₦airaland Forum

The chicken on the bread nylon is laughing like Emilokan.

Anny69:
I'm sure the guy assaulted her first and there are women out there that you shouldn't dare raise your hands against because you'll end up being hurt. Abeg leave the girl alone, the man didn't sha die.

Do you wish the same for your brother?

Jennyclay:
It’s so glaring it was a self defense because being in a heated argument with a Nigerian man is very dangerous

They are all violent in nature, they are quick to raise their filthy hands or carry cutlass to butcher someone’s daughter

Bunch of woman butchers!!
Evil men!!

Do you really have a father, you this girl?

successmatters:
Pegging everything in a capitalist economy is just plain old rubbish. But who is surprised? When people who learnt how to cut and mix quantities of 'coke' are trying their lucks on an economy, it will be like when a quack roadside mechanic is doing an open heart surgery on a live human patient.

When naira was floated, what happened? Is Nigeria an export based country?

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.

Very detailed analysis. You hit the nail firmly

It shall not be well with this useless man

BluntCrazeMan:
You now see the type of people we have here on Nairaland?

Even as you showed the answer, they still continued to jump around with the wrong answer.

Lol my brother. I see am. No be only here.. Nigerians are funny people, we like learning the hard way

MrJames007:
Drop the correct answer to this, no just post am.

Posted already. Check page 6

yewit37486:
Yay! I got it

👍

ImoleNaija:
I don gree.

Na 24

👍

NPFLADMIN:
4
The whole thing and the first 3.

Modified: I think it's 24.

Thumbs-up

unclemaths:
It is exacly 25 triangles. There are four levels (bases) each having 6 variations:
1 big triangle, 2 medium triangles and 3 small ones.
4 x 6 = 24
Add this to the big overall picture and you get 25 triangles.

Answer to the question everyone

akwesenana:
7.

Unfortunately, many people don't know what a 'triangle' is.

Lol are you sure?

Final answer

Kudos to all who answered 24. There are brilliant minds on this forum

Are you ready to challenge your brain and put your visual skills to the ultimate test? We bring to you a mind-boggling puzzle that only the highly genius people can solve this accurately.

Copied!

Cc: mynd44

Eating this with ewa goyin and hot beverage tea in a cool morning will reset your brain to factory mode.

mightyhaze:


Them suppose organise village square wrestling match between you and nwaamaikpe

That match go be die.

Who knows if they are the same person😉

Zonefree:
Seems you're dating an oracle



Please add "Graphics" for headline.

What is wrong with eba, okro, soup and Titus fish

PoliteActivist:
*Politeness*
It will bring in people and investments.
Don't you see US always accusing China of intentionally devaluing their currency?
Example, if Togo devalues their currency you'd be going there to buy stuff and vacations, but if they inflate their currency you won't go

China is an industrialised and export based economy

Such policy is backfiring in Nigeria because it is an import based economy with almost zero infrastructure and other amenities

Canada o! Cana! Canada o! Cana.......

tuzle:
Copa too is played every four years, but the 3 bug boys win it most times.

Is it 3 or 4 years?

Euro - it is played every 4 years sef like world cup

Most of the best players in the world play and are citizens of europe

Hmmm. I hope his health can take it

Her lyrics is better than our Nigerian noise makers. Our musicians need good song writers to compose songs for them and watch us clinch more important nominations and awards in grammy genre category.

If she had been nominated along with tems, she couldn't have stood any chance.

Mynd44 push this to FP

Namaster:
This thread is full of dumb people with good intentions.

First of all, consider the case of Innoson. Innoson was established in 2007 and its SUVs go for 22-32 million Naira.

In contrast, Toyota has been around since 1937. And you can get a Toyota Highlander 2008 at 12 million Naira.

That's half the price of Innoson's plus you get a trusted vehicle that ANY mechanic can fix.

ALSO, Innoson is a vehicle assembling company. It makes NOTHING. It brings in vehicles in pieces then assembled them and puts its logo on it. It's an IMPORT-DEPENDENT company like the rest of them.

Buying from Innoson does next to NOTHING for the Naira. So it makes NO economic sense to pay MORE for a vehicle that you're scared to take to most mechanics because of "patriotism".


NEXT is the issue of price. Nigerian manufacturers want to charge the same price as imported goods. That's INSANE when you consider the fact that most imported goods literally travelled across an OCEAN to get to Nigeria.

Yet, one manufacturer in Aba wants to charge as much for his goods as imported ones.

Nigeria has a population that is extremely PRICE-SENSITIVE. Fix a reasonable price for your goods as a local producer and see how you'll get rushed.

Finally, QUALITY is everything. Don't get me wrong here. Nigerians will compromise on quality in a heartbeat if the price justifies it. In fact, they'll compromise on quality EVEN if the price doesn't justify it. But ONLY to an extent.

But Nigerian producers will flood the market with shitty products at EXORBITANT prices. Then turn around to bitch about it when consumers choose quality foreign products at prices that can be justified.

For instance, consider the case of biscuits that someone mentioned.

Basic formula for Nigerian Biscuits = 1 part flour + 10,000 parts SUGAR + 3 parts ARTIFICIAL flavour

It's inedible! A supermarket that sticks them is begging to go bankrupt.

Key problem facing Nigerian producers is they offer EXTREMELY LOW quality goods at EXTREMELY HIGH prices.

There's a lot to be said on this issue but I'll stop here.

This is a well articulated comment sir.

To add, another example was the case of importation ban on foreign rice. Unfortunately, the price of local rice was competing with smuggled foreign rice and the quality is so poor in terms of taste and serious unwanted particles that is dangerous to health.

One thing I noticed is that Nigerians are very greedy and corrupt people such that at every situation, people explore it for their personal gains.

Coolestguy2023:
That is what they want you to believe. You can remain delusional and that's not a problem

Just leave that boy alone. He knows nothing about war tactics. By the way, getting practice and realising mistake is better than in war front and committed same mistake that will result to annihilation of an army division

Adesina18111:
All this japa syndrome self...#5M is enough to build a business in Nigeria and you won't be poor again if you manage it well...if actually you worked for the #5M yourself then I see no reason why you can't make it in Nigeria...

You can buy 2 Nigerian used cars around #2M each...stock house with food of at least 2 months....hire someone as a driver for bolt and you can drive the other one and save ur profit on a daily basis...be dedicated and determined...in 6 months...you should have a testimony

Don't be brainwashed that there is profit in e-hailing service. Cost of fuel, spare parts and normal maintenance has hit the roof. Only profit made from this business is just to sustain your basic needs.

eepeepook:
Those eyes aren’t white.

Is she a local girl? Abi she no be foreigner again

No gree for anybody. Hash tag CIV tonight. They played as if they must die today

Omo their pressing paid off oooh!

Let's be Frank, COV deserve the goal. Their high pressing no be here

Mad ooo! Penalty to CIV