SoNature:
APC is the master of widespread propaganda in Nigeria. No party comes close.

You people want to cause panic sales, but ain't selling my USD, bro.

I have more faith in the US economy than the Nigerian economy. BTW, I am waiting for my mallam to tell me that USD is now #900.

You liar,you haven't got two dollars to rub together

rinzaugustine:
do that all the time but I am trying to be a little bit greedy this time lol

Sell your house or your father's house and your car and buy dollars. You might be lucky and it reaches 3000 naira to one dollar within a few months. You'll be smiling, nothing ventured nothing gained. You can also borrow from the bank and use your properties as collateral.

MONEY247:

Who undervalued the Naira.....the same people defending it aahhh...
This government is not ready to take responsibility for growth....

What gives your currency value?
Is it not it's purchasing power....?

When you need a trailer load of Naira to buy a pack of bread how do you call that undervalued....

We do international trade, and we need to produce to get the foreign currency...or borrow to augment....

Produce, produce, whichever way you can do it...
Wether it's with diesel, and export to foreigners, the people exporting to us don't have two heads.

Let's start production, we have comparative advantage already... massive arable land....

How can we be importing wheat..... with all this land....
We have citizens in diaspora, they would still need Local food stuff, but even our export is not meeting Thier demand....

Produce and export
... nothing more...

You cannot be a producing nation overnight. The people exporting to us have a functioning power grid ,more patriotic and more intelligent citizens and less thievery.Producing with diesel makes your products uncompetitive .
You cannot run before you can walk.

rinzaugustine:
What kind of economic policy is selling the dollars you have to bolster exchange rate ? Why would a sane mind believe this will work long term and be dissuaded from hoarding the dollar? Once they stop all these FX selling, the next fall of the dollar will be around the 3 thousand naira mark …bunch of useless quacks

Put your money where your mouth is .Buy dollars now. You should be able to sell at 3000 naira to dollar within two weeks.

quadraheem:
Now that the dollar is drastically crashing and our naira is appreciating tremendously, how soon do we expect the prices of goods and services to come down?

Lol, which country are you talking about. Nigerian followers are worse than Nigerian leaders

MONEY247:
This is why the Naira is gaining



The CBN is selling at N1,251 so no trader locks in large transactions above N1,251



In essence, the Naira has floated but the CBN is intervening to strengthen the Naira by selling its FX reserves to BDCs are a price below the willing buyer/ willing seller price



Implementations? The Naira will gain value but FX reserves are paying for it



This is a band aid, the CBN is attempting to fix a problem it can’t fix without a high war chest of FX reserves



The long-term fix is to export..



The CBN is subsidizing $ flow to the BDCs



Who are these BDCs? Who owns them? What is their contribution to GDP or job creation?



I would prefer the CBN subsidize exporters



If you export and remit back to CBN you buy your dollars at $1:N1251

The surest way is massive production especially in areas with comparative advantage..
And cutting down on exchange rate manipulation...

I'm now getting annoyed with trainee economists like you blabbing on about export. Just how do you export when you produce with diesel unless you are exporting high end goods with a fat profit margin.
The naira is currently severely undervalued and the government is trying to help it find it's real value while the saboteurs who are plenty are trying to scuttle things.
Tinubu and the Cbn can only work with what they've got. I don't even know why Tinubu cares because nigerians are very bad people anyway.
When he removed subsidy, they complained, when he put in subsidy again to mitigate after naira lost value,they complained again that he has not removed subsidy.

DaniellaDokubo:
Government is selling off its FX reserves. This is not a sustainable solution. Way to go. EXPORT goods and service!

Export goods and services with diesel abi.

Helinus:


So Naira will continue to rise until 1 naira equals 1 dollar? Dollar will not rise again because we are the major exporters only behind china.

How dumb can naira landers be

Fortunately you are the dumb one and you have made me lose respect for Nigerian intelligence. I lived abroad for decades and know that one dollar or a pound would not even get you a portion of chips in the US and the UK but 1500 naira would get you a complete meal in Nigeria meaning that the naira is severely undervalued
I don't have time nor the willingness to explain the significance of that to you but the long and short of it is that such anomalies would cause severe economic problems especially for a country without power infrastructure to manufacture and export to take advantage of it's weak currency.
You are actually encouraging nigerians to hoard dollars to the detriment of their economy while encouraging America to print paper money.
You are dumb beyond belief.Naira will find it's true value soon and you will lose.
I never knew knew nigerians are this stupid. No wonder.

Helinus:


Don't dump it, dollar will rise unexpectedly.

Subsidizing dollar is a gimmick, its a temporal solution.

Lol, you are pitting your wits against Tinubu,you will lose and your loss will be great. I hope you are handicapped financially for life when it happens because you are an enemy of Nigerian children. Your loss is not a matter of if but when.

phemmie06:
You used kidnapping of School children to sent Jonathan out of office, some said it was planned or staged but now you are faced with the reality.
Even the kidnapping in this APC era is something else.
Northern leaders you know what to do

Jonathan was a bad leader though. He should tie with Buhari as Nigerias worst leaders

CountinBlessins:


Why are you going around the forum harassing other members?
You are not contributing to the topic just harassing members? This violates rule 2

Seun mynd44 obinoscopy nlfpmod Dominique mukina2 fergie001

Stop being childish and face the issue at hand. Are you a class monitor in primary school or what.

surgical:
Jonathan was already doing 7000 before he left

Lol. Lying prat

kunle4toyeyaho:
Your candidate does not have any mandate. He was beaten silly by Tinubu to a distant third. Let this sink into your empty head

They are very daft people. I believe their parents should demand a refund from their teachers

ElSudani:
Each case should stand on its merit. There's a real danger that someone's reputation can be destroyed through the social media.
But in the case of fake miracles, the miracle man is free to convince the court that he can indeed perform miracles.

Well said.

gidgiddy:


They kill him or not, it won't change the fact that what Kanu saud is right, that Nigeria is a hopeless case that should be done away with

The grass always look greener on the other side until you get there and realize that you were better off before.Kanu is bereft of wisdom and is paying the price

Samesame247:


You are right bro, phones are unreasonably expensive now but spending 70-80K on a transmission phone is unwise

Keep deceiving yourself.We are in 2024 already. My itel phone costs more than that and I'm finding it to be a good investment

savenaijatoday:

You see. Hypertension drug don cost? How did you even know. I pray you don't kpai for being unable to purchase it? How much did you buy it last?

Tinubu matter will give you hypertension unless you desist from all these laughable half truths you are posting. Think critically for once. Tinubu is the father and architect of modern Nigeria. His haters should go to FMC for treatment

savenaijatoday:
Propaganda doesn't build the economy. Stop lying to the old man who is aloof rom the reality. How can reasonable person say Nigeria's economy is growing or appreciating when I actual sense it's dying quickly? It's obvious Tinubu does read newspapers but listen to gangs of pathological liars who smooch around him for money.
Is a economy a spiritual affair you can't see? You are dying of hunger and your earnings can't take you for a month and you're lying up and down that the economy is growing. What a miserable life? What are the prices of things and what are their prices now? What has changed?

Lol, hypertension drugs don cost o

icon91:


Yes, both are very good but on different class of their own, one is a mid size bass machine (Motion Boom at 1.5 kg weight), the other is a Boombox machine (Tribit Stormbox Blast at 5.7 kg weight)

Its like the difference between Lexus ES 350 & Lexus RX 350, both are outstanding for their class

After listening to a friend's own, i was moved to sell mine & upgrade to the boombox type Tribit Stormbox Blast for mainly outdoor jams

Thanks for the explanation. I will stick to the Anker then as I only use it on the balcony

successmatters:


Yes, that was when Igbo men were in control of the power sector. Check the records.

Igbo this Igbo that,why are you guys lacking so much confidence. You don't rate yourself, it's your peers that rate s you.
The British left a well organized functioning system but the yorubas,ibos and northerners spoiled it.

United04:
You want to decide for Igbos who to present as Nigerian President. I clap for you... Continue.

It would be great if Obi represent Ibo interest at the next election. It would make Asiwajus job easier.