₦airaland Forum

meccuno:
LRZNH and eightTHREAD......I believe you are the same dude with the same handle.....its quite funny that all your post are mainly about the igbos or about GEJ.......I don't understand ýou.....

They are ones and zeros on the internet. 99% of them don't even have PVC. Election for them ends on Social media.

Arunma Oteh left her position as head of the Nigerian Securities and Exchange Commission after five years leading market regulation in Africa’s biggest economy.

She left office on Jan. 7 and an acting director general will be appointed, Yakubu Olaleye, a spokesman for the Abuja-based agency, said by phone.

Under Oteh, the capital market “witnessed significant product innovation, improved listing rules, landmark bond-market reforms, the introduction of exchange-traded funds and widening of participation in the markets,” the SEC said in a statement on its website.

Oteh became head of the regulator in January 2010 as the market recovered from a 2009 financial crisis triggered by loans given to stock speculators and fuel importers in Africa’s biggest oil producer. The value of the bourse’s main index reached a peak of more than 13 trillion naira ($72 billion) last year before tumbling to 9.45 billion naira on Jan. 9. Nigerian stocks slid the most in the world last week as crude prices tumbled below $50 a barrel.

Oteh didn’t answer calls made to her mobile phone or return e-mailed requests for comment.

In June 2012, she was sent on “compulsory leave” while the SEC investigated allegations of mismanagement following an audit of spending on the market’s 50th anniversary. She was recalled by President Goodluck Jonathan a month later after external audit didn’t find illegal activities committed by her.

Oteh had created enemies by firing Ndi Okereke-Onyiuke as head of Nigerian Stock Exchange, saying the action was needed to curb “poor corporate governance,” manipulation of the market and financial waste. She cited cases in which hundreds of Rolex watches were bought as gifts and 1.7 billion naira was shared among employees of the bourse.

In October 2013, Oteh said the stock exchange needs oil and gas, power and telecommunications companies to list to meet its goal of reaching a market value of $1 trillion by 2016. South Africa’s FTSE/JSE Africa All Share Index market value of 9.57 trillion rand ($832 billion)

“She was in a hurry to see Nigeria achieve a world-class capital market that would drive development,” the SEC said.

To contact the reporter on this story: Emele Onu in Lagos at eonu1@bloomberg.net

chacoonder:
CRY ME A RIVER NIGGIE

you must be mistaking here. We shall see the criers.

As much as APC hates to believe it, this is the story in people's homes and offices. Many are wondering why APC is allowing this story overshadow them.

Look at their guests on different TV programs, Buhari certificate has become a load to heavy to carry on their necks.

wwwkaycom:
Why was the governor so desperate to join PDP even when some of his followers in LP weren't happy about it

That's a question you should put to the gov.

The Peoples Democratic Party has challenged the All Progressives Congress presidential candidate, Maj. General Muhammadu Buhari, to flaunt his school certificate if he has got any.
The party threw the challenge at the PDP presidential campaign rally organised for President Goodluck Jonathan in Ado-Ekiti on Tuesday.
The Director General of the PDP Presidential Campaign Organisation, Senator Ahmadu Ali, at the event boasted that Nigeria was working under Jonathan.
He said, “Nigeria is working under Jonathan. Anybody who says it is not is six feet below the ground.
“Ekiti has more than 60 percent of all the professors in Nigeria. You have no business voting for somebody whose schools certificates we have just been informed were not available.”
Leading the challenge against the opposition at the rally, the Ekiti State Governor, Ayodele Fayose, said anyone who wanted to rule the country must have the necessary academic qualification.
The Governor, who criticised the opposition party for accusing him of not having the required academic certificate to govern the state wondered why the APC flag-bearer in the February 14 presidential election had not made his certificate public.
Fayose who tendered his certificates at the rally said, “Anybody who wants to be the president of this country must have the necessary qualification.
“The APC said I don’t have a certificate. They shouted and went to the Polytechnic of Ibadan, secondary and primary schools to get photocopy of the forms I submitted. The court told them they are liars and propagandist. Let General Buhari flaunt his certificate if he has got them.
The Ondo State Governor, Olusegun Mimiko, who spoke on behalf of other PDP Governors also challenged Buhari to tender his certificate.


http://www.punchng.com/news/flaunt-your-certificate-pdp-challenges-buhari

wwwkaycom:
For your information, these are the people that made PDP thick in the state, the incumbent governor having lost all electoral value decided to join PDP of recent since he understood that GEJ who doesn't see beyond his nose, would recognize him as the authentic party leader and as such these guys would labour for PDP and he would take the glory, let us now see how the political prostitute will swing the coast of victory to the side of the outgoing president in Ondo State

when was the last time PDP won an election in Ondo?

This thread deserves to be on front page. Let's read and learn, the new standard of corruption in Nigeria.

Mogidi:
NANS - Rejecting illiteracy since 1914.

Imagine a no primary six major general.

[s]

Vikky014:
stop it!!this is real dnt be blinded by politics. i will vote for gej

[/s]

What has voting for Jonathan got to do with this It is your vote, do with it as you please.

ilugunboy:
...and you were more confident of an Omisore landslide victory in Osun.

Yes, I was and called the election for APC without crying over spilled milk.

ilugunboy:
Buhari will win in a convincing manner.....the worst you guys can do is to start blowing oil pipelines.

You said more this before the Ekiti election, some of you are not worth taken serious.

Baawaa:
FeBuhari 15,majority of you,will be nowhere to be find

We shall all see another Ekiti disappearance. nah today.

This is the same way Buhari would not account for N2.8B in 1978. Today that sum adds up to almost $16B. Yet, you people point to everybody else when corruption becomes the matter.

So Buhari did not personally benefit, is now the new standard of public integrity. I only wished, he used this same yardstick in 1984, when people were sentenced to jail, without having the right to confront the evidences again them, under his military tribunal.

"On PTF, Obasanjo said the report of a panel of inquiry established to look into the book of the agency “was not of any material importance.”
According to the former president, he called off further inquisition into the PTF when Buhari assured him that there was no personal benefit accrued to him while his tenure at the agency lasted"


Just like giving INEC your affidavit, when a school certificate was required. Unfortunately for Buhari, the PTF report found N25B, missing. The Nigeria incorruptible men.

Baawaa:
You are one of those that finished GEJ career,by giving him wrong advice

Another 0nes and zeros. Come back after Feb 16, if you have the courage to face your shame.

[s]

ebucha:
hahahah. None of your entire family member can be like me! Not even in the next 3 decades. You can only wish like you said in some of your posts to be a general in the making! Keep dreaming why we move. As for me bringing this to the public domain,my fathers army just lost some of the "few good men left".

[/s]

GO AND DIE. BOKO HARM APOLOGIST

"Mr. Femi Agagu defected alongside the former Speaker of
the State House of Assembly, Victor Olabimtan.
Femi Agagu and Olabintan in Akure today
The duo defected this morning with thousands of supports
from the Peoples Democratic (PDP) including past state
executives members who served under the administration
of the late Olusegun Agagu".


Please remind me the last time these men won an election in Ondo?

Nigeria law makers cannot direct INEC to do anything.. At every level in this country, people refuse to acknowledge their limitation.

Akunyun:
Before people start jumping into conclusion here that PDP has got the crowd, You should also know this that the crowd you are seeing there are assembled there because they were all promised 2K each, Same thing was done in Lag. If you doubt this, Ask anyone you know who is present there!

How much did the APC crowd get? some of you need to grow up.

londoner:
So true, some Nigerians would prefer a government run almajiri system, over actually living in an environment where they can achieve based on their skills and feed themselves and their family. Surprisingly some prefer to live from 'hand to mouth'.

It's shameful really.

Most Nigerians are almajiris, that is the sad truth.

chukel:
Yea, she was a regulator and when u have a bad regulator, it affects the market.

Worry about your bad investment skill before blaming the regulator.

chukel:
abeg sit down. Wat is meritorious about her service. She ought to have left that place a long time ago. Let's tell ourselves the truth. Has there been any improvement in stock since 2008? All the shares I bought in stock market pre 2008 have not made any progress since the collapse of stock market. Let's bring performers on board.

Did you buy a stock traded or managed by Otteh? The last time I checked, she was a regulator. Don't blame your bad investment skill on her.

Code213:
empires have been built on desert!!! A little bit of innovation here, and a little bit of belt-tightening there, and we will get it right. Be optimistic brother..

Pray crude oil falls to a dollar a barrel. So, our environment and its people can heal themselves. Nigeria can build whatever empires she wants.

Code213:
Funny guy! Am from the NigerDelta!!! I have no biznex with whoever oil biznex goes underground. They all can see it coming, so like Nigeria, they should also diversify their income source!

hahahaha, then you should be happy for us. We are hoping oil sells for $1.00. Let's see your income diversity miracle work itself out.

kettykin:
yes i am , but more deluded are the folks who had all it takes to change their destiny in this once in a life time opportunity but what did they do with that Opportunity will be the discourse of the next generation of historians.
My special Sympathy goes to Rivers state in particular and Ikwerre Ethnic group, i hope they will not be in a hurry to chnage them names of their towns and villages by removing the R- prefix

Too childish for me this afternoon. Go cry to somebody else.

Code213:
Yes o! GEJ has enriched their militants. Asari is using their money to develop Benin Republic, the other militants are buying luxury properties and automobiles. Dem neva chi chumthing.......!!

Tinubu, Otedola, Dangote and Danjuma will be more affected, before any ant in the Nigerdelta feels the price drop. Oil at $5 per barrel is a problem for rest of Nigeria not the average Nigerdeltan. Quite frankly a huge relief for the people.

Watch as your state govs, cry themselves to death in the next 12 months.

kettykin:
Good morning Niger deltans, i hope you can smell the coffee now that you have lost your lands and rivers and the oil price has crashed

Are you really this deluded.

The United Arab Emirates said on Tuesday that OPEC will no longer move to shore up crude prices, arguing that rising North American shale oil output needed to be curbed.
World prices have been falling since June but the pace of the slide accelerated in November when the Organisation of the Petroleum Exporting Countries (OPEC) decided to maintain its production unchanged at 30 million barrels per day.
Analysts say that richer cartel members like the UAE have been ready to accept the price fall in the hope that it will force higher-cost shale producers out of the market.
“We cannot continue to be protecting a certain price,” UAE Energy Minister Suhail al-Mazrouei said.
“We have seen the oversupply, coming primarily from shale oil, and that needed to be corrected,” he told participants in the Gulf Intelligence UAE Energy Forum in Abu Dhabi.
Oil prices continued their slide towards six-year lows in Asian trade on Tuesday after Brent crude closed below $50 a barrel the previous day for the first time since April 2009.
The fall came after Wall Street investment titan Goldman Sachs slashed its price outlook, adding to anxiety about global oversupply, weak demand and soft growth in the key Chinese and European markets.
Brent crude for February delivery fell $1.33 to $46.10 a barrel — around its lowest point since April 2009.
US benchmark West Texas Intermediate shed $1.13 cents to $44.94 — its weakest level since March 2009.
Mazrouei said the UAE remains “concerned” about balance in the oil markets but “cannot under any circumstances be the only party responsible,” in reference to rising output from non-OPEC members.

- ‘Not sustainable’ -

Oil producers outside the cartel should be rational about their output, he said, adding that current prices are “not sustainable” for them.
“We are telling the market and other producers to be rational, to be like OPEC and look at growth in the market,” Mazrouei said.
He said that if OPEC had opted to cut production, other producers would have stepped in to make up the lost output and the cartel would have lost market share without any effect on prices.
Mazrouei said current prices were “not sustainable,” particularly for producers outside the Gulf region.
He said that with oil below $50 a barrel, it was uneconomic for shale oil producers to keep investing in increasing production.
“Shale oil brings almost four million (barrels per day) for the United States, and the hope is that it will bring another four million by 2020. That cannot be sustained, produced or invested in at the current oil price,” he said.
Mazrouei said he did not expect a swift recovery in prices.
“It is unlikely that we’ll see a sudden rise.”
He said the drop in oil revenues would not stop the UAE from investing in its production capacity.
“We aspire to keep our role as a reliable supplier and keep investing,” he said.
“We cannot as a responsible oil producer and a reliable supplier in the market just stop our plans every time there is volatility in the market, that is not wise and that’s not the plan.”

- See more at: http://www.vanguardngr.com/2015/01/uae-says-opec-will-no-longer-shore-oil-price/#sthash.ipP4MXye.dpuf

[s]

northernigbo101:
phew now ur mind can b at ease its only 150 people it doesnt matter.. so atleast nigeria army can go about there normal business of lootin money ment for d footsoldiers & u talkin trash can go about ur shity day job. u heartless u.

[/s]

Nothing is more irritating than these fake outrages I read on this thread. The army is now been blamed, the same army, baga politicians and people accused of genocide in 2013. You people cannot have it both ways.

PDP dash APC jigawa, problem settled. When Mimiko, Iyamu Fayose, koro, David Mark, TY Danjuma, Jang, Ribadu etc begin to campaigning for Buhari, let me know.