₦airaland Forum

melvinjames:
Kano is capital of Niger Republic?

lemme search for my geography textbook....brb soon

Olakunle007:
I have make up my mind to patronize Nigerians' services. I have cease the use of Facebook and switch to Nairaland.


Hope I am trying?

keep trying, but dont stop making up:-D

While we will be praying for her to have a steady brain network lets donate money to get her a modern ABACUS..
Amen

OP was just asking what is the Immigration pump prize for internatinal passport and una dey give am street prize....

Lalasticlala come c kworuptshun

drauj:
Anambra? I think they are among the 5%.

yes we are....is there something wrong about that?

amtaken:
Buhari will soon reply you.

He just clarified his post *ADVISER*, laiR moh'd is doing a great work of attacking and DEFENDing bubu..

Djicemob:
I tell you...dry girl.

but her pocket is not dry

Bevista:
Ordinarily, I should not comment on this thread since Ubah has not mentioned how he would go about it. However, for the benefit of those who might get swayed by his cheap claims, I'll say something.
---
The exchange rate (PRICE of dollars) is determined primarily by SUPPLY of dollars (through exports, FDIs, foreign borrowing, etc) and DEMAND for dollars (through imports, payments of foreign school fees/medical bills, online purchases, etc). The NET flow of these transactions determine the Balance of Payments (BOP) account with the Central Bank. Elementary economics tells us that when demand exceeds supply, prices go up!
---
Coming back to Nigeria, it is well known that oil accounts for 95% of our FX earnings. As oil prices have collapsed from ~$100 in 2014 to ~$30, our supply of dollars has dropped tremendously. This is even worse when one considers that our cost of oil production is ~$20/bbl, meaning that our dollar revenue from oil has dropped from ~$80/bbl to ~$10/bbl. On the demand side, the request for imports are increasing. With such supply shock and increasing demand, there is only one way for the exchange rate to go. This is basic economics and has nothing to do with Emefiele or Buhari, except you are simply being mischievous or grossly ignorant.
---
When oil collapsed from around $147 to $38 due to the 2008 Global Financial Crisis (GFC), Nigeria had a Foreign Reserve of ~$62bn. The then CBN Governor had to spend ~$20bn from the Reserves to meet import demand thereby preventing devaluation/depreciation. Between 2011 & 2014, oil price was above $100, meaning that the administration never had a dollar supply problem and so could maintain a stable exchange rate. Fast forward to late 2014 when oil prices slid to ~$60, the CBN had to devalue the Naira twice within a period of 6 months (Nov 2014 & Feb 2015) because the Reserves were too low (<$35bn) to deplete to support imports. Now in 2016, oil prices are around $30/bbl while FX Reserves is less than $28bn. The supply shock has reached unprecedented levels, yet demand for imports has not decreased. There is absolutely no way that the exchange rate can stay below N250/$. Simple economics says that price will continue to move till a new equilibrium is reached where demand equates supply.
---
There is no policy from Emefiele, Soludo, Greenspan, Bernanke or any other Central Bank governor that can strengthen the Naira in the near term. Except we want to completely deplete the Reserves or go to the IMF to borrow SDRs just to meet import demands. Brace up folks, if oil price collapses to $20 (thereby increasing the supply shock) the exchange rate shall hit N1000/$ and I repeat, this has nothing to do with Emefiele or Buhari but simply economic forces. The only thing that can save the Naira is either for SUPPLY of dollars to increase (through high oil price) or DEMAND to reduce. Since we do not have control over the supply side, we can at least focus on managing the demand side.
---
So Mr Ifeanyi Ubah, you have zero knowledge on what you are talking about. With all the money you made from the last government, you can start by building a refinery or some other manufacturing facility (like Dangote) to help us substitute for imports. That would help the Naira more than you seeking cheap consultancy from the government. Or except you want to broker a deal for the government to give amnesty to your Dasuki-Gate friends, so they can bring out stashed up dollars from soakaways and graveyards to support the economy.

Nice talk, but Mr. Ubah is a businessman and he is advertising his products (ideas)..so it all depends on the government to patronise him or not.

LEXYCOM:
See where Val as landed u........odeeeeeee

the mumu na the new
Odeku 1 of Odee Community

dabimzy:
May 27th

same here born MAY 27th:-D
whatsapp >>08035173243

@OP i dont believe you untill you can get us PHYSICAL EVIDENCE that she was a model before that photoshoot....

Congratulations in advance to the Oluibadan designate

aaronson:
One thing for sure, linda is richer than wizkid and he just mean mugging on her, sort of jealousy.

unionbank marketer

EroticAngelina:
why can't u just be happy for her, publicity stunt or not.
someone's life was changed!

she is not his sister....so pls dearie enjoy your sunday

omonnakoda:
I don't think anyone can be worse than Iweala. In our history she is the Finance Minister that has received the most revenue and strangely the one who borrowed the most so add her borrowing to oil revenue she has had the most money to spend .What do we have to show for it? Oil price dropped and everything collapsed.

She received 52% of total revenue from Federation account and spent it all and blamed the governors for that because they rightly insisted on their share which was less that 30%
Why did she not save the FG share?

if i throw you inside Nigeria's money am not sure you will remember this your calculation....

Super1759:
Am suspecting this news...this man does not wana vote
Forget stories

you are so so right

praxs:
Check ur mail, let me know when its delivered

please also forward to my mail: obiemeka2k2@gmail.com

thanks so much

QuiverBox:
What Change?

How many PDP Decampees do you have in APC

Mention one of the decampees that has made 100% restitution of wealth stolen.

The same Change you are talking about , is full of corruption - Go to Kwara, Kano, Zamfara , Edo etc and see corruption, you sit and shout corruption at federal level, which APC state Governor is Not corrupt?

Thanks
am still trying to understand the difference between these two words "Transform" and "change" buh still yet I can't, all these politicians TRANSFORM from one part to another and CHANGE their AGE claiming to be young so that they can keep ruling us....until all the politicians in this country old and past from the president down to the ward leaders can come out boldly and declare all* their assets to the public there will be CHANGE but if they can't do that then let the TRANSFORMation continue cos by 2019 the youths will be the leaders of tomorrow and that's what I call the true CHANGE.
APC and PDP I wish you both luck in this election and if truly you want a free and fair election why don't you bring in EVM (electronic voting machines) rather than the card readers..
if INEC is still distributing PVCs uptill now why will some people be angry when the election date was postponed?? that to me is a act or attempt of rigging

raytony: At least he left that Agbero club with his head held high. Useless bunch of fans.

UNITED

Is that the new pros.titute in town??

sexymoma: make una watch o dis yeye tin fit make Front Page, walai if e make front page, i go vex go jump inside lagoon...

It made front page,the lagoon iz waiting and don't keep the fishes waiting goodbye.

Wyclef and Vector

2face and trey songs or neyo

torhuke: Please What time is Man-U vs Chelsea Match and who is playing @ home

Lemme knw wen uy gt d time.......I guess uy pple shld go n chck wot is d meaning of cult in d dictionary.

Lee lee ndi owo
Ha chori irim..........ghostmode

1st commentian

GGMU

COMPANY NAME -- ORIGIN/MEANING

1) MERCEDES -- name of the daughter of the founder.
2) NOKIA -- name of a city and a river in Finland.
3) PEPSI -- named from the digestive enzyme "PEPSIN".
4) HONDA -- from the name of its founder; "SOICHIRO HONDA".
5) SONY -- from the latin word; "SONUS" meaning sound.
6) MAGGI -- food company named after its founder; "JULIUS MAGGI".
7) SUZUKI -- from the name of its founder, "MICHI SUZUKI".
SAMSUNG -- meaning "3-stars" in KOREAN LANGUAGE.
9) TOYOTA -- from the name of founder, "SAKICHI TOYOTA".
10) YAMAHA -- after "TORAKUSU YAMAHA". who founded the company.
11) FORD -- named after founder "HENRY FORD".
12) ADIDAS -- from the name of the founder "ADOLF {adi} DASSLER {das}".

Magaciouz

Now that am planning on settling down with my babe and he iz back......am changing state seriously


Maka Ngbawa Aka

[quote author=mama-gee]She looks good but she's fat!!![/quote]She aint fat.....She iz Fabulous n Gorgeous
Wwwooooooooooooooooowwwww

[quote author=mama-gee]She looks good but she's fat!!![/quote]

Learning aw to kuk wt shades on!!!!!dz f**l z a big joker
I guess he wnts to wield d food n not kuking it.....jim okpo