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Nairaland Forum / Entertainment / Sports / European Football (EPL, UEFA, La Liga) / EPL Chatroom - All Discussions (1938495 Views)
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Re: EPL Chatroom - All Discussions by BlueRayDick: 5:54pm On Mar 21 |
Ibime: This is what I was about saying . The whole world is watching ; however they end up solving this issue will determine the eventual decisions all those potential investors theyve traveling all over the globe to woo. |
Re: EPL Chatroom - All Discussions by BlueRayDick: 5:56pm On Mar 21 |
Itsrm: And yet CBN is trying to force down foreign exchange loss in the airline operators businesses ? No be so now. Na wetin dey Pursue foreign investors be this na. U can fast and pray 24/7 for FDI , but if u treat existing investors like this u just dey whine urself 1 Like |
Re: EPL Chatroom - All Discussions by Itsrm(m): 5:58pm On Mar 21 |
izzou: You're right. That's why FDIs are not coming in for now. The country has always had that exchange rate risk. Anyone bringing in their money must factor it in and hedge against it. Banks for instance have a treasury department. Their major job is managing Fx exposure and risk. |
Re: EPL Chatroom - All Discussions by OasisX: 6:00pm On Mar 21 |
BREAKING: Meta to introduce in June 2024 a feature on its Instagram app that will allow Nigerian creators to monetize their content to enable them to earn a living using the app Meta's President of Global Affairs, Nick Clegg disclosed this after meeting with President Tinubu today at the presidential villa. 2 Likes
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Re: EPL Chatroom - All Discussions by OasisX: 6:04pm On Mar 21 |
Something is off with the Airline forex backlog story. But this is what I think the problem is. They have their money trapped in Naira ( which doesn’t make sense) without a forward forex contract( which doesn’t also make sense). A Forward contract stipulates the rate and specific period to exchange currencies. Maybe they had a “gentleman” agreement with Emefiele. Now with the devaluation of naira, if Naira is to be converted to dollars at the current rate, they will lose out. Last year N1500, could get me $3 at the official window. This year N1500 can only get me $1 , meaning I will lose $2. Who will make up for the “supposed” $2 loss ? I believe the Airlines probably want to game the system and dint envisage the downward spiral of naira converging with the black market rate as they probably wanted an official rate and then reselling to the black market hereby making naira gains. There may also be some claims that look shady and Cardoso isn’t ready to pay. - @OpeBee |
Re: EPL Chatroom - All Discussions by TrebleChamp(m): 6:17pm On Mar 21 |
Itsrm:Polaris bank is buying at 👇
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Re: EPL Chatroom - All Discussions by patrickmuf(m): 6:17pm On Mar 21 |
https://www.lindaikejisblog.com/2024/3/two-youths-die-in-cross-river-mining-site-2.html Blueraydick, remember that discussion we had here. |
Re: EPL Chatroom - All Discussions by Itsrm(m): 6:19pm On Mar 21 |
TrebleChamp: These ones are jokers 3 Likes |
Re: EPL Chatroom - All Discussions by TrebleChamp(m): 6:19pm On Mar 21 |
Itsrm:Weyrey bank |
Re: EPL Chatroom - All Discussions by OasisX: 6:29pm On Mar 21 |
I formally received the marshals drawn from the Nigeria Security and Civil Defence Corps (NSCDC) and charged them to stem theft and all nefarious activities around our mineral resources to ensure we reap maximum benefits from our God-given resources. The Mines Marshal, as part of the new security architecture, will have their command and control domiciled in the Ministry of Solid Minerals Development (MSMD), with an initial 60 operatives deployed in each state and the FCT. I commend my interior counterpart Hon. Olubunmi Tunji -Ojo for working tirelessly with my ministry to achieve this feat, and I am pleased to launch the first batch of this security apparatus today. The Mines Marshal, an inter-agency security outfit, will also include special operatives from other security agencies and will operate with a focus on technological advancements. - Dele Alake [Minister for Solid Minerals]
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Re: EPL Chatroom - All Discussions by OasisX: 6:29pm On Mar 21 |
TrebleChamp: |
Re: EPL Chatroom - All Discussions by User09: 6:47pm On Mar 21 |
LordAdam16: I suspect you've got Fx demand data going by the conviction in your posts. CBN's play is to stabilize in the short term. Isnt Fiscal play supposed to the long term driver again? There's been some remarkable growth lately in the FX reserves ( which has always been the main issue) so I suspect they can compete at least in the short to mid term. I hope you also realize there's been some level of M3 repositioning and so long at its still Naira purchasing the dollar, this can be effectively be monitored/contained by the CBN. Also the bolded is wrong, you are supposed to multiply not add. As basic as it seems, a lot of people keep making this mistake. |
Re: EPL Chatroom - All Discussions by liveLongNprospa(m): 7:01pm On Mar 21 |
Try dey understand sha 2 Likes
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Re: EPL Chatroom - All Discussions by Ellexy: 7:03pm On Mar 21 |
OasisX:Your problem most times is comprehension. Prosper shared a headline that said "Foreign Airlines Dispute CBN's claim of settled Fx backlogs." With your agenda tainted glasses and biro, you rushed to crop and post one side of the disputing parties to run agenda while ignoring the other. Seeing as you don't know what dispute means I had to intervene . That's why I told you the Headline was correct. 10 Likes 1 Share |
Re: EPL Chatroom - All Discussions by User09: 7:06pm On Mar 21 |
Itsrm: Unfair on who? Whose business is it to hedge their revenue proceeds? As far as I know the counterparties to most FRA's in Nigeria is still CBN, so why would they lose in 2 folds? Except there's been some payment terms agreement by the other CBN governor, they would have to take the hit 1 Like |
Re: EPL Chatroom - All Discussions by OasisX: 7:08pm On Mar 21 |
Ellexy: ......your mumuness is legendary. Read what your colleague posted again, but slowly this time around. LOL! 1 Like |
Re: EPL Chatroom - All Discussions by larride(m): 7:10pm On Mar 21 |
Itsrm: Yes. It's not fair to then but it's as it is. |
Re: EPL Chatroom - All Discussions by larride(m): 7:12pm On Mar 21 |
BlueRayDick: Yes, that what happened. That's what made their money stuck. If they have a fx forward contract with the CBN, it will already specify the rate at which they will get their $$ but if they dont, they will get it at the current NAFEM rate. |
Re: EPL Chatroom - All Discussions by liveLongNprospa(m): 7:14pm On Mar 21 |
Ellexy: I wonder what "disputing" means to these people at this point😮💨 6 Likes |
Re: EPL Chatroom - All Discussions by Ellexy: 7:15pm On Mar 21 |
OasisX:If you're half as smart as you think you are, you'll be twice as smart as you are right now to understand what dispute means. But no you're not. 7 Likes |
Re: EPL Chatroom - All Discussions by Ellexy: 7:16pm On Mar 21 |
2 Likes |
Re: EPL Chatroom - All Discussions by liveLongNprospa(m): 7:17pm On Mar 21 |
6 Likes |
Re: EPL Chatroom - All Discussions by BlueRayDick: 7:19pm On Mar 21 |
larride: Well, I'm guessing CBN didn't just use word of mouth to tell them they will get their funds repatriated at so so rate in the future . There must be an official communication to that effect. Whether such official document is now enforceable legally is mother thing entirely . But one thing is obvious ; things like this don't boost investors confidence one bit . |
Re: EPL Chatroom - All Discussions by BlueRayDick: 7:25pm On Mar 21 |
patrickmuf: Na wa o. So people just mine at their own convenience without having any clue |
Re: EPL Chatroom - All Discussions by larride(m): 7:27pm On Mar 21 |
Ibime: Well you are right if they already have a fx forward contract with the CBN, I believe a fx forward contract will specify the rate in which they will get their $$ during reparations. So if the CBN is telling them they will get it their stuck funds at the current NAFEM rate, it means they dont have a fx forward contract. I might be wrong though. |
Re: EPL Chatroom - All Discussions by OasisX: 7:29pm On Mar 21 |
Ellexy: .....your colleague has shared another Epistle with no name, help him push it bro. Bird of a feather. He accused FG of "propaganda" but na "dispute" be the koko. Since yeye agenda didn't fly, una want use style fold ba?! LOL! Propaganda nor dey hard to dispel. 3 Likes |
Re: EPL Chatroom - All Discussions by larride(m): 7:30pm On Mar 21 |
TrebleChamp: Must be ment. Make them kuku carry gun. |
Re: EPL Chatroom - All Discussions by larride(m): 7:35pm On Mar 21 |
BlueRayDick: If the document exist, it is legally binding. |
Re: EPL Chatroom - All Discussions by Amoto94(m): 7:44pm On Mar 21 |
larride:Thanks for your concern, I'm hale and hearty. Trust you are good, too? |
Re: EPL Chatroom - All Discussions by Ellexy: 7:48pm On Mar 21 |
OasisX:He accused FG of propaganda lmao. This government is synonymous with propaganda na eg.... Dubai is back x2... Subsidy gone... Student loan will start in September.... Minimum wage... Palliatives... Now FX backlogs cleared... Meanwhile Cardi B manipulating the market and steadily cashing out. Breeze go soon blow and fowl nyash go show. 6 Likes |
Re: EPL Chatroom - All Discussions by OasisX: 7:55pm On Mar 21 |
Ellexy: ......Oooin! You don finally let the cat out of the bag. If wishes were horses though. LOL! 2 Likes |
Re: EPL Chatroom - All Discussions by Ellexy: 8:02pm On Mar 21 |
OasisX:I actually pray he does well, but propaganda won't help him oo. Anyway time is a revealer so we wait and see. 7 Likes
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