₦airaland Forum

OP thank you for this information

Ooh its time?

burkingx:

and u think that's funny? Am I found myself in thesame country as you and your kind.. I bet gay guyz will make heaven before your knd because they dont hate you but you hate them. Richard Quest was mentioned and all you guyz could say about him is "he is gay"?

This site does not have a means of seaching for business name

Bad people waisting someones transport since 1900

Lunagirl:
True.

To all the men out there struggling to create an identity, know that we, the women in your life appreciate you.

We see you, we know the pressure on you. Most importantly, we have your back all the way.

Especially to my father, brothers and my future husband, I see you and I will be true all the way there.

#hustlersmindset

Wao you sound like u really do understand, thank you.
Ladies like you are few out there, future husband will be lucky to have you

wristbangle:
Yes in naira but will they pay those foreigners in naira when contracts on power, roads and other infrastructures are awarded to them?

My point is all expenses for the power, road and other infrastructures are planned for in their naira equivalent of what ever foreign currency it actually is

wristbangle:
Am telling you. Why not reduce the rate to 10 percent since the parallel market is catching up already with bank selling price. Even the article said BDC are willing to buy @ N370 from speculators which is N5 below the approved N375 selling price @ banks.

Another thing that drew my attention on the article is BDC are willing to buy but don't want to sell in order not to incur further loss. The question is where do they get the liquid to purchase these dollars except if they are into big business sha probably through commodity trading.

To be honest, if these dollars used in defending naira are used for infrastructural development such as power, road, housing and water projects, the country will attain it's projection in a short run but with this current CBN intervention, it's going to take a very long time as development will be slowed down.

I dont agree with you make it sound like the intervention is a free donation, they get naira for every dollar put out there and this dollar was earned through oil sale, and mind you the development projects you mentioned are planned or budgeted for in naira, our national budget is in naira correct me if am wrong though

hobermener:
The smart ones will increase their stock of dollars, i repeat, the smart ones will increase their stock of dollars!!!!
Funelling millions of dollars into the forex maket on a daily basis, is a stupid short term solution to a longer term problem, which i assume is just a calculated move to score cheap political points.the price of Oil, the major foreign exchange earner is still very low, with opec struggling to stick with its production quota, any sensible human will evisage a further drop in oil prices, as the world moves to cleaner energy, and opec member nations continue to ignore the organizations agreements. Though slow, a long term policy of import substitution and agressive exportation through economic diversification would ultimately lead to a precipitous decline in the dollar price, but what do we have, a government still spending billions on oil prospecting, foreign direct investment at an all time low, and one of the worst economic contraction in recent times, yet some fools still cheer this fire brigade method of pumping dollars into the market for school fee payments and tourism, things that only end up driving exports higher, further complicating balance of payment problems.
Producers who need forex the most do not get them, these people are supposed to be top priority, expecially the agricultural sector and the mining sector, agressive importation of producer goods is the top priority of any country that seeks to curb foreign exchange problems in the long run, these producers should have government acting as payment agents(in dollars) after these purchases have been verified by the cbn, while these producers pay in naira at subsidized rates, but what do we have, a government subsidizing payments for pilgrimage and other bullshït of little to no economic significance.
Call me a pessimist, that's your opinion, buth when the inevitable consequence of this stupid move raises its ugly head, there will be no one to save the naira!!!!!

nice post.


But what do you say about this mans post



s time for CBN to converge all rates in same place an equilibrium price should determined this is because the parallel market rate of 380 is almost the rate at which bank sell PTA which 375 and the CBN should reduce the spread between interbank and selling rate by banks the present 20% is very high infact the highest in the world at best it should be 5% just imagine the CBN give them dollars at 315 and they sell at 375, now if parallel market will sell at 375 too no one will go to bank bank buy because there is limit, trail or much documentation unless the banks drop their rate too thereby competing with the BDC for customers which will lead to drop in price, during the soludo and even sanusi era spread by BDC are hardly 5% sometimes just 2%.
Those saying we should float the naira should have a rethink, most nations defend their currency, floating your currency is like opening up the borders of your country no customs, no immigration, no visa, no duty everyone and everything enters at will. Assuming Nigeria is a major multi product exporting country floating may be ok, but as it is our major export is oil which is very volatile, believe me if we float speculators will run this country down dollar will be N1000 in no time.
@$50 per barrel Nigeria earn about $110M daily let's say 40% goes to the JV that means we will be left with $66m daily, I recommend a 50-50 approach between reserve and injection into the economy that means every week about $220M will be injected and $220M will be saved in the reserves. I believe the present intervention by CBN is necessary and very sustainable if there is the political will.

I wonder where the dollar is, LC awaiting bid for 2 weeks now, abi na only black market the dollar they?

Politics hmm...

Before? Its recovering faster than ever in their pocket na, I no blame them

Lovely!

Love is in the air

I must popular lol

Change! but its too early, moreover its still a weekend.... watching in 3D

Classy...life is good, if you are a car lover and you have used a rikety tokunbo vehicle before you will appreciate God who gives wealth when you see a car like this

You better correct 1st bracket statement b4 dem cum for ur head or remove waitin for Nysc

Do you get the device bonus when you sub normal 1k for 1 month data i.e 1.5G?

Very interesting, that means the 4G LTE providers hav to think out of the box in finding solution to revenue generation other than making competitors to increase their prices and making them less attractive for both voice and data users on their network, while making spectranet more porpular.
There way out of this is expanding their network coverage and capacity by reaching better payment agreement with their suppliers like bill for collection, with that you dont have toto bring $1m to the bank and you pay when convinient as agreed with the supplier

Tell them

Tomatoe price

No big deal, she was polite about it, it only means she doesn't need d publicity, she is a young lady with very big dream life partner inclusive... tink am

Donbigi2:
Glo .. After subscribing 2500 for 10gb data I get 5k just for calls,

Do you get to use the data atall before it expires? bcoz glo data network is bad

wetin ladies dey chop this days wey dey grow their tommy, anyway beer has age limit not gender limit

mightyhaze:
that's wot it looks like to me !

All of a sudden electricity became rocket science,..and spurring so many grammar and philosophy to mask the obvious

Oga pls can u lend Fashola and his team, $100b which our power sector requires now, before spewing wat u just said. And if you can't yes it is rocket science

Victorjerry68:
want $100 instantly? click here https://www.auctionexport.com/Invite/48060F9B112E2CFE8D3D

What is your referral email? and where you properly registered? and how does it work?

You guyz are celebrated you played better than your opponent, thumbs-up to you guyz