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Business / Re: Football (+Other Sports) Betting Season 12 by janco: 10:46am On May 11, 2018
My toss for start

Booking Number:73XDBKV

11/05/2018 10:44:17

Code Date Event Live/Prematch Selection
1427 11/05/2018 19:45Guingamp - MarseilleNormaleOver(1.5)
3114 13/05/2018 19:45Sampdoria - NapoliNormaleOver(1.5)
1665 12/05/2018 14:30Bayern Munich - StuttgartNormale1
3900 12/05/2018 14:30Bayer Leverkusen - HannoverNormale1
3903 12/05/2018 17:30Eibar - Las Palmas UDNormale1
2078 11/05/2018 18:00Orgryte IS - Gefle IFNormale1X
2391 11/05/2018 19:45Ajaccio - Chamois NiortNormale1X
2224 13/05/2018 16:30Rovaniemi - KuopioNormaleOver(1.5)
2418 12/05/2018 08:30Guizhou Zhicheng FC - Shanghai SipgNormaleOver(1.5)
4125 11/05/2018 17:30Cholet - CreteilNormale1
1205 14/05/2018 18:00Brondby - MidtjyllandNormale1X
2617 11/05/2018 19:45FC Viitorul Constanta - CSM Politehnica IasiNormale1
2612 12/05/2018 06:30Metro Stars - Para HillsNormale1
2495 12/05/2018 17:00Breidablik Kopavogur - Keflavik IFNormale1
2434 12/05/2018 18:30FC Vereya - CSKA SofiaNormale2
3451 11/05/2018 13:00Ararat Moscow - FC Strogino MoscowNormale1
2028 12/05/2018 10:00Blacktown City FC - Sydney FCNormale1
2730 11/05/2018 16:30Lokomotiv Tashkent - FC BukharaNormale1
9839 12/05/2018 08:00Bayswater City - ECU JoondalupNormale1
3787 11/05/2018 19:45Dundalk FC - Sligo Rovers FCNormale1
1513 11/05/2018 17:00Levadia Tallinn - JK Tallinna KalevNormale1
3970 12/05/2018 12:30Barito Putera - Psis SemarangNormale1
1363 12/05/2018 10:00Western Pride - Brisbane City FCNormale1
2230 12/05/2018 14:00Savedalens IF - KSF Prespa BirlikNormale1
1514 12/05/2018 16:00Videoton FC - Szombathelyi Haladas FCNormale1
5573 12/05/2018 17:00Galatasaray - Malatya Bld SporNormale1
5567 11/05/2018 18:00Antalyaspor - BasaksehirNormaleOver(1.5)
7377 12/05/2018 13:00Bayern Munich II - SV SeligenportenNormale1
2135 12/05/2018 20:00The Strongest - Oriente PetroleroNormale1
2409 11/05/2018 16:00Syzran-2003 - Ural-D YekaterinburgNormale1
2435 11/05/2018 15:00FK Jelgava - Valmiera Fk/BjssNormale1
1226 12/05/2018 15:00Lysekloster - VardenesetNormale1
2216 11/05/2018 18:30Achilles 29 - Excelsior/BarendrechtNormale1
2504 11/05/2018 18:30FC Twente Enschede - Psv/Fc EindhovenNormale1
1202 11/05/2018 11:00CLB BD Thanh Hoa - Binh PhuocNormale1
1479 12/05/2018 16:00FK Buducnost - FK Decic TuziNormale1
1122 12/05/2018 11:00FC St. Pauli II - FC Altona 93Normale1
Stake: ₦ 100.00
Business / Re: Football (+Other Sports) Betting Season 12 by janco: 10:20pm On May 10, 2018
So what are your tips?

its end of english season, lets share ideas that will make us win

If you are sure of home, draw or away or over 1.5 or over 2.5 , please quote and share

Sat, 15:00 Motherwell vs Hamilton
Sat, 15:00 St Johnstone vs Ross County
Sat, 17:30 Alaves vs Ath Bilbao
Sat, 17:30 Eibar vs Las Palmas
Sat, 17:30 Getafe vs Atl Madrid
Sat, 17:30 Deportivo vs Villarreal
Sat, 20:00 Monaco vs St Etienne
Sun, 12:30 Hibernian vs Rangers
Sun, 12:30 Kilmarnock vs Hearts
Sun, 15:00 Swansea vs Stoke
Sun, 15:00 C Palace vs West Brom
Sun, 15:00 West Ham vs Everton
Sun, 17:00 Atalanta vs AC Milan
Sun, 19:45 Roma vs Juventus
Mon, 19:45 Fulham vs Derby
Business / Re: Football (+Other Sports) Betting Season 12 by janco: 6:44pm On May 10, 2018
justwiseass:
Pls let’s compile list of players “not to score” for the weekend.

And possibly another list of possible scorers

Two players burned my 380 odds yesterday>

mmmmh I hope it works tomorrow
[b][/b]
Business / Re: Football (+Other Sports) Betting Season 12 by janco: 12:55am On May 09, 2018
My Game for today,
Please rearrange and play anyway you like,

But if you have better option, please quote and post it here

B955ECSASZPQWW-2157617
Business / Re: Football (+Other Sports) Betting Season 12 by janco: 12:15am On May 09, 2018
Coolpuyol:
B918ECSSSEZWEW-3938778-Today Game

73LDB2K- Tomorrow till Weekend

73LBNNN- Goalscorers Market[b][/b]

You can get your winnings from the remix of all this games

Goodluck and greens to all..

I like the goal scorers market
Business / Re: Football (+Other Sports) Betting Season 12 by janco: 12:09am On May 09, 2018
Imustreturn:
Those that mailed me una no wan reply una mail again?

I go sleep ooo grin

Please replay with your bank details

Replaying with B9ja 2157617

1 Like

Business / Re: Football (+Other Sports) Betting Season 12 by janco: 10:59pm On May 08, 2018
kingsleyvictor:
the moment you start to follow others prediction here, you cannot make it until you stand on your feet and start to do some crazy things before you can make a head way..grin

There is another way, you can look at the games and choose more likely games
eg, someone give you home games and you take a double chance-home
someone gives you over 2.5, and you play over 1.5

etc

This is a safer way
Business / Re: Football (+Other Sports) Betting Season 12 by janco: 10:57pm On May 08, 2018
Olobojay:
Abeg na who dey good at predicting half time draw or full time draw



I just need 5 games

The south African leagues PSL,
the Greece leagues and
France Ligue 2 are most pron to draws

there are some home odds of 3+ that are more sure than draws
Business / Re: Football (+Other Sports) Betting Season 12 by janco: 9:20am On May 08, 2018
I have re-analysed some of the games and arrived at at a safe 14 odds for those that are interested[/b][b]


enjoy
[size=14pt]Booking Number:73KCQHJ[/size][size=14pt][/size]

08/05/2018 09:17:59
Business / Re: Football (+Other Sports) Betting Season 12 by janco: 10:59pm On May 06, 2018
So what happened in the Premier League? shocked -Cska Moscow - Arsenal Tula match?? 06/05/2018 17:00


You are a good punter

I once told somebody if we get 3 odds each from 9 persons, we can hit jackpot

Congrats on other games


prince57:
B95ECEWQCQWRT-810734
Business / Re: Football (+Other Sports) Betting Season 12 by janco: 10:51pm On May 06, 2018
daboski22:
This weekend was terrible 20 tickets out of 21 lost but na me win last last grin

B936ECPQARTCAZ-1211586


I thought this option was blocked on BET9JA

I had selected iwobi etc on arsenal match but did not bother to check

missed....mmmm
Business / Re: Football (+Other Sports) Betting Season 12 by janco: 10:39am On May 06, 2018
Okay 6 ODDS

carefully chosen
BET9JA Booking Number:73BRFVF[b][/b]
06/05/2018 10:36:28


n/B: Folllow betting rules
Business / Re: Football (+Other Sports) Betting Season 12 by janco: 9:41am On May 06, 2018
Nice, just wondering if its better to give people money or fund their betting accounts direct

Say thanks to innocent its nice to see someone with such generousity

The take is now for Nairallanders to collaborate better


Lhimeet:
I just received the later part of the funding from Boss Innobets

I won't be able to commence with the funding till 6PM after church today

Please bear with me.. Happy Sunday Famz
Business / Re: Football (+Other Sports) Betting Season 12 by janco: 1:58am On May 05, 2018
innobets:
.

How can we sleep when we are trying to be in your league

Meanwhile congrats.

If you ask me, I would say put down 5 million in a government treasury and use it to support your plan for next 10 years
Remember to set aside 10% to help people start businesses. you can do this with a single digit loan through any reputable busineess or finance hpuse or go to a coperative that has large membership and lend them 5 million to use to give their workers loan, that way you dont catch the spending fever/

Buy a car you can afford to repair and dont stake more that you normally do
Remember, you cant change a winning team and i do hope to be with you in this money paradise

Good luck

2 Likes

Business / Re: Football (+Other Sports) Betting Season 12 by janco: 1:50am On May 05, 2018
[quote author=Tpappie post=67281796]Something like this... We win together with this option. All the best peeps before they crash this one too[/quote


please what does this mean??
Business / Re: Football (+Other Sports) Betting Season 12 by janco: 12:34am On May 04, 2018
Does any over 2.5 Games for Saturday

It would be nice to share your predictions
Business / Re: Football (+Other Sports) Betting Season 12 by janco: 2:59am On May 01, 2018
alexistaiwo:


Boss..
Leave story...
No how you will be an active participant of this crazy thread and you won't find a reason to drop at least a single post on the thread.

Even if all I can find is just a single comment posted on the thread before last week on a profile.
The owner of the profile has qualified.
You can't be spending your resources chasing girls and arguing politics on the forum and now be dragging punting freebies with my brothers that have dedicated efforts in making the thread a better place.

No extended family members are invited


bet9ja 2157617
Politics / Re: Twenty Young Nigerians Who Helped General Buhari Become President Buhari In 2015 by janco: 1:38pm On Feb 01, 2017
Have you noticed they are all from same background?

4 Likes

Celebrities / Re: Alibaba Gives Sewing Machine To A Fashion Designer At His January 1st Concert by janco: 12:27pm On Jan 05, 2017
Lol ... Seems my friends wife was a model

Nice Mrs
Car Talk / Re: Branded Cars. What Are the Required Documents? by janco: 7:21am On Jan 03, 2017
MOTOR VEHICLE ADMINISTRATION AGENCY (MVAA)
PUBLIC NOTICE
PRODUCTS AND NEW RATES
A NUMBER PLATES
1 Standard Number Plate N12,500.00
2 Out of Service N 40,000.00
3 Articulated Number Plate N 20,000.00
4 Number Plate Renewal N 10,000.00
5 Number Plate Replacement (Standard) N 10,000.00
6 Fancy Number Plate (Motor Cycle) N 30,000.00
7 Motor Dealer Plate (Special) N 30,000.00
8 Fancy[b][/b] Number Plate (Standard) N 80,000.00[b][/b]
9 Motorcycle Plate (Ordinary) N 3,000.00
10 Motor Dealers Plate (Ordinary) N 25,000.00
B COST OF VEHICLE REGISTRATION
1 Weighing & Registration Fee
b. Motor Cycle N 1,250.00
a. Motor Vehicle N 5,000.00
C CHANGE OF OWNERSHIP
b. Motor Cycle N 625.00
a. Motor Vehicle N 2,500.00
D CAPITAL GAIN TAX
b. Motor Cycle N 625.00
a. Motor Vehicle N 625.00
E OTHER CHARGES
b. Police Inspection Fee N 500.00
a. Police CMR N 1,000.00
c. Custom Processing Fee N 500.00
F VEHICLE LICENSE
c. Vehicle BTW 2.0-3.0cc N 2,125.00
b. Vehicle BTW 1.6-2.0cc N 1,875.00
a. Vehicle Below 1.6cc N 2,500.00
d. Vehicle Above 3.0cc N 1,250.00
f. Motorcycle Commercial N 1,250.00
e. Motorcycle Private N 625.00
g. Buses
1 Mini Buses/Pick-Up N 2,500.00
2 Hiace Buses N 3,125.00
3 Costal Buses N 3,250.00
h. Tipper & Lorries N 3,750.00
i. Tankers & Trucks/Luxurious Buses N 6,250.00
j. 16 Tyres Trailer N 8,750.00
l. Vehicle Alert N 200.00
k. Tractors & Bulldozers N 2,500.00
G HACKNEY PERMIT CHARGES
VEHICLE TYPE
1 Taxi Cab N 3,525.00
2 Car Hire Services N 3,725.00
3 Kabukabu N 3,925.00
4 Vehicle with Capacity to Carry 1-21 Passengers N 4,475.00
5 Vehicle with Capacity to Carry more than 21 Passengers
but less than 40 Passengers N 5,475.00
6 Vehicle with Capacity to Carry more than 40 Passengers
but less than 50 Passengers N 6,475.00
7 Vehicle with Capacity to Carry more than 50 Passengers
and above N 8,475.00
8 Commercial Vehicles for Goods Above 3 Tons N 3,725.00
9 Commercial Vehicles 3 Tons N 4,725.00
10 Tankers N 6,475.00
11 Tippers N 6,475.00
12 Trailers N 6,475.00
13 Trucks N 6,225.00
14 Interstate N 3,225.00
15 Staff Bus N 3,425.00
16 Okada N 2,000.00
17 Tricycles N 2,000.00
H DRIVERS LICENSE
a. New License N 6,350.00
b. Renewal N 6,350.00
c. Learners Permit N 50.00
d. Riders Card N 800.00
I REGISTRATION OF MOTOR VEHICLE & SPARE PARTS DEALERS
a. Registration of Motor Vehicle Dealers N 100,000.00
b. Registration of Motor Vehicle Spare Parts Dealers N 50,000.00
c. Registration Form (Motor Vehicles) N 5,000.00

19 Likes 4 Shares

Phones / Re: Whatsapp Amazing New Features For Recalling Your Messages by janco: 7:24am On Dec 29, 2016

1 Like

Phones / Re: Whatsapp May Introduce ‘unsend’ Option To Save You From Embarrasment by janco: 8:11am On Dec 16, 2016
They are just following Telegram -
Politics / Re: Inconclusive Polls: How INEC Broke The Jinx In Edo & Ondo by janco: 9:47am On Dec 03, 2016
When PDP is wining, the result are inconclusive.
That's how it is

4 Likes

Family / Re: My Husband Is Into A Lot Of Things And It Bothers Me! by janco: 10:08am On Dec 01, 2016
asunnu:
Dear Nairalanders, please advise a sister.
My marriage to my husband is just 13months and it's like I don't know him despite we courting for 6years before settling down.

My husband is so desperate (so to say) for money, he is into a lot of things I.e Lotto, MMM, get help, e.t.c that I'm not cool with. He has a well paid job, though I'm a stay home wife. Already told him he should let me know if the burden is too much on him so that I can get a job since he was the one that actually told me to stop work at the initial stage.

Please what's your take on it?

Your husband is doing the right thing to think solutions to have financial freedom.
If he is poor, would you still love him? I am sure you will remind him that his mates are multimillionaires.
So keep a positive attitude and support him. After all he is your husband

4 Likes

Phones / Re: Why NCC Directed Big Telcos To Increase Data Tariffs – official by janco: 11:08am On Nov 30, 2016
PMBNG:


http://www.socialtimesng.com/2016/11/why-ncc-directed-big-telcos-to-increase-data-tariffs-official/
Is it by force that price be hiked for an entrepreneur to break even?
It's gross stupidity for NCC to act in this way.
Phones / Re: Data Rate Increase: A Deliberate Mechanism To Reduce Social Media Influence? by janco: 8:11am On Nov 30, 2016
agabaI23:
I am convinced that the data rate increase ordered by Buhari through NCC is deliberately meant to reduce access to internet for ordinary Nigerians so that the influence of social media on Buhari and his co-travellers will be limited.

By my own estimation, at least 50% of internet users will not be able to subscribe regularly as before and at least 20% may stop subscribing entirely for social media purposes.

If these people are cut of from the internet, they will be starved of authentic info and will not be able to post info as fast as before. They will depend on adulterated information coming from the compromised media houses.

Remember that Lai Mohammed had in different occasions in the past complained about the influence of the social media on the image of Buhari's government. Why are they after the same platform they rode to Aso Rock?

They have introduced the data tax through the back door and we are just watching them....Nigerians sorry ooo

Sorry Nigerians. We warned you but you would not listen.

When the prices get too high, data hackers will strive. And then they will make no money at all
Politics / Re: Osinbajo Launches End Child Marriage In Nigeria Program by janco: 4:23pm On Nov 29, 2016
metronaija:
Vice President, Prof. Osinbajo launches The National Strategy Document To End Child Marriage in Nigeria 2016 - 2021. See photos below

http://www.metronaija.com/2016/11/photos-osinbajo-launches-end-child.html

Why didn't BUHARI launch it himself.. ... Psychophants

11 Likes

Religion / Re: Interpretation Of Tongues Spoken In "Way Maker" By Sinach by janco: 2:23am On Nov 29, 2016
Seun:
Yesterday, I decided to listen to the official video of Sinach's most famous worship song, 'Way Maker':

https://www.youtube.com/watch?v=n4XWfwLHeLM
I'm pleased to say that I enjoyed this video much better than her singing during the Benny Hinn program I reviewed earlier.

However, I have a problem. At 4:32 she spoke some words which I don't understand: "bo shadada vandasanda". After singing some more, at 4:52, she sang these words "o rerererebo shande yama zeke allelu," which I don't understand either. When I asked for the translation, I was told she was speaking in tongues which, fortunately, can be interpreted by those who have the gift of interpretation.

I hereby call upon Nairalanders with the gift of interpretation of tongues to interpret those words for us so we can fully appreciate the song.


It means?:
I listen to Holy spirits voice and I give praise respectfully to this essence
Business / Re: Fg’s Huge Debts Crippling Financial System – CBN by janco: 11:29am On Nov 25, 2016
infonancial:
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday called on the Federal Government to urgently evaluate the level of its domestic indebtedness and develop a framework for settling these debts.

The committee, in a communique issued at the end of its two-day meeting held at the headquarters of
While reiterating that monetary policy alone could not address the current economic crisis, the CBN governor noted that the committee called for an enrichment of fiscal and other sector initiatives and interventions towards resolving the growth challenges in the economy.

He said these interventions were vital in order to promptly revive confidence in the economy.

Emefiele said, “Members stressed the need for a robust and more keenly coordinated macroeconomic policy framework that would restart output growth, stimulate aggregate demand and rein in inflation expectations.

“The MPC urged the Federal Government to urgently assess the extent of its indebtedness to domestic economic agents and develop a framework for securitising the debts in order to settle its outstanding domestic contractual obligations, which cut across all sectors of the economy.

“These accumulated debts have slowed the business activities of economic agents, most of who are indebted to the banking system, thus compromising the integrity of the financial system. It also advised the bank (CBN) to commit to greater surveillance and deployment of early warning systems in managing the banking system.”

The CBN governor said the committee called on security agencies to sustain their checks on the activities of illegal foreign exchange operators in order to bring sanity to that segment of the market.

He said, “The extant foreign exchange regulation outlaws the trafficking of currency on the streets as some unlicensed operators currently do.

“Thus, to evolve an appropriate naira exchange rate that stabilises the foreign exchange market, Bureau De Change operators must strictly observe the terms and conditions of their licences.”

On whether the CBN was supporting jail terms for people hoarding dollars, Emefiele said the apex bank would not support any such move.

He said while the current foreign exchange regulations of the CBN did not in any way support jail term for people who hoard dollars, he was aware that the Nigerian Law Reform Commission was working towards reviewing the regulations.

The apex bank boss, however, added that the CBN would not support any move to prescribe jail terms for people who hoard dollars.

He said, “Let me use this opportunity to reiterate that it is not in our foreign exchange regulations that people should be jailed or their dollars confiscated. But I am aware because just today (Tuesday), I was told that the Nigerian Law Reform Commission is looking at reviewing the exchange regulations, just like it normally will from time to time depending on the exigency of the time.

“We have not been contacted regarding whether or not some of the clauses that are involved are included in the review to be conducted by the Law Reform Commission.

“But I am saying here categorically that if we are contacted, or whenever it becomes an issue for discussion, we will advise against a clause that forbids people from keeping their dollars if they chose to, or a law that says people should be jailed for keeping foreign currencies.”

When asked if the apex bank was concerned about some of the risks facing the banking system owing to the current economic crisis, the CBN governor admitted that while all players in the financial system were facing “tremendous risks,” the central bank would ensure that they would not crystalise to a point where depositors’ funds would be lost.

He said, “As a result of the current challenges being faced by the global economy, all agents in the financial system, such as banks and other players, are facing tremendous risks.

“When there is a slowdown or recession, naturally banks will face certain risks such as non-performing loans rising and different other risks, and this imposes on the regulator a greater challenge to ensure that it strengthens its prudential guidelines to ensure that the banks and particularly depositors are protected.

“Nigerian banks, like other banks in other climes, are facing risks. But those risks are surmountable, and the central bank is doing all its best to ensure those risks don’t crystalise to a point where we will begin to talk about depositors losing their deposits. So for that reason, the rumour about banking sector risks is overtly elevated.”

On whether the apex bank was considering reducing the number of BDC operators so as to better regulate their activities, the governor said the CBN might consider that option at the appropriate time.

He said, “We believe that everybody (BDC) is entitled (to have a licence) once the regulations are set; there is no need to preclude you if you meet the conditions. But of course, naturally, the regulator, which is the CBN, has a right to put in place policies that limit entry. If we want to limit entry, we know what to do.

“I can assure you we will do it anytime we decide to limit entry or even exacerbate exit from the market, and that is something we will look into at the appropriate time.”

On the foreign exchange inflow through the CBN, the governor said the country recorded a decline of $447.5m or 31.85 per cent from $1.4bn in September to $957.37m in October.

He attributed the decrease to lower crude oil and other government revenues in the period under review, lamenting that despite the resumed Joint Venture payments in October, the total outflows also continued to decrease.

Foreign exchange outflows, according to him, dropped significantly by 58.68 per cent from $2.25bn to $1.01bn during the period.

Emefiele said the committee implored the CBN to continue to direct more focus at making foreign exchange available to the agriculture and manufacturing sectors of the economy.

This, according to him, can be achieved by enforcing its policy directing Deposit Money Banks to allocate 60 per cent of the available foreign exchange to these sectors.

On the Monetary Policy Rate, the CBN governor said the committee decided to leave it unchanged at 14 per cent.

He explained that all the 10 members who attended the MPC meeting agreed to maintain the current monetary policy stance.

Apart from the MPR that was retained at 14 per cent, the governor said the committee also voted to retain the Cash Reserves Ratio at 22.5 per cent.

Also retained were the liquidity ratio, which was left at 30 per cent; and the asymmetric window, which was left at +200 and -500 basis points around the MPR.



{PUNCH}

http://www.infonancialhub.com/fgs-huge-debts-crippling-financial-system-cbn/


There are key reasons why we will continue to be poor.
1. We take funds and stack in a non profit yielding account under the term called TSA. This stagnation money does not generate kobo and yet money is used to service the account. How do we expect to get out of debt.

2. We refuse to support manufacturing sector by raising foreign loans at low interest rate for them, and we think the economy will move.

3. as a country, we think that government creates jobs by creating employment in government offices. Whereas policies would have put us in better position. As these jobs would have been private sector driven.

Too many things are wrong with the policy of the nation.. .. If we keep on the path that we are following, then we may grind this nation to a halt.
Business / Re: Fg’s Huge Debts Crippling Financial System – CBN by janco: 11:24am On Nov 25, 2016
infonancial:
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday called on the Federal Government to urgently evaluate the level of its domestic indebtedness and develop a framework for settling these debts.

The committee, in a communique issued at the end of its two-day meeting held at the headquarters of the CBN in Abuja, warned that the huge government indebtedness to economic agents had slowed down business activities.

In the communique, which was read by the CBN Governor, Mr. Godwin Emefiele, the committee noted that the development was not good for the economy as it was compromising the integrity of the financial system.

While reiterating that monetary policy alone could not address the current economic crisis, the CBN governor noted that the committee called for an enrichment of fiscal and other sector initiatives and interventions towards resolving the growth challenges in the economy.

He said these interventions were vital in order to promptly revive confidence in the economy.

Emefiele said, “Members stressed the need for a robust and more keenly coordinated macroeconomic policy framework that would restart output growth, stimulate aggregate demand and rein in inflation expectations.

“The MPC urged the Federal Government to urgently assess the extent of its indebtedness to domestic economic agents and develop a framework for securitising the debts in order to settle its outstanding domestic contractual obligations, which cut across all sectors of the economy.

“These accumulated debts have slowed the business activities of economic agents, most of who are indebted to the banking system, thus compromising the integrity of the financial system. It also advised the bank (CBN) to commit to greater surveillance and deployment of early warning systems in managing the banking system.”

The CBN governor said the committee called on security agencies to sustain their checks on the activities of illegal foreign exchange operators in order to bring sanity to that segment of the market.

He said, “The extant foreign exchange regulation outlaws the trafficking of currency on the streets as some unlicensed operators currently do.

“Thus, to evolve an appropriate naira exchange rate that stabilises the foreign exchange market, Bureau De Change operators must strictly observe the terms and conditions of their licences.”

On whether the CBN was supporting jail terms for people hoarding dollars, Emefiele said the apex bank would not support any such move.

He said while the current foreign exchange regulations of the CBN did not in any way support jail term for people who hoard dollars, he was aware that the Nigerian Law Reform Commission was working towards reviewing the regulations.

The apex bank boss, however, added that the CBN would not support any move to prescribe jail terms for people who hoard dollars.

He said, “Let me use this opportunity to reiterate that it is not in our foreign exchange regulations that people should be jailed or their dollars confiscated. But I am aware because just today (Tuesday), I was told that the Nigerian Law Reform Commission is looking at reviewing the exchange regulations, just like it normally will from time to time depending on the exigency of the time.

“We have not been contacted regarding whether or not some of the clauses that are involved are included in the review to be conducted by the Law Reform Commission.

“But I am saying here categorically that if we are contacted, or whenever it becomes an issue for discussion, we will advise against a clause that forbids people from keeping their dollars if they chose to, or a law that says people should be jailed for keeping foreign currencies.”

When asked if the apex bank was concerned about some of the risks facing the banking system owing to the current economic crisis, the CBN governor admitted that while all players in the financial system were facing “tremendous risks,” the central bank would ensure that they would not crystalise to a point where depositors’ funds would be lost.

He said, “As a result of the current challenges being faced by the global economy, all agents in the financial system, such as banks and other players, are facing tremendous risks.

“When there is a slowdown or recession, naturally banks will face certain risks such as non-performing loans rising and different other risks, and this imposes on the regulator a greater challenge to ensure that it strengthens its prudential guidelines to ensure that the banks and particularly depositors are protected.

“Nigerian banks, like other banks in other climes, are facing risks. But those risks are surmountable, and the central bank is doing all its best to ensure those risks don’t crystalise to a point where we will begin to talk about depositors losing their deposits. So for that reason, the rumour about banking sector risks is overtly elevated.”

On whether the apex bank was considering reducing the number of BDC operators so as to better regulate their activities, the governor said the CBN might consider that option at the appropriate time.

He said, “We believe that everybody (BDC) is entitled (to have a licence) once the regulations are set; there is no need to preclude you if you meet the conditions. But of course, naturally, the regulator, which is the CBN, has a right to put in place policies that limit entry. If we want to limit entry, we know what to do.

“I can assure you we will do it anytime we decide to limit entry or even exacerbate exit from the market, and that is something we will look into at the appropriate time.”

On the foreign exchange inflow through the CBN, the governor said the country recorded a decline of $447.5m or 31.85 per cent from $1.4bn in September to $957.37m in October.

He attributed the decrease to lower crude oil and other government revenues in the period under review, lamenting that despite the resumed Joint Venture payments in October, the total outflows also continued to decrease.

Foreign exchange outflows, according to him, dropped significantly by 58.68 per cent from $2.25bn to $1.01bn during the period.

Emefiele said the committee implored the CBN to continue to direct more focus at making foreign exchange available to the agriculture and manufacturing sectors of the economy.

This, according to him, can be achieved by enforcing its policy directing Deposit Money Banks to allocate 60 per cent of the available foreign exchange to these sectors.

On the Monetary Policy Rate, the CBN governor said the committee decided to leave it unchanged at 14 per cent.

He explained that all the 10 members who attended the MPC meeting agreed to maintain the current monetary policy stance.

Apart from the MPR that was retained at 14 per cent, the governor said the committee also voted to retain the Cash Reserves Ratio at 22.5 per cent.

Also retained were the liquidity ratio, which was left at 30 per cent; and the asymmetric window, which was left at +200 and -500 basis points around the MPR.



{PUNCH}

http://www.infonancialhub.com/fgs-huge-debts-crippling-financial-system-cbn/


There are key reasons why we will continue to be poor.
1. We take funds and stack in a non profit yielding account under the term called TSA. This stagnation money does not generate kobo and yet money is used to service the account. How do we expect to get out of debt.

2. We refuse to support manufacturing sector by raising foreign loans at low interest rate for them, and we think the economy will move.

3. as a country, we think that government creates jobs by creating employment in government offices. Whereas policies would have put us in better position. As these jobs would have been private sector driven.

Too many things are wrong with the policy of the nation.. .. If we keep on the path that we are following, then we may grind this nation to a halt.
Politics / Re: I Will Continue With Jimoh Ibrahim When We Meet Face To Face - Fani-kayode by janco: 11:12am On Nov 25, 2016
Opeedo:

Former Minister of Aviation, Femi Fani-Kayode, says his war of words with businessman, Jimoh Ibrahim, will not end on the internet.


Fani-Kayode has threatened to deal with Ibrahim, when they see “eyeball to eyeball”.

Both men exchanging banter on social media, after the Court of Appeal sacked Ibrahim and reinstated Eyitayo Jegede as the Peoples Democratic Party (PDP).

Fani-Kayode mocked Jimoh for losing his appeal at the Supreme Court, before taking the advice of his followers to end the exchange.
Some of his tweets below:

“I have given Jimoh the pig enough of my time. I will tell him the rest face to face whenever and wherever I see him. I look forward to that.

“Finally I hear that Jimoh the pig just lost his appeal at the Supreme Court and that he has been referred back to the Court of Appeal. Poor little piggy. We better leave him alone. He has far more to worry about now than my tweets. As promised when I see him eyeball to eyeball we shall continue this. That is a date and a promise that I will most certainly keep.

“Out of deferrence to my followers I have decided not to continue to engage Jimoh the pig any further. Thanks for your concern. Shalom.”


SOURCE: https://www./news/2137-h-jimoh-ibrahim-when-we-meet-face-to-face-fani-kayode/

[img]http://www./wp-content/uploads/2016/11/Femi-Fani-Kayode-vs-Jimoh-Ibrahim.jpg[/img]

When people chop belle full dem no get wahala than to continue to quarrel
Politics / Re: Military Bombards Militant Camp In Delta, Many Feared Dead by janco: 11:08am On Nov 25, 2016
Rikidony:
As a Niger Deltan, this is a welcome development. we had a clueless son at the helm of affairs for good six years who did nothing for our people.

I will urge the FG to stop all ongoing dialogue with this terrorist and deal with them decisively, they idio.ts can go on destroying the pipelines after all na our oil na we go suffer am.

bombard those morafuck.ers

lalasticlala

You must be crazy to think of military bombardment as an excellent way of resolving issue.
I am sure if any of yourvrwlatives are affected, you would have cried foul.

It's time tibrealise that non-leathal approach to resolving issues is the best way.
So before you open your mouth and join the militants and the Nigerian army to do wrong, know that penultimately it is the people that always suffer.

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