Confessng:
i dont see anything there that says its Oshiomole's bill can someone kindly point it out ?
Cos there are 36 govs in Nigeria

Now you have gone deaf,blind and dumb. Hypocrite

murtalaa:
if you are a legitimate importer, you can access the dollar at official rate of 197.

Inside your own bank

[quote author=NaLaugh post=40920290]Each time I see these "Naira Crashes" topics on Nairaland, I rush to check the official rate, to see if it's a sweet time to send cash to Naija.
But it is ALWAYS hovering at the same $1 = 199.05.

Other than the very few people in Nigeria who have to make payments in USD for visas and such, I don't see how the "black market" rates are relevant to average Nigerians.

These fluctuations at the "black market" are only driven by arbitration done by people running that market.
It has zero reflection on the strengths or weaknesses of the Naira. ONLY an official change in the exchange rate signals that.

At this moment, the official exchange rate remains $1 = 199.05.


note: I have no interest in the underlying politics of any of this. This post has nothing to do with whether or not Nigeria's current administration is failing or working. I honestly don't care. At the end of the day,


it's the same sh!t different toilet.[/quote



Are you serious? Nigeria is an import driven economy meaning we do more of import than export. We even import our refine fuel. Since we are import driven economy we use more of dollars, euros or pounds so the rise in such currency affect the prizes of such goods in the market. My brother nobody will sell both dollar or pounds at the official rate. They always sell using the black market prizes. Go to your bank and try to buy such with official prizes then you stay in the bank until Thu Kingdom come. Today one pound is almost 360 to naira. You see how it affect the common man.

oduastates:
Portfolio investors can get out.
We need manufacturer, factories to produce what we consume,brick and mortar investors and not speculators

Where will the manufacturers come from? Moon. Please Can you invest in Nigeria given her rate of uncertainty and no light and no good road to move your products.

The economy is down and we are now in the 7th month of this government yet we don't know they economic blueprint. We need to wake up from all these media bla bla about the missing dollars and let the courts do they jobs but let us focus on the economy that is going down each day. Today naira is almost 360 to a pound and some people are saying it doesn't matter for an economy that is import driven yet we are trying to borrow 1.9tr to finance this year budget will hoping the prize of oil doesn't go below 38 dollar. It's getting scary because small medium scale businesses are crying while the big ones are sacking staffs to cut costs. It's scary ......

Funny when people say that the fall in naira is nothing when we all know the bad impact of such to the economy. The economy is weak,inflation is high,high unemployment and I just read that all the economic indicators used to measure any economy is down. The government is about to borrow about 1.9tr naira to finance they budget increasing the debt ratio of the economy while hoping that the prize of crude doesn't fall below 38 dollars because if it does then they will need to borrow money to finance consumption. To borrow from Bloomberg,Nigeria economy needs a serious help before it becomes a disaster. I rest my case.

go and die

The presidential candidate of the All Progressives Congress, APC, Gen. Muhammadu Buhari, has said that Sharia law is limited to inheritance and marriage.
“Sharia is limited to inheritance, marriage etc. If anyone wants to change sharia they have to change the constitution: #Buhari at #CHAfrica”
The former Head of State who declared himself fit and healthy to lead the country if elected, also said that he takes full responsibility for whatever happened under his watch as a military dictator in Nigeria between 1983 to 1985. This was part of his address at the Chatham House, London during his speech on Prospects for Democratic Consolidation in Africa: Nigeria’s Transition.
Many electorates have expressed fear that Buhari, if elected, might implement full sharia law in all the states in Nigeria, especially, following media reports in 2001, that he will not stop the agitation for total implementation of the sharia in the country.
“This is the sacrifice the Moslems will have to make and persuade their fellow country men who are non-Moslems to accept. I will continue to show openly and inside me, the total commitment to Sharia movement that is sweeping all over Nigeria, God willing, we will not stop the agitation for the total implementation of the Sharia in the country,” he said in 2001 at National Convention of the Supreme Council for Sharia in Nigeria (SCSN), held at the Arewa House, Kaduna.
- See more at: http://www.vanguardngr.com/2015/02/sharia-limited-to-inheritance-marriage-buhari/#sthash.nzczRMFz.dpuf

President may soon expose ex-Head of State’s alleged personal demands, says PDP • Ruling party’s candidate likely to win, U.S. ex-envoy predicts

INDICATIONS emerged yesterday that the face- off between former President Olusegun Obasanjo and incumbent President Goodluck Jonathan may be far from abating as the

Peoples Democratic Party (PDP) said that the latter would soon disclose all alleged personal demands of the former that he had turned down since 2011 that might have fuelled the lingering animosity.

The party also declared that its leadership would decide on whether or not to sanction Obasanjo over allegation of anti-party activities.

Meanwhile, former United States Ambassador to Nigeria, John Campbell, has revealed that President Jonathan was the likely candidate to win the forthcoming elections, according to persecond news.com

Addressing a news conference in Abuja yesterday, the Director of Media and Publicity of the PDP Presidential Campaign Organisation, Femi Fani- Kayode, described Obasanjo’s allegation that Jonathan was planning to perpetuate himself in power unconstitutional as reckless and pointing that the allegations were assertions that were “capable of derailing our democracy and creating chaos in the land.

“The truth is that he knows that Jonathan will win next month’s presidential election and that is why he wants to destroy the credibility of the whole process right from the outset. What he is trying to say in his latest contribution is that if President Jonathan wins, then the election must have been rigged right from the outset. This is not only wrong but it is also unfair and uncharitable.”

Fani-Kayode challenged Obasanjo to prove his weighty allegations by presenting them before the Council of State and take it up there.

He should also report to INEC itself and present the data of whatever sinister plan he believes that Jonathan has to stay in power ‘’by hook or by crook’’ to them. He should tell INEC whatever it is that Jonathan is doing in order for him to stay in power by all means and he should give them all the details. That should be the starting point.”

On Obasanjo’s allegation that Jonathan was playing out a script of perpetuating himself in power like former Cote d’Voire President Laurent Gbabo, Fani Kayode stated:

“Jonathan has re-affirmed his commitment to the democratic process over and over again and he has also said that the handover date of May 29 is sacrosanct. In view of these assurances, one wonders why Obasanjo is creating such a hue and cry over nothing. What has he seen that no one else can see? One wonders what his motives are. Does he have to rule every government by proxy? Must every leader take instructions from him? Is it a case of ‘’if I cannot control you and tell you what to do then you must go?’’

“President Obasanjo spoke about President Gbagbo and he claimed that President Jonathan was attempting to do a Gbagbo in Nigeria. The question that must be put to him is this: ‘Who got Gbagbo out?’ Was it not Jonathan’s government that played a key role in ensuring that democracy was fully established in the Ivory Coast and did he not play a key role in ensuring that the Gbagbo plan to ‘’stay in power forever plan’’ did not work?

“If anyone doubts this they should ask President Alhassan Outtara of Cote d’Ivoire the role that Jonathan and Nigeria played in helping to restore democracy and stability to his country.

“They should also find out the role that Obasanjo played in attempting to keep President Gbagbo in power at all costs and the deep friendship that exists between the two men. It is a matter of fact and public record that when he was President, Obasanjo, perhaps more than any other African Head of State with the exception of President Jacob Zuma of South Africa, propped up and supported President Gbagbo and it is an irony of fate and history that he is now condemning the actions of his old friend and accusing others of trying to emulate them.”

“Again it is ironic that Obasanjo has accused President Jonathan of having a grand plan to stay in power at all costs and by all means yet it is the same Obasanjo that tried to stay in power for a third term even though the Nigerian constitution specifically forbids it. He tried all he could to change the constitution but the whole thing failed and he was compelled to leave power.”

On Obasanjo’s alleged demands from Jonathan, Fani-Kayode stated:

“After Jonathan came to power, Obasanjo not only tried to control and teleguide him, but he also asked him to do a number of things that were simply wrong and unacceptable. It is for Jonathan himself to divulge those things and I am sure that he will do so at the appropriate time. Needless to say Jonathan refused to be teleguided and told what to do even though at all times he showed Obasanjo maximum respect and accorded him all the privileges, access and courtesies that is due to a former Head of State and a father and mentor. This continued to be the case even after Obasanjo consistently attempted to undermine his government and ridicule his efforts.

“Yet Obasanjo could not be appeased and was not satisfied. As far as he was concerned, he must either control Jonathan or Jonathan had to go. That is why he decided to secretly support the APC and became their ‘navigator- in-chief’. He was determined to pull the whole house down rather than allow Jonathan to return to power. This is simply because he believes that if he cannot control someone, that person must be destroyed. Control and domination is an obsession for Obasanjo. That is the bottom line. He is prepared to put even the devil in power provided he can control him. That is why he is so determined to stop Jonathan and put in place an interim government which he, or one of his surrogates, will head. That is his plan and he is determined to achieve it no matter what it takes.

“Obasanjo does not want genuine democracy. He only pretends to want it. What he wants is control and a stooge in power. It does not matter what type of government it is as long as he controls it and it is headed by his puppet. It can be a military government, a civilian one, a democratic one, an interim government or a government of National Unity. To Obasanjo it does not matter as long as he can control it. That is his objective. That is why he hates Jonathan so much and that is why he wishes to stop him at all costs.”

“The bottom line is this: “Obasanjo’s grouse with Jonathan is personal and it has nothing to do with Nigeria. He should leave Nigeria out of it and let us all be. If he has a personal score to settle with Jonathan, he should not do so at the expense of the peace and stability of Nigeria. If he wants to stop Jonathan then let him attempt to do so through the democratic process and through the ballot box and not through foul and unconstitutional means. We said it before and we will say it again: gone are the days that any president can be teleguided and controlled, because we have all come of age.”

On Obasanjo’s alleged anti-party activities Fani-Kayode said: “‎It is very difficult to say that he (Obasanjo) is a member of the PDP and he is saying these sort of things and doing these sort of things it makes things very difficult for us and I think with this, it is left for the party chairman and leaders to make their own determination on our part as the Presidential campaign organisation to ensure that President Jonathan gives a good fight in terms of the elections. That is our job, we need to take on anybody.... or any institutions or...but he has made his choice and we have made our choices and we intend to stand where we stand nobody will be pushed around or intimidate us.

“I sincerely hope and pray that Obasanjo pulls back and rethink and join forces with us against the opposition. It is never too late even if it will be on the eve of the election, to have him on our corner will be great privilege and honour. As long as he stands on the other side and continues to cast aspersions on the character of the president and raise questions on him, what the president wants to do and suggesting that the president wants to stay in power by hook or by crook and all that sort of stuff, we cannot possibly expect us to keep quiet. We have to set the records straight. We have to stand with our president and with our party.”

Campbell, a Ralph Bunche senior fellow for Africa Policy Studies at the Council on Foreign Relations in a report titled, ‘Nigeria’s 2015 Presidential Election: Contingency Planning Memorandum Update, the envoy said, “despite the strength of the opposition, Jonathan remains the likely—but not certain—winner.

According to him, the 2015 elections again might precipitate violence that could destabilise Nigeria, and Washington has even less leverage in Abuja than it did in 2011.

In his recommendations to the U.S government, he advised the Obama administration not to comment prematurely on the quality of the elections. Observers from the National Democratic Institute and the International Republic Institute are likely to issue preliminary assessments immediately after the polls close. So, too, will observers from the European Union, the Commonwealth, and the African Union. There will be media pressure for early, official comment. But, following a close election and the violence likely to follow, the timing and content of official U.S. statements should take into account the views of the vibrant Nigerian human rights community, which will likely be the most accurate.

The U.S Secretary of State in the wake of the elections postponement issued a statement declaring that the shift was unacceptable, a statement that has been rejected by some Nigerians as hypocritical.

Campbell further asked the U.S government to facilitate and support humanitarian assistance. The north is already in desperate need of humanitarian assistance, with the prospect of famine looming. If the postelection period is violent, there may be need for international humanitarian assistance in

many other parts of the country.

Campbell has been generally regarded a critic of the Jonathan administration, an ally of APC leader and former Vice President Atiku Abubakar.

- See more at: http://www.ngrguardiannews.com/lead-story/198289-jonathan-obasanjo-feud-gets-messier#sthash.wKUezrEA.dpuf

…APC Candidate may have fallen into wrong hands – Northern CAN

SAN FRANCISCO, February 15, (THEWILL) – The National Christian Elders Forum on Sunday dissociated itself from the purported endorsement of the presidential candidate of All Progressives Congress in the forthcoming elections, General Muhammadu Buhari (rtd), by a group describing them as “unaccredited and unrecognised.”

The Secretary of NCEF and delegate to 2014 national conference, Pastor ‘Bosun Emmanuel, in a statement issued in Abuja on behalf of its chairman, Mr. Solomon Asemota (SAN), advised Christians “to resist the temptation of putting personal interests above the interests of the Lord Jesus Christ, because such compromise has terrible eternal consequences.”

Buhari was said to have been endorsed for the March 28 general election by Northern Christian Leaders Eagle-Eye Forum led by one Pastor Aminchi Habu and was also offered a copy of the Holy Bible.

As the endorsement was going on, information came to the venue, International Conference Centre (ICC) that some people have staged a walk-out because they were not told of their mission.

But NCEF called on politicians “to put the interest of the nation first in all forms of electioneering campaign and desist from acts that could be interpreted to imply desperate manipulation of the electorate for political power.”

The statement reads: “It has come to the notice of the that an unaccredited group claiming Northern Christians Leaders Eagle Eye-Forum, purportedly on Thursday February 12, 2015, in Abuja, adopted the presidential candidate of All Progressives Congress in the forthcoming elections, General Muhammadu Buhari (rtd).

“The National Christian Elders Forum wishes to state clearly that the only Northern Elders Forum accredited and recognised by the Christian Association of Nigeria is the Northern States Christian Elders Forum (NOSCEF).

“The Elders Forum hereby declares that neither CAN, NOSCEF nor the NCEF at any time supported or approved of the action of this unaccredited group. The National Christian Elders Forum wishes to admonish Christian leaders in Nigeria to resist the temptation of putting personal interests above the interests of the Lord Jesus Christ, because such compromise has terrible eternal consequences.

“The Elders Forum also advises politicians to put the interest of the nation first in all forms of electioneering campaign and desist from acts that could be interpreted to imply desperate manipulation of the electorate for political power.”

Also reacting to the endorsement, the Public Relations Officer of CAN (19 Northern States and Abuja), Mr. Sunny Oibe, said Buhari may have fallen into wrong hands because that group was not known.

He said, “There is no group like that which exists in Northern Nigeria because I am a Northerner and a Christian. I want Buhari to note that those people are impostors. The church in the North is led by ArchBishop Peter Jatto. We have not and cannot endorse Buhari because he has not told us that he is sorry for his alleged involvement in the post-election violence of 2011.

“When you are desperate, you can fall into the hands of wrong people. Buhari may have fallen into wrong hands. They are not Pastors and they are not known in the North. Ask him (Aminchi Habu) the church he attends in which he claims to be a Pastor.”

http://thewillnigeria.com/news/2015-presidency-we-didnt-endorse-buhari-christian-elders/

First GEJ presidency is 4 years and 11 months not 6 years as you early said and I just read Business-Day piece on APC manifesto and they concluded that APC is full of nonsense. They economic policy is not adding up. It is the economy, that will creates jobs but once the figure is not adding up like the APC, we are in a deep hell. I need the APC to tell us how they will fund they economic policy i.e. will they raise tax or how? The Niger delta militants will soon start they wahala again and if that happens how will APC fund the economy. I need to know these and please don't tell me craps.