₦airaland Forum

Unlimited22:
So who's taking the blame today?

Maguire, Fred, CR7 or DDG?

Mount

BlueRayDicks:
Me and u dey together inside this boat. As much as we might want to troll him for being a fraud based on what his supporters sold to the people as being strategic, master planner and other things he's not; the koko be say he's retracing his footsteps and not foolishly insisting on following through with some of the ridiculous policies/decisions he took.

The bolded really cracked me up.

Even his die hard supporters have stopped the he did it in Lagos, he will do it again mantra. Everybody eye don red

Incognito9:
🤣🤣 Dem go feel it

Na spurs dey lead, na manutd dey defend 😂

It will be a long season

You'll think Manutd is the one leading

Larry1960:
Wait ooooo is it that guy never sell that car since 2019



Oooh he must have sold it

Noo, he has sold it. A 2013 Camry in 2019 has a asking price of 3.8m

The equivalent car, a 2017 Camry in 2023(6 years post production) now cost 9-10m naira.

Larry1960:
Tinubu has destroyed this cuountry


I wonder why riot never dey street

Felicity001:
Hahaha...

2011 is different from 2008/09/2010 which are all the same, venza engine i4.

2011 is different in body built so you don't expect the price to be the same as 2010 or 2007.

I came across this thread in the early hours of the day. Just look at where we were in 2019

https://www.nairaland.com/5405435/toyota-camry-2013-se-abuja

monerozi5590:
[/b]


The bolded is one of the reasons Emefiele stopped selling dollars to BDCs in July 2021. He said they are contravening their licences and FX regulations. He called them agents that facilitates graft and corruption. Emefiele started dealing with banks only because they are easier to regulate. This caused scarcity of dollars in BDCs and the gap between the official rate and parallel rate widens the more. Everyone can argue where they belong to. What happens when there is reduction in FX inflow? That's another question.

The exchange rate is one of the big reasons the price of fuel keeps jumping up until FG intervention. Johnson Chuckwu, an Economics said Tinubu should not have allowed two variables to move at the same time. That perhaps, we should have hang on on the exchange rate. Then market forces will then determine the price alone and not exchange rate.

The exchange rate is the reason Rotus and Rufai keeps fighting. Rufai is for fixing and Rotus is for floating. Rufai said FG has the money to fix and Rotus told him FG doesn't have the money.


Looking back at 2012. Buhari my man said it is a scam. Most Nigerians protested against it. Sanusi, NOI and others predictions if subsidy is not removed in 2012 are coming out right.


Should we continue to borrow borrow borrow and come to a default level or we should take those hard decision to reposition the country? To reposition the country just like Tinubu said should be the focus but should be guided like one step at a time.



Corruption is one of our problems and I pray we take it seriously.

I absolutely agree with this. Even those of us with elementary demand and supply economics we learnt in secondary school knew floating the Naira will be a disaster.

Were it not for this temporary measure they just took, we easily could have ended up buying fuel at 1500/litre and the economy will be at the brink of total collapse.

Like I said earlier, I'm glad the old man is finally coming back to his senses and reversing most of his idiotic policies.

When they are ready to make the country work, we will know and will be ready to support them by bearing whatever pain we have to bear.

Felicity001:
Ah! I no go lie give you 4m won't buy you a 2010 Toyota Corolla ooh... Lolzzz

2007/08 with a clean title now is over 4m.

We just cleared a 2010 Pontiac Vibes last week here with 2.850m... clearing alone ooh. Clean title cars always have high clearance fee.

You'll have to budget 5-6m bro that's the honest truth.

Some importer will even demand 7m

So be prepared ooh unless you want a salvage car.

4m was last year price not this present time.

I even priced a 2011 earlier today. Them say na 7.5m

I didn't even bother to ask for the last price

Felicity001:

You people will not kill us in this thread
Lol

See cruise

😂

Expert17:
Enzo play wetin, lol....
You guys will keep more CS this season but you see goals...una go find am tire 🤣🤣

The missing key is Nkunku. If he can stay out of the hospital, the team is good to go

My own balance after spending 100m last month

The good old days

larride:
Any BDC that will be getting fx from the CBN will follow stringent procedures compared to how the banks do round tripping by selling to the same BDC while claiming there's no fx on ground when customers come to buy and then direct them to BDC guys inside the same bank.

You remember one time when all you have to do to buy Tbills was was get a form at the bank, fill and bid at your own rate. If successful, your account gets deducted.

Maybe the CBN can do something like that for the Dollar. Everybody bids to get it directly from them eliminating both BDCs and the banks.

OasisX:
Banks are compromised bruh. They sold back to same BDCs, better to kúkú deal with them directly.

Good point. And I believe the BDCs are easier to sanction.

This is why the Naira has been appreciating. CBN will soon flood the market with the dollar at 750+.

https://nairametrics.com/2023/08/18/cbn-brings-back-bdc/

I wonder why they are not just giving the dollar to the banks considering the fact that they are easier to regulate.

Spy360:
Worth watching...

Dr Mahdi Shehu: no hold back


https://www.youtube.com/watch?v=GKBDqx8nPUw

Bookmarking this interview for reference

Ibime:
Naira rising for one day is not evidence of it working. It's just sign of Government intervention/speculators on that day. Unless Govt plans and has capacity to intervene everyday, it will find it's square root slowly but surely over time. Nigeria spent over $12bln defending Naira last year so I'm not sure how far $3bln will go

They will need less $ defending it at 750 than they needed defending it at 450 last year

Also, with round tripping out of the picture, the demand for the $ will be less.

nedekid:
Maybe,
Back on the day, had the first galaxy tab 2, when it just came out 2012 or there about. That one crashed one day, will boot to a level and will not go any further. Later I had the galaxy duos phone 192.. Something model, cannot remember exactly. Infact it was in Dubai as it was launched I bought it before it came to naija. One day the phone just went dead. New phone oh. Sent it to Samsung service center in naija. The phone was there for months before it was fixed. Since then, I dumped Samsung for Huawei.
When the Samsung works sha. It is quite good.

My experience has been completely different. Been using Samsung phones since 2016 and I get a minimum of three years on them before the issues start

Kizyte:
It's a nice device, super fast and gives you a flagship feeling, but despite the 4500 mAh battery it comes with, it drains below my expectations. Still love the phone though.

Change your refresh rate to 60Hz. You'll find it under motion smoothness in your display settings

nedekid:
After a while the phone starts acting up, screen malfunctions, phone generally acts up. Seems unique to Samsung devices.
One thing you must give to apple products is that they retain value. An iPhone that came out same time with this samusung will sell twice the price.
The Samsung is a beast no doubt.

It's only unique to the S20

BlueRayDick:
As in…. It’s just like asking that AriseTv owner to go full anti-government . He will lose his investments in AriseTv and ThisDay newspapers in the blink of an eye. Those guys have hundreds of mouths to feed.

It even gets funnier when you remember that the David is hiding in Ghana

He should have stayed back in Nigeria so we see how uncompromised he actually is

And if you go tell am this thing he will block you.

I can't really seem to enjoy that twitter. Everybody just acting like zombies because they don't want to be blocked.

BlueRayDick:
I don’t agree with David on the bold. He’s making a huge accusation he can’t back up with evidence .

The media in Nigeria is regulated , they are bound by some laws and ethics unlike David . They can’t just make bold and be relying on videos posted by terrorists, they can only rely on official government’s account of the story .

It’s good we have people like David and other independents who can be checking the veracity of government’s account of these things , but we can’t accuse the media of cover-up when we don’t know if they actually have the information or May run into trouble for posting unverifiable evidences

Exactly. David has nothing to lose.

Those with hundreds of millions of Naira in
investments will not throw it away.

Roland17:
I no sabi wen phone just drop from my hand after watching only 10 seconds of that video.

This is sad.

I couldn't finish it as well, heartbreaking

Wives have become widows and children no longer have fathers. Sometimes I wonder what motivates people that join our armed forces. I can't seem to wrap my head around it.

BlueRayDick:
Do u blame them for trying to enjoy what our elites enjoyed for years?

I watched one Kemi Olunloyo's video recently and she talked about the live they lived while schooling in the UK back in the days. She talked about how Bukola Saraki was dating Toyin Ojora and when they fought how Toyin's mum Ojuolape Ojora had to fly to the UK to settle their quarrel. These were teenagers whose parents were accessing pounds through the form A u described above to pay their fees. Dem Fani Kayode, Bianca Ojukwu, Kemi Olunloyo and other children of the elites then. These people don dey spend naija money since they were teenagers

Na when middle class begin emulate dem to enjoy some of those privileges dem block am.

Well, whoever wants to school abroad should pay for it.

Whether it's politicians enjoying it or the middle class, the whole idea of Form A has never made sense to me.

liveLongNprospa:
Ahn ahn.. You know they all did this?
I didn't realise you had the ability to do kage bushin no jutsu and be in all their homes to monitor their finances.

Chuunin🤲

You know I considered this japa thing before abi

I did my homework. I really did.

liveLongNprospa:
Ahn ahn.. If these ones dey complain dey who am I not to? 🤣

Only yahoo boys and politicians are not complaining

BlueRayDick:
Someone I know who paid the final part of his daughter's M.Sc school fees in the UK shortly after the subsidy removal & floating of naira; the daughter had to call him specially and started raining prayers on his head. She told him that some of her school mates who did self-sponsored japa are stuck and are contemplating dropping out of their programmes.

The thing really affect people gan o

I no even too get pity for those ones. They were part of the problem.

You know what they used to do? When it's time to pay school fees of say 2k pounds, they send it to Nigeria at like 900 to a naira, collect 1.8m, apply for form A through the banks to pay the fees at 550 to a naira which comes to about 1.1m naira. They keep the remaning 700k. So for every 2k pound they need to pay, the actual money they need is like 1.2k pounds. Now they have to cough out the entire 2k pounds.

That's why they are all crying.

I said it before that except you're stealing money, everyone is feeling the heat

So Shell Petroleum workers have gone on strike over the fuel subsidy issues and the general economic issues.

1. The fall of the Naira has affected most of the workers that have kids in schools abroad. They can't pay for school fees

2. The fuel subsidy has increased the cost of… pic.twitter.com/ygqFs2iWGH

— Morris Monye (@Morris_Monye) August 15, 2023

Thank God the old man is finally coming back to his senses

Trevor012:
New signings dey always sweet all these shekpites. We will be hear to read lamentations and gnashing of teeth from shekpites like Itsrm, whodey12th and sportsweb as the season progresses 😂😂

The joke is on you bro

Trevor012:
Bring out any of your wingers that will outperform Starboy Sancho this season

Trevor012:
Cavani better looks for another number with immediate effect cause Starboy Sancho has arrived

Starboy Sancho arriving Manchester United

Pearl1910:
You are not interested in politics and who governs u, u don't even vote. But na u complain about public infrastructure pass. Well-done. U think u r doing me? U r doing yourself.

Can you blame him? Millions of people trooped out during the last election. What was the result?

Majority of them have now sworn never to participate in elections again.

ksmart027:
And i know the target you are referring to

I no wan talk