₦airaland Forum

House Zinicc need your cooperation

Zinicc:
Please I want to buy e-dollar in Abuja...We meet where you want in towm and we can walk into any Ecobank and čomplete the tranfer.
Amount: 2000usd.
At an agreed rate.
Txt me only on ...08094822573

I am staying Abuja. But it's nice you bring it hear.

I hope you meet the right customer.

BlaqCoffee109:
if it were an indigenous business,the ever busy governor will send his S.A special duties to represent him..formulating policies and creating a conducive business environment for local business to thrive, will see us having our own shoprite and the likes..seeing the governor "unveiling" shoprite and grinning ear to ear is apalling...it reminds me of other state governors who celebrate "dashing" out bikes,tomato/pepper grinders to alleviate poverty or some senators celebrating "bringing" borehole or electricity into their various constituency as major achievement.. always celebrating mediocre performance.. Naija which way forward? #sickening

Inferiority complex at play.

We need to upgrade our thinking

stevecantrell:
Its a damn shame we have to rely on foreigners for supermarket chain, cable Tv, and telecoms with the profits being wired offshore.

This is the reason we are were we are

Please what year list is this.

Because seeing Anambra state is not right to me.

rawpadgin:
publicity stunt

i dey wear my babe her cloths after we don ukponkpo finish but i ain't announcing it

Question if l may ask?

Who know you

CR77:
I think Buhari will be crowned MR. TOURISM in 2015.




Ode go and hang ur self hater

Sis why you won punish some people for this hour

Sick evil entity

Destiny can be delayed but can not be denied

I keep asking myself this question ?

Is APC in any competition with the DEVIL.

chocolateme:
Ok

Meaning

Nigerian delegation to this year’s IMF/World Bank meetings held several meetings with World Bank/IMF Officials, colleagues from across the globe and institutional investors that picked interest in Nigeria. The delegation led by CBN Governor, Mr. Godwin Emefiele and Permanent Secretary, Ministry of Finance, Mrs A. M. Daniel-Nwaobia had back to back meetings. At the end, they explained what transpired inside the various plenary sessions
Excerpts





Introductory remarks

BRIEFING – Head of Nigerian Delegation and Governor, Central Bank of Nigeria, (CBN), Mr Godwin Emefiele, (2nd left), Deputy Governor, Mrs Sarah Alade (first left), Permanent Secretary, Ministry of Finance, Mrs. Anastasia Daniel-Nwaobia, and a director in the Ministry of Finance, Alhaji Haruna Mohammed, during a press briefing with Nigerian journalists who attended the 2015 Annual Meetings of the World Bank Group and International Monetary Fund in Lima, Peru.

These meetings are biannual statutory meetings of the Finance ministers and Central Bank Governors, from over one hundred and eighty countries of the world. We held meetings with some international banks who are thinking of developing some relationship with the Central Bank as well as Ministry of Finance and the Federal Government.
We also held meetings with some rating agencies to provide insight into the Nigeria economy and what we are doing to support and grow the Nigerian economy.

Global economy projected growth

Basically what you can say are some of the main issues facing the global economy is that the world finance leaders as well as the Governors of central Banks came to the conclusion to the point where the global growth was further revised downward, when the Spring Meetings were held in April, 2015, global growth was projected at 3.8 percent. The Growth was revised downward to 3.1 per cent.
For Africa economies in April when we held the Spring Meetings, global growth was projected at over 5 per cent but at this meeting, global growth for 2015 has been revised downward to 3.5 per cent and for 2016 growth for Africa has been projected at 4.2 per cent.

What this tells us is that the slow down as a result of drop in commodity prices or the end of the quantitative easing to the extent that the United States is already contemplating raising rates through assets as well as the geo-political situation has affected many economies to the point that they are slowing down and in some cases some of the economies have also gone into recession.
Countries specific advice

The meeting also concentrated on what can be down to revise the trend and what kind of specific solutions can be provided for the different economies to turn their situations around. Basically, we find that for those economies that are really affected by the drop in commodity prices, and in this case Nigeria, basic solutions suggestions that came up were first that there is the need for Nigeria to diversify its economy in this case from oil or from commodity prices.

This we are already doing and we seize this opportunity to thank Mr. President for the support he has given for most of the intervention that he has made in diversifying the economy away from oil.

That has given credence to what we are doing to catalyse the Nigerian economy by making available intervention funds to support agriculture, micro small and medium enterprises, and other various interventions, that we are putting in place to support the Nigerian economy.

Another solution that came up was that five countries that are also affected by commodity prices and other external shock factors should adopt country specific measure that could help address their problems. That further gives credence to the specific option that we have taken, not to continue to adopt an indeterminat

Source:http://www.nairausd.com/2015/10/imfworld-bank-to-nigeria-others-adopt.html?m=1

Twitter@nairausd

Cc.TonyeBarcanista
Obinoscope

I hope Naira will take advantage of week Dollar.

House how....

Barki are you in Nigeria or are you a Nigerian.

Surprised you are saying this.

Anyway cha if you miss welcome to Nigeria were Og dem fit skip the law but odas dem no fit in short the law know dem


You know. ......

Barki are you in Nigeria or are you a Nigerian.

Surprised you are saying this.

Anyway cha if you miss welcome to Nigeria were Og dem fit skip the law but odas dem no fit in short the law know dem

Commodity-linked currencies rose against the dollar Thursday as oil prices recovered while sentiment got a boost from a positive open on volatile Chinese stock markets.
“The strong open of the Chinese markets was met with some relief by markets today, with strong gains seen by commodity-related currencies in particular,” said Angus Nicholson, a market analyst at IG.



“The Kiwi dollar, Indonesian rupiah and Aussie dollar were the three best-performing currencies in Asia today.”

Weak Japanese trade data on Wednesday had aggravated widespread concern over China’s economy and a slump in global growth, pushing investors into lower-yielding and less risky currencies including the yen.

On Thursday, the dollar weakened to 119.65 yen from 119.93 yen Wednesday in New York.

The euro traded flat against the greenback on Thursday, as analysts said the ECB looks set to keep its rates steady and refrain from adding stimulus measures when central bank policymakers meet later in the day.

The single currency traded unchanged at $1.1339, while edging down to 135.65 yen from 136.00 yen in New York.

“Market expectations about more QE (quantitative easing) have increased recently,” said Carsten Brzeski, an economist with ING DiBa.

“In our view, however, the ECB will refrain from more QE, at least at the current juncture, and will rely on its often-used verbal intervention skills.”

In other trading, the rupiah rose 1.37 percent against the dollar, while the Singapore dollar edged up 0.08 percent and the Thai baht gained 0.13 percent.

But the South Korean won dropped 0.66 percent against the dollar, while the Malaysian ringgit traded 0.21 percent lower.

Emerging market currencies have suffered heavy selling over the past year as the US Fed was expected to lift interest rates, with dealers thus shifting to the US looking for higher and safer return

Source:http://www.nairausd.com/2015/10/dollar-weakens-against-commodity-linked.html?m=1

Twitter@nairausd

Abeg were the part were dem say lawer they beg.

Kai! My country people which kain journalist wey we get
For this country.

chilez:
Good morning, great work u r doing here updating info. Please i wanted to ask wat the dollar-naira rate is for GTB Mastercard to make online payment? Also are there extra charges asides the amount paid using d card online? Thanks for ur urgent rwply on dis.

I don't know much about online payment but the house can help you in that aspect.

Most online payment (OFFICIAL RATE) are closed to each other

Davijunson:
I have said this before and I will say it again.... A house Divided against itself cannot Stand... let's forget about this Social Media noise and all that... Majority of Igbos, esp those outside the east are against Biafra, so what are you Saying? if all Igbos can agree that Biafra is what they want, fine... But y'all look like some set of confused ppl who don't know what they want..

But will you agree that BIAFRA is the land of the rising sun

If only this can be harness.
It will be of great importance to the country

Believe

You know. ......

If only this can be harness.
It will be of great importance to the country

Davijunson:
Why are ppl giving this Biafra of a thing too much Attention?

Because it's the land of rising sun.

I hope you got it

Just a simple reply

A Ghanaian Government delegation is at present in Nigeria to hold emergency talks with the federal government, to avert a drastic gas supply cut threat.




The Nigerian National Petroleum Corporation (NNPC) said it would cut gas supply by 70 per cent to Ghana’s main power generation company by Friday, owing to unpaid debts of $181 million.

Ghana, according to Channels Television, had already suffered power shortages and Nigerian gas meets about 25 per cent of its needs.

Ghana was for years one of Africa’s economic stars, but falling global commodity prices have blunted the value of its gold, cocoa and oil exports.
Its fiscal problems include inflation of up to 17.4 per cent in September, a currency that has fallen sharply in the last two years and a debt-to-GDP ratio of around 70 per cent.



[ThisDay]

Source:http://www.nairausd.com/2015/10/nigeria-to-hold-talks-with-ghana-over.html?m=1

Exchange Rate Of Dollar To Naira,20th Tuesday October 2015



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

Exchange For Euro To Naira,20th Tuesday October 2015


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

Exchange Rate for B Pound-Naira, 20th Tuesday October 2015



http://www.nairausd.com/2015/10/exchange-rate-for-b-pound-naira-20th.html?m=1

LoveMachine:
Slow progress is still progress. We have more to do but we are doing it. Africa will be great again!

Slow but steady we will be there

New World Bank Report Reveals Africa’s Poverty Rate Drops To 43% f

By BusinessNews Staff

A new World Bank report has put Africa’s poverty rate at 43 per cent compared to a previous figure of 56 per cent.



The World Bank Vice President, Africa Region, Mr. Makhtar Diop said during a video conference on ‘End Poverty Day’ over the weekend that “We understand poverty has been going down in Africa significantly.”

Diop stated that the latest estimates came as “good news in the context where we have decay of solid growth in Africa averaging 5 per cent.”

“But while we are saying that, we have a lot of work to do because we still have a larger number of poor people in Africa, hundreds of millions,” he added.

He said the report represented the most recent poverty data available and seeks to highlight the need to know the determinants of poverty in Africa.

However, he said much of the progress in poverty reduction came from the non income dimension of poverty which witnessed improvement in literacy and child mortality rates as well as increase in life expectancy in the continent.

The Vice President further noted that the new figures were still a far cry compared to what is obtainable in other developing world. He said poverty eradication should not be limited to the Millennium Development Goals (MDGs) or Sustainable Development Goals (SDGs) but seen as foremost demand from the people of Africa.

“As society becomes more and more open, people are voicing the needs and wants for more inclusive growth,”, he said in a video conference from Ghana.

The reported estimated that two out of five persons were still malnourished in Africa while education systems are serious problems in terms of quality.

Diop said more investments and tough actions were required by governments to fix the energy sector particular the electricity distribution company which appeared inefficient and largely contributed to the failure of power sector.

The new Africa Poverty Report released over the weekend highlighted weak poverty data in the continent and urged governments to strengthen research instruments. It further noted that though non monetary dimension of well-being improved, levels remained low and progress had leveled off.

It said poverty in Africa may be lower than current estimates suggest although more “people are poor today than in 1990.” It also said inequality patterns vary across the African continent.

It further expressed concern over the low quality of surveys conducted by countries – some often incomparable. It cited a particular case of Nigeria as an example.
It said: “One survey of Nigeria’s poverty rate in 2010 estimated the figure at 26 per cent; another conducted the same year, putting the figure at 53 per cent. With 20 per cent of Africa’s population in Nigeria, this discrepancy makes a big difference in tracking trends in the region.”

Source:http://www.nairausd.com/2015/10/new-world-bank-report-reveals-africas.html?m=1