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Business / Re: 1 Dollar Is Now ₦‎1,070 by Ofunaofu: 1:13pm On Apr 13
Kusu12:

Loser, wailer and obirodent has arrived.

You are irredeemable
Politics / Re: Funsho Doherty Writes On Lagos - Calabar Coast Road Project by Ofunaofu: 1:05pm On Apr 13
Sane Nigerians are speaking up.

The truth is that Tinubu broke the law by awarding a contract of this magnitude without passing through the National Assembly or through a competitive bidding process.

If it were to be in saner climes, Tinubu would be asked to resign or, at best, impeached. But this is Nigeria.

Honestly, Tinubu just carry hand put inside our common wealth, comot N15trn dash him friend, Mr Gilbert Chagoury say make him go enjoy himself. it is their turn to eat

1 Like

Politics / Re: Matawalle to NEF: Tinubu Won 2023 Elections Convincingly, You Don't Speak For Us by Ofunaofu: 1:00pm On Apr 13
grin
Politics / Re: Our Economy Will Bounce Back In Coming Months – Tinubu by Ofunaofu: 12:44pm On Apr 13
OkayDaddy:







They are here.

OkayDaddy

1 Like

Politics / Re: Our Economy Will Bounce Back In Coming Months – Tinubu by Ofunaofu: 12:44pm On Apr 13
DenreleDave:
Our brothers thinks and wants otherwise because of their failed messiah that can never grace the number 1 of the nation

I no mention names oooo. No one should attack me

cheesy grin grin grin

The one and only failed messiah, the blueprint builder is Tinubu

1 Like 1 Share

Politics / Re: Our Economy Will Bounce Back In Coming Months – Tinubu by Ofunaofu: 12:42pm On Apr 13
sad
Politics / Re: Obidients Declare Operation One Borehole Project Per Community In Support Of Obi by Ofunaofu: 12:41pm On Apr 13
NwaliE01:
You want to do one borehole per community and we have not see water fetch in Enugu Nike. Abeg make Igbos get sense small na.

Take up the challenge and provide a borehole there

Others doing it don't have two heads

2 Likes

Business / Re: Exchange Rate: What Is Now The True Value Of The Naira? by Ofunaofu: 12:38pm On Apr 13
Iamgrey5:
The 1.2bn is a result of the settlement they made to some companies. Those settlement were outstanding since Emefile period.

CBN are now receiving the dollars from the sales of our crude oil directly and crude is still where we earn 65% of foreign currencies. So CBN will have to intervene to protect the Naira from time to time with the money.


Good

But why vilify Emefiele for this same interventions

2 Likes

Business / Re: Exchange Rate: What Is Now The True Value Of The Naira? by Ofunaofu: 12:28pm On Apr 13
Iamgrey5:
True value of naira is at rate CBN is able to add to the foreign reverse and defend the Naira at the same time without borrowing to do so.

Alot of expact have put that at 900 Naira to a dollar.

Emefile was borrowing money to subsidize the Naira and keep it at an artificial rate. Hence, we don't know how bad the economy has gone.


CBN are the one in control of 80% of the foreign reverse inflow into the country so they will have to intervene in the market from time to time.

In trying to intervene, are they not going to use our reserves? 

Recently, it was confirmed that our reserve was depleted by $1.2 billion in eighteen days.

2 Likes

Business / Re: Exchange Rate: What Is Now The True Value Of The Naira? by Ofunaofu: 12:21pm On Apr 13
sholatech:
There are economic formulae used to approximate this, especially based on the money supply in the economy. cbn is selling to bdc at between 1100-1200 based on their internal approximate calculation on the current value of the naira

So as it stands, the naira is yet to find its true value.

But when it crashed to an all-time high of N1900 to a dollar, we were told by the people in government that it was going to crash more to reach its true value. So what is happening now that it has regained strength?
Business / Re: 1 Dollar Is Now ₦‎1,070 by Ofunaofu: 11:58am On Apr 13
Reality3080:
oga keep quiet

Don’t play dumb, we were all here when u igbos were jumping around that dollar would soon enter 5k

Shame on u emergency Nigerians

Shame on you
Business / Exchange Rate: What Is Now The True Value Of The Naira? by Ofunaofu: 11:56am On Apr 13
The above title is a result of the current happenings with regard to the naira. 

In February this year, when the Naira crashed to an all-time high in it's history, exchanging at N1900 to a dollar and even approaching N2000 to a dollar at the black market, Nigerians were screaming, shouting, and telling Tinubu that his economic policies were hurting the Naira. The defense put up by Tinubu, the CBN governor, their supporters, Bulaban, Agbadorians, and minions was that the naira was finding its true value. Though the naira has regained strength, they have now turned around to accuse other Nigerians of being happy when the naira crashed. What a confused set of humans, I must say. 

They also said that the rate of N1900 to a dollar wasn't the true value of the naira. That the naira was going to crash more to reach its true value.
In fact, in the words of the CBN governor, Mr. Cardoso, the naira was undervalued at the rate it was exchanging. It was going to crash more.

They accused Emefiele of so many things, one of which was that he was illegally using our foreign exchange reserves to defend the naira to arrive at below N760 to a dollar it was exchanging at the black market during his time as CBN governor.

Today, the naira has regained strength from N1900 it was exchanging in February to between N1070 and N1120 for a dollar. With efforts being made for the naira to regain more strength

So, I ask again, what's the true value of the naira? 

Modified

2 Likes 1 Share

Business / Re: 1 Dollar Is Now ₦‎1,070 by Ofunaofu: 11:25am On Apr 13
blancsn1:
Na una they pray make he crash enter ₦2000

When it crashed and we shouted, Where are you not telling us that Emefiele was illegally defending the naira? With the Tinubu policies of floating the naira, it is finding its true value. 

Why are you so unstable with your reasoning?

1 Like 2 Shares

Business / Re: 1 Dollar Is Now ₦‎1,070 by Ofunaofu: 11:20am On Apr 13
Reality3080:
were u igbos not happy then?

U were even saying it will get to 5000

You are irredeemable

2 Likes 2 Shares

Business / Re: 1 Dollar Is Now ₦‎1,070 by Ofunaofu: 11:19am On Apr 13
Reality3080:
nothing can satisfy u igbos n nobody is trying to please u

Even if 1 naira is 1 dollar

Nobody send una again

This is the problem I have with ethnic and tribal bigots.

How does that have to do with the Igbo? Are the Igbos the only tribe in Nigeria? 

Have you suddenly forgotten when the APC campaigned against the PDP for making the naira be exchanged at N216 to a dollar with the promise to strengthen the naira and make the exchange at N1 to a dollar? If you have forgotten, history is there, and the internet is there to always remind you.

4 Likes 1 Share

Business / Re: 1 Dollar Is Now ₦‎1,070 by Ofunaofu: 9:49am On Apr 13
Ritchiee:
It will crash to #200 shortly.
That Mr Cardoso is a genius.

Mr. Cardoso, a genius

He will surely be a genius if the naira exchanges at N200 to a dollar where the APC met it in 2015.

57 Likes 7 Shares

Politics / Re: Ijaw Cry Out Over Invasion,arrest Of Prominent Leaders By Soldiers by Ofunaofu: 9:45am On Apr 13
Tranquillity360:
Most Yorubas said soldiers should level the whole communities.




But they will be blind when their Nigeria soldiers is used for suya in North.

They are happy that Tinubu and his soldiers are committing genocide in Ijaw Land.
Travel / Seven Drown In Lagos Within A Week, Says PPRO by Ofunaofu: 9:12am On Apr 13
The Lagos State Police Command has said a total number of seven persons have lost their lives to accidental drowning in different parts of the state this week.

The state Police Public Relations Officer, Benjamin Hundeyin, disclosed this in a statement on Friday.

According to him, the incidents were recorded at hotel swimming pools, a beach, and the Third Mainland Bridge.

He wrote, “This week alone, seven people drowned in hotel, swimming pools and beach. Two in one hotel in Mushin, One in one hotel on the Island, One on Ibeshe Island, Two fell off Third Mainland Bridge in an accident, another one in one hotel in Shasha.”


Recall that two passengers reportedly fell into the lagoon on Wednesday after a commercial bus crashed on the Third Mainland Bridge in the state.

Other occupants of the vehicle sustained varying degrees of injuries in the accident.

Lagos Territorial Coordinator of the National Emergency Management Agency, Ibrahim Farinloye, in a statement, noted that the driver of the 18-seater bus, who was on speed, swerved off the road and hit the bridge rails.


He stated that the impact of the crash forcefully pushed the two passengers off the bus into the lagoon, adding that the victims, an adult male and female, were being searched by the Marine Police.

https://punchng.com/seven-drowns-in-lagos-within-a-week-says-ppro/?amp

1 Like

Politics / Re: Alex Otti spends 5 billion naira on 1 kilometer road by Ofunaofu: 7:58am On Apr 13
Biodun556:


Why are you people saying Lagos calabar coastal high way is too costly at 4 billion naira per kilometer?


Atiku is the one saying it; there's no "you people."

The "you people" you are emphasizing are merely re-echoing what Atiku said and are all of every tribe and ethnicity who are lovers of true democracy, transparency, and accountability.

Provide answers to Atiku's questions. Simple
Politics / Re: Rufai Oseni, How Far With Your Doom Predictions About Dollar? by Ofunaofu: 7:49am On Apr 13
helinues:
Had Peter Obi won the election, Rufai Oseni would have been made the minister of communication cos that was the arrangements.

They all invested their hard earned money on Peter Obi's election without getting shishi, since there money don enter bush, they have been displaying chronic signs of bitterness, hatred and frustrations towards the development of Nigeria.

Meanwhile, Naira is not only bouncing back against dollars, but other foreign currency too .

Shame on Rufai Oseni and bitter people like him.

Better Nigeria ahead with his Excellency President Tinubu

What is wrong with you? helinus

How many times have I warned you to stop creating senseless threads and comments on Nairaland?

13 Likes 4 Shares

Politics / Re: Lagos-london Flight Fare War: Festus Keyamo Is Doing Well. by Ofunaofu: 7:46am On Apr 13
muykem:
Lagos-London Flight Fare War: Here are the new flight fares for Lagos-London economy tickets:

1. Egyptair - ($470) ₦585,620

2. Air Peace - ($655) ₦816,130

3. British Airways - ($787.99) ₦981,848

4. Virgin Atlantic - ($927.99) ₦1.1m

5. Royal Air Maroc - ($456.99) ₦569,422

6. RwandAir - ($545.35) ₦679,070

7. Ethiopian Airlines - ($543.84) ₦677,824

8. Turkish Airlines - ($647.84) ₦807,408

9. Air France - ($915.99) ₦1.1m

10. KLM - ($927.84) ₦1.1m

Note: Other airlines only reduced their prices after Air Peace slashed theirs to an all-time low for this year. It's worth remembering that only Air Peace, Virgin Atlantic, and British Airways offer direct flights to London. Additionally, only Air Peace serves traditional Nigerian dishes such as akpu, isi ewu, ńgwọbi, pepper soup, abacha, amala, tuwu shinkafa, etc.

Fly Air Peace, the pride of Nigeria.

Fly Air Peace, The pride of Nigeria

OP, can you create a hashtag with that

Let's promote our own

1 Like

Politics / No Fine For First-time Offender Who Pleaded Guilty?adeyanju,yesufu, Others React by Ofunaofu: 6:11am On Apr 13
...over Bobrisky’s conviction


Reactions have continued to trail the conviction of popular crossdresser, Idris Okuneye, also known as Bobrisky, to six months in prison without the option of a fine.


The main pain points for many were that it was Bobrisky’s first offence and he pleaded guilty. Also, there were other person who were spraying money at same event as him.


Vanguard earlier reported that Justice Abimbola Awogboro of the Federal High Court in Lagos delivered the judgment after Bobrisky pleaded guilty to Naira abuse charges.

Activist and lawyer, Deji Adeyanju; fiery rights advocate, AishaYesufu; infleuncer, Omojuwa, are among many who have expressed their misgivings about Bobrisky’s sentencing.

Reactions

After the ruling, activist and lawyer, Adeyanju, faulted the court’s decision to sentence Bobrisky to jail without the option of fine.

He questioned the appropriateness of the sentence. He cited efforts to decongest Nigerian prisons and the fact that this is Bobrisky’s first offense. His statement read: “We note with concern, the six months sentence handed down to Mr. Okuneye Idris Olarewaju (AKA Bobrisky), without an option of fine, for Naira mutilation offence, as reported by various national news platforms.

“While we do not condone any attempt to break down the law or actual violation of the law, we are, however, constrained to state on record that at a time when private individuals, non-governmental organisations, states and federal governments are taking steps to decongest our prisons, Mr. Olarewaju, a first time offender, has been sentenced to six months imprisonment, notwithstanding his allocutus and promise to use his platform to sensitise the public against Naira mutilation.

“In handing down sentences, we urge our courts to be mindful of the cultural undertone surrounding offences.

“The act of spraying Naira or (otherwise called Naira mutilation), though an offence criminalised by law, is one that has been part of our cultural practice from time immemorial.

“The relevant agencies, therefore, have a duty to carry out large scale sensitization on the issue, before seeking to prosecute offenders.

“We also note that even at the said event where Mr. Olarenwaju was alleged to have mutilated the Naira, there were several other persons engaging in the same act. The question is, why single out Mr. Olarenwaju?

“In prosecuting offences like this, security agencies must be careful not to give the impression that the defendant is being targeted for alleged offences other than those stated on the face of the charge.” ‘The more you look…’

Similarly, a lawyer, Inibehe Effiong in a post on X (Twitter) wrote: “Six months imprisonment without an option of fine after he pleaded guilty? And despite being a first time offender?”I’m speechless!”


@AishaYesufu said: “Who advised him to plead guilty? How does spraying of money equate to mutilating money?

“If it is and a crime why is it selectively used?”

A constitutional lawyer, Festus Ogun, wrote: “Bobrisky is a first time offender. He pleaded guilty at the earliest opportunity, to save the time of the court and resources of the state.

“Yet, he was convicted and sentenced to six months imprisonment WITHOUT an option of fine.”

@Omojuwa wrote: “I hope there’s room for appeal. This person is a first-time offender who immediately pleaded guilty.

“Six months without a fine makes it appear like there are motives beyond what has been spelt out. It’d be one of the most bizarre carriages of ‘justice’ you’d ever see in Nigeria.”

@_Asiwajerry wrote: “This Bobrisky sentence is a matter of the more you look the less you see.

“There are people who have committed far more heinous crimes than what he did and they got bail options.”

X user, @Letter_to_Jack said: “Never been a fan of Bobrisky. But if the breaking news of his sentencing is correct, then it’s worrisome. Is six months jail term without option of fine not excessive to you guys?

“Or you don’t care about fairness because you want the guy punished for something else entirely?”

https://www.vanguardngr.com/2024/04/no-fine-for-first-time-offender-who-pleaded-guilty-adeyanju-yesufu-others-react-over-bobriskys-conviction/amp/

2 Likes

Politics / Re: It's Too Early To Threaten Nigerians With 2027 Elections, Hayab Cautions Nor by Ofunaofu: 6:05am On Apr 13
blancsn1:
That will be you igbos without a doubt



A northerner, Rev. John Joseph Hayab, is talking to the Northern Elders Forum, but here you are dragging the Igbos into it. 

Listen, you go just die on top Igbo matter.

Tinubu no even send you

4 Likes 1 Share

Politics / Re: It's Too Early To Threaten Nigerians With 2027 Elections, Hayab Cautions Nor by Ofunaofu: 5:47am On Apr 13
helinues:
Toh

Make we wait and see what the emergency lover of North have to say to this

grin

And who are these emergency lovers of the North?

helinus, let me warn you again: stop making senseless comments on Nairaland.

2 Likes 1 Share

Politics / Re: Tinubu Promises Economic Turnaround By December by Ofunaofu: 5:42am On Apr 13
"Propaganda does not deceive the people; it merely helps the APC, Tinubu, those working with him, their supporters, Agbadorians, and Bulabans to continue to deceive themselves."

18 Likes

Celebrities / Re: Bobrisky: EFCC Warning On Abuse Of The Naira (Photos) by Ofunaofu: 9:30pm On Apr 12
Juliusganduje:
Agreed but you are one of those with personality disorder that needs medical attention asap.

grin grin grin grin grin

62 Likes 8 Shares

Politics / Re: Governor Sim Fubara Forms Committee To Reclaim All State Properties From Wike. by Ofunaofu: 9:12pm On Apr 12
WorldRichest:
Whom the gods want to kill, the first make him deaf, then mad.

Let's see the Rivers State Police established by Sim Fubara and the so called Rivers Elders that will invade Wike and his federal Police.

State of Emergency is fast approaching in Rivers State, even the so called Rivers Elders go run.


Wike + Tinubu VERSUS Sim + Rivers Elders

Is Wike the commander of the federal police?

The last time I checked, Tinubu is commander in chief of the armed forces and police. Are you now implying that Tinubu will hand over the federal police to Wike to go fight Sim Fubara, the Rivers Elders, and the people of Rivers State? 

Are you also implying that Tinubu have taken sides with Wike to declare war on Sim Fubara, the Rivers Elders, and the entire people of Rivers State?

4 Likes

Business / Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Ofunaofu: 8:59pm On Apr 12
predictor1:
You can see I'm still talking to those that are smarter than you.

Not on this debate, or probably you are just repeating what was already said. 

As far as you and I are concerned, this debate has ended with me winning it all.

Take a rest, bro.

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