₦airaland Forum

Hope it does but till then.

Gboom:
How do you measure economic activities if bank's data is not included or do you have your statistical tool to counter the bank's forecasts?

The same bankers that told y'all that if the Naira is floated it will settle at 550 Naira ? While some of us told y'all it will cross 1500 and we were vindicated

Heading to 2000

Dollar is currently 1650

So koyemi

In short… bring all ur dollars so we can buy n keep

SadiqBabaSani:
Fear mongering tactics, voodoo economics. AN Isoko man shud head the CBN

I agree with you.

cescky:
you never grasp wetin de happen?

seun has a lot of his bots and apc supporters on here....

think am very well, do you think sane people will type and encourage the suport the devil tinubu gets online if its not a job? and of course the owner of this forum is known sad bigot, make all of them continue, karma is lurking

As in ehn. Bots are just too much on this forum, I just can't fathom it. Are they under some sort of hypnosis

Biodun556:
God bless Tinubu

God bless Nigeria

Firstly bro I wish I wish an using smartphone atleast
Akpa amu gi
Nigeria is blessed already

false narratives these economic gOOrOOOz keep peddling.

what are we producing ?

lol, fake news with false reports !!!

Biodun556:
God bless Tinubu

God bless Nigeria

Firstly bro I wish I wish am using smartphone atleast
Akpa amu gi
Nigeria is blessed already

This s very commendable, for the first time we are getting this right. This is different from the old system that is analogue in nature and anyone can fix price the way they want. All abokis must have the same system as a operational requirements.

SeverusSnape:
As in ehn. Bots are just too much on this forum, I just can't fathom it. Are they under some sort of hypnosis

its hunger, but they will sell their own soul for 15k...they will even kill, so my prayer for them is may suffering be their portion always...of course nairaland is the most fertileground for them online, so they will be well acomodated here

nairalanda1:
Naira is never going to be strong.

The government should stop giving people false hope. The truth is, Nigeria's naira is dependent on how much money we make from oil, so if oil prices stay where they are, we can forget about a strong currency

Also , so long as tinubu borrows instead of relying more on taxation and on cleaning up the mess in our mining sector, forget about strong currency

Nothing to rejoice about. Lipstick on a pig still means it is a pig, not Miss World

You have a good point.

Please note that Tinubu tried to amend the tax structure just recently, but effort has been suspended by the Northern legislature and hierachy.

"Mess in the mining sector", which mining sector? Or you referring to oil bunkery?

If it's bunkery, he would step on the strongholds of the Nigerian military to clean up or stop it. It is actually complicated.

People are remitting money for Christmas spending and a monkey from the back was shouting God bless tinubu


I no understand

Is it that the economy is responding to an economic improvement strategy or a 2 weeks seasonal remittance

Nawaoo

Nah lie be this one jare. A $to #1200 is even way too bad. The signs are not showing in everyday life of the people as prices of food and other commodities are out of the peoples reach. What's the price of a liter of fuel and a kg of gass? What of the prices of garri, beans, rice and co? Lie lie govt. Tueh!

for where

Biodun556:
https://www.vanguardngr.com/2024/12/why-naira-is-in-massive-recovery-race-across-all-markets-by-bankers/

Even that is not a permanent solution.We export almost nothing br crude.i can bet my left balls naira will fall again by jan.right now demand is low as students in uk n foreign countries dont require forex rite now.also diaspora are flooding back home dor d christmas.

baba4thegehs:
Dollar is currently 1650

So koyemi

dem dey craze ni nah, just about 100 gain dem dey do cho cho cho everywhere 🤣

How ignorant...

The demand is low at this time cos many diasporians are coming home do they are selling their dollars and pounds for naira.

By January you all will understand

LegendHero:
They will need to take it back to $1= N5 naira for me personally to take Tinubu serious.

No Nigerian alive can take it to 200 naira ....

lilvicky68:
I dont see any gain in it hitting 1200

Price of basic needs is still rising.

The gain would come but it’s going to be a gradual one.

Products on sale now were bought or manufactured on high Dollar rate and no seller would want to sell at a loss.

If the rate remains for over 4 months, you can then start seeing the effect.

SalamRushdie:
That one na lie , no be bankers go tell us that one, once we see the signs of economic activity that cam take Naira to 1200 we will know and besides 1200 is still too much , for anyone to respect this government they have to take it to 400

That 400 you're asking is IMPOSSIBLE!
it's like trying to take btc back to 40k. It will be forever.

I don't think it will ever crash below 1000.

Sleekfingers:
No Nigerian alive can take it to 200 naira ....

Not even 1000

MrDoGood:
Not even 1000

I think that 1000 naira is still doable. ..

Paraman:
Adaobi rodents hate this kind of news

Always out-of-point

SalamRushdie:
That one na lie , no be bankers go tell us that one, once we see the signs of economic activity that cam take Naira to 1200 we will know and besides 1200 is still too much , for anyone to respect this government they have to take it to 400

Hope you are also doing your part

If naira to dollar appreciate to 1200 this month petrol prices need to come down a little bit petrol should be 650 naira per litter

SeverusSnape:
Shame no dey catch you!?

A currency that he met at less than 700 is being predicted to come down to 1200 from about 1600, and you're saying God should bless Thie'fnubu.
Zombies are ridiculously shameless.

Foreign exchange was being subsidized until Tinubu came in and removed FX subsidy. That na why naira went up from 700 to 1600 to a dollar.

SeverusSnape:
Shame no dey catch you!?
A currency that he met at less than 700 is being predicted to come down to 1200 from about 1600, and you're saying God should bless Thie'fnubu.
Zombies are ridiculously shameless.

When the currency was N700, it was artificially fixed with about $1.5 billion per monthly and that wasn't the true value. Basically, what we were doing was to subside imports at the detriment of local manufacturers.

That apparently isn’t sustainable. What you’re seeing now is the true value.

Understood?

Obaaderemi2:
#700 when they were borrowing money to defend it. There's a difference now

So how come our foreign debt is still in all times high despite saving money from subsidy??
Can’t you see you are how tribalism has clouded your brain??
So now we are not borrowing to defend naira and remove subsidy; where is the money saved??😁😂

RapistOnBail:
Foreign exchange was being subsidized until Tinubu came in and removed FX subsidy. That na why naira went up from 700 to 1600 to a dollar.

The subsidy was used to keep it at the then official rate of 450+ naira.

So when the they removed it the official rate supposed to be same and remain at same level of 750+

But these guys took the rate to almost 2000 naira 😭

That has been the reason why there has been unprecedented hardship and suffering.

The current rate supposed to be hovering around 700+ but for greedy and unpatriotic elements

bizbro:
Impossible. Every country imports something. If they can fix insecurity and fund agriculture heavily, Naira can bounce back, but will they?

I read/watched one Youtube vid where they said,
insecurity is not just a Nigerian problem, but an African one.
Why?
It is funded by Western nations.
Why?
To get Africans to run away from certain areas.
Those areas have mineral deposits.
Western people come, mine the minerals, take and go without any obstruction.
African governments know this and have been bribed.
Thats my they behave like oyibo slaves, always begging money from West, travelling overseas and doing anything western nations tell them.
This is why insecurity would likely never end in Africa/Nigeria.
White men keep finding value in our land. We cannot find value in.
They keep have machinery and economic processes to upgrade our minerals.
But NON of our Nigerian industries or processes is working .