Madups:
Super werey if anything like that dey. My uncle na civil servant.. i still get friends wey dey civil service for this state people wey i see everyday. some people go just wake up wan begin another person name just because they feel say dem get the opportunity.

blamingthedevil:


What do you mean?

Righthussle:
The game is to use Obidients against Wike. Atiku lacks the force and balls to do the work, so it will smart and cheaper to incite Obidients to help Atiku fight Wike.

Watch how Obidients will fall for this easily.

opamoses1:

I agree with you.
Babasolution will agree too. I saw him peeping on the thread.

Nyamiriflathed:

The molding of head was added by the remaining 5% igboid 🤣

Depriest2020:
If true that 40% of northern Igbo are actually Igalas by origin, that means those northern Igbos by right are entitled to all the land of the Igalas in Kogi state.

Nyamiriflathed:

Go and check your DNA. You are likely 95% yoruboid.

Nyamiriflathed:

A minority tribe conquered you 😂

alanto:
Lol. You don't even know how to spell your tribe. All old articles spelled the tribe as Ibos

alanto:
He did it on purpose. Ibos don't like Muslims they always intentionally write the name wrong to provoke the Muslim community. Check their posts even on nairaland.

Even their monikers. If it's not madmohamed it's something else

Nigeria’s naira has reversed recent gains and is now the world’s worst performing currency in the last month, increasing pressure on the central bank to keep raising interest rates.

The naira has slipped to 1,466.31 to the dollar, its weakest level since March 20, hurt by the local scarcity of the US currency which on Thursday halved from the day before to just $84 million.

Nigeria’s reintroduction of a gasoline subsidy months after it was scrapped is expected to guzzle almost half of its projected oil revenue this year, according to the International Monetary Fund.


The implicit subsidy will cost Africa’s largest crude producer an estimated 8.43 trillion naira ($5.9 billion) of its projected 17.7 trillion naira of oil revenue, the IMF said in a report published on Thursday.

Its forecasts according Bloomberg are similar to Bank of America’s, which projects it could cost Nigeria between $7 billion and $10 billion this year if it imports between 18 and 25 billion liters of gasoline, Tatonga Rusike, BofA sub-Saharan Africa economist, wrote in a note.

“Fuel subsidies were reformed in June 2023, however, adequate compensatory measures for the poor were not scaled up in a timely manner and subsequently paused over corruption concerns,” the IMF said.

President Bola Tinubu halted the $10 billion subsidy at his inauguration mid-last year to help the government repair its finances after debt-service costs jumped to 96% of revenues.

The removal and a devaluation of the naira days later, which was aimed at creating a free-floating currency, led fuel prices to more than triple, fanning inflation and protests.

To help Nigerians cope, authorities started capping fuel pump prices below cost reintroducing implicit subsidies by end-2023, the IMF said.

The currency has depreciated by almost 70% against the dollar since last June.

Despite being Africa’s largest oil producer, Nigeria imports most of its gasoline needs because it lacks the refining capacity to meet domestic demand. The hope is that when a 650,000 barrel-a-day oil refinery outside Lagos, owned by Aliko Dangote, Africa’s richest person, and one in Port Harcourt, controlled by state-owned Nigeria National Petroleum Co., come fully online that will change.

The IMF said it expects the fuel subsidy to be completely phased out within two years, as the government scales up its cash transfer program targeted at the country’s poorest. About 40% of Nigerians are extremely poor.

While the subsidy was removed on May 29, 2023, “all governments have the prerogative to maintain price stability and prevent social unrest,” Olu Verheijen, a senior energy aide to Tinubu told a news conference in Abuja in March. “If prices are moving, they reserve the right to intervene.”

Beautifulday:
Very stupid talk. How would business registration reduce kidnappers if transactions cannot be traced in bank.

Wait! so the person wey write this thing believe people buy POS like groundnut in the street and start using them for business.

We have very dull people in government.

Every working pos is linked to an account number in the bank.

Justnation:
The Op is a wicked crook, he deliberately coined the headline to deceive people like him who only read headlines
The stupid headline is as if the honorable Rep. demanded for money from the binance officer, but when you read the content nothing like bribe was demanded.
LP and PETER OBI will remain a nightmare to agbado munchers.
Thank bitter Obi is readily available to cure them

helinues:
Same arguments, same back and forth issues, [b]not even the solutions to the numerous problems facing the country, [/b]na only gbas gbos left and right and yet we dey complain of hardship when we decided not to do anything to it.

From hence point, I will stop responding to the petty discussion on the forum, started like a week though but want to get more serious about it .

Solutions talk to the issue affecting the country or nothing

seunmsg:


Whether they deny it or not is irrelevant here. It’s a news item that must be reported. If we are to follow the standard set by hateful Obidients, denying it simply means they are guilty. That is why this should go viral and be properly investigated. LP stinks from top to bottom.

LegendHero:


Don’t be an illiterate.

Amex is bringing their own forex in, they ain’t changing your currency to dollar.

Nothing stop you from paying naira equivalent with the card within Nigeria if they get all the neccessary approvals needed. Nothing stop you from using it to order goods abroad that you’ll sell in Nigeria too.

Even diaspora funds we send, don’t they credit you the naira equivalent? So what’s the difference?

O3 Capital and Amex unveiled the product on Thursday in Lagos, the commercial capital, offering the business card with a spending limit of $10,000.

LegendHero:

Illiteracy is the problem here.

Normally all credit cards come with other perks and that’s usually travels, hotels, and some other form of cash back.

Whether it’s AMEX, Discover, Wells Fargo, Chase, or any card.

It dosen’t necessarily mean you can’t use it for other means. This is one of the statement in the post.

LegendHero:


Yes, so how is that not useful?

Did they say you can’t spend the dollar card for Nigeria businesses?

LegendHero:


The major reason why most developed countries flourish is access to capital that their citizens have.

If people have access to capital with low APR, everyone can get a credit card or business loan, then use it for their business, after which they gain profit and then pay back bit by bit. That is the only legit way to give the son of a nobody access to compete.

Imagine a guy that just finished NYSC have quick access to like $5k to start a business of his choice, isn’t that better than him running around to beg people before he can find a 1milli worth business?

My reply is not for you because you can’t understand. My reply is just for other Nairalanders.