₦airaland Forum

CodeTemplar:
follow that n stop arguing prating senselessly

Parallel market drivers, Lol.

PressMyButton:
This happened at parallel market not official market. I thought the CBN is defending the naira, then why did it fall at the parralel market after defending it?

Nah Aboki be parallel market. CBN is defending the naira by selling to Aboki and putting a cap on how much they are to sell.

As it is 1100 naira now. If CBN sell to Aboki at 900 naira. Aboki is expected not make any profit above 50 naira.

Aboki price will continue to fall as CBN continue to sell lower to Aboki. That is the agreement with the new approved BDC.

Manufactured goods and services

Ghen ghen ,part wetin be this abeg

Lordsonn:
Foreign reserve is going down deeply. We all know why naira is depreciating now.
The next move is for the government to borrow billions of dollars to defend naira. This method cannot sustain for long. CBN has given out 2 billion dollars in less than two months to banks and BDCs to defend naira. This is sad.

This is the sad truth people don’t know. They keep on defending the government. They don’t know what will hit the Naira soon when the government will run out of fund to supervise the dollar: make I Dey here Dey laugh in waiting

"Enemies" are about to throw a party now... Just watch.

Angelfrost:
"Enemies" are about to throw a party now... Just watch.

why are you happy about the news?

So everything about Nigeria is now naira & dollar. Nobody is talking about unstable power supply, unemployment, insecurity etc anymore. To think that the effect of the naira & dollar noise is not even reflecting on the economy & prices of goods makes this whole thing a joke! What a country

We that don’t have Chicago certificate or any foreign certificates told him that removing subsidies and floating the naira at the same time was bad for our already weak economy. One at a time would have been better. Now they have gone back to defending the naira. Imagine all the sufferings on the masses that would have been avoided

keymatt:
They claimed naira is appreciating, ok if that is the case why is the price of fuel ⛽ and food 🍲 not reducing This agbadorian regime have serious questions to answer.

You dey ask why your fellow citizens they cheat you?

tnerro1:
We that don’t have Chicago certificate or any foreign certificates told him that removing subsidies and floating the naira at the same time was bad for our already weak economy. One at a time would have been better. Now they have gone back to defending the naira. Imagine all the sufferings on the masses that would have been avoided

Which weak economy, you still dey cry over last year’s actions by The FG?

greenermodels:
didn't you read where it said that the cbn is selling dollars to bureau de changes at indexed prices? I guess you don't even know that bureau de changes are the parallel markets and indexed prices means the prices are fixed artificially by the cbn.

Wanted to explain to him but you beat me to it, the problem is the block head will still not understand unless explained in his native language

Reserve dn dey finish o
Go into production una no go hear
U won't defend with reserves forever o

A little up and down variation is very normal.l hope it does not fall to a downward trend like we saw lately.lt is unfortunate, however, that Prices of basic commodities are still rising and not showing any signs of reducing.

Lordsonn:
Foreign reserve is going down deeply. We all know why naira is depreciating now.
The next move is for the government to borrow billions of dollars to defend naira. This method cannot sustain for long. CBN has given out 2 billion dollars in less than two months to banks and BDCs to defend naira. This is sad.

Tunubu simply did what he once accused Buhari and emefiele of( rescuing the naira with dollar). See how super clueless he is? As clueless as those supporting him.

Niok:
Reserve dn dey finish o
Go into production una no go hear
U won't defend with reserves forever o

You done go into production, who you dey refer to?

condensedmilk:
why are you happy about the news?

Happy??! How?!!

I'm always happy... Everywhere soft for my side.

I can't become happy when things go wrong in Nigeria, and I can't be sad either.

I don't waste emotions.

Eriokanmi:
Tunubu simply did what he once accused Buhari and emefiele of( rescuing the naira with dollar). See how super clueless he is? As clueless as those supporting him.

Na Tinubu make you poor abi?

favor914:
Which weak economy, you still dey cry over last year’s actions by The FG?

Last year actions that is still affecting people up till now, did you take strategic planning as a course in the university or you skipped school?

ogododo:
https://dailypost.ng/2024/04/17/naira-records-first-depreciation-against-dollar-in-months-amid-fx-reserves-decline/

stop all these false news, it's not worth celebrating yet. Let it drop to 800 where Buhari left it.

tollyboy5:
The reason why price of goods are not coming down is because you're buying from bitter Obi sellers.
Buy goods from normal Nigerians, you sef go bodija and buy your bag of rice.

U are funny. So all Nigerians live in Lagos

ogododo:
https://dailypost.ng/2024/04/17/naira-records-first-depreciation-against-dollar-in-months-amid-fx-reserves-decline/

E don start again

APC knows what they are doing. Throwing people into poverty and hunger is their hubby

favor914:
You done go into production, who you dey refer to?

I dey produce sperm

This is what the hatchet job by that Obi supporter that wrote tales and lies about the fx reserves dwindling and being used to defend the Naira has caused. Panic! They dont want to see Nigeria prosper so they can say oh whe told you. The theif from Agulu is the savior

Trustyourself:
E don start again

APC knows what they are doing. Throwing people into poverty and hunger is their hubby

Na APC put you inside poverty abi?

SpecialAdviser:
My problem in all these is that the prices of goods are not coming down. Agbadorians will be disturbing us with nye nye nye. yan yan yan

What a BAND F government. Worst in the history of Nigeria. Chai

Talking as if his kinsman can do better. The guy destroyed everything Anambra stand for in just 8 years and now with substandard bore hole, he is willing to rule Nigeria. We are not fools. We will surely show his shege banza again.

Niok:
I dey produce sperm

No wonder you dey complain.

Before the haters of Nigeria start jubilating, read the news properly o. The depreciation is as a result of decreased crude oil sales in March. This is normal in business as it's not everyday or monthly that you make huge sales or profit. There could be some dips in some months....

Nigeria shall be better..... I want it to be better....

tnerro1:
Last year actions that is still affecting people up till now, did you take strategic planning as a course in the university or you skipped school?

There are over 220 million people within the borders of the Federal Republic of Nigeria, including millions of lazy people, & Almijiris, If you like don’t go & find a way to prosper your life.

To some people, this is progress

Naira was ₦461 and ₦570 (Official and black market rate) this time last year

You came and scattered everything, same naira went to ₦1900+, you decided to return back to status quo by officially manipulating the market plus fixing rate. (Same thing others did before you came).

Now that you're trying to return to status quo, you're using the buy-out media to deceive the gullible into thinking you have done anything tangible.

The effects of your rash decisions can be seen on the streets. Everything still high as ever.

Even if Naira returns back to ₦461 or even ₦570, can bag of rice return to ₦32k?
Fuel to ₦269?

Until the average citizen can feed his or her household with minimum wage better than as it was before you came, you have done nothing.