₦airaland Forum

I know bellingham is cooking something for tomorrow. The flogging will be loud.

LordAdam16:
The exact details of the CBN's liabilities are murky.
In JP Morgan's report, total liabilities exceeded $14B.
But that was in reference to EOY 22 numbers.

The true state of our finances is not readily available.
So most analysts go off guesstimates.

The number that's floating around is $10B. Which might be a deliberate understatement. But let's work with that.
The plan is roll over some of it into 24 to 36 months instruments thus giving us more time to come up with the funds.
While they use the $7B to clear the most urgent book liabilities and fund several weeks of direct sales in the NAFEM window.

The open-ended question is how long the stability lasts?
I don't think the administration cares anymore.
If they can secure the $7B and hopefully the $3B AFRIEXIM loan as well.
We'd almost certainly get at least a good quarter of stability out of the intervention which right now sounds like a huge win to them.

The national debt. Interest payments. Revenue shortfall. All of those are problems they'd pawn off to the next administration.
Nothing screams desperation like securitizing $2B p.a. revenue for a $7B loan from a consortium led by a commercial bank in the current high interest rate environment.
I'll like to see the terms they get. Standard Chartered will bend them over a barrel.

But they wouldn't mind. All the top honchos at NLNG, NNPCL, Minister of Finance, and CBN are salivating at what they'd gain from the deal.
The funds will be used up. Then they'd start cooking another billion-dollar deal by this time next year.
In fact, it is in their best interest that this inflow does not solve the FX crisis permanently.

Currently, this country is a hood rat n*ggas are running a train on.
Stop worrying about the aftereffects.
If the jamboree will not favor you and your family, japa!

-Lord

Hmmmm. Honestly the rising debt profile scares me cause as a Nigerian I've been groomed to believe most of it I mean the intervention loan would of course be looted as you've subtly put boss. Japa is on my mind several times but one would still wish for the progress of his country once he leaves the shores of the country. Hopefully we get that economic stability like you said no matter how minute cause one can't obviously trust the government which is expected. At least for the currency to exchange under a 1000 naira before what wants to happen goes on again. Thanks for this informative piece boss.

Englishisamust:
You scored a beautiful own goal u Kon dey call VAR... 😂😂😂😂😂🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

I can see you're enjoying yourself shining your yellow 32. Enjoy very well oh because I'm coming with my oraimo cord for your neck after full time whistle on Sunday evening.

Trevor012:
Only baba said ask arsenal fans about Emery now he dey tell Jodera say he dey blind . Nigga said "Y'all were just blinded" 😂😂

You like problem always.

LordAdam16:
Once there's confirmation that the FG has started receiving the $7B, it'll touch 900 within a few hours.
Apparently, the current drop is due to the accelerated timeline.
The ThisDay article insider said Standard Chartered and co will start releasing funds next week.

I doubt that. It takes a while for the kinks in these type of unconventional deals to be ironed out.
Earlier in August, the NNPC hurriedly revealed they'd closed a $3B loan with AFRIEXIM. Rates fell overnight.
Later we learned that AFRIEXIM had not found co-partners to back the loan. They are yet to find takers as of today.
And that's why rates shot back up from 810 to 1310.

So if the $7B doesn't come soon, 1600 is a lock.

-Lord

Dollar at 1600 will just cripple most SMEs and startups struggling to breathe at the moment finally. Many are still speculating it would go up once the $7B arrives, but with this new $7B loan are you sure our national debt hasn't gone over $100B dollars already coupled with the various interests added to it that we're going to pay back? This is just crazy.

GrammarNazi1:
I don't know how that was determined, but punching during a real fight where opportunities are rare and punching during an exercise are two different things.

Of course it's different. This was ngannou setting the record at the UFC grounds.
https://youtube.com/watch?v=LC_t7h1JTls&si=pEDZkY2Ua9-_nCUx

I'm not fully confident he had a harder strike than wilder since he's the hardest hitting boxer around afterall he dropped fury several times like an amateur and we know fury doesn't have a glass chin but I think there's a possibility especially when you take into account ngannou's strength and power. For those who follow UFC ngannou has dropped the best in the division like Cain Velasquez, stepe Miocic, Curtis blaydes, rosenstruik and some I can't recall and I tell you those guys are solid and durable. I was hoping he and Jon Jones would square off sooner before he left UFC as I was pretty confident he would knock Jones out who's the current alpha in the division.

Ibime:
Confam

Sharp.

Incognito9:
Soon it will reflect 😁

It's gradually reflecting like you said bro.
https://www.nairaland.com/7891505/naira-gains-against-dollar-trades

Hopefully it enters 1000 soon before it goes back. Men now we are praying for dollar to exchange at 1000. Something that was around 650 some months ago before. There was a country.

Godx:
The first step is to destroy this yahoo yahoo mentality we have adapted. Everybody now sees it as something legitimate that parents even buy their children phones to hustle with.

As long as we still remain a third world country with high levels of poverty vices like these would continue to thrive boss. Yahoo was a coded stuff back then for only people who had good knowledge of using PCs, emails or those who were brought into it by those deep in it earlier before it started becoming rampant and popular few years back. Other hidden stuff too can still come to light as long as our things don't improve. What I just want is to leave the lives of innocent people enough for their foolish plus nonsense if they want to do their hustle.

raumdeuter:
If this na joke stop am

Wilder that was sending pro boxers to hospital with 1 punch 7 die

Not even Bash Alli Bendel Insurance can match Wilder

Lol wilder and usyk are my current best heavyweight boxers, it's possible egbon after all ngannou has the hardest recorded punch since a device was brought for it to be calculated. I'm talking about pure striking power not hitting style for any other person confused.

BlewMahn:
Na juju bro. Me and Apostle Skimple dey sort out the matter. You and Ballzproblemm should exercise payshenze.

Lol boss I don't think I've actually criticized Enzo since his move to us as I'm one of his biggest fan too after you and unlimited but after Saturday's performance we just had to something especially as jorginho FC went on rampage. I don't need him to be bellingham just 5-8 goals for this season is not bad.

Bombblacks:
If you have held UFC gloves then you would realise how stupidly hard they are. It's like they are made to cause knout out. When we compare their record it's not even close. Wilder(42 wins, 41 KOs) vs Ngannou(17 wins, 12 KOs). Wilder is doing his knock outs in a more larger gloves. Imagine taking a Wilder punch with the MMA gloves, your forehead will crumble

A mma glove is just thinner not harder than a boxing glove which is padded with foam. Is that not one of the reasons you're arguing boxing causes more deaths? Ngannou is well built and stronger than wilder and has been hailed for his striking ability by some boxing analysts despite him not being one. Wilder that will want to use all his speed and power in one moment to drop you. Ngannou doesn't move with that kind of energy but when he strikes his opponent feels the power.

Ibime:
He is right. Death rates in boxing are far higher

But MMA injuries are more gory

In boxing, you are aiming for the computer of the body (the brain) so once you knock out the computer, the body dies. In MMA they rip a lot of ligaments but they don't kill each other

Well boss the longer rounds and heavier gloves play a part too but I feel with the legs also causing damage a kickboxer can also get damaged after retirement. And yes boxing deaths are more frequent and cause more trauma.

BlueRayDick:
Public outcry ? Yinmu

Reverend King is still alive till date despite being sentenced to death after much public outcry. Governors no dey sign death warrants of convicts since the return of democracy

You are right though. Well hopefully justice will be gotten boss. We can't keep losing vulnerable members of our society to this deluded killers who believe parting body parts and shedding blood which put them on Forbes list. Like gloriousG said a campaign should also be created forcefully to try and tackle this ritual killing nonsense but then again when you remember some of our leaders and big men in society are actually deep in this haram too one can wonder how far it would go.

Bombblacks:
Stop capping. The claim that Ngannou has the hardest punch in the world is a UFC marketing ploy based on something called a Powerkube. It's an obscure punching-power device that measures in arbitrary "units".

Was it only ngannou that tested his striking power on the device? People have tried and failed since 2018 when he set the record including a one time world's strongest man winner. I don't even need to look much to the PowerKube when I used eye test to witness his brutal punching when he was still in UFC.

BlueRayDick:
I just see girls dating them as putting themselves in harms way unnecessarily. If a rival cult member wants to kill them, they can trace them to the girl's apartment either killing the guy only or killing them both. If they kill the guy alone the girl will still have police case to answer.

See this one now wey the boyfriend kill by himself , maybe her future bright or not she don go be that. The guy will most likely spend long years in prison after which he may get pardon when one governor will claim they are decongesting the prison.

If the public outcry is much he might be excecuted. I feel for the girl's family. Years of nurturing your child in school only to see this ugly incident.

Bombblacks:
Don't allow MMA blood to deceive you. Boxing is far more dangerous and most people have died from it. People don't usually die from getting hit hard once, they die from the accumulation of damage from getting back up after numerous knockdowns and blows to the head.

There have also been some casualties in the octagon both pro and amateur. Mma not only has thinner gloves than boxing but you are going to be hit with fists, elbows, knees and the foot when kicked flat in the face. But you might have a good argument though considering the far longer allocated rounds to boxing and the bigger casualties list over decades.

BlueRayDick:
While I was in school I usually shake my head when I see girls dating those cult guys. Person wey dey very much capable of taking another person's life at the slightest provocation, na him u dey use do boyfriend. smh

Lol boss if they don't date them another one would take their place especially when there's money, fame and power in that vicinity gained through the frat. We know those three are high on our slay queen's wishlist. The more one goes deep into cultism the more cold and less affectionate he or she becomes.

Bombblacks:
Stop playing.

Ngannou holds the current record for the hardest punch in the world and he's also stronger than wilder. Knockout blows were what were mostly helping ngannou in UFC.

Bombblacks:
Boxing is far more dangerous than MMA.

You need oraimo on your neck.

GloriousGbola:
Well If you are dating a cult guy, your worry is getting killed by his enemies, not by him.

This is a recurring decimal and there needs to be a campaign to reinforce the futility of this ritual yahoo nonsense.

If he is short of options for whatever bloodshed he's been obligated to commit, even the jewel of his eye will be plucked out in the fastest time possible, we've seen over the years either through the news media or films how some of these guys even go for their biological parents so it isn't new egbon. It's so shameful that in this 21st century of internet coverage some still think their major part to riches is shedding the blood of another. There are credit card scammers, hackers and also yahoo yahoo guys in other parts of the world and I don't hear anything about them dismembering humans.

This guy was even a viking. May her soul rest in peace but our ladies of nowadays and also some of us men should remember all that glitters ain't gold.
https://www.nairaland.com/7891165/video-justina-nkang-otuene-murdered

But seriously Enzo needs to work on his shooting. He was scoring bangers for Argentina and benfica so what juju is stopping him here? In tight games when your attack has a off game or the scores are tied with goals he can make s difference with an unusual goal. His role won't make him to be judged by goals but it can be a good weapon for us in times of problem.

Bombblacks:
Fury got hit with multiple Wilder kill shots and either ate them or got back up. He has beaten Wilder twice, who is both a better boxer and has significantly more power than Francis. He doesn't even have a puncher’s chance to me.

Ngannou is also very powerful and I believe he has better punching power than wilder. It's just his lack of experience as a pro boxer that would cost him. Besides what does he even have to lose when he's going to make a truckload of cash bigger than anything he got under Dana white.

GloriousGbola:
Weird chyke but ok

. Maggi be like

Englishisamust:
I heard Chelsea beat Monaco in champions league yesterday

See who is struggling to beat common Copenhagen. I think you will still travel to their stadium and turkey? But before then I need apari to koboko you guys on Sunday.

patrickmuf:
Birthday blessings to me...

I assume the victory on Tuesday is the perfect birthday gift, I don't think we can get a good result against City on Sunday.

Happy birthday boss. More life and blessings to you by God's grace. God bless you.

The time is getting near for Jude victor William ballingham to destroy you people in your borrowed home and receive a standing ovation from your fans who will watch an actual midfielder better than all the frauds in their history.
👇
The question is Will you be there?

Jokerman:
🚨🇪🇸 JUST IN:

Manchetser United plan an embarrassing U-turn by pleading with David de Gea to return on a short-term deal.
@ncustisTheSun

Fake news. But you seem to like fake news.

A40:
Lol that billing na like curse. Even the ones you think have money and you breathe sigh of relief when you meet am, na their billing dey even high pass. Na more of Black woman problem in general sha not just our women. E get why #RentDue na popular trend for Twitter every end of month. And na them dey always dey center of am stylishly requesting for resources

Woman wey casually dey my WhatsApp see my picture with me and some oyinbo broses for my Popsman club. Disturb me sotey say she wan sabi my friends. Those ones sef get jungle fever but them be over kaku. Introduced them, e no reach three weeks e start to dey show am picture of wigs and dresses say her birthday dey come

Them no dey even Nurse client, these women will bill you inside 2 weeks

Well as long as you have a blokos in the middle and some hair on some chinny chin chin you are going to be loved conditionally via what you can offer. As much as some of our baby girls try to hide it with financial independence deep down almost all of them can't date or settle a financially stable man whether he shows it through evidence or packaging. Only woman who will love you unconditionally despite all odds and everything is mama if she didn't abandon you at birth like some.
But of course you still need companionship from time to time so you'll have to still play the game if there's no understanding baby girl in sight. Many relationships nowadays are just sexual transactions self so what's even the point?

GloriousGbola:
I can understand Nefertiti who is allegedly a paid catfish. But I expect better from Kalu. Las Las everyone on SM has agenda.

The same abacha of dirty fuel, japaing doctors, wood stove, and sergeant Roger's gang to kill you or kangaroo court to hang you and melt your corpse in acid.

And some people will read this, swallow it and start regurgitating it.

Some People really have no idea what a democracy is.

I didn't really experience abacha's government but what I heard from my parents and older relatives is akin to a horror movie. There are several ways to tackle this government not by going deep to call a killer dictator's government far better than the little democracy we're having now just to score cheap points on social media. I'm glad they were rightfully dragged especially by some obedients.

Itsrm:
Most of these guys are very ignorant. Banks don't make any serious money from their retail arm of banking. Like Lapo, Opay and the likes are not their competitors.

Secondly, all microfinance banks are mandated by CBN to have an account with traditional banks. Microfinance banks don't have accounts with CBN. Traditional banks are the intermediaries. In essence, all the money still ends up with them.

Thirdly like you noted, the rate of fraud on Opay and palmpay especially is something else. I hear fraudsters ran from Kuda because they are very strict. You'll notice that the popularity of Kuda seems to have gone down.

If other banks should do the same, OPAY and the likes will tighten their belts. They had it coming.

If opay and palmpay can do id card verification on their tier 1 accounts many of those scammers will run away because they get different sim cards to open account with different names to do their scams. It's always at tier 1 which can allow you have a transaction limit of 50k while higher tiers require you to put your id card which they don't have since they opened the account with a fake name. Once they are caught there they abandon those accounts and move to another one. Kuda stepping up on their security and verification made those ones to run away.