₦airaland Forum

diggz:
Abeg Dey should start the guy that came back from loan ahead of Nkunku. If possible start Tosin as 9 instead abeg. No need for that fraud!

Blazetrailer:
Lol...utter nonsense! More gibberish and even more buffonery in an attempt to appear more ignorant. I read halfway and could not contain my disdain for brazen half knowledge. Who truky need more schooling here on economics and exhange rate systems.

To start with, someone who does not know the full meaning of a floated exchange system and can not distinguish it from what is being practiced currently is even more ignorant than others he claims he is trying to educate(school). No floated exchange rate system has majority of its forex with the Central Bank/Reseve Bank. That sits with commercial banks. Again, no fully floated system sells forex to black market sellers at a rate different from the ruling market rate. This certainly is not practiced by US Federal Reserve,Bank of Canada, Bank of England, Bank of Australia, etc...who practice fully floated system. Those are just two examples, there are many more.

You could want to argue that these Banks I metioned above also intervene when the market hits a disequilibrium, that is right, but none of them take from their foreing or local reserves to try and force the rates back to equilibrum. They use monetary policy instruments like the LIBOR, prime rates, treasury bond rates/ risk free rates, etc to adjust things. NONE, I repeat, NONE sell forex to black market people at a different rates to the market under the guise influencing the rates to equilibrum and then monitor by taking feedbacks from the same sellers, in a system that has or intelligent information system to ensure credible data and integrity of the feedback/ reports from the BDCs.

Another mumbo jumbo from you is that the aim of unifying the exchange rate was not to eliminate black market, but the question to ask you then is what exactly did the government mean by saying they were unifying the rates?....should that not mean the elimination of multiple rates as there were two rates before the unification?

Nothing has changed, really, the only thingbthat has happened is that the Nigerian government devalued naira(IMF/Reuters/Bloomberg and other credible sources called it out as devaluation in February 2024 when CBN came to announce that there was an error in the system used to calcukate the market rate by FMDQ) amd as such the rates quoted were lower than it should be......imagine? As if they were using MS excel to determine rates before.

To support the existence of black market in a floated exhange rate system as normal using India(uses a managed floating system), Brazil( floating exhange rate system but pegged to USD, EURO and Yuan for imports and exports making it a managed one) and Russia( which uses intervention system before the
war and sanctions crises) while stating that Nigeria uses a fully floating exchange system shows how shallow and ignorant you are with regards to international finance and exhange systems. At this point, I knew you didn't know more than the surface on the subject you were claiming expertise in


I initially thought you had the stuff hence I was willing to engage but reading through all you have posted here, it is not different from what a government spokesman would say. It is devoid of any critical review to be sure of it is correct or not and if there are alternative views to explaining them. As someone else posted, it is lie-lie economics they sold to you all and you swallowd hook line and sinker, without thinking, as they predicted..

Lol...lie-lie economics, announced by the govt., peddled by the lowly intelligents.

Blazetrailer:
I have never seen a more confused contradictions and juxtaposing of realities of the exhange rate systems in one shot...

Two key ones

1. That Nigeria is running a fully floated exgange rate system.? This has been debated several times here on Nairaland and all came to the major conclusion that going by the definition of a floated exhange rate system, Nigeria was not running a floated exhange rate system...all na wash.

2. That there is one unified exhange rate in Nigeria and no black market? (I stopped reading at this point) Why do they have a different rate from FMDQ and a different rate from.BDCs? Why do you even have BDCs when there are banks??

The fact that you are not aware or pretend not to know there is till a thriving black market in the forex system shows how insulated and disconneted you are from what is truly going on.

Kobojunkie:
While at the same time, Nigeria's foreign reserves lost approximately $1.3 Billion. Does anyone else see something here? 🙄🙄🙄

By the way, why is there still a black market when almost 18 months ago we were promised that all forex windows would be collapsed into just the one by the CBN? 🙄🙄🙄🙄

Sonofgod1990:
I'm sending 2k to 5 people. If interested drop your account. Will be selecting randomly

NinjaMetahuman:
I agree with this rating though.

Atleast in the last 2 seasons, Bundes Liga has improved a little.

astonished:
You are beneficiary of the useless, barbaric & banana republic mistakenly for a country, we are not surprised at your nonsense writeup & your defense.

Nigerian people are very coward, timid & senseless, apart from politicians, civil servant, government officials, govt foot soldier, senseless OBI Supporters, most well meaning Nigerian realized the need for the country to breakup for betterment of the citizens.

People like you should be eliminate, citenzen need to fight tactical & target gurriela war before the country can breakup, because politicians and evil beings like you won't allow

Omodua:
Are you a Constitutional Lawyer?

You sound one!👍

Thazard:
Would lewandoski in his prime accept a loan deal with an obligation for purchase?

milann:
when Jackson misses hundred chances, same you and other buffoons will start crying like little babies: we need a striker, we need a striker

airmark:
Fraudiola had this thought before but now he is wiser with Haaland, without Messi.

Unlimited22:
Techy ballers full the team

Just need at least one defender whose first priority is, you know, DEFENDING, and maybe One CF who's better than Jackson inside the box

Elliotwaveforec:
Disrespect Seun or any moderator here and be commended by them nah! Balderdash!

EreluRoz:
I know some of them that are good but they still try to act tough but we can see clearly beyond the staged toughness. But most are very wicked and find the redpill as haven to console themselves.

EreluRoz:
If I date one he'll eventually give up the redpill idea, the bad ones though.

EreluRoz:
It seems you are new here, I've been with these people for long and I know redpillers like the back of my hands. Even when I deactivate I still check them and see the vile they preach against women. Don't worry they'll be backto counter you seriously and you'll understand better.

EreluRoz:
Redpill does not teach you to love women even if they are very good, redpill teaches you to treat them harsh even if they are kind, redpill teaches you not to care for women (manipulatively called Maintain Frame here) . This is what I've known about redpill on nairaland, no be today I dy here ooo.

Have you seen them talking about how to treat a good woman, never. They'll rather tell you to mount your guard and that she has a hidden mission. No woman is ever good according to redpillers.

EreluRoz:
I'm now a redpiller but they don't want to accept me

EreluRoz:
olopa ma ko everybody

EreluRoz:
You should be thankful for I give this dead thread life. See that yeye one above talking anyhow

Newbielearner:
Bro, sorry. You're not doing it for God. They target christians the most. Uploading status and goldy messages. You're being manipulated.

I pray God restored me. I'll never wish my experience for any man.

UyaiIncomparabl:
[s]Now, that is good. So, quit sounding like an empty barrel. People like you think you are some sort of umbilical cord that determines the existence of people's lives. Lol.

I just wish that the emancipation and financial independence of women fast becomes a thing. I hate to see women vulnerable especially, financially. All will be well[/s].

pansophist:
Ok in this angle, I agree with you.

I've experienced more ungratefulness from women than men as well. Lots of women feels entitled to a man's sweat. That a man exist to make life easy for her.

It's also the reason why the word "gold digger" Is a term given to women and not men.

Because lots of women do see men as ladder to climb up and dumped when above, instead of as another human deserving of love and compassion.

Hence I jokingly say that women are humans being, but men are "human doings"

UyaiIncomparabl:
Since you have stopped helping them, did they die? Did they lose a limb? Did they stop existing? No? The joke is on you, my friend.