₦airaland Forum

MrBrownJay1:
you can put wool on a wolf all you want, it will never turn into a sheep...

Moferere:
Don't say what you don't know.

Southerners are holding political offices in Kaduna

stayclearofme:
Neither in the East yet they tell you Yorubas are the most tribalistic.

MrBrownJay1:
being yoruba isnt a prerequisite to hold office in Lagos, is it?!

Pierocash:
You hardly can see a Southerner in the cabinet of Northern governors

RockhouseCafe:
False...not proven. This is defeatism, like "leaving it in the hands of God."

Superstition.

AntiWailer:
Nobody expected Naira to rise just by shutting AbokiFX down. If you believed that, you are either ignorant, mischievous or just a victim of picking common thoughts on the street.

For Naira to rise, we need to manufacture and export. Reduce imports drastically and reduce our reliance on dollars then the basic Economics of Demand and Supply will kick in on the price.

The problem AbokiFX bring is speculation issues. it is one of the problems and others would be tackled accordingly. There are about 7 other reasons to be tackled.
1. Inflation rate.
2. Interest rate.
3. trade balance.
4. Government debt
5. Terms of trade
6. Political and stability of performance.
7. Recession
8. Speculations.

If you observe the list closely you will discover that the Govt's failure is responsible for majority of them and that is why there is no hope anytime soon. The decision which is a right decision no doubt, at best took care of only item 8. the 7 other monsters must be dealt with.

Many people asked several questions around where AbokiFX get their data from. There was no sensible answer.

Also a lot of people rely on AbokiFX to make decisions on how much they will buy or sell their dollars so let us take an example.

If AbokiFX continues operations and all of a sudden post #750 to 1 dollar (recall we don't have any logic behind the price they post), thousands of people who use AbokiFX to av an idea of how much they will sell will definitely not sell at 450 right ?

Even if people say they are mad, they will not sell cos they believed if AbokiFX says 750, it is likely close. The refusal to sell automatically impacts supply while the demand for dollars keep going up, price will definitely rise at a rate not steady.


Please note that this is highly intellectual. I will try and reply every mention.

If u don't understand, I can forgive you but if your response is only insult because it is too much for your capacity to think, i can also forgive you but will likely ignore you.

I agree it is not every time posts would be interesting like Squid Game or Tonto Dike vs Kpopo.

Iyaebe:
Police men are everything bad hence the reason their children hardly progress in life.

Candidlady:
Men will always be men! Imagine the uncircumcizd e'd'ort claimin his daughter charmd him!

PlayMaker14:
Still the best network in Nigeria.

Airtel and Glo still creeping behind.

Juell:
So covid still dey Nigeria?

daddytime:
This is a no mean feat by any stretch...

Congrats guys..

5th anniversary these days sef na like Golden Jubilee...

NGpatriot:
We are talking about revenue generation, and you want Him Ti Lai, a know and prolific tax evader, to fix the same problem he's part of and masterminding as a tax evader.

You crooked are ipobs are never serious..

Asiri1991:
Dialogue.

millionboi:
seriously
Man utd is weak ass

sabreal:
Nobody can do anything different using the 1999 constitution.

We all.need to come together to agree how our constitution should be. Otherwise no country. Break up is imminent. Just a matter of time

Abfinest007:
The money card will play out in 2023 bcuz people are hungry

truthCoder:
Don't always do this.

If you don't understand, ask questions. If you have an alternative opinion, state it. Must you be crude?

The EFCC obviously goofed by running to court with a low understanding of the transaction dynamics. The account in question was an internal account which was to serve as a collateral by the CBN to Sterling. The collateral account balance reduces as milestones are met till it is cleared out.

If you have not worked with internal bank accounts before, you might simply not understand.

EjaikreTheViper:
Normal Afonja ranting
Throw some few plates of amala, ewedu and gbegiri around and they will all shut up