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 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
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| Business / Re: 1 Dollar Is Now ₦1,070 by Ofunaofu: 11:25am On Apr 13 |
blancsn1: 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: You are irredeemable 2 Likes 2 Shares |
| Business / Re: 1 Dollar Is Now ₦1,070 by Ofunaofu: 11:19am On Apr 13 |
Reality3080: 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
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| Business / Re: 1 Dollar Is Now ₦1,070 by Ofunaofu: 9:49am On Apr 13 |
Ritchiee: 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: 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. https://punchng.com/seven-drowns-in-lagos-within-a-week-says-ppro/?amp 1 Like
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| Politics / Re: Alex Otti spends 5 billion naira on 1 kilometer road by Ofunaofu: 7:58am On Apr 13 |
Biodun556: 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: 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: 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: 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: 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:  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: 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: 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. |
| Business / Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Ofunaofu: 8:47pm On Apr 12 |
predictor1: Just say that I won the debate You got nothing else to say |
| Business / Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Ofunaofu: 8:20pm On Apr 12 |
| Business / Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Ofunaofu: 8:18pm On Apr 12 |
predictor1:. Jonathan never used it to campaign or promise to return it to where he met it. APC told us that N216 to a dollar was the worst thing to have ever happened to our naira, and they promised to make it better. We were even told that N1 would equal $1 by the change chanters, only to make it even more worthless. |
| Politics / Re: Governor Sim Fubara Forms Committee To Reclaim All State Properties From Wike. by Ofunaofu: 8:02pm On Apr 12 |
Wike is a notorious state lands and properties grabber Tinubu have appointed him to snatch grab and run away with lands and properties of the people of Abuja 26 Likes 5 Shares |
| Business / Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Ofunaofu: 7:59pm On Apr 12 |
azikiweironsi: The picture below shows the APC campaign against the PDP in 2015. Though they promised to make it better, I am merely making a modest request that they just take the naira to N216 to a dollar where they met. Is that a difficult thing to ask? Does it warrant all these insults? 1 Like
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| Politics / Re: I Challenge Peter Obi To Build This Low Budget In The SE by Ofunaofu: 7:20pm On Apr 12 |
rantingpigs: Absolutely 3 Likes 1 Share |
| Politics / Re: Aviation Ministry: Keyamo Has Proven His Critics Wrong by Ofunaofu: 7:11pm On Apr 12 |
And who are these so-called critics he proved wrong? 1 Like 1 Share |
| Politics / Re: I Challenge Peter Obi To Build This Low Budget In The SE by Ofunaofu: 7:10pm On Apr 12 |
Ttalk: You need it You are losing it all bro 4 Likes 1 Share |
| Politics / Re: I Challenge Peter Obi To Build This Low Budget In The SE by Ofunaofu: 7:00pm On Apr 12 |
BlackhatMentor: You have said it all. Let me add OP, I would advise you to delete this thread and go somewhere to indulge in some retrospection. You are becoming irredeemable. 6 Likes 1 Share |
| Business / Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Ofunaofu: 6:52pm On Apr 12 |
Omoboricash: PDP is not in power Infact, APC used it to campaign against the PDP in 2015, only to come and make the Naira worthless 1 Like
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| Business / Re: Naira Is "World's Best Performing Currency" In April - Bloomberg by Ofunaofu: 6:35pm On Apr 12 |
Slurity: Are you an APC supporter |
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