₦airaland Forum

Racoon:
Simple! You can't be banning alcohol or destroying someone's business and wants to share from the consolidated revenue accruing from such. This country is just sickening.

There is a restructuring bill on the table. Lets join hands and pressure our leaders to pass it.

Viridis:
Bro do you know what it is to eat raw chilli pepper some beating might even be better

I used to eat raw pepper as a teenager. Unless one already has a ulcer problem, it isnt as risky as beating. One single blow can kill.

finallybusy:
I see the people as no different from the thief because they’re ready to commit murder for amusement. Abeg, give him a beating and hand him over to the police. Once the guy dies, nobody will claim responsibility for the idea.

Between eating pepper and hot water, and the beating you are advising, which is liklier to accidentally kill him??

Levels1:
how do you mean? Do you just said innocent? How are they innocent? Do you live with them? Is their house the only house around? Or you are saying the military that arrested them are insane if indeed they're the ones who arrest them? This type of your response is not healthy

Underaged children? Haba. You and I both know those people were just rounded generally. It's terrible to do this to minors!

Highly disappointing. There's no excuse for rounding up innocent civilians much less minors!

BondRiv:
Blasphemy. This man is a sycophant.

Quite a shameless one too.

valentineuwakwe:
Initial gra gra..this can only be done in the South east

What exactly have they now done that can only be done in the South East? Set up checkpoints? SMH. We are barely a month on from the Okuama tragedy, is the current response anywhere close to what was done in Okuama? You enjoy feeling like a victim because in your mind that makes you special. Is that not so?

Lol.

Ofunaofu:
Peter Obi doesn't need to be compelled to do anything. 

This event happened yesterday, so he is within his right to comment on it whenever he so wishes.

Yes of course he could comment whenever but the longer it takes the more we can deduce that he doesn't want to. I am certain he wouldn't have but for Reno dragging him and for Otti also coming out to place a bounty on the killers.

Ofunaofu:
Nice one Peter Obi


Reno Omokri will continue to remain a rabble rouser

But Reno compelled him to do the right thing. Give him his credit today.

Dbegining:
To whom were these monies owed?
The govt must be more transparent. What were these monies used for?



Well, it's One of Buhari's footprint and legacies. Well, it's APC's legacies sha. So, APC owes and APC pays. Nothing special here.

Just pay it all.

CBN basically.

YoungLionken:
You missed the point but I'm not ready to put you through...

Good for you. Let your fingers rest from typing rubbish.

YoungLionken:
I think the military needs the sanitization more in evaluating/ascertaining their mental health status..

Because these days, the Nigerian military (army in particular) be doing the most against its citizens it is supposed to protect from harm. In fact, to be scared/careful of a typical Nigerian soldier is safer and more reasonable than to be scared of a bandit...

Soldiers are everywhere around us and they are the coolest individuals you can come across. But if you think that killing and beating uniformed men who put their lives on the line to preserve yours is normal behaviour in a sane society and that the soldiers are not humans too who feel pain, then yes you have every reason to be scared of the military for you are actually a mental bandit.

NothingDoMe:
See why raising MPR does does not boost investor confidence when the rate of currency devalution exceeds the MPR?

CC SmartyPants.

When last was the rate of devaluation up to the MPR not to talk of exceeding it? Taking 1500 as a benchmark, has Naira devalued by up to 10% at any point since March?

The MPR is well above any current and projected devaluation which at its worst will not swing by more than 20% from 1500. Investors who enter at 1500 or lower know that they are safe.

NothingDoMe:
No! Lmao. The interest rate on financial instruments like bonds or mutual funds are per annum!

As at April 2024, treasury bills was approximately 21% interest rate per annum. To get the approximate monthly rate you need to divide by 12 which gives 1.75%. Or you can see the attachment I've provided for a more accurate calculation.

I'll soon start charging you for this free financial advice you are enjoying.

Who said anything about monthly interest? How do you read all that and come up with monthly interest? You are definitely not okay. Obviously been a total waste of my time trying to explain a single thing to you.

Goodvibes007:
I did not even know they had this type of lovely trains which are similar to the ones in Europe.

Abuja is the closest thing to Europe anywhere in middle Africa.

NothingDoMe:
When has London Economics worked in Nigeria?

Asking me to "Google" tells me you're not an investor. You probably don't even know what a $100 bill looks like except you check Google.

I guess you meant "Naira devalution" not "Dollar Inflation". The point of raising the MPR to attract foreign investors is simply for the investors to bring in their FX, change it to Naira, and invest in the Economy.

Now if I bring in $100, change to N150k @ the rate of N1,500 and invest. If Naira devalues to N1,600 within a month, I would have lost a certain percentage on my invested funds. Naira has recently devalued faster than the MPR.

Yes. Foreign investors don't invest their FX and take Naira returns back to their country. They take their capital/profits in FX. An unstable currency is bad for busines.

I actually feel sympathetic that I have to explain all of this to you. Even if you want to defend the government you can at least do some research. The fact that you're not an investor is not an excuse.

I don't know if some of you just come to Nairaland to argue as if your life depends on it.

You just mentioned that if you invest at 1500 and naira shifts to 1600, you have lost a certain percentage. Now, I've told you that these are not ordinary investors. These are people who invest in financial instruments. Don't you understand??

That means they earn a fixed interest rate at the same level or higher than the MPR. So if you invested at 1500, your profit is say 27%. If naira devalues to 1600, you lose about 7%. Now your profit is 27% minus 7% in this situation, so 20%.

I want to believe this makes it clear to you. Bye!

.

NothingDoMe:
Hahaha. I know a typical agbado warrior typing from under ogbomosho bridge when I see one.

Not all of you are of the same class and mental level. At least I've had useful debates with legend.hero and others that don't even reside in Nigeria.

It is usually the local supporters that talk nonsense they cannot defend. Then add street talk to seem smart and go further to like their comments with their own monikers.

Again, why would I change my USD to invest in Naira when I know that the Naira is unstable? Answer simply. If you don't know just say you don't know. 😄

Lol. You think and behave like a toddler. Why are you telling me all these stories?

What I've shared with you is objective economics - this is how it works from London to Lagos to New York to Tokyo. You can google it you know? And the answer to your question is also staring you in the face.

If the MPR is so high that it outpaces dollar inflation, do investors make a profit or not? Use your brain bro.

NothingDoMe:
Lmao! Invest with an unstable currency?

Like Tinubu like supporters. No wonder the Economy is in shambles. 😅

Lol. Bro, sincerely you are a foolish person.

I only explained some basics to you. I have no idea why you're attacking me - would you attack your economics teacher in school because you don't like the president? Lol.

naijamerican:
you miserable africans are so stupid. The so called north has run nigeria into the ground and you continue to type this crap. God will continue to punish you useless triablist holding on to archaic beefs.

Does what I wrote up there have anything to do with whether the north has run the country into the ground? Locate the nearest corper in your vicinity and ask them to explain what I wrote to you. Do that right away!

NothingDoMe:
Raising MPR does not automatically trigger fresh forex inflows. Where una dey learn this voodoo economics from?

You know nothing at all. Just as our primitive ancestors did, that which you do not understand you ascribe to voodoo. A thoroughly bush fellow you are!



Now that your scolding is out of the way, what you need to know is that foreigners invest in our financial instruments. Now when the interest rates are raised, this triggers an uptick in such investment, called foreign portfolio investment.

Do you understand or it still sounds like voodoo to your vacuous mind?

Bacteriologist:
The unified exchange rate has been deunified.

Or why are we having such spread between official and black market rate?

APC Tinubu and Voodoo economics are like 5 and 6

Because one leads and the other follows after a short adjustment period. I think that's fairly obvious.

While this is good news, there was no data or any recognisable fundamentals either from the Central Bank of Nigeria or the Ministry of Finance to justify the latest upward surge.

lol. People just write without having a clue what they are talking about. Last week the MPR was raised again - this should always trigger fresh forex inflow which should then depress the USD exchange rate for a while.

PDPdestroyer:
Lol. Despite all the boreholes Obi gave them, is this how to reciprocate?🤓

It would take extreme naivety for one to think that the grudge between the north and the east can be undone by boreholes. I've come to realize that most Nigerians are not even aware of the issues. In a divided country, you wiped out all the top cultural, religious, political and military leaders of a single region in one night and you don't understand that you sowed deep roots of hatred for generations to come? Granted the North did their own back and in excess by killing thousands of innocent civilians and uninvolved military officers but that scar remains and will always remain until a wise leader understands that Nigeria cannot be built until there is an open truth and reconciliation process.

Racoon:
Are the US military jets being bugged or what? Why these crashes ul and down?

As the world's most active military it's expected they should have more crashes than others. The main question is, how effective are they in actual battle? I think that question answers itself.

I'm happy to see the Obidents jump on Sowore's bandwagon. Now Sowore is not Tinubu's boy. Eventually, when he criticises Peter Obi again they will surely disembark with lots of abuses to follow. Funny people, funny country.

Dancebreaker:
That guy na coded perv.

Same thing that popped into my mind. A pervert roaming about!

TheBillyonaire:
Sounds like a nice tradition. Marry one and take all the cousins to bed whenever.

The groom's cousins not the bride's.

Emeskhalifa:
Did they also do it coz of the women's money or green passport?
But if a young hustling guy especially from Africa should fall in love with an older woman, una go carry una hypocrisy talk say e do am coz of her money or green passport.

Smh

Abeg if you get link to any milf in Yankee or Jand, holla at me.

Have you noticed there is no African footballer on the list, (except KPB who only became an emergency Ghanaian to play the world cup)?

Quintessence44:
Stop talking rubbish.

The Nigerian military is even MORE powerful today, with better training, and more and better weapons.

They can never be as effective fighting an internal terrorist group in Nigeria for the simple reason that their ‘success’ in that depends on the amount of damage they can cause within the country, making it a terrible dilemma, which prevents them from exercising their full strength and armoury on the terrorists/bandits etc.

Send them out to fight a foreign war where there are no such restraints, and you will see they’re a fearsome fighting force.

I read his comment and internally I said what you just said but didn't bother to reply. With the quality of individuals on this forum these days, you're better off not even attempting certain discussions.

JASONjnr:
I drove passed banned junction today heading to area11 and I didn't even notice anything.


But we keep shut about things like this alot in Nigeria. The military are not constituted to have direct power on civilians but to the government.

Whatever act was taken against the officer, giving the police a chance to investigate properly and by now those culprits would've been arrested.

In Nigeria the military, by law, is empowered to have a policing function. Take a look at the Armed Forces Act.

Kukutente23:
Just like politicians, the military have immunity from the constitution.

The index that joins these lawless individuals together is corruption. It's a scratch my back I scratch yours cycle.
The military are sent on errands when the politicians feel their existence is threatened and the politicians in return look the other way when the military take laws into their hands and commit genocide or human rights abuses.
To hell with the law. It's not worth the judge's wig

Which section of the Constitution gives the military immunity? The way you people boldly spread misinformation is scary.