₦airaland Forum

A simple African wedding will make this question moot...!

You and your wife to be simply wear clothing required by the culture and traditions.

Liverpool, Don't sleep on this o.

This is your best shot at taking this title.

I am almost certain he didn't cook shit...!

He just told the cook to step aside for him to snap.

Atiku, abeg enjoy your political retirement in silence.


Let's leave Naija matter for the "Patriots".

Honestly, I don't even care anymore...!

Yes Mr. President. Everything has improved since you came into office.

Poverty has even dropped by over 50%.

Electricity has become over 90%.



2024 is the year of siddon look!

tuzle:
they are late.

Ohhh... That's tough luck for the couple.

Na "Predictions" we dey wait for...!

The Conjuring Pt. 6!

They should call the Warrens... If they could handle Annabelle, they can handle Alexa.

Definitely President Bola Ahmed Tinubu!

Sigh... What a joke of a club.

Man City is even topping them with a game to spare... Once Liverpool wins tomorrow, they will be topping them with 5 points.

This is supposed to be a title contender! Two straight losses to mid-level opposition.

Arteta has tried... Sack him after this season.

bluefilm:
Arsenal is a very stupid and senseless club.

Ordinary clean sheet they cannot keep .

Nonsense

Na clean sheet you even dey worry about...! Lol!

Person never win game, e dey reason clean sheet.

Fulham has been the better team... They should be leading by now.

MT:
You claimed to be intelligent but you took the arrangement as a "loan" and still thought the money would be used to "prop" the naira

So much for your intelligence.

My last piece to you

You win...!

It's not a loan... It's just a business transaction never done before (Novel)... And they are not trying to prop the Naira.

We shall be here to hear and read further 'explanations' in 2024.

Happy Sunday.

My last piece too.

Sigh... This equalizer don dey smell since.

SMH!!!

Arsenal sef! Proper White Elephant.

RaymondHarmony:
Who told you Fulham is an easier team ?

I believe the current table and score line underscores my point.

Nice one Arsenal... Keep the goals coming.

The build up to that goal is everything!

Arsenal do well o.

You idiots have an easier game today compared to Liverpool tomorrow.

Omalicious1:
The money shall be embezzled and nothing will happen.

Shall?!! Money wey dem don already share finish.

MT:
You are simply impossible.

I thought we were having intellectual discourse, where you would pick holes intelligently in what was earlier explained.

Instead, you had purposed in your mind not to be open minded. Changing your position in the face of fact does not make you a weakling.

If you have issues with what was explained, you could have pointed it out, and we will all learn from it.

I'm sorry for misjudging who you are and your intent.

Intellectual Discourse?!!

Now, you are being ridiculous.

An intelligent person would have seen the SARCASM in my reply to your last poor attempt to defend the indefensible.

Kukutenla:
Ignoramus
So a futures contract is not a loan. You just showed your ignorance to defend govt. Even the minister of finance acknowledged it as a loan

The guy just dey roll out explanations upandan, most which make absolutely no sense even to himself.


I can never envy the online defenders of cluelessness... It's an unenviable job.

ottersberger:
Have you considered that there are Ph.D.s on this platform? Some in economics.

Look, don't tell us what we already know. There's nothing new, smart or novel as you have chosen to put it in this story. Yes, it is a story.

This has been going on since the Buhari years. And the result will be the same because the intention is the same. They intend and will steal the money.

Period.

Bro... Calm down and leave these people.

It is not easy to grasp at straws, or chase the wind.

2024 is going to be quite "Interesting".

MT:
First of all it is not a loan but a legal business transaction.

Let me explain what happened to you. It is quite smart and novel.

They do not intend to use the dollars to.prop up dollars like you thought or imagined.

They collect that dollars ahead of crude oil export in order to sell at the agreed exchange rate to oil importers.

Let me break it down.

When the agreement was made, let's say the dollar was being exchanged at 700 naira. The transaction is premised on that.

Now with the money in the hands of FG, even if dollars sell at 2000 naira to one dollar, the FG will be able to sell to the legal importers at the rate of 700 naira.

Therefore, the importers do not need to seek for dollars at the black market, which will ultimately worsen the strength of the naira.

It is novel, give credit to where it is due, and give them a knock where they deserve it.

Okay... Great explanation. Credit given for such massive financial 'foresight'.

Let me rest my case here.

Seguno2, over to you... Our explanation has landed.

abdeefggh:
Not loan, it is an exchange for crude oil

Exchange for crude oil?!!

So, they are selling crude oil to Afrexim, and using the proceeds to prop the failing Naira?!!

How is that different from what has been done in the past?!!

Una just dey throw explanations around, no evidence.

seguno2:
How do we repay the loan, on top of the loans that we are currently struggling to repay

Shhh... One of them up there is claiming 'authoritatively' that this is not a loan.

I have asked him to explain what sort of "cash transaction" this is.

Still waiting on his 'learned' response.

MT:
Some of you cynics are better ignored.

Show me from the article where the Minister was quoted referring to it as a "loan".

Let me show you a quote from the Minister in the article:

According to the minister, “this is a transaction in process with Afrexim and it is for them to make the announcement relating to funds disbursement.”

It is a TRANSACTION.

You have shallow understanding of English and Economics.

Yeah... A loan can not and should never be described as a cash transaction.


Please, what sort of transaction is this exactly where the Naira is propped against the Dollar via the infusion of Billions of Dollars into the nation by Afrexim?!!

Explain with clear illustrations.

Thanks

Wait... We are supposed to celebrate the propping of the Naira against the Dollar with more loans?!?


As in... This is a major achievement worthy of Front page?!!


Interesting times...!

Imagine if this was Jonathan's administration... Imagine what every member of APC including current President Tinubu would have had to say.

Is this a serious question?!! Or you just want to get reactions?!!

CityAPTER:
Men are potentially simps

It deeply offends me when people make such sweeping generalizations...!

YesGodcan:
That day Manchester United played aston villa and scored 3 goals in the second half, I told one mugu (Angelfrost) here that the game was abnormal but they all were claiming know it all.
Then I simply told that particular mugu that he should wait for man u against forest to confirm my argument.

Here we are😂

Let me say it again, betting forecast has been rendered useless by powers that be!

What powers sir?!!

The mugu is the one who doesn't know United is having a turbulent season, and has been inconsistent since the beginning.

When has betting forecast been rocket science?!!

When you are ready to clearly prove that these results are engineered by top clubs to make punters lose money at the expense of their millions of fans, let me know.

Till then... Quit making a fool of yourself on nameless forums.

Ikaeniyan0:
Afrexim bank $3 billion loan will be gotten next week

Yeah... After that, the next crash will push more people into Poverty.

Whatever...!

The Naira no get anywhere else to go but down... Nothing is strengthening it.

No large scale exports... No steeply reduced imports... No meaningful demand for the Naira.

Most wealthy Nigerian citizens have even stopped saving in Naira.

Honestly, no smart Nigerian with access to foreign currency saves in Naira.

Direct opposite for me after almost a decade in marriage...!

Me, wife and kids get fresher and fresher everyday.

Choose your path in life... Don't follow such narratives.

fawaz050:
Pochettino Sub naaaaaaaa!!! which kain werey coach be this.

Commot this werey Broja now

Well, he delayed the sub cos nothing was at stake... The game is Chelsea's at this point.