₦airaland Forum

I use a Toyota RAV4 by God's grace and I can tell you that it's very good. I used cars when I was in Nigeria and drove when I went last year, so I still have a fair knowledge of the road condition. If I have to choose again, I will definitely choose Toyota. I have no experience of other 4x4s, so can't compare. If I decide to come and settle in Nigeria, I will rather buy one there or ship one from Europe to Nigeria.

Na waa for Naija o! Nothing you no go see for that place. The first time I saw (Didn't take a closer look) a so-called TV-phone was just over a month ago, when a friend came over from Naija. I was appalled by the idea that I didn't even ask to see it. Where will you watch TV on it if you don't have a car driver? or is it in the office when you are meant to be working? I don't know if this even exits in the UK. Anyone over here please enlighten me!!

I thought "WWE" meant "World Wrestling Entertainment" . On a serious note, in the mid- 70s, I used to think it was real, but now I have no single doubt it's all entertainment.

First of all, congratulations to you. My advice is to compare the offers to what career plan you have for yourself. What positions were you offered? Which one is more related to your ambition? like somebody rightly said, the money is not what really matters, though it's important. My first job as an Accounts Officer in 1989 was N250 per month, in 1993 (4years after), after doing ICAN, I was earning about N25,000 per month, so you see, it depends on your career focus. I changed to IT after many years of accounting profession and I'm loving every bit of it. May God guide you through the right choice.

babasin:
It is the best in the WORLD.

I love it and missed it so much.

why can't we have francishe abroad?

Yeah right

If you want to be pass GCSE O\Level with frying colours, then come to be educate English inside this tred!!!

We only hear about Segun Odegbami these days, but where are the likes of Christian Chuckwu, Ojebode, Best Ogedegbe etc. Any idea people

I used to support IICC Shooting Stars of Ibadan

@Seun

Manchester "United" (Thank God it's "U" not "ME"  ) is not doing very bad, but they are tagging behind Arsenal in the Premiership and going by Arsenal's briliant performance so far, it's very easy to predict them (or should I say "us" to win. Do you get the gist

Looking at this objectively, UK is definitely safer than Nigeria, I'm sure the poster knows this because he's not stupid.

The safest place on earth however is  "The secret place of the Most High"  (Psalm 91:1)

@Poster

I lost a younger sister in the past, therefore I know how it feels. Please give my condolence to everyone in your family, May the good Lord comfort and sustain you during this trying period. Amen.

4. To determine the PE and the EPS, you need to have the company's audited account at hand. PE= the market price divided by the EPS. the EPS on the other hand = PAT/Nos of shares. for illustartion, assume company A posted N5,000,000 profit after tax (PAT) result and have 10,000,000 ordinary share capital. while the market price of his share is N15 per share at close of a business day.

it therefore means that EPS= N 5,000,000/10,000,000 = 50kobo per share.
the PE= N 15/0.5 = 30.

i hope i have played my part to this thread. for more information send an email to remmychess@yahoo.com

Cheers
[quote][/quote]Eri mi wuuu !!!!! Well done jare my brother!!!!

tynos:
I heard that omosexy has stretch marks.

Boredom sometimes leads to momentary brainwaves!!!!!

Check this out;

http://uk.news.yahoo.com/rtrs/20070920/tts-uk-soccer-england-mourinho-fapl-bfb92cd_6.html

All this noise about coins and no coins. I remember in the 70s to mid 80s, People used to spray only 10 kobos and 50kobo notes in "Owambe" parties and nobody was ashamed then. Today, even in the UK, people can't afford to spray £1 coins in "Owambe" parties, they could only afford $1 notes. People should stop all the sentimental talk and face the real thing. I still maintain my stand for this policy and time will tell if it's a right step or not.

The man Harold Smith is not new in Nigerian history. He is one of the architects of colonial foundation that midwife Nigerian independence in 1960.

I met him in a meeting three weeks ago where he opened up a bit about the lingering problem in Africa especially; Nigeria unbalanced protracted social political situations. We asked if he could make this known to the media. His response was “I am in my 80s now; I have agreed but in the past ‘they’ did not want me to say anything, but now I don’t want to go to my grave without telling the truth about the atrocities perpetrated in Africa by the colonialists.


Brothers and sisters; on Ben TV last Thursday, Harold Smith was on a program to reveal what went behind the scene before the independence. The Oxford University graduate had this to say about his role in Nigeria pre and after independence era.


‘Our agenda was to completely exploit Africa. Nigeria was my duty post. When we assessed Nigeria, this was what we found in the southern region; strength, intelligence, determination to succeed, well established history, complex but focused life style, great hope and aspirations… the East is good in business and technology, the west is good in administration and commerce, law and medicine, but it was a pity we planned our agenda to give power “at all cost” to the northerner. They seemed to be submissive and stupid of a kind. Our mission was accomplished by destroying the opposition at all fronts. The west led in the fight for the independence, and was punished for asking for freedom. They will not rule Nigeria!


Harold Smith confessed that the Census results were announced before they were counted. Despite seeing vast land with no human but cattle in the north, we still gave the north 55 million instead of 32 Million. This was to be used to maintain their majority votes and future power bid. He stated that the West without Lagos was the most populous in Nigeria at that time but we ignored that. The north was seriously encouraged to go into the military. According to him, they believe that the south may attend western education, but future leaders will always come from military background. Their traditional rulers were to be made influential and super human. The northerners were given accelerated promotions both in the military and civil service to justify their superiority over the south. Everything was to work against the south. We truncated their good plan for their future. “I was very sorry for the A.G; it was a great party too much for African standard. We planned to destroy Awolowo and Azikwe well, the west and the east and sowed a seed of discord among them”. We tricked Azikwe into accepting to be president having known that Balewa will be the main man with power. Awolowo has to go to jail to cripple his genius plans for a greater Nigeria.

However, Harold Smith justified the British agenda of colonialism in Nigeria, which he believed was originally to help build Africa after the ruins of slave trade, but lamented that the British only looked after themselves and not after Nigerian interest. The British really let Nigeria down. When I see Nigerian been accused of fraud and from what I saw on the streets of Lagos; the British were worst fraudsters.

Looking at the northern leaders now he said, “If they have any agenda in Nigeria at all, sadly it is only for the north, and nothing for Nigeria. He stated that the British look after the British people and this is so all over the world. He said the time has come now to see people of intelligent minds with an open and inclusive agenda for all Nigerians in power…people who will really look after Nigerians large population…but ”I still curiously and sorrowfully see now that the British has not let go of Nigeria…her wealth,. her potentials, her future. He opined that the Caucasian people now assert themselves as the keeper of the “New Age” keys. He therefore said that it is only logical for Europeans to maintain their position of power, scientific superiority, economic exploitation, they must continue to perpetuate their lies and falsehoods and this is the most unkindest cut of all in relation to Nigeria situation!

According to him, Nigeria, a great nation was crippled not because of military juntas or corrupt leaders alone but by the British and American fear of Nigeria great future. He confessed, “The fear of the place that will be our ‘dumping ground’ really occupied our minds”.


Some of the things he said were not new to Nigerians or to the whole world but hearing it from the horse’s mouth is quite revealing and established more reality zones. He finally submitted that the colonial masters have caused havoc while they were in Africa, and planted timed bombs when they finally left. What we see since independence, the administration of new internal colonial masters by fellow Nigerians holding sway in power is doing more damage to Nigeria. Instead of detonating the time bombs planted by the British, the north is planting mines.


He added that ‘It was my duty to carry out all of the above and I was loyal to my country. Nigerians should try to be loyal to their country leaders and followers alike. Love your country. You have got the potentials to be great again and the whole world knows this’.


I am sorry for the above evil done to Nigeria. I can’t say sorry enough……"


My people, this is a great "expo" what do you think

Quote @Seun
Please amidst all this economics terms, please can someone explain in layman's language the advantages of this re-denomination.
The advantages of the naira re-denomination include:
(1) widespread confusion making corruption easier. (2) exorbitant costs of compliance. (4) CBN in the news again!!

Na waa o! Seun is so angry that he even forgot that what follows 2 is 3 and not 4 Omo boy take am easy o!

swiftycool:
This currency change will actually better reveal (not change) the true poverty stricken conditions in Nigeria in the League of Nations.
What I mean is if the average Nigerian graduate earns about N4800, a year when compared to other nations outside, take the Uk for instance where the currency will still be much stronger than ours. Minimum wage earners earn as much as E18,000 (pounds not Euro) a year, while Graduates do a lot better than that.

Mr. Swiftcool, could please confirm your source of the above highlighted information please?  

Anointed:
It's obvious that a lot of people stop at reading the headlines and then go ahead to criticize. The fact that we have spent a large amount of money on changing the naira notes does not mean we can't implement a decent policy. I've always said it that the economy is too cash - sensitive. I worked as a teller in a bank for a year where people come in to withdraw 1 million naira in cash. People need so much cash on them for simple transactions. that's why ist's impossible for us to use coins. No vending machines, no phone booths, no one naira candies. all we know is "3 for 5 naira"

The logic is simple. Come 1 aug 2008, #500 becomes #5. Therefore whatever was #500 e.g recharge card becomes #5. and for those of you who think the coins cannot work in our economy, think again. whatever was #5 e.g pure water will become 5kobo which is a coin.

Nigerians, embrace this. The value of our naira is becoming ridiculous. Those collectors of #20 (e.g agberos) will have to look for another profession unless they love coins because 20naira will become 20kobo unless you're generous enough to let them have a whole naira note.

the policy is not devaluation or revaluation. it's redenomination. read it up in economic text books before criticizing it dear Nairaland users. It's a good policy. if it does not work, it's not Soludo's fault. It's your fault.

The exchange rate is also the same thing. it also makes for easier and more sensible camparison. think of our banks declaring billions of naira in profit and what it translates to in dollars.

May your "oil" never run dry.

KnowAll:
i can remember when N20.00 naira notes where introduced just after the death of Muritala, my father's driver salary at the time was N40.00 naira a month. When he was given 2 notes as his salary, he declined d offer, telling my father, oga i beg give me N1.00 notes, he could not understand the concept, so i fear for the illetrates in nija.

Sir I know you are "Mr. know all"  , but be assured that the level of illiteracy at time was not the same now. Many of the so-called traders now are more educated than those then. Tell me, how many Hausas trading in Forex are graduates Some of them despite this can teach some of us about Forex trading very well, despite our "big" degrees, or would Forex trading not involve maths?( May be arithmentic).  

That many unemployed graduates are doing buying and selling in Naija, even though some "paid" to get their degrees, but they still can divide 100 by 10. No be so

Mariory:
There is no reason for traders to be confused as long as the CBN embarks a proper enlightenment campaigns. The Naira will not be freed till August next year. That's plenty of time to inform the general public.

"Told" them jare, my brother. Nigerians panic a lot over nothing creating a mountain out of no hill. Me I am waiting eagerly o! Thank God CBN would not need to consult some people on this forum to make decision.  

denex:
This policy is bad O! May 1st 2008, let's massively protest against it O! I have told you people my own.

We are an export based country. A weak currency supports export. That is why China has refused to let it's Yuan rise against the dollar.


E bad O! E bad well, well!

I think this guy is just delibrately trying to wind people up. This issue is so easy to understand that a pry school pupil who can divide 100 by 10 will understand it. Abi na lie Denex??

Mariory:
It has absolutely nothing to do with "fighting" the US dollar. In this thread, the main argument against this move appears to come from people who are used to changing pounds and dollars into large amounts of Naira.

I beg to differ on this, please see my previous posts. I believe the truth is the opposite. I am a strong believer in the future of Nigeria and I pray always on this. I don't care if this action will erode the value of my bank balances both in Naija and where I am now, which I don't really forsee in real terms. What matters to me is Nigeria's lost glory being restored. Can someone tell me we won't benefit economically if Naira becomes an African Union legal tender? Of course there will be more demand for Naira.  Let's not forget that this is NOT about revaluation of naira or devaluation of dollar, but increasing the face value.

Fair enough, this will cause confusion initially, but then haven't we dealt with worse confusion in Naija and come out better? This "confusion" is not a negative one but one that will bring about a better tomorrow in terms of Nigeria's image.

The combination of things happening now including the new International Passport  and EFCC etc, will bring more respect to Naija's image and encourage foreign investors. I wonder how people will feel in the coming years when they are no longer harrassed outside the country because they carry a passport issued in Africa.

As far as I am concerned, the people who should be really jittery over this are those of us outside Nigeria and that's if we were not enlightened enough about the grand idea behind this issue. Even Seun doesn't seem to understand. I am really disappointed for the first time.

McKren:
There is no direct economic benefit to the move from the average Nigerian point of view, as a matter of fact for all intents and purposes the move became necessary because the African Union is thinking of having African Central Bank in Nigeria and thus Naira as the common currency. Thus their was need to make the exchange rate of Naira and those of other world recorgnised currencies reasonably comparable.

However if the move sails through and Naira becomes the common legal tender in the African region, it will do us more good in the foreign exchange market as their will be more demand for Naira and thus we will have a stronger currency.

But like some economists rightly pointed out that what improves a Nations's economy is local production and manpower development not the number of zeros in the currency. However I think the CBN under Soludo should be given a chance, when he talked about Bank Consolidation no one liked it cause it was a difficult decision but today we are all happy it happened.

Tell them jare!

The only people that may not support this move would be people who had no idea what life was like in the '80s before the sudden devaluation of currency. I also believe a lot of people on this forum are just over reacting. What is the difference between N25 next year buying something that costs N2,500 now? In real terms nothing has changed. We are talking about the dignity of Naira here and trying to position ourselves as African point of reference when it comes to monetary (or if you like, currency) issues. This is not to increase the real value of Naira, but it's "face value", if you know what I mean? I'm sure if we change the name to Nigerian Pound like in the 70s some people here will start jumping up and down with joy.

I am 10000000000% in support of this. Can anyone on this forum confirm to me that buying a land for £25m in Lekki is worth it? By God's grace I have a landed property there which is strategically located, but then does this make it right to grossly overvalue goods just because they are owned by some "privileged" few? How many people will pay $250,000 for this type of land in the USA? I'm sure now my people's eyes will be open to see how we have been fooled and made to suffer for too long.

Long ago in the 80s, a prophecy came out that Nigeria will become one of the best places to live in the World and that things will be sooo cheap that people living abroad will start returning home.  I as one believe this prophecy 1000% despite situation turning worse for Nigeria then.

As Nigerians, I think we need some mental purge from the attitude of "maintaining the status quo". We are so used to suffering that we are even afraid of trying enjoyment or taking steps towards it. When one is used to darkness, light becomes dreadful. May God help us.

I downloaded Ofege songs and man!!! Listening to them sent me back to the '70s. Huummn!!!! Home sweet home.

desorlah:
January 25th

My birthday mate. Mine is 25th January as well.

omoge:
guessing age is that what you are in here for? what has age got to do with it? okay, na me born you!

don't nuff anything here and come acting like some groundnut seller by the road side, spoiling fun for others. if you don't have anything to contribute go drink kin kin and sleep away the friday my friend. age got nothing to do with it, i have been taking music in School since last year and so interested. i love music of the 60's 70's 80's 90's and 2000's.

ah aah! Omoge, wetin now? The guy just dey joke now haba! Abi you wan fight am before

@Shinor
Thanks jare oga. E be like say we go be age group sort of. Have a good weekend and don't mind Iyalode Omoge.

[/quote][quote author=deezzle link=topic=69155.msg1354185#msg1354185 date=1186150497]i think that was eddy grant

I've checked the list of songs by Eddy Grant, but this is not listed there!!! Eddy Grant is more into reggae I believe.

doyin13:
http://rapidshare.com/files/46734764/04_-_Nobody_Fails.mp3.html

http://rapidshare.com/files/46734765/12_-_Whizzy_Ilabo.mp3.html

These are the OFEGE TRACKS

God bless you my brother!

Who remembers Stella Monye? I think she sang "Oko mi yeee, duro timi o, duro timi o, dojo ale e, 2ice, mase fi mi sile, sowo omo araye, aiye o feni fun rere,  afori eni, kiwo mase gbagbe mi o to ba dara fun e, lojo owuro tabi lojo ale oo!