₦airaland Forum

deflover:
Last week we saw one of the greatest drop in the value of the dollar with a sharp gain of the naira in the black market. How was this achieved. Who made this happen. Who is the smart ass.
Anyway this move made a lot of people poorer i.e currency speculators who kept buying the dollar putting a demand on the dollar while the naira suffered from low demand till it hit the high of 2016 and just then the CBN intervention came in with a mad flood of much more dollars and the mopping up of naira so that there was a scarcity of naira.
And wholla the dollar came crashing down while the more the naira was mopped out of the system.

This brilliant intervention means the CBN is using our reserves to fight the dollar war
How sustainable is this ....will the CBN be willing to continue this.

As a forex trader with 10years experience I watched with my mouth open as it happened and shook my head as the internet was glowing with news how osinbanjo is the man
How he tamed the dollar in one swing of the magic wand.I saw panic selling going on as many turned in thier dollar. While smart investors bought all these dollars for keeps.
Now the dollar fall has stopped
Why did it stop
I thought it will fall for ever as we are made to believe.
Just yesterday while watching ARISE TV the news came out of the economy contracting by -1.4% for the first time in 20years.
Meaning for the first time in 20years the economy stopped growing
Now the real bad news was from the PMI ( producers manufacturing index) saying it fell
What does this mean
It mean the real people who needs the dollars are not getting it
But osinbanjo gave dollars for school fees payment
While the manufacturers who need dollars are not getting it

Even the economy according to the news saw major improvement from the oil sector because militants have stopped bombing
So the non oil sector fell even the most holy agriculture.

Osinbanjo has stated in the last FED meeting he favours a devaluation of the naira.
Right now the naira is 405naira to 1 dollar
Let's assume he goes ahead to devalue to let's say 20 basic points
That would be 425naira to 1 dollar
Now imagine what the black market will do
We will be looking at 550-600naira to 1 dollar
Already JP Morgan is worried that Nigeria is not attracting FDIs ( foreign direct investments)
What does that leave us
It leaves us with an economy that will keep shrinking and a dollar war we can't win as fear will make more people demand for dollars as naira will keep falling.
My advice to you
Keep buying the dollar for keeps
Keep your bulk money in dollars
The trip to hell is about to get nasty
God save our soul

we dey wait

baridamben:
Rival cult groups with AK47 and G3 assault rifles? Where did they get those weapons from? Is the government not suppose to protect lives and properties because they're cult guys? Are the hundreds of innocent persons killed in the state everyday also cult guys? What if I tell you that this particular boy in the picture was not a troublemaker, would you say he wasn't deserving of government protection? What is lies about the appointment of people with criminal history as caretaker chairmen in Rivers State? What is the lie that Rivers State was a theatre of war in 2015 as declared by the Supreme Court, and that what we're seeing now is a direct result of that war? Is it not a shame that we've been hearing of killing in Rivers State since Wike took over and he hasn't done anything to resolve the issue? Please this is not a time to play the ostrich, this is the time to look evil in the face and call it its rightful name. People are dying...

Stop being ignorant, Guns come fru borders, the FG is responsible for border protection, These are cult fights.blaming the Government would not help, but exposing those who commit such crime might just help.
I see nowhere you criticizing the armed men.

Earth2Metahuman:
And is NPRC and independent body? Cos that would defeat the whole purpose.


Its a good development. No more aboki president awarding all oil blocs to northerns.

there would still be woru wuru for sure, but this is a different ball game now, people from where the Oil is taken might just get a say to owning ine,For me I think it would be a good idea to award at least one bloc to each producing community for thier own development and monitored by the FG.

Chikelue2000:
u r funny. Tell me what's funny up there. Really a nice development for me

ahahaha U k now some people just comment without understanding the subject matter free the guy,Y on earth would the president be the one to allocate Oil blocs if not that we are doomed, abeg VP hurry B4 baba come bck

Tokziby:
How i wish people knew the politics that goes on in the banking industry. The Govt needs to interfere in the affairs of the banks in Nigeria, they are also a major contributor to the recession because they control the cash flow in the economy. Whether they release it or not, the banks are unhappy with the drop in price of dollars because many of the top men (cabal) in the industry have invested millions of dollars in BDC. Hence they are trying by all means to frustrate the move in order to reduce their losses. We are sitting on a Loooog thing in this country, these greedy cabals are the ones holding the county to ransom.

You also forgot they are business men and women.They control supply you control demand

blossom92:
How much does scanner cost?

Some Are 10k

blossom92:
Please my fellow nairalanders, how much is catalyst for Avalon 2006 model?

And again, when am pressing the accelator it doesn't catch easily, even if the car is on high speed the speedometer will be showing zero

What could be the cause?

I will tell you what i always tell everyone on here, Go and scan your car and come back with teh codes, a scanner is cheap these days.

lalasticlala:
Veteran super star actor, Richard Mofe-Damijo, RMD, recreates this picture with his wife's sister taken 20 years ago. He shared the pics on instagram and wrote :



https://www.instagram.com/p/BRDssWIBAcq/?hl=en

The lady is now 25. Kinda looks older. What do you think?

So this face nah 25 years Old
Iyam not understanding O0000

TheShopKeeper:
This guy and his followers are very funny - using all means to remain relevant.

As far as I know, these guys are not recognized by the Jews of Israel.

Its not a must to be recognized by the Jews of Israel.,
frm waht I know, its not a must to be recognized by th xtians in Israel.

Najm:
Please I need help from the experienced Honda users in d house.
My 2007Honda civic overheats though not from the radiAtor or fan because when the car is parked, nothing is visible in the bonnet but the temperature gauge goes up. After a scan, the thermostat was the culprit and I was asked to remove it completely.so my question is whether this is a good idea, won't it affect the cooling of the a.c.?
All suggestions are highly and promptly welcome..

What guys here are trying to tell you is,there is no scanning ditection for a faulty thermostat as a thermostat has no electrical connection, its just mechanical.
you can test your thermostat outside the car
Simple put it on cold water leave for 5 mins,at this point its meant to be locked.then put it inside a pot and boil it, when the water reaches 10 deg boiling it will open, you can actually see it open,I have done this B4.
Your water pump can cause overheating.
You might need bleeding, cos trapped air in the cooling system can cause overheating.
PS:DO NOT REMOVE BUT REPLACE YOUR THERMOSTAT.

spyder880:
I wonder if someone starts to cut these wood well and package it properly if it will not sell well? There's so many good business people are not doing in this country. Someone can buy rough wood and plain it with machines till it becomes as good as those found outside the country and then sell them to those who knows the worth.

Well, most of us look beyond the mechanization of the output we seek.
For you to have a straight dry wood you need to treat the wood and this can only be done a a KIN dryer, now this need massive energy(Electric)
Then you need a multiple edger with carbide blades.
when I was much younger i was opportune to work with them machines.
But in the present climate to invest in such things is way up the roof.last year I broke down the process of manufacturing toothpick and how much it cost to few of my friends and they where like wow ordinary toothpick, cos with N20m, you cant even start so when do one brake even.

marylandcakes:

Me sef dey here Oooh,I sit behind my Oga at the top Hajji .

adonbilivit:
at least, we are getting there bro. It means a whole lot to me and other well meaning Nigerians that dollar has been dropping rapidly for almost a week. To us, naira is winning. We will get there but not with this ur mindset; not seeing anything good in Nigeria no matter how GOOD it is

Bro there is no shame in admitting not seeing nothing good in Nigeria, even your so called President do not see anything good in the Nigerian health system of which he is part of , so why castigate that guy for voicing his opinion which he is very well entitled

EdificationBoss:
The date reads 8-4-1982. Wow! Good old days... See a photo of the beatle after the cut.


http://www.newshelm.com/2017/02/photos-time-car-costs-n3984-in-nigeria.html

This is what my Dad got that year.

In my own bore people should get admission into University with just O'level

dammy13:
With effect from this year (2017), candidates awaiting results would no longer be eligible to apply for the Universities Tertiary Matriculation Examination, the Joint Admissions and Matriculation Board, said in Abuja on Tuesday.

The organisation also said it had concluded all restructuring and reforms and is now set to commence the sale of its application document in March.

The restructuring exercise will now allow for only one choice of public university in which new registration platform will now be first choice, second choice, third choice and fourth choice and not most preferred, preferred choice.

A statement by the spokesperson of JAMB, Dr. Fabian Benjamin, said the agency had taken time to add value to the services it have been offering to Nigerians for over three decades.

According to him, the restructuring was aimed at expanding the opportunities available to candidates since almost all the public universities do not consider candidates on the second choice list because they hardly exhaust their first choice.

He said, “We have designed a Central Admissions Processing System where the Board will interface with the institutions and ensure the compliance of this reform. The summary is that no candidate will be admitted with awaiting result.

Candidates and their parents are also to note that JAMB has restructured the registration platform to allow for only one choice of public university. The new registration platform will now be first choice, second choice, third choice and fourth choice and not most preferred, preferred etc as it was.

“Candidates’ first choice can be a College, University, Innovative Enterprises Institutions or Polytechnic/Monotechnic. However, if a candidate makes a Public University his first choice, he will not have any public University to choose for second, third and fourth choice.

He will have on the remaining three choices, a College, Polytechnic, Private University and IEI’S. However, candidates for the 2017 UTME can now select National Certificate in Education (College) or National Diploma (Polytechnic/Monotechnic) as their first choice up to third choice and the fourth IEI. They can select the IEI (Innovative Enterprise Institution, ND) as their first choice up to the fourth choice, but can only pick a public university once.”

http://www.kikiotolu.com/2017/02/utme-jamb-scraps-awaiting-results.html

Lalasticlala Mynd44 seun Dominique

JAMB should be scrapped altogether

She obviously wearing something to enhance that curve

bettercreature:
Stop displaying your ignorance in public you are simply embarassing yourself
Certain percentage of people living in Nigeria are enjoying better things in life than queen of England

Don't waste your breath jare this is how you know deprived people.

amebo101:
Source: http://punchng.com/arms-scam-obanikoros-wife-loses-abuja-mansion-to-fg-appeals/

Good one . How can she justify ownership . This should serve as a warning . If it was a Hospital she built with that money amd donate it to the public EFCC will snot go there . Always do good and charity . That's the mechanism the west use in thier own fraud .

DaniDani:
o boy see house o! My dream kind of house

Work hard now ohh

Zdoh:
This is are the simple mistake most newbies makes when they want to start exportation.Normally you are suppose to visit those agency before you proceed on your business but according what you narrated here those staff wanted extort you maybe just the way you present your business proposal.This is reason you need a credible freight forwarder who will be in position to arrange all your export documents.
According to you,the kind of exportation you about to venture is still mini exportation.
If you want to export your products without azle,kindly contact us at MYINTEG EXPRESS SERVICES
Call/Whatsapp 08088759163
We will gladly work you through.

See packaging, do You work for them?

Kadiri07:
Foundation Level Completed.
Back Side= 6 coaches
Front= 3coaches
This is as a result of the sloppiness of the land.

That House behind you sha, the guy no send any person at all, Him vex roof o ne part move in sharp sharp become landlord by fire by force.I like the guy way Ooh, the wey the country cast soo, man must survive any which way.
congrats on your build so far

JVExpat:
I just spoke with Osaz over the phone immediately I saw this because for me, i was shocked and my principle is to hear two sides of a story. Having personally contracted some jobs to him which in all sincerity he delivered perfectly, including a multi-storey building project we are currently developing in the same axis. He has so far lived up to expectation.

Btw, I am a real estate developer, practicing for over 15 years now and based on my industry knowledge and versatility, I did a thorough background check on Engr Osaz and got good recommendation from all quarters, including the relevant professional bodies. Infact this is the first time I'm reading otherwise about him.

Based on his explanation over the phone and your post here, this issue is purely that of misunderstanding and could easily have being resolved on a round table.
You contracted him to construct pile foundations but didnt specify that he must use a machine. He decided to use manual method which is not necessarily a bad option but i feel it may be slower. Personally I have seen manual method being used for boring piles of that width up to 15m depth but you or your supervising engineer refused, then he asked for an upward cost review if you insist on the use of machines, you also declined, he then in good faith and to build client relationship had to mobilized a machine to site which was not his, since his own was faulty at the time and according to him, he informed you about everything. He still retained his workmen on site to monitor the activities of the new machine operator, after giving them specific instructions which they adhered to.

According to him, He made quasi-dry mix concrete with adequate concrete mix ratio, which your supervising engineer refused for whatever reason. His men worked the reinforcement well and mix the concrete properly to instruction. He was on the site everyday since the machine was mobilized but didnt always stay on site all day. Again, I don't think that's much of a problem since i don't expect that a contractor should be micro-managed inasmuch as he already have site representatives there.

Next, you said the machine operator downed tool after 26 points. He refuted that, saying the action was certainly stage-managed by the machine owner having released enough money to them to drill up to 35 points (which is about 78% of the job) but they stopped at 29 points . According to him, this could have being done in collusion with your supervising engineer who constantly asked for 'settlement' which he didn't give to him at the time. The idea may have been to hijack the project from him so they can sit on it. He sent me enough evidence on whatsapp to prove that anyway. The machine operator didn't stop while he was on site for about 4 hours that morning until he left the site to attend to issues elsewhere. That's enough reason to suspect a foul play!

Rather than allow him take up issue with the machine owner he himself brought and compel them to work, he said you simply transferred money to the machine owner in the midst of the crisis without his consent and asked that he stay off the site as you are now prepared to complete the project using his balance payment left with you. That was a very wrong action by basic contract law. He then said he called you and asked that if by any means in your quest to control the site yourself you happen to have spent above the balance of the contract sum left with you, he was willing to do a refund. But you told him not to worry about anything that you do not need any refund from him.

Although, he has shown enough maturity by promising not to join issues with you. That for me is enough respect for you sir. Some persons may rather take legal actions even based on this post. Resorting to blackmail the personality of this young gentle man is really unfair to him. For me, I still have no problems or issues with him so far on any of my sites, until he does otherwise.

No Disrespect, Im sure the Engr in question is not on any kind of Ban on NL, IM with my Ipad waiting for him to come say waht realy went wrong,The property section of NL must retain its past glory,where there is trust and mutual respect cos the way I see it, Money do not grow on trees.

ajuwarhodes:
I dated a guy who has diabetic for 4yrs
Did we have sex?yes
Was it good? Yes
Infact we were planning of getting married
But for pressure from parents
Is he dead now? No

There are different types of Diabetes . Some medication you take to manage it might affect the person and he might develop erectile disfunction

gabng:
With Ilorin college of aviation having about 10 flight training aircrafts, Kwara State seems to be plotting to become dominant player in aviation manpower development. Kudos to them.

That's great . I hope they have capable manpower to train these next generation of Engineers .

femi4:
Olodo ....This is how its written PhD

A simple trip by ur ol man to the chemist would have saved him dis embarassment

teeemmanuel:
Like u wrote it correctly either. U also wrote pHD. Don't u see u are the bigger disgrace here. My advice to u is to always check yourself well before faulting others and mind u its PhD not pHD. Understood?

Thank U jare 2much ITK people on Nairaland . I have stopped correcting people in thier grammatical and spelling mistakes cos anyone can make mistake plus your phone fit fall you hand

femi4:
Is that how "PHD" is written? What a disgrace!

Plz show me how PHD is written .
PS:Your foolishness has high voltage . Smh .

Collins4u1:
must you quote this long post, you must have a pHD in littering.

I actually have a PHD . I took time to read the whole post unlike your sorry Azzz

sunmbo123:
Dear University Community,

I am writing on two matters, one good news and the other terrible news. The NUC has formally written the Kwara State University approving the University's full mode of Aeronautical and Astronautical Engineering (B. Eng.) degree program, and I must congratulate all our students and staff in Engineering, especially the department of aeronautical and astronautical engineering for their hard work and patience, that have led to this great success. By this news, KWASU has retained its record as the first-ever Nigerian University to institute a degree program in Aeronautical and Astronautical Engineering. Our dear students and staff can be proud of their University! We have formally submitted an invitation to NUC for accreditation as we are fully ready for the NUC accreditation.

On the sad news was the recent death, on February 22, 2017, of a son of the HOD of the Department of Aeronautical and Astronautical Engineering, Prof. S. Talabi. This is a very terrible story that has shaken the Department, the College and the entire campus, and we pray God Almighty to stand by Prof. Talabi, console him and strengthen him, and forgive the son and make him a child of Paradise. Please feel free all to sympathize with and console Prof. Talabi on this sorrow. It is from God that we all came and to Him we shall all return.

Dear University Community, I must seize this opportunity to express my heart-felt gratitude to all from this great community who sent me congratulatory messages on being asked to give the 2017 Nigerian Academy of Letters (NAL) lecture, jointly organized by NAL and the National Universities Commission, and which I delivered at the Idris AbdulKadir Hall, National Universities Commission (NUC), Abuja, on February 23, 2017. I thank everyone in KWASU that worked towards the success of the lecture.

KWASU Chancellor, His Excellency, Prof. Ibrahim Gambari sent a representative to the lecture and so was the Governing Council of this University. The Kwara State Commissioner for Tertiary Education, KWASU Registrar and his family, Humanities, Management and Social Sciences Provost and Academic Coordinator, Dean, School of Post Graduate Studies, Director, Kwara State University Press and his staff, Protocol Officer Hakeem Alohunmata, VC's PA, AbdulKadir AbdulKareem of the Electrical Unit of the Works Department, KWASU Drivers Coordinator, UR Staff Alawo, and many more from KWASU, all attended.

The overwhelming kind messages and solidarity that I continue to receive from you all too numerous to list here are indication of your generosity and love. Without question, the honor for this lecture belongs to our dear University and to all of you!

I look forward to seeing you all on campus!

All my best wishes,

Abdul-Rasheed


__
Prof. AbdulRasheed Na'Allah, PhD (Alberta)
Vice Chancellor and Chief Executive
Kwara State University, Malete
P.M.B 1530
Ilorin, Kwara State
Nigeria

Website: www.kwasu.edu.ng
Email Address: abdulrasheed.naallah@kwasu.edu.ng
Phone: +2348062650613

This is soo good
I hope the spend half of the course work time on the hangers rather than classrooms .

PetroDolla3:
Fuckeduppedness! Shitnigerian bad mouthing Ghana for finishing 4th in a tournament their fumbling wobbly mudder fugger supa chinchin did not qualify Recession-ravaged shitnigerians and their lack of common sense! Dollar, electricity, food, fuel, gas and many things are scarce in Shitnigeria. Common sense is also scarce in that Sh1thole! Smh! Hahahaha the rant of a f00l

THis is waht happen when you get a new toy