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  • Re: Breaking News!!!!!!!!!! Post #284849
    Posted at: 4:30 pm, 27th Aug 2016
    by arostuff. SMN . Joined: 25th September 2010. Thanked 5 times.

    this thing wey all the big big Ogas in the house are joking with, na serious matter oh!..

    please would this TSA issue and banning from Forex market spell the death knell for first bank. from the reply and public release of first bank,its obvious they don't have the NNPC Forex kept ni their custody. because all they were saying in their public release is that of FULL DISCLOSURE to CBN as if that is the issue at hand. instead of addressing the issue of how and when they are going to retrn the money, FBNH was harping on full disclosure. would FBNH finally go down like its erstwhile twin sister UBN because of this TSA matter.


  • Re: Breaking News!!!!!!!!!! Post #284848
    Posted at: 3:41 pm, 27th Aug 2016
    by MalamImam. SMN . Joined: 29th September 2009. Thanked 86 times.

    waaan5;284846 wrote:
    And the narrative is that they are bringing real 'integrity' to banking that the 'criminal and greedy' secular banks in nigeria have refused to do. No be so? :)

    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.


  • Re: State of the Nation Post #284847
    Posted at: 12:49 pm, 27th Aug 2016
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 425 times.

    “He has shown his preference for cattle and goats over the scores of human lives killed in Southern Kaduna under his government. “With all the seriousness we can muster, SOKAPU reject completely the confiscation of 120,000 hectares’ of our ancestral lands as Cattle Grazing Reserves. “ Even, when the constitution entrusts all lands in the hands of state governors, it is clear that no land should be taken from a community and allocated to another entity for its exclusive use for profit,” he said.

    Read more at: Mass protest in Sanga over killings in Southern Kaduna, Grazing Reserves - Vanguard News

    I sympathize with the minority peoples of southern kaduna on this their flight, and tragedies.


  • Re: Breaking News!!!!!!!!!! Post #284846
    Posted at: 12:43 pm, 27th Aug 2016
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 425 times.

    Waves;284818 wrote:
    Islamic Development Bank, like the name suggests, is a development finance institution like Africa Development Bank (AfDB). They don't provide retail services. Jaiz Bank (Jaiz Bank Plc – Nigeria Non Interest banking) is a retail bank that operates the models you mentioned and they just got a national license which means they are coming soon to a location near you.

    I don't know much about what happens in banks. No outsider really knows.

    And the narrative is that they are bringing real 'integrity' to banking that the 'criminal and greedy' secular banks in nigeria have refused to do. No be so? :)


  • Re: Breaking News!!!!!!!!!! Post #284845
    Posted at: 12:37 pm, 27th Aug 2016
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 425 times.

    migiets;284809 wrote:
    Is that the answer to my question?. You seems to know about what goes on in the banking industry and you dey tell us say you be rice farmer. :cool:

    I cant help thanking you smnly for that 'useful' reply to oga waves. :)

    i am an AJ city Area Father washing plates at Mama Ejiro's bukka. And i am proud of my work. :)


  • Re: The Banks Post #284844
    Posted at: 12:27 pm, 27th Aug 2016
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 425 times.

    ayemco;284825 wrote:
    They can never stop private arrangements. They should just float this naira in reality

    One smn thanks my oga. They are a bunch of confused people. When they banned forex cash deposits into dorm accounts in Nigeria some moons ago, we told them they were on a lost battle. Are they not the ones that later reversed themselves?

    Time is coming when this same CBN will be begging whoever will bring forex into Nigeria by whatever means, to kindly do so :)


  • Re: Economicwatch Post #284843
    Posted at: 12:05 pm, 27th Aug 2016
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 425 times.

    egoigwe;284778 wrote:
    Africa’s richest man got a fistful of dollars in Nigerian currency squeeze Â* | Reuters

    Things that can only happen in George Orwell's Animal farm.

    No wonder some people call the country a Zoo.

    What do yo expect? Sanusi has told you how they will sit in their gardens and make billions of naira profit from forex under this government, through a simple phone call :)


  • Re: Economicwatch Post #284841
    Posted at: 11:45 am, 27th Aug 2016
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 425 times.

    laso;284770 wrote:
    These people no try at all o. Where is FIRS,how much did they make this month?

    Na so bro. One step forward, two steps backwards.

    When we say the federal govt should concentrate on building the economy, (instead of chasing shadows and engaging in propaganda and blame games), they think it is only the private sector that will benefit from that.

    There is a limit to what taxing alone can do to bring more money. It is the same SMEs that they kill with restrictions and the workers that are being laid off, the mass unemployed youths, that they expect to raise more taxes from.


  • Re: State of the Nation Post #284840
    Posted at: 11:42 am, 27th Aug 2016
    by kingojames. SMN . Joined: 24th April 2008. Thanked 10 times.

    HEADLINES; 27:08:16

    SATURDAY TELEGRAPH
    Alleged Bad governance: irate youths stone Kogi gov in mosque.
    Presidency: naming dog ‘Buhari’ laughable.
    Militants to FG: use Clark’s, Okowa’s dialogue template.
    Mercy Johnson: I lost movie role for being dark skinned.
    Akeredolu to Tinubu: you have lost your leardership position.
    Restructuring – Ohanaeze, IPOB blast Gowon

    VANGUARD
    Niger Delta: Exercise Crocodile is not about guns, boats alone – Army
    The unseen role of traditional rulers in politics
    Am done with Nigeria- says Saisia
    Tinubu ” has never kept his words” – Rotimi Akeredolu
    Edo most secured in S-South, says Oshiomhole
    Crude oil money buried in septic tanks under PDP – APC Woman leader
    Women are not supposed to be ‘playing the field!’
    HERDSMEN ATTACK: MASSOB blasts S/East govs as Ohaneze youths blame Buhari

    PUNCH
    Chickens forced to skip meals as cost of poultry feed rises...
    Police arrest 20-year-old over Enugu herdsmen attack
    We won’t reverse ban on building materials importation –Fashola
    Nigeria’s socio-economic crisis enormous but surmountable –Amosun
    Chibok parents bypass campaigners, seek audience with Buhari
    Forex scarcity could soon lead to health crisis –PSN
    ASUU berates FGN over paucity of funds in varsities

    THISDAY
    Kachikwu: $40bn Spent on Niger Delta in 12 Years without Result
    Ohanaeze Youths Call for Self Defence against Herdsmen
    Kale: No Presidential Underhand in Delayed Release of July Inflation Figures
    Dogara, Others Collected N10bn as Running Costs, Alleges Abdulmumini
    Buhari Gives Nod for NPA, NIMASA Governing Board
    Military Amasses Troops, Weapons for Exercise as Plateau is Placed...
    Mahmoud: NBA to Join Fight against Corruption, seeks Reform of EFCC,...

    THE NATION
    EFCC rakes in N1.9bn from seized funds ofTafa Balogun, others
    Kogi Governor stoned in Lokoja
    FG constitutes boards for NPA, NIMASA
    NBA’s new president sworn in, seeks reforms in EFCC m
    IPOB backs Avengers’ Oct 1 breakup threat
    IDPs protest caused by break down of agreement, says Borno govt
    Kogi ministerial slot: Five jostle to replace Ocholi
    Behind Okowa, Uduaghan’s cold war in Delta

    LEADERSHIP
    Digitalization: Taraba Television Set To Beat 2017 Deadline
    Let’s Empower The Legislature
    Our Advocacy Is Neutral – BBOG
    LEADERSHIP Bags 2 Best Newspaper Awards
    Be Patient With Sheriff, Nigerians Told
    Edo 2016: Ize Iyamu Predicts Victory For PDP
    Maritime Security: Navy Raises The Alarm Over Fake Agencies
    Visa, Customs Clearance Affecting Our Services To N’East – UN

    NIGERIAN PILOT
    Man impregnates his 16-year-old sister in Lagos
    Dam tragedy: Victims not World Bank officials – Ekiti govt
    IPOB blasts FG, DSS, accuses them of spreading falsehood
    ALLEGED: IDP officials allegedly selling children for N0.1m each
    Between corporate governance and survival of Nigerian Banks
    Herdsmen attacks: MASSOB blames Igbo leaders over senseless attacks, killings
    APC crises deepen, as campaign DG dumps party
    Happy Weekend.

    Read The News, Share Your Opinions Without Anger; Who Anger Epp?
    And Remember
    Spice Your Day With A Lovely Laugh; Read The Cartoon Also.

    #GodBlessNigeria
    #HappyWeekend


  • Re: State of the Nation Post #284839
    Posted at: 11:13 am, 27th Aug 2016
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 425 times.

    duduspace;284826 wrote:
    US-visit-nigeria-CAN-blasts-kerry-says-visit-nigerian-muslims/

    It is always sad to see when people who should do better and be setting the right examples reason with the wrong part of their anatomy.
    Has this CAN leader been in this country since 2011 to really understand what has been going on in the North ?

    If as CAN president, this man cannot understand what danger the lawlessness allowed in the north over the past few years portended (not only for this country but 3 other countries) and why the US would prioritize that part of the country for now, then he has no business being CAN president and all christians in Nigeria should be disappointed to be represented by such a person.

    This is certainly not the Christian spirit and way of life that I understood by reading about Jesus in the bible
    and I think it needs explaining to this man that Christians do not only live in the south of Nigeria. He is meant to be the leader of ALL Christians in Nigeria and not only those in the South.

    Convenient Christianity indeed. You can now teach the CAN president the 'christian spirit of Jesus in the bible', and when it suits, you describe yourself as agnostic. :)

    Let truth be told, John Kerry's visit and meeting with only the northern governors, and the Sokoto Emirate is an ill thought through act (to say the least), by a Secretary of State of the USA. What message was he passing accross by that divisive action? CAN was right in calling him out.

    Is Boko Haram no longer a problem for the whole country? Is the North of Nigeria the only crisis region in the country?

    And how is the governor of Kogi state feeling the heat of Boko Haram to warrant a special visit from Kerry more than the governor of Enugu state?

    Is the Boko Haram in the North East of Nigeria the only insecurity in the country? What about the Niger Delta region with issues of militancy, economic sabotages and youth restiveness? Does this not deserve a meeting from John Kerry with the Niger Delta governors if Kerry is well meaning?

    And what about the menace of the some armed fulani herdsmen killing and maiming throughout the lenght and breath of the country? What will an address of the Nigerian governors forum, on security or any topic of his own choice, take away from John Kerry? Why must he divide the country in this way by electing to speak only to a section of the country?


  • Re: State of the Nation Post #284838
    Posted at: 10:01 am, 27th Aug 2016
    by PETERICHY. SMN . Joined: 16th January 2013. Thanked 56 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. :)

    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. :)


  • Re: State of the Nation Post #284837
    Posted at: 9:31 am, 27th Aug 2016
    by migiets. SMN . Joined: 1st March 2008. Thanked 298 times.

    waaan5;284834 wrote:
    One smn thanks my oga. You are a noble man to spare some thoughts for the Nigerians who have been visited with this tragedy of a government.

    Many people in your shoes who are enjoying outside the shores of Nigeria, will rather be laughing at us in their minds. They will tell us on the smn to 'be patient', and that 'no pain, no gain', 'it has to be very bad before it can get better', and so many other mocking platitudes.

    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. :)


  • Re: State of the Nation Post #284836
    Posted at: 9:29 am, 27th Aug 2016
    by migiets. SMN . Joined: 1st March 2008. Thanked 298 times.

    ambitiousr;284808 wrote:
    Oga Midgets, this is a very serious issue right now. This is not about reading some news online. I was on ground in Nigeria few weeks ago and i saw what is really going on. Family, friends, and relatives who never depends on the so-called government from day one but feed on their policy in terms of investment and business friendly are bitterly and heartily complaining and crying. It is very difficult for some of them to send their children to school talking of feeding or carrying out their parental role. And you expect me to be silent and quiet when your fellow human being are suffering because of the doltishness, denseness, slow-wittedness, dopiness, and absurdity of this so called 'One Chance' government. It had never been worse like this before. Seriously, this government never have any clue but just "try and error" approach.

    E be like you no dey hear word abi. :). Have i not warned you to spare me all these big big grammar as i do not have any money to buy a new dictionary. Since you no dey hear word, you need to appease the gods of big big grammar by sending me some FX to change at the nearest aboki so that i can buy a new dictionary. Just forget CBN and send it by private MTO.


  • Re: Economicwatch Post #284835
    Posted at: 9:11 am, 27th Aug 2016
    by PETERICHY. SMN . Joined: 16th January 2013. Thanked 56 times.

    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:


  • Re: State of the Nation Post #284834
    Posted at: 8:41 am, 27th Aug 2016
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 425 times.

    ambitiousr;284808 wrote:
    Oga Midgets, this is a very serious issue right now. This is not about reading some news online. I was on ground in Nigeria few weeks ago and i saw what is really going on. Family, friends, and relatives who never depends on the so-called government from day one but feed on their policy in terms of investment and business friendly are bitterly and heartily complaining and crying. It is very difficult for some of them to send their children to school talking of feeding or carrying out their parental role. And you expect me to be silent and quiet when your fellow human being are suffering because of the doltishness, denseness, slow-wittedness, dopiness, and absurdity of this so called 'One Chance' government. It had never been worse like this before. Seriously, this government never have any clue but just "try and error" approach.

    One smn thanks my oga. You are a noble man to spare some thoughts for the Nigerians who have been visited with this tragedy of a government.

    Many people in your shoes who are enjoying outside the shores of Nigeria, will rather be laughing at us in their minds. They will tell us on the smn to 'be patient', and that 'no pain, no gain', 'it has to be very bad before it can get better', and so many other mocking platitudes.


  • Re: State of the Nation Post #284833
    Posted at: 8:29 am, 27th Aug 2016
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 425 times.

    migiets;284779 wrote:
    What has happened to Lai Mohammend and Adams Osho?. Have they run out of people to blame?.

    Btw, i hope the Economy Emergence Powers(EEP) being sort for are not for us to go and start queuing for essential commodities?. We have seen WAI being re-launched. What next?.

    The EEP is to be able to sell national assets to their cronies without any semblance of due process. All other things they included are just masks of the real intention.

    And then after dashing the national assets to cronies with no questions asked, we can now queue for essencos (what we used to call 'essential commodities' in the 'good old days of 1984, that Buhari is taking racing us back to) :).


  • Re: State of the Nation Post #284832
    Posted at: 1:22 am, 27th Aug 2016
    by PETERICHY. SMN . Joined: 16th January 2013. Thanked 56 times.

    Omokri said he would not allow anyone rewrite history, arguing that Jonathan did his best for Nigeria.

    “How can anyone say President Muhammadu Buhari should not make Dr. Goodluck Jonathan’s mistake?” he asked.

    “Rather than avoid GEJ’s mistake, PMB should make the same GEJ mistake that made the economy grow at over 4% every year GEJ was in power!

    “Rather than avoid GEJ’s mistake, PMB should make the same GEJ mistake that ensured our economy overtook South Africa’s economy as Africa’s largest economy!

    “Rather than avoid GEJ’s mistake, PMB should make the same GEJ mistake that ensured Naira was stable at ₦150-₦215 to $1 between 2011-2015.

    “Rather than avoid GEJ’s mistake, PMB should make the same GEJ mistake that ensured EVERY state had at least one federal university! Rather than avoid GEJ’s mistake, PMB should make the same GEJ mistake that ensured EVERY election INEC held under GEJ was conclusive!

    “Rather than avoid GEJ’s mistake, PMB should make the same GEJ mistake that ensured civil servants were consistently paid as and when due!

    “How can you say a man who kept inflation at single digit THROUGHOUT his tenure was a mistake? Nigerians pray for PMB to make same ‘mistake’! Let me assure anybody NO MATTER WHO HE IS, I, Reno Omokri, will not let ANYONE rewrite history. GEJ was a man who did well for Nigeria!”

    Buhari Should Make Jonathan’s Mistakes, Says Omokri - Politics - Nigeria

    Buhari enriching ONLY FOREX earners since june 2015, More reason bros DUDU defends his government to the core.

    :D:aetsch::dancing2:


  • Re: Economicwatch Post #284830
    Posted at: 6:50 pm, 26th Aug 2016
    by people. SMN . Joined: 24th June 2013. Thanked 6 times.

    Buhari summons CBN Governor over Sanusi’s criticism
    14:06 26/08/2016

    Abuja - President Muhammadu Buhari on Thursday summoned the Governor of the
    Central Bank of Nigeria (CBN), Godwin Emefiele for a meeting at the Presidential
    Villa, Abuja, reports Punch.
    The summon follows Wednesday's criticism of the economy policies of the federal
    government by the Emir of Kano, Mohammadu Sanusi.
    Sanusi had said the Buhari-led administration might end up like the immediate
    past President Goodluck Jonathan’s administration if it failed to reverse some
    policies.
    The monarch according to News 24 urged Buhari to retrace his steps and not end
    up like the Jonathan-lead administration.
    Thursday meeting between the President and the CBN governor was held behind
    closed-doors.
    The meeting it was learnt afforded the CBN governor the opportunity to get
    approval to reply Sanusi.
    The CBN in the coming days is expected to respond to Sanusi’s comment.
    Buhari had on Thursday said he would not fight the monarch over his comments.
    The President said rather than fighting the Emir, he would listen and act on the
    criticism.


  • Re: State of the Nation Post #284828
    Posted at: 5:14 pm, 26th Aug 2016
    by laso. SMN . Joined: 9th January 2012. Thanked 74 times.


  • Re: The Banks Post #284827
    Posted at: 4:24 pm, 26th Aug 2016
    by baotoghile. SMN . Joined: 20th October 2007. Thanked 108 times.

    Dear All,

    Summary report and analysis for some selected banks...

    Regards,


  • Re: State of the Nation Post #284826
    Posted at: 4:19 pm, 26th Aug 2016
    by duduspace. SMN . Joined: 13th February 2007. Thanked 325 times.

    US-visit-nigeria-CAN-blasts-kerry-says-visit-nigerian-muslims/

    It is always sad to see when people who should do better and be setting the right examples reason with the wrong part of their anatomy.
    Has this CAN leader been in this country since 2011 to really understand what has been going on in the North ?

    If as CAN president, this man cannot understand what danger the lawlessness allowed in the north over the past few years portended (not only for this country but 3 other countries) and why the US would prioritize that part of the country for now, then he has no business being CAN president and all christians in Nigeria should be disappointed to be represented by such a person.

    This is certainly not the Christian spirit and way of life that I understood by reading about Jesus in the bible and I think it needs explaining to this man that Christians do not only live in the south of Nigeria. He is meant to be the leader of ALL Christians in Nigeria and not only those in the South.


  • Re: The Banks Post #284825
    Posted at: 4:12 pm, 26th Aug 2016
    by ayemco. SMN . Joined: 28th September 2007. Thanked 13 times.

    Oracle;284814 wrote:
    I think banks are part of the reason why these black market rate is not abating.

    So nice work clamping on them.
    They can never stop private arrangements. They should just float this naira in reality


  • Re: Economicwatch Post #284824
    Posted at: 3:57 pm, 26th Aug 2016
    by PETERICHY. SMN . Joined: 16th January 2013. Thanked 56 times.

    PETERICHY;284706 wrote:
    The last time i used western union for remittance was back in 2008.

    So CBN can go and rot in hell for all their blind and bad policies.

    How do they expect one to leave unathorise IMTO rate of N392 per USD with no extra charges and go for a western union rate 330 per USD plus extra charges. :mad:

    Even our patriotic Oga Commonsense won't fall for such bait :)


    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*


  • Re: State of the Nation Post #284823
    Posted at: 3:11 pm, 26th Aug 2016
    by overload. SMN . Joined: 18th October 2011. Thanked 107 times.


  • Re: Breaking News!!!!!!!!!! Post #284822
    Posted at: 2:31 pm, 26th Aug 2016
    by migiets. SMN . Joined: 1st March 2008. Thanked 298 times.

    Waves;284818 wrote:
    Islamic Development Bank, like the name suggests, is a development finance institution like Africa Development Bank (AfDB). They don't provide retail services. Jaiz Bank (Jaiz Bank Plc – Nigeria Non Interest banking) is a retail bank that operates the models you mentioned and they just got a national license which means they are coming soon to a location near you.

    I don't know much about what happens in banks. No outsider really knows.

    Iam well informed now but na wetin you for talk the first time be this now. :)


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