₦airaland Forum

TheGoodJoe:

A lot of analysts, before the kick off of the Policy expected the price to settle below that. That is what I am working with. They pointed that there will come a time CBN will stop intervening and let the demand and supply of the market take over the direction.

The analysts also expect the naira value to fall before it settles below N300.

That is the expected target and that is what I think will happen. Also, the price the consumers will finally buy dollars when it settles will not be much different from the Interbank rates. That is what this Policy is out to achieve. A narrow gap between the Interbank and Black Market price.

TheGoodJoe:

A lot of analysts, before the kick off of the Policy expected the price to settle below that. That is what I am working with. They pointed that there will come a time CBN will stop intervening and let the demand and supply of the market take over the direction.

The analysts also expect the naira value to fall before it settles below N300.

That is the expected target and that is what I think will happen. Also, the price the consumers will finally buy dollars when it settles will not be much different from the Interbank rates. That is what this Policy is out to achieve. A narrow gap between the Interbank and Black Market price.

TheGoodJoe:

A lot of analysts, before the kick off of the Policy expected the price to settle below that. That is what I am working with. They pointed that there will come a time CBN will stop intervening and let the demand and supply of the market take over the direction.

The analysts also expect the naira value to fall before it settles below N300.

That is the expected target and that is what I think will happen. Also, the price the consumers will finally buy dollars when it settles will not be much different from the Interbank rates. That is what this Policy is out to achieve. A narrow gap between the Interbank and Black Market price.

How narrow will this gap between the interback rate and the consumer's rate be? who regulates this gap? I have a problem with leaving the value of naira to be determined by demand and supply. The cabals will hijack this policy as usual.

TheGoodJoe:

It will take time to buy Dollars cheap. It is expected for the price to go up. CBN is keeping it low for now due to scarce dollars. With time Dollars will spread to the banks and then, as expected, the Price will settle below N300 at all points.

For now, you can not buy dollars at that price.

Dollar will not settle for anything below N300 for a long time to come.
A time will come when CBN can longer sustain this periodic intervention then speculators will determine the real value of the naira. This might take us back to square one if care is taken. Dont also forget that the dollar can never get to the man on the street at the interbank rate

obailala:
Contd...
https://aguntasolo.co/the-price-club-the-new-nigerian-naira-6e9613715acb#.fm5meaqgo

A very long but expository article for those who can read. This is quite an educative piece which could benefit a larger audience.

what an educative write up. The simplicity of language, the presentation and in depth analysis makes it a masterpiece!!!!. God bless you my brother.

please I want to know if people planning to study abroad still stand any chance with this new policy. Ur reply will be appreciated.

truthspeaks:
Do u have a copy of buhari's tweet concerning d fulani herdmen?

"the Fulani herdsmen are from Libya"

tonytony208:
The scriptures support tithe. Not just tithes, but tithes and offering.

Will you say politics is wrong because politicians play it dirty?

In the same way, tithe payment can't be said to be wrong just because pastors spend it wrongly.

it's still not enough reason to call him antichrist. Did our Lord and saviour Jesus Chrust pay or collect tithes. Did the Apostles aslo receive tithes??. Tithe in Christianity is a scam!!!

tonytony208:
Which church do you go to and which bible do you read? You are clearly an antichrist.

give one reason why you think he is an antichrist?

The Avengers will not be happy with this list. It seems not to favour people from that side

Flets:
Without getting into so much of your details, you want to get our economy free from resource dependency?... How do you get that under a unitary federal system that we practice today..... I am talking practical reality.

The only hope is true federalism, that is the only way we can be less dependent on oil. Let me break it down for you.

Under True Federalism, the governors wont be running cap in hand every month to Abuja for allocations. They will sit their ass down and figure out ways to make the states and regions viable. Every region is this country has resources and potentials to be great but there is no incentive or motivation to tap into these potentials where there is some free lazy oil money available for sharing in the name of allocation.

Let every people manage their potentials and resources and grow at their pace. Lets allow healthy competition across the various regions. That would drive tribalism and nepotism to the ground as we are not grappling for common resources. Niger Delta should be allowed to manage their resources and contribute some percentage to the FG.

Listen, nobody sabotages his own property. Militants will not bomb pipelines under their custody. Patriotism at the regional level will be galvanized for speedy growth. The gains are immense. Infact, no progressive democracy in the world practices the rubbish unitary FG system we run here.

Under True federalism, some regions might struggle for a while but Nigeria's economy will bounce back in less than 3 years and will only get stronger from there. Unfortunately, without true federalism..... Nigeria is gone forever.

Imagine a business partnership where a partner has sworn from the onset that such business will never succeed and sabotages every effort to make gains. No such business ever survives and that is the Nigerian case, Bokoharam will disturb a southern president while militants will disturb a northern president.

well said

changeagent:
Accessing financial provision through divine direction....Gen 12:1-4, 13:3, Isaiah 48:17

TRUTHS ABOUT FINANCIAL PROVISION
1. God cannot provide for you financially beyond your life of obedience to Him. Job 36:10-11

2. You can never achieve one thousand more promise without a life of obedience. Deuteronomy 1:11

3. God needs to be engaged and acknowledged to experience His leading for financial provision.

PRACTICAL STEPS

1. Build a vibrant and sensitive spiritual life. Romans 8:6

2. Make a commitment to acknowledge concerning your financial dealings. Pro 3:1-6

3. Make a commitment to obey whatever God tells you about your finances. Isaiah1:19

God bless you

neither Christ nor His Apostles preached a message like that....this is one of the problems of the modern day Church

TippyTop:
Same fantastically corrupt people said they were diversifying. Anyway it should be built near lake Chad where Bubu hopes to find "Groundnut oil"

lolz....u are fantastically funny

Ytechconst:
Tithe first before any other expenses. This might be your appointed time that the Lord has set for you to breakthrough in your career but alas the devil is at work to steal your breakthrough.

I av bin in this type of shoe before when i was still a bachelor but i am glad i obeyed because the breakthrough i experienced after 24hours of obidience was 10times the tithe i wanted to hold back.

My brother i will advice you tithe first because you can never tell the magnitude of what God has in store for you.

if God blessed u because of your obedience then you are indirectly saying that Christ died in vain...but God forbid!!!!

hahn:
I will advice to give the money to your parents. They deserve a refund because apparently, the money they spent on your school fees is a waste

mehn!!! Your bad mouth no be hereooo

Olugbenga28:
Bro, God gave u 100% and after eating ur own 90%, u now want to use God's 10%...my advice for u is either u leave the boy @ home or use ur 90% if not u will just pay d fee in vain if u use ur tithe cos God himself MAY frustrate the boy's in school cos its HIS share u are using n u will still pray to the same God to help ur brother pass his exams...so how will wen u are using his share...

which planet are you from? No offense

jide219:
seek first the kingdom of God and all other things shall be added unto you, Malachi 3 vs 10 said, bring ye tithe into the store house that thou might be meat in my house and prove me now saith the lord of host if I will not open the windows of heaven and pour you out a blessing u know the rest, my brother do the right thing, don't rob God.

sarcasm I guess

Dahveydson:
Charity is the greatest of all.

You want to pay tithe while your brother stays home because of school fees? - ask yourself, what will jesus say? - in all of jesus miracles and teachings, where did he shelf love for the law?

How can you say you love God, if you cannot love your brother enough to pay his fees? And who said that tithe must be paid to the church?

My advise, pay your brother's school fees. Showing love and care is greater than paying tithe that you see as a levy.

God bless u for this

UncleDeeee:
There is no compromise when it comes to tithing.
Asking the question means you have separated your tithe from other expenditure. Remove money from any other expenditure and pay the fee and the faith you exercised in paying your tithe shall be manifested.

pls can u back ur submission up with relevant scriptures?

profmallory:
This dude leaves behind a wealthy life style, money, family and all. And travels to the harshest of places to defend a faith he believes in. I see this whole story slightly from a different perspective. Then I ask myself, How many Christians are willing to die for their faith, I m not talking of dying for your race or tribe, but for the fact that you believe in Christ. If they say today, if you come out and Go to church we will fire you, how many people would still come out. I know the answer and I very well hope I myself will come out.

Every one will die one day, some when they are ready some while they are enjoying - distracted. This dude is gone to face his maker, are we sure with the hate we spew in our hearts, the hypocrisy of our life's and fake mouth service we someday we wont end up where he is.

food for thought

Sibrah:
Our govt always commissioning Shoprites and malls that will sell us 95% foreign goods. . .
I await the day they will start commisioning malls targetted at displaying tax free local goods. . .
We celebrate malls and not factories, astheatics and not features. . .
When we buy foreign goods we indirectly pay a foreign labourer. . .
When we buy foreign goods we indirectly buy foreign raw material. . .
When we buy foreign goods we indirectly buy a foreign patent. . .
When we buy foreign goods we indirectly pay a foreign economy tax. . .
When we buy foreign goods we directly pass our capital to a foreigner whose less likely to pass it back to us. . .
Promote, support and buy Naija-made goods . . .

the computer u are using to type this thing was it locally made

1stCitizen:
For years as a Christian I was decieved by the devil about tithing like the OP

The devil does this by making you question how the tithe is used.I used to believe it was an old testament mandate.

Even without paying tithes things were going ok for me and I was doing well and used to console myself that I am still blessed without paying tithe.....until God opened my eyes to the devil's deceit. I saw that Christ even acknowledged it's importance.

When I started paying in full obedience I could not believe the way I leapfrogged from one level to a higher one. Favour became more abundant to me beyond my comprehension . I was like wow....why did I not obey before now.

this ur submission cannot fly in the face of an overwhelming truth. I wonder what Apostle Paul and other martyrs of the gospel will be saying wherever they are now concerning the state of the present day church

osothermal:
OP you are very wrong read the word of God very well and stop deceiving children of God. You said tithing is an old testament thing? Children of God mattew 23 from vs 23 Jesus criticizing the religious leaders calling them hypocrites that they are careful to TITHE even the tiniest income but ignore the more important teaching of justice,mercy and faith. Jesus said "You should TITHE yes, but don't neglect the more important things. My dear read ur Bible very well and let it guide you .
I AM A TITHER and its working for me

ignorance!!!!!

harry:
I can't believe in all this multitude of bible verses you left this one out... Luke 11:42

42 "Woe to you Pharisees, because you give God a tenth of your mint, rue and

all other kinds of garden herbs, but you neglect justice and the love of

God. You should have practiced the latter without leaving the former undone. (NIV).

I'm not against you but put the whole facts on the table. In this bible passage which is in the new testament, Jesus made it clear that our tithe is important too only that some things should come first which are JUSTICE and LOVE. My own opinion is this, read your bible, pray and ask God for revelation knowledge to know and do what is right in His sight. Tithe or no tithe won't take anyone to heaven, tithing just has blessings attached to it as Mal 3:10 states.

Christianity is a one on one relationship with God, find God and all these things will be clearer to us.

Jesus was speaking to the Pharisees who were still under the law at that time. He was not yet glorified through His death and resurrection...shalom

Bevista:
Ordinarily, I should not comment on this thread since Ubah has not mentioned how he would go about it. However, for the benefit of those who might get swayed by his cheap claims, I'll say something.
---
The exchange rate (PRICE of dollars) is determined primarily by SUPPLY of dollars (through exports, FDIs, foreign borrowing, etc) and DEMAND for dollars (through imports, payments of foreign school fees/medical bills, online purchases, etc). The NET flow of these transactions determine the Balance of Payments (BOP) account with the Central Bank. Elementary economics tells us that when demand exceeds supply, prices go up!
---
Coming back to Nigeria, it is well known that oil accounts for 95% of our FX earnings. As oil prices have collapsed from ~$100 in 2014 to ~$30, our supply of dollars has dropped tremendously. This is even worse when one considers that our cost of oil production is ~$20/bbl, meaning that our dollar revenue from oil has dropped from ~$80/bbl to ~$10/bbl. On the demand side, the request for imports are increasing. With such supply shock and increasing demand, there is only one way for the exchange rate to go. This is basic economics and has nothing to do with Emefiele or Buhari, except you are simply being mischievous or grossly ignorant.
---
When oil collapsed from around $147 to $38 due to the 2008 Global Financial Crisis (GFC), Nigeria had a Foreign Reserve of ~$62bn. The then CBN Governor had to spend ~$20bn from the Reserves to meet import demand thereby preventing devaluation/depreciation. Between 2011 & 2014, oil price was above $100, meaning that the administration never had a dollar supply problem and so could maintain a stable exchange rate. Fast forward to late 2014 when oil prices slid to ~$60, the CBN had to devalue the Naira twice within a period of 6 months (Nov 2014 & Feb 2015) because the Reserves were too low (<$35bn) to deplete to support imports. Now in 2016, oil prices are around $30/bbl while FX Reserves is less than $28bn. The supply shock has reached unprecedented levels, yet demand for imports has not decreased. There is absolutely no way that the exchange rate can stay below N250/$. Simple economics says that price will continue to move till a new equilibrium is reached where demand equates supply.
---
There is no policy from Emefiele, Soludo, Greenspan, Bernanke or any other Central Bank governor that can strengthen the Naira in the near term. Except we want to completely deplete the Reserves or go to the IMF to borrow SDRs just to meet import demands. Brace up folks, if oil price collapses to $20 (thereby increasing the supply shock) the exchange rate shall hit N1000/$ and I repeat, this has nothing to do with Emefiele or Buhari but simply economic forces. The only thing that can save the Naira is either for SUPPLY of dollars to increase (through high oil price) or DEMAND to reduce. Since we do not have control over the supply side, we can at least focus on managing the demand side.
---
So Mr Ifeanyi Ubah, you have zero knowledge on what you are talking about. With all the money you made from the last government, you can start by building a refinery or some other manufacturing facility (like Dangote) to help us substitute for imports. That would help the Naira more than you seeking cheap consultancy from the government. Or except you want to broker a deal for the government to give amnesty to your Dasuki-Gate friends, so they can bring out stashed up dollars from soakaways and graveyards to support the economy.

this is the best comment I have come across on this forum in the recent past

scarffield:
Some ladies b weighing 53kg b4 makeup nd 72kg after makeup!

now this is wicked!!!!

Blanc8:
Buy her a car then Slap her again... Nothing dey happen

u will do very well in the comedy industry. This comment cracked me up seriously

Andyblaze:
My friend told me he feels too big to take orders from a woman, that in his place its even taboo to serve a woman and so he refused a job he was given after he found out the CEO was female.

What advise can I give him?

Cc : lalasticlala seun ishilove

...and same friend of yours will be taking orders from his wife

coolzeal:
He is still locating billions of naira to oil exploration in lake Chad basin instead of agriculture..

fluctuation in oil prices is not new. Oil remains one of the most sought after commodity.it's only a temporary setback. The price will surely pick up

ammyluv2002:
Good for him! They should pay back every kobo



Those who make others to mock God will never have rest. God will continue to expose them.

ur signature is quite inspiring

kallmemrB:
The fone can call heaven directly

this got me laughing so hard

Eronmosele:
Not all churches are like that. You should find a good one close to you and fellowship with other believers so that you can be strengthened and also strengthen others. I had a similar challenge when I was working in Lagos. I eventually stopped going to church and was doing my Bible study at home. But when I got to Abuja I made sure to look for an assembly without all this deceit and I found one. There is really no perfect assembly but at least one without these financial heresies but with sound doctrine will do just fine. God will help you please don't be discouraged.

pls what's d name of the church? Am in Abuja also n will be interested in knowing such a church

[quote author=donestk post=41414679]Expecting dis tins frm a naija babe is like waiting for a ship in an airport[/quote

Kai!!! Bros ur bad mouth no be hereooo

mulante:
Why pay for something you can get for free?

Someone else has already hacked into the server list and is giving out details for free (well, as far as I know!)

If you don't believe me, ask the Awolowos.

lol...this is the height of sarcasm.

honey86:
There are loads of them here in Winnipeg and the general consensus is that they are good.

Thanks a lot for the info. It appears you are in Winnipeg, my wife is currently processing her admission with the University of Manitoba Winnipeg/ Carleton University Ottawa and she will be travelling with our children by God's grace - the reason I was making enquiries for elementary and secondary school.