₦airaland Forum

dingbang:
as in eh.. Even say I be omo Igbo but I just have to tell myself the truth.. Oga Hungerbad , the Yorubas are well educated.. Did u know dat as soon as osinbajo entered office, the federal government through the ministry of education opened its portal for scholarship for all and sundry... Chei... They believe in education and that is why schools like u.i are excelling... Well I just applied for d scholarship I dey pray make I pass d exam

Abeg, link of the scholarship scheme pls

Chai Katherine is coming back. Hehehehe

JeffreyJamez:
Ticket don cut

U and VickyRotex should please leave me alone

SirWere:
The game is boring once more. It's like once chelsea starts winning, they don't pla tiltillating soccer. I'm out

Very useless match

VickyRotex:
If I hear! Ko joor!

Mtcheww! Becos una score, u come get mouth abi! , I Eight U

Useless goal. Am out of here

VickyRotex:
Oh well, its a daily thing.

Huh! Not over yet!

Swansea will definitely score another goal and win the match

modath:
I want the best but I'm not convinced this won't come back to bite us in the ass!! Economic indices haven't changed, LCs aren't getting financing, manufacturers can't keep up with alternative power cost....

All this artificial 410 quotes na lie, Black marketers are just playing mind games, put a call to one, wants to buy @ 410-420 but won't sell less than 460, who is fooling who!!

February 2016, we experienced same thing!!!!!

Haba, difference of N50

Honestly i don't know what policy can be put in place to ensure abokifx and bank exchange rate difference is minute.

What is wrong with rivers people sef?

ritababe:
they want our oil, a pipe from Nigeria to Morocco.

It's more than just oil though it's still one of the reason. There are lot of benefits that proceed from nations that belong to ECOWAS.

If they want oil, they can get it from Libya which will be cost effective albeit constructing the midstream sector from Nigeria to their country

repogirl:
Can you teach a brain that is dead?

No be me talk am o,na MaMa P!

Madam repo, DSS is coming for u

Mynd44:
We also encourage uncle Bruce to forward a payment of 11 billion to AMCON.

So u get some sense of humours like this?

Abagworo:
Will the greedy traders reduce the price of goods as they hurriedly increased it? In Nigeria we like "coming to be going".

U have spoken well boss. The price of commodities in market still remain the same. Let's see what happens in the next couple of weeks if this CBN policy is sustainable to watch if the price of commodities will reduce or remain unchanged.

I have learnt a lot from the economists in this thread. Thanks for the insightful and diplomatic arguments.

I just pray that the positive impact on the foreign exchange hence less pressure on the naira is sustainable (continuum process).

Though some credit should be given to PYO for his diplomatic/peaceful dialogue with oil producing states communities as militants attack on oil facilities has reduced drastically albeit contributing oil production increase. With the crude price above $50 per barrel against the bench mark of $37 for our budget leaving minimum of $13, such difference is being reflected today as foreign reserve is getting fat, naira gaining value and more forex available for manufacturers,traders to import raw materials, machinery, etc, to meet their production needs.

Also, we also need to know that non oil sectors are improving though at a snail speed and if these trends continues, I believe before 2020, Naira may exchange at N150 per dollars, resulting to reduction in inflation rate with employment rate higher, improve power generation and other positive trends, I just pray corruption will not ruin this trend.

iblawi:
You might need to wait till 2019 before naira return to 200 or below. We have to stop importation of refined oil and petrochemicals which takes up 30% of our forex and improve electricity so that local companies can increase production /services. We need to also cut food important which also takes about 15% of our forex (rice, wheat, sugar, Palm oil, and fish top the list).

When we achieve all this, $1 might even be less than N100.

iblawi:
No, they won't fail because we would start getting more forex from sale of refined oil, petrochemicals, gas and fertilizer. Dangote refinery will produce 55 million liters of fuel per day which is more than enough for the whole West Africa and government is also trying to increase capacity of the old refineries in the country. Which means Nigeria would refine half of the crude oil we sell currently before selling them.

Dangote is also running gas pipeline under the ocean from portharcourt to Lagos which can generate up to 12,000MW of electricity compare to the existing one which can only generate 4000MW.
The current transmission line is being upgraded by Fashola from 5000MW to 8000MW before the end of the year and 10,000 MW by 2019.This means power is also on the way for local companies.

Standard gauge railway are also coming to reduce cost of transporting goods from one region to another. I doubt this would be completed before 2019. This will help the agricultural sector and manufacturing sector as well.


Different petrochemicals that were imported will no longer be imported by companies and will reduce pressure on forex.

Fertilizer will no longer be imported which will cut down the demand for dollar.

On agriculture, rice production has increased to 4.5 million metric tonnes while our local demand is about 6.5 - 7 million metric tonnes. Wheat is also on the pipeline as some northern states have started wheat farming. I don't think much have being done on fish, milk, Palm oil, sugar and poultry.

Solid mineral is another area but very little have been done in that sector too.

Putting everything together shows Nigeria might bounce back better than before if the current government do the right thing.

Brilliant and Analytical comment. Nice one boss

It's 475 as am speaking now

Some useless entities hoarding the dollars in their respective closets are selling it sporadically to BDC and abookis in order not to accrue loss.

Good afternoon lalasticlala

Well, I don't blame them for standing against their right.

HateU2:
My dear, like somebody said up there, it does not work the same way.

Just be yourself. For me, I used to be a facebook addict but to upload on facebook nowadays ehn, its like i want to use leg waka to Oshodi from Idumota. Social Media is good but dont be too addicted to it and let the world knows whats happening to you in your bedroom.
Tonto loves drama and attention right from day 1 and I am not kind of surprised shes doing all this stuff concerning her marriage all over instagram.

Some things are best kept secret!

Lovely comment dear

2shur:
honestly i be heavy internet user.
i go stick to ntel .
abeg i wan unkock spectranet..609 version.

Okay my brother.

Eh ehn. I don't know how to do that o

2shur:
u sure.
cos na lag i wan enta so.
i dey target to buy ntel by monday.
i need unlimited data.
i consume abt 3gig aday both on phone and system.

As I am typing with u, I am using it here in Lag and it's okay.

Donbabajay12:
People would just comment Poo...According to the OP..He only said a man was murdered, he never labelled him a Nigerian ...What is all this rant abt Naiija This ,Naija that ...The man can probably be a Ghanian or Kenyan........Be grateful for any position you are in Nigeria ..some people don't even have the privilege to own a phone not to talk of getting money for subscription ...Haba

U spoke my mind but the news about SA sabotaging our business is real

Saintsquare:
The whole Abeokuta North Local government need serious attention.

U are right bro. Abeokuta North section of the city is a total mess.

2shur:
i be wam go bac to glo today.
buh be like say i go go back to airtel or ai kukuma pay mai 10k for spectranet.
spectranet speed sucks
throttled speed at 1am to 1.3mb
that alone is a 3g speed.

Go back to glo bro. They have worked on their network issue.

Though Glo network was epileptic at the beginning of the year as they did not even deem it fit to show any remorse by apologising to customers but their Internet service is back and far better than it used to be.

Truth be told, MTN has good customer service delivery but their network of recent is quite poor.

The analysis for rating Abeokuta as 4th worst city to live in Africa is very flawed.

Anyway this would rather send a message to the state governor if he cares or worried about this derogatory news to buckle up as places such as Adedotun, mokola, Elega, Saje, Adatan, Lafenwa, itoko, olumo axis are seriously dilapidated with terrible road network.

I still maintained that the 10 lane construction dual carriage road from kuto to sagamu interchange is unnecessary as such fund can be used to expand the road along FUNAAB axis and rehabilitation from Adatan to lafenwa axis.

ToriBlue:
I've seen prettier women but she is beautiful Flashy sha.

That is the right word.

Okay. We are looking forward to having positive response from the visitation. Kudos to our active acting president

At the end of the day, the attack will not directly affect any SA citizens. Even if they want reprisal attack, this attempt is not effective at all.

It's no longer business as usual. Illiterate legistlooters

Maybe to discuss about protecting the business owing to some threats to launch reprisal attack against their xenophobic acts on Nigeria business in south Africa and also for FG to cancel their debts due to the rule they broke against NCC.

I trust PYO will not listen to the latter point I mentioned above.

this country sef

YOUNGrapha:
THIS MUST BE AMADIOHA MASQUERADE

Fixed

limeta:
If is you Avenger,s welcome.
Been missing you lately
Bring back the good times
love limeta kiss kiss

It's now official that you don't have an atom of sense.