₦airaland Forum

interesting

good one Mr landlord.. these days tenants can be a pain in d as... maybe they have always been dribbling the landlord when their rent is due.. hiding under the Lagos state tenant act to protect them.. I am having experience with one of my tenants now.. making Me have regrets of letting my flat to him. his rent is due since March and he comes up with a story that he invested his money in MMM thus having cash constrains I am like' Oga tenant Pls MMM crashed in December and this is March.. is he telling me that it is my rent money he went to put in MMM? he has become evasive.. mainwhile I heard he threw larvish party for his child 's dedication few weeks back. I have also seen this too in Abuja when my uncle sold his house he had tenants and am like uncle why? his response was' tenants were frustrating him not paying and even one took him to court when he tried to evict him.. so I don't pity tenants or your case.. if u no Wan wahala go and build your own house. shikena.

t

since Feb 2016... I doubt

coolestchris2:
Gani fewehinmi and wole soyinka and ibori are third class holders

even Tony elumelu graduated with a third class.. yet all those first class holders looking down at and Dino and Co. see them running around with their CVS at UBA Bank

them don begin dey nack again small small.. watchout before u say jack Robinson tiwa go don carry another Belle

blood of Olumba Olumba Olu!!!!

odiereke:
This Dino of a man is a complete Saraki stooge.

it's called loyalty if u haven't had such means u haven't really touched anybody's life positively.

fRSC impounding, Customs intends to start Impounding , Police Impounding, Lastma Impounding ...make we kuku no drive car again for the country na

fRSC impounding, Customs Impounding , Police Impounding, Lastma Impounding ...make we kuku no drive car again for the country na

further maths questions.

E sure say dis babe dey use media dey find market like dis.. otherwise why d dressing.. Na so one for bigbrother don dey buga say men with private jet don dey find her.. our African women are beginning to loose it.

these are d people giving buhari's government a bad stigma. U can imagine d policy.. I sure say police sef go dey lick mouth for corner hoping d policy should be implemented.

he was planning to comply with the Senate.. but alas!!! buhari is back! in buharis voice " since my absence I understand things were getting better? Oya Ali! inflict more hardship on the people with immediate effect!"

alabiyemmy:
The pilot couldn't see again? Must he see the "road" before he can pilot the plane again?

i tire oo them tell her say na road wey pilot dey use see ..abi she no know say plane dey fly for night ni

location Plz

600k

Caseless:
Buhari has never played politics with anything that concerns Nigeria-he's a nationalist. I think buhari's greatest problem is , he's too truthful to be president of Nigeria. You must lie to survive as a president in Nigeria.

and him calling a 60years old man a youth.. speaks enough to tell you what these old man feel about our generation.

pictures

ZarZar:
She was out with her "uncle" alright, so technically she didn't lie. Not her fault you didn't ask if it's a "blood uncle" or not Learn to speak up & ask questions next time, instead of sulking like a big baby

what is this one preaching here.. someone said she is traveling out of town only for u to see d person in a night club in d hood and u still trying to put up a defense. m if u were a lawyer you probably would be a charge and bail cause that ain't a clever excuse.

truly great men are born in March.. if u represent March click like.

kai...the guy wey go dey service this woman codedly eh.....as in no be here o

kITATITA:
This is not a good picture. The VP exudes Confidence in the picture while the former president looks forlon

spelt 'forlorn'

still available?

vehicle location pls

k

Is it registered

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

Kai.. are brains like that this still on this nairaland forum?? brilliant my brother.. I miss nairaland of the old where there are well articulated writeups and discussions. Nowadays it's topic on the color of Nkechi's pant or why Tonto dike didn't shave her armpit hair has taken the order of the day.

kul

while d Fg is seriously busy searching for oil in d northern states.. wanting to make them extra lazy

vi