₦airaland Forum

OlujobaSamuel:
I'm so sure you will be worried if the bank teller attending to you is Portable or Naira Marley.

That's gonna be fun and entertaining

Blackmoran:
It is getting popular with men now, I know guys personally who paint there fingers... Including my junior brother....
I can't be telling a adult how to live there life's.... I can only advice...
Your appearance will cloud people perception about you...that's the only advice I give my brother.. even though I know he is just been artistic, but not every one will reason that way

You cannot be telling adults how to live their life but can only advise? What's the difference? You seemed to me as someone who is confused on this subject.

grandstar:
Are you for real? Many of you have zero understanding of economics.

Cardoso has no interest in Naira being 400 to a dollar. He is comfortable with the current exchange rate. It is something the CBN can comfortable defend. What's the point of wanting or having an exchange rate you can't defend? Defend means supply enough foreign exchange at that price.

When Tinubu took office, I think the official rate was $1-440. Was that a realistic rate? No, because the central bank was owing buyers $7bn.

Your exchange rate must always be market reflective and one the central bank can comfortably defend. One can now see the benefits of the floated Naira. On Whatsapp business, you can now pay for your adverts in Naira. On Cameo.com, you can pay for celebrities in 10s of millions of Naira. The prices there are denominated in Naira. Prior to these, prices would have been in dollars.

I make a lot of purchases online and I know the nightmares I faced during the Buhari dark years. There were years when I couldn't make a single online purchase because our cards were useless. Paypal refused to accept payments using our cards.

Wetin concern Cardoso with petrol at 400/litre? You keep divorcing output from the input.

How can a litre of petrol be N400? A litre of unprocessed crude oil is N750 at $75/barrel, so how can petrol which is processed from it be sold at N400/litre

The interest rates have not be risen high to tame inflation. Tinubu is against high interest rates.

What you should focus on is what is the budget deficit as a percentage of GDP?

What percentage of government revenue is spent on debt servicing? In 2022, the government spend more than 100% of government revenue of debt servicing

Are the foreign reserves rising? How fast is it rising?

Does the country have enough foreign exchange to cover 4 months worth of import? There was barely one month worth of forex when Emefiele left. The CBN was even owing purchasers of forex $7bn. That's just one of the reasons why the economy is in a mess today.

Upon all your beautiful submissions, our economy is worse under Tinubu. Additional millions of people have been plunged into poverty zone. Everyone is feeling the economic pain in an unprecedented manner, even you.
Tinubu and his team are doing everything wrong. Has borrowing stopped under Tinubu? The answer is no! Motherfvcker is still borrowing recklessly and taxing the hell out of everything and everyone.
Nigeria is worst country with no war to be at the moment

Cmeo:
Yemi is still on the right track. He was systemically increasing the interest to discourage fx exchange speculation, want those who borrow money to buy fx to pay more through interest rate and what them to return loan as soon as possible but I wish the point base could be greater than what they can make when speculating on fx

Olodo! Every loan has duration of repayments: short term, medium term and long term loans. Which one be ASAP again? Una just like to defend nonsense and end up saying nonsense

Hehe! We should blame Buhari for your team's economic policies?

papyjaypaul:
You should be ashamed of yourself. The Canadians are welcoming to you and allow you speak languages, you go abroad to be fighting about who is better than who and you can't provide various languages in your home country. Oju o ti e ni

I listen to radio stations and if someone speaks Yoruba on air, our own presenters will not Allow them finish because it is not the official language the colonialists gave you people.

Only if that particular programme is not meant for Yoruba language to be spoken.

loffyloffy:
It is if you are smart enough to remeber that the landing cost of imported fuel is above #1000..while dangote is selling well bellow that.

If you want to use your brain more, you will realize that marketers have to order there fuel months ahead before receiving their supplies and it is quite likely that fuel arriving in Nigeria from abroad today were probably ordered about 3 months ago.

That should tell you that importation will wind down gradualy, not sudenly..all things being equal..

You lack decorum.

Lastlive:
There's just too many issues surrounding this refinery

Caused majorly by FG/NNPC

nairalanda1:
Well, you can be abusive and all that, but at the end, people who sell at a profit usually make enough money to pay for improvements

Laughing. A product or service can price itself beyond the reach of many consumers and it will eventually bankrupt. That's the beauty of capitalism

Bobloco:
Are you in charge of the election

What difference does your question made? He didn't mention names but those who conducted the election know themselves

ajepako:
Bro, with 1.5m, you can do solar and inverter

Just go to Alaba market and buy the components yourself ( Solar panels, Lithum Batteries, Inveter and solar reader)

Then get someone to fix for you and you will save money

It's the best decision I took!

Thank you.
I will save and keep this post. I'm not buying electricity units anytime soon. My remaining units will last till September next year at this rate that we're consuming power.
A quick question though: are you using special or separate bulbs with it or the ones you were using with Disco?

gidgiddy:
We were also in this country when Government sent soldiers to his house illegally to kill him

We're saying the same thing here. After his bail, he grew larger than ever before the arrest and became uncontrollable. He erroneously believed that he had become untouchable until FG had enough of his madness and sent soldiers after him.
His greed and flamboyant lifestyle led him to be captured the second time

sweerychick:
the crash of concord 4590 was as a result of the mass of the piece chunk from the tyres. Before the crash tyre puncture on concord was not uncommon, it happens but engineers only estimated that the piece of chunk won’t be anything more than a certain mass. But with the crash of concord investigators found out that the piece of tyre mass that chunked off was 4 times the mass they predicted. Which sent a shock wave on the fuel tank on the left wind after hitting it at a very high velocity, the shock wave now caused a puncture in the weakest point in the tank. Causing a gale of jet fuel and subsequently ignited into flames.

I thought they said there was a piece of metal on the runway that caused the tyre to burst?

USA always ready to pack Israel's poop

Macphenson:
No business, I repeat no legitimate business will borrow money at this rate and be able to pay back without running down.

Only drug dealers can borrow money at this rate and be able to pay back

Even Dangote said the same thing like last month.

gidgiddy:
It is very unfortunate that the supreme court can tell a lower judge that Kanu's bail should not have been revoked due to the circumstances that forced him to flee for his life, and the judge continues to revoke the bail

At this juncture, the judge should recuse her self and hand over to someone else

Lol. We were in this country when he broke all his bail conditions

Racoon:
All of una go tire. The real bandits and terrorists are roaming free even doing give aways and freebies on Tiktok, roaming the large swathes of forest land across a sovereign country unchallenged by the govt and its security agencies.

Where does that leave murderous IPOB/ESN?

atiku4President:
Better.

Brendaniel:
Better, an APC judge should not handle his case....

Better? Nyako is now APC judge? The same judge that freed him before? He even aid he loved the judge.

This man is go rot for prison. Na from one administration to another dem go dey relay am. Only one person that can free is Obi and he doesn't have what it takes to win the presidential election

This man is go rot for prison. Na from one administration to another dem go dey relay am. Only one person that can free him is Obi and he doesn't have what it takes to win the presidential election

Nasri100:
That guy so dumb. He don’t understand the ripple effects of the stealing Nigerian Politicians do.

We all understand the ripple effect on the citizens but it is different if one or one's family is kidnapped by the bandits. It is common sense

Kobojunkie:
So, all that money they embezzle, even money meant to go to feeding, security, and healthcare, is without consequence(direct or indirect) as far as the very lives of the people they steal from?

You will understand what he's saying if that bandit kidnap your family

Netanyahu the terrorist, how your end go be like dis?

Bobloco:
Peter Obi didn't mention anybody's name. 
 
He is making a general statement regarding the outcome of the Edo state election targeting those who, in one way or another, engaged in act capable of undermining our democracy.
 
So, if you are not involved in any way, kindly ignore. Like they say, a clear conscience fears no accusation. 
 
Because some people are venting their anger and frustrations on him over this statement.

Peter Obi is not responsible for your frustrations. He is not responsible for the hunger, starvation, high inflation rate, high pump price of gasoline, high transportation cost, etc. that have ensured that you are angry and frustrated.

Accusation without evidence! He didn't mention names but was referring to the people in charge of the election

This mumu loser. And if he or his party's flagbearer wins, he won't curse INEC officials.

Sonofgod1990:
And you think APC won the Edo state governorship election by merit?

No now! Why would APC win by merit when it was clear to us all that Obaseki turned all his allies to enemies: from Oba to deputy to Wike to serving senators and other bigwigs with their followers? All these people didn't just leave PDP but moved to APC.
APC/Tinubu would have lost 2023 presidential election if PDP didn't disintegrate into PDP, LP, NNPP and G5. Time for you to wake up

ajepako:
Thank God for solar in the day

And inverter at night

I havent used the useless Band A since August

No be me go fund T-pain next private jet

Iyalaya Anybody!

Even me self. I recharged like 300 units when we were temporarily place in band B before we were moved again to Band A. I haven't bought this shiity band A tariff yet. May be I should be planning for solar power too.
I should have recharged like 50k or 100k that time, chai!

tommylee:
Let me ask u a very simple and honest question young man, what is problem in the government paying subsidy is it a crime or a sin for them to do that sometimes its always good to think b4 typing it will go a long way in helping u in the long run.

That's because people like him don't know that governments exist to serve and assist the citizens, to alleviate the suffering and burden of the citizens

gbengene1234:
Most areas in Alimosho can't afford to recharge their meter... Most see steady lights but unable to use.. My colleague said they only recharge #2000 overnight alone. This government want to render the poor masses useless for political gains... keep them poor and give them tokens they won't be able to resist when election comes... Everyone is frustrated at the moment and it won't take for things to explode

This is what I just told nairaland1. This is a third world country for God's sake, a poor country! What is the national average income for the citizens? Can't be more than 40k per month! If every item and service is too high, it means citizens won't be able to afford it! Fuel, electricity, house rents, water, etc.
Last last, the companies providing such services will eventually be running into trouble once people/customers stop or reducing patronising them. Low patronage means incurring loses

nairalanda1:
We need 10 billion dollars in annual investments to get to 24 hour power supply.

Our budget is 18 billion dollars.

If we follow your way, we may get good power supply, but at the expense of a hefty debt which would eat our country alive...and all in it.

Oga, if you won't let the poor set your prices as a business person, then don't force it on the power supply sector.

Either we pay full market price, or we stop grumbling and enjoy the rubbish we acutally pay for.

Stop wailing here, no one needs your chochocho. You should have advised Tinubu before he paid 150 billion naira to acquire a refurbished jet

SmartPolician:
Nigerian government pays a lot of subsidies without us knowing. Tinubu should have totally removed the electricity subsidy and reduced PMS subsidy by 50% instead of doing the reverse.

Not for me sha. I'm on band A and it is not a smiling matter most especially when you don't bypass