₦airaland Forum

garriAndsugar:
Una whatsapp group go dey bubble by now.

them don share 200mb for una to spread the good news that has no effect to the common man.

LAGOS, Feb 1 (Reuters) - Nigeria's central bank has sold $660 million in three- and five- month currency forwards at an auction aimed at clearing a backlog of dollar demand, traders said on Wednesday.
Last Wednesday, the central bank had asked commercial lenders to bid in a special currency auction targeted at clearing backlog of dollar obligations of manufacturing, airlines, agriculture and petroleum sector.

The International Air Transport Association on Tuesday announced that Nigeria had cleared the backlog of $600m trapped funds belonging to foreign airlines operating in the country.

The Director-General and Chief Executive Officer, IATA, Alexandre de Juniac, disclosed this at the association’s 74th Annual General Meeting and World Air Transport Summit in Sydney, Australia.
According to him, the amount of airline funds blocked from repatriation totalled $4.9bn globally at the end of 2017, which was seven per cent lower than the 2016 figure.

IAmHim1:
Money created out of thin air

Lolzzzz

Really funny World.

Money created out of thin air by Central Banks and then multiplied by commercial banks based on Fractional Reserve Banking and manipulation of interest rates

And guess what you have?

A bloody Rat race for the uninformed masses. Working 9-5 for an illusion...a dirty nastiest game which you play blindfolded

Gtb, zenith, access, okay, kuda....they are all creating loans out of your deposits be it electronic deposit or cash deposits...then they loan that money back to you, their uninformed customer AND still charge you interest and collateral on top your own money

It has been going on before you were born and your parents fell blindly for it....now look at you...their child who is supposed to be better than his parents...the girl who's supposed to be smarter than her dad

https://www.nairaland.com/8080394/nigerias-inflation-what-uba-gtbopay


https://www.nairaland.com/8101772/nigerias-inflation-introduction-subsidy-old

https://www.nairaland.com/8069458/wealth-series-pt-2-nigeria

https://www.nairaland.com/8124290/imaginary-satoshi-world-crypto-markets
Is that fair huh??

What was your crime.... because you're uneducated??
Because you don't have a united voice??

Or because you choose to be blind.

Basicend:
Hmm. . Hope it will bring down the value of USD to Naira. It should logically.

When the foreign reserves were depleting an going down, a lot of Nigerians were shouting here that govt is using it to buy Forex to gain Naira valuation.

For the past few weeks / month that our foreign reserves have been increasing, the demons / dark enemies of the nation kept quiet.

We are our major problem in this country. We have too many selfish and greedy (witchcraft) souls in the country. That is why the darkness is so gross.

It's obvious the govt is trying to correct it's errors and ensure that the country does not get collapsed, especially the economy. But we are darkened in thoughts grossly as a people and citizen.

When govt brought dollar down from almost N2,000 to $1 to about N1,000 to $1, bread companies, coke, beverages, milk companies etc refuse to reduce their selling prices by 1 Kobo. The masses govt is trying to aid will grossly go the media and say that govt is using their foreign reserve to enhance Naira valuation and will not see the enemies amongst themselves that continues to increase end-price of food, goods and services.
Hope you are okay from upstairs

helinues:
The upgraded Nigeria credit scores some months ago was about debt servicing when due

We are glad to have a responsive president like president Tinubu

IAmHim1:
Money created out of thin air

Lolzzzz

Really funny World.

Money created out of thin air by Central Banks and then multiplied by commercial banks based on Fractional Reserve Banking and manipulation of interest rates

And guess what you have?

A bloody Rat race for the uninformed masses. Working 9-5 for an illusion...a dirty nastiest game which you play blindfolded

Gtb, zenith, access, okay, kuda....they are all creating loans out of your deposits be it electronic deposit or cash deposits...then they loan that money back to you, their uninformed customer AND still charge you interest and collateral on top your own money

It has been going on before you were born and your parents fell blindly for it....now look at you...their child who is supposed to be better than his parents...the girl who's supposed to be smarter than her dad

https://www.nairaland.com/8080394/nigerias-inflation-what-uba-gtbopay


https://www.nairaland.com/8101772/nigerias-inflation-introduction-subsidy-old

https://www.nairaland.com/8069458/wealth-series-pt-2-nigeria

https://www.nairaland.com/8124290/imaginary-satoshi-world-crypto-markets
Is that fair huh??

What was your crime.... because you're uneducated??
Because you don't have a united voice??

Or because you choose to be blind.

IAmHim1:
Banks don't technically borrow customers deposits

That's what they tell outsiders so there wouldn't be a revolution by tomorrow morning

Think! If banks borrowed same customers deposits, there would be NO MONEY CREATION in the system

And anytime a bank closes, people would be scared of losing their money. But silicon valley bank closes and their money was insured...

Money was insured WITH WHOSE MONEY??

CLICK! there's your light bulb moment


So the banks keep customer deposits and loan out bank credits which is ELECTRONIC MONEY. THATS how money is created out of thin Air

https://www.nairaland.com/8080394/nigerias-inflation-what-uba-gtbopay


UBA and GTB and Opay and Kuda and Carbon don't tell you this.

And side note... put some manners to your comment else I'll ignore it next time

Fortruth:
Shame is not in your category… Everything you guys are doing is putting the N in NIGGER

A big shame to Black Africa

helinues:
The upgraded Nigeria credit scores some months ago was about debt servicing when due

We are glad to have a responsive president like president Tinubu