₦airaland Forum

seborrhic:
I detest Tinubu because see him as another utterly corrupt man hyped up by propaganda of lies about not just his educational history,but his capacity,but anyone residing in Nigeria,that does business and earns income in Nigeria,should not wish that the horrifying depreciation in the value of the ₦ continues and would so wish that Tinubu revives the economy.
The effects,even at this ₦1000/$1 are already devastating all round.What happens if it continues getting worse!

Continue detesting. Rather, strategize on how to adapt into the new economic reality.

VULCAN:
You know nothing about the game.

Nobody who buys and holds dollar can lose.

There are no fundamentals to back a permanently low exchange rate.

Nigeria has destroyed its SMEs so there are no tangible exports.

Crude is not enough as all of that gets siphoned by those in power.

No country can maintain its currency value without exporting more than it's importing.

None.

Under Tinubu dollar will get to N2k because he has no economic blueprint outside taxation and when the people can no longer earn what do you tax?

Time will tell.

lionshare:
You have no business discussing this topic if you do not know how much oil we are producing. There is nothing fuzzy about it our production has been marginally increasing for the past few months. Again you are pushing your opinion with no fact.

Maybe he is one of those speculators causing artificial surge in value of dollar as against naira.

LordAdam16:
They leaked to the press that they'd receive funds this week from foreign lenders and start clearing the backlog.
They made this inaccurate disclosure because they had to stem the drop in the parallel market.

If this week had ended without any action on the backlog, it'd have led to a surge next week.
That's why they're tapping into the reserves.
Preliminary reports state they took out $1B.

I guess they'll stagger it every two weeks or thereabout until they receive the funds which they'll then use to plug the leaking reserve.
Meanwhile the downward pressure on rates will hold.
Ensuring a near-term band of 900-1100.


All of this is contingent on those funds coming in before the end of the year.
If they don't, we'd have a negative net reserve and rates will crash with a vengeance.
It'd have been great if the Dangote Refinery had commenced gasoline refining.
But while it may yet kick off before the end of the year. It'll take a while to ramp up.
Most of our crude is earmarked for export to secure prized $.

The CBN is trying to restore belief and confidence in their capacity to meet institutional obligations.
To that end, this is helpful.

-Lord

A very good analysis.

dododawa1:
When will APC entered ?

Oyinbo!!!

Bvlgari:
What lessons have you personally learnt from his case?

Always invest in bouncer when you are a star like Kizz Daniel

AdamuKD:
Rubbish
By the time Ebola Tinubu deal with Nigerians wIth hunger and poverty, everybody go learn by force. Whether you voted for him or not.

They think that it's by being tribalistic. Ask Northerner's and Katsina people how far.

I even like the way emilokan bastards are begin to die of hunger

Las las na third mainland bridge go be una destination

That is why if I want to help someone, especially on social media, once I see any Ronu name, I go just Waka pass. Make them go meet their emilokan certificate forger.

You call a whole tribe bastard. 3 years time, you come begging them for votes.

Nigeria will always occur to you and your generations to come, the way you pray for it.

90dbest:
I've said s typical aboki has more sense than a Yoruba man

See sense in your comment. You think you are superior as Igbo.... Continue!!!

DatNiggaDaz:
Tv Reality foool

Like your generation.

Bbgbs23:
Everybody for himself these days. "You tell a Pastor you're hungry, he tells you to pray for provisions. You tell a pastor you don't have a job, he tells you to pray for miracle job. In the midst of all these, contributions and tithes are important."

Disclaimer: This isn't to stop you from loving God or going to church. But please be wise.

kuku kee the pastor now. When they ask you to bring tithe to the house of God, you all complain.

Adjovi:
Na where USA and UK dey get power to flex muscle be this . When they see their mates like Russia and China them go dey shake

The same Russia that could not eliminate ordinary Ukraine?

BlueAir:
If Russia should play along and stand behind Gaza,things will balancely get sour. But Russia is more focused on Ukraine regardless of its available resources

Russia cannot sustain 2 war fronts. Ukraine is gradually exhausting their arsenal.

kevwemike:
Russia can't even figth on 2 front, only Ukraine dey give them though time.

Russia that is crying to North Korea to buy weapons.

id911:
But why can't these busybodies Western leaders call Isreali and Palestinian leaders to a roundtable talks and make a binding resolutions that'll make lasting peace possible thereby stop the intermittent fight and bloodshed once and for all? I just don't understand it at all.

Why can't Palestinians use their heads. They started the assault on innocent children, senior citizens and women.

Tizmamoney:
Dark City

Shebi there is light Awka.

Dareal90s:
All the noise on they promised electric but they are using fuel will end.

Don't mind them.... The ones in Anambla are using nuclear power.

Urheadmaster:



Why safe certificate forgers when they ought to burn to ashes

The hatred in your generation will not lead you good.

AntiChristian:
Fuel price will increase again!



God punish evil Israel for occupying Palestinian Territory!

You read Bible at all?

Bliss52:




Naso them dey always make mouth

Mere 9 million people in Isreali with heavy protection from America making mouth

It's not even up to Oyo State or Niger State in Size

When Germany almost finished them, they were rescued and accomodated

.

Who asked you to put mouth for Israel matter now. Na jeje naija dey o.

HopeSpencer:
Customer isonu

Customer da a da a ni

BALLOSKI:


You wan give gbajue people heart attack?


Tinubu is a game master. He got them fixated on his certificate as if there's something hidden there to favor their case in court. They made a mountain out of it. Created a media avalanche out of it and, this is where it all ended. They're in shame.


He was even preventing them from his certificate as if it's his only way to breath, not knowing he's goading them to nothing.

Those stupid judges can go and sleep after disrespecting their own laws.

Rufai Oseni and David Hundeyin can now begin to wail again.

You are very right. He got them fixated as if they were going to discover something huuuuuge.

plaindealer:
And these learners won rule Lagos.

This is when learners won rule teachers..

Tinubu created the same LAMATA agency that Obi's anambra people are learning from, but Obi created nothing, nothing for the future generations of anambra and SE people to learn and benefit from.

Now, they need governance and institutional lessons from Timubu's agency.

Sad..

TELL THEM

ican2020:
That’s good but why would a first class degree holder beg court not to release his academic records

Many Nigerians like celebrating their achievements and I even expected him as a first class degree holder to authorize the court to even publish his amazing performance on social media for all to see

Did you pay for his school fees?
He has the right to just release what INEC needs. He is the information subject here. Data protection officers and professionals will understand these.

Take non-diary milk.

Wisereborn:
Since Peter Obi is still adamant about reclaiming his mandate in court, we must continue to revoke his lands blame IPOBS , burn the markets that belongs to the Igbos, send the Nigerian army to kill their people with flimsy excuses

Let the Nigerian Army mount road blocks in the East but leave the north vulnerable, yes! We are on Tinubu's blueprint

In addition to all these investors will definitely invest in places such as this!!!

Follow the man that knows the way, the sagacious jagaban ♾️

You've got 8 years to do this.

pachigo001:
Will a Yoruba man mourn an igbo man like this don’t know why my brothers no get sense

Oga o

omoredia:
Lies upon lies

You just don't wanna believe anything good from this country.

Nigeria will always happen to you the same way you see it.

taylor88:
My own na make them divide country



I’m tired of all these yoruba parasites


I want Niger Delta republic

You just sounded like a wise I-diot

opamoses1:
Just like they thought Rochas Okorocha was Hausa.

Just like they thought Buhari died and one Usman from Niger replaced him.

Curious346:
Nigeria is gone

Nigeria is gone to you.

AntiWailer:
Majorly caused by the floating of Naira.

If you owe 1M dollars in April, - you are owing 460 Million Naira.


Now without doing anything or even adding interest, you are now automatically owing 800 Million Naira.

Also.
“The government was borrowing to pay for subsidy and that subsidy was steadily increasing. If you convert it to dollars, it won’t be so much, but because naira has depreciated, by the time you do the multiplication, it will increase significantly in naira terms.”

Another reasons why subsidy must go no matter the pain.

Add Ways and Means Advances of the Central Bank of Nigeria to the Federal Government usually used to fund an ill prepared budget.

Though it sounds odd, your analysis explains it all. God bless you.