₦airaland Forum

That's Port-Harcourt during the renovation of the international wing during Jonathan's term of office, not been back there in a while and wouldn't know if this still obtains.

So charley boy get bus stop for Abuja.

At least, its better than this one

shobroy10:
The FTC guy Don smoke hate plus weed so E will nver sense anything good

You are right.

The United States dollar will further tumble against the naira at the parallel market this week as Deposit Money Banks continue to reject cash deposit of foreign currencies into customers’ domiciliary accounts.

The naira had appreciated against the dollar from 245 to 220 at the parallel market last week after banks started denying their customers opportunity to make cash deposits of dollar, pound and euro into their domiciliary accounts.

Foreign exchange dealers told our correspondent on Sunday that the naira would likely appreciate further against the dollar at the black market this week.

A forex trader, who chose to speak under the condition of anonymity said, “We expect the naira to appreciate further this week at the parallel market.

“Banks have flooded the market with dollars and other foreign currencies. This is making the naira to appreciate. There is still a huge stock of dollars out there that the banks will be pushing into the parallel market this week.”

The Acting President, Association of Bureau De Change Operators, Alhaji Aminu Gwadabe, also noted that large amount of dollars in the market would make the naira to appreciate further at the parallel market this week.

Banks had last week told customers that they would no longer collect cash deposits into domiciliary accounts.

Fidelity Bank Plc, in an email to customers, said the policy came from the Central Bank of Nigeria and it was only a temporary measure to curb speculative activities.

Guaranty Trust Bank Plc also told customers about the development in an email statement.

“Banks no longer accept dollar cash due to large speculation on the currency,” the Chief Executive Officer, First City Monument Bank, Mr. Ladi Balogun, told a conference call last week

He said the lenders would continue to receive dollar transfers from other banks.

The Governor, Central Bank of Nigeria, Godwin Emefiele, had two weeks ago said the naira was “appropriately priced” at its current level of 197 to the dollar on the interbank market.

The local currency has lost around 15 per cent against the dollar over the past year, with an official devaluation in November and a de facto one in February.

The naira had weakened on the parallel market, falling as low as 245, on persistent dollar shortages after the central bank last month limited importers’ access to dollars in order to save the external reserves.

Early last month, the central bank fixed the spread at which bureaux de change operators could sell dollars to individuals, and also limited the amount that bank customers would spend using their debits cards abroad.

Although the restrictions have angered investors and frustrated companies that need dollars for imports, Emefiele has rejected the idea of loosening the curbs, saying the central bank could not adopt an “indeterminate policy” of currency depreciation.

Global ratings agency, Standards & Poor’s, had also said Nigeria would have to devalue its currency at some stage, possibly by more than 15 per cent, though it saw the adjustments as likely to be gradual.

FCMB’s Balogun had also noted that the parallel market was beginning to see a reversal in the naira’s weakness as banks stopped taking dollar deposits.http://www.punchng.com/business/money/naira-to-rise-further-as-banks-reject-dollars/

Kbs468:
you are getting popular but U are neither happy nor smiling, dat is werd U know. Well i am a gulfer not by moniker but by hubby hence my comment is understood by all.

Good morning and can we know you or its just d moniker dat sent U an invitation?

Golfer (i.e, you play Golf); you meant to say

Aare2050:
so thats what made you deflect my goal abi

Kbs468:
Ofcourse but remember dat I mentioned Gulfer, meaning neither me nor Zeeenas is Cash crunched, so no need to press any sale button you know

I am getting popular

iamrealdeji:
yes you can't cos you're a northerner,but there Is something funny about this introvert,it seems her mission and claim to fame on nl is FTC,she doesn't post long comments,doesnt reply people,ignores mentions,oga o. Which kind girl be this one

A dull girl ni

vicadex07:
spot the diffference

The difference is 7UP!

I will like to smoke this main weed someday.

Hungry bloggers everywhere, this is clearly some stupidity being displayed. Non of the front-line newspapers even got a snippet of this wedding. @OP, you are high on cow-dung.

If the doctor has declared someone clinically death, why are you waiting for certification by somebody who knows nothing about medical science to pronounce again.

Noted. Tanoids should know who to blame, I laugh in GEJ

Story for the gods, Bob MarleyPDP and the wailers

See Wenger for background

Jonathan knew what he was saying when he said and i quote, “People have been confusing corruption with stealing. If public officers steal money they term it under corruption….”.

Insha Allahu, I will overcome all these obstacles Jonathan put in my way to success

RIP my amiable VC, I think he replaced Oke as substantive VC after he left unceremoniously.

Any cost to this?

I had a good laugh with this.

Gulder United

Thank GOD no one died; @OP, is this a motorcycle

The card Don enter for my phone, thanks @OP

Mehn, you get liver o...... ....................To be able to attach the pictures without blinking.

RIP to the dead

ayusco85:
They actually want to bury him with all his properties, family and cars. So he can continue living his life even in death

And they cannot afford a befitting bier for the coffin

@Op; if you won't, others will

[quote author=INTROVERT post=35858594]Ok[/quoteArrive novotel hotel at 1742hrs] Unusual from IINTROVERT

Garri Bump

Iyan Ogun Odun !!!

Ishilove:
I know Lagos is a lagoon city, but this is just ridiculous.




http://www..com/2015/07/the-condition-of-herbert-macaulay-way.html?m=1

When there is a heavy downpour that is when the various 'secrets' of Lagos roads are revealed. There is urgent need for rehabilitation of roads in Lagos because the ones built by the past administration have gone to hell.

That section of the road has defied solution, Its just by the yabatech and CDC in Yaba................The drainage in that area is so bad and clogged that they may need to do a closure of that section of the road for two weeks to resolve this