iwaeda:
First-year inflation rates of different administrations since 1999



https:///thecableindex/status/1794984170113880224?t

the math is confusing the way it is laid out here.

dustydee:
Good news. This means imports have reduced?

better framed as 'international trade has reduced'

Kukutente23:
Wow. Is Nigeria starting to owe international investors again?

nah

Letters of credit are guarantees provided by banks to big importers or other international business concerns. Basically it signals that your banks are not only strong enough to fund whatever the level of transaction the letter authorises, but also speaks to the strength of the businesses that use them, cos logically no sensible bank would guarantee a business that they are not certain can repay.

So what this report means is a cumulative depiction of how banks cannot foot the bills of much of the transactions in recent times esp when converted to FX equivalent, and also depicts that most businesses have stopped international trade/imports.

All life will taste death.

But I still get deep satisfaction when I read of these bastards esp when they die abroad in the foreign hospitals with the world class healthcare and all the amassed stolen wealth.

May you rot in the deepest part of hell biatch!

dbestuncle:
Your calculation of surd is wrong

ok

Kukutente23:
Don't be surprised these clowns will come back and tell us Nigeria's economy is $1trn and Asiwaju has fulfilled his promise

Lagos will also become $500bn and second largest in Africa

Zombies will then start dancing on empty stomach

Ojowu already told them to thread softly on the propaganda but will they listen?

they can't cover this one up...not because the criminals do not desire to lie and deceive as usual, but I'm guessing because this will likely be vetted by external bodies.
The most they can theoretically do is change methodology like what they did with unemployment figures, but even in that case you, I and everyone else with a sane mind knows it was just a clownish circus show, as Nigeria is known world over and quoted on the known levels of poverty and unemployment.

Paraman:
Nigeria might take over as the number one largest economy in Africa again after the rebasing is done

Bitter people in the mud

not surprised you would say that...

Going by your history showing a very very poor grasp of logic and mathematics, much less economics.

Afi largest economy of Africa naa

🤣🤣🤣🤣

DeAnonymousGuy:
X=?
√? =?
Assuming? = π
Then √π =√22/7
Multiply both sides by the coefficient of π
X=22/7*22/7
X = 484/49
Using Graham's paralegal logic
X= 8/ 4
So therefore
X= 2

dis guy sef🤣🤣🤣🤣🤣

thesolutions:

I have disgraced my school.

lol. Na just slip up, no biggie.

thesolutions:
✓× + ✓× =✓8
2✓× =4
✓× =4/2
✓× =2
(✓×)² =2²
× =4

Who is making it difficult?

√8 is not 4. That is the mistake in your math.

Another simple way is to do it is solve from the answer
√8 is √4 x √2 meaning 2√2
And you know 2√2 certainly means √2 + √2

The end.

Hezzyluv:


But

root x + root x =2root x

Abi?

yes 2√x but it doesn't end there
You further simplify the surd 2√2 but raising both 2 and √2 to power 2, giving you 2x2 which is 4 and √2×√2 which is 2, all in square root, giving you √8

Punch √8 on a calc and note the figure, then do 2 multiplied by the value of √2, you'll see you will get the same answer/figure for both.

This na elementary surds na
X = 2

√2 + √2 = 2√2 = √(2² x 2) = √8.

Lol

This shiiiit-faced fuuuuckkker just comfortably used the term 'potential investments'🤣🤣🤣

Omo na to dey use this term at AGM, management meetings, and shareholder meetings o. Tell the boss(es) every month for a whole year about 'potential sales'. Tell them every month from January to December that even though you have not sold anything, you have potential sales that will swallow/fulfill your annual target/budget.

Promotion sure pa based on this coon's logic

Awon asinwin!

Really?? So, he inherited the decision to float the naira and remove subsidy at the same time? I know subsidy was penned to go before he came, and I no even mind, but floatation isonu yi nko?

Was that inherited too?

helinues:
Price of things don't remain same for years globally

and this folks is why we advice you to ignore individuals like this when they tell you to not save or hold your wealth in stable currencies eg the USD. They simply mostly just don't know what they are saying 99% of the time, and are only interested in making you what Yoruba's call 'da bi mo se da'.

In countries with stable currencies, prices of goods and services aside maybe real estate do not swing wildly even over 10-20 years. When a currency is stable, its store of value is stable and consequently prices are stable. Naira is a fickle currency and that explains why it swings wildly even in a mere 24hours.

2014 Honda Accord in 2014
2024 Honda Accord in 2024.

Did it swing in 10 years? Absolutely not. It stayed well within range.

Pay attention to the prices of a gallon of milk from 1995 to date. It didn't swing beyond a range of 2.5-4, since 1995!!!!! Let that sink in folks.

Rather unfortunate that Nigeria is bedeviled with a population with more of the quality of the person I quoted, wildly ignorant, uneducated and unenlightened... which explains why we are where we are.

Knowledge is power, truly.

SemperFid:
Omo this UK thing de fear me oo.

I really one comot Nigeria aswear but the thing don harddd.

I know person that was affected by the Teeside thing and he was give a deadline to return to naija. He say he rather die there than return and he is planning to run to northern Ireland and seek aasylum.

Nawaoo

I know this is the 'update' most naija crew are sharing and planning, but unfortunately common sense dictates that it's dead on arrival. Claiming asylum in Ireland from the UK? On what basis? War or persecution....


Lmao

We must admit that the op is evidently not of sound mind.

Smh

Na so o.

At least now, they can say they got rice and wrapper from the 2023 elections.

Hurray!

fullclub:

That's for main applicant.. Called study visa... If u combine dependant u wil get close to twice that number.

what is the source of your graph? Show the source let's see na. I showed mine and it cannot be refuted. Nigeria didn't even get up to 60k visas at any time between 2018 to 2023 while China and India got between 100-140k several times between 2018-2023. That's home office stats right up there, and that is the fact.

Which is why after the sliding tackle home office gave student visas by stopping dependent, and despite that most Nigerians have stayed away due to that, admissions only dropped by 5%.

Too much noise and ado about nothing.

fullclub:


Dont hate ur Nigerian people.
The Naira devaluation caused a lot of issues.
People (mostly 2 years program) planned their expenses at 560. Even large percentage of September intake got their admission, CAS before naira devaluation But now exchange rate is 1900.

Even me self I say kpatakpata if I no fit push am I go sell my land clear fee. But by the time I sold the land 6 million last year December, changed the money I got less than 3500 pounds on a normal exchange rate May I fit get 10k pounds. This was land I placed on sell May

Everyone has a peculiar story that unless u put ur leg in such shoes u won't really understand.

it is not hate. It is just the way it is. All this story no concern the school. Why are you not getting that? Of course I remember you, your thread and your case. I commented and was one of those who offered encouragement, but the fact remains the school is not a charity and didn't offer those people scholarships. Nothing concerns them with Nigeria's hopeless situation caused by hopeless evil leaders. They wanted their money, and these students couldn't pay up when it was due, and now the repercussions have happened. EOD

After deliberately thwarting his extradition to the US to answer for his crimes, you are now supposedly granting him bail so he can disappear into the sunset....that is if he was ever in detention in the first instance.

Anyway, whatever...

fullclub:

What I wrote up there is a statement from my lecturer. He said the naira devaluation today is a reflection of the financial crisis rocking UK universities.

My school today is giving 5k to Nigerians just to accept their offer. Some school are doing whatever stuff they can to get Nigerians.

U know why Nigeria is an important mrkt to them from ages.
So let's not underestimate Nigerian power.

China and India has over 1 billion population each compared to Nigeria with 200k yet we are pulling such string in edu

again bro, why are the Indians, Chinese, Ghanaian and all the other international students at Teeside not protesting, and ONLY Nigerians are?

I don't know where you copied that graph from but I have attached a graph from .gov.uk source below, and you can see that at best we are a very very distant number 3.

See all this one no even matter, as no be main issue. The main issue is we don't have two heads or any special status in this instance. If fees had been paid before the deadlines, they wouldn't have issues. They have issues cos fees were not paid. Nothing concerns the uni with one country's/students woes.

fullclub:


Doing Nigerian a favour or Nigeria doing them a favour?

How many British go to uni compared to Nigeria?
How many are able to pay 20k for MSC?

due to the drop of Nigerian students most universities are not able to sustain most departments.

bro, pls correct that misinformation, just in case you are serious. The facts have been out since last year bro.

International students are sustaining the universities, not Nigerians. Nigerians are a small sub-set of those international students! The only negative reason we got recognition by home-office is that despite that the Nigerian student numbers are smaller than the rest of international students, we ended up bringing in more dependents than almost all the other intl student dependent numbers combined!

Why aren't the Chinese protesting or the Indians, or even freaking Ghanaians or all the international students from various countries not protesting at Teeside? See why I say they are being a nuisance?

The Nigerian maladministration and also the 'risk factor' that most if not all of them indulged in, caught up with them. It is painful yea, but they should take their L and re-strategize and not this stoopid protest.

You can't decide terms for the university or expect special treatment because unfortunately you have useless leaders back home that fuckkkkked things up for you. Fact is, it is none of the university's concern...and this protest will achieve nothing but even cause problems for others in the future. Maybe when Nigerians get blacklisted from applying for student visas in many of their universities people will understand.

ReesheesuKnack:


Some of them are not helping matters.

Saying he travels to work for 18 hours to pay up his remaining school is a No-No!

Reason: The home office granted him a visa when he showed evidence of PoF, kept for 28 days.

What happened with the funds meant for school fees?

I wish the guy had based his argument on the sorry state of Tinululation of the Naira, instead of this his ‘I’m working 18 hours to pay my fees’ argument.

If the UK was serious about these kind of things, they could use the Belgium or German models of ‘blocked funds’. But we all know they will not.

eggzactly! On this one, I agree with you 💯..pathetic and annoying! and I ain't sorry to say it.

When they (Home office) change the rules and adopt block accounts like Germany now, or even outrightly blacklist Nigerians
from student visas, everybody eye go clear. Even then, Nigerians will still yammer cos na birthright apparently

Quick question, do these people think Nigerians are the only international students? Why in the hell do you think/assume that the university will bend over backwards for you cos you are from Nigeria and your useless leaders are doing what they know how to do best? Awon ko lo koba yin now. The Nigerian maladministration and also the 'risk factor' that most if not all of them indulged in, caught up with them. It is painful, but they should take their L and re-strategize and not this stoopid protest.

We be making too much noise, as usual. Meanwhile, fact is una no rish

Shior.

heykims:
This came in today.
Nigerian students protesting in Teesside University.

pathetic and annoying! and I ain't sorry to say it.

When they (Home office) change the rules and adopt block accounts like Germany now, or even outrightly blacklist Nigerians
from student visas, everybody eye go clear. Even then, Nigerians will still yammer cos na birthright apparently

Quick question, do these people think Nigerians are the only international students? Why in the hell do you think/assume that the university will bend over backwards for you cos you are from Nigeria and your useless leaders are doing what they know how to do best? Awon ko lo koba yin na.

We be making too much noise, as usual. Meanwhile, fact is una no rish

Shior.

casualobserver:


Inflation is relative. When Nigerias inflation was 14-17% for example, the west had an average inflation of 2%. Now it is about 3% in the west and to them it is a big deal enough to derail their economies. For us 3% is paradise because we have never had 3% inflation in my life time and I am no spring chicken. During Nigeria’s best economic boom since 1999 our lowest inflation rate was 7.8%. Western economies will collapse if their inflation gets to 6%….it almost did when it recently got to 5% which is the battle they have been fighting for 3 years and still have not succeeded (they are still @3%). Their target is 2%. In the US inflation is 3%, car sales have fallen, house sales have fallen, basic food items have skyrocketed. And this is just 3% inflation. We have 33% inflation but a growing economy, yet the US @ 3% inflation is tethering on the edge of stagflation…..assuming you know what that means!


They are a debt economy, we are a cash economy. In the west just 1% change in inflation can be the difference between a man losing his house and having his car repossessed. It is not so In Nigeria because we pay cash for every thing. Interest rates and inflation work differently in Nigeria and the west. So they are not like for like.

Therefore Mr wannabe Ignoramus economist, I suggest If you don’t understand economics do not comment on matters of economics just because you can pull up figures from the internet. You have to have understanding of the figures. This is not a beer parlour matter, you need to understand the meaning of the figures you are quoting and you clearly do not.

3% inflation is enough for Americans to cut down on basics like milk.

of course you deferred to worthless shalaye..all of a sudden it remembers Einstein's theory of relativity..smh

Evidently, I have more neural activity in my left testicle, than you do in your entire brain, despite being a spring chicken.

I have pointed out what I needed to, and have no interest in engaging you any further, due to paragraph 2 above.

Carry on...

casualobserver:


Most dull and unenlightened citizens. All the major western countries and central bank governors have been battling inflation since 2021, it is still not under control. Cardozo is not even 1 yr in office.

normal normal I have been reading your lies and distortions, but this one irked me so bad that I had to break my code of engaging with certain types of elements like you on here. Just to puncture your lie, and for others to learn, kindly show us inflation rates of these countries you mentioned that have been battling inflation of just a measly 20% not even our current 34% since 2021.


I already explained all in my thread
https://www.nairaland.com/8017949/way-nigeria-people-govt-got
, esp how I told all who cared to listen that Cardunce-o is at best an australopithecus in a suit...and it feels good to know that I have been vindicated.

I have added the inflation rates for 4 countries, warring Ukraine included as of today

True that

Take a survey of people who had their accounts compromised and money stolen, 99% of the cases/funds stolen went into palmpay accounts first.

Lol.

This is getting interestico.

When cost of capital now stands at 27%, meaning lenders will charge between 32-35%, SMEs which are the productive sector don begin dey die be that na. When cost of capital alone has taken 35%, and other costs never even enter...meaning they either go public to raise equity, raise prices and pass the costs over to their goods/services, or just leave the game. Based on history, we can safely narrow it down to the last two options.

Nigeria, the conundrum.🤣🤣🤣

Crucialgem:
It's delusional to always think price in 2015 will remain the same in 2024 where does thaz happen in the world

lol..in countries with stable currencies.

And this folks is the reason why WE save our money in a foreign and stable currency. Until the govt gets their shit together, anybody castigating you for HODL dollars is just an unfortunate person wey wan turn you to what we Yoruba call 'da bi mo se da'🤣🤣🤣

2014 Accord price in 2014
2024 Accord price in 2024

No significant difference

Check 2004 accord price in 2004, it will still be within same range

Lol

Deadline number 4

Wankerrrrss!