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The world will end at 6pm tomorrow according to the followers of an evangelical Christian minister, who claims he calculated the date and time of 'The Rapture' by adding up numbers in the Bible.Read more: http://www.dailymail.co.uk/news/article-1388972/Judgment-Day-Rapture-Parties-planned-evangelist-Harold-Camping-predicts-huge-earthquake.html#ixzz1Mv4BtaZc |
This is a BS story made up by a person, most likely a man, with a lurid imagination. A woman who wants semen for rituals can easily get laid with minimum fuss, without having to abduct her victims. Someone has been watching too much p-orn. |
If this story, I haven't found any other web link to this story, then it further illustrates that we live in a banana republic. I think there is need for new legislation setting clear boundaries for the exercise of the CBN's functions. |
Oloko Nla:Nonsense, the boom to the construction industry from the consequent lower material costs will more than over-compensate for the losses to our indigenous cement manufacturers. There are many building projects that have ground to a halt, with resultant job losses, because of ever escalating building materials costs. The idea that Nigerians have to pay inflated costs just to protect a few local manufacturers is ridiculous. If our manufacturers cannot compete here on price with foreign imports, it's better we import. We tried these import substitution policies before and they didn't work then and won't work now. All they do is create a few rent-seeking highly connected billionaires at the expense of the average Nigerian. |
I always find those who speak with so much pious platitude about the inequities of wage compensation in Nigeria hypocritical. Almost every adult Nigerian is an employer of labour, even if for the briefest of periods. If you have gone to the mechanic, bought something in the market, hired a builder or a tailor, or gone to the barbers, e.t.c, you employed labour in such transactions. I'll bet you all these platitudinous people in their daily transactions will haggle the price they'll pay to the lowest they can get. None of them will pay any heed to the personal circumstances of the petty trader trying to sell them their wares at a marked up price. These Coca Cola employees knew what the wages were before signing their contracts but they signed it nonetheless. To claim that their circumstances are analogous to those of slaves is an insult to our intelligence and the memory of actual slaves. As for trade unions, they perform a laudable role in so far as they hold employers to their contractual and legal obligations. Where I have a problem with trade unions is where they continually demand ever escalating wages to the extent that the viability of their employers and the wage competitiveness of an economy is harmed. |
Baron Pierre De Coubertin, the father of the modern Olympics, would have been laughed to scorn were he alive in present day Nigeria. Coubertin's ethos emanates from a purist's conscience, one acutely aware that triumphs in sport are pyrrhic, if not built with the fundamental blocks of integrity and diligence. His honourable view, that "the important thing in life is not the victory but the contest", does not resonate in the consciousness of our sports administrators. If it did, they would know that we, as a country, should bury our heads in shame and have nothing to celebrate over "winning" the African Youth Championship in South Africa. Our "victory", on May 1st in Johannesburg, is a tragic testimony to our persistence in folly, as the Nigerian Football Federation (NFF) and Taoheed Adedoja, the sports minister, hosted a lavish gala for the Flying Eagles that "won" the championship with over aged players. Two years have not even passed since the Golden Eaglets fraudulently earned a silver medal at the 2009 U-17 World Cup, with the Nigerian Football Federation knowingly including two twenty something year olds - Fortune Chukwudi and Stanley Okoro - in that squad. Adokiye Amiesimaka, an elder friend and learned colleague, presented incontrovertible evidence to the country proving this. And, unsurprisingly, it has not been challenged to this day. His revelation, made whilst that tournament was on, as I functioned as a member of the official FIFA delegation, stirred the hornet's nest, as the NFF unleashed their rabid attack dogs on Amiesimaka. "How can a sane person write something like that at this time?" asked Taiwo Ogunjobi. It is ironic that Ogunjobi, one of Amiesimaka's detractors at the time, whilst a board member of the NFF in 2009, is the one squirming under a criminal indictment in a Federal High Court that could see him end up in jail. In contrast, Amiesimaka, a 1980 African Cup of Nations winner, served Nigeria with distinction, dignity and honour. And the man certainly has cojones. He is not shirking away from the onerous task of reminding us that Nigerian football's marriage to falsehood continues, making prescient remarks about the current Flying Eagles class. "Stanley Okoro, for instance, has no business in that team. He cannot be anything less than 33 or 34 (and yes, he is the same player that was in the 2009 U-17 team!)." "Olarenwaju Kayode was my player in the Sharks feeder team in 2002, and played alongside Fortune Chukwudi, so he cannot be less than 29 or 30, " "Abdul Ajagun was one of the highest goal scorers in the league. He was in Command Secondary School in Kaduna and dropped out of school, in SS2, in the 1990s, and so cannot be U-20," Amiesimaka points out. A culture of silence Six years ago, whilst still a BBC journalist, I had documentary evidence, derived from two different passports, that Obinna Nsofor, currently on loan with English Premiership side West Ham, falsified his age whilst playing for Nigeria at the 2005 African World Youth Championship in Benin. Privately confronting Ibrahim Galadima, the erstwhile Nigeria FA chairman, with the evidence, he ordered - and ensured - that the player be dropped from the team that went on to win a silver medal at the 2005 World Youth Championship in the Netherlands. It was a rare moment when truth prevailed. Rather than engage in hard graft and create teams from the depth of talent available in Nigeria's secondary schools - the only place where you can find players genuinely within the U-17 and U-20 age bracket - national coaches regularly pick ‘teenagers' playing league football, when it is a rarity, even in the most advanced football nations, for a 16 year-old to be playing against seasoned pros! The euphoria - and the spoils - of victory, has seduced Nigerian officials into becoming complicit in a poisonous, insidious culture of cheating, which steals the opportunities of genuine teenagers, with the talent to make a successful career out of football and build a great future for Nigeria. Our culture of silence or, at best, inaudible discontent on age cheating, which is eating away at the fabric of Nigerian football, does us a terrible disservice. It is time for those who really care about our game to stand up and be counted. As Usman Dan Fodio, the 19th century Islamic scholar succinctly pointed out, "conscience is an open wound and only truth can heal it." http://234next.com/csp/cms/sites/Next/Opinion/5698030-184/story.csp |
If he's not dead, he should feel free to release one of his video or audio messages. Even his men have admitted he's dead, yet, we have some people here whose minds are warped by conspiracy theories. By the way, that photo-shopped picture was released by the media and not the US Govt so it's unreliability has no bearing on the authenticity of Osama's death. |
Conspiracy theories have a life of their own and are often impervious to facts and logic. It's a shame Americans are so misinformed that they think Obama was born in Kenya. For such a powerful country, it's citizens seem to be one of the most ignorant in the Western world. |
[quote author=ekt_bear link=topic=648868.msg8150861#msg8150861 date=1303081571]I still don't see how any candidate can get 99% of the vote, even in his home state. Obama didn't get 99% of the black vote in the US. Yet GEJ will get 99% of the vote in Akwa Ibom (for example)? Very fishy. Won't change the outcome, but doesn't pass the smell test at all. . .[/quote]Obama got 95% of the black vote, which is pretty close to what we have here. It goes to show that black people, whether in Africa or in the West, tend to exhibit the same herd mentality. |
Since the rebels have been accusing every black male of non-Libyan origin of being 'mercenaries', holding up those ID papers is neither here nor there. |
My back dey pain me. I follow Obafemi somersault but I no land well!!!! ![]() |
I just dey jump around like mad man! Dayo, give us some music!!!!!!! |
A tale of The Madman of Gambia's actions: DRESSED in ankle-length vermilion robes, adorned with hundreds of tiny cracked mirrors, the witch-hunters had first been spotted by watchmen, through the flames of their campfires, emerging from the bush in the dead of night.http://www.timesonline.co.uk/tol/news/world/africa/article6797697.ece |
The man is an ''inventor''. Apparently, he has found herbal remedies for HIV and high blood pressure. |
The England defender was said to have taken a .22 air rifle with muzzle and nightscope - the most powerful type of gun that does not require a licence in the UK - with him to training last Sunday.Read more: http://www.metro.co.uk/sport/856680-ashley-cole-shoots-student-at-chelseas-training-ground#ixzz1F9TziDRu |
If all else fails and you are desperate, you can always go for overkill like this:
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The CBN has been depleting the foreign reserves in a futile bid to hold up the value of the Naira. The Naira's value falls where the demand for foreign exchange exceeds its supply. The CBN tries to mitigate the Naira's fall by dipping into the foreign reserves to improve supply. The problem is, I think they've overdone it this time. If rising oil prices has not provided Nigeria with enough US dollars, it's time to allow the Naira fall. The more the foreign reserves are depleted, the more rapid the Naira will fall. |
I still can't get my head round how this forced marriage claim wasn't dismissed instantly in court. I suppose since most people here can't tell one African from the other, any sensationalist claim made is given credibility. |
Why do we even need to issue bonds?It's supposed to serve as a benchmark. I don't think we need the money. The idea is that it serves as point of reference in assessing Nigeria's credit worthiness. For me, it's been disappointing. |
PS: What this means is that the investors will get 7% p/a of the loan amount, $35m per year for 10 years and the full amount, $500m, upon maturity. In total, $850m. A juicy return for fund managers when you will get less lending to Ghana. |
[quote author=Ma_J_Blige link=topic=590109.msg7583808#msg7583808 date=1295726169]You dont know the details, yet you speak on it. Wether over subscription is a mark of success or not, that is not the issue, but t is surely not a sign that investors shun the bond. That is the point.[/quote]Yes, I can comment on the naive notion that over-subscription is the mark of a successful bond issue when the key issue for the borrower is the interest rate he has to pay to the lenders. If Gabon and Ghana can issue 10 year bonds at 5.8% and 6.2% respectively, why do you rubes fall for the idea that borrowing at 7% p/a is to be celebrated? If you offer sovereign bonds at punitive yields, there will inevitably be over-subscription but that is not a mark of success. Think of it this way, supposing a trader wanted to sell a car and cars of the same make and in similar condition are going for $4,000. However, due to the seller's less than wholesome reputation, he can only offer to sell at $3400. Inevitably, if potential buyers hear that a car which they have to pay $4000 is being offered at a steep discount, the dealer will have more buyers. However, from the dealer's perspective, the trade is not a success. This is how bond issues are assessed. For people like you, if they hear that NNPC has been sold for $10m and that the Govt claimed the bid process to be a success because loads of investors were interested, you will swallow it hook, line and sinker. They're playing on your ignorance. |
@OP Of course it will be oversubscribed, we are paying punitive yields! On a scale of 1 to 10, I give it a 3. I'll refer you to my post here: https://www.nairaland.com/nigeria/topic-590109.32.html |
For the significance of a managing director in GS, I have to note that a Managing Director position does not have the same cachet as it would have in the Nigerian corporate world. GS has hundreds, possibly over a 1 thousand MDs. Last year alone saw 321 people made MDs. Goldman Sachs Group Inc., the most profitable securities firm in Wall Street history, promoted a record number of employees to managing director, boosting their pay and status as investment banks recover from the financial crisis.http://www.bloomberg.com/news/2010-11-18/goldman-sachs-promotes-321-to-managing-director-up-from-last-year-s-272.html |
I don't know the details about this offering but an oversubscribed bond offering does not necessarily mean it was a success. You have to look at the yield, that's what matters. The yield is the interest rate Nigeria has to pay to the investors. The lesser the yield, the more successful the offering. Investors with huge risk appetite always lap up bonds with high yield. Pretty much every Greek and Irish bond issue was oversubscribed. Here is an excerpt from an article about Greek bond issues weeks before they required a bailout: Athens. Debt-ridden Greece raised 1.56 billion euros ($2.1 billion) in a heavily oversubscribed auction for 26-week and 52-week bonds on Tuesday, its first attempt to borrow since details of a euro-zone and International Monetary Fund rescue package were revealed at the weekend.http://www.thejakartaglobe.com/business/greek-bond-auction-oversubscribed/369236 As you can see, over-subscription is not necessarily a mark of a successful bond issue in a world awash with liquidity. It is merely a sign of investors chasing risk. Nigeria paying higher interest rates than Ghana for bonds of the same duration is not something to pat ourselves on the back for. |
You people are wasting your time discussing an award given by an obscure and publicity hungry man who has created an entity with a grandiose title. I too would soon create my own organisation and dish out awards. The International Institute of Football Engineering coming soon. |
AN AFRICAN academic with a coiffed mane is sipping coffee in a Ghanaian airport when he spots a pulpy Nigerian film on an overhead screen. “A travesty, a grave crime,” he splutters. “Such slowpoke images should never be shown in this country. They are veritably poisoning our culture.”http://www.economist.com/node/17723124 |
1 2 3 4 5 6 7 8 ... 54 55 56 57 58 59 60 61 62 (of 278 pages)
Even his men have admitted he's dead, yet, we have some people here whose minds are warped by conspiracy theories.