₦airaland Forum

tbaba1234:
Nigeria's naira was quoted at 253 against the U.S. dollar as a new interbank market opened on Monday but no trades were yet to be agreed, dealers said.

Nigeria's central bank said last week it would scrap its fixed exchange system which has seen the currency pegged at 197 to the U.S. dollar for the past 16 months. (Reporting by Chijioke Ohuocha; Writing by Joe Brock; Editing by Andrew Heavens)

http://www.reuters.com/article/nigeria-currency-quote-idUSL8N19C13U?feedType=RSS&feedName=usDollarRpt

vodutive:
Please we have our issues, the men are probably guilty, but Americans are full of shit too! Americans can be racists, many dont like blacks, many can't tell us apart. You cant preach innocenct till proven guilty and then convict in a Kangaroo court based on flimsy evidence of the word of mouth of one man!

or is America saying that our federal legislators were bugged in which case that opens a new can of worms ala Ed Snowden....why are they bugging their visitors?

AZeD1:
Why call APC? Your distribution company is a private company but then I doubt your story because for everyday the transformer is not fixed, the company is losing money and I doubt the management would be happy losing money.

invectives:
This happened a week ago,Transformer got damaged from a thunder strike.

PHCN officials haven't come to fix it,why?cos the neighborhood is now using fix prepaid meters.(pay as you go) so according to them,"nothing for us again".

Is this how to effect the change mantra of the current APC no nonsense zero Corruption regime?.please if any PHCN official is reading this,kindly impress on your colleagues here in NKemba axis Uyo to do the needful.

Thank!!!!

callmelanner:
Good, why haven't the bill on social media been passed anyway? It will save a whole lot of us some stress!

DrHighchief:
The woman is not serious. Y now if the tape is true. Women! Women!! Women!!! He wants to blackmail Alli because of money?

teemy:
Two incidents happened recently in Ogbomoso (Oyo State).

1. In the early hours of the day hree passengers were picked up along the road on the way to ilorin (neighbouring Kwara state) which already had the driver and two others in the bus. One of the prior passengers did something and they slept off. He was spared and dropped at a park in Abuja due to inacceptance but the other two were candidates for ritual killing.

2. Late night drinker was in a trance when a bike he rode took him from the hotel to a house. Due to inacceptance he was spared and dropped somewhere along the road. (He still went to drink late the next day).

Peeps should be a little bit more conscious of lately more missing persons saga in their evironment and take steps to avoid being victims. I pray this woman finds her way back to her loved ones.

thesicilian:
Nobody came to count my chickens o

adedam007:
Who can tell me how they came up with these figures?.which farms did they visit/carried out the research

lordoseji:
how was the census taken?

paveinc:
I dey suspect dat op self.

deeswagger:
he is the one, the wife -called me this morning, and said the money will be paid in installments, 40k today 16k on tuesday... remember i told u, he said he had the teller...

Consider the case of the United States. Let’s suppose the United States decides to increase the money supply by mailing every man, woman, and child an envelope full of money. What would people do with that money? Some of that money will be saved, some might go toward paying off debt like mortgages and credit cards, but most of it will be spent. I know the first thing I’d do is go down to Walmart and buy an Xbox or PlayStation 2 (if you have an opinion of which I should buy e-mail me by using the feedback form).

I’m not going to be the only one who runs out to buy an Xbox. This presents a problem for Walmart. Do they keep their prices the same and not have enough Xboxes to sell to everyone who wants one, or do they raise their prices?

The obvious decision would be to raise their prices. If Walmart (along with everyone else) decides to raise their prices right away, we would have massive inflation, and our money is now devalued. Since we’re trying to argue this won’t happen, we’ll suppose that Walmart and the other retailers don’t increase the price of Xboxes. For the price of Xboxes to hold steady, the supply of Xboxes will have to meet this added demand. If there are shortages, certainly the price will rise, as consumers who are denied an Xbox will offer to pay a price well in excess of what Walmart was formerly charging.

Suppose an economy produces £10 million worth of goods. e.g. 1 million books at £10 each.
If the government doubled the money supply, we would still have 1 million books but people have more money. Demand for books would rise and firms would push up prices.
The most likely scenario is that if money supply was doubled. we would have 1 million books sold at £20. The economy is now worth £20 million rather than £10 million. But, the number of goods is exactly the same.
We can say that the increase in GDP is a money illusion. – True you have more money, but if everything is more expensive, you are not any better off.
In this simple model, printing more money has made goods more expensive, but hasn’t change the quantity of goods.

In the days of Idi Amin, Uganda took the risk of printing new money to bail that country’s economy out of the doldrums. The exercise backfired so catastrophically, it has taken Museveni over two decades to right the disastrous consequences.

Robert Mugabe’s Zimbabwe is still stewing in the fire of economic wreckage which was exacerbated by the decision of that country’s Central Bank to print new money for the economy to bounce back. Each time Zimbabwe printed new money, the country’s currency drops in value. Today the Zimbabwean dollar can buy nothing anywhere in the world except in bales of the currency to buy a hamburger.
- See more at: http://www.vanguardngr.com/2009/09/printing-more-money-can-backfire/#sthash.OLmeLTW5.dpuf

Everyone in Zimbabwe during its hyperinflation were under severe pressure unlike anything they had ever experienced. The government had increasingly turned to rampant money printing as a funding alternative and as this newly printed money made its way into the markets prices began to rapidly rise.

As inflation skyrocketed, it placed unique pressures on businesses – revenue that companies made couldn’t compensate for the cost of restocking more expensive supplies later. This margin pressure is common in high inflation environments: the net result was that businesses began to close down. By 2006, all stores had emptied. Prices hurtled higher due to an even greater scarcity of goods and society morphed into a barter economy.

Djangocode:
@Teemy..

Thanks Dude.. Probs is, Most times when i wanna read, i'll be experiencing light issues.. That is why i asked if u have or can recommend any hard cover textbook on PHP/mysql...

As per working on a Project, I'll definitely get there. As long as the Drive remains in me which i believe will be on for a long time.

Thanks Dude..

Yo profile didnt show me much about u.. Maybe u can drop your twitter handle, whatsapp, bbm..

FrankValency:
the children are the future of tomorrow.,.... I heard buhari also said such abt 30 years ago,when I wasnt born but I'm a man today and he is still the president today the future is really gar o, obasanjo did same, TA orji, David mark of then, they all once said this poo abt 30 years ago but still lead us today. I think the present is all that matters to me, nothing sure tomorrow .......ooni, thank you for hosting them.

Lucasbalo:
Kudos to you. You did the right thing.

Opetunde1:
Scammer Alert!!! Who Can Help Catch This Scammer


I sold an iPhone to this scammer and he did a bank transfer.. I received d alert thinking the money was in and we parted ways. Little did I know that I have just been scammed and it was a fake credit alert. His phone no has been switched off but his whatsapp no is going... Who can help trace him... BEWARE OF BANK ALERTS

The guys no is 09050587873...please help trace him and help me