BLAST AGAIN! CBN REPRIMANDS BDCS FOR NAIRA'S SLIDE.

The Central Bank of Nigeria (CBN) has again denounced Bureau De Change (BDCs) administrators of being in charge of the naira's travails on the parallel business sector. The allegation was made by the Director of Monetary Policy at the CBN, Mr. Moses Tule, on a Channels Television program.

He affirmed that BDCs were selling so as to put the naira under weight dollars over the required most extreme breaking point of $5,000. By, "BDCs that we have today are not the same as those that were working in the early phases of the sub-sector. Today BDCs now have their very own existence and the Association of Bureau De Change Operators of Nigeria (ABCON) is acting like an exchange union, making requests on the CBN and requesting that the CBN reverse its approach."

He expressed that the pinnacle bank does not have the ability to take care of BDCs' Forex demand in light of the sharp drop in oil costs, calling attention to that the CBN is a director and not a maker of remote trade. "These are to a great degree troublesome times; everyone needs to make gives up," the CBN Director, said.

Comments

FUNCTIONS OF THE HOLY SPIRIT

Function of the Holy Spirit. This list of the 70 Functions of the Holy Spirit come from her research. He leads and directs. (Matthew 4:1; Mark 1:12; Luke 2:27; 4:1; Acts 8:29; Romans 8:14) The Holy Spirit speaks – in, to and through. (Matthew 10:20; Acts 1:16; 2:4; 13:2; 28:25; Hebrews 3:7) He gives power to cast out devils. (Matthew 12:28) He releases power. (Luke 4:14) The Holy Spirit anoints. (Luke 4:18; Acts 10:38) The Holy Spirit “comes upon” or “falls on”. (Matthew 3:16; Mark 1:10; Luke 2:25; 3:22; 4:18; John 1:32,33; Acts 10:44; 11:15) He baptizes and fills. (Matthew 3:11; Mark 1:8; Luke 1:15,41,67; 3:16, 4:1; John 1:33; Acts 1:4-5; 2:4; 4:8,31; 6:3,5; 7:55; 10:47; 11:24; 13:9,52; 1 Corinthians 12:12) He gives new birth. (John 3:5,8) He leads into worship. (John 4:23) He flows like a river from the spirit man. (John 7:38-39) He ministers truth. (John 14:17; 15:26; 16:13) He dwells in people. (John 14:

SETTING A DIRECTION VS PLANNING AND BUDGETING

Since the function of leadership is to produce change, setting the direction of that change is fundamental to leadership. Setting direction is never the same as planning or even long-term planning, although people often confuse the two. Planning is a management process, deductive in nature and designed to produce orderly results, not change. Setting a direction is more inductive. Leaders gather a broad range of data and look for patterns, relationships, and linkages that help explain things. What’s more, the direction-setting aspect of leadership does not produce plans; it creates vision and strategies. These describe a business, technology, or corporate culture in terms of what it should become over the long term and articulate a feasible way of achieving this goal. Most discussions of vision have a tendency to degenerate into the mystical. The implication is that a vision is something mysterious that mere mortals, even talented ones, could never hope to have. But developing

ON BUHARI, NEW YORK TMES WROTE

Four months after seizing power, Nigeria’s military leaders appear to be suffering an erosion of popular support. Last Dec. 31, Maj. Gen. Mohammed Buhari led a group of young officers in a coup against the civilian Government of President Shehu Shagari, saying the takeover was necessary to save Nigeria, Africa’s richest and most populous nation, from economic collapse. The military intervention appeared at the time to enjoy enthusiastic support from a broad range of Nigeria’s population. Many intellectuals argued that the corruption and incompetence of the Shagari administration had made drastic action both necessary and inevitable. Traders, merchants and people in the streets welcomed the soldiers and looked forward to a quick improvement in their standard of living. Growing Disappointment Recently, however, there seems to be growing disappointment with both the military Government’s approach and pace. Since coming to power, this Government has not found a sing

Comrade J.C Njoku's Blog

Search This Blog