₦airaland Forum

mars123:
im sorry i don't feel the same way you do. Its not only igbos that don't have a sense of entitlement. Every suffering Nigerian doesn't. Its no surprise that igbo political office holders don't speak in this manner because they have their own share of the national cake.

And Nigerians are not alone in fighting each other. If you were exposed you would know that this world is not a perfect place.

What this country needs my brother is a functional system of government working for ITS PEOPLE. only then too will having your own separate country as igbos be easily realizable.

kingzizzy:
Not possible. Have you seen where properity comes to a people fighting each other?

Nigeria has a unique situation of having the 3 largest ethnic groups in Africa, each of them over 40 million people. It is not possible to have 2 captains of a Ship let alone 3.

Do you know how embarrassed I feel as an Igbo man knowing that Im from a tribe of over 40 million but I dont have my own country? But Gambia that are less than 2 million are a country, sierra Leon is just 6 million but is a country, Togo is just 7 millon but is a country. The population of Gambia, Togo and Sierra Leon is not even up to half of Igbos but Igbos dont have their own country and are stuck in Nigeria answering to a colonial mantra called 'one Nigeria'.

Laughable

hotspec:
Truly, There was a country. Nigeria is finished. Remanded in prison custody for a civil offense, and d no-do-good justice even asked her to pay N50k for.bail, someone who cant pay her house rent. To make d matter worse, d neighbours also want to send d poor kids to Kirikiri wit their mum. Are the couples dt bad in d neighbourhood?
What are Civil Aids groups doing and Social Welfare? Why cant d justice called on d Social Welfare to take custody of d xdren?

izzou:


As long as it's a pastor, Kemi is wrong. That's the nigerian mentality for you

What if Kemi is right? What if Stephanie Otobo is right?

I am a Christian but how our men of God always entangle themselves in scandals,partake in politics, refuse to speak out when it matters most, encourage revellings and react in situations like these makes Christianity a laughing stock today

Am sure Apostle Paul and Peter must be ashamed of the Christianity in this dispensation

jomonic:
What is really so critical in this case that she is detained for that long. But even if she is guilty is this not an opportunity for the self righteous preacher to forgive and forget as an example for his docile flock.

sekundosekundo:
David Ibiyomi that's leading so many of his followers to hell will appear as witness.
A man that has no repentance in his teaching.

greatgod2012:
Let this pastor show this woman mercy now, after all, he preaches forgiveness and mercy!

kingzizzy:
Nigeria is still what Lord Lugard who created it made it to be, a forced union of people. Nigeria has never been one. If we remember, several tribes fought so as not to be included in Nigeria. Ijaws fought Lugard in the Akasa/Nembe battle. Igbos fought Lugard in the Arochukwu and Ekumuku wars. The Sokoto Caliphate also fought.

Sadly, all of them eventually fell to the superior firepower of Lord Lugard.

When Ojukwu tried to breakout with his people, the same guns Lugard used where once more employed to make sure everyone stays together "by force".

Nigeria is all about unity by force.

Singapore1:
Purpose
First, countries use their foreign exchange reserves to keep the value of their currencies at a fixed rate. A good example is China, which pegs the value of its currency, the yuan, to the dollar. When China stockpiles dollars, that raises its value when compared to the yuan.

That makes Chinese exports cheaper than American-made goods, increasing sales.

Those with a floating exchange rate system can still use reserves to keep their value of their currency lower than the dollar, for the same reasons. Even though Japan's currency, the yen, is a floating system, the Central Bank of Japan buys U.S. Treasuries to keep its value lower than the dollar.


Like China, this keeps Japan's exports relatively cheaper, boosting trade and economic growth. For more, see How Foreign Exchange Markets Work.

A third, and critical, function are to maintain liquidity in case of an economic crisis. For example, a flood or volcano might temporarily suspend local exporters' ability to produce goods. That cuts off their supply of foreign currency to pay for imports. In that case, the central bank can exchange its foreign currency for their local currency, allowing them to pay for and receive the imports.

Similarly, foreign investors will get spooked if a country has a war, military coup, or other blow to confidence. They withdraw their deposits from the country's banks, creating a severe shortage in foreign currency. This pushes down the value of the local currency since fewer people want it. That makes imports more expensive, creating inflation.

The central bank can supply foreign currency, to keep markets steady, and buy up the local currency, to support its value and prevent inflation. This reassures foreign investors, who return to the economy. (Source: Haukur C. Benediktsson and Sturla Palsson, "Central Bank Foreign Reserves," Monetary Bulletin, Central Bank of Iceland, 2005)


A fourth reason is to provide confidence and assure foreign investors that the central bank is ready to take action to protect their investments, and prevent a sudden flight to safety and loss of capital for the country. In that way, a strong position in foreign currency reserves can prevent economic crises caused when an event triggers a flight to safety.

Fifth, reserves are always needed to make sure a country will meet its external obligations. These include international payment obligations, including sovereign and commercial debts, financing of imports, and to absorb any unexpected capital movements.

Sixth, some countries use their reserves to fund sectors, such as infrastructure. China, for instance, has used part of its forex reserves for recapitalizing some of its state-owned banks.

Seventh, most central banks want to boost returns without compromising safety. That's why they'll often hold gold and other safe, interest-bearing investments, to diversify their portfolios. (Source: Why Do Countries Keep Foreign Exchange Reserves? The Economic Times, November 22, 2004.)

Guidelines
How much are enough reserves? At a minimum, countries have enough to pay for three to six months of imports. That prevents food shortages, for example.

Another guideline is to have enough to cover the country's debt payments and current account deficits for the next 12 months. In 2015, Greece was not able to do this. It then used its reserves with the IMF to make a debt payment to the European Central Bank. For more, see Greece debt crisis.

By Country
The countries with the largest trade surpluses are the ones with the largest foreign reserves. That's because they wind up stockpiling dollars because they export more than they import. They receive dollars in payment.

Here are the reserves for the top countries with $100 billion or more of reserves as of December 2014:

abbeywasc:
in layman's term, Forex reserve is like money in the bank, the more you got, the better people are comfortable doing business with you. You can get loans because people know you have money to pay(in the right currency) and people know that when they invest in your economy, it will be easy to repatriate their gains home. and off course, your ability to do business on credit expands.

What determines your optimal level depends on how dependent you are on foreign goods and services(oversimplification). if you are self-sufficient, you need zero reserve, if you are totally dependent, you need lots and lots of it.

cktheluckyman:
Happy birthday Tompolo wullnp

BeardedMeat:
What don't you understand? Buhary is a democratic misfit, he is too old, frail, sick and a vegetable! What can such a person do?

Benita27:
She and her bunch of friends are useless set of girls. See how they sell their destinies off because of phones and some change.

Now the man looks like he has HIV, and the same man has slept with you twice. What makes you think you're free?. Ode!.

megareal:
Girls are really losing it. Does she have parents or relatives at all?

How crazy can social media get,

cosmatika:
Hmmm, for the 1st tym Buhari is sending Osibande abroad. Dis goes to show that Bubu is really sick

kinibigdeal:
If we allow the presidency to ridicule the senate, Nigerians are dead. If not for this senate, the executives would have sold us out. If the senate and the presidency agrees often, then we are all dead. There must be check and balance

deantimes:
http://www.socialtimesng.net/2017/03/if-the-senate-insist-on-summoning-me-they-are-foolish-sagay/

Irepib:
Oga u are confused and u are not d solution to Nigeria u are even adding more salt to the injury

Saintp:
He didn't go because the last time he left, Oga Osi started making waves and getting loved by all Nigerians and the cabal feels threatened.

Dem no wan take chances again ooo. Bubu must be around whether good or bad and I think it is better for the country.

emi14:
Waste of money and resources. A sick man leading a sick nation.

Buharimustgo:
Its illiteracy that is. Disturbing Buhari and his followers

capatainrambo:
buhari sef

anyway the comparison is wack
Joe Biden is educated buhari is not soooooo

Jeffboi:
Snow weather mentality and hot sun weather mentality is not the same na

broseme:
A former vice president of USA, Joe Biden, met a dog named after him 'biden' and cheered up with the dog and its owner.


Source: http://www.trezzyhelm.com/2017/03/see-what-ex-usa-vp-joe-biden-did-when.html

seunlayi:
this country is dammed, why that harsh judgement while others are busy looting millions and billions. The boy should not serve more than 3 months in jail and should be given something to start life with after release

pelumi111:
hmmmm wat a useless country yet ppl steal billions ppl commit crime dat is unthinkable yet the maximum jail sentence dey get is 5yrs.....whr re we heading to in this country??

Airtimex:


Nothing will happen to him. God has intervened

mexxmoney:
And Bubu will be like "pellow nanjerians, this gabument is a gabument of transferency and anti kwarupshun"

omohayek:
And they wonder why so many people are skeptical about Buhari's "change" ...

Nigerian politicians really take the masses for idiots. Unfortunately, the many blind supporters of Jonathan and Buhari online - despite the gross ineptitude of both men - is strong evidence that the politicians are justified in their contempt.

Judasjudas:
if its members now ..they'll tell u allow God fight for u .. now ur taking ur case to mortal men to judge for u ..

smH ..

Loyalblak007:
because you know you spent an outrageous amount