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Politics / Re: Peter Obi Already In The Lead In Lagos State by Emmyvans: 6:02am On Feb 27, 2023 |
Nonny95: While this is impressive from Peter Obi. I wanted to add that the total for APC wasn't computed correctly. It should have been 509,485 but Obi still ahead |
Agriculture / Re: Nigeria Now The Highest Producer Of Rice In Africa by Emmyvans: 10:34pm On Jan 03, 2020 |
Please google. This is an old new from March 2019. See link below: https://allafrica.com/stories/201903070061.html |
Business / N50 POS Charge On N1k And Above Transaction by Emmyvans: 5:46pm On Dec 23, 2019 |
I just got out of a popular petrol station and was made to pay a N50 POS charge, having bought N2k fuel. I thought the N50 charge now applies to N10k and above transaction. Who else is experiencing this and why has the reviewed charge not taking effect. |
Sports / Re: Proof Match Officials Were Against Manchester City In Game With Liverpool by Emmyvans: 11:06pm On Nov 13, 2019 |
Please guys, let this discussion end. Haha, if Bernardo Silva had played the ball against a goalkeeper and it recocheted off his hand at that speed into the net, would you have called it a goal. Cos I don't understand how Silva's handball is not a case in this scheme of things. Pleeeeeeeeease 1 Like |
Phones / Re: Carlcare Is Here With You by Emmyvans: 11:10am On May 12, 2018 |
Hi Carlcare, My Techno C9 screen appears to have broken with a corner with dark ink and the rest of the screen all blank with some lines. I believe the screen may have to be replaced. How much would it cost me as I am headed to your office computer village, Ikeja. |
Travel / Re: Slay Queen asks for free stuff from Hotel but gets a shocking reply from Manager by Emmyvans: 5:56pm On Jan 28, 2018 |
This hotel manager deserves a statue in IMO State. First class savagery. 1 Like |
Education / BODMAS MISUNDERSTANDING: Whose Fault? Teachers, Pupils Or Parents by Emmyvans: 2:52pm On Nov 11, 2017 |
...Not sure what class I was when I first heard the word BODMAS but I am very sure it was in primary school. More so, because I dreaded (or even hated) going to school when I was little, I am also sure I missed the introductory class on BODMAS due to either being ill or feigning illness. I donât know which of my teachers or friends mentioned the full meaning of the acronym, but what I knew it as was; [center]Brackets, Of, Division, Multiplication, Addition and Subtraction [/center] It was when BODMAS was trending on the internet, only as recent as September 2016, years after leaving primary school, that I realised I have been talking wrong about the meaning of the acronym. See below; [center]Brackets, Order, Division, Multiplication, Addition and Subtraction [/center] I am also certain I wasnât the only one who had this misconception of the acronym. God bless our teachers sha. However, the essence of this article is not in whether the âOâ stood for âOrderâ and not âOfâ but to address an observed problem that a lot of persons (young, old, elderly) do not understand how this foundational process works. I had my struggles in time past but it appears lot of persons display their misunderstanding of the term with so much confidence that the popular (wrong) response rather than the correct answer is accepted as right to a supposedly simple math problem. And I ask myself, who is really to blame for this grave misunderstanding. Should we blame our primary school teachers who, themselves, misunderstood the BODMAS process and explained it to us to their own understanding? Or should we blame pupils who didnât pay attention when the correct thing was taught or who saw teachers as gods and took everything they were taught hook, line and sinker? Or should we blame parents and guardians who did not understand the process or forgot the process and could not put their children through on the right? Whose fault is it? It may sound funny but it is actually a very serious matter. By fire and by force, we must break out of these strongholds for the sake of our kids and wards. Dear readers, do take a minute to answer the question below. Also share friends and colleagues to attempt. On the next series, I will also share the right BODMAS process and do share with everyone so that we can all understand.
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Phones / Re: Smile Network Gives Me 1GB Data Bonus Cos Its My Birthday by Emmyvans: 8:30am On Jun 21, 2017 |
Nltaliban: Yes sir. My Smile network comes with their modem. So communication goes through my mobile no.
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Phones / Re: Smile Network Gives Me 1GB Data Bonus Cos Its My Birthday by Emmyvans: 8:23am On Jun 21, 2017 |
dragnet: Thanks |
Phones / Smile Network Gives Me 1GB Data Bonus Cos Its My Birthday by Emmyvans: 12:33am On Jun 21, 2017 |
Does your service provider give you any bonus, incentive or gift because it's your birthday? Do you receive anything other than "Happy birthday, we wish your many more years ahead, From all of us at F..." Or do you get, "Dear Emmanuel, Smile wishes you a memorable Birthday today! Enjoy our gift of 1GB data to celebrate your day." The big smile I had on my face after checking my data balance and affirmed it was legit. They blew my mind cos they were the first to send me a message and it came with a bang. Even my Airtel network never send me any message. There is God... Please show some love to SMILE. Please help this make front page. Airtel needs to send their free airtime and First bank their credit alert.
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Car Talk / Re: LASTMA Traffic Fines Lists by Emmyvans: 6:31am On Apr 11, 2017 |
Dear all, This document is pre-2012. It is not the valid document as it has been repealed (read heading). Please don't go arguing with LASTMA based on this. E go clear for your eye. As noted by the OP, the minimum fine for any offence now is N20,000 Be warned |
Jobs/Vacancies / Re: 5 Careers/jobs To Avoid As An Introvert by Emmyvans: 7:21am On Jan 08, 2017 |
@Op. I would have thought so 3 years ago. Until I became a salesman and I've thrived so well. Everyone thought I wouldn't succeed at it back then, including myself. You'd be surprised at the many things introverts can do. Although the social fanfair is not a natural tendency, once there's a purpose to achieve, introverts will always thrive. Medicine and Nursing, introverts prevail. They have learnt to engage with people in the course of their study and with purpose. They are sensitive to what others feel and are able to give the right kind of care. So, Introverts will not avoid those kind of jobs. Even if they fail the first time, they are eager to succeed in it and prove not just you wrong, but themselves 13 Likes |
Politics / Re: The Interview: Emmanuel Hawke (based On A True Story) by Emmyvans: 12:40am On Oct 15, 2016 |
Hmmm. How long have you been working with them? I have been working for 3 years. I Joined her in August 2013. I can say a lot about my stay in this firm. Even before it. I had just gotten a regret mail from PWC for a graduate trainee role. Regret mails are the most devastating mails any fresh graduate will find hard to comprehend. I got a text message from them saying they were recruiting Retail Development Managers. I googled to find out exactly what the role was about. My dear, it was about selling. I who couldnât sell myself to finance people in the last year, how do I sell myself to sales people. I just pepped myself to go do the test, with some encouragement from my elder sister (i also had an elder brother and a younger sister) and see if i can improve myself through interview sessions. By this time, I had become over-confident in test matters, interviews were the big walls. All of a sudden, I became a bit motivated during the interview session. I wasn't scared this time that I would do poorly. Somehow, because I wasn't interested much in the job, I felt I had nothing to lose. I was just bent on trying to sell to sales people. If I could sell myself to these guys, then I could sell myself to anybody, I told myself. I could just do anything? Shy and Timid Emmanuel Hawke. On my interview deck, I didnât still think I sold myself well. Up until then, I had never actively sold anything to anyone. Selling was the last thing I ever thought Iâd do in my life. In fact, selling did not make the list. And when the list was being read about those who qualified, I was damn shocked that my name was mentioned. But you know what; it was all I needed to do at that point. Learn how to sell, build confidence. That would be the beginning of my career in the sales world. Selling milk and yogurt. Note: Of the three panelists, there was only one person who believed I stood a chance and I still tend to think that person gave me this chance I got. (You need 2 humans to believe in you- You and 1 person on the panel.) How were you able to cope, there sure must have been some Nostalgic feeling, given the massive drift? If you know what i mean? From introvert to by force extrovert. From waiting for people to start conversations to initiating conversations? Seriously, how did it all go? As it seems you have survived 3 years selling milk and yogurt. |
Politics / Re: The Interview: Emmanuel Hawke (based On A True Story) by Emmyvans: 12:20am On Oct 15, 2016 |
****Continued**** How did the Job search after school go, what were you looking out for? I knew what I wanted to do when I left the university. But I wasnât sure of how I was going to get to it. I didnât have much of a mentor in my school days. So everything I wanted to be spanned from what I thought, experienced and my relationship with friends. I never wanted to be like my lecturers who took up lecturing from day 1 but I believed Iâd lecture someday. After I have applied myself in the real world, after haven understood the reality of the workings of the economy, after I have been able to put theories to test and influenced one or two factors in the economy. I believed Iâd be more confident when I talk economics or teach economics if I experienced or influenced it actively. The closest thing people talk about after school was getting professional qualifications. All I heard mostly about was how ICAN (accounting professionals) was hot cake and the way to go. But I knew I didnât want to be much of an accountant. A role as an economic or financial analyst would best set me off. So I thought of the stock market, working in an investment banking firm. That was how I enrolled with the Chartered Institute of Stockbrokers just before I went for the National Youth Service in 2012. With 2 level exams to write, I came out with the best result in the Level 1 examination and was best in a course in the level 2 exams. By October 2014 I was a qualified member and by October 2015, I became an Associate Chartered Stockbroker. Impressive, Iâm sure a lot of stockbroking firms and investment banks would have been attracted to your feat? Hmmm. My brother. Itâs been one year since I became a Chartered Stockbroker. Recall you earlier asked what I do for a living. Yes, you mentioned you sell milk and yogurt? Well thatâs fascinating. How did that come by? Truth is, I wasnât the very confident person. I was timid/shy and didnât seem like someone who was sure of himself. I did not do so well to impress a lot of interviewers. It got to a point that I started thinking if there was something wrong with me. I started thinking I wasnât good enough. I certainly realised that knowing the stuff wasnât all that mattered. Showing it confidently was. In fact, I thought confidence was all that mattered. What one knew was secondary. I remember the very first company I applied for as a graduate trainee, I think. It was around February and March 2012, Renaissance Capital. This was just the perfect organisation I needed to start my career in. I wrote my first aptitude test and unsurprisingly, I failed it. I was very disappointed. I did my home-work afterwards, studied GMAT questions and answers. That would be the only aptitude test I think I have flunked till date. I went onto interview stages with KPMG, PWC and Grant Thortern (Audit firms), Access Bank, Nestle, UAC foods, Diageo to name a few. Well, a couple I missed out on due to time constraint while other online interviews I flunked big time. And you know what, in every moment I advanced through the Chartered Institute of Stockbrokers, I was updating my Resume and sending it to mail addresses of every Stockbroking firm and investment bank I knew. In the 3 years between 2012 and 2015, I never got an invite. I was too timid to take my Resume by hand. I assumed it wouldn't change anything (Don't ASS-U-ME). Oh, sorry. I got one invite on the day I was to resume a new role at my current organisation,..... Hmmm. How long have you been working with .....? |
Politics / The Interview: Emmanuel Hawke (based On A True Story) by Emmyvans: 12:15am On Oct 15, 2016 |
The details below is an excerpt of discussions with a Nigerian graduate, Ups and Downs in achieving his dreams and what he plans to do. You'd learn that life isn't a fairy-tale all the time. A few failures here and there will always come by. Just keep pushing. Read on and enjoy Tell me about yourself? My name is Emmanuel Hawke. I was born in June, 1989. That makes me 27 years old. I live in Lagos, Nigeria with my parents. What do you do for a living? I currently work for an FMCG in Nigeria. I sell milk and yogurt for them. Is that why you still live with you parents? Pay not enough to get an apartment of your own? Not really. Given the economic condition, pay seems decent. Just feel I could save a few bucks on rent, bills and food by hanging out in their house for a while. Been some good while though. Is that what youâve always wanted to do? To sell milk and yogurt! Of course not. So tell me, what was your dream job growing up? Well, I never really fancied the sciences in junior school and had fallen in love with mathematics and business studies. So it was easy for me to tell the world that I was going to be an accountant. What did an accountant mean to me at that age? Working in a bank and counting so much money. I guess that was allowed at that time. I really didnât know jack of what an accountant did. I was between 11 and 12. When I got into Senior School, I discovered a new love called Economics. It was like the best thing that ever happened to me. The theories, models, logics and generalisations were so fascinating that I started thinking in like manner. I guess the fact that it had a lot of maths, tables and graphs interested me more. By this time, I wanted to be an economist. I wanted to study the economy, how it worked, how it could be influenced and how I can influence it. Hmmm, so I expect you must have aced Economics and Mathematics all through senior school? Well⌠I enrolled for my first Senior external exam, G.C.E, just at the start of my S.S. 3. And guess how well I did. I got at least a credit in all important courses. However, except in the one I claimed to love the most, Economics. I think it was a D7. Thatâs quite interesting. What was your reaction? How did it feel? It was quite surprising at first. My friends and even my Economics teacher were shocked to say the least. Funny thing was, the subject areas I didnât think Iâd do well -e.g. government which I disliked because of the many tales and story-telling, advantages and disadvantages kinda thing- I passed. Well, when I thought back to how the exam went and what I wrote, I immediately recognised where Iâd flunked it. It was not a poor marking; it was me doing the wrong thing. It was my fault and I took responsibility. Anyway, I sat for the May/June WAEC where I passed all my subjects and was good to pursue my dreams to study Economics and hopefully become the CBN governor when I grow up. So, did you go on to Study Economics? Sigh⌠I actually did at the end of the day. I didnât have my first UTME result released for obvious reasons. Sorry bro, the reasons are not obvious. What happened? It was just a month or so before I wrote my WAEC exam. My parents had registered me at a special centre and the whole special centre thing was strange. I got into the exam hall late because I was waiting for answers. Even when I got to my sit and was given my question paper and shading sheet (OMR form). It all seemed weird. The invigilators eyes seemed to be affixed on me and I practically didnât know what I was doing. I was a naĂŻve brat thrown into a pool of cheating. I think my paper was ceased for the bulk of the exam period before it was given back about 20 minutes before the exam ended. I think I cried all through the evening on getting home. I made up my mind that was the last time such was going to happen to me. Hmmm, Iâm sure a lot of persons can relate to that. So, what next? I wrote the UTME the following year, applying to study Economics at the University of Ibadan. I think I did pretty well. Not certain of the score now but it was around 256. I started the admission process and provided my WAEC result to be scored alongside. Overall, my score wasnât high enough to be considered for economics. I had to switch to Geography to make it through. However, I wrote another UTME where I got the chance to study Economics and Statistics at the University of Benin. I didnât graduate top of my class, although I came out in the Second Class Upper Division. I was beaming with energy and excitement. Ready to take over the world. Or did I? |
Politics / Re: It's the economy, Silly!!! by Emmyvans: 9:12pm On Oct 05, 2016 |
How time flies |
Business / PZ Cussons Declares N2.3bn Pre-tax Loss In Q1 by Emmyvans: 8:59pm On Oct 05, 2016 |
PZ Cussons Nigeria Plc is in murky waters. Itâs recently released first quarter results showed a huge foreign exchange losses swallowed all of its operating profit, resulting in a loss after tax. The soap-maker has battled with a scarcity of foreign-exchange, soaring inflation and weaker consumer demand. PZ Cussons Nigeria Plc has released its Q1 unaudited financial statements for the quarter ended 31 August 2016. The results show that the company recorded N2.43 billion group pre-tax loss, a loss after tax of N1.58 billion from a profit of N546.80 million the same period last year. Sales increased by 12.40 percent to N16.75 billion as the companyâs strong brand across a wide spectrum continued to support the top lines. The loss position was due to foreign exchange loss of N4.70 billion that wiped out all of the N2.21 billion in operating profit in the period under review. Most companies in Africaâs most populous nation have recorded huge exceptional losses as a result of the adoption of a flexible exchange rate by the central bank in June that saw the naira loss 30 percent of its value to the dollar. The naira depreciated by 8 percent on the interbank market N320.21 as at 4:30pm while the black market rate goes for N475 . PZ chief executives had complain that the environment is challenging saying the currency peg imposed by the apex bank would undermine growth as it was practically difficult to source dollar for the purpose of buying raw materials for purpose of production. The economy of Nigeria has been hard hit by a 50 percent drop in the price of oil while GDP shrank to 2.1 percent in the second quarter while the IMF forecast a contraction of 1.80 percent as the country fell into a recession, the first in 20 years. Inflation rose to 17.60 percent in July as against 17.10 percent as at July, the highest in 11 years. Nairametrics is of the view that since exchange losses are a one off events of exceptional items, the company will rebound to growth at the bottom line. http://nairametrics.com/floating-of-naira-punishes-pz-plc-with-a-n4-7-billion-exchange-loss/ http://www.businessdayonline.com/en/pz-cussons-reports-q1-group-loss-before-taxation-of-n2-43bn/ 1 Like |
Politics / Re: Oil Revenue Crises: Thousands Of Venezuelans Cross Into Colombia To Buy Food by Emmyvans: 1:25pm On Aug 14, 2016 |
Hmmm |
Business / Savings Account and Inflation: You are losing more money than You think by Emmyvans: 8:47am On Jul 05, 2016 |
Inflation can be really annoying as the cartoon below portrays. I remember the food stuff price situation in Nigeria over the last 3 months especially for rice and tomatoes. It must have really gotten under a lot of skins, right? Thatâs by the way. I would have posted this article in May when the National Bureau of Statistics announced that headline inflation rate for the month of April, 2016 was 13.72%. But I needed to protect my position before commercial banks, investment banks, real estate firms and other organisations began to use it as a means to scare people into investing their idle cash with them. Take this truth for example âAt a continuous inflation rate of 13.7% per annum, the N100,000 in your savings account will be worth N50,000 in 5 years, 4 months, 23 days and 12 hours.â I for one would have been gripped with fear before thinking of a way out and start yearning for a solution or some salvation from this plague called inflation. Check out these options; âInvest N100,000 in my firm today and Iâll ensure that the real value of your money in 5 years, 4 months, 23 days and 12 hours, remains N100,000.â or âInvest N100,000 in my firm today and Iâll pay you back N200,000 in 5 years, 4 months, 23 days and 12 hours.â While Iâd like to know which option you would buy into. In truth, both packages are technically the same thing. My Anger Unfortunately, 2 months have passed since then and I have heard nothing from these top-notch organisations. At least some form of threat would have been nice to start with. Or maybe I have not been reading the papers and listening to the news very often. Though I feel a bit disappointed. Or maybe investment firms have more on their hands to grapple with or canât provide a financial solution that would protect investorâs funds from the impact of inflation or at least reduce their losses. My Opinion Well, if you ask me, Iâll tell you real estate, landed property. Iâd also mention some fixed income security that may reduce your losses. A well diversified mutual funds may suffice. If your co-operative isnât investing in like manner or isnât helping you get good deals, then the loan opportunity and light terms are the only benefit I see in it. However, if you keep lots of idle funds in your savings account, inflation eats into its value, and then add all the magnificent bank charges that have been increasing in recent times. My Threat NBS announced a 15.6% inflation rate for the month of May 2016. If this rate continues, every N100,000 in your savings account will be worth N50,000 in 4 years, 9 months, 11 days, 7 hours, 45 minutes and 49 seconds from today. Make a wise investment today. Note: Inflation rate is not necessarily going to be constant. Expectations may vary from month to month or year to year. The assumptions used are based on the consistence of such constant rate over several periods.
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Politics / Re: Nigeria's Daunting Economic Challenge- FOREX by Emmyvans: 6:42am On Jun 18, 2016 |
Finally, the CBN takes a decision on forex, provides a more floating exchange rate guideline and the market economy seems pretty excited as access to the green back is sure to improve and a level playing created for all businesses. Trust more dollars will come out from their hide-out even as foreign investors are lured back into the country... Step in the right direction I'd say, though with a risk of further inflation but only a short time 1 Like 1 Share |
Politics / Re: Nigeria's Daunting Economic Challenge- FOREX by Emmyvans: 4:25pm On May 28, 2016 |
Crude oil output for quarter 2 was forecasted at 1.6m barrels per day during the period. With the rate at which oil installations are being attacked and output shut in by oil firms. Q2 crude oil output forecast may drop to an average 1.4m barrel per day. Nigeria is sure doing a good job propping up oil price on the international market. With more forex shortage imminent, the value of the naira may slide further leading to rising import inflation. If foreign investment (or dollarsof some sort) does not close up balance of payment challenges |
Education / Re: Stella Chinelo Emelife: UDUS Best Graduating Student And Injustice by Emmyvans: 2:08pm On May 26, 2016 |
Congratulations to her... On a side note, there were three(3) sets that graduated. What happened to the best graduating students of the 2 other sets... |
Politics / Re: How The Economy fared Under Yaradua With Oil @ $40/barrel And The Reality Today by Emmyvans: 3:24pm On May 25, 2016 |
Well... See below details from the debt management office... This should clear up some matters.
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Politics / Re: UAE Govt Releases List Of Nigerian Politicians Who Have Properties In Dubai by Emmyvans: 9:55am On May 25, 2016 |
Please read below jere UAE Government Releases List Of Nigerian Politicians Who Have Properties In Dubai, Abu Dhabi 1 Like 1 Share |
Politics / Re: Nigeria's Daunting Economic Challenge- FOREX by Emmyvans: 10:07pm On May 24, 2016 |
989900B: Market forces may be allowed to determine the value of the Dollar against the Naira. That should see the official exchange rate plummeting from N197/$1 to between N260-N280/$1 Hope they also make FOREX easily accessible this time |
Politics / Re: Nigeria's Daunting Economic Challenge- FOREX by Emmyvans: 7:57pm On May 24, 2016 |
CBN finally decides... Allows exchange rate to float more freely http://dailypost.ng/2016/05/24/cbn-finally-adopts-flexible-exchange-rate-policy/ |
Politics / Re: Nigeria's Daunting Economic Challenge- FOREX by Emmyvans: 3:03pm On May 24, 2016 |
Hmmm... Some other countries are already deep in the mess. See Venezuela: https://www.nairaland.com/3124689/sugar-scarce-venezuela-coca-cola-stop |
Foreign Affairs / Sugar Is So Scarce In Venezuela That Coca-cola Will Stop Production- Bloomberg by Emmyvans: 2:44pm On May 24, 2016 |
Coca-Cola Co. is halting production of sugar-sweetened beverages in Venezuela as the companyâs namesake soda pop becomes the latest victim of a lack of raw materials in the cash-strapped country. The iconic drink is the latest to join a group of basic products becoming scarce in a country beset by currency controls, goods shortages and the worldâs highest inflation rate. Kraft Heinz Co. and Clorox Co. have also had to interrupt operations in Venezuela, where itâs now common for citizens to wait in long lines for household items such as deodorant, toilet paper and medicine. âSugar suppliers in Venezuela have informed us that they will temporarily cease operations,â Kerry Tressler, a Coca-Cola spokeswoman, said in an e-mail. The company is talking with suppliers, government authorities and others to work on a solution. Venezuela is experiencing the worst recession in decades as the falling price of oil, which accounts for about 95 percent of foreign currency earnings, pushes international reserves to a 13-year low of $12 billion. The economy contracted 5.7 percent in 2015 and is expected to shrink an additional 8 percent this year, according to the International Monetary Fund. The inflation rate is projected to climb to almost 500 percent. Military Exercise Rising political and economic tensions are gripping Venezuela, with the country holding the biggest military exercise in its history this weekend as the opposition pushes for a recall referendum on President Nicolas Maduro. The opposition has pledged further demonstrations nationwide to pressure Venezuelaâs electoral board to process a petition to activate the referendum. Maduroâs critics accuse the government of stalling to avoid early elections. Price controls, rising costs and a lack of foreign exchange have resulted in a drop of sugar-cane production in the country, according to a 2015 report from the U.S. Agriculture Department. State Monopoly âThe state monopolizes decisions to grant fixed dollars to import sugar raw material, since it is a regulated product,â said Luis Marin, president of the Industrial Chamber of Lara state, where four sugar-processing plants are located. âVenezuela has always imported, but there has been a major increase in the last couple of years.â Coca-Cola said the production of beverages without sugar, including bottled water and Coca-Cola Light, isnât affected. Coca-Cola Femsa SAB, the distributor of the companyâs products in Venezuela, declined to comment. Last month, Empresas Polar SA, Venezuelaâs biggest brewer, said it would be forced to stop making beer because it canât get the foreign currency it needs to purchase malted barley. http://www.bloomberg.com/news/articles/2016-05-23/coca-cola-to-stop-production-of-sweetened-beverages-in-venezuela
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Politics / Re: Corruption Was Beneficial To Nigeria? Simple Case Study by Emmyvans: 10:25am On May 24, 2016 |
Politics / Re: Nigeria's Daunting Economic Challenge- FOREX by Emmyvans: 9:02am On May 24, 2016 |
Tough Choices The outcome of CBN Monetary Policy Committee meeting this week will seek to influence areas of foreign exchange policy, inflation, rising unemployment and economic growth. Great creativity has to come into play. Policies to increase foreign exchange access that will cater for importation of necessary manufacturing inputs as well as stimulate economic growth are imminent. However, 2 evils may have to be considered; increasing interest rate to curb inflation and attract foreign funds (which may negatively impact the local economy in the short term) or devalue the nationâs currency and ease FOREX access to reduce the pressure on dollar demand and make more Naira available upon conversion of export proceeds to run the local economy. Consumer demand is squeezed with rising prices (inflation) eating into their constrained budget thanks to the increase in food prices and PMS prices. Unemployment figures from NBS shows that more Nigerians are thrown into the labour market, either from having lost a job or having graduated from higher institutions (or finished NYSC where necessary). State governments are finding it difficult to pay salaries as crude oil earnings which contribute significantly to budgets of Nigeriaâs federal and state governments fall short. A grave task lay in the hands of our leaders. Written by Emmanuel Imaguezegie |
Politics / Re: Corruption Was Beneficial To Nigeria? Simple Case Study by Emmyvans: 7:07pm On May 23, 2016 |
Tough choices indeed See link: https://www.nairaland.com/3123052/nigerias-daunting-economic-challenge#45903073 |
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