₦airaland Forum

musicwriter:
That's a good question.

And the answer is that after the second world war, the same white imperialists tricked the rest of the world to peg their currency on the US dollar as a way of determining the value of international transactions. The US dollar itself was then pegged on gold.

That's how this whole concept began but it was working relatively well until a US president, I believe a Nixon, pulled the greatest financial scam of all time by annulling it in 1973 or thereabout. From then on, other world currencies just got stuck pegged on the US dollar but without gold backing the US dollar anymore.

In other word, the US can print any amount of paper they want and push it into the world as money. They can even manipulate their currency to affect other currencies. President Nixon made the US a world power. This's what Europe want for the ECO. If African leaders make the mistake of pegging the ECO on Euro, then African economies and even monetary policies would be at the mercy of Europe.

Kwame Nkrumah was right.......... Neo-colonialism is the last stage of imperialism.

Yes, gold would be the best bet as it has proven to run parallel to currency rate.

Person wey understand...........

What this french president is doing is to pit west Africa against the Europeans.....he wants to engage the power of Europe to share the spoils of africa...

Since he knows france is losing control of francophone speaking Africa....with this they will use our commonwealth to beef up the Euro that is gradually failing...

fairfora:
Our main problem is perpetual stooge we have subjected ourselves to in the hands of the so-called Great Britain, the world's renown parasite. Since the beginning of the insurgency, France has played major roles in curbing their activities with less efforts from the british people. Some of french doctors ( Doctors without Borders) were abducted and even killed by boko haram. The last time I checked, a British court slammed a huge sum which could deplete our foreign reserves overnight as penalty or damages in the case of P and ID. France would never have allowed this injustice to be done to any of their colonies

I think our leaders, both past and present are selfish. Immediately after independence, we have failed to adopt french as a second official language, sticking only to english. In Europe, hardly would you find a country who doesn't speak English, including france though they have always preferred speaking their language. I was in Germany some years back and there I met a guy at the airport. I asked him for a direction to where I was going as a taxi guy but he pretended as if he didn't understand English. Later he came to meet me and began speaking fluently...and that's the way an average german behaves. They may not like speaking english but the majority of them understand and speak well.

Being bi-lingual as a nation brings about even and speedy development. If you speak my languages, I'd deal with you in all eagerness and fairness...its normal but the reverse is the case with British. They are haters and unwilling to help especially in an area where they feel they can't see anything to eat. Our politicians loaded their banks with looted money from and they're busy doing business with it. Whenever our country makes any move to bring the money back home, they come up with stiff conditions which would end our country parting away almost half of the money.

I hope the French language learned in most private schools is sustained. We need to break this jinx of one language which is english. Hardly would you visit a francophone country and see learned people who do not understand English and that's where they have an edge overseas over us...in football clubs, in schools, fashion or show biz and wherever they find themselves...they always thrive and adapt easily.
Whereas, their anglophone counterparts would have to enrol in a french school to pick up. Amazingly, french and Spanish are very similar so anybody from a fanconphone country can easily understand Spanish when spoken. It brings about ease of doing business internationally without barriers.

The ECO issue wouldn't have been there in the first place, had our government adopted French a subject from day one in our public schools as a second official language for the sake of economic integration of our region . This is why I've always faulted the amalgamation of 1914, which we are not finding difficult to repeal even years after it's expiry. All the franco phone countries in west Africa put together, ate not up to the Nigerian population but are far better in development than we are as a nation. They are well-organised with less issues of insecurity and corruption. The amalgamation was put there by the British to keep enslaving us. I hope this is repealed someday.

So so naive....who told you france is your friend........France and Britian are no different....france is even worse........

By the way 90% of Nigerians are bilingual......OR is our mother tongue no longer a language....

Well old age will clear alot of issues for him........

Well done bros...
My samsung tv refuses to come On, even though it shows the LED power light blinking

Very pro active country......see nigeria, with all the mess up by the presidency....our senate & house of rep is just mute

Offpoint:
20 million naira per show?

How much David Wizkid come dey charge?


Tell that to Buhari supporters...

I never knew who this guy is until FG made him famous.
He's the most untalented Nigerian Musician I've ever read about.

Was in a saloon and the barber-guy was playing this guy mixtape, I can't believe all the crappy tracks he played till the end all HAVE SAME BEAT AND RHYTHM.

I got pissed had to connect my phone to the guy deck and blast EMINEM songs.

You mean infamous..

People just love to talk nonsense......

He had 24 fights won 23....21 by knockout.....he has fought the top 10 in his category and beaten them all

He hold the WBA, IBF, WBO, and IBO titles.......and someone is calling him weak........if this is not jealousy then i don't know what is....

Dem no dey dash person these titles and people he collected the titles from are not Jokers........I can admit he might have had a drop in confidence due to that being his first experience of a loss and the backlash that came with it.....he had to ensure victory to gain that confidence, hence his cautious performance.......but let nobody think the guy is easy meat.......they will be shocked when they get crushed.....let him have a few more fights and build confidence then we will see the ultimate Joshua...

See him, just talking nonsense....it is people like him that we need to cut their wages and also move out for more serious people

Age is catching up with him...he should just readjust himself and stay happy

lovewins:
Come to think of it, the entire legislative arm is complicit. PDP stayed in power too long they don't know how to play opposition politics. They need lessons from the US democrats.

I mean what exactly are their aspirations for 2023?

I would have expected that every senator in the opposition be the ones to lead a protest to the DSS office where Sowore is held. The Occupy Nigeria protest during Jonathan's era held water simply because the opposition was a part of it.


This isn't about Yele, it's about the future of our country.


Speak now

How can they talk when most of them dont have clean hands......them dey hide them head before EFCC open case file for them...

This is why we need to always vote in credible people with clean hands

That is why you should keep your fob in a lead sealed box........

There you go.........now you can see their true nature....All smiles when you are present and when you turn your back, they show their true nature.
Its all part of the game.

SonofDevil:
investigation has been on since 2010 and was concluded in 2018. Trust me they have evidences against him before they can go to court to issue warrant of arrest and seize the $14m in the accounts linked to him

Yeah right....Just the same way they had evidence agains Huawei, Iraq etc.......

Oga, they are human like us.....sometimes they make mistakes and sometimes they have ulterior motives....

Oyema should go to court if he has his evidence and if he is innocent, the govt using all deplomatic/legal means should back him and ensure he is compensated for the defamation and also ensure nothing happens to his business

A friend once asked me.....How many people have Dangote made rich?..................How many people do i know that are working in dangote that are financially okay? How have his products helped the average Nigerian?

How can a pastor be sacked...............if you were called by God....who can sack you from that calling...

If his calling is true and he was sacked, there is no need for all the ranting....the one that called him will place him where he needs to be......

The fact that he is ranting tells a totally different story..

omenka:
You think if Maina was to be a Northerner, they would have been treating him like dirt? He is suffering this way because he is a Southerner and a Christian. That's all.

Story....

He is suffering because he is a thief............

Let me ask you a question...if he did not steal will he be in this situation.........Yes or No

Cant blame the players....what was the coaches game plan for this match .....what tactical changes did he make when he saw the strikers were not getting fed, mid field could not coordinate passes.....left back was leaking...wingers just passing ball for passing sake with no idea for end product...

Wow...these guys cant even pass a ball....cant run....totally messing up their counter-attacking opportunities.............Na who coach them

Are these guys allergic to good passing.........

Ivory coast have scored.......Naija need to win or we are out

tot:
But he was banking on paying his rent with the interest. If his rent is 2m, and tbills interest is 800k, he would likely have to dip into his capital for the balance.

Agreed, let's not forget that he has 40M, will he just sit there and be chopping the money....he has capital to fund and resolve his challenges....
And besides anyone wise enough to see this benefit would not have been playing around with the interest that the 40M had been generating for them

And if he feels he can't find any investment options, which is most unlikely...he can then go ahead and buy a house....

Whichever way you cut it, he is till in a far better financial situation than someone who just ploughed the 40m into one building.

tot:
So what happens when treasury bills rates drop to 2% for example and it can no longer cover his rent not to mention have change left to play around with? The security of having a roof over your head should never be underestimated. Investment climes change, stocks go up and down, same with savings rates.

if the rate drops to 2%, he still has his original 40Million plus 800k interest....which he can diversify to continue to generate interest for him....

tot:
He should come back and say this when he is a pensioner, retired and still renting. Then he will understand the importance of having your own home. Yes, you have to apply sense in all financial decisions but making a blatant statement like this makes no sense.

Even as a pensioner, he will have no problems...because the profit from the treasure bills pays for the rented apartment and still leaves him with 2million to play around with...........

Same pensioner that builds his house with 40m, has roof above his head but cannot feed, because his pension is not coming at the right time or has been swallowed by a political snake....

This is what the OP is analyzing for you

Seems a lot of people did not understand what he was saying....Let me break it down

Cost of getting a good decent house, is, let say 40M
You are going to be leaving in that house let say for the next 20yrs

You can put the say 40M in treasury bills that will yield you 4M every year.......you can then take 1.6M or even 2M to rent a very good house...While you will have 2M for other investments or just savings .....Over the same 20yr period you would have saved 40M, and your initial 40M will still be running and turning a profit for you.

Its a case of opportunity cost....

He also mentioned that for you to own your own house, the reason should be strong, reasonable and valid in comparison to the opportunity cost you are foregoing...

In her mind she thinks she is smart......The man you are romancing all over the place with, is he your husband?....If no...
Just know that God is watching you....In as much as I'm also a sinner, I do not go about broadcasting it or misleading people by making it look like sin is okay....

Call a spade a spade...she is a fornicator.....

If she wants to do it right she should marry a rich single money bag (old or young), then she can flaunt if she wants.......anything else is just shameful and wrong

SO many people talking trash....they don't even know, on what the basis the case was dismissed....

The court did not say he was guilty or innocent....they said the issue had passed the statutes of limitation....

Simply meaning it had happened too far back for them to take up the case......

Funny country...life sentence and death for talking....

But fine and light sentence for stealing our collective wealth.....

Its alright....keep sowing seeds, and kindly prepare for harvest

Even Google is not aware of this match.............Giant of Africa..una see una self

Isinweke:
This is one of the reasons Ghana is feeling the Nigerian border closure more than our neighboring countries, Benin republic won't feel that much because of other Francophone around them and the ties they have with them.
Ghana is Anglophone and Nigeria is their biggest business partner in Africa.

Niger Republic will easily do Business with Benin Republic than Nigeria because of the Language

www.nairaland.com/attachments/10496325_africamapcountriescolonizedbybritish_gifc80ac3c59b138592c30a4c27d3df05c6

After looking at you map............we were very lucky we were not colonized by the french.....they missed us by whiskers...

Respect the dead and stop posting these kind of pictures.......

This is what happens when stupid people are made celebrities.....

Na the people wey they follow am i blame......

psychologygh:
seriously bro these guys really annoy me.They try to insult Ghanaians and the country at the slightest opportunity they get shouting that they feed Africa and due to their border closure, Ghana will go on recession and am like WTF!!!!They hate Ghana to the core.You watch them troop into this thread to pour their hate against the president who never insulted them and always stood to defend them.

Oga ....this a Nigerian forum...we did not invite you here...

We can say whatever we want within our forum....carry your amebo self go ghana forum