sunboy:


While I agree with many things that you wrote, I disagree that you picked Iran as a case study. Next time stick to Argentina, Venezuela, Lebanon and Zimbabwe. Those countries are not under any sanctions but Iran is doing very good at managing things in the face of harsh sanctions for decades.


Iran and Cuba will be prosperous if the sanctions on them are not there. Iran can’t even sell its produce open like Nigeria or Venezuela could.

WantsandMore:
You want floated naira back to the same rate it was being subsidized? Well it's possible

DMerciful:

https://nairametrics.com/2024/04/02/naira-defence-to-cost-cbn-n1-01-trillion-in-interest-rates-from-q1-ntb-auctions/

LegendHero:


You see why I say “Obi supporters” don’t have critical reasoning? Let me educate you.

—Treasury bills counts towards Nigeria foreign reserves.
—The same guy “Sam Tunji” that wrote this nonsense blog post retracted his steps and did another report the next day where he stated that Nigeria spent treasury bills to repay back ways and means.

https://nairametrics.com/2024/04/09/fg-spends-n4-83-trillion-from-bonds-treasury-bills-to-settle-borrowing-from-cbn/

—The report he initially gave from your link is the same sensational news the guy wrote. It’s fake news.

—They dip hand into the treasury bills and that affected our foreign reserve. There is different from naira defense.

DMerciful:
The first news is the correct one before threat and brown envelopes

DMerciful:
The first news is the correct one before threat and brown envelopes

richie240:
Good news!
God bless Nigeria and Nigerians!


You better change the dollazz u are hugging like a teddy bear to naira now to avoid stories that touch.
Nor say I nor warn you o.

LegendHero:
Kudos to Yemi Cardoso.

According to Bloomberg, Naira is the best performing currency in the world for the month of April.

Cardoso should fire on until it comes to a record low. Wale Edun should step up his game on the fiscal side too to competent the monetary side.


To the saboteurs who are shouting “Keep your dollar close”, you will suffer for 1000 years when that dollar in your hand become worthless because the value has decrease 100% of what you got it.

predictor1:
Threats? Most of you people are just silly.

DMerciful:
I know you're still young so i forgive your ignorance of how things work

DMerciful:

https://nairametrics.com/2024/04/02/naira-defence-to-cost-cbn-n1-01-trillion-in-interest-rates-from-q1-ntb-auctions/

Lizzysamuel:



216-28 that's 188 difference.

1200-216 that's how much Agbadorian?
I don't even want to mention the 1950 ATH you guys took it too.

Ofunaofu:


N216 to a dollar where the APC met it as at 2015

LegendHero:


PDP met it at N28 in 1999. Why did they left it at N216?

LegendHero:


PDP met it at N28 in 1999. Why did they left it at N216?

LegendHero:


PDP met it at N28 in 1999. Why did they left it at N216?

DIVINEEVIDENCE:


I share this photo for free.

I'm just a mention away, just in case.

blamingthedevil:

*Goldman Sees Nigerian Naira Extending World-Beating Rally
*Naira is globe’s best performing currency this month
*Rebound follows steep decline caused by two devaluations

Nigeria’s naira could extend gains that have already made it the best-performing currency in the world this month, said a Goldman Sachs Group Inc. economist — provided policymakers stay on track.

The naira has rallied 12% against the dollar in April, adding to its 14% surge in March. Capital inflows and interest rate increases are helping it to retrace steep losses caused by two devaluations since June after the government loosened currency controls.

https://www.bloomberg.com/news/articles/2024-04-12/usd-ngn-nigerian-naira-could-extend-rally-to-below-1000-dollar-goldman-sachs?cmpid=socialflow-twitter-business&utm_medium=social&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter

Lizzysamuel:


It seems you're in the land of dead when it reached 1900. That's 8x

Born liar.

LegendHero:
Kudos to Yemi Cardoso.

According to Bloomberg, Naira is the best performing currency in the world for the month of April.

Cardoso should fire on until it comes to a record low. Wale Edun should step up his game on the fiscal side too to complement the monetary side.

To the saboteurs who are shouting “Keep your dollar close”, you will suffer for 1000 years when that dollar in your hand become worthless because the value has decrease 100% of what you got it.