₦airaland Forum

Lmaooo.. The same Akpabio
https://twitter.com/GazetteNGR/status/1691051256729452544?t=QEdgutK0zfrYbCW-kOIJsA&s=19

liveLongNprospa:
Lmao

Just seeing this.
The fact you believe a Dangote will reduce the price of fuel below market value is making me laugh.

The same man we have seen how he does business in other sectors. We nor dey ever learn.

But God will keep us alive to learn.

As for the saving of FX because of importation, you don't know if Dangote will factor in that price when dealing with local marketers.

So the difference might not be as much as you think in price.
The man knows there is alot of money in importation and he can decide to charge something close to that. What will marketers do, Either buy from him or buy from overseas.

Unless there is a regulatory body that can checkmate Dangote from doing that

More on this.

Even Ajuri mor fit guarantee reduction. Baba dey talk from both sides of e mouth

If “You go explain tire; no evidence” was a TV interview. 😂😂😂

See the looks on the faces of the hosts pic.twitter.com/jjzmQtgTjM

— Ose Anenih, CPM (@ose_anenih) August 14, 2023

Itsrm:
How many times do they go on this recess a year? Any idea?

No idea as there might be different reasons.
They go on long breaks for Easter, Christmas, death of colleagues, celebration and party reasons.

But according to the law, they should be on seat for atleast 181 days

The fact that government officials cannot sacrifice but ask the populace to do that.

Because tell me why you are receiving 2million naira for holiday of how many weeks during a time like this that you have asked Nigerians to sacrifice.
This is allegedly outside your salary

izzou:
[color=royalblue]I know.

Last Monday was better. Today just get as e be.[/color]

Even here sef empty

I've noticed a certain someone has suddenly lost interest in the Affairs of Abia state.

Common.. Don't do that.
Keep posting it.
Update us🤲

Itsrm:
You can edge against inflation. Someone on the Uber thread simply buys dollars and keep. That's one way. UCAP eurobond is doing 6.18% YTD, several stocks have also returned earnings double
of inflation rate.

These are just passive investments. I have not even gone into actual businesses.

Lmao.. You'll still come and spend in naira and the value of things dey rise pass penis wey dey strop club.

Disstroy nor be wetin you dey talk ve this?
https://twitter.com/SaharaReporters/status/1690650635631206400?t=XjiReXEVbhBAfjM7MYgJoA&s=19

Wetin be this?

At the submission and adoption of the final address at the Lagos State Governorship election tribunal.

APC, Sanwoolu, and Hamzat argued through their lawyer Wole Olanipekun that diaspora remittance is greater than IGR and that Hamzat intentionally got his dual citizenship to attract more diaspora remittances.

So, in the case stated above, the election tribunal should dismiss @GRVlagos's petition.

All I can say is that using the statement in their defense shows they are acting like they already know the judgment.

Amoto94:
Doomsday analysts are waxing lyrical about the perilous situation not out of genuine concern but of spiteful intent, this too shall pass like others before it. God bless men and women of goodwill.

Abeg shut up

What to expect.
Basically e go red

Given the severe devaluation of the Naira, forget any grammar being promoted as "unified exchange rate", a lot of businesses will fail in the next 30-180 days. If you are employed by electronics retail businesses, furniture stores, service companies and others that provide services to elites that are considered luxuries, expect to see more closures.
Clothing stores mostly boutiques, auto dealers and airlines will be impacted greatly but given the strong purchasing power of the 1% who store the value of their wealth in FX, some might see increased revenues but not necessarily higher profits which will be wiped out by the difference in procurement and sales price due to the fx rates.
Oil companies and service vendors will lay off given high operational costs and employees who fall into the administrative & non-technical business units will huge see layoffs. Banks even with the increase in wages to account for cost of living adjustments will lay off marketing staff.
Insurance companies will see low revenues as customers will rather choose not to renew or subscribe to new policies due to lower purchasing power with increased cost of essential services.
Hiring freezes will be implemented by alot of corporations and services will be outsourced. Individual contributors and professionals stall will take on more work load to close the gap with personnel who have been layed off.
Agropreneurs will not be spared and only businesses with access to some for credit lines will able to keep operations going. Transportation costs have increased severely and the delivery business ecosystem will see an acute rise in logistics cost making it impossible to keep profit margins. Small businesses who rely on delivery services will see increased cost and SMEs who typically operate E-commerce models will experience a sharp decline in orders. With the rising cost of food commodities, most Nigerians will resort to domestic cooking and the restaurant business will see a huge decline in revenues leading to closure of locations and layoff of personnel. Increased cost of PMS and energy will cause vendors to operate minimal hours and if access to credit from vendors is non existent, expect a sharp decline.
The housing market will equally suffer a high reduction in new home construction and sales causing layoff or absence of work for laborers due to high cost of importation. Telecoms might not be greatly impacted but employees in the marketing and customer service units should expect layoffs.
Private schools will not be spared given the sharp decline in household networth and debt profiles will increase on the books, causing guardians to fall behind with payment of fees.
Households with multiple vehicles will cut down usage leading to low maintenance and procurement of service parts from auto spare part traders.
Businesses in the repair service ecosystem will see a sharp increase in patronage. Used or Second hand commodity traders will see an increase in business.
Religious houses will see increased attendance and you can figure out what their bottom lines will look like.

Local fashion businesses will see a boom where consumer behaviors will cause people to patronize these vendors as opposed to previous options.
Loan sharks will see a boom in collateral based loans with many customers unable to meet obligations, avoid these only if you see an exit with the ability to repay.

Government employees and civil servants will be the only class of workers to not really feel the impact.

We survived this 2015/16, rest assured we will emerge but not without ugly tales to tell.
Find a support group and don't be too proud to cut down luxuries where they are not needed for the time being.

It's going to be rough! Nigerians are resilient and we will complain, cry and persevere until this ugly wind passes where we readjust while hoping for a better outcome.
Many households will rely on diaspora support to emerge unscathed where they are fortunate.
I will stop here!

izzou:
[color=royalblue]May God show us mercy!

I feel for the guy, because e dey bite me sef![/color]

Osun state government sent representatives yesterday abi today to his poultry so he is lucky

DontBullshitMe:
In your own opinion, why did Buhari ban Twitter?

I want to see how you twist your way out of this.

He broke their rules with his tweet.
If it's now, what you'd get is community notes if it's a viral tweet of which a tweet that's aimed at a certain group of people in negative light and it gets mass reported is taken down.

Why this increase in 1yr

I Don tire

Peter Obi has said dialogue and not war.

I want to watch the northern people react to his position seeing as they both support the same thing😁

In lighter news.

So naso woman dey cause wahala for national politics 😩

Happy sundayyyy

The news🤭

Life comes at you fast.
First picture is him asking for help yesterday.

Last picture is him during campaign season

Protest in the north against the ECOWAS intervention.

Lmao e fit be nigeriens wey dey protest

OasisX:


Coz he licked mic, hence he shouldn't be voted? LMFAO!

.... but we should vote in a Trader at this critical point? Someone who is only good at cramming fake figures and lying up and down?

Lmao
Hello 😌

OasisX:


..... like izzou said, we should be discussing way of out this mess. If suspending the limit will save us, why not taking the risk?

Do you still wanna do this? 😁

TrebleChamp:
CBN printed this much money for Buhari Govt, and same Govt borrowed huge amount of foreign loans. That Zainab Ahmed woman sef suppose dey chop beans for EFCC custody like this...

The senate that was also responsible for cbn oversight nko?
Why did they not raise alarm when cbn was doing all this without permission

monerozi5590:
https://nairametrics.com/2023/05/04/house-of-reps-approves-president-buharis-n23-7-trillion-ways-and-means-loan-request/?amp=1

Oga this was almost towards the end of his tenure.
And it was discovered that buhari had to bribe each of them with 10 thousand dollars where Gbaja was accused by some of them of not sharing the money but hoarding it.


Fear God Bros.
This was one particular issue that I followed personally.
Was it not sometime this year that ways and means was increased to 15% to justify the additional 4trillion naira cbn printed this year alone between Jan and April..

So wetin you dey talk

monerozi5590:
Here you go again, I am not surprised. Everything is Buhari Buhari. Even when Super Eagle lose match, people will blame Buhari . That Buhari should not have called them. .

I saw your screenshots because I believe you know the narrative the Kalu guy was trying to push.

The money the Kalu guy posted, is it not ways and means. The country is running on deficit.

What's ways and means sir in layman's terms? Did NASS approve it?

When did NASS approve ways and means?

BlueRayDick, Theflint1, izzou, Roland, disstroy and other ogas here.

Please what does Nigeria use to back the naira so it can atleast have value

When I suppose dey enjoy my youth and my money for naija.

Idiots wey nor dey see front Don deny me my purchasing power just because of mandate🤭

BlueRayDick:
Yet APC Propagandist said it was Saraki being Senate president that stalled all the goodies Buhari had for us in his first term. Smh

Guy I am so pained.
I be young guy and because of idiots wey defend this party for 7yrs just in the name of politics, we are all in serious serious trouble.
Like proper gbege for atleast the next 2yrs

All of you that spent 7yrs defending buhari and Meffy nor suppose see better thing. But nor be me go swear for anybody.


The statistics that they asked if we will eat is what is eating us now.

So basically CBN started lying very well about the FX Reserves from the moment saraki stopped being SP because nobody to compel them to report.

Hmm

Roland17:
Baba, you no sabi me well be that or were not paying close attention...Know Your Personnel (KYP).

See the screen shot below, pay attention to the date. I no get time to dig but I can go further. I am always clear about my positions.

OH I know about your position on these issues.
What I am talking about is the frequency.
Yunno how this place was like during election period.