₦airaland Forum

Every country defend their floated currency once in a while, if you re familiar with the forex market what you should say is so soon. The US, UK EU All do it.

mrvitalis:
U want to defend floated naira? Lmao

Hw did what he said hatred. Did Tinubu not do what he said ?? Or u re not in Nigeria when it happens?? . Criticism is not hatred. Hatred is when you wish someone harm or rejoice in evil.

Praktikals:
I hope you have the energy to carry on this hatred for the next 8 years

There is nothing like killing two birds with one stone, and which money is he saving?? What happened to the hospital in Aso Rock. Is this how the country will be good. He should send a representative if he is serious and want respect. Imagine the US sending a deputy ass secretary of state to visit our President. Africa leaders should get sense. Send ur representative and govern your country. Leave outside visit for your foreign minister. But we already know the visit is not about summit but his health.

ppogba:
That noise of medical.check up seems not to be loud enough from people like you.

At least, you are not denying that there is a summit in France.

If he decides to see his doctors over there, it more like killing two birds with one stone.

It saves Nigeria some money.

You will be well las las.

Lol 😂 😂 😂 and just two weeks is going out for medical checkup saying is summit. We are not children. We just pray this is the last one. Let him be strong.

plaindealer:
For the first time in our history we are experiencing the true meaning of governance, President Asiwaju will set a new and the highest bar for future Nigerian presidents..

Igala man will not bear Ikechukwu as name.

FreeStuffsNG:
Awesome! He is an ex-Boy and a Mathematician like the IG too. Very interesting.

Going by his place of origin in the profile then it's true that he is ethnically Igala but from the Igbo-dominated South East
https://m.facebook.com/story.php?story_fbid=pfbid0SCBeksajmNmyGTUJSmMmq5Jpm17kxXuRJdzdaKdTckNj1mMVDRrue1kS65bvM8WKl&id=109837710777439

I find it very interesting to know this Igala group exists in such prominent number with prominent people in the South East yet hardly are they mentioned or identified as Igala. So Igala are this many in Nigeria? This is their own time to rise as I expect them to get more appiontments from this administration so they can break free from the suppression by the other tribe(s) in South East.

Congratulations to you sir. Congratulations to the Igala. Congrats to the South East.
God bless Nigeria for ever!

The ones that have, have thy save us from Boko Haram??

updatechange:
No security expert architectural background

My brother people no d accept for better for worse again oooo. Thy have even changed the marriage vows to for better for best. Funny enough we know the reality in life is not for better for best. People don't want to accept reality especially this new faith church, affirmation, manifestation and get it. But like you say we are fallen being in a fallen state.

Racoon:
What example are they setting for their church members or the body of Christ? This is what Chris Okotie did. Now Oyakhilome have follow suit. Is there any relationship that is perfect?

Based on your thinking, it means there won't be any meaningful marriage relationship in the world because marriage is all about 2 imperfect people agreeing to live together.I am married man. So I know what I am talking about.

They Bible advised they stay apart if they must do so in order to reconcile any difference, but divorce is an absolute No! Marriage is for better for worst, good or bad, success or failure.

Which government, so your government tell you to go and born plenty children, marry plenty wives
. People should control the number of children thy should have, it will help to reduce poverty.

Digital204:
Do you want to earn massive income in digital publishing and secure your financial future and say goodbye to poverty for life?

If so, then make sure you buy this best selling book below and check my signature right now for the book link to buy it right now to start earning good money. This is the best book you need to make money this year and beyond. Get it right now.
........

Hw is he going to do that when the woman has the president backing. This work is not easy has it seem oooo.

ican2020:
Bawa was a complete disgrace to the majority of Nigerians who expected him to use his youthfulness proficiently by bringing to justice biggest thieves in the land like the former minister of disaster who spent billions feeding schools children who are on holiday during Covid 19 and many others

Wow.. Which chatgpt app is this??

pkota:
I tried to check for simplier meaning. This is what it means below


Foreign Exchange Market Changes


User
Please explain the below to a ten year old. OPERATIONAL CHANGES TO THE FOREIGN EXCHANGE MARKET

The Central Bank of Nigeria (CBN) wishes to inform all authorized dealers and the general public of the following immediate changes to operations in the Nigerian Foreign Exchange (FX) Market:

• Abolishment of segmentation_ All segments are now collapsed into the Investors and Exporters (I&E) window Applications for medicals. school fees. BTA/PTA, and SMEs would continue to be processed through deposit money banks

• Re-introduction of the "Willing Buyer, Willing Seller model at the I&E Window. Operations in this window shall be guided by the extant circular on the establishment of the window, dated 21 April 2017 and referenced FMD/DIR/CIR/GEN/08/007. All eligible transactions are permitted to access foreign exchange at this window

• The operational rate for all government-related transactions shall be the weighted average rate of the preceding day's executed transactions at the I&E window, calculated to two (2) decimal places

• Proscription of trading limits on oversold FX positions with permission to hedge short positions with OTC futures. Limits on overbought positions shall be zero.


• Re-introduction of order-based two-way quotes, with bid-ask spread of Ni. All transactions shall be cleared by a Central Counter Party (CCP). • Reintroduction of Order Book to ensure transparency of orders and seamless execution of trades.

• The operational hours of trades shall be from 9am to 4pm, Nigeria time

• Cessation of RT200 Rebate Scheme and the Naira4Dollar Remittance Scheme, with effect from 30 June 2023.

Further guidance on these matters shall be communicated in due course All market participants and the general public are kindly enjoined to abide by these rules.

Ange a re-Ejernbi, PhD Director, Financial Markets

ChatGPT
Imagine you have a collection of different toys, and you want to exchange some of your toys with other kids who have toys you like. The Central Bank of Nigeria is like the organizer of this toy exchange. They have made some changes to how this toy exchange works, and I'll explain them to you.

First, they used to have different sections or groups for trading toys, but now they have combined everything into one big group called the Investors and Exporters (I&E) window. This means that everyone who wants to trade toys will do it in this one place.

Second, they have a new way of deciding how much one toy is worth compared to another. It's called the "Willing Buyer, Willing Seller" model. This means that the price of toys will be determined by how much someone is willing to pay for a toy and how much someone else is willing to sell it for. This helps to make sure that the prices are fair.

Third, when the government needs to exchange their toys, they will use the average price from the previous day's trades in the I&E window. They will calculate this average to two decimal places, which means they will be very precise.

Fourth, they have some new rules about how much toys people can have if they have too many or too few. If someone has too many toys and it's causing a problem, they won't be allowed to have any more. If someone doesn't have enough toys, they can use a special contract called OTC futures to protect themselves from losing more toys.

Fifth, they are bringing back a way to show how much people are willing to buy or sell their toys for. It's called the Order Book, and it helps everyone see the prices people are asking for their toys. Also, all the trades will be cleared by a special group called the Central Counter Party (CCP), which makes sure everything is done correctly.

Sixth, they have specific hours when people can trade toys. It will be from 9 in the morning to 4 in the afternoon, based on Nigeria's time.

Seventh, there are two programs that are going to stop. One is called the RT200 Rebate Scheme, which gave some benefits to people who exchanged toys. The other is called the Naira4Dollar Remittance Scheme, which had some special rules for exchanging toys when people sent money from other countries.

These changes are important for everyone who wants to trade toys, and it's essential for them to follow these new rules. The Central Bank of Nigeria will give more information about these changes later on.





User
Please upgrade it for a 15 year old

ChatGPT
Sure! Let's upgrade the explanation for a 15-year-old:

Imagine you're part of a big marketplace where people trade different currencies, just like in a market where you can exchange money from one country to another. The Central Bank of Nigeria is like the manager of this marketplace, and they've made some changes to how things work. I'll explain it to you in simpler terms.

First, they used to have different sections for trading different types of currencies, but now they have combined everything into one main section called the Investors and Exporters (I&E) window. So, all the currency trading will happen in this one place.

Second, they have a new way of determining the exchange rate between currencies. It's called the "Willing Buyer, Willing Seller" model. This means that the value of one currency compared to another will be based on what someone is willing to pay to buy that currency and what someone else is willing to sell it for. This helps to ensure fairness in the exchange rates.

Third, when the government needs to exchange currencies, they will use the average exchange rate from the previous day's trades in the I&E window. They will calculate this average with two decimal places to be more precise.

Fourth, they have some new rules regarding how much currency people can have if they have too much or too little. If someone has too much currency and it's causing a problem, they won't be allowed to have any more. On the other hand, if someone doesn't have enough currency, they can use a special contract called OTC futures to protect themselves from losing more currency.

Fifth, they are reintroducing a system that shows how much people are willing to buy or sell currencies for. It's called the Order Book, which displays the prices people are asking for their currencies. Additionally, all trades will be verified and cleared by a special group called the Central Counter Party (CCP) to ensure proper execution.

Sixth, they have specific trading hours when people can exchange currencies. It will be from 9 in the morning to 4 in the afternoon, based on Nigeria's local time.

Seventh, two programs will be discontinued. The first is the RT200 Rebate Scheme, which provided certain benefits to individuals exchanging currencies. The second is the Naira4Dollar Remittance Scheme, which had specific rules for currency exchange when people sent money from other countries.

These changes are important for everyone involved in currency trading, and it's crucial to follow these new rules. The Central Bank of Nigeria will provide further guidance on these changes in the future.




Send a message.

It simply currency floating, supply and demand, market force. The central bank will not interfere and business will be done within 9am to 4pm. Though I prefer 8am to 5pm.

Crucialgem:
I swear majority of us don't understand this thing but I sha use scope carry am say e go be good thing

Yari has northern back up, look at the speaker election, nobody oppose him(the speaker) . The North wants to have everything.

Penguin2:
The truth is that Tinubu didn’t even do what I was afraid he’d do.

I was already waiting for when Yari would be arrested.

Or alternatively, opposition members will be surreptitiously locked out until election of principal officers is over. But he didn’t do it.

But I guess it’s because he knew that Yari was not acting alone. He had some powerful northern backers and Tinubu and his camp knew. That’s why it was difficult to take him out.

All these na cook up stories, Emefiele only crime is currency change which I feel he did put many Nigerians into hardship, causes harm to the system but he was following an order from above.The NISRAL u can't blame him I know many Nigerians who took that NISRAL loan and I believe thy will never pay back, never. . Let Tinubu probe Buhari and his government officials I believe many Nigerians will like him for that. Not some selected scapegoat.

Most of the Northern didn't vote for Godswill. How did Yari have 46 votes, the answer is the North.

richidinho:
I can bet my last kobo, dude did not vote for Akpabio

Who lifted the ban on crypto?? I love you to if it has been lifted cryto change my life.. My family God thanks for the help. Nonsense Buhari come from nowhere to ban it. Crytocurrency change many people story in this country

mariovito:
These guys just like to set us back.

First you ban crypto, how did you expect them to get your so called license?

Anyway, now that the ban on crypto has been lifted, I believe Binance will do the needful and regularize their position.

CBN governor sponsoring ESN this is laughable honestly. No nigerian like Emefiele but thy should come out with better charges. All the things Emefiele did was bcs of Buhari. By now the former minister of Aviation should have been arrested for that plane scandal or scamming. This is just witch hunt

U nail it all. Igbos re not beating anyone, the property thy own re paid for. Chinese citizens re restricted to buy land in national security area bcs of some of them have link to their government at home, thy re sponsor to buy lands to govt property so thy can steal intelligence secret but some one above is calling a Nigerian a foreigner in his own country. So me I don't just understand the idea of one Nigeria.

gidgiddy:
If every ethnic group were to enact laws to protect themselves and their lands from outsiders, then where is this "one Nigeria" people keep talking about?

Does one Nigeria stop at the entrance to my village and begin at the exit?

Reno Omokiri is talking about indigenous rights in America and Canada, has he ever heard of anyone saying 'one America' or 'one Canada'? They dont say that because no such thing exists, their unity is based give and take

But it is only in Nigeria that people will be shouting 'one Nigeria' from morning till night but will be angry when you call Lagos no mans land. One Nigeria means that we all own the land

But you shout 'one Nigeria' and tell me the land belongs to you? If you own your land and I own my land, then let us agree that 'one Nigeria' is a fraud


The hypocrisy in Nigeria is higher than Mount Everest

He contribute, I'm not saying he didn't deserve his wages . But the formal Barcelona president didn't know how to negotiate. but not just him all the players during his era have expensive contract. This happened to juventus when Ronaldo went there juventus couldn't handle his wages. So wages is an issue. that is why Uefa was talking about salary cap.and until now thy can't even meet half of his wage demand even when he accepted wage cut. Barcelona have money issues. The only reason real madrid escape small thy refused Ronaldo demand of almost same salary has Messi. And he went to juventus.

Slynation:
So indirectly, you are saying Messi was the cause of Barcelona's financial woes...Messi was too expensive for the second most valuable club in the world?? Nothing wey Sly no-go read for sosho media...!!

Buy a player is different from wage payment, most payment are in installments. I made a comment on this forum that Messi didn't need to go back to Barcelona again, bcs of his energy levels compare to when he was young. My friend money contribute to this game woo Barcelona pays Messi 75 millions euro every year. One of the reasons Barcelona re in the situation thy re now. And once one player money is big others players will make big demands too. Now I'm not saying he doesn't deserve that amounts. But he was expensive for Barcelona,and thy suffer 4 it.

Slynation:
Did you read/watch Messi's interview?? Please do and get acquainted.

Even if I'm Messi, I won't return to Barca, I have paid my dues already. How the fvck you didn't register me due to financial fair play only to sign that fraud called Ferran Torres for £55million after few weeks.

One thing he said that was utmost true was the fact that he said "he didn't want players leaving FCB against their wish just because they want to sign him" and there were too many unfounded blame games going on among Barcelona veteran stars already, more reason Pique forcefully retired, same reason Busquets and Alba left this season.

Is all about money ooooo the reason he can't go back to Barcelona is money. Psg offer is not that big because of Uefa rule, he wants to earn more than Mbappe. But is shocking why he turned down Saudis considering thy re same with the MLS. So na him know the best thing dat suit him. Bcs 400 million a year is a one time opportunity, Saudi Arabia didn't have Income tax return, so is 400 million will be 400, Success to him.

Mide70:
Sincerely I love what he did , money is good but money is not everything , imagine turning down a whopping 400million dollars per year from Saudi ahhhh. It shows he cherish His career than money. He wants to play where he will be free and enjoy his life . I may be wrong but he choose right . Some are saying why will he turn down such money. Hmmmm all is not about money , so many players have gone for money and you never hear about them again . They just went down the lane

Messi of the pass is not Messi again. I think Barcelona is doing a big mistake, for two seasons in psg Messi scores 35 goals. In the world cup if you watch all his games, he was technically walking in the field no tackle from him. Same thing in the psg team, in the champions league he was just walking in the field. Let them allow Messi to go and enjoy he has released too energy in his youth. Messi era is over in Barcelona.

slawomir:
Damnnn niggar

I will be the happiest person on earth if this happen

Lets torment the world again

If you are a niggar and you can't recall how Barcelona and Messi used to torment the world then you are not a real niggarrr

The little boy from Rosario, Argentina. On behalf of every little boy wearing his shirt… Messi on a million backs.

Grab my weed and some bottles to celebrate...

The best form of protection any lady can have during dating is to say no to pre sex. I think you have a point. Dating is a way for man to have sex. Nothing more. Imagine you date 10 boys u sleep with 10 boys. I like ur style if you can keep ur body.

Wordsfrombimpe:
Double Date Sis

This is a bitter men

Double Date don't be loyal to one man

Go and read it. If you re a true Nigerian. Is one of the Best article I have read from punch newspaper. Is on point everything. Is the summary of the good and bad of the 9th NASS.in terms of political appointment and loan acquiring by the Buhari Administration the 9th Nass no do well at all. It was bad.

HacheNoire:
Whoever read the novel should please summarize in two sentences

Keep quiet. Even Peter Obi that I supported plan to remove subsidy. so what is your point??

Zonefree:
So, we're now in a situation where a true Nigerian is missing Buhari? Like, Buhari of all people?


The bitter truth remains, Tinubu got no good plans for Nigeria. Egbon just want to answer Mr president at the detriment of over 200 million Nigerians.

The evil we've been avoiding is now upon us.

Dollar just crash against the naria #715 let them implement this policy quick, it should be #500. Let them put it at 500. That is the way further.

E shock me oooo my brother

baralatie:
And he dey treat himself for hbp ooo

Abi oooo the story is bullish.

canalily:
When some people write about some important topics they won't post them to front page, but call it this kind topic you see them hitting front page after 2 seconds they were created....🥺🥺🥺😏😏

Story story. I no the believe this kind story. A whole week you can't do one round with your wife. But you are horse rider or dragon rider for outside. U re only impotent for ur wife side. Hmmmmmmm

Earlier story on NAIRALAND a man reject his son millions of money he won playing bet. I think this is what the wise father saw. Greed kills

This is not even needed, once Tinubu take office he automatically become GCFR. so I don't know what Buhari is doing. He just upside-down man. I pray Tinubu do better.

Calm down, Trump lose New York in his first term . Election have many things under. Obi or any one should not expect the court to rule otherwise. Tinubu is the president. We just have to wait for another 4 years

slawomir:
Damnnn niggar

Tinubu was never accepted by Nigerians
He was rejected completely....

The warey that claimed osun origin ...but lost osun... osun rejected hime ...a ten year old can not lose their origin during election..even me a keyboard warrior, drunkard, weed smoker, gambler and pussy banger that got no business in politics can not lose uhunmwode local government area of Edo sate during election because that is my origin

Now he claims lagos and father of lagos still he lose lagos during election..lagosian rejected him

Abuja way Apc and he people dey still he lose there also