Politics › Re: CBN Destroys Over ₦6 Trillion Banknotes Under Buhari by michlins(m): 8:27am On Oct 31, 2022 |
RepoMan007: If I type out my mind for you this Monday morning, you will not like it.
Reforms my foot. Does it make sense to change currency design and thus increase the overall volume of notes that needs to be printed at a time money is scarce? bro money isn't scarce at all. The inflation is the worst we have seen in recent time. It needs to be curbed. The money in circulation is too much. The money outside the banking system is even worse |
Politics › Re: CBN Destroys Over ₦6 Trillion Banknotes Under Buhari by michlins(m): 8:24am On Oct 31, 2022 |
erico2k2: I think I agree with you on this one!He has nothing to lose, he is going to enjoy his retirement! when he told the party and governors to allow him select his successor, they refused him. Now he's all out to get his pound of flesh. They will win the election with sweat |
Politics › Re: CBN Destroys Over ₦6 Trillion Banknotes Under Buhari by michlins(m): 8:22am On Oct 31, 2022 |
JayPeeOham: Abeg I want ask, what if him carry the money go bank, dem no go help change am to the new notes? Or what do they mean by destroy?
Wait, let's use a normal Nigerian like you and I for instance, let's say you have lil 50k cash does that mean the can't will be useless or you can take the 50k to the bank so they can help you swap it to the new notes you can deposit billions today and tomorrow you won't get it. CBN will wipe off over 1trn off circulation with this policy. After you made the deposit, you will be told there's not enough cash to give you. |
Politics › Re: CBN Destroys Over ₦6 Trillion Banknotes Under Buhari by michlins(m): 8:19am On Oct 31, 2022 |
erico2k2: Bross are those the people who count during election day?the people who make the decisions on the outcome of an election result in a corrupt country like ours are not the ones who go and stand in the queue to vote. with BVAS and electronic transfer of results, they're the ones that matter. You see the results in real time. Imo State situation will barely happen again. Although I know politicians will find ingenious ways to rig, but it just got more difficult |
Politics › Re: CBN Destroys Over ₦6 Trillion Banknotes Under Buhari by michlins(m): 8:17am On Oct 31, 2022 |
mastermaestro: I read almost all your replies. They were very informative and enlightening. You also made your points without the usual Nairaland bitter attitude. Thanks man! you're welcome man |
Properties › Re: Construction Of A 3bedroom Bungalow With Bq In Oron Akwa Ibom by michlins(m): 7:51am On Oct 31, 2022 |
josephsm823: I'm building a 4 bedroom bungalow with a gateman house. Presently spent about 28m aside Land purchase and work never finish. The work left are Water tank, wiring, outside plumbing pipes, compound flooring and others. Spanish tiles for parlos, passage and ante room, Nigeria tiles for all rooms, Spanish tiles for kitchen floor and all toilet walls, Nigeria tiles for kitchen walls. All room doors, toilets, kitchen and entrance doors are Turkish. There's a lot of money to spend on finishing based on the taste. With the present cost of materials at the moment, I don't think the 12m budgeted amount can finish the building. Dem run you serious street. 28ml will deliver a duplex carcass today. |
Politics › Re: CBN Destroys Over ₦6 Trillion Banknotes Under Buhari by michlins(m): 7:49am On Oct 31, 2022 |
erico2k2: Bross direct wiring unto azza sure pass physical cash. you're not in Nigeria and so you don't know how vote buying works. It's direct cash before I get to the pooling booth. You want tell me service no dey to do transfer? You want to tell the people in the villages who produce the needed numbers that you're going to make transfer? |
Politics › Re: CBN Destroys Over ₦6 Trillion Banknotes Under Buhari by michlins(m): 7:47am On Oct 31, 2022 |
Obidient4life3: Buhari was forced into signing that law by our ignorant Senators. That's why he rushed to court immediately after signing it , while the mumu Senators that was forcing him didn't even read the content. When the public started explaining the content to them they rushed to amend it but Buhari refused to sign the amended one too. All I can is God confused the enemies of Nigeria! LoL I don't know why people will believe this. You look Buhari finish think he's someone who can be forced to do anything in this life? This same electoral reforms could have stopped Buhari in 2019 but he refused to sign it. He has nothing to lose so he signed it now |
Politics › Re: CBN Destroys Over ₦6 Trillion Banknotes Under Buhari by michlins(m): 7:45am On Oct 31, 2022 |
Buddha3: This is frankly one very funny perspective to this whole affair. Much as there's a bit of simple logic attached to it, the bigger picture disagrees.
Let me paint you a quick scenario: You are a politician vying for an electoral office in 2023 and you have 1 billion naira stashed away in Nigerian currency for the execution of your political ambition, then in comes the apex bank's plan to redesign and dispose of the same old notes you have, at a given date. Will you simply sit on your hands and watch your money go to waste?
No, is the simple answer. How to fix this problem? Easy. Walk to the headquarters of your bank, sit with the manager as per the rich man that you are, offer the manager 5 million naira and he'll gladly sell you all the hard currencies in the bank's vault in exchange for your old notes. Of course that won't be enough to dispose of a billion naira. In comes the Bureau de change mallam! Those ones will gladly sell you hard currencies at their disposal.
Now not only have you succeded in disposing your expiring Nigerian currencies, you have mopped up the dollars and pounds that legitimate Nigerian businessmen will have accessed for importation to drive the daily economy.
Conclusion? You have just added to the scarcity of foreign currencies which in turn adds to the worsening rate of inflation.
Now, please tell me the wisdom in this particular Buhari/Emefiele brand of economics just when elections are around the corner?! you can deposit billions today, you can not withdraw same amount in two weeks. The banks will not have enough cash to give you. There's a reason you the politician stashed away the funds in the first place. You know how difficult it is for you to get those funds on impromptu. Remember that while funds are dispensed to politicians, ordinary people like me and you will also be needing cash. Think about it like obtaining mint funds. The new notes will be more scarce. Don't expect CBN to reprint all the funds that are returned immediately. The CBN is also using this as a form of inflation control. There's insane amount of money outside the banking system, this will curb it |
Politics › Re: CBN Destroys Over ₦6 Trillion Banknotes Under Buhari by michlins(m): 7:38am On Oct 31, 2022 |
erico2k2: buying power ke, look at you, their money is in Dollars not naira. you think PMB and APC are stupwid right? He did same thing when he was in power in the 80s you can not bribe the voting populace with dollars. You need Naira, something they won't have enough time to get before the election |
Politics › Re: CBN Destroys Over ₦6 Trillion Banknotes Under Buhari by michlins(m): 7:36am On Oct 31, 2022 |
nams77: Ok. But won't they be able to deposit the old one and withdraw a new cache of bullion vans before election or you think time is too short for them to do that? I will need to settle down and reason out this thing not enough time to withdraw. Banks will run out of cash if everyone withdraw their funds and before you opened account with banks, you signed that a certain amount of your funds will be retained |
Politics › Re: CBN Destroys Over ₦6 Trillion Banknotes Under Buhari by michlins(m): 7:14am On Oct 31, 2022 |
nams77: Are you sure? I'm failing to see the strategy here o. the politicians will not have funds to buy votes on the day of elections. People will not be induced by money like before because no one will have enough physical funds to buy votes. There are people who have amassed billions for vote buying. The issue with bullion van on eve of elections will not happen |
Politics › Re: CBN Destroys Over ₦6 Trillion Banknotes Under Buhari by michlins(m): 6:30am On Oct 31, 2022 |
Buhari maybe terrible on everything else but you see election reforms, he did so well.
Starting from insisting on the use of BVAS, that's the biggest thing he did. Now by destroying old notes few weeks to election,he has handicapped the buying powers of politicians |
Crime › Re: Lagos-Ibadan Expressway: Students Fundraise Ransom, Kidnapped Mates Released by michlins(m): 6:24am On Oct 31, 2022 |
This administration and everything about them should be apologizing to Nigeria people please. All the indices that is used to measure good government,they failed |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 5:38pm On Oct 30, 2022 |
redgem: Okay Sir... Thank you, I appreciate � you're welcome |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 5:34pm On Oct 30, 2022 |
redgem: Per meter or the length as seen in the pictures? per meter |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 4:55pm On Oct 30, 2022 |
redgem: Good afternoon Sir.. Please how much do you think I'd spend to get these done? A and B A will cost between 60-70 while B will cost between 45-50 |
Family › Re: My Husband Has Suddenly Changed: He Comes Back Home Late by michlins(m): 3:40pm On Oct 30, 2022 |
That man is battling demons you can never comprehend. If he tells you, you will still blame him for his feelings.
Let him be |
European Football (EPL, UEFA, La Liga) › Re: Arsenal Vs Nottingham Forest (5 - 0) On 30th October 2022 by michlins(m): 2:34pm On Oct 30, 2022 |
Lumidee007: where we fit stream the match o as per say we dey go owambe...  IPTV |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 7:25am On Oct 30, 2022 |
redgem: Yeah, I know, I've seen some of your work.. would have loved if I got the rails from you (thinking out loud). thank you. Good morning |
Technology Market › Re: House Clearance Sales.. Come In Here!!!! by michlins(m): 9:17pm On Oct 29, 2022 |
drunkpunk: Bosch Demolition Hammer GSH 11 VC
Reasonable offers only as I assume you should know how much it's being sold for.
Alimosho, Lagos. 08033170403. get me a Bosch grinding machine |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 5:11pm On Oct 29, 2022 |
redgem: 4hrs to Benin... It's my little kobo project, I don't know if it's okay doing rails and burglary all the way from Anambra it's not a problem. I only gave you my advice as to what is best between your options |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 2:34pm On Oct 29, 2022 |
redgem: This is nice... You are in Anambra right? yes ma'am. Nnewi Anambra State |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 12:51pm On Oct 29, 2022 |
redgem: That would look good...got any samples?
|
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 6:57am On Oct 29, 2022 |
redgem: Hello house please can we have a vote?... For handrails what are your preferred choices?...
(A) Wrought iron (B) Glass (C) Laser cut or (D) Stainless steel a combination of wrought and laser |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 8:22pm On Oct 27, 2022 |
Gokoyer1401: I will pass your number to the person that will talk to you. ok thanks |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 5:04pm On Oct 27, 2022 |
Gokoyer1401: Where do you base? Pls Send me your phone number Nnewi Anambra State. 070 3244 6904 |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 3:47pm On Oct 27, 2022 |
Gokoyer1401: Where is your location? Can you deliver gates in Ibadan? We are looking for the best man for the job. yes, I can deliver to Ibadan |
Phones › Re: European Investment Bank Backs MTN Nigeria With €100million For High Speed Netwo by michlins(m): 3:38pm On Oct 27, 2022 |
If you get money and you want to unlock unlimited wealth,invest heavily in Nigeria. Forget what naysayers are saying,invest heavily in Nigeria.
The people who are consistently giving negative review about Nigeria won't hesitate to give us loan including the ones we don't deserve.
Currently there little or no guidelines governing businesses here. If you become a major player,rules will be made to accommodate you.
Think of Dangote and Bua. Irrespective of the number of their trucks that are destroyed and burnt by angry Nigerians, they still invest more and every incoming government bends to their tune |
Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 2:27pm On Oct 27, 2022 |
Coiner: Greetings guys. Pls any ideas on how much it would cost currently to get something like this done? about 300-400,000 depending on location, materials and vendor |
Politics › Re: Eha-Alumona People Reiterate Confidence In Governor Ugwuanyi by michlins(m): 7:09am On Oct 27, 2022 |
OnuAmu: Please do you guys mean the Eha-Alumona I'm from abi another? 
Haba... The only good road we get na the road that was built since the 90s.. That express way and the one that leads to Eden
Werey governor just build road wey divert away from Eha-Alumona... From Opi to Nsukka town... Him no branch enter our side oo..
So.. Elders... Which Eha-Alumona are you people talking again? � brother I tire oh |
Politics › Re: Eha-Alumona People Reiterate Confidence In Governor Ugwuanyi by michlins(m): 7:08am On Oct 27, 2022 |
I'm from this community but I don't support this nonsense.
The road to Eha ndiagu he could not do |