₦airaland Forum

kayode27:
Atiku - VP Administration

PYO - VP Academics

Partially making sense.

You know. ........

The romance between Atiku and SA get as he be.

Something fishy is going on. Nigerians be prepared

3ace:
I'm not surprised about that. Even Labaran Maku was only giving recognition because they believe he has the clout to bring positive change to the party. And as for the self-centred Maku-he's an example of a typical Nigerian politician. Simply because he lost the primaries to contest as a governorship candidate in Nasarawa, he quickly decamped to APGA betraying PDP. Talk of a disloyal servant-like a political analyst said on channels TV, all they're interested in is their interest and not that of the citizens. If there's a party called Kidnappers' association of Nigerian and its platform can actualise their dreams, they'll certainly join. They have no values at all and I hope he'll be loyal to his new party!

Welcome to Nigeria bro. Disloyal polithiefcians.

With good intentions you wouldn't be disappointed either win or loss.

Seriously the game is getting more sweeter plus interning join.

There will be a nAPC soon. APC learn from PDP mistake.

This is getting more interesting.

Exchange Rate for Dollar-Naira, Saturday 6Ath June 2015

CBN $1 N196.95

OFFICIAL RATE $1 N198.90

BDC $1 N204.00

PARALLEL RATE $1 N213.20 & N215.60

**Please note that the Parallel rate varies for different location

Exchange Rate for Dollar-Naira, Saturday 6Ath June 2015

CBN $1 N196.95

OFFICIAL RATE $1 N198.90

BDC $1 N204.00

PARALLEL RATE $1 N213.20 & N215.60

**Please note that the Parallel rate varies for different location

guysis:
You are doing a nice job by updating us of currency trends on a daily basis. I have a suggestion I want to make about your blog. Can you send me a mail(eddiesam03@gmail.com) so that I can recognize its you? then we can share ideas.

I have sent it

guysis:
You are doing a nice job by updating us of currency trends on a daily basis. I have a suggestion I want to make about your blog. Can you send me a mail(eddiesam03@gmail.com) so that I can recognize its you? then we can share ideas.

Thanks bro.

I will email you by 8 to 9 pm.

Tech companies dominate at the very top of international ranking of most valuable businesses, with more than half the members coming from the US

At $725bn at the time of PwC's survey, Apple makes up 4.5pc of the total value of the index of the world's 100 biggest companies

The world’s 100 biggest companies are together worth a staggering $16.24 trillion – almost double the amount they were valued at directly after the financial crisis.
Data compiled by PwC also revealed that for a listed business to enter the top 100 rankings of the most highly valued companies, it now needs a market capitalisation of $85bn (£56bn).
In 2009, with the global economy reeling from the impact of the financial crash, entry into the list required a market valuation of $40bn.

Apple is the world's most valuable business, with a market cap of $725bn, according to PwC, which conducted its study on March 31, 2015. This meant the iPhone maker represents 4.5pc of the index’s total value. The success of iPhone maker's products has seen its market value rise by 671pc since 2009, when the business was worth $94bn, when it was ranked 33rd.

Technology peer Google was placed second, with a valuation of $375bn, up from $110bn in 2009, an increase of 241pc that saw it rise from 22nd place over the period.

Energy group Exxon Mobile was third at $357bn, but its market capitalisation edged up only 6pc from $337bn since 2009, causing it to slip from first to third.

In fourth place was Warren Buffett’s Berkshire Hathaway, valued at $357bn, up from $134bn, pushing the investment group up from 12th place.Microsoft was fifth, with a market cap of $334bn, a 105pc rise over the period that meant it gained one place.

Clifford Tompsett, capital markets partner at PwC, said: “Apple has enjoyed unprecedented growth. Its products, premium pricing and global leverage that enables it to launch products globally mean its reach is incredible.

“With a valuation twice that of second-placed Google it’s got to come crashing down to lose its top spot and I can’t see that happening in the near future.”

Mr Tompsett said that Exxon Mobil’s relatively stable valuation was due to its close relationship with the price of oil, which is now roughly where it was in 2009, having peaked at $147 a barrel in 2008 and then stabilised at around $100 until fairly recently.

“The others companies’ rise in valuation is down to the absolute growth of their markets,” he added, a figure reflected by the 11 technology businesses in the index in 2009 having a combined value of $997bn, compared with the 12 who now make the grade having a total valuation of $2.8 trillion.
Of the companies that were in the top 100 in 2009, 66 have retained their place. The US dominates the rankings, with 53 businesses from the country in the index, up from 47 after the financial crisis. China beats the UK into second place, with 11 members making the ranking, compared with the UK’s eight.

“US and Chinese valuations perhaps help companies from these countries get into the top 100 because they tend to be more highly rated,” said Mr Tompsett. “However, to join this elite group, companies have to be big in the US and China no matter where they are based, which is why companies from the BRICs nations will struggle unless they globalise.”

As they after effects of the financial crisis fade, these higher valuations could also be setting off a wave of M&A activity as confidence returns, he added.

“My perception is that US companies are beginning to exercise their financial muscle and valuations and looking to take aggressive action to grow through acquisition.”



Tech companies dominate at the very top of international ranking of most valuable businesses, with more than half the members coming from the US

At $725bn at the time of PwC's survey, Apple makes up 4.5pc of the total value of the index of the world's 100 biggest companies

The world’s 100 biggest companies are together worth a staggering $16.24 trillion – almost double the amount they were valued at directly after the financial crisis.
Data compiled by PwC also revealed that for a listed business to enter the top 100 rankings of the most highly valued companies, it now needs a market capitalisation of $85bn (£56bn).
In 2009, with the global economy reeling from the impact of the financial crash, entry into the list required a market valuation of $40bn.

Apple is the world's most valuable business, with a market cap of $725bn, according to PwC, which conducted its study on March 31, 2015. This meant the iPhone maker represents 4.5pc of the index’s total value. The success of iPhone maker's products has seen its market value rise by 671pc since 2009, when the business was worth $94bn, when it was ranked 33rd.

Technology peer Google was placed second, with a valuation of $375bn, up from $110bn in 2009, an increase of 241pc that saw it rise from 22nd place over the period.

Energy group Exxon Mobile was third at $357bn, but its market capitalisation edged up only 6pc from $337bn since 2009, causing it to slip from first to third.

In fourth place was Warren Buffett’s Berkshire Hathaway, valued at $357bn, up from $134bn, pushing the investment group up from 12th place.Microsoft was fifth, with a market cap of $334bn, a 105pc rise over the period that meant it gained one place.

Clifford Tompsett, capital markets partner at PwC, said: “Apple has enjoyed unprecedented growth. Its products, premium pricing and global leverage that enables it to launch products globally mean its reach is incredible.

“With a valuation twice that of second-placed Google it’s got to come crashing down to lose its top spot and I can’t see that happening in the near future.”

Mr Tompsett said that Exxon Mobil’s relatively stable valuation was due to its close relationship with the price of oil, which is now roughly where it was in 2009, having peaked at $147 a barrel in 2008 and then stabilised at around $100 until fairly recently.

“The others companies’ rise in valuation is down to the absolute growth of their markets,” he added, a figure reflected by the 11 technology businesses in the index in 2009 having a combined value of $997bn, compared with the 12 who now make the grade having a total valuation of $2.8 trillion.
Of the companies that were in the top 100 in 2009, 66 have retained their place. The US dominates the rankings, with 53 businesses from the country in the index, up from 47 after the financial crisis. China beats the UK into second place, with 11 members making the ranking, compared with the UK’s eight.

“US and Chinese valuations perhaps help companies from these countries get into the top 100 because they tend to be more highly rated,” said Mr Tompsett. “However, to join this elite group, companies have to be big in the US and China no matter where they are based, which is why companies from the BRICs nations will struggle unless they globalise.”

As they after effects of the financial crisis fade, these higher valuations could also be setting off a wave of M&A activity as confidence returns, he added.

“My perception is that US companies are beginning to exercise their financial muscle and valuations and looking to take aggressive action to grow through acquisition.”


Source:http://nairausd..com/2015/06/how-much-are-worlds-100-biggest.html

Right now the oil market is totally focused on finding a bottom for oil prices. However, according to OPEC's Secretary-General Abdulla al-Badri we've already hit bottom.
Not only that, but he sees a real possibility that oil prices could explode higher to upwards of $200 per barrel in the future. He's far from the only one that sees a return of triple-digite oil prices.

Finding a bottom: According to recent comments by the Secretary-General when he was in London, the oil market doesn't need to look for oil prices to bottom as the market has already bottomed. Instead, he offered quite bullish comments by saying, "Now the prices are around &45-$55, and I think maybe they [have] reached the bottom and we [will] see some rebound very soon."
Normally that type of remark would be just another layer of noise, but this is coming from OPEC's Secretary-General so it comes with a lot of weight behind it.

That said, he's not saying that OPEC will come in and rescue the oil market by reversing its previous decision to hold steady on production. Instead, he sees the signs that the oil market is self-correcting as oil companies have made deep cuts to spending, which will eventually lead to lower production growth.

Further, the rig count in the U.S. is plunging, which is usually a key to a bottom in oil prices. However, in the midst of cutting back as the industry works through the current oversupply the Secretary-General is now warning that the industry is putting future oil supplies at risk by under investing today.

Underinvestment leads to a shortage: The Secretary-General said that, "if you don't invest in oil and gas, you will see more than $200" when it comes to future oil prices. While he didn't give a time frame, he did note the correlation between investment and future production.

This is because oil production naturally declines and oil companies need to invest in new production to not only replace this decline in production from legacy oil fields but to add new production to meet growing demand. However, oil companies are reluctant to invest in new production as their cash flows decline.

Over time this could become a problem as oil fields around the world naturally decline by an average of about 5% per year. As we see in this chart from a Chevron Corporation (CVX) investor presentation, in order to overcome this decline oil companies need to develop about 200 billion barrels of oil supplies over the next decade and a half just to meet demand.

These supplies will require the industry to invest $7-$10 trillion. However, with the big capital budget reductions oil companies have announced this year it could make it harder for the industry to meet future supply needs. In fact, the industry might defer up to $15b oil projects this year due to the collapse in crude prices. Many of these investments, however, wouldn't have yielded actual production for a couple of years due to the long lead time of major projects.

As an example, Chevron delivered first oil on two of its Gulf of Mexico projects late last year after beginning construction on the fields in 2011. Meanwhile, another $6 billion project it just sanctioned at the end of last year won't produce any oil until 2018. It's these long lead time projects that are being delayed, which is setting the world up for higher oil prices in the future as an under investment today has the potential to lead to a constriction in future supplies.

Investor takeaway: OPEC's Secretary-General is calling the bottom in oil prices. While he's not the first to call a bottom, he does lead the organization that currently controls the oil market so his comments do have a lot of weight.

Further, he's also suggesting that the cuts that oil companies are making could have a dramatic impact on future oil prices as the under investment has the potential to cause oil prices to rocket higher if demand grows faster than future supplies. That, however, would all be part of OPEC's plan as it purposely pushed for lower oil prices now so it could control market share once oil prices surged in the future. It's willing to endure short-term pain for the potential of a big long-term gain.


Source:http://nairausd..com/2015/06/opec-leader-oil-could-shoot-back-to-200.html

Exchange Rate for Dollar-Naira, Thursday 4th June 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.00

BDC $1 N204.00

PARALLEL RATE $1 N215.40 & N219.40

**Please note that the Parallel rate varies for different location

Exchange Rate for B Pound-Naira

Exchange Rate for Dollar-Naira, Thursday 4th June 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.00

BDC $1 N204.00

PARALLEL RATE $1 N215.40 & N219.40

**Please note that the Parallel rate varies for different location

Exchange Rate for B Pound-Naira

Ymodulus:
I do. Beside today exchange rate was 215 @ Wurumaliko BDC Niger State

Bro location matters.

osagieworld:
@ ifyan thanks...pls whats the link for your blog B POUND TO NAIRA EXCHANGE?

Exchange Rate for B Pound-Naira

http://nairausd..com/

Exchange Rate for B Pound-Naira

http://nairausd..com/

Ymodulus:
How realistic are the rates in bold? Cause i can tell you that i have called some of the best BDC in Abuja, Kano , Niger. No one giving me such rate. Or am i getting something wrong? If need be i can call you and we talk

let me explain it for you and everyone to understand.

Now if you notice BDC is $1=N204. There is the an official percentage Central Bank of Nigeria gave to Bureau De Change Operator for Exchange Rate which arrive at N204.But know this no BDC operator will sell at N204.

I repeat no BDC operator will sell at N204.

So now if you want to buy from a BDC operator,follow the price from PARALLEL RATE. Minus N1.50K to N0.50K from PARALLEL RATE that's likely the price a BDC Operator will sell.

Example of what BDC will sell today.Allow me to use from the figure from my post

PARALLEL RATE is N219.00 & N222.00 then this is what a BDC operator will sell N218.00 or 218.50 & N221.00 or N220.50.

I hope everyone understand.

Hmmm their true colours are coming out.

TRIBALSTOOGE:
unemployment 28% ? how do come to that figure ?



unemployment is 90 % be real please .

One thing I am sure about this is that most figures, survey, estimate etc done in this country are not correct.

Please FG don't let their efforts be in vain.

firstEVA:
it's not lamentations, it's important he lets Nigerians know the level of damage Jonathan has done before he starts the fixing.

The problems we have in the country today is not totally GEJ fault.

PassingShot:
You don't understand how things work. Do you?

No one has doubted that we are the biggest economy in Africa but this doesn't mean we're doing well in the real economic indices.

We're the biggest in terms of size/volume of our GDP and not in terms of wealth creation for the citizens.

Partially supported.

Jesusloveyou:
Gej destroy everything ,he did not leave anything good for nigeria

My bro I am really shocked when I saw it

By Udeme Clement

Apparently, President, Muhammadu Buhari has inherited what can best be described as a troubled economy with 70 percent of the population in poverty, over 15million housing units deficit, epileptic power sector, depreciating local currency, which is at the exchange rate of over N200 to a Dollar, a real sector that is in comatose, environment of insecurity and inefficient transport system among other challenges.


At present, the rate of growth shows that an important sector like housing contributes only 3.7 percent to the Gross Domestic Product (GDP). Electricity generation for a population of over 170million is less than 4.000mega watts and manufacturing that is the engine growth of every developed economy contributes between 5 and 6 percent to the GDP.
Aside from the dismal growth indices, the country has a huge debt burden to settle. Economic experts who spoke with Sunday Vanguard said Nigeria’s economy is in severe stress and if not well managed can degenerate.

Mr. Olu Ajakaiye, a professor of economics and one time Director General, Nigeria Institute for Social and Economic Research (NISER), said, “In reality, the economy has been in a bad shape for a long time. So, with the new government in place, the questions we must ask are, how do we get out of this challenging situation? How do we rekindle the system to boost productivity in order to enhance tangible growth and development? It is very sad that all those years, we allowed our industrial structure to shrink, even to the point of collapse. For example, in the 70s and even up to 80s, Nigeria’s economy moved very well in the direction of even producing some capital goods.

“At that time, we had assembling plants where vehicles were assembled here in Nigeria. For instance, air-conditioners, refrigerators and other items were assembled in this country. All those assembling plants if they were still functional, the next stage would have been to de-link them from import, began to produce some of the components here, and eventually began to produce some machinery along with other equipment for our factories. That is why at that time, the plan was to develop the steel as well as plastic industries to feed the intermediate and capital goods requirement of the economy, having had the assembling plants in place, but that was not realised.
Giving a holistic statistical analysis of the economy from the 80s up to 2015, the current Director General, West African Institute for Financial and Economic Management (WAIFEM), Professor Akpan Ekpo said, “The state of the economy before Jonathan took over: Jonathan took over from late Musa Yar’Ádua, and economic growth then was 7 percent, exchange rate of Naira to Dollar was N145, foreign reserve was almost $48billion and could finance imports for about two and half years, lending rate was about 25 percent, manufacturing contribution to GDP was 8 percent and inflation was 14 percent, (double digits).

Also, unemployment was 24 percent, power supply was epileptic, the quality of education was low and provision of health services was nothing to reckon with. It was in attempt to reverse the dismal performance of the economy that YarÁdua adopted planning to fast track development. That ultimately resulted in the Vision 20:2020 blue print, which among other things was to make Nigeria rank among the top 20 economies in the world by 2020.”

The economy under Jonathan/indices of growth: He went on, “When Jonathan took over, he claimed ownership of Vision 20:2020 and derived his Transformation Agenda from the Vision’s document. The Agenda sought to grow the economy at 10 percent and above. Jonathan promised to create jobs, improve education, healthcare and infrastructure, especially power supply.

However, during Jonathan, economic growth came down to 5.5percent, lending rate increased to 27 percent, our foreign reserve declined to about $31billion, partly due to the dwindling oil prices, unemployment increased to 28percent, and one must take with caution the recent unemployment figures published by the National Bureau of Statistics (NBS).

Incidence of poverty stood at almost 70percent, as the economy was growing at average of 5.5percent, and the rebased GDP made Nigeria a middle income country, the misery index was also growing, hence the economic performance was dismal. The quality of education became worse at all levels, to the point that Nigerians sent their wards abroad, even to Ghana to study. For example, the public school system was in shambles.

Nigeria’s current debt profile:
He continued, “Between 2012 and 2015 we owe about $18.1billion as the country’s total debt profile, and in the last two years, government has been borrowing money to pay salaries. With the recent Debt Sustainability Analysis (DSA), what we owe is sustainable, but it is not advisable to borrow money to fund recurrent expenditure when the economy is not in a prolong recession (depression).
It is better to borrow to finance capital projects and infrastructure due to the positive multiplier effect. It should be noted that sometimes government can borrow to maintain some levels of liquidity in the system, but the rising debt profile is worrisome. After rebasing, the debt GDP ratio allowed more space for borrowing but what is important is the debt revenue. If you compute the debt revenue ratio, then we have a big challenge in the country, because as the debt is rising , the revenue is declining.”

Growth indices from 80s to 90s before democracy in 1999: He added, “In the early 80s, the economy was better and the school system was not that bad. But from 1985 to 1990 the economy experienced problems like what we are facing now. We tried different policies and in 1986 we adopted Structural Adjustment Programme (SAP) but that did not solve the problem either.
However, during 1991 and 1998, which was Abacha’s era, the economy was better, as basic macroeconomic fundamentals were in the right direction, though Abacha was a dictator. During Abacha, we adopted what was called Guided Deregulation and the economy recovered. There were jobs, lending rate was not too high, but that did not stop corruption.

Economic Performance Index (EPI) from 2009 to 2014: He explained, “In analysing the EPI the things to consider include inflation rate, unemployment level, deficit/GDP ratio as well as GDP growth. Therefore, from 2009 to 2014, the EPI showed below-average performance. In 2009, the EPI, which stood at 71.5 per cent declined to 67.6 per cent in 2013, showing poor economic performance.
The misery index increased rapidly from 20.3 per cent in 2010 to about 51 per cent in 2013, and poverty rate increased to 69 per cent in 2010 economic year. At present, the economy is growing at about 5.6 per cent after the rebasing without creating employment for the citizens.

The direction of Nigeria’s economy now: He stressed, “Our economy currently is in disarray, partly due to recurring fuel scarcity and declining oil prices. For instance, fuel scarcity of only few days sent everyone into serious shock, showing that our economy is still dependent on oil. The economy is in severe stress, but not in recession, and if not properly handled can degenerate.

The way forward: He advised, “Buhari must work with time-lines to achieve growth in different sectors. He must move fast to diversify the economy, tackle power crisis, poverty, unemployment, building of new refineries and curbing corruption. For him to succeed, he needs a committed team of technocrats determined to change Nigeria positively to implement good economic policies. On the whole, there is hope for the economy, but such hope requires adequate planning to achieve positive result.
Nigeria’s population in poverty:

1980: 17.1 million
1985: 34.7 million
1992: 39.2 million
1996: 67.1 million
2004: 68.7 million
2010: 112.47 million

Source: National Bureau of Statistics (NBS)

Source:http://nairausd..com/2015/06/new-govt-inheriting-70-poverty-28.html

Exchange Rate for Dollar-Naira, Wednesday 3rd June 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.00

BDC $1 N204.00

PARALLEL RATE $1 N215.00 & N219.60

**Please note that the Parallel rate varies for different location

Exchange Rate for Dollar-Naira, Wednesday 3rd June 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.00

BDC $1 N204.00

PARALLEL RATE $1 N215.00 & N219.60

**Please note that the Parallel rate varies for different location

To everyone good work pay.

babafemi1000:
I was charged an equivalent of NGN212 for $1 today by GT Bank. Carried out two forex transactions and rate was same on both occasions. Wonder why it's more expensive than BDC.

Sir it is not what you think. GTB charged you less compared to BDC operator.

I have explained it on a similar thread like this in the BUSINESS SECTION by me.

Go through it. Trust me you will know how to calculate it.

etebefia:
bro! do you know the bank with best dollar-naira exchange rate? i mean the bank that buys at high rate

Sorry sir I don't know about that.