₦airaland Forum

salem1996:
Only a brain-dead person will ever think otherwise bro.
Any serious CEO should be able to know that statistics are very important in making investments.
Yet, this man made eye-catching statements to his followers and they obey without scrutiny.

Is like a pilot about to fly a plane and believe knowledge about wheather is a waste

As in, like president like followers. Bigotry and tribalism are the bane of development in this country. A person is clearly unfit for leadership yet the people who claim to be literates voted him in. He publicly dismissed the necessity of variables that are extremely important for making informed decisions that heavily impact the economic and financial welfare of the nation, and his like followers cheered him on to destroy what is left of Buhari's eight years of presidential, administrative, executive and national disaster.

ogododo:
https://www.vanguardngr.com/2024/05/naira-down-to-n1525-in-parallel-market/

I wonder why CBN thinks keeping Bureau De Change in the system is necessary.

The quantum of jobs saved and tax payable by the various BDCs is not commensurate or preferable to the damage the unfavorable foreign exchange rate is doing to the country.

Hmmmmmm

iwaeda:
Cardoso is world class banker

that sounds like Agbero kind of name

Okortor:
Do we still have reserve as it stands?

Reserve wey Tinubu don empty since. Reserve is practically empty. What you're seeing from Tinubu is just the preamble. The man just dey start. If this man is not removed from Aso Rock many people go chop sand. Tinubu is easily the worst president Nigeria ever had.

There are PRACTICAL things Tinubu can do today to show seriousness about the economy which will improve confidence in the country/currency.

1. Encourage production for export:
Appoint adviser on export promotion or relocate staff of export promoting council to all clusters of industrial activity around the country, like Aba, Nnewi, Otta, etc. For the guy in Aba, mandate him or her to identify shoe makers, belts, bags, and manufacturers of all sorts of consumer goods. Give them very cheap loans or grants and mandate them to mass produce whatever they can produce.
Convert PH port to primary export terminal to West Africa and flood cheap Aba made goods along the entire west African coast. You will support and create thousands of jobs while earning foreign exchange.

2. Adopt made in Nigeria first policy for all government purchases.
Ban purchase of foreign cars and other items by govt, unless where Nigeria alternative is unavailable. Give Innoson, Nord, etc easy access to capital and encourage them to set up new plants across Nigeria. Work with banks to set up car financing schemes so that Nigerians can purchase brand new made in Nigeria cars and pay in instalments. I change my car in the UK every three years because car finance is readily available.

3. Communicate plan for fixing our power conundrum.
Why is Nigeria about the only country in the whole of Africa that cannot provide electricity for her people? Let's start by explaining why that's the case and how to get out of it. Hardly any Nigerian can tell you why we are in this situation.

4. Demonstrate commitment to farming
Let us see president Tinubu physically inspecting farms all over Nigeria. Tell us how many hectares of land we have cultivated for yam, tomatoes, cassava, etc this year compared to last year and how you plan to ramp it up in the coming years. Tell us how you plan to make sure that farmers are safe in their farms. Let's us see the army confronting herdsmen and making sure that villagers are safe in their homes.

These are PRACTICAL steps you need to take to demonstrate seriousness. Fiddling with interest rate or chasing aboki up and down will not make the value of Naira to appreciate. Never!

Tapswap don flood money commot for bank

CuriousCart:
So where's the Naira float?
Tinubu is a scammer.

The naira is still floating in the air, as soon as it comes down the dollar will crash automatically. Dollar will soon crash to 450naira soon...😀😀😀😀😀

Buy dollar now once Tinibu finished his one year celebration the price of everything will skyrocket.

Gbadugbakun:
Shebi Tinubu said he has stopped the bleeding. Which one con be this one na.n😒

The tissue paper they used has soaked...

CaptainJune:
As in, like president like followers. Bigotry and tribalism are the bane of development in this country. A person is clearly unfit for leadership yet the people who claim to be literates voted him in. He publicly dismissed the necessity of variables that are extremely important for making informed decisions that heavily impact the economic and financial welfare of the nation, and his like followers cheered him on to destroy what is left of Buhari's eight years of presidential, administrative, executive and national disaster.

I have often said it and will continue to say it, that Tinubu's next election as president will only be sure for one reason; we have too many fools masquerading among us.

I don't understand. Why such large difference when floating the currency?

Kobicove:
I don't like seeing this type of news on front page, it causes unnecessary panic

Playing the Ostrich will not save you. Is there not a cause? It's wickedness to wish to keep the true state of things in Nigeria secret. People are dying from hunger, it should be shouted from the rooftop.

Gbadugbakun:
Shebi Tinubu said he has stopped the bleeding. Which one con be this one na.n😒

This one na Menstrual flow

Kobicove:
I don't like seeing this type of news on front page, it causes unnecessary panic

But you love lies.

Donaldoni:
Where is the NSA?

This kind of news should not make front page?

The parallel market follows the official market.

By the way, the rate is NGN1,486 on BYBIT.

Piiiiggs can go and die

Lol. Too funny.

Naria is never floated. Why banning Binance if it is floated?? Poor economy can't float it currency like the advance economy countries do. U don't have enough dollars reserves to manipulate it in your favour. Go and see what the Japanese re doing with their currency, is almost 150 yen to p1 dollar. But thy knows how to manipulate it in their favour. Japan have up to pp2 trillion dollars reserved. Apart from their trading business.

Bizibi:
The free float is not working,go back to the system of keeping the naira healthy.

Everlastingson:
Playing the Ostrich will not save you. Is there not a cause? It's wickedness to wish to keep the true state of things in Nigeria secret. People are dying from hunger, it should be shouted from the rooftop.

Oya make una dey shout am from roof top dey go so that once traders see it they will start adjusting upwards the prices of old stock they bought at old price; in the end it's poor people and salary earners like you that will suffer for it!

If dollar like make e reach 5K I will continue to eat 3 square meals each day because I already have solid assets and profitable businesses I'm running

...because it is the defacto currency. If Tinubu had any common sense like Buhari, he would have first restructured the economy to remove the dependence on USD via monetary policies and regulations before devaluing the naira.

Curious345:
Good ...it's only in Nigeria that people worry about the dollar like it's their national currency .

I want to See or hear those Hooligans WHO always want to stand on Bola Tinubu's Mandate .
Just one year, Tinubu destroyed everything the past Presidents built for years

You get sense
The fool devalued the naira withiut understanding the consequence. He thought everything wil just wotk like magic as he stole Lagos blindly without resistance. Fake accountant/strategist my foot.

SunMusk:
Naria is never floated. Why banning Binance if it is floated?? Poor economy can't float it currency like the advance economy countries do. U don't have enough dollars reserves to manipulate it in your favour. Go and see what the Japanese re doing with their currency, is almost 150 yen to p1 dollar. But thy knows how to manipulate it in their favour. Japan have up to pp2 trillion dollars reserved. Apart from their trading business.

Amayabor1:
Who do they blame and arrest this time?

Musicians, they will soon start arresting burna boy , Davido and Wizkid etc

..It is better to keep quiet to make people think you are a fool than to speak out and remove all doubt that you are indeed, an idiot" .....Abraham Lincoln

Kobicove:
Oya make una dey shout am from roof top dey go so that once traders see it they will start adjusting upwards the prices of old stock they bought at old price; in the end it's poor people and salary earners like you that will suffer for it!

If dollar like make e reach 5K I will continue to eat 3 square meals each day because I already have solid assets and profitable businesses I'm running

iwaeda:
Cardoso is world class banker

Person wey suppose to dey carry bag upandan dey collect Ajo na im una use do CBN Governor,play play Country 😁.

Amayabor1:
Who do they blame and arrest this time?

Alibaba and aliexpress. They have taking there anger and ignorance to that side. I am seeing strange things that way. Our suffer still dey grade 1 by the time it graduates to grade six, all head go correct.

salem1996:
I have often said it and will continue to say it, that Tinubu's next election as president will only be sure for one reason; we have too many fools masquerading among us.

He is going to win again using the same electoral criminality he used.

Forget about voting,after the voting him people go run am for am.

May it remain that way till 7th January

Don't worry, bros and sisters, Ebola Th1efnubu is working, everything is going exactly according to his plan. I would not be surprised if they introduce a subsidy on, erm... controlled substances tomorrow.

I dectitate dis to FEEL IT by Davido

xukwaa:
Which administration have ever done it better? Same complain every tenure. How long will you keep complaining? Recommend solutions if at all you have one.

Did you read and understand what you quoted, because therein lie solutions, keep voting dummies base on tribe and not substance and watch the economy nosedive, Abiola was voted for across all tribes base on substance.

If this thing no enter #750 lasss, will CBN , and LIe, lie govt at the centre stop disturbing our focus

The other thread where it strengthen to 1300/$ is still in front page, just about few hours, it went back to 1500/$.


This country is a joke...