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  • Job Opportunity in Abuja Nassarawa Axis Post #271093
    Posted at: 12:27 am, 8th Feb 2016
    by nosa2. SMN . Joined: 23rd October 2008. Thanked 269 times.

    If you studied agric and are resident in Nassarawa or Abuja please contact me. I have a part time job. Work a few days and make some money.

    reply to this topic or send me a message with your contact details.

    Alternatively you can mail me on nosa2 at iCloud dot com


  • Re: State of the Nation Post #271092
    Posted at: 12:21 am, 8th Feb 2016
    by Oxford. SMN . Joined: 3rd January 2016. Thanked 1 times.

    The Department of State Service (DSS) had filed new charges against the embattled former National Security Adviser, Sambo Dasuki, stating that he left the Nigerian Army with proper resignation.
    Dasuki who is currently enmeshed in corrupt dealings and diversion of $2.1 billion meant for purchase of arms for the Nigerian Armed Forces will be held by the DSS.
    His new ordeal was revealed by Rotimi Jacobs at the last hearing of the suit against the retired Colonel at Federal Capital Territory, FCT High Court last Thursday.
    Jacobs had attributed the refusal of government to set the former NSA free, in spite of the bail he has been granted by three different courts to this military past.
    The prosecuting counsel had told the court that Dasuki was a fugitive, having ran away from the Army without proper resignation.
    Jacobs added that the ex-NSA is being currently held by the Department of State Service (DSS) on alleged breach of army service rule.
    The Senior Advocate of Nigeria who is the counsel to Economic and Financial Crimes Commission in the trial of Dasuki on alleged money laundering, told Justice Husseini Baba Yusuf that Dasuki was being detained by DSS in spite of the bail granted him by the judge because of his past in the military.
    Jacobs specifically told the court that Dasuki went on an exile for seven years and that during the period he allegedly breached the army service rules.
    But Ahmed Raji, Dasuki lead counsel disputed the claims.
    Jacobs in a statement published on PRNigeria on Sunday said his client legally left the Army in 1994 and his exit in the military was officially gazetted by the Federal government through the former Head of State, General Abdulsalami Abubakar in 1999.
    Raji (SAN) therefore claimed that the allegation was a fallacy and a concocted lie to confuse the court as the prosecution has no answer to the well-grounded objection raised by the defence.
    The lawyer claimed that “the allegation of fugitive against Dasuki cannot hold water on stand in the face of the law in view of the official gazette of the Federal Government that confirmed his retirement from the military.
    “It is curious that the prosecution counsel who initially claimed ignorance of the reason behind the denial of bail is now coming up with these excuses… I am tempted to believe that my learned friend Mr. Rotimi Jacob SAN must be genuinely mixing-up facts or mistake of identity.”
    The lawyer further added that: “The allegation is baseless, unwarranted and malicious because his exit was in the gazette of the Federal government. We accordingly urge those holding Dasuki in the custody in flagrant disobedience to the court order that granted him bail to have a rethink and respect the rule of law.”
    Meanwhile PRNigeria, a website usually used by government agencies and military for dissemination of information said it gathered that former military dictator, late General Sani Abacha held Dasuki in contempt and marked him down for persecution, when he (Dasuki) opened up his mind on the annulled June 12, 1993 Presidential election and that the winner of the election, late MKO Abiola be installed as Nigerian President.
    “Dasuki was among the officer who confronted Late Sani Abacha and insisted that MKO Abiola be freed and allowed to become President over the June 12, 1993 President election. This led to the premature retirement of Dasuki and other officers in 1994.
    “The persecution that followed forced him into exile where he joined forces with other patriotic Nigerians to claim for the return of democracy in Nigeria.
    “Some top politicians in the current administration also fled into exile to sustain campaigns for the enthronement of democracy. Dasuki and others were declared wanted by the Abacha’s police.
    PR Nigeria however noted in an official Gazette No 33 Volume 86, Dasuki was granted clemency and pardon along with others on March 4, 1999 by General Abdulsalam Abubakar, the then Head of State and Commander in Chief of the Armed Forces for their innocence and meritorious service to their fatherland.

    DSS files new charge against Dasuki, says he left the army without resigning | P.M. NEWS Nigeria


  • Re: Economicwatch Post #271091
    Posted at: 11:31 pm, 7th Feb 2016
    by citizen. SMN . Joined: 27th March 2008. Thanked 58 times.

    “We see the price of major financial stocks, particularly in Europe, which are truly frightening,” Gundlach said. “Do you know that Credit Suisse, which is a powerhouse bank, their stock price is lower than it was in the depths of the financial crisis in 2009? Do you know that Deutsche Bank is at a lower price today than it was in 2009 when we were talking about the potential implosion of the entire global banking system?”

    The manager of the $54.7 billion DoubleLine Total Return Bond Fund said the dollar is headed lower in 2016 and that he’s buying non-U.S. currencies for the first time in five years.

    The euro is likely to strengthen against the greenback as the probability that the Federal Reserve will increase borrowing costs at its March meeting is virtually zero, and only 50 percent for the rest of the year, he told the Tiger 21 conference for high-net-worth investors.


    Gundlach, 56, said he’s considering buying corporate bonds later this year as prices continue to fall, including investing his personal money.

    ‘Next Opportunity’

    “The whole question for me is when am I going to buy enormous amounts of corporate credit, because it’s crystal clear that that’s the next opportunity that’s out there,” Gundlach said. “There’s plenty of things out there that will have 100 percent returns. It’s a whole question of: Don’t tell me what to buy, tell me when to buy it.”

    Debt related to energy and mining is still very risky, because of weakness in China’s economy and a worldwide oil glut, he said.

    “There’s simply no bullish case for oil right now,” Gundlach said.



    http://www.bloomberg.com/news/articles/2016-02-05/gundlach-says-frightening-seeing-financial-stocks-below-crisis


  • Re: Economicwatch Post #271090
    Posted at: 11:26 pm, 7th Feb 2016
    by mecatchcha. SMN . Joined: 19th November 2007. Thanked 26 times.

    duduspace;271088 wrote:
    I was so looking forward to a constructive discussion on this, the week don pass o. Oga Eni, you disappointed me.

    You will wait till eternity. Same way Oga Eni made a highlight on Afrinvest fund scam, made a promise and zoom off.

    "If na Sir Migiets, I for suspect say CBN don cool his temper...."


  • Re: GTBank Post #271089
    Posted at: 10:32 pm, 7th Feb 2016
    by duduspace. SMN . Joined: 13th February 2007. Thanked 275 times.

    Babs_O;271084 wrote:
    The bank is an excellent bank with solid financial ethics. Nigerians vote for them a lot and you can see it with how people rush to bank with them !

    GTBank indeed set high standards, one would hope it continue and their leadership succession would suggest its a culture and not an individual's acumen at work. Hopefully such a culture continues long into the future. All it takes to damage a reputation it took so long to build is one rotten apple.


  • Re: Economicwatch Post #271088
    Posted at: 10:28 pm, 7th Feb 2016
    by duduspace. SMN . Joined: 13th February 2007. Thanked 275 times.

    eniyanman;270797 wrote:
    This week, I intend to make my case to assert that devaluation has already occurred and the CBN forex subsidy/waiver can no longer be justified.

    My focus will be
    1. Similarities between PTA (Personal [formerly Basic] Travel Allowance with origins in 1980s) and BDCs.
    2. GDP rebase - why the biggest contributors to our economy don't benefit from the forex subsidy.
    3. How can Nigeria justify a multi-billion dollar loan while it currently loses N100 for every dollar the CBN sells.
    4. Dangote - a case study on how promises don't match reality! And how not to bet an economy on one man.

    I was so looking forward to a constructive discussion on this, the week don pass o. Oga Eni, you disappointed me.


  • Re: Oil & Gas News Highlights! Post #271087
    Posted at: 10:22 pm, 7th Feb 2016
    by nosa2. SMN . Joined: 23rd October 2008. Thanked 269 times.

    waaan5;271074 wrote:
    Indeed. What could have been our lot in times like this, if not for our visionary, purposeful, decisive and compassionate ruler?
    waaan5;271083 wrote:
    One SMN thanks for your patriotism. How I wish our diaspora will be as patriotic, and stop denting the good image of Nigeria.

    They are making the good work our Leader is doing to clean up Nigeria, very difficult. But as a forthright and fearless man than he is, he had to reprimand them right there in the UK.

    It is the trending news there now, showing what a no nonsense leader we have. I guess those who are wise among them will take our leader's order to stop and desist, very seriously.

    It is high time to call out our diaspora that have been sabotaging our efforts at attracting FDIs and FPIs into the country.

    :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D

    You have finally seen the light. With Boko Haram defeated I think it's time we support the efforts of our glorious leader in navigating the economy forward.

    We need to focus on recovering the Dasuki loot so we can use the money to rebuild the country.


  • Re: Breaking News!!!!!!!!!! Post #271086
    Posted at: 9:31 pm, 7th Feb 2016
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 379 times.


  • Re: Oil & Gas News Highlights! Post #271085
    Posted at: 9:14 pm, 7th Feb 2016
    by duduspace. SMN . Joined: 13th February 2007. Thanked 275 times.

    migiets;271078 wrote:
    Before nko. I was already processing my visa to join Oga Dudu but i have changed my mind because our leader has said that we should stay at home. :D

    Were you planning a long stay at HRM's pleasure before or were you planning on being a good representative of your country with a skill your adopted country might find useful? I think the average person knows very well those to whom PMB was referring hence why he said 'some' and not 'all' Nigerians.


  • Re: GTBank Post #271084
    Posted at: 8:57 pm, 7th Feb 2016
    by Babs_O. SMN . Joined: 11th December 2007. Thanked 36 times.

    Salida;271059 wrote:
    It is a signal to Foreign Investors that they can cash out their investments ahead of time if they choose that route which is a positive market signal.
    It also shows,in my opinion that GTBank is ahead of its peers in the Eurobond game and has enough Forex to meet its obligations.:)

    Little wonder it was still available at a premium compared to its peers when the market got insane during the recent selloff.:)

    Caveat: This is not a buy or sell recommendation on GTBank.

    Happy Investing!!!

    The bank is an excellent bank with solid financial ethics. Nigerians vote for them a lot and you can see it with how people rush to bank with them !


  • Re: Oil & Gas News Highlights! Post #271083
    Posted at: 8:45 pm, 7th Feb 2016
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 379 times.

    migiets;271078 wrote:
    Before nko. I was already processing my visa to join Oga Dudu but i have changed my mind because our leader has said that we should stay at home. :D

    One SMN thanks for your patriotism. How I wish our diaspora will be as patriotic, and stop denting the good image of Nigeria.

    They are making the good work our Leader is doing to clean up Nigeria, very difficult. But as a forthright and fearless man than he is, he had to reprimand them right there in the UK.

    It is the trending news there now, showing what a no nonsense leader we have. I guess those who are wise among them will take our leader's order to stop and desist, very seriously.

    It is high time to call out our diaspora that have been sabotaging our efforts at attracting FDIs and FPIs into the country.


  • Re: State of the Nation Post #271082
    Posted at: 8:43 pm, 7th Feb 2016
    by duduspace. SMN . Joined: 13th February 2007. Thanked 275 times.

    migiets;271077 wrote:
    cc: Oga Dudu.

    :bolt: to my secured Kukuruku hills in Afemai land to await big big grammar from Oga Dudu ably supported by his side-kick.

    I am happy Senator Garba is putting pressure on the military and the government to do their job and ensure security of lives in Nigeria. He is serving his constituency well and I hope his people recognise his efforts at keeping them in the forefront of discussions on insecurity.
    I did say that for me, the war is not truly won until all the displaced people are back in their homes and settled and I'm glad to know some are already returning. I feel for the Senator its not gotten to his people yet and hope it does as soon as possible. Also, for the records it wasn't me who said BH were no longer holding Nigerian territory, it was NEMA that said so. Any sincere person would however admit the situation has improved since BH drove serving military personnel out of their barracks in places as far flung as Adamawa state under the previous government and pictures of Nigerian soldiers fleeing into the mountains were posted all over YouTube.

    May we never see a return of those days.

    EDIT: Who Is the sidekick you're referring to ? and whose sidekick are you ?


  • Re: World Politics Post #271081
    Posted at: 8:28 pm, 7th Feb 2016
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 379 times.

    dupeodus;271080 wrote:
    Saudi Arabia drew down its reserves because of the fall in oil price. When oil price was high, Saudi Arabia was building it's reserves precisely for this period. The criticism of Jonathan's administration is that at the time oil price was high when we should have continued to build the reserves for a time like this, he drew down the reserves instead. On top of it, you cannot see anything tangible thing that the money was used for. In the case of China, China embarked on a major infrastructural development and the whole world can see it.

    You just confirmed my second paragraph. Thank you. :wavey:


  • Re: World Politics Post #271080
    Posted at: 8:22 pm, 7th Feb 2016
    by dupeodus. SMN . Joined: 15th November 2012. Thanked 64 times.

    waaan5;271079 wrote:
    Chinese burnt through $100bln, same with Saudi Arabia that has also announced austerity measures to cope.

    But you will hear excuses that past nigerian govts did not save enough, from those who do not want to admit that what is lacking, are prompt and adequate actions, with which to mitigate effects of commodity market downturns :)
    Saudi Arabia drew down its reserves because of the fall in oil price. When oil price was high, Saudi Arabia was building it's reserves precisely for this period. The criticism of Jonathan's administration is that at the time oil price was high when we should have continued to build the reserves for a time like this, he drew down the reserves instead. On top of it, you cannot see anything tangible thing that the money was used for. In the case of China, China embarked on a major infrastructural development and the whole world can see it.


  • Re: World Politics Post #271079
    Posted at: 7:52 pm, 7th Feb 2016
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 379 times.


    Chinese burnt through $100bln, same with Saudi Arabia that has also announced austerity measures to cope.

    But you will hear excuses that past nigerian govts did not save enough, from those who do not want to admit that what is lacking, are prompt and adequate actions, with which to mitigate effects of commodity market downturns :)


  • Re: Oil & Gas News Highlights! Post #271078
    Posted at: 7:51 pm, 7th Feb 2016
    by migiets. SMN . Joined: 1st March 2008. Thanked 253 times.

    waaan5;271074 wrote:
    Indeed. What could have been our lot in times like this, if not for our visionary, purposeful, decisive and compassionate ruler?

    Before nko. I was already processing my visa to join Oga Dudu but i have changed my mind because our leader has said that we should stay at home. :D


  • Re: State of the Nation Post #271077
    Posted at: 7:46 pm, 7th Feb 2016
    by migiets. SMN . Joined: 1st March 2008. Thanked 253 times.


    cc: Oga Dudu.

    :bolt: to my secured Kukuruku hills in Afemai land to await big big grammar from Oga Dudu ably supported by his side-kick.


  • Re: State of the Nation Post #271076
    Posted at: 7:37 pm, 7th Feb 2016
    by citizen. SMN . Joined: 27th March 2008. Thanked 58 times.


  • Re: State of the Nation Post #271075
    Posted at: 7:37 pm, 7th Feb 2016
    by citizen. SMN . Joined: 27th March 2008. Thanked 58 times.


  • Re: Oil & Gas News Highlights! Post #271074
    Posted at: 7:29 pm, 7th Feb 2016
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 379 times.

    nosa2;271071 wrote:
    Deep recession would be putting it mildly. Nigerians were desperately poor and they are about to get a whole lot poorer. As I said on my blog, all I can see is unprecedented civil unrest. Our glorious leader has good intentions but he just doesn't have the means of executing them.

    Indeed. What could have been our lot in times like this, if not for our visionary, purposeful, decisive and compassionate ruler?


  • Re: State of the Nation Post #271073
    Posted at: 7:28 pm, 7th Feb 2016
    by citizen. SMN . Joined: 27th March 2008. Thanked 58 times.


  • Re: World Politics Post #271072
    Posted at: 6:33 pm, 7th Feb 2016
    by citizen. SMN . Joined: 27th March 2008. Thanked 58 times.


  • Re: Oil & Gas News Highlights! Post #271071
    Posted at: 1:57 pm, 7th Feb 2016
    by nosa2. SMN . Joined: 23rd October 2008. Thanked 269 times.

    Sean12010;271070 wrote:
    Lol, that was quick. That means Nigeria economy is in deep recession with little hope of bouncing back. I appreciate your response.

    Deep recession would be putting it mildly. Nigerians were desperately poor and they are about to get a whole lot poorer. As I said on my blog, all I can see is unprecedented civil unrest. Our glorious leader has good intentions but he just doesn't have the means of executing them.


  • Re: Oil & Gas News Highlights! Post #271070
    Posted at: 1:38 pm, 7th Feb 2016
    by Sean12010. SMN . Joined: 15th February 2014. Thanked 3 times.

    nosa2;271069 wrote:
    There is nothing to pick, market is bad and is set to get worse going forward.

    Lol, that was quick. That means Nigeria economy is in deep recession with little hope of bouncing back. I appreciate your response.


  • Re: Oil & Gas News Highlights! Post #271069
    Posted at: 1:21 pm, 7th Feb 2016
    by nosa2. SMN . Joined: 23rd October 2008. Thanked 269 times.

    Sean12010;271067 wrote:
    I think energy should be channeled towards benefiting issues like stock picks or create a thread for purpose of picking stocks backing it up with facts and caveat cos we have many Nostradamus / seasoned investors here.

    There is nothing to pick, market is bad and is set to get worse going forward.


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