osazsky:
make them try fix for penaldo for next world cup..I just pray he makes d bench

Hehehehe
Probably as the team camel

Beverlyjean:


Another fake cup that was fixed for him , just like some UCL titles he won

Chilled tears
Since Ronaldo left Madrid, he has neither won UCL or FIFA World best
Talk about fixing

Reussite:
Interesting how both teams that had a foot on the semis from last week turned around to lose the tie😂
I knew the Athletico & Dortmund would be dicy but I expected Barca to go through even if they've been poor all season, we could blame it on the red card. It changed the complexity of the game completed. I feel bad for Xavi.🥲

Araujo should be slapped till he turns deaf
He ruined this game for his team

MT:


Araujo wrong decision killed that match.

11 vs 11, PSG stands no chance.

Whoever wins at the Ethiad tomorrow carries the cup.

Exactly
Barca were undisciplined in this match and played with the wrong mentality
The match was theirs to lose and they managed to lose it with indiscipline

Beverlyjean:
They chased the leprechaun fraud away and they are back to playing semis ....

Argue with a world cup

We have filed a series of cases. We have a case whereby N1bn in April last year (2023) was removed from government coffers under the allocation of renovating 30 roads in the metropolis, and it was taken away and sent to Bureau de Change.

Same stupid Zombies who have been shouting sell your dollars now and blaming state govs for converting allocation to dollars will come and defend this now

Racoon:
-Wike is being probed in Rivers.
-Gandollar is being probed in Kano.
-El-Rufai is being probed in Kaduna.

Fire everywhere! It remains Ben Ayade by Eno and Yahaya Bello by Ododo and the EFCC.

Seems the structure of criminality is beginning to pull itself down

Enugurangers:

One of the article writers for Bloomberg Africa. He is a Peter Obi supporter.

https://twitter.com/Emeleonu/status/1615797060078342149?t=7FeH2uK6vgb_wiwEPnN8oA&s=19

Raskimonojendor:

Damn!

Cheers

I'm ashamed at both of you. Your preoccupation is to discredit the article on mundane politics.
If this is how your brains operate I'm afraid you may not be able to think beyond such crude sentiments in life.

There's only one writer credited to the article on bloomberg website. Where did you see Peter whatever?

Enugurangers:

He made an assumption.

Such as...

Enugurangers:

Bias could be feeding into the report as it's not definitive as some posters have already mentioned. It's just the writer making a guess. In addition, the report title itself does not match the thread topic.

It was written for Bloomberg Africa by one Anthony Osae Brown and Emele Onu. That sounds like a Nigerian name to me.

At best, it's an opinion article.

Guess? Definitive? The writer made a statistical fact as the fulcrum of his article and you're still casting long doubts.
You need to rethink man

Raskimonojendor:

Lagging effect of clearing up the backlog could also be one of the reason for the appreciation. Like I said earlier. It's too simplistic to conclude like the OP because the foreign reserved was depleted by $1.5B.

We can also see that the parrallel market and the official rate are converging, what's your explanation for that?

Ps: It's pointless going back and forth with people that are already sworn to be anti- Nigerian government, anti-good news, and anti-progress all because their candidate lost the election.

1. Can you explain in cogent terms how clearing backlogs will make naira appreciate?

2. Official and parallel converged because CBN is selling directly to BDCs who make up the bulk of activities in parallel markets with strict instructions not to trade beyond 1.5% of CBN price. In other words, they are not at liberty to sell at their preferred price.

3. What is the relationship between economic discussions and election loss. Is naira value APC or PDP?

michlins:
if that's what it will take to reign in speculators and not allow the economy to go to the dogs, Nigeria will do it double.


If you don't like it, migrate to Mozambique. Waiting for the economy to go to tatters so you will rejoice and mock the country.


Before you mention me, I supported and still supporting Obi but I don't have another country. I will rather have a progressive nation than have my candidate win. Tinubu is the president and I will support him. The destinies of millions depends on the success of his administration

Is Bloomberg supporting Obi now?

Raskimonojendor:

Check out freestuff NG's post above.
So in your little mind, burning through means and concludes that it is being used to subsidize the dollars...

Freestuff did not get his maths and his dates correct. The depletion us 5.6%. Freestuffs is claiming $7bn backlog. The dates don't tally as well.

That's what the headline implies when it says it coincides with strengthening of the naira

Raskimonojendor:

Yes proof is required. I have gone to read the post. That's all there is to it are the screenshot below.

If you have any proof as per the topic title suggests, bring it out and stop being emotional like a toddler.

But the opening says "Nigeria is burning through foreign reserves at a rate not seen four years ago".
That statement requires proof no?

Bottomline is, there's no policy that's a sure solution to fix forex palaver. Anyone thinking forex issues is just a matter of policy will run into the confusion Zombies are battling with now.
The solution is to jump-start the economy to be productive, plug leakages and corrupt tendencies and ensure that govt business is done in a straightforward and accountable manner instead of rent- seeking.
If all that is on ground, whether you fix o or you float o, the naira will be alright.
Any other thing is chasing the wind.

Raskimonojendor:

Where is your proof?

Suddenly you need proof to believe bloomberg
You didn't ask for proof when same bloomberg declared naira most improved currency sha

And the report has only one writer not two so I don't know what you mean by "one of the writers"

Goodvibes007:
News or report is not Factual or based on fact

The report says: "raising concern".

The mods should fix the headline as it's misinformation as it is right now.

Na so the thing hit you reach you had to change moniker @Raskimonojendor

Raskimonojendor:

Even if it turns out to be true since this report is still based on guess work and zero evidence , isn't that what you people want i.e. for naira to return to it's previous rate of exchange? They float you complain, they return to previous government style of subsidizing the dollars, you still complain.

They float, you defend, they return to subsidizing you still defend.
What exactly are you defending?

benuejosh:
in economics it is called stabilizers.

Which economics is that one?

These APC bots are a bunch of dullards

Johncarlo07:



Agbadorians nd Stupidity!
Peter Obi’s driver was caught wit 250,000,000 which he said belong to Mr obi. Mr obi was called upon,nd he confirmed d money belonged to him.
D question morons lyk u shld ansa,is (1) Was d money intercepted to b shared during election? (2) Is Peter Obi too small as a business man to move 250 million in raw cash?
Even everyday business men move more Dan dat in cash.
In d case of Tinubu,he brought two bullion vans into his Ouse on election day,nd start sharing. We knw Peter Obi to b a businessman,even bfor a nitwit lyk u was born.pls, can u mention businesses ascribe to Tinubu prior to becoming Lagos state governor? Lyk dey say, common sense is nt soo common.

Secondly u talked abt Peter Obi keeping money in save havens. Business men all ova d world do dat. because of d tax free incentives associated with such haven. Even Elon musk has such account. Wat a roach like u shld av done was to tell us if investigation were conducted, nd it was discovered dat d monies were truly stolen by Mr Peter Obi.

Ur jst lyk d Reno ur supporting. Reno is an opportunistic douchebag,whose only interest is his stomach. He has no love for Nigeria at all. Its his stomach dat dictates his direction.

Go get a life bro,Tinubu is a corrupt individual, a thief and will offer Nigeria nothing! Going forward.

D James Ibori u compare Peter Obi wit,was arrested,convicted nd jailed. Up till now, no one! No government agencies has indicted Peter Obi of corruption.
If u av show d world nd let us see,or shut ur stinking mouth up!

SO you actually believe that lie of N250m? LOL

DesignMaestro:


https://www.facebook.com/100057351074401/posts/933740101881017/?app=fbl

Jus say you need a job

Stop crying wolf where there is none

BondRiv:
Makinde sef. Na wa.

Be like your eye don dey clear

Tjra:

Na so we go treat her fck up "prettily"

Yorubas don't harbour mad people amongst them.

Do anyhow, you turn outcast.

If anyone dares to touch this prophetess of our time who is working for the liberation of Yorubaland, such persons will face our wrath! We will declare sit at home throughout Yorubaland. Though that will be on Tuesday cause we don't want to have anything to do with those pesky omo Ibo
That's why we have a prophetess while they have a prophet

Tjra:
The Agulu clown has run out of words to keep his mob excited.

He just has to say something to make them salivate. Unfortunately, this right here is bunkum.

Just like Zelensky of Ukraine, the world and Naija has moved on and left you behind Mr Gbajue.

We've got better things to think and work on.

You don't have anything to say about the concerns he raised? It might be too your benefit you know...

@Legendhero, I have taken my time in the interest of fairness to lay my hands on oil data for 1999 to 2005. This is because while I still believe using crude production as an excuse for poor management of the economy is lazy and peurile as it is a case of a workman blaming his tools, I am very certain that head to head, APC has had more dollars to play with from oil than PDP did.
I was able to get the data from NBS website as I suggested to you. Curiously, it stopped at 2014! However, since the overlapping values largely tallies with those from CBN, I think it is ok to go with it. You can access the data from this link: https://nigerianstat.gov.ng/elibrary/read/627
Some points to note.
1. Since the data stops at 2014, and APC has only ruled for full 8 years, I decided it is only fair to compare APC and PDP in terms of their first 8 years. Note that PDP met official naira exchange to dollar at N22 in 1999 and left it at N125 in 2007 which is a differential of N103 at an average of N12 loss in value per year. APC took it from N199 in 2015 to N900 at the end of 2023. This is a differential of N701 at an average of N87 per year.

2. Again you showed yourself poor at maths. The calculations you gave was based on average monthly production. To get the full picture, you have to multiply the average by the number of days in a month and then the average price given by the CBN report to get total revenue for that month. If you do that, rather than the funny $23bn you got in 9 years for PDP and $10bn in 9 years for APC, which are definitely unrealistic, you will get $348bn for APC as at 2023 Dec and $285bn for PDP as at 2007 Dec. With these figures, it is clear to everyone who had more dollars to play with in their first 8 years.

3. Note that I still insist that crude production cannot be a veritable metric because it is within the control of the govt in power so you cannot in all fairness use their laxity and incompetence at crude production as an excuse for their failures.

Thank you.

It is not favoring them and their family

APC Zombies defending corruption since yesterday like their oxygen intake depends on it.
These are the lovers of Nigeria
Kano has the highest number of out of school children
I thought those who love Nigeria will love Nigerian children even the poor ones
Or is it only Dangote and Tinubu that are Nigerians?
The metamorphosis of APC from a party that abhors corruption to one that actively encourages corrupt dealings is one of the greatest wonders of the world.
What is more wonderful is that throughout the metamorphosis, their supporters have remained in the same hailing mode.
Shame on them all

predictor1:
Weyrey is still talking. Grasping at straws after his arse had been burnt multiple times on the main issues (1)which party had the higher oil price on average (PDP)
(2) Which party saw the higher loss of value for the naira(PDP again). Idiot is now battling to save face.
He has even added lying to his other weaknesses. So who typed the formula in the screenshot below? We're you so punch-drunk while typing it you don't recognize your own nonsense anymore, Omo ale?
I'm glad I've shown you up as the lying bitch you are. Be man enough to use your own formula. A smart liar would have at least tried to edit it but you've got poo for brain.

At least I showed my own workings for everyone to see, you even quoted my figures while arguing with others and I'm sure you will still use my figures while arguing in your smelly beer parlour. Be bold enough to show your own workings if you are not a bastard.

At least you gave us this formula.



Oya if you are not a bastard use the formula you gave us to do your calculation ABI how did you arrive at 0.88%? Did you pull it out of your bumbum?

Look at this fool
I challenge you to show where I ever wrote 0.88% as the answer else you're a lying incorrigible bloody bastard. Bloody illiterate peasant who can't discern between decimal and percentage.
This is the formula I gave you in the screenshot. If you're not a bastard, use the formula in the Google screenshot and show me 0.88% as your answer.
The idiot is still going back to what his fellow idiots have run away from. The fool says 91 for PDP and 56 for APC and even threatened to show calculations only to end up with another set of figures yet the bastard still has the nerve to type other foolish nonsense from his empty sawdust filled brain.
Oya, show according to your threat that APC had 56. Bumbling idiot. Anuofia. Omo idin. Omo paa bibon. Omugo. Amusua to n wato lenu. Anu mpama.
Only an idiot will see a typo and not know it but will be using that as excuse to cover his shame. The Google screenshot I gave you is still there. Go and suck on it like the shameless fool you are.
This is the formula below in the screenshot and I stand by it. If you want to make a fool of yourself by harping on a typo, you're free to go ahead. Obo Lagido. Okpmoriorior

Is bomb making and killing non-Fulani part of the series

predictor1:
Jobless monkey. You see how I ignored you in the morning. I will continue to string you along now like the monkey on a leash you are.

I did my calculations and gave you figures $65 and $62 which you agreed with and you have copied yourself. Now over to you:
What happened to this formula below? At least you came up with it claiming that was what you used to get your 0.88%. Now use it for us to see...
Or do you admit you were wrong?



At least you claimed you were good in mathematics, so the formula above with your moniker attached to it, is it correct or wrong? You are a bastard if you can not use it now for all to see.

Your head must be in a mortar which is being used to pound ground cassava
Where did I agree with you?
Oga prove your 91, 56 or you're a bastard!!

It's obvious you're daft. Which formula did I give you? The one in the Google screenshot is the formula i gave you. I don't know where you're getting your nonsense from.

You have still not used the formula to prove the final answer 0.88 is a percentage. Use it or you're a motherfuvking bastard

nairalanda1:


And the APC Jokes will come and say ...HE IS NOT PAYING SUBSIDY.

There has been a subsidy since October last year, otherwise fuel would have been costing N1000 or more. The government wants to stay in power, which is why they keep the subsidy.

The funny thing is there are people who oppose tinubu, blast him for wasting money on subsidy, and lying about it, and then turn around to support the same subsidy.

If the subsidy had gone in 1993, by now we would have had more than six working refineries, and a ton of exports of petrochemicals. But Nigerians WANT CHEAP THINGS.

That's a lie
Removal of subsidy will not fix refineries or carry out maintenance

garfield1:


Was ganduje not elected? Every action deserves a reaction son

Who elected him