Genius100:


Look at what happened in the last few years when for example, official rate was N450 and parallel rate was N800. Nigeria essentially restricted the people that could get the dollar at N450. What that means is that there is a thriving black market where the rates are much higher. First, International airlines that sold tickets in Naira and wanted to convert their money to Dollars to take it back to their country could not do so because CBN did not have enough dollars to give them. Nigeria became the number 1 country where airlines had their money stuck. So this puts the country in a situation where foreign entities would not want to invest in the country.

Now think about Diasporan remittances which is supposed to be over $20 billion a year. This money will never come through the official changes because no one will change dollars for N450 when parallel rate is N800. So consequently, the CBN reserves became very low. With low forex reserves, the Country was in a position where we almost could not pay our foreign debt back which constitutes is a death sentence to the economy, if we default.

Also, the Diasporan remittances never made it into the country. It was being held by certain Fintech and their partner banks in Nigeria. They hoarded it which made dollars more scarce and led to Naira continuing to lose value. They were seeing crazy gains while the rest of the country suffered.

Compare that to when you float. The official rates and parallel rates are largely harmonized. Now Diasporans can send money through officially licensed IMTOs. These IMTOs will give the CBN a certain percentage of the dollars- let's say 50% - That amounts to about $10 billion.

Second, the people that were speculating and hoarding millions of dollars for gains, now can no longer make arbitrage money because there is no longer substantial difference in rates between official and parallel. Those dollars can now go to productive activity. Last, foreign companies now know they can get their money in and out of the country which will spur investments.

Ultimately, floating allows CBN to grow its reserves, which allows Nigeria to service debts and also procure additional low interest debt that can be used for the desperately needed capital investments in the country.

Well articulated and laid out logically.
Great job.

guobe:
It is the start of a new year and most Christians do practice the act of fresh fruits whereby your first salary in the year or fresh profit of business, first money of your new marriage etc is given to the church.
In this harsh agbado economy in Nigeria,is it possible to practice the act of giving first fruits.

Yes..give your whole salary to your pastor so he can continue to prosper - properties in Dubai, private jet, etc

sheikh007:



Bro.. no one is compelling anyone to give or sacrifice anything.. some even give grudgingly and loose out.. giving isn’t forced or compulsory..

I agree. But it seems some go to Shiloh and these crusades and end up giving more than they should.
I've a friend who attended Shiloh last year and he gave a "Sacrifice" and he ended up seeking for financial assistance from me and others who don't pay tithe, offerings, sow seed, etc.
I was shocked.

EmekaBlue:
Cashout time. Shiloh is here again

Shiloh is all about cashing out big and that's why they came up with "Shiloh Sacrifice" where the attendees give out their salaries, cars, houses, plot of land, etc in addition to paying their tithe and offerings.
Then after Shiloh and other crusades, the attendees return to their daily vice of cursing, stealing, cutting corners, lying, hatred, etc

After all these Shiloh, crusades, etc, Nigerians give their Shiloh sacrifice, tithes, seed sowing, etc and return to their daily vice of cursing, stealing, cutting corners, lying, hatred, etc
The cycle continues..

ReacherSaidNoth:
I'm curious, how do Churchians feel when their lives remain unchanged after the many programs with colourful themes?

It's the Pastorpreneur's lives that keeps changing because of increased revenue through tithes, seed sowing, congress sacrifice, etc.
After all these congress, Shiloh, crusades, etc..the attendees return to continue their daily vice of lying, stealing, cutting corners, cursing, etc

socialmediaman:
Let's test this projection:

1. Price of oil will stay up because of the conflicts in the middle east and eastern europe, which should be an advantage to Nigeria. The problem, however, is that Nigeria has swapped a lot of crude oil for advance payment, so this may not really make much impact

2. After what Buhari did in the last election, a lot of corrupt money will be in USD under lock and key permanently because politicians don't want to go through those problems again, so there will be continued demand pressure on USD

3. Nigeria exports very little and imports a lot, so USD inflow from business exports is not significant enough to drive down demand pressure on USD.

4. International remittances from abroad should ordinarily provide some liquidity, but the internal pressure from businessmen (importers), corrupt politicians, and JAPA people will continue to put demand pressure on the USD

5. USD has been rising against other currencies of the world not just the naira, if that trend continues, why will it crash against the naira?

6. Nigeria is a very corrupt country, policies rarely work, especially coming from a government with disputed legitimacy. Politicians are taking advantage of FX corrupt backdoor deals happening daily in the country, and I don't see this ending anytime soon

I think what happening is the usual rise of fall wedges while the currency is on its way up, as shown below

Verdict: We believe there is no solid evidence to back the claim that USD will crash against the naira

You're spot on and I applaud your logical and well articulated assertion.

TimT:
Why? Is it not money she is using? Why degrading women?
Some men just carry empty head and call it brain...
Is it a crime let a married woman pay house rent?
Is it not thesame house they both stay?
So if something happens that the man cannot afford the rent, the woman will sit back and wait for what landlord will do, knowing full well that she has the money to pay?
Or if she is willing to pay, masculine pride shouldn't allow me to agree!!!
We so much hold high esteem of ourselves about marriages yet many are living in bondage...
You all are saying women shouldn't pay rent or feed the man, yet you all are saying "a woman who can't bring anything to the table isn't worth been married to"...
Confusion left and right...
No worry, just allow pride Nd ego allow landlord pack Ur bag throw ..

Well said. I applaud your logical reasoning.

ShoeWorld1:
Please who has experienced this penis magic before?

Does the penis disappear and automatically turn to hole or does that place got sealed

Exactly my assertion!
I just laugh when I read stuff like this.

KnownUnknown:


If you believe then this you deserve to be bamboozled.



hlHe needs to stick to telling lies about Nigeria and what he knows. Rockefeller made his money off a monopoly on Oil with his Standard Oil Company during an age when there was minimal regulation in America.

Regardless , Oyedepo is a very good example of the depravity and greed promoted by Judaism and excused by Christianity.

Exactly my assertions.
He's a business man selling hope of prosperity to his followers in exchange for their tithes, offerings, seed sowing, Shiloh sacrifice, etc.

Goodlady:

In your dreams. I v to agree a prenuptial with you. You v to do as I say.

I can agree to a prenuptial. When can we get started?

Goodlady:

His ex wife wasn't greedy. It's the norm there.
I m not angry with Hakimi but mumu men that think they can do as he did.
To save story, that prenuptial agreement is indeed important. You guys never see anything!

If we meet and get married, I'll do exactly what Hakimi did.
All unmarried men should do the same to protect themselves from women like you.

Skyfornia:
Me that drank tea everyday for four years non stop..I should be on that book.

Tea? When your mates are winning awards for the longest knacking of babes.

fourboys:
Thank God for ppl like Hakimi... Ordinary girl friend ooo

Hakimi has to be one of the smartest men out there.
A true role model.

Brokeness:


That quote is not always right. If I make it tomorrow, no woman born of a woman can mar me except my mother. Hakimi is an example

Hakimi is role model to all real men like us. I applaud him.

ednut1:
If you dont pay tithes your life will still progress. Stop giving your hard earned money to pastor who use it to take their kids abroad, buy jets and houses, use it sleep with female celebrities. Una mumu no too much

Exactly my assertion.
All my friends who pay tithe don't give to the poor, orphans, widows.
They also said they don't have a dedicated savings account for their kids college education.
I advised them to invest that "tithe" into Treasury bills for their kids future.

Built2last:
LAY MAN BREAKDOWN OF OBI CASE AGAINST TINUBU AND INEC.

1 Obi say Tinubu “was fined $460,000 for an offence involving dishonesty, namely narcotics trafficking imposed by the United States District Court, Northern District of Illinois, Eastern Division, in case no:93C 4483″ between the United States of America and Bola Tinubu. Meaning Tinubu was an alleged DRUG BARON. Anybody wey don pay fine to any govt for drug business no suppose contest for any election for Nigeria .( I go explain this more in my bullet) .

2.Obi say Tinubu no suppose to appoint Shettima as Vice because at the time wey he appointed Shettima , say the guy was still senator contesting for Borno and also at the same time contesting for Vice President. It was against the electoral act. Yet, INEC approve am . He submit evidence to prove am. So therefore Tinubu elections is void.

3. Obi say , them say for the electoral act dem go use BVAS upload and submit result , dem no do am . So therefore the election should be canceled.

4.Obi say the electoral act say to be declared President you must win at least two third of all state and and Abuja but say he no win am and even in Abuja he no score the 25% so no be for am.

5. Obi say the forensic evidence wey he get show say votes wey INEC record many pass the accreditation wey the Obi forensic do and that they have the evidence to prove it on so many states and if na so, the electoral law say the whole election would be canceled.

6. And say votes wey dem count for Tinubu for Rivers, Lagos,Taraba, Benue,Adamawa, Imo, Bauchi, Borno , Kaduna, Plateau, and other states of the Federation na Obi votes them give Tinubu and their forensic prove am.

7.Say INEC violate their own law by announcing Tinubu as President when them never upload result finish for their Portal. So it has to be canceled.

8. Obi say the law wey set up INEC say if Pooling agent see any wahala and report am , INEC suppose stop the election or cancel am until they address the issue of agents. But say dem no do am even as many polling agents and LP agent raised alarm of politicians forcing them to write fake results. Say he get plenty evidence to show.

This promises to be the biggest election trial in Africa. Obi is not leaving any stone unturned. His team are making frantic effort to get U.S department to testify that such case transpired and that Tinubu forfeited 460k dollars to avoid jail.

Buy pop corn and chill. Interesting days ahead

Great summary and looking forward to the interesting days.

Erlylife:
Please if anybody can help me with any little amount to eat I will be very happy. Feeding is a big problem for me and my family please no matter how small. I havent eaten anything since yesterday in the morning pls. My dad is a retired teacher and my mom is late. Am a single mother with my own son mouth to feed, the little money i make have use it to cater for my dad illness and pay house rent but his health is getting worst. Now we can't even eat or buy water to drink. Please if you're reading this message pls come to our aid, no matter how small it will go a long way pls. Almighty God meet you at the point of your need as you have show us mercy amen
Acct num:

318747

8996

Faith
First Bank

But there's money to buy Data to browse.

Aprocco:



For you to know how tribalistic Yorubas are, go to Sokoto and call it a no- mans- land and let us check the number of ibos that would be alive in the state the following morning.

Or elect a Yoruba man with vile tweets against Igbo.

Infact just do this easy one- Elect an Osu caste son of your own Tribe as a Governor. Let's check how accommodating the igbos are.

I've to agree with you because I've seen how Osu people are treated and rejected.
I kept asking myself what the hell is going on - igbos being 'tribalistic' amongst the Osu people who are also Igbos.

Connoisseur:
My views on the 2023 Presidential elections are not and will not be popular amongst my tribesmen and region but it is still my opinion and I reserve the right to hold them.

Against all odds and against every substantial hurdle placed in his path, Bola Ahmed Tinubu contested and won the elections; fact. From the consensus factor in the party primaries to the emergency naira notes redesign because of some alleged 400 billion naira stockpile of old notes, Tinubu came out victorious.

This election also points out the brazen sentimental approach and selfish demeanor of most Nigerians who are so comfortable with breaking the law and disregarding the provisions of the constitution as long as it is done in their favour.

I do not believe that most Nigerians actually goaded and supported the President of the Federal Republic of Nigeria to disregard a substiting order of the Supreme Court just because they believed it was in their favor. Nigerians were ready to forgive the 8 years of disaster called Buhari regime because he broke while seeming to fight their enemy who was considered his enemy at that time too.

Our people queued behind the call to the President to cancel the collation of a national election not minding the dangerous precedent it was going to set and the dangers inherent for our democracy,all these for the fact that a candidate was loosing in the polls.

Peter Gregory Obi is a good man with good intentions but sadly, he could not garner enough votes to be the President. This was not surprising to many discerning and politically enlightened Nigerians, himself included. He put up a fierce fight, won many battles but lost the war. It is not the end of the road. This is the time to strategise, form alliances and wait for his time.

To BAT, you have won the war. Be magnanimous in victory. Prove your critics wrong. You were not wrong to aspire to the highest office in the land. You built alliances, paid your dues and waited for your time. It is not wrong to dream. Heck, everyone of us has our dreams. Be fair to Nigeria and Nigerians and make living in Nigeria worth it.

To my tribesmen, I can understand the pressure to go to our previous slogans. But if we pay our dues, try to build alliances with others, we might actually get our dues that have been denied us for a long time. We will all be better off in a prosperous, working Nigeria.

Disagree or agree, this is my opinion and I hold the right to it

Well articulated.
I agree 100% with your assertions.

Talawaka:
Tinubu is God's project?
My people and the God delusion and like 5 & 6.

Well said.

DSC7:
Asiwaju would have bought votes for as much as N50k per vote if CBN did not stop him.

He wants this presidency so much that he had cash stored in vaults in billions ahead since 2019.

His ambition to be president was why Ambode, a sitting governor, was ousted despite pleas that he should be allowed to complete his second term and a new puppet installed that would aide his ascention to Aso Rock without any question when it comes to reeling out Lagos state funds for it.

The same way he made every candidate in the APC primary looked like nothing is what he planned for this election.

During the primaries, some northern governors were given 1million dollars each. A certain wife of a powerful man also got a new house gift in Dubai worth 5m dollars. Everybody around Buhari was bought.

Even after they had previously agreed with the president for a consensus candidate, Buhari was shocked to see all APC governors suddenly insist on primary elections.

The man bought even Buhari's maids, cleaners and cooks.

That was when Buhari realized that if he allows this man take over from him as president, he will sell Nigeria and turn us all to his slaves.

The man began plotting on how to ensure his money does not get him there and that was how genius Emefiele hinted the president of the strategy of the new notes.

Now for you to carry N10, 000,000, you will need 50,000 pieces of N200 notes, meaning you will need a bullion van.

Bubu show the city boy say him be old soldier... 😂😂🤣

Since then, his partners in crime have been crying like hungry lions.

Buhari locked Dasuki up for almost 4 years against court order, they did not talk. Buhari kept Nnamdi Kanu in detention against court order, they did not talk, Buhari detained El zakzakky against court orders, none of them talked and many more but suddenly they want the same Buhari to obey Supreme Court so that their candidate can buy votes?

Bush meat has now caught the hunter 🤪😄😂

Well said.

iLoveYouToo:
Upon all the evil prayers and curses these men of god sent at Freeze, he’s still doing quite well. Makes me wonder whether these men are truly who they claim to be; or Freeze is right after all. Weird shit

Freeze has been spot on all along because he backs it up with scriptures.
These pastorpreneurs who criticize and curse him know deep down he's right.

Buliwyf:


Thank you.

Africans are just idiots. They will see something they can't explain instead of seeking for other explanations for it and investigating in the days of Google and the internet they will shout "juju" like morons.

Well said.

goody234:
Nigerians and their foolish talk ...magun ko magun ni ...The guy probably overdosed on cheap chinese viagra or he drank those cheap drinks filled with gin and crushed viagra ..

Exactly! The aphrodisiac drink must have elevated his existing hypertension which triggered cadiac arrest.
It's so sad a lot of Nigerians don't reason logically and apply critical thinking like us.

udomonday:
The woman was probably shouting faster faster,harder harder,and the man was busy using his last strength and breath to impress.nothing like magun.

Exactly my assertion and reasoning.
He also probably also had hypertension and could have taken any aphrodisiac that further elevated his blood pressure triggering a cardiac arrest.

pretydiva:
Congratulations. Can't wait for mine

I'm yours.

UNDFTD:
Maybe Mr.Adeboye and all the Liegerian pastors must NOT be praying to the true GOD. These so-called men of GOD have been praying for Liegeria for decades on end but nothing has ever changed. Rather, things are getting worse the more they pray. I find it very deceptive when these pastors employ spiritual intervention in matters that only hard work and physical intervention would solve. These charlatans would preach to their congregants that prayers alone would solve whatever problem they might have. And that if their prayers are NOT answered by God, that means they are sinners. They would also tell them that God is the only protection they would ever need for their safety but they themselves would employ all kinds of security to guard and protect them and their families. If they so much believe in their power of prayers, why would they employ security guards to protect their own lives? I find such behaviors very deceptive and condemnable. How can Pastor Adeboye be clear-eyed and clear mind-seek divine intervention as a means of ending terrorism? It's either he's smoking tainted weed or he's being very disingenuous.

Exactly my assertions.

Creamypie:
no . its you who deserve [/b]certificate of foolishness[b] . If you ask each of em in this pic to identify God, they will give different identity.

Lol @ bolded.

Holybaddo:
Know your health status and that of your patner before you go for a romp.

Most of all this energy boosters can harm someone with heart problems
So if you know you have any heart illness/weak heart stay away from Boosters

Exactly!
A lot of men have high blood pressure without even knowing it and then they take these boosters during sex and then the women keep screaming "Harder harder ..faster faster.."...the rest is history.

Giltexo:
Na the Bored Ape yatch Club NFT art on the wall for me ...na that one I see ....

Good observation.
That's a great asset