₦airaland Forum

Krismas:
The cost of irans drone and missiles attack on israel was 35 million USD. russia would not have needed china or iran to fight ukraine were it not for 10,000 sanctions the west imposed on russia. iron dome is trash. israel is trash. soon america will have to be paying the salaries of civil servants in israel as things are going

This opportunity given to Iran to attack Israel has exposed the vulnerability of the Iron dome and its brothers defense systems of Israel. The brilliance that Iran deployed in the attack was alarming to US and coalition.

Iran overwhelmed the Iron Dome and others, by sending hordes of killer drones and missiles. Many of the drones did not have payload, yet the Israel deffence systems goes for it. As the Israel defense systems is overwhelmed, then the missiles keep penetrating and hit all the Israeli military bases that were targeted.

What was also unique with this was that, the drones and the different missiles used travel at varying speeds and all arrived the Israeli airspace at the same time, brilliant!

The take home here is that, we can make your deffence system useless with decoy attack to make it shot all its limited defensive missiles by overwhelming it and put it out of used when all its missiles is exhausted and bombard your city before you reload with faster missiles that we have in our arsenal that will take less than 400s and make your city all on fire.

Both losers and winner in a war are all losers. All we want is peaceful world where Israel, Iran and rest of us come together to solve the human problems in health, economy, education and what have you.

Dittodat:
Yeah right.

After Jordan, the UK, the US, France, and others helped you shoot down some Iranian missiles, 2 of your Air bases were still damaged by Iran.
Try that shit next time and let's see if those countries will help you next time.
Let's not forget that Iran also gave them a 72-hour warning before firing anything. They knew what was coming and they still couldn't shoot them all down. Next time, Tel Aviv will be targeted.

FVCK ISRAEL.

You forget to add that, after the Iran informed of her decision to strike certain targets, the coalition of US, UK, France, Australia, Canada, Jordan, Saudi Arabia and others could not stop the cruise and ballistic missiles from reaching targets.

The mode of operation of the strike is being studied as we speak in Military Colleges by the coalition. It was unique and never done by any military formation. It exposed the defense systems and make the enemy billion dollars defense system budget useless.

Ofunaofu:
The above title is a result of the current happenings with regard to the naira. 

In February this year, when the Naira crashed to an all-time high in it's history, exchanging at N1900 to a dollar and even approaching N2000 to a dollar at the black market, Nigerians were screaming, shouting, and telling Tinubu that his economic policies were hurting the Naira. The defense put up by Tinubu, the CBN governor, their supporters, Bulaban, Agbadorians, and minions was that the naira was finding its true value. Though the naira has regained strength, they have now turned around to accuse other Nigerians of being happy when the naira crashed. What a confused set of humans, I must say. 

They also said that the rate of N1900 to a dollar wasn't the true value of the naira. That the naira was going to crash more to reach its true value.
In fact, in the words of the CBN governor, Mr. Cardoso, the naira was undervalued at the rate it was exchanging. It was going to crash more.

They accused Emefiele of so many things, one of which was that he was illegally using our foreign exchange reserves to defend the naira to arrive at below N760 to a dollar it was exchanging at the black market during his time as CBN governor.

Today, the naira has regained strength from N1900 it was exchanging in February to between N1070 and N1120 for a dollar. With efforts being made for the naira to regain more strength

So, I ask again, what's the true value of the naira? 

Modified

We need to understand our nation economy blueprint authored by Tinubu economy team.

The true value of Naira targeted by Tinubu is one that will support productivity for over 200 million population and a robust consumer economy for our nation in a journey to achieving $1trillion Economy by 2026.

Now that the CBN has taken a robust hold of the monetary policy and the fiscal side is also firming up by Finanace Ministry, they'll drive the true value to what will make us achive the above.

flokii:
Something.that will still crash to around #750 in few months from now.

N750 ke. It'll hover around N600 - N650 for a while before firming up at N300 - N400.

mrvitalis:
There is nothing to lay bare when you obviously don't even understand the fundamentals

It's like explaining quantum entanglement to a kid

You're so funny hidding behind your finger in order to hide your ignorance. If you are so unschooled to know that national external reserve includes foreign currencies that can be readily use to settle international transactions and payment, you really lost it.

So you don't know that foreign reserved includes international currencies your nation saved.
E gbami!

You wanna sound intellectual and classy by your new found vocabulary, Quantum Entanglement, see baby.

If the discussion is on "Quantum Physics", you'll run from this tread. I promise you.

mrvitalis:
This one thinks reserve is money saved lmao

Who is this? How old are you?

You are ask to lay bare your position for intellectual discussing on our Nation economy, all what you can come up with is "imao".

You may not know that Nation reserve asset includes currencies that can be readily transferable for balance of international transactions and payments.

Seriously, this discussion is for adult.

mrvitalis:
The only issue is you don't have the reserve to back this up long term... Can't even last 1 month

How much has been spent on reserve that you lot make unfounded claims of depleting reserve and inability to sustain whatever?

Do you guys live in the cave to know that the responsibility of every nation central bank or treasury department is to strengthen the nation currency with robust monetary policies and management of inflation.

Do you think nation make money to put in the reserve to cool off for nothing.

If you have any reliable and verifiable documentsor statistics that has the rundown of what this New CBN has spent from external reserve to defend naira, please publish it.

I challenge you on this discussion.

If you've got nothing to say except the propaganda of pumping dollar or defending naira, keep silent.

By your understanding, if we believe that reserve is being sacrificed for Naira stability and that $1b dollar was spent to make Naira rally to what it is today gaining staggering N800 in less thank 2 months and still beaming with full thrust as we speak.

Then it'll be justified spending $1b more to
bring Naira at par with the dollar but it doesn't work as you posited lamely.

This full throttle of Naira that is yet to subside is as a result of New CBN ingenious policies, not "pumping dollar", an unsophisticated vodonomics vocabulary.

As I'm responding to you, Naira is steaming up. You never see nothing.

You no wanna bet on Jagaban and his ACE team
(Adedeji Cadoso Edun).

Lizzysamuel:
There's nothing like sadness.

You guys are only deceiving yourselves with lies and propaganda.

That's not how a country works.

What's the name of the person, where is the evidence of the borrowing?

Clowns in power.😂

How does a country work, Mr?
Kindly school us.

JayDuke:
I have thought about this too. na to wait small abeg, waiting will not kill me.
Thanks for ur input

You're welcome, my brother.

JayDuke:
omo, I am no more serving after 2months, allawee will not come again, there is no job guarantee after NYSC and I might touch like 50k from this money, if I am frugal, moreover i don't have 600k, it's not possible for now, I only have 270k

Investing in a new business with N600k at this time will be risky. Price adjustment that we are waiting to begin a reset may wipe out your investment, unless you're investing in personal development.

Infact, for Naira to gain N20 over night, today, with little or no trading activities is a sign Naira has lot of steam in it.

JayDuke:
I need economists abeg

Please wait a little more beyond May you proposed to start the business. Again, suspend purchase of luxury goods or whatever goods you don't need at instance of purchase.

Naira will rally brilliantly in months and buying goods this time will definitely reduce or erode your purchasing power.

Your N600k today may likely command value at par with N1.5M in few months.

airsaylongcome:
Lol...trust me. The banks are ingenious. Shebi it's FX in the country they are going after? Expect people interested in those kinds of loans (which are legal by the way) to move their Dom FX to West African subsidiaries of the banks.

My brother, you make me laugh out loud.
New actor is in town, hundreds of accounts have been frozen or suspended since the house cleaning by New CBN started.

For record, CBN is working toe-to-toe with ONSA.
Even the bank dare not share dividends as we speak.

Jagaban dey follow every fund wherever it is going or coming from. You don't want to know how many currency racketeers have their account frozen forever.

sorepco:
Na lie. China no owe USA anything. Instead na USA owe China billions if not a trillion dollar

The Headline is misleading, they are holder of US debt. Meaning US owe them issuing Treasure Bill to these countries.

The person that post this doesn't understand what he read.

Why is everyone getting mislead?

microgiant:
It is for their supporters to feel good.

The problem with Nigerians is most don't read or research. They read headlines and start commenting. Alternatively they hear something and start parroting same. It is the reason why when you ask questions, their response is whether you know more than the MBA holder?

I tire o, my brother.

Infact, headless mob are the bulk of Nairalander.

Boyjaco:
which country usa come dey hold money

The Headline is misleading, they are holder of US debt. Meaning US owe them issuing Treasure Bill to these countries.

The person that post this doesn't understand what he read.

Why is everyone getting mislead?

NairaMaster1:
Us is not owing China boy. They don't borrow from countries. They borrow from the world bank and the IMF

The Headline is misleading, they are holder of US debt. Meaning US owe them issuing Treasure Bill to these countries.

The person that post this doesn't understand what he read.

Why is everyone getting mislead?

The Headline is misleading, they are holder of US debt. Meaning US owe them issuing Treasure Bill to these countries.

The person that post this doesn't understand what he read.

Why is everyone getting mislead?

God1000:
Hmm, so china is owing US this much and not the other way round.

Well, this will finally address the debate and misconception

This headline is misleading.

Use owe these countries as they are holder of US Treasure bill issued to them which US use in funding her budget deficit.

rotadeco27:
Some people will just sit down at the corner of their rooms and be making speculations without evidence. Someone should pls send evidence of pumping borrowed $ into the forex! When we told you Emefiele messed up the economy u said no , now you are saying cardoso has gone back to Emefiele style. Your hypocrisy stinks. People like you when given power will only worsen the situation.
Cardoso and his team will keep shocking and making you wail!

Infact, just now, another CBN circular is out banning the use of foreign currency deposit as collateral for Naira loan.

TheKingIsHere:
Lol....Why stop at N600 - N650 to a dollar? Why not stabilize it @ $1 = N1?

Until Nigerians start using their god damn sense, the country will never move forward

That true value of Naira is within that threshold.

If you understand the effect of the CBN loads of policies rolled out weeks ago, you'll understand.

You shouldn't have asked "why not stabilize at $1=N1" if you understand the monetary policies of the current CBN.

You said the country will not move forward, stop the bitterness, it's really affecting you.
Our economy success train has left the shore already.

MrSly:
You are ignorant of what is happening. You borrow to defend naira, going back to the very thing they rightly criticised and how long can it be systained?

You are the ignorant one here. Who borrowed to defend naira? Are you the one that help CBN borrow?

If you don't understand the basic economy of fiscal and monetary effects on nation currency, kindly stop from making ignorant comments.

iamdynamite:
Obidients have stopped giving us dollar update, wetin dey happen, or are they tired already?

Yeyenatu people! They are enemy of State.

inoki247:
Gbese



Omo people don too enter gbese like this....


They made sure they unified the rate before they start defending...


All the Save in Dollar crew like this will be doing testimony right now...

They should hold their dollar tight 😀

It going below $900 in 2 to 3 weeks.

LegendHero:
Cardoso the headmaster!

Please take it to #700 in the next few months and let’s maintain stability at that price.

We have always said Naira is undervalued, na those BDC just carry us trabaye during Emefiele era. Now thy are counting their loss and selling even lesser than the official market.

It's going to stabilize between $600 and $650

gulfer:
Lies, let them just violate any of his rights and see diplomatic shege........what are the bail terms.

Just read your yourself aloud and reason it.

Explain "diplomatic shege". Go school, you refuse.

You don't understand what this case is all about.

He is an America citizen, do you hear any noise from the US embassy or government.

Exousiang01:
This young people of today.
Nothing dey inside una brain.
So ignorant yet so loud, rude and mannerless.
Na una no sabi anything but na una dey call everybody dumb..... how smart is that?

Do you even have any idea what this case is about?

Thanks bro. Faceless social-media platform give them opportunity to speak, people that have noaudience in their family.

Very empty head and mannerless lazy youth.

AsabaPropertyAg:
After this Recapitalization Nigeria will remains with only 5 banks. The cbn governor is too harsh on Nigerian banks, from #25 Billion to #500 Billon, 200 Billion, 100 Billion.

It's necessary my brother. This will bring back all their holdings that is out of the market. They are the biggest culprit in this financial mess, they have to get stressed to strengthen it.

Calitoscassius:
Only time will tell, be surprised that they d lose nothing in the end, the real value of the naira is yet to be determined.

Besides, it is their dollars they can hoard them if they like

Yeah, time is telling already as a downward spiral is here again on Tuesday.

I tell you, a bumper loss in their camp and trade already.
Their dollar, the reason I asked him not to preach to them.

Donaldoni:


Reality is gradually setting in

Cut your losses and sell your dollars now

Earn dollars. Don't hoard it.

You get time to dey preach.

Wait to laugh over their premier cry

Klington:
Listen to yourself.

When it increased, it reflected on every single items including sachet water.

Now it has been going down for some time now according to agbado propagandists and it's not reflecting on any item.

... and read what you type by yourself.
So price of goods will come down immediately the naira is getting stronger, you are voodoonomics.

Obi is still not the president, Jagaban is the president.