Wednesday, 26 November 2014

CBN Communique No. 98 of the MPC Meeting of 24th and 25th November, 2014.



The MPC’s decision
  1.  Increase the MPR by 100 basis points from 12.00 to 13.00 per cent.
  2.  Increase the CRR on private sector deposits by 500 basis points from 15.00 to 20.00 per cent with immediate effect.
  3.  Move the midpoint of the official window of foreign exchange market from N155/US$ to N168/US$.
  4. Widen the band around the midpoint by 200 basis points from +/- 3 per cent to +/- 5 per cent. 
  5.  Retain public sector CRR at its current level of 75.00 per cent.
  6.  Maintain a symmetric corridor of +/- 200 basis points around the MPR.
  7. Retain the net open foreign exchange trading position at 1.00 per cent.

The full communique is here

Tuesday, 25 November 2014

IS lT WORTH IT?



Is it worth it?

The most important question of aII. Is it worth it?

My efforts, tears, pains etc. Is it really worth it?

Am I just being pushed by my foolishness?

Is it my pride?

Their expectations of me? 

 What they'll think or say if I don't continue?

Is it really worth it?

If it's not worth it, Just Let it go.

Sometimes it's best to let go.

BUT! If it's worth it,

Break Down Every Wall, Put In Every Effort and Get It Done!

This is what I call 'FULFILMENT'

By Ikenna (iqqimagnate)

Chief (Mrs) H.I.D Awolowo is 99 today happy birthday great mama

A very happy 99th birthday to Chief (Mrs) H.I.D Awolowo, celebration of long life.

Monday, 24 November 2014

Whatever you choose to be. | © Fola Daniel Adelesi



Back then in my secondary school (Mayflower School, Ikenne), we sang so many inspiring songs and one of them carries the title of today’s article. Some of us believed those songs so much that we got inspiration from them when we had our down times. Upon hearing the news about Dr. Myles Munroe’s death, I began to think and eventually got myself together to write about some of the things we can take away from his life.

The song says:
‘You can become whatever you choose to be.
No king, no lord, no knave can say us nay
For we believe that man is a potential doctor,
Lawyer or cook or dwarf or giant… whichever
He sets his mind to be… we shall be giants
And therefore we shall work, and work and work and work…
Even if we must work. Work our fingers to the bone… so may it be.

The song perfectly describes the life of this great man who was born into a poor family with at least eleven children. They had nothing yet he rose to become something. Who would have imagined that a poor boy from a small country called Bahamas would be so famous that people all over the world and government leaders will be shocked by his death?

I think he could have held unto the fact that his family was so poor and there was not much he could do about that. I call it a fact because whatever you believe about yourself, even if it is not true, over time will become a fact. He looked beyond the poverty of his family and made something meaningful out of his life.
What about those other people who were born into the same situation as he was. There are so many of them out there who are older than him today. They got better opportunities and still did not see the light in them. They held unto the background that they were born into. They kept talking about how poor their parents were and how they did not get the best connections in life.