₦airaland Forum

Teophilus96:
I'm tempted because of some guys to give the name of the school , bt I can't. But to be a little bit explicit ,the school is in the south eastern part of Nigeria

E no pass ESUT. Den of Morocco and Ike Mgbabu back then.

kinginvalhala4:
PIRATES! But you re wrong, sir.

Guy I left school more than 20 years back. For my school na red and black those pyrates dey wear o! Maybe they have rebranded.

At a point my final year class harbored 4 capones!

makabulchi:
Don't wear black/yellow/red/blue/green/white

The best advice of all time, and to add to that, better know which girls you try to chase on campus. Shoe get size o.

Donclaracuzo:
Wetin do yellow and black ? Does that one count?

Ever heard of the Buccaneers?

Teophilus96:
Name of school is withheld,for security purpose.

I was in a hurry to attend a physics lab practical today.On my way I received a call,so I had to wait to answer the call for like two minutes.After I finished answering the call,a guy walked up to me; you know the usual is to shake hands,but I noticed something;I noticed he had a style of hand shake I don't know abt,and there was look of surprise in his face.The first thing he asked was ' are you not a vickings?'. O boy fear catch me .I was like 'I don't understand you ' before he could answer, another guy came to me to ask the same question. Another thing I noticed was that their eyes were wandering as if they are up to something bad.Another thing is that, I noticed was it was not just the two of them but many of them all at different positions; All eyes was on me.O boy fear catch me die.
As a smart boy,I started wondering in my mind what might have attracted this 'O it was my dress code;Red and black ,eh! O boy I don die'
The second guy asked me the question I was expecting'why are you putting on this code' As fear catch me reach I was like ' sorry let me pull it off' .The next thing I heard was 'I hope you are with a condom if not I will f**** your yansh like that' I nearly fainted .
And thanks be to God one of them from a corner told them 'Leave him he is a freshman'

I have never in my life had this kind of experience before. But it thought me something I never knew- Don't you ever put on a red and black combination in the school.

Better learn the codes now. There is white and black, all black, yellow and black, green and black...better master them now. Those guys know say you no be Viki. Red and black no be their code. That is for Wole Soyinka's people.

Today's rate in Abuja Sheraton was N305 to $1. The thread is about rates. It is now turning to something else.

2n2k:
I did mine in Abuja (old cbn) in January. I completed the biometric capturing within an hour and the permit was ready in 3 days. I did not spend a kobo not even counterfeit one. Police has really improved with regard to the issuance of Tint permit.

The Force PPRO as well as the ASP in charge of the ICT department were on AIT in January and said it takes 5 minutes. So why is it taking days and weeks? Soon it will be months and then the opportunity to start inducement to get it earlier the way the NIS does for passports will creep into the system.

goldfish80:
This guy cost us big time in France 98. I couldnt sleep for days after watching Ebbie Sand, and gang take turns to put the ball through his legs in the 4.1 drubbing at the Stade de France.
He embarrassed himself and let the Country down big time.
I will choose Vincente everyday of the week

He was old and had not played for a long time. He was not supposed to feature in that tournament. He had to be called back from his holiday at the last minute due to injuries to Ike Shorunmu and Willy Opara. Also don't forget that the true number 1 in the country at the time, Joseph Dosu had sustained spinal injuries a year earlier in a car crash after the 1st qualifying game.

Peter Rufai was already semi-retired and there is no way a goalkeeper can perform wonders at a stage like the World Cup after being called back from holiday to join the national team at the last minute.

fiizznation:
No matter what their lies or the unkept promises are, we still can't start accusing a political party that has not even spend up to one year in power/office. We should condemn them or praise them when they finally exhaust their 4 mandated years in office. PDP promised Nigerians heaven and earth but after their many years in power, they couldn't fulfill their promises and Nigerians were left with no other option than to vote them out.
All elements of objectivities are lost in this thread. No matter how bias we want to be, there are some very positive gains that this baby administration has achieved like the victorious ongoing fight again terrorism, the commendable power supply. Mr op, hope you haven't forgotten that the budget is still been debated in the Senate and has not been passed?l.

So we should wait for another four years right when the early signs that the govt cannot deliver on its own promises which nobody forced them to make are already staring us in the face?

Elxandre:

I see you conveniently skipped the bottlenecks these students suffered nowadays.

These things you call distractions have been a blessing to many diligent students who now converge to discuss educational matters strictly, through avenues like Facebook, Whatsapp etc.

People still score outrageous marks (280+), so nothing has changed.

You need to see the level of corruption involved in JAMB/Post UTME these days bros.
The slots are fewer, and most staffs already have their candidates (That graduate who couldn't write a formal letter was probably one of the beneficiaries).


JAMB also stopped marking reasonably a long time ago.

Most older folks don't agree, but keep blaming students instead of the system, and that's why impunity is a daily occurrence with JAMB and co..

I lost my admission last year despite my quite high scores, but many got admitted with really horrendous scores (into nice courses of course )
FUPRE marked thrash 2 years ago, scoring many as low as 1/50. All pleas for a rectification/remarking fell on deaf ears.
I created a NL thread to seek help, but most people shouted me down and they got away with it. (that was the easiest exam I wrote in my life)

Please when these issues come up, and you don't have first hand information about that occurrence, don't contribute negatively.

If the integrity of the UTME was solid, there would be no need for post-UTME exams. Back then everyone knew that passing JAMB was the ticket to your future. Our issues started when the cut-off points were fixed first to 200, then sub-200. That really jeopardized the integrity of the exam. I got my admission without knowing nobody. You wrote your exam and if you passed, you carried your bags and off to school you went.

No wonder our certificates have no value anywhere in the world. In which country do you see an exam organization body marking up scores by as much as 25%?

union123:
I have $Im inflow at 333/$ in skye bank

You should be selling to the BDCs then...

Elxandre:
You should be asking what type of weed the JAMB Directors baked their bread with.
They know what they did, hence the Free bonus marks.

They introduced Item Response Theory methodology of exams and cut back the time to 2:45 hours. (I'm sure JAMB was 3:30 hours when you wrote yours)

Add to that the severe hitches many faced, questions that failed to load in Use of English, and the prevalent wicked supervisors, who even deny students of as much as 30 minutes of their normal durations, by logging out the computers ahead of time.

I really hate it when folks make it seem this generation of students are lazier.
No! They actually have it tougher somewhat.

When I wrote JAMB, I scored 270. The cut off for my department was 290. I could not get in on merit. I had to enter through catchment. That was how tough the exams of those days were. Then we did not have the distractions that mobile phones, online and offline games, sports betting and all what not that students were exposed to. There was no internet. We filled forms manually, hustled our exam admission slips at JAMB office then at Aba Road in PH, had to wait for months to get the result and yet more months to get admission letters.

It was tough then and if you look at the pattern of scores in the UTME over the last 10 years, you can see clearly the pattern of decadence in the system. Our students do not read anymore and it shows.

The other day, I was in GTBank and the customer service personnel was teaching a graduate who came to sort out something with his account how to write a formal letter as the one the graduate wrote was total balderdash. I own businesses and I see many of these graduates coming to look for work. It is shocking to see that they can't even write a simple letter. Horrible use of tenses in their written English.

GARBAGE IN, GARBAGE OUT! That is what it is.

I sincerely weep for my children's generation. First it was the sub-200 cut off points. Now JAMB has to add 40 marks to each person's score?

What kind of unbaked graduates are we going to produce in the next few years?

I like the spirit with which awardees have grabbed the problem by the scruff of the neck and are facing it squarely. Some of you were on WeFM the other day. That is the spirit. Very anti- Nigerian. Usually Nigerians will sit back and complain at home for months and years on end without doing anything concrete.

Such action taken by you guys is commendable. That money is in the treasury. It should not be diverted by Buhari's govt for any reason and awardees should not allow it to happen. They have tactfully taken off the N5,000 social security payment from the table. Now they want to take your duly awarded grant too? Do not let it happen.

I feel like slapping this man's mouth. So the idiot is still basing campaign promises on crude oil revenue. What happened to other revenue sources?

Blackkie:
Freelancer.com is more than where article jobs are sourced.
You need to understand the site and joggle diverse keys therein to make it big here.

No wonder the gurus here are demi-gods.
I got mad along the line where I saw a comment that over $40,000.00 [USD] was made by one single person freelancing.

However, being someones apprentice will do newbies like us a great favour.

A single client on that site has brought work that has paid for my housing in Abuja for 3 years now and right now we are working on another project. There is yet another guy I did work for way back in 2009 and we are still working together. The relationship has progressed as I am about getting him and his team of investors into Nigeria for a major project they want to undertake.

My brother, you need the favour of God to get to that level. In the case of the 1st person, I applied for a job he posted and heard nothing for 8 months. Then one day out of the blue he sent me a message about how he likes my packaging and that though he has heard all sorts of negative stories about Nigerians, he has an open mind and will want to work with me. IS THAT NOT GOD IN ACTION?

That has been my experience. Lesson here? It does not stop at freelancing. It is about contacts and relationship. Some people will through this channel, meet people that will change their lives forever. Look at the bigger picture. Ask God for the kind of breakthrough I just described.

Na so I see am o!

makzeze:
230

SCAM ALERT

Typical of you to butt into communication between others when you know nothing of how this works. Payoneer exchanges at official rate in an ATM. The dollars can't be cashed out into an account. If you know nothing about how the system works, don't come displaying your ignorance here.

PoliticalThuG:
Popular? I dnt know him.

Rip

You must be of the Indomie generation then. He was a very popular actor and I loved watching him in the original Village Headmaster series with others like Melville Obriango (Ogene), Joe Layode, Femi Robinson and co. Then of course there were councilors Balogun and Bamishe, Sisi Clara, Amebo, etc.

InvertedHammer:
/
Next target is N400 - N500.

CBN move is unsustainable. The FG does not have enough reserves to prop up naira. This is a temporary relief.

Nigeria's foreign reserves is about $29bn. Russia had about $400b and used $76b to prop up the rubble in 2014. Yet the rubble fell to all times low after all the efforts.

The prayer should be that the George Soros of this world will stay away from the naira saga. George Soros? Yes! The man that broke the Bank of England by trading against the British pound until the fat lady sang. In 1992, he sat on pound sterling and made $1b from the heist.

/

My brother, you have nailed it spot on. Sadly Nigerians are too dense to understand that there is no way a central bank can prop up a currency with $28bn in its reserves when it spends colossal amounts importing petroleum products on a daily basis. Russia is even in a better shape. They sell natural gas to almost the whole of Europe. They have nuclear capability so can product cheap energy.

What do we have? What do we sell to the world? We lost America as clients. Iran is back in the oil business so India and SA that used to buy from them have run back to that source. Yet some people truly believe the Naira will gain strength in the coming months. Even Bubu has seen the writing on the wall and has scrapped the N5,000 payment.

The CBN will ultimately have no choice.

lexxyrule:
How much will buy it, and where in Abuja are you

You are the one selling so you should name a price. Besides, Abuja is Abuja. Where I am is of no consequence. Lots of neutral locations to meet and do the transaction. But since you have thrown the ball to me, I will buy it at N210 to $1. Gaskiya!

OP,

You were simply trying to be smart. You know what Nigerian banks have been charging since this whole Naira fall of a thing started. No bank has charged anything below N290 to $1. Somebody even issued a warning about this is another thread and said that the bank may later come back to withdraw the excess.

It is unfortunate you are now a victim. Get ready to pay the excess X $500. Just pray the Naira does not slide more by the time the transaction is fully settled.

lexxyrule:
Who wants to buy dollars from payoneer and is in Abuja? I have about 400usd in my payoneer to be sold. Thanks

What is your price?

Charlatan!

If we stop importation of petroleum products, the dollar demand in Nigeria will drop by 70%, but Ifeanyi Ubah will go out of business. Who is he deceiving?

So we still have fools like this walking the face of this earth? Read they won't read. The OP even has the nerve to come here to complain when he should be facing 21 years in prison. Thank your stars that this is not 1984 when Buhari promulgated that decree that prescribed 21 years for exam malpractice. By now the NSO would have been on your tail.

Be waiting for JAMB runz. Fool!

I don't see the Naira doing well anytime soon. Any appreciation will just be a knee jerk reaction. The fundamentals point to weakness.

toluxa1:
Are you sure that is not Jarus? I watched Jarus on Channels

Thank you for correcting me. I remember saying I was not sure I was correct and since I have been shown to be wrong, I apologize and stand corrected for mixing up the usernames.

Bevista:
@ the text in bold. Curiously, the nature of intervention you referred to is somewhat different from that of the CBN. Those countries wanted to weaken their currencies, so all they needed to do was to print more of their currencies to mop up Euros/Dollars. Even at that, the intervention has largely been unsuccessful.
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The case of CBN intervention is DOA. They are trying to strengthen the Naira, yet they cant print dollars or have dollar Reserves to intervene.
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Bottom line: CBN rhetoric cannot move the market on a sustained basis. It can cause some parabolic movements, but sooner or later, the market will return to where it came from. The underlying economic fundamentals (oil price) and structural issues (import-dependency) has not changed. If the Naira strengthens, importers and online buyers will simply resume purchases (demand) pushing the exchange rate up once again.

***Modified***
I have noticed after reading down the line that most of the issues have been discussed. The bashing you received was done in bad taste. Folks need to learn how to get their points across in a decorous manner, without denigrating others.

Well said. We can't all have the same views or approach to issues. But my response is: bash the issue/standpoint and back it up with your reasons. I really did not mind the 1st person's response. It was Jazes's response that baffled me more because he has been around here, and I think has even appeared on Channels TV's Business Morning program (I am not sure and I stand corrected if I have made a mistake). So I expected a lot more than the response he gave.

doyinisaac:
Mr forex trader.......show us the chart for NGN/USD abi your forex brokers never get am so u go fit show us the chart too........

I am not a forex trader. I do business with companies abroad, including an international development orgamization. I get paid in dollars and pounds sterling and my business is subject to exchange rate risks. Therefore when I get paid, I need to know when I should sell my foreign currency for local use here, or if I should hold on to it. Some of my procurement has to be made in foreign currency as well.

Any thoroughbred business person should know the risks to his business and know how to mitigate them. This involves a lot of study and reading. I don't leave my business to chance. I take it seriously. So if your interpretation of all this is to call me "mr forex trader", you are mistaken. I am not. I am simply one who learns all he needs to about his business so he is not caught out.

And if I need to get charts of the exchange rate of the US Dollar to the Naira dating back to 1986, I have a Ukrainian programmer who can easily get the data and create what I need with Microsoft Excel or any of the charting software around. These things are not hard to get if you have the right contacts.

mavinc4u:
My dear, I tell you. They have even graduated to plotting of graph, very soon it would be drawing of carton.

Bros, that my currency chart on the USDJPY is what will play out on the Naira in the next one week. I have locked all my dollars up until the next speculative attack which is already unfolding 24 hours after Ifeanyi Ubah went around boasting that he has improved the USD-Naira exchange rate. I earn dollars regularly and such information is what I use to know when to sell off my dollars or when to keep them.

Any seasoned player in the currency markets knows that what drives price movements is a combo of fear, rumours, perception and outright greed! Look at that chart well and learn o! Then you will not be swayed by all the people clapping for Ifeanyi Ubah.

Has this Kemi Olunloyo ever heard of a model named NATALIA VODIANOVA?

I ask because I see similarities in both stories.

Natalia dropped out of school early in life and was helping her mother sell fruit in a village known as Nizhny Novgorod before she was discovered at the age of 17 in a local beauty show and has gone on to make millions walking the runway. She also got married to a super rich dude. Guess what? Natalia's mother still sells pies on the streets back home in Russia because she wants to prove that there is still something that her own work can produce for herself. This is despite Ma Vodianova having appeared on red carpet shows with her daughter.

Last I heard, English is not a language spoken in Russia.

So now we have our own Olajumoke, bread seller now turned model. There is a lot of similarity between Olajumoke and Natalia. Who says she should know how to speak English? Is English our indigenous language? Nonsense!

JAZES:
Thank you jare my brother, I hav personally didn't want to comment at stagger's comment since morning cos I can't believe he is comparing Japan and Swiss issues with ours, there are two different issues.
Sometime it's better one just keep shut if you don't know what you are saying than displaying your ignorance for all to see.

Jazes, I have a lot of respect for you on this forum. So to see you post this comment simply shows you did not understand the point being passed across. I was not comparing the Japanese, Swiss and Nigerian economies. Japan and Switzerland are export oriented, Nigeria is import oriented.

Devaluation, which is an artificial reduction in a currency's value, works for export oriented economies. It is bad for import-based economies like Nigeria.

The point of my post which I now feel I should spell out clearly before you say something more stupid than your last sentence, was to show how manipulation of exchange rate by a central bank without a shift in the underlying fundamentals will end up not working. In other words, I am saying Nigeria should change its economic fundamentals and not leave the CBN to use our precious foreign reserves to keep defending the Naira's value. How long will that last?

Pass across your message. But don't be rude or throw insults.

pappilo:
I hate people like you who try to sound knowledgeable on issues but are actually clueless.

Japan's government's problem is nothing like Nigeria's. In fact its the opposite. The Yen regularly gains on the dollar and becomes too strong so Bank of Japan devalues the currency so their exports become attractive. You illiterates are asking for devaluation in the face of a weakining Naira.

I wish we had the Swiss problem. The Swiss National Bank artificially kept the value of the franc low and when it removed the cap pegging the Franc to the Euro at 1.20, the Franc appreciated by 15% in one day.

Now tell me do the 2 issues above look like the problems facing the Naira in any shape or form?

My friend, hate me all you want. I really don't give a damn. The 2 examples I used show the futility of a central bank in trying to artificially control an exchange rate. Nigeria's CBN maintains a fixed exchange rate regime and tries to control the rate by selling a certain amount of dollars to the key players who need dollars. Whatever demand is not met will spill over into the parallel market where if there is excess demand and dwindling supply (created by the policy of the CBN to starve the BDCs of dollars), the exchange rate will definitely be much higher.

The question you should ask yourself is:

a) Does CBN print dollars? NO! Any dollars the CBN uses has to be earned (in our case from crude oil sales) or drawn from the foreign reserves.
b) Has the CBN's source of dollars to satisfy the demand on the local market to keep it at the fixed rate been undermined by falling crude prices? YES!
c) Does the CBN have the ability to sustain the fixed exchange rate INDEFINITELY under the present conditions? NO. Either our crude earnings have to go up, or we keep drawing on the foreign reserves until it is all gone!

We all know that Japan and Switzerland are export-oriented economies which favour weakening of their currencies to make their products internationally competitive.

Now ask yourself:

a) The Bank of Japan, with help from other central banks, sold 700 billion Japanese Yen in exchange for US Dollars in March 2011. It propped the USDJPY from 79.18 to 85.53 in three weeks. WHAT HAPPENED THEREAFTER? Look at the chart and answer for yourself.

b) When the SNB tried to stop the Swiss Franc from strengthening below 1.2000 to the Euro, even when Europe was in a crushing sovereign debt crisis, which was causing the Euro to weaken so much, what happened? After selling and selling and selling large amounts of Swiss Francs to purchase the Euro so as to prop the Euro and weaken the Swiss Franc, what happened? The SNB had to give up. They could not keep using money to defend the indefensible.

My analogy from the Bank of Japan and Swiss National Bank was to show that intervention and interference with exchange rates are not the solution. For the Naira to strengthen, the fundamentals of Nigeria's economy must shift.

That is the lesson I was trying to pass across. So Mr hater, if you need more economics lessons to make you hate me more, I will gladly oblige you.