₦airaland Forum

chieyine:
@Naija Politico

A massive hike of 240 per cent in the prices of petrol and diesel goes into effect today in Zimbabwe.

Petrol was selling for 1.32 dollars (N481) per litre before Sunday’s hike. Now, it will be sold at $3.31 per litre.

President Emmerson Mnangagwa announced the increases Saturday night.

He said the prices were predicated on the prevailing rate of 1:1 between the U.S. dollar and the surrogate bond note.

Mnangagwa revealed the increases to journalists at the State House ahead of his tour of Eastern Europe and Switzerland.

He said: “The government has today decided on the following corrective measures, with effect from midnight tonight, fuel pump price of $3.11 per litre for diesel and $3.31 for petrol will come into effect.” (In naira terms petrol is N1204 per litre and diesel N1135).

“Guests of government by way of foreign missions, other registered foreign bodies and tourists will fuel and refuel at designated points at the price of 1.24 U.S. dollars per litre for diesel and 1.32 U.S. dollars per litre for petrol upon production of proper identification documents,” Mnangagwa said.

The fuel price increases coincided with government’s decision that the country will have its own currency within 12 months, thus jettisoning the US dollar.

Zimbabwean Finance and Economic Development Minister Mthuli Ncube said adopting the U.S. dollar or the South African rand would not solve the country’s macro-economic problems.

Asked to give a timeline on when local currency would be reintroduced, Ncube said it would be done “in less than 12 months.”

He said separating the parity between Real Time Gross Settlement accounts (RTGS) and foreign currency accounts (FCA) was the beginning of currency reforms which are necessary for pushing the country’s economy in the right direction.

“Our job is to introduce a currency that will be stable and less volatile. Dealing with the fiscal side is the first order to move towards a stable currency,” Ncube said.

Zimbabwe adopted the use of multi-currencies in 2009 after its local currency had been rendered worthless by hyperinflation.

To relieve cash shortages, the Reserve Bank of Zimbabwe introduced the bond note in late 2016.

Initially pegged at 1:1 against the U.S. dollar when it was introduced, the bond note, however, has gradually lost value against the real currency and is now trading at about one-third the value of the U.S. dollar.

Source: https://naijapolitico.com.ng/petrol-now-n1204-per-litre-in-zimbabwe/

chieyine:
@Naija Politico

A massive hike of 240 per cent in the prices of petrol and diesel goes into effect today in Zimbabwe.

Petrol was selling for 1.32 dollars (N481) per litre before Sunday’s hike. Now, it will be sold at $3.31 per litre.

President Emmerson Mnangagwa announced the increases Saturday night.

He said the prices were predicated on the prevailing rate of 1:1 between the U.S. dollar and the surrogate bond note.

Mnangagwa revealed the increases to journalists at the State House ahead of his tour of Eastern Europe and Switzerland.

He said: “The government has today decided on the following corrective measures, with effect from midnight tonight, fuel pump price of $3.11 per litre for diesel and $3.31 for petrol will come into effect.” (In naira terms petrol is N1204 per litre and diesel N1135).

“Guests of government by way of foreign missions, other registered foreign bodies and tourists will fuel and refuel at designated points at the price of 1.24 U.S. dollars per litre for diesel and 1.32 U.S. dollars per litre for petrol upon production of proper identification documents,” Mnangagwa said.

The fuel price increases coincided with government’s decision that the country will have its own currency within 12 months, thus jettisoning the US dollar.

Zimbabwean Finance and Economic Development Minister Mthuli Ncube said adopting the U.S. dollar or the South African rand would not solve the country’s macro-economic problems.

Asked to give a timeline on when local currency would be reintroduced, Ncube said it would be done “in less than 12 months.”

He said separating the parity between Real Time Gross Settlement accounts (RTGS) and foreign currency accounts (FCA) was the beginning of currency reforms which are necessary for pushing the country’s economy in the right direction.

“Our job is to introduce a currency that will be stable and less volatile. Dealing with the fiscal side is the first order to move towards a stable currency,” Ncube said.

Zimbabwe adopted the use of multi-currencies in 2009 after its local currency had been rendered worthless by hyperinflation.

To relieve cash shortages, the Reserve Bank of Zimbabwe introduced the bond note in late 2016.

Initially pegged at 1:1 against the U.S. dollar when it was introduced, the bond note, however, has gradually lost value against the real currency and is now trading at about one-third the value of the U.S. dollar.

Source: https://naijapolitico.com.ng/petrol-now-n1204-per-litre-in-zimbabwe/

SuperS1Panther:
CJN forgot to declare $700,000 and some funny people are still justifying it.

We should be ashamed of ourselves for losing complete sense of what is just and right.

No wonder Yahoo Boiz and Kidnappers and Exam Cheaters have taken over our nation.

Speedyconnect15:
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chrisluci:
Sometimes, I still wonder why any southerner still support Buhari.

brexit:
THIS IS ONE OF THE SOCIAL MEDIA MAD MEN IN THE CLASS OF FFK AND RENO,THESE ONES HAVE OUTLIVED THEIR USEFULNESS

GOFRONT:
Chaaaiiiii.....So they feed bottled groundnut to our Senator of the federal republic of Nigeria??

We will not take this.....YAYA BELLO WHY??

sisisioge:
Assually, this is becoming really funny! They should sentence him to prison once and for all let us hear words

Mopolchi:
Na waa. Make dem no go kill this good senator.

mistyMen:
Fayemi wants to chop alone,

zoba88:
more

LawrenceHUB:
I still wonder why this case is been dragged.

PenlsCaP:
Yoruba man I bet my ass

Mrop:
See more Sexy Photos of Bambam here >>> SEE PHOTOS HERE

Uploadme:
Just go and tell the priest or god of man of the sins you have committed

Uploadme:
Just go and tell the priest or god of man of the sins you have committed

orion7:
the nigerian police is the worst police force I the world.






argue with your fone.

NaijaRoyalty:
A former General Evangelist of the Christ Apostolic Church, Prophet Samuel Abiara, has asked the Federal Government to accede to the N30,000 minimum wage demand of the Nigeria Labour Congress.

The cleric urged the government to prevent any strike action that could damage the economy.

Abiara, who spoke in his New Year message, said the government should give priority to the masses in 2019.

He said, “I advise the Federal Government to pay the minimum wage the Nigeria Labor Congress demanded. The government must do something reasonable about workers’ salaries. They should not allow them to go on strike because it will cripple the economy.

“Nigerian workers are demanding $87, which is N30,000 only. What they are asking for is not too much because the prices of things have gone up, especially food items. The wealthy and the poor buy things from the same markets.”

On the 2019 elections, he warned political leaders against hate speech, saying it could destabilise the country.

He appealed to Nigerians to vote for candidates of their choice without fear, saying nobody should sell his vote“Do not listen to prophecies of doom. The future of Nigeria is bright and good and you will live to witness it. This year, don’t spend your money alone; share your food and other resources with the less privileged. Don’t be lazy; work hard to achieve your dreams,” he added.



Source
https://punchng.com/pay-workers-n30000-minimum-wage-abiara/

FuukaFuuka:

ogtavia:
So the ex drugged her to his house??

semyman:
Ayekooto Akindele wrote…

～ If those who removed Buhari from power in 1985 knew he would ever come back, they would have killed him like Balewa, Ironsi or Murtala. They never imagined there would ever be a Buhari Presidency... they spotted a likely emergence of Idiagbon, they poisoned him immediately... lol. Not funny actually.

They thought Buhari Ambition would be a lifetime joke but when they saw the reality in 2014, they organized assassins to kill him in Kaduna his beloved city, he is from Katsina but based in Kaduna. Just like they killed Bola Ige in Ibadan his beloved city, he was from Esa Oke but based in Ibadan. However, Buhari escaped but his car was shot many times and convoy bombed!!!

Buhari defeated the combination of his destiny truncators. Just like MOSES too, if the Egyptians knew he would free their slaves, they would have killed him inside the palace when he was a baby.

Even as the President, Buhari was poisoned, those who poisoned him knew he couldn't have survived because others like Abiola, Abacha, Idiagbon didn't survive. The mystery of his survival has turned the reasoning of his assailants upside down. The Buhari they know is dead. Just like MOSES was different when he reappeared to the Egyptians. He wasn't running away again, he called Pharaoh by name, he messed up all the Dubai Magicians of Egypt...Moses was the First Jubrin from Sudan!!!

2019 is sealed because the Egyptians must contest with Moses, Moses did not die and Moses has taken up the challenge to ensure that the oppressed people of God remain free!!!

4601CE:
Which useless innoson?
Innoson kor . Innodaughter ni . Mtchwww

4601CE:
Which useless innoson?
Innoson kor . Innodaughter ni . Mtchwww

DONADAMS:
that one no concern me..give me a Benz any day anytime...I don't understand my obsession with Benz...I love every single one I see, be it a 1999 model I don't care... the thing just taya me

Born2Breed:
A buharist is a person with Automated Praising Configuration (APC). The APC comes with 4 additional coded programmes:

1. Every failure of Buhari is caused by 16 years of PDP.

2. Every criticism of Buhari is corruption fighting back.

3. Everybody in the world is a looter except Buhari and those like Babachir and Akpabio who have pledged loyalty to Buhari.

4. Every economic hardship, prevailing national poverty and unemployment is because Buhari has blocked people from stealing.

When you meet a person with this automated "reasoning" pattern, don't waste your time arguing. Always remember that nothing makes sense to a robot except pre-installed programmes.

OmoManU:
Awon Omo ole, daughters of Lucifer, Na where e cool well well dem dey always find like frogs

OmoManU:
Awon Omo ole, daughters of Lucifer, Na where e cool well well dem dey always find like frogs