₦airaland Forum

yang:
Use debit card to make payments

Cash should be used only for little transactions

A central bank should have control of money supply to keep exchange rate reasonable

CBN policy is good all transactions should be done by Card via POS terminal or by bank transfer

This stops kidnapping and theft and also ensures tax compliance

Printing of excessive cash for circulation is evil

There is no place in the world where people can pay or withdraw millions over the counter, it's done by bank transfer for tax and money laundering reasons

Then you forgot the issue of network which I believe is probably the biggest issue hampering wider uptake and acceptance of the e-platforms.

I'm all for the cashless policy but I think the needed infrastructure must be put in place

His handlers scratching their heads on how to rationalize this latest faux pas

🤦🤦😵

OP clearly has a good head on his shoulders, going by some of his posts.

However why he has decided to expend all his energy for Tinubu is something I just cannot wrap my head around.

But really oo. Those who want to buy votes, why can't they use transfer option??

No be only Approach and Attitude. Na cockroach and fatitude

Yeye

sirrotex:
What is the government trying to achieve by increasing MPR and reducing interest on treasury bills. Just thinking out loud

Honestly e tire me ☹️

Has it occurred to you guys that the reason for the current scarcity of the new notes is because some people, those with deep pockets, and the right contacts, are already hoarding it??

After all, CBN says it has printed more than enough and even had to go the extent of fining banks refusing to dispense it.

Clearly shows you something is going on

cliqtips:
Buhari's candidate is not Tinubu but Osinbajo but because of their initial agreement that if he, Tinubu helps him to win the then election it would be his turn in 2023.

Yeah. most believe if Buhari had his way any of Osinbajo, Ahmed Lawan or even Amechi, BUT DEFINITELY NOT TINUBU, would have gotten the APC ticket.

It's fairly obvious the coldness between Tinubu and Buhari but apparently just tolerating each other for sake of the party.

onuman:
Tinubu, no jupiter can make you win the 2023 presidential election. Whichever way, they may lead to your demise.
Check history.

Better study your history well.

Awolowo had no well known association with any Fulani, at least in run up to the election.

Similarly, the close allies of MKO, Kingibe and Abacha are both Kanuri.

So wwerrin you dey yarn??

And by the way, how exactly will redesign affect election? I've not seen INEC complaining.

For fuel scarcity, I can understand. But naira issue?

cliqtips:
They only trying to sabotage his moves. They don't want him to buy people's votes.

Naim dey vex am. I'm sure he's expecting Buhari to intervene but latter has likely refused.

Nobody is asking where the madam got the $3k from. . .👀

Pickmycall:
At my former place of work,a car dealer negotiated with the hotel manager to be parking his car at the fence of the hotel.The hotel contracted policemen to be guarding the hotel.
At midnight,a thief gained access through one of the tokumbo cars parked at the hotel fence and removed the gearbox.
According to a cab driver who saw them inside his car he slept in that night,he was calling the mopol's number who was on duty that night because he said he saw the thief with a pistol.Unfortunatately the mopol couldn't answer his phone call.
It seemed to be a planned job because the mopol also slept in his own car parked outside too.

Hian!! A whole gear box kwa!!? This one weak me oo 🥺

CaptainAyub:
Reminds me of when a journalist asked Babachir Lawal if he has received the news of his sack by the presidency.
Ogbeni asked them "Who is the presidency"?

How can two appointees of Buhari be fighting themselves messily like this when their oga is still there?
If Emefiele really committed any crime,how difficult is it for Buhari to tell him "ol boy,go and submit yaself to investigation" or even suspend him from office.
If not,can't Buhari tell DG of DSS to "leave that man alone"?
Truly,Buhari is a figurehead

Lol. Unfortunately nothing really new.

Have forgotten years back the show of shame in senate when DSS had submitted a report indicting Magu who, wait for it, had been nominated by the same presidency!!

Or the time when EFCC attempted to arrest some officers but were resisted by DSS?

Or even the open confrontation between police and army hierarchy when the former had some of its finest officers killed in cloudy circumstances . .

List goes on. . . .

Bottom line, either he's incapable or just like some believe, a figure head.

skydiver01:
Kindly find below.

Thanks so much chief.

What you did was reckless. Knowing how these guys are, what if he opened fire on u or even the lady?

Abeg make una dey think of consequences.

Abeg any idea what the rates of this week's auction was?

CC skydiver01

Wapgod:
Anything ARM run for your life.
They made me lose significant amount of money and i am still losing significant amount of money.
They made me go into depression at some point in the past years.
I won't say more than that.

Seriously? Surprised to see this.

Not holding brief for them, but it might be the particular fund type (ie equity based).

ernie4life:
With recent drop in treasury bills rate we should also expect a drop in Mmf rates

Na soo.

It's already showing

sgtponzihater1:
Where can I check this from. Thanks

Funds manangers association of Nigeria (FMAN). They have a website

You'll see a downloadable price list under the resource portal.

I don't want to post the link for fear of getting banned.

alezzy13:
The yield on their fund. However it tends to fluctuate and currently down to about 12%

Down to 10.6 last as of today. ARM from my experience not generally know for high rates. For me thier strength comes from thier User interface and their customer support

prestige2013:
Stanbic?

They're about 13% last I checked.

Very sad news. But I don't understand why such heavy casualty on the side of the security agents, and nothing about the bandit.

Were the agents not armed? Even if taken by surprise, I expect at least one of them tk have returned fire and taken out at very least one of the bandit

Seun:
What kind of nonsense is this? I thought they were raising rates?

Doesn't make any sense. I thought they were trying to curb spending and mop up liquidity, wth Mpr at 16.5, one of the highest ever.

Well let's see what the next auction brings.

skydiver01:
Kindly find below todays NTB auction results.. Interesting.. stop rates have fallen two or three consecutive times which have boded well for bond prices

Can you imagine?

I was already dreaming of 15% and above.

Chai!! see grammar everywhere.

I no believe say Nairalanders Sabi book like this!!

May God be praised forever!!

Totally unacceptable under any guise.

When Reuters released the damning news about extrajudicial killings and forced abortions, the hierarchy were all frothing and pontificating.

Yet here we have on display once again the glaring evidence of thier barbarity. Nonsense

Emexicoman:
I just passed Okigwe this afternoon. And its an eyesore. The whole place looked like a ghost town

Chai

Lol. Peeps just commenting without reading properly.

This is not a fresh loan proposal; it's a retrospective approval request for so-called ways and means (usually domestic borrowing) which them don chop and even shiit comot.

Apparently someone remembered they need NASS approval for such spending. . .

bid4rich:
Its cheap.

But it can also cost less than that in Ugba and zaki-biam

Very true. One can buy that quantity for half that price

How time flies