IconicR:
Just give me my accolades without being selfish.

Ignore my comments on politics and romance section

I'm the real me on family section

What accolades? I only gave a nice compliment & you don't deserve my accolade yet.

So on politics and romance section, you are just R without Iconic , right? Now I see 🤔

How can I remove the Yoke from an egg and call it a full egg just because the albumen is bitter to some people and sweet to some?

TemplarLandry:
Just as expected, the show of fake love starts.
How many of you people ever acknowledged any of his songs when he was alive?

When he was still alive, how many of y'all posted any of his projects on your cyber space?

If you want everyone to “love” you, just D ai ee.

Only Rexxie and Bella Shmurda were his true friends in the industry.

True talk 💯💯

Mustiboy:
Those ones saying nobody stood by him when he was alive but are posting RIP now are just mad people.

What do you want people to do? Monitor his life 24/7 cause they don't have a life of their own? He's wealthy, was an adult, and should be able to tend to himself.

Moreover RIP is just paying a last respect; doesn't mean anyone is chasing clout with it.


I'm sure everyone is devastated about his death, even his ex boss, Naira Marley. These people blasting others for grieving on social media over his death are just hypocrites.


RIP, Imole.

You just showed your stupidity with this post.

IconicR:
Humans only care for you when you are no more
From the videos I watched on gistlover he has been crying for help and no one helped him
The same people who ignored him are now mourning him
Naturally humans are not interested in your pains but your gains
So many gist surrounding his death already.

This is the first time I have read something reasonable you commented.

I wish I could like this 100x

Desperados:
Lovely Afternoon to explore your E-sm..

Have you gotten your E-sim?

Lovenorth:

Disasters have been happening in Africa like anywhere, it has nothing to do with Jesus or not Jesus

If you think disasters have been happening in Africa just like Asia or Europe or America? Then you need ur brain checked.

- When last did a Hurricane happen in Africa?
- when last did a wild fire happen in Africa?
- when last did mass shooting in school happened in Africa?
- when last did wild disease breakout in Africa?

Covid started from outside Africa before it entered.
Even the earthquake that just happened in Morocco doesn't have as much casualties as the one that happened in Turkey/Syria few months ago.

So try to tink well before comment and not just for commenting sake.

Lovely Afternoon to explore your E-sm..

All you guys still arguing Ronaldo & Messi like majority above me are just been foolish and childish.

Always quarrelling over 2 stars who don't know you.

I pray you all receive Sense.

Keep the order and enquiries coming.... We appreciate you all ! 🙏

Lovenorth:

There are natural disasters everywhere not only in Africa, natural disasters have been happening long before Jesus was born and it would not stop after people killed him

But how many times have you heard it happen in Africa in the last 15 years and how frequent?

Read what he said again slowly so you understand better before you speak.

BloomingDale:


Did I tell you I was an atheist? So not following any religion automatically means you are an atheist?

Go back and read what I wrote word by word until you understand and then come back to reply me though I won't waste my time answering you.

author=BloomingDale post=125734235]

Don't argue or curse what you don't know. If you are an atheist or you don't believe in anything about Christianity, just close your mouth and keep out.

Atheists are one of the problems we have in this country.

Contact yours to get one now....

norblinks:
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Send me a DM.

I will give you the Tutorial to create it and get verified for free including how to a link a VCC card they will accept and you can use for payments.

I don't need a dime from you.

081_684_39_772.

Desperados:


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GlobaltecheduEx:

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I'm in

Lol you can as well take it to the bank and deposit it in your account.

Desperados:
Hello Guys

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Numbers always available...

wittywriter:



Hello did you succeed in sending the funds to ghana?


Wittyness

I don't mean any harm but why have you been bringing up old topics and threads recently?

Or do you plan to learn something from them?

FG, CBN, NNPCL: Playing forex wayo game


BUSINESS
August 28, 2023




Naira appreciates as NNPCL boosts forex supply with $3bn loan.

VANGUARD, August 17, 2023.


Every government is run by liars; nothing they say should be believed.

I.F Stone, 1907-1989, VANGUARD BOOK OF QUOTATIONS, VBQ p 80.

On August 15, the exchange rate was tending towards N980/US$. Mid-day, it was announced that the CBN would take steps to curb speculation. That threw forex speculators, not economists, into a panic. By the next morning, the exchange rate on Broad Street dropped to N760-790/US$. One associate who had wanted to change some dollars asked me what to do, sell or not? He was afraid that with such a sudden decline the rates might fall further. I told him to hold his dollars. He asked me why? I told him not to believe the Central Bank of Nigeria and the FG; because, nothing among the variables influencing exchange rates indicates that the CBN or government had the dollar inflow to affect the rates positively.

I developed my own model for predicting the direction of exchange rates since the 1980s; and only once, when the US-Iraq first war in the 1990s produced a crude oil bonanza, had my forecasts for any year been wrong. But, that was because the conflict occurred suddenly and ended as quickly, giving no time to calculate its economic impacts accurately. Something told me that the FG and CBN were just bluffing. Those who panicked and sold large quantities of dollars were stupid. Of that, I was absolutely convinced.


NNPCL INTERVENTION: FAILED GIMMICK

A fool is born every minute. P.T Barnum, 1810-1891. US Showman
P.T Barnum, was a showman, who two centuries ago was famous for promoting hoaxes, to fool unwary citizens. He absolutely believed that there are more fools in any society than wise people. He profited immensely from that belief. Nigerian governments since 1960 have been treating fellow citizens the same way. They repeat the same old tricks; each and every time they are overwhelmed by events beyond their control and for which they have no credible solutions.

Mid-day August 16, the cause of all the tempests in a tea cup became clear. The Nigerian National Petroleum Company Limited, NNPCL, had secured a $3 billion loan from the Afrexim Bank aimed at stabilising the exchange rate. Was this a joke? It was not funny. Certainly, the FG and CBN were the ones panicking; and they have infected the market with the symptoms of their disease.

Instead of admitting that the FG and CBN have no clue regarding how to stop further depreciation of the naira, they introduced a tried-and-failed gimmick. The CBN first announced steps to be taken to make speculators pay a heavy price. Some people reacted as expected, the naira appreciated for a few hours. But, soon, the trend was reversed and the steady depreciation continued.

The CBN announcement and the sudden intervention approach were tried twice under Emefiele. The First time was when the exchange rate raced to N400/US$1 while the official rate was N250/US$1. The second was when the parallel market rate crossed N700/US$1. The CBN had bluffed on each occasion, the rates came down temporarily. But, on each occasion, those who sought my advice have been told to ignore CBN; to wait and see. They have seen the rates go up more every time. Nothing confirms my position better than what happened after it was disclosed that a mere $3 billion loan was secured by the NNPCL to stabilise the rates. By evening time, the rates were back up to N880/US$.

Meanwhile, the Bureau De Change operators who were being harassed illegally I might add by the CBN, were being forced to promise that dollars will no longer exchange for N900.

As our people say in pidgin English corny man die; corny man bury am. The BDCs know too well that they exercise very little control over market-determined exchange rates. The interplay of supply and demand will decide where the rates are headed. There is very little they can do about it. The FG is just using the BDCS as whipping boys in order to deceive the ignorant public that they were taking measures to reduce exchange rates.

WHY $3 BILLION WILL NOT SOLVE THE PROBLEM

O! What a tangled web we weave/When first, we practice to deceive.

Sir Walter Scott,1771-1832. VBQ p 35.

Deceit number one: The NNPCL is not the organisation charged with stabilising the exchange rate. The CBN is the entity. The Group Managing Director of the NNPCL could not have gone to Afrexim Bank requesting for a loan of $3 billion to be used to stabilise the naira. The man would have been thrown out of Afrexim Bank or they might have called for an ambulance to come and remove a deranged man. The $3 billion was certainly not meant to stabilise the naira.

Too little and too late would have been a charitable description of the $3 billion intervention if those advertising it as a measure had been honest about it. But, they are not. The FG, CBN and NNPCL know very well that $3 billion is like a drop in the bucket compared to our real needs and the amount which can permanently stabilise the naira.

Foreign airlines, manufacturers, banks, parents, etc, will be needing foreign exchange in excess of $200 billion in the next three to six months. The $3 billion, if placed in the open market would have disappeared in less than one hour. As it turned out, the inflow was not even meant for the market. The loan was obtained for a private purpose.

Finally, NNPCL will in the future, after the $3 billion had been spent, have to repay Afrexim Bank $3+i billion dollars in the future; i being the interest on the loan. Clearly, all they have achieved was a minor shift in the trends which cannot last. NNPCL will need more dollars to repay the loan ultimately.

THE REAL PROBLEM REMAINS UNSOLVED

It is a matter of cash. That was the name given to one of the most popular television programmes of the 1970s. Nigeria’s exchange rate problem is also a matter of money; specifically, it is a matter of earning sufficient dollar revenue to fund our needs for foreign exchange. The Tinubu government has concentrated on sharing the cake, bringing more free-loaders, called Ministers, into the national payroll than in earning revenue to pay our bills.

Crude oil production, export and sales still constitute our largest source of dollar revenue. From June to August 2023, crude production, on the average has plummeted to the lowest volume in more than nine years. Granted, the price of crude has gone up a bit, but, Nigeria’s loss of production has made it impossible for the country to take advantage of higher crude oil prices. Meanwhile, higher crude oil prices result in increased fuel prices. Nigeria pays more to import fuel than we earn from crude export. As long as that situation continues, no amount of shock therapy like the dubious $3 billion infusion will stabilise the naira.

A significant amount of foreign exchange revenue is also earned by some parastatals NPA, NCC, FAN, CBN, Customs, Immigration, EFCC, NDLEA etc as well as Ministries. I am certain the FG can earn about 15 per cent more revenue by adopting a simple practical approach. Otherwise naira stabilisation will continue to elude us.

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Bro this book is everywhere online. I have downloaded it times without number whenever i lost it.

It seems you just want to play ignorant or make a fool of yourself online cos i can see some people advicing you which you rebuffed.

Or do you think nairaland members and guests are cheap fools to fall for this?

Desperados:
Good Afternoon,
we are still buying

Still taking orders..

Desperados:
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