₦airaland Forum

This is what greedy and selfish people have reduced Nigeria to

rock86:
Stay away from Credit card.

A victim?

Animals are animals for a reason.

KAM3KAZI:
I don't think those guys are really from Oshodi, they might have a been exposes to Nigerians and our culture but it feels like they are finessing is

Whether Nigerian or Asians, that's the norm in street markets across uk.
They even call out customers like us.
If it's perishable like okro and they know that they will not sell it the next day, you can haggle price with them.

Onana70k:
There's beauty in Diversity of our Ethnicities.
You can see how structured and organized their markets look. Items well packaged. We'll get there someday

That is the normal farmers market. Whether Nigerians , Asian or brits, that's how they display their wares. No strange thing. It's diff from shops.

Swiftgrp:
@descarado

What you posted is partly INCORRECT!

The Yoruba religion [Ifa] does NOT encourage blood shed of humans for rituals as this is a VIOLATION of the spiritual laws. Yoruba religion believes STRONGLY in Karma or the law of what you sow you reap and this is why Babalawos [or Ifa Priests] emphasize on their disdain for ritual killings of humans for money and they had even embarked on electronic and print media sensitizations in the past condemning the Nigerian movie industry stereotyping of Babalawos as the ones responsible for ritual killlings. Onisegun is the Yoruba name for a herbalist [NOT Babalawo] who is simply a Priest like a pastor or imam.

Indeed, fortunately I have a vast knowledge in this field for decades now and just like you said, the Yoruba religion is part of VODUN [NOT Voodoo]. Vodun which simply means POWER [referencing the Supreme God] is a mix of Yoruba, Fon and Ewe religious beliefs. This is due to the FACT that Yorubas, Ewes, and Fons were taken in significanr large numbers to Haiti and other nearby Caribbean Islands in the 1700s.

In Cuba and Brazil, because Africans were NOT alllowed to practice their religions including those who were Muslims who were NOT allowed to do their daily 5 times a day prayers, the Yorubas who constituted a third of Africans brought to Cuba in the 1800s found a way of hiding all the Yoruba religion deities behind the Catholic images to deceive the Spanish especially in the 1800s. The Catholic images represent a symbolic image of the spiritual deities in the Yoruba religion. That is how Santeria came into being!

Voodoo is a Hollywood creation to stereotype Haitians and Haitians have over the years protested about the wrong categorization of their religion by Hollywood and adaptation of a fictional novel depicting Haitians sticking pins into a doll. Becuase the Haitians kicked out the French in the Haitian Revolution of the late 1700s, it sent FEAR into the hearts of other White slave-owning colonies, so, they began to spread malicious stories about Haitians of African descent to tarmish their image and that is how the fake Voodoo stories started until it got adapted into insidious Hollywood industry.

The real spelling of the religion is Vodun or Vodou NOT Voodoo. Vodun is what it is called indigenously in Benin Republic and Vodou in Haiti because of the French phonetic influence.

I don't get you.
Whether it's voodoo or vodun, it's practiced in Hollywood as senteria a fusion of the vodum and catholicsm.
It's littered all over youtube.
You should have checked what santeria is and what they worship first.
Was shocking to me when I first stumbled on it and decided to check it out.


Also ritual killing for money is an imported culture in igboland.
Do your research very well

ChangedMan1999:
Biko world fastest animal is the Peregrine falcon, not cheetah.

It is Cheetah when you are talking about land animals


But in general it is Peregrine falcon

Air yes,
Land cheetah.
The two are incomparable

.

ewedunamala:
Who are those culturally supportinf human rituals through oro festival?

It's voodoism.
Yoruba culture is embedded in voodoo. It's part and parcel of them.
Voodoo requires blood.

During slavery, this voodoo is practiced by the yoruba slaves all over the world.
In Cuba for example, they merged it with catholism to form senteria and this is common in Hollywood.
Jlo practices senteria.

Every government keep on buying patrol vehicles for police. Seems to like its mandatory now.
No maintainance culture. Some have already become private vehicles. Another four yrs,new govt will buy again.

cococandy:
This meal looks so good.

Grainy rice. Salad not drenched in dressing and the meat doesn’t look too dry. 👍🏾

Thanks
Compliments of the season

This is not an excuse to justify what happened.

This might help.

Table of Contents
Guide to Forex Trading Strategy & Education
Why the British Pound Is Stronger Than the U.S. Dollar
By Brian Dolan Updated October 27, 2024
Reviewed by Samantha Silberstein
Fact checked by Vikki Velasquez
Pound Coins and Bank Notes


TEK IMAGE / SCIENCE PHOTO LIBRARY / Getty Images

Historically, the British pound (GBP) has been stronger than most currencies, including the U.S. dollar. In 2007, the value of the GBP hit a record doubling the value of the U.S. dollar.
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As of 2024, the British pound is the fourth strongest currency in the world, maintaining a steady value of over 1.20 USD including an exchange rate of 1.30 as of October 2024.
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The value of the British pound is explained by a combination of factors, like interest rates, inflation, and the overall state of the economy. The strength of the GDP is driven mainly by the fact that the Bank of England, which issues the currency, has played an active role in international economic developments. However, in recent years especially since Brexit, the GBP has weakened due to higher interest rates and fear of a recession, while the U.S. dollar has strengthened.

Key Takeaways
For more than 20 years, the British pound has been stronger than the U.S. dollar in nominal terms.
Brexit weakened the British pound on a structural level.
Lack of market confidence in both the government of then-U.K. Prime Minister Liz Truss and Trussonomics further weakened the pound.
The jettisoning of the Truss tax cuts by Jeremy Hunt, the current Chancellor of the Exchequer, seems to have stabilized markets and consequentially halted the decline of the pound.
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A Brief History of the U.K. Pound (GBP) vs. the U.S. Dollar (USD)
Before World War II, and arguably before World War I, the British pound (GBP) was the primary medium of foreign exchange, giving it a nominal premium over other currencies including the U.S. dollar (USD), with a pound (£1) fetching $5 and more. After WWII, however, the USD began its rise to become the preeminent currency in international trade and a global store of value.
6

For example, as of the end of 2022, the USD comprised 58% of global foreign exchange holdings.
7
Starting from those lofty valuations, the USD began to supplant the GBP, leading to a long slide in the GBP/USD rate over the succeeding decades.

The British pound (aka the sterling) has been nominally stronger than the USD for most of the past few decades, making a high of just over 2.00 USD per GBP around the time of the Great Financial Crisis (GFC) of 2007–2009. The GFC saw investors flee to the USD and out of the pound, among other major currencies. Once the GFC dust had settled, the GBP dropped to the 1.40–1.45 level.
6
The GBP weakness was more a case of panic buying of the USD than any GBP-negative issue, as other major currencies weakened sharply against the USD as well (see long-term chart below).

GBP history
In subsequent years, GBP/USD fluctuated between roughly 1.40 and 1.70, but then came Brexit in June 2016, when the United Kingdom surprisingly voted to leave the European Union (EU). The pound was knocked down virtually overnight from the 1.40–1.45 area to the 30-year low of 1.32, where it remained until recent events and market dislocations.
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The culprit this time is a combination of factors, chief among them USD strength due to widening interest rate differentials in the USD’s favor. Along with higher relative interest rates, the U.S. economic outlook is reasonably positive, while market watchers are soon to declare the U.K. is in or near recession. The pound is not alone in being sold against the USD, as investors fear a global recession and favor the greenback as a safe haven in times of economic distress.

Nominal Value vs. Relative Value
The nominal value of a currency is relatively arbitrary. What matters is how the value of that currency changes over time relative to other currencies. For more than 20 years, one U.S. dollar has been worth less than one British pound.

As of October 2024, the dollar was sitting at around 1.30 to one pound.
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This is down from 1.68 in May 2014 and 1.40 in March 2018.
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This trend is indicative of deteriorating economic conditions in the United Kingdom, mainly from Brexit, combined with an improving U.S. economy.

In September 2022, the GBP fell to about $1.03 USD, marking the lowest price for the pound against the U.S. dollar in over 30 years.
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It’s also worth considering that many more dollars are in circulation than pounds. As of April 2024, $2.348 trillion U.S. dollars were in circulation.
14
By contrast, the total pounds in circulation come to a mere £ 81 billion.
15
To draw an analogy, the 2020 market capitalization of Berkshire Hathaway Inc. (BRK.A, BRK.B) was much lower than that of Microsoft Corp. (MSFT) despite the fact that Berkshire Hathaway’s share price is much higher.
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This is because there are many more outstanding Microsoft shares than Berkshire Hathaway shares.
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Consequences of Brexit
On June 23, 2016, British citizens went to the polls and voted in favor of a referendum to leave the EU, of which the country had been a member since 1973.
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The Brexit, or British exit, came about as a result of a populist movement that had grown weary of ceding control of laws and regulations to outside forces in Brussels. There was also a fear of the effects of what was viewed as unchecked immigration. Economists, most of whom were confident that Britain would vote to remain in the EU, warned of economic consequences that would result from Brexit.

The vote in favor of Brexit shocked oddsmakers and roiled world markets. It also had an immediate and pronounced effect on the British pound, which declined in value by more than 8% in the 24 hours following the vote.
23
This is another example of relative value trumping nominal value. While the pound remained stronger than the dollar in nominal terms, investors still abandoned the currency, citing its precipitous decline in relative value.

The pound has been turbulent and volatile since the 2016 Brexit announcement. Near the end of 2016, the GBP/USD reached lows of around 1.20. There was a slight rebound in 2018, peaking at around 1.40 in April of that year.
9
Most recently, the sterling was trading roughly 1.2588 against the buck, owing to concerns over global growth, the risks of a U.K. recession, and interest rate differentials vastly in favor of the USD.
3
Market speculators may very well make a test of parity (1 GBP to 1 USD) and even lower, potentially giving the USD a nominal value above the GBP.

Why Has the British Pound (GBP) Maintained a Nominal Premium to the U.S. Dollar (USD) for All These Years?
Much of it has to do with the starting point of GBP/USD more than a century ago. The sterling has been in a long downward slide against the greenback for many decades, owing to the USD’s rise to prominence, the growth of its economy, and GBP negatives, such as Brexit and a widening interest rate gap against the sterling, to name a few current factors. The nominal premium is not carved in stone, and speculative and macroeconomic developments may soon see the pound give up its nominal premium.

Does It Matter If GBP/USD Falls Below Parity?
It would certainly be a blow to the United Kingdom’s ego, but it won’t make a significant change to global currency valuations. A weaker pound is a double-edged sword for the U.K.: A weaker currency is good for exports, which can bolster the economy, but a weak currency is also a driver of inflation (imports are more expensive), which the Bank of England (BoE) is legally obliged to contain. The risk is that a downward move in GBP/USD could become disorderly, for which the U.K. would need outside help (think the Group of Seven [G-7]) to contain or slow the decline.

Which Is More Important to the GBP: Nominal Value or Relative Value?
A weak pound is a nominal construct as far as exchange rates go. However, if the sterling is seen to be diverging from other currencies as well—i.e., its relative value is falling across the board—it could provoke a run on the GBP, with speculative sellers as the driving force behind that selling.

The Bottom Line
The British pound (GBP) has enjoyed a nominal premium to the U.S. dollar (USD) for many years, owing both to historical convention and the Bank of England’s willingness to intervene in times of crisis to defend the pound. The resignation of Kwasi Kwarteng as Chancellor of the Exchequer and the subsequent collapse of the Liz Truss government seem to be acting as a stabilizing influence on the GBP.
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The sterling now appears to be holding steady, with the exchange rate at $1.30 USD to £1 GBP as of October 2024.
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Did I read well?
30 what?
Jesu!!

Common people
Where is common sense?

Seems I am giving somebody orgasm.
E pain am so much.

I don't give a fk about irrelevant people. Boy, you are very irrelevant. I can come back in one or 2 weeks time to trigger you.

If looking at a blender someone bought will make you say the person is rich, you are swimming in absolute poverty dear.
10 monickers talking to himself 24hrs.

You can join me if you like.
There is always table for 2.
I am not a bitter person

Lots of them in the entertainment industry.

Mariangeles:
That's a lie.

Maria, unknown gunmen,bokoboys and skull miners have already taken number one spot.

I am yet to add jealousy lovers. Boyfriends and girlfriend included.
Or our army?
6.7 per 1000 is very low compared to Nigeria this year.
12. Something per 1000 in Nigeria as at 2022.
It's even more last yr and the beginning of this year.
Sweetie stat don't lie.

Nigeria don't fight war but we die like country that's in a war.

boxypane:
Oga own up. You people are sadists. And it's so appalling dragging others into your crime scene... Insecure people.

Who are the u people?
It's always good to do little background check before you want to quote someone online.
Team follow the crowd. That's what we are very good at. No substance and can't sustain the tempo if stat is shown.
Park for one side abeg.

MondayOmoAdugbo:
It happens everywhere/anywhere Man, C'mon.

Thank you.
See as we jumped to attack them when it very common among us.
What about herdsmen, boko boys, unknown gunmen and skull miners?

Mariangeles:
You see South African men ehn? They are the most wicked set of monsters that ever walked the surface of the earth.
To abuse and even kill their women is nothing to them.

It happens at our doorsteps too.
A lot.
Google Nigerian men kill girlfriend or ex girlfriends and feed your eyes.

The world is bad everywhere. We kill and maim in Nigeria more than south Africa.
Stat don't lie.

hassan4:
If not Kenya, it's South Africa.

So the killing in Nigeria are fake?

madridguy:
The government should crush his body into pieces and let dog eat it.

So you will feed your dogs human flesh

bemeruca:
Some are calling ABC cowards for folding so easily. They said they could have fought because Trump is a public figure and the bar for defamation is so high.

The thing is, the system is setup to protect these media else they'd be out of businesses by now. They lie 24-7

Hmm.
Makes sense.

Konquest:
The cult-following of Chris in SA is on another level.

I love breezy.
Praying he will come my side.

JohnBullMySon:
Cho Cho Cho. Talk only Wetin you know oh. Cos this statement is pointed 180 degrees away from the truth.

Go get job with your PhD then.
People who live in fantasy land.

onatisi:
lolz ,I leave the whole social media to judge your statement bro.
If people coming to watch musical event and concert translate to the fact that the country is rich ,then sorry bro . I can't argue with you . Have a nice day

No need for that.
He sold out all his tickets. Then did second performance for those who couldn't get ticket the first time meaning he sold more. That was not the plan. You know what that means. Na person wey chop dey buy ticket for show.
We no reach as we can't afford that. It can never happen in my country. Leave it, we will never win this so we better chose our war carefully. No one send Nigeria. We can only attract people who only perform in clubs or hotels like Cardi b.
U don't know how poor we are that basic things are seen as luxury.
Na only mouth we get.

LilMissFavvy:
Must he work in a bar? Why can't he go into farming? It doesn't matter ones qualification, farming is a readily available source of income.

He can trade.
Go to all major markets in Nigeria, contrary to what people believe,majority are graduates. Some are masters degree holders.
If they can just humble themselves.

Flangelo12:
I have seen many.

Student loans are what they are...loans.

No guarantee you get a job.

Imagine completing a PhD in Philosophy for instance.

There are many.

Why will you start PhD when you are not in that field.
Zero experience. What are you studying then?
You got to be working in that field to go for PhD.

And depending on where you live, you will get student loan. The % you pay every month is negligible. And if you are not working, you don't pay back. If you don't earn up to a certain threshold, you also don't pay back.
That is for where I live anyway. I don't know about others.
I will rather pay a student loan back that will impact on me than the latest car in town or mortgage.

onatisi:
So people filling a stadium is now a measure of a country richness and standard
Jezzz

Are you richer than south Africa?
And yes, it is.

Now that ABC network has agreed to pay 15m dollars for defamation, who next?
All the Russian gate and what have you. When journalists become activists. Even lovers of United States saw what was happening from far. It was very disgusting.

onatisi:
the same south Africans we see daily with no jobs, in shanty houses and shelters, i think you have forgotten that the world is now a global village , nothing is happening n South Africa that the whole world can't see. ok keep living in your dreams bro

E don do. Face your life and let them face theirs.
Haba.

If chris were to come to Nigeria, the stadium will not be this packed to the brim. 74thousand seat capacity, we can't do that. Na the jobless hungry south Africans filled that stadium.

You guys should know when and where to pick your fight.
Davido benefited from those hungry people.
Nigerians are migrating there every day.

Your economy is not better than theirs.
Before you start pointing fingers, take a look at your bedroom first.
A country that can't stand one another ethnically and religiously is talking about another country.
It's nauseating.

Not a fan but I choke my mouth where it matters.
Wonder what we think we have except the most corrupt and poorest country in the world status. Let that sink in.