Segedinho:

That is the reason I brought in d convo....u don rush go put answer for where dem no call you......apropos ...

Even me sef dey vex for the guy😁

monerozi5590:


This your question self. Even the subsidy removal sef without putting things in place is a wrong move.

Mone it's like the corn-fusion dey clear for your eye.

We asked for someone with character and competence. They said 'emi lokan'. The man must retrieve his hard earned money used to bribe elections before PEPT sacks him.

The reason why Remi is chewing gumming him is because she knows he can collapse or scatter yarn at anytime.

Personally, I expect he should jet out to France in few days time to recharge battery.

Segedinho:

That is the reason I brought in d convo....u don rush go put answer for where dem no call you......apropos ...

No vex 😁

Fuel subsidy gone
Naira devalued

What next?

Remove Electricity subsidy
Increase tax and vat
Remove Education subsidy
Remove Healthcare subsidy

All on top of 30k minimum wage where some people even get paid 15k in this country

Oh Forgot Nigeria is broke

* Reduce Minimum wage


Lmaooooooooooooooooooooo

Wetin dey occur 😂😂

As communication is hard for our FG.. Jesus take the wheel🤲

Spy360:

Mone it's like the corn-fusion dey clear for your eye.

We asked for someone with character and competence. They said 'emi lokan'. The man must retrieve his hard earned money used to bribe elections before PEPT sacks him.

The reason why Remi is chewing gumming him is because she knows he can collapse or scatter yarn at anytime.

Personally, I expect he should jet out to France in few days time to recharge battery.

Nope. He is still my president and the president of Nigeria but no one is above criticism. I believe he will do well.

Emifiele should understand that the CBN is a very autonomous agency. In the ideal sense of things, even the president doesn't have power over the CBN governor.

liveLongNprospa:
Wetin dey occur 😂😂

Better.

Subsidy has been removed from kerosene and diesel ever since,how far and how did it improve the economy?

LMAOOOOOOOOOOOOOOOOO

liveLongNprospa:
Wetin dey occur 😂😂

. I went through the thread and it was cruise all along. Most of them are asking CBN what did they do instead.

"No, CBN Did Not Devalue the Naira

The report that CBN has devalued the Naira is misleading or perhaps an honest reporting mistake by journalists who lack understanding of how CBN’s I&E Window operates. What they call devaluation is the exchange rates established in accordance with the prevailing market conditions.

The I&E FX Window, which stands for “Investors’ and Exporters’ Forex Window,” was adopted by the Central Bank of Nigeria in 2017. It’s a dedicated trading segment for investors, exporters, and end-users. It enables foreign exchange transactions to occur at exchange rates determined by prevailing market forces, which means these rates fluctuate persistently.

Operating as an electronic trading system, the I&E Window allows buyers and sellers to submit their bids and offers for different currencies. The rates at which trades are executed within the window are determined by the forces of supply and demand, reflecting the prevailing market conditions.

This trading window is open to investors, exporters, authorized dealers (commercial banks), portfolio investors, and other individuals or organizations engaged in foreign exchange transactions. It operates within a framework defined by the CBN, which sets guidelines and regulations to ensure fair and transparent trading practices.

Last year, the apex bank announced that they had attracted over US$50 billion in investments to Nigeria within three years as a result of this practice. Meffy even justified the place of the Window, explaining that CBN’s decisions were consistently guided by the prevailing economic fundamentals—and that’s what the Window does.

Whether the Window has truly improved our liquidity as claimed is left for experts to figure out, but the rates generated through the platform aren’t static. The N630/$ that our journalists reported as devaluation is actually the highest spot rate in a day, and lowest rate of the day in question was N410/$. It’s determined by the forces of demand and supply, and would keep on changing.

You can monitor the I&E rate via this website, fmdqgroup.com/exchange/, revealed in the CBN circular announcing the Window, and track the fluctuations of the exchange rate across hours every day. The closing rate for yesterday was ₦464.67." — Gimba Kakanda

Something is definitely wrong with these people for them not to rate us
https://www.nairaland.com/7710723/live-tracker-shows-nigerian-air

A001:
"No, CBN Did Not Devalue the Naira

The report that CBN has devalued the Naira is misleading or perhaps an honest reporting mistake by journalists who lack understanding of how CBN’s I&E Window operates. What they call devaluation is the exchange rates established in accordance with the prevailing market conditions.

The I&E FX Window, which stands for “Investors’ and Exporters’ Forex Window,” was adopted by the Central Bank of Nigeria in 2017. It’s a dedicated trading segment for investors, exporters, and end-users. It enables foreign exchange transactions to occur at exchange rates determined by prevailing market forces, which means these rates fluctuate persistently.

Operating as an electronic trading system, the I&E Window allows buyers and sellers to submit their bids and offers for different currencies. The rates at which trades are executed within the window are determined by the forces of supply and demand, reflecting the prevailing market conditions.

This trading window is open to investors, exporters, authorized dealers (commercial banks), portfolio investors, and other individuals or organizations engaged in foreign exchange transactions. It operates within a framework defined by the CBN, which sets guidelines and regulations to ensure fair and transparent trading practices.

Last year, the apex bank announced that they had attracted over US$50 billion in investments to Nigeria within three years as a result of this practice. Meffy even justified the place of the Window, explaining that CBN’s decisions were consistently guided by the prevailing economic fundamentals—and that’s what the Window does.

Whether the Window has truly improved our liquidity as claimed is left for experts to figure out, but the rates generated through the platform aren’t static. The N630/$ that our journalists reported as devaluation is actually the highest spot rate in a day, and lowest rate of the day in question was N410/$. It’s determined by the forces of demand and supply, and would keep on changing.

You can monitor the I&E rate via this website, fmdqgroup.com/exchange/, revealed in the CBN circular announcing the Window, and track the fluctuations of the exchange rate across hours every day. The closing rate for yesterday was ₦464.67." — Gimba Kakanda

Good good

So you are saying this will not in anyway affect the usual forex rates?
Will the market look at this and not react to it?

Buhari the goated president
Fvcking mannequin
https://www.nairaland.com/7710681/how-mdas-squandered-3.8-trillion

liveLongNprospa:


Good good

So you are saying this will not in anyway affect the usual forex rates?
Will the market look at this and not react to it?

What is the official exchange rate as of today sef. I went to CBN website but nothing there. The truth will surely come out na time.


Modified. I just checked Aboko Forex website. CBN rate is 461 to dollar. So no devaluation. Good one.

iamoyindamola:
Something is definitely wrong with these people for them not to rate us
https://www.nairaland.com/7710723/live-tracker-shows-nigerian-air

tuoyoojo:
The scam called Nigeria

after all the billions spent advertising Air Nigeria

someone don use Air Nigeria hammer

All they did was a paint job of an aeroplane of a fellow African country

As big as Nigeria is, we cannot float a national carrier

Something that Ethiopia is doing effortlessly

what a shame on the APC administration

Shameful really

It's even more shameful that there are ediots that will defend these people just cos they believe it's the easterners that are feeling the pains.

TrebleChamp:
I thought Tinubu was suppose to sack Emefiele and order his immediate arrest? So dem be dey wyne us with all that "Emefiele want him to lose election" bullshit....

Someone that's supposed to be inside Black Maria

I feel bad for anyone expecting miracle from Tinubu

Emaprince:




Shameful really

It's even more shameful that there are ediots that will defend these people just cos they believe it's the easterners that are feeling the pains.

Like this one

monerozi5590:



Baba, is like Nigeria Air don land in Abuja oh...

Give us exclusive pics abeg

monerozi5590:
We will continue to celebrate good news of Buhari's achievements. Nigeria Air is one of his many achievements. Thank you sir.

A40:
Someone that's supposed to be inside Black Maria

I feel bad for anyone expecting miracle from Tinubu

Lets be hoping for the long term benefits.

Even though deep within, we already know they are creating avenues for a better looting exercise. .

iamoyindamola:


Like this one

This one choke o.

iamoyindamola:


Like this one

Is a start up. Let's wait for more clarification.

How does wanting Nigeria Air to succeed translate to Easterners will suffer? I don't understand the mention.

Emaprince:
This one choke o.

Our guy wan turn amala, let's wait for it

liveLongNprospa:


Good good

So you are saying this will not in anyway affect the usual forex rates?
Will the market look at this and not react to it?

I'm not grounded in that area. Maybe Ibime can help

One of Tinubu's many generals.

monerozi5590:


This your question self. Even the subsidy removal sef without putting things in place is a wrong move.

Tinubu can never corn-fuse all of us. Never.

monerozi5590:



Is a start up. Let's wait for more clarification.

How does wanting Nigeria Air to succeed translate to Easterners will suffer? I don't understand the mention.

That' wasn't even intended for you. Na APC lagos chapter get the sub

Spy360:

Tinubu can never corn-fuse all of us. Never.

He is a smart man but any wrong move will be met with constructive criticism. That's how things should be done.

Theflint1:
One of Tinubu's many generals.

Imagine such an ediotic comment.

Honestly, you have to summon the evil in you...and sound like an unreasonable fellow to support and defend APC.

monerozi5590:



He is a smart man but any wrong move will be met with constructive criticism. That's how things should be done.

He was a smart man.

The man we have now should be resting and taken care of.

monerozi5590:



He is a smart man but any wrong move will be met with constructive criticism. That's how things should be done.

monerozi5590:




Nope. He is still my president and the president of Nigeria but no one is above criticism. I believe he will do well.

Emifiele should understand that the CBN is a very autonomous agency. In the ideal sense of things, even the president doesn't have power over the CBN governor.

Just two days in and you have started criticizing. Wait until he japa too.

Meanwhile, the bolded is false.

A40:
Someone that's supposed to be inside Black Maria

I feel bad for anyone expecting miracle from Tinubu

How do you arrest him if you were the president? Unless you want to go against the rule of law.