₦airaland Forum

abdulwastecx:
happy birthday clueless jonathan may you organized a free and fair election come 2015. ..we really need you badly out of aso rock come 2015. sai buhari - fashola

Rikidony:
Nigerian troops have recently been fielding attacks against the
Boko Haram sect in some town in Adamawa.

The pictures below of the troops’ activities in Gombi, Pelia, And
Hong , were circulated through a press release from the Nigerian
military, Saharareporters have provided.

The operation, which has been described as “Operation No Mercy
Against Terrorists,” have been aimed at bringing an end to terrorism
in the state.

See full press release and pictures below;

The pictures here are from the military operations in Gombi, Pelia
and Hong in Adamawa State, where the Nigerian troops mercilessly
dealt with the terrorists with the recovery of the towns as well as
their destroyed vehicles, hideouts, weapons and ammunitions. While
some of the terrorists have been captured alive others were killed in
the operation.
The Nigerian troops too could be seen in action.
The ongoing military operations in the North-Eastern Nigeria is to
clear all areas infested by terrorists.

Mopping up exercise is ongoing in the areas while the troops are
moving to other communities in what a top security officer
described as ‘Operation No Mercy against Terrorists.” A couple of days ago, it was reported that the Federal Government
extended the state of emergency declared in the three north-eastern
states Adamawa, Yobe and Borno, worst hit by Boko Haram violence.

Meanwhile Chief Edwin Clark and other elders under the aegis of
Congress for Equality and Change (CEC) have called the President
Jonathan to sack some of the governors of Adamawa, Yobe and
Borno States .

http://www.naij.com/327824-nigerian-military-in-action-in-adamawa-towns.html

JbravoAdodger:
Actually.. It was NASA from the good ol US of A that landed it.... Give unto ceasar!!!

lozairio:
1. Chelsea Handler
Chelsea Handler might have broken the internet, even more so
than Kim Kardashian tried to do when she posted a side-by-
side photo of her own rear end next to Kardashian’s photo on
Instagram. The photo comes at a time after Instagram recently
deleted a topless image of the comedian, saying that she broke
the “Terms of Service” by posting nudity. Handler wrote on
this image, “Can you believe more than two a*ses can fit on
one screen? guess which one’s real. your move, Instagram.”

NgeneUkwenu:
LAGOS—The fortunes of the national currency, the Naira took a sharp turn downwards yesterday as it fell by 270 kobo, with the parallel market exchange rate rising to N180 per dollar from N177.3 on Monday.
Since the beginning of the month, the Naira has fallen against the US dollar by N7.9 at the interbank market, and N10 at the parallel market.
Interbank and parallel market operators attributed this sharp depreciation to restrictions introduced by the CBN to curb foreign exchange demand at the official market. Falling crude oil prices, coupled with depleting Excess Crude Account has triggered palpable anxiety about the value of the Naira. Stocks have also been hit as a result.

Emefiele
On October 28, in addition to a 10-kobo margin limit imposed on intervention dollars, the CBN banned banks from selling dollars to Bureaux de Change (BDCs). Furthermore, on November 6th, the CBN excluded importation of six items from official foreign exchange, saying it would no longer sell official forex for their importation. The items included electronics, finished products, information technology, generators, telecommunication equipment and invisible transactions. According to the apex bank, the items would henceforth be funded from the interbank foreign exchange market only.
Thus, the apex bank unwittingly shifted forex demand for importation of the six items from the official market to the interbank market.
The two restrictions combined triggered sharp increase in demand for forex in the interbank market, and scarcity of dollars in the parallel market. Though the CBN was selling intervention dollars to banks, banks could trade with the dollars because of the 10 kobo limit. This, according to a foreign exchange dealer created a scarcity situation in interbank and the subsequent steady depreciation of the naira.
Why CBN imposed restrictions
The restrictions were imposed to stem the persistent decline in the nation’s external reserves following continued decline in price of crude oil. Within three months, the price of crude oil fell from $100 per barrel to $78 per barrel.
The sharp decline in crude oil prices occasioned apprehension among foreign investors, who believe that with decline in revenue from crude oil, and the CBN using the reserves to defend the Naira, it would not be long before the Naira suffered sharp depreciation. Hence they moved their money out of the country by divesting from the nation’s stock market and FGN bonds.
Scarcity of dollars behind Naira’s fall
Acting President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe in a conversation with Vanguard said the depreciation was due to scarcity of dollars in the market. He said most of the banks are not selling dollars to BDCs, thus worsening scarcity in the market.
This was corroborated by Managing Director/Chief Executive, HJ Trust BDC, Mr. Harrison Owoh. He said that parallel market rate rose from N177.3 to N180 per dollar because there is no dollar in the market. He said the banks are not selling to BDCs, and the two banks that sold, sold at N179 per dollar and N178.4 per dollar respectively. He added that depreciation of the Naira is not limited to the dollar, adding that it has been depreciating against the Euro and Pound Sterling in recent times too. He said the exchange rate of the Euro has risen to N220 from N117 last week. Owoh said that the market is overwhelmed with uncertainty about the exchange rate.
“In fact, we don’t know what the rate of the dollar is now”, he said.
Hoarding
However, Vanguard investigations reveal that increasing scarcity in the market has prompted operators to resort to hoarding whatever foreign currency in their possession. It was gathered that BDCs that bought dollars from the CBN at N157 per dollar last week hoarded them, only to sell this week at N179/N180 per dollar.
CBN bows to banks
The Central Bank of Nigeria (CBN) yesterday bowed to banks’ demand for the removal of the 10 kobo margin limit imposed on intervention dollars.
Meanwhile, the Naira depreciated to N180 to the dollar at the parallel market in response to scarcity of dollars in the market.
Intervention dollars
Further probes by Vanguard reveal that at a meeting between the CBN and chief executives of banks yesterday, the CBN agreed to remove the 10 kobo margin limit imposed three weeks ago on intervention dollars.
Intervention dollars are dollars sold directly to banks by the CBN to stabilise the exchange rate of the Naira in the interbank market.
“Funds purchased through the CBN interventions should be utilised within two working days of delivery at a rate not more than 10 kobo above purchase rate. Consequently, intervention funds not utilised within two working days of delivery should be returned to CBN at the original purchase rate”, the CBN said in a circular signed by Mr. I.O Gbadamosi, Director, Trade and Exchange Department.
The limit however made the intervention dollars unattractive to banks and as a result they stopped purchasing the dollars from the CBN.
Investigation further revealed that the banks deliberately shunned CBN’s request for the foreign exchange quotes or offer to sell intervention dollars.
This however frustrated efforts of the apex bank to curtail depreciation of the Naira in the interbank foreign exchange market, leading to N7.45 depreciation of the national currency last week.
To arrest this development, the apex bank called a meeting of chief executives of banks yesterday to discuss recent developments in the foreign exchange market and its effort to stabilise the exchange rate.
Vanguard reliably gathered that the bank CEOs made it clear to the apex bank the 10 kobo margin limit has to go for banks to purchase the intervention dollars.
While the meeting was in progress, the Naira continued to fall at the interbank market, with the interbank exchange rate rising to N177.3 per dollar by mid-day. It was gathered that this development and fears that the interbank exchange rate could hit N180 per dollar before the close of business yesterday prompted the CBN to accede to the request of the banks for the removal of the 10 kobo limit.
A senior foreign exchange dealer, who confirmed this development to Vanguard, said the decision to remove the limit was communicated to banks via the Reuters trading platform. In addition, the CBN and the bank captains agreed that the apex bank would continue to intervene in the interbank market.
Furthermore, the apex bank hurriedly sold intervention dollars to the banks, to arrest the free fall of the Naira in the interbank market. The move proved effective, as the interbank rate dropped sharply to N170 per dollar, before rising to close at N173.25.
Naira would continue free fall
According to Harrison Owoh, except the CBN increases dollar sale to BDCs, or allow banks to sell intervention dollars to them, the Naira would continue to depreciate in the parallel market.
“The $15,000 sold to each BDCs is inadequate to address the scarcity in the market. Once the CBN increases dollar supply to BDCs, the parallel market rate would fall significantly”, he said.
A senior foreign exchange dealer who spoke on anonymity however said the though the CBN would try to manage the situation, it is obvious that it would have to devalue the Naira very soon. He said there are increasing fears among foreign exchange dealers that the CBN surprise the market with a N15 depreciation of the naira at the official market. He said banks are already advising their customers who have dollar liabilities to move them into Naira to avoid the severe impact of a sharp devaluation of the naira.
But a former CBN Director who confided in Vanguard said that the CBN can avoid a sharp devaluation by adopting some measures. “To put a small halt to the sliding Naira, CBN should allow the market operate, since it operates RDAS, which is a post mortem fixing rate process. Secondly it should use moral suasion to manage supply by encouraging dollar earning parastatals to support the market.”

http://www.vanguardngr.com/2014/11/naira-free-fall-dollar/

Rexxie:
Whatever..Nigerians still got confidence in Goodluck Jonathan.

BlackTechnology:
The North opposed state police only plateau jona jang demanded vigorously for it

BlackTechnology:
What if BH tactically withdrew in order to make the group seem strong so as to cause the Nigerian security to seek his services only for him to turn around and sabotage the nations military after gaining their trust


Don't forget the North opposed state police only for them to turn around to support vigilante service


Don't you think its suspicious

pat077:
ok. I thought it only work 4 mtk devices.

Princecalm:
you missed my point. Am in no way saying Gadaffi never did good things for his people but it is also crystal clear that he also did wrong things.

pat077:
can you change dat of samsung too?

yahaya1:
are you in Abuja and know How to change imei number of android to that of blackberry? do me a favour and contact me. yahayashaibu99@gmail.com

nwanna89:
Noticed a lot of army checkpoints and patrols within abuja town in places we usually dont see them. Anyone else notice this? Is there something we dont know about?

Chukwugekwu:
actually. .. I would have vote for your boko haram APC who doesn't have a good plan for their people. .......and sure that you must be a boko haram .........what has the innocent school boys has done to kill them all .....All in name of boko haram ....fools

jide53:
The Nigerian Chief of Army Staff, Kenneth Minimah, has sworn to eject Boko Haram insurgents and reclaim all territories currently under the Islamic terrorist group in Nigeria.
Source: http://www..com.ng/index.php/national-news/item/1307-army-vows-to-eject-boko-haram-reclaim-territories-lost

Chukwugekwu:
And yet northern they are not providing anything to to their country .... why don't them make their tomatoes and beans , cows to be national production and they keep on pumping oil to their states ..... I believe that northern wanted to destroy Nigeria because they are not providing anything ........ .yet they are desperate to get power back to finish us where they stop. .... After ruling us 39 years. ......shame. ......GEJ till 2019

Lurcky:
Bros I can't believe you are saying this o.
How can you call that a cheap victory.
Hmmm

Fantasywrita:
During the time Gaddaffi was killed, I had little to no knowledge about him nor the country, even now I still don't.

But curiosity took the better of me today, I was idle and i just remembered him and how he was killed like a chicken in the street of his own country. So I googled.... why was Gaddafi killed..

I searched and to be honest all i saw was articles... comments disapproving the killing of this man! I don't still know why he was killed.

And did his killing help Libya?

Talkcentral:
[img]https://3.bp..com/-t9JgwrIpnNY/VGRDcDDkCGI/AAAAAAABOXo/4izqNlOMJr0/s400/Boko%2BHaram%2BSHEKAU%2B2.jpg[/img]

October 17th, the Jonathan-led Nigerian government suddenly announced a ceasefire deal with the Boko Haram terrorist group. This announcement was carelessly welcomed by much of the global community who still perhaps and out of desperation, hoped that peace could be miraculously delivered by the Goodluck administration after six years of consistent bloody failure.

The President of Chad, Idriss Deby, a two decade dictator and military war lord with exhibited links to the terrorist group and a Nigerian ex-governor implicated as a terror sponsor, Senator Ali Modu Sheriff were allegedly behind this 12th hour, pre re-election campaign, ceasefire deal initiated at a private meeting held in N’Djamena this September, with the duo and Nigeria’s President in attendance. With hopes raised, after initially denying the connection, the Nigerian government admitted to this purpose of the meeting.
It is now painfully known that the so-called ceasefire deal was a mere ploy to allow Boko Haram gain the upper hand and devastate and conquer large chunks of the nation’s helpless northeast. While the Jonathan-led Nigerian government’s army, under the command of the defense chief, Air Marshal Alex Badeh who had just promised to equip civilians in the northeast to defend themselves and finish off Boko Haram, rather ordered the army to stand down; Boko Haram regrouped, re-equipped and swept across the northeast adding the top half of Adamawa state to their enlarging new independent ‘country.’

[img]https://1.bp..com/-h0MkKYoVVNU/VGRDdPgjMhI/AAAAAAABOXw/mJSFMj4akDY/s400/boko-sibling2.jpg[/img]

Hundreds of thousands of Nigerians were affected, with thousands displaced or enslaved and thousands more killed. The French were said to also be party to this fraudulent peace-deal.

The Nigerian government is yet to officially declare the unilateral declaration of a cessation of fire, over. The Jonathan government is yet to explain to Nigeria and the World how and why they made such a monumental blunder if it can be so mildly put. And no top official has been resigned for their responsibility in such a high level security failure with devastating effects to the sovereignty and security of Nigeria and protection of life, property and territory of the people.

This lack of admittance and responsibility for such “error,” weeks after its fruitation has been bitterly experienced in lives and hope losses for thousands, indicts the Nigerian President once again, for unacceptable incompetence, carelessness, nonchalance and reckless irresponsibility. Rather than apologize and retire those culpable, the Nigerian President was spotted Tuesday declaring his intention to run for a further four years in Aso rock onto of the eight he has already spent at the apex of power.

The implications of Nigeria’s recent error in the war on terror are frightening. Boko Haram has now thoroughly embedded within towns and local governments across the northeast. They have secured years worth of food and supplies and stolen trailer loads of explosives from a cement factory in addition to obtaining heaps of new ammunition and military vehicles from barracks’ they captured.

Boko Haram is not invincible by any means but, the process of dislodging the urban embedded terrorists is now going to be long, hard and devastating. If Boko Haram is ever to be expelled, bombs will drop like rain across Borno, Adamawa, Yobe and whatever new States they have captured by the time sensible action is initiated. Millions of Nigerians will die or be at risk of death. Life and the economy of the entire northeast will be all but extinguished. It is a sad day for anyone who understands the situation update courtesy of this ceasefire blunder and has empathy on the people of the north and nation.

We are talking of a war like has been in Afghanistan, Syria; like was used to defeat Gaddafi and destroy Libya. The type of war in Iraq. Every day that passes with continued government inaction takes Nigeria closer to either permanently losing its territory to the new Boko Haram terror nation to be annexed perhaps by its friends in francophone Chad, or to a recovery war that will leave millions dead and at risk of death.


>>>http://www..com.ng/wp-admin/post-new.php

emmanuel4758:
if I may ask
why obiano is using his own created force in anambra ,if this is illegal senate would have sanction him for failing the constitution ,why is it in every governor manifesto that security is first priority are they crazy knowing is federal work still put it there,why did oshomole use his own force combined with federal police to give his people maximum security and this is APC state?why did akpabio said security can never be his state challenge cus every of it force is well trained his force is not police but they are working with international ally for training ?why would you elect a governor?why is local. govt use police in. every of it affair etc a local govt can deploy police to any location within it region but why do we brain federal govt is fed and state not elected by us?why. did we put all blame on far govt instead of our. grass root govt ?

akpanoka:
Am just asking, since it is fast becoming a trend.

Each time Gej wants to receive PDP returnees or attend a declaration, bomb goes off.

Marily recently alluded to same fact.

So, are they against tommorrow's event? But why?

emmanuel4758:
in our constitution a governor have legal right to secure his state with federal police governor can create his own security men as obiano is doing now ,governor is voted to protect interest of people in the state if governor can't secure his state why was he being elected at the first place?in many governor mandate like governor of Kaduna he said vote for me I will provide security to the state what does that mean ?in IMO rochas said the same in anambra obiano said security is first thing he will do if he won he will secure the live and property of the people so what are you talking about

emmanuel4758:
is u.s.a Democracy different from our own?
when bomb blast Boston Republican govt give
Obama idea on how to capture the culprit the
people of the country blame state govt for not
putting much security in place doing the
marathon but in Nigeria democracy when bomb
blast in kano APC accuse Jonathan ,governor of
the same state accuse Jonathan ,even mass accuse
Jonathan is this how Democratic govt have to be?
why should APC in there own state accuse
President nawaoo in USA Republican state will like
to show outstanding in every affair so that people
will believe in them even voting for them .but
what is work of state government?
I thought they were elected can't they protect
those that elect them?
what is work of President in Democratic nation?
are they not the one that support the state when
situation is going out of hand?
why is obiano first focus is to protect the life of
people who vote for him and that attract much
investors .
in USA President always focus on threat between
foreign countries and support state if there is any
internal security chalange in abs news they accuse
new York state govt for not putting Ebola team in
alert in Nigeria APC accuse President gej for not
putting facility in place? is this how democracy
suppose to be ?

VOICEOFTHEMASES:
"if President GEJ rigs himself back into office in 2015, it may very well mark the end of this country.” Junaid Mohammed

Hmmmm seriously I have tried my possible best not to see politics from a regional point of view because as a person I have got lots of wonderful friends from all over Nigeria. My very good friend Ibrahim Muhammad is here on my page,we met during NYSC, he is such a great guy. ALH Kabiru also is one hell of a guy I met during my service year, infact I still have the wristwatch he bought for me when he went to Mecca. Nice guys I tell you and I tell you these are the kinda guys I want to be calling brothers when we meet in foreign soil. But seriously I think these young friends of mine needs to call their fathers to order because a particular madness has entered their heads that makes them feel we still live in the 19BC.

The north has ruled this country more than any other region and the next 4years GEJ will lead Nigeria will not make the north go into extinction. Northern elders have been threatening WAR WAR should GEJ run. I want to bring to the notice of these old men that no part of Nigeria has monopoly of violence over another .

I VOM has been praying for this so called marriage Nigeria to break up long time ago because I still see no benefit from the so called union but God who knows more than we all do has been keeping us together. So let no old man from the north come and shout war as if others are afraid to fight.

GEJ has done more for the north than he has done for the south where he comes from also GEJ government has done more in 3years for the whole north than the 38yrs a northern has ruled Nigeria.

So to Mr Junaid Mohammed who has declared war should GEJ wins, we say no shaking bring it on and see if boko haram fight in the north east will not look like a childs play mtchewww.

President Goodluck jonathan will rule this country till Lord Luggard come and correct the mistake he made in 1914.

VOM