₦airaland Forum

leokid866:
we are productive....60-80 of our imports and foreign exchange spend has been on oil products....now we've moved from import to export leaving us with excess cash.....also Nigeria has returned to the sale of Bonds in Fx with the last Eurobond of 2 billion dollars been oversubscribed and bringing in 9 billion dollars.....that's why our reserves have increased from 34 billion dollars early in the year to 40.2 billion dollars now and us expected to close the year at 42 billion dollars and expected to rise to 45 billion in the first quarter of 2025......

Is the Eurobond the reason for rising reserve?
Reserves already hit 40bn before the Eurobond
How did a $2.2bn bond bring in $9bn

PressMyButton:
olodo, prostrate and beg me first

Just say you don't know
You're not the first zombie mouthing ignorantly

PressMyButton:
Even when Dangote refinery came on board, naira did not appreciate. Give credit where it is due, the new digital platform Cardoso created has turned things around. Stop downplaying every positive news, it's a sign of sickness.

Nonsense. Until it is sustained for 2 months, n wash be this....

Due to crypto and other factors. Dollar is going under.

SalamRushdie:
I just had a vision that you mum hasn't eaten properly in weeks , abeg send her something today 🙏🏿

Is this how you cope with frustration cum depression

It's already 1600 again

Yankee101:
News of 2 refineries should reduce the runaway depreciation

But it takes another policy somersault to revert back to 1900

It may come down fo 1,200 by December 2025 with more refineries coming on board.

PressMyButton:
Even when Dangote refinery came on board, naira did not appreciate. Give credit where it is due, the new digital platform Cardoso created has turned things around. Stop downplaying every positive news, it's a sign of sickness.

what digital platform are u talking about?

So price has gone so high that importers don give up their business abi is that ijgb are messing up with the supply of the Dollar

Make I rush go buy dollar. I know by dis time tomorrow e go reach 1800

How does it positively affect the common man on the street?

Dollar wey don go back to 1650 this morning. Sending money down to Nigeria this morning, I exchange through app for 1650 compare to 1540 of yesterday. So it’s going back to factory reset which is 1740 or even 1800 as Xmas don reach so

It’s normal during festive periods especially Xmas because a lot of pple re coming back will dollars, wait for January when they will go back, dnt mind apc that will tell u the drugies economuc refirms re working

PressMyButton:
Respect to Jagaban, he knows how to assemble the best brains, as Governor and now as President. Anywhere that's difficult to enter, just leave it for Tinubu, that's where he likes to dismantle into pieces.

After God, na Tinubu 💪 God bless Nigeria.

There is something fundamentally wrong with you people. So #350 to #1500 is what a first class brain from Yoruba land can achieve? Tufiakwa unu

PressMyButton:
This village dweller doesn't understand the meaning of a digital platform. Manual intervention and manipulations is gone.

They are educated illiterates who have refused to learn new innovation. Tinubu no be your papa mate.😂😂
After God, Na Tinubu 💪💪😂😂

PressMyButton:
Respect to Jagaban, he knows how to assemble the best brains, as Governor and now as President. Anywhere that's difficult to enter, just leave it for Tinubu, that's where he likes to dismantle into pieces.

After God, na Tinubu 💪 God bless Nigeria.

who are the "best brains" tinubu assembles as governor?

who are the "best brains" he assembled as president?

what have these "best brains" achieved for Lagos state and nigeria as a whole?

where is difficult that he entered?

jmoore:
Babablu bulabu.

Propaganda won't save you guys.

1,300 to 1,500 is appreciation?

Just keep your mouth shut. You are exposing your ignorance. Oponu ode

seunowa:
Just keep your mouth shut. You are exposing your ignorance. Oponu ode

Mumudeen.

Tinubu is working

SalamRushdie:
Someone that wrecked GDP from 300bn dollars to 190 bn dollars in one year ?

Someone that wrecked GDP per Capita form $2500 to $877 in just one year ?



Some that caused egg prices to jump from 2500 to 7000 Naira in one year ?

You say he knows how to assemble the best minds ? You are not ok 😅

Well for those wondering why the Naira gained here is the reason:

1 Diasporan have started arriving in droves for the Christmas festivities and they are all looking for Naira to spend so they are changing dollars .

2 : Diasporans that are not coming for Xmas have also started sending dollars to their loved ones so they can shop for Christmas early.

This is what is responsible for the Naira gain and not any Tinubu

Nah unah dey use mouth inflate price of commodities 😁

Where U dey buy egg 7000 for a create ??

U people will destroy the country with propaganda.

Always happy when it's negative news

JoeyNaza:
I can confirm this. Dollar fell a lot in the black market too.

Edit: No celebrate too much or praise Tinubu. My BDC guys explained that it's seasonal, as diaspora people are returning for the holidays, they are selling their FX in exchange for Naira, which is temporarily propping up naira value.

This is the real reason.

JoeyNaza:
I can confirm this. Dollar fell a lot in the black market too.

Edit: No celebrate too much or praise Tinubu. My BDC guys explained that it's seasonal, as diaspora people are returning for the holidays, they are selling their FX in exchange for Naira, which is temporarily propping up naira value.

You and your bdc don't know how to read: The introduction of EFEMS by the CBN appears to be driving transparency and efficiency in Nigeria’s forex market.

The platform, which consolidates all forex transactions into a single market, has now delivered gains for four consecutive days, further narrowing the disparity between the official and parallel market rates.

You think it is a coincidence? And how many abroad based guys in your area have arrived home for Christmas?

JoeyNaza:
I can confirm this. Dollar fell a lot in the black market too.

Edit: No celebrate too much or praise Tinubu. My BDC guys explained that it's seasonal, as diaspora people are returning for the holidays, they are selling their FX in exchange for Naira, which is temporarily propping up naira value.

Zz

Propaganda no Dey save government o

APC

Prom top to buttum

People go still buy "dip" and become millionaires in few weeks/months.

At N1500/$1, buy crypto/alts (especially Cardano or Solana) worth N2.5m, hold for a few weeks, and you might just make extra 1m for yourself.

The Nigerian economy will do two things due to its fragility: Make you or break you.

Exactly! Unfortunately we don't have sustainable policies in place that can improve on the gain at this period
our yoyo economy is pure joke

JoeyNaza:
I can confirm this. Dollar fell a lot in the black market too.

Edit: No celebrate too much or praise Tinubu. My BDC guys explained that it's seasonal, as diaspora people are returning for the holidays, they are selling their FX in exchange for Naira, which is temporarily propping up naira value.

Softmirror:
Now this is good news.

Hatred full your blood

JoeyNaza:
I can confirm this. Dollar fell a lot in the black market too.

Edit: No celebrate too much or praise Tinubu. My BDC guys explained that it's seasonal, as diaspora people are returning for the holidays, they are selling their FX in exchange for Naira, which is temporarily propping up naira value.

That's exactly what's going on but gullible people won't understand wait till the end of January and beginning of March let's see how it goes

SalamRushdie:
Someone that wrecked GDP from 300bn dollars to 190 bn dollars in one year ?

Someone that wrecked GDP per Capita form $2500 to $877 in just one year ?


Some that caused egg prices to jump from 2500 to 7000 Naira in one year ?

You say he knows how to assemble the best minds ? You are not ok 😅

Well for those wondering why the Naira gained here is the reason:

1 Diasporan have started arriving in droves for the Christmas festivities and they are all looking for Naira to spend so they are changing dollars .

2 : Diasporans that are not coming for Xmas have also started sending dollars to their loved ones so they can shop for Christmas early.

This is what is responsible for the Naira gain and not any Tinubu

You Dey explain to people when say ogun state IGR is bigger than USA?

jamafa:
Nah unah dey use mouth inflate price of commodities 😁

Where U dey buy egg 7000 for a create ??

U people will destroy the country with propaganda.

Always happy when it's negative news

I'm not supporting him as I'm going to quote him later and disagree with him on another point he made. But on the price of egg, jumbo is now N220 per egg, medium/small is N200 per one. I think you should multiply each price by 30 and tell us the answer. Tinubu has destroyed our economy

If it's rapid, then it's cosmetic