Itsrm:


What the guy wrote in the tweet is wrong though. The woman never said they gave Gunmi the money.

chidekings:
forget politics for once,last two days....it got to 1350 on kukoin.i even bought some.

Ellexy:
But the person they gave the money according to the woman came to the meeting at Gumi's place.

BlueRayDick:


Well, true the guy's caption was incorrect, nonetheless it doesn't negate the fact that Gumi deserves to be in DSS detention helping government with necessary information to track down those terrorists.

What the woman narrated was the fact that they met at Gumi's house where they contributed money for the Fulani man who was going into the forest to meet the bandits for negotiation. And the man insisted the N800k is just for transport alone. Shey na heaven he dey go ni abi it's because there are so many people that will take their cut of the N800k?

Obviously Gumi has made himself a go-to-man that sets up meetings with bandits/terrorists and families of victims. At what point do we tell ourselves the bitter truth that Gumi is a principal stakeholder in this banditary/kidnapping/terrorism business?

BlueRayDick:


I don't think losing as much as 10 matches thus far is occassional if u ask me

Itsrm:







Of course, I'm not making excuses for Gumi. If nothing else has been established, we know he's always sympathetic towards the cause of terrorists and bandits. This man was arrested in Saudi Arabia as far back as 2010 on issues bothering on terrorism.

Just pointing out what I noticed because I know people may not bother to watch the video.

Sometimes I don't watch videos too. I just read whatever interpretation has been posted.

Ibunkun1:


egbon say occassional

Unlimited22:
https://twitter.com/MikaelCBernard/status/1770818117993742560?s=19



One doesn't even know what and when to applaud anymore.

Nna ehn.

Itsrm:


Lowest I saw it go on kucoin was 1430 yesterday. If you bought at 1350, show evidence.

If dollar goes to 700 and stays there, I'll be the happiest man here. Don't get where the politics angle is coming from.

Unlimited22:
https://twitter.com/MikaelCBernard/status/1770818117993742560?s=19



One doesn't even know what and when to applaud anymore.

Nna ehn.

izzou:


So an airline accepted a policy that will wipe away 70% of its earnings?

Which foreign airline be that, abeg?

izzou:


So an airline accepted a policy that will wipe away 70% of its earnings?

Which foreign airline be that, abeg?

larride:


If its Naira they have in their bank account, they will only get their money at the current fx market rate.

Ellexy:
The FX spent within that time frame was what Oasis brought up as an excuse for why naira massively lost value against the dollar when Tinubu came in. He brought it up, I didn't. .

OasisX:


.....make una dey read beyond Headline, una no go gree. Screenshot yí nọ ni bi àdánwò. LOL!

Ellexy:
The Headline is correct oga. Is this part below also part of the article?

Against claims by the Central Bank of Nigeria (CBN) that it has successfully settled all outstanding foreign exchange (FX) obligations, foreign airlines says the status quo remains the same.

Kingsley Nwokeoma, President, Association of Foreign Airlines and Representatives in Nigeria, (AFARN) told BusinessDay that as far as he is concerned, nothing has changed as regards clearing foreign airlines’ trapped funds.

“If they say they have cleared the trapped funds, they should show us figures. They should tell us how much have been cleared. The last I checked, the status quo still remains the same,” Nwokeoma said.

larride:


If its Naira they have in their bank account, they will only get their money at the current fx market rate.

Itsrm:


From what I understand about Fx backlogs, they wanted to repatriate USD, CBN gave them the naira equivalent at say 460 to a dollar with a promise to provide the dollar at a future date.

Now, CBN is asking them to convert that naira they were given back to USD at the NAFEM window. This means they will get far less value for the naira they hold.

It's unfair on them but I understand the position of the CBN.

OasisX:




........you and off point sha. Where are the rest information?! No be you dey alleged me of posting half baked information yesterday?! LOL!

https://businessday.ng/news/article/foreign-airlines-dispute-cbns-claim-of-settled-fx-backlog/

BlueRayDick:


But does it even make sense for an airline being an international business to keep substantial sum in their Naira account knowing how volatile the naira is against the dollar?

I never really understand the story between CBN & the airline operators sha

Itsrm:


From what I understand about Fx backlogs, they wanted to repatriate USD, CBN gave them the naira equivalent at say 460 to a dollar with a promise to provide the dollar at a future date.

Now, CBN is asking them to convert that naira they were given back to USD at the NAFEM window. This means they will get far less value for the naira they hold.

It's unfair on them but I understand the position of the CBN.

larride:


But it's the right and correct thing to do. Whatever loss they incur will be under fx devaluation loss. The CBN cannot and will not give them $$ at the former 460. They are jonzing.

Like it was pointed out in the business day news, the CBN has deposited their own with the banks, when they are ready, they will go and pick it up there.

larride:


But it's the right and correct thing to do. Whatever loss they incur will be under fx devaluation loss. The CBN cannot and will not give them $$ at the former 460. They are jonzing.

Like it was pointed out in the business day news, the CBN has deposited their own with the banks, when they are ready, they will go and pick it up there.

larride:


From the little I understand, the foreign airlines want to repatriate the funds they make in Nigeria back to their home country. To do so, they must change their naira to dollar from the CBN who will then credit their HQ.

Ellexy:
This guy, you cropped just one part of an article and posted here, I posted the remaining part that you deliberately left out and you're asking me rest of the information....

When you posted your own, did you post the complete article?

Itsrm:


That's the way I see it too. If the Naira had strengthened to 360, they would have rushed to cash it out of NAFEM.

It's one of the risks of doing business in an unstable environment as ours.

larride:


But it's the right and correct thing to do. Whatever loss they incur will be under fx devaluation loss. The CBN cannot and will not give them $$ at the former 460. They are jonzing.

BlueRayDick:


Why didn't they repatriate the amount in dollars under Buahri when naira was a little bit stable against the dollar ?

I'm guessing it's because naija CBN didn't have enough dollars in the system to let go that period right ?