Stupidity is when you already knew but decided to play tribalistic, so the high inflation in Nigeria today, is been supported by the igbos, sometimes i don't even know how some clowns like you finds a way to the media to talk rubbish. Anyway i blame internet and nairaland for given you such an opportunity to show your cowardness

Sannisege:
Igbos and Arise Tv will not like this news oo. Enemies of progress.

Benwallt:
Where are the children of hate?

They are busy singing their new Afrobeat song "CBN is defending naira with foreign reserve" and their lastest R&B title "Why is Akpu price not coming down since naira is appreciating" Another consolation tune just released by their Prophetess of doom Aisha is titled *Keep Your Dollars in Your Blokos" and it's becoming a hit song among the Dumbos since April 16.
Those are their new songs until they will be put to shame again

ojun50:
But why food stuff prices no dey come down

Customs duty remind the same don’t blame the market women .

ojun50:
But why food stuff prices no dey come down

Ask the greedy traders. Diesel price has come down which means that the cost of haulage has to come down.

They were quick to increase prices when the rates were high. If government carries out price control they will say that government is anti-private enterprise.

ZombieTAMER:


No one can run a successful government by propaganda..

Not even APc

Ask Buhari

What is propaganda? Convergence of the official and parallel market rates? Never seen for years in this country. Parallel market rates higher than official rate? No more arbitrage and roundtripping?

My friend salute brilliance so that even if you are not your children can be.

Great100000:


https://dailypost.ng/2024/04/17/naira-gains-n75-against-dollar-in-single-day/

75 naira for the godforsaken, cursed zombies of nairaland

People like hell's anus...people who brought their evil character with all it's associated curses directly down, from Hell

Not entirely private, Federal government has 20% share of the company.

Kobojunkie:
An entire Nation placing its bet on a single private corporation.

Not until Naira gets appreciated and stabilized for a period ot 3-6months..

ojun50:
But why food stuff prices no dey come down

OALandAgents:
Not entirely private, Federal government has 20% share of the company.

please tell me this is a bloody joke abeg? Or at least try to imagine the reaction of say the American people of the U.S Government decided to throw away $2 billion dollars all for the sake of a chance it had in one company it had 20% shares in.

War go break out between the particular government and the people themselves at that point.

Audio gains

Switruth:
Person ask question and u dey curse your full family say dem daft. What’s wrong with your brain? U dey really dey mad for head.

that dude is not alright. Simple question, he begin curse person. No be sign of depression/frustration be that? Some people shaaa!!!

mobisonkk2:
You are a daft imp. Who is responsible for bringing down prices of good and services? The government of greedy people as yourself? Well, last month I bought I ton of TMT reinforcement bars @ 1.4m per ton and today I bought for 900k per ton and it's going down.

You can keep crying.

haba guy! But he didn't insult you or anybody na. He only asked a simple question! Why insult him? Take it easy abeg.

ojun50:

When you are done 😭😂 let me know

You go explain tire

bros no vex jare. Forget that guy. Some people can be soo annoying. Can u just imagine?

GRACEGLORY:



They deliberately hiked prices, and now, they don’t want to reverse it.
🥹

sensible response from a sensible person unlike the other guy that took to insult on top ordinary question. People and their nasty behaviors sef.

it's getting boring now, when will naira get to 500?

mobisonkk2:
Oya, emergency lovers of Nigeria come oo e don happen again.

They will come and remind you how Nigeria is defending naira, like Nigeria should be defending dirharm.

Don't mind those unpatriotic fools!

tollyboy5:

Your comment are meant for ipob who became emergency lovers of Nigeria when Peter obi was contesting.
You guys are back to default

You must be brain-dead then. IPOB led by PM Simon Ekpa banned your FRAUDULENT selection in Biafra, land, so where the 4uck did get the idea that IPOB supported your fraud?

https://www.youtube.com/watch?v=_o9VLLEp_ds

Wow

UnabashedIPOB:


You must be brain-dead then. IPOB led by PM Simon Ekpa banned

I don't think you understand English.
I mean you and your fellow ipob should stop commenting on Nigeria news is that too hard for you to adhere ?

McCoy662:
Nice! Nigeria is way richer than Ghana and other African countries; an exchange rate of less than #50 to a $ is possible.

Yes

Why is Peter Obi not commenting when the NAIRA is appreciating now

I recollect he was scolding the Government before Christmas when NAIRA was falling.

Should the focus not be on the cost of goods and services that are locally sourced that have remained high regardless

blancsn1:
Instaed of asking this your should be asking your father why you were born without any intelligence.

Wetin concern food stuff with dollar palava.

What did you just say?
Dollar exchange rate has nothing to do with food? And you think yourself intelligent?

Paraman:
Shame on obidients. look at one of them comment below yesterday when the naira loss against the dollar

Did you know that Dangote is now exporting oil?, did you know that we are among the highest exporter of yam in Africa now ? That aside, Proceedings from crude oil is now paid to CBN directly instead of NNPCL, Imagine the $20 billions Dollars Sanusi Lamido raised alarm for that wasn't remitted into CBN's account, Not anymore. Did you know that NNPC has not remitted into CBN but instead ask for more fund for debt servicing and refinery over all maintenance? (Not anymore)
People accept dollar for transaction here in Nigeria e.g school fee which added to the pressure on dollar (Not anymore) you can now pay in Naira while lifting crude oil ,naira now has an added value globally as oil is a global commodity. This is BRICS without making noise) I can go on and on , those are part of the reforms that are germinating the seeds of Naira upward progression. If CBN is defending the dollar, the parallel market rate will be higher than that of the official rate i.e CBN as to measure up the gap (variance) between both parties but since the reserve is the case, the CBN is on the track and has nothing to defend but regulate . Power has now returned to CBN and not black market speculators.
Let's remember that Tinubu a grounded accountant and Shetima is also a credible banker, Wale Edun, Cardoso and President Bola Ahmed Tinubu did it in Lagos, its nothing new doing it again on a larger scale.
May we all witness the New Nigeria of our dreams fill of joy and bounty.

ojun50:

When you are done 😭😂 let me know

You go explain tire

Let him use this voodoonomics to construct a house and see if he can turn a profit

Weird thinking everywhere

Look civil engineers for buildings quote in
naira and in dollars due to varying prices of goods and the length of construction period (3 months upwards)

I'd really want him to explain how any project can be finished and the engineer earn a profit in these circumstances.

mobisonkk2:
You are a daft imp. Who is responsible for bringing down prices of good and services? The government of greedy people as yourself? Well, last month I bought I ton of TMT reinforcement bars @ 1.4m per ton and today I bought for 900k per ton and it's going down.

You can keep crying.

You're stupid,is that one food. Pele o,keep buying your reinforcement bars to eat then your body organs will shut down. Someone ask if foodstuffs prices has go down and You're throwing stones at him.

This is the Summary:

If naira is going to be N1,500, then let it be like that for at least 6 months. Do not let it be N1,500 today, N1,200 tomorrow, and so on. You can’t plan, and that’s why even as we speak today, we see that the naira is appreciating, it’s appreciating too fast. When you sit down and look at the analysis, people are concerned saying, "should I reduce my costing rate, to what the market is? But I’m scared, that if I reduce my costing rate, what is my replacement cost? Will it go back up?" That’s the reason why prices of things have not come down. Yes, the naira is appreciating, but people are not in a place of comfort to say, "Yes, it is sustainable". The only answer to that is Time. We have to wait it out for a few weeks or months. Is this sustainable over a long period? if it is, then you’ll see prices of goods and commodities coming down.

Paraman:
Shame on obidients. look at one of them comment below yesterday when the naira loss against the dollar

So anybody that comment negatively is an obidient? U guys are funny sometimes.

ojun50:
But why food stuff prices no dey come down

prices of rice already dropped to around 50k depending on location.... currently 57k in ib.... Prices will drop eventually if the Naira gain can be maintained

Kobojunkie:
An entire Nation placing its bet on a single private corporation.

Like brooo
If you think Nigerians are foolish, it's actually worse.

mobisonkk2:
You are a daft imp. Who is responsible for bringing down prices of good and services? The government of greedy people as yourself? Well, last month I bought I ton of TMT reinforcement bars @ 1.4m per ton and today I bought for 900k per ton and it's going down.

You can keep crying.

Was calling him that necessary because he asked a quite pertinent and innocent question, you're the the peabrained lunatic here. You obnoxious airhead.

PotatoSalad:

Like brooo
If you think Nigerians are foolish, it's actually worse.

Imagine this man now set to become a Trillionaire soon all at the expense of Nigerians. Na wa oo..