₦airaland Forum

Tolexander:
Good,
bring it, we want it.

My state is now becoming an education state, a home to many learning institutions.
The heart of the Yoruba nation, which connects to more yoruba speaking part than any state in Nigeria.

I dont care if it makes sense my brother, why should Lagos the economic giant of Yorubaland lose out to Osun??

Mtchew

Lets be clear here Mr Belgore's actions are treason.

This judgement if enforced will bring hardship to millions of innocent Nigerians.

In any other country, this man would face charges, be crippled financially or simply executed.

If true this man should be held accountable for his actions..

A true Nigerian ladies and gents.. Nothing more to add

If they stop foreigners stealing our west african fish with illegal trawling then I will commend them.

Otherwise I dont care..

Kokaine:
Anybody you ask will tell you those Russian girls are far finer.

Sorry my brother, they can keep their flat nyash and small chest.

I like the African female figure more...

But if you like a woman with the body of a skeleton I wont judge

FuckThaMod:
Nigerian girls be looking like what i don't know.. See how sexy and fine Russian girls are.
I weak for this country in all ramifications

Slave mentality is strong in this one

emmabest2000:
Two words

Do you even know the meaning of the N word?

Mumu, the n word is of white origin to describe us as being like Animals..

Dont use it you clown..

Congratulations, but isnt it a shame she isnt confident enough to give birth in Nigeria...

Trying to shore up a weak currency by constantly buying up Naira.

Wouldn't it make more sense to strengthen the Nigerian economy so that the currency would strengthen on its own??

Useless people.... Its like constantly fixing holes in a leaking ship, instead of renovating the whole ship so you don't have leaks anymore..

mrvitalis:
Any igbo still investing in the north has themselves to blame for what ever would happen to them

My brother my people won't learn, is money worth more than your life or dignity...

When they come for you with cutlass, I will shed no tears..

As a man who is half Yoruba and Igbo, I curse the Yoruba side of my family. Igbos wanted nothing to do with Buhari, but you fools including my lagosian Yoruba family voted Buhari back in. Mtchewww...

See your life, rice something our ancestors could produce without problem is now a struggle...

Better yet release Southern Nigeria from Nigeria so we can live in peace....

haryomikun:
I've also been thinking about benefitting from the spread ever since i learned about the differences in the exchange rates. I think you made a mistake BTW. Traders are supposed to buy dollars at a lower ask from the CBN and sell to higher bids at the black market.

Do you have any idea how i can buy and sell to benefit from the current spread? I think it's about a 30 naira spread between the CBN rates and the black market rates

By the way, floating exchange rates would fuc.k us up. Nigerians have no way to hedge the value of their money. Floating exchange rates would sink purchasing power

No I haven't made a mistake as the arbitrage trade is on the naira not on the dollar.

I dont have any contacts for performing this trade as the Naira is highly illiquid. Very few places beyond large institutions allow you to exchange Naira.

Having a weaker Naira wouldn't necessarily mess us up. One for exporters a weaker Naira would be good thing as it would make their products cheaper on international markets so they could sell more..

The stronger Naira largely only helps importers and this is part of the problem were it not for oil, Nigeria's trade balance would be even worse.

Also maintaining this high exchange is costly, with the CBN constantly having to buy up Naira to maintain the exchange. That money could be used elsewhere more productively.

If you want to see the issues around maintaining an artificial exchange read about Britain's exit from the ERM.. Or read about why currency pegs often fail..

Davash222:
Let's be frank to ourselves, Lagos is truly over rated!!! If Ikeja could be this dirty, imagine how places like Ajegunle, Ikotun, Iba would look like.

It wasnt always, Ambo really messed up refuse collection

I am glad he's gone

Generalyemi:
please what is d natural remedy for diabetes,,

Stop eating sugary foods.. If you want to reverse type 2 diabetes..

Normal diabetes cannot be reversed without medicine to my knowledge..

mach7:
I think your opinion is relative and subjective to what you define as clean air. Epe is surrounded by the Lagoon and has a lot of virgin forests surrounding it. What do automobiles produce? What do the plants use for photosynthesis and emit in return? Do you understand the meaning of ocean breeze? I think you equally need to do your research or best visit there and experience the environment.

Sorry but I am with Kanu on this one. If there were proper checks on vehicles to maintain standards and safety, a good proportion of Lagosian Vehicles would immediately be taken off the road.

Cars produce more than just CO2. They produce particulates, carbon monoxide, nitrogen oxide and toxic hydrocarbons..

All of the above damage lungs and are particularly bad for young children as they develop..

MobilityExpress:
He killed it big time. They can never forget Ambode in Epe. So much maybe if he one day decides to becomes King, they will crown him . He gave them lasting legacies like solid infrastructure, not stomach infrastructure. If every Nigerian leader did such to their home towns since independence maybe Nigeria would have been on par with SA cities like Durban, Cape Town and Joburg. But alas, Nigeria is cursed with terrible leaders. From Orugbo to Agbowa to Imota, Ambode was heaven sent to these places. Epe never had it so good till Ambode came. He came, he saw, he transformed. God bless Governor Akinwunmi Ambode.

He was good at roads and bus stations but little else...

Power didnt change much

Water no change at all

Refuse Collection disaster under visionscape

Zoning No change, people can still do what they like.. Build a skyscraper in a residental street or turn their house into a shop..

Adam09:
I agree with your analysis, it is not sustainable in the long run, but its a palliative aimed to ameliorate the suffering of the poor. If the market were to be deregulated, Bubu no for win him 2nd term.

Sadly true, as with fuel subsidies and artificially low power prices. We need a true leader who would take on these real challenges head on..

FX Traders in the UK were laughing about how much money they were making at Naija's expense. I wont lie it was there I first became aware of the issue and it pained me..

For Nigerians who want this explained in laymans terms.

Buhari and the Nigerian government insist on maintaining a stronger Naira than the market actually thinks there should be.

The result is that Nigeria has two foreign exchange rates a black market unofficial exchange rate which has a much lower Naira value. Then there is a Second official exchange rate propped up by the CBN.

The latter requires constant injections to maintain this artifically high Naira value.

This scenario is unsustainable as the Naira should be weaker in truth. The government doesnt want this as it would mean imported goods would become way more expensive. From rice for the poor man to luxury goods for the political elites.

The exchange rate gap between the official naira and black market naira value is being exploited by traders both here in Nigeria and abroad who buy Naira at the low black market rate and sell it back at the higher official rate
A number of banks in London were engaged in this activity and make millions a year from this trade.

A currency is strong if the underlying economy is strong.

THE NAIRA SHOULD BE ALLOWED TO FLOAT(FALL IN VALUE IF NEED BE) AND NIGERIA MUST FACE IT'S DEMONS (THE NEED FOR REAL ECONOMIC REFORM AND DEVELOPMENT)

Send this message to your fellow Nigerians..

Finally some concrete steps being taken to fix the mess that is Apapa..

Such a shame, back in the day Apapa used to rival Ikoyi as a place to live. Fine Merchant houses and greenery...

Chai Nigeria, please change for the better..

Racoon:
The fella above you will always disagree.

I know, he doesn’t realise change comes from the top down never the other way round..

When you stop forcing vehicles to undergo legally required regular checkups this is what happens.. Chai Nigeria

HospitalityDiva:
This is the reason why the black race will continue to be underdeveloped. Not because of our looting leaders, but because of the hopeless followers that defend their looting activities.

Just imagine what some commenters above me are saying to defend the looting.

My brother I dey tire..

Bizibi:
apartment buildings? Well,I pray it goes successful.....

Sure, Azure Towers are going up along the Marina area.

Eko Pearls are going up, 2 of 5 towers are completed

A and A Towers 19 floors undergoing soil testing will go up along the waterfront.

Eko Village 4 to 6 towers also going up near the waterfront.

Aphren Tower is complete and the Eko Energy estate is under construction as well..

Dont worry Eko Atlantic is a long term project. But it will be good for Lagos and Nigeria..

In truth I wish the Lagos State Gov would develop Marina as well, with a few new skyscrapers and refurbish some of the empty ones..

Bizibi:
When I heard eko Atlantic is a failed project I was weak to my marrow.it seems nothing works in Nigeria, what we see in the internet is different from reality.

Who told you Eko Atlantic is a failed project. Land Reclaimation is ongoing and apartment buildings are going up as we speak..

I swear some Nigerians just love to lament....

sassysure:
I deleted my post when I looked deeper and saw concrete.
Thanks.
Was initially fuming.

It’s ok, Dangotte made the right call on this one.

Tarmac is smoother and vehicles make less noise travelling across it. But the problem is that it requires way more maintenance.

We both know Nigeria, Lagos state gov won’t maintain that road properly. So more durable Concrete was the only option..

sassysure:
.

Its actually a concrete road, more durable than tarmac (also requires less maintenance). The United States uses it for its freeways, whereas Tarmac is more frequently used in Europe..

The real hidden heroes of Nigeria.

The men and women behind these start ups are people we should admire..

Not thieves like ex generals and looting politicians...

Oil prices have risen since Trump has started threatening Iran.

So what is thr excuse now.. The truth is Buhari is useless, yet fools voted him in again....

When the next election comes vote for real change, not the old brigade...