₦airaland Forum

swiz123:
Ibime knows why. He failed to put a man on the maestro Jorginho.

He had offered us this top analysis after the game.

seunny4lif:
I can see you are brain is filled up with goat semens, else you will know that ISIS bombed USA troops in Afghanistan not inside USA or did ISIS bombed USA civilians or troops inside USA ?

I was talking about ISIS attacking Russians inside Russia and Iranians inside Iran yet your goat brain is talking about Afghanistan.


The kind of brainless, you have become is unbelievable swapped I can see that they swapped your brain with Okpa when you were a kid, that’s the reason you always comment without sense.

seunny4lif:
Million dollar question ISIS can carry attack on Iran and on Russia the considered enemy of US but they never do to US which is actually ISIS's enemy or Israeli that have been killing their Muslim brothers for years?

Procashtips:
Not like I expected any sense from you but sensible people can see what Ukraine looks like using images from before these mentioned attacks and after.

Oya go back to posting charts.

Procashtips:
Russians never forget nor forgive.


Aftermath is going to be bloody.

DystopianMuse:
Russia is one of the most often losing country ever... 1856 Crimean war - lost, 1905 russo-japanese war - lost and revolution, 1917 WW1 - lost and revolution, 1920 war with Poland - lost, 1940 russo-finnish war - if you call it win... whole world is laughing till today, 1989 - afghan war lost, 1991 - cold war lost and revolution and total collapse of USSR. The only war they won in last 200 years was WW2 and only because they have changed sides because they were ally of nazi Germany till 1941 and together started WW2 with attack on Poland. They won in WW2 only because they were used by Allies as a meat grinder and got incredible amount of support from lend-lease (British lost 360000 man, USA 400000 man and USSR with its primitive tactics over 23 millions). They are one of the most pathetic countries ever. And now they have lost half of their army without even touching NATO territory, and most probably in next two years they will lost another half...

Kingsnairaland:
:Eventually nato they would have to face the Russian army and they would be defeated by russia for sure.

dvkot:
Why will ISIS attack Russia? when Russia is the only super power that supports Muslims?

BlueRayDick:
Iamoyindamola abeg which series dey ground?

I'm stuck on episode 4 of The Gentleman, Not really feeling the series like I've seen it hyped. It just doesn't seem like serious show. I don't even know how to describe how I feel about the show.

larride:
But it's the right and correct thing to do. Whatever loss they incur will be under fx devaluation loss. The CBN cannot and will not give them $$ at the former 460. They are jonzing.

Ellexy:
The FX spent within that time frame was what Oasis brought up as an excuse for why naira massively lost value against the dollar when Tinubu came in. He brought it up, I didn't. .

larride:
Please check your DM

timbros:
No be only swift

Oga, our defence is very very okay.

LordAdam16:
It's not necessarily sensationalist.

Since the demise of Binance P2P/NGN Spot, the parallel market rates (both P2P and Aboki rates) now track the CBN rate.
https://www.cbn.gov.ng/rates/ExchRateByCurrency.asp
Thus, the CBN can now manipulate both the NAFEM and Black Market rates.
All it has to do is sell a tiny amount in NAFEM at a super low rate, and it'll drag down its rate as well as the NAFEM and Black Market rates.
In fact, yesterday it sold at 1350 and that's what dragged the NAFEM rate to 1492.
Today's CBN rate would be less than 1450 and P2P/Aboki will buy at less than 1400.

Why is all of this happening?

Let's circle back to February.
The CBN made a backroom deal with foreign investors.
It'll dramatically increase the fixed-income rate.
The investors will bring their FPI dollar to buy the naira-denominated TBills.
And thanks to the $ inflow, the CBN+FG will use a combination of unorthodox and orthodox measures to drive down the exchange rate.

It's a no-brainer.
The early birds brought in $500m+ (closer to $1B) at 1600+ rate.
And that's why the CBN sold an unprecedented N2.5T in TBills in two weeks.
https://nairametrics.com/2024/02/23/cbn-sells-another-n1-58-trillion-in-treasury-bills-interest-rate-at-19-for-364-day-bill/
A cross-section of analysts from the bulge bracket expect end-of-year rates to be lower than 1200.
Which means their expected ROI is to be 19%+ from TBills + 25%+ from naira appreciation.
At least 44%. Risk-free.
It's the play of the year.

Now, the CBN is keeping its side of the bargain.
We're in Spring. Dollar demand is habitually low this season.
In addition, the aforementioned high-rate fixed income pivot drove $ demand lower.
So it's remarkably easy for Cardi B to manipulate the rates.
Whatever his target rate is, he can get it with a few million dollars.

The first big test will be this Summer.
Demand will surge.
All the people who balked at vacationing at 1900, will splurge at 1200-1400.
Import numbers will rise.
In fact, in the short term (over the next few months), the humongous bill of this sly plan will become apparent.

All of that said, we should be looking at a couple of months of FX stability.
This is an unambiguous positive for the administration.
I still think Cardi B is in over his head.
But he has got his hard-fought W... for now.
At least, businesses should begin to notice an uptick in economic activity and those who had suspended japa plans should get back on the horse.

-Lord

Ellexy:
The CBN injected that amount into the economy between January - July 2022. That's almost a year before Tinubu was sworn in. From August 2022 to May 2023 was CBN still doing the same?

Ellexy:
In between that time frame naira was fairly stable till Tinubu got sworn in, made a reckless subsidy gone speech and everything spiked overnight. What caused the sudden spike on all fronts? Emefiele's defence of the naira 9 months ago? Lack of fx to continue defending the naira?

Ellexy:
Excuses excuses excuses every time. You and Tinubu should off the road joor.

The same Tinubu that told Bụbu to print more notes, same Tinubu that Bụbu and co were following his economic blueprints, same Tinubu that said he'll continue where Bubu stopped.... I can go on and on.

It's time to show workings, not time for giving pathetic excuses up and down like his predecessor did for 8yrs.

Griffon:
Ibime what do you make of Otti’s counter-claim that his administration hasn’t borrowed the figures being bandied about in the media?

Don’t you think that could be the opposition trying to play a quick one on him?

obainojazz:
https://www.instagram.com/reel/C4sZ-09qwXC/?igsh=MWQ3aXVzaWNianY0Mg==

This man talks sense

larride:
Last weekend a memecoin called "MUMU" went on a run to over $5m MCAP. As expected within 5hrs later, they rugged it.

liveLongNprospa:
Ibime howfar you fit confirm as per your deep ties 😮‍💨

https://twitter.com/PIDOMNIGERIA/status/1769744130568052844?t=15yqC6DFjUwBvzOsXVt6Hw&s=19[/quote]I no sabi anything for Delta. Na from internet I dey get gist

Na Urhobo boys kill those soldiers so it has nothing to do with Ijaw

https://www.nairaland.com/8033206/real-causes-crises-delta-which

diggz:
Thanks for replying so quickly. Chaiiii…….I hail thee!!!! You be really AgbaAccountant!

Meanwhile, am I safe to say that this can only work for used cars? The reason I ask is because I bought my madam a brand new Audi in 2021, and the current market cost is almost half the price on Auto sites and less than half if we're looking to trade it in with Audi.

Do you consider the mileage on the vehicle when calculating the cost per year? Also, what’s your definition of midrange cars? anything below £50k?

I am currently in the market to buy a car. Is there a way to purchase the car one desires without losing a significant amount of monetary value, as in your case? Or do you generally recommend avoiding brand new cars and opting for used vehicles instead?

diggz:
Hafa?! which type cars depreciation no dey more than £1.5k per year? Abeg I need this info asap. Thanks.

larride:
I have seen the Last Kingdom to the end and the way Uthred of Bebbanburg just dey get victory dey always make me laugh. The man na idan gangan.

I get what you mean sha but if it's an historical events, there's not much they can do when it comes to plot since they are telling a story that already exist. That's just my opinion anyways.

larride:
It's an adaption of the book and the producers say they will stick with the book.

Also the book being about a history of a real man and historical events means they won't have much leeway for much storyline creativity in how the series pans out.

swiz123:
Felix shaming ibime as usual and worse still, against his Griezmann.

WhoDeyHause:
I've already apologized before but I'll do it again. To every sports section member I dragged the signing of Palmer with cause of holy boehly. I'm sorry brah.
I didn't believe before but now I believe.
Cause this boy too good. 🥶

Incognito9:
Carney

A good rastafarian

Obere4u:
Please is Rashford faster than Gordon this season?

I am of the opinion that Gordon is faster and a friend said it’s Rashford

WhoDeyHause:
The only righteous rastafarian.

swiz123:
Mmadueke who is being brought on to score sagged his shorts.

Our recruitment team should be queried.