₦airaland Forum

THE sage and founder of the modern Yoruba
nation, Chief Obafemi Awolowo has been
named as the Yoruba Man of the century.

Lagos – Vanguard

The Naira on Friday depreciated by
N5 to the dollar as it traded N215 at the
Bureau De Change (BDCs) segment of the
official market.
It also depreciated by N7 at the black
market, selling at N217 to the dollar.

A dealer, who preferred anonymity, told the
News Agency of Nigeria (NAN) in Lagos that
the depreciation might be due to the closure
of the Retail Dutch Auction System (RDAS) by
the CBN.

It was closed by CBN on Feb. 18.
RDAS is a foreign exchange window at CBN
where the Bureau de Change and
commercial banks buy forex.
The dealer said that the CBN’s decision,
which was meant to control speculations,
had made other currencies to be scarce.

He also said that dealers were left to source
for forex only at the interbank market unlike
in the past when they had three to four
segments to buy.
Besides, the Naira against the pound at the
BDCs exchanged for N332 from the N307 it
sold on Monday.
It went for N335 at the black market from
the N314 it sold four days ago.

The Naira lost N5 to the Euro to sell at N240,
when compared with the N235 it sold on
Monday Feb.16 at the BDCs.
The currency, at the black market, traded for
N244 as against the N237 it traded on
Monday. (NAN)

lestat:
As in you made a Borderline inappropriate comment because a bunch of guys gathered in a room and called themselves representatives of the Igbo youth? who are they representing? At times i wonder how mentally sound are most Nigerians generally? Seriously sir you are very immature. I know for one these jokers don't represent Anambra state nor Abia state, so who are they representing? Better grow up

agabusta:
But they impeached Clinton then, and he still served his term out. Is that not an indication that their upper house can also 'technically impeach'?? Because I heard the senate did not impeach him was what made him to complete his tenure.

soe:
wow thnx for the correction..what was i thinking?

Exactly, states needed to be equally represented in the lawmaking power equation.

soe:
May i have your attention please.

Nigeria runs what we call a " binocular bicameral legislator"

In other words, the job of one legislative arm is handled by two.

The reason is very simple.

The Senate reflects Equality of states

36 states produce 3 senators, FCT produces 1.
(36*3)+1=109senators with equal power


The House of Reps reflects the equality of every citizen.

In this case, every state is given rep mrmbers based on their actual population. Lagos has one of the highest number of honourables (24), same as kano (24), then bayelsa and nasarawa are the least with 5 seats each before FCT (2 seats). But the total number of honourables is 360.

The senate was created because most states felt cheated based on the population thingy, so we decided to make all states have the equality in the senate.

I hope you understand?

We must understand the preacher’s language
before decoding his message. If Obj can take a
swift and prefer General Buhari to Jonathan, a
puppet he dedicated his energy and resources to
win 2011 election, then as an average Nigerian,
we should have a rethink and ask our leaders
what is so special in Aso Rock.

dkronicle:
c as him open mouth

Tungsten:
Hehehe! Paid millions to sleep? Our Nation needs help O!

But come what may, Man must sleep.

asadike:
Obasanjo is a disgrace to elders,I don't blame him, I blame joe wey for don put d lazy farmer for prison since.

braine:
Keep.

The former President also alleged that Jonathan was
engaging in “the do-or-die” politics played by the
former President of Cote d’Ivoire, Laurent Gbagbo.
But the Ohanaeze Youth Council warned Obasanjo to
stop inciting Nigerians against the President, who,
according to the group, “has dwarfed the
achievements of all former Nigerian leaders.”

zyzxx:
do u think we still av hosea in dis age bro?

zyzxx:
ezekeil Or hosea ?

zyzxx:
How did she survive?

she will now end up in church and someone will end up marrying her.

apcmustwin:
hehehehehehe odun were oloriburuku aashiieeere ashi gbe wardi, omo were alasho .

“When four years ago Dr. Goodluck Jonathan
said he would not run in 2015, he had then
promised that [color=crimson]‘if voted into power within
the next four years, the issue of power will
become a thing of the past. Four years is
enough for anyone in power to make
significant improvement and if I can’t
improve on power within this period it then
means I cannot do anything even if I am
there for another four years.”[/color]

haul:
dude stfu! And stop fagging around, you dished out spurious words out yet you still feigning being correct!! Snap out of you 2D view and pick up an HD glasses to view my post again,and stop acting like a nagging lady .

apcmustwin:
Asinwin omo were to ye ki were to bi e tifi se menstration danu danu.

President Goodluck Jonathan has urged
Nigerians to speak nice and peaceful words
ahead of the forthcoming elections...The
number one citizen made the address
through his Facebook page as he reiterated
that it is well with Nigeria...He said;