₦airaland Forum

judebebo:
Is there any scholarship opportunity for PhD students in new Zealand?

Yes but you have to go through their website for their requirements.

hamid641:
lke how much it will cost me to spend

Universiti Teknologi Malaysia, Universiti Putra Malaysia etc

Those are government universities, just check online. Cheap too

Dharniel:
i think it's high time we took our reasoning to another level, what if she was truly raped? what if her accusations and claimes are not false?

The hotel security would have alerted the police, not asked her out of the hotel. If you will recall Ex-International Monetary Fund chief Dominique Strauss-Kahn rape case in 2012, with his money and fame they called the police on him.

I am still wondering how she will win this case, if those around at the time thinks it was consensual. This medical report won't do much!

adamilen:
Wow...Money is really not everything.

Not at all, they struggle like everyone of us. Double blessing for them this time, I am sure a lot of things led to this revelation.

In Mark Zuckerberg words on his Facebook page, Priscilla and I have some exciting news: we're expecting a baby girl!

This will be a new chapter in our lives. We've already been so fortunate for the opportunity to touch people's lives around the world -- Cilla as a doctor and educator, and me through this community and philanthropy. Now we'll focus on making the world a better place for our child and the next generation.

We want to share one experience to start. We've been trying to have a child for a couple of years and have had three miscarriages along the way.

You feel so hopeful when you learn you're going to have a child. You start imagining who they'll become and dreaming of hopes for their future. You start making plans, and then they're gone. It's a lonely experience. Most people don't discuss miscarriages because you worry your problems will distance you or reflect upon you -- as if you're defective or did something to cause this. So you struggle on your own.

In today's open and connected world, discussing these issues doesn't distance us; it brings us together. It creates understanding and tolerance, and it gives us hope.

When we started talking to our friends, we realized how frequently this happened -- that many people we knew had similar issues and that nearly all had healthy children after all.

We hope that sharing our experience will give more people the same hope we felt and will help more people feel comfortable sharing their stories as well.

Our good news is that our pregnancy is now far enough along that the risk of loss is very low and we are very hopeful.

Cilla and our child are both healthy, I'm extremely excited to meet her and our dog Beast has no idea what's coming. In our ultrasound, she even gave me a thumbs up "like" with her hand, so I'm already convinced she takes after me.

We're looking forward to welcoming her into the world and sharing more soon when she's ready to come out and meet everyone! said Mark.

This is what we call double blessing, amazing 2Q earnings and now this. Congratulation to Zuckerberg family.

http://investorsking.com/facebook-ceo-expecting-a-baby-girl/

delishpot:
See, greedy and wicked people can still manipulate and abuse everything. From tissue paper to garri. Cos what you have, others have it too and all parties can be pitched against each other to influence prices.
One can never be in total control of anything not even ones life.
I agree that we are over dependent on oil. Branching out into other ventures will make a lot of sense for Nigeria

As a nation, there are resources you can control and if any mismanagement occur due to financial recklessness, we will know who to pin down. In a global sphere it is completely different. Crude price is determine by external factors that our government can't do anything about. It is just high time we diversify into other sectors with vigor and if we must negate possible future catastrophe due to oil price fluctuation.

Abugab:
The oil is a blessing and we shall soon see that.
The curse has always been the few people who mismanage our oil wealth for selfish and greedy personal gains. We don't have a single problem with the oil or any other natural resources. We are the problem.....

I think its because oil money is easy, extract, sell and follow by sharing process. If it is agricultural sector, no politician will wait for five years palm tree require for harvest .

delishpot:
Its a blessing. Every good thing is a blessing until it falls into the hands of ignorant, selfish and(or) greedy people. Even then its still a blessing in the hands of unfit people.

That is true but our problem has always been over concentration on this oil. I think it is high time we focus on resource we can control in entirety

The Nigerian economic crisis is getting deeper and there seems to be no succinct plans in sight to curb the continuous degradation of the economy. Nigeria is one of the largest crude oil producing nations and 90 percent of its foreign exchange earnings are generated from crude oil sales.

In June 2008, crude oil peaked at $147.42 a barrel, the highest in the history of the world. Nigerian foreign reserve likewise grew from $45 billion to $63 billion in September 2008 before the global economic situation hit the embattled nation in November 2008, when oil price dropped to $32.40 a barrel.

The problems of Nigeria’s economy was further compounded when U.S oil production increased, and therefore stopped importation from Nigeria in 2014. In December 2014, India (who had replaced the U.S) also reduced its importation by 38 percent to 5.3 million barrels — from 13.7 million in October and 12.4 million in November. China did not import a single barrel for the said month after initially reducing its importation by 50.3 percent.

There were several effects on the economy of Nigeria (home to over 170 million people) for two reasons: Firstly, Nigeria only had contractual agreements with a few countries and as such sell on “spot”, two, the country overly depends on crude oil to finance capital expenditures and with crude oil price currently $48.08 a barrel from last year’s peak of $107.64 on June 13th. The question is how would Nigeria avert her economy rout with falling oil price?

Since the drop in oil price globally, the Central Bank of Nigeria (CBN) has adjusted its exchange rate five times, even after the introduction of tight forex controls in February; the latest on Thursday ahead of a Monetary Policy Committee meeting. The currency exchange rate is presently 197 to the United States dollar and CBN promised it would be sold to customers through interbank at 198. It’s a different story at the parallel market where Naira is 244 to a U.S dollar.

In the past months, over 20 states has reportedly failed to pay their worker’s salary, a situation termed disgrace by the president Muhammadu Buhari who was forced to devise a bailout of $3.4 billion to offset the deficit of the affected states — in an effort to curtail further civil actions from civil servants.

The Nigeria GDP rose to $594.3 billion for the first time in 2014 and became the biggest economy in the whole of Africa. According to report from National Bureau of Statistics (NBS), the service sector contributed the most, 42.6 percent to the total GDP, while industry was 25.6 percent, agriculture and oil sectors made up 20.6 and 11.2 percent respectively. The report shows that service is the fastest growing sector followed by industrial sector. The agricultural sector growth rate has been hindered by lack of finance and limited skilled labour — many preferring to work in the lucrative oil sector of the country.

The economy has been impeded by lack of a diversification strategy that could leverage its vast resources and unlimited man-power for growth. Excessive focus on crude oil has created a one way foreign revenue channel, that any slight fluctuation in global oil price (beyond Nigeria’s control) impacts the entire nation. It is obvious that Nigeria cannot continue to depend on oil for growth. The NBS report has shown that oil growth was only 6.3 percent and contributed only 11.2 percent to the entire GDP —the lowest among the sectors. The truth is Nigeria is currently surviving on sectors with less focused attention, but one wonder why due diligence is not done to elevate those sectors in order to create a permanent solution to oil’s unpredictable nature?

http://investorsking.com/nigeria-oil-a-curse-or-a-blessing/

feldido:
Not bad... But PayPal should allow us receive funds in Nigeria na.
I don tire for backyard means.

It will happen now, several business decisions of Paypal was hindered by ebay/Paypal brand. It wasn't growing at the same pace with competitors even though it has the potential.

The break up is necessary for growth, though its a good business strategy. The next thing is for Paypal to keep expanding because Apple is launching its own payment system called Apple Pay and so is Facebook test running payments in messenger.

kenny1795:
I dnt understand a thing

Paypal is now free to run its own business like every other technological company, unlike when it was a subsidiary of ebay. Good news for all Paypal shareholders

As far as divorces go, the split up of ebay and PayPal has been so far a reasonably amicable one. What’s ironic is ebay bought PayPal for $1.5 billion in 2002, while its value today estimated to be $45 billion. Conversely ebay is today valued much lower at $30 billion. This has been a large driving force for the merger with active investor Carl Icahn stating “PayPal’s a jewel and eBay is covering up its value.”

ebay’s last quarterly results also seem to back this up showing PayPal’s revenue growing by 20% compared to ebay marketplace down 1%. In the release of final figures for the joint company (Q2) to June 2015 eBay reported earnings of $931 million, or 76 cents per share. This is up considerably from the same period last year which came in at $883 million, or 70 cents a share. However PayPal’s dominance is obvious, contributing $2.26 billion of eBay’s Q2 revenue. ebay’s marketplace business contributed $2.12 billion to the joint company.

Another reason for the split is that they are both very different businesses operating in different markets. Elon Musk one of the cofounders of PayPal agrees: “It doesn’t make sense that a global payment system is a subsidiary of an auction website. It’s as if Target owned Visa or something.” Separating them will allow each to focus on their own set of unique priorities.

There’s another factor: technology markets change very quickly and a business needs to be responsive to change if they are to survive. PayPal in particular faces new competition with Apple Pay (which allows payments via phone). Apple has shown an ability to make complex technology easy to use for their customers – and they have many millions of dedicated followers. The impact of Apple Pay on PayPal’s business cannot be underestimated.

The benefit to PayPal investors is clear with both Elon Musk and former chief operating officer David Sacks predicting that PayPal could in the near future be worth more than $100 billion. PayPal has already been expanding its business with a series of acquisitions such as Xoom (which transfers funds from America to many developing countries), Paydiant (which helps retailers to operate mobile wallets) and Braintree (which processes transactions for mobile apps). The separation from ebay will put PayPal in a strong position to continue this trend with around $6 billion in cash reserves.

The way forward for ebay seems less certain. Part of the problem today is that its growth was pioneered on being one of the first auction sites. Today it is viewed as an auction site, when consumers are tending to prefer a quick online purchase direct from stores. Never-mind that 80% of goods on ebay are offered for sale not auction, the perception persists. However ebay’s a stable investment too. US 85 billion worth of transactions were carried out on ebay last year. It’s hard to imagine that being rivalled by a competitor. Also without PayPal ebay will have more cash to focus on its own bread and butter operations.

All this is likely to benefit investors in both companies. While the saying goes that an entity can be worth more than the sum of their parts, in this case the reverse is true, the valuation of the two separate companies after spin-off is likely to be greater than their valuation as one.

http://investorsking.com/the-divorce-of-ebay-and-paypal/

favoured234:
I didn't read anything but the graph.. How can so much increase be made in a day?
Everyday is a potential million making opportunity

Yes o

living2013:
Smart brain = big wallet

Two in One. Who can beat that bro.

grandstar:
This is more than market cap of the Nigerian Stock Exchange!

Lol..Google market cap. alone is five NSE going by $80.8 valuation of our Stock Market

ThimmyWood:
Omo! see bizness, see money. God punish poverty big time.

Google new CFO is really trying, cut unnecessary expenses/investment. Just that strategy changed everything

Google adds $60 billion to its market value today, following the release of its 11 percent 2Q earnings. This is the biggest one day gain in the history of a U.S company, more than the size of Hewlett-Packard Co. Currently Google market capitalization is valued at $468 billion, at a rate of $697.64 per unit share. The rally put Google one step ahead of Microsoft Corp. (which currently worth $377 billion) in global ranking of world biggest corporations. Apple Inc. still remains the biggest corporation valued at $746 billion.

According to Bloomberg report this means that Google co-founders Larry Page and Sergey Brin has added $4 billion each to their networth in one day. Google second quarter net income was $3.93 billion, up from $3.35 billion recorded for the same quarter last year.

The newly appointed Google Chief Financial Officer, Ruth Porat said “Youtube currently has over one billion users, the number of people between 18-49 age group that watch Youtube videos on mobile devices is greater than the number watching cable television”.

At least 27 brokerage firms have raised their price targets for Google shares, with some predicting the stock could rise as high as $800.

http://investorsking.com/google-smashed-record-gained-60-billion/

Adesiji77:
The circular signed by the Director, Trade and Exchange Department of the CBN, Olakanmi Gbadamosi, stipulated 90 days for the repatriation of oil export proceeds and 180 days for non-oil exports.

Iyama said by implication, the policy mandated exporters to sell their forex to the CBN at the official rate of N199 to a dollar and the operator would not be permitted to sell to any other buyer.

He said, “For every $200m an exporter brings in, he loses N70m factories are closing every day and most of us have sacked many of our workers.”

The reason is because we do not buy produce at the official exchange rate. We buy at parallel market rate. We even borrow money to buy produce and the money is given to us at parallel market rate.

Government monopolizing forex without consideration for the ones they are to protect. Same people saying we need to diversify from oil are the ones impeding the diversification process with "nursery school" economy policy. Agro-allied industry is one of the largest employer of labour, if this is not rectified our unemployment rate will skyrocket.

ayobase:
Crude oil: 10% of our GDP
Agriculture: 40% of our GDP
Tax and others: 50%

Then, we are not doing bad as a nation.
We should focus more on Agriculture and Tax.


Tax messed Greece up.

Exactly my point but there is more to Greece situation than just tax, the government is committed to the people and refused to tax its citizen more in order to raise fund to pay foreign loans, hence, the reason Alexis Tsipras , Prime Minister of Greece wanted part of their debt from ECB and IMF to be written off but creditors won't have any of that.

But here it is totally different, there is no outright commitment to national building, the people are not convinced the government even understand the economic situation of the nation in relation to global economy.

CHANCEMAN:
Why do you think US patronage is crucial? You forget that the US is a major oil producing country and it is also working at alternative sources of energy, any respite from them will be temporary. The country needs to strategize long term. We need to move away from emphasis on crude to its refined products that have added value and are also input for other manufacturing industries like plastics etc.

That is what is expected of a forward-thinking nation but sadly that is not the situation with us. If you look at our GDP ($523 billion), you will realized that agriculture made up of 40% of our total GDP while crude was just 10.1% going by $52 billion revenue generated from the sales of crude oil last year.

The truth is with the right economy strategy we we will survive without crude oil, if the tax generated by government can be properly accounted for, a nation of almost 200 million people trust me we really don't need crude oil but this is Nigeria, no long term startegy.

hopeforcharles:
Now You are talking. They should do the needful ASAP. Or else PMB will lack enough funds to fulfilling his promises, thereby making him a Liar.

He doesn't even have ministers yet, I don't even think they have complete understanding of the situation. Lets see if his current relationship with U.S will be good enough for them to resume patronage with us.

hopeforcharles:
I strongly think they should with immediate alacrity, Oil happens and for now is our main source of income, had it been we have been prepared or have bumpers then we wont be very much disturb, but now that it is obviously threatened, its like equating a man's source of upkeep been threatened and the man is expected to address the issue head on.

That is actually what is expected of a well functioning economy, news coming from Saudi is that they are planning to increase their production if Iran deal sealed in order for them to retain their global market share.

So basically the winner will be the best strategist and not the largest oil reserve.

hopeforcharles:
when supplies out grow the demand there is usually a price crash, so truth be told it will definitively affect Nigeria, the earlier we start mega diversification of our revenues the better for us

No doubt diversification is key to sustaining Nigerian economy in the long run but the fact remains that this particular deal have nothing on our situation, with or without this deal Nigeria is Nigeria.

In fact, I am certain that nobody at the realm of power is currently looking into how to contained the possible outcome of the deal if it eventually survived U.S lawmaker's review.

Inception:
My sentiments Exactly..

Most people thinks Iran will hit the ground running after several years of economic sabotage. The truth is Iran need huge FDI to reinvent itself and catch up with the rest of the world.

The current practice and method in place can not sustain its possible potential because other oil producing countries are already developing a competitive strategy to retain their current market share now that the deal has been announced.

The Iran nuclear deal negotiated by the 5 permanent members of the UN Security Council, US, UK, Russia, China, and France plus Germany defuses long standing tension between Iran and the West, potentially changing the political landscape of the Middle East. But what about Iran’s oil and the impact on the economic landscape?

For years Iran’s economy has been crippled by US sanctions, and this includes its oil production. Iran has the 4th largest oil reserves in the world, coming in at an estimated 158 billion barrels, but lack of investment has led to a serious decline in production capacity. In 2008 Iran’s oil fields produced 4 million barrels of oil a day, in 2015 it’s down to 2.8 million barrels. Today its markets have diminished with exports going mostly to China, India, Japan, South Korea, and Turkey.

The question now is how much, if any, will Iran’s resurgence impact oil prices? There are two issues – how much they currently have in storage and what they can ramp up in terms of production. Iran does indeed have oil sitting there – stored mostly in tankers off the coast. However Citigroup’s head of commodities research Edward Morse described the amount of oil in tankers as a bit misleading. “Of that 40 million barrels or so roughly two thirds is either condensate or condensate blended crude oil. The condensate can be exported under the sanctions regime, so the question is why has it not been exported, and the answer is almost certainly that it is so high in sulphur content that no refinery anywhere in the world wants to take it on, except at a very steep discount. So I’d say two thirds of that 40 million barrels is not really overhanging the market, only one third is.”

So we are talking 13 million barrels, which is hardly going to have a dramatic initial impact. It will also be 6 months before sanctions are realistically lifted. Iran will be unlikely to want to unload it all at once and crash prices. It’s possible other countries may also increase their production to hold market share which will lead to the price being driven down.

The International Energy Agency (IEA) estimates that Iran could potentially increase its product to 3.5 million barrels per day “within months of sanctions being lifted.” Others such as Richard Nephew (who served as lead sanctions expert for the US team negotiating with Iran) are less sure. He describes Iran’s oil producing infrastructure as plagued by “fatigued fields and antiquated equipment.” Some estimate the cost of getting Iran’s production back to pre-sanction levels as between $50 billion and $100 billion – which will need to come from foreign investment. This could take years, as high in investors’ minds will be the risk of the nuclear deal falling over and sanctions being reimposed.

Iran wants to recover its position as the number 2 oil producer in the world after Saudi Arabia, and this could conceivably be good too for the West – with oil prices being pushed down, but the bottom line is any dramatic changes are many years, some might argue decades off. In the short term the impact of the nuclear deal is simply this: prices are unlikely to increase. According to Thomas Pugh, commodities economist at consultants Capital Economics, “the return of Iranian oil exports over the next year is one factor likely to keep oil prices low.”

http://investorsking.com/irans-oil-deal-and-the-struggle-ahead/

It is expected to even drop further because Iran just sealed an agreement with world powers yesterday in Vienna. If the deal finally survived review we should be expecting more oil in an oversupplied market which will further reduce the price.

Brent dropped 2.1% to $56.63 a barrel this morning because of the news, Nigeria will be affected more because of our overly dependent on oil.

raayah:
Fake!!

It is not a crime to refuse to wed Gay couples.

It is a crime, only in Texas that is not a crime.

This is why Greg Abbott, Texas Governor went to court to protect the right of his state's clergy to refuse to officiate marriage ceremonies that violate their religious beliefs.

Thank God he won, very soon clergy will be relocating to Texas

favoured234:
I will walk away then get to a secluded place..

Make a call to my sister or doublewisdom
They will say something humorous to make it seem less serious than it really is...
Like.... "Abi make we kill am now?"...
"You sure say e no dey dodge smoke Igbo"
"You want native doctor number"
Before they seriously address the issue on ground

BTW I don't see the possibility of being slapped

Are you sure you no go jump reply am with two hands

The analysis you did just show the level of misappropriation of past administration but before I get to that I have these questions how was Obasanjo administration able to saved $20 billion in ECA and yet all Yar'adua led Jonathan administration was doing is depletion of the ECA without replenishing?

Your analysis emphasized how the $6.5 billion ECA left by Yar'adua administration was shared you didn't mention how much was generated in revenue during GEJ administration, all you did was analysis how they shared what was left of Yar'adua administration. You said you will be objective and critical of the situation, please I will like to know why was GEJ administration sharing what was left of our ECA when oil price peaked above $100 for the first time?

chigoizie7:
No de attack my like lion, na question I ask u ooh.

Lol..Oga I no reach o. I dey try answer you ni

chigoizie7:
Will u also say that d drop early dis year and late last year ha nothing to do with the past administration?

If that is so, den while blame GEJ?

See how we produce our oil or manage the revenue from oil is solely our responsibility, when oil price dropped, under normal circumstances we shouldn't be affected this much but because of poor economy policy of backing/sustaining our foreign exchange with oil revenue, we are this affected when the only means of sustaining it failed.

Let me ask you this question how are countries like Singapore, South Korea etc without any known nature resources were able to sustain their economies? The difference is approach, that has everything to do with the administration.