₦airaland Forum

tsdarkside:
it doesnt matter....

this una dollar madness was gettin too much....
even your crypto nonesense collapsed....

billions missin....!!
naira still standin gidigba....

You're going nuts.

Incredible128:
The notes now look like one of those worthless currencies in today's world, Venezuela's money comes to mind . Let's just hope naira doesn't devalue drastically because of this because, not many people would like to hold painted Abi is it bleached money ; policies of this government have always turned out to be nonsense, increasing suffering; from NIN down to the Bleached NAIRA

The CBN will most likely announce a major devaluation of the Naira before the end of this year.

OchuOfTheNorth:
The change is not bad... The colors on the old notes made it very expensive to print making some currencies a lot less than it's production value.. this is not bad at all. If u look at the dollar or pound they are not as colorful as the naira and cost a lot less to produce

Where in the entire CBN report did you read about the cost of printing? Don't be surprised that the cost of printing this current one is even more than the previous.

Cost was never an issue. They cited ease of counterfeiting, stockpiling, etc. Cost never appeared.

mrvitalis:
The old naira was 4 colours this is two colours any one who have done printing knows 2 colours is cheaper

Less time , less ink

...but the cost of printing is not a major reason for the currency "re-design."

A wasteful government like the Nigerian government has never been bothered about the cost of printing Naira notes, especially now that we are gradually going cashless.

Fira09:
Hahaha

*mocking laugh*

This looks better and sharper. Where did you get this picture?

IduNaOba:
I don't want to believe this o

It's so true. Saw it on Channels tv.

Wetin be this?


They applied Snapchat filter to the current note?

Embrassing

Senator777:
In every big house, there must be bastards. Are trying to say that all Yorubas are in support of Tinubu and Atiku. . There are lot of us that will never vote for any of them.

My problem with Ibo people is that they don't calm down and reason well. They always like to shout and refuse to listen example of what you just manifest now.

Ask yourself why Yorubas setup Amotekun and federal government can't tag them terrorist the way they tagged ESN. Leave politics apart there is a need for sharing of ideas among the southerners.

Dumbo! I'm from Kogi State.

There was Amotekun when terrorists invaded and murdered innocent worshippers in Ondo state.

Did you not listen to how Akeredolu tackled the federal government with respect to rights to carry AK-47 rifles? So far, he has been the only one talking and making serious moves in the region. So I don't know who you want the SE to collaborate with- People who continue to regard the SE as inconsequential 5%? Or those currently begging arewa for votes?

People have been murdered. This isn't the right time to 'yet' again blame the SE. These people are in Delta and other SS states perpetrating violence. They're in Benue and other Middle East states. If you must blame anybody, hold the federal government and respective state governors accountable.

And please stop referencing soludo and other PDP boys on matters like this.

Senator777:
What still surprised me till date is the rate Fulanis have been killing the Igbo people in the east collecting their lands and my Ibo people ranting up and down here in Lagos as Peter Obi mobs.

Their inheritance is being taken away from them in broad daylight. They have forgotten that Lagos can never be Ibo land.

Instead of Ibo to form alliance with Yoruba and Nigerdelta to flush Fulani out of their land they keep on attacking anyone that's not part of their Obi politics. They have forgotten that politics apart and should not be allowed to messup their tribe. Soludo has advised Ibo; my brothers from the east. I pray they wake up and apply sense.

Ire oooh.

You're not making sense. Igbos should form alliance with Tinubu or Atiku to flush out Fulani herdsmen? How dum.b can one be.

These animals have really dealt with Benue and Enugu people.

Sageez:
You no go make heaven I swear

LMAO

mrvitalis:
And yet na obidients them attack pass

You Sabi these people

The idea is to get him to quit so Tinubu can contest as the only major Southern çandidate.

Everyone is just confused in that zone. Even Reno Omokri has turned himself to the new spókesman of PDAPC. He now campaigns for BATIKU. Confusion everywhere because of Obi.

icancasestudy:
In addition, unemployment rate will increase and eventually worsen poverty in the country. Crime rate will also increase.

Right..

Peter Obi said that he received calls from about 10 people, warning him against showing up for that program. Atiku probably got a similar intel

That NTA platform is one of APC's instruments. But Obi excellently delivered. In fact, the whole idea was to set him up but God no gree.

Madam Kadara didn't even give Datti any chance to answer questions. That was a total contradiction from what we saw in 2015 when Osibanjo answered 95%.

Being an NTA program with more Northern viewers, Peter Obi had more to gain by showing up.

geeboy:
This should work if the inflation is driven by supplus money chasing few goods, which is during a normal condition, but Nigeria's inflation is driven my fx rate and energy cost, this it may not work.

You may be right.

MiaBeer:
Thanks. I have 5 mil naira. How do I go about with it and get returns? Buy land or put it in the bank?

You can discuss with your banker on how to go about investing in Treasury Bills, Bonds or check out some threads on Nairaland for guidance.

Eriggs:
U do well.
So you get sense like this and u wan vote obituary?
Conflict of interest at work.
Vote your obituary and let others vote for their candidates in peace acid

Unfortunately, this is only a short-term measure. If you don't boost productivity, the poor will become extremely poorer in 1-2 years. That Obituary gan gan is what you need to preserve your life.

Thortp:
Let me share my opinion in a lame man language.
Of course, there will be good returns on investment. But we should also consider the Naira buying power.
Let's take 2023 for example: You wait for a year to earn 1.6m on an investment of 10m naira. By then, there will be total removal on fuel subsidy which will eventually lead to rise in cost of living.

We need sincere people in government to curb excesses and corruption. Just imagine Nigeria being an OPEC member, but still borrow to finance her annual budget. Is that not surprising?

The problems are just vast

I totally agree with you. There is no short cut to achieve a stable naira. If we do not boost productivity along with these measures, the long-term impact will be catastrophic.

Johnrake69:
Any Southerner supporting Atiku is simply ignorant.

If Peter Obi of Labour Party doesn't get it let Tinubu take it.

There's no justification for rewarding Atiku with Presidency when he has never supported anyone. He has never stood by the masses and not even with the corruption baggage hanging around his neck.

Atiku destroyed the PDP in 2015 out of his desperation for power.

If Obi doesn't get it, abeg make SDP candidate get it. A vote for Tinubu is a vote for Shettima - the man who frustrated all efforts to secure Chibok girls.

Thortp:
Have you wondered what happened to the initial increase in interest rate by CBN. Is it working?
Let's start from there

They have to keep up with the trend, unfortunately. That's the only way to achieve the goal of the initial increase.

Thortp:
Kuku kill us now

It will curb inflation. People will be forced to invest their money and idle funds in bonds. treasury bills, fixed deposits, etc. since they're assured of getting 16.5% interest on the minimum. That means fewer money in circulation (supply). When money supply drops, of course, businesses will be forced to drop their prices. That is the positive side.

On the negative side, banks and other lending institutions would rather put their money in secured FG bonds with interest rates of 16.5% or higher than to lend it to business owners. This will cause a huge gap in productivity on the long run. If we fail to boost productivity along with these measures, the poor will become extremely poorer in 1-2 years. They will suffer massive consequences.

He is not your husband. That is the first reality you need to accept. However, your kids are entitled to some form of child support.

Go and face Kadara or Seun Okinbaloye and tell us how.

A good development.

Next year's election is between Tinubu's ACN, Ayu-led PDP faction, and the Labour Party.

Another proof that career politicians can't make any zone rich.

Productivity is the key; a productive economy (not a sharing economy) is the only way. Nothing else.

You went from ward to ward sharing how much? 2k abi?

Right now, Nigeria has less than 200 ENT specialists Some states have only 3.

People will still go ahead and reward this party with victory even when their presidential candidate has medical insurance in a foreign country Ordinary ear problem, Buhari couldn't use one of the 200 ENT doctors in Naija.

The average Nigerian can't even afford their services anyway due to multidimensional poverty.

Permutations without taking into context the economic situation and security challenges of the country. Permutations that failed to take into consideration the health and psychological problems of their flag bearer.


So, if APC brings a corpse, Nigerians will simply approach the poll and vote because it is APC?

Munamoqel:
are dey minding there business here or promoting thrash

The power of influence.

Tingotoe:
What an intolerant people and culture. I wonder what Biafra will be like

The masses put him there. No?