The dollar is crashing on Binance. From N1,900 to 1490.

Sell now or sell at N100/$. This is a financial advice.

https://twitter.com/KawuGarba/status/1761692029984104846

Wow! Some good news...
I really don't know what this govt is doing but whatever they are doing is really working. It shows some people were deliberately manipulating this thing before.
I hope this can be pushed to front page on time.
Cc Seun

BAD NEWS to Obidients 🐀 🐀 wey nor wish us well

Crash is temporary. The naira will fall again

At the end, NIgeria is not earning enough dollars. Simple and short.

NO dollars, no means of buffering the naira. We are just circulating the few dollars we have, hoping it brings miracles.

But right now, with debt service eating most of our revenue, and a depleted forex reserve, I don't expect the naira to remain forever strong...it would weaken till we have started earning more dollars.

Obedients would be praying 🙏🏾 it's a lie.

God pass Eluuups 70
Eruku makaniki 77
Eluuupees 75
Olu Lee 71

Thank God ooo.*Singing * I have seen,seen the downfall of Satan,glory be to God,glory be to Jesus,,,,,,,,......When I look at my back,Obidients has fallen ..........

nairalanda1:
Crash is temporary. The naira will fall again

At the end, NIgeria is not earning enough dollars. Simple and short.

NO dollars, no means of buffering the naira. We are just circulating the few dollars we have, hoping it brings miracles.

But right now, with debt service eating most of our revenue, and a depleted forex reserve, I don't expect the naira to remain forever strong...it would weaken till we have started earning more dollars.

This is a sad news, are you also a speculator?.

funshint:
Wow! Some good news...
I really don't know what this govt is doing but whatever they are doing is really working. It shows some people were deliberately manipulating this thing before.
I hope this can be pushed to front page on time.
Cc Seun

Nigerians are wicked, they manipulate the currency personal interest

7lives:


This is a sad news, are you also a speculator?.

. Nope. LIke the joker I am, I am yet to have a dom account. (It's a new year resolution for me that I should open one before the end of this year...).

But I have been following our currency vs the dollar for a long time. And over the last ten years, I have come to understand that a strong currency comes from having enough forex flowing into the country. We don't have that now.

blamingthedevil:
The dollar is crashing on Binance. From N1,900 to 1490.

Sell now or sell at N100/$. This is a financial advice.

https://twitter.com/KawuGarba/status/1761692029984104846

Babablu bulabu advice.

APC Tinubu will sell 1 dollar for 100 naira in agbado republic.

nairalanda1:
Crash is temporary. The naira will fall again

At the end, NIgeria is not earning enough dollars. Simple and short.

NO dollars, no means of buffering the naira. We are just circulating the few dollars we have, hoping it brings miracles.

But right now, with debt service eating most of our revenue, and a depleted forex reserve, I don't expect the naira to remain forever strong...it would weaken till we have started earning more dollars.

If we're to go by your comment, almost every African country national currency is suppose to be performing badly like the Nigerian currency.

Super story

blamingthedevil:
The dollar is crashing on Binance. From N1,900 to 1490.

Sell now or sell at N100/$. This is a financial advice.

https://twitter.com/KawuGarba/status/1761692029984104846

N100 to $1? Abeg go sleep. Financial advice for gutter.
You people have the time to celebrate mediocrity and failures. Nigeria will never be ok with low-level celebrators of failures like this.

Paraman:
If we're to go by your comment, almost every African countries currency is suppose to be performing badly like the Nigerian currency.

IMma going to tell all of you a harsh truth...almost all African currencies are a mess. Even the SA rand.

The problem is, most African countries are not massive industrial producers. Either they are funding themselves on debt or they sell resources whose prices they do not control. EIther way, it means that there isn't enough forex flowing in to keep the economy strong.

We can cry about it, and say we want to remove ourselves from dollars. But everyone, including many Africans, wants dollars for international trade.

Chai, the dollar don japa o! Make we sell now or wait for N100 E fit be like film trick sha.

nairalanda1:


. Nope. LIke the joker I am, I am yet to have a dom account. (It's a new year resolution for me that I should open one before the end of this year...).

But I have been following our currency vs the dollar for a long time. And over the last ten years, I have come to understand that a strong currency comes from having enough forex flowing into the country. We don't have that now.

Why dollar rate no depend on strong naira flowing through their economy? Country don’t need no FX if it is not dependent on imports to largely trade on an FX not in it’d currency. We should absolutely only trade in naira.

blamingthedevil:
The dollar is crashing on Binance. From N1,900 to 1490.

Sell now or sell at N100/$. This is a financial advice.

https://twitter.com/KawuGarba/status/1761692029984104846

People who buy usdt at over #1800/1 usdt, will be sweating now

baby124:

Why dollar rate no depend on strong naira flowing through their economy? Country don’t need no FX if it is not dependent on imports to largely trade on an FX not in it’d currency. We should absolutely only trade in naira.

NO, we need forex...for imports, paying our debt, etc.

Or how do we pay for things like the phones and computers we use? Certainly not in naira when we import the stuff.

I pray people are intelligent enough to differentiate between swings based on Currency Speculation VS Economic Policy

The reason why our leaders cannot see anything wrong in their directionless leadership is due to the kind of moronic followers they have. Naira have been on a freefall and everyone was feeling the heat and then it's beginning to recover and yet morons are mentioning obidients?? Are they the ones who wrecked the Naira What kind of foolishness is this?? Since when is Binance the BDC or CBN who fixes rates?

blamingthedevil:
The dollar is crashing on Binance. From N1,900 to 1490.

Sell now or sell at N100/$. This is a financial advice.

https://twitter.com/KawuGarba/status/1761692029984104846

Please, advise them well.

Left to me, all the domiciliary accounts with local remittances would have been converted to Naira at the rate of $1 = N1.

Anyone who is buying dollars in Nigeria and stocking up in domiciliary accounts, have more money than they need to care for themselves and their families, so rather than save it in Naira, they want to ruin our commonwealth economy.

I cannot be in government and you will want to prove that you can be more wicked than the government.

Please keep your dollars oh! Tinubu cant handle the massive inflation he had already plunged Nigeria into.

So, the best thing to do is save your dollars because after a few days it's climbing back to 2500. It's a warning.

Eluuupees 🤡 🤡 🤡 🤡 from top uo BOTTOM party

Golan007:
Obedients would be praying 🙏🏾 it's a lie.

Aboki APC dogs such as yourself keep praying for the continued enslavement of their own loved ones and future generations

Cursed chunk of slime

If you have cash buy lots of it now and sell later. Naira will still crash. It's temporary

They are deliberately doing to to make money..
The Cabals that own the place

DON'T WASTE TIME, CRASH IT NOW TO N500:$1 TILL JUNE ENDING AND AFTER N200:$1 TO 31/12/24. 'COS, IT WILL BE N1;$1 BY 1st JAN. 2025.
THIS IS TINUNOMICS NOT BUHARINOMICS.

ANY ONE OR COMPANY PAYING OR EARNING DOLLARS IN NIGERIA FOR GOODS AND SERVICES IS A CRIMINAL. HE SHOULD BE ARRESTED AND PROSECUTED IMMEDIATELY..

nairalanda1:
Crash is temporary. The naira will fall again

At the end, NIgeria is not earning enough dollars. Simple and short.

NO dollars, no means of buffering the naira. We are just circulating the few dollars we have, hoping it brings miracles.

But right now, with debt service eating most of our revenue, and a depleted forex reserve, I don't expect the naira to remain forever strong...it would weaken till we have started earning more dollars.

The banks were hoarding 7 billion dollars according to one govt official on Channel news last week. I think they've received phone calls from Aso Rock to desist or have their top executives arrested for sabotage and money laundering etc.

Golan007:
Obedients would be praying 🙏🏾 it's a lie.

Oga
Tackle your president

nairalanda1:


IMma going to tell all of you a harsh truth...almost all African currencies are a mess. Even the SA rand.

The problem is, most African countries are not massive industrial producers. Either they are funding themselves on debt or they sell resources whose prices they do not control. EIther way, it means that there isn't enough forex flowing in to keep the economy strong.

We can cry about it, and say we want to remove ourselves from dollars. But everyone, including many Africans, wants dollars for international trade.

why is the Seychellois Rupees (SCR), Botswana Pula (BWP),Eritrean Nakfa (ERN), Lesotho Lotis (LSL) and the Namibian Dollar (NMD), not performing poorly like the naira in the pass 7 month? Their currency should be falling like the naira

Paraman:
why is the Seychellois Rupees (SCR), Botswana Pula (BWP),Eritrean Nakfa (ERN), Lesotho Lotis (LSL) and the Namibian Dollar (NMD), not performing poorly like the naira in the pass 7 month? Their currency should be falling like the naira

Are the above currencies accepted for international payments?

Obviously not.