₦airaland Forum

Obiawusa.. election na your mate?

Kukutenla:
But you are so sure the writer is Obidient yet you can't even read and understand what he wrote

I guess you refer to people whose IQ are way beyond your grade as Obidients then

Osae and Emele Onu write for Bloomberg, Emele Onu who was a co-author is unapologetically an obidient. Don't be half smart.

Kukutenla:
Prove you wrong that what? What have you said that needs disproving? You're giving yourself too much importance

Bring the breakdown from the Bloomberg article. Is English too difficult?

DMerciful:
You have no point.

Tinubu is failing and no amount of propaganda or blackmail can change this fact.

Master strategist with no strategy

Bwala is on Tinubu's dinning table.

Kukutenla:
I thought you're intelligent and enlightened Go back and read the article!!

Prove me wrong, bring the breakdown, let's see.

Kukutenla:
That's a lie. The writer is not an Obidient. You guys just go about swallowing every propaganda from your puppeteers in APC

Go check the name of the writer and check him out on twitter.

DMerciful:
Tinubu's incompetence does not depend on my mood, does it?

Your bitter level has jumped high since May 29.

Forkthiefnubu:
Gej inherited his whatever he inherited from yardua and not OBJ Offcos it have to glorify your tribesman , ahhh these people there is no hope

How many years had Yaradua?

Mindlog:
I am 7 years old!

You sound like it, face your studies and give mummy back the phone.

BigkokoRep:
In simple terms, Cardoso is now been seen as a rate fixer. That's why he quickly came out to explain. Any data he pushes out will be questioned well well.....

And at what rate did he fix?. We all know the rate Emefiele pegged the naira, tell us that of Cardoso.

Forkthiefnubu:
Your first paragraph made sense and was a bit thoughtful and then suddenly u veered off into ever present dark tribal nonsense in ur DNA

What's tribal in my reply to him?, was he not on attack mode same as you?

nairalanda1:
Yes and seriously speaking, that was a mirage.

The thing is, we no get dollars in Boku amount, subsidy is still being paid, and we still import a lot of fuel, forex needs are high, and people are going to still hoard dollars.

Unless you have a way to earn more dollars for this country, that best performing currency is not sustainable at all.

Manufactured goods and services

FPI is a mirage?, you are clowning. Diesel import is going lower since Dangote started producing, fuel will follow when he starts producing and local refineries do too which translates to more reserves.

Kukutenla:
And what is the effect on the economy according to your understanding?

Until you give me the breakdown analysis of how naira was defended according to Bloomberg.

Beautifulday:
Every serious country defend their currency forget online noise.

China ban crypto to defend their currency before other countries begin get Sense

Regulation is different from defending. US has recommended 3yr jail term for Binance founder.

DMerciful:
We told people to hold their dollars closer. We're still insisting on that.

Cardoso has patch patch CV

Then you'd later deny you're not jubilating.

Forkthiefnubu:
Crap, you are a tyrant and power drunk , economist or even keen observers have said that and does that make them unpatriotic? If these were the days of Goodluck Jonathan u wud have said worse and strut around feeling superior and does that make u unpatriotic, you are not for Nigeria suddenly because of patriotism but because ur tribesman is in power nothing else , so all of the ppl that resist Abacha are unpatriotic? Abacha was a hero to some ppl mind you

Jonathan inherited healthy reserves from OBJ and enjoyed the highest oil revenue era yet delivered very little.

Mindlog:
Containers/or daily flights of what agric produce and countries of destination?

Are you fighting with Google?, if you don't know we export Agric produce, how can i help you?. Why is Okonjo Iweala asking us to improve on our packaging to meet international standards if we ain't exporting?. Maybe you're less than 13yrs.

mightyhazel:
Honestly I don't really care about obi..

I voted him because he was much Berra than the pack that was being paraded

You don't care about Obi but you voted for him, Lol. See sense o.. i am used to it anyways.

Kukutenla:
Shut your dumb trap.
When did Bloomberg suddenly become Obidient and why did the CBN gov have to come out to explain the fall in reserves? It shows those you're defending don't even think Lyne fit their followers.

The writer of that unfounded article was an Obidient, a staunch one at that, he was bursted big time and his intention of writing the pile of lies was exposed.

Nyouth:
you can't defend naira for a long time, they paused that was why naira began to fail again, all those naira gains were all artificial, what don't you understand

Another illiterate, it's a waste of time cutting open your head and putting knowledge inside.

Forkthiefnubu:
Crap, you are a tyrant and power drunk , economist or even keen observers have said that and does that make them unpatriotic? If these were the days of Goodluck Jonathan u wud have said worse and strut around feeling superior and does that make u unpatriotic, you are not for Nigeria suddenly because of patriotism but because ur tribesman is in power nothing else , so all of the ppl that resist Abacha are unpatriotic? Abacha was a hero to some ppl mind you

Naira became the best performing currency in the world in three months and the market recorded one of the highest FPI in febuary and march. More tears pls!

BigkokoRep:
Any need to reply a lazy youth? Yes, no, maybe? Yes. Don't be lazy use the internet! When Cardoso replied Bloomberg, the patch patch CBN gov stopped the defense. And the result was immediate, naira lost 400NGN within 8 days!

You can't borrow money from Bretton Woods Institutions and use same to defend your local currency, it's a breach of the loans t&c

You weren't aware CBN sold dollars last week at 1,201 to BDCs?. Then why did naira fall within a week after the sales, if truly they "defended" it according to your little brain?

DMerciful:
Selling dollar at a particular price means fixing naira at that price. Whether it will stay at that price depends on the quantity sold. CBN is running out.

Your other question is useless

This one is just talking jargons, if you don't understand something, why can't you stop making a fool of yourself.

derecho:
.

BDCs have been in existence even before your father was born, if only banks could meet our needs, why was there a need to establish other financial institutions like microfinance and co?. Cardoso came in and repositioned BDCs from 5,000 to 1,580, flushed out illegal ones and make digital transactions compulsory and have them each open an account with CBN. How do you do away with a platform like that when deposit banks can't cater to all our needs.
How many Anambarians returned home when Obi was governor?, as we speak, why is a bag of rice costly in Anambra, what happened to Anambra rice?. We talking serious people, you're talking one Agulu fraud.

Mindlog:
The realistic way of "defending" the Naira is by quantum leap in non-oil export, which Nigeria is sadly not in that frame....it is not by sentiments nor propaganda or is there a link to news that there was a boost in agricultural exports recently which boosted FX inflow?

For non-oil export, is Nigeria not exporting agric produce, mined mineral resources?. Demand for dollar and dollar speculators are the mjor issues. There's no propaganda here, we recorded one of the highest foreign portfolio inflows in Febuary and March.

Kukutenla:
Any coincidence the value started to fall after CBN was called out by foreign media?

I recall some APC bots like you were accusing foreign media of being from a section of the country that hate good news

Which foreign media?, Bloomberg?, an Obidient writer?, what a joke. What was the breakdown analysis to back up his spurious claims?

DMerciful:
Are you blind?
Is CBN issuing dollars at 1000 to BDCs loke before? E don cast

So, selling dollars means defending? Let me test your little brain. When last did CBN sold dollars to BDCs?

Forkthiefnubu:
Fork u for you know no one is jubilant, when ppl point out ur incompetent ways or criticize idiotic government policies u now try to paint it as unpatriotic when u are the real unpatriotic Nigerian

Unpatrotism is when idiots were saying naira would get to 2000 and keep jubilating at the fall of naira.

MaziX:
U think people don't want progress? You think we don't want to enjoy good life all over the nation.. should people clap that naira is falling? The people who promised us heaven on earth, why not let's face them.. I no dey support anybody. But make we dey use our head.. na all of us go suffer am

Tinubu did not promise heaven and earth. He promised to remove subsidy and float naira, he has kept to it. These policies are essential to refurbish the economy.

Beautifulday:
.

Anything them dey do make them do am well. E get something I wan buy.

CBN is dealing with it, too much pressure on dollar. They had to ban hotels and schools from demanding payments in dollars, stopped banks from dollar collateral, going after speculators and illegal BDCs. Nigerians are looking for dollar to pay tuition fees abroad, take Yayah Bello for example. There's a lot CBN is dealing with.

paramakina202:
CBN has exuasted foreign reserves in defence of naira. Let them continue.

Reserves is depleted to $100?, ipob sef.

Newstory1:
Na talk be this?
Na wa for Tinubu media people

Result is the only thing that silences insults.

If you ask me, Obidients are the ones pushing Tinubu to work because they know how to dig out facts.

Tinubu must realize that propaganda won't work again.

Tinubu floated the naira which has closed the gap between the official and parrallel rate, the gap has close from 300naira difference to less than 20naira now. But Obidients lacked understanding.