Emefiele's policy of defending the naira with reserves

Let banks be in charge of our fx. Bdcs are too unregulated and corrupt now

Good one

Hahahaha. If you like bring 2 billion dollars. Those looting naira will keep mopping all the dollars, when CBN eventually gets tired of injecting $$ from foreign reserve our eyes go clear.

This their strategy is fading away already . They will soon Strom the street to start arresting abokis and clamping down on some crypto exchanges again. .

Stop playing

leokid866:
I have asked you to enter street na.....go ask Aboki for this ......

Can they mop all the dollars Nigeria earn from crude trade ?!

1x2x3:
Hahahaha. If you like bring 2 billion dollars. Those looting naira will keep mopping all the dollars, when CBN eventually gets tired of injecting $$ from foreign reserve our eyes go clear.

Everyone is saying bring it down to 700. Ask them to reduce fuel prices and taxes. The dollar is just a fraction of our problem. But fuel subsidy removal

clems88:
This their strategy is fading away already . They will soon Strom the street to start arresting abokis and clamping down on some crypto exchanges again. .

e don cast already.

They released circular yesterday

Today price increased even further

nawaforyouo:


e don cast already.

They released circular yesterday

Today price increased even further

let them be deceiving themselves

Omo Tinubu is hell bent in squandering the foreign reserve, we are finished

leokid866:
why you lying 🤥......

Why not go to any Aboki and confirm?

leokid866:
stop pasting lies....black market is below 1k.....even aboki fx wey dey lie no quote 1270......you better go and sell your dollars cause you are only lieing to yourself

Black market is actually 12 something ooo

Tinubu will end up being the best president Nigeria ever had.

alizma:

Lol, you don't understand the market, at times, the margin can be just 5 Naira

it use to be 3 naira margin before buhari happen

All these dollar story should sttart affecting fuel price biko..... if not they shld let us hear word,

leokid866:
stop pasting lies....black market is below 1k.....even aboki fx wey dey lie no quote 1270......you better go and sell your dollars cause you are only lieing to yourself

He is not telling lies
Black market is currently N1300

nawaforyouo:




https://www.nairablackmarket.com/page/Black-market-exchange%20rates

u are wasting your time on person wey never touch dollars before in his miserable life

1x2x3:
Hahahaha. If you like bring 2 billion dollars. Those looting naira will keep mopping all the dollars, when CBN eventually gets tired of injecting $$ from foreign reserve our eyes go clear.

That is why they call you headless mob....
The issue of defending the naira has long been clarified even by the cbn governor...

But you can't understand.

omoredia:
What purpose is these BDC to our economy that Tinubu has taken as number one priority. They are a leech on our fx

They are easy to access than banks, Nigeria are just used to them,CBN try to deal without them but is not possible thst is why he have to register them

clems88:
let them be deceiving themselves

Ipob miscreant would wail tire...

Keep your dollars till it gets to 400 naira per one USD..

tiswell:
Return dollar to N600 where you met it,simple.



All these back and forth

floating the naira just to come back and start defending it is very useless idea

The economy is not stupid, the Lagos boys can never go against the law of economics. you can only defend your currency for a short time while you put your house in order. the fundamentals of the economy is stagnant so where is the appreciation of the naira coming from? We have to swallow the bitter pill , restructure the economy from consumption to producing , bloated government, etc, definitely this voodoo economics will collapse because it is just pyramid scheme.

Even if na POS sef.

Namaster:
Funny if true.

The idea that a Nigerian will be satisfied with ORDINARY #15 profit.

abc115:


https://tribuneonlineng.com/cbn-sells-fresh-dollars-to-bdcs-at-n1021/

This policy of dictating the rates bdc are to sell may not last long ,. The rich ,elites and politicians will just be buying all these cheap dollars

helinues:


Our time to jubilate

Chai, why are all the bad news fading away for you guys to celebrate now

who is this slowpoke always defending politicians in the name of being patriotic

It always disgust me whenever i see your disgracing comments.

nawaforyouo:


as in ehn

The outcome of last week has already washed down the potency of this move (News about depleting reserves and all)


Imagine, this came out yesterday, but had no affect on today's rate. WTF?!

Black market now at 1270

CBN messed up big time. They should not have rushed this Naira appreciation strategy. They had all in their favor, yet they messed up!

Cordoso can't be running his mouth any how. It can easily wash the good deeds away

lastmessenger:
floating the naira just to come back and start defending it is very useless idea

Makes no sense

ifyain:
The economy is not stupid, the Lagos boys can never go against the law of economics. you can only defend your currency for a short time while you put your house in order. the fundamentals of the economy is stagnant so where is the appreciation of the naira coming from? We have to swallow the bitter pill , restructure the economy from consumption to producing , bloated government, etc, definitely this voodoo economics will collapse because it is just pyramid scheme.

Exactly my thought , those who are mopping up all these cheap dollars will be the only ones defending this policy. But for how long will CBn continue selling these cheap rates at the expense of our external reserve

ifyain:
The economy is not stupid, the Lagos boys can never go against the law of economics. you can only defend your currency for a short time while you put your house in order. the fundamentals of the economy is stagnant so where is the appreciation of the naira coming from? We have to swallow the bitter pill , restructure the economy from consumption to producing , bloated government, etc, definitely this voodoo economics will collapse because it is just pyramid scheme.

You talk a lot of sense get your house in order ...stop blatant corruption ..stop our love for dollars ..shift to a production led economy

Krankhead:
Most Nigerians youth are very Lazy. All I hear on this forum everyday is DOLLAR DOLLAR and DOLLAR. Even people that doesn't have anything to with dollar will just be talking about it instead of them to go out and do better things. Even the Americans don't talk about Dollar the way Nigerians talked about it everyday. They only measure the performance of the govt with only DOLLAR everyday
Bad news about Dollar everyday to bring the country down.
Have positive thinking about your country. You don't have any other country

na Nigerians go think and bring the good news? Who devalued the currency and increased price of fuel? Abegi!

Govt left the very important priority that will change the Nigerian economy and are chasing shadow. You can't achieve anything in Nigeria when the cost of production, which is fuel and power is on the high side. It will fail woefully.

For manufacturers to make profit, they need cheap and stable power, raw materials etc.