₦airaland Forum

This is a subtle warning to SEPLAT. For two and half years, SEPLAT have refused to do anything on the oil wells, lying fallow, wasting away, the country losing billions of dollars. If the FG withdraws his lincense, our neigbours from the other side will start the cry of victimization.

nairalanda1:
Naira is still a weak currency, sadly.

Go school, you said No..

Splashme:
Propaganda govt.

A road of 700kms but they are busy sharing pics of less than 1km since October 2023 (seven months after)
.

This project was approved by FEC in January 2024, ignorant slowpoke.

MyExpression:
Yea, and it took Tinubu, fashola, Ambode,Sanwaolu- 4 governors...and how many years...over 16yrs and counting...rail never still reach the proposed standard.

Govt is a continuum...but, this most likely won't be done in 8yrs...7km/month.

Over 16years and counting, where is the monorail Obi promised Anambra and signed its MoU as governor?

wiseoneking:
When Igbo man is in charge, I may not doubt it though. Is like they are becoming a saviour to the weak dangling Tinubu,s government

Were ibo not in buhari's government?

nairalanda1:
Still the almighty dollar.

Naira is weak

No need to get so knocked over it

Dollar is the strongest not the best performing. Dude, go and learn, your ignorance stinks.

nairalanda1:
We don't have a strong currency
No need to use the d-word over it.

We have the best performing currency globally. Knock yourself.

nairalanda1:
We don't have a strong currency. Those are the steps we need to get there.

To bad you can't see it.

You're even more delusional to think i'd take you serious. We're talking purely monetary policies here. Go and learn, then come back to discuss.

nairalanda1:
.

You have quickly changed the goal post from "until we become a major export" to "9 points agenda" including taxation, fulani herdsmen bla bla bla. It shows you as a man grasping at straw, rather than pontificating, try and learn how to appreciate gradual growth.

nairalanda1:
It was simple, I give you that.

Still doesn't change the fact our currency is weak. Until we become a major exporter, and until people start using the naira as a reserve currency, forget about it.

You're only rehearsing what's in your head. Exporting to earn more forex and demanding less dollar for importation, both goes hand in hand to boost reserves. Currently. we are working towards the latter. If we cut off $20billion per year demand for fuel imports, then the naira gets even more stronger.

MichaelSokoto:
1st thing 1st, I was never part of those wishing my dear naira to fall to #2000

2nd, do u knw how badly their useless devilish monetary policy has affected my business?
u think say I dey laff say APC dey f**k d whole con3 up?

3rd, I have bn praying fervently for emilokan to at least take d con3 back to where he took over from Bubu fes b4 making attempts to perform his abracadabra Lagos magic!

Make all of una dey take time 4 dis Nairaland oo!

You can't hide it, it is very difficult to hide bitterness.

nairalanda1:
It is weak.

I mean, just because last year some child scored 40% in Maths, and this year he scores 70%, that's a lot of improvement, but he is still way behind the kids who get 90-100% in the same subject consistently.

You guys, you should tell your government to make the hard decisions to make our economy diversifed and dependent on manufacturing. Not be labelling everyone who contradicts you obident. Our currency has been weak from day 1 because it is dependent on oil prices, not on how much we produce.

It always annoys me that since 1999, none of our parties have had production on the agenda. Maybe because it means some hardship along the way.

Your analogy is misplaced and irrelevant. A student that scored 70% is within the distinction bracket with students that scored 90%. Next time try and understand the meaning of "weak" before using it.

nairalanda1:
Naira is not appreciating. Naira has and is always a weak currency.

As things stand, the naira is still weak. Until we become a exporter of goods we manufacture, naira go still remain WEAK.

Let's not lie to ourselves.

The best performing currency in the world is weak?, drop the weed. As long as reserves keep raising, naira can not be weak. We earn from crude oil and agricultural imports and more exports will strengthen it further, also less dollar demands with Dangote and Local refineries will do a lot good to the naira.

MichaelSokoto:
Naira shld pls go back to #165/$ dat the devilish APC met it b4 we start discussing any rubbish u want to bring to dis fora!

Let it get to #700 first then on to #165 b4 I can say dey tried small.

Why do you want to get it to 700?, what happened to your initial 2000?. Keep throwing stones at the market, remember that your mama dey inside the market.

Paraman:
The obidients that were always creating threads everyday about how the naira was losing value, have they suddenly leave nairaland? Because they are no where to be found again

Everyday they were giving us updates and telling themselves to keep their dollars. I don't know why they are no more giving updates since last two months. Maybe the subsea cables that was cut have not restored their network connection.

TimeManager:
They say the election loss was more painful than the civil war. May God Bless Nigeria.

-kiss the truth!

This is deep!. They want everything to burn, God pass them.

helinues:
Those people are not interested in any explanation as they only react to positive news about Nigeria with fixated mindset.

Dem go wake up for morning say make God bless them, but come online to wish their own country evil even for the fact that they reside inside same country. How can you be blessed from the same economy you already wished to crumble.

In Apostle Sule's voice , some of them are evil

Very very very evil people, their narratives and jubilation when naira was sliding was evident. They opened several threads on naira depreciation on a daily basis but now, they have swollen hands that they can't open threads on the Naira anymore. What they do now is try and downplay the gains we are achieving.

helinues:

That's the point, if CBN is defending naira against dollar, how about the Pounds that's falling too, is he also defending against Pounds and Canadian dollar?

They also said naira would fall after Easter and Eid celebration yet naira keeps getting stronger against their expectations. Huge confusion in their camp. We await their next propaganda.

Payment of backlogs, loans, etc are the financial obligations Cardoso was referring to and he said $600million came into the reserves as at yesterday.

By Febuary ending into March, there was gradual uptick/increase in value of naira against the dollar, however opposition, majorly Obidients. Without any proofs, they were once claiming that CBN was borrowing to defend the naira, they said when the loan is exhausted, the naira would resume its free fall. However, the naira keeps gaining strength against their expectation.
As naira keeps raising, they came up with another propaganda of CBN using the reserves to defend the naira. Still, there's no proofs to back their claims, they are confused whether to stick with the "borrowing propaganda" or the "reserves propaganda".
They are shocked how Cardoso was able to clear $7billion backlog, pay foreign loans, issued treasury bills to raise the reserves which helped to pay 4trillion out of 22trillion ways and means within a short time. They're shocked how he raised interest rate and it attracted foreign investors to bring money into the market. They're shocked how Naira became the BEST PERFORMING CURRENCY in 3months!

Nigeria is progressing, enemies are wailing.
God Bless President Bola Ahmed Tinubu.
God Bless Nigeria.

Gadafii:
But agbado gangsters said ACF is a mushrooms association na

This one does not know the difference between ACF and NEF, smh.

Some ignorant folks said EFCC are only interested in Bobrisky or Obi Cubana. Meanwhile, this is EFCC putting their lives on the line to arrest a former governor.

Yoruba nation, Ipob, are in hot soup.

LegendHero:
Say this without crying. Where is Peter Obi? I heard he is now the president in a parliamentary system of government.

Lol, Obiawusa is a dullard.

shaybebaby:
Requires a buyer though, whether fixed price or bid.

What price?, what determines the value?, abeg.

Beautifulday:
Nah Aboki be parallel market. CBN is defending the naira by selling to Aboki and putting a cap on how much they are to sell.

As it is 1100 naira now. If CBN sell to Aboki at 900 naira. Aboki is expected not make any profit above 50 naira.

Aboki price will continue to fall as CBN continue to sell lower to Aboki. That is the agreement with the new approved BDC.

That is the job of the CBN, to regulate the market, it does to the banks too. You can't sit back and watch BDCs make abnormal profits. You sell and put a cap on the profit, that's not defending, it is a protectionist policy.

shaybebaby:
Economics of the sex, love the write up @Gerrard 59.

Really boils down to supply and demand. If the demand isn't there, well like any business, it'll cease to exist.

Here is the cliche women say to themselves to enable their desire for hoeing. To women, it is not about the offer (demand) but it is more about the offer (demand) to make an offer (demand). A demand can be declined, however, women would rather accept a demand they feel they could take the advantage to make demands of their own either in the short or long run. While the unsuspecting guy thinks you accepted his demand, he is not aware he is accepting your own offer instead. And to correct the impression, it is not an economics of sex, it is a bidding for sex.

CodeTemplar:
follow that n stop arguing prating senselessly

Parallel market drivers, Lol.

CodeTemplar:
commonsense should tell your thick upper capivty that a farmer who sells grain to a merchant from Ghana or Niger has attracted forex into the country and can demand to be paid with forex.
Rice n beans

Oh!, farmers and SMEs are the ones you're calling "parallel market drivers" whatever that means, Lol.
Listen, you don't need to force yourself to say what you don't know, sometimes, it is honourable to just read and move on.

CodeTemplar:
production puts the forex in the hands of the parallel market drivers. The SMEs and individuals.

What is the name of your lecturer?