FreeStuffsNG:
Actually, it's now more than 9 days. Great job by the CBN and Mr President. Binance and other criminal crypto money-laundering channels must be held to account for their financial crimes committed against the nation.

Mallam Ribadu and Cardoso must never leave those two Binance small fries and their collaborators within Nigeria until the identity and details of those behind the $26 billion moved through their platform last year is unveiled and all of them prosecuted.

Never again must our hard-earned forex be used to defend dollars criminally manipulated on Binance and on the street to be overvalued against the naira. We were using hard-earned money that we should use to build schools, roads, electricity etc and FG still took loans to defend the naira against the dollars some unpatriotic elements and criminal foreigners were manipulating FG must hold them to account o.

God bless Nigeria for ever! Check my signature for free stuffs!

You are deceiving yourself and sincerely speaking I don't know why an idoit will be doing this online.

What is your country producing to earn foreign exchange in dollars?

Your crude oil that gives you an advantage in foreign exchange income has been used as a mortgage to borrow money for years.

So how do you hope dollar exchange with your Naira will be at your advantage by now?

You supporters of politicians in Africa should stop telling lies to yourselves and your friends, most of you are too educated to live in illusion.

sweetkev:
Did you just say great job ? From 750 a dollar to 1,600 naira. Keep playing.

That was when we were spending billions to defend dollar,No more spending billions to defend dollar

Celestialsword:

https://www.legit.ng/business-economy/economy/1582840-exchange-rates-official-parallel-market-converge-binance-exits-nigerian-market/

Have tried using Chipper Cash or Payday. Dollar is more than 1700 for in apps

FreeStuffsNG:
Actually, it's now more than 9 days. Great job by the CBN and Mr President. Binance and other criminal crypto money-laundering channels must be held to account for their financial crimes committed against the nation.

Mallam Ribadu and Cardoso must never leave those two Binance small fries and their collaborators within Nigeria until the identity and details of those behind the $26 billion moved through their platform last year is unveiled and all of them prosecuted.

Never again must our hard-earned forex be used to defend dollars criminally manipulated on Binance and on the street to be overvalued against the naira. We were using hard-earned money that we should use to build schools, roads, electricity etc and FG still took loans to defend the naira against the dollars some unpatriotic elements and criminal foreigners were manipulating FG must hold them to account o.

God bless Nigeria for ever! Check my signature for free stuffs!

Well spoken

Epistasis:
That's great. Once the disparity is closed, we can now work on making the naira stronger.

Binance and the criminals on that platform almost ruined our currency. In fact, they did before the clamp down on them. Bastards!!

sweetkev:
Did you just say great job ? From 750 a dollar to 1,600 naira. Keep playing.

If the criminals on Binance had been tackled earlier before they were able to do damage, naira wouldn't have fallen to that level

FreeStuffsNG:
Actually, it's now more than 9 days. Great job by the CBN and Mr President. Binance and other criminal crypto money-laundering channels must be held to account for their financial crimes committed against the nation.

Mallam Ribadu and Cardoso must never leave those two Binance small fries and their collaborators within Nigeria until the identity and details of those behind the $26 billion moved through their platform last year is unveiled and all of them prosecuted.

Never again must our hard-earned forex be used to defend dollars criminally manipulated on Binance and on the street to be overvalued against the naira. We were using hard-earned money that we should use to build schools, roads, electricity etc and FG still took loans to defend the naira against the dollars some unpatriotic elements and criminal foreigners were manipulating FG must hold them to account o.

God bless Nigeria for ever! Check my signature for free stuffs!

Unfortunately on less than 5% of Nigerians understand this.
So many Nigerians with degrees but very little education.
They will come and insult for this.
Unread of trying to understand what you have said.
As long as its against the small knowledge they have they will fight it.
We are cursed with ignorance in Nigeria

/

...and three months later, N1640 is considered an appreciation in value

Who knows? By December, N2000/$ will be an appreciation that calls for celebration.

/

The convergence is not what will stabilize the rate, because i said this earlier that as long as many # is chasing few $, there will still be lapses in the exchange rate. We need forex from trade Tinubu.

This actually makes the convergence possible, USD can no longer be withdraw over the counter. By the time CBN becomes consistent with their intervention sales in the market, the rate will fall.

herkeem:
True.... Was forced to sell some dollars in my dorm account to the bank. No point going to Aboki again.

FreeStuffsNG:
Actually, it's now more than 9 days. Great job by the CBN and Mr President. Binance and other criminal crypto money-laundering channels must be held to account for their financial crimes committed against the nation.

Mallam Ribadu and Cardoso must never leave those two Binance small fries and their collaborators within Nigeria until the identity and details of those behind the $26 billion moved through their platform last year is unveiled and all of them prosecuted.

Never again must our hard-earned forex be used to defend dollars criminally manipulated on Binance and on the street to be overvalued against the naira. We were using hard-earned money that we should use to build schools, roads, electricity etc and FG still took loans to defend the naira against the dollars some unpatriotic elements and criminal foreigners were manipulating FG must hold them to account o.

God bless Nigeria for ever! Check my signature for free stuffs!

Nation? You dont understand the real meaning of nation. Nigeria is not a nation and never can it be because of the diverse forces pulling it out.

Peakdesign23:
I pray it appreciates. Although I don’t trust their judgement.

Keep praying vote in incompetent leaders then run and pray to God
God no dey answer that kind prayers

[quote author=Jbleenk post=128910820]

Can you not understand that the fed govt use to pay a huge amount the to keep it at 750 to a $? Now this is the true value of the naira. No govt intervention no govt defense. If everyone needing to xchange naira to $ or $ to naira goes through the official window instead of black market then we can see the naira appreciating further. [/quote

Pls talk with you know.
Mind you this government is still borrowing billions of dollars to defend naira.

Ofunaofu:


Did you just say great job?

Who is doing a great job?

It was about #700 to a dollar when Tinubu took over, and in just nine months of being in power, he crashed it to the extent that the naira was exchanging at #1950 to a dollar. Then appreciated marginally to #1600 to a dollar, and you refer to it as a great job.

Honestly, Tinubu supporters are the worst set of homosapiens to have ever emerged on the surface of this planet.

Oga when you see clowns you leave them be. The so called tinubu supporters they're all poverty stricken and hungry, always borrowing data to come post nonsense here.

sweetkev:
Did you just say great job ? From 750 a dollar to 1,600 naira. Keep playing.

In the eyes of the market, prioritizing stability holds greater significance than focusing solely on the naira-USD exchange rate.

Okay, this is plausible... can we now make international payments with our debit cards?

Pristine664:


Abacha left it around 25 per dollar.

PDP took it to 10x and APC have done almost 10x too lol

PDP left it at N200, APC came asking if N200 was OK, that Nigerians deserve better, only for them to take to N2,000

What has all this got to do with industries and creating jobs so the economy can have real strength. All this technical approach no go do nothing. Just de watch.


You increase fuel and that took out great many out of the workforce in their little way. No remedy for low income earners. Rather than fix the wage disparity to even up, You are busy fight from top down rather the reverse.

Jbleenk:


Can you not understand that the fed govt use to pay a huge amount the to keep it at 750 to a $? Now this is the true value of the naira. No govt intervention no govt defense. If everyone needing to xchange naira to $ or $ to naira goes through the official window instead of black market then we can see the naira appreciating further.

liar. government doesn't pay anything to keep it at 750naira to 1 USD. This is how u guys keep spreading lies.

FreeStuffsNG:
Actually, it's now more than 9 days. Great job by the CBN and Mr President. Binance and other criminal crypto money-laundering channels must be held to account for their financial crimes committed against the nation.

Mallam Ribadu and Cardoso must never leave those two Binance small fries and their collaborators within Nigeria until the identity and details of those behind the $26 billion moved through their platform last year is unveiled and all of them prosecuted.

Never again must our hard-earned forex be used to defend dollars criminally manipulated on Binance and on the street to be overvalued against the naira. We were using hard-earned money that we should use to build schools, roads, electricity etc and FG still took loans to defend the naira against the dollars some unpatriotic elements and criminal foreigners were manipulating FG must hold them to account o.

God bless Nigeria for ever! Check my signature for free stuffs!

What about the one your Apc Gandollar stuffed in his clothes? That would have also done something for the nation

FreeStuffsNG:
Actually, it's now more than 9 days. Great job by the CBN and Mr President. Binance and other criminal crypto money-laundering channels must be held to account for their financial crimes committed against the nation.

Mallam Ribadu and Cardoso must never leave those two Binance small fries and their collaborators within Nigeria until the identity and details of those behind the $26 billion moved through their platform last year is unveiled and all of them prosecuted.

Never again must our hard-earned forex be used to defend dollars criminally manipulated on Binance and on the street to be overvalued against the naira. We were using hard-earned money that we should use to build schools, roads, electricity etc and FG still took loans to defend the naira against the dollars some unpatriotic elements and criminal foreigners were manipulating FG must hold them to account o.

God bless Nigeria for ever! Check my signature for free stuffs!

Shut up. If you don't know anything. 26b is not just a single transfer or transaction. It accumulate from as low as 1$ buy and sell. When u buy and sell some or trade that accumulated to 26b. Your bank statements that reads 1m above monthly. Does that mean you transfer d 1m monthly.? All your inflows and outflows summed to that 1m above. Get sense

Epistasis:
That's great. Once the disparity is closed, we can now work on making the naira stronger.

In order words if the disparity isn't closed there will be no working to make the naira better.

And they are celebrating this??

herkeem:
True.... Was forced to sell some dollars in my dorm account to the bank. No point going to Aboki again.

If the rates are same then you just use the app and exchange with the bank



But I observe my bank I can change my usd to naira but can't change my naira to usd why?

Stephench:


They used to spend a lot to keep the naira low to keep life a little simple for the citizens. Now, government stopped spending that money and threw everyone into abject poverty what's the sense in that?

You do know US accuses some countries of deliberately devaluing their currencies? We are so blind to see the inherent opportunity available to us as a result of devaluation of the currency and that’s because we depend on government to feed us like babies. Find yourself a job or product or anything for that matter that can earn you money in dollar and see if you won’t benefit greatly from the devaluation. Now imagine a lot of youths do same. If they call you lazy and clueless youth now will be mad and angry. Clueless children of hate.

FreeStuffsNG:
Actually, it's now more than 9 days. Great job by the CBN and Mr President. Binance and other criminal crypto money-laundering channels must be held to account for their financial crimes committed against the nation.

Mallam Ribadu and Cardoso must never leave those two Binance small fries and their collaborators within Nigeria until the identity and details of those behind the $26 billion moved through their platform last year is unveiled and all of them prosecuted.

Never again must our hard-earned forex be used to defend dollars criminally manipulated on Binance and on the street to be overvalued against the naira. We were using hard-earned money that we should use to build schools, roads, electricity etc and FG still took loans to defend the naira against the dollars some unpatriotic elements and criminal foreigners were manipulating FG must hold them to account o.

God bless Nigeria for ever! Check my signature for free stuffs!

You don't seem to be informed, defending the naira with the excess crude doesn't mean we give out the dollars free, The Cbn still sells and collect the naira equivalent, the only problem is depletion of the account which is our source of balancing trade.

Pls try and be informed and dont get carried away by propaganda in attempting to defend the govt.
By the way, the Cbn has resumed the weekly sales of dollars back to BDCs, and monitoring the movement of the currency. That's should have been done earlier rather than allowing the Dollars to spiral out of control.
It's managed floating that Atiku proposed, The govt wants to borrow $10b to defend the naira, I hope you are aware.

Damian911:
It's getting crazier by the day

FTC

I agree with you Bro. It high time we take hold of the Civil Service. The Mother hen of corruption in Nigeria. Also Everyone should be more productive.

sonnie10:
That means there is no hope for it to go back to even the #700 to $1 where he met it.

N700 per dollar is a subsidised rate, only real export oriented economic activities can bring it back to that rate and even reduce it further.

FreeStuffsNG:
Actually, it's now more than 9 days. Great job by the CBN and Mr President. Binance and other criminal crypto money-laundering channels must be held to account for their financial crimes committed against the nation.

Mallam Ribadu and Cardoso must never leave those two Binance small fries and their collaborators within Nigeria until the identity and details of those behind the $26 billion moved through their platform last year is unveiled and all of them prosecuted.

Never again must our hard-earned forex be used to defend dollars criminally manipulated on Binance and on the street to be overvalued against the naira. We were using hard-earned money that we should use to build schools, roads, electricity etc and FG still took loans to defend the naira against the dollars some unpatriotic elements and criminal foreigners were manipulating FG must hold them to account o.

God bless Nigeria for ever! Check my signature for free stuffs!

your brain stopped working since 2015, hopefully it will resume work by 2050.great job in deed.it was 210 in 2014 until you mofos brought in the rogues it's now 1600 from 1900.

Lol 😂 😂, funny you, so you re not in Nigeria when our government is borrowing dollars, more dollars to defend it. Thy even devalue the naira for the second time according to the article. Nigeria is still defending and intervening in the market. U only float ur currency when you have enough dollars on the supply side. Google countries that have their currency floated... Advance countries. The problem is not speculators but the supply side, greed and corruption. If the speculators like set the rate at 5000, if there is supply from the bank nobody will buy outside. Is simple economic our supply should be more than demand. This is why every country in the world have the US dollar but it has maintained it value after from inflation. The government is still defending the naira. There's no difference between the fixed rate and floating. Is what this Buhari Central bank did, that this what the current cbn one is doing. Borrowing dollars. The only difference is we are suffering from this error. Bcs the exchange rate determines the market oil price in Nigeria and that is y our government is still subsidising the oil. I pray we Nigerians win.

Jbleenk:


Can you not understand that the fed govt use to pay a huge amount the to keep it at 750 to a $? Now this is the true value of the naira. No govt intervention no govt defense. If everyone needing to xchange naira to $ or $ to naira goes through the official window instead of black market then we can see the naira appreciating further.

1600 is not an achievement