₦airaland Forum

naijaseeker:
As in. She is in the top 3 and for clarity, I do not think we can say who is the best. Vera shined very brightly but very briefly. Who knows what would have happened. Stella was the most consistent and ordega is the best known internationally. They were all really good and in their days we would be assured of flank pressing. So let us give her all the dues.

I do not think she should be back though for a couple of reasons. 1. Team chemistry. This is not her team. Her team disbanded in 2019 and Oshoala and Ohale are enough for the neceesary guide and transitioning. This is the Under 20 (2016-18) team, so disrupting their chemistry is unfair. Further, there has being blends from foreign bred Nigerians so balancing this chemistry is critical.

2. Her skill is not that critical for now. SF has enough strikers and wingers. What we rally need is a holding and creative mid fielder, an Okobi fool stop, A Midfielder who can hold, distribute and control tha attacking pace. Echegini scores but I have not seen her create the Okobi type of magics. Maybe Tony Payne or Ajibade may be converted to adapt as they are the closest we have for now. ,

Esther Oyenezide is that midfielder. Just give her like a year.

nelxxy:
you're just knowing now 😆

Nah, this is too low.

Deltamani:
Nobody but Francisca Mlumun Ordega who can’t stop scoring she score in 47 mnts for her club wfccska to record 4:2 win at home in Russia 🇷🇺 league!

League TopScorer with 6goals in 5games

Hmm is she making a statement to us?

SunMusk:
I no doubt you about d second devaluation, but Can you please show me a screenshot to verify it🙏🙏??

You nor been dey this country Jan 31st this year when CBN released circular telling official market players to change their style of quoting the exchange rate and immediately they adopted that new CBN style, it moved immediately from 900 to 1300? See the screenshot here. Currency was devalued on June 2023 and January 2024.

SunMusk:
If Emefiele defend the naira the way this present cbn is doing, using BDC as a control merchant, naira will not have reach 750 in the black market. But let see how this goes sha. Every currency in the world is defended, even the US DOLLAR IS control by the fed. Pounds, yen and others. Like I used to say naira is in this state bcs of corruption, Argentina devalue to 850 almost same time as Nigeria, the lowest it has gone to is 865 peso. Corruption is what is killing us in Nigeria.

That’s because Argentina did not devalue a second time to meet up with the black market at 1100 (now around 1000). Nigeria moved the official market from 800/900 to 1300 on January 31st 2024 (second devaluation).

vaxx:
All thanks to money borrowed, even though, Nigeria will have to pay back with higher interest rate . It will help in slowering the fx rate for a little time . I must commend Nigeria apex bank for this . At least it is good for business ( short time plan ) . Buisness can easily regain confidence for the main time . And recoup their investment on time now .

Like I said here .

Only foreign borrowing can save naira unless the warehouse and factory in Nigeria are producing and exporting more than they are importing .



If you don't want to pay higher interest rate on borrowed loan, subscribe to imf ...

By foreign borrowings do you mean FPI’s? All countries get FPI’s. If you increase interest rates, you get more FPI’s. Ghana has high interest rates too at over 25% I believe. The only borrowing Nigeria has borrowed is the one they did from Afrexim Bank in December where we sold our oil into the future and got 2 Billion dollars then in December but I don’t think that was enough then.

Kukutenla:
Again you've shown your poor knowledge and ability to understand. Your headline says 18 year low. The news is from 2020. That means the oil price fell to the rate it was in 2002. Is that not under PDP?

Anyway, so you don't go about deceiving yourself that you have a point, your claim about $$ revenue, which is actually a rehashed tale that was started by Buhari has already been debunked. Here are links below that you can read to see how false you're claim on $ revenue is. I'm pretty sure if you add Tinubu's revenue from oil, it will surprise you that APC have actually had higher oil price on average than PDP years. PDP were simply more prudent. Or is that calculation and research you're too mentally lazy to do that's making you regurgitate APC's false narratives that's been debunked multiple times

https://www.premiumtimesng.com/business/504571-buhari-repeats-false-claim-on-nigerias-oil-revenue-in-past-years.html?tztc=1

https://dailypost.ng/2018/05/24/fact-check-buhari-got-wrong-nigerias-oil-revenue/

Jonathan have had the highest oil revenues so far. All through the PDP years, we did an average of 2.2 million bpd and in Jonathan’s time, we sold above 100 dollars per barrel in addition to that.
Also, 20 dollars in 2002 was much more valuable than 20 dollars in 2020 because dollar itself have also depreciated in all of those years due to inflation.

Goodlady:
I don't blv so. I v conducted researches

Give me the research you conducted on official rates. Somebody already posted proof up there that shows official rate was 22 naira. We all know black market rate was 88 naira then.

predictor1:
Who said gej made Buhari incompetent? What is dis one saying?

The subsidy was already removed in the budget, Tinubu only upheld it. With continued subsidy and without floating the naira the economy would eventually collapse. We've seen that in Lebanon and Venezuela but since all you watch is Soundcity and Africa Magic, you can know much about world economy. Or have you ever experienced fuel scarcity under this government like you used to have under Obj, Jonathan and Buhari with scarcity lasting for months? That's also one of the effects of subsidy removal.

I think there’s still some sort of subsidy though due to the naira devaluation especially the second devaluation on Jan 31st 2024. But if we can get the naira back to 800 at this current crude price ($90 per barrel) or less, the subsidy would be out or almost non existent like it was between June and August 2023.

airsaylongcome:
Lol! You completely lost your mind. The highest dollar ever got to under PDP was 216. The highest dollar got to under your jagaban was 1900. Do the math.
Don't forget that 216 was without any government intervention and with a massive SWF. Your current (government manipulated) 1100 is still a 362% hike on 216 that you all screamed about in 2015.

Under Goodluck Jonathan, despite an average oil production of 2.2 million bpd and crude at over 100 dollars per barrel, the reserves were still used to defend the naira aggressively amongst other things. Reserves were at 28 Billion dollars gross when he left. He inherited around 44 Billion dollars in reserves.

Goodlady:
Stop drooling spit. See facts below:
Abdul-Aziz Na'ibi Abubakar on X: "Dollar-Naira Exchange Rate from ... https://twitter.com/jrnaib2/status/1762127178450288784?lang=en
See screenshot attached.

This is black market. Official rate was 22 naira.

worksmart:
From the worst performing in the world to the best performing currency in just over a week tells me it is being manipulated to deceive us and cannot be sustainable.

What if it was manipulated to become the world’s worst currency then and it’s now retracing but with added fire?

Close of trade today:

Official market: 1142 naira
BDC (Parallel market) : 1115 naira.

Hmm. All hail the naira. Not only are the rates now unified, street rate is even lower than Bank rate.

predictor1:
You don't know anything about foreign reserve. Your foreign reserve can be growing while you are heavily subsidizing your currency or dropping while you do the opposite. Our foreign reserve is used for other things apart from selling to bdcs. Or how do you want the bdcs to get dollars if not From government?

I just don’t understand them. What has been given to BDC’s so far shouldn’t even be more than 60 million dollars yet, and as at when Cardoso announced he has paid the last backlog of 1.5 Billion dollars on March 18, the reserves began to plummet to probably account for it. So why they think the reserves was only used to stabilise naira, I don’t know.

olisaEze:
How old were you in '99?? Dollar exchanged for N88 not N28.

There is black market and official market. In years to come people would argue if dollar exchanged for 450 or 750 in 2022.

LegendHero:
I showed you confirmed US government source link, you’re sharing some nobody post on Twitter.

I can also go on Twitter and post it is $1 = N2, will you now say it’s the truth?

https://1997-2001.state.gov/issues/economic/trade_reports/africa98/nigeria98.html

He is showing you black market rate then. What you posted was the official rate.

gabbasin:
it was N89 to a dollar when Obasanjo take over in 1999

That was black market. Official market was 22 naira.

predictor1:
How? In the past government supported the naira with as much as $20bn In a single financial year only for bankers to take dollars to the black market and make huge profits. Now even the black market rate is lower than official rate. Removing subsidies will actually help Nigeria's economy and future better than leaving the huge subsidy regimes in place.

In Argentina today they're crying as inflation is 270% and they devalue their currency almost every month. Prices of basic goods increase by the hour. The same mistake Nigeria made for years was what they made too: crazy subsidies and not floating their currency. You should thank God for Tinubu.

If Argentina is too far you might want to check out Iran and Lebanon. Iran has the world's second largest oil reserves. They subsidized madly like Nigeria from fuels to cooking oil and sugar. Today those same subsidies have messed up their economy and led to shortages. Today in Iran fuel is being rationed. There's a limit to how much fuel you can buy in a week. You are given a ration card. Is that what you want for Nigeria

Or you want to try Lebanon where their currency has fallen to 89,000 Lebanese pound to a dollar due to unbridled subsidies like Nigeria before Tinubu?

I can go on and on but time will not permit me. Just know this: no one destroyed Nigeria in recent times as badly as Jonathan and Buhari. Jonathan was even a bit better because Okonjo advised him to stop the subsidies and he wanted to but he allowed the likes of Tinubu to bully him. Bihari was a total disaster.

Tell them. Even the 1 naira to 1 dollar in the 1980’s Nigerians love to boast about was a subsidy of the official market where the black market was 4 naira to the dollar (4 times the official market). Abacha also held the official market at 22 naira throughout his tenure with black market at around 88 naira (again 4 times the official market). Same mistake Zimbabwe made in the history of their currencies. Tinubu and Cardoso on the other hand had the guts to devalue the official market twice. First from 450 to 750, then again from 900 to 1400.

Validated:
First off, stop peddling lies. It will not help you in life. Lies can only get you through the "door", but the truth helps you to grow. Learn that mystery for your own good.

Dollar-Naira Exchange Rate from 1997 to 2000(Black Market Rate.)
1997 $1 = N84. 58
1998 $1 = N84. 70
1999 $1 = N88-N90
2000 $1 = N105.(PDP)

Then APC met it at N216 and now celebrating N1200? Is that not hypocrisy?

That was black market. At official market it was 22 naira.

Lizzysamuel:
216-28 that's 188 difference.

1200-216 that's how much Agbadorian?
I don't even want to mention the 1950 ATH you guys took it too.

Currency rates are not measured that way. That’s why they are called rates in the first place. PDP in 16 years took the currency rate 10 times higher than it was.

Deltamani:
Zambia Women’s National Team Midfielder Prisca Chilufya

Interesting 😊

Nice one here

Dialpad:
Those keeping dollars.... Whats going on ?

I sympathize with those that purchased above 1300 hoping it will hit 2000+

Bad gamble

😂

predictor1:
By the end of the 3rd quarter it should be below #1000. What they need to tackle now is food inflation.

I always knew food inflation had little to do with dollar then. We produce most of our food. Food insecurity issue was more or less by bandits and climate change. The effects of the October 2022 flooding and naira redesign Q1 2023 as well as increase in price of diesel and pms.

NairobiWalker:
Didn't Ghana drop 3 zeros from the Cedi in 2007?

Yes they did (about 4 zeros) and in my opinion it’s still one of the best decisions the Ghanaian Government have ever made. I think Sierra Leone did same thing recently if I’m not mistaken.

Deltamani:
Yeah yeah we would have given her more time as she played better football defensively and Attacking Wise, even though in the final against Cameroon she was very very Conserved but still grinded out a win when it matters..! She’s good. Arguably my no.1 Pick going for an Ex-international to handle the SuperFalcons and she’s more of a developmental Coach.! Again as you have said those Players mentioned where in their hot period even though some where already getting older.. Ebi, Chikwelu, Ijeoma Obi etc.

Her Players selection where also on point, Substitutions where top notch..! I think her Coaching Style was the last time the SuperFalcons played real Pace and Power Football.. Ordega/Oshoala/Okobi/Chikwelu Infact everyone of the Players where running till 90minutes non stop.

Even the right back Ugo or something of Rivers Angels then was a delight to watch.

lovewins:
I think the problem has been time. No foreign coach has spent significant time with the Falcons bar Waldrum. Also, you aren't factually correct with your first assertion cause the records show Thomas Denerbby (who has been the only foreign coach in the last 2 decades) also had bad defensive record. He probably could have done better had he stayed.

I agree. Looking back now, I still think we were unfair to Odegbami and should have given her more time. Her falcons team was more of a delight to watch than that of Dennerby. This may also be because the likes of Ordega, Okobi, Oshoala, Ikidi, Oparanozie were still at their prime then.

naptu2:
I didn't want Randy gone after the 2022 Nations Cup. I understood what he was doing and what happened. It reminded me of Westerhoff (who lost his first match, a World Cup qualifier in which we only needed a draw and then he came third at Senegal 92 before achieving success in 1994).

The problem I have with Randy and most white coaches is that while they focus on our defence, they bring almost next to nothing to the attack. Local coaches on the other hand are the extreme of the opposite end. Local coaches give you the Nigerian style of football (flare/wing play/ attack/ dribbling) but against tactical teams they lose woefully due to awful defence.
We need a balance somewhere.

lovewins:
All of these are bad faith arguments and it's surprising you're the one making it. Did Randy have a poor start as coach? Yes he did. I was at the fire front of those calling for his sack. The Falcons couldn't string 5 passes if I remember correctly. They were an eyesore to watch. But like AkinDS tight said, all of these predated Randy. We won't the previous WAFCON but was lucky to do that on penalties. The team wasn't doing well. In hindsight, maybe a little premature to call for his sack, but we were right to criticise at the time.

He however settled into the role after AFCON. Since 2023, the Super Falcons have played a total of 17 games and they've Won 9, Drawn 6 and lost just 2. We got to the Round of 16 of the World cup when many never expected us to (yourself inclusive). Mind you this is the first time the Super Falcons will be qualifying out of the group stage as a top 2 team. We qualify for the Olympics after 16 years getting past Cameroon and South Africa. We have an entirely new squad with entrants we probably wouldn't have had were he not the coach. To reduce that to nothing is being insincere

In 1999 though we qualified as a top two team.

truthhurtsnaira:
If they are taking ALOZIE to Olympics expect another embarrassing performance for a pretender…

This is my problem with Randy. Alozie is a winger and she started as a make shift defender then I believe, so why hasn’t he found a replacement for that right back role yet, so we see the effect of Alozie in attack on the wings? She has speed and she’s a good crosser.

I have never seen a currency appreciate this way before. From 1915 to 1098 in 2 months with no signs of slowing down yet. Incredible.

Deltamani:
Chidinma Okeke seems to have reinstalled herself into the SuperFalcon Squad, I fear for Rofiat Imuran to be sincere!

Chidinma Okeke gives you a lot of Options LB, RB and CB, she just need to improve in her Attacking side of the game and also play her way back to the top leagues in Europe!

Some Persons here did wrote her off though, that she was heavy this and that..! At least she proved everyone wrong that she can attain her usual level and better still get better.

I’m just happy no Gloria Ogbonna in the mix though except she improves to an extent that is.