₦airaland Forum

oneroflo57:
Do they evangelise in kano or other northern states

my brother this guys dey preach everywhere. Even as maiduguri no good I dey see them for some areas sha. I shoch when we World Universities Games at Korea, them plenty there with the same books wey dem dey carry.

Jehovah's witnesses are not the 1st to start preaching. It was 1st done by prophets of old i.e an isrealite to an isrealite and then Christ and the apostles. Those dat rejected it suffered. U can't hurt me by readin d bible 2 me. If u knock on my door with ur bible, I no get beaf with u. I go listen. Jehovah's Witness or not Jehovah's witness

didymario7:
Yes it will do no good and d govt. care less. In a way they see this as a means of discouraging imports so that Nigerians are forced to patronise made in Nigeria goods

Ouch! That hurts

didymario7:
Yes sourcing dollars from the bank is much cheaper than from the BDCs but the problem is the banks are not at liberty to sell the funds to whoever they wish because the CBN has guidelines on the type of businesses/individuals these funds are meant for e.g Nigerians paying school fees abroad, Nigerians travelling abroad(BTA), Companies who import raw materials and Machineries, foreign companies in Nigeria who want to raptriate their earnings e.t.c.

However, the banks can source dollars independent of the cbn and sell to people outside the categories I mentioned above but (1) the amount of $ it allocates per person is very very small so u can't really do much with it (2). U can only access the dollar through your Naira MasterCard/Visa card (3) the rate it sells is close to the black market rate (because they bought it higher that the official rate since they didn't get it from CBN)

This leaves the big time importers at the mercy of the BDCs because they are the players capable of selling dollars in large quantity to importers. This is why things are very expensive.

Thanks! I get it. The flexible exchange rate won't do good to price of imported comodities. I was thinking it will do great good to naira, that naira will appreciate at BDC's. I'm no longer excited about this CBN's policy. I've never been a fan of life abroad. I always believe I have life here, that it will get better. I just changed my mind about it. It never gets better

didymario7:
The term Flexible exchange rate regime can be indeed confusing but let me try to break it down.

First and foremost, let me mention that the CBN has refused (before now) to devalue the Naira (or introduce more FLEXIBILITY in managing the $/N rate) because of the supposedly untold hardship it would bring to the masses (due to inflation). The inflation is made worse because Nigeria is heavily import dependent so the CBN had to take drastic measures to preserve our foreign exchange (i.e drastic measures to ensure the $/N rate remains fixed at N197).

First they stopped selling $ to BDCs, then they marked 22 items as ineligible for dollars @ the official rate. Now this leaves just a few items such as (1)Raw materials (2)Machineries which cannot be obtained locally as the only items eligible for FX @ official rate. In addition to this (3)The CBN also sells $ to banks (called the interbank market) @ the official rate.

Now that the pressure on CBN to devalue (reason for this is another long story). The CBN has decided to introduce some FLEXIBILITY in the exchange range regime. What this means is there will be one exchange rate @ the interbank market which will be adjusted from time to time depending on the forces of demand & supply) and another exchanged rate to fund what the CBN has termed critical sectors (such as raw materials for agric sector and Machineries for power and energy sector.) Whose rate will be fixed @N197.

HOW DOES THIS AFFECT US?

The effect on us will vary depending on how u source your dollars but expect a general increase your overhead, at least in the short term.

Ask ? if u need further clarification.

First I want to thank you for taking your time to break it down for me and also giving me the peviledge to ask questions. I'm grateful! Previously, I don't care about the international market. But the recent hike in price of comodities got me scared and concerned about the country's economy. To me, it seems the Interbank is the best place to source for FOREX. Now here is my QUESTION; Do you think the banks can meet up with FOREX demands of nigerians trading abroad?

Good day friends. I don't understand a thing about CBN's Flexible Exchange Rate. I'll love it if someone can break it down in lay-terms what they meant or how it will affect our naira. I've read so many source, but the economics is to big for me to comprehend. In fact what might be the value of Naira to Dolllars

Good day friends. I don't understand a thing about CBN's Flexible Exchange Rate. I'll love it if someone can break it down in lay-terms what they meant or how it will affect our naira. I've read so many source, but the economics is to big for me to comprehend. In fact what might be the value of Naira to Dolllars

I believe we all need are batch B. Stop fighting and join the thread

I can't treat any "he said" as credible neither treat the bearer harshly because I know we are just being optimistic that camp will happen soon

A part of gets angry whenever someone accusses the DG of being confused. He is NOT. He is mindless like our leaders prevailent in our system. Even at gun point, they won't name a date. Like I said previously, things are going as planned for NYSC. They want 3 batches and they are committed to getting it. If NYSC wants us in camp soon, they'll name a date. The date ain't close that's why the mute game.

"Be patient!" "Name a date." "We know your pain"

elijahdre:
k4 note not available.k3 note is

Wow! Thanks for ur reply. I'm not a fan of 2gb RAM. What of Redmi Note 3. Not the pro version pls?

NYSC should just give us a date. "Them say......." don tire me

elijahdre:
Redmi 3 pro delivered successfully
Meizu m3 note in transit to omu aran

Elijah please how much is Lenovo vibe K4 note (16GB ROM, 1GB RAM)?

NYSC promised 3 batches this year. It's june already. At this point, I think we are batch B in this NYSC game. Batch C will be next. NYSC having a meeting is not about date, it's about plans. They're playing politics with our lives to meet their promise

dipson546:
I said something here yesterday and some people turned me down ... ok we shall see who is deceiving who very soon

what did you say?

Pls I need lenovo k4 note (16GB Rom, 3GB Ram) here at Ilorin. How much s it?

amas28:
Am very positive that we stream 2 will be in camp dis Saturday/Sunday because as @last week, Kubwa camp Abj have prepared the place for batch B 2015 for them to do their biometrics this week between 1st -10th june, but as I speak it has been moved to Secretariat and preparation is on the way to welcome prospective Corps member 2016 batch A, Stream 2 to camp dis weekend, so if now till 2mro morning, no sms from them, then we have no choice than to wait for 2nd week of July. But let us all be positive, pls anyone to received sms from our Oga @the top should pls notify others that are yet to receive theirs so our mind will be @rest for once. #NYSC#nor#go#kill#us#befor#our#time

N:B
We are not printing another call up letter, as our dashboard is no longer showing print call up letter, there's no need checking again coz same tin happened last yr for stream 2 whn their camp was also postponed.

And what happens to lost CUL?

Guys I keep dashing in and out of Nairaland hoping there'll be good news. What annoys me most is not the delay but the silence, the uncertainty underlying the orientation exercise by the management of NYSC. I'm ANGRY

Neglect, lack of communication is one major cause of violence. NYSC won't just communicate a new date. I'm not saying we should go to war, I'm just lamenting the absence of communication between NYSC and PCMs

I hope NYSC won't be quiet today

I've been following yourcomments assidioudly, hoping for goodnews

I'm assidiously waiting and hoping

Is NYSC enjoying this "waiting" game they are playing?

I'm working asidiously in preperation for both good news and bad news

If by tomorrow morning we don't get a date for camp via text message, then camping is not happening this week. My opinion

Yagazee:
He chained me, beat me up with hammer, abandoned his responsibilities, and has boldly told me he will never regret it. The truth is I hate him not because of the past, but because he hasn't changed a bit. I HATE MY DAD

My advice to parents. Discipline can never be right if always done out of anger. Never let anger drive you whenever you wield the rod

He chained me, beat me up with hammer, abandoned his responsibilities, and has boldly told me he will never regret it. The truth is I hate him not because of the past, but because he hasn't changed a bit. I HATE MY DAD

RZArecta:
640 xl is 44500 on slot's website though I didn't see the 730/735

Thanks

sydneyboss:
Dude, that man told me call up was gonna come out on Tuesday and it did... you have been saying all sort of wrong informations but I never wanted to say anything to u to give you that respect. before u conclude, call that number and verify yourself. FG have given nysc the 13 billion naira they asked and why they postponed this was cos of delay in kit and stuffs, camp is gonna be next week! mark my words

U inspire hope

RZArecta:
anyone will be okay though the 640 has a better battery life

Thanks bro. What about their prices; lumia 640 xl and lumia 735

Switching from Android to Windows. My reasons are two; simplicity & maturity. Please someone should help me with latest price of these two WP, I'll be buying 1. Yet to decide though:

Lumia 735

Lumia 640xl LTE