₦airaland Forum

Theflint1:
Fashola is well within his rights to sue for whatever he deems defamatory, but using the states intelligence agencies to run some hatchet kidnapping job is an abuse of power.

If Only They Knew pic.twitter.com/KiWEdwfZYQ

— GIDI (@Gidi_Traffic) August 11, 2023

Itsrm:
This is the point where Japa to some countries is now looking like total madness

DontBullshitMe:
That's exactly my point.
Jack didn't come to Nigeria's court to determine if Buhari's post broke Nigeria's law before he deleted it.

liveLongNprospa:
Peter Obi has said dialogue and not war.

I want to watch the northern people react to his position seeing as they both support the same thing😁

Itsrm:
I'll rather continue doing whatever gave me the 50m in the first place. I'll have more than enough to send them to any university anywhere in the world when it's time

afrodoc2:
She don switch the game. Those are her esteemos.

Shoutout to the OG Esteemo, Victor Anichebe. Na him first enter the ingboitus.

izzou:
[color=royalblue]May God show us mercy!

I feel for the guy, because e dey bite me sef![/color]

seankafor:
https://twitter.com/dennisblessed42/status/1690626641431605249?s=20
I never seen a billionaire gbaza queen before


Seems to me like an easy to fúck loose girl

liveLongNprospa:
Osun state government sent representatives yesterday abi today to his poultry so he is lucky

Given the severe devaluation of the Naira, forget any grammar being promoted as "unified exchange rate", a lot of businesses will fail in the next 30-180 days. If you are employed by electronics retail businesses, furniture stores, service companies and others that provide services to elites that are considered luxuries, expect to see more closures.
Clothing stores mostly boutiques, auto dealers and airlines will be impacted greatly but given the strong purchasing power of the 1% who store the value of their wealth in FX, some might see increased revenues but not necessarily higher profits which will be wiped out by the difference in procurement and sales price due to the fx rates.
Oil companies and service vendors will lay off given high operational costs and employees who fall into the administrative & non-technical business units will huge see layoffs. Banks even with the increase in wages to account for cost of living adjustments will lay off marketing staff.
Insurance companies will see low revenues as customers will rather choose not to renew or subscribe to new policies due to lower purchasing power with increased cost of essential services.
Hiring freezes will be implemented by alot of corporations and services will be outsourced. Individual contributors and professionals stall will take on more work load to close the gap with personnel who have been layed off.
Agropreneurs will not be spared and only businesses with access to some for credit lines will able to keep operations going. Transportation costs have increased severely and the delivery business ecosystem will see an acute rise in logistics cost making it impossible to keep profit margins. Small businesses who rely on delivery services will see increased cost and SMEs who typically operate E-commerce models will experience a sharp decline in orders. With the rising cost of food commodities, most Nigerians will resort to domestic cooking and the restaurant business will see a huge decline in revenues leading to closure of locations and layoff of personnel. Increased cost of PMS and energy will cause vendors to operate minimal hours and if access to credit from vendors is non existent, expect a sharp decline.
The housing market will equally suffer a high reduction in new home construction and sales causing layoff or absence of work for laborers due to high cost of importation. Telecoms might not be greatly impacted but employees in the marketing and customer service units should expect layoffs.
Private schools will not be spared given the sharp decline in household networth and debt profiles will increase on the books, causing guardians to fall behind with payment of fees.
Households with multiple vehicles will cut down usage leading to low maintenance and procurement of service parts from auto spare part traders.
Businesses in the repair service ecosystem will see a sharp increase in patronage. Used or Second hand commodity traders will see an increase in business.
Religious houses will see increased attendance and you can figure out what their bottom lines will look like.

Local fashion businesses will see a boom where consumer behaviors will cause people to patronize these vendors as opposed to previous options.
Loan sharks will see a boom in collateral based loans with many customers unable to meet obligations, avoid these only if you see an exit with the ability to repay.

Government employees and civil servants will be the only class of workers to not really feel the impact.

We survived this 2015/16, rest assured we will emerge but not without ugly tales to tell.
Find a support group and don't be too proud to cut down luxuries where they are not needed for the time being.

It's going to be rough! Nigerians are resilient and we will complain, cry and persevere until this ugly wind passes where we readjust while hoping for a better outcome.
Many households will rely on diaspora support to emerge unscathed where they are fortunate.
I will stop here!

donjazzet:
Seankafor, what's your opinion on this?

https://twitter.com/Nwaadaz/status/1690365999285956608?s=19[/quote]the boy that called these thugs against that girl are what we call, pússy boy..

All of the people involved should be thrown inside a cage and a lion 🦁 be unleashed on them ..


The only time to hit a woman is when she physically attacks first..

Otherwise any man that flexes his muscle on a woman is a pússy boy..

DontBullshitMe:
Good Point.

But is there a safety net when you suddenly stop earning the 50m? Are there other jobs waiting for you even if they won't necessarily pay up to 50m?

Everything in Nigeria is on a thin line, no assurance, no guarantee.

The entire country has a GDP of below 500 million dollars. Lower than New York, Texas, California, Florida etc. So, where will the opportunities come from?

I think people should start comparing Nigeria's GDP to other countries so they can know the extent of the doom and damage that the country is in.

izzou:
[color=royalblue]Lucky for how long?

The issue is with the system itself. If you give am 15 million, he may cry again before next year, because of how the economy has no bearing or direction

Some businessmen i know are scared of investing anything. Everything is just unstable at this point[/color]

Amoto94:
Doomsday analysts are waxing lyrical about the perilous situation not out of genuine concern but of spiteful intent, this too shall pass like others before it. God bless men and women of goodwill.

At the submission and adoption of the final address at the Lagos State Governorship election tribunal.

APC, Sanwoolu, and Hamzat argued through their lawyer Wole Olanipekun that diaspora remittance is greater than IGR and that Hamzat intentionally got his dual citizenship to attract more diaspora remittances.

So, in the case stated above, the election tribunal should dismiss @GRVlagos's petition.

All I can say is that using the statement in their defense shows they are acting like they already know the judgment.

donjazzet:
Seankafor, what's your opinion on this?

https://twitter.com/Nwaadaz/status/1690365999285956608?s=19[/quote]pretty soon, those guys will be cooling their ass off in a ceil.

Sometimes I wonder just how stupid can some Nigerians be? You use your own hands to make a video that will send you to jail.

Talk about giving the police evidence to use against you in court.

donjazzet:
Seankafor, what's your opinion on this?

https://twitter.com/Nwaadaz/status/1690365999285956608?s=19[/quote]It’s obviously a skit . The skit is neither funny nor does it make sense sha

DontBullshitMe:
As funny and ironic as it sounds. . . .Buhari actually banned Twitter to promote free speech. Buhari didn't ban Twitter to clampdown on criticisms nor opposition.

You know what preceded the suspension of Twitter then right?

Twitter under Jack was badly run. It wasn't about rules but about political leanings.

Leyqute:
You are betraying your monicker

seankafor:
hmm, whatever gave you the 50m is not guaranteed to give you another 50m...

Amigoss:
Bet 5million was hoooge money pre2015 and you refused to Japa because you're an intellectual investor but inflation and APC policy don useless the money today,what makes you think 50million won't be same in 8years time.....

You're not Dangote,Elumelu and otedola....No let village people use you,50million to Japa is a better investment than investing it in Nigeria

BlueRayDick:
If u suddenly win 50m in SportyBet, it will be unwise to continue betting o. . The wise decision will be to use like 30m japa and use the remaining hold body pending when u will get something productive to do in the abroad .

ChristineC:
as long as you don't earn in FX, it's not sustainable. whatever you think you are getting depreciates daily and may very well evaporate before your very eyes.
I remember a transaction of $230k exchanged for that #50m less than 10 years ago. same property will require less than $60k if were today while a whooping $170k is saved.
even as an investor, if you try to sell it off now at #100m, did you really make a profit? you need to sell at around #215m to maybe break even after ten years. that's silly business.
most brokers in Ikoyi and VI never price their business in naira.
think about it.

Itsrm:
You can edge against inflation. Someone on the Uber thread simply buys dollars and keep. That's one way. UCAP eurobond is doing 6.18% YTD, several stocks have also returned earnings double
of inflation rate.

These are just passive investments. I have not even gone into actual businesses.