₦airaland Forum

God wount tell you the winnng numbers for euromillions.

dawnomike:
Like seriously!!!... They rented/leased out their opay account for business.
Well, they will be fine... If they are truly innocent, they need to learn some sensible lessons.

So, they do not know who they rented their OPAY acct to... ?

Inshort, their story no make sense.

Lol, better settle you personal affairs before boarding that train.

ALTERNATEID:
Very strong words from the governor. I’m not an Atiku supporter but I think there is a need to tune down some of these rhetorics so as not to overheat the polity. All hands should be on deck to fashion out a lasting solution to the security problems confronting us and not politicize it.

Btw, Gov Ortom and other turncoat PDP governors should waste no further time in declaring full support for Asiwaju Bola Tinubu. He is the only nationalist in the race who will carry everybody along in ensuring national peace and security. He will stabilize the polity, settle all primordial disagreement, revive the economy and set the country on the path of shared prosperity. He’s the best bet for Nigeria at the moment.

And what was his response after the killings of the afenifere leaders daughter by Fulani heardsmen cum bandits?
Where are the cows? Then ingeniously brought up the issue of Evans and igbos into the discussion. Tinubu might have his good parts like any other person, but certainly not when it comes to Fulani, his ambition seems to becloud his judgment.

Well said baba!

Naira20:
Lol
Abati has killed the credibility

You know what? Is was even good the way abati bahaved. It shows that despite the modulator being hostile, certain candidates still went there, faced him and proved themselves. Atleast, you cannot say it was biased towards eg Obi. Rather aggressive.

Where he will read out a speech and not be asked random intelligent questions.
We what to hear baba speak, grilled etc, who knows lots of folks might be convinced to vote from him despite him promising basic farm produce for Nigerians to eat, without meat or chicken sha.

Meanwhile on another note, what is happening in Lagos. So many men in mufty holding impliments looking like rakes with sharp pointed hooks (to puncture tyres) stopping vehicles expecillay trucks, mini vans etc.

If one catches this thwart, what is the likely thing to do to him.
Personally for me, it is to ask him to shave that his white bia bia

MeaslesMumpsRub:
Lmaooooooooooooo
BuahahahahaHahahajajajajjajakakakakak



Peter Obi say na ANPP.


Loool
The Peter Obi is not so smart after all.
He still lied untop defunct ANPP Head.

You don see billionaire weh no smart before?
If not why you, me and 99.9% of Nigerians no be billionaire?

This one is not hungry man food ohh!
Looks tasty.

Roysnickz:
Thank God you said you may be wrong though. You are actually are. Your analysis are class room, what it's called paper analysis. The perculial nature of the Nigerian society is not taken into proper consideration in your analysis. In her quest to avert the continue dollar appreciation against the naira, CBN rolled out many policies which though seems excellent on paper failed in reality. The recent was that of June 2021, it actually took dollar to N600 + within a short time. We were all assured that it will come but to no avail.
Start with, you failed to realize that the BDC business is not an Aboki in the street business. The BDC is a highly sophisticated business, run by highly influencial people. Thus, the politics of the BDC is way beyond the CBN governor. He knows it and know too well that a deliberate and patriotic attack on the BDC business to safe the nation's currency may eventually consume him. Arrests can be made to some casualties, but those ones rooted will quickly regain their freedom and continue the business.
Note also that the BDC source their dollar from the CBN. Think about that.
N50m monthly limit is just for you and I, I mean, the common man and not for the so rooted BDCs. Be assured that the BDC sharks will continue to assess billions from banks unabated. Remember, this is a public platform hence I won't be calling so highly placed names involve in the unpatriotic business.
For the normal ( not rooted BDC agents), the deal is as simple as getting 20 different people's account and running N50m each, making a total of a billion naira monthly.
I remember when currency arbitrage was lucrative untill CBN place a limited 100$ per ATM card, within a short time, guys created different bank accounts. A guy with 50+ ATM card could run 5000$ monthly.

Hmm, In short we are doomed.
I thought the policy released on Friday was a light at the end of the tunnel. I was optimistic.

kettykin:
The man should be made minister for entertainment by whoever wins

A faaji lover..

Faaji loving aspirant

temitope27:
OBI IS A FOOL

JAGABAN IS COMING. CLEAR THE WAY FOR ASIWAJU

With this big head in the pics, one would have thought he wount be scared of a debate assuming it is full of cranial matter as it use to be those days.
But it seems the effects of eating too much dodooo, cassava, garri, eba and agbado may have taken its toll.

This Reno fellow is pathetic.
More of the town jester or village idiot.

plaindealer:
.


This deranged clown is handling your issues?

I hope he continues to handle your issues in biafraland..

If you have a business you took a loan to set up and it is a make or break deal. Who out of the 4 major candidates will you hire as a manager to run it on your behalf?
Furthermore it is myopic to assume anyone that does not support Tinubu or Atiku is a Biafran ie from the east. Are you aware you have other places eg delta, Bayelsa, Akwa Ibom, cross river etc in naija?

frog12:
it does not matter. OBI responded very well to show us that Dino is a troublemaker.
and Nigerians don't want troublemakers

it was a mistake for Atiku and Tinubu not to show. the people that were there are more serious for the office. I really enjoyed myself.

Mistake, OK Atiku has proven he has no issues with debates. But Tinubu, laughable. Even his vp sef talk say oga you go naa, I don taya to go talk oh, every time of you go de hide come send me. Tinubu go say, aboki abeg go, make them no see me finish say this my head weh get sense before, e don empty now, so tay I must lick finger to change page not minding corona birus.

plaindealer:
Tale of 2 presidential candidates TODAY in Nigeria..

Yeah, the first in your pics, faaji loving fellow while the second is handling issues.

Tochi3:
Where is Thief'nubu....

Legend has it that he is still licking his fingers trying to open the next page..

Alwaysready:
Taking note the cbn deadline in which the old naira will be obsolete and you cannot deposit more than an amount monthly, also that your account will signal red flag with

At the bolded. There are company accounts that can make 100m transact in a day with your card. Now,if they say 50m,why won't you split the money into two banks and transfer?

I have website that will take your naira and give you dollars but you should use company cards to deposit where the limits are high.

eg I have 500m in naira and I want to buy equivalent crypro from you, will you be willing to collect ₦500m in cash?

Yes. You will have to transfer to my company acct and get the equivalent in crypto asap.

they say multiple acts wount be accepted as they will monitor with bvn.
The issue I no de clear about na this one of company account. That may be a spoiler if it is not limited also.

Dino was there in the front row as a spoiler and troll. To undermine Obi. Obi one time called him out, warning him to cease and desist. That is the way you handle things, not to act as a mumu always.
Good to see a no nonsense part of Obi. Heck, he couldn't have built such business being a walkover.

Jnkay:
I love what Obi did. It shows manliness and power. Dino and Rino should not take Obi's simplicity and humility for granted. Sometimes in life you need to create a boundary so that next time if the person wants to talk to you he will think twice. Obama did it, Clinton did it, George Washington did, and even Trump did it. I will be disappointed and see Obi as weakling if didn't tackle Dino now that he has one on one opportunity to respond to him. Obi has taken enough from Dino and Rino


Rino should prepare for his one on one tooo.

They should let the sleeping lion lie or Rino and Dino should see more wotowoto.

Well said.

The police that raped nko?
Are they not gay?

Trottle:
True! I'll not be surprised if we start seeing massive investments into new companies and more donations to various causes because the excess Naira definitely will be put into use.

The Naira might actually stabilize a bit, and the economy pumped up.

Did you notice at an occasion yesterday, Dino malaye, famously known to be stingy made a cash donation of 500k and promised more, the next person to mount the podium was sowore. Lol, sowore started his speech by pointing out Dino made a cash donation signifying hourded cash and that recent cbn policy was working.
Have you notice also wike employed 100,000 SA on political unit affairs? Infact on their inauguration 3 days ago, he announced another 100,000.
I can bet you they will all be paid in cash as it is rumoured that he is one of the governors that has heavily warehoused the naira.
Hopefully,this policy is not targeted at other political actors while the favoured one by this administration is allowed to easily use the usual bullion vans to change his stash thereby giving him monetary edge.

See, this is the major problem with oga at the top. He does not act. It's either all he does is eat and play in the other room. Ministers under him do as they wish and nothing is done!
This ngige fellow is now a spoiler, under him, doctors went on strike and have left the country in their thousands! Same thing will happen to lecturers soon, meanwhile his kids probably school abroad.
The man has taken this issue as a personal one. An ego thing. We all know short men, igbo for that matter are usually stubborn and egocentric. Mennn, you need to met my cousin, very short guy, but the bravado he has ehh? Nobody can chance him. He will rather everything scarters if he does not have his way.
Same thing with this chap.
He ought to have been removed by a serious government Tay Tay for things to move ahead.

Alwaysready:
The demand is always at the high side and has no direct relationship with the printing of new naira notes. The demand and supply at the parralel market always determine the rates of exchange each day and even after the election,the rate will still be at the high side.

The abokies will always exchange whether there is new or old naira in circulation. What happens to online transactions? Most people do their transactions online through crypto. Is the CBN aware about that? Or do they have any influence on limit on how much one can transact online using those means?

So,just leave it. Our Gold reserve is nothing to write home about and the demand for dollars will keep increasing for export reason why it will never have any direct relationship with new notes printing.

You are right.
But my point is that this sudden demand for dollar is because of the huge amount of cash out of the banking system allegedly held by looters, politicians etc.
If the new cbn policy starts tomorrow, it may limit abokis willingness to exchange their dollar for the hourded naira recently in circulation. What will aboki do with the cash if he too cannot bank it?
This means aboki will rather sell his dollar for dom transfers. Ie i transfer naira online to aboki and he credits my dom account from his own dom.
This invariably means the excess hourded cash in circulation will be out of the forex market there by reducing the pressure on the naira.
As per crypto, I think the effect is negligible for now. If eg I have 500m in naira and I want to buy equivalent crypro from you, will you be willing to collect ₦500m in cash? Taking note the cbn deadline in which the old naira will be obsolete and you cannot deposit more than an amount monthly, also that your account will signal red flag with efcc.

Alwaysready:
No,that's not the angle you should look it from. Anyone wey get too much cash,the abokies will exchange the one available to them at a ridiculous price and leave them to the mercies of the bank.

Now,when there is no enough dollar to pay for the Naira,don't you know it will take the price of dollar upwards?Or how are you reasoning this or from what angle?

my angle is this, aboki has the dollar, the hoarders have bulk money they have stored ie naira in cash they have to change to dollars since they are now incapacitated by the new cbn bank deposit rules. What this means is that if you have 200m cash, you cannot deposit more than 50m in the bank for 1 month. So dollars is the next option. Hence the high demand for fx now and pounds and dollar hitting 1k.
Now if the cbn rules released the past friday takes effect tomorrow, my thought is that aboki that has dollar to sell, then exchanges dollar for naira. What then will he do with the naira if he has passed his limit of 50m monthly cash deposit allowed? Will he decide to warehouse it at home or office since he cannot bank it and not forgetting there is a deadline onto which old notes will become usless?. See, 50m for an aboki that changes money is not much, they do such transactions in days. My thought is why will aboki sell the dollar he has when the naira he gets from hourders will expire soon? Afterall that is why the hourders are rushing to sell in the first instance.
This is how I see it. May be wrong though. But I see the demand for dollar being high, but few abokis willing to sell for CASH.
They will only sell via online domicilary bank to bank transfer. As in you credit abokis naira account while he credits your dom account with dollar.
So all the billions of naira stored by politicians, looters etc will end up being out of the forex market thereby reducing pressure on forex.

baralatie:
Don't count your chicks till they hatch

Its just my opinion, and that is the only light at the end of the tunnel I have seen while trying to remain positive.
What are your own thoughts?

Alwaysready:
Don't you guys know before? We ,the analyst predicted this since June this year when $1=#600

I called family members and friends to go buy usdt or dollar and save in their Dom acct but they taught I was kidding.

Now,listen carefully all Nigerians. There is nothing any Govt can do about this,Dollar will rise pass #1500/$ next Feb,2023.

Our gold reserve has depleted. We mostly depend on import and foreign made goods. China is our main supplier of such goods .

The blackmoney also is not helping anything. See them loading trailers of stech cash all around running to the banks and abokies. They will gnash their teeth very hard.

I learnt some of the politicians are crying hard now. The CBN has limited individual and companies the max amount they can accept from them.

Check my signature let's trade now.

"The CBN has limited individual and companies the max amount they can accept from them."

That is what will checkmate the fall of the naira.
The cbn has blocked deposits to new accounts at 5m and old ones at 50m per month. All monitored by bvn. It was announced yesterday.
Now all man de rush go buy dollar. When aboki buys the dollar, what will he use it to do? He cannot bank the money since he cannot do more that 50m per month. I suspect abokis will soon stop selling dollars as the naira will be Usless to them.
This will make the demand for dollar fall and the exchange rate improve.
What are your thoughts?

One guy don talk on top YouTube comments say if Tinubu appear make him no make heaven. Say when trumpet sound make him no rise. Lol

Baba head Just big, nothing de inside again. Abi you wan embarrass am for live TV?
Even him vp don taya to appear for am de give excuses.

I hear one of them has japa as usual. Na true?