DMerciful:
It might even be squash if there is evidence he was treated unjustly

Not squashed. The appeal court will order a retrial if his legal team can proof to the court he was not given fair trial but he pleaded guilty in this case.

Itiskdg121:
Negligence from the car owner. He should have locked the door.
Nigerians don't understand safety at all.

Avoidable deaths are very painful

Abandoned for 2 years. Thieves could have broken into it and left it open. Owner might even have relocated out of the vicinity.

Tetrahedron:
Whoever put up these “v-people” up for these type of job is a simp, mere looking at her you will know she got that position NOT by merit, I am sure there are many people better qualified than her.

Ekedc is the worst performing out of all energy distribution coy in 2024, the amount of stealing going on there is gargantuan.

Fantastically corrupt EKEDC

Up till now they have refused to give me pre-paid meter after paying for it

IBEDC outperformed EKEDC? wonderful.

LandMann:


It's an agreed economic law that inflation has a negative relationship with the value of a currency, especially fiat currency or paper money.

To argue against this established law is to turn economics on its head.

Don't allow yourself to be deceived.

To understand the issue of inflation better you have to look at it from a relative perspective. That means you have to compare inflation and value of a currency with something that holds better value across time and space. The issue of time and space is also very important to note down.

Yes, there's inflation in the USA and I can still tell you that the dollar is depreciating against an asset like land or gold because across time and space land and gold holds more value than dollar, naira or any other currency.

If you measure the value of naira against gold and land you'll see that naira is losing value as well against both because as time passes you need more and more amount of naira to buy the same fixed size of land. Rise in price of anything is inflation, and once inflation goes up it means the value of a currency has fallen... This will then translate to a lower or weak exchange rate if you compare that country's currency where there's inflation to another country's currency where there's lower inflation.

Inflation in Nigeria now is 40% or higher but inflation in USA is 4%... Inflation in Nigeria is 1000% higher than inflation in the USA. Do you see the huge gap? It simply means that naira's value will drop way lower than the US dollar when you compare both against each other or when you compare both against any better asset like land or gold.

So, ask yourself, why is the Tinubu's government using propaganda to prop up the value of the naira and blaming crypto, speculators and other ghosts when they know that inflation is the real problem and they know the factors driving inflation and are even responsible for some of them (printing huge amount of naira, bad road, high insecurity, high cost of diesel and fuel due to Subsidy removal, no electricity and high cost of poor electricity)?

If you have wealth in form of cash and you're looking to store that wealth, would you store it in naira knowing that tomorrow, your naira will be able to buy fewer goods?

Imagine your 500,000 naira being able to buy 100 bags of cement but then dangote increased price of cement in February by 200% to 15000... Your same 500,000 will now be able to buy just 33 bags of cement. From 100 bags to 33 bags!

Will Tinubu's government give you the balance 67 bags of cement because you're patriotic?

The speculators you see the government chasing are mostly trying to protect the value of their wealth against the rampant inflation created in Nigeria by Tinubu's government.

They can choose to buy land or gold to store their wealth, and some are actually doing so right now, but it's a fact that gold and land are not liquid assets. You cannot easily convert them to cash to use for other needs. That is why the next best alternative for any sensible human being in Nigeria now is to store their wealth in dollars since it is acceptable worldwide and a better store of value compared to the naira, relatively speaking.

Read everything I have said here and before carefully and understand the big picture. Don't allow yourself to be deceived by the government of Tinubu and its propaganda agents on social media.

Do what you need to do to protect your wealth cos the government will not help you when you end up poor and broke

I'm not an economist, I trade fx and that is the real world not textbooks. In the real world, low inflation does not mean strong currency like I pointed out using china and japan. Heck, japan went through a deflation period and their currency was not strong.

Using real estate is a bad example as there've been examples of real estate bust that prices plummeted in the US.

UEDA, BOJ gov increased the rate yet it's currency is being shorted by traders and he's threatening another raise that may include intervention.

I agree with gold being a safe haven as that was why it appreciated especially with wars and rumours of wars but it has started depreciating as I type.

Again, what you may have in textbooks don't always play out in real life.

LandMann:


Actually China's currency is one of the strongest in the world, that is why their currency is amongst the few used for international trade and payment.

Again, China has been keeping it's inflation rate low and even intentionally devaluing its currency so that its goods and services can remain cheap and competitive in the international market. USA has been crying about this for years. Please do a simple research to confirm.

But that aside, Nigeria's situation is worse and cannot be compared to any sane society because the country is ruled by thieves and crooks who love to chase shadows than solve Nigeria's real problems.

Speculators are present in every country. If speculators are thriving in Nigeria then it's the CBN and Nigerian government that is giving them a fertile ground to thrive through various ways.

Do you know that CBN is intentionally keeping millions of Nigerians from legally accessing dollars? How? By simply preventing Nigerians from being able to use their debit cards linked to their bank accounts to pay for things online on international sites.

Do you know what will happen if CBN allows this? The demand for dollars will far outstrip the supply in Nigeria and naira will crash miserably as Nigeria is too import dependent and Nigeria is a consumerist society.

All this ties to certain fundamental problems;

High insecurity, very poor infrastructure, high cost of production, very poor education, very poor electricity, etc.

Speculators are all economic agents. They see these problems and they're betting that the naira's value at present will be lower in future if this problems persist. Any smart and rational thinking human will do the same thing.

This is beyond patriotism. If your government is patriotic then they'll focus and should have resolved those fundamental problems identified earlier over 40 years ago. But all past and present government are not patriotic. They have been destroying the country through senseless looting and stealing of public funds. Yet they want you the ordinary Nigerian to be patriotic.

Tinubu's government is not different from the rest past governments. Has security improved under Tinubu? No. Farmers and Nigerians are still being killed and kidnapped daily, causing food shortages everywhere meanwhile they locked border and are preventing cheap food from coming into the country. To what end? They want Nigerians to starve and become extremely poor and dependent on government handouts right?

Has Tinubu's government solved electricity problem? No. Instead he increased electricity price by 300%, removed subsidy and increased cost of fuel by 300%.

Has Tinubu's government solved Nigeria's road infrastructure problem? No. Instead of fixing the existing deplorable federal roads across Nigeria, Tinubu's government awarded contract of 21 trillion naira to build a new coastal road to someone that is allegedly his long time business partner.

All this is happening yet the government and its propaganda agents want you to believe that Crypto is the problem of Nigeria and Naira.

What about education? Tertiary education is becoming out of reach for children of the poor due to massive increase in fees by the various universities... meanwhile quality of education is still very poor.

Meanwhile the government is still borrowing dollars heavily from World Bank, African Development Bank and other organisations despite removing subsidy and jacking up prices of every essential item in the country. To what end if I may ask?

The summary is that only extremely foolish people will see all this happening and not take steps to protect the little they have.

I cannot force you to stop believing the lies and propaganda of Tinubu's government. If you haven't learnt anything from the past 23 years of democracy in Nigeria, you won't learn now.

Keep enjoying the country.

#Peace

In your 1st paragraph, you said it is one of the strongest in the world and in the next, you said they devalue it which everyone knows. I hope you know it means they are deliberately weakening their currency and no weak currency is strong just like the yen.

I wanted to point out to you that your theory of inflation means a weak currency is wrong. US inflation has been rising not like ours by the way and presently, their currency is adjudged the strongest in the world.

I understand your other points and those were never the basis of my comment.

MyVILLAGEpeople:


It’s just in few occasions that incumbent governor loses

She made it seem like it never happened showing her Nigeria history knowledge was not up to date.

LandMann:
Naira is depreciating because inflation is rising.

There is a negative relationship between inflation and the value of a currency.

If inflation rises the value of a currency will fall.

Over the past two months Nigerians can confirm that inflation has been rising as cost of goods and services has been increasing. NBS also confirmed it. Yet, despite the rising inflation, Cardoso and CBN was using propaganda to prop up the value of the naira, which goes against any know economic principle. How long will CBN and Nigerian government continue to use propaganda to prop up the value of the naira?

The long term effect of this bad behaviour of CBN is that foreign investors and foreign lenders will lose confidence in Nigeria. When this happens the CBN and the government will have a bigger problem on it's hands that no amount of propaganda can solve.

If you want to truly fight naira depreciation then you have to fight the true cause which is inflation caused by several factors such as insecurity, high cost of power (fuel/diesel), terrible road infrastructure.

Insecurity has prevented farming and production of food, leading to high prices of foodstuffs.

Removal of subsidy has lead to high cost of diesel and fuel which serve as input in the production process and transportation process. Higher cost of production and transportation lead to high cost of goods, high inflation and lower value of naira. The government made it worse by recently increasing cost of electricity by around 300%. All this will lead to higher cost of production which will be transferred to the price of goods in the market.

Lastly the state of federal roads in Nigeria is beyond bad. It takes extremely long time to get goods from production point to final consumer because the roads are just terrible. The bad condition of Nigerian roads lead to delay in delivering goods, leading to waste of more diesel, accidents and damaged goods...all this is cost to the producer, seller or transporter and they factor it into the price of the goods which ends in higher prices, inflation and a depreciating naira.

All the above is just a summary of the real cause of naira depreciation. Instead of CBN and Nigerian government to be chasing Crypto they should focus on tackling the above issues.

Crypto has been in Nigeria since 2015 yet the naira did not lose as much value or fluctuate so widely as it is doing now that Tinubu in all his wisdom decided to announce subsidy removal and exchange rate deregulation on inauguration day knowing fully well we have the aforementioned problems bedeviling the country plus Nigeria does not produce sufficiently for export to earn foreign exchange.

Relying on propaganda to run the country will fail eventually.

Tinubu is a huge disappointment

Your theory is not always right else china with inflation rate of about 2% should have the strongest currency I the world. When you high inflation, you increase rate like CBN did to increase your currency rate but in this case, speculators are working hard to depreciate the naira.

AqualinaXYZ:



You dey whine transportation and business owners who uses generator?




Make una dey defend crippled frog

Trucks to transport foodstuffs and livestock requires diesel and luxury buses so also does the manufacturing sector of the economy. It's a win for Nigerians.

nairavsdollars:
You want to defeat an incumbent governor in Nigeria. You dey craze

Incumbent governors has lost. If in doubt, ask kwankwaso and so has incumbent president.

Kobojunkie:
Avoid me abeg!

When you make claims you can't defend, I'll call you out.

Kobojunkie:
You can easily access that information for yourself abeg! I don't have time to debate nonsense.

As usual, you make nonsense claim you can't back up.

osazsky:
my maternal grand dad had 11 children ..only 3 survived the rest all died before they got to 7 and all wives acused each orther of been witches

And based on this, you made an assertion with no stats? Really? My maternal grandpa had more than 21 children, ask of nwannunu family in isiala nwanne south, Asia state. They all survived.

Kobojunkie:
I am sorry, what?

Census report to your claim that population in the era of no vaccine in nigeria was low.

Kaycee54321:



Regardless of any misgivings about the rather strange takes by the preacher, the bolded doesn't make any sense.

I watched that Gates video, the guy may claim he mis-spoke but it was worrisome he made such statement and not even once.

Kobojunkie:
Era of no vaccines when the population was maintained low due to high mortality rates— infant, pregnancy-related deaths, sicknesses, etc.

Population wa menained low? Care to post link to the census report?

Alore:


Does this verifiable facts and science he provided include that one that he said 4G was responsible for COVID?

I worked with these technologies (3G, 4G) and Pastor Chris' analysis how 4G was causing COVID was laughable. I simply wrote on the BLW YouTube Channel that the Pastor should stick to his theology. I cited data correlations of cities with highest densities of 4G rollouts in the world without any significant COVID breakout (then, Shangai and Tokyo). So, what verifiable scientific evidence was the Pastor referring to? Most of the sources he cited in the video were materials of conspiracy theorists - the craziest sort of people anyone can deal with when it comes to their view of life.

I don't think he ever made reference to 4G.

Nteogwuija:


Don't be dull. We've had several pandemics in the past. They all come and go.

The covid projections were scary. Thought Africa would have been heavily depopulated with the way they were going about it.

Kobojunkie:
In the case that these men had 3 male kids from the first try, then what?

2. How many of these wealthy men lived during those days? How many of them live today among the millions of Nigerians living in poverty who still have kids like rats?

1. Mist men that had 3 males as their first children rarely had large families except they had large farms that needed them attending to.

2. In those days, they had many well to do families unless the head was a lazy man who hates farming. Secondly, you were referencing to the era of no vaccine so it has absolutely nothing to do with current time and that was why I quoted you.

Kobojunkie:
...It does if you in fact reason it. People used to have many kids because they were not sure which of them would survive sickness and other issues. With better healthcare, you find that people are less inclined to have more kids as the survivability of the few they have is greatly improved, and so they can focus more on living their own lives even as they raise the few kids they have. This has been observed in much of the developed world. Look at places like Sweden, South Korea, Japan, etc.

I don't know what part of the world you refer to but in nigeria, that was not the reason parents had large families back then.

Some reasons were in bid to get the male child. This made some men to take more than a wife and had more children than they bargained for while seeking for the male child. Another was the tradition that a wealthy man should have a large family which should also help out in farm works.

Lamasta:
Let scientists respond to him and not BBC so that they will show him facts and evidence of the wonders of vaccine...

Supported, a team of scientists should present a rebuttal to his claims.

helinues:


What do you know

More than you know pal.

helinues:
Dumb tactics to crash the price while they stock same Bitcoin in bulk

Bitcoin halving is almost. The yeye capitalists that want everything for themselves Only

JP Morgan, Warrent Buffett and co who have been calling Bitcoin ponzi have millions if not billions worth of the same Bitcoin

Shows you are ignorant of the financial world. So you think JP Morgan's board will approve them to deal in bitcoin when they have gold and so many financial instruments to trade in?

Po, put graphic picture abeg.

OilandGasMarket:

Booking number please

Just seeing this. It has played out. Will do the needful next time. I just followed your format.

NPFLADMIN:


Don't know. I don't use exness.

But I guess it should be around $200

You can start with less than $100 on exness.

OilandGasMarket:


If only we had 19 others like me...

Aris vs kolos greece(bb) 1st half 0v.72.5@1.38
Wolves vs pieno Lithuania(bb) 1st half ov.81.5@1.38

12E0915B BB edit to your risk.

This thread don dey bounce back to life small small

In as much as I should encourage the UN to intervene on humanitarian ground, yemen should buy their own food and not depend on aid since they have funds for missiles and drones. After all, na who don chop belleful dey get power fight.

GanagiBitrus:

There may be some element of racist hatred in this incident.
Some Oyibo have deep hatred for coloured folks.

Ohio is deeply racist.

Why keep repeating this news.

essentialone:
This is the Summary:

If naira is going to be N1,500, then let it be like that for at least 6 months. Do not let it be N1,500 today, N1,200 tomorrow, and so on. You can’t plan, and that’s why even as we speak today, we see that the naira is appreciating, it’s appreciating too fast. When you sit down and look at the analysis, people are concerned saying, "should I reduce my costing rate, to what the market is? But I’m scared, that if I reduce my costing rate, what is my replacement cost? Will it go back up?" That’s the reason why prices of things have not come down. Yes, the naira is appreciating, but people are not in a place of comfort to say, "Yes, it is sustainable". The only answer to that is Time. We have to wait it out for a few weeks or months. Is this sustainable over a long period? if it is, then you’ll see prices of goods and commodities coming down.

Your are on point.