Politics › Re: CBN To Pump Fresh $350m Into Forex Market Again by bigtt76(f): 9:58am On Mar 04, 2017 |
@embolden... Wrong assumption. The dollar is universal and cannot expire or lose its value against the local currency. The hoarders would persevere knowing that the battle being fought by CBN depends largely on her forex reserve. How long can CBN maintain this battle before it succumbs? Venezuela is now down to last 10 billion dollars. Nigeria is only $19bn richer  At this rate its only a matter of time before we find ourselves in similar position. CBN should stop the restrictions and let the dollar float on its own. Arik and others have fallen victim yet they're giving emphasis to school fees SMH Ibusho: The Central Bank of Nigeria (CBN) will this weekend, again, pump more dollars into the foreign exchange market in continuation of its strategy to further strengthen the value of the Naira.
A source in the apex bank, said that the CBN has planned the release of an additional $350 million bringing the total to $570 million in this week alone to further crash the value of the Dollar. Already this has generated panic among currency traders who are yet to recover from the losses some of them have suffered in the last two weeks owing to sharp and sudden appreciation of the Naira. Confirming the development, the Acting Director, Corporate communications, Isaac Okorafor, told our correspondent that, with improving reserve levels, the Bank was determined to continuously make forex available to all genuine customers through their banks
The nation’s foreign reserve hit about $29 billion as at Tuesday, last week, a position that has given comfort to the CBN Governor, Mr. Godwin Emefiele, and his team to massively intervene in the forex market. With the current position, those hoarding the hard currencies would have to quickly off-load to reduce their losses. Informed sources speak of the likelihood of a liquidity glut as banks are beginning to send out salespeople to scout for customers to buy the dollar in an effort to avoid losses arising from the expected further appreciation of the naira. It will be recalled that since last Tuesday the CBN has so far supplied a total of $570 million to the market made up of $80 million for Personal Travel Allowance (PTA), Medicals and school fees, $100 million in wholesale forwards, an additional $350 million planned for injection on Friday or Saturday.
Read more at: http://www.vanguardngr.com/2017/03/cbn-pump-350m-forex-market/ |
Celebrities › Re: Lol Lady Storms The Ikeja City Mall,lagos,in An Underpant by bigtt76(f): 9:51am On Mar 04, 2017 |
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Culture › Re: Anambra Man's Corpse Abandoned In Taraba For Not Being Member Of Igbo Union (Pic by bigtt76(f): 8:04pm On Mar 03, 2017 |
Why is he bearing Ghana?  |
Celebrities › Re: Oge Okoye Claims Kenya Moore's Dogs As Hers, Got Called Out (Photos) by bigtt76(f): 7:27pm On Mar 03, 2017 |
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Romance › Re: Emeka Ike Regrets Courts Dissolution Of His 17Years Marriage (Pics) by bigtt76(f): 3:11pm On Mar 03, 2017 |
E yaaaa ...allow de girl to go an chop another cassava naaaa  You can go on and chop other soup too.  |
Politics › Re: Buhari Has Stayed In London Longer Than Expected - APC by bigtt76(f): 12:59pm On Mar 03, 2017 |
Make e sidon der de call people for phone upandan ....shei na dem go vote for am come 2019  |
Crime › Re: Lagbus Driver Flogged Mercilessly By Soldier For Danfo Driver's Offence In Lagos by bigtt76(f): 11:49am On Mar 03, 2017 |
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Politics › Re: Photos From Osinbajo's Meeting With Service Chiefs by bigtt76(f): 9:28am On Mar 02, 2017 |
This is so so wrong! The Ag President seem to be sitting on a 'high table' detached from his service chiefs. It would have been a bit acceptable but for the presence of Lai Mohammed turned everything backwards  You don't need such person at a security briefing  kubumilano: Today H. E The Ag President of the federal Republic of Nigeria Prof Yemi Osinbajo received security briefings from Service and Intelligence Chiefs. |
Politics › Re: "I Will Never Contest Against Buhari" — Tinubu by bigtt76(f): 9:56am On Mar 01, 2017 |
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Politics › Re: FG Completes Repair Works On Abuja-kaduna Highway In Readiness For Abuja Airport by bigtt76(f): 9:30am On Mar 01, 2017 |
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Celebrities › Re: Banky W Escapes Death As Fire Destroys His Lekki Home by bigtt76(f): 3:07am On Mar 01, 2017 |
Hmmn |
Literature › Re: The Story Of My Vagina By Mbagwu Chilaka Amarach by bigtt76(f): 3:05am On Mar 01, 2017 |
Oj |
Car Talk › Re: How Nigerian Drivers Damage Nigerian Roads With Winter Tyres by bigtt76(f): 9:37pm On Feb 28, 2017 |
Hmmm |
Politics › Re: Obasanjo Reads Fable Of The Tortoise To School Children In Ogun State (PHOTO) by bigtt76(f): 7:15pm On Feb 28, 2017 |
Baba na sharp man. He's been cooked over and over again to know that avoiding such chair is the best thing to do  D3xt3r: See the big chair they prepare for him...see where he chose to sit. dunno what to make of that. Humility or fear of what may be underneath the chair.  |
Programming › Re: Pls How Do I Send Fingerprint Image Directly To Database Without File Upload? by bigtt76(f): 7:10pm On Feb 28, 2017 |
Compression it into a folder and create a referential link to it. It is the link you store in the database so as to make it easier to recall than uploading and downloading each time. duke2017: pls what class should I use to send fingerprint image directly to database without using file upload? I checked Google. suggestion there is that I should pass the image to InputStream but am having error on my IDE..pls how do I fix it? pls give me some codes.. thanks. |
TV/Movies › Re: #bbnaija: Is Big Brother Serving The Housemates Expired Drinks? by bigtt76(f): 8:41pm On Feb 27, 2017 |
E don de be |
Politics › Re: Amina Mohammed Departs The Nigeria For Her UN Job. PICS by bigtt76(f): 6:08am On Feb 27, 2017 |
I hope she blessed the immigrations and custom people's desk ooo  PrettyCrystal: Former minister for Environment, Amina Mohammed has bid farewell to Nigeria ahead of her new job at the United Nations. Amina Mohammed, who assumes the position of Deputy Secretary General at the United Nations in March thanked Nigerians for supporting her during her time as minister.
“Farewell Nigeria as my life journey takes another turn on the road. Thank you for your kind words of support. Allah swt ya saka da alheri,” she tweeted on Sunday.
She was also pictured at the airport in Abuja -departing to an undisclosed destination.
Source; http://www.nationalhelm.net/2017/02/farewell-nigeria-amina-mohammed-departs.html |
Politics › Re: Washington Post: Nigerian President’s Long Absence Empowers Energetic Deputy by bigtt76(f): 9:09am On Feb 26, 2017 |
What did you expect before. Osinbajo goes to all the important meetings worldwide. This is the dividend we are reaping  |
Business › Re: Naira Now 317 Naira To A Dollar As At Today by bigtt76(f): 9:02am On Feb 26, 2017 |
That's interbank rate |
Business › Re: What Does Harvard Teach Nigerians About Business? by bigtt76(f): 8:42am On Feb 26, 2017 |
@embolden.... Those guys are not the founders of Jumia ooo! Go read more about how Rocket Internet Group works. The group maintains a collection of platforms and give out funds to MBA graduates to go champion it. I know they merged Kasuwa with the Jumia brand though. I think the level of success attained by the founders of Jumia, [b]Raphael Afaedor and Tunde Kehinde, [/b]can be attributed to what they were taught at Harvard Business School. Both met at Harvard and came up with the idea of setting up an online retail shop in Nigeria. I also think Harvard Alumni plays in role in financing most start-ups created by Harvard graduates. |
Business › Re: Gtbank Naira Mastercard Issue by bigtt76(f): 8:35am On Feb 26, 2017 |
Naaaah! More of a licence thing. With their links to the banks, it would have been much more easier with the BVN to map PayPal accounts to Nigerian bank accounts but CBN is scared the inflows would end up tied down in those accounts instead of to fund the forex market at a quicker rate than it would be if the owner withdraw and sell. menxer: That's a serious dilemma for an economy that wants to increase dollar earnings. I know they are prolly looking at the negatives first and only. |
Business › Re: Gtbank Naira Mastercard Issue by bigtt76(f): 8:21am On Feb 26, 2017 |
Well there may be a limit as to how much dollar your BVN profile can transact out monthly. Accepting inflow into your PayPal is a government regulation thing. PayPal still does not have the licence from CBN to do that. Infact CBN does not know whether that falls into the IMTO category or not. menxer: That's the shock I got this morning trying to pay for a subscription using PayPal.
Now that we are to use dollar card, will the limits still apply? Will PayPal lift its ban on funds receipt into cards issued by Nigerian banks?
FX Black market here I come! |
Car Talk › Re: Check Out The Audi A8 5.5 With Rice Cooker, Exclusive Only For Japan. by bigtt76(f): 8:16am On Feb 26, 2017 |
It would work well with this 
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Family › Re: Help,my Little Sister Is Getting Depressed.... by bigtt76(f): 8:11am On Feb 26, 2017 |
Call her and surprise her with a shopping treat. I'm sure that would lighten her up. Thereafter, ensure you stay in touch with her, ask her what she does like, try to be close to her friends too, but nor try de chop dem o  |
Romance › Re: Abuja Pastor Caught Sleeping With Married Woman In Hotel, Stripped Unclad by bigtt76(f): 8:04am On Feb 26, 2017 |
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Business › Re: Gtbank Naira Mastercard Issue by bigtt76(f): 8:02am On Feb 26, 2017 |
What card type did you use when you got the second message? I think they've stopped the Naira card for foreign transactions since last week or so. yemight2776: Have been one of the user of the Naira MasterCard to buy goods online but I first received one message from Gtbank saying:
"Dear customer, you can conveniently use PayPal with a GTBank Dollar Card. Apply now on Internet Banking or send a mail to cardsandproductdev@gtbank.com".
After some days that have been trying to use the card to pay online that have been decline, I decided to try it again to buy on eBay and was decline and later Gtbank sent message saying:
Dear Customer, your transaction was declined because the amount attempted exceeds your approved cumulative limit.
But now am confused because I don't really understand that 2nd message and I heard that some people card is still going on well. Please help. Thanks |
Fashion › Re: Natural by bigtt76(f): 7:15am On Feb 26, 2017 |
Lose NOT Loose  sheeda995: Let's talk on natural ways that work in enhancing our beauty. As for me,one of the things that I have done that has perfectly work is my exercise and diet weight loss therapy. I was able to loose weight in a natural beautiful way.I successfully lost 20kg within 6months. I combined exercise with making my diet rich in protein, I ate beans like crazy, and thanks to God, rice got costly,then I was totally off rice and I ate beans a lot from white beans with stew, to moimoi, I took lots of water melon, though I still ate indomie sometimes. But the truth is the exercise I did was the main thing. In my hair journey, I have tried so many things but I give credit only to castor oil and coconut oil. but castor oil did not help me grow my eyebrow, I noticed it was falling, so I stopped.Coconut oil makes my hair shines. Then Shea butter, I kinda dislike this because it has only added to my problem, I used it as body lotion and it gave me pimples,thicken my skin,and for my hair,its a lil help,but for the scalps, I think it gave me dandruff, so I stopped. But am still trying these things out to be quite sure why they work the way they did because some particular lifestyle could affect the way some things will work for us.
...so kindly drop yours |
Politics › Re: Garba Shehu Misses Buhari's Call by bigtt76(f): 9:18pm On Feb 25, 2017 |
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Celebrities › Re: I Lied, My Husband Didn’t Buy Those Things; Tonto Dikeh Confesses To Fake Instag by bigtt76(f): 4:46pm On Feb 25, 2017 |
We knew  we just played along and liked your posts  |
Foreign Affairs › Re: Morocco Seeks To Join Ecowas As Full Member by bigtt76(f): 4:44pm On Feb 25, 2017 |
Oya Naija boys... New Road wan open for Moroco o!  |
Politics › Re: Transcript Of Femi Adesina's Call With Buhari by bigtt76(f): 4:38pm On Feb 25, 2017 |
Wonder why Adesina didn't tell him to continue resting naaa  #OsinbajoDelivering |
Politics › Re: Transcript Of Femi Adesina's Call With Buhari by bigtt76(f): 4:37pm On Feb 25, 2017*. Modified: 9:10pm On Feb 25, 2017 |
... And Femi didn't think it was unusual? In the security world it shows one thing - impersonation. It's a give away to show that the script on the other side wasn't properly executed. He's called you Adesina for 2 years now and today calls you Femi.... be very afraid!  PapaBrowne: He called him Femi instead of Adesina that Buhari usually calls him |