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Politics / Re: Chad Recaptures Nigerian Town From Boko Haram Militants by watchman111: 3:46am On Jan 30, 2015 |
EVarn:the reason why it seems bokoharam is stronger than the Nigerian army is because they have infiltrated into the ranks of the Nigerian army,thereby making the army very predictable and vulnurable.so it is easier for them to dispose of the Nigerian army but difficult to combat any other army.this is why a group of armed vigilante could take out bokoharam...take note bros,Nigerian army will finish Chadian army at a go,when it comes to war.. |
Religion / Re: What If Hell Truly Exist?? by watchman111: 2:49am On Jan 29, 2015 |
shaking my head.. |
Politics / Re: Naira Vs Dollar by watchman111: 11:34am On Jan 28, 2015 |
Fash20:hehehehe |
Romance / Re: Negative Effect Of Sleeping With A Prostitute. by watchman111: 9:59am On Jan 28, 2015 |
neyur:stop trying..the bible says.submit yourself to God and resist the devil he will flee...all you need is spiritual growth... 1 Like |
Politics / Re: Naira Vs Dollar by watchman111: 7:36am On Jan 28, 2015 |
Fash20:nope.naira vs dollar |
Politics / Naira Vs Dollar by watchman111: 9:23pm On Jan 27, 2015 |
There are indications that the naira, which hit 208 against the United States dollar on the streets of Lagos on Friday, may drop further as politicians seek more of the greenback to fund campaigns few weeks to the general elections. The naira had on Friday crashed against the US dollar from 191 to 208 at the parallel market, otherwise known as the black market. Foreign exchange dealers told our correspondent on Monday that the Central Bank of Nigeria’s stringent requirements for purchasing dollars at the official and interbank segments of the forex market had forced the politicians to take to the Bureaux de Change and street markets in recent times. At least 60 per cent of the total demand for the dollar at the BDCs and black markets is being fuelled by the politicians who are currently stepping up preparations for the February elections, according to findings. The CBN had on Friday increased its weekly dollar sale to each of the over 2,500 BDCs in the country from $15,000 to $30,000, over six months after it slashed the figure from $50,000 per week to $15,000. But forex market officials on Monday said unless the central bank increased the amount of dollar sale to the BDCs, the naira might fall further against the greenback. The dollar sold for between N207 and N208 on the streets of Lagos and Abuja on Monday. At the interbank market, it closed against the dollar at N191.20. The Head, Investment and Research, BGL Plc, a research and investment advisory firm, Mr. Femi Ademola, said everything was still tied to the falling oil prices, adding that the CBN’s inability to match the rising demand for the dollar with supply was traceable to the nation’s dwindling forex revenue. He said a further devaluation of the naira after the elections might be inevitable unless the price of crude oil went up. Ademola added that unless the price of oil rose, the CBN might be forced to move the official midpoint of the dollar from the current N168 to N200 after the elections. Already, the CBN, in a bid to mitigate the pressure on the naira, last week stopped banks from selling dollars to the BDCs, while it increased its weekly dollar sale to each of the operators from $15,000 to $30,000. It also said dollar funds purchased at the interbank and official segments of forex market by the banks must be strictly used for funding Letters of Credit, Bills for Collection and invisible transactions; and stopped dollar sales to other approved buyers. “The CBN’s decision to increase the dollar sale to the BDCs from $15,000 to $30,000 is commendable but in order to further calm the market and stop volatility of the naira, the central bank needs to increase this amount to at least $50,000 to each operator,” the Acting President, Association of Bureau de Change Operators, Mr. Aminu Gwadabe, told our correspondent on Monday. He said the central bank needed to meet up with the dollar liquidity demand in the market in order to calm the market fully. Asked if politicians were fuelling the demand at the street and BDC markets, Gwadabe said, “We cannot rule out the fact that politicians are fuelling the demand at the street market because most of them prefer to provide their gratification during this election period in dollars.” |
Religion / Re: What If Hell Truly Exist?? by watchman111: 8:01pm On Jan 27, 2015 |
Weah96:really? |
Jokes Etc / Re: I Park My Motor On The Road Just To Enter Market And I Can't See It Again. by watchman111: 7:16pm On Jan 27, 2015 |
ur gbagaun is the cause of it... |
Sports / Re: Senegal Vs Algeria: AFCON 2015 (0 - 2) On 27th January 2015 by watchman111: 7:14pm On Jan 27, 2015 |
SA on their way out.. 2 Likes |
Romance / Re: 5 Reasons Ladies Find It Difficult To Approach Guys by watchman111: 7:13pm On Jan 27, 2015 |
englishmart:this arrogance is the same reason y girls hate asking guys out.. |
Religion / Re: What If Hell Truly Exist?? by watchman111: 6:32pm On Jan 27, 2015 |
gatiano:pips trying to deny the existence of hell(eternity)..the fact is,it does exist.ur blving it is inconsequential.. |
Religion / Re: What If Hell Truly Exist?? by watchman111: 6:00pm On Jan 27, 2015 |
Weah96:how do you mean.. |
Religion / Re: What If Hell Truly Exist?? by watchman111: 4:53pm On Jan 27, 2015 |
Redlyn:logical rubish 2 Likes 1 Share |
Religion / Re: What If Hell Truly Exist?? by watchman111: 4:51pm On Jan 27, 2015 |
MrPresident1:..... |
Politics / Why Is Bokoharam So Strong???? by watchman111: 3:18am On Jan 27, 2015 |
I have only one question.....WHY IS BOKOHARAM SO STRONG??...what is the source of their strengthwhy is shekau so invincible?...sorry I asked three,I just de vex.. |
Religion / Re: Rep Your Church by watchman111: 11:35pm On Jan 26, 2015 |
I rep aladura |
Religion / Re: Rep Your Church by watchman111: 11:35pm On Jan 26, 2015 |
I rep winners.. |
Religion / Re: Rep Your Church by watchman111: 11:26pm On Jan 26, 2015 |
saintopus:is eckanker a church?? |
Religion / Rep Your Church by watchman111: 8:50pm On Jan 26, 2015 |
let's know the different denomination we have on naira land..let's rep our churches...make we see the church wet plenty pass for nairaland |
Religion / What If Hell Truly Exist?? by watchman111: 1:50pm On Jan 26, 2015 |
I know that they are folks on naira land who don't believe in hell. but my question is,what if hell truly exist...mehn,we better thread carefully.. 1 Like |
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