HungerBAD:


Pile Haemorrhoids.

thanks

mankan2k7:
Eating bottom eating bottom

Please what do english speakers call the ailment known as Jedi-Jedi. You know when the lower back hurts as a result of eating too much sugar.

Bevista:
As you probably know already, oil accounts for over 90% of Nigeria's FX earnings. This means that when oil price declines, FX receipts into the country's Reserves will also decline.
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The CBN uses the FX from the Reserves to auction to importers of essential items like fuel, critical raw materials, etc. They also use the FX in the reserves to clear international payments, whether they are LCs by other large importers or your offshore ATM withdrawals or online/POS purchases.
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As you are also already aware, Nigeria is an import dependent country. Currently, due to declining oil prices, demand for FX by importers (+ MasterCard/VisaCard purchases and withdrawals) is higher than FX receipts into the CBN Reserves. If the CBN continues to meet this demand at its current level, then the Apex Bank will soon run out of Reserves.
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Once the country runs out of Reserves, there will be cataclysmic consequences. We'll need to borrow FDRs from the IMF with all the attendant conditions. Also, international banks and merchants like Amazon, Ebay, etc will effectively unplug Nigeria from the international payment system.
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The CBN has chosen to eliminate certain import items from accessing the FX Reserves. They have also restricted the use of MasterCard/VisaCard for POS/online payments as well as international ATM withdrawals. All these are to protect the Reserves so that essential items like fuel, arms, critical raw materials, etc can still be imported into the country.
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Also, by pushing everyone else to the parallel market, the rate in the parallel market might go over N300/$1. This should make imports expensive, thereby forcing foreign/Nigerian business men to consider setting up local production facilities instead.
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The mess we are in is not caused by CBN. The Bank is merely trying to prevent a bad situation from getting worse. The blame should go to previous governments for not saving enough in our FX Reserves during the Oil boom and for not diversifying the economy to make us less import dependent.
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That's already too long. I'll be glad to respond to you again if you have further questions.

thank you very much.

menix:
If am to use a theory in Economics, it's called Maslow Theory of Uwa Mmebi..

Maslow stated that during the Era of End Time many unfavorable policies will be introduced the suffer the common man into accepting the MARK..

Seriously i need more explanation for fellow students here. They are tired of my low oil price/revenue explanation.

Please anyone/all the economist/business administrators on NL.

What is economics/rationale/objective behind rationing of forex, withdrawal limits for Naira mastercard, ATM withdrawal limits and other anti spending CBN policy.

Malaysian police wear blue uniform and malaysian developers don't design their apartments like we see in the OP's picture. Those are slumdog millionaires from the ->

kill before it lays eggs.

Awon omo ale, ako tile fun ole. yeye youths

This gut never do anything for Kwara o. Useless fellow.

PDP is taking credit for usurping the senate leadership from APC, yet some myopic people claim APC as the majority and ruling party has no right to organize itself, create structure and orderliness ("impose candidate") in the legislature.

This is the kind of environment in which PDP and their supporters thrive, a Zoo "The person with the most gra-gra takes it all".

When the opportunity arises, Saraki, Dogara and every treacherous vile creature in the national assembly should be mercilessly dealt with.

PDP is taking credit for usurping the senate leadership from APC, yet some myopic people claim APC as the majority and ruling party has no right to organize itself, create structure and orderliness ("impose candidate") in the legislature.

This is the kind of environment in which PDP and their supporters thrive, a Zoo "The person with the most gra-gra takes it all".

When the opportunity arises, Saraki, Dogara and every treacherous vile creature in the national assembly should be mercilessly dealt with.

Coach Garuba!!!! Use your subs na!!

Tell that goalkeeper to stand up jor!!

Feels like germany has 15 players while we have 11.

Nigeria's goalkeeper is way below average.

Keneking:
Ok---only a politician would spend this.

1. Rental of shop = N2,000,000 per annum X 2 years = N4mil
2. Stock (wines etc) = N5,000,000
3. Fit-out of shop (tiles, lightnings etc, lounge) = N2,000,000
4. Signage = N200,000
5. Security = N200,000
6. Genset (15KVA) - N2,000,000
7. Delivery - outsourced
8. MD/CEO Utility car - N5,000,000

Total = N20mil plus

Where is the N15mil difference coming from
This Jonathan government sef

Hmmmm Awon aye!!! Dey don help her calculate am.

LajaLaba:
Ibos and Tìnubu u people will just die of heart attack useless people

The same smear campaign was launched against OBJ immediately after the 2011 election.

Justcash:
Raheem Agbaje Salami, 50, Nigeria:


Salami was caught smuggling 5.3 kilograms of heroin into Indonesia in 1998.

Salami, who initially was wrongly said to have come from Spain, spent five years believing that he would one day be released.

He had been sentenced, in 1999, to a life term by the Surabaya District Court in East Java for bringing the stash of heroin through Surabaya airport.

In 2006, however, the Supreme Court upgraded his sentence to death.

The picture is Malaysia. The guy was sentenced in Malaysia. That's the Malaysian police uniform.

www.nairaland.com/attachments/2354611_image_jpeg9f360c5ab7736510df54c882e9dbf188

tochukwuifeduba:
more

Stop the bobo us. This is black scorpion oko iya Ojukwu.

www.nairaland.com/attachments/2351598_biaraartillery_jpega727410920854ce032520e0d733a9a60

So you are admitting that Biafra got help from mercenaries.

www.nairaland.com/attachments/2351596_biafra8_jpeg48dd03281617a820379ecb394e65ad3c

xenophobic or terrorism.

imagine that 1diot buying 8 SUV for someone that does not need it instead of him arming his youths to defend their villages.

its not xenophobia, it's terrorism and only the villages can trace them into the jungle and neutralize them.

Mogidi:
Good to know he takes his personal security and welfare seriously.
Watch your back I say, beware of Tea prepared by Tinubu or Osinbanjo.

Sai baba

Ozigbondu:
IBB coup has taught him a very important lessons-beware of those surrounding you pretending to be friendly or in this case tinubu and his fellow broom waving agents

You cretins have started your campaign against Tinubu too now like you did against OBJ. monkey no work, make flat head baboon come chop am again.

[size=3pt]Testing[/size]

Nigeria is not a nation of Immigrants, respect yourselves please. Enough of the nauseating demands, ultimatums and declarations. Sell your wares and go back to wherever the F%^K you come from.

mmsen:


I don't watch many movies, least of all South African movies - is that all South African movies or just one particular film? And was it made by a South African or a Nigerian looking to perpetuate silly stereotypes? That is what entertainment largely does, feed nonsense to the consumer.

My point still stands - ask the average South African, Malaysian, Brit, American or Australian to pick out the Yoruba or an Igbo man and he won't be able to. Nor would they care - they would simply see another African. Most cannot differentiate between someone from the Gambia from someone from Kenya or Nigeria but you reason that[b] they can tell the difference between a Yoruba speaking person and an Igbo speaking person?[/b]

Believe me in all these countries they do now, within the law enforcement and judicial community.

mmsen:


The people in those countries don't even know the difference between Africans from different nations and regions but you want to clam that they know the difference between Nigerians where the only difference is linguistic?

Those people don't care, nor should they.

Watch South African movies, when Nigeria is featured in a story line. it's either a ruthless drug dealer who is a from a "special tribe of israel, his people were murdered during a war, he has a thick accent and wears a red beret". The other type of Nigerian featured in their movies is "business from Lagos that shuttles both S.A and Lagos.

And the Thai, Malaysian, Chinese law enforcement will ask straight up. "Which part of Nigeria are you from?"