₦airaland Forum

missKiffy:
The prices of some goods in most online stores are higher than what you will get in the market.

No 1.

I thank God you are aware of this cunning way

I am amazed which the way we Nigerians glorified online store. To the extent that some people no longer visit the near by market for their needs or ask questions.



What made me to pass this information was the day l made enquiry about the prices of different inverters make and it range. I was surprised when l compare the prices given to in the market and the once online(despite their cunning discount, l know a lot of people are falling to this). What made my curiosity to grow further details about online stores, are as follows

1. When l was having a discussion with a lady. She told me that when she check the price of a particular material in the Internet and when she unknowingly went to the product dealer store.
2. Trade fair.
Now without wasting much of your time. This are what online stores do that you think are right

1. They are Wholesalers but sell higher than Retailers(are you surprised, then make enquire).
2. Some items you buy cheap online are either old one or given as gifts, charity etc.
3. Don’t be fooled by the discount because they are not fool to loose profit.
4. Old items but repackaged in a new box (you know what l mean).
5. Some products are not in the same grade with the original products (Quality Please).
6. Some are used as charity to some particular region but sold to you.
7. They are agents for companies from other countries.
8. They discourage Small scale and Medium Enterprise in an unknowingly way (this is a very complex issue which need a great understanding to the subject matter).
9. Welcome to the business world were you have to survive. So ..........

Note l am not discouraging online business or by from online or whatever you think. I am just passing out information to anyone everyone.

REMEMBER “INFORMATION IS POWER”

Nigerians be wise
Written by IfyAn

Source:http://www.nairausd.com/2015/12/some-things-online-store-do-which-we.html?m=1

Twitter@naira usd

This is to let everyone know the hypocrisy of Northerners and Moslem .

Take good look at their neighbours, then you will know what l am saying.

You wonder the greatness of technology, this is one atea. Nigeria fail to tap into.

Remember you can measure the advancement of a Nation through science, one area

Psylas:
has vowed to donate fortune to charity but could not help or open border for terrorized Muslims, sunni Muslims are terrorists!

Please enlightenthem.

Because they have a reason behind what they want and not what we think they want

Hmmmmm what can l say

Men be conscious of guy like this around

Let enjoy the fruit of our labour, remember

Mindfulness:
It is natural that economies go through phases of recession on a regular basis. It is a never-ending cycle. An economy will have to deal with recession in a time span of four to seven years. The only difference between the governments that we have had and those in countries with strong economies is that they know how to react to the different phases in the economic cycle accordingly.

Nice

winetapper:
amen

Poster above me would never lack

Abeg put my name there no be only una sabi beta thing

ikenna123:
The economy is down and we are now in the 7th month of this government yet we don't know they economic blueprint. We need to wake up from all these media bla bla about the missing dollars and let the courts do they jobs but let us focus on the economy that is going down each day. Today naira is almost 360 to a pound and some people are saying it doesn't matter for an economy that is import driven yet we are trying to borrow 1.9tr to finance this year budget will hoping the prize of oil doesn't go below 38 dollar. It's getting scary because small medium scale businesses are crying while the big ones are sacking staffs to cut costs. It's scary ......

Agree with you.

Bubu this not military regime

dustydee:
lMaybe not that low, but I think the government should allow the naira to drop to the appropriate level based on market forces as seen on the parallel market rather than defend the naira at N197 to the dollar. Our low reserves will not support the naira at the current rate for long. Nigeria should start diversifying the economy to earn more foreign exchange in the face of low oil prices.

There is one thing we fail to do in this part of the world.
There is a big problem but the solution is in from of us but we wouldn't go for it. Why?

You see we need to orientate ourselves for our own good.

We have been shouting to the government to diversify but they wouldn't listing now see were we are today crying about the crash of oil price.

May God heal us

docseun:
This is the end result of a mono commodity based economy I.e. oil based economy. The lack of economic diversity makes Nigeria susceptible to drastic global economic changes. There is an economic slow down right now in China so the demand for raw materials for manufacturing including oil has declined moderately. This has put further pressure on the oil price which is already at record lows because of OPEC increasing supply to protect its share against shale oil production from the U.S.
So we are getting hit on two fronts:
1) The value of the dollar has increased against all currencies.
2) We are earning less revenue from oil exports because of the crash in the price.
That is why a CBN policy to devalue the naira will be useful to increase the spread of the exchange rate .
But in the long run if we do not expand and diversify our economy away from oil this is a painful continous cycle that we are doomed to repeat .

Did you think Dollar is safe, because right now no top notch economy is safe at the moment.

I fear we may go into another recession.

What you guy fail to understand about the topic is that CBN needs BDCs operator.

Plus blame Bubu for this because despite the fact that CBN is a independent body. It needs to follow the economic step of the nation to know, execute, direct, etc its move for the nation. And who is to present the economy plan of the nation, the minister of economy and national planning in the case of Nigeria.

As it is nowl don't think any economic blue print is followed or available for execution. When our ministers were appointed not long ago. And who is to be blamed if not Bubu

What you guy fail to understand about the topic is that CBN needs BDCs operator.

Plus blame Bubu for this because despite the fact that CBN is a independent body. It needs to follow the economic step of the nation to know, execute, direct, etc its move for the nation. And who is to present the economy plan of the nation, the minister of economy and national planning in the case of Nigeria.

As it is nowl don't think any economic blue print is followed or available for execution. When our ministers were appointed not long ago. And who is to be blamed if not Bubu

My humble opinion

kosplateau:
My thoughts! They use each BDC's N35M deposit and won't tell the public that. Criminals!

Br9 it N30m not N35m.

teemy:
Now the purpose of regulating dollar sales by regulating the BDCs would be diminished if that happens. It is no big deal if it is between friends or associates but when done on a commercial level it must be done by registered persons who have to provide track records of every sale.

Note that the regulation is a means of limiting money laundering where money could be sold here and resurfaces in another place as another currency. The end result would be such foreign transactions would be illegal once they stage conversion over here.

I love this

mbulela:
I tire for the story o.
I changed today at the rate you indicated. I was wondering if I had been scammed as I read this.

How much

Why can't APC let this man rest.

Or they don't have more lies to dish out.

Or is it to tell the populace that they are no longer the opposition. Hmmm it seems that they are the opposition to themselves

However since Lai Mohamed is the information minister, any news coming from fg, its best to be sceptical about it

How true is this

glord380:
I wonder what some idiots achieved from given people wrong information, of all places to call inner street is the Concord avenue, a place were the state assembly is situated, a place where the most rated state hotel is situated, a stone throw from imo state ministry(all ministries), a state reserved area. Nigerians should learn to be honest to enable things better for us. Let's call a spade a spade without minding whose oxe is gone.

True talk bro.

Same place but different view and topics.

mployer:
Don't discuss something you know nothing about.

who told you banks are selling at 199?

Keep everyone informed.

I love this

Papertrail11:
mallam are yu sayn bdc dont help encourage moni laundering .....kai malam think fa


im majorly concernd about the econkmic sabotage dis pple are doing 199 to 260 is a big diff

If you know more about the system you wouldn't be typing this.

Papertrail11:
if yu wanna make dollar reduce and help the economy cancel that nonsense called bureau the changi simple......

banks are selln for 199 yu guys are selln for 260 una dey crasee..... every normal person who needs dollar ought to go the bank and easily get it but yu guys create some kind of artificial increase nd help fiance money laundering....and stuff.....if normal pple went to bank an bureau the changi is cancelled pple who do not necessarily need it wont rush to buy it......I dont know if sm1 is feeln me here just d way I see it

You are 70.09999% wrong.

Who created BDC at first & who told you that's it BDC that do money laundering the most, my bro if you don't know please make enquiry first before you jump into conclusion. It the bank and black mmarkers that do it the most.

I don't think it's up to this figure because it was sold at N250.00 to N253.00 today.

Check it from here http://www.nairausd.com/2015/12/exchange-rate-of-dollar-to-naira11th.html?m=1

Not everything you read on the Internet is true

ayemerbarth:
Emefiele and minister of Finance, we're you?

Blame Bubu for not presenting his cabinet early for the work to be done.

ChuzzysBlog:
True! However blogging style varies based on location and niche!

You don't expect a medical, food, or tech blogger to style the way an entertainer does!
neither do you expect a Nigerian blogger to write like an american blogger!

Choose what works best for you. As a matter of fact, getting loyal readers to you blog now is as hard as going to heaven through hell
you gotta drag as many readers as you can. In entertainment, you have just an original content. Others pick up from the original...

The problem i have with most of the people who post stuff like what you did above, is that, they do worse than what others do but hide behind one niche blog. Most tech bloggers and other "super niche" bloggers, have entertainment blogs and they keep their identity totally off it so you can't trace then. Hypocrisy

You think its beans to get strong SEO? guys let's be real to ourselves!


This is a whole of my time spent!
God bless all... If you quote i may not respond! Too busy

I love this.

Visit my blog http://www.nairausd.com/?m=1

Kposkila:
Indeed this Govt is working, let dem feel d brunt, Infact PMB shud change d currency n let all the ones dey stole n stored be a waste!

If you don't understand ask please

modath:
If they are being sincere, why is it hard to render returns to CBN?

Unless it's the politician hiding loots in their homes that are doing the purchase!!

Sis the problem is not rendering return but CBN are making it difficult for them. They keep changing rules month by month.

Plus BDC operators are trying to beat the system.

Welcome to Nigeria

You know
..........

Nice analyst

OPEC shows `renewed determination' to defend market share



Inventory build-up to slow as non-OPEC supply declines

The global oil surplus will persist at least until late 2016 as demand growth slows and OPEC shows “renewed determination” to maximize output, according to the International Energy Agency.

The Organization of Petroleum Exporting Countries, by effectively dropping production limits at its Dec. 4 meeting, is displaying hardened resolve to maintain sales volumes even as prices fall in an oversupplied market, the agency said Friday in its monthly report.

While its policy is hitting rivals, triggering the steepest drop in non-OPEC supply since 1992, world oil inventories will likely swell further once Iran restores exports on the completion of a deal to lift sanctions, it said.

Oil slumped to a six-year low below $40 a barrel in London after OPEC, which controls about 40 percent of world supply, said it would keep pumping in excess of its old production limit.

Saudi Arabia, the group’s most powerful member, has steered its strategy to pressure rivals in the U.S. with lower prices.

Swelling Inventories

Abandoning output targets doesn’t mean OPEC is about to further open the taps, as its biggest members -- Saudi Arabia and Iraq -- are already pumping near record levels, the agency said.

The group probably won’t bolster output until Iran completes an agreement on its nuclear program that would lift sanctions on crude exports, the IEA predicted.

Iran’s return will probably help to swell oil inventories by an “impressive” 300 million barrels, the agency said.

The accumulation of the surplus will actually slow next year to about half the pace observed in 2015 as non-OPEC supply wilts and demand remains strong enough to absorb some of the excess.

The combination of rising consumption and an expansion in storage facilities means the world won’t run out of space to store the surplus crude, the agency said.

Strategy Working

“There is evidence the Saudi-led strategy is starting to work,” the agency said. “Oil below $50 is clearly driving out non-OPEC supply.” Production from outside OPEC will contract by 600,000 barrels a day next year, compared with a surge of 2.4 million a day in 2014, the IEA predicted.

Global oil demand growth will slow to 1.2 million barrels a day in 2016, down from a five-year peak of 1.8 million reached this year, as the boost from cheap fuel prices wears off, the agency said. The agency’s 2016 estimates of demand and supply are unchanged from last month’s report.

Production from OPEC’s 12 members rose by 50,000 barrels a day to 31.73 million a day in November, the highest in two months, the agency said.

That’s about 400,000 a day more than the average required from the group next year.

Source:http://www.nairausd.com/2015/12/iea-sees-oil-glut-lasting-until-late.html?m=1

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