Good! Your office should be at the border not streets. Give Naira to incoming travellers and receive their foreign currencies in exchange. If you want to sell the received foreign currencies, the margin should be minimal infarct shouldn't be more than N50; not the current N300.

Good one! Seize all the export-bound essentials and auction to to Nigerian.

Cement, spaghetti, Garri, yam, flour, beans, maize, guinea corn, etc, should be seized and auctioned.

VeeVeeMyLuv:
What about the fundamentals?

One after the other! Technicals and fundamentals will be tackled.

A lot is going on in the financial sector for the good of the country.

Keep up the good work guys! Nigeria is being re-engineered for prosperity.

He's right because governors use their allocations to buy Dollars.

Insider information you can use.

Thank God! We now have a government who strives to find solutions to challenges.

EFCC, continue the good work.

Hh

Ruke1989:
The easiest way is to do it USA style. Make it a crime punishable by paying $2billion fine for any exchange to trade in naira NGN either through P2P or otherwise. Or impose a 70% tax on every NGN withdrawal. You will sue binance international to court for non compliance with the 70% tax. Automatically, binance and other exchanges themselves will ban NGN fiat deposit and withdrawal to avoid paying $2 billion fine. The end users themselves will stop trading when they are forced by binance to pay such tax because it will make arbitration unprofitable

Good one! FG is reading and steps would be taken to that effect.

We are winning this war against economic saboteurs!

If there's a way to do that, let it be done immediately; no room for saboteurs to breathe.

YourKarma:





zero sense, una no get. When Tinubu was sharing $25k per delegate, and sharing dollars to buy people's votes during the election you didn't know it'll cause these issues and now you and your useless president are looking for who to blame for the problems you caused. Same useless politicians are the ones storing up all the available dollars while half-brained cretins like y'all cheer them on.
If you had even an iota of sense, you would know that this stupid move by your government will further push up the value of the dollars due to more scarcity of dollars that'll result from this.

Like president, like followers; zero sense

Your papa and Mama no get sense.

Crashing now
Pic 1. USDTNGN
Pic 2 USDNGN

Unification being achieved.

No try government o

RodgersAkpafu:

The solution is staring at the govt in the face

Stop fiscal recklessness and hike rates well.

As long as excess liquidity is in the system; the naira will continue to die

You guys don't read news or what? The government is aiming for a single exchange rates; government doesn't want parallel market again, simple.

Ban anything bannable and achieve exchange rate unification.

No more dual exchange rates!

StOla:
Good!

A country that does not know economic security will learn the hard way like Nigeria is doing now.

Nigeria needs to reach out and learn from countries that have mastered the art of economic control and economic security.

In Nigeria anything goes.

Some even think it is their fundamental right to save up dollars inside Nigeria.

Left to me anyone who is not getting foreign remittances into their domiciliary account, should have any dollars they have stacked up till now, converted at a rate of $1 = N1.

If you have stacked up $20,000 within Nigeria, my government will convert it to N20,000 for you.

It is obvious you have more than enough to be contributing to the economic terrorism that is going on within the country, so we will help you with a conversion tax that will make you love your own Naira.

Na now the government begin wake up that you do not show mercy to wicked Nigerians.

Thank you my fellow good citizen!

Way to go! Action President.

EreluRoz:
But why is it that it's dominated by men with questionable characters? I've never seen any self acclaimed crypto man that's not having dada, smoke or take drugs.
How many men of God are into crypto? Why is it only dada boys?

80% of them are yahooboys and kidnappers!

lanre316:


They actually can. Don't underestimate the power of the government. They could
- ban binance website and app from opening in Nigeria, like they did Twitter some years. Forget using VPN, Binance will ban you straight.
- They could request KYC details of Binance users and go after them via BVN. Remember Binance has office in Abuja and they are willing to cooperate with the government.
-They could track the phone numbers used to operate OTP on binance and go after them via BVN.

etc etc.

Just pray that the government doesn't go full force against Binance users in Nigeria. Don't forget how the US government dealt seriously with the CEO of Binance

Leave them! They're underestimating the government.

Una never see anything! Ibtell Una say Bazooka dey come Una way last week, Una say nothing go happen.

We can't have two exchange rates in Nigeria; the earlier you know this, the better.

It's an economic war and the government will win!

Many South Africans are going mad but they don't know yet!

South Africans and insanity are like 5 and 6! They aren't friendly to foreigners.

What are Nigerians looking for in that crime-ridden country?

The peg should stay permanent!

Kucoin next!

ElectronicMoney:


It is the trade in USDT that is driving up the exchange rate against the Naira and not basic economic fundamentals.

Once the rate on Binan.ce goes up the abokis will also quickly adjust their own rates upwards

Why are Aboki using USDTNGN as against USDNGN?

Picture 1 USDNGN

Picture 2. USDTNGN

Look at the gap.

EdiskyHarry:
It's really sad, up till now I can't get money from someone in Philippines

Why?

Nice concept!

YourKarma:

Nonsense. What do you know? You're just as deluded and ignorant as your useless leaders

I know more than your stooopid father!

Lifemanage:
Just like they blocked twitter, binance can also be blocked from speculative activities so that criminal speculative activities can stop. On binance, rate is now 1900....so the target for this week is 1$ to 2000..... This is no longer speculation but a war to destroy the country and Tinubu and his team are not prepared for this.

We are really at war (economic)! We must fight this war and win against the saboteurs.

Instead of using USD for exchange, they use USDT with a gap of N300.

Government should know that it's a serious matter and tough measures are needed; not only against the currency manipulator also against food exporters taking advantage of weak Naira and starve locals of supplies.

Don't plan, just do the needful immediately! Block Binance, Kucoin, and other crypto exchanges now. The manipulation is too much.

All those farmers exporting essential goods to neighbouring countries should be given the same treatment;

Dangote and co are creating artificial scarcity in Nigeria by exporting to Niger; farmers too are doing the same just to maximise profit at the expense of Nigerians.

Government needs to be very tough on unpatriotic manufacturers like Dangote and Bua; as well as farmers of grains.

Anybody holding dollar should be sent to life imprisonment; an economic saboteur is a murderer.

Good job by EFCC! Lazy BDC operators should find something else to do; go to Airport and give Naira to incoming travellers in exchange for their currencies.

Seize their Dollars and send them to jail.

If you want to spend dollar, go to America and do that.

Thieves! They're exporting to neighboring countries; nothing like demand overwhelming them. They make more money exporting than selling locally.

They should be stopped from exporting now!