₦airaland Forum

SonofElElyonRet:
1. Any "expo" ??

mikeapollo:
Go read your books, work on past questions and forget ''expo''.

mikeapollo:
I put the ''stability'' in inverted commas, that is to say it is within a context, vague, and neither real nor factual.
Nigerians did not give anybody a job to destroy the economy, cause job losses, worsen the poverty situation and inflict unprecedented hardship on the masses etc.

Bbbwings:
Una chop UCAP dividend everybody kept quiet.

zendi:
In other words :

1 Quit JIJO, gambling, profit taking and all other Get-Rich-Quick sharp practices.

2 Go orthodox, long term, buy-and-hold mode and

3 Wait for your Ellah dividends the day it comes.

mikeapollo:
We are very good at playing with fantastic rhetoric.
What ''recent gains'' have we achieved and how would strengthening the value of the naira create ''instability'' in a country that is heavily dependent on imports?
The only so called ''stability'' we have now is the near-total dislocation of the economy caused by the reckless floatation and devaluation of the naira from N550 to N1,550.
There would not be any purchasing power parity with the dollar as long as there is cost-push, import induced inflation, and a weak industrial base.

crownprince2017:
Can you please educate us on what stability means?

zendi:
In other words :

1 Quit JIJO, gambling, profit taking and all other Get-Rich-Quick sharp practices.

2 Go orthodox, long term, buy-and-hold mode and

3 Wait for your Ellah dividends the day it comes.

Princkez:
ELLAHLAKES will shock us with its upcoming announcements....discussion still ongoing..

zendi:
Not that I'm against the Get-Rich-Quick attitude, mind you.

There's no law of God, or of the Land, that forbids getting rich quick lawfully.

pluto09:
If you were to be the president when Tinubu came in and you discovered the nation Nigeria did not have enough dollars to defend the naira any longer, what would you have done differently?

zendi:
In other words :

1 Quit JIJO, gambling, profit taking and all other Get-Rich-Quick sharp practices.

2 Go orthodox, long term, buy-and-hold mode and

3 Wait for your Ellah dividends the day it comes.

PETERiCHY:
Last week sold our NSLTECH and today we replaced it with OANDO.

NOTE! You can buy OANDO with only SPECULATIVE FUND @t circa #50 else STAY OFF the KITCHEN.


BARGAIN HUNTERS TAKE NOTE!

SonofElElyonRet:
Be like say you just wan talk
I'm in Ellah for long term. Your conclusion has no basis. My asking for "expo" doesn't make me jijo. I've been holding since 3.30
I asked for info news update that isn't in the public space which "prince" sounded like he had. What's wrong with that?

mikeapollo:
This govt is not the only one that has met shortage of dollars upon assumption of office. But no previous govt was that reckless to just float the naira and allow fictitious so called ''market forces'' to determine the rate. What responsible govts. in developing countries do is to manage the exchange rate so that it would not destroy or harm businesses and the economy too harshly or too drastically.
This govt is just clueless and reckless in the way they destroyed the naira.

I would rather enact policies that would discourage the importation of non-essential goods, cut down size of govt and wasteful expenditures, corruption etc. I would not spend billions to refurbish a new mansion for the President or his Vice,. I would not award a N16 trillion ($11b) road contract in a hurry, in dubious circumstances to cronies without due process, without budget appropriation, without tender, without NASS authorization. Definitely would not be buying new private jets, etc

PETERiCHY:
OANDO gearing up for a MEGA RALLY
WE did some TOP UP @t #50

BARGAIN HUNTERS TAKE NOTE!

SonofElElyonRet:
@zendi


Jijo sef no be crime.. but I no get the mindset

mikeapollo:
You sound like an experienced ''invigilator'' that knows how to catch the ''expo'' guys

pluto09:
You have still not answered my question.
If you follow the history of devaluation in the country, you will actually see a pattern.
We always go that route when we have exhausted our reserves in trying to defend the naira.
The previous administration was busy defending the naira so that people will not suffer spending even the money that we would earn in the future.
BAT had two options, either to continue to borrow dollars and spend our earnings upfront to maintain an artificial peg or allow the naira to find its level bearing in mind that both options have consequences

PETERiCHY:
OANDO gearing up for a MEGA RALLY
WE did some TOP UP @t #50

BARGAIN HUNTERS TAKE NOTE!

mikeapollo:
Any tip-off?
I am not asking for ''expo'' oooo, even though there may be a thin line separating ''expo' and ''tip-off'' ;

SonofElElyonRet:
Go and read your syllabus

mikeapollo:
Can you mention a govt that floated and devalued the naira pro-rata from N450 to N1,500 in less 6 months in office? Can you do the maths and mention one single govt in the past that did that>
I am not talking about the normal piece-meal, gradual devaluation. I am talking about a sudden, drastic, reckless, steep devaluation of a currency from about N450 to N1,500 over night!.
Do you know how many people have lost life-changing opportunities because of that e.g. inability to gain admission or continue their education abroad; companies that have incurred huge losses and laid off employees, high costs of living and hardship etc?

mikeapollo:
Can you mention a govt that floated and devalued the naira pro-rata from N450 to N1,500 in less 6 months in office? Can you do the maths and mention one single govt in the past that did that>
I am not talking about the normal piece-meal, gradual devaluation. I am talking about a sudden, drastic, reckless, steep devaluation of a currency from about N450 to N1,500 over night!.
Do you know how many people have lost life-changing opportunities because of that e.g. inability to gain admission or continue their education abroad; companies that have incurred huge losses and laid off employees, high costs of living and hardship etc?

leo1234:
BTC was designed to undergo deflation not inflation.

mikeapollo:
This govt is not the only one that has met shortage of dollars upon assumption of office. But no previous govt was that reckless to just float the naira and allow fictitious so called ''market forces'' to determine the rate. What responsible govts. in developing countries do is to manage the exchange rate so that it would not destroy or harm businesses and the economy too harshly or too drastically.
This govt is just clueless and reckless in the way they destroyed the naira.

I would rather enact policies that would discourage the importation of non-essential goods, cut down size of govt and wasteful expenditures, corruption etc. I would not spend billions to refurbish a new mansion for the President or his Vice,. I would not award a N16 trillion ($11b) road contract in a hurry, in dubious circumstances to cronies without due process, without budget appropriation, without tender, without NASS authorization. Definitely would not be buying new private jets, etc

pluto09:
I am not out to defend the government. I just like to put things in perspective.
Devaluation will always hurt many and that is not debatable.
However, looking at where we were when PBAT took over, the decision to float the naira was not a reckless one but a necessity.

Joyful365:
Bank stocks are the worst form of stocks to hold. They'll keep diluting your shares till what you own is an infinitesimal part of their outstanding shares, at which point you'll practically get next to peanuts even if they declare billions in profit.

Banks ought to buy back a part of their circulating shares during periods of surplus, to create shareholders value, but they won't because they're part of the scam monetary system that feeds off printing money to render people poor. That's why banks print new shares to sell each time they're given new capital requirements.

If you are looking for capital appreciation, avoid most nigerian stocks that have outstanding shares of over 40 billion or more.

You're better off owning commercial papers, treasury bills and government bonds.