My dear, I know you are too foolish like Reno Omokri to understand it's not Bigkoko that accused Cardoso of defending Naira with the loans Bretton Woods Institutions gave Asiwaju. Just like the slowpoke Reno Omokri thought it was HE Peter Obi that said Tanzania has excessive electricity!

In case you didn't do Economics in school, market forces determine the rates of FX, not what patch patch CBN gov sells! If Patch patch didn't sell anything and there be inflow of billions of USD from foreigners seeking to import Akwa Ibom veggies, Naira will also immediately rally against the Dollars.

I also know you are not smart enough to know that patch patch CBN gov efforts to sell USD at predetermined rate amounts to what Economists call "Rate Fixing" and that's why Bloomberg called Cardoso out!

Rate Fixing made the worse performing currency to hit top 5, and that got world Economists searching for the magic Cardoso did, until they found the clueless nigga was simply selling Dollars at it own Fixed rate! Hahaha 🤣🤣🤣. More like a judge in your own Case!

The baba wey cook una brain for Asiwaju really try Sha! I believe na Kogi the baba come from!

When we tell una say to tief village drum no be problem, na to enjoy am in peace na where wahala dey!

Asiwaju should at least return rate to Buhari standard first before we know whether he fit do anything

PressMyButton:

You weren't aware CBN sold dollars last week at 1,201 to BDCs?. Then why did naira fall within a week after the sales, if truly they "defended" it according to your little brain?

PressMyButton:

Naira became the best performing currency in the world in three months and the market recorded one of the highest FPI in febuary and march. More tears pls!

Yes and seriously speaking, that was a mirage.

The thing is, we no get dollars in Boku amount, subsidy is still being paid, and we still import a lot of fuel, forex needs are high, and people are going to still hoard dollars.

Unless you have a way to earn more dollars for this country, that best performing currency is not sustainable at all.

Manufactured goods and services

Nyouth:
you can't defend naira for a long time, they paused that was why naira began to fail again, all those naira gains were all artificial, what don't you understand

Another illiterate, it's a waste of time cutting open your head and putting knowledge inside.

PressMyButton:

Which foreign media?, Bloomberg?, an Obidient writer?, what a joke. What was the breakdown analysis to back up his spurious claims?

Shut your dumb trap.
When did Bloomberg suddenly become Obidient and why did the CBN gov have to come out to explain the fall in reserves? It shows those you're defending don't even think like their followers.

PressMyButton:

BDCs have been in existence even before your father was born, if only banks could meet our needs, why was there a need to establish other financial institutions like microfinance and co?. Cardoso came in and repositioned BDCs from 5,000 to 1,580, flushed out illegal ones and make digital transactions compulsory and have them each open an account with CBN. How do you do away with a platform like that when deposit banks can't cater to all our needs.
How many Anambarians returned home when Obi was governor?, as we speak, why is a bag of rice costly in Anambra, what happened to Anambra rice?. We talking serious people, you're talking one Agulu fraud.

Your first paragraph made sense and was a bit thoughtful and then suddenly u veered off into ever present dark tribal nonsense in ur DNA

nairalanda1:


Yes and seriously speaking, that was a mirage.

The thing is, we no get dollars in Boku amount, subsidy is still being paid, and we still import a lot of fuel, forex needs are high, and people are going to still hoard dollars.

Unless you have a way to earn more dollars for this country, that best performing currency is not sustainable at all.

Manufactured goods and services

Now I have a well informed individual

Kukutenla:

Shut your dumb trap.
When did Bloomberg suddenly become Obidient and why did the CBN gov have to come out to explain the fall in reserves? It shows those you're defending don't even think Lyne fit their followers.

The writer of that unfounded article was an Obidient, a staunch one at that, he was bursted big time and his intention of writing the pile of lies was exposed.

PressMyButton:

For non-oil export, is Nigeria not exporting agric produce, mined mineral resources?. Demand for dollar and dollar speculators are the mjor issues. There's no propaganda here, we recorded one of the highest foreign portfolio inflows in Febuary and March.

He said quantum leap , that’s not too difficult to grasp common people

In simple terms, Cardoso is now been seen as a rate fixer. That's why he quickly came out to explain. Any data he pushes out will be questioned well well.....

Kukutenla:

Shut your dumb trap.
When did Bloomberg suddenly become Obidient and why did the CBN gov have to come out to explain the fall in reserves? It shows those you're defending don't even think Lyne fit their followers.

mightyhazel:
Honestly I don't really care about obi..

I voted him because he was much Berra than the pack that was being paraded

You don't care about Obi but you voted for him, Lol. See sense o.. i am used to it anyways.

PressMyButton:
If CBN is defending naira, how come it is falling now?. Is the foreign reserves exhausted?
Majority of Obidients need Education and deliverance from the demon of bitterness.

Ironic right.

That's why they are called the headless mob aka anywhere belle face.

Mindlog:


Containers/or daily flights of what agric produce and countries of destination?

Are you fighting with Google?, if you don't know we export Agric produce, how can i help you?. Why is Okonjo Iweala asking us to improve on our packaging to meet international standards if we ain't exporting?. Maybe you're less than 13yrs.

PressMyButton:

Are you fighting with Google?, if you don't know we export Agric produce, how can i help you?. Why is Okonjo Iweala asking us to improve on our packaging to meet international standards if we ain't exporting?. Maybe you're less than 13yrs.

We do export, but as things stand, oil is about 80% of our export revenue/income

Forkthiefnubu:

Crap, you are a tyrant and power drunk , economist or even keen observers have said that and does that make them unpatriotic? If these were the days of Goodluck Jonathan u wud have said worse and strut around feeling superior and does that make u unpatriotic, you are not for Nigeria suddenly because of patriotism but because ur tribesman is in power nothing else , so all of the ppl that resist Abacha are unpatriotic? Abacha was a hero to some ppl mind you

Jonathan inherited healthy reserves from OBJ and enjoyed the highest oil revenue era yet delivered very little.

DMerciful:
We told people to hold their dollars closer. We're still insisting on that.

Cardoso has patch patch CV

Then you'd later deny you're not jubilating.

Beautifulday:


Every serious country defend their currency forget online noise.

China ban crypto to defend their currency before other countries begin get Sense

Regulation is different from defending. US has recommended 3yr jail term for Binance founder.

PressMyButton:

Are you fighting with Google?, if you don't know we export Agric produce, how can i help you?. Why is Okonjo Iweala asking us to improve on our packaging to meet international standards if we ain't exporting?. Maybe you're less than 13yrs.

I am 7 years old!

Kukutenla:

And what is the effect on the economy according to your understanding?

Until you give me the breakdown analysis of how naira was defended according to Bloomberg.

Tinubu's incompetence does not depend on my mood, does it?

PressMyButton:

Then you'd later deny you're not jubilating.

BigkokoRep:
From the people who has respect and humility.... Even a church GO, a law Prof & a literature Prof were all part and parcel of the Rot they enthroned!

See am. From people wey get respect. Even the wife was not spared. Anyway, what do I know.

The people need to be in a mass reorientation camp for their politics and way of life is so so so tribal , everything is viewed via a tribal lens , interpersonal relationships is conducted with jaundice tribalism

PressMyButton:

Jonathan inherited healthy reserves from OBJ and enjoyed the highest oil revenue era yet delivered very little.

Gej inherited his whatever he inherited from yardua and not OBJ Offcos it have to glorify your tribesman , ahhh these people there is no hope

nairalanda1:


Yes and seriously speaking, that was a mirage.

The thing is, we no get dollars in Boku amount, subsidy is still being paid, and we still import a lot of fuel, forex needs are high, and people are going to still hoard dollars.

Unless you have a way to earn more dollars for this country, that best performing currency is not sustainable at all.

Manufactured goods and services

FPI is a mirage?, you are clowning. Diesel import is going lower since Dangote started producing, fuel will follow when he starts producing and local refineries do too which translates to more reserves.

Forkthiefnubu:

Your first paragraph made sense and was a bit thoughtful and then suddenly u veered off into ever present dark tribal nonsense in ur DNA

What's tribal in my reply to him?, was he not on attack mode same as you?

BigkokoRep:
In simple terms, Cardoso is now been seen as a rate fixer. That's why he quickly came out to explain. Any data he pushes out will be questioned well well.....

And at what rate did he fix?. We all know the rate Emefiele pegged the naira, tell us that of Cardoso.

Mindlog:

I am 7 years old!

You sound like it, face your studies and give mummy back the phone.

Forkthiefnubu:

Gej inherited his whatever he inherited from yardua and not OBJ Offcos it have to glorify your tribesman , ahhh these people there is no hope

How many years had Yaradua?

PressMyButton:

FPI is a mirage?, you are clowning. Diesel import is going lower since Dangote started producing, fuel will follow when he starts producing and local refineries do too which translates to more reserves.

(I am going to have to ask you to forget politics, tinubu vs obi, atiku, for a few minutes).

Sure, we are going to have ;some improvement' once all that happens, but naira is not going to go below 900 per dollar unless we are earning more and more dollars.

Short term, that means we got to regulate mining, and improve agriculture...especially agric. Less than 20% of our agric is mechanized, and if we want gains from agric, we need large scale mechanized farming. Then we need to really regulate our mining (which means we may have to fight some brutal wars in Zamfara for instance).

Long term, we need to be exporting industrial product. Not just refined product...industrial product...because countries with strong currencies do that. Not this oil we are relying on.

That's why naira becoming stronger is a mirage. It is the same story whoever takes over. The naira is hooked up to oil prices. Get it off oil, then we have some optimism.

Better forget about politics, make I remind you.

DMerciful:
Tinubu's incompetence does not depend on my mood, does it?

Your bitter level has jumped high since May 29.

PressMyButton:

You sound like it, face your studies and give mummy back the phone.

You are my "studies", u no know my main hustle.

You have no point.

Tinubu is failing and no amount of propaganda or blackmail can change this fact.

Master strategist with no strategy

PressMyButton:

Your bitter level has jumped high since May 29.

PressMyButton:
If CBN is defending naira, how come it is falling now?. Is the foreign reserves exhausted?
Majority of Obidients need Education and deliverance from the demon of bitterness.

This demon must be stubborn. This type goes not out but by repeated performances by The Jagaban!😅

PressMyButton:

The writer of that unfounded article was an Obidient, a staunch one at that, he was bursted big time and his intention of writing the pile of lies was exposed.

That's a lie. The writer is not an Obidient. You guys just go about swallowing every propaganda from your puppeteers in APC