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Monday, 13 July 2015

Big gobe!!!.... 1dollar is now 241naira

The naira hit another record low of 241 against the dollar at the parallel market on Monday as the Central Bank of Nigeria’s restrictions on foreign exchange sale fuelled unofficial trade in dollars, Reuters reported.

The ban on importers from accessing the Nigerian foreign exchange markets for the importation of 41 items had led to the volatility of the naira-dollar exchange rate at the black market.

Since June 23 when the new forex rule became operational, the naira has fallen by 10.5 per cent from 218 to 241 against the greenback.

Foreign exchange dealers said the artificial scarcity of the United States currency still pervaded the market.

The new forex rule had led to huge demand at the parallel market, causing dealers to hoard the dollar in anticipation of further fall in the naira

Economic analysts had said the CBN needed to devalue the naira to allow the local currency achieve an equilibrium price against the dollar.

The central bank had however said it would not be focusing on the thinly-traded parallel market when determining the exchange rate, adding that people preferred to use the unofficial market for undocumented transactions.

Foreign investors had been on the sideline, waiting for the CBN to devalue the naira before investing in naira-denominated assets.

Local and foreign analysts had predicted that the naira might hit 250 against the dollar at the parallel market any time soon if the artificial scarcity trend continued.

The central bank appears to be in a fix as the spread between the official and parallel market continues to widen by the day.

Meanwhile, stocks fell to a more than three-month low and the naira on Monday, Reuters reported.

The local bourse, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, dropped for the ninth consecutive day as investors shed banking, consumer and oil shares.

Sunday, 15 March 2015

#SundayService Topic - Provoking Divine Vengeance Of God by Pastor Solomon Oluwafemi (15th March,2015)

¤In an attempt to fulfill destiny,people will rise up against u
¤Life is full of dream killers and they don't encourage dreamers
¤People will want to slow you down
¤The God of Vengeance will move on your behalf
¤You will be confronted by Human Wickedness
¤Be careful with the people you share your dream with
¤You need the God of vengeance to achieve your dream
¤The World is full of Wickedness
Bible Verse- Psalm 94 vs 1
¤When The lord show up in your battle field,that's the end of the battle
¤When the Lord decide to arise for your sake,It will be a major
calamity and tragedy for your enemies
¤Isaiah 38 vs 8
¤Isaiahh 61 vs 2
¤Isaiah 63 vs 4
¤today is the day of God's vengeance
¤Exodus 15 vs 3,Exodus 14 vs 14
¤for you to be happy and to achieve what you want ,God of Vengeance is needed
¤For your prophecy to come to pass,you need God of Vengeance
¤Luke21vs22,Deuteronomy 32vs35,Hebrew10vs13
¤Some enemies must go down for you to go up
¤Matthew 2 vs 20
¤When a witch die,there will be peace
¤Confession of a witch is not the end of the road until they die
¤2 King 1 vs 9-13
¤Women are the last born,God will always listen to them
¤what to do to provoke the vengeance of GOD : 1.Surrender your life to
Jesus (You know the aspect where you go wrong)
2.Holy Violence
3 Holy Desperation(Don't be quite ..look quite and be rugged in the spirit
4.Violence Faith in God (believe in God)
5. Call on the God of Vengeance when things are not going well

Amen Amen Amen
Happy Sunday

Saturday, 14 March 2015

Open Letter to Kiss Daniel (Woju crooner)

Dear Daniel
It's really good that Nigeria is fun of talents and you are one of the
them.You are very good and you have won the heart of music lovers
I first listened to your song 'Woju' in school when I was preparing
for an exam and I was done reading;a friend of mine just played the
song and I enjoyed it so much.I can't count the number of times I have
played your song and I keep putting it on repeat.The remix of the song
was over hyped and it only gave you recognition for singing with music
top shots though it didn't improve the song itself.You are on the
verge of winning the next rated of Headies if and only if you release
singles after singles.Don't be a 'one-song' hero like most nigerian
artiste like Kel,Bigiano,ZuleZoo,Kas,Azadus and the rest.You need to
keep improving on yourself if you want to be someone to reckon with in
the industry.I know it's not easy but please Work hard and you will
keep thrilling your fans with nice tones..

Your Fan

Thursday, 12 March 2015

Finally, Boko haram Joins ISIS

The Islamic State group has welcomed a pledge of allegiance to it made by the Nigerian terrorist organisation Boko Haram, according to an audiotape Thursday purportedly from its spokesman. "We announce to you to the good news of the expansion of the caliphate to West Africa because the caliph… has accepted the allegiance of our brothers of the Sunni group for preaching and the jihad," IS spokesman Mohammed al-Adnani said in the message, using the Arabic name for Boko Haram.
Itself a radical Sunni Muslim movement, IS has
seized large swathes of Iraq and Syria and declared an Islamic "caliphate" there, and has
also drawn expressions of allegiance from
jihadists in Egypt and Libya. On Saturday, an audiotape attributed to Boko Haram leader Abubakar Shekau said "we announce our allegiance to the Caliph of the Muslims, Ibrahim ibn Awad ibn Ibrahim al-Husseini al-Qurashi,"
referring to IS leader Abu Bakr al-Baghdadi.
Shekau has previously mentioned Baghdadi in
video messages yet stopped short of pledging formal allegiance.But there have been increasing signs that the Nigerian militants, whose six-year insurgency has claimed more than 13,000 lives and left 1.5 million people homeless, have been seeking a closer tie-up.
IS spokesman Adnani urged Muslims to join
militants in West Africa and insisted that the
caliphate was growing.
"Our caliphate is resisting and it is advancing in
the right direction. We are fighting the Crusaders and the rafidah (Shiites) and day by day the. Islamic State is becoming strong," he said.He insisted that the jihadist group is "sure of its victory" regardless of the challenges it is facing.For months, IS has been targeted with air. strikes from a coalition led by the United States and. suffered territorial setbacks in Syria and Iraq.And Iraqi government forces have closed on the city of Tikrit this week in a bid to retake it from the group.
Culled from NAIJ.COM
Sent from my BlackBerry® smartphone provided by Airtel Nigeria.