Goodvibes007:
Delayed reporting at N1620. The naira has appreciated again when I just checked.

Okoroawusa:
They are back to giving us feedback on naira.

adamusuleiman1:

1.25% depreciation, and you are dancing leg work.. It's an exchange rate system and would fluctuate..Don't forget to come back and update when it rises by 1.5% tomorrow for a % variance of 0.25.

BigIyanga:

Exactly or peg it to N1000. Working poor are hangry.. Middle class are hungry and savings eroded. The rich have seen their net worth evaporated. They mega wealthy have lost over 70% of their net worth… so cumulatively in formal and informal sectors, over $100bn has been lost due to Naira floating and subsidy removal… How much have saved? Net zero

press9jatv:
Naira will depreciate further to #2k. Binance or crypto currency’s not to be blame. It’s the clueless harsh economy policies of Tinubu government that should be reversed

adamusuleiman1:

1.25% depreciation, and you are dancing leg work.. It's an exchange rate system and would fluctuate..Don't forget to come back and update when it rises by 1.5% tomorrow for a % variance of 0.25.

Tallesty1:
Seems the arrested Binance boys have their laptops in their cell

Truthsave:

nairalanda1:
Naira is going to fall and keep falling until we make manufacturing the basis of our economy like serious nations and also improve tax to gdp ratios as well.

The reason why naira is falling is because the source of our economy is basically oil money. Oil money is dependent on oil prices which never favor us at all. If we want sensible money from oil, we have to have it above 130 dollars , for ten to twenty years running, and crude production increases at the same time

Any oil economy, even the good looking ones, are vulnerable economies. That is Nigeria for you.

Indeed naira has been falling and continues to fall. That it has fallen badly under tinubu regime has a lot to do with the fact that decades of borrowing and bad economics led us here.

We can still make it if we only do manufacturing and export of manufactured goods and allow the free market to operate here.

Or we can go and peg the naira to 200 to one dollar, subsjdisze fuel to 40 naira per liter and pretend we are showing the IMF shege, while we loan and take more loans to maintain the charade

I did not say corruption is not contributing, or that we have a good government..the fact of the naira falling since 1973 is a sign we haven't had good government for decades.

Apc better take the hard decisions and stop bothering about winning

Goodvibes007:
Delayed reporting at N1620. The naira has appreciated again when I just checked.

press9jatv:
Naira will depreciate further to #2k. Binance or crypto currency’s not to be blame. It’s the clueless harsh economy policies of Tinubu government that should be reversed

Goodvibes007:
Delayed reporting at N1620. The naira has appreciated again when I just checked.

press9jatv:
it will never work, attacking Binance, cryptocurrency will never bring any results to them, now btc has hit $68k. I guess they will attack btc rise too. First thing Tinubu should do is to sack the clueless Cardoso that never know the economy of Nigeria and how it will be runned. Naira will continue to fall apart. Crypto currency’s has been in existence for more than 15 years now and it keeps increasing by the day. They don’t invest in manufacturing sector, they don’t invest in Agriculture economy, they don’t invest in security sector, it’s Binance and crypto currency’s they are attacking. The black market rate will soon hit 2k per dollar

treesun:



https://www.thecable.ng/naira-depreciates-to-n1620-at-parallel-market/amp?/naira-depreciates-to-n1620-at-parallel-market

YellowbaMoslem:


When will it reach #700 that Tinubu met it?

Its when naira gets below 700 that we would assume its appreciating.

So if Tinubu get the dollar to #5,000and it gets to #4,950, you will say its appreciating?







Don't mind those urrcchins they always think with them anus

Ode!

Deogratiasfx:


You think those guys understand what you are saying exist? They are only doing what they know is possible - Ban any cypto thing, flog BDCs people is what they understand

ozo13:
when guys mention harsh economy policies am always confuse unless it's different from what other candidates promised they were also going to do during the election.i need someone to explain things to me in clear term as regards the harsh economic policies.When We had our Chances and excess of dollars to improve ourselves as a country we did absolutely nothing to better ourselves economically.Now we lost the opportunity and it came back hard bitting.
I remembered when crude was selling for 120dollars per barrel and our daily oil output or production was cool we never saved for the raining days we were forming dorime on oil money.

ozo13:
when guys mention harsh economy policies am always confuse unless it's different from what other candidates promised they were also going to do during the election.i need someone to explain things to me in clear term as regards the harsh economic policies.When We had our Chances and excess of dollars to improve ourselves as a country we did absolutely nothing to better ourselves economically.Now we lost the opportunity and it came back hard bitting.
I remembered when crude was selling for 120dollars per barrel and our daily oil output or production was cool we never saved for the raining days we were forming dorime on oil money.

Angelfrost:


Well, a floated currency not propped by loans is meant to fluctuate depending on how demand and supply affect it.

The aim now should be increasing the demand for the Naira whilst diminishing the need for foreign currencies.

This can only happen if importation is largely reduced in favor of exports.

Local production and consumption remain the way forward.

Angelfrost:


Well, a floated currency not propped by loans is meant to fluctuate depending on how demand and supply affect it.

The aim now should be increasing the demand for the Naira whilst diminishing the need for foreign currencies.

This can only happen if importation is largely reduced in favor of exports.

Local production and consumption remain the way forward.