PoliteActivist:
*Politeness*
It will bring in people and investments.
Don't you see US always accusing China of intentionally devaluing their currency?
Example, if Togo devalues their currency you'd be going there to buy stuff and vacations, but if they inflate their currency you won't go

So how many don enter naija to buys stuffs and do vacations

ify2016:
Heat in Lagos most especially in the afternoon is something else.

Came from my office to the next office building , my body don turned to water.

Climate change is doing us strong thing.

We need prayers in this country.

By the way ,how do we check the status of the climate on our phones?

Climate change.. and your solution is prayers..

God please..after rapture takes place..

When next you want to create another earth.. don't include black people!

Rubbish....very heartless cousin..


What do you want to do with the verified Information..

You know how some students suffer?
Now wet Tinubu don do pro max version of buhari

Inflated or not...
Give him the money plus extra..

Abi you wan make e go thief ..

blueAgent:


Stop talking like a illiterate.

Companies make massive profit , as well as losses.

Have you ever , heard of a wild cat well?

Exactly.. MASSIVE PROFITS as well as losses

At the end of the day it's still profit..read before you comment ignorantly..

If there are more massive profits than loss..then it is still profits over all

I am not sure they will agree


https://www.youtube.com/watch?v=nrLqIEaKdLE

tctrills:

Oil is not always profitable. You are very ignorant.
But to educate you, I will just give you a link.
https://www.google.com/amp/s/www.forbes.com/sites/rrapier/2022/04/24/if-oil-companies-control-prices-why-do-they-ever-lose-money/amp/
Please take the pains to do some research before coming online to disgrace yourself and those who paid for your education.

You are the highly ignorant one..

Go and check the profits declared by these companies and how their stock rises

The only time they had issues was in 2015/2016 where oil prices fell below the production cost..but that didn't last long and..
The years of profits were able to make up for the losses..


Do you think it has taken Exxon mobile and Aramco a century to reach the height they are in..

Even Folorunsho..a tailor.. immediately she was given an oil block in Agbami..became the richest woman in the Africa..
Someone that was just sowing clothes..

With her oil money she has built two towers in Lagos using Julius Berger..

Who was Arthur Eze before he got his block..

Dey whine yourself there

tctrills:

You just gave a picture of a lawless and badly managed country. If any other country has the kind of leaders we have in Nigeria, you would get the same outcomes. Don't blame the people, all blame go to the leaders.
I bet you, not up to 5% of the people of Niger delta are involved in oil theft. But I am certain that most of our leaders are criminals.

Exactly... don't blame the people..blame leaders.


As if the leaders are not the same as the people..

Imagine a king asking for settlement..
Do you think, even your kind will not do such if you get to their seat..

Small organisation...go and see how Nigerians behave..tell me how they are different from leaders..

Nigerians are just terrible people..not government

IrawoKross:
As terrible as Major Gen. M. Buhari administration is, did you read of multinational companies leaving Nigeria like the way they're doing now in Tinubu's disastrous administration which is just 9months old? Who wants to continue business operations when the economic team of the present administration only knows how to blame past administration and give excuses?

When GEJ was in Power, Nigeria was ranked number one economy hub in Africa, beating the ever flourishing South Africa.

So Mr clownish explainer, kindly sit this one out.

If not because of you feeling inferior..

You should be happy they are leaving..

How do you derive joy in foreigners eating from your own resources...how dumb..

They didn't say..they are shutdown..they are selling.. meaning another company.. hopefully indigenous will buy and run it..

A Nigerian consortium is buying shell onshore facilities..one of the investors is Walter Smith..they have a refinery in imo..

These are the only ones that will continue to invest in Nigeria..

Lafarge was the first cement plant in Nigeria.. despite make billions..they refused to reinvest it.. instead they took everything abroad .. it took Dangote and Bua to come into and invest constantly till they beat Lafarge..

Mumu people will come and shout monopoly.. nonsense

tctrills:


You take like a child. The only reason the French want out is because business is no longer profitable. Mind you, Totalenergies continue to operate in countries with tougher environmental laws than Nigeria.
For businesses, it only boils down to profit. You should be asking, what is making the Nigerian business environment unprofitable and not trying to defend the indefensible.

You just made a senseless point..

Oil anywhere is highly profitable..

If there is anything driving them away ..it is the bunkery and sabotage by militants..

Government doesn't tamper with their revenue in fact they are completely immune to any economic issues of Nigeria as they sell their crude to the international market only in USD..

The fairly high oil prices guarantees their profits..


They are even the ones who cheat the government by reporting low sales to loot what suppose to go to the government account..

They are all running to offshore where supervision is less and militants can't near them.
Meanwhile

AsomStructures:
Omo!! This govt. is seriously out for Emfiele. Meanwhile Buhari and his cohorts are walking freely. Is this not playing?

Nothing like playing
..

Emiefele was the biggest obstacle to Tinubu's ambition..

He held the naira to fustrate any vote buying..the easiest way Tinubu could use to secure this presidency...sadly it failed...now they want to make sure he pays dearly..

Did Emiefele loot reach abacha?..
Even Hush mummy who was minister of petroleum under GEJ looted 30X ..she is enjoying in London..

What about James ibori and Uzor kalu..
These people are walking free..

Codes151:
dangote self dey work against nigeria

You just hate am..it is normal..

Nigeria needs 10 Dangotes.. things would have been better..

All of Una shouting monopoly.. on thing is clear...no body prevented you from going into his line of business

Codes151:
that’s what I mean in summary.

Floating the naira or subsidy should not ruin us like this.

Rather it’s the lack of indigenous businesses and wickedness of some. We are importing unnecessary

Don't deceive yourself...

There is nothing to be surprised about..

The floating of naira and removal of subsidy is going to take us even further than this..

We have always lacked industries and imported..

There is nothing we are importing that is highly unnecessary..
.
More than 45% of our Forex goes into importing refined petroleum..is that unnecessary?..no

What bulaba should have done is ensure all refineries.both Dangote and NNPC are running first...and invest into our oil industry to pump enough oil to cater for these local refineries and still export to maintain our meagre Forex inflows..

This will automatically save up 45% of our reserves..

a4cube:
In a sane country its either they are sacked or they resign since the policy is not in tandem with their vision.

They president don't have balls to sack and they are integrity challenged to resign.

What we have now is executive officers that are not on the same page.

Two northern ministers. Are you thinking what I am thinking?

Lol ..sack them for what exactly...are they the ones who floated the naira and removed subsidy?

Dennisochampa:


Even if your papa wipe you oraimo cord... U go still blame tinubu...

For cement wen dangote dey produce, u dey blame tinubu say e dey expensive... Na wa o

Oga ..stop capping..

This is solely the fault of Tinubu...every damn commodity has reason up.. don't they have producers as well?

or Dangote is immune to the hardship dollar rates and fuel subsidy removal?


If you want to blame Dangote for cement..kuku blame farmers for food hike.. blame gas stations for fuel prices as well

ifinger:


No sir u can only withdraw naira from a domiciliary account when someone pays u the naira equivalent while u give the dollar

Lol...

You probably don't use a dom account..

Go to any top banks and ask to withdraw your dollars.. they will give it to you in cash unless they don't have any in-stock..

It is only when you provide a naira account to someone and foreign currency was sent to it then the bank will make a conversation and pay you in naira

DamnnNiggarr:


Where's the lie,
If the mockery will make our leaders to have a rethink and change their leadership tradition style, which I doubt, it's a welcomed mockery.

Who could believe that I ran generator throughout yesterday, watching Nigeria play against South Africa, what a great shame.
I was visibly angry about that, to the extent that I was tempted to create a thread about how wicked Nigeria's leaders and Service Chiefs can be.

A very big shame to Nigeria that a whole national team was playing, and there was no light to watch them play, if not for generator,
not even as though that the economy is friendly enough to purchase the premium spirit.

Na service chiefs dey responsible for electricity?

Hopium:


Lol

Give it time .....this policy will create a large margin ..

The bank should will willing to cater for the demand for FX for Nigerians now...cuz it is foolish to steal their FX and give excuses when they need it to buy from foreign markets

Yet we barely export

Tranquility2345:


Brighter Grammar highly recommended for you sir!

Your problem sir..English is the least of my problems..you that know better can not contribute anything meaningful to the thread..

I just answered the guy's question..
Anyone could always withdraw his fx in naira through the banks
.

Hopium:


Gibberish again.

I'm a crypto trader and investor. I literally make and lose money in dollar every single day.

Again, you lots are irredeemably sick.

You are a crypto trader that's exactly why you can spill out rubbish..


That policy doesn't affect you..as you can earn your fx and take it to black market to change...

If you mean so well like Ur druggie..

Why have you not been taking Ur Fx to banks to change ..
But you support those who have to receive theirs through the banks to change directly there..

slowpoke

BennyDGreat:


What platform do you recommend?

E no pass crypto

Bigkoko:
Chaiii this patch patch CBN gov don kukuma break the table!!!!

As a knock out blow to aboki BDC...... Expect another round of spiralling FX rate!

This Lagos wiz kids no understand simple economics!

The more you remove options for FX, the more everyone flock to the only source and guess what? Laws of Demand & Supply kicks in!

Even unschooled aboki knows this more than oga patch patch!

Same reason why Emifiele was against floating the naira..

All those idiots where shouting emiefele this.. emiefele that..


His biggest mistake was trying to strangle vote buying to prevent druggie from accessing power but failed...hence why he is being dealt with mercilessly..

He has not looted more than even the past humanitarian minister..

His approval for cheap forex to Dangote was to fast track the refinery completion..

femicyrus:

Not everyone needs dollar for legit transactions. Some just want to hoard and resell.
Access should be limited to people truly in need of dollars for payment of school fee & importation. Others should settle for Naira. End of story

They should be willing to provide citizens who needs the dollar for basic transactions as well...

And if they need Forex so much..

Let them removing the senseless policy of opening dom accounts...and encourage more people to open to increase influx

Hopium:


Lol. Gibberish.

These are part of the reason the CBN said we've dollarized our economy. And how does that stop anyone from earning in dollar. Earn your dollar whereever you want but you are getting the naira equivalent in Nigeria: that's what the CBN is saying.

You lots are irredeemably sick. You've castigated the government for the bad naira strenght. This is one of the way naira is going to gain back purchasing power and you still dey complain. Dem swear for una?!

You all want to earn in dollar, keep money in dollar, there are even hookup girls in Abuja and Lagos who insist on getting paid in dollar - are we in the USA.


Even out banks keep ridiculous amount of dollars. Where do you expect naira strength to come from?

Una never see anything.

You must be very stupid...I am certain...you are foolish idiots who doesn't earn a single dollar..



You supported the stupid president when he decided to float the naira especially when there is a supply issue...how do you float a currency you fully know can not sustain itself with supply and demand..


Buhari and Emifiele and a thousand times better than this you, cardoso and Ur daft president..

If then ..dollar influx were not coming in..but that government knew how to stabilise rates and only reduce value slightly when the burden of maintaining the rate goes beyond bearable..

They also knew how that removing fuel subsidy when you are still importing is bogus and doesn't make sense... You worsen the pains of the people when cost rises...and you can't guarantee supply because you still import..

This is why the government at that time postponed it twice..


You druggy came in without critical thinking and messed everything up..
Has the supply of dollar increased since he floated it.
Lagos now has fuel scarcity..

ifinger:
Does it mean one can now withdraw naira equivalent from a domiciliary account in Nigeria?

You can always do that ever since

Realdeals:
It's a good policy to bolster the Naira, IMTO fund is different from inflows to Domiciliary acct. But, the bank that convert my USD to NGN, should be able to provide me with USD if the needs arises, especially for basic online transactions. Maybe it is time to reactivate USD transaction on Naira card.

Exactly...cuz I can't earn in USD and you give me naira...then when I want to carry out an international payment with USD ..The bank start speaking grammar

Nice one
.
This is just first batch ..4 more attack helicopters are expected..
Plus the newly ordered AH-1Z (12 In no.)


https://www.youtube.com/watch?v=nrLqIEaKdLE

Alright
Jide


https://www.youtube.com/watch?v=nrLqIEaKdLE

naturefellow:

Here they are. TemplarLandry, the brainwashed DJ has suddenly stopped dropping great jamz.

CoronaVirusPro Helinues Madridguy Templarlandry Duro4chang LegendHero LeoDeKing Okoroawusa yarimo N3TRAL freestuffsng seunmsg moh247 ThatFairGuy1 denreledave Raskimonojendor silvernorgold mannabbqgreels = nlpolicewoman

Especially Helinues and LeoDeKing

Lol..

There is nothing that can be done..I would have suggested that he reversed the policy of floating the naira...but it's obvious that won't work ..and even the naira isn't floating as the CBN still manipulate it ..same with speculators..




https://www.youtube.com/watch?v=nrLqIEaKdLE

Oh wow..

Time to switch to Binance


https://www.youtube.com/watch?v=nrLqIEaKdLE

JoeEeL:


Im quite made bro.

But I know personal achievement is nothing.

You once had personal goals and achievements before you ruled it out as nothing..