₦airaland Forum

Any position he want he can assign Twale Oba!

Meanwhile the VAT comes from the numerous Haram which Boko guys were against BTW who needs to rebuild the North East? The states there never de collect federal allocation? Instead of them to be developing their states, they be sponsoring people to Hajj, constructing metal caskets, conducting mass weddings, sponsoring Qur'anic recitations. Naaaa dem use their hand spoil the land, they should sacrifice and rebuild it from their own allocations.

Its been suspended. On GTB you can still do max $100 per month. Kpeleeee o!

Iglesia02:
pls can some one in the house comfir this. Am a footballer in Sofia Bulgaria. i went to the ATM. today to withdraw with my naira master card. i was refused. Gtb and first bank card. pls I want to know if they have banned the card again or what? Emefiele with his change of policy on daily basis or is it from the banks or here in Bulgaria. Even the flight ticket i want to buy could not be authotised. thanks.

Edo peeps with their sexy names

Well spoken bro. In as much as the CBN is trying to harness from the diaspora, it should not project the country's revival based on that. They should diversify the economy period.

The 280 is projected not actual. Currently the I ter bank rate is at 305 to the dollar while BDCs is at 453.

989900D:
Inflow generally increases towards December. That said, even when the rate was N160-200 in 2014, the inflow was almost $20b per annum. The expected inflow this year though, is projected to exceed $30b slightly due to your reason (the emboldened), more Nigerians overseas sending money home than say 3-4 years ago, and SOS calls from home due to the comatose economy. Mind you, those overseas still need to work to get the money, pay bills, and e.t.c.

I need to add too that, as the FMDQ market progresses and more foreign investments (portfolio and real/FDI) are sought, there would be increased inflow, maybe not on the scale we would want, but there would be progressive increase in inflows, no matter how little. Also, the more the BM closes in with the 'interbank' the less unofficial inflows we would have, giving some boost to funds trickling in via official channels.

ATM, of the 'projected' estimated average inflow of $2.9b per month from diaspora remittance, less than $200m is currently being sold to BDCs per month, actually less than $150m.

To topic: I don't see any '280' in the article, bar the heading.

You read my mind! CBN be thinking the Diasporas would be the ones to revive the economy right? Let them be angling for it. The current gains of the Naira would soon be shortlived as CBN is now fixing the rate at which the money transfer organizations can payout in Naira in exchange for the dollar locally.

This means the remittance from the Diaspora would no longer be lucrative as you mentioned. Also, with the 19 banks suspended, they would experience a gloat in their system whereby they would no longer afford to remit Naira to the customers hence they would no longer partake in the in flow.

obailala:
Not at all, this has nothing to do with selfishness... Rather it is silly and counterproductive for the CBN to artificially peg the official value of the Naira at a much reduced figure when everyone knows the actual value (blackmarket) is far far higher.

This was the exact reason the Naira was floated in June; to bridge the gap between the official and parallel/blackmarket rates, to encourage foreign investors and diasporan Nigerians to bring more forex into the country and to prevent our numerous dubious businessmen from round-tripping by collecting official rate from banks/cbn and selling it back at the blackmarket with instant N150 to N200 profit per $/£.

The CBN says Nigerians in diaspora remitted $21bn into the country last year; this whooping figure isn't because diasporans now have more money, rather it is because it is now more lucrative to send money home so diasporans now work harder and squeeze themselves to send down every little they make. In return, this increased remittances helps the economy but these silly CBn policies of forcing money transfer organisations (like Westi etc) to exchange at lower rates (even when we know the real value on the streets), such moves only discourages a lot of diasporans from sending money down as they would have wished and I'm yet to fathom how this helps Nigeria.

Sharp sharp?

topstory:
His Royal Highness, Eheneden Erediauwa, has been crowned the 39th Oba of Benin Kingdom succeeding his late father, Omo n' Oba n' Edo Uku Akpolopkolo. The Oba of Benin married 3 beautiful wives.

http://www.ngyab.com/2016/10/20/see-the-beautiful-3-wives-of-the-new-oba-of-benin-photo/

See His beautiful Wives Below..

CC: Ishilove, Lalasticlala

I hear get well soon

ugochuks95:
tnx bigtt i would buy u something[center][/center]if it clears

Once a day dear that is if you are able to get the 1000mg. Those water soluble ones are good not those orange tablets you chew tho.

ugochuks95:
and plz how many times in a day will i take it

The 1000mg is your daily recommended dose. I suffered the same issue recently, I try using saline water to wash the eyes to no success. I was feeling grainy sensation inside the eyes so I took Vitamin C as mentioned earlier and it cleared it. It should work for you. I suspect its more an allergy than 'boil' or is there any pus coming out?

ugochuks95:
tnx bigtt plz can u tell me d dosage

Lol ....buh I de online! Abeg nor let us behave like the governor and hin people o!

sucess001:
go jor...thats how u dissapeared and made me miss u

This is just a supply induced respite. For God's sake, the naira's true value is dependent on the country's exports and not from hand outs by the diaspora.

Don't forget that the diaspora helped bring down the value unintentionally because everyone was trying to cash in on the high dollar to naira exchange rate. With these rates crashing, trust me the inflows too will drop. This in turn will lead to the situation we were in before

Nice one. They've found a new avenue to siphon funds

Take highly concentrated Vitamin C (1000mg) dissolved in water and it will go away. Thank me later. Don't take anti-biotics

ugochuks95:
plz nlanders help me out.dis boil in my eye lid has been disturbing me.i have gone to d hospital and i have also taken d drugs prescribed but all to no avail.i m loosing my self esteem coz of it.d boil is on my lower eyelid

Sweetie pie wata gwan

sucess001:
hello bae

Go through the Law School entry or use Google Maps .

dedons:
Please how do I locate Akin Adesola street off )ola Odeku in V. I?

Please tell us the bank you used becos this is a known fact that most Nigerian banks have stopped the use of Master Card Naira for foreign transactions. May be GTBank buh they've reduced transaction limits to $100 per month.

koksybrown:
I used my Mastercard for a foreign transaction today. Where did you get this information?

$1million per year nuff respect madam! #GodIsWatchingYou

Isssorite!

What happens after workers sell their votes for bags of rice and gallon of vegetable oil ....their brains become vegetable after election year has passed It takes another election year for their brains to regenerate! Say no to #StomachInfrastructure

Well ....may be you should explain it better.

mecusbosco:
I'm not sure understand the way bank operates...

Nigerian banks have stopped the use of Master Card Naira for foreign transactions dear

Rex123:
That isn't true! I fund paypal with my Nigerian master card! It works seamless for me!

I think you should try a master card atm card!
I verified my account! About $1 was deducted! Try a master card!

Is it a Nigerian Visa card? Most banks have stopped Nigerian cards. Beside that you may not be able to add a Nigerian card to a US PayPal.

So what is his chosen name?

Gbam! This one nor want the job at all

How these people calculate these things baffles me shaaaa Shei with us struggling and companies folding up na hin de make us the biggest economy?

Lovely dress and designs on the Chibok girls. I wonder who won the contract to dress them up #MustHaveHammered

Den for light up hin blokos naaa

Put drops of olive oil inside the ear and you might be lucky the object will slip out.

So what of the dollars the banks were to sell to BDCs? Did they source it from the Black market ni? These people are not just telling us the truth. The banks stopped the card transactions after CBN suspended 19 banks from selling their forex.

What this meant is that when the banks are suspended, they cannot continue to payout Naira to customers while they have a horde of forex unused in their vaults.

They would end up not having Naira again since they cannot use the forex to settle their bills externally without CBN clamping down on them nor can they sell to the BDCs to get Naira. Just watch, when the suspension is lifted, they will resume ....#uselessBanks

Death-day NOT Birthday! He was born 16th March 1947 and died 19 October 1986 (which makes it 30 years today since he died).

DAVECENA:
JUST LIKE YESTERDAY !!! EXACTLY 30 YEARS ago, This Top Journalist DELE GIWA was killed .
He was Bomb out of existence with LETTER BOMB on the 19-10 -1986. May his Soul REST IN PEACE Amen.
16 march 1947 to 19-10-1986

Dele Giwa (16 March 1947 – 19 October 1986) was a Nigerian journalist, editor and founder of Newswatch magazine.



https://en.m.wikipedia.org/wiki/Dele_Giwa

The company, which was incorporated in November 2011 had the following as its directors: a close aide of the ex-Minister, Ikenna Ezekwe(700,000 shares) of 51 Simpson Street, Ebute-Metta; Idowu Oshodi(299,000 shares) of 8, Prince Tayo Adesanya Street, Park View Estate, Ikoyi; and Elizabeth Adebiyi(1,000 shares) of 3, Adedoyin Street, Ijeshatedo, Surulere.

Of all the names mentioned therein, only Ikenna Ezekwe is genuine. The rest na placeholder names We need to be serious in this country. In this time and age, CAC is yet to update the need for BVN or other validated (yes it must be validated as you're inputing in) IDs for the directors so as to stop all these briefcase companies .....funny I'm planning to register one too