Monday, June 11, 2018

Productivity describes various measures of the efficiency of production. A productivity measure is expressed as the ratio of output to inputs used in a production process, i.e. output per unit of input. Productivity is a crucial factor in production performance of firms and nations. Increasing national productivity can raise living standards because more real income improves people's ability to purchase goods and services, enjoy leisure, improve housing and education and contribute to social and environmental programs. Productivity growth also helps businesses to be more profitable.^[1]There are many different definitions of productivity and the choice among them depends on the purpose of the productivity measurement and/or data availability.

Sunday, June 10, 2018

Super Eagles depart for sixth FIFA World Cup finals on Monday Author: Uchenna Ajah UPDATED: 43 MINUTES AGO VIEWS: 1121 Category: World News, Football News, Sports - Super Eagles squad members will on Monday, June 11, depart their Avita Resort in Bad Tatzmannsdorf, Austria for Russia 2018 Fifa World Cup - Nigeria will be making a sixth appearance in seven finals after a remarkable debut, 24 years ago at USA'94 - The Eagles always progress to the second round if they avoid defeat in the opening fixtures Nigeria's Super Eagles squad members will on Monday depart their Avita Resort in Bad Tatzmannsdorf, Austria for Russia to participate in the 21st edition of the FIFA World Cup finals which also doubles as Nigeria's sixth appearance in seven finals after making a remarkable debut, 24 years ago at USA'94. After picking the sole ticket in the supposedly ‘Group of Death’ in the African qualifiers, the Eagles' emerged the first African team to book a passage for the 2018 tournament in Russia. At the last count, the Gernot Rohr-tutored side have played out seven pre-World Cup games against the likes of Argentina, Poland, Serbia, DR Congo, England and Czech Republic, winning two, drawing one as well as suffering three defeats. READ ALSO: Ronaldo to 'reject' new Real Madrid £28.5m contract because it's not enough However, wins over Argentina's La Albiceleste and Poland's White and Reds' were followed by losses to Serbia's Orlovi , a 1-1 draw with the Leopards of Democratic Republic of Congo and 2 defeats by the duo of England's Three Lions and the Czech Republic's Nároďák . Eagles' Franco-German manager, believes the result is not Nigeria's best going into Russia 2018, but was quick to add over the weekend, just as team's captain Mikel Obi cried out some days ago, that the 'underachievers' tag to the team by fans' will further spur the team to action when hostilities kick-off in Russia. “We are okay with the garb of the underdog. But the defeats have done something for us – we have our heads firmly on our shoulders and we are focused. PAY ATTENTION: Become a member of the leading sports Facebook group 'Naija Football Fan Zone' “Together, we have reviewed the matches and learnt so many lessons. We will approach the World Cup matches differently,” Rohr was quoted as saying by the Nigeria Football Federation (NFF) official twitter handle. The Eagles' square up against Croatia's Blazers in their opening game on Saturday, but a pip into the records book suggest that Nigeria have won two opening games at the Mundial, draw one and suffered two defeats. Furthermore, an interesting fact is that on three previous tournaments that Nigeria did not suffer defeat in the opening fixtures, (1994, 1998, 2014), the Eagles' reached the second round, otherwise known as Round of 16. “We will take it one match at a time. I love this group because we know how to rise to the occasion together. Nigeria will be ready for Croatia,” added the 53-year-old Rohr, who has only lost one competitive match since joining the Eagles' fold two years ago. Hopefully, the likes of captain Mikel John Obi, Wilfred Ndidi, Oghenekaro Etebo as well as other star players in camp will help the German boss get his groove back when action commences at the Kaliningrad Arena come Saturday. Meanwhile, NAIJ.com previously had reported that Israeli-based Eagles midfielder, John Ogu suffered the air turbulence during Nigeria’s flight from London to Vienna, enroute their Avita Resort training camp in Bad Tatzmannsdorf, Austria. FIFA World Cup 2018: Who Robbed Kanu? | Naij.com SUBSCRIBE TO WATCH NEW VIDEOS TV Source: Naija.ng Read more: https://www.naija.ng/1174358-super-eagles-depart-sixth-fifa-world-cup-finals-monday.html#1174358

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Happy birthday Ngozi Ezeonu Author: Mitchelle Okuku UPDATED: 18 DAYS AGO VIEWS: 2873 Category: Local news, Announcements NAIJ.com celebrates with Ngozi Ezeonu as she turns a year older. The beautiful veteran actress who was born on May 23, 1965 just turned 53. For her immense contribution to the Nigerian entertainment industry, we wish her a very happy birthday and many happy returns. Want to celebrate your special date or that of your friend? Send your request now to announcements@corp.naij.com. It is as simple as that and it costs N1000 only.

Happy birthday Ngozi Ezeonu

On this Day

Happy birthday Toluwalope 'Edge' Yusuf Author: Mitchelle Okuku UPDATED: 3 DAYS AGO VIEWS: 1624 Category: Local news, Announcements Helen Ajomole celebrates Toluwalope 'Edge' Yusuf as he turns a year older on June 6, 2018. "A special birthday wish to a brilliant graphic designer, Toluwalope Edge Yusuf." "Today and forever, I pray that God blesses you with every good thing, with love, with luck and with joy. I wish you the very best in all of your endeavors." "Keep doing what you know how to do best. The sky is just your starting point!" From Helen Ajomole Source:

Happy birthday Toluwalope Egbe

Naija.ng SHOW COMMENTS Read more: https://www.naija.ng/1173769-happy-birthday-toluwalope-edge-yusuf.html#1173769

65 Year Old Woman Gets Burnt To Death By Cultists Author: Oluwatobi Bolashodun UPDATED: 2 YEARS AGO VIEWS: 19345 Category: Photo, Local news A 65-year-old woman identified as Adejoke Adefuye was on Saturday, January 23, burnt to death by suspected cultists after setting her residence on fire. Officials evacuating the corpse Photo credit: The Cable The sad incident, which occurred at 19, Oshinfolarin Street Bariga, Lagos, rendered all the occupants of the building homeless, The Nation reports. The hoodlums who struck at about 9:00 am, trapped the woman inside her room and set it on fire. The suspects were gathered have camped behind the deceased’s room to ensure she did not escape. READ ALSO: Samsung Digital Centre On Fire (PHOTOS) [article_adwert] According to a statement by the Lagos State Emergency Management Agency (LASEMA), the incident was a reprisal attack from one of the cult groups after a fight that began on Friday While other occupants of the building were said to have escaped with minor injuries, Adefuye who was inside one of the rooms, was burnt beyond recognition. It took fire service officials and other emergency responders about three hours to put out the fire. Rasaq Fadipe, the Lagos State Fire Service Director, while confirming the incident, urged residents to always inform the agency of fire outbreak on time. READ ALSO: High Rate Of Fire Outbreak Caused By Harmattan – Official He noted that the timely arrival of firemen to the scene reduced the extent of damage, adding that only two rooms were affected. Meanwhile, the National Emergency Management Agency (NEMA) had blamed the rise in fire outbreaks across Nigeria on the dust-laden weather, Harmattan. Speaking while condoling with the victims of unfortunate incidents, the director general of NEMA, Muhammad Sidi said the rampant fire outbreaks have led to loss of lives, destruction of properties and loss of means of livelihood across the Nigeria. Source: Naija.ng SHOW COMMENTS THINK IT IS IMPORTANT? SHARE WITH YOUR FRIENDS! SUBSCRIBE NOW TO GET NEWS EVERY DAY FROM NAIJ.COM SUBSCRIBE TO WATCH NEW VIDEOS EVERYDAY TAGS: Lagos State News Today HOT: Diamond bank transfer code Ubi Franklin MTN beta talk Yoruba movies Nigeria richest musician RELATED NEWS Check out photos of Tekno's luxurious fleet of cars Check out photos of Tekno's luxurious fleet of cars Read more: https://www.naija.ng/706687-sad-wont-believe-cultists-65-year-old-woman.html#706687

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Friday, June 8, 2018

Argentina announces $50bn standby deal with IMF

By Michael Daventry

last updated: 08/06/2018

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Argentina has announced it has reached a deal with the International Monetary Fund for a three-year standby lending deal worth $50 billion.

The government said it wanted the arrangement as a safety net to avoid the frequent economic crises that have struck the country in recent years.

Treasury minister Nicolas Dujovne said this was 11 times greater than Argentina's quota which reflected the support of the international community for country.

"It is very good news, the integration of Argentina with the world allows us to have this level of support," he said.

"This measure will ultimately lessen the government financing needs, put public debt on a downward trajectory, and as President Macri has stated, relieve a burden from Argentina's back," IMF Managing Director Christine Lagarde said in a statement.

The deal marks a turning point for Argentina, which for years shunned the the lender after a devastating 2001-2002 economic crisis that many Argentines blamed on IMF-imposed austerity measures.

President Mauricio Macri's decision to seek IMF help now has led to fresh protests in the country.

But the assistance was requested after the peso currency weakened sharply last month in an investor exodus from emerging markets.

As part of the agreement, Argentina's government pledged to speed up plans to reduce the fiscal deficit.

That will be even more of a challenge because the authorities predict lower growth and higher inflation in the coming years.

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