₦airaland Forum

ntuedor:
FYI & Action

In need of Forex to make overseas payment for goods and services?

For $10-$100k you will pay naira first after which you will receive telex in 24 hrs

$100k and above, you will give a bank endorsed confirmable cheque.

For more inquiries; rates etc, Send me a PM.

Thanks,

Nick

Bad markete, U forgot the most important thing in all this, RATES

BlackMbakara1:
My broda i tire o, our insatiable lust for foreign items is what is weighing us down...

Wen our Naira was good, we were consuming local content n doing thgs our own way.

Bro Nigeria has one problem and thats the key to everything else, if this is not fixed at least %50 we are doomed still.We need Constant POWER. Thats the key to opend our dependency .This will put money in the pocket of ordinary people.The greatest wealth comes from private sector in the west give people power 24/7 see if they dont manufacture, research in new product cos from where I see it, Raw materials are natural and we got loads of them.

Tiffbuxas:
Which place on earth have you seen changes I mean real changes without people who are ready and willing to fight for it. No offense but we naija we no go are not ready for such, common protest we chicken out. Abegg make we bear am in silence unless we are ready to fight for the changes we desire from this tyrannical govt with useless policies. How can u sell dollar to black market hoping to relieve stress in dollar, when they are the Wif dat what happens they hike the price again. WHO DEY FOOL WHO

Dis nah 9ja Ooh, nor 4get dead men dnt enjoy changes.

tollyboy5:
No not oil our agricultural produce in nothern Nigeria are been exported

Name one plz?
coz I live where I will see them imported

Nukilia:
You are smart! Don't mind those singing various songs on exports and you ask them what we are to export, but they can't point to one thing.

In as much as we keep depending on importing petroleum products then we're still joking.
Electricity is another issue which can help drive down the cost of commodities and services thereby leading to creation of more jobs in the country.

Correct if I was at the helm of leadership, the only export from the Oil sector will be petrol gas and kerosene, not Oil.And ofcos we should be self sufficient in these commodities.
There was a satellite views of the Earth on BBC two days ago at night, thae vast part of Africa was in Darkness why Europe and North America was shinning with light but we have Gas to power electric.E nor tire U?

BlackMbakara1:
Why sell to BDCs that will sell to politicians without records and at any price? This is why the Naira will never appreciate. Let only the banks sell to everyone with proper recording linked to your BVN.

I'm suspecting CBN personnel are benefiting from this racket.

questiong begging, why would everyone need dollar?

tollyboy5:
Nigeria export is increasing daily I don't know why we are not feeling the affect. lalasticlacla mynd44 com and do the needful happy sister

name waht we export that is increasing and plz I beg U dnt say OIL

Jabioro:
Rotimi Ameachi really hit Wike hard.. a rabble rouser which should not be taken serious henceforth as he soon fail to his spousal duty at other room.. if I be Wike.. I would hold a vigil tonight.

FYI Amaechi no longer has any meaningful sway in Rivers, he sold hi heart to the North as it stand he is an outcast, He even failed to deliver his own ward to APC go ask anybody in Rivers.

napoleon77:
Has EFCC confirmed all what you wrote? Especially the highlighted?

Has EFCC confirmed the owner of the flat? Or it's very complex for a security agency to verify the owner of a building in Lagos State?

You even believe that GEJ had access to the money in the flat? Jesus!

Flat owned by Ameachi ahaha

donmalcolm21:
The way ndi Yoruba are defending Amaechi is mind boggling. How can a so so called Known Criminal be made aa Saint by some peeps above me who don't know where Rivers state is

I tire even Rivers people no talk 4 the matter, dem leave Ameachi to roast.

Tenim47:
as for me, i tot AY is jst an overatted comedian , i dont see anytin funny in the guy skit

He is a promoter just like Don jazzy

JayJohnson:
Wike the wicked clown is at it again. Like Fayose, like Wike! While one is set to liberate the republic of biafrauud that is without a purposeful and visionary leader, the other is set to complete a monorail that does not belong to his administration from the awoof money.
Still waiting for Fayose to claim the money belongs to Ekiti state government or to pdp
Shameless clowns
Pdp house, full of clowns

Do you know what the monorail looks like ?

peteregwu:
https://punchng.com/wike-nia-fight-over-ownership-of-n13bn-seized-by-efcc/amp/

Wike the BOSS GOVERNOR

caringtaiwo:
its a lie concerning esther breaktrou they get me job better offer

And you have just one post on Nairaland to say it's a LIE.
Are U not a scammer ? ?jst asking

mekaboy:
And you think the federal government can't give the money back to Amechi behind closed door?

Naim make I say make dem burn the Money after 14 days.

DocHMD:
Let me prove to you that you sound too pedestrian and illiterate.

Now do you know that it takes less than 2 hours to find out who owns the house at the Lagos land registry Alausa, Ikeja. In this case when you get the owner, you have 97% chance of getting the owner of the loot.

Are you telling us that Magu's boys have not done that already? You want us to believe they are incompetent?

Or is it safe to say, they've done that simple investigation but are afraid to go public with their findings because the reputation of an APC saint is at stake?

Throw away your brain and get a new one. Not everybody is as daft a moronic and hyoocritical zombiegerians.

You nailed it Bro but the throw away brain part me I nor follow Ooh
Anyway you are right, they know who owns the house/flat and Im sure it belongs to one of the new saints like you rightly said.E for sweet me if they burn the money that way the owner can cry in silence.Seizing it wont help as he will get it back.
I believe very soon after this wistle blowing will soon stop as shyte is hitting the FAN

seunmsg:
All these twist by PDP members who initially claimed the discovery was propaganda is just a silly attempt to rubbish the breakthrough recorded by EFCC in the war against corruption.

EFCC have obtained a temporary forfeiture order already and the court had also decided that the owner must come forward and claim the money within the next 14 days or forget the money forever. So, what's with all the speculations and attack on Ameachi?

Whether the money belongs to Ameachi, NIA, CBN, Muazu or Esther is no longer the point. The money now belongs to the federal government except someone can come out and claim ownership in the next 14 days. We should be celebrating this breakthrough and not misinforming the people.

Oga no need for this plenty lecture, we know who owns the none but no water tight proof.can i ask U something, can your friend or Biz partner hide such amount in your rented flat without you knowing? there goes your answer.
How this will pan out is this,They will claim the money has be absorbed by the FG then pass it back to the owner cos defo he/she is in this government.See teh whistle blower do not know who PDP or APC is they are after thier cut.Now this goes begging for asking, what happened to all the money forfeited to the FG since this fight against corruption began, we are still waiting for total remittance of seized funds by the EFCC.

Smooth278:
Probably cos you don't have stuff of value in the bags ... Lots of Nigerians have had their stuff stollen at the airport on arrival...

or one might jst be lucky

ovokooo:
According to an instagram user by the name https://www.instagram.com/p/BS1n8dGD9jf/?taken-by=poizeinsider poizeinsider, they discovered that a staff at the Murtala Mohammed International airport in Lagos breaks into people's luggage to steal their belongings. They're currently agitated and looking for the thief.


https://www.youtube.com/watch?v=fDdQu6_X6eg

Source: http://ovoko.com.ng/airport-staff-steals-peoples-belongings-discovered-pics-video/

This is why I like PHC Airport, you can see you bags coming from inside the plane, loading and pulled by tractor to waiting area where able bodied men will pull it and drop in front of everyone to see, you take your bag as it comes, everybody steering at you.
The moral of my nag is Some Nigerians always look for the get rich option and nothing else, stamp your passport Oga anything for us we get change,In-fact that Lagos Airport is something else, thank God for Bushy PHC Airport to free me and people like me from the hands of them thieves.from Baggage handlers to police, customs immigration and newly recruited DSS and EFCC all in one Airport,una well done Oohhhh

This news is now on the BBC

Zenithpeak:
All the US Dollars in the said money is my own. I don't know anything about the pounds and the Naira. Like EFCC planted the rest.

The dollars belong to me.

why U dey talk like dis, Nah me get the pounds,U nor remember wen I enter with gana mst go?

metronaija2:
The Independent National Electoral Commission (INEC) on Thursday said some of its staff accused of benefitting from a N3.4 billion bribe money in the 2015 general elections have refunded their share.

The INEC Chairman, Prof. Mahmud Yakubu, disclosed this when he visited the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, in Abuja.

A statement by spokesman of the EFCC, Mr Wilson Uwujaren, quoted the INEC chairman as saying that 70 of the affected staff in three states were still in denial.

Yakubu, according to Uwujaren, said they would be referred to the EFCC for further investigation.

The INEC chairman also said about five INEC political appointees, who are either National Commissioners or Resident Commissioners, were found wanting.

Also indicted, he said, are 21 retired staff mostly acting under the aegis of WANEO (West African Network of Election Observers).

Yakubu said 21 retirees had been blacklisted from monitoring elections and other activities organised by INEC in the future, according to Uwujaren.

“If we get our election right, we get our democracy right as the right people will be elected and once we get our democracy right we will get national progress and development on track.

“INEC is on the same page with the EFCC in this big responsibility of sanitising the country,’’ the INEC chairman was quoted saying.

Responding, Magu was said to have expressed the anti-graft agency’s readiness to prosecute all the indicted INEC staff.

“We are already prosecuting some of the INEC staff, we have started in Lagos and we are in the process in Port-Harcourt, Kano and Gombe,’’ Magu reportedly said.

While expressing satisfaction with the collaboration between both agencies, Magu commended the INEC boss for supporting the investigation involving some of his staff members.

He said: “What you have done will change the course of electioneering in this country, by bringing in sanity and credibility.

“It will send a signal and serve as deterrent to any person who may wish to perpetrate fraud in the electoral process whether as a monitor or staff of INEC.’’

Magu assured INEC of continued support from the EFCC, noting that the agency’s functions are central to the future of the country, and that the next election must be different.

Uwujaren said the INEC boss was accompanied on the visit by other management staff of the commission, including Hajiya Amina Zakari, Mr Baba Shetima and Prof. Okey Ibeanu.

http://www.metronaija.com/2017/04/inec-staff-refund-diezanis-bribe.html

REfund to who nahh

adanny01:
In the streets, people can use buying and selling anyhow, in economics, it is specific. What I told you is what obtains in economics.

I believe I made that point clear. You can buy or sell Naira in the UK but not in Nigeria. That's because in the UK Naira is a foreign currency but in Nigeria it's not foreign but local currency. Like I said before local currencies are not bought or sold.

If you got to the BDC in Nigeria with £ but intend to travel to US in which case you need $. The BDC will not quote you a direct FX $ to £. They will first give you £ to ₦ then ₦ to $. That's because you are in Nigeria.

In UK a dealer will give you a direct £ to $ rate. This signifies that the local currency must come to play and it is not the one being sold or bought. Saying you are buying Naira in Nigeria is wrong because economics recognise that you are selling a foreign currency not buying Naira.

Not that the forex market in any country is a direct relations between the local currency and any other foreign currency.

In any banking hall you see rates in two columns we sell, we buy. You will then see the rows for different foreign currencies. What they are selling o buying is the foreign currency. All the rates being advertised are a relationship with the local currency and no direct relationship to 2 foreign currencies such as USD to EUR.

Oya nah I av heard so come chop

adanny01:
No, you are not buying ₦, instead you are selling £€$.

By the time you are going back to your destination, you are not going to sell ₦, instead you will buy £€$.

You don't buy or sell local currency. In the UK, the £€ become your local currency, you don't buy or sell it, you use it to buy or sell. The £€ become your purchasing power.

yes I do, this is where you are missing the point, any currency can be bought or sold at a price hence its called Forex foreign exchange, I have been earning pounds in 20 years so Im in a good position to know what Im talking about.My local currency is the £, if you approach me Im selling, if I approach you Im buying, it goes both ways when it comes to forex its totally different from goods and services.I have bought Naira in the UK b4 and I have bough the £ in London too cos I had Naira in my bank in 9ja so I transferred to the guys bank in 9ja and he paid me the equivalent.SO in teh context of forex whoever is approaching who is the one buying.
PS:Foreign Exchange is

the system by which the type of money used in one country is exchanged for another country's money, making international trade easier:
Watch the word exchange so it goes both ways.

adanny01:
I don't think I have to ask you. If you have a point especially one that I will lead from, you should not hesitate or withhold.

However, on this matter, my secondary level economics is still sound but not perfect.

In the shores of Nigeria, you don't buy or sell the Naira. In US, UK or anywhere abroad where Naira is not local currency, Naira becomes a commodity and can be bought or sold. Let me hear what you have to say.

Ok if I come.on holidays with £€$ . And I want to convert my money , won't I buy the Naira with my £?

GoldHorse:
Please who go confirm the brazier and the pants size?

D man . Who else?
Like this with high cost E must test the cargo to confirm if nah genuine base on logistics

ntbaby:
God help us,this is too much o....community elders won't do anytin abt this cos they benefit from this too

Wow well I don't think that's too much buying that stuff is not more than 300k some people spend far more than than on thier birthdays .

jonhemma11:
I don't know how true is this but cccording Vicky,here are the marriage lists in Ubima Community in Ikwerre LGA.


Source: http://www.trezzyhelm.com/2017/04/check-out-list-of-things-required-for.html

This is why marriage is for MEN NOT BOYS

adanny01:
You seem to misunderstand the point.

You need a local currency to buy and sell. Technically, it is not the Naira you are buying or selling, it's the foreign currency you are buying or selling.

Example of illegal buying or selling of the Naira is buying N1,000 mint notes for N1, 200.

In forex market, Dollar is the commodity you are buying the Naira you are exchanging is not technically a sell but a matching value for the commodity purchased. The same way around you take your commodity (Dollar) to the market and sell same way a fish seller will go to the market and sell fish. No one buys the Naira.

If you meet a BDC operator, they tell you we buy dollar at say N420 and sell at N425. What is bought and sold? Dollar. Naira is not the commodity bought or sold.

U don't get it do you ?
We buy and sell physical Naira ask me how and I will tell U.

noziz:
come which kind nonsense post be this na! who this one help

Inoccent kids castigated and abadoned with aligation of witchcraft . Nah who E epp B dat

donmalcolm21:
That woman has a golden heart. The couples are doing wonderful works that 80% of Nigeria Pastors today



God continue to bless their Union

Thank U jare u saw this sitting others standing could not even see

Basfaq:
So the girl naa big girl you for say make she baba 70

Nor mind am