User09:


Quick question?

Are the reserves currently growing or dropping?

I think its clear now that it wasnt the economics or market forces that was driving the concerns but more of speculation.

raumdeuter:


What game Atiku and Obi dey play now by visiting themselves? If na alignment then both of them are fools. When it was obvious that they should have done that in 2023 before Power reach Tinubu hand. Now any alignment will be harder as they have to unseat an incumbent

seankafor:
it's called kamikaze aka suicide mission

BlueRayDick:


Who would have thought the mighty Wike would install a stooge and in less than a year the stooge will be threatening to uncover everything dem bury before

TrebleChamp:
Good afternoon house, please i need information about Federal Govt retirees monthly pension payment for April? Anyone who has retired parents or relatives who are collecting monthly pension from Federal Govt should kindly help me find out if they have received April payment. Thanks

WhoDeyHause:

You attend redeemed?

raumdeuter:


No one knows the date and time of his death

Itsrm:


Lol, I've been expecting this mention. I'm interested in seeing CBNs reaction to the current slide then I'll know what to say.

Will they stand aloof and allow it get to 3000?

OasisX:




......LOL! Sim jez dey play. He jez wanna scare Wike to back off - like remember I have your secrets.

seankafor:
Does immunity cover ministers and commissioners too?

Itsrm:


That's the man they say Wike is preventing from working. Does this look like a mam who is ready to work?

So let's say he investigates Wike and finds him guilty, what next? He will arrest, prosecute and jail jail him?

I no know where Wike see this clown.

Itsrm:


Did this person participate in the just concluded verification exercise? Someone I know has not been paid but he didn't participate. I'm not sure if it's just late payment or the payment has been stopped.

raumdeuter:


And why will Atiku trust Ekwueme to run just for 4years, Have you seen any politician who ran just for 4yrs and willingly dropped out like they always promise when rubbing for their first term?

In 2003, Atiku had the option of sticking with OBJ who has 4 more years constitutionally or going for Ekwueme who will start his own 4yrs and constitutionally have 8yrs

No be so power reach OBJ and GEJ hand and he changed it for them all

PDPGuy:


I get your point. I was thinking that Ekwueme’s age, then (I believe he was in his mid 70s) would have made Ekwueme to only run for one term.
Yeah, I agree that he could have waited for OBJ’s 8 years; or even backed GEJ in 2015, as he would have won the PDP primary in 2019

seankafor:


https://twitter.com/channelstv/status/1790084476011163893?t=9JIzad6iqtMhYWleNd2dJA&s=19

izzou:
If Atiku had stuck with GEJ in 2015, maybe he would have been the next president.

raumdeuter:


There is enough scare to go around



The Economic and Financial Crimes Commission, EFCC, has declared four Rivers State government officials wanted.
The four officials identified as Fubara Siminayi, Harrisonba Bessi Princewill, Lekia V. Bukpor and Dagogo Rodderick Abere were declared wanted over a case of criminal conspiracy, money laundering, misappropriation of public funds and abuse of office to the tune of N117 billion.

https://dailypost.ng/2018/09/12/efcc-declares-four-rivers-govt-officials-wanted/

Ibime:




LordAdam16, is he exhausted now?

LordAdam16:


*chuckles*

Look at you talking about exhaustion, when Cardi B has lost his erection.
He's no spring chicken.

On a more serious note, conventional CBN interventions in the market since the drop resumed have been muted.
They've relied on their FG allies for unconventional moves that culminated in the P2P ban last week.

So why has Cardi B not opened the floodgates?
Because a huge part of the success of the March/April naira appreciation run was the liquidity boost.
FPI led the way. Market participants embraced the trend.

Say you bring in funds at 1200 rate. When the CBN pegs the rate at 1000, you're already 20% up on your investment.
For any other reason, you'd get more naira when you bring your funds early. Delay it and you'll get less naira.
Recall that even with the inflow hike, the CBN still had to reach deep into the reserves to keep the soiree going.

With the liquidity boost gone, it is a dicier and more expensive proposition for the CBN to have another go at a sub-1000 push.
Does that mean that the CBN will let the rate fall ad nauseam to 3000 and beyond without so much as a whimper?
Nah.

We're reverting back to the mean. The familiar Don Meffy seesaw.
Where when the rate rises too high too quickly, the CBN steps in.
Drags it back down by a few hundred naira.
Takes its foot off the gas.
The rate rises again. Rinse and repeat.

<hr>

If Cardi B will have the good sense to stick to this reliable script is a whole different question.
As I've maintained, the cap does not fit.

Neither Soludo, Sanusi, nor Meffy would have allowed themselves to be bamboozled into the March/April debacle by partisans.
At no point did Meffy attempt to make good on Buhari's $1 = N1 campaign promise. And it's not because no one asked or pushed for it.
He transparently intervened and pegged rates but he knew the hard limits.

But Cardi B kept twerking while the partisans hyped him up and were chanting "Go Girl".
1000/$? Yup. 700/$? Why the f*ck not. 500/$? The reserve is not for decoration. 1/$? We're going to name this "borrow to inflate currency value" hypothesis after you!

So whenever one makes prognostications about what comes next, one has to account for Cardi B going off script and making perplexing schoolboy errors that competent hands wouldn't make.
Like Goldman Sachs brought out a marker and publicly yelled: N1200/$. That's your mf*cking EOY target.
Yet the bimbo revved up at the edge of a cliff and screamed "Witness me".

All of that said, on a long enough timeline, the dollar will always bend the naira over a barrel and show her the fifty states.
Those who held their dollars close or were brave enough to buy below 1200 should enjoy the melt up.
Those who are contemplating buying now should know the drill. Buy low: Sell high. If the market moves against you and you were unable to get out on time, hold your position.
No one is sharing palliatives for all the folks who bought high and listened to the "Sell your dollar" crooners.

-Lord

Roland17:
I have been following closely and I believe it is only a matter of time before animal organ transplant becomes successful.

https://www.yahoo.com/lifestyle/man-who-received-1st-pig-kidney-transplant-has-died-why-experts-say-animal-organs-could-still-turn-medicine-on-its-ear-230942716.html

cc: @afrodoc, unlimited22 and all..

afrodoc2:


An interesting read. Xenotransplantation is a potentially a game changer but cloning human cells in addition to stem cell therapy i.e regenerative medicine would be the ultimate game changer.

raumdeuter:
Anyone else watching the Roast of Tom Brady

https://youtube.com/shorts/KRCKgVAiPeg?si=TA2Tcsj1wqrNhuTb

Roland17:


For me, I was blown away by their ability to remove the DNA of the pig before transplant. These are uncharted territories we have ventured into. The human brain is such a beauty.

Itsrm:


I'm planning to buy again by end of June.

Hopefully they give us 30% yield

Afterall, naira has depreciated 25% in just a few weeks.

Itsrm:


You have to feel pity for Cardoso. Man has done everything he can possibly do. Maybe my 30% yield projection in NTB will come sooner than expected.

And thank God I took the advice of my man Oasisx and kept my dollar close.

Roland17:


For me, I was blown away by their ability to remove the DNA of the pig before transplant. These are uncharted territories we have ventured into. The human brain is such a beauty.

Roland17:

The human brain is such a beauty.