₦airaland Forum

Rashe:
trust me ur brain is too unripe 2 be on social network...grow up kid!!!

tnx its true my brain iss unripe on social media but ripe in labour market cos noww I'm making my cash and u re here socializin , u need it more than me to console ur dirty life. Thanks

socialmediaman:
Even with drop in oil revenue? I laugh. I remember one time an ex-president told workers to prepare for hard times just because he could not control corruption and funds leakages and theft that dwarfed government revenue

d increase is even very poor, cos ntg hav been done in dis country since may 29 even no ministersss so d increase is too poor cos its like our money is in fixed deposit till december. Baba go slow , poor baba y d small increase na wen u neva touch d money b4 nd havnt touch d new one comin in , nawa . Na one chance we dey . Ehe less I forget baba pls I'm misin new pix since dat ur photographer got wedded , plls sack nd probe him nd giv us corruption free photographer for more pix . Ehe baba less I forgot dat ur last pix wit obama is not full but cut also d oda group pix was cropped but dat guy charged all d same amount. Pls probe dat guy nd giv us more pix , we APC fans re misin new pix nd dats y we voted u sir. Thanks my shout out to: barcanista , tmitemi1, firefire, demdem phhocphockman , truckpusher, ishilove (my enemy) , lalasticlala (like him or her ) , seun (not his fan ) ......and others , if I didn't get ur name right pls try and answer name with good spelling nxt time

dayo23:
No way my brother, Everywhere Hard for am. He must go to Jail if found guilty shikenan!

y
Y Sounding like small ppikin? Dis is no,
Nobody
Can take gej cell talk of prison

Come force me comment na

Y ###q

Lordave:
They should just kill this Bastard

because of car maybe bought wit our stolen money

jerro124:
Please someone help on this

get a modem and update you windows online

Rexnegro:
I pity ur bf or hubby. Smh

I'm a rev sis

Nonsense u go cry blood later .mtwwwwwww

babaearly:
You people need to be careful when spreading lies on social media. Because any person can design these with photoshop and start spreading false news on line. There are many crazy people on social media.

Any matter that concerns the government is always a sensitive issue among the masses and people who have no inside knowledge of anything are the ones that make the loudest noise. It is important that in this age of fast information (mostly false and cooked) flying around, we need the promoters of these info to provide solid evidence and proof, documents etc to support their claims. We are old enough for these types of unverified info flying around. Nairaland should please do justice to this request on this regards, to verify info like this before even letting a thread stay on the forum for even five minutes.

wailing W

Wwhat a country

Haa dis noise maker here again , taught dis guy hav gone .......yyyyyyyyyyyy!

What's the score now ?

Cutehector:
3 individuals havn sex togeda... Happy?

haa! Runs out of thread

Cutehector:
lol its not frm me u will hear it.... Ur a good girl, I dnt want u to be bad

hmmm serious, seems thiss one bad ? Ok giv hint

Cutehector:
eva had a 3 some?

no ! Wats dat ?

Nonsense hw did u knw dat d one u killled is d notorious one since u claim dey re over 100.

Cutehector:
r u blind? D op wrote 3 gay men

or nw I see, so pls tel me taught its two for jollly ? Y 3 nw

Two gay nd I'm seeein 3men lie everywhEre

Cutehector:
lol. Urm first, I can see a donkey teeth
Cmon I mean ur real smile...

lol u re right cos I suspected I saw a chimpanzee den

Cutehector:
may I see that smile

hw do I look?

dunkem21:
Lol. Sim pack kwa?

hahahhahahahah yes ooooooo. Bubu didn't even present sim pack self

Cutehector:
and Buhari too...

smiles

Jollyjoy:
There is absolutely nothing you can do about it but come to think of it,yes he does not have a certificate but he seems to be better off than our formal president,more intellegent, courageous and outstanding... Cant you see??

I go wit u den stop disturbing saraki cos we also bliv he is doing beta dan david M

dunkem21:
Let them go to court and sleep there ..

..Even if Saraki has a NEPA bill, we will still revere him as our Senate President!

I go wit u even if its mtn sim pack , he is still our senate president

Cutehector:
Op, wen God says yes, nobody can say no...

Capisce

yes God is wit saraki

I was fumed in the night when I saw this post
www.nairaland.com/2507914/nigerias-senate-president-saraki-lied#36690165

Believe me I think its time to let our political positions stand out in constitution as position without any qualification.

Why , because our president buhari have no single qualification on paper. Even when he tried to forge waec, bribe INEC in which the later worked. JEGA is one of the most political criminal in Nigeria.

Finally if our president cannot provide his qualifications on paper originally please no body should talk about qualification in political position again.

For those idiotic thinkers that will come here to remind me of his classmate at US army let me tell you. For example I went to two different secondary school but got my waec from one but still member of old student in both, mean I can snap and present those people as my classmate.
Source: the queen

Nonsense when our president refuse to show us his certificate.

skyface00:
Try 2 be more sensitive and borrow little brain, though surprised a woman talking like dis, hope u don't grow old with dis kind of mentally because u going 2 be a mother if u are not one now

at d end u didn't mak sense , taught u re tryin to prove me wrong , nope but u decide engage on barkin

Hia! I jus log in now on nairaland , d first tin I saw is bad news nd so many others . Bliv me dis is no joke , since buhari enta dat seat na so so bad news everywhere . Hope all is well. Well I and my family and my friends are for eVer for good news amen

barcanista:
Is the value of the Naira really appreciating in the real sense or the CBN and the FG are playing pranks on Nigerians? Why are commodities still high in the market?

Ideal Situation
Ideally, customers operating domiciliary accounts will go to the banks, deposit their dollar and through that account they do whatever transaction that they deem necessary. The Banks inturn will take the dollars(and other foreign currencies) to the CBN.

The Buhari/Emefiele Situation
1. The CBN has stopped receiving dollars from banks, as a result the banks has stopped accepting dollars at the counter because their vaults are full.

2. Because of the restriction at 1(above) the demand for dollar reduces in the BDC. The BDCs seek every means to trade the currency including reducing the cost at the black market. The CBN will go to the press to scream "NAIRA IS APPRECIATING."

3. As a result of 1(above) the banks also refuse to request dollars from the CBN's foreign exchange reserve. The CBN will then come out to scream "RESERVE IS GROWING".

Is that the best way to manage the naira?

Salient Question and Effects:
1. What happens to a businessmen with domiciliary account seeking to deposit dollars and transfer to their partners abroad after buying the dollar from BDC or Bank?

2. The bank's refusal to accept dollar deposit means business transaction on that will be halted. Because no domiciliary account holder will be willing to withdraw from his account when he knows that he won't be able to make further deposit due to the CBN's policy except if his intention is solely for converting the dollar to naira for local transaction.

3. Instead of doing transactions from domiciliary account, businessmen will be left with no choice but to operate domiciliary account in neighbouring countries where they will be making transactions or resort to wiring money via Western Union in neighboring country.

4. As a result of 3(above) the cost of commodities will go UP because businesses will make up for the extra expenses. Also, that will mean reduction in business activities in the banks.

5. Should the above persist it will get to a certain point where there will be scarcity of the dollar in the market. When it get to that point, the dollar rate is astronomically shooooooot up in the market because demand will outweigh supply. At this point, the naira problem will be worse than it was.

Is The Naira Really Appreciating?
Make no mistake, the naira-dollar rate is yet to appreciate in the international market. As at May 29 the naira/$ rate was N199 in the market. The rate as at today Aug 5, 2015 is still N199. You can't appreciate a currency via the backdoor. Even the black market rate cannot be regulated through the back door.

What "Sane" Countries Does:
The CBN Governor Godwin Emefiele made it look like one can't deposit foreign currencies in cash in another country. This is contrary to the facts on ground. No country will shut down foreign currencies transactions in banks. Let me give two instances...

On February 27, 2015, the Central Bank of Egypt instituted a new policy to help the Egyptian pound. As part of the policy, Individuals and businesses are allowed a maximum of $10,000(or equivalent) deposit daily and $50,000(or equivalent) monthly. The measure would stop companies from buying large amounts of dollars from the black market and then depositing them briefly in banks in order to open letters of credit for imports.

In China the maximum daily deposit/withdrawal of foreign currencies is $10,000(or equivalent).

Is it not better to place a transactional limit for foreign currencies than discourage deposit completely(that will solve nothing)?
We don't produce, we import, we have no policy to promote local production nor infrastructures in place toencourage manufacturers, yet we expect the naira to appreciate. That is no done anywhere.


I will be glad to get the views of others.


God Bless Us All

I love this guy , he sabi book wella , not dat APCs wailers

INTROVERT:
3rd time this night

go carry cup na , mtwwww

SW ok ooo