₦airaland Forum

chieyine:
@Naija Politico

A massive hike of 240 per cent in the prices of petrol and diesel goes into effect today in Zimbabwe.

Petrol was selling for 1.32 dollars (N481) per litre before Sunday’s hike. Now, it will be sold at $3.31 per litre.

President Emmerson Mnangagwa announced the increases Saturday night.

He said the prices were predicated on the prevailing rate of 1:1 between the U.S. dollar and the surrogate bond note.

Mnangagwa revealed the increases to journalists at the State House ahead of his tour of Eastern Europe and Switzerland.

He said: “The government has today decided on the following corrective measures, with effect from midnight tonight, fuel pump price of $3.11 per litre for diesel and $3.31 for petrol will come into effect.” (In naira terms petrol is N1204 per litre and diesel N1135).

“Guests of government by way of foreign missions, other registered foreign bodies and tourists will fuel and refuel at designated points at the price of 1.24 U.S. dollars per litre for diesel and 1.32 U.S. dollars per litre for petrol upon production of proper identification documents,” Mnangagwa said.

The fuel price increases coincided with government’s decision that the country will have its own currency within 12 months, thus jettisoning the US dollar.

Zimbabwean Finance and Economic Development Minister Mthuli Ncube said adopting the U.S. dollar or the South African rand would not solve the country’s macro-economic problems.

Asked to give a timeline on when local currency would be reintroduced, Ncube said it would be done “in less than 12 months.”

He said separating the parity between Real Time Gross Settlement accounts (RTGS) and foreign currency accounts (FCA) was the beginning of currency reforms which are necessary for pushing the country’s economy in the right direction.

“Our job is to introduce a currency that will be stable and less volatile. Dealing with the fiscal side is the first order to move towards a stable currency,” Ncube said.

Zimbabwe adopted the use of multi-currencies in 2009 after its local currency had been rendered worthless by hyperinflation.

To relieve cash shortages, the Reserve Bank of Zimbabwe introduced the bond note in late 2016.

Initially pegged at 1:1 against the U.S. dollar when it was introduced, the bond note, however, has gradually lost value against the real currency and is now trading at about one-third the value of the U.S. dollar.

Source: https://naijapolitico.com.ng/petrol-now-n1204-per-litre-in-zimbabwe/

saints2:
This is Cross River Garment Textile Factory, when completed will produce African and Italian fabrics. It is also expected to generate jobs and help to reduce our reliance on foreign fabrics. See more pictures below..


Source:
http://www.ajayiwrites.com/2016/08/an-overview-of-cross-river-garment.html

fingard02k:
Here is the list of Made in Nigeria rice and the states.



Source: http://www.enzyhub.com/list-of-made-in-nigeria-rice-and-state/

Thisis2raw:
Some tribal bigots will not like this

9jatriot:
with all these news, have u guys gotten First Aid and emergency units ready in specialist hospitals ready for Fayose and his crew?

JossyOloye:
I don't believe this. aisha buhari is not in usa.

9jatriot:
with all these news, have u guys gotten First Aid and emergency units ready in specialist hospitals ready for Fayose and his crew?

azzima:
no one is saying that other tribes aren't into crimes as well BUT IGBOS MUST lead in any criminal activaties

dridowu:
http://m.indiatoday.in/story/delhi-police-busts-international-drug-cartel-four-including-a-tanzanian-nigerian-arrested/1/729497.html

PrimorisIndLtd:
Primoris Paint needs distributors within Lagos and neighboring states. Production Starts in full this October and we are currently getting interested distributors. You can start with any amount and still make great gain with us. Call James on 07063073339, 07068187289.

WhatsApp: 07063073339

Thanks

BrainnewsNg:
Source: http://fastesttech.com/differences-between-http-and-https-websites/

https://fastesttech.com/wp-content/uploads/2016/07/http-and-https-Websites-400x266.jpg

HungerBAD:
Waste of money.

Ebiraland is not Bayelsa,Rivers or Delta with plenty of money,so this showmanship palace is uncalled for.

This Opulence in a place like Ebira,that lacks a lot is uncalled for.

HungerBAD:
Waste of money.

Ebiraland is not Bayelsa,Rivers or Delta with plenty of money,so this showmanship palace is uncalled for.

This Opulence in a place like Ebira,that lacks a lot is uncalled for.

Pandorabox:
Same thought came into my mind.

BiafraBushBoy:
They will Just perform badly and come back home

I heard our boxer had no prior training

fratermathy:
By Mathias Orhero
(literarymathy[at]gmail.com)

[size=1pt]Lalasticlala
Lalasticlala
Lalasticlala[/size]

jamp:
Hello house, since the creation of Agric section on nairaland, peoples lives have been touched, contacts established and new friends made too.

This thread is for nairaland farmers to drop their contact email, area of specialisation, phone number (optional) and location (optional).we need to have a directory of our farmers.

The aim is to share infomation faster for those who cannot get immediate answers from threads immediately.

Fellow farmers lets feel to network and build a greater nigeria through farming.


@mods, pls stick this thread on agric section home page.

PrettyCrystal:
are u planning on dying now? u will still see presidents worse than him. Time still dey

PrettyCrystal:
are u planning on dying now? u will still see presidents worse than him. Time still dey

KillerFrost:

metronaija:
http://www.metronaija.com/2016/06/outgoing-igarase-promoted-junior.html

metronaija:
http://www.metronaija.com/2016/06/outgoing-igarase-promoted-junior.html

antispexish:
pump price reduction spreading to calabar
www.punchng.com/motorists-surge-calabar-filling-station-reduction-pms-n139/

lordoseji:
NIGERIA= A country where nothing works.

SeverusSnape:
I'm not a fan of Saraki, But the double standard of APC SUPPORTERS is nauseating.

When Saraki decamped from the PDP and joined APC, He was hailed as a "progressive".

When he was going about campaigning for/with Saint Buhari, He was called a general of common sense. I remember him going to the Chatham house with Buhari to deliver one phony speech, and taking pictures.


https://cdn.dailypost.ng/wp-content/uploads/2015/07/Saraki-buhari.png

When he used looted funds from Kwara state to bankroll Buhari's campaign, he was called an agent of change.

When he delivered Kwara to APC, He was showered with praises and eulogies, "Hero of democracy" they called him.

But when he clinched the seat of Senate president against the wish of some power brokers like Tinubu the okpolo eyes, That's when they remembered he is a corrupt guy. All of una dey crase.