FahBuLous:
VINI JNR?
RODRI?
CAVAJAL?
MESSI?
LAUTARO MARTINEZ?
BELLINGHAM?

MasterJayJay:


https://www.gistlover.com/verydarkman-storms-disability-home-tests-prophet-jeremiahs-miracle-water-on-them-following-n1bn-lawsuit-from-clergyman/


 

https://www.instagram.com/verydarkblackman?igsh=OTZzMXN3ZHFjeHly

SaidaBoj3:
No sense at all.

I suggest every Nigerian Politician contesting for any Political position must be well grounded in Economics regardless of their areas of specialty. They way some of these men handle the economy is kindergartenlike

EdiskyHarry:
Every crime in the world,a Nigerian must be among

iwaeda:
Nigeria is expected to devalue its currency after the 2023 gen­eral elections in February by the steepest margin in six years to align it with market percep­tions, according to a survey of investors and analysts, reports Bloomberg.

Nigeria operates a multiple exchange regime dominated by a tightly controlled official rate, cutting off access to many busi­nesses and individuals, which in turn drives demand to the unauthorised black market.

This has led the spread be­tween the managed and par­allel markets to significantly widen. The difference is almost 77%.

Of the 13 participants in the Bloomberg poll, 11 expect the Central Bank of Nigeria to devalue the naira after the election. The remaining two predict it will continue with a gradual depreciation of the currency that started with the adoption of the more flexible NAFEX, also known as the investor’s and exporters’ ex­change rate, last year.

Interesting as it seems we hope to see true changes and not business as usual with same circle of references of politicking

“There will be a major de­valuation either on President Muhammadu Buhari’s way out or in the first few months of the new administration,” Ikem­esit Effiong, head of research at SBM Intelligence in Lagos, said in an emailed response to questions.

Nigeria adopted a multiple exchange-rate regime to avoid an outright devaluation of the naira by keeping a stronger pegged rate for official trans­actions and weaker exchange for non-government-related transactions.

The central bank has main­tained the currency manage­ment system despite entreaties from the International Mone­tary Fund and the World Bank to scrap the practice.

Last year, the central bank devalued the currency by 7.6% in a move toward a single ex­change-rate system.

The median estimate is for the next devaluation to weaken the currency by as much as a fifth that would take the naira to 533 per dollar. Last month, Bank of America Corp. Econ­omist Tatonga Rusike gave a similar prediction. The me­dian of 10 participants in the Bloomberg poll sees the fair value of the local unit at 583 per dollar.

Naira forward contracts are pricing in a depreciation of about one third over the next year. A markdown between 20% and 33% would be the largest since 2016. The naira has weakened 4.5% against the greenback this year.
A devaluation would like­ly push up annual inflation that’s at a 17-year high of 21.1% — although it’s already been impacted by the weaker black-market rate — and cause a one-off increase in the ratio of public debt to gross domestic product, said Mark Bohlund, senior credit research analyst at REDD Intelligence. Debt-ser­vice costs consumed 83% of government revenue in the eight months through August, according to the budget office.

“More materially, the fiscal balance would improve due to the majority of revenue, that is from oil, being dollar-denomi­nated, while expenditure is naira-denominated,” Bohlund said. Africa’s second-largest crude producer relies on oil and gas for about 90% of its export revenue.
The scale of the devaluation may be influenced by who wins the presidential vote, said Dan­iel Sodimu, sub-Saharan Africa analyst at FrontierView, who estimates the naira’s fair value at 650 against the dollar.

“If a pro-business leader wins the election, then it is likely a devaluation would be sizable enough to make Nige­ria’s economy smaller than South Africa’s, using the offi­cial rate to convert,” Sodimu said. Such a move would help stop the shortage and rationing of dollars, which have been a drag on business operations in the country and an overall dis­incentive to invest in Nigeria, he said.

An incumbent party re­taining power may see modest changes such as “the current crawling adjustments to the exchange rate will remain, so it will keep Nigeria as the larg­est economy, on paper,” Sodimu said.

https://independent.ng/naira-may-be-devalued-after-2023-elections/

FirstSon01:
Ayo Oritsejafor used his private jet to carry billions in cash for a Nigerian politician. A governor.

Obi used his car to steal millions of naira in cash.

Birds of a feather

F117nighthawk:
What is the price of a very good iPhone xr in Lagos, I need 64gig urgently
It must be UK used, thank you

Natbrowny:
Nigerians are criminals.

Dem dey put yeye rice inside Tomato rice sack and sell as Tomato rice.

Naija ehn.. I tire

Lama70:


Yours is a new teaching, different from what I have heard and known over the years.

I must agree that you have the right to your opinion. Wether that opinion would be validated or agreed to by those listening or reading is a different thing.

Finally, I will encourage that you give prominence to this your thoughts so that more people will be aware of it. If not, your decision to troll me will just amount to "winking in the dark". Only you know what you are doing. No one else.

Regards!

Jestin:
May the lord keep you safe Padre. Nigeria is in a critical situation right now and it will only get worse if Tinubu is voted as the next boss president

MrFixIt007:
Na wa oooo 21,000 persons nor be 21 people oooo. These Employers should also consider that many lives depend on those jobs ooooo

karsey:
The kinda brain drain wey dey occur via this country side no be here

Everybody wan jakpa...any way na way

mema900:


No oh...nah you just be regular user, MTN get broadband Internet thats so fast...but for special customers

OnyeObodo:


You guys are very funny in Nigeria and thats why oyibo dey use una mop ground.

Swift offers super unlimited internet at 25k a month. Same with Smile and Spectranet. But una penchant for anything oyibo dey kill una.

Pray tell me, what do you intend to do with a speed of 100MBPs? Are you streaming data from heaven?

I do hope you know that at 99$ a month and you have like only 1000,000 subcribers... Thats 99 million dollars leaving that country monthly? Una wan die?