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Paraman's Posts

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PoliticsRe: Protest Against High Cost Of Living Spreads To Lagos by Paraman: 8:40am On Feb 11, 2024
Sucre6:
E be like them never give u general beating before, no body is smiling, if you go put body, you go over collect woto woto woto grin
I challenge una to block the third mainland bridge tomorrow, then you will know that not only the protesters are not smiling.

You can protest, but don't disturb other people with your protest
PoliticsRe: Igbos With Brain Should Come And Rescue This Country by Paraman: 8:38am On Feb 11, 2024
Let them first rescue the south east
PoliticsRe: Protest Against High Cost Of Living Spreads To Lagos by Paraman: 8:37am On Feb 11, 2024
jmoore:
One APC supporter Paraman who resides in Iragbiji was shouting when there were protests in the north. He warned the protesters not to bring the protest to Lagos.


It is delusion to think that any state is immune from TINUBULATION.
Anybody that use protest to disturb me on my way to work tomorrow morning will be fully dealt with by me.

People have the right to protest, but don't disturb me with your protest
BusinessRe: Can't Send Dollars To Nigeria Any More by Paraman: 9:41pm On Feb 10, 2024
grandstar:
Hx1x

Are you a stranger in Jerusalem?

I hate the policy as the banks may exchange it at the official rate which is daylight robbery.

I feel commercial banks alone shouldn't be the sole disbursers.
Commercial banks are not the sole disburser
PoliticsRe: Dr Alex Otti Flags Off The Construction Of 67km 2 lane road by Paraman: 7:47pm On Feb 10, 2024
DispatcherLagos:
How much is Sanwo ólu's portrait and perfume again?
#5
PoliticsOndo Senator Seeks Lower Tariffs On Imported Goods by Paraman(op): 7:46pm On Feb 10, 2024
The Senator representing Ondo North and a member of the Senate Committee on Customs and Excise, Olajide Ipinsagba, has called for a reduction in the tariffs on imported goods due to the rising exchange rate of the naira against major international currencies.

Tariffs, also known as customs duties, are taxes imposed on goods and services that cross international borders, typically levied by the government of the importing country.

Ipinsagba highlighted the need for this adjustment because of the difficulties faced by clearing agencies at terminal ports and the impact on Nigerians.

During a public hearing held by the Senate Committee on the Nigeria Customs Service, the Senator voiced concerns about the hardships Nigerians are enduring, particularly in light of the fuel subsidy removal and the naira’s fluctuation.

In a statement released by his media office in Abuja on Saturday, he emphasised the importance of the Nigeria Customs Service finding a middle ground to alleviate the consequences of high exchange rates on critical imported goods.

Ipinsagba argued that while the Customs may not control exchange rates, it should aim to balance the tariff percentages used in calculating customs duties to mitigate the economic strain on Nigerians.

He said, “We know that the NCS is not the cause of the high exchange rate. It was caused by the CBN policy. However, Nigerians are suffering and they are feeling the pain.

“I think the Customs should strike a balance to cushion the effects by reviewing the tariff percentage.

“If we look at the fact that we are going to pay much as a result of the exchange rate, can’t we work something around the tariff percentage that we use in calculating the amount payable as import duty?”

He noted that the delay in processing Pre-Arrival Assessment Report, and alleged that the malfunctioning of Customs equipment coupled with humongous charges and penalties were creating further hardship for Nigerians


The senator said all the encumbrances in the processes were often reflected in the cost of the imported products and would invariably affect the end users.

He charged the Comptroller-General of the NCS, Adewale Adeniyi, and his team to help bring succour to Nigerians due to the untold hardship being experienced in the land.

It will be recalled that the Senate panel, last week, said it will review upward, of the N5.079tn 2024 revenue target of the NCS from the second half of the year.

The Committee argued that the decision was to save the country from further borrowings.

The panel’s chairman, Senator Isah Jibrin stated this at a meeting with the top management of the revenue agency.

Jibrin had said, “First of all, Nigeria is saddled with a lot of debt obligations and we need to wriggle ourselves out of that trap and one of the ways to do that is internally generated revenue.

“Customs is one of the major providers of internally generated revenue and as it is today, we expect them to play one of the major roles in this drive to reduce our debt burden.

“We need to pay off what we owe now and minimize additional loans we are going to take.

“Customs is in a very good position, if they can block all perceived leakages, they should be able to generate a significant amount of income that will enable Nigeria to get out of debt, at least partially.”


https://punchng.com/ondo-senator-seeks-lower-tariffs-on-imported-goods/?amp
BusinessRe: Breaking News!!! Naira Depreciates To 1,800 To 1 Dollar by Paraman: 5:58pm On Feb 10, 2024
Vawulenciano:
My uncle living in Texas USA
sent my father 40 Dollars from USA.
I was sent to withdraw it.
And i tried change it today at black market and the reply was 1,800 to 1 US Dollar.
Though it favoured me that moment but It brings Nigeria to extreme more poverty.
This shows that cost of living Nationwide would become extra high.
Just end Nigeria already.
Please do.
Nigeria is evil.
Where did you change dollar to naira at that rate? You're lying if you can't mention the location
SportsRe: If You Have Never Been To Lagos , You Have Never Been To Africa- CAF President by Paraman: 5:56pm On Feb 10, 2024
I agree with the CAF president
PoliticsRe: Arthur Eze Bowing To Ebonyi State Governor by Paraman: 4:25pm On Feb 10, 2024
Ebubu2:
He said



https://x.com/francisnwifuru/status/1756016912109048119?s=46&t=ys-cZV4zkR89r8VbDR8jeg[/quote]There's no big deal, the governor is younger than him but he's in a position of authority.
PoliticsRe: Dr Alex Otti Flags Off The Construction Of 67km 2 lane road by Paraman: 3:13pm On Feb 10, 2024
Umuinyioku:
Are you a Lagos indigene?
Yes bro, I'm an Indigene of Lagos state. You don't have the right to interfere in Lagos state affairs cause you're not an Indigene of Lagos.
PoliticsRe: Nationwide Protests In Senegal As President Macky Sall Postpone Elections by Paraman: 3:11pm On Feb 10, 2024
The Senegalese parliament members that extended the tenure of President Macky Sall is filled with foolish people. Macky Sall must step down at the end of his tenure. He's not the only person who has what it takes to lead Senegal
BusinessRe: Can't Send Dollars To Nigeria Any More by Paraman: 11:59am On Feb 10, 2024
Lovit:
Can CBN also direct all schools, hotels and organizations in Nigeria hitherto accepting dollars only as a means of transaction or payments to immediately adopt Naira or close shop?
If you know of any school, organisation or hotel in Nigeria still charging in US dollars, kindly report to the EFCC.
PoliticsRe: Dr Alex Otti Flags Off The Construction Of 67km 2 lane road by Paraman: 11:34am On Feb 10, 2024
Umuinyioku:
You lack history.

We nose into Lagos politics because we are stakeholders. We live and pay our taxes regularly. Apart from partying, what do you do for Lagos?

Your mindset is dirty as that of Bayo Oyenuga who is ethnocentric. Even though he is not original Lagos protégy. He is a torn coat lagosian who came to appropriate the political heritage of Lagos in the name of Oduduwa.

The real lagosians are Bode George, Vivour, and many others who are true indigenes. Not impostors like you.

We are equal stakeholders in Lagos project.
You hypocrites are extremely funny grin

You don't want me to pokenose in Abia state affairs, but you want to pokenose into Lagos affairs... Dey play
BusinessRe: Totalenergies To Exit Nigerian Onshore Oil Business by Paraman: 11:00am On Feb 10, 2024
IrawoKross:
We will be waiting for your dad to make the first bid. grin
He will bid along side his wealthy friends.
PoliticsRe: Ban Of Foodstuff In North & How South Should Retaliate by Paraman: 10:59am On Feb 10, 2024
HardBishop:
Leave this southwesterners, they know who they'll cling to....... We SS and SE Don't know these SW. pls avoid them pls. In politics they love the north but in economics they pretend to be with the SS
wetin this one dey talk?
PoliticsRe: Dr Alex Otti Flags Off The Construction Of 67km 2 lane road by Paraman: 10:58am On Feb 10, 2024
Umuinyioku:
Your vision less campaigns won't derail his good works for Abia people.

Concentrate on your state where the citizens are protesting for food and hike in prices.

Leave Abia alone!
I will agree with you when you and your people stop pokenosing in Lagos affairs

My state is far ahead of Abia state were the people are celebrating construction of gutter in 2024
PoliticsRe: Western Union, Moneygram, Others To Pay Nigerians In Naira Instead Of Dollars by Paraman: 10:19am On Feb 10, 2024
So far they won't pay below the market price, I won't mind
PoliticsRe: Ban Of Foodstuff In North & How South Should Retaliate by Paraman: 10:16am On Feb 10, 2024
proeast:
I read that Niger state governor has banned sale of food produce in wholesale. This same governor once muted the idea of controlling proceeds of electricity generated from Kainji and Shiroro dams.

What right does a governor have to ban sale of foodstuffs in wholesale? Especially in a country facing food crises and other existential threats?!

For those who may not have deciphered, this obnoxious policy is targeted at Southerners! It is the height of wickedness to enjoy oil and gas proceeds from the South free of charge only to place embargo on sale of foods grown in your own area.


Nigeria is a free market and capitalist country and thus, people are supposed to be free to transact business within the country as they deem fit or profitable, as long as it’s legal. Food is already cheaper in the North due to proximity than South. So, is that advantage not good enough for them?

It’s time for oil and gas producing states to go for broke and demand full resource control. You can’t freely enjoy what comes from another man’s land only to enjoy what comes from yours alone. That’s pure wickedness and witchcraft!
During election there's no southern Nigeria but now, you have remember a southern Nigeria is existing.

Tueh!!
PoliticsRe: Dr Alex Otti Flags Off The Construction Of 67km 2 lane road by Paraman: 10:10am On Feb 10, 2024
Balemall:
And this is also the longest single road in recent times to be construed by a state governor
so you're saying this road is longer than the one Fubara flag off last year?
BusinessRe: Totalenergies To Exit Nigerian Onshore Oil Business by Paraman: 10:09am On Feb 10, 2024
Wealthy Nigerians will buy it
PoliticsRe: Dr Alex Otti Flags Off The Construction Of 67km 2 lane road by Paraman: 9:58am On Feb 10, 2024
Okwyjesus:
Enemy of goodnews from SE..That's is for feeding in all govt functions, it has been explained
List out the useless functions they were holding that lead to them spending close to #1 billion in feeding themselves in just 3 months.

If it happened in Lagos, you won't accept this dumb excuse.

He also spent #1.5 billion in buying two cars
PoliticsRe: Dr Alex Otti Flags Off The Construction Of 67km 2 lane road by Paraman: 9:06pm On Feb 09, 2024
Richtaiwo:
So this man bought 2 cars with 2billion Naira and Abians are okay with that
He also fed himself and cronies with close to #1 billion in just 3 month
PoliticsInternational Money Transfer Operators To Pay In Naira by Paraman(op): 9:05pm On Feb 09, 2024
Following the recent directive by the Central Bank of Nigeria, restricting the operations of International Money Transfer Operators to only inbound transfers, IMTOs have decided to halt dollar transfers to Nigerians.

The IMTOs said they will now only pay in naira.

In the recently published document addressed to IMTOs, on January 31, CBN ordered the operators not to facilitate money transfers from Nigeria to other countries.

The apex bank described the new directive as a move to “liberalise the foreign exchange market and ensure transparency.”

Despite a devaluation last year and a decision to float the Naira, the currency has witnessed even more volatility as the CBN attempts to clear forex backlogs worth about $7bn.

The old guidelines dated 6 September 2014 did not provide a clear definition of IMTOs. The definition was implied from the permissible activities that the operators could undertake however, under the New Guidelines, IMTOs are defined as companies approved by the CBN to facilitate the transfer of funds from individuals or entities residing abroad to recipients in Nigeria and the payment of a corresponding sum to a beneficiary through a clearing network to which the IMTO belongs.


However, under the revised guidelines, the IMTO services are now limited to inbound money transfer services alone. This means that IMTOs are only able to provide money transfer or remittance services from a foreign country into Nigeria.

The apex bank asked IMTOs to quote exchange rates for naira payout to beneficiaries based on the prevailing market rates at the nation’s official foreign exchange market.

In a bid to implement the CBN’s directive, One of the approved IMTOs, World Remit, has updated its app for Nigeria with the following instructions: WorldRemit Nigeria News! We can no longer support transfers in USD; only in Naira.

“If you’re about to send money to Nigeria, this is important. The Central Bank of Nigeria has directed that it’s no longer possible for any money transfers to be paid out in USD in Nigeria. So, of course, this includes WorldRemit money transfers.

“But please don’t worry. You can still enjoy the same quick, safe, and affordable World Remit service to Nigeria by sending money in Naira instead,” it stated.

Another operator, Sebdwave said, “In compliance with a recent directive from the Central Bank of Nigeria, we regret to inform you that Sendwave, along with all money transfer operators, is no longer able to support USD transfers to Nigeria. We’d encourage you to switch to sending Naira transfers instead.”


https://punchng.com/international-money-transfer-operators-to-pay-in-naira/?amp
PoliticsRe: Things Are Tough Everywhere - Felix Morka Defends Tinubu Over Cost Of Living by Paraman: 3:06pm On Feb 09, 2024
MrRichmond:
Putting someone in their place vs Crying up and down for mods to help you.

It's pretty easy to see which one is better. grin
I choose to keep on crying to the mods. I won't downgrade myself by exchanging insults with kids
PoliticsRe: Successful Nig bran In South Africa VS Successful South Africa Brand In Nigeria by Paraman: 2:23pm On Feb 09, 2024
BusinessRe: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Paraman: 2:20pm On Feb 09, 2024
CorrectionFLuid:
You're quoting a guy that said he has all the solutions to the FX crises. I asked him to go become CBN governor, he wan report me.
When did I claim to have to solution the FX crises? Hope you're not high sha?
BusinessRe: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by Paraman: 2:16pm On Feb 09, 2024
halmat:
And the corruption begins, again:
Importers go to CBN with their weird proposals.
CBN issues the USD for import purpose.
Importers go to BDC for exchange, convert USD to naira At black market rate.
BDC sells to highest bidder.

Importers go to CBN, with NGN
CBN issues USD for import.
importers go to BDC to exchange at black market rate.
BDC sells to highest bidder

Also, importers would likely buy directly from Diasporans, let Diasporans make the transaction on their behalf, then credit Diasporans with equivalent NGN.

This policy, like every other one:
Take away the benefits that they are receiving from the government.

So, for an average Nigerian to own FX he has to travel out, make FX and return back to Nigeria or will they say FX is contraband too?

Or

He goes to BDC.

An example is, many of FX transactions require relevant currency. How should average Nigerian provide that? Or the Nigerian government would accept NGN use the IMTO FX to change NGN to FX and fulfill the transaction?

This is a messy situation, and as an adult, we should always understand that what ever solution we are trying to provide depends on WHAT angle of the problem we are tackling.

I don’t think these guys are ready to tackle the problem from the people’s PoV.

This would drive the price higher in a very short period of time.

Reducing raw FX available, but there are FX transactions to be made. How do you make the transaction? Survival of the fittest: Know someone in the government, know a diasporan that needs NGN, have enough for BDC rate.
importers now bid for the dollars though the banks
PoliticsRe: Distant Relative Of Tinubu Burst Into Tears While Lamenting Tinubu Empty Promise by Paraman: 1:48pm On Feb 09, 2024
[quote author=Streetdoctor post=128369063][/quote]Is that your mommy? Hustle hard and take care of her so she will be able to eat fish
PoliticsRe: Successful Nig bran In South Africa VS Successful South Africa Brand In Nigeria by Paraman: 1:47pm On Feb 09, 2024
Biodun556:
(B) MOST SUCCESSFUL SOUTH AFRICAN BRANDS IN NIGERIA.


2. Shoprite
Shoprite is owned by a Nigerian
PoliticsRe: Distant Relative Of Tinubu Burst Into Tears While Lamenting Tinubu Empty Promise by Paraman: 1:44pm On Feb 09, 2024
Streetdoctor:
If u ask me na who I go ask? Ur mothers are already planing to beat up Tinubu u are here mentioning Dubai.
Your mother's are wailing on the street while you're wailing on social media
PoliticsRe: Things Are Tough Everywhere - Felix Morka Defends Tinubu Over Cost Of Living by Paraman: 1:43pm On Feb 09, 2024
MrRichmond:
must you cry for everything? You're a grown man, but you're out here calling for your mummy mynd to defend you.

If you no like wetin him talk, talk your own too like man. undecided
I won't be exchanging insults with kids online. I'm above you guys level.
PoliticsRe: Things Are Tough Everywhere - Felix Morka Defends Tinubu Over Cost Of Living by Paraman: 12:25pm On Feb 09, 2024
Calitoscassius:
My frend, just make your own comment, leave modes alone, they have more important issues to handle.
Direct your advise to the guy I reported.

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