₦airaland Forum

CaptainFM1:
Their withdrawal is still not affected considering how much they've got in the bank if the bone of contention is about the maximum daily withdrawal. I'm not focused on the digital but on the maximum daily withdrawal.

If all I earn monthly is 30k, and I can withdraw 20k maximally everyday by whatever platforms I chose. It simply means I can make withdrawal twice.

The clause is that if however I want to withdraw all my 30k at once, then I will pay the fine stipulated for that...which was why I said the 20k is fair and 50k is reasonable.

Maybe you reason this way because you are a salary earner. Me as a business man reason differently. I know the 30k minimum wage don't mean jack to business people. I know road side hawkers that handle more than 30k cash per day. Petrol stations make more than 30k per transaction. Even fish or crayfish sellers make more thN 30k turnover per day. I have not even mentioned construction contractors that needs to pay tens of workers their daily wage at the end of the day.

Nigeria does not have enough people banked at the moment to impose such strick restrictions. Only about 45% of adult population have bank accounts. The informal economy is way bigger than the formal economy. A wise CBN would embark on a drive to get more Nigerians banked before imposing such cash restrictions.

ogwumgbe:
There's someone that has been proven to has stolen 180 billion and he has not even been charged to court, I think AGF or something, they should start from there, is it now that he has used his ingenuity to end vote buying and corruption that they suddenly remembered stamp duty? No one is a fool, Emefiele is going nowhere, the politicians should continue crying for all I care

I am yet to understand the rational behind using whataboutism as a defence to a crime. If my brother should rape a girl, I should demand that unless a neighbour from a different tribe that also raped a young girl must be arrested before my brother can be arrested. The defence should not be whether he commited the crime or not.

ogwumgbe:
There's no way the economy will be stabilized when corruption and looting is the order of the day, so he has introduced the policies to manage the economy very well and those benefiting from corruption are pain and threatening fire and brim stone, let them leave the man alone jare

So they should leave him alone if it's true that he stole Nigeria's stamp duty collection for 7 years totaling hundreds of trillions of naira?

CaptainFM1:
......Daily withdrawal.....
20k is fair.
50k is reasonable too.

But, come to think of it....."Civil Servants only earn #18k monthly, and even at that some states are still owing them"

Logically, the daily 20k should be sufficient going by what an average Nigerian earns.

Notwithstanding, the CBN puts a clause to it that if you are going to withdraw more than the 20k daily, then a certain percentage will be paid...which is very fair.

In my own view this is a very good policy for the poor masses because all they earn can be withdrawn in one day anyway.

You stay in big cities and project the rest of Nigeria to your personal experience. Have you been to riverine villages in the Niger Delta where you go on 3 to 4 hours boat rides to access from the main city? Such villages got no banks. There are hundreds if not thousands of such communities in the north, West and middle belt. Then we start talking about internet or network access to operate digital banking. Not all communities have electricity not to talk of network.

I don't quarrel with digital banking, but it has to be done slowly, tactically and innovatively, and not rushed haphazardly as it is being done.

ogwumgbe:
I am not talking of tribe here brother, any policies that pain politicians and power brokers are good for the country, know this and know peace,, his policies will reduce looting and corruption drastically

His job is not to reduce looting and corruption. That's the job of the police, EFCC, code of conduct Bureau and the ministry of finance. His job is to manage Nigeria's monetary policy, stabilize the currency and thus the economy and manage inflation.

ogwumgbe:
I am not talking of tribe here brother, any policies that pain politicians and power brokers are good for the country, know this and know peace,, his policies will reduce looting and corruption drastically

Forget politicians. The political class play their game of thrones during elections and make up to steal our collective wealth later.

Emefiele's policies affect me and the masses directly. Apart from the devaluation of the Naira which is causing runaway inflation. Most Nigerians can't do legitimate business online because of terrible CBN policies. I need to renew my domain and hosting in January and I don't know how to go about it yet.

ogwumgbe:
Emefiele is going no where, he's the best CBN governor in Nigeria history, you corrupt politicians must be dealt with, idiot thieves and rogues

Best governor? Is that an irony? Or maybe he is from your tribe.

Emiefele will turn out to be the worst governor in Nigeria's history. His policies are not well thought out, apart from the grievious allegations of corruption hanging over him.

He wants to change the Naira next week, and there is not enough new naira in circulation now. The new naira note I hear is very inferior to the old ones and looks fake. My wife told me market women are rejecting it. There had not been any sanitization of the populace to it.

His foreign currency management is terrible His micro and macro economic management are disasterous.

MOTOPARK:
Prof,kindly explain to me how bad Emefiele policy is bad in the current tend of things

Abeg yarn me which policy Emefiele introduced. Is it the cashless policy that was introduced by Sanusi?
Maybe it's the devaluation of the Naira from about 250 to the dollar he met it in 2014 to the 750 it is now.

Tribalism will kill Nigeria if Nigeria does not kill tribalism.

Jnkay:
Urchins shouting! Because he doesn't allow Tinubu to do his usual drug and money laundering. Let them go and remove him, they think Emefiele is Onnoghen(CJN).

They would remove him, nothing will happen. Did Jonathan not remove Lamido Sanusi? Did the heavens fall?

Let Emefiele come and defend the grievous allegations against him instead of running around like a headless chicken.

copyrites:
Emefiele is obviously not clean but those after him are the biggest thieves. Unfortunately for him, he has no integrity to fight back. Nigerians can't fight for him either.

See, unless Peter Obi makes it to Aso rock, the status quo will remain. Who does Tinubu want to challenge when the entire Africa knows about his corrupt lifestyle?

How can a personality like Tinubu fight corruption? Dude can't even face Nigerians to talk about corruption.

Believe me, if you hear the amount of money Emefiele is alleged to have stolen, there is no bigger thief in the history of Nigeria. Abacha was a learner when compared to Emefiele.
https://youtube.com/watch?v=bvZ_ZYaFcwE&feature=shares

If you watch the submissions of honourable Gudaji Kazaure on Brekete Family, you will cry for Nigeria.

https://youtube.com/watch?v=bvZ_ZYaFcwE&feature=shares
If everything he said is true, I doubt Emefiele will ever return to Nigeria.

He will turn out to be the greatest criminal in Nigeria's history.

Obrigardo:
Hey basilico loco, care to tell us why 28 republiqunts will vote against this bill?
Pedophiles!

Because Republicans or so called conservatives are sexual perverts. Most of them have one sexual assault, rape or infidelity allegations hanging on their necks.

Abc2Z:
She knows but didn't want to disclose it. Emefiele will give same response.

There is something between the politicians and CBN.

But Emefiele is a politician occupying a very sensitive position ought to be occupied by a person without political affiliation.

He should have resigned when he aspired to be the president.

Many of those in CBN are politicians. Soludo, Adebayo Adelabu (Accord party guber candidate in Oyo State) and many more.

You mean she knows and deliberately lied under oath to the national assembly? Why will she keep the total volume and value of Nigerian currency printed from the national assembly, who as supposed to approve the funds for the printing in the first place?

Emefiele is shaping up to be the most corrupt and incompetent central Bank governor in the history of Nigeria.

Angelfrost:
The distinctive qualities of rare success are not restricted to the righteous!

Life isn't black and white!

Thank you.

Ironically it is. Whites promote and pursue their own racial interests using Black's as cannon folder. Blacks on the other hand also promote and pursue White's interests to the detriment of their own racial interests. Meaning we worship the whites while detesting blacks.

Elon musk is not the only billionaire. I would pick a Dangote or a Tony Elimelu anyday to a Musk.

What business or moral philosophy have you learnt from Musk that cannot be better learnt from Elumelu?

Angelfrost:
Not exactly...! There are poor individuals with the same mindset and attitude that I also like.

That's like saying I like all wealthy people, or that wealth is the standard for being liked.

Why will you like a white South African who lived his early years under apartheid, immigrated to the US, became a billionaire and is mixing business with politics.

Obviously you like those with money.

ZooOga:
The highly esteemed Financial Times says Mr Musk has his work cut out for him.

Elon Musk/Twitter: messy finances raise prospect of bankruptcy
Chief’s forecasts give social media company less than a year before it needs more funds


If Elon Musk’s off-the-cuff financial statements are accurate, Twitter’s creditors should brace themselves for a potential default. On Tuesday, the billionaire entrepreneur made an impromptu appearance on the platform’s live audio service and told listeners the situation was “not good”. 

Musk cast himself in the role of austerity saviour, saying that before his cost cuts Twitter’s outflows were set to reach $6.5bn next year, including interest payments. His forecast of $3bn in revenue and $1bn in cash gave Twitter less than a year before it needed to raise more funds or risk missing payments.

Job cuts lower outflows, albeit that redundancy payments will eat into savings. Musk has removed half the workforce. Others have left voluntarily and workers are under order to find $1bn in infrastructure savings. If he can halve costs, Musk can push the crunch point forward to early 2024.

Of course, costs may rise, eroding that advantage. Twitter has $12.5bn of debt as the result of Musk’s leveraged buyout, creating $1.5bn of annual debt servicing costs. Twitter is, by extrapolation, paying an eye-watering interest rate of around 12 per cent. This is partly because of rising rates but it is also a marker of the high risks perceived by lenders. Intangibles and short-term investments make up a large proportion of Twitter’s assets. Most of the debt is unsecured.

Banks still appear to have underestimated the problems ahead. The company has not reported an annual profit since 2019. But at least revenue was growing before Musk arrived. Now it is forecast to drop 40 per cent from 2021, the last full year of results prior to the takeover. The fall reflects a worse exodus of advertisers than rivals have experienced. S&P Global expects social media peer Snap to report 23 per cent revenue growth over the same time period.

This is Musk’s fault. Advertisers are unhappy that his relaxation of moderation has increased the risk of adverts appearing alongside abhorrent content.

Investors, including Musk, could lose their equity. Filing for Chapter 11 bankruptcy would allow the company to reorganise and even raise new funds to support ambitious Super App plans. But creditors would have to agree. They could also take control of the company.

Musk may opt to buy the debt himself. But if banks offload it elsewhere, Twitter may end up in the hands of distressed debt funds. From frying pan to fire in one easy flip.

https://www.ft.com/content/59649af9-2538-4121-af3c-f35b337522c4?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev

Added to Elon Musk's woes is the fact that sacked disgruntled employees are starting their own social media platform, in a addition to Jack Dorsey launching a new platform. All to compete with Twitter.
It will be a miracle if twitter doesn't file for bankruptcy within the next 12 months with the way Elon Musk is running Twitter.

boldtruthalways:
When I saw the poll, I laughed because I know the guy wants to know his enemies. How can you handover your 44billion dollars investment to another person? Who does that? Some mumus that hate Conservatives were rejoicing that Elon is about to go. What a shameful society we have now.
2ndly, that poll showed that men who don't want truth to stand in the society are gradually outnumbering those that love the truth. May God protect His people all over the world. Its time for men of conscience all over the world to stand up and fight otherwise the wicked will take over the society.

Isn't it ironic that conversatives who claim they stand for truth, family values and God, engage in lies and conspiracy theories, are multiple divorcees, have multiple sexual partners even while married and always advocating for violence (fighting)?

Meanwhile, its was just revealed that Trump lied that his taxes were under audit, and that was why it was not released in the last 10 years. Trump had been committing tax fraud for decades, but MAGAs will excuse anything from Trump as long as he attacks the libs.

https://youtube.com/watch?v=W1yHsra4hKw&feature=shares

Slawomirr:
Damnnn niggar
Isoright....
Na the simple dressing this man take enter world cup finals I love

Despite the amount of money he get....he nor wear blings blings....no gold chain...nothing

Just ordinary shirt

That's what I love about truly rich people, they don't need to convince anyone that they are rich.

See the richest man in the world wearing only jeans and tee-shirt, and the Arabs are worshiping him.

Meanwhile some black nigga with little fame and money will wear bling bling of gold and designer clothes, just to convince people that he has arrived.

treatise:
Did he release any new song like the balablu?

How will we know when they never present video or audios of the so called townhall meetings. They only post photos and written texts.

Me, I don't believe most reports coming from Tinubus media team, given the history of deceit and lies propagated in the past. They should be presenting videos instead of pictures, as pictures could be easily photophopped. The pictures in the opening page looked photophopped with Tinubu superimposed on crowds. Why can't they post videos? abi, their phone cameras no dey take videos?

I don't trust any information that comes from Tinubu and his media team without concrete evidence.

hiltop2:
Yes they killed all the black slaves in their country unlike other south American neighbours like Brazil, Colombia and the rest, bloody racist

That's what I noticed about Argentina. The neighbouring countries of Chile, Bolivia and Paraguay has a sizeable black population, they also have sizeable native American population. Meanwhile Argentina has almost all European population. What happened to the indigenous native American population and what happened to the slave population taken from Africa?

Argentina is the only team in this world Cup outside the far Eastern countries without any black players.

peepydelano:
Kneeling down to engage a lady is so demeaning, this Christians and their weird ways of demeaning their men ehn kai. That’s how they went and borrowed the foreign idea of monogamy and introduced it into their religion.

True. I have never liked the idea of kneeling down to propose to a lady. It's demeaning, not only to the guy but also to the male specie. Why kneel down and beg a girl to marry you, when it you that will pay her bride price, pay for the wedding and the take the burden of her upkeep from her family?
She should say yes based on love and not on pity.

I wonder where the Europeans got the stupid idea from.

TurningPD:
[color=#990000][/color]It's not the by making excuses with what you have but committing yourself to the greater goo the lord has set for you. juist like king Solomon in the Bible, he asked for what is most important than material things which......
there is no excuse for foolishness...... Go and read this book from Past Daniel Adebayo called The unknown secret to king Solomon's Wealth. follow the link below
http://turningpointdiscovery.com/#

Leave story. King Solomon's wealth was a fable, just like most stories of the old testament.

There was no way the King of a small canaanite desert tribe with little or no natural resources richer than Egypt at any time in the past.

Where is the evidence of King Solomon's wealth today. King Tutankhamen wealth was found in Egypt. His coffin alone is worth hundreds of millions of dollars in today's value. And we have not even started talking about the pyramids.

adamusuleiman1:
'Elon abandoned Tesla': The EV maker's 3rd-largest individual shareholder calls for a new CEO as the Twitter circus tests investor patience.

Investor patience in Tesla is wearing thin as CEO Elon Musk shifts his focus to running Twitter.
KoGuan Leo, Tesla's third largest individual shareholder, tweeted that it may be time for a new CEO.

"Elon abandoned Tesla and Tesla has no working CEO. Tesla needs and deserves to have working full time CEO," Leo tweeted on Wednesday.

Elon's twitter debacle will be his albatross. If he is not careful, it will destroy not only twitter but also his other companies, particularly Telsa and SpaceX. He has abandoned these companies and is completely obsessed with twitter. Even Jack Dorsey was not that engrossed with the day to day running of twitter.

Since Elon take over of twitter, his other companies lacked a functional CEO.

All hail the new defender of free speech.

Latest Trump stupid stunt. He posted an image of himself as superhero in the mold of superman, but with a T in his costume instead of S.

Maybe he is trying to remind his worshippers of his supernatural powers he has over them.

tallceejay:
In 2014, GEJs govt awarded this contract (and the link roads, bridge alone 117b) for N130b
To have been completed by 2018. buhari comes in 2015, cancels it(after all foreign equipments had been bought on site!) At 15% completion stage! .they then re-awarded it for N206billion. Today they claim the project has gulped N414b. This bridge is 1.63km. Here's the kicker, a 1.75km bridge was built in Senegal for under N52b ! So I'm not sure who God will punish and who will be blessed.

"I do not make empty promises in my campaign because whatever I promise to do, I had already carried out adequate study to make sure I can accomplish it in the next four years.” - president Goodluck Jonathan pomise during campaign in Onitisha on February 26, 2011.

Reno is just calling for an invitation to "come and eat" at Tinubu's dinner table. Its not fair that his fellow "come and eat" member, FFK had been invited and is eating fat, but he was ignored.

When he was eating from Jonathan's dinner table, Reno was praising Igbos to high heavens, massaging their egos, then he was loved by the igbos.