₦airaland Forum

micxwell:
You better calm down. If you invested enough to give you atleast a $100 returns monthly then why worry. Meanwhile, the rate has gone back up on Rise.

Where did you get your news from?

being:
True and false..For the pdp years $ was 120- 200.. what happened ? Of course our naira will be supported by cbn reserves cos 90% of our fx inflow is by crude which is mainly govt.. d IOCs repatriate most of theirs... so who else do u expect to supply $ to the market if not govt ? Now, by 2020, our production had really dropped and fx wasn't coming in as b4, so d supply of $ was from previous $ in d reserves and loans--that was d problem...Now with govt doing loan repayments and importing fuel they have nothing to supply d market hence d astronomical increase to N1,600

But can there be a positive difference now that oil price has risen and our production is going up?

predictor1:
But can there be a positive difference now that oil price has risen and our production is going up?

Yes

Paraman:
Where did you get your news from?

The comment was specifically directed towards the person I replied to, not everyone. He uses Rise, and the advice was tailored accordingly.