Saturday, 8 April 2017


The naira slid to 405 against the United States dollar on the parallel market on Friday amid tight supply of the greenback.
Image result for dollar-naira exchange
This was despite a series of currency forwards sold by the Central Bank of Nigeria this week aimed at clearing demand for the US currency on the official market, traders said.

The local unit had dropped to 397/dollar on Thursday, after hovering between 390 and 395 earlier in the week.

Following series of CBN interventions in the interbank market and fresh dollar injections for invisible transactions, the naira had appreciated to 375/dollar.

Analysts have reacted to the latest rebound of the dollar, saying speculators might be responsible for the loss recorded by the naira.

“The Nigerian economy is an import-dependent one. It is a question of demand and supply and the issue here has to do with liquidity. However, we cannot rule out the activities of speculators in this regard,” a currency expert at Ecobank Nigeria, Mr. Kunle Ezun, said.

The CBN had on Thursday offered $100m in currency forwards to be settled within 60 days.

The central bank has been selling dollars to try to narrow the spread between the naira’s official and black market exchange rates.

On Wednesday, the CBN intervened in the Bureau de Change segment of the market, selling $10,000 to operators aside the $10,000 it sold to them on Tuesday.

The central bank had also on Monday injected $240m into the foreign exchange market.

Specifically, it released the sum of $90m to meet requests for invisibles such as business travel and personal travel allowances, medical and school fees, while the sum of $150m was also made available to authorised dealers in the interbank wholesale auction window on the same day.

Economic and financial analysts said the spate of interventions and dollar supply by the central bank would determine the direction of the naira in the coming weeks.

The naira closed at 306.2 to the dollar at the interbank market on Thursday, same level it closed the previous day.

source: nairaland

Amazing!, as Mr Eazi RememberedWhen He Tried To Hook Wizkid 7 Years Ago

As Nigerian pop star, Mr Eazi took to his Instagram yesterday to share a screenshot of a chat he had with his manager 7 years ago when he was still into organizing events, asking how much he would need to book Wizkid for a show.

He noted that he never knew he would even be an artist talkless of meeting Wizkid, also noting that 7 years on, Wizkid is still ruling the game. He said:
“#TBT my manager @mistameister & i ( As promoters ) Trying to book WizKid 7 years ago! We never knew that ild be an Artist, talk less of Working with Wiz!! Another thing to Note is that 7 years Down & Wizkid is still KINGING!!(GOALS) Keep on moving my people & pursuing ur dreams! At the end when you look back, the dots will connect!!

Friday, 11 November 2016

Chelsea 'PUNISHING' Mikel over Olympics - Nigeria coach

promisecrib Mikel Obi
Chelsea Mikel Obi
  • Nigeria coach Gernot Rohr claims Mikel Obi is being "punished" by Premier League club Chelsea for playing at the Rio Olympics.
  • Mikel, 29, missed most of Chelsea pre-season as he helped his country win a bronze medal at the football event of the Summer Olympic Games.
  • He has yet to play for his London club this season even after he rejoined them in August.

Nigeria coach Gernot Rohr claims Mikel Obi is being "punished" by Premier League club Chelsea for playing at the Rio Olympics.
Mikel, 29, missed most of Chelsea pre-season as he helped his country win a bronze medal at the football event of the Summer Olympic Games.
He has yet to play for his London club this season even after he rejoined them in August.
Rohr was recently on a working visit to England and met with Chelsea officials.
"There is a reason why Mikel is not playing for Chelsea right now and that reason is because he played for Nigeria at the Olympics," Rohr said.
"I cannot punish a player who loves his country and shows that he loves the green jersey.
"I spoke about this with Mikel and the club's technical director (Michael Emenalo). Mikel is training very well and he plays games in training with the big players at Chelsea."
Despite his lack of games for Chelsea, Rohr said Mikel will start a decisive World Cup qualifier against Algeria in the southern Nigeria town of Uyo on Saturday.
"He is here with us and he is fit and I hope he can play for 90 minutes against Algeria but if it is not possible, we shall see," said Rohr.
"He is an influential player and I expect him to motivate others from the opening minute, but what I cannot tell you is if he has the strength to play full time."

Victor Moses has promised to deliver for Nigeria against Algeria this Saturday

promise crib
Victor M.
Victor Moses got into a bit of hot water back in his home country during the last international break, when a supposed injury kept him out of the national team squad but not out of any Chelsea matches before or after the international break.  There were even some reports that the Nigerian Football Federation would go after the player with a formal accusation of skipping out on international duty (which apparently could be punished by a ban from club football), but that seemed like a whole lot of nonsense at the time and, sure enough, nothing ever came of it.
Regardless, the 25-year-old is back in with the Super Eagles this time around and looking to continue his stellar form — even though he's unlikely to be playing in the some position as he has been lately at Chelsea.
"I can't say I'm not happy playing as a wing-back, I'm the type who gives his all to his team regardless of where I'm playing from. I'm a forward minded player but I don't mind playing anywhere to help my team."
"Club side and national team are not the same. I can't say where the manager will play me but I'm ready to give my best in any role."
-Victor Moses; source: Omojuwa
Moses has been a revelation at wing-back and he's spoken repeatedly about enjoying the new role, but of course he's experienced plenty of success both at Chelsea and at the national team level while playing as a winger.  Nigeria will need him to be at his best as they take on fellow powerhouse Algeria in World Cup qualifying on Saturday.  The Super Eagles are off to a good start in the final round of qualifiers, winning 2-1 in Zambia in October, while Algeria and Cameroon both dropped points as they drew 1-1.  Only the winner of the four-nation group advances to Russia 2018.

source: weaintgotnohistory

What Trump Win Holds for Nigeria's Economy - Experts

donald trump promisecrib

Experts are reacting to what a Trump presidency holds on the Nigerian economy.
Rislanudeen Muhammad, the former acting managing director/CEO, Unity Bank and CEO, Safmur Investments Limited said the, "United States is the biggest trading partner and most important diplomatic partner to Nigeria. That friendship was clearly demonstrated by the US on the eve Nigeria's election last year when most pundits thought we were going to disintegrate. We surely need to consolidate on that during the presidency of Donald Trump and beyond.
"The US has the largest economy in the world with Gross Domestic Product of USD17.95 trillion as at 2015 or 28.95% of global nominal GDP and second largest according to purchasing power parity."\
  According to him, the "United States is the largest foreign investor in Nigeria with foreign direct investment on petroleum/mining and whole/trade sectors. The United States' exports include wheat, vehicles, machinery etc. while imports include cocoa and rubber among others," he said.
He noted that "there is already a subsisting trade and investment framework for mutual benefit of both countries.
"The US/Nigeria national commission primarily focuses on high level discussions on critical areas like good governance, transparency and integrity, energy, investment, regional security, Niger Delta, agriculture and food security among others," he added.
But Mr. Basil Jev, a Canada-based economic expert said "we should not expect anything different from the way Nigeria fared under Obama or any of the past US presidents, or any other leader of the developed world.
"We are not that helpless! No force on earth can aid or stop us towards becoming a 'thinking nation', where we sincerely thinking through what is best for the common good, the best strategy, and with all honesty and commitment, go out and execute," he said.
He noted that "looking at the bigger picture, GOP or Democrats are flip sides of the same coin. In the end, the forces that shape the country called USA remain unchanged. Their prime focus will remain world dominance and economic subjugation of most nations while focusing on access to critical resources. And damn you if you stand in their way."
He noted that "Trump's victory speech already indicates nothing much is going to change, especially for developing nations like Nigeria. We can make predictions and be hopeful, but like the election results have shown us in recent times across the world, we could be far off!"
Mr. David Unongo, a public affairs commentator based in Abuja said the first concern here is security coordination. Donald Trump is an isolationist and has said he will pull the United States out of NATO. If NATO is in his crosshairs, what is the future of the current US-Nigeria military security arrangement and what is the future of tens of millions of dollars the US has earmarked for the North-east? You do not have a country with resources the US has, nor the counter-terrorism experience to help us drive Boko Haram into extinction. This is going to be a major challenge for Buhari's foreign policy team," he noted.
"Second, where Obama made US the world's largest producer of oil, Trump will go hyper-overdrive on oil production, especially since he now has the house and the senate. Our strategy of trying to encourage OPEC to constrain supply in order to raise prices will become increasingly futile.
"Also, with the role that the US plays in funding the IMF and the World Bank, if Nigeria is hinging her development on obtaining a loan from these organisations, we should expect not to be successful. At the very best, we should expect the loan to come with such onerous conditions as to make any responsible leadership think deeply about the consequences and implications of accepting a loan," he noted.
"Third, when you consider that Trump road into power vowing to rip international trade agreements that his support base feels are responsible for their negative economic outcomes, even though Nigeria has assiduously refused to leverage AGOA as a wealth creation vehicle when Donald Trump finds out what AGOA is, he is likely to kill it. This will remove the most favourable bilateral agreement with the largest market in the world," he said.

source:  all africa

DSS raids BDC, arrested dealers for selling dollar above N400.

Since 'Bureau-de-Change' operators have been forced to fix sales of foreign currencies such as dollar, pounds and euros for fear of sanctions by anti-graft agencies and the Central Bank of Nigeria.
For the past three days, naira has been changing for N400 to a dollar at the parallel market.
A licensed BDC operator in Abuja, Alhaji Yusuf Rabiu, said the recent raid of bureau de change establishments by the Economic and Financial Crime Commission forced the operators to reach such an agreement.
Also, it was agreed that Pound sterling would exchange for N540 and Euros for N500.
dollar and naira exchange promisecrib
Usually, the rate of Forex at the BDC segment is based on demand and supply. When demand is higher than supply, each operator uses his discretion to hike the price. To regulate the segment, CBN recently issued a policy that allowed each BDC to buy dollars from Travelex at N381 per dollar and sell to end users at a maximum of N400 per dollar.
On Wednesday, the Department of State Services (DSS) raided the offices of some BDC in Lagos and arrested operators selling above the stipulated exchange rate.
The DSS operatives posed as end-users who came to purchase dollars from the BDCs. After surveying the market for exchange rate offerings, they arrested some BDC operators who sold above the CBN agreed rates.
“On Monday, EFCC called so many licensed BDC operators. The issue is that they feel we are unnecessarily hiking the rates. But it’s not our fault.
“Right now, their focus is on our business; they have been calling us one by one and we don’t want problem. That is why we have agreed to have a fixed rate for now,” he said,
“After the raid in Lagos, we the Abuja operators met and agreed on a fixed rate so that such will not happen to our members.
Another operator, who preferred anonymity, said the market was slow as people who had dollars were not ready to sell at the existing rate.
He said personally, he had temporarily closed shop to potential customers until he studied the market for the next couple of weeks to determine if the new policy would come to stay.

source: newsnow

Monday, 17 October 2016

I dont know which party my wife belongs to-PRESIDENT BUHARI says.

LIVE @ an attended meeting, which involved Buhari, the president if Nigeria. A Question was thrown to his replies and guess what ge had in return as his own reply.
We cant tell , If he was joking or not.
The video below is real. No edit or animation

Friday, 14 October 2016

Slipping in Polls, Donald Trump Warns of ‘Stolen Election’

Donald J. Trump has lashed out at fellow Republicans, calling them “disloyal” and “far more difficult” than Hillary Clinton.
He has griped openly about a “rigged” political system, saying Wednesday that he has “no respect” for the nonpartisan Commission on Presidential Debates, and previously complaining about a “defective” microphone in the first debate.
And on Monday, at a rally in Wilkes-Barre, Pa., he worried that the election could be “stolen” from him and singled out Philadelphia, a city with a large African-American population, warning, “We have to make sure we’re protected.”
Mr. Trump’s ominous claims of a “stolen election” — which he often links to black, urban neighborhoods — are not entirely new. But in recent days, he has been pressing the theme with a fresh intensity, citing everything from the potential for Election Day fraud to news media bias favoring Mrs. Clinton to rigged debates.
Continue reading the main story
The assertions — which coincide with Mr. Trump’s decline in the polls after a shaky performance in the first debate and accusations that he forced himself on women — highlight concerns that he may not accept a Clinton victory, breaking from the traditional decorum of defeated presidential candidates and undermining the legitimacy of the election result.
At rallies in recent days, Mr. Trump has become a candidate full of excuses, perhaps the clearest manifestation of his frustration with his current standing in the polls and the growing alarm in his campaign that a White House victory is slipping away.
On Monday, on a trip through Pennsylvania, Mr. Trump began the day urging the almost entirely white crowd outside Pittsburgh to show up to vote, warning about “other communities” that could hijack his victory.

“So important that you watch other communities, because we don’t want this election stolen from us,” he said. “We do not want this election stolen.”
Later, at the evening rally in Wilkes-Barre, Mr. Trump raised more concerns about voting fraud. “I just hear such reports about Philadelphia,” he said. “I hear these horror shows, and we have to make sure that this election is not stolen from us and is not taken away from us.”
He added for emphasis: “Everybody knows what I’m talking about.”
The crowd chanted an anti-CNN epithet as Mr. Trump attacked the “crooked media.”
At a rally in West Palm Beach, Fla., on Thursday, Mr. Trump said that, “This election will determine whether we remain a free nation or only the illusion of democracy,” suggesting that the system was “in fact controlled by a small handful of global special interests, rigging the system.” He continued, “And our system is rigged.”
The country has not had a presidential candidate from one of the two major parties try to cast doubt on the entire democratic process and system of government since the brink of the Civil War, said Douglas Brinkley, a presidential historian at Rice University.
“I haven’t seen it since 1860, this threat of delegitimizing the federal government, and Trump is trying to say our entire government is corrupt and the whole system is rigged,” Mr. Brinkley said. “And that’s a secessionist, revolutionary motif. That’s someone trying to topple the apple cart entirely.”

Roger J. Stone Jr., a close confidant and informal adviser to Mr. Trump, has also highlighted fears of election rigging. In an August column in The Hill, he wrote of voting machine manipulation. And during a panel Saturday at this year’s New Yorker Festival, as he discussed the possibility of such tampering, Mr. Stone hedged when asked whether he would advise Mr. Trump — should he lose in November — to concede the election and accept its legitimacy.
“As long as there is no irrefutable evidence of fraud, yes,” he told his questioner. “He should — unless there is any refutable evidence to the contrary.”
Mr. Stone is one of the people behind Stop The Steal, a movement of 500 volunteers who plan to stand outside what they believe could be “suspect precincts” on Election Day and conduct their own exit polls to compare against voting machine results.
“In an election in which Donald Trump has made it pretty clear that the Clintons are going to prison, I think they would do anything to make sure they win it, even steal it,” Mr. Stone said. But, he added, “Trump cannot just lose and say, ‘They stole it.’ He has to have some tangible evidence — and that’s exactly what we’re trying to collect.”
Democrats fear that Mr. Trump’s accusations, in the short term, will lead to voter suppression — and, in the long term, could encourage huge swaths of Americans to view Mrs. Clinton as an illegitimate president if she is elected.
“He’s using phrases like ‘rigged election’ to incite his followers to rig the election by using tactics like voter intimidation, and I don’t think it’s particularly subtle, and I don’t think he cares about the integrity of our elections,” said Stacey Abrams, the Democratic minority leader of the Georgia House of Representatives.
Ms. Abrams, who is African-American and has worked on voting-rights issues, is also the founder of the New Georgia Project, a voter registration and engagement effort in the state. She said Mr. Trump was employing a “voter intimidation model.”
“Just scare them away from the polling place,” she said. “That’s his crude form of voter suppression — not particularly artful, but effective.”

Latest Election Polls 2016

The Clinton campaign is stressing to supporters that they expect voter participation to be higher and easier than in previous elections — but it has also begun recruiting election lawyers to help with voter protection efforts.
“We are prepared for anything in terms of how he chooses to conduct himself in the closing weeks of this campaign, and that includes what is increasingly looking like a scorched-earth approach,” said Brian Fallon, a spokesman for the Clinton campaign. “He is clearly trying to lay a foundation for challenging the legitimacy of the potential next president, just as he sought to do with the nation’s first African-American president.”
With less than a month until the election, Mr. Trump’s grievances has come fast and furious as he has begun to slip again in the polls.
On Thursday, Mr. Trump also asserted, without offering evidence, that the Obama administration was allowing illegal immigrants to enter the country to vote in November, another example of how he claimed the election was being rigged. “They’re letting people pour into the country so they can go and vote,” Mr. Trump said at a meeting in New York with the National Border Patrol Council, the union of border patrol agents.
There has been no evidence that the administration is delaying deportations of — or intentionally letting in — immigrants so they can vote. (Illegal immigrants are barred from voting in federal elections.)
Mr. Trump’s claims seem to be resonating among his supporters. At a campaign stop in Iowa on Tuesday, a woman stood up and, her voice quavering, said she feared “voter fraud” before offering a stark call to action to Gov. Mike Pence of Indiana, Mr. Trump’s running mate.
“If Hillary Clinton gets in, I myself, I’m ready for a revolution because we can’t have her in,” the woman said.
Mr. Pence has emerged as Mr. Trump’s most loyal defender. But the call to revolt was a step too far for him. “Yeah, don’t say that,” he said, shaking his right hand as if to try to brush away her comment.
He then tried for a more positive spin: “There’s a revolution coming on November the 8th,” he said. “I promise you.”
Correction: October 13, 2016
An earlier version of this article incorrectly referred to the day of the week that Donald J. Trump had a rally in West Palm Beach. It was Thursday, not Friday.

John Podesta Twitter account HACKED!

The Twitter account belonging to John Podesta, the chairman of Hillary Clinton's presidential campaign, appears to have been briefly hijacked Wednesday afternoon.
John Podesta: PROMISECRIB'
John Podesta

A now-deleted tweet posted to the account announced that Podesta had switched allegiance and encouraged his followers to vote instead for Donald Trump, Clinton's Republican rival in the US election. The tweet was quickly deleted but not before it was retweeted 195 times.
It wasn't clear who was behind the apparent hack. Representatives for the Clinton campaign did not immediately respond to a request for more information on the matter.
Podesta was a frequent figure in headlines last weekend after controversial website WikiLeaks published what appeared to be emails from a private account belonging to Podesta. The emails, which have not been confirmed as authentic, contain what seem to be excerpts from paid speeches Clinton gave to Goldman Sachs and other Wall Street firms.

Source: Cnet

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