₦airaland Forum

Bennypips:
This is definitely not so when you are doing arbitrage.
I will hold you by the hand and teach you how to make 50k to 100k in profit per day by doing arbitrage, where you buy dollar at the rate of N470 or N500 per dollar and sell at black market rate of N740. With the capital of about 100k you are good to go and l can guarantee that you will make nothing less than 50k in profit in less than 24hrs and the best part is, you will be the one generating this profit yourself after I put you through.
But the truth is I charge for it.ln the end l bet that you will thank me later for the info.lf interested chat me up on sero, eight one,five eight sero, thirty,568

Pclemenza:
Have you written the test, if yes, how was it?

olasaad:
Chef Dammy GWR

olamilarks:
The fastest way to get a salary increase and faster career growth in Nigeria is by job hopping. Loyalty doesn't pay

HOW THE NIGERIAN BANKING SYSTEM IS KILLING EMPLOYEE LOYALTY.

I was at the bank last week to complete a pending transaction that has lingered for two weeks because my account officer has been changed Three times in just one year. NO, they didn't "Japa" they have simply moved to another bank in search of promotion. With the hike in commodity price, removal of subsidy and now increase in Electricity tariff I do not blame the staffs for moving to get the next grade.

The Nigerian banking industry—a system that unfortunately rewards employees who jump from bank to bank in search of faster promotions, rather than recognizing the value of loyalty and commitment.

The average duration for an employee to progress to the next grade within a single bank is around four years. However, the situation drastically changes when individuals decide to move between banks. Shockingly, they can achieve promotions every six months by hopping from one institution to another.
When I was in the banking industry, I personally spent 3 years on a grade before getting promoted and I was considered to be a superstar as this was slightly faster than the industry average. Meanwhile, my friends at the Big4 got promoted three times during the same period.

We must consider the adverse consequences of this practice.
Why is Employee loyalty important?
- Employees no longer invest enough time or effort in acquiring in-depth knowledge of the products and services offered by the bank. As a result, customers are left with unanswered questions, inefficient service, and a diminished level of trust.
- Lack of loyalty can hinder the development of long-term relationships between employees and customers. Job hopping disrupts this bond, making it harder to establish strong connections and understand customer needs.
- It is cheaper to retain an employee than employ a new one.
-The culture of rewarding job hopping creates an environment where employees are constantly focused on their next career move. This mentality can undermine teamwork, collaboration, and the sharing of knowledge and experiences among colleagues.

To address this issue, it is crucial for Nigerian banks to reevaluate their reward systems and place a stronger emphasis on rewarding loyalty, commitment, and skill development.

In a nutshell, Dear banks please promote your performing staffs and review salary constantly as it makes no sense to be paying staff the same salary range for 10 years when the economy has experienced a cumulative 85% inflation over the years.

Let us come together as professionals and bring back corporate loyalty, this issue cut across other industries as well. By addressing this flaw in the system and promoting a more balanced and sustainable approach to career advancement, we can ensure better service delivery, enhanced customer satisfaction, and ultimately, the growth and prosperity of the industry as a whole.
written by Olabode Ifeanyi

Victor2707:
You are a dick driven idiot.

10 major implications of Naira exchange rates unification

With the Nigerian Naira now exchanging in the official forex market at market determined rates, a significant market distortion has been removed. Expectedly this will come with both positive and negative implications.

The major impacts will include:

1. Significant rise in government debt in naira terms by about N12 trillion to N90 trillion i.e. external debt of $42bn will increase by the difference between the old and new rates.

2. As a result of the above, debt to GDP ratio will increase by about 5%

3. There will be a corresponding increase in debt service cost with respect to foreign debt service

4. Government’s revenue will increase in naira terms resulting in a higher tax/revenue to GDP ratio. Corporate tax collection may however decline as many businesses crystallize forex losses due to the higher exchange rate.

5. Possible reduction in budget deficit if government’s forex revenue exceeds foreign currency obligations, an increase in budget deficit will arise if otherwise

6. Possible impact on the pump price of petrol which could inch closer to the current pump price of diesel

7. There should be some cost savings as government discontinues with the various fx interventions e.g. Naira4Dollar, RT200 etc which cost tens of billions of naira

8. The country will attract fx inflows especially from portfolio investors, FDI and exporters proceeds. Impact on diaspora remittances would be marginal.

9. The capital market will benefit as it is likely to appreciate further as foreign investors take position

10. There should be negligible impact on the general prices of goods and services as products already factored in parallel market rates to a large extent.

Overall, this is a positive move. However, the government needs to manage the dynamics to restore confidence. The backlog of forex demands need to be addressed and government should be ready to supply forex to stabilise the exchange rate in the short term.

Stop the demand for certain taxes and levies in foreign currency, it creates unnecessary fx demand without adding to supply.

Also relax capital control and administrative bottlenecks including unbanning the list of items prohibited for fx (and complement with higher import duties), remove the need for certificate of capital importation etc to prevent the parallel market rate from simply moving further away from the official market rate.

The aggregate demand for fx across markets should reduce as round-tripping incentive is removed, for instance people who fake foreign travels just to get fx at discounted rates. Also, Nigeria's sovereign credit rating should improve if this is complemented with the right fiscal and monetary policies thereby attracting more fx inflows and lowering the cost of borrowing.

Lastpharoah33:
A random dude in this nairaland credited me N100,000 to kickstart a business project, this happened 3months ago.

Nigerians will come to your aid once you are honest enough with them and yourself.

God bless you, Mr anonymous.

imagrg:
If his preek is as big as a baby's leg.

siofra:
Very wrong. You have no idea about the HUGE number of Nigerian women choosing to stay single in 2023 than deal with men. You truly have no frigging idea.

Ways a man can prove his love without using money

Ladies teach them?

MANAGER92:
I’m Adebowale by name, a Muslim and the only male child of my family I’m looking for a young lady who is beautiful, working and caring for marital life beep me on WhatsApp 08105781625

fcbelle72:
hmmm... I will still chose an individual ride, or a public transport ,

COLDMIND:
I have a Ford Bus that was sent to me by my brother in-law in Germany to be sold in Lagos, but it's taking longer time to find a buyer, now my brother in-law has decided that we put the bus into business use. Please I need serious advice on what transport business I can go into apart from d regular road transport business. I want an idea that is quite different and lucrative... thank you

fcbelle72:
... Because God has been protecting you, you think it's by your over wiseness
The way innocent minded people are using , na so evil minded people will try to use it for their evil agenda

Slimdan360:
I have been following the development of this app and I'm really pleased to see the progress so far, please, invest a lot on advertisement, like your adverts should be aggressive. Try to place ads on tv stations like channels TV and the likes.
I hope this beautiful invention of yours exceeds your expectations.

SKIBiNSKI:
I still would not share my ride with Naizoorians. continue with your enter keke and buses daily. Good luck!

fcbelle72:
Make kidnappers no arrange ride, and innocent person go join, omo, na you carry ur two left legs, enter trip

Ayruku:
Details on payment is also very important.
No time to dey waste send CV on jobs that does not worth it.

zumbigbo:
Will not work in Naija....criminals will take over

francotunsco:
What a subtle way of stocking paid advert down our throat! Well-done Nairaland!

The information is enriching anyways.

Charpell:
How much does it cost to use the carpooling platform?
Driveinhud is free to use for both riders and drivers. We do not charge any commissions, drivers receive the full amount paid by riders. We believe in empowering drivers and allowing them to earn the maximum benefit from their services.

Are there any charges or fees associated with using the platform?
To cover operational costs and provide a sustainable service, there is a one-time payment of N500 to create a trip. However, the first four trips created by a user are free of charge as an introductory offer. This allows users to experience the benefits of carpooling without any initial financial commitment.

ezugegere:
A three year old cannot wash her private parts properly. You'll be dealing with infection...
Well, when you become a parent, you will understand the differences between theory and practical...

anthonyuncle:
high rate of unemployment has resulted to:

1. management bullying their employees.
it is generally believed in Nigeria that if you quit a job, you will be replaced before you get home.
this is due to the high number of unemployed people in the society.
this gives many employers the confidence to treat their employees as slaves.
not minding the effect of the job on one's health.

2.many job seekers not looking into the welfare part of their employment contract.
after months or years of being unemployed, being called for an interview alone is a testimony.
when offered the job, the excitement blinds many from taking a deep view of the contract.
even when some persons peruse the contract and see inhuman clauses, the fear of going back to be unemployed for months will prevent them from negotiating further or not taking the job.

it is what it is.