₦airaland Forum

I am no one from Lagos center has gotten an sms yet. Because as at 10pm yesterday screening was still on. I finished mine 10pm

Scary how the people that had been screened are not giving us hints...

profdarkin:
. Pls help me to check dis name: Adeleye Adesoji

It's not there

Tbanton:
Wats d total final shortlist number per state?

The person say "no idea".

Good peoples that had been screened. Is the physical screening the same as the Police's where all they did was verify certificates and verify our heights, chest size, dentition...?
And secondly, if I am going from CMS, can I board a bus going to Falomo?
Thanks.

O boi, 2 of my classmates made the Osun list. Chai! Why didn't I apply again?

GenAnsahCinC:
men of little faith.

Nah! I'm confident and I believe I would be part of the selected, even if it's is going to be 10 per state.

belbol4real:
Pls, kindly help me check for 'Bello Oyebola Rukayat', thanks.

It's not there.

Fam, I hia say na 20 per state e go be o. And the number of applicants from Osun eh...no be small.

Please help me on how to get the EFCC office at Obafemi Awolowo, Ikoyi,Lagos from 7up Bus Stop or Ojota? As I will come in from Ilesa.

I downloaded the list and I have seen my name. But I think it would have been better if applicants were given specific screening dates.
Who knows the Lagos office of the Efcc please?

If I want to cash westie, how much banks go change dollar for me?

Please let this "send me past questions" thing go.

Lol. *shrugs I'm hopeful they will still invite us.
Nigerian Army, do and release list jare. I want to take part in the mop up operation.

Former nollywood sweetheart. Happy Birthday to her! MILF.

Boss13:
Nigeria is allowing its struggling currency, the naira, to trade freely in a move to tackle the financial crisis in Africa's most populous nation. Financial blogger Feyi Fawehinmi looks at how it will affect people's lives.

1. Petrol prices will remain stable
Refined petrol is Nigeria's single biggest import. The story of how an oil exporting nation has to import almost all of its refined products is well told.

According to the National Bureau of Statistics, refined petrol imports in the first three months of 2016 amounted to 226bn naira ($1.1bn, £791m) or 15.6% of the total imports.

Last month, petrol subsidies were removed and a new price band of 130 naira to 145 naira per litre was recommended by the government.

Petrol was in short supply this year until the petrol subsidy was removed last month
This new price assumed an exchange rate of 285 naira to $1, compared to the official rate of 199 naira to $1. Remarkably, Nigerians took this price rise with no more than a shrug and the attempt by labour unions to force a price reversal with strikes flopped spectacularly.

In the short term, the Central Bank of Nigeria (CBN) is likely to continue to be the main supplier of dollars to the market until foreign investors return.

With one eye on the petrol price, it is likely to kick start the market at a rate that keeps petrol prices stable i.e. somewhere below 285 naira to $1.

2. Still no imported tomatoes, rice - or tooth picks
In June last year, the CBN came up with a now infamous list of 41 items that would no longer be eligible for foreign exchange from official sources.

A tomato pest has wiped out much of the local crop and prices have rocketed. Items on the list ranged from Indian incense to private jets. Importing those items were not actually banned so since the list came into effect, anyone who wanted to import them had to source foreign exchange from the black market.

The CBN said last week that those 41 items remain ineligible to access forex at the new interbank market. You can still import toothpicks but you will have to source dollars from the black market to do so. Based on this, prices of those items are unlikely to be affected. This is a shame because Nigeria could do with some tomato imports right now after the tuta absoluta pest devastated harvests in northern Nigeria.

Nigerian palm oil producers have benefitted from the importation restrictions. Allowing rice imports wouldn't be a bad idea either given how rice prices have spiked in recent times. Rice importation has always worked on a quota system - those with political connections usually getting the right to import it. The current policy restricting the imports is tied to goals of national pride in achieving self-sufficiency. Given this, it is unlikely to be lifted.

Not everyone is unhappy about this list, though. The Nigerian palm oil producing company, Okomu Oil, posted a 98% increase in profits for 2015. Palm is of course on the list of 41 ineligible items.

3. Inflation should eventually fall
Latest figures from the National Bureau of Statistics show that inflation is rising steadily in Nigeria. Given how Nigeria is dependent on imports for a lot of basic items, a floating currency is likely to further increase prices, at least in the short-term.

In reality, however, the policy of rationing foreign exchange in the last one year meant that those who needed it the most hardly ever got it. President Muhammadu Buhari took office last year with a promise to boost employment. As such, even as the official rate remained stable at 199 naira to $1, prices of imported everyday goods have been reflecting black market exchange rates for a while now.

Nigerians have already endured the equivalent of a gut punch from soaring prices and are unlikely to be in the mood for any more. Further price increases might just force consumers to eliminate demand for some products altogether. A more stable and open foreign exchange regime should also eliminate a lot of the uncertainty that has been pushing up prices.

Given what has already happened in the last year, a floating naira, somewhat counter-intuitively, can be expected to start bringing down inflation.

4. Bad news for banks and businesses with forex loans
The CBN says that 10.1% of all the loans in Nigeria's banking system have gone bad. A lot of these loans are foreign currency loans extended to local oil and gas companies when crude oil prices were $100 per barrel. Between 2012 and 2014, an estimated $10bn was lent to local oil companies to purchase assets from foreign oil majors.

The oil and gas industry is Nigeria's main foreign exchange earner. Once the naira starts to float, banks will have to adjust the value of these loans on their books. In turn, the increased burden on the borrowers is likely to push more of them into bad loan territory. A couple of weeks ago, the Nigerian government bizarrely asked banks to stop sacking workers. More bad loans will almost certainly trigger more sackings.

It remains to be seen how the government will react to more sackings if and when they happen. Or perhaps the banks will use it as a bargaining tool to extract another round of bailouts from the government.

5. Foreign airlines will be back in business
Another effect of rationing foreign currency in the past year is that it has allowed a backlog of unmet demand for forex to steadily build up.
The CBN says this backlog is now at $4bn and will take four weeks to clear. Others say the backlog is at least double that amount.

Nigeria's elite has been forced to travel less because it has been difficult to get forex. Included in that backlog is the $600m owed to foreign airlines which has caused a number of them to either stop serving Nigeria entirely or put the route under review. If nothing else, this has been embarrassing for Nigeria and has drawn unflattering comparisons with Venezuela. Once that backlog is cleared, foreign airlines should continue their business as normal.

Of course, trapped funds are not their only worry - the economic situation has done its bit to dampen demand for foreign travel by Nigerians. Still, solving one of two problems is not a bad deal.

The verdict?
Ultimately, Nigerians have reason to hope that the worst of the last year is now over.
With a floating exchange rate, foreign investors can have more confidence in the country and Nigeria should see an uptick in the foreign investments it so desperately needs.

http://www.bbc.com/news/world-africa-36561237

Abeg, is this naira-floating thing a good news for yahoo boys or nah?

Lekewatt:
yes u need a second refree bt nt necessary any of d mentioned above. A local govt chairman/secretary may still do.(if u cant find an army/police.

No way I'm letting an LGA chairman in Osun sign. That's another N1500 + N100 transport fare & N200 to get his passport.

spartoo:
I paid #250 for each of them.. dats 5H

Chai! Shikini money. Here in Osun now they might say na N1500 I go pay.

I no go Church today, Ronaldo (Portugal cut my slip.

How much dem dey charge?

All these Maths wey una dey do for hia sef don taya person. Make this list drop make we know our level.

Ayooluwa25:
5k khe? Abeg which school be dhat? Paid just #500 for mine and it was ready same day.

@lekewatt 5k on top wetin na?!

Ayooluwa25, you getting the letter the same day you requested for it is surprising. I don't trust the people in that CSE department to do the same.

Lekewatt:
are u in lagos? I'm frm osun 2 bt cldn't find d last referal. I went to d liason office n d man dey do one kind.

No. I'm in Osun state.

Abeg, I will go with the attestation letter from my secondary school. Who I wan go meet for Lautech say I wan collect attestation letter? A Kan ma f'aye ni ara wa l'ara. Na d reason why padi padi dey always plenty be that.

Pata Pata I will go to my traditional ruler to be my 2nd referee.

The stress I was put through before the my LGA Manager signed and agreed to refer me no be small. And I paid 3k for the 2 forms (1,500 each) and N200 b4 he affixed his passport. I am not thinking of going to any LGA chairman in this Osun anytime soon for any reason. Aregbe wan milk person dry for this state.

godwinizu:
bro u know say I dey fear this country, hope getting As in the parameters tested guarantees one to the next stage?

It should. Except if one falls short in any of the height, sight, feet, chest, dentition, legs... Etc.

writetopoker:
unfortunately, my name wasn't shortlisted. Meanwhile I have completely signed the guarantors form A&B including the photocopy ID card of the guarantors. Anyone who is interested in buying it should contact me on 0803. 134. 5138. at N5000 only. I spent more than that to get it signed excluding transport and stress.

You must be joking.

solamide222:
l

Birth certificate, state of origin certificate and educational certificates

I just submitted mine at the state cid. Yeah, you can submit on someone else's behalf.

odimbannamdi:
Something keeps telling me that one of the screening stages of the Police and Army recruitment will clash. When that happens, it will then be a matter of choosing the job you are passionate about.

PS: A strong intel in NDA just told me that the first list of shortlisted candidates will be out by first week of July. Lets keep our fingers crossed

I feel so too. Deciding which one to go for won't be about passion, it will be which of the 2 jobs you're confident of getting.

pelumi224:
Is in d same center where the screening was done.

Another N1000. Sigh. Thank you.