₦airaland Forum

What will it cost Poch to remove Gallagher

NinjaMetahuman:
I really really really hope it won't be same for him.

I really believe he will bah goals sha.

I hope so too.

And it's Liverpool anyway, Haaland also ghosted in his first match against them.

Doris4ever:
Comrades, am here again.
I have an offer for a rental.
1. Car is Corolla 05, registered almost toks.
2. Owner insisted on 40k
3. Repair less that 20k on driver plus servicing
4. Driver will drop off and pick up owner to a seminar at Ikeja 2 times every week.
5. Owner is insisting car will be parked in his house everyday and pick up every morning.

How una see am brothers.

Car owners are now being clever by half

Repairs less than 20k on driver. How many individual repairs are above 20k?

And he wants 40k?

Who would blame the car owners anyway. With the dashboards I see here, if I have a rental car in Lagos, I'll probably ask for 50k weekly.

NinjaMetahuman:
How did Jackson miss that.

Story of all our strikers, miss easy chances, lose confidence, downhill it goes.

Gallagher must not come out of the dressing room.

Chaii

Offside

At least, all these haters will keep quiet now

liveLongNprospa:
Lmao.. You'll still come and spend in naira and the value of things dey rise pass penis wey dey strop club.

That's the whole point na. Keeping up with inflation.

It's not necessarily meant to turn in profit for you. Just keep the value of your money.

ChristineC:
as long as you don't earn in FX, it's not sustainable. whatever you think you are getting depreciates daily and may very well evaporate before your very eyes.
I remember a transaction of $230k exchanged for that #50m less than 10 years ago. same property will require less than $60k if were today while a whooping $170k is saved.
even as an investor, if you try to sell it off now at #100m, did you really make a profit? you need to sell at around #215m to maybe break even after ten years. that's silly business.
most brokers in Ikoyi and VI never price their business in naira.
think about it.

You can edge against inflation. Someone on the Uber thread simply buys dollars and keep. That's one way. UCAP eurobond is doing 6.18% YTD, several stocks have also returned earnings double
of inflation rate.

These are just passive investments. I have not even gone into actual businesses.

BlueRayDick:
If u suddenly win 50m in SportyBet, it will be unwise to continue betting o. . The wise decision will be to use like 30m japa and use the remaining hold body pending when u will get something productive to do in the abroad .

Absolutely. Does not apply to all these "ojiji" money

Amigoss:
Bet 5million was hoooge money pre2015 and you refused to Japa because you're an intellectual investor but inflation and APC policy don useless the money today,what makes you think 50million won't be same in 8years time.....

You're not Dangote,Elumelu and otedola....No let village people use you,50million to Japa is a better investment than investing it in Nigeria

So you think 5m means the same to me now as it meant pre 2015 and 50m will mean the same thing to me 8 years from now as it means now



People grow you know? They also grow financially.

seankafor:
hmm, whatever gave you the 50m is not guaranteed to give you another 50m...

It can also give me more

It goes both ways

Nezzjnr:
No be to carry 20m buy Treasury Bills or invest for Mutual funds?

Use 10m dey alright

The options are endless. The 50m invested in a long term 10 year bond at a conservative 12% interest rate will give you 165m when you liquidate it while you continue doing whatever gave you the 50m in the first place.

Eurobonds is another good idea to hedge against inflation.

God forbid I use 50m to japa

ChristineC:
it's not madness. if anyone can afford it, still take the option. you are not really doing it for yourself.

I'll rather continue doing whatever gave me the 50m in the first place. I'll have more than enough to send them to any university anywhere in the world when it's time

This is the point where Japa to some countries is now looking like total madness

BlueRayDick:
💯

I think some of these grew up being privileged and protected . They don’t know there are thousands of people languishing in jail awaiting trial for as long as 10 years just for the most negligible misdemeanors.

If u tell them these things that can save their lives and that if their families , they will say u are supporting ur oppressors

Even if they grew being privileged and protected, you are seeing before your very eyes how a former CBN governor having just been granted bail by the court was rearrested in the premises of the same court by the DSS.

The former EFCC chairman is still languishing in the custody of the DSS, he hasn't even been charged to court.

Nnamdi Kanu was cleared of all charges by the court. The FG through the AGF came up with new charges and rearrested him

What of the lady who was said to be an IPOB informant, she spent 3 years in DSS custody

Inibehe Effiong was locked up in prison for one month for defending his client in a defamation suit against the state governor.

Sowore nko? The list goes on and on.


We are all seeing these gross violation of basic human right and court orders, the least anyone can do is apply common sense and stay out of trouble.

When you know you live in a lawless country where the rich and powerful have turned law enforcement agencies into toys they use however they want, the best you can do for yourself and those who depend on you is not to post anything defamatory that you can't substantiate.

Don't compare yourself with people living outside the country where the law works.

A word is enough for the wise.

.

TrebleChamp:
CBN printed this much money for Buhari Govt, and same Govt borrowed huge amount of foreign loans. That Zainab Ahmed woman sef suppose dey chop beans for EFCC custody like this...

Are you surprised?

More than half of the money they printed and the one they borrowed was stolen

monerozi5590:
I am not bothered sir Itsrm. People can call Buhari any name but calling him a thief or a currupt man is never true. Even his enemies will tell you this.

Please if you have time, analyse that Kelvin's guy tweets. I am not Emefiele's fan but I don't understand the negative reactions following that tweet. Emefiele will explain everything there with no sweat. Emefiele spoilt his name by going into politics and all while being the Governor of CBN sha.

CBN manages foreign exchange reserves. Is one of their core responsibilities. CBN Act 2007.

Foreign exchange reserves na assets held by CBN in foreign currency (dollar). I already knew where the Kelvin guy was heading to when I saw this three words in his posts. SDRs, foreign exchange reserves and IMF.

During Emefiele, it was non floating exchange rate. You need somehow high foreign exchange reserves to back the Naira against the dollar. We import almost everything including PMS. Like subsidy on dollar.

Yes, you can use foreign exchange reserves as collateral for loans, assets like foreign bank notes (dollars) make up foreign exchange reserves.

The Kelvin guy said the actual numbers are 50 percent of what was stated. No sane organisation or institution will give you loan without collateral.

Remember, you need high foreign exchange reserves to act as a buffer in the non floating exchange rate. Now let's say we have 10 dollars in our reserves, we borrow 10 dollars to add making 20 dollars. How much should be stated that we have in our foreign exchange reserves?

The question I expected people to be asking is why didn't Emefiele use SDRs to borrow from IMF instead of going to, in quote "two US banks" (no names). I know there are reasons for not approaching IMF, maybe constraints or something.


Buhari fixed the dollars so that things will not be too expensive even borrowing to back it up. People complained. Nigeria depends on imports, we all know.

Tinubu came and float it, no more subsidy. We can't afford it anymore. People are still complaining.

So I ask you, what exactly do we want? Until we start producing, exporting more than import and making Nigeria a very industrialised nation. The Naira will continue to depreciate against the dollars.

Dollar is the SI units of all currencies. Countries review their minimum wage with respect to the dollars to balance everything. I want FG to do the same. Not that dollars will rise and minimum wage will remain the same. Is a no no.

I don't even know where to start from

In other words, Buhari the saint was surrounded by thieves, he enabled and encouraged stealing but just never participated in it. I'm sure even Buhari will be shocked reading the bolded

monerozi5590 right now

OasisX:


Its our turn bro. Ẹgbe kiniyi wa, Àwalokan.

We don't do this in the Premier league. Only in APC

OasisX:
🙄🙄🙄

😂

OasisX:


EPL IS BACK!!!

Top Six Prediction


Manchester City
Arsenal
Chelsea
Liverpool
Manchester United ✔️
Aston Villa

Fixed

I'm just looking at the downward spiral of the naira and I'm wondering if any good thing has come out of this Tinubus government?

Ibime:
Homeowners using funds to Japa or finally realizing Nigerian rental yields are bullshit?

It's only in Nigeria a house that cost N50m to buy will be renting for N1m

This most likely. Some are already outside the country and are not making enough money to pay their school fees and settle bills.

As for the rent, before you even get that 1m is a big battle

Ibime:
That's Lekki

PH prices are holding or dropping and I suspect the rest of the country is doing same except Lag and maybe ABJ. I'm not talking rent here but purchase

For some reasons, there are so many houses up for sale these days. Buyers are the king. If you no bring down your price, they move to the next house.

Emaprince:
It's cheaper in PH compared to Lagos. I was surprised when I went to PH after election.

Here is going through the roof.

In surulere, 2bedroom flats are going for nothing less than 1.5m annually and that's not even a newly built house. You will get 2m to 2.8m for newly built 2bedflats.

My younger brothers landlord increased his rent from 600k to 1.2m, he said he would have even paid the 1.2 but he had wanted to leave before now due to the environment.

To get another house now don turn war, he's not seeing any decent 2 bedroom below 2.5m in the places he wants. And this is on the mainland.

People in Lagos seem to be working for their Landlords.

500-800k will get you a nice and standard 2 bed apartment in most areas in PH

Infact, with 1.2m, you will get a decent 2bed apartment in Odili Road and that's a highbrow area.

When you get to the 3m territory, you'll be renting a fantastic duplex

izzou:


[color=royalblue]If na this present day, and nobody dey to bail you out, na so we go see you for Instablog and Gistlover

Kai! [/color]

izzou:
[color=royalblue]For her to leave her phone and money at home, it wasn't a first.

I just feel for her...

And the old woman in the background was not ready to hear any story. [/color]

Reminds me of one time I was still job hunting. The company lodged us in a hotel in Ikoyi during the interview.

Na so I begin eat and drink things I could lay my hands on in the room thinking they've been paid for already.

Na when I wan checkout dem knack me bill my eye con clear

Had to call someone to bail me out. E for no dey funny

jceesquare:
Speaking from experience right?
Diagnoses can be tricky with limited tools.

Absolutely

BlueRayDick:
Good morning Prosper !

When I was arguing the bolded , u were busy believing the propaganda that fuel subsidy needs to go and Nigeria will be better .

I argued asking what government has done to deal with those stealing through subsidy , what has government done preventing smuggling of subsidized crude to neighboring countries and what has government done to prosecute those subsidy thieves we’ve always heard about ?

For the umpteenth time, that fuel subsidy is the only social welfare all Nigerians whether poor , extremely poor, averagely poor , middle class and upper class enjoy. The moment u take it away cos the government can’t deal with a handful of unscrupulous elements gaming the system, u are definitely suffocating those already in the lowest of low .

Some of us shouting about this thing are doing not even because of ourselves but those who don’t have anywhere or anyhow to adjust . Like me now , I’ve been privileged to receive hardship allowances to cushion the effect of the whole subsidy wahala …..but how many people have that privilege in current Nigeria where disposable income keeps reducing by the day ?

Na only the bolded part I see.

Do giveaway.