₦airaland Forum

No matter how they paint him. He is still a hero to others.

To try to write your name in the stars

Shame on APC.

I keep saying this whenever APC make a statement you will think they are competing with the devil.

You know. ...

Imo residents should bear it.

They voted in a attention seeker celebrity

Ilekeh:
You okay? If you're from any of the states mentioned, remain focused and protest like Osun people.




I reserve my comment. Anything that reminds me of Fayose just irritates me.



Lazy boy.....who asked you if your morning was good?

Sis no be so.

If your neighbour house is on fire did you think yours Is safe.

Good morning

Ilekeh:
This man still hasn't paid?

Why are they harsh on Osun when 80% of Nigerian states are owing salaries?

Either way, I'm proud of Osun people for fighting against the government. Now it's time to talk about impeachment.

Wow surprised from you.

Anyway the truth shall set is free

Forget the those anti corruption message he preach. .

Ask your is PMB corruption free.

Welcome to one chance

Destiny can be delayed but can't be denied.

We will reach the promise land one day.

BELIEVE

When that name (IGBO) is mentioned I feel proud to be associated.

Quote me

Bj5all:
I think the whole essence is to discourage saving so that there will be more money in circulation.

Good one

mikolo80:
and I am agreeing with you with a slight modification

You are welcome

http://www.nairausd.com/2015/10/exchange-rate-of-dollar-to-naira14th.html?m=1


Exchange Rate Of Dollar To Naira,14th Wednesday October 2015

Exchange For Euro To Naira,14th Wednesday October 2015


http://www.nairausd.com/?m=1

Exchange Rate for B Pound-Naira, 14th Wednesday October 2015


http://www.nairausd.com/?m=1

Fp op for everyone

veraponpo:
This is a bit tighter but the difference is marginal.


I believe this will make Naira a bit stronger

You can say that again

Cc.lalasticlala

mikolo80:
the same thing. till you contradicted yourself by saying we belittle ourself by running to beg oyinbo ppl for help instead of solving our problems ourselves(my solution)

I am only pointing out fact that we incurred to ourselves based on what the topic

The Central Bank of Nigeria (CBN) strengthened its exchange rate peg slightly to N196.98 against the dollar on the interbank market on Monday, from N197 to a dollar it set last week, traders said.



According to Reuters, the regulator sent a message announcing the adjustment, which is the eighth since the bank introduced tight currency controls in February. The central bank has resisted calls to further devalue the naira in the face of a plunge in vital oil revenues. It devalued the currency last November and later pegged the exchange rate in another de facto devaluation. It had however, resorted to rationing dollar supply by restricting access to hard currency for import of certain items, frustrating businesses.

Vice president Yemi Osibanjo had said Africa's biggest economy will keep the currency restrictions for now to preserve the country's foreign reserves but will eventually relax them.

On the parallel market, the naira closed flat at N224 to the dollar on Monday. The bank has been selling dollars twice a week to the parallel market since July, traders said, citing that the regulator is keen to narrow the spreads in both markets.

Source:http://www.nairausd.com/2015/10/cbn-adjusts-forex-peg-to-n196981.html?m=1

Twitter@nairausd

mikolo80:
most Africans believe corruption or low self esteem is our problem
But those are just symptoms of ignorance/lack of motivation

So what did l typed earlier

mikolo80:
no I'm just going to the root problem
you're Just scratching the surface, the symptoms

How sir

mikolo80:
no Africans belittle themselves by not investing in africa

It seems that you don't get my point

Badgers14:
That's the way it should be, i so much like Ethiopia, the only never colonized country in Africa...

Funny how the other guy on suit looks like he was making sure she was doing it right... and his wife sitting like hey..come over here when you're done...

Ahmadu Bello was licking her toes in a previous thread...smh... Inferiority complex..

True yarn

This purely downgrading

kennyman2000:
This seems to be a nice development

In the long run

AfroKnight:


Trust police. That boy will regret the day he toasted that chic.

Dangerous love.

True talk Bro

truelyt:
my 3k stil dey breath with bank PHB b dat o

Don't give up yet

This is nice but skeptical about WB involvement.

Why can't we do things on our own

Is this a welcome development.

House up to you

The Central Bank of Nigeria (CBN) has banned banks from converting funds in dormant accounts to income. Consequently, the apex bank directed that banks that in the last five years converted such funds to income should reclassify them as deposits. The ban was contained in the Guidelines on the Management of Dormant Accounts and Other Unclaimed funds by banks and other financial institutions in Nigeria, released on Friday by the CBN.



CBN Governor, Mr Godwin Emefiele
The guidelines stated, “Dormant account shall continue to be reflected in the book of banks as deposit liabilities until they are eventually withdrawn by the account holders or disposed of, on their instructions.
“Banks that have, in the last five years, from the date of these guidelines, appropriated credit balances in dormant accounts to income are to reclassify such accounts to deposits not later than six months from the effective date of the guidelines

“Notwithstanding the provisions above, banks shall retain the records of all dormant accounts irrespective of the number of years of dormancy of the accounts, and shall reactivate such accounts upon request by the bona fide account holder or his /her legitimate representatives.”

Defining what can be classified as a dormant account, the guidelines stated, “A bank account shall be classified as dormant if there has been no customer or depositor-initiated transactions in it for one year after the last customer or depositor-initiated transaction.”

The guidelines however stated that bank accounts that have no customer or depositor-initiated transaction for a
period of six months shall be classified as an ‘Inactive Account.

It added that while the owner of an Inactive Account should not be required to provide documentation to reactive the account, the owner of a dormant account must provide satisfactory documentary evidence of account ownership including means of identification and present place of residence, before the dormant account can be reactivated.

The guidelines also stated that when an account becomes dormant or inactive, “the bank shall elevate controls on the account in line with its precautionary policies, which may include surveillance procedures and second level authorisation. On the treatment of dormant accounts, the guidelines stated, “Hence forth, revalidation of inactive/dormant accounts shall not attract any cost to the account holder (as the bank would have made ample use of the idle funds);

“Interest bearing accounts shall retain their interest earnings status during the period of dormancy; Deposit taking financial institutions shall continue to monitor accounts that show tendencies of inactivity and initiate action for the reactivation or protection from wrong usage. Such actions shall include, though not limited, to any of the following: SMS, email, visitation, and/or phone calls. In all cases, the cost of monitoring the accounts and contacting the customers shall be borne by the bank

Source:http://www.nairausd.com/2015/10/cbn-ban-banks-from-converting-dormant.html?m=1

Twitter @nairausd

Exchange Rate for B Pound-Naira, 12th Monday October 2015


http://www.nairausd.com/2015/10/exchange-rate-for-b-pound-naira-12th.html?m=1

Exchange For Euro To Naira,12th Monday October 2015


http://www.nairausd.com/2015/10/exchange-for-euro-to-naira12th-monday.html?m=1

Exchange Rate Of Dollar To Naira,12th Monday October 2015



http://www.nairausd.com/2015/10/exchange-rate-of-dollar-to-naira12th.html?m=1