₦airaland Forum

blueAgent:
You 4 say after Tinubu na God.

Savage

one them is here.
Stupidity is their trademark

uuzba:
I read/watched one Youtube vid where they said,
insecurity is not just a Nigerian problem, but an African one.
Why?
It is funded by Western nations.
Why?
To get Africans to run away from certain areas.
Those areas have mineral deposits.
Western people come, mine the minerals, take and go without any obstruction.
African governments know this and have been bribed.
Thats my they behave like oyibo slaves, always begging money from West, travelling overseas and doing anything western nations tell them.
This is why insecurity would likely never end in Africa/Nigeria.
White men keep finding value in our land. We cannot find value in.
They keep have machinery and economic processes to upgrade our minerals.
But NON of our Nigerian industries or processes is working .

Sighs!!!!
Very useless stupid senseless writeup.
This Fool does not know what he is saying.

Right now I have a client that need 100000MT of manganese ore, but no reliable suppliers.

Am wondering where the so called mineral is mined and stolen?

seunowa:
one them is here.
Stupidity is their trademark

Bla bla bla.
Nothing factual or logical.
Savage

Biodun556:
https://www.vanguardngr.com/2024/12/why-naira-is-in-massive-recovery-race-across-all-markets-by-bankers/

I hope it changes market commodity prices in the market .

VanuatuWycombe:
So this is all your counter defense about my last comment. I say you are da..ft

Wetin be my own with Tinubu?

Agree to send N20million before I send it then display the receipt here. If you send it and display the receipt here, I will know you are a billionaire as you people claim.

Let’s look for an escrow account here then I will agree that the lost of that election by your preferred candidate is not what is making you have high BP.

If you can’t send that N20 million Naira… otunne gi.

Drop an account, you never can tell.
Defense ko, Afe Babalola ni!

toprealman:
Drop an account, you never can tell.

Please if he is not interested, I highly am

Jagaban for a reason

WhiteIverson:
Please if he is not interested, I highly am

It will a for him for now! Just need him to learn some basic stuff.

Biodun556:
God bless Tinubu

God bless Nigeria

you should be ashamed with this comment. At what rate did your Tinibu meet it? What is the living condition of Nigerians at this point in time?

Propaganda government at work

Konquest:
The Nigerian CBN Governor ('Yemi Cardoso) gave hints and warnings before EFEMS was introduced and it's ONLY discerning and savvy folks that took notice and actions based off of the FACT that similar FX trading systems exist in advanced financial markets in the United Kingdom, the United States, Japan, Germany, India, etc, to remove inefficiencies (and speculative manipulations from black marketers) in FX flows. This transparent and successful system used in other climes is what the Nigerian Central Bank keyed into as well for the FIRST time ever in Nigerian financial markets history!

The newly introduced Electronic Foreign Exchange Matching System [EFEMS], which commenced real-time, live trades in the FX markets based off of the Bloomberg BMatch platform on Monday last week (December 2, 2024) is novel and will cause a major tectonic shift in the system leading right into 2025 and beyond while providing real-time transparency on trading terminals and gradually place illegal black market speculators right behind the curtain where they belong.

All the usual West African Sahelian illegal black marketers interviewed in this newspaper article have absolutely NO full idea about what has hit them and what is going on with the new BloombergBMatch-linked EFEMS. They are ONLY aware about the usual FX inflows from Diasporans to their Continental Africa relatives which is of course correct. But this situation of sustained Naira appreciation is novel to these black marketers and other currency speculators around this holiday/year ending period. This is why I can see some sarcastic comments on this thread. But note, EFEMS is like NO other that has ever been seen.

There will definitely be an equilibrium, but EFEMS has come to stabilize the multiple exchange rates into one transparent window. 2025 will certainly be a great year for FX stability so that international businesses and investors with ties to Nigeria will NOT continue to suffer from severe exchange rate loses. But time will tell.

story story.

That was how you guys yapped about Dangote being the game changer , how binance CEO being in prison will be game changer and other rubbish.
Una don start again .
Not even one of Una wishes/ permutations have come true.
Doesn’t it tell you mumus that it’s not by wishes?

Shame no Dey catch Una ?

Werey!

blueAgent:
Sighs!!!!
Very useless stupid senseless writeup.
This Fool does not know what he is saying.

Right now I have a client that need 100000MT of manganese ore, but no reliable suppliers.

Am wondering where the so called mineral is mined and stolen?

https://www.youtube.com/watch?v=Ov_jAE-jUmw?si=LOD8ML77UHi7Kw0s

We'll, this is the video I talked about..
Decide for yourself to and stop insulting me.

Love800:
They will change the dollars to naira and start spending it in nigeria. Is this why it will fall? Am correct, abi?

You are right. So the demand for dollar is less . Excess of dollars in the market.

cucumbar:
Now they are borrowing money to steal.

That’s the difference.

Una be Werey for that Una agbado WhatsApp group where they give you rubbish excuses to defend your foolishness.

E no go better for Una o .

E can never be better for u. Typical Obidient, no logic just curses and insults.

jmoore:
Una IQ is pathetic!!
How much was it after it was floated? You are posting babablu.

Shut your smelly mouth. I don't need to explain to a fool like you the disparity between the official rate and the black market rate at the time.

NOETHNICITY:
Why una no dey get sense like this?

The currency over the years was being incredibly subsidized by the CBN reflecting fake figures which you guys ignorantly praise as some form of achievement. All this have been stopped by this courageous government allowing market forces to determine FX prices

Keep lying to yourself to feel good.

Obaaderemi2:
So what are you saying exactly? Is it not rising now? You lots thought it would be #2000 to a dollar by last December. Are you still stuck on your blind pessimism?

Accountability = 0.

Was “next month” in your comment not supposed to be May 2024? What month are we in, and what price is it now?

It’s because of people like you that financial watchdogs are warning content creators to disclose “This is not financial advice and I am not a financial adviser” when making social media content.

Obaaderemi2:
Shut your smelly mouth. I don't need to explain to a fool like you the disparity between the official rate and the black market rate at the time.

Idiotic fool!

Your foolishness is epic!

To defend Tinubu, you have to achieve foolishness.

givedemwotowoto:
Accountability = 0.

Was “next month” in your comment not supposed to be May 2024? What month are we in, and what price is it now?

It’s because of people like you that financial watchdogs are warning content creators to disclose “This is not financial advice and I am not a financial adviser” when making social media content.

And I ask you again: are you still holding on to your blind pessimism that dollar will hit #2000 by end of 2023? You must have been seriously disappointed

jmoore:
Idiotic fool!

Your foolishness is epic!

To defend Tinubu, you have to achieve foolishness.

Brainless idiot. I didn't expect much from an Obi supporter

Obaaderemi2:
And I ask you again: are you still holding on to your blind pessimism that dollar will hit #2000 by end of 2023? You must have been seriously disappointed

If you want to be taken seriously, why not quote the comment where I said that?

Accountability = 0%
Propaganda = 100%

Ijaya123:
When the currency was N700, it was artificially fixed with about $1.5 billion per monthly and that wasn't the true value. Basically, what we were doing was to subside imports at the detriment of local manufacturers.

That apparently isn’t sustainable. What you’re seeing now is the true value.

Understood?

Shut up there. Which true value?

Has it ever been stable? Something that is inching towards 2000?

What value is the true value?

Dumb animal. Be there explaining rubbish like the zombie you are.

Magnumproperty:
The same tax that people are frowning at again? They said Tinubu doesn't know more than taxing people and it's still the same thing you are advocating for ?

you this Werey, you are still here supporting TIfnubu?

How has your life improved since our last encounter?

I thought you would have had sense o.

nairalanda1:
Tinubu is not taxing people at the rate we should be taxed.

If he was, he won't be borrowing.

But you guys think that something that costs N200000 can be bought for N2.....

Better wake up and see how your leaders have really wrecked Nigeria.

But no, na agbado you wan shout...till your side gets back in. Like the APC Bots on this site.

Both of you are not interested in why Nigeria is broke.

You better be calming down cos I don't know what brought about the insult.

Gboom:
Stop deceiving yourself, most of you are economic illiterates.
Floating the naira is majorly to discourage imports and encourage exports which may improve our GDP and strengthen our currency in the long run.

which long run?😁

Illiterate calling others that are more intelligent than you are an illiterate.

How many of your useless permutation and combination has yielded any positive outcome, other than to impoverish the masses?

Since you love poverty and backwardness, your life will progress like that of Nigeria.

Werey .

cucumbar:
you this Werey, you are still here supporting TIfnubu?

How has your life improved since our last encounter?

I thought you would have had sense o.

E be like say you use head hit wall when you small? Who you dey call werey and which time me and you get encounter?

Biodun556:
God bless Tinubu

God bless Nigeria

If Tinubu were to crash dollar rate to 1k or below and reduce hunger and hardship I will support him but it's hard to see such things, he has made my shavings useless on top my Japa plans

Story story
But up dollars if you can
As long as prices of goods and services don’t come down and there’s no superlative economic productivity it’s all storyl

Thanks so much.
Let me ask again. So is too much dollar that makes the naira not to have value?

elevated2:
You are right. So the demand for dollar is less . Excess of dollars in the market.

Love800:
Thanks so much.
Let me ask again. So is too much dollar that makes the naira not to have value?

Too much of dollars in the market increases the value of Naira. Also, other currencies are performing against the dollar currently. That is another factor.