₦airaland Forum

50 Uzbekistan 52.53
51 Portugal 49.92
52 Singapore 47.95
53 Algeria 46.25
54 Syria 43.76
55 New Zealand 43.54
56 Bulgaria 43.39
57 Bangladesh 40.08
58 Hong Kong 39.97
59 Peru 38.4
60 Serbia 37.65
61 Hungary 34.28
62 Denmark 33.71
63 Belarus 32.82
64 Qatar 32.34
65 Libya 29.72
66 Ireland 26.04
67 Nigeria 24.87
68 Slovakia 24.39
69 Azerbaijan 22.99
70 Ecuador 22.85
71 Morocco 21.13
72 Korea, North 21.04
73 Puerto Rico 20.02
74 Turkmenistan 19.97
75 Oman 18.63
76 Cuba 17.8
77 Tajikistan 17.09
78 Iceland 17.08
79 Slovenia 15.73
80 Tunisia 15.14
81 Kyrgyzstan 14.9
82 Mozambique 14.83
83 Lebanon 14.81
84 Jordan 14.64
85 Croatia 14.24
86 Bahrain 13.16
87 Dominican Republic 13.09
88 Bosnia and Herzegovina 12.93
89 Lithuania 12.27
90 Estonia 12.19
91 Sri Lanka 11.8
92 Zambia 11.19
93 Georgia 9.69
94 Uruguay 9.5
95 Costa Rica 9.47
96 Ghana 8.21
97 Guatemala 8.15
98 Trinidad and Tobago 8
99 Zimbabwe 7.81
100 Congo, Democratic

StOla:
Funny enough I was just there this July for the 1st time in my life to visit an Igbo who always claimed to live in Apapa.

That is one overpopulated ghetto.

What's it with Igbos and chaotic environments?

You need to watch that BBC documentary on Lagos.
It centres on an Igbo scavenger making a living from a similar dumpsite.

Wait till the state government attempts to demolish that ghetto, from their wailings you'll know my arse shits out accurate data.

ideology:
Am waiting for liar Mohammed to blame GEj,

I was mad few months ago, when An educated man was blaming GEJ for failing naira value.

How I wish I can meet him again and ask him who is to be blamed, now that its 245

Nigerians should look inwards, the advantages of devaluation of naira is way higher.
The populace should be educated on what to do, Govt should also act asap.

The only problem is businesses that depend on FX and importation will suffer, but it's a shame for Nigeria to be importing agricultural products etc, imo, only heavy machines should be imported.

feedburna:
you are a true Biafra. keep it up.

feedburna:
history keeps repeating itself

feedburna:
The truth is that evil has an expiring date. the time is now.

feedburna:
allow d damn abominable zoological currency to fall like a tree. they no get option. waiting for IRAN to release KANO oil



the zoo must fail

According to S&P’s Director of Sovereign Ratings, Ravi Bhatia, the recent measures by the CBN including stopping the sale of forex to importers of 41 items at the official forex markets could only delay the inevitable, Reuters reported.

Items affected by the CBN’s policy include rice, cement , margarine, palm kernel/palm oil products, vegetable oils, meat and processed meat products, vegetables and processed vegetable products, poultry-chicken, eggs, turkey, private airplanes/jets, Indian Incense, Tinned fish in sauce(Geisha)/Sardines, cold rolled sheets, galvanised sheets, roofing sheets, wheelbarrows, head pans, metal boxes and containers.


The list include enamelware, steel drums, steel pipes, wire rods(deformed and not deformed), iron rods and reinforcing bars, wire mesh, steel nails, security and razor wire, wood particle boards and panels, wood fiber boards and panels, plywood boards and panel and wooden doors.


Others are toothpicks, glass and glassware, kitchen utensils, tableware, tiles-vitrified and ceramic, textiles, woven fabrics, clothes, plastic and rubber products, polypropylene granules, cellophane wrappers, soap and cosmetics, tomatoes/tomato pastes, euro bond/foreign currency bond/share purchases.

Internationally-acclaimed ratings agency, Standard & Poor’s, S&P, has noted that even not now, the Central Bank of Nigeria, CBN, will have to at some point devalue the naira possibly by more than 15 per cent

The agency which disclosed this on Wednesday however pointed out that it saw the adjustments as likely to be gradual.

According to S&P’s Director of Sovereign Ratings, Ravi Bhatia, the recent measures by the CBN including stopping the sale of forex to importers of 41 items at the official forex markets could only delay the inevitable, Reuters reported.

Speaking at a press conference, Bhatia asserted that, “Another devaluation is inevitable… they will have no option but to devalue”.

Many investors are positioning for a devaluation of around 15 per cent. Bhatia said that sounded “reasonable”, though even more might be needed.

On Wednesday, the Naira hit an all-time low of 242.5 against the dollar on the parallel market operated by dealers in bureau de change, down 0.42 per cent from Tuesday.

The Naira has been hitting record lows at the parallel market since the latest central bank measures introduced three weeks ago.

Bhatia, who is not expecting the adjustment to be done in swoop, noted that, “I think at this stage the plan is to move in increments, not to do a ‘one big step’ devaluation like they would in the old days”.

The CBN has insisted that it is in no mood to devalue the Naira, given the risks to inflation from a weaker currency, and that it will not be focusing on the thinly traded parallel market when determining the exchange rate.

Local and foreign investors have also been nervous that Nigeria may lose its place in the benchmark GBI-EM local currency debt index. Bhatia said this was a “real possibility”, although he expected the government to adjust policy enough to maintain its membership.

“At some point they have to decide: do they want to go with their policies or do they want to stay in, and at the moment they are trying to do both, and it has worked,” said Bhatia.

“But there are issues there, and it is a concern.”

Local and foreign investors have seen a devaluation of the Naira as long overdue for Nigeria, which has been battered by the recent tumble in crude oil prices.

Following the naira devaluations in November and February, the CBN has recently focused on curbing access to foreign exchange at the interbank market for importers of some goods, introducing stringent restrictions three weeks ago.

omenka:
Such a pity your opinion or that of your fellow hate mongers on this forum is totally irrelevant in the grand scheme of things.

Sulk all you want, what's gonna be is gonna be.

omenka:
Such a pity your opinion or that of your fellow hate mongers on this forum is totally irrelevant in the grand scheme of things.

Sulk all you want, what's gonna be is gonna be.

phreakabit:
Would have loved to see these foreign observers in the North too. . . Why tie one man's hands and leave the other to do as he pleases? Unfair monitoring.

Truckpusher:
Shattap your dirty mouth , you paid robot.

There was an election and mad man and madam Amaechi with his faggotasss can't stop it.

You can't vote for the demonic party here - we'll chop off your damn useless hand like they do to Yorubas in the North even as some of them are still stuck to the Gambri man's asss.

lebete3000:
"Is ds an election?"

"Massive rigging!"

"Is ds an election?"

Thats Rivers state guy in d video

Obiagelli:
Femi Fani-Kayode said:
We won every single ward in my local government area of
Ife Central in Osun State for Jonathan. Praise God.
Not only did we win in my polling booth and ward but we
also won all of the 4 local government areas of Ile Ife,
Osun state for Jonathan.

From nairaland front page

udemzyudex:
funny..... close range in ur dreams... I bet,if they were in close range,you would have post the result

alpharbody:
This is not a campaign for any political party but a view of failure by phcn to the supply of light to my area (rumueme, mile4) for 2yrs now we cant see light that can last upto 6-12hrs a day ,but since four day now there is staedy light, which i ask my neighbor the reason for this surprise from phcn, he say its an order given to the phcn by PDP gubernatorial candidate to supply til Monday 30march so as to help the peoples in the community to get lastest news of the ongoing election, I see this as an act of wickedness by phcn officers, even when we contribute to the installation of transformer which we cant see light except with generator.
I will like to know whether its intentional action or wickedness by phcn to deprived us of light only to supply to oraozi area,g.r.a , which they consider as a business area that have the presence of hotels and offices.

Thanks to the sponsor.. Bar wike. I appreciate your kind gesture that I can now enjoy my air conditioner and follow news on AIT for three days now...
I wish you will continue to use you esteemed personality to help us get steady light....

Happy and peaceful election to all Nigerian

Be your brother keeper....we are one

#Bless

kommiejewel:
Amaechi is a thug and no one in Rivers state in their right minds would vote for APC at any level. Can't you all see what's happening? In some of the APC states, APC is losing... to show that the governors failed their states...they were too busy campaigning for Buhari that they forgot their primary assignment.

oduastates:
What a disgrace what is happening in the SS and SE. After 4 presidential elections, they are not yet evolving. And you wonder why the Niger bridge is Missing?
Notwithstanding, the international media are already giving it to buhari. It is only a matter of time for western leaders to follow suit

BiHung:
Cos they want to start tampering with the results.

#RejectRiversResult

If Jega doesn't reject the rigged results from Rivers state....the protest in the North will divide Nigeria...cos even the soldiers voted for change

Bre:
So far as oyibo is involved, they will only severely escalate whatever is happening with inflammatory words and skewed reporting. Beware of them and their ways, biko.

May God please watch over everyone in Rivers. Let me not hear that people are losing their lives recklessly