 Business › Re: Ifeanyi Ubah: 'I Can Bring The US-Dollar To N200 In One Month' by macho44(m): 2:24pm On Feb 22, 2016 |
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. If Only everyone makes reasonable comments like you.May God bless u abundantly. |
| Romance › Re: Val's Dinner: Rate My Fiancee And I. :D by macho44(m): 12:09am On Feb 15, 2016 |
Iroh88:
Just for fun. Abeg make una take am easy on us. Took some persuasion for her to accept me uploading this knowing what an abrasive tongue people around here have. 
Network screwing up.
Too bad.  Una don finish d food first b4 u decide to snap pic abi! How do we sure say na una chop d food sef? most likely na puff-puff n baby oku una order come use anoda Pple plate take dey pose. Lol breathe easy bro, U guys rock. www.adielem.com |
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| Romance › Re: Pic: What Your Face Says About Your Vagina by macho44(m): 10:58pm On Feb 14, 2016 |
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| Romance › Re: Pic: What Your Face Says About Your Vagina by macho44(m): 10:56pm On Feb 14, 2016 |
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| Sports › Re: Mikel Obi, Babymama & Their Twins On Valentine's Day (Photo) by macho44(m): 10:18pm On Feb 14, 2016 |
ikombe:
we washed dere black ass  Walahi Talahi |
| Sports › Re: Mikel Obi, Babymama & Their Twins On Valentine's Day (Photo) by macho44(m): 8:26pm On Feb 14, 2016 |
Houseofglam7:
Na dis match wey Liverpool play still dey sweet me To every "LIVERPUDLIAN" in the house, we "KELT" dem villains today, Even #Kolo You're scored, that shows u we took em 2 d cleaners today. www.adielem.com |
| Christianity Etc › Re: Pastor Curses Anybody Who Has Sex On Valentine's Day by macho44(m): 6:54pm On Feb 14, 2016 |
Iamsynord:
(Unbelievable) See What The Pastor Did Because Of Valentine
.Really pissed off right now. At today's service, the Pastor placed a curse on anyone who had any sexual activity with any one during this year valentine.He even went as far as saying none of the church members should celebrate val this year and if they do,they will face Gods wrath as that was the so called instruction given to him, People is this not totally wrong and condemable. ? Why should people be caged from showing love when God himself is love ? From a female friend Your Pastor have mad oooo www.adielem.com |
| Celebrities › Re: Iyabo Ojo’s PA Gets Toyota Corolla From The Actress, Collapses by macho44(m): 4:34pm On Feb 14, 2016 |
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| Celebrities › Re: Chrystabel Goddy Bits Princess Chineke On Her Thighs (Graphic Pics) by macho44(m): 4:27pm On Feb 14, 2016 |
sugarbelly4:
This apparently happened on Friday night, on set of a movie. Princess Chineke claims another actress on set bit her and removed the skin on her thighs during an argument. Her story below...
Princess' story. [b]I came in late to camp, the hotel rooms were full so I was asked to share room with her. Few nights she stayed in,she was always making mid night calls.So I asked her to go out of the room or make the calls in the toilet with the doors locked.The other night she made calls at 1am putting the caller on speaker.
Hearing a male voice from sleep I woke up thinking a guy was in the room only to discover it was was her putting her caller on speaker.I complained to the management they said they will get another room for me but there was no room after yesterdays shoot. Told her she is disturbing . she insulted me so we exchanged words I ended up sleeping on set the next day. When I got back to the hotel I had my bathe laid down on the bed she said she wanted my space.She called the pm(product manager) saying they should throw me out.I'm not supposed to be in the project and the hotel. I said the way she was brought in , I came in as well. She insulted my family ,I told her she has no right to decide who is in a job or not its not her fathers job!She bounced on my lap with her teeth.She hit me in their front b4 I could hit back the men cane in separated us.She said check your leg see what I did to you?I didn't feel the pain untill I went to pee I saw she ripped my washed pants in the bathroom.I pulled the pyjamas and saw a chunk of my flesh out.Showed it to every one who ran to the room.The management took me to another hotel ,then hospital to make sure I was properly treated. Presently shooting in iyana paja. Name of program :Behind the smile. Happened 11:30pm yesterday. That's Friday. Her name is Chrystabel goddy. Still in the hospital with stitches and my wound still bleeding. [/b]
Source: http://www.lindaikejisblog.com/2016/02/actress-princess-chineke-claims-another.html?m=1 Female Version of "CLIFFORD ORJI" www.adielem.com |
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| Romance › Re: OPEN LETTER To All Members Of "NSMA" 9ja Single Men Association. by macho44(op): 10:49am On Feb 13, 2016 |
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| Romance › OPEN LETTER To All Members Of "NSMA" 9ja Single Men Association. by macho44(op): 11:09pm On Feb 12, 2016 |
On Behalf of The National Publicity Secretary of the above mentioned association and with the constitutional powers vested upon thy humble self as the "PRO" of the said association, I have been mandated to publish this publication to all esteemed members of the association, please read very carefully and apply wisdom, Thou shall not allow the daughters of "EVE" deceive thee with fake promises of "Undiluted Affection". Dear Esteemed, Nigerian Single Men, you have been single since time immemorial and suddenly out of the blues, 2 days to Valentine's day, you "FALL" in love. Be wise brothers! for the devil is only trying to mess around with your BANK ACCOUNT. Signed by. Your Esteemed Comrade. www.adielem.com |
| Celebrities › Re: Dede-One-Day Lying In State In His Mansion In Imo Ahead Of Burial Tomorrow -pics by macho44(m): 9:43pm On Feb 12, 2016 |
Clinton594:
And he did not take his mansion with him...
Big lesson to everyone, everything you own today can never follow you when you're going.
Therefore make sure you share with the needy when there's still time The Kingdom of "HEAVEN" is not far from u bros, I wish u "HEAVEN" at last! Say a resounding AMEN to this prayer. www.adielem.com |
| Christianity Etc › Re: This Lady Claims She Is Going To Hell Fire And So Proud Of It ( Photos ) by macho44(m): 3:23pm On Feb 12, 2016 |
ceejay4real:
Can I be ur friend pls? U ar so sooooo beautiful! Kindly ping me on WhatsApp ; 08035449602. Thanks in advance!
CJ U dey play love on NL? Mister Man receive "SENSE" and make urself useful to your village people! www.adielem.com |
| Christianity Etc › Re: This Lady Claims She Is Going To Hell Fire And So Proud Of It ( Photos ) by macho44(m): 3:21pm On Feb 12, 2016 |
Ramon92:
.. Cos she knows that hell is a figment of man's imagination, meant as a mind control tool to control the weak and gullible...
#ImAlsoProudImGoingToHell Bon Voyage, Monsieur Diablo! www.adielem.com |
| Celebrities › Re: Regina Askia’s Daughter, Stephanie, Smoking Cigar, Shows Off Sexy Bikini Body by macho44(m): 3:13pm On Feb 12, 2016 |
cruzita:
see why it is good to grow up in naija where we have culture.a woman can't smoke in naija anyhow .But see how a lady is smoking as if her surname is BENSON What if u were born n raised there! u sef go folo smoke na! www.adielem.com |
| Romance › Re: *must Read*list Of Guys That Would Impregnate Ladies On Valentine's Day by macho44(op): 11:43pm On Feb 10, 2016 |
myfantasies:
Op my name dey dere but no bf
How i won take get the belle now
Or e dey possible to give myself belle? Don't worry I dey hold "SPECIAL" Valentine's service for such cases as yours, The theme of the programme na "OPERATION LOVE SHARING" make sure say u no miss out ooooo, I go share so much love out on that day. www.adielem.com |
| Celebrities › Re: Meet Tofunmi Exito, Olamide's Bodyguard by macho44(m): 11:00pm On Feb 10, 2016 |
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| Celebrities › Re: Meet Tofunmi Exito, Olamide's Bodyguard by macho44(m): 10:59pm On Feb 10, 2016 |
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| Romance › Re: *must Read*list Of Guys That Would Impregnate Ladies On Valentine's Day by macho44(op): 9:20pm On Feb 10, 2016 |
Durentt:
I smell tribalism here well it is okay.
OP Abeg add lavedurent to dah list bcuz durent is gonna impregnate Laveda and Laveda is gonna be impregnated by durent!! Yaaaa no worry bro, supplementary list is on its way, I go do d needful with immediate Alacrity. www.adielem.com |
| Romance › Re: *must Read*list Of Guys That Would Impregnate Ladies On Valentine's Day by macho44(op): 8:06pm On Feb 10, 2016 |
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| Romance › Re: *must Read*list Of Guys That Would Impregnate Ladies On Valentine's Day by macho44(op): 7:45pm On Feb 10, 2016 |
naughtynaughty:
lol, smh yah high. Ur own plans? I go share "LOVE" in enormous quantities to the "LOVELESS" peeps on that day. Ya know sharing is caring n caring is sharing. www.adielem.com |
| Romance › Re: *must Read*list Of Guys That Would Impregnate Ladies On Valentine's Day by macho44(op): 7:34pm On Feb 10, 2016 |
naughtynaughty:
my dear am jxt here o, let val do nd go sef. itaya!
*whisperingTOherEARs* Ayam boo'less.
Don't tel anybody o No worry, ur "BOO" go locate u by 12am on the 15th of feb , say AMEN! www.adielem.com |
| Romance › Re: *must Read*list Of Guys That Would Impregnate Ladies On Valentine's Day by macho44(op): 7:30pm On Feb 10, 2016 |
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| Fashion › Re: How I Easily Got Pink Lips (photos) by macho44(m): 6:53pm On Feb 10, 2016 |
ageraGT:
Ever wondered why girls never look at you seductively, and slowly lick their lips yearning to kiss u? well i know why! It’s because your lips are thick, hardened, black, parched, and scary!! yes I said it...pink lips is a very attractive facial feature most guys take for granted, even if u look like a malnourished African Ostrich your pink lips is gonna get you laid, ask wizkid and co. why they spend thousands of naira just to tattoo their lips to look pink. If u were unfortunate enough to be born without natural pink lips well good news to you my black thick lipped brother getting pink lips is not so hard it just takes determination, patience and you letting go of some habits. let me share with you my personal secret for my lips.
1. Avoid sunlight
Dudes, Chronic sun exposure can also cause slight darkening of the lips, so u gotta avoid those uv rays man.
2. Quit smoking
This one is lips 101 and pretty basic (if u think i have to explain further why u shouldn’t smoke then you are a retarded bovine creature)
3.Exfoliate your lips
This is where u actually have to do some work. Exfoliation means removal of dead skin on the surface of your lips. Personally, i do this by mixing honey with lime and applying it on my lips with a soft brush, you use the soft brush to slightly brush the top layer of the skin, do this every morning for 20- 30 minutes.
4. lick your lips
Yeah, when you see that pretty girl coming lick your lips while using your teeth to slightly scrape the surface to avoid excess disgusting mouth juice smothering over the lips, this will make your lips look brighter and pinker for few secs before harmattan returns your lips to its default settings.
So, this is what i Ageragt do to get dem pink lips... here are some of my photos (trip at your own risk i have a girlfriend) Bros Ehn! U don dey watch too much "Kiss-Kiss" movies! I bet u must have a huge collection of Phillipines telenovelas at home. www.adielem.com |
| Fashion › Re: How I Easily Got Pink Lips (photos) by macho44(m): 6:48pm On Feb 10, 2016 |
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| Celebrities › Re: Beverly Osu Celebrates Ash Wednesday (photo) by macho44(m): 6:39pm On Feb 10, 2016 |
papawemba:
Seun please call your moderators to order. the kind of junks they dump on fp is most embarrassing. if you need to increase their salary... please do. And if you need to fire erring ones... with all pleasure do, heaven will not fall. Bros! May ur days be long in the land of the Living!, say "AMEN". www.adielem.com |
| Romance › Re: *must Read*list Of Guys That Would Impregnate Ladies On Valentine's Day by macho44(op): 6:29pm On Feb 10, 2016 |
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| Romance › Re: *must Read*list Of Guys That Would Impregnate Ladies On Valentine's Day by macho44(op): 6:26pm On Feb 10, 2016 |
obiorathesubtle:
please.. Is there a particular reason why only Igbo n English names are on the list?? Haba! Nwanne it's just for the fun of it, I wasn't lashing out at a particular tribe. www.adielem.com |
| Romance › *must Read*list Of Guys That Would Impregnate Ladies On Valentine's Day by macho44(op): 4:51pm On Feb 10, 2016 |
Source: www.adielem.com Finally, it is out. The Names of guys who will Impregnate a Girl on 14th February 2016: Please, read carefully to see if your name made the list. ✅✅✅✅✅✅✅ Kingsley Frank Solomon Joseph Henry George Nnamdi Chiemerie Elvis Eric Echezona Ebuka Emeka Favour Stanley Chukwuka Philip Kenneth Okechukwu Chukwuemeka Alexander Chukwunonso Ekene Somto Michael Frederick Daniel Stephen Chukwudi Valentine Chukwuebuka Chidozie Chidi Evidence Paul Odenigbo John Augustine Ikechukwu Gabriel Obinna Eberechi Kelechi Christian Martins Kelvin Okechukwu shagari abdul yusuf olamide muyiwa samuel peter ifesinachi abdulrazizi Ibrahim steven ayakor ✅✅✅✅✅✅✅ Names Of Girls That Will Get Pregnant on 14th February 2016. Ego. Amaka Sandra mimi deborah vera farida amina janet olivia ChikaAmanda Mary Christabel Angela Favour Miracle Somtochukwu Evelyn Christine Ezinne Ogoo Rose Chiamaka Ijeoma Ogochukwu Chinemelum Ifeoma Cynthia Franca Ifunanya Sophia Chinenye Loveth Adanma Cynthia Uche Adaugo Ogechi Juliet Ifeoma Gift Ozioma Oluebube Mercy Augustina Akuabata Obiageri Comfort Chioma Chidimma Joy Frances Felicia Chinwe Ihuoma Ginika Chinyere Shantel Amarachi Don't say I didn't warn U!!! If your name is on this list, better avoid rough play on 14th February. Do not say I did not warn you ooo If your names dont appear on either of the two list, fear not!, for the supplementary list would soon be released. Source: www.adielem.com |
| Crime › Re: Yewande Fatoki The Husband Killer (her Pictures At The Scene Of Crime). by macho44(m): 2:51pm On Feb 10, 2016 |
toluk:
The police took Yewande to the scene of crime for further investigation yesterday, looking at her from a close range will tell you that there is nothing like shoulder dislocation or injury on her body. Her reaction was based on the fact that lowo had a child out of wedlock and she stabbed him in sleep. Yewande fatoki as always been a violent wife,never respected in-laws. Now the lady in question is using her possition as a staff of at the department of public prosecution at ministry of justice to mess up the murder case. God will save us away from violent partners. RIP still Uncle Lowo Oyediran Ajanaku.
Source: http://thenewsnigeria.com.ng/2016/02/inside-story-how-yewande-ibadan-lawyer-killed-her-husband/ With Women Like this , who needs a "WIFE" anyway! www.adielem.com |
kaiiiiiiiiii