marvelck:
Imagine a girl after been dumped by a guy, she spent close to like 3 years with (after all the sex they had and the things they must have done together), now presenting herself as a fresh babe/bride to another guy. What else does such a girl has to offer to her new guy or husband when she eventually get married? Imagine after dating and sleeping with several guys, what is left for her future husband? Thats why girls should stop all this jumping around. It doesnt help them but devalue their worth before men....ur body is ur pride. If you use it anyhow today, it would surely come back to haunt you tomorrow. As a girl, you may be young and fine now, but in the next 10 years or so, your body and beauty would have worn out due to obvious reasons. So, stop living a vain life...for your own good.

This is one of the most insane things you'll always see Nigerian men type. Is her body some kind of product that wears out? is she a product? How come the guy who has slept around before marrying has not "depreciated" as well? We need to quit this type of thinking in order to move forward as a society. I really pity men who think like you and wish, for the love of all good things in this world, that our paths will never cross!!

Ezedon:
If the family is treating her right, she won't think of doing such.

See the Nigerian thinking right here... Clearly, you ain't educated enough to know some people are just sociopaths who treatment can't influence.

Princeojua:

Students will want you to favor them with marks to pass, that's another Money. lets say 100 students want you to pass them at 3k each x 100= 300k. that's bonus for just one semester.

are you kidding with this? This is not good.

4Play:


The sad thing is their obliviousness to their profound economic illiteracy. He puts up an article about the ill-fated move by the Egyptian government to fix exchange rates, instead of leaving it to market supply and demand to determine as economists recommend, and proclaims that this illustrates that the Nigerian government is vindicated!

To the contrary, the Egyptians are doing what the Nigerians are doing and are predictably failing. The fact that they have chosen to devalue a bit doesn't refute the fundamental diagnosis - governments cannot simply fix echange rates unless they have sufficient forex reserves to back it up. Nigeria does not have the reserves to fix the Naira at a particular price level so insisting on doing so will cause unnecessary hardship and creates opportunities for corruption via round-tripping. Why is this so difficult for Nigerians to understand?

Seriously? A free-floating exchange rate in Nigeria adjusted by demand and supply when the country hardly produces anything for its own consumption? There is a reason emerging economies don't have a free-floating system. Look into that.

Is this a thing in Nigeria now?

Every other person is...

kYjelly2:


How can trapped currency ever be good

Like "hey potential investors, come invest in Nigeria, but know that your share of the dividends will be trapped with no way to pull out"

Yeah, great pitch

I said it's good for Nigeria since the money can do more work on the country. Of course, it certainly isn't good for for investors.

On the one hand, it must be said that this 199/1usd exists only for the Nigerian government. The greater economy is gradually rebalancing itself for 300-ish/1usd, with the inevitable result of rising prices and rising cost of production.
Even then, further speculation is encouraged since there are now two completely different rates accessible to certain manufacturers who could go the official channel in a bid to cut cost and then the unofficial when cashing in.

On the other hand, by holding its ground the Nigerian government seems to be giving life to a resurgence in the naira value. Currency restrictions could cause manufacturers to find cheaper ways of sourcing for raw materials, some possibly local, giving the Nigerian economy necessary boost. This situation of "trapped naira" is also somewhat good for the country, but maybe not so much for desperate investors for whom Nigeria has always been a dumping ground anyways.

In all however, the strength of this monetary policy will only be reinforced by complement policies in the judiciary, industries and other aspects of Nigerian life. A corrupt country will only become more corrupt in the face of Mr. Buhari's close-fisted reform.

sirthisthickkal:

I hardly do this but i just have to, your post is one of the most awe-inspiring i ever read on this forum and you know what baffles me again? It is actuallly coming from a lady, which is damn rare. I patiently anticipate your subsequent post on future issues of this type
Good evening!

Lol. Thanks a lot. Yours is just as inspiring for me.
However, I hope it isn't the case that you expect less from women

ephi123:


I am so impressed by your analysis. You certainly should have a career in Financial Analysis if you don't already. Nice to see someone being logical and breaking down details that had flown over most people's heads. Thumbs up to you girl. Big thumbs up.

Thanks!

PureWays:
Really!!!! Chauvinistic trappings?
If you don't mind my dear:
In just a sentence, simply state what the women want to achieve with the bill.

What do you want?

That gender equality is still a discussion in Nigeria is overwhelming disappointing. Though it may seem unobvious, the equality of the sexes is one of the bars representative of an advanced, progressive society.

Onegai:


Not just senators, aren't you reading the comments from most of the male children on this thread? Because when you have a right to work and educate yourself and stop your husband from beating you, you become a prostitute or a lesbian immediately.

Like lunatics, they will come and be shouting "women are not equal, we are Africans, shut up!" in Politics section, then open a thread in Family section saying "my father has abandoned his responsibilities and my mum cannot support me and my siblings".

Utterly baffling. I was expecting some male folks to support this. Just wasn't expecting this much overwhelming support. I keep wondering what in the world will make the Nigerian male turn away from these chauvinistic trappings.

Yet another evidence of primitiveness from Nigeria's supposedly esteemed senators. Just when you start to think they are liberated and educated, they turn back to their backward ways which have kept Nigeria in perpetual darkness

Am I the only one who thinks the whole picture looks like a painting?

The reason Nigerian directors can't spend that much is because they don't have a global audience. Piracy can't do that much damage once you are able to hit it big in box office all across the world. That'd require you shooting a good movie to start with. And being a Nigerian is not a limiter. If in doubt, ask Luc Besson.

xtervaganza:
can I give you a hug?

lol. no probs

This move by the Buhari administration is almost a strategic one. You'd recall that the Naira/USD exchange rate took a dive during those troubled periods once Nigerian importers who had made deposits with Chinese firms began to source for dollars to meet their varying commitments. That exchange rate would have seen less pressure, were they sourcing for the Yuan instead, a currency Chinese firms will accept. The trade between Nigeria and China was once recorded at over $11b dollars with, of course, the imbalance being to Nigeria's disfavour. But that's not the point; Nigeria has never really been an exporting country.

Nevertheless, it's obvious there's a lot of trade going on between the two countries. Since you couldn't exchange Naira directly for Yuan, but had to first obtain the USD, the various additional costs incurred during the two-stage transaction ensured Nigerian firms spent more money doing business with Chinese firms. In addition, by not first exchanging to the USD Nigeria can start reducing its dependence on the dollar. And now, I don't have to tell you how much the greenback swings the Nigerian market.

Not to get it wrong though. This will not increase the money in Nigeria's pocket, neither will it completely eliminate dependence on the dollar since some countries will not accept the Yuan while trading with Nigeria. In fact, Nigeria will have to convert a sizeable amount of its earning to the Chinese legal tender causing the country to hold less dollar. However, if a significant amount of trade is happening with China, there is no reason the Nigeria shouldn't have a Yuan trading hub.

The Naira will be the latest in a string of currencies which currently trade with the Yuan. There is already direct trade with the dollar, euro, yen, pound, the Australian Aussie, the New Zealand dollar, Russia's rouble, Swiss francs, the Singaporean dollar and the Malaysian ringgit. By joining the list of these countries, Nigeria is expressing its desire to take China seriously as a global economy and directly take on the benefits that come with that.

malton:

It won't put us into perpetual slavery any more than the US dollar has.

Besides, this is a win-win.

China is making efforts to popularise the Yuan, while for Nigeria, it provides an opportunity to shore up foreign reserves and provides a trading window.

The dollar as world's reserve currency benefits the American Economy the most as it allows them access to cheap credit and a high percentage of government debt from the world's trust in its currency.


If for none other, we should be thankful that Mr president traveled this one time!

Correct!
As soon as the USD became not "as good as gold", the US began enjoying the selfish benefits of having the dollar as the major currency for international trade. If the Chinese Yuan does become a more global currency, the countries that got on board first stand to benefit more from that.

As bad as some freaked-out western organizations might make this sound, this is actually very good. Stable societies like the US or the UK may not need such laws, but they did need them while their democracies were in their infantile states. At this moment, Nigeria needs this law. The first rule of criminology is to ensure that the punishment for a crime effectively deters potential offenders from committing such crimes. Kidnapping has gone way too long in Nigeria and an effective deterrent is more than needed.

This move by the Buhari administration is almost a strategic one. You'd recall that the Naira/USD exchange rate took a dive during those troubled periods once Nigerian importers who had made deposits with Chinese firms began to source for dollars to meet their varying commitments. That exchange rate would have seen less pressure, were they sourcing for the Yuan instead, a currency Chinese firms will accept. The trade between Nigeria and China was once recorded at over $11b dollars with, of course, the imbalance being to Nigeria's disfavour. But that's not the point; Nigeria has never really been an exporting country.

Nevertheless, it's obvious there's a lot of trade going on between the two countries. Since you couldn't exchange Naira directly for Yuan, but had to first obtain the USD, the various additional costs incurred during the two-stage transaction ensured Nigerian firms spent more money doing business with Chinese firms. In addition, by not first exchanging to the USD Nigeria can start reducing its dependence on the dollar. And now, I don't have to tell you how much the greenback swings the Nigerian market.

Not to get it wrong though. This will not increase the money in Nigeria's pocket, neither will it completely eliminate dependence on the dollar since some countries will not accept the Yuan while trading with Nigeria. In fact, Nigeria will have to convert a sizeable amount of its earning to the Chinese legal tender causing the country to hold less dollar. However, if a significant amount of trade is happening with China, there is no reason the Nigeria shouldn't have a Yuan trading hub.

The Naira will be the latest in a string of currencies which currently trade with the Yuan. There is already direct trade with the dollar, euro, yen, pound, the Australian Aussie, the New Zealand dollar, Russia's rouble, Swiss francs, the Singaporean dollar and the Malaysian ringgit. By joining the list of these countries, Nigeria is expressing its desire to take China seriously as a global economy and directly take on the benefits that come with that.

TheTransformer:
Seriously... just think of it this way -> "would you say the same thing if she killed your father?"

No... just imagine it in that manner... in USA and UK she would not even get bail!

"Bail" is saying too much. In the US, she'd have more counts to answer to, including driving under influence.

Lilimax:
Great!
I've been praying that they temper justice with mercy on her.

Btw, this will not go down well with her so many detractors and sadists
Shame to bad people!

Are you right in the head at all? Those who want a dead man and his grieving family to get justice are detractors and sadists? What has the fallen standards in this hopeless country caused your reasoning?

donestk:
Ur a maths student?

Finance. Maths. Same same.

pennytration:
He must have seen something good in you to look beyond your past. You shuld cherish him by not going back to ur previous lifestyle. Happy married life.

Though I have nothing against living such lifestyle, I should point out Iwasn't talking about me.

I can tell you for certain I know a friend who did runs quite into the extreme and who is happily married now. Before marriage, she had built a house for herself somewhere on the outskirts of Ikeja, was driving at least two choice cars and vacationed steadily outside of the country. After school she got a job at a bank where met her man. I don't know if he learnt about her past, but I don't think he cared either. She was always an independent one and had kinda carved out a comfortable living for herself. I guess the guy was attracted to her in some way.
She has a kid now.

samuel3818:


Hi. I just sent you a PM.

Hello, don't you think you should engage me in a convo before sending a PM?

Nigerian people and pastor at it again!

Deepfreezer:
Footballer Adam Johnson has been sentenced to six years in prison for engaging in sexual activity with a 15-year-old fan.
The former England international showed no emotion as he was sentenced at Bradford Crown
The 28-year-old was found guilty of sexual activity with the teenager following an incident in his Range Rover in County Durham in 2015 in which he kissed and sexually touched her.

Now i think nollywood actress and former AGN President Ibinabo Fiberesima should be a thankful heart for getting 5years on man slaughter, and reckless driving.
as both have something in common, not showing enough emotion and remorse for their respective offence.

They have nothing in common. The latter took a life, the other only someone else's innocence.

rhoma:
True but actually ur thinking made me laff. Do not forget that ur in nigeria. Witch-craft is not a new thing to us.

Do you really have your head backwards?

Pidggin:


Why are Africans this backward?

This question needs to be asked a thousand times over!