I feel sorry for the future of Nigeria. A man qualifies Nigeria the second time for the World Cup and all he gets is abuse.

There should be some stats to show good play from the SEs; OPTA, shots on goals, corners, ball possesion, something. Somehow this performance was rated as good despite only one serious on-target attempt on goal and at least four heart-stopping saves from SuperVince. What exactly was good about the Eagles play in that match? Defence? Passing? The colorful Boots? Italy sometimes plays colorless football but they win and their ball posession, distance covered by players or certain key stats prove why they won beside feelings. That Ordiah and Etuhu allegedly had the highest OPTA ratings tell me might be very wrong no matter what I feel

@Sagamite
Let's not be mesmerized by club performances, after Messi who else on the Argentinian squad would you list as a potential member of your 2010 World Cup 22?

Argentina is a paper Tiger, a handful of great club strikers, a questionable midfield, and an off and on defence. Past the hype of commentators there is nothing that separates it from Nigeria. As the tournament goes on they will be exposed. While not a fan of Seyi Olofinjana, this was the type of game the big man would have made an impact. As for the Playstation analysts who keep asking why Shittu, Yakubu, and Keita are in the squad it has not dawned on them that this is international  football. This is the biggest and most physical Argentinian team ever, from a country teeming with short players coached by a smaller creative player. Even Maradona knows what it takes to win in international football.

The so-called adjustments by Lagerback are in the imaginations of some. At the end of the day he went with the only logical option open to a team laden with strikers and bereft of creative midfielders, 4-3-3.

The reality of this match was that the only two really world class performances were from Enyeama and Messi. The other 20 players came for tourism and jersey exchanges. Minus those two there is absolutely nothing to talk about concerning this match.

People are here talking about electricity, what a joke! Every single functioning power plant outside of Kainji as well as the Port Harcourt, Warri(New section) and Kaduna refinery were all contracted under Obasanjo's 1st regime. All the new but non-functional gas turbines are also under Obasanjo's watch. As bad as he is, without him we would be in complete darkness(as opposed to 80% darkness) and importing 100% of our fuel.

The average oil export income per year from 2007-2010 is higher than from 1999-2007, those who disagree please feel free to try and disprove this, with math and numbers of course. Your benefits from 2007-2010: mass sackings, increased foreign debts,rule of law.

Nigeria Central Bank outlines next phase of bank reform
By Nick Tattersall and Chijioke Ohuocha



February 11, 2010 02:20PM
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Nigeria's central bank plans to vary capital requirements for different categories of bank and may regulate proprietary trading in a bid to avoid a repeat of last year's banking crisis.

In a speech outlining the next stage of Nigeria's banking reforms, Central Bank Governor Lamido Sanusi on Thursday questioned the universal banking model and said an obsession with rapid growth without the right frameworks to manage risk had been at the heart of last year's problems.

He voiced confidence that the reforms would continue after Vice President Goodluck Jonathan took over as acting president this week and dismissed rumours a committee had been set up to review the central bank's powers.

"The question we are asking ourselves is must every bank compete in the same space, must every bank be an international bank. Can we not have regional banks, can we not have specialised banks," Sanusi told a banking conference in Lagos.

"What we are doing now is categorising banks and we will come out with different capital requirements for the banks."

The move could change the landscape of Nigerian banking, until now characterised by swollen institutions concerned primarily with outstripping their rivals' asset growth at the expense of creating loans and growing their business.
Sanusi said regulatory shortfalls, including at the central bank, had allowed liquidity to flow into capital markets at the expense of the real economy in the run-up to last year's crisis.

"Do we not need to look again at the universal banking model?" Sanusi asked the conference.
"Should banks use depositors' funds for their own proprietary trading, should they risk depositors' funds for private equity, should they use depositor's funds for venture capital or should they risk their own funds?" he added.

"Hybrid" policy


Sanusi said the central bank would pursue a "hybrid" monetary policy with the twin aims of targeting single-digit inflation -- at 12 percent in December -- as well as seeking to avoid a repeat of the sort of asset bubble which led to last year's crisis.
Part of that financial stability would be achieved through tighter regulation of risk management in the banking sector but also by stabilising government revenues, which are largely dependent on oil.

Sanusi said the central bank was working with the finance ministry on developing the use of market instruments to hedge against oil price volatility.
Sanusi's bailout last year of nine institutions found to be so weakly capitalised that they posed a systemic risk sent a shockwave through sub-Saharan Africa's second biggest economy.

He said the central bank had received expressions of interest for all of the banks rescued in last year's bailout, including three or four from foreign investors.

Legislation would be passed in coming weeks to create an asset management company to recover bad bank loans, Sanusi said. He said the company would need 1 trillion naira to buy up all the bad loans in the system, adding around 0.2 percent to the budget deficit, and would recover around half that amount.
Soaking up bad loans in the rescued banks is key to making the banks attractive to the new investors the central bank is seeking to recapitalise them.

Sanusi also said he was awaiting presidential approval for tax relief aimed at helping the development of the fledgling corporate bond market, which will enable banks to raise cheaper long-term funds and engage in longer-term lending.

-REUTERS

http://234next.com/csp/cms/sites/Next/Home/5525500-146/nigeria_central_bank_outlines_next_phase.csp

The CBN cannot find investors for established banks including Unity Bank with 19 captive state governments. Verifiable financiers are yet to be found for the NNPC, the much touted and government-backed agricultural fund, and course NITEL.  Somehow genuine operators will line up for licences because that is what is being done in America. We are still waiting for the investors lined up to take over distressed Nigerian banks as touted by many press releases.
When we had fragmented licenses what was the effect on the economy? How many loans did they grant? How many workers did they employ? What was their effect on major Nigerian businesses? This is simply returning to the status quo ante of the 80's and 90's with failed banks galore with insufficient capital bases to get into major deals in oil & gas, telecoms and major construction financing. If all those banks did was finance importers and forex round-tripping in the 90's, where is the proof they will be different now under another name?

Despite our protests we deserve the government we get.

It is a sad day when comments from Nigerians cannot be differentiated from those of Ghanaian fans. When Nigeria beat Ghana to qualify for the WC in 2002, and again in the 2004 and 2006 ANC, Ghanaians still reserved their brickbats for Nigeria and their team, not themselves.

All over the Internet for the whole world to see and laugh at, we ALL have a long way to go.

@SemiD4lyfe, well spoken.

You are the first person including sports writers, pundits, Xbox managers and their ilk who has actually gone beyond saying play 4-4-2, or "we have many better players" to propose what should be done.
We are so used to complaining it has become reflexive, very soon we will start complaining about the color of the sky and why water makes you wet.

To add to your earlier post, Mali in the 2002 ANC gave us a torrid time in the midfield. Where are those "unknown" Malians today? Senegal gave us a tough time starting with the 2000 ANC, we all know the heights Senegalese football reached after that. In 2006 Angola pipped us to reach the WC. The "experts"  whose every word is repeated by the mentally lazy, said it was a fluke. We now know it was not, the work done by the Angolan Football Academy and Luis Goncalves is now bearing fruit. Names do not make a team, the English National team plays for Man U, Arsenal, Chelsea, Liverpool, blah, blah, blah, yet they have never won an European Cup. Even Greece and Denmark have won one. Only a blind man cannot Zambia is back on the rise and is a very good team lacking top-flight exposure.

Football Clinic:

Angola Vs. Ghana
Angola had more possession, Ghana won


Algeria Vs. CIV
CIV dominated, Algeria won

Cameroon Vs. Egypt
Over 20 corners for Cameroon, 4 corners do not make a goal

Zambia Vs 10 Nigerians in injury time
Nigeria wins

2006 WC Final
France Vs Italy
Italy wins

1994
Nigeria Vs 10 man Italy
Italy wins

This is not figure skating, style counts for nothing. Our two top strikers are recovering from injury, our original defence was out of form. We have not found a creative midfielder that have adapted to African football. As we have found out with Taiye, Uche has problems against African opponents.

This is a little under the best we can get in the circumstances. Anyone who claims that Ghana and Algeria are playing more attractive Football is not serious.

Men who have done great evil were regular churchgoers. Men who enslaved and brutalized others, torturers, many racists. Not one pim comes out Nigerians about this, but let it be a Nigerian, all hell breaks loose. According to the non sequitur argument we should hold the Pope personally responsible for every molesting priest and churchgoing Nazi.
By the way I am waiting for the Nigerian laity to tell the Pope and the Archbishop of Canterbury to sell their sumptuous accommodation and use the money to "help the masses" to prove their piety.

@chosen04, direct engagement is not always the solution. The Catholic Church never came out and condemned Hitler, but secretly many clergymen and women did what was right and saved many marked for death despite the strained relationship with the Jewish community. If they showed their hand openly they would have not been able to do what they did. What I would like to see is religious figures verifying Tax returns before accepting any donation over N1 million.

by the comments I made above, could actually be writing as a book?

In three sentences you paraphrased 3 Tyra Banks shows in a way both women and men could instantly grasp. That is not an easy task.

Food and pure non-manipulative sex provides an avenue for you to have fellowship with your man. When there is fellowship, there is connection, And connection gives you access to his heart. Only then will your request be met. And I'm not talking about financial request only, but other requests like wanting him to spend more time with you, relying on you, taking you along in his decisions, playing with kids, taking you out, rubbing your back, etc.

This will never be taught in the classroom. It's something you simply observed while growing up if the home is healthy.

This is the sort of stuff people write in books and sell millions of copies of.
The element of deep toasting has been lost.

It is not compulsory. It is also not compulsory for the husband to go to work either.

First of all, how long was Alan Greenspan Chairman of the US Federal Reserve Bank? How long was J Edgar Hoover head of the FBI? All positions cannot be turn by turn to chop. Sometimes competence is paramount.

Secondly Soludo was a major consultant consultant to the UN, all of the Bretton Woods organizations, a visting Professor at several top notch Universities, as well as an author.  The man was making money by using his brain before he became Governor of the Central Bank.

Michelle Obama, First Lady Of the Galaxy, Harvard Law Graduate and trendsetter - Hot Press AKA Hot Comb
Condolleza Rice, Secretary of State - No weave or relaxer

and people are talking of Beyonce in this 2008?

Mscheee, eeeew


If the touareg beggars in Naija start selling their hair, most of the wig wearers would not buy, well guess who sells their hair in India? That's right, BEGGARS!
No wonder many European women laugh at our women behind their back.

Efuah, the answer is simple. If the man loses his job, he ceases to be the head of the household, the woman can become the head of the household and take over all the responsibilities including finances and discipline. Similarly in a two-career household, if the wife loses her job and is "too lazy" to find one, the man can bring in a second wife or divorce the "lazy" wife. That would be fair.

Original poster, if a Wife does not contribute financially to the household, or sits at home and gossips while the maids do all the work, I guess we can call her useless too as she is not contributing anything.

[quote="Seun001"]i guess u don't know that it's the CBN thats been keeping a tight rein on the free falling of the naira.
i can believe what u just posted.total rubbish and u better go and reconfirm your info .[/quote]

The CBN has not been able to sell its Dollars at the Dutch Auction. Common sense should tell you that

1) Supply exceeds demand

2) There is a new source of forex outside the CBN

This does not seem like a free fall of the Naira

I would advise you sue every educational institution you have attended for obtaining by false pretenses(419)

This thread elucidates why Nigerian parents need to stop wasting money sending their children to learn how to get jobs instead of an education and learning to think for themselves.

1) CBN is having a problem selling its dollars. If anything based on demand and supply the value of the dollar would have crashed in Nigeria. Forex in Nigeria is sold in dollars, the banks are not demanding forex from the CBN, that is why the price is crashing. Thanks to western Union, IPO's and foreign investment, getting forex is not a big deal anymore.

2) 90% of government revenue is derived in dollars. For the Naira to remain at par with the dollar the internal economy would ALSO have to keep pace of the mega-trillion, easy credit facilities, mega-consumer spending US economy, just to stay at par. The Nigerian economy cannot be standing absolutely still. Nigeria also imports all major capital goods and a lot of consumer goods. A falling dollar without Nigerian growth would mean increased inflation.

3) Everything used in Nigeria is not imported from the US. If the Nigerian economy was not growing, everything from Beer(made with imported Hops and Malt) to fruit Juice(serviced with foreign machine parts and imported concentrates) would be up since they have to be purchased in more expensive Euros, pounds, or other currencies.

You do not need an Oxford Phd to understand this.