profGinger:
Unfortunately man no be God, crude oil price have skyrocketed to 55 dollars per barrel, the geometric increase is a result of the Iran / Saudi Arabia lingering crisis

Don't put your hope in oil.

For Saudi to cut it's budget and increase pump price, then expect drastic measures among the OPEC members!

When will Jesus come sef? Tired of this ThirdMainland Journey!!!!

I no even understand the thing the man dey talk

Unfortunately we cannot have IBB to kick out this badluck Confused One like he did in August 1985
How did we end up with this dull, daft and dumb megida despite his records and all the warnings?
How


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One of the disadvantages of private sector

Blackfire:
Joblessness and loneliness are two things that can kill a man/ woman fast.

Joblessness, yes. Loneliness, no. If you have a job you can't be lonely except that person is a slacker.

GEJ and his gang looted and wasted away Nigeria's fortunes when oil price was over $100 per barrel and Nigerians must now pay the prize! Forget all your pastor said at crossover night, all nah hustle or did he not say the same things the year before? Abi you don get the money now? Brace up for an economic Kaput this year!
The Banking sector is just one amidst the many other organizations that would cut down on it staffs this year and to make all of this worse, the Nigerian economy is import dependent..hmmhmm I smile in Swahili. Where unah go find money reach for Niger this year, I swear unah go mistake counter for coins!
It doesn't matter if you are Igbo, Hausa, Yoruba, Ijaw, Ipob e.t.c This year go tire wrapper for every tribe.
If you like carry the small money when remain for your hand go give your ''sky daddy'' when get big house, cars and plenty plenty dollars, body go tell you!

JaypeeAnics:
The Children of God are exempted.

Amen, to that!

The hand writing is on the wall, It's time we get a plan B, join helping hands now! Check my signature

Wicked forces of change

Na 2day.....who be rewane sef?

SoNature:
Nigeria is collapsing o

I agree with u...dis country is sinking.

I think we don't have a preventive measures mentality...

Do u know dat Nigeria made billions in the early 1970s during the Arabs oil embargo on the US.. but Gowon wasted them in supporting other African countries and Festac festivals etc... To the extent that gowon was quoted as saying that Nigeria has so much money dat she doesn't know what to do with it.

Wat followed yrs later over 10yrs of low oil prices during 1980s Nigeria suffered austerity etc

Same oil prices rose from early 2000s till 2014 wat happen again to the huge billions.. wasted etc...

Now the same Nigeria is abt to suffer and enter into another austerity....

Wat a wasteful country...

From the leaders to the followers..

because the followers during Gowon days are some of the leaders today..

JaypeeAnics:
The Children of God are exempted.

Tah! Who are the children of God?

chesterlee:
By the time Buhari is through with this country... Nigerians would truly know the meaning of Change!!!


Chai Baba!!!

abi now

You have some valid points but have you for once ponder what happen to a nation like like Nigeria whose foreign earning come from crude oil sale? Major exporter of crude oil like Nigeria has taken a major hit due to fall in crude oil price globally and Nigeria will not the exception. Strong Naira means our export will be expensive and import affordable to average Nigerians which will bring deficit balance of payment and the government will have to continue borrowing to finance the budget and this will send us toward Zimbabwe's way. As much as devaluation of Naira has some disadvantages, it is out best shot if we want to stimulate the economy and be able to export agricultural produce.

echelons:
God save the bankers and their banks.
Btw, why can't these people just get it into their skull? WE ARE NOT DEVALUING THE NAIRA AGAIN FOR NOW.

The CBN governor, Finance minister, and indeed President MB should reject in all ramifications these calls from IMF and these investors to further devalue the Naira, or allow it to be controlled by open market forces.

Should the Naira be devalued further, prices will skyrocket, inflation will go up, Naira will have no value, civil servants will demand for salary increase, poverty will reign supreme.

All these media sponsored campaigns are from heavy foreign investors who will make huge margins from their "hot cash" investments. They have been propounding all sorts of economic theories in support of devaluation. The same way they propounded theories upon theories for Greece and Greece is now forever indebted to EU nations and IMF with no sight of recovery.

We need sustainable, gradual growth that includes the low, average, middle income earners in the country.

Emefiele has my support on his theories.

THE CHAIN-GE HAS COME

WE WILL REPAIR THE ECONOMY

BUT MAJORLY, PROBING IS OUR MAIN JOB.

APC CHAIN

Thousands Of Workers Lose Jobs As Visafone Winds Down Operations - Career

https://www.nairaland.com/2844142/thousands-workers-lose-jobs-visafone/2#41690460

kamez:
for those bankers who spend as they earn without any reasonable savings, e no go easy for una..

any smart and good thinking banker knows that saving for the rainy day is a priority...

Jealousy! Please remove the log in your eye first.

xandy84:
You have some valid points but have you for once ponder what happen to a nation like like Nigeria whose foreign earning come from crude oil sale? Major exporter of crude oil like Nigeria has taken a major hit due to fall in crude oil price globally and Nigeria will not the exception. Strong Naira means our export will be expensive and import affordable to average Nigerians which will bring deficit balance of payment and the government will have to continue borrowing to finance the budget and this will send us toward Zimbabwe's way. As much as devaluation of Naira has some disadvantages, it is out best shot if we want to stimulate the economy and be able to export agricultural produce.

This is just one of the Economic theories they've propounded in order to achieve their aim.

The situation on ground does not warrant further devaluation, at least for now. The little cash Nigerians have will become less capable of paying the bills. People will start starving and this may lead to civil unrest and revolution (just like it happened in Greece that led to a change of government yet, they have not recovered).

Government cannot save from all fronts. Our foreign reserves can still cushion the imbalance pending when the economy starts to grow again.

Foreign investors know that their hot cash investment will yield great fruit if the Naira is left to the forces of Open market but when the revolution starts, they will be the first to take their money elsewhere and we will be the ones to suffer.

PS. Zimbabwe's economy failed because of lose government interference in economic activity of a developing nation.

Let's all Say NO to Naira devaluation.

echelons:
God save the bankers and their banks.
Btw, why can't these people just get it into their skull? WE ARE NOT DEVALUING THE NAIRA AGAIN FOR NOW.

The CBN governor, Finance minister, and indeed President MB should reject in all ramifications these calls from IMF and these investors to further devalue the Naira, or allow it to be controlled by open market forces.

Should the Naira be devalued further, prices will skyrocket, inflation will go up, Naira will have no value, civil servants will demand for salary increase, poverty will reign supreme.

All these media sponsored campaigns are from heavy foreign investors who will make huge margins from their "hot cash" investments. They have been propounding all sorts of economic theories in support of devaluation. The same way they propounded theories upon theories for Greece and Greece is now forever indebted to EU nations and IMF with no sight of recovery.

We need sustainable, gradual growth that includes the low, average, middle income earners in the country.

Emefiele has my support on his theories.

You really understand the concept.

Buhari sef,
Mmsteww

You said when the 'Economy grows' but how will the economy grow when we do not produce anything, no FDI, continuous slide in the price of crude oil, and strong Naira which discourage export and encourage import? Our only option is to follow the China's way which is devalue our currency and start production of exportable commodities.

echelons:


This is just one of the Economic theories they've propounded in order to achieve their aim.

The situation on ground does not warrant further devaluation, at least for now. The little cash Nigerians have will become less capable of paying the bills. People will start starving and this may lead to civil unrest and revolution (just like it happened in Greece that led to a change of government yet, they have not recovered).

Government cannot save from all fronts. Our foreign reserves can still cushion the imbalance pending when the economy starts to grow again.

Foreign investors know that their hot cash investment will yield great fruit if the Naira is left to the forces of Open market but when the revolution starts, they will be the first to take their money elsewhere and we will be the ones to suffer.

PS. Zimbabwe's economy failed because of lose government interference in economic activity of a developing nation.

Let's all Say NO to Naira devaluation.

Thank God I have left that wicked sector where you wake up by 4am to go to work only to get there and you cannot login.
What an inhuman way to lay off a staff that has contributed all his youthful energy.
I am very sure nowadays they don't even pay severance package to these set of workers. Banks should just return to what they used to be FirstBank, UBA and Union bank. The other banks should be affiliates of these three banks. We don't need all the many banks that lack depth and no job security or career advancement plan.
Some of them even go as far harassing their staff and giving them demonic targets.

chesterlee:
By the time Buhari is through with this country... Nigerians would truly know the meaning of Change!!!


Chai Baba!!!

hehehe na real chai buhari

But seriously are banks really banks in Nigeria. Apart from running after government money easy deposit what else do they do? How many banks in Nigeria really support entrepreneurs.

Some ode would come here and blame PMB for this failed banking system, like it was pmb that owned and run these banks.

They have started already as I know guys who have been laid off since December and January.

maddock:
But seriously are banks really banks in Nigeria. Apart from running after government money easy deposit what else do they do? How many banks in Nigeria really support entrepreneurs.

Some ode would come here and blame PMB for this failed banking system, like it was pmb that owned and run these banks.

Pally calm down....who else do you blame if not PMB? Blame him for taking the bold step and praise him for taking the bold step either way you look at the policy it has its merit and demerits.

The economist is very right. Just look the avenues the banking industries make the income, close to 50percent of it had been blocked.for instance, the #100 charge on ATM of on us is no longer there, Zero COT on current accounts starts this january, most public and govt accounts are now moved to TSA. How do u want them to generate money to pay employees?

[quote author=echelons post=41686568]God save the bankers and their banks.
Btw, why can't these people just get it into their skull? WE ARE NOT DEVALUING THE NAIRA AGAIN FOR NOW.

The CBN governor, Finance minister, and indeed President MB should reject in all ramifications these calls from IMF and these investors to further devalue the Naira, or allow it to be controlled by open market forces.

Should the Naira be devalued further, prices will skyrocket, inflation will go up, Naira will have no value, civil servants will demand for salary increase, poverty wi

All these media sponsored campaigns are from heavy foreign investors who will make huge margins from their "hot cash" investments. They have been propounding all sorts of economic theories in support of devaluation. The same way they propounded theories upon theories for Greece and Greece is now forever indebted to EU nations and IMF with no sight of recovery.
Is 280 to a $ not a devaluation?some people r burying their heads in sand!