₦airaland Forum

Is the Nigerian market benefiting from foreign African companies operating in Nigeria? Is South Africa just savvy or is Nigeria just dumb?

Details available at http://judefejokwu..com

Check out the September archive for an article titled: "Nigerian Banks: What time is it?" The banking industry needs transparency and business ethics.

Details available at

Http://www.judefejokwu..com

Better to be straightforward in doing things.

Check out http://judefejokwu..com

If your blog is sincere you will get approved regardless of Nigeria or somewhere else. Cheers

zendi:
Otedola himself may even have unwittingly triggered the sell off,
trying to dump his own 170m bonus shares, at the price peak of 300+,
in order to buy more later at cheaper price to further tighten his grip on the company.
If so, then, contrary to the suggestion from this story, he is actually making more money and not losing it,

Don't buy into this. It's called an available excuse. Available does not make relevant.

Details available at http://judefejokwu..com

People keep asking "How did I miss that?" FBN Holdings now in focus. Details available at

http://judefejokwu..com

Check out http://judefejokwu..com

The topic is Naira Devaluation. Africans continue believing that continuous devaluation of their currency benefits them. It does not.

Bw careful with Access Bank. All that glitters is not gold.

Details available at

http://www.judefejokwu..com

More on this topic available at https://www.judefejokwu..com

Business people around the world are shouting themselves hoarse for Nigeria to further devalue its currency. Yes, it was devalued formally in February 2015 to 200 naira from 160 naira to the dollar four - five months prior. This is a 25% devaluation.

The IMF and foreign investors want more. The logic is that this will boost revenue oil receipts in local currency terms and help the country to generate more revenue from lower oil prices.

This will also enable foreign investors to bring in $1 million and get 300 million naira instead of 199 million naira presently. Naira supply will flood the system, further spike inflation and send the naira on a further downward spiral post devaluation. The naira lost a further 10% after the CBN Governor at the time (Soludo) devalued the currency in one fell swoop in December 2008 by 25% from N120 to the $.

The failure of the government's policy to peg the naira at approximately 200 (two hundred) is due to the failure of checks and balances by various structures within the system necessary to support this policy.

The banks in Nigeria exchange dollars received at the official pegged rate and pay out dollars (debit the naira account of their customers) at the unofficial rate of 320 naira!

Businesses: Samsumg has priced its S7 Edge at the unofficial black market rate in naira. Nobody is saying anything. Airlines are doing the same thing. These same businesses will now remember there is an official rate when they decide to repatriate their proceeds.

Moneygram and Western Union do not use the official rate when someone in Nigeria wants to remit naira out and receive $ in New York. Their rate is at least 30% higher than the official rate. This rate is nowhere to be found when you walk into to receive naira based on $ sent from the USA. The official rate suddenly exist once again.

All these entities and a lot more have contributed in no small measure to sabotage the government's efforts to stabilize the naira at 200 after a 25% devaluation. When policies or laws are implemented, they can only succeed if those closest to the people support it through obedience.

People are not allowed to buy alcohol in stores if they are less than 21 years old in the USA. This is government policy. It is the liquor stores and supermarkets through their check out counters that enforce this. If these stores all come together and decide to not check identification, the law will be null and void without being voided.

Yes, the effect of the naira trading unofficially at 320 instead of 200 is being felt because of the failure to adhere to the above. There is pretty much a gang up to devalue the currency unofficially so that the official devaluation can now take place with ease as its ill effects have already been factored into the economy. This is simply put a manipulation of the currency system to force through an official devaluation by those entrusted to enforce it on behalf of the government.

Norway's largest export is CRUDE OIL and over the past two years, the Norwegian Krone has depreciated by 35% approximately to the $. Norway's foreign exchange reserves are approximately double that of Nigeria at about $57 billion. Nigeria's currency has depreciated by 25% and people with vested interests are gunning for another 50% - 60%.

Why does the world shake when China wants to devalue the yuan even by 1%? Because, China is a major global exporter of soft commodities etcetera and this typically leads to a balance of trade imbalance for other trading partners. Nigeria is not a major exporter of any soft commodity and is therefore going to negatively impact its own economy if the naira is further devalued.

The question I ask all of you: Sincerely, who does the naira's further devaluation really benefit? The Nigerian people or those not from Nigeria but, who like to do business with and make money from Nigeria while flying in and flying out? Trust me, the naira's further devaluation favors businesses in the short-run a lot more than the benefit to the Nigerian economy in the long-run.

The Central Bank of Nigeria has failed the people of Nigeria by allowing those entrusted with the responsibility of executing transactions at the official rate to not do so and get away with it. In terms of boosting non-oil exports, the Central Bank needs to exchange non-oil exports' proceeds at the unofficial rate so as to boost the incentive for farmers to expand their operations. Booming business leads to new entrants anywhere in the world. The "pure water" story in Nigeria is one worthy of a case study.

When agricultural production and exports pick up, then, Nigeria can devalue further and let the farmers reap more from increased exports. Unless Nigeria wants to continue going through this cycle every 5 - 10 years of devaluing its currency and becoming more financially dependent on foreign powers, the knee-jerk reaction of devaluation during commodity price slumps has to stop.

Kenya and Ivory Coats are classified as a bright spot in Africa now; its major exports are soft commodities. Senegal and Morocco have also been mentioned and neither are largely dependent on hard commodities as their number one foreign exchange earner.

The short-term fixes for long-term problems must stop immediately. No better time than now. For the foreign investors and their ilk, this is about naira devaluation. For the Nigerian government and its people this should be about agricultural revitalization. Sometimes there has to be pain before joy. Mothers can relate to what I am saying.

If a dog continues running towards the person whistling at it without knowing who, it becomes the town dog instead of your dog. The cycle of offering IMF aid and demanding devaluation when oil prices decline (especially to African countries) has to stop.

More information on this available at https://www.judefejokwu..com

Dear Africa interested individuals,


Business people around the world are shouting themselves hoarse for Nigeria to further devalue its currency. Yes, it was devalued formally in February 2015 to 200 naira from 160 naira to the dollar four - five months prior. This is a 25% devaluation.

The IMF and foreign investors want more. The logic is that this will boost revenue oil receipts in local currency terms and help the country to generate more revenue from lower oil prices.

This will also enable foreign investors to bring in $1 million and get 300 million naira instead of 199 million naira presently. Naira supply will flood the system, further spike inflation and send the naira on a further downward spiral post devaluation. The naira lost a further 10% after the CBN Governor at the time (Soludo) devalued the currency in one fell swoop in December 2008 by 25% from N120 to the $.

The failure of the government's policy to peg the naira at approximately 200 is due to the failure of checks and balances by various structures within the system necessary to support this policy.

The banks in Nigeria exchange dollars received at the official pegged rate and pay out dollars (debit the naira account of their customers) at the unofficial rate of 320 naira!

Businesses: Samsumg has priced its S7 Edge at the unofficial black market rate in naira. Nobody is saying anything. Airlines are doing the same thing. These same businesses will now remember there is an official rate when they decide to repatriate their proceeds.

Moneygram and Western Union do not use the official rate when someone in Nigeria wants to remit naira out and receive $ in New York. Their rate is at least 30% higher than the official rate. This rate is nowhere to be found when you walk into to receive naira based on $ sent from the USA. The official rate suddenly exist once again.

All these entities and a lot more have contributed in no small measure to sabotage the government's efforts to stabilize the naira at 200 after a 25% devaluation. When policies or laws are implemented, they can only succeed if those closest to the people support it through obedience.

People are not allowed to buy alcohol in stores if they are less than 21 years old. This is government policy. It is the liquor stores and supermarkets through their check out counters that enforce this. If these stores all come together and decide to not check identification, the law will be null and void without being voided.

Yes, the effect of the naira trading unofficially at 320 instead of 200 is being felt because of the failure to adhere by the above. There is pretty much a gang up to devalue the currency unofficially so that the official devaluation can now take place with ease as its ill effects have already been factored into the economy. This is simply put a manipulation of the currency system to force through an official devaluation by those entrusted to enforce it on behalf of the government.

Norway's largest export is CRUDE OIL and over the past two years, the Norwegian Krone has depreciated by 35% approximately to the $. Norway's foreign exchange reserves are approximately double that of Nigeria at about $57 billion. Nigeria's currency has depreciated by 25% and people with vested interests are gunning for another 50% - 60%.

The question I ask all of you: Sincerely, who does the naira further devaluation really benefit? The Nigerian people or those not from Nigeria but, who like to do business with and make money from Nigeria while flying in and flying out? Trust me, the naira devaluation favors businesses in the short-run a lot more than the benefit to the Nigerian economy in the long-run.

The Central Bank of Nigeria has failed the people of Nigeria by allowing those entrusted with the responsibility of executing transactions at the official to not do so and get away with it. In terms of boosting non-oil exports, the Central Bank needs to exchange non-oil exports at the unofficial rate so as to boost the incentive for farmers to expand their operations.

When agricultural production and exports pick up, then, Nigeria can devalue further and let the farmers reap more from increased exports. Unless Nigeria wants to continue going through this cycle every 5 - 10 years of devaluing its currency and becoming more financially dependent on foreign powers, the knee-jerk reaction of devaluation during commodity price slumps has to stop.

Kenya and Ivory Coats are classified as a bright spot in Africa now; its major exports are soft commodities. Senegal and Morocco have also been mentioned and neither are largely dependent on hard commodities as their number one foreign exchange earner.

The short-term fixes for long-term problems must stop immediately. No better time than now. For the foreign investors and their ilk, this is about naira devaluation. For the Nigerian government and its people this should be about agricultural revitalization. Sometimes there has to be pain before joy. Mothers can relate to what I am saying.

If a dog continues running towards the person whistling at it without knowing who, it becomes the town dog instead of your dog. The cycle of offering IMF aid and demanding devaluation when oil prices decline (especially to African countries) has to stop.

[b][/b]More on this available at http://judefejokwu..com

More of this available at http://judefejokwu..com



Dear Africa interested individuals,

Business people around the world are shouting themselves hoarse for Nigeria to further devalue its currency. Yes, it was devalued formally in February 2015 to 200 naira from 160 naira to the dollar four - five months prior. This is a 25% devaluation.

The IMF and foreign investors want more. The logic is that this will boost revenue oil receipts in local currency terms and help the country to generate more revenue from lower oil prices.

This will also enable foreign investors to bring in $1 million and get 300 million naira instead of 199 million naira presently. Naira supply will flood the system, further spike inflation and send the naira on a further downward spiral post devaluation. The naira lost a further 10% after the CBN Governor at the time (Soludo) devalued the currency in one fell swoop in December 2008 by 25% from N120 to the $.

The failure of the government's policy to peg the naira at approximately 200 is due to the failure of checks and balances by various structures within the system necessary to support this policy.

The banks in Nigeria exchange dollars received at the official pegged rate and pay out dollars (debit the naira account of their customers) at the unofficial rate of 320 naira!

Businesses: Samsumg has priced its S7 Edge at the unofficial black market rate in naira. Nobody is saying anything. Airlines are doing the same thing. These same businesses will now remember there is an official rate when they decide to repatriate their proceeds.

Moneygram and Western Union do not use the official rate when someone in Nigeria wants to remit naira out and receive $ in New York. Their rate is at least 30% higher than the official rate. This rate is nowhere to be found when you walk into to receive naira based on $ sent from the USA. The official rate suddenly exist once again.

All these entities and a lot more have contributed in no small measure to sabotage the government's efforts to stabilize the naira at 200 after a 25% devaluation. When policies or laws are implemented, they can only succeed if those closest to the people support it through obedience.

People are not allowed to buy alcohol in stores if they are less than 21 years old. This is government policy. It is the liquor stores and supermarkets through their check out counters that enforce this. If these stores all come together and decide to not check identification, the law will be null and void without being voided.

Yes, the effect of the naira trading unofficially at 320 instead of 200 is being felt because of the failure to adhere by the above. There is pretty much a gang up to devalue the currency unofficially so that the official devaluation can now take place with ease as its ill effects have already been factored into the economy. This is simply put a manipulation of the currency system to force through an official devaluation by those entrusted to enforce it on behalf of the government.

Norway's largest export is CRUDE OIL and over the past two years, the Norwegian Krone has depreciated by 35% approximately to the $. Norway's foreign exchange reserves are approximately double that of Nigeria at about $57 billion. Nigeria's currency has depreciated by 25% and people with vested interests are gunning for another 50% - 60%.

The question I ask all of you: Sincerely, who does the naira further devaluation really benefit? The Nigerian people or those not from Nigeria but, who like to do business with and make money from Nigeria while flying in and flying out? Trust me, the naira devaluation favors businesses in the short-run a lot more than the benefit to the Nigerian economy in the long-run.

The Central Bank of Nigeria has failed the people of Nigeria by allowing those entrusted with the responsibility of executing transactions at the official to not do so and get away with it. In terms of boosting non-oil exports, the Central Bank needs to exchange non-oil exports at the unofficial rate so as to boost the incentive for farmers to expand their operations.

When agricultural production and exports pick up, then, Nigeria can devalue further and let the farmers reap more from increased exports. Unless Nigeria wants to continue going through this cycle every 5 - 10 years of devaluing its currency and becoming more financially dependent on foreign powers, the knee-jerk reaction of devaluation during commodity price slumps has to stop.

Kenya and Ivory Coats are classified as a bright spot in Africa now; its major exports are soft commodities. Senegal and Morocco have also been mentioned and neither are largely dependent on hard commodities as their number one foreign exchange earner.

To continue reading go to http://judefejokwu..com

The African debt situation is getting out of hand. Our leaders take the brunt of the blame. Those that are supposed to be helping African countries in financial crises are apparently part of the problem.

Details are available at Dialectic Africa Analyst. Do a google search

Dear Intellectual,

The CBN is NOT meeting ALL legitimate requests for forex as it states it will into perpetuity. The regular 'talkers' in the media keep talking about speculators being the bane of the exchange rate and dollar supply crisis presently engulfing Nigeria. I do not share this "off-the-cuff' view. The widening disparity is caused by wrong 'signalling.' The CBN is not meeting all legitimate requests for dollars while stating that it will. This sends a wrong signal by showing everyone that dollar supply is being rationed. If something is being rationed (excluding sadism,) it is because it is in short supply relative to demand. Panic sets in and demand increases geometrically in the expectation that dollar scarcity will get worse and everyone that needs dollars (now and in the future) tries to get some now before supply gets worse or dollars gets exhausted.

This is forcing people with legitimate and illegitimate dollar requests to meet their needs elsewhere, which has increased demand from BDCs in excess of their CBN allocation which has been reduced twice in the past two weeks and is now at $10,000 weekly. The black market acting as a market of last resort meets the leftover rising demand at ever increasing prices to suppress demand and/or increase supply of dollars from those who may be hoarding it but hopefully can no longer resist the surreal exchange rate.

The banks are also applying the black market rate for their customer dealings (sabotages the CBN's efforts) through foreign ATM withdrawals and foreign currency online purchases. This increases the pressure to devalue, increases inflation and makes banks reluctant to meet legitimate requests from its retail customers at official rates. The desire to round-trip and make 30% - 40% PROFIT and rising by supplying their limited supply of dollars to the BDCs and black market dealers instead of meeting direct customer demand is too alluring to resist. This is why only 3 or less banks still selectively meet request for PERSONAL or BUSINESS Travel Allowance. Banks are not interested in supplying dollars at the official rate locally to customers when they already pay out dollars to foreign banks on behalf of customers at the black market rate.

Crisis is looming fast and the CBN governor may become the ultimate scapegoat. He is playing Russian Roulette with the Naira and the economy indirectly. He is serving two Masters, the banks where he came from surreptitiously and trying to save his job by hopefully pleasing someone who did not appoint him.

People can still not make foreign currency cash deposits into their bank accounts for the past four months. It has not helped narrow the spread between the official and black market rates while destabilizing people and their businesses. Bank customers with foreign-denominated bank accounts in Nigeria are complaining that the banks cannot even cash their over -the-counter checks and give them funds from their dollar accounts when they need it! If banks could receive cash deposits of dollars, the current scenario would not be this bad.

Those at the helm of affairs should allow banks to receive cash dollar deposits to allow banks have bottom-level supply of cash to meet dollar demand at the branch level and travel allowance requests. Banks have pretty much on their own refused to meet travel allowance requests from customers while the Central Bank keeps mute as a bad situation has gotten worse. The CBN must meet all legitimate requests for dollars in a timely fashion (as it said it would and is not) and consequently drain foreign reserves or devalue the currency officially. You cannot have it both ways. The attempt to have it both ways has created and is creating more chaos that is causing massive business disruptions which is hitting economic growth.

Late President Yaradua did not renew the term (he was interested in another term) of CBN governor Soludo who was appointed by President Obasanjo. Late President Yaradua appointed Lamido Sanusi. President Jonathan took over and did not let Lamido Sanusi (who was not interested in another term) complete his term, firing him unceremoniously in February 2014. President Joanathan did not appoint Lamido Sanusi. President Jonathan appointed Godwin Emefiele. President Jonathan is no longer in power. President Buhari is now dealing with a CBN governor he did not appoint. What is the next scene in this unfolding drama?



Oil exporting countries in a down market and stock market performance.

Nigeria: 22% DECLINE

Mexico: +0.83%

Russia: +27% (also has economic sanctions)

Canada (TSX): 11% DECLINE

UAE: 19% DECLINE

Venezuela: +275% (the power of the RETAIL investor on show)

Norway: +2.3%

Three of these countries are OPEC members and three are not. It is not an automatic fact that a persistent decline in oil prices will crash the stock market of an oil exporting country into negative territory. I agree it is a ready-made, surface-level logical excuse. It is time to look beneath the cracks of the crash and find out what are really the underlying issues beneath the surface and tackle them. A persistent rise in oil prices may just paper the cracks over and we all go to sleep once again. Earthquakes take place in a split second but the fault lines do not form in a split second.

Dear Intellectual,

The CBN is NOT meeting ALL legitimate requests for forex as it states it will into perpetuity. The regular 'talkers' in the media keep talking about speculators being the bane of the exchange rate and dollar supply crisis presently engulfing Nigeria. I do not share this "off-the-cuff' view. The widening disparity is caused by wrong 'signalling.' The CBN is not meeting all legitimate requests for dollars while stating that it will. This sends a wrong signal by showing everyone that dollar supply is being rationed. If something is being rationed (excluding sadism,) it is because it is in short supply relative to demand. Panic sets in and demand increases geometrically in the expectation that dollar scarcity will get worse and everyone that needs dollars (now and in the future) tries to get some now before supply gets worse or dollars gets exhausted.

This is forcing people with legitimate and illegitimate dollar requests to meet their needs elsewhere, which has increased demand from BDCs in excess of their CBN allocation which has been reduced twice in the past two weeks and is now at $10,000 weekly. The black market acting as a market of last resort meets the leftover rising demand at ever increasing prices to suppress demand and/or increase supply of dollars from those who may be hoarding it but hopefully can no longer resist the surreal exchange rate.

The banks are also applying the black market rate for their customer dealings (sabotages the CBN's efforts) through foreign ATM withdrawals and foreign currency online purchases. This increases the pressure to devalue, increases inflation and makes banks reluctant to meet legitimate requests from its retail customers at official rates. The desire to round-trip and make 30% - 40% PROFIT and rising by supplying their limited supply of dollars to the BDCs and black market dealers instead of meeting direct customer demand is too alluring to resist. This is why only 3 or less banks still selectively meet request for PERSONAL or BUSINESS Travel Allowance. Banks are not interested in supplying dollars at the official rate locally to customers when they already pay out dollars to foreign banks on behalf of customers at the black market rate.

Crisis is looming fast and the CBN governor may become the ultimate scapegoat. He is playing Russian Roulette with the Naira and the economy indirectly. He is serving two Masters, the banks where he came from surreptitiously and trying to save his job by hopefully pleasing someone who did not appoint him.

People can still not make foreign currency cash deposits into their bank accounts for the past four months. It has not helped narrow the spread between the official and black market rates while destabilizing people and their businesses. Bank customers with foreign-denominated bank accounts in Nigeria are complaining that the banks cannot even cash their over -the-counter checks and give them funds from their dollar accounts when they need it! If banks could receive cash deposits of dollars, the current scenario would not be this bad.

Those at the helm of affairs should allow banks to receive cash dollar deposits to allow banks have bottom-level supply of cash to meet dollar demand at the branch level and travel allowance requests. Banks have pretty much on their own refused to meet travel allowance requests from customers while the Central Bank keeps mute as a bad situation has gotten worse. The CBN must meet all legitimate requests for dollars in a timely fashion (as it said it would and is not) and consequently drain foreign reserves or devalue the currency officially. You cannot have it both ways. The attempt to have it both ways has created and is creating more chaos that is causing massive business disruptions which is hitting economic growth.

Late President Yaradua did not renew the term (he was interested in another term) of CBN governor Soludo who was appointed by President Obasanjo. Late President Yaradua appointed Lamido Sanusi. President Jonathan took over and did not let Lamido Sanusi (who was not interested in another term) complete his term, firing him unceremoniously in February 2014. President Joanathan did not appoint Lamido Sanusi. President Jonathan appointed Godwin Emefiele. President Jonathan is no longer in power. President Buhari is now dealing with a CBN governor he did not appoint. What is the next scene in this unfolding drama?



Oil exporting countries in a down market and stock market performance.

Nigeria: 22% DECLINE

Mexico: +0.83%

Russia: +27% (also has economic sanctions)

Canada (TSX): 11% DECLINE

UAE: 19% DECLINE

Venezuela: +275% (the power of the RETAIL investor on show)

Norway: +2.3%

Three of these countries are OPEC members and three are not. It is not an automatic fact that a persistent decline in oil prices will crash the stock market of an oil exporting country into negative territory. I agree it is a ready-made, surface-level logical excuse. It is time to look beneath the cracks of the crash and find out what are really the underlying issues beneath the surface and tackle them. A persistent rise in oil prices may just paper the cracks over and we all go to sleep once again. Earthquakes take place in a split second but the fault lines do not form in a split second.

Quick, simple and to the point.

1. The CBN is NOT meeting ALL legitimate requests for forex as it states it would into perpetuity.

2. This is forcing legitimate and illegitimate requests to meet their needs elsewhere, which has increased demand from BDCs in excess of their CBN allocation. The black market last resort meets the leftover rising demand at ever increasing prices to suppress demand and /or increase supply of dollars from those who may be hoarding it but hopefully can no longer resist the exchange rate.

3. The banks are also applying the black market rate for their customer dealings (sabotages the CBN's efforts) through foreign atm withdrawals and foreign currency online purchases. This increases the pressure to devalue , increases inflation and makes banks reluctant to meet legitimate requests from its retail customers. The desire to roundtrip and make 25% - 30% PROFIT by supplying their limited supply of dollars to the BDCs and black market instead of meeting direct customer demand is too alluring to resist. This is why only about 3 banks still meet request for PERSONAL Travel Allowance. Banks are not interested in supplying dollars at the official rate locally when they already pay out dollars to foreign banks at the black market rate.

Crisis is looming fast and the CBN governor may not survive it. He is playing Russian Roulette with the Naira and the economy indirectly. He is serving two Masters, the banks where he came from surreptitiously and trying to save his job by hopefully pleasing someone who did not appoint him .

People can still not make foreign currency cash deposits into their bank accounts. It has not helped the currency while destabilising people and their businesses.

I will leave it at that for now.

Two things for all of you.

Nigerians lie a lot especially within Nigeria where telling the TRUTH is looked at with disdain and deception is celebrated.

Secondly, you will NEVER SUCCEED in Nigeria beyond the simple average if you REFUSE to play the Nigerian game! The Nigerian 'game' is not something that God is or will ever be pleased about. It is purely evil.

You literally can't make an above average sum of money in Nigeria by holding onto principles and values of ethics and honesty. I don't care how good you really are or claim to be in your area of expertise. It's either you adjust to the rotten society (wickedness, dishonesty, deceit, corruption etc ) or you leave and go abroad or remain in penury within Nigeria or way below your appropriate playing level.

People don't dish out big money in Nigeria to people that have not shown them they are part of them and are wiling to be loyal to the Nigerian game and drop their 'holier than thou mantra.'

Most people in Nigeria use legitimate businesses as fronts for underhand dealings which is where the Nigerian game is played and the outrageous sums made.

Think deeply and not superficially. What you see AND what you are told is not what you get in Nigeria.

teddybear007:
Sorry if I ve to quote u, but truth has to be said. The pentecostal churches ve no issue with d catholics or other denomination but it is d Catholics who thinks that they re more holy dan d other denomination. Gracias.

The issue is with you in this case. You are NOT a Catholic and you now speak for them that they think they are more holy. This of course makes you dislike them more because you have spoken for yourself to yourself and then answer yourself.

To be honest as an observer over the years, the protestants (loosely used) were always more fascinated with the Catholics than vice versa. Fascination in the sense that they keep talking about them, bringing up erroneous comments like (they think they are holier) etc while the Catholics did not bother about any other denomination and frankly rarely try to convert anyone. In the other direction there is plenty of interest in converting "those people who think they are holier than us"

Best wishes. Live and let live. The protestants enjoy going on the offensive against Catholics first while the Catholics tend to be on the defense thereof, if they even bother to engage. If the offensive stops then, we can all live and let live. I am not going to hold my breath though. Try to make heaven the way you think best and let others do the same. The path taken to a destination matters though, getting there is the ultimate prize. May God help us all.

Best wishes

Gaidenk:
I was born and raised a catholic,was an alter boy for years at a major seminary ,one time even thought I'd be a priest lol,I'd tell you this bro. My questions and convictions took me out of the catholic church,if you do that its like the muslims killing a convert just that in this case u will be a mini outcast,excommunicated kinda,we refered to people who left the faith as "born again people,they say they have seen the light" lol funny tho. My elder sister married a protestant against relatives wills,some people didn't even attend her wedding,and until today some still feels she doesn't "have a marriage" cos it wasn't in the catholic church. So take my cue bro,don't force it,if she's yours she will come by,leaving the catholic cult like faith is only done by conviction no be gra gra. And I'd tell you from experience,DO NOT covert,Catholism as Christianity is questionable,but that's not what this topic is for So I'd leave it at this. Receive Grace to make the right choice.

There are people who have left other churches to the Catholic Church and some who left like you returned many years later AND VICE VERSA. I guess you are fine where you are and the Catholics you left behind are fine where they are.

We all have freedom to do what we want. If God did not give us freedom then, there will be no basis to judge us.

You do not need to bash a girl after dumping her to strengthen or rationalise your position for leaving her behind. If you find out you always have to or tend to, then, it is time to look inward. The problem may just be you and not her. The devil does not have a good story to tell about God banishing him from heaven
He has so MANY NEGATIVE things to say about God to defend his own actions and his justification for doing what he did that led to his banishment. We all know the problem is with the devil and not God. We also know the devil will never see things from this perspective. It is never about US, it is always about THEM.

Best wishes

Lawsimon:
this is how you fail exam. We were talking about the first church and I brought a proof that it wasn't catholic as you claimed, now you are bitting about the bush. Give us a proof that catholic is the first church simple. I'm quite sure that this is how you were taught right from your childhood.

I am not a small kid and hence rarely Make comments because of immaturity on this board where people rush to use abusive language as a defensive mechanism to discourse.

I asked you a question. Name the 1st church in YOUR opinion. Simple. If you decline then let's move on. Save the abusive language for someone else though, I sincerely advise you desist entirely. It does not benefit you in any positive way. Cheers

Donjowebs:
This is a thorny matter in today's "Christianity" which is predominantly dogmatic and denominational more to the detriment of "followers" . You don't want me to marry your daughter/son because I don't belong to your denomination, yet you won't segregate me when it comes to business? Why don't you classify money Protestant or Catholic?

In business you do a contract and if the terms are not acceptable the deal falls through and on to the next one.

It someone's base criteria for marrying are not met then the courtship should end quickly and also on to the next one. You cannot force someone all things being equal to do a business deal with you. Why something of a much higher importance as marriage? All people think about is the wedding ceremony and forget about the lifelong marriage. If people put more thought in the latter , there will be more happiness by single people and married people.

Human beings in their quest to achieve their goals are becoming more and more narrow minded and refuse to pay attention to the bigger picture. Get rich quick schemes are taking place everyday because it has to happen NOW! Later is not an option. Impatience to achieve and attain sending many people down paths of destruction unknowingly.

Lawsimon:
stop spreading lies, Catholic is never the first church. Were peter and paul who established many churches catholics. Abeg park well with this your dogmatism.

Which church is 1st? That church must still exist today. God said the gates of HELL WILL NOT PREVAIL against his church. So which church among all the different names today is likely the church that Peter was given the keys to? Just give me a name. That's all. You have plenty of options and more are being formed as I type.

funkyglitz:
Wait oooo I tot we ladies dnt hv a particular religion till we gt married so y d big fuss....anyways d man neva ready to allow the daughter marry ad d grl isn't worth it abeg dis hapnd 2 my frnd ad gues wat my frnd did #she go carry belle# for d guy ad d dad had no choice buh to rush d wedding as a last resort after mch beggin frm d parents,so she took dat as a last resort ad dey r happily married...al dis staunch catholic parents can b annoyin esp those wey b knights 4 d church

Don't court Catholic men if you dislike their faith! That is the beginning of serious problems.

repogirl:
What is so special about being a catholic sef? There is only one way to God and it is through Jesus Christ his son!

The bible never said only Catholics will make it into heaven so whoever is carrying catholic on the head as if it is an automatic passport to heaven is deluding himself!

Jesus is the only way, truth and life! Not the church you attend or the Pope, Priest, Pastor, Bishop, Evangelist or Reverend that you think is the epitome to holiness. They are all men and can fall.

Lady, you are losing the main point. Everyone has some sort of base criteria for their life partner. In Nigeria things like tribe , genotype, financial stability etc come to the fore. If less important (my opinion ) matters compared to one's belief in God and how to worship him matter then this matter should be at the top of the list.

If you do not agree on how to worship God who is love himself then I do not see any real love in that relationship. Let her find a Catholic man and vice versa . The desperation to get married in Nigeria is leading to a lot of wailing and gnashing of teeth here on earth and not hell. In love you must agree to agree to get married. This is not a business transaction.

owobokiri:
The government of the worst PHD holder will be by far BETTER than that of haughty secondary school drop out anywhere, anyday... Take away all the empty noise about corruption by this blundering tribalist from Daurra, Jonathan's government was by far more productive economically for this country... How many jobs have been lost since May 29? 5 months and no government yet and you are still there excited about a ubiquitous change? Define muguism for me... Get a grip, sis.

speak after four years. Your preferred leader had six. Judge upon departure. By then should have a better footstool to stand on. Cheers [color=#990000][/color]

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We take a look at diversified business entities in Nigeria, Kenya, South Africa and Mauritius. Centum Kenya leads the pack while UAC Nigeria struggles and Beige Holdings South Africa and Gamma Civic Mauritius incur losses. For details of this Africa investment story and more, kindly visit [b][/b]judefejokwu..com.

Overall, business is improving for the bank in a tighter business environment. Its non-loan business has significantly improved. Overall, the income being made on loans (factoring in the increase in MPR by 100 basis points in November 2014) is fairly stagnant despite the 10% increase in gross loans during H1 2015. The bank has not fully come to terms with the exact state of its asset quality. The bank is spending more time dealing with today and less on tomorrow. This has paid off for the bank thus far as net income grew by 12% year-on-year. Zenith Bank has had a good performance; this has been reflected as better in my opinion as asset quality has more theoretical than practical quality as porrtayed. Zenith is Nigeria's largest bank; we will have to wait till the end of 2015 to determine if it will remain the most profitable. I expect RoE to come in at 20% approximately.

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Do the largest banks by assets in different African countries also wear the crown of being the most expensive stock on their respective exchanges? Surprisingly, the answer is no, as most of the largest banks are not the most expensive. For details of this and other Africa original investment and economic stories, kindly visit [b][/b]judefejokwu..com

In difficult operating environments, I like to get a feel for the banks that are prepared to deal with the difficult times ahead. Sometimes in life, the simplest assessments tell a lot. I have picked one for today's article. Ten (10) Nigerian banks have so far released their H1 2015 results. This is not about profit this time around. I want to look at the two Double D's that Nigerian Banks are fixated on; the former perennially and the latter temporal. Deposits and Debt (could be borrowings, securities issued or on-lending facilities.)

First Bank increased its deposit base over the first six months of 2015 by $376.5m and reduced its outstanding debt by $412.2m. First Bank succeeded in adding what it values and reducing a burden on its books. If the bank succeeds in reducing its net debt by another $169m, by the end of the third quarter, it would have brought its debt level back within viable investment levels. The bank succeeded in adding more of what strengthens it and reducing what is holding it back.

Barring any strategic change, the bank is best prepared (among banks with H1 2015 earnings released) to deal with the peaks and troughs it will face over the second half of 2015. Another bank worthy of mention is FCMB; the bank, following the principle of "caution is the watchword" was able to also increase its deposit base ($259.8m) and reduce its debt by $6.2m. I acknowledge that Stanbic also achieved the same feat, but, paid a hefty price for its deposits which negates the benefits of the increased deposit base coupled with a year-on-year spike and is therefore excluded.

The only bank among the three to still achieve a gain in pre-tax income was FBN Holdings and reduce its debt in excess of the increase in its deposit base.

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