₦airaland Forum

Kalashnikov49:
Just imagine what is being celebrated...

Low IQ support base encourages failures as achievements.

Bitterness will bring about your end. When you pass your coffin will be shaped like a bitter kola

Believe this government at your own risk👌

Election is by the corner...apc too wicked

AlphaTaikun:
There's NO subsidy or intervention by the Central Bank of Nigeria in this case unlike in the past when the CBN had to intervene by pumping scares hard currency (USD) to prevent the constant depreciation of the local currency and the speculative currency manipulations in the black market.

it's even better they intervene.
Cos the money weh Dem save, we no deh see am

Tecnophone:
it was #800 when Tinubu stole the mandate

Did he stole the mandate from your house.
Because you will not let peace raign now.
Economic matters were posted and you're talking about ur stollen mandate since 2023.

Kalashnikov49:
Just imagine what is being celebrated...

Low IQ support base encourages failures as achievements.

You are daft otherwise you would have know that Past leaders ha w been making Nigeria to leave life of lies

Amotolongbo:
If truly the naira is rising organically with no subsidy by the CBN, it really worths celebrating.

With this rate, it may end up falling below 1500 for a GBP before December.

For your dream ba?

Kaybaba5:
For your dream ba?

Have you had the GBP before?

Make I do go bill my Uk client £5k. Hopefully he drops something.

Melezenawii:
Naira strengthens against British Pound to N1,806/£1 - Nairametrics

source

Please can someone explain this to me?

Amotolongbo:
If truly the naira is rising organically with no subsidy by the CBN, it really worths celebrating.

With this rate, it may end up falling below 1500 for a GBP before December.

It better ohh, cos our purchasing power has been destroyed big time.
Imagine spending £100 and it is 200k, Haba..

Kemetian:
Use your brain.

So as you are now, a so-called educated person, you don't know the reason the naira was devalued?

Do you even know what it means to float the Naira?? Or why it was done?

What was the point of your education if you don't know all this?

Go and sit somewhere. You know nothing. You're just an ignorant internet user.

One Million naira = 556 pounds

Rejoice not that mean theres something fishy going on.

If not for dangote dollar for done reach 4,800 ...and Nigerians they praise tilumbu instead of dangote

Kalashnikov49:
Just imagine what is being celebrated...

Low IQ support base encourages failures as achievements.

Just wait bro...

Two weeks too much, before strengthening becomes weakening.
I am not pessimistic, we have seen this celebratory vanity too many.
What is in this to celebrate?

They keep looking for anything, everything to campaign with, even when election campaigns is far from it.

Naira is not gaining anything.
The Chinese new year just started yesterday.
Almost all Chinese factories are on holiday. Supply across the world is low now.
In about 2 weeks or less, things will reset.
nothing to celebrate here.
So if you have naira, you can buy dollars now, in 2 weeks time, you will sell at atleast 40 naira per dollar profit.

AlphaTaikun:
There's NO subsidy or intervention by the Central Bank of Nigeria in this case unlike in the past when the CBN had to intervene by pumping scares hard currency (USD) to prevent the constant depreciation of the local currency and the speculative currency manipulations in the black market.

The same government printing new naira in trillions was the same government borrowing dollars to influence the market and shore up the value of the naira! It was a case of invite a thief to steal then report the thief to the owner.

ZUBY77:
Naira is not gaining anything.
The Chinese new year just started yesterday.
Almost all Chinese factories are on holiday. Supply across the world is low now.
In about 2 weeks or less, things will reset.
nothing to celebrate here.
So if you have naira, you can buy dollars now, in 2 weeks time, you will sell at atleast 40 naira per dollar profit.

If the dollars that is being used to increase the forex reserve is released into the market, we may see dollar going below 1000 naira. The naira presently is underpriced and that is caused by the rising forex reserve

Shawarmagirl:
Useless country. Just look at what APC government is celebrating. When I travelled to the UK, how much was Naira then compare to now. Useless country.

We all became millionaires with just £500 in 2024
You need to see how my colleagues celebrated that. Mumunis

Kalashnikov49:
Just imagine what is being celebrated...

Low IQ support base encourages failures as achievements.

why are u pained

Doyou2019:
We all became millionaires with just £500 in 2024
You need to see how my colleagues celebrated that. Mumunis

so what exactly do u guys want
una need serious reorientation
The hatred for your own country is mind boggling

Shawarmagirl:
Useless country. Just look at what APC government is celebrating. When I travelled to the UK, how much was Naira then compare to now. Useless country.

How much was IT before in 1990 -1999 and at the Point U travelled?

osazsky:
If not for dangote dollar for done reach 4,800 ...and Nigerians they praise tilumbu instead of dangote

And so
But when naira falls its Tinubu abi
Lubbish

lawani:
The same government printing new naira in trillions was the same government borrowing dollars to influence the market and shore up the value of the naira! It was a case of invite a thief to steal then report the thief to the owner.

Indeed, you're right my brother. It was a very terrible period in Nigerian history to see Nigeria performing as an economic underachiever.

The past Nigerian Governments for decades lived a LIE by using scarce USD to defend the Naira. The average Nigerians too lived a LIE for years thinking that because the exchange rate of the Naira to the USD was low, it reflected the correct state of the total economy. The fuel subsidy being paid with borrowed funds also fooled many into thinking the lower fuel pump price was reflective of the true state of the Nigerian economy. It was all a lie that wasn't sustainable otherwise if those subsidies had persisted, the ENTIRE economy would have collapsed. This is what a lot of the clueless random posters spreading disinformation online don't understand.

Things are beginning to pan out after the subsidy removal and the exchange rates have stabilized for many months and even appreciated. The foreign airlines flying into Nigeria that could NOT transfer their trapped USD funds made from the sales of tickets have since had the backlogs cleared up.

There's a lot more to be done but kudos goes to the folks in government for stabilizing the macro-economic parameters. The NEXT destination is to reduce the total cost of living even further on a state-by-state basis before the 2026/2027 election cycle begins.

Kalashnikov49:
Just imagine what is being celebrated...

Low IQ support base encourages failures as achievements.

No one is expecting of Nigeria not to wail.
Allow us the first class citizens to celebrate in peace.
Wailers and sore losers like you can keep wailing.
No vacancy in Aso Rock.

The groundnut pricer asking for discount is wasting his time

ZUBY77:
Naira is not gaining anything.
The Chinese new year just started yesterday.
Almost all Chinese factories are on holiday. Supply across the world is low now.
In about 2 weeks or less, things will reset.
nothing to celebrate here.
So if you have naira, you can buy dollars now, in 2 weeks time, you will sell at atleast 40 naira per dollar profit.

Wailers in chief always wailing about the progress of Nigeria.
Get healed fast.
Nigeria is making progress

Strengthens and yet prices of commodities are still on the high side. this country is a joke

Tecnophone:
it was #800 when Tinubu stole the mandate

You will never understand economics even if you use a century studying economics in Harvard.

800 when it was subsidized olodo

Charade!!!

It was N790 to the pounds when Tinubu stole our votes with mutilated manually-transmitted results in 2023.

Thonakom:
Did he stole the mandate from your house.
Because you will not let peace raign now.
Economic matters were posted and you're talking about ur stollen mandate since 2023.

Ogbeni, you don hear about book wey dem dey call Brighter Grammar? 🤔