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Politics / Re: DSS Uncovers Security Personnel, Foreigners, Minor On APC Membership List by Flye: 6:31am On Jan 08, 2015
Even during military regime, government agencies the not this partisan, it is a shame the security agencies that suppose to keep us protected is the one government is using to harm us, intimidate us, and destroy the Nations democracy. Before it was police now it is DSS what will it be next?
Jonathan and his cohorts should remember that nothing last forever even if he wins, his 4 years will still be over.
Technology Market / Re: OLX Nigeria Sanitizing Their Website Listings? by Flye: 4:26pm On Jan 07, 2015
harizy:
It wud be impossible for dem to filter out 100% of all the scammers but a great percentage should be droppd
The problem is our security agencies don't do their job otherwise they wouldn't be so bold to post and include their phone number. Even one called himself custom officer and even have the gut to invite me to meet infront of custom haedoffice in wise zone 3. I was suprised he was not afraid I might set him up and arrest him.
Politics / Re: APC Is Planning To Hack INEC Computers, Says DSS by Flye: 1:34pm On Jan 07, 2015
This PDP and lie are born together, my problem is that all government agencies just follow PDP as if PDP is Nigeria.

12 Likes

Politics / Re: Legislative Violence (pictures) by Flye: 8:05am On Jan 07, 2015
It is normal to fight in the legislative house provided it is to the benefit the public.
Politics / Re: GMB Will Be Taking Holy Communion In This Desperate Bid For Power -okupe Tweets by Flye: 7:06am On Jan 07, 2015
But we need leaders who can give all Nigerians sense of belonging, we don't want the tribalist and religion sentiment leaders who move from one church to another forgetting the Nigeria is a secular state.
Politics / Re: Should A Religious Leader Be Politically Neutral? by Flye: 7:02am On Jan 07, 2015
Their silence under the guise of been neutral has been the reason why Nigeria has been this backward, even in the Bible men of God warned leaders when ever they re going astray. So I expected all men of God to say the truth not biase.

2 Likes

Politics / Re: Nine PDP Governors Shun Jonathan Campaign Launch by Flye: 6:25am On Jan 07, 2015
politricks:
Most people now giving the president the 'ebola' treatment.
grin grin grin grin angry grin grin grin grin grin grin grin grin grin grin grin angry
Politics / Re: Nine PDP Governors Shun Jonathan Campaign Launch by Flye: 6:22am On Jan 07, 2015
Even those that were there were just there in body not on spirit.
Politics / Re: Desperation In The Jonathan Camp In Anticipation Of Defeat by Flye: 6:20am On Jan 07, 2015
PDP always try to deceive people but we will allow them to do that.
Travel / Re: Picture Of A Federal Road In Anambra by Flye: 6:17am On Jan 07, 2015
Father Mbaka was right after all.

1 Like

Politics / Re: Jonathan’s Govt Is A Dismal Failure, Says Fani-kayode June 6, 2013 Written By by Flye: 6:16am On Jan 07, 2015
We all know that.
Politics / Re: I'll Send Corrupt Nigerians To Kirikiri Prison - Buhari by Flye: 6:15am On Jan 07, 2015
We re waiting for that.

2 Likes

Politics / Re: I’ll Expose Failures Of Ex-heads Of State – Jonathan by Flye: 6:13am On Jan 07, 2015
Truly this man must be clueless, after 6years and massive defeat on his way? Nawah ooooooh.

2 Likes

Politics / Re: See The Names Of Members Of APC Presidential Campaign Council by Flye: 6:11am On Jan 07, 2015
OK, it is God that is campaigning for him and it's people's prayer that will be answered in 2015.

1 Like

Politics / Re: Only 3 Sets Of People Will Vote For Jonathan by Flye: 5:47pm On Jan 06, 2015
I used to say that it's only
(1) A blind man
(2) A SSycophant
(3) An illiterates
(4) A Seriously Corrupt individual and lovers of corruption
(5) A Sick fellow who does not know what is happening around him
Will be the ones that will want the status quo.

1 Like

Politics / Re: Re: MEND Endorses Buhari, Accuse Jonathan Of Failing Nigerians by Flye: 5:42pm On Jan 06, 2015
It has finish just like Jesus said @ the end of his mission.
Politics / Re: (PHOTOS) UNBELIEVEABLE Crowd Turn Up For Buhari In Uyo by Flye: 5:40pm On Jan 06, 2015
Who ever believed they can gather such crowd, I'm still perplex by that, common Amechi is the next political strategist in Nigeria.

2 Likes

Politics / Re: MEND Backs Buhari For Presidency by Flye: 5:35pm On Jan 06, 2015
Don't forget ohaneze is still contemplating on their own position.
Politics / Re: MEND Backs Buhari For Presidency by Flye: 5:30pm On Jan 06, 2015
Ooohhh! shocked clear eyes, read again, clear throat grin grin
Politics / Re: Pictures From The APC Presidential Rally In Port Harcourt & Uyo by Flye: 5:23pm On Jan 06, 2015
Woooow! Amechi tried too. I never believed APC could gather so many crowd like that in Rivers and akwa ibom, if it was a ruling party I would have believed they were paid.anyway hope to see such turn out during election.

88 Likes 4 Shares

Politics / Re: Power Tussle:Governor Dickson Fires Patience Jonathan’s Loyalists In His Cabinet by Flye: 9:44am On Jan 06, 2015
Something must really be happening, every body is just fighting him except the sycophants.

2 Likes

Politics / Re: Buhari Visits Akwa Ibom On Tuesday (today) by Flye: 9:00am On Jan 06, 2015
Let us wait and see what Akwa ibom holds for him.
Politics / Re: Events That Shaped Nigeria In 2014 by Flye: 8:54am On Jan 06, 2015
Mod sorry for posting this in politics section, I really don't know the best place to post this. Kindly move it to where you think it should be best placed.
Politics / Events That Shaped Nigeria In 2014 by Flye: 8:51am On Jan 06, 2015
2014 was, indeed, a symbolic year in our nation’s history! It is the year Nigeria marked her 100 years of nationhood; from 1914 when Sir Frederick Lord Lugard amalgamated the Northern and Southern Protectorates into one geographical entity with visible contour lines and elaborate landmarks on the global map till date. The country is still struggling with identity challenge, many rivers have passed under the bridge. Hence, 2014 makes it 100 years of an improbable journey that began in 1914.

Similarly, 2014 will go down in history as the year Nigeria toppled South Africa to become the largest economy on the continent with a Gross Domestic Product (GDP) of $510 billion. It will be recalled that since 1990 when the nation rebased her GDP, it was last year, after about 24 years of ranking Nigeria as the second largest economy in Africa, that the new GDP calculations included sectors and sub-sectors like Entertainment, Information Communication Technology (ICT), Publishing and other services.

It is also the year the proscribed Islamic sect, Boko Haram added a new dimension to its extant campaign of terror against the Federal Government of Nigeria. We are all familiar with one of the unforgettable tragic incidents that struck the conscience of humanity in April. It is the sorrowful story of over 200 promising schoolgirls in Chibok who went in pursuit of their dreams for better lives in a boarding school, but only ended up in the dungeon of life they had never imagined for themselves.

This is one incident with many scars on the conscience of anyone involved. It is also one of the constant reminders that we live in a dangerous world! The shambolic act is, however, one of the horrible stories humanity must get when human wrongs are turned to human laws as against the unchangeable laws of nature which govern creation.

2014 is also the year the opposition All Progressives Congress (APC) now has the number 4 citizen in Nigeria’s order of protocols. It is also the year the opposition APC proved critics wrong by conducting successful convention which made Chief John Oyegun as its National Chairman. The party also conducted successful presidential primary which still keeps it focused and on track. On the other hand, the ruling Peoples Democratic Party (PDP) added a novel idea to our political development by giving the right of first refusal to President Goodluck Jonathan; a practice only found in advanced democracies like the United States.

The party also held a successful convention which saw the ratification of the sole candidacy of the President as well as its game changing National Chairman, Alhaji Adamu Muazu, who succeeded the former National Chairman, Dr. Bamaga Tukur, who resigned from office in the month of January. Unlike before, 2014 presented Nigerians with two major presidential candidates that no one can confidently predict who will emerge victorious until after February 14. But, there is a universal principle of extra miles which anyone that wants to win must adopt. Like we know, a principle is a universal law with a predicted outcome, but whereby the result goes the other way, it means the unmovable mover of events and maker of history in the affairs of mortals wants it that way.

2014 is also the year Nigeria had severe diplomatic relationships with one of its democratic allies, the United States of America. This culminated in the cancellation of military training on counter-terrorism the US army gives to the country’s army. The year also saw the refusal of the United States to sell military hardware to Nigeria.
2014 also brought Ebola Virus Disease (EVD) into Nigeria. It was a Liberian, late Mr. Patrick Sawyer, that brought the deadly disease to the country. Subsequently, the virus spread in Lagos, and from Lagos to Rivers State. EVD brought change of lifestyles in the country. Apart from its adverse effect on the local economy, some persons stopped the eating of bush meat, handshake, while a ban on public gathering was imposed across the country. The religious organisations which gather for crusades were not left out. The Catholic Church in Nigeria was forced by circumstances to alter its tradition of shaking hands while mass is in progress.

As expected of any novel disease, Nigerians first reacted to Ebola in traditional ways. We can remember the use of salt and hot water for bathing and drinking. Some Nigerians even died out of panic because of the belief that Ebola had no cure.

While ZMAPP was prescribed for its treatment, a Nigerian was said to have introduced Nano Silver, but only God knows what our health workers used for the treatment of the virus. Be that as it may be, commendation must go to the Federal Government, the Lagos and Rivers State Governments as well as our gallant health workers who were fearless in fighting off Ebola from our shores. Our vibrant and ever dependable media must not be left out because of the role it played while Ebola lasted in the country. But then, the ultimate heroes and heroines are those health workers who died of Ebola in the cause of discharging their duties.

Furthermore, 2014 cannot go without the mention of its negative effects on our economy, even though it is the year Nigeria emerged as the largest economy in Africa!

We can remember the Naira devaluation occasioned by scarcity of the United States Dollar. The plunging price of oil at the International Energy Market also affected our economy, especially the budgetary benchmark which plummeted from $78 per barrel through $73 per barrel and lastly to the $65 per barrel, as at the time of writing this article.

The exploration of Shale Oil in the United States and the decision by the global oil cartel, the Organization of Petroleum Exporting Countries (OPEC) not to cut oil supply also made matters worse. In the future, I will analyze the effects of oil glut on the economies of oil producing countries of the world, especially in Russia where its national currency, the Rubble is not finding it easy and in Venezuela where the economy contracted by 2.3 percent in the third quarter of the year and a hyper inflation of 63.6 percent, the highest in the world as well as which country President Nicholas Maduro of Venezuelan said was the main target of the glut.

Nonetheless, there are many woes and successes which either negatively or positively shaped the country in 2014, but, which chronicling them may be debilitating. Hence, barring any unforeseen circumstances which may affect the country, I must say that February 14 and May 29 are going to be two major dates in 2015 that will determine whatever direction Nigeria will take. Until then, may I humbly say Happy New Year to all Nigerians.

•Uhara writes from Abuja.

http://sunnewsonline.com/new/?p=98955
Politics / Re: We’ll Deliver Kano’s Five Million Votes To Buhari — Ganduje by Flye: 8:43am On Jan 06, 2015
Nawah oooooh!! So you mean shekarau will just be a minister for nothing? Common! Man the guy will deliver small vote give PDP.
Politics / Re: Buhari’s Certificates With Us, Says Army by Flye: 7:28am On Jan 06, 2015
Which one to belief?
We don't have his certificate or it is with us? Nawa for Nigeria, all institutions in Nigeria are in confusion.
Politics / Re: 'When It Comes To Corruption During My Government, I Was A Saint' — IBB by Flye: 7:18am On Jan 06, 2015
Flye:


If this man supports Gej then Nigeria has finished.
Pangea:
grin
Jonathan! see what you have caused ?
I no blame am Sha!
Anyone that sees what is going on now
Will definitely declare the devil a born again grin
Celebrities / Re: D’banj Proposes To Girlfriend by Flye: 6:53am On Jan 06, 2015
crazysaint:
Picture is not attatch to this how i i blvit
You fit go find one camera to snap them upon the matter now.
Business / Re: CBN May Further Devalue Naira After Elections by Flye: 5:33am On Jan 06, 2015
So whether we vote for Buhari of gej, our currency is doomed already?

1 Like

Business / CBN May Further Devalue Naira After Elections by Flye: 5:32am On Jan 06, 2015
The Central Bank of Nigeria’s Monetary Policy Committee might be forced to devalue the naira again after the general elections scheduled to hold in February, it was learnt on Monday.

The indication to this effect is coming less than two months after the MPC devalued the currency on November 25 from 155 to 168 to the United States dollar.

Sources said the proposed devaluation was because the currency was already trading at the interbank market below the 160-176 target band set by the CBN.

They said it was necessary to devalue the naira again in order to prevent further pressure on the currency and arrest subsequent depreciation of its value.

It was learnt that the fresh devaluation was meant to be carried out during the next meeting of the MPC, which is scheduled to hold later this month, but it was postponed till after the elections in February for political considerations.

This came just as industry analysts predicted that the naira, which currently sells between 191 and 193 against the dollar at the parallel market, would likely exchange for over 220 soon.

According to experts, the naira has remained under continued pressure owing to the continued fall in the prices of crude oil in the international market and increased demand for the dollar locally.

The development, they said, would lead to a number of economic challenges this year.

“After the elections, the naira will sell above 220 against the dollar at the parallel market. And it is also noteworthy to say that the CBN will devalue the naira again after the February elections. The reason is due to the falling oil prices and the current demand pressure we are witnessing on the dollar,” the Acting President, Association of Bureau de Change Operators, Mr. Aminu Gwadabe, told our correspondent in an interview on Monday.

Some Nigerian and foreign analysts had predicted that the naira would sell for between 195 and 205 at the official market this year.

They equally believe the CBN will devalue the naira again after the elections.

BGL Plc, a Nigeria-based research and investment advisory firm, quoted analysts in its recent 2015 outlook report as saying that the naira would sell around 205 to the dollar at the official market in 2015.

Goldman Sachs had on July 18, 2014 forecast that the naira would trade at N195 to the dollar in 12 months.

The BGL analysts said the sustained demand for the dollar “means that the fundamental foreign exchange weakening pressures will remain and a further reduction in foreign exchange reserves in the next few months is expected, which could trigger further peg adjustments until the fundamental foreign exchange weakening pressure wanes in 6-12 months. However, increased diversification of the economy is expected to trigger stability over time.”

According to the Managing Director, Financial Derivatives Company Limited, Mr. Bismarck Rewane, the parallel market rate is expected to cross N200 as the dollar demand pressure persists.

He explained, “A N200/$ rate is only a 15 per cent adjustment as against 45 per cent devaluation in 2009. Although, projecting the value of the naira is currently clouded by several domestic and exogenous factors, the fair value of the currency is expected to be between N180/$ and N195/$ at the interbank market. The naira adjustment by the CBN is timely and the depreciation of the naira has reduced over time because the official rate is closer to equilibrium.

“A further depreciation of three to five per cent is also expected at the official market. This is due to anticipated impact of the global oil market spiral on external and fiscal buffers, which limits the central bank’s ability to support the naira. In addition, if the US changes its monetary policy stance, there might be a reversal of capital flows and an erosion of some of the external reserves.”

The CBN currently sells dollars to banks and authorised dealers at its twice-weekly regulated foreign exchange market, the Retail Dutch Auction System, for N168. However, the greenback closed at the interbank market at N185 per dollar on Monday.

Also on Monday, the dollar was sold on the streets of Lagos, Abuja and other cities for between N191 and N193. This brings the margin between the official market and parallel market rates to N25.

Going by the analysts’ prediction, if the dollar should sell for N205 at the official market, the margin between this official segment and the parallel market may make the greenback to go for about N230 on the streets.

When contacted, a CBN spokesman, Mr. Abdul Isah, said only the MPC could set the direction for the naira.

According to him, the committee will meet later this month to review the developments in the local and global economic environment and take necessary action.

He said there was a need to wait for the committee to hold its meeting before speculating on the fate of the naira.

http://www.punchng.com/business/business-economy/cbn-may-further-devalue-naira-after-elections/
Politics / Re: Picture That Answer The Question Of Who Is Jonathan And Who Is Buhari by Flye: 5:06am On Jan 06, 2015
What is the meaning of the dude that knelt down and steal, kill, lied, preached tribalism and hate.

10 Likes

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