₦airaland Forum

Lizzysamuel:
You clowns talk as if Naira is the only currency traded on these exchanges.

How old are you ?

What is Nigerias business with which other currencies are traded?

Our concern is the currency pair that includes the Naira, so that traders stop speculating with the value of the Naira.

emkz:
Yemi Cardoso, if you are reading this, there is one thing you are missing.

Most of the attempts to curb the naira slide are missing a key component.

WHY EXACTLY DOES THR CBN SELL DOLLARS TO THE PUBLIC THROUGH BDCS? All the dollars you put into the system, what have they been used for? Who bought them?

The last I checked, only those travelling out of the country need fx for PTA/BTA, importers, businesses who need to repatriate profits, and those who need to pay school fees abroad. Now, you have been selling fx to BDCs to sell to the public. This doesn't make sense.

It seems politicians are the same set of persons mopping up fx.

You must track all fx sales. The only people who need physical fx are those needing PTA/BTA, and even that can be done electronically.

Cardi B, whilst carrying out measures like delighting naira from Binance or Kucoin, STOP THE PRACTICE OF SELLING FX TO THE PUBLIC.

THEY DON'T NEED IT.

Please loud it for Cardi B before he loses his place to Doja Cat.

Lizzysamuel:
Was P2P not there when naira was 420?

That's the question. Please answer

Is it not existing systems that are later exploited for the gain of some over the stability that benefits all?

The problem with Nigerians like yourself is the belief that it is your right to have access to things that ultimately sabotage the economy of your country.

Do whatever need to be done to reclaim control.

Pay no head to enemies of the state shedding crocodile tears.

For the good of the commonwealth is better than the good of 1.

It is the ban on domiciliary accounts and any form of currency exchange outside of the banking system that I am looking forward to.

It is not a must to have a forex domiciliary account to receive international remittances.

You receive it into your local account as incoming credit that you can choose to leave as it is for future international transfers within a define period before taxes begin to apply, or further process it into the local bank balance as the Naira equivalent.

With this system, no local remittance of forex can be allowed into the banking system. This automatically kills all forms of buying and selling and hoarding of forex that is locally sourced.

Banters aside, what are the state government agencies doing to prevent the illegal sales and encroachment?

Is it only years after the landed property has passed from one hand to another, then they suddenly become awake to their responsibilities?

Or they only come alive when the state government is ready to use such land or restore the town planning master plan?

It is a known fact that those civil servants who work with the respective states ministry or agency related to Lands or Town Planning, secure all the useful lands for themselves and their cronies?

The stench and corruption in those places, will make God show mercy to Sodom and Gomorrah.

Hahahahaha!

We don drag the tribal bigot like expired Tiger generator.

She don comport herself and now using her logic instead of tribal emotions.

Let that same pen sign off on great policies that will be the legacy of the Sanwo-Olu administration.

seunmsg:
US, UK and other western countries run a sustainable credit financing system. So, why do you think we won’t be able to sustain our own?

More like this implementation is not sustainable.

Akin to a politician donating a 19th century borehole in the 21st century.

It is either the policy advisers are not better exposed to think better, or we do not yet have the financial framework and infrastructures to implement such a system, so we are only trying to force it through.

There is time to do it well, no need to rush and fail.

I'm not particularly impressed with the guidelines for how this credit scheme will operate.

The relevant government institutions including the CBN, should simply work out a system where sellers and buyers of goods and services, do not need to pay fully upfront before a transaction/exchange can be completed. And the instrument for such transaction is a credit card.

So this should start with salary earners.

The banks should start issuing credit cards and allow for either one time credit payment at the point of sale which the card holder then offset his accrued invoices at a specified date of every month, or structured monthly payments that is configured at the 1st point sale which the card holder then offset that monthly partial invoice at the specified date every month.

Any other system is just unnessary inefficiency.

Keep raiding, but prosecute and jail also.

Only foolish countries allow their citizens to hold a forex bank account within the local banking system, not to talk of allowing markets for forex trading in every nook and cranny of the country as though it is a food store.

What will it cost the government to shut down domiciliary bank accounts and any form of forex exchange outside of the banks and airports?

When your type were saying Tinubu must run and be disgraced, you think say the biggest political wizard of our time will not win his election?

Goodvibes007:
He returned to his vomit like a dog LMAO.

When we said Obi is a desperate fellow, they said we are talking nonsense.

Even Obi dey wonder how he managed to get a lot of foolish people to his bandwagon.

SoNature:
If Peter Obi likes, he should collaborate with criminals to get there. People will judge him based on what he did when he got there, not who helped him to get there.

With the way politicians alter election results and get away with it, only APC and PDP have the structure to protect people's votes.

Hahahahaha!

Una don dey humble ooo

LOVEALAIGBO:
I understand Sowores’ sentiments, but he’s not being pragmatic!

Then you mean Obi was not pragmatic when he made that assertion previously?

So Obi needs the structures of criminality to succeed?

What am I even saying?

Was he not begging Wike for such criminal structures?

Reno has already advised both Atiku and his boy, Obi.

Political prostitutes eventually become perennial losing candidates.

Atiku and Obi political body count just dey grow without achieving the most sought after job that Tinubu landed on his very first attempt.

Adaisback:
Sowore go and sleep, you know nothing

You mean he does not know Obi and Atiku are desperate political prostitutes?

My sister, he knows ooo.

We all know.

emkz:
Breaking News: Peter Obi reacts to the award of Phase 2 of the Lagos-Calabar Coastal Superhighway at a cost of 1.6 trillion naira. Condemns Tinubu administration for waste...

Details soon when he predictably condemns some of these decisions.

Tinubu has released assignment for Peter Obi.

He will submit it by tomorrow.

Great information.

I see many new roads and rehabilitations to be done.

Inspired by the 1970s era, the government envisions a future where ordinary Nigerians can access 25-year mortgages at low-interest rates to realise their dream of owning a home. By collaborating with private institutional investors, the government seeks to replicate past successes and address current challenges effectively.

If Tinubu can get it right with housing mortgages and the financial credit system for consumer purchases, that will be a great legacy.

Fake life will lead to real jail.

AllenSpencer:
76 years of occupation. 🤣🤣🤣

Exactly!

This country that it's first 8 Prime Ministers were either born in Poland or Germany or some other location except the Palestine region where they came to as settlers and refugees.

Now the Arabs that own the land are at the mercy of a land grabing refugee tribe.

YorubaNiBaba:
Sanwo olu should start killing those godforsaken bastards and send their remains to their land

Abeg be calming down.

E never reach Rwanda situation.

Dem bad no mean say dem be bastard.

They were apprehended while developing Lagos.

Well, they were warned to invest in Lagos at their own peril.

Ofunaofu:
You are already jittery and fidgeting because you know so well that that combo will give Tinubu a political knockout punch.

So you will actually vote that ticket after all the "we want a new nigeria" mantra?

A ticket that has "Atiku" as presidential candidate?

Chai!

Politics of hypocrisy

Slizzords:
See this one way never Comot for him village for ogbomoso dey talk

Because you are a riff-raff, you think all those you interact with on this forum are like you?

Apart from Ojukwu, the rest are just riff raff terrorists.

He has to beg since he is desperate.

Goodvibes007:
Yes. GTB is owned by a Yoruba man hence the demolition. Why do they hate us the Yoruba so much.

They are envious and do not want us to develop Enugu.

A country struggling with political stability cannot afford a leader who also struggles with his own mental and political stability.

Sadly, in Nigeria, to leave your party in Presidential politics is to live in pity as a perennial candidate!

Chai!

Truth is bitter.

Jesuuuuuu!

I remember when this used to be about N900k.

Is Reno indirectly calling Atiku and Obi political, prostitutes who can never make it to the Presidency?