₦airaland Forum

Exchange Rate Of Dollar To Naira,11th Thursday February 2016

http://www.nairausd.com/2016/02/exchange-rate-of-dollar-to-naira11th.html?m=1

yommys01:
Well his sins are ignored because he is GEJ the southern Christian while Buhari is the northerner muslim. Bigot.

I will type it again THE TRUTH IS BITTER

yommys01:
I am 30, since 1998, I have kept friends who smoke or drink or keep multiple women at a time.

I have never smoked nor drank alcohol all my life, I only kept two girls at a time in a 4 months period of my life and if you know the reason you will agree.

Been with corrupt people doesn't necessarily have to corrupt you.

Question is, have you given evidence against anyone and he didn't probe them?

Gej your wonderful sinless hero didn't probe allison, Moro and Koro till date. But he has no sin according to you lot.

Show me were l typed that GEJ did not make any corruptable offence

Know2020:
This country is finished!

Let me see the twit that will invoke GEJ. GEJ left office with naira to dollar at 210 and today it's 313. WTF? GEJ inherited naira to dollar from Yaradua at 165, it stayed at this rate +/-15 for 4 yrs, it was only towards the end of 2014 that we began to see fall in naira largely caused by those who are bent on sabotaging his achievements to make sure he doesn't get re-elected. Compare dollar to naira lost in value under GEJ from 165 to 210 within 4-5 yrs span...that's very reasonable. However under Buhari from 210-313 in barely 6 months? This is disastrous...an invitation to anarchy. Same goes for fuel scarcity, there was never a fuel scarcity under GEJ except for his last few months in office, again largely perpetrated by the same very savages who are bent on making sure he never got re-elected.

You noticed how yorubas are quiet all of a sudden? Because their sister Kemi Adeosun is at the helm of the finance. Had this drastic dollar free fall happened under Iweala? Oh lord...they will be calling for her head not even resignation. They are already making excuses for Fashola to downplay the expectations on him...see 3rd topic now on front page. Hypocrites!

Should I say love this or supported.

grandstar:
Your petty tribalism spoilt a great post.

Soludo and Sanusi have both condemned Buhari's policies. The naira is hitting 400 this year and I am being conservative.

Bro The so called Finance Minister don padlock her mouth

yommys01:
I will accept when you have facts to back up your claims rather than trying to force me to accept with no fact.

What fact again did you still want when it is obvious that PMB surrounding are corrupte.

Within the party or between a certain minister and his successor consigning a website at a cost of N78M.

Bro be sincere with yourself

Buhari have no economic policy on ground correctly.

yommys01:
What has a guilty conscience got to do with the discussion.

I guess you have nothing special to offer and want a way out of the argument. Only explanation for that thrash you posted.

Accept that PMB is selective bro. Remember this saying." The truth always hurt"

yommys01:
What's selective about the probe going on? You all keep shouting Tinubu, did he not face a tribunal? Wasn't the case dismissed for want of evidence? How do you expect Tinubu to be prosecuted without evidence or are you lot more interested in his persecution?

Amaechi is another person you all wail about, has Wike come up with any evidence against him? Or is it enough to allege something without facts to back up your allegation?

Get serious about.

Guilty conscience you know

Hmmmm. PMB fight against corruption is selective plus completely noisy.

PMB may follow GEJ mistake at the end. Remember GEJ surrounding

So BRT done follow to get task force. Is this a welcome development or not

nabiz:
For our currency to appreciate, lies in the hand of government first , followed by the citizen. It is is the duty of government to create a favorable business environment while it is the duty of the citizen to produce product and service.
Government should embark of policy that will reduce the nation's unit cost of production for our product to be able to compete in the international market. The world economy is capitalist in nature and there is little u can do to divert people's choice and taste unless u offer a cost and quality friendly Product. I will offer my solution when I am free or may create a topic for that though am not an economist and may be wrong

I know. If you read what I wrote, It is for the citizens not the government.

I will later write for the government.

MoonChildng:
Well with the made in Aba fair , I see light at the end if the tunnel

The Lord will see us through

Looking at the way prices of goods have skyrocket in the country due to Naira depreciation against major currencies, one would have thought that Naira major user (Nigerians) would have be sorting out solutions to rescue it from falling like the way staved man pulled down ladies clothes at the special time that is if our ladies wouldn’t yanga them.





We are first to blame the government for our misfortune in the country but claim to praised ourselves individual or based on tribe or religion when something good happened forgotten that the government today is made up of 99.99% Nigerians. The funny thing about Naira depreciation currently experiencing now is just one COMMODITY not more than it, it CRUDE OIL.

Though it would be a day job for Naira to appreciate it takes time , after all it takes thousands of minutes for our ladies to dress up after the bedmatic Biafra- Nigerians war that happened between the starved objects but it our own good in the long run. The solution is written in the wall since only God knows.

In my own opinions this are the ways in which the Citizens of this nation can play a major role for the survival of Naira without waiting for the Government.

For the citizen

1. Support locally made goods.
2. Pay your tax (Revenue to the government)
3. Innovative and creative goods and services that meets up to World standards
4. Project a good image and expression to the outside world.
5. Appreciate your CULTURE.
6. To those abroad, speak good about the country and her Citizens
7. Diversity your knowledge of business
8. Work with the government
9. E.T.C
There are many ways in which the Citizens of this country can play a major role for Naira Appreciation against other currencies of the world.
Don’t wait for the government for the job, it requires everyone to this rescue mission. No one will his or her unborn child to experience negative experience but to enjoy the good things of life. The ball is your (you as a Nigerians) court.

Remember Rome was not build in day. With team work we can(remember our we did it against EBOLA).

Nigerians be wise

Source:http://www.nairausd.com/2016/02/ways-in-which-naira-can-appreciate.html?m=1

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Iamlordgee:
Ok

Hmmmm , just negodu mmadu.

Dangote Cement Plc has announced that it will be building new cement plants in two communities in the country.



The new plants are expected to add 9 million metric tonnes per annum (mmtpa) to the company’s current local output of 29.25mmtpa, raising it to a total 38.25mmtpa.
The company stated that the communities in which it is setting up the new plants are Okpella in the northern part of Edo State and Itori in Ogun State.

The Group Managing Director and CEO of Dangote Cement Plc, Mr. Edwin Devakumar, who made the announcement in Lagos at the weekend, explained that the Okpella plant will have one cement line which will churn out 3mmtpa, while the Itori plant will deliver approximately 6mmtpa from two production lines. Both plants are expected to come on stream within the next three years.
Devakumar said the company’s expansion drive was targeted at expanding its spread nationwide and reducing the transportation cost component of its operations.
He added that the new investments will also lower the cost of production, bring about a future reduction in the price of cement, and generate employment opportunities for youths of the host communities.
Also speaking, the Group Managing Director, Cement of Dangote Industries Limited, Mr. Onne Vander Weijde, said the demand for cement was still high considering the population growth in Nigeria, observing that Nigeria’s consumption of cement at just 100kg per capita was relatively low, indicating massive growth potentials.
“This itself is a huge driver for increasing the per capita consumption,” he explained.
He said with the capacity of its plants in Nigeria, Dangote Cement can supply the entire western and central Africa region, adding that Dangote Cement is currently exporting cement to Niger, Ghana, Togo with plans to move into Cote d’Ivoire.
“Nigeria was an import-dependent country in terms of cement in the past, so if we do not add capacity, we will not be able to match the growing rate of consumption in the country.

“We want to ensure that we are always one step ahead to meet local demand for the commodity,” he said.
According to him, the investments would create in excess of 5,000 jobs at the outset, adding that logistics and construction of the plants would also provide more employment opportunities indirectly to surpass direct jobs.
He said expectations were now being met with cement selling at about N1,300 per 50kg bag, making it the most affordable in the world.

Source:http://www.nairausd.com/2016/02/dangote-to-construct-new-cement-plants.html?m=1

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Exchange Rate for B Pound-Naira,9th Tuesday February 2016

http://www.nairausd.com/2016/02/exchange-rate-for-b-pound-naira9th.html?m=1

Exchange For Euro To Naira, Tuesday February 2016

http://www.nairausd.com/?m=1

Exchange Rate for B Pound-Naira,9th Tuesday February 2016

http://www.nairausd.com/2016/02/exchange-rate-for-b-pound-naira9th.html?m=1

Exchange Rate Of Dollar To Naira,9th Tuesday February 2016.

http://www.nairausd.com/2016/02/exchange-rate-of-dollar-to-naira9th.html?m=1

Are you guys surprised. Haven't you guys noticed this from your environment.

But they wouldn't admit it.

tunshe:
Street no get money to by MB waste on YouTube, audio dem dey listen to . Sometimes NTA,AIT and street jamz

If they audit Alaba CDs, Olamide na number 1....streets to take over....hahaha

Where is wiz kid?

See finishing. Olamide most here, in short street bobos most here this.

Guy you wicked.

Exchange For Euro To Naira, 8th Monday February 2016

http://www.nairausd.com/2016/02/exchange-for-euro-to-naira-8th-monday.html?m=1

Exchange Rate for B Pound-Naira,8th Monday February 2016

http://www.nairausd.com/2016/02/exchange-rate-for-b-pound-naira8th.html?m=1

Exchange Rate Of Dollar To Naira,8th Monday February 2016

http://www.nairausd.com/2016/02/exchange-rate-of-dollar-to-naira8th.html?m=1

Adaure4ever:
Ok. Lets wait and see.

That is what we are talking

We need results not what your party is known for

Good collaboration

The Minister of Finance, Mrs. Kemi Adeosun yesterday assured the nation and the international community that the proposed N1.8 trillion capital investments in the 2016 budget would be crucial for stimulating economic growth in the country.



She also said the 2016 budget would finance investments in key infrastructure particularly in transport, power, health, housing and education and boost job creation among other things.

Adeosun who addressed participants at the KPMG in Nigeria’s CFO Forum and Survey Launch in Lagos yesterday stated that to reflate the economy and avoid recession, a spending stimulus was needed.
The Minister, in her keynote address, further explained the current administration’s plans to reposition the economy, noting that the planned “investments would create jobs with the various contractors that would execute the projects.”

She explained that public investment would attract further investments from the private sector and that investments in power and transport would further increase the competitive position of Nigerian businesses.

Adeosun, in a statement issued by her Special Adviser on Media Matters, Mr. Festus Akanbi, cited the case of Ethiopia, which is now seen as a model for African economy which had diversified from a single product, coffee to a multi-product with exports of flowers providing $3.5bn of earnings as well as leather goods and other products.

She said that to attain that level of growth, the Ethiopian government had invested up to 60 per cent of its budget in capital projects, pointing out that this threshold contrasted with the Nigerian situation, where in 2015,

Nigeria’sNevertheless, Adeosun said ongoing ”fiscal housekeeping”, which included sanitising the payroll, which to date, had unveiled over 23,000 possible ghost workers and the creation of the Efficiency Unit was a key strategy in managing recurrent expenditure, adding that the focus on improving non-oil revenue collections was an important strategic objective.
She noted that this was essential in ensuring that the planned government borrowings were channeled to capital projects rather than being spent on recurrent items.

She said that the financing strategy was to restructure much of the existing debts, which has short maturity and align it with the investment plans of the government in line with its Medium Term Expenditure Framework.

She further assured that government was ensuring that projects to be undertaken would create direct and indirect revenues, which would be used to repay the obligations.
The Minister said that for the medium term, the outlook for the economy was strong and that if the planned investments in capital were undertaken then the GDP growth projections showed that Nigeria would become a leading global economy.
She said that government would work to ensure that consumption from our huge population would drive internal growth across a number of key sectors.

She also assured the audience that if the disciplined implementation of the plans could be attained then Nigeria would finally be able to diversify, ending a situation where the entire nation is dependent on the oil price.

Source:http://www.nairausd.com/2016/02/budget-2016-n18tn-investment-will.html?m=1

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Al-Naimi speaks with counterpart about other producer meetings

Oil traded near $31 a barrel after Saudi Arabia and Venezuela met to discuss cooperating to stabilize the market and U.S. data signaled investors are split on the direction for prices.
Futures rose as much as 1.2 percent in New York, trimming last week’s 8.1 percent drop. Saudi Arabian Oil Minister Ali al-Naimi met with his Venezuelan counterpart on Sunday in Riyadh, the Middle East nation’s petroleum ministry said in a statement, without elaborating on steps required to shore up the market.



Speculators’ short positions on crude were near a record while longs were at the highest since June, lifting total wagers to unprecedented levels, data from the U.S. Commodity Futures Trading Commission show.

“There are very little signs of abatement on the supply side,” Michael McCarthy, a chief strategist at CMC Markets in Sydney, said by phone. “West Texas is likely to trade between $30 and $34. We could get a push outside of this, but I suspect that’s going to be a central range for months to come.”

Crude is still down about 16 percent this year amid concerns about Iran’s effort to boost exports after the removal of sanctions and brimming U.S. crude stockpiles. Prices will remain low for as long as 10 years as Chinese economic growth slows and the American shale industry acts as a cap on any rally, according to Ian Taylor, the chief executive officer of Vitol Group BV, the world’s largest independent oil trader.
West Texas Intermediate for March delivery gained as much as 37 cents to $31.26 a barrel on the New York Mercantile Exchange and was at $31.08 at 7:43 a.m. London time.

The contract fell 83 cents to $30.89 on Friday. Total volume traded was about 10 percent above the 100-day average.
Brent for April settlement was at $34.25 a barrel on the London-based ICE Futures Europe exchange, up 19 cents. The contract slid 2 percent last week. The European benchmark crude was at a premium of $1.31 to WTI for April.

Saudi Talks

Venezuela’s Oil Minister Eulogio Del Pino met with al-Naimi after visiting Russia, Iran, Qatar and Oman on a tour to drum up support for a coordinated approach to address the slide in prices. Six members of the Organization of Petroleum Exporting Countries and two non-OPEC producers would be open to attending an extraordinary meeting if one is called, the South American country said last week.

Rising shale output has expanded U.S. stockpiles above 500 million barrels to the highest level since 1930, according to monthly data compiled by the Energy Information Administration. Rigs targeting oil in the nation’s fields fell by 31 to 467, the lowest since March 2010, Baker Hughes Inc. said on its website Friday.

Money managers’ combined short and long positions in WTI, rose to 497,280 futures and options contracts in the week ended Feb. 2., according to the CFTC. Shorts increased by 9.7 percent to near the all-time high reached three weeks ago, while longs, or bets that prices will gain, climbed to the highest level since June, the data shows

Source:http://www.nairausd.com/2016/02/oil-trades-near-31-after-saudi.html?showComment=1454943435516&m=1

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AkumahTalk:
My brother, apart from the big names, everyone worries and is faced with the challenge of blog traffic. Although I've come to notice that the more content you put up (that is SEO optimized), if you do every other thing right, the higher the probability of increasing your traffic OVER TIME. There's no magic involved. Its definitely not immediate. Try to write more quality stuff, push it on social media, other blogs and ensure that its google searchable. If you can accumulate up to a thousand posts, I can almost assure you that you'll worry less about traffic. Remember, blogging is for the long haul. If you're consistent, you'd watch your traffic grow from month to month.

Truth be told l don't write all my pos(like 60% is copy and paste).
I am not really a good writer but l love to spread information.

Jeromejnr:
With hundreds of entertainment blogs out there, why don't Nigerian bloggers do something different. If you really want to stand out.

Besides, Blogging is not for everyone.

True talk. I remember when l started, l was advised to forget my own niche and jump into "ENTERTAINMENT" or focus more on the latter to the formal. Because Nigerians want what will entertain them.

In which l was about doing but along the way someone advised me to stick only to the former.

Though it not easy but BABA GOD DE.

I still do ' copy and paste' l no go lie.