figment232:
Emefiele would be smiling where ever he is.This oversabi Tinubu shld have just left the Dollar thing they way it was b4.

Ikaeniyan0:
You didn't click and read the article on the link you shared with us but here you're crying foul.

figment232:
I read it and Channels TV also dissected this morning on SUNRISE EARLY.So what are u saying?

Ikaeniyan0:
You read it and didn't see where it is predicted Naira will eventually fall back between #500-#600 in few weeks time?

figment232:
The Naira has been on the downward trend in both the official market and parallel market, since the Central Bank of Nigeria, CBN announced, “Operational Changes to the Foreign Exchange Market,” including elimination of multiple exchange rates/segments and re-introduction of willing seller, willing buyer model in the I&E window.

EconomistXplain:
untill the government checked the supply of FX not through controlling its demand, but through other ways...naira can never be strong

Obaaderemi2:
We don't have enough forex in our economy. Leaving the naiea to the forces of demand and supply will continue to weaken it. Meanwhile controlling it will continue to encourage round tripping. No matter how you look at it the naira is in trouble unless the economy improves and we have more forex from exportation and remittance.

PARADIZEPRIEST:
TO MAKE NAIRA N200 TO USA$1
1.LET THER BE LIGHT AND LET THERE BE TOTAL OPENESS /TRANSPARENCY FROM GOVT IN MANAGING NAIJA CRUDE OIL. $TOP THEFT OF CRUDE OIL,BY CHANNELING ALL CRUDE TO REFINE AT DANGOTE LEKKI AND ACCOUNT FOR THE FINISHED PRODUCT.

2.STOP GIVING DOLLARS FOR IMPORTING AGRIC PRODUCTS EXCEPT RAW MATERIALS

3.STOP GIVING DOLLARS FOR IMPORTING NONSENSE LIKE FOREIGN JETS,FOREIGN SUVS,FOREIGN AMOURED VEHICLES

4. GIVE MORE EXPORTERS MONEY AND MACHINES SUPPORT TO SELL NON OIL PRODUCTS

5. GET GERMANY TO PUT STABLE ELETRICITY FOR PRODUCTION

6.GET GERMANS TO MAKE ONE MODERN NATIONAL REFINERY IN NIGER DELTA

7.ESTABLISH AGRIC EXPORT PRODUCTION COMPANY LIKE NNPC IN EACH OF 36STATE AND EMPLOY AGRIC. GRADS.

It got worse before, now it is getting fresher CHINEDU GO AND FARM FOR EXPORT
YEMI GO AND FARM FOR EXPORT
LAWAL GO AND FARM FOR EXPORT

Ikaeniyan0:
You read it and didn't see where it is predicted Naira will eventually fall back between #500-#600 in few weeks time?

figment232:
Tinubu has finished us

https://www.vanguardngr.com/2023/06/forex-scarcity-persists-as-cbn-resumes-intervention/

figment232:
Tinubu has finished us

https://www.vanguardngr.com/2023/06/forex-scarcity-persists-as-cbn-resumes-intervention/

figment232:
Blind speculation...we are talking of now now ..u con dey tell us about future.

routed:


Are you educated at all or just bittered about life.

From the start of the policy the i&e windows recorded $74 Million on the average, and at this moment the trade is in the volume of over $200 Million. The good news is that, with the increase the exchange rate is hovering around #745 - #790, without any intervention from cbn.

figment232:
Blind speculation...we are talking of now now ..u con dey tell us about future.

Ikaeniyan0:
So institutions like IMF who have made the same speculation are making blind speculation?

figment232:
For your info NAIRA IS NOW 831 TO THE DOLLAR...nonesense

Obaaderemi2:
Farm for export with which capital? Yemi, Lawal and Chinedu wey never get job after graduation. Farming at this point will not save Nigeria, we have enough farmers. Turning farm produce into finished products and making other things for export will help, not just exporting cashew and cassava.

Ikaeniyan0:
“But I believe the Naira will appreciate in the coming weeks. The sharp depreciation of the Naira in the I&E window, I believe, is to encourage investors and Nigerians in Diaspora to bring in their dollars.

“Once this happens, the exchange rate in both I&E and the parallel market will gradually go down.”

telleyway:


Woke up from your dream and face reality, there's nothing like I believe here, it's practically proven that naira will keep going down with this policy.