₦airaland Forum

Lagos is where all the finanncial institutions have their headquarters. It only makes business sense for the headquarters of these companies to be close to the financial center. plus there's less kidnapping going on compared to the niger delta. There's nothing weird about that.

Ezechinwa:
What he said is the truth,
all oil companies head quaters are in Lagos state, is that not weird

Before coming to cause kata kata with your oloribu self, kindly produce the source of this statistic. don't just mislead people into baseless hate comments. the source would also provide a lot of context

obaival:
HERE'S ONE NIGERIA YOU AGITATING FOR.

2017 BUDGET ALLOCATIONS FOR CAPITAL PROJECTS.

North Central - N209 billion
North West - N73.7 billion
South West - N48.97 billion
North East - N46.69 billion
South South - N35.31 billion
South East - N28.22 billion

How is Nigeria one nation? You will get 90℅ of the fund from the Oil rich Niger-Delta yet give them the least allocation for capital projects! This is an abnormal society.

Now, you know why they shout One Nigeria.

Copied.

Very Smart move from the governor. I expected the Federal government to weigh in earlier. but its good someone has spoke.

TPAND:
If i sell provisions with N500,000 in one year, i should make more than what you guys are offering. Tie my money down and i will wait for 1 full year to earn 13%. Get out og here with this offer

good luck selling your provisions if you haven't started selling it yet. but check this out, You have to sit at your stall or shop through out the day or pay someone to do it or your stall could be bungled (God forbid) or other risks could be involved. sometimes all those risks involved may not be worth your while in terms of returns. However, a federal government bond they say is 'riskless'. if worse comes to worst the government is able to print money on tissue paper to pay you (then the matter of inflation could arise by this time we could be fighting a war). However you can go to bed knowing that your money is earning some returns without the relative risk attached to every normal investment venture.

GeneralOjukwu:
WOW...tie down 1 million naira for 3 years and be given N 141,890?

Abeg...i no do. Treasury bonds pay higher don't they?

Financial analysts in the house, please clarify!

With regards to the interest, that 141,890(I don't know what % rate you used but I'll stick to your example) would be split into 4 and paid every quarter. and the 141,890 would be given to you every year for 3 years and at the end you get your 1 million back.

Yes Treasury bills(not bonds) pay higher but you are required to buy a minimum of N50 million to get access to it. the way around it would be to buy into a money market fund(e.g ARM MM fund, United Capital MM fund, Stanbic IBTC MM fund...etc). What these funds would do is gather money form different people and then with that volume they would be able to reach the minimum required to buy into treasury bills. they would also take their commission and other fees but it MAY still be higher than the savings bond rates.

Chukason1:
savings is for people that has money abi

wrong!! saving is for people that want to save.

lilreese:
How does the interest works?

It's paid quarterly. so 13% is split into 4 given you around 3.22% of what you used to buy the bond. then when the bond matures, you receive the amount you used to buy the bond. e.g if You had 1,000,000 and you buy a 3year bond paying 13%, you receive around (13/4)% ~=30,000 every quarter for 3years and then at the end of the 3 years the government gives you back your 1,000,000.

TPAND:
This DMO bond is not in the interest of Nigerians.

Take this analogy, I invest 500,000 then wait for 1years to collect 56,000.
Thats a stupid investment and use of money

You can look at it like that. but what are the alternatives. If you leave it in your bank account you only get less than 5%. The only sensible alternative is to buy into a money market fund which gives you access to T'bills which offer a higher rate. apart from the T'bills which other use of money do you suggest that's better??

charleff512:
How can one buy?

Contact a stock Broker. Here's a link to a list of the stockbrokers from the NSE's website. http://www.nse.com.ng/dealing-members/find-a-dealing-member/dealing-member-directory

nwaimostate5:
stop telling me that, this your mentality is what is killing us today as youth of nowadays, believe what. let me tell you that real reality on ground, there is no jobs out there, unemployment rate is on the high side. stop this believe this and believe that mentality.

every single day people are getting recruited/hired you just have to believe in yourself, keep an open mind and position yourself for that job. If you want an office job learn about how offices run by reading a lot or doing internships. Do qualifications too to keep you ahead of the millions that studied business related courses like you. You just have to stand out. Even in the best countries people sweat to get jobs.

I'm still looking for the fire

maasoap:
You can't flog an adult, even flogging kids is considered an abuse. Community service is the best. Suspension for a year in this case can derail careers of many of the students.

In real life and in societies we usually look up to, Suspensions are usually for disobedient behaviours while community service for physical wrongs and there must be a power to enforce e.g courts and police. In my place of work like many other places of work, if you flaunt a rule you are suspended

TerrorSquad147:
not by suspending them, they could have given them lighter punishments especially as they're first time offenders.

If they had flogged them people will shout. If they tell them to do community service people would shout that they are treating them like labourers. A suspension is a normal punishment it allows you to take time off to rethink your reason for disobeying the rules.

TerrorSquad147:
Although the writer made valid points, but there's something he needs to understand; the school is an organization that has laws set in it. If the students can't abide, they should leave the school. I'm not in support of the suspension issue, I hope the school try as much as possible to forgive them (especially the final year students), since they're a very religiousody. You can't be preaching forgiveness from the bible and not act according to it. Your argument is allowed

forgiveness doesn't mean you don't face the consequences for your actions.

maclatunji:
Quite educative from a legal perspective. The students should sue.

really?? Then the school should expel them so that they can be enjoying the freedom of thought, speech and religion from their fathers houses.

NOC1:
what if i am not a christian in that school?

Every student signs an undertaken to follow the laws of the school irrespective of your religion. If you are not okay with the undertaken then you don't attend the school. there are many other schools around. your religion probably has one and so does your government.

It is a place where there is order and there are consequences for violating the laws of the Land

LAFO:
I'm a Christian but this one weak me!


Is this a theology seminary or academic university?
Seun, hope say lalasticlala no follow go CU sha

What is your own problem. Every Student of that school must have signed a contract to obey every rule of the school and attend all compulsory programs of the school irrespective of the student's religion. You are getting angry that someone is being punished for breaking a rule he obviously knew about. what do fees and obeying the set laws have to do together People like you will not allow Nigeria be great. Lawless Op. Go and find somewhere to hide your lawless self joor

himee:
Covenant University is as it again and this time I am not keeping calm!

Please how can a school suspend final year students for not attending "Easter Youth Alive" program" for ONE year Where is that done? Is it on their curriculum? How many units does this program carry?

These students have barley two(2) or three (3) months to go before project defense and graduation, have exams coming up this week and the school wakes up and decides to suspend them for one (1) year? And what happens to the fees paid for the year? In this economic recession, parents should cough out close to a Million Naira again to pay fees

How many "churchy" schools have ever done this? None! Its only Covenant University! Is there no better punishment to give to these students than suspension for a WHOLE YEAR What culture are you trying to imbibe into these students? When they are suspended, will they go home and become better people? What are the lecturers and counselors in the school for? What are the various Bible studies or programs in the school for? Are they organized for just believers? Who did the church come for? Who did Jesus come for? Isn't it the sinners? What if after every sin we commit, our Almighty Father in Heaven decides to suspend us from this earth, where will we all be?

I should believe parents who take their children to such schools do so not just for academic purposes, but also for the spiritual aspect. Isn't that why they have a course titled "The Total Man?" Or what other reason is this course for, if not to build all students, particularly the erring ones to become better people? If not so, they should please enlighten us.

I think this time around, Covenant University has gone over board!

We will not keep silent again.

Please and please, we would appreciate if this is published. We have had enough of this!

You don't get the post. If you want such money invest in the stock market and watch your portfolio grow and earn dividends.

JayJohnson:
78 directors cornered the economy
78 directors pocketed the economy
78 directors smarter than 180 million Nigeria

Iamwrath:
And what about those of us whose shares haven't been paid out for years, don't we deserve any dividends ?

Dear sir, Please consult your stockbroker or any stockbroking firm that is a member of the Nigerian Stock Exchange(http://www.nse.com.ng/dealing-members/find-a-dealing-member/dealing-member-directory) for information about how to get your dividends. SEC has been shouting about unclaimed dividends running into billions of Naira. They want the owners to come and claim theirs. Your millions may be there.

Tazdroid:
Losing faith in the public sector employment opportunities.

What's the point applying for a job you don't get a simple acknowledgment of receipt of your application?

Sorry It's a private sector Job.

priceaction:
Nigerian stock exchange that is highly manipulated? Never.
Transcorp has thought me big lessons...

The 'Nigerian Stock Exchange' is different from 'Transcorp'. If Transcorps share prices were manipulated, sorry for your(our) loss please accuse them appropriately. don't just generalize on the entire capital market (esp. the NSE).

IamaNigerianGuy:
The previous companies he had listed what good has come of them?
Is this not the same man who had to go to the LSE because he could not raise adequate capital some years ago?
There's more to this than meets the eye.
Watching ....

Dangote Cement sugar and Flour are doing so well and offer Nigerians an opportunity to share company rights with the richest man in Africa-Aliko. I don't know where you got your fake story of Dangote going to the LSE some years ago to raise adequate capital. please enlighten me...

Geraldyne:
Lol.....op pls define slay

I'm co-asking too

ayatt:
most of them are no match to our public universities.
name them

unilag
uni ilorin
UI
OAU
ABU

the list is endless!!

it's only a matter of time I give it 3 more years and any covenant or Babcock university graduate would stand better chances at whatever than students from the schools you mentioned. Which are feeding on a lot of past glory except the Govt seat up and fund those schools properly

Guyman02:
The workers are protesting that an Accountant (Mr Usman Mohammed) who was a staff of AfDB should not be appointed to take over from a certified PhD Engineering practitioner (Dr. Abubakar Atiku) in such an important parastatal like TCN.
Can an Engineer be appointed to head National Hospital Abuja or UNTH?
Putting square pegs in round holes is one key reasons the country is dormant.

when you grow or get more exposed you'll realize that administrators/managers by virtue of their knowledge and skills can run anywhere. Most hospitals in the US are not headed by doctors, most banks have engineers and others in charge. Aruma oteh led SEC beautifully and gallantly yet is an engineer/scientist. We need to move from this myopic reasoning. My point is that in order to head the TCN, he doesn't need to be an engineer. He needs to be an excellent administrator or people manager with good knowledge about the TCN and power sector. He's worked there so I guess his knowledge is good. His level of quality transferrable skills I assume is high considering he's coming from the AFDB.

bettercreature:
This man should sell dollars to importers to reduce inflation,i don't fancy this nonsense,Egypt infact went to borrow 30 billion dollars to sort their dollar shortage problem
Egypt current reserve is presently $19 billion and its economy is 1000% healthier than Nigeria at the moment.You don't save money while your family are suffering
Don't quote me if you are not ready to defend yourself

it'll be more costly when you go to borrow money without some form of collateral' (reserves). Low reserves allow speculators to bet against your currency by hoarding dollars and driving the value of your currency down. This is even more possible when they notice your reserves are down. When you say Egypt is healthier than Nigeria you may need to explain. Because on my last check (yesterday) companies are in line to close up and lay off staff as a result of bankruptcy which occurred as a result of a devaluation. Things appear to be getting better for Nigeria on the oil side so now is the time to build up the reserves again. #497 is as fake a rate as the #305. whether we admit it or not, the black market accounts for small fraction of the FX market. The CBN is working we just need to be a little patient and those speculators holding the rate @ #497 will soon be gone.

IamPatriotic:
The Nigerian Army should learn to tolerate constructive criticism and findings of investigative journalism, this is democracy.

It is also democracy to advice a newspaper on its doings before taking it to court. The fact that it's a democracy does not give journalists the right to spew defamatory statements against the integrity of an individual.

Any robber or thief that tries robbing this house ehn, e don be for that robber

How is Nagging that low on the list. For me nagging is number 1 then poor personal hygiene follows. Then all others can follow

andersonbaba:
hmmmm... PhD holder in tomato studies

I

This op is either new to buying tomatoes or something. This is the season of tomatoes therefore it's cheaper. As the rains begin to set in, it begins to get scarce and expensive. Those with good light and freezers or other preservation methods store enough tomatoes to last the for most part of the rainy season.