₦airaland Forum

Lagos is a failed state

chigoziri2403:
If the Nigeria police want to work, they do it with precision

but in the case he was caught by a mob .not the police

Where is Debby bozoum and bubu today ?

9ja Na shithole

Negotiating with Fulani terrorist is treason .. they should be lined up and shot at the stakes

APC has destroyed this nation

It only happens in Buhari and Tinubu's Nigeria

Did Reno omokri pay Nairaland?

They seem to be obsessed with his fullish personality

Lol

Hnmmm

First of all , are you obedient ?

I spent 60k yesterday alone

Fira09:
False news, Mynd44 won't delete or lock this thread but let it be fake news again Tinubu/APC, dude will lock it down swiftly.

I just tire for NLand mods.

No mind mynd44. He-she dey eff up

Nigeria no.get judiciary

Hnmmm

Fulani herdsmens are not playing

TemplarLandry:
The problems are his names and the part of Nigeria he hails from. The Nigerian Passport isn't the problem. Deal with it.

dumb head .. no more songs to dedicate ?😂😂😂

Mama hold your head and cry , cuz a man got shot in the street and died.

Yours is madness spiced with insanity

Nigerians should rejoice that Wike never became president

From the diagram i saw..it's an inland road and not a coastal road

When Yorubas were Incharge of Theatre, people were not buying Local films to Watch in their homes - Kannayo O Kannayo counters actress who said Yorubas started Nollywood | #IgbereTV

"Kenneth Nnebue, an Igbo man was producing Yoruba movies, then in 1991/1992 wrote a script titled ‘Living in Bondage’.

"Before then, the theaters belong to the Yorubas, no argument about that, but people were not buying local films to watch in their houses except foreign films. Immediately Kenneth Nnebue made ‘Living in Bondage’, it caught like wild fire and almost everybody bought into it, so home videos became a trend and a trade"

"Some left the business they were doing before to invest in movie production. The coming of ‘Living in Bondage’ gave rise to what we have today as Nollywood" he said.

A high exchange rate for the naira (meaning a weaker domestic currency relative to the US dollar) can have several negative implications for an import-dependent economy like Nigeria :

Higher Import Costs: A weaker domestic currency means that it takes more of the domestic currency to purchase one US dollar. This leads to higher costs for importing goods and services priced in dollars, making imports more expensive. Import-dependent economies rely on foreign goods, so this can result in increased prices for imported products, which can lead to inflation.

Inflation: The increase in import costs can contribute to inflation in the economy, as businesses may pass on the higher import costs to consumers in the form of higher prices for goods and services. This can erode purchasing power and reduce the standard of living for consumers.

Trade Imbalances: A high exchange rate to the dollar can worsen a country's trade balance. When imports become more expensive, it can reduce the demand for foreign goods, but it may not necessarily lead to a corresponding increase in exports. This can result in a trade deficit, where a country is importing more than it is exporting.

Reduced Competitiveness: Domestic industries may find it challenging to compete internationally when the exchange rate is high. Their products become more expensive for foreign consumers, potentially reducing exports. This can negatively affect industries that rely on international markets.

External Debt Burden: If the country has significant external debt denominated in foreign currencies, a high exchange rate can increase the cost of servicing that debt. It makes it more expensive to repay loans and interest in foreign currency terms, potentially straining government finances.

Capital Flight: Investors may be less inclined to invest in an economy with a weakening currency, fearing that their investments will lose value. This can lead to capital flight, which can destabilize financial markets and reduce foreign investment.

Uncertainty: A highly volatile exchange rate can create uncertainty for businesses and investors, making it difficult to plan for the future. This can deter foreign direct investment and hinder economic growth.

To mitigate these negative implications, governments of import-dependent economies like Nigeria may implement policies such as currency interventions, monetary policy adjustments, or trade policies to stabilize the exchange rate and address the challenges posed by a high exchange rate to the dollar.

There is no profit in crime .

Hilda baci na runs girl for LEKKI naaa.. why are you guys hyping her unecessary

Lovely boy.

Lovely

Most of the houses in ekiti are built of mud..

It's a large abulé

Ok

Tinubu looks confused.. he should handover to Peter obi AND rest. Obi will change Nigeria to Hong Kong . Buhari was a thief , and if Tinubu do not wise up ,he may fail too. Although I see some element of progressiveness in him. He could succeed if he shares presidential power with Peter obi