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$1/900 Why CBN Must Avoid Emefiele's Mistake - Politics - Nairaland

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Why CBN Shouldn’t Extend Naira Swap Deadline – Atiku / This Is the Reason Why CBN Is Not Shifting Deadline / Olawepo Hashim Explained Why CBN Has Failed To Grow Nigeria’s Economy (2) (3) (4)

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$1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 2:14pm On Mar 28
While Yemi Cardoso is busy pushing Propaganda that
"Forex holders are rushing to overload their dollars "

He forgets that their are speculators waiting on the sidelines with billions of naira waiting to scoop cheap dollars. During the Emefiele's time as governor of CBN, to prevent people from scooping up cheap dollars he did two things: he created a parallel market and he banned Nigerians from buying USDT and cryptocurrencies.

I myself, a nobody in the scheme of things will work harder, earn more naira and buy more dollars to add to my stack if at all the CBN is capable of bringing down the exchange rate to $1/900.

As at the time of writing, $1=N1418.

3 Likes 2 Shares

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 2:18pm On Mar 28
Birdbyrde440:
While Yemi Cardoso is busy pushing Propaganda that
"Forex holders are rushing to overload their dollars "

He forgets that their are speculators waiting on the sidelines with billions of naira waiting to scoop cheap dollars. During the Emefiele's time as governor of CBN, to prevent people from scooping up cheap dollars he did two things: he created a parallel market and he banned Nigerians from buying USDT and cryptocurrencies.

I myself, a nobody in the scheme of things will work harder, earn more naira and buy more dollars to add to my stack if at all the CBN is capable of bringing down the exchange rate to $1/900.

As at the time of writing, $1=N1418.





The marathon continues.

1 Like

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Kloenboi: 2:24pm On Mar 28
Those Nigerians that are buying USDT with over 500m on binance, are they real?
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by nobaga: 2:36pm On Mar 28
Cardozo must do more than pushing dollar down. Only a few rich people in the corridor of power that have unlimited naira buy dollars or pounds at any price.

Cardoso must block legal raiders of Central Bank. Especially companies that have never brought back foreign money earned abroad for ages but have unlimited access to Central Bank in the guise of creating jobs.

Another avenue that must be blocked is foreign school fees for privileged families. Do you really have to study RK RK Yoruba abroad when every country is increasing STEM graduates

8 Likes

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Godoverevery: 3:01pm On Mar 28
Birdbyrde440:
While Yemi Cardoso is busy pushing Propaganda that
"Forex holders are rushing to overload their dollars "

He forgets that their are speculators waiting on the sidelines with billions of naira waiting to scoop cheap dollars. During the Emefiele's time as governor of CBN, to prevent people from scooping up cheap dollars he did two things: he created a parallel market and he banned Nigerians from buying USDT and cryptocurrencies.

I myself, a nobody in the scheme of things will work harder, earn more naira and buy more dollars to add to my stack if at all the CBN is capable of bringing down the exchange rate to $1/900.

As at the time of writing, $1=N1418.



I $ = 1300 black market

Get your fact right.

13 Likes

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Babalegba(m): 3:08pm On Mar 28
Birdbyrde440:
While Yemi Cardoso is busy pushing Propaganda that
"Forex holders are rushing to overload their dollars "

He forgets that their are speculators waiting on the sidelines with billions of naira waiting to scoop cheap dollars. During the Emefiele's time as governor of CBN, to prevent people from scooping up cheap dollars he did two things: he created a parallel market and he banned Nigerians from buying USDT and cryptocurrencies.

I myself, a nobody in the scheme of things will work harder, earn more naira and buy more dollars to add to my stack if at all the CBN is capable of bringing down the exchange rate to $1/900.

As at the time of writing, $1=N1418.



I don't think you get it,once it gets to 900 to one,it stays there as there is no binance to help saboteurs like you and evident loopholes will be blocked.
One thing you have to understand is that the difference between 900 and 1800 is what causes some families to go to bed hungry. I think all the dollar hoarders should be shot on sight by the security forces because they are worthless excrements of unpatriotic mess.
I think that the government should introduce economic classes for all citizens even if it's only on radio.
In Nigeria even the certificated are brain dead

23 Likes 2 Shares

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 4:07pm On Mar 28
Kloenboi:
Those Nigerians that are buying USDT with over 500m on binance, are they real?

They are many.
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 4:09pm On Mar 28
Babalegba:
I don't think you get it,once it gets to 900 to one,it stays there as there is no binance to help saboteurs like you and evident loopholes will be blocked.
One thing you have to understand is that the difference between 900 and 1800 is what causes some families to go to bed hungry. I think all the dollar hoarders should be shot on sight by the security forces because they are worthless excrements of unpatriotic mess.
I think that the government should introduce economic classes for all citizens even if it's only on radio.
In Nigeria even the certificated are brain dead

Let it go to 100naira/1$ I will be waiting to buy more $$$.
Besides since they killed binance in Nigeria, the price of goods have continued going up, POVERTY persists.

1 Like 3 Shares

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 4:13pm On Mar 28
nobaga:
Cardozo must do more than pushing dollar down. Only a few rich people in the corridor of power that have unlimited naira buy dollars or pounds at any price.

Cardoso must block legal raiders of Central Bank. Especially companies that have never brought back foreign money earned abroad for ages but have unlimited access to Central Bank in the guise of creating jobs.

Another avenue that must be blocked is foreign school fees for privileged families. Do you really have to study RK RK Yoruba abroad when every country is increasing STEM graduates

You got it all wrong. You don't understand crypto.
One Airdrop can earn you $100k
Many silent millionaires with digital dollars.

Don't get it twisted!

7 Likes 1 Share

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by EmperorCaesar(m): 4:22pm On Mar 28
U are just waiting for the country to fail. Its evident in your comment

This is the worst set of opposition i have ever seen in my life
Imagine wishing evil on your country of birth...this is madness

13 Likes

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by HopeUzodinma: 4:31pm On Mar 28
Birdbyrde440:


You got it all wrong. You don't understand crypto.
One Airdrop can earn you $100k
Many silent millionaires with digital dollars.

Don't get it twisted!

What is airdrop?
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Babalegba(m): 4:43pm On Mar 28
Birdbyrde440:


Let it go to 100naira/1$ I will be waiting to buy more $$$.
Besides since they killed binance in Nigeria, the price of goods have continued going up, POVERTY persists.

You still need to wait for at least six weeks for the fx gains to translate to cheaper goods at the market.
I've always maintained that most of Nigerias problem is caused by the proletariat and not the leaders
Nigerians need to be protected from hurting themselves so the government woululd need to criminalize the hoarding and saving in Nigerians are too weak to be trusted so shooting a few people for economic sabotage might be in order.

3 Likes 1 Share

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by PARADIZEPRIEST: 4:49pm On Mar 28
Scammer enefuele did not make any mistake he duped Nigerians ,he destroyed banking system of accountability,transparency and probity.
THANK GOD CARDOSO IS REBUILDING OUR BANK SYSTEMS WITH STRONG MPC MEMBERS.
NIGERIA RISING GREAT AGAIN IFSHA. angry

4 Likes

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Babalegba(m): 5:18pm On Mar 28
PARADIZEPRIEST:
Scammer enefuele did not make any mistake he duped Nigerians ,he destroyed banking system of accountability,transparency and probity.
THANK GOD CARDOSO IS REBUILDING OUR BANK SYSTEMS WITH STRONG MPC MEMBERS.
NIGERIA RISING GREAT AGAIN IFSHA. angry
There are many economic saboteurs currently ensconced in Nigeria and the government will have to come up with a plan to deal with them otherwise gains could be shortlived
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Feldie: 5:21pm On Mar 28
Birdbyrde440:
While Yemi Cardoso is busy pushing Propaganda that
"Forex holders are rushing to overload their dollars "

He forgets that their are speculators waiting on the sidelines with billions of naira waiting to scoop cheap dollars. During the Emefiele's time as governor of CBN, to prevent people from scooping up cheap dollars he did two things: he created a parallel market and he banned Nigerians from buying USDT and cryptocurrencies.

I myself, a nobody in the scheme of things will work harder, earn more naira and buy more dollars to add to my stack if at all the CBN is capable of bringing down the exchange rate to $1/900.

As at the time of writing, $1=N1418.



how will you be able to do it? If you use all your money to buy dollar at 900 and CBN decide to sell to BDC at 892 the next day haven't you succeeded in rendering yourself poorer? You should focus on your life and business and stop monitoring dollar which is another country's currency.

7 Likes 1 Share

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by jidowu84: 5:41pm On Mar 28
Babalegba:
I don't think you get it,once it gets to 900 to one,it stays there as there is no binance to help saboteurs like you and evident loopholes will be blocked.
One thing you have to understand is that the difference between 900 and 1800 is what causes some families to go to bed hungry. I think all the dollar hoarders should be shot on sight by the security forces because they are worthless excrements of unpatriotic mess.
I think that the government should introduce economic classes for all citizens even if it's only on radio.
In Nigeria even the certificated are brain dead

I picked my topic from your comment!

"Saboteurs of Nigeria's Economy are Worthless Excrements of Unpatriotic Mess"

In recent years, Nigeria's economy has faced various challenges, with issues of corruption, mismanagement, and sabotage destabilizing the country's economic progress. These saboteurs, often driven by self-interest and greed, have caused immeasurable harm to the nation's development and hindered the growth opportunities for its people.

At the core of this issue lies a sense of unpatriotism and disregard for the collective well-being of the country. These individuals, referred to as "worthless excrements of unpatriotic mess," prioritize their personal gains over the greater good of the nation, leaving a trail of destruction in their wake.

One of the key saboteurs of Nigeria's economy is corruption. The misappropriation of public funds, embezzlement, and bribery have siphoned billions of dollars away from crucial projects and services, depriving the population of much-needed resources. This culture of corruption corrodes the foundations of the economy, eroding trust and confidence in the government and deterring potential investors.

Furthermore, the lack of accountability and transparency exacerbate the problem, allowing these saboteurs to operate with impunity and evade consequences for their actions. The absence of stringent measures and enforcement mechanisms further emboldens these individuals, perpetuating a cycle of economic sabotage that hampers Nigeria's progress.

In addition to corruption, sabotage of critical infrastructure and facilities further undermines the economy. Attacks on oil pipelines, power stations, and other key assets not only disrupt essential services but also deter investors and drive up costs, ultimately impacting the livelihoods of ordinary citizens.

The consequences of these actions are far-reaching, with ripple effects felt across all sectors of society. Unemployment rises, inflation spikes, and essential services deteriorate, leaving the most vulnerable communities at risk of further marginalization and poverty. The collective impact of these saboteurs is a severe blow to Nigeria's economic stability and long-term sustainability.

To combat this menace, a holistic approach is required, focusing on strengthening institutions, enhancing transparency, and fostering a culture of accountability. Promoting ethical leadership, empowering whistleblowers, and enacting stringent anti-corruption laws are crucial steps towards rooting out the perpetrators of economic sabotage and restoring faith in the economy.

Above all, it is imperative for every Nigerian to uphold the values of patriotism, integrity, and responsibility towards the nation. By collectively denouncing and exposing the activities of saboteurs, we can foster a culture of accountability and transparency that will safeguard Nigeria's economic future for generations to come.

Lastly, the "worthless excrements of unpatriotic mess" who seek to undermine Nigeria's economy must be held accountable for their actions. It is only through unified efforts and a steadfast commitment to the principles of good governance and ethical conduct that we can overcome these challenges and build a prosperous and sustainable future for all Nigerians.

6 Likes

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by drlateef: 5:49pm On Mar 28
Godoverevery:

I $ = 1300 black market

Get your fact right.



Actually 1250 as we speak on Aboki.

28 Likes

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by erniok(m): 6:44pm On Mar 28
Birdbyrde440:
While Yemi Cardoso is busy pushing Propaganda that
"Forex holders are rushing to overload their dollars "

He forgets that their are speculators waiting on the sidelines with billions of naira waiting to scoop cheap dollars. During the Emefiele's time as governor of CBN, to prevent people from scooping up cheap dollars he did two things: he created a parallel market and he banned Nigerians from buying USDT and cryptocurrencies.

I myself, a nobody in the scheme of things will work harder, earn more naira and buy more dollars to add to my stack if at all the CBN is capable of bringing down the exchange rate to $1/900.

As at the time of writing, $1=N1418.



Emefiele created no parallel market. It was there before he even dreamed of becoming the CBN governor.

2 Likes

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by ExudeLoveToAll: 7:40pm On Mar 28
Babalegba:
There are many economic saboteurs currently ensconced in Nigeria and the government will have to come up with a plan to deal with them otherwise gains could be shortlived

You think economic saboteurs are the ordinary citizens? It's the Government and those around the corridor of power.

1 Like 1 Share

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Babalegba(m): 8:10pm On Mar 28
ExudeLoveToAll:


You think economic saboteurs are the ordinary citizens? It's the Government and those around the corridor of power.
Not hundred percent true. Some are in government but most saboteurs are ordinary citizens.
For example two nights ago someone created a topic here saying that people should start buying dollars because naira is now overpriced and government has subsidized it.
I warned him about the consequences of his actions but he kept badmouthing the naira. It was around 2.00 clock in the night so I went to the efcc website to notify them. I then went to sleep intending to notify the ogun state governors office in the morning so that an example could be made of the fool. Unfortunately the thread was deleted before I woke up.Vrry very annoying. I was looking forward to the government making an example of that obedient fool.

1 Like 1 Share

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Benwallt(m): 8:16pm On Mar 28
Birdbyrde440:


Let it go to 100naira/1$ I will be waiting to buy more $$$.
Besides since they killed binance in Nigeria, the price of goods have continued going up, POVERTY persists.


You should buy more handkerchiefs also because it will end in premium tears. You don't know what going on yet
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by ttime(m): 8:18pm On Mar 28
Dollar is not going to rise again any time soon.
Those still holding their dollars have little financial information. Some weeks ago, Goldman Sachs and jp Morgan, biggest bank in US predicted naira will rise to #1200.
The only future oyinbo can predict is the one they've created.
Naira at #1800 to dollar is artificial. The true value of naira by devaluation should be around #900 to dollar. And that's what cbn is targeting. Those in d know are already selling their dollars. So anyone buying dollar now hoping it will rise again is just an ignorant fool and will definitely regret it.

4 Likes

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by MadamExcellency: 8:28pm On Mar 28
Most people commenting here are just ignoramus with no business experience involving international market.
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Paraman: 8:34pm On Mar 28
Birdbyrde440:
During the Emefiele's time as governor of CBN, to prevent people from scooping up cheap dollars he did two things: he created a parallel market



You don't know what you're talking about
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Johnjustice: 8:39pm On Mar 28
Lazy bones get a job, if we all turn to dollar hoarders in Nigeria, this nation will sink. Myopic greedy ass.

1 Like

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by KingKO22: 9:24pm On Mar 28
😁😁😊😁😁 because your candidate lost election you IPOBidients are hellbent on destroying this country so that you can have a reason to rejoice

So I believe majority of you are in deep frustration at the moment bcs you speculation to make 1$ to 4000 by June has failed

Obituary himself was crying bcs Binance was banned in Nigeria which means his game plan has backfired πŸ˜‚πŸ˜πŸ˜πŸ˜

And the mumu also mentioned Emeifiele? The dullard that was busy paying billions of dollars every month to defend Naira ?
Emeifiele was afraid to face any challenges o flowing the Naira bcs he is a dullard


But IPOBidients are still praising the dullard ws their Lord and savior πŸ˜πŸ˜πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Donaldoni: 9:35pm On Mar 28
Nonsense!

Dollar is N1,265 on ByBit

1 Like

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Kloenboi: 11:14pm On Mar 28
Donaldoni:
Nonsense!

Dollar is N1,265 on ByBit

Have you tried to buying from them?
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Splashme: 11:36pm On Mar 28
Propaganda does not govern a country
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by AcadaWriter: 5:16am On Mar 29
Nonsense!Dollar is N1,265 on ByBit
Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by oyatz(m): 6:26am On Mar 29
Birdbyrde440:


You got it all wrong. You don't understand crypto.
One Airdrop can earn you $100k
Many silent millionaires with digital dollars.

Don't get it twisted!


What do these multi-millionaires with digital dollars produce? Where are their factories and what are their annual turn-over? How many people do they employ? What is their tax profiles?

Wealth with work like this are frequent seen in corrupt and underdeveloped countries. In Europe, you work very hard for every penny you see.

2 Likes

Re: $1/900 Why CBN Must Avoid Emefiele's Mistake by Birdbyrde440: 8:06am On Mar 29
oyatz:



What do these multi-millionaires with digital dollars produce? Where are their factories and what are their annual turn-over? How many people do they employ? What is their tax profiles?

Wealth with work like this are frequent seen in corrupt and underdeveloped countries. In Europe, you work very hard for every penny you see.

Your thinking is still Web2 focused. In Web3 and the 4IR, you will be able to earn a living on the metaverse.

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