₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,331,412 members, 8,450,228 topics. Date: Thursday, 23 July 2026 at 01:07 AM

Toggle theme

Flye's Posts

Nairaland ForumFlye's ProfileFlye's Posts

1 2 3 4 5 6 7 8 ... 28 29 30 31 32 33 34 35 36 (of 40 pages)

PoliticsRe: We’ll Deliver Kano’s Five Million Votes To Buhari — Ganduje by Flye: 8:43am On Jan 06, 2015
Nawah oooooh!! So you mean shekarau will just be a minister for nothing? Common! Man the guy will deliver small vote give PDP.
PoliticsRe: Buhari’s Certificates With Us, Says Army by Flye: 7:28am On Jan 06, 2015
Which one to belief?
We don't have his certificate or it is with us? Nawa for Nigeria, all institutions in Nigeria are in confusion.
PoliticsRe: 'When It Comes To Corruption During My Government, I Was A Saint' — IBB by Flye(op): 7:18am On Jan 06, 2015
Flye:
If this man supports Gej then Nigeria has finished.
Pangea:
grin
Jonathan! see what you have caused ?
I no blame am Sha!
Anyone that sees what is going on now
Will definitely declare the devil a born again grin
CelebritiesRe: D’banj Proposes To Girlfriend by Flye(op): 6:53am On Jan 06, 2015
crazysaint:
Picture is not attatch to this how i i blvithuh
You fit go find one camera to snap them upon the matter now.
BusinessRe: CBN May Further Devalue Naira After Elections by Flye(op): 5:33am On Jan 06, 2015
So whether we vote for Buhari of gej, our currency is doomed already?
BusinessCBN May Further Devalue Naira After Elections by Flye(op): 5:32am On Jan 06, 2015
The Central Bank of Nigeria’s Monetary Policy Committee might be forced to devalue the naira again after the general elections scheduled to hold in February, it was learnt on Monday.

The indication to this effect is coming less than two months after the MPC devalued the currency on November 25 from 155 to 168 to the United States dollar.

Sources said the proposed devaluation was because the currency was already trading at the interbank market below the 160-176 target band set by the CBN.

They said it was necessary to devalue the naira again in order to prevent further pressure on the currency and arrest subsequent depreciation of its value.

It was learnt that the fresh devaluation was meant to be carried out during the next meeting of the MPC, which is scheduled to hold later this month, but it was postponed till after the elections in February for political considerations.

This came just as industry analysts predicted that the naira, which currently sells between 191 and 193 against the dollar at the parallel market, would likely exchange for over 220 soon.

According to experts, the naira has remained under continued pressure owing to the continued fall in the prices of crude oil in the international market and increased demand for the dollar locally.

The development, they said, would lead to a number of economic challenges this year.

“After the elections, the naira will sell above 220 against the dollar at the parallel market. And it is also noteworthy to say that the CBN will devalue the naira again after the February elections. The reason is due to the falling oil prices and the current demand pressure we are witnessing on the dollar,” the Acting President, Association of Bureau de Change Operators, Mr. Aminu Gwadabe, told our correspondent in an interview on Monday.

Some Nigerian and foreign analysts had predicted that the naira would sell for between 195 and 205 at the official market this year.

They equally believe the CBN will devalue the naira again after the elections.

BGL Plc, a Nigeria-based research and investment advisory firm, quoted analysts in its recent 2015 outlook report as saying that the naira would sell around 205 to the dollar at the official market in 2015.

Goldman Sachs had on July 18, 2014 forecast that the naira would trade at N195 to the dollar in 12 months.

The BGL analysts said the sustained demand for the dollar “means that the fundamental foreign exchange weakening pressures will remain and a further reduction in foreign exchange reserves in the next few months is expected, which could trigger further peg adjustments until the fundamental foreign exchange weakening pressure wanes in 6-12 months. However, increased diversification of the economy is expected to trigger stability over time.”

According to the Managing Director, Financial Derivatives Company Limited, Mr. Bismarck Rewane, the parallel market rate is expected to cross N200 as the dollar demand pressure persists.

He explained, “A N200/$ rate is only a 15 per cent adjustment as against 45 per cent devaluation in 2009. Although, projecting the value of the naira is currently clouded by several domestic and exogenous factors, the fair value of the currency is expected to be between N180/$ and N195/$ at the interbank market. The naira adjustment by the CBN is timely and the depreciation of the naira has reduced over time because the official rate is closer to equilibrium.

“A further depreciation of three to five per cent is also expected at the official market. This is due to anticipated impact of the global oil market spiral on external and fiscal buffers, which limits the central bank’s ability to support the naira. In addition, if the US changes its monetary policy stance, there might be a reversal of capital flows and an erosion of some of the external reserves.”

The CBN currently sells dollars to banks and authorised dealers at its twice-weekly regulated foreign exchange market, the Retail Dutch Auction System, for N168. However, the greenback closed at the interbank market at N185 per dollar on Monday.

Also on Monday, the dollar was sold on the streets of Lagos, Abuja and other cities for between N191 and N193. This brings the margin between the official market and parallel market rates to N25.

Going by the analysts’ prediction, if the dollar should sell for N205 at the official market, the margin between this official segment and the parallel market may make the greenback to go for about N230 on the streets.

When contacted, a CBN spokesman, Mr. Abdul Isah, said only the MPC could set the direction for the naira.

According to him, the committee will meet later this month to review the developments in the local and global economic environment and take necessary action.

He said there was a need to wait for the committee to hold its meeting before speculating on the fate of the naira.

http://www.punchng.com/business/business-economy/cbn-may-further-devalue-naira-after-elections/
PoliticsRe: Picture That Answer The Question Of Who Is Jonathan And Who Is Buhari by Flye: 5:06am On Jan 06, 2015
What is the meaning of the dude that knelt down and steal, kill, lied, preached tribalism and hate.
PoliticsRe: RENO: Under GEJ Soldiers Never Flogged Innocent Nigerians On The Street by Flye: 5:02am On Jan 06, 2015
This man must be silly.
PoliticsRe: New Buhari Supporters..why Didnt You Support Buhari In previous elections by Flye: 4:59am On Jan 06, 2015
When the people we supported has failed us, they have all proved to us that we made a serious mistake by supporting them instead of him.

Are you satisfied with the answer?
PoliticsDickson Sacks Patience Jonathan’s Allies by Flye(op): 4:45am On Jan 06, 2015
Bayelsa State Governor Seriake Dickson has sacked the Commissioner for Local Government Administration, Marie Ebikake, and his Special Adviser on Special Projects, Remmy Kuku.

Ebikake and Kuku, it was learnt, were allegedly fired because of their closeness to the wife of President Goodluck Jonathan, Patience.

There has been no love lost between Dickson and Patience over the latter’s alleged interference in the affairs of the state and plan to hijack the structure of the Peoples Democratic Party from the former.

The sack of the two aides, which is with immediate effect, is contained in a special announcement on Monday by the Chief Press Secretary to the Governor, Daniel Iworiso-Markson.

The governor had in March 2014 sacked seven commissioners in a major cabinet shake-up since his administration came on board in February 2012.

Those affected then were the state Attorney-General and Commissioner for Justice, Francis Egele; the Commissioner for Trade, Investment and Industry, Ayakeme Massa; and the Commissioner for Health, Anapurere Awoli.

Others were Nelson Belief, Tourism Development; Gesiye Isowo, Special Duties (Federal Projects); Parkinson Macmanuel, Science, Technology and Manpower Development; and Sylvanus Abila, Environment.

It will be recalled that it was during that exercise that Ebikake, who has now been removed, was redeployed from the Ministry of Transport to Local Government Administration.

The statement said the governor’s action was in line with his policy of re-organising the machinery of government to deliver on Dickson’s restoration agenda.

It also announced that Dickson had ordered the immediate deployment of the Commissioner for Information and Orientation, Markson Fefegha, as his new Principal Executive Secretary.

The statement thanked Ebikake and Kuku for their services to the state and wished them well in their future endeavours.

Meanwhile, Dickson has approved the depoloyment of the Chief of Staff, Government House, Yenagoa, Didi Walson-Jack, to the Federal Civil Service, after three years of service in his government.

A statement on Monday by Iworiso-Markson said Dickson expressed appreciation to Walson-Jack for her commitment and devotion to duty in the various capacities she served during her secondment.

http://www.punchng.com/news/dickson-sacks-patience-jonathans-allies/
PoliticsRe: 'When It Comes To Corruption During My Government, I Was A Saint' — IBB by Flye(op):
Lucky77:
This is a big blow to GEJ and his followers. Thought IBB was his man!!!
IBB institutionalized corruption and we thought we had seen the worst back in those days.
Now the level of corruption has gone astronomical that IBB can raise his head and heave a sigh of relief that he was saint afterall.
Tooooo baaad.
Pangea:
grin
Jonathan! see what you have caused ?
I no blame am Sha!
Anyone that sees what is going on now
Will definitely declare the devil a born again grin
temitemi1:
The real general is talking n nt does general without certificate grin grin... IBB support GEJ!! GEJ till 2019!!!
If this man supports Gej then Nigeria has finished.
CelebritiesRe: D’banj Proposes To Girlfriend by Flye(op): 4:36am On Jan 06, 2015
Finally the most popular bachelor is about to move on.
CelebritiesD’banj Proposes To Girlfriend by Flye(op): 4:35am On Jan 06, 2015
The founder of DB Records and top entertainer, Dapo Daniel Oyebanjo, popularly known as D’banj seems to have proposed to Adama, his rumoured girlfriend and daughter of billionaire oil magnate, Alhaji Mohammed Indimi.
Adama who had been seen in the company of D’Banj, has been flaunting a diamond ring in new pictures she posted on Instagram, prompting rumors of an engagement. The big question is, has D’Banj proposed to her? Is D’Banj rumoured to have dated Nollywood diva, Genevieve Nnaji in the past ready to settle down?
D’banj is a Nigerian singer-songwriter, harmonica player, and businessman. He has won several music awards, including the awards for Best African Act at the MTV Europe Music Awards 2007, Artist of the Year at the MTV Africa Music Awards 2009, Best International Act: Africa at the BET Awards 2011, and Best-selling African Artist at the 2014 World Music Awards.
He adopted the stage name D’banj, a combination of his first name Dapo and his surname Oyebanjo. D’banj is currently best known internationally for his 2012 summer hit “Oliver Twist”, an uptempo dance fusion of Afrobeat and electronic dance music that topped the African charts 2011 and was a top 10 hit in the UK singles chart in 2012 reaching No. 2 on the UK R&B chart.

http://www.vanguardngr.com/2014/09/dbanj-proposes-girlfriend/
Politics'When It Comes To Corruption During My Government, I Was A Saint' — IBB by Flye(op): 4:10am On Jan 06, 2015
ABUJA— Former Military President, Gen. Ibrahim Babangida (retd), has said that he should be regarded as a saint given the level of corruption that pervades the Nigerian society today.


Babangida also scored himself high in the management of the economy during the eight-year period of his administration, claiming that he actually worked hard to end the menace of corruption rather than promote it.

According to Babangida, those who held contrary opinion about the activities of his regime did so out of ignorance of what he did while in office.
Babangida’s claims are contained in the latest edition of the Economic and Financial Crimes quarterly magazine, Zero Tolerance, a copy of which was obtained by Vanguard in Abuja yesterday.

The former president said he was able to manage the economy and still left surplus in the treasury with a paltry $7 billion oil revenue compared to what is being earned by the government today.

He stated: “Maybe I have to accept that but anybody with a sense of fairness has no option but to call us saints. I give you an example, in a year; I was making less than $7 billion in oil revenue but in the same period there were governments that were making between $200 billion and $300 billion.

“With $7 billion, I did the best I could but with $200 billion there is still a lot to be achieved. I don’t have all the facts but if what I read in the papers is what is currently happening, then I think we were saints.”

Babangida further claimed that he did his best to stabilise the Naira, leaving the exchange rate at N22 to the dollar, saying that the current exchange rate in the country was not his making.
The Naira is exchanging for between N193 and N200 depending on where and when, following the slight devaluation of the Naira in the wake of plummeting oil prices.

$12.4 Gulf War oil windfall
Asked what he did with the $12.4 Gulf War oil windfall, Babangida further said that he used the money wisely on what he described as “regenerative investment,” giving examples with the building of Abuja City and the Lagos Third Mainland Bridge as some of such investments.
He also stated that contrary to insinuations in many quarters, the oil windfall revenue was not stolen as, his administration channelled the money into the provision of critical infrastructure that Nigerians were using today.

He said: “I am not an economist but I have an understanding of what this is. Our argument then was if you have the money then why keep it and be looking at it when you have a lot of things to do that will benefit the ordinary man? So that money was not stolen.

“Let us take Abuja for example. I built it. Today, we have a brand new capital; we used that money. I gave you a Third Mainland bridge, Lagos, which you cannot build today with all the money that Nigeria is making.”

Most investigated ex-president in Nigeria
The former leader, who recently hosted President Goodluck Jonathan in his expansive mansion in Minna, the Niger State capital, said he was not worried over the corruption toga being bandied about him and his administration, claiming that it was a mere perception thing.

He said he remained the most investigated former president in Nigeria but was happy that nothing incriminating had been found against him to justify the claim that his government was corrupt.
According to him, “now, even our fiercest critics give us credit for certain things we did. I have been the most investigated president Nigeria has ever had. By now somebody should have come forward to say here it is. Every government that came after me investigated me because of that perception because they wanted to retrieve the billions that I stole.”

On June 12 election
On why he annulled the June 12 election won by his late friend, Chief M.K.O. Abiola, IBB said he had given the reasons in the past but pointed out that the very people who claimed to support the election were the same who turned round to work with the military junta and made it to perpetuate itself for many years.

He said: “All those who fought for June 12 ended up serving the military government they didn’t like and that perpetuated a longer stay of the military in government.”

http://www.vanguardngr.com/2015/01/corruption-im-saint-ibb/?utm_source=&utm_medium=facebook

PoliticsRe: New European Law May Expose Nigeria’s Corrupt Oil Deals by Flye: 9:07am On Jan 05, 2015
arsetalks:
You statement is contradictory mate.

Oil price won't get to the $100 mark again and the reason is that the demand will now be lower due to America's shale oil.
Yes it may not go back to it original price, but research has shown that america's output is not that much in fact it is less than increase in demand. They just stop buying from Nigeria because they have increased what they buy from Canada, Saudi, Kuwait and Qatar.
Plus the Saudis and co also increased their output , the development that has never happened since the last oil glut b4 OPEC.
PoliticsRe: New European Law May Expose Nigeria’s Corrupt Oil Deals by Flye: 8:39am On Jan 05, 2015
youngice:
Na now wey oil price don fall like old mama bosom
Dem con dey yarn dust
The price fall is due to international politics and it will go back to it original price once the aim has been achieved.
PropertiesRe: The N1,830,000 Door by Flye: 7:46am On Jan 05, 2015
The price can build good bedroom apartment for you.
PoliticsRe: INEC Releases Names Of Candidates For 2015 Presidential Election by Flye: 7:39am On Jan 05, 2015
Samunique:
U mean Gej is the one responsible for unavailability/disappearance of GMB's certificates?
My brother you know the rest, if police can lock national assembly for speaker, block government house for governor, block the street for peaceful protesters, Army claimed that the kidnapped girls has been released, Army claimed they have killed Sekau, Finance minister claimed NNPC money is intact etc then tell me truthfully what the government is not capable to do.
PoliticsRe: INEC Releases Names Of Candidates For 2015 Presidential Election by Flye: 5:18am On Jan 05, 2015
Samunique:
Including the General without a certificate? INEC is joke.
His name is number on the list and we all know he has that certificate, once the man that plays politics with all institution quit office, the certificate will fly out.
PoliticsRe: My Life In Danger… Rev Fr Mbaka Cries Out by Flye:
God will surely protect you, you are truly man of God. Do not be afraid of people who can kill the body but can't kill the soul.


If half of all the men of God(Christian, Muslim and traditional) in Nigeria can say the truth, Nigeria would have been a better place, imagine if all this men of God have been talking like this since day 1 of his administration, the man would have changed and he will have a good legacy to talk about.
PoliticsRe: Videos From Some Pastors Concerning GEJ by Flye: 4:56am On Jan 05, 2015
I will to get Dr Paul Enech of Dunamis gospel centre, his own is even worse because the president was on the sit that day when he hamered his government.
PoliticsRe: Reduce Fuel Price, APC Tells FG by Flye(op): 4:31am On Jan 05, 2015
The price of crude oil in the international market has reduced drastically, why can't we feel it from the local price of PMS, AGO and Kerosene despite the fact that government still partially pays subsidy.
PoliticsReduce Fuel Price, APC Tells FG by Flye(op): 4:27am On Jan 05, 2015
THE All Progressives Congress in Oyo State has demanded from the Federal Government, an immediate reduction in the pump prices of petroleum products in view of the crash of the price of crude oil in the international market.

In a statement in Ibadan on Sunday by its Director of Publicity and Strategy, Olawale Sadare, the APC recalled that President Goodluck Jonathan and his economic team had arrived at N97 per litre of Premium Motor Spirit in 2012 citing skyrocketing prices of crude oil in the global market which necessarily rubbed on high landing cost of imported petroleum products, particularly the PMS, otherwise known as petrol.

Sadare said, “The oil price has fallen by 49 per cent from 2013 prices and Jonathan administration still claimed it spent a whooping N971bn on its voodoo subsidy payment in 2014. Does it mean that Nigeria has been buying refined petroleum products at the same rate from nations with functional refineries despite the crash in crude oil prices? How come Ghana was able to implement a 13 per cent reduction in the prices of same products in its local market?

“As much as we know that the present administration would never be transparent in its economic dealings with the citizenry since it has prioritised promotion of corruption and pursuit of parochial interests, we challenge the President and his economic team to be sincere to Nigerians for once and implement a drastic reduction in the pump prices of petroleum products with a view to alleviating the suffering which the masses currently experience.”

The party, however, lauded the Oyo State governor, Abiola Ajimobi, for what it described as the governor’s rare display of competence, which it said made the economy of the state to remain strong despite the threat posed by persistent slash in the statutory allocations coming from the Federal Government.

“It can only take a tactful, visionary and pro-active mind to face the challenge of drastic dwindling allocations to a state like Oyo with weak Internally Generated Revenue base to keep the machinery of government afloat. With a paltry sum of N2.9b being received by a governor who is responsible for the monthly payment of N4.95b in overhead cost, the task could be more than daunting.

“This the governor does effortlessly in addition to regular maintenance of the environment, security and improvement on social infrastructure without borrowing a dime from anywhere,” the statement added.

http://www.punchng.com/news/reduce-fuel-price-apc-tells-fg-2/
PoliticsPVC: Domkat Bali, Jos Monarch, Others Sue INEC by Flye(op): 4:19am On Jan 05, 2015
A former Minister of Defence, Gen. Domkat Bali; Speaker of the Plateau State House of Assembly, Mr. Titus Alams; the Attorney General of Plateau State; and the Gbong Gwom Jos, Jacob Buba have sued the Independent National Electoral Commission over the recently-concluded permanent voter card registration exercise.

In an originating summons instituted at the Federal High Court in Abuja, the plaintiffs, who also included the chairmen of all the 17 local government areas and foremost traditional rulers in Plateau State, want the court to stop INEC from using the recently updated voter register for the 2015 general elections because it will de-enfranchise many voters in the state.

They want the court not to use the recently-concluded voter registration but to use the national register of voters already compiled and maintained by INEC for each state of the federation and the Federal Capital Territory, which it used for the 2011 general elections.

The plaintiffs, through their counsel, S.G Odey, want the court “to determine whether having regards to section 14 (2) (c) of the Constitution (as amended), Section 12 (1) of the Electoral Act, 2010 (as amended), Article 13 (1) of the African Charter on Human Rights (Ratification and Enforcement) Act, 20104 as well as the principles of Universal Adult Suffrage, guaranteeing a person who is qualified to vote and be voted for at the forth coming general elections or any other general election conducted by INEC, can the defendant set down rules, regulations, guidelines or time table to deprive or having the effect of depriving any person from exercising the right to vote or be voted for.”

They also want the court to determine “whether having regards to sections 9 (5) and (2) of the Electoral Act, 2010, that guarantees continuous registration of voters, can the defendants set down any rules, regulations, guidelines or time table restricting or limiting continuous registration of voters to any given period not later than 60 days before the forthcoming general election or at any general election contrary to the provision of the aforesaid law.

“That having regards to Section 9 (1) and (2) of the Electoral Act, 2010, (as Amended), and having regards to the National Register of Voters compiled and maintained by the defendant for each state of the federation, Federal Capital Territory, Local Governments and Area Councils, whether the defendant is not bound to allow persons whose names are in the said register of voters to vote and be voted for at the forthcoming general election or at any general election.”

The plaintiffs are asking the court “to declare that INEC cannot set down any rules, regulations, guidelines or time table restricting or limiting continuous registration of voters to any given period not later than 60 days before the forth coming general election or at any general election and that the electoral body is bound and mandated by law to allow persons who are qualified and whose names are in the National Register of Voters compiled and maintained by the defendant for each state of the Federation, Federal Capital Territory, Local Governments and Area Councils to vote and be voted for at the forth coming general election or at any general election.”

They also want the court to declare “that the defendant has no power or vires to prevent a registered voter who has not been issued with a permanent voter card from voting at the forth coming general election or any general election.”

In an affidavit in support of the originating summons, sworn to by the Chairman of the Barkin Ladi Local Government Area, the plaintiffs said that INEC knew that it was not ready for the PVC before it embarked on the exercise thus leaving thousands of eligible voters from having their names in the new register.

They therefore want the court to declare the PVC as null and void and to direct INEC to allow persons who are qualified and whose names are in the national register to vote in the 2015 elections.

http://www.punchng.com/news/pvc-domkat-bali-jos-monarch-others-sue-inec/
PoliticsRe: Mark Loses Bid To Secure Automatic Tickets For Senators Despite Gej's Interventi by Flye: 4:15am On Jan 05, 2015
OK oooo, let them keep playing themselves.
Christianity EtcRe: Indecency: Her Experience & Reflections In The Northern part by Flye:
Good article, may God bless your wisdom.
PoliticsRe: 2015: Adeboye Urges Redeemed Members To Collect Voter Cards by Flye: 9:01am On Jan 04, 2015
The man is codedly saying go and vote and don't let them use your voters identity to rig.

1 2 3 4 5 6 7 8 ... 28 29 30 31 32 33 34 35 36 (of 40 pages)