₦airaland Forum

NigeriaIsDoomed:
Of course Uyo is the Singapore of Nigeria if you didn't know.
Poor man! I am in Uyo at the moment, come there let's tour the city.
I want to cure your ignorance and don't be afraid of your expenses cuz I will take care of that.
I will be here till next week.

Perhaps all the residents of Akwa Ibom use Keke to work and live on trees. Poverty is truly a disease!

I know you are too poor to accept my challenge so let me post few aerial view screenshots of some of the luxury estates in Uyo.
These are from Shelter Afrique, Ewet and Asongama in Uyo.

I Know you will mention those little estate that can't even measure up to GRA phase 4 Port Harcourt. If oil workers are living in uyo . it could have given ur state capital facelift. most of ur people living in shanties would have relocated back to uyo. sorry oo uyo is a glorified village in pars with jigawa in road construction nothing else.

Turkish airlines

shinaxurdick:
what about rwanda pls, and those countries you mentioned pls how fast is it getting their visa.

apart from West Africa and Cameroon . you can get PTA for any other Africa country.

Hanibbal:
Only Russians are getting killed. I never see this kind war in history o. Na only one side dey die

when Russia was on offensive you were cheering then now the table has turn it has become propaganda to you. God bless MLS and HIMARS for dealing heavy blow against urchins.

DerrickzB:
Mynd44
This is obviously hoax and propaganda, please this particular BritishNaija moniker should be put on ban!!!

hahaha Putin urchins. the news also in Bloomberg. https://www.google.com/url?q=https://www.bloomberg.com/news/articles/2022-07-29/the-ruble-is-stumbling-as-yuan-trading-volumes-soar-to-record&sa=U&ved=2ahUKEwijnKbXxqD5AhUCHuwKHcF2BWwQFnoECAgQAg&usg=AOvVaw28LscRMw81pmtG7OWxQjvX

NigeriaIsDoomed:
Hater! We are moving while you hating. May God give you haters long life to keep hating on Akwa Ibom while she is progressing. More grease to una elbow o....

Don't expect Uyo to be congested in view of the fact that infrastructural development in Akwa Ibom is decentralized.
For instance, I can choose to live in Ikot Abasi, Eket, Ikot Ekpene, Abak or Onna and will still have access to quality infrastructure. This is untypical of other states in the country.
When you talk of decentralization and interconnectivity of infrastructure give it to Akwa Ibom.

I think Akwa Ibom leaders deserve medals of honour for exceptionalism and for transforming a once sleepy enclave into one of the destinations and fastest growing states in Nigeria.

if you like live in Atlantic ocean, as far as most of the oil workers are living in Port Harcourt akwa ibiom will always remain a glorified village.number of oil workers living in uyo is not more than 3k .and what infrastructures do you have than can measure up to shell RA , Port Harcourt. Do you even have light in uyo. how many street is tarred. do you central water system, gas system . what infrastructures do you have . hahahahaaha

Hunchogee:
most ? You need some sense .. Uyo was designed that way not to be polluted..

As uyo na Singapore. uyo and yenegoa is the least developed HDI in the South south region. how many good buildings and exotic cars do you see plying the fine roads in uyo.

Most of the oil workers are residing in Port Harcourt. that's why uyo is always empty and full of rickety Keke.

My only pain is the length of jail was too small they should have been given 20yrs each.

hamlak:
Let us help you set up a Bank account in Ghana.

Or Get you a Residence Permit.

im interested, what is the dollar spending limit in Ghana debit cards

MuscularDick:
Shebi it happened in 2019, if dem born una well this time make una near polling booth. You know say na Yoruba dey on ballot this time. Una go smell pepper.

lol no be in the same ijesha they killed una thug. They caught him and killed him there. There nothing ur agbado Lord can do. If una try this time una go collect it .

MuscularDick:
Na today I Don dey talk am? How come nobody Don try nonsense make LASG close that market so that all of you bastards can go back to your good for nothing erosion ravaged land of unknown gunmen.

You igbos should better not wish for inter-ethnic clash with the Yorubas. Your stay Don over be that.

go and take ur agbado . ogbomosho man. try rubbish with igbos and collect wotowoto. ur druggie Lord will lose Lagos there is nothing you can do. bring on that war will chase una to benin republic.

Sleekfingers:
Lagos is no man's land. I am a full fledged lagosian. Go to lagos island, badagry, epe, ikorodu, ibeju, and say lagos is a no man's, if dem no go design your flat skull with bottles

Na this kinda statement dey infuriate we lagosians.... .if care is not taken, we go put your ati oun rin wa, for una place.

m*umu talk,. come inside alaba or alaba rago tell igbos or hausa to leave Lagos for una. let use una design places. stupid talk

MuscularDick:
If truly Lagos is your home, go and retrieve that PVC registration machine. Let us use it to test something.

if they born u well enter alaba and shout Igbo go back to your home. let's check something

MuscularDick:
He is in his state, it is you who should go back to your good for nothing region. We don't want you in Yoruba land.

egun is not yoruba.ilaje is not Yoruba. go back to ur ogbomosho enclave . Lagos is a home for all

Chithauri:
nothing else to say. Wait till February 2023. Good luck, cos u will be needing it.

go and take ur agbado and cassava. use*less urchins

Chithauri:
hand go touch una. We are just waiting for election time and u all will use mouth to tell us who own lagos. Bastarrds who come to another man's land to do rubbish.why una no shout Biafra or death again. Feb 2023.keep marking in ur calender. Una go collect fire for fire.all we ask is respect yorubaland

phool Lagos is amalgamation of several ethnic groups, like egun, . like I said go back to your land in ogbomosho. lagos is home for everybody. you're migrant from osun or oyo claiming Lagos, phool.

DerrickzB:
He will tell you none or about 5k!! That one is a peddler of fake news!! He was among the people spreading news about Russian dead generals and commanders!! Always disregard him

what you guys didn't know is that Ukraine have 700k+ soliders and the Russia didn't do general mobilization. the figure is accurately. remember also Russia is the one invading , so high tendency of receiving much casualty is certain.

Chithauri:
no problem.sebi election is next year we will know who own lagos

phool you will be chase into Benin republic this time. agbado and cassava go back to ur enclave in ogbomosho

Chithauri:
go and vote in onitsha. We will not allow you to desecrate Yoruba land. #yorubaFirst

go back to ogbomosho, Lagos is no man's land.

Tinubu attacking Igbo stronghold in Lagos . should be the heading

CBN should borrow Sense from there younger cousin Zimbabwe

The new coin can be used in some shops
Zimbabwe's central bank has launched gold coins in an effort to help curb soaring inflation amid a slump in the country's currency.
The central bank's main interest rate was more than doubled this month to 200% after the annual rate of inflation rose above 190%.
Scroll to continue with content
Each coin will be priced at the international market rate for an ounce of gold plus 5% for production costs.
As of Friday, an ounce was worth about $1,724 (£1,435).
It will be possible use the coins in shops, if they have enough change, according to the governor of the Reserve Bank of Zimbabwe, John Mangudya.
The coin is called "Mosi-oa-Tunya" which means "The Smoke Which Thunders" and refers to Victoria Falls, on the border between Zimbabwe and Zambia.
Zimbabwe's dollar slumped in value against major currencies this year.
The country still remembers the economic chaos under the late Robert Mugabe, who ruled for almost four decades.
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Hyperinflation forced it to abandon the Zimbabwe dollar in 2009, and it opted instead to use foreign currencies, mainly the US dollar.
During the worst of the crisis the government stopped publishing official inflation figures but one estimate put the inflation rate at 89.7 sextillion percent year on year in mid-November 2008.
At the time, the one hundred billion Zimbabwe dollar bank note was seen as an emblem of the nation's economic collapse.
The local currency was reintroduced a decade later but it has rapidly lost value again.

Totilopussylick:
Tinubu once said.

To combat terrorist and bandits in Nigeria.

APC need to recruit 500.000 youths into the Nigeria army.

He maybe right afterall .

not 500,000 but 50,000,000 .don't sugar coat agbado Man

Nigeria should prepare we are heading to #1000. per 1$. wait for the NNPC to blame FG, FG will blame IPOB and ASSU. the cycle continues. while the nation is bleeding their account in Chase bank and jp Morgan is smiling. agbado urchins will be enjoying their cassava and agbado . the "title what a curse nation". CBN won't tell you the diaspora remittances of $25b Worthy of stabilizing naira is being hijacked from the air before it lands into Nigeria. They won't tell you the revenue of gas is going higher since this year but where is the Dollars. what a criminals ruling a nation

MARKET NEWS
Non-remittance Of Dollars By NNPC Behind Naira Crisis, Says CBN - THE NATION
JULY 29, 2022
• Apex bank doesn’t print forex
By Collins Nweze, Assistan
Non-remittance of dollars to foreign reserves by the Nigeria National Petroleum Corporation (NNPC) is responsible for naira’s free fall in the official and parallel markets, the Central Bank of Nigeria (CBN) has said.
As at the close of work yesterday, the naira traded for N700/$1 at the parallel market and N415.96/$1 at the official market.
The CBN explanation was given in report that was released yesterday.
NNPC and its subsidiaries are the sole managers of crude oil which accounts for more than 80 per cent of Nigeria’s Foreign Exchange (forex) earnings.
On Tuesday, an abridged communique of the Federation Account Allocation Committee (FAAC) showed that the Excess Crude Account (ECA) shrank to $376,655.09 from $35.377 million in May.
The ECA is supposed to be a savings buffer meant to steady the government’s revenue and serve as a bailout for the economy in dire times.
The abridged version of the FAAC communique was released at the end of the monthly FAAC meeting in Abuja by the Director in charge of Information in the Office of the Accountant-General of the Federation (OAGF), Henshaw Ogubike.
In the CBN report titled: “The forex question in Nigeria: Fact sheet”, the apex bank disclosed that “domestically, there has been zero dollar remittance to the country’s foreign reserve by the NNPC, insisting that the CBN does not print dollars.
The report states: “As noted by the CBN Governor, Godwin Emefiele, monetary policy alone cannot bear all the burden of the expected adjustments needed to manage these difficulties. It’s our collective duty as Nigerians to shore up the value of the naira.”
According to the apex bank, Nigeria earns foreign exchange from four sources – proceeds from oil exports; proceeds from non-oil exports; diaspora remittances, and Foreign Direct/Portfolio Investments (capital flows).
The bank noted that the past six years have been characterised by two recessions triggered by a slowdown in the global economy as well as the effects of COVID-19.
These, it said, were further accentuated by sharp declines in the prices of crude oil, the major source of Nigeria’s foreign exchange.
The bank said: “Considering Nigeria’s heavy dependence on oil exports for foreign exchange earnings and government revenue, the impact of the oil market crash severely affected the government’s naira revenue and other macroeconomic aggregates including economic growth. Hence, the rate of exchange between the naira and other currencies has widened over the past few years.”
On the key facts about the economy, the apex bank said he CBN issues legal tender in Nigeria (naira) and does not print foreign exchange. It said the pressure on the naira has both local and global perspectives.
“There is un-abating demand for foreign exchange for both goods and services, thereby creating a demand challenge. The current exchange rate of the Naira, like other major currencies, is not driven by cryptocurrencies, given the volatility in the cryptocurrency space, which lost over two trillion in the past two years in face of high inflation,” it said.
The high inflation in other climes and the hike in interest rates have heightened pressures on the exchange rate. This has triggered capital flow reversals from Emerging Markets and Developing Economies (EMDEs) to more advanced economies.
“The United States (U.S.) dollar is gaining against all major currencies of the world. The imbroglio in Nigeria’s tertiary educational sector has triggered an exodus of students from Nigeria schools, with its attendant payment of fees in foreign exchange. Summer travels by Nigerians has also impacted on the demand side of the foreign exchange market,” it said.
According to the apex bank, Nigeria is not producing, hence the propensity to import is directly affecting the value of the Naira but the apex bank has attempted to address the challenge through policies.
It listed policies like the RT200 FX Programme, 100 for 100 Policy on Production and Productivity, Naira4Dollar Scheme, Anchor Borrowers’ Programme (ABP), Export Development Facility (EDF); and the Non-Oil Export Stimulation Facility (NESF).
The bank said that all these and many of its other initiatives were aimed at diversifying the economy, stimulating production, enhancing inflow of foreign exchange, maintaining the stability of the naira against other currencies and reducing foreign exchange demand pressure.

https://thenationonlineng.net/non-remittance-of-dollars-by-nnpc-behind-naira-crisis-says-cbn/

SUPERPACK:
Our imports still exceed our exports for the past 7 years now. For 2021 our balance of trade stood at –$6 billion.
https://www.thecable.ng/nbs-nigerias-imports-exceeded-exports-by-n1-94trn-in-2021

get me the data for this year. exports outweigh our imports . it has always be like that since time immemorial. it was during the hit of covid that our exports was outweigh by imports. go and verify.

christejames:
Frank is a nice guy but unfortunately he is in an unpopular party which is currently enmeshed in internal crisis, same with Labour Party... Enugu as a state still see PDP as the big deal, So sad!


As for Gburugburu, I don't know why the man is so slow to action, thank God he even completed the one at T Junction. Even if he can't complete the one at Holy Ghost, she should at least, kick off the construction of the Flyover at Holy Ghost it will go a long way in laundering his image... That place indeed needs solid, modern Flyover.

chai my Enugu people will always fail me..your thanking God ,for the worst fly over ever constructed in Nigeria. flyover that two cars can't pass under. may God deliver you oo. it's better he doesn't start any other rubbish in Enugu. let that failure finish his turn and depart lions building.

who so ever says that nigeria is import dependent nation is liar . go and verify our balance of trade . our exports outweigh the imports.
Nigeria is suffering from artificial manipulation of naira by the elites. supported by CBN. I wonder what it will take CBN to totally ban BDC activities in this country.

Jvctour:
Omisy015@gmail.com

thanks bro

twentyfivekobo:
Goot evening.

hope you can see the number of exported gas as of last year is 38.8 billion , this year it will be 40+ billion then multiply with the price . You can find out the price yourself. Thats amount of revenue for gas. I repeat we have no business of dollar shortage hold buhari and his 40 band of thieves responsibility