₦airaland Forum

mekus15:
I stumbled upon Ubunja's miseducations only recently and honestly, they have really been of great help to me. I wish I had read them many years ago. I really long to see more from him, but noticed that he's not been posting such recently. I just hope he's fine.

compwizard3:
Yes.. I can Unlock it Remotely

Location is not A Barrier

Price: 3500

Emeskhalifa:
THE CURRENCY SITUATION: A MUST READ

1). So many Nigerians have stacked Naira notes in their closets and are cut up with this policy of the CBN. There is a rush by ignorant Nigerians to convert their Naira to Dollars. Naira is at all time low against dollar and it's going to go even lower. For example a man converts #10m to 12,500 USD at the current exchange rate. It's easier to keep it with himself than to deposit in a Domiciliary account with a DMB because of the stringent policies around FX cash deposits. He hopes that by December when the new Nigeria is floated, he'd have his FX converted back to Naira from the Aboki guys he bought his USD from.

2)The Aboki man who sold FX to his customers at exorbitant rate excitedly goes to the DMB to deposit the millions of Naira he got the the FX swap he did. He knows he is getting richer in geometric proportion by this new policy by the CBN. He awaits the printing of the new Naira notes so as to reconvert the Naira he has in his account today USD and continue making more money.


3). All customers who deposited their Naira notes, those depositing and those who would be depositing are eagerly waiting for December 15. The DMBs are also waiting for the said date. Meanwhile there is a cashless policy waiting to hit all Nigerians by January 2023. On December 15th, customers would rush to the DMBs for new notes so as to withdraw as much as they can before January when the cashless policy would be effected 100%. The DMBS would rush to the central bank branches to withdraw new notes. The branches would go to the H/O for new notes. H/O would release just a little to branches based on cash management policies. CBN Branches would release in trinkets to DMB branches and tell them to go manage their customers. DMBs would revert back to their customers based on the low available new cash notes. There would be slight panicking as customers who deposited old naira notes cannot retrieve same notes from the DMBs anymore because of unavailability. Remember, digital money and paper money is still money and so customers would be advised to use electronic channels to make payments.

4) The Aboki guy who kept millions of Naira is also a victim of the shortage of new notes and so he cannot buy back FX from his customers who were hoping to return the ones the got earlier ones the new notes are in place. Aboki begins to panick as well. Those who have FX and need naira notes begin to sell their FX to people who have naira whether old or new just to cash in before January. In doing so, USD begins to crash as rapidly as it rose. Much of the FX becomes deposited in DMBs as carrying the raw cash isn't useful anymore. The CBN is happy because there is more FX in the banking system to give for Forms A, M and Q. Naira begins to gain rapidly against the dollar.

5). In January, cashless policy takes effect. So even if the CBN makes available more new notes to DMBs, customers cannot withdraw above the stipulated across-the-counter limit to avoid heavy charges. Customers are forced to use electronic payments, FX policy and transfer and withdrawal is so stiff that swapping FX and Naira is no more a gain. USD parallel and black market prices crash all the way down to CBN rate. Inflation based on importation of goods and services is checked as Naira becomes strong against dollar. People who have physical dollars would lose. There would be limited access to naira notes as electronic transfers become prevalent. Enaira purchases also become more as Nigerians look for most seamless methods to do payments. By June, whoever takes over power would have a soft landing as this policy by the CBN has controlled a whole lot of inflation, corruption and economic degradation.

6). If you have Naira notes stashed with you, return them back to the bank through your account. Don't try to play smart trying to beat the system, you may become the architect of your own loss. Your 12,500 USD may fall from #10,000,000 to #5,000,000 in June, 2023. Meanwhile if you put same #10,000,000 in Treasury Bills at the current 14.5%, you should be gaining about #725,000 at the same period.

Let's try and look at the bright side of things, Nigeria shall be great by God's grace.

Alexxx2000:
It's a long story but I will try to abridge it.

My mom raised I and my brother of 5yrs old single-handedly. There's a separation in the family so we're shuffling the deck. She's an hairstylist with meagre wages.

My dad was never part of the family. They both separated because of infidelity and harsh treatment. Since then, my dad, I guess erased our memories from his life.

I must confess, she's trying but the bills is weighing her down. My little brother was to start school last year but we couldn't pay for fees but after saving, we decided to put him in a cheap school close to the house.

first of all do you have any access to your dad...if yes you might want to hear both sides of the story...single mothers (most) are very bitter women

Now, my mom want to stop us from bearing my father's name. She mandated me to change mine as well to her own dad's name.

now why is she adamant that you should that and not her...has she lost the road to her in-laws place because i am sure they are aware of the existence of you and your brother



Yesterday when I returned from the Pos attendant job I do, she brought the topic again and she said, nothing is holding her back on her decision.

Is she right for taking such decision? What will you advise me to do please?

festacman:
You lied about Abike Dabiri's performance as NTA reporter. She was the star of the NTA in her years. Go and verify.

Unyimekelvin:
I need someone to say something about this before I commit suicide please

megaxart:
If the total value of your order is over $20 (or $50 in some banks) you won't be able to use your card to make the purchase due to the monthly limit of 20USD. To bypass this you can use a virtual dollar card on platforms like chipper. I made my account and verified it on Saturday in a couple of hours and made a purchase with it today. It was pretty smooth. The only issue is their rate, it's pretty high at N710/$1 but they do have a 5% payback program on purchases.

udede:
YES i have been married for about 10 years and my wife is in his early 30s. She doesn't want kids but I want them,and we have non. She refuses every medical test and diagnosis with flimsy excuses.

I need a second wife as soon as possible, some one that love kids and want to have them, I'm a Christian and an Igbo from Anambra but my denomination dosent oppose polygamy (polygny)

lonelydora:
As a man, the moment you raise your hand against a woman, you cease to be a man.

But, women can run their mouth sha.

dammodee911:
Recently installed a 5.5kwh Smk hybrid on and off grid inverter system coupled with 4 units of 12v 200ah blue carbon lithium ion lifepo4 batteries and 8 450watts mono solar panels. Everything seems fine, but the only downside is that my 9kva firman 12990esr generator can’t seem to charge it. So far only the solar and Nepa light have been able to charge it. But with the raining season on full mode and epileptic power supply, I really need the generator option. My installer said my generator frequency isn’t enough, this is a generator that comfortably powers my 3hp inverter standing AC and 1.5hp inverter AC. What can I do pls?

ProudlyNGN:
Why don't you go and report him by yourself to the nearest efcc? Do we look like your messenger?

Channah1:
Poured palm oil in a pot on low heat and added panla fish, onions, crushed garlic and some Maggi crayfish cubes. stir-fried and covered until the aroma was popping.

I then added the chopped tomatoes and fresh pepper with some dry ground pepper for extra spice. Covered it to dry the liquid.

When the tomatoes was done, I added fresh ugu leaves stired and brought it down immediately.

Served with hot white rice. Uuu... This tastes so great!

Join me.