₦airaland Forum

this is a brutal case oya oga @ d top d batle line has been drawn

u can go ahead and marry even ur mum. becos i knw ppl like u if we encourage u to go ahead t0morrow u wil tell us hw u love ur mother and want to marry her. it seems dat u dont knw d difinition of abormination

chidi nwokeme waitin our oga at d top do u na na only u hearam abeg pack
well o

[quote

author=BUSH MAN]its not the having fun that is the problem its letting
us on camera know that he is having fun, i ve been to duabai 4 time this
year and california 2 times without camera crew to show people[/quote]D question is who are u. but he is a celebrity and u
are not wat will camera man gain followin u my brother pls explain 4 us,
or dont u knw d different btw celeb and ppl like u.

because of ppl like him am always pround to be an african man we love U dear but God loves u most.IJEOMA LA NKE OMA

what kind of world are we living the falcon can not hear the falconer things fall apart the centre can not hold. what a big lost to the ibos and nigeria in general may his soul rest in peace

may his soul rest in peace nigeria police nawao

yoruba and illiteracy u see wat d stupid man has cause 4 d ofe mma nu ppl

d dress is nice but i prefer dat of okereke 2 hers but all d same cheers

[quote
author=naijaguy77]This is Economic Illiteracy at the highest level. I
used hold Madam Ezekwesili in high regard until this issue.

The foreign reserve is the foreign currency we get when we export our
goods or services. Since we cannot spend dollars in Nigeria, we print
the Naira equivalent of the dollar and spend i.e. If Mr Okoro exports
cassava to USA, he earns $$s, he can't pay his farmers in $$s, nor can
he buy other goods and services, so he takes his dollars to the bank
(cbn), they print the naira equivalent and give to him, cbn collects the
dollars and keeps in the Forex Reserve. 2 weeks later, Mr Okoro wants
to import machinery for his business, he has naira but needs $$s, he
takes his naira to cbn, who then exchange it and give him $$ equivalent
taken from our Forex Reserve.

Anytime you pop champagne in a club, invite Kim Kardashian, or buy a
car, you are contributing to the depletion of our Forex Reserve. Anytime
you consume imported goods or services that have to ultimately be paid
for using forex, you are contributing to the depletion of the Forex
Reserve. It is that simple.

The Forex Reserve is not such a big deal, it is just a mechanism/tool
used by the CBN for stabilising the local currency. So is it correct to
accuse the FG of squandering the Forex Reserve? NO. Anyone who makes
such an accusation is more or less an economic illiterate. The following
can easily lead to the depletion of Forex Reserve:

1) Increase in consumption of Foreign Goods and Services. E.g. Cars,
Food, Foreign Education, Machinery, Expatriate worker demand, or Kim
Kadashian.

2) Decrease in value of export. E.g. Fall in oil prices.

3) Increase in the value of the Naira against the Forex Reserve
currency.

4) A combination of some or all of the above.

The following points above mean that, NO matter how PRUDENT the FG is,
the forex reserve can still be depleted by the lack of productivity of
the economy, or the profligacy and foreign taste of the citizens. It is
therefore very silly to accuse the FG of squandering the Forex Reserve.

Does FG also contribute to depletion of FR? YES, but nothing on the
scale of other consumers in the economy. The FG would need forex just
like other stakeholders in the economy, and their need, relatively
speaking, is certainly not huge as the rest of the country combined.
Ironically, it is the FG, through oil export earnings by NNPC and Oil
companies, that is the largest contributor to the Forex Reserve.

Economic Illiteracy can make you look stupid, it certain has done so the
Madam Ezekwesili.

Stay tuned for part 2 - Excess Crude Account (ECA)[/quote]oga abeg let ask u has world bank started given top jobs 2 economic illiterate as u refer her 2. who kows were u are practicing ur own economics may be as an akawo collector.........

my friend will always tell me that any enggagement ring dat lasted more than six month has turn 2 a key holder .

hell has +1 wit her soul and is possible nw dat d boy may decide 2 repent now and wen ever he dies he will go 2 heaven and he has sent a soul 2 hell our girls pls becareful

[quote
author=megainvest]First Bank remains Nigeria's most reliable bank in my
opinion (Keyword: Reliable). Other nice ones are Zenith and GTB.
ecobank is among d nice one but reliable as u say first i give it.