₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,329,217 members, 8,439,334 topics. Date: Sunday, 05 July 2026 at 02:43 AM

Toggle theme

Treadway's Posts

Nairaland ForumTreadway's ProfileTreadway's Posts

1 2 3 4 5 6 7 8 ... 22 23 24 25 26 27 28 29 30 (of 78 pages)

PoliticsRe: Naira Will Appreciate, Dump Your Dollars To Avoid Tears – Onanuga by Treadway: 4:35pm On Mar 21, 2024
No thanks, bro!
PoliticsRe: Key Economic Performance Of Tinubu's Nine Months Government. by Treadway: 4:21pm On Mar 21, 2024
SoNature:
Stop arguing. Economists don't consider high inflation rate as economic growth. That link I shared with you briefly explained it. There are tons of articles published by reputable sources that explain why high inflation rate doesn't mean economic growth.
lol. ok. Will leave you to it.
PoliticsRe: Key Economic Performance Of Tinubu's Nine Months Government. by Treadway: 4:14pm On Mar 21, 2024
SoNature:
Unfortunately, I don't agree with you.

What you are describing is inflation. It stands at about 30% in Nigeria now. Inflation doesn't mean GDP growth.

GDP growth is when you have 200 businesses producing goods and services worth $450 billion. Over the years, the number of businesses increased to 220 and the worth of their goods and services increased to $500.

What we have seen happen in Nigeria is that foreign companies that control the economy of the country are leaving and naira is becoming worthless. If you convert the prices of goods and services produced in naira to dollars, you notice that there was no GDP growth. Instead, the economy is dwindling.

https://www.frbsf.org/research-and-insights/publications/doctor-econ/1999/02/inflation-gdp-growth/
I have already addressed all these elements you are talking about. But in this instance the GDP figures are in Naira and the total monetary value of goods and services have increased since Thubv took over due to increase in the cost of all goods and services. It really is as simple as that.

Those companies produced and sold finished goods and services for that period...they may be in the process of leaving but they haven't left yet, so their production and income is still being captured till they are no longer a going concern

BusinessRe: Foreign Airlines Dispute CBN’s Claim Of Settled FX Backlog by Treadway: 4:09pm On Mar 21, 2024
nedekid:
When I saw the earlier post fgn had cleared the trapped fx owed to airlines, I was cautious and said to wait to hear from the airlines.
The airlines sold tickets at the then cbn rate of eg ₦440 to $1, so it was said they were owed $800m in trapped funds.
Now with the current ₦1500 to $1, gov now decides to pay them using the current rate ie their money will now be a quarter ie $266m or thereabout.
Omo, there is no way they will accept that. It's either cbn pays them their complete amount or Nigerians will continue suffering high ticket prices as the cheaper seats will not be unlocked.
Look at it this way, last year I sold you a toks 2003 corolla for 4m ($5700), $1 was ₦700 then.
You said I should give you time to pay. You now delayed to pay me for 1 year, now $1 is ₦1600. Ie ₦4m is now $2,500
You now want to pay me that same 4m for the corolla.. No be juju be dat?
you got it! So did LordAdam16 (not that I'm surprised)... I should have mentioned you in a discussion in my thread, but your moniker skipped my mind. You can check it out and share your thoughts as well
PoliticsRe: Key Economic Performance Of Tinubu's Nine Months Government. by Treadway: 3:52pm On Mar 21, 2024
SoNature:
GDP growth? When foreign companies are leaving Nigeria in their numbers?

All those green dots are still on paper; Nigérians haven't started feeling any positive impact of this government!

I always have a problem with statistics that Nigerian institutions churn out!
yes GDP growth rate can increase in this instance, despite the economic Armageddon we are facing and the reason is quite simple. So simple you'd smile😁

GDP is the total monetary value of all goods and services produced in a country for a period. Prices of everything has increased, and this includes the same goods and services that are computated to get the figure. Get it now? So in Naira it is expected that there will be 'nominal' GDP growth due to the increase in the GDP figures now compared to periods when goods and services were cheaper, but it isn't 'real' GDP growth. What's sad is in USD our GDP has plummeted so much so South Africa had largely already taken the place of the largest economy in Africa. We used to be an over $500b economy but Thubv has taken us off that seat and it ain't likely we're getting back there anytime soon.


Hope you understand.
PoliticsRe: How Nigeria, Its People, and Its Govt Got It All Wrong (29/5/26) by Treadway(op): 1:55pm On Mar 21, 2024
InvertedHammer:
/
A country of 240million subjugated by 1000 politicians, who is to blame? It means the problems go beyond the politicians. The national orientation was done in the wrong direction. Anyone born since 1980 in Nigeria has no idea of what good governance means even if shoved in his or her face. That's why they eulogize and canonize any governor that builds pedestrian bridges or pays salaries on time. Go figure!

/
na so o.

So much recklessness, shamelessness and agony, and we just keep taking it. They have truly successfully furrcked up the psyche and mental form of a lot of the Nigerian populace🤷
PoliticsRe: Labelling Some Nigerians Terrorism Sponsors Rubbish — Gumi by Treadway: 11:40am On Mar 21, 2024
helinues:
Gumi, are you a terrorist?

Terrorist sympathizer or terrorist sponsor?

Shouldn't you be happy about FG naming the evil minded people sponsoring terror in Nigeria.

Btw, why is Nestle Plc, the Corn flakes of death always missing in the list of terror sponsor.

Their terrorists have been decimated. I read in the news the other day that they are now bankrupt, why won't they
lol. I know you don't know your left from your right, so no surprises.

It is Nasco, not Nestle, and what's even more amazingly hypocritical is that the expose on the Nasco thing which you are now wrongly quoting was done by none other than the person you clowns love to castigate, David Hundeyin. Ain't that something 🤣

Ignorance truly sucks. Lol

PoliticsRe: How Nigeria, Its People, and Its Govt Got It All Wrong (29/5/26) by Treadway(op):
grandstar:
For your info, they were excluded mid 2015. The attempted "float" was in 2016.

They aren't related
oga it was floated jare. No be pikin dey here now. I dey do many business deals with FX at the time so I can easily and vividly remember. Why else did the naira dip by almost 100% at the time? No be the range of 150-180 APC meet am?

The techpoint article I sent which you are now misinterpretating, reviewed the events of the 2016 float and its aftermath and was written in 2023, seven years after. Give it a little time and we will review balablu's supposed float.

Saying there was an attempted float when ALL the dailies in 2016 (some of which I also included in my post) says otherwise, is like saying there was an attempted subsidy removal in 2015. Was subsidy not removed in 2015, YES or NO?

That they backtracked on both doesn't mean they didn't happen in the first place. No dey shift goal post, it ain't fair or cool. Has balablu not codedly backtracked on subsidy now? So i guess I can call Tinubu's subsidy removal 'pretense' and 'attempted' subsidy removal less than one year after, using your logic. Come off it jare. Talk another one cos this one no enter.

Cc Seun
nlfpmod
PoliticsRe: How Nigeria, Its People, and Its Govt Got It All Wrong (29/5/26) by Treadway(op): 8:59am On Mar 21, 2024
sukkot:
hehe my guy Treadway you made good points however I don’t play politics with the bad decisions of men. No one was born with the tag APC or PDP and besides that these guys party hop all the time, the point being all politicians are on the same side. It’s politicians vs the masses. That little game and competition they have among themselves is to keep the masses divided. If the masses are not divided then a unified mass will come for their heads. So as you can see these their competition is to keep the masses divided while they all loot and eat together in the background. If you can get to this level of outlook you will see very clearly. There is no APC DESTROYED THE COUNTRY . When you say that you have fallen for the trick 😄😄😄😄. Don’t fall for the trick bro, rise above the madness to see it for what it is
but there is a cancer called the APC in this instance.

They came, sold us a lie and we bought it. We were tired of the mismanagement of the PDP, so I and Nigerians said we wanted change. Jonathan warned/asked that is it positive change we want or negative change, but we didn't listen. I made that mistake in 2015, but others willfully made same mistake in 2019 and even 2023 after almost being killed by Buhari.

I would give an arm and a limb to go back to 2012 to warn Nigerians not to listen to the charade called the 'save Nigeria group' and occupy Nigeria geng. If only subsidy was removed then and we still let PDP continue (as corrupt, useless and evil as they were), 2024 won't be like this, cos APC has shown unequivocally that they are far more corrupt, useless and evil..a far worse evil. ApC only came to grab power, nothing more, and unfortunately any chance the people had to unite to show them who is boss failed in 2023. I don't know about you but I would gladly love to wake up and find out it has all being such a horrid dream and we're still in 2015.
PoliticsRe: How Nigeria, Its People, and Its Govt Got It All Wrong (29/5/26) by Treadway(op):
Fujiyama:
A poster above says Buhari had a 'poor intellectual background'. And the current man has what? undecided

This administration made 2 major moves: the removal of fuel subsidy and the floating of the Naira.

Today the administration has reinstated the subsidy but it has not made the exact figures public...and there's a reason for that. One of the industry players (Pinnacle oil MD/CEO) said the subsidy now runs at N1 trillion per month currently. If the manis correct, that raises the question: What was the point of subsidy removal then? undecided

Today the administration has taken at least one facility (Project Gazelle) that by the government's own admission will be used to prop up the currency. For how long will this 'intervention' be sustained...and more important, what was the point of the float in the first place then? undecided

I am no seer but I wager that before the end of this year, this administration will again go before lawmakers to ask for approval for a supplementary budget to cover these costs. When that supplementary budget is passed, the real extent of the subsidy reinstatement will be known. The forex management outcomes is a little bit trickier to predict...but I ask the experts - what happens when you run out of money for currency defence?
which is precisely why I responded to Grandstar in the words that I did. This Tinubu's supposed 'float' too will be dissected and discussed in years to come, maybe even much sooner than we think. So much is still unraveling and will still unravel. No be APC? Lol
PoliticsRe: How Nigeria, Its People, and Its Govt Got It All Wrong (29/5/26) by Treadway(op): 10:06pm On Mar 20, 2024
grandstar:
The second subheading of the article portrays the truth of the 2016 so called float

https://techpoint.africa/2023/06/16/cbn-naira-float-2016-failed/

If Buhari refused to allow the official rate to be devalued, how can there be a float to start with? A float means the currency can go up and down and value.

It was in 2017 that a second official window was allowed and the exchange rate there was market determined. That brought some sanity back into the forex market and the artificial forex scarcity ended.

As the article said "pretense of a float."
why are you whining me na?? Buhari/Emefiele floated the naira. End of.

In two years from now, we will also be dissecting and discussing if Tinubu's float was a full float, or suspended float or super imposed float. But in that year/moment just as in this year/moment the naira was floated and subsidy was removed in both instances and it made the news in both instances.

I don't want to have to be dropping screenshots of the news pages na, but I'll ask anyone to click those links, read for yourselves and conclude. This is a screenshot from the one you just talked about. It was half hearted at first in the early stages but they followed through, only to backtrack later, as with subsidy payments too... remember this particular article was a review so it gave accounts in chronological order not in real time, the other news articles were in real time.

PoliticsRe: How Nigeria, Its People, and Its Govt Got It All Wrong (29/5/26) by Treadway(op):
Cc Sukkot kukutente23 angelfrost nairalanda1 bigiyanga invertedhammer lordadam16
I copied you guys cos like Grandstar, I largely enjoy the intelligence you typically display in your posts and in my interactions with you, even tho on some things/topics/concepts we may not agree (which is normal).

Phew this is gonna be a long one. Ok let me take it line by line

1. ApC is the problem. All indices you can think of compared to 2015 shows this clearly. There is no absolving APC from the mess Nigeria is in today, and trying to do so is simply not a truthful thing to do.

2.Yes Bubu was clueless, stupid in fact. But even I voted for him in 2015 ONLY cos I expected one thing and one thing only from him. Fighting corruption! Due to the so called no-nonsense person wey dem talk say e be back in the day. I know a tree doesn't make a forest, so I reckoned the team that would surround him can take care of the rest. I was wrong. And so yes Buhari was stupid, and was surrounded by people who apparently also were stupid including Tinubu according to you...cos all these people enabled him for 8 freaking years. They all contributed to the rot and decay that they are now supposedly cleaning. Ain't that funny...

3. I already showed you that Bubari/Emefiele floated the naira.

4. In our peculiar situation, I'd say the results we saw in 2015/2016 and the one we are seeing now shows clearly that it is a bad idea to undertake both big steps at once. I maintain my stand that subsidy should have been removed, but the naira should have been defended at least until some stability is achieved, as per Dangote and one or more other refineries running before making another big move in the form of the float.

5. They are telling y'all it's cos of the ways and means, but I know for a fact it goes deeper than that. Ways and means is a cool bad label to give the dog you wanna hang, but beyond ways and means the reason for the inflation aside the cost inflation due to the devaluation, is the excessively huge unbanked money that Emefoole was trying to mop up with the redesign policy at the tail end of the last administration. Do you remember the estimated figure of that unbanked money? Look it up. That money that was stockpiled for years and kept completely out of the banking system and meant to be used for electioneering, ended up not being used cos they rallied Nigerians to kill that laudable policy and that money is what is now causing a double whammy..on one hand most of it was being exchanged for USD causing the naira fall, and on the other hand causing the inflation too. But of course they won't remind you of that money, they will only touch on ways and means.

6. YEA YEA, the inflation rate and the MPR I understand the dynamics of that. But bear in mind it is a double edged sword. Too high and it could mean businesses that take loans would have to pay back above 30%....that is insanely high cost of capital don't you agree....but the useless banks rarely even lend to the real sectors and SMEs anyway👎

7. At least we both agreed that Cardunce-o is a dunce, and we also agree that this administration are grossly insincere, grossly inconsistent and simply cannot be trusted cos there is a wide variation between what they say and what they do, and what they say they do/are doing/have done (I'm actually surprised you admit this one).

8. Companies are pulling out due to dwindling revenues horribly compounded by devaluation losses, and consequently an ever increasing cost of doing business
PoliticsRe: How Nigeria, Its People, and Its Govt Got It All Wrong (29/5/26) by Treadway(op): 9:10pm On Mar 20, 2024
grandstar:
APC was never the problem. Buhari was.

He was grossly incompetent and many in his party knew that. I'm sure Tinubu realized so within 30 days of him assuming office.

However, the party had to put up with him as that was the only way they could hold on to piwer.

Though Buhari meant well, his poor intellectual background held him back. Many in his party called him an illiterate behind his back.

Tinubu is trying hard to undo the huge mess he left behind.

2. Buhari had no time ever attempted to float the Naira. There were 2 official rates from 2017 down to 2023. Where there's a float, there's only one official rate.

There was nothing wrong with floating the Naira. Tinubu wanted to wipe off the disparity between the official rate and black market rate which had been uses to siphon billions of dollars.

Since the floating, the disparity has closed. Yes, the floating was badly handled.

Also, one reason for the high inflation was the use of Ways and Means to finance the budget.

Ways and means is CBN printing of money to lend to the federal government. It is very inflationary. There's much more Naira chasing the same amount of Dollars and goods.

In addition, the CBN was and is still running a loose monetary policy. Economics dictates that the CBN interest rates must be above that of inflation, especially if inflation is high.

Inflation is 29% thereabouts while the CBN rates are circa 23%. If increased to around 30%, banks would buy up treasury bonds taking money out of the system. This would greatly reduce inflation.

However, Tinubu has said he wants interest rates low. The price we pay is therefore high inflation.

There was nothing wrong in removing subsidy and floating the Naira at the same time.

The truth is, he did not go far enough. Rather than just remove the subsidy on petrol, he should have fully deregulated the price of petrol as done alreasy with diesel, gas and kerosene. Government no longer fixes the price but it's left to market forces.

The benefit of full price deregulation of petrol would be massive. If anyone tells you the price would go down, he is deceiving you. It would only go down and up based on the price of crude oil and the value of the Naira. You can't expect the price of petrol to be the same at $50/barrel and $80/barrel. You can't expect the price of petrol to be the same when $1-800 and $1-1,200. You're an importer, so you will naturally understand these things.

The real benefit of petrol price deregulation is that it would lead to massive investment in the downstream sector of the economy There would be massive investments in the building of refineries.

When GSM started, there was deregulated pricing. GSM operators were free to charge their desired prices. MTN and AIRTEL charged N50/minute, while MTEL choose a masses friendly price of N22. The first two were able to invest billions of dollars because they charged prices that made them profitable. Mtel meanwhile is as dead as a dodo today..

Today, due to deregulated pricing, there are over 100m cell phone users, from 400,000 in year 2000.

Government should also have deregulated the price of electricity. Electricity is sold at subsidized prices. The federal government isvto make up the difference but it hasn't been faithful. Presently, it owes the Gencos $1.3bn and the Discos N1.3tr naira. With the fall of the Naira, the price of supplying electricity has gone further up, while the price of electricity has remained static since May last year. That is why hardly any power is being supplied.

3. Yemi Cardoso

The primary reason Tinubu appointed Cardoso was because he was probably his "boy." Many economists here criticized his appointment as he was unqualified to head the CBN ,especially at this critical moment in the nation's economy.

Tinubu wanted someone he could control. This is sad as the central bank has autonomy and it was to prevent such an unholy alliance the president now has with the sitting head.

It was also Buhari's interference with the CBNs duties that dealt the economy a heavy blow during his inglorious 8 years in office.

Well, it seems now the Naira is appreciating. It does not however change the need for a more competent head to be appointed for the central banks post.

4. I have to be honest with you, I am apolitical. I have no obsession with politics.

The biggest problem creeping up now is cronyism, nepotism and corruption.

You have the railway contract awarded to a suspicious company. You have the OPL 245 oil well awarded to Tinubu of OANDO. Tinubu's son in law was placed in charged of the Federal Mortgage Bank.

I doubt any privatization or commercialization carried under this government would be free and fair. For the free market to work properly, transparency is key. That is why the GSM auction in the early 2000s was met with praise and the country has benefitted greatly from it.

5. Nigeria never had an import problem. Nigerias problem has always been an export problem. The country is too reliant on crude oil exports for dollar inflows and when the oil price crashes, the Naira takes a beating. Since it was a reduction in dollars that brought about the problem, Nigeria needs to start exporting more non-oil products.

You said you're a car dealer. You probably import cars. Are you a liability to the nation? With your profits, don't you pay rent, build house, pay school fees, feed your family and so on? Don't you deposit some into the bank?

Imports are actually extremely good for the economy and is a recognized driver of growth.

That is why import substitution policies are counterproductive. In addition, countries do best when they pour into areas they have competitive and comparative advantage. Import substitution encourages the pouring of resources where you don't do well.

Look at cement. All what the cement ban did was to make two Nigerians dollar billionaires. Everyone knows that Nigerians are overcharged for cement. The profit margins these guys make is unheard in the industry. It is the kind of margins online game makers make, who store no physical inventory.

The building industry suffers because of the ban. It wasn't Tinubu that banned the importation but Obj.

If companies are packing out, it is due to the severity of the mess Buhari left behind. There was $7bn uncleared forex contracts while there was barely $3bn left in the foreign reserves. It was the shortage of foreign reserves that made many of these companies quit the country.

The proper thing for Nigeria to have done would have been to contact the IMF for balance of payment support in the form of a loan. The IMF would lend Nigeria $20bn for it to build its reserves. When Nigeria has rebuilt its reserves, the country will repay it. Tinubu knew Nigerians wouldn't welcome that and would blame any painful economic policy on the IMF, without seeing why.
did you just say Buhari never floated the naira?? Wrong! He definitely did as you can see below. Same thing now almost exactly as it happened in 2015/2016 by the same ill-fated party called the APC.

https://techpoint.africa/2023/06/16/cbn-naira-float-2016-failed/

https://dailypost.ng/2016/06/15/breaking-cbn-officially-floats-naira/

https://www.google.com/amp/s/nairametrics.com/2016/07/30/chart-shows-the-naira-is-now-officially-floating/%3famp=1

Cmon bro, you have engaged in discussions with me a couple of times on here. I do not speak emphatically on things I'm not 💯 sure of. If I'm emphatic about it, best believe I know what I'm saying is fact and I can back it up with proof.

Will address some of the other points you touched on shortly
BusinessRe: ‘Form A’ Applicants To Submit Three-year Tax Clearance Certificates – Banks by Treadway: 7:46pm On Mar 20, 2024
Eriokanmi:
Instead of becoming a doubting Thomas, why not just try and be verifying things first? Google is there for free if you have data. I travelled to Hungary last year. Early this year,.I travelled again to another destination. I have a good relationship woth my bank. They're the first who told me of the tax clearance thing last year. We approached firs and got it done, still no fx allocation from the cbn. The queue was ridiculously long. Na aboki bail me out I'm the end. Same this year.

My inlaws had their tax clearance already
and just last month, they couldn't get fx from the bank for their PTA. We had to go to Allen ave, to get fx for them.
he doesn't travel. No way in heaven or hell, he'd know these things or have these first hand experiences.
BusinessRe: Naira Makes List Of 15 Worst Currencies Against The US Dollar - Statisense by Treadway: 7:33pm On Mar 20, 2024
735i:
You're all over the place confusing yourself. @the bolded, owe who? Bola the indomie seller? At what interest rate? To pay when? Is the debt interest free? You're tilting towards derivatives which you have zero knowledge about and which will confuse you further.
Simple concepts are already hard enough for you.

Brah, dip!!!
show us your calculations/math to prove your point and quit hyperventilating on your obvious inability to do so. Clown is talking about interest rate and derivatives. Basic things you no fit defend 😁

Dela had 150naira in pocket that was equivalent to 1 USD in 2015, but went into a coma, only to regain consciousness today. By what percentage (positive or negative) has his 150naira depreciated relative to the same dollar as of today?

This is a very simple challenge for even you that clearly isn't an egghead (maybe you were in your hey days and law of diminishing returns don set in🤷)
BusinessRe: Naira Makes List Of 15 Worst Currencies Against The US Dollar - Statisense by Treadway: 7:30pm On Mar 20, 2024
735i:
Okay Mr. Unlucky. Stay dumb....and keep calling people smarter than you lucky.
lol. Mingy wankerrrr.
BusinessRe: Naira Strengthens Against The Dollar, Sells At N1400/$ On The Parallel Market by Treadway: 5:35pm On Mar 20, 2024
Believeintruth:
There was a retail bid by the CBN to settle outstanding FX issues. that was the reason for the slide in FX rates, this has made a lot of USD in circulation which has pumped down the dollar value. This is still a short term measure.
I don't even need to have any insider info, all I need to know is the refineries are still not functioning and nothing fundamentally has changed. That is how I know this is just window dressing, not to mention we have been here many many times before, even in the last 6months. Nothing new.😎
BusinessRe: Naira Strengthens Against The Dollar, Sells At N1400/$ On The Parallel Market by Treadway: 5:05pm On Mar 20, 2024
Angelfrost:
Just celebrate small wins...!

Buhari was merely buffering the currency with lots of loans, same as his predecessors.

For Naira to have been floated yet is managing to gain against the Dollar... That's good.

If we improve other parameters that will increase demand for the Naira and less need for Dollars, it will gain further.


Whether you like or hate Tinubu, once you see good things, celebrate them...!

Nigeria needs to be overhauled all over.

Buhari plundered 8 good years doing absolutely fvck all.

Tinubu has to clean up his monumental mess, and still find a way to keep the nation surging forward economically.


Y'all should understand... If Tinubu succeeds, Nigeria succeeds!

If he fails or performs as abysmally as his predecessor, the nation is doomed! Not Tinubu or his family... Nigeria is doomed!

Whoever takes over after that will never be able to salvage the nation, not even Peter Obi or Atiku.
brozay I get you ooo, and you are largely right per usual, but if I dump my dollar stash make I bend😁.

Like Gerrard59's much publicised axiom, which I now 💯 agree, you largely can't lose betting against Naija. Until that/those refineries come on stream at least, all this one na window dressing.


One thing that is slowing this down thankfully (that most havent paid attention to) is japa wave that is kinda really at low ebb right now, if not ehn.....

But I ain't selling that stash at least until we have ceased importation of refined petroleum product. I can't work this hard for my money and watch it burn unto optimism or patriotism lai lai ka mari ni Paul wi.

I bought at 735 by the way, right before balablu enter
BusinessRe: Naira Makes List Of 15 Worst Currencies Against The US Dollar - Statisense by Treadway: 2:23pm On Mar 20, 2024
735i:
I do. You can actually research this yourself. Or... no need. It's simple logic. Just think through it. 1,000 minus 100% is what?
Now think 1,000 minus 200% will be what? Can a currency be negative? As in, you have N1,000 and you're still owing. Owing who exactly?
smh. The thing wey dey pain me pass be that person wey you disqualify. Life is unfair o. I so much believe now that the fella you disqualified was likey right in his assertion, but as life don give you unfair advantage/power over him in that situation, what can he do??

Yes you can still owe. Using the analogy of the question I posed to you, when Dele gets to the market hoping to buy 4 packs of indomie noodles with his 150, he certainly will NOT be able to buy said 4 packs today unless he borrows from his friend Tobi, or unless he undertakes to owe Bola the indomie seller the balance. That is a negative! Explain that to the IMF slowly just as you'd explain to the delusional geng that due to our chromosomes we are largely either male or female..yea argue that with those who like you want to turn basic precepts on its head without fact/a basis/ proof to back it up.

You're welcome.
BusinessRe: Naira Makes List Of 15 Worst Currencies Against The US Dollar - Statisense by Treadway: 2:07pm On Mar 20, 2024
735i:
This one is above you. Even if I tried to break it down further, if the capacity to understand isn't there, it didn't dey.
If you belive you know more than the IMF, then I can't have a debate with you. Got better things to do with my time.
just as I suspected. And this one considers himself a professional in the asset investment/management space. Darn shame you don't hold your own and certainly are not worth your weight in gold. Run along lucky chap (turns out you're just lucky, certainly not very bright).

Ps: I can know more than IMF o...cos math doesn't lie and you don't know the math. Just as Biology doesn't lie, but your oyinbo lords turn logic on its head and say there are scores of genders and transgender is a thing. Until you and IMF can show me the math answer to my question, your claim remains trash and is irrelevant to this thread, as numbers are what we're dealing with on this one, not 'balablu'.
FamilyRe: Dear Men, DNA Test Is Around ₦100 To ₦200k. Don't Be Unfortunate. by Treadway:
Beverlyjean:
And u think u are doing the man if u are unfaithful to him cos he's unfaithful to u... any woman that ever uses that as an excuse is nothing but a hoe ... if u steal from me and i decide to also steal from u, then I'm a thief ... every woman should have dignity for their bodies ... it brings innocence into the world thru giving birth.... a man cheating is not the same as a woman cheating.... just like a broke woman is different from a broke man
bev, I dey always gbadun your takes. The comment of that lady is the mentality of most unfortunately. Cheating is one thing, pinning another man's child on someone else is another. The latter is just evil. Who give a rat's ass if you cheat? But don't freaking bring a bastard to me on top of that. If you want to do revenge cheating, fire away... but don't coman put the price/reward of your shenanigans on someone else. Paternity fraud to me is like a randy man who knowingly gives his innocent wive HIV, as in HE KNEW he had HIV and still gave it to her. However you perceive that to be evil is just how evil paternity fraud is.
BusinessRe: Naira Makes List Of 15 Worst Currencies Against The US Dollar - Statisense by Treadway:
735i:
Fumbled? Because a couple of slow people have opinions on Nairaland?
At least you guys can look this stuff up na. Educate yourselves. There's an IMF journal on this that comes up when you throw this question on Google.
Even if it's 3mins, read it, learn!!!
lol. Words are cheap, so it's easy to call them 'slow' or to disqualify that chap by saying he is wrong with mere explanations that don't stick or 'google what IMF says'

Tell you what, how about you assert yourself. Prove you are right, not with words, but basic elementary math, and I will gladly concede to your point as the reasonable fellow that I am.

If a man called Dele had 150 naira in pocket in 2015, when that amount was equal to a dollar, and then went into a coma for 9 years only to regain consciousness today, by what percentage (positive or negative) has his 150naira depreciated relative to the same dollar as of today?

Abeg just show the math and your answer (remember this thread/report is about numbers not words), and you did say you are in the numbers game, which is great cos math is irrefutable and doesn't lie. No shalaye needed.

Thanks

Cc politeactivist, as you also asserted that his point/math was right.
PoliticsRe: NL Tinubu Supporters Have Started Denying Him by Treadway: 5:33pm On Mar 19, 2024
JagabanB:
Obidents think politics is about fanatism, interest is what drives choices, if someone votes BAT with one hope and it doesn't work, then he changes his candidate.
Trump won one election and Iost the other.
Whyhuh
Because not everyone who voted him initially voted him again, freedom of choice.

You foIks àbûsè people who voted Buhari twice and now mocking someone who say he may not vote BAT a second, do u think at all?
Same u Obidents voted Atiku and named him messiah all of a sudden, Obi is the next messiah.
The one who voted BAT saw that BAT was his best option.
So if he feels he has a better option in 2027, he's 100% right.
U foIks should deveIop smaII bràiñ.
no lele.

I sha know anywhere I am on this God's green earth, I'll come back to vote and mobilise votes to return Tinubu to that seat to carry out more desolation and destruction.

Ka wa ri babanlaku Baba Omo ale to ma question the basis for my choice then.

I just want to see what anyone who sang his praises despite all glaring warnings will seek to educate me about the character of Emilocorn, and why he should not be voted for.

I have been on the side against, now I'm all for it, throwing logic and the truth in the bin, in the face of everyone. Looking forward to that, God willing.
PoliticsRe: NL Tinubu Supporters Have Started Denying Him by Treadway: 5:32pm On Mar 19, 2024
JagabanB:
Obidents think politics is about fanatism, interest is what drives choices, if someone votes BAT with one hope and it doesn't work, then he changes his candidate.
Trump won one election and Iost the other.
Whyhuh
Because not everyone who voted him initially voted him again, freedom of choice.

You foIks àbûsè people who voted Buhari twice and now mocking someone who say he may not vote BAT a second, do u think at all?
Same u Obidents voted Atiku and named him messiah all of a sudden, Obi is the next messiah.
The one who voted BAT saw that BAT was his best option.
So if he feels he has a better option in 2027, he's 100% right.
U foIks should deveIop smaII bràiñ.
no lele cool
BusinessRe: Naira Makes List Of 15 Worst Currencies Against The US Dollar - Statisense by Treadway: 2:33pm On Mar 19, 2024
735i:
Lol. I don't care about the likes tbh. I once disqualified a chap interviewing for Senior Associate role in investment banking because not only did he not understand it, he actually insisted he was right till the very end of the interview.
This was despite my trying repeatedly to break it down for him.
It's mind boggling how people are not open to learning and unlearning.
I think there is a good chance you disqualified that chap wrongly. If what has played out today here is anything to go by, the chap was probably right and you were likely wrong but didn't even know it. Unfortunately, we all (the chap included) will never know who was right or wrong. Today and here tho, you def fumbled on this one.
FamilyRe: ‘this Marriage Wrecked Me’ — How DNA Shows He’s Not Father Of SS ‘son' by Treadway: 2:29pm On Mar 19, 2024
Kobojunkie:
Who paid for the DNA test that was carried out? lipsrsealed
like four people don prompt you to read the story, but you no jus gree read am


“For me to produce SS even when I marry SS as a AA. So I started voicing my displeasure out to my friends and one of them pointed me to Justice Court that they will do the DNA test for free. So I contacted them and arranged a sample for me and the boy for Paternity test.

Justice court paid

You're welcome.
PoliticsRe: How Nigeria, Its People, and Its Govt Got It All Wrong (29/5/26) by Treadway(op):
Grandstar this was my stand when we last thrashed these economy issues, as at when emilocorn came in and dabaru everything, although my prescription wasn't this detailed. I'd like to read your thoughts, cos I have been seeing your posts which suggests that you have also started to see the reality for what it is and what is not.
BusinessRe: Naira Makes List Of 15 Worst Currencies Against The US Dollar - Statisense by Treadway: 8:24am On Mar 19, 2024
Lemos14:
See how you're saying rubbish with confidence on a public forum thinking you're a genius. These are the people supporting tinubu. Empty barrels. Go to your comment on the first page and see what you typed again
more concerning is that he considers himself a 'smart' investment banker. Talk about a square peg in a round hole. What is most concerning is my pal politeactivist somehow also concluded he is right. How??
TravelRe: Living In The Uk-life Of An Immigrant (part 3) by Treadway: 9:31am On Mar 16, 2024
ehizario2012:
This link did not open, but if it is about the death of one Dipo, it's one death too many. May God help us... After all the hustle, relocation, better life in view etc... to just drop dead like that is disheartening to say the least. May he RIP.
it's not that. It is about a black teenager (student) being bullied by some white students from school. They made him kiss their shoe.

On that link, Edit/Insert Twitter dotcom or X dotcom just after the http://

Ensure you write the dotcom the normal way. If I wrote it the proper way it would also be automatically erased, hence, why I wrote it as dotcom.

Nland automatically erased the complete link out
TravelRe: Living In The Uk-life Of An Immigrant (part 3) by Treadway: 6:16pm On Mar 15, 2024
ehizario2012:
One word for this husband?
they both fit, like a hand and a glove. 🤣🤣
TravelRe: Living In The Uk-life Of An Immigrant (part 3) by Treadway: 11:55am On Mar 15, 2024
Lexusgs430:
The mindset of some people is truly warped ..... How does someone else earning £1000 per hour, affect my lifestyle.........😀

Or buying 20 houses a day ........ 😜


London is a leveller..... Everyone would find their level.... Las Las .....😂😀
as in ehn. Similar thing happened with Lagosismyhome on the Health and care visa thread/ student thread last year or two years ago. Commonsense and logic gets thrown outta the window. And people (some) not only forget but try to rubbish all the immense contribution wey person don make. It's just plain ol personal beef and envy.

Have I disagreed with some of your opinions here. Yes! And I stated that

Have I agreed with most of your opinions here. YES!

Does agreeing or disagreeing on a point of view add or remove anything from me or you. NO!

Na just personal beef dey play out here. There is no case.

1 2 3 4 5 6 7 8 ... 22 23 24 25 26 27 28 29 30 (of 78 pages)