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Business / Re: CBN Raises Benchmark MPR By 200 Basis Points To 24.75% by Elliotwaveforec: 8:28pm On Mar 26
InvertedHammer:

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He used the prescription for asthma in Europe to try to cure cancer in Zimbabwe. In other words, he is using the textbook implementation (increase rate to mop excess liquidity) used by Western developed economies to fix Nigeria's voodoo economy. Comparatively Japan (the 4th largest economy in the world) just increased their monetary policy rate from negative to 0 - 0.1% and that's the first rate hike in 17 years. China's prime rate remains unchanged at 3.95%.

Perhaps someone can explain how a poor country trying to spur economic growth will increase her MPR to 24.75% Shylock rate. Nigerian economy is in coma and Cardoso is feeding it Sniper to quicken her death.

/
So, economic growth is the only macroeconomic challenge Nigeria has, right? What about inflation, price stability, etc.?

In this present economic situation, which of the challenges needs to be prioritised? Don't you think when the exchange rate is stable, there would be confidence in the economy and price would stabilise as the number one cause of inflation in Nigeria today is weak exchange rate? I hope you know it's not only monetary policy that can be used to spur growth? Fiscal policy is available too!

1 Like

Business / Re: CBN Raises Benchmark MPR By 200 Basis Points To 24.75% by Elliotwaveforec: 3:08pm On Mar 26
It's still low compared with inflation rate! Inflation is currently 28% and interest should be above that; we are still operating negative interest rate (real).

For me to buy government bonds, interest rate on the bonds must be higher than inflation rate for me to make profit.

CBN is on the right path with the increase, but not enough, it needs to be raised higher as inflation rate rises.

Good job CBN!

12 Likes

Politics / Re: No One Has Answered This Question About The Fulani by Elliotwaveforec: 8:14am On Mar 26
Fulanis should be sent back to Mauritania! They're troublemakers and terrorists using Islam to dominate others.

3 Likes

Politics / Re: Bloodbath As Hausa, Fulani Clash In Sokoto by Elliotwaveforec: 8:10pm On Mar 25
It's high time Hausas dealt with their minority oppressors! All Fulani Emirs should be removed and replaced with Hausas.

Hausas, wake up!

Yorubas having Gaas (Fulani settlements) around you, they will lay claim to that land in future, chase them away now!

3 Likes

Politics / Re: Young Fulani Bandits In Full Military Regalia And Armed With AK47 Riffle (video) by Elliotwaveforec: 12:23pm On Mar 25
Inspirer1:
When I see videos like this, I do feel for the soldiers they must have killed to get the uniform and guns
No soldier was killed! Soldiers are the bandits.

1 Like

Politics / Re: Young Fulani Bandits In Full Military Regalia And Armed With AK47 Riffle (video) by Elliotwaveforec: 11:44am On Mar 25
Fulani bandits armed by Buhari through the Nigeria's military.

Can an average Nigerian afford the guns they're carrying? They were given military uniforms by the Nigeria army ordered by the chief terrorist, Muhamadu Buhari.
Politics / Re: Obasanjo Visits Alex Otti In Abia, Hails Him On Pension Law Repeal by Elliotwaveforec: 4:15pm On Mar 23
See this cunning Igbo man visiting his son.

OBJ is Igbo meaning Yoruba man has never been president of Nigeria.
Business / Re: CBN Policies Paying Off as exchange rate (N1431/$) posts Best Gain in 6 Weeks by Elliotwaveforec: 9:40pm On Mar 22
4right:



CAPITAL BIG LIES!!!!

I deal with Economics data analysis.
The fall across the Board against almost all currencies been Pounds or Eur, it was due to what America FED (Just like CBN for Nigeria ,is FED for USA).
The FED decided to keep the National Interest Rate on Changed 5.5%.
Note: - CBN is trying but they are not responsible for this recent developments.
Kwayet! What do you know about fundamental analysis?

The UNCH by the Fed actually strengthened the Dollar! EURUSD GBPUSD, etc dropping currently; while NGNUSD is rising.

2 Likes 1 Share

Business / Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by Elliotwaveforec: 8:55pm On Mar 22
Nigerians flocking to okx and bybit, watch your back!

If you want to speculate on the global financial markets, go learn technical analysis and join regulated brokers; do away with crypto exchanges. You can even speculate on cryptos through brokers, along with Gold, Silver, palladium, indices, and currencies.

I know because of mental laziness, you wouldn't learn technical analysis but opt for less stressful spot trading - buy and relax like a retiree.

Come on, use your young brain and study charts to predict the direction of the markets and make money for yourself.

They don't want the hard work of studying charts but prefer the executive (lazy) style of trading.

67 Likes 7 Shares

Politics / Re: NDIG Tells Okuama Community To Desist From "Spreading Falsehood Against Okoloba" by Elliotwaveforec: 5:29pm On Mar 21
So you Ijaws called on the military to fight for you, right? Meaning, you Ijaws caused the death of soldiers killed.

Why should the military take sides in a communal conflict? Are the two communities not Nigerians?

12 Likes

Politics / Re: Alleged True Account Of What Happened During Okuoma Killings (video/pictures) by Elliotwaveforec: 11:22am On Mar 21
So soldiers were siding with the Ijaws to kill Urhobos? And you want the Urhubos to watch and be killed by soldiers without fighting.

If this is true, the ambush is justified! The army or the police mustn't take sides in communal conflicts; must be neutral.
Business / Re: ‘Form A’ Applicants To Submit Three-year Tax Clearance Certificates – Banks by Elliotwaveforec: 8:02pm On Mar 20
Baxilexi:


Agreed, developed countries also recognize that some incomes are un-taxable and are transparent with taxes and also regulate inflation and price control.

What level of income is un-taxable in Nigeria? For the UK it’s 12,470£ and below.
If you've got enough money to travel out, you're definitely taxable.

1 Like

Business / Re: ‘Form A’ Applicants To Submit Three-year Tax Clearance Certificates – Banks by Elliotwaveforec: 7:53pm On Mar 20
alphaNomega:
They will still not give you forex. Tinubu is a tax man so any scheme that makes you share your financial stand is a welcome idea to him.

That man's policy is always "how much money can I collect from my constituency?"
Without tax, we ain't going nowhere. Developed countries don't play with taxes!
Business / Re: ‘Form A’ Applicants To Submit Three-year Tax Clearance Certificates – Banks by Elliotwaveforec: 7:45pm On Mar 20
Omo, naija go better o! More money for states like Lagos, Edo, Oyo, Ogun, and the FCT.; Homes of travellers!

1 Like 1 Share

Business / Re: Naira Rises To N1,580/$ In Parallel Market by Elliotwaveforec: 9:11am On Mar 20
keymatt:
Let's blame Binance!!!!!!!!!! grin grin grin grin grin
and

Illiterates spotted! 'Naira rises' not 'Naira falls'. Why should they blame anyone when our Naira is appreciating; Binance and lazy arbitrageurs like you have been kicked out, hence this good news.
Business / Naira Rallies To 1572 From 1609 At Official by Elliotwaveforec: 8:38pm On Mar 18
https://www.cbn.gov.ng/rates/exchratebycurrency.asp

The closing price on Friday was 1609; and today's Monday 18th March 2023, the exchange rate closed at 1572, indicating an appreciation of 2.3%

Politics / Re: Okuama Killings: Soldiers Invade Igbomotoru, Bayelsa, Burn Houses, Kill 11 by Elliotwaveforec: 8:02pm On Mar 18
The massacre may have been carried out by the Ijaws not Urhobos because a mansion located between the communities owned by Tompolo man, was searched and human parts and army uniforms were found; human sacrifice to Egbesu god takes place within the mansion; hence the movement of the military to Bayelsa, the homeland of the Ijaws.

All fingers point to the Ijaws not Urhobos.

https://www.nairaland.com/8033206/real-causes-crises-delta-which

1 Like 1 Share

Business / Re: Court Orders Binance To Release Names, Details Of Nigerians Trading On Platform by Elliotwaveforec: 2:58pm On Mar 18
VanuatuWycombe:


You are a baby. Court can compel any company to disclose its customers details. This kind of situations is one of the reasons that DUTY OF SECRECY can be set aside.

Where Binance is trying to defend itself in a court of law, it reserves the right to disclose its customers’ details.
The same rule is applicable in Banking.

If Binance likes, let it appeal to the Supreme Court, it would still be asked to disclose it.
In that wise, no customer can sue Binance

You can ask any lawyer what I have just typed or ask any seasoned banker who read banking o. Not all those who read Woodwork and are working in banks o.

Go and read the Terms of Agreements you clicked on when you were opening your Binance account. I am sure nobody borders to read those long and tiny words. We just click on … I have read and agreed….
Thank you jare! No mind those illiterate crypto traders! I no blame them sha, most of them are yahooboys who cash out through cryptos.

1 Like

Crime / Re: Katsina Community Watch Corps Kill 200 Bandits In Two Weeks by Elliotwaveforec: 11:39am On Mar 18
What the useless. Military couldn't achieve in years, civilians are doing it. The useless military are the bandits.

Shame on the military!
Politics / Re: Military Deploys Armoured Vehicles Into Bomadi Creeks by Elliotwaveforec: 10:18am On Mar 18
Watianoengineer:
They should use the new super tucano jets to wipe everything out of the area
Lunatic sighted! You need brain check-up.

1 Like

Politics / Re: Military Deploys Armoured Vehicles Into Bomadi Creeks by Elliotwaveforec: 10:16am On Mar 18
sofeo:
They should fish out the killers and focus on North and stop bullying ordinary civilians.
Hhh
Crime / Re: The Real Causes Of Crises At Delta Which Led To Death Of The Fallen Army by Elliotwaveforec: 8:41am On Mar 18
Human sacrifice to Egbesu god! Ijaws, why?

2 Likes 1 Share

Politics / Re: Delta: ‘army Wanted To Forcefully Arrest 3 High Chiefs, They Didn’t Come For Pea by Elliotwaveforec: 8:21am On Mar 18
carterguccy:
This drunk journalist needs to be jailed! 500 na beans? Where are the pics of the dead and injured ones?

Army go turn that community to ashes and no one can stop them. How do you justify killing of 22 military men with this junk story
You stupid soldier think the military are invincible, right? If civilians rise against you guys, Una go run I swear.

1 Like

Politics / Re: Obasanjo’s Biological Father An Igbo Man From Onitsha — Rtd. Col. Majekodunmi by Elliotwaveforec: 3:06pm On Mar 17
No wonder he was against BAT and supported his fellow Igbo.

Could this Igboman be the killer of Bola Ige and other influential Yorubas?

3 Likes 2 Shares

Politics / Re: Okuama Community In Delta State Set Ablaze Days After Soldiers Were Killed by Elliotwaveforec: 2:39pm On Mar 17
Bluntemperor:


Just ignore the rabble-rousers up me for, they know nothing about the Military Operations. Just ask OBJ on Odi directives and its eventual destruction!
For you to kill these numbers of Soldiers,then you must be ready to accommodate them !
The Elders in that Area-should as a matter of Urgency,call on the Top ----Government Officials and hold Press Conferences-to tell Nigerians-what happened and show remorse but those who did these dastardly act should first be fished out!
For you don't kill a Soldier anywhere in the World is tantamount to Declaration of War.
Elders in Delta, especially the Community involved,over to you!
You're mad! But soldiers can kill people unprovoked. The soldiers killed two youths first before they reacted.

You're a very stupid soldier and a lunatic too!

8 Likes 3 Shares

Politics / Re: Okuama Community In Delta State Set Ablaze Days After Soldiers Were Killed by Elliotwaveforec: 2:26pm On Mar 17
This NA is very stupid and unprofessional! You colleagues were killed, look for the killers but you are killing anybody on sight; old people and children.

Army filled with lunatics. You killed some youths and you expect them not to react. If you can kill, expect to be killed too

Peace mission and you killed people! What's peaceful about the mission.

8 Likes 1 Share

Crime / Re: Irate Ijaw Youths Kill Army Commander, Soldiers In Delta by Elliotwaveforec: 4:33am On Mar 17
InvertedHammer:

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That's not the point. Any coward can pick up guns and massacre unarmed civilians.

The point is that whenever they meet capable and willing challenges like these youths, unknown gunmen or Boko Haram, they
always fail to show the gallantry they display when dealing with unarmed civilians.

/
They flex muscles with soft targets!
Crime / Re: Irate Ijaw Youths Kill Army Commander, Soldiers In Delta by Elliotwaveforec: 4:31am On Mar 17
IbrahimSola:
Too late to run. The community should be now be surrounded by soldiers armed to the teeth. Any movement is an affront at this time.

If I were to live in that community, I would be confessing my sins and saying my last prayers because in a short while, the whole place is going down. Especially now that the army is hungry...just like every other citizen. I pity the women and children because it's going down any moment from now.

Mamba dance and Crocodile bath loading 80%...
Idiot! Your soldiers must have attacked first and the people retaliated. I kill you before you kill me! Whether soldiers or not.

The reaction is spontaneous even if you're a General, if I have the means to kill you first, I would do it.
Business / Re: Sunking Solar-powered Table Fan For N97,000. by Elliotwaveforec: 11:36pm On Mar 16
Interested! Heat too much.
Politics / Re: "We Are Ready To Negotiate": Bandits Send "Save Our Soul" Message To Gov Dauda by Elliotwaveforec: 10:31pm On Mar 16
Scripted kidnapping! The so-called captives allowed themselves to be kidnapped to share from the huge ransom expected to be paid by the government.

The ransom alone is enough to make them all millionaires. Thieves.

Shishi, Una no go see.

9 Likes 2 Shares

Crime / Re: Irate Ijaw Youths Kill Army Commander, Soldiers In Delta by Elliotwaveforec: 5:42pm On Mar 16
SalamRushdie:


It's not any norm ...Many soldiers have been killed by bandits and Boko Haram yet we don't see the army going there for massacre but once it's the south they will want to retaliate
I dey tell you! It's only in the south they kill unarmed civilians in revenge.

1 Like

Crime / Re: Irate Ijaw Youths Kill Army Commander, Soldiers In Delta by Elliotwaveforec: 5:40pm On Mar 16
VinnyBaba:
Hehehe!

Ijaw Pple are Something Else! Very Brutal and NO-NONSENSE! 🤨

There was a Case of some Fulani Herdsmen that went to an Ijaw community (Torugbene) in Delta State to misbehave!

I do not want to Reveal here, the Fate that Befell them! embarassed cry smiley
This is how it should be! My generation of Yoruba youths are just too docile.

Our forefathers were fighters and bold! Why is this generation like this? Fulani terrorists would come to your community and kill farmers and docile youths would be looking like zombies.

1 Like

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