₦airaland Forum

PressMyButton:
Bro, drop the weed. CBN does not speculate of any kind or fishing for any rates, CBN's rates are determined by trading activities at the foreign exchange market.

i insist on the speculation by cbn.

PressMyButton:
CBN does not speculate, they sell to BDC based off on trading at the official foreign exchange market.

they are doing reverse speculation and fishing for the lowest sustainable rates they can sell.

The question is will CBN's own be that cheap?
If they the fear of CBN selling below N1000 is real enough, then black market can actually be below N1000 as hoarders try to minimize loss and remitters try to maximize what they sell for.
The speculation is both ways.

maybe the conditions are too harsh for the youths around them.

too many scammers online.

... corrupt officers deserve no justice.

This man is the northern Obi.

Whoever fed these Fulani the bullshît that it is North versus South is to blame for this. See what entitlement mentality has triggered.

Namaster:
Pay a criminal money in a sane country and you'll be charged with aiding and abetting and thrown in jail. Pay a criminal in Nigeria, you'll be celeberated for being smart and invited to symposiums.

dead men don't go to jail. I better pay a criminal and explain myself. Even govt pays criminals to have student released.

tollyboy5:
The manufacturing sector too are not very honest.
Since the rise in naira most of the manufacturered product that hardly need foreign raw material still maintained their exorbitant prices.
Dangote bought his crude oil from usa when dollar was high. And now the pump price of imported diesel is at ₦1250 base on the exchange rate. You won't expect dangote to loose.
Let him sell off what he has now, the more naira gain more strength the lesser the price of diesel because dangote cannot sell above imported market price.

Better days ahead.

The prices are controlled by distributors.

grandstar:
How will you call someone a "urine dispenser." For your info, he only pretended to be one to win the support of those who wished he'd only serve a term in office, believing he did not have long to live.

sincr you know him privately, tell him to improve the system.

nnewsnjobs:
There is actually deceleration on point on point rate of increase. February to March is 1.5%, while January to February was 1.8%. I believe March to April point on point deceleration will be below 1.5%.

There is actually a little progress but much work is still needed. I believe much effect will come in May, that is if they are able to maintain the current momentum, not allowing binance and other currency speculators to take the steering from them one more time.

the deceleration is down to use of disposable income for farm input.

olaniyilukman:
Mumu, you are not brainwashed and you believe supertale story of how Moses use handstick to split red sea...

king of mumu has spoken. his royal highness.

Entrepreneur that will produce tissue paper or liquid soap then use political connection to sell it for 10 times the price.

Bluntemperor:
You dey play ni,?
Can you show Nigerians,which Party is a Sant in stealing our Common Wealth in Nigeria?
Or you are still suffering from election loss by your Party!

so you joined one and stole too. Congrats.

After slamming heads on empty stomach, what else should the world expect from these brainwashed folks?

APC is a den of reckless thieves like the party they displaced.

When is port Harcourt refinery coming on stream?
Those NNPC dude should be flogged with mature sugarcane stick.

We are approaching planting season when people will invest their disposable income with the hope of making profit or having food. That will slow down demand for imported goods and further the strengthening process of the Naira.

The tribes are just confusion units.

There are public IPs that are unique and there are private range of IP adresses that share few public ones within every ISP and internet linked network. There has to be a collabo between the ISP and Webhost to nail you. It is possible but not usually very easy. For Nairaland's case, it is much easier. We all know who calls the shot and where he probably frequents.

Zombie republic, at least we know the actual voters are zombies and controlled by these elders.

Wow. He was dead wrong but had good reasons to doubt her.

Between 2020 and now, food prices have jumped by as much as 350% yet income has barely increased for most of people.
For the first timers among us, What are you planting and how big are you doing it to support yourselves?

That can be a 2024 stunt written on old note.

Lol. Fear Nigerians.

nairalanda1:
Well, for the Nigerian situation, we have a lot to do before we have 24 hour power supply, therefore electricity is not cheap.

Sad, but true. And things don't respect your wallet.

to hell with that 24hr power supply. People need only between 12-18hr a day for productive uses.

Wicked. He was driving with his mind impaired.

nairalanda1:
Well, let's put politics aside. And for the record, my comment is not attacking any politican. Not everything is politics.

The problem with our power sector is that it is underfunded, due to something called price controls and subsides. And whoever wants improvement in power supply must either allow cost reflective tarrifs for all, and remove subsides, or forget about good power supply

See, people are greedy. We don't have sane investors because under the current arrangement, they won't make a profit. We've already had three disco investors pull out because of the fact they cannot make a profit under the arrangement.

So, we can have obi, we can have tinubu, we can have atiku...if none of them is willing to let the power sector charge cost reflective tarrifs, we will have no power.

That is my point. If you cannot see it, sorry. Not everything is politics. We have lied to ourselves since 1960 that there is something like cheap electricity.

Oga there is cheap electricity and it is a pity you so disconnected from reality to this extent.

The problem is greed from like-minded folks as yourself.
Simple arithmetic and some basic elementary science calculation tells us a solar panel array of 1000w that cost less than N300,000 can give you average 5-6 kwhr a day. Now gas generated power is a cheaper alternative that improves with scale of economy.
The problem with folks like you is anything that isn't sold as a commodity that a common man can easily ascertain it's price or value, get inflated and imposed on the helpless masses. That's greed and evil.

Nigerians don't have the buying power to match other countries with stronger economy. power is one of the public infrastructure that must be delivered cost effectively to the masses in order to for Nigerians economy to stand a chance. And I don't mean power for leisurely use but productive things.

Imagine that. Same period buhari was printing cash and borrowing like a possessed being.

They should be hanged.

helinues:


How would they sell their stocked pile ammunitions if there are no war

The world leaders are not interested in peace, that's why they keep on producing more weapons of destruction

Usa and their allies are people that when you need to deal with them, it's important to use your head, very very important.

Imagine how they misled both Israel and Ukraine into senseless war, both countries are now struggling financially as their reserves have been used to buy weapons from same US and their allies .

keep shut. Who produced & sold the 300 missile Iran fired?