₦airaland Forum

Where is your email or how do we contact you?

I wish govt kicks them out.

What has Shell ever done for Nigeria.

We need to nationalise it and run it ourselves.

So only women smell bad?

EmekaBlue:
Bad smell..No I pass

But you love the smell right?

Or are you homo?

EmekaBlue:
Girlz can smell sha xpecially as heat dey...Too many fake things xpiring on them

I loves this!

Obiono is starting to impress small small

A thief !

So why are we not calling a spade a spade.

Europe and US are refusing to return our hundreds of billions of stolen dollars.

Mr David Cameron and Mr John Perry that is fantastically corrupt.

The white man was a thief when we first set eyes on him, he is still a thief.

Treat them like we treat thieves

LOL

Reminds me of the many politicians leaving prison in 1984 and immediately urging for govt to improve the living conditions of prisoners.

The EFCC may allow him internet access

SamuelAnyawu:
Cramjones isn't Fani Kayode truly

Google is free - use it.

ApexTitan:
Do not spread lies, especially on a public forum where you will be found out very easily. You cannot back up anything you posted, things that I know for a fact are pure lies, that's why you remember Google now.

Have you seen any photos of him returning to Nigeria from UK?

scribble:
Doctors appointment

google is your friend

ApexTitan:
Straight up nonsense.

Which Shell "has stopped to work"?
When did Exxon realise that they need to shut down operations?

When did these fictitious events happen that you are desperately trying to string together to form some kind of conspiracy story.

Very unsual that there are no photo of him getting off plane this time.

Western powers may have just had enough of Buhari so he has had to be removed as he is not following their ruinous economic dictates.
He is chasing them to return or money also.

All this blowing up of Chevron infrastructure and Shell and Exxon also shutting down operations, is a clear evidence of Western economic sabotage using their multinational oil companies.

No coincidence that fuel price has now been hiked and rumours of Naira devaluation is spreading

Lets hope we are not going to hear within a day or two that something has happened to our dear president oo!

I hope this is not true

Are we supposed to be fearful of this new deadly disease?

Abeg ask this disease to take its place in the line of deadly diseases that is supposed to b making us fearful.

HIV , Ebola , Lassa, Malaria, Cancer

Should we lose sleep because a new disease has arrived?

Me? I will continue to sleep well tonight.

[img]http://sharingtheglobe.files./2013/07/dsc_0014.jpg[/img]

Fayose the impeachable governor

RIP
to the 2 brave police men that gave their life to stop this terrorist clown from taking more lives.

The West and Europe have stolen our money which they have conveniently tagged Abacha loot , but reality is that the stole our money and now refusing to return it.

If the thief dictates how the money they stole should be spent, in reality it is just the thief that is spending the loot meaning the stolen money is not refunded.

K

Thanks for explaining this, so clearly.

I am guessing that most people with dollar bills in Nigeria acquired their forex through corruption and criminal means, and are thus may be ignorant or indifferent about opportunities presented by floating currency bonds.

Our best policy is to continue to discourage imports so that demand for forex would eventually diminish.

greenpasture:
Thanks for asking. I will keep this free of jargon. Let me know if I have been clear enough

A foreign currency bond is a means of borrowing foreign currency for a period of time - say 10-15 years ( could be shorter) Imagine two parties, a lender and a borrower. The borrower ( nigeria) says to the lender, give me $20bn and I will give it back to you in 10 years, but every year I will give you X percent in interest. At the end of 10 years you get your money back with the last interest payment.

The borrower Nigeria sinks the money into revenue yielding projects and uses part of the revenue to pay the interest ( keeping this very simple) while the lender gets more money than they would got from keeping the money in a bank or under their mattress.

At the end of the day the borrower has revenue yielding projects that are creating employment whole the lender gets his money back with good interest. I am sure you know that there is a lot of dollars bring held by Nigerians in their homes and abroad. The foreign currency bond would pull this in to create growth in the economy ( jobs, increase demand for other local gods and services etc). A naira bond would do same but Nigeria doesn't need naira now. It has a lot due to TSA and recoveries.

That's it in a very small nutshell. Hope it helps

Sad.
The authorities should prevent people scooping fuel.

Do I blame people? No.

We all take risks every day, even crossing a road is a risk.

This is above my level to understand.
Please explain is a foreign currency bond and what floating it means.

Is there not a cost to our economy of floating foreign currency bonds?

Is there a reason Naira bonds could not be floated?

greenpasture:
Improving sources of FX is not devaluation.
He is talking about improving supply. Right, now, there is more FX outside the banking system than there is in it. I am not sure that any country in the world has as much paper dollars than Nigeria - including the USA - so If the FGN for instance, floats a foreign currency bond at a higher rate than bank interest rates, then you can safely assume that dollars sitting in people's wardrobes as well as overseas would emerge. That's an example of what he is talking about.

Coaxing out additional supply into the parallel market and thereby lowering the rate.

Yeye economists everywhere.

Explain how devaluation leads to availabilty of dollar?

The minister of state for Petroleum never used the word deregulation during his statement.
The fact is it is clear that the government has already long ago deregulated the oil sector.

What government did was to put in measures to prevent future fuel scarcity by selling fuel at a price that would make diversion to neighbouring countries unprofitable to unscrupulous marketers.

grandstar:
There's no way governmemt will deregulate the price of fuel and not eventually do the same with forex.

Donttforget fuel Import ers have to source dollars at the black market

Of course there are Nigerian newspapers that plagiarise the garbage that the clowns at bloomberg are writing.

Even the story does not say definitely that devaluation and foreign exchange policy would be reviewed.

Truth234:
Is you that is giving inaccurate assertion of your government. Punch Nigeria http://punchng.com/flexible-forex-policy-coming-osinbajo/

It beggars belief how a couple of lawmakers would be expected to provide jobs, electricity and water.

Let this be a lesson to all politicians who promise heaven and earth just to get elected.

Two sources you just given are known for negative and inaccurate reports on Nigeria's economy.

Take this story with a generous pinch of salt.

If this potential policy u-turn was credible, it would be also reported in Nigerian press and news media.

Truth234:
Please next time endeavor to google a bit

Financial Time U.S. http://www.ft.com/fastft/2016/05/11/nigeria-should-re-evaluate-fx-policy-osinbajo/

Bloomberg U.S. http://www.bloomberg.com/news/articles/2016-05-11/nigeria-should-mull-devaluation-in-forex-policy-review-says-vp

Time that government gives these clowns an ultimatum, pump oil or quit.

Lie lie !
Osinbajo can not announce devaluation consideration.

Any way this story is from unknown source.

I don land FTC

Anyway check my signature:

The story sounds somehow.

More likely they have been having an affair all this while, but because he has been caught , he had to come up with a story.

RIP

I have no view.
Just let the law run its course.

This dude loves to eat

90% of his photos shows him eating at some food joint

I love watching him in his movies.