₦airaland Forum

They will be on their own

Please tell us how staye police would have prevented this. And dont come with vague lines like "they know the terrain better"

Curious345:
State police is key 🔐

Lol....you must be naive to ever expect a career criminal to keep to his promises

Lol....and is this one the "technocrats" the certificate forger boasted about?

Wow!!! Finished for Nigeria

These people never thought it wise to protest against bad governance,poor economic situation,looting, terrible governance.....but someone somewhere managed to use the terrible economic situation and poor educational level of these people and somehow convinced them to come out and protest on behalf of a a criminal that has many cases of stealing billions of their money with EFCC.

O ma shey o!

While other serious nation's national assembly are busy day and night discussing issues that will move their people and the society they represent forward....just look at what Nigerian Senate is dealing with?? Backward Nation

Lol..... did they stupidly believe Tinubu when he said anybody could travel from abuja to kano or on any other roads in Nigeria without the fear of being kidnapped?

They are mumus....believing a career criminal as a leader

Have you seen Tinubu walk?

hisexcellency34:
I agree. Trump can't walk Tinubu out the way he did to the Ukrainian guy. Carriage matters a lot

Lol....who go enter am??

Whether you put lipstick or no put lipstick...pig na pig

Lol.....even though Tinubu said anyone can travel all through Nigerian roads without the fear of being kidnapped.....mugu president

Your mortal error if you believed a person known to have a crime ridden personality and background

Lol...retards

Lol...other than a nuisance value that you constitute here, what is there to know about a half educated, dirty down low shame jabroni.....?? Lol...

You are my monkey here...I know that...oya respond

Putindbutt:
Dude, you don't know me, if you knew me.. you will get sense by force on Nairaland 😂😂😂

Lol... the weyrey responded....to confirm his new name....dem.no born you well make you no respond. Na me own you here here for Nairaland....i het your key.....my monkey

Oya respond...i want to confirm that you are my monkey...

Putindbutt:
You ended up saying nothing, you see why I dey flog your coconut head.🤣🤣😂

Olu Jabroni...the Jabroni of Nairaland. I have a few minutes to whine you for some entertainment...

Oya, respond...if you so not then it means you have accepted that you are Jabroni od Nigeria.....have you checked the menanibg of Jabroni.....?

Putindbutt:
A typical nutjob. I dey here to dey flog you.

Lol...dunce post, and a dumber response, from the Jabroni himself ...Olu Jabroni of Nairaland. Lol...i know you want some attention from me...oya I have some few minutes to waste on a buffoon...

God have mercy on that country....with the likes of the Jabroni below constituting the majority.....Nigeria will cease to exist in a few decades from now.

Respond...i want to confirm if you love your new nickname...Jabroni

Putindbutt:
Yes, it matters that NNPCL clears its name because daunces like you who misinform others and rope in NNPCL.

And that stupid false report of 200m litres of fuel import from gossip blogs is the reason NNPCL is coming out to put the record straight. Importation has reduced to 50million not 200m as being peddled by opposition fake news.

Lol...dunce post, and a dumber response, even.

Putindbutt:
Yes, it matters that NNPCL clears its name because daunces like you who misinform others and rope in NNPCL.

And that stupid false report of 200m litres of fuel import from gossip blogs is the reason NNPCL is coming out to put the record straight. Importation has reduced to 50million not 200m as being peddled by opposition fake news.

I dont want to believe this poorly written piece came from NAN. Same News Agency of Nigeria, a National agency known as the epitome of Nigerian international reporting and journalism of those years. NO!!!

Was there no to edit it?

Lol...dunce. Does it matter who is importing? Report stated that 200m litres of fuel has been imported into Nigeria since January 2025 in the face of growing local production capacity

Those who sent you need to seek for a refund kia kia!!....how they gave a contract for propagating their agenda to a semi-literate like you is still baffling...

TimeManager:
The misconception stemmed from the fact that some people confused every fuel Importation and attribute it to NNPC. But they are ignorant of the fact that there are independent marketers under different umbrella bodies who always look to import cheaper fuel from abroad into the country to complement the fuel supply in the country.


-Kiss the truth!

Wow!!

Osiris12:
what you read is exactly how it is on the streets.


You can actually get killed if you have had this conversation/argument face to face.

Instead of mass re-education, government is interested in mass weddings

My brother, it is saddening. I try to avoid engaging them but I usually dont know when it creeps on me impulsively and I start typing, most times out of bewilderment, amusement and pity combined.

I guess the little ounce(1% or 2%) of connection that I still share with these people or the minute feeling of Nigerianess still left in me most times get over me whenever I cant stand the obvious buffoonery and gullibility that I see here.

If what I read on Nairaland is a true reflection of what it is back in Nigeria and truly the state of mind of majority of the so called "educated" ones, then there is no hope whatesover for that country in the next 3 or 4 generations. It is sad to say.

I believe the majority(60%) post these gibberish out of the need for survival while the rest do it out of sheer ignorance, tribalism or religious preponderances.

I came from the SW and not in anyway connected to any political party, so I don't have any vested interest in any politician. But the level of idiocy I see here, driven by tribal, religious and political affiliations is alarming. That country may not survive it at this rate.

Osiris12:
you’re blessed.

How I wish I get your energy to dey engage these agbado munchers .

Most are boring and bereft of the topic discussed hence the insult

Lol...you mean I should stop calling out obvious lies and propaganda meant to deceive the people? Nah bro, you wont tell me what to do.

I will continue to engage, challenge, and discuss intellectually inclined posts here(if you read some posts before this you would have seen where I responded to an intelligent post on same topic, full with facts, sources of data, top notch analysis and intelligent conclusions)....but to waste time with things that the poster does not know what he or she is typing and doing so to mislead others for pecuniary stipends, capital NO!!!.

Vision101:
Then don't criticize and don't condemn.

Lol....i dont waste my energy or emptiness and lies. ....

Vision101:
Counter what is written and stop empty criticism.

Lol....again read what you posted that Emefiele was doing, go and check the meaning of roundtripping and arbitrage, then come back here and tender an unreserved apology to Nairaland.

I dare you to to define both here on Nairaland....we want to check something

No wonder you are into many things.....a confused dyslexic is a dangerous combo. Failure.

HydraFeeds:
You don't even know the difference between round tripping and arbitraging and I've been arguing with you since morning.

This conversation is beyond your IQ and pay grade .

Go and read about Dunning Kruger effect first .

....lol...lord have mercy...what else will I not see on Nairaland? Seun Osewa, you have a case to answer o...this your Nairalad is turning to something else with the type of people it attracts......

So when you buy forex at lower rates with fake documents, obtain the forex, take it out, return to sell sell it at higher rate(exact description of what you said Emefiele was doing), what is that called ?? Check the meaning of round tripping and the meaning of arbitrage in financial msrket while at it, then come back and thank me....lol...olodo!!

Trading in forex or whatever those jobless online people hawk about in Lagos does not equate to to knowlwdged....ot is called huzzle.....lol

Sorry bro, are you dyslexic? If you are, my sincere apologies. It is not my character to mock mentally disabled people. If you are, I take what I have written preciously back because I now understand that it
a natural bestowment for you to be this dense, not what you would have like to be. Pele, sorry

...oya, run along now bro and go and play with your fellows , i understand better now.

HydraFeeds:
You need to have your brain check before you comment ,because there's difference between arbitrage and round tripping .

Capital flight is one of the reasons naira loses value but arbitrage used to pose greater risk because the corrupt people have access to cbn rate funds and take it back in black market rate which pressurise the naira while the masses buy black market rate to pay for foreign goods and services which wil leads to price speculation because those that buy at black market rate will want to make profit as well .

The current gap between CBN and black market is now neglible unlike before that used the be between 250 and 400 naira .

We've been complaining of bad governments since but now we have someone bold enough to make an ingenious change but blind or short sighted armchair naira land analyst like you that never handle anything tangible beyond 2by2 shop is trying to feel important.

I'm into a lot of things and trading is one of them so I know what I'm talking about .

No matter how I try to open your head ,I guess it's too thick and it's like trust wallet logo .

You're irredeemable. Blaze trailer my foot 🦶. King of the thirds !

Lol...Hydra stupidity. This is what happens when you are a numty dumpty in real life but somehow got barely fortunate to have a phone and access to data and then assume all of a sudden that you have been weaned off your buffonery.

My question to you again is...do you read over what you post and then in your mind, they appear to have a semblance of anything reasonable in line with known economic and financial theories/models or you just conjure up some nonsense in your brain, fuelled up by the propaganda of the current government and you just click on the submit button?

I take it that you are high on some cheap local gin. When you get sober, take time to read your rubbish again, I am sure you will be ashamed of yourself.

If what you moronically tried to explain below is what you have been trying to call arbitrage all along, then I underestimated your buffonery. Sorry, you are compeletely retarded. Roundtripping is nothing new, they have been doing this since the days of Shehu Shagari. What is currently happening is even worse,it is capital flight. There is a reason the exchange rate is still high despite government's noise about Naira being undervalued or manipulations by some unseen enemies of Nigeria

Billions of Naira get moved out on a montly basis for investments and safekeeping abroad because Naira is beingbseen everyday as apoor store of value. It is not like the devalution has suddenly made USD available in Nigeria. The government is trying to pop up the naira on a daily basis for same reason Buhari anf co were doing it, there is still a thriving black market and businesses still fo not have access to the USD hence the rate exorbitant rate. Claiming that these were caused by arbitrage ranks as the dumbest I have read in many years. I dont expect you to undertand the connections anyway, so little surpise here.

By the way,leave the level of education I have or the grade I have aside, lets keep it to what we have on Nairaland here, that should be adequate to judge the level of education for both of us......but if you care to know, I have those qualifications that Tinubu wish he had and he lied about when he was completing his INEC forms while contesting for Lagos State Governor in 1999. That and more, my friend. What your President wished he had......I can boldly put my name out and proudly attach all my globally reputed credentials without anyone in the world saying pim...your President can not dare.

HydraFeeds:
You're bored and looking for the easiest way out of naira land because you can't cope with the heat but you're stuck .

A person that can read but didn't read and a person that cannot read are not different from each other . This simply means that a self acclaimed literate person like you that refused to learn is not different from an illiterate person . If we check your qualifications now ,it might just be pass or 2 2 in one useless course in one useless village .

You spoke about corruption as if you have the littlest grasp of its scope and you're still grandstanding in your ignorance.

Emefiele was able to embezzle a lot of money by moving the money to overseas at CBN rates then bring them back to Nigeria at black market rate ,the same thing people like bode George accused Wigwe of . Also ,most billionaires like Dangote and BDCs are also in this business ,not to even mention politicians.

In your little mind ,tell me all the profit they're making ,where are they coming from ? Are they coming from your empty skull ?

The fintech you're talking about also engage in arbitrage and they're still doing it till today but the gap is minimal and the volumes are limited because some international organisations even charge local debit cards in naira now .

I guess you should continue to look for a way to run away from naira land so that your frustrations will not lead to something else .

Lol... ....complete hogwash. Juxtaposing and arrant redaction of a simpleton. I initially had doubts about your level of education but I am now so convinced you are a stark dumbo.

All you have written below is not beyond the kevel of what jobless busybodies plap about in those local bars ans palm wine joints.

I am not going to bother brain picking the numerous absurdity in your disarrayed awareness or disastrous understanding of basic economics but to state that the seized Emefiele's assets and Herbert Wigwe"s university are examples of arbitrage yiubwere talking about stands as one of the dumbest thing I have ever read in my entire time on Nairaland. There is a clear difference as day and night between arbitrage and crime on the case of Emefiele. Besides in what way is Wigwe's university even close to abritraging?? Lord have mercy!!!

If you dont have an idea, millions of USD leave Nigeria on a monthly basis, rates irrespective. Naira is proven to ne a poor store of value so Nigerians, especially givernment officials ans politicians move mollions out monthly for safekeep. So, the source of arbitraging still continues despite the poorly advised devaluation. If you doubt it, check hiw much funds tbe fintech companies move out of Nigeria on a monthly basis or how much the BDCs sell on a monthly basis.

Like I started with, you dont have an idea of what you are writing. Mr engaging you is even a favour yiu shoukd ho to your church or mosque ti give do a thanksgiving fir

HydraFeeds:
It's only a fool that reason the way you are reasoning because you're trying to say the same thing about floating of the currency.

Whatever price the naira is right now ,it will trade back to its deserved value instead of the government trying to force it to a particular value with borrowed funds .

Now let me educate your ignorant a s s .

Did you read the news about Emefiele estate that was seized in Abuja or you're living under a cave ? That estate is worth billions of naira ,did you see Wigwe private schools ? Those are just few seen tangible assets . Now there are several funds like that ,that arbitragers laundered out of the country ,the gap between official and black market rate then was almost 400 naira .....imagine the volume of such arbitrage trades in a single day and the amount of money that's embezzled via such trades .

Where do you think such money is coming from ? Or you think that 400 naira profit just come from the thin air ?

After the policy changes,there's an abrupt change in value to adjust with the current reality ,but if you monitor the market for several months now,you will see that the market is stable .

Lol....guy, you go school at all?

Even when the government sources claim Naira is undervalued at 1500 to 1USD and claim it is a willing buyer and willing seller market, you are still bringing in arbitrage angle as the reason for the exchange rate.
This is after the Central Bank itself creates a sell rate lower than the market by selling to BDCs at a lower than market rate. Shouldn't the pressure on Naira make it overvalued?

If I may ask, what exactly is the pressure on Naira??

Naaahh!!! Dont bother.....I have read enough to know you don't have the fundamentals....there is no point engaging you further....honestly

HydraFeeds:
Progressing themselves to be wise they become fools .

Too much pressure on naira makes it to fall and two of the most things that pressurise naira was arbitrage and price speculation .

These two put more pressure than any form of tangible imported services or products.

Now get lost .

Lol....he doesnt even have facts....just mere conjectures and speculations.

Person wey no sabi wetin him dey write dey tell me to go check my facts again...even after i quoted credible references as my sources...mugu

There can be 1000 visits and 10,000 coming to arrange or 50,000 coming to check things, if your FDI is dropping by almost 100% in 2 years it means people are running away and your economic policies are not working...no other ways to spin it

NewHe:
Go back and verify your facts, then come back to argue your case.
The government said, they've trooping, of course they must come to arrange and check things, the report didn't mentioned investors had invested so so amount Hatred had made some of you to be blinded!

Jabroni..... ... if you want to learn and you need me to tutor you, you could easily PM me instead of going about it like this. I would gladly waste some few free hours in a month to teach you on 2 conditions:

1. Your brain is completely neutered first and cleaned up of all the stupidity stuffed in there
2. You will need to do an IQ test(I will be magnanimous enough to accept teaching you if you can meet up 75/130)

You hear....?

Putindbutt:
My customer, point out what was poorly written in the article, simple question. You don't start again to dey do like snake. Illiterate.

lol.... did you read what you posted before you clicked the "submit" button?


This is what we are saying. These guys are barely educated. Not sure this one understands the gibberish he has posted below. Arbitrage? Devaluation?? Kini n so?

HydraFeeds:
The most important reforms are the unification of the rate and floating of the currency .

Investors now know that the dollars they invested will compete in the market and will not be affected by abrupt devaluation that's caused by arbitraging .

lol...illiterate. President of Airtel visiting Nigeria translates for FDI in your cockroach brain?

Even when the World Bank(the only global financial institution still supporting Nigeria) reported on their website that Nigeria's FDI reduced from $3.5bn/annum in 2022 to $1.56bn/annum in 2024(almost 100% drop), you are still here writing like a zofo. How else do you measure investors confidence or lack of in your economic policies?

If the Investors were trooping in like the propagandists claim, Nigeria will not be funding its 2025 budget by begging for loans.

NewHe:
Start the search from your state, even if i mentioned them you go doubt am!
Here's a hint:just yesterday, AIRTEL President Worldwide visited The Nigerian president at AsoRock, please find out the outcome!