₦airaland Forum

jboixxx:
[color=#0000ff]Even the I and E window de even sell at either BDC rate or higher sometimes. As it de go, some of us go see Naira cards as a no go area if they eventually lift the ban. [/color]

not really. The reason for the naira card is easy use, no needs ending naira, converting and all that crap. Also sure refunds guaranteed.

Take your children off that godforsaken country. Give them a better future. You are working for peanuts and competing with the whites that buy their iPhone and even forget they bought that phone within same month.

What will happen now?

The Uk are getting hammered left and right since the whole brexit debacle. This is literally the last kicks of a dying horse. They aren’t doing this out of the abundance of their heart, they are doing this because they literally depend on this to work.

greatestdestiny:
Anarchy where? Please go and bloody sit down! If care is not taken we shut the tribunal down.. Anarchy my foot! With all those cancelling of results you people did on INEC papers in your region and Lagos State, you're still shamelessly going to the tribunal and requesting for papers as if LP financed the election. You guys are lucky Jagaban is not a dictator. Get lost!

the opinion of an animal is as worthless as a sick swine. But even that has much more value.

This organization is inviting anarchy. Do the right thing and follow due court process if everything is clean.

obembet:
Subsidy still covered till June ending.


It will kick off in July 1.

VP and NLC are reviewing the new salary scale


Bad belle people, always looking for bad news to pain Government bad.

I don’t get this? Subsidy still covered till July? Yet price of fuel has been updated by the government? Transportation has gotten expensive and every other thing get more expensive? Yet your defense is fuel subsidy still covered till July?

Fear of being sacked.

gabbytabby:
Control that which you can control. You really are not helpless.

Only use low energy 5watt or not more than 10 watt bulbs.

When you buy fridges and /or freezer check for low energy usage or those with inverter. Same for AC. Be intentional about everything you do and you will see that things are manageable.

There is a lot of wastage in the use of electricity.

no matter how much you think you control, you’ll burn through 2 or more units daily.

DevilsEqual:
The power of the government can be likened to a superpower(something extraterrestrial)... There's almost nothing u cannot do


In the meantime, Nlc and TUC are beginning to act like saboteurs, they don't even wanna negotiate on how to make things better and balance.


Theirs is to always find a way to run from work yet their fight barely yield anything positive enough to affect the masses

this isn’t the power of a government, this is the corruption of a government.

gabmanuel:
Finally seeing the full disadvantages of LPG and CNG.
Other states should also educate the person more about this as people tend to rush into it because of the reduced cost.
Seun, Lala, this is fp worthy

did you read the news at all?

Katsuki:
Didn't say I was sure
But here goes

Just found this amazing item on AliExpress. Check it out! NGN 509.84 50%OFF | Original XIAOMI USB 3.1 Flash Drive 2TB High-Speed Pen Drive 1TB Metal Waterproof TypeC Usb PenDrive For Computer Storage Device
https://a.aliexpress.com/_mtl7rlQ

hope your doubts are settled. No good 1TB ssd will go below $100. All you see on that website are fakes. Good luck.


https://www.youtube.com/watch?v=v7YBCynA-b0

Katsuki:
Actually looked through the reviews
And most buyers confirmed it wasn't fake
🤷

you are in for a rude awakening sadly.

zubebs:
I'm facing similar issues now
Ordered mine Feb. Ending and till now no phone. Dispute favoured seller, appeal didn't work either and nipost keeps telling me to wait that customs hasn't cleared it. I'm out of ideas on what to do. Anyone that can help please do 🙏🙏

how did dispute favor seller for an item you haven’t received?

All the struggles, all the campaigns, all the money, everything all gone.

This life is temporal, the universe is finite. Find peace in knowing that whatever you feel you are today will come to an end eventually.

I’m a strong critic of this man and I truly didn’t believe he would work, but I have no shame in swallowing my words. He is indeed working and better than the animal that left that seat. I hope he succeeds and I won’t lie to say if he indeed works and truly delivers I’ll vote for him for a second term.

Coolsat:
Nigerians will not rest over these things until they are banned.

exactly.

When will naira cards work on dollar sites again?

Animal in monkey form.

LegendHero:
To me, the actual big deal is that he could do all this without the usual grounding of the country from the big boys of the industry benefiting from all this.

When Bloomberg praised Tinubu yesterday, they did not do that because he removed all these things but they specifically mentioned that he was able to maintain stability and peace after removal, something that usually lead to chaos whenever any government try to do that since 2003.

I think he was able to achieve this because he got lot of loyalists in all corners of society. From the street, business world, Labour world, trenches, politics, international community, and etc.

No president can get away with removing fuel subsidy & unifying exchange rate in 2 weeks without sparking massive protest that would have grounded the economy. Tinubu mandate is divine.

I have never supported tinubu, I have always supported Peter Obi, but you are right. Absolutely right on this.

Broskyjames:
I will try to explain as simple as possible. In the hale days of Meffy at the helm of CBN, through some bad economic projections, him and PMB assumed the naira to be "461 to the Dollar", Hoarders and friends of Meffy had a field day, they were able to get the dollar at the CBN rate of $461 and sell on the black market for around 550 (2017) before it steadily rise to the about 780 it is today. These actions spooked the market. Genuine investors didn't get these dollars for investment at CBN rate because of these "Special friends", and they took thier investment elsewhere. Some Industries like Airline who brought in forex at black market rate where told to collect back their forex at CBN rate, which meant instant loss and so i know a particular airline who has about $800m trapped here because of this!.

As the years roll by and as Meffy and PMB continued the charade that the naira was trading at "460" to the Dollar, it became evidently clear that CBN had no forex to keep up with this charade, and so so restrictions and plans were kicked in motion to arrest the situation. First was the famed reduction of Forex debit on Naira cards, it was reduced to $100 per month, $50 dollars per month, to even $15 per month! before they basically just cancelled forex debit on Naira dominated cards. A little detour, That time you could use your Naira card to shop on AE, what happens is that you pay in naira to your Bank, your Bank pays AE from thier own Forex reserves, as the forex got depleted, that why they stopped it. The only way now is to bring in your "own" dollar physically and that's where dom account and Dollar card comes in.

Let's continue, CBN even started forex promo! They advised people to bring thier dollars for a discount, i think it was $5 and get $1 discount, and still the Naira and Forex balance never recovered because people knew that the Naira was on life support.

On May 29th, 2023, Tinubu on his inaugural address, stated a plan to "float" the Naira, and the first step was to get rid of Meffy, which he did last Friday. And so today's announcement, means the forex market is an open field for all, no more CBN rate, instead you have something called "Unitary rate" meaning the CBN rate and black market rate are one and almost the same determined by market forces. It opened the forex window for banks to trade the dollar at any rate as determined by these forces and source it from anywhere. Meaning if a bank is offering me dollars at 700, the black market offering me at 780 will have a rethink, and push thier own prices down in a direct competition with the banks.

What it means for you and i is that, the beginning will be very rough but it will pay off in the end, the reason why most Virtual Dollars are down now is that they want to see how the market will react to these announcement and projection are the dollar might trade between 800 and as high as 1000 naira in the coming days!. The country's forex reserve is almost next to zero, It is the hope that the announcement will encourage investors to bring in thier forex without fear of it been trapped at "CBN rate", other forces will come into play too i.e like the gains of the subsidy removal etc. Steadily these will balance the forex and naira trade driving the exchange rate back to a favourable rate and who knows the bank might even announce a return of forex debit on Naira cards in the coming months....fingers crossed.🤞

this is the positive side of things and can only work if the government and banks have ways of steady meeting up with the FX demand, if not, it can go sideways and you’ll have both the CBN rate and black market rate reaching up to as high as 1500 per dollar. A corruption free country would achieve this but with the same Nigerian senators that manipulated this dollar rate thing in the past still being in power, and the previous CBN deputy governor being the present governor ? It’s wishful thinking, but let’s be hopeful.

AzaFintech:
Will CBN regulate this?
I forsee BAT lifting the crypto ban

already lifted by Buhari.

Sponsored post that’s paid for. Beware of this huge caveat.

JobNeededUrgent:
hi! Are you still recruiting people?
I need a job.

someone that called people jobless, few threads ago. 🤣🤣🤣Litany of a hungry pauper.

JobNeededUrgent:
These useless and jobless people never still find the lost manhood for their con man?
Una go search am tire.
My advice to PBAT.
FG should declare obideints as a terrorist group cos they're the opposition working hard to frustate Asiwaju 's tenure.
But God pass them.
Nigeria is great

an animal on 15k monthly salary income is calling people jobless. What a world. 🤣🤣

Very good question.

Two key things here. They didn’t deny dangote didn’t get a license. They simply denied having the power to give licenses. They are saving their necks .

Agbadocassava:
The children of the poor are criminal minded they won’t pay the if those terms are not there.


Simple palmpay loans they can’t pay

then that bill is unnecessary. A scam like subsidy waiting to happen. Subsiding education for the rich that can afford it is not something a dying nation needs at this time.

Egoat:
Put some resspek on PBAT's name.
The strategist.

you are respecting and celebrating the monopoly of government. Lol this isn’t the feat you think it is. Checks and balances is good for a nation. This is an authoritarian pretending to be a democracy. First sign of a dying country. This country is only alive because it hasn’t experienced threat from hostile countries. Pray it doesn’t happen because corruption has eaten deep and left the first line of defense unprotected.

This is exactly why Putin is loosing his war. He hand picked YES men to rule alongside him and no one ever told him the truth that their army is subpar.

Tranquility2345:
No. Your father is the stupid one for birthing a slow poke like you that can’t comprehend basic English. How do you prove that you are the best in the world as a coach when you have always coached superstars? Go and talk your nonsense with your fellow slow pokes. Mugu

lol. Mugu raised to power clown. 🤣🤣.

PSG is a clear sign that great players alone is only half the job

fabuloz1:
You have forgotten so soon Messi won the world cup?

not just that, he was the best player of that tournament. And won almost all the man of the match.