₦airaland Forum

The companies making the perfumes should be making offers to buy back the empty bottles; it's 'green' to do so.

Lawyer is online o!

Barrister, welcome.
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The lifting of the forex controls imposed by the CBN last February indicate that the government’s earnings are on the rise as oil prices increase, said Lucky Adaghe, head of global custody services at First Bank of Nigeria Plc. “With the rise in the price of oil, the government believes it can sell more dollars now without depleting the country’s foreign reserves” Adaghe said.

Intesresting!

An 'economy' almost entirely dependent on oil. . . ; these 'solutions' couldn't ever last.
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Interesting, these wildly different rates.

What're the sources? N18 difference in the USD/Naira exchange rate??
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faakay:
As @ Today, 155 -158 Naira

The aboki buying at that price must have had quite a party; the dollar sold for significantly more than that yesterday. . .
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Up up Naira isn't much about the oil price then than the dollar flood.

Time for small-time dollar sellers to sheath their swords. . .

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Yeah, up, up Naira.

But, that's mostly because: "up, up, Oil Price". And, of course, that's because: "Up, Up, Niger Delta"

Just so we put it all in context. The same lazy/crazy Nigerian government is busy decimating the Niger Delta: its peoples and the the land. Ok, enough.

Today in the Ikeja area, you would get N167 for your dollar. This is 'fantastic', considering the price last week or so.

From the responses above, it's clear one isn't enough.

It will need to be done in her church, at yours, at the registry, in your village, in her village, and everywhere else.

That would really be the right thing.
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It's tough, even for adults.

And if you've met some In-Laws to be, you'd find out that it's never really simple. No, they're not making demands; yes, they understand things are tough; but, this, this one, their beloved daughter, ought to be 'sent off' gloriously; you're a hardworking man, that Uncle-In-Law says, his hand on your shoulder; try, eh; try; you know, in out family, the women never come back; once you've done this, just this once, that's it; so do it well; think about it. . . Look, this will kill any militancy you've got; it almost certainly will.

It could be tough, but you've got to be tougher, and smarter.

A budget is a budget is a budget is a budget.

When you explain, explain with grace; no militancy; no that's-how-it-is-and-that's-all-about-that; well, at least not that way. People like to be heard. You know what you're going to do, and that's it. Just know this: your bride must be on your side; she'll be the one telling 'them' what's going to happen, or not; she knows her people, and she'll handle them.

This is your last test in negotiations as a bachelor; don't bungle it.
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Interesting question.

If you meant the Bible God, you can be certain he doesn't give a damn; plenty examples in the bible.

Take Adam & Eve; if there was any ceremony, it was a showing: bible God shows pretty Eve to observant Adam (observant, cos, he ain't no fool; he's certainly seen the dogs and other animals getting it on; and he's sure to have wondered why he's not getting any. . . ); so God brings Eve to Adam, and dude gets the story; wham bam: they're together.

Or take Isaac & Becky: they the slave guy only had to find the babe, and the marriage was done. Plenty more examples. But you gotta note: as time went on, the society became involved; so Jacob had to serve 7 years, get duped, and another 7 years before getting the babe he really wanted. These days, the society is the government; so it's smart to meet the minimum requirements. Look, you could get away with the common law arrangement in Naija, but elsewhere, say in Europe, you need a paper; something signed; there's a reason solid institutions need such a paper. So, there's the registry; that's the cheapest these days; it's really a blessing. Get your lady there, have witnesses, and you're married, and, you could be sure, Almighty God is happy with that.

Now, with the family: don't 'damn' them; family's important. you could keep people on your side and not have to spend money you don't have. If you could talk and have a good disposition, you should be able to find that nice uncle on the other side, or a wise big cousin of the woman, or somebody to see reason with the financial situation with the young couple. . . nice to keep family on your side; heck, God likes it.

Now, long story short: God is happy as the state is happy; most states're happy with the minimum requirement of a signed thing from the registry.

The rest is icing; and all the sugar isn't even good for your health.
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Chrisbenogor:
@Nimshi
Its been a long time I saw you at the religion section don't tell me davidylan pissed you off
Any ways I need some info on trading the dollar locally, I have been dabbling into the spot fx market for some time now and I am still not really comfortable with it. So if you have got useful info for me do well to let me know bro.
Cheers.

Hi Chris!

Long time!

David, he ain't a very bad guy,

Got tired some. . . too little time . . . gotta tackle the recession and keep afloat;

On fx: will be glad to be useful in any way; you could shoot me a PM; we all need all the help we could get, and "we" includes your humble servant too. . .

Cheers.

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angel72:
Thanks Nimshi,

i had in mind already that it will go down, so i was thinking that i would exchange half the money i want to use already next month and will change the rest when i get down there,

This isn't a bad strategy if you'll be needing the Naira in August. . .

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That's an interesting question. Predicting the future is fraught with difficulties. But, it isn't an impossible task - in this context - within a reasonable margin of error.

The official rate of exchange has varied somewhere between 140 and 154 this year; you could almost track that with oil price movements and the variation amongst major currencies (USD, EURO, GBP); there's data available for these, but seldom do we have the market & Bureaux de Change (BDC) data in a systematic way. . .

Here's a rule-of-thumb I've found useful: we know the market rate got a ceiling of about N190, and is currently hovering around N180, which appears 'stable' based on current realities; one could plan with that: watch the trend as things are, have an "exit" point, and hopefully, you won't have to be stuck when you actually need the money. If you want to dig dirty, use a resource like: http://forecasts.org/pound.htm along with oil price data and current market/BDC rates to get a feel.

It's not much science, and: caveat emptor.
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Good to highlight the problem; but this is certainly not true for all Nigerian companies.

A sweeping generalization does not help much.

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Quote from: busi-bodi on May 13, 2009, 11:36 AM
only happens in a failed state.

[quote author=A_K_O link=topic=271821.msg3862494#msg3862494 date=1242225826]What do you mean? Did you not read the part that said he was not aware of the flag?

[/quote]Because, in a truly functioning state:

1) The LASTMA Officer wouldn't have needed to do a chase

2) The bus driver wouldn't have attempted to make a run for it: the cost of speeding away would have discouraged him, as well as the secure knowledge that he wouldn't have escaped being caught.

As we have the news item, there's nothing about the runaway driver; that, again, is a telling sign of the failure of the state, or the reporter, or both.

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USD sold at N180.50 in the Ikeja axis yesterday; this most probably isn't a best price, but all generally below N181.

BAC: of course, N179 isn't far off, but with oil marketers getting back on importation, the naira should fall some.

No definite price for today, but one shouldn't be negotiating for less than N181.

Just to add: the Bureaux de Change rates aren't far off, but slightly lower.

Cheers.

mumfutout:
i work in an insurance firm and we offer as high as 13% for just a million and its reviewed upwards to 16% for 5million.thogh u can negotiate if ure not comfortable with these rates.hola on demyarts@yahoo.com.

What's the name of your insurance firm?

And, if your firm has got a website, could you please povide the link/address?

Cheers.

ikeyman00:
^^^^^ i think u are telling lies

u cant be serious

Ok. Let's start here.

1) Emeagwali has no PhD, neither is he a medical doctor. So, where's the source of his answering to the "Dr." title?
2) Find the websites proclaiming Emeagwali a genius, and this is what you'll find: those websites are either owned by him or his wife, or are websites that link to websites that link to his website and/or his wife's website.
3) Cite the scientific journals in which Emeagwali's work has been published; could you?
4) He claims to have 41 (or a number around that) patents. Lie. If there's one patent to his name, let's see it.
5) Why is it that he claims to be a scientist, yet his website has links to interviews, family photos, poems written by him and by others for him? Where's the scientific work?

To start out, take a look at Chioma K. Ezeilo's excellent articles:

1) http://magazine.biafranigeriaworld.com/cezeilo/2003nov05.html : Self-Promotion and Self-Authentication: the Abuse of Cyber pseudo-Anonymity: Part 1 A Certain "Biafra House"

2) http://magazine.biafranigeriaworld.com/cezeilo/2003nov09.html: Self-Promotion and Self-Authentication: the Abuse of Cyber pseudo-Anonymity: Part II "Father of the Internet"

When you're done, we could take a closer look at several other Phillip Emeagwali myths.

There're serious scientists from Nigeria; Emeagwali is not one of them. In fact, in the realm of academics, I'm yet to encounter another fellow who's done so much to ruin the reputation of Nigerians in academia in Europe & North America; serious scientists & researchers do not take this man seriously; and we had to find out in a hard and almost disgraceful way. . .  Emeagwali is a shame, and he has actively promoted these lies. Only people who'll take a fraud for a hero would take him seriously.
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ikeyman00:
nimshi



could u plz explain to the nigerians what u meant ??

Before a deconstruction of what Phillip Emeagwali has built up on the Internet about himself, you could start by thinking/telling exactly what Phillip Emeagwali has achieved.

Almost everything Emeagwali has said about himself is false. He claims degrees he doesn't have, achivements that're not his, patents that're not his etc etc

Here, a challenge: start writing the things you believe you know Emeagwali and let's sort out which are lies. If you could go far with that, you'd've seen insult of having Phillip Emeagwali's name on the same list on which you have Chinua Achebe.
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ILOCHUDI:
CHINUA ACHEBE
PHILIP EMEGWALI
DIM CHUKWUEMEKA ODIMEGWU OJUKWU
I think these three have done expectionally well to be called Nigerian legends

Ok. So, what has Emeagwali - who, as has been mentioned already, is a fraud - done to deserve being named in the same list as Chinua Achebe?

May I add this:

NIPOST isn't what NIPOST used to be: they're better. Much better.

Letters by regular post delivered on time; packages delivered intact; this is about the best improved govt.-operated corporation that's functioning and improving.

They could do with some improvement though, least of all being getting their website http://www.nipost.gov.ng updated.

Give NIPOST a shot. Visit the website and you probably would find a service relevant to your situation.
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Selling at a loss isn't terrible if you're investing in a more attractive venture, now, let's see how you could sell your shares in First Bank.

1) Going by the info you've given, you definitely bought the shares during a public offer. Have you received the certificate for the shares you bought? since you don't have a broker, it could be that First Bank Registrars (note: not First Bank; you really don't have much/direct business with First Bank with respect to your First Bank shares, ) have sent you the proof that you have bought the shares. Since you don't have a broker, it is unlikely that you have a CSCS account,

2) As you've been advised above, you'll need a broker,

3) Getting a broker will very much help. It could take a while for you to be able to sell these shares though. But, get a broker.
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BabaOlowo:
My Stockbroker claimed to have set up a CSCS Account for me without my knowledge, is it possible to have two or more accounts?

It is possible.

If you're concerned about the validity of the/this CSCS account, ask the broker for the details.

Your accounts could be unified if you so desire (and this is what the managers of the CSCS would prefer).
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C'mon guys; N1.45 billion; Naira?

Are there Christians there? Were Oyedepo & Adeboye to get really serious, they could raise this fund in a few fire-power seeding services.

Winners, RCCG people, where're you? Brothers/Sisters in the faith in little Sao Tome need you, and now.

Let's lend them the money; but let's see the terms; it's a saving for the economy; the money you don't lend in Nigeria, government officials will almost certainly embezzle.

Right, it's difficult to look beyond the disgrace the Nigerian government is; but consider this an investment, eh.

Let them have US10 million; that's chicken feed in the world of the rogues in Abuja.
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Totoma:
Chinua Achebe Writer: He is great but tribalistic.

How is Chinua Achebe tribalistic?

Why would anyone say Chinua Achebe is tribalistic??

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Quote
https://www.nairaland.com/nigeria?topic=272576.msg3873811#msg3873811

Philip Emeagwali Computer scientist

Bamowolo wrote:
a fraud is nominated to be a living legend in Nigeria? what a suprise.

Phillip Emeagwali is indeed a fraud; perhaps the most 'successful' "intellectual" fraud from Nigeria.

The surprise is that the Vanguard reporter/writer has been duped, as has the editor and those involved in that project.

Big shame.
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[quote author=Tha_dude link=topic=68738.msg3855009#msg3855009 date=1242083832]Let the inflation go off the roof and lets know where we are. Those of us who have access to Dollars, pounds and euros, we can then take advantage of the system. The system hasnt paid us its debt, may be this is the way the system intends to pay Nigerians-diaspora.[/quote]There's really no joy in this. When inflation hits the roof and breaks through it, and you fx exchanges for more naira, it's only much of a compensation; spending the money in Naija should work out roughly to the same outcome; the fx market and forces of exchange 'protects' the value of your fx; but the real sufferers are those earning money in Naira whose salary increase cannot keep up with the inflation; this class includes most honest, hardworking Nigerians. Of course, the politicians in government are excluded, since they always have ways of padding their fat salaries and allowances. It is impossible to sustain this model for a long time.

This is really sad for 'ordinary' Nigerians.

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1 USD exchanged for USD181 yesterday in the Ikeja area; this price is for when you sell; there was an exchange for N182.5.

It's no use giving out misleading information here; the N192 figure was misleading.
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Thank you ndu_chucks.

The N192 figures for the dollar appear to be unreasonable for today; no one has been able to match that figure. In fact, no one's appears to be offering more than N181 to the dollar in the Ikeja area;
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hayodele: is your aboki reliable? Where at? Ikeja?

I just got a quotation for N181 for the USD and am trying to evaluate if this is fair deal in this market.

Cheers.

damola1:
170N to 1USD

170?

Where at?

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