₦airaland Forum

anonimi:
Our leaders are indeed clones of who we the masses are.
Garbage in garbage Out, (GIGO) is not only an IT principle.

AuthorMan:
Something like this happened in year 2000.
It was at the bus stop I made up my mind I was leaving naija. Na same year I left. Later came back four years later

lexy2014:
kindly enlighten us on who omisore is, the family history and what they have done for their state

DeLaRue:
It is a double edge sword.

As CBN rate rises, commercial banks will increase savings/fixed deposit rates, thereby attracting more savers who will be locked into 12 months or more term.

This will indirectly reduce the money available for spending and thus reduce patronage of many goods. As traders and manufacturers wait to exploit consumers with predatory prices, less and less people will buy their goods. As their warehouses pile up with unsold goods, they'll have to reduce prices, thus helping to reduce inflation.

Increasing interest rate will also mean the government can issue bonds at rates that will be attractive to foreign investors. More dollars will flow into the country.

The bad news is:

As Cbn increases interest rate, banks too will increase there lending rate with the likely result that:

1. More businesses that depend on bank loans will lay off staff or even close down

2. There will be fewer new investments- businesses can't survive on 33% - 35% loan rate

3. More pain for the economy generally.

Unfortunately, with the amount of money printed by Mr Buhari's government, the CBN will have to keep increasing interest rate in order to mop up excess liquidity and control inflation.

Managing a large economy in times of crises is a sophisticated game of chess. For every positive steps, there are multiple potential negative consequences. There are usually no easy solutions.

Unfortunately for politicians, the public want solutions NOW or they dabaru everything and even call for coup

The public is not interested in, nor do they understand economic theories.

lexy2014:
you don tire?

how is the above related to the post you responded to and the post I responded to earlier?

which "god" did you see me refer to?

where did you see any mention about "god' working in CBN or otherwise?

who is my "CBN god"?

where is this "CBN god"?

where did we have a discussion about the existence of a "CBN god"?

can you show me where this "what has God , got to do with all the criminality perpetuated by your Cbn thieves" was mentioned in the "previous post" you are referring to?

lexy2014:
good. then you should not having any issues answering these questions.

how is the above related to the post you responded to and the post I responded to earlier?

which "god" did you see me refer to?

where did you see any mention about "god' working in CBN or otherwise?

who is my "CBN god"?

where is this "CBN god"?

where did we have a discussion about the existence of a "CBN god"?

can you show me where this "what has God , got to do with all the criminality perpetuated by your Cbn thieves" was mentioned in the "previous post" you are referring to?

DEBJOCH1:
WHEN I LOOK BACK 7 YEARS AGO, I WILL SAY THANK GOD FOR THE DECISION TO RELOCATE OUT FROM SURULERE TO A TOWN IN OGUN STATE, THOUGH I STILL WORK IN THE MAINLAND, INITIALLY, THE PROCESS OF GETTING TO WORK EVERY DAY WASNT EASY, BUT ON A LONG RUN THE DECISION WAS THE BEST I HAVE EVER MADE. TO THE GLORY OF GOD, WHEN WE WERE HIT BY COVID EVEN WHEN OTHERS WERE CRYING OF NO FOOD, WE HAD IT MORE ABOUNDANCE THERE, MORE SO, MY DECISION FOR RELOCATING OUT OF S/L TO A TOWN IN OGUN STATE AND STILL WORK IN LAGOS AND SAVED ME ALOT FROM THIS HASH ECONOMY REALITY

THE TRUTH IS THAT LAGOS IS OVER HYPED AND IT IS SATURATED FOR YOU TO LEAVE COMFORTABLE IN LAGOS, YOU MUST LEAVE IN A COMFORTABLE RENT OF ABOVE N700K TO N1.5M EVERY YEAR. ANYTHING LESS THAN THAT RENT IS A SHIFT FOR ME KIND OF LIFE.

lexy2014:
how is the above related to the post you responded to and the post I responded to earlier?

which "god" did you see me refer to?

where did you see any mention about "god' working in CBN or otherwise?

who is my "CBN god"?

where is this "CBN god"?

where did we have a discussion about the existence of a "CBN god"?

lexy2014:
how is the above related to the post you responded to and the post I responded to earlier?

which "god" did you see me refer to?

where did you see any mention about "god' working in CBN or otherwise?

lexy2014:
what is "pawn out"?

if? what has "if" got to do with hope?

if you say "when", when is "when"?

lexy2014:
how is the above related to the post you responded to and the post I responded to earlier?

lexy2014:
what is "pawn out"?

if? what has "if" got to do with hope?

if you say "when", when is "when"?

lexy2014:
God bless you. that was my first observation

lexy2014:
how is there hope?

Botragelad:
How are ya?

Botragelad:
Oh, I didn't realise cutting off the cables would stop Israel from wiping out Hamas. I reckon you are intelligent enough to know that this cable attack isn't just affecting one country, it's hitting loads of countries, so you can carry on backing the Houthi terrorists without a clue.

The only massacre that happened was when Hamas daftly invaded Israel on October 7. Why are you moaning now that Israel is fighting back?
Cope harder!

Gerrard59:
Finish!

I was not trained to be responsible for another person's irresponsibility. I am not good at thinking for others. Everyone has a brain. It should be used just as I use mine.

Bintasukai:
I am hungry and frustrated in Nigeria and as a result I am a nuisance online, due to hunger and frustration, l don't know that people can make typo errors while typing, the hunger in Nigeria has blocked my brain and I might likely die of hunger Soon, I am a lunatic, belch by a village witch and a frustrated idiot .

lexy2014:
how is this God's favour?

shadrach77:
Our permanent captain. Ahmed Musa will never make that team again. Get well soon captain fantastic

Parrot69:
Why not add 6 more to form National Team