₦airaland Forum

joedams:
Depending on the company, average industry salaries starts at $45,000 to $140,000 per annum...

Wizzyblack3:
So, no indigenous group or company can come up with the idea of establishing a refinary apart from DANGOTE. It has always being a foreign firm..

Abagworo:
Why should Lagosians be buying cheaper than the area it is produced? Not like it was imported and subsidized like petrol.

caxim04:
Impossible except you worked for government.

GworoChewinMaga:
As predicted.

You ethnic bigot ran with the Ijaw militant attack without verifying now that the OP is showing you that this may be the work of rival vandal gangs you want to verify.

When I call you a confirmed zombie you go dey vex

onetimepro:
To Let: 3 bedroom flat at Agboyi Estate, Ketu. Up flat #550 and down flat #500 for one yr rent.
For inspection call: 08034276805.

IVORY2009:
You're correct, Nipost or post-office in other countries in Europe, one can do lots of things there, like sending Western-union, Money Gram, etc, but dat of their Nigerian counterpart is nothing to write home about, you post letter via Nipost today to Europe or US, it will take 4-5 months for it to arrive @ its destination, dat's if not even declared missing in transit/action

snailspeed:
The complex is shoprite complex. There are many outlets inside every shoprite complex. Spar is just an outlet. You get it now?

snailspeed:
This is tomatoes currently selling at shoprite.

Dimeji Akinloye | 21:56 | 20.05.2016

The marketers said except the CBN provides foreign exchange to import fuel, the recent subsidy payment they received from the government will remain in their naira accounts.

Oil marketers on Friday, May 20, lamented that they are unable to import fuel due to the unavailability of foreign exchange.
The marketers, under the umbrella of the Depot and Petroleum Products Marketers Association of Nigeria (DPPMAN), are appealing to the Federal Government to assist them in making foreign exchange available.

They made the plea during a meeting at the headquarters of the Ministry of Finance.

The meeting was chaired by the Minister of Finance, Kemi Adeosun, and attended by Chief Executive Officers of 46 major oil companies in the country.

The agenda was to discuss salient issues affecting the downstream sector of the petroleum industry.

Chairman of DAPPMAN, Dapo Abiodun, told the minister that members of the association finding it difficult to convert some of the naira payments made by the government to dollars.

He said their inability to convert these payments from the Federal Government from naira to dollar is making it almost impossible for them to meet their obligations to their foreign partners.

He said while the oil marketers will continue to do their best in importing petroleum products into the country, the unavailability of foreign exchange might make it challenging to achieve such objective.

The Federal Government this week announced that it has paid the oil marketers N48.2 billion minus value added tax as the arrears of outstanding 2015 subsidy claims.

According to Adeosun, the payment is to enable the marketers import petroleum products and meet up their other financial needs.

Abiodun however said except the Central Bank of Nigeria (CBN) provides foreign exchange to them, the payment will remain in their naira accounts.

He said: “We want to thank you for the recent payment of about N42 billion but we want to emphasise the fact that this naira payment will continue to sit in our banks.

“We look forward to dialoguing with you as to how you can help us expedite the sourcing of foreign exchange to liquidate our exposures to our foreign bankers that we have line of credit with.

“We are very worried about going into a new dynamics in which marketers are now going to be sourcing forex at the rate that they can find, which we have approximated to around N285 to a dollar.

“We believe that it is a quick fix solution to all the epileptic supply of petroleum products in the county.

“However, we still have this naira sitting in our account from previous transactions and we are worried that if anything happens to the rate of exchange officially, we are going to be caught in between.

“We do not want to come back to you to ask for foreign exchange differentials which issue we still have pending from previous transactions.”

Adeosun said the recent subsidy payment released to the oil marketers is one of the liabilities inherited from the Goodluck Jonathan administration.

While expressing optimism that the reforms currently being implemented in the oil sector would restore confidence in the market, she said assured that government will continue to ensure the availability of petroleum products in the county.

Abuja – The Minister of Communications, Mr Abdur-Raheem Shittu, said the Federal Government planned to turn the Nigerian Postal Service (NIPOST) into a mega conglomerate offering various services.

This is contained in a statement by the Head, Public Communications, Bureau of Public Enterprises (BPE) in Abuja on Tuesday.

It reported that the minister said this while receiving the Acting Director-General of BPE, Mr Vincent Akpotaire , who was on a courtesy call.

“NIPOST would be offering services in e-Commerce, e-Learning/Library services and issuance of the Nigerian passport and driver’s licence plus other security documents,’’ the minister said.

Shittu said that the government was poised to constitute a technical committee to proffer solutions to the issues militating against the postal sector.

The group would also present a policy direction to harness the economic potentials of NIPOST.

The minister acknowledged the significance of reforms to the communication sector and the key role of BPE in sector reforms, saying that the bureau would be included in the committee.

He expressed optimism that an all inclusive participation of all stakeholders would steer NIPOST towards harnessing its commercial potentials.

Shittu urged the bureau to carry out research on the Nigerian Communications Satellite Ltd (NIGCOMSAT) and come out with the best options to either commercialise or privatise the company.

“This is based on revelations that it is under patronised and has only one signal.“

Responding, the DG of BPE, acknowledged the yet untapped potentials of NIPOST.

Akpotaire said that NIPOST, though in near disappearance, had sufficient assets to generate economic and commercial services.

According to him, in view of the Central Bank of Nigeria’s National Financial Inclusion Strategy, NIPOST could begin skeletal services within the scope of the resources set aside by the CBN.

He noted that through the vast postal network available to NIPOST, it was equipped to deliver financial services to remote areas currently excluded by financial institutions.

To facilitate the process, Akpotaire said that the Bureau would present a comprehensive proposal to the minister within a week.

The DG said that the BPE would liaise with the National Assembly to harmonise the bureau’s proposed reforms with the privately sponsored bill on the postal sector before it.

He called for an independent regulator for the sector to update services and ensure transparency as well as position NIPOST to compete favourably with other concerns in the sector.

helpee:
there is nothing magical about it. Simple economics. It just shows the investors dont trust the budget . When news break, currencies all over the world react either positively or negatively. For example, if they believe the signing of the budget will strengthen naira against dollar, speculators holding dollars will want to sell in anticipation of rise in naira. Investors can inject money into the system in anticipation of govt spending for their products and services. This can happen in minutes self. It has nothing to do with implementation. So, if the naira is not excited the budget is signed, it means investors dont believe in your budget and that is not too good a news

tuale4u:
http://naijamatters.com.ng/new-salary-structure-nigeria-police-force/

bushbaby88:
front page pls

donbenedict:
Den my heart is still yet to belong to someone.