₦airaland Forum

3 hours ON, 6 hours off.......atleast is better than those that don't have at all...........only God can save this country.

timidapsin:
Na wa for you oh? old pic ke? pic i just took screenshot of, about 3mins ago.

is an old pics bro......

Adaure4ever:
crush kwa? Lol

lol, I thought since is a hansome guy and u are equally a pretty damsel, may be u could be crushing on him

Adaure4ever:
Handsome guy. Efcc is working o.

is ur crush right......

Na small shit dey spoil nyash , All because of $1000, u go land ur self for EFCC and u say na Era of change we dey....SMH

lovely outfit unlike the ladies exposing their cleavage all in the name of fashion.......

femiranking28:
Okay so we imported the grasses to grow them here... Okay thats okay hope the grasses would be enough for the cows so they don't have to wonder again.. I wonder how person go trek with nama from sokoto to akwaibom on foot jesu...

funny u......can t just stop laughing with this ur funny comment.

princeFAD:
which one be posthumous birthday ? the person don die. Birthday should be for people who are alive. For people who are dead ,it should dead day

posthumous comes from Latin — post means "after" and
humare , "to bury. posthumous happens after a person is dead,.

Happy Birthday......

She is more beautiful without the bleaching...........No gain in bleaching, u will only turn to Alabi yellow after the bleaching.....

Iyamar:
Congrats Toke mankiwa. Check My own makeup o maybe someone will call me also. I am beautiful

You are beautiful.....very soon u will sign ur own endorsement deal.

RIP

It does not work again.......that's why u see most Esan women flirting and very very troublesome..........

Very funny girl.........

Bevista:
Ordinarily, I should not comment on this thread since Ubah has not mentioned how he would go about it. However, for the benefit of those who might get swayed by his cheap claims, I'll say something.
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The exchange rate (PRICE of dollars) is determined primarily by SUPPLY of dollars (through exports, FDIs, foreign borrowing, etc) and DEMAND for dollars (through imports, payments of foreign school fees/medical bills, online purchases, etc). The NET flow of these transactions determine the Balance of Payments (BOP) account with the Central Bank. Elementary economics tells us that when demand exceeds supply, prices go up!
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Coming back to Nigeria, it is well known that oil accounts for 95% of our FX earnings. As oil prices have collapsed from ~$100 in 2014 to ~$30, our supply of dollars has dropped tremendously. This is even worse when one considers that our cost of oil production is ~$20/bbl, meaning that our dollar revenue from oil has dropped from ~$80/bbl to ~$10/bbl. On the demand side, the request for imports are increasing. With such supply shock and increasing demand, there is only one way for the exchange rate to go. This is basic economics and has nothing to do with Emefiele or Buhari, except you are simply being mischievous or grossly ignorant.
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When oil collapsed from around $147 to $38 due to the 2008 Global Financial Crisis (GFC), Nigeria had a Foreign Reserve of ~$62bn. The then CBN Governor had to spend ~$20bn from the Reserves to meet import demand thereby preventing devaluation/depreciation. Between 2011 & 2014, oil price was above $100, meaning that the administration never had a dollar supply problem and so could maintain a stable exchange rate. Fast forward to late 2014 when oil prices slid to ~$60, the CBN had to devalue the Naira twice within a period of 6 months (Nov 2014 & Feb 2015) because the Reserves were too low (<$35bn) to deplete to support imports. Now in 2016, oil prices are around $30/bbl while FX Reserves is less than $28bn. The supply shock has reached unprecedented levels, yet demand for imports has not decreased. There is absolutely no way that the exchange rate can stay below N250/$. Simple economics says that price will continue to move till a new equilibrium is reached where demand equates supply.
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There is no policy from Emefiele, Soludo, Greenspan, Bernanke or any other Central Bank governor that can strengthen the Naira in the near term. Except we want to completely deplete the Reserves or go to the IMF to borrow SDRs just to meet import demands. Brace up folks, if oil price collapses to $20 (thereby increasing the supply shock) the exchange rate shall hit N1000/$ and I repeat, this has nothing to do with Emefiele or Buhari but simply economic forces. The only thing that can save the Naira is either for SUPPLY of dollars to increase (through high oil price) or DEMAND to reduce. Since we do not have control over the supply side, we can at least focus on managing the demand side.
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So Mr Ifeanyi Ubah, you have zero knowledge on what you are talking about. With all the money you made from the last government, you can start by building a refinery or some other manufacturing facility (like Dangote) to help us substitute for imports. That would help the Naira more than you seeking cheap consultancy from the government. Or except you want to broker a deal for the government to give amnesty to your Dasuki-Gate friends, so they can bring out stashed up dollars from soakaways and graveyards to support the economy.

Nice one

The family look like Americans........Happy Birthday Sir, many more years of celebration

lofty900:
Nigerian army have pushed them into Cameroon, they should remain there

chia u ehen, instead of u to pray dat dis boko haram should be wipe out totally from the surface of the earth instead u are happy dat d soldiers has push dem to Cameroon,........please always think b4 typing.....thanks

All thanks to God......I wore that back in d days.

Sugarhugs:
Very handsome rich nigga,

you like him...

eleojo23:
There are not many things that you can buy with a single N1 but that 1 naira is still important.
You can't pay for something worth N1000 with N999. That extra 1 naira could stop you from buying the item.

The difference between a millionaire (a guy with N1000000) and the guy with 999999 (a thousandnaire, if you like) is N1.

funny u, this really made me laugh....

Too bad........this Burning of department has being a normal routine 4 AAU Ekpoma..........proudly alumni

K

insycarc:
k

Association of space booker......

Mother is supreme.......Take heart bovi

Iyawo mi by TIMI DAKOLO...........should be there

what a pity, Man with 2 hands and 2legs can't work but depend on the wife salary.........

BiafraudExposed:
g

G for Girl....space booker association....How market

They should stop given all this untrained military personnel Guns.......

if she can tell u all dis b4 marriage that shows that she truly loves u...70 percent of nigeria girls won't let u know ,,,,,,if d doctor said she can give birth to three kids is okay, please Go ahead with the relationship.....I Believe with love, understanding and God u both will overcome.

If PMB can probe IBB, corruption will be history in this country....

Holywizard:
TO FUCVK JUST DEY HUNGRY ME

Nor go Rape person piking ooooo

After 2 kids she still got her shape back kudos............The husband will be like make I quick close from work make I go dey with my wife because she got everything that will make me relax as a man...