₦airaland Forum

Sage7:
TB- interest is received at the point of debit. FD- interest is received when it is terminated.

TB- tenure must be complete before termination. FD- you can terminate anytime.

TB- interest is slightly higher vice-versa

Nice one. Though the third point might not be entirely true. Tbills rate fluctuate depending on the Government debt financing needs. Tbills rate is now ridiculously low falling as low as 10%, 7% in the last auctions. Some bank's FD rate are far higher than that.

olusogo:
I am unperturbed by the recent development by those who milked Nigeria dried ill-advising, criticising, castigating even raining curses on the PMB in order to waylay him from seeking his constitutional right of seeking re-election. They gather to represent themselves in another form when God Almighty frustrated their plots, he survived coming back to the country after his medical vacation in UK. As a Nigerian, it is undemocratic to prevent someone to vote or being voted for. The news credited to people like Cardinal Olubunmi Okogie, Dele Momodu amongst others calling PMB not to re-contest is not in the interest of Nigeria democracy. We should be able to identify and appreciate genuine people working hard to fix our problems and stop crying with partisan and parochial views.

Let them vote him out come 2019 and vote in thieves. They want magic, they will get it.

SIINXU:
Atheists don't believe that God exists, I do. I just don't subscribe to the "christian" doctrine.

I don't think you are agnostic. You are a theist, Believing there is a God in itself makes you a theist. It doesn't matter whether you do not accept the religion way of describing him. Agnostics DO NOT BELIEVE ANYTHING. They cannot accept that there is God cos there is no sufficient evidence to prove He exists. This same paucity of evidence is also the reason they cannot say for certain that he doesn't exist.

Atheists BELIEVE there is no God.

So there is a difference. People tend to mix it up. Anyway, I am an agnostic.

I can. Not a easy decision but damn it, I can. This life is what you make of it. Not here to impress anyone. A woman that loves me deeply and not cos of my physical beauty or material possessions always takes the ring. It's a code for real men.

GoodGovernance:
A report that talks only about the negatives,is trash.

You mean no positives about this govt?


Can someone swear with his life,to lose ,that there are no overwhelming positives about Buhari govt?


Fuel scarcity in December? How about January to November?

And is that the first time in Nigeria,to suffer fuel scarcity?That for more than 16years we still import fuel,is that what Buhari will fix in 2 years plus?

Can 100% private company,still be using a gov.ng domain?

This is the website of the so called private company:

https://niomco.gov.ng/

8 dead people in a list of over 1400 people,that was compiled in 2015,representing an error rate of 0.6%(less than 1%) and you call that a dead list,when 99.4% are still living!!!!!!!?

Those dead,were they living when the list was compiled,or not?IF JAMB releases exam result today,you do not expect some dead persons?

And what will JAMB do? Release the result as it is and replace the space of the dead later?Or start searching for the dead, before releasing the final list?

2018 will be gloomy for those who are blind and visionless.

But for most of us that can see and with vision,all economic indices point to a more prosperous Nigeria and Nigerians.


I beg close this thread.

SMH

This is one of the most sensible comment I have read in a while on NL.

There was an oil bubble during a regime yet you couldn't save anything. The bubble got bust during another regime yet they recorded a significant upsurge in forex earnings.

There was an amorphous system of importing PMS during a regime leading to inflated invoices and subsidy. The other regime stopped it by allowing only NNPC to bring it in. Refinery (which was planned to be restored come 2019) and Storage problems is what is still making the oil marketers still useful and these problems are structural and takes time to solve. Yet Nigerians will have none of that.

N power actually did employ people than Sure P and the system was more transparent. Yet Nigerians focused on who lost their jobs never taking into consideration the economic climate the country was forced to plunge into based on series of loopholes of previous administrations.

The man even gave a speech emphasizing infrastructural focus and plans yet Nigerians felt the speech was empty. Please is infrastructural decay not one of the major problems of this country? What is our problem really?

How do we measure whether a government is performing well. Is it just by NBS statistics saying our GDP is growing or what? or is it by creating illegal avenues where money is being frittered away thereby boosting money in circulation and General welfare of people with no structured legitimate system of creating wealth?

Didn't plan to type this long story. Sometimes you just get pissed when people take ignorance as a hobby. What a party couldn't achieve in 16 years, you want another to achieve in less than 3 years. It's just crazy

1. Old Age
2. That there might not be another life after this/No Reincarnation
3. Lifetime commitment
4. Financial insecurity

Truth is these things are overrated. We mystify it cos we haven't had our fill of it yet. It's just the mind doing the trick, with the help of curiosity. But as you get older in experience, your priority tend to change somehow. But then, what do I know?

sekxy:
you must be stingy then

dafuq will you be proud to give your gf 15k a year,,if to say it's monthly allowance I will not have problem with it..but heck!!we are talking of yearly allowance..

it should be in hundreds of thousands. .

I'm serious..wait its your money so??

I don't tolerate stingy people around me biko..

Grow up. I have someone I haven't even spent upto that this year and we've been together for five years and counting. She has been with me through thick and thin in the past and I have reciprocated that (in all ramifications). When she didn't have a job and she didn't have any helper I had to be there the best way I could. Cos back then too she did help when I was struggling. Now she works and I work too. We ok in all sense of the word. Yet she doesn't ask for anything coz I tell her all my future goals and all and I know hers too.

I have noticed it's babies that think this way. We all don't have similar cards we are dealt. Some guys are rich, some just aren't. So you saying they should be frittering away the little they have just to prove some meaningless point to you?. It's basic common sense that if a guy has enough, he will spend on who he loves. If he doesn't, you insisting on telling him to sacrifice his future to satisfy you? Grow up dear.

Oil marketers are sabotaging the system. This man means well but I think we Nigerians are a bit impatient. It's good to always form a habit of demanding for facts before making any conclusions.

The oil marketers decided not to supply PMS because they wanted Government to meet three ridiculous demands :

1. Price increase
2. Total deregulation of petroleum products
3. Payment of outstanding subsidy
If Government met these demands, can you imagine the hardship Nigerians will have to endure?
The Fed Government gave their alternative offer which is :
1. Creation of special window for Forex from CBN
2. Presentation of request for payment of outstanding subsidy to National Assembly
3. Creating opportunity for the establishment of modular refineries
4. No return to era of fuel subsidy

Its their adamant stand on Government meeting their demands while rejecting the alternative offer from Government that led to the scarcity.

In the former regime these oil marketers were the ones importing most of these PMS. So it was easy to inflate invoices and all. That's why they wanted full deregulation in the first place in order for them to determine both price and output. That's something like full scale collusive oligopoly they were seeking to achieve. However, this regime had to make NNPC to import 99.9% of the product and sell it to the marketers. Due to limited storage capacity, NNPC can store only 50% of this imports, major oil players store like 30% while the marketers store 15%. Government have been giving them soft landings like creating special windows for sourcing FX at CBN rate etc, yet these guys are still complaining of low profit margin.

Everyone knows Buhari's stance on subsidy before he became president. But that's just because he underestimated the powers of these marketers. He got there and met a flawed structure and as much as he will like to wave a magic wand, these problems takes years to solve. Before this scarcity, this regime was paying around 26 naira per liter and our daily average consumption was around 30 to 35 million liters.

Within a month when this scarcity was about to begin, consumption rose to 80 million liters, simultaneously with demands for increase in subsidy. Stop for a moment and think about this. A country normally consuming averagely 30 to 35 million liters of PMS daily suddenly had its consumption risen to 80 million in less than a month. Doesn't this smell funny to any discerning mind? Now that they have forced the government to pay 40 naira per liter (from 26 litre) and also accepting the new consumption level, it means we will be paying these marketers 3.2 billion (assuming full deregulation) every day. This is more than the monthly allocation of some states. Is that not economic wastage in epic proportion?

Most of the President's pressure on Kachikwu has been based on the actualization of the promised refineries come 2019 in order to rid the system of these corrupt intermediaries holding the country to ransom at will. We are bleeding at all ends economically due to a grossly flawed structure.

It is true that it is this administration's duty to fix it and I also blame them for some wrong economic decisions in the past too. But these were honest mistakes of rookies that were filled with irrational exuberance and passion to repair a broken system.

Some problems have short term solutions, some just don't. These are dilemmas similar to choosing between a rock and a hard place. It is somewhat ridiculous to expect a party to deliver in two and half years what another could not do in sixteen years. That notwithstanding does not mean we should wait that long for them to deliver.

However, when dealing with structural problems, you don't just wave a magic wand. It's comprehensive and systematic steps that gets them solved. Nigerians should be totally sure this administration is not doing the right thing (irrespective of the slow speed of progress) before throwing them into the abyss of condemnation.

#GodblessNigeria

#modified.
It seemed staged....Even if it isn't, having a video of that 'help' looks weird. Did you plan announcing your help on social media in the first place? It's a disturbing trend everywhere now. Give someone something, video them collecting it. It's lame. I won't like you showing my face to the world cos you gave me 5k.

Sturmbannfuhrer:
For a religion that's really concerned about sex, Islam has a warped idea of human sexuality. As in zero idea sef.

What has religion got to do with this? Can't you make a valid point without disparaging other people's sacred beliefs. Professor of human sexuality.

.

wisebolak43:
wat do u mean by study pack standard?every candidate dat fail ican actually fail it.u can't expect ican to pick question directly frm pack.and candidate hav been told to b conversant of emerging issues which may nt b found inside pack

No one ever said they should pick questions DIRECTLY from study pack. It's a professional exam for goodness sake. No one expects that. However, regardless of the manner you set the questions, anyone that reads and understands their study pack and past questions should be able to pass.

They were flooding us with text messages May diet about the need for us to focus only on their study pack and pathfinder yet I didn't really see how that helped. Except you are unserious, you cannot read and understand a BPP or Kaplan study pack (that is revised regularly) and not pass ACCA. 'Candidate should be conversant of emerging issues' because they are now a research organization. If the study pack is lagging with meeting up with modern accounting techniques why not revise it regularly. Why put that burden on students?

Look criticism is critical to progress. If something is wrong with something, pointing it out doesn't mean you are condemning it. It's just what it is. ICAN still has a long way to go before catching up with their international counterparts. It's a simple fact.

ACCA will always beat ICAN hands down when it comes to organization and using good study pack standards to set exam questions. ICAN sets questions like most Nigerian Public Universities do. They will want to prove sophistication at the expense of carrying students along in terms of marking scheme.

This I think is the reason most fail PM. Last diet PM was a bit even worse for me than this one. Though I made a mistake answering more than the required questions in a particular section. It was later after the exam I realized. Don't know how grave the penalty will be though.

Young man you will not fade off. You shall live to fulfill destiny. I infer you are facing a life threatening sickness or something but please you need to live in the moment. Surround yourself with loved ones. People that will make you happy. Stay strong. Your generation needs you.

.

''dashed our client his middle name". Hmmmm. A law firm using such an informal word (dashed) to file a legal document. Interesting times.....

Mukah1234:
please what are your reasons?

FR and PSAF are similar. You will be taught international accounting and reporting standards in FR while PSAF teaches you Nigerian public sector accounting. Most of the principles are the same.

Meanwhile, almost all the theories in Strategy section of PM is still been taught in MGE. So it's like reading MGE alone can make you want to skip reading the Strategy part of PM or just revise it instead.

ODVanguard:
Guy, you sound naive, I'm sorry. The last time a referendum took place in Nigeria was under the regional system, in 1963 to be precise, when the Mid-West decided to split from the then Western Region via a referendum. That '63 constitution made provision for and allowed for that referendum to hold. The current constitution does not (by design), and the real owners of Nigeria will not allow its insertion. It's not by mistake that ever since military incursion into Nigerian politics, similar acts in the form of state or local government creation were exclusively carried out by the military and by fiat, and not once has such been achieved under any civilian government since the collapse of the 1st republic -- because the real owners of Nigeria prefer a system that determines the distribution of federal revenue allocations based on population (which favours them & always works to their advantage) as opposed to resource control.

In other words, since the introduction of a unitary system and the current constitution by the military (in cohorts with the real owners of Nigeria) the Northern establishment has seen to it that the collective aspirations of Southerners (and to an extent, the Middlebelt) for a more equitable and truly federal system can hardly come to fruition. You must get their consent (which won't happen coz they know they have the numbers and will always use it to their advantage to thwart any move that they deem to be against their parasitic interests, be it resource control or what have you) to make any meaningful change to the current constitution imposed on us by the military.

- You can't have state creation without their expressed consent

- You can't create new local governments without their consent (if your state assembly creates it, they won't allow it to be funded)

- You can't generate and distribute electricity without their consent

e.t.c.

Our Southern politicians representing us at the National Assembly have largely been compromised. And frankly, they still wouldn't succeed even if they moved (in unison) and attempt to address some of these issues coz they simply lack the numbers to push it through without the support of their Northern counterparts.

You would have still driven home your point without having to sound offensive. Some arguments are just not worth it after all....Good luck with your non naive opinion.

ODVanguard:
The Yakassai fella seems to have an axe to grind with Yorubas for being at the forefront of the restructuring agitation as the evidence below shows:

https://www.vanguardngr.com/2017/07/restructuring-southwest-troubled-nigeria-since-1953-yakasai/

https://www.vanguardngr.com/2016/10/restructuring-nigeria-yoruba-agenda-yakasai/

I took my time to listen to the man's position. Though filled with disguised self interest and bias, he made some valid points. First, some set of people cannot in any way decide the course of the Yoruba Nation. Who chose these guys to decide what Yoruba wants? This is how aristocracy starts. I am first a Yoruba before a Nigerian, yet I extremely believe in the strength of diversity. History has proved that to be the most potent tool of progress in other climes. However since other ethnic groups are not buying the marriage, I understand the urgency for everyone to claim what they can. But approach and motive matters a lot so it doesn't end up being a case of pouring old wines in new bottles.

Secondly, Yakasai asserted for a National Referendum to be embedded in our Constitution before such advocacy can be valid in the first place. That makes sense. We cannot thrive in disorder when we still have a social contract. The Constitution is what makes us a country in the first place. Any modifications to that should be done from the source for it to be valid. So let all these warring factions come together and put pressure on the National Assembly to input the clause in CLEARLY defined terms. Honestly, it beats me how we got to this point as a nation where we only filter news with our sentimental ears.

bigass123:
Explain what you mean by multiplier effect on the economy
The fear before now has been that the frequent intervention by the CBN will affect our external reserves but so far, so good that school of thought has been proven wrong. So that to me means the CBN are up with their game.
Secondly, it's a good thing Nigerians are getting more enlightened, the banks will be on their toes to create better investment packages. Before now banks have access to easy money, they were not been innovative enough.
So, generally I feel this is a good development for the country..banks must create better investment offers and be able to woo investors. There must be competition for development to occur.

It wasn't necessarily a 'school of thought'. It's like common sense in economic theory. And it's still common sense that our reserves increasing/decreasing in a decreasing rate is due to substantial increases in oil prices. Hence the ability of CBN to intervene in the first place. As regards banks bringing better investment packages, you need to understand that Banks rates is positively correlated with the Monetary Policy rate. CBN keeps sustaining the MPR at a high rate yet want banks to still increase their own interest expense. CBN is the lender of last resort, they regularly lend banks money and is the MPR they use as the interest rate. If MPR is low, Banks interest cost will follow suit, thus enabling them to increase their rates on Term deposits.

And lastly the Banking sector is the core steering CBN uses in achieving their targets and goals especially as regards price stability. The attractiveness of Tbills rates encourages economic leakage. Funds are being mopped out en masse to non productive uses from the people to Government. This causes a contractive effect on the economy, reduces money in circulation, demand for money and drives interest rates up. Whichever way you look at it, Banks still play a huge role in the financial stability of any economy. Government competing with banks isn't a good precedence and has harmful effects on the economy in the long run.

optimusmind:
We've checked since

Ok...never knew. Just got a late text yesterday....

Results are out

Problem with the world is a lot of moral junks tying people down from illumination. Humanity is overrated. Some ladies do think seeing a doting guy that can abstain from sex till marriage, send beautiful love text messages, calls every time with the regular 'I love you' reminders everyday is the ideal man. Most learn the truth with time though. A man can be all these things and be a terrible husband over time. While the man that drinks, checks up on you but not regularly and also have some few imperfections can be the best husband. Life is complicated. Nothing is black or white. Some things are shades of Grey. What any woman should be sure a man has before entering marriage or serious relationship is EMOTIONAL INTELLIGENCE AND RESPECT. It is extremely important. Does he respect you enough? When he makes mistakes does he evaluate himself? , does he take corrections? , is there a STRUGGLE to be a better person everyday?... etc. These are key things that keep marriages. Not just 'love'. Sex before marriage is a controversial issue but take this as a general rule 'men are dignified animals'. The power their hormones have over their mind is enormous. That doesn't make them less human. It just means men and women are differently structured by nature. Men have urges and the degree varies with each man. What is key for a woman to determine is which of them is a worthy 'animal' to spend eternity with. Never open your laps to a man you aren't SURE has long term plans for you. And never take advantage of his commitment to you by constantly playing down the importance of his urges especially once you have seen that his tetestorone is on the high side. You might lose him and that doesn't mean he doesn't love you. He is just being a man. You can see a man that abstain from sex till marriage and after marriage is a terrible husband in all ramifications. While another that tells you he cannot abstain stays faithful after having sex with you. Like i said, life is complicated. Don't think one book or religion will teach you how to keep a home. What is key is your understanding of your partner. I had to pen this down for those matured ones that haven't understood it yet. This isn't half a word so I guess it should be enough for even the less wise.

NairaSand:
I can see you talking about destiny, very intelligent of you. Small time now you'd get job and go to church to share testimony.

Your fellow intelligent candidates that are posting questions here seem to be so intelligent they forget they agreed to not disclose shell private materials.

Believe me, no matter of preparation/tip can make you one one of Shell recruit unless you're truly one of the best from an insane pool of applicants. Loose that every one is against me mentality and start applying common sense to very simple things.

Don't quote me, quote your ancestors.

Who are these ones acting like they own the place. Are you shell?. What's your business if someone shares any material anywhere. It's really getting weird in here and I don't understand what these folks are sulking about. Inane dudes acting like they can speak English. Grab a seat and wait for whatever letter you deserve. And if you cannot improve the silence, learn to keep your mouth shut. That's an advise you should take seriously.

milliman:
Pls don't flood nairaland with rejection mail, keep it to urself and move on. As for me I put my trust in Allah he will do the best for me and Shell company is the best for me Ya Allah. #breakthroughmailcomingsoon

Who talks like this?

Angeleena:
just,see how anus drillers,occupying my mentions... ur own,plenty,u re an atheist,and also an anus driller...I dunno where to start from..well have said my mind,and am actually at home twerking to WizKid's#daddy yo# Comman beat me..

You should worry more about your ignorance than my beating. It's not everyone that supports gay right that are gay. But then, from all indications your mental faculty is too little to process that effectively.

Angeleena:
lol,I don't know if I should, feel sorry for u...but why on earth,should a man,leave all the fresh bobbies and fleshy ass,for a dry,stiffed, ass??it makes no sense,and so unusual... u just can't,imagine how disgusting, to hear the moan,of two grown men..jeeezz!!! abeg,if the kidnapping go,rearrange the boy brain,no wahala..

What two consenting adults decide to do with their private parts shouldn't be anyone's business. I still don't understand why we don't get it in this country. If I am to x-ray your life, there will be countless things I find disgusting you do, that doesn't mean I will have to kidnap, arrest or kill you for that. I have tried to imagine why anyone will actually feel any sexual attraction to the same gender but that doesn't mean I will condemn what I don't understand. And please don't pull the religion card on me, just know that heaven (if it exists) will be full of surprises.

Zain did a good job putting this up. The video shows that Islam is a religion of peace. Am not a Muslim but I was impressed by the concept. It preaches against extremism and terrorism. Started with a typical suicide bomber trying to do the usual. Was encountered by several scenes of victims countering his beliefs with the true message of Islam. Preaches Islam as a religion of peace, love not hate and extremism. video has gone viral since it's inception with millions of views in YouTube. We need more of things like this in this hate filled and divisive world.


https://www.youtube.com/watch?v=U49nOBFv508

optimusmind:
ABC , JIT, Throughput, back flush are under modern Management techniques.

Standard, budgeting, Marginal and absorption is also very important

.... Hoping they don't shock us with linear programming too (even as 'unexaminable' as most do say it is... ). The way the study pack even covered budgeting is so shallow. Am hoping it doesn't come out.