Taylor90:


Goodnews keh

So you believe a mere meeting without work input will crash dollar

If na so make them dey hold the meeting every two hours so that before end of next tomorrow dollar will crash from $1 to N10

Some of una get small brain I swear

If to say you be woman to knack you no go pass two indomie one egg

This guy doent know anything about forex trading, because if you do you will know what is called herders mentality which is a part of crowd psychology and very important in moving the forex market, so at the moment Tinubu just used a crowd psychology to influence the forex market in favour of the Naira, so now he has to match the talk otherwise it will not work the next time, unless all the dollar hoarders in Nigeria will not take him serious the next time. And yes just meeting news and speeches are the biggest forex movers in the world. Same thing has been done regularly by Jerome Powell (Chair of the Federal Reserve of the United States) and Christine Lagarde (President of the European Central Bank). these guys above speech move the USD and the EUR immensely. So please don't say what you do not know.

leisuretym:
How can their own currency be so powerful when we are the one that have the gold, oil and diamonds , these people keep coming here with piece of paper for us to sign , they keep coming with nothing but baseless arguments in exchange for our resources , every Anglo and Franco German Agreement with our illiterate grand fathers should be terminated, we are not part of it, how can 1 dollar be 700 Naira when we are the one blessed with everything?
This scam is got to stop 🛑

Who told you they don't have gold or oil too? Who told you? Is it because they buy your own? Do you know why they even buy your own? Stop listening to all those yeye black apologists they will just mislead you for nothing and you will think you are making sense.

Calitoscassius:
Because there would be so much money in circulations, scarce of currency or money increases the value of it.

It is like if there are so many bags of potatoes in the market the price of potatoes will fall or become very cheap, but if there are fewer or almost no bags of potatoes the price of it would be high.

I hope i made sense.

well, what you have said is the theory and maybe be applicable for potatoes. in actual practice, can you point to a time in nigeria when the value of the naira went down because there was so much of it in circulation?

Taylor90:


Goodnews keh

So you believe a mere meeting without work input will crash dollar

If na so make them dey hold the meeting every two hours so that before end of next tomorrow dollar will crash from $1 to N10

Some of una get small brain I swear

If to say you be woman to knack you no go pass two indomie one egg

SenatePresdo:
You can imagine the wackness.

Tinubu is a monumental disaster.


The next format is to make naira fall to #1,500 per dollar, after a while they will take it back to #1,200 per dollar so that it would look as if Tinubu is working.
And then his foolish supporters that stupidity runs in their ancestry will start praising him.

Midehi3:
This man should step down, atleast his 'Emilokan has been achieved, he will be addressed as ex president. He knows nothing and can't save this country.

leisuretym:
How can their own currency be so powerful when we are the one that have the gold, oil and diamonds , these people keep coming here with piece of paper for us to sign , they keep coming with nothing but baseless arguments in exchange for our resources , every Anglo and Franco German Agreement with our illiterate grand fathers should be terminated, we are not part of it, how can 1 dollar be 700 Naira when we are the one blessed with everything?
This scam is got to stop 🛑

Exactly bro and if we talk or ask questions, they will start telling us Jargons about having only one source of income blah blah blah as if they are any better

omohayek:

It isn't, and if it had been, a one-time devaluation of the Naira would have ended the problem once and for all. The real problem is that Nigerian governments spend more than they earn, which they try to reconcile by a mix of borrowing abroad and simply printing more money. It's the printing of ever more money that causes the problems, as it gives rise to inflation, of which the slide in the Naira's value against the US Dollar is just another manifestation. Nigerians aren't surprised when tomatoes cost 20% more than they did this time last year, yet act shocked when USD also costs 20% more, as if Dollars weren't simply another good to be purchased.

is like the shege is banza-ing you o.
You sound so honest suddenly and your man grandstar so humble very suddenly too.

Wetin cause am bros?

leisuretym:

Nah only you sabi analyze economy and import minus exports huh? Sit down there

we obviously import more than we export

Who doesn't know this

spiSeyi:

I talk am , good news is their bad news bad news is their good news

Go cry your eyes out cos the dollar is still on the rise . So go deal with your realistic pain