Mikuni:
Good news. As a forex trader, we know that when a country increases its interest rate, the corresponding currency appreciates on the long term.

Nigeria has not just increased her interest rate, but also our main stay - petroleum is now more valuable. That's a big plus for the currency.

World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate
April 23, 2023

Tinubu, during his campaign, said he would harmonize the fiscal and monetary policy to achieve immediate stabilisation of the value of the naira against the US dollar.

The President-elect said he would work with the Central Bank of Nigeria (CBN) to bring down the exchange rate to N200 in his first term.

“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years,” Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/

UHLmoving:


Nigeria's crude oil should be sold for Naira. Any country that wants our oil should buy it in Naira, and then zero importation of petroleum products - the government should enable refineries to refine the fuels we need.

that is one of the potent ways to increase the value of the Naira.

But guess what, Neither Tinubu nor his predecessors have the guts to demand Naira from US buyers. They are scared that foreign buyers might dish our oil.

Ejyksneh:
From time immemorial, anything that associates with sadwest ewedu munchers depreciates to oblivion, especially if the ewedu muncher is a head slammers.

With this understanding, I used and dumped one lady who is yaríba ewedu muncher, she loved me with her life but I ha.ted everything about her including her foot marks on the floor......I climbed and nuts inside her smelly cunt every night I'm less busy, she has the trade mark of sadwest ladies, which is black smelly yansh......she cried to pulp the day i dumped her....she is a bad luck safe for her bedmatic quality, she is evil.

I advise well meaning Nigerians to avoid ewedu munchers for their own good

Ejyksneh:
From time immemorial, anything that associates with sadwest ewedu munchers depreciates to oblivion, especially if the ewedu muncher is a head slammers.

With this understanding, I used and dumped one lady who is yaríba ewedu muncher, she loved me with her life but I ha.ted everything about her including her foot marks on the floor......I climbed and nuts inside her smelly cunt every night I'm less busy, she has the trade mark of sadwest ladies, which is black smelly yansh......she cried to pulp the day i dumped her....she is a bad luck safe for her bedmatic quality, she is evil.

I advise well meaning Nigerians to avoid ewedu munchers for their own good

Mikuni:
Good news. As a forex trader, we know that when a country increases its interest rate, the corresponding currency appreciates on the long term.

Nigeria has not just increased her interest rate, but also our main stay - petroleum is now more valuable. That's a big plus for the currency.

ijustdey:

Crude oil prices, on Monday, increased to a five-month high.

Brent crude increased by 0.56 percent to $87.54 a barrel while US West Texas Intermediate (WTI) crude rose 0.79 percent, to $83.83 percent, at 20.00 WAT.

Consequently, the development puts both crude benchmarks on track for their highest closes since October 27, 2023.

This is above the $77.96 per barrel the federal government benchmarked as oil price in the 2024 budget.

It is also higher than the $65 per barrel used by the Nigerian National Petroleum Company (NNPC) Limited to calculate the allocated (90,000 barrels) crude in the $3.3 billion crude-for-cash loan agreement with African Export-Import Bank (Afreximbank).

NNPC, in a statement on January 21, had said if “oil prices rise, more money will come in from selling the 90,000 barrels, allowing for faster repayment. However, if oil prices fall, the repayment may be slower”.

“The quantity of crude earmarked (90,000 barrels) is sized to ensure enough cash is available for the repayment of the facility when it is due,” NNPC said.

“This also ensures that NNPC Limited can meet other cash flow obligations, considering the expected future price of crude oil globally.”

NNPC said oil prices are highly unpredictable, meaning prices can fluctuate within any given period.

Meanwhile, the Organisation of Petroleum Exporting Countries (OPEC), on March 13, said Nigeria’s average daily crude oil production dropped to 1.32 million barrels per day (bpd) in February.

However, OPEC’s secondary sources put Nigeria’s crude production at 1.476 million bpd — a 3.29 percent uptick from the 1.429 million bpd reported by the oil cartel in January this year.

https://www.thecable.ng/crude-oil-price-rises-to-87-per-barrel-highest-since-october-2023/amp?/crude-oil-price-rises-to-87-per-barrel-highest-since-october-2023

tubolancer:
Eleyi ti ni problem. This one don get problem. Curse be the Yoruba girl wey dey open her legs for you.

anonimi:


Are you talking about the Afreximbank loan to stabilise our exchange rate

INTEGRITYA1:
Good, that will help us to make more money.
Make Government try to channel our resources rightly for the betterment of all and sundry.

God Bless Nigeria.
God Bless me.

wink2015:
NIGERIA GO AND FACE AGRICULTURE

Crude oil money does not reflect true wealth of Nigeria as it is only the south south region that all the states focus their attention on for resources.

CodeTemplar:
We have idea where oga Bola and Yemi are getting the dollars they are posing with in forex market.