If the CBN begs official rate at N200 what exactly will happen? I want to know if am being stupid or the wickedness of Nigerian governments needs a revolution?

APCnomics

omowolewa:



Dangote is about to start cooking the first batch of crude but that's not what is giving the Naira High blood pressures

It's our tastes for foreign goods and services.

Is there any country that does not have taste for foreign goods and service aka importation?
This same story line was said 30 years ago, it is still being said now. Nigeria imports just as any other country. Go to your average shop in eg the UK, you will find out compared to a naija shop their shops likely have a higher percentage of imported products.
The issue with naija is corruption, mismanagement, wanton oil theft by folks at the highest level of government etc.

tensazangetsu20:


Who told you that peter obi is the Will of God for Nigeria. If elections are held after two years tinubu will win without riggings.

If I say you no well now they might ban me , so I won’t say it…

Na statistics we go chop?

Naira depreciation is one of the backbone of economy truncated. At this time, our government should work towards of having creators instead of investors. Our sons and daughters have knowledge of creativity, they can create many things that will improve our economy. The problem we have in Nigeria is that we don't recon with our own, we value foreign things and ideas more than our own whereas those foreign people make use of our children knowledge to improve their economy

tensazangetsu20:


Who told you that peter obi is the Will of God for Nigeria. If elections are held after two years tinubu will win without riggings.

Stop campaigning and face reality

Mrchippychappy:
It's a tactical move for the Naira to trick the dollar into thinking we are crashing but watch how we would maneuver the market in the coming days. I have it on good authority from the Tinubu camp. A great tactical play is on the horizon.

Story
Tatsuniya

jmoore:

You are a true patriot. 1 dollar will be sold at 200 naira next week.

And one dollar will become 100 naira the upper week
Av always known Thiefnubuuu was the messiah
Jagaban!

Ikaeniyan0:
Afrexim bank $3 billion loan will be gotten next week

And?

tensazangetsu20:


Who told you that peter obi is the Will of God for Nigeria. If elections are held after two years tinubu will win without riggings.

KwuoteYourFada:


Chineke hahaha

See as confusion dey do mandate people

zombieHUNTER:


This guy is a Yoruba Muslim

They are cheering on Tinubu as he loots the country dry ..
selling false hope to fools on social media..

Renewed shege pro max on the beat

He might be among those queuing at bourdilon for free food sef

ogododo:
Make una wake me when it don become N1 to $1.

You want to sleep a million years ?

Kennyswag:
But i read it was 1200 some days ago.

Official not black market

The shyyythole from fry pan to FIRE 🔥🔥🔥🚩🚩🚩

Nebbinok32:
We need a saviour

No saviour among the present crop of politicians. Non at present.

Naira crashes or dollar crashes?

CrossRhodes:

He might be among those queuing at bourdilon for free food sef

They're the ones

zombieHUNTER:


This guy is a Yoruba Muslim

They are cheering on Tinubu as he loots the country dry ..
selling false hope to fools on social media..

Renewed shege pro max on the beat

Taking him a Yoruba Muslim just revealed your identity, you lots will wail till eternity.

tensazangetsu20:


Who told you that peter obi is the Will of God for Nigeria. If elections are held after two years tinubu will win without riggings.

Yes ooo even me too I will personally campaign for Tinubu ooo, who like a better NIGERIA? 😂😂 Make we dey vote bad leaders wey go spoil the country jur😁😁 TINUBU till 2031

Eniolohunda:

Taking him a Yoruba Muslim just revealed your identity, you lots will wail till eternity.

He never denied his identity..

We have a guy here who said same like you
only to open a thread lamenting how things are getting out of hand in the country.


you are not the first fool on social media..

Ikaeniyan0:
It will strengthen against the dollar next week

Zombie like optimism.

Judolisco:
We pray for better days... Some people are happy with dis news.... How bad news go dey give people joy?

😂😂😂😂😂

it is well

Judolisco:
We pray for better days... Some people are happy with dis news.... How bad news go dey give people joy?

The happy ones are the politicians that had stocked up dollar and expecting it to rise so the value of their loot will appreciate in factorial order.

Guy he no mention anybody name na. Omo see guilty conscience

tensazangetsu20:


Who told you that peter obi is the Will of God for Nigeria. If elections are held after two years tinubu will win without riggings.

Is the Nigeria economy dependent on dangote refinery for its recovery ? Why do people keep say when dangote refinery is up and running it will ease the fall of the naira ? Last time I check dangote refinery is owned by a private sectore and its not NNPC .....Nigeria should export more than it import

ogododo:
Naira depreciated to the worst low in recent times exchanging at N1,043.09 to the dollar at the official foreign exchange market on Thursday.

This is against N872.59 /$ recorded on Wednesday at the Nigerian Autonomous Foreign Exchange Market (NAFEM).

According to dealers, the rate was stronger than N885.88/$ quoted on Friday before the Christmas holidays.

Data from the FMDQ showed that dollar supply increased by 38.81 percent to $127.93 million on Wednesday from $92.16 million recorded on Friday.

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The dollar was supplied by willing buyers and willing sellers who participated in the FX auction at NAFEM.

They quoted the dollar at N1,235.65 on the spot trading, stronger than $1,248 quoted on Friday. For the lower spot rate, the dollar traded for N740, weaker than N700 on Friday.

Data from the FMDQ showed that dollar supply increased by 38.81 percent to $127.93 million on Wednesday from $92.16 million recorded on Friday.
Naira has been rated among the world’s worst performing currencies in 2023.

This is coming on the heels of Bloomberg’s latest report that naira is poised for its worst year since the return to democracy in 1999, with analysts predicting further depreciation in 2024.

https://dailytrust.com/naira-crashes-to-all-time-low-hits-n1043-09-1-at-official-market/

Plenty talk no dey full basket.

Unfortunately everyone has moved on.

the man will be worse than the former. clearly written in his face

lamdbull:
Dbull on this one!!!


Please hold me and my guys responsible, the amount of dollar we spent this December is enough to crash naira

You’re a clown