₦airaland Forum

lexy2014:
you have not answered my questions.

1. how is Emefiele defending the naira different from what the government is doing right now?

2. are you aware the even China defends its currency against the dollar?

Does China have blackmarket?

God bless our military.

lexy2014:
how is that different from what the government is doing right now?
are you aware the even China defends its currency against the dollar?

Does China have blackmarket?

Ofunaofu:
Let me ask.

Is our currency being floated?

Because when it was first told by the Tinubu government, which led to the naira crashing against the dollar at an alarming rate, Tinubu supporters argued that the naira was not floated but finding its true value. 

So I ask again: is our currency floated?

Your problem is English, like i said, go and learn the meaning of floating.

ivolt:
That is not how it works.
When the dollar was floated, it fell freely too fast due to the believe
of many that a floated Naira will keep falling. Hence they bet against it.
The CBN made a U-turn and fixed it. Along with crackdown on outside bank trades,
it regained some value.
Now nobody knows the "real" rate. Not the CBN and not the traders.
If the traders sense that a CBN fixed rate is too low, they will start massive buying again
and it will start rising again.

This one is high on mkpurummiri.

JASONjnr:
Tinubu met dollar at N700 to a single dollar and right before his eyes, it went up to N1,900. But we're praising his incompetence for subsidizing it to fall to N1,400.


Buhari met dollar at N200 and he left it at N700.

APC is all about noise and lies.

While Emefiele used billions of dollars to defend the naira and pegged it. The value of naira in the past was fake value.

Ofunaofu:
but a dollar was 1500- 1900 at official-parrallel under this calamitous Tinubu regime a couple of weeks back.

putindbutt

How do you measure performance?

Tinubu government met Naira exchanging at N780 to a dollar, Crashed it to the extent that it almost getting to 2000 to a dollar

Nigerians will take Tinubu serious when Naira begin to exchange at below N700 to a dollar.

For now, it's all propaganda

Obviously you don't know the meaning of floating, go and learn the meaning, then come back.

Ofunaofu:
Is that what you were told? Is the naira not being defended at the moment? 

But when the naira was crashing against the dollar at an alarming rate, you all said that the naira was undervalued; in fact,  it was finding its true value.

Is this current price the true value of the Naira?

Like I stated earlier, economics is not propaganda.

If it is working, it will surely reflect on the livelihood of the common man; if it's not working, no amount of propaganda can make it work.

Lol.. the difference between official and blackmarket is less than 50naira, so what is government defending?. You want to compare to when dollar was 460-780 at official-parrallel market.

helinues:
Are other non indigenes exempted from the new taxation? How come it's only the Igbo complaining?

Good question.

So ibos are also in illorin?. Do they also protest and lock their shops when their beers are destroyed in the core north?, why are they not flexing their muscles there?

Ofunaofu:
How much was it when Tinubu took over?

Economics is not propaganda

If it is working, it will reflect on the livelihood of the common man. If it's not working, no amount of propaganda can change it.

Tell us how much billions of dollars Emefiele used to defend the naira. You guys celebrate fake value of naira in the past.

16 kidnapped in Sokoto released, 287 kidnapped in Kaduna released. President Tinubu na man you be. These bandits must go down, all of them. According to Senator Yar'adua, there are over 30,000 bandits scattered all over northern forests. The number is scary.

tonicyril:
Sure na...

Na so he dey break fasting with the supposed hedslamas(as they are bn called by them) even when he was the governor of the only dubai-like state in Nigeria ...

He said he wasn't desperate but he don dey off shoe enter inside mosque to eat with headslamers. is God not wonderful?

Namaster:
Of course not. He has been breaking fast with Anambra Muslims since the time he was governor.

Picture proofs?, Giringori has made himself a laughing stock.

Ofunaofu:
Putindbutt, you mean this

Lol.. Meffy chai!

Oluwateemzy123:
Any user that support this regime one way or the other especially youths " Na Ogun go kill him and hin family" We didn't curse you guya during buhari's period but this time God will shed your bloods on the road fools soliciting for political dogs

Na poverty go kill you and your papa, poor boy sef dey curse, werey.

JetApartment:
Olodo, that has already been factored out before presenting the budget in NAIRA...stop displaying your foollishness online.

If dollar rate had been factored in, can't the rate also be reviewed?. dumb slowpoke

LagosFirstSon:
We don't want a government of palliatives , Nigerians are not beggers.


Tinubu is incompetent

You're an illiterate, that's why you don't understand the meaning of palliative. If 75billion to manufacturers is begging, then you don't deserve to live among humans.

Tinubu is finally fufilling his promises. This was one of the palliatives he rolled out last year.

Where's that picture of Emefiele bowing to Isa Fantua and Dambazzau, taking instructions from them.

JetApartment:
Was the budget presented in Dollars? How you people defend rubbish make you look dumbb.

Oil revenue benchmark are always in dollar rate. look in the mirror, you'd see the biggest dumbo.

The former NISRAL DG must share a jail room with Emefiele. Where're the rice, wheat and maize?

..

Paraman:
Argentines are already resisting his reform. Their currency is still performing badly and inflation rate is over 200% from the 143% he met it.

A lot of unions in Argentina are on strike and majority of the lawmakers rejected most of his reforms.

It's an insult to claim he's doing better than Tinubu

I supported him but change is really a difficult thing. He said he was going to scrap CBN and adopt dollars as national currency but he has suspended it. Tinubu removed subsidy, see tears. Radical change is tough, i pity him tho.

Tochi360:
Point out where I have made such claims.
Maybe You think se na everybody dey follow yeye shameless tribalistic hatefilled soul like You and your ipob counterpart do rubbish

If Epka is a Tribalist,why would the Finish govt harbor him?
Stop doing senseless tribal banters,una no fit understand how dumb una dey sound if una dey do that bullshit.

I told you he's a finnish citizen, you still talking foolish. Confused slowpoke like you were accusing FG of sponsorgng ekpa during election period because you were afraid he would scare away ibos from voting for obi in the southeast, you even demanded that FG should go bundle him back but everything changed when you lost the election. Ekpa is back to being your hero. UK shielded Cownu until adultery took him to Kenya where he was picked up like rag, ekpa should wait for his turn as well.

CodeTemplar:
Your brain is clearly incapable of seeing he is ahead of your paymasters you blindly support here. At least his own reforms got the nod of lenders and secured him $4.7B to play with. He hasn't resorted to witchcraft printing of currency or blaming past officials for moves he endorses himself like your oga.

This one is here disgracing his family online.

Paraman:
This is the same Argentina Alhaji Atiku and obidients want us to believe is doing better than Nigeria.

Atiku is a dullard. Argentina is having it worse, protests everywhere. Radical reforms is not a child's play, it would be met with massive resistance.

Tochi360:
That means His group is not a terrorist group as the Fg paints them to be.
Will the Finnish govt shield a terrorist group leader?

The Fg is just so useless and unserious.

This fat moroñ Simon ekperima is not your problem,face Your problems and stop chasing shadows.

All Nigeria has ever gotten from this Apc calamity since 2015 is Pdp,Pdp,Pdp,Pdp,now they have upgraded the blame games to Predecessors, Predecessors, Predecessors, their zombie here own na to wail and cry Obi, Obideint upandan like mad dogs

You don't even know what you want. Today, ekpa is not a terrorist, tomorrow, government are the ones sponsoring him, bla bla bla... confused morrons

ElSudani:
So, Obi as their leader is incapable of resolving their problems?
These are the folks who wanted to change Nigeria!

Alhaji Adamu Obi is busy breaking fast in the north.

Jagaban

christejames:
They know his address in Finland
they should use diplomacy to extradite him if they are serious



Mtcheeww!

He's a finnish citizen, finland authorities are shielding him.

Floky215:
Russia and China simply gave Israel a node to complete the job without taking any blame themselves...!!!

If you know, you know...!!!

You don't get it, they want to destroy Biden's chances of winning the election.