₦airaland Forum

What did CBN actually fixed? By pushing greater population of Nigerians into dire poverty with their forex malady, with the so called stability that's at extraordinary high price currently tormenting Nigerian masses...

Why is the reserve going down then?

Another is, is the inflow of forex sustainable(i.e not yahoo driven)?

I give sure games,chat me up on Whatsapp
Chat me now

A country where mechanical engr operates in the Bank,..
Just be clapping for them in their actions

eskuvoisrael:
I give sure games,chat me up on Whatsapp
Chat me now

A country where mechanical engr operates in the Bank,..
Just be clapping for them in their actions

if you truly make such money, pay for legit nairaland ads.

Cadoso is doing a great job as CBN governor but can't say that for Tinubu atleast for now because he met it at 200+

lithiumnigeria:
At the expense of our Foreign Reserves

Nigeria's foreign reserves has been at an all time high since 4years

After hitting 40b

dalongjnr:
Ok,I'm not impressed.

Its your personal problem.

This people know how to manipulate Nigerians.
they took Dollar from 400/500 to almost 2,000, they issue yeye circular and brought it down to 1,500 una don start de clap.
make them bring am down to 300 or at least 400 where they met it to earn my accolades

TimeManager:
I agreed 200%, the challenges he handles could age you 50years faster but he proved to be up to the task. God bless Cardoso, God bless Tinubu, the talent hunter.


-Kiss the truth!

Cardoso and Tinubu have not done anything meaningful, they just caused acute hunger and starvation wrecking our once thriving economy, exchange rate from 650 to 1500 in a year plus

1500 and you dey talk rubbish 🗑, outa here.

The major factor that contributed to ease of this disparity is the ease in request for dollars for fuel importation.. before now, those guys put alot of pressure on the dollar.. though the pressure is still there but by only a few players in the industry.. Dangote still has to convert his Naira sales to Dollars.. but we no longer have a situation where every Tom Dick and Harry are looking for Dollars.

Tho Politicians esp state governors are still converting loots to Dollars on a monthly basis after FAAC sharing. All those illegal conversions are done at outrageous amount..

Ma just the refinery and selling to dangote in naira. Imagine almost arguing to buy crude in dollar in your own country..cbn do not have any credit to take here..

steveodo:
This people know how to manipulate Nigerians.
they took Dollar from 400/500 to almost 2,000, they issue yeye circular and brought it down to 1,500 una don start de clap.
make them bring am down to 300 or at least 400 where they met it to earn my accolades

This country called nigeria is very very stupid n stupid citizens.

jocelynor:
U are quick to insult, but wen d insult start u go begin call admin

Who's this one?, be like say your eyes don dirty.

Putindbutt:
Who's this one?, be like say your eyes don dirty.

I only get one account here wait make I try open another one

Just a friendly reminder

9jatriot:
If there is one single proof that this analysis is majorly true is that the parallel market rate and the official rate are almost the same, so no more incentive for CBN and bank staff to do arbitrage.

As for enemies of progress who always want to water down any achievement of CBN, I know they will have one more excuse to give in a failed attempt to downplay this great news.

During December they told us it was because diaspora were sending forex to their families, in February they said it was because China has gone on their New Year holiday, maybe in March it will be cause Ukraine is on holiday also.

Modified:
One of the naysayers has already postposed the date to end of month while I was still typing this. They never get tired.

And yet the best that tribe of chestbeaters could offer as CBN governor in the 21st century was emefi-ole

Fetula4u:
lol

Wait till next month

Na I think he's right.... Because everyone was waiting for peak period..... January to March for it to climb to 2000 but nothing materialized.... So to me the CBN has done well so far

Your 216 to $1 cost us over $16bn every year with nothing to really show for it other than more exposure...

Ojuntana:
216 to $1 was an abomination in 2015
1500 to $1 is a great achievement in 2025
Just ten years!! Mouth don change
Agbado logic can't make sense

eskuvoisrael:
I give sure games,chat me up on Whatsapp
Chat me now

sure games at ur age, can't you find something meaningful to do with ur life other than drowning in gambling

Fetula4u:
lol

Wait till next month

You go wait taya.
They never finish Chinese new year?

Ojuntana:
216 to $1 was an abomination in 2015
1500 to $1 is a great achievement in 2025
Just ten years!! Mouth don change
Agbado logic can't make sense

How much was USD in 2005?
How much was it in 2015?

That is why you yamree pigs will forever be servants to other people.

tunjijones:
Even Buhari weak and incompetent leave the exchange rate at around 750. He reach T-pain turn he dey celebrate 1500.

I never believed that any other government cld be as useless and directional less as Buhari govt. T-pain we don see your hand o.

Do you know how much dollars Buhari borrowed to defend and maintain the exchange rate at 750? When the government make little achievements, give them their flowers and then encourage them to do more and not this destructive criticism.

integrity16:
Do you know how much dollars Buhari borrowed to defend and maintain the exchange rate at 750? When the government make little achievements, give them their flowers and then encourage them to do more and not this destructive criticism.

Bros calm down,you really want me to celebrate dollar at 1500. Really

Less than 10 years same dollar was 200 or thereabout.

Yet we still cannot make international online purchases using our debit cards.

tunjijones:
Even Buhari weak and incompetent leave the exchange rate at around 750. He reach T-pain turn he dey celebrate 1500.

I never believed that any other government cld be as useless and directional less as Buhari govt. T-pain we don see your hand o.

Cos they are no longer paying dollars to peg it

tunjijones:
Bros calm down,you really want me to celebrate dollar at 1500. Really

Less than 10 years same dollar was 200 or thereabout.

Oga, leave 10 years ago. Was babangida not the reason why Nigeria's economy started nosediving with his yeye Structural Adjustments Programmed (SAP) when he was at the helm of affairs then?

The decision by Tinubu to float the naira was to allow it find it's true value, though it was tough on every Nigerian but now we can see the naira rebounding step by step. So please let's give it time.

zero8zero:
Cardoso, man of the year.

If not that many of you are not okay , someone met the naira at 700 and under his watch the Naira devalued by over 150 Percent within months , over saw a failed bank capitalization exercise and yet you say he is man of the year ? GTFOH

integrity16:
Oga, leave 10 years ago. Was babangida not the reason why Nigeria's economy started nosediving with his yeye Structural Adjustments Programmed (SAP) when he was at the helm of affairs then?

The decision by Tinubu to float the naira was to allow it find it's true value, though it was tough on every Nigerian but now we can see the naira rebounding step by step. So please let's give it time.

So tell us the true value of the Naira now ?

Kelklein:
The major factor that contributed to ease of this disparity is the ease in request for dollars for fuel importation.. before now, those guys put alot of pressure on the dollar.. though the pressure is still there but by only a few players in the industry.. Dangote still has to convert his Naira sales to Dollars.. but we no longer have a situation where every Tom Dick and Harry are looking for Dollars.

Tho Politicians esp state governors are still converting loots to Dollars on a monthly basis after FAAC sharing. All those illegal conversions are done at outrageous amount..

Fuel is still being imported , the Niara is still being defended, the Naira is still unstable? What's your point?

SalamRushdie:
Fuel is still being imported , the Niara is still being defended, the Naira is still unstable? What's your point?

A dummy opinion. Even when experts come out to explain what we have been trying to enlighten you shallow empty heads on Nairaland, but because you have been wired to hate and be bitter because you lost an election, you will still get stuck in ignorance. No matter how you try take a pig from the gutters, it will still find its way back into the gutter. That's una story.

zero8zero:
Cardoso, man of the year.

$1=N650 when he took over .. MOY with 230% increase🤷🏿‍♂️