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Hi beautiful Nlanders, I just thought I should share a few of my prewedding pics for y'all. Will keep y'all posted, I think the shots are cute . All nairalanders are invited.

Ikenna, I disagree.

Removing the catalyst from an older car (pre-OBD II) won't cause any issues. OBD II cars have Lambda probes before AND after the catalyst. If you delete the catalyst, the post-catalyst probe will register a different mixture, and throw a check engine light. So deleting the catalyst is not that straight-forward. I've done this on countless VAG models, and the only way to delete the catalyst is to code the post catalyst Lambda probes out. So we're talking different fuel map, so the post catalyst probes are no longer required.

Running a car without a catalyst in North America is prohibited in some states, not all. Not all states require emissions, some states simply check there's no check engine light illuminated, with no sniffer test. These guys run test pipes in place of their factory catalysts, with the OBD II post-catalyst probes coded out.

The days of catalysts hindering performance are long past. We've had cars on dynos here, with catalyst, and after removal, and power output remains the same. On some cars, there's actually been a reduction in torque. So catalyst removal may free up a few extra ponies in an older car, not a new one. New cars have less restrictive catalysts, typically 300 cells and lower. The lower the number, the less restrictive they are.

If you're not sure what you're doing, it's not adviceable to delete your catalysts. Remove the catalysts from a 2006 Honda Accord V6, and see what happens.

@ nobody.. Do you happen to know anyone with large quantities of old catalytic converters?contact me via email obidevine@yahoo.com

Hello people, if you look well there is a hand on M.I's shoulder, why dem cut the guy comot from the picture and another question when did Desmond become a senator?...

MizMyColi:
I know.

Congrats though

MizMyColi:
It is called ExperienceTecno.
FOC ke?

By FOC he meant Free of Charge

A lot of businesses have folded up

For all my people in the diaspora, please check my signature

All business men need to open a dom. Account

The foreign exchange crisis hitting the economy has assumed a new dimension with Deposit Money Banks announcing the suspension of overseas Automated Teller Machine card services and online transactions denominated in foreign currencies, OYETUNJI ABIOYE writes

Deposit Money Banks have begun suspending their Automated Teller Machine cards (debit and credit) from working overseas as dollar scarcity continues to hit the economy badly.

Stanbic IBTC Bank, Standard Chartered Bank Nigeria and Guaranty Trust Bank on Friday announced the suspension of their overseas ATM card services.

Also suspended by the banks are online transactions priced in foreign currencies. This means that customers of the banks will no longer be able to use their debit or credit cards to make online transactions that are denominated in dollars, euros, pounds sterling and other foreign currencies.



In a note to its customers on Friday entitled: ‘Suspension of international transactions on naira debit cards’, Standard Chartered Bank Nigeria said, “Please be informed that effective immediately, your naira denominated debit cards will no longer be functional for international transactions.

“This is due to the current volatility in the foreign exchange market. Your naira-denominated debit cards can only be used for local transactions at Point of Sale terminals, Automated Teller Machines and online for Nigerian retailers.”

In a text message to its customers on Friday, Stanbic IBTC Bank similarly said, “Dear customer, kindly note that effective October 18, 2016, your ability to carry out transactions priced in foreign currency using our naira debit and credit cards will be suspended. We apologise for any inconvenience in this regard.”

Both Stanbic IBTC Bank and Standard Chartered Bank Nigeria advised customers seeking to carry out transactions denominated in foreign exchange to apply for dollar or pounds sterling debit credit cards. According to them, the dollar or pounds sterling debit or credit cards will be linked to the customers’ domiciliary accounts.

GTBank also announced the suspension of the ATM cash withdrawal service abroad. The lender also slashed its monthly ATM forex transactions to $100.

In a notice to customers on Friday entitled: ‘Review of the international spending limit on your naira Master Card’, the bank stated, “We write to inform you of the monthly spending limits currently applicable when using your GTBank naira Master Card for international payments via PoS and online. Previous monthly limit via PoS and online was $250; the new monthly limit via PoS and online is now $100. Kindly note that ATM cash withdrawal on your naira MasterCard is now only available in Nigeria.”

The development will make students studying in the United Kingdom, United States, Canada, Ukraine and other parts of the world to face more challenges getting their monthly stipends from their parents.

Most of the students had relied on the ATM card withdrawal to get their monthly stipends from their parents before now.

This means customers seeking to do foreign transactions will have to open domiciliary accounts and fund same with dollars, pounds or euros purchased from the parallel market at the prevailing exchange rates.

Although other banks have yet to announce the suspension of ATM card services abroad, findings by our correspondent showed that many lenders had reduced drastically the amount that customers could withdraw via ATMs abroad.

This is despite the fact that the banks have in the past few months reduced the monthly total amount of forex-denominated transactions that customers can do, using their naira debit or credit cards via ATMs and PoS terminals abroad as well as online payments or transactions.

As of last week, findings showed that some banks had slashed their daily ATM withdrawal limit abroad from the $300 advised by the Central Bank of Nigeria’s Bankers Committee to $100 due to their inability to source for dollars to fund the transactions.

Unconfirmed sources said some banks had reduced their monthly ATM withdrawal limit abroad to $100.

Top banking officials close to the development told our correspondent under the condition of anonymity that banks were increasingly finding it difficult to fund their foreign-currency denominated services, especially online forex transactions and overseas ATM withdrawals, as well as PoS usage overseas by customers.

A top official of Deposit Money Bank, who spoke on the condition of anonymity, told our correspondent on Sunday, “We have to stop the services. Formerly, we were sourcing forex at high prices and we were selling same to customers at similarly high prices. But the situation is now tense; the dollar scarcity has assumed a new dimension.

“This is coupled with the fact that some bank customers are using the platforms to do round-tripping. It is high time we stopped it.”

The decision by some banks to suspend overseas ATM card services and online forex transactions came barely one week after the CBN, through the Bankers’ Committee, raised concerns about what it called the indiscriminate and suspicious manner in which some bank customers were spending dollars and other foreign currencies abroad through their naira debit cards.

Consequently, the regulator said it had concluded that bank customers who spent above the $50,000 annual forex limit it imposed would be barred from the nation’s forex market.

The Director, Banking Supervision, CBN, Mrs. Tokunbo Martins, stated this after the 329th Bankers’ Committee meeting held at the apex bank’s office in Lagos on Wednesday.

She said, “In the CBN’s move to manage the demand for forex, there was a rule that was put in place that people were not allowed to withdraw more than $50,000 annually on their naira debit cards.

“For a while, the policy has been abused by bank customers, and the CBN has not taken any step to that effect. We have decided to take the step now to enforce the rule. So, we want members of the public to remember that that rule is in place.

“All your accounts are linked to a particular Bank Verification Number. Now, that the BVN only allows you to withdraw only $50,000 per annum, if people continue to breach that rule, they will lose access to forex market.”

Dollar scarcity has been ravaging the economy after the price of crude oil, Nigeria’s main forex earner.

It crashed from $110 per barrel to around $44 per barrel from June 2014.

The nation’s foreign exchange reserves have been depleting since then.

On Wednesday, the country’s external reserves hit an 11-year low of $24.21bn, the latest data posted on the CBN website showed.

This means a limited amount of dollars will be available at the official interbank spot market, fuelling concerns over another round of depreciation of the naira.

The foreign exchange reserves fell by $600m in two weeks before shedding $1bn in four weeks, the CBN statistics showed.

An expert at Ernst and Young, Mr. Bisi Sanda, lamented on the dollar pressure on the economy.

He said the Federal Government needed political will to address the issues fuelling dollar scarcity on the economy.

He said, “The issue of dollar is very important to the economy. It is predicated on the fact that we are a dollar-denominated economy. It appears the government is still begging issues as far as the import-dependent state of our economy is concerned.

“We need to fix issues, we need to go back to the drawing board. The CBN said between 2010 and 2016, a total of $11bn was sold to the Bureaux De Change annually. We need to plug leakages in this area.”


http://punchng.com/dollar-scarcity-banks-suspend-atm-card-usage-abroad/

Copyright PUNCH. Cc - lalasticlala

This house has been used in the Nigerian comedy show Jenifa's diary several times

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‎For sale 

Fenced Plot measuring #950sqm with an uncompleted building on it  and a solid  foundation that can carry 3 floors.

Location - Iyanu Oluwa street, Unity Estate , Iba Town, close to Saint Augustine  Catholic Church , off LASU - Igando road, Lagos.

Access road is paved with inter locking stones.

Title - Deed Of assignment, family receipt, survey plan

Price - #30m (negotiable)

Contact - 07032720592 , 08066696890 

www.buyinlagos.com 

www.cordell-charlton.com.

Still available

Www.cordell-charlton.com

Land opportunity!

A corporate client is selling 6 plots of sand-filled land Off Mobil road , you can access from Mobil road at illaje, just before the new Ajah Bridge  or the right turn immediately after Mega Chicken, Ikota

Land was sandfilled in 2015.

Land size- #650sqm per plot

Shares fence with new development of Megamound ( Lekki County homes).

Price : N26,500,000.00k per plot. (negotiable)

Title: Lagos State Certificate of Occupancy ( C of O) .

For inspection - ‎Contact - , 08066696890

Still available

Still in the market

Ibeju lekki is the next big thing. Watch this no holds barred interview of the CEO of EUC Homes.


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