₦airaland Forum

tkb417:
2 things!!

The places you highlighed are turning to urban centers. I dont know how you see places like that, but the rural areas of yesteryears are now almost an urban center. I hope you know we have a Polythecnic in Ilaro

Back to your question

An average farmer in Ilaro earns money cultivating seasonal crops and engage in petty trading and side kicks (FACT). I cannot place a figure on it but i know a family of 4 in Ilaro wouldnt live on a dollar a day.


Lemme dance to your tune a bit. A farmer earns 14 a month, feeds 4 people abi
14/4 = 3,500 per person in the family

convert per day to a doallar and your analysis show a person live on 0.78 USD per day

pls, give me a sensible analysis that show how such a person eat, pay for rent, send children to school, enter bike, buy clothes and cater for parents and other extended fam (which is normal in 9ja)

[b]im only asking for a reasonable analysis and not what u have read somewhere or what you think is true. Tell me how they do it?

are you saying they dont own fones? they dont buy cards? they dont wear clothes? they dont pay for school fees? they dont buy cerelac for heir babies? they dont pay hospital bills?

what are you people chatting? i have seen, been at a forum where the country representative of World Bank and the country rep pf pwC argued back and forth on the stats the west bandy around. at the end, we all laffed at some of the stats cos not do they only sound ridiculous, they sound unrealistic and silly in a way

Your perception about the level of poverty in Nigeria cannot be measured astrictly because of the way our society is fragmented and the unavailability of data. The unavailability of data is partly cos 70% of the income earned in the country comes from the informal sector.

The local baba alajo in Ilaro would tell you, the mechanic ure refering to as poor, has an ajo of over 300k in his coffers

how do you reconcile all these hidden figures with your 0.76 cents a day jargon[/b]

Thank you, your head dey there and you surely think with your brain.

paulo1234:
You see UJ as broken a bit lower. At least 30 pips away from yesterday point. I am looking for another opportunity.

Thanks

It has not broken bro, it has to break 83.45 before you can think of shorting more, for now, it has not really gone past the normal rally price range for weeks now.

Watch this space "83.70 is just too strong to be broken by the down trend, it needs to break before you can continue the down trend"

4 Play:
 

Weed is bad for you.

Most of una wey dey stay for places like Lagos and PH are as clueless about many parts of Naija as someone living in London. Please don't give me crap about your occasional visits to rural areas. As someone who grew up in a small town, I think I've a better idea of income levels outside the big cities. Most people's annual income will be between 10k and 14k, by the time you divide that by the size of the household, you come up with less than a dollar a day.

My personal experience is backed up by research by disinterested researchers. The only reason you are ranting is out of your warped sense of national pride. Immediately you see British attached to a perceived ''belittling'' of Naija, inferiority complex takes over your brain.

And what made you think i grew up in Lagos? what makes you think you know about Nigeria and its settings more than i do?

well, i don't want to continue with this discussion, it's not worth it, i am yet to see any link from you coming from this same Nigeria you claim to know alot about.

What you are not getting is the fact that most people living outside the cities are not civil servants, they are mostly into the informal occupations, a dude that grew up in a small town like you should have known that.

Your problem is that you think anyone who differs from your boss's opinions tend to be suffering from inferiority complex, too bad for you, i haven't in anyway disregarded this article in totality, rather i have only concentrated on the 70% theory i have been hearing for good 10 years now, but then you couldn't have seen that yourself because like you said, Immediately you see British or west attached to a perceived ''belittling'' of Naija or africa, inferiority complex takes over your brain and you begin to nod your head in agreement to whatever they say of you.

^^^^

You still do not make sense to me, none of the pages you posted got anything to do with me, so i think you are the one with sight issues.

I didn't see any of my posts on these 2 pages, nor did i see you or m responding to eachother on these pages.


Good, find someone else to spend the night with!

God, this NFA is as corrupt as the whole of Nigerian politics, why did it take this man all these while before spilling the beans?

Because he was not re-elected?

IMMEDIATE past Vice President of the Nigeria Football Federation (NFF), Obinna Ogba, at the weekend stunned the country when he confessed to the many lies concocted by the NFF to keep its members in power, including deceiving world football governing body, FIFA, on the state of Nigerian football administration.
Ogba, in an interview published by a local website, The Nigerian Social Worker, also revealed that the NFF makes over N1.2 billion annually from sponsorship, admitting as well that the federation got a court order stopping the elections, which saw the emergence of Aminu Maigari as the new president of the body.

On the court injunction, Ogba said: “It’s true that there was a Lagos court order served on the NFF board. I am aware that Super Eagles’ former player, Chikelue Iloenyoesi, served the injunction on Aminu Maigari. The assistant secretary general of the federation presented it at our last board meeting.
“Based on the premise that the present federal government under President Goodluck Jonathan respects and stresses its official mantra in the rule of law, board members reasoned and all agreed that the election be postponed on that ground. It was part of our communiqué. The Congress vetoed it; remember, too, that the congress is the highest organ of decision in the game.

“The Director General of the National Sports Commission, Patrick Ekeji, even called myself, the then acting president, Aminu Maigari, and Dominic Iorfa to advise the NFF board to obey and respect the court order. They wrote us in that effect and left us to take the decision.”
On the decision to keep the truth from FIFA, Ogba said “there was an advocacy that the board should keep quiet and refuse to tell FIFA about the court order. Here, let me tell you, a member of the board, Dr. Peter Singabele, met with the CAF and FIFA observers and let them know of the court order, which he showed them.
“In principle, FIFA was aware of the court order but a clique of people hiding under the cloak of FIFA decided to manipulate the Congress to ignore the court and conducted the election.”

Ogba revealed that the election into the present board was manipulated by some people, who wanted to continue controlling Nigerian football, adding that there was no way an outsider would have won a seat on the board. According to him, “the former leadership of the board under Sani Lulu had the delegates in their firm grips. Their loyalty to him is 100 per cent.

“He dictated the outcome of the election. I have no regrets about how we got to this position. I can’t spit and go back to lick the spit. I have a name to protect. The impeachment was done to save Nigeria’s face and Nigerian football. Nigerians wanted and applauded what we did.
“For those who spit on the ground and went begging on their chest and licked their spittle in the process, so be it. None of us that signed the impeachment returned. It’s okay.
“I wish the others would take it in good faith and watch the proceedings. It’s only change that is permanent in life. Something will soon happen. Watch out.”
Ogba described most of the people controlling Nigerian football of as jobless men, stating: “Football administration is their full time job. They can’t survive outside football. To me, it’s a hobby. I’ve returned to my politics and business.

“Candidly, we needed to have used the will of the Sports Minister, Ibrahim Bio, to got it right once and for all. We have squandered it. This opportunity may not come our way again. Anyhow, at worst four years is by the corner.”
Ogba, who was chairman of the Marketing and Sponsorship Committee in the last board, revealed that the board generated in a year about N1.2 billion, but failed to reveal how the money was spent. He also denied knowledge of the actual amount of money that accrued to the board from sponsorship, FIFA and the Federal Government.
“By now I hope the EFCC would have gone deep enough into the matter,” he said. “I hope they will be able to make public their findings. They will know the individual involvement as it concerns money.

“I was just a board member. I do not have approval limits or powers. Mine is to attend meetings and contribute my quota and return to my state. I don’t know how much was generated.
“I know that a lot of monies came into the coffers of the NFF during our tenure. Our board participated in all FIFA, CAF and WAFU competitions. These will require so much money to prosecute. I am not defending anybody but I also do know that most of the things that were done during our time did not pass or get approval of the board. The records are there to show.

“For instance, when we returned from the 2010 World Cup in South Africa, the president told us there was no money to pay the legitimate allowances of board members. We believed him, only for the EFCC to freeze our account and got to know how much was there. It baffled us.”
On government interference on the affairs of the NFF, Ogba admitted that the Federal Government funds the federation, and therefore had the right to inquire how the money was spent. He stated: “We are all aware of the fact that Decree 101 is an existing law. It is on the strength of that the National Assembly appropriates funds for the NFF.
“Our board lied to FIFA that Decree 101 has been repealed. This is not true. This is fraud. For government to have put money in the NFF, taxpayers’ money, she has a right to ask how the monies are spent. That does not amount to government interference. This is a part of the primary duty of good governance.”

kickoffnigeria.com

^^^^

All the links you posted has nothing to do with me, my comments, because no post of mine is on the pages you posted.

Sagamite:
I showed you the logic of how incomes are higher in urban areas than rural areas and you said it does not apply to Nigeria, now you are claiming you did not?

So on average those abroad in the West are not better off than those in Nigeria?

It is not the OBVIOUS better life in the West that attracted them?

What stewpid assertion!

Show me your proof. Have you been to all local areas to count?

Is that not the moronic question to ask as proof?

So when I give you strong empirical, obvious-to-a-high-school-student facts that applies under logic globally, it is not satisfactory. You want to know whether I went to ask every villagers before you find it acceptable.

But you spew moronic logic that defies all logic and I apply your rules and it is a problem?

You should have at least quoted the comments i made that you think i made those baseless assertion you are talking about.

You still believe that all Nigerians that left for the west are better off than when they were in Nigeria?, it seems you always miss the parts in my posts with (some, most, few, others) are you eyes too dim to see these exceptions?

Anyways, i can't continue with you, i am getting bored of your usual typing/insults

Sagamite:
You must be completely deluded.

WHAT UTTER CLUNKING, RIDICULOUS, MORONIC FALDERAL.

This is how you, AS USUAL, get yourself in a stinker when you pick you facts from the air.

There is a community where humans live and you will not have the natural human competition to outdo each other?

What utter clunking rubbish.

So village people do not want to dress nice, do not aspire to live in nice houses and do not want to drive nice cars.

What moronic gibberish!

Apart from redefining human instincts, due to getting yourself in a stinker, you are also redefining economic logic.

So tomatoes grown in a village in the North will be the same price when it is transported for 12-18 hours by truck to Lagos? The driver will not be paid. The petrol was free gift from Shell. The Truck was donated by the pope. The mechanics work for free. The transporter was a good samaritan.

I bet even electronics made in Japan will cost the same by the time it travels oceans to Nigeria?

What moronic falderal.

Use your brain before you put points across and check your facts, do not get yourself in stinkers.

A leopard can never change its spot, i thought you'd change for once, unfortunately, the animal in you is stronger than the education you ever got!

I never wanted to continue with you, but then you kept recycling, waiting for an avenue to unleash, all the same, kindly accept my time with you as the greatest gift you'd ever get in your life (from me).


Someone with half a brain would have seen that i made provision for transportation with the price list, hence the reasons the price difference, but then you don't have the brain i expected from a 45yrs old man you are.

You (AS USUAL) get violent and abusive when you get yourself entangled with what you don't understand, but because you don't want to appear like your normal self, you'd end up turning it into an abusive conversation. Anyways like i said before, you always believe making sense is all about typing long essay (typing the same thing in different words) without any substance, you end up using foreign links in deciding what goes on in a country where half of those who wrote the info on the link have never visited.

Enjoy your normal internet ranting, always looking for who to test and compare your brain with, good luck with your abusive lifestyle, if it was before, I'd give you equal quantity, but then, i have other things to do instead of spending that time insulting an insult.

medjai:
Bayelsa United's Chibuzor Okonkwo is currently holding talks with Heartland for a possible transfer.
Okonkwo has been training with Heartland since his return from Russia where he failed to bag a contract with Rostov

his age i bet

Sagamite:
Sorry?

That is why they were dirty clothes, have BOs and have decayed teeth?

Try again, that did not work.

You really need to explain to me how a specie of animals do not do it bests to be attractive. That is the fundamental of animal mating existence (especially humans) and right here on NL, you are revolutionarily redefining animal behaviour.

Also, you did not answer how you came to the conclusion that food cost is the same in across Nigeria (in Villages and cities, prices are the same).

Because most of them believe in Pako (Local wood chewed to clean the teeth/tongue), those wearing dirty clothes must have been coming from the farm, were naturally dirty (since no one is watching them), did not see need to wash it since they are used to it in the rural areas (DOES WEARING RAG CLOTHES IN THE VILLAGES MAKE YOU A STARVING NIGERIAN?)

Animal ko, homosapien ni, i already explained to you, when you went through the villages, did you SEE all the villagers WEARING rags? haven't you seen RICH people that are naturally dirty?

The cost of food in the cities started from the villages, they are the ones who decide (from the start) how much the food will cost when it gets to the cities because it's how much they sell their wears to the merchant that will influence how much the merchant is likely to sell in the cities.

The villagers (most of them being the producers) eat from their harvest, i have said this before, so they don't have to pay cash to get the food they eat, but that does not still make the value lower than what the city dwellers consume.

In my price list, i never gave a static price, i had options there, e.g (rice sell for 120/130 in Lagos, sells for 140/150 in places like Bayelsa, Delta, PH, ABJ, it sometimes sell for 100 in the villages/rural areas and i also made option for that, check the price lists again)

Sagamite:
So people in rural areas make as much as those in Lagos?

Yet, people migrate at droves to Lagos looking for the honey on the streets?

Back up your assertion that few people in rural areas work for the govt.

Hehehe, all in your bid to defend your points, where did you see me type about rural dwellers earning more than the city dwellers? another way to run from the truth? they surely eat better food than some of the city dwellers because they are responsible for most of what the city dwellers eat.

Those that go to Lagos are those who want to live the Lagos life, those who must have (in one way or the other) believe it's greener in the other part, just like some Nigerians are running abroad, some end up getting so poor than they wished they remained in Nigeria.

How many government establishments do you have in the rural areas? answer the questions yourself and stop asking me things ordinarily you should know.

Sagamite:
Where is your proof?

Did you go to there houses one by one to ask them?

Back up your assertion that most people in towns and villages are into fishing/farming/hunting.

Back up your assertion that most have city clients.

Where is your proof?

Did you go to there houses one by one to ask them?

Back up your assertion that their main market is city merchants.

Where is your proof?

Did you go to there houses one by one to ask them?

You are yet to show me any proof.

Did you go around all the villages checking?

Why are you throwing back the questions i asked you? you should answer them, don't shy away from these questions, you keep SHOUTING fact! fact! fact!, yet you don't even have any evidence to back them up  

I gave you first hand evidence on how i got to know about the occupation these rural dwellers find themselves in, if you don't believe me, go to these towns,villages, ask them what they do, when i and some of my friends visit the village, we can home with fresh harvest, things you'd buy with thousands of naira in the cities, these people produce these food stuffs themselves and they are mostly healthier than the city dwellers.

Do i have to go to their houses to know that they transact with city merchants when i often see them loading trucks with their harvests?

do i have to go to their houses to know that they transact business with city merchants when i have first hand experience with them?

Ask Funny Iyanda, she once had a show that focused on the rural business way, all these things i am talking about were shown/discussed on the show, documentaries were shown too, so i am not basing my facts on a foreign link, neither am i comparing them with how it works in the west.

Bro, you do not have a case when it comes to how much value is consumed by rural dwellers because most of them don't buy what they eat, they produce what they eat, and if you are to pay for them, you'd end up spending more than $1.

I rest my case.

Sagamite:
You still have not explained how you came to the conclusion that villagers don't dress nice because they don't like to show off.

And how you came to the conclusion that food cost is the same in across Nigeria (in Villages and cities, prices are the same).

I am still waiting.

Because it's clearer for everyone to see, they don't spend all day watching TV, lusting after some expensive clothes, they don't have silverbird to visit, nor do they have to go to a nightclub, that shouldn't be hard for you to have pointed out yourself.

Why do you think people in the cities wear expensive clothes?

^^^^

Oh, if it can't be done online, then there's no need for it

Kashif:
@honeric, when paulo said "the trend is your friend", I think he was referring to the common saying in trading, not specifically referring to UJ. His thoughts were spot on.

UJ has been in a sustained downtrend from 92.80 so, you are not currently sure (though this is most likely) that it would reverse. For me, this pair is not attractive now even though it could be seen shedding more two hundred pips before looking up. Since it failed to reverse when I expected, I would wait for a pullback and then sell, if that is the best opportunity I find.

Remember - the more it heads down, the more the likelihood of an intervention from BOJ.

Yes bro, UJ's been down so far, but i think it has almost reached its bottom, selling might be a bad option for now because there are indications that UJ may likely head back up (at least to 86.xx/88.xx). though it's not that lucrative, but it's also not that dangerous.

Sagamite:
How did you know most Nigerian's have shops?

Most Nigerians live in rural areas. FACT.

Most of the villages would barely have up to 20 shops, so how can majority in the village own shops? Where do they own it?

Show me your source and research. I am very confident, knowing you that it is mere figure in the air assumption.

How did I arrive at my own conclusion?

Superior analytical thinking.

Same applies to Nigeria. Another special FACT for you: average wages in Lagos cannot be more than N30K per month infusing some generousity their. So I can deduce considering the income gap in Nigeria and my knowledge of the land that average wage in rural areas cannot be more than N10K (I am sure it is far less as most people are unemployed), yet they have a lot of mouths to feed.

Can you see the logic process?

Now explain how you came by your majority of people have shops.

Explain how you came to the conclusion that villagers do not like to dress nice.

Explain how you came to the conclusion that food cost is the same in across Nigeria (in Villages and cities, prices are the same).

I wait for your explanations.

I can see that you like typing, typing typing typing, yet they tend to be the same thing all over again, and it also seems like you are dragging me into this your recycling typing method too.

Ok, i will type small small sha.

All those links (foreign) wey u dey post na for your pocket, for Nigerian system, what works abroad does not neccesarily work here, because it is like that overthere does not make it so overhere, so sorry bro, post something from Nigeria.

Can you back up your statements with proof? MOST people live in rural areas? the rural area you are talking about, how many of these people did you find out from about the amount they spend on feeding per day?

Did you go into their houses to ask if they spend less than $1 a day or not?

What the city dwellers consume were gotten from the rural dwellers at a price, only few people in the rural areas work for the government, the rest are self employed (very rare to find someone not working in the village, except if he or she is lazy or handicapped (some of them own lands and they farm and do other things on their lands)

Most of the people in the towns, villages are into fishing/farming/hunting, most of them have city clients who come on a daily/weekly basis to buy from them, they may not have the "physical shop", but they surely have a place they transact business with their clients (apart from the general market).

The market these people transact business is not a normal market, rather it's a market where city merchants come to buy from the locals in LARGE quantities.

You surely do not have any superior thinking about the Nigerian settings, rather you have a tied up, recycled, fixed thinking about Nigeria and the rural area, you do not even know how they transact business in the rural areas, in your mind, you think these rural dwellers sell within themselves only, far from it, they sell to city dwellers and they also eat from what they harvest. (which is surely more than $1 if valued in naira).

I have had opportunities to work in rural areas when i was still with my boss, these people EAT CORRECT food more than the city dwellers, they don't economize their food, they eat abundantly, don't let the "rags" you see them wear deceive you, they might not have tap waters, electricity, street light, silverbird, but they surely know how to feed themselves with what i just listed above.

I repeat, when it comes to FOOD, Nigerians don't starve, they surely know how to eat, they know how to feed themselves, PLEASE FOR THE LAST TIME, never you say the rural dwellers spend less than $1 a day on feeding if you don't have a glaring fact to back it up.

I have been to ovia north, Ude, Akoko, Isale Apata, Odogunyan, sapele e.t.c and i have lived in these places for 1 day-3 months before.

I think we won't end this discussion if we continue this way.

I want to give you an assignment that you still haven't completed since i first gave you.

Where in the Rural areas have you been to?
How many families have you seen eating?
must these family pay cash for the food they eat before you value the food?

How do you know if a farmer eats less than a dollar a day if he eats what he planted himself?
How do you know if a fisherman eats less than a dollar a day if he eats what he caught himself.


As for the civil servants, most of them own the shops you see around, most of them own the danfos, bikes you see around.

Research! research!!, research!!!

i rest my case!!!!

God, i thank you in advance, because i know he's [b]surely [/b]going to [b]return [/b]all my [b]possessions [/b]with him.

Sagamite:
A lot [/b]of kids in some of the rural areas sit on the floor in shacks wearing rags. Meals, at best twice a day and not of the highest quality. Fone calls, is so rare, they are the ones than normally prostrate to the person on the line.

The [b]a lot you are talking about here, how many? 100? 1,000? 10,000? 100,000? how lot [/b]is the [b]lot?

you must have been checking around all the houses in the rural areas to have arrived at that findings.


How many Nigerians do you know in person that spends less than $1 a day?, let me make it easy, how did you come about the fact that 70% of Nigerians spend less than $1 a day?

Sagamite:
My point is that:

1) I know for sure that most people do not have shops except it if their main trade.

2) If most people do, then it will be reasonable to expect that out of my circle of 20-30 friends and family I know about, then at least about 5 should show the representation of the majority if it is true.

And No, they are not all civil servants. Most work in the private section with salaries ranging from 13K to 600K per month (for the ones I know) and they live solely on that.

Honerico, same question to you.

None?

Hehehehe, now tell me, how many of them earn #13k per month? what kinda job does he/she do? does she pay her/his house rent/ school fees/ feed/ transport/ handle other bills from this same #13k?
does he/she live alone? has mouths to feed from this #13k?

Because your 20-30 friends do not have other sources of income does not make some of the REST Nigerians so, your friends/family could be among those i exempted to be either poor/sick/handicapped or they just have enough to cater for their lives and needs, thereby not needing an extra income generator.

I do not work with the government nor under any private sector, i am on my own, and i have more than one source of income, i am not even rich, nor "poor", i have needed #1k in my account so bad before, and i have also had enough in my account that he didn't know what to do with them.

An average Nigerian is either a meat seller, tomatoes seller, fish seller, danfo driver, okada rider, shop owner, e.t.c, and most of us spend more than $1 every day on feeding.
Come to Nigeria, walk around Nigerian cities on fridays-sundays to see what i am saying about 70% of NIGERIANS not living below $1 per day!

Sagamite:
No, I grew up in Nigeria and I am one of those that frequent Nigeria every year and keep in contact with a huge bunch of my high school mates and herds of cousins.

I cannot even put a finger on any that has extra income outside his salary, talkless of owning a shop. None whatsoever except friends that do not have a 9-5 job and own their own multiple businesses. Most are normally only aspiring to set up some entreprenuerial venture.

I am talking about between 20-30 people o.

I meet alot of them annually at weddings etc, so I am current.

I would think it would be logical if majority of workers have second incomes especially by virtue of a shop it will make a slight dent in my own sample list. And majority of my sample are all university grads.

So you have a few of just 20-30 people, and you want to use that as a yardstick eh? well, are these your people civil servants? what's the size of their home? whats their take home pay? do you actually think they survive only on their salaries if they are civil servants?

lacidi:
@honeric01
You said that the analysts stated that they 'know' the girls to be MAMAs.

So you are saying that the analysts 'know' the girls personally and 'know' their ages? Did they say so on the programme? That they 'know'? Or did they say that they believe?

I did not watch the match on Sportsplash (whatever that is), but I need you to categorically state here that the analyst said that they 'know' the real ages of these girls.

Can you honestly say so?

Just a question, do you think these girls are less than 17 years old? have you seen them play? seen their faces? can you compare them with a "17" years old girl from Nigeria? in a general settings?

^^^^

I am not the only one who can see, even the sport analysts from Sport splash also supported by view about these girls, most of the sport analysts know these girls to be MAMAS, so don't come here preaching about sentiments/stereotypes ok?

paulo1234:
Bro you are correct but not all. It will be too early for you to buy else money may be wasted. You must have enough weight of evidence that the support will hold. For me it not enough yet things may break down. Check your chart everybody has been trading yen strong for the past many months. How can I decided I know the turn

Thanks

hehehehe, I never said you should buy or that i am buying now, i said the trend favors buy, with the way the market is moving, i am looking into entering a long position around 84.00/83.80/90, with sl at 83.60/40 area, targeting 84.85 as 1st TP, 2nd tp at 85.40, 3rd tp at 86.00

Sagamite:
Futhermore, I think it is utter crap to say MOST people in Nigeria have 2 sources of income. That is fallacy.

Very, very few homes have 2 steady stream source of income. Once in a while, every few months, people might delve in some small scale investments. It is normally not steady.

Most people do not have 2 sources on income. Some few do.

Wetin u know self? your statements about Nigerians in Nigeria are so outdated that one would think you have never been to Nigeria.
Even those in the private sectors are into other biz that brings income to their pocket, not to talk of the public sectors. most teachers have shops of their own, most state and local government workers have shops scattered around Nigeria, in fact, i dey talk too much, Do your own research.


I have given you assignment, do the research yourself and stop posting this your one-way statement.

Got other things to worry about.

paulo1234:
I do not think is time to buy UJ until the resistance to the up side is broken. Yen has been proven to be strong trend on weekly, monthly, daily charts. For me I do not buy pin bars against the trend. The trend is your friend.

Best Trading.

Which trend are you talking about? UJ has not gone down more than 83.80 for weeks now, how is that a down trend? i see it breaking back up, UJ needs to break 84.85 to return back to the long trend, the short trend is actually not strong enough, 83.70 is just too strong to be broken by the down trend.

martog:
This pair is at a major support level, and this dates back to May, 1995. On the weekly chart, we have 2 back-to-back reversal candles, and on the daily chart, we have had multiple reversal candles. My take on this is that I remain flat, till I see momentum on the long side.

My 50kobo ,according to Kashif  

Ok bro, i am looking to long too.

sevule:
@ Honeric01 et al: The statistics say 70% of Nigerians LIVE UNDER $1 a day not EARN a dollar a day. We all agree that the ratio of income earners to dependents in Nigeria is very high. So if as a civil servant I am earning 30k a month and I have a family of 6 to feed, lets do some simple maths.
Monthly income = 30,000
Daily income = 1,000
Family size = 7
Amount spent PER HEAD = 1000/7 = =N=142.8 (less than a dollar a day)
Assumptions: 1)Above mentioned civil servant SPENDS ALL his salary without having a single kobo as savings.
2)The civil servant HAS NO OTHER dependents(which is impossible in present day Nigeria).

Here's your answers to your questions

honeric01:

So you actually think a basic salary of 7000-15,000 naira (civil servant) can actually do all these?[b] clothes,school fees, buy goods and repair them etc? you think so?

Now, that's where you're getting it all wrong, Most Nigerians don't have one source of income, most homes all over Nigeria have more than 2 sources of incomes (except the unemployed/sick/extremely poor ones).
[/b]

An average Nigerian spend between 15k-30k per month on feeding (5 persons)

Most homes with 7-8 family size have some of their ward working on their own already, a Nigerian as young as 18 is already bringing money home to the family through casual jobs and all that, some of them don't even eat at home, rather they give to their parents. (Nigerian mentality, big boy/girl mentality).

yes, i strongly fault those "professionals" that came up with the 70% stat, 10 years ago? maybe debatable, but 2010, still 70%? that's absolutely rubbish (with all the urban migration that has happened so far).

Look for dollars where it's sold for 149/150 naira, keep the dollars, then wait for the price to appreciate to 152-155 naira, then sell it, you'd have gained 3-6 naira

Let's take an average of 4 naira = 4x1000= 4,000 naira.

you can also buy euros, i think Euros/pounds appreciate more, you might be lucky to have it appreciate for like 5-10 naira within few weeks, so that should give you close to 10k within few days/weeks.


That's just a few of what i can share with you!

within 2 days, the price is likely to appreciate, but dollars can't depreciate to 145, not for now (at least), it will only appreciate more if it gets close to 149/150 naira.

Is anyone watching UJ, is it trying to break downward or what? it's been dragging between 83.80 and 84.80, does anyone have a case study on UJ?

[quote author=na_so link=topic=509127.msg6706164#msg6706164 date=1283769491]^^^^^^^
lie for where.
Abeg Nigeria no get shame. Infact what annoyed me most was when the oyibo commentator said that nigeria has about the youngest team of the competition , that a lot of our girls were still in the 14yr bracket.[/quote]

I have a broadband card (starcomms card) for sale, #10,000 naira, i still have the carton, the USB cable incase you want to use the cable too.

Email me at if you need it.

Pictures included.

I have a broadband card (starcomms card) for sale, #10,000 naira, i still have the carton, the USB cable incase you want to use the cable too.

Email me at if you need it.

Pictures included.