Putindbutt:

While Emefiele used billions of dollars to defend the naira and pegged it. The value of naira in the past was fake value.

how is that different from what the government is doing right now?

are you aware the even China defends its currency against the dollar?

femi4:
It won't, this is Nigeria. Cosmetic approach no dey last.

We all know that the fall isn't a natural one, nature will soon take its place

Not sure it's cosmetic. If it's true they've paid off liabilities to foreign companies and foreign reserves are rising, that would not be enough for substantial gains in the long term, but it's not cosmetic.

JASONjnr:
Tinubu met dollar at N700 to a single dollar and right before his eyes, it went up to N1,900. But we're praising his incompetence for subsidizing it to fall to N1,400.


Buhari met dollar at N200 and he left it at N700.

APC is all about noise and lies.

Tinubu and his minions should be reminded that the bolded happened in eight years.

If Tinubu can crash the naira in just nine months at this alarming rate, what will the naira-dollar exchange rate look like in eight years?

JASONjnr:
Tinubu met dollar at N700 to a single dollar and right before his eyes, it went up to N1,900. But we're praising his incompetence for subsidizing it to fall to N1,400.


Buhari met dollar at N200 and he left it at N700.

APC is all about noise and lies.

Agreed. You are the one making noise here.
You are aware that the former leader backed by Emefiele was padding the exchange rate from our external reserve, he equally printed not less than 30 trillion naira.
No more padding. Dollar value now a function of demand and supply.

lexy2014:

how is that different from what the government is doing right now?
are you aware the even China defends its currency against the dollar?

Does China have blackmarket?

Ofunaofu:


Tinubu and his minions should be reminded that the bolded happened in eight years.

If Tinubu can crash the naira in just nine months at this alarming rate, what will the naira-dollar exchange rate look like in eight years?

Tinubu is not Buhari.

Two different personalities.

Richtaiwo:

What happened to, "it will get to 3000/$ before the end of March"? Even if the rate gets to half Naira to one Dollar, you enemies of Nigeria will still find reasons to continue screaming. By that time, it will cease to be Tinubu's doing but the effort of pitobi. Please find a way of getting the hell out of Nigeria. Gerrout.

He met dollar at #700 and it's #1400 not up to a year and you want us to sing his praise for incompetent and clueless

lexy2014:


how is that different from what the government is doing right now?

are you aware the even China defends its currency against the dollar?

The present gains are not the result of the misguided borrowings to shore up the naira people were talking about some weeks back. So what are you on about?

lexy2014:


how is that different from what the government is doing right now?

are you aware the even China defends its currency against the dollar?

But the china you mentioned here is an exporting nation.

Everything about emefiele is scam.

Putindbutt:

Does China have blackmarket?

you have not answered my questions.

1. how is Emefiele defending the naira different from what the government is doing right now?

2. are you aware the even China defends its currency against the dollar?

JASONjnr:
Tinubu met dollar at N700 to a single dollar and right before his eyes, it went up to N1,900. But we're praising his incompetence for subsidizing it to fall to N1,400.


Buhari met dollar at N200 and he left it at N700.

APC is all about noise and lies.

For me to even appreciate this stupid APC govt, dollars must be 200 or N250/$ where the PDP left it. If not, forget about it.

Richtaiwo:
Obviously, it is gradually inching towards the official rate. Isn't it high time CBN reduced it to, let's say, N900/$ or 1k/$. And same thing be repeated when it starts converging again. With more effort, we might see the rate getting as low as 200/$ before the end of the year.

Amen

Haaland21:


But the china you mentioned here is an exporting nation.

Everything about emefiele is scam.

that is not the question I asked.

1. how is that different from what the government is doing right now?

2. are you aware the even China defends its currency against the dollar?

JuanDeDios:

The present gains are not the result of the misguided borrowings to shore up the naira people were talking about some weeks back. So what are you on about?

you have not answered my questions.

1. how is that different from what the government is doing right now?

2. are u aware the even China defends its currency against the dollar?

Haaland21:


Tinubu is not Buhari.

Two different personalities.

Who cares if they are different? So long Tinubu forced Buhari on us. And they are both from the same evil party, APC. They are both clueless as far as I am concerned.

lexy2014:


you have not answered my questions.

1. how is that different from what the government is doing right now?

2. are u aware the even China defends its currency against the dollar?

I'm beginning to think this lexy account is a misprogrammed bot. The speed with which it replies and the consistency with which it doesn't process what you wrote but just repeats its previous question are things only a bot can manage.

Islie:
• Sell forex in your possession as an act of patriotism, Oluwo charges Nigerians



https://thenationonlineng.net/dollar-crash-pressure-mounts-on-fx-hoarders-to-sell-off/

With Nigeria's population n market opportunities,the naira shouldn't be more than 200to a dollar,by the way can any economist explain how the naira is so low against western currencies but strong against SE Asian currencies of countries that are far more develop than Nigeria e g Japan china, south Korea etc?

Newswriter:
who said God is not wonderful.
Hope it crashes further than experts predicted

the crash go reach #400

Richtaiwo:
Obviously, it is gradually inching towards the official rate. Isn't it high time CBN reduced it to, let's say, N900/$ or 1k/$. And same thing be repeated when it starts converging again. With more effort, we might see the rate getting as low as 200/$ before the end of the year.

So you think is CBN that will be reducing the rate as they want right?

If Nigerians are not ready to reduce it, the rate won't reduce.

JASONjnr:
Tinubu met dollar at N700 to a single dollar and right before his eyes, it went up to N1,900. But we're praising his incompetence for subsidizing it to fall to N1,400.


Buhari met dollar at N200 and he left it at N700.

APC is all about noise and lies.

Been an uneducated illiterate is affecting people like you.

Haaland21:


Tinubu is not Buhari.

Two different personalities.

But Tinubu brought Buhari and should share in the blame

Not forgetting that Tinubu is causing his own economic woes at the moment

No need to sell them keep hoarding the dollars and be thinking you are hurting Tinubu una eyes go clear soon.

Pls hoard it more and forget anything that has begining must have end, make una no worry una head go bracket soon.

Richtaiwo:

What happened to, "it will get to 3000/$ before the end of March"? Even if the rate gets to half Naira to one Dollar, you enemies of Nigeria will still find reasons to continue screaming. By that time, it will cease to be Tinubu's doing but the effort of pitobi. Please find a way of getting the hell out of Nigeria. Gerrout.

Poor man

Putindbutt:

While Emefiele used billions of dollars to defend the naira and pegged it. The value of naira in the past was fake value.

Lol that is what your govt is doing now
They are paying billions of dollars to keep naira at this rate, it is a pegged rate. Same way they removed fuel subsidy and started paying again while Nigerians are buying fuel at 700 is the same thing they are doing with the current exchange rate.

Richtaiwo:

What happened to, "it will get to 3000/$ before the end of March"? Even if the rate gets to half Naira to one Dollar, you enemies of Nigeria will still find reasons to continue screaming. By that time, it will cease to be Tinubu's doing but the effort of pitobi. Please find a way of getting the hell out of Nigeria. Gerrout.

Your govt is paying billions of dollars to keep naira at this rate that is why it hasn't gotten to 3k yet. Same way they removed fuel subsidy and started paying again is same thing they are doing to exchange rate at a higher rate. Why float it in the first place if they will still end up subsidizing the exchange rate??

talk2hb1:
So Olu Iwo is a speculator too.

yes

Deepthoughts:
With Nigeria's population n market opportunities,the naira shouldn't be more than 200to a dollar,by the way can any economist explain how the naira is so low against western currencies but strong against SE Asian currencies of countries that are far more develop than Nigeria e g Japan china, south Korea etc?

The strength of a nation currency is not determined by population, but by her productivity. An unproductive nation like ours with more population is even worse. All we do is import & spend, we produce nothing!

lexy2014:


you have not answered my questions.

1. how is Emefiele defending the naira different from what the government is doing right now?

2. are you aware the even China defends its currency against the dollar?

Does China have blackmarket?

Bluearrow:

Lol that is what your govt is doing now
They are paying billions of dollars to keep naira at this rate, it is a pegged rate. Same way they removed fuel subsidy and started paying again while Nigerians are buying fuel at 700 is the same thing they are doing with the current exchange rate.

Where's your proofs?

Richtaiwo:

What happened to, "it will get to 3000/$ before the end of March"? Even if the rate gets to half Naira to one Dollar, you enemies of Nigeria will still find reasons to continue screaming. By that time, it will cease to be Tinubu's doing but the effort of pitobi. Please find a way of getting the hell out of Nigeria. Gerrout.

Can you just stop imagining enemies of Nigeria or just shut up. Why bring Peter Obi into this? Why do you people feel so disturbed that you must mention his name? Even with what the government is doing though it is great with respect to fiscal policies but it is still short term and cannot last long. Unless we start earning enough dollars either via crude oil sales or via having another means of earning FX which is diversification of the economy and this government has not shown any willingness to do that.

JASONjnr:


Ogbeni, shut up.


Nobody will praise your dull president for inflicting suffering to the people he pledged to preside over to make life easy to.


The way the dollar was moving up, everyone predicted it will go beyond the limit.

Coming down to N1,400 isn't enough. He should reduce it to the nearest minimum.

Don't tell me that you're happy it's pegging at N1,400?🥺

You must be a woman. It’s them I know expect all to be roses without thorn.

The people you are slaving for, read their history.