₦airaland Forum

I don't even knw what to comment
But this guy with the statement ghost how far? This thing is trending wallaiii
I can't just stop laffin....... Were gidi ni bobo yi oo

Is this the Chelsea of last season?
Una never see anything ooooo
Wey Ur Morata? Wey Ur Yokobaka?
Chaiiii,..... I never see this Kain one befor biko

Kwara, Niger, Abuja, Kogi, Plateu, Lagos, Ogun, Ondo, Osun, Ekiti, OYO, Edo.......

Get it right am not mad but the battle is between you and the same Holy Spirit u mocked.

Hi, am Adetayo
Just in case u need a conducive accomondation with an affordable price during Rccg Holy Ghost convention at the camp ground pls email me....
evathony@gmail.com or u can call
07058829780
Thanks
Adetayo

Hi Female Nairalander,
I am interested in a woman that is ready and matured for marriage. Pls it isn't a joke.
It's isn't impossible, innit?
Am 33 year
I work in Media house
And etc
evathony@gmail.com
Mail me pls
Thanks

LEICESTER = CHELSEA
THIS IS DISAPPOINTMENT OF THE HIGHEST ORDER
CHAIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII

Guyyyyyyyy! Its call DEER IGALA

even youuuuuuuuuuuuuuuuuuuuuuuuuuuu

Hiiiii, this is to inform you that with no stress and no purchase of land, you can build your house inside one of the Redeem estates at the redemption camp city. All you require is to pick wh of the of the areas u want your house to be situated. It's not necessary you live there. You can build and resell to people who are keen about living in camp. Mind you, no one is asking you to purchase a land. All u need is to come and see things yourself. It's a huge advantage and it's just those that make a move fast especially the 24 hours electricity, good schools and good road channel to express.
Pls! This isn't scam. I build and leave here in camp also. Thanks! U can call me for more info: 07058829780 or 08062343485. Adetayo......

Hiiiii, this is to inform you that with no stress and no purchase of land, you can build your house inside one of the Redeem estates at the redemption camp city. All you require is to pick wh of the of the areas u want your house to be situated. It's not necessary you live there. You can build and resell to people who are keen about living in camp. Mind you, no one is asking you to purchase a land. All u need is to come and see things yourself. It's a huge advantage and it's just those that make a move fast especially the 24 hours electricity, good schools and good road channel to express.
Pls! This isn't scam. I build and leave here in camp also. Thanks! U can call me for more info: 07058829780 or 08062343485. Adetayo........

Who nairaland don help?

I wonder what Nigeria is turning to

Senate rules forgery: FG to arraign Saraki, Ekweremadu Monday

Senate President, Bukola Saraki, his deputy, Senator Ike Ekweremadu and two others, may be appear before a Federal High Court in Abuja, over alleged criminal conspiracy and forgery of the Senate Standing Rules, 2015.

The Federal Government had, through the office of the Attorney General filed the charges the top Senate officers as well as former Clerk of the National Assembly, Alhaji Salisu Abubakar Maikasuwa and his deputy, Mr. Benedict Efeturi.

The case file against the four accused persons with suit No. CR/219/16 has since been assigned to Justice Yusuf Haliru of the Federal High Court, Abuja before whom they are to be arraigned tomorrow.

In the affidavit attached to the case file, which was filed on June 10, 2016, the investigative police officer swore that the investigation into the case had been concluded.

The two count charges read: “That you, Salisu Abubakar Maikasuwa, Benedict Efeturi, Dr. Olubukola Saraki and Ike Ekweremadu, on or about, the 9th of June, 2015, at the National Assembly complex, Three Arms Zone, Abuja, within the jurisdiction of this court, conspired amongst yourselves to forge the Senate Standing Order, 2011 (as amended) and you thereby committed the offence of conspiracy, punishable under Section 97 (1) of the Penal Code Law.

“That you, Salisu Abubakar Maikasuwa, Benedict Efeturi, Dr. Olubukola Saraki and Ike Ekweremadu, on or about the 9th of June, 2015, at the National Assembly complex, Three Arms Zone, Abuja, within the jurisdiction of this court, with fraudulent intent, forged the Senate Standing Order 2011 (as amended), causing it to be believed as the genuine Standing Order, 2015 and circulated same for use during the inauguration of the 8th Senate of the National Assembly of the Federal Republic of Nigeria when you knew that the said Order was not made in compliance with the procedure for amendment of the Senate Order. You thereby committed an offence punishable under Section 364 of the Penal Code Law.”

It would be recalled that some lawmakers under the aegis of the Senate Unity Forum (SUF) petitioned the police, alleging forgery of the Senate Standing Rules 2015 that produced Saraki and his deputy, Ekweremadu.

The police then invited former Senate President David Mark and Senator Ekweremadu. They were first summoned by the Deputy Inspector-General of Police, Force Criminal Intelligence and Investigation Department in July 2015, to answer questions over their roles in the alleged forgery of Senate rules.

Also invited by the police were the former Senate Leader, Victor Ndoma-Egba and Senator Ita Enang, who served as chairman, Committee on Rules and Business in the Seventh Senate.

Breaking: Finally, CBN Throws Naira Open

Nigeria’s central bank said it will allow the naira exchange rate to be market-driven, setting the stage for a devaluation of the currency when the new system comes into effect June 20.

The Central Bank of Nigeria will select a group of around 10 primary dealers through which the naira will be traded, reports Bloomberg. There will only be one exchange rate and the bank will intervene in the market “as the need arises,” Governor Godwin Emefiele told reporters in Abuja, the capital, Wednesday.

“We’re talking about an open, transparent two-way system,”

Emefiele said. “It’s intended we don’t have speculators and rent-seekers. I don’t expect that any other exchange rate will be recognized.” Three-month non-deliverable naira forward contracts surged as much as 9.5 percent to a record 333 per dollar after the announcement, suggesting traders expect the currency to trade around that level in the market, compared with the current official rate of 199.

Emefiele has faced calls for more than a year to devalue the currency, as other oil exporters from Russia to Kazakhstan and Angola have done, amid a rout in crude prices since mid-2014 to around $50 a barrel. Investment into Nigeria has shriveled as foreigners are put off by capital controls needed to defend the currency’s peg of 197-199 per dollar, while local businesses have struggled to import raw materials and equipment.

Emefiele said last month the central bank would implement a “flexible” exchange-rate policy to help alleviate a dollar shortage that has strangled the economy. Gross domestic product contracted in the three months through March for the first time since 2004 and inflation accelerated to 15.6 percent in May, the highest rate in more than six years, as manufacturers struggled to import raw materials and equipment.

The naira will probably trade in a range of 280 to 350 against the dollar after the central bank implements its decision, analysts at Johannesburg-based Rand Merchant Bank said in a note on Wednesday before the announcement.

God punish you for insulting someone hold enough to be your grandfather. Animal

wolfslair:
You want to give us what belong to us
God will punish you and buhari









long live

shut up if u dnt knw what to comment. If Buhari was ur father what will u advise him. Odehhhhh

I saw 17
17 all the wayyyyyyyyyyyyyyyyyyyyyyyyyy

Me called Kemi Adeosun and lier Muhammed but dem no pick am. Na so me send both of dem dis message.


To Mrs. Kemi Adeosun and Mr. Lier Muhammed, with bitternes of heart I am sending this message to you. You and your cabinet needs to do something fast about this country. You guys and ur children are enjoying forgetting that millions of children are dying. If u excape Tribulations, your children and grandchildren won't. Pls.... fight for this country so that u can have peace in your grave. God bless Nigeria. Change indeede.....

Laiii Muhammed.........if u excape Tribulations, ur children and children's children will suffer hellllllllll. Oloriburuku Minister of Stupid information............ Shegehhh Barawooooooooo

After months of insisting that he had no plans to devalue the naira, President Muhammadu Buhari has caved to pressure to change course; SaharaReporters has learned from an exclusive briefing by a few top aides of the president.

A day after the Buhari administration increased the price of the pump price of fuel by 67%, from N86.5 to N145 a liter, our sources disclosed that Mr. Buhari has also agreed to demands by the International Monetary Fund (IMF) that he significantly devalues the Nigerian currency. Our sources indicated that the naira would be pegged at N290 to one dollar. The current official rate is about N200 to a dollar.

Our sources said Mr. Buhari and his economic team took the decision to accept the IMF’s terms for funds that the Nigerian government wants to access to bridge a critical shortfall in revenue occasioned by a drastic decline in oil revenues. An administration insider told SaharaReporters that Nigeria could receive as much as $3 billion in credit facilities from the IMF.

“The truth is that Nigeria cannot operate without sourcing credit from the IMF,” said one of our sources, an economic adviser to Mr. Buhari, who spoke on condition of anonymity. “And the IMF was adamant that we must devalue before they can discuss extending credit to us,” he added.
Curiously, administration officials took the decision to devalue the naira without the input of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, another source revealed. An official of the CBN confirmed to Saharareporters that bank executives were kept in the dark about the discussions that led to the Buhari administration’s decision to devalue the naira. “Some of us here [the CBN] are not opposed to devaluation, given our country’s present circumstances,” the source said, adding that it was the CBN’s function to pilot Nigeria’s monetary policies.

One of our sources pointed to the fact that the naira has been weakened in the parallel market, where it now sells at N360 per dollar. “The government cannot continue to operate under the illusion that the naira is stronger than it is. The only problem is that we did not start early enough to admit to Nigerians how bad the financial outlook was,” the source added.

The Nigerian economy has been pummeled by falling oil earnings that have led to a near collapse of the economy. The IMF had long indicated its readiness to support Nigeria’s economy with credit liquidity but insisted on Nigeria devaluing its currency. President Buhari had insisted on numerous occasions, before and after his election, that he would never devalue the naira.

It is unclear how Mr. Buhari and members of his economic team plan to justify the about-turn on devaluation and other policy somersaults. After initially vowing to reduce the price of fuel, the government yesterday announced a significant hike in fuel price. The administration also set to announce a 10% increase in value-added tax (VAT), another indication that the Buhari government was embracing the kind of liberalization pushed by the IMF.

To compound dwindling oil prices, militants in the oil-rich Niger Delta region have crippled oil exports substantially after bombing oil pipelines and issuing threats to oil companies to leave the region.

Last week, several oil companies evacuated essential staff from the region’s offshore platform leading to a reduction in daily oil outputs from 2.2 million barrels a day to 1.3 million barrels a day.

OFFICE OF THE VICE PRESIDENT:

THE FUEL PRICING DEBATE: OUR STORY


Fellow Citizens: 

I have read the various observations about the fuel pricing regime and the attendant issues generated. All certainly have strong points.  

The most important issue of course is how to shield the poor from the worst effects of the policy.  I will hopefully address that in another note.
 
Permit me an explanation of the policy. First, the real issue  is not a removal of subsidy. At $40 a barrel there isn't much of a subsidy to remove. 

In any event, the President is probably one of the most convinced pro-subsidy advocates. 

What happened is as follows: our local consumption of fuel is almost entirely imported. The NNPC exchanges crude from its joint venture share to provide about 50% of local fuel consumption. The remaining 50% is imported by major and independent marketers. 

These marketers up until three months ago sourced their foreign exchange from the Central Bank of Nigeria at the official rate. However, since late last year, independent marketers have brought in little or no fuel because they have been unable to get foreign exchange from the CBN. The CBN simply did not have enough. (In April, oil earnings dipped to $550 million. The amount required for fuel importation alone is about $225million!) . 

Meanwhile, NNPC tried to cover the 50% shortfall by dedicating more export crude for domestic consumption. Besides the short term depletion of the Federation Account, which is where the FG and States are paid from, and further cash-call debts pilling up, NNPC also lacked the capacity to distribute 100% of local consumption around the country. Previously, they were responsible for only about 50%. (Partly the reason for the lingering scarcity). 

We realised that we were left with only one option. This was to allow independent marketers and any Nigerian entity to source their own foreign exchange and import fuel. We expect that foreign exchange will be sourced at an average of about N285 to the dollar, (current interbank rate). They would then be restricted to selling at a price between N135 and N145 per litre. 

We expect that with competition, more private refineries, and NNPC refineries working at full capacity, prices will drop considerably. Our target is that by Q4 2018 we should be producing 70% of our fuel needs locally. At the moment even if all the refineries are working optimally they will produce just about 40% of our domestic fuel needs. 

You will notice that I have not mentioned other details of the PPRA cost template. I wanted to focus on the cost component largely responsible for the substantial rise, namely foreign exchange. This is therefore not a subsidy removal issue but a foreign exchange problem, in the face of dwindling earnings. 

Thank you all.

VICE PRESIDENT YEMI OSINBAJO, SAN
May 13, 2016


http://www.premiumtimesng.com/news/headlines/203381-presidency-breaks-silence-explains-hike-fuel-price.html

Alright brooo

Baba, she be 23 years of age

Hi Nairalander! Please don't start insulting, I just want you to advice in brief.
She suddenly broke up with me without any good reasons. All my effort to draw her back prove abortive. She keeps saying she has gotten another man. To my surprise, she called very early today telling me that she needs to pay a certain amount in school and it closing tomorrow. I told her I have the money but can't give her because I'm no more in control and she remains mute. What do I do please? Could this be scam of the highest other? Thankssssss

How would you feel if someone called your father a nonentity? Why can't you just allow this man be and keep praying for him/

Bro! Well said. I call the two of them Idiota. Lalasticlala.......

MosakuAW:
There are some things you do on your wedding day and people will shout Whaoooo!!!.

Not this kind of entrance. This is not unique, this is just stupidity at its peak.

Anyway, it's their wedding i wish them best of luck and i hope tractor will not scatter their marriage in the future.

Pankshin in Plateau State............ and its the coldest part of Nigeria

Alaago (Time Keeper) i ring bell tire like terry G

Ehhh yahhhhh! Baba oni baba. but they didnt do anything na. lolzzzzzzzzzzzzzzzz

COngrats brooooooooooooooo. Use u as poit of contact sir. Bless u

AceRoyal:
Kogi-NC
Bayelsa-SS
Rivers-SS
Court rulings in favor of the ruling party
IPOB/Biafra-NE
Fulani herdsmen-All over
Bokoharam-NE
Shites muslims-NC
Dwindling economy
High employment and retrenchment-All over
Ekiti about been involved-SW
ETC.
PMB and APC slowly twisting the rope that might hang them soon.
There is a BIG DIFFERENCE BETWEEN "LEADING" AND "RULING".

All these things will only make things worse for the masses.
We need wisdom now and not brute force as the solution to every problem in this Nation.
May God Help Us All.
Godbless Nigeria.

which of all dis start doing the present government
PDP destroy this country in 16years and u expect magic in least than 1 year
so go to hell