₦airaland Forum

Starich recycling is owned by the Chinese. Olaolu Olawe just recently became the manager of their Onitsha plant.

Not much açtivities on this thread any longer. Kilo happen?

@Whyna I have tried to reach you here via email, but I got no response from you. Please, I need to find out stuff from you if you don't mind. Thanks

I never knew Koko port can Bert big vessels.Nice one!

This is super stooory!!!

Where are all the Peugeot enthusiasts in the house?Please i need your advice and insight as urgent as possible.Where are the likes of Ikenna and co?

I am about buying a Peugeot407(2004)Ew10 .Please i want to know from those who own or have owned this car in the past especially in Nigeria ,how reliable it is,the maintenance cost,availability of parts and road handling.Your input will be greatly appreciated.

Mr moderator ,why was my post hidden?

emember we are talking about Anambra here not Lagos. so tell me, you mean Anambra market is that lively? how many traffic can you count on in Anambra?

What i know is that every Igbo man is industrious, they rather earn 500 per day than earn nothing, but DO NOT EQUATE THAT TO EMPLOYMENT because that is NOT EMPLOYMENT.

Just listen to yourself.Do u think the gala seller will remain a gala seller for ever?
I know a guy who used to live on the same street with me back in those days.He's from a poor family and on completion of his secondary education he started selling fried cashew nuts in traffic.He will buy raw cashew nut fry them and sell.With time his younger ones joined him,he then introduced distinct flavour to his own nuts when competition was getting stiffer and with time his product was selling like hot cakes in supermarkets around Onitsha and beyond.He used to travel to Benue state and Kogi to buy his raw cashew nuts at a cheaper price.At a point he couldn't meetup with demands especially from people in Aba,Portharcourt even from the north.To cut the story short, the guy employed about 20 workers including graduates who worked in his factory.By the time i left Nigeria the guy had become a multi millionaire with 2 Suv's and a duplex he built at Asaba.On my last visit to Naija i bumped into him and i couldn't but marvel when i learnt from him he has branched into Oil business and has left the cashew nut business to his siblings.I got to know the guy owns about4 filling stations at this moment and he is not done yet.

Interesting thread. I'm in the same dilema. Please keep the responses coming.

These land has survey plan with title deed.Its opposite the proposed International market.Already short-walled.And very close to the Bennin-Asaba expressway.And its 3.5 million per plot.

I have 3 plots of land measuring each 100x100 beside Asaba international airport.The land is suitable for building warehouses,aircraft hangers shopping mall etc.If you are interested send email to magnusbennoa@yahoo.com

ontinues...

Feng Jianmei told the reporter that because she could not afford the fine of 40,000 RMB for having a second child, at 9:00 am on June 2nd, she was escorted to a hospital by about 20 to 30 county government employees and at 3:00 pm that day was injected with “poisonous drugs” to induce labor.
She was violently treated on the way to the hospital because she continued to resist and when she was at the hospital, no family members were present to be with her. According to Feng Jianmei, on May 29th, Deng Jiyuan [Feng Jianmei’s husband] had left home and was on his way to Inner Mongolia. On May 30th, the county government began sending people over, in four-man four-hour shifts, to guard her. On June 1st, using the excuse of “going grocery shopping”, she escaped to Deng Jiyuan’s aunt’s place to go into hiding, but was ultimately found later that same evening. The county government employees then used bricks to block the door to prevent her from escaping. The next morning, they escorted her to the hospital.

This is the 22year old lady and her still birth.

Is the van still available?And which is the actual price 1.7million OR 1,155,000

@feelamong Iwill appreciate if you willPlease can some give me a list of good nigeria discount homes for T bills subscription, and those companies with good internet.Send it to magnusbennoa@yahoo.com. On the other hand do you think my bank can convieniently do that service for me?

Also what do you thinkof this punch newspaper report?

Tuesday, June 5, 2012

Naira hits four-month low as investors shed interest

by Ademola Alawiye with agency report

The naira weakened to a four-month low on Monday as foreign investors continued to pull out their money from government bills and bonds due to fears about inflation and currency weakness.


Naira notes

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The local unit was traded at N161.25 to the dollar on Monday, as against N160.70 on Friday at the inter-bank market.

Dealers said weakening United States job data and the unresolved Eurozone debt crisis had prompted foreign investors to pull money out of riskier frontier markets including Nigeria to safe havens or to switch to cash.

Reuters quoted a dealer as saying, "Foreign investors are exiting the market and that is affecting the naira. This has been the trend since May. Foreign investors are exiting their bond positions in Nigeria owing to the rise in inflation, projected to reach 14.5 per cent by the third quarter, from 12.9 per cent in April, which means a worse outlook for the naira."

Another dealer was quoted as saying, "The naira was also very illiquid at the moment. Real interest rates have slimmed down due to a rise in inflation and forex rates are going up."

On Monday, the Central Bank of Nigeria auctioned $300m at N155.80 to the dollar, which was not enough to support the local currency. It sold $250m at N155.75 at its last auction on Wednesday but did not disclose the amount demanded.

The naira has been falling in recent weeks, despite Nigeria's foreign exchange reserves rising to a 21-month high of $37.64bn by May 28, up three per cent from a month earlier, as dollar supply still fails to meet demand.

The currency, which had consistently stabilised around the N157 to the dollar level for more than three months of this year, came under pressure two weeks ago from strong dollar demand from fuel importers and investors repatriating dividends.

The CBN has directly sold dollars in the inter-bank market since last week, outside its bi-weekly foreign exchange auction, to calm the market, with mixed results.

On Monday, bond yields rose across all maturities, by up to 20 basis points, dealers said. The most liquid three-year paper was trading at 15.1 per cent, up from Friday's close of 15.02 per cent.

The five-year paper was 15.43 per cent, from 15.35 per cent on Friday, while the 10-year bond traded 15.67 per cent, up from Friday's 15.48 per cent.

The Head of Rates and Credit, Standard Chartered Bank, Mr. Ayodeji Adelagun, said, "The bond market has been extremely bearish due to illiquidity and developments offshore.

What year is the 406?

The boys in the photos look more like area boys on rampage on Oshodi streets.The girls,like ewedu sellers.I think they deserve that name "MAU."

@ Op first what tribe are you from? Your answer will determine the answer i will give you.

Is the man her father?

Yes we can't wait for 2014 to come so that he will go.The man is a total failure .

And the facts remain that spirits don't die.Even if they are to fall down or sumersault either way.Not to talk of even if they are consummed by fire.

Noted that u are rich.What else do you want to tell us?

N10,000 Only Sir! The Business Plan is available anytime you want it.

Is the consulting fee included in the above stated amount?

Is it by necessity that these idiottaz should alwys make noise ni? They are so obsessed wit d yorubas dt they alwys compare and try flexing musculer to proud superior. Fuckin traders, stupiid wannabes

And what has Yoruba got to do with this thread?If you dont have anything meaningful to contribute here,why not read others contributions or move on.

Also an Igbo man foiled the coup in the west(Lagos) and an Igbo man also foiled the coup in the North(Kano).So how could it have been an Igbo coup?A million dollar question.

Moderator this should make a front page.Not all those silly posts like "I have three girlfriends for Valentine what should i do"

Very enlightening and thought provoking.

I will suggest that you move to somewhere like Mowe.You can still find a bedroom flat at that rate for a year .With time when your goods arrives and you dispose of them you can look for another apartment in the heart of Lagos.Goodluck!

send the price to me at magnusbennoa@yahoo.com