₦airaland Forum

Below is it being called woe, showing one group's poison might be another group's dinner.

The woes of the Nigerian Naira in the Nigerian Autonomous Foreign Exchange Market (NAFEX) further continued on Tuesday, February 24.

During the session, the domestic currency weakened against the United States Dollar by N6.13 or 0.45 per cent to N1,355.37/$1 from the N1,349.24/$1 it was traded in the previous trading day.

The local currency also moved southwards on Tuesday in the same market window against the Pound Sterling after it lost N6.39 to trade at N1,828.26/£1 versus Monday’s closing price of N1,821.87/£1, and against the Euro, it depreciated by N4.94 to close at N1,596.36/€1, in contrast to the preceding session’s N1,591.42/€1.

Similarly, the Naira crashed against the US Dollar at the GTBank FX counter yesterday by N4 to settle at N1,361/$1 versus the N1,357/$1 it was exchanged a day earlier, and at the parallel market, it remained unchanged at N1,365/$1.

The fall of the Naira coincided with the Central Bank of Nigeria (CBN) buying US Dollars from the market to slow down the rapid rise of the nation’s legal tender. Latest information showed that last week, the apex bank bought about $189.80 million to reduce excess Dollar supply and control how fast the Naira was gaining value.

The rationale was to keep foreign investors from pulling their money out of Nigeria’s fixed-income market. If they sell their investments, it could increase demand for US Dollars and lead to more Dollar outflow from the economy.

https://businesspost.ng/economy/naira-further-falls-to-n1-355-1-at-official-fx-market/

I believe I can fly but 5 more characters are needed.

Judge: Then what exactly has been intercepted here? A phone call… or common sense?

Because petrol is $1.99 this is not inflatory.

https://wolfstreet.com/2026/02/24/whoosh-goes-demand-for-electricity-us-power-generation-by-source-in-2025-natural-gas-coal-nuclear-wind-hydro-solar-geothermal-biomass-petroleum/

BreakingNews21:
I'm gonna share a secret with u. I'm blessed be a great grandad. These mature eyes are holding up well for all the books and articles I've read. Audiobooks are a welcomed invention, I sleep with one on just about every night! I have all 800 pages of 'Memoirs of Extraordinary Popular Delusions and the Madness of Crowds' by Charles Mackay under my belt. That book helped me learn about various financial schemes/scams throughout history and how to avoid them.

Yeah, figures. Audiobooks! They are like the new messiah or something. I couldn't have read my most profound book to date without it. It sort of says why crowds have delusions and go mad too, and how not to delude oneself and go mad like the crowd.

One of those bs began life after buhari 1.0, and does not read nor listen nor learn, I share.

Spambot got the below, lol. And might get this too.

Meedon:
I shall mind my English from now henceforth.

You too kind. Thank you.

This is just nonsense! And I am Obidient!

From my personal findings too, he won the last Presidential election held in Nigeria but I think because he is Igbo

I can't help feel he is generalising us all from a few ignorant people he met.

He said because they are very bad people. I was shocked to hear that. I dug deeper, so I asked him why does he think so? He said something in Pidgin English that meant he knows them very well and have dealt with them severally, that they are very terrible people that love money so much and ready to sacrifice their entire family members to make money. And he narrates all these with anger, showing he meant every word he said.

Who paid dump's tariffs now?



https://www.youtube.com/watch?v=DGX6nirT95k?si=Zt2_VIwUYZVZGuan

Brendaniel:
At the bolded, so we can liken your experience of having and changing leaders to that of the military since you had no choice during the military and unable to make your choice become president during democracy.

I think you don't understand how democracy works, so let me.

People say they want to contest to be leader. People vote for the one they want and the one with the most votes wins.

Last election I chose Obi. Majority chose Tinubu, so the Obi that I chose lost. I still chose Obi.

Brendaniel:
And lastly, maybe you don;t understand me, the ultimate choice for the division of Nigeria will still lie in the hands of the people to decide, my mission is mainly to give them the platform to decide, any region that wants to leave can leave and anyone that wants to stay can stay, through referendums,

Good luck with that.

Brendaniel:
If majority people from a region vote to leave, would you still swear for them for leaving based on their choice?

No one is giving anyone a referendum on whether they are Nigerian or not, so maybe it's not president buda we need, we need president Brendaniel instead.

Brendaniel:
And am I wrong for giving them the option of them deciding if they want to keep being Nigerians or not if you really believe in the democracy you preach?

Brendaniel, we are a constitutional federal representative republic, a system whereby citizens elect officials to make decisions and create laws on their behalf, rather than voting on laws directly.

We do not practice referendum democracy, yet.

bayelsaowei:
They can run in circles but they cannot hide.

Them go tire..

https://www.youtube.com/watch?v=cVr-DoTYzME?si=CekI_kiEAqfz6uWt

Brendaniel:
Since 1999 when democracy returned, which president have you been able to change and replace with your choice?

My choice? Like the last election when my choice was Obidient?

Answer is none. Unless you count my acceptance of Buhari whom I knew will make Nigerians suffer so we open our eyes small.

But you are aware that it's not buda alone who selects the president with my one vote in democratic Nigeria, right? So why my choice when democracy means, everyone's choice?

Brendaniel:
There is a very difference between dividing and destroying...

I can assure you that both will fail in my lifetime. You will live long after buda and Nigeria will not be divided or destroyed even long after you are gone.

Brendaniel:
Do you see Nnamdi Kanu as a terrorist and does he deserve to be jailed?

I have in the past called Nnamdi Kanu a 'terrorist' for calling my country Nigeria a zoo, but he is not bokoharam terrorist, so I have called for his release from what looks to me like illegal detention too.

I do not approve of being called animal.

#FreeNnamdiKanu

Brendaniel:
I will ask you just one question in your next response to give you an insight into how far your reasoning is different from that of the Islamic north.

Please be aware that I already know that my reasoning is very far different from that of most Nigerians, period.

If I to adorm my arrogant pant and jacket I would say I am the most unique Nigerian there is, but it would be a lie because every Nigerian is their most unique self.

Brendaniel:
I'm not here to promote military rule, I'm just here to let you know that if your plan is to work, then go and join the military or use a military styled government or...(unconventional method), if not you are most likely wasting your time, as long as majority have a say under your government then majority will have their way in any region you are targeting for implementation of your plans.

Please know that I am anti-military rule because I prefer to rule myself and change my ruler every 4 years if the ruler rules bad.

Also note that my ideas have not been tried by anyone, least no atheist Nigerian president has gone to do Ramadan in Sambisa Forest, yet what they did achieved a lot, and my idea might achieve something too.

In fact, it has already achieved quite a lot already just by my writing it I assure you, but will wait till you see it yourself.

You just know that those who wish to destroy my country Nigeria would never see progress made.

Brendaniel:
I asked you this question for a reason, what I want you to know is, whatever lifestyle you see in any region in Nigeria(political, religious, cultural, educational etc) are mainly products of the ideology that governs their thoughts and thought process.

Sir, our lifestyle and politics and religion and culture and education etc in each region are not things in our dna that we are born with and can not change, but are precisely and exactly a product of what we are fed and taught in each region.

It's kind of like a software installed in people in each region is different, and is predominantly Catholicism in the Igbos, Protestantism in the Yorubas and Islam in the Hausas, with crossovers of course since not all in any tribe adopted all what they were fed.

vaxx is my resident expert on tabula rasa, and there's lots of refs on Nairaland, so please research.

Brendaniel:
Do you also think they want to end the Almajiri system ? No, they don't want it to end, because they believe it is right just like you believe it is wrong,

First, I do not believe the Almajiri system is wrong. I have studied its implementation and I have seen the results, and I know it does not produce what will positively impact a person's life nor move a nation forward and there are better education systems, and I can very easily provide evidence so that enough people abandon almanjeri and go to school.

I will bribe students with lunch, note.

Brendaniel:
That's because you don't reason like them and they don't reason like you, that's why after reading your good idea, i said it may likely not work, not because it is bad but because of the ideology of the people you are introducing it to, they may see it as bad just like you see the shariah they are practicing as bad.

This is why the president budaatum of Nigeria is starting by changing your installed software (of belief) by reforming the education system of Nigeria so that you may use your own eyes to ask and knock and seek for yourself and understand what you see like buda does, instead of mere believing what you are told to.

My new education syllabus will teach people to reason like me not to believe whatever you are told, but to use your own brain to find answers to what, why, who, when why, how. The intention is to inculcate a new culture in everyone, that they should not be ignorant believing enslaved made from mud and afraid of knowledge almanjeri Adams, but become powerful asking and knocking aad seeking and feeding daily on fruits of trees of knowledge to rule and subdue and multiply blessed images of God.

I'm not describing some magic wand I wave and the lights turn on and almanjeri is abandoned by all Brendaniel, and yes, I do expect opposition and resistance especially when I set up camp for a week in Ramadan in the middle of Sambesi Forest. Don't you worry about my safety. The entire Nigerian Army will be there to protect me and I will screen me live on youtube for Nigerians to look at me there.

If I start with nursery one students (only because it would be as hard as forcing a camel through the eye of your needle to make you abandon your current ideology and consider this new understanding and ideology), I would likely get some before their minds are polluted with the beliefs and ideologies and cultures and religions and politics in their regions. And I have the feeling I can make a generation have a culture that knows we are our own gods. I mean. Just look at you Brendaniel, calling my ideas good already.

But, Brendaniel, I think you underestimate your own powers and abilities. It may seem small, but you made me order the belows. Call them bullets in the gun that will kill the ignorance of almanjeri in Nigeria. I very much appreciate you adding them to my ammo.

zhike:
I understand you very well, but everything start with an individual.
We need a good person like you to start a revolution and we will follow.

Zhike, enough Nigerians will not follow someone like me to win lol. You will say I'm the wrong gender, the wrong religion, oyinbo too much, she no gree us chop free, etc, etc.

And who says buda is a good person?

bemeruca:
If he is listening to Tucker because of anti-Semitism......

He is not "listening to Tucker because of", bem.

He listened to Tucker to hear what Tucker and Huckabee had to say.

BreakingNews21:
I'm just realizing there's quite a few very knowledgeable Nigerian Americans and Nigerian immigrants in this thread that are really tuned into Yankee news & politics along with Naija happenings.

Anyway I post this link below in peace concerning the some history of the American Revolution from England. I just started listening to it an am reminded that General and first President George Washington's closest assistant was a man of African descent.


https://www.youtube.com/watch?v=s1snOJwE_ks

10 hours!

But then, you are fortunate. Gone are the days you had to be lucky to get a book and read it yourself.

I am so very jealous of this your generation!

I hear she still lives.

https://x.com/Maryhann_Oye/status/2025996589399953619?s=20

Like burning!

https://tribuneonlineng.com/faan-confirms-fire-incident-at-murtala-muhammed-international-airport-terminal/

zhike:
I like the fact that you accept the challenges Nigeria is facing, that is a good thing.

The next step is to find the opportunity to fix this problem than to run away.

In your case invest in building good private hospitals or challenge the government doctors and nurses do that they can start giving good service.

You are very amusingly funny, zhike, for wanting small buda me to "find the opportunity to fix this problem", and to be honest, I am daunted you'd even consider tiny me could "accept the challenges Nigeria is facing" and find solutions to them, when the truth in fact is that everyone should be sweating from their own brow to save themselves.

24 MRI scans it took to move my toes in the end, and those were the least of what put buda back together as best as they did.

Nigeria's problems are not for any one person to solve, zhike. We all carry the bit of the cross that concerns us or suffer together or at least as each of us can ensure we can.

tctrills:
Italy used to be a manufacturing world power untill China came alone.
I believe that some industries should be protected.

I'm sorry, but I do not agree with policies that negatively impact my Nigerian people and then ask them to pay for it. That is theft. A crime against the Nigerian People who honour me to be their servant! I believe that every industry should protect itself, and not me using Nigeria money to protect them.

Read about Italy today after China came along and tell me how much they sell to China please.

Italy is a leading global exporter with over $630 billion in annual exports, driven by high-value machinery, pharmaceuticals, motor vehicles, and fashion. Key products include industrial machinery ($111B+), packaged medicaments, refined petroleum, jewelry, and luxury automobiles. Major export partners are Germany, the United States, France, Spain, and Switzerland.
Source: The Observatory of Economic Complexity

tctrills:
More than 30% of the entire labour force are farmers. The moment we outsource that industry, it will be anarchy. It's an unnecessary own goal.
We can destroy local agriculture just to please Burkina Faso.

One joke about dump's tariffs was, we don't grow bananas in USA so why tariff where there's no industry to protect? Meanwhile, farmers in dump's tariffed USA are crying that he has destroyed them.


https://www.youtube.com/watch?v=UQJrCp8XurE

tctrill, Obada Market stopped before my house off Oroki Road off the Okinni Ijado Road when I was young. Now it's all the way up at Janta-Jamodo where the Palace Road meets it because despite some few miscreants who are yelling that some foreign tribes are replacing them and that we are trying to educate, our motto is everybody come and buy and sell please.

Nigerian farmers have capital in their land, so will not abandon it because of imports. They will just simply plant different things, like in my Orolu Kingdom when we moved from kolanut and yam to cocoa and maize and and palm oil to cashew nuts etc and not necessarily in that order, yet we still grow everything else, and the introduction of diverse imports have shown new needs which local farmers choose to fill and profit from.

No tariffs whatsoever, is my position. It includes free movement of people too. Come to my Nigeria please if Nigerians can as easily go to their own countries.

tctrills:
You have convinced me on the electric cars. But I don't think removing tariffs from African products is a great idea. I see it bringing direct competition to our local production.
For example, imagine importing cassava from Togo. Imagine what that could do to local farmers.

Why are you asking Nigerians to pay more for food they can get cheaper from Togo?

No tariffs! Local farmers (and teachers) should go and learn how to produce cassava cheaper or better than Togo farmers who pay more in transport or go look for something more profitable to farm!

We need the competition. Togo iron will sharpen ours.

You make lies up when you're lost, or you'd simply show where buda argued that, "Christians are trested better in Gaza" instead of asking to be believed.

bemeruca:
Budaatum once argued that a Christian was spat at in Israel so Christians are trested better in Gaza, and surrounding nations than Israel.

bayelsaowei:
Why cant this man for once respect co-equal arms of the US government ??

Why??

Which kind of people voted for this animal ??

Toddlers usually can't.

IjeBos:
I have 0 cares what Bemeruca thinks.
He isn't intelligent enough to even argue with.

You know my position on this already Ijebos.

I have never understood why you let him take so much of your time responding to him when you care not what he thinks.

tctrills:
But I will not remove tariffs on electric cars or any consumer good. I will only remember tariff on industrial, manufacturing and agricultural equipment.
And definitely rice.

I will remove tariffs on electric cars first because I want China to flood Nigeria with electric cars so Nigeria needs Nigerian electricians to electric them, and those Nigerian electricians would have at least gone to university so jobs will be created for Nigerians.

Nigerians who buy electric cars would find that our Nigerian roads damage their cars, and would then get angry and annoyed at incompetent road government, and so vote out bad road maintainers and vote in better road maintainers to save their cars, which would create better governance and employment for Nigerians.

Electric companies would have new sources of revenue growth from you charging your electric car and more money to invest in hiring more Nigerian people to supply more electric to Nigerian people so there will be light in Nigeria to see Nigeria.

In 5-10 years, demand for electric cars will grow in Nigeria so other companies will come. You after all can not buy Ferrari Mercedes Benz Rolls Royce from China. And I will insist on sustainable growth of 60% local input, half which must be directly invested in secondary schools in Nigeria.

20 years time Nigeria might be established as the Gateway of Light to the entire West Africa, all because I refuse to shut my eyes and restrict myself to not learning from others.

Along with the above, I will remove all tariffs on rice and people and everything made anywhere in Africa. If you are 100% Africa, no tariff. And that includes people. If you are 100% African, no tariff! I want my Ghanaian maths teachers back!

It's after all not as if tariffs are not an old tested and found to have failed idea, so why would I adopt failure as my policy for the betterment of my country and my people when I am not ignorant?

USA is very fortunate that they are a democracy that can vote out a government that is leading them astray. We should learn that from them if nought else.


Notes:
https://335468385.medium.com/the-haijin-policy-%E6%B5%B7%E7%A6%81-or-maritime-prohibition-policy-implemented-during-the-ming-dynasty-had-94220b8bbf97

https://samurai-archives.com/wiki/Hai_jin

https://en.wikipedia.org/wiki/Haijin

bemeruca:
IjeBos does not think so, he has found a new champion 😂

This seems to be your own understanding of Ijebos posts on the subject, but I have not read anything from Ijebos suggesting your understanding is correct.

Please know.

benalvino3:
Watch it and you would realize how dum b Tucker is.

Both Tucker and Huckabee sounded dumb to me.