Marpol's Posts
Nairaland Forum › Marpol's Profile › Marpol's Posts
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eyeview:But he is retired. |
No pictures? |
It is not possible. Fake news. |
shaiba:Milan is in Italy not London. |
HungerBAD:Very soon PDP sympathisers will accuse Buhari and APC for their failure to get an er*ction. |
Why is this thread so dry? Abi Chinos does not ship again? |
stevolinkon40:StanbicIbtc is #310 now. |
When is the next shipment please? |
ABUJA, June 15 (Reuters) – Nigeria’s central bank will open a “purely” market-driven window for interbank foreign exchange trading, shifting away from a fixed exchange rate, in an effort to increase the supply of hard currency, the governor of the bank said on Wednesday. The central bank will use the new trading scheme to inject foreign exchange liquidity, if needed, which Nigeria hopes will ease severe dollar shortages caused by a slump in oil revenue, Governor Godwin Emefiele said. It was not clear at what rate the central bank would supply dollars to the interbank market. The central bank’s official rate is 197 naira to the U.S. dollar, but the currency trades at around a 50 percent discount on the parallel market. Letting the market set the naira’s value is likely to drive down its value. That will make Nigerian products cheaper and competing imports more expensive, which should stimulate the domestic economy. “The market shall operate as a single market structure through the interbank and autonomous window. The exchange rate will be purely market-driven,” Emefiele told reporters. “To improve the dynamics of the market, we will introduce foreign exchange primary dealers who would be registered by the CBN to deal directly with the bank for large trade sizes on a two-way quote basis,” he said. Investors approved of the idea: Nigeria’s stock market gained 3 percent following the announcement. “Its a pretty important step in the right direction,” said Alan Cameron, an economist at Exotix in London. “Basically it amounts to a managed float, which is better than what most people were expecting. It’s a pleasant surprise.” Emefiele also said the central bank will open a foreign exchange futures market to ease demand on spot trading, reduce volatility and give businesses more certainty. Precise guidelines will be published later on Wednesday, he said, adding that the new window would have eight to 10 primary traders handling minimum volumes of $10 million. Africa’s biggest economy, which contracted by 0.4 percent in the first quarter, faces its worst crisis in decades after the decline in oil prices and last year’s introduction of a currency peg that prompted large-scale capital flight. “Over the long run, a weaker currency will help Nigeria’s economy by encouraging import substitution and attracting foreign investors, who have shunned the country for fear of a devaluation,” said John Ashbourne at Capital Economics. “But the move will be painful over the short term. Higher import prices will add to inflation … This will probably force the authorities to tighten monetary policy.” (Additional reporting by Alexis Akwagyiram, Chijioke Ohuocha, Sujata Rao and Camillus Eboh; Editing by Larry King) |
aleshsenior2000:Thanks. |
aleshsenior2000:Thanks. |
Please how much is Stanbic rate for today? |
The mistake most Christians make these days is that they don't read their bible. They read their Pastors! forgetting that these pastors are also human beings and also ruled by human emotions. You don't pray to your pastor you pray to God. Gone are the days when the bible was only available to a select few who read it and gave it their interpretation. I have never visited any man of God to pray down a miracle for me but I have experienced countless because I have a relationship with my God. Romans 8v 16-17 says "The Spirit Himself testifies with our spirit that we are God’s children.And if we are children, then we are heirs: heirs of God and co-heirs with Christ" If you feel there is no miracle then I feel for you, you just need to read more of your bible and develop a relationship with your father and not your father's PA which is what your pastor is. |
justwise:Your opinion! |
neocortex:Your opinion! |
Seun:What truth? You using the action of 1 conman to arrive at your conclusion? |
justwise:Don't generalise! Name them so we can shame them. I am a Christian so if I see a fake I can tell. |
At Seun you forgot to put this link https://en.wikipedia.org/wiki/Marjoe_Gortner. The guy in question is not a Christian but a conman. |
n3xt: |
Sorry bro. Register on Konga and Dealday as a merchant that way you won't loose money. You can still advertise your wares on Facebook and give them the link on Konga, Dealday or Jumia when they wish to buy. |
agentakins:Thanks bro. |
Pls whats StanbicIbtc rate for today? |
nissparts:The guy is seriously having a blast! |
n3xt:Job description includes: Pegging Digging of foundation Blinding Laying of blocks Lintel 2 coaches after lintel. Decking will be done thereafter. |
erico2k2:Sagamu |
n3xt:Thanks boss. God has already answered you nah. |
Any idea of the bricklayers fee from foundation to 2 blocks before decking? It's 8 rooms self contain. |
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