₦airaland Forum

trutht828:
A good pilot will still land successfully.

agbari1:
What this means is that dollar was exchanged BY CBN for importer AT N357 and N307 for exporter. This means you you pay more Naira to get dollar if you are importing. This goes for payment of school fees abroad and other goods and services. Black market operators also get dollar from CBN at 357 to 1 dollars. That is why at black markets the exchange rate hovers around 358 to 362 to one dollar during the period. Government receives dollar from the sales of her oil which is kept by CBN. Projected budget of government for 2020 is based on oil benchmark price of 57 dollar per barrel. The price of oil has fallen in the global market to below $30. This means that government revenue has fallen substantially as oil accounts for about 90% of export earnings. In order to get more Naira to pay for internal spendings in the country such as payment of salaries and contractors, government must get more Naira. In doing so, quantity of Naira to be exchanged for dollar must be increased. Government doesn’t want to use the term “devaluation” hence it used exchange rate equalization. This means that no more 307, 357 Naira exchange to the dollar anymore but N380 for all multiple exchanges to a dollar. So our official rate to one dollar is now N380. Black market operators will be selling at amount higher than this may be N400 to one dollar depending on the availability of dollar in the market. Remember that over 50 oil cargo of Nigeria is on the see without willing buyers ad the demand for oil has reduced in the international market. The price is on the free fall because of Saudi and Russia price and output war. If the price of oil falls further to say $20 per barrel, Naira nearly collapse. Government may ban importation of less essential goods. It may go and borrow money from from international financial institutions such as IMF with stringent measures. It may devalue the currency further. Those with fixed income will be worse off. Prices of goods and services will go up. Demand for goods and services will fall. It will affect company revenue and lead to job loses.

Smartchoiice:
Means devaluation of the Naira

Born2conquer:
If I don’t act FAST, I might lose my sister

She made a mistake marrying this beast and I can’t keep on looking.

Please, what’s the fastest way to institute a divorce in lagos?

masterP042:
The power of science.
What no religion could cure, even a whole Vatican and Mecca is shut down.
All these people and church with megaphones etc disturbing us about the healing power of one so called jesus, but now e don set, they closed his house and left u all on your own.

Watch science defeat this pandemic and see them creep out of their caves claiming healing power of jesus, holy oil and handkerchief etc.
This corona virus has exposed religion and buhari for what they truly are, totally inept and useless.

vezycash:
Yup. Stays on surfaces for 3 days. Upto 28 days in cold regions. So if you're still skeptical, go with hand gloves. When you reach house sundry the thing.

If you get spirit, or vinegar, clean it well and let it alone for 30 minutes.

MiVida:
I had to lie at a time in order for us not to see eachother for days and even at that time, she got data and couldn't stop texting me on WhatsApp or calling my line... I'm just tired[b]! She went for lectures now, that's why I have room to type this sef[/b]

ursullalinda:
Abi oh.....before now I used to see an Emir as an authority symbol in the North....But Gandollar just proved he is a mere public officer that can be treated anyhow......their business sha.

Ever8054:
repeat that nonsense again....

densiks:
There’s no big deal about this story.

There is an alternative to request her remains to be sent over to Nigeria if they won’t grant a visa.

After all it is not a must that she should be buried in America.

Shibaraba:
Should we tell her?

val4sure:
Lol, is that what your girlfriend told you?
You may be shock when you get to find out the truth.

Wickedfacts:
Obviously, Apc learnt from what happened in Rivers and Zamfara.

jogsman01:
As expected... But I read that APC will obey court order on Oshiomole. Why are they appealing

sarrki:
I dey vex for you
Where have you been ?

Olalan:
Misinformation everywhere. You use mask when you are infected so to avoid spreading it to others.

Offpoint:
Everyone reading this, start amending your ways.
Call those you offended and those who offended you and make rights.

Write your wills
Pray for forgiveness of sins
Visit your love ones you've not seen in a while....


Terrible days are coming, this is not Ebola... this shît is airborne and Lagos is its landing place.

If as technologically and medically advanced is China, you can imagine the death rate. China is not a religious country, there are no church weekly Crusades, they're aren't waiting for miracle waters, they're aren't taking the infected ones to church....

Imagine what is coming to Nigeria, terrible days are coming.... God help us all.

Baba God I know I've not been your favorite child, but I know sey this year is not my end.

I have a friend who has been saying everyone will died in year 2020 since 2015, baba God hope this is not it... help us all.

TechCapon:
The criminal even had the guts to switch on the air conditioner behind him

DaddyRochie1642:
Which country be "Diamond Princess"

ikorodureporta:
Corona no fit kill any black man...


na stigmatization go kill us finish... imagine coughing & sneezing in a BRT.. u'r finished!

sarrki:
Oga IG what you needed right now is

Do away with evil men among the force


polite behavior in society and among your members

Finally professionalism

Oppy4God:
can't wait to meet the lucky dude this year and meeting my In-laws can't wait to meet the lucky dude this year and meeting my In-laws

Sexyliciousbri:
My sweet mom 100k and dad nothing

Bigval5:
Next time, there are things you joke with, not with God Almighty

Bigval5:
Next time, there are things you joke with, not with God Almighty