Abi ooo!

Never mind the idiot.

VikingKing:


You will defend the devil himself as long as he's willing to pay you. Where are the imaginary dollars you once said we will save from subsidy? How much is the naira which you said will gain massively when the imaginary dollars start trickling in? Your own na to just dey form expert on every topic when you know absolutely NOTHING! What's up with the dollars you said we will save after Binance? Empty barrel!

Please check my profile for the real free stuffs

FreeStuffsNG:
Petrol is cheap to buy and import from Malta because most oil companies are aware that it's cheaper to refine and produce Petroleum products in Malta.

If it gets expensive tomorrow, Petrol importers and refiners will go elsewhere. Watch out for Venezuela in few months time.

May God bless Nigeria for ever! Check my signature for free stuffs!

so they can depend on Malta for now but Dangote refinery will be so expensive?!
I do say it on nairaland u are part of this government not just a citizen, I swear!

Definitely because it's Nigerian politicians way. I did my youth service among them and I know why I said that!

CyrusVI:


But if they siad they got 50m hardship bonus, u go believe

Na wa for u

For dream or real life?

For?
Fct for the first time💪🤸🕺

Am not a pastor, when NNPP won u told my wife that Sanusi is coming back. So no campaign here. Infact baby can predict that correctly.

So Tinubu that rigged himself in no desperate?!
Idiot.

China! Nigeria master?

As much I be Yoruba guy if Na Tinubu u will support it. Let be straight in this country

helinues:


That same state assembly have the power to impeach the governor.

Simi better move on from that and find a way of working with the state assembly

07088995151

Eye service

The fear of state police beginning of wisdom

U can imagine what u wish somebody that doesn't even know talkless hurting u. Seun u seriously need to do something about this forum before it get locked again

CHRISTFUCKER:
I hope he died a pathetic and painful death

Okay!

Let the movie start

Chai my always gentle FAAN oga don go. I will always like him he is a gentle and active man to the core

He need rest,After all the hustle for oyinbo land! The advanced and professional artist always rest after tour because it's not easy.

Nigeria is the only African country among the top ten countries with the highest number of students in the United States.

This was disclosed in the new Open Doors Report, published by the Washington-based Institute of International Education (IIE) on Monday, Nov. 13.

According to the report, the number of Nigerians studying in the United States of America rose by 22.2 percent within one year, despite the foreign exchange crisis.

The report noted that enrolment from Nigeria increased to 17,640 in the 2022/23 academic year from 14,438 in the previous year.

It said the US hosted 1.06 million international students during the academic year, a 12 per cent increase compared to the previous academic year.

Below is the full list the top ten countries with the highest number of students in the United States:

1. China (289,526 students)

2. India (268,923 students)

3. South Korea (43,847 students)

4. Canada (27,876 students)

5. Vietnam (21,900 students)

6. Taiwan (21,834 students)

7. Nigeria (17,640 students)

8. Japan (16,054 students)

9. Brazil (16,025 students)

10. Saudi Arabia (15,989 students)

https://www.lindaikejisblog.com/2023/11/nigeria-among-top-ten-countries-with-highest-number-of-students-in-the-us.html

Imagine I will first pay 25k?!

For the site that didn't open

Then go abroad or u seek knowledge to know how it show be functioning! The noise is killing we Nigerians. Am a Christian but even the Bible put moderation to everything. England and Saudi that brought Christianity and Islam try and do those noise there u go see she but everything in Nigeria na over Sabi.

obi58:
If the government was as serious in fixing public infrastructure in the state perhaps so many people would not have need to seek for divine solutions in such places of worship.

Ps. How can bars function without music?

I love this, but u should av speak out when the idiot called Reno onikiri arindin(slowpoke) first mention obideients, instead of asking Nigerians to help the man that put smile and laughter on our faces. I be confirm IJEBU boy but I hate sentiment!

kokoA:
Remove "Obidients" there. The man entertained all Nigerians. People are donating because they love him irrespective of political affiliations.

Infact most people that as ruled this country doesn't av a plan, they are all just concern about the title GCFR. Because I don't understand the issue of paying a peanut to 15million family just for six or three month?!
And the ordinary people are dieing everyday.
We need to replan this forced entity.

U don't know any truth! Stay in your lane and let's others live, I was also born a Muslim and went to Arabic school(Ile kewu).
but thank God I found Christ through my prcious mother.

CoronaVirusPro:


I was a Christian before and a titled one in the past.

I have read both books and know the truth!

You know the problem with people like you? You have never read the Quran.


And Google is your friend! Islam is the fastest growing religion!

Always do research, Egypt and some country that ban homosexuality are progressing, for example China and Russia. Nigeria should wake up pls.

nototribalist:
how about them banning Uganda for not accepting homosexuals

Haa

Most of u people can't do research, u just open YouTube thinking Loring will bring traffic?
If I open that YouTube page make I bend.

Good. But Nigeria continue borrowing, I don't even understand again. We have almost every resources on earth,but we no dey stop borrow borrow.
I tire!

The Nigerian naira is among the worst-performing currencies in Africa, the World Bank has said.

It noted that the currency weakened by nearly 40 per cent against the US dollar since a mid-June devaluation.

The global bank explained in its report titled, ‘Africa’s Pulse: An analysis of issues shaping Africa’s economic future (October 2023 | Volume 28).’

It stated that, “So far this year, the Nigerian naira and the Angolan kwanza are among the worst performing currencies in the region: these currencies have posted a year-to-date depreciation of nearly 40 per cent.

“The weakening of the naira was triggered by the central bank’s decision to remove trading restrictions on the official market. For the kwanza, it was the decision of the central bank to stop defending the currency as a result of low oil prices and greater debt payments.”

Other currencies with significant losses so far in 2023, according to the World Bank, included South Sudan (33 per cent), Burundi (27 per cent), the Democratic Republic of Congo (18 per cent), Kenya (16 per cent), Zambia (12 per cent), Ghana (12 per cent), and Rwanda (11 per cent). It noted that parallel exchange market rates are also compounding inflationary problems for some countries in the African region.

In June 2023, the Central Bank of Nigeria directed Deposit Money Banks to remove the rate cap on the naira at the official Investors and Exporters’ window of the foreign exchange market, and allow the free float of the naira against the dollar and other global currencies. Since then, the naira had fallen from N473.83/$ to around N800/$ officially.

Highlighting the widening difference between the parallel and official exchange rates of the naira, the bank stated that this had been the case from March 2020 until June 2023.

It said the parallel rate premium increased to 80 per cent in November 2022, and then to about 60 per cent in June 2023, as the Central Bank’s interventions to restrict foreign exchange demand and keep the exchange rate artificially low were met with declining FX supply from oil revenues.

The unification and liberalisation of the exchange rates in June 2023 allowed the NAFEX rate to converge to the parallel one, closing the gap, it said.

It added, “However, resistance toward the increasing pressure on the Nigerian naira coupled with limited supply of FX at the official window has led to the reemergence of the parallel market premium.”

Nigeria’s growth rate would decelerate from 3.3 per cent in 2022 to 2.9 per cent in 2023, the Washington-based bank highlighted.

It stated that the country’s oil production had remained below OPEC+ quota amid capacity issues and lower international oil prices and while non-oil economic activity, particularly industry and services still supported growth, policy actions to remove fuel subsidies and unify the exchange rates might be weighing on these activities in the short term.

The World Bank noted that activity in Nigeria’s manufacturing and services sector contracted in August. “Weak business confidence and rising input costs are driving the contraction of activity,” it said. It stresses business confidence appears to have weakened in Nigeria.

Commenting on the recent reforms of the new administration of Bola Tinubu, the global bank disclosed that purchasing power of households was expected to suffer in the short term.

It said, “The incoming Tinubu administration implemented a series of reforms that included the removal of fuel subsidies and the devaluation and unification of the exchange rate system. Petroleum prices have more than tripled since the subsidies were lifted at the end of May.

“The naira has weakened by nearly 40 per cent against the US dollar since the mid-June devaluation. Although these measures are intended to improve the fiscal and external accounts of the nation, their inflationary effects in the near term can erode the purchasing power of households and weigh on economic activity.

https://punchng.com/naira-among-africas-worst-currencies-falls-by-40-wbank/