₦airaland Forum

I laugh pour hot coffee for lap.

somebody shoot him in the head.

Glory ??

THE International Monetary Fund said on Thursday that the naira was overvalued and that more exchange rate flexibility would be needed to prevent the Central Bank of Nigeria from running down the foreign currency reserves to fix the rate.



NAIRA NOTES



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The Fund said in a statement in Washington, DC United States, that the CBN might need to increase benchmark interest rates further and weaken its currency to curb inflation, following the increase in public spending.

Bloomberg quoted the IMF as saying, "Greater exchange rate stability would prevent one-way bets in the foreign exchange market and cushion external shocks. Nigeria's strong external position and low debt helped mitigate the impact of the global financial crisis.

"However, a pro-cyclical fiscal stance and an accommodative monetary policy have resulted in high inflation and a loss in international reserves. Further monetary tightening may be needed should inflation pressures continue. Moving gradually toward an inflation-targeting regime, once the necessary institutional underpinnings are in place, will help anchor inflation expectations."

It added, "Nigeria is Africa's biggest oil producer and most populous nation, and has the continent's third-largest economy after South Africa and Egypt. The economy probably grew by 8.4 per cent last year as oil production increased."

It, however, said that inflation rate would probably ease to nine per cent by the end of 2011.

The National Bureau of Statistics said on Thursday that inflation accelerated for the first time in five months in January, reaching 12.1 per cent from 11.8 per cent in the previous month.

The CBN had said that Nigeria's foreign currency reserves plunged by almost $10bn to $33.1bn in the year through November 29, and reached $34.5bn on February 11.

The apex bank aims to keep the naira at about 150 per dollar and has depleted reserves to defend the currency.

It had raised the benchmark interest rate by a quarter points to 6.5 per cent on January 25 to head off price pressures as fiscal spending increased before elections in April.

Reacting to IMF's position, an economist and Chief Executive Officer, Economic Associates, Mr. Ayo Teriba, said, "I don't share the view of the IMF. The excess demand pressure on the foreign exchange market was triggered by the crisis in the euro zone. The pressure from the crisis has moderated and the reserves have started growing."

riday, February 18, 2011


Kampala- President Yoweri Museveni says he may release an album after a rap he performed became a smash hit on Uganda’s radio stations and in its nightclubs.

“I was very happy with the reaction of the youth because that means they are very thirsty for the music of their ancestors,'' the 67-year-old told a news conference before elections on Friday.






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“So after the election you may get quite a big album of the classics,'' he said.

The leader, nicknamed “M7″, performed two children’s folk chants from his birthplace in Western Uganda at several election rallies over the last few months.

Record producers then mixed the performances with hip-hop beats and audio of Museveni talking to the crowd about a genre of music.

“Those poems which I gave to the youth are classical poems which were being recited before colonialism.

“There are quite a number of other songs and recitals which I will make available to them,'' Museveni told reporters.

Ruling party officials were pleased with the popularity of the song before the poll but issued warnings to some newspapers after they published doctored photographs of a topless Museveni with a muscled and heavily tattooed torso. (Reuters/NAN)

Shocking? Really?lol

Yall"s rap game is so cold
You need to home and reheat it believe me

Keep it 100 _ TANK

Oil? You really believe this is all about oil? Why don't nigerians think outside the box?

Why? The blantant truth is that an igbo man would never be voted in as the president of nigeria. Its not my opinion and wish but just a bitter truth. The hausa"s wouldn't let that happen and the yoruba's , well u don't trust each other

Its about time people stand up for their rights . If u indeed hate the pdp then vote for a credible opposition or just a party and try to make a change enough of coaching on the sidelines

This is unfortunate taming the poor and hungry people . Food is the least of nigeria"s problem

I don't why people are getting carried away by the events unfolding in the arab world and esp sudan we have not reached the boiling point yet and hopefully we don't get there I just do not think its a good idea to start a tribal war on nairaland as every tribe in nigeria will have something sig to lose if nigeria breaks up. At least let us try to make the country work first before talking about breakup.

It was a narrow escape for Miss Christiana Enechejo Paul, a National Youth Service Corps (NYSC) member, after she was mistaken for an antelope and shot at by her landlord in the village of Mbube, Ogoja in northern Cross River State.
•Miss ‘Antelope’ Enechejo on her hospital bed.
P.M.NEWS gathered yesterday that Miss Enechejo, a graduate of Auchi Polytechnic serving at Comprehensive College, Mbube, was posted to Bepeh, a neighbouring community where she is doing her primary assignment by INEC as adhoc staff for the just concluded voter registration exercise.
In Bepeh, she and another female colleague were given a room to share in the home of the village primary school headmaster as temporary quarters while undertaking the registration exercise.
“I and my colleague were given a room from where we report to the registration point each morning,” Miss Enechejo told P.M.NEWS.
She said on the morning of the fateful day at about 5:45 a.m., she had gone to the nearby bush at the back of the house, which is a cassava farm owned by the village headmaster. While there son of the headmaster joined her in the bush and soon left in a hurry only for the father to come out with a gun and fire at her.
“I understand the boy went back to the house to tell the father that he had seen the antelope that was always coming to eat their cassava in the cassava farm every morning. But I did not know that that was what he did, I only heard gun shots and pellets hitting me,” she said on her hospital bed.
Miss Enechejo, who was rushed to the Catholic Hospital Moniaya in Igoli, has again been taken back to Mbube where the pellets are being extracted from her body by a traditional healer.
“She is recovering gradually, the pellets are still buried in her body that is why she is still shivering,” Mrs. Catherine Umoru, elder sister to Miss Enechejo, who is looking after her, told our correspondent.
Mrs. Umoru said the INEC zonal officer for Ogoja has visited Enechejo.
“We have not been asked to pay any bills yet. We do not know what will happen when she gets well,” she said.
The police at the Divisional Police Station in Ogoja told P.M.NEWS that the headmaster, whose name they refused to disclose, and his gun have been transferred to Calabar, the Cross River State capital.
However, the Police Public Relations Officer for the Cross River Police Command, ASP Etim Dickson, said he was not aware of the incident but reliable sources at the command at Diamond Hill said the headmaster is with the anti-homicide department. The matter is still being investigated.
Mr. Michael Igini, the INEC Resident Electoral Commissioner, who spoke to our correspondent on phone, said “the girl is recovering and the pellets are being extracted from her body.

you know what they say. "ignorance is no defense"

[b]wonders shall never end. YOU knew he was cheating on you when you guys were dating but u still married him. I hope I someday understand the intricate mind(s) of women which is sometimes intricate to decipher. [/b]

i

chi 3280:
may God punish him.who is he and who gave him the power to lock a church.i think this so called king has crossed his borders of authority.may God strike him dead.Ruuuubbbbbiiiiiissssssshhhhhh!

we need to get rid of all these so-called oba's and baale's. this aint the 18th century. its 21st baby, AND DEM GET POLICE FOR THAT AREA O. WETIN DPO DEY DO WHEN THUGS GO BLOCK SERVICE?, ONLY IN NIGERIA

Saharareporters has learned a Nigerian citizen, Moukhtari Ibrahim Aminu, has been arrested and detained for 10 days allegedly for "insulting" Governor Sule Lamido of Jigawa State on facebook. In addition, Mustapha Saad, a magistrate in Dutse, the Jigawa State capital, has further remanded the accused in prison until February 7th 2011.

Moukhtar’s arrest stemmed from a message he posted on his page on January 18 2011, it not clear if he also posted the same on Governor Lamido's facebook fan page, where curiously he is also an administrator.

The text reads: “O Allah destroy Sule Lamido and the rest of his friends, O Allah disgrace Sule Lamido and the rest of his cursed friends, O Allah curse Sule Lamido and the rest of his cursed friends, O Allah expose Sule Lamido and the rest of his cursed friends, O Allah inflict poverty on Sule Lamido and the rest of his cursed friends Amen and all those for prophet Muhammad (SAW) say Amen.”


After Mukhatari posted the text message on his facebook page, the governor lodged a complaint with the police and ordered that Mukhtari Moukhtar be arrested.

The Jigawa commissioner of police, Mr. Hashimu Salihu Argungu, launched a manhunt and arrested Mukhtari.

After being detained for 10 days, Mukhtari was arraigned before Magistrate Mustapha Saad and charged with violating Section 393 of the Nigerian penal code.

A source told SaharaReporters that Moukhtar might have turned against Governor Lamido as most youth in the northern parts of Nigeria, condemned northern governors who supported Mr. Goodluck Jonathan during the People's Democratic Party (PDP). Mr. Jonathan emerged winner in the primaries, trouncing Atiku Abukakar, the "northern consensus candidate".




“What has happened to this man is indefensible,” said an Abuja-based lawyer, adding, “Curiously, the penal code doesn't know Internet defamation as an offense.” The lawyer accused Governor Lamido and the police commissioner of abuse of power as well as “stretching a law to cover a ground that it does not cover.” Section 393 states: "Any person who, with intent to defraud, conceals the whole or part of any document which is evidence of title to any land or estate in land is guilty of a felony, and is liable to imprisonment for three years."

http://www.saharareporters.com/news-page/governor-lamido-jigawa-arrests-citizen-facebook-%E2%80%9Cinsult%E2%80%9D

raycomray:
THE KING IS ASSERTIVE AND SEEMS TO BE READY TO DEFEND HIS ACTIONS.
I WILL ADVISE, MAYBE, THE CHURCH COULD FILE A SUIT IN COURT. AND LET US KNOW IF THE KING HAS THE LEGAL POWERS TO CLOSE DOWN THE CHURCH.

only in nigeria

http://odili.net/news/source/2011/jan/31/823.html


Hundreds of worshippers at Saint Paul African Church, Alagbado, Ogun State, on Sunday took to their heels as some hoodlums in the area attacked them with canes, stones and other weapons, preventing them from having normal Sunday service in the church.



Saint Paul African Church, Alagbado. Inset: The locked gate.



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The hoodlums, who were said to have arrived the church as early as 6am, stayed in the church premises until 12noon; successfully preventing the church service from holding.

PUNCH METRO gathered that the closure was the culmination of a cold war between some elders in the church and the town's new monarch, Oba Adedayo Shyllon. It was gathered that the monarch ordered that the church be closed for three months and the hoodlums were merely enforcing the king's order.

The Peoples' Warden and head of administration of the church, Mr. Sola Akinsanya, told our correspondent that the attack on the church by hoodlums suspeted to be the king's loyalists was as a result of a simple security measure taken by the church, which the king was not happy with.

According to him, the elders in the church met on Saturday, January 22, and decided that there would be no church service the following day because they feared that there might be a violent protest in the church.

He said, "There was a court injunction, which was served on the church. The injunction prevented Shyllon from parading himself as the king. The elders met and decided not to hold church service on that day."

"Ironically, that Sunday the elders decided to close the church coincided with the day that the new monarch chose for the thanksgiving of his coronation in the church.

But one of the elders in the church, Chief Theophilus Amodu, said there had been violent protest against the king by the youth and market women, prompting the elders to believe that his presence in the church might cause problem. "That Saturday, a young man was killed and we feared that our church might become the centre of another protest, hence the closure," he said.

However, the elders' action put the king in bad light as he and his visitors were stranded and had to quickly relocate to another church for the service. The angry king was said to have vowed to close the church for three months.

On Tuesday, January 25, the king made good his promise by locking all the entrances to the church. But the elders broke the lock and reported the case to the police.

Akinsanya said, "I called the vicar of the church and we went to the police station to make statement. The Divisional Police Officer said we should break the lock which we did. On Saturday, we wrote to the DPO requesting two armed policemen at our service today (yesterday). This morning, the sexton of the church, Mr. Wale Ogundimu, called to tell me that the church was locked again. Later we learnt that the sexton had been abducted by the thugs sent to the church.

"We went to the police station, where we also found the sexton. We made statement and the head of the station patrol and guard duty sent five policemen with us to the church on the DPO's instruction.

"When we got there, we were prevented from entering the church by the thugs numbering about 22, sent by Shyllon and led by one Fatai. After discussing with the policemen, Fatai instructed his thugs to beat everybody, we fled."

However, Amodu said that the elders would not allow the king to lock the church for three months. "We want the whole world to know our plight and we want our church opened," he said.

But the monarch said he did not send anybody to the church. "As you can see, I am just coming back from a service in another church. I don't know anything about anybody attacking them," he said.

He however admitted that he gave instruction that the church should not be opened for three months.

He said, "I went to the church last week and I met it closed. I went there with the Primate of the African church and also the Bishop of Ifako Diocese; not to talk of about four kings that accompanied me. I was totally embarrassed.

"I have my instrument of office since December 23, 2010. The coronation was just a ceremony. If somebody went to court, what is the business of the elders of the church; were they joined in the suit? What protest were the talking about? There was no protest, the boy that died was killed on Monday during the clash of the butchers at the market there, not here. My father was among the five people that established that church; I am the Patron of the Archdeaconry and they locked me out.

"Of course, I said that since the elders wanted to close the church, the church would remain closed for the next three months. I said it before the bishop and the primate and they said nothing. I am the king of this town. I don't know anything about today's disturbance, but I know I said that the church would remain close for three months."

Hundreds of worshippers at Saint Paul African Church, Alagbado, Ogun State, on Sunday took to their heels as some hoodlums in the area attacked them with canes, stones and other weapons, preventing them from having normal Sunday service in the church.



Saint Paul African Church, Alagbado. Inset: The locked gate.



advertisement


The hoodlums, who were said to have arrived the church as early as 6am, stayed in the church premises until 12noon; successfully preventing the church service from holding.

PUNCH METRO gathered that the closure was the culmination of a cold war between some elders in the church and the town's new monarch, Oba Adedayo Shyllon. It was gathered that the monarch ordered that the church be closed for three months and the hoodlums were merely enforcing the king's order.

The Peoples' Warden and head of administration of the church, Mr. Sola Akinsanya, told our correspondent that the attack on the church by hoodlums suspeted to be the king's loyalists was as a result of a simple security measure taken by the church, which the king was not happy with.

According to him, the elders in the church met on Saturday, January 22, and decided that there would be no church service the following day because they feared that there might be a violent protest in the church.

He said, "There was a court injunction, which was served on the church. The injunction prevented Shyllon from parading himself as the king. The elders met and decided not to hold church service on that day."

"Ironically, that Sunday the elders decided to close the church coincided with the day that the new monarch chose for the thanksgiving of his coronation in the church.

But one of the elders in the church, Chief Theophilus Amodu, said there had been violent protest against the king by the youth and market women, prompting the elders to believe that his presence in the church might cause problem. "That Saturday, a young man was killed and we feared that our church might become the centre of another protest, hence the closure," he said.

However, the elders' action put the king in bad light as he and his visitors were stranded and had to quickly relocate to another church for the service. The angry king was said to have vowed to close the church for three months.

On Tuesday, January 25, the king made good his promise by locking all the entrances to the church. But the elders broke the lock and reported the case to the police.

Akinsanya said, "I called the vicar of the church and we went to the police station to make statement. The Divisional Police Officer said we should break the lock which we did. On Saturday, we wrote to the DPO requesting two armed policemen at our service today (yesterday). This morning, the sexton of the church, Mr. Wale Ogundimu, called to tell me that the church was locked again. Later we learnt that the sexton had been abducted by the thugs sent to the church.

"We went to the police station, where we also found the sexton. We made statement and the head of the station patrol and guard duty sent five policemen with us to the church on the DPO's instruction.

"When we got there, we were prevented from entering the church by the thugs numbering about 22, sent by Shyllon and led by one Fatai. After discussing with the policemen, Fatai instructed his thugs to beat everybody, we fled."

However, Amodu said that the elders would not allow the king to lock the church for three months. "We want the whole world to know our plight and we want our church opened," he said.

But the monarch said he did not send anybody to the church. "As you can see, I am just coming back from a service in another church. I don't know anything about anybody attacking them," he said.

He however admitted that he gave instruction that the church should not be opened for three months.

He said, "I went to the church last week and I met it closed. I went there with the Primate of the African church and also the Bishop of Ifako Diocese; not to talk of about four kings that accompanied me. I was totally embarrassed.

"I have my instrument of office since December 23, 2010. The coronation was just a ceremony. If somebody went to court, what is the business of the elders of the church; were they joined in the suit? What protest were the talking about? There was no protest, the boy that died was killed on Monday during the clash of the butchers at the market there, not here. My father was among the five people that established that church; I am the Patron of the Archdeaconry and they locked me out.

"Of course, I said that since the elders wanted to close the church, the church would remain closed for the next three months. I said it before the bishop and the primate and they said nothing. I am the king of this town. I don't know anything about today's disturbance, but I know I said that the church would remain close for three months."


http://odili.net/news/source/2011/jan/31/823.html

nation building or government building?

nation building or government building?

and she couldnt turn down the appointment

to the fact that they even have a website

interesting, we need to start our own revolt jare./, hmm but wait naija no get liver