₦airaland Forum

How successful is the chat group?

I don't know how you can talk politics on two graves.

onosprince:
We need more than goodluck this year, this dogoyaro and him badluck way him carry come from daura...

I suggest you take the job, devote at least 3 months working your hardest at that job then start looking for other jobs on the side.

Be prepared to stay in the job for at least 6 months.

It's a sad reality that that law has not been challenged up to our Supreme Court.

I don't see how it can be constitutional to imprison people because of their sex.

Na only groom dey f*ck, d wife nko?

phunbyt:
D ansa to ur kweshon is going to be answered by my oga at d top....
Anyway...d ansa is cos so many grooms have been f***ing

Shall the son pay for the sins of the father?

No.

princdebola201:
Potential IPOB terrorist.. Hope u won't end up in Dss Net like ur father.


Qoute me and wrath of Ogun god of iron shall befall you this week ..!!!!!!

Midgets don't always give birth to midgets

kemmeye:
lol albino any day cuz i'd rather have a kid that is an albino than a kid that is a dwarf

I think under freedom of speech he can call Nigeria anything he wants.

The issue is when he went to World Igbo Congress and openly asked for money for arms & ammunition.

bashydemy:
Did you mean freedom fighter? hahaha freedom fighter using such a hatred word on a Nation calling that Nation a Zoo.. Firstly why did he come into Zoo? to cos more trouble abi? Well good they deny him that and averted another civil war... Where are the IPOB protesters now it's been a while now i hear about them..

It'd be nice for him to apologize but I doubt it doesn't affect the case.

Sedition and call to arms against the state are treasonable and should be treated as such. But I hope he isn't sentenced to death.

madridguy:
Lawyer with their lies, well, na their work. I hope Kanu will be bold enough to swallow his pride and make a public apology to the President maybe PMB can consider him. With the look of things, Kanu, Dasuki and Zakzazy might groove PMB tenure with him inside inbox.

Going to class, studying, putting in the effort.

erico2k2:
What's their contribution as students?

Since this is your first job and you probably only have a Bachelors, I'd say pick the one that would afford you time to improve, get relevant certifications.

Startups also have a tendency to be out of business soon but if you believe in the startup, I'd say take it. In a startup, you'll have more responsibilities and won't be as regimented as in a bank.

Check if the bank offers to cover some part of certification exams, masters, etc.

areyemi:
First and foremost, I want to thank seun for this platform.

I finished my NYSC July 2nd last year and ever since then i've been on a lookout.

Just early this week I got two job offers one with a startup company offering to pay 55K and another with a bank as an HR personnel and i'm been offer roughly 75k, but i'm confused on which of this two offers to go for.

Owing to the news of hire and fire in the banking industry, i'm really skeptical on resuming work on Monday, 4th of january.

Please, I need your advise. Thanks and God bless.

Lalasticlala...

Have you considered starting a business?

Apologies if this seems insulting.

Abirisegun:
As if you read my mind, I don tired ooo. 95% of online advertised jobs are located in Lagos.

75% of the 95% are fake.

2016...my turn. This year shall mark the end to my underemployment, and be gainfully employed, amen!

I hope you understand that the complainants are PDP Assembly members.

They are doing what opposition does, oppose.

modath:
*Modified*...

We have now identified the nation's No 1 headache, it is Saraki's band of bandits!!! Super1star is correct, it is not Buhari's problem, cos of seperation of power !!

Wish there is a way to press delete on the insensitive & self centred mofos!!!! God can please help with a natural disaster in just their domain cos it is obbious with these crop of legislathieves, Nigeria is on a long thing..


Omenka , passingshot , thevoice & Keneking abeg make una come see una lawbreakers ooo

Please who started the war?

This wasn't a foreign attack, Ojukwu started a war he knew he couldn't win.

Ever since the war, there have been many efforts, committees & monies voted to rebuild & develop. These monies were probably squandered by local leaders.

omonnakoda:
And those buildings in these pictures were destroyed by the war There are similar picture from across Nigeria from colonial times They are now old and derelict because of the African or Nigerian factor. Tell us what exactly was destroyed by the war

Why don't we concurrently wipe out Boko Haram & redevelop/rebuild.

Emekamex:
Why don't you wipe out all traces of Boko Haram first before even thinking of rehabilitating NE. It is plain stupidity to rebuild something that will be destroyed the next day; Buhari don't waste our scarce resources!

My statement wasn't an attack.One does not need to be an expert or study economics in school to understand economics.

I understand your post but your proposal won't work, hasn't worked before and makes matters worse.

Read this post by an expert (easy to read) that explains the issue a little bit: https:///7H0s01

There is presently excess dollars in the country but because we have two exchange rates, there's too much pressure on the official CBN reserves. Floating the Naira will remove all pressure from the CBN reserves & reduce the parallel market price (because demand and supply will clear).

IbXavier:
with due respect sir , i did not insinuate i am an economics expert nor did i study economics as my major. In reality , which country can have a close, especially a country like Nigeria. Ban of ATM doees not mean all source to get money out of Nigeria is blocked , it can only reduce it to an extent. Alll i post was to encourage the reduction of outflow of naira and promotion of Stuffs that will bring more inflow of naira. this can be collectively attained by Government and Nigerians at large.

My statement wasn't an attack.One does not need to be an expert or study economics in school to understand economics.

I understand your post but your proposal won't work, hasn't worked before and makes matters worse.

IbXavier:
with due respect sir , i did not insinuate i am an economics expert nor did i study economics as my major. In reality , which country can have a close, especially a country like Nigeria. Ban of ATM doees not mean all source to get money out of Nigeria is blocked , it can only reduce it to an extent. Alll i post was to encourage the reduction of outflow of naira and promotion of Stuffs that will bring more inflow of naira. this can be collectively attained by Government and Nigerians at large.

In some states in the US, legal marriage age is 12.

cococandy:
They are still under 18 and she's their teacher. In position of authority over them.


You don't know these countries aren't like ours that handle child molestation with kid gloves.

You've not started.

lifeisabitch:
some want to put a ring on it, but I havn't said yes because it has to be Arabian gold ring.


Bottom line is, if it were so hard, I wouldn't even had people interested in my hand. If I Reallly want to marry, I will just marry one of the broke as niggas.

Check this piece:
https://medium.com/@doubleeph/mr-president-make-us-a-market-2f3353654abc#.h1hpnj6o0

YomiYarzo:
Well your illustration looks like a short sighted view of the situation
every Nigerian is at liberty to transact legitimate business anywhere in the world or pursue education, your analysis makes it look like
opting for foreign education contributes to this issue.
With all the monies budgeted for and allocated to both federal and states universities there is no excuse for Nigerian universities not to be the best in africa attracting interest from foreign students and providing a source of revenue for the country.
The Naira/Forex issue is indeed a complex one requiring a practical solutions from industry experts
lets look at CBN policies today.
My opinion is these policies bites hard on the masses, why should should Nigerian be made to suffer this much,
Am not a finance expert neither am i an economics expert but a concerned Nigerian simply speaking from the impact of the CBN and it's money polices. Today Banks can no longer accept dollar deposits, you cannot use your ATM abroad for international transactions, banks don't have BTA to give to those travelling, i cannot send money in dollar out of the country, i cannot decide to open a domiciliary account and transfer the dollar equivalent from my Naira account. the general trend is i have to go to the black market of i need Forex for a legitimate business

CBN on one hand has been promoting cashless policy and on the other hand fueling the growth of a cash based parallel (Black) market which i find hard to understand

Some questions i need answers to;
- Why do we need the parallel market? it is clear that this market is not as regulated as the banking industry. i can buy dollars from an 'aboki' on the road side as long as am ready to part with as much as 262 Naira to a dollar undocumented today.
- Also is this market not an avenue to launder stole public fund?
- A 50,000 naira paycheck in Jan.2015 carries much more value that the same pay check in in December 2015 and considering the fact up to 50% of what is required in the average home is imported from shoes to clothes, electronics and in some cases food and sold to Nigerian at parallel market rate dollar conversion, is this not crises in the making?
- If the banks do not accept dollar deposit, and cannot give dollars for legitimate business and personal transactions, forcing individuals and business to result to the black market, are the Banks not failing to carry if primary function as an organization? Is CBN not encouraging illegal undocumented transactions by allowing this market?
- Why is it that CBN policies is further creating a panic about dollar scarcity which directly benefits the black market. Banks don't have Forex yet parallel market has got loads to sell

Am of the opinion that CBN policies right now should be enabling Nigerian banks to handle all legitimate personal and business transactions requiring foreign currencies. I think we should be seeing policies like a complete closure of the Parallel (black) market and all other illegitimate Forex source, while all legitimate transactions should go to the bank. This will immediate reduce the pressure on dollars:
- As people hoarding dollars at home right now would be able to dump them in the bank
- Dollars becomes available in the banks for legitimate personal and business transactions
- The arbitrary black market rate will no longer be there as banks will have better rates even with commission charged

Also right now CBN should be educating the public with statistics like
- Weekly/monthly Forex demand/consumption for legitimate personal and business transactions
- How it plans to strengthen the Naira over the next 6 months
- How the economy moves for dependent of foreign products to strengthening local production and export of local produce


Experts in the House please kindly share your views on all these Naira/Forex brouhaha

Improving the white elephant public education institutions will take time, diaspora students don't have time.

Husten:
Nice analysis OP, but I strongly think the govt of d day shld complement dis policy of CBN by drastically improving d educational sector nd in extention also improve oda incoming earning sector in Nigeria. My honest opinion.

The most important ingredient, especially these days, is the student.

erico2k2:
I can tell you that's rubish I do not see any reason Y Nigerians should go to Ghana. I av seen their standards abroad.U cannot compare the Nigerian Graduates with Ghana graduates abroad

This is a much more enlightened, facts-based analysis.

naijaFrank:
A better analysis of our situation is this;

So I have 50 litres of fuel and decide that in order to save my fuel I would stay home and not go to work. The problem with that plan is you will quickly get fired.

In this case, Nigeria has only 30billion in reserves and Emefiele is scared of depleting it so we are taking austerity measures and shutting the economy down.

The problem will this solution unfortunately is that you are burning down the house you are supposed to save, you are not seeking a means to attract more USD.

Eventually the guarded reserve will finish. Maybe it will last 3 months longer than before... But it will finish for sure...Its like putting a bandage on a gunshot wound... Youre still bleeding internally.

Now let us assume we did this.

Dont protect the naira and allow the free market to value it. I Believe it will find its rightful place at around N400 to $1.

This will set off a chain of events that we can capitalize on

1. Overseas Nigerians will send more money down to their relatives or to start businesses or buy properties because their money will take them farther... We earn dollars

2. Foreign Investors will take advantage of the weak naira to set up manufacturing or invest in businesses We earn Foreign direct investment (FDI)... We earn dollars

3. Importers will be frustrated with buying dollar at high rates and can be encouraged to produce locally by government planning and offer of incentives... We can convert experienced importers to manufacturers

Instead of closing down the forex market, How about higher taxes on imports? We take first steps to making imports expensive meaning locally produced will get priority and market advantages plus we earn taxes on the imports? Isnt that more feasible?

I'm not sure how anyone can actually support CBN policy unless they have no understanding of global economics.

The Emefiele route is the dumbest route, we should be attracting more dollars into the country not shutting down the country.. Or else, you can defend naira all you want but by taking away its fluidity and making it inconvertible, nobody will invest there and in 6 months when we eventually run out of dollar reserves it will be 2000 to a dollar.

CBN is hoping to hang tight until oil bounces back and we will be merry again. Thats a very big gamble.i can go on a new list of reasons why its not feasible...

1. Iran sanctions lifted will bring 100 million barrels more into the marketplace

2. America buying less as it is not only becoming self sufficient but will soon export and give OPEC a run for its customers

3. Chinese exports low means Manufacturing down in China meaning less consumption Of fuel

For oil prices, $30 is the new $100... We cant weather this storm until it gets back to normal. This is the new normal.

Mark my words.

This analysis is deeply flawed.

It's no secret that the Nigerian education sector cannot contain all willing & able students. We have some good schools & teachers but not nearly enough. And the sector can't help those who have slight difficulties in studying/learning. Hence, abroad study is a given.

Banning use of Nigerian ATM abroad is tantamount to declaring the country a closed economy. Well, at least until oil prices go up again according to the CBN. You claim to understand economics, if so, then you must know that closed economies don't work: no/reduced competition, lack of investment (foreign & local), high interest rates, etc.

Based on CBN numbers, there is actually excess dollars in the country but because we have an official market (rate) and a "parallel" market (rate), most of the dollars come in through the parallel market (because you get more naira when you exchange) and most of the exiting dollars leave through the official market. Feyi Fawehinmi wrote on this today: https:///7H0s01 . Bottom line is the better policy is to float the naira and merge markets.

This is an old story and honestly they over sentenced her.

They are acting as if 17 year old boys or girls are children that don't understand what sex is.

Adeabi said it all.

I would advice that he goes for NYSC and gets as many certifications as affordable at NIIT or accredited online.

Then I suggest applying for both jobs and masters at the same time.