₦airaland Forum

Roland17:
Brilliant but that was intended to be a cross to Sterling..

BlueRayDick:
Shebi una don see Raya now

SimpleGuy001:
even if dem no gree respect us, we go demand the respect from them by force

Altern8tor:
Chelsea should be 3up by now,,,chaiii

BlueRayDick:
We are just playing rubbish

Magnoliaa:
I thought this thing is just with me o. 😭😭

It happens like that sometimes.

That's why I leave my phone screen on whenever I'm scrolling through Twitter and I have to attend to something. Unlike before when I'll switch off the screen, leave it and come back to continue from where I stopped.

And then videos used you to automatically play when you open them. Now I'll click and click and click on the play button before it starts.

Tweets on your own profile are so scattered, it's hard to track. You will hardly get mentions.


That dude has just been taking Twitter from bad to worse. Imagine how many people have networked off of Twitter. People who needed jobs and prolly had no money and they just pitched to people's DMs. Now you must be subscribed to do so. Mtcheewwww.

GloriousGbola:
Look for the nnpc stations with Wayne pumps. The newer Wayne pumps are difficult to tamper with. Nnpc has a policy on pump adjustment (they all do) but it really depends on how easy the pumps meter is to tamper with. Apparently the newer model Wayne pumps are harder to Fk with.

By now you should have gotten the dual carburators for your gen so it can run on lpg. Though lpg is also increasing in price literally every day

Ibime:
Izzou,, itsrm, this should be why fuel is "evaporating" in the tank. Dem done already mix the ethanol

https://www.nairaland.com/7884819/blending-petrol-ethanol-save-n49

cbrass:
You are very very very right. The security was faulty so I asked the rewire to remove it,then it started a little then stopped,so we reprogrammed the car and everything started working fine. Thanks a lot.

raumdeuter:
Except its for the flex of being a landlord and able to collect rents in kind from female tenants its not worth it

I remember telling Olowu this sometime this year. Its even worse if you are planning to collect the rent and send abroad

5M Naira rent which was over $10k before is now like $4k

Emaprince:
Na my own worst. I wanted to buy when it was still 500, and there was numerous predictions of it hitting 700 soon, last year ..and with good money..cos I had that cash in account idle at that time.

Anyway, finally the money enter house matter.

BlueRayDick:
Like 10 minutes ago one oga here was telling me that when 1$=N700 they were contemplating buying dollars but decided against it. He was lamenting how much he would've gained If he did back then

larride:
They don't need any incentive. It's a matter of policy. Also CBN is their regulator, their operations will always reflect the policy of the CBN.

The current policy is that IMTOs source for their own dollar. Most of the IMTOs source for dollars from the parallel market. The CBN needs to change that policy.

You'll notice that most of these IMTOs exchange rate always mirror the parallel market rate because that's where they mostly source their forex from.

larride:
You are not going to have an exporting nation overnight, that is a medium - long term policy planning.

My suggestion is simple, bring all the players into the official market which will stimulate the official market with enough liquidity. Currently there are billions of dollars outside the market that if injected into the official market can stabilize things in the short term.

My suggested solutions are simple

Ban BDC and digitalize all forex transaction, this is to enable the CBN to track all dollar transactions from both demand and supply side. It will also eliminate those who are mopping up dollar for abritage uses. BDC has done more than enough harm to the forex market.

Bring all the IMTOs into the official market, all these players like Sendwave and the likes that operate in cross border payment. This will bring the needed liquidity into the official market as most of the diaspora remittance are through IMTOs. If the CBN can bring them into the official market, it will help with the liquidity that the market badly needed. Only $2bn of diaspora remittance last year pass through the official channel out of over $40bn diaspora remittance.

Lastly they can look for a way to bring crypto exchanges into the official market as well, they can provide regulation framework and all as we have alot of diaspora remittance that comes through crypto also.

These are my own suggested ideas on how these issues can be tackled in the short term.

Theflint1:
500K can barely sustain a family of four trying to live your middle-class life (I for say cannot, but lemme use barely). Cost of feeding, fuel and school fees alone don swallow that 500K finish. The cost of living crisis is very real.

liveLongNprospa:
How can a household earning 500k monthly still be struggling in this economy?

Omo apc is doing a madness

Segedinho:
https://www.nairaland.com/7882911/naira-hits-all-time-low-1152




We dey wait for "normalising" like larrides

BlueRayDick:
The same way u are making case for Umahi that there’s a gang up against him cos he has interest of the country at heart by building concrete roads; it’s the same way others can make a case that Umahi is only proposing a white elephant project like the airport he built in Eboyin where flights have not been landing for months .

Me I’m not for or against Umahi . All I’m saying is the reps thus far have not erred by temporarily suspending hasty adoption of concrete roads .

Let the Unahi’s proposal be critically scrutinized ; let him provide justification to the house as to the benefits inherent in adopting his proposal . Now let the house also compare it to that of Bitumen roads . Simple !

GloriousGbola:
Concrete IS NOT CHEAPER. I saw when they were rebuilding apapa oshodi expressway. All concrete roads have reinforcement. A LOT of reinforcement. And we do not fabricate steel in Nigeria. Some people will get very very rich off concrete roads.

A concrete road definitely costs more per km than a bitumen road.


https://www.perrinconstructionredding.com/blog/2018/9/25/concrete-vs-asphalt-roads-pros-and-cons-of-each

Segedinho:
Trial and error...