₦airaland Forum

Mraphel:
She's just too emotional over everything..i think she can't live here in Nigeria .
She can go back abroad to live where she's used to... cuz she cannot adapt to our useless lifestyle here in Nigeria

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IDD

Never give up �

Yes u made a good point but u also have to know that some people in Nigeria manipulate the dollar that is why it sky rocketed abnormally so I think they new deal will reduce pressure on the dollar and for a while allow nature to take it's course. The truth is that Nigeria has a consuming economy and it will take a long time to fix.

Nigeria – China Currency Deal
The major advantage is that if an importer is to buy a good from China worth 6467 Yuan. He will first need to change his naira to dollar. (N320,000=$1,000 ) then change the $1,000 dollars to Yuan which is 6467.00 . But if he decides to change to Naira directly then 1 Yuan is N30.80 naira x 6467 = 199,209.24 .

In the first Calculation he will be spending 320,000 – 199,204.24 = 120,796. In the first process , the importer will lose 120,796 just because of the currency conversion. But with this new deal importers will have a lot to save and we should also expect a reduction in the price of goods exported from China

Business 101 "Business cannot strive without loans", all blue chip companies are in debt, even Nigeria, USA And UK are in debt too, even Dangote group ve it's own debt problem and ur big Europe clubs like Real Madrid, Barcelona, Man united etc, except capital oil dnt service their loan which I kn is a norm for blue chip companies. Buhari should stop all this rubbish.

I stand with the Nigerian youths, we need to get rid of these old people, advice is all we need from them, they ve failed us, countries like Canada ve gotten rid of them Africa need to follow suit hw can 90 yrs old man still be struggling for power to loot us dry. We need to stand and take the bull by the horn, WE ARE THE NIGERIAN ELITE... let's join the moment