lexy2014:


you are obviously the one printing dollars. since that is the case, kindly negate the following:

it actually is because the government is regulating the price of the dollar and giving the impression that market forces are responsible for the changes you are seeing. this is because it had made serious blunder initially to leave the price to the so called market forces

Let me give you a hint.
It is cheaper to buy dollar from the about guy now, than to buy from the bank. With the new form M, and back clearance of taxes for a corporation or an individual.

The stops the round tripping prospectors and prospecting that was the bane of the Naira before now.
This has affected the demand for dollar, thus dollar is more available ( surplus) unlike before that the demand was insanely high due to profiteering on forex round tripping.
It was a business before now to buy dollar from the bank and go sell at the Black market for a profit.
Now the dollar is being sought by those who truly need it for foreign trade and services.
No more profiteering on the dollar at least for now.
Thus the demand has been reduced, you should figure the result of that, if you know your simple economics of demand and supply in relation to a commodity.

I hope you can wrap your head around this information.

tunjiajayi:


Let me give you a hint.
It is cheaper to buy dollar from the about guy now, than to buy from the bank. With the new form M, and back clearance of taxes for a corporation or an individual.

The stops the round tripping prospectors and prospecting that was the bane of the Naira before now.
This has affected the demand for dollar, thus dollar is more available ( surplus) unlike before that the demand was insanely high due to profiteering on forex round tripping.
It was a business before now to buy dollar from the bank and go sell at the Black market for a profit.
Now the dollar is being sought by those who truly need it for foreign trade and services.
No more profiteering on the dollar at least for now.
Thus the demand has been reduced, you should figure the result of that, if you know your simple economics of demand and supply in relation to a commodity.

I hope you can wrap your head around this information.

how has all the plenty grammar above negated the following:

it actually is because the government is regulating the price of the dollar and giving the impression that market forces are responsible for the changes you are seeing. this is because it had made serious blunder initially to leave the price to the so called market forces

lexy2014:


how has all the plenty grammar above negated the following:

it actually is because the government is regulating the price of the dollar and giving the impression that market forces are responsible for the changes you are seeing. this is because it had made serious blunder initially to leave the price to the so called market forces

Plenty grammar, is that all you could decipher?
I pass on you.
It's a waste of my time.

tunjiajayi:


Plenty grammar, is that all you could decipher?
I pass on you.
It's a waste of my time.

yes plenty grammar. with all your grammar, how were you able to negate these words since you said that its obvious that I dont deal with dollars:

it actually is because the government is regulating the price of the dollar and giving the impression that market forces are responsible for the changes you are seeing. this is because it had made serious blunder initially to leave the price to the so called market forces

in simple terms, what was said in the highlighted that is true or not true? how does all your grammar prove it? I didnt ask you to reinvent the wheel

More woes for hoarders. I just pray the trend goes on non-stop. The more the appreciation, the more the improvement of our economy and both foreign and local investors' confidence.

Klington:


The only time ordinary Nigerians will celebrate this audio naira appreciation is when prices of goods and services drop astronomically same way everything went up astronomically.


Tinubu and his team of failures can only deceive their empty headed gullible low IQ followers

Price of goods and services are creation of multiple market forces. The government had stated they won't control prices, so the bulk of blame should be at the doorstep of greedy middlemen who took advantage of rises in dollars to take the prices to where they are but refuses to adjust it when multiple naira gains occur.

dre11:



https://www.thecable.ng/naira-appreciates-to-n1280-at-parallel-market/amp?/naira-appreciates-to-n1280-at-parallel-market

My own take is that, the price of the dollar is falling yet the prices of commodities are still on the high side.

This is good news. We hope this continues. Nigeria will be great again

But this what i am seeing right now...

When dollar moves from N1000 to N1100 prices will increase in the market.

Dollar moves from N1900 to N1300, PRICES ARE STILL INCREASING.

What the hell?

It's still normal in Economics. It's called "ratchet effect" of price increase. Ratchet effect theorem states that it's difficult for rates to decline from their peaks despite improvement in the market forces. They may or may not come down.

clarocuzioo:
The irony now is that price of goods are not depreciating. Nigerian economy defiles all known economic laws.

Needlemover:

Imagine this fool. This propaganda filled, drugs ridden agbadorian government knows nothing other than celebrating failure. Even buhari left the dollar at 700#, but the druggie bed wetter took it to almost double the amount buhari left it at and wants us to celebrate, fiakwa

Oga! The naira before Tinubu came is like a parent bribing a teacher to help his child pass an exam. That was not the true value. It was been subsidised. Right now, the naira is walking on its two feet unaided. And we are better for it.

Growing:
When dollar moves from N1000 to N1100 prices will increase in the market.

Dollar moves from N1900 to N1300, PRICES ARE STILL INCREASING.

What the hell?

Because we still have so much inventories bought with the high value dollar. No one wants to loose. They will want to exhaust all the high priced goods before price will come down

tunjiajayi:


Let me give you a hint.
It is cheaper to buy dollar from the about guy now, than to buy from the bank. With the new form M, and back clearance of taxes for a corporation or an individual.

The stops the round tripping prospectors and prospecting that was the bane of the Naira before now.
This has affected the demand for dollar, thus dollar is more available ( surplus) unlike before that the demand was insanely high due to profiteering on forex round tripping.
It was a business before now to buy dollar from the bank and go sell at the Black market for a profit.
Now the dollar is being sought by those who truly need it for foreign trade and services.
No more profiteering on the dollar at least for now.
Thus the demand has been reduced, you should figure the result of that, if you know your simple economics of demand and supply in relation to a commodity.

I hope you can wrap your head around this information.

Nice talk

Badmashiii:


Government have little control over the prices of goods and services in this country.

Besides,we have many sets of greedy nigerians who would rather triple thier profit than reduce a cent from their goods.

oga don't make fool of urself,thy is nothing like triple profit, competition will always balance things.,....only government can control inflation.

routed:

So na that poor and vile analyst called Oseni paid the $7b withheld fund, curtailed black market local and international speculators and na him dey give Cardoso clue for the effective and targeted policies rolled out.

Sometimes, some of you don't deserve response for your unintelligent comments. Ha! So pathetic.

don't challenge government and watch them ignore your problems so yes if not because of oseni and co challenging them and giving out wrong analysis government wouldn't have done something to prove them wrong