₦airaland Forum

IbnB:
Another opportunity to victimize igbos

So if the building is defective, because it is igbo owned it should not be brought down?

Na wah.
Nigerians don't pay loans. Know this and know peace.
The only way to operate is to do what abokis at the airport area use to do back in the day.
Give short loans, but with heavy collateral.
Eg. Give you 1m for 1 month, but you drop your car worth 10m. You sign out ownership of the car and loose the vehicle if you do not pay within agreed date. Infact aboki will already be driving the vehicle.

Exactly. Very expensive jokes.

Na wah. I weak. When will the problems of Nigeria ever end? Everywhere, wahala wahala. Things that will work elsewhere, bring it here, wahala. Is it our weather or atmosphere? Subsidy has been removed yet wahala. I can bet in few months, gov will claim they are paying subsidy again and prices has to increase.

Reference:
This is what JP Morgan was implying. The official rate has just been raised not floated. The naira is still tethered to whoever has it. The market is still not free. And as they say, as long as this scenario remains foreign cash inflows will pussy foot.

It is like the fuel subsidy drama. Raising the price is not the same as subsidy removal or free market. The test comes in response to international forces of trade, etc. Same as the naira.

In my layman's view, I think it basically means gov has just ensured to get more naira value for less dollar income. Local debt to gov will be settled for fewer dollars.
Seems to me, inflation, reduced purchasing power for Nigerians, unless the market stabilizes and naira appreciates. But we all know Nigeria is unique, what goes up never comes down.

JoshTim:
Over the counter FX trading is allowed. A buyer privately contacts a seller via a broker, a sell and buy price is agreed and exchange takes place immediately. This is the only certified exchange.

This therefore eliminates multiple exchange rates.

Is the above not still blackmarket? As in a willing buyer, willing seller?
What I thought with the devaluation of the naira will be that I can walk into the bank, buy dollars at the bank rate since it now open market. For where? You still have to go to the cbn site to apply for pta etc, get approval etc. Seems nothing has changed so far except that the price at which it will be sold to you had increased.
Abi have you experienced something else?

Acekidc4:
💸💵💰🇳🇬
This Country is going to be very Great under the Watch of President BOLA AHMED TINUBU!! This i Have Seen!!

Oga, explain your understanding of the stated cbn policy as listed above and how it effects Nigerians.
Which one is the praise singing?

If this can be done. Certainly it will improve the economy.

Great. His struggle for recognition has paid. Pipeline protection contract loading.
To online worriors battling themselves on this forum without positioning yourself to benefit, you are on your own.

They should free the kangaroo.
This one no mean am, na poverty worry him brain.
Meanwhile, they should give him native sponge to scrub that his feet well well.

helinues:
Chai, hope the wailers no go wail ku for Tinubu's government

Grow up oga helinues.
This is an intelligent and matured discuss. Give your view and perspective.
Which one is this petty Tinubu this, wailer that? Save it for your usual audience.

Last last, weed, lizards, snakes etc will inhabit the place.
What was the governors line of business before taking office?

Grow up.

taylor89:
In this life make sure you retain your dignity and status

Make sure you don’t fluctuate between being rich and wealthy to being broke

Same APC miscreants that hailed Buhari for 8yrs are now calling him the worst president ever in history of Nigeria

If Buhari comes back now they’ll change mouth and call him [b]darling president

So they were all feeling the heat of Buhari but acted like all was well

I heard Tinubu has increased their 30k monthly stipend to 37k

A reliable APC source confided in me[/b]

Darling President.
We know them naa, that vulture meat seller and his cohorts.

Just imagine this calamity people such as Manna and his gang imposed on Nigerians, calling this man from Niger darling daddy and loving sweet mummy.
Ass kissing on an irritating level. Praised this man to high heavens even though under his watch the country was being plundered. Where you have people not talking of chopping billions again but trillions!

amerengues:
Interesting!

By God's grace, it will come down gradually. Consequent upon subsidy removal, an attendant soaring prices of commodities is expected as fuel appears to be the fulcrum of many production and services in Nigeria.

A teeming population of this country may not fancy BAT owing to the attendant controversies glued to the mention of his name, however, a very objective and unbiased mind, he has truly hit the ground running.

At this stage, please bury your hate and anger and let's work together to the betterment of the country. If he fumbles, the citizenry have every right to demand accountability, good governance and transparency as it's our right.


May God strengthen our leaders with good intentions.

Well said.
Atleast we can see he has hit the ground running.
Hopefully inflation should come down.
The way I see people trekking, the way folks beg for assistance, omo, there is suffering in the land.

This seems to be far better than the past administration which took almost a year to start anything.

Na wah. Ordinary design na cross.
This is how they waste niger delta oil money, tax from beer, money from Lagos, port Harcourt port etc.

forgiveness:
Magical Tinubu

Oga, we want it to get better, but why are you guys doing this?
What is magical so far? I just spoke to my malam, dollar is 760, pounds is 960.
Have you called your bank if you can buy dollar at 644 you are celebrating?
Ok, cbn dollar was 460 at official rate you could get for school fees, Pta, bta, now it is 654. What are you celebrating? Is it not early?
Black market rate is even higher 760, what are you celebrating?
Chill!! Let's not be baseless sycophants. When the policy works and we see that in terms of naira appreciating then we can praise government and Tinubu for stabilizing the economy.

Astra101:
My question is, what is oyemas waiting for? Sue that guy to court!
Until that happens I will not believe oyemas's story. Is like the usual Nigerians claims and counter claims.

But it's already in the past, suing will just be a distraction, dissipation of energy, unless the man is sued in his official capacity, ie ministry of aviation bears the result of litigation.
I assure you it will not be in the best interest of a Nigerian business, such as an airline to be in legal conflict with it's regulatory, and supervisory agency.
Remember slok airline and Obj.
Remember intercontinental airline owned chief Victor Vanni. The issues he had with Aikhomu, who stopped flight approval over 20k gbp he told Vanni to give a concubine on his bahalf.
As they say, you cannot fight government.

9jatriot:
To put the record straight before they start running with their lies

Oh OK.
It is good to put it on record.

olisaEze:
Heavenly Fada! This reply touch my shock absorbers!! This Sirika fellow cannot claim to be a Nigerian and be this stupid. This isn’t just corruption, this is hate for a whole nation that has given him more than he’ll ever be of worth! From HoR to the red chambers then minister. After enjoying the best benefits of the country, he still went ahead to assist another nation in total disregard & contempt for our judiciary while selling us cheap and making Nigerians look like fools to the Ethiopians! Such a person doesn’t deserve a jail term, he deserves to be executed!

Really sad. Imagine how far naija could have gone all these years of we had the right people in right places. People that have the interest of the country at heart.

Na wah.
OP, you really have time.
Respectfully asking,
Of what benefit or gain is this?

olisaEze:
After watching the interview of the ex-Minister on Arise Tv, that man doesn’t deserve to be invited. He deserves to be bundled away to the Efcc in shackles & chains, not handcuffs!

Hope you saw oyemas right of reply, it is really a must watch.
This country, I am sorry may have issues moving forward with such folks as serika in positions. The problem of Nigeria is nothing more than it's leadership.

https://www.youtube.com/watch?v=RypkgqNhaXc

TsbAfrica:
They need to bring back public executions and make it a mandatory sentence for any treasonous act.

He was looting the nation in 2019, thinking his uncle was president for life!

1.5 trillion naira ... One man o!!! I swear I am not a canibal, but if them throw this man inside crowd of Nigerians as e dey hot, nah suya o!! Nah him ear I go target like samuel doe.

Back then, did you not hear the gist that "Eme" had to caution "tunde", saying haba, this one is too much oh, it will cause wahala.
Omo, the owo was to much, eme had to protest say how them one take hide am. Lol

ashawopikin:
I believe this story, one girl I used to bang in school then in the north, dis her nusc in the finance ministry in Abuja, after service, she was retained, now now she used to tell me that aside salary, she can get up to 2-3 million in a week even as a junior staff as dash dash and bonuses o, those guys dey see free money

Forget oga, when we were saying in the history of this country, no time was money been chopped as the past administration, hillbillies like Manna and his gang were ass kissing, darling daddy, sweet mummy etc.
I visited a relative staying in one of those highrise hotel residence at cannery Wharf, she was paying about 250 pounds daily. Do you know Supprisenly most of the people I saw living there were Nigerians, parmanently staying there in the bigger apartments. 300-400-500 gbp per day! I hear most were possibly students! Kids of politicians, officials.
Go around schools in Canada, it is as if you are in Lagos. How are people able to afford the fees? Go to lekki, Abuja, you see 2 bed room 100m, tarrace 150, 250m, 500m, 1b! People are buying them, do they have 2 heads while we have only 1? The looting is the answer!

Great man Ambode.

Dialpad:
This is a good move, I know many are waiting to hear news of when we can start spending dollars on our naira cards.

How can one have millions in a naira account but can't spend when you travel out, some lunatic tells me I can only spend $100 monthly.

If you are waiting to spend dollars on your naira card, click the like button.... lol

$100 monthly? Which year was that sef.
It was $10 per month last year ending. Finally stopped to zero this year! I cannot even pay for youtube premium of ₦1800, because cbn will not convert it to dollar and pay YouTube.
The solution is to use dollar or pound domiciled cards. Can you imagine?

YouandiAllofus:
Seems BAT is determined to erase MB's imprints totally from anything that has to do with his government. Nobody wants to identify with a failure

Simply put, the man, good or bad appreciates power, he understands it. He will not suffer someone he considers an enemy in his affairs despite political, ethnic considerations..
He will put all his men or those aligned with him in position, either to fleese the country or to get it better. One can only pray he is genuine this time.

KingKO22:
Sowore is now the second Messiah of our headless mobs after Pandora Obituary

😂😀🤣

Seems everything is a joke about Pandora, Obi, etc. Why don't you consider the merits of what he said ie if it has any?
They removed subsidy, you guys are praising as if it is a miracle performance done. Yes it is good to remove subsidy in my opinion, but have you seen the current suffering?
Today the exchange rate was merged, you guys are celebrating as if it is a genius arrangement. Yes it is good to have one rate, but have you noticed that dollar has almost his 800? Do you know prices of cars, school fees abroad, inflation will increase, the purchasing power of Nigerians will skydive?
We all want the president to succeed so it makes our lives better, especially for the younger ones, we are already further down the road.
But not everything should be taken triavaly as a joke. Obi this, Pandora that, obidiance and all other childish crap.

melonsgroup:
How can somebody borrow billions of dollars to build a refinery and paid back 70% of the same money when the refinery is yet to produce a single drop of petrol ?

Nigerians paid for it due to the difference in exchange rate.

I bet those boys will decline the offer to return to naija.