₦airaland Forum

Ade1177:
Edakun

How can I save in dollars

Before my 10k becomes 3k in my account

Withdraw the 10k in your account and search for abokis selling dollars location within your environment. Your 10k should get you $6.

dominique:
Excellent judgement if only death penalties are actually carried out. The brother was an accomplice and should also be penalized

Even if she's not killed, she will spend the rest of her life in prison.

Lamanii22:
I’m really happy tonightttt happiest night of my life… now I can eat my Eba in peace

I had to eat before the match started

martinkem:
There would be a rush of other investors trying to convert their naira into USD since they've spent the better of the last 6-8 years trying to get some of their profits out.

There might be a momentarily drop in the NGN/USD but it would be short-lived. Unless we address our balance of trade constructively the Naira would continue to see a downward trend

Except from the backlog Tinubu inherited from Buhari, is there any multinational complaining they can't repatriate their money? The backlog remain about $2.4 billion. It will be paid off pata pata by the second quarter of 2024.

Iheanacho

Nigeria just need to score

Goal

Southy too don lose

Is that not penalty?

aremubabs:
Take your chances, they will never hear.



Lookman had a clear chance, he chose to dribble.




If not that South Africa have been wasteful, we would be preparing for a third place match now.

I still wander why lookman failed to shoot

Up Nigeria

Penalty

Dem suppose score this ball nah

When I said the arrested kidnappers in Ekiti state do not look like fulanis, I was attacked by some guys here on nairaland.

The Chairman of Nigerian Exchange Group, Dr Umaru Kwairanga, has disclosed that two companies in the Dangote Industries Group will be listed on the exchange soon.

Kwairanga made this revelation on Tuesday during a closing-gong ceremony in honour of the Senate Committee on Capital Market and Institution’s visit to the NGX headquarters in Lagos.

He said, “As at last week, the president of Dangote assured me that the Dangote Refinery is going to be listed on this market very soon. He also said that apart from the refinery, he is going to list the fertiliser company (Dangote Fertiliser Limited). This is a commitment from the private sector.

“We have the Geregu that is listed and we believe that there are other GenCos that can use the opportunity of these National Assembly members here and our regulator to make sure we bring them to the market.

“We need to have a legislative agenda that will force the NNPCL, NLNG, PFAs to list on this market and we assure you that we have the capacity to ensure that all listings are for the benefit of the investing public.”

In a 2023 interview, the President of the DIL, Aliko Dangote, said that he would be listing the refinery on the exchange without mentioning a timeline.

Also, several outlooks on the capital market for 2024 had projected that the refinery would be listed this year and that it would be a major boost for the market.


In his comments, the Chairman of the Senate Committee on Capital Market & Institutions, Senator Osita Izunaso, stated that the legislative arm of the government would be advising the executive to encourage companies in the energy value chain to list on the capital market.

Izunaso said, “The stock exchange and the capital market are the future of our economy, it is the future of our generation and it is something that we must all support. We also have to encourage other companies to do so. Those that are listed and that are still listed like Dangote, we congratulate them.

“I will also request other people who have not listed to do so. On our part as legislators, we will advise the executive to advise the DisCos and GenCos that are not listed to come to the capital market, so we can all help to grow the economy.”


The Director-General of the Securities and Exchange Commission, Lamido Yuguda, in his comments, stated that the twin policy reforms of the government: the removal of fuel subsidy and the harmonisation of the segments of the foreign exchange market, have significantly impacted the capital market.

“The overall business environment is getting much brighter and once this environment gets better, people would then be able to make different financial decisions than they would have made if this environment had been as gloomy as it was before,” the SEC boss said.

The Doyen of the market, Rasheed Yussuf, urged the lawmakers to advise the executive arm of government to open up and allow the capital market to finance some of the projects it is currently holding on to.

He said, “The Nigerian economy has been experiencing some challenges and the economy has shown much potential that it is waiting for people like us here and investors, both home and abroad to take advantage of those potential.

“The upward trajectory in the market is real and what that is saying to you is that the capital market is ready and able to and has all that it takes to fund some of the projects that the government is holding on to.”

According to Yussuf, there are local and foreign investors who have the funds and are actively looking for the avenues to fund profitable projects.

“We have so many foreign investors who have shown interest in our market. We have so many local investors who have money stacked in the banks and don’t know what to do with it. And they are asking us because we are close to the investors, ‘What do we do with this money? Where do we put them?’ They are looking for veritable outlets to put the money.

“Let us take advantage of this interest in releasing some of the government’s holdings, some of the government’s projects that we are financing through allocation.”

He claimed that some of government projects could be channelled to the market and the market could finance them.

“That will absorb the demand and interest we are seeing from foreign and local investors. It will also introduce discipline to the management of the economy. We ask you to do that for us,” he concluded.


https://punchng.com/dangote-to-list-refinery-fertiliser-companies-ngx-group-chair/?amp

Goodlady:
Argue with Oranmiyan.

Tchewww

Goodlady:
His name is full Yoruba. Olumide Apata (Akpata). His names meaning are Olumide (my lord has come) and Apata (rock).
He's Edo and Edos must vote him by fire by thunder cos Edo itself is Yoruba land extension.

Edo is not Yoruba extension, you people should stop creating problems where there's none

thaoriginator:
He no good reach Thiago Silva

I thought Thiago Silva is a famous hollywood producer while Rudiger is a footballer I don't agree with your comparism

kingar:
2baba served, wizkid served too and gather fans that trusted in their craft b4 leaving to start up. Getting rich quick no Dey allow this genZ think

Strong word. Rudiger is good but standing alone is not easy

stephendinks:
The Nigerian foreign exchange (FX) market remained stable on Monday, with the naira sustaining gains attributed to recent policy interventions by the Central Bank of Nigeria (CBN).

Data from the Financial Markets Dealers Quotations (FMDQ) showed that the naira appreciated by 1.10 per cent, trading at.......

https://ratecaptain.com/naira-maintains-gains-on-cbns-fx-policies-as-naira-stands-at-n1419/#google_vignette

we still have a long way to go but is good the naira is strengthening against the dollar.

Look at the watery defense

just imagine this happened in Lagos. Obi, Aisha and their supporters on nairaland will call for a protest all over Lagos.

Last year, Otti spent close to a billion naira in 3 month on refreshments/meals, settlement of honorarium, allowances, and welfare packages for the eggheads. Aisha and obidients said nothing about it, they moved on as if nothing happened because it didn't happen in Lagos state and the name of the governor is not Sanwo olu

Ajehkpako4naija:
brain washed pretender, keep deceiving yourself on empty stomach. This Govt will favour me and my family

I am hungry but nah you dey cry on my behalf

Mr project is working

a4cube:
Paraman is that you?

Seun

Mynd44

Fergie001

This guy has been trying to provoke me, he keeps on mentioning my moniker in all his comment. He's deliberately provoking me, so I believe he's breaking rule 2

a4cube:
You go wail tire. Since you said the suffer no dey tire you.

just stop quoting me on all your post, I'm not asking for too much.

martinkem:
No....not really

So explain why you feel $20 billion flowing into Nigeria won't lead to the naira strengthening against the dollar

Tinubu is a caring president

The Minister of Finance, Mr Wale Edun, and the Minister of Budget and National Planning, Atiku Bagudu, have assured Nigerians that the high cost of living being witnessed by Nigerians is currently being addressed.

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, Chairman, Federal Inland Revenue Service, Zacch Adedeji, joined the ministers to allay the fear of Nigerians about the current inflation.

They all spoke when they appeared at the sectoral debate organised by the House of Representatives for the finance sector and stakeholders on the current cost of living at a Plenary in Abuja on Tuesday.

Speaking, Edun, who is also the coordinating minister of the economy, said “Where we are as a nation is a much better place than we were in on May 29, 2023.”

He added that Nigeria as a country was on the road to economic disaster by way of subsidy on fuel, adding that it was expected that there would be challenges as a result of subsidy removal.

Edun said that inflation had increased and the cost of living had spiked, but stated that President Bola Tinubu was committed to protecting the poorest and the vulnerable.

“As things improve, there will be further intervention on behalf of the vulnerable to assist in the cost of living.

“Let us be confident, calm, and assured that Nigeria will change in terms of economic management and that there will be intervention in every sector.”

According to him, there is a need to tackle inflation because full inflation accounts for 33 percent of the consumer price index.

He said there was a need to return to production, adding that industry, however, required energy to function optimally and that the President was also committed to using state power to subdue vested interest in the oil sector.

On his part, Bagudu said the president was committed to national development, adding that the President reckoned with the challenges of the living conditions of the people.

“What is happening in our country is obvious to someone visiting a construction site; we are very clear that we are on the right path and the challenges of the moment are being tackled.

“We are getting support from international partners, and they are all acknowledging the commendable steps that the president is taking.

“We have seen investments in the rail sector, the NNLG, and we assure you that we will overcome the challenges of the moment and sustain the economic growth as promised by the President,” he said.

In a related development, Cardoso expressed confidence that positive outcomes from the administration of Tinubu were already emerging and would further emerge in the near future.

“The concern as per the cost of living is genuine, and the urgency of the matter is not lost on us at the CBN, and we are working tirelessly to bring up a lasting solution.

He said inflation was expected to decline in 2024, adding that this would be aided by improved agricultural productivity.

He said that the challenges of the exchange rate had been tackled, adding that they were fueled by speculation, increased forex demand, increased capital outflow, excess liquidity, and increased demand, among others.

He said the CBN was addressing the forex demand by clearing forex operations and adjusting the remuneration standard deposit, among others.

Speaking, the FIRS boss, Mr Adedeji, said the service was not a revenue-generating agency but a revenue-collection agency, adding that the agency was doing a lot to increase the nation’s revenue base.

According to him, the target for 2023 revenue was N10 trillion, and we achieved N12.3 trillion because of the decision taken by the president.

Adedeji said the president took the decision to rectify the distortion in the economic parameters and remove the fuel subsidy.

According to him, we have overperformance from VAT collection and company income tax. We have the target of collecting N19.2 trillion in 2024.

The chairman added that the N19.2 trillion target was based on the fact that it would not collect new taxes but bring more people into the tax rate.

He said less than 60 companies, as of today, contribute less than 60 percent to the nation’s company income tax.

Meanwhile, the Deputy Speaker, Benjamin Kalu, said it was imperative to recognize the urgency and importance of the agenda before it.

He said, “We must also confront the stark realities of the economic, fiscal, and revenue challenges that our beloved nation, Nigeria, is currently facing.

“In the face of global economic shifts and domestic challenges, it is clear that robust reform measures are not just beneficial but imperative.

“We are at a pivotal moment where the decisions we make and the policies we implement will impact the lives of millions of Nigerians”

He said the reform should not only address immediate needs but also lay a resilient and dynamic framework that would adapt to future challenges and opportunities.

According to him, these measures should stimulate growth, foster innovation, and uplift the lives of every Nigerian.



https://punchng.com/solutions-ahead-to-cost-of-living-crisis-say-cbn-ministers/?amp

a4cube:
Even FG is lamenting yet aguluobi and paraman is saying everything is OK.

Guy stop this chidish stunt, please stop mentioning my moniker in your comments.

I wander why projects in Nigeria take a lot of years, maybe it's funding that's delaying it.

This project should not take more than 12 months. There's still a lot of work to be done

The wailers will tell us the CBN governor is not doing anything to stop the naira from weakening against the dollar