This foreign people should leave us alone

USDT or USDC that is floated ...have you seen it shoot right up the sky? The floating price we are experiencing now is as a result of speculative purchase etc when everyone is ok, the price would normalise.

Flets:


Devaluing is the option, floating is not. You can even devalue to 700 and peg it there...... you can't float with the level of balance of trade deficit we have. What do we export outside crude?, do you know the volume of empty containers that gets shipped out daily from Nigeria?

With this floating, there is no real value... the speculators and manipulators will have a field day. USD will exchange for 1500 and there is nothing anyone will do about until CBN takes charge again

chidiokay:



Seems you have not being following Peter OBi campaign, ... all that stats he quotes does it belong to Nig.

Obi is dumb, always quoting irrelevant data to impress his illiterate followers

Flets:


Devaluing is the option, floating is not. You can even devalue to 700 and peg it there...... you can't float with the level of balance of trade deficit we have. What do we export outside crude?, do you know the volume of empty containers that gets shipped out daily from Nigeria?

With this floating, there is no real value... the speculators and manipulators will have a field day. USD will exchange for 1500 and there is nothing anyone will do about until CBN takes charge again

Bro you absolutely spot on. You actually know what is going in this country not some tribal bigots dat hav zero clue on what they want to do with there life

That is good news hopefully to disuade speculators from attacking the naira.

These are the things the CBN should be on top of, the kind of news that should come from them to calm markets.
No, they are just sitting on their hands or typically busy crafting the latest scheme to record heists.

Governance is just too poor in this country.
We should be getting briefs from the CBN on a daily basis if truly they are in control, if truly they know what they are doing.

JasonScoolari:
This is just the beginning.... First thing tomorrow, hike in Electricity Tariff will hit everyone hard.

Sad thing is that one Kwara Polytechnic Nd2 dropout, living in the suburbs of Ilorin as a part-time agbero, with a heavily padded Itel A2 as his major property and traits of mental disorder will come here to abuse Obidients and everyone who speaks against Tinubu and his tax killing government..

Are you sure you understood what you read up there? What he said was there is a transition period as the market adjusts and by year-end the naira will be at its true strength and will be further strengthened as petroleum reforms come into effect.

Try not to make anything negative a source of happiness. It is scientifically proven to damage the brain. I'm not even kidding.

jumper524:
If unethical caution is not taken, these Americans would still devalue our naira and blame it on some economic factor.

But we're the cause of this one. If your home is tidied, flies won't come in. Our crude export has always given us paltry IGR yet our currency remained one of the strongest in the world. Are you aware ce fa is now stronger than naira? When last did you see cotonou maids coming here to work? They used to come cos of our strong currency. By the time they changed it to cefa, ground go do full. Go and check how much naira was to dollar when obj was in power and crude was sold for less than 50usd a barrel. Maybe you'd understand the meaning of bad economic policies of govt

Parachoco:
The way some of una dey always talk eh

All the Financial experts/institutions wey don talk say the Naira go stable at 600+ are wrong, nah only you right

What a 🤡

What exactly are you exporting for you to believe Naira will appreciate.

jumper524:
If unethical caution is not taken, these Americans would still devalue our naira and blame it on some economic factor.

A Muslim _Muslim supporter looking to blame America again. It seems Muslim_Muslims will never take blame, always blaming America and Europe.
What is America role in Naira devaluation?

Hmm...

SmartyPants:


Are you sure you understood what you read up there? What he said was there is a transition period as the market adjusts and by year-end the naira will be at its true strength and will be further strengthened as petroleum reforms come into effect.

Try not to make anything negative a source of happiness. It is scientifically proven to damage the brain. I'm not even kidding.

Translator, Mr admonishment.... You go translate taya CORNfused fellow. 🤣🤣🤣

JasonScoolari:
Wetin bring Peter Obi come this matter?

Is he the reason why the Naira is undervalued?

Is he the reason fuel is now N520 per litre and will be N700 per litre in the North?

Is he the reason why 5 seed of tomatoes is now N350?

Is he the reason you entered trailer from Kaduna to Ilorin to celebrate Salah?

Is he the reason there will be increase in electricity tariff as from tomorrow?

Is he the reason students at Federal Universities will start paying double of their fees?

I still find it difficult to understand why peter obi is still a nightmare to these people just like you noticed too.
Them carry mandate, ask am to go court, the man is minding his business jeje.
Once you fault anything with tinubu, they will call obi as if it was his father that impregnated Tinubu's mother.

It becoming childish and annoying honestly. I thought I was the only one that noticed that obi's name is coming up on a thread that has to do with tinubu"s policies.

Mummyfour:
I still find it difficult to understand why peter obi is still a nightmare to these people just like you.
Them carry mandate, ask am to go court, the man is minding his business jeje.
Once you fault anything with tinubu, they will call obi as if it was his father that impregnated Tinubu's mother.

It becoming childish and annoying honestly. I thought I was the only one that noticed that obi's name is coming up on a thread that has to do with tinubu"s policies.

What do you expect from followers of a thief and cocaine lover? Lol

Lols, how can people that don't believe in Statistics begin to praise or talk bad about statistical projections of Nigerian currency?

Tinubu and his supporters dont understand Statistics as he said...." NA STATISTICS WE GO CHOP" during his selection campaigns....

Am watching from a distance, I can see the top WAILERS of Agbadonians on Nairaland here are beginning to suffer the consequences of their myopic Propaganda for this new TAX GOVERNMENT......

Hope you have paid your #1,000 vehicle ownership alawi to the Federal Government? .....lols

jumper524:
If unethical caution is not taken, these Americans would still devalue our naira and blame it on some economic factor.

Disuan just dey see the letters of the article. E no understand nothing for inside.

JasonScoolari:
This is just the beginning.... First thing tomorrow, hike in Electricity Tariff will hit everyone hard.

Sad thing is that one Kwara Polytechnic Nd2 dropout, living in the suburbs of Ilorin as a part-time agbero, with a heavily padded Itel A2 as his major property and traits of mental disorder will come here to abuse Obidients and everyone who speaks against Tinubu and his tax killing government..

i am very sure you didnt read the post or even have a clue what bank of america is saying.

JasonScoolari:
This is just the beginning.... First thing tomorrow, hike in Electricity Tariff will hit everyone hard.

Sad thing is that one Kwara Polytechnic Nd2 dropout, living in the suburbs of Ilorin as a part-time agbero, with a heavily padded Itel A2 as his major property and traits of mental disorder will come here to abuse Obidients and everyone who speaks against Tinubu and his tax killing government..

people like u who live in one room face me i face u will come only be bragging. What is your problem with people supporting tinubu. Must everyone support Obi. This is why ibo can't rule this country.

ArcSEMPECJ:
Lols, how can people that don't believe in Statistics begin to praise or talk bad about statistical projections of Nigerian currency?

Tinubu and his supporters dont understand Statistics as he said...." NA STATISTICS WE GO CHOP" during his selection campaigns....

Am watching from a distance, I can see the top WAILERS of Agbadonians on Nairaland here are beginning to suffer the consequences of their myopic Propaganda for this new TAX GOVERNMENT......

Hope you have paid your #1,000 vehicle ownership alawi to the Federal Government? .....lols

Try to read post before commenting

imam07:
people like u who live in one room face me i face u will come only be bragging. What is your problem with people supporting tinubu. Must everyone support Obi. This is why ibo can't rule this country.

You couldn't even hide your bigotry. 🤣🤣🤣

Bidema:
Guys please when last did your country monitored American economy.

That's what you get when you depend on people for your daily bread

Lol. Anyone can monitor anyone, dear. If you read columns in BusinessDay or watch financial programmes on AriseTV and Channels, our own analysts review the economies, currencies and stock markets of the US and other developed countries every day.

Bidema:
Guys please when last did your country monitored American economy.

That's what you get when you depend on people for your daily bread

do u know Economics

Flets:


Devaluing is the option, floating is not. You can even devalue to 700 and peg it there...... you can't float with the level of balance of trade deficit we have. What do we export outside crude?, do you know the volume of empty containers that gets shipped out daily from Nigeria?

With this floating, there is no real value... the speculators and manipulators will have a field day. USD will exchange for 1500 and there is nothing anyone will do about until CBN takes charge again

No sir, I absolutely disagree.
As much as floating is highly risky, perhaps even suicidal in an unproductive economy, mere devaluations (which I call kicking the can down the road or sweeping the problem under the carpet) is equally meaningless and totally destructive in a regime of institutional failure and poor corporate governance. It assumes everyone will be ethical and accountable. Such is not Nigeria.

We have devalued deliberately many, many times and it has done nothing to enhance the management of our currency exchange regime. Moreover it has put more resources outside the control of government and made the CBN of no consequence.

Floating is just leveling the playing field and the competition to determine who is most efficient at generating productivity.

Abeg where can I buy 36k worth of agbado 🌽 in Lagos 🤣

JasonScoolari:
Translator, Mr admonishment.... You go translate taya CORNfused fellow. 🤣🤣🤣

No problems. Provided I can help one or two persons to see things from a different light, why not?

allthingsgood:


i am very sure you didnt read the post or even have a clue what bank of america is saying.

You are correct my dear.... According to Tinubu, "Na Bank of America statistics we go chop"

Bidema:
Guys please when last did your country monitored American economy.

That's what you get when you depend on people for your daily bread

Can a micro finance bank monitor CBN ?

JasonScoolari:
This is just the beginning.... First thing tomorrow, hike in Electricity Tariff will hit everyone hard.

Sad thing is that one Kwara Polytechnic Nd2 dropout, living in the suburbs of Ilorin as a part-time agbero, with a heavily padded Itel A2 as his major property and traits of mental disorder will come here to abuse Obidients and everyone who speaks against Tinubu and his tax killing government..

The same hatred and bitterness that killed those before you is killing you gradually.

WorldRichest:




The same hatred and bitterness that killed those before you is killing you gradually.

Don't mistake me for your Dad my dear friend. 🙂

The mandate stealer is working
No day passes without one "interesting news" for us to read

"Interesting times ahead" 😁

WorldRichest:




The same hatred and bitterness that killed those before you is killing you gradually.

Eyaa... This fuel 520/ltr dey really distob and vex u deep inside sha. Next time vote right

JasonScoolari:
You couldn't even hide your bigotry. 🤣🤣🤣

So what did u do on your first post. It doesn't shows bigotry to you? If u live in glass house. Don't throw stone

Na only one month be this o. Hehe