₦airaland Forum

padi94:
Normally America bought and built the canal alone, na just one oversabi administration go carry am dash Panama back

exactly. All these Democrats behave as if they hate America

I find it funny that people think any country will defeat USA. Soon Mexico and Canada will bend to Trump. If only every country could have a president that is as serious as Trump, the world would have been a better place. Let everyone go and develop their country and put their country first. Mexico is fighting trump instead of being ashamed that their country is so bad that people are running to USA illegally.

In a significant geopolitical shift, Panamanian President José Raúl Mulino has announced that Panama will not renew its agreement with China's Belt and Road Initiative, following discussions with U.S. Secretary of State Marco Rubio. This decision comes amid heightened U.S. concerns over China's influence in the Panama Canal region.

The president of Panama looked defeated as he accepts to kick China out of Panama

During his visit, Rubio emphasized that China's presence around the canal is "unacceptable" to Washington and warned of potential U.S. action if changes were not implemented promptly. In response, President Mulino clarified that while the canal's sovereignty is non-negotiable, Panama is open to addressing U.S. concerns.


https://www.wsj.com/world/americas/rubio-calls-status-quo-at-panama-canal-unacceptable-as-trump-renews-vow-to-seize-it-6c7d9133



https://www.youtube.com/watch?v=8Rk4RGkStUI?si=ty-cRu93eluW4XmI

Looking4Trouble:
He went to bring his citizens, not to beg Trump, don’t be unfortunate in life

Did you ever read that Tinubu congratulated him? Hell NO. Emilokan JAGABAN no send him Mama

you and the people that liked your comments are idiots. Tinubu rushed to congratulate him. Dem never born am well not to

@ TONYE001 ignore that idiot.

TONYE001:
I feel absolutely no pity for an illegal immigrant. You may lived for decades and established a family and career and all that...but once you're an illegal, you'd one day be fished out and tossed back to your country.

Why would you want to go into another man's country illegally? Why?

We Nigerians are used to doing loads of illegal things...it's so deep in our bones that if someone stands against it, we all gather and fight back.

Trump is absolutely right...and bold to take this step. Sending them back in handcuffs isn't a bad idea too. They are criminals, and deserve that treatment.

No man with self respect would expose himself to this kind of embarrassment.

If we can't respect and obey the laws of our own land, how much another man's?

Trump is prioritizing his citizens. He is not against immigration...as far as it is done the right way. Is this too hard?

exactly. Nigerians are angry with Trump because they love illegality. That is why the country is a mess.

SeeWahala:
Better. At least they will be repatriated back to their country with dignity unlike how trump sent them home on cargo planes with handcuffs

they deserve to be handcuffed. Entering a country without permission is illegal. They are criminals for entering illegally.

Shedrack777:
What will happen to Nigerians being deported? I want to see whether the fg will also refuse them landing same as others

it is madness for any country to refuse receiving their deported citizens. Total madness. It doe not matter how they are deported, a country must accept it's citizens.

Breaking news!
After the Columbian government reduced US flights returning their citizens, Trump issued very serious tariffs and sanctions against Columbia.

Under 40minutes later the Columbian President has made a U-turn. He is not only ready to take his citizens back, but also ready to use his presidential jets to pick them up from the United States. This will save the US logistic costs of deporting illegal Colombian immigrants.

https://m.economictimes.com/news/international/global-trends/in-a-u-turn-columbia-decides-to-send-plane-to-bring-deported-nationals-after-us-slaps-sanctions/articleshow/117587851.cms

ajebuter:
God cannot be mocked

Real Ukrainians are being ravaged by war, poverty and hopelessness

Zelensky and his thieving Generals are busy enriching themselves with monetary aids for US, Canada and big G countries

E remain thieving Russians Generals too

God cannot be mocked? God is already mocked. Else why did God not stop the war and save all the people who died in the war? So because 3 pieces of houses burnt, you think your god has done something wonderful. You religious people are so funny

God1000:

https://www.youtube.com/watch?v=1eWozI5BBKg
This was two days before the election


I understand you man, but you must be joking If you think Donald trump will stop supporting israel with more deadly bombs

I know politicians can be cunning, they say things to get votes, but make no mistake, trump will do worse to Palestinians, I hope he will prove me wrong.

At the bolded, what exactly do you want her to say? It is not in her own interest to openly criticize israel during the campaign, some things are better left unsaid, but I believe she has a better plan for Palestinians

Some people are even saying that she lost because she spoke against israel

whether democrat or republican, no American politician will ever criticize israel openly during election campaign, you need to understand US-israel relations and the reason she had to play both sides

while u agree with you. I read a lot of your posts during this election and could not believe the things you were saying on behalf of harris. The woman is a no no. It is unfortunate but the Palestinians are fu.cked either way.

Only person speaking now that I am proud of is Macron the french president

LordReed:
Republicans have started acting like African politicians; using money to buy votes, intimidating voters, violence against poll workers and stealing/destroying ballots. Very sad.

democrats are no better. I can present a lot of evil that party does, but no need.

Glad that fake as woman is sent packing. Next time the democrats should give us an intelligent woman of color not this idiot that only reads from the teleprompter.
I really have a lot i could say about the democratic party. The mainstream media and kamala but no need.
Trump won against all odds and that is what matters to me now.

God1000 when you stood for the rights of Palestinians, i thought you were a guy that could think. I thought you were smart and had values. But when you started supporting kamala senselessly, you confirmed that your brain was upside down.
People watch too much cnn and msnbc that is why they cant differentiate fantasy from reality.

Many of us support Palestine but we realize that kamala was just a professional politician. The worst kind. The lowest iq type. She ran 2 different adverts. One where she supported Palestine and one where she said she would give isreal full support. She is a chameleon that would say and do anything just to be voted. A pathetic natural liar.
She was never going to stop funding isreal. She said it herself.

Putinofrussia:
Vote buying for trump who will lose.
He has already lost the election just like Iowa slipped off him.

you see say you be mumu. None of the mumu thibgs you said happened

Elon Musk's political group can keep awarding $1m (£722,000) to voters in swing states, a judge has ruled.

The giveaway by Mr Musk's America PAC is set to end on Tuesday, and the final recipient has already been determined, a lawyer for the billionaire said in a court hearing on Monday.

In a surprising turn, the lawyer revealed that people receiving the money have not been chosen randomly in a lottery-style contest, as many believed, but were selected by the group.

Philadelphia District Attorney Lawrence Krasner had sued to stop what he called an "an illegal lottery" after Musk announced he would give the money to one voter in a swing state each day until Election Day.

https://www.bbc.com/news/articles/crlnjzzk919o

Hard to believe Gazzuzz is gone.
Rip brother.
You were one of the few good ones on this forum

Iamanoited:
WE ALL SEEM CONFUSED ON DOLLAR/NAIRA RATE NOW.
WHAT SHALL WE DO WHEN "TECOINS" ENTERS?
TECOINS IS TRUMP ELON CRYPTO CURRENCY KNOCKING AT THE DOOR RIGHT NOW.

bots

leokid866:
and they told you crude oil sales is the only thing we have going for us to generate FX? Crude oil is the only thing we have going for us ba? Better sit and reason properly.......

who ever liked your stupid post is an idiot just like you

It's 2 weeks after now. Hope you guys are seeing how Dangote refinery is making petrol cheap and Dollar rate go down. Lol.

leokid866:
stop lying your stance was it is our only source of fx.....then you went and posted the link like an idiot proud of his ignorance ......seems like you managed to get small sense now you're trying to wiggle like a small rat......also think long and hard in that rat brain of yours why a government would want to keep the dollar value high against its own currency just so they can make small change.....when they know if they strengthen their currency it will allow them afford more in the international market and increased inflow of FX will give them just about the same amount of money even if the price is lower......

Even dangote is being paid in dollars not naira. Fx has gone up over 100 naira in the last 3 weeks

Today the exchange rate is almost N100 higher than it was just last week.
CBN JUST SUPPLIED BDCS AT N1580.

They said dangote will bring more FX and solve about 40% of our FX problems.

I van list a lot of reasons why FX will never get better, but i will gove you only one reason.

What the government is not telling you is that they CANNOT go down on spending. Right now they have a lot of places where they wish to get billions of dollars in loans juust to spend.
If we gain 40% more FX, then we will also have 40% more government spending. NOTHING CHANGES.

There is difference between politics and economics. Most positive news you read and promises are just politics. The reality is the government cannot afford a lower naira to dollar exchange rate.

This is not even about economic sabotage, the FG itself and state governors want more and more money. Saving 40% with dangote is not even enough for them to spend. Therefore exchange rate will remain in at this rate or get worse.

Ttalk:
He is more practical than you do. Seems you are getting angry already with comment trashing your point.

Where does Nigeria gets dollar to create ECA

thanks. This is the truth no one is considering. Government’s priorities are bot the same as the masses, they only play lip service to issues they think sounds politically correct.
Dangote refinery or not, the high exchange rate has indeed come to stay.

They more fx they get, the more they expand their spending.
Governors are getting the highest allocation in Nigeria's history. We have the lagest budget in Nigeria's history.
This is how it will continue

Ttalk:
He is more practical than you do. Seems you are getting angry already with comment trashing your point.

Where does Nigeria gets dollar to create ECA

funny thing is, he just posted that he agrees with what i said. Have a nice day.

adanny01:
I think you miss a point. You need to understand how the value of one currency is converted to another. Its is actually from the strength of the economy supporting both currency.

Imagine a situation where the dollar has lost value that those who hold dollars in Nigeria are loosing its value every day. Imagine at the same time zero import. Imagine zero school fees abroad, no medical tourism or travelling. All these mean the dollar will be useless in Nigeria. It means everyone will prefer to hold Naira. In that case naira is stronger than dolar.

Whats the actual case, we import nearly everything. The worst thing is that, the entire forex Nigeria earns in a day, nearly 40% of it is used to import petroleum products and another say 30% is used to pay subsidy or the new shortfall.

This means that over half of Nigeria's FX income is spent right back to get petrol etc. It doesn't even reach CBN.

The balance is what NNPC gives CBN. The demand for dollar in Nigeria for other imports, contracts, foreign services, fx reserve, budget etc is what causes scarcity of the dollar. Demand and supply now takes over, the higher the demand for dollars, the weaker the Naira.

Check this out. If CBN decides to give BDCs $1billion today, tomorrow morning, Naira will gain value. If CBN does that for the next 1yr, that's $365billion, Naira will be stronger than the dollar, but we cant because CBN doesn't have that kind of money.

So that's where local refining comes in. For CBN to get more money, we need to cut down on the demand for dollars. We extract our crude, sell to Dangote in Naira, pay him to refine, supply Nigerians in Naira. We essentially bypass dollars and the errors of the exchange rate, we dont pay freight for crude to and from foreign refineries, we dont pay any duties, profits or any such to another country. This means we have saved a lot just by dealing in Naira.

That means whatever percentage of fx that we earn and spend on petroleum resources has just gone into the wind. The real effect is say we produce 600m barrels of crude, send 300m barrels to malta for refining to get back 40m barrels of petrol, local refining may cost 200m barrels for the same quantity of petrol. Now we save 100m barrels of crude to sell 400m barrels and CBN gets more than before. This dollars saved is going to remove some dollar demand etc.

while you took time to make sense. Nigeria governance is not theory, it is reality.
This is the reality: THE MORE FX FG GENERATES, THEY MORE THEY WILL SPEND. THERE WILL NEVER BE ANYTHING LIKE EXCESS. BECAUSE THEY SPEND MORE AND MORE, IT WOULD NOT MATTER THAT THEY SAVE ANYTHING.

leokid866:
how does this help your point? Or for your mind you believe NNPC is our only FX generator to base forex flows solely on them?

if not for stupidity, you wont type this rubbish. What is the Nigerian annual budget based on? Is it not on crude price and FX from NNPC? Or you are too young to know this?

leokid866:
how does this help your point? Or for your mind you believe NNPC is our only FX generator to base forex flows solely on them?

what a ignorant statement. NNPC does not have to be the only source of Fx, it only has to be the major source of fx to have such impact.
People like you and Helinues talk without common sense. I have explained my point and somehow i am being proven right.

Bill gates just brought up the issue of low tax in Nigeria. I said the same thing yesterday here. Helinues hope you are paying attention?

Dollar is now N1625. Pay attention. Nigeria has a unique economy and the way our government works is unique.

Fg wants this high exchange rate. it is strategic. If they tell you otherwise, it is just politics.

SpaceX:
With this money will dry up from the masses which isn't good for the economy

taxes not good for the economy? You mistake economy for cost of living. They are not the same. The government only plays lip service to cost of living for political purposes. It is good for the government when interest rates and taxes are high. It is also good for a government like that of Nigeria when FX rate is high.

Stop thinking government is emotional. It is the masses that feel the pain not government.

Helinues, what you seem to conviniently forget is that we run the country on a budget and that budget is based on pegged to an exchange rate and also pegged to an estimated crude oil rate? Now what do you think the CBN plans for to be favourable to funding this budget when all expenditures would be paid in naira? If you can answer this, then you will understand all You need to know

Georgry:
Is he going to pay tax in dollars? He's going to pay in Naira, the only way it can favour Nigeria is if Dangote is selling fuel in Naira which means all those countries will have to buy our Naira with their dollars before they buy from Dangote, anything short of that wouldn't make much impact imo!

no country will buy anything from Nigeria with Naira. This is a FACT. Have you heard of BRICS before? For over 20 years with intensive effort, they are yet to break the global dollar trade. The system needed for a naira enabled multinational trade is a lot more complex than most people imagine. It is not going to happen.

SpaceX:
Why don't they just print the naira since all the need is the currency?

which will cause inflation. Why i said only solution at this point is high tax and higher interest rate

SpaceX:
The job of a government is not to pay salaries but create policies and structures for free market to strive so when the exchange rate affects the masses it's a negative to the government it means people are not doing well in life.

When there are policies and structures in place for free market it's create productivity which with time improves prosperity for people.

you are speaking theory. They need to pay salaries and distribute allocations. They have a budget to execute all paid with limited dollars they generate but they are doing all these in naira. Now you think CBN is ready to fund these expenditures at a lower exchange rate?

helinues:
Was the tax there before?

so no tax?

helinues:
Is he not going to pay tax?

qhat is the percentage

helinues:
What led to Dangote's earlier noise if not because of increase in tax and also cancelling of some tax waivers given to him by the previous government

only a high tax can make it easy for CBN. The rest is just politcs