₦airaland Forum

tundegan:
LP is like a ghost party now.

They are just existing without any relevance in Nigeria.

Dey play, Tinubu is OTP

You go open threads on PO tire. Tinubu is OTP
OBI will lead Tinubu's decimation come 2027

OTP > Tinubu is One-Time-President
Nigeria cannot afford another four years of Tinubu's incompetence, trial and errors, ineptitude, corruption and nepotism

Edo no bi Lagos.
Okpebholo must be booted out

The Central Bank of Nigeria (CBN) on Friday, injected $197.71 million into the foreign exchange (FX) market in a bid to restore calm as the naira crashed to N1,600 per dollar—its weakest official exchange rate since December—under growing pressure from global economic shocks, including a 14% import tariff recently imposed on Nigeria by the United States.

The intervention, confirmed in a statement released Saturday by Dr. Omolara Omotunde Duke, Director of the Financial Markets Department, marks one of the most direct responses by the apex bank to the turmoil triggered by the U.S. government’s sudden hike in tariffs on a wide range of imports, including goods originating from Nigeria.

“In line with its commitment to ensuring adequate liquidity and supporting orderly market functioning, the CBN facilitated market activity…with the provision of $197.71 million through sales to Authorized Dealers,” the statement read.

The Bank said the move aligns with its broader objective of fostering a stable, transparent, and efficient foreign exchange market and reiterated its resolve to maintain market integrity amid rising volatility.

Trump’s Tariff Hitting Nigeria?
But beyond the routine policy language lies a deeper concern: the naira’s sharp depreciation is being increasingly tied to Trump’s decision to impose new tariffs on several countries—including Nigeria—as part of a broader trade overhaul that is beginning to reverberate across global markets.

According to economists, the U.S. president’s announcement of a sweeping 10% baseline tariff on most imports, and a separate 14% tariff on certain products from Nigeria, has directly contributed to the decline of the naira. The impact has been swift. Nigeria, which depends heavily on oil exports and dollar remittances, now finds itself squeezed between falling crude prices and rising trade barriers.


Analysts say Nigeria is particularly vulnerable to external shocks due to its over-reliance on imports and its narrow export base. With U.S. tariffs raising costs for Nigerian goods abroad—and reducing Nigeria’s competitiveness—dollar inflows are expected to decline further. That, in turn, has made it harder for the CBN to defend the naira without depleting its already strained reserves.

Naira Drops to N1,600/$1—Worst Since December
Data from the CBN shows that the naira ended Friday at N1,600 per dollar, down 1.9% from N1,569 recorded the previous day. It marks the weakest official exchange rate since December 4, 2024, when the currency closed at N1,608.

Intra-day trades suggest even wider instability. The naira briefly touched a high of N1,625 before retreating, while some trades settled as low as N1,519—highlighting a broad range of uncertainty in dealer pricing. The Nigerian Foreign Exchange Market (NFEM) average rate, which smoothens out day-to-day spikes, closed at N1,567—the softest level so far in 2025.

In just the first four trading days of April, the naira has already lost 3.9% of its value, after closing March at N1,537.

The market’s volatility has renewed questions about the effectiveness of Nigeria’s FX reform strategy, which had aimed to allow the naira to float more freely in line with market demand and supply dynamics. Economists believe that without buffers, such a system leaves the currency dangerously exposed to external headwinds.

Economists Call for Urgent Action
The dramatic weakening of the naira has prompted fresh warnings from economists who say Nigeria must urgently revise its economic playbook in light of the new global realities. Several experts have urged the government to immediately set up a high-level response team focused on mitigating the effects of Trump’s trade policies on Nigeria’s already fragile economy.

There is growing support for a mix of policy responses. Economists have urged the federal government to fast-track export diversification, especially in non-oil sectors like agro-processing, solid minerals, and services. They are also advocating for Nigeria to begin exploring bilateral trade talks with the U.S. to negotiate relief or possible exemptions from the newly introduced tariffs.

In addition, some have suggested rebuilding foreign exchange buffers through diaspora bonds and concessional loans to strengthen Nigeria’s short-term liquidity. There are also calls for a reassessment of the 2025 budget assumptions, particularly around oil benchmarks and projected dollar inflows, which may no longer be realistic given recent developments.

Another line of thought is for the CBN to offer more structured FX support to key import-dependent sectors of the economy to avoid further supply chain disruptions that could fuel inflation. In parallel, there is also mounting pressure for the CBN to step up transparency around its FX intervention strategy, with clear and predictable signals to prevent panic in the financial markets.

While the CBN has not committed to a daily defense of the naira, the tone of its latest statement suggests it is prepared to act again should market conditions worsen. Dr. Duke noted that the Bank would continue to closely monitor both global and domestic financial conditions and stands ready to intervene further as necessary to maintain market order.

The CBN also called on all authorized dealers to uphold the Nigeria FX Market Code, urging strict compliance and high ethical standards in all transactions with clients and counterparties.

https://www.tekedia.com/cbn-injects-197-71m-to-stabilize-fx-market-as-naira-falls-to-n1600-under-pressure-from-trumps-14-tariff-on-nigeria/

The op smoke "igbo"?
Where you see Obidients

Fear APC, they influenced Valentine Ozigbo to join APC only to throw him under the bus. Now LP ticket he did not get abd can never get.

APC will be dead, I mean dead in 2027.
It will be worse than PDP

Toh! Op, what about
Tinubu SDP> AD > AC > ACN> APC
Buhari APP> ANPP > CPC > APC
OBI APGA > PDP > LP
So, tell us something new.

Antichristian2:
What do I repent from?

Where do I repent to?

Every major prophet said the same thing to people. Even John the Baptist in Matthew 3:2 “Repent, for the kingdom of heaven has come near.”

And that was over 2000 years ago! How do you define near?

John's "Near" was the REVELATION OF JESUS

Love800:
Your comment is very reasonable. I appreciate it.

Normally sha, i don't believe in all this churches stuffs! Pastors/clergymen are still fornicators and brain-washing!

So, you are worshipping Pastors and clergymen abi?

Labour Party needs reorganization, to be led by Peter Obi. Let other opposition parties, SDP, PDP (if they still exist), NNPP and LP throw up a sellable candidate. This is the turn for the South, so the coalition should throw up Peter Obi. Peter Obi should begin talks with Kwankwaso, Tambulwa and strong Northern politicians. 2027 is possible 🙆

As for Atiku, he needs to rest, but covertly support the coalition by remaining in PDP, to do damage to Wike's hold on the party. It should be clear to him that Nigerians do not believe in him, especially the Northwest and North Central.
If Atiku chooses to run in 2027, he should confront Wike now and have the party expell the damager. Unfortunately, he does not have the clout, capacity and bravery to do that.

Those encouraging Peter Obi to run as VP to Atiku are not talking sense. The main opposition party, the PDP is on Wike's choke hold. Wike's plan is not different from what he did in 2023, and that is to cause confusion at the party's presidential primaries. Right now, he has started by hijacking SS leadership of the party, to this, noone has challenged him, not even Atiku. Damagun and the secretary are under Wike, so how can an Atiku presidential ticket become a reality? The party is only issuing thteats in the media. As it stands now, any presidential ticket that PDP throws up could be voided by the Supreme Court at the last minute. Thereby giving Tinubu a free ride to an undeserved second term.

My suggestion to Peter Obi and the Obidients movement are simple. Start pushing for a truly reliable coalition. The coalition should be spearheaded by LP, not PDP as it is now. The coalition should convince Atiku to shelve his ambition to rule Nigeria. PO should have nothing to do with known bigots like ElRufai, nobody should trust that man. For all we know, ElRufai is working for Tinubu. Their game plan is that Tinubu will support his ambition come 2031, so Obi should not fall for such cheap plan. Unfortunately for ElRufai, he is laboring in vain as Tinubu would most likely look towards Nuhu Ribadu, than ElRufai. Infact, it is already a known fact that Tinubu will discard Shettima soon and prop up Ribadu.

Funny if Shettima did not know Tinubu will discard him come 2027. A man who used three deputies as governor cannot keep on VP.

Wike, do you even know anything call Greenbelt? Must every place be plundered?

Arrest for the camera, just as they arrested Deborah killers.

Ben is Bruised.
You should've known that this same Sani is seeking to return to the senate, riding on Islamic votes. Remember Kano went on rampage for the same peagent. Friends no reach there ooo!

123yes:
I did not see Nigeria on the list. Thanks to baba Tinubu.

Go and look for World Bank list.
ZB.com

Can servant sack oga?
Tinubu MUST obey Wike.

Another Poverty Carrier regain his senses.
Agbado must fall in 2027, coalition or no coalition!

Common minister ...
... bloody minister without impunity firming impunity.
Wike thinks Diri is Fubara.

Tinubu's spokesmen will not make pim

Waste of time. You will labour in vain again. When you could not 👍 50% of registered voters, which is the easiest to obtain fraudulent, is it physical validation with BVAS you will achieve? Who will fund that stupidity, Akpabio?
Then after that, you will still fund a referendum by Ward, LGA and the Senatorial District.

You guys lost and should cover your your faces in shame.

Adeboye80:
Constituents of Kogi Central Senatorial District have thanked the Independent National Electoral Commission for validating 208,132 (43.86 per cent) signatures in the petition submitted for the recall of the suspended lawmaker representing the District in the National Assembly, Senator Natasha Akpoti-Uduaghan.

The constituents, who are registered voters of Kogi Central, noted that, though they had mobilised more than the 50 per cent plus one threshold of registered voters and submitted their petition with full documentation, the validation of 43.86 per cent by the Commission still confirmed that Kogi Central constituents had abandoned the embattled Senator.

"Apparently, INEC canceled not less than 35,000 signatures at the administrative stage," the constituents said, while reacting to a statement on the recall process issued by the electoral umpire.

In a statement on Thursday, signed by Salihu Habib, on behalf of the petitioners, the constituents insisted that there was no going back on their resolve to bring the Kogi Senator back home.

"We will liaise with INEC within the full ambits of the Constitution and regulations to demand for transparency in the handling of our petition. We have utmost confidence in the Commission not to subject the recall process to ambiguity or administrative opacity," the constituents said.

They expressed their gratitude to INEC for proving naysayers, who queried the authenticity of their figures, wrong.

"We thank INEC for making it clear that the bulk of the people of Kogi Central are behind us and that we did not import a crowd like a desperate, embattled lawmaker," they said.

The petitioners insisted that the recall of Senator Akpoti-Uduaghan "for misconduct and divisiveness" was non-negotiable.

They said, "We are firm in our resolve to restore dignified and collaborative representation to Kogi Central Senatorial District. We will no longer indulge someone who will do and say anything just to remain politically relevant.

"The whole of Nigeria watched her deceptive rally last Tuesday where she openly made comments capable of setting, not just Kogi State, but Nigeria ablaze.

"How can any patriotic Nigerian accuse other parts of the country of sabotaging Kogi State/the North because LNG plants are sited here? How can a responsible Senator of the Federal Republic of Nigeria try to pitch the North against the South?"

"We will pursue all lawful and constitutional means to ensure our voices are heard and respected. After God, power belongs to the people," the constituents declared.

Oga, your failure knows no bound. Even if you get 70% signature, INEC would still require you to mobilize those people to validate their signatures. When you could not get 51% of fraudulent signatures and thumbprint is it validation you can? Even after that, you would still pursue referendum. You and Yahaya Bello have failed.
You think Akpabio has your time to waste more money?

None for Canada for now. We are waiting if he does, we will impose $ for $ retaliatory tarrif, especially on energy, oil and gas.

It is looking like a very good time to have a military intervention to RESET everything to default.
Both federal, state and security agencies have compromised. This could easily lead to violent revolution. Best option now is a change to NEUTRAL STATE.

Worst thing to happen to Nigeria since 1914

Tinubu is a TERRIBLE PRESIDENT

Tinubu is a TERRIBLE PRESIDENT!
He was busy condemning Edo killings, but has not thought of deploying troops to stop herdsmen menace. What type of president has no vision on how to secure those he is leading?

When the victims of these races retaliate now, hem will start foaming in the mouth because he desire northern votes.

Lagos government cash out project. How would they track offenders? Good initiative, but it will create a very high congestion aka GO SLOW! Just imagine 3rd Mainland Bridge with its stock of traffic jam, being encouraged by speed ĺimit camera.
Secondly, those cameras will be vandalized in a matter of months, unless they are installed at off-limit hieghts. E get why billboards are mounted in unreachable stands.

The tribunal should sack the foolish INEC select governor already.

appleous:
Then why are you running?

Sanwo Olus sidepiece (allegedly)

Oloribu.
This thief will call herself a business woman and billionaire yet go check FIRS/CAC and you will see no history of tax payments and that company might even be dormant.
Yet she rented out an entire island to celebrate her birthday.
One of the sins that destroys a nation is "wealth without work".
With people like this in the majority, there is no way Nigeria is ever making it out of the woods.

Oga, what company board does Tinubu chair?
What is his TIN and can you show us his 3 years tax returns?

You hypocrite

It is now very clear that Tinubu is seeing his reelection becoming impossible. He has become dangerous.

The same reason he removed Ambode because he knows a second term governor may not be fully subservient to him and his election or reelection.

He now wants to do everything possible, even if it means derailing the Nigerian democracy. Unfortunately, Nigerians are waiting for them this time around..