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ajuwarhodes:
Why sale a gift?

I'm a non drinker.

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Hey!
I have Bottega Diamond and Glenfiddish for sale
Reason : I got it as xmas gift from a client and I'm nondrinker.

Call&WhatsApp on 08057334635.

Location : Iyana Ipaja,Lagos.

OMG!!!!!Goal!!!!

Ok nah 1-1

When you failed to comply

tobimillar:
I don't understand economic jargons

I think we need economic expert here

The trial of the immediate past National Security Adviser, NSA, Sambo Dasuki is set to continue on Monday at the Federal High Court, Abuja.
Justice Adeniyi Ademola had fixed Monday for continuation of hearing after the prosecution counsel added a fresh charge of money laundering to the one on arms possession for which he was initially charged.
Also, at the last hearing, the Nigerian government sought a court decision to allow witnesses presented by the prosecution to wear face mask.
The request was opposed by the defence counsel led by Joseph Daudu who argued that a democratic government needs not conduct secret trials.
However, Mr. Daudu also asked the court to release the travel documents of the accused so that he could travel abroad for medical check-up.
According to him, Mr. Dasuki was billed to travel a day after his arrest for medical treatment; but the arrest and trial had so far prevented him from doing so.
M. S. Labaran, who appeared for the prosecution, requested an adjournment to be able to react to the motion for the release of Mr. Dasuki’s travel documents.
However, PREMIUM TIMES gathered that the Nigerian government will oppose the request and has perfected plans to stop Mr. Dasuki’s efforts to seek medical treatment abroad.
A source familiar with the matter said the government has already gotten a written commitment from the National Hospital in Abuja saying the Hospital has the capacity to treat Mr. Dasuki on the ailment he is claiming he has.
“However how the Doctors arrive at that conclusion is surprising because they have not been able to diagnose him to arrive at their conclusions.
“He was never a patient at the Hospital and they don’t have his medical history,” the source said.
The spokesperson of National Hospital, Tayo Hastrup, said he would respond to a PREMIUM TIMES enquiry on the matter on Monday.
Mr. Dasuki was arrested in August by the State Security Services, shortly after he was removed by President Muhammadu Buhari.
On September 1, the prosecution counsel, Mohammed Diri, told the court that Mr. Dasuki was charged with the unlawful possession of firearms without a licence. The former NSA pleaded not guilty.
The judge granted Mr. Dasuki bail on self-recognition but ordered that his passport and other travel documents be deposited with the deputy court registrar while the case was adjourned to October 26 and 27 for definite hearing.

Source :
http://www.premiumtimesng.com/news/headlines/192513-ex-nsa-dasukis-trial-nigerian-government-seeks-to-stop-overseas-medical-trip.html

I'm yet to decide

The Central Bank of Nigeria has taken a firm stand on the issue of devaluation of naira and this is in tandem with the position of the Federal Government. A divergent opinion between government and the Bank would have resulted in someone losing his job. As a starting point, it is necessary to clarify some concepts. Currency devaluation refers to a deliberate downward adjustment of a country’s currency relative to another currency with the latter being usually a key or reference currency used in international financial markets. Currency depreciation on the other hand, though results in the same downward value adjustment, is caused by the forces of demand and supply rather than use of administrative force by the monetary authorities. This occurs when a country adopts a flexible or floating exchange rate regime.

The monetary authorities of a country cannot deliberately adjust downward the value of the domestic currency without a motive. This is often done under a fixed exchange rate regime on the notion that the domestic currency is overvalued and making its export products unduly expensive. So, the devaluation should serve as an incentive to foreigners to purchase export products and invariably results in capital inflow to strengthen the balance of payment position and consequently improve the foreign reserves cum the value of the domestic currency.Currency depreciation has the same effects as devaluation in that for both cases, exports become cheaper for foreigners and imports become expensive to nationals. If devaluation or depreciation improves exports and consequently capital inflow cum increased reserves, the currency will automatically appreciate under a market determined exchange rate regime but a deliberate revaluation is required under a fixed exchange rate regime. It is noteworthy that people often use both terms interchangeably but economists should not do so.

The above, serving as background to understanding the difference between the two concepts, necessarily provides the impetus for further exploration of the real issues involved in the current case with Nigeria. Since 1986 when the country, like many African countries, adopted the World Bank/IMF Structural Adjustment Programme, popularly called SAP, the exchange rate regime, as part of the package, had shifted from fixed to floating mode. The floating exchange rate regime can be described as clean or dirty depending on whether the central bank allows the market to determine the exchange rate (clean) or intervene in the working of the market through using its foreign reserve to buy and sell foreign currency to manipulate the value of the domestic currency (dirty). Given the imperfections in the market, particularly for developing countries like Nigeria, most countries have to intervene to reduce volatility of the exchange rate. However, the ability to intervene depends on the strength of the foreign reserve which on its own, depends on the receipts largely from exports and payments for imports.



Is the call for the Central Bank of Nigeria to devalue naira hinged on improving demand for Nigeria’s exports? There are indications that contributions of non-oil exports improved in recent times. Notwithstanding, the CBN statistics show that contributions of oil exports to total exports remained over 80 per cent and the current economic crisis could not have brought the country to its knees if truly the non-oil exports have improved. Even then, the prices of oil and non-oil exports are determined outside the control of the country.

For devaluation to stimulate exports and resultant capital inflow, the country must produce goods which it has control on either the output or the price. This is usually linked to manufactured goods. The rebasing of the economic data in 2013 shows that both agriculture and service sectors contributed more significantly to the economy than manufacturing. The manufacturing sector that was growing very fast in the 1970s and early 1980s has seen a downward trend since the late 1980 after the adoption of the SAP. The deregulation of the economy which resulted in massive depreciation of the naira did not help the import-dependent manufacturing sector. The sector remains import-dependent till now. The inability of the sector to grow is responsible for the unemployment we are witnessing today since the manufacturing sector generates more employment than any other sector.

There were arguments that the current value of the naira is discouraging foreign direct investment and making domestic production very expensive. Nigeria is second only to South Africa in FDI to Africa but over 80 per cent goes to the oil sector, not manufacturing. This has been the case for over three decades and cannot change now because of the so-called overvalued naira. There has been a policy of increasing local content of inputs into manufacturing processes since the Third National Development Plan in the 1970s, yet a survey of inputs of manufacturing companies in the country would show that for most of them, over 80 per cent of their inputs are imported. Most manufacturing outfits in South Africa, the second largest economy in Africa and an industrial economy, have achieved over 70 per cent local content thereby reducing use of foreign currency. There is the need for the Manufacturing Association of Nigeria to provide the data for their members.

The whole country has been turned into the world’s retail store such that no building is completed without a shop. There is no encouragement for inventions in the country because there are no structures to promote massive production and commercialisation of such inventions. I watched a television programme recently where inventions by Nigerians won awards at global level. That would not be the first time and in other climes, investors will show interests immediately and promote massive production of the inventions. Our industrialists are more interested in importing materials that can be produced here because it also allows them to engage in illicit funds transfer via over-invoicing of imports.

The major factors affecting the manufacturing sector are not the value of the naira but infrastructural deficiency, particularly electricity and transport, and, of course, high cost of borrowing. We can then add import dependency and the attendant foreign exchange bottleneck as well as importation of finished consumer goods to compete with expensive local products. This last point simply indicates that the government was right in banning some products. The World Bank, IMF and some foreign collaborators have condemned the Federal Government’s stance on the refusal to devalue the naira and ban some products. There is the need to ask them about which export products will benefit from such devaluation. During the 1997 Asian financial crisis, the countries affected had to engage in some regulation of their economies, particularly movement of currency and importation until there were improvements. After their economies stabilised, they dismantled the regulation. As usual, the IMF cried foul but was ignored mainly by Malaysia which was the first to get out of the problem without support from the IMF.

Recently, China devalued its currency and these international financial institutions are condemning her. They opined that it could lead to currency crises around the world. China can afford to devalue because it is an industrialised economy that produces export manufactured goods sold all over the world. Nigeria that has no such power is being encouraged to devalue its currency. What a contradiction?

Since the CBN has adopted floating exchange rate regime, it can support the naira up to the point that it has foreign reserves to do so. As the ability to support declines, the value of naira will depreciate and find its level. The currency can appreciate thereafter if perchance, the international market improves for oil and gas with consequent improved reserves position or domestic production increases with less demand for foreign inputs, elimination of illicit capital transfer, significant mopping up of liquidity in private home through, for instance, swapping colours of N500 and N1000 to reduce speculative attack on naira, as well as fighting corruption to a standstill. Currency appreciation and depreciation are the way to go.

Tella is a Professor of Economics, Department of Economics,

Olabisi Onabanjo University,

Ago-Iwoye

Source : http://punchng.com/2015/11/3108

LouisVanGaal:
he is yet to meet ANY! Confirming the Ministers is just a tip of the iceberg! What of the condition of ekweremmadu's removal As well as the imposition of the parties principal officers headed by Sen. Ahmed Lawan?

I think he has met the primary requirements to be pardoned.

Faithful servant,It's gonna be a positive result.

Appeal court decides Saraki’s CCT trial on Friday

The Abuja Division of the Court of Appeal will on Friday (tomorrow) decide on whether or not to quash the charges of false asset declaration preferred against Senate President Bukola Saraki before the Code of Conduct Tribunal.
The appellate court postponed its earlier ruling two weeks ago without giving any reason for the shift.


Culled from Punchng.com
http://punchng.com/2015/10/2210

Hemanwel:
Abeg allow them to protest jare so that they will let the whole world know that our judicial system has been compromised.Buhari and his APC-led government have hijacked our judiciary,which is the last hope of the common man.

BTW:

Right from the day I saw the APC posting pictures of Buhari and Osinbanjo taking breakfast with sachet Milo,prior to the general elections,I knew Nigeria might have entered "one chance".Now see what's happening.
They attacked Musiliu Obanikoro during his ministerial screening saying he was a thug now they defending a corrupt politician in Rotimi Amaechi.There's absolutely no signicant difference between the past administration and the present.It's all back to the status quo.
I spit on PMB,APC and its supporters!

Oooops!!! So you just wake up from slumber.Our judiciary system has been compromised and adulterated since era of OBJ.

New PDP/APC.......they are association of sins and sinners.

GRACE70:
When will Nigeria change?

When you and I change!

Are you sure that the attire is the same?

kaycid77:
PDP senators really drain this GUY

But the battle is not yet won...Now Buhari's integrity is at stake.

Osagie Ehanire

Buhari’s Edo State ministerial nominee, Osagie Ehanire served as the Edo State Coordinator of Muhammadu Buhari 2015 Campaign Organisation.

Kemi Adeosun

Buhari’s Ogun State ministerial nominee, Mrs. Kemi Adeosun was a senior manager at the Price Waterhouse Coopers, London and member of the Institute of Chartered Accountants, England and Wales. She is popularly referred to as “the Diezani of Ogun State.”

Rotimi Amaechi

Popularly known as the “ATM machine” of the Buhari presidential campaign, Rotimi Amaechi is Buhari’s Rivers State ministerial nominee. His tenure as Governor of Rivers state was characterized with allegations of lawlessness, government waste, corruption and incompetence.

Adebayo Shittu

Buhari’s Oyo State ministerial nominee, Adebayo Shittu was a member of Buhari’s defunct Congress for Progressive Change (CPC). The Oyo State Chapter of the All Progressives Congress (APC) has rejected his nomination calling on President Muhammadu Buhari to revisit his nomination.

Chief Ogbonnaya Onu

Buhari’s Abia State ministerial nominee, the 63 year old Chief Ogbonnaya Onu was the National Chairman of the defunct All Nigeria Peoples Party (ANPP) before it was absorbed into the APC in February 2013.

Babatunde Fashola, SAN

Lagos State ministerial nominee Babatunde Fashola SAN is the competence and performance poster boy of the ruling APC government. He recently made news headlines after a government leak on how as governor, he spent over $400,000 of Lagos State funds in designing his personal website tundefashola.com.

Ahmed Isa Ibeto

Buhari’s ministerial nominee from Niger State, Ahmed Isa Ibeto was the deputy governor of the state under the PDP led government of Babangida Aliyu. He decamped to the APC when he failed to secure the PDP’s gubernatorial ticket.

Aisha Jummai Al-Hassan

Buhari’s ministerial nominee from Taraba State, Mrs. Aisha Jummai Al-Hassan joined the PDP in 2005 and decamped in 2014 to the APC.

Solomon Dalong

Buhari’s Plateau State ministerial nominee Solomon Dalong joined the Prisons Service as a Prison Assistant and rose to the rank of Assistant Inspector of Prisons. Following his training as an attorney, he was moved to the legal department of prisons where he served as Legal Officer II in the prisons headquarters prior to retirement. He was a member of President Buhari’s transition committee.

Emmanuel Ibe Kachikwu

The ministerial nominee from Delta State, Dr. Emmanuel Ibe Kachikwu, is the new Group Managing Director, Nigerian National Petroleum Corporation (NNPC). He is the Odogwu of Onicha Ugbo in Aniocha North LGA Of Delta State.

Hadi Sariki

Hadi Sariki, an ex-pilot, is Buhari’s ministerial nominee from Katsina State. He is a former Senator representing Katsina North Senatorial District under the platform of Buhari’s defunct Congress for Progressive Change (CPC).

Kayode Fayemi

Kayode Fayemi, a former Governor of Ekiti State under the Action Congress of Nigeria (ACN), is Buhari’s ministerial nominee from Ekiti State. He was voted out of office by the people of Ekiti State in 2014 after serving four years as governor of the state.

Amina Mohammed

Kaduna State ministerial nominne, Amina Mohammed previously worked as senior adviser to the President of Nigeria on Millennium Development Goals for six years. Her nomination has been rejected by a Kaduna State based NGO over claims that she is from Gombe State.

Abubakar Malami, SAN

Abubakar Malami SAN is Buhari’s ministerial nominee from Kebbi State. A Buhari loyalist, he was one of those who worked closely to advance the interest of the opposition especially that of President Mohammadu Buhari over the years. He was the Lead Counsel of the Legal Team of Buhari’s defunct Congress for Progressive Change (CPC).

Alhaji Lai Mohammed

Alhaji Lai Mohammed, is Buhari’s Kwara State ministerial nominee and spokesperson of Buhari’s All Progressives Congress (APC). He is the brain behind APC’s fraudulent campaign promises including the “one meal a day” campaign, which Buhari disowned after his election.

Ibrahim Usman Jibril

After several Google searches, as at the time of this report, no concrete information was available on Buhari’s Nassarawa State ministerial nominee Ibrahim Usman Jibril.

In this exclusive documentation, Editor of SIGNAL, Yemi Adebowale takes us through a profile by profile account of President Buhari’s ministerial nominees as unveiled on Tuesday by Senate President Bukola Saraki.

Audu Ogbeh

Buhari’s ministerial nominee from Benue State, Audu Ogbeh was a lecturer at the Ahmadu Bello University (ABU), Zaria in 1972; Deputy Speaker, Benue State House of Assembly, 1979; Federal Minister of Communications in 1982 and National Chairman of the Peoples Democratic Party (PDP) in 2001. The late Dr. Olusola Saraki was in the Senate that screened Audu Ogbeh in 1982 (33 years ago) for a ministerial appointment. Saraki’s son, Bukola will now screen him again for a ministerial appointment as President of the Senate in 2015.

Lt. General Abdulrahman Bello Dambazau (rtd)

Buhari’s ministerial nominee from Kano State, Lt. General Abdulrahman Bello Dambazau (rtd) was the Chief of Army Staff under the late President Umar Musa Yar’ Adua and played a key role in the Turai Yar’ Adua coup d’etat that smuggled the ailing President back into the country from his treatment overseas.

Chris Ngige

In 2003, Chris Ngige emerged governor of Anambra State amid widespread complaints of a massively rigged election. In August 2005, an election Tribunal led by Justice Nabaruma nullified Ngige’s 2003 victory. He appealed to the Nigerian Federal Court of Appeal, but the annulment was confirmed on 15 March 2006, in a judgment awarding victory to Peter Obi of the All Progressives Grand Alliance (APGA). Ngige’s tenure as governor of Anambra State was marred by controversies, one of the most famed of which was the Okija shrine scandal which involved an alleged oath between Ngige and his former political godfather Chris Uba in the shrine.

Sulaiman Husaini Adamu

Buhari’s Jigawa State ministerial nominee, Sulaiman Husaini Adamu is a younger brother to the Acting INEC Boss, Amina Bala Zakari (nee Husaini Adamu). Zakari’s appointment by Buhari has come under fire from Nigeria’s opposition who say the appointment is her reward as a close Buhari family member and her role in compromising the March 28 presidential election in favour of Buhari.

Udoma Udo-Udoma

President Buhari’s alleged N2.1 billion Asokoro-Abuja mansion sits on number 9, Udoma Udo-Udoma Crecsenct named after Buhari’s Akwa-Ibom State ministerial nominee, Udo-Udoma.


Source: http://www.thebreakingtimes.com/saints-or-sinners-21-facts-about-buharis-21-ministerial-nominees/

Chaiiii,our politician no get shame kobo.
"Buhari is as old as my mother who wears pampers,which means Buhari too is wearing pampers'' -Fayose.

teeowl:
jonathan is working.

nothing is moving

braine:
[color=teal] Hmmm... Wike, the Fayose of South South. I pity Rivers people sha. The way this man would siphon state funds to fund mama Piss and the dying PDP that don't even know how to be in opposition would be alarming. But then, they brought it on themselves. They should just forget about development for the next 4 years. Smh. [/color]

Some basics truth...

Laughing in my dialect. ....

[quote author=Smurfette post=32432807]Let me buy a plot of land here.[/quote

Ahhhhh! !!! Lolz the]

Yeah!!! I got it too.What next pls!!!!

Please send to me also olalekanmosesjoel@yahoo.com