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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:



King Ejike is Igbo. Go and verify.
grin

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:



What is the syllabus like?
Is Nigerian civil war history taught?
Is pre civil war Kalabari history taught?

How come many people don't know Kalabari came from Aro to Emohua and down to their current area?

What is being taught in the history?
grin

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 grin

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:



Not only History, some courses are not offered in Nigerian universities in the East due to the fear of the last civil war.
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:
Nigeria would most likely have 3 presidents tomorrow.
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 angry
Politics / Re: Links Between Kalabari And Igbo Part 3 – History Of Kalabari by Parachoco: 8:46pm On Jul 06, 2023
Gajagojo:


History was never removed
It is and always has been available in JAMB,WAEC and NECO
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:



It is selected history. Several important events are not covered.
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:


See as you disgraced yourself for this thread...smh
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:


History was unfortunately removed from schools.
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:
An economy that is on papers.. realty Congo drc develop pass the deserted place
You're still in Shock Asiwaju defeated your Fulani Master grin

Asiwaju defeated Obi(Your First Choice) and Atiku(Your Second Choice)

Asiwaju is a Wicked Man abeg grin

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 sad
Politics / Re: Is Akeredolu Back, If He Is Back, What Happens To His Deputy? by Parachoco: 1:50pm On Jul 06, 2023
mokwechineme:
The one who wants to usurp his power
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:


Tinubu should be ashamed that they could such stupid lies as evidence to a presidential tribunal, they have tried everything humanly possible including Lamalama Papa e nor still work, and you are here saying Obi will never become president. Tinubu is going down in history as the first Nigerian president to be removed from office, mark this statement, PO is coming strong, Tinubu cannot escape this one 7 count charges? no he cannot escape this time.
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:

Did you even read the judgement? Let's even agree that the judgement removed Abura. It requires a NEC to install a new acting chairman.

All the people with Apapa, where all expelled or or suspension.
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:
Lol. You are wasting your time.the court never made Lamadi Apapa chairman. The judgement that stopped Abure from acting was appealed and set aside.
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:
your oga want to still continue his using shettima to deceive those northerners but they are wise now, they fall for baba is not fit before election they rig election for him, he is trying to use Shettima to deceived them again so that they can help him to rigged tribunal in his favour. grin
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:
Transformer donation from a whole executive governor

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:
Even VP don join the 'pilgrimmage' to the West!

Nobody dey reason North again! Eyahhh!!!
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 grin

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:



It was common Knowledge that Banana Island belonged to the Adeleke family

(Davido's Clan)
I do wander why the Govt take away the Island from them

Christistruth03:



It was common Knowledge that Banana Island belonged to the Adeleke family

(Davido's Clan)



But what does he expect the Onigbesa of Igbesa to say, the Military FG took half of the Land from Igbesa in Ogun State to Oshodi in Central Lagos from him

Abacha was even seizing Lands from the Old Missionary Schools with very big fields

But there is still a Rumour that Babangida gave Davido's Dad an Oil well which will mean that the FG has indirectly paid for it and the rest of the family need to collect their own share from him
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:
Before I start talking with you in analytical terms. Show me TINUBUs or oshimoles business outside EDO or even the so called Lagos.

Show me a business interest opened by Tinubu in Kano..Abuja...PH...even before being a Nigerian President.

You are shamelessly disgusting. You are hailing politicians that give you 30k monthly for being foolish, whereas you can actually hustle hard on your own and make 500k monthly, using your brain, instead of being an internet zombie.

Spits


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:
Sanwo olu na gbewudani jọ,he just dey allow people to bully him any how,one of the first thin fashola brought to Lagos state was sanity but look at Lagos today,shanty everywhere, people building pako houses under the bridge,some are even sleeping on pedestrian bridge
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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