Stats: 3,190,158 members, 7,939,649 topics. Date: Wednesday, 04 September 2024 at 09:49 AM |
Nairaland Forum / Entertainment / Sports / European Football (EPL, UEFA, La Liga) / EPL Chatroom - All Discussions (1826567 Views)
EPL: Huddlesfield Town Vs Manchester City (full time) 1-2 / EPL: Weekend's Results, Updated Premier League Table And Top Scorers / EPL: Five Things We Learnt From The English Premier League This Weekend (2) (3) (4)
(1) (2) (3) ... (4515) (4516) (4517) (4518) (4519) (4520) (4521) ... (5222) (Reply) (Go Down)
Re: EPL Chatroom - All Discussions by User09: 12:34pm On Apr 03 |
To be fair OasisX, CBN is simply deferring the dooms day forward which is why there still needs to be a long term strategy in play. Remember that at maturity these FPI's will be needing their expensive dollars back But so far, they have handled the short term really well and confidence in the fx market is largely returning . |
Re: EPL Chatroom - All Discussions by User09: 12:39pm On Apr 03 |
raumdeuter: I think if there would be any petroleum subsidy, I'ld rather the government deals directly and only with Dangote than any of those other refineries they claim to be refurbishing all the time. For transparency purposes given that his books will be open and any form of corruption/fraud with subsidies will be minimal |
Re: EPL Chatroom - All Discussions by Ellexy: 12:43pm On Apr 03 |
BlueRayDick:Despite all the hype and build up around Toronaga since the first episode, there's no ruthlessness about him. He's just been pushed around and bowing the knee at every turn. |
Re: EPL Chatroom - All Discussions by LordAdam16: 12:50pm On Apr 03 |
User09: I will not entertain willful ignorance. Nothing about the reserves declining by $400m in 8 days signals "low volume". https://www.cbn.gov.ng/IntOps/Reserve.asp The circular for the last BDC intervention was dated March 25. That's a Monday. https://nairametrics.com/2024/03/25/cbn-sells-forex-to-bdcs-n1251-1/ The previous trading day was Friday, March 22. The intra-day low on Friday, March 22 was 1301. https://businessday.ng/news/article/naira-shows-strength-as-fx-trading-week-ends/ Don't come at me with "alternative facts". I expect you to have your ducks in a row before you dispatch a rejoinder. -Lord 9 Likes |
Re: EPL Chatroom - All Discussions by raumdeuter: 12:50pm On Apr 03 |
iamoyindamola: Swun we choose us a mod like when the Israelites went to Samuel and told him we want a king now appoint a king to lead[b] us, such as all the other nations have.” 6 But when they said, “Give us a king to lead us,” this displeased Samuel; so he prayed to the Lord. 7 And the Lord told him: “Listen to all that the people are saying to you; it is not you they have rejected, but they have rejected me as their king. 8 As they have done from the day I brought them up out of Egypt until this day, forsaking me and serving other gods, so they are doing to you. 9 Now listen to them; but warn them solemnly and let them know what the king who will reign over them will claim as his rights.” 10 Samuel told all the words of the Lord to the people who were asking him for a king. 11 He said, “This is what the king who will reign over you will claim as his rights: He will take your sons and make them serve with his chariots and horses, and they will run in front of his chariots. 12 Some he will assign to be commanders of thousands and commanders of fifties, and others to plow his ground and reap his harvest, and still others to make weapons of war and equipment for his chariots. 13 He will take your daughters to be perfumers and cooks and bakers. 14 He will take the best of your fields and vineyards and olive groves and give them to his attendants. 15 He will take a tenth of your grain and of your vintage and give it to his officials and attendants. 16 Your male and female servants and the best of your cattle[c] and donkeys he will take for his own use. 17 He will take a tenth of your flocks, and you yourselves will become his slaves. 18 When that day comes, you will cry out for relief from the king you have chosen, but the Lord will not answer you in that day.” 19 But the people refused to listen to Samuel. “No!” they said. “We want a king over us. 20 Then we will be like all the other nations, with a king to lead us and to go out before us and fight our battles.” 21 When Samuel heard all that the people said, he repeated it before the Lord. 22 The Lord answered, “Listen to them and give them a king.” 4 Likes 2 Shares |
Re: EPL Chatroom - All Discussions by raumdeuter: 12:52pm On Apr 03 |
iamoyindamola: I nominate sod09 to be our mod Yay or Nay? The Yays have it 7 Likes 2 Shares |
Re: EPL Chatroom - All Discussions by BlueRayDick: 12:56pm On Apr 03 |
Ellexy: Toronaga is a cunning tactician and not a brute. If he was known for his brute force he would've lost his head since. He's walked himself out of near death situations. I believe we will see him in battle soon 1 Like |
Re: EPL Chatroom - All Discussions by raumdeuter: 1:10pm On Apr 03 |
User09: All those NNPC scam refinery that we do yearly turnaround maintenance on should be sold Let other private sector people too build refineries the more refineries, the more jobs less dependence on imported fuel |
Re: EPL Chatroom - All Discussions by User09: 1:23pm On Apr 03 |
LordAdam16: There are no alternative facts. A lot of what you seek is up there but you're just exhibiting confirmation bias Case 1 - Why dont you define "low volume" while you're at it. What is the total market volume and what percentage is this so called intervention by CBN. Dont just throw accretion data around, some of us have access to this data and have a fair understanding as to what is driving it. Man, you need to do your homework. Imagine showing me a net position and saying the only thing responsible for the movement is intervention in the fx market. ![]() ![]() Case 2 - I would expect you to check with FMDQ rates rather than a news article, and BTW you have your dates mixed up. Maybe check the rates for that week and tell me if you do not see the N1251 there. CBN is not obliged to pick the previous day rates as long as the rates being chosen is market-determined. I suspect that the decision may have even been made before that circular went out, so the referenced dates may not count 3 Likes |
Re: EPL Chatroom - All Discussions by Ibunkun1(m): 1:23pm On Apr 03 |
izzou: ![]() ![]() |
Re: EPL Chatroom - All Discussions by afrodoc2: 1:28pm On Apr 03 |
Ellexy: The former leader who Mariko's father betrayed was the ruthless one. Toranaga is a brilliant tactician on the battlefield and a cunning strategist in the political sphere. Being ruthless when your enemies are more powerful and far outnumber you, will only get you killed. |
Re: EPL Chatroom - All Discussions by AdisaOwala: 1:28pm On Apr 03 |
Eunoiaa: Oya sorry naaaa 2 Likes
|
Re: EPL Chatroom - All Discussions by LordAdam16: 1:41pm On Apr 03 |
User09: Far back in June 2023, Goldman Sachs demanded that interest rate be increased and backlogs cleared for liquidity to improve and unify the FX market rates. https://nairametrics.com/2023/06/15/fx-unification-goldman-sachs-urges-higher-interest-rates-and-clearing-fx-backlog/ Finally, in February 2024, Cardoso acquiesced. He increased interest rates, and more importantly, rate on short-term sovereign debt. Like clockwork, FPI brought in their money. https://www.reuters.com/markets/currencies/nigeria-sees-surge-forex-inflow-overseas-remittances-rise-2024-03-08 In total, the CBN has sold more than N5.6T worth of TBills in one quarter. That's more than the entire budget of the SW states. The circa N1T in interest due over the course of the year is the figure Nairametrics correctly quoted as an arguable cost of naira defense. https://nairametrics.com/2024/04/02/naira-defence-to-cost-cbn-n1-01-trillion-in-interest-rates-from-q1-ntb-auctions/ Now, even when we're all witness to the rapid, verifiable effect of this policy in raising the naira's value; you're using the conditional "maybe" and making it seem like an unintended consequence. Don't tell the CBN though. Just last Friday, Sidi-Ali could scarcely maintain her composure while informing the press that they had secured $1.5B in inflows following the latest rate hike to 24.75%. Further stating the inflows' essentiality in supporting the naira's rising value against the dollar. https://guardian.ng/news/cbn-policies-rake-in-1-5-billion-in-march-naira-climbs-to-1285-to-dollar/ We're all going off whatever the CBN is putting out. I highly recommend staying in the loop on this issue. -Lord |
Re: EPL Chatroom - All Discussions by BlueRayDick: 1:44pm On Apr 03 |
A part of Landmark is going down to pave way for the Coastal high recently announced.
|
Re: EPL Chatroom - All Discussions by larride(m): 2:00pm On Apr 03 |
izzou: That foolish son of Toranaga don die a foolish death. Omokomo |
Re: EPL Chatroom - All Discussions by User09: 2:00pm On Apr 03 |
LordAdam16: Again, the bolded is false. Quantitative tightening is no currency defense. Can Naira defend the Naira or are the instruments not being issued in Naira? Trade-offs are a common consequence of any economic action/cost. Naira strengthening is a consequence, not the reason. Monetary economics says inflation is more likely a reason for this. The only argument here is the alternative use of this money. Maybe an injection to the real sector but who knows? and it also comes at a price. The fixation on the dollar is not the only headache of the CBN |
Re: EPL Chatroom - All Discussions by LordAdam16: 2:06pm On Apr 03 |
User09: I'm getting the distinct impression this will be a colossal waste of my time if I press on. In February, while the CBN was clearing the last $2B in valid backlogs, reserves rose by $1B. Then interventions resume in Mid March, CBN announced backlogs were cleared, reserves fell by $0.4B and you want us to start fishing for an excuse for the massive drop. I will not dignify your last paragraph with a proper response. You said and I quote As an example, the N1251 that was sold to BDC was based on the "low" on the previous day Then when I point out you're wrong. You somehow spouted this: CBN is not obliged to pick the previous day rates as long as the rates being chosen is market-determined You know what?! I can't. Mea culpa. It was my error to obliquely assume you were making fact-based assertions. I should have known better. Cheers! -Lord 1 Like |
Re: EPL Chatroom - All Discussions by Eunoiaa(f): 2:06pm On Apr 03 |
raumdeuter: How did quoting the whole passage add to your point now? Hian. |
Re: EPL Chatroom - All Discussions by larride(m): 2:08pm On Apr 03 |
BlueRayDick: The annoying part was when Toranaga half brother wanted to give that useless son the order to commit seppuku and the werey stretch hand wan collect ham. The way Toranaga shout for him head ehn, e be like make I enter the film slap the idiot boy head. Unfortunately the werey still died from his foolishness. |
Re: EPL Chatroom - All Discussions by Spy360(m): 2:09pm On Apr 03 |
afrodoc2:Where can I watch the series? |
Re: EPL Chatroom - All Discussions by larride(m): 2:10pm On Apr 03 |
User09: Yep. The medium to long term plan is the koko. The short term plan has worked well so far. |
Re: EPL Chatroom - All Discussions by Spy360(m): 2:11pm On Apr 03 |
User09:How does your discussion relate to the fact that we do not really need a strong naira but a stable one. Cc LordAdam16 |
Re: EPL Chatroom - All Discussions by User09: 2:13pm On Apr 03 |
raumdeuter: Yes, this. Dangote needs to show the way so more private entities can be involved. Competition is the way forward |
Re: EPL Chatroom - All Discussions by BlueRayDick: 2:15pm On Apr 03 |
larride: He is just a fooolish son to a wise father |
Re: EPL Chatroom - All Discussions by afrodoc2: 2:16pm On Apr 03 |
Spy360: It is available on different platforms based on location. It is on Hulu in the US i believe but over here it is on Disney+. Izzou and Larride might be able to give you better info. |
Re: EPL Chatroom - All Discussions by diggz: 2:19pm On Apr 03 |
![]() iamoyindamola: Sod…so you too join people wey dey say I dey youkay. You and your uncle Raumdauter go gather money give me make I sort myself Biko. Meanwhile, I go pay chic2pimp visit this year make him explain wetin happen to we girlfriend. |
Re: EPL Chatroom - All Discussions by Spy360(m): 2:23pm On Apr 03 |
afrodoc2:Thanks chief |
Re: EPL Chatroom - All Discussions by User09: 2:28pm On Apr 03 |
LordAdam16: No dont run away. We are getting somewhere If you were not fishing for the reasons, Why do you then assume all of it went into Naira defense?. Like I said, all confirmation bias from your end and nothing really substantial to justify your sentiments. Again you keep using Net positions to make statements which reiterates my doubt as to your understanding of the accretion data There's been a lot more disclosure and transparency from the CBN, so your rhetorics have no considerable backing Two factual statements I have made and standby. The N1251 is market determined. Maybe I mixed the date up by referencing the prior day which you assumed to be the circular date. Doesnt change the point I made The article was wrong to call it Naira defense, it isnt. Any unbiased person who has an understanding of economics fundamentals sees it for what it is |
Re: EPL Chatroom - All Discussions by User09: 2:32pm On Apr 03 |
Spy360: Fair point. But for that to happen, it needs to find its fair value or what we call the long term average. 1 Like 1 Share |
Re: EPL Chatroom - All Discussions by larride(m): 2:45pm On Apr 03 |
afrodoc2: I download from awafilm tv. |
Re: EPL Chatroom - All Discussions by pocohantas(f): 3:12pm On Apr 03 |
Valwezzy: I never knew this. Writers still eat though. Maybe it is dependent on the genre. |
Re: EPL Chatroom - All Discussions by OasisX: 3:25pm On Apr 03 |
BREAKING NEWS President Bola Tinubu signs national students loan amendment bill into law. |
(1) (2) (3) ... (4515) (4516) (4517) (4518) (4519) (4520) (4521) ... (5222) (Reply)
Arsenal Fans Thread: Finally Reborn! The Red & White Army: FA CUP Champions 2020 / Fc Barcelona Fan Thread: "més Que Un Club" / Official Manchester United Fan Thread:''20 Times EPL Champion
Viewing this topic: Zaha(m), BlueRayDick, Itsrm(m), piroskey94(m), StarchAndBanga, PendragonVII, GrammarNazi1(m), izzou(m)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 79 |