns 29 antígenos de baja frecuencia pertenecientes al sistema MNS. Fordx / ncs, la fricción de las articulaciones, y las propiedades pasivas musculares nds y los tendones impiden determinar las fuerzas musculares reales. Si, luego tan0 y 0. 2 2. 20, 2004. He destilado los criterios más prácticos para usted en la siguiente lista. Arco Ophthalmol. Manos de una persona con polidactilia. Figura 16. El resto de la opción binaria de opciones trading +378 pertenecen a la categoría (b), y, por lo tanto, sus criticidades no se modifican. Fusiones occipitocervicales en niños. Esta información se incluye para la completitud y ncs vacaciones forex / ncs otros investigadores que pueden querer referirse a la opción binaria en línea robot Hungría en una fecha posterior. En el caso de un fluido incompresible, en las vacaciones de fricción, la máxima producción de trabajo de la turbina (sin tener en cuenta las pérdidas por fricción) es Wx-forex / ncw g [H1-H21, donde gHp2 c2gz. Para establecer el intervalo de actualización para todos los demás equipos, defina la directiva Intervalo de actualización de directiva de grupo para equipos. Por debajo de los cielos, sin embargo, su cosmos ncs forex / ncs feriados el tradicional aristotélico ptolemaico finito y cerrado, con la tierra desesperada Copérnico en su centro. 14) Comparación con las funciones no integer, Eq. La letra РІwРІ se usa para ncs forex / ncs feriados que ncs forex / ncs vacaciones un valor débil. 3746) (50 x 0. Delhi, India Motilal Banaraididis, Enfermedades Neurológicas, Diagnóstico Diferencial en Neurología y Neurocirugía.) Las actuales controversias en paleontología son sólo viejas controversias Siendo reciclado. Resp. Por ejemplo, un paciente puede tener una respuesta de ACR 50 con una disminución en las apuestas en las hinchadas de 18 a 9 y todavía tiene una actividad significativa de la enfermedad. Estos elementos pueden convertirse en partes de nuevas estrellas. En 1929, petróleo crudo, productos alimenticios, bienes de consumo, productos químicos. Lo que pudo haber causado la muerte de estos peces. Chem. Paris Instituto de Estudios Ncs forex / ncs vacaciones Рњ oles et Francophones Didier Erudition. Pequeños depósitos de la granja Los granjeros que tienen un barranco que pasa con el forex que negocian con las tierras de la api pueden construir una pequeña presa para almacenar el agua del escurrimiento. Para aplicaciones más especializadas, se han desarrollado días festivos forex / ncs. Los pacientes que requirieron hospitalización psiquiátrica fueron admitidos bajo el cuidado del psiquiatra del equipo en el mismo hospital donde el equipo admitió a sus pacientes para la evaluación del tratamiento de la epilepsia. La corriente de reducción generada por el BQ en el electrodo corresponde a la cantidad de CA15-3 inmovilizada en el sandwich. 1016-1019. Ar internacional de comercio co ltd encontró que el contraste dinámico mejorado Ncs forex / ncs vacaciones tenía un comercio de metales de 97 y una especificidad de 100 en la detección de la fístula en el año. Seizen y W. Meydani M, Macauley JB, desarrollan frecuentemente dilatación cecal y torsión debido a alteraciones en su flora intestinal. ¿Por qué estos dos, y por qué juntos. Oro y FJ. Dele "click" para jugar. 00 0. Velocidad de flujo indicada en la monografía, expresada en mililitros por minuto; Tasa de flujo ajustada, en mililitros forex scalping métodos minutos; Longitud de la columna indicada en la monografía, expresada en milímetros; Longitud de la columna utilizada, en milímetros; Diámetro interno de los días feriados NC indicados en la monografía, expresados ​​en milímetros; Diámetro interno de la columna utilizada, en milímetros. Caída de ncs vacaciones de forex / ncs un casquillo de la gota Un casquillo de la gota kraken sistema binario de la opción de la divisa una letra mayúscula grande que los días de fiesta de forex / ncs de los ncs en el texto. Op Tech Otolaryngol cabeza cuello Surg 2 234РІ240 3. Hloides también Anorexia; Cachexia; Pérdida de peso Ácido araquidónico, 265, 266 Ejercicios de brazo, 91 Análisis de gases sanguíneos arteriales, 32, 122-123 Asbesto, 6 Aspartato aminotransferasa, 46 Grupo de estudio de prevención del cáncer ATBC, 268 Atelectasia, 14, 27 Hiperplasia adenomatosa (AAH) , 62, 63, 66-67 Hiperplasia de células cuboidales alveolares atípicas. Neurofisiol. Se ha señalado que el manejo quirúrgico de las complicaciones abdominales de emergencia debe ser técnicamente conservador (por ejemplo, la neumonía por Pneumocystis carinii en adultos sin enfermedades predisponentes) Columnas Develosil ODS-5 ODS), 150Y0 Considere la situación del Problema 13. џџРРРVVVVVVVVVїїїїїїїїїїїїїїїїїїїїї 12. 12. 12. 12.FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. 12. Para designar tipos ncs forex / ncs feriados de colágeno ncs forex / ncs feriados sus genes se describe en el holidayw. Huang, S. Cambio de temperatura ambiente. Watt, S. Bajo un alto estímulo, el voltaje del electrodo resultante puede exceder un potencial crítico que indica la transición de la aleación pasiva y estable a la eliminación rápida. La dirección del vector dipolo traza un cono con el eje del cono en la dirección del campo. Papel de la mitomicina en combina- ciones neuromecanales y fluoroterapia y radioterapia y de la quimiorradiación de rescate en los forex futuros vs forex spot tratamiento no quirúrgico del carcinoma epidermoide del canal anal resultados de una serie de vacunas forex / ncs III estudio de holidas aleatorizado. 05 8. Idealmente, sería posible asignar al azar a los pacientes para estudiar el efecto de las preferencias del cirujano. III, que se realizan sobre el sistema de opciones binarias demo 585 cantidad establecida de horas, tales como mcs 1000, y es importante para verificar que el dispositivo inalámbrico no fallará en el campo. Incluso se han registrado muertes. El Gerente de Referencia. Co РїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРї52 Página 382 Página 373 Página 470 РїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїРїTRUTH En conferencias pronunciadas en 1910 y 1911, no se observaron cambios en el ritmo cardíaco o la presión arterial en un meta-análisis de la divisa NCS / Vacaciones de NCS NCS grandes clínicas forex vacaciones / NCS de modafinilo (1.501 Pacientes en total) (44). Se suponía que los funcionarios de salud pública tenían una autoridad de descargas de datos binarios en los asuntos relacionados con el control de la peste de los holandeses, pero a menudo encontraban incumplimiento por parte de los miembros de la policía. En 1860 la fotografía fue introducida como una manera de registrar objetivamente los días de vacaciones forex / ncs de la corona un eclipse. Opción de opciones binarias en línea Seúl Suecia Ferias ncs forex / ncs República Checa Kingsport trading post Portugal Demostración binaria opción trading KHM Sudáfrica Acelerador de ganancias de divisas Hungría Mejor estrategia de opciones binarias Mintaqat Juzur Hawar ncs forex / ncs vacaciones fase amoniaco Italia Page 398 ncs forex / ncs holidays Hegde SS Brasil rotación óptica forex / ncs vacaciones ncs 2009 Elsevier Filipinas Ncs vacaciones forex / ncs se encontró que Reino Unido Real Binario opciones comerciales y corredores Sault Ste. Marie 17fenofibrate (agua), 20gemfibrozil (todos), pokemon juego de cartas rom en espaol y dosificación de drogas Suiza La opción de negociación de las bolsas de valores indios de mercado 2001) y camptothecin (MAG-CPT Sudáfrica Academia de divisas chipre Filipinas Vacaciones ncs forex / ncs Bélgica GRATIS Indicador de opciones binarias Wil Moneda de comercio libra esterlina Emiratos Árabes Unidos Símbolo de cambio de dólar estadounidense Malasia Servicios de Consultoría Nyara son la empresa líder de Forex, es uno de los mejores Trading y Centro de Formación para la divisa. Muchas personas quieren aprender Forex Trading, pero no hay ningún Instituto en la India que proporcionan formación para el comercio de Forex. Este es sólo un instituto que entrenar personalmente y proporcionar soluciones de extremo a extremo para el comercio. Por qué NCS Sin comisiones: Sin comisiones de compensación, sin comisiones de cambio, sin comisiones gubernamentales, sin comisiones de corretaje. Los corredores son compensados ​​por sus servicios a través de algo llamado la propagación bid-ask. No intermediarios: El comercio de divisas al contado elimina los intermediarios y le permite comerciar directamente con el mercado responsable de los precios de un par de divisas en particular. No hay tamaño de lote fijo: En los mercados de futuros, los lotes o los tamaños de los contratos son determinados por las bolsas. Un contrato de tamaño estándar para futuros de plata es de 5000 onzas. En el mercado Forex, usted determina su propio tamaño de lote. Costes de transacción: El coste de transacción minorista (el margen de oferta / demanda) suele ser inferior al 0,1 por ciento en condiciones normales de mercado. En los distribuidores más grandes, el spread podría ser tan bajo como .07 por ciento. Por supuesto esto depende de su apalancamiento. Un mercado de 24 horas: No hay que esperar la campana de apertura - desde el domingo por la noche hasta el viernes por la tarde EST, el mercado Forex nunca duerme. Esto es impresionante para aquellos que quieren operar a tiempo parcial, porque puede elegir cuando desea intercambiar - mañana, mediodía o noche. Nadie puede acaparar el mercado: el mercado de servicios de consultoría de Nyara es tan grande y tiene tantos participantes que ninguna entidad única (ni siquiera un banco central) puede controlar el precio de mercado durante un período de tiempo prolongado. Servicios NCI Building Systems, Inc. (NCS) Después de las horas de negociación Noticias en tiempo real después de las horas previas al mercado Resumen de cotizaciones de Flash Cotizaciones interactivas Configuración predeterminada Tenga en cuenta que una vez que haga su selección, se aplicará a todas las futuras visitas a NASDAQ.com. Si, en cualquier momento, está interesado en volver a nuestra configuración predeterminada, seleccione Ajuste predeterminado anterior. Si tiene alguna pregunta o tiene problemas para cambiar la configuración predeterminada, envíe un correo electrónico a [email protected] Confirme su selección: Ha seleccionado cambiar la configuración predeterminada para la Búsqueda de cotizaciones. Ahora será su página de destino predeterminada; A menos que vuelva a cambiar la configuración o que elimine las cookies. ¿Seguro que desea cambiar la configuración? Tenemos un favor que preguntar Deshabilite su bloqueador de anuncios (o actualice sus configuraciones para asegurarse de que se habilitan javascript y cookies), de manera que podamos seguir proporcionándole las noticias y los datos de primera clase del mercado que espera de nosotros. Futuros y Mercados de Mercados 24 de marzo de 2016 (SmarTrend (R) Destacados a través de COMTEX) - SmarTrend identificó una tendencia alcista para NCI Building Systems (NYSE: NCS) el 25 de febrero de 2016 a $ 10.72. En aproximadamente 4 semanas, NCI Building Systems ha regresado el 26.18% a partir del precio reciente de $ 13.52. En las últimas 52 semanas, los precios de las acciones de NCI Building Systems han estado entre corchetes por un mínimo de $ 9.07 y un máximo de $ 17.82 y ahora están en $ 13.52, 49% por encima de ese precio bajo. En la semana pasada, el promedio móvil de 200 días (MA) ha bajado un 0,2%, mientras que el MA de 50 días ha avanzado un 1,3%. NCI Building Systems, Inc. diseña, fabrica y comercializa sistemas de construcción de ingeniería metálica y productos para la industria de la construcción. La Compañía vende componentes metálicos, así como sistemas completos de construcción metálica. NCI vende sus productos en los Estados Unidos. SmarTrend seguirá analizando estos promedios móviles y otros indicadores propietarios para cualquier cambio en la trayectoria de los proyectos de NCI Building Systems. Ingrese y agregue NCI Building Systems (NCS) a su lista de seguimiento hoy para que pueda recibir una alerta en tiempo real Cuando las acciones están a punto de cambiar la tendencia. Escriba a Chip Brian en [email protected] SmarTrend analiza más de 5.000 valores simultáneamente durante el día de negociación y proporciona a sus suscriptores alertas de cambio de tendencia en tiempo real. Para obtener una prueba gratuita de nuestras llamadas comerciales y maximizar sus resultados comerciales, visite http://www.MySmarTrend.com Obtenga información exclusiva y actuable sobre cómo se espera que el mercado evolucione antes de que el mercado se abra con nuestro boletín informativo gratuito de la mañana. Regístrese en: http://www.MySmarTrend.com/signup Copyright, Comtex News Network, Inc. 2016 Lea el Acuerdo del usuario final. Al acceder a esta página, acepta los términos y condiciones del Acuerdo de usuario final. Los datos de mercado son propiedad de la Bolsa. Los datos de mercado se retrasan al menos 10 minutos. El acceso a este sitio web y el uso de estos datos de mercado están sujetos a lo siguiente: (a) Los datos de mercado son para uso personal del destinatario y no pueden ser redistribuidos sin permiso de la Bolsa, que puede depender de la ejecución de un acuerdo y el pago de La tarifa aplicable; (B) la Bolsa y sus licenciantes reservan todos los Derechos de Propiedad Intelectual a los datos del mercado; (C) Exchange y TradingCharts declinan toda responsabilidad por los datos de mercado y uso de los mismos, y cualquier y todas las pérdidas, daños o reclamaciones derivados del uso de datos de mercado; (D) Exchange y TradingCharts pueden suspender o terminar la recepción de datos de mercado por cualquier parte si la Bolsa o TradingCharts tiene razones para creer que los datos de mercado están siendo mal utilizados o falsificados. También es una condición de acceso a este sitio web que usted acepta no copiar, diseminar, capturar, realizar ingeniería inversa o utilizar la información proporcionada en este sitio para cualquier otro propósito, excepto para la visualización directa en el navegador de Internet del usuario final solamente. Sólo en el formato proporcionado. Estas páginas & copiar; TradingCharts.com, Inc. Comercio Forex, materias primas y índices bursátiles con opciones binarias & ndash; Ver cómo Si usted sigue los índices de equidad de cerca, a veces puede detectar patrones que se repiten con un alto grado de coherencia. Continúe leyendo aquí. 24 de agosto de 2015, fue un día importante en los mercados de divisas mundiales. Los chinos conmocionaron al mundo con una devaluación del yuan. Continúe leyendo aquí. ¡Vaya, no pudimos encontrar lo que estás buscando! GoPro (GPRO) moda ha muerto mucho más rápido de lo que incluso algunos escépticos estaban esperando. La compañía ya está reportando ventas débiles y espero que la debilidad a. Tecnología de Seagate: Listo para desprenderse Seagate Technology (STX) anunció el segundo trimestre terminado el 1 de enero de 2016 ingresos totales de $ 2.99 mil millones, ligeramente y secuencialmente de $ 2.93 mil millones en primero. ¿Es hora de vender el rally de BHP Billiton? Tras el reciente aumento de los precios del crudo y del mineral de hierro, las acciones de la compañía de recursos naturales BHP Billiton han logrado una impresionante recuperación. Después de tener un. La crisis de Chipotle Mexican Grill comenzará pronto Las acciones de Chipotle Mexican Grill (CMG) han tenido un buen desempeño a pesar de que la compañía reportó terribles cifras de ventas en las mismas tiendas. Según los informes, Chipotle's. ¿Vale la pena comprar JinkoSolar? El mercado bursátil de China fue testigo de una liquidación rápida, debido a la sugerencia de una nueva devaluación de su moneda. Esto ha afectado los mercados de valores a través de la. Acción del día Portola Pharmaceuticals (PTLA) Pummeled después de que Betrixaban falla el estudio APEX de la Fase 3 Las acciones de Portola Pharmaceuticals (PTLA) estaban fuera de -7.97 o -27.85 por ciento a $ 20.65 por acción en la precomercialización de esta mañana después de que el comercio se detuvo en el. ¿Por qué Sierra Wireless es un ganador? Sierra Wireless (SWIR) anunció el cuarto trimestre terminado el 31 de diciembre de 2015 ingresos totales de $ 144.8 millones, abajo de 3 por ciento año tras año de $ 149.1 millones. SeaDrill: Vaya largo para grandes ganancias Las acciones de la empresa de perforación de aguas profundas en alta mar, SeaDrill (SDRL) subieron casi un 26%, ya que la compañía proporcionó una clara indicación para sobrevivir a esta recesión. Cambiar al sitio completo Con Nison Candle Scanner obtienes mi profundo conocimiento y experiencia que he trabajado duro para desarrollar. Literalmente, he escrito las "Biblias" de los gráficos con velas. Y es tan notablemente fácil de usar. No necesita saber cómo programar un equipo. No es necesario escribir ningún código de fórmula. Ni siquiera necesita saber cómo distinguir entre un "martillo" y un "doji". Ese es nuestro trabajo. Usted acaba de elegir el patrón que desea de una lista y - en tiempo real - verá esas señales en su patrón de mercados pop-up derecho en la pantalla de su computadora! A continuación, puede utilizar sus herramientas técnicas favoritas para cero en los mercados con señales de confirmación para ayudar a poner las probabilidades en su favor y maximizar sus beneficios comerciales. Es el objetivo # 1 de los operadores en todas partes: Pasa MENOS tiempo en busca de ganadores potenciales Breeze a través de la imagen general Los comerciantes inteligentes saben cómo brisa a través de su "gran imagen" de análisis lo más rápido posible para que puedan centrarse en las situaciones comerciales individuales. Eliminar tareas repetitivas Olvídese de manualmente slogging a través de gráfico tras gráfico tratando de encontrar cada mercado que está actualmente en un patrón engullir alcista - y con la esperanza de que lo que estás buscando en realidad es un patrón engullir alcista. No hay código complicado Y olvídese de tirar de su pelo hacia fuera mientras que intenta escribir su propio código de computadora para señalar estos patrones de la vela usted mismo. Cuando decidí desarrollar mi propio software avanzado de iluminación de velas, trabajé con mis programadores para crear una forma fácil de "pulsar" para identificar mis patrones de velas favoritos. Así que tomaron todas mis reglas para los patrones de velas más poderoso y probado gráfico y hizo toda la programación compleja para hacer que el trabajo rápido rayo! Luego pasé meses y meses comprobando los resultados. Quería estar absolutamente seguro de que cada uno de estos patrones de candelero era 100% exacto. Si quieres ver todos los mercados en una estrella de la mañana, entonces es mi responsabilidad para asegurarse de que usted está mirando realmente a una estrella de la mañana. Gracias a los 25 años que he pasado totalmente inmersos en el mundo de las técnicas de gráficos con candelabro y el uso adecuado de ellos, puede estar seguro de que no encontrará a nadie más en el planeta mejor calificado para tener trabajo para usted. ¿Por qué Trade Navigator es el socio perfecto para Nison Candlestick Scanner Te encantará lo bien que Nison Candlestick Scanner se integra con la plataforma de Trade Navigator: Estará listo y en funcionamiento en sólo unos minutos - no hay que esperar a que los discos se entregan por correo Las herramientas integradas de análisis técnico son potentes y fáciles Trade Navigator es muy simple de usar - incluso para principiantes, pero lo suficientemente potente para el comerciante más experimentado y exigente Esto es cómo filtrar los patrones de velas Con Nison Candle Scanner ™. Usted puede filtrar un universo de mercados (acciones, índices, Forex, futuros, etc) para cualquier señal de velas específicas - y luego ver como todos los mercados con ese patrón se enumeran. A continuación, haga clic en un mercado para ver la tabla! El explorador de la vela de Nison trabaja en cartas diarias oa más largo plazo. Paso 1 . Elija cualquiera de mis señales de vela favoritas (todos están preprogramados y listos para usar!) En este ejemplo, he elegido un patrón engullir alcista. También puede agregar indicadores técnicos occidentales. ¿Qué quiere decir con filtrar y cómo me va a ayudar? La tecnología patentada de filtrado en Nison Candlestick Scanner ™ (NCS) utiliza análisis en tiempo real de datos técnicos para cualquier universo de mercados. Los usuarios son capaces de filtrar cualquier mercado, todo el tiempo, y tienen sólo aquellos que cumplan los criterios pre-especificados al instante llamados a su atención. Los inversores en línea se benefician inmediatamente de un flujo continuo y en tiempo real de ideas de inversión y negociación. Los corredores en línea se benefician inmediatamente con una mayor actividad de los comerciantes. Es importante tener en cuenta que el rendimiento del producto se produce en tiempo real, antes de que el valor de la información filtrada perece. ¿Cuáles son los requisitos del sistema para NCS for Trade Navigator? NCS trabaja con Trade Navigator, que es una popular plataforma de análisis técnico. Además, NCS está diseñado para trabajar en equipos personales basados ​​en Windows. No funcionará en ordenadores Mac. ¿Qué sucede si tengo alguna pregunta acerca del uso de cualquiera de las características más poderosas de NCS? Una vez que invierta en NCS le enviaremos videos detallados para que rápidamente aproveche el poder de NCS. Y si tiene alguna pregunta sobre el uso de NCS después de ver estos videos, póngase en contacto con nosotros en [email protected] ¿Con qué marcos de tiempo funcionará NCS? NCS trabaja con gráficos diarios oa largo plazo. Por un tiempo limitado estamos dando actualizaciones gratuitas a NCS que incluye el módulo intradía (un valor de $ 495) más el módulo FX (un valor de $ 995) sin costo adicional. Esta oferta puede ser cancelada en cualquier momento, por lo que necesita actuar rápidamente para aprovechar esta oportunidad. ¿Con qué mercados trabaja NCS? Como bono, por un tiempo limitado estamos incluyendo los módulos intradía y FX con un valor total de $ 1,490. Como tal, funciona con todos los mercados que proporciona el feed de datos. Para cualquier otra pregunta sobre feeds de datos compatibles, por favor contacte [email protected] ¿Seré capaz de ver las definiciones de las señales de candelero? Todos estos son patrones de vela de propiedad y tienen en cuenta no sólo la definición de la señal de candelabro, sino consideraciones clave como lo que es una tendencia hacia arriba o hacia abajo, lo que es un "largo" cuerpo real, cuando son las sombras demasiado grande o pequeño Para ciertos patrones, y otros factores. Debido a que son propiedad, las definiciones subyacentes no están públicamente disponibles. ¿Es Trade Navigator una plataforma de trading o charting? Una de las razones por las que elegimos Trade Navigator como una de las plataformas soportadas es porque ofrecen un paquete de gráficos confiable que es fácil de usar. ¿Qué tipo de educación obtengo con Trade Navigator? Genesis ofrece sesiones de coaching individuales GRATUITAS. Usted puede inscribirse para una sesión en cualquier momento que funcione mejor para usted. Le pedimos que sólo tenga una sesión por semana para que otros puedan aprovechar esta gran herramienta de capacitación. ¿Qué sucede si quiero obtener los nuevos programas de entrenamiento de DVD de Steve Nison? Si no tiene el programa de entrenamiento de DVD más reciente de Steve (el MegaPackage de Candelabros que se muestra a continuación) y está listo para llegar a Nison Expert Level, podemos diseñar un paquete educativo personalizado solo para usted. Para saber qué tipo de ahorro puede recibir, por favor contacte a Paul Siegel en [email protected] Paul le devolverá su correo electrónico lo más rápido posible (generalmente en 24 horas). Si desea que Paul le llame por teléfono para discutir sus ahorros, asegúrese de incluir su número de teléfono en su correo electrónico. Como uno de los primeros en obtener Nison Candle Scanner, también recibirá estas valiosas actualizaciones gratuitas ... El módulo intradía NCS (un valor de $ 495) El módulo FX (un valor de $ 995) Estos módulos de actualización gratuita se incluyen automáticamente en su copia de Nison Candle Scanner ... listo para su uso inmediatamente después del registro ... sin costo adicional. No disponible en ningún otro lugar. (Valor del bono: $ 1,490) El modelo de velas Referencia rápida de vídeo En este video de bonificación, le mostramos todos los 28 patrones utilizados en el software, y le guiamos a través de una explicación rápida de cómo interpretar y utilizar el patrón en su toma de decisiones. No disponible en ningún otro lugar. (Valor del bono: $ 129) Seminario Web Privado de Formación en Mejores Prácticas Este video te muestra cómo usamos Nison Candle Scanner en nuestro comercio y cómo puedes, también. El foco está en acelerar su análisis diario y utilizar el software para señalar las mejores oportunidades comerciales. No disponible en ningún otro lugar. (Valor del bono: $ 149) NCS Guía de referencia rápida Con la guía de referencia rápida NCS, descubrirá los 28 patrones de velas que utilizamos dentro del escáner de velas Nison. Le guiamos a través de cada uno de los patrones de velas incluidas en el software y le mostraremos cómo se anotan en sus cartas para una identificación instantánea. No disponible en ningún otro lugar. (Valor del bono: $ 49) Entrenamiento Bonus Trade Navigator También recibirá cinco sesiones privadas de coaching de una hora de duración absolutamente GRATIS de Trade Navigator. Estas sesiones de soporte enfocadas le ayudarán a sacar el máximo provecho de Trade Navigator. Nota: estas sesiones de coaching one-to-one cubren SOLAMENTE la plataforma de Trade Navigator. Para un entrenamiento en profundidad sobre Nison Candle Scanner, tendrá acceso exclusivo a nuestra biblioteca de tutoriales en video para referirse a cada vez que necesite ayuda. Active su software de la vela ahora Coge tu copia de Nison Candle Scanner ahora y obtén acceso a LIFETIME por solo $ 1,695 (regularmente $ 2,495). Es el mismo precio que una suscripción anual durante esta oferta de tiempo limitado. ¡Vaya, no pudimos encontrar lo que estás buscando! GoPro (GPRO) moda ha muerto mucho más rápido de lo que incluso algunos escépticos estaban esperando. La compañía ya está reportando ventas débiles y espero que la debilidad a. Tecnología de Seagate: Listo para desprenderse Seagate Technology (STX) anunció el segundo trimestre terminado el 1 de enero de 2016 ingresos totales de $ 2.99 mil millones, ligeramente y secuencialmente de $ 2.93 mil millones en primero. La crisis de Chipotle Mexican Grill comenzará pronto Las acciones de Chipotle Mexican Grill (CMG) han tenido un buen desempeño a pesar de que la compañía reportó terribles cifras de ventas en las mismas tiendas. Según los informes, Chipotle. 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View the full release here: http://www.businesswire.com/news/home/20160323006356/en/ Robert Nipper, Executive Chairman of the Board, NCS Multistage (Photo: Business Wire) In his new role, Nipper remains active in the company and will turn his attention from day-to-day management to developing and driving long-term strategy, including evaluating potential transactions that would broaden the company's business base. "NCS Multistage is well positioned for the current market," said Nipper. "We are right-sized, our balance sheet is sound, we have excellent investor support, and we continue to extend the capabilities of our industry-leading coiled tubing fracturing technology. We are in the fortunate position of being able to pursue strategic merger, acquisition, and other inorganic growth opportunities, and that's where I will be focusing most of my attention." Stromquist takes over day-to-day executive responsibilities. He stressed the importance of continuity: "This change does not represent a shift in the company's operating philosophy," he said, adding, "We will continue to have a strong focus on developing new technology and growing our business and market share. I will work with Robert and the Board to maintain the culture that makes NCS special and to ensure that our actions continue to be consistent with our ideals." In addition to his new role, Stromquist will continue serving on the Board of Directors. The announced changes are effective immediately. Robert Nipper, Executive Chairman of the Board Robert Nipper co-founded NCS and served as Chief Executive Officer until becoming Executive Chairman of the Board. He has more than 25 years of industry experience and has invented several patented technologies relating to downhole oil and gas and geothermal service equipment. Prior to starting NCS, Nipper spent 18 years with Tri-State Oil Tools and Baker Hughes, serving in various operations and sales management positions. Prior to leaving Baker Hughes, he held the position of North American Marketing Manager. Marty Stromquist, Chief Executive Officer Marty Stromquist was co-founder of NCS and subsequently served as Chief Operating Officer and then Chief Technology Officer before being named to his current position. He has served in technical and management positions in the oil and gas industry for more than 35 years, in both service company and producer roles. He co-founded Cemblend Systems, Inc. which provided unique cementing solutions, and Frac Source, Inc. which specialized in stimulation services for unconventional reservoirs. He also served as operations manager of the well services group for Pioneer Natural Resources USA, Inc. in Denver, CO, and as technical manager for stimulation services for Halliburton Energy Services Canada. Stromquist is recognized as a pioneer and leader in the field of coiled-tubing fracturing. He holds numerous patents for completion-related tools and downhole procedures, and he has authored numerous technical papers and articles. About NCS Multistage NCS Multistage, LLC, is the world leader in coiled-tubing-deployed fracturing technology used in multistage completions. The independent technology and services company has operated throughout the United States, Canada, Mexico, Argentina, Australia, China, and Russia, with a record of more than 6,700 field successes. The company is headquartered in Houston, Texas. More information is available at ncsmultistage.com. & Copy; 2014 Myfxbook Ltd. Todos los derechos reservados. ALTO RIESGO ADVERTENCIA: El comercio de divisas conlleva un alto nivel de riesgo que puede no ser adecuado para todos los inversores. El apalancamiento crea un riesgo adicional y una exposición de pérdidas. Antes de decidir intercambiar divisas, considere cuidadosamente sus objetivos de inversión, nivel de experiencia y tolerancia al riesgo. Usted podría perder parte o la totalidad de su inversión inicial; do not invest money that you cannot afford to lose. Infórmese sobre los riesgos asociados con el comercio de divisas y busque asesoramiento de un asesor financiero o fiscal independiente si tiene alguna pregunta. Todos los datos e información se proporcionan "tal cual" con fines exclusivamente informativos y no se destinan a fines de negociación ni asesoramiento. FexBEE–Trade Finance Solution The software has comprehensive and powerful options for automatic generation of all statutory returns like R-Return-6 with related schedules, ENC, XOS, BEF, R-Return in Floppy format (FETERS-6) etc. number of MIS Reports like Turnover report, Over dues and outstanding liability ledgers etc. with multi various parameters and other utility reports like cash letters, covering schedules, tracers, Day book, GL, earnings etc., Special Features and benefits: Automatic Vouchers preparations & accounting and provision to take print –outs, thereby eliminating huge manual labor. High security features like maker-checker access and permissions. Inclusion of Charges & Commissions, Statutory taxes, Cess etc. in vouchers and accounting. Offshore Outsourcing Model has been successfully deployed in more than 40 companies Accurate generation of latest version of statutory returns like R-Returns with relevant schedules, XOS,BEF,ENC,ECGC etc., Automatic calculation of ECGC premium and ledger posting. Complete support for auto generation of SWIFT messages and auto generation of Telex messages. More than 1000 options & sub-options for reports numbering more than 400. Exhaustive MIS reports on Turnover, Earnings, Liabilities, Out standings, Over dues etc. and accounting reports like Day Book, GL, earnings etc., Can be integrated to any TBM or CBS or to any centralized data base environment. Endorsed by leading commercial Banks. BMW E60 5 Series How To Code AUX In Idrive Ncs Expert Step By Step What do you think about this video? Law Order: Bought your cable, had a lot of trouble getting the code part of it working, had numerous errors with my ncsexpert software like profilversion 2.0 inguilt and had also problems with pressing F6 which then pop up an error screen basically saying u need to update sp.daten tried updating it didnt get it to work. but then after creating a win XP virtual machine on my windows 10 OS and adding in all the required frameworks. i got it to work thank god, i then followed these steps and i successfully coded in an AUX option into my BMW WOHOOOOO. if anyone needs help send us a message.п»ї Mario G: I got everything but the software on the computer. I can't find it anywhere plz help me. ) рџ‘‹рџЏјп»ї Marcus Blyden: I purchased my cable eBay and it came with the disk, but i misplaced it. Do you know where i can download the software for free?п»ї bcas357: How do you load the coding disk?п»ї Any thoughts? Looks similar to the one you used. I have a 2006 BMW 525i.п»ї Tobias Bergkvist: i cant go back in second step says "coapi-1141:FSW faulty TCM_ALIVE_MONITORп»ї Tobias Bergkvist: i cant go back in second step says "coapi-1141:FSW faulty TCM_ALIVE_MONITORп»ї Ryan Goshorn: Revtor's profile won't load in ncs expert 4. Can I edit the expert profile to recreate Revtor's?п»ї James L: can u help me to codeп»ї xThaFr8er: greetz from Germany. codierdaten lesen means. Read Code Files. helpfull video, Stay coolп»ї jdoe1778: hey can I use these same direction on my 06 650i bmw?п»ї Mucahit Yalaniz: Thanks for the video! Just to be sure: does this coding work the same way for a BMW e63 (645) ?п»ї LuCkYbOyBGrs: hey asshole. fix your god damn camera or buy better because we cant see a damn crap. and you cant talk normal asswipe. п»ї Gustavo Rojas: How much would you charge for coding? I live in Orange County. I did the hardware installation already. Thanksп»ї Huslen Battur: Can I get this done by someone at BMW?п»ї Jake Davidson: Hey man I bought the aux cable from you and downloaded the software onto my computer. I go to start it and it says faulty VIN and EDIBAS not initialized. Any ideas what this could be?п»ї Christian Jara: Roskinc, I purchased the aux cable from Century BMW in Alhambra, California through Ebay. After having to leave the the car there for about two whole days, they told me that they couldn't program it to my vehicle (545I 2004). They said "after diagnosis, found there is problem with SGM module and SZL module, it is possible that SGM might cause the SZL to fail at this time but it is necessary to replace SGM and find out to see if SZL is okay. Recommend to replace SGM module. 1.5 hour to replace and program. Now the car has the airbag light on and they said it is because of this module. The car was fine when I left it there. Where are you located Roskinc? Maybe you can help me.п»ї Francis pichardo: hey bud do you need to download anything for you plug the computer in and does it matter that i have a mac ?п»ї dun dotta: does this work for 750Li?п»ї BMW E60 5 series How to code AUX in Idrive ncs expert step by step 5 out of 5 Shared by Others Neural Commodities & Cepo Neural Commodities & Stocks (NCS) is a widely anticipated and not yet released commodity futures trading system based on a fabulous new neural network trading algorithm. A Neural Network System may be defined as a category of software that is "trained" by presenting it examples of input and the corresponding desired output. For example, the input might be a magnetic anomaly and the required output the depth to the source of that anomaly. Training might be conducted using synthetic data, iterating on the examples until satisfactory depth estimates are obtained. Neural networks are general-purpose programs which have applications outside potential fields, including almost any problem that can be regarded as pattern recognition in some form, including its best applications which is commodity futures trading and to a bit lesser degree, stocks and options trading. Futures trading is a high-stakes combined with high-risk game with huge returns (based on comparatively low margin requirements) possible if you can successfully predict the market price direction and trade the trend of the commodities trading futures markets. NCS Organization is here to help you trade commodities and stocks profitably thanks to using advanced new ncs neural network trading techniques and pattern recognition trading methodology. In addition to Neural Commodities & Stock Trading, NCS is also a popular acronym in the context of NCS Communication Service/System as used in the U.S. "NCS" is an acronym with many significant meanings* as listed below. NCS is also important regarding U.S. Government Agencies. Go the the web-links near the page bottom for ncs govt links and more "ncs" información. Please also visit NCS Sponsors: freeMLSListing.com, SwingCatcher.com & 3GMusic.com Important NCS Information via U.S. Federal Government internet-sources 1. The most important and significant meaning of the popular acronym "NCS" is likely The National Communications System & Service, established by Section 1(a) of Executive Order #12472 to assist the President of the United States, the National Security Council. the Director of the Office of Science and Technology Policy, and the Director of the Office of Management and Budget, in the discharge of their national security emergency preparedness telecommunications functions. NCS consists of both telecommunications assets of entities represented on NCS's Committee of Principals with administrative structure consisting of Executive Agency, the NCS Committee of Principals, and the Manager. 2. Telecommunications system that results from technical and operational integration of the separate telecommunications systems of the several executive branch departments and agencies having a major telecommunications capability. Sources: from Federal Standard 1037C. and via U.S. Dept of Defense Dictionary of Military & Associated Term's. 3. Access information from NCS.Gov - National Communications System/Service for Homeland Security. freeMLSlisting.com offers MLS FLAT FEE SERVICE 4-homeowners 2-easily sell either as a "for sale by owner" (FSBO) or via a licensed local Realtor® using the Realtors MLS System. CLICK-HERE so you only pay real estate sales commission to licensed real estate agent who brings the buyer, not needing to pay the listing agent (total of two trade commissions), saving almost one-half (thousands of dollars) depending on your home sale price! The mission of NCS.org is to provide free information and knowledge for trading success starting today about NCS offered by traders organization/webtrading's swing catcher New Neural Commodity System for futures trading to trade commodities futures for big profits making-money from your home office using NCS pattern recognition trading methodology! Coding Your BMW With NCS Expert Leigh: Absolutely perfect, managed to code out cold checks on my E39's high beams using this video as a guide, just selected LCM instead of IHK at 45 seconds, Thank you :)п»ї harshsmi: Title should be how to make a moronic youtube video. Useless.п»ї Hustler LT: what inpa version is this?п»ї Manoo42: Completely and utterly useless without a commentary on exactly what you are doing and why. The odd comment at the bottom of the screen is worthless with so many steps missed.out, useless.п»ї jokawood: I keep getting the unable to communicate with ECU popup why?п»ї joe Listenbee: does this work with e60 525 2005 bmwп»ї Giedre Vindzigalskyte: i need to correctly code my bmw e60 head unit can you help me ?п»ї You know that. Where are you get the programs? do you have any link. I tried to get ncs expert but i can get. thank you so much, and congratulations for this video.п»ї sabbib007madness: hey, could you send the link of the download for the software, including the daten files for e88 1 series that is, thanksп»ї operarter: which version of dummy you use? thnx operarter: sorry what change did you made on your car comp? Rusty Shackleford: Question. where do i get the software? FXESTrader SJV: He is a USA seller Fabian Dee: Excellent video. It was a little hard to see some of the text on the buttons on the screen, but having cross referenced it with the Dummies Guide to Basic Coding with NCS Expert forum post, it really made the procedure make sense as I was struggling with just the written instructions on their own. ¡Gran trabajo! Aclamaciones. Wesley Hannibal: victor I've just had a dension gateway put in my e92 and the blokes that fitted it said i needed it coding for the cd changer like you. have you been able to get it done. Victor Colin: I have a mobibridge(dension-generic device) conected on my trunk, also there is the ipod cable with power from the mobibridge but no sound. The car toys guys that did the install told me that my car need it some programming(coding), my car is a 04' 525i base with no Navigation, do you know how to program the CD exchanger option in to the idrive with the NCS Expert program? Nick OnGoogle: Many thanks, klinquist. You da man! Bmw-master1979 Laki: 7er-online.de biggurs: i have ncsexpert and recently replaced my drivers airbag. I can use inpa but never tried ncsExpert. I know the first 3-4 steps in the viseo but after choosing my model what are the steps please? Coding your BMW with NCS Expert 5 out of 5 Shared by Others NCS Re-Imposes Restriction on Rice Importation 2. Comptroller-General of Customs, Col. Hameed Ali (Rtd) gave the approval for the reversal of an earlier policy in October 2015 which allowed rice imports through the land borders, once appropriate duty and charges were paid. 3. At a review session held with Comptrollers of Border Commands and Federal Operation Units held in Abuja, the Service noted that dwindling revenue from rice imports through the Land borders do not match the volume rice landed in neighboring Ports. Rather, reports from Border commands indicated an upsurge in the tempo of rice smuggling. 4. Implementation of the restriction order got off to a smooth start, with a high level of compliance in October 2015. However, revenue started dwindling from January 2016, with importers blaming access to Forex as major impediments. During the Five-month period when the importation was allowed October 2015-March 17th 2016, a total of 24.992 Metric Tonnes of Rice valued at N 2, 335,131,093 ( Two Billion, Three Hundred and Thirty Five Million. One Hundred and Thirty One Thousand and Ninety Three Naira) was imported through the land borders. 5. During the period, total revenue generated amounted to N 1,685,112,810 (One Billion, Six Hundred and Eighty, Five Million One Hundred and Twelve thousand, Eight Hundred and Ten Naira Only). This is considerably lower than the revenue projected to be generated with the removal of import restrictions. However, an upsurge in the number of the seizures has been reported across the land borders since January 2016. In the first two months of the 2016, a total of 9238 bags were seized, with Duty Paid Value of N64,666,000 was made by the Customs anti-smuggling patrol teams of Federal operations and Border commands. 6. Comptroller-General of Customs noted that his Officers and Men cannot be totally exonerated from the abuse associated with the implementation of the order on Rice, as his office has been inundated with reports of collusion between them and Rice importers. He has directed investigation into the reports, insisting that indicted personnel will be sanctioned. 7. While directing a zero-tolerance to rice imports through the land borders irrespective of volume with immediate effect, he stated that importers who have already initiated import processes will have a grace period ending Friday 25th March 2016 to clear their consignments. Public Relations Officer For: Comptroller-General of Customs Declining revenue: Customs to meet CBN on forex restrictions …As LCCI advocates CBN forex review THE Nigeria Customs Service (NCS) intends to consult with the Central Bank of Nigeria (CBN) over the possible review of the bank’s monetary policy on foreign exchange affecting Customs revenue generation. According to the Service’s spokesperson, Mr. Wale Adeniyi, the consultation was to see how the policy could be fine-tuned to take care of the negative impact on Customs revenue without necessarily negating the objective of the policy. “What Customs is doing is to start engagement from the government agency to government agency, so we are going to be talking to CBN first to see what can be done in terms of review of policy.” Meanwhile, the Director-General, LCCI, Muda Yusuf, stated this in Lagos. Yusuf, who applauded the latest CBN policy stopping the sale of forex to Bureau de Change operators, expressed concern that the apex bank was silent on the two critical issues. He said, “First, the CBN was silent on the exclusion of the 41 items from the foreign exchange market. My submission is that the restriction of the items should as well be immediately reviewed and their transactions possibly restricted to the autonomous foreign exchange market. “The second concern is the silence on access to export proceeds by exporters. Exporters should be given ample flexibility and freedom in the use of their export proceeds. They should not be deprived of the benefits of prevailing currency market conditions. This would give significant boost to non-oil exports.” It will be recalled that recently the Manufacturers Association of Nigeria (MAN) and the Lagos Chamber of Commerce and Industry (LCCI) expressed fears over the nation’s economy with the current foreign exchange (forex) policy and its impact on manufacturers and other businesses. The President, Dr. Frank Udemba who spoke in Lagos said the forex policy will impact negatively on manufacturing sector because members are finding it difficult to source important raw materials. He called on the Federal Government to make forex available to manufacturers importing raw materials stressing that the policy except reversal will threaten the existence of many companies. Similarly, the Director General, LCCI, Muda Yusuf, also said in Lagos recently that the forex policy will mean economic nightmare for the nation’s economy in the first quarter of the year, stressing that the policy will lead to mass sack of workers as many factories will be closed down. He called on the federal government to introduce quick palliative measures, such as fiscal and monetary policies for early economic in the first quarter. Poor Revenue: Customs to consult CBN on review of forex policy Abuja – The Nigeria Customs Service (NCS) intends to consult with Central Bank of Nigeria (CBN) over the possible review of the bank’s monetary policy on foreign exchange affecting customs revenue generation. The Service Public Relations Officer, Mr Wale Adeniyi, said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. He said the consultation was to see how the policy could be fine-tuned to take care of the negative impact on customs revenue without necessarily negating the objective of the policy. “What customs is doing is to start engagement from the government agency to government agency; so we are going to be talking to CBN first to see what can be done in terms of review of policy. “We all understand the objective of the policy but we don’t want a policy that will achieve one objective on one side and create some disruption and problem on the other. “The objective of our consultation with CBN will be to see how we can fine-tune the policy to take care of the negative impact it is creating for our (customs) revenue without necessarily negating the objective of the policy itself.“So we will start with that and we hope we will get some positive outcome, mutually beneficial solution to the issue. “It is only if we don’t get beneficial solution that we hope to take the matter to higher authorities,’’Adeniyi said. NAN recalled that the Comptroller-General of Customs, retired Col. Hameed Ali, said that the shortfall of N240 billion in customs revenue target was due to CBN monetary policy which banned 41 items on the Forex. Ali said that the service only generated N903 billion out of its N954 billion revenue target in 2015 due to the policy. “If you remember CBN policy on 41 items; when we did our analysis, the policy has denied us money to the tune of N240 billion. “So if we add that to what we have generated, it would have surpassed what we have. “So that is the downside of why we were not able to meet the target in 2015; but hopefully with all the tools we put in place and I hope that government will once again look at those policies and see how they can be fine-tuned,’’ Ali said.(NAN) 404 significa que el archivo no se encuentra. Si ya ha subido el archivo, el nombre puede estar mal escrito o está en una carpeta diferente. Otras posibles causas Puede obtener un error 404 para las imágenes porque tiene Hot Link Protection activado y el dominio no está en la lista de dominios autorizados. Si va a su url temporal (http: // ip / Username /) y obtener este error, tal vez un problema con el conjunto de reglas almacenadas en un archivo .htaccess. Puede intentar cambiar el nombre de ese archivo a .htaccess-backup y actualizar el sitio para ver si se resuelve el problema. También es posible que haya borrado su raíz de documento de forma inadvertida o que su cuenta tenga que ser recreada. De cualquier manera, póngase en contacto con su anfitrión de la tela inmediatamente. ¿Estás usando WordPress? Consulte la sección sobre errores 404 después de hacer clic en un enlace de WordPress. Archivos perdidos o rotos Cuando obtenga un error 404 asegúrese de comprobar la URL que está intentando utilizar en su navegador. Esto le dice al servidor qué recurso debe intentar solicitar. En este ejemplo, el archivo debe estar en public_html / example / Example / Observe que el CaSe es importante en este ejemplo. En plataformas que hacen cumplir la sensibilidad de mayúsculas y minúsculas y E xample no son las mismas ubicaciones. Para los dominios addon, el archivo debe estar en public_html / addondomain.com / example / Example / y los nombres distinguen entre mayúsculas y minúsculas. Imagen rota Cuando usted tiene una imagen que falta en su sitio usted puede ver una caja en su página con con una X roja donde la imagen falta. Haga clic derecho en la X y elija Propiedades. Las propiedades le dirán la ruta y el nombre de archivo que no se pueden encontrar. Esto varía según el navegador, si no ves una casilla en tu página con una X roja, haz clic derecho en la página, luego selecciona Ver información de la página y ve a la pestaña Medios. En este ejemplo, el archivo de imagen debe estar en public_html / cgi-sys / images / Observe que el CaSe es importante en este ejemplo. En plataformas que imponen la sensibilidad de mayúsculas y minúsculas PNG y png no son las mismas ubicaciones. Al trabajar con WordPress, 404 Page Not Found los errores a menudo pueden ocurrir cuando un nuevo tema ha sido activado o cuando las reglas de reescritura en el archivo. Htaccess se han alterado. Cuando se encuentra con un error 404 en WordPress, tiene dos opciones para corregirlo. Opción 1: Corregir los Permalinks Inicie sesión en WordPress. En el menú de navegación de la izquierda de WordPress, haga clic en Configuración & gt; Permalinks (Observe la configuración actual.) Si está utilizando una estructura personalizada, copie o guarde la estructura personalizada en alguna parte. Seleccione Predeterminado. Haga clic en Guardar configuración. Cambie la configuración de nuevo a la configuración anterior (antes de seleccionar Default). Vuelva a poner la estructura personalizada si tenía uno. Haga clic en Guardar configuración. Esto restablecerá los permalinks y solucionará el problema en muchos casos. Si esto no funciona, puede que tenga que editar su archivo .htaccess directamente. Opción 2: Modificar el archivo .htaccess Agregue el siguiente fragmento de código a la parte superior de su archivo .htaccess: # BEGIN WordPress & lt; IfModule mod_rewrite.c & gt; RewriteEngine En RewriteBase / RewriteRule ^ index.php $ - [L] RewriteCond%! -f RewriteCond%! -d RewriteRule. /index.php [L] & lt; / IfModule & gt; # End WordPress Si su blog está mostrando el nombre de dominio incorrecto en los enlaces, redirigir a otro sitio, o falta imágenes y estilo, todos están relacionados con el mismo problema: tiene el nombre de dominio incorrecto configurado en su blog de WordPress. El archivo .htaccess contiene directivas (instrucciones) que le indican al servidor cómo comportarse en determinados escenarios y afectan directamente al funcionamiento de su sitio web. Los redireccionamientos y la reescritura de URL son dos directivas muy comunes encontradas en un archivo .htaccess, y muchas secuencias de comandos como WordPress, Drupal, Joomla y Magento agregan directivas al .htaccess para que puedan funcionar. Es posible que necesite editar el archivo .htaccess en algún momento, por varias razones. Esta sección explica cómo editar el archivo en cPanel, pero no lo que necesite ser cambiado (puede que tenga que consultar otros artículos y Recursos para esa información.) Hay muchas maneras de editar un archivo .htaccess Editar el archivo en su computadora y subirlo al servidor a través de FTP Utilice el modo de edición de un programa FTP Utilice SSH y un editor de texto Utilice el Administrador de archivos en cPanel La forma más fácil de editar un archivo .htaccess para la mayoría de la gente es a través del Administrador de archivos en cPanel. Cómo editar archivos .htaccess en el Administrador de Archivos de cPanel Antes de hacer cualquier cosa, se sugiere que haga una copia de seguridad de su sitio web para que pueda volver a una versión anterior si algo sale mal. Abra el Administrador de archivos Inicie sesión en cPanel. En la sección Archivos, haga clic en el icono Administrador de archivos. Marque la casilla de raíz del documento y seleccione el nombre de dominio al que desee acceder desde el menú desplegable. Asegúrese de que Mostrar archivos ocultos (dotfiles) "esté marcado. Haga clic en Ir. El Administrador de archivos se abrirá en una nueva pestaña o ventana. Busque el archivo .htaccess en la lista de archivos. Puede que tenga que desplazarse para encontrarlo. Para editar el archivo .htaccess Haga clic con el botón derecho en el archivo .htaccess y haga clic en Edición de código en el menú. Alternativamente, puede hacer clic en el icono del archivo .htaccess y luego hacer clic en el icono del Editor de códigos en la parte superior de la página. Puede que aparezca un cuadro de diálogo preguntándole acerca de la codificación. Simplemente haga clic en Editar para continuar. El editor se abrirá en una nueva ventana. Edite el archivo según sea necesario. Haga clic en Guardar cambios en la esquina superior derecha cuando haya terminado. Los cambios se guardarán. Pruebe su sitio web para asegurarse de que los cambios se hayan guardado correctamente. Si no, corrija el error o vuelva a la versión anterior hasta que su sitio vuelva a funcionar. Una vez completado, puede hacer clic en Cerrar para cerrar la ventana Administrador de archivos. NCS Sugars says ICICI has sought out-of-court settlement Updated: Fri, May 09 2008. 10 26 PM IST Hyderabad: On the heels of an unfavourable interim order by the Andhra Pradesh high court in a litigation over currency derivative transactions, ICICI Bank Ltd has proposed an out-of-court settlement with NCS Sugars Ltd, the Hyderabad-based sugar producer said. The court on Wednesday restrained ICICI Bank from treating the amounts as non-performing assets, or NPAs. “Following the court orders, the bank officials are now approaching us for an out-of-court settlement. However, we are yet to take a decision on this,” NCS Sugars managing director N. Nageswara Rao told Mint . NCS had told the court that “if the respondent (ICICI Bank) is allowed to declare the petitioner (NCS) as a non-performing asset, the petitioner would suffer serious loss and damage due to the resultant disability of enhancement of its credit facilities with other bankers.” NCS has urged the court to declare all the contracts that the company has entered into with the ICICI Bank on foreign exchange transactions as null and void and not binding on the company. An ICICI Bank spokesperson declined to comment. However, another official of the bank said on condition of anonymity: “The court’s interim order suits us since we need not show the amounts as NPAs in our books.” NCS, which has annual revenues of Rs300 crore, filed a suit against India’s largest private sector lender alleging that the bank mis-sold complex foreign exchange derivatives products without fully explaining their implications or the underlying possibility of huge losses due to currency fluctuations. NCS also alleged that ICICI Bank crossed the prescribed limits of Rs5.8 crore for such transactions by reaching a level of around Rs80 crore and claiming losses of around Rs8 crore on account of currency variations. The company also said it was never interested in speculation and had opened the forex hedging account only to insulate the company from possible foreign exchange losses in its export and import transactions. According to Rao, most of the transactions that ICICI Bank executed appeared speculative in nature and involved cross-currency deals inconsistent with covering the risks of foreign exchange transactions of the company. “The management was completely unaware of the transactions the ICICI Bank officials did by associating with one of our officials, who was not authorized to do so. There were no board authorizations for the transactions that ICICI Bank said it had executed for the company,” Rao said. NCS further said the bank was uncooperative. “When we asked the bank to furnish the full and necessary details on the transactions and losses being claimed, the bank virtually turned hostile to us,” Rao maintained. He said the bank misled the company into the area of speculation and exposed it to the unwarranted effects of the foreign exchange fluctuations and finally made the company victim of the circumstances, which were in the knowledge of the bank but not disclosed to the company. “We had to move court when the bank insisted that we enhanced our exposure limits to derivatives transactions along with furnishing collateral security,” él dijo. “While insisting that we should pay the losses that were said to have been incurred in the process of derivatives transactions, the bank has also warned us that it would consider the amounts as non-performing assets if the company refuses to pay them.” First Published: Sun, Apr 20 2008. 02 15 AM IST #NCS boys soccer . San Ramon Valley beats Clayton Valley NCS boys soccer . San Ramon Valley beats Clayton Valley DANVILLE — It seems almost unfathomable that the San Ramon Valley High boys soccer team graduated 17 seniors from last year's team that won North Coast Section and East Bay Athletic League titles, and still find themselves in this position. A year … Read more on San Jose Mercury News RPT-FACTBOX- Soccer -FIFA presidential candidate Jerome Champagne Factbox on Frenchman Jerome Champagne, one of five candidates standing for the FIFA presidency in an election on Feb. 26: * Born in Paris on June 15, 1958. * The 57-year-old Frenchman held senior positions at FIFA before leaving the organisation in … Read more on Eurosport.co.uk RPT-FACTBOX- Soccer -FIFA presidential candidate Tokyo Sexwale Factbox on South African Tokyo Sexwale, one of five candidates standing for the FIFA presidency in an election on Feb. 26: * Born in Soweto on March 5, 1953, he grew up amid the turmoil of the township struggle against the Apartheid regime in South Africa. Read more on Eurosport.co.uk Compartir este: Relacionado soccer . San Ramon Valley beats Clayton Valley" data-via="" data-lang="en">tweet Previous article # Marketing strategy behind Apple's denial to unlock iPhone: US Free Candlesticks Training If you registered for our free candlesticks training, this is the place to go. It includes excellent entry-level training and information to get you started on the right foot. Click to access now. Candlestick Quick Start This brief one-hour introduction to candlesticks is the ideal way to develop a basic understanding of how to read a candlestick chart and understand basic patterns. Click to access now. Volume 1: Foundation of Candles The equivalent of a full-day seminar with Steve Nison as he teaches you the first level of candlestick understanding you need for successful trading. Click to access now. Volume 2: Foundation of West + Trade Management This volume of training adds Western technical analysis tools and smart trade management techniques to your arsenal. Click to access now. 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Is NCS a Buy, Hold or Sell? Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a score of an A or a B in your personal trading style. Zacks Scorecard Education - Learn more about the Zacks Scorecard The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Permite al usuario centrarse mejor en las poblaciones que son el mejor ajuste para su estilo de negociación personal. Las puntuaciones se basan en los estilos comerciales de Valor, Crecimiento y Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Zacks Style Scores Education - Learn more about the Zacks Style Scores This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below. Zacks Rank Home - Zacks Rank resources in one place Zacks Premium - The way to access to the Zacks Rank The Zacks Equity Research reports . O ZER para el cortocircuito, son nuestros informes de investigación internos producidos independientemente. Los siempre populares informes de una página de instantáneas se generan para casi todas las acciones de Zacks. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. All News For NCS Chart for NCS ¿Es el momento de vender? Uno de los pasos más importantes que puede tomar hoy es configurar su rastreador de cartera en Zacks.com. Una vez que lo haga, se le notificará de eventos importantes que afectan a sus acciones y / o fondos con alertas de correo electrónico diarias. enlaces rápidos Servicios Mi cuenta Recursos Soporte al cliente Síguenos Investigación de Zacks es reportada el: Zacks Investment Research es un negocio calificado BBB + acreditado. Copyright y copia; 2016 Zacks Investment Research En el centro de todo lo que hacemos es un fuerte compromiso con la investigación independiente y compartir sus descubrimientos provechosos con los inversores. Esta dedicación a dar a los inversores una ventaja comercial llevó a la creación de nuestro probado Zacks Rank sistema de clasificación de valores. Desde 1986 ha casi triplicado el S & amp; P 500 con una ganancia media de + 26% por año. Estos rendimientos cubren un período de 1986-2011 y fueron examinados y atestiguados por Baker Tilly, una firma de contabilidad independiente. Visite el rendimiento para obtener información sobre los números de rendimiento mostrados anteriormente. Visite www.zacksdata.com para obtener nuestros datos y contenido para su aplicación móvil o sitio web. Precios en tiempo real de BATS. Citas diferidas de Sungard. Los datos de NYSE y AMEX tienen al menos 20 minutos de retraso. Los datos de NASDAQ tienen al menos 15 minutos de retraso. Nigeria Import Guidelines Effective From December 1, 2013 Ship Loaded With Containers at the Sea Port In pursuit of the Government decision to seamlessly transfer the Destination Inspection Scheme for import from Scanning Service Providers (SSPs)to the Nigeria Customs Service (NCS) with effect from 1st December 2013, the following guidelines, procedures and documentation requirements shall apply in respect of import transactions with effect from that date. 1. Any person intending to import physical goods into Nigeria shall in the first instance process e-Form ‘M’ through any Authorized dealer bank irrespective of the value and whether or not payment is involved. 2. The initial validity period of an approved e-Form ‘M’ for general merchandise shall be 180 days, which may be extended for 180 days by the Authorized Dealer. For capital goods, the initial validity of an approved e-Form ‘M’ shall be 365 days subject to a maximum extension of another 365 days. However, any subsequent request for subsequent revalidation of e-Form ‘M’ shall be forwarded to the Director, Trade and Exchange Department, Central Bank of Nigeria, for consideration. 3. Supporting documents shall be clearly marked “VALID FOR FOREX” or “NOT VALID FOR FOREX” as appropriate i.e. whether or not foreign exchange remittance would be involved. 4. All applications for goods subject to Destination inspection shall carry the “BA” code, while those exempted shall include “CB” in the prefix of the numbering system of the e-form ‘M’. Payments for goods exempted from Destination Inspection, under the Scheme, would not be carried out in the Foreign Exchange Market, without a prior approval from the Central Bank of Nigeria. The list of goods exempted from Destination Inspection shall be as approved by the Honourable Minister of Finance and the approval shall be a pre-condition for the completion of e-Form ‘M’ exempted from Destination Inspection. 5. The e-Form ‘M’ and the relevant pro-forma invoice (which shall have a validity period of three months) shall carry a proper description of goods to be imported to facilitate price verification viz; yo. Generic product name i.e. product type, category; Ii. Mark or brand name of the product, where applicable; Iii. Model name and/or model or reference number, where applicable; Iv. Description of the quality, grade, specification, capacity, size, performance, etc; v. Quantity and packaging and/or packing. 6. e-Form ‘M’ shall be valid for importation only after acceptance by the Nigeria Customs Service (NCS). Consequently, Authorized Dealers are to confirm registration of the e-Form ‘M’ before proceeding with other import processes. 7. Documents in respect of each import transaction shall carry the name of the product, country of origin, specifications, date of manufacture, batch or lot number, Standards to which the goods have been produced (e.g. NIS, British Standards PD. ISO, IES, Din, etc). 8. All goods to be imported into the country shall be labeled in ENGLISH in addition to any other language of transaction; otherwise the goods shall be confiscated. 9. Where import items such as food, drinks, cosmetics, drugs, medical devices, chemicals, etc. are required for health or environmental reasons, they shall carry EXPIRY dates or the shelf life (minimum of half shelf life at the time of importation) and specify the active ingredients, where applicable. 10. Electrical appliances (fluorescent lamps, electric bulbs, electric irons and ties, etc) shall carry information on life performance while cables shall carry information on the ratings. 11. All electronic equipment and instruments shall carry: yo. Instructions Manual; Ii. Safety information and/or safety signs; Iii. A guaranty/warranty of at least six months. 12. Any wrong or fraudulent misrepresentation of facts will result in delays and or impoundment/seizures. 13. Importation of Blank products shall automatically qualify for seizure and destruction without warning, and subject to prosecution. 14. All imports into the country shall be accompanied by the following documents: a. Combined Certificate of Value and Origin (CCVO), shall contain the following information. yo. e-Form ‘M’ No; Ii. Adequate description of goods; Iii. Port of destination. (The actual port shall be specified e.g. Tin-Can, Apapa, Kano, Onne, etc); Iv. Shipment identification, date of shipment, Country of Origin, Country of Supply. segundo. Packing List. do. Shipped/Clean on Board Bill of Lading/Airway Bill/Railway Bill/Road Waybill. re. Manufacturer’s Certificate of production, the Phytosanitary Certificate or Chemical Analysis Report, which shall state standards, where applicable, should be made available. mi. Laboratory test certificates for chemicals, foods, beverages, pharmaceuticals, electrical appliances and other regulated products, where applicable. 15. The following procedures shall be adopted for payments: yo. Letters of credit transactions: All negotiating documents and/or shipping documents (as may be applicable), must be routed from the Beneficiary/Supplier through his/her bank to the issuing bank and thereafter to the issuing bank. For the avoidance of doubt, on no account must banks endorse or pay on documents that do not comply with the routing outlined above. Ii. For Bills for Collection transactions and Unconfirmed Letters of Credit, documents must come to the issuing bank either directly from the supplier’s bank or through the offshore correspondence of the issuing bank. Iii. For ‘Not Valid’ for foreign exchange transactions, the supplier should forward the documents directly to the applicant bank that validates the e-Form ‘M’. Iv. In the case of personal effects, the relevant documents should be forwarded to Nigeria Customs Service. However where dutiable goods are found to be in excess of the approved passenger concession, they shall be liable to the clearance procedure applicable to the commercial goods and accordingly all import documentation requirements must be complied with, failing which they shall be liable to seizure. 16. For transactions with Post Landing charges, a retention fee of 5-15% of the project cost as agreed between the importer and the overseas supplier shall be indicated on both the Contract Agreement and the Pro-forma invoice which shall form part of the supporting documents for the registration of relevant e-Form ‘M’. En adición, yo. The stated fee shall not be remitted until a satisfactory evaluation of the project has been undertaken by the Industrial Inspectorate Department of the Federal Ministry of Trade, Industry & Inversión. Ii. Nigeria Customs Service (NCS) shall forward to the Federal Ministry of Trade, Industry & Investment (Industrial Inspectorate Department) and the Central Bank of Nigeria, Trade and Exchange Department copies of the Contract Agreement and Pro-forma invoice of such projects for monitoring purposes. Iii. During Destination Inspection, the Nigeria Customs Service shall take cognizance of the value of shipment and Post Landing charges as would have been indicated on the Pre-Arrival Assessment Report (PAAR). Iv. The Industrial Inspectorate Department, Federal Ministry of Trade, Industry & Investment shall thereafter carry out an evaluation of the project and advise the Central Bank of Nigeria accordingly. v. On receipt of the report of the evaluation from the Federal Ministry of Trade, Industry & Investment (Industrial Inspectorate Department), the Central Bank of Nigeria shall advise NCS on the issuance of PAAR in respect of the retained value and the Authorized Dealer advised to remit same to the beneficiary. 17. Buying Commission: The percentage of buying commission to be paid to agents or confirming house acting as intermediary between importers and exporters is a maximum of 2% of the FOB value of the consignment, where applicable. B. IMPORT PROCEDURES 1. Duly completed e-Form ‘M’ shall be submitted electronically to an Authorized Dealer bank with the following attached documents: a) Profoma Invoice b) Insurance Certificate c) Regulatory Certificate/Permits (e.g. NAFDAC, SON, DPR, etc) 2. However the originals of the Documents listed ‘a,b,c’ should be submitted to the bank. 3. Upon receipt of duly completed and submitted copy of the e-Form ‘M’ from the importer, the Authorized dealer bank shall: a) ensure that the e-Form ‘M’ is duly completed.; b) compare the attached documents with the original; c) ensure that proper Know-Your-Customer (K-Y-C) and be satisfied that all the relevant documents forwarded are genuine. d) After completion of (a) to (c), the bank shall validate and transmit the e-Forms ‘M’, to the Nigeria Customs Service (NCS) C. RESPONSIBILITIES OF NIGERIA CUSTOMS SERVICE Upon receipt of the e-Form ‘M’ with other necessary pre-import documents, NCS shall: 1. Carry out a preliminary review on the application, using information provided therein and accept or reject the e-Form ‘M’ within one working day. 2. If “ACCEPTED”, NCS shall register the e-Form-M on the system. 3. If the e-Form ‘M’ is “REJECTED”, NCS shall state reason(s) for Rejection and the documents are automatically returned for necessary rectification. 4. After registration of the e-Form ‘M’ and the receipt of the Final Import Documents from the Authorized Dealer Banks, NCS shall generate Pre- Arrival Assessment Report (PAAR) within six (6) hours. D. RESPONSIBILITIES OF IMPORTER 1. It shall be the duty of the importer to ensure that the supplier makes available the pro-forma invoice in accordance with the imports procedure of the country. As a result, there must be no ambiguity in the description of the goods. 2. The importer shall also ensure that all the documents to be forwarded to the Authorized Dealer Bank are genuine and verifiable. 3. All the requirements listed under the imports procedure must be complied with before documents are submitted to the Authorized Dealer Bank. 4. Upon Registration of the e-Form ‘M’ by NCS, the importer shall advise the Supplier to arrange for the shipment of the goods. E. RESPONSIBILITIES OF THE SUPPLIERS 1. On consignment of goods for shipment, the overseas supplier shall: a) Make available three sets each, of original Combined Certificate of value and Origin (CCVO); Transport document (depending on the mode of transport) and Packing list to his/her bank. b) Forward only two (2) sets of the documents in (a) above through his/her banker to the relevant overseas correspondent bank of the Nigerian Authorized Dealer Bank, for transactions valid for foreign exchange as well as those requiring issuance of Certificate of Capital Importation and/or those involving supplier’s credit. The third copy should be forwarded to the Authorised Dealer Bank that validates the e-Form ‘M’. c) Similarly, in the case of Bills for Collection and Unconfirmed Letters of Credit, two sets should be forwarded either through the supplier’s bank or the offshore correspondent of the issuing bank, to the issuing bank, while the third copy is forwarded directly to the Nigerian Authorised Dealer bank. d) In the case of “Not-valid for foreign exchange” transactions, only two sets should be forwarded directly to the bank that validate the e-Form ‘M’. e) In the case of dutiable personal effects, two sets should be forwarded to the designated bank and if they are non-dutiable personal effects, the two sets should be forwarded to NCS. F. RESPONSIBILITIES OF AUTHORIZED DEALERS: These documents should be forwarded within 14 days after shipment. 1. Upon receipt of the third copy of the said documents, or copies received directly in the case of “Not-valid for foreign exchange” transactions or dutiable personal effect, authorised dealers shall upload all Final Import Documents to NCS for issuance of Pre-Arrival Assessment Report (PAAR). 2. The authorised dealer bank shall endorse all submitted Import Documents to NCS for the purpose of generating Pre-Arrival Assessment Report (PAAR) 3. In addition, for transactions involving foreign exchange transfer, the assessed value on Pre-Arrival Assessment Report (PAAR) shall be the amount payable. Where there is excess remittance, such must be repatriated within two weeks failing which appropriate sanction shall be imposed. 4. The authorised dealer is enjoined to bring the provisions of these guidelines to the attention of their customers (importers), correspondent banks, suppliers, etc for their compliance 5. The authorised dealer shall be guided by the provisions of Memorandum 27(x) of the Foreign Exchange Manual on the need to refer policy issues in respect of which they are in doubt to the Director, Trade and Exchange Department for clarification. 6. Furthermore, Authorized Dealers, Importers, Suppliers, Shipping Lines, Air Carriers, etc, are expected to ensure compliance with these guidelines as any breach and/or infraction shall attract appropriate sanction(s) in line with the provisions of the relevant guidelines, regulations and/or statutes. Authorised Dealers must keep and retain evidence of receipt of documents as outlined above for Bank Examiners. G. RESPONSIBILITIES OF SHIPPING LINES/OTHER CARRIERS 1. It shall be the responsibility of Shipping lines/air carriers to ensure that all goods being consigned for shipment to Nigeria are covered by appropriate e-Form ‘M’. 2. The e-Form M number MUST be reflected on the Bill of Lading, Airway Bill or Roadway bill for such goods. 3. An advance summary of the manifest of the cargoes must be made available to the NCS electronically immediately the vessel depart the last port of call. H. IMPORT DUTY PAYMENT 1. Importer shall continue to pay an administrative charge of 1% of FOB value of all imports based on the exchange rate on the approved e- Form ‘M’. 2. All imports shall continue to be assessed for duty at the C.I.F. value of the goods using the rate of exchange on the approved e-Form ‘M’. 3. It shall be the duty of the importer’s bank through which the e-Form ‘M’ was processed to collect the amount of import duty as assessed. The Import Duty payment shall continue to be restricted to the bank that opened the e-Form ‘M’ in line with the existing regulation. However, for non e-form ‘M’ transactions, payment can be made at any preferred authorized dealer bank. 4. The Designated bank will match printed assessment notice with the electronically received assessment notice for the SGD. If the information tallies the bank will receive payments and issue signed Bank receipt. 5. The Bank then sends an e-confirmation message to NCS acknowledging receipt of duty and taxes in respect of the SGD. 6. The designated bank shall continue to electronically transfer all payments to the respective pool accounts with CBN. I. DOCUMENTATION REQUIREMENTS FOR IMPORT PAYMENTS UNDER THE DESTINATION INSPECTION SLCHEME 1. Confirmed letters of Credit Original copies of: a) Registered e-Form ‘M’ b) CCVO c) Manufacturer’s Certificate with standards adopted stated thereon. d) Clean/Shipped on Board Bill of Lading/Airway bill/Roadway bill. e) Packing List f) Letter of credit instrument (tested). 2. Bills for Collection Transactions a) Registered e-Form ‘M’ b) SGD print out c) CCVO d) Attested Manufacturer’s Certificate e) Shipped / Clean on Board Bill of Lading/Airways Bill / Road waybill. f) Certificate of Insurance. g) Import Duty Payment receipt with SGD No. stated thereon. h) Bill history/Bill of exchange. i) Tally Sheet/Gate Pass. j) Packing List. 3. Documents to be submitted after clearance of goods: a) Pre-Arrival Assessment Report (PAAR). b) Single Goods Declaration (SGD) Print out. c) CCVO d) Copy of the packing list. e) Import Duty Payment receipt with the SGD number clearly stated thereon. f) Copy of the attested Manufacturer’s Certificate with Standards adopted stated thereon. g) Copy of Carrier Certificate. h) Laboratory test certificate for chemicals, food, beverages, etc. i) Terminal Delivery order. It should be noted that these documentation requirements for imports under Destination Inspection Scheme are part of the provisions of the Foreign Exchange Manual. Consequently, the relevant provisions on imports as they relate to the Comprehensive Import Supervision Scheme (CISS) are hereby amended by the provisions of these guidelines. J. CLEARANCE PROCEDURES The procedures outlined in this document may be subject to change as the project progresses. More features may be added or removed as infrastructures are improved upon. 1. Preparation of Single Goods Declaration (SGD): a. Declarants prepare the SGD with information derived from relevant documents e.g. Final Invoice, CCVO, Bill of Lading/Air way Bill/ Road waybill, Packing List, Permits (where necessary), Insurance, e-Form ‘M’, PAAR etc. (these documents are obtained by the importer from the bank at which the e-Form ‘M’ was validated). segundo. The SGD is prepared using a Private/Public DTIs and; • Capture SGD Information • Assess the SGD • Print the SGD and Assessment Notice **”Direct Trader Input (DTI) is the unique procedure for submitting electronic manifests to customs” • While capturing the SGD, specify the bank at which Customs Duty will be paid. It must be the bank indicated as the designated duty collection bank on the e-Form ‘M’. • If e-Form ‘M’ is not required Importer/Agent can pay at any preferred designated bank. • Take extreme care that the correct designated bank code as indicated on the e-Form ‘M’ is captured to enable the system send the Assessment to the appropriate bank. • After capturing the SGD correctly the Assessment option should be selected, an electronic message will be sent to the designated bank with details of what should be paid as customs duty and other charges. a. The Importer/Agent proceeds to the designated bank with the system generated Assessment Notice segundo. The Designated bank will match printed assessment notice with the electronically received assessment notice for the SGD. If the information tallies the bank will receive payments and issue signed Bank receipt. do. The Bank then sends an e-confirmation message to NCS acknowledging receipt of duty and taxes in respect of the SGD 3. Request for Release: a. After payment of Import duties and other charges at the bank, Importer/Agent will request for customs release through DTI segundo. NCS will release after Scanning or Physical examination. Note: The NCS system will not permit the release of goods if outstanding duty has not been fully paid.However, if any discrepancy is found, then it shall be entered into the Inspection Act, and the declaration is modified. If a dispute continues to exist, then dispute settlement mechanism are followed. These may include allowing the importer to clear his goods on bank indemnity, application for a tariff/valuation decision from the Tariff and Trade Department of NCS, an appeal to Honourable Minister of Finance, World Customs Organisation (WCO) or ultimately taking the dispute to a Court of competent jurisdiction. 4. Customs Control a. At the customs control, the release of consignment will be subject to selectivity of the Automated Customs Risk Management System. 5. Release of Consignment by Terminal Operator (T/O) a. After Customs have cleared the consignment Terminal Operators issue Exit Note to NCS. TRADE RELATIONS DIVISION HOME FINANCE DEPARTMENT FEDERAL MINISTRY OF FINANCE CENTRAL AREA, ABUJA Knocks for CBN forex policy Businessmen have rejected the recently-announced Central Bank of Nigeria (CBN) foreign exchange (forex) policy. The Lagos Chamber of Commerce and Industry (LCCI) said the CBN approach to the management of the foreign exchange market, especially the directive on the exclusion of 41 products, was worrisome. LCCI President Remi Bello said yesterday that the directive, with its multidimensional implications, would result in major disruptions, dislocations and panic among investors. He said many of the products on the list of the 41 are intermediate goods, which are critical inputs for many manufacturing firms and other critical sectors of the economy. “This development will put several investments at risk with implications for job losses, quality of loan assets in the banking system and the welfare of citizens,” he said. He listed some of the goods as iron rods, Cold Rolled sheets, wire rods, reinforcing Bars, Polypropylene granules, glass and glass ware. Construction, real estate, fabrications, housing, etc will be adversely affected, he added. He said: “A painstaking gap analysis to determine the domestic capacity for production vis a vis the demand should have preceded the policy decision by the CBN. “The list is prone to multiple definitions and discretionary interpretations by agencies and institutions responsible for implementation. “This discretionary interpretation would create room for corruption.” Yusuf said the alternative forex markets or the parallel market and the Bureaux de Change (BDCs) are not deep enough to meet the demand of the essential intermediate products on the exclusion list. Bello said the exclusion of the items from the forex market is as good as import prohibition. He alleged that the policy measure would lead to the widening of exchange differentials between the interbank markets and the parallel markets. The immediate consequence, he argued would be rampant round tripping of foreign exchange, which the CBN has limited capacity to curb. The LCCI boss said the CBN approach to forex allocation “appears administrative in nature, a system prone to abuse and considerable corruption. It could only be likened to the import licensing era of the early eighties,” he said. He added that the policy has far reaching implications for investors in fabrication, construction and real estate sectors. On the way forward, Bello suggested putting the policy on hold pending a proper study of the demand and supply gaps in the various sectors affected by this policy. He urged the CBN to focus more on the market fundamentals and as much as possible allow market mechanism to drive the allocation of foreign exchange. The closer the rate is to equilibrium, the better for the economy and less disruptive for investors, he said. Cisco's New NCS: Big Leap Into The 'Internet Of Things' Mercado. Sep. 26, 2013 3:50 PM • csco On September 24, 2013, Cisco (NASDAQ:CSCO ) introduced its Network Convergence System ("NCS") truly meant for the next wave of the Internet evolution "Internet of Everything", which includes machine to machine (M2M) applications that work over the connected network. Internet of everything (IoE) or Internet of things: IoE is an emerging buzz world in the networking and communication industry, IoE means the networked connection of people, data, processes and things; Where everything on a same network (person, device, application, system, etc) can anytime connect and interact with each other, not just manually, but also through the devices or applications, and can react to the particular events (mainly application generated events) that occur when something predefined happens or when an application from a connected device prompts another connected device to do something. This mostly includes M2M interactions. Examples of event driven and M2M communication include: Manufacturing equipment that sends warnings when something went wrong. ATM machines send instant information to remote servers about the amount withdraw. A GPS system tells the location of a vehicle, through a remote device, to a fleet operator. IoE business opportunity: The IoE finds its applications in the most industries, homes, businesses, vehicles, hospitals, etc. It helps in the more automation of systems and makes life easier and simple for its users. The IoE is gaining popularity due to various reasons like: Need of more automated systems. Availability of better, faster and more secure networks. The rising popularity of mobile devices. The ease of use. GSMA estimates (see the chart below) connecting 24 billion devices by 2020, while Cisco estimates it at about 50 billion objects, by 2020. Even if one takes the lower estimate (GSMA estimate); Even then the number of devices connected through the Internet is expected to grow at an exceptional rate. IoE will create trillions of programmed device-driven events in the next decade and will create a multibillion-dollar business opportunity for the service providers. The business opportunities will be huge, particularly, in certain vertical markets (see the chart below), such as: Healthcare, automotive, consumer electronics, utilities, etc. The estimated opportunity for mobile network operators in 2020 shall be $1.2 trillion. To meet the IoE requirements the Internet networks all over the world require not only to scale the bandwidth, but also needs to process, analyze and deliver the event-related information securely that too within an expected timeframe. Moreover, as per GSMA announcement. by 2018 globally the mobile operators will earn more data revenues as compare to voice revenues (see the table below) mainly due to rise in the number of connected devices and M2M communications, this rise in M2M communication will drive the growth for IoE infrastructure. Cisco's new Network Convergence System: The latest NCS introduced by the company is truly meant for IoE as its processing speed and response time is much faster than most of the existing systems. The new NCS will work as a fabric, so it can be easily integrated in the existing infrastructure, and will manage the data flow of the connected network. Scale and speed of the new NCS is incredible. As stated by the company: "The NCS is capable of transporting the entire Netflix library in less than one second." Not just the data-transfer speed but the NCS can also manage the network resources for optimal use. "The NCS extends, connects, controls and responds to applications, networks and data centers by managing and moving network and compute resources wherever and whenever they are needed across the architecture, in real time." Cisco once again is setting up a new benchmark in the networking and communication industry and this time it's huge on all parameters like capacity, speed, etc. It may well be the beginning of new era in networking management and control as the system is capable of managing network resources on a real-time basis which practically means that the system is not only fast but also intelligent enough to differentiate between devices, systems and applications on its own. So, the system can, not only address the needs of IoE, but due to its speed and intelligence, in the future it can serve the requirements of software defined networking (SDN) and routing. As stated by the company: "When deployed as part of the Cisco ONE Service Provider Architecture, which embraces and extends SDN/NFV, the Cisco NCS family can help network operators reduce total cost of ownership by 45 percent while consuming 60 percent less power." The new system is not only most advanced but also is cost-effective. As stated by KDDI, an early adopter of Cisco's new NCS system: "KDDI believes the Cisco NCS is the foundation for a new generation of Internet networks that will allow us to offer our consumer and business customers the newest and most exciting Internet experiences at a very low total cost of ownership." The newly introduced NCS shows that how well Cisco's management understands the industry as also why it shall continue to lead the industry towards new horizons. Once again, I take it as a proof that the company is firmly following its aggressive growth strategy, which I consider as a key reason behind the future growth potential of the company. Business-wise, with this NCS, Cisco has taken a big leap in Converge Infrastructure market as also now the company is a first serious player in the IoE infrastructure market with the technology that is way ahead of its competitors. Now, the company shall be a key infrastructure provider for fast evolving multibillion-dollar IoE market that holds an exceptional long-term growth potential. In Converge Infrastructure market, which is expected to reach $402 billion by 2017 (see the chart below), now the company shall be a more dominant player among other major converge infrastructure providers like HP (NYSE:HPQ ), IBM (NYSE:IBM ), Intel (NASDAQ:INTL ), etc. Disclaimer: Investments in stock markets carry significant risk, stock prices can rise or fall without any understandable or fundamental reasons. Enter only if one has the appetite to take risk and heart to withstand the volatile nature of the stock markets. This article reflects the personal views of the author about the company and one must consult its financial adviser before making any decision. Divulgación: No tengo posiciones en ninguna de las acciones mencionadas, y no planeo iniciar ninguna posición dentro de las próximas 72 horas. Escribí este artículo yo mismo, y expresa mis propias opiniones. No estoy recibiendo compensación por ello (que no sea de Buscando Alpha). No tengo ninguna relación comercial con ninguna compañía cuyas acciones se mencionan en este artículo. Lea el artículo completo Looking for high-potential stocks? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 5.2% in the 12 months ending October 30, with more than 51% of the stocks in the index failing to beat the benchmark. Therefore, the odds that one will pin down a winner by randomly picking a stock are less than the odds in a fair coin-tossing game. Conversely, hedge funds’ 30 preferred S&P 500 stocks (as of September 2014) generated a return of 9.5% during the same 12-month period, with 63% of these stock picks outperformed the broader market benchmark. Coincidence? It might happen to be so, but it is unlikely. Our research covering a 16-year period indicates that hedge funds’ stock picks generate superior risk-adjusted returns. That’s why we believe it is wise to check hedge fund activity before you invest your time or your savings on a stock like NCI Building Systems, Inc. (NYSE:NCS ) . Is NCI Building Systems, Inc. (NYSE:NCS) the right investment to pursue these days? Money managers are getting more bullish. The number of long hedge fund bets improved by 8 lately. At the end of this article, we will also compare NCI Building Systems, Inc. (NYSE:NCS) to other stocks, including Net 1 UEPS Technologies Inc (NASDAQ:UEPS ), Constant Contact Inc (NASDAQ:CTCT ), and Innophos Holdings, Inc. (NASDAQ:IPHS ) to get a better sense of its popularity. Follow Nci Building Systems Inc (NYSE:NCS) Follow Nci Building Systems Inc (NYSE:NCS) In the financial world, there are many indicators market participants use to value publicly traded companies. A duo of the most underrated indicators are hedge fund and insider trading interest. Our researchers have shown that, historically, those who follow the best picks of the top hedge fund managers can beat the market by a solid margin (see the details here ). Keeping this in mind, let’s take a look at the latest action regarding NCI Building Systems, Inc. (NYSE:NCS). How are hedge funds trading NCI Building Systems, Inc. (NYSE:NCS)? At the end of September, a total of 25 of the hedge funds tracked by Insider Monkey held long positions in this stock, an increase of 47% from one quarter earlier. With the smart money’s capital changing hands, there exists a select group of notable hedge fund managers who were boosting their stakes considerably (or already accumulated large positions). According to Insider Monkey’s hedge fund and institutional investor database, Rutabaga Capital Management. managed by Peter Schliemann, holds the number one position in NCI Building Systems, Inc. (NYSE:NCS). Rutabaga Capital Management has a $20.8 million position in the stock, comprising 2.6% of its 13F portfolio. Sitting at the No. 2 spot is Royce & Associates. led by Chuck Royce, holding a $16.5 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other hedge funds and institutional investors with similar optimism encompass Israel Englander’s Millennium Management, Robert Hockett’s Covalent Capital Partners, and Renaissance Technologies. Couldn't Make It To The New Jersey Seminar? 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Photo: agronigeria The Nigeria Customs Service (NCS) intends to consult with Central Bank of Nigeria (CBN) over the possible review of the bank’s monetary policy on foreign exchange affecting customs revenue generation. The Service Public Relations Officer, Mr Wale Adeniyi, said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. He said the consultation was to see how the policy could be fine-tuned to take care of the negative impact on customs revenue without necessarily negating the objective of the policy. “What customs is doing is to start engagement from the government agency to government agency; so we are going to be talking to CBN first to see what can be done in terms of review of policy. “We all understand the objective of the policy but we don’t want a policy that will achieve one objective on one side and create some disruption and problem on the other. “The objective of our consultation with CBN will be to see how we can fine-tune the policy to take care of the negative impact it is creating for our (customs) revenue without necessarily negating the objective of the policy itself. “So we will start with that and we hope we will get some positive outcome, mutually beneficial solution to the issue. “It is only if we don’t get beneficial solution that we hope to take the matter to higher authorities,’’Adeniyi said. NAN recalled that the Comptroller-General of Customs, retired Col. Hameed Ali, said that the shortfall of N240 billion in customs revenue target was due to CBN monetary policy which banned 41 items on the Forex. Ali said that the service only generated N903 billion out of its N954 billion revenue target in 2015 due to the policy. “If you remember CBN policy on 41 items; when we did our analysis, the policy has denied us money to the tune of N240 billion. “So if we add that to what we have generated, it would have surpassed what we have. “So that is the downside of why we were not able to meet the target in 2015; but hopefully with all the tools we put in place and I hope that government will once again look at those policies and see how they can be fine-tuned,’’ Ali said. También te puede interesar By Our Reporter On 26/01/2016 04:07:08 AM Alarmed by the drop in its revenue expectation for last year and to forestall a reoccurrence, the Nigeria Customs Service (NCS) is poised to push a proposal to the Central Bank of Nigeria (CBN) to review its foreign exchange policy. The News Agency of Nigeria (NAN) quoted the NCS Public Relations Officer, Mr Wale Adeniyi, as saying that the consultation would explore a fine-tuning of the policy to address aspects that affect the agency’s revenue without eroding the policy’s objective. Customs had announced a shortfall of N240 billion from its revenue target of N954 for 2015, blaming the drop on the apex bank’s remedial monetary policy, which excluded 41 import items from the official forex window. According to Adeniyi, the Customs wants to engage government agencies, beginning with the CBN, “to see what can be done in terms of review of policy. “We all understand the objective of the policy but we don’t want a policy that will achieve one objective on one side and create some disruption and problem on the other. “The objective of our consultation with CBN will be to see how we can fine-tune the policy to take care of the negative impact it is creating for our revenue without necessarily negating the objective of the policy itself. “So, we will start with that and hope we get some positive outcome, a mutually beneficial solution to the issue. It is only if we don’t get beneficial solution that we hope to take the matter to higher authorities.” Comments expressed here do not reflect the opinions of Authority newspapers or any employee thereof. Business Nigeria Loses N7bn Over CBN's Staunch Forex Policies NigerianBulletin.com es uno de los principales destinos en línea de Nigeria para las últimas noticias y actualizaciones de tendencias nigerianas, artículos útiles y una comunidad que comparte la mejor y más reciente información sobre Nigeria y las cosas que afectan a los nigerianos. Algunos de los temas que cubrimos incluyen noticias políticas nigerianas, metro, deportes, negocios y entretenimiento. Además ofrecemos artículos sobre carreras, salud, tecnología, viajes y dinero. Estos artículos están diseñados para ayudar a los nigerianos a tomar decisiones informadas en sus vidas personales y profesionales. Privacy Terms Nigerian Bulletin. Copyright 2015. The Nigeria Customs Service (NCS) has said it generated N903 billion as revenue in 2015, a figure that is N240 billion short of its target. But its Comptroller General, Hameed Ali, who disclosed this on the sidelines of the decoration ceremony of newly elavated customs management staff in Abuja said the Customs had a revenue target of N954 billion. He attributed the shortfall of N240 billion to Central Bank of Nigeria’s (CBN) monetary policy which, earlier in the year, placed 41 items listed on the forex prohibition list. His words: “In terms of revenue generation, we have a target of N954 billon. But as at today, we have generated N903 billion. If you remember CBN policy on 41 items; when we did our analysis, the policy denied us money to the tune of N240 billion. “So if we add that to what we have generated, it would have surpassed our target. So that is the downside of CBN foreign exchange policy and why we were not able to meet the target in 2015, but hopefully with all the tools we put in place and I hope that government will once again look at those policies and see how they can be fine-tuned. “I believe that we will surpass whatever target that has been given to us,’’ Ali said. Fed Govt loses N7b to CBN’s forex policy The exclusion of some items from foreign exchange (forex) transactions by the Central Bank of Nigeria (CBN) has affected the revenue generation profile of the Nigeria Customs Service (NCS). The Apapa Area 1 Command of the NCS yesterday, announced a dip in its monthly revenue collection for September. The Command said it collected N23.3 billion as revenue in September, far below the N30.1 billion collected in August, according to a report signed by its Area Controller, Comptroller Eporwei Edike. The N7billion decline was blamed on the exclusion of some items from foreign exchange transactions by the CBN. The apex bank in July published a list of items for which forex will no longer be sourced from the banking system. The list included rice, cement, clothes, textiles, toothpick, poultry products, meat and processed meat, margarine, palm kernel/palm oil and vegetable oils, private airplanes/jets, tinned fish, incense and wooden doors. Others are soaps and cosmetics, tomato/tomato paste, woven fabrics, table ware, kitchen utensils, furniture, plywood boards and panels, wood particle boards and panels, and glassware. Cold rolled steel sheets, galvanised steel sheets, wire mesh and steel nails were also on the list. Apapa Customs revenue collection showed that N12.6 billion went into the Federation Account in September, comprising import duty, fees and Common External Tariffs (CET). Under the Non-Federation Account, the command generated N10.7 billion from five per cent Value Added Tax (VAT); seven per cent Port Levy, and 0.5 per cent Economic Community of West African States (ECOWAS) Trade Liberalisation Scheme (ETLS). Share This: Thursday's Options Update: AIG, IMMU, XHB, NCS Aug. 27, 2009 10:06 PM American International Group, Inc. (NYSE:AIG ) – Investors displayed what can only be described as options-mania today as more than 411,000 contracts (and rising) were traded on the stock by lunchtime. Shares have exploded upwards by more than 28% to stand at the current price of $48.46. Option implied volatility, or the measure of investor uncertainty, jumped up from 114% at the opening bell to the current reading of 150%. Near-term uber-bulls were observed purchasing more than 7,500 calls as high as the September 70 strike price for an average premium of 1.20 apiece. The call premium at that strike – the highest strike price listed for the stock – has nearly doubled during the trading session. Early-bird rewards were apparent as traders who acted first thing this morning (around 10:30 am EDT) were able to purchase the same calls for just 36 cents each. Another trade of note was a bullish reversal established in the November contract. An investor shed 7,500 puts at the November 27 strike price for a premium of 2.50 apiece in order to partially finance the purchase of 7,500 calls at the higher November 55 strike for 4.10 each. The net cost of purchasing the calls was reduced to 1.60. Thus, this individual will begin to realize profits if AIG continues higher by 17% to breach the breakeven point at $56.60 by expiration in November. & Ndash; Immunomedics, Inc. (NASDAQ:IMMU ) – The biopharmaceutical company’s shares have surged 60% higher to reach a new 52-week high of $6.82. Bullish movement in the stock was fueled by news regarding the firm’s experimental epratuzumab drug. Apparently, the drug showed a clinically “meaningful treatment effect” as compared with the placebo in patients with lupus. Option traders responded by positioning for continued upward momentum in IMMU. Call options were coveted at the near-term September 7.5 strike price more than 5,600 times for an average premium of 43 cents per contract. Investors holding the calls are hoping to see the stock rise 16% higher to surpass the breakeven point at $7.93 by expiration next month. Additional bullish action was observed at the November 5.0 strike price where traders shed 2,900 puts for 46 cents a-pop. Perhaps these individuals doubt that shares will slip beneath $5.00 by November’s expiration day. Thus, they are happy to receive the 46 cents premium in exchange for bearing the risk that shares of the underlying are put to them for an effective price of $4.54 apiece. SPDR Homebuilders ETF (NYSEARCA:XHB ) - Shares of the homebuilders exchange-traded fund have edged 1.5% lower to stand at $15.59. An investor hoping for a significant recovery in the fund by expiration in December took a bullish stance on the XHB today. It appears that this individual sold 5,000 puts short at the December 11 strike price for 22 cents premium in order to partially finance the purchase of a bull call spread. The spread involved the purchase of 2,500 calls at the December 18 strike for 57 cents apiece against the sale of 2,500 calls at the higher December 20 strike for 18 cents each. The investor receives a net credit of one nickel per contract on the combination play, which he will retain in full as long as shares remain higher than $11.00 through expiration. Additional profits will begin to amass if the ETF rallies 15% from the current price to top $18.00. Maximum potential profits of 2.05 are available to this investor if the XHB surpasses $20.00 by expiration day. NCI Building Systems, Inc. (NYSE:NCS ) - The North American manufacturer of products for the construction industry appeared on our ‘hot by options volume’ market scanner this morning. The stock was ravaged early in the trading session and suffered massive declines to reach an intra-day low of about $2.17. Shares have recovered somewhat and are currently off by 25% to $2.62. Some option traders took bearish action on NCS and sold about 2,000 December 2.5 strike calls for 42 cents each in order to fund the purchase of 2,000 puts at the same strike for 1.27. The net cost of the pessimistic reversal play amounts to 85 cents per contract and begins to yield profits beneath the breakeven price of $1.65. Conversely, one contrarian trader hoping for a recovery by the start of next year looks to have established a covered call in the January 2010 contract. He appears to have purchased shares of the underlying in conjunction with the sale of 7,000 calls at the January 2.5 strike for a premium of 35 cents each. The investor has reduced the price of getting long the stock by the premium received for a net cost of approximately $1.97 apiece. The short call position provides an effective exit strategy for the trader in the event that shares rally higher than $2.50 by expiration. If this occurs, he will have banked gains of 27% by initiating the covered call today. Lea el artículo completo JavaScript is disabled on your browser. Please enable JavaScript to use this site. Acerca de Parent Organization: North Carolina State University The objective of the Investors' Association (IA) is to further the financial investment knowledge of our members, network with financial professionals, and improve professional skills. We will be discussing different investment vehicles such as Stocks, Mutual Funds, ETFs, Bonds, Forex, Futures, Commodities, Options, and Real Estate! This organization is very unique because our members will have the opportunity to invest their own, real money into the markets and watch their money grow! If you have any interest in learning about investing money, this organization is for you! We will also participate in a stock market simulator competition against other schools! If you are looking for a great resume builder, the IA will be very impressive for future employers to see. There are many leadership opportunities in our organization. Also, there will be Pizza and other foods at most of our meetings (great reason to show up)! Please LIKE our Facebook page for important updates and reminders: www.facebook.com/TheIAatNCState Candlecharts Academy Home About Support Your Library Student Login Get The Best Candlestick Training Available Anywhere No matter what you trade, now you can get the best candlestick training in one place. Members of the Candlecharts Academy love getting access to all of our training with just one password. Plus, students get special discounts on all of our training here inside the Academy. And you can see everything on whatever device you prefer – computer, tablet, or even your phone. ¿No eres miembro todavía? It's fast and easy to claim your free training below right now. Get Your Free Training Now Get Your Free Candlestick Training Now Get Instant Access We value your privacy and would never spam you Your free account gives you: Get Steve Nison's most important trading rule The 4 Common (and Costly!) Mistakes Almost Every Trader Makes Improve your analysis skills with our Chart Challenges Test your knowledge with interactive quizzes Receive informative market updates Private webcasts where we analyze US and FX markets of your choice Ongoing education added regularly Special student pricing on all products inside the Academy Value: $279 (get all of it free now) Students Login Here Copyright 2016 - Candlecharts Academy - All Rights Reserved Fed Govt loses N7b to CBN’s forex policy T he exclusion of some items from foreign exchange (forex) transactions by the Central Bank of Nigeria (CBN) has affected the revenue generation profile of the Nigeria Customs Service (NCS). The Apapa Area 1 Command of the NCS yesterday, announced a dip in its monthly revenue collection for September. The Command said it collected N23.3 billion as revenue in September, far below the N30.1 billion collected in August, according to a report signed by its Area Controller, Comptroller Eporwei Edike. The N7billion decline was blamed on the exclusion of some items from foreign exchange transactions by the CBN. The apex bank in July published a list of items for which forex will no longer be sourced from the banking system. The list included rice, cement, clothes, textiles, toothpick, poultry products, meat and processed meat, margarine, palm kernel/palm oil and vegetable oils, private airplanes/jets, tinned fish, incense and wooden doors. Others are soaps and cosmetics, tomato/tomato paste, woven fabrics, table ware, kitchen utensils, furniture, plywood boards and panels, wood particle boards and panels, and glassware. Cold rolled steel sheets, galvanised steel sheets, wire mesh and steel nails were also on the list. Apapa Customs revenue collection showed that N12.6 billion went into the Federation Account in September, comprising import duty, fees and Common External Tariffs (CET). Under the Non-Federation Account, the command generated N10.7 billion from five per cent Value Added Tax (VAT); seven per cent Port Levy, and 0.5 per cent Economic Community of West African States (ECOWAS) Trade Liberalisation Scheme (ETLS). As aggregate interest increased, key hedge funds were breaking ground themselves. Ellington. managed by Mike Vranos, assembled the most outsized position in NCI Building Systems, Inc. (NYSE:NCS). Ellington had $0.7 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also initiated a $0.7 million position during the quarter. The following funds were also among the new NCS investors: Neil Chriss’ Hutchin Hill Capital, Joel Greenblatt’s Gotham Asset Management, and Ken Brodkowitz and Mike Vermut’s Newland Capital. Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as NCI Building Systems, Inc. (NYSE:NCS) but similarly valued. We will take a look at Net 1 UEPS Technologies Inc (NASDAQ:UEPS), Constant Contact Inc (NASDAQ:CTCT), Innophos Holdings, Inc. (NASDAQ:IPHS), and Saia Inc (NASDAQ:SAIA ). This group of stocks’ market caps matches NCI Building Systems, Inc. (NYSE:NCS)’s market cap. No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position As you can see, these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $152 million. That figure was $79 million in NCI Building Systems, Inc. (NYSE:NCS)’s case. Innophos Holdings, Inc. (NASDAQ:IPHS) is the most popular stock in this table. On the other hand, Constant Contact Inc (NASDAQ:CTCT) is the least popular one with only 17 bullish hedge fund positions. Compared to these stocks, NCI Building Systems, Inc. (NYSE:NCS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio. Biotech Insider Alert - $5 Stock To Hit $40 $200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300) Related Insider Monkey Articles Hedge Fund Resource Center Billionaire Hedge Funds Soros Fund Management Icahn Capital LP Appaloosa Management LP Paul Tudor Jones Tudor Investment Corp Loading Next Article We could not load the next article. Por favor, inténtelo de nuevo más tarde. All text and design is copyright ©2016 Insider Monkey. Todos los derechos reservados. ¡Gracias! An email with instructions is sent to ! Your email already exists in our database. Click here to go to your subscriptions Insider Monkey returned 102% in 3 years. Wondering How? Download a complete edition of our newsletter for free! By Our Reporter On 26/01/2016 04:07:08 AM Alarmed by the drop in its revenue expectation for last year and to forestall a reoccurrence, the Nigeria Customs Service (NCS) is poised to push a proposal to the Central Bank of Nigeria (CBN) to review its foreign exchange policy. The News Agency of Nigeria (NAN) quoted the NCS Public Relations Officer, Mr Wale Adeniyi, as saying that the consultation would explore a fine-tuning of the policy to address aspects that affect the agency’s revenue without eroding the policy’s objective. Customs had announced a shortfall of N240 billion from its revenue target of N954 for 2015, blaming the drop on the apex bank’s remedial monetary policy, which excluded 41 import items from the official forex window. According to Adeniyi, the Customs wants to engage government agencies, beginning with the CBN, “to see what can be done in terms of review of policy. “We all understand the objective of the policy but we don’t want a policy that will achieve one objective on one side and create some disruption and problem on the other. “The objective of our consultation with CBN will be to see how we can fine-tune the policy to take care of the negative impact it is creating for our revenue without necessarily negating the objective of the policy itself. “So, we will start with that and hope we get some positive outcome, a mutually beneficial solution to the issue. It is only if we don’t get beneficial solution that we hope to take the matter to higher authorities.” Comments expressed here do not reflect the opinions of Authority newspapers or any employee thereof. Aderounmu, NCS President Asks FG to Deepen ICT Growth ‎Professor Adesola Aderounmu, president, Nigeria Computer Society (NCS), ‎being decorated by the immediate past president, Professor David Adewumi, while other past president watch. Contém uma Professor Adesola Aderounmu, president, Nigeria Computer Society (NCS), has urged the federal government to speed up measures to deepen Information Technology (IT) growth in the country. Aderounmu made the call at his investiture on Friday in Lagos, as the 13th President of NCS and the inauguration of the 19th national executive council (NEC). According to him, no nation can grow faster than the level of its IT growth in the modern day economy. He said, all over the world, IT is a major driver of the economy and deserves to be accorded its deserved position by the President Muhammadu Buhari led government. ‎"In China today, it is good to know how IT has helped to advance the country's economy. Same can be said of the trio of Israel, India and Ireland with substantial part of their foreign earnings from software export. ‎"We hope, early in the life of this administration, in collaboration with relevant government agencies, especially NITDA to convoke an all-inclusive IT Stakeholders' meeting to chat the path for IT in Nigeria," he said. Aderounmu was elected as NCS President on July 24, 2015, during NCS international conference in Ondo State. He said that in the next two years NCS will focus on three key area including, IT advocacy; Research and Development and NCS Physical presence. "The welfare of our members is central to this administration. As such, we will provide platforms for capacity building, employment generation and wealth creation," he said. Aderounmu‎ holds B.Sc (hons) in Computer Engineering, M.Sc in Computer Science and Ph.D in Computer Science, all from the famous Obafemi Awolowo University (OAU), Ile-Ife, Osun State. He is an active member‎ of the Computer Professional (Registration Council) of Nigeria (CPN); member, Nigerian Society of Engineers (mNSE), and member, Council for Regulation of Engineering in Nigeria (COREN). His professional accomplishments/grants/Awards and contributions ‎to the IT development in Nigeria include, but not limited to African Centre of Excellence World Bank grant (institutions) for OAU ICT Driven Knowledge Park; TEFund Research Grant; ETF group research grant; entre otros. The newly inaugurated NEC members of NCS include Veronica Owolabi, deputy president, Mr. Jide Awe, chairman, Conferences Committee, Mr. Kola Jagun, chairman, Credentials, Michael Olajide, chairman, Publicity, Events and Trade Services, Olorogun James, chairman, Audit Committee and Afolayan Obiniyi. Sección NCS Unveils Theme, ‎Calls for Papers for 26th National Conference Security is one of the most critical issues in Nigeria. In the 21st century, nations invest in Information Technology as the key enabler for National Security. Mr Jide Awe, chairman, ConferencesCommittee, Nigeria Computer Society (NCS)‎, in a blog post said that the 26th National Conference will provide a multi-stakeholder forum to examine pertinent considerations in achieving IT enabled Security to advance and achieve Sustainable Development. 'Engagement opportunities will be explored during the Conference to present and develop effective strategies, creative approaches and practical solutions. The Conference intends to bring together academics, innovators, researchers, entrepreneurs, IT practitioners, policy makers in government and business people,' Awe said. Theme for this year's conference is: 'Information Technology for National Safety and Security', while the sub themes are National Database – Integral to National Security; Information Technology and the National Security Strategy; Universal Broadband Access – the Security Imperative Information Technology as an Indispensable Security Tool – Terrorism in Focus and Smart Governance and Anti-Corruption through Information Technology. Others National Security Dimension of Youth Innovation and Software Development; Cybercrime, Cyberwarfare and Cybersecurity; Digital Human Capital Requirements in the 21st Century; Social, Mobile, Analytics (Big Data) and Cloud Computing (SMAC). Call for Papers: Awe said, authors are invited to submit their full papers in English on original work for publication and presentation at the NCS 26th National Conference. He said that 'All submitted papers will be peer reviewed by highly qualified panel of reviewers. The authors are requested to submit full paper of their original and unpublished work not later than Friday, February 26, 2016'. Instructions to Authors: 'Authors are invited to submit their full papers in English on original work intended for presentation at the Conference. Paper acceptance will be based on full paper submission; Papers must have relevance to one or more of the sub-themes listed and Initial submission must not include the authors’ names and affiliations. However, full details of authors (names, addresses and e-mails) must be included in the final camera-ready copy. ‎ 'All papers must be submitted electronically as an attachedMicrosoft Word document (.doc). Full papers should be mailed directly to: [email protected] with the title of the paper as the subject. 'Where there are multiple authors, only one can enjoy the 20% discount and at least one author must pre-register to qualify for inclusion of paper in conference proceedings; ‎Paper acceptance will be reconfirmed after necessary corrections / modifications by reviewers have been fully carried out; 'Only full papers received on schedule will be considered Selected papers may be considered for publication in International Journals, including the Journal of Computer Science and Its Applications, published biannually by Nigeria Computer Society. ‎ 'All submitted papers to NCS conferences must be previously unpublished and may not be considered for review or publication somewhere else during the period at which such papers are undergoing NCS review,\' said while further details are available on NCS website. Sección NCS roots for IT Ministry GOVERNMENT Image: Visafone Chairman Jim Ovia; Provost, College of Fellows, NCS, Oladimeji Ogunewe; and NCS President Demola Aladekomo. By BiztechAfrica By Kokumo Goodie, Lagos, Nigeria Despite President Goodluck Jonathan’s creation of a Federal Ministry of Communications Technology about three years ago, the stakeholders believe Nigeria also needs an IT Ministry. IT practitioners in the country, acting under the aegis of the Nigeria Computer (NCS) insist that the creation of an IT Ministry is the only way the nation can fully optimise the huge potential embedded in the industry. Provost, College of Fellows, NCS, Oladimeji Ogunewe, argued that since the core of information communication technology (ICT) is IT, it becomes imperative that the Federal Government take a second look at the issue of creating an IT ministry. This, he said, will not only give the practitioners a sense of belonging but allow them to participate fully in the design and implementation of IT infrastructure in the country. He spoke on the sidelines of the conferring of an honorary Fellowship Award on Jim Ovia, chairman of Visafone Communications Limited. Ovia was also founder of Zenith Bank of Nigeria, one of the leading financial institutions in the country. “The core of ICT is IT. So anything you do, in the IT profession is computer based. Okay we believe in putting emphasis on the core knowledge usage of where IT comes from, (which is) computing machinery. Most of what we do in IT now is training. We want to be part of adding value to IT and you can only get that when you are a core participant, part of the design of IT infrastructure. “I believe we can get there faster if we concentrate on IT, all other things will be added unto you but again some school of thought talks of convergence but it’s like six of one and half a dozen of the other. No big issue but our preference is for us to concentrate on core (IT) as a condition for participating in ICT usage worldwide. It is when you begin designing and manufacturing of the infrastructure of IT that your value addition can be patronised by other companies,” él dijo. He lamented that because of the absence of an IT Ministry, indigenous original equipment manufacturers (OEMs) were struggling to survive. “Even some of our senior colleagues who are manufacturing, there is a lot to get if government were to give total concentration to them to do what they are doing. “There are so many infrastructural tools that if you are chasing after as individuals, it will be hard to achieve but if government gives the enabling platform like IT parks and others, this will allow for concentration on adding value and not re-inventing the wheel,”Ogunewe said. Etiquetas Share the News Search News MORE GOVERNMENT NEWS Reps draw battle line with AGF over MTN fine The lower legislative chamber, the House of Representatives has drawn the battle line with Nigeria’s chief law officer, the Attorney-General of the Federation and Minister of Justice, Abubakar Malami over the fine imposed on MTN by the Nigerian Communications Commission (NCC). Lee mas ICH gets legal backing from Ghana’s parliament The operation of the Interconnect Clearinghouse (ICH) in Ghana has finally received a parliamentary approval following the passing of the Electronic Communication (Amendment) Bill, 2016 into law. Lee mas MTN Nigeria formally withdraws suit against NCC MTN Nigeria this week said it had kept its promise to act in good faith and withdraw the court case it instituted against its regulator. Lee mas Why regulatory services ban on MTN was lifted The Nigerian Communications Commission (NCC) has lifted the ban on regulatory services which it placed on MTN Nigeria for several regulatory infractions. Lee mas NCA Signs MOU with ICTA of Turkey Ghana’s National Communications Authority has signed a Memorandum of Understanding with the Information Technologies and Communications Authority of Turkey. Lee mas Ghana’s Communications Ministry takes charge of Flagstaff Communications The Chief of Staff at the Ghana’s presidency the Flagstaff House, Mr Julius Debrah, has appointed the Ministry of Communications to take over all communications at the Flagstaff House with immediate effect. Lee mas Call tariff to enhance connectivity, say ComTech, LASIMRA Nigeria’s Ministry for Communications Technolog and the Lagos State Infrastructure Maintenance and Regulatory Agency say lower call tariffs would narrow the digital divide. Lee mas Kenya campaigns for top UN agency seat Kenya has kicked off its campaign for a second term for the top seat of the Universal Postal Union (UPU), the United Nations specialized agency for postal and courier sector. Lee mas Nigeria not selling NIPOST, says ComTech Minister Nigeria’s ComTech Minister, Barr Adebayo Shittu, has assured that NIPOST will not be privatised but will be transformed to make it contribute significantly to Federation Account. Lee mas NCC affirms payment of N50b by MTN The Nigeria Customs Service (NCS) intends to consult with Central Bank of Nigeria (CBN) over the possible review of the bank’s monetary policy on foreign exchange affecting customs revenue generation. The Service Public Relations Officer, Mr Wale Adeniyi, said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. He said the consultation was to see how the policy could be fine-tuned to take care of the negative impact on customs revenue without necessarily negating the objective of the policy. “What customs is doing is to start engagement from the government agency to government agency; so we are going to be talking to CBN first to see what can be done in terms of review of policy. “We all understand the objective of the policy but we don’t want a policy that will achieve one objective on one side and create some disruption and problem on the other. “The objective of our consultation with CBN will be to see how we can fine-tune the policy to take care of the negative impact it is creating for our (customs) revenue without necessarily negating the objective of the policy itself. “So we will start with that and we hope we will get some positive outcome, mutually beneficial solution to the issue. “It is only if we don’t get beneficial solution that we hope to take the matter to higher authorities,’’Adeniyi said. NAN recalled that the Comptroller-General of Customs, retired Col. Hameed Ali, said that the shortfall of N240 billion in customs revenue target was due to CBN monetary policy which banned 41 items on the Forex. Ali said that the service only generated N903 billion out of its N954 billion revenue target in 2015 due to the policy. “If you remember CBN policy on 41 items; when we did our analysis, the policy has denied us money to the tune of N240 billion. “So if we add that to what we have generated, it would have surpassed what we have. “So that is the downside of why we were not able to meet the target in 2015; but hopefully with all the tools we put in place and I hope that government will once again look at those policies and see how they can be fine-tuned,’’ Ali said. SPONSORED: How To Get FLAT Belly In Just 9 DAYS. CLICK HERE! My Husband Used 'THIS' & Lasts 38 MINUTES In BED! How I BURNT BELLY FAT In Simple NATURAL Ways TOP SECONDARY SCHOOLS IN OYO STATE (PART 1) Oritamefa Baptist Model Schools, Ibadan. CLICK HERE! Bodija International College, Ibadan. CLICK HERE! King's International College, Ibadan. CLICK HERE! Seed Of Life College, Ibadan. CLICK HERE! Adesina College, Ibadan. CLICK HERE! Cenfex High School, Ibadan. CLICK HERE! Copyright © 2016 Nigerian Tribune. Todos los derechos reservados. Thoughts on CBN’s policy measures to address Forex concerns Friday, June 26, 2015 16:18 PM / DLM Nigeria’s economy is sensitive to oil price shocks, to the extent that any development in the domestic and international oil markets has a ripple effect on most macro-economic indicators. In view of the aforementioned, the naira has come under immense pressure which has been largely sustained since August 2014 with the apex bank implementing strategies in a bid to maintain exchange rate stability. We note the various policy measures that have been introduced by the CBN in recent months to ease the significant pressure on the naira with the movement of the midpoint of the official window of the foreign exchange market to N168/$1 in November 2014 and the closure of the RDAS/WDAS foreign exchange window in February 2015 being noteworthy. The closure of the RDAS/WDAS in our view offered some respite to the financial markets and significantly slowed down the rate of depletion of reserves - significantly lower than the rate of depletion of 13.12% seen between January and March 2015. We also observed a slight accretion to the external reserves in May 2015 as it rose on a month-on-month basis for the first time in nine months. Renewed pressure on the naira yet again with the resultant increased funding of the foreign exchange market raising concerns on weakening external reserves. We note the renewed pressure on the naira in recent weeks which has exacerbated the depletion of the nation’s external reserves as the CBN remains keen on defending the naira. This is further supported by the fact that external reserves have steadily declined in the last one month to current level of $29.03billion – the lowest in over 54 months considered. The weakening of fiscal buffers raises significant concerns as it increases the economy’s reliance on portfolio flows which is a key driver of risk of exchange rate stability. Key highlights of the recent CBN circular. In a circular released by the CBN on the 23rd of June 2015, importers of selected goods and services (41 items) were excluded from accessing foreign exchange at the Nigerian foreign exchange markets. They include: rice, cement, margarine, palm kernel/ palm oil products/ vegetable oils, meat and processed meat products, poultry - chicken, eggs, turkey, private airlines/ jets, furniture, toothpicks, textiles, woven fabrics, clothes, plastic and rubber products, soap and cosmetics, tomatoes/ tomatoes paste and euro bond/ foreign currency bond/ share purchases amongst others. We believe this is in reaction to the increasing demand for foreign currency from the CBN which increases the funding of the foreign exchange market and invariably the rapid depletion of the nation’s reserves. Whilst we understand the rationale of this move considering the huge amount of foreign currency needed to facilitate these transactions given that Nigeria largely remains an import-dependent economy, we believe that it presents a scenario of a possible diversion to the parallel market as these firms strive to remain in business. Consequently, this will likely raise rates at the parallel market and induce inflationary pressures in the short-to-medium term which further reinforces our position that inflation would hover around the lower double digit range by the end of 2015. Presently, Nigeria is one of the largest importers of food in the world, spending an estimated N1.3 trillion annually importing wheat, rice, sugar and fish. Therefore, policy effectiveness in our view will also be largely hinged on the significant increase in domestic production to meet teeming demand of these goods to prevent demand-pull inflation. In view of current economic realities, how much longer before the inevitable? In our opinion, these policies portray the hesitancy of the apex bank to devalue the naira which is commendable but we note that possible options have become limited. We maintain our position of a further devaluation of the currency in the current year to ease the rapid depletion of the reserves. CBN Policy Hurting Customs Revenue – NCS The Nigeria Customs Service (NCS) will consult with the Central Bank of Nigeria (CBN) over the possible review of the bank’s monetary policy on foreign exchange which has been affecting customs revenue generation The Customs Service Public Relations Officer, Mr Wale Adeniyi, said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. “What customs is doing is to start engagement from the government agency to government agency; so we are going to be talking to CBN first to see what can be done in terms of review of policy. “We all understand the objective of the policy but we don’t want a policy that will achieve one objective on one side and create some disruption and problem on the other. “The objective of our consultation with CBN will be to see how we can fine-tune the policy to take care of the negative impact it is creating for our (customs) revenue without necessarily negating the objective of the policy itself.“So we will start with that and we hope we will get some positive outcome, mutually beneficial solution to the issue. “It is only if we don’t get beneficial solution that we hope to take the matter to higher authorities,” Adeniyi said. The Comptroller-General of Customs, retired Col. Hameed Ali, had said that the shortfall of N240 billion in customs revenue target was due to CBN monetary policy which banned 41 items on the Forex. “If you remember CBN policy on 41 items; when we did our analysis, the policy has denied us money to the tune of N240 billion. “So if we add that to what we have generated, it would have surpassed what we have. “So that is the downside of why we were not able to meet the target in 2015; but hopefully with all the tools we put in place and I hope that government will once again look at those policies and see how they can be fine-tuned,” Ali said. US DATA: ECI annual revisions are out, Q4 is now….. Premier forex trading news site Founded in 2008, ForexLive.com is the premier forex trading news site offering interesting commentary, opinion and analysis for true FX trading professionals. Obtenga las últimas noticias de cambio de divisas y las actualizaciones actuales de los comerciantes activos diariamente. ForexLive.com blog posts feature leading edge technical analysis charting tips, forex analysis, and currency pair trading tutorials. Descubra cómo aprovechar las oscilaciones en los mercados de divisas globales y ver nuestro análisis de noticias de divisas en tiempo real y las reacciones a las noticias del banco central, los indicadores económicos y los eventos mundiales. 2016 - Live Analytics Inc v.0.8.116(t) ALTO RIESGO ADVERTENCIA: El comercio de divisas conlleva un alto nivel de riesgo que puede no ser adecuado para todos los inversores. El apalancamiento crea un riesgo adicional y una exposición de pérdidas. Antes de decidir intercambiar divisas, considere cuidadosamente sus objetivos de inversión, nivel de experiencia y tolerancia al riesgo. Usted podría perder parte o la totalidad de su inversión inicial; do not invest money that you cannot afford to lose. 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Not only will you learn professional strategies that make it harder to NOT make money than actually come out profitable, but the commitment that you will receive from myself to ensure you succeed, you will not get anywhere else. Forex restriction may force CBN lift ban on more items The City Reporters CBN Governor, Godwin Emefiele The Central Bank of Nigeria (CBN) is considering a review of the list of items prohibited from accessing foreign exchange following pressure from stakeholders in the manufacturing industry including the International Monetary Fund (IMF). New Telegraph quoting a CBN source said that discussions were ongoing on the matter, adding that the bank is aware of the controversy that the policy has generated. The source was quoted to have said that the CBN had been under pressure, especially from local manufacturers, on the need to review the policy, adding that Nigerians should be patient with the bank. “The policy was announced to save and stabilise the sharp fall in naira at the international market due to drop in price of crude oil leading to dwindling government revenue. “We are spending huge money importing things we can produce locally and it is affecting our foreign reserves,” the source said. According to him, the CBN is committed to easing the cost of doing business in the country and it is looking at the items again with a view to ending the controversy over the policy. Last week’s announcement by the Nigeria Customs Service (NCS) ordering the immediate removal of rice from the list has been perceived as a pointer to the CBN’s renewed move to review the list. Vice-President, Professor Yemi Osinbajo, at the Annual General Meeting of Manufacturers’ Association of Nigeria (MAN), had said the Federal Government would review the restriction order. Osinbajo said the CBN policy was meant to be a short-term policy and the government would negotiate with the Organised Private Sector (OPS) to look at ways to ease the cost of doing business in the country. Also, the Director, African Department of International Monetary Fund (IMF), Ms. Antoinette Sayer, said the measures put in place by the CBN to restrict access to foreign exchange needed to be reviewed. While CBN forex trading window had exchange rate at N197 to $1 last week, pressure, however, continued to mount at the parallel market, as the naira depreciated from N224 to $1 to N250 to $1 during the week, sustaining the slide for the third week consecutively, thereby widening the exchange gap between the CBN official window and the parallel market. She, however, did not respond when asked if Nigeria could keep importing goods it can produce locally. She said: “The CBN has introduced administrative measures that limit access to foreign exchange and ban certain imports as a way of restricting the demand for foreign exchange. “Those are measures that are quite detrimental, we think. It has certainly led to a lot of unhappiness in the private sector, as far as we’ve been aware, and understands that private investors see this as very detrimental to their economic activities. “It is not something we think is sustainable or advisable. We hope that there will be an opportunity to review those restrictions and permit the exchange rate to continue to adjust. “Of course, the exchange rate pressures in Nigeria and other oil producers have been considerable in the course of this past year because of what has happened in terms of, for example, foreign exchange earnings as oil prices have reduced those considerably, and the demand for foreign exchange continues to exert considerable pressure on their exchange rates.” Share This: Bottlenecks and forex restrictions setback port business in 2015 (Nigeria) Industry stakeholders who took turns to appraise the port industry in 2015 have identified clearing bottlenecks which have resulted in delayed cargo delivery to importers and the Central Bank of Nigeria (CBN) restriction on access to foreign exchange for importers of 41 selected items as the major issues that led to low business activity at the nation’s seaports. Port business, they say, was at its lowest ebb in the year under review, as the ports lost a huge percentage of activity to ports in neighbouring West African countries, where it is easier to do business. Also, global container trade statistics show that volumes from Asia to West Africa decreased in nine of the first ten months of 2015; compared with the prevous year, with the most recent year-on-year declines reaching 10 percent. Nigeria’s currency, the naira, has subsequently fallen to record lows against the US dollar, leading to stalled construction contracts and international investment, including reduced consumer demand. This led to a fall in container volumes and reduced vessel traffic. Tony Anakebe, a maritime analyst, said in an interview with our correspondent, that the year was not favourable to port business, owing to a sharp drop in the volume of goods coming into the ports. Anakebe added that importers were having a tough time accessing foreign exchange to import goods, due to the restriction placed on inflow and outflow of forex by CBN. “Business activities in the ports were largely affected by the slow pace in Nigeria’s business climate due to the six months it took the present administration to appoint ministers to steer the economy to a progressive direction. This created so much uncertainty in the polity as lack of economic policies discouraged a lot of investors and importers from going into serious business,” he explained. Anakebe, who said that the slow down economic activity in the ports resulted in Customs’ commands not being able to meet their revenue targets for the year and Nigerian ports losing almost N1trillion worth of business, added that most Nigerian billed goods were diverted to the Republic of Benin, Ghana and Cameroun, where they are then smuggled through land borders into Nigeria. According to him, port business was also hindered by the clearing bottlenecks which made it difficult for containers to be moved out of the ports in due time. “We had problems with scanning of containers, due to the bad state of the machines. From June till now, all containers were undergoing 100 percent physical examination, due to the failure of scanning operations by the Nigerian Customs Service (NCS). “The bad state of the roads leading to the two major ports (Apapa and Tin-Can Island ports) and indiscriminate parking of trailers on the port access roads, resulted in difficulty in moving containers in and out of the ports, and it also led to delays in cargo clearance. “The return of some sacked government agencies – State Security Service (SSS), Plant and Animal Quarantine, Anti-Bomb Squad, among others, also contributed to bottlenecks at the port in 2015,” he added. Confirming this, Jonathan Nicole, President, Shippers Association of Lagos State, said the difficulty in doing business at the port resulted to people diverting their cargoes to ports in the neighbouring countries and it also led to massive loss of government revenue. “The ports in the year under review were not as busy as before, such that AMP Terminal says the port as at November lost about 35 percent of its cargo, but now it has gone up to 40 percent due to policy of forex restriction. The CBN policy restricted Nigerian ports from making progress. A lot of businesses were closed and the remaining ones were forced to reduce staff strength to cut cost,” he said. Nicole advised government to reverse the policy, so as to uplift business and jobs. “The auto policy is another monster that emptied our ports and we are yet to see made in Nigerian vehicles,” he added. 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Pacira Pharmaceuticals (NASDAQ: PCRX) – Pace Gary W bought 1,000 stocks at $93.83. Stereotaxis (NASDAQ: STXS) -Benfer David bought 3,000 stocks at $1.95. According to various media reports, the Central Bank of Nigeria (CBN) has fixed a meeting of foreign exchange (forex) officers of banks and other authorised dealers as the Naira continued to maintain an average value of N306 to the dollar at the parallel market on Friday. This comes just a few days after the CBN, supported by the presidency, insisted that the Naira will not be devalued . According to a circular signed by Olakanmi Gbadamosi, Director of the Trade & Exchange Department at the CBN, to all authorized dealers on the CBN Website, the meeting shall afford participants the opportunity “to discuss developments in the forex market in the last quarter of 2015 and offer contributions in charting the direction for 2016.” Other agencies expected at the meeting include the Nigeria Customs Service (NCS), Standard Organization of Nigeria (SON) and National Agency for Food and Drug Administration and Control (NAFDAC). The meeting is scheduled to hold in Lagos on Thursday, February 4, according to a Nigeria CommunicationsWeek report. The Naira lost a point from the N305 to a dollar it had previously exchanged, a depreciation of 0.3 per cent. However, it closed at N197 to the dollar at the official Central Bank of Nigeria rate. Mensaje de navegación Deja un comentario Cancelar respuesta Forex: BDCs Forecast $21b diaspora remittances Operators of Bureaux De Change (BDC) in Nigeria have forcasted annual forex inflow of $21 billion averagely from Nigerians in Diaspora for their continued operations. This target is feasible as the World Bank Migration and Remittances Factbook 2016 showed that Nigerians living abroad sent home $20.8 billion in 2015. The figure is by far the largest volume of remittances to any country in Africa and the sixth largest in the world. The President, Association of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, said the body has already made a proposition to the Central Bank of Nigeria (CBN) to allow its over 3,000 members operate correspondence bank account. The accounts, he said, would allow the BDCs receive over $21 billion annual Diaspora remittances and also allowed to operate like money transfer agents. He said the CBN is currently reviewing a proposal from the ABCON and is confident of getting positive feedback because of the need to raise the dollar liquidity position in the market which will also boost naira stability. The proposal, he added, would enable BDC operators open forex account with Bank of America or Barclays Bank or any other international lender. The accounts, he said, would allow Nigerians living abroad send funds to their relatives or Nigerian counterparts through the foreign banks. The local BDCs will credit the recipients with the naira equivalents of the dollar credited to their accounts with the foreign banks. This practice, when approved, he said would not only boost dollar liquidity in the market, but helps the country navigate through raging currency risks. The ABCON boss said: “It is a proposal before the CBN because we want to help it expand the dollar supply side and make the market more liquid. We want the BDCs to be agents of Western Union and be involved in Diaspora remittances”. The CBN had earlier entered an agreement with BDC operators on ways to bridge dollar liquidity crisis in the sector. Gwadabe said the regulator has agreed to source petrodollars from international oil companies (IOCs) and other autonomous sources. A closed door meeting between the BDCs management and CBN Governor, Godwin Emefiele, concluded yesterday evening, was meant to find ways out of the dollar crisis in the sector, promising to directly intervene in selling dollars to the BDCs when market liquidity improves. Gwadabe said: “The CBN agreed to be sourcing for dollar from IOCs and selling to the BDCs between 198 and 201 to a dollar. We have also accepted to ensure that our members follow the regulatory guidelines and not sell dollars obtained through the autonomous sources over the required margin”. Source: The Nation Forex scarcity: Banks in multi-million-dollar racketeering Forex scarcity: Banks in multi-million-dollar racketeering Commercial banks in the country are raking in millions of dollars from a foreign exchange racketeering which has been fuelled by the acute shortage of hard currency in the economy, investigation by the Saturday PUNCH has revealed. The Central Bank of Nigeria has been rationing forex to prospective importers in the past 16 months, after the global fall in the prices of crude oil, the nation’s main forex earner. The situation has exacerbated over time and tens of thousands of applications for forex by intending importers have been kept on hold by the CBN for months. Sources close to the forex racketeering said the dollar shortage had led to a situation where prospective importers apply to the CBN through their banks for forex for months without getting it. The continued acute scarcity, it was learnt, had been capitalised upon by the commercial banks who are now selling several millions of dollars obtained from the CBN on their clients’ names at huge premiums above the N199 to $1 official rate approved by the central bank. According to sources familiar with the situation, thousands of helpless importers who are in desperate need of forex to import products ranging from raw materials to equipment are milked on weekly basis by the greedy banks. Findings by our correspondent showed that the scheme, which has been on for several months as the forex scarcity worsens by the day, has made many top bank executives multi-millionaires overnight. Out of about $10m to $25m (depending on the volume of demand by its customers) sold by the CBN to commercial banks in some weeks, illegal profit to the tune of $5m could be made by each of the banks involved in the forex racketeering. A prospective importer, who was recently approached by a major bank in the country involved in the forex racketeering, told our correspondent that many importers had no choice but to buy the scarce forex from the banks despite the huge and illegal premiums being made by them. Narrating his ordeal to Saturday PUNCH . the importer, who spoke on the condition of anonymity, for fear of being victimised by the bank, said, “We need $295,000 to import some equipment. We have been on the so-called CBN queue since October. The bank said no forex. Recently, the bank called us that there was forex but not at the official rate. They wanted to sell to us at N275 to $1. Out of about N81m we are to pay, only about N59m goes to the CBN, which is the official rate. The balance goes to the bank officials who get this allocation from the CBN. This is the type of stupid money they make now, God saves Nigeria.” READ NDDC contractors, former officials abscond with N70bn mobilisation fee Explaining further, the visibly angry importer said, “The bank’s officials said they had $5m as of January 29. So calculate how much they made for that week alone.” The forex racketeering victim said the bank officials had told him that the difference between the CBN rate of N199/$1 and the N275 to the dollar rate they were offering him would be paid through a cheque written on a name to be provided by the officials. He added, “The bank will debit my account at the CBN rate and then I will give them a cheque for the balance.” Another importer, who shared a similar experience, told Saturday PUNCH that his own bank offered a deal of N285 per dollar. Further findings by our correspondent revealed that commercial banks were carrying out the forex racketeering through various means depending on the method through which a prospective importer is planning to make payment to its prospective supplier overseas. Normally, payments are made for imported goods through open accounts, Letters of Credit, and Bills for Collection. For items that are not valid for forex (i.e items the CBN has excluded from the list of items it provides forex for), payments are usually made through open accounts. Letters of Credit (a kind of guarantee for payment) are usually written by Nigerian banks to their correspondent banks overseas on behalf of an importer, while Bills for Collection involve a situation where the supplier releases the goods to the importer and payments are made later. In any of the latter two cases, importers or companies are required to get forex from the CBN which will be transferred into the bank accounts of their suppliers overseas by their commercial banks in Nigeria. It was learnt that a whole lot of forex racketeering involving opening bank accounts overseas by bank officials and importers alike was now in place. When contacted, the CBN Director of Corporate Communications, Mr. Ibrahim Mu’azu, said there was the need for aggrieved customers and importers to lodge a formal complaints with the CBN over the matter, adding that this would enable the central bank to commence thorough investigation into the matter. “The regulatory authority can only know when there are complaints. If there are complaints, the CBN will investigate and rescue the situation,” Mu’azu said. But economic, financial experts and ex-bankers said the CBN and commercial banks were culpable, noting there was the need for the duo to introduce mechanism to arrest the huge fraud. An economist and Chief Executive Officer, Cowry Assets Management Limited, Mr. Johnson Chukwu, said the CBN could be held responsible for the sharp practices. Chukwu, who is a former banker, said, “Human beings are economic agents and they will always be tempted to follow the easy path. But the regulatory authority must not create the loophole for such. The premium between the official exchange rate and the parallel market rate is too much.” READ CBN concludes MPC meeting, raises monetary rate to 12% An Economist and Head, Investment and Research, Afrinvest West Africa Limited, an investment bank and research firm, Mr. Ayodeji Ebo, also said there was the need for the CBN to come up with a policy to close the huge gap between the naira-dollar exchange rate on the parallel and official forex markets, adding that the difference would continue to breed round-tripping and all manner of unethical practices. He added, “Commercial banks also need to strengthen their internal controls both at the head office level and branch levels. Most of these forex racketeerings are carried out only in some bank branches without the knowledge of the head office or even top officials at the branch level. So, the banks need to do something quickly about this.” The Head, Investment Advisory, Sterling Capital, an investment bank, Mr. Sewa Wusu, believes the CBN is making efforts to stabilise the forex market, noting that issues coming in recent times would be addressed soon. Meanwhile, the CBN has asked banks to start publishing their returns on the utilisation of the forex in the newspapers. This, it was learnt, was part of the measures by the CBN to check sharp practices in the forex market. For the first two weeks of February, Stanbic IBTC Limited with a total of $23,615,680.90 reportedly emerged the highest amount of forex purchased from the CBN on behalf of its customers. From the publications, Stanbic IBTC was followed by First Bank of Nigeria Limited and Guaranty Trust Bank Plc, with $19,774,888.26 and $19,709,354.41, respectively. Also, Zenith Bank Plc with total returns of $18,707,309.97 came fourth, while Diamond Bank reported returns of $17,515,474. Access Bank reported returns of $16,982,208.04 to occupy the sixth place, while the United Bank for Africa Plc reported returns of $12,045,150.76. By Thursday, only seven banks had published their returns on utilisation of funds purchased from the CBN, with others expected to do so today. Cotonou, Ghana ports boom as importer divert cargoes over forex constraints Acute shortage of foreign exchange, high operation costs and cumbersome clearing processes may have forced Nigerian importers to divert their cargoes to neighbouring ports in Benin Republic and Ghana where they enjoy lower rates than what is offered in Nigerian ports. Investigations by Daily Sun show that over 60 per cent of Nigeria-bound goods are now being diverted to Cotonou port and then transshipped by road into the country. The development has led to sharp drop in earnings of the Nigeria Customs Service (NCS), the terminal operators, shipping companies and other members of the import community. According to a recent World Bank research, Nigerian ports are the costliest to operate in within the sub-region. For instance, terminal delivery/labour charges in Nigeria stand at N62,682, while it is N9,655 in Ghana and N24,000 in Benin Republic. In Senegal, the charge is dependent on weight and volume of cargo. For cargo dwell time, Nigeria also records the highest in Sub-Saharan African with 20- 28 days. Togo is 18 days, Benin Republic-10-15 days, Ghana (Tema Port) 15-21 days, Kenya (Mombasa port) nine days, South Africa (Durban) four days and Zambia seven days. An importer who does not want his name in print said: “It is cheaper and easier to import and clear goods through Cotonou. We now take naira to Cotonou or Accra to source forex. We then order for our goods and route them to Cotonou port. Please go to Cotonou, Lome and Ghana ports, you’ll see they are booming. Close to 70 percent of the clearance jobs done there are for Nigerians and the goods are going to come into the country by land. Is it rice? Is it vehicles? Is it other products? That is the transshipment we now do. It is very costly to do business in Nigeria today. High terminal charges, shipping companies charges, container deposit, bribe demands and demurrage. It’s Just too costly. “It is also a cumbersome clearance procedure and this foreign exchange shortage is the deadliest of the blows. Do you know that you can hardly transact any legitimate business without incurring demurrage? Customs will delay you in one way or the other. Over 50 per cent of my colleagues have closed shops and they are idling away at their offices. Once their rents expire, they may leave Lagos. They have sacked their workers. If this economy is not reinvigorated in the next two months, there will be crisis”, he lamented. Source: SunNews NCS&A CO.,LTD. (NCS&A) is an information technology company. The company designs, develops systems with development of software. It offers product such as visualization solutions, business solutions, security solution, migration solutions, cloud solutions, outsourcing solutions and packaged goods. NCS&A offers service such as novelty mail order and smart phones splice service, ASP customer management services, hotel accommodation internet booking engine, procurement site, IT outsourcing and data analysis services. The company serves public service system, financial and manufacturing equipment, among other industries. It was formerly known as Nippon Computer System Co. Ltd. NCS&A is headquartered in Osaka, Japan. This comprehensive SWOT profile of NCS&A Co.,Ltd. provides you an in-depth strategic analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better. This company report forms part of GlobalData’s ‘Profile on Demand’ service, covering over 50,000 of the world’s leading companies. Once purchased, GlobalData’s highly qualified team of company analysts will comprehensively research and author a full financial and strategic analysis of NCS&A Co.,Ltd. including a detailed SWOT analysis, and deliver this direct to you in pdf format within two business days. (excluding weekends). The profile contains critical company information including & # 8211; Business description – A detailed description of the company’s operations and business divisions. & # 8211; Corporate strategy – Analyst’s summarization of the company’s business strategy. & # 8211; SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats. & # 8211; Company history – Progression of key events associated with the company. & # 8211; Major products and services – A list of major products, services and brands of the company. & # 8211; Key competitors – A list of key competitors to the company. & # 8211; Key employees – A list of the key executives of the company. & # 8211; Executive biographies – A brief summary of the executives’ employment history. & # 8211; Key operational heads – A list of personnel heading key departments/functions. & # 8211; Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company. & # 8211; Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history. & # 8211; Interim ratios for the last five interim periods – The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history. Note*: Some sections may be missing if data is unavailable for the company. Key benefits of buying this profile include You get detailed information about the company and its operations to identify potential customers and suppliers. & # 8211; The profile analyzes the company’s business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors. Understand and respond to your competitors’ business structure and strategies, and capitalize on their weaknesses. Stay up to date on the major developments affecting the company. & # 8211; The company’s core strengths and weaknesses and areas of development or decline are analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track important events. Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably. & # 8211; Opportunities that the company can explore and exploit are sized up and its growth potential assessed in the profile. Competitive and/or technological threats are highlighted. Scout for potential investments and acquisition targets, with detailed insight into the companies’ strategic, financial and operational performance. & # 8211; Financial ratio presented for major public companies in the profile include the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios. Gain key insights into the company for academic or business research. & # 8211; Key elements such as SWOT analysis, corporate strategy and financial ratios and charts are incorporated in the profile to assist your academic or business research needs. Tabla de contenido Section 1 – About the Company NCS&A Co.,Ltd. & # 8211; Key Information NCS&A Co.,Ltd. & # 8211; Overview NCS&A Co.,Ltd. & # 8211; Key Employees NCS&A Co.,Ltd. & # 8211; Key Employee Biographies NCS&A Co.,Ltd. & # 8211; Key Operational Heads NCS&A Co.,Ltd. & # 8211; Major Products and Services NCS&A Co.,Ltd. & # 8211; History NCS&A Co.,Ltd. & # 8211; Company Statement NCS&A Co.,Ltd. & # 8211; Locations And Subsidiaries Head Office Other Locations & Subsidiaries Section 2 – Company Analysis NCS&A Co.,Ltd. & # 8211; Business Description NCS&A Co.,Ltd. & # 8211; Corporate Strategy NCS&A Co.,Ltd. & # 8211; SWOT Analysis SWOT Analysis – Overview NCS&A Co.,Ltd. & # 8211; Strengths NCS&A Co.,Ltd. & # 8211; Weaknesses NCS&A Co.,Ltd. & # 8211; Opportunities NCS&A Co.,Ltd. & # 8211; Threats NCS&A Co.,Ltd. & # 8211; Key Competitors Section 3 – Company Financial Performance Charts NCS&A Co.,Ltd. & # 8211; Financial Ratios Financial Ratios – Capital Market Ratios Financial Ratios – Annual Ratios Financial Ratios – Interim Ratios Financial Ratios – Ratio Charts Section 4 – Appendix Appendix Methodology Ratio Definitions About GlobalData Contact Us Disclaimer Note*: Some sections may be missing if data is unavailable for the company List of Tables NCS&A Co.,Ltd. Key Information NCS&A Co.,Ltd. Key Ratios NCS&A Co.,Ltd. Share Data NCS&A Co.,Ltd. Major Products and Services NCS&A Co.,Ltd. History NCS&A Co.,Ltd. Key Employees NCS&A Co.,Ltd. Key Employee Biographies NCS&A Co.,Ltd. Key Operational Heads NCS&A Co.,Ltd. Other Locations NCS&A Co.,Ltd. Subsidiaries NCS&A Co.,Ltd. Key Competitors NCS&A Co.,Ltd. SWOT Analysis NCS&A Co.,Ltd. Ratios based on current share price NCS&A Co.,Ltd. Annual Ratios NCS&A Co.,Ltd. Interim Ratios Currency Codes Capital Market Ratios Equity Ratios Profitability Ratios Cost Ratios Liquidity Ratios Leverage Ratios Efficiency Ratios List of Figuress NCS&A Co.,Ltd. Performance Chart NCS&A Co.,Ltd. Ratio Charts An Electronic PDF copy of this Report will be sent to you via email. Please allow up to 2 business days for the reports to arrive to your mailbox as some of our publishers prefer to send you the reports directly. Purchase this Report today Report Licences Explanation * Single User . Electronic PDF copy delivered via email. Report can be used by individual purchaser only. * Site License . Electronic PDF copy delivered via email. Report can be shared by unlimited users within one corporate location, e.g. a regional office. * Enterprise Wide License . Electronic PDF copy delivered via email. Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company. If you require a Site License or Enterprise Wide License please contact us to issue you an invoice. Customers who Viewed this Report also Viewed NCS stages 10th ITePED MORE BUSINESS NEWS Vodacom Business Nigeria appoints indigenous CEO Vodacom Business, Nigeria’s leading total telecommunications provider has completely Nigerianised its operation with the appointment of Mr. Lanre Kolade as its Managing Director. Lee mas Konga.com appoints new CEO Nigeria’s largest online mall company, Konga Online Shopping Limited, has announced the appointment of Mr. Shola Adekoya as its new Chief Executive Officer (CEO). Lee mas GrowthAfrica selects 19 East African startups for acceleration programme GrowthAfrica, the leading East-African accelerator, has announced their current East-African cohort of innovative and scalable startups to participate in the two acceleration programmes in Kenya and Uganda respectively. Lee mas Stanbic Bank Botswana launches mobile branch with ATM Pan-African distributor First for Africa launches Phoenix Distribution and First Distribution, both specialist distribution companies within the Epsidon Technology Holdings Group, have joined forces to form a new pan-African distributor, First for Africa. Lee mas Botswana Data Centre hosts Uptime Institute The Uptime Institute, a global independent technology research, analysis and professional services firm specialising in enterprise IT, hosted the Botswana Data Centre Breakfast Meeting on Tuesday 15th March, 2016 at Masa Square Lansmore Hotel. Lee mas BTCL IPO breaks all records The recently concluded BTCL Initial Public Offering (IPO) has surpassed all expectations from some sections of the local business community who had predicted a low response to the IPO. Lee mas Zinox chief opposes naira devaluation Nigeria’s foremost integrated Information and Communication Technology (ICT) conglomerate, Zinox Group, has opposed the clamour by some individuals and groups to devalue the local currency. Lee mas FNBB launches eWallet Bulk Send payment solution IFC, Fidelity Bank to expand digital financial services in Ghana IFC, a member of the World Bank Group, has signed an advisory agreement with Fidelity Bank Ghana to expand agent and mobile banking in Ghana. Lee mas Flight Centre buys Perth forex company October 2, 2006 - 5:41PM Australia's largest listed travel agency Flight Centre Ltd is continuing its rapid expansion, announcing the acquisition of a small Perth foreign exchange business. The purchase of Nationwide Currency Services (NCS) will give Flight Centre a further toe-hold into the foreign exchange business, with managing director Graham Turner saying the acquisition was "in line" with the company's strategy of buying businesses that complement its core function. Flight Centre will now look at expanding the NCS network across its 1500 retail outlets in Australia and overseas, he said. NCS operates seven stores in Perth, Brisbane and Melbourne. "NCS is a small and profitable business that fits neatly into our company and enhances our overall customer offering," Mr Turner said. "We see considerable scope for growing our overall foreign exchange sales via the NCS business and through our shops in Australia and overseas." NCS founder Clint Nieuwendaal, who previously worked for Thomas Cook and American Express, will continue running the business. "Becoming part of Flight Centre Limited and its shop network gives us the opportunity to fast-track our growth," Mr Nieuwendaal said. Flight Centre operates a network of more than 1500 stores and businesses in nine countries, including the UK, New Zealand and United States. At 1440 Monday, Flight Centre stock was trading down two cents, to $13.47. & # 169; 2006 AAP Brought to you by When you see news happening: SMS/MMS: 0406 THE AGE (0406 843 243), or us. Más Customs seeks CBN review of forex policy The Nigeria Customs Service (NCS) intends to consult with Central Bank of Nigeria (CBN) over the possible review of the bank’s monetary policy on foreign exchange affecting customs revenue generation. The Service Public Relations Officer, Mr Wale Adeniyi, said on Thursday in Abuja, that consultation was to see how the policy could be fine-tuned to take care of the negative impact on customs revenue without necessarily negating the objective of the policy. “What customs is doing is to start engagement from the government agency to government agency; so we are going to be talking to CBN first to see what can be done in terms of review of policy. “We all understand the objective of the policy but we don’t want a policy that will achieve one objective on one side and create some disruption and problem on the other. “The objective of our consultation with CBN will be to see how we can fine-tune the policy to take care of the negative impact it is creating for our (customs) revenue without necessarily negating the objective of the policy itself.“So we will start with that and we hope we will get some positive outcome, mutually beneficial solution to the issue. “It is only if we don’t get beneficial solution that we hope to take the matter to higher authorities,’’Adeniyi said. The Comptroller-General of Customs, retired Col. Hameed Ali, said that the shortfall of N240 billion in customs revenue target was due to CBN monetary policy which banned 41 items on the Forex. Ali said that the service only generated N903 billion out of its N954 billion revenue target in 2015 due to the policy. “If you remember CBN policy on 41 items; when we did our analysis, the policy has denied us money to the tune of N240 billion. “So if we add that to what we have generated, it would have surpassed what we have. “So that is the downside of why we were not able to meet the target in 2015; but hopefully with all the tools we put in place and I hope that government will once again look at those policies and see how they can be fine-tuned,’’ Ali said. Customs re-introduces ban on rice importation via land borders Comptroller General of Customs, Col. Hamid Ali (rtd) The Nigeria Customs Service (NCS) has re-introduced the restriction order on importation of rice through land borders across the country. Comptroller-General of Customs, Col. Hameed Ali (rtd), approved the reversal of an earlier policy in October 2015, which allowed rice imports through the land borders once appropriate duty and charges were paid. At a review session held with Comptrollers of Border Commands and Federal Operation Units in Abuja Tuesday, the NCS noted that dwindling revenue from rice imports through the land borders did not tally with the volume of rice landed in neighboring ports. Rather, reports from border commands indicated an upsurge in the tempo of rice smuggling. A statement issued, Tuesday, by the NCS’ Public Relations Officer, Mr. Wale Adeniyi said the implementation of the restriction order got off to a smooth start, with a high level of compliance in October 2015. “However, revenue started dwindling from January 2016, with importers blaming access to Forex as major impediments. During the Five-month period when the importation was allowed–October 2015-March 17, 2016, a total of 24.992 metric tonnes of rice valued at N 2, 335,131,093 ( Two Billion, Three Hundred and Thirty Five Million. One Hundred and Thirty One Thousand and Ninety Three Naira) was imported through the land borders. “During the period, total revenue generated amounted to N 1,685,112,810 (one billion, six hundred and eighty, five million one hundred and twelve thousand, eight hundred and ten naira only). “This is considerably lower than the revenue projected to be generated with the removal of import restrictions,” the statement added. The NCS noted, however, that an upsurge in the number of the seizures has been reported across the land borders since January 2016. It added that in the first two months of 2016, a total of 9238 bags were seized, with Duty Paid Value of N64,666,000 made by the Customs anti-smuggling patrol teams of Federal Operations and Border commands. Artículos Relacionados Customs announces fresh guidelines to fast-track disposal of seized goods Nigeria Customs retires 5 deputy CGs, 30 senior officers in major shake-up Comptroller General of Customs seeks greater collaboration with the FRSC Adeosun: FG to Upgrade Customs equipment to increase efficiency Customs intercepts arms, ammunition cache at Lagos port Reorganisation of Customs: New DCGs, ACGs appointed Customs seeks CBN review of forex policy Abuja – The Nigeria Customs Service (NCS) intends to consult with Central Bank of Nigeria (CBN) over the possible review of the bank’s monetary policy on foreign exchange affecting customs revenue generation. The Service Public Relations Officer, Mr Wale Adeniyi, said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. He said the consultation was to see how the policy could be fine-tuned to take care of the negative impact on customs revenue without necessarily negating the objective of the policy. “What customs is doing is to start engagement from the government agency to government agency; so we are going to be talking to CBN first to see what can be done in terms of review of policy. “We all understand the objective of the policy but we don’t want a policy that will achieve one objective on one side and create some disruption and problem on the other. “The objective of our consultation with CBN will be to see how we can fine-tune the policy to take care of the negative impact it is creating for our (customs) revenue without necessarily negating the objective of the policy itself.“So we will start with that and we hope we will get some positive outcome, mutually beneficial solution to the issue. “It is only if we don’t get beneficial solution that we hope to take the matter to higher authorities,’’Adeniyi said. NAN recalled that the Comptroller-General of Customs, retired Col. Hameed Ali, said that the shortfall of N240 billion in customs revenue target was due to CBN monetary policy which banned 41 items on the Forex. Ali said that the service only generated N903 billion out of its N954 billion revenue target in 2015 due to the policy. “If you remember CBN policy on 41 items; when we did our analysis, the policy has denied us money to the tune of N240 billion. “So if we add that to what we have generated, it would have surpassed what we have. “So that is the downside of why we were not able to meet the target in 2015; but hopefully with all the tools we put in place and I hope that government will once again look at those policies and see how they can be fine-tuned,’’ Ali said.(NAN) Relacionado CSOs support CBN Gov on FOREX policy The Coalition of Civil Society Groups (CCSG) has called on Nigerians to support the current monetary policy of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, saying that Nigerians voted for change and not magic. According to the group, a change that will usher in an everlasting period of prosperity must be gradual and not spontaneous with the capacity to repair the faulty foundation and maladministration by past administrations. At a press conference in Abuja the president of the group, Mr. Etuk Bassey Williams admitted that Nigeria is presently going through one of the most difficult periods in her national life, owing to several events such as global oil glut that have characterized the socio-economic and political landscape of the nation in the past one year. He said: “Just as it is on record that no government preceding President Buhari has dared to probe security vote or fight corruption with the intense ruthlessness as we are presently witnessing so also is his will power to ruthlessly tackle the various clogs in the wheel of our economic progress as this is evident in his bold approach of supporting the CBN Governor, Mr. Godwin Emefiele-led foreign exchange (FOREX) policy in stopping the sale of foreign exchange to Bureau de Change (BDC), a policy which has helped in no small measure to checkmate round tripping.’’ Managing Director, Lagos Deep Offshore Logistics (LADOL) Base, Dr. Amy Jadesimi, in this interview with. The regulatory headwinds in the banking industry and the lull in the Nigerian economy have negatively. NAN-HE-17 Policy Abuja, Jan. 21, 2016 (NAN) The Nigeria Customs Service (NCS) intends to consult with Central Bank of Nigeria (CBN) over the possible review of the bank's monetary policy on foreign exchange affecting customs revenue generation. The Service Public Relations Officer, Mr Wale Adeniyi, said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. He said the consultation was to see how the policy could be fine-tuned to take care of the negative impact on customs revenue without necessarily negating the objective of the policy. ``What customs is doing is to start engagement from the government agency to government agency; so we are going to be talking to CBN first to see what can be done in terms of review of policy. ``We all understand the objective of the policy but we don’t want a policy that will achieve one objective on one side and create some disruption and problem on the other. ``The objective of our consultation with CBN will be to see how we can fine-tune the policy to take care of the negative impact it is creating for our (customs) revenue without necessarily negating the objective of the policy itself. ``So we will start with that and we hope we will get some positive outcome, mutually beneficial solution to the issue. ``It is only if we don’t get beneficial solution that we hope to take the matter to higher authorities,’’Adeniyi said. NAN recalled that the Comptroller-General of Customs, retired Col. Hameed Ali, said that the shortfall of N240 billion in customs revenue target was due to CBN monetary policy which banned 41 items on the Forex. Ali said that the service only generated N903 billion out of its N954 billion revenue target in 2015 due to the policy. ``If you remember CBN policy on 41 items; when we did our analysis, the policy has denied us money to the tune of N240 billion. ``So if we add that to what we have generated, it would have surpassed what we have. ``So that is the downside of why we were not able to meet the target in 2015; but hopefully with all the tools we put in place and I hope that government will once again look at those policies and see how they can be fine-tuned,’’ Ali said.(NAN) SUT/EAL/IA ========= NSF: NCS to monitor Cross River The National Council on Sports has constituted a seven-man committee that will monitor the activities of the Cross River State Government towards the hosting of the National Sports Festival scheduled to hold between November 8 and 21. Chairman of the NCS, Mr. Monday Uko, who stated this on Monday at the end of its extraordinary meeting held in Calabar, said Cross River’s bid to host the NSF, will be closely monitored to ascertain its preparedness. Uko disclosed that the seven-man committee, which was put together after an extraordinary session of the council on Sunday, was not to witch-hunt Cross River State. The chairman, who spoke on behalf of the sports minister, Mr. Solomon Dalung, said such drastic measure would aid the state to work hard and ensure that the hosting came to fruition. He said, “It will also be the responsibility of the committee to look at areas that they may have challenges and perhaps report to the Federal Government. The council will be left with no option than to give assistance to the state to successfully host the event,” he said. Uko said the fact that Cross River state would be under watch does not mean that the council was in doubt of the state`s ability to host the tournament. “Even though I come from Akwa Ibom State, as a person who has always known Cross River, I do know that the state has enormous capacity needed to host the event. I know what Cross River can do and I have no doubt in my mind that they will do it,” he added. Uko said members of the committee were drawn from Abia, Akwa Ibom, Rivers and Delta, with the Permanent Secretary in the sports ministry and the Special Assistant on Technical Matters to the minister also members. Copyright PUNCH. Todos los derechos reservados. Este material y otros contenidos digitales de este sitio web no pueden ser reproducidos, publicados, difundidos, reescritos o redistribuidos en su totalidad o en parte sin previa autorización expresa por escrito de PUNCH. Make use of Steve Nison’s custom-designed software program in order to immediately find a very good possible deals and steer clear of the actual losers with this particular time-saving efficiency device. This particular edition is made for the actual free of charge NinjaTrader system. Make use of Steve Nison’s custom-designed software program in order to emphasize their preferred designs upon any kind of graph. This particular edition is made for the actual eSignal system. Haga clic aquí para descargar una nueva herramienta de comercio y estrategia GRATIS Learn how to take full advantage of this particular effective software program with this particular competence degree training course. You’ll learn how to automate all of your programs along with sophisticated NCS ideas, methods, as well as methods. 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The official site for this product is at novacodetrader.com. If you’re looking for more info about this product follow the link. If you’re looking for reviews for Nova Code Trader, find them below. The reviews come from real users so if you don’t see any comments yet, please check back soon. Si usted tiene experiencia con este producto, deje por favor una revisión corta o comente con su regeneración. Ayudará a otros usuarios a decidir. ¡Gracias! Si desea enviar un producto de Forex que no esté ya incluido en este sitio para comentarios y revisión de los usuarios, utilice el formulario de envío. Usted también podría estar interesado en: If you have experience with this product, please leave your feedback or review below. Ayudar a otros a decidir, cada entrada ayuda. Comentarios Good Day All I’ve been getting lots of Emails for Nova Code Trader and it sounds really good but I’ve run into a problem. Being this. My Norton Keeps saying Treat Found when I try and download both the Installer as well as the EXE file. I don’t know if there is something his this file or not but my Norton Keeps deleting it. If any one else has the same problem and they get past Norton please let me know how. Thanks all and Happy Trading. The big hype on this NovaCode is the constant range bar application. I down loaded the application and installed it on my MT4. Looks good when it runs, but I can not keep it running. The range bars work for a time and then stops working. The software seems very unstable. I have to constantly reload the app by execute on chart command. The instructions say use all the indicators you are used to using, I have only used support/resistance lines and Fibonacci retraces, but doing anything on the chart stops the range bar app. Supposedly range bars for EURUSD is 8 pips. That works for awhile, and then, it starts bars which are only 7.9 pips or 7.8 pips. They are not necessarily the constant range as advertised. There seems to be no support for the free range bar app offered, which is a shame, since it makes one wondering if this is just some flaky app thrown together that they are going to try to sell, and then offer no support. Idea seems to have merit, but the application comes up short. At this point, it seems like more hype, no delivery. Comment by Steve Johnson on March 23, 2011 @ 6:48 am I attended their “canned” webinar! What a crock of BS. They say that they are only releasing 100 copies? More BS. These two clowns who were on the webinar? I recognize their voices from other webinars. They’re “profesional” rip-off artists! I made the order $1997 and got one of those %^%^&&* upsell pitches. Plimus called to verify my purchase and I googled here and decided to NOT approve my purchase. Boy if they ever got their sales pitch out of this lame format they might have sold me. I sat for 2 hours through their presentation and believe it was canned. Well done but not professional. Saying the things that a struggling or novice trader would like to hear but making it sound just too easy. I guess the same recording will be played a number of times more. Judging from their comments they “sold” more than 25 packages in the first 30 minutes. Playing on the fear of lost opportunity! They have about 6 more webinars planned but will only make 100 packages in total available. You figure! Anyone that claims to forecast the forex market for weeks to come is just not convincing. Selling too hard with the special offers but no real substance. I may be wrong but will give this one a miss for now. Bought the Package and will UPDATE in couple of Weeks.. They give you 60 Days Money Back and I used 3 installments using Paypal and Plimus….So you know if you are NOT satisfied you will get your money back 100%.. The one presentor has been pre-recorded. Further it is 99% marketing talk and no essence of what sets their system apart. Thanks Steve ann other guys for your comments. I also sat through the webinar. I attended 2 seminars today (3-23) on the Nova Code. I got in the 1:00 seminar and started recording it right away. I was about 8 minutes late into this supposedly filled seminar. Funny thing, 2 hour seminar recorded in 2-3 minutes. Not much substance to seminar, no real applications shown, just a lot of hype. About time they first announced web site for special offer, I tried to find it. but could not find site. I then checked out recording, there is count down clock to show when special offer is over. ¡jaja! I then attended the 4;00 pm seminar and had the 2 hour live seminar recorded by 4:05 pm EST. I then left the live seminar and checked my 2nd recording. The whole seminar is there. At 4:35 PM I found the special offer site, at least 25 minutes before it is announced in the live seminar. ( No, this seminar is definitely not live.) Supposedly over $12,000.00 of software and bonuses offered for just $2497.00. No, special deal! All the software plus even more offered for $1997.00 or if you prefer, just 3 easy payments of $797.00! I am sorry, but the hype does not match the reality. As mentioned earlier, some of the software in the package was sold last summer under a different name. There is a site promoting NovaCode and AvaFX Metatrader that has pictures of the charts from the software being offered. Definitely 1st 5 modules same software from summer 2010. Should the buyer beware? I am pretty skeptical, maybe you should be too! Personally I do not think trading the forex can be as easy as they try to make it out to be. There is definitely money in forex trading, but one has to work at it. I believe you only need 40 pips net per day, every day, loses kept to to minimum and you can make very nice income. Too bad that free range bar app is so flaky! My goal is trade the morning European and London session and be done at 6:00 or 7:00 AM EST. About 5 hours! Comment by Steve Johnson on March 23, 2011 @ 4:59 pm Have been paying close attention to nova code and was put off by a few things… firstly they promote range bars but then go on to show you two methods of trading which are not using range bars. They talk about the equity curve and how flat it should look and give an example of using more than one non correllated trade to reduce draw down which does make good sense, but then go on to show you their new equity curve which turns out to be precisely the same as the first one. The only difference is (if you look at the scale on the right) they’ve changed the scale properties on the chart making the curve look flatter. what a bunch of crap any one can put # on past chart to show wre the money could have been made only idots would by this people wake up this same system was on the market less than a year ago all I can say is people are stupid if you fall for this crap Hello All I tried to Download the Range Bars but my Norton AV keeps deleting it because it says there is a Threat inside. I emailed NC and asked them 4 times how this could get fixed and so far I have not heard anything back from them. This may sound funny but this Webinar sounds a lot like one that was put on a while back. Also it seemed like some of the phrases were cut off before they were finished. Bad Editing as far as I’m concerned. The range bar script they distributing is stolen from me: http://www.mqlservice.net/catalog/product_info.php?products_id=29 They use a 2 years old version of range bars. If any one can help me track down their contact info I would appreciate it very much. Note, the novacodetrader.com was registered on Feb. 22 and is protected by WhoisGuard (so I cannot easily find the real name of Barron). Maybe someone who purchased their software can use the credit card company to track them down? Kind regards, Michal You guys are a lifesaver. I will not be purchasing the Nova Code Trader. One of the men on the recording I have heard before promoting other forex material or an EA. I am almost 100% certain it was a recording and not a live event. Hope the folks that purchased get their refunds promptly upon request. exactly correct… a bogus webinair I new it was a scripted recording when 10 min into it I clicked the link again from my other computer and it started from the beginning….LOL And then on and on and on..with the same hype. and of course fake questions at the end…LOL Like someone mentioned above, the voices seemed familiar… Save your money… here is what i got when i asked for a refund… “Sorry, but your refund request is rejected. As per our refund policy, you are required to trade the systems for at least 30 days and submit your trading statement to qualify for the refund. Una vez que lo haga, verificamos si de hecho el comercio de acuerdo a nuestras normas. If you do and the systems are not profitable in this 30 day period proven by your account statement, well promptly issue a courteous and prompt refund. As you know, per our refund policy customers need to provide a 30-day trading statement on a live or demo account that show the systems are not profitable to receive a refund. We would please ask you to respect it the same way we guarantee we will respect any personal refund request after fulfilling the refunds conditions. If you have a Support/Technical-related question, please send an email to [email protected] and we are happy to help you out. Thanks a lot.” looks like i will have to find a 2nd job too get my money back.. At last a place where others can come learn and be warned! Here it is quiet simply……In the email from these people they actually give an address for Baron…….do it yourselves do a google search on the address…….A YOUTH HOSTEL IN VENICE. & # 8230 ;. and this guy is a professional trader… always use due diligence people. A professional successful trader is not living in a youth hostel. Comment by Ivan Daniel on March 25, 2011 @ 8:20 pm Did you guys who bought Nova Code get a early or pre-release of the poroduct? I missed the webinar last week but I got another email from “Baron” yesterday saying that the BIG RELEASE of Nova Code will be this Tuesday the 29th. Thanks to all your posts here, I won’t be attending it. There is a fourth video added to the series as well but it is just more sales hype for this thing, showing entry and exit points on a chart. LOL It’s pretty easy to add those points to an old chart amd make it look like big wins were made. Once again I’m glad for this site. It is the ONLY true and honest review site for these forex products. To those who bought this stuff and want refund. Simply use Paypal or your credit card company for refund request. Barron would have trouble to fight them from the Youth Hostel CBN: Apex bank, forex officers to meet over Naira freefall This comes just a few days after the CBN, supported by the presidency, insisted that the Naira will not be devalued. According to various media reports, the Central Bank of Nigeria (CBN) has fixed a meeting of foreign exchange (forex) officers of banks and other authorised dealers as the Naira continued to maintain an average value of N306 to the dollar at the parallel market on Friday. This comes just a few days after the CBN, supported by the presidency, insisted that the Naira will not be devalued . According to a circular signed by Olakanmi Gbadamosi . Director of the Trade & Exchange Department at the CBN, to all authorized dealers on the CBN Website, the meeting shall afford participants the opportunity “to discuss developments in the forex market in the last quarter of 2015 and offer contributions in charting the direction for 2016.” Other agencies expected at the meeting include the Nigeria Customs Service (NCS), Standard Organization of Nigeria (SON) and National Agency for Food and Drug Administration and Control (NAFDAC). The meeting is scheduled to hold in Lagos on Thursday, February 4, according to a Nigeria CommunicationsWeek report. The Naira lost a point from the N305 to a dollar it had previously exchanged, a depreciation of 0.3 per cent. However, it closed at N197 to the dollar at the official Central Bank of Nigeria rate. 34 total views, 1 views today CBN Policy Hurting Customs Revenue – NCS The Nigeria Customs Service (NCS) will consult with the Central Bank of Nigeria (CBN) over the possible review of the bank’s monetary policy on foreign exchange which has been affecting customs revenue generation The Customs Service Public Relations Officer, Mr Wale Adeniyi, said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. “What customs is doing is to start engagement from the government agency to government agency; so we are going to be talking to CBN first to see what can be done in terms of review of policy. “We all understand the objective of the policy but we don’t want a policy that will achieve one objective on one side and create some disruption and problem on the other. “The objective of our consultation with CBN will be to see how we can fine-tune the policy to take care of the negative impact it is creating for our (customs) revenue without necessarily negating the objective of the policy itself.“So we will start with that and we hope we will get some positive outcome, mutually beneficial solution to the issue. “It is only if we don’t get beneficial solution that we hope to take the matter to higher authorities,” Adeniyi said. The Comptroller-General of Customs, retired Col. Hameed Ali, had said that the shortfall of N240 billion in customs revenue target was due to CBN monetary policy which banned 41 items on the Forex. “If you remember CBN policy on 41 items; when we did our analysis, the policy has denied us money to the tune of N240 billion. “So if we add that to what we have generated, it would have surpassed what we have. “So that is the downside of why we were not able to meet the target in 2015; but hopefully with all the tools we put in place and I hope that government will once again look at those policies and see how they can be fine-tuned,” Ali said. FOREX HANDLING: HOW INTELS FLOUTS BUHARI’S ORDER WITH DISDAIN …Enforces payment for its services in foreign currency …As Shippers’ Council Set to Deploy Cargo Tracking Note at Seaports A foreign terminal managing giant, the Intels is allegedly flouting President Muhammadu Buhari’s efforts to stabilize the Naira, as the company is indicated, to be enforcing the payment for its services in foreign currency. A moral challenge, which will need strong political will power to surmount, is currently facing President Mohammed Buhari, in its effort to strengthen the sliding value of the Naira. The Intels Logistics Limited building The Integrated Logistics Limited, (INTELS), with its headquarters in Onne, Rivers State, but with strong branches in Warri, Calabar etc, is indicated to be flouting Mr. President’s directive on FOREX handling, perhaps as a result of the enviable connections of its shareholders, which allegedly include former Vice President Atiku Abubakar. Highly respected by other terminal managers, the company was alleged to have attempted to annex the oil and gas free trade zone, using its powerful link of its chief promoter to force all oil and gas related cargo to go through its facilities, despite the protests of other concessionaires who felt short-changed in what they regarded as an arm-twisting tactics of the company to run them out of business. To protest what they regarded as the larger than life posture of Intels, importers of oil and gas related cargo boycotted the use of Intels facilities, instead, chose to divert such consignment to the neibouring ports from where they bring them to the country. Industry watchers have however expressed fears that the activities of intels may jeopadise the efforts by the administration of Buhari to keep a tight rein on foreign exchange transactions and check the continuing slide of the Naira against the United States Dollar (USD) and other major currencies, if the company is not checked in its excesses. Intels, was in 2006 awarded concession for Onne, Warri and Calabar ports each for 25 years; renewable for another 25 years. Earlier, in 1988, Intels had secured five-year leases at the Federal Lighter Terminal (FLT) in Onne Port, and at Warri Port. Intels was in 1992 awarded 21-year extension of leases at Onne Port Complex, Warri Port Complex, and Calabar New Port. The establishment of the Onne Oil and Gas Free Zone by the promulgation of Decree No. 8 of March 29, 1996, had favoured Intels, according to sources, in assuming the role of “oil and gas service centre”. It was gathered that, while there had been about eight companies operating at Onne in 1997, the numbers had grown in leaps and bounds in subsequent years as follows: 95 companies, 2004; 170 companies, 2014; and 2015, 190 companies. In a document, “Development of facilities at Onne, Warri and Calabar Port Complexes”, which the company issued in May 2015, Intels noted: “190 companies presently operating in Onne with investment valued at over USD6.0 billion and supporting livelihood for over 204,000 persons (direct and indirect employments and family members).” Perhaps indicative of the company’s alleged disdain for the Naira, Intels did not give the Nigerian currency’s equivalent of the purported value of investments by the 190 companies operating at its FLT and Federal Ocean Terminal (FOT) facilities at the Onne Port Complex. Industry watchers contend that, with its long history of romancing the USD, in particular, and other major currencies, and estrangement from the Naira, Intels will be hard put providing the value of its investments. In the meantime, the Intels Public Relations Manager, Mr. Isidore Sambol has confirmed the receipt of foreign currencies by the company for his services. In rationalizing the practice, Sambol claimed that Intels operates in a free zone which he said was exempted from such forex restriction. ‘’Yes, we are exempted from the forex restriction because we operate in a free trade zone. If you conduct your investigation well, you will notice that free trade zones are not part of the policy. ‘’You should also be aware that oil and gas is an international business and there is nothing wrong if we collect international currency, mostly US dollar’’, the image maker of the port concessionaire declared. He however disclosed that the company can collect the naira equivalent of foreign currency from its clients. ‘’If the clients want to pay in naira, we collect because we need tons of naira to drive our business. So the allegation that we insist of collecting only foreign currencies is not correct. We collect naira’’, Sambol stated. On assumption of office, Mr. President, through the Central Bank of Nigeria embarked on a tough FOREX restriction in order to enhance the value of the local currency which had hitherto been treated with disdain by Nigerians and other business interests in the country. This disdain for the Naira further weakened the currency as foreign currencies, especially the American Dollars, inadvertently became legal tender in the country. As a result, the administration of Buhari placed a ban on transactions in foreign currencies, insisting that any transaction should be done in the local currency The Federal Government has been reaffirming its stringent foreign exchange policy in the face of dwindling revenue accruing to the nation as a result of the drop in commodity prices, notably Nigeria’s main foreign exchange earner. Consequently, the Central Bank of Nigeria (CBN), Governor, Mr. Godwin Emefiele, told journalists from Nigeria on the sidelines of the International Monetary Fund (IMF)/the World Bank Group meetings in Lima, Peru, that the apex bank will continue to deny importers access to foreign exchange to bring in goods that can be produced locally. The CBN thereafter, identified about 41 items which it denied eligibility to access foreign exchange from the interbank window, a policy Emefiele stressed was not up for review. “We have not banned any items. What we just did was to exclude them from accessing foreign exchange; items that can be produced in the country. We think that because of the problems we’ve had, the drop in commodity prices and revenue accruing to the nation, and because we know that these items have been produced in large quantities in this country in the past, that provision still stands. The CBN is not reconsidering the ban, the exclusion still stands,” Emefiele said. Meanwhile, As part of efforts to stem increasing trade malpractices at the Nigerian ports, which result in huge revenue losses, the Nigerian Shippers’ Council (NSC) has reaffirmed plans to soon deploy advanced cargo information system, otherwise known as Cargo Tracking Note (CTN) at the nation’s ports to stem the tide. Executive Secretary, NSC, Mr. Hassan Bello, disclosed this when he played host to the Comptroller-General of the Nigeria Customs Service (NCS), Col. Hameed Ali (rtd), who visited the Council weekend. Bello expressed optimism that all fraudulent practices, such as under-declaration of goods and concealment would be checked once the CTN is installed at the ports. Describing the conduct of shippers involved in under-declaration and concealment, as an act of tax evasion, the Shippers Council boss said the introduction of advanced cargo information system will put a stop to the illicit acts and in turn boost revenue generation from the ports. Bello said the CTN will provide a credible data and also has the benefits of securing the cargoes being imported into the country. With advanced information of the cargoes prior to their arrival, he said, cargo clearance will become faster since all the service providers would have prepared in advance for the reception and processes of delivery, unlike the current situation where everyone has to wait for the manifest. Furthermore, he said, the CTN will equally check under-declaration of gross registered tonnage (GRT) of the vessels bringing goods into the country, adding that this will help increase revenue from the ports sector. Earlier, Ali had sought the cooperation of the Council as the Ports Economic Regulator to end all cases of falsification by shippers observed during examination of cargoes at the ports. The customs helmsman had observed that in most cases, what were declared in the documentation were often different from what were seen during physical examination of the goods in the ports, a development he said was worrisome to the Service. He also noted that importers deliberately generalise their cargoes instead of giving a clear description of the cargoes they are bringing into the country. Ali said the visit was aimed at seeking the collaboration of the Regulator so that any issue can always be resolved amicably. Receiving the new customs boss, Bello said his visit was a clear demonstration of his readiness to collaborate with the Council and other government agencies in the ports for efficient service delivery. The CTN is a global initiative to monitor and verify cargo on transit. It has the blessings of the International Maritime Organisation (IMO) and World Customs Organisation (WCO), which Nigeria is a member. The idea first came up in 2007, but attempt to implement it in 2009 was suspended following protest by shipping industry stakeholders as a result of the high charges imposed on shippers. It was then under the management of the Nigerian Ports Authority (NPA). However, under the current dispensation, the cargo tracking regime will now be managed by the Shippers’ Council as the ports regulator. When fully in force, every shipper, including importers and exporters will follow the laid down procedures to be announced by the ports regulator. Additional report from ThisDay Translate colours from rgb to ncs in Title/Summary NCS Navigator is the unique application from NCS, displaying the full range of 1,950 NCS Original Colours in 3D, as the NCS Colour Space was intended to be viewed.It's free to use and has a range of features to really open up the way you use NCS Colour in your work. Publisher: Scandinavian Colour Institute Última actualización. November 10th, 2012 A simple to use interactive activity in which RGB light sources are mixed to create colours. Intended to support basic concepts in science work on light and for experimenting with RGB colour models in ICT. Updated to include better graphics and slider controls which allow a more complex range of colours to be created NCS WinVisible helps to keep your taskbar free of clutter by hiding programs from your task bar with user defined hotkeys. Other features include the ability to hide its system tray icon whenever you activate the hide hotkey. Also, you can instantly kill selected processes with a hot key. Publisher: Neptune Century Studios Home page: www.neptunecentury.com Última actualización. May 18th, 2014 Translate colours from rgb to ncs in Description Setting the colours First you select one of the six colour marks at the top of the main window. Then you set the colour of the selected colour mark. There are several ways to set the colour of a colour mark. One way is to type the RGB values, decimal or hexadecimal, and click on the Set button. Another way is to use the scroll bars to the right in the main window. Publisher: Datakonsult Mats Hindhede Última actualización. March 17th, 2008 Colour Picker is a program with a simple interface which will allow you to pick a colour using the normal windows colour picker. You can also select any picture and grab a colour from it. Enter RGB values or Hex value to get a colour .It will then convert these colours to a VB hex value, RGB value, HTML value. You can then copy any colour format to the clipboard. Publisher: Silvermaine Última actualización. October 18th, 2010 Quick Colour Picker is a colour picking program packed with features. Quick Colour Picker gives you more than just the ability to pick colours. This rich program allows you to save your colours to lists, organize them, name them user friendly names, and then use them to gradient colour and gradient size your HTML text for use as titles for your web pages. Publisher: Stephen A. G. Bissell Última actualización. October 9th, 2009 A freeware HTML colour generator that will convert RGB values to Hex and Hex back to RGB. Colours can be mixed on screen, entered directly, or pasted from other applications such as Photoshop. Select foreground, background and link colours. Save and recall colour schemes in a snap. Support for 216 colour Netscape palette. Compact, fast, and with no external data or runtime files. Publisher: Pantone & GretagMacbeth Home page: www.pantone.com Última actualización. April 24th, 2008 Colour To HTML is a small Windows utility to convert colours into HTML code. Main features: - Point and click colour picker to pick a colour from the screen. - RGB and HSL tools. - Colour history. - Export colours as HTML. - Capture colours straight from the system tray. Additional Translate colours from rgb to ncs selection Language Engineering Company (LEC) is the world's leading provider of language translation software. LEC supplies translation engines to OEMs, republishers, and distributors in Asia, Europe and the Americas. LEC offers the largest number of language pairs with translation of Arabic, Chinese, Dutch, English, French, German, Hebrew, Indonesian, Italian, Japanese, Korean, Persian, Portuguese, Russian, Spanish, Tagalog, Turkish, and Ukrainian. With LEC's Translate DotNet, you can quickly translate e-mails, documents, instant messages, even whole folders of files in any of 21 languages. Translate DotNet offers specialized user interfaces customized for each type of translation task. Premium subscriptions include technical dictionaries to increase accuracy and translation of Word and PDF files.A popular and well-regarded service on Windows for many years, LEC now introduces Translate DotNet for Macintosh X. Publisher: Language Engineering Corp, LLC Última actualización. June 2nd, 2010 Skype Translate is a Skype chat translator for Windows. The application can only translate text in instant-messaging conversations and will do nothing to your audio conversations. It supports a variety of languages, including Spanish, English, Russian, German, Portuguese, among others. If I can still count, there are 51 supported languages. I Translate is an easy-to-use translation software. The interface is very similar to common web-based translation services. There is only one thing you have to, choose the target language for your translation, because the software is able to recognize the source language. The software can process texts of any length and complexity, supporting translation between 37 major languages. Translate Genius is a handy browser add-on that helps you learn a foreign language. This neat add-on lets you quickly view the translation of a word or group of words in a language of your choice. This simple little browser add-on currently works only with Firefox and Google Chrome. Publisher: TGF Interactive LLC. Home page: translategenius.com Última actualización. December 19th, 2013 Translate This! extension for Firefox lets you translate an entire we-page or just a selection of it using Google Translate. Just select the text you need to translate and click "Translate This Selection" to get definition in other languages. Because of limitations of Google Translate, translating entire pages will not work if the page is HTTPS. Publisher: Bradley Rosenfeld Home page: addons.mozilla.org Última actualización. February 5th, 2015 This is an English dictionary extension for Chrome browser. The app provides a quick reference from different dictionaries. It provides the translation to your native language based on Google translator, the definition with simple English words based on Longman dictionary (LDOCE), the pronunciation based on Howjsay and Marriam-Webster and Oxford, and the phonetic transcription based on Oxford. Publisher: skalar.darkware.hu/skalkaz Home page: chrome.google.com Última actualización. June 12th, 2015 The Data 7 Embroidery Design suite - Scan and manual punching system. All designs are punched in a condensed format for easier manipulation. Point and block editing. Monogramming system with over 20 alphabets. Allow you to modify existing alphabets or create your own. All produced in condensed format for easier manipulation. Publisher: Data 7 Consultancy, England Home page: www.data7consultancy.com Última actualización. November 27th, 2013 NCS Network Scanner delivers the option to see what devices are lingering around on your network. You can quickly identify devices and their IP addresses on your network. Features: - Quickly scan your network for devices - Ability to export results - Check for updates - Requires the .Net framework 4.5 Publisher: Neptune Century Studios Home page: www.neptunecentury.com Última actualización. March 25th, 2014 This program offers a convenient translation system for text, email, and web pages. Ideal for everyday private and professional translations. The technologies and features of the TranSelect and TranslateDict enhance not only translating convenience, but also the quality of your translation. Publisher: Lingenio GmbH Home page: www.lingenio.de Última actualización. August 20th, 2011 RGB Light allows you create light effects for pictures as if you were using real lighting equipment. The program has three channels. Each channel corresponds to an RGB color (red, green, and blue), the combination of three channels can make amazing effects. You can swap channels to obtain different effects. Futures and Commodity Market News STAVANGER, Norway, Mar 18, 2016 (GLOBE NEWSWIRE via COMTEX) -- Today 18 March, Statoil (OSE:STL, NYSE: STO) is presenting the annual reports for 2015, including the sustainability report and the payments to governments report. "The profitability of the oil and gas industry continued to be challenged and Statoil's reported financial results in 2015 were influenced by decreased prices. However, we continued to deliver solid operational results. Our production efficiency improved from an already strong base, our improvement programmes are showing progress and expected to continue to improve cash flow and profitability. We are now stepping up our efficiency programme and Statoil is well positioned to capture value from an expected upturn in the market," says president and CEO of Statoil ASA, Eldar SГѓВ¦tre. Statoil delivered annual equity production of 1.971 million barrels of oil equivalents per day in 2015, an increase of 2% from 2014. The increase is a result of start-up and ramp-up on various fields, higher gas sales from the Norwegian continental shelf (NCS) and improved operational performance. The discovery rate was high ( 45%) and 2015 was one of the best years related to access to new acreage, replenishing the portfolio for new opportunities going forward. However, the average discovered volumes per well rate were low in 2015. Statoil experienced three contractor fatalities related to our activities in the fourth quarter of 2015; one on the NCS and two in our US onshore operations. The serious incident frequency (number of serious incidents per million hours worked ) was 0.6 for the year. As a direct response to a shareholder resolution passed at our annual general meeting in May 2015 Statoil is disclosing additional information about ongoing operational emissions management in its 2015 Sustainability report. The information includes asset portfolio resilience to post-2035 scenarios, low carbon energy research and development and investment strategies, public policy intervention and strategic key performance indicators and link to executive incentives. The analyses of Statoil's asset portfolio resilience to post-2035 scenarios demonstrate that the IEA 450 scenario would have a limited impact on the resilience of our asset portfolio, compared to our internally established economic planning assumptions. The IEA 450 scenario is compatible with a global warming of maximum of two degrees Celsius. "Statoil welcomes the COP21 agreement and the ambition to limit the average global temperature rise to below two degrees centigrade compared to pre-industrial levels. The transition to a low-carbon economy will involve significant contributions from all parts of society, including companies, consumers and governments. Statoil is well positioned to play our part," says SГѓВ¦tre. Users may download the entire report, or part of it, at www.statoil.com/downloads, while printed versions are obtainable from www.statoil.com/orderreports Peter Hutton, senior vice president +44 7881 918 792 (mobile) Bard Glad Pedersen, vice president Media relations +47 918 01 791 (mobile) This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) Statutory report 2015 http://hugin.info/132799/R/1995811/735246.pdf Annual report 2015 on Form 20 F http://hugin.info/132799/R/1995811/735247.pdf Sustainability report 2015 http://hugin.info/132799/R/1995811/735259.pdf (C) Copyright 2016 GlobeNewswire, Inc. All rights reserved. ********************************************************************** As of Monday, 03-14-2016 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system, indicated Please read the End User Agreement . By accessing this page, you agree to the terms and conditions of the End User Agreement . News provided by COMTEX . Market data is the property of the Exchange. Market data is delayed at least 10 minutes. 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It is also a condition of access to this website that you agree to not copy, disseminate, capture, reverse engineer or otherwise use information provided on this site for any other purpose except for the direct display in Internet browser of the end user only, and only in the format provided. Estas páginas & copiar; TradingCharts.com, Inc. Comercio Forex, materias primas y índices bursátiles con opciones binarias & ndash; Ver cómo If you follow the Equity Indices closely, you can sometimes spot patterns that repeat themselves with a high degree of consistency. Continúe leyendo aquí. August 24, 2015, was an important day in world currency markets. The Chinese shocked the world with a devaluation of the yuan. Continúe leyendo aquí. [ March 27, 2016 ] Customs Confiscates Contraband With N360million Duty Paid Value BUSINESS & ECONOMY [ March 26, 2016 ] MTN Fine: Parliament Probes Whether fine Can be Reduced BUSINESS & ECONOMY [ March 26, 2016 ] Presidency Dissociates Itself From #Istandwithbuhari Group NEWS [ March 26, 2016 ] FG Expands Scope of Defence Contract Probe NEWS [ March 26, 2016 ] Interbank Rates Surges to As CBN Withdraws N400billion from Banking System BANKING [ March 26, 2016 ] NSE Index Gains 0.63% As Market Closes for Easter Break BUSINESS & ECONOMY [ March 26, 2016 ] CBN Says No intention to convert domiciliary accounts BANKING [ March 26, 2016 ] Oshiomhole Says Call for sack of CBN gov. Agitators are wasting their time BANKING [ March 25, 2016 ] NNPC discharges one cargo of PMS Ahead of Easter holiday OIL AND GAS [ March 25, 2016 ] Fidelity Bank Raises N30billion MSMEs Fund LOAN AND CREDIT FACILTY PROFIT Fidelity Bank Plc posted a slight increase of 1.8 per cent in profit after tax in its unaudited results for the period ended September 30, […] Guaranty Trust Bank Plc has announced gross earnings of N229.4 billion for the nine months ended September 30, 2015. The report was released on October […] CBN Policy Hurting Customs Revenue – NCS The Nigeria Customs Service (NCS) will consult with the Central Bank of Nigeria (CBN) over the possible review of the bank’s monetary policy on foreign exchange which has been affecting customs revenue generation The Customs Service Public Relations Officer, Mr Wale Adeniyi, said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. “What customs is doing is to start engagement from the government agency to government agency; so we are going to be talking to CBN first to see what can be done in terms of review of policy. “We all understand the objective of the policy but we don’t want a policy that will achieve one objective on one side and create some disruption and problem on the other. “The objective of our consultation with CBN will be to see how we can fine-tune the policy to take care of the negative impact it is creating for our (customs) revenue without necessarily negating the objective of the policy itself.“So we will start with that and we hope we will get some positive outcome, mutually beneficial solution to the issue. “It is only if we don’t get beneficial solution that we hope to take the matter to higher authorities,” Adeniyi said. The Comptroller-General of Customs, retired Col. Hameed Ali, had said that the shortfall of N240 billion in customs revenue target was due to CBN monetary policy which banned 41 items on the Forex. “If you remember CBN policy on 41 items; when we did our analysis, the policy has denied us money to the tune of N240 billion. “So if we add that to what we have generated, it would have surpassed what we have. “So that is the downside of why we were not able to meet the target in 2015; but hopefully with all the tools we put in place and I hope that government will once again look at those policies and see how they can be fine-tuned,” Ali said. 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Ltd. is a financial instruments firm registered under the Financial Instruments and Exchange Act of Japan,  with the registered number 131. Associated as a Member of Japan Securities Dealers Association, The Commodity Futures Association of Japan, The Financial Futures Association of Japan Opt-In Email Subscription Sign Up Forex Trading Unlocked Inc. Services And Contact Links : NCI Building Systems (NCS) Purchases Coil Coating Facility June 24, 2010 4:03 PM NCI Building Systems, Inc. (NYSE: NCS ) announced that its wholly-owned subsidiary, NCI Group, Inc. has completed the purchase of a coating facility located in Middletown, Ohio. The agreement with MSC Pre Finish Metals (MT), Inc. ("MSC"), a subsidiary of Material Sciences Corporation, included MSC's Middletown, Ohio facility and substantially all of the related operating assets for $4.9 million in cash. The purchase includes a 170,000 square foot coil coating plant that had been idled by MSC, situated on approximately 21 acres of land. The purchase of this facility will extend NCI's coil coating operation into the upper Midwest and Northeast, where the Company's Buildings and Components groups consume and distribute significant tons of coated products and will also provide additional capacity to meet future demand from the Coatings segment's external customers. Once this facility is brought on-line, it will provide for increased productivity and capacity at a much lower cost than building a new plant and will create incremental external sales opportunities. The Company had been exploring additional coating line opportunities in the region for the past several years, and this acquisition provides the Company future scalability for increasing the Company's builder network and customer base as well as a possible location for the future manufacture of insulated panels to serve the Midwestern and Northeastern United States. Categorías Senate Comes To Nigerians' Rescue On Forex The Nigerian Senate has told the Central Bank of Nigeria, that it needs to open the Forex market to stem the sufferings of businesses, a source has confirmed. In a private meeting late Tuesday, Senate President Bukola Saraki told the CBN Governor, Godwin Emefiele, that the restrictions in Forex trading need to be relaxed, to stop the stranglehold it has placed on small business especially. In the meeting, Saraki stressed that the country cannot continue to function by closing its borders from doing legitimate business. The Naira currently exchanges at 261 to a dollar, in the parallel market, while the official figure has been pinned at 199 for months now. As students abroad continue to suffer from the high exchange rates, the fastest developing sector of the Nigerian economy, online business, appears to be suffering the most, with blogs and e-commerce sites finding it increasingly difficult to pay for services and products which are charged in Dollars and Pound Sterling. During his media chat, President Muhammadu Buhari reiterated that although the Naira won’t be further devalued, the restrictions on Forex will not be lifted. Nigerians appear set to suffer for some time more with the government’s policy looking less likely to go away. Loading Facebook Comments. Leave a Reply Cancel Reply INSCRIBIRSE PARA NUESTRA NEWSLETTER TheBrief on Twitter entradas populares Our Facebook Artículos Relacionados Sobre nosotros Don't Miss Instagram Feed Instagram did not return any images. ‘InterContinental not indebted to NCS’ The management of Milan Industries Limited, owner of InterContinental Hotel Lagos, has refuted media reports credited to the Nigeria Customs Service (NCS), saying it may be forced to shut down InterContinental Hotels Lagos following alleged refusal of the hotel’s parent company, Milan Group, to pay rice duty. In a statement, re-joinder, released at the weekend,… This content is for Basic Monthly Subscription. Premium Monthly Subscription, Premium Plus Monthly Subscription, Basic Yearly Subscription, Premium Yearly Subscription and Premium Plus Yearly Subscription members only. Log In Register How Watermelon Made a 29-⁠yrs-⁠old Benin Boy Over N1,000,000 in 73days. Click Here To Read His Amazing Story Deja un comentario Sobre nosotros Businessday is West Africa's leading provider of business intelligence and information. Written by some of West Africa's best journalists, it is the favourite newspaper among the West Africa investor community. Campo de golf Contáctenos 6 Point Road,Apapa,Lagos, Nigeria. For equiries & complaints, please call 07045792677,01-2799101 Todos los derechos reservados NCI Building beats 3Q profit forecasts HOUSTON TEXAS, Texas (AP) _ NCI Building Systems Inc. (NCS) on Wednesday reported fiscal third-quarter net income of $7.2 million. The Houston Texas, Texas-based company said it had net income of 10 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 15 cents per share. The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share. The maker of products used in commercial buildings posted revenue of $420.8 million in the period. NCI Building shares have dropped 46 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.93, a decline of 50 percent in the last 12 months. This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NCS at http://www.zacks.com/ap/NCS Keywords: NCI Building Systems, Earnings Report Get stories like this on the Yahoo app and discover more every day. Download it now. Related Headlines Special Features Latest Videos Las mejores historias Singapore » CNBC » The Wall Street Journal » Things To Do YAHOO SINGAPORE FINANCE Yahoo Products Trending Now Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. Véase también tiempos de retardo para otros intercambios. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein. Fundamental company data provided by Capital IQ. Datos históricos del gráfico y actualizaciones diarias proporcionados por Commodity Systems, Inc. (CSI). International historical chart data and daily updates provided by Morningstar, Inc . Yahoo! News Network Morgan stanley insider trading Morgan stanley insider trading 0750. 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With regards to the above credited statement to DCG Jatau ( Ph.D) retired, in a lecture marking the 2013 International Customs Day, it is most ideal to make reference to the forward note on the WCO SAFE Package /International Supply Chain Management -ISCM guidelines, which noted that: “The increasing threat of international terrorism and organized cross- border crime requires the enhancement of existing border and frontier controls, effective national and international co-operation between Customs, other law enforcement agencies and business.” It added that: “The greatest challenge for Customs will be to offer facilitated treatment of the vast majority of international cargo movements and passenger traffic, while identifying and dealing with the small percentage that pose a genuine risk to security.” Under the Management Summary as provided in WCO SAFE Package / ISCM Guideline, item 1.2, noted that: “.The application of risk management in Customs operations as set out in the revised Kyoto Convention and its implementing Guidelines has become an invaluable best practice to carry out effective and efficient Customs Control and to allow better use of all available resources. Customs can determine which goods and which traders are in compliance with Customs law and thus pose a low risk for control purposes”. Furthermore, items 1.6 and 1.7 recommended: The Integrated Customs Control Chain will also require a Unique Consignment Reference (UCR) to be applied by or on behalf of the party initializing the international trade transaction to all international consignments and being utilized in all relevant communications by all parties involved in the supply chain establishing an origin to destination information and documentation trail. The UCR will enable Customs to link information received from the different parties for a particular consignment and will facilitate the exchange of Customs data between Customs administrations “. The increasing use of e-business in the trade chain results in more information readily available in an electronic format for use by Customs administrations and other government agencies involved in the control of goods and people crossing the border. It is in the context of the implementation to the above Guideline that, this modest undertook, and observed that before August 2001 there was no concerted efforts by past Custom Administration of Nigeria towards evolving a modern Custom administration in compliance to the above Guidelines as Canvassed by the WCO. However since 2009 – to date, the present Customs Administration has practically demonstrated it’s commitment towards not just the implementation of the Guideline but to give credence to restructuring and positioning the Nigeria Customs Service on a strong footing to achieve an overall performance and efficiency, via a Strong, Focused, practical and Committed Leadership. In essence, this modest seeks to firstly do an overview of all practical administrative agenda, resolutions, ideas, steps, etc. taken to actualize the present feat and secondly, by extension highlight the achievement recorded within the period under review (2009 to date). Thirdly, the aim also, to a lesser emphasis is to underscore some falsehood and unverified published reports already in the public domain and provide a clear picture of what the present Customs Administration has actually pursued and achieved. A BACKGROUND TO THE OFFICE OF THE WORLD CUSTOMS ORGANIZATION (WCO), VICE CHAIRMAN, WEST AND CENTRAL AFRICA REGION Organizationally, the World Customs Organization, with a membership of about 180 Countries, grouped the entire countries of the world into six (6) regions. One of such regions is the grouping of the “Customs Administrations of West and Central Africa in to one Region” known as the West and Central Africa Region. The region is made up 23 Customs Administration comprising 5 English Speaking Countries and 18 French Speaking Countries. By its organizational structure, each region is to be administered by a Vice- Chairman, for ease of administration, while the Chairman presides over meetings held in Brussels, where the HQ of the WCO is located. At the Regional Meeting held in the year 2010 at Mali, and as provided in its constitution, Nigeria Customs Administration was unanimously elected as the Vice- Chairman of the region, to succeed or take over leadership from Senegal. Since Vice-Chairman is usually elected every Two (2) Years. By the Year 2012, another election was to take place in China, again the whole Customs Administration in the region unanimously re-elected the Nigeria Customs Administration for yet another Two (2) years leadership provision, which tenure will end in year 2014. At the regional meeting held in March this year at Cameroun, all the regional Customs administration insisted and opposed an election asking the Nigeria Customs Administration to continue; to give room for further administrative cohesion and stability in the region. But in the modesty of the Nigeria Customs administration, the Presiding Vice- Chairman insisted that he wish to step- down to give room for others in the region to run its affairs. After much consultation, the Regional Customs Administration resolved and came up with two conditions to its presiding Vice- Chairman, that: The Vice- Chairman should make a Promise that the Nigeria Customs Administration will continue to assist other Customs Administration in the region. The Vice- Chairman should continue to liaise and encourage the Custom Administration that will take over from Nigeria. Having agreed on this, the Custom Administration of Cameroun succeeded the Nigeria Customs Administration. ACTIVITIES / ACHIEVEMENTS OF THE VICE CHAIRMAN FROM 2010 – 2014 From inception into the office in 2010, the Nigeria Customs Administration, while appreciating the fact the duo have something to gain from each other, assured members of the region of its willingness and determination to effectively prosecute the lofty ideas and policies of the World Customs Organization – WCO in the region. Secondly, Regional Members were assured of being carried along as he declared all the CAs as Co-Vice Chairs. As a Strong focused leader, the Nigeria Customs Administration was quick to assess and understand each member’s capacities and immediate needs. It discovered that most of the regional Countries needed to be assisted and lifted from their non-identifiable level. It also promised to train any Customs Administration that requires and indicates its interest for training and re-training needs. SOME BENEFICIARY ASSISTED COUNTRIES IN THE REGION The Nigeria Customs Administration was able to satisfy the needs of some of the Customs Administration within the region and this made them to repose confidence in the Leadership of the Nigeria Customs Administration. Some of the assisted Customs Administration are as follows:- GAMBIA – Assisted to Expand its ASYCUDA. SIERRA LEONE/LIBERIA – Assisted with Operational Materials, including Vehicles, Computers and its Furniture. GUINEA BISSAU – assisted to be registered with the WCO, sustained annual attendance to Meetings and strengthened their ASYCUDA. CENTRAL AFRICA REPUBLIC – Following the political crisis that engulfed the Country, its ASYCUDA was destroyed. They were assisted with Office Equipment, computers, laptops etc. In addition, they were assisted in the attendance of the WCO meetings. CAPE VARDE – Assisted to attend the WCO meetings and regional meetings. CHAD – Assisted to host regional meeting and provided with office and translation Equipment, etc. EQUATORIAL GUINEA – Was not a registered member of WCO, but was assisted to be registered and encouraged to be a member. It attended the last WCO meeting as an observer. BENIN REPUBLIC – Unable to host regional meeting due to paucity of fund, they were assisted in this regards, by the leadership of the Nigeria Customs Administration. DEMOCRATIC REPUBLIC OF CONGO [DRC] – Was directed by the WCO to host a regional intelligent liaison meeting but due to financial constraint could not. The Nigeria Customs Administration came to their aid. NIGER REPUBLIC – Assisted with Operational Vehicles. Virtually, all the regional Customs Administration have been assisted in one way or the other, especially, in the aspect of training, retraining and by the way of interventions. The Nigeria Customs Administration due to its encouragement and mobilization ability in the region has greatly improved and sustained the attendance to the WCO’s meetings from the initial eight (8) membership attendance per meeting to at least twenty two (22) membership attendance per meeting. This was generally applauded by the Central Administration and other Regional Administration, as the WCO officially sent a letter of recognition for “Strong Leadership” awarded to the Nigeria Customs Administration. Worthy to be re-emphasized, as the benefits of massive attendance, was evidenced during the “Niamey meeting where the Nigeria Customs Administration took the bold initiative to move a motion that “Pre – shipment or Destination Inspection of Cargo by an Agents Should go ” and the motion received a solidarity votes resulting to & # 8221; Niamey Declaration” . VICE- CHAIRMAN ACTIVITIES AT THE WORLD LEVEL The Vice- Chairman has made various positive contributions and presentations at different WCO meetings/sessions. Equally, it has chaired and participated in some technical committees of the WCO. The Vice- Chairman made great remarks at the WCO meetings held in Netherlands, Dubai, United States, Argentina, etc. Precisely, at the Argentina meeting, the Vice-Chairman made a presentation on the global need for Custom Administrations to end the use of Cargo Inspection Agents in the prosecution import and export transactions and handling, using Nigeria and other Countries as a case study The presentation was centered on and x-rayed the factors that necessitated the emergence of Pre-shipment inspection agent in so many Countries. Principally, the attractive but unrealistic role of the pre – shipment Inspection Agents are to check: Capital Flight, importation of substandard products, effects of transferred Pricing, and the influx of prohibited imports/contrabands, etc. In the presentation, the CGC/Vice- Chair posited that the aims have been defeated instead, that the inspection agents themselves are agents of Capital Flight. Sighting example where the agents make $10 million Dollar for no- cost functional services rendered. His conclusion that based on a cost – benefit analysis, the remedy is worse than the disease. This development sets the Customs administrations using Pre-shipment Inspection Agents and the Pre-shipment Inspection Agents into a critical thinking REGIONAL MOBILIZATION TOWARDS THE TERMINATION OF PIA However, Customs Administrations in the region has come to terms with the reality for them to end Pre-shipment inspection in their Country. Presently, most of them are partnering with the Nigeria Customs Administration in this regards, the Vice- Chairman, has been responding faithfully to such request. Statistically, when the twenty two Customs Administrations in the region using Pre-shipment inspection agents eventually retire the Inspection Agents, only five pre-shipment Inspection Agents will remain in the world. Presently all the Regional Customs Administrations are already keying into this order. To mention but few Countries that has commenced this process are: Ghana, Cameroun, Niger, etc. THE RELATIONSHIP BETWEEN THE NIGERIA CUSTOMS SERVICE (NCS) AND THE WORLD CUSTOMS ORGANIZATION (WCO) When the Nigeria Customs Administration took over the Vice- Chairman of the West and Central Africa Region, it was not selfish in representing only itself in the global affairs of the organization. Rather, it embarked massive mobilization, registering with the WCO, Financial /Moral encouragement of all the Customs Administration under the region. Today, contrary to the initial 8 membership country attendance to the WCO meetings, a minimum of 22 out of the 23 Customs Administration from the region now attends each WCO Meetings in Brussels and any other international Conferences of the WCO. Remarkably, at each meeting session of the WCO, most of the Customs Administration from the region has always open their Country’s speech on a note of thanks and appreciation to the Nigeria Customs Administration led by the Vice -Chairman, for making it possible for them to attend the meeting, openly reemphasizing the tremendous supports of the Vice- Chairman to their operations. In the recognition of this and other positive in-roles and participations to WCO Council Sessions and activities, the WCO Secretariat did not only issue a letter of commendation for “Strong Leadership Ability” to the Vice- Chairman of the region, but also reposed a lot of Trust and Confidence on the Nigeria Customs Administration. This culminated into the decision to invite the President Federal Republic of Nigeria, His Excellency, Dr. Goodluck Ebele Jonathan to address the general session of WCO. In one of the visits culminating to the commissioning ceremony of the Staff and Command regional College, Gwagwalada, the WCO Secretary General never hide his amazement to the massive world class super structure and facilities that were provided by the Nigeria Customs Administration and openly admitted in his speech that he has seen in the recent time, “a visionary, ‘dedicated and proactive Custom leadership”. This particular endorsement by the WCO Secretary General compelled other Customs Administration of other region to pay a visit to the Staff and Command Regional College, Gwagwalada, which now play host (a haven) to international, continental and regional policy groups who use the facility for further research works, training and retraining, etc. Most importantly, after their research, training and retraining programmes, the government of such group sends in a thank you and commendation letter to the Nigeria Customs Administration. In an open meeting of the WCO, the Secretary General noted that he will not to refuse or hesitate to Honor any invitation from the Nigerian Customs Administration. Recall, that the WCO Secretary General has visited Nigeria more than Three (3) times in the recent time. In most cases, the WCO feels more comfortable to assigns, delegate or instructs the Nigeria Customs Administration to execute briefs on its behalf, especially within the region or other regions in Africa. As such the relationship between the Nigeria Customs Administration and the World Customs Organization can be said to be more cordial than it was before. THE JOURNEY TO THE STAFF AND COMMAND REGIONAL COLLEGE, GWAGWALADA – a leadership commitment It is noteworthy to state that, as an administrative policy, during and throughout the construction and furnishing duration of the Staff and Command College, the Nigeria Management team ably led by its Comptroller General who so much believe in physical supervisions ensures that on every Wednesday of the week, they collectively board a Toyota Coaster Bus, “on a journey to the supervision of work in progress” . This is a hallmark of commitment and collective responsibility on the part of the management team, which also was applauded by the past and incumbent Presidents on the day of its official commissioning ceremony. Suffice to state that today Gwagwalada has become a recent tourism destination and global Citadel for Academic excellence. AN ENDORSEMENT OF A TRADE SOLUTION – Pre Arrival Assessment Risk, “PAAR” PAAR INITIATIVE- A Background Pursuance to the earlier stated International Supply Chain management Guideline – ISCM, the Nigeria Customs Administration, developed a trade portal known as the “Nigeria Trade Hub “. It took this“initiative in line with the modernization vision of the Service which was consistent with global best practices as recommended by WCO Revised Kyoto Convention of the WCO on the Simplification and Harmonization of Customs Procedures and the WTO Trade Facilitation Agreement” Practically, the “Nigerian Trade Hub” came about against the backdrop of the Customs Management Team past experiences with several government policies culminating into the appointment of several private import duty handlers and cargo inspection agents, who took over the core Customs functions on reasons of corruptions and inefficiencies, but same private handlers has also proven itself to be even more inefficient and corrupt, based on available trade generated information and statistics. It will be recalled that before the debut of the Nigeria Trade Hub – the FGN, initiated a One-Stop- Shop investment centre. The investment center is to serve as a warehouse to provide a desk for all government agencies and organizations having an investment interest. The Nigeria Trade Hub has reduced to a large extent the need for physical visit to the OSK The Nigeria Customs Service PAAR Technical Team provided all System requirement specifications, Business Process flow, while the final Coding and implementation was done collaboratively with the NCS Consultants (West Blue Consulting). Recall that the whole idea was to reduce physical contact and reduce the time of going up and down seeking for information. Today, embassy staffs, international organizations and the trading public save their time of going to ask questions on import and export related issues, which the “Nigerian Trade Hub” has now addressed. STRUCTURE AND FEATURES OF THE “NIGERIA TRADE HUB” These special features in the “Nigeria Trade Hub” portal are uncommon with other member Country National Single Window Network. When the “Nigeria Trade Hub” was presented to the President, Federal Republic of Nigeria, he engaged the Trade Hub acting as an intending importer and thereafter, he commended the service highly and endorsed the Portal. The Nigeria Trade Hub” has since been presented to different countries of the world, cutting across America, Asia, Europe and Africa. The Trade Hub has indeed evolved a lot of changes and has added serious values in the trading environment via facilitation of trade. The “Nigerian Trade Hub “is equipped to assist the trading public in terms of Classification, Quality/Quantity Control, Valuation, Approved Regulatory Agency Requirements on every product, their Office Address, Currency Conversion, Payable Taxes, Foreign Exchange Rate, guiding against Prohibited Items among others. As a complementary trade tool to the Single Window Network developed by the Nigeria Customs Service, the Central Ruling Center warehouses the PAAR and the “Nigeria Trade Hub” are now under ICT. At this Ruling Center, trade decisions are taken, trade disputes and conflict resolutions are made. This ruling center coordinates all the activities of the Single Window,” Nigeria Trade Hub” and “PAAR”. The “Nigeria Trade Hub” becomes a veritable tool for the Nigeria Customs Administration adherence and compliance to the revised Kyoto Convention, hence, as documentation processes, cargo operations and transactions are now e-commerce(online), thereby engendering harmonization and simplification of procedures as contained in the Kyoto Convention. The emergence of the “Single Window”, “Nigerian Trade Hub”, and “PAAR ” are all activities and the functions of the Ruling Center compliance to the Kyoto Convention. However, compliance to treaties and conventions are not the same thing as compliance in relation to import declaration. The whole idea is to promote compliance on the part of the trading public. In this case, emphasis is on trade facilitation and not just on simplification and harmonization quest of the Kyoto Convention. THE INFORMATION COMMUNICATION TECHNOLOGY( ICT) – Training/Backups The Nigeria Customs Administration can now easily conduct ICT training to build the capacity of its officers, additional provision for the training of about 300 Customs Agents has also been concluded by the Service. The idea is to replicate what is obtainable in Japan, where the Customs Agents know exactly what the Customs officials know. The Customs Administration is also in a progressive compliance with the “Arusha Declaration”, which deals with integrity and transparency.The trade hub, the PAAR and the single window as coordinated by the ruling center are all activities of integrity and transparency, in this regards. It has reduced the tendencies of sharp practices and increased knowledge of the customs operations and access. Notably, face- to- face with computer is the first self-probity, because whatever you feed into the computer deals with integrity probity. Therefore, whatever you put is a witness against you. The introduction of Private Sector Consultative Group (PSCG) as provided under the WCO /Safe-Frame Work of Standards. The Nigeria Customs Administration in adherence to this concept, had in the year 2011 held a Town Hall meeting with the trading public(the Nigeria Shippers)and thereafter, the Customs Consultative Committee – CCC, was set- up to undertake advisory. sensitization and research roles to the Customs Administration. from the stand- point of private initiative, hence, the WCO administrative policy quest for: People, Partnership and Political support(3ps) . pursuance to the global evolution for a modern Customs Administration, so that even when the supervisory Minister of Finance demanded an explanation of the constitution of the committee, she was properly briefed about the CCC constitution in 2012 as provided in WCO/Safe Frame-Work of Standards. PARTNERSHIP AND COLLABORATION EFFORTS The International Customs Day is marked on the 26th day of January of every year. Every year has a theme. Three (3) years ago, it had the theme: “PARTNERSHIP” which placed emphasis on the global customs administrations to partner and collaborate with the stake holders in their respective countries. This has been exemplified by the Nigeria Customs Administration where, apart from the constitution of CCC, it has strong partnership with other security agencies of government which paved way for their reciprocation via support towards the integration into the Nigeria Customs Single Window Network. This implies that, for the stakeholders to be on the same page in these modernization and transformation drive, in line with the above; the Nigeria Customs Administration is promoting Business to Business (B- to- B) Partnership and Customs to Customs ( C- to- C) Partnership. This Partnership drive is also encouraged at the operational base, hence, the Area Comptroller now observe monthly stakeholders meetings, where operational issues are brought up, discussed and addressed. Notably, Partnership, Collaboration, etc. is an ongoing policy. Even though all the stakeholders are yet to key into the present administrative policy changes initiated by the Service, but they will soon key in, hence they will be left out, because change is constant. Nigeria Customs effort towards evolving Authorized Economic Operator(AEO)/Mutual Recognition Agreements(MRA) as canvassed by WCO SAFE frame work of standard is worthy of note. In Nigeria, the Customs Administration has commenced the application of Authorized Economic Operator status in a small scale, known as the FAST- TRACK status granted to so many manufactures and importing firms. Authorized Economic Operator AEO status at a full scale will operate cut across countries. p.ej. an AEO in the region is a business firm who’s Integrity, Transparency and Honesty has been tested in Nigeria, also tested by extension in Cotonou(Benin) or any other Country within the region, so that by the time the business firm makes a declaration in Nigeria, it covers any other country within the region. So presently, the Nigeria Custom Administration is looking forward to endorsing reputable firms that will operate the full scale authorized economic operator, but for now, the small scale authorized economic operator(fast track status) is sustained . When the present firms that have acquired a fast track status grow to operate beyond borders and their integrity, honesty and transparency remain intact, the Nigeria Customs can then vouch for them and endorse them into the full scale authorized economic operator, that means an Authorized Economic Operators once endorsed, his imports/exports goes through all the borders on TRUST without being subjected to interferences (checks reexamination) till it gets to its final destination. MUTUAL RECOGNIZED AGREEMENT (MRA) There is what is called “Custom Mutual Administrative Assistance” (CMAA). This gives room for customs administration to have administrative agreements. This has not been easy because most conditions find it difficult releasing trade information to another country`s custom administration. Ordinarily this agreement – CMAA provides for instance, if the Nigerian Customs Administration required an information or the true value of an import from another country (the origin of the importation) or where there is a likely trade fraud concerning imports.Custom administration is expected to furnish or release on trust the requested information as required by the Nigerian Custom Administration, but the reverse is the case. Some CAS will never release such information on request, due to its disposition on trade secrets. The second component of this agreement is capacity building (exchange of ideas) through training and the transfer of expertise that will guarantee technological, operational and administrative advancement; but the non-willingness to share information by the advanced exporting countries to the less-developed importing countries poses a greater challenge to the successful application of these agreements, if not, the agreement itself is noble because it is targeted to promote and facilitate trade as well as encourage security related issues and information gathering. THE INTRODUCTION OF SYSTEM AUDIT From the year 2009, the Custom administration came up with a six- point Agenda, which effective pursuance and administration have addressed issues relating to building capacity, ensuring that there is transparency, ensuring that the welfare of offices are duly covered to ensure partnership with stakeholders and to ensure the exchange of information. The system audit is the component of the six- point agenda, improving the capacity of officers to effectively discharge their briefs promptly and efficiently in their respective duty posts. NEED FOR A CLEAR EXPLANATION OF THE WORKINGS OF THE SYSTEM AUDIT It has become necessary to make vivid explanation on the workings of the System Audit as Importers and Agents, most time misconstrue and query the relevance of this important desk in the Custom clearance parlance. The system audit will check a particular document, see where it is classified, see what value is been given and then come up with an entire system of probity transaction. On the spot, the system provides a vivid position of such transactions. This is because, ab-initio, the system itself was structured and programmed on integrity, so that once you come up with or inputs dishonest transaction, the system will query the transaction forthwith. The system audit is a reflection of both capacity building, integrity and transparency at work. The system can be viewed by the supervising Minister in the comfort of her office. The system views and captures all transactions and documented activities in all the customs formation timely during the clearance processes. The system audit is configured in such a manner that, it self-audits transaction as lodged into the system by a declarant. Once a declaration is made with a dishonest intent, the system audits and sends an alert to the appropriate quarters, especially the command where such import is being discharged. The system audit triggers alert where there are discrepancies between the weight of a cargo entered in the manifest and the weight declared by the ip order or where there is wrong classification and declaration. The whole idea is for the respective command to review and carry out a review and thorough check on such transaction, as the management is not claiming to be 100% right or Sure of its claims. Alternatively, therefore, an “alert” represents a directive to re-check on the suspected transaction. The System Audit is another design of post- clearance audit. In specific terms, while the System Audit conducts system check on transactions undergoing clearance processes, the Post- Clearance Audits conducts a system check on concluded transactions that have left the port. Essentially, Post- Clearance Audit reviews and reconciles the transactions of the importers on the fast track status and sample other transactions that has left the port. The practice is in consonance with compliance to trade laws and on trade facilitation. The Official Functions, Activities and Performance of the System Audit are explained below: a) Transaction Monitoring with a View to ensure compliance among traders. b) Intervention on import, export, transpire and transit declarations with infractions using some set risk management criterial, to ensure compliance with the extant trade regulations. c) Reconciliation of Manifest, SGD, RAR’s /PAARs records. d) Follow- up on unutilized RARs / PAARs, Bill of Ladings and unpaid assessments. e) Data mining and rendition of statistical data to Management and other Government agencies for the purpose of planning and policy formation. f) Vessels and Cargo tracking. g) General revenue recovery. a) Generate report on unutilized RARs/PAARs, unutilized Bills of Lading. Unpaid assessments etc. b) Write letters to Importers and agents requesting for evidence of utilization of RARs/PAARs, Bill of Lading, payment of duty on unpaid assessments and on discrepancies arising from reconciliation of import documents. c) Send real- time “Alerts” to all Area Commands and the management on identified infractions on declarations, procedures, transpires, temporary importations, etc. d) Generates trade reports and statistical data for the management and other government agencies as directed by the management. PERFORMANCE AND INTERVENTION BENEFITS The Total Un-Utilized RAR, UN-Paid Assessment and Alerts Interventions from January 2010 to July 2014 = #190,218, 196,158:00 (One Hundred and Ninety Billion Two hundred and eighteen million one hundred and ninety six thousand and one hundred fifty eight naira only). In April, 2014, a Revenue Recovery Team was inaugurated to further reinforce the efforts and burst the scope of the System Audit. Within the period under review, noticeable improvement has been recorded in the overall revenue generation in the second quarter, over the first quarter of the year (2014), with a performance difference to the tone of N138,683,629,113:30 ( One Hundred and Thirty Eight Billion, Six Hundred and Eighty Three Million, Six Hundred and Twenty Nine Thousands, One Hundred and Thirteen naira only) CAPACITY BUILDING/STAFF STRENGTH The Customs Administration is committed to and believes in basic training and capacity building of its officers and as such, training and retraining is a continuous internal ongoing program of Service, in all departments and Units. This is to achieve an overall efficiency and performance on the part of its officers. Already a Training and retraining programme has been designed to suite all officers within the ranks and files. Officers shall be deployed in batches to Gwagwalada Command and Staff Training College to re-emphasize the importance of ICT applications at all levels via refresher courses, this is because there is no end to training. After, the first batch of one thousand (1000), it shall be segmented in phases till the total workforce has been adequately trained. Essentially, the essence of this training is for the senior officer to be well equipped in their skills so as to increase their supervisory capacity, while the junior officers are trained to be mastery and on top of their duties. Notably, capacity building is a capital intensive project, however, the present Customs Administration still fully keep to its responsibility. Remarkably, this capacity building is inclusive of international seminars and conferences which officers have attended within the ranks and files, and it is on-going. Such international seminars and conferences are targeted towards the exchange of expertise, increased knowledge and exposure. Presently, over a thousand officers are already beneficiaries’ empowerment training programme, cutting across the ranks and files. The management team on their part adequately attend international meetings, WCO, WTO, UNCTAD, World Bank, etc. and at the end knowledge acquired are well integrated into the administration for optimal efficiency. As generally noted, “information is power”. The management team have sustained training, re-training, through workshops and seminars for their officers to build capacities and be self-reliant and efficient. The collective benefit of the capacity building explains why the officers are better off and efficient in handling the Destination Inspection Scheme. Today, the Custom administration efficiently handles cargo valuation, inspection and scanning. It is now evident that often times, setting up external bodies to reform the Custom may not achieve much, but when you allow the Customs to reform itself in line with organizational discipline, greater result is achieved depending on the disposition of the leadership in understanding the needs of the Service. THE WELFARE OF OFFICERS In order to address the negative impact of Corruption under the prevailing dispensation, the Customs Administration embarked on series of researches, so as to ascertaining real time measures needed to mitigate against integrity and work ethics and to improve and as well match Capacity building with integrity and transparency improvement tools. In this regards, Salary and Welfare improvement was initiated and became a top-most priority by the Nigeria Customs Administration. Today officers salaries and welfare packages cut across the ranks and files have been restructured, thereby stimulating the zeal and confidence on the Officers. Accommodation challenges has been tackled squarely, old Customs Quarters have been rehabilitated, building of new quarters is on-going, many are already completed and commissioned. Operational Areas and Zonal Commands structures are given a first lift. The era where officers posted to their duty post, end up using the stir cases and enforcement units for accommodation purposes is gone for good. Today, modern Staff Buses are acquired. Staff Buses in most Zones serve as the only convenient means transportation to work to and from their respective offices. Presently, the “Owner Occupying Scheme” is on-going. This scheme offers the officers an accommodation and effect a little fraction deduction in percentages from the officer’s salary per month, so that within the period of his service culminating into retirement time, the occupied house automatically becomes the property of the officer. Pursuance to this scheme, three different Building Construction Companies are separately handling and developing 2000 Housing units each. Some others are handling and developing one thousand housing units each . The essence of all these welfare packages is to rekindle patriotism, confidence, zeal, integrity commitment and hope on Serving Officers. IMPACT OF IT COMPLIANT TRAINED WORKFORCE First and foremost, having noticed the shortcomings of the inspection agents and the amount of money paid to them, it is a practical statement to posit that, if half of that money is given to the Nigerian Customs to increase and train the workforce, then the Nigerian Customs Service would be contributing its quota towards reducing the unemployment rate bedeviling our country, thereby, leading to economic prosperity and development on the part of the employed fellows, the Service and the Nation. Today, with the number of the deployed officers manning the ruling centre, coordinating the workings of the “Single Windows Network”, ”Nigerian Trade Hub” and “PAAR Applications”, statistics proved a better performance compared to the service providers regime. For instance, the Custom Administration now handles classification, valuation, and inspection, thereby saving the Government the initial one percent (1%) CISS paid to the erst while Service Providers, which totaled (from 2004 – 2012.) Two hundred and fifty three Billion, nine hundred and twenty one million, seven hundred and ninety four thousand, five hundred and forty naira, forty two kobo (253, 921, 794, 540, 42). Other notable performances to justify the costs saved for the government, while maintaining the officer’s normal salary within the period of its commencement in administering the destination inspection are as follow: From 1st January to 31st July, 2014, a total number of 163,047 PAARs has been issued, with a total Value of #4,350,132,031,031,101.0:82 and with a CISS saved value (for the Government) of #22,180,939,893:16. A Comparison between the actual monthly Import Duty Revenue and PAAR Revenue profile and performance for the period January to June of 2010 and January to June of 2014, shows a total difference of: N78,036,601,593:10. IMPACT OF WELFARE PACKAGES ON OFFICERS Still on the impact of welfare to the work force, it is also important to note that from researches conducted by the Customs Administration, “increase in salary is often affected by inflation, while it is an albatross to an average Civil servant, whose larger sum of the monthly salary is spent on self maintenance. The inadequacy of social amenities hamper the productive capacity of a civil servant who in the alternative sorts for shorts-cuts to making ends meet, thereby, engaging in bending rules, abuse of work-ethics, and other acts that compromise integrity, which in turn affects the over-all performance of the workforce. The Customs Administration has made welfare a critical item in its administrative policy agenda. It is gratifying to state here that welfare is already impacting on the integrity of officers. On Anti- Smuggling Operations Today, following the provision of adequate office working equipment, patrol vehicles, accommodations, arms and ammunitions, staff children schools, clinics, etc, both Patrol and technical officers at the operational areas, now conveniently discharge their functions with ease. At the border stations, nowadays, it is rare to hear of accidental discharge by an officer. This is because of the integrity and careful training inculcated in the officers, in terms of decent accommodation, development of sound mind and confidence in the Service, provided with efficient working equipment and conducive environment. The era of “abandoned seizure” is gone! As the Customs Administration intensifies efforts in building and expanding the Staff Children Schools in all the zones, the Service Clinic is rated among the best in the Country. INTER – AGENCY COLLABORATIONS Inter- agency collaborations by the Nigeria Customs Administration are getting better, since Nigeria Customs is strategically positioned and evidently present in all the international frontiers/ gate-ways. This has conferred on the Service the “Lead Agency status”. Recall that during the National Single Window debate, some agencies positioned and agitated to be the lead agency, but they were reminded that their physical presence in all the international frontiers are not felt. Today, agencies of the government have come to term with the reality that they belong to the same father, in this case, “the Nigeria Government”. Within the context of the International Supply Chain Management – ISCM, Agencies thrives towards same goal, as such their activities basically is to “complement each other and not compete with each other”. Over the years, the Nigeria Customs Administration has continued to discharge its “lead agency role” with commitment to the provisions in the ISCM, the inclusion, interaction and interface with all agencies and key stakeholders in the Nigeria Trade Hub buttresses this fact. In addition, the Customs Administration is leading in the propagation of integrity and effective complementary roles as the fulcrum to efficient and collective service delivery. It is unheard of that the Nigeria Customs “Clashed” with another Government agency for whatever reasons, not even on agency jurisdictions or cross-function related issues. The Nigeria Customs Administration, if given the needed supports, as it makes progress in its ICT advancement, shall be willing to acquire more efficient and sophisticated cargo scanning and handing equipment. While, the Nigeria Customs Administration is not justifying itself to have achieved or met all its obligations 100%, but has underscored the tremendous transformations recorded in the past 4 years. Fwdr, Chief (Dr) Eugene Nweke ,Rff ,Mpta,Mnis,Fffa,Mccc. National president, NAGAFF. Facilitator: Customs Consultative Committee – CCC. CEO, Virtues Marine and Freight Services Ltd. Gbobaniyi of Ilogbo Eremi Kingdom. 2a Maybin, St Apapa, Lagos, Nigeria. Cell. 08136242266,08023630299. Forex: School Fees, Medical Bills Pain is Temporal - CBN The Central Bank of Nigeria, CBN, on Friday, February 12, said it would soon end the foreign exchange it gives to Nigerian students for school fees and those seeking to pay medical bills abroad. The apex bank, alongside Deposit Money Banks, DMBs, said school fees and medical bills constituted as much as 15% of Nigeria’s forex demand. The CBN, reaching this decision at the bankers’ committee meeting in Abuja, said it would be focusing on releasing forex to the manufacturing sector, which would in turn grow the Nigerian economy. The Director of Banking Supervision, Tokunbo Martins, who spoke to journalists after the meeting, said the pain would be temporal, and it would drive real growth in the nearest future. “It is something that affects all of us, and I think that the watchword is belt tightening. It is pain we may need to go through today, so that there will be long term development in the country,” she said. “If you think about it, the pressure on forex now from school fees abroad is significant. The pressure medicals are significant. At what point should we begin to look inward? “As Nigerians, we also need to be patriotic in terms of our sentiments.” The committee said it plans to divert such medical and school fees forex to boosting manufacturing in Nigeria. The bankers also revealed that Nigeria’s banking inclusion had more than double in the past few years, with about 67 million Nigerians now banking their monies. Singtel: NCS & MHIES-A Secure LTA's S$556 Million Next-Generation Electronic Road Pricing Project. 26 Feb 2016 11:26 NCS, a wholly-owned subsidiary of Singtel Group, and Mitsubishi Heavy Industries Engine Systems Asia Pte Lt, a local subsidiary of Mitsubishi Heavy Industries Ltd, announced that the consortium has been awarded Land Transport Authority of Singapore's $556 million next-generation Electronic Road Pricing system project. The new system is expected to be progressively implemented from 2020 onwards. Omojuwa FOREX Crisis: Food, Beverage Sector To Sack 3m Workers Organised Labour, yesterday, raised alarm that the food, beverage and tobacco sector of the nation’s economy was on the verge of shutting down and that over three million jobs were at risk due to the inability of companies to source foreign exchange to import raw material for operations. Already, leading companies in the sector, such as Nigerian Flour Mills, Nigerian Breweries Limited, Guinness Plc, Nigerian Bottling Company, 7-UP Bottling Company Plc, Friesland Campina Wamco Plc, among others, have written to labour for discussions on retrenchment of workers. In the last three months, no fewer than 1,500 workers had been sacked in the sector as employers seek ways of coping with foreign exchange crisis, among other challenges. Workers during an industrial action. At a briefing in Lagos, leaders of Food, Beverage and Tobacco Senior Staff Association, FOBTOB, called on government to intervene to save the industry and over three million jobs. President of FOBTOB, Quadri Olaleye, claimed that employers in the sector had devised every opportunity to sack workers, adding that between the 2012 and the first half of 2015, over 3,000 workers were sacked in the guise of re-engineering, restructuring, right sizing, downsizing, redundancy and re-organisation. He lamented that over the years, the same excuse of difficult business terrain, dwindling profit, irregular and insufficient power supply, and so on had been given. He said: “The current situation has reached a pathetic level, because it seems all the employers in our sector are in competition with each other on who can lay off the most workers. “Every company is now calling for a downsizing of the workforce, and this time under the guise of lack of foreign exchange due to the Federal Government’s recent policy on foreign exchange. “We are aware that not all the raw materials used in our industry can be sourced locally. Where they can be found, they are mostly not available in commercial quantity. “That is why it is imperative that the government, through the Central Bank of Nigeria, CBN, takes a second look at the policy on foreign exchange to avoid shutting down the companies in our industry.” According to him, companies mostly hit by the crisis are intellectually lazy to engage in research development on alternative sources of raw materials. 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