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Technology Market / Find Great Deals On LED Tvs by saleskara: 10:01am On Jan 22, 2016 |
Shop LED TVs & LCD TVs at #KaraNigeria, featuring ultra-slim panels, rich colors and remarkable clarity. Find great deals on LED TVs HERE==>http://www.kara.com.ng/led-tv?p=2 Call: 012911081,07044913736 to Order Now!
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Business / Re: Why Do Our Bank Charges Us N301 While Cbn Sell For Them At N199 Per Dollar by saleskara: 3:36pm On Jan 21, 2016 |
this is a paper that recommends steps the CBN shoudl take to avoid pain on the masses but ensure order in the forex market by introducing the inter bank forex market were the prices are deregulated http://therenaissanceng.com/naira-devaluation-emefieles-battle-to-save-nigerian-economy the steps are below CBN needs to unlock the supply side of the foreign currency and this may happen in many ways. My recommended approach is the creation of a multi-tier foreign exchange market. Retain the existing official exchange rate for only special government projects and place a limit of the availability based on authorized budget needs for foreign debt servicing ad payment for existing dollar denominated transactions and funding of the petroleum imports (excluding diesel and kerosene). The reason for keeping this official rate is to control the price of imported petrol which usually leads to inflation whenever a price increase in announced. Create the Interbank foreign exchange market with autonomous suppliers of the foreign currency. This would allow the forces of demand and supply determine the price of the Naira at an unregulated market. The CBN cannot continue to defend the Naira because the US dollar has grown stronger against many international currencies such as the Great British Pound (GBP) that has lost over 4% of its value in January 2016 alone. Boost local production capacity through power generation, establishment of new refineries reducing our need for importation of refined products and fertilizers, human capacity to reduce outflows due to need to seek medical attention overseas, pay software development companies when local developers can take care of most software needs, raw materials research and development, equipment fabrication and development of transport infrastructure. Bevista: |
Business / Re: Why Do Our Bank Charges Us N301 While Cbn Sell For Them At N199 Per Dollar by saleskara: 3:24pm On Jan 21, 2016 |
This could be due to the principle of seeking undue advantage of the inability of teh CBN to regulate how the dollar is managed by the banks and other institutions that buy dollar at the official rate. The Central Bank needs to start monitoring the utilization of the forex allocated and publish weekly the list of all beneficiary banks and businesses. This article says more about steps to fix the dollar to naira valuation http://therenaissanceng.com/naira-devaluation-emefieles-battle-to-save-nigerian-economy Yet Emefiele devalued the currency twice in the twilight of Goodluck Jonathan’s administration. Then I decided to look into the merits and demerits of the approach by the CBN governor in keeping with the wishes of PMB that Naira should be strong. How does he go about taming the hawks running after the chick (Naira)? No doubt some would gain from a devaluation of the Naira against the USD while others would lose. Why devalue the Naira? The most common arguments are the forces of demand and supply. Many authors claim that the supply of the dollar is too low due to crude oil prices and our ability to build our foreign reserves when the crude oil prices were as high as $140. So the story keeps going on around the supply side of the equation with little or no consideration for the demand side. So what is happening on the demand side? The demand for US dollar in Nigeria is putting pressure on the Naira and our foreign reserves, thereby depleting the reserves faster than we are able to replenish it. So the CBN decided to reduce its supply of forex to the market by removing some items from the list of products eligible for funding through the official forex window also known as Wholesale Dutch Auction System (WDAS). Immediately this was announced the importers shifted to the Bureau De Change (BDC) for their dollar demand. So the demand advocates want to survive by relying on the BDCs and the BDCs saw a surge in demand with little supply causing the first major pressure that led to Naira selling at above N230 and the upward trend for dollar demand continues. One interesting point in this period was that the demand started to drop as the appetite for imported goods started to drop but with minimal effect on the foreign reserves since the crude oil prices also kept dropping. So CBN acted the second time by preventing banks from accepting dollar deposits, this resulted in the next supply shock and uncertainty in the parallel forex market pushing the USD to Naira rate to approximately N270. Does this mean that the demand for dollar would keep going up? The most recent action by the CBN in January 2016 made the most recent jump to N300. My answer is Yes, every pronouncement by the CBN has only succeeded in fueling an increase in the demand of the dollar at the parallel market. The reason for the decline is the anticipated official devaluation; every announcement shows the CBN is desperate to curb the demand. This action is a signal to rent seekers, prospective hoarders who feel they may need dollar anytime soon and currency speculators to continue to convert all spare naira cash to US dollars. If I bought dollar when it was N220 and sell now that is N300 I don’t need to import to make a margin of N80 or 36% through the devaluation of the Naira at the Black Market. Who is CBN selling the scarce dollars to? Why do some business men have a right to buy dollar at N197 (dollar subsidy) while every other business buys at N300. In recent times, many companies who buy dollar at official rate come to the market to claim that dollar is affecting them so they calculate sales based on N300. CBN cannot control what the recipients of dollars at N197 do when the product gets to Nigeria. So the artificial demand for dollar and the traditional forex round tripping (where people buy at official rate, get some extra dollars at the official rate and sell the extra to the parallel market for profit) CBN needs to introduce transparency by providing the details of all beneficiaries of the sale of USD N197 since May 29, 2015 for public scrutiny. This should show details of the purpose of the transactions. What is happening at the supply side? http://therenaissanceng.com/naira-devaluation-emefieles-battle-to-save-nigerian-economy wealthprod: 13 Likes 5 Shares |
Politics / Re: An Open Letter To The Gullible Nigerian Youths by saleskara: 3:10pm On Jan 21, 2016 |
This article provides some insight about the dollar versus naira. I have read many articles on the need for the Federal government to devalue the Naira in the administration of President Muhammadu Buhari (PMB), yet the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, has failed to act on the advice from the public and International Monetary fund (IMF). Yet Emefiele devalued the currency twice in the twilight of Goodluck Jonathan’s administration. Then I decided to look into the merits and demerits of the approach by the CBN governor in keeping with the wishes of PMB that Naira should be strong. How does he go about taming the hawks running after the chick (Naira)? No doubt some would gain from a devaluation of the Naira against the USD while others would lose. Why devalue the Naira? The most common arguments are the forces of demand and supply. Many authors claim that the supply of the dollar is too low due to crude oil prices and our ability to build our foreign reserves when the crude oil prices were as high as $140. So the story keeps going on around the supply side of the equation with little or no consideration for the demand side. So what is happening on the demand side? The demand for US dollar in Nigeria is putting pressure on the Naira and our foreign reserves, thereby depleting the reserves faster than we are able to replenish it. So the CBN decided to reduce its supply of forex to the market by removing some items from the list of products eligible for funding through the official forex window also known as Wholesale Dutch Auction System (WDAS). Immediately this was announced the importers shifted to the Bureau De Change (BDC) for their dollar demand. So the demand advocates want to survive by relying on the BDCs and the BDCs saw a surge in demand with little supply causing the first major pressure that led to Naira selling at above N230 and the upward trend for dollar demand continues. One interesting point in this period was that the demand started to drop as the appetite for imported goods started to drop but with minimal effect on the foreign reserves since the crude oil prices also kept dropping. So CBN acted the second time by preventing banks from accepting dollar deposits, this resulted in the next supply shock and uncertainty in the parallel forex market pushing the USD to Naira rate to approximately N270. Does this mean that the demand for dollar would keep going up? The most recent action by the CBN in January 2016 made the most recent jump to N300. My answer is Yes, every pronouncement by the CBN has only succeeded in fueling an increase in the demand of the dollar at the parallel market. The reason for the decline is the anticipated official devaluation; every announcement shows the CBN is desperate to curb the demand. This action is a signal to rent seekers, prospective hoarders who feel they may need dollar anytime soon and currency speculators to continue to convert all spare naira cash to US dollars. If I bought dollar when it was N220 and sell now that is N300 I don’t need to import to make a margin of N80 or 36% through the devaluation of the Naira at the Black Market. Who is CBN selling the scarce dollars to? Why do some business men have a right to buy dollar at N197 (dollar subsidy) while every other business buys at N300. In recent times, many companies who buy dollar at official rate come to the market to claim that dollar is affecting them so they calculate sales based on N300. CBN cannot control what the recipients of dollars at N197 do when the product gets to Nigeria. So the artificial demand for dollar and the traditional forex round tripping (where people buy at official rate, get some extra dollars at the official rate and sell the extra to the parallel market for profit) CBN needs to introduce transparency by providing the details of all beneficiaries of the sale of USD N197 since May 29, 2015 for public scrutiny. This should show details of the purpose of the transactions. What is happening at the supply side? http://therenaissanceng.com/naira-devaluation-emefieles-battle-to-save-nigerian-economy kingzizzy: 1 Like |
Technology Market / Twitter Experiencing Serious Breakdown by saleskara: 12:45pm On Jan 19, 2016 |
Twitter has been experiencing serious breakdown worldwide today and it has lasted more than an hour now, with the homepage reading a rather specific error report. “Something’s technically wrong”, though it’s good to know that the company is working to fix it. Access to the service began failing over the web, mobile and its API (application programming interface, the system that applications use to speak to the Twitter service) at 8:20am GMT, with error messages warning the network is both “over capacity” and suffering an “internal error”. By 10:00am, the majority of the service had returned to some semblance of normality, with the company’s image handling service and home timelines still suffering. To read more visit==>http://blog.kara.com.ng/twitter-experiencing-serious-disruption/ |
Technology Market / Where To Get Top Quality Generators Of All The Best Brands by saleskara: 11:13am On Jan 19, 2016 |
Get Top Quality Generators Of All The Best Brands HERE==>http:///bfwvGx Call: 012911081,07044913736 to Order Now
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Technology Market / Where To Buy Your Gadgets At Best Price by saleskara: 12:09pm On Jan 15, 2016 |
best price on home appliances#KaraNigeria is a great place to buy your gadgets, online. Here are three amazing reasons. 1. You get Ultra-fast delivery 2. You get cheap prices 3. Great customer service What are you waiting for? visit www.kara.com.ng to buy your gadgets at affordable prices compared to other stores 1 Share
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Technology Market / Learn How To Avoid Car Theft And Keep Your Car Safe by saleskara: 11:05am On Jan 14, 2016 |
Learn how to avoid car theft and keep your car safe HERE==>http://blog.kara.com.ng/gps-car-tracker-solution-to-car-theft-in-nigeria/ |
Jobs/Vacancies / Re: Urgent Vacancy In Lagos : Content Writer/product Uploader by saleskara: 4:05pm On Jan 13, 2016 |
Apply Now! |
Jobs/Vacancies / Urgent Vacancy In Lagos : Content Writer/product Uploader by saleskara: 3:00pm On Jan 13, 2016 |
There is an urgent need for content writer/product Uploader to work in a growing eCommerce company in Lagos. Our ideal candidate is a creative, collaborative, flexible multi-tasker with impeccable attention to detail, exceptional grammar, research, copy-editing, and organizational skills. A knowledge of Phones, Home Appliances, Electronics,Inverter, Generators and more a strong plus. Our ideal candidate must be committed to (and love) writing product copy and uploading products online. Responsibilities - Upload product imagery,price and copy online independently with product marketing and ensure competitive merchandising. - Support the development of dynamic web content through project and production management, online content calendar, search optimization and maintenance of brand guidelines and standards. - Interacting with buying team to verify product information and help shape sale point of view. - Creating on-brand product copy and ensure integrity and functionality of all site content and engagement tools. - Taking the ownership of other tasks assigned. Skills & Requirements: - OND in any field (or comparable work experience). - Exceptional writing, grammar, research, and copy-editing skills. - Excellent communication, organizational and problem-solving skills. - 0-1 year of comparable online copywriting experience, direct marketing, promotion or publishing, preferably with a background in retail. - Familiarity with Excel and knowledge of internet technology, Ability to use photo editing/graphics software(Photoshop). - The ability to multi-task, and to work both independently and as part of a team in a fast paced environment. Salary - Monthly salary between 25,000 to 35,000 Naira. - Monthly bonus based on your performance. - Ability to earn bonus from team sales target on monthly basis. Benefits We offer competitive pay,benefits and in- house training to learn more on the job. Application closing date : 16th January 2016. Resumption date for Successful candidate: 19th January 2016. Send your CV to : royalcoastmedia@gmail.com |
Technology Market / Features To Check When Buying Computer Laptop by saleskara: 12:11pm On Jan 12, 2016 |
Here are some points to check when looking at laptops for sale==>http://blog.kara.com.ng/features-to-check-when-buying-computer-laptop/
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Technology Market / More Fact About Apple Iphone 6 by saleskara: 10:25am On Jan 12, 2016 |
Know more fact about Apple iphone 6 HERE==>http:///JvtU2I
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Phones / Re: Tecno Camon C8 Discussion Thread [HOT] by saleskara: 4:59am On Dec 21, 2015 |
price as at today is N29,499 http://www.kara.com.ng/tecno-camon-c8-smart-phone guydangerous: |
Science/Technology / Re: How To Create A Locally Made Inverter With Ease by saleskara: 10:33pm On Dec 20, 2015 |
There are multiple categories of Luminous inverters that support the solar installation. It starts from 1.5KVA and we have other luminous inverter[url] http://www.kara.com.ng/luminous-power-inverters models [/url] [quote author=bobojoshua post=40867757][/quote] |
Technology Market / The Much Awaited Infinix Hot Note 2 Is Now Available At Best Price Here by saleskara: 3:36pm On Dec 18, 2015 |
This much awaited Infinix Hot Note 2 posses an impressive octa-core processor for heavy duty processing. Buy Infinix Hot 2 HERE==> http:///nEeg9R Call: 012911081,07044913736 to Order Now!
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Phones / Re: Updated Hands on review of the innjoo Max 2 **pics** by saleskara: 10:08pm On Dec 12, 2015 |
the most recent price of the product is N23,400 for update you may check http://www.kara.com.ng/tecno-j7-boom-smartphone Donpuffy: |
Family / Re: Prices Of These Electronics by saleskara: 10:02am On Dec 12, 2015 |
this is the latest information on LG freezer prices http://www.kara.com.ng/index.php/lg-refrigerator-and-freezer bebe2: |
Computers / Re: Connecting Mtn Hynet To A D-link Router by saleskara: 9:49am On Dec 12, 2015 |
D-link switches are great. They have released new models http://www.kara.com.ng/d_link rexfada: |
Food / Re: Pls Who Uses Nexus Gas Cooker by saleskara: 1:46pm On Dec 10, 2015 |
You may contact us at kara esales@kara.com.ng and we can link you up to the distributor to help you get a copy of the manual http://www.kara.com.ng/cooker busolayemi: |
Technology Market / Enjoy Cyber Monday 2015 On Kara Nigeria by saleskara: 12:23pm On Nov 30, 2015 |
Shop Cyber Monday deals and sales at #karacybermondaydeals and save on mobile phones, electronics, home appliances & more at prices you will love today.
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Technology Market / Bumper Sales On Black Friday Deals Is Still HERE by saleskara: 7:06pm On Nov 27, 2015 |
Bumper Sales on Black Friday Deals is still HERE==>www.kara.com.ng Enjoy the Craziest Deal of the Year.
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Webmasters / Re: Domain Name Business; The Easiest & The Most Profitable Online Venture by saleskara: 10:31am On Nov 27, 2015 |
try Kara bumper sales for black friday deals http://www.kara.com.ng/bumper-sales Generalkorex: |
Technology Market / Securing Your Vehicle With Tramigo T23 GPS/GSM Car Tracker by saleskara: 2:55pm On Nov 25, 2015 |
Start tracking your car or company fleet vehicles today with Tramigo T23 GPS/GSM Car Tracker Shop for the best car tracking device at affordable prices HERE ==>http://www.kara.com.ng/tramigo-car-tracker-t23 Call: 012911081,07044913736 to Order Now!
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Technology Market / Re: Brand New Cisco 2960, 24 Port Switch For Sale!!! (picx) by saleskara: 9:13am On Nov 20, 2015 |
blaze007:price of Cisco Poe Switch starts from N125,000 you can check this @ http://www.kara.com.ng/cisco-poe-switch-with-gigabit-uplink-sf300-24p-24-port |
Phones / Re: Tecno Driopad by saleskara: 9:06am On Nov 20, 2015 |
The price of Tecno Droipad 7 has recently changed to N21,000 http://www.kara.com.ng/tecno-droipad-7c while the Tecno Droipad 8 is N30,000. http://www.kara.com.ng/tecno-8h-tablet I am posting the links at the price may change. romeoetin: |
Technology Market / Buy Best Car Tracking Device At Affordable Prices by saleskara: 7:14pm On Nov 17, 2015 |
Check out Tramigo's T23 tracking device series for fleet management, vehicle security and for tracking applications. Shop for the best car tracking device at affordable prices HERE ==>http://www.kara.com.ng/tramigo-car-tracker-t23 Call: 012911081,07044913736 to Order Now!
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Technology Market / Get Better Price On Tecno Camon C8 by saleskara: 6:13pm On Nov 16, 2015 |
Tecno Camon C8 is the most amazing Smartphone ever from Tecno Mobile. Get Better Price on Tecno Camon C8 HERE===>http:///yg0DFy Call: 012911081,07044913736 to Order Now!
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Technology Market / Buy Your Home Appliances Online With Us At Amazing Discounts And Best Price by saleskara: 3:02pm On Nov 11, 2015 |
#karaNigeria is the online store where the best deals are found, and where the big online sales are on? Better prices than in your local store and other online shopping site! Buy your home appliances online with us at amazing discounts and best price HERE==>http:///5DofSu
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Technology Market / Buy Washing Machines At Best Prices by saleskara: 2:14pm On Nov 10, 2015 |
Looking for a new washing machine? We have top loaders, front loaders & combo washer-dryers from the best brands. Buy Washing Machines at best prices HERE==>http:///WXq6EJ Call: 012911081,07044913736 to Order Now!
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Technology Market / Best Power Inverter And Deep Cycle Batteries In Nigeria by saleskara: 11:23am On Nov 10, 2015 |
We offer some of the best power inverter and deep cycle batteries that you'll find in the Nigerian market. Buy Power inverter at best prices HERE==> http:///b4Fbgc Call: 012911081,07044913736 to Order Now!
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Phones / Re: Infinix Hot Note Pro by saleskara: 8:05am On Nov 10, 2015 |
infinix hote note pro delivers on its promise. We also sell them online at Kara http://www.kara.com.ng/infinix-hot-note-pro-smartphone Jhonnyboy: |
Computers / Re: Inverter Users : Lets Have Your Experience by saleskara: 10:03pm On Nov 09, 2015 |
Jinling is becoming very popular, Noise can be disturbing but there is a compensation in the fuel consumption. Jinling generators are now available for sale on Kara website. We currently have two models of Jinling generators. 2.3KVa @ N51,800 and 2.8KVa @N57,500 further update can be seen at Kara http://www.kara.com.ng/jinling-generators seal777: |
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