₦airaland Forum

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PoliticsRe: Naira Depreciates To N815/$1 by routed: 11:46pm On Jun 21, 2023
Okoroawusa:
Many people that commented before me didn't read the article and many that will comment after me will not read the article
They are unfortunates waiting to see a doomed nation, their country.
The contents and understanding in the writeup is different from what they comments.
BusinessRe: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 10:57pm On Jun 21, 2023
slymansun:
Just be there speaking grammar and be deceiving yourself with your biased and fixated mindset. By the time you realize what Tinubu is doing to your destiny, you will come back here and confess your folly in believing that Tinubu is working for your good.
Why is Tinubu increasing his salary by 114%?
What measures has he put in place to cushion the effect of his stupid policies so far on Nigerians?
We are looking out to constructively critics the government or its policies. Tinubu has no holding on my destiny, it's God's, I follow the market and economic outlook in my business decisions. If I can fault the horrendous economic decisions of Buhari and still come out a winner as a business person, I'll not let the present economic masterstrokes pass me by.

Brother, people are bleeding and getting poorer in the country in truth. We can't fold our arms and do nothing but only to take the easy ways. Seriously, to reverse our fortune we need strengthen our monetary and fiscal policies in a way to uplift the Nigerian masses.
BusinessRe: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 10:51pm On Jun 21, 2023
Tianamen1:
Taxes are used to reduce the demand for foreign goods. This helps maintain the value of a country's currency. If taxes a put on imports, people will have less Naira to use to chase the Dollar, thus strengthening the Naira.

Electricity is a main hindrance to Nigeria's industrialization. For the past 15 years, Nigeria has been trying to implement a MYTO policy to gradually increase the unit price of electricity to meet market realities. This has been a complete failure because the Naira keeps losing value.



Nigerians always want to blame people or things for the collective failures of Nigerians. We will blame Emefiele. We will blame Buhari. The reality is that our consumption of foreign goods is why our Naira keeps losing value.
Thanks for this beautiful contribution. Everything is on the table to tame the untamed, this government is not joking. The road will be rough, by God's grace we'll come out victorious.
BusinessRe: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 10:48pm On Jun 21, 2023
docsholz:
I'll quote you in a few weeks, pls don't delete it
You're most welcome my brother.

We need pray for our nation, look out to constructively critics the government, and be at the doorsteps of opportunities in an evolving economy like ours.
BusinessRe: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 10:36pm On Jun 21, 2023
Streetdoctor:
As a self aclaimed economist, what should be d priority of a sensible govt right now?
The priority of a sensible govt now, my brother, is to strengthen her Monetary and Fiscal policies, take control of his government, save all the deathly subsidies funds and role out an unprecedented social welfare and job target infrastructure expansions in the coming supplementary budget.

Please, read about the economy miracles of S/Korea, Chinese, Singapore and likes, the beginning was deadly and tougher than what you can imagine.
BusinessRe: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 10:28pm On Jun 21, 2023
Tianamen1:
Please show me where I have ever mentioned taxing businesses.
Ask them how much tax they have paid this year. For their information , for you to process your Form A with CBN now, you must present 3 years tax certificate.
We are all bleeding the economy, we want healthy economy but don't want to pay their dues.

Because we don't want to talk or respond to their gutter-bitter vomit, they feel they have point or reasonable. Uneducated feeling enlightened people.
BusinessRe: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 10:22pm On Jun 21, 2023
drlaykay:
Why are you guys so uncultured?
Can you dare say this to me when you meet me in person?
Why can't you be civil and address people with contrary opinions with respect or simply stroll past their comments.
Even the British government, world bank, renowned economics worldwide who applauded the policies are fools right?
And you are the only sensible ones. Even Peter Obi that I'm sure your support proposed the same thing during his campaign.
Why can't you guys just look beyond political affiliations, tribe, hatred and purge yourself of every bile you have accumulated internally.

And please work hard and do good for yourself. Success comes with some form of civility. A successful man won't address someone else this way. Work hard.
Thank you my brother. We love them, the reason we want them to see the lightening hope in the economy direction that people all over the world are jostling for, the edge fund investors abroad are waiting to see naira stability before pumping greenback into the window, some bitter souls are talking about dollar chasing naira or whatever. Is your naira or dollar among the chaser, be involve, this is opportunity right in your nose.
BusinessRe: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 10:11pm On Jun 21, 2023
fergieboy:
Renewed shege
What we have here is too many hands chasing few dollars
Which too many hands are chasing dollars? You know next to nothing about events in i&e windows. There were so much undesirable pressure on naira before now, this was because the value of the exchange rate is artificial. Now, naira is finding its real value.

A case study: I have a friend based abroad paying his child school fees who is also based abroad. Before paying the child school fees, he'll send dollar to Nigeria and exchange it in black market and put the naira in his naira account in Nigeria and apply for dollar in CBN through Form A.

Now the friend resolved to pay in Dollar because their is no difference now. On his side, the subsidy Nigeria pay on his child school fees is done with. This will affect thousands of parents including me who have been exploiting some of these loopholes before this policies.

Don't let your hatred for this government make you loose opportunity to make wealth in real economy of this moment. Think out of the box or without box. Stop being bitter, this is opportunity for you to make real wealth in emerging Nigeria real economy.
BusinessRe: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 9:48pm On Jun 21, 2023
blackgold2018:
idiot.. fool. The government is still deceiving you
People like you are the one deceiving yourself, all you need do is to watch the market inorder to plan your business and investment portfolio as things unfold. Sorry, do you even have investments?

I have been trading N/$ at least twice every week since the new CBN policies on exchange rate.

I understand what is unfolding, the market is full of excitement and caution right now.

E lo fokan bale!!!
BusinessRe: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 9:42pm On Jun 21, 2023
okuta007:
dey play

you think say na who shout

I receive it pass for Shiloh dey be billionaire?

your mumu don reach PhD level
Your ignorance is out of this world. I'm here talking about fact on ground not emotions like you .
Your level of knowledge, may be education makes you sound the way you do.

Do you even understand what's going on in the economy, to start with, I doubt you do? Empty brain result to insults in intellectual discussion
BusinessRe: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 9:28pm On Jun 21, 2023
okuta007:
Fela - that wa s the only really detribalised Nigerian ever- his songs attacked Obasanjo and Abiola like crazy and those were yorubas - like him - he didn’t care about tribe but the issues of the day - how to make Nigeria and Africa great - today, on their mandate we shall stand as long as he is ronu … this rain ☔️ go beat everybody - surely!
It will be rain of abundance and renewal.
BusinessRe: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 9:22pm On Jun 21, 2023
Majority of you guys wishing doom on your nation are ignorant. While we await.
Mind you guys, the volume of trade at I&E window is less that $100 million till date. The policy makers are watching while the investors are jostling to inject greenback into the economy. Again, the government is yet to inject greenback. In few weeks from now, the economy activities will strengthen naira to ride the rate below N600/$.

All of these doomsday analysts know nothing about Monetary and Fiscal Policies.

All they hope for is to see their country and her leadership fail.
BusinessRe: Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window by routed: 9:12pm On Jun 21, 2023
Streetdoctor:
Lolssssss, what do u know about economy and markup
please explain what you know about this monetary policies decisions by the PBAT. I'm an economist, we are happy about what is going on with naira at the I&E window.
BusinessRe: CBN announces unification of FX windows, stops Naira4Dollar scheme by routed: 10:10am On Jun 15, 2023
Beverlyjean:
Mumu like u...they just devalued the naira which they denied just last week and u are jubilating... mumu people like us is the reason y their country will continue to sink
Some of you have nothing to wish your nation except woes. I hardly comment here, but some of you are annoying not to respond to in a while. Those who have nothing to offer in an argument resulted to abuse.
I'm an economist, I have long for this action in Tinubu various speech in the last 15years. His police has ever been consistent. No wonder he is one of the most consistent politicians in this country. Be positive for once, a sinking Nigeria is a sinking future for you and you loved ones to.
May God not let anyone of us sink and our nation.
PoliticsRe: Fuel Subsidy: NLC Mobilises Affiliates In Preparation For Industrial Action by routed:
ThatCEO:
Price of petrol is now higher than in USA n Ur minimum wage is $70. I no say dem swear for u but e no suppose worse reach like this
TravelRe: Canadian Student Visa Thread Part 22 by routed: 3:35pm On Apr 23, 2023
Bamz555:
The truth is it’s not enough. But we can work our way around it.
What does ur mom do?
Her SOA, what’s the total monthly inflow nd outflow.
We might have a solution to ur situation
Thanks for the response, Sir.
I have sent an email to you twice.
Please, I need to work this out with you, Sir.
Regards.
TravelRe: Canadian Student Visa Thread Part 22 by routed: 3:00am On Apr 23, 2023
[quote author=Bamz555 post=122685991][/quote]Bamz555, please Sir I need your advice on this.I have 14M naira in my Mum's account as my sponsor after the payment of C$5,000 for tuition deposit and transfer of 2M naira into my personal account from my Mum for upkeep. Is this fund least sufficient for her standing as my sponsor.
I'm a 17years old Undergraduate applicant already secured an admission to Biomedical science.
Thanks in anticipation of your response, Sir.
Regards.
IslamRe: Lessons From Hadith 5 Of The Forty Ḥadīth Of An-nawawih by routed: 11:32pm On Mar 31, 2023
Lukgaf:
This week, we will review the fifth hadith of the forty hadith of An-nawawih. For the past review, see here


This hadith is narrated by Abu Hurairah (may Allah be pleased with him) who reported that the Prophet Muhammad (peace be upon him) said: "Whoever introduces something into this religion of ours that is not part of it will have it rejected."

This hadith serves as a warning against innovation (bid'ah) in Islam. It teaches us that anything that is not part of the authentic teachings of Islam, as conveyed through the Quran and the Sunnah (the teachings and practices of the Prophet Muhammad), is considered unacceptable and will not be accepted by Allah (God). It is important for Muslims to adhere to the established practices and principles of Islam and to avoid introducing new ideas or practices that are not supported by authentic sources. This hadith emphasizes the importance of following the true teachings of Islam and not adding or subtracting anything from it.


Lessons from that hadith


- The importance of adhering to the authentic teachings of Islam: The hadith emphasizes that any innovation or addition to Islam that is not supported by authentic sources will be rejected by Allah (God). Therefore, it is important to follow the established teachings and practices of Islam as conveyed through the Quran and the Sunnah of the Prophet Muhammad (peace be upon him).

- The danger of bid'ah: Bid'ah, or innovation, is considered a serious issue in Islam because it can lead to deviation from the true teachings of the religion. The hadith warns against introducing anything into Islam that is not part of it, as it can potentially lead to misguided beliefs and practices.

- The need for knowledge and understanding: In order to avoid introducing anything into Islam that is not part of it, it is important to have a sound understanding of the religion and its teachings. Muslims should seek knowledge from reliable sources and consult with knowledgeable scholars to ensure that their actions and beliefs are in accordance with authentic Islamic teachings.

- The importance of preserving the purity of Islam: Islam has been preserved in its original form for centuries, and it is the responsibility of Muslims to continue this preservation. The hadith reminds us to be cautious and not to introduce anything into Islam that is not part of it, in order to preserve the purity and authenticity of the religion.
JazzakAllahu khair.
IslamRe: Lessons From Hadith 5 Of The Forty Ḥadīth Of An-nawawih by routed: 11:31pm On Mar 31, 2023
NeoWanZaeed:
Sarafa gbadebo, alaro and Co are the bidah saviour of this era.

They practice bidah, defend ahlu bidah and wage war against sunnah
My brother, please only say what you can defend before Allah when you and the people you mention will stand together on the plain of judgement in Yawmul Qiyam.

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