₦airaland Forum

Gboyega Akinsanmi

The developer and city planner of Eko Atlantic City, South Energyx Nigeria Limited, has unveiled the city's first-phase development plan, which entails a 26-storey building, named the Azuri Peninsula containing 120 luxury apartments.

The firm also disclosed that one of its subsidiaries, Eko Development Company Limited, would manage and oversee the building development including the Azuri Peninsula, which it said is cited on the Marina District in Eko Atlantic City.

This was contained in a statement by the firm’s media specialist, Ms. Ibiene Ogolo, stating that with architecture provided by the award winning global design firm Gensler, Azuri Peninsula “offers the optimum place to live, work, play and invest”.

The statement said about 120 luxury apartments, 12 super-luxury simplexes and two superb villas as well as seven fine townhouse apartments, “make up the first phase, with a three-year completion programme".

“Azuri Peninsula offers a unique and luxurious urban lifestyle by the delightful Marina-front of the Marina District in the vibrant new Eko Atlantic City.

“There will be a five-star Marina and yacht club with an attractive promenade, high-end shops, cafes and a wealth of amenities in a curated and sophisticated environment.

“The landmark scheme is also close to the business district in the new city, which is destined to be the new financial centre of Lagos.

The developers behind the most luxurious residential destination of 2015 in Lagos, have carefully chosen a brand name that resonates,” the statement said.

It said the name Azuri Peninsula, combines the African word “Zuri” meaning beautiful, while Azure suggests a radiant sea.

“The first phase of this Marina-front project showcases exceptionally crafted two and four-bedroom luxury apartments, six-bedroom simplexes and seven-bedroom villas which are arranged across Marina townhouse apartments and three outstanding residential towers.

“The podium towers are carefully positioned to maximise views of the marina and garden-piazzas. Located on the ground floor are retail spaces while ample underground car parking is to be found on the lower ground level.

“Gensler’s exceptional panel of interior designers are creating spacious and elegant apartments with a selection of design palettes.

Fulfilling the highest standards of contemporary living, all apartments will be fully-fitted with the finest materials, including state-of-the-art kitchens and luxurious bathrooms, district cooling air conditioning and broadband (which will also be provided throughout the city),” the company added.

Source:http://nairausd..com/2015/04/eko-atlantic-unveils-first-phase.html

Exchange Rate for Dollar-Naira, TUESDAY 7nd April 2015

CBN $1 N197.00

OFFICIAL RATE $1 N?

BDC $1 N?

PARALLEL RATE $1 N198.00

Location Matters For BDC Market & Parallel Market

Most BDC Operators didn't want to sell due to loss they made at the expense of CBN advise.

After this coming election,it is projected that the DOLLAR TO NAIRA WILL BE

$1........

Source:http://nairausd..com/

We could learn from this. For those who are interested.

Offloading Of Dollars Triggers Massive Naira Appreciation At Parallel Market.

Source:http://nairausd..com/2015/04/offloading-of-dollars-triggers-massive.html

TECHNICALLY, all that is needed to start trading forex is a laptop, a trading account, and a small amount of capital to invest. But don’t let the seeming simplicity of the setup fool you.


Trading forex is actually a complex affair, and successful traders know that in order to be profitable in the long run, trading must be treated like a business—not an internet hobby they turn to when they have nothing better to do.

Building a successful trading business requires a similar financial, emotional, and time commitment to that invested in building and managing any other business and forex traders should understand this requirement before clicking the “buy” button.

Solid Plan

Every good business starts with a solid business plan to guide its activities and development.

Similarly, every good forex trading strategystarts with a solid trading plan.
How much of your portfolio should you risk on a trade?
What will you trade and when?
What risk-reward ratio are you willing to take?
What are your entry and exit rules for trades?

There are many questions surrounding each and every forex trade placed, and without a plan to manage priorities and expectations, traders can become overwhelmed and start acting on impulse, which can rapidly lead to losses.

Cost versus Profit

In order for a business to be successful, it needs to not only generate revenue, but also maintain the right balance between costs and profits.

Even with a huge turnover, a business can still go bankrupt if the costs of maintaining the business exceed the incoming revenue.

A lot of traders only calculate the price of a good computer, the price of software needed for trading, and their broker’s spreads or commissions into their trading business’s expenses, but that is a mistake.

The greatest costsof a trading business are by far losing trades.

No trader can win one hundred per cent of the trades placed, no matter how sophisticated a trading system he uses.

The sooner a trader accepts losing trades as a natural consequence of running a trading business, the sooner he can build a strong and effective trading plan that accounts for such setbacks in the larger scheme of increasing his overall trading account.

Education and Analysis

To be at the top be any field requires ongoing education and analysis of new information.

With the financial field being in constant flux, it is crucial for forex traders to keep up to date with the latest news that can affect their trades, to be able to analyse the markets based on new information and investor sentiment, and to learn to use the latest software that can assist their trading.

Although the basic rules of trading forex are always the same, the variables of trading are so many, that not even the best of traders can claim to have ‘finished’ with their financial education and analysis.
Quality over Quantity

Successful businesses know that quality always trumps quantity, and the principle applies to forex trading as well.

When taking stock of your trades and seeing how you did, never count the number of losing trades against the number of winning trades, but rather look at the overall amount won or lost in each trade.

With the right trading plan and strict exit rules in place, the costof losing trades can be minimized, allowing a few winning trades to rake in the profits.

Forex trading should be approached like a business rather than a hobby. Like with every business, forex requires a financial and time commitment in order to generate sustainable profits.

Successful traders know that the key to building atrading business lies in constant education and in a good plan that helps minimize risks and costs, in order to benefit from the profits.

• Akinyele works with ForexTime Nigeria.

Source:http://nairausd..com/

Sir watch your surrounding first.

Remember the LORD our God said
"He who have not sin should cast the first stone"

My humble answer .

He our support in this.

The Institute of Credit Administration (ICA) has advised the president-elect, Major General Muhammed Buhari to ensure that his government drastically cut the cost of doing business in Nigeria when he assumes office.


The institute, in a statement yesterday pointed out that the incoming administration would gain local and global acceptance if the aforementioned is achieved. The ICA insisted that ” it is really possible to fix electricity by all means within six months,” even as it urged Buhari to prioritise nationwide road construction

While congratulating the president-elect, the ICA further advised him not to: “fail Nigeria and Nigerians; do not also fail the friends of Nigeria in the uttermost parts of the world. Endeavor to deliver in accordance with your campaign promises to which you must expect that Nigerians and international community will hold your government.”

“As Nigeria’s only national body for overseeing and monitoring standards, behavior and administration of those who give, take, facilitate and manage credits in the economy, the ICA is confident that you, General Mohammed Buhari, has the requisite discipline to lead our great country into the next regime of strong economic prosperity, social justice and freedom.

“First among your priorities should be to address the nation’s urgent economic, social and security situation, and to build a strong economy for the future. Your approach no doubt should be to focus very quickly on structural reforms, fiscal responsibility and INVESTMENThttp://cdncache-a.akamaihd.net/items/it/img/arrow-10x10.png.

“Set up as a matter of urgency a national agency that guarantees access to loans by SMEs, and not to disburse loan to them. Such agency can be called – Nigerian Credit Guarantee Corporation (NCGC). Surprisingly, up till today, Nigerian government is still not dreaming of creating this national platform that would support the development of SMEs.

“If a National Credit Guarantee Corporation is set up by the federal government with strong capital base and very robust operating fund, you can be sure that that corporation would serve as collateral and security which people who want to borrow money do not have, that is, those within the class of SMEs. This is the practice in other countries.

“The policy thrust of your government should be economic growth revival and massive infrastructural build ups to help boost economic growth,” it added.

Source:http://nairausd..com/2015/04/institute-advises-buhari-to-cut-cost-of.html

As of now DOLLAR is really depreciating against some currencies of the world.

Our NAIRA will not be left out

Guys please be informed of happening of the world.

YUAN is really catching up.

Seriously US is fighting for DOLLAR value.

Know that NAIRA should not be left out.

Let fight for out place in the world stage.

Can we? To you NIGERIAN

Pass this to whom it may concern.

If you love my effort,please reciprocate by commenting on my blog.

THANKS

Source:http://nairausd..com/

Picture & Graph for evidence

Six Fascinating Facts About the Future of Religion

If God is in the details, as famed architect Ludwig Mies van der Rohe liked to say, then a new study by the Pew Research Center shows that he or she is also in the demographics.


Christianity is now the world’s largest religion, with 2.2 billion adherents as of 2010, representing nearly a third of the world’s population. Islam is a somewhat distant second, with 1.6 billion followers (or 23 percent of the population as of 2010).

The Pew researchers forecast that, with the exception of Buddhists, every major religious group will grow over the next 35 years, but Islam will grow faster than any other faith. “Muslims are the only major religious group projected to increase faster than the world’s population as a whole,” the report says.

In a full page of disclaimers, the researchers caution that many factors — “scientific discoveries, armed conflicts, social movements, political upheavals, natural disasters and changing economic conditions, to name just a few” — could alter current and expected demographic trends in unforeseen ways.

But if those trajectories continue to play out as the Pew researchers forecast, it would result in some significant changes — and potentially some sizable challenges — to a world already riven by religious tensions. Here are a number of key changes Pew foresees:

Islam Will Be the World’s Biggest Religion By Around 2070


As global population is expected to rise to 9.3 billion by the year 2050, the number of Muslims — a relatively younger, more fertile population — is expected to grow to nearly equal the number of Christians.

By around 2070, Islam will be the world’s largest religion, surpassing Christianity despite being roughly six centuries younger.

More of the World's Population Will Be Religious

By contrast, the Pew report forecasts that the number of atheists, agnostics and “religiously unaffiliated” or secular people will grow in absolute terms but will shrink as a percentage of the world’s population, from 16 percent in 2010 to 13 percent by the middle of the century.

Growth in Sub-Saharan Africa Will Drive Many of the Trends

The Pew forecast is based on demographic projections for 234 countries, with the differences in projected growth for Islam and Christianity linked to the expected population growth for the regions where adherents of those religious live.

“One of the main determinants of that future growth is where each group is geographically concentrated today.

Religions with many adherents in developing countries – where birth rates are high, and infant mortality rates generally have been falling – are likely to grow quickly,” the report explains.

The Pew projections also take into account international migration and patterns in conversion.

The development and population growth of Sub-Saharan Africa, in particular, is expected to drive much of the global growth of both Islam and Christianity as the region rises from 12 percent of the world’s population in 2010 to about 20 percent in 2050.

The Christian population of sub-Saharan Africa is expected to more than double, from 517 million in 2010 to 1.1 billion in 2050. By the middle of the century, Sub-Saharan Africa’s Christians will account for 38 percent of all members of the faith in the world, up from 24 percent in 2010.

Christians Will No Longer Be a Majority in Several Countries

The number of countries with Christian majorities is projected to fall from 159 to 151, with Christians dropping below 50 percent of the population in places like Australia, France, the Netherlands, New Zealand and the U.K.

By 2050, the largest religious group in France, New Zealand and the Netherland is expected to be “unaffiliated.” Christianity is also expected to suffer the largest net losses to conversions, with 40 million people switching in to the religion but 106 million switching out.

The U.S. Is Getting Less Christian, Too

The U.S. has and will continue to have the largest Christian population of any country, and Christians are expected to remain the large majority of the U.S. population.

Still, members of the religion are projected to decline from 78 percent of the population to 66 percent by 2050.

The researchers also forecast that, over that time, Islam will overtake Judaism as the second largest religion in the country.

Those with no religious affiliation are expected to see the greatest growth, climbing from 16 percent to 26 percent of the U.S. population.

China Is a Huge Wild Card

About half of China’s 1.3 billion people are estimated to be religiously unaffiliated now and about 5 percent is thought to be Christian, but the report notes that “if Christianity expands in China in the decades to come — as some experts predict — then by 2050, the global numbers of Christians may be higher than projected, and the decline in the percentage of the world’s population that is religiously unaffiliated may be even sharper.”
Source:http://nairausd..com/2015/04/six-fascinating-facts-about-future-of.html

As of now DOLLAR is really depreciating against some currencies of the world.

Our NAIRA will not be left out

Guys please be informed of happening of the world.

YUAN is really catching up.

Seriously US is fighting for DOLLAR value.

Know that NAIRA should not be left out.

Let fight for out place in the world stage.

Can we? To you NIGERIAN

Pass this to whom it may concern.

If you love my effort,please reciprocate by commenting on my blog.

THANKS

Greed is best countered with greed. President Obama and Congress should work together to pass free-trade agreements and increase American commitment to global financial organizations.

In the last two weeks, China scored a rare but impressive diplomatic victory against the United States.


In spite of Washington’s fierce opposition, most of its major allies – the United Kingdom, Germany, France, South Korea, and Australia – recently announced that they would join the Asia Infrastructure Investment Bank (AIIB), which was founded in 2014 under the auspices of Beijing.

To the Obama administration, this geopolitical setback obviously must sting.

The AIIB, with up to $100 billion in registered capital, represents China’s effort to counter the financial clout of the World Bank and the Asian Development Bank, the two U.S.-led existing development banks.

Although the allocation of voting shares among the AIIB member states has to be worked out, China is widely expected to exercise decisive influence. (To reassure the Europeans, Beijing has promised to forego its veto power).

Concerned that its allies, tempted by the commercial opportunities offered by the new bank, would get on China’s bandwagon and lend the AIIB much-needed credibility, the U.S. firmly urged them to stay away.

Judging by their unseemly stampede for membership in the AIIB, it appears that Washington woefully underestimated the potency of China’s new money diplomacy.

Of course, the long-term prospects of the AIIB are uncertain. Infrastructural projects in developing countries are notoriously prone to corruption, cost overruns, and substandard construction quality.

And in the end, the AIIB could well become another gigantic money pit.

But for now, it looks like the centerpiece of China’s new grand strategy – divide and weaken your rivals by appealing to their greed – has been vindicated.

Unlike Vladimir Putin’s Russia, which has attempted to use intimidation and force to expand its influence, China under President Xi Jinping has recently embraced what you might cynically call “greed-centered” diplomacy.

As uber-capitalists, modern-day Chinese Communists shrewdly appreciate an elemental truth about human nature that Putin has utterly failed to grasp: fear unifies your opponents, but greed divides them.

The success of China’s greed-driven diplomacy stands in sharp contrast to the failure of Russia’s fear-based strategy. Putin’s war against Ukraine has unified Western countries, which have imposed punishing sanctions against Russia.

Meanwhile, China’s greed-centered diplomacy has turned the U.S. against its long-time allies, sending the latter scurrying to Beijing to seek potentially lucrative deals.

If anything, Washington’s failure to stop the China-backed AIIB from getting off to a triumphant start is only the beginning of a new and long contest of geopolitical vision, national will, and financial resources.

The AIIB is only part of Beijing’s project to establish a parallel global financial order that can compete for friends and influence with the post-WWII global financial system that the U.S. continues to dominate.

Besides the AIIB, China has led the efforts to establish the New Development Bank (NDB), also known as the BRICS bank, which will compete with the World Bank. China has also committed $40 billion to the New Silk Road Fund, its financial vehicle that will invest in infrastructure in Asia as well.

One can hardly blame Chinese leaders for their conviction that money is more potent than bullets in delivering the geopolitical gains they cannot hope to gain through military competition with the U.S.

They understand that the essence of capitalism is competitive greed. The dynamics of competitive greed, in practice, means that nations that miss a potentially profitable opportunity, such as the one created by the AIIB and other China-led efforts, will lose out to their competitors.

All China needs to do is to exploit this dynamic to its advantage.

While China’s greed-centered realpolitik is clever, Washington can nevertheless muster countermeasures if it can get its act together.

China’s money diplomacy is taking place at a time when the U.S. is voluntarily ceding its traditional leadership role in global trade and finance.

The two costly wars in Iraq and Afghanistan have drained American resources and limited Washington’s capacity to maintain its once-unchallenged global economic dominance.

Partisan gridlock has further undermined American economic influence abroad. For example, the existence of the U.S. Ex-Im Bank, which provides export financing for American firms to gain global market share, is in peril because of Republican opposition.

Democratic opposition to President Barack Obama’s proposed Transpacific Partnership (TPP), a new trade agreement designed to solidify U.S. influence in Asia, calls into doubt America’s commitment to free trade and global leadership.

So, as the Obama Administration licks its diplomatic wounds, it should rethink its approach to China’s sophisticated strategy.

In plain language, greed is best countered with greed.

In policy terms, President Obama and the Republican-controlled Congress should work together to pass free-trade agreements with Asia and Europe and increase American financial commitments to the international financial organizations it founded so that the U.S.-centered capitalist order is more attractive than the one China is trying to build.

Source:http://nairausd..com/2015/04/how-us-should-counter-chinas-economic.html

As of now DOLLAR is really depreciating against some currencies of the world.

Our NAIRA will not be left out

Guys please be informed of happening of the world.

YUAN is really catching up.

Seriously US is fighting for DOLLAR value.

Know that NAIRA should not be left out.

Let fight for out place in the world stage.

Can we? To you NIGERIAN

Pass this to whom it may concern.

If you love my effort,please reciprocate by commenting on my blog.

THANKS

Exchange Rate for Dollar-Naira, FRIDAY 3rd April 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.05

BDC $1 N203.00

PARALLEL RATE $1 N204.00


Location Matters For BDC Market & Parallel Market

Source:http://nairausd..com/

“Prices come down,” chanted rioters in Indonesia in May 1998.

When the International Monetary Fund (IMF) stepped in to rescue Indonesia from near-bankruptcy, they demanded the following: privatization of state-owned enterprises, sharp cuts to government spending, and a tighter monetary policy.


Unemployment worsened at the same time prices for essential goods such as fuel and food skyrocketed. Similar scenes could be found in Latin America, Africa and Eastern Europe as IMF remedies to the 1997 Asian financial crisis only deepened economic woes.

Over at the World Bank, the other pillar of Western-led global economic policy, conditions for development projects have historically included the implementation of strong legal institutions and respect for elections.

The bank’s indicators for good governance are implicit development goals centering around promoting democracy, the rule of law, and Western-style government institutions.

For developing countries concerned more with economic growth--more than adhering to a free-market, neoliberal orthodoxy--a long-awaited alternative global economic and development architecture has arrived in the form of China-led initiatives such as the Asian Infrastructure Investment Bank, the BRICS Bank, and the New Silk Road.

Instead of seeing threats to its preeminence, the United States should seize the opportunity to reassert its leadership by adapting to this new order.

Having languished in declinism since China’s emergence on the world stage in 2008, America needs to act now. Recently, the United Kingdom, France, Germany and Italy announced that they would join the AIIB, an effort to tackle Asia’s $1 trillion infrastructure needs.

The United States sees the bank as China’s bid for control of Asia and had pressured allies, including Australia and South Korea, not to join.

At this point, joining is a symbolic gesture. The AIIB is beginning with only $50 billion in funding, and no governing framework is in place. Thirty-five countries have signed up, not for short-term investment prospects but as a bet that a China-led bank may do better than its Washington-based counterparts for Asia.

The basis of that bet is China’s own staggering growth. More importantly for countries receiving aid, Beijing has consistently pledged not to interfere in the domestic affairs of other countries, a direct rebuke to Western foreign policy.

After taking some responsibility for globalization’s failures, the IMF and World Bank now allow developing countries a longer timeframe to implement reforms.

However, it is never in doubt that the ultimate goal is a market economy with social values and institutions found in Western industrialized nations.

Add general frustration at their lack of decision-making power in the IMF and World Bank, and it’s easy to understand why developing countries are eager for another source of aid.

The United States was slow to respond to the AIIB expansion, embarrassed at its failure to contain China. Nathan Sheets, Treasury Under Secretary for International Affairs, finally stated last week that the United States would seek to collaborate on development projects with the AIIB.

The IMF and World Bank expressed similar sentiments. In an effort to save face, they claimed their participation would ensure, “high-quality, time-tested standards are maintained,” according to Sheets.

In other words, they will push for the AIIB to adopt their standards for governance, the environment, transparency, and the like.

If the promise sounds empty, it is. America is not going to write the rules of a Chinese development bank.

The United States needs to do two things to maintain its leadership. First, it needs to realize that the countries of the emerging world order no longer believe development efforts must spread Western political and economic values.

Second, it has to accordingly expand its understanding of global leadership. America is still critical in a world where its ideals are not a necessary precondition to economic growth.

The United States should now focus on fulfilling the original promise of the Bretton-Woods conference that established the IMF and World Bank.

We should use these international financial institutions purely as tools for economic policy coordination.

This is not to say that the original Bretton-Woods policy prescriptions, such as fixed exchange rates and an international reserve currency, should be followed.

But what these policies got right was that we ought to focus on balancing the economic health of countries through facilitating international cooperation on monetary policy.

Any sort of conditionality, particularly of a political nature, is unnecessary at best for global development and financial stability.

More fundamentally, the role of the IMF and World Bank must shift from dictating policy to building consensus.

America needs to push through sweeping reforms, currently stalled in Congress, to increase funding at these organizations and give developing countries a greater voice.

America’s prime responsibility and contribution is no longer as the world’s chief idealist, but its most influential pragmatist.

The United States must embrace its unique position to facilitate cooperation in a multipolar economic order.

Source:http://nairausd..com/

Boss13:
Jonathan on the looting spree

The devil you know is better than the angel you don't know.

My brother please keep this in mind.

crownprince102:
We will be very lucky to have 5 billion dollars by may 29.
Obasnjo left the foreign reserves at 30 billion dollars in 2007, Yar'adua increased it to 65 billions dollars. Look at what we have today. Billions had dissappeared.

Please you guys should stop saying this.

Flets:
Any crises in the Niger Delta, Nigeria will become an economic wreck and might be same for the next four years.
We are so crude oil dependent.

You said that truth.

Remember President Jonathan is trying to diversify the revenue base for the Government.

makzeze:
do u think it will rise further?

Naira will continue to appreciate against the Dollar.

Apart from election period coming to an end.

Please read news. Because price of oil is appreciating.

Nairausd.. com gives information about oil prices

vladimiros:
I really want those anti SS/SE who said we don't need ND oil to explain how we going to increase our FRA with Crude OIl

My bro they all know the truth.

Exchange Rate for Dollar-Naira, THURSDAY 2nd April 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.05

BDC $1 N207.00

PARALLEL RATE $1 N208.00

Location Matters For BDC Market & Parallel Market

Source:http://nairausd..com/

Raiders:
The foreign reserve is going to fall even more from now till May 29th. There is going to be massive looting by Jonathan presidency. My prayer is that Buhari probe the current government and any body that is found guilty should be prosecuted and order to refund money stolen

My bro you harsh oh!

U now even hapi say oga jo do beta tin for dis elecsion .

Chai!mehn.

The nation’s foreign exchange reserves fell by 4.9 per cent to $29.79bn on March 30, from $31.35bn in February, data from the Central Bank of Nigeria on Tuesday showed.


Year-on-year, the reserves fell by 21.3 per cent from $37.83bn in March 2014 to stand at the new balance of $29.79bn on Monday, the data showed.

The external reserves have continued to drop at a faster pace due to low demand for the nation’s crude oil and its falling prices globally.

Nigeria derives 70 per cent of its revenue and 90 per cent of its foreign exchange from crude oil.

The central bank has been using the reserves to support the ailing naira, which has been hammered by the falling global oil prices and uncertainty over the just concluded presidential elections.

Economic and financial analysts linked the huge drop in the stock of external reserves to political spending, falling oil prices, which have put pressure on the local currency, and speculative demand for the dollar by foreign exchange dealers.


Source:http://nairausd..com/

stevecantrell:
Those were the days when a small boy could buy a bottle of coke for 30k
Big dip 50k
5kg of walls ice cream N5
Peugeot 504 N9,000
THOSE DAYS AINT COMING BACK !

The World is changing.

True fact.

cirmuell:
Don't worry, the wind of change is starting to circulate, $1 will be equal to 69Kobo again just like in 1982

Funny you

Source From CBN and BDC Operator.

http://nairausd..com/

Yes we can.

CBN $1 N197.00

OFFICIAL RATE $1 N199.05

BDC $1 N214.00

PARALLEL RATE $1 N214.50



Location Matters For BDC Market & Parallel Market

Source:http://nairausd..com/

Exchange Rate for Dollar-Naira, WEDNESDAY 1st April 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.05

BDC $1 N214.00

PARALLEL RATE $1 N214.50



Location Matters For BDC Market & Parallel Market

Exchange Rate for Dollar-Naira, TUESDAY 31th March 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.05

BDC $1 N218.00

PARALLEL RATE $1 N214.50



Location Matters For BDC Market & Parallel Market