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  • Re: Economicwatch Post #284885
    Posted at: 12:36 am, 29th Aug 2016
    by duduspace. SMN . Joined: 13th February 2007. Thanked 325 times.

    pegheneji;284881 wrote:
    why wont nigeria have Hitler as a leader when the followers are worse than zdffenj

    Yeah, it is very clear that you're making this post from a concentration camp. Have you been able to get a message out to the UN yet ? I can send you a carrier pigeon should you need one. :D


  • Re: State of the Nation Post #284884
    Posted at: 12:14 am, 29th Aug 2016
    by duduspace. SMN . Joined: 13th February 2007. Thanked 325 times.

    Christian-Clerics-donate-kettles-mats-to-mosques
    Quote:
    A Team of Christian clerics has embarked on donating hundreds of plastic kettles and prayer Mats to mosques in Kaduna so as to strengthen peaceful co-existence and religious tolerance in communities.
    They said it was their mission to promote religious tolerance and better understanding among different faith organizations in Nigeria.
    According to them,they also aimed at making their followers learn to live with one another irrespective of religious differences, and to shun all forms of ethno-religious ,political ,socio-economic and communal crisis which has a negative impact to peace and stability in the country

    Oga Waaan, this is the true Christian spirit I was talking about, you may think those christians are stupid but I assure you that the people in those mosques will not be quick to join in when next some idiots are on a rampage to destroy churches.
    Not the "All we are saaaaaying, share us Kerry" malarkey that the factional CAN president was yarning dust about last week.
    A friend put it comically as below:
    Quote:
    Everything na argument for Naija.
    So John Kerry, US 'foreign secretary,' travel go Naija, see Buharry for Abuja, before eim waka go north visit dem emir and gomina dem..bhet eim nor waka come dem Bishop and gominas for south.
    And so, because Kerry na National Cake wen we suppose share equarry between all of us; because di man na Fediral Revenue like Oyel Moni, or FGC Admission wen den suppose distribute by quota, we go begin tear singlet and bra dey lament like pesin wen den tif eim inheritance, say 'Di Distribushon of John Kerry Nor Reach We Village!'
    Ehn, as we don begin lament, e go evin beta make we carreh mesaage go Nashina Assembry for Abuja talk make lawmakers dem design new law wen go mandate any bombastic foreigner wen enter we Obodo Naija to visit all di states together, otherwise we go fine the foreigner plenty moni.
    Abeg make we nor lissen to all these people wey dey make sense say, because say na north wahala dey, e beta make John Kerry go folo dem leaders talk make yawa no gaz for we country. Dat kain sense no impress us abeg. Wetin man wan take sense do wen nonsense boku for ground? Abeg o, carry ya sense komot!
    All we are saaaayin, share us Kerrrreey!


  • Re: State of the Nation Post #284883
    Posted at: 11:23 pm, 28th Aug 2016
    by duduspace. SMN . Joined: 13th February 2007. Thanked 325 times.

    Oracle;284877 wrote:
    But you are not living now and you say alot as if you know more than those feeling the pain. I think that is what makes people say you are not being generous with the truth.

    You really shouldnt give a damn what 'some' say.
    Do you agree with them is the koko ?
    I know very well that some will say anything to achieve their aims. It is nothing new. They didnt start today so I really do not expect them to stop anytime soon.
    The fact that Im not currently resident in Nigeria is not enough reason to say that I dont know what goes on afterall a lot of those making same accusations actually spend a lot of their time out of the country.

    I have never not acknowledged the suffering in the land. What Ive disgreed with is the cause of it or when the foundations for it were laid or where the finger of blame should be pointed (if indeed one needs to fix the blame).
    Or the new narrative that Nigeria was previously an Eldorado prior to the election of 2015, if it was, I probably won't be in the UK and repratriating money home at this point in time.

    On second thoughts, it might have been an Eldorado for 'some' under the past government anyway so their frustration at this point in time is somehow understandable. They should just leave me out of their frustrations. I don't owe them an apology for their election loss and I never accused anyone of being the reason why a clueless GEJ was elected in 2011 (a decision that almost led to the loss of 3 states in the federation and whose effects are still lingering). I simply set about making sure that in my own little way he didn't come back in 2015. I'd advice they focus less on duduspace and more on what they and their principals will do differently should they get the opportunity to come back in 2019 so that they'll be better prepared when campaign season starts in late 2018. They would do well to keep their powder dry for when they will actually need it.

    Right now, all hands should be on deck to move the country forward. Criticize the government as you see fit and leave duduspace or the fact that some people voted out GEJ and voted in PMB out of it abegi, that decision has been made and we all have to live with it. That is what being in a democracy is about.


  • Re: Economicwatch Post #284882
    Posted at: 11:07 pm, 28th Aug 2016
    by Oracle. SMN Forum Moderator. Joined: 19th May 2010. Thanked 454 times.

    pegheneji;284881 wrote:
    why wont nigeria have Hitler as a leader when the followers are worse than zdffenj

    Zdffenj????? I don tell you to stop logging into SMN after taking SK.:D:D


  • Re: Economicwatch Post #284881
    Posted at: 11:00 pm, 28th Aug 2016
    by pegheneji. SMN . Joined: 25th February 2008. Thanked 82 times.

    duduspace;284856 wrote:
    If one goes beyond just cherry picking the parts that backs or knocks one's own point of view (both political and economic), one can only make one conclusion that Soludo has made a brilliant contribution to the future of this country in that piece even though it asks more questions than provide answers.

    I think the APC should be applauded for providing the forum for Soludo to make that contribution at this particular point in time even if it atimes wasn't complimentary of their current response to the challenges that face Nigeria.
    I also hope the APC governors (and progressive opposition governors) will take his advice and be the force of Change that they promised Nigerians by finding and promoting the competitive advantages that each state possesses following a properly articulated plan.

    why wont nigeria have Hitler as a leader when the followers are worse than zdffenj


  • Re: Economicwatch Post #284880
    Posted at: 10:57 pm, 28th Aug 2016
    by pegheneji. SMN . Joined: 25th February 2008. Thanked 82 times.

    PETERICHY;284835 wrote:
    The Central Bank of Nigeria on Friday said it observed that some banks are operating accounts either as companies or companies masking themselves as individuals for the purpose of illegally receiving money transfer flows into those accounts for onward disbursements to recipients in Nigeria.

    This came on the day the naira sustained its downswing on the parallel market as it fell to a record low of N412 to the dollar, as against the N408 to the dollar it closed the previous day.

    To curb this international fund transfer, the CBN in a circular titled: “Illegal International Money Remittances Through the Banking System,” dated August 25, 2016, and signed by its Acting Director, Trade and Exchange Department, Mr. W.D. Gotring, directed banks to identify and freeze such accounts receiving illicit flows with immediate effects.

    The banks were also directed to submit the mandate and account details of these accounts held in naira or foreign currency to it for onward reporting to the security agencies.

    CBN Moves Against Illegal International Fund Transfer | THISDAYLIVE

    This APC regime happen to be the most clueless government of the CENTURY.


    I said it at the beginning of this regime that its ONLY the poor masses which will mostly bear the brunt that i pity.

    If not tell me how can you control what you don't have :confused:

    It's crystal clear to the world the FG don't have FOREX to defend the NAIRA then why not allow it free float and found it real value instead of all the unnecessary restrictions that holds no water.

    Which only creates PANIC that keep chasing the foreign investors far-away and adds more detriments to the economy.

    With this latest development dollar is bound to hit N1000 soonest.

    Even the tesera ones i have I'm not remitting again since they are looking for funds to seize and make up their budget.
    :thrasher:

    for the past 100years in the whole of Africa, i have never seen a golgotha seeking goverment like the APC govt. i think it is nemesis that is catching up when them. when they were suppose to play the roles of statemen, they were playing spoilers just to make the govt of the day look bad/weak


  • Re: Economicwatch Post #284879
    Posted at: 10:53 pm, 28th Aug 2016
    by Oracle. SMN Forum Moderator. Joined: 19th May 2010. Thanked 454 times.

    kingojames;284858 wrote:
    Chickens forced to skip meals as cost of poultry feed rises.
    ~PUNCH

    As humans skip meals, animals also skip meals.

    By the way, there was a mad rush of people going into the goldmine called farming, guys how far? Hope you have seen the reality? Farming and harvesting and the buyers don't have money= waste


  • Re: Economicwatch Post #284878
    Posted at: 10:51 pm, 28th Aug 2016
    by pegheneji. SMN . Joined: 25th February 2008. Thanked 82 times.

    PETERICHY;284824 wrote:
    LAGOS, Aug 26 (Reuters) - Nigeria's naira was quoted at an all-time low of 412 per dollar on the parallel market on Friday as a dollar shortage persists, traders said.

    Traders said some bureaux de change operators have been finding it difficult to access their forex account and get dollar supply after the central bank suspended nine commercial lenders from the market, putting further pressure on the local currency.

    Nigeria's naira hits record low of 412 to dollar on parallel market - traders

    N500 here we come :)

    *ThE OcToPuS*

    Curtesy of the new Sherrif in Town.


  • Re: State of the Nation Post #284877
    Posted at: 10:49 pm, 28th Aug 2016
    by Oracle. SMN Forum Moderator. Joined: 19th May 2010. Thanked 454 times.

    duduspace;284871 wrote:
    The constitution of Nigeria permits freedom of movement for its citizens. There is no scar of living through troubled times that anyone of you has to show me that I do not already have. I lived in Nigeria through the Abacha periods during which my father a University lecturer did not get his salary for months.

    But you are not living now and you say alot as if you know more than those feeling the pain. I think that is what makes people say you are not being generous with the truth.


  • Re: State of the Nation Post #284876
    Posted at: 10:45 pm, 28th Aug 2016
    by Oracle. SMN Forum Moderator. Joined: 19th May 2010. Thanked 454 times.

    duduspace;284870 wrote:
    I am already relocating back through my earnings. This is the time Nigeria needs its people the most.

    Sending your earnings home to be changed at official or black market rate?:D


  • Re: Economicwatch Post #284875
    Posted at: 10:44 pm, 28th Aug 2016
    by pegheneji. SMN . Joined: 25th February 2008. Thanked 82 times.

    overload;284767 wrote:
    FAAC: See what FG, states, LGs shared as July federal revenue -




    the ting don start to drop again?



    so govt dey share even excess bank charges now? :D


    you c the problem sensationalisation dey cause now? people stared singing praises not knowing it is bank charges arrears as far back as 2008 that they are sharing. the skill of leadership and that of properganda are different.


  • Re: Breaking News!!!!!!!!!! Post #284874
    Posted at: 10:35 pm, 28th Aug 2016
    by Oracle. SMN Forum Moderator. Joined: 19th May 2010. Thanked 454 times.

    duduspace;284872 wrote:
    Abi o, isn't that the question our Broses should be asking instead of building fanciful conspiracy theories about Islamic banking ? :D
    Are those the only none Islamic banks in the country ? I wasn't aware GTB and Zenith have now become Islamic banks ? :confused: :confused: :confused:
    Typical Naija disease of making everything about Religion and ethnicity instead of focusing on the need to reduce or even completely eliminate rent seeking behaviour.

    Rent seeking by few persons who should be ousted and their assets confiscated than closing down institutions where others( depositors and investors) used as a means of saving.


  • Re: Breaking News!!!!!!!!!! Post #284873
    Posted at: 10:30 pm, 28th Aug 2016
    by Oracle. SMN Forum Moderator. Joined: 19th May 2010. Thanked 454 times.

    wanaj0;284868 wrote:
    CBN may be grappling with Forex issues BUT what did the banks do with the money? Enough of playing kalo kalo with shareholders and depositors funds!

    Bank directors should be made to pay for non performing loans! They granted the loans to 'cronies' with no intention of paying back. After some years the loan is written off!

    FBN should tell us what happened to the money.

    That should be investigated and the concerned persons sanctioned. Not acting to close down institutions. SLS did his back then and the stock market never recovered.

    You will agree with me that the last time SLS did his, only depositors were spared. All investors lost their money. The confidence to invest in any sector on the NSE was killed. Now these dudes are towing same path. If the heads of these banks are culpable, investigate them and sanction them.

    Must investors always lose their money.


  • Re: Breaking News!!!!!!!!!! Post #284872
    Posted at: 10:06 pm, 28th Aug 2016
    by duduspace. SMN . Joined: 13th February 2007. Thanked 325 times.

    wanaj0;284868 wrote:
    CBN may be grappling with Forex issues BUT what did the banks do with the money? Enough of playing kalo kalo with shareholders and depositors funds!

    Bank directors should be made to pay for non performing loans! They granted the loans to 'cronies' with no intention of paying back. After some years the loan is written off!

    FBN should tell us what happened to the money.

    Abi o, isn't that the question our Broses should be asking instead of building fanciful conspiracy theories about Islamic banking ? :D
    Are those the only none Islamic banks in the country ? I wasn't aware GTB and Zenith have now become Islamic banks ? :confused: :confused: :confused:
    Typical Naija disease of making everything about Religion and ethnicity instead of focusing on the need to reduce or even completely eliminate rent seeking behaviour.


  • Re: State of the Nation Post #284871
    Posted at: 10:01 pm, 28th Aug 2016
    by duduspace. SMN . Joined: 13th February 2007. Thanked 325 times.

    migiets;284837 wrote:
    Meanwhile, they have refused to come down here and join us in the 'no pain, no gain'. I hope after we have endured the pains and we are about to start gaining, they will not come down and increase the population of gainers for us by then coming down. :)

    The constitution of Nigeria permits freedom of movement for its citizens. There is no scar of living through troubled times that anyone of you has to show me that I do not already have. I lived in Nigeria through the Abacha periods during which my father a University lecturer did not get his salary for months.


  • Re: State of the Nation Post #284870
    Posted at: 9:51 pm, 28th Aug 2016
    by duduspace. SMN . Joined: 13th February 2007. Thanked 325 times.

    PETERICHY;284838 wrote:
    Actually as at 2014 i had plans to relocate back home in 2017 but with this myopic government of the day i ve shifted my goal post to 2020 that's if the clueless government is no longer on seat if not na till 2024 e go be. :)

    I am already relocating back through my earnings. This is the time Nigeria needs its people the most.


  • Re: State of the Nation Post #284869
    Posted at: 6:49 pm, 28th Aug 2016
    by Iroquoi. SMN . Joined: 29th April 2013. Thanked 23 times.

    The elections ended in 2015. Everyone should be focused on developing our country. No need to defend anyone or any party.

    Beware of China…7 steps Sanusi says Buhari must take to revive the economy

    https://www.thecable.ng/beware-of-china-7-steps-sanusi-says-buhari-must-take-to-revive-the-economy.


  • Re: Breaking News!!!!!!!!!! Post #284868
    Posted at: 5:45 pm, 28th Aug 2016
    by wanaj0. SMN . Joined: 9th April 2007. Thanked 377 times.

    Oracle;284859 wrote:
    Let them remove everyone in the board and put the those "clean" people they have had as friends to run the banks. Then let themvclose the banks so that investors and depositors monies will vanish.

    This tells you that CBN is grappling with serious forex issues.

    CBN may be grappling with Forex issues BUT what did the banks do with the money? Enough of playing kalo kalo with shareholders and depositors funds!

    Bank directors should be made to pay for non performing loans! They granted the loans to 'cronies' with no intention of paying back. After some years the loan is written off!

    FBN should tell us what happened to the money.


  • Re: State of the Nation Post #284867
    Posted at: 5:34 pm, 28th Aug 2016
    by Iroquoi. SMN . Joined: 29th April 2013. Thanked 23 times.

    He was a billionaire who donated to the Clinton Foundation. Last year, he was denied entry into the U.S. - LA Times
    Quote:
    After Abacha’s death in 1998, the Nigerian government hired lawyers to track down the money. The trail led to bank accounts all over the world — some under Gilbert Chagoury's control. Chagoury, who denied knowing the funds were stolen, paid a fine of 1 million Swiss francs, then about $600,000, and gave back $65 million to Nigeria; a Swiss conviction was expunged, a spokesman for Chagoury said.
    Quote:
    Chagoury also has given to Republicans: He and his brother, along with Eko Atlantic, are listed as sponsors for a 2014 art exhibit at the George W. Bush Presidential Center.


  • Re: Nigerian Government Promises, Commitments etc. Post #284866
    Posted at: 2:14 pm, 28th Aug 2016
    by duduspace. SMN . Joined: 13th February 2007. Thanked 325 times.

    While some are building their religious banking conspiracy theories, one has to keep his eyes on the ball. :D

    Buhari-Nigeria-will-rise-20-places-in-the-ease-of-doing-business-ranking-by-2019


  • Re: State of the Nation Post #284865
    Posted at: 1:29 pm, 28th Aug 2016
    by kingojames. SMN . Joined: 24th April 2008. Thanked 10 times.

    Chickens forced to skip meals as cost of poultry feed rises.
    ~PUNCH


  • Re: Breaking News!!!!!!!!!! Post #284864
    Posted at: 12:03 pm, 28th Aug 2016
    by ambitiousr. SMN . Joined: 13th January 2013. Thanked 70 times.

    Oracle;284861 wrote:
    So if you close the 8 banks so that IDB will have more customer base??? Na wah ooo. Did NCC close other telecos when etisalat wanted to do her debut???

    To go school good oo:D

    Oga Oracle, that's the change they voted for. GEJ was bad base on their assumption but no one can give the definition of this government and what they stand for at the moment. They should continue to closed everywhere and let see how they will last:mad:


  • Re: Breaking News!!!!!!!!!! Post #284863
    Posted at: 12:01 pm, 28th Aug 2016
    by ambitiousr. SMN . Joined: 13th January 2013. Thanked 70 times.

    pegheneji;284857 wrote:
    if PMB 'clean up' leads to colossial failure it becomes Emiefele's. PMB previous cleanup has led the Naira toto N410 to a Dollar and he is still cleaning. by the time he finished cleaning, Naira may be N1000 to a Dollar with both forien and local investors gone. Nothing suprises me about followers in Nigeria again. PBM cleaning so far has been a clasical defination of tragedy and Nigeria has become a country of wailing wailers.

    Oga Pegheneji, let him continue to clean up without nothing to show for it. The economy is at the edge of (already) collapsing maybe just one step everything will collapse and we will completely be back in 1984's era. Nothing surprising at all because i know this is coming and some Ogas' too. By the time he destroyed everything left in the economy, they will stop cleaning up. Nigerians are really suffering and someone keep saying they are cleaning up...! :mad:


  • Re: Economicwatch Post #284862
    Posted at: 11:37 am, 28th Aug 2016
    by PETERICHY. SMN . Joined: 16th January 2013. Thanked 56 times.

    tdmadeeasy;284850 wrote:
    I have said it several times - the CBN governor should be compelled to resign.

    Instead of creating an environment for free enterprise, this CBN is discouraging it. On the one hand they have floated the Naira, on the other hand they are banning remittance companies left and right and limiting consumer choice. (If at all what they wanted was tax revenue, why not institute a reasonable deadline to get small remittance companies to register and let them operate? Why put impossible requirements on them to stifle innovation and enterprise?). Whats the point of floating the Naira if you are still interested in blocking the market forces that are supposed to price it correctly ?

    Does the CBN under Emefiele really accept and embrace the power of market forces or are they more interested in command-and-control economics? Such flip-flopping !


    But don't take it for me. Hear what Prof. Soludo has to say about this current CBN :

    "Exchange rate and crude capital controls: Confusing trial-and-error of tried and failed neo-socialist command and control policy regime of 1960s- mid 1980s. As predicted, quantities (employment and output collapse)! Capital market comatose; capital flight with vengeance, private investment pulse, inflation soars, and twin deficits exacerbate. Economy in Recession compared to APC 10% Growth; 3 million jobs p.a. Delayed, incoherent (dysfunctional), and incomplete adjustment exerting great toll on the economy OUTCOMES SO FAR (especially in 2016) SELF-INFLICTED by acts of omission and commission Nigeria would have avoided a recession: One year enough for blaming fall in oil prices; after that blame our failures: “The fault, dear Brutus, is not in our stars but in ourselves”– Shakespeare– Julius Caesar.
    "
    Making progressive change work for Nigeria by Chukwuma Charles Soludo - Vanguard News

    Naira crashes to N415/USD1, ban on banks lingers - Vanguard News


    lingering dispute between Central Bank of Nigeria, CBN, and eight banks banned from participating in the inter-bank foreign exchange market, the local currency, Naira, has suffered further bashing, depreciating to N415/ USD1 yesterday in the parallel market, bringing total weekly loss to N20 per dollar. :):shakehands:


  • Re: Breaking News!!!!!!!!!! Post #284861
    Posted at: 8:40 am, 28th Aug 2016
    by Oracle. SMN Forum Moderator. Joined: 19th May 2010. Thanked 454 times.

    MalamImam;284848 wrote:
    Exactly. You get the narrative. In addition, as presently constituted the secular banks are dominated by infidels and do not add any value to the country. It is in the nation's strategic interest to sanitize these corrupt institutions and instill the fear of Allah in them. We should count ourselves lucky to have the IDB agree to open shop in Nigeria. They will help us instill the right values in our banking institutions and aggressively support the spread of Allah's laws in our depraved society.

    So if you close the 8 banks so that IDB will have more customer base??? Na wah ooo. Did NCC close other telecos when etisalat wanted to do her debut???

    To go school good oo:D


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