₦airaland Forum

Amumaigwe:
Propaganda is when the purported gain in the value of Naira against dollar makes prices of goods higher.

That is the result of your greed. No one prompted you before you quickly hiked food prices at the hint of dollar rise. Lower your greed and lower the prices.

Raskimonojendor:
Definitetions of Obidients you need to get used to:

If Nigeria is doing great: Propaganda

If you are against the agulu fraud: Tribalism

They want a new Nigeria yet they are always unhappy with positive news.

HopeUzodinma:
It can’t get to 1k, the last drop is the last there will be. It’s going to reverse and head to 2k.

Rest..

You still believe it is propaganda?. What is the rate you exchanged dollar as at today, that's if you've ever seen a dollar before.

What is propaganda again?. You don't need to be happy, just be reasonable.

From 1900 to 1800, they called it propaganda.

From 1800 to 1700, they called it propaganda.

From 1700 to 1600, they still called it propaganda.

From 1600 to 1500, they called it propaganda.

From 1500 to 1400, they still called it propaganda.

From 1400 to 1300, they said it was still propaganda.

From 1300 to 1200, they called it propaganda.

From 1200 to 1100, another propaganda, they said.

From 1100 to 1000, yet they called it propaganda.

Can we ask them the meaning of propaganda?. Meanwhile, Dollar is not only falling, Pound is also falling.

Saintinoo:
It will sound odd to you because you know nothing about exchange rate market.

Illiterate, pls swerve.

Saintinoo:
Maybe then when the are being floated, the exchange rate have been fixed back, so we expect it to go the way CBN wants.

When the CBN sells dollar to banks and BDCs and determine how much they resell. The naira is now fixed.

Please swerve, i am allergic to low reasoning.

otokx:
Which volatility is he talking about when the naira is gaining evey day against the dollar?

Volatility in his dreams, he thinks he was talking to his kids at home. Greedy nigerians.

Greedy people, it is no longer dollar is high but the excuses is back to the old format of Russia-Ukraine war. Naija i hail thee.

SoNature:
He's NOT an illiterate. You are one of the millions of Nigerians who don't know the meaning of that word.

To set the record straight....

@Socialmediaman The government didn't withdraw money from foreign reserves to clear her backlog of debts. The government borrowed from Afrexim Bank through NNPC swap for crude oil.

However, the government withdrew money from the foreign reserves to clear remittances from Nigerians living outside the country. Those people have been sending a lot of money back home since they noticed that naira was depreciating at the speed of light.

Slowpoke, don't ever quote me to spew a pile of dogshit on my mentions again. Go and feed the bunch of idiotic illiterates in your group whatever nonsense you pull out of your ass. Can you imagine the loads of bullshit he vomitted above with sheer confidence?. Ignorance is bliss. Bunch of illiterates.

Where is CNG?.. Now you have it. Another promise delivered by President Bola Tinubu.

CodeTemplar:
they are doing reverse speculation and fishing for the lowest sustainable rates they can sell.

Bro, drop the weed. CBN does not speculate of any kind or fishing for any rates, CBN's rates are determined by trading activities at the foreign exchange market.

CodeTemplar:
The question is will CBN's own be that cheap?
If they the fear of CNN selling below N1000 is real enough, then black market can actually be below N1000 as hoarders try to minimize loss and remitters try to maximize what they sell for.
The speculation is both ways.

CBN does not speculate, they sell to BDC based off on trading at the official foreign exchange market.

socialmediaman:
So your factual source for the numbers you quoted was “trust me”.

After claiming to know something, you came up empty. You ended up being that keyboard warrior.

Illiterate.

socialmediaman:
Where is the monthly economic report that substantiates this claim you just put up here?

We will all see it in the monthly economic report that should be published by the CBN monthly for transparency, this is not some hidden access only information

You too should advocate for transparency because absence of it creates suspicion, and many of us were right about the previous government

Your problem is ignorance but you don't know. If you don't know something, you better ask and learn. Monetary fundamentals are not political argument you engage in at newspaper stand.

socialmediaman:
How much foreign reserves has Nigeria lost trying to defend the naira? How sustainable is this? What is the long term goal? Defend the naira while hoping that the manufacturing and export sector picks up somehow? What’s the plan?

As stakeholders, you’d hope that your government will lay out the plan and let people key in through the private sector

Why has the government stopped publishing the monthly economic report that was published every single month since 2013 for transparency?

As someone who has witnessed a lot of lies and propaganda within the past 9 years, I have to see the evidence to believe whatever this government says

Updates- foreign reserves have risen to $37billion. While I am not particularly sure about the information of the OP, it is really ridiculous of you and your ilks to keep making spurious narratives of defending the naira with the reserves. Meanwhile, you guys are the most ignorant of basic economic policies.

garfield1:
Except tinubu wants ganduje gone,he will remain there.

Tinubu will not allow Oshiomole saga strike twice.

MadamExcellency:
Go and join the business and make money. Lazy youths. After engaging in stealing and corruption in high places, the weight of mismanagement of the country should be borne by peasants. Produce your food and stop complaining.

Where are the government agricultural extension officers we had in the 70s and 80s? Where are improved seedlings? Where are the fertilizers? Abeg, go and rest.

Why is Abia topping food inflation if not for greed?, can they even feed themselves?. If i want to be as greedy, i'd go to the north, buy wholesale and sell in the south for good money. There's a reason government is clamping down on trucks diverting food grains across the northern borders. Like i said, when those producing food on industrial scale bring down their prices, the peasant farmers in Abia will queue behind real quick.

Ebubu2:
He can’t secure his state for Tinubu victory in 2027, so he is useless.

Any state leader who is at war with his state grassroot people may be deposed.

FG APC may work with NNPC at Kano state for victory the way they worked with PDP in Rivers state 2023 for victory.

He gave over 700,000 votes to Tinubu, how many state comes close to that?. No other party aside NNPP belongs to Kano. And as Chairman, he has secured victory for APC in Imo and Kogi, Edo is next.

Angelfrost:
A professional and a first-class product would figure out a more proactive way to prevent the reoccurrence of the grid collapse, rather than looking to repair it quickly...!

Nigeria suppose don pass this level by now.

How many times will the grid collapse in less than 6 months?!! Haba!

It is the result of decade long rot in the sector. 10 new transfomers and sub stations have just been delivered last week, we're getting there gradually.

adenigga:
Note: *Adelabu *

Thanks.

adenigga:
Note: *Adelabu *

Thanks.

adenigga:
Note: *Adelabu *

Thanks.

MadamExcellency:
It's called a balancing effect. The rich should not depend on the poor to always feed them in the case of Nigeria where rich families are nowhere investing in farming leaving the bulk of the job to peasant farmers.

Poor people have learned that their agro products can be a source of living and help train the children in schools and get them cars and landed properties. If you don't like the cost of food, you are free to jump into the lucrative farming business to force the prices down. This is simple economics, a demand-supply curve.

Please stop capping, this is nothing but greed-pull inflation. The excuses of dollar is no longer tenable, your new excuses is that "the peasant farmers want to make a living off the rich by hiking prices", how ridiculous. These are subsistence farmers that do not determine market prices. By the time the producers who produce food on industrial scale reduces their prices, these peasant farmers will fall in line.

seunowa:
Who told you that? Many of them are lamenting here.

Leave that one, let him keep chestbeating on social media, real life dey expose them.

Minister of power, Mr. Adelabu is a first class product, i'll give him the benefit of doubt. This repair should be the quickest ever we have witnessed in the country.

Farfalla:
Probably.
That's the one time you'll find even the most hardheaded men like Putin and Netanyahu humbling themselves.

Chai! Chioma has suffered.

You're dead wrong. Putin and Netanyahu are nuking women in Ukraine and Gaza respectively. Those two motherfcker alphas do not stoop this low to the cunny gender.

Tinubu no dey gree for anybody. A typical example of a President with a ball of steel.

Wike will take this election personal.

Obiawusa

Tflex01:
You are an extremely smart Southerner and you have political awareness than 90% of the remaining clo.wns down south Nigeria.

It even irks me more coming from Atiku and some southern media picking it up. Ningi was accusing Tinubu's budget of being anti-north on BBC hausa, despite every region being represented in the budget. These allegations are carefully being orchestrated and some low thinkers couldn't see through it.

JASONjnr:
This is totally wrong.....


Moving away from the original plan to using power to disturb people's peace and businesses.

If the court will not compromise, the federal government will have to pay through their teeth.

But, the same judiciary that Tinubu and Wike built mansions for. Imagine going to judge Tinubu and Wike in the court that beneficiaries of those mansions will preside over?

A Landmark business with a guest house of less than 50 rooms, what benefits do I get from that compared to generational benefits of a Lagos-Calabar coastal project. And what original plan are you talking about?. An original plan with only four lanes which is far too inferior to the new plan of ten lanes with a train track inbetween. Wail from now till 2099, nothing is stopping the project.