₦airaland Forum

SIRAO:
You lack knowledge of macro economics, every country do defend their currency. Now defending naira with 8billions dollars and defending with 40 billion dollars re the the same ,? Floating the naira have dramatically reduced the amount used in defending it abnitio

Na idiat you be. Big one. You guys said the naira is no longer being defended.

You need to bury that your indomie filled head in shame , rather than typing rubbish here with your leprous fingers.

DeLaRue:
Most people just don't understand how currency markets work. That's fine.

Do you know that the CBN has been buying excess dollars that's been coming into Nigeria in recent weeks because the dollars comin in has been more than the market can absorb?

Remember the problem has always been too little dollars coming into Nigeria, which meant the CBN had to release dollars into the market (what people refer to as defending the naira).

In the past few weeks, the reverse has been the case. The amount of dollars coming in has been too much than the market can absorb. The CBN is now stepping in to buy the excess dollars. So, instead of defending the dollar, the CBN has in a funny way been 'defending the dollar.'

The first 18 months or so of the administration saw a very volatile naira. It made sense for the government to spend dollars to stabilise the naira.

However, in the past couple of months, the naira has stabilised, so no.need for the government to routinely defend the naira for now.

The CBN has done an excellent job.

Liar. 😁 na you dem put in charge to buy the excess dollar coming into the country?

I doubt you are ok upstairs o.

Alliswell248:
U are wrong.
Learn to comment as a responsible person, and not a dullard

The government is not printing money like emefiele did.

See dullard calling another person dullard.

You are so irritating. No shame at all. You still have the face to come out and defend lies.

Did the useless government you support say they are no longer defending the naira anymore or not? Zombie!
You

NothingDoMe:
They don't lie about it.

If they did you wouldn't know that the countries you mentioned were defending their currency.

Don’t mind that Mumu spewing trash out of his anus .

He thinks everyone is a zombie like he is .

DeLaRue:
No government in the world directly releases information about how much it is spending to defend its currency.

If a central bank gives a running commentary about how much it is spending, that will give ammunition for currency speculators to attack the currency even further.

That is why Central Banks around the world speak in codes, like '...if it is necessary to do so, we will step into the market'.

Whether it is Japan, Brazil, India, that's what a Central bank will say.

You don't go to war by disclosing your strategy. Instead, you keep your opponents guessing.

Even Mr Rewane is only guessing by looking at how much dollars Nigeria has borrowed and how much we have left.

It's just guess work. Only the CBN knows the correct figure. It may be significantly less than Mr Rewane has claimed.

shut up your smelly mouth. You said the naira wasn’t being defended, and insulted Buhari for doing that. Why are you here spewing rubbish again because dem don catch Una?

DeLaRue:
Nothing new.

Every country steps in to support their currency.

In late January 2025 (last month), Brazil was spending about $7 billion dollars PER DAY! to support its currency against the dollar.

Around the same period, India spent over $20 billion dollars within 3 days to support the Indian Rupee.

Japan spent over $60 billion to defend the Yen against the dollar last year, yet the Yen has lost so much value against the dollar in the past 2 years.

If Nigeria spends $8 billion in 2 years, that's still reasonable, compared to when we were spending about that amount every year under Mr Buhari.

Truth is, the dollar is just too powerful against most currencies. Many governments have to defend their currencies, otherwise...

one of the idiots on nairaland.

But your likes have been running around here claiming that the naira has been floating around without government defending it.

Now you are here saying nothing wrong with that?

Why destroy the currency, and then go back to your vomit?

You agbadorians are really dumber than the government you support.

Nothing Dey Una head.

Antwan99:
My friend who is into business wrote GCE since 2014 and didn't check the results till yesterday 21st Feb, 2024 because he just figured he need to obtain a degree certificate.

The result has only 5 Credit passes in the following subjects Maths, English, Economics, Commerce and CRS.

The question now is, what course can he study at NOUN with these subjects? We are confuse because the Social Science subjects are not up to 3 and he failed Literature as an Art subject, failed Government too.

.

Omoawoke:
Black pope keh?

Una no fit get sense…. No be swear…

White man create religion to dominate you, you black assholes will still go and bow down to them… you don hear of black saint before, all the depiction of heaven and angels, no be white man?? Pls occupy your position and act as the black devil in their myth

Olodo… that’s how you people go about disgracing yourselves.

APC supporters are so dumb.

When they talk about the black pope, they are not referring to a dark skinned person literally.😁😁

Agbadorians…. Nothing Dey Una head other than propaganda.

treesun:
https://www.channelstv.com/2025/02/18/just-in-nigerias-inflation-rate-drops-to-24-48-per-cent/

I said it.

The animals at the helm of affairs said they will reduce inflation to 15 percent, and guess what?? It will just be done by pronouncements.

How did inflation reduce from 30+ % to 24% suddenly? How? How?

ogododo:
https://dailytrust.com/fact-check-are-tinubus-policies-reducing-food-inflation-as-daniel-bwala-claimed/

which of the useless policies is reducing anything?

All we’ve been hearing and seeing is increase in this and that.

Is it because people are tired of complaining and have somehow resigned to fate?

Both the bwala and the policies and people making the policies are not well upstairs, including all supporters of the agbado regime

Max24:
Na mumu Dey worry you. Why not stick to the topic and name any state that is owing workers salaries under Tinubu as happened under his predecessors? Or is everything in your family about hunger?

Na true that guy talk.

You better enter psychiatric hospital.

The earlier the better.

[quote author=Odewaleadesoye post=134157974][/quote]The person wey come 1st get 2 heads?

How can we be celebrating 38th ?

Mchewww.

Islie:
https://punchng.com/nnpcl-denies-selling-substandard-fuel-says-pms-sourced-from-dangote/?amp

Mad people.

Una Dey source PMS from Dangote?

What of una refinery wey Una scope us say e don Dey produce fuel Dey troway ?

Criminals and their agbado supporters.

All of Una Dey craze.

Acekidc4:
What of FirstBank and GTBank🤔 I was even expecting them to be the first and second respectively💯🤔

how can you rate GT and first bank ahead of zenith bank?

You well at all?

Now you know who the baba is. You think say na by mouth ?

wickedclown:
U see why e no go ever better for you and your generations

I don first tell you and it won't change... Your enemies will triumph over you and your children will spit on your grave and celebrate victory when you die.....

Wickedclown, you can’t escape it.

Your life must become like the Nigeria you love o.
If you like, run go moon.

Dirty 14 pounds per hour yansh washer.

You will envy the life I live. No capping.

We no Dey run go wash yansh for UK.

We Dey flex go there and come back.

Tayorshd87:
U be mumu before APC came in power is d light stable 247 like america and I?

Werey.

How many times did you hear of grid collapse before APC came?

Didn’t APC say they were going to right the wrongs?
Instead na every week grid Dey collapse.

If to say dem no go ban me, na fool I for call you.

Animal!

EmperorCaesar:
It went off here at 11:31

I thought we left this in 2024

Nairalanda1 should tell us why Fg needs to stop subsidizing power so that they can have enough money to revamp and upgrade the sector

That guy don kolo. Always spewing trash from his anus.

simpleseyi:
I restarted mine at the age of 45, today, I have no regret. The ball is in your Court.

you this agbadorian? Your life no fit better. No be swear o.

You are restarting life at 45. Not surprising. Agbadorians are failures that’s why dem Dey support rubbish.

Your life must be like way Nigeria is under emilokan.

Islie:
The consultants are now mockingly called "Cardoso women" across the CBN. One source giggled when our reporter requested a further explanation of the term.




https://www.premiumtimesng.com/business/business-news/773232-exclusive-cbn-directors-kick-as-cardosos-illegal-consultants-earn-obscene-salaries.html

Yoruba men too like yansh.

This one has brought his girlfriends to be running the affairs of the CBN.

Tell me why dollars no go enter 2k.

No wonder, he is always talking rubbish In all his interviews.

We have dirty incompetent people in sensitive positions. No wonder Nigeria is the way it is.

ogododo:
https://www.vanguardngr.com/2025/02/lemu-imam-to-muslims-vote-out-candidates-who-oppose-sharia/

Werey…. Muslim-Muslim ticket never reach Una lesson.

Just goes to show that this country no fit better.

Confirmedzombie:
Mali will regret letting France leave their country.

They will regret pulling out of ECOWAS. This jihadist will empty the military in Mali.

I recall how ipob and obedients were hailing Mali when they pulled out of ECOWAS.

They also hailed Mali when they issued French Troops a quit Notice to leave their Land.

Anybody ipob or obedients hail or cheer is bound to doom.

May Allah empower the jihadist and give them more strength and powers to strike day by day.
.Allah is the greatest.

As if there were no attacks when France held sway.

You really are a zombie, a foolish zombie at that.

Edygrin:
A former Provost Marshall of the Nigerian Army, Maj-Gen Pat Akem-Vingir (retd), says the military needs at least 500,000 personnel to eliminate terror groups like Boko Haram and the Islamic State West Africa Province (ISWAP).


https://www.channelstv.com/2025/02/07/military-needs-500000-personnel-to-defeat-insurgency-ex-army-provost/

How many men did the clueless. President say he was going to recruit and feed with agbado and beans again?

Recruit recruit !!!!

PressMyButton:
It will definitely come down, naira is gaining consistent stability and gradually strengthening against the dollar. We have more than capable team led by Mr President.

God bless Nigeria.

You know you are deceiving yourself. Muuumuni

CodeTemplar:
That cabal guy, nairalanda1, will say profit must be made. Let them chop too... lol.

that guy is a big Fuuul. The greatest fuuul on nairaland.

AmazingGenius:
[b]Plans for 2027 coalition in full swing as opposition forces unite to topple Tinubu.



Source: https://politicsnigeria.com/plans-for-2027-coalition-in-full-swing-as-opposition-forces-unite-to-topple-tinubu/

Any coalition wey elrufai Dey , na from frying pan to fire.

Nigeria will be engulfed by terrorism.

Sholzyy:
He got denied o. He used an agent that f*cked up his application which I dint get to know till after he had submitted.

He was denied due to doubts about the authenticity and accuracy of the submitted supporting documents.

The supporting documents the agent added was just Insurance, flight itinerary and hotel booking with letter of introduction and only asked him to submit his company’s CAC and bank statement! You can imagine! I don’t even submit just only those documents at renewal of my visas. And to top it all, she used fake booking and insurance for him after charging him 5M and 2M+ down payment.

I no believe.

Are people this gullible to be paying agents 2M and 5M for visa processing?

NewDigitalWorld:
Source: https://politicsnigeria.com/more-shots-to-come-shettima-warns-atiku-ahead-of-2027-elections/

is he talking about gunshots?

Is it not in this man’s house they found Kabiru sokoto, the notorious boko terrorist having dinner when LEAs were looking for him?

Why is he talking about shots ? Me I’m scared o.

femisplash:
Exactly what Cardoso is implementing but those who have no faintest idea of economic fundamentals are talking smack. This is a standard practice.



Can you see that?, that seat requires tough decisions every chief policy maker is always confronted with. We see how US respond to this. I applaud Cardoso for having the guts to resist external pressures.

Shut up there, and don’t ever compare the useless agbado decision makers to the Americans.

You no get sense sha.

These idiots that have destroyed the economy beyond repair na Im you Dey put in the same sentence with America?
You be Werey .

TimeManager:
https://www.voanews.com/a/nigeria-announces-measures-to-soften-impact-of-usaid-programs-suspension/7962960.html

Werey. They can never work silently and let the results speak.

They will always announce, and once they announce anything , e don enter voicemail.

Factcheck0001:
The agulu fraud will not say anything now but let someone faint in another region then he will write encyclopedia

bloody Fuuul. Is the agulu fraud your president that is swore to protect lives and property?

You are a lost cause for not having sense in 2025.

nairalanda1:
This probably would be my last post on nairaland.

It is kind of funny to see people saying that those who defend the toll gate are supporters of tinubu.

The reason why is that such criticisim is basically their way of campaigning for their side. Just as the agbado people were ferociosuly attacking PDP In 2012 when it was time to remove subsidy. Fast forward to today, and they all support subsidy removal.

Nigeria needs to toll roads. And as I have said here, if it was Obi that was president and he made the same decision to toll the roads...I would have backed him well well.

Because at the end, just as I backed pdp on subsidy removal, even when I despised them, I will back APC on this, even though I also despise them

Fools and imbeciles will come and call me agbado. Some will think I am supporting their side....the truth is, I am supporting NIgeria. I support and have never supported a side.

If you want to complain about how the money would be eaten by corruption...you should not be here. You should be out there doing the thing many did to make saner climes sane. But many of you are supporting or criticising because...you have taken sides. You want your side to win. It's why abuse, rather than discussion , is the currency of this site.

It's time for me to go, after being here in one way or the other since 2013. I can't stand the abuse and the magical thinking anymore. The idiots who oppsed subsdy removal in 2012 brought today's economic crisis on us. The idiots who oppose this road tolling....somehow expect us to magically find money to keep the roads running.

Yeah, that's how people like Ojuntana and Helinues think. Magical thinking. And they abuse those who disagree with them.

Well, it's been nice playing with the kids...but I got to do adult things.

2013-2025.

I hope you keep to your word, because you are not useful here.

You are actually a nuisance.

And you are a Tinubu supporter whichever way you try to disguise, which is not a bad thing actually.