₦airaland Forum

princemillla:
Priced bag of or rice today 57k from 89k

Indomie 5700 from 12k plus

Spaghetti slim 850 from 1200.


What' have you noticed about price of food commodities in your area

You want to give obedients heart attack

What is wrong with the picture. Is the man incapable of doing his job. Discrimination is illegal abroad and body fascism is not tolerated. Ignorant peasants

When are they migrating to Israel to confront the Iranians. Very laughable

oskopy:
Yorubas are the problem of nigeria.how can somebody make mouth for buying bag of of rice 48k? And all the ofe people are supporting this shame

Excellent. You sound very pained

Education in Nigeria has fallen to a new low.People should read their textbooks instead of listening to the Agulu scammer

But nairalanders said younger politicians are better and more honest

Jollos:
The conclusion of the matter everything been read carefully on Nairaland, I noticed some people are not okay. How can u praise someone that met dollar at 600 raise it to 1800 and manage to bring it to 1000. Is dat where he met it? Are u people celebrating backwardness.

One Yoruba adage says "if oracle can not help you, let the oracle leave you where it met you".

The naira was pegged before and it's value defended with nigerias fx earnings but our fx reserves is not enough to continue such strategies anymore.
The naira has been floated now even if it's a managed float and quickly lost value. The Cbn identified the problems and the culprits then implemented a raft of measures to improve stability and liquidity .
The measures appear to be working and the obedients are not happy about it.

Obedients will not be happy at all

Onyeka90210:
Yeah, that's why I used "around", I no know where those people dey see dollar buy 950.

It would be around 950 if you are selling to the aboki

Onyeka90210:
Don’t believe everything on the net, BDC still sells around 1150.

I just got off the phone from the aboki. It's 1140 to one if you are buying.

Bookhub:
You all keep saying obidients are happy over bad news in Nigeria,instead of dwelling on that and why not do the unthinkable by performing beyond their expectatio ,remember you said worse things to jonathan its just like complaining that people look down on you but you don't make any effort to surprise them or prove them wrong or are you indirectly saying tinubu can't do better than this?

Obedients can never be happy.They will sabotage all efforts to make the country grow. It's the effect of following the Agulu deceiver

tollyboy5:
Saw this best comment from a top economist from Feb 22nd

Top tier entertainment.The guy must be suicidal now

HIPROFILE:
This is how it should be. Opposition should always do or say things to keep the ruling party on their feet for the benefit of the nation. It doesnt literally mean they hate their country. Most Nairalanders and supporters of APC dont know this.

Lol. You don't understand how democracy works at all. Anybody trying what she did here abroad will be declared a persona non grata and will never be elected again. Try it in China and you will be shot.

Nairalander248:
Just created a post for you and I...

Let's come back in 2025

Don't waste your time. What you are saying is statistically possible but improbable.The factors that made naira lose so much value in a short time has been addressed and blocked.

Azazyel:
Why don't you come here and lead a revolution if you care so much about this country?

Don't mind the clown. He was in the country before and did not lead a revolution,now he is safely ensconced in another man's country as a refugee, he is belittling the people not disgracing their country overseas claiming asylum

yewit37486:
I thoroughly dislike this woman. People like her and Reno are in the same whatsapp group of making incendiary statements. Attention seekers.

I don't really believe that the woman made the statement. It might all be the work of people trying to damage her reputation

Kingspin:
Remember
Nigeria is selling dollars at a discount.
The question is how long do we do it?

Until the reforms kick in. Naira has been severely undervalued for some time, Cbn intervenes to nudge the market in the right direction. It will find it's value when the refineries start working, the economic reforms kick in and there is liquidity in the market. Dollar hoarders are going to cry very soon.

Nairalander248:
You are confusing yourself, so is she lying?

Coz the dollar is falling doesn't mean it will not rise again... It's a good time to even buy and keep.

If you follow the trend you will see what she means

" The Nigerian Naira is expected to trade at 1418.03 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1826.24 in 12 months time" this is a quote from https://tradingeconomics.com/nigeria/currency

Bro, if you have money, buy dollars now and store and cash out later.

You can quote me next year this time.

Wow, sense will not kee you.The best thing for you to do right now is to sell all your belongings,car hous and land. Then get a huge loan and buy dollars now after all you'll be doubling your money in eight months time. Easy money for you. Put your money where your mouth is.

Toluwanise247:
You fada na the greatest idiot on earth. Who do your idiot know that gave you fake information? Dangote confirmed the information and some influencer Nigerian but your stupid friend or relative gave you wrong information and you come here spreading lies. Werey ni yi ooo

It was sarcasm and it was intended to mock people saying that the refinery is is only audio. You completely missed it

GerogeI:
Stop deceiving us that naira is gaining value. CBN is just fixing what ever price they like after abandoning the floating policy. Which is a good thing, they should at least take it back to 350 to 1 usd.

Also for a good measure they should ban unnecessary imports through customs. Stop using form M to do the work that customs should do.

Why not go and verify from an aboki yourself. It's not that difficult

JudeAfoo:
I'm still waiting for the N270 APC said was not OK

Hold on to your dollars. It might reach 2500 to one naira next week. Today in Abeokuta, it's 950 to one dollar if you are selling that is.

YAWN

B

Not even a good good scam.It has been done before

chigator2:
Who taught these people economics, if BDCs decides not to sell dollars for 2 years, my friend Dollar is a global reserve currency for a reason, foreign interests will flood this country with their own dollar.

You didn't read the writeup, if not you will understand that if you go to the market and a cow seller tells you he is selling his 25kg cow at the price of a 50kg cow, you will bargain and price it down to it's real value. Everything that happens after that is after effect and panic because in free market, Naira is worth less than 2000 NGN / USD so any reasonable person will hoard their dollar till it reaches true value.

You sound very pained. Hoard your dollars and you will lose even more. In fact,I think you should take a loan and buy more dollars. It should be worth 5000 naira to one dollar by next month. Enemies of Nigeria and Nigerian children will lose.

ivolt:
When this type of case comes up. The most important question whether a law has been broken. Not sentiment not morality, but a matter of legality.

If the man had used his police connection to arrest an arsonist or a product counterfeiter,
would you people have complained?
Of course, not, in fact, he would be seen as a hero.
In a working system, Erisco would not need police connection to get Chioma prosecuted.

I searched for the illegality on the police part in your post but I didn't see.
Also, I checked your post for the specific harassment Chioma suffers but you didn't mention it too.
I supposed you think flying a suspect to Abuja, questioning her and detaining her is intimidation and harassment.
No, it isn't. Not in Nigeria.
Many suspects undergo the same regularly without it making the news and even when it does, nobody cares.


Binance executives were recently detained using unethical ploys. Nobody complained because they did something wrong.
But this is civil case you argue, it isn't according to the Nigerian law, there is something called criminal defamation and more recently the anti-cyberstalking law.
When this law was being debated, it got widespread support because people wants consequence
for fake news and online harassment. Those who raised objections were mocked as troublemakers and bigots who hates the then government.

By the way, Nigeria does not exist for other countries pleasure.
And in your darling UK, insulting a fellow brit online can get you 5 years jail time.
Something that is unheard of even in Banana republics.

If you want more civility in the legal system, you have to work for it. And more importantly, always write against such treatment even when the suspect is a "bad" person and not an online celebrity reviewer.

Personally, I prefer the US system where people can say what they like but face the possibility of being sued for every dime they have ever earned.

I've not heard of anybody in Britain being jailed for five years for insulting someone online. I think you are referring to the theoretical maximum sentence on the statutory books but that is almost never implemented.
Anyway back to Nigeria and the David and Goliath case of erisco versus Chioma, both sides are firmly entrenched in their position. A guilty verdict in Nigeria will not be the end of the case,in fact it will be the beginning because like me many people are tired of nigerian law being subjected to the will of money. More people in Nigeria and abroad would get involved at that point.

So the sales went and no action as the rates were not worthwhile.Some people are happy though. Two nights ago I was ruminating about whether a 40 dollar discount was worth it for the Hifiman Ananda headphone I wanted to buy. I decided not because I would still have needed 420k at the current rate.

Somebody then opened a thread asking people to buy dollars because dollar will still get to 1800 and that the naira is overvalued.
I've seen the damage caused by the shrinking value of the naira with nigerian children going to bed hungry so
I cautioned him about his economic sabotage but he was bent on continuing his nefarious activities so I went to the efcc website and reported the matter pointing to the thread.

It was already 2.30 am so I went to sleep with the intention to call two people at the ogun state governors office when I wake up.
Sadly the thread and all references to it has been deleted by the morning as it was blatantly created to cause economic problems.
I was disappointed because I really wanted to spoil that obedient fools life and wanted the government to use the fool as a scapegoat.

From now on, I'm opening fire on these fools anytime they cross the line. Saboteurs are everywhere but hopefully the naira improves in spite of their hindrances before the next sales.

Kingcalls:
Mynd44

Rule. 2

Two can play the game. You should not insult people if you don't want to be insulted. Don't bring needless emotion into it. Harassment and bullying is not good. Would you like someone to use the police to bully you. The law is there for all of us and not to be abused by rich people