₦airaland Forum

freecocoa: So being African is now an excuse for f00lishness?

Kobojunkie: As revealed to him by a prophet? I think that is stupid. Ordinarily, I would say that Parental consent does not necessarily protect a marriage from infidelity, divorce and all the other problems that many marriages suffer. However, since a prophet is involved, I would suggest that your friend get his head checked, and fast.

youngies: A survey by the National Bureau of Statistics (NBS) has revealed that 75.1 per cent of Nigerians are opposed to the currency restructuring by the Central Bank of Nigeria (CBN) which will lead to the introduction of the N5’000 note and the conversion of lesser bills to coins.

According to the poll conducted by the NBS, only 16.1 per cent of the Nigerian populace are in strong support of the CBN policy while 4.04 and 4.62 per cent were partially in support and against the currency restructuring policy respectively.

The proposal to introduce the larger bill and convert the N20, N10 and N5 bills into coins has generated a lot of controversy with many groups issuing statements against the CBN initiative.

However, the CBN says it will introduce the new note and coins come 2013 despite the opposition the policy is receiving.

The unyielding stand of the CBN may not be unconnected to the full support given to the policy by both the federal and state governments. The policy has also received the approval and backing of the presidency.

Nigeria’s Economic Management Team also believes that the move will help drive the country’s economy and discourage the high demand for the US dollar, saying the N5,000 bill will only be for banks and a few “heavy cash users”.
Who are they? Bankole, Farook and co.

But many are of the view that the new policy will engender corruption, fuel inflation and negate the “cashless” policy of the CBN, which was designed to promote the use of non-cash transaction instruments.

FBN Capital Limited, in its bulletin just released, had noted that “some opposition can be attributed to a generalised lack of trust in any official measure with economic or financial implications”.

On the cost of managing cash, FBN Capital said, “We note the high, but falling, cost of currency management. Over N125 billion was spent in the past three years printing and minting currency. If this move goes through, we expect to see significant savings made, as the new currency note becomes easier to carry and manage.
This shows SLS has a bad intention for this country! Don't ask why, because why. He's encouraging Money laundering.

“We are also of the view that there is no proven evidence of a correlation between inflation and higher currency denominations. Inflation as we know it is fuelled by too much money chasing fewer goods.

http://leadership.ng/nga/articles/34835/2012/09/14/75_nigerians_oppose_n5000_note_nbs.html

van bonattel: It is possible, but then again, do you totally trust your wife? Just asking.

basisop: Oga, GTBank has e-banking centres like a normal branch.

Ogbonaikenna: Ours is 15k+.

Billyonaire: You sound like you visited all EU countries....this is not funny. Dont tell me you read in google.

Ayomax: dnt mind tht fat fool. na curve 2 da goat dey use, thk God for mtn pulse free 10mb in his life.

vislabraye: Our soldiers can be anything but coward. They're the best fighting msachines in Africa.
American soldiers are not necessarily better than ours, they're more equipped.
I don't support the violence though.

Chokolee: 18+ jokes re not allowed any longer...dont u check rules b4 using threads??

Super1759: I said it in other tread that naija will start theirs soon and bokoharam will have another reason to execute another act.
Nawa for these people. I thought they said islam a religion of peace?

Aringon: Let me school you guys on this topic, when any EXIM BANK anywhere in the world finances your project be it private or public projects, they wont give you cash, instead they will convert than loan to supplying the materials, machines that will be used for the project. Like this projects financed by Chinese Exim bank, they Chinese will be the manufacturers of the materials and the rails that will be used for the projects

berem: if what you said is true,I think its a nice idea by the chinese government.these our leaders can't be trusted at all.smh

Adanyebe: Busted indeed, why the poor scammer no just wan manage de garri and palm kernel wey him get to chop? wey him come decide take advantage of the jobless situation for this we contry...