₦airaland Forum

Angelfrost:
Man United is in shambles?!! Are you having a laugh or you haven't seen teams this new season??! Lol.

Arsenal's best chance of winning this league was last season... It will be harder this season (they can win it o, don't get me wrong).

Most struggling teams of last season have worked on their weaknesses:

Chelsea is looking more solid
Liverpool seems back
Spurs is not messing around
Man City is not kidding around (they have records to break)
Man United has cleared out a lot of baggage, and the team is looking quite alive for the first time since Ferguson.
Aston Villa and Newcastle are more deadly now


So, never make mouth yet... No team is running away with anything this time around.

Besides, in terms of coaching, Arteta is still a learner where others are... Others like:

Pep Guardiola
Jurgen Klopp
Erik ten Hag
Unai Emery

You my friend, are fvcking intelligent!

doggedfighter:
Redmi is better !

Don't say this in public please.

OP,
I like your face scar more than I do the phone. Looks fvcking macho!

That said, I'll rather spend that 188K on a Samsung product than an Oppo device. That is not to however undermine the uniqueness of Oppo products. As a matter of speaking, if I was to pick an alternative to Samsungs, I'll do Oppo or Huawei.

Was just introducing this App to my cousin who's a Private school teacher in Abuja, before I saw this thread.

Y'all are doing well! But there's more room for improvements. Just try not to relapse with your services.

Over 2.5, in-toto!

Tookool:
He left all the bad roads in Cross River to go complain of Ogun state's roads

Have you ever been to Cross River State?

1Dray:
Dare put Ebonyi and Poorest in the same sentence again...

LMAO!

Your unnecessary anger isn't about to change the fact that Kebbi, Ebonyi, Kwara, Ekiti are sadly on the list of the poorest states in Nigeria.

bigtt76:
Ok so this is how it should have worked.

CBN licensed some companies as international money transfer operators (IMTO) with the likes of Western Union, Moneygram and Flutterwave etc as one of such operators.

These operators are mandated to facilitate remittances from the diaspora into Nigeria with the Nigerian banks as their support. The banks are meant to buy up the dollars from these operators at a rate set by CBN (which for now is the I&E window rate floated).

The relationship is such that the IMTO would fund the foreign accounts of these banks via CBN's JP Morgan account abroad. And the CBN in turn would make available to the Nigerian banks locally the dollars.

But this hasn't been the case as we now have operators who facilitate inbound and outbound remittances using p2p channels meaning the banks have been sidelined in the scheme of things. The visibility of the banks you are still seeing is the paying out of Naira to the beneficiaries bank account from the pool of naira created by Nigerians looking for dollars to buy and settle transactions abroad.

Because of the monopolistic but liberal manner these platforms operate, demand is high but supply is now dictated by senders who also dictate the rates they want in exchange. This has now given rise to the exchange rate locally at the parallel market through which they operate.

For this issue so be resolved, CBN needs to be liberal with how forex can be accessed through the banks for outbound payments else many would shun the current system for the costly parallel market system. Form A or M for instance are too bureaucratic with costly delays in meeting demands.

These parallel market operators of the international remittances are also indirectly being pre-funded by multinational companies with their profits or investments trapped in Nigeria. Until those are settled it's going to be difficult getting the true benefits of the floated naira.

This is impressively detailed, and I appreciate the effort you committed into putting these words down.

However, just out of curiosity, can you kindly help inundate me with at least two of those operational platforms facilitating the P2P diaspora remittances that are effectively sidelining the banks and licensed financial houses?

People are suffering and this retard is busy receiving portraits with empty assurances.

This man doesn't know that majority of Nigerians are pulsating on the precipice of fiery rage. While he's busy with his macabre dance of leadership mediocrity, it will come as a rude shock when Nigerians explode in the not-too-distant future.

And if there's one thing no Nigerian Politician can handle, it is the reactionary rage of over 150million angry and hungry Nigerians!

complexstuffs:
IPOB sore losers masquerading as a pro-democracy civil society organisation, Global Integrity Crusade Network (GICN).


Is is not too early to start blaming Tinubu?
Besides, Nigeria is going through a transition stage and it is perfectly normal that some adjustments may lead to certain discomforts.


That was how they formed all types of groups claiming that Buhari was dead and that Nigeria was being ruled by a clone and/or Jubrin from Sudan.

Even you who wrote this nonsense, when you read it again before posting, did it sound like normal human being talk in your coconut head ?

obembet:
UK hardly deny visa as long as ur documentation is correct and no fake or false information there.

I stand to be corrected Sha

Nlfpmod

You is right.

1Dray:
A thousand and one Ebonyian will comfortably feed you and your entire family for 10 years, no capping.

You're absolutely certain you won't to go through this route? Think really hard before you respond.

helinues:
The generational wailers

Dollar might exchange for 1000 naira tomorrow. Continue playing the ostrich and watering down the emotions and sufferings of your fellow countrymen and women!

mariovito:
Guy, why so rude?

Me harmless, bro.. !

Ever8090:
idiotu

Na so you dey quick vex ?

helinues:
And you decided to go with pidgin just because you don't want to disgrace yourself. Bomb thrower..

See sir kettle

Helinues, if I'm the kettle, I fit afford to call pot black. Because pot dey actually black pass kettle .

And the pidgin na make you for understand me better. I dey do you favour, you dey run mouth. You be ingrate o!

Obaseki and Shuaibu should find ways to sort their personal fracas and leave us alone to focus on more pressing societal concerns .

Person wey no even fit speak simple English dey create thread to idolise who no get certificates !

APC people just hate education.

fineboynl:
they do their are local money transfer agent all over Asia and Europe. They will credit ur account in naira and collect tour foreign currency. Most if this money are sold to importers all in perralle rates.

The growing population and technology age js the reason naira is on a free fall. We are nothing in terms of technology and very household has technology from tv to music to fridge to phone. Yet we don’t make any and population is growing.

You basically said the same things I did, albeit with different semantics.

Kukutente23:
ElSudani
Here's another judge, jury and executioner. Kindly give him choice words to save his soul

Ooh, I'm shaking in my boots right now !

Nigga, you didn't get the memo? My blood flow is only bested by the variety of words in my bones.

Old people like Zuma shouldn't even be seeing out prison sentences in jail cells.

House arrest with maximum restrictions. No outings. No visits. A tv, water and food. Plus books so their minds don't go numb.

But if that feels a bit like an over-reach, they can be shot in the head, make everybody rest.

Theboss001:
The guy is just a chronic lunatic.
The idiot claimed to be supporting sowore presidency but spend the whole campaign time attacking P.O
Was that how sowore was supposed to win?

Deji is on colos. !

mariovito:
Make the guy use the money take brush up him knowledge of Nigerian geography and politics.

Which one be "Benin State"?

Na Benue boy, no blame am.

Them sabi all the ingredients for every brand of beer, them even sabi scientific names of different rats, but anything wey cross comot from Otukpo and Vandekyia, e dey hard them to remember..

FutureIsFemale:
No matter what this David does, it can never take away the stains on his garment. I just pity him.

And pray tell, what stains be those?

Kukutente23:
Why would he do that? It's his turn to chop
If we want to be honest with ourselves, he was basically chosen because of the sound of his name and not the content of his brain. Did anyone do an interview for him before choosing him?
So why blame a man called to the table to come and chop? He has shown the depth of his ability. It is left for his employer to either upgrade or manage

I actually figured this long ago. But I didn't want to put words to the thought so I don't get labelled a tribal enthusiast.

Man clearly knows not what he's doing, but was apparently elevated to that seat because of the cultural alphabets in his name.

Jogs1900:
Abi..leave them..I don't know how someone will go behind me to request for my academic credentials from my school.

This one dey use heavy pride understand English from back.. .

linearity:
Like he stated, they are capturing those into the system, I think he is talking about thousands of diasporas who travel into the country every week for one reason or the other with their foreign currency in their pocket.

He wants those monies to also be captured in the system. But he is more clueless than I thought if he expect these people to take their eg dollars to a bank and get N450 in exchange instead of to the black market where they will get almost twice as much!

Please read the body of the thread again. What you're implying is not what he meant at all.

Man says the remittances actually "pass through the banks" but they don't get documented. And that they're further taken out to the parallel markets for exchange.

How can a transaction pass through a bank to the hands of a random individual without being documented by the issuing bank?
Shonubi is as confused as he's incompetent.

Fitness challenge completed: Picking up his children.

!

IconicR:
😂 I still have enough

Add the extra croaker fish to what you already have. Consider it a token meant for you to enjoy your holidays .

ebenholer2:
We should not expect the diasporas remittances to be officially documented cos people have no trust in our banking system again due to frequent anomalies being perpetrated by our banks. Infact people would love it to be keeping their money at home but only for security reason.
Beside, we need to believe it and that the same people criticizing the presence of black market trading in Nigeria are the ones hugely benefiting from such trading at the expense of Nigeria

Brotherly, there are no diaspora remittances that are not documented by the banks. What then would be the essence of me walking into a First bank branch and filling a lengthy form as well as depositing my fingerprints so I can access those dollars sent through Western Union and Ria?

Isn't the essence of the entire bank procedure meant for documentation that I received money from the obodo oyibo? Don't the commercial banks eventually send reports to the apex bank on these transactions? So what other silly documentation is Shonubi going on about?!

Kukutente23:
Pity him.
He's basically saying parallel market rate pass me o

Walahi, e dey pain me say people with litany of degrees gotten here at home and abroad, can often sound so vacuous.. .

If work pass your hand, you no go open mouth talk make people sabi how to take help you?!

DrGoodman:
Don't worry about us, Asari will teach Russian forces some political lessons

Crowd go gather you beat one day for this your bad mouth !