₦airaland Forum

How much is a CNG conversion kit for cars? Is it readily available? Are local mechanics familiar with the conversion procedure? Time would tell but it's still a good idea.

Please,I hope this isn't true because I wouldn't tolerate it.

In Nigeria, the more you look, the less you see. If most Yorubas are really interested in breaking away from this country,now is their opportunity, playing cowardly hide and seek will not help them.

kalvoken:
If she's not given birth, not bleached her skin to sickness, no piercing of nose, not more than one ear hole. Mentally up to per, nothing else matters.

Virgin or not, once she done born, they will all become same.

is that not a tattoo that I'm seeing on her stomach, check the dressing sef?

In a sane society, Buhari and Tinubu should be in prison, support certificate forgers? Taa!

Government paid influencers have already started crowding up the thread to sing president Tinubu's praises over nothing. What good is all these announcements that are not translating into improved welfare for Nigerians.

Hoelujohn:
Dey play! I supported P O more than you in last election but anything that will make the naira strong, I support even though I will still vote for PO in next election if he contest because i see him as a lesser thief.

the CBN would eventually run out of dollars to defend the naira then what happens? PO solution is to increase the productivity of the Nigerian economy thereby reducing our demand for dollars to buy foreign goods among other practical measures. The current government can't solve this problem with this lazy approach that failed Buhari and with time,it would surely become more difficult to fix.

Nigeria is a crime scene.

Hoelujohn:
Una go cry die.

get a life bro, next time, you learn that elections have consequences.

The CBN governor have returned to the same Emefiele's policies that he criticized him for.

Foreign-exchange reserves is money or other assets held by a central bank or other monetary authority so that it can pay if need be its liabilities, such as the currency issued by the central bank, as well as the various bank reserves deposited with the central bank by the government and other financial institutions, As of April 4, 2024, the FX reserves stood at $33.43 billion, down from $34.45 billion on March 18, 2024, according to the latest data from the CBN.

Nigeria’s foreign exchange reserve plummeted to its lowest level since February 20, 2024, when it was $33.42 billion. This marks a decisive end to a period of steady accrual, during which the reserve witnessed a 43-day surge, accruing $1.28 billion between February 5 and March 18, 2024. The CBN earlier attributed the rise to increased remittance payments from Nigerians abroad and heightened interest from foreign investors in local assets, including government debt securities. The apex bank also noted that the increase was due to reforms in the foreign exchange market and an increase in oil production amongst others.

The downward trend reflects a significant drawdown in the reserves, which have been depleting since March 18, when they peaked at $34.45 billion. The reserves dropped to $34.39 billion on March 19 and continued to fall steadily, hitting $33.57 billion by April 2, and further sliding to $33.43 billion by April 4. This marks a decline of $1.02 billion within 18 days, indicating the pressure on the reserves amid ongoing efforts to stabilize the local currency.

CBN’s FX Interventions
The CBN has been actively intervening in the foreign exchange market to shore up the naira, which has been under pressure from various economic factors. This intervention often involves the sale of dollars to ensure sufficient liquidity in the market, an action that has likely led to a decrease in FX reserves.

Within the 18-day period under review, the CBN announced the complete clearance of the valid foreign exchange backlog and the sale of $10,000 foreign exchange to each Bureau De Change operator (BDC) in Nigeria at a rate of N1,251/$1.

What You Should Know
The depletion of FX reserves is a cause for concern as it reflects the state of the country’s balance of payments and its ability to meet international obligations. A significant decline in the reserves can affect investor confidence and may lead to a credit rating downgrade, which can further impact the nation’s borrowing costs.

Nigeria faces multiple economic challenges, including theft and losses in the oil and gas sector, which have traditionally been a significant source of FX for the country. The decrease in reserves may also limit the CBN’s ability to intervene in the currency market, potentially leading to further depreciation of the naira.

The International Monetary Fund (IMF) recently projected that Nigeria’s foreign reserve is expected to see a significant reduction, falling to $24 billion in 2024. The IMF anticipates a challenging period through 2024–25 for Nigeria’s financial account, exacerbated by an absence of new Eurobond issuances, significant repayments of existing funds and Eurobonds totalling $3.5 billion, and continued portfolio outflows. However, it projected a hopeful recovery to $38 billion by 2028 as portfolio inflows are forecasted to increase.

Policymakers may need to balance immediate currency stabilisation efforts with long-term economic strategies to ensure the health and stability of Nigeria’s financial position on the global stage.

Source: https://nairametrics.com/2024/04/07/nigerias-fx-reserve-dips-by-1-02-billion-in-18-days-on-cbns-naira-defence/[sub][/sub]

jamesversion:
Yeah, comment from a girl living in Benin City.

lol,why are you this wicked?

everythingtall3:
I have never for once slept with a prostitute but I use to feel the same way until i saw one prostitute in allen , even though i didn't sleep with her but she tick all my boxes in appearance and I swear if you leave me and that girl alone , i would do her unconsciously

lol, I have been with such women but as either girlfriends or friends with benefits even though we both knows what she does. Believe me,I once had a student on tp working under me, she didn't hide been a runs girl from me (most of them are usually runs girls) but was really in love with me while I kept running for my life, she was everything I wanted in a girl except the runs part, she later got married about a year after her tp and I regretted not been the one that married her when I realized that most Nigerian men would eventually end up marrying coded runs girls unknowingly. Baba, just hold money and packaging, you would see the real akwuna nature of 99% of Nigerian girls, na girls go de chyke you for campus instead of you chyking them.

pretydiva:
Sir, there are still decent Nigerian girls in Nigeria

yes but very few and very difficult to get, I was in the bus yesterday with female students going for a traditional wedding of their colleague to a yahoo boy, They were even not ashamed of their purpose to the wedding is to hunt for yahoo boys, I was at another function that same yesterday ( a big funeral) see as some babes were flashing flesh. Our society is becoming a cash and carry society giving rise to baby mamas and broken families because every girl wants to own an iphone and men are willing to pay the price to satisfy their lust and misplaced desires, it pains me.

This story shouldn't be swept under the carpet.

obiekunie01:
bro!

evn to fk a girl whn i know her bf dey do me somehow talk more of one wey na evry tom dick and harry go come pour commot!

some men get mind i swearagad!

lol, I use to feel the same way until I realized that there's hardly any Nigerian girl that is sleeping exclusively with only one man. Modern relationships and marriages don't make much sense to me anymore.

I can't pick and smash a prostitute even though I know most of the girls I have smashed especially in school environments are low key prostitutes. Seeing them on the job gives me the goosebumps.

Jeon:
They always join the men to call some of us Men haters ,when we advice our fellow women n't to stoop so low and give all to men.


A man can dump you at anytime no matter how long you have spent or sailed in a ship with him acrossed the ocean in a stormy weather [She stay3d because she saw his future ] , I trusted NL Men to blame her for that again. This is why I always laugh at those ladies in a relationship that's not up to 4mths,6mths,or a year that do carry relationship and Men for head like canopy. If a man can leave a woman that spent 30, 40 to 70 yrs with him, then who are you ?.

My dear take heart, I wish you a fast recovery...

for every Nigerian man that dumped an innocent woman for whatever selfish reasons, I can show ten Nigerian ladies that dumped their husbands for similar reasons, you ladies finds harder to take what you dish out.

Gf

adamusuleiman1:
The battle of the godfathers.


Peter Obi also failed when he tried to be a godfather to Obiano.

Chimaroke Nnamamini (Ebeano) is the only one that comes 2nd to Tinubu; however, Nnamdi Kanu poured sand into his garri. Rochas Okorocha, Sullivan Chime, Peter Mbah, Frank Nweke, Ekweremadu e.t.c are all products of Ebeano.

please, how did Nnamdi Kanu pour sand into Ebeano's garri?

Still looks like a Fulani.

That's what they keep telling us each time they increase tariffs since 1999 yet we never get the improved services, only the increased bills. Nigeria was better off under military rule and that's a shame. Present day Nigeria is a crime scene.

santaclaws:
If Iran tries any nonsense with Israel, it's gonna be their end. . .It has always been their dream to wipe out Israel, but they only made them more formidable and stronger.

They should learn from the Israeli-Arab war of 1967; 3 countries, all defeated by Israel in 6 days and that led to Israel's expansion.

Iran is neither Arabs nor part of that war.

Nigeria is a crime scene, the Nigeria is becoming like the biblical Israel where one can't eat unless he's a liar or a thief. Calling Nigeria a zoo or a shithole was an understatement. She's worse than that.

Nbote:
Hahahahahahaha... These guys are clowns. They are stylishly trying out a tariff increase to see people's reactions

quietly, everybody's tariff would be increased meanwhile no hope for increased power supply or supply of meters. Nigeria is a crime scene.

ironheart:
I tried to test the tariff with 1k, they gave me 4 unit. I was like WTF they cannot even wait a min to increase tariff. But its difficult for them to repair transformers

Nigeria is a crime scene.

Check out their police camouflage, Nnamdi Kanu said it on time that these people are well funded with connection in high places and they're out to conquer and occupy Nigeria as home for all Fulani in Africa because they're currently been chased around due th their devilish acts.

So who made those cuts on her body and didn't she scream for help.

So would the refined products hit the market?

Kukutente23:
And you think frying yam is a better option?
What us there to say frying yams will survive the lack of patronage

essential businesses like roadside food businesses are better suited to survive in this economy because people must eat and roadside food businesses are the cheapest for the consumers.

Kukutente23:
And you think a girl dating such a guy should aspire to be frying yams?

Will you really think highly of a girl if you are in such shoes?

what if she has no better options? Jobs no de this country now and businesses are closing from lack of patronage.