₦airaland Forum

I hope the change criers are enjoying their change.

Nobody can stop you, Wike, the enemies of Rivers state have been defeated.

Who is clueless now?

PDP old guard fully in charge, who is clueless now

This country is in real trouble. The Daura President is playing with fire.

Please go ahead and probe, waiting for EFCC to dial into Rivers state, Kano state, Lagos and Delta. APC alamjiris, Nigeria prisons will be home to 90% of your leaders.

ZuzuMan:
You see why you are a Nausary School dropped out !!! Anyway what do you expect from a Roadside up bringing

Look at the crying bastarddd, have you eaten tonight

lawallawal86:
been too sentimental can cause brain tumor, pls beware of that you are too sentimental

Almajiri, Keep your advise for your Daura President

erico2k2:
Did he remove ban on furniture?

Yes, furniture and textiles

Until una court case finish, nothing is going to happen. Sit in your offices and look through the windows, then count the number of passing okadas.

aniomi please come post your change chanting GIF.

Let's make no mistake about it, Nigeria is in for real turbulent times. The Duara Dullard has returned to his 1980s playbook. It failed in 1983-1985, it will fail again. We live in a world of free flowing capital, he is building checkpoints for capital. Only the Daura President and his almajiri supporters see any good in his madness.

BUhari has started to make the dollar cheaper and Naira a more stronger currency. 1:1 is just days away.


Nigeria tightens controls on foreign exchange

The Nigerian central bank has imposed new foreign exchange controls to try to stem the flow of dollars out of the country.
It means importers will not be able to get hard currency to buy a list of 40 items ranging from rice to cement.
The list includes Indian incense, plastic and rubber products, soap and even private jets.
It has also restricted access to the interbank currency market for the purchase of foreign currency bonds.
In April, the central bank limited the amount that Nigerians could spend on credit cards abroad.
The Nigerian currency, the naira, has plunged because of the fall in the oil price.
The central bank has spent $3.4bn propping it up since it fixed the exchange rate in February and tightened trading rules to curb speculation.
Black market

"We see this policy move as confirmation that foreign exchange supply remains extremely tight. But more worryingly, it suggests that the central bank remains reluctant to devalue the naira," said Yvonne Mhango, sub-Saharan Africa economist at Renaissance Capital.
The central bank has said in the past that devaluing the naira by allowing it to float freely on the currency markets is not an option.
The naira, which was trading at 198.50 to the dollar on the interbank market, was reported to be trading close to 220 on the black market in the commercial capital, Lagos, on Wednesday.
Analysts said the latest measures meant importers would increasingly turn to the black market to buy dollars.
Cobus de Hart of South Africa's NKC Africa Economics said: "The decision to, in effect, introduce additional capital controls does not bode well in relation to investor perception and may also adversely affect domestic business operations and costs."

http://www.bbc.com/news/business-33258942

Let's start chanting change for the Daura President.

The rule of law not the rule of men.

Old story, after this meeting came the kung fu panda moment in the Senate.

owobokiri:
It is a disaster! This man is still stuck in the West Germany-East Germany days. .

Very sad, we are slowing watching a 1980s policy template.

Nigeria tightens controls on foreign exchange

The Nigerian central bank has imposed new foreign exchange controls to try to stem the flow of dollars out of the country.
It means importers will not be able to get hard currency to buy a list of 40 items ranging from rice to cement.
The list includes Indian incense, plastic and rubber products, soap and even private jets.
It has also restricted access to the interbank currency market for the purchase of foreign currency bonds.
In April, the central bank limited the amount that Nigerians could spend on credit cards abroad.
The Nigerian currency, the naira, has plunged because of the fall in the oil price.
The central bank has spent $3.4bn propping it up since it fixed the exchange rate in February and tightened trading rules to curb speculation.
Black market
"We see this policy move as confirmation that foreign exchange supply remains extremely tight. But more worryingly, it suggests that the central bank remains reluctant to devalue the naira," said Yvonne Mhango, sub-Saharan Africa economist at Renaissance Capital.
The central bank has said in the past that devaluing the naira by allowing it to float freely on the currency markets is not an option.
The naira, which was trading at 198.50 to the dollar on the interbank market, was reported to be trading close to 220 on the black market in the commercial capital, Lagos, on Wednesday.
Analysts said the latest measures meant importers would increasingly turn to the black market to buy dollars.
Cobus de Hart of South Africa's NKC Africa Economics said: "The decision to, in effect, introduce additional capital controls does not bode well in relation to investor perception and may also adversely affect domestic business operations and costs."

http://www.bbc.com/news/business

You are only sending them to the black market. More business for Mallams. End result is the increasing spread between the official and black market rates , making round tripping by banks a more lucrative business. You end up putting more pressure on the Naira

This is the change some were chanting. Yesterday was the lifting of textile and furniture ban.

Nigeria has entered one chance. Waiting for the reversal of the automobile policy.

Tomorrow on Okada heading to bush market.

Saraki is dashing his party members, high blood pressure like sweet.

torkaka:
. . . . . . . . . . .imp, do you even know what Almajiri means? . . . . . . . . . . .stay on track, hit back at Oby

As a senior alamjiri yourself tell Nigerians the meaning, before you start singing sai Daura President.

torkaka:
. . . . . . . wretch, there is no debate . . . . . . . . . .you can't joust with me . . . . . . . . .that CBN act knocked you out, didn't it? . . . . . . . . . . . . .you are better off trekking to Otuoke, you s.illy irritant

Knocked out almajiri style, I said start shouting sai Daura President, that's your only purpose here.

torkaka:

. . . . . . . .sadly, this Almajiri is way above you . . . . . . . .that makes you what? S.cum of the earth?

Alamjiri, You should be shouting sai Daura President, this debate is not for you.

torkaka:
Section 2 sub-section (c) of the CBN Act (2007) states that the Bank shall “maintain external reserves to safeguard the international value of the legal tender”

. . . . . . . goon . . . . .

Almajiri go shout Sai, your Daura President, that's where you are needed

torkaka:
. . . . . . .minion, the CBN is statutory empowered to manage the $30bn

Akobata fulani, manage what?

Look at this woman, Is the CBN the owner of the $30B?

Anikulhapo:
Ur Stupidity And Senility Plus Ur Insanity Are Cheaper Though

Again get some education, don't become another dullard like your almajiri from Daura.

Anikulhapo:
By What And Who? Jonah Had $30bn Yet He Wanted To Borrow To Fight Boko Haram, He Borrowed To Pay Salaries And U Guys Said He Left $30Bn In Our External Reserves, Who Is Fooling Who?

You are fooling yourself, try educating yourself on Nigeria's government finances, its much cheaper than your ignorance.

Time to make some money, call in the cash cow, NNPC for probe. The osun central senator should probe the sales of cocoa for a change.

Anikulhapo:
I Am Sure You Are One Of Those Tanoids That Lambasted And Criticized Buhari When He Said Jonathan Left An Empty Account For Him , Bunch Of Hypocrites

Buhari lied and that has been proven.

ECOTERRORS:
Amaechi is a theif and deserve to be in jail.

Where is ngeneukuenu, come and see your role model being exposed for the criminal that he is

Amaechi was their meal ticket, most of those money ended up with newspaper writers and channels TV. Their hope of free money is now hinging on Peterside.

Amaechi almost turned Rivers state into a joke. But God was against him.