₦airaland Forum

cao:
I've no issue with whatever people identify themselves as, whether they're straight, bi, pan, demi or asexual. I don't care whether they are cisgender, transgender or intersex. I believe folks are born that way, especially when you hear horror stories about the things they go through, especially when their loved ones put them through some next gen level of evil to "remove the gay" from them. Who am I to deny someone a chance at finding happiness, someone that completes them, because they're of the same gender? Abeg, folks need to to stay in their lane and move the hell on. When were we made judge, jury and executioner? Who are we to judge anyone? Last time I checked we were created in God's image, we are certainly not God.

Nobody is born that way, Cao.

And No one is judging, i certainly am not.

Like i iterated earlier, the act is what i despised! No one should support it.

Estharfabian:
Uh...How about I go with Nada? LoL! kidding!


Look David, If You're talking about "IT" being Morally bad. Then, Masturbation should also be tagged "Immoral".

last i checked, These folks Aren't Hurting anyone. Whatever two people do in the confines of their Home Or wherever they do "IT" in should be their business and theirs Alone. The way these Hypocritical excuse of "Humans" butt into their affairs is almost nauseating!

The real CRIMINALS are Out on the loose! Pedophiles, Râpists, for instance?

So, there! I'm definitely not Against Homosexuality! The act is a consensual one! I respect their "Sexuality" and I Totally support it 10001%! So Long "You" stay in Your lane!

You're also Homophobic, ain't You?

Masturbation is morally wrong. No sane person would dispute that.

If you respect their sexuality, why was a woman created with the ability to produce an offspring out of her wombs as a result of the man's seed? The creator who created everyone should have given all, the ability to give birth.

..And No, i have dealt with homosexuals in the course of my work and i don't hate them, just the act.

Estharfabian:


I keep on saying This. Any douchebag that wanna Paint "Homosexuality" Bad By Preaching The gospel, is an Unrepentant, Deluded, egocentric, Cerebrum-deficient, Hypocritical Scumbag!

Let's put aside faith and religion aside, morally speaking, it is BAD!

It's high time you take a stand in this. The said ish "Homosexuality" has always existed and would keep existing, then it's either you support it / speak against it / or move along?

Which one are you?

cc: Cao

stokfrick:
Morgan has really disappointed. This inconsistency of theirs really sucks!!

stokfrick:
Guys, pls with d resignation of Morgans CEO what shld we be expecting? Cos I can't biliv wt I experienced today. No market activity for d clients. Avoidable losses and loss of opportunities stare us at the face. No proper communication to clients. Wt they give us is wt we take. We better start complaining

angelo82:
Something that is now usual with Meritrade.

Guys, NSE FIX was down and it affected online trading platforms. Do you think these guys are happy whenever their platform are down They are loosing money too.

So your grievances should be directed to them! NSE

Kookny:
Good day boss,

still expecting the material from you

Sent bro.

Kookny:
My email is

Lol, my work. I work with a gadgets' sales outlet, just like SLOT.

Worked as sales officer, later on to online sales manager, and now the wholesales manager and procurement officer

Gotten your email.

At least you are versatile.

Wish you all the best bro.

Veevean1..

lalasticlala:
ubo.ma, davide470 hafa?

Front Page bro.

kaboninc:
Are you a banker?

Not quite. Financial Services sector.

Kookny:
Yes, I've applied o.

But, I'm finding it difficult getting the materials to study and making out time to study them as well. (I work 7am-8pm)

The material is SHL, so what's your mail? I should have some or would get someone to send to you.

Your work sha? Are you working in a Police Station?

Kookny:
Good day bro.

Please, in case you come across any job, entry-level, accountancy, please holla me

Hello bro,

No problemo. But, please follow the Jobs section board for vacancies and hope you have applied for the PwC Graduate Recruitment.

LaurelP:
Hmmm...baba u dey watch movie o. I think say na only work u sabi.

Work?? What is meaning!?

rvpbae:
This is the ish!


The rest are just recycled! I'll just puke over the x-men and maybe faint if another fantastic four movie is made!

adeaks:
I have not even watched the movies released in 2013/14........ n you want me to be anticipating the movies to be released this year

Lol.

Well, I wish you all the best.

mtor:
London has fallen for me all others are just there then add Deadpool to the list wait x-men isn't this year is it wow the last one was boring apart from the running scene
Yes star trek, divergent and yes Huntsman

X-MEN was boring and its this year. May, 2016.

Suicide Squad, Captain America.. Just there

Who else is anticipating all the movies to be released this year!!!

X-MEN APOCALYPSE

LONDON HAS FALLEN

CAPTAIN AMERICA - CIVIL WAR

GODS OF EGYPT

SUICIDE SQUAD

KUNGFU PANDA 3

e.t.c.

Marxxx:
davide470 about six years ago when I got to this stage, I was confirmed by an Indian. We were 18 only 3 were picked. To be candid if I asked them the questions that Indian man asked me six years ago I am very sure none will scale through. Your degree (1.1, 2.1) shows you are capable of learning, But it doesn't show your speed or rate of learning. We deal with very complex financial theories. Moreover first class is as common as clay around here. Trainees are very expensive to maintain. So when they under perform...your decision making skill will be questioned...Arithmetic (Numerical skill) determines alot. Sometimes you get incomplete data from a client and you are supposed to advise them based on the data. They are paying you millions for that, do you tell them incomplete data? You reason out the rest from God knows where....so I was fair enough...

You were fair enough to chose just 1? Baba, fear God na.

Aside just arithmetic for your based decision, other questions should have arose not negating the fact that tension, distraction from seeing a "fellow young colleague" deciding their fate would come to play.

Also, for them to get to that stage, then they were very GOOD! and they were tested on all your firm's core values and corporate what-not at previous stages.

Anyhow sha, what was the outcome of your choice?

Marxxx,

So you refused to confirm all the trainees because of a simple arithmetic

How does your arithmetic determine anything? or did they buy the 1.1 and 2.1 they graduated with!

You better go back and re-confirm them

karleone:
Long but lovely write up...
As for me, I've always had difficulties understanding this CBN & BDC monetary exchange policy. I've always looked out for explanations nd is yet to find one. But, you talked about this: According to the CBN, it sells about US$1.5 billion/year to
BDCs in the country at N197.0/dollar. The BDCs however sell
to the average Nigerian on the street for as high as N260/
N270/dollar. It means on the average, each BDC was making
about N73.0 on each dollar bought. And I ask, how is the BDC making profit from this exchange? Is it from changing Naira to Dollar for the retailers (as you tagged You and I) or by changing from Dollar to Naira?

BDCs were created to ease the transactions of the retail foreign exchange market. CBN gives them FX at 199, they sell them to those with Naira at 300, Profit made by them is 103NGN.

So they make their profit from changing the dollars from CBN to Naira from You and I.

Seun:
They should have sold it at the real rate or by auction, but not at the official rate. But if they are not willing to do that, then it's best to end it.

Well, they would sell to the banks tomorrow. Normalcy is being introduced

http://nairametrics.com/cbn-to-sell-dollars-to-banks-on-thursday/

debbie:
ASSISTANT COMPLIANCE OFFICER - 5 yrs minimum experience in Financial & Non Financial Services industry. Must be a qualified member of a professional body. Experience in audit, compliance & control is highly required. Qualified candidates should send CVs to rbandoh@antal.com

cc: Ebbyneza

For your Sis.

Sugarhugs:
Please I don't understand, summarize?

In summary, wear more of the beads (your dp) and native wears more often. Patronize Made in Naija clothes.

Seun:
Don't blame the BDCs for naira dropping. The CBN isn't selling enough dollars to meet the demand at the so-called official price, cos of oil price.

The ones they were selling at official rate caused the spread at the moment, so why continue?

misspetit:
Morning swit@
How u doing?
Beads and tye/dye(batik) business is going great
Na only u remain to order Lolz

I am fine dear.

When we see, i will order..

MacJC:
Good day @david470,

It just came 2 my knowledge that sunnypar, a committed follower and contributor of the "strictly for those interested in teaching jobs" had been banned 4 sometime now.

I'll confess that truly, he had been enmeshed in "beefs" with some other equally dedicated followers of the highly esteemed thread, but d fact remains that his contributions to d high standard of the thread can't be discountenanced. I believe we shouldn't throw away d baby with the bath water.

In my humble opinion, I believe he'll be of much more value as a member of the thread viz a viz depopulating d unemployment market with his input.

I'll be most grateful if he is unbanned.

Thanks in anticipation of your maximum cooperation in ds regards.

Thanks and stay blessed!

He would be unbanned.

..but any unrelated behaviour as before would render another prolong ban.

Cheers.

misspetit:
..

Hey Petite,
We missed you in-here. Tis been a while.
How's your Bead making and Dye business?

ProudOlodo:
...to the patriarchs and matriarchs like Papa davide470. Feel free to use the room and mingle as you please..?

I have not finished marking my silver jubilee..

Lalasticlala, time to go start a dollarland o!

It was the great philosopher 2face Idibia that said “I wake up in the morning and I brush up my teeth, say a little prayer and then out to the streets” You must have noticed he placed no emphasis on taking a bath. These days, one more step has been added to the routine – You have to check for what new policy the CBN has introduced.

For someone like me (and I’m sure you too), it’s getting really hard to keep up. Can we just go back to the days when our worry was the cruel manner in which the size of noodles was reduced? Can we return to the happy days when we only worried about what Eedris Abdulkareem was saying in those songs?

These days, everyone is talking about oil prices, dollars, devaluations, policies and what not. Most especially those of us with no dollars, we are the ones shouting the most like we have anything to really worry about.

We all do actually.

At this point, for the sake of those of us who haven’t had light since 2013, who have no access to news, newspapers or noisy neighbors and who basically are not aware of the various policies the CBN has dropped faster than Olamide drops albums, here’s an update:

1. In February 2015, the CBN scrapped its official dollar market to reduce its weekly dollar sales to market participants. This is like shutting down shoprite across the nation to reduce random, frequent shopping activity.

2. June 2015 saw the ban of some items (41 of them in particular) from accessing dollars from the CBN. This is similar to your dad not giving you money to buy Internet data/Brazilian hair to ensure some money is saved. You might consider it harsh, but it’s a wise decision considering the times.

3. Then in September 2015, we were constrained from depositing foreign currency into our domiciliary account. This was to prevent the ‘dollarization of the economy’. In other words, ensure that the Naira is still the national currency. After all, you’ve not used Naira to buy even pure water on the streets of America.

4. CBN further restricted the amount people on foreign trips can withdraw from their bank account to US$300/day – like reducing pocket money
Finally, well maybe not, CBN has recently stopped the sale of dollars to BDC (Bureau De Change – Mallams).

5. Oh and in a reversal of policy 3, we can now pay in forex into our domiciliary accounts again. Somebody shout hallelujah!!!

As the price of crude oil drops, our foreign reserves have also plummeted and it is in a bid to prevent further drop that policy 5 (on BDC) was put in place. Let’s look at the CBN as the father in the home and the BDC as his way of ensuring all the kids have access to a certain ‘lifestyle’. It is the role of the father (CBN) to ensure there is money in the home (our foreign reserves)– the kids do not have direct access to the money, so the father withdraws to provide for their needs. But the reserves are being depleted each time the father draws on it and the source of buildup has almost dried up, so the father withdraws his support and alters their lifestyle a little.

According to the CBN, it sells about US$1.5 billion/year to BDCs in the country at N197.0/dollar. The BDCs however sell to the average Nigerian on the street for as high as N260/N270/dollar. It means on the average, each BDC was making about N73.0 on each dollar bought.

That’s a whole lot of profit, right? WOW!

And you know what happens when our fellow Nigerians get wind of such profit making ventures? Everyone wants to jump on it! So more persons wanted the BDC license and the number of BDCs in the country grew from just 74 in 2005 to 2,786 as at the end of December 2015 – an astronomical increase of 3,665.0% in just 10 years. And that’s not all; about 150 entities apply to the CBN every month to obtain the BDC license, which means more trouble for the reserves. Even Standard Chartered Bank- was not getting as many forex requests as this!

The problem was that the consumers who require the BDC service were still not getting the access to it. BDCs were created to ease the transactions of the retail foreign exchange market i.e. you and I travelling around needing small change. It appears (and CBN caught them red-handed) that this was not being done, hence the policy to source outside of the CBN.

So just in case you have a boyfriend who operated a BDC and you’re rolling on the floor crying because he told you he no longer has a source of income, don’t believe just yet. The BDCs are now expected to source dollars from IOCs (international Oil Companies), exporters and other legal autonomous sources.

But then, how exactly does this affect you and I?

The general key impact of the falling Naira is in the value of the money in your pocket or wallet. As the value of the Naira falls, it means the price of imported items or commodities increases, which reduces the quantity of what we can buy. So, the value of your N5,000 hourly income reduces anytime the Naira depreciates.

Please, we are not asking you to ask for higher pay from your employer o.

On a bright note, the current situation presents enormous opportunities for local manufacturers/producers to compete with the foreign counterparts. For instance, rather than buy clothes at Asos or Zara, most of us will just visit Sura the tailor for a quick “cut and sew”- in the words of us travelers ‘bespoke or localized pret-a-porter’. Might I add, save more money and eat local rice- go Ofada rather than international Caprice.

So, if there is something you are good at making, this is the best time for you to step-up and properly position your business to tap into the enormous opportunities the current Naira situation has thrown-up.