₦airaland Forum

Nigerians and hyprocrisy are like siamese twins...so upon how everyone dey yab police dem still wan join dem? i guess if nepa is having job openings 1million people will apply for 100 positions and if yous ee as people dey swear for nepa ehn u go fear d work tire.

This deal was driven by rising wages in China, and the need to reduce their exposure to increasingly protectionist western markets as the Chinese transition to high value manufacturing, and automation erodes their cost advantage. Anyways, once the haircuts ( grin) are taken, it would be interesting to know how much of the said $6 billion actually goes into the required work and how much ends up in the BVI.
In any case, it is in Chinese interests to get a firm foothold in Nigeria's emerging market before it gets too crowded.


BVI.

Dollyak:
This deal was driven by rising wages in China, and the need to reduce their exposure to increasingly protectionist western markets as the Chinese transition to high value manufacturing, and automation erodes their cost advantage. Anyways, once the haircuts ( ) are taken, it would be interesting to know how much of the said $6 billion actually goes into the required work and how much ends up in the BVI.
In any case, it is in Chinese interests to get a firm foothold in Nigeria's emerging market before it gets too crowded.

gerarahia mehn

jydeskill1:
I'm sure the billions is at ur back yard. Mumu talk

oga leave story...gbajunu said 6bn dollars loan and this was the samething oyegun,oni et al are all saying..why are you trying to justify it by implying its swap deal? anyway how far u don see fuel buy?

Akshow:
even what u quoted says "alleged".

This swap deal isn't rocket science. It is a swap deal not a loan Or if you prefer the ‘technical’ name — Bilateral Currency Swap Agreements. Depending on who initiates the swap, a simplified version will work something like this.

Nigeria wants to make life easier for its traders who buy a lot of stuff from China. As Nigeria doesn’t sell much to China, it is not easy for the CBN to build up Chinese Yuan reserves. This means that for any trader who wants to buy stuff from China, they have to get prices in dollars. This adds costs and risks given that the person in China giving the quote has to convert Yuan to dollars before sending to Nigeria, bearing in mind the risk of currency moves affecting his bottom line. The Nigerian guy then has to buy dollars to make the payment to him. From the point of view of the CBN, this is extra dollar demand that can be avoided.

So CBN approaches the People’s Bank of China (PBOC) and asks to set up a swap. Xe.com tells me that 1 Chinese Yuan is currently worth about N30. So for the sake of simplicity, let’s say CBN offers to swap N30bn for Y1bn. Both of them agree an exchange rate on the day of the swap (N30 to Y1) and they make the transfer.

Now that CBN has some Yuan, it can then sell it to Nigerian banks in the same way it sells them dollars. The Nigerian trader can then tell his Chinese trading partner to give him a quote in Yuan instead of dollars. Once he has the Yuan quote, the trader can then go to a Nigerian bank and make a request for Yuan in the same way he used to make requests for dollars. Instead of the headache of dealing with 3 currencies, the dollar element is now removed and we have a normal 2-way quote.

This takes off some dollar demand pressure as people who want to buy stuff from China can face their Yuan squarely while the dollar people face their dollars. At least we get to know who is who. All of this is, of course, conditional on the amount of Yuan being swapped.

But what are the Chinese guys going to do with their N30bn? Same thing — they can now pay in naira for anything they buy from their Nigerian trading partners. Gerrit?

2B

orisirisi

bros no mind them oooo

luvinhubby:
Even you !

You no well.

younowell:
e pain dem...ntor

Guess you have been on holiday? and did you read the original post or just figured me out cos i'm not supporting uncle gbajanubu?


House of Representatives Majority leader Femi Gbajabiamila has described Ekiti State Governor Ayodele Fayose as a meddlesome interloper following the letter he wrote to Chinese President Xi Jinping on the alleged $6 billion loan sought by Nigeria from China.

Akshow:
Nigerian didn't borrow money. It was a currency swap deal.

why should nigeria be borrowing ordinary 6billion when billions upon billions of dollars has been returned and trillions of naira has been returned as well...why are they not disputing this fact from fayose?

Bros write in your native language na abi na by force that you must WRITING AND SPEAKING ENGILISH NI and wait what're your criterias for qualifying someone as an illitracy

franchizy:
whether APC likes it or not Saraki will won this case. i dont blames all dis illitracy zombies spoken rubish against saraki.
saraki remains innocence as this is just a mere witch hunt for disobey his party.
we the Nijeria youths stands with saraki.
this case is mere plopaganda and noting else.

Op i checked his place of birth and its: Paris,france and i don't believe the french authorities will help him manipulate his age or birth certificate so he's 18 but if he was born in africa or where he descends from HAITI then no he's not 18

how are you sure the butt wasn't possessed,process and under hard work all night long and what's the assurance that the butt is currently not on fire from hard d? or she informed us sometiems ago dat she's a virgin abi na celebate sef she talk? well believe that at your own peril bro.

decatalyst:
What is the essence of the butt when no one is ready to possess it!

Op sef funny plus the mods sef are i saw baba pmb last week driving himself in his benz and yesterday i saw jagaban driving his rolls royce in lekki phase 1 and you won't believe just this morning i saw saraki driving towards the national assembly by himself(no siren nothing )

Caseless:
repented.

Lol ameachi, sylva et.al?

Caseless:
He should do that as quickly as possible.
We know the party that houses corrupt people and that's where he belongs.

Bros na dere mk u dey ooo when our northern elites have already bren demanding for lion share of d budget

tobtap:
give us the name of the nass member... the south should have more projects judging from this statistics.

op add nairaland.

before nko? mk dem stand for hin head greet am? op are u igbo? cos someone told me the igbo ppl usually kick their parents to wake them in the morning...


let me run sharply before them come for me...

He said, “There is no way anybody could have sold the vehicles because they are properties of the National Assembly. They were purchased by the management and they remained the National Assembly properties until we decide to buy them after the end of our tenure.”


Senator annonymous abeg how much dem go sell that jeep to una after una tenure? im sure its gonna be less than 0.10% all the same sha God dey...

kikikikiki abi dem don return am..op please update the topic when dem return the cars oooo

if them returm am make 1naira turn 10 dollars,make 1 barrell of oil turn 1000$, make nigeria becomes visa free to yankee and heaven, make seun marry linda,make....mk me sef chill small nothing is impossible ooo but this one is 1000% highly impossible.

“With the $200 billion they claimed is coming from Dubai, $700 million raw cash they said was found in Diezani Alison Madueke’s house, N3 trillion said to have been saved from the Treasury Single Account (TSA) and N4.5 trillion the Federal Inland Revenue Service (FIRS) said it will generate this year, what then is the rationale behind the federal government seeking any loan?


Let's stop been bias and look into the above point.. If it's a lie then let apc deny it with immediate effect otherwise fayose is right then!

“Once he emerges, the reforms will take off,‘’ the minister said.

Na only men una fit hire?

Who u sef Don epp?

MabraO:
My friend u yarning dust
Abeg face front mske I see road
Who Saraki don help

Officers and Men of Niferia Customs were attacked by smugglers while on patrol along Ogun/Ole-Odan axis of Ogun State. Four suspects have been arrested in connection to the attack.


Op how's this news our business cos here in Nigeria we don't deal with people from Niferia and hope you guy's are not planning to flaunt another country ooo cos we're still finding it difficult to free our biafra peeps

Na una suppose dey shame cos saraki is apc.. Your Party is that of corrupt elements and that's why someone like saraki is representing you and fu**** you guys so hard in the a**

MabraO:
That good for nothing old man chukwudi44 that got no shame can't be found here lai lai na to dey delude himself na him sabi

This is the funniest thing that I Don read dis year ooo I swear I Don laff tire I beg always mention me when anoda one Don dey


quote author=demolinka post=44820162]To that mod that banned me, I don't know who you are. I don't know what you want. If you are looking for egunje, I can tell you I don't have money. But what I do have are a very particular set of skills, skills I
have acquired over a very long queue at the filling station. Skills that make me a nightmare for people like you. If you promise not to ban me again, that'll be the end of it. I will not look for you, I will not pursue you. But if you don't, I will look for you, I will find you, and I will take every drop of petrol in your keg...all of it.[/quote]

Lol of cos na.. U nd tosyne2much can corrupt anyone lol I even dream sef sey una marry

blueeyes1:
lolzzz, Kai! So u don reach there! I hail u oooo, thanks for stopping by dearie.

Kikiki and make boiz hustle hard and stop believing davido who's saying some girls no want ferari..


I don't know d ferari owner ooo but if he's gor cow packs, short, slowpoke et.al u go surely see enough naija girls queuing up to knack him and they're only interested in his heart ooo not the money

tammyboy1:
Whats 400m to politifians when one man alone can steal 200b Or when yahoo boys are making millions just in one catch, my advice is whatever you do,put in your best work...and for the ladies dont be like yemi alade dahs asking a guy to buy her ferrari wey her great grand papa dem nva see before sef.....

See you?! No br oga, my oga u dey talk about?

blueeyes1:
hi hi, been a while,inviting u specially to my new thread,hope u enjoy it.

In as much as your analysis is on point some ppl are still coming to call u bad belle or enemy of progress.. Op please look and comprehend this post of aloeman15 and please hope you don't have too much family and friends around the area or in ibadan as a whole?

Maybe you can start frozen food business to me that's still less stressful than restaurant.

aloeman15:
Buka or restaurant?
In your house or rented?
For drivers or executives?
Local or continental?
Busy or quiet area?
Hired staff or family biz?
Plastic or wooden furniture?
Remodel the site, or use as is?
Ac or fan?
Terrestial or dstv?
Linoleum or tiles?
Monday to sunday or weekdays only?
Parking or no parking?
Pure water or bottled water?
Minerals or alcohol?
Freezer or ice block?
Whatever you do, beta reserve at least 10-20% for marketing your biz k?
Goodluck.

Op aponle ni Mr adewale u can call me mayorkun.


Op one of the major hindrances to positive growth in all aspect of naija( economy, entertainment, religion etc) is hypocrisy.



If something is not good condemn it or give a better suggestion but if you try this in naija you'll be seen as a bad belle...had it been tinubu was persecuted during his cct trial then saraki won't be forming boss now.. If pmb really act according to his word( I'm for everybody) and gather balls to prosecute some apc member's eg ameachi then alot of Nigerians will see pmb as a man of his world, I'm a Christian but even if the Muslim or some elements of them are bad you don't just go ahead killing over 300 people yet some people have the moral and confidence to defend such actions..


Nigerians want to hear what they like to hear...this your analysis ( every sensible person would agree with it) now take it to mayorkuns page and tell him instead of using some of the advice to improve himself instead you will see alot of the sham fans critizing you and calling you bad belle...funniest thing I saw some people uploading the music on instagram and some of them were even saying the song is so emotional to them