₦airaland Forum

It’s happened - big move as Tinubu suspends CBN governor Emefiele. Paves the way for Nigeria to converge exchange rates, the undervalued BDC parallel rate and very overvalued NAFEX rate. Around NGN650-700 is the average rate of the naira over the past 26 years (in 2023 NGN terms)
Following on from fuel subsidy removal, a NGN at 650-700 means far more naira for the budget from selling oil. That means the government does not have borrow as much, just to pay interest on debt. Impressive amount of reform in a very short period
What’s particularly interesting to me is that we’ve ended up with the policies that markets hoped for from both the other candidates. Nigeria’s political leaders all recognised that previous policies were unsustainable. Not sure that’s ever been the case in Argentina?
Over a quarter of all Nigeria’s revenues from tax and other sources was expected to be spent just paying interest on debt. As this rises, it increases default risk. Tinubu’s changes are reducing default risk (assuming we see NGN/$ convergence at a realistic level) Charlie Robertson (@RencapMan)

President Tinubu has demonstrated an impressive level of assertiveness so far. He put an end to the DSS vs EFCC street fight with just one command. He persuaded the NLC and TUC to suspend their planned strike. He convinced striking health workers to resume work. He got oil marketers to align with his post-subsidy plan. He invited the willing opposition to the table. And now, the mastermind behind Nigeria's serially disastrous monetary experiments is on the ropes.

The story would have been different before May 29 because the DSS and EFCC would have been allowed to descend into a brawl, the organized labour would have been allowed to do their worst, oil marketers would have been mocked and criticized in poorly-drafted press statements, and Meffy would have been given a second medal for his supposed genius interventions that fixed nothing.

I pray that this trend continues. Overall, this is a good start! Gimba Kakanda

In all that you do make sure you use your head else you'll be the fall-guy when things go wrong. May Nigeria succeed

An Inter 5-1-2-2 build-up shape presents Pep with a pressing structure dilemma. He either presses with a front 3, drops KDB onto Brozović & pushes his full-backs onto Inter’s wing-backs which then leaves City CBs 2v2 with Inter’s strikers (Lautaro-Lukaku are sharp on the turn). Or sticks with his 4-2-4 press with KDB-Haaland pressing Inter’s back 3 and then one of the Rodri-Gundo pivot being dragged up to close down Brozović, which could leave the half-spaces more open for Inter’s 8s and 9s to penetrate. It is not the nicest tactical match-up on paper for City.
Premier League Panel

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monerozi5590:
Their hatred is purely based on ignorance. Social Media is a big factor to this.

They should come out with their full chest and say they hate Hausa muslims or Hausa instead of saying Northerners.

They are so many indigenous tribes in the North that are Christians. They are Hausas that are Christians. They are Fulanis that are Christians.

And I say to the haters May God grant them guidance or perish them in their rage.

When someone is making an accusation repeatedly against a people repeatedly then it's most likely that the accuser is most likely to be the guilty party

This morning in the car I boarded majority of the passengers were singing Buhari's praises for his strides in infrastructural development while also stating his shortcomings. For those who say na road we go chop the users know better

OasisX:
Done.

Seen

OasisX:


BTW..... Ẹ̀gbọ́n A.001! Amo.to94 is a Kwankwasiya, he voted Kwankwaso not Tinubu.

Abeg check your mail

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If you put your leg inside keg of gunpowder and the thing explode u have yourself to blame. You're always inventing things to suit your preconceived notions, change your thought process and you'll be better for it

When you are contesting for an elective post dont play to your,strength especially against a formidable opponent. It is like telling a guy to lower his guard in a hostile environment and still remain there, whatever happens to such an individual is solely his fault

Obidients are rushing to share statements taken out of context while they refused to do same for one that was said by Fubara

La Repubblica claim Chelsea ‘have made a €60m offer’ to AC Milan for Mike Maignan.

- via
@Sport_Witness

Rivers State is a Christian State, and God is our foundation. We shall govern with the fear of God and stay strong to our Christian values of trust, faith, love, care and sacrifice.
https://www.premiumtimesng.com/news/more-news/601459-for-the-record-siminalayi-fubaras-inaugural-speech-as-rivers-governor.html
Where were your mentions when Fubara made this statement some days ago? You lots will only feed on the carcasses of your hypocrisy and double-standard

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Younis bin Abdul-Ala said:
Al-Shafi'i used to speak to us as much as we understand from him, and if he spoke to us according to his understanding, we would not understand about him.

Havertz to Ream Madrid is set to be completed imminently.

{Bild}

213 goals/assists in 226 starts since the start of the 2018/19 season. Whilst other young attackers were developing and other big money attackers flopped, Benzema ensured Real Madrid’s status as a giant of the game was maintained in the post-Ronaldo era. Legendary stuff. Premier League Panel

Ugarte-Enzo-Nkunku central trio. They’re giving Pochettino tools to shape his philosophy. Very useful tools. Premier League Panel

Chelsea and Newcastle United have entered the race for Lionel Messi.

~
@gravep

Official: Eden Hazard leaves Real Madrid! Contract terminated by mutual agreement.

“Real Madrid C. F. and Eden Hazard have reached an agreement by which the player is disassociated from the club as of June 30, 2023”, club announces. #Hazard

BREAKING: Manuel Ugarte is a CHELSEA player. ITS DONE. (
@Record_Portugal
)

Shaykh Oasis you went off tangent with your no palliative remark people are already stretched financially, mentally and socially adding this removal to their burden with measures to cushion the effects is a recipe for disaster. You shouldn't have rubbed it in with that comment of yours, it is unwise to say such

Amigoss:
Is this not what people you call insincere are complaining about too?

Part of their complaint to give it weight, I'm seeing we dont trust govt so they shouldn't remove it at all.

Chelsea midfielder N'Golo Kante has received an approach from Saudi Arabia over a possible free transfer.

{90min}

Chelsea remain in pole position for Manuel Ugarte, but their first salary proposal of around €3million a year did not please Ugarte. The player, who earns around €450k per season at Sporting wants a salary equal to or close to €5m offered by PSG.

{JN Desporto}