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Nairaland Forum / Leksy07's Profile / Leksy07's Posts
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Religion / Re: Lords Chosen Church Members Rolling Inside Dirty Water (video) by leksy07(m): 12:35pm On Feb 23, 2016 |
Jisos!!!!! |
Phones / Re: Any One Willing To Sell BLACKBERRY Q10 by leksy07(m): 11:20am On Feb 19, 2016 |
smartigo: 20k, depending how clean the fone |
Romance / Re: Students Romancing Publicly On Lekki Highway (Photo) by leksy07(m): 5:46pm On Feb 18, 2016 |
i see nollywood reversal |
Jokes Etc / Re: Some Funny Nigeria Political Jokes by leksy07(m): 4:24pm On Feb 18, 2016 |
LOL 1 Like |
Phones / Any One Willing To Sell BLACKBERRY Q10 by leksy07(m): 4:03pm On Feb 18, 2016 |
Hi guys, am in need of BLACKBERRY Q10 dat s in good condition ND how much will it cost (fairly used) Lagos people only ooooo |
Phones / Does Any Has Q10 For Sale?? by leksy07(m): 3:20pm On Feb 18, 2016 |
am in need of blackberry Q10,, any1 around ikeja, isolo or okota( all in lagos) should hala me veri neat and faultless one |
Business / Re: Quick Facts About Devaluation by leksy07(m): 4:13pm On Feb 17, 2016 |
Business / Quick Facts About Devaluation by leksy07(m): 4:00pm On Feb 17, 2016 |
Q. What is Currency Devaluation? A. Devaluation is a deliberate downward adjustment to the value of a country’s currency, relative to another currency, group of currencies or standard. It is a monetary policy tool of countries that have a fixed exchange rate or semi-fixed exchange rate. It is neither depreciation nor revaluation. A rise fall in the value of the domestic currency in terms of other foreign currencies in the case of fixed exchange rate system is referred to as devaluation, according to the Central Bank of Nigeria. For Nigerians, it would mean the deliberate downward adjustment of the value of the naira relative to dollar. Q. How will devaluation affect export? A. Devaluation of a country’s currency will make exports more competitive. Devaluation makes export goods appear cheaper to foreigners. This automatically increases demand for exports, meaning more revenue for the owners of the devalued currency. Q. How will devaluation affect imports? A. The effect of devaluation on imports is directly opposite its effect on exports. It will make imports more expensive. This will in turn reduce demand for imports. Imports become costlier because the country’s currency is now reduced in value when compared to the exchange rate. Q. What would be the effect of devaluation on indigenous goods? A. Devaluation will, in a way, ‘force’ consumers to buy indigenous goods. This is because imported goods will become costlier when compared to indigenous products. Q. What is the difference between devaluation and depreciation? A. While devaluation is a deliberate adjustment, depreciation is a decrease in a currency’s value caused by unfavourable market conditions. Q. Does devaluation have any disadvantage? Yes, it may lead to inflation. While devaluating a currency can seem like an attractive option, it can have negative consequences, says investopedia.com. By making imports more expensive, it protects domestic industries who may then become less efficient without the pressure of competition. Higher exports relative to imports can also increase aggregate demand, which can lead to inflation. http://www.punchng.com/quick-facts-about-devaluation/ |
Romance / Re: A Guy Just Told Me " I Virtually Threw Myself At Him" ( Pictures Attached) by leksy07(m): 11:25am On Feb 17, 2016 |
Emac34:and hell far.. dats means the tfare go high b dat.. lol |
Jokes Etc / Pics Of The Day by leksy07(m): 12:07pm On Feb 16, 2016 |
Money does it all
|
Properties / Re: How Much Would It Cost Me To Complete This 3Bedroom Bungalow? by leksy07(m): 5:27pm On Feb 15, 2016 |
love this design,,, |
Romance / Re: U Hardly Find Black Pretty Girls In Nigeria Dis Days by leksy07(m): 5:10pm On Feb 12, 2016 |
Pheals: I need proof to blv dis,,, mayb an open pix of ur body will do |
Romance / Re: Memo To We Ladies by leksy07(m): 4:58pm On Feb 12, 2016 |
When i am twitter Orubebe.... y i go dey post abt my gf on line... OP abegiiiii |
Sports / Re: Diego Costa Breaks Nose In Training by leksy07(m): 3:36pm On Feb 12, 2016 |
Y he no go break nose,,, TOUT like him |
Politics / Re: Army Owes N9.4 Billion Electricty Bill - Defence Minister Speaks by leksy07(m): 12:50pm On Feb 11, 2016 |
hmmm |
Romance / Re: Ladies; Imagine This Is You (pic) by leksy07(m): 4:47pm On Feb 09, 2016 |
Na die b dis oo...... |
Family / Re: How Did You Store Your Mum's Name On Your Phone? by leksy07(m): 1:07pm On Feb 08, 2016 |
1st Love |
Sports / Re: Kanu Nwankwo Visits Kelechi Iheanacho In Manchester by leksy07(m): 11:04am On Feb 08, 2016 |
DikeOha882: Did u just say Man city is one of the biggest club in the world pls wat make dem one of the biggest club in the world if i may ask |
Celebrities / Re: Agege-Bread Model, Olajumoke Orisaguna On Thisday Style Cover by leksy07(m): 10:49am On Feb 07, 2016 |
henrydadon:oga pack well.., u beta wake up. So u stil dey blv dis lie 1 Like |
Celebrities / Re: Agege-Bread Model, Olajumoke Orisaguna On Thisday Style Cover by leksy07(m): 10:45am On Feb 07, 2016 |
i stil dont knw y dey keep kalin the girl a bread seller, she was neva a bread seler, dey jst tryin to gain attension and make the gal more popular 2 Likes |
Education / Re: Kwara State Polytechnic, Ilorin 2016/2017 Aspirants by leksy07(m): 1:56pm On Feb 03, 2016 |
K.P,,, KWARA PROBLEM |
Education / Re: DIRECT ENTRY Admissions 2016 by leksy07(m): 1:51pm On Feb 03, 2016 |
fretfingers: Disagree with this... i am an indigen of ilorin scored 220 in jamb and 83 in postume not given admsn,, but a friend of mine who scored 215 in jamb and 40 in post ume got admsn with d same course i applied for,,, did u call that MERIT BASED..... Abeg leave trash for LAWMA 1 Like |
Education / Re: DIRECT ENTRY Admissions 2016 by leksy07(m): 1:50pm On Feb 03, 2016 |
Travel / Re: Lagos-Bound Bristow Helicopter Crashes Into The Ocean by leksy07(m): 1:35pm On Feb 03, 2016 |
JISOS........ |
Crime / Re: Trailer Accident Along Ikorodu Road This Morning (Photos) by leksy07(m): 9:08am On Feb 02, 2016 |
k |
Education / Re: JAMB Extends Closing Date To Febraury 5th by leksy07(m): 5:46pm On Feb 01, 2016 |
how much is it |
Education / Re: PROVE to show that Making First class In UNI Is Harder Than Distinction In POLY by leksy07(m): 4:37pm On Feb 01, 2016 |
which kind calculation is dis 1,,,, i am veri sure u didnt pass maths in ur WAEC 6 Likes |
Education / Re: Bad Things You Did In The University by leksy07(m): 5:05pm On Jan 28, 2016 |
Kjking: for now? so funny, meaning u go stil turn bado b4 u grad |
Education / Application For Admission Into The Nigerian Defence Academy 2016 Is Out by leksy07(m): 10:44am On Jan 28, 2016 |
This is to inform the general public that online application for admission into the 68th Regular Course of the Nigerian Defence Academy (NDA), Kaduna will be available from 26 January to 15th March 2016. Admission into NDA is open to both MALE and FEMALE Nigerians. Candidates should logon to the application portal www.ndaapplications.net SOURCE.... http://nda.edu.ng/Application%20for%20admission%20into%20the%20NDA%2068%20RC%202016.pdf |
Celebrities / Re: Paul Okoye Posts On 'Stealing Of Songs' Complains . . Funny by leksy07(m): 4:51pm On Jan 25, 2016 |
K |
Celebrities / Re: Peter Okoye Looks Dapper In Corporate Outfit by leksy07(m): 1:12pm On Jan 25, 2016 |
jamesbanjo:Y showin us ur #150 singlet na |
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