₦airaland Forum

Russi:
i wish you understood how much IOCs hate dealing with the Nigerian government. NNPC/Nigeria hardly ever fulfils their part of any deal. THEY ALL WANT TO LEAVE, MANY ARE TRAPPED. THOSE REMAINING DEEPLY CORRUPT LOCAL MANAGMENT. For FDIi its over

why will dey not leave..are we special? or is our oil different from angola oil? na angola dem dey go

d real issue wey dey on grand no one dey talk be dat our politicials be thief
na dem dey hoard d dollars inside swiss bank inside dem matress
efcc na their own pet dog so where is where we b

you are a very dangerour person.
most likely you are an illetrate peson.
everything you mentioned is a joke. if implemented, will officially turn us to mumu country.

UncleAyo:
World's Top Performing Currency and Insight for Naira

* Government/CBN should stop the printing 500 NGN notes and 1,000 NGN notes (the use of #200 note should be sparingly) and officially discontinue the use of these currencies!

* Reintroduction of Nigeria coins, 50Kobo, 1 NGN and 2 NGN.

* Focus should be on Local Business and not call for foreign investment; as foreigner will eventually and continually repatriate their profits in USD. (learning from what is happening in China)



Welcome, lets get started by examining the top 10 performing currencies in the world to gain necessary insights before drawing our conclusions.

*.Kuwait Dinar KWD: ( 1 KWD = 4,920.49 NGN )
Bank notes: 1/4, 1/2, 1, 5, 10, 20 Dinars -------------- Highest denomination == 20 Dinars; Coins == Yes
Coins: 5, 10, 20, 50, 100, 200 Fils


*.Bahraini Dinar BHD: ( 1 BHD = 4,021.64 NGN )
Bank note: BD 1/2, BD 1, BD 5, BD 10, BD 20 --------------- Highest denomination == BD 20; Coins == Yes
Coins: 5, 10, 25, 50, 100 Fils, BD 1/2


*.Omani Rial OMR: ( 1 OMR = 3,937.77 NGN )
Bank note: 1/2, 1, 5, 10, 20, 50 Rials --------------- Highest denomination == 50 Rials; Coin == Yes
Coin: 50, 10, 20, 50, 100 baisa and rarely used 200 biasa


*.Jordanian Dinar JDD: ( 1 JDD = 507,65070 NGN )
Bank notes: 1, 5, 10, 20, 50, Dinars ------------------- Highest denomination == 50 Dinars; Coin == Yes
Coins: 1/2, 1, quirsh, 21/2, 5, 10 Piastras


*.British Pound GBP: ( 1 GBP = 2,135.49 NGN )
Bank notes: €5, €10, €20, €50 ----------------------- Highest denomination == €50; Coin == Yes
Coins: 1P, 2P, 5P, 10P, 50P, €1, €2


*.Caymanian dollar KYD: ( 1 KYD = 1,815.81 NGN )
Bank notes: 1, 5, 10, 25, 50, 100 Dollars ------------------- Highest denomination == 100 Dollars; Coin == Yes
Coin: 1, 5, 10, 25 Cents


*.Euro EUR: ( 1 EUR = 1,631.43 NGN )
Bank notes: €5, €10, €20, €50, €100, and €200 --------------- Highest denomination == €200; Coin == Yes


*.Swiss Franc CHF: ( 1 CHF = 1,719.44 NGN )
Bank note: 10, 20, 50, 100, 200, 1000 francs ------------------- Highest denomination == 200 francs; Coin == Yes
Coins: 5, 10 and 20 Rp/cts, 1/2, 1, 2 and 5 Fracs


*.United State dollar USD: ( 1 USD = 1600 NGN )
Bank note: $1, $2, $5, $10, $20, $50, $100 ----------------- Highest denomination == $100; Coin == Yes
Coins: 1C, 5C, 10C, $1/4, $1/2, $1.




Go back to the list once again and check what's the highest denominations of each currency (and population of users of each currency), You will discover that the top performing currencies do not have high face value like we have 500 NGN and 1,000 NGN in Nigeria.

Also, you will notice that the top performing currencies have coins form of currency with denomination of very low face value.


The highest of the denomination is 1000 Franc followed by 500 EUR. 1000 Franc is not in frequent use and the highest Franc denomination next to it is 200 Frank ( not like 500 NGN as we have here in nigeria ). Also the use of 500 EUR was discontinue in year 2018.

Get a hold on history of exchange rate in Nigerian, you will find out that every introduction of new high (face value) denomination currency note has adverse effect on exchange rate.


Why High Denominational Currency Note Is Bad:
1. Increase in prints of currency notes with high face value e.g 1000 NGN makes other lower currency of less important and less useful. This can gradually lead to upgrade of price of goods and services in market.

2. It makes stealing, looting and hoarding of cash easier as larger amount of money value can be packed into a very small space.


3. 500 NGN and 1000 NGN are no money for the common man, go to the market and examine what denomination are most in use.

4. It's in a way opposing the cashless policy by the federal government of Nigeria.


What The Wise Nations Did:
1. United State of Ameria used to have $500, $1000, $2000 currency notes until December 14, 1945, when the high denominational bills were last printed and officially discontinued on July 14, 1969 by the Federal Reserve System.

2. Europian Central Bank announced on 4 May, 2016 that it would phase out the 500 Euro notes by the end of 2018.



Other Factors That May Affect The Exchange Rate Of A Currency Include:
1. Ratio of goods/services importation to exportation

2. Availability of currency and number of complying users.

The Illegal illegal printing of currency by the CBN according to as reported by some news media outlets has a long way to desctroy value on our cash.

3. Inflation rate

4. Government debts and federal reserve.

5. Political policies and stability

6. And many more



My Recomendations:
Nigerian government should permanently discontinue and remove 500 NGN and 1,000 NGN currency notes from circulation. Reintroduction of 50 Kobo, 1 NGN and 2 NGN coins should also be done.

A government fighting corruption will yield to this advice as abundance of lower denomination currency will discourage looters from hoarding and keeping cash in a safe instead of bank.

Caveat emptor:
This writeup is a personal opinion resulting from my many observations. It is not a scholarly work and should not be treated as one. Copy-and-paste bloggers should please reference the link and author of the article.




TOP PERFORMING CURRENCY (UPDATED CONVERSION RATEs)

1. Kuwaiti dinar (KWD)
The Kuwaiti dinar is the strongest currency in the world with 1 Kuwaiti dinar buying 3.26 US dollars (or, put another way, US$1 equals 0.31 Kuwaiti dinars).

Kuwait is located between Saudi Arabia and Iraq, earning much of its wealth from being a leading global exporter of oil. The Kuwaiti dinar was introduced in the 1960s and was initially pegged to the British pound before being re-pegged to an undisclosed basket of currencies.

2. Bahraini dinar (BHD)
The Bahraini dinar is the second strongest currency in the world with 1 Bahraini dinar buying 2.65 US dollars (or US$1 equals 0.38 Bahraini dinars).

Bahrain is an island nation in the Persian Gulf off the coast of Saudi Arabia. Like Kuwait, the country earns much of its wealth from oil and gas exports. The Bahraini dinar entered circulation in 1965 and is pegged to the US dollar.

3. Omani rial (OMR)
The Omani rial is the third strongest currency in the world with 1 Omani rial buying 2.60 US dollars (or US$1 equals 0.38 Omani rial).

Oman sits between the United Arab Emirates and Yemen at the tip of the Arabian peninsula. As with its other wealthy neighbours, Oman is a major exporter of oil and gas. The Omani rial was introduced in the 1970s and is pegged to the US dollar.

4. Jordanian dinar (JOD)
The Jordanian dinar is the fourth strongest currency in the world with 1 Jordanian dinar buying 1.41 US dollars (or US$1 equals 0.71 Jordanian dinar).

Jordan is largely land-locked country in the Middle East. Jordan is less dependent on oil and gas exports than its neighbours and has struggled with sluggish economic growth and rising debt. The Jordanian dinar entered circulation in 1950 and is pegged to the US dollar.

5. British pound (GBP)
The British pound is the fifth strongest currency in the world with 1 British pound buying 1.28 US dollars (or US$1 equals 0.78 British pounds).

Britain is the sixth largest country by Gross Domestic Product (GDP), according to the World Bank. The pound was first introduced in the 1400s before being decimalised in 1971. It is free-floating and thus not pegged to other currencies.

5. (Tie) Gibraltar pound (GIP)
The Gibraltar pound is the joint fifth strongest currency in the world with 1 Gibraltar pound buying 1.28 US dollars (or US$1 equals 0.78 Gibraltar pounds).

Gibraltar is located at the southern tip of Spain and is officially a British territory. The Gibraltar pound was first introduced in the 1920s and is pegged to the British pound (at par, meaning that one GIP equals one GBP).

6. Cayman Islands dollar (KYD)
The Cayman Islands dollar is the sixth-strongest currency in the world with 1 Cayman Islands dollar buying 1.20 US dollars (or US$1 equals 0.83 Cayman Islands dollars).

The Cayman Islands is a British territory in the Caribbean and is an offshore financial centre. The Cayman Islands dollar was first introduced in the 1970s and is pegged to the US dollar.

7. Swiss franc (CHF)
The Swiss franc is the seventh strongest currency in the world with 1 Swiss franc buying 1.15 US dollars (or US$1 equals 0.87 Swiss francs).

The Swiss franc is the official legal tender of Switzerland and Liechtenstein and is seen as a safe haven due to Switzerland’s political stability. The Swiss franc was introduced in 1850 and was later briefly pegged to the Euro before moving to a free-float.

8. Euro (EUR)
The Euro is the eighth strongest currency in the world with 1 Euro buying 1.10 US dollars (or US$1 equals 0.91 euros).

The Euro is the official currency of the Eurozone, being 20 out of the 27 countries that form part of the European Union. The physical currency entered circulation in 2002 and is free-floating.

Related: Euro to AUD forecast

10. US dollar (USD)
The US dollar is the 10th strongest currency in the world, worth exactly 1 against itself. All other units of currency across the globe are worth less than a US dollar.

Created in the 1700s, the US dollar is legal tender in the USA, other US territories and sovereign nations including Ecuador and Zimbabwe.

The US is the world’s largest economy by GDP and the US dollar is by far the most-traded currency globally.

The US dollar is also the largest reserve currency in the world (the currency most held by central banks) and is the currency used to price many commodities, including oil, gold and copper.
https://www.forbes.com/advisor/au/investing/currencies/top-10-strongest-currencies-in-the-world/


My piece of contribution.

Omo see long tory wey no get body

TA means only one tin to a real jigga

T- Tits
A- Ass


I love TA

TA for life.


Continue postin long long tins

Come tomorrow the feast Dey begin for wan do do.

U go still B hia - postin lobbish

Dey yan tantaliza…LOL dem Dey list 4 d exchange ? Nawao side by side my oando

Let me tell u one tru tory
D cronicles of D tantaliza


Dose days when AP filling station still Dey for Lekki admirality one tantaliza dey for dat fillin station…

Used to collect long bjs from dem fine college babes outside for tantaliza chiken rice dose days on d regular…chai na tantaliza i promise dem o. D deal was sweet once i hit it it was a saga my guys I Dey call am d chronicles of d tantaliza.

Dat one parking spot for d end one grey benz d always park 4 Dere wit shaded window…givin dem d mayo on d regular P.

Omo na serious sucking wey u dey watch on films.

Tantaliza get my respect 4 lyf

Even Dere plantain d babes go take am carry go on d side.

Cool down wid one cold Fanta.

Na status symbol dat place d o 4 Lekki AP filling station dose days

Promise I go buy 100 million units once my oando don hit

Hell maybe I go buy d place if e still Dey dere

Dis life enn


Some ppl dey chop am some dey choose to type long tins daily come confuse pikin investors make am buy tantaliza toks…na bj u go give for outside one day if u buy am

nice one
unkle come push dis in-wastement one
na true dem get some babes dat like to swalow sef

Locotrader:
When you are profiled to direct market access @ investment one, you can place your order at any time and cancel order at any time during trading hours.

Orders that are partially filled can't be cancelled until the trading is over.Any order placed at a price limit but not yet filled can be cancelled.

Investment one may not be among the best stock firms in Nigeria but I like their customer services, and their automated deposit and withdrawals which one can do without any follow up call.

Secondly, investment one app has a wallet account where you can deposit the proceeds of your stock sales and it will earn you 6% per anum and interest paid to your wallet account at the end of 30 days.

What the original poster posted is not true.
Emmasoft has even responded to him accordingly.

Note: once you open a new account, automatically you are not a DMA client. What you will do is to tell them you want to have a direct market access(DMA) if not your orders will only be submitted and the broker will pick your order and you can only cancel your order from 4pm to 7pm.That may be the case of the original poster and your's.

Thank you

anyway back 2 the oando matter thar concern real jigga liek me
come monday d smoke go clear
na billions i go chop with my likes
you gon still b here writing long tins
you neva seen me for 2 months cause i dey wait like d lion dat wait 4 d food to arrive
now d time to chop don arrive
and chop we will. my types dat like to begin to chop from d yansh sef

omo na correct tin u dey yan
na so
all dem wey dem call start-up get office in nyc come raise VC dollar. 9ja neva receive 1 cent inside dat mony.
real cromms dem start up gangs.
make e go check if like na so en b

ttmax09:
The bolded is a big issue, imagine a Nigerian company having it's offices in New York, all in the name of attracting VC fundings, another issue is binance and co, most people now quote rates based on binance, even the aboki selling dollars on the street.

someone dey do d job 4 me o

emmanuelewumi:
Some of the people attacking you are aware of this very old trick and they also use it to deceive the gullible into illiquid stocks

so afta ruining ppl portfolio wid ur nincumpoo calls

hope d dey happy sha


god will judge you


ppl with curse you.


na bastad children wey planty for hia

hope some new videos go leak soon..give us doggy vid

on4a:
Please don't be bothered about that. People can talk, you only expressed what worked for you just like others expressed theirs. There should be no discrimination about your belief.

I've heard a millionaire in dollars in the US stock market who used same strategy. It doesn't work for everybody, it takes time to develop such relationship with God.

God led me to invest in Fidelity Bank when it was around 88k..I sold early to fund a family need at #2.25..Fidelity is 13naira today. These things happen. However, This can not be a strategy for newbies or people who have no strong relationship with God.

Congratulations and thank you for sharing your testimony.

No offence taken…Religion B d opiate of d poor masses as per Karl mark….v correct chigga

D joshua episode dem expose …still ppl no Dey clear eye….Na very stupid ppl…How virgin go give birth …..make e tell am na d tin no Dey possible …Dem go come persue while d other set of dem dey mentally restarted sef.

My guy I Dey tell u con focus on our traditions wey B our own set of beliefs say ogun say oduduwa u go say your own but dem B our own trnadistions v suppose don tey

Omo una dey look Tingo grp?
Make e learn to do DD
Nomba1 rule check who dey head company
No B tribalism at all at all

If na dem dem
Run away

Make I write coded so as to not offend dem

ProphetUtuocha:
It's morning in the day of Oando. Enough said!

In fact it’s just daybreak
Wiseman

Anyway
Time for 3rd shot

See pikin Dey do analysis
Check the loss
Check the debt ratio
Day cash I mention Dey translate to 52 u neva open eye fo the debt
Listen enn dis company d management Dey from Greece …dem Dey line up their own pocket come give u 2 Naira dividend of u dey lucky otherwise na 1.5 max.
Run away.

Some Otha shildren dem dey say enternal B oil and gas.
No B so oo na engine oil dem dey


Ppl b laffin today while ur kontrymen dey suffer everywhere no food on plate forget drinks

Selfish ppl dey tire me

courage89:
Who, what’s keeping Flour Mill from flying? Great fundamentals, strong cash flow, strong balance sheet, credit ratings of A-/A. Why is it still crawling?
Cash balance of 214 billion as of Q2 including their recent debt of 85 billion @12%. This cash balance alone translates into 52 naira per share vs. current share price of 33.10 naira.

I need help guys, what I’m I missing?

megawealth01:
My sweet OANDO

just a matter of time
sweeet sweet pokings tonite oo

PuristForest:
Prestige looking good, target 0.71 and 0.86

drop dat idea

sensible man

ProphetUtuocha:
My predictions for 2024:
- Oando will not delist. It will reposition and will appreciate by minimum 400% this year.
- Most banks, especially FUGAZE will outperform
- The Dangote stocks will underperform
- Many will pay school fees in the insurance sector
- Nigerian economy will start a crucial recovering process.
- Foreign investors will gradually return from 1st half of the year
- Nigeria's rating will go up as positive economic indicators ramp up.

omo na major insurance gist i wan yan
d tin d load from abuja contact at d top
wait 4 it.

i don state am jare wetin dey vex u sef?

KarlTom:
This is totally uncalled for!

He stated his opinion. If you have something contrary, state it or better still ignore and move on...

aiiiieeeee on point
heard somewhere d dividend go reach 45-50 kobo levels
e go shock u

omo who ask u ?
only a fool dey give free advice...
SS2 student advice go past your own...
sidon smallboy

stcool:
MY TOP 10 STOCK PICKS FOR 2024:
- GTB
- UBA
- Zenith
- Access
- FBHN
- Jaiz
- Transcorp
- Dangote Food
- NB
- Custodian
Bonus:
- ETI
- Wema
- UCAP
- WAPCO

*Entry price is key

vacanci:
i cant wait for the merger as well but a big question on on my mind is, DOES DANGOTE ACTUALLY PRODUCE RICE?

i have never seen any rice with that brand anywhere in the past 3 years. I hope that is not the cause of the delay from SEC

ask d Indians dat dey run dangote foods

crownprince2017:
the crazy thing about this investing is, there are thousands of reasons why you may decide to buy or not buy a particular stocks if you dig too deep but what I like mostly is, no matter the side you belong to, Mr market has the final say, why don't you leave jaiz for people who see value in the bank instead of attacking them because they don't share your sentiment.
Alhaji factor is part of what will move jaiz massively, you can note it down today. It can't be straight line Sha oooo..

efritin u talk na correct tin
me i dey do my own research before i dey buy anytin
all im tryin to do is to show ppl here ..the newbies, the gullible and the innocent dat wetin dem criminals dey push on top of dem
imagine pushing a bank day dey d most overvalued in the kontry
dem newbies go tink d bank dey cheap cause price dey low not knowing wetin b BVPS at all at all
so no b abt me...na community service i dey do fo hia.
its my own way to heaven
dem ppl go tank me eventually

wehdone sa
some1 had to telli pesin ...maybe my style was a bit harsh make i say?

d point is dis

dem know d OS dey cross 34 billion ..dem know JAIZ b the only bank wey dey OVERVALUE its book value ...d only bank inside dis exchange enn

still dem go recommend am hoping some1 go come collect dia lobbish

d religion sentidement sey u mention b d reason na dem b d only bank for kontry wey dey CLIMB over its BOOK VALUE by more than 2 sef

not even gtb, access, uba, first bank dey near dia own book value and dis one dey mroe than double.

omo no vex...i no know u dey ride ontop hin prick like dat o
hope d tin dey sweet pass

stcool:
Guy you dont need to insult anyone to make your point. The person you are calling maga has contributed more to this foruum than your entire existence. This behaviour is irritating!

well done una

hope d guy no go chop bonemeat
d boy looks like hin dey chop am

trust this forum to recommend ppl should buy JAIZ BANK

D only bank overvalued as per the book value

d only one dem go recommend fo dis forum wey every1 dey wear hijab

kontinue sha

where dat maga dat don push ppl inside loan trading

Ogbeni stfu
Wetin Dey yan assume dis assume dat
Na u B d hero fo dis place abi?
Still pushing folks into ellah lakes and omatek
Telling dey shud take loan entr sef…
Imagine some folk gon take dis jiga seriously

emmanuelewumi:
The All Share Index will definitely close for the year at about 75,000 as predicted.

The former All Time High of the ASI was 66,000 attained in 2006.

See am quoting 2006 as if himself was around …anyone fit check dat out and make predictions.

Hin wan prove na veteran hin b