Omoawoke:
Let me say something.

If you have ever gone into CBN and see the way the staff are working and the kind of people there, you will know Nigeria’s problem is deeper than you think.

When you have a sensitive system occupied by incompetent people, people who got the job through slots and nepotism.
Enter cbn office and see their staff watching movies in their laptops, doing little or nothing other than occupying space and earning salaries

How do you expect such system to function

Omihanifa:
Upon all the dollars the CBN is pumping into the market through the banks the naira keep sliding

sukkot:
Warevaaaa. We hear how Wigwe and co are given dollars by CBN and how that’s how they all got rich

Mitsurugi:


You need help

shortgun:

Where was obi's name mentioned in the article?
Get a life dude

meum:
A sound economist would have known what to do not all these trial & error these people are doing to our economy.

nlfpmod:


https://www.google.com/amp/s/businessday.ng/news/article/cbn-sells-dollars-at-spot-market-for-first-time-in-5-months/%3famp=1

ibrocool:
If CBN is selling at ₦1,490 then we should be expecting the banks to be selling at ₦1,550 and above. The black market will be worst as they will sell between ₦1,600 and ₦1,800.

What is making me to get worried most is the floating of naira which is not really working. Our local products that is supposed to sell at lower price are competing with imported products which is at higher price. Image, cement being produced in Nigeria with abundance limestone is being sold for 10000 naira. Its Nigerians scaming Nigerians. We don't like or love ourselves.

A lot of reformation needs to be done in this country.

Smartguyboy:


We will show him shage
Fools

Omoawoke:
Let me say something.

If you have ever gone into CBN and see the way the staff are working and the kind of people there, you will know Nigeria’s problem is deeper than you think.

When you have a sensitive system occupied by incompetent people, people who got the job through slots and nepotism.
Enter cbn office and see their staff watching movies on their laptops, doing little or nothing other than occupying space and earning salaries.

How do you expect such system to function

sukkot:
Warevaaaa. We hear how Wigwe and co are given dollars by CBN and how that’s how they all got rich

Omoawoke:
Let me say something.

If you have ever gone into CBN and see the way the staff are working and the kind of people there, you will know Nigeria’s problem is deeper than you think.

When you have a sensitive system occupied by incompetent people, people who got the job through slots and nepotism.
Enter cbn office and see their staff watching movies on their laptops, doing little or nothing other than occupying space and earning salaries.

How do you expect such system to function

Omoawoke:
Let me say something.

If you have ever gone into CBN and see the way the staff are working and the kind of people there, you will know Nigeria’s problem is deeper than you think.

When you have a sensitive system occupied by incompetent people, people who got the job through slots and nepotism.
Enter cbn office and see their staff watching movies on their laptops, doing little or nothing other than occupying space and earning salaries.

How do you expect such system to function

Kukutente23:

APC promised change from all this in 2015, 8 years later APC agents are complaining

Omoawoke:


The country will never move forward until you stop the ApC, pdp blame game while you remain victim.

Do you know some Juicy jobs have been assigned to people even before they finish school?

Check out offices in PTDF, DPR, CBN, NCC etc. The people to work there in the next 3 years, some are still in school and their fathers already kept the slot for them. Apc, pdp, Lp doesn’t matter to them and they keep rotating this irrespective of who wins the election.
The reason I left Nigeria is not because I wasn’t earning well in Nigeria, I left because I couldn’t process the depth of nepotism and injustice I saw. It doesn’t matter what you know, You don’t need to be a performer, any mediocre can work there as long as you have strong connection. You don’t improve, you don’t contribute, you just occupy space and collect salaries and bonuses. Your colleagues are not that smart, lazy unprofessional egocentric dimwits (there are exceptions though ) I find that sick enough, office look like a place to just go and sit and be idle doing nothing productive while your mates are breaking boundaries in private organizations and globally recognized firms with reputations. I’d rather work in PWC than rot in CBN or Firs

Kukutente23:

Yeah. I'm sure.
Are you not one of the biggest tribal bigots on this platform?

Saturnalia:
CBN sells to Banks @ 1,490 Naira? And the Banks will sell to the BDC operators @ 1,690 Naira; BDC will sell to the general public @ 1,890 Naira, and the cycle continues.

Until the Black Market is scrapped, trust me, this is an exercise in futility.

nlfpmod:


https://www.google.com/amp/s/businessday.ng/news/article/cbn-sells-dollars-at-spot-market-for-first-time-in-5-months/%3famp=1

Johnjustice:

Very myopic way to look at it. The question should be, why are we depending on the dollar in the first place.

Using IMF advice of floating the naira will be a disaster, because the naira, as it is can not compete with the dollar. Our dollar demand keeps getting higher as our imports volume increase by the day, more Nigerians are into dollar hoarding business, this also increase the value, due to scarcity, as more Nigerians go to school and treatment abroad we demand more dollars...naira has no chance.

The only way is dealing/trading with nations that will accept naira, at least if we cover only 50% of our imports with this arrangement of currency swap/receiving payments with local currency...naira value will quickly strengthen, because our national demand for dollars will drop. We can also start selling crude and gas in naira, so nations go look for naira, this will increase demand in naira, as they will come buy naira from us...It's all about demand and supply.

omokab:
they can't scrap it because BDC is operated by northerners . I mean 95% of them are Hausa.

CatchMeIfUCanMO:

Are you ok?

And your cbn is selling to the banks at #1490/dollar?

Omihanifa:
Upon all the dollars the CBN is pumping into the market through the banks the naira keep sliding