EggovinMma:
A very hopeless mother and daughter.
If the wife was industrious, that 300k would have be managed and spent well.
Sometimes the wat we treat our bread winners can send them to early to their graves.

A foolish daughter indeed!
A woman staying close to my place her makes profit from akara and yam sales, enough to feed her family.Lazy wife!

HARDDON:


as much as you would hate to admit it, no true fan enjoys his clue's defeat!
hope you all shekpe fans begin to have a sober reflection, bridle your wild tongues, starting from that your coach whose arrogant nose has just been rubbed on the dust of humiliation!

ocelot2006:


ON POINT!

I'm totally disappointed with Utomi. Arrant nonsense >(

ocelot2006:


ON POINT!

I'm totally disappointed with Utomi. Arrant nonsense >(

helpee:
@ barcanista, thanks for the analysis. kindly disregard those that have nothing to contribute except shouting wailing wailers. But i disagree with you. naira actually depreciated against the dollar because of excessive speculation. As you know, due to the ban on 41 products importers from accessing forex at the official rate, they had to source it from the parallel market. The excessive demand for forex by these importers from the black market at first created a scarcity that pushed the dollar up temporarily. speculators then cashed on that and started hoarding dollars thinking the dollar will keep rising against the naira especially since the new govt has no concrete plan in place. i was almost caught up too. i was advised to change most of my daily sales to dollars and then deposit in my DOM account in speculation of a further weakening of the naira. therefore, the banks were flooded by speculators with dollar deposits and many of them under the disguise of importation are laundering the money abroad via transfer. so, by refusing to accept the dollars, the CBN is playing a very smart move aagainst speculators. many people are therefore caught with dollars which they cant transfer or even deposit except to convert it to naira. therefore, the economy is flooded with dollars and demand is less than supply so the dollar must come down.
IS IT SUSTAINABLE/
Yes but we will temporarily suffer in sacrifice for a prosperous naira. importers will be temporarily caught unaware. the CBN will only create a bereaucratic bottleneck that will make it difficult for anybody except importers to access forex. BVN is one of the them. money launderers that used to access forex and transfer via DOM account will be cut off by the bottleneck. speculators will not find it attractive to hoard dollars because unless they ggenuinely need the dollars, they wont be able to get value for it since they cant spend it locally, cant transfer and cant even deposit. what do you need a useless dollar for?
it is not easy to open domicilliary account in neigbouring countries like you suggested unless you are a citizen or permanent/legal resident so few will be able to divert import activities to the neigbouring countries. therefore, even without increasing local production of imported stuffs, the naira will still stabilise against the dollar at a favourable position cos the most damage done to the naira usually comes from speculators. once we only access just the dollar we need for importation, school fees and other legal business abroad, we will stop speculating with the naira .
Even if things are temporarily expensive, we youths should take up the challenge and start producing. you can start with toothpick for example cos it is part of the products banned from accessing forex officially. the bottomline is that if it will be sustainable we must support the CBN in this quest. this is the first policy of this govt/CBN that i support.

hahn:



How did our posts on afro candy daughter's graduation end up under Mike nollywood sh*t topic?

Some mod has spoke weedy!

I don't comment on nollywood, for d records





Una miss road no be small.

The hustle for FTC has turned you guys into something else. Not something good sha