₦airaland Forum

TimeManager:
Basic macroeconomics, CBN is duty bound to mop up excess liquidity in the system to avoid driving up inflation in the long term. Whenever there's too much local or foreign currency in the hands of people beyond regulatory requirements, the CBN steps in. Failure to do that in the past led us to where we were a few years ago.
If CBN had looked away, the dollar would fall for the first few weeks and then start rising because people would have horded it and look to sell at higher rate when scarcity hits the market thereby leading to market instability.
The best bet is to allow the right amount of money within the system at a particular time inorder to ensure stability and stronger local currency.

-Kiss the truth!

Now it makes sense to me.
Thanks

Helpfromabove1:
And increase from 200 to five times is better abi?

Try again

Did you miss economics class during secondary school?

It can take you years to build a house, but the demolition can take just hours

Lie marchine party at it again

Let me share my thought on this. You see those fx in dollars, pounds, Euros in those banks that they think are available for domestic consumptions, they will be diverted and spent offshore because the value would not mean much to the local currency when exchanged. So, it is a give and take thing. Economic managementcan be complex

Richtaiwo:
This makes absolutely no sense to me, unless there’s some secret dictionary defining what I just read.

CBN deliberately slowing appreciation of the naira? For what exactly?

BrickandLace:
I'm not an economist but according to Google...

When they say a currency is depreciating, it has to be consistently depreciating for a certain period not a day or two days and then say it is depreciating.

Is the Canadian dollar depreciating too?.

BrickandLace:
I'm not an economist but according to Google...

Alhaja/ji, learn to take correction.
Dollar, Sterling, Euro, the Almighty Naira is spanking 'em all.

You've got to allow our economic wizards at the CBN their movement in the sun even if you don't like them anymore than I do.

The naira on Wednesday regained strength in the parallel market after the Central Bank of Nigeria (CBN) cut its benchmark interest rate, known as the Monetary Policy Rate (MPR), by 50 basis points.

Data obtained from foreign exchange street traders showed that the naira appreciated by N10, with the dollar quoted at N1,390 on Wednesday morning. This represents a 0.7 percent gain compared to N1,400 quoted on Tuesday in the black market.

Source: https://businessday.ng/news/article/naira-gains-in-black-market-after-cbn-cuts-interest-rate/

Go easy on the afro-pessimism.

Richtaiwo:
This makes absolutely no sense to me, unless there’s some secret dictionary defining what I just read.

CBN deliberately slowing appreciation of the naira? For what exactly?

it is nothing but evil economics.

The man is a bloody liar.

appreciate or depreciate.

which is the right word

Shettima "I will handle security has now started involving economy while security is for the fake certificate holder

What type of confusion is that. Is the CBN secretly under Emiefele now ?

The blame games for failures is a testimony that Nigeria will never make any progress under mandate snatchers kum grabbers

I firmly believe that this statement was made unintentionally.

This one make sense to me, welldone sir.

TimeManager:
Basic macroeconomics, CBN is duty bound to mop up excess liquidity in the system to avoid driving up inflation in the long term. Whenever there's too much local or foreign currency in the hands of people beyond regulatory requirements, the CBN steps in. Failure to do that in the past led us to where we were a few years ago.
If CBN had looked away, the dollar would fall for the first few weeks and then start rising because people would have horded it and look to sell at higher rate when scarcity hits the market thereby leading to market instability.
The best bet is to allow the right amount of money within the system at a particular time inorder to ensure stability and stronger local currency.

-Kiss the truth!

Misterone:
Oga, goods are already in the market and the ports, bought at a higher dollar rate. With the dollar falling daily, do you think importers would risk importing goods for now? No.
It's just like what's happening in the PMS industry where price fluctuate every month. People already have high priced stocks! What happens when price is unstable? People will not want to import. With time, this will lead to scarcity and inturn rise in price.

But when naira suddenly depreciated from like #400 to #1500 against dollar during Tinubu's ascension to power, there is no implications for that abi? Now for the naira to appreciate reach 1000# there is a full-page fullscap paper story abi. Abeg wake me up when Naira to dollar is back to #400 to $1. Thanks.

Richtaiwo:
This makes absolutely no sense to me, unless there’s some secret dictionary defining what I just read.

CBN deliberately slowing appreciation of the naira? For what exactly?

A strong Naira is not necessarily a good thing. It depends on how you want to look at it.

Richtaiwo:
This makes absolutely no sense to me, unless there’s some secret dictionary defining what I just read.

CBN deliberately slowing appreciation of the naira? For what exactly?

it will create panic for FPI that came in .
Meaning a USD loss

This people nawa,so were was CBN when naira got to 1600/$?But they are around to stabilize naira, then,your friend is stocking dollars and you are the VP tell the common man

TimeManager:
Basic macroeconomics, CBN is duty bound to mop up excess liquidity in the system to avoid driving up inflation in the long term. Whenever there's too much local or foreign currency in the hands of people beyond regulatory requirements, the CBN steps in. Failure to do that in the past led us to where we were a few years ago.
If CBN had looked away, the dollar would fall for the first few weeks and then start rising because people would have horded it and look to sell at higher rate when scarcity hits the market thereby leading to market instability.
The best bet is to allow the right amount of money within the system at a particular time inorder to ensure stability and stronger local currency.
-Kiss the truth!

Just FACTS AND TRUTH.
•That is the Duty of An - Active CBN, unlike the Former' Emefiele who-squandered NTRILLIONS in CBN Ways and Means-Accounts.
Kudos to the CBN 👏👍.

oneMalik:
As una no deh gree read or ask questions na .

😂😂😂😂😂

Richtaiwo:
This makes absolutely no sense to me, unless there’s some secret dictionary defining what I just read.

CBN deliberately slowing appreciation of the naira? For what exactly?

Government income . Nigerias 2026 budget is based on 1,400/usd and i think 1.9 million barrels . Gradual and steady appreciation also suggest a reliable currency, a volatile appreciation provides room for seeing currency as hedging / speculation tool.

Richtaiwo:
This makes absolutely no sense to me, unless there’s some secret dictionary defining what I just read.

CBN deliberately slowing appreciation of the naira? For what exactly?

It does make sense. Imagine an importer who buys $1m dollar from CBN at N1300 per dollar. By the time he returns from China in a weeks time, he comes back to meet the dollar at N1000, he is already running at a loss of N300 to a dollar. Though the local producers will be the better for it, but not at the expense of the importer who depends on CBN to import his goods. So there has to be stability.

Pakute:
https://www.channelstv.com/2026/02/24/video-why-naira-did-not-appreciate-to-₦1000-shettima/

SixSeven:
You know Shettima is an ex-banker and you would have expected better but what politics causes eh, leave it to God

We should be making the naira strong that we don't even bother about the dollar. Why is our economy pegged to the dollar's position? Many Nigerians are shocked when they japa and take dollars abroad and the locals are looking at you as if you are not okay. Except that country is poor or like tourists, most countries will inisist on the local currency.


https://www.tiktok.com/video/7226451311099743493

TimeManager:
Basic macroeconomics, CBN is duty bound to mop up excess liquidity in the system to avoid driving up inflation in the long term. Whenever there's too much local or foreign currency in the hands of people beyond regulatory requirements, the CBN steps in. Failure to do that in the past led us to where we were a few years ago.
If CBN had looked away, the dollar would fall for the first few weeks and then start rising because people would have horded it and look to sell at higher rate when scarcity hits the market thereby leading to market instability.
The best bet is to allow the right amount of money within the system at a particular time inorder to ensure stability and stronger local currency.

-Kiss the truth!

HacheNoire:
Thanks for educating those village boy

helinues:
Dropping to N1000 when it has been around N1300- N1400 for a year plus will cause speculation which will lead to market instability

The dropping should be gradual. That margin of N300+ drop suddenly will cause lose for so many business people

budaatum:
Below is it being called woe, showing one group's poison might be another group's dinner.

All of you have clearly proven beyond reasonable doubt that you can be educated yet be blinded and irrational in thinking because of your favorite politician or political party.

What is the sense in saying you stopped the Naira from gaining strength, is that supposed to mean you are happy the Naira should continue to be weakened? To whose advantage? Did you not promised t strengthen the Naira? Where is the sense in all this nonsense? How the helll will a weakened Naira be good for the economy?

Don't you guys reason at all?

BTW, No Central Bank in the world can influence the strength or weakness of a currency, If they can WHY CAN'T DO USE THAT SAME MAGIC WAND TO TURN THE NAIRA TO A DOLLAR.

Sometimes I dey wonder if una go school at all.

Shettima is becoming obedient small small.

Richtaiwo:
This makes absolutely no sense to me, unless there’s some secret dictionary defining what I just read.

CBN deliberately slowing appreciation of the naira? For what exactly?

CBN stepped in because government will start losing money too. Government returns will become low. Once naira appreciate towards N1000, government will start losing money from external revenue. It is a two way thing.

APC are not serious. Meaning they are deliberate in causing naira imbalance

I see different comment supporting selfush moves, stated by the vp. When the dollars was rising from 300+ why didn't the cbn do something to stabilise it, now it's coming down, they want to stabilise it to remain high, and some gullible people are quoting economic terms to support it. Africa, we are still far from being liberated

Pakute:
https://www.channelstv.com/2026/02/24/video-why-naira-did-not-appreciate-to-₦1000-shettima/

All of you have clearly proven beyond reasonable doubt that you can be educated yet be blinded and irrational in thinking because of your favorite politician or political party.

What is the sense in saying you stopped the Naira from gaining strength, is that supposed to mean you are happy the Naira should continue to be weakened? To whose advantage? Did you not promised t strengthen the Naira? Where is the sense in all this nonsense? How the helll will a weakened Naira be good for the economy?

Don't you guys reason at all?

BTW, No Central Bank in the world can influence the strength or weakness of a currency, If they can WHY CAN'T DO USE THAT SAME MAGIC WAND TO TURN THE NAIRA TO A DOLLAR.

Sometimes I dey wonder if una go school at all.

Richtaiwo:
This makes absolutely no sense to me, unless there’s some secret dictionary defining what I just read.

CBN deliberately slowing appreciation of the naira? For what exactly?

The VP should stick to what he knows and understands.

Yesterday was CBN MPC. Before such meetings, there's always speculation and speculations give rise to price fluctuations.

Not this type of talks.

KingOfAmebo:
BTW, No Central Bank in the world can influence the strength or weakness of a currency, If they can WHY CAN'T DO USE THAT SAME MAGIC WAND TO TURN THE NAIRA TO A DOLLAR.

^^^I can tell that you don't much about monetary policy.

Richtaiwo:
This makes absolutely no sense to me, unless there’s some secret dictionary defining what I just read.

CBN deliberately slowing appreciation of the naira? For what exactly?

All of you have clearly proven beyond reasonable doubt that you can be educated yet be blinded and irrational in thinking because of your favorite politician or political party.

What is the sense in saying you stopped the Naira from gaining strength, is that supposed to mean you are happy the Naira should continue to be weakened? To whose advantage? Did you not promised t strengthen the Naira? Where is the sense in all this nonsense? How the helll will a weakened Naira be good for the economy?

Don't you guys reason at all?

BTW, No Central Bank in the world can influence the strength or weakness of a currency, If they can WHY CAN'T DO USE THAT SAME MAGIC WAND TO TURN THE NAIRA TO A DOLLAR.

Sometimes I dey wonder if una go school at all.

DeLaRue:
It makes perfect sense.

A naira that rises too fast can be as damaging to the economy as one that falls too fast.

The secret to sustainable economic growth is stability. A slow but steady naira recovery is better.

If naira hits 1000 to a dollar too fast, Nigerian consumers will benefit hugely, but the biggest long term beneficiary will be China, as Nigerians will go back to importing everything under the sun from China. This will destroy our own manufacturing companies, and there will be tremendous job loses. Once cheap Chinese imports destroy our manufacturers, then we will effectively become an economic colony of China.

Remember too that if the naira rises too a sharply, the record levels of non-oil exports we have had in the past 2 years will disappear as our produce becomes more expensive for foreign buyers.

I suspect the CBN will prefer naira to steadily rise to say around N1200 by end of 2026, and N1000 by end of 2027.

But the CBN will be under tremendous political pressure from APC leaders to allow naira to gain fast later this year so APC can go into 2027 elections saying 'We told you so...Mr Tinubu is an economic genius. Vote for him to perform more magic'.

It is what politicians all over the world do. Mr Trump has been trying to sack the American Central bank Governor for several months now because the Governor refused to cut interest rate as fast as Mr Trump wants.

People do not understand that a strong currency is a curse to the country that owns that currency.

No one wants to buy from such country - that is the problem facing the United States at the moment.
China devalues her currency because she wants to stimulate export.

TimeManager:
Basic macroeconomics, CBN is duty bound to mop up excess liquidity in the system to avoid driving up inflation in the long term. Whenever there's too much local or foreign currency in the hands of people beyond regulatory requirements, the CBN steps in. Failure to do that in the past led us to where we were a few years ago.
If CBN had looked away, the dollar would fall for the first few weeks and then start rising because people would have horded it and look to sell at higher rate when scarcity hits the market thereby leading to market instability.
The best bet is to allow the right amount of money within the system at a particular time inorder to ensure stability and stronger local currency.

-Kiss the truth!

All of you have clearly proven beyond reasonable doubt that you can be educated yet be blinded and irrational in thinking because of your favorite politician or political party.

What is the sense in saying you stopped the Naira from gaining strength, is that supposed to mean you are happy the Naira should continue to be weakened? To whose advantage? Did you not promised t strengthen the Naira? Where is the sense in all this nonsense? How the helll will a weakened Naira be good for the economy?

Don't you guys reason at all?

BTW, No Central Bank in the world can influence the strength or weakness of a currency, If they can WHY CAN'T DO USE THAT SAME MAGIC WAND TO TURN THE NAIRA TO A DOLLAR.

Sometimes I dey wonder if una go school at all.

This man can lie! Where was market stability when naira nosedived in 2023/2024 from N800 to N1600?
Now that naira want to appreciate according to APC. The CBN has to stop it. Which country does that? What a ruse! APC has constitute themselves into a lie entity...