Adolfnigeria:
it appears cardoso wants to go back to the days of subsidizing dollars.
Let's see, one day at a time.

yes. I believe they just trick Nigerians to devalue the naira from 700 to 1250. This new policy literally means that naira has been devalued to 1250 as the official rate and the CBN is no longer floating the naira but pegging the naira as 1250 because this is the same thing that previous government has been doing by determining the exchange rate

worksmart:
But remember the BDCs have already been forbidden from buying dollar at more than N1,400 so it's just eye-service that is unsustainable.

the government has officially devalued the naira from 700 to 1251.

Hohaiiiode:
bro no one need to hold an account in dollar in Nigerian to make payment in dollar for an international trade Or account in yuan in Nigeria to send money to China. Ofcourse there is work to be done to make it more flexible . I make transaction to other countries where I am.

And I don’t hold account in the receiving nations currency. I go to the bank and make the payment and specify the recipient currency and the swift code or interbank code or Abn or whatever it is called. Like I said there is work to be done.

no one should hodling foreign currencies in Nigerian banks . Haba. I am also guilty of this. I have a dorm account and ofcourse I have dollars in it. But there should be a better ways of doing things for the betterment of our nation. If dorm account should work, no one should cash out in dollar or pounds or any other foreign currency. Cash out its equivalence in naira . We can’t be praying for a better nation and doing things the same ways . Next shout be making different tax regimes and more flexible ofcourse according to work job and earnings .

what I am trying is we have had this policy before and it didn’t help the Naira. I remember sending money from US to Nigeria from 2013 to 2020 and all my receivers got paid in Naira. Yet the naira was still losing value so it’s not like it’s a new CBN policy. Some businesses in Nigeria needs dollars for their legitimate businesses, parents needs dollars to pay for their children school fees abroad. We have too much demand for dollars because WE ARE NOT PRODUCING ANYTHING as a nation. It’s simple economics 101. When the demand for a product is high, prices will go up. We need to start producing and reduce importation to help our currency. We can also get more foreign reserves from sales to other countries if we start producing goods

2Radii:
the one u study abroad wetin u use am do

No be papper u still dey carry upandan, highest u go dey work for three care homes

minimum wage in my state of residence California USA is $20 an hour. Some working as CNA in care homes in California gets paid about $25 an hour, 40 hours a week as a full time employee is about 25 X 40 hours: $1000 weekly and that’s about $4000 monthly. Taxes takes about 30 percent of that $4000 so someone works in a home care job makes about $3000 after taxes: That’s about 4.5 million naira monthly which I doubt you make every 4 years in Nigeria at your job

Hohaiiiode:
I just pray the rumors are true. We can’t keep doing things the same way. This will go along way to kill the black fx market. No same country allows that. Unauthorized currency merchants breeding sharp practices therefore enabling corrupt politicians . What the hell is dormicillary account. For few years outside Nigeria and traveling I have never heard of such. I can’t even exchange money without an 🆔 card and a limit set on exchanges.

do you know we have had this policy before and it didn’t help the Naira. The CBN is just clueless. There is also dormicillary account all over the world because US dollar is the international currency for trade. A Chinese supplier will not accept their currency or even our Naira for international trade and they have dormicillary accounts in dollars in china. The solution to help our currency is to reduce demand for dollars by manufacturing our own products and reducing importation to the minimum. We currently import everything and so there will be high demand for dollars which will increase the value of dollars against the naira

Throwback:
The next step is to outlaw forex processing for foreign education for a minimum of 10yrs.

Any Nigerian that wants to be educated abroad should look for the money abroad.

We have schools here that can take those huge amounts of Naira we employ to buy forex for UK or American or Canadian education.

We need to jump-start our tertiary education system with better infrastructure, improved quality of education, improved salaries, and improved school fees.

Tough times require tough measures.

just because your papa non get money to send you abroad to study doesn’t mean others should not be allowed to school abroad

Hezzyluv:
Chief of staff to a State governor like Rivers, is not an ordinary position. Is these Wike loyalists that are at the receiving end in this drama. Because, he (Wike) can't appoint them. And if he says he would give them contracts, all eyes on him.

Fubara will finish his first tenor plus, Rivers people are behind him and he might even win his 2rd tearm if life dey. so, na them lose.

yes, A chief of staff is more powerful and influential than a deputy governor in Nigeria politics and is a governor right hand man

Caveatemptor:
Fubara should be very very careful. He is surrounded by political land mines at almost every angle even though he is the executive governor.
Wike will always seek his pound of flesh for Fubara merely having the guts to look him in the eye.
Fubara should not relax and start snoring with all eyes closed.
In my opinion this is just a interlude before the real war to come.

yes o. the real war will start in 2027. Fubara needs to start getting ready for 2027. he needs to start putting his people in PDP party structure in Rivers state or he will end up like Ambode. I know Wike has not forgiven him and this is just a truce for the moment.

JOemmy:



It will definitely continue later Fubara might just want to calm tensions for now so he concentrate on governance but am sure wike will come for his pound of flesh before Fubara's relection in 2027 that's definitely when the main political battle for the soul of rivers state will begin.

Fubara needs to start preparing for 2027 because thats when the real war will start. I know Wike dont forgive and forget. and they will want to give him the Ambode treatment in 2027.

Freethinker87:
I am voting against Sanwo-Olu because he's not a Lagosian. He's an Ondo man. I want true sons of Lagos to take possession of their heritage and eat of their inheritance. ...but most especially, I want migrant Yorubas to know their place in Lagos and learn to respect their host.

unfortunately, you guys are in the minority and don’t have enough votes to determine the governor of Lagos. Majority of people in Lagos are non indigenes from other states.

This election is still between PDP and APC to win. Nigerians are still not ready for real change

Kaduna is a small state. I wonder why the government can't locate and rescue this people after over 2 months

Oga, you will not win the election without a party structure. Elections are not won online. PDP or APC will win the general election just like in Ekiti and Osun election

Really strange that he died the day he was supposed to leave office as opec boss

F00ls. Why risk your life over a few gallon of fuel

What’s the use of having a king in Nigeria. All they do is marry many wives and collect money from politicians. We need to do away with it because they are all useless

It depends on purpose of your trip. Let's say you are attending a conference next month in the UK. Then the visa will expire because the purpose of your trip is for the conference which you can't attend because of travel ban.

Ryda:
That's a Ski jet not speed boat, kindly correct it please

lol. Nigeria is the only country that call Ski Jet as speed boat and all SUV cars Jeep.

ohosi4real:
Obaseki is the worse governor Edo have ever elected. He came with lie's, destroy, and confusion. Over 5 yes now no single project to point out say na Obaseki na do am. Very useless governor

at least he helped defect godfatherism in Edo State. Edo no be lagos

Rubbish university. They just dey sell degree give our politicians

Ashaw0 woman

Jane husband is a woman wrapper and a SIMP. How can he let his wife to be a stripper on IG. My papa for disowned me if my wife dey strip for IG

PerfectlyPerfect:
The North will pitch Tinubu and Osibanjo against each other and the both of them will cancel each other out, and then a northerner will be made president.

Also, I wonder why any sane person will support Tinubu. When will Nigerians ever have sense?

We don't want the North to rule. Tinubu is the only person in the south that have the support to win in both North and south. The south should support Tinubu so power can return to the south like you said. Our vote is for Tinubu because it's the turn of the south

SmartPolician:
In 2015 you guys literally said with Buhari manning security and Osibanjo taking charge of the economy that APC would present a better outcome.

Osibanjo and Buhari have failed Nigerians woefully. Osibanjo is part and parcel of this present administration and you people want to absolve him of his part in ruining this country.

Was it not Osibanjo that was personally sharing 10k bribe to market women in the run up to 2019 election?

This same short demon that did nothing while the economy is being raped right left front and center. The same man who stood aside while this administration get away with all sort of illegality.

Na thunder go fire any body wey open him or her mouth to either campaign for him or absolve him of his role in this government.

Just imagine Pence trying to dissociate himself from Trump's presidency. Let him go and camping and let us tell him what he did wrong. Joe Biden built his campaign on the back of the performance of Obama presidency. What is Osibanjo going campaign with?

Copied from dettolgel

I wish more Nigerians think like you. But deep down you and I know that the next president will be from APC or their evil cousins the PDP. They will vote for Atiku because it's the turn of the north or Osinbanjo/ Tinubu because it's the turn of the south. Nigerians are still not ready for good leadership and I don't think 2023 will be different.

sinkhole:
I read their comments and I was just SMH
Did Jega voted during the election?
Where they expecting Jega to rig the election for Jonathan?
Jega was an umpire and he delivered the results as was presented to him and people are here blaming him! I can not understand
We all know that PDP ruined Nigeria, APC is just burying the country now and I pity whoever will take-over from APC, the country is in a terrible mess!

you are right. It wasn't like PDP is even better than APC. I will not be surprised if F000lish Nigerians vote back PDP back into office. They act like we only have PDP and APC

Lol. I thought it was my phone

Coldie:
Who are the true owners of warri?

Does it belong to the itsekiris?

The owners of warri are Ijaws, Uhrobos and Itsekiris

Brawlscartel:
If truly they had sex according to urhobo custom if she don't appeal d gods her child will be so sick that nothing can cure and it will lead to death...

For d man if he eat tega food or sleep with her without she appealing d gods....

Ancestors will hold him also leads to death....
.


I'm an urhobo man ... I hate our custom only d man and d children suffers it

her husband na calabar man so she is free to do whatever she likes. No sensible uhrobo man would allow this rubbish

Naija9090:


The more hardship Nigeria goes through as a result of low oil revenue, allocations and government contracts, the more successful Igbos will be because the bulk of their money don't come from government.

stop worrying about your village man money. Na him and his family go enjoy the money. You should be worried about your own pocket

juman:
He was brought to nigeria through international conspiracy.
A person with british passport could not have been dumped in nigeria like that without britain knowing about it.

he is a wanted fugitive. Nothing like international conspiracy. He has a case to answer in Nigeria.

Myer:


And you wonder why you Igbos are being marginalised?

You create beef without knowing that you're beefing with butchers. Then yall play the victim card when the butcher reacts.

Your innate compulsive I-better-pass-my-neighbour mentality is why you always feel the need to prove yourselves.

Imagine Obi Cubana's networth after all the noise and hype is $96million.

The true billionaires in other tribes are making and spending their wealth without announcing it to the world.
Dangote, Indimi, Abdulsalam, etc
Otedola, Mike Adenuga, Obasanjo, etc

see your big mouth. All those names you mentioned are theives that got rich by stealing Nigeria money. I respect Obi $96 million more over Dangote and others because dude is self made millionaire

omoharry:
This is the reason why the Igbos are ready to embark on a suicide mission to Malaysia /Singapore to push drugs .Knowing that if they are caught is death .
I don’t admire this aspect of the Igbos at all . You guys have one of the worse road ever ..even this Obi throwing money about like there is no tomorrow, could not even repair the road to his village so that his friends and we’ll wishes could have a smooth ride to the burial .
I even thought his worth is is hundred of million in dollars due to the way he seems very loud .

is it his job to repair the road in his village? Only in Nigeria that we expect private citizens to repair roads in their town. You should go and repair the road in your village na. with your big mouth