₦airaland Forum

eyesoflagostv:
NAIRA DEPRECIATES TO N367/$1 AS MPC MEETING CONTINUES TODAY
Source : http://www.eyesoflagos.com/2017/07/naira-depreciates-to-n3671-as-mpc.html

The naira falls yesterday to N367 against the Dollar on the parallel market from N376 it opened for trading as the Central Bank of Nigeria (CBN) Monetary Policy Meeting commences today (Tuesday).
The sell side of the naira exchange rate against the pound also dropped by N3.00, to close at N475 to the pound on the parallel market yesterday, as against the N472 it opened for trading. However, the naira remained flat at N420 against the euro.
For the Investors/Exporters Foreign Exchange (IEFX) window, the naira against the Dollar opened at N365.96 and closed at N366.37 while at the Inter-bank rate, it remained at N305.8. Uncertainty continued to surround the outcome of the CBN’s Monetary Policy Meeting that commenced on Monday as speculators trade the foreign exchange market with caution.
The naira appreciated last week attributable to CBN’s injection of $195 million — comprising $100 million (via the wholesale window), $50 million, and $45 million (via the SMEs and Invisibles windows respectively) – into the foreign exchange market.
The naira – in the interbank market last week – appreciated by 0.03 per cent and 0.49per cent against the dollar and pound to N305.80 and N409.36, respectively, but depreciated by 1.83 per cent against the Euro to N367.15. In the parallel market, it appreciated against dollar and the pound by 0.54per cent and 0.42per cent to N366 and N470, respectively, while the naira against euro was flat at N420.
In a deviation from the interbank and parallel market, the naira in the IEFX window lost by 0.98per cent against the dollar to N366.37. Although experts had predicted that the Monetary Committee might hold interest rate at 14 per cent and Cash Reserve Ratio at 22.5 per cent. They expressed that the weekly invention of CBN will aid the nation’s economy in exiting the current recession as the manufacturing and non-manufacturing activities continued to increase.
Managing director/chief executive officer of Financial Derivatives Company Limited, Mr. Bismarck Rewane explained to EYES OF LAGOS that the CBN’s rates might remain unchanged. The CBN in a notice to commercial banks announced plans to sell foreign exchange to manufacturers, airlines, fuel importers, and agriculture businesses at a special auction to clear backlog of foreign exchange obligations this week.
Researchers at Cordros capital said, the impact on the Naira will be largely reflected across segments of the foreign exchange market. Thus, we expect the Naira to appreciate further against the dollar in the week, while remaining stable against the pound and euro.”

malton:
If this isn't sufficient evidence, what then is?

Seems this people want to tow GEJ's line of "...Money not even up to the price of Peugeot" thought.

The day we make it clear that there isn't any difference between big and small thief, is the day we will begin to get it most right in this battle against corruption!

MizMyColi:
True talk.
Now that I think of it...

If INEC considered his emergence as fraudulent, why did they go ahead to print his name and picture for people to thumbprint, why did they even bother with giving him a certificate of return.

The fault lies with INEC who did not follow the electoral act to the later.

I am yet to see the document as read by the judge; I can only think we have a Rotimi Amaechi case of 2007.
Only a competent judge can interpret the law better.

But then again, it is what it is.
#CorruptionConfirmed

chymystique:
I wont shut up o. Is that your own defence of APC's hypocrisy? .. hahaha..

olatunji21:
If the Supreme Court rules in favour of Saraki, it effectively renders the CCT useless bcus that would serve as a judicial precedence which no other court can go against.....

HungerBAD:
There is something fishy about this whole kidnap thing.

I do agree he was kidnapped, but the intelligence and how this whole operation was carried out, to me seems more sophisticated than what a fulani cattle handler can pull.

The phoning.

The every 4 hours tactical maneuvers.

The way the ransom was paid.

How he was dropped off at Owo.



Everything shows an organized setting here, that goes beyond people, who ordinarily are nomads.

helinues:
Reports reaching DAILY POST from Maiduguri, the Borno state capital on Sallah reveals that, the dreaded Islamic sect, Boko Haram attacked Monguno and Baga in the northern part of Borno state, killing many.

According to residents of the two local government taking refuge at Bakasi IDP camp, several people who returned home for Sallah were forced to return back to Maiduguri, but could not gain entrance as a result of restriction of vehicular movement for the Sallah in Maiduguri.

” we have to trek down from Shagari low cost to Bakasi last night because the soldiers could not allow us to come in with vehicle following the restriction for Sallah. I do not think this Boko Haram is over as government wants us to believe.” Mammadu Ibrahim who returned to camp told newsmen in Maiduguri.

Speaking on the attack, he said, ” we learnt that Baga was attacked at about 12 midnight and by 2am, we were attacked at Monguno. I do not know the number of casualties but certainly, many people were killed by the insurgents.”

It could be recalled that, suicide bomb attack in Maiduguri recently killed over 100 people.


Source: http://sunnewsonline.com/new/many-feared-killed-as-boko-haram-attacks-monguno-baga-again/

RaDaZaBaNa:
tweet

FreeGlobe:
Justice Danladi Usman of the CCT should be arrested asap for contempt of court. Justice for Saraki

chukwudi44:
Agbakoba: The Code of Conduct Bureau is Not a Superior Court…
Former President of the Nigeria Bar Association, Chief Olisa Agbakoba has said the CCT was wrong to say that it was a court of equal jurisdiction with the Federal High Court.


“There are two kinds of courts in Nigeria, superior and inferior. All the superior courts are defined in Section 6 of the constitution; it does not include the Code of Conduct Bureau, it does not include the National Industrial court,” Agbakoba said.


According to him, “The Code of Conduct Bureau is not a superior court; it is an inferior court and because it is an inferior court, it is amenable to the judicial review jurisdiction of a superior court of record like the Federal High Court.”


The Federal High Court, he said had power to review the judicial work of the Code of Conduct Bureau because it is an inferior court.
Also reacting, Ebun Adegboruwa described the Tribunal’s action as an assault on rule of law. “What the Code of Conduct Tribunal did in spite of the order of the High Court amounts to judicial abuse of the due process of the rule of law and amounts to judicial rascality on the part of the serving judge of Code of Conduct Tribunal.”


Adegboruwa said the Tribunal was under the supervisory jurisdiction of the High Court, adding that the option left for the Tribunal was to approach the court that gave the order to either challenge it or vacate it.


He said, “It will amount to total anarchy for the parties affected by an order to decide whether or not to obey the order. So, to that extent, the bench warrant issued against the Senate President is ultra vires, it has no place in law and cannot be enforced, because if the order of the High Court to the tribunal was not enforced also the bench warrant of the tribunal to the Senate President cannot be enforced. You cannot use wrong to achieve a right

http://www.thisdaylive.com/articles/facing-arrest-saraki-cites-politics-in-ccb-prosecution/220612/

emamos:
http://www.punchng.com/news/corruption-ongoing-under-buhari-pdp/

Islie:
http://sunnewsonline.com/new/nigerian-lady-emerges-presidential-candidate-in-spain/

ShineuEye:
Can Buhari trace his plot of land in Dubai?
Am also trying to trace my plot of land on the moon. Buhari has only N30mil yet his wife can afford N10mil watch.

Who is Buhari trying to fooooool? Who owns that Asokoro lakeside mansion located at number 9, Udo Udoma Street, Asokoro, Abuja?

The N2.1 Billion house below is now my own since Buhari is too ashamed to declare it.

www.nairaland.com/attachments/2477249_5a_jpegafd6c8022c8c6d205cc79d39eed3fb2e

Dauchman:
Not every site requires that verification code.

Dobxy:
Some people still don't know that there are some stuffs you can do online that'll not require ur pin or OTP.....esp if it's a MasterCard....btw, is it so difficult to keep ur ATM Card where it won't be exposed to anyhow person?

soludo93:
OP you are a naught head.
1. Refinaries were scheduled to start working by June 2015, that was after 11 months of intensive rehabilitations. GEJ didn't make noise about it because all the refinaries can only satisfy 30% of local consumption at maximum efficiency.
2. GEJ grew the economy to qualify the nation for G7 summit invitation.
Olodo go back to school n stop making a snail look like Achilles.

Jenny1010:
Buhari is too Old to rule Nigeria , we need a young blood

WombRaiders:
And what is wrong with having a down to earth leader who works, lives and eats with his people?

Will rather have him fly over Ekiti with a Chopper like Aregberascal?

Maintain his base outside EKITI only to return very end of the month to share allocation money like Aregberascal?

Only interact with the masses only every four years during elections to secure their vote like Aregberascal ?

Owe them their salaries and blame others for his corruption and ineptitude like Aregberascal ?

BankManager:
Even Mr.Rochas Okorocha that handed over to himself is crying that
he met empty treasury.. I am tired of Governors in Nigeria..