₦airaland Forum

TrebleChamp:
Polaris bank is buying at 👇

Ellexy:
This guy, you cropped just one part of an article and posted here, I posted the remaining part that you deliberately left out and you're asking me rest of the information....

When you posted your own, did you post the complete article?

larride:
But it's the right and correct thing to do. Whatever loss they incur will be under fx devaluation loss. The CBN cannot and will not give them $$ at the former 460. They are jonzing.

Like it was pointed out in the business day news, the CBN has deposited their own with the banks, when they are ready, they will go and pick it up there.

Itsrm:
From what I understand about Fx backlogs, they wanted to repatriate USD, CBN gave them the naira equivalent at say 460 to a dollar with a promise to provide the dollar at a future date.

Now, CBN is asking them to convert that naira they were given back to USD at the NAFEM window. This means they will get far less value for the naira they hold.

It's unfair on them but I understand the position of the CBN.

Ellexy:
The Headline is correct oga. Is this part below also part of the article?

Against claims by the Central Bank of Nigeria (CBN) that it has successfully settled all outstanding foreign exchange (FX) obligations, foreign airlines says the status quo remains the same.

Kingsley Nwokeoma, President, Association of Foreign Airlines and Representatives in Nigeria, (AFARN) told BusinessDay that as far as he is concerned, nothing has changed as regards clearing foreign airlines’ trapped funds.

“If they say they have cleared the trapped funds, they should show us figures. They should tell us how much have been cleared. The last I checked, the status quo still remains the same,” Nwokeoma said.

Itsrm:
Even if I get from Aboki, it won't be cash. In most cases, Abokis are not the ones selling directly to you. They just act as middle men.

Lets say I want to buy.

The actual seller will send dollar to my dom account while I'll pay naira to Aboki. It's ythe Aboki who will now settle the seller after he removes his own cut.

GloriousGbola:
As far as I can tell, They don't offer us food because it is all individuated subsistence farming. It is Niger state that is actually investing in agriculture proper

Officers of Isokoko Division, acting on credible information, raided a house in Agege where fake alcoholic drinks were being produced. The police arrested four people behind the illegal distillery, and recovered fake drinks, empty bottles and labels of different brands.… pic.twitter.com/IrJmVC1D2N

— Benjamin Hundeyin (@BenHundeyin) March 21, 2024

Itsrm:
Buying does not mean cash na. Never bought USD in cash. It's more expensive than transfer. Besides, what do I need it for?

Itsrm:
Thought you were advising us to buy the dip

Itsrm:
If you see anyone selling at this price, I'll like to buy

Ibime:
Someone is talking about lack of foreign exchange to defend Naira, you are countering with Tinubus suggestion of quantitative easing as response to the pandemic at the height of the pandemic in March 2020 when most countries enacted QE. Nobody asked Meffy to be printing 24/7 to balance budget, your screenshot is time specific to March 2020 when most of the Worlds GDP collapsed by up to 30% so everyone knows that suggestion is time-specific, and what it is in response to. USA GDP growth for March 2020 highlighted below for example.

Quantitative easing is a recognised policy tool to jumpstart consumption during severe economic downturns. along with aggressive rate cuts and asset purchase programs; and every economist called for that all around the world during COVID as a textbook response to the slump of March 2020.

Ignorance should not be worn on the head as a badge of honour. Someone is talking A, you are talking B.

Ellexy:
Same punch you posted is the same I posted but I should bin my own abi.... dey my fans

All this nonsense shalaye and excuse won't cut it. Whatever mess we are seeing today, Tinubu is among the chief culprits responsible for it.

He said he made the disastrous Buhari president, not only that he gave Buhari the economic template to run Nigeria which has led us where we are today.

So you can run from here to Katangora, he's highly responsible for this mess.

Ellexy:
Excuses excuses excuses every time. You and Tinubu should off the road joor.

The same Tinubu that told Bụbu to print more notes, same Tinubu that Bụbu and co were following his economic blueprints, same Tinubu that said he'll continue where Bubu stopped.... I can go on and on.

It's time to show workings, not time for giving pathetic excuses up and down like his predecessor did for 8yrs.

Ellexy:
Also pin the naira rate to dollar when Tinubu was sworn in so all of us can see how well he's performed.

Stop giving us half baked info.

seankafor:
but people of abia are not complaining?

Otti has been doing the Lord's work.... He has not failed so far has he? .. we love Alex otti, and we will continue to love him

larride:
Ribadu might actually be one of the best NSA we have had in recent years.

airmark:
Sad news?