₦airaland Forum

joshjc:
I've not read or heard about this present senate rejecting anything from the current administration

FalseProphet1:
To establish prophetic centers all over the world so that people can be sowing seeds in dollars.

I'm tired of prophesying on credit to Nigerians because they're becoming broke day by day.

This I have seen.

OChimex:
There so many things to learn but these ones are pretty easier and not time comsuming, HVAC, Plumbing, Drain cleaning, Electric,

seeker121:
That means they won't use it during campaigns too. Those pastors and preachers that stand and preach at randomn spots in lagos will be seriously affected.

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 should flow into the country.

The bad news is:

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

1. Many 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.

Cantonese:
Good strategy to avert violence.

naptu2:
Evans Bipi, Chidi Loyd and Michael Chinda.

abobote:
We die here, especially having to leave the remaining one in the hotel after using just one or two, as a married man so that my wife won't find it while washing my cloth.
I used only and left two last Saturday