₦airaland Forum

OnankpaBa:
Oshio has just hit the nail on the head. PDP killed this nation and they are the one shouting, is this the change we ask for?

Name 15 APC politician see if they where not PDP

Kgdavid:
this is obviously wrong. Even from your own definitions Mr. OP it is glaring that there is a gaping hole. If Militants do not use violence and terrorists are those who use violence against civilians, then who or what are those who use violence but not against civilians?

To be more lucid, terrorists are specifically people who use the threat of violence to civilians and to coerce others or obtain a desired outcome. Terrorism is the act of using the threat of violence to civilians either through the promise of violence, or by actual violence, to obtain a desired goal. The defining trait of a terrorists is the threat of violence (could be cyber, economic etc) to civilians.

Militancy may very well include an armed or violent struggle so long is it does not target civilians. There are also rebels/insurgents who are militants pursuing sovereignty or a related cause in a battle against the government.

Name o e civilian that U know that these militants have killed.

Hackerjay:
Hmm... But a militant is likely to turn a terrorist if his demand is not met...
What do you think?


www.obagoblog.com

Who will the then terorize?

chucksbadt:
How?.......don't get

£1 is €1.2 and $1.4

All this noise let Monday come.I thought they suspended forex trade until monday? ??

chucksbadt:
Is this New CBN policy only going to affect the dollar?.......what happens to pounds and Euros?

Someone should please explain this for me in a Layman's term

Just do the conversation. Pounds to euro 1.2.
To dollar 1.4

jinglesbaby:
How many things are "Made in England" despite their good roads, hospitals, education et all? It's mostly because of taxes! We all go to China, India, Pakistan, Bangladesh and Vietnam to import "common pant (what we call pata in Yoruba)"! Even Marks & Spencer where I buy my undergarments go to Asia to buy! If we can start running "sweat-shops" sha like we have in Aba, maybe we will attract foreign investment too. The only things that are made in UK these days are "mixed-race babies and sham marriages" ! We dont have all these basic social amenities that would attract foreign investors no matter how willing they are to invest because of the foreign exchange policies. There are always two sides to a coin at the end of the day.

Guy why are you talking like this , you are asking what is made in the Uk, realy?UK is 67M population and they control the worlds finance, have the highest diamond haul,produce the most expensive cars, produce civil and commercial air planes, arms etc
produce jaguar, land rovers, range rovers, vauxhall's,Austin martins,Rolls royce,Mini cooper,,Trains, U want me to go on? just say you do not buy what they have to produce

Limitednow:
http://.com/certificate-saga-as-court-adjourns-case-indefinitely-lawyer-files-fresh-motion-against-buhari/

This is very simple to understand, he does not have the certificate end of.

989900:
This is different from devaluation. This is 'dirty float', and this could as well go terribly bad, if not backed up with honesty and matching fiscal policies.

ATEOTD, these are all grammar and terminologies, what we do in real world demand and supply, would define where we stand.

Yeh but dnt you think he is on the Broadway to full divaluation? .cos if this magic flotation dnt work what next.

hotdi:
It is called single window Forex.
CBN will no longer fix official price for exchange rate anymore, but let the demand and supply forces of the market determine the rate.
Single in the sense that they wouldn't be official price on one side, and parallel market on the other side.
In this case, the CBN ceases to be the only supply of e.g. Dollar into the market. Also, CBN becomes a participant in the market
instead of playing the boss. Its influence becomes minimal base only on regulatory roles.

Are u satisfied?

2 late.

designking:
With the flexible FX market regime, sourcing your dollar for your export activities will no longer be an headache.

It would be an head ache cos it will be 2 expensive. Even if I plz to pass on the excess to the customer my goods would stay in the shelves for too long. The ROI would make no sense.

Angrymode:
Even to heavens court, I will support this case. Hypocrite Nigerians don't want to give the Fulani herdsmen ordinary grasses to feed their grasses but support outsiders owning oil blocks in another's man land.

And they think it's Ok for Niger Deltans not to own oil blocks. Providing more than $1m daily

seunmsg:
They are just wasting their time with this frivolous suit. GEJ was president for 6 years, they dint blow up pipelines or distracted him with frivolous oil blocs lawsuit.

Nobody should take these Niger deltan activist serious again. They are just a bunch of greedy fellows seeking an avenue to corruptly enrich themselves. A certain Tompolo who once led the struggle is now reported to have over N3billion in a single account. Same applies to other activist and militants. They should all cover their faces in shame and allow the PMB government to develop Nigeria and the Niger delta.

Go buy fuel then come bck

McBrooklyn:
Tomatoes Black Market Don Dey My Side Sef

Ahahah Be a Ahahaha hahaha
Guy no kill me abeg bwaaaaahh

agarawu23:
imagine the wahala? Make person drive for hot sun reach house com open one yeye hot water for head. The only time it will be useful is only December during harmattan.

It's meant for countries with cold weather and not our hot naija. The ones we use here functions 24/7 and are unuse for just 4 and half month during summer.

Guy 4 mama charlie country na hotwater we dey bathe, dem nor born U well to have a cold shower, even in the hot summer, E be like say fridge dey where the water dey come frm

Doyin2:
So what's the parallel market rate for the Dollar and pounds in the US and UK respectively?

Over sabi de worry you

today BDC buys frm me direct frm London £1=N505 mind you £1-$1.4smthing.

Boss13:
Laughs. This is a possible deduction if market forces permit it. However, I don't think it might get to that because one of the positive implications of this guideline is to increase the supply side of the foreign exchange. Since the government insisted that it would not devalue the currency to reflect currency economic woes, foreign capitalists refused to bring in their funds, this resulted to FX scarcity and the scarcity, in turn, gave rise to the present black market rate.

Another positive implication is the reduction of rent seeker and speculators through the introduction of primary FX licensed dealers. My only concern is how would these guidelines curb money laundering. I know EFCC is doing a good job and now politics is not as interesting as it used to be in the past under previous administration, however, there may be room for money laundering.

These guidelines will reboot our manufacturing sector back to Pre-Buhari emergence as president, please I did not say boost, but bring back to that point and hopefully, the frequent job losses will cease a bit.

if th FG and CBN can boast that they can meet demands so why lie to us the teh shortage in FX was due to low crude oil sales
and if thats not the case it means they are lying again like now.

Abagworo:
In summary CBN has ceased interference with exchange rate. Consequently the exchange rates will be based strictly on demand and availability. I don't see Naira losing much value as it will remain within the 300 to 400 vicinity against the US Dollar.

Even if demands go up?dnt 4get we dnt print dollars

designking:
The naira has never been rightly valued. You can't just determine the value of a currency by politically pronouncing a value. The true price of a currency should always be determined by the forces of demand and supply (True Market).

The current government is setting things right, and that may mean taking us back to the fundamentals or foundations, which is usually a lower state or starting stage.

Many stats, ratings and figures previously bandied about by past governments are mostly fictitious and fraudulent.

How Will This Affect You and I

Dollar is not our national currency, there is too much attention given to dollar because of the make-shift value attached to it. Our politicians spends dollars and stockpile their funds in dollar because they believe it is scarce and heavily hoarded. With a very volatile and liquid forex market, you wouldn't want to keep your funds in dollar if you are not an FX trader, because it becomes ever changing with the tick of the second. You can lose a sizable percentage of your income if you keep your funds in dollars.

The CBN don't protect the dollar but the naira, but improving trade balance, the dollar will gradually weaken and find a base price, that is stable and regular.

Our economy is determined by the price of Dollars. It's the only international curency we trade in.for now.our budget is based on Dollars. Some of us earn in Dollars.
I have pounds but x change to dollars makes more sense to me.The Nigerian economy is not matured enough to through us at the mercy of the Banks. They are mega greedy. Who will co trolley them efficiently. I can't go to China to buy goods for my warehouse cos of unsteady dollars in Nigeria.

GreatEngineer:
Please forgive me cos and not an economist/ financial expert, but this policy sounds like the exchange rate would now be determined by forces of demand and supply in conjunction with the parallel market, while the Government sit and watch the whole thing.
I was thinking govt. Would have shifted their goal post from 199 to act 280-300 and watch the parallel market rate crash down to govt. Price, then after sometimes, govt. Can move it down further and so on.
But what am seeing now look like leaving us in the hands of parallel market operator in the name of flexibility.
Can a financial analyst or an economist help me out on how this will work and benefit us the common man.

U need no more explanation

Pavore9:
Whatever it ends up at will not bother me because am linked to local production and export earning FX.

How about your raw materials and machinery?

Adminisher:
It is extremely stxxid to say policy somersault caused Naira crash. The economy is not an egg. I don't know why people think there is a magic formulas for economic recovery.
There is no such thing. This measure is the best I have seen so far. Nigerians are highly innovative and hardworking.
Did I use the words "innovate" and "hardwork" ?. OK I did.
That is the way to succeed in Nigeria now.

The FG has made it easy now. Let me put it simply , it is now much cheaper to produce jeans in Nigeria than China even with the generator you will run and everything. Nigeria has no winter, it is also one of the few countries you can harvest some crops twice a year.

I believe by Monday you will change to a different school of thought. Let's wait .

designking:
Nice move!

This government is really focused and plans deeply. You don't make forex policies by using sample data from very long past time frame. The best way to build a true forex system is to put out a strategy(demo) and test it against the current market fundamentals over a period of time; then re-access your system, adjust or approve it for full scale(live) use.

What this government has done is opening the Naira for real trading, creating more investors confidence, better volatility and liquidity. This will surely place the Nigeria economy ahead of most Africa economies.

What you talking about?he just devalued the naira. Is this not what we ha e been saying all along

busolakun:
Good economic decision for once since. Now we will know the real worth of NGN.

When it says 400 then we will know we are in soup
Or we can blame GEJ which is much easier

Pavore9:
Waiting for Monday.

If I send one pound frm the UK to my baking I get 505 in my bank. By Monday it might be 510 or 520 not good.

EgunMogaji:
It's almost midnight here.

I'm in night class

We n 9ja same same now

EgunMogaji:
Jumping Jehosophat.

Oya Erico2K2 mark Agarawu down for an infraction against the person of Spyder880

He is already standing at the naughty corner
Good morning everyone

diordaves:
mufutau55 look at the pics below in terms of the quantity of mortar used and compare to what we use in Nigeria in setting blocks. The waste is a crying shame. look at the floor of the build, can you see any mortar waste on the floor as in Nigeria? look at the mortar used for binding.....

The sand they use are smoother and machine mixed. Plus there is a tool used to remove the excess mortar at the edge to give it find finishing. If we did this in Nigeria it would be awesome

abdulwastecx:
At position B after the link has been removed. Something like this

Thanks Boss very very much appreciated

EgunMogaji:
Chaii, my chief you sabi prepare soft landing

Maybe you can set up a consultancy and/or lobbyist company in Abuja.

Thats a good Idea ohh, dis one wey Economy make men nor dey smile soo

HVILLE:
Foundation pic

Boss, is this the final depth of the foundation?

n3xt:
@ back2sender,

Here's a prayer for you. May your life, the life of all your loved ones, the life your unborn generations be ran the same way as the people you supported against me dealt with me in their businesses.

May all your wishes for Brabus who defrauded all his client come to pass. Otherwise, may all your wishes come back to you in billion folds.

Amen!!


A simple amen activates the blessing.

Guy calm down,I think at this point you should switch off, get a beer and watch Austria V Hungary match, it will do you some good and ease tension,you doing yourself no good engaging everyone who throws words at you.take my advise chill.