I think the foreign airlines are acting from a play book. Engage in a price war to force out the threat. Then jerk up the price after the forced exit of the threat.

Trust East African Indians, they compete in smartness with Nigerians. They were able to dominate the commercial sector of most East African countries. When they moved to the UK the same thing. Their smartness made them successful in business. Indian African outsmart naija in short.

My sympathies to my brothers (and sisters) who have been through this gruelling experience.
But I have one more question. Is it supposed to sink or float? I hear when it floats it’s a bad sign. Why do our oyinbo brothers (and sisters) not experiencing this ? Theirs is usually watery. You can sometimes hear them when the thing bust out with force.

That’s the original African way of cleaning up. It called “Tamba”.

I believe the government should stay on course. No backing down. We are nearly there. I can see some light at the end of the tunnel. To my friends buying up dollars as if there is no tomorrow, you will get burned sooner or later because what we have today is not the fair value of the naira and the market will surely correct itself sooner or later. When this happens the speculators will be rushing to dump their dollars and that will further depress the value of the dollar. It is going to be a race to the bottom for dollar speculators. Tinubu is a smart man he knows what is going to happen.
For the government one solution is to establish NGN/USD ETF to segment the fx market and provide a separate ecosystem for current speculators and indeed hedgers

ScamKiller:


A helicopter is not more complex than a plane. It is just much more delicate, much more vulnerable, much more unwieldy and has much less finesse than a plane. A plane is a vastly more technological and engineering marvel than a copter. Just the complex intricacies of a plane's jet engine alone has more complexity than an entire copter. The rotors are pretty much the really complex thing in a copter.

You need to understand how a helicopter takes off and remains in flight. There is the vertical rotor and the horizontal rotor. The pilot need to balance thrust created by these different rotor. The bigger rotor keeps the copter in flight while the smaller rotor behind stabilises the aircraft.
That is how a copter turns there is a change in the trust ratio between the main rotor and the small rotor. The aerodynamics of a helicopter is less straight forward.
Planes fly mainly by the thrust generated by the engine and Manoeuvring the wings and stabilisers.
Passenger airlines are essentially run by computers. The pilots simply load in the data and the computer generates the take off speed, V1 etc. There is also the auto pilot when the plane reaches cruising altitude. Planes are also build with lot of redundancies as well.

obrian888:


You are right, Planes are build to fly, while helicopters are being forced to fly.

Aptly put, the only advantage it has is no need for a runway. And I believe it should only be used for short distances.

todugo:
what do u mean by complex? Do you know how many engine and control units a plane has?

Go and read about how a helicopter becomes and stays airborne. Then a plane's aerodynamics.

The truth is a helicopter is a more complex aircraft than a plane.

To all my friends trying to hedge their funds with FX know that the foreign exchange market is very volatile. Even for Financial Institutions, we hedge our FX positions using FX swaps in the short term as we cannot predict long term currency movements.
Twice in my career GBP:USD rate had been 2:1, meaning one Pound would fetch you two Dollars. Today the rate is about 1.2 to the Dollar.

I’m quite concerned about this being made public. This may only embolden currency speculators as they know the support of FX is not open ended. They might as well turn this into a binging frenzy on dollars and bet against the staying power of the CBN.

Fujiyama:


^^^
Perhaps you can educate me. I am here to learn.

Will this ETF be guaranteed by bank deposits or not?

In practice, how do you differentiate between speculators and those with 'genuine' need for USD?

My friend l’m also here to learn. Speculators will buy dollars and keep under their pillow. They are only trying to hedge their risk. They have no interest in utilising the dollars purchased other than selling at a future date.
An ETF will help by saying to them, my friend no need to keep dollars in a safe or under your bed. Simply buy units of the ETF which will mirror the NGN/USD rate. Physical dollars will be left for those who need them. So it’s a win win situation.

NewDea4:


So that CBN can air them when they try to redeem...

You should be able to see why governments need to be trustworthy by now, Nigerian government is a criminal enterprise and you'd be a fool to rely on them

An ETF does not work that way my friend. Take a Gold ETF, you do not go to the Provider to collect your bullion or ask to inspect their vaults. Technically you are able to redeem your ETF at a price close to the value of gold in the metals market.

Fujiyama:


^^^
Tell them!

I will suggest you do a bit of more research into ETFs and how they work.

Can someone advise the powers that be to create a Naira/Dollar ETF backed by USD held by the CBN or any strong Financial Institution. This will segment the market. Those who need the dollar for speculative reasons or as a store of value can buy this Instrument. While the real dollars will be left for these who have genuine need for forex. The ETF will fluctuate/mirror the naira/dollar rates but will be held within Nigeria.
For further details can you ask the CBN Governor to contact me.

To the younger ones here, just to give you a bit of history. The Great country of Nigeria had a female Newscaster long before Her mama (Britain) allowed women to appear on TV.

I have to come in to say this guy is either ignorant or peddling disinformation. The logic is by the US acknowledging that a coup has taken place, Niger is now subject to sanctions as specified by US laws.

The Agent (Afreximbank) could not have signed an agreement with NNPCL without separate agreement among the other Club Lenders.
So whenever a drawdown request is received, it should be honoured by the Agent. Any nonfunding of the drawdown request will be a matter between the Agent Bank and the particular Lender.

As a Banker I know this is fake new. The loan is most certainly a Committed Facility.

I think what the former Governor meant was two scenarios:

1 APC wins at the Appeal Court and since he has already resigned from the Senate, there will have to be a fresh election for his seat.

2 The other party (LP) is pronounced as winner at the Court of Appeal the other candidate takes up the seat and there will not be any need for a fresh election.

Guys,
It’s deeper than you all think.
The three main International Airports are located in Lagos (Ikeja), Abuja and Port Harcourt.

The former Ikeja Airport is named after Murtala Mohammed.
Abuja Airport is named after Nnamdi Azikiwe

It is only right and proper the the third, Port Harcourt be named after someone from the west bearing in mind the other two airports were named after former heads of state.

A certain former Head of State and President comes to mind who happens to have historical links with the great city of Port Harcourt. He brought an end to the civil war from his famous Army Division then based in Port Harcourt.

My view is Nigeria consists of 36 federating units and a federal capital. So FTC is not a state. The framers of the constitution I believe knew what they were doing, when they insert the clause "... and the FTC". So in this clause the FTC has the same rights as of 36 states. This then means we should be looking at 2/3 of 37 as the FTC is seen as equal to any of the 36 states under this specific clause.

Nigeria is the most populous in Africa. One in every four persons of African heritage is Nigerian.
Nigeria is the most diverse African country in on the continent. In terms of religion and culture.
Nigeria comprises of over 200 ethnic nationalities.
Nigeria has the largest number of young people on the ‘Black’ world.
Nigeria comprised of very powerful states before the arrival of the British colonialists. Kanem Bornu, Hausa states/Fulani caliphate, Oyo empire, Bini Kingdom, Bonny Kingdom, the Igbo autonomous City States, Efik , Ibibio, kingdoms in the middle belt and Adamawa/Taraba the list goes on.
Nigeria has vast natural resources from north to south, east to west all in one country.
The point Nigeria has a super concentration of resources both human and material which place it in a unique position to lead the black race.
Once upon a time, up till the 80s we used to have foreigners from India, Thailand, Philippines coming to work in Nigeria because of better conditions at that time.
My point is talent every where but we seem to have a super abundance of human capital in Nigeria.
Finally Nigeria being the Most African Country is not my original thought. I refer you to an edition of the Economist of London which had such caption for good reason.

The truth be told. Africans are the original humans. Therefore we have the full pool of human genes.
Other races evolved from Africans in the process have lost some of their genes due to adaptation through evolution.
A further set of group of Homo Sapients made contact with another species, know as the Neanderthals and then cross bread further diluting the human gene pool.
Africans are the original race but the other smarter races have managed to brain wash Africans to feel they are inferior.
Take Nigerians, who are supposed to embody the best of Africans, anywhere they go abroad they excel. Nigeria women and men are the only people who look attractive physically and very smart at the same time. Most times with other nationalities there is usually a trade off.
See a fine girl of fine boy abroad and they are most likely Nigerians.
Africans have all it takes to dominate the world. And this responsibility lies squarely on the shoulders of Nigeria.

I think the matter is simple. There is a difference between onshore and offshore funds.

From day one He has only been interested in the trapping of office.
No wonder he once wept against the thought of achieving his ‘dream’.

PENNYSWAP:



Don’t eat it like that, Cut it into pieces to be small like grain of rice then drink it like u r taking pills

I cut ginger and garlic into small pieces and swallow them like pills with water .

Don’t forget to chew bitter kola and alligator pepper , once or twice a week.

Make water melon ur cartel man

Do enough workout make the heart pump blood

Stay away from sugar cuz it kills a man

True brother, that is the way to activate the active ingredients in garlic. Otherwise it will only burn your tongue punishment.

It think medically, the orgasm was too much of a strain on the heart.
Sometimes when someone is not fit enough or have congenital health issues it might result in such tragic event.
Such stimulants together with the ‘activity’ already act as a strain on the heart. However at the point of climax there is a sudden extra demand on the heart which could prove fatal, if the heart is not strong enough to withstand it.
Regardless of your level of fitness the process of having orgasm (In men at least) takes its toll on the heart.
Hence the yorubas refer to it as ‘magun’.

I think what the gentleman was saying in a rather legalistic way, is the APC either present candidates produced by primaries monitored INEC, or risk not contesting the two senatorial elections in question.

Wey Wike my man??

But alas, the Nigeria we deserve you can’t deliver.

These Politicians have turned Nigeria into a giant three dimensional soap opera.