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Nairaland Forum / Speeddial's Profile / Speeddial's Posts
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Jobs/Vacancies / Re: Federal Project Support Unit (FPSU) Is Recruiting. by Speeddial(m): 7:35am On Aug 10, 2016 |
Remnita: What do you gain by carrying rumours, few day ago it was federal civil service, now you have come again with FPSU. The thunder that will strike you has no equals. |
Jobs/Vacancies / Re: Nigeria Custom Service Invitation: A Real Or Scam by Speeddial(m): 7:25am On Aug 10, 2016 |
When I think about it, It saddens me the more, this present administration is a fraud it self. |
Jobs/Vacancies / Post Anioma Jobs Here by Speeddial(m): 8:38am On Aug 06, 2016 |
Often a time, we the Anioma people miss out on jobs, because of the structure of our state and nation. Let's help each other here. |
Business / Trending: Naira Hits 400/dollar by Speeddial(m): 8:29pm On Aug 05, 2016 |
The naira plunged to 400 against the dollar at the parallel market on Thursday as shortage of foreign exchange continued to have negative effects on economic activities in the country. The local currency had closed at 390 against the greenback on Wednesday. The shortage of forex at the interbank and the black market has continued to weigh on the value of the naira. After closing at around 378 against the dollar for most part of last week, the naira dropped to 380 on Friday before falling to 382 on Monday. The currency closed at 315.06 to the United States dollar at the interbank market on Thursday. Economic and financial analysts have linked the wide depreciation in the value of the naira against the dollar at the parallel market to huge demand for forex by holidaymakers seeking to travel abroad. However, some experts said the huge demand for forex at the parallel market was beyond the normal summer rush. They linked the development to the activities of speculators and significant demand by manufacturers and importers whose demand was not being met at the interbank market. Currency analyst at Ecobank Nigeria, Mr. Kunle Ezun, said, “The issue still has to do with inadequate forex supply. As far as you continue to have some 41 items banned from the interbank market, importers and manufacturers of those items will continue to seek for forex at the parallel market. “This is part of the reason you are having pressure at the parallel market.” According to Ezun, the global plunge in oil prices has affected the capacity of the Central Bank of Nigeria to defend the naira. “If the price of oil should go up, more forex will come in and you will see that things will change,” he added. A Professor of Economics at the Olabisi Onabanjo University, Ago-Iwoye, Sherrifdeen Tella, said the huge demand for dollars could be due to the activities of genuine manufacturers and importers seeking forex for production and business purposes, or corrupt people who had stolen state funds. Tella said, “The naira is falling at the parallel market because there is scarcity at the interbank market. This fall could be due to the activities of genuine manufacturers or some people you cannot identify. These are people who have stored naira somewhere and are seeking to convert them to dollars. They use every chance they have to buy dollars. What the CBN may need to do is to neutralise that money by changing the colour of the N500 and N1,000 notes. “If the naira keeps falling at the parallel market, then we should prepare for further increase in the prices of goods and services. And this will continue to give us more trouble as a nation.” The National President, Association of Bureau De Change Operators, Alhaji Aminu Gwadabe, said the fall in the naira value could be linked to the activities of speculators. He said the demand was spurious, saying it was not coming from genuine sources. “The demand is spurious; the challenge is that there is no liquidity in the market. If you ask any of the parallel market operators calling N400 per dollar to bring the dollar that you want to buy it, they don’t have,” Ezun said. The Chief Executive Officer, Cowry Asset Management Limited, Mr. Johnson Chukwu, said that if the naira continued to fall at the parallel market, the country would need to brace for higher rate of inflation and further contraction in economic growth. It was learnt on Thursday that the Deposit Money Banks had started selling forex to the Bureau De Change operators in line with the CBN directive. Banking sources confirmed that the sale begun on Thursday. The ABCON president, Gwadabe, also confirmed the development. “The banks started selling to us today, we will be debited tomorrow and then receive the forex. We thank the CBN and the banks. This move will help to close the gap between the exchange rates at the parallel market and interbank market,” he stated. Source: http://punchng.com/naira-hits-400dollar-banks-sell-forex-bdcs/
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Politics / Re: The Stupidity Of The Ordinary Nigerian. Almost every Nigerian is a coward. by Speeddial(m): 8:37pm On Aug 04, 2016 |
sleekAfonja:You have a point, that's why some thing like this that could help us move forward will never get to the front page, only headlines and materials that will raise uproar, you will see. 1 Like |
Politics / The Stupidity Of The Ordinary Nigerian. Almost every Nigerian is a coward. by Speeddial(m): 5:11pm On Aug 04, 2016 |
I have not seen any country in the world that have its citizens behave the way Nigerians do. Nigerians are very optimistic that change will suddenly come from some where some day. They never plan for it, they just sit down and help the leaders loot the country. A typical example of where its done is here on Nairaland. On a daily base we come here to criticise each other. Cause unnecessary fight between our selves, clap and support a defaulting leader because he is from your tribe. The earlier we create our own assembly here and begin to utilise the forum to air our views and thoughts on how to reach the government, and help her or probably bring her to correction, or help suggest to it a way forward the better for us. If we think that Nigeria will be good one day just like that, I must say you are sleeping on a moving bicycle, hell no. We are all humans, the only thing that can stop an individual whom you voted into power from looting you is if he or she has the fear of God, and if the person really has the knowledge on how to spend the resources he has to his disposal well. The crowd that come here daily to castigate and fight each other due to difference in tribe is much, if we decide to put heads together to fashion out a solution or carry out a revolution we can go places, the earlier we come to our senses the better for us. Nigeria is ours. 4 Likes |
Jobs/Vacancies / Re: National Universities Commission (NUC) Recruitment 2016 by Speeddial(m): 10:19am On Aug 04, 2016 |
What are the specialities available nah? |
Politics / OPC Members To Transform To Snakes And Lions To Fight Militants In Ogun by Speeddial(m): 9:24am On Aug 03, 2016 |
NO fewer than 5,000 members of the Reformed Oodua People’s Congress on Tuesday stormed the Imushin community in Ogun State, to confront suspected militants in the area. http://punchng.com/opc-members-storm-ogun-fight-militants/ Photo: Some of the OPC members; charms. Photos: Samson Folarin 4 Likes 2 Shares
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Politics / Nigeria’s Oil Firms Face Zero Revenue, Post Losses by Speeddial(m): 9:10am On Aug 03, 2016 |
The revenue woes facing local oil companies following the sharp drop in global oil prices have been worsened by the recent upsurge in militant attacks in the Niger Delta, industry players have said. They stated this at the 40th Nigeria Annual International Conference and Exhibition of the Society of Petroleum Engineers in Lagos. The Managing Director, Seplat Petroleum Development Company Plc, Mr. Austin Avuru, said about 70 per cent of the nation’s production from the traditional terrain of onshore and shallow water had been locked in. “A year ago, we were battling with zero production and zero revenue for upwards of five, six months. Some of us no longer check the oil price, it has become irrelevant. Oil price is only relevant when you produce,” Avuru stated. He added that the oil and gas industry was undergoing a major transformation a couple of years ago aimed at moving it away from just being a primary revenue earner for the Federal Government to becoming an enabler of economic development. He said, “We have said that this industry will move away from domestic consumption of less than 300 million standard cubic feet of gas per day to three billion scfpd, and in the process, energising companies like Dangote so that we can become a net exporter of cement and fertiliser; in the process, delivering 15 gigawatts of electricity and all its multiplier effects. “That is the journey that the industry started a few years ago. That journey, unfortunately, today is being interrupted by some forces. The crisis in the Niger Delta has taken a turn that must worry all of us because when we don’t produce, our companies are destroyed, jobs are destroyed and the economy is destroyed.” Recalling that last week, Seplat released its financial results, Avuru said, “For the first time ever since we started this business six years ago, we made a half-year loss from bountiful profits.” Oando Plc, which is another major indigenous player, said on Tuesday that it made a loss after tax of N27bn in the first half of this year, a drop from the N35bn loss it recorded a year ago. The Chairman of SPE Nigeria Council, Mr. George Kalu, said the conference theme, ‘Transparency in the oil and gas business: An imperative for energy security and stability’, was timely given that oil prices were hovering around $43 per barrel in recent times with significant challenges to the Nigerian oil and gas business environment. He said, “These challenges including funding constraints rising from cash call arrears, exchange rate differential in a cyclical oil price regime, high operational costs due to long contracting cycle time, and severely delayed payment to vendors, as well as high cost of borrowing are affecting the much-anticipated boom in the industry. “One would think that with the low oil price, improved revenue will come for gas sales. However, the lack of gas gathering and supply infrastructure is hampering the country’s ability to maximise the benefits of the sale of gas in the domestic market, which is currently more attractive than the international market.” Kalu said the recent challenge of vandalism and outright destruction of oil and gas facilities had further curtailed Nigeria’s oil and gas production, power generation ability, reduced the flow of revenue, escalated the cost of environmental remediation and provision of secondary health care facilities, as well as increased security surveillance and facility replacement costs. He added that the delay in the passage of the Petroleum Industry Bill had constrained further investment in the sector to the extent that exploration activities were at their lowest ebb. Source: punchng.com/nigerias-oil-firms-face-zero-revenue-post-losses/
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Travel / Re: Trailer Accident At Freedom Park, Osogbo Today (Photos) by Speeddial(m): 10:18pm On Aug 02, 2016 |
veekid:If they didn't snap it now, you will be the one to say, pics or adonbilivit. 3 Likes |
Travel / Re: Trailer Accident At Freedom Park, Osogbo Today (Photos) by Speeddial(m): 10:18pm On Aug 02, 2016 |
veekid:If they didn't snap it now, you will be the one to say, pics or adonbilivit. 6 Likes |
Politics / Nigerians Reject Life Pension For Ex-governors, Legislators — Poll by Speeddial(m): 12:44pm On Aug 02, 2016 |
The issue of payment of life pension to governors, their deputies, National Assembly and House of Assembly members has been on the front burner of public discourse in recent times. In an opinion poll conducted by the News Agency of Nigeria (NAN) nationwide, the respondents said that the ongoing payment of pensions to former governors should be discontinued. They noted that the former governors, who were now senators of the Federal Republic of Nigeria, were by implication, earning double pay. In Abuja, 17 of the 18 respondents, who returned their questionnaires, opposed life pension for leaders of the legislative houses, while one person supported it. Also, 16 persons opposed governors enjoying life pension, while only two persons supported it. In South-West zone, 442 of the 600 respondents, representing 73.6 per cent, rejected life pension to governors, while 148 people or 24.6 per cent, were in support. Similarly, 435 respondents, representing 72.5 per cent, opposed life pension for leaders of the National Assembly, while 149 people or 24.8 per cent, supported it. In the North-East, another 600 people responded in the six states. Four hundred and ninety four, of the sampled population, representing 82.33 per cent, opposed the payment of life pension to legislators, while 58 people or 9.67 per cent supported it. The survey showed that 426 people or 71 per cent, also rejected life pension to governors, 132 people or 22 per cent supported it, while 42 people or 7 per cent, were undecided. In South-East, where 100 questionnaires were administered in the five states, 83 respondents voted against pension for legislators while only 12 voted in favour with five respondents undecided. Similarly, in the North-West, 273 questionnaires were administered in Kano, Kebbi and Sokoto with 126 people or 46.15 per cent rejecting life pension to governors, while 105 people or 38.5 per cent, supported it. The respondents in the zone also unanimously rejected payment of life pension to leaders of the legislative houses. Also, all the respondents in North-Central voted against life pension to both former governors and the leaders of the legislative houses. South-South respondents opposed the payment of life pension to ex-governors and legislators. They argued that they were well paid while in office and in addition, went with handsome severance packages. In the case of legislators, they said:“Their four- year tenure is too small to attract life pension and moreover, legislators, especially in Nigeria, should be part-time work.” (NAN)
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Jobs/Vacancies / Re: National Universities Commission (NUC) Recruitment 2016 by Speeddial(m): 1:29pm On Aug 01, 2016 |
Which positions are available? So I can select. |
Jobs/Vacancies / Re: National Universities Commission NUC Recruitment 2016 For Graduates by Speeddial(m): 8:00am On Aug 01, 2016 |
Which positions are available? So I can select. |
Jobs/Vacancies / Re: Unemployed 1st Class Graduates Lounge by Speeddial(m): 7:49am On Aug 01, 2016 |
Chidizman:Don't mind that fellow, do you know him? |
Jobs/Vacancies / Re: Unemployed 1st Class Graduates Lounge by Speeddial(m): 7:30am On Aug 01, 2016 |
LastMumu: Mad man 2 Likes |
Jobs/Vacancies / Re: Unemployed 1st Class Graduates Lounge by Speeddial(m): 7:04am On Aug 01, 2016 |
LastMumu:Ordinary National Diploma oga |
Crime / Police Rescue Another Chained Child In Ogun State by Speeddial(m): 7:58pm On Jul 29, 2016 |
Barely a week after members of the Ogun state police command rescued 9 year old Korede Taiwo from the Celestial Church where he was chained by his father over his stealing habit, the state police command have rescued a 10 year old girl named Promise Udeh who was chained by her aunt, Chaimaka Okafor at their Adigbe residence in Abeokuta, the state capital. Chiamaka allegedly chained Promise because she stole her N4,000. The police is in search of Chiamaka as she has since fled her home.
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Politics / Buhari’s Drones Won’t Stop Us – Niger Delta Avengers by Speeddial(m): 7:11pm On Jul 29, 2016 |
Militant group, the Niger Delta Avengers,
has said it is aware of a plan by the Federal
Government to purchase drones as part of
efforts to stop it from attacking oil facilities
in the Niger Delta. The group, however, warned that the plan would be a waste of time as it won’t stop them from carrying on with their activities. “Mr. President, you can purchase all the drones in Europe and Untied State. It won’t stop the Niger Delta Avengers from bringing the country’s economy to zero,” it said in a statement by its spokesperson, Mudoch Agbinibo. “The worse you can do is to kill poor innocent people which the military is good at but know the Nigeria Economy will suffer.” The group said it had gathered intelligence, which showed that claims by the Federal Government that it was willing to hold talks with militants in the oil-rich region were deceptive. “The said peace talk or dialogue by the Federal Government is a delay tactic employed by the Federal Government, to enable their purchased drones that are said to arrive latest (at the) end of August from the United State,” it said. Bragging that the drones won’t stop it, the Niger Delta Avengers threatened to stop the export of crude from the Niger Delta. “Just intensify the oil exploration in the North East; as for the ones in the Niger Delta forget about it because the Nigeria government won’t export a drop from our land,” it said. It added that although its finding showed that the government was not serious about having a dialogue with militants, the situation is made to look like the group is the one against talks. Source: PUNCH |
Jobs/Vacancies / Re: Nigerian Army SSC And DSSC 2016/2017 Forum by Speeddial(m): 10:43am On Jul 29, 2016 |
mikkyj9:Ok thanks |
Jobs/Vacancies / Re: Nigerian Army SSC And DSSC 2016/2017 Forum by Speeddial(m): 10:38am On Jul 29, 2016 |
mikkyj9: |
Jobs/Vacancies / Re: Nigerian Army SSC And DSSC 2016/2017 Forum by Speeddial(m): 10:33am On Jul 29, 2016 |
Caesary: |
Politics / Buhari Urges Clerics To Calm Nigerians. by Speeddial(m): 7:41am On Jul 29, 2016 |
Amidst growing complaints on the various challenges facing Nigerians, President Muhammadu Buhari on Thursday appealed to Muslim clerics to help his administration calm Nigerians down. He said his government was aware of the challenges facing the average citizen, hence the need for the clerics to carry the message of hope to the people that things would soon improve. According to a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, the President made the appeal during a meeting he had with the Council of Abuja Imams at the Presidential Villa, Abuja. “Keep calming the people. The leadership at various levels is trying to solve the problems of poverty, unemployment and insecurity bedeviling the country,” Buhari requested religious leaders throughout the country. Earlier, the Chairman of Abuja Council of Imams, Dr. Tajudeen Adigun, was said to have, on behalf of the delegation, commended the efforts of the Buhari administration in the war against corruption and terrorism. Source: PUNCH.
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Politics / Re: Fuel Scarcity To Hit Nigeria As Truck Owners Go On Strike by Speeddial(m): 9:31pm On Jul 26, 2016 |
The structure of this country is what's killing it. Nigeria needs restructuring. 1 Like |
Politics / Who Is Your Role Model? Among Nigerian Presidents. by Speeddial(m): 7:44pm On Jul 26, 2016 |
Among Nigerian presidents past and present, which of them will you say is your role model? Some one you aspire to be like. Mine is Goodluck Jonathan. 2 Likes |
Politics / Re: Photos Of Northern APC Governors Having Fun With Rochas Okorocha In IMO State by Speeddial(m): 6:36pm On Jul 26, 2016 |
They are having fun, meanwhile the country is in a state of siege |
Politics / Fayose Flags Off Planting Of 250,000 Trees In Ekiti (photos) by Speeddial(m): 10:39pm On Jul 19, 2016 |
Fayose Flags Off Planting of 250,000 Trees In Ekiti 1 Like
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