₦airaland Forum

luluosas:
1000b = 1kb
1000kb = 1mb
1000mb = 1gb
1000gb = 1tb and so on and so forth.
So, your 7557633kb is equal to 7.5gb. Enjoy your big data bonus yare!

Guys to convert between kb and mb of your bundle allowee or awuuf use this site

http://www.matisse.net/bitcalc/

Thought I should share.

PS my glosecure is not working!

COMPAQ:
Don't know why there are so many MTN haters. It seems most people propping Glo stay in Lagos. I hear Glo is about the fastest there, but when you are outside Lagos, Glo sucks. The signal keeps breaking every other minute and changing from 3G to EDGE to GPRS like twice a minute. I have tried Glo in Ibadan and PH and I know what I'm talking about. MTN is the most consistent and reliable overall! Was on the verge of trying Etisalat for their new Easyblaze, but now that MTN have responded to offer lower prices, I might as well just stick with MTN. Been clamouring for a 1Gb allowance in the N3k region for a while now as I don't usually use much more than that a month since I browse at work also and MTN has finally answered. Besides MTN is fast enough anyway for watching video. Can't remember the last time i watched youtube or yahoo movie previews and experienced any buffering.

In abuja MTN SUCKS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Infact it sucks do bad, all the rivers around here are dry

Meanwhile GLO rules 100% Their speeds are amazing. used to be a glo basher cos I believe they over hype their abilities. They are silent now and their speed here is relatively OK. I regularly get 2.5Mbps (300KBps). YouTube and co are a breeze. I finish 3GB in less than 2 weeks (I dont download anything like software sef)

dancewith:
You are the one who is missing the point. AMCON took over Bank PHB, Afribank & Spring Bank solely because they refused to negotiate this type of underhand and undervalued deals. AMCON said they have injected huge funds in these nationalized banks to turn their negative shareholders fund to positive and sell them when the right suitor and price comes along.

They have now cleaned out the balance sheet of Intercontinental and others by the same injection of huge taxpayers money. So why are they selling them for peanuts? Amounts barely enough to buy their headoffice buildings? This is the question you are missing. What liquidity have they provided? They have spent N550b to make intercontinental great again and now turned around to sell it for N50b! Does this make sense to you. Would you spend N1m redesigning your car and immediately sell it for N100,000?

Why not ask access to buy both the assets and liabilities of the bank just like was the practice in other takeovers before now e.g STB/Crystal? Or why not ask Access to provide the entire funds to clean out the books then take control?

No matter how you look at it, this deal stinks and must surely have the blessings of those at the corridors of power. I refuse to agree to those that want to pull wools over our eyes

deenee:
The whole merger  process is very valid. There is one point that we are all missing here; what is the current market price of Intercontinental shares now vis-a vis three years ago?

The price that Access will pay for the stake acquired in Intercontinental will be by and large determined by the current market price obtainable, hence if we are to go by this, Intercontinental would be sold for 'peanuts' compared with what what Access has put on the table! I am sure you will all agree that Intercontinental, like most other banks are trading at an all-time low. Also, the stake provided herein by AMCON cannot be converted ‘equity’ as some as suggested herein as it is meant to be a 'provisional investment' meant to create liquidity which has dried up due to the large number of NPLs most of these banks presently have in their books!

This situation is further exacerbated by the fact that a lot of ‘fictitious accounting’ had been going at Intercontinental and apparently, they actually have a negative balance sheet and even negative shareholders’ funds as a result of the mismatch between assets created and liabilities sourced vis-a vis the tenor of the liabilities and the repayment periods for the assets that they have been used to create. Furthermore, AMCON is not a licensed to carry out ‘bank services’ but rather, is a special purpose vehicle created by the government and enacted by law to buy up non-performing loans in banks hereby creating  ‘liquidity’ which is needed in the financial markets now.

So, what AMCON has done is to ensure that Intercontinental is an ‘attractive asset’ to discerning investors. There is no need evidently, to shed some ‘light’ on the technical details of the whole ‘transaction implementation process’ used for the deal because apparently , a lot of people are still trying to get their heads around the  ‘overall concept’

More so, I am appalled to see people comment here, that nationalized banks in the UK are making profit, which profit and where is the evidence to back up this claim? The banks that have been nationalised in the UK (top of the list include RBS and Lloyds TSB) are still making huge losses and there are massive redundancies there!  See link below to support my claim. The funds injected into the deal by AMCON will be repaid by the new owners once there is enough liquidity and the capital adequacy requirements as stipulated by the CBN has be met.

http://www.ft.com/cms/s/0/53bc5744-be68-11e0-ab21-00144feabdc0.html#axzz1aeY89vxe

hyelhira:
I wish u read the merger scheme. Anyway, that ACCESS presentation will still do. Read through and tell me whether there is any mention of repayment. The only money that will be repaid is that 1st N100b injected on August 14, 2009.

My brother, the taxpayers in Nigeria are just being taken for a ride

hyelhira:
It is equity investment otherwise, AMCON does not even need to hold the 15% ab initio. AMCON's means of recouping that investment will be by selling its shares.

Ok. I see, Are you saying that there is no scheduled repayment plan? What happens if after the amortisation period the shares are not worth the principal and envisaged interest?

Just want to educate myself please. We are all learning everyday.

puskin:
I just dey look dis thread since. . . . . d envy got too much and I just went to DSCL in CV some few days back to pick up my own droid device.

The fantastic HTC Desire S

. . . . . . . .So it looks like Im gonna be reading dis thread from page one.

the topic of the thread is misleading.

the presence of christianity in iran and countries like syria,lebanon,palestine and jordan are centuries old.christians are well treated in iran as a minority.

however in the case of this pastor,it has nothing to do with foricing him to accept islam.the pastor was allegedly muslim and iranian before he became christian at the age of 19 years old.iran is not against christians and that has being the policy of the islamic republic by treating minorities with respect.

however there is a recent plot by evengelicals who go to iran to wreck havoc.they first of all confuse young iranians and lay captive for them.they exploit their financial conditions to offer them things like money and even visas to western countries promising them honey and butter.that is the entire issue about this iranian pastor.

it is of more concern to me because iranians are most Shia,like myself.and the tolerance and implimentation of verse 2:256 of the Holy Quran is given more importance and emphasis by the Shia school of thought than the Sunnis do.and worse are the salafists aka wahhabis (a minority among sunnis) who believe "infidels should be killed".LOL

"there is no compulsion in religion" (Holy Quran 2:256)

cryingbaby:
Mr man, go to Adamawa state and see who are the majority there are the Hausa/Fulani but who was their senator grace a yoruba woman, which if she is hausa you in the south can allow hausa to fit in around your region please next time before you post THINK not just post for the seek of posting.

The directive is said to have followed the sensational interview that Mallam Aliyu Tishau, the co-founder of the violent Islamic sect, Boko Haram, granted the Africa Independent Television last Tuesday. In the interview, which was published by THE PUNCH on Wednesday, Tishau had said that many young Nigerians, who went to Mauritania to train and fight, would soon return to the country.

pinkrex:
Please why are you so docile to sentiments than rather probing the topic of discussion?

I have not in anyway backed what was done to her but what we are discussing here is IF IT COULD BE A HOAX!!!


Criticise rationally abeg

pinkrex:
Have you watched the video? perhaps it might be true, i[b]f you watch closely the lady didn't really act like someone been ra.ped even if she was and secondly it seems she got more the bargained for[/b]. And I don't think ABSU's name was mentioned in the video, until proven authentic, do not judge!