₦airaland Forum

YourKarma:
God bless him for yarning bullshit? Seems you smoke the same brand of weed that guy smokes

FreeStuffsNG:
It's actually South East versus North East competing for the top spot for who is the worst in child right neglect. Not everything is funny and definitely this is not funny, these are real children whose destiny and lives are at grievous risk.

Here's calling on the authorities, especially states Governors, to address this serious problem.

The two zones are the hotspots of terrorism in Nigeria and this could be a feeder to the terrorism prevalent in North East and South East of Nigeria.

May God bless Nigeria for ever! Check my signature for free stuffs!

Blaze14k:
Please show me were you got 5.5 billion for march cos this is what I got, $1.5bilion . Secondly the $1.2 billion I showed you is coming from a research analyst Charles aburde. So it's not a propaganda as you portray.

This is the link I saw in regards to fx gains from cbn. https://www.thecable.ng/nigeria-recorded-over-1-5bn-fx-inflow-in-march-says-cbn/amp/

Post the link were you got yours I detest lies

Almunjid:
I have a modest grasp of the events of yesterday and today, yet the future remains a mystery to me. I’m not suited for discussions or predictions about the future FX rate; such topics don’t pique my interest. I'd rather defer to the economic experts for forecasts. What I think we hold for the future, after our leaders gave their all in the present, is "unwavering optimism". I trust that all will be well with our nation, its leadership, our currency, and the economy.

In response to your curiosity about the future, particularly the FX rate on 29/05/2024, I must admit that my crystal ball is a bit cloudy on the matter. While I share your suspicion that there might be a concerted effort to maintain stability, especially with political winds at play, I prefer to anchor my hopes not in "predictions", but in "the diligent work" our leaders set forth today. May the collective efforts of our leaders steer us towards a prosperous and stable tomorrow."


Shalom!

SmartyPants:
Well as long as subsidizing the naira remains a budgetary priority. But i also think it won't be necessary soon.

FireUpNow:
I hope so and I am looking forward to when the floatation of the naira will end.

dequir:
Your economic analysis are way way above the understanding of those you are educating.

But thanks nevertheless for making the prognosis of the current Naira exchange value explicit for us. Please keep it up.

Almunjid:
Had I not challenged your initial assertion that the dollar’s decline was due to the use of 1 billion dollars from our foreign exchange reserves, you might still be promoting that erroneous view. Nonetheless, your latter explanation appears more reasonable, which I won’t contest. It’s crucial to maintain consistency and coherence in our statements. This is important because those who read your first comment and miss both "my rebuttal" and "your revised opinion" might accept it as an absolute truth, potentially leading to the spread of misinformation among the youths.


Peace!

SmartyPants:
There is nothing wrong with defending the naira in order to solve the problem of sabotage. Emefiele's problem was defending the naira at CBN only, while allowing the black market to run riot. This then created a market for arbitrage, further deepening the gap between the CBN and parrellel markets.

Under this approach the parrallel market rate trended upwards with an increasing gap from the CBN rate. Under the new approach the gap has been nearly eliminated, with the both rates trended down, where they need to be.

When the rates reach the optimal level, with Nigeria's trade surplus increasing, there will be less need for a defence, as long as the CBN through the EFCC maintains control of the parrallel market.

Sorry, but things are on a firm trajectory to get much better.

Blaze14k:
Bros you are the one to answer that question. I already gave you the answer to your question. So go ahead and prove me wrong with a substantial evidence

Blaze14k:
Bro it's not up to 8 months since the dollar crashed from 1900 to 1130 as of today. The cbn was simply buying time for dangote refinery to start work that is why they have pumped money the made through the inflation to crash the dollar. Don't forget it brought a negative effect on the economy

FireUpNow:
I haven't seen it's effect on rice, garri, groundnut oil, palm oil, fish, meat, Chicken, eggs etc

Blaze14k:
It's not about being happy or sad but it's obvious the cbn is subsidising the dollar rate so there's nothing special, it's normal. Buh my problems why make us suffer inflation when he could have continued subsidising the naira. The problem the country is currently having is production.

DMerciful:
Emefiele's policy of defending the naira!
Only thing is that the naira is foolishly being defended at a higher price that does not favour the govt nor the citizens.

How can the illegitimate president damage his presidency by himself?!

Slytiger:
They do. My uncle and his family have never flown any airline aside BA. Of course, he is a big man and Senior Advocate of Nigeria. Poverty or being poor is the least of the family's problem.

I myself have never flown an African airline outside the country, except for Bellview Air once to london Heathrow in 2008, for my own personal reasons.

You can't guilt trip people to fly airpeace no matter how hard you try. You can't decide how someone choose to spend their money. 😂

handsomebolanle:
Financial Engineering cannot replace economic productivity.

Penguin2:
Your submission is obtuse. What are you saying?

Penguin2:
Was it LP that made Obi popular or it was Obi that made LP popular?

Were the pastors marketing LP (the vehicle) or Obi (the driver)?

Penguin2:
You used to be more reasonable than this.

You used to speak with facts and commonsense but I don’t know what happened to you.

Not even Tinubu himself would say what you are saying.

All those who doubted Obi before the elections have all hidden their faces in shame but you have refused to enthrone reason but chose to dwell in inanities.

Obi won Abuja

Obi won Nasarawa

Obi won Plateau

Obi lost Benue by just 3k votes.

Obi won Lagos

Obi won Edo

Obi won Cross River

Obi won Delta even when PDP Presidential running mate was from that state and a sitting governor.

Obi won Rivers.

Talking about Southeast would amount to overkill.

Yet you sit here and blab?

You said this on another thread and I ignored you and you came here to say it again.

I would understand if you don’t want Obi to become president for whatever your reason(s) might be, but don’t ever come around my space and be illogical and irrational.

You should know I don’t roll like that

tefishy:
Why are you contradicting yourself.

tefishy:
Vaccine production isn't the issue here but storage. Vaccines are stored in very low temperature refrigerators and a country still struggling to produce uninterrupted power supply can meet up this rank. Solve electricity before thinking of vaccine

Inspirer1:
Apt summary

SonofElElyonRet:
Good news for Transcorp Power it seems.. or it doesn't affect gencos ?

helinues:
100% lost ? the Statisticians don come with their statistics oo

shortgun:
The reduction in price is as a result of the competition occasioned by the entrance of Airpeace into the international flight market.
It has nothing to do with the trial and error policies of the CBN

yMcy56:
This new recapitalization no be small amount oo....
Deadline is 2026
This people with their gbelo-gbebo all the time......
*Those who cancelled their unissued share capital will now be blaming themselves......and will be planning to bring back IPO again!

Meanwhile, what about UNITY, JAIZ, NPF, LIVING TRUST, INFINITY, ABBEY and other unlisted banks?
I think theirs will be N50bn...

chipa:
Read through the release from CBN. For the new minimal capital base the only recognize capital is paid capital and share premium. Retained capital, shareholder fund and other retained capital are not recognize. That means all banks are coming to the market to raise funds.
To be Frank with you there will be a lot of pumbing of bank share price. So try to be in the banks so that when they are pumping the bank share price your funds in the share will also be pumped up. This is my 2 Kobo advice.

LordAdam16:
Attached is the state of the country's FX reserves.
Source: https://www.cbn.gov.ng/IntOps/Reserve.asp

In just about 8 days, the reserve declined by $400M.
That is N500B. Wiped off so you can import toothpick and wigs at a cheaper rate.
And we're just getting started.

That is the very real cost of Cardoso's shenanigans.

-Lord