Its not his fault, the fact is the nations revenue has plummeted, there is a serious net balance of trade problem ( we are importing more and exporting very less) Also crude oil is being stolen and not exported for cash.

There is the excessive loans govts is borrowing and not using for what it was meant for.

Russia Ukraine no get hand in this, its just the cumulative effect of poor management of the nations resources by our so called leaders.

Criminal is inviting criminal.... As if positive things will come out of it... Corrupted people

christejames:
Emefiele is a huge disappointment...

A sound mind who was later turned an economic neophyte after hobnobbing with the evil people in APC.

What made you think he was sound?

Please what can I invest 500k on.

Slayar:


The higher the demand ,the higher the price.

No this is Market mechanism.
Force of demand and supply

He won't even honor the rubber stamp Senate!

His oga kpatakpata bihiri is not even concerned about all the happenings in the country!

Dim08:
Hey guys,

It is with mixed feeling that I receive the news of our naira devaluation. I feel bad because this will certainly affect the cost of goods but I am happy at the same time because I also earn in dollars with Amazon KDP.

Many Nigerian youths only use their phone to surf the internet, read gossips and chitchat but the smart and wise youth are cashing out BIG time with Amazon KDP

I keep getting royalties in dollars for the low contents books I publish.

You don't need to be an avid reader or great writer to publish books.


All you need is to know what and what to put together and start making dollars.

Share some insight with me plsss

Security down
Economy down
Power station down
Nigeria football down
Education down

Nigeria Oluleeeee

Worst thing to happen to this country

When $1 was at 150 or so, it wasn’t as if government was going anything spectacular then. What was helping then was the fact yahoo boys are bringin in USA dollars everyday via the western union, making dollars sufficiently available in every bank. The is the main reason why Naira has been depreciating the moment these yahoo boys started leaving Nigeria..

Bank people knows this..

Go and check. The more USA dollars you have in your country, the more your currency appreciates against the dollar and vice versa..

One of the solution to this is we should increase our local production. Export more and import less. Farming that’s suppose to be helping us largely, people prefers to become doctors or lawyers than a farmer..

The question now is what do we export? We can’t export fake things. It won’ sell. And fake things too plenty for naija..

Abdulquadrimuha:
We just started sheybi them say Buhari would handle economy and osibanjo would handle security........


Yeye

you're wrong jor. It is buhari that will handle security and osinbajo will handle economy. E be like say the handle don remove for dem security and economy

thebosstrevor1:


One of the thing i don't understand is this.

Importers have increase the price of their goods. when buying a new consignment, they source dollar from the black market maybe for 700, then use the official exchange rate to buy their goods through Domiciliary accounts

When thos new consignment are imported, they *3 double the price.

I know the Government is bad,but Nigerians are making it more difficult for fellow Nigerians with excess greed with this times 3 example you just made now.

thebosstrevor1:


One of the thing i don't understand is this.

Importers have increase the price of their goods. when buying a new consignment, they source dollar from the black market maybe for 700, then use the official exchange rate to buy their goods through Domiciliary accounts

When thos new consignment are imported, they *3 double the price.

You are making a mistake bro. When you purchase dollar from aboki at 700 per 1$. You will be depositing that $1 in your domiciliary account, which accepts ONLY dollar

Rahkman:
Na 1k e go reach before october....by then I go cash out my dollars for bet365 wey the value just dey increase like cryptocurrency

How you doing it pls

Today I took a rider to wuse to buy but he ddnt see

thebosstrevor1:


One of the thing i don't understand is this.

Importers have increase the price of their goods. when buying a new consignment, they source dollar from the black market maybe for 700, then use the official exchange rate to buy their goods through Domiciliary accounts

When thos new consignment are imported, they *3 double the price.

Official exchange rate?...you have to source for the currency at the black market bro.

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Emefiele should tell Nigerians what he is going to do differently to salvage this situation else let him resign to give way to competient hands. Our economy is sinking.too bad

Na just way of escape I dey find.

the better y'all move out from this damn country the better for your sanity

cjudy:


No need inviting him. Tilubu said when erected, he won’t pay with dollar to the zone B’s.

APC doesn’t have business with Dollar. Make e reach 1k please

Sorry....do you mean when he is sexually aroused or what?

May be he said so out of pleasure from side chicks.........just may be...

thebosstrevor1:


One of the thing i don't understand is this.

Importers have increase the price of their goods. when buying a new consignment, they source dollar from the black market maybe for 700, then use the official exchange rate to buy their goods through Domiciliary accounts

When thos new consignment are imported, they *3 double the price.

Nigeria under APC and PDP.

LAUSUG15:


What you wrote is a total scrap. How will you put dollar in dorm account and use official rate to to buy goods through dorm acct?

You are right, it was a silly mistake

They should start giving farmers loan to grow crops especially wheat instead of inviting the CBN governor.

ijustdey:


https://punchng.com/breaking-senate-to-invite-emefiele-over-naira-devaluation/

God please save my darling country ���...

Malu and ewu govt,this dollar fit reach 1k oh,God save us

Dim08:
Hey guys,

It is with mixed feeling that I receive the news of our naira devaluation. I feel bad because this will certainly affect the cost of goods but I am happy at the same time because I also earn in dollars with Amazon KDP.

Many Nigerian youths only use their phone to surf the internet, read gossips and chitchat but the smart and wise youth are cashing out BIG time with Amazon KDP

I keep getting royalties in dollars for the low contents books I publish.

You don't need to be an avid reader or great writer to publish books.


All you need is to know what and what to put together and start making dollars.

Tell me more

[quote author=kk2027 post=115137658]

And APC is saying that Tinubu will continue from where Buhari stopped smh[/quote
One day they'll all run away from this country and the poor. Masses will inherit
Those things they stold

quentin06:
Its not his fault, the fact is the nations revenue has plummeted, there is a serious net balance of trade problem ( we are importing more and exporting very less) Also crude oil is being stolen and not exported for cash.

There is the excessive loans govts is borrowing and not using for what it was meant for.

Russia Ukraine no get hand in this, its just the cumulative effect of poor management of the nations resources by our so called leaders.

it is the excessive borrowing and crude oil that is the main problem....