Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,193,942 members, 7,952,789 topics. Date: Thursday, 19 September 2024 at 12:55 AM

Yhemsy62's Posts

Nairaland Forum / Yhemsy62's Profile / Yhemsy62's Posts

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (of 38 pages)

Politics / Re: CBN Raises Interest Rate (MPR) To 22.75% by yhemsy62(m): 5:59pm On Feb 27
Me that I don't understand all this money terms was just looking like what's the meaning ๐Ÿ˜ƒ.
Thanks to the intelligent folks up there for their analysis. Nairaland really have some great minds but tribalist makes it look like the forum harbour slowpokes
Politics / Re: Sanwo-Olu Performs Groundbreaking Ceremony Of โ€˜The Lagos Arena' by yhemsy62(m): 1:11pm On Feb 24
Sanwo Olu is not slowing down, Lagos is moving forward

34 Likes 3 Shares

Politics / Re: Yayi In The Crosshairs: Navigating Allegations Of Project Conversion In Ogun by yhemsy62(m): 11:20am On Feb 18
omoadeleye:
Yayi werey, since cross carpetting from Lagos to Ogun state to aspire for governorship i have noticed and concluded that you are an impending bad news, by the special grace of God you shall never become the governor of Ogun state.
Your wish shall not be granted. I understand how much it pains not having someone like him representing your constituency.
I understand ๐Ÿ˜Š don't cry you hear? Don't cry don't cry ๐Ÿ˜๐Ÿ˜๐Ÿ˜

1 Like

Politics / Re: Yayi In The Crosshairs: Navigating Allegations Of Project Conversion In Ogun by yhemsy62(m): 6:51am On Feb 18
Niyonice:
The event was massive, but how the beneficiary were selected should be explained because most of them ends up not needing the received empowerment tools.


I write quality and standard articles, thesis and research paper. UK STANDARD. what's app 08111 thirty fifty 81.

The forms were shared on an open field irrespective of who you are.

Politicians tried to hijacked the process but they were shun and told to go away.
Initially when the forms were brought to my local government, the local government chairman hijacked it and shared the forms amongst his loyalists and his political allies.
The chairman of artisan in my local make a video calling him out, the video was posted on Facebook and Senator Yayi gets to see it. So he nullified it and order for resharing of the forms.
3,000 forms were shared in my local government alone. Very transparent

5 Likes

Politics / Re: Yayi In The Crosshairs: Navigating Allegations Of Project Conversion In Ogun by yhemsy62(m): 6:35am On Feb 18
I can some ignorant comments here. Even though it's government projects that he converted to his personal project, what matters is he distributed it to the people in need of it and not the other way round.
So it means this type of projects is what federal government has been awarding but never reached the targeted audience but now that someone decided to do it, it becomes a political which hunt as he is exposing there greediness.
Please allow the guy to continue converting more federal government projects so far he's delivering it the the rightful people.
Others senators that are not converting federal government projects where do they keep it? Was it not in there pocket?? Please Yayi Yewa people needs you to convert More of federal government projects in your name so far you are doing the right thing. And moreover the Anchor of the program even stated it clearly that this is Federal government, APC program. So what's the fuse all about??

But the useless journalist fails to investigate others that are not converting federal government projects in their names and still failed to deliver the purported federal government projects to their people on behalf of the federal government.

All I see here is some bad elements who are not happy at the rate by which Senator Yayi is moving paying the Media to come online to talk trash about him.

Their mission is dead on arrival.

SENATOR SOLOMON OLAMILEKAN ADEOLA Is here to stay. No shaking No amount of bad mouthing can stop Yewa people from standing firm with him.

Now it is clear and save to say that Other Senators that have been representing Us before him kept all these to themselves and their families all alone.

Yayi have open our eyes

9 Likes

Forum Games / Re: UK, Japan Economies Slip Into Recession by yhemsy62(m): 12:17pm On Feb 15
Will still prefer being in recession in UK and Japan than not being in recession Nigeria

6 Likes

Politics / Re: Tax Dispute: Multichoice Agrees To Pay N35 Billion To FIRS by yhemsy62(m): 7:54am On Feb 11
Imagine how this people ripping us in our country. Not even in their country of birth do they make such money

Properties / Re: Have You Ever Lived On A Street Where Their Transformer Always Blows? by yhemsy62(m): 12:01pm On Jan 17
Normal thing for my area here in Naraguta village

1 Like

Politics / Re: EFCC Uncovers N37B Fraud In Humanitarian Ministry, Indicts Sadiya Umar-Farouk by yhemsy62(m): 6:53am On Dec 24, 2023
That woman stole more than that EFCC should dig more on their investigation

10 Likes

Investment / CBN to Introduce New Naira Policy by yhemsy62(m): 6:13pm On Sep 12, 2023
The new โ€˜Strategic Agenda for the Nairaโ€™ was announced by the Central Bank of Nigeria, generating a healthy national debate. Before we undertake a nationwide enlightenment program (beginning November 2) to educate the public on the new policy, it is important to clarify some of the issues/questions that are emerging.

Needless to emphasize that to appreciate the full impact of the new policy on the Naira/national economy, we need to take the 4-point agenda as a package. As a package, the new agenda will:

better anchor inflation expectations,
strengthen public confidence in the Naira,
make for easier conversion to other major currencies,
reverse tendency for currency substitution,
eliminate higher denomination notes with lower purchasing power,
reduce the cost of production, distribution, and processing of currency,
promote the usage of coins and thus a more efficient pricing and payments system,
promote the availability of cleaner notes,
deepen the Forex market,
ensure more effective liquidity management and monetary policy,
convertibility of the Naira and hence greater confidence in the national economy and lead to greater inflow of foreign investment
position the Naira to become the โ€˜Reference currencyโ€™ in Africa.
However, most of the questions so far pertain to only one aspect of the agenda, i.e., currency Re-denomination. We have monitored the reactions so far, and note that the concerns/questions raised so far are similar to the ones raised in all the countries that have undertaken re-denomination, including Ghana that is still implementing it now. We clarify some of the concerns as follows:



๐–๐ก๐š๐ญ ๐ข๐ฌ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐œ๐ฒ ๐ซ๐ž๐๐ž๐ง๐จ๐ฆ๐ข๐ง๐š๐ญ๐ข๐จ๐ง?
Currency redenomination is the process where a new unit of money replaces the old unit with a certain ratio. It is achieved by removing zeros from a currency or moving some decimal points to the left, with the aim of correcting perceived misalignment in the currency and pricing structure, and enhancing the credibility of the local currency.

๐‡๐จ๐ฐ ๐ฐ๐ข๐ฅ๐ฅ ๐ญ๐ก๐ž ๐๐š๐ข๐ซ๐š ๐›๐ž ๐ซ๐ž๐๐ž๐ง๐จ๐ฆ๐ข๐ง๐š๐ญ๐ž๐?

It is by dropping two zeros from the currency or moving two decimal places to the left. The name of the national currency will still be the Naira. However, during the transition period, the existing Naira will be referred to as the โ€œOld Nairaโ€, and the new one to be called the โ€œNew Nairaโ€. After the transition period, the word โ€œNewโ€ may be dropped. For example, the following equivalents will obtain as we re-denominate:

๐Ž๐ฅ๐ ๐๐š๐ข๐ซ๐š
(๐ข.๐ž, ๐„๐ฑ๐ข๐ฌ๐ญ๐ข๐ง๐  ๐๐š๐ข๐ซ๐š ๐š๐ฌ ๐š๐ญ ๐ญ๐จ๐๐š๐ฒ)
๐๐ž๐ฐ ๐๐š๐ข๐ซ๐š
(๐š๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ,๐‰๐š๐ง๐ฎ๐š๐ซ๐ฒ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’ ๐ฉ๐จ๐ฅ๐ข๐œ๐ฒ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐›๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ๐ฒ ๐ข๐ฆ๐ฉ๐ฅ๐ž๐ฆ๐ž๐ง๐ญ๐ž๐ ๐›๐ฒ ๐œ๐›๐ง )

50 kobo Half kobo**
N 1 = 1 kobo coin
N 2 = 2 kobo coin
N 5 = 5 kobo coin
N 10 = 10 kobo coin
N 20 = 20 kobo coin
N 50 = 50 kobo coin or note***
N 100 = N 1 note
N 200 N 2 note**
N 500 = N 5 note
N 1000 = N 10 note
N 2000* = N 20 note



๐‡๐จ๐ฐ ๐ฐ๐ข๐ฅ๐ฅ ๐ข๐ญ ๐ฐ๐จ๐ซ๐ค?
The โ€˜new Nairaโ€™ coins and notes will be different from the existing ones i.e. in design, appearance, security features, etc.
All Naira assets and liabilities (including bank deposits), prices, fees, rents, and contracts (including salaries and wages) will be re-denominated by dropping two zeroes or moving two decimal points to the left.
During the โ€˜transition periodโ€™ prices will be quoted in both the โ€˜new Nairaโ€™ and the โ€˜Old Nairaโ€™ and everyone will choose whether to pay in the new or old Naira. These five months will be allowed so that everyone will get familiar with the conversion, and it will become self-evident to everyone why he/she would prefer to transact in the โ€˜new Nairaโ€™ rather than the โ€˜old Nairaโ€™. For example, if a bag of garri sells for N2,000 (old Naira), the price in โ€˜new Nairaโ€™ will automatically be N20. The customer will choose to pay either N2000 in old Naira or N20 in the โ€˜new Nairaโ€™. In the supermarkets and formal markets, prices will be displayed in both โ€˜oldโ€™ and โ€˜newโ€™ Naira. In the informal markets where prices are negotiated, the negotiation could be done in the โ€˜old Nairaโ€™ as usual and converted into the โ€˜new Nairaโ€™ if the customer wishes to pay with the โ€˜new Nairaโ€™. This will ensure that prices do not rise due to rounding-up. The five months are also needed for everyone (formal and informal sectors) to become fully familiar with the conversion. It will become obvious to everyone that N50,000 of the โ€˜old Nairaโ€™ has the same purchasing power as N500 of the โ€˜new Nairaโ€™. The question then would be: why carry N50,000 of old Naira when N500 of the new Naira will buy you the same thing? Consequently, if you have N50,000 in your bank account, it will automatically become N500 in the โ€˜new Nairaโ€™ i.e. if you want to withdraw in the โ€˜new Nairaโ€™ or you can still withdraw N50,000 in โ€˜old Nairaโ€™ during the transition period (January 2024). Similarly, someone whose monthly salary is N50,000 can choose (during the transition period) whether to withdraw and spend the N50,000 in โ€˜old Nairaโ€™ or N500 in the โ€˜new Nairaโ€™. Both would buy him/her the same value of goods and services.
Examples of price equivalents in the new and old Naira could be:

๐‡๐ž๐ซ๐ž ๐š๐ซ๐ž ๐ญ๐ก๐ž ๐œ๐ก๐š๐ง๐ ๐ž๐ฌ ๐ญ๐ก๐š๐ญ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐ญ๐š๐ค๐ž ๐ž๐Ÿ๐Ÿ๐ž๐œ๐ญ ๐›๐ฒ ๐‰๐š๐ง๐ฎ๐š๐ซ๐ฒ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’ ๐€๐ฌ ๐ฉ๐ฅ๐š๐ง๐ง๐ž๐ ๐›๐ฒ ๐ญ๐ก๐ž ๐€๐๐ฆ๐ข๐ง๐ข๐ฌ๐ญ๐ซ๐š๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐๐จ๐ฅ๐š ๐€๐ก๐ฆ๐ž๐ ๐“๐ข๐ง๐ฎ๐›๐ฎ.

House rent (e.g. a flat in some parts of Nigeria) N5000 per month N50 per month
Stock price of a company Assume it is, say:
N20 or N80
20 kobo or 80 kobo
Airline ticket for domestic flight N12,500 = N125
Fuel Price N500 = N5
Exchange rate: N to US$ Assume it is say:
N125
Or N130
Or N100 to US$1.
N1.25 = US$1
Or N1.30 = US$1
Or N1 = US$1

This decision has been taken by the cbn by the directive of President Bola Ahmed Tinubu to reduce the surfering of Nigerians and also slow down inflation. If you have the old Naira start getting ready to switch to the new Naira, this message is meant to prepare Nigeria for the changes ahead. It needs to be shared to ensure everyone is well prepared for the new Naira notes. Nigerians
Renowned hope is coming.

*Please share it to most platform*

*Share by Tomorrow Focus group (TOFG) PLATFORM*

COPIED

1 Like 1 Share

Education / Re: First Yorรนbรก Textbook Unveiled In China by yhemsy62(m): 5:51pm On Jul 12, 2023
This is interesting

1 Like 1 Share

Politics / Re: My Take On 5% Telecommunications Excise Duty Suspension Approval By Woye by yhemsy62(m): 5:58pm On Jul 06, 2023
Uncle Woye always shed lights on issues like this so that the confused can be cleared of their confusion

3 Likes

Politics / Re: EU Raises Concern Over Independence Of INEC by yhemsy62(m): 8:12pm On Jul 02, 2023
Wetin concerned EU and Nigeria election? Nigeria be part of eu or what exactly
Politics / Re: President Tinubu Appoints Special Advisers by yhemsy62(m): 4:35pm On Jun 15, 2023
You all should watch out for this man below has MINISTER OF DEFENSE.

It will shock a lot of people

Celebrities / Re: Nollywood Star Don Brymo Is Dead by yhemsy62(m): 10:52am On Jun 15, 2023
kestolove95:
Another obidi0t down...
don't exhibit your idiocy on public forum.

1 Like

Politics / Re: Tinubu Suspends Mele Kyari-NNPC GMD,Gives Reasons by yhemsy62(m): 9:58pm On Jun 10, 2023
No news outlets have confirmed this yet

4 Likes 2 Shares

Politics / Re: Suspension Of CBN Governor Raises Concerns About The Independence Of The CBN by yhemsy62(m): 9:00am On Jun 10, 2023
What nonsense independent are you talking about??
Politics / Re: Wikipedia Just Updated Tinubu's Profile As President by yhemsy62(m): 6:41pm On May 29, 2023
slawomir:
Damnnn niggar

Tinubu administration is about to kick off in a bad note
Imagine federal ministry departments and agencies have not been payed may salary

Before they usually gets thier salary Before 28 of every month

It is about to get worse for Nigerians

The truth and happy thing about Tinubu's administration is am not gonna pity anyone anymore since have realised that the masses are the problem of Nigeria
A south African friend told me that if tinubu gets more than hundred vote in this election then it means Nigerians are sick and the tribalism hidden in us is out openly
I use to think this guy is normal until he proof me wrong. Imagine the trash ๐Ÿ—‘๏ธ that the werey is typing, normally you supposed know say na you and your entire household things go worst for not for well-meaning Nigerian.
Politics / Re: Say Your Prayers For The New Administration by yhemsy62(m): 6:22am On May 29, 2023
I pray ๐Ÿ™ my dearest country experience unprecedented growth and peace ๐Ÿ•Š๏ธ under this administration. I prayed Nigeria become great and highly respected among great nations. All I wish this administration is to succeed. God bless Nigeria
Health / Re: Erectile Dysfunction by yhemsy62(m): 12:43pm On Apr 29, 2023
Op try dey eat boli and groundnuts very well, tigernut, dates, coconut, ripped plantains, watermelon, penaple with three crown milk. Wo your wife go testify

Speaking from experience

3 Likes 1 Share

Politics / Re: Anambra massive investments in health sector in recent years(photos) by yhemsy62(m): 7:24am On Apr 29, 2023
Please guys I need your urgent help. I'm a student of university of Jos, I need help to pay my house rent of #60,000 but I'm totally broke. Please any amount will be appreciated. House rent due since February and my caretaker is not taking anymore of excuses from me please

NB: I SPONSORED MYSELF, BUT HAVE NO MEANS THIS TIME
Opay

8066424897
Crime / Re: "I'm Tired Of This NYSC. It's Either Garri Or Yam Every Day" - Corps Member by yhemsy62(m): 7:21am On Apr 29, 2023
Please guys I need your urgent help. I'm a student of university of Jos, I need help to pay my house rent of #60,000 but I'm totally broke. Please any amount will be appreciated. House rent due since February and my caretaker is not taking anymore of excuses from me please

NB: I SPONSORED MYSELF, BUT HAVE NO MEANS THIS TIME
Opay

8066424897
Crime / Re: Police Arrest Kidnappers In Police Vests For Abducting A Man In Anambra by yhemsy62(m): 7:18am On Apr 29, 2023
Please guys I need your urgent help. I'm a student of university of Jos, I need help to pay my house rent of #60,000 but I'm totally broke. Please any amount will be appreciated. House rent due since February and my caretaker is not taking anymore of excuses from me please

NB: I SPONSORED MYSELF, BUT HAVE NO MEANS THIS TIME
Opay

8066424897
Politics / Re: ADCs Of Nigerian Heads Of State Since 1956 by yhemsy62(m): 6:51am On Apr 29, 2023
Sorry guys
Education / Re: Our Lecturers Will Leave This Country After The ASUU Strike - ASUU President by yhemsy62(m): 7:27am On Sep 22, 2022
porawio:
Everyone sha wan japa
They are already moving outside the country
Education / How Many Students Can Identify What ASUU Demands Are?? by yhemsy62(m): 9:06am On Jul 27, 2022
I was browsing through my Twitter this morning when I come across this tweet by Seun Osewa, challenging people to point out the "ASUU DEMANDS"

So I think it would be nice to talk about this here also, because I believe not everyone knows what ASUU DEMANDS actually entails.

So on behalf of Seun Osewa I brought this here for great mind folks to have a say on this topic

Foreign Affairs / Re: India Prepares To Boost Russian Coal Imports Amid Western Sanctions by yhemsy62(m): 7:47am On Apr 15, 2022
Kingsnairaland:
EU fell right into US trap!
The Ukrainian crisis has nothing to do with Ukraine. Itโ€™s about Germany and, in particular, a pipeline that connects Germany to Russia called Nord Stream 2. Washington sees the pipeline as a threat to its primacy in Europe and has tried to sabotage the project at every turn. Even so, Nord Stream has pushed ahead and is now fully-operational and ready-to-go. Once German regulators provide the final certification, the gas deliveries will begin. German homeowners and businesses will have a reliable source of clean and inexpensive energy while Russia will see a significant boost to their gas revenues. Itโ€™s a win-win situation for both parties.

The US Foreign Policy establishment is not happy about these developments. They donโ€™t want Germany to become more dependent on Russian gas because commerce builds trust and trust leads to the expansion of trade. As relations grow warmer, more trade barriers are lifted, regulations are eased, travel and tourism increase, and a new security architecture evolves. In a world where Germany and Russia are friends and trading partners, there is no need for US military bases, no need for expensive US-made weapons and missile systems, and no need for NATO. Thereโ€™s also no need to transact energy deals in US Dollars or to stockpile US Treasuries to balance accounts. Transactions between business partners can be conducted in their own currencies which is bound to precipitate a sharp decline in the value of the dollar and a dramatic shift in economic power. This is why the Biden administration opposes Nord Stream. Itโ€™s not just a pipeline, itโ€™s a window into the future; a future in which Europe and Asia are drawn closer together into a massive free trade zone that increases their mutual power and prosperity while leaving the US on the outside looking in. Warmer relations between Germany and Russia signal an end to the โ€œunipolarโ€ world order the US has overseen for the last 75 years. A German-Russo alliance threatens to hasten the decline of the Superpower that is presently inching closer to the abyss. This is why Washington is determined to do everything it can to sabotage Nord Stream and keep Germany within its orbit. Itโ€™s a matter of survival.

Thatโ€™s where Ukraine comes into the picture. Ukraine is Washingtonโ€™s โ€˜weapon of choiceโ€™ for torpedoing Nord Stream and putting a wedge between Germany and Russia. The strategy is taken from page one of the US Foreign Policy Handbook under the rubric: Divide and Rule. Washington needs to create the perception that Russia poses a security threat to Europe. Thatโ€™s the goal. They need to show that Putin is a bloodthirsty aggressor with a hair-trigger temper who cannot be trusted. To that end, the media has been given the assignment of reiterating over and over again, โ€œRussia is planning to invade Ukraine.โ€ Whatโ€™s left unsaid is that Russia has not invaded any country since the dissolution of the Soviet Union, and that the US has invaded or toppled regimes in more than 50 countries in the same period of time, and that the US maintains over 800 military bases in countries around the world. None of this is reported by the media, instead the focus is on โ€œevil Putinโ€ who has amassed an estimated 100,000 troops along the Ukrainian border threatening to plunge all of Europe into another bloody war.

All of the hysterical war propaganda is created with the intention of manufacturing a crisis that can be used to isolate, demonize and, ultimately, splinter Russia into smaller units. The real target, however, is not Russia, but Germany. Check out this excerpt from an article by Michael Hudson at The Unz Review:

โ€œThe only way left for U.S. diplomats to block European purchases is to goad Russia into a military response and then claim that avenging this response outweighs any purely national economic interest. As hawkish Under-Secretary of State for Political Affairs, Victoria Nuland, explained in a State Department press briefing on January 27: โ€œIf Russia invades Ukraine one way or another Nord Stream 2 will not move forward.โ€ (โ€œAmericaโ€™s Real Adversaries Are Its European and Other Alliesโ€, The Unz Review)

There it is in black and white. The Biden team wants to โ€œgoad Russia into a military responseโ€ in order to sabotage NordStream. That implies there will be some kind of provocation designed to induce Putin to send his troops across the border to defend the ethnic Russians in the eastern part of the country. If Putin takes the bait, the response would be swift and harsh. The media will excoriate the action as a threat to all of Europe while leaders around the world will denounce Putin as the โ€œnew Hitlerโ€. This is Washingtonโ€™s strategy in a nutshell, and the whole production is being orchestrated with one goal in mind; to make it politically impossible for the German Chancellor Olaf Scholz to wave NordStream through the final approval process. Hi

2 Likes 2 Shares

Islam for Muslims / Re: Ramadan Day 1: What Did You Have For Sahur? by yhemsy62(m): 10:34am On Apr 02, 2022
I drink garri
Celebrities / Re: Nigerian Celebrities Mark International Womenโ€™s Day With Gorgeous Pictures by yhemsy62(m): 1:26pm On Mar 08, 2022
When was the date for International Men's day
Education / Re: What's The Slogan Of Your University? by yhemsy62(m): 8:55pm On Feb 25, 2022
Unijos: Discipline and Dedication
Science/Technology / Re: The Elephant That Was Spotted In Oyo Dies In University Of Ibadan Custody (Pics) by yhemsy62(m): 1:08pm On Feb 18, 2022
Nobody is safe. Not even animals are spared

6 Likes 1 Share

Business / Re: I Just Got My Inheritance; I Need Your Advice by yhemsy62(m): 12:11pm On Jan 24, 2022
Boogiebee:
Hello Nairalanders,

So straight to the point. Please I need your advice about two things.

1. I just got my inheritance and I got cash of 8M and there's this popular belief of people squandering their inheritance,I don't want that to be my portion so which business can I invest it into. For context, I currently have a job and I'm not ready to quit so please put that into consideration.

2. My younger brother is still a student so he has asked me to save his portion of 6M in bank until he graduates but I don't think that's a good idea. I would rather he put it in some form of secure investment that will be yielding something. Kindly give us suggestions.

May the soul of my beloved Father continue to rest in peace. Amen

May God forgive the departed soul.

What I'll advise is now that crypto price has fall significantly I think you put some of ur inheritance into it.

Do your own research on a good crypto project you can invest on, I promise it worth every of your efforts you put in making findings if you give it a consideration

NB: I can recommend some if need be, but the best way is for you to do your own research

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (of 38 pages)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 59
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.