Emzila's Posts
Nairaland Forum › Emzila's Profile › Emzila's Posts
1 2 3 4 5 6 7 8 9 10 11 12 13 (of 29 pages)
one of the ways to be recognized is doing things in a different way. Yahaya should have make him take the oath of office in his kitchen. if faleke doesn't like it, let him choose either river NIGER or the lagoon depending on where he is when the news get to him. if he is Lagos, d lagoon will save him some stress but if he is in Abuja, he can do with river NIGER. |
SamJed:You are right, even Ekiti is also APC state. |
excellencyabia1:if you are current and unbiased, you would have read on paper where buhari said the essence of TSA is to stop people from raising fictitious cheques for project not executed thereby preventing unused money for previous year budget from going into the new budget. |
d guy cup don full. all your boss need do is follow it up with police. the Lagos police seems to be in charge of their duties these days. |
Holyman3:just look at yourself in the mirror, the answer you need maybe right there. |
since this is coming from fashola, I will swallow it. let me play my part and watch him play his. I wouldn't want him to give excuses tomorrow. |
all that experience make up the joy of being a graduate. this will not prevent the next badge from telling the lecturers to free them so they can serve their father land. IT IS A CLARION CALL THAT MUST BE OBEYED UNDER THE SUN OR IN THE RAIN. |
una no go tell then is time to get married now. na so una call Rita and co sexy until they land where they are now. friendly advice for free. |
adorablepepple:your case is different from hers, remember she went for lump check. I think the only issue here is the young doc smiling seeing her body response. beside he may also had smile to make her feel comfortable but was misinterpreted. if you haven't gone for breast cancer test before, you need to read on how to examine breast for breast cancer. touching the tip is part of the test. the Op should let d sleeping dog be. her husband had imagined the possibility of a doc touching his wife's breast wen he gave his concent he will be feel furious to hear that the test went beyond his imagination. pls next time, ask for a female doc. other ladies in the house take note, wen u go for such test pls state you doc preference. |
FlirtyKaren:report to any EFCC office around you. no harm in trying. the company should be hold responsible for that. you made complain at the appropriate time their carelessness cost you your hard earned money. |
modestbrowser:we dont hear of it then because the social media was not there, some human right agencies that now exist were very few then and with low awareness on their existence besides if not for social media, would u have know about this one? the level of rape then was even higher than now that people know when they commit such crime in Lagos, someone in owerri, kogi, Kaduna etc could read of the story online with their name clearly mentioned in the media. |
I once travelled to my childhood friend's place and had to spent days, one day while he was away and I was on bed pressing my phone, his smart daughter of about 3 came around and initially was trying to loose my belt, though my attention was drawn to wat she was doing but I thought it was a normal children playing with something they consider different from wat they ve been seeing. so I was busy with my phone and left her to play on. after some fruitless effort, all of a sudden the little girl jump on me, open her legs around my waist and was making sex move, I quickly drop my phone and try to bring her down to one side of the bed but to my surprise, the little girl stage protest resisting my move. I had to force her down and quickly stood up. ever since then, I reduced my closeness to her each time i visit and also avoid staying with her alone because I don't know how to tell her parents that their 3yrs child already know more than she should. |
dubylhover:also the driver's mirror is there to see |
wiseoneking:Taaa Igbo's worship money. I lived there for over a decade and I know more of their culture. who ever said Igbo fear no man is economical with the truth. emulation is better than jealousy. learn from this post to respect constituted authority. |
asEdeyHOT:I sometimes heard is an abomination for the king to have his father prostrate before him in greeting. pls can u throw more light on that? |
if you take her to a pastor now she will say all wat the man knows is prayer and prayer yet she wants a God fearing man. you take her to Dangote, d marriage will collapse the following week because Dangote will be too busy to know she exist yet she need a hard working man. I asking ladies to look for something different from their view of life, its fascinating because you will have the opportunity to learn other side of life and also teach someone your own understanding of life. truth be told, Yemi Alade is by God's grace, a successful woman, why is she so bend to getting a reach(not just by saying it but must show it) man. |
Tinydick:and u think Jonathan has the will to make it effective? if yes where were EFCC, Custom, petrol marketers etc during GEJ administration? the marketers turned him to their toy while custom were busy sharing our revenue since oga at the top was ineffectual, the EFCC became shadow of itself. |
Osun, my ex served there when the going was good. the very day I stepped into the community, the same day I started planning her relocation to Enugu and eventually she was relocated. they careless of education but more of jazz. |
NavierStokes:Understanding the difference between the Excess Crude Account (or sovereign wealth fund) and a Centranl Bank’s External Reserves There seems to be a lot of confusion on the difference between the ECA and the CBN’s external reserves and what constitutes good and bad policy regarding both accounts so I am going to try to clear it up with this post. First we have the Excess Crude Account (or the new Sovereign Wealth Fund). The point of this account is to guarantee revenues for the Government if there is a significant drop in its regular revenues. Such a drop could come from an economic downturn that reduces tax revenues to levels below expectations or more specific to Nigeria’s case a crash in oil prices. Something which happens very frequently. Good fiscal policy would be to set the budget based on a logical revenue benchmark and save all the unexpected extra revenue. Hence the ECA should be increasing during “good times” and decreasing during “bad times”. This guarantees, in our specific case, that government policy is not affected by fluctuations in oil prices. The ECA is usually domiciled outside the domestic economy to protect from domestic downturns. Basically the ECA is a glorified government savings account. At this pont it is important to note that the government does NOT mean the CBN. The government here is just the federal, state and local governments. Secondly we have the CBN’s external reserves which is really just the physical ( or readily available) amount of foreign currency the central bank has at its disposal. Foreign exchange markets are usually very volatile and one of the primary objectives of the CBN is to ensure price and monetary stability, conditions which are ideal for economic growth. Exchange rates are ALWAYS determined by the demand and supply of any particular foreign currency and the central bank acts to stabilize these rates by either selling some of its stock of reserves to increase supply hence reducing rates or buying up some foreign currency from the market to raise rates. The point of maintaining reserves is for the CBN to have the ability to stabilize the rates. Remember the CBN cannot print foreign currency so it needs to have physical ( or readily available ) stock of foreign currency to be able to act to stabilize exchange markets. Note that the CBN cannot use the reserves for anything else. For instance the CBN cannot use the reserves to build a highway. That would simply count as the CBN selling reserves to the market and reducing exchange rates or devaluing the local currency. So from the CBN’s point of view good management of excess reserves would be a case where it has enough reserves to stabilize the markets for the near future. Getting back to the point of the post, the CBN defending the naira (or preventing the naira from appreciating) is completely different from the FG running down the excess crude account. The central bank intervening in the exchange market is really very normal especially in countries like Nigeria where the bulk of foreign exchange comes from a single source. Also when the external reserves is relatively stable, then defending the naira become really a non-issue. The FG running down the ECA during a period when the oil price is way above the budgeted is an indication that the government is heading towards self inflicting economic hardship when the price eventually crash. Link between ECA and External Reserve. Withdrawals from the ECA should actually boost the CBN’s external reserves. A $2bn withdrawal for example is equivalent to a random foreign company x spending $2bn in Nigeria which implies more dollars entering the local exchange market further implying that the CBN, if it was trying to stabilize the currency, will have to buy some dollars from the market or on the flip side not sell as much dollars on the market as it would have. Since the FG is the party spending in this case the dollars probably just go directly to the external reserves stash with the FG spending the Naira equivalent. In practice however the effect is not that severe. The eternal reserve dropped from a reported $47bn in april 2009(when GEJ took over) to $29.1bn in May 2015(when GEJ handover) within this period, the FG also depleted the ECA an action that was supposed to boost the external reserve. the present challenge in Nigeria is being experience in other oil exporting countries but unlike Nigeria under GEJ administration, those other countries had saved in expectation of a time like this. the circle of economic boom and bust has life time of about a decade, it bursted in 2008 and now it burst again but this time around, is hitting us hard because we have no shock absorber courtesy of GEJ administration. I hope this helps you in understanding how the economy works. thanks to Owolabi Emmanuel and Nonso Obikili |
Frank3n2:people like you don't know how the economy works. you only judge from the present that is why you see no reason why GEJ should be blamed. GEJ should be blamed because he failed to save for a time like this. OBJ left $45b dollars in our foreign reserve, Yar Adua left $47b ( an indication that he built on what he met) but GEJ, during who's tenure Nigeria earned more from oil left $29.1b. if NIGERIA HAS $17.9b($47-$29.1) to inject into the economy, we won't be blaming GEJ. He could not build on what he met but choose to squandered it. |
prico32:first of all, assess your future prospect working with any of the companies, if they are both ok, then give your new employer like one or two weeks ahead of the day he wants you to resume, tell him u just need the week to round up an assignment on your desk, this will help you to know whether the new team you about to join has listening ears or not. if he agrees, then meet your boss and discuss with him one on one, let him know you have applied for this job before now and it comes with better offer. success |
we are getting there. has anyone notice that policies in Nigeria are now being completed on scheduled dates, has anybody notice that public officials are becoming skeptical about taking bribe, did you guys hear the Senate President saying that if the non oil and independent revenue aspects are well taken care of, we need not give much attention to oil price? is just going to a little time, we will get there. I prefer this regime being criticize at the his earlier stage than later. |
ProfessorPeter:you have just identified yourself a stark illiterate alongside those who like your post. despite all your parents' effort, yet you end up like this. |
FAYOSE SHOULD BETTER BE GETTING READY FOR THE CHALLENGES AHEAD IN FEW DAYS/MONTHS. TELLING BUHARI TO STOP THE TRIPS IS JUST LUKE TELLING HIM TO STOP ATTENDING GOVERNORS' MEETING. WHAT HAS HE ACHIEVED IN EKITI? I WILL ONLY TAKE TALK ON FOREIGN TRIPS SERIOUS WHEN SUCH IS COMING FROM THE FOLLOWING STATE GOVERNORS NAMELY: ANAMBRA, OGUN, AKWA IBOM, AND FEW OTHERS. |
jordyspices:not loop holes, it just means that people are now doing their job thoruoghly. is no longer business as usual. |
may the God of Abraham, Isaac and Jacob lead them to Esther even as they journey to see Emmanuela. |
SoNature:Oga, i know you ve been following politics since 19BC but excess crude account is not the same as your foreign reserve. It is not how long but how well. |
thundafire:when a leader lacks direction, anyone can cow him. do you know how many times Buhari had been told to devaluate naira? but he refused. one of the reasons is that he has a goal not to devaluate naira against the dollar, he also know that by the time the budget is passed and contracts are being awarded, many of the contractors will be paid in foreign currency through our banks who will then push the dollar into circulation to ease the scarcity, hence he needs not panic over short term scarcity and its challenges. JONATHAN would have ran out of that office by now, he wouldn't have known the direction from which to address Nigeria economic crisis with oil selling below $30 per barrel. and by now, he would have depleted our external reserve to $2b. |
gbenga4sure:do you watch the movie? those people brought evil upon themselves. if you think you can undermine constituted authority, be ready to face the consequences. |
it's just simple observation....