₦airaland Forum

obiekunie01:
Th only honest person here.

Many dont understand what America is playing at but rather pretend to know.


The thing is, USA JUST SET IRAN UP BETWEEN THE DEVIL AND THE DEEP BLUE SEA.

IRAN BADLY NEED THE MONEY - AND IRAN KNOWS IT IS A MONKEY AND THE NUT IN THE JAR TRAP.

BUT THE MONEY IS TOO TEMPTING FOR IRAN . . . SO IRAN WILL COLLECT THE OFFER HOPING TO FIND A WAY TO BEAT AMERICA TO IT.

IT BE GAME OVER FOR IRAN IF THEY DONT TAKE THE OFFER. AND GAME OVER FOR IRAN IF THEY TAKE THE OFFER. . .

'Beat America to it'. Like seriously?

The money for their crude would be deposited in an account that Iran has free access to. They're are not exactly drilling crude, loading it unto ships and then giving it away for free. Their oil infrastructure wasn't built on dust.

You don't even need to belabour this. The oil would be likely paid for in Yuan. Good luck with the U.S trying to make China enforce a sanction on Iran. Afterall, China has been buying oil from Iran all this while and the U.S is now a net exporter of oil hence lacking the buying leverage it once had.

SpencerForbes:
....

Worst of all, while the oil is moving to keep global fuel prices stable, the money is still trapped. Financial systems are still on lockdown, so the revenue is basically "Audio Money" sitting in accounts Tehran can't touch.

Basically, the US is taking the oil to kill global inflation while keeping the pressure on Iran exactly where it is. Masterstroke.

So you really think Iran is pumping oil today, loading them unto ships and selling them without getting paid money they can utilise in return? Sometimes, think things through. Their oil infrastructure wasn't built with dust

HustlaOfLagos:
LOL When you see oyinbo praising you and your jollof, when you see them rolling out the red carpet for you so you and your illiterate supporters can brag about being the first one to receive that as a Naija President, just know they are whinning you and about to fleece you.

It was obvious to the blind that the deal will not favor Nigeria in any way or form but we love optics more than sense but I guess they need headlines to tout as achievement for their useless election next year

When I read about jollof, I just dey shake head. I hope our trade envoy were not just enamoured at all that was going on around them but rather negotiated strongly.

Also, it seems it's cash that'd be given to 9ja - a good chunk of which would be transferred to British coys to support the British economy. My main worry now is that the unentangled cash we receive is used judiciously to see out that project - not looted and siphoned back into the British economy. That is how western nations rip off African counterparts twice. First by giving loans with unfavourable terms, second by making it easy for those monies to be looted and send back to western nations. The borrowing nation then has to pay double- first for the loan and secondly for a project which never gets completed.

BTW, where was Kemi? Doesn't appear she met with the envoy. Or is Is she still avoiding her 'mortal enemy'

lavida001:
White pipo will always defend their own. The earlier black man know his place the better for all of us.

Where do you think is the place of the black man?

Goke7:
The real fear which one of us has emphasised here before is the exit from the care sector of these workers when they get ilr 😂 but let’s continue to gaslight ourselves. They have to continue to use the benefits thing to justify their excuses. Already oversea care workers have been stopped so I wonder who are they still importing into the country!

I used to think this was a factor being considered but frankly with recent events, it seems Labour are just grappling at whatever they can to increase their popularity. Other parties aren't too different. We can see how Kemi and Farage quickly backtracked when they saw the public was not in support of Trumps war against Iran.
Labour are the ones who gave a platform to rightwing gossip about healthcare workers in the hope that they could win some votes. Now the Greens have startled them and many of their MPs seem prepared to revolt, I wonder what excuse they'd use to backtrack.

LONDON, March 19 (Reuters) - Britain and Nigeria announced a 746 million pound ($990.32 ​million) export finance deal ‌on Thursday to fund the redevelopment of two of Nigeria's main ​trading ports.
- UK Export ​Finance will guarantee the investment in ⁠the refurbishment of the ​Lagos Port Complex and the ​TinCan Island Port Complex.
- The loan will be coordinated and arranged by ​Citibank.
- The deal is expected ​to result in 236 million pounds ‌of ⁠supplier contracts for British firms.
- Benefits include a 70 million pound contract for British Steel, ​described by ​the ⁠government as a major boost to Britain's steelmaking ​industry on the day ​it ⁠announced a new strategy to help the struggling sector.
- Deal comes ⁠during ​Nigerian President Bola ​Tinubu's state visit to Britain.
https://www.reuters.com/business/finance/uk-nigeria-agree-billion-dollar-export-finance-deal-refurbish-ports-2026-03-19/


Just look at the terms. Basically, we're getting a pound denominated loan from the UK. First is that we'd need to pay interest on this and also pay back the capital in pounds - forex we'd have to source by selling our stuff. In essence, Britain benefits.
Secondly, a good chunk of the money would be used to buy British products at possibly inflated prices. We most certainly would have got inputs at cheaper rates if they were sourced elsewhere.
What's the interest rate on this loan again? Nothing mentioned so far. At least with most of the Chinese loans, their interest rates are publicly available. Who's to say we're not paying over 10% in interest on this? Yet, no warning- it's daddy UK afterall

With all the pomp and pageantry followed Tinubu's visit to the UK, I am still seeking out what was actually achieved for the Nigerian side. However, what I find quite telling is the absence of 'warnings' from mainstream, social media and even here too on how the UK might look to shortchange Nigeria.

We just signed a deal to purchase over £70m of inputs from British Steel. Imagine if it was a Chinese steel company we signed that deal with. It'd have been tales of how their steel is not strong enough or how they are trying to take advantage of us. Foreign media outlets would have made it look lime we don’t know what we're doing.. 'But at what cost'? is the usual cliché.

Wouldn't surprise me that in the coming weeks (just like with Kemi's 'deal'), we'd be told to offer gratitude to the King for being given the opportunity to buy great British steel

All this sweet talk by King Charles. What is the UK seeking?

I hope our negotiators and business leaders have their eyes open and seek our best interests when talks are taking place

elengine:
This is her interview with GB news:
“Home Secretary said in interview that she made a series of announcements and made really radical changes and she will be legislating later this year to put this into law and to make sure that system run very differently in the future.
Journalist : when is this judgement for you ?
Two years time one year time?

Home Secretary: over the next year or two, we will be rolling out these reforms and I would expect them to start making changes and of course as we get toward the end of this parliament. I would expect the new systems to be up and running.

Me: I hope the idiot youtubers would not pick this my summary and be louding it in a bid to earn youtube money that will kill them all

Interesting... it seems the loss to and rising popularity of the Greens has caused alot of unease in the Labour camp. It was the right wing media that first brought up extending ILR period before Labour quickly jumped on it hoping to win votes. The rightward tilt by labour was done hurriedly to counter a rising Reform. It's becoming clear they have not won any votes via that move instead, they're losing lots of their traditional voters.

Net migration is already down. Couple that with below replacement birth rates and if modern economic history is lesson enough, there'd be attendant economic challenges ahead.

I wouldn't hold my breath but it wouldn't surprise me they move this forward/water it down which would also not look good on them.

Goke7:
Let them remove the voting rights sef before they start blaming immigrants for losing elections or they start saying they are threatening their democracy. You know even if Brits start having malaria now you know who they will blame again 😂 Biko many migrants are not actually interested in voting in the first place. It’s all distractions from lazy politicians!

Hehe... sure we already have the excuse for the next Reform loss

Goke7:
African nations are too territorial to unify as a block. Even within nations there are territorial tensions. For example see the dispute over the Nile river among Egypt, Sudan, Ethiopia and all the way down to Rwanda, you don’t expect such countries to come together when there are a lot they are already contesting for. It’s that hard and deep!

Ecowas e.t c was supposed to kick-start some of this but it's failed to. Folks though that with France adopting the Euro, francophone countries would be released from certain shackles but that hardly happened. Now most are under military regimes which brings alot of uncertainties into the mix.

The African free trade agreement is a good win- hopefully, we can build from that.

As regards the current NHS brouhaha, I'd say this- It has been brewing for over a year and I've been well involved. A good fight has been put up although it does seem like the majority would have their way.
Eitherway, it doesn’t come as a surprise - it was easy to predict and we spoke about this in our circles as far back as 2019. Its been a recurring theme for over 80 yrs - as far back as the world wars and windrush arrivals. You go back to the 50's and 60's and thesame narrative played out. Many foreign docs arrived - offsprings of whom went on to do well (e.g Sunak)

The funny thing is that what's happening today is a direct result of Brexit. It took me a few weeks after my arrival to the UK to see how Brexit would benefit me. Remember telling one that I don't get why folks can't see the realities of Brexit- and eventhough it might not be good for the economy, it'd sure benefit me - chap thought I was being sarcastic. Afterall, the focus then was on chasing away Europeans with very few seeing other moving parts.

I wouldn't get into the specifics as just like with most subjects on migration, most of what's reported is emotive and hardly the fact. Europeans were taking all the jobs afterall. But things are already moving and give it a few years and same folks in war against migrants would start paying them to come over. I was paid £20k just a few years ago.


All said, I'm glad that before I came to work in the UK, I was clear eyed that the only reason I had access was because I was needed not wanted even when folks here accused be of being proud for stating such facts. When covid hit and people were clapping and foaning how we were saving lives, I told a colleague that this same cohort clappping would throw stones when the times comes and that didn't take long to manifest. It's the simple reason I was aggressive and unapologetically took opportunities so that when the day came, even if I remained in the UK, I'd be unaffected. Infact, I was already applying for my second role before starting the first which I subsequently switched from in under 6 months. Good enough, quite a few colleagues also caught the vibe at different times. Unfortunately, those who didn't or who came in later would face the realities of the present day.

Like I've said for the past 7 years and keep saying, we're only here cos we're needed. Every migrating person should do well to remember that. It's a 'needfeast' not a lovefeast.

Goke7:
Seriously I doubt it will make any difference as most commonwealth citizens are not even aware they can vote and when they are aware many don’t actually participate. This is just an excuse to continue to rile up the base as usual. For starters what’s even the figures if we also add EU citizens that are residents (as so many exited after Brexit) that could actually impact the outcome in any major election reason I stated earlier about the concept of wasted votes!

It's just like the 'family voting' brouhaha they wanted to use as excuse for the last defeat or Trump claiming the election he lost was rigged. When you look at the actual numbers, it's more of a storm in a teacup and doesn't really move the dial except for performative wickedness

Goke7:
😂 it’s just like Ghana who accepted to allow deportees from the US to escape the earlier visa ban Nigeria got who rejected to accept deportees but still ended up on the 75 nation ban list! The man in the White House no send you even if you give him your father’s house!

Hehe.. the earlier nations understand, the better.

My worry for African nations here is that we're still individualised so it's easy to pick us apart. Looking at Europe, most of their strength today is due to the union. They come to the negotiating table as one block which is indeed powerful.

Cyberknight:
Much as I'm not yet a permanent resident myself and would rather the old rules remained in place, I would be very surprised if this goes anywhere in today's febrile climate. Apart from paying some smart barrister's bills for a while. Not only does it smack of entitlement, but also I think public opinion would be firmly against unelected judges gutting an elected government's policy of this magnitude and salience (if Labour doesn't do a U-turn in this matter in the first place and secondly, ultimately only amends the Immigration Rules by SI).

Incidentally, the Grauniad, the FT and the rest of the progressive media have been recently running articles about how the fall in net migration will negatively affect the economy, bless their hearts, but it's quite clear now that the immigration debate has moved firmly into the political realm and any other arguments, including economic arguments, whether actually substantiated or not, no longer carry any weight.

I would contest the bolded. Seeking legal routes for redress (i.e petitions, peaceful protests, writing to MPs, using the courts) is exactly what it means to be British. I'd say that proponents of this push are infact demonstrating that they're 'integrating' into British culture. I would not expect a Brit or someone who seeks same to immediately cower in defeat when they feel an 'agreement' has been trespassed upon. There are lots of things the courts can do. But even if they fail, let them try. They have little to lose.

It remains to be seen in full what effect the rapid drop in migrants causes. It's said that it takes about 7years to get to the maximum benefit of migrants arriving. Labour might still have some leeway economically over the bext 2-3yrs (due to recent arrivals) before things begin to unravel. I suspect they've tied themselves in knots without knowing.

Cyberknight:
Er... it appears they are.
https://www.lbc.co.uk/article/reform-uk-would-limit-polls-to-british-citizens-and-scale-back-postal-votes-5HjdTfd_2/

Hehe... didn't take long...

“Meanwhile, allowing non-Brits – people with zero connection to this country – to vote on our future is absurd. It is right that only British citizens should be able to vote in British parliamentary elections.'


How can he say commonwealth residents have zero connections... most of us are distant relatives and former subjects of the crown.

Eitherway, let's see if Labour would latch unto this in their right wing drive. I doubt though as Reform/Restore seems to be most affected here.

Ugmama:
William H brown does everything for one, including remortgaging after you have purchased (all for a fee).

Mortgage broker

I don't see the need to pay a fee except your circumstance is unusually unique.

Most mortgage brokers do not charge a fee for residential purchases. They get paid by the lender. Even when I bought a BTL, I only paid a token of about £200 I believe which was one off and would not be paid on subsequent purchases or remortgaging.

It might look daunting but the UK process is fairly straightforward. I'd go with a free mortgage broker that has access to all of the market. If you're on a visa, in a way it makes the process easier as your mortgage options are streamlined.

For remortgaging, I'd first see what my current lenders rates are. Another option is using a comparison site or a broker to see what rates are available. In all instances, I would seek not to pay a fee except if its the product fee fir the particular lending product I want.

All said, paying £800 to a mortgage broker for a straightforward residential mortgage looks to me like a rip-off.

Controlv:
You've raised a very good point about value and price growth. During our second round of viewings few weeks ago, we found a very lovey property but the growth was just not it. 1st round of sales in the area after 10 years returned less than 3%. The area is now 20 years old and the price growth is not impressive either so we had to let go and stick with our current purchase.

The main question I'd be asking is why? In your case, it'd most likely be the area

There are local nuances to many areas that limit price growth.
Also house types also play a role. Flats in certain areas took a beating over the last 10yrs due to 'unlimited supply' and people moving out of cities during covid.

New builds can also have a premium initially but except you're buying something outrageously overpriced, they tend to level out in a few years - abt 2. Manytimes people forget that with a new build, you get new utilities, kitchens e.t.c which older houses don't have

Ugmama:
Guys pls advise me.
Is it better to do my mortgage guidance with Mojo or house agents such as William H Brown?

Mojo services is free

William H brown I have to pay about £800 and each time I remortgage I will pay £99

What mortgage guidance exactly are you referring to?

Is it a mortgage broker or mortgage application?

Finally... why do I have the feeling the next anti-migrant rhetoric would be someone driving the narrative of how migrants from commonwealth nations can vote almost as soon as they arrive the UK. Why should they be allowed to vote? Afterall.... Saudi Arabia does not allow such.

I'm still surprised Reform and Restore have not latched unto this. This is the demographic least likely to vote for them. Just like with most things migration, it's likely they're unaware.

Talking about Trumps tarrifs, just learned that the new blanket 10-15% he introduced was via another section in the law after the U.S supreme court rendered most of the previous ones illegal as the section of the law they were based on was not meant to be for such. Every nation is now on thesame tarrif including our U.K which gave Trump an 'unprecedented second state visit' to appease him and China wey no send am.

Also, the section of law he bases his new tarrifs on only gives a 5 month limit. I wonder what he does after 5 months..

Where does that leave the UK deal Starmer kowtowed (abi worked) so hard to get?

Hehehe.. Good move just like the lawsuit against Trumps tarrifs

Who knows how to sign-up? 25k raised is still on the lower end though but should begin the process and grow with time.

https://archive.is/Byz6b

Goke7:
Yeah to be honest it will be difficult to obtain such updated data. Only the govt can with their various legal touch points with residents so it’s understandable. I think they enumerate most things we can all relate to! I like how the guy himself was honest with the struggles his own parents had when they came in as immigrants in the uk. He’s also very much in touch with reality back home too and from his other videos he speaks about the financial and pension implications of immigrating from the uk or back home as he has another nice video on this breaking down the various countries the uk has pension arrangements with and the ones they don’t.

Interesting. Even government data needs multiple touchpoints and need to factor in wealth which is also more difficult to track. Though a minority, a good one is for people who earn via their corp. One can earn 100k and if their total salary and dividends is say 20k, that becomes their income.

Black tax is a huge deal. One does look back and wonder. They sound like they extricated themselves out of it. Kudos to them though.

Memorychip:
The Tories are watching the complete rot of their “banana”, while Kemi is telling them it’s simply a sign that the “banana” is ripening.

Lol... una no go kill person for here. Make una leave Kemi... who knows, she might evenvisit Nairaland on occasions to see what 'bottom-wipers' are up to.

The media are increasingly treating Reform as the defacto opposition. The far-right members of her party are even leaving her behind. Let's see what her new narrative would be

abuhusna1:
Kemi total vote in next general election may not be up to 50k. 90% whites wont vote her and 99% immigrants won't vote her.

Hehe.. they still have areas they control though things are looking dire.

They lost good parts of the south to the LibDems with their move to the right and it's quite clear that most Labour strongholds would rather go Green or even Reform than vote them.

I wonder what story she'd sell to electorates now. Anti-migrant talk which has traditionally been the low-hanging fruit has now been cordoned off by the far right. It's become clear that no matter what hate she wants to spread, Reform would take it much higher than she can dire to go. If she says legal migrants need 30 years to ILR, Reform would say people like her are not even Brits. She has to now sell her rhetoric and at thesame time explain why what Reform is offering is too extreme.

I suspect they'd pivot and now look to sell themselves on economic competence.

Next few years would be good to watch.

Goke7:
😂 Omo see gaslighting

https://x.com/kemibadenoch/status/2027338096526643553?s=46&t=tk-1hGRx-HBpOmsos8uccA

Multiracial vs Multicultural OMG!

Kemi the preacher.. hehe. She don see Right wey pass far-Right.

Thank God for Greens. They and Reform abi Restore may help safeguard things.

Goke7:
Thought to share


https://www.youtube.com/watch?v=qlP0b-aH1_s?si=ZGg0Z8N6LSX5A0q_

@Jedisco this might be of interest!

Nice video. Dem fit dey this thread sef

Issue is main data source they discussed was based on self-reported surveys by Ohent Pay- a money transfer company.
First thing is that these surveys are not backed by verifiable data. I understand this is quite difficult - even some census data is self-reported. While most people would and should tell the truth, quite a few aren't bothered. I know people who when they come across such just put in an arbitrary number. When asked that in Canada, I don't know where to start.

Also, many people have moved on from Ohent Pay so by numbers, I wonder how robust this is. They were quite analog and slow but used to have quite competitive rates which brought people in. With time, the likes of Lemfi beat them on rates with a sleek app too.
Lastly, these surveys are usually done at the point of signup and hardly updated.

All said, good point were raised and I think the actual fact isnt far off. Like where he listed the 'stages of development' as one carries on

leocollins:
I woke up with this mortgage idea and lending system in my mind,and through out the day I have been having This idea that has potentials but our banks and lending rates comes to play,what you just said is the truth if the administration can look into this aspects our economy will boost in no time..

If one starts looking into the economics of the mortgage industry, it becomes clear why housing contributes upwards of 25% to the gdp of many developed nations. That in itself can have it's drawbacks but the modern mortgage is in itself an economic miracle. It's almost what electricity was to tech. The benefits to the citizens, government, banks, wider economy cannot be overstated.

Educationalserv:
Non really so .most people that got capital and choose other scheme have their hand Burt . Some don't have time to Manage business or are not business inclined.
Imagine all those monies lost in MMM ,MBA ,CBEX and NGX .
70 percent of new business fail in Nigeria

Well said. Any rate above inflation is a good start. 'Riskless' money (i.e kending to the government) shouldn't come with undue gains

skydiver01:
The large amount of failed subscription bids of yesterday's Bond Auction results (shown below) suggests the CBN is actively seeking to drive down the cost of borrowing and at the same time also reducing the amounts offered for subscription

Slowly, we'd get there. CBN rates of under 5% with low inflation and systemic business support would turbocharge the economy
I also hope the reduction in amounts offered feeds back into reduced public debt. Not moving from local to foreign debt.
P.S. I'm not against sustainable debt if used properly.

Goodenoch:
See Badenough complaining about identity politics because someone implied she and her children are not really British -

https://www.telegraph.co.uk/politics/2026/02/20/badenoch-accuses-reform-of-playing-identity-politics/

https://archive.is/AlrOs

Doesn’t she have a sense of irony?

I thinks she'd soon realise that as long as far-right ideologies go, she's an amatuer. There are pros and legend levels to the game. No matter how extreme her narrative is, Reform would take it a step higher and Restore 2 steps higher. She's like iPhone 17... pro and pro max still dey. As for Starmer... that one dey novice territory i.e iPhone 16

Educationalserv:
how do you achieve that ?when the basic infrastructure for economic prosperity is unavailable.
Electricity, security and roads
a under 10 percent loan offer by bank of industry is prone to round Tripping back into Fixed income securities at 20
CBN intervention on how bank loan out money is anti capitalism .
Bank are rational investor and the operate and put funds where return is high and short term
They are not emotional and political beings.
Nigerians got loans from Covid funds at zero
They Majorly refuse to pay back

Operating in hostile Red ocean fill with Vampires and sharks ( Nigeria citizens) need Dracula's banking skills to deliver deviden to shareholders.

It wouldn't happen overnight but the direction of travel should be clear. Same way inflation didn't drop from 30% to 15% in a day. Same also with government interest rates.
The CBN is not going to wake one morning and mandate all banks to lend at x%. They'd communicate clearly where they want things to go and use avenues like cash reserves, what percentage of loans have to be at a rate not exceeding x% of TB rates, limiting how much TBs or bonds banks can have on their balance sheet e.t.c. There are ample means to achive this - it's not hard. Other countries have and continue to do so. It goes without saying that the CBN TB rates form the bedrock of borrowing and banks should hardly go below that.


Yes, we have our issues- all other countries do.
I am a capitalist and there is no such thing as 100% capitalism. Governments exist to protect and provide guard rails for the better good without being unduly intrusive.
What I'm highlighting isn't rocket science. Many countries including developing ones have done or are doing it. The reason they succeed is not because their citizens have 4 heads but cos they built the system. Nobody likes paying back loans or tax but they do when there are repercussions.


To be clear, I am not simply blaming individual banks. They should seek the best returns for their shareholders. Most of the fault falls with the CBN/government. Building a strong middle class benefits all including the banks.
If we can't build a proper financial system, then we have no business using fiat- we should go back to using cowries. The birth of the mortgage system and widespread business and consumer credit was what turbocharged and still supports most western nations. There is virtually no poor country with those and every rich nation has them.