₦airaland Forum

makapella:
U r an e-diat...im sure u r related to bullharry
Give me 7million n il use 500k for d wedding n so invest d remaining abi we go do wedding finish go dey soak garri wen we fu*k finish?
In calabar/Akwa ibom,we r so considerate dat if u want to waste such money,its even ur church n village dat will tame u...

Mbok ndito Akwa cross as a whole,south south,Eket,Itu,oron,Akamkpa,bayside,calabar south,odukpani,ogoja,uyo,ikot ekpene,yakkur,calabar municipality,etim edet park,tropicana,five star hotel,maitama,moon shine,flour mile,mcc rd,udotungubo opp salvation army,olumba olumba obu,Bishop Emmah isong ministries,ndito plaza,jeniss,marian rd,uwanse,mount zion plssssssssss shower me with 1000 likes..

kaziblake:
Rich man

henrydadon:
shut up ur mouth..u are talking as if u have really made it in life

delpee:
And then live in a rented apartment or do I assume the groom has his own house? With that amount, you can build a small 2/3 bedroom bungalow in a suburban housing estate and live happily thereafter. Too far? You can let if out to subsidise your rent in the city.
The wedding is just an event preceeding the marriage which is the real deal. Invest for a joyful and less stressful future together if you have that much. Avoid debt as your expenses are bound to increase after the wedding. Be wise!

mooremedia:
There is a united states law that states that anyone who invests 1 million dollar or more in the US economy automatically becomes a citizen.So I think I know why he bought it.

iAmCharis:
Please, I need someone who can transfer some dollars to a US account while I pay him/her the Naira equivalent.

Clone2020:
$5000 still available for sale in the U.S for N330/$. I wan take am pay for my wedding hall and a few expenses.

Mayflowa:
What are you doing to help?

adipemcanis1:
Well,back in the year 1973.....something happened. Oil prices shot up by 400%....thanks to OPEC raising the oil prices to ''deal'' with the Americans for backing Israel during the Yom Kippur War. (google for it).

As a result, a lot of oil producers had money flowing in.....dollars.

This meant that most oil producers had lots of dollars. For Nigeria....enough dollars meant a stronger Naira.

That is why by 1978....N1=$1.

(At the same time, America had a lot of economic problems,. and the dollar was not as strong as it used to be. Add the rising power of Japan...and you get the pic)

By 1982,however, the oil price per barrel dropped. This led to a drop in forex holdings for many oil producers. For many of them it was a nightmare (The Soviet Union for example went into economic crisis which was one of the reasons why it collapsed by 1992.). For Nigeria....less dollars meant economic problems. And thanks to the massive corruption of the Second Republic....we did not have the forex to buffer the naira. By 1983....Shagari was already talking about austerity. When Buhari took over on Dec 31 1983 via coup.....the situation was serious. Buhari kept the problem at bay via certain economic measures....but inflation kept rising because we did not have enough forex to import . Buhari's answer was import substitution. Then Buhari was overthrown.....IBB came in, the oil price stayed low,our debt was rising....and SAP came around.

Your dad had a good time in the early 1980's because of high oil prices. If you listened closely....he would have told you that from 1984....things got tougher.

Nigeria was to remain in the economic doldrums until oil prices rose again by 2003.....