₦airaland Forum

Felabrity:
When the naira appreciates, apc followers thank Cardoso, Tinubu and Ribadu

But when it depreciates, they blame Crypto, Obidients, Aboki fx,Sporty, binance, Peter Obi bybit,kucoin, emefiele, infact anything blameable.

LandMann:
Naira is depreciating because inflation is rising.

There is a negative relationship between inflation and the value of a currency.

If inflation rises the value of a currency will fall.

Over the past two months Nigerians can confirm that inflation has been rising as cost of goods and services has been increasing. NBS also confirmed it. Yet, despite the rising inflation, Cardoso and CBN was using propaganda to prop up the value of the naira, which goes against any know economic principle. How long will CBN and Nigerian government continue to use propaganda to prop up the value of the naira?

The long term effect of this bad behaviour of CBN is that foreign investors and foreign lenders will lose confidence in Nigeria. When this happens the CBN and the government will have a bigger problem on it's hands that no amount of propaganda can solve.

If you want to truly fight naira depreciation then you have to fight the true cause which is inflation caused by several factors such as insecurity, high cost of power (fuel/diesel), terrible road infrastructure.

Insecurity has prevented farming and production of food, leading to high prices of foodstuffs.

Removal of subsidy has lead to high cost of diesel and fuel which serve as input in the production process and transportation process. Higher cost of production and transportation lead to high cost of goods, high inflation and lower value of naira. The government made it worse by recently increasing cost of electricity by around 300%. All this will lead to higher cost of production which will be transferred to the price of goods in the market.

Lastly the state of federal roads in Nigeria is beyond bad. It takes extremely long time to get goods from production point to final consumer because the roads are just terrible. The bad condition of Nigerian roads lead to delay in delivering goods, leading to waste of more diesel, accidents and damaged goods...all this is cost to the producer, seller or transporter and they factor it into the price of the goods which ends in higher prices, inflation and a depreciating naira.

All the above is just a summary of the real cause of naira depreciation. Instead of CBN and Nigerian government to be chasing Crypto they should focus on tackling the above issues.

Crypto has been in Nigeria since 2015 yet the naira did not lose as much value or fluctuate so widely as it is doing now that Tinubu in all his wisdom decided to announce subsidy removal and exchange rate deregulation on inauguration day knowing fully well we have the aforementioned problems bedeviling the country plus Nigeria does not produce sufficiently for export to earn foreign exchange.

Relying on propaganda to run the country will fail eventually.

Tinubu is a huge disappointment

Saturnalia:
From what I just read in this write-up, the Crypto Exchange Platforms “BYBIT” and “BITGET” are the cause of the latest depreciation of the Naira.

The solution is very simple.

I expect the FG & the CBN to immediately launch massive offensive against them and begin clamping down on them like they did to Binance.

The FG must understand that there a lot of enemies & saboteurs within and outside the Country, fighting and working assiduously against the interest of Country; some are still bitter for losing a credible election while others are just outright sadists that are averse to prosperity & blessings.

It is known locally and internationally that CRYPTO EXCHANGE PLATFORMS are shady & disreputable schemes that are servicing the interests of Yahoo Boys, Kidnappers, Drug Peddlers, Armed Robbers & corrupt Government officials.

This is the reason CRYPTO EXCHANGE PLATFORMS are being haunted & shut down in almost every Country overseas.

The FG must not allow the comments and opinions of the “unscrupulous elements” in the social media (who are actually the perpetrators & enablers of these schemes) to deter it from taking the necessary actions and doing what is needed to be done to save-guard the integrity of the Naira.

Drastic times call for drastic measures. I repeat, do not be dissuaded by their “Reverse Psychology”. I can already see some of them on this thread saying the Government is chasing shadows.

In fact, if I were the President, I would do what General Sani Abacha and Olusegun Obasanjo would have done.

These cockroaches do not care whether the Country burn or collapse. They are the ones speculating & manipulating our currency with their CRYPTO SCHEMES and at the same time cursing the Government for not doing anything to curb the depreciation of the Naira.

They have even sworn that the NAIRA must trade for 5000 against the DOLLAR before December.

It doesn’t take a rocket science to identify those that are defending these “Economy Wrecking CRYPTO EXCHANGE PLATFORMS” as their enablers and perpetrators.

Google the list of Countries where CRYPTOCURRENCY is restricted or banned, and you will understand the monstrosity of what we’re dealing with.

I do not like Tinubu and did not vote for anybody BUT I AM A PATRIOT AND WANT NIGERIA TO WORK.

Haters are free to masturbate on my mentions. It doesn’t add or remove anything from me.

KingKO22:
Enemy of progress, we know your motive an intention is to see Nigeria to born down bcs Pandora Obituary lost election

Raskimonojendor:
They do give a damn else Peter Obi won't be up north begging for votes while the majority of the so called headless mobs are also ibos.

tunjijones:
So the clamor to vote obi in last election was cos of competency. Even kwankwanso is a better administrator than obi. He did better than obi when he was a governor.

I don't know about you, but most Igbos wanted Peter obi to be president cos he is igbo not cos of any yeye competency.

KingKO22:
Obituary romance with the North won't get him anywhere

Igbos only wants to divide the country through presidency but we won't let that happen


No Igbo presidency for now

Until enemies among them see Nigeria as the country that should prosper
. The mentality of negativity from igbo to ruin the country at all cost should be corrected first . Then we will consider a Humai or Soludo presidency not this noise makers they are forcing on us at all cost

Offpoint1:
Simply answer the question... Biblical or Quranic God? I'm not asking for a verse.

Offpoint1:
Simply answer the question... Biblical or Quranic God? I'm not asking for a verse.

Offpoint1:
Which of the "God" precisely? The Quranic, Biblical or the Creator?

HopeUzodinma:
1263.

The dollar don start to rise again. Heading straight to 2160.

Hafeez5000:
I'm developing a missile to sell to Nigerian military but people are advising to stop because the missile will be used to kill people

labake1:
You will say that you are looking for a man that don't smoke, drink and womanized. I was told that it is hard to get all in one person.
If he doesn't smoke, he will be a drunkard.
If he doesn't drinks, he will be into hard drugs.
If he doesn't drinks and smoke, he will be a womanizer.
If he doesn't drinks, smoke and womanized, he will be into gambling.

Paraman:
see comment Lol

Paraman:
Inflation will start falling in may

alanto:
Anytime there's a report about improvement in economy activities, obidients gets apprehensive.

Dollar dropped, they got mad.
Dangote Refinery start working, they got really mad.
Dangote dropped price of diesel and they lost it.

They are mad because this would mean that Tinubu is doing well as a president and it will be bad for the obidients agenda.

Why can't we think Nigeria first... We still have about 3 years before the next election.

While you campaign for people to fly Air Peace. Wish Dangote well too... ✌️

fergie001:
SOURCE

Sylvester Oromoni's father rejects judgement [/u]This took a thousand years to come out.


[u]The family lawyer, Femi Falana SAN reacts



SOURCE


PREVIOUS THREADS:
https://www.nairaland.com/6987489/sylvester-oromoni-father-admits-home#110241876

https://www.nairaland.com/6879750/how-sylvester-oromoni-tortured-before#108186301

https://www.nairaland.com/6929770/sylvester-oromoni-wont-bury-son#109186334

https://www.nairaland.com/6878947/sylvester-oromoni-video-dowen-college/4#108184108

https://www.nairaland.com/6880721/sylvester-oromoni-told-describe-sisters#108206526

https://www.nairaland.com/6983941/how-sylvester-oromoni-died-inside#110176261

https://www.nairaland.com/6882322/schoolmate-sylvester-oromoni-reveals-how#108246641

doggedfighter:
Thankfully a Nigerian woman didn't kill him.


Can bullets penetrate those muscles?



He's' team foreign girls '

Rest well our brother !

franchasofficia:
That has been the fate of Igbos since the end of the civil war in 1970.


Dr Alex Ekwueme, the first civilian vice president in Nigeria was about to become President after Shagari's tenure in which Shagari confessed that his vice Ekwueme was an excellent man that would succeed him, but as usual, the Northern military boys who played role in the 1966 counter coup that swore that it's better a mad man rules Nigeria than for an excellent Igbo man to emerge Nigeria's President truncated Dr Alex Ekwueme's clear chance of emerging President through Maj. Buhari's led coup.


They did same to Peter Obi after he won the election before everybody's eyes yet they will be foolishly praying for Nigeria to become a great country and expect everybody to be patriotic despite being leaders of unpatriotism, division and nepotism in Nigeria.

Na here we de observe una sha.


RIP Dr Onu, history will remember you for good




My reply to an online cretin below
Online cretin.


During APC Presidential Primaries in Abuja in 2022, Dr Ogbonnaya Onu stood before the whole world on live broadcast; President Buhari was there, Tinubu your god was there, Prof Osinbajo was there, Rotimi Amaechi was there, Adam's Oshiomhole was there, Bisi Akande was there, and all the known and unknown APC chieftains were there, before them all, Dr Ogbonnaya Onu reminded them how APC was formed and how he Dr Ogbonnaya Onu used his own money to register APC as a party, none of them disputed him there or went to media to dispute him after the Primaries, but here is an unknown online hungry boy famzing his tribesmen in an empty stomach, talking nonsense about things he know nothing about.


That is how your Yoruba fathers have been lying to you about Omo Igbo from birth, feeding you young hateful Yorubas with lies just to make you hate Igbos and live in perpetual fear of the great Igbo people, continue, na so your forefather and father did and ended up peasant poverty ridden cocoa farmers who lived and died in Ikirun cocoa farm

Penguin2:
Tor

Ogbonnaya Onu is a classical example that no Igbo man will get anything from this people by remaining in servitude to them.

When they make those stupid assertions like “if Igbos want power they must align with the center…they have to vote APC”, I just laugh. Because what they are doing is asking you to come and become their next useful idiot.

Onu has been with these guys since 1999. He never defected. His closest friends and allies were northerners but what did he gain at the end? Tears!

I saw him crying like an infant suckling his mother’s breast during the APC convention and I couldn’t help but cringe. Nobody acted like he existed. When he was done wailing, he left the stage in shame.

Orji Uzor Kalu who has equally been slaving for them since 1999 equally ended in tears when he was crying like a little child they took her biscuit at the floor of the National Assembly.

Rochas Okorocha nko? They humiliated him until he respected himself and went and hid in shame. Despite his servitude to them, they sent EFCC to go and remove his zinc and capture and humiliate him like a common criminal.

Umahi is on same trajectory and I can already predict how it will end for him - in tears.

And I see a lot of people who claim to be Igbos fooling themselves here in the name supporting APC; toeing the same foolish path of the fools before them and I always laugh at them.

Igbos will never gain anything being of servitude to this people.

If you don’t learn from history, you will just end up as just another historical specimen.

richie240:
Good news!
God bless Nigeria and Nigerians!


You better change the dollazz u are hugging like teddy bear to naira now to avoid stories that touch.
Nor say I nor warn you o.

KillIgbohoN0W:
The bodies were found intact because it didn't happen in the South West.

Vello:
From your moniker, I see you can very well relate with those mad dogs I'm talking about. However, I refer more to across the Niger than beyond the Sahara.
Sorry but, I'm not sorry

Christlike01:
As expected,those who wake their fathers up with a kick to the buttocks in their villages don't see anything wrong with this highly sacrilegious act! I'm very sure,that young man is from the Dot-in-a-circle land of primitive hinterland bushmen!

If that old Baba has a "Malu" in his pocket,the young idiot is as good as dead! It's just a matter of days for him to kick the bucket! Most elderly Yoruba men carry "Malu" around in their pockets;you hit them,you die!

placeofallure:
I'm disturbed by this comment and even more disturbed by the ignoramuses who pressed "like". You will all get your comeuppance.

Àìbọ̀wọ̀ f'ágbà ni o jẹ k'ayé guń.

Sleekfingers:
This is how some people dey run mad......

I went to a burial in ikorodu . That was how a young man insulted an elderly man . The man just said, make he dey pick things on the road,
I laughed tire. Na people attending the party begged on his behalf. If not , the elderly man has vowed that , naso the guy go enter market.. the guy has already picking things from dirty gutter .

SonofElElyonRet:
This gen z is totally lacking in respect and active curse magnets... so quick to disrespect those far older than them..

YourFada2:
I’ve been in such situation before and I can tell you for free that it’s not easy….. You don’t know me from Adam and you starting to rain curses on my family members…. OMO if you like be Tinubu age.. I’ll disrespect you and do much more!!!!

Vello:
Only a mad dog from a particular region would do a thing like this. No respect, no integrity and definitely, honour is lost to them.

Animals that only belongs to the cage

neyopompin2023:
I'm sure if it was a woman that was slapped we will all condemn it no matter the provocation, so why are we not condemning slapping and old man, it clearly shows the man is weaker cos of his age, I'm sure, pls don't let our fists run faster than our brains, any form of assault is wrong especially to weaker people.

Semaj77:
Even in the Western world they respect their elders and you're here trying to justify not respecting elders , shame on you and your ilks.