₦airaland Forum

helinues:
Don't worry, continue waiting for the pictures, our security operatives would soon get to your camp

that's if they can overcome your old man, our gate man.

Was he talking about after election or on election day?

helinues:
You wan eat the pictures?

Would you have asked for pictures had the miscreants are the one who killed our security operatives?

The ones in SE, are we eating it? But they always serve it.

No casualties were recorded. They just shooting knockouts and allocating bilioms for ammunitions and jet fuels. It is now officially a business to corrupt leaders.

If in SE they show us real bloodied bodies. In the north, they upload us a map of the state involved.

Same conspiracy that won't allow names of their sponsors be mentioned by FG and prosecuted is what is driving them to issue fake casualties on media pages.

In India, mob harrass two women after killing male member of their families.

https://www.dailymail.co.uk/news/article-12319215/Two-women-paraded-naked-street-gang-raped-mob-sparking-furious-protests-Modi-says-attack-shamed-India.html


In Nigeria, streets deserted as petrol prices go up after subsidy withdrawal.

That's normal. When prices are up, demand naturally go down.

Fraudulent subsidy but no one has been arrested so far. Naija is broke.

I will shoot the head, do cs to remove the babies, breed them and peppersoup the mother antelope.

helinues:
You wan chop the pictures?

the one of ESN and UGM did you chop the pictures?

If One section is always having such news with pictures and another is never having pictures we all know that means.

Half bread better than ...

No pics. Staged drama.

“It should not be an upswing all the time. If the price of crude in the international market comes down, it is expected that the pump price should also come down. But whether that will happen in Nigeria is a different ball game because whatever goes up, stays there.”

Reverse gravity.

helinues:
Make una calm down.

Some million litres of oil just arrived the country, the fuel price should come down a bit

Those millions of litres are in the hand of the greediest marketers. I pity the helpless masses out there.

saintfieldcastro:
Any day an Igbo man will rule this country, we shall know the true derivation level..Watch out as Tinubu adjusts Ondo and even include Lagos to overtake Edo and possibly Bayelsa state. Nigeria needs restructuring. You claim Lagos is the largest Economy in Africa, yet you hate to hear disintegration of Nigeria. Why can't you work for disintegration of this country according to Language and ancestry, so that you can have your Lagos State to yourselves? Why are you Afraid?
I want disintegration along ethnic lines. Igbos in Southeast, Igbos in South South, And in Benue, Kogi should be brought together to form a country.

hmmm. Wahala dey o.

Seun:
Dear Nairalanders,

I regret to inform you that the Central Bank of Nigeria printed an alarming quantity of money electronically in June 2023 (source).

They increased the supply of narrow money aka M1 - which includes cash and money in bank accounts that can be spent immediately, from ₦22.47 trillion to ₦24.49 trillion, which means they printed ₦2.03 trillion, increasing the narrow money supply by a whopping 9.03% in one month - June. 🙆‍♂️

They increased the supply of broad money M3, which includes all money in the country, from ₦55.8 trillion to ₦64.9 trillion, which means they printed ₦9.1 trillion naira, increasing broad money supply by 16.31%, in one month. In other words, what they printed in June is 16.31% of all the money that the CBN had printed since independence. 🙆‍♂️

What does this mean? According to the CBN itself, "there is excess money supply when the amount of money in circulation is higher than the level of total output of the economy. When money supply exceeds the level the economy can efficiently absorb, it dislodges the stability of the price system, leading to inflation or higher prices of goods."

It also impacts the exchange rate; when more of a currency is printed, each unit of the currency becomes less valuable. A source I spoke to said that he suspects that the government has borrowed more money from the CBN. Trillions of naira. Inflation is 📈, naira is 📉.

Same idea Tinubu once aired to Buhari during Covid. The man definitely believes in printing of money to meet immediate obligations of govt not minding the inflationary consequences.

https://nairametrics.com/2020/03/29/covid-19-tinubu-asks-fg-to-print-more-naira-notes-outlines-economic-measures/

https://punchng.com/coronavirus-print-more-naira-notes-tinubu-tells-fg/

DomPerignon:
The FX window has seen to massive mop up of excess liquidity from the system. This excess liquidity is what Emefile created from thin air to artificially prop the last disastrous Buhari regime. Emefile's cashless policy was a slight of hand gimmick to mop up most of that excess liquidity he created from thin air.

What about the ones Tinubu created from thin air? The one Seun created about and put on FP.


In 2020, Tinubu said these:
https://punchng.com/coronavirus-print-more-naira-notes-tinubu-tells-fg/

https://nairametrics.com/2020/03/29/covid-19-tinubu-asks-fg-to-print-more-naira-notes-outlines-economic-measures/

From the above links, Tinubu is believes in printing more money to meet obligation of govt and has done it now he is in power. Your attempt to blame Emefiele with no concrete evidence has been bursted.

DomPerignon:
FG should begin recalling most of the currency in circulation printed from thin air by Emefile through this Forex window.

This how the FG can utilize the Forex to remove excess liquidity from circulation and drive down inflation.

The only people betting against the naira are Buhari looters who , without Emefile's protection, are now moving their loot through the Forex window .

No genuine business will bid so high for Forex in such a challenging economy. What do they want to import that they are desperate to bid so high for Forex?

In a few months, if the FG compels the CBN to withdraw all excess liquidity from funds raised through the FX open window bidding, the naira will regain to about 350-400 to a dollar.

smh!

GoodBoi1:
Lol. Beneficiaries please come back for the sake of your guarantors

Instead of that, let them work the guarantors and repay the money from abroad. N400k salary today is like N150k ten years ago. Kidnap and crimes are on rise. Developed naija from diaspora and have food on your plate.

Dimaya:
What part of Nigeria are you living?

in a place that's equal distance from city and village. It is hard to even beat that N1k mark. If factored properly with gas and bulk condiment cost, it will slightly exceed that N1k.

Input cost has risen besides they now pay bandits levy.

iLoveYouToo:
lol. No economy in the world survives without constant reinjection of cash into the economy by the federal government

there is a huge difference between printing new notes to replace worn out ones and creating news notes to increase total money in circulation.

Very possible.

BMC job.

Idaytesj29:
No money was printed. They stopped paying monthly subsidy.

and saved 1.5Trillion in less than 2 months. Stop lying.

Less than N1k.

just2endowed:
It's revenue generated from sales and taxes and royalties.

lies. BMC job is hard.

Check FP. CBN printed dough.

madridguy:
I have seen the pains coming so I am not too bothered because my candidate now president said it countless times that he will remove the subsidy which from my findings i know what it means.
I would have been so dissappointed had been he never make mentioned of it during his campaign speech.

For food, I'm taking yellow cream crackers biscuits, groundnut and top tea without sugar and milk.

The topic is about printing of money. It is a wrong move. Obi n Atiku were going to remove petrol subsidy too.

The man who used his platform for partisan politics along tribal line.

inoki247:
Lol buh na the old Money still full ATM nd over the counter withdrawal so where dem pack the printed money put....

electronic money was created and there was excess notes in CBN hands due to naira swap.

inoki247:
Lol where the money wey dem share

they printed money now. Tinubuonomics!

Print and share. Inflation loading.

OP = Legend + Hero.

Two popular Nigerian alcoholic brands. It is well.