dealslip:

That's the work of the external reserves, to cushion impacts on the local currency. Nigerians are the enemies of Nigeria. Hoarding dollars for gain not minding the impact on the economy. It should be cushioned up to the point that the heavy need for forex in the importation of fossil fuels subsides.

lexy2014:


that is not what I asked you.

are you aware that Cardoso is defending the naira against the dollar and regulating the price of the dollar just as Emefiele did but publicly claiming that the dollar is being floated?

simple yes or no

I have answered u, he's using multiplicity of approach unlike straight jacket- political emefiele!

Emefiele was working with a dullard, cardoso has a better boss

PlasmaTV:
I'm seeing many comments up there,and I am disappointed that rational and thinking adults are dissing LP supporters. Assuming you lot were thinking,you'd know that APC met dollar to naira at less than N250/$1.

helinues:
Heads must definitely roll

Islie:


https://punchng.com/rising-naira-value-presidency-backs-cardoso-vows-further-clampdown-on-racketeers/?amp

Nbotee:
First things first, they have abandoned the naira floatation and reverted to using dollar from the foreign reserves to subsidise dollar rates to BDCs.

Artscollection:
We told them floating naira with the current indices cannot work, they still went back to defending the naira.
All i have to say is that these Lagos boys should understand that nigeria economy is not a private Enterprise where you wake up and take a decision based on your emotion. Due consultation with stake holders and experienced people in that niche is very important. We don't need unnecessary propaganda just get to work!!!

Vulcan24:
I have answered u, he's using multiplicity of approach unlike straight jacket- political emefiele!

Emefiele was working with a dullard, cardoso has a better boss

Vulcan24:


Am aware there are multi-approach employed to tackle the issue! Which is good.

What you are aware of is not the only strategy been used, Tinubu is working and attacking the economy and the enemies of economy at all sides. Same with Petrol, diesel, foodstuff and transportation.

Islie:


https://punchng.com/rising-naira-value-presidency-backs-cardoso-vows-further-clampdown-on-racketeers/?amp

lexy2014:
which work and attack is tinubu working and attacking the economy?

does the economy need attack or does it need management?

who are the "enemies of the economy"?

what happened to "Petrol, diesel, foodstuff and transportation"?

Vulcan24:


If you don't know I can't help u

PHAYOL81:
May GOD bless Nigeria

Skyehigher1:
What I know pretty sure is that before tinubu one year in office naira to dollars is going to be 650 naira to a dollar 💵💰 inshallah and by the end of this year naira to a dollar is going to be more than 250 naira or 300 to a dollar 💵💰 by December inshallah if not less than that price self because next year budget is going to be pending on 250 naira to a dollar by the grace of God or even 200 or 300 naira to a dollar

Vulcan24:

Emefiele was working with a dullard, cardoso has a better boss

lexy2014:


if Emefiele was working with a dullard, why then did Tinubu tell Nigerians that the "dullard" was Nigeria's only solution?

how come Tinubu campaigned for and supported this "dullard" for 8 good years?

Vulcan24:


I think u are too young to understand politics!

Are u gen Z cos these questions are kids questions

lexy2014:


that is not what I asked you.

are you aware that Cardoso is defending the naira against the dollar and regulating the price of the dollar just as Emefiele did but publicly claiming that the dollar is being floated?

simple yes or no

PressMyButton:

If you checked this one very well, he could be in one 2by2 shop selling beans but comes online to utter truckloads of ignorant comments over a subject that's beyond his mental reasoning.

Richtaiwo:
Chai, Tinubu about to finish foreign reserve to defend the Naira according to ipob miscreants. Na their way. Whenever they wish for something bad to happen to Nigeria and it goes the other way, they cook up some fairy tales and try pushing down your throats. They so much believe in their lies. They wished buhari dead, it didn't happen, they later said na jubrin from sudden. They wish Naira fall to N3000 to a dollar, it failed, they said it was being defended by foreign reserve.

PlasmaTV:
I'm seeing many comments up there,and I am disappointed that rational and thinking adults are dissing LP supporters. Assuming you lot were thinking,you'd know that APC met dollar to naira at less than N250/$1. Buhari left it at around N700/$1,which is gross failure.

Tinubu came on board,and in less than a year, dollar ramped up to N1,800/$1.

They're working hard,admittedly, to bring it down and some unscrupulous elements are angry that we are not jumping around cos the naira is rising.

Well,consider me unimpressed until the dollar gets to N200/$1. Until then, all these shenanigans are still a pointer to party failure.

spiSeyi:

That was the same thing PMB did that led us here, external reserve shouldn't be used to subsidized FX. what happened to pegging the Naira and foreign reserve to diversify the economy. The purpose of foreign reserve is to booster the economy not subsidizing the currency

spiSeyi:
The Naira is gaining momentum against the USD while Nigeria's foreign reserve is draining, we understand the game PBAT & his team are about crashing the economy because it's evident that the Naira is being heavily subsidized. The USD might bounce back to 2k + if the artificial growth of Naira is not stoped. CBN is clueless if not the Naira should have been pegged at 1K for now while the FG work effectively to bring back our refineries and fully diversify our economy

lexy2014:


that is not what I asked you.

are you aware that Cardoso is defending the naira against the dollar and regulating the price of the dollar just as Emefiele did but publicly claiming that the dollar is being floated?

simple yes or no

it doesn't matter what he is doing,the most important thing is that is working,uk is not anywhere near to china in production and exportation but their pounds is very strong.