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Business / Re: How To Make Regular Income Offering HOT Digital Marketing Services On Fiverr by micholo123(m): 6:03am On May 05, 2017
how much is a level 2 uk account worth?
Business / Re: How To Make Regular Income Offering HOT Digital Marketing Services On Fiverr by micholo123(m): 7:54am On Apr 22, 2017
just had a very smooth and fast transaction with Bemagnify.
Business / Re: How To Make Regular Income Offering HOT Digital Marketing Services On Fiverr by micholo123(m): 7:34am On Mar 28, 2017
Review available from a UK level 2 account
Business / Re: EXCLUSIVE : How To Make Level 2 Seller On Fiverr In A Month As A Nigerian Seller by micholo123(m): 7:15pm On Mar 18, 2017
Had a very smooth transition with bemagnify.
Business / Re: How To Make Regular Income Offering HOT Digital Marketing Services On Fiverr by micholo123(m): 6:56am On Mar 15, 2017
Reviews available from a UK writing and email marketing account. contact on my signature.
Business / Re: Learn How To Offer Graphics Design On Fiverr - Without Being A Photoshop/ai Pro by micholo123(m): 5:11am On Mar 15, 2017
reviews available from a UK writing and email marketing account. contact on my signature.
Business / Re: EXCLUSIVE : How To Make Level 2 Seller On Fiverr In A Month As A Nigerian Seller by micholo123(m): 1:58pm On Mar 14, 2017
reviews available from a UK writting and email marketing account. contact on my signature.
Business / Re: EXCLUSIVE : How To Make Level 2 Seller On Fiverr In A Month As A Nigerian Seller by micholo123(m): 6:29pm On Mar 11, 2017
Had a smooth transaction with Eniola Amoda, He paid on time despite the fact that the PayPal where the funds was sent to got limited.
Business / Re: Naira Weakens To N458 Per Dollar At Parallel Market by micholo123(m): 4:57am On Mar 03, 2017
LordAdam16:
In recent days, I've heard lots of predictions about the USD/NGN exchange rate.

Some overzealous believers say it's going down to N200/$1. Some more conservative estimates put it at N350/$1. Others just say less than N400/$1.

The fact is that the rate will hover between N450 and N500 in the short term, pending any drastic action like what happened last week.

The CBN has made it ultimately clear that they would regularly intervene in the market to protect the Naira. Last week's reaction was one of such interventions and highly expected. The government wouldn't let the difference between the parallel and official rate to be more than N200/$1. That is a monetary disaster.

But here's the other fact. There is ABSOLUTELY NOTHING the government can do now to harmonize the exchange rates without severe rattling of the economy.

Nigeria is already selling 2.1m barrels of oil a day (almost close to 2.2m barrels high in 2013). The oil price will not cross the $50-$60 band anytime soon. It means Nigeria is making the most money it can make from our single largest foreign earner (which is why our reserves have been rising) at the moment.

The CBN has been plunging money into the market since the managed float started to the tune of several hundreds of millions of dollars weekly (last week it was over $400m, this week it's already over $100m). There is a limit to which they can go.

And that is why the 41 prohibited list still exists, and Nigerian bank cards (aside GTB and Access) cannot do USD transactions.

Last week, the CBN liberalized accessing Forex for students, travelers, and those in need of medical attention. It is a very welcome policy. These groups of FX buyers have been unfairly targeted by the CBN since Buhari stepped on the brakes. But according to even the most generous estimates, these people only account for 20% of the Forex demand. Meaning the black market still caters to a majority of the Forex demand.

Even travelers at the Airports would not get dollars, unless they apply weeks in advance via their banks. This is because no bank in this recession will open FX outlets in airports, despite the instruction from CBN to do so. The major reason is that it's a short term measure that also hurts their bottom line.

For the parallel market rate to fall permanently, the CBN has to liberalize the FX market completely. The prohibited import list has to be redacted and no one should be barred from buying dollars at the official rate (whether he/she is a student or a blogger buying web hosting on NameCheap with a Naira card).

While the naira will become more valuable at the parallel market (from 450+ to 400 or less), it will lose value at the official market (from <315 to between 350 and 400) in the medium term. But the basic idea is that the difference between the official and parallel market rates will be less than 50 naira. And probably go back to 2012 levels of less than 10 naira. Basically, the divergence will no longer be business-worthy for speculators.

Unfortunately, the FG and CBN do not want to do this currently for obvious reasons. For example, we do not even have a fiscal economic plan at the moment. Osinbajo, the minister of budget and planning, and Adeosun have been assembling it for more than 12 months now, and they're yet to unwrap it. Also, our FDI levels are not that encouraging. We are also in a biting recession and it appears the economy is finally recovering (so there's good reason to hold back). Then there's the issue of price of fuel which will inevitably rise to N200+ (no one wants the blow back this would lead to).

Speculators are business men who make their living off plummeting currencies. They are like undertakers who make their living off dead people. If no body dies, the undertaker goes out of business. If an economy strengthens and the currency follows suit, speculators move on to another currency).

Saying speculators are unpatriotic and enemies of Nigeria is VERY SILLY. If the government didn't create the environment for them to thrive, they wouldn't thrive. Leave a bread for days and fungi would grow on it. You can't say the fungi are unpatriotic. Their only patriotism is to their survival.

I expect the parallel market rate to climb albeit slowly in the coming weeks to 470. N500/$1 seems like a stretch now and I expect the CBN to make another intervention if the rate crosses that resistance point again.

Until the Naira is fully floated, the speculators are going no where and the illusion of a N400 or less exchange rate in the parallel market will remain a pipe dream.

-Lord
The truth.

1 Like

Family / Re: My Husband Not Talking To Me, Because I Gave A Man Wrong Number by micholo123(m): 8:58pm On Mar 01, 2017
blaise26abj:


Please irrespective of his reaction , don't stop telling him things. That is the best way to quickly understand your man. What he likes and doesn't like. Same goes for men. It builds trust. Someone said somethings are best left unsaid, but sorry, in marriage everything should be shared and discussed.
I totally agree with you

1 Like

Business / Re: How To Make Regular Income Offering HOT Digital Marketing Services On Fiverr by micholo123(m): 7:05am On Jan 14, 2017
atoje:
contact me for fiverr, upwork, freelance paypal withdrawal and get naira instantly.

ebay paypal cart.

as far as paypal logo is involve

contact my signature
just had a smooth transaction with atoje
Business / Re: What To Do To Make Money Online? by micholo123(m): 5:46pm On Dec 28, 2016
anuda:
Hello House,

I purchased a domain from 1&1 Domain registrar yesterday, and today they sent the mail below to me:

"You will find your invoice of
$1.17 for contract 6301XXX attached. The amount will be
deducted within the next 3 business days by means of the
payment method selected in your 1&1
Control Panel .
If you wish to check or update
your current payment method, please use the 1&1 Control
Panel. Should you need any further help, please use the 1&1
Help Center .Attached is a detailed invoice
in PDF format with a description of all charges. In order to
open the PDF file, you will need to have installed Adobe
Reader, which can be downloaded free of charge from the Adobe
website .Thank you for using
1&1.Sincerely,Sebastian Gonzalez1&1 Head of Customer
Service"

What do I do? Do I have to pay again after payment was made yesterday and transaction concluded.
you have not been debited before, that is to notify you that you will be debited in 3 days time
Business / Re: What To Do To Make Money Online? by micholo123(m): 8:17pm On Dec 27, 2016
@iykepromotions and the house how do I get to return a domain I registered in error at 1&1
Business / Re: How To Make Regular Income Offering HOT Digital Marketing Services On Fiverr by micholo123(m): 8:02am On Aug 16, 2016
Nlevel:
You have to make at least $200 to make your first transfer from your payoneer card to an exchanger.Subsequently u will b able to transfer $50 or more for exchange.

what I am trying to find out is now that I have added a payoneer card to my fiverr account will my earning go to the card automatically or I still need to withdraw manually? If its automatic how do I stop my funds from going to the payoneer account in case I want to use paypal
Business / Re: How To Make Regular Income Offering HOT Digital Marketing Services On Fiverr by micholo123(m): 5:42am On Aug 16, 2016
Nlevel:


bro! better you use an exchanger and forget about that payoneer card.I used mine last week and I regreted it.I have been using exchangers and it has been working fine but I needed an emergency cash and I decided to use d payoneer card.They just dey cut my money anyhow as if na them do d work there.I lost almost 3k at a go
. I have already attached a payoneer card to my account, what should I do now if I don't want to withdraw thru it any more?
Business / Re: How To Make Regular Income Offering HOT Digital Marketing Services On Fiverr by micholo123(m): 12:41pm On Aug 08, 2016
@ venzal and the house, i got my first order and delivered before the expiration of the delivery time(5 days) after delivery i saw ORDER DELIVERED. " THIS ORDER WILL BE MARKED AS COMPLETED IN 3 DAYS". I assumed that means it will be 3 days time after deliver before the order will be marked as completed but up till now its still displaying order will be marked as completed in 3 days and my revenue from the order is still tagged as upcoming revenues. is this normal?
Business / Re: How To Make Regular Income Offering HOT Digital Marketing Services On Fiverr by micholo123(m): 7:33pm On Jul 23, 2016
Venzal:
Yes bro.

Please everyone who's sent a PM just exercise patience, I'll send the package unfailingly by later on.
. I ve sent u pm, I need d package as well
Adverts / Re: How To Make $10+ Daily From Your Blog Or Facebook by micholo123(m): 9:48pm On Mar 28, 2016
Pls send to mickoe0102@gmail.com
Crime / Re: Mob Attacks Fraudsters In Sango, Ibadan , Destroys Their Operational Car (pic) by micholo123(m): 4:11pm On Mar 14, 2016
It is now that I know that police is our friend. grin

1 Like

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