Lizzysamuel:



216-28 that's 188 difference.

1200-216 that's how much Agbadorian?
I don't even want to mention the 1950 ATH you guys took it too.

So if Naira devalues from 1 usd = 100 to 1 usd =150, prices of good will tend to increase by 50 Naira, nice logic.

blamingthedevil:


https://www.bloomberg.com/news/articles/2024-04-12/usd-ngn-nigerian-naira-could-extend-rally-to-below-1000-dollar-goldman-sachs?cmpid=socialflow-twitter-business&utm_medium=social&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter

Cheering news

You only need to subsidise dollar others will fall in line. You only need to reduce the price of cook, all aoft drinks will come down. You only need to crash bitcoin, all crypto will come down. There is always a market leader.

Read the article very well, seems you're cherry-picking

blamingthedevil:

This is how I know you don't know what you are saying. You just read jargons from an author that is Olodo. How does TB auctions has any thing to do with dollars, but money market instrument. The author even said trillion NAIRA, not dollars .Three weeks ago, Canadian dollar was N1,213. Today, it is N715. Pounds was N2,105, today, it is N1,300. I'm just telling you so that you don't think Naira is fighting only USD. Is govt subsidizing other all currencies?

StOla:


I am saying wait the same 16years then you can have yourself a fair comparison.

They are already under performing at 50% of the time PDP spent. This is with a lot of intervention in a supposedly free market. There is a basis for comparison already. If we have the data for 9 years after PDP started, APC would look worse

Youthful exhuberance. Read and learn

predictor1:
Your ignorance was busted as usual. You are old and stupid.

airsaylongcome:


Under PDP, the devaluation was 671% in 16 years. Under APC, it's 779% in 8 years. What were you saying about percentages again?

You are lying. Show your workings.

DMerciful:
Youthful exhuberance. Read and learn

Go and sit down. You don't know anything, olodo.

Nothing to cheer

predictor1:
You are lying. Show your workings.

PDP (1999 to 215)
(216-28) / 28 = 6.71

APC (2015 to 2024)
(1900-216) / 216 = 7.79

predictor1:
He said you should explain with proof. ABI we should just take your word for it?

Mr. Man, the naira is sill defended. The only difference now is that the CBN is selling directly to BDC's at a subsidized rate. That's why the black market rate is same with the official rate. And that's also why out foreign reserves has been depleting the past few days.

Losers obirodent miscreants will disagree as usual, all they want is bad news.

Ofunaofu:


N216 to a dollar where the APC met it as at 2015

A dollar had a normal range between 160 to 200 naira throughout PDP’s era. That was still worse.
Buhari pushed it to a new normal, then Tinubu, twice of Buhari’s.
Central Bank doing all their best to make naira look good. FG doing all her best to sap the country real good.
At the end of the day, they’re all clueless idiots in agbada doing everything possible to take the country nowhere if not backwards.

Anybody wey quote me go carry pile.

Another thing,you look into is achievement pdp n apc
No infrastructure achievement for pdp in 16yrs

Lizzysamuel:



216-28 that's 188 difference.

1200-216 that's how much Agbadorian?
I don't even want to mention the 1950 ATH you guys took it too.

You dey mind that one? And they claim being educated?

LegendHero:


PDP met it at N28 in 1999. Why did they left it at N216?

Ehhh!
Come back and correct your grandma sorry grammar.

Go and sell your dollars oo. My brother,with first hand information that I got today,if you have dollars go and sell it. Because by June this year, you will cry inside a bucket

gabbasin:
it was N89 to a dollar when Obasanjo take over in 1999

That was black market. Official market was 22 naira.

Haaland21:


No more padding
No more subsidy...

Emergency lovers of Nigeria are ashamed.

You're the real emergency lover of Nigeria (since 2015)

Tinubu abeg suspend and sack that idiot minister of darkness and tribulation


Work more on the reduction of inflation of goods, support the SMEs, entrepreneurship, continue with the social investment and support learning of skills


Nigeria must succeed

LegendHero:


I showed you confirmed US government source link, you’re sharing some nobody post on Twitter.

I can also go on Twitter and post it is $1 = N2, will you now say it’s the truth?

https://1997-2001.state.gov/issues/economic/trade_reports/africa98/nigeria98.html

He is showing you black market rate then. What you posted was the official rate.

LegendHero:


PDP met it at N28 in 1999. Why did they left it at N216?

I don't think dollar to naira was N28 as at 1999.
See source below:
Abdul-Aziz Na'ibi Abubakar on X: "Dollar-Naira Exchange Rate from ... https://twitter.com/jrnaib2/status/1762127178450288784?lang=en

We are learned to verify before typing.

LegendHero:


PDP met it at N28 in 1999. Why did they left it at N216?

pdp increased it by less than 200 naira. why did apc increase by more than 1500?

olisaEze:


How old were you in '99?? Dollar exchanged for N88 not N28.

There is black market and official market. In years to come people would argue if dollar exchanged for 450 or 750 in 2022.

Lizzysamuel:


Imagine a supporter of "Na statistics we go chop" trying to score point with statistics. The joke is on you Agbadorian

Na you get time to answer those retarded dumbs. Even if we want to check it by percentage and not real numbers, theirs was about 1000% increment. Whereas, pdp's wasn't up to a thousand.

airsaylongcome:


PDP (1999 to 215)
(216-28) / 28 = 6.71

APC (2015 to 2024)
(1900-216) / 216 = 7.79

Weyrey, so your own dollar is #1900? I was wondering how he got his figures.

yad2eidi:
pdp increased it by less than 200 naira. why did apc increase by more than 1500?

You have to check the percentage and not absolute number. Hold dialogue like an educated entity abeg.

What 20 naira can do in 1999 is huge compared to what 20naira can do today.

The house you bought in 1960 in New York for $100k will be >million $ in 2024.

predictor1:
Weyrey, so your own dollar is #1900? I was wondering how he got his figures.

Don’t mind those guys. Only God know why they are using 1900 when the value today is less than 1200.

Lizzysamuel:



216-28 that's 188 difference.

1200-216 that's how much Agbadorian?
I don't even want to mention the 1950 ATH you guys took it too.

Werey that's how many % ?

Goodlady:

I don't think dollar to naira was N28 as at 1999.

Tell us how much is the official rate at 1999 with proof from legitimate sources.

I am waiting.

Long live His Excellency, President Bola Ahmed Tinubu (GCFR)