nlfpmod:
Consequently, TCN assures the public of its cornmitment to continue to work hard to effectively transport the entire bulk electricity received from the generating companies to distribution load centres nationwide.

Which wan be cornmitment again nah?

Story of my life

emkz:
These are just temporary measures and are bound to fail. The forex market in Nigeria is like a hydra-headed snake. Cut one head; as you face another head, the first head will grow back. Cut the damn neck! In other words, let the CBN address the root of the problem instead of pretending they don't know.

Since last week, dollars injected into the forex market are mopped up.

Who exactly are those mopping up the forex?

What economic activity is tied to the raid of the forex?

Ribadu claims the activities of speculators are responsible for the hike in dollar rates.

My question to Ribadu is: why are the speculators not afraid of the government?

For many years, bank MDs have been accused of buying forex from CBN and the forex goes into the black market through back channels, for example, there are vulturistic abokis sitting in banking halls trying to buy off dollars from customers.

Who regulates those abokis?

If the $10billion the vice president said would come into the system enters, it would be evacuated by the same speculators which would not solve the problem.

My observation is that CBN has lost complete control of the forex market and are being regulated by the BDCs and population instead of CBN being in control. All over the world, forex trading is heavily regulated by governments through central banks.

What I also observed is that the dollars are mopped up by those who don't need them but are keeping them for a profit. Therefore, let CBN take complete control of the forex market through the following measures:

(1) Deregister all unlicensed BDCs. That market is heavily unregulated and until they are faced squarely by the authorities, the practice of the naira dying will not stop.

(2) Stop selling dollars to commercial banks as it is clear that they have failed in meeting their obligations to customers with the dollars. People who approach the banks for PTA/BTA and school fees are directed to the BDCs. Why do BDCs have dollars and banks don't? Even with banks, some people still approach the CBN to transfer their school fees. Infact, it was found that the banks had $5billion in their vaults. How come no one has been punished when these same banks created artificial scarcity to push people to BDCs?

(3) All banks should be compelled to show a statement of how they used the dollars they received from the CBN from the last two years. At least it would give us some ideas of what disappeared through the black market.

(4) CBN needs to carry out a tsunami on the banking industry. Use some bank MDs known for the forex fraud as examples by dismissing them for breaking the law.

(5) Once all these measures are taken, the CBN must protect all forex coming into the country to ensure the problems we currently have are not iterated.

In summary, CBN needs to take drastic measures to regulate the market.

There are other measures that can be taken to get the dollars from those who have stored them. Whether the CBN would have the will is something else. The Nigerian forex market is like those who pirate music.

Kill the black market for forex.

God bless you.

This is the kind of critics we need here abeg, not those lads with pessimistic thoughts upandan.

Nigeria will be great again!!!

kcprince:
How come the app is still working ?

This is another bad move against the naira. Because if i cannot hedge against inflation with usdt any more I will have no choice than to use physical dollar to hedge and I believe others previously hedging with usdt will do same. Now tell me what will eventually happen to the black market rate? Your Guess is as good as mine.

Our leaders don't understand demand and supply, currency

What would you rather suggest they do?

Chicagograduate:
When a bank directors empty customers fund,CBN will sell the bank to another group of thieves who will change the name of the bank to another name
So jaiz bank is form from a name of a former bank that was liquidated.

Okaare Pablo

You're not alone - Michael Jackson

Watin be the name of this font abeg

Beremx:
but these branded books were shared to students in Lagos public schools. Isn't it sheer hypocrisy to condemn a paper used in wrapping a book and accept these books?

God bless my dear,
I remember, during our formative years, a book of this nature was distributed to student, myself included. Books that has a bold inscription and picture of Alhaji Lai Muhammad for governor of Kwara state then, even when we had Alhaji Lawal as the sitting Governor then, and nobody complained.

This is to tell you how sentimental we are as a country-people. If this is acceptable for some weird reasons, I see no reason why a neutral book "wrapped" with a political paper should be a problem.

God bless Nigeria.

Korea Japan 2002 , but I actually watched some matches in France 98 too, but it was in 2002 I understood it was called world Cup.

ddippset:
Ok lemme put it this way, maybe you and your ilks would understand.

Anambra has 2 million voters.

You people expect 200 thousand voters to come out and vote Andy Uba.

Remaining 1.8 million voters right?

So why didn't Soludo and the PDP guy get a total of 1.8 million votes since you expected eveyone to come out?


The point is not whether Uba should have won or not.
The point is also not whether Uba forged that 200k number in his primary because I know he did.

My major grouse here is those expect Andy Bus to have 200k votes in the main election because he got 200k votes in the primaries...

How is that even possible? How? Even all the contestants barely had 200k votes total!

[s]That has got to be the most idiottic logic in the history of mankind[/s].

Okay you win!!!

If you don't understand my point, I surely do understand yours.

May the Lord be your strength man.
Peace!!!

ddippset:
You people are very foolish sha.

About 2 million people across all parties registered in Anambra.

And across the entire state only about 200,000 people voted.


So you people expect that the only 200 thousand people who voted should all be the APC Andy Uba supporters?

How does this even make sense to you old men.
How would it even make sense to an 8 year old?



Let me school you...

If Andy Uba had 200 thousand supporters and only 40 thousand came out to vote; that represents 20 percent.

If the entire Anambra eligible voters were 2 million and only about 200 thousand came out to vote; that represents 10 percent.

So Andy Uba had a good percentage turn out of his supporters. In fact he had the best percentage turn out.


Gosh you people are so senseless!

Please whose fault is it that those 200,000voters that supposedly helped him to win the primary did not see it worthy to come out and vote in the real election?

INEC? Definitely not!!!

Forget about percentage, the figures were not real in the first place.

THEbaddest007:
check out my OND result without carrying any expo inside the examination hall. i just hate expo. it is better for someone to study hard and enter the exam hall with confidence than to chase anything on skirt and enter the exam hall with expo.

next topic would be "my 100L result without any expo.

Insults is allowed but before you insult me, insult yourself first and see if it would pain you. if it does not pain you then you are free to throw your insults but if it pains you then your reward is in heaven.

Abeg, where is it written that the result is attain without expo?

It is well

I'd have been an Architect, glory be to God, I'm an accountant now

?

Manchester united all the way.


Although, I fell in love with football the very fist day I watch a complete 90mins match in 2002, that's Korea-Japan final (Brazil vs Germany). The way Delema dribble past Khan twice, was what solidify the love I had for football. Prior to that time, I hardly sit down for 20mins to watch soccer.

Watching Ball afterwards become my thing, without supporting any team specially, until 4years later, when I watched Man Utd vs Liverpool in FA cup (or Carling, I've forgotten which one, but I'm sure not BPL), the lone goal was scored by Riise and technically spell the end for Alan Smith then.

The way The Red devils play that day moved me, hence my support for them, and I never for once regret it

�� Nigerian my country

Jones4190:
Why Diri cannot be sworn in as Bayelsa state Governor despite supreme court verdict

Results of the Bayelsa guber election.
1. Ogbia LGA:
APC - 58,016 *80.8%*
PDP - 13,763 *19.2%*
2. Yenagoa LGA:
APC - 24,607 *70.3%*
PDP - 19,184 *29.7%*
3. Brass LGA:
APC - 23,831 *69.6%*
PDP - 10,410 *30.4%*
4. Okuma/Opokuma LGA:
APC - 8,934 *36.7%*
PDP - 15,360 *63.2%*
5. Nembe LGA:
APC - 83,041 *99%*
PDP - 874 *1%*
Sagbama LGA:
APC - 7,831 *11.9%*
PDP - 60,399 *88.5%*
7. Southern Ijaw LGA:
APC - 124,803 *96.2%*
PDP - 4,898 *3.8%*
Now ⅔ of 7 LGAs is 7x ⅔ = 4.7
This means the person to be declared winner must score 25% votes in at least 5 LGAs. But from the above results PDP scored 25% in only 4 LGAs. So no one may be sworn in in Bayelsa tomorrow.
INEC will have to conduct fresh elections for Bayelsa.

Why are you like this nah?

Abeg, grow up

This is nice

u

Okoroawusa:
APC was rigged out in that election. If someone told you that it was possible for APC not to have even one house of assembly member in a state that they had ruled for 8 years u will believe?

Like it happened to PDP Kwara State?

orisa37:




Increase VAT to 10percent.

It's a Tax on Revenue. Those who don't earn can't pay no Tax. That's why we call it TPM, Tax Payers Money.

Do you even understand how VAT works?

Well, FYI, VAT liability is cumulatively borne by the final consumer. So it's not a matter of earning income before paying VAT, as every living soul in this country pay the tax

Indeed

crazyABO:
Those were Scottish just trained with Nigerian band

I fear for your life

Blitz4real:
Rip bro
I cannot die for these country,not at all

I'm sure he never bargained nor pray for that either.

Just pray that won't be your portion!
Amen?

GISpro:
If the process was swift some people would have called it a "rubber stamp".

There's no way you can please a bitter negativist.

Continue

Scam everywhere

SFM and CR study pack for sale in Ilorin, or if you get ADVANCED TAXATION, so we can swap for either of the former


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