₦airaland Forum

erniok:
You obviously read me wrong. I meant my stance that they already know about POF but since it brings the mullah to their economy, they turned a blind eye to it.

I did not misconstrue your statement. It is not because it "brings in mullah" they know about it but they cannot prove it. If they are able to prove that your POF is fake, your Visa will be rejected accompanied with a ban.

erniok:
Then it can fly. If you are in the POF industry, you will understand my position.

I have a thorough knowledge of banking and have provided advisory services to banks on cross-border payments and remittances, transaction banking services and settlement systems

Unclebayo:
If its Oyinbo that bring the innovation, most of them will run after it like a cock,but we don’t value our own

There is nothing like innovation here, we are leaving fossil fuels behind any forward thing innovation Should be on clean energy. He should start thinking about creating a hybrid between electric and solar powered vehicles. That's the future. Switching to CNG due to cost is ridiculous what if petrol Prices crashes tomorrow? You will switch again?

erniok:
They can. Canada for example, if there's lump sum without narration and your relation to the sender of funds is in doubt, it's red flag. UK is being lenient because of education tourism.

what if the inflow was properly narrated and the source well explained?

Rilwayne001:
Aside footballers, only few % of workers earn up to 20k monthly.

A large percentage don’t earn up to £5k monthly.

5k a month in the UK, is a whole lot, the first car I bought in the UK was a used Mercedes for 2,900 my rent was 1k a month, my feeding and all other utilities including insurance etc back then was 500pounds. Now imagine working and your monthly salary can get you a good car your rent and all your bills with about 600pounds to spare monthly....that is a good pay

erniok:
If you think they don't know already, you are deceiving yourself. They know about POF but turned a blind eye to it.

They did not turn a blind eye, they cannot prove the money is not yours.

Felix6:
You no nothing about the discussion.
You are far from reality on this. I was closely involved in the industry for good number of years and know exactly what plays there.
The filt and corruption involved with foreign contractors and their local collaborators can trigger a civil unrest.

At which point were you involved? Advisory? Financing? Legal & tendering? Construction management? or loan restructuring? Do you know how long it takes to repay a 10km by the government? This is not in open public but let me educate you, why did JB back-out from the construction of Dangote's refinery after having its fingers burnt severely? I will like to know the role you played in the industry.

princeFAD:
It is really interesting that EU put indiscriminate sanctions on Russia to collapse its economy. But rather than Russia’s economy collapsing, it is going in positive direction and improving while EU countries keep entering recession

You are not getting the clearer pictures, the Russians that will suffer the effect of Putin's war are the younger generations. Just like today's Nigerian graduates, things didn't go bad overnight, it is a slow and gradual process. Russia has the capacity to be the greatest nation on earth. They have both human (intellectuals), and natural resources yet they fall behind countries like Italy ( a congregation of island) in terms of GDP per capital.

Felix6:
It's very disappointing seeing situations like this. After producing millions of engineering graduates we still rely on foreign artisans to construct our Roads. Most of these so called expatriates will not be given a contract for a dog pen in their countries, as they lack the requiste knowledge to do so. Reason our infrastructures failed before commissioning.
The so called developed countries make use of young engineers, technicians craftsmen etc in a locality to build every single road in that area. And they are being supervised by the council. Here in Nigeria, councils have been buried. Inviting foreigners for Road construction is a monumental fraud. What stops the States government from purchasing latest construction equipments, or even manufacture them here. It must not be totally high tech yet but atleast something that can hold its own here. Engage the locals and see wonders within short period, with less money spent; and of course institutions must be brutally strengthen to check corrupt supervisors and every other persons in the society. Anyone that still patronised foreign contractors for road construction is a criminal.

That's not true, construction costs a lot of money and government do not pay on time, our Nigerian banks can't survive under such stress, but these Chinese companies can because they get funded from their home countries and can spread payments over a very long period

andyanders:
The officials that gave out the contract, want to get their own cut in dollars, just like NFF does. Corruption by polliticians. That is just their reasons for getting the white guys to handle the jobs.

That's not true, construction costs a lot of money and government do not pay on time, our Nigerian banks can't survive under such stress, but these Chinese companies can because they get funded from their home countries and can spread payments over a very long period

DEBJOCH1:
FOR THOSE OF YOU CONDENMING THOSE CHINESE AND INDIANS ENGINEERS OR CONSTRUCTION WORKERS, I WILL ADVISE YOU TO CONDEMN THEM NO MORE. THEY GIVE YOU WANT YOU WANT UNLIKE OUR NIGERIAN BROTHER'S WHO AFTER TELLING THEM WHAT YOU WANT THEY WILL CUT CONNERS TO GIVE YOU WHAT THEY THINK YOU WANT.

I WILL RATHER PREFER TO GIVE A CONSTRUCTION WORK TO A BENINOIS AND A TOGOLESE THAN GIVE IT TO A NIGERIAN ENGINEER. IF YOU KNOW YOU KNOW.

That's not true, construction costs a lot of money and government do not pay on time, our Nigerian banks can't survive under such stress, but these Chinese companies can because they get funded from their home countries and can spread payments over a very long period

lomprico:
So who's fault is it?

Firstly you have a very poor economy, who is in charge of growing the economy? The government!

Rossikk:
This is not a good enough reason.

Give the contract to local firms and SCRUTINIZE THEM, AND WARN THEM of deadly consequences to their chairman and his staff if any investigation uncovers substandard construction.

By the time you jail or execute one CEO for sabotage, the rest will take note.

That's not true, construction costs a lot of money and government do not pay on time, our Nigerian banks can't survive under such stress, but these Chinese companies can because they get funded from their home countries and can spread payments over a very long period

blesdman:
It is so appalling our civil engineers no Sabi enforce good work

That's not true, construction costs a lot of money and government do not pay on time, our Nigerian banks can't survive under such stress, but these Chinese companies can because they get funded from their home countries and can spread payments over a very long period

lomprico:
If Dem give am your brother he go pour mud for the road and say he work don finish.

That's not true, construction costs a lot of money and government do not pay on time, our Nigerian banks can't survive under such stress, but these Chinese companies can because they get funded from their home countries and can spread payments over a very long period

inoki247:
Lol when our own people are using substandard materials and cutting corners....


Ordinary house go Check out any new Federal housing estate built by our people and see how shaky the house are and check the old housing estates built by this white....

don't say what you know nothing about. It is all about funding

Nwodosis:
It is still a win win for the Landlord. The Landlord will simply tell her to fix the apartment the way she met it and collect her caution fees. Na now she buy market that may take her to prison for malicious damage.
There is no way you will park into a house and the house will remain the same when you are parking out. What of the wear and tear on the house fittings like the doors, tiles, wardrobe, wall paints etc
Are they not damages? How do you quantity such damages?

Tenant is not supposed to pay for wear and tear. Tenant is only responsible for damage

SoNature:
The inferiority complex of the black man is shocking.

Let me establish some facts here:

1. Apart from black Africans, no culture swallows food without chewing it.

2. Our forefathers who taught us how to eat swallow saw spoons and still preferred to use hands.

Therefore, nobody should tell anyone to use cutleries to eat swallow because those you even try to impress don't even know that the food is unique to you.

We should be bold enough to export our culture to the West; don't come here and infiltrate our culture with that nonsense.

If you want to use cutleries to eat swallow, good! But the culturally approved standard of eating swallow (which is only unique to black people) is bare hands!

while I appreciate your response, eating with your bare hand is a crude way of living.

This may lead to another European war

darediamond:
Britain will Never allow that!

Royal house of England own SHELL DIRECTLY.

There friends owns Cheveron, TEXACO etc.
Nigeria is still being colonized.

It is not ordinary that Nigeria Refinery Got DESTROYED and made remained so. It is a DELIBRATE thing orchestrated By BRITAIN via there foot soldiers in and outside Nigeria.

This is further energized by Devaluation of Naira which they always encourage our Wicked Polithiefcians to do always.

The only antiodate to this network of wickedness is to use your Naira to Buy Dollars at lower rate from the Banks in and outside Nigeria and sell it Back to Naira at Black Market Rate. This is what everyone should be doing in Nigeria now instead of Japaing UNREASONABLY and UNNECESSARILY.

The Bank Cards of Access, UBA, PROVIDUS, PAGA, SPARKLE, FIRST BANK, STANDARD CHARTERED, Zenith Bank, Alat By Wema, Wema Bank Card itself etc can all be used to buy Dollars at lower rate and sell it at higher rate through: Skrill, Payoneer, Binance Gift Card etc.

The Banks are in Business to make money, and they do get there dollar from C.B.N who actually get the dollar from sales of Crude Oil activities of Nigeria.

This reveals that there is 3 types of Forex Rates in Nigeria namely: C B.N Rate, Commercial Bank Rates (Official) and Black Market Rate (Parallel).

Even if you have Japa, you can still go into this by learning how to use bank transfer and bank cards.

Before you Japa if you want to, make sure you open Dom and savings account with all the C.B.N licenced banks in Nigeria so that you can easily lock into this Antiodate to the Arficial Inflation Created By The Ruling Class in Nigeria in connection with International Monetary Fund I.M.F.

May we never be Slave for the rest of our lives ooo.

Stop gaslighting people that is not how it works.

oyichi:
sell those refineries and give licenses for more modular refineries and in six months, the dollar will be on its knees, we will be exporting finished products and racking in the dollar on daily basis, very foolish president and his stupid cabinets

it is not as simple as that, Modular refinery do not produce PMS

Resetinc:
Gmail is useless, even a primary school pupil can hack your gmail account 😂

is it the Gmail with a 2 factor authentication or a different one?

EazyMoh:
A daughter is nothing less than a son. She should also inherit a part of her father.
Ok what if you only have female children? Your legacy then becomes terminated?

Now let me answer you as sincerely as possible. You see, culture is from time immemorial. Inherited properties cannot be given to females and there is a reason. If I acquire wealth, I can buy my daughters choice houses in their name. But I cannot give them an inherited property because it will be a great disservice to my sisters who should be first in line before my daughters and so it should have gotten to my aunties instead of my sisters. You see? If you have all female children, your inherited properties goes to your nephew or your brother. While the property you acquire yourself can go to your wife or daughters. Remember after your demise no one can touch the inheritance until after the passing of your spouse and your daughters all married

JaskanFactor:
At a time petrol cars are no longer being manufactured worldwide, and the value of used petrol cars is falling through the floor globally, at such time refinery is about as useful as amala arriving on dinner table after the soup is finished.

Such is the way the Europeans that own Africa always ensure its a backward place. They will make sure Julius Berger of Germany is the only one able to build bridges in Nigeria, until the very day that only flying cars are being manufactured, then they will enable Nigerians to build their own bridges.

Petrol as an important forex generating commodity is dead. And so is the petrol car , atleast from a business/financial perspective.

The European owners of the world are running very fast to dead anything to do with petrol or diesel, that is why they are allowing Nigerians to build refinery now.

I can only estimate they will turn Nigeria into a global medical hub for people, when there are only robots left in the world.

When your enemy runs your country, they always make sure to bolt the door after the horse has bailed.

CBN and Nigerian economy is doomed cause they deliberately made the country too reliant on oil for forex.
For the last 2 decades the Europeans that own the world have been transitioning Saudi Arabia to high tech economy, but in 2023 they allow dangote to build oil refinery in Nigeria.

while your analysis is futuristic, demand for fossil fuels won't just disappear. The UK granted over 100 oil drilling licenses 2 months ago or so. Hence drilling in the north sea of Scotland is imminent

uniquetechng:
if the CBN has experience in monetary policies we wouldn't be where we are today.

Our FX problems are beyond Monterey policy and price stability

Ikaeniyan0:
Nah me dey waste my time on a dumbo like you

when you can no longer hold at the center, you resolve to tantrums, I know quite well that this forum is good at that. I was only waiting for you to get to this stage before calling it a day. Thanks for the banter and arguments differing opinions should create animosity, I trust we catch up on some other issues. Have a good day

Ikaeniyan0:
What's my business with all this things you dey talk abeg? Every Nigerian know what you're talking about, is not a secret and I don't understand why you're telling me.

Go and look at my first comment you quoted and tell me the correlationn it has with this your comment.

Now let me refresh your memory again cause you seem to just be arguing out of point.

Once the refineries start working in Nigeria next year, it will relieve pressure on the naira because the dollars will stay in Nigeria instead of going to refiners in Europe, North/South America and Asia.

This is my humble opinion in bold. How what you're now saying have a correlation with my point of why I disagree with the article is what I don't understand yet.

As a senior strategy analyst, I am telling you that it will not, until all the local demand is met and we still have extra for export and we inject those export proceeds into our legal FX market, the pressure on the naira will not ease. Know this and Know peace ✌️

Ikaeniyan0:
You're extremely dumber than I thought

Damgote a private business man is doing his business and remitting his returns as the law stipulates should make me happy? Like he dashed CBN the money? or the money will end up in my pocket or what? Is GLO not also remitting from their foreign operations what about the banks? I don't even understand your stupidity 😭

Ikaeniyan0:
You that do not know billions of dollars we spend on Importing refined crude petroleum will stay in Nigeria dey talk say make person consult you

Common sense no even let you know Dangote do repatriate millions of dollars into Nigeria covers yearly till I cure you from your dumbness

In more than a decade it was just last Month that NNPC Ltd decided to buy in cash, which we are still observing after remitting Zero to the National coffers last year. We have doing crude swap and even at that NNPC is still owing traders over $3bn. You can quote what I have said anywhere and if anyone comes out to argue, I have my facts figures handy.

Ikaeniyan0:
If I go through your posts, I won't be shock you're an IPOBdient

Well, am glad I have prove how the refineries operating in Nigeria next year will lead to less pressure on the naira.

Whatever being an obedient is to you is your prerogative. Economic policies is not between FG and Obedients, rather it is between our market economy and market forces. Less I forget one Obedient was made an SA recently, while during the past administration I had written papers on Macroeconomics and Fiscal policies to both the ministry of Finance and CBN. Rather than consult with me or engage in my proposal what CBN did was to offer me a job, at one CBN branch in Umuahia, , not everyone is looking for crumbs. My loyalty is to the Federal Republic and not to the Executive

Ikaeniyan0:
It seems you're an IPOBdient, nah una go always find every stupid reasons to downgrade Nigeria.

I proved to you dollars made from Dangote refinery will stay in Nigeria, instead of you to be grateful, you have started another round of wailing foolishly.

We're talking about A, you're talking about B

To be grateful for what exactly? You seem to be dumb? Dangote brought in dollars over how many periods, how consistent was it? Patriotism doesn't make me stupid. I have benefited from Nigeria far from what you can ever get. It doesn't make me to stop questioning inefficient and ineffective policies. If you think constructive criticism is painful then that's is for you to worry about. During my secondary school days in Lagos, my Jets club won several gifts from LASG and I got laptop computers when I was 14 when Pentium 2 was over 300k. I cannot even count cash prizes and other gifts to free scholarships. You cannot tell me about patriotism. You are just one Nobody on a faceless forum jingling about a sensational headline