Anything below 1000 #/$

About to achieve uniformity and then we can point our focus on establishing steady and continous appreciation.

Naira moving like CGPA, when it wants to fall, it does so with a great speed, when it's time to rise, it uses snail speed.

You’ve just made Nigerians poorer with a very very low purchasing power

Wainey:
that is not the reason, we export more than we import currently

Read this again... Slowly !
Mistakes right??

toluleke:
The floating will stabilise a lot of thing only if we begin to produce and export. Those who their currency dominate us will prefer to buy from us because it is cheaper

what are you producing presently? Govt left the most fundamental and were chasing shadows.

If I'm to go by your school of thought, then the first step should be ensuring stable electricity, this way, businesses can produce more efficiently. Ensure that the naira is highly stable and favourable, so manufacturers can afford cheaper equipment and raw materials.

After these gains, you can now float when your production Base is strong enough to maximise export.

So tell me, how does floating and depreciation favour a non-productive economy?

Nah this kind headline children of hate deh like pass since no be their Agulu fraud dey power, if to say naira fall now, them no go believe am, nah propagation them, awon omo eru 🤣🤣🤣🤣

Moyinoluwa35:
Your govt came and met dollar at 700 naira now urs shift to 1600, how this dullard won this election without presidential debate still a surprise

How you think a presidential debate would guarantee effeciency and good performance beat my imagination

Did jonathan not attend debates, if his performance was good will Nigerians boot him out

Trump did he not attend debates, why did americans deny him 2nd term, even the Joe biden the current president from all indication is 2nd term sure ... he attended debates but why is his performance not satisfactory to americans

Kukutente23:
It's all a fraud
The CBN is back to pegging exchange rate
Tinubu suffered Nigerians for nothing

More like pegging so called "market forces". i guess you prefer the greedy "market forces" making it 2500 to a dollar. Floating a currency comes with some pain, it's not for nothing.

All motion, NO MOVEMENT govt of self serving THIEVES AND BLOODTHIRSTY TERRORISTS! 💯💯💯

Yankee101:
You’ve just made Nigerians poorer with a very very low purchasing power

Exactly

If it was in a better country, by now these people should have been stoned with boulders. But alas our country people keep adjusting their quality of life downward including ration of meal, managing and persevering suffering and smiling.

toluleke:
The floating will stabilise a lot of thing only if we begin to produce and export. Those who their currency dominate us will prefer to buy from us because it is cheaper

Normative Economist. This is not what is needed atm.

Image123:


More like pegging so called "market forces". i guess you prefer the greedy "market forces" making it 2500 to a dollar. Floating a currency comes with some pain, it's not for nothing.

Why didn't he begin this pegging move earlier on to peg it at N750, instead he allowed "market forces" to take it to close to N2000

Read on my behalf

Wainey:

Did you read at all abi u just saw naira and decide to comment?

iichidodo:
Just keep it stable, so that the economy can have a breather...

You mean that Naira exchanging at 1600 to dollar is stable and impacting positively on the economy

Finally govt has seen the foolishness in floating the naira and has gone back to managed float. Unfortunately its too late because they have destabilised the purchasing power of naira and caused massive forex losses for businesses

VeeVeeMyLuv:

Why didn't he begin this pegging move earlier on to peg it at N750, instead he allowed "market forces" to take it to close to N2000

Because it was being subsidized. That was unfortunately not the real value. And he's human, he'll make mistakes also. Nigeria has big and complex problems, only God will not make mistakes solving them.

Mandate1:
Govt of trial and error, no clear-cut direction.

How do I explain to anyone that the priority of the Nigerian national assembly is to buy deep freezers for constituencies. A country with a very comatose electricity. Freezers that an average minimum wager should comfortably buy?

Between 1999-2024, Nigeria can't produce a mere 5,000megawatts of electricity, this is a total of 25years. What a shame!

What are they planning to use to power the Freezers?

God help us

TOYNEX:

Read this again... Slowly !
Mistakes right??

you should go and check Nigeria's import and export.
We export more

toluleke:
The floating will stabilise a lot of thing only if we begin to produce and export. Those who their currency dominate us will prefer to buy from us because it is cheaper

Oya na how do we begin to produce and export. Only last year, over 700 of our industries folded up

All the propaganda of tinubu no work again buh them tell us say e don dey pay. they keep on decieving us

Binance again

Wainey:
you should go and check Nigeria's import and export.
We export more

I'm honestly not aware of this. If you have the statistics, do you mind sharing?
I just want to learn .

Kukutente23:
It's all a fraud
The CBN is back to pegging exchange rate
Tinubu suffered Nigerians for nothing

Very yeye people, so why did they float it before when they know they cannot manage it.....just caused problem everywhere

civilserva:
Binance again

lol.....na Binance cause am........very dull people

Moyinoluwa35:
Your govt came and met dollar at 700 naira now urs shift to 1600, how this dullard won this election without presidential debate still a surprise

It was ₦461 official rate and ₦570 black market rate.

Not ₦700.

It was during Tinubu's time that it even touched ₦700.

Image123:


Because it was being subsidized. That was unfortunately not the real value. And he's human, he'll make mistakes also. Nigeria has big and complex problems, only God will not make mistakes solving them.

Bro, let's leave the human error out of this, you cannot employ your political cronies in key positions ignoring professionals and expect progress. . See, Nigeria cannot move forward until Nigeria is managed like a BUSINESS and ignore irrelevant focus on politics, then progress would start. By the time politician and Nigerians focus and concentrate on the work at hand and remove focus on the next election and lies, then we would start moving forward. Human error is not our problem at all.... it's greed, power, foolishness, wickedness and too much politics that's our major problem

TOYNEX:

I'm honestly not aware of this. If you have the statistics, do you mind sharing?
I just want to learn .

just type "Nigeria import export" on Google, it will show.
This site doesn't allow me post pics I don't know why.
Our problem is not about export and import alone cos we really export more, Nigeria problem get as e be

nedu666:
Finally govt has seen the foolishness in floating the naira and has gone back to managed float. Unfortunately its too late because they have destabilised the purchasing power of naira and caused massive forex losses for businesses

The funny thing is that when they floated it some people were hailing them because of nonsense politics without criticizing appropriately where necessary.

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Wainey:
just type "Nigeria import export" on Google, it will show.
This site doesn't allow me post pics I don't know why.
Our problem is not about export and import alone cos we really export more, Nigeria problem get as e be

Nigeria problem is too many, greed, nonsense POLITICS, tribalism and wickedness.