Yeah you broke it down well for any layman.It is called ask and bid rates in trading .Spread is the margin or gain.quote author=Unity19 post=89462759]
To help you a little bit, in forex market, you have the sell rate and the buy rate. The rate we are talking about here is the sell rate. i.e. the rate at which you will buy $1. Say for example, if you need $100, you will have to pay $100*450=N45,000. Therefore, you will be paying N45,000 to get $100
This is different from a situation where you have $100 and you what to change it to USD. the rate at which it will be changed to Naira will be lower than the rate at which you will buy USD. For example your $100 may be change to at N445/$. Therefore, your $100 will give you 44,500.
The margin (i.e. difference between buy and sell rate) is the profit of the BDCs.[/quote]
Are you conceding now that we dont have a visionary leader leading us?
festacman: Racism is difficult to erase as it is usually put in the minds of people from childhood through racial slurs, stereotyping and prejudices. This engraves enduring sense of race superiority in the mind. It is the same thing with sense of ethnic superiority, which is common here in Nigeria.
However, extreme racism comes from feeling of combination of superiority and benefactory. A son of a millionaire will rarely treat the child of gateman as a mate or equal. The sense of superiority is there. But all that will certainly change if in future the son of gateman achieved success and wealth to operate on the same frequency with the son of the rich man. Respect is earned and sense of superiority disappears.
My point is Nigeria and Nigerians will continue to be rated and viewed poorly by Chinese and other such countries until we elect visionary leaders, install basic infrastructure that are taken for granted in other countries, upgrade our economy, import less and produce more locally and stop dependence on economies such as China for goods, services and developmental loans and grants.
As far as we remain a hopelessly unproductive import-depedent country known largely for a medley of mismanaged oil wealth, corrupt leaders and systems, runaway doctors, good footballers, youth emigration, online frauds, drug trafficking, etc., don't expect to be treated like a giant when you are actually a midget.
So sad to see a supposed enlightened person twisting facts,Tinubu was given the chieftaincy title of Asiwaju of Lagos by Akiolu in 2003.That was five years after Abiola died. Obviously you just started following Tinubu recently. This was a lesser chieftaincy title given to him when he became a senator in 1992. Also I am not sure you are a proper Yoruba man. What the hell,you used crowning for a Chief!!! Only a king gets crowned.
sarrki: The making of an Asiwaju of Lagos！ Sen (Dr) Bola Ahmed Tinubu been crowned the Asiwaju of Lagos by the then Oba of Lagos, Late Oba Adeyinka Oyekan while late Chief Moshood Kashimawo Olawale Abiola and others look on！
Lisaint: I almost break down in tears when I saw this My refrigerator is full. My light won’t go off and I am not worried about food for weeks ahead
Nigeria my country Is the same country where Nepa will off light in the rain This is the same country where People will task theirselves to buy transformer, cables, fuse box in new sites area only for nepa to come and claim its there property afterwards This is the same country where The president will be addressing the nation and the nation will be in darkness This is the same country that industries are pulling out for because of this same Power
Did you think if there's is light People will wanna come out.
Why is it that we can't get power out from federal government hands? Why National Grid?
Why is it that Visionary states like Lagos state can't kick start this process to remove the move Power from Exclusive List to Concurrent List USING THEIR 3 SENATORS?
What's stopping other state from using their senators?
Must this states keep on building IPP for FG?
Yar adua of late memories come with 7 Point Agenda Jonathan come with Transformation Agenda The incumbent is fighting corruption
Can we just have one president that will focus on one
Either Power, Education Security, Constitution, Health instead of packing everything together and end up doing nothing
Its so sad We were shouting vision 2020 Now it's here we are running hanky-panky
Kuginzi: am neither surprised nor worried by their hatred for president Buhari. A cat and rats cannot live in the same place. Too many things divide and draw heavy distinction between president Buhari and his haters. He loves Nigeria, they hate it. He is honest, they are dishonest. He has character, they lack it. He pursues the hereafter, they struggle to get the world in their armpits. He is patriotic, they are greedy & selfish. He serves, they detail and enslave. HE IS DEVOID OF MORAL STAINS, THEY ARE IMMORALITY PERSONIFIED. His past is clean and shinny, their past hunts them. They are thieves. How can they love him?
But when Tinubu closed Radio Continental(built on an illegal acquisition of old LASPOTECH campus)and laid off workers to focus on TVC(a very wise decision) old habits did not die then.
seunmsg: Atiku is a fraud. It’s such a shame that this is the same person they want us to vote in as president. Small economic crisis and he will sack all federal workers. As chairman of National council on privatization, he sold government companies to his fronts and cronies and sacked all existing staff without paying them kobo. Truly, Old habits die hard.
You just wasted your time on people whose mind have been conditioned to politics only. They didn't vote for him and still want to tell him how to run his business. They should ask Buhari the unproductive man to employ them to tend his 200 cattle.
SmartchildTutor: Laughable! You obviously didn't see the part where I advised that you keep politics aside and be objective. So because he's trying to be president, he has become extraordinary. Hmmmm... It may interest you to know that Gotel is into business and has a management team which make structural, operational and related decisions. Every company may come to a point when they'll need to restructure at one time or another. Moreso, with the prevailing economic realities, restructuring is the least unexpected of any company's activity. Many organisation have either cut down their staff strength, many are doing so and many more companies will do the same. It's just a matter of time. About 75% of Access Bank staff are currently facing disengagement. Even those who'll be retained may have to accept a pay cut. That's the same access bank that had 1 billion to spare. So you see... It's not about who wants to president or whatever. It's about reality and the sustainability of business. Like I said before, it's really very sad that people are losing their jobs in the midst of increasing responsibilities. My prayers are with them.
This lesson should be organized for both Sarki and Helinuses. They post all the time with either atrocious spellings or poor syntax. I wonder the kind of school they passed through at formative ages.
Veebliz: Some grammatical mistakes you make and things you say wrong.
Hello, everyone. Before I shoot, I’d like you to read this:
After learning some Spanish and having to correct a lot of English in WhatsApp groups, I’ve discovered that some of us say some things wrong. Some like saying things like “English is not our language”, “Who English epp? (Who does English help?)” “Does it add money to my account?” especially when you correct them. But most of these are said out of ignorance. English is not your language, but why do you use it? English has helped a lot of people, YES! It has. Why else do we use English to teach at school? In fact, more research has been done in English than in any other language, 98% of scientific materials published today are in English, I’m not saying that other languages are inferior, but the truth is that, some people do need to stop being ignorant and face it – English really DOES matter…and YES – it can add money to your account in so many ways; you think about it.
Yeah, I feel like it’s important for me to add this: I’ve come across some Nigerians who speak English as their first tongue; I do as well, so the idea of saying English is not our language doesn’t make any sense at all. I have no problem with anybody speaking any indigenous language.
The English language is not a foreign language to Nigeria, it has mixed with our cultures in a unique way, and therefore has become ours – one of our languages, even though I don’t speak the language of my indigenous tribe, I still have some of their cultural values instilled in me, I cherish and respect them.
Aha! I must not skip this; I've interacted with Brits and Americans on the internet, so I see them make silly mistakes as well, but the ones I've written here are some of the mistakes I see my country people make often. Let’s see some of the grammatical mistakes people make and things they say wrong.
1) The verb – to make;
Of course, you would have definitely seen some people make mistakes with this verb, it’s common to hear people say things like: “This picture makes me TO remember my past.” “Eating all the time will make you TO be fat.” “If you use this medicine, it will make you TO sleep.” I am sure you’ve already spotted the mistake, right? – Yeah, I made it obvious. The verb – to make doesn’t take “to” after it, so the correct thing to say in each sentence above is: “This picture makes me remember my past.” “Eating all the time will make you (be) fat” – in this kind of sentence, it’s more common and therefore more natural to skip the verb – “be”. “If you use this medicine, it will make you sleep.” The only time it’s fine to use “TO” after the verb – to make is when it is in the passive; for example, “I was made TO kneel down yesterday at school.” NOT I was made kneel down yesterday at school.”
2) The verb – to enable;
This verb requires “to” after it, but it is so amusing that some people would leave out “to” using this verb but would use it with the verb “to make”. Here is an example: “This software will enable you TO work on your computer efficiently.” NOT “This software will enable you work on your computer efficiently.”
3) The verb – to allow;
This verb also requires “to” after it. Here is an example: “My parents will not allow me TO go out today.” NOT “My parents will not allow me go out today.”
4) The verb – to reply;
The mistakes made with this verb are pretty common, this verb is intransitive, which means it cannot go with a direct object, therefore, it needs a preposition for it to make sense, and therefore, you reply TO somebody or TO something. NOT reply somebody or something. “Why didn’t you reply my messages?” is WRONG. The correct thing is: “Why didn’t you reply TO my messages?”
5) The idiom – to be about to do something;
Hahahaha , I remember hearing someone say: “I was just about asking same thing.” Well, the correct thing is: “I was just about TO ask you THE same thing.”
6) The noun – stuff;
Yeah! This particular noun is such a pain in the ass for some people, it is uncountable, so, it cannot take an S after it and an indefinite article can’t be used with it either. “Please give me five minutes – I want to get my STUFF” NOT “Please give me five minutes – I want to get my stuffs”. “Where did you get all this stuff?” NOT “Where did you get all these stuffs?” “Where IS all my stuff?” NOT “Where are all my stuffs?” “This is good stuff.” NOT “This is a good stuff.” The only context where stuff can take an S is if it’s used as a verb: “Ade always stuffs himself with so much junk food.”
7) The nouns – slang and jargon;
English is weird, yeah…but it’s not hard. So many people make mistakes with these nouns - These nouns are uncountable – yeah you read it right; UNCOUNTABLE. I remember reading an article sometime ago, it had: “20 slangs you will hear in Nigeria” as its title: If you’ve been reading this article carefully, you will have known what is wrong with the sentence. Numbers can’t be used with uncountable nouns, so the correct thing is: “20 SLANG WORDS/EXPRESSIONS/TERMS you will hear in Nigeria”. Or simply put: “Some slang you will hear in Nigeria.” – So you can use “some” with uncountable nouns and countable nouns as well. “That is internet slang.” NOT “That is an internet slang.” “Too much slang was used in the movie.” NOT “Too many slangs were used in the movie.” “His messages were full of jargon.” NOT “His messages were full of jargons.”
8 ) The noun – information;
I don’t need to explain this, just keep it in mind that it is UNCOUNTABLE. “Thank you for that information.” NOT “Thank you for those informations” “What a wonderful piece of information!” NOT “What a wonderful information!” “I want to share some information with you.” NOT “I want to share you an information.”
9) The noun – advice;
This is uncountable as well: make sure you do not mistake it for the verb: advise. The noun is spelt with a C and the verb with an S. “I need (some) advice from you.” NOT “I need some advices from you.” NOT “I need an advice from you.”
10) All what;
If you’ve been saying this, then you need to STOP saying it! This is WRONG! It should be either: “All (that)” or “All OF what”. “All (that) I’ve been saying is that….” NOT “All what I’ve been saying is that…”
11) The noun – headache;
Just as people make mistakes with uncountable nouns, they also do the same thing with countable nouns – it’s very common to hear “I am having headache”. This sentence is wrong. It should be: “I have a headache.”
12) The noun – news;
This is an uncountable noun. “This is good news!” NOT “This is a good news!”
13) The expression – in the twinkling of an eye;
I’ve heard and seen people say: “In the twinkle of an eye.” – This is wrong of course: it should be: “In the twinkling of an eye.”
14) The famous – “I don’t get”.
Okay, I don’t want to be too annoying because I KNOW that some will get angry reading this article, but guess what? Learning never ends. We are used to saying this, but you should know that the verb – to get in this case is transitive, so it needs an object to sound okay. So I recommend that you start saying: “I don’t get IT.” Saying “I don’t get” has always sounded weird to me, I’ve asked some foreigners just to be sure it's not just me but they said it sounded weird to them as well.
15) The noun – furniture;
I usually see furniture makers put up a sign like “ABC furnitures.” This doesn’t work in English; it’s an uncountable noun, so you already know the drill. “They like playing with furniture.” NOT “They like playing with furnitures.”
I am Nigerian, so I speak more Nigerian English, I don’t hate it, I just like when people make good use of it because I know what it feels like when you murder someone's language. When I was in junior secondary school, I remember saying something wrong in Yoruba while I was playing with my friends, you needed to have seen how three of them were throwing corrections at me. ( There are so many people who care about mistakes – especially in English. These are just a few of the mistakes. I could keep on writing and writing, but I will leave it here. So, I hope this helps your English if you’ve been saying it wrong.
Ermmmm, one last thing before the final full stop: This is for people who can’t do without starting a sentence with or using “Am”; What exactly is wrong? Please stop making this horrible mistake, if you can’t use the contraction: “I’m…” then use: “I am…” It’s not hard work. The pronoun I is just one letter.
Inquire from Sowore that said rubbish in the palace,he was coughing non stop.Also ask Oba of Lagos that disrespected him openly about the mysterious fire in his innermost chamber.
Intel of which the man in the picture(Tinubu) is a major shareholder. I bet you never knew until now!!!
Corporate2020: Atikuchukwu and Sarathief the Mesujamba are in trouble. This Jagaban is a killer. He strips his enemies nakked and rob pepper on their body.
Intels which is the fraudulent company that Atikuchukwu has been using to defraud the country since Atikuchukwu was VP, NPA stripped the company of the fraudulent contract. Sarathief:s houses in Lagos were confiscated by EFCC while Kwara State governor confiscated Sarathief houses in Ilorin.
The small change that the above two looters are using to manage, the Jagaban still organized one one to come and collect 5M out of it. That is POL 301: Suppressing the enemies in Contemporary Politics. As derived from one of the 45 Laws of Power, Crush the Enemy Completely.
Little wonder you are quite knowledgeable in many areas of interest.
naptu2: I'll take a picture of their office in Lekki for you later today. I've been following them since they packaged the 1985 Under 16 tournament. They've been changing continuously since then (one of my relatives was involved in auditing the firm c1994 when they were still on Awolowo Road).
Yeah I recall one of their main promoters Osa Sunny Adun(hope I got the name right),a PR Guru. How on earth did he allow that brilliant media outfit turned a yo-yo stuff like that. They brought us most games of USA 94 world cup live.
naptu2: You'll be shocked to find out that it still exists. They've kind of changed their name to DMS because the government set up an organisation known as Development Bank of Nigeria (DBN).
They seem to appear and disappear because their mode of transmitting and the kind of business they do keeps changing. Once upon a time they were a PR and TV production company (1985-1993), then they began broadcasting with transmitters at Eko Court and studios at their regular office on Awolowo Road, then they moved to Abuja, then they returned to Lagos but moved their studios to Lekki (just a short walk away from me), then they went off air around 2012 when a rainstorm made their mast fall on their building, then they came back on air around 2016 and were rebroadcasting content from Kwese TV, then they moved again in December 2018 and I can now barely get their signals.
She still got the groove in that voice. It was earlier billed for the summer,Covid forced the promoters to move the show till September. Are you interested in going?
Ishilove: The song was on replay when I was going through a breakup. I had to quit it after I realised I spent 10 valuable minutes of life crying.
Does Gwen still have it in her? I hope they will still be able to make it September 3 because no one factored in Covik1-9
DBN on Awolowo road.Was envious of a cousin who interned there around 93/94. What could have killed that brand? Clapperboard around Cadbury in Ikeja comes to my mind too.
Ishilove: Cyndi Lauper was such a fun person. Seriously.
I can't listen to the Commodores without thinking of DBN television. The sweet, carefree days of childhood long gone
Gwen Dickey almost reduced me to tears with her performance of wishing on a star and love dont live here anymore at symphony hall B'ham back then in 2011. They will be back again at the same venue this September 3rd and God willing,I'll be there. I pray Rose Norwalt(her later ego)make it too.Alongside Diana Ross they are forever my crush.
Ishilove: If you are going to through a break up, this song is for you.
Irredeemable lout. I hope the prefix 'Fr' has nothing to do with being a priest .You have probably failed in an attempt to become one,a big disgrace you would have been You dont have the monopoly of pouring invective but I wont descend too low with you.
FrLukas: Will you keep quiet there and go pick up Brighter Grammar and educate yourself.
I thought you are a civil person.Isnt YOU not both singular and plural pronoun?. I used YOU not in particular to you but the millions who voted him unless you will agree he was rigged in. Not a single insult from me but your response came with volleys of abusive words. You have done well.Ciao.
FrLukas: Aren't you just silly? You were there when I was casting my vote for him? Ode
[But yet you voted for him.Isnt that ironic?.quote author=FrLukas post=88852403]The only reason it is so powerful under Buhari is because Buhari is allegedly mentally incapacitated to rule the nation and the rulership has been hijacked by a cabal of relatives to the president.
It is alleged that Buhari has been sorry declining into dementia.
We all saw this during the electioneering campaigns of 2019.[/quote]
Guy Roux the legendary longest serving manager in history was his coach.
kokomilala: @KomonSense, really? Then you don't have an analytical mind. You missed the naked energy and beastly passion that drove West, right from his spell at Auxerre in France with Dick Advocate,I think. It was this passion and ruggedness that earned him places at AC Milan and Inter.At that time ,these two teams were at the top of elite teams in Europe.
Business › Re: Dollar Sells For N445 As Forex Scarcity Persists by GEEBITE: 12:10pm On May 12, 2020
