₦airaland Forum

What is so special about BRICS?
Is this the first time we will have creditors and debtors coming together?

Shurtman79:
Wahala ni dey finish.. can someone help me to solve this

Nothing to solve!

obi58:
There is no commodity that has an infinite supply. The price of every commodity is an interaction between its availability (supply) and it's demand. Both forces work together to determine the prevailing rate of the commodity. Saying there is no excess demand of FX is too one dimensional to say the least.

Now to the issue of FX.

The quantity of fx made available by CBN for fuel marketers and importers to purchase on the official market is limited due to our hamstrung oil earnings and loan obligations yes. However, there are fx demand components like that of oil imports which if addressed will reduce the pressure on our reserves not just because there will be increased earnings but because the existing scarce resources can be saved or better utilized on more deserving sectors of the economy. This importation component is part of the excess demand I refer to.

Forex is not a commodity.
It serves a specific purpose and there is a point at which it sufficiently meets all demands.

You don't need an infinite supply to meets the demand for forex or any other resource.
A condition of glut is commonly met without infinite supply.

Larryton:
There's nothing different about Ekiti, I am proudly from Ekiti state, and I can tell you that Ekiti state dialect is even similar to Akure own, Ekiti used to be part of Ondo State before it became an Independent state. I am sure you know nothing about Ekiti state or are you trying to re-write my own history for me?

The guy is sickly funny.
He want to put people in group they don't want and also remove
others from the group they belong.
I have never seen this level of delusion.

Enugupikin:
If you know Yoruba very well you will confirm that Ekiti has totally different language from the usual yoruba unlike ikwerre that is 100% igbo

So if ikwerre are not igbo Ekiti people are not yoruba

If Wike is not igbo, then Dele Alake is not yoruba

In summary, an Igbo man is the minister of FCT, first of its kind from the south

SMH
Ife, yes Ife also has a local dialect.
Therefore, Ife are also not Yorubas, right?


If you are not dumb, you would let people decide for themselves who they are.
Instead of panicking, cajoling and threatening them to choose what you want.
It is not for you to decide.

obi58:
You are the one who has been cajoled. Maybe you're just a paid influencer deliberately spreading misinformation.

Naira dévaluation is as a result of excess demand (importation) of FX over supply (oil and non oil exports).

There is no such thing as excess demand in forex.
It is always a question of limited supply.

A good chunk of our limited FX is spent on fuel imports when as an OPEC member state we should not just be refining but selling the excess to our countries which will boost our foreign reserves. This will insulate our economy from oil price fluctuations on the international market and reduce the demand for FX thus strengthening our Naira and reducing inflation in the country.

OPEC is just a quota fixing cartel!
It has no significant bearing on a country's economic power.

I am not sure you read your own answer.
Why would you blame the problem on "excess" demand and then turnaround to prescribe
a supply solution(earning)?

You are obviously confusing cause and effect.
Again, there is no excess forex demand.

Globetrot:
Mali is a poor country that is managing itself after it purged out the democracy that has been subservient to the west.

How can Mali be a poor country when it has removed "corruption"?
Don't you know when a country remove corruption, they become extremely wealthy.

YourMrBoo:
Can't they just map the money to revive some refineries and crash fuel importation killing the forex and inflating fuel price

This one has been cajoled.
Forex crisis is a crisis of earnings, not importation.

SmartPolician:
Oga, this is no peacekeeping. It's an attack!

What did you think happened in Liberia?
A handshake?

Globetrot:
Is Egypt not doing well now,see democracy in Nigeria and Cameroon, sometimes the stew needs to be stirred properly else scums float on the top.

Egypt is now a democracy!
Mubarak lost power due to civilian uprising, the military just filled the vacuum.
Why did you skip Sudan and Mali in your example?
Don't you love the progress they are making so far?

SmartPolician:
What charter empowers ECOWAS to assemble an attack force against a member state? The last time I checked ECOMOG is for peacekeeping operations.

This is also a peacekeeping mission as the one ECOMOG embarked on against Liberia.

Its just a skit.

According to undisclosed sources

AKA fake news.

Fake news from hungry blogger.
Please provide the original full judgment transcript if you are not lying.

Birdbyrde440:
Since you say it only my relatives, pls ask your older relatives to tell you the real owners of dangote refinery so you can relate and educate us on it mtchew

You are just another brainwashed conspiracist.
Your old relative is much smarter than you for living in reality.

Dozie32:
Wike is a joke to port Harcourt people. An idiot that sold his people because of his ministerial ambition

Who are Port Harcourt people?

Kingosytex:
Tinubu goofed by giving the loud mouthed Asari a platform. Man is just too noisy and unstable and I wonder how on earth he is a warlord.

Addenum: If Emefiele is being tried for possession of a pistol, then Asari should be locked up and the keys thrown into the ocean.
Justice must not br selective.

How did you think Asari got his weapons?

Hpesoj:
I'm sure if you were around during Obasanjo' government you'll know that Bola Ige was of the opposition party. Also, Yar'adua's government has a number of ministers from the opposition party.

Don't mind them.
They are either underage or have selective amnesia.

There is no cash crisis!
Stop spreading fake news.

Samsunny99:
Nigeria population is about[b] 250 million,why not share $1 billion US dollar to every citizen[/b] to solve the problem of poverty or why is it so difficult to implement

Simple Mathematics?
You just proved that math is not simple.

FFK is dumb to reply an unverified quote.
Well, he is looking for settlement.

obinnanelson04:
I believe that those who benefited from the subsidy regime are holding this nation to ransom.

Are you not one of the beneficiary?

raskymonojendor:
Are the subsidy cabal going to win..

Mention their names!

Laughable.
"Man with balls" PR is dead if this is true.
Ability to inflict pain should never be seen as bravery.

hmm

primeache:
Close all foreign currencies account and liquidate to respective naira account of holders.

This is the only option now to control the dollar and also minimize corruption and pressure on the Naira.
Many people are holding foreign currencies they do not need

If you do that, that is the last dollar you will ever steal.
You think people who operate dorm accounts are fools?

ok

BoldBrainz:
Anambra people may have a thing or two to say about your last claim.

If it is the same Anambra people who launched vicious online assault against Obi while in charge.
I wouldn't take their words seriously.

kokoA:
What are the boys doing these days?

Alpha stuffs, you know.

I hope one of you has hard evidence and is willing to come forward.
Else, nothing will happen to him and he may even sue.

favor914:
Naira is purportedly crashing because we have so many lazy people like you that add no value to the country, what we call economic Almijiris.

No, dumb gullible people like you who get fed propaganda are the real problem.
How I wish there is an IQ test to get voters card.

BTW, an e-LovePeddler like you shouldn't be talking about value.
Not only are you useless to the economy, you are a drag on us all.

[quote author=FutureRecord post=125109347][/quote]Do not mention me again or I report you for spamming and stalking.