₦airaland Forum

I'm here now.

Hello everyone!

𝗦𝗨𝗥𝗘𝗛𝗢𝗠𝗘 𝗠𝗔𝗥𝗥𝗜𝗔𝗚𝗘 𝗦𝗘𝗠𝗜𝗡𝗔𝗥 | November, 2023 𝗘𝗱𝗶𝘁𝗶𝗼𝗻

Do you have a QUESTION concerning any marital issue? Send it here: /SUREHOMEQA

It could be PERSONAL or you just want to ask for someone going through a situation in marriage.

Having dealt with 10 differently topics around marriage and family in 2023, we have decided to dedicate November Edition for just QUESTION & ANSWER. With a special PRAYER SESSION. Join us this Sunday for this special edition.


𝗦𝗲𝗲 𝗱𝗲𝘁𝗮𝗶𝗹𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗲𝘃𝗲𝗻𝘁 𝗯𝗲𝗹𝗼𝘄:

👉𝗦𝗽𝗲𝗮𝗸𝗲𝗿𝘀: Mr. & Mrs. Samson & Victoria Osewa
👉 𝗩𝗲𝗻𝘂𝗲: ZOOM (link: SUREHOMEONLINE)
👉𝗠𝗲𝗲𝘁𝗶𝗻𝗴 𝗜𝗗: 839 9969 2719
👉𝗣𝗮𝘀𝘀𝗰𝗼𝗱𝗲: SUREHOME
👉 𝗗𝗮𝘁𝗲: Sunday 26th, November, 2023
👉 𝗧𝗶𝗺𝗲: 6:30 pm (Nigerian Time)

Hard work. 👍

Confirmedzombie:
Islam forbids killing and our Hamas faithful know this and practice it.
May her soul Rest in peace

What makes you so sure that Hamas that dream about killing Jews are good muslims that cannot do that? Do you have friends in Hamas?

𝗦𝗨𝗥𝗘𝗛𝗢𝗠𝗘 𝗠𝗔𝗥𝗥𝗜𝗔𝗚𝗘 𝗦𝗘𝗠𝗜𝗡𝗔𝗥 | 𝗢𝗰𝘁𝗼𝗯𝗲𝗿, 2023 𝗘𝗱𝗶𝘁𝗶𝗼𝗻

In a world filled with dreams, ambitions, and endless possibilities, a union with one of its core pillars founded on shared financial goals is the key to unlocking a future of abundance and security.

Join us this Sunday to learn how to make 𝙮𝙤𝙪𝙧 𝙡𝙤𝙫𝙚 𝙨𝙩𝙤𝙧𝙮 also a 𝙬𝙚𝙖𝙡𝙩𝙝 𝙨𝙩𝙤𝙧𝙮 and create a legacy that lasts for generations as we consider in our online Seminar: BUILDING WEALTH TOGETHER AS A COUPLE.

𝗦𝗲𝗲 𝗱𝗲𝘁𝗮𝗶𝗹𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗲𝘃𝗲𝗻𝘁 𝗯𝗲𝗹𝗼𝘄:

👉 𝗦𝗽𝗲𝗮𝗸𝗲𝗿𝘀: Mr. & Mrs. Samson & Victoria Osewa
👉 𝗩𝗲𝗻𝘂𝗲: ZOOM (link: SUREHOMEONLINE)
👉 𝗠𝗲𝗲𝘁𝗶𝗻𝗴 𝗜𝗗: 839 9969 2719
👉𝗣𝗮𝘀𝘀𝗰𝗼𝗱𝗲: SUREHOME
👉 𝗗𝗮𝘁𝗲: Sunday 29th, October, 2023
👉 𝗧𝗶𝗺𝗲: 6:30 pm (Nigerian Time)

Okay.

We were exporting oil though.

What happened to the poor woman?

What did the akara end up looking like?

discusant:
From the tenure of Sanusi Lamido Sanusi who was appointed on quota basis, everything changed. Inflation started to prepare to develop wings. Sanusi was using his office at CBN to tell the world that Goodluck Jonathan's government should not be trusted; as he was playing politics of power must return to the north then.

Sanusi was actually a sound economist and a good CBN governor, but he initiated the politicisation of CBN and this is what got him sacked and replaced by a voodoo economist slash banker who terrorised the country for 9 long and painful years, culminating in the naira redesign debacle.

Onye Ajuju, a policy expert, has provided data which demonstrates that inflation was lower under CBN governors like Soludo and Sanusi, who were economists.

He said,

Question on Nigerian inflation:

Does it matter if the central bank gov is an economist or not?

Green colour: Economists
Other colours: Accountants/Bankers/Wizards

Data:
@tradingeco

Excluded: Sarah Alalade (short tenure)
Disclaimer: This is a hunch not a scientific claim

See the data below:

The textbook definition of Monetary Policy Rate is "the rate at which a central bank lends to commercial banks". By that definition, Nigeria's MPR under Emefiele wasn't 18.5% but 11.5%, & the current MPR isn't 18.75% but 15.75%, which is still low when inflation is 25.8%.

The idea behind using MPR to fight inflation is that when a central bank's MPR is jacked up, banks will lodge more excess funds with the CBN, leading to an automatic mopping up of excess liquidity (money).

It doesn't work in Nigeria because CBN says that they will only pay interest on N2b of excess funds per bank. That has limited the amount of excess naira that banks deposit with the CBN - i.e. the amount of naira that can be mopped up by MPR - to about N50b.

Before the limitation, in 2014, up to N705b was mopped up. So how can mopping up N50b affect inflation in 2023, when Nigerians have N21.7 Trillion naira in their bank accounts and the total money supply M2 is N64.89t?

We will need to mop up several trillions of naira from circulation to see an impact on inflation. If CBN removes the N2b limitation, this will happen and we will see the true effect of our 15.75% effective MPR.

It may need to be done in steps, so that we won't have a situation where the effect of over 1 year of interest hikes will be unleashed on the economy in a single moment. Maybe raise the cap to N50b/bank. Then N100b/bank. Then lift it completely.

So that MPR, the CBN's best anti-inflation tool, will work again. I call it "Unbreaking The MPR". Bankers call it removing the cap on the Standing Deposit Facility (SDF).

It will strengthen the naira and reduce inflation, guaranteed. I hope Dr Yemi Cardoso sees this somehow and takes action.

OMEGA009:
Still waiting for an economist to explain why we have a parallel market

Because the official market cannot serve all the people who want dollars.

wirinet:
That's the greatest tragedy to befall Nigeria since the civil war - floating the naira. The IMF and the World Bank has been edging Nigeria to float the Naira (remove all subsidies and open our ports) since the time of IBB. They achieved this through Tinubu. Once the dollar has crossed the N1000 mark, the next mark is N2000. I predict it to hit that mark within the first term of Tinubu. At the rate the naira is falling, it might make it in 2 years.

Before Tinubu the official market was practically nonexistent. Nobody could access forex. Floating isn't the problem. It's demand and supply.

adisabarber:
You pushed for floating of the Naira, it failed. Now you are saying another thing

The naira floated for just a couple of days. That was when the parallel market rate and the official market were the same. After that, they started intervening both by selling dollars at ridiculous prices and also later, by restricting the bids on the market. So it was just a devaluation in the end.

https://www.youtube.com/watch?v=It2zHSJBZns

During an interview with Arise TV, the IMF rep for Nigeria said that "a lot of the focus" on ending the free fall of the naira "should also happen on the supply of naira, not only on the supply of foreign exchange". He said that there is a need to "tighten monetary policy; to take liquidity out of the system."

He said, "there are too many nairas chasing yet too few dollars. As I have alluded before, in previous conversations.
It is very important to reduce the amount of nairas, reduce the growth rate of money supply domestically in Nigeria."

"In parallel also, fiscal policies should cease to rely on the Ways & Means."

"All the operations of the central bank that are not conducive to reigning in liquidity, phasing out financing of the fiscal deficit of the government, focusing on price stability, tightening monetary policy is going to be needed."

"It's costly - it doesn't come without a price, but it's a price worth paying."

Recall that Sanusi said the same thing and Bismarck Rewane has been calling for monetary tightening for years.

SUREHOME MARRIAGE SEMINAR | September Edition

We need to understand many things about MONEY when it comes to godly MARRIAGE, especially from the perspective of God. Only this will bring us to an accurate FINANCIAL INTIMACY IN MARRIAGE

Join us this Sunday in our Online Sure Home Marriage Seminar, as we discuss about money matter in the home.

See details of the event below:
👉Speakers: Mr. & Mrs. Samson & Victoria Osewa
👉 Venue: ZOOM (link: SUREHOMEONLINE
👉Meeting ID: 839 9969 2719
👉Passcode: SUREHOME
👉 Date: Sunday 24th, September 2023
👉 Time: 6:30pm (Nigerian Time)

To participate, get reminder and to join our online platform follow the links below:

WhatsApp: LINK

Kindly help share with Friends & Families. Trust us, it will be worth the time invested.

Bump.

oyichi:
It's so unfortunate that this forum has turned to a battleground for tribalists, to clear this mess that this once enjoyable forum has been infested with, I suggest a two months ban on anyone that insults or tend to insult any ethnic group or region in this country, sane minds what do you think?

The supermods told me that they are doing their jobs.

Perhaps drinking a lot of water will help.

Peter Obi has strongly denied accusations that Rufai Oseni supports him because he sponsored the burial of Rufai's late dad.

He said,

Ordinarily, I do not get involved in name-calling and mud-slinging. Neither do I attack people nor try to defame their personalities in the course of my political journey. I have also avoided replying to cheap, wicked or malicious blackmail publicly or privately in the same
irresponsible manner that they are thrown at me. Anyone who has followed my corporate and political life knows that I always stay on issues, with my focus on finding solutions to societal challenges and ameliorating the suffering of the people.

I do however need to clarify a few issues, especially since a third party is involved. There is a recent case where my name has been mentioned in a malicious and cheap blackmail against one of Nigeria's best Television presenters, Mr. Rufai Oseni, who has stood sternly
for what is right and has challenged me fearlessly on some occasions while speaking truth to power. I have recently been mentioned to have bribed Mr. Rufai Oseni by financially sponsoring the burial of his father.

Let me clearly state that this is a categorical lie. It is not true, cannot be true and will never be true. Everyone who understands or follows my approach to things will attest to the fact that I do not give anyone money to promote my name.
I have never and will never monetarily induce any journalist to speak or write in my favour. When I am invited to birthday celebrations or funerals, people know that I do attend. Countless journalists, media personnel, the less privileged, the wealthy etc., have all invited me to their occasions, and they will attest to the fact that I honour such invitations, especially when people are grieving. I have never been to Rufai's village. Even at the point of writing this, I do not know where he is from.

One then wonders why people could decide to tarnish other people's image for no justifiable reason. To those involved in such evil endeavours, I wish them well and pray that God will have mercy on them.

I still maintain that our focus in Nigeria should be on rescuing our dear Nation from the many challenges plaguing it. We should focus more on lifting people out of poverty. Millions of Nigerians do not know where their next meal will come from.

We have millions of unemployed youths in their productive age with very little production going on in Nigeria to create jobs. Finding solutions to these challenges should command our attention, for the progress of our dear nation Nigeria - and that is what I remain committed to. A New Inclusive and Sustainable Nigeria is POssible! -PO

Source: Peter Obi

*SUREHOME MARRIAGE SEMINAR | August Edition*

One of the beauties of WINNING TOGETHER as a couple is that the outcome is EXPONENTIAL!  And not only that, but more beautiful things are connected to this.

Join us this Sunday as we explore: the meaning, the making and the manifestations of *WINNING TOGETHER* in our Online Sure Home Marriage Seminar.

See details of the event below:
👉Speakers: Mr. & Mrs. Samson & Victoria Osewa
👉 Venue: ZOOM (link: SUREHOMEONLINE)
👉Meeting ID: 839 9969 2719
👉Passcode: SUREHOME
👉 Date: Sunday 27th, August 2023
👉 Time: 6:30pm (Nigerian Time)

Kindly help share with Friends & Families. Trust us it will worth the time invested.

Please stay on the topic to avoid getting banned.

Redenomination is a license to print more money. If $ goes from N1000 to N1500, people will scream. If it goes from N1 to N1.5, people may scream less, though it's EXACTLY the same thing, allowing you to continue to debase your currency. SACK the "experts" who suggested this 💩.

In one feminine gender, there are countless possibilities. But we choose to focus in this seminar on two major POTENTIALS AND HOW TO HARNESS THEM in the female gender, including the vital role a man can play in helping to maximize them.

Join us in an exciting and engaging learning experience on the subject of: The Woman: The Wife & The Mother, & What the Man can do.

See details of the event below:

👉 Venue: Facebook https://web.facebook.com/samson.osewa/
👉 Venue: ZOOM (link: /SUREHOMEONLINE)
👉 Meeting ID: 839 9969 2719
👉 Passcode: SUREHOME

👉 Date: Sunday 30th, July 2023
👉 Time: 6:30pm (Nigerian Time)

Kindly help share with Friends & Families. Trust us it will worth the Tim invested.

It is basic economics, my brother.

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 📉.

It's been a pleasure serving all of you since 2005!

jmoore:
How many liters of petrol could have done same job for 20 hours?

Who know?

I stopped because I felt they had started manipulating it again.