₦airaland Forum

chumakk:
See this one that they are still brea*stfeeding.

MrImole:
Life's good.

noeloge82:
More of this is needed from our first class citizens

Khd95:
Lmao at 92.8m km away


me.would u like to be d moon in my life

bae:awwwn,how sweet,ofcos yes


me: ok.only come to my house at night,nd leave b4 dawn

iamSi:
Firearm with EMPTY bullets?

Pineapp:
Business strategy 101

jnrbayano:
The Gunners can kiss the league crown goodbye if they fail to secure all 3points against the Swans tonight.

mecuzee:
Success likes hanging out with success!

poshestmina:
So

Is the white man above cautioning?

chesterlee:
Peter is really serious with his footie management biz



More grace to him!

iykekelvins:
Kai.. Olympus has fallen

anochuko01:
is it for people that didn't pass their WAEC?

175:
Easy on it Solo

nnadychuks:
ham burger for the crocodile

konji1:
Chai This Guy Don vex seriously..

unite4real:
Jan 26 Nigeria’s central bank kept its benchmark interest rate at 11 percent on Tuesday and left the naira exchange rate fixed despite a dive on the parallel market.

Central Bank Governor Godwin Emefiele said the 12 members of the bank’s Monetary Policy Committee voted unanimously to keep the rate unchanged. The bank also held the cash reserve ratio for commercial banks at 20 percent.

Sixteen of 18 analysts polled by Reuters in the run-up to the Monetary Policy Committee meeting had expected the central bank to hold interest rates steady at 11 percent.

Emefiele announced there had been no changes to the official naira rate to the dollar which has come under tremendous pressure due to a drying up of vital oil revenues, Nigeria’s lifeline.

“The committee reiterated its unyielding commitment towards achieving a stable exchange rate regime to ensure more flexibility for sustainable inclusive economic growth in the medium to long term,” he said.

As commercial banks have run out of dollars, firms have been forced to go to the parallel market where a dollar fetches 305 naira in contrast to the official rate of around 197.

The central bank governor told reporters Nigeria was looking at “different scenarios” if the oil price dropped further but did not elaborate.

Non-deliverable currency forwards – short-term contracts used by counterparties to lock in a future exchange rate – fell on shorter dated contracts but rose for those one year out, indicating that investors believed Nigeria will have to devalue eventually, but was less likely to do so in the near future.

Emefiele also defended controversial import restrictions for hundreds of goods aimed at preserving the dwindling currency reserves. He said sales for locally produced food such as fish have been rising. “It has been positive,” he said.

“There is a plurality of policymakers who would like to see a devaluation but the president and central bank governor don’t seem to want it,” Alan Cameron, economist at Exotix in London, said

“I don’t think they will run out of reserves any time soon but the question is how much of a spread between official and parallel exchange rates will they tolerate. That in itself should bleed the reserves down in a year or so.” (Reporting by Ulf Laessing, Alexis Akwagyiram, Chijioke Ohuocha, Oludare Mayowa, Julia Payne and Camillus Eboh, Karin Strohecker and Sujata Rao-Coverley; Editing by Jeremy Gaunt)

http://abokifx.com/update-1-nigeria-central-bank-keeps-benchmark-interest-rate-naira-exchange-rate-reuters/

odinese:
D4mn! This is serious fire right there.... Hope no live lost..

But damn! Their properties though

HerexG:
You will never know the true value of freedom until you visit Naija prison ....