₦airaland Forum

Adaanna:
Yes not me really but hubby

If it is MTN, I can buy it from you to sub.

560 for 1$ PayPal. Hmmm Bros.

Let them keep extending. Their system isn't ready yet to handle it.

I was at Airtel office today for about an hour and people kept coming because their NIN wouldn't link. They had to refer them to NIN office.

I got mine. It was delivered today.

Mannyautos:
Samsung 42 inches HD LED Smart tv with bluetooth, wifi, cast, internet access.

Price: 45k. (Current Market price of this TV is About 200k)

There's a line on the TV which you may need to fix hence the price.(It works perfectly well though) fixing it will cost about 15k or so if you so wish.

for more pictures and video.

Call or chat on whatsapp: 08037618183

Location : CMD Magodo or Ikorodu whichever is convenient for you.

15k to fix tv screen lines for where? Bros, that TV na scrap.

When an appliance can no longer perform its functions properly, it is scrap regardless of the original purchase price.

It's just business - El Rufai

Impressive

OhBritannia:
If anyone here calls the wheel of Time overrated again.
I swear!!! The mods should place a 5000 years ban on that person.

Like moraine said, this is just the beginning.

When i said this season 1 was just an introduction, you guys didn't believe me.

The last scene of the episode final should make you believe me now.

Please you guys should watch fast, my spirit is gunning for discussion.

It's actually disappointing. They are killing the story. It is so different from the books. I am afraid it is going the way of Sword of Truth series.

So, these people are still operating, and yet they want to resettle us back into our communities. We can’t refuse it, we can only say may Allah bring peace to our land

We need leaders with vision

graphics105:
Finally reached level 2. Took a bit more that a month *wink though. Took 2years and mostly buyer's request but I'm happy. Thanks to this thread

Congratulations!!!

cjscon:
Hello guys please I need I dead or rather advice on how to invest my 500k to a business that will be yeilding daily income,I had in mind of a dry cleaning service or opening a bathing saloon and installing some one there as I can't barb , please new ideas will be appreciated also I need to know how to go about the earlier mentioned ideas

Open a dry cleaning service. Or add to it and start Keke riding. Save well and you will be okay

tbred:
Cepsa 12.5 kg gas cylinder for sale

Condition: used

Price: 20k (slightly negotiable)

200 Liters size drum for sale
Condition: used

Price: 15k (slightly negotiable)

Location: Ibadan

Physical inspection/waybill

Contact: 08023536207 call/WhatsApp

New 12.5kg is 20k.

Barryseal:
Please who else has faced this challenge. I tried withdrawing fiverr funds today via Payoneer Bank withdrawal which I have used since 2017. Usually, when a withdrawal is initiated, you receive an email notification within 5mins which you approve then choose instant withdrawal at $3 or 1$ for a waiting period of 3days. Your funds practically gets to your payoneer within 30mins after your email approval.

Now it appears this system have changed. I got no email notification, no sms prompt nothing! But my fiverr balance is showing transaction success while my payoneer balance has not reflected. It's been hours already and I'm fatigued.

Why go through all this stress to withdraw your own money after an initial wait period of 2weeks? What kind of rubbish is this?

Have you checked under pending transactions in your Payoneer account.

Mannyautos:
Stabimatic PSW inverter (batteries are faulty). 130k

Location: CMD road, Magodo

What's the KVA?

Inception:
What does 'Fiverr's Choice' mean?

I just realized the badge on my profile.

Fiverr approves of your current delivery.

For you, it's means more orders.

Make sure the Fiverr Choice orders gets a 5 star rating for you to qualify for it again. At least that was the prompt that came up when I got the badge and was about to submit an order.

Good work.

ojesymsym:
Thanks for your response. However, Fangpusun BMV-702 is not turning up when searched on aliexpress.

It's on Konga

I am more than a conqueror!!!

Opistorincos:
Good afternoon house. Is there anyone currently using a locally built laptop powerbank? I need reviews

Yes, I have one that I bought from someone I met here on Nairaland. Its 300Wh. I paired it with a solar panel and it lasted the whole day. Nowadays, I use it with an 18W DC fan and it lasts the whole night.

tshabalala:
How do we go about the subscription?

It's among the menus at the top of the screen when you log into Fiverr on a PC or desktop mode on a phone.

tshabalala:
Same here boss

Thanks for replying me. I appreciate it. That means we have to subscribe to seller plus at $30 per month to see our gig performance now.

Guys, for the past couple of days, my fiverr gig impression has been 0 for all my gigs. Am I the only one seeing this? Please let anyone check and let me know.

Thanks

Can anyone recommend a good Text to Speech app to me please?

Thanks.

Keemie:
Were can I get lifepo4 battery

From Mantrim.

0803 063 3202

@ameh99 also seem to have affordable ones but I have not bought from him before

Looks like arbitrage. Hope the people know the risk involve sha if their account is flagged

Sharon6:
Yes, you can so far you'll be the one to pay the escrow charges.

Okay great. I will get a Glo sim within the next couple of days and contact you afterwards

Sharon6:
GLO DATA ONLY!

7gb is 1950
13gb is 2950
21gb is 3950
28gb 5800
42gb 6900
84gb 12500

30 DAYS VALIDITY. My number is on my SIGNATURE!

Can one use escrow for this?

Has anyone here tried Fiverr Seller Plus?

Talkoonnews:
Economic and financial experts have warned the Federal Government that Nigeria risks losing key national assets to China in the event that it defaults in paying back loans obtained from China which is currently put at $3.48bn.

They spoke against the backdrop of the possible takeover of Uganda’s only international airport and other key assets over the East African country’s inability to repay a $207m loan obtained on November 17, 2015 from the Export-Import Bank of China.

The loan has a maturity period of 20 years including a seven-year grace period. According to the deal signed with the Chinese lenders, Uganda will have to surrender its only international airport.

The Uganda Civil Aviation Authority said some provisions of the financing agreement with China exposed the Entebbe International Airport and other Ugandan assets which might be taken over by Chinese lenders upon arbitration in Beijing.

China has reportedly rejected recent pleas by Uganda to renegotiate the toxic clauses of the 2015 loan.

This came as Nigeria’s Minister of Transportation, Rotimi Amaechi, in August 2020 hinted about the possibility of Nigeria forfeiting its assets to China in the event of loan default.

Amaechi reportedly said Nigeria had waived immunity on a loan, which means China could take the country to arbitration in the event of a default.

The minister, however, added that there would be no need for China to claim any infrastructure once Nigeria repaid its loans to the Asian country.

“We must learn to pay our debts and we are paying, and once you are paying, nobody will come and take any of your assets,” Amaechi said.

However, financial analysts hinted about the possibility of Nigeria forfeiting key national assets to China if the country defaulted on its $3.48bn loans.

They also advised the Federal Government to properly review the loan agreements with China to save the country from facing a situation similar to that of Uganda.

The Chief Executive Officer of SD& Capital Management, Idakolo Gbolade, said Nigeria might forfeit certain assets in the event of a loan default.

Asked if Nigeria faced any risks on its China loans, Gbolade said, “Yes, it is very possible. If you remember about a year ago, there was serious concern in the National Assembly on the loans given by the Chinese Exim Bank to us, and I am sure the loan clause also includes forfeiture of national assets.”

The expert, however, expressed confidence that Nigeria was capable of paying back its debt.

An economist and professor of Economics and Public Policy at the University of Uyo, Akpan Ekpo, said the development in Uganda was worrisome and exemplified some of the dangers of borrowing from external sources.

He, therefore, advised the government to ensure that loan agreements with China were properly appraised.

Ekpo said, “It is an issue of concern; that is why in any loan agreement with China, we have to read in between the lines. We have to make sure we really understand their agreements.

“We should make sure that Nigerians are involved in the loan negotiation process. Experts should be carried along so that they can properly understand both the agreement in English and in Chinese.

“If the loans have clauses that may cost us our assets or even our sovereignty – as the debate was earlier in the year – that would be disastrous.

“So they should take experts with them when they go to negotiate the loans they collect from China, not just people from foreign affairs.”

A professor of Economics at the Olabisi Onabanjo University, Ogun State, Sheriffdeen Tella, equally expressed a similar view, stressing that all loan agreements between Nigeria and external sources should be properly studied by experts.

He said, “It could happen to any African country because they are all thinking of borrowing. But I think that since people have kept the conversation alive now, the government will be very careful with loans collected from China.

“There is, however, the need for an assessment of government external debt from different sources now. We have to start looking at it and there is a need to study the documents that contain the agreements of some of these loans to prevent a similar occurrence.

"We need to start asking ‘what are the contents or the conditions of the loans?’ There is also a need for the government to create a means for offsetting such debts.”

The Managing Director of Cowry Asset Management Limited, Johnson Chukwu, said the country should not have a problem paying back the loan if the economy thrived sufficiently.

He said, “An interest of 2.5 per cent is not high. The key challenge is that did we invest the money in productive assets, and are we getting the value for the money? Was the project cost-optimal?

“It is important to note that investment in infrastructure should lead to an expansion in the country’s ability to generate revenue. If the economy thrives, paying back the loan should not be a problem.

“However, if certain reasonable conditions are not met, it may have a catalytic effect on the economy with the country finding it difficult to pay back the loan.”

Although the Federal Government has been mostly secretive about the terms of the agreement of its China loans, the Debt Management Office has made some statements on them in recent times.

In a statement in June, 2020, the DMO said, “The total borrowings from China of $3.121bn as at March 31, 2020, are concessional loans with interest rates of 2.5 per cent per annum, tenor of 20 years and grace period (moratorium) of seven years.”

According to the DMO, the terms are compliant with the provisions of Section 41 (1a) of the Fiscal Responsibility Act, 2007.

In addition, the low interest rate reduces the interest cost to government while the long tenor enables the repayment of the principal sum of the loans over many years.

Eleven projects, ranging from water supply, power generation, railways, airport terminals, communication to agricultural processing are funded by the loans acquired.

The Director-General, DMO, Patience Oniha, had in February said, “So far, let’s be very clear that there has not been any default, whether of local or international debt.”

The earliest of the funding agreements between Nigeria and China was signed in 2010 with an interest rate of 2.5 per cent yearly, a repayment period of about 20 years and a grace period of seven years.

If Nigeria is unable to pay its first debt by 2038, the country may have to lease out any of the Chinese-funded projects in Nigeria to China.

The first loan project was for the Nigerian national public security communication system project with $399.50m agreed on December 20, 2010 and disbursed.

The second loan was for the Nigerian railway modernisation project (Wu- Kaduna section) with $500m agreed on December 20, 2010 and disbursed.

While the third loan was for the Abuja light rail project with $500m agreed on November 7, 2012 and disbursed, the fourth loan was targeted at Nigerian ICT infrastructure backbone project with $100m agreed on January 5, 2013 and disbursed.

The fifth loan was meant for the Nigerian four airport terminals’ expansion project (Abuja, Kano, Lagos and Port Harcourt) with $500m agreed on July 10, 2013 but $455.28m was disbursed, which is 91.06 per cent of the agreed amount.

The sixth loan was for the Nigerian Zungeru hydroelectric power project with $984.32m agreed on September 28, 2013 but only $518.24m was disbursed, which is 52.65 per cent of the agreed amount.

The seventh loan was for the Nigerian 40 parboiled rice processing plants project (Federal Ministry of Agriculture and Rural Development), with $325.67m agreed on April 26, 2016, but nothing was disbursed.

The eighth loan was for the Nigerian railway modernisation project (Lagos – Ibadan section), with $1.27bn agreed on August 18, 2017 but only $759.84m was disbursed, which is 17.50 per cent of the agreed amount.

The ninth loan was targeted at the rehabilitation and upgrading of Abuja-Keffi-Markurdi road project with $460.82m agreed on August 18, 2017 but only $80.64m was disbursed, which is 59.96 per cent of the amount agreed.

The 10th loan was meant for the Nigeria supply of rolling stocks and depot equipment for the Abuja light rail project with $157m agreed on May 29, 2018, but nothing was disbursed.

Lastly, the 11th loan was for the Nigeria greater Abuja water supply project with $381.09m agreed on May 29, 2018, but nothing was disbursed.

In terms of repayments, Nigeria paid $102.68m to China in the first six month of 2021, while it still owes about $3.48bn

Nigeria also paid a total of $102.68m to the Exim Bank of China in the first half of this year.

Nigeria paid an interest fee of $42.54m, which is 73.76 per cent of the principal fee of $57.67m as debt service to the Exim Bank of China in the first three months of 2021.

Alongside commitment charges of $1.98m, Nigeria paid a total of $102.20m.

In the second quarter of 2021, Nigeria paid an interest fee of $306,050, without paying the principal fee, as debt service to the Exim Bank of China in the second three months of 2021

Alongside commitment charges of $170,680, Nigeria paid a total of $476,730 in Q2 2021.

The PUNCH had reported that Nigeria spent $591.11m in five years on servicing the debts owed to the Exim Bank of China.

Nevertheless, Nigeria still owes China $3.48bn as of the end of June 2021.

SOURCE : https://talkoonnews.com/nigeria-risks-losing-assets-to-china-over-348bn-loan-experts-warn-fg

The ninth loan was targeted at the rehabilitation and upgrading of Abuja-Keffi-Markurdi road project with $460.82m agreed on August 18, 2017 but only $80.64m was disbursed, which is 59.96 per cent of the amount agreed


That calculation is wrong. Am not sure how $80.64m is 59.96 percent of $460.82m

I hope this doesn't happen to Nigeria with her current borrowing

Wish you all the best sir. I will remember you in my prayers

oladipuposadeeq:
Uniquewise has some quality ones though might be slightly expensive but there are worth it

Thank you. I will message her

Abeg who can recommend good blender brand for me? The last one I bought is less than a month and already misbehaving.