₦airaland Forum

DomPerignon:
Tribalism just as Nationalism is the antithesis to Ibo Marxism

But how would a classless society specifically benefit any ethnic group—or anyone at all?

Kukutente23:
Stop writing nonsense man. You need to take yourself seriously. There is no ground for comparison between DAS and Bmatch. Bmatch is Bloomberg proprietary software to fix forex rates between banks and their firms. Both still use market rates. I challenge you to explain how Bmatch is more transparent DAS. You simply do not know what you're talking about.
If you agree now that sale of forex to BDC is not captured in Bmatch, and CBN is selling dollar to them, how do you know claim that the present system is better than DAS? You see how you are confused now?
Bottomline that you need to learn from this convo is that DAS and NAFEM are both market driven rates. Bmatch is the software used by Bloomberg to trade forex and CBN adopted it for use. There is no sensible ground for comparison of the DAS and Bmatch.
Only Buhari embraced fixed exchange rate regime since 1999. No other govt did so. Stop filling your head with APC lies that Tinubu is the first to use market rate to determine naira value

Finally, you did some research. Bmatch is more transparent—it operates as an automated buy/sell system similar to the NGX, requiring naira liquidity to place FX orders and vice versa. Can the same be said of DAS?

Access to Bmatch requires a Bloomberg terminal, which costs around $30K annually. How many BDCs can realistically afford that?

NAFEM has been discontinued and replaced by EFEMS (Bmatch). What you currently have is simply NFEM: https://www.cbn.gov.ng/rates/ExchRateByCurrency.html

The main point of this discussion is the disparity in exchange rates between the official and parallel markets, which, according to the data provided, has significantly narrowed to less than 2%. Since 1999, when was the last time Nigeria experienced a disparity rate below 2% between these markets? Perhaps I’m too young to recall, but could you mention the last administration since 1999 that operated a market-reflective FX rate with only a 2% price disparity?

By the way, thumbs up for your efforts—many here would rather resort to insults.

Kukutente23:
Argggh. Young man you need to stop doing this to yourself. Can you explain the difference between DAS and BMatch and how one is more transparent than the other? Are BDCs activities also captured in the Bmatch platform?
The lie is that you claimed that 122 to 150 is a 27% disparity. That's a blatant lie. The convergence you have now between parallel and official rates is because CBN sells to BDCs at the official rates and mandates them to also sell within a range. Can you explain how that aspect is market driven?

Old man, I have given you an assignment: go look up the difference between DAS and Bmatch. As for BDCs, they are not on the Bmatch system yet—I think it’s mostly because of the nature of their small-scale retail transactions. Maybe your math calculator is faulty: 155 - 122 = 33, and if you represent 33 as a percentage of 122, it equals 27%.

Unless you’re replying with knowledge about the difference between the two systems, I won’t bother to reply any longer. Have a good day.

SalamRushdie:
Keep deceiving yourself with all these excuse manufactured terminologies , there is nothing like subsidized currency , if you say Jonathan subsidized the Naira , tell me how much the subsidy was in one Dollar to a naira ? You just have to agree that APC is gang of empty headed people who no nothing but love bandying terminologies 😂😂... When PDP was subsidizung Naira GDP per Capita was 3400 dollars now under APC 'managed float ' the GDPK is now below 800 dollars , inflation double digit , FDI worst ever , Growth projection worst ever , unemployment worst ever ...what do you guys know how to do well other than promoting banditry

I was hoping for a reply grounded in logic rather than mere opinion. Have a good day!

Kukutente23:
How is DAS an opaque system? Can you clarify how exactly DAS is opaque and pegged? Is the present system more transparent? How as well?
How is a rate of 1545 official to 1570 parallel a 4% difference? Don't come here to spew lies please. Respect yourself

Between DAS and BMatch, which is more transparent? One is automated, the other aggregated. I tend to be generous with my numbers—the rates you're quoting actually show a difference of less than 2%. So, where exactly are the lies?

P.S. You might want to look up the difference between DAS and BMatch before responding. 😄

historic:
So somebody that you guys said didn't have any structure was allowed to carry out rigging and the so called structured parties folded their arms while the rigging was going on. You guys are not always sincere with your comments and I wonder if you do that cos of party affiliate or that's truly who you are ( being dishonest) and if the latter is the case then we are in big trouble in this country!

In politics, it’s common to secure votes in your strongholds and try to weaken your opponent’s support—this is basic strategy, not a matter of honesty or dishonesty. That’s why some candidates won over 90% of the votes cast in their strongholds in the last election. The idea that a candidate lacks a structure is misguided, especially when the same candidate employed religious sentiments—a key factor for both Tinubu and Obi—which served as a strong foundation for their electoral results.

Kukutente23:
I already answered you! The system in use by CBN was the Dutch Auction System which determined the rate.
The official rate was 122 while the black market rate was 155 in 2010
What's your point again?

My point is that the opaque system used by the CBN previously dictated the market, which is why there was a 27% disparity between the official and black market rates based on your own figures. Now, what is the current percentage disparity? Today, the spread is around ₦50, which translates to less than a 4% difference from the official rate. This significant narrowing is largely because the rate is now market-driven, rather than pegged.

What exactly is wrong with tribalism? People naturally organize themselves into groups—there’s nothing inherently wrong with that unless you can clearly outline the disadvantages. Tribalism is just one form of bias. For example, I've seen employers show a preference for graduates from UNILAG, Covenant University, etc.—and often with good reason. These graduates may require less training, both in time and cost, compared to others. For some employers, it’s simply a matter of preference.

Rather than focusing solely on eliminating tribalism—which is akin to trying to eliminate all human bias—we should prioritize promoting justice, equity, and fairness. The goal shouldn't be to deny group identities, but to ensure they don't result in discrimination or injustice.

Kukutente23:
Are you saying dollars was subsidised in 2015 under Jonathan as well? Your party could only come up with Dasukigate of $2.1bn after Jonathan left office. Are you saying naira ought to plummet because a sitting president spent $2.1bn on an election?
You have not shown any proof that dollar was being subsidised except the bunkum fed you by Bayo Onanuga. Currency is not a commodity that can be subsidised. You guys display such shocking ignorance

Who determined the FX rate in 2010—the market or the regulator? And what was the percentage disparity between the official and black market rates at the time?

Answering these two questions should give you the clarity you're looking for.

SalamRushdie:
You have come to embarrass yourself self again on the altar of needless sycophancy, since dollars wasn't 150 in 2010 why do t you tell us what it was and and how much was being used to subsidized one dollar ? There is nothing like currency subsidy , Central banks have a mandate to manage the demand and supply of foreign currency, it's called currency defense , even the Tinubu govt is heavily doing it today if not the the price of the Naira should be 1950 as we speak ... if Jonathan was subsidizing the Naira was he also subsidizing the GDP per Capita which was 3400 dollars ? But today under Tinubu it's a miserable $800..Was Jonathan also subsidized FDI which was the highest is Africa through our his tenure but today Tinubu can't even attract 1.2 billion dollars..

If Tinubu had his policies right . the naira will be nowhere near 1600 it is now ..the man in a bid to rapidly enhance Oando made a huge miscalculation of moving Petro price to 590 not realizing that would trigger attendant inflation and also affect the demand for forex ...The man knows nothing about economics and even you will agree at the end of his tenure because he will have no result anywhere

This your question shows you have little to zero knowledge of currency management. There are three possible outcomes: 1) full float, 2) pegged, and 3) managed float. What we used to have was a pegged rate (subsidized), while what we have now is a managed float—meaning the CBN allows market forces to determine the exchange rate, but occasionally injects or withdraws FX to maintain stability.

To answer your question on whether GEJ was subsidizing the GDP per capita—the answer is yes. When you peg your exchange rate, your GDP in naira is converted at that fixed rate and then divided by the population, which typically results in a higher per capita figure compared to using a floated (market-driven) rate.

have very limited knowledge of the airline industry, but I do understand it's a low-margin business. Would it be possible to lease or transfer those BASAs to other African carriers? That way, we could keep the capital within the continent and still generate some revenue, rather than losing out entirely.

Techm8:
Where did you see "DM for price"? The price is there in the original post. DM is for Interested people and further negotiations

I didn’t catch that earlier—sorry! Hope your sales go well!

Techm8:
It's a really good device. Send me a Whatsapp message let's talk

Why not just post the asking price? All these 'DM for price' requests seem unnecessary.

It's only a matter of time before you all return to the PDP—we've seen this movie before.

It's clear—just like the recent orchestrated media attacks on NNPC. But as usual, their attempts at propaganda are clumsy and poorly executed

carzeem1:
So in summary, he is not going to step down for anybody.
To be fair to him, if he singlehandedly polled almost 6 million with all the rigging in some states against him without any structure or support then he is the man to beat.

However, I don't believe he will stick with 1 term, a lot of people will be on that premise too. Core Northerners are too desperate for power to allow it slip for 12 years.

All the political parties and their candidates were involved in election rigging, particularly in their strongholds. Interestingly, despite the widespread perception of Atiku as corrupt, his name did not appear in the Pandora Papers—unlike Peter Obi, who did. This raises questions not just about corruption, but also about competence. After all, how can someone be considered intelligent yet still be exposed so blatantly—even in wrongdoing?

Awoleesu:
First, on the question of who's more politically popular in the North. Generally speaking,
Kwankwaso outweighs Shettima in the general north.

Kwankwaso being from NW zone (the largest voting block in the Federation) has single-handedly pulled over 1million votes in the last Presidential election while delivering his home state (Kano) to his party (NNPP).
Shettima on the other hand hails from NE geopolitical zone (the least dense voting block in the North, though considered a strong politician in his home state (Borno) having served 2 terms as governor and successfully installing his own successor may have some voting influence but certainly not in the shade of Kwankwaso's.

Having affirmed all these, let's now put your permutations into perspective:

Would you honestly expect the general south to sacrifice their turn for a northern candidate given the scheme of things in Nigerian politics?
I very much doubt this, and this factor may even play a huge role in the larger picture of 2027....

Then, there's the idea of an Atiku/Obi vs A Tinubu/Kwankwaso ticket in the race.
If the 2023 elections were anything to go by, it's only a question of a simple addition and subtraction to arrive at the answer that the odds appear to favour the former because Atiku/Obi = 6+6 (approx. 12m) to a Tinubu/Kwankwaso 8+1 (approx. 9m). So, you do the maths.

But it's like I said, the game may be different this time around given the North/South dichotomy that always influenced voting pattern in Nigeria.

You should acknowledge that there is no more Christian voting bloc for Atiku/obi plus southern sentiments. 2027 Will teach us all new lessons.

Racoon:
Just negodu anuofia! I am not responsible for Peter Obi speech flaws but It is a pity a grossly unstable character like Reno Omokri is the one trying to lecture the world on truth and integrity.

Giving his flippant and chameleon nature, this randy anywhere belly face political charlatan is not worth the attention of any sane humanity

So now outright lies are just being called ‘speech flaws’? What a time to be Nigerian. 😅

I am not sure I like people exposing private conversations its just not appropriate.

You should be more worried that Atiku allowed him share that email --- it appears even Atiku is not in good terms with Obi and he's looking to undercut him. Reno is still largely loyal to atiku, I doubt he will share any private conversation without clearance from Atiku. My calculation off this is that Atiku wants to the coalition ticket and as usual he will get it leaking the convo is part of their plan to whip Obi in line. Its best that Obi continues to ignore reno till further notice.

My bet is on either HMO or Tok Abiru — they both fit the ideal profile, especially Tok, given his background in finance plus Lagos east agitation to complete their own 8-year tenure.

ComeToJesus:
The media is powerful. Just yesterday night on Arise Primetime, former SSA to the president Alitu Audu called the president out for his anti democratic stance on the issue of the chairmanship of the party.

The guy was so clinical and sound in his analysis of the matter.

I don’t understand how people can’t see that his anger stems from being sidelined in the FCT chairmanship position he’s been eyeing—thanks to Ganduje and Wike. Everyone has an agenda, even the masses.

We need judicial reforms to fully restore public confidence—but the question remains, can we afford them?

004gist:
. Judgement issued 2024 and u are painting the wall few days to the demolition!?..
Hope u heard they have a c of o since 2013?.

Why will someone that present a c of o of two years back to invalidate someon who has it previously 14 years back?

Deborah claimed that she went to see her sick parents and came back to see property taken over... How true?

Why go to seek court case without informing the occupants or serving them papers?
Why will a court issue judgement without the accuse hearing?

You really don’t need to defend your candidate—it’s quite embarrassing to see a major presidential contender publicly fighting over land disputes on social media. Can you imagine Atiku behaving like that? If he can’t manage a simple land issue, how can we trust him to handle party or national challenges? It doesn’t reflect well on him. Next time, he should leave these matters to his legal team instead of getting personally involved. He’s no longer just an individual or a small-time trader running a one-man show; he represents a national institution and should conduct himself accordingly—not resort to theatrics to stir up cheap emotions.
That said, politicians have bad days just like anyone else, so it’s no big deal. Onward to the next challenge—how’s the coalition coming along? Godspeed!

Congrats to everyone who supported the bills! May Nigeria Win always

jmoore:
Una go explain tire.

Peter Obi said he asked those doing the demolition 'whose orders are they following?'. They failed to answer.


Even the alleged Land owner sef just dey babablu.

How can you hire people to demolish something and the people you hired don't know who hired them.

Tell him to provide proof of ownership—IMHO, the acclaimed owner has more believable evidence compared to your guy, who decided to switch on a ring light to create content instead of providing evidence of ownership.

Kingsgaga:
I have said it here before, the tax reform will only bring pain, agony and poverty to the common man. I was part of the training last year and I vowed never to work with them. Even the old women selling in front of their houses, food seller, mechanism, hawker on the express, everybody will all begin to pay tax. This will only increase the price of goods and services and thereby make the masses suffer. For those supporting may Tinubu governmenthappen to you and your family.

When we ask what do the masses been taxed stand to gain. They mentioned quality health care, road lights etc. The simple question is, if those in working for the government, don't av access to these, is it those paying menial amount will? The answer is NO

A hawker/food/seller etc earning over N25 million per year should pay taxes—don’t you agree?

Ttalk:
If truly you earned your certificate you won't be talking like a kindergarten dropout.

How on earth will you wave away the power of incumbency of the governor. Do you know the number of people directly benefiting from the governor and those that made the political structure of PDP that eventually moved to APC?

Though you claimed Delta, but I can smell akpu sense in what you said. Continue to have opinion on Nairaland

I have theory that no member of the house of assembly has anything less 10,000 loyalists who will always do their bidding on election day thats 4.6M million people of which about 65%+ will vote for the president thats 3M vote in the bag before election starts---its an important and influential part of the politics.

thesicilian:
Today you can binge an entire season of suits from your couch, unlike us in those days who had to climb the trees at the back of our houses to watch an episode then go back the following week for the next episode? You guys keep saying all sorts of shiits just to make money existent points.

. You’re not making a point—you’re mocking progress because you’re sentimental about discomfort. Climbing trees to watch shows or swapping pirated CDs wasn’t charming—it was what we did because systems failed us.

Today, access is better, creators get paid fairly, and global poverty is lower than it’s ever been. That’s not some fancy idea—it’s measurable progress. It comes with problems, sure, but it also solves the ones we used to normalize.

We can laugh at the past, but let’s not pretend it was better. We moved forward for a reason.

The "good old days" weren’t always that good—especially compared to today’s convenience. Those times were often stressful. So why the nostalgia? In many ways, the present is better. Life is meant to move forward.

Today, I can binge an entire season of Suits from my couch; back then, I had to keep swapping CDs. Creatives used to be exploited by middlemen, but now platforms like YouTube let them monetize directly. These so-called “bad days” have actually spread opportunities and income to far more people.

See the trajectory of this matter it’s obvious —Nigerians are the problem of the Nigeria and to those that like to blame the leaders always they don’t fall from the skies. Until there’s a consequence for bad behavior we will continue to deal with fifth world problems. NASS should make a regulation that ensures that unless all civil servants are paid no political office holders is eligible to any compensation and when same civil servants to decides to go rogue they should be shown the way out within 2 weeks. We’ve to continuously think of how to use laws & regulations to curb our collective greed and incompetences.