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Romance / Re: When A Girl Keeps Changing Boyfriends Like Clothes by MathsChic(f): 12:18am On Apr 29, 2016 |
marvelck:This is one of the most insane things you'll always see Nigerian men type. Is her body some kind of product that wears out? is she a product? How come the guy who has slept around before marrying has not "depreciated" as well? We need to quit this type of thinking in order to move forward as a society. I really pity men who think like you and wish, for the love of all good things in this world, that our paths will never cross!! 15 Likes 1 Share |
Family / Re: Maid Pours Her Urine In Her Boss Juice (Video, Pic) by MathsChic(f): 6:06am On Apr 28, 2016 |
Ezedon:See the Nigerian thinking right here... Clearly, you ain't educated enough to know some people are just sociopaths who treatment can't influence. 1 Like |
Career / Re: Lecturing Job Vs MNC Job Which Do You Prefer? by MathsChic(f): 8:14am On Apr 24, 2016 |
Princeojua:are you kidding with this? This is not good. 1 Like |
Business / Re: Egyptian Devaluation Backfires -- Nigeria, Be Thankful!!! by MathsChic(f): 7:59pm On Apr 23, 2016 |
4Play: Seriously? A free-floating exchange rate in Nigeria adjusted by demand and supply when the country hardly produces anything for its own consumption? There is a reason emerging economies don't have a free-floating system. Look into that. |
Webmasters / Re: Top Ten(10) Ways To Increase Your Ctr by MathsChic(f): 6:39am On Apr 18, 2016 |
Is this a thing in Nigeria now? 1 Like |
Jobs/Vacancies / Re: Is Guinness Nigeria Plc Downsizing? by MathsChic(f): 6:37am On Apr 17, 2016 |
Every other person is... |
Business / Re: We Buy Dollar At N320, Says PZ Cussons by MathsChic(f): 10:02pm On Apr 15, 2016 |
kYjelly2:I said it's good for Nigeria since the money can do more work on the country. Of course, it certainly isn't good for for investors. |
Business / Re: We Buy Dollar At N320, Says PZ Cussons by MathsChic(f): 9:10am On Apr 15, 2016 |
On the one hand, it must be said that this 199/1usd exists only for the Nigerian government. The greater economy is gradually rebalancing itself for 300-ish/1usd, with the inevitable result of rising prices and rising cost of production. Even then, further speculation is encouraged since there are now two completely different rates accessible to certain manufacturers who could go the official channel in a bid to cut cost and then the unofficial when cashing in. On the other hand, by holding its ground the Nigerian government seems to be giving life to a resurgence in the naira value. Currency restrictions could cause manufacturers to find cheaper ways of sourcing for raw materials, some possibly local, giving the Nigerian economy necessary boost. This situation of "trapped naira" is also somewhat good for the country, but maybe not so much for desperate investors for whom Nigeria has always been a dumping ground anyways. In all however, the strength of this monetary policy will only be reinforced by complement policies in the judiciary, industries and other aspects of Nigerian life. A corrupt country will only become more corrupt in the face of Mr. Buhari's close-fisted reform. 17 Likes 1 Share |
Business / Re: What You Need To Know About The Currency Swap Agreement Between Nigeria/china by MathsChic(f): 9:44pm On Apr 14, 2016 |
sirthisthickkal:Lol. Thanks a lot. Yours is just as inspiring for me. However, I hope it isn't the case that you expect less from women |
Business / Re: What You Need To Know About The Currency Swap Agreement Between Nigeria/china by MathsChic(f): 12:01pm On Apr 14, 2016 |
ephi123:Thanks! |
Politics / Re: Senators Fear Gender Equality Bill Will Turn Women To Prostitutes & Lesbians by MathsChic(f): 10:23am On Apr 14, 2016 |
PureWays:That gender equality is still a discussion in Nigeria is overwhelming disappointing. Though it may seem unobvious, the equality of the sexes is one of the bars representative of an advanced, progressive society. 3 Likes |
Politics / Re: Senators Fear Gender Equality Bill Will Turn Women To Prostitutes & Lesbians by MathsChic(f): 9:30am On Apr 14, 2016 |
Onegai:Utterly baffling. I was expecting some male folks to support this. Just wasn't expecting this much overwhelming support. I keep wondering what in the world will make the Nigerian male turn away from these chauvinistic trappings. 2 Likes |
Politics / Re: Senators Fear Gender Equality Bill Will Turn Women To Prostitutes & Lesbians by MathsChic(f): 8:01am On Apr 14, 2016 |
Yet another evidence of primitiveness from Nigeria's supposedly esteemed senators. Just when you start to think they are liberated and educated, they turn back to their backward ways which have kept Nigeria in perpetual darkness 12 Likes 1 Share |
Politics / Re: Tribunal Update: I Won Kogi Governorship Election – Wada by MathsChic(f): 7:42am On Apr 14, 2016 |
Politics / Re: Buhari With Zhang Dejiang, China's chairman Of The Standing Committee by MathsChic(f): 7:33am On Apr 14, 2016 |
Am I the only one who thinks the whole picture looks like a painting? 4 Likes |
TV/Movies / Re: "Why Nollywood's Visual Effects,sfx And Graphics Cant Be Like That Of HOLLYWOOD" by MathsChic(f): 7:01am On Apr 14, 2016 |
The reason Nigerian directors can't spend that much is because they don't have a global audience. Piracy can't do that much damage once you are able to hit it big in box office all across the world. That'd require you shooting a good movie to start with. And being a Nigerian is not a limiter. If in doubt, ask Luc Besson. |
Business / Re: What You Need To Know About The Currency Swap Agreement Between Nigeria/china by MathsChic(f): 9:13pm On Apr 13, 2016 |
xtervaganza:lol. no probs |
Business / Re: What You Need To Know About The Currency Swap Agreement Between Nigeria/china by MathsChic(f): 8:37pm On Apr 13, 2016 |
This move by the Buhari administration is almost a strategic one. You'd recall that the Naira/USD exchange rate took a dive during those troubled periods once Nigerian importers who had made deposits with Chinese firms began to source for dollars to meet their varying commitments. That exchange rate would have seen less pressure, were they sourcing for the Yuan instead, a currency Chinese firms will accept. The trade between Nigeria and China was once recorded at over $11b dollars with, of course, the imbalance being to Nigeria's disfavour. But that's not the point; Nigeria has never really been an exporting country. Nevertheless, it's obvious there's a lot of trade going on between the two countries. Since you couldn't exchange Naira directly for Yuan, but had to first obtain the USD, the various additional costs incurred during the two-stage transaction ensured Nigerian firms spent more money doing business with Chinese firms. In addition, by not first exchanging to the USD Nigeria can start reducing its dependence on the dollar. And now, I don't have to tell you how much the greenback swings the Nigerian market. Not to get it wrong though. This will not increase the money in Nigeria's pocket, neither will it completely eliminate dependence on the dollar since some countries will not accept the Yuan while trading with Nigeria. In fact, Nigeria will have to convert a sizeable amount of its earning to the Chinese legal tender causing the country to hold less dollar. However, if a significant amount of trade is happening with China, there is no reason the Nigeria shouldn't have a Yuan trading hub. The Naira will be the latest in a string of currencies which currently trade with the Yuan. There is already direct trade with the dollar, euro, yen, pound, the Australian Aussie, the New Zealand dollar, Russia's rouble, Swiss francs, the Singaporean dollar and the Malaysian ringgit. By joining the list of these countries, Nigeria is expressing its desire to take China seriously as a global economy and directly take on the benefits that come with that. 215 Likes 16 Shares |
Business / Re: What's The Direct Immediate Effect Of The Yuan FX Deal On Importers From China. by MathsChic(f): 9:34am On Apr 13, 2016 |
malton:Correct! As soon as the USD became not "as good as gold", the US began enjoying the selfish benefits of having the dollar as the major currency for international trade. If the Chinese Yuan does become a more global currency, the countries that got on board first stand to benefit more from that. 1 Like |
Politics / Re: Death Sentence For Kidnappers In Oyo: Ajimobi Approves It by MathsChic(f): 8:55am On Apr 13, 2016 |
As bad as some freaked-out western organizations might make this sound, this is actually very good. Stable societies like the US or the UK may not need such laws, but they did need them while their democracies were in their infantile states. At this moment, Nigeria needs this law. The first rule of criminology is to ensure that the punishment for a crime effectively deters potential offenders from committing such crimes. Kidnapping has gone way too long in Nigeria and an effective deterrent is more than needed. 11 Likes |
Business / Re: What's The Direct Immediate Effect Of The Yuan FX Deal On Importers From China. by MathsChic(f): 8:36am On Apr 13, 2016 |
This move by the Buhari administration is almost a strategic one. You'd recall that the Naira/USD exchange rate took a dive during those troubled periods once Nigerian importers who had made deposits with Chinese firms began to source for dollars to meet their varying commitments. That exchange rate would have seen less pressure, were they sourcing for the Yuan instead, a currency Chinese firms will accept. The trade between Nigeria and China was once recorded at over $11b dollars with, of course, the imbalance being to Nigeria's disfavour. But that's not the point; Nigeria has never really been an exporting country. Nevertheless, it's obvious there's a lot of trade going on between the two countries. Since you couldn't exchange Naira directly for Yuan, but had to first obtain the USD, the various additional costs incurred during the two-stage transaction ensured Nigerian firms spent more money doing business with Chinese firms. In addition, by not first exchanging to the USD Nigeria can start reducing its dependence on the dollar. And now, I don't have to tell you how much the greenback swings the Nigerian market. Not to get it wrong though. This will not increase the money in Nigeria's pocket, neither will it completely eliminate dependence on the dollar since some countries will not accept the Yuan while trading with Nigeria. In fact, Nigeria will have to convert a sizeable amount of its earning to the Chinese legal tender causing the country to hold less dollar. However, if a significant amount of trade is happening with China, there is no reason the Nigeria shouldn't have a Yuan trading hub. The Naira will be the latest in a string of currencies which currently trade with the Yuan. There is already direct trade with the dollar, euro, yen, pound, the Australian Aussie, the New Zealand dollar, Russia's rouble, Swiss francs, the Singaporean dollar and the Malaysian ringgit. By joining the list of these countries, Nigeria is expressing its desire to take China seriously as a global economy and directly take on the benefits that come with that. 3 Likes |
Celebrities / Re: Ibinabo Fiberesima Grantel Bail By Court Of Appeal by MathsChic(f): 3:00am On Apr 08, 2016 |
TheTransformer:"Bail" is saying too much. In the US, she'd have more counts to answer to, including driving under influence. 2 Likes |
Celebrities / Re: Ibinabo Fiberesima Grantel Bail By Court Of Appeal by MathsChic(f): 2:58am On Apr 08, 2016 |
Lilimax:Are you right in the head at all? Those who want a dead man and his grieving family to get justice are detractors and sadists? What has the fallen standards in this hopeless country caused your reasoning? 3 Likes |
Romance / Re: Runs Babes Who Finally Married - Share Your Story by MathsChic(f): 11:05am On Apr 04, 2016 |
donestk:Finance. Maths. Same same. |
Romance / Re: Runs Babes Who Finally Married - Share Your Story by MathsChic(f): 11:05am On Apr 04, 2016 |
pennytration:Though I have nothing against living such lifestyle, I should point out Iwasn't talking about me. |
Romance / Re: Runs Babes Who Finally Married - Share Your Story by MathsChic(f): 9:20am On Apr 04, 2016 |
I can tell you for certain I know a friend who did runs quite into the extreme and who is happily married now. Before marriage, she had built a house for herself somewhere on the outskirts of Ikeja, was driving at least two choice cars and vacationed steadily outside of the country. After school she got a job at a bank where met her man. I don't know if he learnt about her past, but I don't think he cared either. She was always an independent one and had kinda carved out a comfortable living for herself. I guess the guy was attracted to her in some way. She has a kid now. 1 Like 1 Share |
Celebrities / Re: Adam Johnson And Ibinabo Fiberesima Whos Sentence Is More Harsh? by MathsChic(f): 5:15pm On Apr 03, 2016 |
samuel3818:Hello, don't you think you should engage me in a convo before sending a PM? |
Religion / Re: Tom Samson's Rolls-Royce 50th Birthday Gift (pics) by MathsChic(f): 8:04pm On Mar 28, 2016 |
Nigerian people and pastor at it again! |
Celebrities / Re: Adam Johnson And Ibinabo Fiberesima Whos Sentence Is More Harsh? by MathsChic(f): 7:03pm On Mar 24, 2016 |
Deepfreezer:They have nothing in common. The latter took a life, the other only someone else's innocence. |
Religion / Re: Man With Breasts Spotted In A Crusade.. See Shocking Photos by MathsChic(f): 3:37pm On Mar 24, 2016 |
rhoma:Do you really have your head backwards? |
Religion / Re: Man With Breasts Spotted In A Crusade.. See Shocking Photos by MathsChic(f): 3:37pm On Mar 24, 2016 |
Pidggin:This question needs to be asked a thousand times over! 1 Like |
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