₦airaland Forum

Samleen:
*If government can stop the printing 500 NGN notes and 1,000 NGN notes and officially discontinue its use!

*Reintroduction of Nigeria coins, 50Kobo, 1 NGN and 2 NGN.



Welcome, lets get started by examinining the top 10 performing currencies in the world to gain necessary insights before drawing our conclusions.

*.Kuwait Dinar KWD:  (  1 KWD = 1201.9611 NGN  )
Bank notes: 1/4, 1/2, 1, 5, 10, 20 Dinars
Coins: 5, 10, 20, 50, 100, 200 Fils


*.Bahraini Dinar BHD: (  1 BHD = 956.3254 NGN   )
Bank note: BD 1/2, BD 1, BD 5, BD 10, BD 20
Coins: 5, 10, 25, 50, 100 Fils, BD 1/2


*.Omani Rial OMR: (  1 OMR = 936.2906 NGN  )
Bank note: 1/2, 1, 5, 10, 20, 50 Rials
Coin: 50, 10, 20, 50, 100 baisa and rarely used 200 biasa


*.Jordanian Dinar JDD:  (  1 JDD = 507,65070 NGN  )
Bank notes: 1, 5, 10, 20, 50, Dinars
Coins: 1/2, 1, quirsh, 21/2, 5, 10 Piastras


*.British Pound GBP:  (   1 GBP = 504.8154 NGN   )
Bank notes: €5, €10, €20, €50
Coins: 1P, 2P, 5P, 10P, 50P, €1, €2


*.Caymanian Dollar KYD:  (  1 KYD = 432.7622 NGN   )
Bank notes: 1, 5, 10, 25, 50, 100 Dollars
Coin: 1, 5, 10, 25 Cents


*.Euro EUR:  (  1 EUR = 448.2926 NGN  )
Bank notes: €5, €10, €20, €50, €100, €200 and  €500


*.Swiss Franc CHF:  (  1 CHF = 388.1395 NGN  )
Bank note: 10, 20, 50, 100, 200, 1000 francs
Coins: 5, 10 and 20 Rp/cts, 1/2, 1, 2 and 5 Fracs


*.United State Dollar USD: (  1 USD = 360.5000 NGN   )
Bank note: $1, $2, $5, $10, $20, $50, $100
Coins: 1C, 5C, 10C, $1/4, $1/2, $1.




Go back to the list once again and check what's the highest denominations of each currency (and population of users of each currency), You will discover that the top performing currency do not have high face value like we have 500 NGN and 1,000 NGN in Nigeria.

Also, you will notice that the top performing currencies have coins form of currency with denomination of very low face value.

The highest of the denominaton is 1000 Franc followed by 500 EUR. 1000 Franc is not in frequent use and the highest Franc denomination next to it is 200 Frank ( not like 500 NGN as we have here in nigeria ). Also the use of 500 EUR will discontinue this year 2018.

Get a hold on history of exchange rate in Nigerian, you will find out that every introduction of new high denomination currency note has averse advese effect on it.


Why High Denominational Currency Note Is Bad:
1. Increase in prints of currency notes with high face value e.g 1000 NGN makes other lower currency of less important and less usefull. This can gradually lead to upgrade of price of goods and services in market.

2. It makes stealing and loothing of cash easier as larger amount of money value can be packed into a very small space.

Why do CBN currently print more high denominational currency alone? Methink its in a bid to enhance hoarding of cash against the comming 2019 general election.

3. 500 NGN and 1000 NGN are no money for the common man, go to the market and examine what denomination are most in use.

4. It's in a way opposing the cashless policy by the federal government of Nigeria.


What The Wise Nations Did:
1. United State of Ameria used to have $500, $1000, $2000 currency notes until December 14, 1945, when the high denominational bills were last printed and officially discontinued on July 14, 1969 by the Federal Reserve System.

2. Europian Central Bank announced on 4 May, 2016 that it would phase out the 500 Euro notes by the end of 2018.



Other Factors That May Affect The Exchange Rate Of A Currency Include:
1. Ratio of goods/services importation to exportation

2. Availability of currency and number of complying users.

The Illegal illegal printing of currency by the CBN according to as reported by some news media outlets has a long way to desctroy value on our cash.

3. Inflation rate

4. Government debts and federal reserve.

5. Political policies and stability

6. And many more



My Recomendations:
Nigerian government should permanently discontinue and remove 500 NGN and 1,000 NGN currency notes from circulation. Reintroduction of 50 Kobo, 1 NGN and 2 NGN coins should also be done.

A serious government fighting corruption will yield to my advice as abundance of lower denomination currency will discourage looters from hoading and keeping cash in a safe instead of bank.

Caveat emptor:
This writeup is a personal opinion resulting from my many observations. It is not a scholarly work and should not be treated as one. Copy-and-paste bloggers should please reference the link and author of the article.

This is a good idea. But the lower denominations too should be in notes not coins, so as to help with its acceptance by people. Many would say coins is used in developed countries but we are not a developed country, we are still developing.

olayinkajnr:
MTN doesn't zap data. They charge based on your actual usage.


Airtel is another story.

I use 9mobile though, even though there data plans are expensive, I prefer them. Just like MTN, they don't zap too and I get lots of bonuses.

For instance, if I recharge 1k, I get 1200 for calls for other network and another 1200 for 9mobile lines.

If I use 1.2k to subscribe for their 1.5gb plan, I get 750mb bonus to use for one month during the day between 5:01am to 11:59am. And another 750mb bonus to be used for one month between 12am to 5am.

Making a total of how many gb including the bonuses?

olayinkajnr:
MTN doesn't zap data. They charge based on your actual usage.


Airtel is another story.

I use 9mobile though, even though there data plans are expensive, I prefer them. Just like MTN, they don't zap too and I get lots of bonuses.

For instance, if I recharge 1k, I get 1200 for calls for other network and another 1200 for 9mobile lines.

If I use 1.2k to subscribe for their 1.5gb plan, I get 750mb bonus to use for one month during the day between 5:01am to 11:59am. And another 750mb bonus to be used for one month between 12am to 5am.

Making a total of 3gb?

MRAKBEE:
Glo made the wrong move by reviewing its data subscription plans.
Nobody would have complained even in the light of poor internet service cos of the data bonus which is a compensation

Airtel also reduced their 2g-network 6gb to 3gb. So I think all the network must be carefully checked before making any hasty decision.

Icecomrade:

See how these criminals are fooling the Nigeria Police.

Nobody cannot make withdrawal by been with a persons account details or BVN.

This shows how poorly enlightened our police officers are.

It is very very possible as long as it's the sim card/line your bank sends you notification. Immediately I saw how easy it was I had to start using PIN codes on all my lines. Because ones your phone is stolen the next thing for the thief is to switch it off and on switch on it would ask for the pin code.

Hp mini 3115m would be fine. I play fifa14 and dead space 2 & 3 conveniently.

If you want a phone that won't get you stranded because of flat battery get this phone but do not expect a fast charge. Bought mine like 10 days back and it's working just too well. I just wish itel had put a led notification light on the phone.

TohKunBoh:
sadly it doesn't have a fast charge but at least e go charge sha, p51 charges for 3hrs

Abeg it takes more than 3 hours to charge, but ones charged it just not dying on you.

My review at the moment

+ side

1. Good battery
2. Good display
3. Nice design

- side

1. No back light on keys
2. I think it takes long to charge ( though I got the phone less than 24 hours before this post)

For the price it's a good phone, I got mine 28,500.

I feel sorry for Nigerians. We've now turned common sense to an endangered species. Must we ask pessimistic people for things that are destroying our homes when we have something we can use to put an end to the challenge?
The day any anyone who finds the cure broadcast it, materials needed, steps for preparation and how to use it, the government would announce the cure a week after.

The only way for the cure to of HIV to be accepted by any government is for the person/persons who discovered the cure to broadcast the steps and items required for free on different media. Then the government would make pills and get it refined. The fact is they don't just want the cure out yet because they are making billions of dollars on ARD.

Do you have 4x4 750cc quad bike?

augster:
You guys can order through me.. Just #24.5K.. Whatsapp 08100041548

Is the phone mtk? If yes post a screen shot of it with cpu-z. I'm really interested.

Qunlexus4u:
Thanks

Please how do I flash the twrp.img step by step.
And also I wouldn't mind if you can take a picture of the recovery using another phone.

Any working custom recovery for this phone?

Please working custom recovery for this phone?

.

Kastiel5:
Pls is dier any costum rom for tecno Y6, if dier is i nid d link

Do you have a custom recovery installed? if yes, post how you got it and pictures as well. Am scared of bricking another phone.

For the price and specs this is the best tecno phone I've ever used. And the battery is far better than most android devices I've layed my hands on. And I bought mine for 15,600.

Any one with a custom recovery image should please post it.

Please anyone with cwm recovery img

Am really enjoying this phone.
Please I need the cwm recovery for this phone.

neomatrix1027:
Did you root your phone?

YES. With Kingroot4.0.

Tecno is lazy or not I don't care. Who as a link to CWM recovery for tecno y4?

I need custom recovery for tecno y4

gilsonjr98:
Please help me guys. I want to root my tecno y4 running on android 4.4.2 . I have tried framaroot,root genius,vroot,iroot,kingo root,king root ,root master,towel root but none of them where able to root it...please help.

I used Kingroot4.0 it works like magic but your Data must be on

dnte:
nt yet.. bt it is rooted

Does both sim support 3g network?

For the best pc game cheat download ARTMONEY you won't regret doing so. It also works with emulators, I tested it with ps2 emulator with GOD of WAR2.

The funniest thing is this, those condemning this herbalist would beg to get his number should they get infected. The problem with most Nigerians is that they believe in the western world and rubbish their own. You can't try a local concoction but you can try NANO-SILVER which is a pesticide. As any doctor prescribe local concoction for pile which works like charm? If anyone has his number no joke please post it or send it to me. He as something to offer.

Any custom rom for this phone?

There's too much talk about the bbm of a thing. "TO ME O," wechat is better. But this is my pin "7B9A371C" so it won't be as if I don't have one, that's why I don't like it.

*

justicesky24: Guys pls help i downloaded pes 2013 for ppsspp bt wen it get to the option file the ppsspp stop responding pls guys help

Just buy a psp