₦airaland Forum

supereagle:
It even wrong to do business with a fellow you do not understand his language.

really?

Wise decision to come on Nairaland, good luck mate!

emmatok:
Nonsense, you can spend as much as you want from your account, if done through e-banking or cheque issuance.



E-banking is created to reduce too much cash in the system and  not to reduce spending.

are you suffering from dyslexia?

Read this again, this time slowly

Even in developed countries, example in the UK- if you like have billions in your account - the maximum you can withdraw over the counter per day

manny4life:
I doubt even with a declaration list, for $50 000, hmmmm. What happened to electronic wires?

same thing i thought.

Two things are possible here. You and your entire family have never had up to £1200 in the bank in the UK, hence you do not have a reason to know there is a limit on the amount you can withdraw from your bank in cash from the UK- I know because I bank with Bank of Scotland/Halifax and I have multiples of that amount in the bank - LOL - so I excuse your ignorance.

Who told you that there is a withdrawal limit of £1,200 in the UK From the ATM, maybe, but no limits from your account, mate!

Funny how you are both wrong, just in different ways, this is from Halifax's website!

dayokanu:
They mentioned babcock in those tweets

doesn't make them Babcock students either!

lucabrasi:
If they are bu girls then i am sorry for their parents[b],i hope critics can now see why covenant has placed that much restrictions on their students[/b] to think some parents are struggling to pay through their noses denying themselves some of lifes luxuries to pay the millions fortution fees not knowing their children are training to take over from allen avenue and sheraton girls,the ms temi is in sheffield up north uk,shows poverty is not the only cause why women indulge in prostitution.
I just pray GOD will never let me choose all these expired hags as a wife and i pray i only give birth to male children ijn no female

bullshyt!. . . .that's what i call placing restrictions on adults!

^^

your best bet is moving to London!

Whether the Apple/Exxon Mobil analogy is right or wrong is beside the point. President Jonathan is right on one count, that in today's world[b], knowledge is more important than oil[/b].

wtf people should stop using this analogy, it pises me the hell off.

Shall we also compare wisdom to copper? ow about we compare kindness with cocoa?

How do you quantify knowledge? at what point does it become more important than oil?

what exactly do people refer to when they say knowledge?. . .classroom taught or the one gained informally by experience? which of them is more important than oil?

[quote author=Seæn link=topic=737653.msg8950202#msg8950202 date=1313652465]Does the dude who writes this for our president delibrately make his posts sound silly and plain cos he knows if it is anymore smart and intelligent than this we'll all know its not our good old Jona.[/quote] this got me laughing hard i swear! good one mate!

I'm yet to hear of anything that is less daft, the fact that it's coming from the president of a country makes it all the more disgusting!

Let's even assume for a moment that we all know the president is daft, how about the many educated scholars here on Nairaland?  shall we say the same of them too?. . .it's completely shameful that a sitting president could use of all the things in the world, the value of a company which is known to wildly fluctuate over a certain period, in justifying his useless assertions.

Reaserch in Motion, one of Apple's closest rival, has been losing market share, what does that explain of the President's assertions?. . .are people at Apple a lot more Knowledgeable than those at RIMM?

How does the fact that the United states announced a release of 60 million barrels of oil, which was subsequently followed by the downgrade of the US sovereign ratings--- events which led to the crash of energy prices, and obviously the crash in market price of Exxon Mobil, not factor in the President's idiotic analysis?

It's simply lazy at best, stoopid at worst, to use transient events without a clear logical process, in explaining your bullshyt!. . .

AjanleKoko:
isn't that with bonuses? What's the actual base pay of investment bankers? And why aren't they listed anywhere?

Yeah, you are right, with bonuses!

The actual pay of a vice president could be anywhere around 250 k but his bonuses could be close to 750 k.

They aren't probably always listed because it's one of the most controversial topics in the finance world. For instance, In early 2009 when the world was just emerging out of recession (or so it seems) some of the lowest paid associates received around 200 k in bonuses. . .how do you explain that to a tax payer whose taxes has just been used to bail out these banks that were deemed "too big to fail" from a problem they caused by themselves?. . .heads they win, tails the rest of the world loses!

^^^

Don't be deceived by those figures, a trading associate in a mid size US Hedge fund can easily take home over a million dollars a year!

No other paid profession is ever as well paid as Hedge Funds and PE, which is then followed by Investment Banking. . .consulting comes a distant fourth.

All other professions probably pay peanuts when lined side by side!

but i dnt think i have the gift of lecturing and dealing with students.

This sounds like the excuse i gave my dad when he wanted me to study medicine. . .the old man told me to cut the bullshyt and get straight to the point. . .and yes I did, i told him i wanted to make lots of money, legally in a professional occupation, and being a medical doctor will not provide me with such!

So, there you go, OP, why not cut the bullshyt and get straight to the point?

i am concerned abt the direction to go now,

where are you currently located?  Have you considered sectors outside the pharmaceutical industry? If you are not looking to get hooked in the pharmaceutical industry doing all the boring stuffs like dispensing, consulting might just be the way to go!  In this case you might have to take up a second masters degree in management or enroll for an MBA.

Seun:
You will all burn in hell for this.

why so much emotions?

oluwabamis:
thanks violent, we will look into your suggestion, you ve been a source of help to my friend and I. i will be meeting with him this week, will surely post our conclussion here

no worries mate, once he makes his first million, tell him he owes me a trip to the Bahamas!

In that case, I'd advise against anything capital intensive!

You friend should look into IT consulting!. . .I'd assume that being a graduate of computer science and if indeed he's as smart as you mentioned, opportunities might abound in this sector!

Here's a quick business model;

Advise him to learn advanced networking to an extent where he's more comfortable than the average Joe!. . .then he should partner with a good programmer, together, they both should come up with a sound software for  Hospitals.  From my observation, most Hospitals in Nigeria still make use of the good ol' papers and files!. . .He simply have to come up with a package offering which include supplying a clinic with computers, setting up the networks, and installing a comprehensive software that WORKS!!!. . .then he provides workers with a 14 days computer crash course. . , all for a certain fee!
For every 5 recommendations he gets from each hospital, the hospital gets a discount plus a free upgrade after 6 months!
He can also recruit corpers for marketing purposes, their pay will be tied to the number of businesses they bring to the firm, with a promise that they could fast track to a partner status under three years depending on performance!

. . .this is just one business model, of course, i won't give you/your friend another 

If what you are selling is not likely to earn you at least a hundred thousand in net profits, buy and sell business is a NO NO!. . .and frankly speaking, i don't see how he could make that much with 200 grand capital.

Funny how people here seem to know what the guy meant without being present or knowing the full context of what resulted in the statement!

perhaps the girl was trying to lift the guy into a bathtub? 

oluwabamis:
@violet, thanks. i will have to try him with something i can afford to loose first, if i see his progress & im encouraged i could give him more.

Give us a figure!. . .how much can you afford to lose? a thousand? a million?

oluwabamis:
Thanks ajanlekoko, Im really concerned about this guy, he used to be my role model in school , though we are mates, and was the best student in class, also the Head boy. I feel obligated to assist him since God had blessed me and I can start him up on something. Thats my thinking too. More contributions are welcome

depends on how much capital you are willing to play with, your friend's core skills and also his earnings expectations.

It's very likely that some dolt just sat by his computer after a few cans of beer and he began typing the first garbage that pops in his head!

atasteve:
Naturally speaking the way you change jobs in the corporate world is like a "monkey" jumping from one tree to another. The monkey doesn't leave the present tree branch unless it is very sure of the next tree branch that it will hang on.

Even if you want to start a business of your own, you have to run it parallel until the time you feel that your business is disturbing your paid employment or the other way round.

If you were to be a single man, then resigning might be a good idea but as a married man it is a different ball game. A bird at hand is better than two in the bush!!!

Please don't cut your coat according to your size but CUT YOUR COAT ACCORDING TO YOUR CLOTH.

If your resignation is as a result of what you divinely hear from God then you can go ahead.

Mind you there are people floating larger families on salaries less than 160k per month.

+1000000!

It's very irresponsible to post pictures of corpses on a Public forum. We all know the dude is late, and we don't require pictures to validate that!

tollu:
That's a tall order Jasiel. Doubt if there's anything in this world that doesn't have a presence on google.

I know this is silly, but i just needed to prove a point.

You are a consultant on fashion?

You are sure you are one?

Wicked!!!

Why does anyone need 4 Jets?

That idea is just so st[i]u[/i]pid to me.

If it sounds st[i]u[/i]pid , then it must be love! (just one of those things people say)

@OP

Let's not bullshyt about, you either like him or you don't!. . .If the former, it wouldn't have mattered to you if his intention was just the booty or not, if the latter, tell him in plain words to go find a mate somewhere else!. . .Leading the dude on in ways that would make him believe he might get something at the end of the day (booty or real relationship), just enough for you to get your highs and come laughing on a public forum is an act that's considered juvenile in so many ways.

Reuters) - The United States lost its top-tier AAA credit rating from Standard & Poor's Friday in an unprecedented blow to the world's largest economy in the wake of a political battle that took the country to the brink of default.

S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about the government's budget deficit and rising debt burden. The action is likely to eventually raise borrowing costs for the American government, companies and consumers.

"The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilise the government's medium-term debt dynamics," S&P said in a statement.

The outlook on the new U.S. credit rating is "negative," S&P said in a statement, indicating another downgrade was possible in the next 12 to 18 months.

The move reflects the deterioration in the global economic standing of the United States, which has had a AAA credit rating from S&P since 1941, and it could have implications for the U.S. dollar's reserve currency status.

"The global system must now adjust to the many implications and uncertainties of the once-unthinkable loss of America's AAA," said Mohamed El-Erian, co-chief investment officer at Pacific Investment Management Co which oversees $1.2 trillion (731.9 billion pounds) in assets.

The outlook on the new U.S. credit rating is "negative," S&P said in a statement, indicating another downgrade was possible in the next 12 to 18 months.

The decision follows a fierce political battle in Congress over cutting spending and raising taxes to reduce the government's debt burden and allow its statutory borrowing limit to be raised.

On August 2, President Barack Obama signed legislation designed to reduce the fiscal deficit by $2.1 trillion over 10 years. But that was well short of the $4 trillion in savings S&P had called for as a good "down payment" on fixing America's finances.

The political gridlock in Washington over addressing the long-term fiscal problems facing the United States came against the backdrop of slowing U.S. economic growth and led to the worst week in the U.S. stock market in two years.

The S&P 500 stock index fell 10.8 percent in the past 10 trading days on concerns that the U.S. economy may be heading into another recession and because the European debt crisis has worsened.

U.S. Treasury bonds, once indisputably seen as the safest security in the world, are now rated lower than bonds issued by countries such as Britain, Germany, France or Canada.

U.S. TREASURY QUESTIONS CALCULATION

Obama was briefed earlier in the day regarding S&P's intentions, but discussions only took place with Treasury officials and did not include the White House, a source familiar with the discussions told Reuters.

Late Friday, the U.S. Treasury said the rating agency's debt calculations were wrong by some $2 trillion.

S&P confirmed it changed its economic assumptions after discussion with the Treasury Department but said it did not affect its decision to downgrade.

"We take our responsibilities very seriously, and if at the end of our analysis the committee concludes that a rating isn't where we believe it should be, it's our duty to make that call," David Beers, head of sovereign ratings at S&P, told Reuters.

The theme running throughout S&P's analysis is the breakdown in the ability of the Democratic and Republican parties to govern effectively.

The agency said that policymaking and political institutions had weakened in the past few months "to a degree more than we envisioned." This has major implications for the nation's budget and debt problems.

For example, S&P now assumes that tax cuts brought in under President George W. Bush in 2001 and 2003 would not, as planned, expire by 2012 because of staunch Republican opposition to any measure that would raise revenues.

The compromise reached by Republicans and Democrats this week calls for creation of a bipartisan congressional committee to find $1.5 trillion of deficit cuts by late November, beyond the $917 billion already identified.

'DAUNTING' IMPLICATIONS

While the downgrade is a blow to U.S. prestige, it was largely expected and may not have a big impact on trading of U.S. Treasuries and other assets when markets reopen in Asia on Monday.

In fact, Treasuries have rallied this week, driving the yield on the benchmark 10-year note to 2.34 percent, its lowest level in about 10 months. This reflects a belief among investors that U.S. government debt is still a safe bet at a time when prices of stocks and commodities are falling on concern about slowing global economic growth.

"To some extent, I would expect when Tokyo opens Sunday, that we will see an initial knee-jerk sell-off (in Treasuries) followed by a rally," said Ian Lyngen, senior government bond strategist at CRT Capital Group in Stamford, Connecticut.

But the downgrade has implications for the country's financial sector, ranging from insurance companies to government-related firms such as housing financiers Fannie Mae and Freddie Mac.

"At least initially, the impact on the market will be negative because there will some forced liquidation of U.S. assets," said Boris Schlossberg, GFT director of currency research.

The downgrade could add up to 0.7 of a percentage point to U.S. Treasuries' yields over time, increasing funding costs for public debt by some $100 billion, according to SIFMA, a U.S. securities industry trade group.

The Federal Reserve and other bank regulators moved on Friday to reassure global markets that the downgrade would not mean that additional capital would be needed by banks and other institutions holding Treasury securities.

The Fed also said the cut would not impact the operation of its emergency lending window for banks, nor its buying and selling of Treasury securities to conduct monetary policy.

The impact of S&P's move was tempered by Moody's Investors Service's decision earlier this week confirming, for now, the U.S. Aaa rating. Fitch Ratings said it was still reviewing its AAA rating and would issue its opinion by the end of the month.

S&P's move is also likely to concern foreign creditors especially China, which holds more than $1 trillion of U.S. debt. Beijing has repeatedly urged Washington to protect its U.S. dollar investments by addressing its budget problems.

"China will be forced to consider other investments for its reserves. U.S. Treasuries aren't as safe anymore," said Li Jie, a director at the reserves research institute at the Central University of Finance and Economics.

One currency strategist, however, did not think there would be wholesale selling by foreigners.

"One of the reasons we don't really think foreign investors will start selling U.S. Treasuries aggressively is because there are still few alternatives to the U.S. Treasury market in terms of depth and liquidity," said Vassili Serebriakov, currency strategist at Wells Fargo in New York.

He said there was likely to be weakness in the U.S. dollar but a sharp sell-off was unlikely.

S&P had already placed the U.S. credit rating on review for a possible downgrade on July 14 on concerns that Congress was not adequately addressing the fiscal deficit of about $1.4 trillion this year, about 9.0 percent of gross domestic product, one of the highest since World War II.

But Obama administration officials grew increasingly frustrated with the rating agency during the debt limit debate and accused S&P of moving the goal posts in its downgrade warnings, sources familiar with talks between the administration and the agency have said.

The downgrade was immediately pounced on by candidates vying for the Republican presidential nomination. Mitt Romney said the move was "a deeply troubling indicator of our country's decline under President Obama," while Jon Huntsman said it was due to spreading of a "cancerous debt afflicting our nation."

The downgrade, 15 months before the next U.S. presidential election, and debt will be top campaign issues.

This thread is not as ridiculous as the fact that it made the front page. Seriously?

kids of this days self

At the resumed hearing of the case on Wednesday, Ojo had requested that the tape be played in court, but Justice Mojisola Dada objected on the grounds that the court was too stuffy.

See excuse o!

the court was too stuffy for a video to be played?