₦airaland Forum

Irijosa777:
.
That's not true.
I started working even while in school.

With ur BSC?
Why una too dey lie
Like for this forum

That bro is nt safe

Bro easy with the lies
I want to believe you guys have been f√cking each other before now
So you know what you were getting into
This one na lie shaaa

mema900:
Hey yaa, i pity that guy. What a miserable life of fear he is living

Lmao

IJOBA11:
NIGERIA IS A ZOO

A zoo is actually better

ConnectPhones:
Righteousness is Thinking what to say on this thread now.

Exactly what I wanted to type
Lol
No be everything be spiritual

CrayTv:
Trouble in Ekiti for F-Joshfad Investment?
Joshfad Company Ltd Inc, an investment platform which specializes in the trading of the foreign exchange market, real estate and other businesses with a monthly return on investment of 20% have defaulted from paying investors their ROI and their capital.
Information reaching us suggests the company managed by Fadugba Joshua may be oblivious to the root cause of the issue as the company initially claimed payments were halted due to an agent carting away fifteen million naira.
The company has now responded by saying It would be doing a Proper auditing of the company’s account to ascertain the capital to be paid to the Investors. And Since they also have properties spread across states in Nigeria, they need to identify properties by going for physical inspection on them.

READ MORE https://craytvng.com/2021/04/trouble-in-ekiti-for-f-joshfad-investment/

Josfad is in Lagos

thesicilian:
You're selling something online and you want them to be calling you one by one to ask for the price.

Lol I swr bro
People mumu for this forum

If you earn below 200k monthly
I will advise you to stay in ogun peacefully

NEWJOE:
why don't we learn how to celebrate good things in this country...must it always be bad news?

Ode if na good news
It has to be real
Dem surpose ban you for 40yrs

Forex ?
Lmao

He should stay away
as far as possible
From those people
Telling him to build a house
If it's possible to ignore them for Life
GOD no go vex

Joecrane:
I hope you will be courageous enough to hold this position when push turns to shove?

There are more deadly hoax to come

Joecrane:
But like seriously I am beginning to get scared. What has vaccination records got to do with purchase of petrol. Truth is that it will still reach Naija , because this is a directive from the covert powers that run the world now.

Make Dem link am to bvn
I will nt still do

Pls what's the price for the the second pic

Oga put price

Lol where is that rithousness guy
Lmao
Mark of the beast ?

Hmmm

Olumyco:
This is Economics 101.... Demand and Supply.

Actually the question should be relative value and not just value.

To understand it very well. Let us see Dollar as a commodity. If there is a shortage of Dollar and we don't want it to finish, what will be done is to increase the amount of money to buy it.

If I need 2 naira to buy 1 dollar, the way the dollar will finish... infact within two days all our dollars in our foreign reserve will get depleted. But if I need like 10 naira to buy 1 dollar, the demand for it will reduce. If I increase to like 100 naira, the quantity of dollar that will be bought will reduce.

So what CBN does is to regulate the amount of money needed to purchase the dollar so that it won't finish faster and can also be commensurate to how the dollar flows in. So its a balance of rate at which dollar flows in and flows out.

Therefore the reason why naira is low compared to dollar is simply because:

1. There is low supply of dollar

Solution
a. We need to increase our export by becoming more heavily industrilized. Exporting raw materials won't make us achieve this. We need to export more finished goods and services.

2. There is high demand for dollar

Solution
We need to decrease our import by becoming industrialized also which will make us produce and consume locally without the need to import everything we consume in the country.

Facts

Things that take away our dollar

1. IT: Phones, Electronic gadgets etc are imported

2. IT: Hosting websites, buying domain name etc

3. Many sends their children abroad to go and school

4. Medical Tourism

5. Some people uses their naira ATM to withdraw dollars abroad. The deduction falls on our foreign reserve.

6. We export crude oil and import refined oil. It's terrible

And so on...

Measures Used by CBN to control this

1. The CBN tries to control this by reducing the amount that can be transacted in dollars per day which is 100 dollar.

2. Refusing to give dollar to importers who wants to import what we produde already in the country

3. Banning of illegal forex organizations

And so on.

Another Solution to this

1. The government should encourage remote work by encouraging people in the IT space to do remote work with foreign companies.

2. The government should ban some imported goods to allow locally made goods to thrive

3. The government should study the goods and services we import, then try and get a foreign investor to come and establish the company that produces such or render such services here in the country.

4. The government should stop politicians from seeking medical support abroad.

And so on

Thanks.

I disagree with you on this boss
I think we really need to study China's economy properly
With the population
And the value of their currency against the USD although I'm still waiting for more comment on this
Bt one crusial aspect you guys are nt talking about is missmanagement
Apart from the fact that we're practicing a very very expensive system of government
I'm waiting for more comments shaa

ITbomb:
When you don't produce anything that another country would need, your currency falls

If what you are producing is wanted by another country, your currency will be strong

Problem is that we depend on oil as we cannot produce any other thing, so when we were producing and selling oil at high quantities, our currency was stable.
Now that most buyers of oil are looking elsewhere, we don't sell enough to balance what we are buying from other countries, so our Naira falls

I believe this is "layman" enough

If ur claims are true Chinese Yuan should be among the highest currency in the world

After all said and done
Pls I will advise you guys to buy as much as u can and keep
Election is coming
This will be a way to override
The problem of BVN
I can't say more than this

Sleemzy1501:
Chief e low small....add some thing

Country hard bro

How much will cover half Plot of Land

How much for half Plot

CelestineNelson:
When it comes to intelligence and professional news, the number of people that respond and have something to say are always few...assuming is celebrity news, football news, romance news, bbnaija news, the cruise crew would have hijacked the thread...some of them are using the most expensive phone and laptop and you dont know what to say chai...abeg people know their lane joor hahahahahhahah

Oga shut up
How many people
Knows the term audit here

Wait self what's ur location bro

Sleemzy1501:
72k now boss

60k
I will pay for delivery