₦airaland Forum

We no wan hear genocide oo when e set o… Iran better be ready to welcome the ants you brought home.

Goal Sakaaaa!!!

I don’t pity them at all. Na Reno and Asari people na, when they are tired, they know what to do.

Kingsnairaland:
Hg

Iran is the only nation that openly says Israel should not exist

That too bad to say
Russia is just managing Iran and the situation

Imagine if a Christian nation comes up to say mecca should not exist that too harsh or wrong to say

Russia is probably 80% Christians so most Muslims don't know without Israel our Bible will be a story without evidence

Instead of Iran to fight for Palestinians state they are busy fighting for Israel destruction which will never happen

You can see even Russia is not with them on that side no Christian will see Israel burn and not weep, and for your information putin calls Israel the holy land

If Iran wants nuke let them accept Israel to live and let live then just fight for things that can be possible.

What they don’t understand is that most Russians has Jewish heritage/root. If it comes to a war between Iran and Israel, Russia will simply look the other way and let Iran slug it out with Israel or they do what they know how to do best, money out of it by selling arms to both countries.

slimfit1:
Some people have destroyed this country for personal gain and their children won't benefit from it. Generating electricity for the whole country will create thousands of jobs. An ordinary monkey can figure that out. Sambo is one of the saboteur of electric generation. Jonathan lost me when he allowed his power minister to resign because Sambo told him to sack him.Sambo had and interest somewhere that we didn't know as usual. Whatever is working I will let somethings slide until I get my result then take action. Jonathan wanted to please Sambo.

Una go just dey talk anyhow. Were you there when Sambo told GEJ to sack Barth Nnaji? Barth Nnaji owns Geometric which was one of the bidders in the power privatisation process then and he was also the minister of power then. So to avoid conflict of interest, he quietly resigned to focus on his company.

This one no get problem

El Rufai will understand that he is a political nobody if he joins SDP, forget all this one he was hiding under APC and Buhari’s influence.

pquaver:
Have u heard the army statement? Let me help you.. No amount of propaganda, armtwisting, blackmailing and false narrative will stop the army from bring the perpetrators to book.. So you csn continue..

They can do whatever they like, I don’t give a shit

Any unbiased mind knows that the killing of soldiers is connected to oil bunkering and the soldiers are deeply involved in it. All these peacekeeping bullshit is for their zombies.

thesolutions:
So there are public schools in Abuja?
They must be in the outskirts of the city.

Who told you that? There are many of them in the heart of the city, Asokoro, Garki, Wuse, Gwarimpa, you name it.

What exactly did former FCT minister under Buhari do for 8 years?

Let them scrap the nonsense requirements of CoS job for graduates and watch their international students triple. Simple something.

When you tell them that the country is irredeemably gone and it’s all man for himself affairs, their zombie supporters with their mouths deep inside their ass will come here ranting. Make Una continue oo

Nonsense.

Jandminded:
Would Russia had invaded Ukraine if they had Nukes?

Why invade a country that didn't violate your country's territorial integrity?

Can Russia invade China assuming they decide to join NATO?

If it was Donbass region you wanted to help and secede, what took you to Kiev in the first place?

Ukraine should not gree for anybody, they have lost enough to just yield for free.

If Russia must win, let them win in a costly way.

will USA allow China or Russia to build a military base in Mexico, Cuba or even anywhere in Central America?

How will the country earn forex again? Because we are an import dependent country. How do this idiots we call leaders think? You don’t have common electricity and you want to flex with countries that has got their shits together? Try and fix the right things in place and every other thing will fall in place.

Okoroawusa:
They are back to giving us feedback on naira.

Animals like you don’t want the masses to know what it happening, keep on licking politicians nyash there. You better tell your idiotic idol to do what it right or else, they won’t know what hit them. Bunch of jokers.

I thought they say it’s crypto? Pursuing any while the elephant sits gallantly in the room.

You will never see government supporters here, they’ve all disappeared.

nairalanda1:
Looting is an issue, but overall we have a serious revenue shortage problem

That is why corruption should be taken seriously in Nigeria. It is not that they are not stealing but the kind of stealing they are doing is like taking 2000 from someone with 5000 naira in his account .

But right now, we are earning the kind of money that can sustain a nation of 1-5 million people. Not a nation of 220 million people.

Revenue is not our problem, our problem is mismanagement. Until we manage our resources effectively, even if we earn trillions of $$$, we will still have nothing to show for it.

nairalanda1:
Seriously, we don't have enough forex.

I could lie to myself, and say that we have tons of forex, but we don't. And a key sign that we don't have enough forex is 1) we have to take loans and more loans 2) naira has been on a steady fall since the 1970's.

At the end, Nigeria needs to be more productive. It goes without saying.

We keep taking loans because most of it are looted by politicians and none has been prosecuted for it. The question begging for answer is how do BDCs get their fx? Is it not through the bank they get their fx? So when the government are ready, they know what to do otherwise, let them keep running around chasing shadows.

Make una keep on lying to una self there. UK ban Binance? UK wey I dey abi another one? Binance is working fully in UK, US and many other countries on that list. The only exception is that not all services are offered in some countries like Futures, options, web3, p2p, etc. even in Nigeria, Binance works well, except p2p trade. Buying usdt is even very easy in Nigeria. There are tons of vendors buying/selling crypto in Nigeria, just buy from them and swap to usdt, easy pissy. As tough as China is on crypto, millions of people there are still trading daily.

nairalanda1:
Well, it won't solve the problem

We don't have enough forex. That is where the issue is. And that can be solved by exporting more , eventually by exporting more manufactured goods and services

That is the lie you guys keep on regurgitating every time, aren’t you guys tired of this bulshit ? Look, we have enough fx and that’s why you can easily get any amount you want from BDCs. So the question is how do BDCs get their fx if not from the same bank through CBN? Make Una keep deceiving una self there.

I thought they said it’s Binance? I’ve been saying it, banks executives in bed with BDCs and politicians with their cronies are the ones causing dollar scarcity and the earlier the authorities go after them, the better for them. If they like, they should keep chasing shadows.

kcprince:
Looking at the USDT/Naira 1 week chart , the naira seems to be retesting previous resistance of around 1200 to 1300. Usually after its test it will want to reclaim previous high . I really hope it doesn't go back to previous high but what I am saying is that we should not rejoice yet on the fall, it may just be a retest for a higher high.

if they want a stable forex, let them sell fx to banks and bdc at certain price and instruct them not to sell to customers above say 1% of buying price, with that, it will stabilise. That’s technically pegging but there is no other short term option.

Very easy, just buy other crypto like btc, eth, ltc, etc and convert to usdt unless they want to ban crypto entirely, they should just do so lets hear word. Pulling stats up their ass and chasing shadows as usual when the real culprits and stashing billions of dollars in their homes without doing anything to them.

horsepower102:
It is not rocket science.

Allow private companies to build embedded power plants and give them the power to distribute to specific localities. They can pay a small fee to the owners of the distribution regions like EEDC.

The monopoly of the current distribution companies makes it impossible to do what Barth Nnaji did for Abia state.

Why should they pay a fee to the distribution region? For power privatisation to be effective, investors should generate, transmit and distribute what they generate. All these discos are nothing but a bag of liabilities, owned by politicians and their cronies.

Dialpad:
SAD for shareholders

This should pave way for local companies to emerge, at least they won't be sending funds to any home office

Yet your government goes cap in hand begging for FDI.. Like government like supporters, clueless, arrogant, visionless, daft, corrupt, incompetent and gullible.

Celplas1010:
Is their no way we can drag Tinubu, CBN and Finance minister on Twitter concerning having a fixed rate of dollar to naira?

There official handles are on twitter.

Celplas1010:
Thank you my brother. These people don't understand how this things work. Have a fixed naira to dollar rate, within 1 week, dollar will be available. I think, is time we drag the finance minister, CBN governor and Tinubu on Twitter.

You’re welcome my brother. These guys knows what to do but they simply don’t want to do it, but prefer chasing the wind. What exactly is the contribution of BDCs to the country’s economy? Why do BDCs have forex and banks don’t? These are pertinent questions which the answers are obvious.

emkz:
These are just temporary measures and are bound to fail. The forex market in Nigeria is like a hydra-headed snake. Cut one head; as you face another head, the first head will grow back. Cut the damn neck! In other words, let the CBN address the root of the problem instead of pretending they don't know.

Since last week, dollars injected into the forex market are mopped up.

Who exactly are those mopping up the forex?

What economic activity is tied to the raid of the forex?

Ribadu claims the activities of speculators are responsible for the hike in dollar rates.

My question to Ribadu is: why are the speculators not afraid of the government?

For many years, bank MDs have been accused of buying forex from CBN and the forex goes into the black market through back channels, for example, there are vulturistic abokis sitting in banking halls trying to buy off dollars from customers.

Who regulates those abokis?

If the $10billion the vice president said would come into the system enters, it would be evacuated by the same speculators which would not solve the problem.

My observation is that CBN has lost complete control of the forex market and are being regulated by the BDCs and population instead of CBN being in control. All over the world, forex trading is heavily regulated by governments through central banks.

What I also observed is that the dollars are mopped up by those who don't need them but are keeping them for a profit. Therefore, let CBN take complete control of the forex market through the following measures:

(1) Deregister all unlicensed BDCs. That market is heavily unregulated and until they are faced squarely by the authorities, the practice of the naira dying will not stop.

(2) Stop selling dollars to commercial banks as it is clear that they have failed in meeting their obligations to customers with the dollars. People who approach the banks for PTA/BTA and school fees are directed to the BDCs. Why do BDCs have dollars and banks don't? Even with banks, some people still approach the CBN to transfer their school fees. Infact, it was found that the banks had $5billion in their vaults. How come no one has been punished when these same banks created artificial scarcity to push people to BDCs?

(3) All banks should be compelled to show a statement of how they used the dollars they received from the CBN from the last two years. At least it would give us some ideas of what disappeared through the black market.

(4) CBN needs to carry out a tsunami on the banking industry. Use some bank MDs known for the forex fraud as examples by dismissing them for breaking the law.

(5) Once all these measures are taken, the CBN must protect all forex coming into the country to ensure the problems we currently have are not iterated.

In summary, CBN needs to take drastic measures to regulate the market.

There are other measures that can be taken to get the dollars from those who have stored them. Whether the CBN would have the will is something else. The Nigerian forex market is like those who pirate music.

Kill the black market for forex.

Absolutely, kill the black market for forex, simple and short.

airsaylongcome:
I won't not go into the details of blocking SOCKS,PTPP and other tunneling protocols. Trust me, it can be done. And easily even. Na for NCC to direct telecos to block am. And it will be done in a heart beat. I work with VPNs everyday. I mean setup and manage them. So this is a topic I'm very conversant with

They haven’t done it because they simply can’t.