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Politics › Re: Akwa Ibom APC Guber Candidate, Akanimo Udofia Sings With Young Children (Video) by uzomagic(m): 1:27pm On Feb 09, 2023

edungene7:
Fear any politician you see in APC infact criminals they fear them

Your fears about APC are well understood
But Akan Udofia is a different breed, a successful businessman and entrepreneur with a genuine desire to serve his people.
APC is just a platform for him.

Politics › Re: Akwa Ibom APC Guber Candidate, Akanimo Udofia Sings With Young Children (Video) by uzomagic(m): 1:22pm On Feb 09, 2023

juman:
The last time I checked inec site, his name was not there.
Our parties are too rough in doing their things.

https://www.premiumtimesng.com/news/top-news/576738-2023-appeal-court-sets-aside-nullification-of-akwa-ibom-apc-governorship-primary.html

Politics › Re: Akwa Ibom APC Guber Candidate, Akanimo Udofia Sings With Young Children (Video) by uzomagic(m): 1:19pm On Feb 09, 2023

Solocoin:
I don't really know about Akanimo but the father is a good man. He always train people he employe as house mate in the University.

The Apple does not fall far from the tree.
Akan Udofia has towed the same path.
His record of philanthropy is impeccable.
Years back, he built a hostel valued at nearly ₦2billion for the state University.

Politics › Re: Akwa Ibom APC Guber Candidate, Akanimo Udofia Sings With Young Children (Video) by uzomagic(m): 1:17pm On Feb 09, 2023

Indeed, he is a good Man

Cyphar:
I want to believe he is a good man

Health › Re: A Quack Dutch Medical Doctor /surgeon Dr Hans Van Den Corput Discovered Practici by uzomagic(m): 2:39am On Aug 29, 2019

Why is this matter not getting the traction it deserves..?

Agriculture › Re: 7 Things You Need To Know About NIRSAL’s Groundbreaking Transportation System by uzomagic(m): 3:19pm On Sep 10, 2018

It is a great initiative that will reduce cost.

bellyjean:
One can see that those 11 states are linked by rail.

This is a good initiative though, but one can see that it is almost dead on arrival. Why incorporate inefficient government agencies and trade unions into this? Bureaucracy will be the stumbling block to its success. This should have been a private- public partnership thing; like 75% driven by private institutions because this is the real way to maximise the value chain. You create wealth and empower people by encouraging entrepreneurship.

Well I hope this succeeds because it is a big move.

Business › Re: MTN Answers Nigeria’s CBN – You Approved The Funds Repatriated by uzomagic(m): 3:10pm On Sep 10, 2018

They did not follow the right procedure in doing so

hisgrace090:
Mtn makes gain transfer same to his country, what is wrong with it.

1 Like

Nairaland General › Re: MTN Nigeria Challenge CBN On Illegal Repatriation Of $8.1 Billion On August 30, by uzomagic(m): 3:07pm On Sep 10, 2018

The Central Bank is actually doing a great job of enforcing the rules. If indeed MTN was guilty of the accusations, it would have very negative consequences if they are not sanctioned.

Donald95:
I know Nizoorian government never want the good of the people. They are seriously frustrating MTN to leave the country. But later the fools will be jumping from one place to the other looking for investors.

Ndi Ara

Business › Re: Mtn’s Shares Drop 23% After Cbn’s $8.1bn Sanction by uzomagic(m): 3:04pm On Sep 10, 2018

The CBN is doing a good job of enforcing the rules.

Crime › Re: Social Exchange Market Multi Billion Naira Scam....... Ishiba, Bethany Etc by uzomagic(m): 9:12am On Sep 09, 2018

You can complain to the CBN with the details of the scam on cpd@cbn.gov.ng

2 Likes

Foreign Affairs › Re: CBN Pumps $543m, CNY 63m Into Forex Market by uzomagic(m): 9:03am On Sep 09, 2018

The CBN's actions will ensure there is adequate forex supply for businesses and individuals looking to make international transactions, in effect keeping prices of essential goods and services under control. I don't see how that is a bad thing.

Nackzy:
They'll continue enriching some persons at the expense of Nigerians
I wish it was a saner clime

Business › Re: Cbn Now Empowering Youths, Grab This Opportunity by uzomagic(m): 12:51am On Aug 13, 2018

Please be sure to verify every opportunity involving the CBN on the website www.cbn.gov.ng

Investment › Re: A Forex Of Fraud by uzomagic(m): 4:24pm On Jul 11, 2018

Economic management in a recession is not as straightforward as theoretical economics would have people believe. It's best to look at outcomes in deciding if an approach worked. In this case, as multiple data has confirmed that the Nigerian economy has returned to growth, we can conclude that the Central Bank's economic management approach works.

Business › Re: How Safe Are Customer Deposits At FCMB? by uzomagic(m): 4:19pm On Jul 11, 2018

With their close monitoring of banks, the Central Bank has everything under control.

Business › Re: Currency-in-circulation Drops To N1.668 Trillion by uzomagic(m): 4:26am On Jun 20, 2018

Exactly!

PassingShot:
Many factors:
1. Reduced free money especially the mopping up through TSA
2. Increase in use of electronic means of payment

Politics › Re: CBN Vows To Monitor, Control 2019 Election Spending by uzomagic(m): 4:23am On Jun 20, 2018

This is a good plan. It shows the CBN is awake to its responsibilities.

Nairaland General › Re: Senate Considers Buhari’s CBN Board Nominees One Year After by uzomagic(m): 4:18am On Jun 20, 2018

It is important that the CBN is not caught up in the politics between the Executive and Legislative arms of government.

Politics › Re: Buhari's Anchor Borrowers Programme As Government Bonanza - GUARDIAN NG by uzomagic(m): 4:14am On Jun 20, 2018

The programme has its challenges, but it works overall by providing needed funding to farmers and giving them access to a ready market.

1 Like 1 Share

Business › Re: External Reserves Drop Further, Lose $99m by uzomagic(m): 4:09am On Jun 20, 2018

With the External Reserves, we mostly need to focus on the medium to longterm trend. There'll likely be occasional dips, but the longer term objective of growing the reserves in a sustainable way is more important.

Business › Re: Top 7 Facts Exporters Should Know About Cbn’s Non-oil Export Stimulation... by uzomagic(m): 11:45pm On May 14, 2018

Kudos to the CBN for its creative interventions to support the economy.

Politics › Re: Metering: Nerc Seeks N200bn Facility From Cbn For Map Kick-off by uzomagic(m): 11:37pm On May 14, 2018

The Central Bank has been making such interventions on a regular basis.

Investment › Re: Twitter Bans All Crypto And ICO Adverts On Its Platform by uzomagic(m): 9:43am On Apr 09, 2018

It's good the CBN already warned people of the riskiness of cryptocurrency.

Business › Re: What’s Inside Nigeria’s Foreign Reserves? by uzomagic(m): 9:34am On Apr 09, 2018

This is an interesting post.

The growth of Nigeria's forex reserves is a product of prudent management by the CBN.

Business › Re: Nigeria: Mobile Payments Still Hugely Untapped by uzomagic(m): 3:03pm On Mar 26, 2018

The fact that the Central Bank is financing research in this area shows some improvements may be in the offing.

Business › Re: 18 African Countries Grew GDP Above 5% In 2017—afdb by uzomagic(m): 3:00pm On Mar 26, 2018

It's very good to see that Nigeria has returned to the path of growth, thanks to efficient economic management of the CBN. #WinningWays

Politics › Re: Nigeria’s External Reserves Rise To 5-year High Of $41.09bn by uzomagic(m): 2:37pm On Mar 26, 2018

This is impressive!

Politics › Re: Us$40bn Reserves: Is The Naira Not Undervalued? by uzomagic(m): 2:28pm On Mar 26, 2018

The OP has resided some salient points about the reserves being built at a time when the exchange rate could be better. But by suggesting that the CBN should instead focus on improving the exchange rate, the OP makes the terrible error of putting the chart before the horse. In fact building the forex reserves is helping to restore market and investor confidence which will eventually improve the exchange rate situation.

Celebrities › Re: How Nigeria’s Naira Fared Against US Dollar This Week by uzomagic(m): 11:55pm On Jan 29, 2018

The Naira is strengthening and would improve even more in the coming months as there has been no let up in the CBN's intervention, and by the Bank's signaling to investors and market participants, through its building of the Dollar Reserves, that it is prepared to intervene for the long haul.

Politics › Re: See What The World Thinks About Our CBN Governor by uzomagic(m): 11:36pm On Jan 29, 2018

I will borrow from Prof. Soludo's words to point out that blaming the CBN team for the current pace of Nigeria's economic recovery is similar to blaming a pilot who successfully landed a plane that was headed for a fatal crash that the plane sustained minor scratches.

Politics › Re: Nigeria’s External Reserves Hit 4-year High Of $40.3bn by uzomagic(m): 11:29pm On Jan 29, 2018

This feat is the result of the prudent economic management by the CBN team

Politics › Re: [Revealed] Ikoyi Loot: How Cbn Gave Nia Dg, Ayo Oke $43 Million In Cash by uzomagic(m): 5:43pm On Jan 08, 2018

This story lacks credibility. It is unconscionable to cook up such serious allegations and at news.

Business › Re: Farmers To Pay 5% Interest On Loans – Emefiele by uzomagic(m): 5:29pm On Jan 08, 2018

The CBN is really doing a lot of work to keep the economy afloat and Nigerians fed and employed.

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