₦airaland Forum

nna777:
. Took long positions in Shiba n polka yesterday. December to remember loading.

set up on weekly chart for polka looks very tempting. Would wait a little before taking a position

seankafor:
bro, I did that to recover my loss because I been sell at loss to cut costs when the last flash dip happened.
I sold and bidded low, few clicked while the rest didn't.

So I had to day trade to average my lost..

I tripled my hustle and it payed off at the long run, but came with its own price..

I am off day trading for the time been until further notice..

Very good. Mental health is very important. Abeg use the proceeds of your trade to refreshen yourself

seankafor:
Hi

The best 2 profitable strategies in crypto is holding (which is the best and good for your mental health)

Then buy low and sell high (trading) which requires skills and technical ability..

Yesterday I developed serious headache and my eyes was draining because I was on screen for almost 15 hours day trading.. not mentioning my mental health and sainity which was almost gone..
I have decided to take a break from trading for this whole week as I have moved large chunk of my funds to a private wallet in Blockchain..
Then the remaining I used it to buy mana and stake it for their meagre earning..

The few bucks remaining I left it to ride with sand( na who dey alive dey chop money)..

So the best strategy I can tell you is to buy and hold..

Me, I can do many things with my funds which I won't advise you because for me, it's more of fun playing with funds..

So bro.. hold

Why should you be looking at a screen at that long. Why not set your limits and go to sleep?

BeeBeeOoh:




Ndi York are solidly behind Burma Boy come rain come shine

This down below people sef

jedisco:
It's exorbitantly high... we're practically gifting them free cash....
Worse still, those issuing such will come and tell us that being oversubscribed is a sign of confidence in the market... Just imagine... If anything, borrowing at such rate, shows how shaky the economy is.... Economic gaffes like this enslaven citizens yet unborn

The worrying question is now how will Nigeria pay these loans back

The startegy has been to borrow more to service existing loans. This is our current situation. In Q2 we spent $400bn just to service foreign bonds. This money was raised from foreign loans. Bond rates in developed economies are very low (<1.5%) because central bankers are still reluctant on increasing rates. China's tantrums is scaring investors away. So if Nigeria is giving such a high percentage on its eurobonds, why won't it be oversubscribed? It is not a sign of confidence. Confidence in an economy where debt servicing has exceeded government revenue? In the last 10 years, foreign borrowing has quadrupled. This is just portfolio mangers looking for where to get yields and protect cash from rising inflation till the developed markets stabilize and go full trottle.

So people came to burn your house and the day time was most conveninent for them?

Kobojunkie:
Where is this comparison made?

Reading is easy comprehension is not. You cant blame me for not undetstand what u have read

Sanchez01:
Truth is, the level of paternity fraud is way above the roof as far as Nigeria is concerned. The picture below is from a woman and her attempt at justifying paternity fraud is even more disgusting.

The worst part is that these women cannot stand another person's child living under their roof

So you are comparing cheating to training another man's child for years thinking he is yours? Does this OP have home training at all?

FutureIsFemale:
If I were the man, I'd make him pay in billions of dollars after which I make him rot in jail so that next time when he sees another man's wife, he will control that pole in between his legs.

Spits....

The woman that agreed to open her legs, how much would she pay?

STNWAUME:
Don't mind them.
Let them keep feigning ignorance as if they don't know that Naira devaluation will have adverse effects on all Naira assets.

Meanwhile exchange rate is currently @#562 per USD

The rent for living in a fool's paradise is paid for with a reality check. Let them be deceiving themselves

Elliot2:
Na wetin my immediate ex sef talk before she run. Any small mistake she enter room, na sex. Lol. And na sex wey go last d least two hours o. Babe tire for me.

When u discover the benefits of semen retention you would not want to waste your energy again

Hopeful2021:
I engage only in masturbation and it's killing me. It feels very pleasurable while in the act, but I feel so terrible after doing it. I've been addicted for over 10 years now and I feel my life is wasting away.

Read about semen retention

maishai:
I believe the whole move towards e-Naira comes as an after-mat of the END-SARS protest, I believe that after security Agencies Identified those spear-heading the movement, they used all their tactics in the book including cutting their funding source to Nigerian Accounts but hey many were now receiving big funding through Crypto, Go fund me, and co...........

This funds were not going through the traditional means that the CBN has controll over, It was just too anonymous hence the CBN and the Government were powerless during the saga......

They have learnt their lesson and are trying to control all Digital currency operations in the country.....The e-naira will just end up being an exchange to standard digital currency like bitcoin ........................

CAVEAT: these are my Opinions

Valid point on tracking of payments to individual wallets. However, if they are rolling out eNaira to checkmate fund remmmitnace that idea is DOA cos i still dont see Nigerians switching from cryptos to adopt eNaira (at least for international remmitances).

I belive it is the usual copy-cat ideology we are always adopting. If you recall it was when the EU and Britain were pushing for their CBDCs that CBN joined the bandwagon.

My only grouse is giving the contract to a Barbardian firm which is home grown when we have fintechs here that can handle it. Imagine the what that money would do for this economy. Especially at a moment when we are in dire need to shore up our foreign reserves and dealing with scarcity of dollars.

It is a good idea, lets keep our fingers crossed and give them benefit of doubt.

RodgersAkpafu:
Population and population growth rate are not the same.
China lost millions to hunger because they had so many people that they could not feed.
This is an empirical fact.
Chinas rise to power also coincided with their tight control of their population growth. Having control over this makes economic planning easier.
Many of you dont seem to get that
Uganda has a higher population growth rate than Nigeria, even though they have a relatively smaller population than we do
And guess what, they are in a bigger mess than we are

The nexus between rapid population growth rate and poverty misery and social unrest is an empirical fact.
It's my field, so I know
Aging population and exploding populations are both not ideal, but the former is still way better than the latter.
And talking of Canada, the main reason for the policy boils down to two things

1. The retirees are getting more and more, nd are refusing to die (it's a good thing)
Advances in medicine has made us live longer
Unfortunately for many who grow into 70+ their economic productivity reduces and hence have to be catered to, which leads to the second issue

2) Pensions and benefits
Because of the aging population living longer, there are more old people to take care of financially.
These old people paid into the fund and aee drawing out of it. Most western govts have squandered these funds (George Bush is no 1 example).
They need more workers to pay into the fund for these old people to keep drawing out of it.

If they were not living longer, the issue of reducing population wont really be an issue .but because there are old people who need to be taken care of, and the govt has a responsibility to do that, they need young workers to pay into the fund
Nothing more
Nothing less

Automation can solve the labour issue once and for all in these western countries
But there is an issue....
Robots dont pay taxes or spend money or contribute to retirement funds
If you dont have grip on the population growth rate, your country will be failed and finished, another statistical fact
Even in the middle east, the countries that are talking apart breed like rats for the most part

Oga provide facts and stop making assumptions based on western theories and propaganda.

My point has always been population growth + infrastructural development = economic prosperity. This should answer your question about Uganda.

You cant grow your population without harnessing that labour to boost productivity. Its a time bomb.

The countries with the fastest GDP growth are those with growing populations and the infrastructural capacity to back it up.

Countries go poor because they dont develop their infrastuture, not because they have a high population growth.

Even our forefathers understood this. Thats why they had many wives to bear children (population) to take care of their lands (infrastructure). If they didn't have abundant farmlands, they would not marry many wives.

I have never heard where an aging population is used as an indication of an economy with good prospects. Economists always use young demographics and population growth. Once again i refer you to the asian cubs.

China became the manufacturing hub of the world because they were able to leverage their huge population to reduce production costs. Thats why American companies outsourced their manufacturing to China. Take a look at the trade deficit betqeen China and US to compare.

So you think it is a coincidence that the two biggest markets and economies in the world (US and China) are the most populous countries with high level infrastrtural development? The biggest economy in Africa is the most populous country on the continent.

If more people are getting older and retiring, who would work to boost the economy? Are the pension funds infinite that they would not get exhausted?


Even western development was built on population growth through slave trade and exploitation of cheap labour


What automation are u talking about? Automation would only free up some jobs to allow humans focus on higher things. Even if you want to automate, is it not humans that would engineer and program the robots?

Once again i ask: China has increased birth rate for couples from 1 child to 3 children in 2 decades. This is a country that has a high level of automation, booming economy and churning out more millionaires than any country presently. Why didnt they sit back and say we should not grow our population? Why didnt they allow robots automate production?

If you have a growing population, and the labour market has the capacity to absorb them, you are on the path to economic prosperity.

Leave all these globalist theories. They are only meant to serve one set of people.

The rain that beats the roof of your neighbours house, would one day fall on yours - African proverb.

DrFunmisticGlow:
honestly, nigeria needs a two child policy and to legalise safe abortions

Nigeria needs to develop the economy and infrastuture. Our problem is not population but bad governance.The population is a huge selling point for the country. Why do you think any company coming to Africa first considers Nigeria? Because they know it has a huge market. Even those that cant operate in Nigeria due to poor infrastuture, go to Ghana to produce goods to sell in Nigeria.

RodgersAkpafu:
That's the point
It does NOT match
And China is a wrong example
Because they developed for decades draconian policies to limit their population growth rate
That is what contributed in part to their prosperity.

You want to know what is common to every country with an exploding population?
Poverty, misery and social unrest

And what you said in your last paragraph also validates my point.
Aging population is easier to fix than an exploding population
Because while the former is trying to bring new life
The latter has the people here already and how do they deal with them if not systematically kill them off

You have still not presented any facts to support yiur argument. China matched its booming population with infrastutural development. Yes they had to limit population growth, but now they have increased their birth rate for couples to 3 children. This is the second time in two decades they would be raising birth ratw for couples. So why would they want their populatiin to increase after limiting it at first? Because they have the infrastuture to absorb the population growth.

Birth cintrol and population control are schemes brought by developed countries to not tilt the scale in favour of others. If population growth is not a driver in economic devlopment, why is canada planning to bring in 400k immigrants per year?

Countries with huge population (especially if most of them are young) are usually seen as beacon of economic growth provided they have the economy and infrastuture to support it. Read about the asian cubs.

Give me an instance where a nation had an aging population and were comfortable with it

RodgersAkpafu:
an aging population is better than an exploding population growth
The former is easier to manage and get out of
The latter is a terrible place to be, except killing 10% of the population is deemed okay which is not

I disagree. If an exploding population is matched with infrastructural development it leads to economic boom. Look at China.

On the contrary an aging population would lead to economic slowdown especially when people start leaving active duty. To fill the labour gap you have to import labour like the Canadians are doing.

China just increaded birth rate for couples to 3 children, the second tine it is doing so in 2 decades. They aren't misguided.

Make una pity our naira na. Its consistent fall would not favour any of us - Patriots or revolutionaries.

Kajaard:
Are you to tell me what I want? It's not even about the economy. Myself and my fiancee have agreed to that so we can have time to enjoy the marriage and properly raise the kid. We don't need more than one.

To 'enjoy' marriage thats why u want one kid? Sounds selfish to me

Kajaard:
Just one kid. I don't care whether it's a boy or girl.

After all Bill Clinton has only 1 daughter and Obama has 2.

It's only in Nigeria the poverty capital of the world where people born kids as if they want to have a complete football team. Nonsense

This is why most western countries have an aging population and are depending on immigrants to grow their economy. China is now allowing people to have 3 children. Use ya head, but pay attention to ur pocket first.

Dabronze:
It was beacuse of the witch and t the evil people in that village they hate electricity when they fly in the night
when the former govenor before Mimiko i cant remmeber his name maybe Agagu or somithing gave them the transformer in that village is not up to a day that those evill peopl destroy it if you know OKITIPUPA very well is full of evill people.

Yet these same witches and wizards havent killed any politician or Buhari for that matter

richmond500:
is that the practice of lies, propaganda and chest beating?

Sophisticated people. Have u checked the dollar rate lately?

Bacteriologist:
Lol this statement can only come from someone who's not seeing the bigger picture.

If you're earning dollars it's fine but you still have to spend in a failing economy.

Earning in dollars is cool but it does not protect you from the other societal ills as a result of a receding economy.

He would spend less of his dollars

cele22:
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How CAN you invest in hedge funds?

bepositive11:
Why no regrets? What made you come back? Why didn't you stay there?

If it was good for him, he wouldn't come back to Nigeria. Leave all these people abeg.

Grace001:
Mumu question

Since most of you think migrating is all about MONEY, it shows how selfish some people are.

Wise people migrate for the sake of their unborn kids/born kids just to give them a second nationality of a saner country where their kids can become whoever they want to become without the connection of commissioner,Senator or minister.

Since it’s all about your selfish self, stay here and do your business. Simple

I wonder o. People that cant think beyond their nose. They would be the first to argue that you can make more money in Nigeria than abroad, as if life is all about money.

Selfmotivated:
Every one and his own... Mocking somebody when you still in dulldrum won't change anything. Bezos has the time and money why is it giving Elon Musk sleepless night

You obviously don't know the undercurrents to their beef. They were once friends

brightalo1010:
No Runs girls show pass Night Virgil , Crusade and Choir practice even Sunday service , when a pastor snatched a members wife what show is that ? you only see the negative part of BBN not the positive side. who is even innocent in naija , na bankers, students, or Nurses ? abeg leave talk certain single ladies has gone to the same show without doing the nonsense a married lady did .

What is the positive part?

alphaNomega:
But black people sef are cursed. Check my signature (ignore the justwise part)

Blacks are not cursed. We dont even do half of what Asians do. Just that we don't have the discpline to follow a due process

festacman:
A French legionaire who shares the same tribe with Alpha Conde recommended by France to head an new elite force trained by France can only mean one thing: Colonel Mamady Doumbouya was on a mission from the Francophone HEADMASTER.

That's it.

Flesh and blood did not reveal this to you. Have you noticed that there has been a slurry of coups in francophone countries lately? Is France restrategizing its inroads into Africa?