₦airaland Forum

The name should be 'android phone by Nokia'.
I expect this phone to great.

friend zoning only happen with guys who have some kind of principle.
like me, I decided that I will never date any girl who is a blood relative to my friend.
yeah, guess what, I have a trail of people who think I'm heartless.

Imagine if we broke up, how it will impact the real friendship I have with her brother or cousin.

If you're an ugly girl, you sure will get friend-zoned by me.
Some guys don't mind, they'll get under anything in skirts. Not this guy though.
I made a pact with my brain, if she ain't good looking don't even look again.

joe4real12:
Heart break Weak guys everywhere

you missed out on that beautiful thing didn't you?

we in Mars don't know what N power is. We only come to N power threads to buy land.

congrats boys. You've done well.

lalasticlala

I'm using a custom ROM. I downloaded the app, installed it, only for it to say my camera cannot connect to it.
please who has any idea.
I can't register.

mtcheew

dickrider:
This is one of the reasons why the igbos won't get any biafra. We need their technological know how to build a better and prosperous one Nigeria. The yoruba's are sophisticated and far ahead in academics and politics while the Igbo's knowledge of business and technology is second to none. The only constraint here is the north but we have to keep tolerating them cos the British handed over power to them and they are born to rule Nigeria. Biafra will never come. One nigeria we shall remain.

Die now!

alakara:
Lagos is now Niger Delta.

Who is this non-geologist making a mess of technical terms?
The Niger Delta is the place where the Niger river empties into the Atlantic ocean. It forms the sign 'Delta' before it empties into the ocean.
Other Deltas: Nile Delta.

The Basin around the Niger Delta was automatically called the Niger Delta Basin. The Niger Delta Basin does not stretch to Lagos State. Crude oil is not restricted to the Niger Delta basin alone, therefore, your misconception.
Nor is it a name for any place where you find crude oil.

Anyway, what you meant to say is, "Lagos state is now an oil producing state."
Now that's the correct statement.

donzi:
"you no see as the t=-shirt dey, she had to contribute with other women and donate for it, if not hunger take over"

you get sense? broke person go protest but first e go go buy protest shirt?

Zombie get sense na.

Milllz:
What kind of silly story is that. You had to wait to get to the finish line before you supposedly 'FELL'. Find a better lie.


I don't see any difference between this and diving in soccer, there should be consequences.

*modified
I think mother nature is telling me I need to upgrade my IQ.

Mother nature is right.

malikombi:
Funny man, cut the crap jur.....we are together. #1love

Lol. No mind me jor. one love bro.

malikombi:
Funny man, cut the crap jur.....we are together. #1love

Lol. No mind jor. one love bro.

Evidence of doing something.
Next, he'll address the problems these women has. That was the reason they protested in the first place.

*modified

just look at this woman. Hunger dey wipe you. Yet you see money take go buy T-shirt 'tagged' widow.
Or na APC share am give una?

malikombi:
I'm murdering English already. Not all comments are meant to be understood by a "common man" Forgive me.

Apology accepted but.. But genius, what are doing in the forum of common men? Trying to belong?

boluwatife66:
Your foolishness stinks to high heavens. I have alot of igbos in my church and I have followed few to their villages for wedding, so I know how your villages are. You can see a hut here and you will need to walk another kilometer before you see another one. Bitter leaf is usually your fence. And I know this because I have been to your god forsaken villages

I would engage you in an exchange of words but I'm not jobless.
so long sucker!

boluwatife66:
And the gods are already punishing you not addressing the message but focusing on the messenger. I hate you guys for just one reason, you are always quick to look for enemies. I live in the north and I can tell you that igbos stupidly stinks, they build houses everywhere and they are also the most abusive of their host. I am a Yoruba from Kogi and I can tell you I hate the mention of Nigeria than most igbos, but I will rather wait till my voice can be heard than look for enemies where there is non. Look at your properties in PH after the war, were the handed back to you? No, but you are always quick to vent your anger on Yoruba And Hausa as if they are the reason why your village remains in disarray or huts

who is this fool.
I don't know where you guys get your news oh.
But in my village and all the parts of the south east, there hardly any hut.
if you see a hut, it's there for fashion.
My Dad, doesn't have a car or a house in warri but we have a mansion back home.
Same goes for must Igbo people these days.
Igbos are really coming home.
Igbos only have their businesses outside but not without a mansion at home.
Where do you think they invest all the money?
Why do you think they are stingy.
Yorubas I keep saying travel. If you want to know if someone is a yoruba man/woman throw a question only one who travels can answer.
And you won't even find one brown roof.
All those your tenants you see have mansion back home. If you think I lie, ask the closest Igbo person you know.
The civil war thought is that. We've learnt our lesson.
So stop giving old sermon.

we truly are.

...

malikombi:
Same thing in awgu LGA in Enugu. You dare not kill 'em big black shining snakes...... Between, let's migrate to FP...............

no vex oh. But does 'between, let's migrate to FP' make sense to you.
Which kind English you dey speak bikonu?!

malikombi:
Same thing in awgu LGA in Enugu. You dare not kill 'em big black shining snakes...... Between, let's migrate to FP...............

no vex oh. But does 'between, let's migrate to FP' make sense to you.
Wish kind English you dey speak bikonu?!

Islie:
http://dailypost.ng/2016/08/13/died-buried-days-crowned-king-anambra-traditional-ruler-eze-onyensoh/

Iron Born. What is dead may never die.
#GOT fans will understand.

Estharfabian:
I can't be the only one that find this question pretty much self contradictory.




he's already dating A chick. let him be!
buh If You wanna be his side-Chick and/or bootycall...by all means! Grind away!

'By all means' and 'grind away' belong in the same sentence.
I'm sorry. I go all OCD when it comes to English language mistakes.

The only difference is the make up. They look happy before; they look happy now.

noted

So this hardship is a God sent hardship.
So many people are now venturing into agriculture.
Thumbs up to Dangote, Obiano, Abakiliki 'rices'
Lol.
We must progress for this country.

.

This he said really makes sense.
Please lalasticlala push this to front page.
This needs to trend and make sense to those who matter.

"Time to Revisit Redenomination
--

Nigeria is officially in a recession but that is not even the troubling thing. The more troubling thing is that our naira is very unstable especially after it was allowed to float.

It may take some time for the naira to stabilize or it may never stabilize. But one thing is clear, while the naira is going up and down it will affect businesses.

Businessmen will have difficulty planning because you need stability to plan. Foreign Direct Investors will be wary of Nigeria because they need certainty before they can invest.

Already several international financial institutions including WorldRemit have suspended money transfers to and from Nigeria.

The truth is that if we keep on doing the same thing, we will keep on having the same results. That is just plain commonsense.

We need to do something radical to change our situation for the better.

I recommend going back to the idea of re-denomination of the naira that was floated by the former Central Bank of Nigeria governor, Professor Charles Soludo about eight years ago.

That idea was a brilliant one which had worked in Ghana and helped stabilise their currency and boost their economy.

Many Nigerians remember the Ghanaian cedi from the eighties as a very weak currency compared to the Naira. Many of us who are old enough used to laugh at that currency.

However, after Ghana re-denominated the cedi in 2007, the currency bounced back and became stronger vis-a-vis other major world currencies.

In the 80s, one Naira could get you over 40 cedis, but as of today, one cedi would get you 80 Naira. The table has been reversed! The cedi is now stronger than the Naira and Ghanaians are having the last laugh.

One dollar would get you 4 cedis today whereas one dollar could get you almost 400 Naira. But the main difference is in the stability. The value of the cedi remains strong and stable while the Naira is weak and unstable.

Ghana was not the first country to re-denominate its currency. Turkey re-denominated its currency in 2005 and it was a success in fighting inflation.

In fact, before their re-denomination exercise, Turkey suffered from hyper-inflation, but after the Turkish Lira was re-denominated and six zeroes were removed from the currency, their inflation reduced to single digit rates.

China has also re-denominated and their currency now competes with the dollar as a world currency.

Professor Soludo planned the same thing for Nigeria. The naira re-denomination he planned for would have taken two zeros from the Naira meaning that N10 would automatically become 10 kobo while N100 would become N1 and N1,000 would become N10.

The expected result of the re-denomination was that it would neutralize inflation because more currency would be in coins and just the psychological effect of that alone would drive down prices.

Also, one of the major reasons why a currency has or does not have value is the cost of printing it. With the re-denomination, the cost of printing the Naira would have gone down as less high quantity of high denominations of the currency would be printed and be in circulation.

Also, re-denominations immediately drives down the costs of handling cash and book keeping as well as other accounting costs.

The international consulting firm, PriceWaterhouseCoopers noted that the re-denomination of the Ghanaian cedi reduced the cost of doing business in Ghana by, and I quote, ‘reducing the time taken to input financial data and time spent by management in reviewing the same’.

Nigeria has a great economic challenge today. Inflation is now in double digits whereas it was in single digits last year. The purchasing power of the naira is losing value everyday. The naira is exchanging for the dollar at double the cost it did last year. Banks are firing their staff. Businesses are closing down.

If we continue to do the same thing, we will continue to have the same results. It is time to try new ideas.

Over 50 nations have re-denominated their currency. There is enough evidence of the success of this exercise. We do not have to reinvent the wheel. Let us learn from others and save our economy.

Was it not Einstein who said that doing the same things and expecting different results amounts to insanity? We can keep switching from the Dutch Auction System to the Modified Dutch Auction System to stopping the sale of foreign exchange to Bureau de Change and reversing that policy, but where would that leave us? Where has that left us?

And some of the policies we are putting out there just look to me like panic measures which cannot get us the results we are seeking.

Let us do the prudent thing and redenominate and then going forward there should be a convergence of the official interbank rates and the black market rates.

Once we have a redenomination in place, the next thing we will need is for the Central Bank of Nigeria to be truly independent. No more should anybody or institution, no matter how powerful, have a say or any influence on how the CBN directs the monetary policy of the nation.

The CBN governor must be allowed to take decisions without looking over his shoulders. If he is always being second guessed by the executive or by influential captains of industry, he will lose his gumption and his command presence.

This is what happened to Professor Charles Soludo after then President Umaru Yar’Adua intervened to halt his naira redenomination project on the flimsy excuse that Soludo did not consult with him.

Ideally, the CBN governor should consult with the CBN board and the Monetary Policy Committee and once decisions are taken at those meetings, the President should be informed first as a matter of courtesy and not for the purpose of seeking approval from him.

Ideally, it is the Senate that should oversight the CBN and that is why we get regular briefings from both the CBN and the Minister of Finance.

In America, their version of our Central Bank (known as the Federal Reserve), like many other central banks, is an independent government agency that is only accountable to the public through the United States Congress. Neither the US Federal Reserve nor its chairperson are answerable to the American president.

The result of this is that the monetary policy of America is completely divorced from politics. It does not matter whether there is an election or not, if the US Federal Reserve needs to take a decisive action, it takes it.

This same practice is in operation in almost all nations that have a stable economy. The only nations I can think of where the President interferes with the autonomy of the central bank are Venezuela and Zimbabwe, and looking at the state of their currency, I am not sure that is the route Nigeria wants to take.

My name is Ben Murray-Bruce and I just want to make Commonsense!"

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