₦airaland Forum

Besuccesful:
Is there no way they can stop this aboki selling naira on the street? Do we actually need them? Why can't only banks be selling dollar to people that need it?

the abokis are not the problem, the elites are the problem of Nigeria . ... all those times Naira was appreciate what some of the elite class were looking for is another loophole to counter CBN

According to the news som people mop up the dollar from the parallel market and deposit it into there domiciliary account to resell to banks at higher rates.

Govt have the domiciliary accounts fully, as long as a parallel currency is allowed to operate the saboteurs will always find a way around CBN policies to strengthen the naira

Ishilove:
I understand your point. What i mean is any kind of lifestyle that will make my parents ashamed is a no no for me because they did not raise me that way. If they did not raise me to smoke and drink, then I have no business doing so. Even if I want to explore, let it end with exploration and not allow it become a habit.

The smoke and drink you consider bad, is relative to people and locality, however oro e ye mii

i almost concluded you must be boring, its good "exploration somehow exist in your dictionary" smh

Ishilove:
There is something seriously wrong with a lifestyle you can't live with your parent's knowledge. You are the problem, not them

Thats not true, if you are raised in these very culture land, you will have so much respect for your parent that you won't do certain things in there front ..

I don't ever remember having sex with any girl in my fathers house,
even though i drink alot i have never sat in front of my mom to drink alcohol or smoke shishaa

i consider it disrespectful ... just a personal conviction

cococandy:
I’m a mature old lady now.

It’s only young girls that get offended by sexual slurs because they don’t understand yet that these dudes [b]literally have nothing else they can say to them except some form of slut shaming or sexual slur. [/b]Nothing else!

i know coco will pop here, what women do how is it any different, broke shaming & dick shaming are they short of slurs ...

just when you thought you are pointing a finger, four might just be smirking back at you no gender innocent

Sixvice:
Thank you for providing this crucial information. From what I gather, DSTV's SuperSport remains the top choice despite being pricier. The alternative TV brand, while cheaper, appears less reliable. One concern with DSTV is its tendency to raise service rates and charges.

I understand that with the rising costs of acquiring TV broadcast rights and copyrights, especially considering the fluctuating currency exchange rates. This could justify DSTV's need to adjust their prices accordingly. However, finding alternatives to SuperSport or DSTV in general might not be fruitful, as many other TV companies struggle to match their reliability and quality. While cheaper options exist, they may lack the same level of reliability and quality. Ultimately, the goal is to watch sports content affordably. For some, watching matches on mobile devices might suffice, but others prefer the high-definition experience on larger screens. It's essential to weigh the cost against the quality and reliability offered by different options. Thank you for sharing your thoughts and insights.

The major selling point of DSTV is "football match" majorly premiership football thats where they have Nigerians held by the jugular, But with the present age and time ONLINE streaming is as proven to be the best Alternative

I stopped subscribing to Dstv this year, Fuel price is back breaking and Nepa have retired to there worst behaviour ..

i watch free to air channels on Nitel sat & hotbird, although the advert & church intermissions can be irritating But the movies content are worst, lastest hollywood, bollywood and nollywood( english film) are worth the time. Mbc 2, action, nd max no dey dull me movies, mbc 3 shows cartoon for kids

As for football matches if i must watch at home, i stream live with better HD experience and mirror it to my TV

it crazy paying so much for Dstv only to end up buying meat pie to get fuel at exorbitant rate just to enjoy the subscription. haba !

Efuaye:
Buying her meatpie is far better than paying 1,500 as bribe to buy 25,000 worth of fuel yesterday!
At least the meatpie is mine and of economic value but the 1500 was a loss.

Forcing people to buy what they don'r crave or need is a Loss itself.

besides what makes you think the meat pie is meat pie ... with the cost of meat e sure naa potato pie not getting value for ur money sef naa lost

Nigerians need to learn to unite at rejecting maltreatment, even if you can afford it lets consider others nd demand for whats right

Haynnie:
It's quite disturbing to see how people in Nigeria tolerate bad behavior from others, even when it's unethical. Imagine, a petrol station attendant recently told customers that they must buy meat pies if they want to get fuel. Despite this being a clear example of exploitation, the customers still bought the pies and the fuel.

Sadly, this is a common thing in Nigeria. People complain about bad behavior, but they still support it by continuing to patronize the business. They do this because it's easier to stay with what they know, rather than take the time and effort to find another petrol station that might offer better prices.

But why don't people come together to protest against such practices? It's possible that they've become so accustomed to suffering that they don't know how to demand better treatment. This is a worrying trend that needs to change.

Bro you have answered yourself, Nigerians lack UNITY as a people,
Where you are blowing grammar and fighting for the right thing, someone will drive in, give you a condescending look cos he feels you are poor that why you are shouting... before you know it you are swept to one side and people just take whatever dished at them

When you concern the cost of fighting for justice sometimes you realize, join dem if you can't beat dem is more of an economical words than wisdom

sonnie10:
I can help fix the machine but that problem is that it is obsolete and parts might not be available.
When these people buy such equipment, they should never pay in full. Instead they should lease from the manufacturer. Siemens, GE, Philips and Konica are all good brands.
An agreement of sales and service should be reached to reduce downtime.
This is a money spinner but most investors in Nigeria are only interested in hotel business.
A quick maths will give you an idea of the business aspect
Take for instance, at 100k per exam for easy 20 exams in a day is #2M
An equipment lease of 20 % interest rate of $150k ( equipment cost and installing) is just $30k. Divine this by 12 month you have $2500 a month
This amount is achievable in any teaching hospital MRI department in Nigeria.
And they will have newer, well maintained machine.
Lack of information and exposure to international market / investors is the problem in these respect.
In case they need my help and service I am available.

Bro, fund is not the problem as they do always make us believe, the reasons why those machine are either not available or well maintain is just Corruption.

I remember my conversation with one CMD then on how to upgrade the hospital, ... when i talk finish he looked at me nd smile, he said : do you think i don't know all those things you said

Meaning our leaders know what to do, they won't just do it for selfish reasons

LagosFirstSon:
It can only be in Ibadan

That's why the people from there lay claim to owning Lagos because there state not functioning

mumu, no person from ibadan as succeed in occupying the executive sit of Lagos ...

there is no real yoruba nor inferior yoruba, Yorubas are one, that why any yoruba can claim owning Lagos, we don't mind

[quote author=Babastrong post=129679505][/quote]i meant, try speak with a lawyer for best approach

Natbrowny:
After plenty observation.

The West selling the baby mama culture to women but condemning polygamy is something i will never understand!

Future has 8 baby mamas
Nick Canon has 6 baby mamas

but polygamy is evil according to the WEST!

But those two you mentioned are black men with africa root ... white represent westernize

retry make your point using "white "

Babastrong:
Pls how can i ideal with this forced charcoal association as an individual.
they've been troubling and disturbing my business because of my refusal to join them.

Try seek legal counsel

folake4u:
Don't skip your medicine today.

have they discharge you

folake4u:
E be like say bomb dey your head.

did i blow your mind .. r.i.p

folake4u:
I'd like to have lunch with Jezebel. That woman was powerful.

The option here is Esther, I'd also like to have a chat with her.

weytin yu dey find go sokoto dey ur shokoto ..

there is nothing you need ask jezebel that poco can't answer offhead

blueAgent:
Jargon...

Who stock more dollar and used it to buy his way into power than your god and Messiah, Tinubu?

Who send you to define jargons

Devil1Messenger:
Lolz
This one understand nothing.

The brewery u guys said it is next to nothing, every shops in SS and SE sells it products.
But have u seen eko rice or lake rice b4?

Sense is far from all agbado supporters

That you have not seen lake rice does not mean some people are not eating it as we speak ... i don buy Eko rice well well, chop am wella, infact i will rate it A+ it matches foreign rice
Point of correction Hero beer is not state owned, peter obi used state funds to buy shares in sabmiller brewery ...

i for show you bags of eko rice i just finished, pictures not loading

tctrills:
No need to continue this discussion. Have fun

educating you was fun

tctrills:
So you know the dollar is the most sort after currency in the world so why did you write all those nonsense in the first place if your goal was not to deceive?
It's not like you have any proof that Nigerians seek the dollar more then people from other countries but let's say you are right, are their currencies as unstable as ours? Is it wise to save in an unstable currency?
Please stop blaming Nigerians. Your government has turned your currency to shit yet you don't want the people to seek out alternatives. I think it's evil of you to intentionally advise people to invest in a dying currency.
When your government fixes the naira, no would would need to be told to invest in Naira.
One more thing, buying to hoard dollar is done for the very same reason people buy US bonds. It's done because you trust the dollar and the US economy. And it's both a savings and an investment. It's a much better way to protect your savings that leaving it as Naira.
Are you saying that you prefer Nigerians to buy dollar bonds rather than hoarding dollar? Would this have a different impact on the economy?

Don't patronize me bro ! i asked you very simple question that could have thrown more light into whatever the arguement is about

Whether america is the most sorted currency in the world or not, Buying dollar to hoard or resell is not the same as Buying security bonds.

Now you said the should 1st fix the naira,
simple analog.. if i am cleaning up the house and my children are following behind with mud in their hands rubbing it on the floor & walls won't it be a endless cycle But imagine as i am cleaning my children join with mopper to wipe behind me .. common sense

You can never see a chinese, british or japanese buying dollar to keep at home or resell ... these is an indication Nigerians are sick

tctrills:
You have a reading problem. These countries are the greatest buyers of dollars. Japan does not have a trade surplus.
The UK has a trade deficit yet it holds over 700 billion of US securities.
Your education has a long way to go.
I sent you a link that shows you countries buying US bonds.
What do you think it means to buy US bond if not converting your currency to dollars or do you think US bonds are sold in Naira?
Here is the report on Japan's trade deficit yet it is the biggest holder of US bonds.
Really your education has a long way to go.
TOKYO (AP) — Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The deficit was 5.89 trillion yen ($38 billion) for the fiscal year that ended in March, according to Finance Ministry data released Wednesday.Apr 16, 2024

I will try to make to be as Brief as possible,

Us securities bond is among the safest investments on earth, its the most sorted currency in the world
Not just Uk, even china buy US bond as a long term investment .. emphasis on "investment"

My standing POV is, there is a disparity between what Nigerians do with dollar and what Uk/China as a country do with dollar ...

Do you agree ??

Lets be clear what the arguement it, buying to hoard dollar is not the same as buying US bonds .. True or false

banks:
Point of correction, Mohbad is not his only son, Adura is also his son. That's why it's good for you to get the facts right before just commenting. The baby's placenta was not given to baba Mohbad or to Mohbad himself, and yet you want baba Mohbad to pretend as if all is fine. Na wa for una ooo.

So becos he has another surviving son alive thats a Justification to discard sober reflection or mourning, becos he has a surviving son his a license for him to be insensitivity.

Giving him or mo bad the placenta how does that even mitigate paternity fraud ?
Out of all the victims of paternity fraud, how many were denied burying the child placenta, does it change anything

Mo bad father is only after is late son property, a father who sees the death of his son as an opportunity to CHop life of his head ..

i lost my dog of over 13yrs i know how i felt talk more of a son ... mo bad father is a disgrace to fatherhood

tctrills:
You have nothing to teach.
[url]https://www.investopedia.com/articles/investing/033115/10-countries-biggest-forex-reserves.asp#:~:text=China%20has%20by%20far%20the,total%20is%20nearly%20%244%20trillion[/url]
China alone has over a trillion dollars
https://www.statista.com/statistics/268177/countries-with-the-highest-public-debt/

The links you provided only point out the fact that these countries are great earners of dollars, China for instance is the number one country with high trade surplus which translates to more dollar in reserves

Even if your qualification is waec, i expect you know there is a disparity between Earnings in dollar vs Saving in the Dollar

Earning in dollar entails inflow of revenue from int'l trade while,
Saving in dollar entails convert local currency to dollar as store of value which as severe consequences on the economic and her currency

So i will ask one more time, are the chinese, british and japanese converting there local currency to dollar to "Save" or as Store value

James91:
Tax collector, that this president knows how to do best, he did it in Lagos, now doing it in country, tell me how this tax takes affect the citizens, only the Big Men enjoys his presidency, nothing for the poor.

He did it Lagos and where is Lagos today among the 35 remaining states in Nigeria

To a lame man, high taxation should drive away businesses and investors But are investors running out of lagos or trooping to Lagos.

Taxation is bad only from an emotional POV

RisenJoe:
😂😂😂, what's the essence of tax if the citizens bear the brunt and not the establishments or companies you are trying to tax.



You removed fuel subsidy and instead of making use of the money saved, you decided to increase taxation thereby making the suffering double.

Agbadonomics

Emotions aside, You can't use Tax levied to undermine the Benefits and Impact of a robust Revenue on an economic

its a known fact developed countries pay higher taxes, of which Nigeria is nowhere close

Increasing our Revenue is good from all sides but the only challenge is corruption & misappropriation,

tctrills:
Keep saying nonsense.
The Chinese, British and the people of Japan have more dollar savings than any other nation.
It takes a fool to save his money in an unstable currency when he can save it in dollars.
Again, the average Nigerian is not to blame for your destroyed currency, please blame the mad man you voted for not me.
It's either you are just being dishonest or you are naive and ignorant.
Let me put it this way, if you have a million dollars right now, can you honestly tell me that you will covert it and save it as Naira?
Also, ask yourself, why does the Nigerian gov save in dollars?

Can you back that up with stats/facts ... before i teach you what you don't know

Alamu5891:
you’re talking on assumptions the man is doing the right thing, why is it so hard for a woman to run a DNA ,Wunmi know quite well that the DNA will reveal a lot

DNA is needed
Tani baba baby

How is it the right thing, if Mo bad never doubted the Paternity of his child till he died why should a 3rd party make it a Life ambition.

Nothing from the father so far as reflected mourning or grieving, it so glaring these man is just after property

A man whose only son died, should be happy he as a surviving grand child to carry on his name But seems mo bad father is not having it

tctrills:
Follow the economics not what your mind is telling you.
Right now, would you change your savings dollars to naira or the other way round?

Is that what a chinese, british or American will do, over time we keep saying it here we are our very own Problem ...

Are we the only country with unstable naira ... you go about encouraging people to save there money in dollar then you jump out nd claim Govt is the problem, are you not even worst than the govt

don't you understand speculations nd demand to "hoard" is what gives the naira a free fall

Babalegba:
Obedients caused this particular problem. They kept mouthing off that Cardoso is using foreign reserves to shore up the naira. They got very loud so Cardoso had to deny which spooked the market .
Nigerians are their own worst enemies but guess what nigerians deserve all the hardship they get so naira can as well go to one million to one dollar. Retard nation

Exactly .... they spooked the market

The rate they kept challenging & tackling Cardoso gave speculators the confidence to strike again

Nigerians must rise above Obedient, these people will do anything to see Nigeria fail so they can tell us Peter Obi is the only solution.

IF peter Obi is the savior why is he not going to the cross for us4

Otulented:
Worst nation on earth

Relocate to zimbabwe 1st

Racoon:
The useless government is now tired of depleting the foreign reserves to shore up the Naira, the government have contract with floating and now the dollar is back to it earlier state. Only pray it does not get worst.

Government is not magic that can be ran based on overt lies, deceit and propaganda. Reno Omokri please open your wide mouth again to rant. FreeStuffsNG is not talking again o.

Its no longer Propaganda, now its govt is tired of depleting the reserve ... so $661m injected into the market from reserves is what will make Govt tired when we still have about $32bn in the reserves

Emiefele defended naira for 8yrs and was never tired, so why will Cardoso/Tinubu the copycat be tired ... una go just dey reason anywhere belle face