A piiiigg is behind that report for sure

All I know is that there is a convergence of the official and black market rates.

Also, the dollars is not being subsidised to the extent that the import duty is now a function of the current exchange rate.

Splashme:



Yes, CBN is back defending the Naira by selling fx to BDCs at subsidised rates.
.

Again I ask, if CBN is back to selling subsidised dollar like Emefiele era, how come we don't have a N300+ disparity between the official and parallel market today like we had then?

Piiiiggs

Oya come and grunt as usual

Fuel subsidy is gone!

This is the kind of nonsense piiiiggs like to hear to ameliorate their pains

Pathetic sore losers!!

jmoore:
'subsidy is gone' by Tinubu was a scam.

It is a double tragedy of Tinubulation.

Tinubu increased the price of petrol from 165 naira to 650 naira, this is no 1 driving force of inflation. And he's paying more subsidy than ever before through the back door.

And you believe bitter El Rufai

Emmabyte:
But the price is still same, this government invest more money in propaganda than infrastructure

But dollar is being saved for other purposes

Splashme:


Oga, Naira is no longer allowed to float.

It's now regulated, defended and heavily subsidised the way Emefiele was doing.
.

Then why was there a terrible, destructive N300+ gap between the official market and parallel market during Emefiele's era

christejames:



I'm still confused 😕, I thought in distillation of crude oil 🛢, premium motor spirit (fuel) is the first to come out ahead of diesel?




Abi the news that we've been hearing since last week that some barges from Dangote Refinery are moving large fuel barges out of Nigeria 🇳🇬 is true?




We keep watching them!

Nope.

Diesel is first followed by Kerosene followed by PMS and then gas.

Let me see what piigggs will grunt this time around

crestedaguiyi:
English is the problem.

Emefiele was subsidizing while cardoso is intervening .

What have we started producing that we were not producing.

They have about 30 cargos awaiting for buyers yet the naira is rising , non oil export has not risen significantly. I really would like to know what the commercial banker is doing differently from his predecessors

Either there is something going on or something was going on but has stopped

Is there a NGN300+ gap between the official market and the black market

Has the rate ever been lesser at the black market than the official market

Ofunaofu:


Good

But why vilify Emefiele for this same interventions

Is there a NGN300+ gap between the official market and the black market today

Has the rate ever been lesser at the black market than the official market

There lies the answer to your question

Trust piiigggs to come up with stupid conspiracy theories

shepherd316:
Apc wants us to celebrate them for the economic disaster they made worse within a year, i still believe in miracle - i believe we won't have to wait till 2027 to kick them out of power. They should preach nonsense to the illiterates who don't understand economics; a country ruled by gangsters, nepotists, drug lords and thieves cannot amount to anything good

Shut up!

Nothing to happen to our democracy.

Tinubu till 2031. Deal with it.

Piiiggs are still grunting rubbish

Is the dollar being subsidized today No!

Is there a NGN300+ gap between the official and parallel market No!!

Bunch of pathetic sore losers!!!

Rivers elders are backing Fubara to cut Wike to size.
Tinubu won't intervene.
He has rewarded Wike enough.

Nonsense!
LGBTQ people should remain in their closet.

Piigggs are grunting rubbish instead of them to be celebrating.

Bunch of pathetic sore losers!

Is the dollar being subsidized No!

Is there a N300+ gap between the official and parallel market? No!

I just knew some pained speculators cum piiiggs sponsored the mischievous publication of CBN depleting its foreign reserves to defend the Naira some days back

Nonsense!

Northern masses voted Tinubu!!

Sannisege:
These Igbo people no wan accept Tinubu as their master. How can one Yoruba man dribble a whole Igbo tribe. All Tinubu wanted was for the igbos not to vote for PDP and the morons fell for his strategy. Now this OP is crying that Jagaban get brain pass his whole Igbo tribe. OP you go wail till you kpai

Hahahahahahaha

They've been grunting since 2015.

They have a long way to go.

And it will NEVER end

Piiiggs are still in serious pains
They will grunt to death

Piiiggs must grunt to death

LegendHero:


So what tribe are they?

Edo tribe

Good news

Piiiggs can grunt to death

Nice one!
Dollar MUST be rendered completely useless within Nigeria

There are some Yorubas from Edo state.
However, Akoko Edo people are NOT Yorubas.
@LegendHero, goodlady

Piiigggs are in serious pains
Continue sponsoring fake CBN reports of foreign reserve depletion.
Tinubu is the last person that will subsidize dollar

Great!

free2ryhme:


Sin is sin no be you go decide the level.

You are an apostate

free2ryhme:


continue in your sin

Go ahead and fault the Bible nah since you are more Catholic than the Pope