Booking a flight for someone in Nigeria to spend Valentine with me and was shocked because it cost more to fly out of Nigeria than flying into the Country. CBN fixing exchange rate for foreign currency is killing the economy. How can businesses survive under this economy �

They don't want you to leave the country.

Wait you expect it to cost less ?
Naira will be over 700/$ this year quote me

eejo:
Booking a flight for someone in Nigeria to spend Valentine with me and was shocked because it cost more to fly out of Nigeria than flying into the Country. CBN fixing exchange rate for foreign currency is killing the economy. How can businesses survive under this economy �

I don't understand what your problem is

Right now, from Lagos to any Eastern State costs at least twice the return ticket to Lagos.

It's not Buhari and CBN but pure law of demand and supply. There are more people leaving the country than coming in. To augment the shortfall, the busiest route will be made to pay for it

Snitch24:
Wait you expect it to cost less ?
Naira will be over 700/$ this year quote me

It should hit 600 naira on Monday morning

FarahAideed:

It should hit 600 naira on Monday morning

I swr bro
Even the ban on crypto self
Proofs that our leaders are clueless

blackpanda:


I don't understand what your problem is

Nigeria has two exchange rate CBN and market forces. This is wrong because CBN rate is lower than market forces making things difficult. CBN should stop deceiving Nigerians and have a single exchange rate.

I can see one sadist up there saying dollar will hit 700 this year.

Your bad wish for this Country should not follow you through this year.



To the topic. Emefiele has assured us that the exchange market will be floated as soon as the Dangote refinery come on board mid 2022.





STAY AWAY FROM PROPHETS OF DOOM THIS YEAR

eejo:
Nigeria has two exchange rate CBN and market forces. This is wrong because CBN rate is lower than market forces making things difficult. CBN should stop deceiving Nigerians and have a single exchange rate.

CNN isn't good for you. They will make you believe that we should allow market forces to determine the exchange rate but that's a lie. We are where we are now because of SAP. If we don't protect our currency, they will make it worthless.

We're in a world worse than a jungle where big countries will do everything and anything to swallow up countries like ours. CBN should do everything to ensure manufacturers have access to dollars to import raw materials and machines. Until we stop being a consuming nation,we will remain at the caprice of the IMF and her loans.


China is manipulating their currency even with their big economy and pressures from USA. This is the facts Nigeria economists don't know. They're just gulping the theories they're thought in school without knowing that we operate a very unique economy

eejo:
Nigeria has two exchange rate CBN and market forces. This is wrong because CBN rate is lower than market forces making things difficult. CBN should stop deceiving Nigerians and have a single exchange rate.

Ok, if u don't want CBN rate then go for black market and let us rest. CBN no force u na.