Agbegbaorogboye:

Don't you think 22% inflation MoM and over 18% YoY is high enough for intervention?
The Afcfta and ecowas single currency framework pegs inflation rate for each participating country at 9%
Our unemployment is close to 40% which is critical for any economy.
So while free market is theoretically desirable, Nigeria's fundamentals presently does not support it. Tinubu's team are only looking at fdi
Fdi can save an economy but can also turn an economy to dumping ground.
What makes market virile is a viable middle class with appreciable purchasing power.

ZUKKYY:
Im asking how much was exchange rate of dollars before the new government came in.
Na $756 una the celebrate

MilesLamar:
We don't care, return our mandate :

abbey621:


You're obviously joking......What exactly are you cushioning? We've all been crying about CBN's nonsense Naira policies, we've all been angered by the subsidy scam yet you want him to wait for what exactly? Perhaps another 200 billion from China in order to keep fuel at less than 200 Naira is what you meant?

jmoore:
If you are buying petrol at 530 naira per liter when a dollar was sold at 465 naira, how much will you buy petrol when they import it with dollar at 756 naira?

Essenza01:
Is this appreciation or depreciation?

You floated Naira at 640 six days ago... it went to 770 today, returned to 750 a few hours ago.. so we are supposed to roll out the drums of celebration?

Seun:
Pls be informed that the naira has appreciated from ₦770.38/$ to ₦756.61/$ during the last 24 hours. The Investors and Exporters FX window, which is the official market for trading the naira, and currently allows free floating of the naira, closed at ₦756.61/$ this evening.

You can check it here: https://fmdqgroup.com/exchange/

abbey621:


You're obviously joking......What exactly are you cushioning? We've all been crying about CBN's nonsense Naira policies, we've all been angered by the subsidy scam yet you want him to wait for what exactly? Perhaps another 200 billion from China in order to keep fuel at less than 200 Naira is what you meant?

Cromagnon:
how much were you producing

abbey621:


Years of economic and fiscal abuse won't be resolved in a month or even a year, let's not put the cart before the horse! One can also argue that it is because of government's intervention that things got so bad.....The cumulative policies by CBN has brought the Naira to a point of waterloo, immediate and precise action is necessary to stop the bleeding.

Ecowas framework is a joke, a fantasy of those dreaming of El Dorado....Let's leave that for now, small wins are needed in order to attract bigger ones. Let the economy open up which attracts investors which leads to more employment and in turn a stronger Naira. Yes the government has given us no reason to trust it in the past but let's be hopeful that we can at least stop the disaster and start making positive gains.....No be everything be doom and gloom

Agbegbaorogboye:

Years of economic and fiscal abuse by whom? The present leader joined forces to mastermind the exit of those who believed in free market. After the debacle of a first term, he pulled his weight to ensure a second term for the same fiscal abuser. So there's a context to the fiscal and economic abuse. It's hypocritical to support a govt that abused the economy for eight years only to turn around and start exposing the economy to shocks in the name of reforms.
I think most of these politicians are unfair to the country and ordinary citizens. Nigerians were ultimately pawns in their power games

Cromagnon:
how much were you producing

Basicend:


Oga, I am talking about naira devaluation. . We don't have a substansive export load to make naira thrive against FX.

That is why u are that huge negative margin in its rating just within a week. .

Think. .think. .

yankison:


How has the subsidy they removed helped you

Ireportlive:
Free market... Tinubu took some very hard decisions

abbey621:


Do you want to be sentimental or you want to be factual? The fact remains even Tinubu was sidelined in Buhari's administration and you expecting him to denounce Buhari is nothing but pure political comedy

Seun:
Pls be informed that the naira has appreciated from ₦770.38/$ to ₦756.61/$ during the last 24 hours. The Investors and Exporters FX window, which is the official market for trading the naira, and currently allows free floating of the naira, closed at ₦756.61/$ this evening.

You can check it here: https://fmdqgroup.com/exchange/

Agbegbaorogboye:

I'm being factual. It is you who is being sentimental by employing excuses on behalf of Tinubu. Did Tinubu come to tell you he was sidelined? There are points I can raise to prove to you he wasn't sidelined as most of you choose to believe. So it's not a fact to claim so blatantly that Tinubu was sidelined when we don't know how much he also chose to sideline himself for whatever reason.
I'm not asking Tinubu to denounce Buhari. But at what point do we choose the health of the nation over our personal nuances? If something or someone is not doing what is believed to be in the best interest of the generality of the nation, should we give frank opinions to such persons at least or stay aloof? Our politics has polluted our economy. And we have no one to blame but the man presently at the helm. Now, the ones expected to bear the cost of rolling back things to default are the citizens.
What manner of hunger games is that? How can eight years of a nation's life be wasted in pursuit of ambitions?

MilesLamar:
We don't care, return our mandate :

cucumbar:
you APC and Tinubu supporters don’t get tired of these your useless stupid analysis. You gave several analysis for 8 years while things got out of hand. You have started again with your rubbish analysis of it will go up and come down. It will never be well with you and your kind that support evil.

Honourable1901:
Tinubunomics

seborrhic:
Good.
Once it converges around the parallel rate,further improvement will be seen.
A good part of what made the parallel market rate high was the round tripping.People would buy from the banks through connections and sell to the black market or the banks would hoard the dollars they buy from the CBN at favourable rate,sell to abokis and make huge profits while claiming in forms they sold to businessmen.
Why would anyone now sell to abokis if u can source from the bank.
Abokis too would in losing market have to bring down their rates or they lose some patronage particularly when people know there are fraud and counterfeit risks involved in trading in the black market.

nedekid:

Bank go give you?
You still have to fill that cbn website to apply for pta, bta, school fees or medical etc. Worse still, they now demand for 3 years tax clearance certificate. If you don't have that, you will spend atleast 200k processing one.

abbey621:


Yes but its value should not be comparable to the main market.....At a point the black market was doing more business than official market which is plain unacceptable!

seborrhic:
Good.
Once it converges around the parallel rate,further improvement will be seen.
A good part of what made the parallel market rate high was the round tripping.People would buy from the banks through connections and sell to the black market or the banks would hoard the dollars they buy from the CBN at favourable rate,sell to abokis and make huge profits while claiming in forms they sold to businessmen.
Why would anyone now sell to abokis if u can source from the bank.
Abokis too would in losing market have to bring down their rates or they lose some patronage particularly when people know there are fraud and counterfeit risks involved in trading in the black market.

crismark:

Black market still does more business bro.

Official rate can never be higher than black market rate.
People wil still prefer to sell in the black market.
Stop deceiving yourself

Seun:
You can call customer support and show them the link