PureFace1's Posts
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folake4u:All bolock You will somehow convince yourself if you see a man that is just even 5% as rich as Ned nwoko and he is even uglier. You will be like if Regina Daniel can do it, I can do it too etc |
skj1377:What if you are a stingy man ? You have the right to manage your resources as you like because you are working hard for it. Is pvssy even valuable to that extent ? Look at you getting so easily manipulated by a jobless girl. Girls can easily run you street and use you , no back bone at all. It is your type that will splash all your savings on a useless girl just to prove you are not stingy and she will still dump you and move on to the next customer after she suck you dry. |
system21:yeah Nigeria military should destroy all sophisticated military gadgets and weapons, they should fight in military camo and boxing gloves instead of Ak47 to prevent terrorists from getting their equipment according to your logic. Even Taliban got their hands on American forces weapons and equipment as sophisticated as US military is, do you know the worth of sophisticated weapons USA left in Afghanistan when they left? It is war and anything can happen in war, enemies will get their hands on your weapons you don't stop equipping better weapons because of that. All you guys do is hide under your bed, wail and make stupid analysis, if you are so capable why don't you go and join the front line ? You guys can only deceive yourselves, you are just afraid Nigerian military would be better equipped to deal with ESN, IPOB and other terrorists in the East. |
SoNature:What is Job without security ? as far as I know security is number one or how can you work without good security? This security challenges is crippling many businesses and sectors and it is contributing to Nigeria unemployment rate in fact we can not attract decent foreign investment if there is no adequate security. |
Nigeria has sharply devalued its currency for the second time in eight months, as the west African country bids to clear up its messy system of exchange rates and attract investment to its flailing economy. The naira has tumbled this week after the methodology used to calculate the official exchange rate was changed, taking the currency closer to the black market rate. The move is widely seen as part of market-friendly reforms being introduced by Bola Tinubu, who became president last May and who shortly afterwards jettisoned the years-long peg instituted by the former central bank chief that had kept the currency artificially high. However, the country still kept an official rate that was well above the freely-traded rate, which made it more expensive for multinational companies wanting to invest in Nigeria. Charlie Robertson, head of macro strategy at asset management firm FIM Partners, said the new methodology could help Nigeria attract more investment as it essentially abolishes the multiple exchange rates that frustrated investors. “It could take months but there could be more dollars swirling around in Nigeria now that the currency is officially very cheap,” Robertson said. FMDQ Group, which calculates the country’s official exchange rate, announced on Friday that it was revising its methodology to “address recent fluctuations and challenges encountered” in Nigeria’s highly volatile foreign exchange market, where the official exchange rate often trailed parallel market values. The publication of exchange rates was suspended that day. The revised exchange rate system, which FMDQ began publishing this week, will ensure that “rates accurately reflect market conditions while upholding price formation and transparency”, the firm said. The currency fell by nearly 40 per cent to 1482.57 to the dollar on the official market on Tuesday and slipped as low as 1,531 on Wednesday, according to FMDQ. That took the naira past N1,475 to the dollar it is trading at on the black market, according to one trader. Nigeria’s central bank on Monday took aim at authorised dealers and their customers, which it said were reporting “inaccurate and misleading information” on their transaction rates, leading to distortions in the official market. “This behaviour is not compliant with the ethical standards associated with a sound financial market, and deliberate attempts to create price distortions by reporting false transaction details amounts to market manipulation which will not be tolerated and will henceforth face sanctions,” the bank said. The naira has plumbed new depths since the peg was removed as a lack of foreign exchange liquidity stalled planned reforms. The central bank owes about $5bn in mature forward contracts to different groups in the Nigerian economy that sold naira to the bank in exchange for dollars. FIM’s Robertson warned that this backlog would have to be resolved and short term interest rates needed to rise significantly to attract portfolio investors. It is a slight improvement on the $7bn the bank owed at the start of the tenure of its new governor Olayemi Cardoso, a former Citigroup executive. The bank has pledged to settle the backlog “within a short time” and said it hopes to fix the “fundamental issues that have hindered the effective operation of the Nigerian foreign-exchange markets”. But sources of dollar inflows into Nigeria remain hard to find. Investment into the country has fallen drastically and crude oil production, from which it earns roughly 90 per cent of its export income, is short of its 1.8mn barrels per day Opec quota. Central bank data shows it has $32.87bn in foreign exchange reserves, although almost $20bn of this was committed to paying off a series of derivatives deals. Investors remain wary of bringing hard currency into the country as dollar shortages have made it difficult for businesses to repatriate revenues to their home countries. Foreign airlines operating in Nigeria last month threatened to strike over their inability to get money out of the country. Dubai-based carrier Emirates suspended its flights to and from Nigeria in 2022 and has yet to return. Nigeria said this week it released $64.4mn of trapped airline funds but the International Air Transport Association said there was still $700mn left to be paid out. Finance minister Wale Edun said in Davos last month that Nigeria is seeking about $1.5bn from the World Bank to ease liquidity concerns. Last year he said the country had a “line of sight” on $10bn in inflows in the country but that has yet to materialise. A scheme that saw the state oil company pledge oil in exchange for dollars from the African Export-Import Bank (Afrexim) netted Nigeria $3bn last month. A senior western diplomat whose country has companies operating in Nigeria told the Financial Times that businesses remain unconvinced by the government’s announcements of potential dollar inflows to ease the pervasive hard currency shortages. On a visit to Nigeria last week, US secretary of state Antony Blinken mentioned that the inability to repatriate capital was an “impediment” to American investors maximising opportunities in Nigeria. https://www.ft.com/content/1729aa7c-3f92-4ff7-9310-c79b5e5cdb84 Cc Mynd44 Nplfmod |
I prefer to be jobless than to be doing a job i have little control over in this Nigeria. |
Why don't you budget your entire earnings for the month ? if you are not trying to impress the girl you know it shouldn't even cost you. I always try to make the first date as cheap as possible to keep away gold diggers and jobless girls. |
Penguin2:Inferiority complex has destroyed your psych You are born to wail lol if there was no Igbo there you would still wail. |
Eunoiaa:let the mod know if he failed to stop |
CHRISTFUCKER:You are a creepy stalker too Everyone have the freedom to go out with whoever they like or is it by force to go out with someone just because they are mentally impair and don't understand when someone don't have the same feelings as them? Imagine your girlfriend having a creepy stalker like that, you will tell her to dump you and go out with him ? or a woman that you find ugly being very crazy and obsessive about you like that, if she stab you or pour hot water on you because she see you with another girl, you deserve it, i hope you experience it to know how it feel. |
Zonefree:They are not saying you shouldn't call but calling and texting 20times a day says you are jobless and desperate and a creepy weirdo. Too much of everything is bad, water and food is essential for the body but it will turn to self harm if you eat or drink too much. |
Most of the Bureau de change operators in Nigeria are just fronting and laundering money for powerful northern politicians. |
500k will be enough lol |
History555:You must not be current with the news and what's 400k barrel going to do for Dangote refinery ? |
All the current networks we have in Nigeria are useless and unreliable especially when it come to internet. Those telling him to switch mustn't really be using internet for heavy browsing and tasks every day. I use all the three networks in Nigeria for heavy browsing every day and they are so unreliable, the network speeds are very slow and can be slower to the extent of frustration and sometimes two network providers may have downtime at the same time. If you are into playing mobile games like COD, Mobile Legends, PES, etc you would know how frustratingly slow Nigeria network can be sometimes. |
Nigeria currently don't have the capacity to supply Dangote Refinery. We have sold off a lot of our crude oil for cheap on future contract because Nigeria was having difficulty selling crude and our politicians need money to loot and just couldn't wait. |
In this photo, Abeokuta celebrated 100 (centenary) years. Photo taken October 1930. Credit: Duckworth E.H.
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Jeyun:yeah typical Fulani slaves you must defend your Fulani masters ![]() |
jeff1993:That's no where close to acting woke, they are just plain stupid and brainwashed. Black men and empty brain if people that made the transformer were like you, we would still be living in darkness without electricity. They sold the religion to you but they know the limit of that religion.
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Zetra7:All these is just in your head nothing true about it and your conspiracy theories. Same way you guys were saying Buhari have used and dump Tinubu and the North would betrayed Tinubu before he became President. You think Tinubu is a kid in politics and don't know what is good for his government ? Someone that became president despite someone like the CBN governor personally working against him, if it wasn't for Emefiele policy i think Tinubu would have polled more votes and floored Peter Obi with more than 10 million votes. All the things that is making you guys think the North is against Tinubu might just be another game by Tinubu to confuse oppositions and people like you. You will think the north is no longer supporting Tinubu and against him but before you wake up to reality he would have strike you again where it hurt ![]() The game plan for 2027 is already in motion, a man like Tinubu always plan ahead, he started the plan to become president like 15 years ago and it was because of that ambition he supported Buhari for 8 years but if you look at it today it would look like he became president effortlessly. You are already losing if you guys keep jumping to conclusion, you will only see what he want you to see because he also want you to think that way. |
gartamanta:You are myopic if you call Abeokuta a glorified village, what are you looking for in Lagos that's not in Abeokuta ? https://www.youtube.com/watch?v=cSM0hkrywmA?si=em98HGSLIcTVPhf8 |
Some people will always be jealous of Lagos success though, that's the current reality, they are always against anything that they perceive will benefit Lagos development. I have been noticing a pattern now, these people are always against any progress in Lagos either infrastructure or policy. They are just bitter and jealous of Lagos, you will see them wailing on behalf of northerners as if they care, same northerners they called cows for 8 years under Buhari |
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