₦airaland Forum

Dessymond394:
Pls how do you know its 553cad to N1 that IRCC used as at 22nd?

Larry1960:
It's has gone up to 605. Anybody wey won enter na to hold minimum of 16-17M UK own na no go area. I guess the number of people wey wan travel go soon reduce cos this na discouragement how can oando rate be even higher than black market rate. Black market is between 570-590


Before with minimum of #10M you fit still enter Canada but now minimum of 16-17m UK now na from 20Million minimum upwards to enter uk. I don't even understand what this Tinubu dey do I swear this policy no dey help matter only solution na to increase our export
only God know whether dangote refinery go bring succour soon I heard yesterday them wan release some more forex into the economy

Make we see if the coming months e go bring the price down na so them still talk for the subsidy removal say fuel go still come down

IfnobeGod20:
We suppose to learn everyday but you've have not learnt anything.

Did she says, she's not an employee of Amazon?
I won't mind if you can reference me where she said so.

I also want to know where she said she has a score to settle with INEC, when a case she has with INEC had been resolved to her favour by the court. Hope you're not manufacturing another case on her head that she doesn't know.
Meanwhile, the case she has with INEC was it a case of life and death that will warrant her to be nursing grudge with the commission?

Just I had said, you've not learnt anything today.

Closegirl:
Please if anybody can help me with any little amount to eat I will be very happy. Feeding is a big problem for me and my family please no matter how small. I havent eaten anything since yesterday in the morning pls. My dad is a retired teacher and my mom is late. Am a single mother with my own son mouth to feed, the little money i make have use it to cater for my dad illness and pay house rent but his health is getting worst. Now we can't even eat or buy water to drink. Please if you're reading this message pls come to our aid, no matter how small it will go a long way pls. May God meet you at the point of your need as you have show us mercy amen

Acct num:

[color=dark]3[/color][color=dark]18[/color][color=dark]7[/color][color=dark]47[/color]

[color=dark]8[/color][color=dark]99[/color][color=dark]6[/color]

FaithS.H
First Bank

successmatters:
This is a big bone in the throat of INEC

Ayobamiaz:
It has really affected my form A but we move

KingOfIsoko1:
I won’t say more,


When and not “if” it start, Tinubu will face a Presidential turmoil


El rufai is no more loyal,


Ganduje is angry at the President for the Kwankwaso sleight on his ego,


Who will stand behind President Tinubu if the north were to revolt?


Can Akpabio remain Loyal when the North start to play impeachment game?,


Time shall tell

ebenholer2:
He will be automatically promoted and that is the reality. If buhari can do and go scot free, it is high time for the north to know that power is not made for them only. You gerrit😀

delpee:
I remember that he did well with Rapid Response Squad in Lagos. Those guys were professionals to the core.

nepapole:
Y she com give her people hope?

tenderjunkie:
Rate for what?

segzyndpep:
Yes thank you. But it hasn't been updated since 16/06/2023.
Is it something to be worried about because honestly this FX has made POF totally useless and a whole lot has gone into it already.

segzyndpep:
Is this rate more legit than Oanda converter? Because it seems this rate is a little less than Oanda.
Kindly advice.

AskGod07:
How do you calculate 0000.00221680 C$ to 451?

pls can you advise

zubizareta:
What's today blackmarket rate bro

Larry1960:
It's showing 499 on oando rate

It was 444 as at yesterday

ijustdey:
https://sunnewsonline.com/fuel-subsidy-removal-cost-of-living-petrol-rates-in-oil-producing-countries/

inoki247:
Onward, HB Pencil, Big Biro and Eleganza the only tools wey dey sell back den....

LegendHero:
https://punchng.com/dangote-bill-gates-to-meet-tinubu-monday/

KwuoteYourFada:
aptly said.


I pity this generation of Yorubas I swear they're missing it completely.


Emifiele is no saint but he's not the boss of himself everything he did were from Buhari orders.


Make Una dey hail rubbis you people did worse during Buhari early days all na lamba Las Las



All this one he's doing is just initial gragra show of of force by next year we go know how everything
go be


My own is if someone is treated bad na you hail the oppressor today tomorrow it will go round

oyebanji44:
Nonsense..

The only disavantages therein are the same problem that has eluded us for so long ." inflation and unemployment." ...

But with this statement coming from Reno l think Nigerians can now hope for something better..

Reno's statement below..


But you, as a citizen, will gain because the money previously used to defend the Naira will now instead be used to pay Nigerians a living wage, build infrastructure, and service the proposed student loans, amongst other things..


Reno Omokri | Twitter
https://twitter.com/renoomokri/status/1669632741460017153?t=sMRxbfOan24R5FTyg9Afag&s=19[/quote]You have made a good point, at the bolded is unnecessary. Nothing in this world has advantage without a disadvantage. In fact, you just listed 2 disadvantages yourself.

Just commenting on Reno does not mean I disagree with him on this policy




We learn every day.

BATified23:
When the Central Bank of Nigeria used to set the value of the Naira and defend that value by artificially pumping Dollars into the market, you, as an ordinary citizen, did not benefit. It was another girl subsidy. But this time, the subsidy recipients were importers and people who wanted to ferry money out of Nigeria.

Last year, the CBN was projected to have spent $8 billion to defend the naira's value artificially. The year before, it spent almost $ billion. That is more than what Nigeria spends on infrastructure annually. And that money just flies out of our economy, benefiting traders and foreign investors rather than manufacturers.

It dissuaded local manufacturing of made in Nigeria goods and services because it almost guaranteed that imports would be cheaper. That is why Aliko Dangote had to close his tomato paste factory in Kano because Peter Obi could always import and sell cheaper, substandard tomato paste.

All that will gradually end with the floating of the Naira. Our reserves will no longer be used to defend the Naira. Those who wish to take Dollars, Pounds, Euros and Yuan out of the country can look for it where they can legally find it. Anywhere except the Central Bank of Nigeria.

Our reserves will be used to defend local production instead of foreign consumption. The price of goods in Peter Obi's Next Cash and Carry will rise because they are almost 100% imported.

The price of locally manufactured goods, like Innoson Vehicles, and Dangote Tomato paste, will also rise, but not at the same rate as imported goods will increase.

But you, as a citizen, will gain because the money previously used to defend the Naira will now instead be used to pay Nigerians a living wage, build infrastructure, and service the proposed student loans, amongst other things.

It is a win-win scenario. That is why nobody who loves Nigeria should attack this patriotic policy that all major Presidential candidates, except Rabiu Musa Kwankwaso, promised to implement.

Source:
Reno Omokri | Twitter
https://twitter.com/renoomokri/status/1669632741460017153?t=sMRxbfOan24R5FTyg9Afag&s=19[/quote]Hmmm, the advantages. Mr Omokiri didn't remember to give us the few disadvantages.

On a side note, I think President Tinubu by now should have recognized all these attention seeking from Reno before the thing go turn to hatred again.



We learn every day.

franchasofficia:
A good start for now.


But guess where the problem is?


CBN doesn't have enough dollar to meet Nigerians' usd demand, remember we are an import dependent country.


What it means is that Nigeria doesn't earn enough FX through export to meet up with the dollar demand of Nigerians, which means many Nigerians will be going to Aboki for dollar and Aboki will be determining the rate based on demand of dollar for the day, and this will definitely lead to uncontrolled crash of Naira value against USD.



I commend Tinubu for this good dollar floating policy, but it would have been better done after putting certain things in place to ensure CBN earns or have enough dollar to supply to all banks to sell to Nigerians.



One of those things that would earn us more FX and also reduce our FX outflow is putting our local refineries in working condition and leasing them out to private entities to run for Nigeria to reduce importation of petrol which gulps most of our FX. While fixing the national refineries, Dangote's refinery will also be ready and both combined would solve our importation of petrol which consumes majority of Nigeria's FX.

LegendHero:
Source: https://www.vanguardngr.com/2023/06/breaking-president-tinubu-signs-students-loan-bill/

Mindlog:
Going by antecedent, repayment will be very low as Nigeria do not have the structures to make it sustainable.

cenaman:
Why is he not reading from the script?