FEATURESTOP STORY

The flexible exchange rate policy may make Nigerians poorer- Experts

With the recent announcement by the Central Bank of Nigeria (CBN) to allow the Naira exchange rate to be market-driven, experts have concluded that though foreign investments might return to the country in future, the move is going to make Nigerian’s low income earners poorer. NIYI OLAOYE writes.

The Central Bank of Nigeria (CBN) on Wednesday released the highlights of the much awaited flexible foreign exchange market policy. The highlights, which are key notes and agreements reached by the CBN, were released on Wednesday; weeks after the Monetary Policy Committee (MPC) meeting announced that the policy would be introduced.

It would be recalled that on May 24, the apex bank said the policy would allow the bank retain a small portion of foreign exchange for critical transactions.  As a result of this clue, given by the CBN that it will allow the Naira exchange rate to be market-driven, financial experts in the country have therefore maintained that though the foreign investments might return to the country in future, but the move is setting the stage for a devaluation of the currency; there by making low income earners poorer.

Jurgen Hecker, Paris, France-based financial expert in an email noted, “The first implication is that Nigeria’s citizens will be officially poorer. I say officially because that was already the reality before this decision, except that the government and the central bank were hiding this fact, defending an unsustainable exchange rate with official reserves and capital controls.”

According to Hecker, the controls are now coming to an end, though the market must still wait for the details of the decision; stressing that it looks like it will be a transition towards a free-floating regime, but maybe the central bank will continue to intervene at a certain level, “which we don’t yet know.”

On the plus side, he said:“ The fixed-rate regime and the capital controls have been a real problem for foreign investment. So this decision could lead to foreign investment coming back into the country, which will help development in the medium to long term. Importers of goods and services will now also find it easier again to buy dollars to pay for those imports. Of course the official devaluation means that they will need to pay more Naira for the dollars that they need. And this will feed back into prices that Nigerian consumers have to pay for everything that is imported, which, as we know, is almost everything. And that is what I mean that Nigeria has become poorer,” the financial expert said.

Also, Robert Olatunde, Head of Research at Afrinvest West Africa Limited believes that what the CBN has taken the step that will free up the market from the initial control it had. He explained that licensing some primary market dealers, who would be allowed to play in the new foreign exchange (forex) market, will enable funds to flow in, even from other autonomous sources to supply forex to the market.

“Not just that, the CBN has also introduced the futures market which will ensure that those demand that are not due at the immediate time for 3,6 or 12 months can be offloaded through the futures market and that takes out the artificial demand that are not immediate. What is good is that the CBN has standardized it and they provide guarantee,” he stated.

However, he noted that the area of concern is that some of those items that have been banned from accessing forex from the CBN are still banned. “In our view, that may still create some form of market distortion but in any case what they have done now is just to bring in some respite into the market and we would expect that this new market which the CBN has guided will help address most of the concerns around the imbalance.

“At the immediate time, it may take some time before we see some adjustments but definitely we should see the reduction in the spread between the interbank and the official market and the parallel market,” said Olatunde.

Though the CBN said that it would allow a “market-driven” rate on the interbank market in what it called “a transition to a market-based system,” a herd of financial analysts believes that “periodically intervening in the market to buy or sell, is unlikely to appease those who have been calling for a fully flexible exchange rate, particularly since the announcement was not accompanied by a rise in the interest rate. High interest rate is thought necessary by many as a way of attracting foreign inflows. The apex bank did not mention a level at which the currency would be defended,

An economic analyst and Head, Investment Advisory, Sterling Capital, Mr. Sewa Wusu, also believes that the flexible exchange rate will remove arbitrage in the market. That, he added, does not mean that there won’t be black market but it will remove arbitrage opportunity. According to him, the true value of Naira exchange rate vis-à-vis the dollar will be determined on that market. And that is good enough because before now Nigerians did not know the true value of the naira.

His words: “What we were seeing was the parallel market or black market. Now it is the official standpoint by the CBN which is market-determined through the interbank window. Market driven means the forces of demand and supply will intervene. That will fizzle out arbitrage opportunity and allow rates to converge at that interbank window which is fair enough.

“What it means is that people can now see the true reflective rate of the naira and they can plan for their businesses based on that. Secondly the CBN also said that it will open up a futures market which will allow for proper planning. With that platform, most end users can originate deals for the futures and it will be flexible enough that they can know the exact rate at which dollar exchanges for Naira. It will help end users particularly those that do volumes to hedge their trade for the future and there will also be a platform that will also create demand and supply mechanism for the exchange rate.

“I think it is better instead of going to the black market which is not realistic in terms of exchange rate. It is a good one. What is also very important is that the foreign direct investments and foreign portfolio investments can also flow into the country.”

He, however, noted that on the supply side, CBN may not match the supply because foreign reserves are currently down.

“What this window will do is try to push supply into the market and that will somehow give support to the CBN intervention,” he stated.

The Chief Executive Officer, Cowry Asset Management Limited, Mr. Johnson Chukwu, said the flexible market-determined exchange rate regime was long overdue, describing it as “a much-awaited decision.”

“We have been canvassing this for a very long time; we are happy that the CBN has finally adopted it,” he said.

The Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane, who lauded the new exchange rate policy, said the development would eliminate the fears that foreign investors had been nursing about the Nigerian forex policy.

According to him, “from a policy maker’s perspective, you have to be patient. From the consumer perspective you want to insist and be sure that there is transparency and honesty. There is no need having a flexible forex policy that is prone to abuse. Though the new forex policy will not solve all our problems, it will lead to near-equilibrium in the demand and supply of forex.”

He explained that the CBN does not manufacture dollars but only distribute the dollars in a much more efficient manner, stressing that what happened before was a rationing. “We are going to go away from a much more market-driven mechanism,” Rewane said in a TV programme on Wednesday.

A flexible exchange rate, he said, may make the naira to depreciate initially, but it will find its equilibrium price against the dollar and other major currencies over time.

The FDC boss, however, warned the CBN against further creation of a separate forex market where the central bank could sell dollars at cheaper rates for some critical goods and services.

The Lagos Chamber of Commerce and Industry (LCCI) said the new regime will lead to improvement in the efficiency of foreign exchange allocation; reduction in the distortions that currently characterize the forex market and bring the economy closer to equilibrium; improvement of liquidity in the foreign exchange market; and reduction in the current trade arrears.

The Director-General, LCCI, Mr. Muda Yusuf, said it would also lead to reduction in the arrears of remittances, which had accumulated for the past 18 months; reduce uncertainty that investors had been grappling with over the last one year; and boost investor confidence as well as attract greater forex inflows to the economy.

85 thoughts on “The flexible exchange rate policy may make Nigerians poorer- Experts

  • I just want to say I’m very new to blogs and really loved this blog site. Very likely I’m going to bookmark your blog . You definitely come with awesome article content. Many thanks for revealing your blog site.

  • I simply want to tell you that I am just very new to blogging and site-building and seriously loved you’re page. Most likely I’m likely to bookmark your website . You actually come with superb articles and reviews. Many thanks for sharing with us your web site.

  • I simply want to tell you that I am very new to blogging and site-building and honestly liked your blog. More than likely I’m going to bookmark your blog post . You absolutely come with very good articles and reviews. Thanks a lot for sharing with us your blog.

  • I simply want to mention I’m new to blogging and site-building and definitely enjoyed you’re page. Almost certainly I’m likely to bookmark your blog . You surely come with good stories. Thanks a bunch for revealing your website page.

  • I just want to say I am just new to blogs and seriously liked you’re web page. Almost certainly I’m going to bookmark your site . You certainly come with fabulous articles. Kudos for sharing your webpage.

  • I simply want to say I am just new to weblog and definitely liked this blog. Probably I’m going to bookmark your blog . You absolutely come with fantastic articles and reviews. Thanks a lot for sharing with us your web site.

  • I simply want to mention I am newbie to blogs and absolutely liked your web-site. Very likely I’m likely to bookmark your blog . You surely come with amazing articles and reviews. Thank you for sharing your website.

  • I simply want to say I’m newbie to blogging and site-building and really enjoyed you’re web blog. Probably I’m going to bookmark your blog post . You definitely have remarkable stories. Thanks for sharing with us your web page.

  • I just want to mention I am new to weblog and certainly savored this web blog. Most likely I’m going to bookmark your blog . You amazingly come with excellent articles. Thank you for revealing your web page.

  • I just want to say I am just very new to weblog and definitely loved you’re blog. Very likely I’m going to bookmark your blog . You surely come with perfect posts. Thanks a lot for sharing your website.

  • I used to be able to find good info from your blog posts.|

  • Thanks for the distinct tips provided on this blog site. I have seen that many insurance providers offer shoppers generous discounts if they decide to insure several cars with them. A significant number of households have got several automobiles these days, particularly those with elderly teenage young children still residing at home, and also the savings on policies might soon increase. So it is good to look for a bargain.

  • Greetings! This is my 1st comment here so I just wanted to give a quick shout out and tell you I really enjoy reading your posts. Can you suggest any other blogs/websites/forums that cover the same topics? Thanks!

  • Great post here. One thing I would really like to say is most professional career fields consider the Bachelors Degree just as the entry level requirement for an online education. Even though Associate Diplomas are a great way to get started on, completing the Bachelors presents you with many doors to various professions, there are numerous internet Bachelor Diploma Programs available by institutions like The University of Phoenix, Intercontinental University Online and Kaplan. Another issue is that many brick and mortar institutions provide Online variations of their qualifications but typically for a significantly higher cost than the firms that specialize in online diploma plans.

  • There are certainly lots of particulars like that to take into consideration. That could be a nice level to deliver up. I offer the ideas above as basic inspiration but clearly there are questions like the one you convey up where an important thing will be working in sincere good faith. I don?t know if greatest practices have emerged round issues like that, however I’m positive that your job is clearly identified as a good game. Each girls and boys really feel the impression of only a moment’s pleasure, for the remainder of their lives.

  • Hello there! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My weblog looks weird when browsing from my iphone 4. I’m trying to find a template or plugin that might be able to resolve this problem. If you have any suggestions, please share. With thanks!

  • I actually impressed of the info that you’ve have shared. I recognize you’ve aided a great deal of people with this write-up.

  • I truly astonished of the details that you have actually have actually shared. I know you have actually helped a great deal of individuals with this post.

  • I think this is a real great article.Thanks Again. Cool.

  • Usually I do not post on blogs, but I would like to say that this article really forced me to do so! Thanks, really nice article.

  • You actually make it seem so easy with your presentation but I find this matter to be really something that I think I would never understand. It seems too complex and very broad for me. I am looking forward for your next post, I will try to get the hang of it!|

  • Sorry for the huge review, but I’m really loving the new Zune, and hope this, as well as the excellent reviews some other people have written, will help you decide if it’s the right choice for you.

  • Support For Quickbooks, ^^1^844^722^^6675, Quickbooks phone number, ^^1^844^722^^6675,Quickbooks phone support, ^^1^844^722^^6675,Quickbooks TOLLFREE number, ^^1^844^722^^6675, ### $$^^1^844^722^^6675,Quickbooks technical support phone number, ^^1^844^722^^6675,Quickbooks support phone number, ^^1^844^722^^6675,Quickbooks enterprise support phone number, ^^1^844^722^^6675,Quickbooks enterprise technical support, ^^1^844^722^^6675,Quickbooks payroll support number, ^^1^844^722^^6675,Quickbooks payroll support, ^^1^844^722^^6675,Quickbooks premier support, ^^1^844^722^^6675,Quickbooks premier support phone number, ^^1^844^722^^6675,Quickbooks POS support, ^^1^844^722^^6675,Intuit technical support phone number, ((1((844))722((6675))), Intuit support phone number, ((1((844))722((6675))),Intuit POS support number, ((1((844))722((6675))),Intuit point of sale support, ((1((844))722((6675))),Intuit phone help, ((1((844))722((6675))),Intuit help desk, ((1((844))722((6675))),Quickbooks help desk, 1844.722.6675Quickbooks payroll support number, ^^1^844^722^^6675,Quickbooks payroll support, ^^1^844^722^^6675,Quickbooks premier support, ^^1^844^722^^6675,Quickbooks premier support phone number, ^^1^844^722^^6675,Quickbooks POS support, ^^1^844^722^^6675,Intuit technical support phone number, ((1((844))722((6675))), Intuit support phone number, ((1((844))722((6675))),Intuit POS support number, ((1((844))722((6675))),Intuit point of sale support, ((1((844))722((6675))),Intuit phone help, ((1((844))722((6675))),Intuit help desk, ((1((844))722((6675))),Quickbooks help desk, 1844.722.6675

  • What i do not realize is actually how you’re not really much more well-liked than you might be right now. You are so intelligent. You realize thus significantly relating to this subject, produced me personally consider it from so many varied angles. Its like women and men aren’t fascinated unless it’s one thing to accomplish with Lady gaga! Your own stuffs nice. Always maintain it up!

  • This is getting a bit more subjective, but I much prefer the Zune Marketplace. The interface is colorful, has more flair, and some cool features like ‘Mixview’ that let you quickly see related albums, songs, or other users related to what you’re listening to. Clicking on one of those will center on that item, and another set of “neighbors” will come into view, allowing you to navigate around exploring by similar artists, songs, or users. Speaking of users, the Zune “Social” is also great fun, letting you find others with shared tastes and becoming friends with them. You then can listen to a playlist created based on an amalgamation of what all your friends are listening to, which is also enjoyable. Those concerned with privacy will be relieved to know you can prevent the public from seeing your personal listening habits if you so choose.

  • Sorry for the huge review, but I’m really loving the new Zune, and hope this, as well as the excellent reviews some other people have written, will help you decide if it’s the right choice for you.

  • Aloha, I found your blog on Bing Weblogs and think it is pretty intriguing and delivers fantastic material. Thank you regarding this superb post, I will certainly promote this on Twitter. Have a pleasant day on interior design ideas for home and office

  • I admire the beneficial information and facts you provide in your posts. I will bookmark your blog and have my children examine up right here often. From: home interior decoration design ideas

  • Hiya! You some kind of professional website hosting? Great message. Are you able to tell me learn how to subscribe your blog?

  • Attractive section of content. I just stumbled upon your web site and in accession capital to assert that I get in fact enjoyed account your blog posts. Anyway I’ll be subscribing to your feeds and even I achievement you access consistently rapidly.|

  • non compris myspace et facebooke et que là où le blogging est juste une tranche. Plus comme blogueur. Lequel est le plus utilisé et atteint le plus grand nombre de personnes?.

  • Hello! Someone in my Myspace group shared this site with us so I came to check it out. I’m definitely enjoying the information. I’m bookmarking and will be tweeting this to my followers! Superb blog and terrific design and style.

  • Hey, thanks for sharing I always look forward to reading your posts one of the few blogs I still follow home decorated

  • I wish to say thank you of the things that you have actually shared in this blog site.

  • Quickbooks Phone Number)))) 1-844-722-6675 ((((Quickbooks Tech Support phone number @@Call, 1-844-722-6675 for all type help by Quickbooks tech support phone number, 1-844-722-6675 Intuit Quickbooks Tech Support Phone Number, 1-844-722-6675 Quickbooks Help Desk Phone Number, 1-844-722-6675 Quickbooks tech support number, Quickbooks technical support phone number,@@ 1-844-722-6675 @ Quickbooks phone number, 1-844-722-6675 Quickbooks technical support number, 1-844-722-6675 Quickbooks support phone number, 1-844-722-6675 Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number,@@@@ Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number, @@@@@ Quickbooks help number-Quickbooks Helpline Number; Quickbooks help phone number-Quickbooks Helpline Number, Quickbooks Tech Support Toll free Number, Quickbooks Support Telephone Number, Quickbooks Tech Support Telephone number, Quickbooks Tech Support contact number, Quickbooks support contact number, Quickbooks technical support contact number. Call, Quickbooks tech support phone number, Intuit Quickbooks Tech Support Phone Number, Quickbooks Help Desk Phone Number, Quickbooks tech support number, Quickbooks technical support phone number, Quickbooks phone number, Quickbooks technical support number, Quickbooks support phone number. It is very popular toll free number which provide by Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number, Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number. Call, Quickbooks tech support phone number, Intuit Quickbooks Tech Support Phone Number, Quickbooks Help Desk Phone Number, Quickbooks tech support number, Quickbooks technical support phone number, Quickbooks phone number, Quickbooks technical support number, Quickbooks support phone number, Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number, Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number, Quickbooks help number-Quickbooks Helpline Number; Quickbooks help phone number, Quickbooks Helpline Number, Quickbooks Tech Support Toll free Number, Quickbooks Support Telephone Number, Quickbooks Tech Support Telephone number, Quickbooks Tech Support contact number, Quickbooks support contact number, Quickbooks technical support contact number, Quickbooks pro support phone number, Quickbooks payroll support phone number. Quickbooks payroll customer support phone number Quickbooks Support Helpline Number, Quickbooks contact number Quickbooks tech support phone number Quickbooks support team phone number Quickbooks contact number 1-844-722-6675 Quickbooks technical help telephone number, Quickbooks technical help contact number, Quickbooks technical support contact number, Quickbooks contact number, Quickbooks contact phone number, Quickbooks contact telephone number, Quickbooks 24 hour contact number, Quickbooks customer support contact number, Quickbooks customer service contact number, Quickbooks official number, Quickbooks official contact number, Quickbooks 800 contact number, Quickbooks toll free number, 800 number for Quickbooks support, Quickbooks 24/7 support phone number Quickbooks PRO support phone number,Quickbooks PRO support phone number,Quickbooks PRO help phone number, Quickbooks PRO technical support number.Quickbooks PRO support number, Quickbooks PRO phone number, Quickbooks PRO tech support number, Quickbooks PRO customer support number, Quickbooks PRO customer support phone number, Quickbooks PRO customer service phone number, Quickbooks PRO payroll customer service phone number, Quickbooks PRO support phone number. Help@Call 1-844-722-6675/.Quickbooks 24/7 support phone number,Quickbooks telephone number for support? call 1-844-722-6675@./Quickbooks contact number, Quickbooks contact phone number, Quickbooks contact telephone numbertelephone number for Quickbooks online support,Quickbooks official support number,Quickbooks official number,Quickbooks payroll official phone number,phone number for Quickbooks payroll supportQuickbooks 24/7 support phone numberQuickbooks support number,Quickbooks telephone number for support ……………… Quickbooks PRO phone number,(1-844-722-6675)// Quickbooks PRO customer care number….. Quickbooks PRO Toll Free, Intuit@(1-844-722-6675)@-: Quickbooks PRO Technical Support Number, Quickbooks PRO help desk phone number provides online solution for all USA/CANADA clients. For any help of query call 1 800 860 9230 to get all Quickbooks PRO account solution. For any help of query call 1 800 860 9230 to get all Quickbooks PRO account solution. @@Call, 1-844-722-6675 for all type help by Quickbooks PRO support telephone number,Quickbooks PRO support phone number,Quickbooks PRO support phone number,Quickbooks PRO help phone number, Quickbooks PRO technical support number.Quickbooks PRO support number, Quickbooks PRO phone number, Quickbooks PRO tech support number, Quickbooks PRO customer support number, Quickbooks PRO customer support phone number, Quickbooks PRO customer service phone number, Quickbooks PRO payroll customer service phone number, Quickbooks PRO support phone number Quickbooks PRO help number-Quickbooks PRO Helpline Number; Quickbooks PRO help phone number-Quickbooks PRO Helpline Number, Quickbooks PRO Tech Support Toll free Number, Quickbooks PRO Support Telephone Number, Quickbooks PRO Tech Support Telephone number, Quickbooks PRO Tech Support contact number, Quickbooks PRO support contact number, Quickbooks PRO technical support contact number, Quickbooks PRO help desk phone number. Call, @(1-844-722-6675)@-: It is very popular toll free number which provide by Quickbooks PRO technical support, Quickbooks PRO Customer Service Phone Number, Quickbooks PRO Customer Service Number, Quickbooks PRO Customer Support Phone Number, Quickbooks PRO Customer Support Number, Quickbooks PRO Customer Service Helpline Number, Quickbooks PRO Customer Care Number, Quickbooks PRO support team phone number. Call,@(1-844-722-6675)@-: Quickbooks PRO help number-Quickbooks PRO Helpline Number; Quickbooks PRO help phone number, Quickbooks PRO Helpline Number, Quickbooks PRO Tech Support Toll free Number, Quickbooks PRO Support Telephone Number, Quickbooks PRO Tech Support Telephone number, Quickbooks PRO Tech Support contact number, Quickbooks PRO support contact number, Quickbooks PRO technical support contact number, Quickbooks PRO pro support phone number, Quickbooks PRO payroll support phone number. Quickbooks PRO payroll customer support phone number for all type help by Quickbooks PRO support telephone number, Quickbooks PRO help phone number, Quickbooks PRO technical support number.Quickbooks PRO support number, Quickbooks PRO phone number, Quickbooks PRO tech support number, Quickbooks PRO customer support number, Quickbooks PRO customer support phone number, Quickbooks PRO customer service phone number, Quickbooks PRO payroll customer service phone numberProper QuickBooks suport is very important for business using QB accounting software that is the reason professional accountants choose us to handle tech issue with thier QB Software. Call us at +1844-722-6675 for assistance.

  • Hello, i read your blog occasionally and i own a similar one and i was just wondering if you get a lot of spam remarks? If so how do you protect against it, any plugin or anything you can suggest? I get so much lately it’s driving me crazy so any assistance is very much appreciated.

  • “Wow, fantastic weblog layout! How lengthy have you been running a blog for? you make running a blog glance easy. The whole glance of your website is wonderful, as neatly as the content!”

  • “Really appreciate you sharing this blog article.Really thank you! Really Cool.”

  • Interesting, I wonder what the statistics are on your first point there on homedecorated

  • Hello there, I discovered your website via Google even as searching for a similar matter, your website got here up, it looks good. I have bookmarked it in my google bookmarks.

  • Excellent read, I just passed this onto a colleague who was doing a little research on that. And he just bought me lunch since I found it for him smile Therefore let me rephrase that: Thanks for lunch!

  • Never Ever give up: Even though you fail initially; Dont manage to get a great deal of views at first, do your self a favour, do not give up.

  • “I simply could not depart your website before suggesting that I actually enjoyed the usual information an individual supply to your guests? Is going to be again steadily in order to inspect new posts”

  • “Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your site? My blog is in the exact same area of interest as yours and my visitors would truly benefit from some of the information you provide here. Please let me know if this ok with you. Thanks!”

  • I just couldn’t depart your site before suggesting that I extremely enjoyed the standard information a person provide for your visitors? Is gonna be back often in order to check up on new posts

  • Have you ever considered about adding a little bit more than just your articles? I mean, what you say is valuable and all. But just imagine if you added some great photos or video clips to give your posts more, “pop”! Your content is excellent but with images and video clips, this blog could certainly be one of the best in its field. Amazing blog!|

  • F*ckin’ amazing issues here. I’m very satisfied to peer your post. Thank you so much and i’m looking ahead to touch you. Will you kindly drop me a e-mail?

  • Great blog here! Also your website loads up very fast! What host are you using? Can I get your affiliate link to your host? I wish my web site loaded up as fast as yours lol

  • Just wish to say your article is as astounding. The clearness in your post is simply great and i can assume you’re an expert on this subject. Fine with your permission allow me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please continue the enjoyable work.

  • 1. Thanks for the great post keep up the amazing work.

  • Magnificent beat ! I would like to apprentice while you amend your site, how can i subscribe for a blog site? The account helped me a acceptable deal. I have been tiny bit acquainted of this your broadcast offered vivid clear concept

  • “Very nice post. I just stumbled upon your weblog and wished to say that I’ve truly enjoyed browsing your blog posts. In any case I will be subscribing to your rss feed and I hope you write again very soon!”

  • “Hi there! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing a few months of hard work due to no back up. Do you have any solutions to protect against hackers?”

  • “Thanks so much for the post.Really thank you! Really Cool.”

  • We are searching for experienced people that might be interested in from working their home on a part-time basis. If you want to earn $500 a day, and you don’t mind developing some short opinions up, this might be perfect opportunity for you!

  • Pingback: Google

  • Pingback: Google

Comments are closed.