₦airaland Forum

PrinceEma:
That's why people are hoarding it in this country, cos when you deposit into your dom account, it's another way of bidding goodbye to your money. This, inturn, stoke the scarcity more.

People are hoarding cos they know Govt is no longer capable of supplying. Same situation is happening in Egypt, Tanzania, Bolivia and many other countries

A lot of these countries were not earning as much Forex in the pandemic due to global slowdown so their Foreign Reserves were going down. After the pandemic, prices started going up as supply chains opened up again, so now import dependent countries were paying more than usual, further draining their fx. Ukraine war now added to their dollar demand with price of oil going up, so all these countries now have weak foreign reserves balances and it's causing dollar scarcity

Nigeria is the only country that should not be on that list due to being an oil producer, we should have influx of dollars, but we are paying majorly to also import processed fuel, so we join for the matter.

raumdeuter:
Wetin he do? I know say he be Palestinian

He never talk ANNNNYYYYYYTHHIIIINNNG

Dem say Jewish label bosses tie him blockos

Some come dey reason whether all this "God did" na Allah or Yahweh he dey sing about

Bombblacks:
You are not adding context. All the teams they have won in games he didn't start are against smaller teams. Sheffield, Brentford, Burnley and Palace. With Tonali they lost to City at Etihad, Liverpool and Brighton away plus their biggest win of the season came with Tonali against Psg.

The context is in why he was dropped, the midfield wasn't stable when he partnered Joelington and Bruno

Basically he can only play if Bruno or Joelington are injured which was the case against PSG

But he cannot play in place of Longstaff. So it's not an indictment of him, he's a good player, just not a DM. And they won't miss him as they have equally competent CMs in Joelington and Bruno, infact they've already dropped him

PrinceEma:
Aboki no even see dolla sell again.

I'm seriously trying to get a couple bands...but every aboki wants to talk to some one that knows some one who might know some one that has the amount I need.

Or maybe it's all games because the price shoots up hourly.

If you have dollar account, you won't even be able to withdraw. Dollar shortage is affecting many countries now from Africa to Latin America.

seankafor:
tonali is nicknamed the next pirlo, he doesn't need to be a sitting dm, he even multiplies as a winger in some occasion..

He is versatile, agile and my kind of player

He no dey work for Newcastle system

They won every game he didn't start and only won one game he started which was the first game of the season

seankafor:
Newcastle really gonna miss tonali..

I really like his style of play

No they won't, it's a blessing in disguise for Eddie Howe.

He has been unbalancing their midfield. Between him, Bruno and Joelington, there is not a sitting DM among them. They play better with Longstaff replacing Tonali. They were losing almost every game Tonali started at the beginning of the season until they dropped him for Longstaff in the last few games. You can't argue with result.

Oh boy, the way dem dey drag DJ Khaled like Tiger generator ehn

Emaprince:
Is it me or is MTN datas vanishing like gas nowadays?

Shrinkflation sef follow for data?

I never even watch one UCL highlight this season.

Boehly do me strong ting

swiz123:
Eagle-eyed people will also notice that Enzo's lack of legs limits ibime's dog from running into the box to cause overloads -- something he is a little decent at.

Every tongue shall confess about chaos causer

BlewMahn:
That's all he knows how to do. Once e reach front of goal, e turn to mumu

And na striker o

Yep he sabi run with ball till he enter box, then he go do nonsense

But his record for Brazil under 23s suggests there may be goals in him, maybe going through confidence issues

PDPGuy:
I’m not sure the FG still spends that amount to defend the Naira, judging from its recent free-fall in value

Yeah they are not spending a dime but that's what they would need to spend to maintain peg, and they don't have anywhere near that kind of reserves. . .so freefall continues

raumdeuter:
, I think Kaka was even more direct and less artistic than the regular 10s Maradona Zidane Riquelme

And what would have been the fate of the old 10s in todays football


Ibime which player plays most like Kaka today? I am thinking Bruno and Musiala

Matheus Cunha of Wolves, open leg and run with the ball type of forward

Vl3ly:
dey play

You dey play

Dey celebrate say Ruble no lose pass half him value, while you get issues closer to home

Vl3ly:
e pain am 🤣🤣🤣🤣🤣🤣🤣

I can't contain my tears as a newly made Naira billionaire

E pain you

https://www.nairaland.com/7887008/naira-crashes-1210-us-dollar

Ibime:
https://www.nairaland.com/7887044/tinubu-moves-clear-10bn-forex

I don't think we understand the meaning of the above, that means say our Foreign Reserves don't exist. £20bln committed to importers and foreign companies and they haven't been able to honour any since February

Shey na PDPGuy say N2k by December, maybe before November finish oh

For context, Nigeria spends $12bln a year just a maintain the same price of Naira to dollar

Vl3ly:
💵 The dollar dropped below 95 rubles for the first time since September 13

💶 The euro dropped below 100 rubles for the first time since September 12‌‌ ibime how far

Central bank spending money to maintain 100 and banning sale of ruble for most companies. Just like last time, a plaster on a gaping wound

It was 60 this time last year

raumdeuter:
Blueraydick So if I am to follow this. I will just be seeing above 7m in my portfolio in 2023. Now think what 7m can do in 2008 and 10m do in 2023

It just barely passed it so more like 7.5m in 2023

When we get into the particular stocks you were holding, it will likely be under 4m or 5m unless you were primarily holding the likes of Airtel, Dangote cement, MTN, BUA cement, BUA foods, Nestle, Zenith, Guaranty Trust and Nigerian breweries which make up over 80% of the capitalisation of the index

afrodoc2:
Maybe because they came late to the party, but so did Northern Nigerians.

It's not because they came late to the party. Wahabiism is a recent phenomenon. Prostitution, sexual freedom and even homosexuality existed in Constantinople under the Ottomans

afrodoc2:
Yes they don’t. The Turkic people in Afghanistan are a small minority sef. The country is majorly Iranic not Turkic.

Even those Persians are usually moderate. Correct me if I'm wrong but Afghan is a Sunni society so those Pashtuns are drawing their fervour from Wahabis, not from Iran

mikeapollo:
If you are still abroad, it makes sense to exchange some dollars and invest in the NGX....there are many undervalued stocks and the rates of returns are still much higher than most stock markets around the world

Rate of return in Naira abi dollars?

Anything asking people to change dollars to invest in Naira denominated stocks at ATH is the work of village people

Though NGX recently surpassed 2008 highs, it is still ten times less in dollar terms, and most NGX gains are driven by a handful of companies

https://www.nairaland.com/7887044/tinubu-moves-clear-10bn-forex

Has Emefiele been released from jail?

afrodoc2:
Finally, they are Turkic people and I find that generally speaking they favour moderate Islam compared to their Arab brethren.

Turkic people no get any business with radicalism. . . except the ones in Afghanistan

BlueRayDick:
He sang one recently : Moses eh, Moses eh....

Even I no dey understand the guy language but his songs are spiritual

He say Moses saw the burning bush, but na him dey burn the bush (marijuana)

Best Naija music video this year, coming from my hometown. Fenibeso will be proud


https://www.youtube.com/watch?v=mISNA0bVpMA?si=V3xIil65xwXySR92

liveLongNprospa:
Their inflation rate

Prices are still going up, nothing unusual here

If something cost N100 in 2021, N150 in 2022 and N180 in 2023, the inflation rate is going down but the people are still suffering

2022 increase is 50%, but 2023 increase is 20% in the example above. It doesn't mean they are doing anything fantastic in 2023, it just means they have taken most of their price shock in 2022

liveLongNprospa:
Abeg..
Honest question, how did Zambia drop their inflation rate?
Like what did they do?

Elaborate please

BlueRayDick:
I honestly don’t know how much they pay them at that point. But if it’s ACCA fresh graduate without any prior experience he will need to first get a graduate job and after few months move to be able to negotiate something better based on his experience .

ACCA is treated as ICAN in Nigeria except u are working for a multinational

His ACCA comes with Oxford Brookes degree so they are treating him well

Na the return on CFA I dey investigate. Each exam na N1m plus and only 40% of people pass each exam, so the reward for having CFA in Nigeria must be commensurate with that risk and expense to make the investment worth it

BlueRayDick:
I don’t know about the entry level people but I know one bros own .

He will be 48 this year ; he currently works with a venture capitalist and he’s one of the top guys having worked with one of the aforementioned companies and hold a CFA charter .

He earns minimum of N102m per annum exclusive of other additional benefits .

NB: He works with a venture capitalist; these people buy companies manage for less than 5 years , build its net worth and sell it for good profit . So he’s entitled to benefits that are stated in monetary value in his entitlements

Na young ACCA graduate we dey talk, the dude above is late career venture capitalist, not representative really of the calculation that will go into deciding if paying for CFA is worth it

BlueRayDick:
I’ve modified my post

Do guesswork for me abeg 🙏

BlueRayDick:
U will get job as financial analyst for top of the range commercial and merchant banks like UBA, Zenith ,AccessBank, citi bank , Coronation merchant bank, FSDH, Stanbic , Stanch-art , etc…. ,asset management companies , trustees , capital market players , and even oil and gas companies .

U can get jobs with companies like Chapel Dengham hill, KPMG, PWC, EY ,etc for a senior role .

Thanks, what's the salary range for these

Itsrm:
I know that banks are always looking for those with CFA in their treasury department. One bank I know will only employ you in that department if you have Level 1. And being in that department comes with perks like prompt promotion every 2/3 years. Yearly bonus is also higher.

Most of them don't even stay long. Japa things.

Nice, what is the salary though