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Nairaland Forum / Didymario7's Profile / Didymario7's Posts
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Politics / Re: Osun Youths Protest High Cost Of Living by didymario7(m): 8:22pm On Feb 09 |
Godstiger: No PDP won Osun State. 1 Like |
Business / Re: Can't Send Dollars To Nigeria Any More by didymario7(m): 6:42pm On Feb 09 |
armadeo: This exactly why the black market exists! |
Business / Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by didymario7(m): 6:34pm On Feb 09 |
drlateef: Lol. You will understand very soon. |
Business / Re: Banks Dollar Sale Falls As Naira Weakens To 1,479/Dollar by didymario7(m): 6:06pm On Feb 09 |
treesun: Through which channel? |
Business / Re: Can't Send Dollars To Nigeria Any More by didymario7(m): 5:59pm On Feb 09 |
GeneralDae: They don't have Politicians who bribe delegates in huge amounts of USD during party primaries, their public officials are treated in their own hospital, they don't subsidize religious travels to Jerusalem and Mecca, their citizens largely attend their local schools, they dont spray USD when they attend parties. You can see where I am going with this right? I can go on and on. Until the fundamentals are addressed, all this ban this, restrict that, will not work. |
Business / Re: Can't Send Dollars To Nigeria Any More by didymario7(m): 5:23pm On Feb 09 |
tollyboy5:Closely monitored and tracked?? I don't think you live in Nigeria. 1 Like |
Business / Re: Can't Send Dollars To Nigeria Any More by didymario7(m): 5:11pm On Feb 09 |
Annie2059: Unfortunately no. This is why the policy is not likely to make a difference. 1 Like |
Business / Re: Can't Send Dollars To Nigeria Any More by didymario7(m): 5:07pm On Feb 09 |
tollyboy5: You mean thesame importers who will transfer the cost to the poor masses who have no locally produced substitute? Dey play. |
Business / Re: Can't Send Dollars To Nigeria Any More by didymario7(m): 4:50pm On Feb 09 |
Coldspice: The black market and official rate will never be thesame. They will always be willing to offer more than the official rate. Use your head to think! |
Business / Re: Can't Send Dollars To Nigeria Any More by didymario7(m): 4:49pm On Feb 09 |
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Politics / Re: Tinubu Redefines Priorities, Goes Tough On Ministers’ Performance by didymario7(m): 1:37am On Feb 05 |
franchasofficia: Has nothing to do with luck. It is 100% self inflicted. The people largely deserve the leaders they get. 1 Like 1 Share |
Car Talk / Re: Demystifying CNG in Automobiles by didymario7(m): 2:15pm On Jan 17 |
GAZZUZZ: The picture you just painted is a best case scenario. There are a lot of loopholes but i will point out just one. Given the fact that refill stations in a city are very far from each other, using CNG exclusively every month for 12 months is not practical. |
Business / Re: Naira Falls To Record Low At I&E Window, Trades ₦993/$ by didymario7(m): 10:53am On Nov 03, 2023 |
9jatriot: There is no Country in the world that does not defend her currency during crisis. None! The problem is when the intervention is permanent (pegged), which is what cbn was doing or when the intervention is too frequent, people loose confidence. |
Business / Re: Naira Falls To Record Low At I&E Window, Trades ₦993/$ by didymario7(m): 10:07am On Nov 03, 2023 |
9jatriot: It is both good and bad. I will explain. It is good in the sense that it allows for transparent pricing of the currency and where there is transparency, we can determine the true value of the currencies. This boosts confidence especially that of potential foreign investors. On the flip side, allowing purely market forces to determine the price of your currency is dangerous in the sense that if the currency becomes too weak ( for a country that depends largely on import) it can lead to massive inflation and poverty. The best solution is to find a balance between the two. Most central banks in the world allow what is called partial or managed float. This means market forces will determine the price of the currency. However they set a baseline price that market price must stay above. If price goes below the baseline price they flood the market with dollars from their reserve until it goes back above the baseline. This practice is what is known as intervention. A good example is GBP/USD. Last year when Russian invaded Ukraine, It led to an increase in the price of energy in Europe and that weakened the GBP. When the weakness got to a point where the UK govt could not take it anymore, they intervened in the market. This propped up the value of the GBP. |
Business / Re: Naira Falls To Record Low At I&E Window, Trades ₦993/$ by didymario7(m): 4:51pm On Oct 31, 2023 |
skj1377: Closing the economy to uncessary importation will not work. They should place very high import duties on those product. |
Business / Re: Naira Falls To Record Low At I&E Window, Trades ₦993/$ by didymario7(m): 4:44pm On Oct 31, 2023 |
The problem remains supply. FG don't earn enough $$ that is the koko. If they had enough they don't need to sell at black market rate. All they need to do is flood the official channels with enough supply of $$ and those who resort to BDCs for the $$ would rather buy from FG. That way they starve the black market of buyers and if they can starve the black market of buyers, they can dictate the price of fx. 9jatriot: 1 Like |
Politics / Re: All Former Presidents Are Ethnic Leaders Except Obasanjo – Amaechi by didymario7(m): 2:09pm On Oct 27, 2023 |
Bede2u: Don't mind them. Jonathan is not even Igbo to begin with. Any Nigerian calling an Ajaw man Igbo just passed through school but school did not pass through him/her. 1 Like |
Business / Re: CBN To Intervene In Forex Market, Lifts Ban On 43 Items by didymario7(m): 11:51pm On Oct 12, 2023 |
oneclickng: Actually it will get worse. Reintroducing the 43 items without first addressing the supply side is a big mistake. |
Family / Re: How Do l Handle My Irresponsible Father!! by didymario7(m): 5:49pm On Oct 03, 2023 |
victooman:Dear victooman I will send you the 10k to complete her registration. Kindly let me know how I can reach you. Thanks |
Politics / Re: Omojuwa Under Fire For Praising Tinubu Over What He Condemned Jonathan For by didymario7(m): 3:33pm On Sep 24, 2023 |
The focus should be on how we can divide the country so every tribe can go their separate ways since it is obvious from inception that we judge everything through our tribal lenses. Let's stop deceiving ourselves, Nigeria can never be one. ivandragon: |
Politics / Re: Omojuwa Under Fire For Praising Tinubu Over What He Condemned Jonathan For by didymario7(m): 3:19pm On Sep 24, 2023 |
You cannot convince a Northern Muslim to vote Obi simply because they vote as a bloc based on the instructions of their Imam. Their imam will never agree to vote a Christian (an infidel) over a Muslim even if the Christian is a Saint and the Muslim is a devil. Know this and know peace. Kukutente23: |
Politics / Re: "Nigerians Take Too Much Rubbish From Politicians" — Sanusi Lamido by didymario7(m): 6:45pm On Aug 16, 2023 |
OkpaNsukkaisBae:It is absolutely ridiculous! A country that is said to be broke. |
Politics / Re: Tinubu Considering ‘Temporary Subsidy’ On Petrol by didymario7(m): 8:56pm On Aug 15, 2023 |
Tijani009: Yes but the problem is that we don't refine the crude in Nigeria. The imported refined product will go up when crude oil prices go up. 1 Like |
Politics / Re: Tinubu Considering ‘Temporary Subsidy’ On Petrol by didymario7(m): 8:41pm On Aug 15, 2023 |
Basicend: You are making sense. Charity must start from home. Any President who is saying we should endure without first addressing the current executive and legislative financial recklessness will fail woefully. The reforms must start at the top! |
Politics / Re: Subsidy: Labour Leaders Walk Out Of Aso Rock Meeting, Accuse FG Of Deceit by didymario7(m): 11:13pm On Jul 28, 2023 |
Sense will not kee you! Wisdom just full this your writeup. slawomir: 4 Likes 1 Share |
Politics / Re: Charge Sheet For Godwin Emefiele by didymario7(m): 7:35pm On Jul 15, 2023 |
budaatum: Na dss/sss not efcc. 1 Like 1 Share |
Politics / Re: Despite Huge Revenue, Lagos Local Councils Underperform, Worsen Residents’ Pains by didymario7(m): 1:28am On Jul 15, 2023 |
Like someone once said, we just have Nigeria, we don't have Nigerians. A fkkin divided nation |
Politics / Re: Despite Huge Revenue, Lagos Local Councils Underperform, Worsen Residents’ Pains by didymario7(m): 1:26am On Jul 15, 2023 |
asksafe:Thats Palm Avenue. I can attest to this. Yet one Buddah is saying Lagosians like it the way it is. Lol I don't know who made him the mouthpiece for all Lagosians and Yoruba. |
Politics / Re: Despite Huge Revenue, Lagos Local Councils Underperform, Worsen Residents’ Pains by didymario7(m): 1:15am On Jul 15, 2023 |
How do you intend to carry out the threat of stalking him on NL if you are not jobless? don't be daft. 'Yorubas and other Lagosians like the city as it is' When did you become the mouthpiece for all Yorubas and Lagosians living in Lagos? Once again, don't be daft! Buddha3: |
Politics / Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by didymario7(m): 11:47am On Jun 27, 2023 |
onuman: One Nigeria is not working. We are more divided today than ever. 1 Like |
Politics / Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by didymario7(m): 10:49am On Jun 27, 2023 |
onuman: I agree with you. In the next 30 years Nigeria will become Muslim dominated country. 1 Like |
Politics / Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by didymario7(m): 9:54am On Jun 27, 2023 |
ican2020: More players or less players will not make much difference if the exchange rate keeps climbing. We need to ramp up our non-oil exports to earn more $$ in order to start bringing the exchange rates down. That's the only way forward, we must export more. 2 Likes 1 Share |
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