₦airaland Forum

priceactionx:
Na wa o.
Waiting for Mr Big liar to come and say rubbish again that Emirates didn't wait enough to get the money out. You are looking for investors, you got, they did their legitimate businesses even under harsh economic policies, now to get their money out, you are choking them with useless dragging.
Which kain country be this? But let proper investigations be done on government thieves stealing money, you will be amazed billions of money outflown to other countries monthly. That one is not difficult to do at all.
People are surprised that dollars are scarce, wait for the election time, it will be available for their cronies. Choking her citizens business, chocking foreigners profits. Useless country, useless leaders.
Bubu and Emiefele should leave the sit if they are lost... But... it is naija....

Instead of people to be fighting for breakups, regional independence before it gets out of hand, (cos those bastards up there have one mission, to take over the South), they are shouting cassava, agbado, atikulate.. Obidient.. Bla bla bla. You will soon see another exodus to the new party if new government emerges.

Same set of thieves in new clothes. Nigeria is beyond repairs especially with the set of repeated politicians.

Did anyone see the recent videos of elected governor of ekiti and osun states flying same private jets, jubilating and dancing, and wining together with some of their aides and few family members? I mean apc and pdp incoming governors oo, after they won elections ooo, and you think they have you and me in their mind? E go shock yu. Una mumu never do.
I pray new blood enter like Obi, but I want to see how he will manage same sets of law breakers, that are good in crossing from one party to another for selfish interests. How he will manage the majority of the senate and house under different parties that are only interested in their families and their sugar mummies, I want to know. I pray neutral person flows in.
Before you abuse me, think deeply on what will be different from the same sets of thieves and evil leaders that will still be around corridors of powers?
Break the gathem country to 10 pieces and let everyone know him papa pikin. We will do well more that way as long as we don't allow evil politicians have access to us...

I reason you

Sleyanya1:
. Really yet another sad development.

However, I don't seem to understand the second paragraph.

As of July 2022, Emirates has US$ 85 million of funds awaiting repatriation from Nigeria. This figure has been rising by more than $US 10 million every month, as the ongoing operational costs of our 11 weekly flights to Lagos and 5 to Abuja continue to accumulate.

How did the funds awaiting repatriation in July 2022 begin to rise by more than $US 10million Every month ! ?

July is ending today. Or was it a forecast? Or they actually meant July 2021 ?

In any case, Nigeria really needs to do better.

ITK

Where did they say the funds started accumulating in July?

MrBlock:
I am not sure why this letter was coined this way. The non-repatration of revenue proceeds has led to cashflow constraints but not necessarily loss in business profits or revenue.

The only loss in profits I see is the inability of Emirates to earn investment interests on these funds. There would also be loss in profits if funds have to be obtained from more expensive sources to meet short-term obligations outside Nigeria. These two activities are financing and investment activities and hence not operational in nature.

The better decision that Emirates should have made is the deployment of these funds to local Investments that can earn higher comparative returns versus returns available outside Nigeria, after all, Nigeria has one of the highest interest rates in the world. I suspect this is what the Nigerian Government is trying to achieve as keeping these funds within would steer the economy.

Ajegunle economist.. what type of investment? Annual inflation is 30%. Naira has lost 40% of its value… so you need an investment that can give you 120% on annual basis.. which kain investment be that… MMM? Even banks are not paying out $€£ that was physically deposited into Naija dom accounts. Na textbook professor you be??

BritishNaija:
Soon Nigeria will be like Sri Lankan.

Whose president was not only forcibly ousted as a result of civilian demonstrations, but he had to send his formal Letter of Resignation from overseas. Bro, Nigerians no get that kain liver

BigIyanga:
Ajegunle economist.. what type of investment? Annual inflation is 30%. Naira has lost 40% of its value… so you need an investment that can give you 120% on annual basis.. which kain investment be that… MMM? Even banks are not paying out $€£ that was physically deposited into Naija dom accounts. Na textbook professor you be??

Bros, easy nau. Inflation is just 17% p.a. and the loss in Naira value you are talking about is based on data from parallel market rates. According to IMF, annual loss in Naira value is about 10% - this would have reflected in the annual inflation rate figures.

The truth is that Nigeria needs dollars so any negotiations that can be made to keep these dollars in Nigeria is a welcome idea. Emirates is even willing to use dollars to buy aviation fuel but our government can't take up that opportunity due to their inefficiencies. Quite sad the country we live in.

After wasting my time reading all those rubbish...and not seeing any credible intent.
You're denying Nigerians jobs and you want to fly free money out of Naija. You want to use our crippling currency to buy fuel in Naira with your hard currency right? You think despite Nigeria's insecurity and our stupid leaders causing us pain,they're not wise to understand your racist,and criminal intent? Abeg give chance to other aircrafts to operate. Ethiopian airlines my best!

obamartins:
Qatar Airlines already started taking only USD from Nigerian Customers and it is very expensive. The economy has collapsed. Everybody should brace for impact.

sir can i send you a dm...need assistance in the kdp journey in anyway you can pls sir

MrBlock:
Bros, easy nau. Inflation is just 17% p.a. and the loss in Naira value you are talking about is based on data from parallel market rates. According to IMF, annual loss in Naira value is about 10% - this would have reflected in the annual inflation rate figures.

The truth is that Nigeria needs dollars so any negotiations that can be made to keep these dollars in Nigeria is a welcome idea. Emirates is even willing to use dollars to buy aviation fuel but our government can't take up that opportunity due to their inefficiencies. Quite sad the country we live in.

Still quoting IMF data when most people and SME get their dollar from black market.. black rate determines the price of goods … not CBN rate. Therefore NBS inflation rate doesnt capture the whole story.

MrBlock:
Bros, easy nau. Inflation is just 17% p.a. and the loss in Naira value you are talking about is based on data from parallel market rates. According to IMF, annual loss in Naira value is about 10% - this would have reflected in the annual inflation rate figures.

The truth is that Nigeria needs dollars so any negotiations that can be made to keep these dollars in Nigeria is a welcome idea. Emirates is even willing to use dollars to buy aviation fuel but our government can't take up that opportunity due to their inefficiencies. Quite sad the country we live in.

You still have not shown what investments can guarantee you 100_200% ROI in Naira. A friend sent $100k to buy a house in lekki at N40m when xchange rate was $1/N400, now he wants to sell the house, the price is N55m but xchange rate is $1/650..the house is $84k today, so his investment has lost $16k in value. So prof economist, tell us what are the investment options

[quote author=nlfpmod post=115219585]https://twitter.com/Sir_Ruffy/status/1553327033316700160?s=20&t=r3Wl96dL59S0LDa-KzXPcg[/quote]

LogicBomb8:
sir can i send you a dm...need assistance in the kdp journey in anyway you can pls sir

Just saw this now, i hope you have gotten the help you require.