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Politics / Re: Links Between Kalabari And Igbo Part 3 – History Of Kalabari by Parachoco: 10:24pm On Jul 06, 2023 |
AfricanColumbus: The thing wey dey always dey funny to me nah how you sabi Ijaw History like this But well, all this una Madness ends online |
Politics / Re: Links Between Kalabari And Igbo Part 3 – History Of Kalabari by Parachoco: 10:19pm On Jul 06, 2023 |
AfricanColumbus: Only you know where you dey see your history from Nah the first time I go hear say Kalabari Originate from Aro be this in my Life Well, all this una yeye claim no dey pass Social Media |
Politics / Re: Links Between Kalabari And Igbo Part 3 – History Of Kalabari by Parachoco: 10:17pm On Jul 06, 2023 |
AfricanColumbus:What are the Courses that are offered in other part of Nigeria but not offered in the East? |
Politics / Re: Tomorrow Is The Deal Day by Parachoco: 9:31pm On Jul 06, 2023 |
IVORY2009:I know of two Tinubu The President Of The Federal Republic Of Nigeria Pandora who is the President Of Twitter Who's the third President? |
Phones / Re: Twitter Threatens To SUE Meta Over Its New Threads Platform And Accused It Of Po by Parachoco: 8:59pm On Jul 06, 2023 |
Wey I don create my own account tonight and follow and Like The President Of The Federal Republic Of Nigeria Post |
Politics / Re: Links Between Kalabari And Igbo Part 3 – History Of Kalabari by Parachoco: 8:46pm On Jul 06, 2023 |
Gajagojo:E go still fine another excuse give you now I don't understand how an Igbo man that does not even know his history go dey talk about Ijaw history |
Politics / Re: Links Between Kalabari And Igbo Part 3 – History Of Kalabari by Parachoco: 8:45pm On Jul 06, 2023 |
AfricanColumbus:Garbage talk You first claim "History was remove from school", now you don start to dey change mouth again after I prove to you schools are still learning History. You're not just glad they are not teaching your propaganda in schools. Kalabaris know where they originated from and is not from Calabar neither is it from anywhere in Igbo Land |
Politics / FMDQ Revises How Forex Rates Will Be Computed At I&E Window by Parachoco: 8:06pm On Jul 06, 2023 |
FMDQ Securities Exchange Limited (FMDQ Exchange), a leading platform for trading and reporting of financial markets in Nigeria, has announced revisions to the computation methodologies of its foreign exchange (FX) rate-fixing products, effective from Wednesday, July 5, 2023. The revisions are aimed at aligning the FX rate fixing products with the global trend of using transaction-based models instead of contribution-based models, as well as the ongoing reforms in the Nigerian FX market initiated by the Central Bank of Nigeria (CBN). In plain terms, it is part of the FMDQ’s initiative to promote price discovery in the forex market, which is still in its infancy in terms of market-driven exchange rate policy. What the press release is saying According to a market notice issued by FMDQ Exchange, the Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) and the Investors’ and Exporters,’ (I&E) FX Window Spot Rates will now be calculated using actual FX market transaction data, rather than indicative quotes from market participants. Previously, rates were decided by quotes submitted by traders rather than real deals. The indicative quotation approach is vulnerable to manipulation since it may not fully reflect the actual price at which a trade was completed. The notice also urged Dealing Members (Banks) to execute and report their FX market transactions accurately and promptly on the FMDQ-designated FX Trading System during trading hours, to ensure the representativeness and integrity of the FX rate fixing products. What this means – The transactions-based model in forex refers to a way of determining foreign exchange rates based on actual market transactions. In this context, it indicates that the Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) and I&E FX Window Spot Rates will be determined from actual transactions in the foreign exchange market. Instead of relying exclusively on indicative quotations or predictions made by market players, the rates under the transactions-based model will be calculated based on the actual prices at which currencies are bought and sold in the market. This method seeks to provide a more accurate and trustworthy representation of current exchange rates. Because the rates are based on actual transactions conducted by market participants rather than subjective assessments, it allows for a more direct and objective assessment of market conditions. These changes are anticipated to have an immediate influence on how foreign exchange currency rates are established. Because it is based on actual deals, the actual forex rates paid fully reflect reality when employing a transaction-based method. When traders realize that the closing rates are not simply rates but are based on actual trades, the effect of demand and supply on prices will also aid price discovery. https://nairametrics.com/2023/07/06/fmdq-revises-how-forex-rates-will-be-computed-at-ie-window/ |
Politics / Re: Links Between Kalabari And Igbo Part 3 – History Of Kalabari by Parachoco: 8:02pm On Jul 06, 2023 |
Sweetrosie:How did you disgrace yourself on this thread? Is an insult for AfricanColumbus an Igbo man from the South East to dey talk say Kalabari was founded by people from Cross River and Igbo land Kalabari is 100% Ijaw Land. |
Politics / Re: Links Between Kalabari And Igbo Part 3 – History Of Kalabari by Parachoco: 8:01pm On Jul 06, 2023 |
AfricanColumbus:I can mention 5 FG and 5 State Universities wey still dey teach History History get her own department in almost every school in Nigeria |
Politics / Re: Why Are People Anti-IPOB/MASSOB/? by Parachoco: 7:52pm On Jul 06, 2023 |
IPOB is anti people 1 Like |
Business / Re: Nigerian Banks Compete For Positions On Threads App by Parachoco: 7:50pm On Jul 06, 2023 |
Make I go follow Jargaban on threads |
Phones / Re: The Instagram Newly Launched App To Rival Twitter - HOW IT WORKS by Parachoco: 7:44pm On Jul 06, 2023 |
Manna4Gurls:Thanks Boss |
Politics / Re: President Tinubu Meets With Japan Gas MD On New FLNG Gas Plant In Akwa Ibom by Parachoco: 7:43pm On Jul 06, 2023 |
When will the Project Start and End 21 Likes |
Travel / Re: Governor Alex Otti Hands Over 9 Road Projects To Contractors by Parachoco: 4:13pm On Jul 06, 2023 |
When will the Projects Start and End? Nah the koko be this 23 Likes 2 Shares |
Politics / Re: Sit At Home. Regional Realities And Implications. by Parachoco: 4:11pm On Jul 06, 2023 |
Odin13:You're still in Shock Asiwaju defeated your Fulani Master Asiwaju defeated Obi(Your First Choice) and Atiku(Your Second Choice) Asiwaju is a Wicked Man abeg 2 Likes |
Business / FMDQ Revises How Forex Rates Will Be Computed At I&E Window by Parachoco: 3:08pm On Jul 06, 2023 |
FMDQ Securities Exchange Limited (FMDQ Exchange), a leading platform for trading and reporting of financial markets in Nigeria, has announced revisions to the computation methodologies of its foreign exchange (FX) rate-fixing products, effective from Wednesday, July 5, 2023. The revisions are aimed at aligning the FX rate fixing products with the global trend of using transaction-based models instead of contribution-based models, as well as the ongoing reforms in the Nigerian FX market initiated by the Central Bank of Nigeria (CBN). In plain terms, it is part of the FMDQ’s initiative to promote price discovery in the forex market, which is still in its infancy in terms of market-driven exchange rate policy. What the press release is saying According to a market notice issued by FMDQ Exchange, the Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) and the Investors’ and Exporters,’ (I&E) FX Window Spot Rates will now be calculated using actual FX market transaction data, rather than indicative quotes from market participants. Previously, rates were decided by quotes submitted by traders rather than real deals. The indicative quotation approach is vulnerable to manipulation since it may not fully reflect the actual price at which a trade was completed. The notice also urged Dealing Members (Banks) to execute and report their FX market transactions accurately and promptly on the FMDQ-designated FX Trading System during trading hours, to ensure the representativeness and integrity of the FX rate fixing products. What this means – The transactions-based model in forex refers to a way of determining foreign exchange rates based on actual market transactions. News continues after this ad In this context, it indicates that the Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) and I&E FX Window Spot Rates will be determined from actual transactions in the foreign exchange market. Instead of relying exclusively on indicative quotations or predictions made by market players, the rates under the transactions-based model will be calculated based on the actual prices at which currencies are bought and sold in the market. This method seeks to provide a more accurate and trustworthy representation of current exchange rates. Because the rates are based on actual transactions conducted by market participants rather than subjective assessments, it allows for a more direct and objective assessment of market conditions. These changes are anticipated to have an immediate influence on how foreign exchange currency rates are established. Because it is based on actual deals, the actual forex rates paid fully reflect reality when employing a transaction-based method. When traders realize that the closing rates are not simply rates but are based on actual trades, the effect of demand and supply on prices will also aid price discovery. https://nairametrics.com/2023/07/06/fmdq-revises-how-forex-rates-will-be-computed-at-ie-window/ |
Politics / Re: Civil Servants In Osun State Staged A Walk Out Over Staff Audit by Parachoco: 1:52pm On Jul 06, 2023 |
Why will they work out because the Government wants to truly know the number of workers that are getting paid? Or nah me no just understand wetin dey go on |
Politics / Re: Is Akeredolu Back, If He Is Back, What Happens To His Deputy? by Parachoco: 1:50pm On Jul 06, 2023 |
mokwechineme:His Deputy was only occupying the position because Akeredolu was sick, he will handover back to Akeredolu 1 Like |
Politics / Re: Obi Is Not A Member Of Labour Party: Tinubu, Shettima Tender Membership Register by Parachoco: 1:41pm On Jul 06, 2023 |
obrian888:Asiwaju will rule Nigeria till 2031 He will handover to a Northerner in the APC who will rule till 2039. May God Protect and Bless us beyond then 1 Like 1 Share |
Politics / Re: Court Affirms Ukaegbu As Imo Labour Party Guber Candidate by Parachoco: 1:37pm On Jul 06, 2023 |
Joevics:So you can't show your source that claim Abure has been return? I wander why you guys love spilling Fake News online Nah you choose to write this Joevics:Now show your source for the bolded, you're talking about what I do not understand |
Politics / Re: VP Shettima Lands In Ibadan For 2023 Army Day Celebration (Video) by Parachoco: 1:28pm On Jul 06, 2023 |
Jostoman:Asiwaju Bola Ahmed Tinubu is the President Of The Federal Republic Of Nigeria
|
Politics / Re: Oborevwori Redeems Transformer Pledge To Warri Community by Parachoco: 1:25pm On Jul 06, 2023 |
ghramnishe: They told him their community needs a transformer, he promised them one, and he has fulfill his promise Is there a problem with that? |
Politics / Re: VP Shettima Lands In Ibadan For 2023 Army Day Celebration (Video) by Parachoco: 11:47am On Jul 06, 2023 |
Angelfrost:Go through the OPs post again so as to understand why he's in Ibadan. 1 Like |
Politics / Re: VP Shettima Lands In Ibadan For 2023 Army Day Celebration (Video) by Parachoco: 11:43am On Jul 06, 2023 |
I dey remember the days when Pandora Orchins were saying Shettima will work for Atiku and work against Asiwaju. Look at the kind of Power and Authority he command, why will a sane Nigerian work against occupying this kind of sweet position? The Number 2 Man in Nigeria. The way those Orchins dey reason eh 5 Likes |
Politics / Re: Better To Star Initiate Conversation With Kanu, IPOB Now – Hassan Stan-labo Plea by Parachoco: 11:25am On Jul 06, 2023 |
Pandora Supporters will agree with this, but wailed bitterly when Yerima suggested the same thing for Bandits |
Politics / Re: Discos Intensify Efforts For Electricity Tariffs Hike Approval by Parachoco: 11:20am On Jul 06, 2023 |
Let them intesify the distribution of Prepaid Meters too 10 Likes 1 Share |
Properties / Re: 'Banana Island Belonged To My Father But The Government Stole It' - Remi Adeleke by Parachoco: 11:18am On Jul 06, 2023 |
Christistruth03:I do wander why the Govt take away the Island from them Christistruth03:I do not think they are related to the Adelekes of Osun State The Adeleke who developed Banana Island is from somewhere in Ogun State 57 Likes 7 Shares |
Politics / Re: I Thank Asari Dokubo For Urging FG To Let Igbos Go by Parachoco: 11:16am On Jul 06, 2023 |
BiafranPatriot:Spit all you like Pandora should establish his business on the State he turned to Dubai instead of PH and Abuja. |
Politics / Re: Lagos Declares Zero Tolerance For Street Trading by Parachoco: 10:16am On Jul 06, 2023 |
tamdun:I really miss the Government of BRF. In my own personal opinion, he's also one of the best Minister in Buhari Administration, base on the budget he had to work with, he didn't perform woefully. 10 Likes 2 Shares |
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