Prime Business Africa

Disclosing that it anticipated the steady rise in the value of the Naira as witnessed in the past few days, the Presidency has assured that the policies being worked on by the President Bola Tinubu administration will further strengthen the Naira that it will soon exchange for N500 to one United States Dollar.

Special Adviser to the President on Economic Matters, Dr Tope Fasua, who disclosed this at the “Cowries to Cash” lecture and lunch in Abuja yesterday, noted that the fall in the value of the currency of any country was a sign of conquest.

“When you want to destroy a country, destroy its currency first.”

He warned Nigerians hoarding foreign currencies with the hope that the local currency will continue to fall to be prepared for the shock of their lives going by the current policies of the federal government.

https://www.primebusiness.africa/tinubu-threatens-to-shock-naira-speculators-with-n500-1-exchange-rate/?utm_source=Nairaland&utm_medium=social&utm_campaign=Profile

Another Lamba from Thieftinubu certificate forger story story, storyyyyyyyy

Please can all the tribal bigots in this forum list a single policy from Tinubu that has benefited the common man?.

No direction government just dishing out press here and there

Why is he threatening? He should implement already. Certificate thief camnot give what he doesn't have

Newsfrica:
Prime Business Africa

https://www.primebusiness.africa/tinubu-threatens-to-shock-naira-speculators-with-n500-1-exchange-rate/?utm_source=Nairaland&utm_medium=social&utm_campaign=Profile

Dey Play.

Hope this shock is not what am thinking? To pump money into forex. If that is your plan, well, you will shock us, may be few weeks and then the dollar raises like tsunami and shock you.

With which reserve

The 1.3 billion for binance no ecen reach 3 days e finish lmaoo rate done start to fly again


Fundamentals must be out right, market forces is no respecter of propaganda

He is just delaying the inevitable naira is going to the 1500 Peg it at 1500 now and defend it

If you wait till March 1500 might become impossible to defend

Presidency has equally embraced speculation in driving down prices in reaction to black market downward speculations.
The thing is already sliding down and is now going for N1100 a dollar.

RepoMan007:
Presidency has equally embraced speculation in driving down prices in reaction to black market downward speculations.
The thing is already sliding down and is now going for N1100 a dollar.

its almost 1200 now. This current movement from 980 until now in 3 days is driven by greed of speculators. I think when they see no one buying at this rate, it will be back to something much lower tomorrow.

He should do. We will celebrate the recovery. Who no like better thing?

It was N460 when he took office and we can accept that N40 is a result of turbulent Buhari's economy.

Oya oya..


No be shock and threat agbadorians wan chop

All these talks is making a mess of the hit the ground sprawling,..sorry running ... that u kept harping about pre selection

That's what we're praying for. But I doubt it. The present government lack that capacity. They rule and live with propaganda instead of facing real governance. They're already plotting for 2027 while the economy is in shambles. Is it not when you treat the citizens well that you will have easy ride to a second term?

Dangote is hoping to import cheap crude from Venezuela even NNPC too. This people can never seems to amaze me

Isobug:
That's what we're praying for. But I doubt it. The present government lack that capacity. They rule and live with propaganda instead of facing real governance. They're already plotting for 2027 while the economy is in shambles. Is it not when you treat the citizens well that you will have easy ride to a second term?

Tinubu himself is a master in propaganda, he has boys all over the place, including here on nairaland, is it in the media houses, oil and gas, police, army, custom, states etc and they are on payroll to help spread the news.

MadamExcellency:
He should do. We will celebrate the recovery. Who no like better thing?

It was N460 when he took office and we can accept that N40 is a result of turbulent Buhari's economy.

Do you mean 460 CBN rate? Because as at April it was in 800 range

mrvitalis:
With which reserve

The 1.3 billion for binance no ecen reach 3 days e finish lmaoo rate done start to fly again


Fundamentals must be out right, market forces is no respecter of propaganda

He is just delaying the inevitable naira is going to the 1500 Peg it at 1500 now and defend it

If you wait till March 1500 might become impossible to defend

Lol 1.5bn naira or dollars?

Newsfrica:
Prime Business Africa

https://www.primebusiness.africa/tinubu-threatens-to-shock-naira-speculators-with-n500-1-exchange-rate/?utm_source=Nairaland&utm_medium=social&utm_campaign=Profile

No amount of dollar padding otherwise economy can save the naira...the only thing that can help us is when we start exporting reined crude to other countries and get paid I dollars and then the govt making a deal with dangote after all we gave him the dollars to build his refinery at good rate now is the time to return the favour and lol our economy with debt free dollars.

lol is it speculators that put naira where it is . craze o

We the speculators are waiting for you here, Oga Tinubu.

Do your worst.

He should please shock us, that is what we want... #YINMU...

Birdbyrde440:


Lol 1.5bn naira or dollars?

Dollars

Shocker lo se beat

We joke too much in this country..

Smithkafors mpost=126854429:
Please can all the tribal bigots in this forum list a single policy from Tinubu that has benefited the common man?.

No direction government just dishing out press here and there

The thing is most of you don't understand any of those policies, but instead of you to learn, you will start raining insults

😤

Shock them without announcing it

Both op that posted, and his ancestral grandpa are mad 😤😤

Does bat and his goons realize that there's something called demand and supply? That is the most basic law in economics.
If we do not strive to reduce our spending, we will forever cry over the dollar.

Pls am begging 4 dat shock oo!

The only shock we are getting is that dollar is approaching #1500