₦airaland Forum

mrvitalis:
You schooled who? Lmao abeg don't have time for agbado people abeg

first, I am not agbado people, I don't even come from the West.
I would have schooled you again on my ethnicity?
But I'll pass, I've schooled you enough, I don't want ur brain to be saturated with too much knowledge in a day

Wainey:
OP, do u update the thread daily?

whenever I see change in the new rate i update

Putindbutt:
Who is this illiterate?, what do you mean by "selling off"?. Government is even earning more as we speak through market liquidity.

Bros.... Y re u speaking this big big English for who no go school 😁🤣

Biodun556:
whenever I see change in the new rate i update

What's the latest exchange rate?

Wainey:
CBN said they are not using the reserve. This is determined by the market.

This is Nigeria where u shouldn't take all the govt says hook, line and sinker.. for instance d govt recently said there has been no subsidy AT ALL for the past 1 yr which from simple arithmetic ratios u can conclude is a black lie.
CBN has been supplying dollars through BDCs and much more through the banks! It would be naive for u to think the only cause for a N750 fall in d usd in 1 month is only banning binance or releasing paltry $60M/wk to BDCs

being:
This is Nigeria where u shouldn't take all the govt says hook, line and sinker.. for instance d govt recently said there has been no subsidy AT ALL for the past 1 yr which from simple arithmetic ratios u can conclude is a black lie.
CBN has been supplying dollars through BDCs and much more through the banks! It would be naive for u to think the only cause for a N750 fall in d usd in 1 month is only banning binance or releasing paltry $60M/wk to BDCs

if you understand the economics with exchange rate, you will know that the govt has float the naira.
If they are defending the naira, it would have been around 1$ to N300 and the dollar will be fixed just like it was during past administrations

Putindbutt:
Who is this illiterate?, what do you mean by "selling off"?. Government is even earning more as we speak through market liquidity.

Pardon him.
That is the sad news being shared in their PhD (pull him down) whatsapp group.

N

Biodun556:
N

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