₦airaland Forum

Glo4issy:
Had one crush then (handsome guy)lol,the guy made it so obvious to the point everyone around knew he liked me ,funny enough my room mate had a crush on him lol... imagine the whole thing and I never liked this boy one bit,my friend was even asking me if I did voodoo on him . One evening,I was kinda Hot I called him into the room and made OGA give me head when he wanted to slide in,that was when I realize I just bleeped up . Till date I still regret taking advantage of him

what did he do wrong naa
?

Bethel95:
Mathematics to some is the worst subject ever but its actually the easiest! Imagine your question to be your best activity, bend the rules change the taste feel the equation and remember never give up. So you want to love maths? Follow me and get nice tips

okay.
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Rhaspody:
Yes. Economics taught me the principles of microeconomics. And I have been applying it to my daily life.

Especially marginal utility

senior, help your junior colleague with orientation

Okay oo

Kenplay:
I am currently studying Statistics/Computer science which I love but sometimes I felt I should have simply studied Economics. I will definitely study Economics in my master and add a M.BA to it. Amen

why do want to dive into Economics

3125273281
Eke Ejieke Kalu
First bank
D
Abia state

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3125273281, first bank. EKe Ejieke Kalu

3125273281, first bank

3125273281, Eke Ejieke Kalu, first bank

ejiekekalu2019@gmail.com, E. E. K, 3125273281, first bank.
Thank you maa

3125273281, first bank, Eke Ejieke Kalu

What an educative thread

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Add small money to it, then use it to buy a laptop. You can then use the laptop to work as a remote transcriptionist. You can earn 1k to 5k per day depending on how fast you learn. I can put you through for free too.
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Visit the link for those interested then drop your questions?
Stop dropping your numbers here pls.

sir, please, I'm interested

yorke1:
Economics but working as an Accountant.

a rational thinker spotted

Economists, simplify

agbari1:
Yes

wow! Kudos. I'm a 100 level economics student. Please, sir, give me some laid-down principles to follow in order to possess this your analytical prowess

aribs:
This is in reference to a practice when certain institutions like banks and possibly individuals are able to obtain forex at a certain rate "officially" and can then turn around to sell same on the black market at a different price thereby making profit on the same

thank you so much for your simplified clarification.

aribs:
Always knew this day was going to come and it's about damn time too. Having multiple exchange rates with some people able to have preferential rates was actually quite unrealistic. The opaqueness and propensity for round tripping and all. I still believe the naira is still artificially higher than its actual value even at the 360 -370 bandwidth. I forsee a likely " adjustment " ( for lack of a better term since I know they will not want to acknowledge it's actually devaluation) especially if things hold up this way. Most hard hit again will be the Nigerian consumer who basically relies on imported goods all through. The gains of the public sector wage increase just got erased. Interesting times

It's time we do the following:

1. The CBN as banker of last resort with the FG need to come up with a fund to help small businesses which would be impacted directly by these economic conditions..hardest hit areas such as the airline industry will need to be catered for to avoid job losses
2. Tax cuts for individuals and some sort of tax relief for businesses.
3. Revise budgetary estimates significantly and block all loopholes and wastage the real belt tightening is here folks and that applies to the politicians. That new stupid cathedral some state planned to build? Scratch that
4 we were gonna borrow anyway to fund the 10 trillion naira budget so if we are still gonna borrow , can we really stop paying lip service to diversification and really seek to explore the agric value chain? At least that's a strength
5 begin the process of removing certain things such as power and mining from the exclusive list to the concurrent list..its time each state is empowered to go to market and go hustle to bring actual development that will stimulate local economies rather than rely on ever dwindling pittance from FG
.


.

please, sir, what is round-tripping

agbari1:
What this means is that dollar was exchanged BY CBN for importer AT N357 and N307 for exporter. This means you you pay more Naira to get dollar if you are importing. This goes for payment of school fees abroad and other goods and services. Black market operators also get dollar from CBN at 357 to 1 dollars. That is why at black markets the exchange rate hovers around 358 to 362 to one dollar during the period. Government receives dollar from the sales of her oil which is kept by CBN. Projected budget of government for 2020 is based on oil benchmark price of 57 dollar per barrel. The price of oil has fallen in the global market to below $30. This means that government revenue has fallen substantially as oil accounts for about 90% of export earnings. In order to get more Naira to pay for internal spendings in the country such as payment of salaries and contractors, government must get more Naira. In doing so, quantity of Naira to be exchanged for dollar must be increased. Government doesn’t want to use the term “devaluation” hence it used exchange rate equalization. This means that no more 307, 357 Naira exchange to the dollar anymore but N380 for all multiple exchanges to a dollar. So our official rate to one dollar is now N380. Black market operators will be selling at amount higher than this may be N400 to one dollar depending on the availability of dollar in the market. Remember that over 50 oil cargo of Nigeria is on the see without willing buyers ad the demand for oil has reduced in the international market. The price is on the free fall because of Saudi and Russia price and output war. If the price of oil falls further to say $20 per barrel, Naira nearly collapse. Government may ban importation of less essential goods. It may go and borrow money from from international financial institutions such as IMF with stringent measures. It may devalue the currency further. Those with fixed income will be worse off. Prices of goods and services will go up. Demand for goods and services will fall. It will affect company revenue and lead to job loses.

sir, did you read economics

Good evening, the elderly erudite scholars of nairaland.

I was newly admitted into the department of economics in one of the Nigerian federal Universities located in the south east. Currently, there is a paucity of fund to continue forging ahead with my education. Although I have cleared all the necessary school due for the whole session, I'm still curious about how my next level (200L) will fare.

Please, my bosses, i need a recommendation for a tested and trusted scholarship programme available for Nigerian students in the economics discipline. Thank you all for your anticipated inputs.

vickysly:
Behind flats

. I dey for hostel

vickysly:
You guys are lucky you find your school pees here
Please who's UNN let's meet up

which side you dey

Enuda High School, Abiriba. Commodore Oke Ebitu Ukiwo(GCON)-former Vice President Of The Federal Republic Of Nigeria.

Mood11:
Me I have problems o.

Financial, Emotional and even Political.

But I want to Bless 3 People with #1k each for breakfast Tomorrow because na when Person talk him own you go know say your own better...

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