Okay

Iykopee:
@ #1500 means naira is gaining value?

It's really sad

We are celebrating 1500 to a dollar

The thing weak me like dodo

Britishpea:
After back and forth, throughout Tinubu’s first 4 years tenure, naira/dollar will be pegged at 1200-1500/$. Nothing less. Prices of good and services will remain the same. But expect massive projects and institutional reforms.

which "massive projects and institutional reforms" are you referring to?

what do you mean by "institutional reforms"?

baconline:
No hope except they take some drastic actions,

Whatever they are doing are mere cosmetic dressings. Until we intensify local production by boosting power supply, we are a pipe away from reality. They should keep hating on the East, rather than see them as production opportunity.

Tinubu will handle economy while shettima will handle security

Let's See How it Goes

Iykopee:
@ #1500 means naira is gaining value?

Don't mind them...

Britishpea:
After back and forth, throughout Tinubu’s first 4 years tenure, naira/dollar will be pegged at 1200-1500/$. Nothing less. Prices of good and services will remain the same. But expect massive projects and institutional reforms.

Even if you peg it at $1300, the problem here is scarcity. One politician can wipe off $200M and stash it somewhere then another round of scarcity begins. There's enough $$ in the country but all hoarded by corrupt politicians, the Govt will keep pumping it more and it will keep disappearing over a short time.

Abeg, wetin concern Nigeria market with Dollar wen Garri and Beans self dey change Price?

No Lele sha, USD go soon find him level.

Paraman:


https://punchng.com/cbn-sells-over-300m-to-banks-as-naira-gains/?utm_source=telegram&utm_medium=social

“If you are not aware, kindly note that the CBN last week sold over $200m to the banks below N1,500/dollar"

"Below N1,500/dollar" is what amount exactly?

if the CBN is interested in the price of dollar to crash, why didnt it sell at N100 per dollar and put a ceiling of N150 for the banks?

is it not obvious that the CBN is responsible for the high cost of dollars in Nigeria?

if CBN is supplying dollars and setting its price, how then is the price being determined by market forces?

tuoyoojo:


It's really sad

We are celebrating 1500 to a dollar

The thing weak me like dodo

na one day it climbed to almost 2k? They are taking actions and it's kind of working..una still dey whine like puppy

Sccarrr:
no, E dey decline, ode! We know you're sad about the news..your expectation namake e dey rise daily, it gives u orgasm

Mofo's spotted

Ode buruku ni e. Ole ni e. Ebin pawa!

👍👍👌Good!... Keep up and improve on the tempo!💯💯💯

The rogue banks would soon start doing whatever they like with it. Cardoso had better start operating strictly like the strict Jamb registrar Oloye if he wants a huge improvement.

He needs to regulate the banks and ensure it goes digital. All the Nigerian banks must have their dollar accounts with CBN so the CBN can be aware of any interaction with useless rogue politicians and useless speculators or the CBN should stop giving dollars to the rogue banks altogether.

Also, Crypto which includes binance are no different from speculators, BDC and money launderers. They must be registered as money service company and regulated or banned totally.

1x2x3:


Even if you peg it at $1300, the problem here is scarcity. One politician can wipe off $200M and stash it somewhere then another round of scarcity begins. There's enough $$ in the country but all hoarded by corrupt politicians, the Govt will keep pumping it more and it will keep disappearing over a short time.

are the politicians ghosts?

who is the government? is it not the same politicians you talking about that control and run it?

Sccarrr:
na one day it climbed to almost 2k? They are taking actions and it's kind of working..una still dey whine like puppy

How about this one

See euro, see pounds, see CFA those ones that not moving

The window dressing while not work

Diversifying the economy and start setting up industries for export that is what would help us

Sccarrr:
na one day it climbed to almost 2k? They are taking actions and it's kind of working..una still dey whine like puppy

which action is it that they are taking and how is it working?

Dsimmer:
The useless banks would soon start doing whatever they like with it. Cardoso had better start operating strictly like Oloyede of Jamb if he doesn't want his name tarnished.

He need to regulate the banks and go digital. All the Nigerian banks must have their dollar accounts with CBN so the CBN can be aware of any interaction with useless rogue politicians and useless speculators or the CBN should stop giving dollars to the rogue banks altogether.

Also, Crypto which includes binance are no different from speculators, BDC and money launderers. They must be registered as money service company and regulated or banned totally.

which Cardoso are you talking about?

is Crypto the reason for high cost of dollars?

Mopolchi:
Ode buruku ni e. Ole ni e. Ebin pawa!

ebi n pa iyalaya e nile

lexy2014:


which Cardoso are you talking about?

is Crypto the reason for high cost of dollars?

Yes! They're money launderers!

Sccarrr:
ebi n pa iyalaya e nile

ebi n pa iya ati baba e

lexy2014:


which action is it that they are taking and how is it working?

oh, we don see u...this is all u do here all day ,discrediting anything good... Better go get busy with ur life

Paraman:


https://punchng.com/cbn-sells-over-300m-to-banks-as-naira-gains/?utm_source=telegram&utm_medium=social

This is a short term measure bro, leave propaganda and lies aside, the parallel market will shrink for sometime and later burst open and depreciate Naira with a vengeance.

Wetin naira dey gain?

Just one policy you need any don acct above 2000 dollars should be converted to naira

When you need huge dollar for essential import visits cbn

It will crash totally

Iykopee:
@ #1500 means naira is gaining value?

No be u de shout say e go reach 2k by next month?

Mopolchi:
ebi n pa iya ati baba e

wayre orun is pained...Omo ofo, Omo gutter

I am just laughing in Xhosa...
When a man is drowning he will even grope at a fly.

All these last minute efforts will not stop the USD to equal 2000NGN in a short while.

So CBN pumps in 300million usd all of a sudden, will it suddenly boost exports and reduce imports?
Can they even sustain the supply?

Nawnsense...

CodeTemplar:
The govt is trying to hang it around N1500/$ mark. Selling slightly below and pushing for it to be resold at just above that is their strategy for now.
We need some drastic import substitution and not these cosmetic shenanigans.

There can only be import substitution if the cost of production is reduced and the ease of doing business is reduced.

Britishpea:
After back and forth, throughout Tinubu’s first 4 years tenure, naira/dollar will be pegged at 1200-1500/$. Nothing less. Prices of good and services will remain the same. But expect massive projects and institutional reforms.

This your dreams ehnnn if you applied it to business you will not be here doing this rubbish

Paraman:


“If you are not aware, kindly note that the CBN last week sold over $200m to the banks below N1,500/dollar. Similarly, this week, the CBN has on two consecutive days sold FX to banks at rates we understand to be in the $1,450 range. We hope this information helps guide your decisions regarding the rates and spreads you get from your banks.”

https://punchng.com/cbn-sells-over-300m-to-banks-as-naira-gains/?utm_source=telegram&utm_medium=social

So the CBN is back to fixing exchange rate which the zombie call subsidising dollars?

So what was all the razzmatazz about floating for?

Tinubu just suffered Nigerians for nothing. Such a confused president.

Dsimmer:


Yes! They're money launderers!

which Cardoso are you talking about?

how are they money launderers?

who are they laundering money for?