Truth234's Posts
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CC osystein, HumbledbYGrace, mukina2 |
anigbajumo: |
United Nations officially lifted economic sanctions that have crippled Iran’s economy for more than a decade after the agency certified that Iran has met all the terms of the deal reached with the U.S. and European powers to curb its nuclear program. Iran has immediately commence efforts to boost oil production and exports even with current global supply glut, the Persian Gulf country is targeting an immediate increase in shipments of about 500,000 barrels a day, said Amir Hossein Zamaninia, a deputy oil minister for commerce and international affairs. “The plan to increase Iran’s crude exports by 500,000 barrels a day kicked off today as the oil ministry has ordered companies to boost production and oil terminals to be ready,” the official Islamic Republic News Agency reported. Going forward, Iran plans to add another half a million barrels within months, the additional sales is expected to push crude prices lower as markets are already oversupplied, said Robing Mills, a Dubai-based oil consultant. “There’s still the cloud of uncertainty around how much Iranian crude will come to market and when,” said Mills, Qamar Energy’s chief executive officer. According to Mills, global price impact depend on how aggressive Iran is in offering discounts and how quickly it sales rises. With the sanctions lifted, Iran gains access to over $50 billion in frozen accounts, funds the government says will help rebuild industries to make its economy more attractive to foreign investors. In a separate but related report, Iran and the U.S agreed to swap prisoners including Washington Post reporter, Jason Rezaian, a U.S. pastor and four Iranian-Americans accused of hacking U.S. companies. Though American officials said it was a coincidence that the swap discussion has been going on for a while, reporters believes it’s connected as it create more friendly atmosphere between the two nations. http://investorsking.com/iran-sanctions-lifted-plan-to-export-500000-barrels-a-day/ |
Newsprint is on life support, emoji are multiplying faster than hungry Gremlins, and 300 million people worldwide strive to make their point in 140 or fewer characters. People don't have the time or the attention span to read any more words than necessary. You want your readers to hear you out, understand your message, and perhaps be entertained, right? Here's a list of words to eliminate to help you write more succinctly. 1. That It's superfluous most of the time. Open any document you've got drafted on your desktop, and find a sentence with "that" in it. Read it out loud. Now read it again without "that." If the sentence works without it, delete it. Also? Don't use "that" when you refer to people. "I have several friends that live in the neighborhood." No. No, you don't. You have friends who. Not friends that. 2. Went I went to school. Or the store, or to church, or to a conference, to Vegas, wherever it is you're inclined to go. Instead of "went," consider drove, skated, walked, ran, flew. There are any number of ways to move from here to there. Pick one. Don't be lazy and miss the chance to add to your story. 3. Honestly People use "honestly" to add emphasis. The problem is, the minute you tell your reader this particular statement is honest, you've implied the rest of your words were not. #Awkward 4. Absolutely Adding this word to most sentences is redundant. Something is either necessary, or it isn't. Absolutely necessary doesn't make it more necessary. If you recommend an essential course to your new employees, it's essential. Coincidentally, the definition of essential is absolutely necessary. Chicken or egg, eh? 5. Very Accurate adjectives don't need qualifiers. If you need to qualify it? Replace it. "Very" is intended to magnify a verb, an adjective, or another adverb. What it does is makes your statement less specific. If you're very happy? Be ecstatic. If you're very sad, perhaps you're melancholy or depressed. Woebegone, even. Very sad is a lazy way of making your point. Another pitfall of using very as a modifier? It's subjective. Very cold and very tall mean different things to different people. Be specific. She's 6'3" and it's 13 degrees below freezing? These make your story better while also ensuring the reader understands the point you're making. 6. Really Unless you're a Valley Girl, visiting from 1985, there's no need to use "really" to modify an adjective. Or a verb. Or an adverb. Pick a different word to make your point. And never repeat "really," or "very" for that matter. That's really, really bad writing. If you are visiting from 1985? Please bring the birth certificate for my Cabbage Patch Doll on your next visit. Thanks. 7. Amazing The word means "causing great surprise or sudden wonder." It's synonymous with wonderful, incredible, startling, marvelous, astonishing, astounding, remarkable, miraculous, surprising, mind-blowing, and staggering. You get the point, right? It's everywhere. It's in corporate slogans. It dominated the Academy Awards acceptance speeches. It's all over social media. It's discussed in pre-game shows and post-game shows. Newsflash: If everything is amazing, nothing is. 8. Always Absolutes lock the writer into a position, sound conceited and close-minded, and often open the door to criticism regarding inaccuracies. Always is rarely true. Unless you're giving written commands or instruction, find another word. 9. Never See: Always. 10. Literally "Literally" means literal. Actually happening as stated. Without exaggeration. More often than not, when the term is used, the writer means "figuratively." Whatever is happening is being described metaphorically. No one actually "waits on pins and needles." How uncomfortable would that be? 11. Just It's a filler word and it makes your sentence weaker, not stronger. Unless you're using it as a synonym for equitable, fair, even-handed, or impartial, don't use it at all. 12. Maybe This makes you sound uninformed, unsure of the facts you're presenting. Regardless of the topic, do the legwork, be sure, write an informed piece. The only thing you communicate when you include these words is uncertainty. 13. Stuff This word is casual, generic even. It serves as a placeholder for something better. If the details of the stuff aren't important enough to be included in the piece? Don't reference it at all. If you tell your reader to take your course because they'll learn a lot of stuff? They're likely to tell you to stuff it. 14. Things See: Stuff. 15. Irregardless This doesn't mean what you think it means, jefe. It means regardless. It is literally (see what I did there?) defined as: regardless. Don't use it. Save yourself the embarrassment. Whether you're ghostwriting for your CEO, updating a corporate blog, selling a product, or finishing your doctoral thesis, you want to keep your reader engaged. These 15 words are a great place to start trimming the fat from your prose. Bonus? You’ll sound smarter. http://mashable.com/2015/05/03/words-eliminate-vocabulary/#Twj9XYqyXGqO Richiez, olawalebabs, Fynestboi |
ogbonti:I understand you very well dude, but please note that currency can drop from $1.52 to $1.33 with an hour. You don't even need a whole day. |
ogbonti:They are not wrong, that two weeks ago the exchange rate was $1.52 to £1 without commissions etc, after which £ continue to free fall against the dollar and current at 2008 low. |
theshield:But at least it will force them to reduce their rates. |
RAFIC: |
JAZES:The margin is really small but not widely available like BDCs, that is why CBN want them to have more outlets in order to reduce the gap between official rate and parallel market rate. |
suyamasta:Possibly but its better for the masses, we will get to buy dollars at lower rate. |
suyamasta:Yes |
lifestyle1:I think we can buy from any of the three, Travelex, BDCs and Banks, but Travelex sell at a more lower rate compared to BDCs and Banks. |
dominique, puskin, naijacutee, FOD |
The Central Bank of Nigeria (CBN) is currently proposing to replace Bureau De Change (BDC) operators with Travelex, a global foreign exchange dealer. According to the report, in an effort to ease the pressure created by CBN decision to discontinue sales of Forex to BDCs, CBN is grooming Travelex as an alternative forex dealer to BDCs across the country. “CBN’s desperation to meet dollar demands from banks. Government agencies and importers prompted the decision to give dollar import license to Travelex”, said Aminu Gwadabe, a chief executive Officer at SABIL Bureau De Change Limited. He further stated that “Travelex has secured approval to open more offices across the country where dollar will be directly sold to banks, government and other end-users in a move to bridge the current supply gap of Forex in the economy.” Gwadabe believed that even though Travelex is licensed as a wholesale supplier and forex importer into Nigeria, BDCs retail segment remains its intention. He insisted that the current move by the CBN will finally allow Travelex to take over the retail segment of the BDCs. A CBN official, Ibrahim Mu’azu said “CBN’s decision to stop funding BDCs will create room for Travelex to do more Forex retail business going forward, they have been in the market for a long time” The general manager of Travelex Nigeria, Anthony Enwereji admitted that the fact that the company sells dollar at a very low rate is its advantage over the BDCs. http://investorsking.com/cbn-to-replace-local-bdcs-with-travelex/ |
SangoCrusader:Since Angola devalued, her currency has fallen 40%, they just cut their 2016 growth outlook after declining from 5.1% to 3.8% in 2015. It is even about to get worst with crude oil heading towards $20 a barrel. The Bloomberg link you posted shows a decline of NSE to 3 year low but if you juxtaposed that with other emerging economies you will appreciate our economy the more. China stocks dipped to 9 years low, that was prior to recession level and there are far worst economy. If the world second largest economy is struggling that much, I don't see how we are worst. |
SangoCrusader:Sir I just opened the link you gave, what Russia did can't be called devaluation, Rubble was already trading at 71.29 a dollar and the government step in and set it at 70.74 a dollar. This was after August 11th China devaluation that plunged the world global equity, Russia foreign investors and central bank were already saving in Yuan because of sanctions, that was even before IMF approved its current status as reserve currency, so it is important Russia central bank step-in as its investors suddenly discovered their Yuan is now worth less than its initial value so instead of allowing market to continue to dictate Rubble price, what government did was to get on top of the situation before rubble slide any further. Also our situation is different from Russia that is battling numerous sanctions. Again, we have one of the best performing economy among emerging economies, all the Asia pacific currencies are struggling, Malaysia currency currently at 12 years low, same with Indonesia, Philippine etc. Our FDI is not attractive because foreign investors only want to profit from the economy and the only way for them to do that is devalue. Please note we don't have the best situation, CBN and government are just making the best use of what we have. Devaluation of Naira beyond what it is will increase inflation, reduce job creation as majority of our manufacturing companies depend on dollar for importation of raw materials, they will rather cut production than take loan with 25 to 30 percent interest to balance the difference. |
SangoCrusader:And is their economy better than ours at the moment, see Nigeria have one of the best economy currently. All the countries you mentioned are struggling without options, that was why they devalued. South Africa currency, Rand declined 9% today even though its not fixed like Naira, the economy is the most affected among emerging economies. IMF should go and do something about those first, at least their currency is not fixed, how come they are suffering the most?. Russia didn't devalue, after Angola devalued, Kwanza has slide 40%. Since China yield to pressure August last year and devalued Yuan, it has devalue 5 times after, causing global equity to lose around $4 trillion. The same people that pressured China are the one complaining China policy is responsible for global economic rout. You know what they are doing now? Withdrawing and leaving China to her fate. Chinese government have stopped trading twice this new year to stop people from withdrawing because of the damage it is causing to the entire economy. It is simply wrong to measure the strength of an economy against the most appreciated currency in the world for the past 12 months. Naira is not the best but trust me we are far from the worst. |
Atlantian:Lol.. Previously you can't deposit foreign currency but that restriction has been lifted in today's circular. You might still have to go through them if you are paying school fees so you can access forex at bank rate. |
Atlantian:Yes if you are wiring your deposited foreign currency. |
puskin but why did you closed this thread https://www.nairaland.com/2858666/cbn-stops-forex-sale-bdcs |
agabaI23:Make a lot of sense, BDCs are the speculators driving parallel market price. They should go and source for their forex and not use personal gain kill our foreign reserves |
The Central Bank of Nigeria (CBN) has formally announced that it would no longer sell dollars to Bureau de Change (BDC) operators. Since over 70 percent drop in the price of crude oil, which contributes the largest share of national Foreign Exchange Reserves, the country foreign earnings has dropped from US$3.2 billion to US $1 billion, which made it hard to meet the increasing demands for foreign exchange by domestic importers. According to the apex bank, in 2005 when oil prices was US$50 a barrel, average import bill was N148.3 billion per month but in 2015 average import bill for the first nine months of 2015 alone was N917.6 billion per month, even at lower oil prices of US$32.60 as at today. This has depleted foreign exchange reserves which stood at about US$37.3 billion as of June 2014, but currently around US$28.0 billion. In order to avoid further depletion in the reserves, the Central Bank of Nigeria has decided to provide forex services for payments of school fees, BTA, PTA, and related expenses. Importation of petroleum products and matured letters of credit from commercial banks will be honoured. Despite difficulties the bank is facing, some Bureau de Change (BDC) operators across the country are said to have become wholesale dealers in foreign exchange, selling to the tune of millions of dollars per transaction instead of the original directive to only serve retail-end users who need US$5,000 or less. Thereafter, using fake documentations like BVNs, boarding passes, flight tickets and passport to render weekly returns to the CBN. These operators sell to ordinary Nigerians as high as N282 per dollar while CBN sells dollar at 197. In spite of the financial burden being placed on the bank’s limited foreign exchange, the bank has decided to stop selling foreign exchange to bureau de changes operators. However, they can source for their foreign exchange from autonomous sources but should conform to the anti-money laundering laws. People with ordinary domiciliary accounts can now deposit foreign currency cash into their accounts with effect from today, the report said. http://investorsking.com/cbn-stops-forex-sale-to-bdcs-cash-deposit-allowed/ |
GraceBestowed:You need to see the way he knee down to apologize to pressmen for making them wait. https://www.youtube.com/watch?v=6x7fXeyFWkg |
Boss13:Not gift but part of their deal. Its not a normal music deal, seems like a endorsement/business partnership because they are doing promo that includes Dbanj koko gari. |
Luxiana19:It means something is wrong, they probably know what we don't |
Ginaz:But why? |
Ikechukwu Top on the list is Ikechukwu, when he had misunderstanding with the now Mavin boss that caused him a album deal after his hit song, Now is the time feat. Don Jazzy himself. According to Vanguard publication on October 21, 2011 "we had a few misunderstanding along the line and called off the album deal". Baba provoke, who dare the Don, those abs aren’t nothing. Duncan Mighty Duncan Mighty the king of South, Port-Harcourt first son, is another notable artist that the Mavin boss refused to sign because he jumpstart, announced the supposed deal before the boss himself, such action is punishable under the Don's rules. Baba J tear agreement paper immediately. "We had a meeting and I wanted to sign him or do a promotion deal with him. And since he’s also a producer, maybe he’ll be as a sort of co-producer for my label to help reduce some work load. But now, the same thing that happened with Terry G at some point happened.", said Don Jazzy. He further explained that "Because if it’s Mo’hits Records, everybody gets excited. We haven’t signed any deal and he went ahead to tell people that he’s been signed to Mo’Hits. I was in America when I read on the internet that Duncan Mighty has been signed to Mo’Hits Records". In Mavin, people don't get excited until the boss says so. I mean how could Duncan Mighty, he is dealing with Don Jazzy mehn. Terry G Terry G situation was a perfect example of over excitement when he announced a deal before the boss, Don don't spare such act. Baba J cancel deal straight, even mentioned it in an interview. Untouchable Don Jazzy I salute. Here is a link to Don Jazzy interview with Vanguard in 2011 http://www.vanguardngr.com/2011/10/why-i-cancelled-ikechukwu-duncan-mighty-deal-%E2%80%93-don-jazzy/ Dbanj The biggest of them all is Dbanj, Eja Nla but not when the boss, Don Jazzy felt his partner not a signed artist oh was out shining him, a producer. Even though Dbanj was the one that elevated him to the Don status he now enjoy. He pulled the plug on him when he least expected, eja nla run from pillar to post, hehe, Don don’t renege or bargain, not even refund, every sales is final. The rest is history as we all know how Dbanj is now fighting for his career, let’s hope he wins this fight. Wande Coal Wande Coal is another amazing talent that crossed the boss path, a seemly smart artist that the boss thought he was a kid and could easily be put to rest with few tweets but mehn that guy talent is so huge that is light won't go off, though he is still fighting his own battle with his career after the boss called him out on twitter. Olamide, Not ruined but fresh The hottest of the hoties, Olamide, Baddo, Eyan Mayweather awon ti 50 cent sneh and Don Jazzy issue started when Olamide felt insulted when one of his artists, Lil Kesh, nominated for Headies next rated award failed to win but Don Jazzy up coming art, Reekado Bankz was awarded. Action Olamide deem fit to address (without mentioning Don baba) but Don won’t have non of those diplomatic nonsense, grab the mic called out Olamide on stage to come and take the car meant for the winner. Baba reiterated how big he is in case that street boy called Olamide has forgotten his place. Baba J said he can afford to buy another car for his artist. Hehe, that street boy called Olamide has been jumping up and down on twitter since then, insisting he is no Dbanj. We are yet to see how this will play out but in case you are Olamide fan, go on your knees now and start praying. Happy New Year. |
Ali929:Wrong marketing concept, if he didn't bribe it would have been given to Korede bello but Mavin made smart move, Korede Bello has better fan base than Reekado Bankz and can headline shows, why promoting such art? Trust me, people in the industry knows better. |
Diaryofnaija:Yes bro |
AirstarKane:It's a good thing you are energetic and passionate about varieties of things but the truth is it is hard to get it all started at once. You need to focus on one particular idea and put all your weight behind it. In identifying your passion, ask yourself this question, what is it you are passionate about that without been paid you can do for free, and be sure your answer correspond with you core values, moral and personal conviction. Once you are convinced you found it. Don’t wait until you have everything figure out before you get started, early this week I read how MissTechy, a Finance graduate got started with her blog even with a full-time job. In her words “Before I started, I kinda believed that It wouldn’t be soooo difficult, boy was I wrong! Due to the nature of my Job, I mostly had time for Misstechy in the wee hours of the morning, usually before 8 am.” Today her blog is ranked 102,763 globally and 670 in Nigeria. You can read more on her thread https://www.nairaland.com/2814800/2015-retrospect-how-balanced-blogging You don't even need to be successful at everything to be a success, just one particular idea you are passionate about will open that door. Folorunsho Alakija started as a fashion designer, Mike Adenuga was a taxi driver and now they own businesses in almost every sector both in Nigeria and abroad. |
aim5: |
There are so many people today who think that their twenties are a time where they must struggle financially. However, this doesn’t have to be true. There are in fact ways to become a millionaire before you hit 30. If you dream of becoming a millionaire in your twenties, here are five of the most important things to keep in mind to achieve financial success beyond what you may have never dreamed possible. 1. Ignore traditional industries. Lawyer or doctor is not on a path to becoming a millionaire in your twenties. Those professions require many extra years of schooling, which costs a lot of money. You will likely be repaying your student loan debt well into your thirties, or even later. Plus, individuals with these jobs often have a very real earning ceiling that is difficult to break through. You may never reach millionaire status. Focus on new industries, such as Internet marketing. In today’s social media-centric world, jobs such as Internet marketing do not have an earning ceiling and don’t require a lot of training or education. Consider the balance between cost of education and earning potential. 2. Don’t focus on making millions. If your focus is making millions, or how much money you can make from a venture, you will never achieve as much success as you could by focusing on making the best company that you can. Plus, if you put that quality product or service out into the public and eventually earn millions, you will start to feel very proud of yourself for the product you made, the work you did and the reward you received for this type of hard work. Focus on making the best product and service possible. 3. Keep educating yourself. Study and read as much as possible. If you are tackling a new industry where everyone already wants to be king, it’s crucial for you to have an advantage. The best way to do this is simply to read as much as possible. I have a number of millionaire students invested in my program. None of us (myself included) are particularly gifted at math. We are not the smartest people on the planet. However, we do work our butts off. We read, we educate ourselves and we work around the clock to be the best versions of ourselves that we can be. Forget, 9-5 jobs, we are all about the 15-18 hour days. Every day. 4. Be willing to make sacrifices. You need to be make sacrifices to make this much money this early in life. You need to spend less time hanging out with your friends and family. You also need to put a lot of things second and your career first. Relationships, starting a family and hanging out with friends, need to come second. Work needs to come first if you want to thrive in today’s demanding economy by making superior products and services that will earn millions. Everyone wants that perfect work/life balance, but you have to accept that it won’t ever be the perfect balance if you want to be in the top tax bracket at the end of the year. 5. Focus on what you love and fix a problem. To fully invest yourself in an industry and make millions, be sure you are focusing on what you love so it doesn’t seem like work and sacrifice to get your business off the ground. Focus not only on the right industry for you but on fixing a problem within that industry, so you know it has value to your consumer base. Don’t allow a lack of technical skills to hold you back. You can always find technical skill. What you can’t just “find” is true passion or heart. Regardless of what niche you choose, make sure you are in love with it first. You would be surprised by how far true passion can take you. It just may be able to take you to that million dollar status you have been dreaming of. http://www.entrepreneur.com/article/254258 |
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