OasisX:


....if na Naija wetin dey sup for here happen, breaking news for don full everywhere. Those hibernating for don start cussing Lord Lugard and Tilumbu. LOL!

KingTom:

But has the flooding been resolved? Omo the videos wey I see dey scary

Amigoss:
Agenda and banter aside,Tinubu should be concerned about the tears of his followers and set up a price regulatory board to forcefully regulate the prices/charges of all essential goods and services.......

Regulate prices of transportation, regulate Electricity tariff, Rice, beans,meat,fish,garri even pure water, school fees, house rents, cost of clearing goods at the nation ports, Bank charges,gadgets,drugs etc.......Greedy retailers,traders,economic saboteurs and marketers are exploiting his supporters and making his administration look bad..

BlueRayDick:




In other words, make Nigeria turn full socialist country ; Abi na new economic system be that RGULATORIANISM.

U are not serious.

OasisX:


.......Cubana CP won't admit he is guilty unlike Bob. Option of fine must be part of his Judgement. Admit it and spend 6 Months in Prison. LOL!

Ballzproblem2:
https://www.nairaland.com/8064043/naira-down-n1100-parallel-market


hold your dollar tight, naira can never win against dollar long term,ignore noise from propaganda bots, protect your money from devaluation.

afrodoc2:


That is how to go out in a blaze of glory.

It is also noteworthy that she reaffirmed Okafor’s Law one more time before she exited the stage.

Itsrm:


Thing is, there's nothing else that explains the foreign reserve depleting by 2.1bn in one month. The backlog they paid was 1.5bn. Remember they also claim to have received 1.5bn from FPIs. If 1.5bn from FPIs nets off 1.5bn used to clear backlog, where did 2.1bn go?

Yes, it's their core mandate to use the reserves to defend the currency so the question is why they are hiding it.

My guess, they know the implication of coming out clean which is, people will know the exchange rate is only headed in one direction-downwards.

BlueRayDick:


The reason they are hiding it is simply political .

Yemi Cardoso even though he's a "technocrat" is also a political appointee who was nominated for the CBN role by his friend Tinubu ( the president ).

If they should come out clean they know the people will figure things out and Tinubu's political opponents will not only weaponize the information but the after effects of the public's reaction to it.

We all see how the reserves depletion under Jonathan was weaponized and even till date he's being vilified for things APC expects u to applaud Tinubu for in 2024

Amigoss:
Na disasters over there patriots🤡🤡 dey always use to compare Naija and gaslight Nigerians,not always the developments,prosperous economy,better living conditions and quality of life there.

BlueRayDick:
https://www.nairaland.com/8063987/filling-stations-slash-petrol-pump

Abeg anybody don buy fuel at reduced price yet ? Cos I still bought fuel at NNPC yesterday for N568 o which is the current official price.

Ellexy:
Example APC said 216 naira to 1 dollar is not good enough under Jonathan but they want you to praise Tinubu for 1000 naira to 1 dollar.

OasisX:




...................smart dude. LOL!

nihilistjnr:


Once debe forever debe. The holy law of St Okafor.

Can we also talk about how Toronaga uses these people like literal chess pieces though.

How is he the hero of the story? Realistically he should be the villain.

Toronga sama, eeee, eeee, ahhhh!!!

Ellexy:
Example APC said 216 naira to 1 dollar is not good enough under Jonathan but they want you to praise Tinubu for 1000 naira to 1 dollar.

DissTroy:


None that hasn't been nipped in the bud from what I know.

If you haven't gotten land yet, I'd say go for LGAs with large landmass and land to spare where the urbanisation drive isn't on steroids.

LGAs like Ini, Ikono, parts of Mkpat Enin, parts of Oruk Anam. The interiors. Affordable too.

Flee from anyone who offers you a place in Ibesikpo and Uruan. They are large but you might lose your investment to government interests and right of way. Or at least be certain you get approval from the Ministry of Lands. Most lands have been purchased too so you'd likely not get a very large stretch of land for your investment.

Mkpat Enin and Oruk Anam LGAs are very accessible from/to Uyo and Port Harcourt too. Ini and Ikono are at the extreme ends of the state so far from the capital, Calabar, and Port Harcourt.

monerozi5590:
₦4 billion per kilometre! Hmmmmmm!

nihilistjnr:


You don see am? How you feel that episode?

raumdeuter:


Let's check if this graphics is right

BlueRayDick:
https://www.nairaland.com/8063987/filling-stations-slash-petrol-pump

Abeg anybody don buy fuel at reduced price yet ? Cos I still bought fuel at NNPC yesterday for N568 o which is the current official price.

Segedinho:

Bought for 700/litre 3 hrs ago

Bought 720/litre 2 days ago..

Emaprince:
Price havent reduced here.

OasisX:


.....its not unusual bro, though this one tough. Tankers don dey do their jobs.

Moneyyman:
Now, sit down and think of this:

1. Tinubu met the Dollar at N750.

2. He announced the immediate "removal" of subsidy payments (even when Buhari's PIB established the removal).

3. Buhari sought an $800m loan to "cushion" the effect of subsidy removal and stagger it for months.

4. Tinubu's announcement sent shockwaves into the markets. Petrol price jumped to N710 per liter and the cost of goods and transportation nearly, 150%.

5. The inflation worsened the already bad situation caused by insecurity (increase in prices of food and meat from the north), and resulted in food inflation.

6. The government started paying subsidy. THEY RESUMED SUBSIDY PAYMENTS, paying up to $1 trillion monthly (based on the new exchange rates between October 2023 to February 2024.

7. The government now dips into the external reserves to "settle" FX backlogs. However, airlines are complaining that they weren't really "settled" but forced to sell at a fixed price.

Yet, an equivalent dollar amount was taken. For context, let's explain:

I owe you $1000, which I take from the external reserves, but I then force you to collect the $1000 at a rate of say N900/$, when the rate is around N1400/$.

Ask yourself, who goes home with the extra N500?

8. Every country defends their currencies, but not at the expense of external reserves. Your external reserves are called RESERVES for a reason!

8. The best action is to "attack" the Dollar. Cutdown the costs of exports and remove security challenges that's increasing the cost of food from the north. Invest in dry season farming around the country to boost food production (dey season farming rates decreased in the last few years).

9. We're glad the dollar is "going down" against the naira, but it is not a viable strategy and can't last long. Once the reserves are depleted, demand will increase beyond supply and we're back on for explosive rates.

It happened under Emeifiele and will repeat itself if care isn't taken.

10. Elections are over. Whoever you supported or whatever side you were on, it's time to demand for data-driven governance and accountability from your leaders.

It is not hidden that governors we're busy converting their security votes into USD and sling at the black market to make heavy funds from the arbitrage. A public figure confirmed this recently on Twitter.

Yet the government went after BDCs and Binance only, leaving the major beneficiaries of the whole saga.

Demand good governance or we risk a failed nation.