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HardMirror's Posts

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Politics › Re: Dagote Refinery Can NEVER Crash Dollar To Naira. FG Gains From FX --This is why by HardMirror(op): 11:59am On Sep 04, 2024
helinues:
With the Dangote refinery, don't you think our ports would also become a choice of destination for the neighbouring countries which some of the goods we are importing would be more closer bye which would reduce the price?
Let's be honest with ourselves. Only a higher taxation will bring the exchange rate down in a managable manner for CBN to manage. The main issue is, CBN cannot afford an exchange rate that will put presure on the naira supply.
Politics › Re: Dagote Refinery Can NEVER Crash Dollar To Naira. FG Gains From FX --This is why by HardMirror(op): 11:08am On Sep 04, 2024
leokid866:
you have no understanding of economics and I pity whoever has their money in your hands.....
https://businessday.ng/news/article/nnpcs-naira-profit-masks-dollar-decline/

Politics › Re: Dagote Refinery Can NEVER Crash Dollar To Naira. FG Gains From FX --This is why by HardMirror(op): 10:24am On Sep 04, 2024
helinues:
Even if he sells in dollars, that would ease the pressure on dollar demand in Nigeria and bring surplus which would make Naira to gain strength
the government does not need naira to gain strength. It is the masses that are feeling the need because we want things to be cheaper.
Japan also does the same thing. A weaker local currency is always good for the government especially one that earns in dollars.
Politics › Re: Dagote Refinery Can NEVER Crash Dollar To Naira. FG Gains From FX --This is why by HardMirror(op): 10:22am On Sep 04, 2024
Starboytwo:
pls this is an interesting debate that concerns everybody, could you let the two gentleman helinues/hard mirror have a decent debate pls? Don't derail, I use God beg you..

I have many questions since this Dangote thing came on board. One of the questions is being tackled here, pls, let see from different mouth and opinions. Abeg. No abuse, no trolling, but good and concise debate.

Thanks.
I appreciate your genuine interest.
It is simple. Never in Nigeria's history has the exchange rate every been reversed in favour of the naira. Naira depreciation did not start today, even when the 3 refineries were working, the naira was losing value gradually.
You have to understand that the Nigeria situation is unique and those in government see things a lot different from the masses.
As much as we keep feeling things are getting worse, it is not always the case from the government's perspective.

I am from Osun state and i follow the mt state's politics and governance closely.

Right now, Apc is unhappy that Adeleke is getting huge allocations no other governor has ever gotten. It is same with all states. They are generating more money from the exchange rate.
It is same reason Nigeria customs fix their own exchange rate too and always come out with record breaking revenue generated.
Devaluation of the naira is profitable to the government in MANY ways and DANGOTE refinery will NOT reverse it. CBN will be heavily challenged to cope with supplying the government with funds because salaries are not paid in US dollars they are paid in Naira. If Dollar value should crash, it would destroy all the money they want to spend which is already calculated in Naira including salaries.

Other countries WILL not pay DANGOTE in naira, they will pay in USD. We sell crude oil in USD.
All our exports are done in USD. The high exchange rate means they have more naira to spend.

It is the masses that feel the hardship of high exchange rate, but for the government, it is a good thing.
Politics › Re: Dagote Refinery Can NEVER Crash Dollar To Naira. FG Gains From FX --This is why by HardMirror(op): 9:04am On Sep 04, 2024
helinues:
Stop the referring, engage this with your own understanding about it. Don't refer to any news paper.

Could you?
read my explanation above. It is the 2nd post. At least i explained properly for anyone with common sense. It is you the masses that are affected negatively by the exchange rate. For the FG it is good and the states are enjoying higher allocations in naira than ever before in Nigeria's history.
Politics › Re: Dagote Refinery Can NEVER Crash Dollar To Naira. FG Gains From FX --This is why by HardMirror(op): 9:02am On Sep 04, 2024
HardMirror:
You talk as if you understand anything.

https://www.vanguardngr.com/2024/01/how-fg-others-gain-n1-05trn-from-naira-depreciation-2/

In january. The FG gained over N1Trillion from devalued naira and shared it in allocation. You think they pay allocation in dollars? You think states will want less naira allocations?
fact is, the naira devaluation is good for the FG.
Politics › Re: Dagote Refinery Can NEVER Crash Dollar To Naira. FG Gains From FX --This is why by HardMirror(op): 9:00am On Sep 04, 2024
helinues:
Chai

The annoying part about some of you guys is arguing blindly about something you only have half information about.

Please those other African countries with no refineries, would they be paying in Dollars or Naira when approaching Dangote to help them refine their crude?

The money the Nigeria government have been spending on importing and exporting of our crude oil for refinery that have been consuming our dollar reserves, with Dangote refinery, we save dollars.

Ordinary, Nigeria would serve as oil depot to other Neighboring countries, making Naira to gain more strength .
You talk as if you understand anything.

https://www.vanguardngr.com/2024/01/how-fg-others-gain-n1-05trn-from-naira-depreciation-2/

In january. The FG gained over N1Trillion from devalued naira and shared it in allocation. You think they pay allocation in dollars? You think states will want less naira allocations?

Politics › Re: Dagote Refinery Can NEVER Crash Dollar To Naira. FG Gains From FX --This is why by HardMirror(op): 8:52am On Sep 04, 2024
Those of you asking for dollar to crash, where do you whant FG to see the naira to cover expenditure?

The shock will collapse the government if exchange rate should improve. They are not earning enough dollars to accomodate a lower exchange rate. THAT IS FACT
Politics › Re: Dagote Refinery Can NEVER Crash Dollar To Naira. FG Gains From FX --This is why by HardMirror(op):
Let me break it down.

Imagine the FG earns $1billion dollars and exchange rate is 1500 naira to 1 dollar.
That will give the FG 1.5 Trilion naira to spend.

Now imagine that the exchange rate goes down to 200 naira to a dollar.
That same $1billion now worths only 200billion naira. Meaning the government lost N1.3 Trillion which it could have spent to pay salaries and other expenditures it has in naira.

Forget about dollar going down. It wont. Helinues. Read this if you do not understand what i am saying then that us your problem.
Politics › Dagote Refinery Can NEVER Crash Dollar To Naira. FG Gains From FX --This is why by HardMirror(op): 8:39am On Sep 04, 2024
Yesterday i saw a thread on front page saying "SELL YOUR DOLLARS NOW!"

THIS IS LAUGHABLE BECAUSE THAT THREAD IS WRITTEN BY SOMEONE THAT DOES NOT UNDERSTAND NIGERIA'S ECONOMY.


Nigeria makes money from FX rate. This is because we earn in dollars but spend in Naira.

With the current exchange rate, FG has more Naira to spend and they can pay more salaries and cover other expenditures which are all in naira.

If the exchange rate should go down, it means the FG will have less naira to spend



Read what senator Ali Ndume said here.

https://www.vanguardngr.com/2024/02/fg-benefiting-from-dollar-to-naira-spike-ndume/

Business › Re: Judge Orders NCOS To Give Detained Binance Chief, Tigran Gambaryan A Wheelchair by HardMirror(m): 10:20am On Sep 03, 2024
JADEK04:
you mean government should overlook all errors and corruption?
are you a kid? How is this employee responsible? His arrest makes no sense. He came to Nigeria to represent Binance in a meeting Nigeria government called for. This is equal to kidnapping. When he eventually sues the FG in future and the start seizing Nigeria's assets just like that Chinese company. you will understand better by then.
Business › Re: Judge Orders NCOS To Give Detained Binance Chief, Tigran Gambaryan A Wheelchair by HardMirror(m): 10:17am On Sep 03, 2024
dominique:
This guy still dey Nigeria? I thought they said America does not joke with their citizens abroad. I expect their troops to have invaded Nigeria by now with bombs and nukes to rescue one of theirs
Justice will be served in due time.
All adults who deal with real life and not sleep on nairaland know how the process works.

This man is only an employee of binance and Nigeria is holding him illegally.

Do you remember how that Chinese company seized 3 presidential jets in August? It took many years but they are now dealing with Nigeria as they should.

In due time this man will get justice.

Makes no sense that he is held in custody. Binance has removed the naira from their platform for over 6 months yet where are we today?

And I am sure you are too ignorant to know that some US Congress men have come to visit him. In due time he will get justice.
Literature › Re: Puebla Festival Uninvites South African Guests Over Chidimma Controversy by HardMirror(m): 6:27am On Aug 11, 2024
englishmart:
Will miss Nigeria organisers allow a non-Nigerian to contest in her pageantry?

Btw, the only reason this post is on fp at this time of the night is because the poster moved it himself.
i used to say the same thing until I learned she was born there. She has a right to compete there since she is a citezen. That is the only home she has known all her life. It is like saying Saka should not play for england because his parent are nigerian
Education › Re: The Illusion Of Black Magic: A Call To Embrace Reason And Progress by HardMirror(m): 1:37am On Jul 08, 2024
WantsandMore:
What's the difference between miracle, black magic and withcraft? Lol. I recall one time A guy on nl "HardMirror" I think was his moniker went hard on this topic with similar reasoning patterns as the op. Never knew how it ended....
Miracle is the experience of what we ASSUME to be impossible. Take note, the impossible can never happen, it is just that we humans love exergerration. As long has it happens, then it is not impossible even if the probability is low.

Black magic is not so different from street magic, it is just a con artist fooling people into believing in the supernatural.

Witchcraft is self delusion in believing you actually have some powers which you don't.
Education › Re: The Illusion Of Black Magic: A Call To Embrace Reason And Progress by HardMirror(m): 1:32am On Jul 08, 2024
MimiSheWrote:
I challenge them Please... My picture is already there, my name is Miracle, what else they need?

But ask yourself why hasn't any African witch doctor step forward to help NATO assassinate people like Putin, North Korea and Iran leader through a magical mirror? I'm sure the CIA will generously reward such person with billions of dollars for helping them accomplish an impossible.
no point engaging the fools. You have made your point, leave them to keep fooling themselves. People like these are easy to scam and would be scammed when the time comes. Stop pressing them on the matter. Idiots are not worth it
Education › Re: The Illusion Of Black Magic: A Call To Embrace Reason And Progress by HardMirror(m): 1:30am On Jul 08, 2024
Saturnalia:
I just looked at your profile picture and conclude that you’re just in your early 20’s.

Your brain is still developing and the hormones in your body are still rampaging in dissonance and so your worldview is parochial.

In 10years time, when your brain is fully developed, and when you’ve shed your skin of adolescence; You will come to understand the principle of polarity; that black magic & witchcraft exist, and they are different sides of the same coin and CAN NEVER BE USED FOR ANY POSITIVE ADVANCEMENT.
yet at just 20 she has shown more intelligence than an old fool like you. You could not even dismantle a single point she made.
Stupid people like you claim that science is witchcraft.
Education › Re: The Illusion Of Black Magic: A Call To Embrace Reason And Progress by HardMirror(m): 1:28am On Jul 08, 2024
Oloniyan:
Let them test one small aluwo on you to ascertain your opinion
another idiot
Education › Re: The Illusion Of Black Magic: A Call To Embrace Reason And Progress by HardMirror(m): 1:28am On Jul 08, 2024
ChangedMan1999:
It exist

I won't give you details

I am a man; I won't be running my mouth on something delicate like that


Believe me; it exists
you are a fool for thinking you are smarter just because you are a man. Look at how she presented her arguments so beautifully and look at the rubbish sexist comment you dumbo made.
It exists that is why your continent is a shit hole. No single benefit to the useless juju. You think if juju worked all, we won't see all these potentials she mentioned being realized?
Christianity Etc › Re: Christ Embassy Fire: Journalists Harassed, Asked To Delete Videos by HardMirror(op): 2:19pm On Jun 23, 2024
PressMyButton:
Enough videos are out there already, stop taking more. Go away and let fire fighters do their job. It's just common sense.
you are telling me journalists entered the fire or what? Is this the first time they are covering a fire incidence?
Christianity Etc › Re: Christ Embassy Fire: Journalists Harassed, Asked To Delete Videos by HardMirror(op): 2:09pm On Jun 23, 2024
PressMyButton:
They have the right to chase them away, fire fighters were already on ground doing their job. The journalists only wanted to take pictures/videos and sell their papers.
they can contain the area. Which one is deleting of videos?
Christianity Etc › Re: Christ Embassy Fire: Journalists Harassed, Asked To Delete Videos by HardMirror(op): 2:07pm On Jun 23, 2024
ebenezary:
why chasing them away for God sake
they were even threatened.
Not surprised.
There was a time BBC came to cover the church and they almost smashed their camera. That was about 15 years ago sef. That is how they are. Believe these people are followers of Christ at your own peril
Christianity Etc › Re: Christ Embassy Fire: Journalists Harassed, Asked To Delete Videos by HardMirror(op): 1:59pm On Jun 23, 2024
Watch from 1:10 and 2:21. This is just ridiculous. These churches are hardened deceivers
Christianity Etc › Christ Embassy Fire: Journalists Harassed, Asked To Delete Videos by HardMirror(op): 1:55pm On Jun 23, 2024
Christ Embassy is using the police to seize cameras and delete video showing the church burning.


https://www.youtube.com/watch?v=ll_aAoQR_F4?si=A27uLeEOAfIz6smh
Politics › Re: BVN, NIN Details Available On AnyVerify For ₦100 by HardMirror(m): 6:15pm On Jun 21, 2024
onadana:
And yet some people say they enjoy staying on Nigeria because they're first class citizens
can everyone japa? So you want 200millio people to japa?
Politics › Re: Eedris Abdul Kareem: Yoruba Muslim FASCIST Obidients Hate. What Changed? by HardMirror(op): 6:11pm On Jun 21, 2024
Stone03:
My brother, I am Igbo. I quite understand the strategy of Tinubu supporters to bring tribal sentiments in the current politics of Nigeria. I myself get provoked sometimes and begin to attack Yorubas, but honestly, there are more reasonable Yorubas both in Muslim and Christian religion, I have vowed not to be caught in the web of tribal sentiments.

Yorubas are great people!
thanks chairman. In my honest opinion, politicians are the ones causing this tribal hate.
Politics › Re: Eedris Abdul Kareem: Yoruba Muslim FASCIST Obidients Hate. What Changed? by HardMirror(op): 4:27pm On Jun 21, 2024
WizardOfNG:
@OP.

Sounds like me you are pleading with the IPOB lot without understanding this only makes them think you are weak.

You will see they will attack your username more as they never do Yorubas who backhand them instantly and don't give a fck about their hatred which stems from inferiority complex and envy of Yoruba anyway.

@Topic.

Let Obidients hate Yorubas all they want. Na today? One of my personal rule of life and success is never give a toss when those inferior to you hate you.

They are impotent and can't do shit like Eze of Ajao, languishing in jail when he threatened Sanwo-Olu, or the average Igbo who needs Yorubas far more than Yorubas will ever need them. Dont try to plead or reason with them. Haters inferior to you only deserve to be taunted and mocked.

Only worry if those who hate you are your equal or better than you which Igbos can never be against Yorubas.
not pleading with them. Showing their foolishness. Why i said they are stupid.
Politics › Re: Eedris Abdul Kareem: Yoruba Muslim FASCIST Obidients Hate. What Changed? by HardMirror(op): 4:24pm On Jun 21, 2024
sirchim:
My Bro, am never part of the Igbo's insulting Yoruba people, whether Christian or Muslim, I stand against it.
thank you sir. I hope we can all be like you
Politics › Re: Eedris Abdul Kareem: Yoruba Muslim FASCIST Obidients Hate. What Changed? by HardMirror(op): 4:23pm On Jun 21, 2024
Tochj:
There's a difference between A Real Yoruba person"omoluabi" and Agbado miscreant.
Real Yoruba person wants the country to work
He doesn't care about Tribe Party and Religion
But Agbado miscreant is a Tinubu asslicker
Tinubu told him to vote Buhari twice
He Agreed
Told him to protest against GEJ but don't cough against Buhari and use mock coffin on GEJ
He agreed
Agbado miscreant is still supporting the failed Leadership till now.
is it agbado miscreants now? What about the entire yoruba muslims? Are the not the most evil people in the world again?
Politics › Re: Eedris Abdul Kareem: Yoruba Muslim FASCIST Obidients Hate. What Changed? by HardMirror(op): 12:32pm On Jun 21, 2024
Zxcvbnmghtr:
But Osun people did not vote Obi so it makes sense if they talk trash about Osun people who will never ever vote Peter Obi. Simple logic.
I told a Yoruba friend in Osun that obi was going to win Lagos hands down. You know why? Cos I live in ikeja and all the Yorubas that are youths even the Muslims on my street were obi supporters. If that can happen in Lagos, why would you think Yorubas from other parts can't support obi, if not now, maybe later. By the way it is their choice if they don't vote obi. After all ibos did not vote Tinubu either. So just stop the Yoruba Muslim nonsense
Politics › Re: Eedris Abdul Kareem: Yoruba Muslim FASCIST Obidients Hate. What Changed? by HardMirror(op): 12:29pm On Jun 21, 2024
Zxcvbnmghtr:
But Osun people did not vote Obi so it makes sense if they talk trash about Osun people who will never ever vote Peter Obi. Simple logic.
since you have concluded they will never support obi, what is your plan going forward? To make them enemies? To gain what exactly?
Politics › Re: Eedris Abdul Kareem: Yoruba Muslim FASCIST Obidients Hate. What Changed? by HardMirror(op): 12:26pm On Jun 21, 2024
EmeeNaka:
Bridges are built on truth, not on lies. Obidients do not hate Muslims. But MURIC made it clear that Yoruba Muslims will only vote Muslim during the last presidential election and no Muslim in Yorubaland or members of MURIC countered that assertion. So, we are not at fault to suspect them as their architect of this current disaster. The MURIC members/ Yoruba Muslims has to apologise to Nigerians instead of blackmailing Obidients further.
hahaha. They don't hate Muslims but just like insulting Yoruba muslims
Politics › Re: Eedris Abdul Kareem: Yoruba Muslim FASCIST Obidients Hate. What Changed? by HardMirror(op): 12:25pm On Jun 21, 2024
EasternActivist:
I don't get you still... Why gaslighting people that voted Peter Obi


Didn't you vote for your own candidate?
obidients should stop the Yoruba Muslim nonsense. Being Yoruba or Muslim does not equal to supporting tinubu. No one is gaslighting idiots that think dividing Yorubas is a good strategy to win the Yoruba Christians. Very deceitful strategy and reason why obi was trying to use oyedepo to call the election a religious war.

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