₦airaland Forum

Israeljones:
i dont really like a one-sided story expecially when its comin from a lady

Sketchandcraft:
So Na de woman Wey burn thief and fraudster be that...

After all his money he no fit take good care of his mother.. See as his mother resemble housemaid...

989900:
N405 @ Ikeja right now.
N400 @ Ibadan.

Time for speculators and hoarders to count their gains and losses and move on, or remain adamant and lose all.

Once black market merges with close to Western union, trust me, we are headed for N320 to a dollar in few weeks at the minimum!

I wrote the below some weeks back.

1. Oil is no longer our largest source of Forex inflow since 2015, rather remittances from diaspora @ $35b in 2016, which was between 3-4 times more than Forex from oil in 2016 (and that is not even taking into account the ones brought in physically and unaccounted for)!!
Nigeria is the 3rd largest recipient of Forex remittances from overseas in the world!
Diaspora remittances practically supports the Philippines Forex market.

2. Inflows from FDIs are no longer what they used to be . . . those have fallen by over 50% at around $4b in 2016 . . . not basically a situation peculiar to Nigeria thing, nor PDP vs APC thing, though we could have done better.

VERDICT:

Our issues largely complicated by a chronically ill Naira was largely fueled by either complicity or incompetence or both, by our policy makers.

You don't have to be a genius to realize that the large discrepancies between exchange rates created by whack policies got us here.
It ensured people no longer send money anymore via Western union and e.t.c (which would have come in through the CBN and filtered into the system), rather, they do directly to their dorm accounts and other means where they hoard and speculate on the Naira creating artificial scarcity.

Going forward, after the 'technical devaluation' to N375 to a dollar for hospital, school and other bills, the best policy would be to continue to support the Naira until western union and other remittance platforms rates merges with parallel market or within N5-N10 of the parallel market say in the next few weeks, thereby encouraging inflows coming in thru the CBN and speculators dumping their 'stash', which would further help the Naira appreciate considerably to around N350 or less, even with less inputs from 'petro-dollars'.

On the longer term, we pray our 'wild wild south-south' brothers would relax small about this bombing things, so that we can have more power supply which would help reduce our Forex consumption for refined fuel imports, while the CBN and FG intensifies efforts on reducing our over $4b per annum demand on rice imports and other food imports, hoping we can do something in the steel sector to reduce the billions of dollars we waste in importing those every year too. As we pray for Dangote and other new refineries coming up to deliver.

Vanshmuell:
Haha.. Very crazy.. I love naija,,

frenchwine:
This is commendable and worthy of emulation. When you start to give back to the community at this stage, it becomes part of you.
By the way, hypocrisy is when the Chief of Staff took the customary drink from the borehole to prove that it's safe for drinking while himself and other dignitaries were served Eva bottled water.
Only God knows the amount of antibiotics he would take to avoid typhoid.

shikshark:
as much as i dont like police.....i still think a part of this story is missing

mccoy47:
Nice.
I've always know ondo peeps to hv smart genes in dem

Jerryojozy:
I love my profession.


Genius J

Muzanga:
And nobody is talking about that space between a man's dick and his balls. Smells like damp clothes. Some guys wear one pair of boxers for 3months. See them dirty guilty guys quoting me. e pain them.

manikspears:
It is to decide which billing rate to put you

mmb:
@Banter1, where is your source?
couldnt find any news of his death on google.

are you sure you are not his enemy?

Emescot:
Am i wrong if i say Naija has the highest number of arsenal fans... Win or no Win its in the blood... COYG!

Lah84:
Make them arrange milk for one corner incas

1wolex85:
Oga you need to calm down. Nobody is preventing anybody from having access to their money
Yes there is shortage of physical cash, people should use other channels, if you take your atm to a shop and pay via atm or you transfer money, it will still go. So it is wrong to say people are being denied access to their money
CBN has focused so much on the Dollar issue this year that they have not expanded on their cashless policy. That is the real issue.

I posted this on an earlier thread,
What CBN needs to do is deepen the implementation of Mobile Money. In Kenya, once I have your phone number, I can transfer money to you. This also saves a lot of money in printing cash. Another option is to take advantage of cash based businesses and use them as mobile money agents. For example, I should be able to walk into a Petrol station or supermarket, deposit money in their account through their POS and they give me the cash equivalent. It will help this businesses reduce their cash calls and bank trips.

kYjelly2:
I'm just thinking to myself like, so because deisel truck had an accident, that means the product now belongs to the public

just a thought though, like if a truck carrying cows had an accident, I guess people would be trooping in to scoop up cows.

no one is thinking of the huge loss to the company, the health of the driver...

wonder what would have happened if the driver was trying to stop them from scooping what is rightfully not theirs, wonder how they'd have treated him.

just thinking out loud.

aflyingbird:
Y did she lose so much blood ?