I knew the gain was going to be short-lived, a more permanent solution is to ramp up exports so we can earn more forex

What is Peter Obi doing to stop Naira from clashing?

Kachidubem:




Sha Sha ... Naira is on a project heading for 550/1$ by the time Dangote starts to save us $30 billion... I can't wait for 2024.

Noted...

Keep rising. We must learn to promote our products by force.

Powerless naira
I should have just held on with my dollars jejeje

Tinubu is a genius crew in the mud

Okwyjesus:


Utara oyibo!

What?

Owan December.

IVORY2009:
Propaganda govt

The have agents in all sectors of the economy, media houses, Here on nairaland, etc lies upon lies

and even banks. The only thing that may help the naira is the coming of Dangote refinery. This will go along way in reducing the pressure on naira but I also heard that Dangote planned selling his refined product in dollars . I don't know if Dangote will be saving the dollars in foreign bank account or in Nigeria. Anyway I keep saving in dollars but I have learnt the hard way

Unless Economics suddenly becomes Physics, the Naira is not stabilising any time soon and that's the truth.

Not with the growing debt and constant imports.

Do you know some Nigerians are not happy with the improvement in our naira.
God help Nigeria

Heineken:
If anybody believe say dollar go ever dey go down with wetin this government talk, then the person get big problem.

Help me tell this guy @Kachidubem

Patriotsleague:
Nigeria is the only country where its own citizens pray for it's currency to fall, and it's economy destroyed, what an evil people.

The people wishing to benefits from just from buying and selling that are the problems not those in charge of running the nation into the ground.

Kachidubem:

True ...but the main reason why naira is weak is because we source for over $15 billion dollars bringing refined oil from overseas....


Once Dangote kick start....he will save us the stress of sourcing $15 billion and in return 80% of the money we pay to Aliko , bad man will still pump it into the eco system

Inorder words , money isn't really leaving our shores.

I don’t know who needs to hear this: Dangote refinery operations will be intentionally disrupted due to selfish and vested interest.
Aliko Dangote knows that he makes more money importing refined products at a cheaper rate than he’ll ever make refining.
I really wish this wasn’t the case, but unfortunately, it is.

Kachidubem:

Be calm...

Those hoarding dollars go hear am hot hot ...

Naira will gain massively...just be watching this space

I just hope say u nor go run hide wen e happen.

I go quote you out.

Cc Athena6

Hazard457:
1 step forward, 3 steps backwards.

You just said it.

Neckpresser101:
Na everyday this Una dollar dey crash go 1050

Propaganda doesn't run government

True true, ariwo kọ ní music, just as propaganda is not proper agenda governance outcomes.

We don enter one chance since 2015!

MAD CITIZEN OF NIGERIA HATE PRODUCTION OF ANY KIND, CONTINUE TO LABOUR FOR DOLLARS

Ikaeniyan0:
The CBN needs to clear some of the backlog again this week

And every other week too. Keep playing

Don't worry... They are preparing to take more loans to prop the Naira, and give stupid supporters something to brag about.


There is a price to pay for propaganda.

Sadly, this price will be paid by every Nigerian living in Nigeria. Una go hear word!

Nigeria is import dependent that is why the price of dollars matter.

The naira will move to #1,500/$1 by December. By Jan/Feb #1500 will become the authentic support level. Until the real concrete step of senseable spending, rational importations, zero looting, and solid positive policies(backed by action) are put in place, no make up or dress up will save our naira.

Kachidubem:

True ...but the main reason why naira is weak is because we source for over $15 billion dollars bringing refined oil from overseas....


Once Dangote kick start....he will save us the stress of sourcing $15 billion and in return 80% of the money we pay to Aliko , bad man will still pump it into the eco system

Inorder words , money isn't really leaving our shores.

Do you really believe Dangote refinery, after importing crude at international market price, will save the naira?
Dude is in business to make money, not some father Christmas.

GanagiBitrus:

All these Naira & Dollar markets dey very unstable.
My standard for Good Governance remains Cost of Living as reflected in prices of goods and services in the market.

That is it, Dollar fell, Naira fall, pounds rises, all are means nothing to an average citizen as long as prices of commodities are still sky high all these dollar news are just rubbish. People still cannot afford food and common goods. People are stiil poorer than they were.

AroOkigbo:

Do you really believe Dangote refinery, after buying crude at international market price, will save the naira?
Dude is in business to make money, not some father Christmas.

That is what i have being trying to tell them.

lilvicky68:

You better wait till then before you start jubilating as dangote may end up sourcing cride oil from overseas with dollars

no mind the guy,Dangote is about to buy crude oil outside, so what really change

civilserva:
What is Peter Obi doing to stop Naira from clashing?

Peter Obi is not in government Tinubu is the president, have you forgottten?

luizpippo:


The people wishing to benefits from just from buying and selling that are the problems not those in charge of running the nation into the ground.

Read my post well, if you don't have a good thing to say or counter it, Bleep off. Nigerians think they are smart but actually very dumb...if we run the country to the ground with our greedy choices, criminals will rob you,. kidnappers will kidnap you because of failed economy, and you fools will become refugees abroad. Idiots.

Kachidubem:

Be calm...

Those hoarding dollars go hear am hot hot ...

Naira will gain massively...just be watching this space

what made it to loose from 200naira to more than 1000naira in 6months?

Kachidubem:

True ...but the main reason why naira is weak is because we source for over $15 billion dollars bringing refined oil from overseas....


Once Dangote kick start....he will save us the stress of sourcing $15 billion and in return 80% of the money we pay to Aliko , bad man will still pump it into the eco system

Inorder words , money isn't really leaving our shores.

dangote who is looking for how to import crude oil for his refinery?

civilserva:
What is Peter Obi doing to stop Naira from clashing?

If u want him to do anything, then tell Tinubu to step down for him so he can stop Naira from "clashing".