₦airaland Forum

like seriously,

by the time EFCC will open GEJ case file, the kind thunder wey go fire him don already dey do press up by now.


Let's wait and see...

By the time hunger catch dis man called Metuh,


cow poo will be like salad for em front. we need our money, he must return his own share of the yam.

God is great...

your phone camera get as e be jor!

which kind phone you dey use?

Dickson come and see ooo...

Telll your boiz... #No room for militant activities tomorrow.

in Fashola we trust...




#Let there be LIGHT...

When the going is still good.




THE HEART OF A MAN IS WICKED AND FULL OF EVIL.

Mamman kill himself.
he wanted to over-throne IBB in a military coup.


Bloody betrayer!

With the way PDP is folding away,


I doubt if their will still be a party called PDP by 2019...

Six commercial banks are likely to seek mergers and acquisitions in the New Year – no thanks to the shock created in their assets and balance sheet sizes in the face of declining oil prices. Crude oil prices have fallen to as low as $37.11 per barrel from over $110 per barrel a year ago. This has adversely affected banks’ oil assets. Besides, the level of non-performing loans in the sector has risen. The Managing Director, Sterling Bank Plc, Yemi Adeola, who disclosed this yesterday said he envisaged possible shrinking in the number of local banks in the New Year. There are already moves suggesting that trend, he said, but did not name any bank. Speaking at an end-of-year media briefing in Lagos, the bank chief said two international banks were discussing with local lenders on possible acquisition. He said the year has been a challenging one for the economy and the banking sector, adding that banks are now finding ways to wriggle out of these challenges, including a tough regulatory environment. He said oil price could also come further down, and called for a more efficient tax system, blocking of revenue leakages and focus on areas neglected in the past – “from agric to solid minerals and other commodities we have in abundance. We also need to support Small and Medium Enterprises to create opportunities that will create jobs,” he said. Adeola said the Nigerian banking industry was the most regulated sector in the country thereby affecting banks’ performance. “To say that everything will be rosy in 2016 will be deceiving ourselves. I think if the opportunities arise for banks to pursue further consolidation, we could see two or three. I also know that one or two international banks are interested in pursuing acquisitions in Nigeria and they are indeed having discussions already,” he said. “So, you could see a combination of one or two international banks taking over one or two Nigerian banks or merging with them. And nothing also stops two or three Nigerian banks having merger discussions in 2016.” Adeola said Sterling Bank is ready for either a merger or an acquisition, provided it will add value to stakeholders. “For us at Sterling Bank, we are always open to mergers or acquisitions. We are open to anything that can give us scale. Whether it is a merger or acquisition, we are open, but the synergy must be there. We must see the benefits clearly. Any merger must be one that ensures stakeholders will benefit more; otherwise it will not be worthwhile,” he said. Adeola added: “We have every cause to remain optimistic in 2016, despite the fact that it is going to be a challenging year for the banking sector. We are determined to keep the momentum going. We first started a merger of five banks, and all the consultants predicted that all the entities will struggle for the next 10 years. It was challenging but we got out of it. Experience has shown globally, that mergers don’t work, especially when you are merging five institutions.” Adeola said Sterling Bank did first merger in 2006 and ran as a bank from day one, despite the fact that five banks came together. “In 2011, we did another merger with Equitorial Trust Bank (ETB), and was done in record time and you will never see cultural differences. We are one bank, and it means we have perfected the act of acquisitions. Could there be an opportunity to pursue an acquisition again, we will try,” he said. Adeola said the foreign exchange challenge remained a tough one for banks and the economy. “You can only spend what you have and if our reserves are at $29.4 billion as at December 15, there will barely fund four to five months of import. The options are usually two: to adopt capital control and focus on key sectors. In other words, you determine where you want the forex to go to in order to curb wastages,” he said. In Adeola’s view, Nigeria cannot sustain capital controls for so long. He said the government does not want the forex to be used for speculative purposes. “But it is a double edged sword. If you adopt capital controls, investors are reluctant to come in, because if they bring their money in at N200 to dollar, they will not be able to know what rate when they are going. So, you shut your door to new money coming in. The other option, is let the naira find its true value. The question is what is the true value for the naira?” To Adeola, the right thing to do is find the true value of the naira and devalue it from there. “Some will suggest the street value, while others will suggest the Central Bank of Nigeria rate. But it is also not the true value. The true value of the naira is between the CBN rate and the parallel market rate. But there are ways we can find the true value of the naira and devalue to that extent. If people are sure, they are getting true value for their dollars, then the dollars will come down,” he said. Adeola said Sterling Bank continued to survive in spite of such tough regulations because it plays by the rules. “We do not flout regulations. We keep strictly to regulations. We will continue to face challenges that come our way with maturity. He said the bank desires to be a top six bank, from top 10 currently, and also be a leading consumer banking franchise,” he said.
source: http://thenationonlineng.net/mergers-acquisitions-likely-for-banks/

God Bless Nigeria Army...

[b]Read:- THIS IS THE CHANGE WE CLAMOUR FOR!
Note: Please somebody should help me show this article to President Buhari and other APC gladiators. ‎

CHANGE, THE TANZANIAN WAY "UPDATES FROM TANZANIA POST ELECTION ACTIVITIES... 
Last weekend they were opening parliament and there was a state dinner planned for all guests that was going to cost about 300m. President Magulufi cut the budget to 25m and ordered that the rest be taken to buy hospital beds for Muhimbili. They got 300 beds and mattresses and 600 bedsheets from that money.

On 23rd Nov 2015 he announced that there will be no official ceremonies for Independence Day on 9th December, the money is to be used for more pressing issues and the day should instead be spent cleaning up our environment.
‎
On Saturday 21st Nov 2015 a group of 50 people were about to set off for a tour of commonwealth countries (don’t know for what) but President Magulufi cut that list down to 4 people, saving government 600m in tickets, accommodation and per diets.‎
‎
No more foreign travel, embassies will take care; if it's necessary to go, special permission must be sought from him or Chief Secretary. 

No more 1st class and business class travel for all officials except President, Vice, and Prime minister. No more workshops and seminars in expensive hotels when there are so many ministry board rooms available. 

President Magulufi asked how come engineers are given V8s car when a pick-up is more suitable for their jobs. No more sitting allowances. How the hell are you paid allowance for a job which you have a monthly salary? That also applies to MP’s. 

President Magulufi has literally pressed the reset button; returning Tanzania to default factory settings, because that was the TZ Nyerere left us with.
‎
On the day after he was brought to power, in the morning as State House officials were showing him round he decided to take a walk to ministry of finance, told them to get their act together, asked why some employees weren’t in office (ever since then the
traffic jam in mornings has become worse) and ordered TRA to scrap all tax exemptions, everyone must pay taxes especially the big guys. 

President Magulufi went to Muhimbili Hospital unannounced and walked through the worst parts that they keep hiding from important visitors. He fired the director, fired the hospital board and ordered that all machines that weren’t working (so that people go to private hospitals owned by some doctors) to be repaired within 2 weeks otherwise he fires even the new director; the machines were repaired in 3 days.

Finally, last week when going to officially open parliament President Magulufi didn’t go by plane, drove the whole 600km from Dar to Dodoma.
President Magulufi has reduced the size of the presidential convoy, even reduced the size of
presidential delegation that travels with him
President Magulufi chose a Prime Minister we haven’t heard of before, a guy with reputation for hard work and no corruption. All the big guys we expected could be PM have been let wondering what hit them. His motto is: Hapa Kazi Tu. 

After President Magulufi visited ministry of finance and Muhimbii Hospital without announcing, it is said the ports, (most corrupt, delaying, thieving official) were all of a sudden the most efficient place. No loads are missing, things are done quickly and that habit of forcing for a bribe so that your container is released is no more.‎
Oh, they say when he was confirmed as winner people started congratulating him and wanting
to bring gifts to his place he turned them back, saying he will receive all congrats over the phone, nobody should visit him. 
All individuals/firms that bought state companies that were privatized but haven’t done anything (20yrs later) are to either revive the industries immediately or hand them back to the government.”


NOTE: Please with due respect can somebody show this to President BUHARI so that he can understand the type of CHANGE we want from him.
Thanks![/b]

Please Lalastica, kindly kindly kindly articl articl articl frontpage the let Nigerians see this.

Cc: Lalastica

Lolz

I pray FAYOSE will not learn his lesson in a hard way.
the talks like a lunatic at times.

hehehe!

GEJ never stop amazing me.
drinking ogogoro with 5-Alive.

Thank God Nigerians didn't give him the second chance, Another billions of Naira would have suffer and disappear from our treasury to mark a day like this.

Hmm!

If you have lost faith in president Buhari, it's either you never had it or you lack the patience required for collective nation building.

SirWere:
Stop dreaming smoke. If someone from the SS or SE doesn't get the ticket, there won't be a Nigeria.

Clap for yourself.
Your moniker say it all.
Mr We-re

hinwazaka:
Fashola's political career will be dead by 2019, and by 2020 he will spend his Eid el fitr in JAIL.

too much ogogoro running through your vain. and brain.

stay tune!


political analyst, Let discuss here.

Seriously nowadays politician and military love taking one or tow pictures.

I keep wondering of what use?

hmm, Lagos state money don suffer today.


in other news: Ambode spend 29million naira to welcome Mandela wife to Lagos.

Man will end the world itself.
What a crazy world.

wow!

good boy.

clap for yourself.

I pity the day you re born. So this is the way you want to pay your parents Abi?

You will just die for nothing.

season of photos.





Give us better news jor

season of photos

e get as e be

PHOTO: Lion escapes from Origin Zoo in Ikorodu, Lagos, spotted outside Ikorodu, Lagos state, News, Nigeria, Origin Zoo

A lion which escaped from Origin Zoo in Ebute, Ikorodu, Lagos State, has been spotted on a fence of a pasta factory in the Ikorodu area.

The lion reportedly jumped out of his den round 9am, October 22.

The lion is seen below on the fence, trying to find his way out.



Source: http://africanspotlight.com/2015/10/28/photo-lion-escapes-from-origin-zoo-in-ikorodu-lagos-spotted-outside/


http://www.news7ng.com/2015/10/wait-a-lion-was-spotted-in-ikorodu-lagos-yesterday-photo/



http://www..ng/2015/10/28/photo-a-lion-was-spotted-in-ikorodu-lagos-yesterday/

cc: laslastica

castrate the policeman asap!

MTN should stop taking Nigerians for granted. For the past few days now, MTN network as been so bad everywhere in Nigeria and as got worsen ranging from Bad network to Call divert and a lot more.

UP TILL NOW, we haven't got any reasonable apology from MTN. Let's stand up and take this wicked capitalist to ransom.

Dear Nairalander's, how is MTN network situation in your area?

#MTN_BadNetwork

cc: Lalastica

cc: Seun

Aminat508:
Please check my signature

we no check jor