₦airaland Forum

see reply!

calyto:
If you truly are an insider, you would have known that this your statement is mixed with truth and falsehood.

1.NCC did not say anybody should increase data price;more telcos did because Glo did first.
2.Most telcos buy from wholesalers(like Glo and MainOne) and after dropping data price, they've been at a loss since then.
3.Because they will need to source for forex to buy and pay for almost everything, network quality will suffer if they continue at same price.
4.And if they insist on continuing this same way, they will have no other option than to cut down their staff strength.

Guy, just attach your NCC ID Card to complete the formalities.

Welldone NCC spokesperson. Mtchew!

National Assembly VS CBN

Watch out!

But wait o, how can we amend the National Assembly Act?
We need to amend that ACT sharp sharp for the good of Nigerians.

#ISTANDWITHOBJ!

finalbosss1:
The suspect arrested in connection with the murder of a serving NYSC member, Lawal Kontangora in Kaduna State, confessed that they killed him because of a girl.

Adamu Jibril, 22, who made the confession while speaking with newsmen in Kaduna, said his friend, Aminu Bahago approached him to help him confront a man he suspected to be dating a girl he had interest in.



"He said I should come and accompany him to the guy and I told him I wouldn’t want us to waste time there because I don’t want to be out for long in the night. He went in, carried a gun and a knife and gave me the knife. When we got to the place he showed me the guy from a distance, as we approached the car he knocked on the door of the car as it was locked. The guy then opened the car and Aminu sat in front with him and the guy asked us what we want from him before Aminu started reminding him that he is dating his girl friend, then Aminu drew him out of the car and Aminu told me that I should stab the guy with the knife, I stabbed the guy at the back and after stabbing him, Aminu shot the guy with the gun on his leg."



LIB recalls that Jibrin was arrested on November 2nd by the State Intelligence Bureau (SIB). Six loaded cartridges, two knives, two cutlasses, a double barrel and one Samsung phone was recovered in his room.

The deceased returned to Nigeria after completing his studies in Malaysia, to do the compulsory one year NYSC programme before he was murdered in Malali, Kaduna North Local Government Area, on Monday, October 17.

http://www.jeloser.info/2016/11/photos-nysc-member-lawal-kontagora-was.html

Thanks be to God for answered prayers
Rest on my brother and friend.

https://m.facebook.com/story.php?story_fbid=10210933885451598&id=1487092308

33k
Gold
Bayelsa

I Know that guy,
na HOMO!

please add me up. 07039598465

Only in KENYA

Kenya and sex-related storied

OK, we've seen d comic pixs.
Thanks 4 dat OP


But did you know that

Wetin consign me

See auto theft specialists

But how come they are giving so precise amounts for purchase and sales.

Seems they had a very good minister of info and commerce

As if the economic quagmire is not enof, diabolical networks now rising like NAIrA against Dolla

Dear God, please protect your children o!

NigerianDigits:
hun

jtjohn:
Dress The Way You Should Be Addressed...........

SPACE BOOKERS ASSOCIATION OF NAIRALAND

Mogbe

Which way Naija?

But the pics show only 3 students,

OP, where are the other 81

$2.3bn NNPC funds: CBN bars 9 banks from forex market


The Central Bank of Nigeria on Tuesday wielded the big stick as it barred nine Deposit Money Banks from the nation’s foreign exchange market for failing to remit the sum of $2.334bn belonging to the Nigerian National Petroleum Corporation to the Treasury Single Account.

President Muhammad Buhari had last September ordered all the DMBs in the country to remit all Federal Government funds to the TSA.

The banks are: First Bank of Nigeria Limited ($469m); Diamond Bank Plc ($287m); Sterling Bank Plc ($269m); Skye Bank Plc ($221m); Fidelity Bank ($209m); United Bank for Africa ($530m); Keystone Bank ($139); First City Monument Bank (FCMB) $125m; and Heritage Bank ($85m).


Home Business Business & Economy
BusinessBusiness & EconomyLatest NewsNews
$2.3bn NNPC funds: CBN bars 9 banks from forex market
August 24, 2016



CBN Governor, Mr. Godwin Emefiele


Oyetunji Abioye

The Central Bank of Nigeria on Tuesday wielded the big stick as it barred nine Deposit Money Banks from the nation’s foreign exchange market for failing to remit the sum of $2.334bn belonging to the Nigerian National Petroleum Corporation to the Treasury Single Account.

President Muhammad Buhari had last September ordered all the DMBs in the country to remit all Federal Government funds to the TSA.

The banks are: First Bank of Nigeria Limited ($469m); Diamond Bank Plc ($287m); Sterling Bank Plc ($269m); Skye Bank Plc ($221m); Fidelity Bank ($209m); United Bank for Africa ($530m); Keystone Bank ($139); First City Monument Bank (FCMB) $125m; and Heritage Bank ($85m).



Officials of the CBN officials told our correspondent that the sanction would remain until the DMBs could remit the funds to the CBN.

The officials further said the further disciplinary actions awaited the errant banks after remitting the funds in full to the Federal Government’s coffers.

As of time of filing this report, it was learnt that some bank executives were meeting with the CBN Governor, Mr. Godwin Emefiele, over the development.

However, the Head, Corporate Communications, UBA, Mr. Charles Aigbe, said the bank was not among the banks sanctioned by the CBN.

In a statement issued on Tuesday, Aigbe said, “Our attention has been drawn to report of the ban of UBA from the foreign exchange market by the CBN over the non-remittance of the NNPC/NLNG dollar deposits.

“We wish to state very categorically that UBA has completely remitted all the NNPC/NLNG dollar deposits. We thank all our numerous customers, business partners and other. stakeholders who have reached out to us on account of this report.”

The spokespersons for First Bank, Mr. Babatunde Lasaki, said the lender would issue a statement on the development.

But as of the time of filing this report, he had yet to do so.

Spokesperson for FCMB, Mr. Diran Olojo, in a terse response, said, “We are working with the CBN on an amicable resolution. This is really a function of the dire macroeconomic situation and illiquidity in the FX markets, rather than concealment or wilful non-compliance by banks.”

Spokesperson for Diamond Bank, Mr. Mike Omeife, did not respond to telephone calls and text messages seeking their reaction on the development.

The Skye Bank spokesperson, Mr. Ndumechi Ezurike, could not be reached for comments.

Spokespersons for Fidelity Bank, Sterling Bank and Heritage Bank could not comment immediately.

However, sources in the banks said their managements were working with the CBN to resolve the matter.

It was learnt that Fidelity Bank had been following a payment plan agreed with the CBN on the funds.

Following the President’s directive on the TSA last September, majority of the banks had complied by remitting all the Federal Government funds including that of the NNPC to the TSA.

However, the CBN reportedly fined First Bank, UBA and Skye Bank for failing some billions of naira to the Federal Government coffers in line with the TSA directive.

Further investigations by our correspondent revealed that following the presidential directive on the TSA, most of the DMBs remitted all naira-denominated funds in their possession including that of the NLNG/NNPC to the CBN.

However, the dollar components of the NLNG/NNPC funds in the banking system, estimated at about $5bn, could not be remitted immediately due to scarcity of forex in the country.

However, the banks reached an agreement with the CBN to start remitting the funds on monthly basis.

The monthly payment plan submitted by the banks to the CBN, it was learnt, was being followed by the some banks while other defaulted.

Following the compliance of some of the banks to the payment plan, the dollar component of the NLNG/NNPC funds was reduced to $2.3bn.

The failure of some banks to comply with the payment plans and the dire need for the CBN to shore up the nation’s fast-depleting external reserves, it was learnt, forced the regulator to adopt a measure.

This, findings revealed, forced the CBN to bar the banks from the forex market.

A top bank executive close to the development, who spoke under the condition of anonymity, said, “We need to admit we have a national problem. The NLNG deposit in the banking system was about $5bn. The banks have been paying and what is remaining now is just about $2bn. The banks have submitted a payment plan and they are following it. The banks have the naira equivalent of the outstanding amount. The challenge is that they cannot get dollar to buy to settle the money.”

Some top bankers said the approach the CBN was adopting was capable of compounding the problem.

“This could affect the banks image and their ability to get foreign investors; we need to admit we have a national problem and seek for ways to resolve it,” one of the bankers said.

The NLNG was paying dividends from the investment of the government in the company (NLNG) to the NNPC.

The dividends had accumulated to about $5bn; the

NNPC was investing this dividend payment in a dedicated account as fixed deposits with commercial banks.

It was learnt that when the Federal Government raised the issue that the dividends should have been paid into the Federation Account, the CBN governor invited the CEOs of all the banks that had the funds to Abuja for a reconciliation of the amount in each bank with the records of the CBN/NNPC, and agreed to a repayment time table of the funds with the banks

As of the time the TSA Implementation commenced in September 2015 some of the banks had paid back over 50 per cent of the funds based on the repayment timetable

This repayment by the banks was the bailout of $2.1bn (N414bn) that was shared by the FGN and state governments in July/August 2015.

When the TSA commenced, the banks reported these funds as part of government deposits they had but it was not remitted like other TSA funds because of the remittance timetable that had been agreed with the CBN.

The NNPC invited banks earlier this year to submit a revised repayment plan for the balance of the funds offers.

Source:. http://punchng.com/2-3bn-nnpc-funds-cbn-bars-9-banks-forex-market/

gsley:
U never see girls wey no send all dis tin wey u write infact na u go they beg them make them leave u self.

Different strokes for different folks, 1 gats work unless she be monitoring spirit

This will chase away the girlfriend who believes in monogamy. Maybe she can accept your cheating and girlfriends outside, but a wife always has more value, after all she is in your will for goodness sake. So to tell her that she will endure your cheating, endure with another wife or wives and will be on a sex roster, she will not agree.



"Sauce" : https://www.naij.com/908967-strictly-men-6-best-ways-chase-woman-away-life.html

Your girlfriend can admit that she is not just marrying you but also your family, but she is not signing up to have your mother till death do them part. Especially if she and your mother do not get along, then it is like a death sentence to her because if you all live together, even with the sweetest in-laws, there is bound to be friction. For eg, during a fight, your mother will support you. Or if she refuses to cook for you to punish you small for something you did, your mother will cook for you. No, ‘ko le werk’, she will leave you.

6. I want many wives

This is the ideal deal breaker for the girlfriend who intends to get married. Some women spend months and even years with a man because he is feeding her the ‘we will get married soon’ line only to find out he never wanted to marry her and was just enjoying their time together. So, if you tell your girlfriend straight up that there is no chance in hell you two will get married, she may be in love but she is not stupid and will have no choice but to leave you.

5. When we get married, my mother live with us