webincomeplus:

So, banks now print money at will? I wonder why you people feel free to embarrass yourself in an attempt to appear enlightened.

He's talking about CBN
and he's 100% correct

Wage increment as a result of higher cost of goods and services is nothing but additional fuel for the inflation.

Many are mad, few are roaming

Fools and their wallets part ways when they try to replace due diligence with gung ho investments

What time?

anyone who has 20 million dollars of investment either in equity or debt should be wise enough to have insurance

if you're worth your salt in agriculture, you should know the risks that come with it

While you're at it, perhaps I should send my daughter to please you sir?

Clowns in a circus show called Nigeria

Schizophrenic president

A country of more than 300 million people, split along ethno-religious lines, where the social, financial and academical illiterates and bigots decide the leadership and system of governance of the country.

Education is the key. Not just academical education.

It's not that the system isn't working .
It's perfectly working, as they intended.

iwaeda:


I am lost

The price of fares of the safest means of transport currently retails above minimum monthly wage.
For this yultide season, the price of tickets are more or less 55k.

If the security bubble around air transportation in Nigeria pops, perhaps the middle and high class can have a rethink of the axiom; water eventually reaches its level

Earlier today, a thread titled Meet Nigerian Heroes That Fought Gallantly To Give Us Peace During The Civil War was moved to front page by the mods


Enjoy the piss

The politicians that have turned their dreams into illusions, have they burnt any ?

The CBN is one of the highest perpetuators of economic and financial crimes in this country shithole

10,000 is currently less than 18 dollars and this is the maximum a Nigerian ATM usually dispenses albeit unnecessary charges including ATM maintenance and co.

In several countries I've visited, only in Nigera have I found ATM not dispensing due to unavailability of cash or network issues, bank apps not working properly and pos dispense errors being the order of the day.

This country is worse than cursed.

Grgton:
Nigeria is a great country! Obviously not balanced without Igbos

Can you please list any great index about this country that positively impacts upon the life of the average Nigerian ?

The irony of the Nigerian constitution is that there's no provision for referendum

In a country where peace and unity is but a myth.

If the Igbos want out of the forced union , why not let them vote amongst themselves?

amuwo1980:

Nit here to measure dicks with u kid, I don’t need to visit any country to know about their systems and how it is ran , that’s what ur tertiary education is for ( you are clearly lacking in that department)
Gej ran Nigeria by building institutions and using competency as a bench mark for choosing his aides , he encouraged freedom of speech and was very sensitive to the masses.

It's no dick measuring contest jiji San.
Judging by what you think tertiary education is for, I would rather be uninformed than misinformed.
Please do not equate building non functional institutions and freedom of speech to being the qualities of a first world president.

Clearly you know nothing about the reality of first world presidents.

Evil prospers when good men do nothing.

GEJ never moved a needle in the following indexes of what makes a country first world

SECURITY
HEALTH CARE
ECONOMY
EDUCATION
INFRASTRUCTURES
POWER GENERATION
TRANSPARENCY AND ACCOUNTABILITY
CORRUPTION AND BRIBERY


Never mention GEJ and competency in the same sentence sir.

amuwo1980:

History and evidence on the ground do not support ur arguments , the party PDP was light years ahead of APC in everything and wud have managed Nigeria with more sincerity and competence which is clearly lacking here , If u ever ride ur mind of base bias , GEJ was in the class of a first world president , the greatest Nigerian president ever , the most patriotic .

You sound myopic when you say GEJ is in a class of first world presidents.


Sorry, can you list the first world countries you've visited?

This is a state whose ratio of internal generated revenue to federal government allocation is apparently nothing to write home about.

From a business perspective, this state should have declared chapter 7 bankruptcy and liquidated into the absyss of failure

But Nigeria is a country where the resources of few is regrettably shared and mismanaged by many

buckeyemedia:
Which Country in Africa is not a creation of the Europeans, please Mumu go and read about the partitioning of Africa 1884 in Berlin.

Ethopia

Carbonated drinks is the cause of diabetes?

Coming from a government of nepotism and mediocrisy, I'm not surprised

Una never see anything

Those who cannot remember the past are condemned to repeat

Just watch as the masses repeat this same mistake in 2023

OP, why didn't you reject the vaccination against polio, measles, chicken pox, small pox, mumps, rotavirus and a host of other diseases and infections?

When you procreate, I implore you to have none of your children vaccinated

Always calling the white man's science evil ways, but your religion produces nothing tangible to solve world problems

lastclaire4:


If you raise interest rates, it will move the prices of stocks and other risk free instrument up. When this happens we will experience more investors abroad coming in to invest because of the rate especially in risk free market. This will create inflows in dollars and put downward pressure on the dollar.

As it is now, operating an interest rate below 1% will not spur the economy, because that rate is probably what you get when you invest in developed nations. A rational investor will not bring in dollars to invest when the rate is same in his country. That 1% interest rate cannot compensate for the risk he is to take. For example I decide to invest as a foreign investor at 1% i bring in my dollars at 400 at the minimum and then when i am to move it back to my country, dollar is now say 450. It means I have lost interest of 1% and lost part of my capital on conversion.

I beg to disagree
Raising interest rates without solid fundamentals is useless

It's like trying to switch seats in a burning car.

If developed countries can raise interest rates to stimulate their stock market, I very much doubt it'll be effective for Nigeria

Also, sometimes, the stock market can be decoupled economic health of a nation as we're currently seeing with US and developed nations

Like it or not, we're all going to pay for these loans via taxes and treacherous inflation which is reduction in buying power.
This problem stems from past administration as well. The inefficiency and mismanagement of borrowed funds is one undefeated hydra in Nigeria.
How can you attract foreign investors when you can't encourage local production and distribution of goods and services across the country?

I wanted to list the common problems the average business owner faces in Nigeria but I'm too exhausted for the long list.

Baloranking:


You're daft, who has sex to expect 4kids at once

You're the daft one

The couple already knew the chances of having twins or triplets was on the cards

Someone who has never seen judgement day is telling you the truth about judgement day

Health experts, practitioners and workers are throwing their selves selflessly on the war front for humanity.

Whilst a few others are being told to pray to an imaginary figure for protection.

God created man

Man created God

Oga, the door nor dey open?

Baylam:
400 ebay gift card available

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How many people are wealthy in delta?
Excluding the politifcians?

Truthbites:
Guys reduce to #67 biko

Risk of doing business

They should take the loss