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Business / Re: Have Prices Of Commodities Reduced In Your Area? by Emedu(m): 4:47am On Apr 08 |
PlushyRealtor: Price is relative. If the prices of goods whose raw materials are imported or directly imported drop, local food will likely also drop because the demand for local food would be reduced. |
Business / Re: Standard Chartered Bank Warns Against Hoarding Of Dollars by Emedu(m): 7:52pm On Mar 26 |
This is now clear |
Politics / Dollar Naira At The Support Level by Emedu(m): 3:20pm On Mar 26 |
Forex trader: if you get mind you can buy dollar now, the dollar naira is at the support level. 😆 At a week you when you understand the difference between fundamental analysis and technical analysis. 😆
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Romance / Re: What Did You Know About The Last War After 1893 – Oliveloaded by Emedu(m): 9:01am On Mar 20 |
OliveDeveloper: Ogidi is not a refugee settlement. Besides, there was no grand alliance. The British military only came after the war. |
Phones / Re: Just In: Reactions As Facebook Users Unable To Access Accounts by Emedu(m): 5:00pm On Mar 05 |
Good for us |
Foreign Affairs / Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Emedu(m): 4:31am On Feb 29 |
We are simply moving from a fixed (pegged) exchange rate to a managed floating exchange rate regime. Change like this often comes along with the high upward volatility we experienced some weeks ago. With the aggressive efforts of the CBN, I strongly believe we are in the stage of stability; once that is obtained, we can then talk about appreciation of naira to fair value Good days ahead. 36 Likes 2 Shares |
Foreign Affairs / Re: Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$ by Emedu(m): 4:31am On Feb 29 |
Geovanni412: Mind you, Nigeria’s total trade in the third quarter of 2023 stood at ₦18,804.29 billion. Exports were valued at ₦10,346.60 billion while total imports stood at ₦8,457.68 billion, this was not felt in our exchange rate because of our high debt service to revenue ratio, high volume of printed naira in the name of ways and means. All these things are systematically taken care of to ensure the surplus naira is mopped up. I believe there are good days ahead 36 Likes 3 Shares |
Politics / Comparing Nigeria’s Economic Challenges To Venezuela: A Critical Perspective by Emedu(m): 6:59am On Feb 21 |
Some days ago, PDP governors gathered to criticize the Tinubu government and alluded that if care is not taken, Nigeria's situation will be similar to that of Venezuela or even worse. However, they neglected to inform Nigerians about how Venezuela reached that point of economic crisis. Venezuela, being an oil-rich country, benefited significantly from high oil prices in the early 2000s, much like Nigeria. In fact, at one point, Venezuela was the richest country in South America. The billions of dollars in revenue were used to finance social programs and food subsidies, similar to how Nigeria subsidized fuel, electricity, and forex. However, when oil prices declined, these programs and subsidies became unsustainable, yet both countries continued to borrow to sustain the programs hoping one day the oil price would rise again. In November 2017, The Economist estimated Venezuela's debt at US$105 billion and reserve at US$10 billion. By 2018, Venezuela's debt had grown to US$156 billion, and as of March 2019, its reserve had dropped to US$8 billion. Currently, Nigeria's debt exceeds US$113 billion, and our net foreign reserve is below US$3 billion. In February 2019, Venezuela's inflation rate reached an all-time high of 344,509.50 percent. What we are currently experiencing in Nigeria is child's play compared to what could happen if we proceed for more than six months without removing fuel and forex subsidies. Before the subsidy removal, our debt service to revenue ratio was already above 100 percent, and our reserve of 33 billion dollars could only sustain us for 6 months. Our credit rating was also negative. However, just four months after the subsidy removal, our credit rating had changed from negative to positive, and our debt service to revenue ratio has improved from over 100 percent to 70 percent. Let's support President Tinubu's reforms by educating people on what could have happened to Nigeria if these policies were not implemented.🇳🇬
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Politics / Re: Tinubu Admitted To Me He Had No Blueprints On How To Govern Nigeria — Naja'atu by Emedu(m): 1:47am On Feb 21 |
Aesthetical: Like your father ode |
Politics / Re: Hardship: Nigeria Almost On The Road To Venezuela – PDP Governors by Emedu(m): 2:18pm On Feb 13 |
seborrhic: Defend naira with which dollar under this economic situation in which the ratio of loan service to revenue is higher than 100?
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Business / Re: CBN Edges Towards Free Float Of Naira With Discontinuation Of Cap On Forex by Emedu(m): 8:29pm On Feb 09 |
Great one |
Phones / How To Solve Watsapp Verification Failure by Emedu(m): 3:34pm On Oct 26, 2023 |
If you're having trouble receiving a WhatsApp code. Try the following steps. 1. **Locate another smartphone**: Find a different smartphone that has a mobile data connection. 2. **Set up a mobile hotspot**: On this second smartphone, go into the settings and look for the "Mobile Hotspot" or "Tethering" option. Enable this option to turn the smartphone into a Wi-Fi hotspot. 3. **Connect your device to the hotspot**: On your original device (the one where you're waiting for the code), go to your Wi-Fi settings and connect to the newly created hotspot. You should see the name of the second smartphone in your list of available networks. 4. **Request the code again**: Once your device is connected to the new internet source, try requesting the code again. By following these steps, you're using a different internet connection which might help in successfully receiving the code. Remember, charges may apply for using mobile data, so be sure to check with your network provider. |
Phones / Re: I Just Ordered For Nokia 3.4 @ #52,500 On Jumia by Emedu(m): 8:42am On May 20, 2023 |
Playthepianos: Still using the phone. My experience with the phone has been wowed. I still get updates regularly. My battery is still strong as of when purchased new. The only thing I changed is the charger that got burned as a result of the high voltage. Frankly, I am impressed. 1 Like |
Business / Re: ➜ ➜ ➜ Football (+/Other Sports) Betting Season 17 ➜ ➜ ➜ by Emedu(m): 8:24am On May 20, 2023 |
Bayern and Liverpool at home to win will fetch more than 2 odds. Isn't that a gift 1 Like |
Politics / Re: Lawan Vows 98% Yobe Votes Will Be Delivered To Tinubu/Shettima by Emedu(m): 8:50pm On Jan 08, 2023 |
Eriokanmi: Stop misleading people with wrong information. Awo fielded south south- Christian - Christian ticket and was highly betrayed by the south-south and south-east. 6 Likes 4 Shares |
Politics / Re: Weakening Naira, Rising Food Prices Affecting Nigerians – UN by Emedu(m): 5:32am On Dec 29, 2022 |
The cause of the problem is clearly stated in the write-up. But very understanding it. |
Politics / Re: Rally For Bola Tinubu, Omo-Agege In Delta State (Photos) by Emedu(m): 3:34am On Nov 03, 2022 |
Felimax: Delta Central is predominantly Urhobo and is APC. No part of Ijaw and Isekiri are joining |
Politics / Re: Rally For Bola Tinubu, Omo-Agege In Delta State (Photos) by Emedu(m): 3:32am On Nov 03, 2022 |
post=118075666: Are you from Delta? Your analysis is faulty. Delta will Asiwaju nothing less than 40% |
Politics / Re: Osun Election Result Is A Positive Development For Peter Obi's Supporters by Emedu(m): 7:23am On Jul 18, 2022 |
K 1 Like |
Politics / Re: Election 2023 : Pastor Sarah Omakwu Asks Nigerians To "Waste" Their Votes. by Emedu(m): 8:39am On Jun 20, 2022 |
Jagaban camp will be pleased with this. Igbo will indirectly help Jagaban to become president effortlessly by wasting their votes on Peter Obi. 10 Likes 1 Share |
Family / Re: Lady Taken To Osun to take oath Before Leaving Nigeria Has Been Found by Emedu(m): 4:31am On Mar 06, 2022 |
Who noticed that Righteousness actually prayed for the release of the girl and others? |
Family / Re: Motherly Vs Fatherly Love/care, Who Among Them Cared More 4 You? See Photos by Emedu(m): 2:03pm On Feb 12, 2022 |
Reading comments. Love both 1 Like |
Health / Re: 4 Bad Skincare Habits To Stop In 2022 by Emedu(m): 4:18pm On Feb 07, 2022 |
Once you eat good food and sleep well without negative worries your skin will glows 9 Likes |
Politics / Re: Saraki Declares Intention To Run For President In 2023 (Photos) by Emedu(m): 4:15am On Jan 27, 2022 |
colorsofrainbow: You didn't know much about him. Ask a sincere Kwaran! |
Jobs/Vacancies / Re: Today’s Prediction 100% Day One by Emedu(m): 4:14pm On Jan 16, 2022 |
Empire1111: Not only 100% but 300% |
Sports / Nigeria Vs Egypt: Ball Possession Error by Emedu(m): 8:23pm On Jan 11, 2022 |
How come Egypt beat Nigeria in ball possession? |
Pets / Re: Caught A Green Snake And I Want To Keep It As Pet by Emedu(m): 5:11am On Dec 25, 2021 |
Ayobamipeter36: It is green Bush snake. |
Foreign Affairs / Re: Putin Fires Hypersonic Nuke and Drills Near Ukraine Border (Pics, Video) by Emedu(m): 4:34pm On Dec 18, 2021 |
Righteousness2: 1 Like |
Career / Re: AIG- BSG 2021/2022 Scholarship Application Test by Emedu(m): 5:45pm On Dec 15, 2021 |
[quote author=Momsiyo post=108330785] All the best to everyone. Thanks.[/quote I know someone who had passed Chairman interview and got shortlisted for the next stage. |
Career / Re: AIG- BSG 2021/2022 Scholarship Application Test by Emedu(m): 5:43pm On Dec 15, 2021 |
The slot is just for three people |
Crime / Re: Kemi Okunloyo: Sylvester Omoroni Agreed To Join A Gang, Consented To His Beating by Emedu(m): 9:25am On Dec 10, 2021 |
Toks2008: She repeated claims that Kanu is dead. Is Kanu dead? 1 Like |
Religion / Re: Why Do Christians Worship On Sundays? by Emedu(m): 11:38am On Nov 28, 2021 |
swhiss: |
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