₦airaland Forum

sexysophie:
Please can a well-meaning Nigeria help me with some money? About 20k optimally. I say well-meaning because [b]I don't want someone asking me for sex or something [/b]of that nature. I just want to complete my tuition and get a few things for school. Thank you very much.

You sound as if it is your right to get help without giving anything in return.

Dare-devil armed robbers today ambushed a bullion van belonging to the Central Bank of Nigeria in Plateau state and killed two policemen.

But their dare-devilry was in vain as they failed in stealing the money.

Police responded with gun fire and the overwhelmed robbers ran away.

Three other persons were also injured in the incident which happened at Riyom, according to Plateau state police spokesman, Terna Tyopev.

Riyom lies at the boundary between Plateau and Kaduna state. It is about 30kms to Jos, Plateau capital.

http://www.financialwatchngr.com/2016/08/16/breaking-robbers-ambush-cbn-bullion-van-kill-2-cops/

I see 17 likes on that shiit

Mr Justin Onuorah Abuah, Director of Information, State House, has passed on.

Born on January 29, 1959, Mr Abuah, fondly called O.J, by all who knew and came in close contact with him, died on Sunday, August 14, in Abuja after a brief illness.

The late Abuah had a long and rich career at the Presidency, where he served seven past Nigerian leaders since 1986 when he joined the State House media office from the News Agency of Nigeria (NAN).

His many colleagues, friends and admirers will fondly remember him as the man behind several presidential statements and speeches; and he demonstrated a rare sense of calmness and candour in service.

A native of Asaba, Oshimili South Local Government Area, Delta State, O.J is survived by his wife, Loretta and three children (Chinedum, Chike and Amaechi).

President Muhammadu Buhari has sent a condolence message to the bereaved family.

Burial arrangements will be announced later by the family.

http://www.financialwatchngr.com/2016/08/15/abua-state-house-director-information-dead/

Shocking discovery: Over 10 wells in Ilasamaja area of Lagos State in Nigeria contain diesel instead of water.

which naira improved? naira closed at 350.91 friday

Naira hits new all-time low of 350.91 to dollar

http://www.financialwatchngr.com/2016/08/12/naira-hits-new-time-low-350-91-dollar/

The Central Bank of Nigeria (CBN) has ordered workers in all the 19 Deposit Money Banks in the country to declare their assets. The move analysts say looks like the Federal Government is beginning to expand its ongoing anti-corruption crusade to the private sector, especially the banking industry.

The directive, which came in a letter through the Banking Supervision Department of the CBN to all the 19 commercial banks in the country about four weeks ago, gave bank officials only one week to complete the assets declaration process, sources close to the DMBs said.

As of Thursday, investigation by our correspondent revealed that all the staff members of Ecobank Nigeria, First City Monument Bank Limited and Fidelity Bank Plc had complied with the directive.

Top officials of Ecobank, Fidelity Bank and FCMB, among others, confirmed the development. The workers said there was a directive from their management asking them to comply within one week.

Narrating his experience, a top official of one of the tier-1 banks, who spoke on condition of anonymity because he was not authorised to speak on the matter, said, “All our staff members, from the most junior to the most senior, were asked to declare their assets through a court affidavit. It was handled by the company’s lawyer.

“We were asked to declare all our assets, including developed and undeveloped parcels of land, properties, houses in Nigeria and outside Nigeria etc. We were asked to also declare everything, including power generators at home. We complied within one week.”

Top bank executives said the move by the apex bank was not unconnected to the Federal Government’s plans to extend its anti-corruption crusade to the private sector.

It was also gathered that fear had descended on bank workers, especially top officials whose assets were beyond their means.

It was learnt that the fear that the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission might soon begin the examination of the details of the assets declaration forms vis-à-vis the properties some top banker own.

Some top bankers, who own huge assets, it was gathered, were panicky on how they would be able to justify the huge assets in their names should the EFCC and ICPC come knocking on their doors.

Commenting on the assets declaration, an executive director in one of the top three banks, said, “It is part of the ongoing anti-corruption crusade in the country. The Federal Government is trying to deepen the anti-corruption war in the private sector, and it is believed that the banking sector is a very critical sector. This is why the CBN has been mandated to do this.”

Unconfirmed sources at the CBN said the directive followed a letter from the Code of Conduct Bureau asking the central bank to direct all bank employees to declare their assets with immediate effect.

“The directive is from the Code of Conduct Bureau. It is an extant rule. Before now, most people have not been complying. So the CCB wrote a letter to the CBN reminding it about it. This is why the CBN had to write the banks to comply,” a top official of the apex bank told our correspondent on condition of anonymity.

The spokesperson for the CCB, Mr. Muhammed Idris, did not respond to calls or a text message sent to his mobile telephone.

However, independent findings by our correspondent showed that the CCB’s scope of operations covers only political officeholders.

By law, the CCB is mandated to distribute assets declaration forms to the general public.

The Acting Director, Corporate Communications, CBN, Mr. Isaac Okoroafor, said the assets declaration was not a directive of the apex bank but a statutory requirement in line with the Bank Employees’ Declaration of Assets Act of 1986.

Asked why the CBN was enforcing its compliance at the moment, he said, “Why not now?”

The Bank Employees Declaration of Assets Act Cap B1 Laws of the Federation of Nigeria, 2004 provides for asset declaration by all bank employees.

The Act also empowers the President to extend the application of the law to other categories of persons.

http://www.financialwatchngr.com/2016/08/12/cbn-orders-bank-workers-declare-assets/

Nigeria’s largest electricity companies will shut down power supplies unless the government pays longstanding bills it owes them and improves gas supplies, a joint statement said on Wednesday.

In 2013, Nigeria — famous for blackouts — started selling parts of its moribund state electricity firm, in a privatization that was meant to improve power supplies and attract billions of dollars in new investments – neither of which happened.

If the companies make good their threat, most industries and residential homes will be in darkness except for those that rely on expensive diesel generators.

Six power generating companies, known as Gencos, which had bought parts of the state firm, said they would shutdown electricity generation imminently if a debt of 156 billion naira ($485 million) owed from a government agency was not paid. They also said banks were recalling loans made to them.

Nigeria has paid arrears of 186.7 billion naira. The central bank has stepped in with a $213 billion loan to keep the system afloat and allow the power firms to access credit, but more is needed as the oil price slump pressures Nigeria’s currency.

The companies, which include Transcorp’s power subsidiary and Forte Oil’s power unit, said they struggled to repair their networks because imports of spare parts had become too expensive due to naira devaluation.

“In 2013, exchange rate was 150 naira per dollar. Today it is 310. How can we repair, equip, acquire new turbines at this rate of 310 naira per dollar and yet still operate with an old tariff?,” said the companies.

“(A) shutdown is indeed imminent,” they said in a statement.

The naira has lost 40 percent of its value since Nigeria ditched its 16-month-old peg of 197 naira to the dollar in June in a bid to lure back foreign investors who fled both the equities and bond markets after the plunge in crude prices.

After the privatisation, the government pledged to review tariffs as more power is generated and upgrade the transmission network to give more people access to the grid. But tariff reviews have not kept pace with rising cost, worsened now by the naira devaluation, analysts say.

In February, the Nigerian Electricity Regulatory Commission (NERC) increased tariffs by 45 percent, triggering protest from consumers, already under pressure from rising inflation, which hit a 10-year high in June. But the tariff increase was not enough to cover their cost, generating companies say.

As of July, the generating firms have received only 28.6 percent of their April invoices, they said.

Chronic power shortages are one of the biggest constraints on investment and growth in Africa’s largest economy. Producing less than 4,000 megawatts, Nigeria’s requires ten times the amount it currently produces to guarantee power to its 170 million people.

However, the generating firms are holding off on expansion. Generating companies have around 5,000 megawatts of spare capacity which has no access to gas, they say.

http://www.financialwatchngr.com/2016/08/10/nigeria-faces-nationwide-blackout-power-firms-threaten-shutdown-non-payment/

Ijaya123:
At the rate this picture is been posted on Nairaland, there is no way it won't be the most used picture on this forum.

Anyone with a counter-claim is welcome.

Mods can help move this to the appropriate section.

Whenever and however this pix is used, it always make my day. Lol

Nigeria’s impending economic recession has in recent times become a hot topic with varying opinions. Just for the record, economic recession is a period of general economic decline and is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. Generally, a recession is less severe than a depression.

Recent report from the International Monetary Fund’s (IMF) forecast that Nigeria’s economy would probably contract by 1.8 per cent in 2016. The IMF forecast says Nigerian economy will now grow at a much slower pace than South Africa’s, which is expected to grow at 0.1 per cent in 2016.

Following the above prediction by IMF, some economists has weighed in on the subject matter with differing opinions, an economist, Prof. Ben Aigbokhan, has predicted that Nigeria’s economy would recover from depression as soon as possible with the measures being put in place by President Muhammadu Buhari.

Read more on

http://www.financialwatchngr.com/2016/07/29/nigerias-looming-recession-look-positive-effects/

babadee1:
Nice picture. I wonder what's in that cup.

Cow milk

Arian11:
That one is a spiritual case ...and we thought charm was only in Africa

Lols

Arian11:
Oshogbo weed is in America?

Then what ya say about Donald Trump?

If he runs for the white house, then there is still hope for the black man

After becoming the highest paid actor in Hollywood, it looks like the next goal for the Rock is to become the President of America. Actually, a few months ago The Rock shared a post on social media stating that maybe one day he would run for president:

At that time most people saw it as a joke from the Hollywood star which perfectly matches his image. However today, The Rock appeared on Good Morning America where he was asked about his post and how real his ambitions of becoming the President are, to which he replied:"Well it's very real, The idea of me becoming President one day has become a legit thing to some people. As time goes on, we take the temperature of the American people.

If it is an overwhelming, positive, strong 'we want you to run for President', and if I felt that I can step up to the plate and become a tremendous leader and make a real difference and make change, I would do it.

"This comment has opened a completely new dimension of the personality of the former WWE champion, and has started a new debate among his fans around if they will really get to see The Rock become the most powerful man in the world.

The Rock is also currently the world most paid actor.

http://www.sportskeeda.com/wwe/wwe-news-the-rock-serious-president-usa

sure

i doubt Ntel can match up the competition, trust it when i say, whatever Ntel brings to the table, Airtel takes it 3 step further

Fresh terror attacks has left at least 80 people dead in the carnage and many more were injured in what President Francois Hollande said was clearly a terrorist attack, with several children among the dead.

Laurence Marie, who works at Lenval paediatric hospital, said “many” more children were undergoing serious operations there.

Reports says the man who drove a lorry into crowds of people during Bastille Day celebrations in Nice was known to police, it has emerged.

Today, it was revealed that the man – a local Nice man of Tunisian origin, was known to police for common law crimes. But, authorities said, NOT to intelligence services.

Anti-terror police are on the streets as crowds fled the scene of the crash, in a country still tense after a string of devastating attacks.

Regional newspaper Nice Matin quoted its own reporter at the scene saying there were many injured people and blood on the street.

It published a photograph of a damaged, long-distance delivery truck, which it said was “riddled with bullets” and images of emergency services treating the injured.

Residents are being told to stay indoors as the emergency services work at the scene.

http://www.financialwatchngr.com/2016/07/15/breaking-another-french-terror-attack-kills-84-death-toll-rising/

Chosen1984:

APC AND PDP BIRDS OF THE SAME FEATHER

But who is this funny looking man sef, even if i see the pix 20times a day, it comes with same funny look.