This paddy_lo guy is not genuine. He did not take a single picture by himself. He went through lagos pictures on skyscrappercity.com and lifted only the good pictures of Lagos island and left out the real pictures of Lagos. Stop flooding this forum with your plagiarised pictures.
For confirmation, check out the following links

http://www.skyscrapercity.com/showthread.php?t=515151&page=8
http://www.skyscrapercity.com/showthread.php?t=928734

Can you please show us some pictures of public schools, hospitals and probably other parts of Lagos?
Not everybody is rich enough to live in all these places shown. Enough of these buildings built probably with looted funds and show us where the not so rich people live. One does not have to be extremely rich to enjoy certain basic thing of life.

This is the link

http://www.pointblanknews.com/os2446.html

I laugh when Nigerians talk about forgiveness and quote the Bible. Religion is one of the major problems we have right now. IBB and his group in Nigeria laid the foundation for the horrible things happening in Nigeria today. Look left and right every country is competing for development . In Nigeria one cannot even point to any good thing except that majority wants to leave and go somewhere else. Many Nigerians abroad are more or less stuck wasting away. I do not feel any pity for this family. Whatever bad thing happens to them is what they deserve. I hope somebody can provide their phone # in the US on this forum so that we can at least express our disdain and hatred for this family.
Like somebody said the Nazi's are still being haunted by the Jews for the atrocities committed 60 years ago. IBB, his family and his group should not be treated differently. Bastards!!!!!!

The spirit of Dele Giwa is surely fighting back. Babangida deserves all the horrible things in life.

Deep Soul:

MAke we do Mathematics:

If you get 13yrs for every $500,000 stolen,

$1bn = X

$1bn/ $500, 000 = X
Ther4, X x 13yrs = 260,000 yrs

P:S : I was never really good @ Maths so 4give me if I make mistake

The correct answer is 26,000 years not 260,000.

more pic

Eko oni baje

Yes you can. As long as you do it legally. A good quality life involves more than money. What you see, feel, hear, availability of the basic necessities of life water, electricity, food, access to good education, health care facilities, roads, emergency services, security, new technology, future opportunities, and so on and so forth determine one's quality of life. A million naira a month income in Nigeria does not guarantee you all these. You have to pay through the nose to access all these and still no guarantee. For example Private secondary schools where students pay N600,000 per term in Nigeria are no better than public schools here in terms of facilities and and the quality of education. In fact it is only in Nigeria where you see people who are billionaires and still wish for their kids to live abroad. I have friends whose parents have money back home and still come here to struggle. So my friend the decision is yours as long as you do it legally. Nigeria is an unusual country.

Good for Boy George and what is EFCC doing about these cases below?

NAME. TRIAL COURT. CASE STATUS. AMOUNT INVOLVED. STATUS OF SUSPECT (S). REMARK

1. Ayo Fayose (Former Governor of Ekiti State) Fed. High Court, Lagos Arraigned on 51 state counts. Plea already taken but defence lawyer keeps filing frivolous applications for long adjournments to frustrate and prolong trial. N1.2 Billion. Granted bail by court since 2007 – Inherited. Case filed since 17th Dec.2007.

2. Prof. Adenike Grange (Former Minister of Health) FCT. High Court, Maitama. Arraigned on 56 state counts. Plea already taken. Defence lawyer often seeks long adjournments to prolong trial. Matter adjourned to Oct 27. N300 million. Granted bail by court since 2008 – Inherited. Case filed since 2nd April.2008 .

3. Joshua Dariye(Former Governor Plateau State) FCT High Cou, Gudu. Arraigned on 14 state counts. Plea already taken but defence lawyer challenged court jurisdiction. Case stalled at HC while on appeal for stay of trial. This is part of calculated attempt to prolong trial N700 Million. Granted bail by court since 2007 – Inherited. Case filed since13th July 2007 .

4. Saminu Turaki (Former Governor, Jigagwa State) FCT High Court, Maitama. Arraigned on 32 state counts. Plea already taken but defence lawyer challenged court jurisdiction. Case stalled at HC while seeking stay of trial at appeal court. It is part of usual attempt to frustrate and prolong trial. N36 Billion. Granted bail by court since 2007 – Inherited. Case filed since13th July 2007 .

5. Orji Uzor Kalu (Former Governor, Abia State) Fed. High Court, Maitama. Arraigned on 107 state counts. Plea already taken but defence lawyer raised preliminary objection against charges. Lost at trial court but has gone on appeal to stay trial. It is part of usual attempt to prolong trial. Further hearing for Nov 3. N5 Billion. Granted bail by court since 2008 – Inherited. Case filed since11th June 2007 .

6. James Ibori (Former Governor, Delta State) Federal High Court, Asaba. Arraigned on 170 state counts. Defence lawyer challenged Kaduna Fed. Court jurisdiction, lost at trial court but won at appeal court. Case re-assigned by CJ to Asaba FHC. Without taking plea, suspect applied to quash charges, prosecution opposed application and ruling for Nov 2009. N9.2 Billion. Granted bail by court since 2008 – Inherited. Fresh charges filed In August 2009 .

7. Iyabo Obasanjo-Bello (Serving Senator) FCT High Court, Maitama. Arraigned on 56 state counts. Plea already taken but case stalled as defence lawyer filed to challenge charges. Application pending for determination. This is part of frivolous applications to delay trial. N10 Million. Granted bail by court since 2008 – Inherited. Case filed since April 2 2008 .

8. Lucky Igbinedion (Former Governor of Edo State) Fed. High Court, Enugu. Arraigned on 191 state counts. Applied for plea bargain &Convicted but EFCC has appealed the judgment to seek for stiffer sanctions. N4.3 Billion. Case determined 2008 – Inherited. Case filed on 23rd Jan.2008 .

9. Gabriel Aduku (Former Minister of Health) FCT. High Court, Maitama. Arraigned on 56 state counts. Court judgment on no case against suspect under review by EFCC. N300 Million. Case determined in 2008 – Inherited. Case filed on April 2nd 2008.

10. Jolly Nyame (Former Governor of Taraba State) Fed. High Court, Abuja. Arraigned on 21 state counts. Plea already taken but case is stalled as defence lawyer challenged court jurisdiction. Lost at HC,Appeal court, now before Supreme Court. This is a typical example of frivolous appeals to buy time and prolong trial. N180 Million. Granted bail by court since 2008 – Inherited. Case filed since13th July 2007 .

11. Chimaroke Nnamani (Former Governor of Enugu State) Fed. High Court, Lagos. Arraigned on 105 state counts. Plea already taken but case is stalled as defence lawyer filed to transfer case to another judge on allegation bias against trial judge even as counsel has again filed to challenge court jurisdiction. This is equally an attempt to prolong trial. Case comes up Oct.22. N5.3 Billion. Granted bail by court since 2007 – Inherited. Case filed since11th Dec.2007 .

12 Michael Botmang(Former Governor of Plateau State) Fed. High Court, Maitama. Arraigned on 31 state counts. Plea already taken but trial stalled due to suspect’s ailment, on dialysis. Trial billed to resume October 16. N1.5 Billion. Granted bail by court since 2008 – Commenced by Waziri on 18th July 2008 .

13. Roland Iyayi (Former Managing Director of FAAN) FCT High Court, Maitama. Arraigned on 11 state counts. Plea already taken. Trial on-going Court taking prosecution witnesses’ testimony. N5.6 Billion. Granted bail by court since 2008 – Commenced by Waziri in June 2008.

14. Nyeson Wike (Serving Chief of Staff to Governor of Rivers State) FCT High Court Maitama. Arraigned on state counts. Court quashed charges. EFCC already appealed judgement. Appeal pending at appeal court. N4.670 Billion. Granted bail by court since 2008 – Commenced by Waziri on Oct.9 2008 .

15. Eider George (Austrian Business man) FCT High Court, Maitama. Arraigned on 11 state counts. Plea already taken and trial on-going. Prosecution witnesses undergoing cross examination. Continuation of trial fixed for Nov.17. Granted bail by court since 2008 – Commenced by Waziri in June2008 .

16. Kenny Martins (Police Equipment Fund) FCT High Court, Maitama. Arraigned on 28 amended state counts. Plea already taken and trial on-going. Witnesses under cross-examination. Continuation of trial fixed for Nov 9. N7,740 Billion. Granted bail by court since 2008 – Commenced by Waziri in June 2008 .

17. 13 (Thirteen) Filipinos (Charged for Oil Bunkering) Fed. High Court, Benin. Arraigned on state counts, convicted at the close of trial and sentenced to 65 Years altogether . N300 Million. EFCC returns to court to seek forfeiture of vessel used for oil theft Oct 23 slated for adoption of written addresses on that – Commenced by Waziri in 2009 .

18. 6 (six) Ghanaians (Charged for Oil Bunkering) Fed. High Court, Benin. Arraigned on state counts and trial Commenced. Prosecution closed case, matter adjourned to Nov 4 & 5 for defence to close. N250 Million. Granted bail by court in 2009. – Commenced by Waziri in 2009 .

19 Patrick Fernadez (Indian Businessman) Fed. High Court, Lagos. Arraigned on 56 state counts. Plea already taken and trial commences Nov 2009. N32 Billion. Granted bail by court in 2009 – Commenced by Waziri in June 2009 .

20. Prof. Babalola Borishade (Former Minister of Aviation) FCT High Court, Maitama. Arraigned on 11 state counts. Plea already taken and trial on-going (N5.6 billion) Prosecution witnesses under cross-examination. Nov.17 fixed for continuation. N5.6 Billion. Granted bail by court since 2008 – Commenced by Waziri in June 2008.

21. Boni Haruna (Former Governor, Adamawa State) Fed. High Court, Maitama. Arraigned on amended 28 state counts. Plea taken. Adoption of motion slated for Nov. N254 Million. Granted bail by court since 2008 – Commenced by Waziri in 2008 .

22. Femi Fani-Kayode (Former Minster of Aviation) Fed. High Court, Lagos. Arraigned on 47 state counts . Plea taken but case stalled as a result of trial court’s refusal to admit e-print of suspect’s statement of account as evidence. EFCC on appeal against the decision. Matter pending at appeal court. N250 Million. Granted bail by court in 2008 – Commenced by Waziri in 2008 .

23. Prince Ibrahim Dumuje (Police Equipment Fund) FCT High Court, Abuja. Arraigned on 28 amended state counts. Plea taken and trial on-going. Prosecution witnesses under cross-examination. Continuation fixed for Nov 9. N7,740 Billion granted bail by court since 2008 . Commenced by Waziri in June 2008 .

24. Bode George (Chieftain of the ruling party, PDP) Fed. High Court, Lagos. Arraigned on 68 state counts. Plea taken and trial concluded. Judgement being awaited. N100 Billion. Granted bail by court since 2008 – Commenced by Waziri in Dec.08 .CONVINCTED AND IMPRISONED.

25. Rasheed Ladoja (Former Governor of Oyo State) Fed. High Court, Lagos Arraigned on 33 state counts. Plea taken and trial on-going. Prosecution witnesses slated for cross-examination in 9 Nov 2009. N6 Billion. Granted bail by court since 2008 – Commenced by Waziri .

26. Four Snr Zenith Bank Managers Fed. High Court, Port Harcourt. Arraigned on 56 state counts. Plea taken but case stalled over an injunction by Rivers State Govt, which is a party in the case to stop EFCC. Injunction being challenged at appeal court. N3.6 Billion. Granted bail by court in 2009 – Commenced by Waziri .

27. Mallam Nasir El-Rufai (Former Minister of Federal Capital Territory) Fed. High Court, Abuja. Arraigned on 8 state counts. Suspect charged for corruption and abuse of office. Plea not taken because suspect has refused to put in appearance and papers for extradition filed. Suspect at large – Commenced by Waziri .

28. Sen. Nicholas Ugbade, (Serving Senator) Hon. Ndudi Elumelu,Hon. Mohammed Jibo,Hon. Paulinus Igwe,(Serving Members of House of Representatives) Dr Aliyu Abdullahi (Serving Fed.Perm.Sec) Mr. Samuel Ibi.Mr. Simon Nanle,Mr. Lawrence Orekoya,Mr Kayode Oyedeji,Mr. A. Garba Jahun, (This is the Rural Electrification Agency Case involving a serving Senator, 3 serving members of the House of Representatives, the Permanent Secretary of the Ministry of Power and other high profile public officers) FCT High Court, Abuja. Arraigned on 158 state counts. Plea taken while prosecution has filed more charges against suspects. Matter stalled due to medical treatment of Hon.Igwe who was shot by robbers. Oct 29 slated for taking of plea on fresh charges. N5.2 Billion. Remanded in Prison Custody and later granted bail. Court in 2009 – Commenced by Waziri in May 2009 .

29. Prof B. Sokan,Molkat Mutfwang,Michael Aule ,Andrew Ekpanobi, (All Directors) Alexander Cozman (MD,Intermarket Ltd).(This is the UBEC case where high profile public servants connived with an American, Alexander Cozman to defraud the Government). Federal High Court, Abuja Arraigned on 64 state counts. Plea taken while more charges were filed against suspects due to appearance of Prof Sokan.Matter adjourned to Nov 9 for suspects to take plea on amended charges. N636 Million. Suspects remanded in prison custody and later granted bail by court in 2009. Commenced by Waziri on May 19 2009 .

30. Dr Ransome OwanMr. Abdulrahman Ado, Mr. Adulrasak Alimi,Mr. Onwuamaeze Iloeje, Mrs Grace Eyoma,Mr. Mohammed Bunu,Mr. Abimbola Odubiyi (This is the Nigeria Electricity Regulatory Commission case where the Chairman and his 6 Commissioners corruptly enriched themselves) Federal High Court, Abuja. Arraigned on 196 state counts. Plea taken. Trial billed to commence while more charges were filed against suspects. Further hearing slated for Oct 29 N1.5 Billion. Granted bail by court in 2009 – Commenced by Waziri on April 22 2009 .

31. Tom Iseghohi, Muhammed Buba, Mike Okoli, (GM&Managers of Transcorp Group PLC) Fed. High Court, Abuja. Arraigned on 32 state counts. Plea taken. Matter adjourned for commencement of trial Nov 9. N15 Billion. Suspects Remanded in Kuje Prison and later granted bail by court in 2009 – Commenced by Waziri in May 2009 .

32. Dr Albert Ikomi, Rtd Perm Sec, his firm, Satellite Town Dev Co Ltd. Fed. High Court, Ikoyi, Lagos. Arraigned on 4 state counts. Plea taken and Matter adjourned for hearing. N43 Million Suspects Remanded in Ikoyi Prison and later granted bail by court in 2009 – Commenced by Waziri in 2009 .

33 Dr Yuguda Manu Kaigama, Chairman, Taraba State Civil Service Commission. Taraba State High Court 5, Jalingo. Arraigned on 37 state counts . Plea taken and matter adjourned for trial. N17 Million. Suspect remanded in prison custody. Co-accused, Yakubu Danjuma Takun, at large. Commenced by Waziri on Oct.10 2009 .

34 Chief Joe Musa, DG National Gallery of Art, Olusegun Ogumba, Chinedu Obi, Oparagu Elizabeth, (All Directors of NGA). FCT High Court, Lugbe(Justice Olukayode Adeniyi) Arraigned on 12 state counts . Plea taken and defence lawyer filed applications to stall trial but lost the bid. Matter adjourned for trial Nov 19/20. N1.012 Billion. Suspects remanded in Kuje Prison and later granted bail by court in 2009 . Commenced by Waziri in July 20 2009 .

35 Dr Dayo Olagunju, Ex.Sec.National Commission for Mass Literacy, Adult & Non-Formal Education. Joshua Alao, Alice Abang, Jibrin Waguna, Ahmed Abubakar, Shehu Abdullahi, Dr Victoria King-Nwachukwu, Adamu Khalid, Moses Oseni, Francis Awelewa & Bashir Suleiman Fed. High Court, Abuja. Justice Anuli Chikere Arraigned on 17 state counts. Plea taken and Matter adjourned for commencement of trial Oct 22. N479 Million. Suspects remanded in Kuje Prison and later granted bail by court in 2009. Commenced by Waziri 24 July 2009 .

36 Hamman Bello Hammed, Ex-CG Customs, Hannatu Sulaiman, Tajudeen Olalere, Lukman Hussain, Popular Foods Ltd & Silver Maritime Shipping Coy Ltd. Federal High Court , Lagos. Justice Ramat Mohammed. Arraigned on 46 state counts. Plea taken Matter adjourned to Nov for trial. N2.5 Billion. Suspects remanded in Kirikiri & Ikoyi Prisons and later granted bail by court in 2009. Commenced by Waziri on 14thAug. 2009 .

37 Professor Innocent Chuka Okonkwo, fmr VC Imo State Univ, Uchechi Nwugo & Wilfred Uwakwe Fed. High Court, Abuja. Justice Mohammed Garba Umar. Arraigned on 14 state counts. Plea taken. Adjourned to Nov for trial. N145 Million. Suspects remanded in Kuje Prison and later granted bail by court in 2009 – Commenced by Waziri on July 30,2009 .

38 Dr (Mrs) Cecilia Ibru (Fmr CEO,Oceanic Bank PLC) FHC, Ikoyi, Lagos. Justice Dan Abutu Arraigned on 25 state counts. Plea taken and case adjourned to Nov for trial N160.2 Billion Suspect remanded in EFCC custody, but granted bail on 14/9/09 – Commenced by Waziri on Aug31 2009.

39 Dr Bartholomew (Fmr CEO,Union Bank PLC) Bassey Ebong, Henry Onyemem & Niyi Albert Opeodu (Ex-Directors, UBN) FHC, Ikoyi, Lagos. Justice Dan Abutu Arraigned on 28 state counts. Plea taken and case adjourned to Nov for trial. N187.1 Billion. Suspects remanded in EFCC custody, but granted bail on 14/9/09 – Commenced by Waziri on Aug31 2009 .

40 Raymond Obieri, (Fmr Chairman, Intercontinental Bank PLC) Hyacinth Enuha, Ikechi Kalu, C.A Alabi, Samuel Adegbite, Isyaku Umar, Sanni Adams. FHC, Ikoyi, Lagos. Justice Dan Abutu Arraigned on 18 state counts. Plea taken and case adjourned to Nov for trial. N131.8 Billion. Suspects remanded in EFCC custody, but granted bail on 14/9/09 .Commenced by Waziri on Aug31 2009 .

41 Sebastian Adigwe, Peter Ololo, Falcon Securities Ltd. FHC, Ikoyi, Lagos.Justice Dan Abutu Arraigned on 36 state counts. Plea taken and case adjourned to Nov for trial. N277.3 Billion. Suspects remanded in Prison custody, but granted bail on 15/9/09 – Commenced by Waziri on Aug31 2009 .

42 Okey Nwosu, FHC, Ikoyi, Lagos. Justice Dan Abutu. Arraigned on 11 state counts. Plea taken and case adjourned to Nov for trial. N95.1 Billion. Suspects remanded in Prison custody, but granted bail on 15/9/09 – Commenced by Waziri on Aug 31 2009 .

43 Alex Nkenchor, Ex-Bank Manager, Ebi Odeigah & GMT Securities & Assets Nig Ltd. Lagos High Court, Ikeja. Justice M.O Obadina Arraigned on 10 state counts. Plea taken and suspects still remanded in prison custody pending consideration of bail application. N860 Million. Suspects remanded in ikoyi prison. Bail application for consideration Oct 20 – Commenced by Waziri on Oct 13

SOURCE: efccnigeria.org

Travelling @ 100km/hr on that horrible road called expressway? Next time please drive carefully.

Can you show us the pictures of these places at night?

Nchara:

Live with the fact that your brothers are in the cooler. Wait for that Igbo man who sells fake goods to be caught. BTW, do you by any chance know the owner of the company that produces the teething powder (known as my pikin) that killed 100s of Nigerian children last year? Go figure!

I am sure the killer raw material must have been imported by an Igbo businessman or made in Aba.

Rebarobyn:

@wilywily
tribalism=ignorance

if you like whine from now till tomorrow about the yoruba people, out here we are all Nigerians, no one knows us by tribe so the earlier you grow up and out of your tribal sentiments the better for you, because I can tell you that Igbos dominate the retail drug business but in all honesty we all know that there are lots of honest and hardworking igbo people so no need for stereotyping, pls grow up!

Igbos are also known for selling nearly all the fake and substandard products in Nigeria today

Okaakoko:

Good people, Great Nation. we have got nothing to celebrate. today should be a day of serious prayer(s) and may be deliverance for this country. who knows? GOD may answer our prayers. our leaders need deliverance, we all need prayers for a better nation. so lets pray for our SICK COUNTRY NIGERIA

Prayer is not going to solve our problems. In fact our believe system is part of the problem we have in Nigeria. Solutions to our problems lie with Nigerians.

CarlosVent:

in awka here it exchanged at 159 when buying usd and 152 when seling.

pls whats d rate of euro and pounds both buying and seling?


THANKS A LOT NIGERIANS

Even here in the US, moneygram is N152.11 to $1.

iyibio:

this house look like a poor finish to me . the price is outrageous

I agree with you. The finishing is poor (the roof, painting and the whole structure is poor).

Fhemmmy:

Even the biggest fool is better than what we have now.

Will you join me in forming an exploratory committee for this guy?

He is at least better than what we have now.

This guy is good candidate for 2011. Can we all support him and what do you think?

Can I get a loan from Intercontinental? No collateral.

gowaga68:

good Morning all.

as of today rate is as follows

USD: we buy 167 ,we sell 169

GBP: we buy 258 and sell 261.50

Euro we buy not confirmed

am very very sorry,i quit promised calling but as humans i forgot cos of the nature of calls i do receive base on ikeja of a thing he never said i should come to ikeja.
Ikeja is a place we go ,had it been he said ikeja i would have been there.
so madam we are sorry.

Are you sure of the $ rate? I called my malam in Ikeja and he told me N155 as @ today?

say-d-fact:

at least ADENUGA's name was not included, maybe he is,

Adenuga fronts for IBB.

N157 at local airport Ikeja

Naira, 700k down
By Babajide Komolafe
Wednesday, August 5, 2009

The Naira yesterday depreciated heavily against the British pounds and euro, losing an average of 700 kobo against the two currencies in the parallel market.

Vanguard’s investigation revealed that the exchange rate of the pounds shot up by 600 kobo to N260 from N264 on Monday. Similarly, the exchange rate of the Euro rose by 800 kobo to N228 from N220.

Parallel market operators attributed the sharp depreciation of the naira against the two currencies to the recent depreciation of the dollar.

This, they said, diverted foreign exchange demand for the dollar to the two currencies.The exchange rate of the two currencies had remained stable in the market for some time due to weak demand.

But yesterday, the situation changed as more and more foreign exchange end-users demanded the two currencies.

It would be noted that the naira has persistently depreciated against the dollar since the reintroduction of Wholesale Dutch Auction System (WDAS) last July 13.

Yesterday, the naira depreciated further by 50 kobo at the official market where the exchange rate rose to N150.25 per dollar from N149.75 per dollar.

Prior to WDAS, the exchange rate was N146. Hence, with the increase to N150.25 yesterday, the naira has depreciated by 425 kobo under WDAS.

At the inter-bank market, the naira depreciated by 866 kobo as N156.84 exchanged for one dollar last week as against N148.17 at the beginning of the month. Last week the naira lost 400 kobo to the dollar at the parallel market as the exchange rate rose to N158 per dollar from N154 per dollar.

The persistence depreciation of the naira is however attributed to foreign exchange speculation resulting to increased demand for foreign exchange at the official market.

Analysis of the foreign exchange demand and sales in the six auctions conducted by CBN before and after the introduction of WDAS shows demand for foreign exchange shot up by 351 per cent to $3.16 billion from $861.8 million.

Total amount sold also rose by 56 per cent to $1.19 billion from $$764. Average demand per auction session went up by 313 per cent to $526.7 million from $127.4 million, while average sales rose by 38 per cent to $198.4million from $143.6 million.

Foreign exchange operators attributed the speculative activities to belief that given the continued decline in the nation’s external reserve, the Central Bank of Nigeria would not be able to sustain the current exchange rate of the naira hence further depreciation of the naira is inevitable.

But the apex bank on Tuesday moved to forestall speculation with foreign exchange purchased from the official market. It barred interbank trading of foreign exchange purchased from the official market.

In a circular to banks titled, “Non Transferability of Funds from Wholesale Dutch Auction System (WDAS) Among Authorised Dealers”, with reference TED/FEN/FPC/GEN/01125, the apex bank said that banks can no longer use foreign exchange sourced from the official market for interbank trading. Such funds, it said should only be used to meet customers demand for foreign exchange. It also directed that banks should keep separate books for their interbank foreign exchange transactions and WDAS foreign exchange transactions, and make the books available to it examiners.

feasy1:

Egin, good contribution there, though I work abroad but I'm not with the school of thought that the naira value should depreciate, reason being , when I send $$$ back home, the Naira equivalent will be used for either my business in naija or property development, the depreciation of the naira invariably means the cost of procuring building materials, household items etc will rise and when you do your analysis, the difference wont be that much, and Nigerians will be affected as a whole, The part of the world where I work now, the US dollar is pegged at almost 100% against the local currency, thus the economy is somewhat stable.

The CBN seems to be on top of situation as reflected in this report http://www.thisdayonline.com/nview.php?id=150709

No reasonable country will fix the value of it's currency. Naira should be allowed to find it's value instead of propping it up with the foreign reserve.
Things will not improve if Nigeria continues doing the same thing over and over again. The outcome will always be the same.

faakay:


loool, I can see the economy is scrambling I know that and you don't need to educate me, I wrote that out of annoyance

But some people are happy the naira is depreciating!!

Abi the swear reach urside! then fori ko

Stop wasting your time about the value of the Naira. Think about how you can benefit whether the value is high or low.
The value will always fluctuate especially in an underdeveloped country like Nigeria.

faakay:

I pray dollar falls back to 120 or lesser

No go better for the person wey say make naira fall. As you pray make he dey fall, Na so you life go dey depreciate in Jesus Name

Cos this shit is affecting me badly and naija economy! BULLSHIT

Your post here shows how uneducated you are. Come up with a reason why the Naira will not depreciate with all the bad news and how you think the problem can be fixed. Stop your in Jesus name nonsense and do something positive with your life.

In our characteristic Nigerian mentality, we believe we can just pray and everything will fall in place.
Things do not work like that. What is the govt doing to help the Naira. Nothing, just some stupid policies
Everybody should prepare for the free fall of the Naira. This is inevitable going by all the bad news about the Naira and Nigeria.