₦airaland Forum

You assume that Nigeria is in a position to dictate what currency it will sell its crude, when we are competing with other producers to find buyers.

International trade is mostly done in dollars and that is the currency most International buyers will use.

If Nigeria insist on naira, most International buyers will go elsewhere to buy.

Crude oil is available from so many sources, Nigeria can't dictate anything to buyers.

richidinho:
GTB fall my hand

Gtb will raise that amount without difficulty.

Gtb has the strongest bank brand but it is very conservative. It takes far fewer risks, has very few branches, but has the lowest cost base amongst Nigerian banks. Pound for pound (naira for naira), Gtb is the most efficient bank in Nigeria.

Investors, particularly foreign ones, rate Gtb highly. They'll subscribe to any positive steps it takes to shire up its share capital.

Elliotwaveforec:
Don't be lazy guy!

Wema has 118b already projecting 156b this year

I think you're wrong.

Shareholders fund is not the same as Share capital.

Based on the information you attached, Wema's current share capital is only N6.3b.

However, I believe (I stand to be corrected) it can convert part of its Shareholders fund of N118b to boost its share capital by for example, issuing bonus shares to existing shareholders.

seunmsg:
Who told you Wema bank can’t raise the new N500b capital base?

Wema is not international, so it will only need to raise its capital to N200b. That's still a lot for Wema.

Congratulatory message can be sent through a phone call.

How do you know that hasn't happened.

A public message can still happen. If it doesn't, it won't be the end of the world.

And what is so special about a 44 year old becoming a President. Does age guarantee success.

Macron is young, but the French economy is in the pits with the highest debt to Gdp ratio amongst Europe's biggest economies. Rishi Sunak of the UK is young, what has he achieved.

Mr Yaya Bello was a young governor, did he set the world alight with his performance?

Orchid road...hmm

Most will do well to avoid a place like Okun mopo. Even experienced lawyers have ran into trouble in that area.

In that axis, truth is hard to come by however much you dig.

ThothHermes:
Really?
What's the real word for shoe in Yoruba?

I don't know to be honest.

Another famous one is Bata.

Bata was a famous shoe brand in Nigeria until the 80s, I think.

I don't know about other regions, but till today, Yorubas still refer to shoes as 'bata'

TYCO77:
[color=#000099][/color]
Every seasoning is maggi
Every biro is bic
Every beverage is bournvita

I am guilty of that last one.

9 out of 10 times, I can't remember the name 'Ovaltine'.

I end up saying 'the other bournvita', hoping the person around me will say, 'you mean ovaltine?'

Mosquito wey see person enter room with that kind heavy equipment must know the end don come

That 'flit' word has confused me to no end. It just never appears to be a proper word. I often wondered if it was spelt fleet, fleat, flit etc It's one of those words that is so jarring to my ears, I hate hearing it.

'...flit the room' just never made grammatical sense to me.

Sigh...finally, I know the origin of this absurdity.

No ransome from the Federal government. That the new policy.

However, Federal government can't stop states from making their own decisions.

It is a tricky situation especially where children are involved. You can't go guns blazing and charging into kidnappers hideouts thereby putting many children's lives at risk.

The bandits know this and I suspect they'll keep exploiting the situation.

The Lagos boys are problem solvers!

Another positive aspect of this is that, as the naira appreciates, fuel subsidy will be disappearing.

If naira hits around N900, fuel subsidy should be totally gone meaning federal government will have a lot more money for distribution with states.

If naira gets close to N800, the federal government (NNPC) should actually start making a ton of profit from selling petrol at N650 or above per litre

Mr Tinubu is a genius

Probably the best head of State Nigeria has had since independence.

His brash approach is quite unruly, petulant and unprofessional.

He is a member of the NEC. Did he oppose the idea of States submitting a report at any meeting of the NEC. If you disagree with a proposal, you make your views known at the meeting or subsequently through other channels.

Federal government is trying to get the imput of States so that various considerations can be taken into account.

Going on TV to talk like that undermines statecraft in a terrible way.

As much as possible I avoid any and all situations where I would need to have a lengthy conversation or discussion with most people.

Just not worth it.

Too many are rude, impatient, discourteous, reckless, and aggressive.

Very smart.

The incumbent Governor who is from the South is very likely to defeat a new, currently unknown PDP candidate from that zone.

Therefore, Mr Jegede who is from the Central senatorial zone will only have to wait until after another term by the current Governor (just over 4 years) before returning to contest as a candidate from the Central senatorial zone.

Good calculation by him.

The President is doing well in many areas.

Excellent!

The Cbn governor is proving his mettle.

Every policy that he introduced that all the publicity-hungry 'experts' on Arise TV said would never work are slowly but surely working.

Good.

A particular minister has been abroad for a few weeks now gallivanting from one country to another.

Yet, there are important issues that investors back home are waiting for him to discuss.

It was only yesterday a friend and I were discussing the minister's absence.

Honestly I believe Mr Tinubu is the best president we have had in a long time. May be because he's a Lagos man, he knows many of the tricks of some of the unserious appointees.

Both look relatively young.

Two young and ambitious people working smoothly together as Governor and deputy?

If they win, the relationship is likely to be seriously tested.

I don't know what beef the sponsors of this article have with Umahi, but I have often wondered about the wisdom of this inter-state coastal road.

I suspect the CBN will not want naira to go higher than say N1300 for a while yet.

In my view, N1450 - 1650 is the pain point range where imported goods becomes less and less affordable, and investment in local alternatives can begin to take shape. This is a higher priority for the government.

If you're one of those who believe we need to go from consumption to production, then you need to know that, that transition is unlikely to happen if dollar rate is at N700. At that rate, imports will be too cheap.

The Cbn will not even allow the naira to go anywhere near N700 for a few years to come, otherwise we will be back to square one where we are back to importing everything under the sun, with no production capacity of our own. These unbridled imports will then need to be funded by government borrowing dollars for future generations to pay.

It ain't happening.

Let's try and produce more of what we use.

Especially with regards to Nigeria, and I am sure many other African and developing countries, the Economists mostly parrots opposition arguments and positions.

Their latest disjointed EIU report on Nigeria read like something clubbed together by somebody who did his entire research on Nairaland, twitter, and Arise TV.

It was such an incoherent, poorly researched, slap-dash, pot purri of statements that appeared to have been lifted from Nairaland and the lips of some of the rent-an-expert commentators on Arise TV.

Lagos boys wanted to rattle Mr Atiku and put him on the defensive.

The way he rushed out a denial as if they
accused him of plotting a military coup means the boys achieved their aim already

They'll leave the man for a couple of months, then they'll rattle him again.

You must not let your opponent rest

Mr President always looks dashing in blue.

At least Niger state people are not congregating on social media night and day demanding that government performs magic.

Instead these modest, hardworking, decent people have decided to help themselves by facing agriculture head-on.

Meanwhile Southern governors are trying to out - do one another with pouring tar over sand calling it road construction.

In many SW states, farmers have to pay in advance and wait several weeks before they can find a tractor to use. Instead of these Governors to help out, they're more interested in chasing fictitious 'industrialisation' agenda that yields nothing.

Your headline says Ondo and Ekiti while your comments refer to Osun and Ekiti.

Ondo is well connected. In fact if the state government was smart, Ondo should be the central distribution centre of Nigeria packed full of giant warehouses. That's because it is almost equidistant from Lagos, Abuja, Anambra etc If you're going SS, SE, and many parts of the North from Lagos, you will likely go through Ondo state.

Osun is also well connected, though like Ekiti, has no airport.

Ekiti state is the one that is more or less in a cul de sac. It's location is off the major roads by some distance. That's not a reason to say it won't develop.

Nice & moving.

Brought a tear to my eyes.

To be forcefully removed and enslaved thousands of miles away in an unknown forest/place against your will etc must have been harrowing for her/their progenitors.

It is as if the generational pain of slavery is still etched in the eyes of the lady singing in the first video.

I don't understand the language but it felt as if she was searching/crying out for something that is missing but which is never to be found.

The story of Tinubu's ascension to the Presidency will probably never be matched in the history of this country.

I remember a highly connected friend telling me, there's no way out for the man. He is out, he said. He was 100% sure the man would not become president.

The intrigues, obstacles, trials, plots etc, and to top it all, the famous Abeokuta 'emilokan' speech, which I now believe to be one of the most impactful political speeches of the last 50 years.

That speech sent the country into a gripping non-physical pandemonium, and engulfed his enemies in confusion they never recovered from.

And the rest, as they say, is history.

poseidon12:
I have observed that Southern Nigerians generally have this morbid fear of mentioning Fulani and associating them with any bad things they are suspected of carrying out. But the same Southerners have no qualms about mentioning Igbo. You hear about the bandits instead of Fulani bandits orterrorists
Is this because of cowardice or what

My comments are about individuals pushing their own personal economic interest. It is not about tribe. These powerful individuals are from all over the country.

My opinion is that experience (Mr Jonathan and current govt) suggests that when some of these powerfful individuals feel their personal economic interest is at stake, and they, for example, don't have access to a President of southern origin as they probably would if the case was different, they take to lashing out through sponsored underlings.

It is a theory, but not an entirely unreasonable one.

The President's media spokesman made a similar assertion on TV yesterday.

[quote author=chrysso83 post=128882117][/quote]My comments have nothing to do with tribe or even politics.

You're allowing your imagination to run wild.

I am looking at this purely from the angle of vested interests who insist on having a big influence in any government to serve primarily their personal economic interest.

A Southern president is more likely to surround himself with Southern vested interests. That's the reality. Same way northern vested interests will have greater access and opportunities with a President of Northern extraction.

The difference is, when you have a Northern president, many Southern vested interests will retreat into the background and find subtle ways to get their way or they retreat completely. But it seems, from the experience of Mr Jonathan and now the current government, a minority of certain vested interests would rather create chaos if new policies threaten their personal economic interest eg fuel subsidy removal.

My comments are all about certain individuals trying to protect their personal interests. It's not about tribe at all.

These vested interests, from all parts of the country, have plagued governments going back several decades.