₦airaland Forum

By the time this girls spend two years then I will tell APC
That no more hope for my mouth are sailed

Patientic

Madness

K

K

Ha

Make I lough in mordo language shishishishi



............................................


.no return yet abi?

Good one

Devaluation now

What?

U this press. D naira is stil 197 to d dollar. D black market is not d real value of d currency n d reason why it is droppin is because there is less usd on d black market. If u hv a legitimate need for usd u can stil get it at d bank rate.

Hahahah

Monday’s stoppage of foreign exchange sales to Bureau De Change operators by the Central Bank of Nigeria failed to lift the naira on Tuesday as the currency exchanged for 300 against the United States dollar in Kano, 290 in Lagos and 292 in Abuja.

Financial experts said the naira would decline further, while private sector operators described the move as a welcome development.

The ban was announced on Monday, when naira trading at 285 against the dollar at the parallel market from 278 on Friday.

The Acting President, Association of Bureau De Change Operators, Alhaji Aminu Gwadabe, told one of correspondents in a telephone interview that the currency traded against the greenback at 300, 290 and 292 in Kano, Lagos and Abuja a day after the CBN announcement.



“There is cut of (dollar) supply to the market. The BDC sub-sector has been murdered. We are not coping. The naira is going to head northwards. There is no solution in sight,” Gwadabe lamented.

The Head of Investment Research, Afrinvest West Africa Limited, Mr. Ayodeji Ebo, said the stoppage of forex sale to the BDCs meant that the CBN wanted everybody to apply to the banks for dollars.

He stated, “But we feel the pressure now will move from the BDCs to the parallel market. We will see significant spike in the value of the naira at the parallel market because the little supply to the BDCs have also helped to cushion the demand at the parallel market.

“It will further compound or increase the spread between the parallel market and the interbank market. So, it will also increase round-tripping and unethical practices within the financial system.”

On the lifting of the ban on cash deposits into domiciliary accounts, Ebo said, “I am still sceptical about how this will work except they are also assuring us that if you deposit it, you can consummate business with it.”

A professor of financial economics at the University of Uyo, Akwa Ibom State, Leo Ukpong, said, “I don’t think the stoppage of dollar sale to the BDCs will solve the problem. The currency will depreciate some more.

“This move will make the naira to weaken more as demand for dollar will skyrocket because of the short supply.”

Members of the organised private sector, however, applauded the CBN for the stopping the sale of dollars to the BDCs and lifting the ban on cash deposits into domiciliary accounts.

The President, Manufacturers Association of Nigeria, Dr. Frank Jacobs, said industrialists had earlier kicked against the funding of the BDCs by the central bank, adding that with the development, the forex could be channelled towards funding the real sector in terms of importation of raw materials.

On the removal of the restriction of cash deposits into domiciliary accounts, Jacobs said manufacturers were still waiting for more clarification as to how the money deposited could be utilised by the customers.

The Director-General, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Mr. Emmanuel Cobham, said the forex sale ban was a welcome development.

According to him, although the BDCs are necessary in the economy, they are licensed entities and should, therefore, source for their own funds.

Also speaking on the matter, the Director-General, Lagos Chamber of Commerce and Industry, Mr. Muda Yusuf, lauded the forex policy review, noting that it had addressed the concerns of economic operators.

According to him, it is a source of worry that the CBN continues to maintain its official exchange rate at N199 to the dollar at a time of dwindling forex inflow.

“The pressure on the official window will persist. The risk of round-tripping and distortions in the foreign exchange market will consequently remain high,” he said.

Source www.punchng.com/naira-crashes-to-300-against-dollar/

Y

WOMEN WAHALA!!!!!!!!!
!!!!!!!!!!!!!!!!
If you give her sex, she will
say you are after her body; if
you don't give her sex she
will say you are not man enough.
If you give her money she
will call you a mugu; if you
don't give her money she will
say that you are stingy and
greedy. If you are very caring she will
take you for
granted; if you are not caring
she will say that you don't
love her.
If you always call her she will say that you are
disturbing
her; if you don't call her she
will say that you are cheating
on her.
If you dress very well she
will call you a player; if you don't dress well she
will call
you a dirty guy.
If you are quiet she will say
that you are too boring. If
you are not, she will say that
you are too lousy. Help her in the kitchen she
will
say that this man is a woman
wrapper; don't help her in the
kitchen she will say that this
man is using her as a slave.
SO LADIES TELL ME WHAT DO YOU ACTUALLY
WANT? If YOU
ARE A LADY I WANT YOU TO
TELL US WHAT do You REALLY
WANT IN A MAN? I MEAN
WHAT IS YOUR IDEAL MAN? *

By Oracle.

Weldone boy

Good morning,GOD bless ABACHA truly abacha have seen the future

Hahahah

Madness make man get accident now no help from police but governor pikin senator e t c........



HELP go dey

What again?

Hmmm

Next

K

T bad

Kool

sickstars:
Leave us alone worry bou ursef more

on your own

Girls that bleach.. If on the judgement day,your
face do not match the one on Angel Gabriel's
laptop. Don't argue.. Just go to hell..

Pictures or ..........

Loi