₦airaland Forum

Puss360:
Lol... Always putting the cart before the wheel!!
They don't make plans before taking decisions!!!
Now, they are struggling to satisfy 20hrs light for band A, but were quick to increase their tariffs..
So from now till they balance the aforementioned required minimum hours of light, the band a customer will be paying for high tarris abi

Very very poor management...

These guys are just trying to create unnecessary excuse. If they are determined to make it work it will work.

You know when we tell these agbado miscreants same thing they think tinubu knows the best.

JASONjnr:
Exactly why APC has to be mentioned.... Because all APC online warriors like you always talk trash.

You didn't explore other options of keeping the pet. You assume shouldn't keep the bird if he won't be available all day.

You are spot on, most of them just think straight especially this helinues guy

Reality3080:
they will b killed


That’s final

I don't care about that it's non of my business

Reality3080:
sunday igboho is been misguided, his major role was to face the herdsmen but like nnamdiot Kanu his ant felt like an eagle n he wanted to put his hand into what will kill him

Someone they found guns, charms and different passports in his home is misguided 😂😂 I use to think most yorubas are smart people. I use to rate you people high before buh now you are not different from an aboki who has no options than vote his oppressors

Reality3080:
they are part of us but misguided so they deserve death

That is not our way

Oh they are misguided.. so basically Sunday igboho was misguided too cos I remember he was fighting for yoruba nation.

Ok so what I understand now is that it's only yoruba terrorist that are misguided while other terrorists know what they are doing.

You see they way you people reason and you think you are smart 😂😂

Reality3080:
they will b killed

Either u igbos like it or not

Yorubas can never b your partner in agony

Bros you've not answered my question.. you said you yorubas don't support terrorist so these people that came to take over the government where are they from? Are you saying they are not from your land?

Reality3080:
yoruba will never support any terrorist even if their own is not the president

We understand that life is turn by turn n we know how to play d game unlike u igbos that u know nothing for u so u want to scatter everything

Even when buhari was in power we had a large stake n now that we are in charge

We ain’t igbos, we sabi

Any terrorist should b killed

You guys don't support terrorism buh the terrorist is from your land, make this make sense or are you different from this particular yoruba terrorist from your land. If you say you don't support terrorism then it's different

G00dharddick:
Dear seun,

Why is it that everyone can comment on a Christian thread but one has to be forced and converted to Islam before one can comment on a Muslim thread? What kind of religious war is this?

Cos they are trying to hide there radical ways from people to see.

BitterTruth01:
I early opened a thread where I said helinues has changed .
I see now that’s an error
You’re a wolf in sheep’s clothing .

Lol na today you know

AMI3:
U make me laugh.
Since they started selecting who to lead Nigeria what has been the result?
Are u really enjoying the selection be sincere to urself just this once.

Talking about Obi borehole
U don't understand what is life like in the rural areas.

Tinubu, Atiku and Obi among the three whom do u think is the richest, richer and rich do ur comparison

Then if they are so generous like that how many community project have they embarked on since u know them?

How many of those borehole did Obi commission?
It because he only visited and the project handler gave him a budget of the cost of drilling a borehole and he paid. If he budgeted #100m for such project and he spread the money across 200 communities is it not better than spreading it for 10 communities and at the end some boys will still go and vandalized the borehole facilities.

By the way what is the purpose of the borehole is it the beauty of it or for them to have quality water to drink.?

I know u have not visited any interior village before but I will like u to take a work to most of these interior villages u will appreciate his efforts.

Don't allow hatred or politics to be cloud your sense of judgement.

Bro I think we should stop replying these God forsaken people. Yorubas are known for bringing people down for no reason. They even fight themselves. What is uniting all of them is Peter obi. So allow them to wallow in vain

greenermodels:
In Nigeria, the more you look, the less you see. If most Yorubas are really interested in breaking away from this country,now is their opportunity, playing cowardly hide and seek will not help them.

Lol for you to think yoruba will break away from nigeria is a big joke.

PriceActionZ:
Now he is an arse licker. funny people. dont you know how nigeria things work? Let them announce that the petrol price is now 200 naira, and see how the stations will drag time to adjust it, they will say, they have not seen president to come to their stations and tell them in person, but let them jack it up to 1k, before the announcement is over, the price will be adjusted with the speed of light. Same thing is being applicable to goods you see in the markets and you are complaining above. Many nigerians are naturally wicked that want to explore every opportunity they can lay on.

The story now is that all the goods they bought when the dollar is high, are yet to be sold, until they sell everything and restock with the new dollar rates, thats when things can come down. Majority of them never imported anything when dollar was high. They are just opportunist. simple. You see examples who the guy is talking about?
You will shop in abroad during festive period, you will nearly get many things almost free, but in nigeria, everything will skyrocket, everyone will be confused of what to buy with little at hand and its been happening even far before this administration. who is doing who?

Bro in my field of business prices have dropped..

olisaEze:
Was the last VP living in a tree??

This could be some sort of deal cos there's no need for it

helinues:
You go explain tired

I guess the remitted funds are in dollars as na dollars be our official currency

Hatred for one's country na beginning of becoming a witch

Oga na you hate yourself no dey talk nonsense. When you criticised Allen onyema we should have classified that as hatred right. Na una dey victim mentality still dey feel like victim. Oga stay one place no dey confuse yourself

lionshare:
[url]
https://www.vanguardngr.com/2024/04/forex-turnover-in-official-market-rises-95-to-12-68-bn-in-q124/[/url]

Bro that figure you gave is a period of 3 month not just march alone. Within those period the cbn made some expenses as well. I think you go back and read the first paragraph again. Look if the federal is being entirely honest with these figures we use as reference point, they should post it on nbs website so it can easily be accessible. There are so many contradiction in figures from different news outlets and this has been the case over a long period. I have to be honest with you, we are not serious as a nation

Joshintua:
Noted, how many communities will it cover and will it be throughout the country??

Go do yours if it not complete

lionshare:
The turnover for March was $5.54 billion, while reserves depreciated by $1.28BN. A good number of people perhaps rationally believe that the CBN used the reserves to defend the naira, but this is wrong because reserves are not static. They are used to meet obligations or receive alike. It's important to state that it was during the same month that CBN completed clearing verified + airline backlogs in excess of $2B.

To be fair to you and most people who think there is some form of defense of the naira, it's not completely untrue, but there is also exaggerated reportage on this issue by many news outlets who seem to care more about the clicks than disseminating the truth. The concerns often stem from either dollars to BDC or FX reserves as addressed above or government borrowings.

As for the sales of dollars to BDC, if anyone thinks it's a naira-defense mechanism, let the numbers do the talking. Again, FX turnover was 5BN in March; if we assume a weekly sale of $10,000 to 1500 BDC, that amounts to $60M. Can you rationally say $60m will move a needle in a market of over $5BN?

On the matter of MPR rate increment which has led to increased borrowing rates for the government, it's almost a universal practice. We have seen several countries do the same including the developed ones to tame inflation. I think it's important to note that the plethora of CBN circulars has brought about significant reforms to our FX market; visibility has significantly improved, which is the primary driver of the increase in lending by foreigners, which has increased FX turnover.

The reforms have seen banks significantly offload their net-open positions while currently searching for investors to meet the new capitalization requirements. In my view, the CBN team has done a yeoman's job in turning around the flight that was about to crash, but now we need to land and park the plane. We need to find the real price of Naira and keep it stable as possible for as long as possible.

Please show me were you got 5.5 billion for march cos this is what I got, $1.5bilion . Secondly the $1.2 billion I showed you is coming from a research analyst Charles aburde. So it's not a propaganda as you portray.

This is the link I saw in regards to fx gains from cbn. https://www.thecable.ng/nigeria-recorded-over-1-5bn-fx-inflow-in-march-says-cbn/amp/

Post the link were you got yours I detest lies

Kenya na beta saboteur

Almunjid:
In your initial comment, you attributed the dollar’s decline to the deployment of 1 billion dollars from our foreign exchange reserves. However, your subsequent statement suggests that the dollar’s fall was due to channeling funds generated from inflation. These conflicting statements highlight a "discrepancy" in your explanations.

Obviously this is were demand and supply plays effect. The cbn let the market forces to determine the strength of the naira which brought about inflation. This helped the cbn to generate some cash through ways and means.

lionshare:
God gave us all brains to think; pls let’s use it. Can you tell us how much exactly was pumped vs the turnover in the fx market in march ?

Bros you are the one to answer that question. I already gave you the answer to your question. So go ahead and prove me wrong with a substantial evidence

Almunjid:
Please consider a different rationale. The Naira has been performing robustly for approximately six weeks prior to the release of this week’s news. Furthermore, a sum of 1 billion dollars is insufficient to stabilize the Naira. According to Punch Newspapers, the CBN once expended $11.24 billion in a span of seven months to bolster the Naira as reported on December 1, 2022. Therefore, your presumptions appear to be unfounded.

Bro it's not up to 8 months since the dollar crashed from 1900 to 1130 as of today. The cbn was simply buying time for dangote refinery to start work that is why they have pumped money the made through the inflation to crash the dollar. Don't forget it brought a negative effect on the economy

lionshare:
Are you saying we are subsidizing the naira now? Any fact to buttress this view?

Ain't you aware? You guys are not paying attention https://www.thecable.ng/nigerias-fx-reserves-fell-by-1-2bn-in-18-days/amp/

Do you actually think its easy to crash the dollar without pumping money into the system is Nigeria producing anything? The cbn is simply giving back what they made during the inflation

Enskynelson:
I think you should read the article again... Her argument is that spraying is different from mutilation and lastly, if spraying is mutilation, how many politicians have been charged to court for mutilation of the Naira?

Why would you try to explain things to block heads. People that don't reason at all

helinues:
Tell the truth, are you happy or sad about this news?

It's not about being happy or sad but it's obvious the cbn is subsidising the dollar rate so there's nothing special, it's normal. Buh my problems why make us suffer inflation when he could have continued subsidising the naira. The problem the country is currently having is production.

Ozommadu:
Until Tinupoo goes after Buhari, Hadi sirika of air Nigeria scam, ISA pantami of nin scam, Tunde, farouk of school children feeding scam, fashola etc...I won't take him serious


He's only pained Emefiele made him a barking dog during the campaign

Exactly.. the guy is just angry with emefiele. After all the back and forth court hearing saying emefiele sponsored terrorism what was the end result?

Think about this.. buhari's administration was fantastically corrupt yet out of these corrupt individuals it was only emefiele that faced justice. This man was simply used as a scapegoat. Emefiele was not elected but was picked by the former president so how can you tell me he was operating all by himself without taking any instructions.

Who remembered when el rufai said buhari was deceived, does it mean buhari is daft or was it just a cover up. This guy suffered because of a wicked man, a man wicked to his own people.

pquaver:
Neither Obi nor Obidients are after a better country... They cant deceive me.. I am the last igbo man obi and his hound will deceive... Just look at anambra does that look like the best model state to you in the whole of Nigeria, yet the trumpet it to high heaven, look at Lp and Abure... Their member cannot be criticized they are always right.. That is not signs of people looking for a working country.. That people who are trying to hijack a system underfalse pretense... Who end uo loving the country only quarter to election.. I am not deceived..

Oga I just read one line and I just knew the rest is pointless. You can huge the transformer if you don't like my opinion. Bye I dnt have time for block heads

0m0luabi:
Dey play. you think Nigerian will see cheaper flights and book expensive one? Just dey play

Then if you comfortable flying 20hrs with different stopping point as against 6hrs direct flight suit yourself.

pquaver:
Jagaban will succeed... This i have seen..
This will pain obidients..

How will it pain obidients when everybody is looking for a better country. Once the naira goes below 950 I will definitely support his work. You guys are just wasting your time talking trash every single nigerian want a better country that is what obidients are fighting for. Reduction in corruption should boost the economy including accountability.

Slytiger:
Okay we have heard. Same thing Reno Omokri have been shouting about like forever.

Please don't bring Reno into this matter. Air peace and keyamo are the real deal here

Una dey import electricity? Which kind rubbish talk be dis