₦airaland Forum

kccarew:
First how can 1200 chickens be valued for 4million naira+, na wa for ur news oooo

around #3,500 for one, is that too ridiculous?

Descartes:
Chai some people no get conscience

them get conscience, it's weak and they needed to feed it (their conscience )

rattlesnake:
I love girl but am thinking of breaking up with her because of her addiction to television..... All she does is cook and watch TV all day......I mean she watches everything.... News,music,movies,reality.....everything and anything......she is a graduate...I don't know how she did it....but the TV takes all her time.and attention....the issue is as a guy I hardly complain so she won't think am.whinning.....but while am busy with my thesis and she busy watching TV its only natural that at a particular time we will.give ourselves attention...but while am tucked up in bed by 1am she won't come to bed till 3am watching programs to programs.... I don't even know if this is bad or good...just confused

and you are a rattle snake? bite the tv

born2fuck, madness.com, stag nko?

Prixus:
na wa o. so I didn't make this list? abeg wey dat rope*sobs*

use a strong one o

tweetobyte:
Posting my girlfriend's pic on a public forum without my permission. I need a lawyer asap!

malaria is a very bad disease.

Hmmm... o leju

I was gonna raise an alarm on sleep paralysis before, but seriously, are there no medical implications associated with it?

religion itself it's the problem. God is in your heart, serve him and do what is good. Everybody should believe in God, believe he can do ALL things, believe he sent His son and try very much to do Good.
all these "my church is the best, my pastor is the most holy" won't help

The Nigerian Immigration Service, NIS, arrested and
repatriated 430 illegal immigrants in Jigawa State
between January and November 2014, the service
said.

The service also said its personnel seized temporary and permanent Nigerian voter cards from nationals of Niger who entered Nigeria illegally.

The Comptroller of the NIS in the Jigawa State, Isa
Jere, made the announcement on Saturday in Dutse, the state capital, while parading seven illegal immigrants from Niger and one from Mali.

Mr. Jere said 90 percent of the arrested immigrants were from Niger Republic while others were from Cameroun, Chad and Mali.

According to him, the service has intensified its mop-up operation to get rid of illegal immigrants in the state before the commencement of the 2015 general elections.

“We are committed to repatriating illegal immigrants in our midst because they don’t have right or have any business to participate in our elections”, he said. The comptroller also said that the state’s command had seized 20 voters’ cards from Nigerian immigrants.

dailypost.ng/2014/12/21/illegal-nigeria-immigrants-caught-nigerian-voters-cards/

unbelievable!!! so, if I get money But I Don release before the count of 3 nko? this one Na lie...
Oh!!! why then do rich men's wives eat banana outside especially with the poor men?

.I need sugar and I'll also give her sugar

I wonder How some people think. I Just expressed my disappointment on a thread asking if Buhari has a university degree and then stumbled on this again. are we gonna start to sit down and think rationally and be concerned about what the future holds for Nigeria or are we Just gonna continue with all these crap called media jibes?

RagaMufeen:
Can you tell me if Buhari have degree or just WAEC? because no one want olodo to rule them. Obama is graduate, same as Germany, Britain, Japan and China. Naija people deserve a graduate as well, that's why oyinbo people think we are mumu.

what a shameful excuse. so, if he is gonna be a better candidate, we should continue suffering because one incompetent fellow has a PhD. With the present one der, oyinbo people don't think we are mumu abi? yeye

excelsia:
Lol thanks hun
Op it's very normal, please don't be scared lol. He's at the age where he's starting to explore his body and maybe even play with it, he'll outgrow it with time. Also it could be a reaction to cold or the need to pee, it's not sexual though, cheer up

thanks ma

only God knows

hope u av a toasting machine?

Hmmm.... If Konji lasts too long in the body, e no Good o

fyneguy:
titconomics?

will you teach me?

MizMyColi:
I think it's called morning glory.

@Excelsia,
Please come and educate us more Nne

morning glory, that's the way I see it too.
e gats stand gidigba

tit:
a weaker naira means that it will be cheaper to produce goods in nigeria and sell to the world!
this should be an employment opportunity for hardworking people and entrepreneurs.

Good one. are you an economist?

Please madam, kindly help me out. What’s the usual age for a first erection in a boy? My son is barely four years old now but I get scared each time I see him have erection especially in the morning and at odd times. I think he should not be having such at this tender age. Should I visit the hospital or what?

http://www.punchng.com/entertainment/sex-sexuality/best-of-sex-this-season-with-natural-home-remedies/

The continuous fall in the price of crude oil in the international market and the recent devaluation of the nation’s currency, the naira, are putting serious pressure on the economy, with the currency experiencing a free fall.

The naira exchanged for between 192 and 194 to the United States dollar at the parallel or street market on Friday. Earlier in the week, it sold for N188 against the dollar at the same market.

It was similarly gathered that the pound and euro sold for between N294 and N296, and N236 to N238, respectively on the streets of Lagos on Friday.

The continued fall in crude oil price had forced the Central Bank of Nigeria to use a huge chunk of the nation’s external reserves to defend the naira.

The persistent depreciation of the naira, however, forced the CBN to on November 25 devalue the currency against the dollar by eight per cent from N155 to N168.

The central bank thus expected the naira to sell against the dollar for between N160 and N176.

However, the naira has been selling outside the CBN target band at the interbank forex market (where the banks sell to themselves and their customers), a situation that has fuelled speculation among analysts that the bank may be forced to devalue the currency soon again.

As of Friday, the naira closed against the dollar at N184.50 at the interbank market.

The continued fall in the value of the naira forced the CBN to on Thursday introduce new rules aimed at halting the slide. It barred banks from holding any amount of their funds in dollars.

It also directed the banks and members of the public who buy dollars from it to use them within 48 hours or return the unspent funds.

The implications of the fall in the value of the naira include the fact that manufacturers will have to spend more naira to buy foreign currencies with which they will import raw materials as well as purchase machineries and spare parts.

For Nigerian parents who send their children to schools abroad, paying for tuition in foreign currencies and sending upkeep money to their children will not come easy.

Analysts said the recent policy measures introduced into the forex market by the CBN had made many Nigerians, including importers who need dollars and other foreign currencies, to take to the parallel market.

According to them, parents who want to pay their children’s tuition overseas and importers will have to get their forex in the street rather than wait endlessly at the interbank market.

In a circular on November 6, the central bank said it would no longer sell dollars to importers of electronics, finished products, information technology equipment, generators, telecommunications equipment and invisible transactions at its Retail Dutch Auction System forex market.

School fees fall in the category of invisible transactions.

Consequently, parents who used to buy say $10,000 to pay their children’s tuition overseas for N1.68m, will now need to part with N1.94m, an increase of 15.4 per cent.

The Acting National President, Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, predicted on Friday that in the next one week, the dollar would likely sell for N200 to a dollar at the parallel market.

Aminu and other analysts, who spoke with our correspondents, linked the development to the continued fall in the prices of crude oil in the international market and recent developments in the nation’s financial regulatory environment.

The national currency has fallen by over 10 per cent against the dollar at the interbank forex market since the crude oil prices started tumbling in June.

Brent crude oil, which sold for over $110 per barrel in June, had fallen by over 40 per cent so far. As of Friday, it sold for $60 per barrel. The development has reduced the nation’s capacity to earn more foreign exchange to defend the naira.

Nigeria, which is Africa’s largest oil producer, receives 70 per cent of government revenue and 90 per cent of all foreign exchange earnings from oil.

Analysts have, however, criticised the directive, saying it would be counterproductive. They said the naira would keep falling because the CBN did not have adequate forex to defend the naira as a result of the falling crude oil prices.

With the recent tightening of the conditions that allow access to dollar by the CBN, experts expressed concern that it would increase the pressure on the cost of locally manufactured and imported goods, among others, as naira looks set to depreciate further.

A financial analyst at Ecobank, Mr. Olukunle Ezun, said the real impact of the CBN’s Thursday circular would be far-reaching.

He said, “Looking at the fact that the Nigerian economy is mostly import dependent, if the naira is allowed to depreciate significantly, the impact is going to be on the goods being imported.

“I think the impact is quite huge on all imported goods, and if care is not taken, it can actually impact the inflation outlook. By and large, the cost of goods will go up and it can impact on the employment rate. We may start seeing downsizing or downgrading. The impact is going to be huge and that is why I believe the CBN will not allow the naira to weaken further.”

Prof. Sheriffadeen Tella of the Department of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, said there had been shortage of foreign exchange as a result of falling oil revenue amid the decline in prices, which were affecting the naira.

Tella said, “What the CBN should be doing is to find a way of reducing the pressure on the naira by making sure that importation is highly reduced. But the policy of the CBN alone can’t do the magic, it has to be with the support of the fiscal sector. The Ministry of Finance should make a policy to reduce importation and ensure that whatever is exported, the money should be repatriated on time.

“More importantly, the central bank should ensure that money being made by government agencies is domiciled within the CBN. A situation where other agencies like the NNPC are also acting as bankers to the Federal Government is not tidy. At this point, there must be serious control of the inflow and outflow of foreign currencies by the CBN.”

He said the depreciation of the naira had already increased the cost of production in the manufacturing sector as most of the raw materials being used were imported.

Tella said the increase in the cost of production would affect the prices of goods, adding that “cost of production will continue to increase if the naira deteriorates further. Even the producers will have to cut their level of production, which of course implies that we are going to be in a serious problem in terms of employment generation.”

The Director-General, Lagos Chamber of Commerce and Industry, Mr. Muda Yusuf, said any offshore obligations, including payment of school fees of students outside the country, servicing foreign debts and going for vacation would be difficult at this period.

“The depreciation of the currency is already putting upward pressure on the cost of production and services because quite a lot of activities that take place here are dependent on imports. It will lead to a reduction in companies’ profit margins and some companies may be forced to downsize. We are also likely going to see inflation,” he said.

A report by Ecobank Research on Thursday stated, “Tightening the conditions that allow access to dollar while making no changes to how foreign exchange is supplied will further heighten the naira volatility with further depreciation most likely; as such, we expected the naira to trade between 190 and 195 to the dollar month-end December 2014.

“While the CBN’s reason for the circular is to maintain the stability of the naira, it is not clear how it intends to achieve this objective, given following recent sharp fall in Brent oil prices and uncertainty over the normalisation of the US monetary policy following the end of QE III in October.

“Overall, the circular will create more volatility that will require another set of CBN circulars to address the dollar supply and demand bottlenecks. As such, the CBN might need to continue to intervene in the interbank FX market.”

http://www.punchng.com/news/job-losses-loom-as-naira-sells-194-to-dollar/

Jamaticulus:
Pls name this varsity...

read the link it's there, or read through the post properly, it's also der

Registrar of the Joint Admissions and Matriculation Board (JAMB), Prof. Dibu Ojerinde, yesterday accused the management of an unnamed tertiary institution of sending the names of over 27 groundnut sellers to his organisation for regularization and mobilisation for the one-year compulsory National Youth Service Corps (NYSC).

The revelation came on the heels of the management of the NYSC accusing the management of tertiary institutions of frustrating full deployment of ICT in the
mobilisation of corps members. Ojerinde, who made the remark at the 2015 Batch ‘A’ Pre-mobilisation Workshop in Abkhaz yesterday, argued that he equally
experienced some frustration from higher institutions and even his board members when he introduced the same biometrics in the conduct of JAMB examination.

“It is good that I have this opportunity to speak to the representatives of the higher institutions. I want to ask whether this trend of mobilising unqualified prospective corps members into the NYSC scheme was this how you were mobilised during your own days.?

“There is a university where over 5,000 graduates were mobilised. We have to make a commitment to sanitise the system by doing the appropriate thing. There were 27 persons a particular institution mobilised for NYSC selling ‘pepper nut’ or groundnut in front of the university.

“A corps member was posted to JAMB to serve, the director under which he would serve said he could not write his name. We wondered how could that be and invited him to my office, asked him which university he attended, he simply replied ‘na UNN. I called the NYSC coordinator in Bwari to come and take your thing because I know he is not a corps member,” he said.

Similarly, the Director General of the NYSC, Brig General J. B. Olawumi, in his opening remarks, accused some CPIs of not living up to the agreement of appropriately sensitising their graduating students on the benefits of the newly introduced ICT registration platform.

sunnewsonline.com/new/?p=96169

@Chemashie, @sheggy13... come out o

jnrbayano:
A few names monopolize the frontpage.
Are they the only good writers or do they have shares in Nairaland?

Mr Seun please spread the frontpage benefactors around.

Thanks.

I wonder, some will write rubbish and it'll make FP. I created a topic last week, a day after someone created a similar thread and made FP. I mailed the mods, till next year they haven't replied.

hmmm. Konji ko, Konji ni...
e no fit catch me anywhere except in my car, incomplete building, bush etc

show signs... don't tell him o