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Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? - Business - Nairaland

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Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by Validated: 8:50am On May 06
Why is noone asking the CBN governor what is responsible for the recent depreciation of the local currency, the Naira?

Has the CBN lost steam in her effort at "stabilizing" the Naira? Why is everyone silent on the recent depreciation? Are we fine with the current state of our economy?

Earlier in April, the Naira was appreciating daily that it almost braced the N1000/$ mark. At that time, some of us argued that the CBN may have returned to the era of defending the Naira. Not only did APC and Tinubu apologiists deny it, they called us names. Now that the whirlwind of depreciation has returned, coukd someone tell us what changed, except that the depletion of our external reserves became significantly noticeable.

Please, for all those that argued that the CBN was not defending the Naira, kindly help us ask Mr. Cardoso, what has changed that we are back to where we were before?

3 Likes

Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by helinues: 8:52am On May 06
The same way it goes up, it will surely come down.

No panicking

2 Likes

Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by DonBenny77(m): 8:52am On May 06
As for those fools who called us enemies of Nigeria for not celebrating some artificial appreciation of naira 2 weeks ago, I wonder what will be going through their minds now....

6 Likes

Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by chido20(m): 8:54am On May 06
Fake lovers of Nigeria who are you blaming this time around?
Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by Nightwolf1: 8:56am On May 06
Validated:
Why is noone asking the CBN governor what is responsible for the recent depreciation of the local currency, the Naira?

Has the CBN lost steam in her effort at "stabilizing" the Naira? Why is everyone silent on the recent depreciation? Are we fine with the current state of our economy?

Earlier in April, the Naira was appreciating daily that it almost braced the N1000/$ mark. At that time, some of us argued that the CBN may have returned to the era of defending the Naira. Not only did APC and Tinubu apologiists deny it, they called us names. Now that the whirlwind of depreciation has returned, coukd someone tell us what changed, except that the depletion of our external reserves became significantly noticeable.

Please, for all those that argued that the CBN was not defending the Naira, kindly help us ask Mr. Cardoso, what has changed that we are back to where we were before?


Were you not told to keep your dollars intact?

Were you listening to Reno o monkey the sycophant whom was praising the artificial naira appreciation?

Were you not told that Nigeria has to move from consumption to production if naira has to gain strength against the dollar?

Bro, just move on. It's a case of the more you look the less you see.

5 Likes

Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by helinues: 8:57am On May 06
You people keep on shouting that naira was defended by Nigeria government making use of our reserves, abeg seh na you be the accountant wey approved the said funds?

What happened to the debt serviced?

What happened to the increase in state allocation?

What happened with all the projects this government have been embarking on?

Where did the government get money from to take care of all that?

1 Like 1 Share

Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by Validated: 8:59am On May 06
helinues:
The same way it goes up, it will surely come down.

No panicking

In essence, you are saying that "we lack stability" in the economy under your lord and saviour, Tinubu? With the rate of upwards today, low tomorrow, would it not be better that Tinubu remove the clowns in his "kparapò economic team" and employ technocrats to manage our scarce resources?

2 Likes

Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by Tallesty1(m): 8:59am On May 06
Validated:
Why is noone asking the CBN governor what is responsible for the recent depreciation of the local currency, the Naira?
Why ask a question when you already know the answer? Naira is depreciating because that Binance guy escaped.

1 Like

Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by helinues: 9:00am On May 06
Validated:


In essence, you are saying that "we lack stability" in the economy under your lord and saviour, Tinubu? With the rate of upwards today, low tomorrow, would it not be better that Tinubu remove the clowns in his "kparapò economic team" and employ technocrats to manage our scarce resources?

Some of you lack basic understanding of economy.

Emefiele and his crooks lied severally to Nigeria about the current economy situation of the country, now that the government has been trying to put things in order, which is a year in government, you people are expecting overnight miracle.

Rome wasn't built in a day
Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by Dvdpity: 9:02am On May 06
Until the military takes over Nigeria, these civilians polithiefians will continue to destroy the country with their foreign counterparts.
Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by Tallesty1(m): 9:04am On May 06
helinues:


Some of you lack basic understanding of economy.

Emefiele and his crooks lied severally to Nigeria about the current economy situation of the country, now that the government has been trying to put things in order, which is a year in government, you people are expecting overnight miracle.

Rome wasn't built in a day
And you cheered them on for 8years while calling anyone who dared to ask questions a hater of Nigeria.

3 Likes

Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by helinues: 9:06am On May 06
Tallesty1:
And you cheered them on for 8years while calling anyone who dared to ask questions a hater of Nigeria.

Wetin this one dey talk?

undecided
Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by BUSINESSARENAA(m): 9:14am On May 06
helinues:


Some of you lack basic understanding of economy.

Emefiele and his crooks lied severally to Nigeria about the current economy situation of the country, now that the government has been trying to put things in order, which is a year in government, you people are expecting overnight miracle.

Rome wasn't built in a day

When Emefiele was lieing, you lousy lots where hailing him. When we were shouting that the Buhari regime was wrecking the Nigerian economy, you and your co travellers defended Buhari to the letter.

Same way Tinubu is continuing the disaster and we are calling him out. like always you all are defending his calamitious failure.

What a people.

3 Likes

Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by helinues: 9:15am On May 06
BUSINESSARENAA:


When Emefiele was lieing, you lousy lots where hailing him. When we were shouting that the Buhari regime was wrecking the Nigerian economy, you and your co travellers defended Buhari to the letter.

Same way Tinubu is continuing the disaster and we are calling him out. like always you all are defending his calamitious failure.

What a people.

Make una stop lying on my mentions.

Point out to where I ever praised Emefiele
Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by BUSINESSARENAA(m): 9:19am On May 06
helinues:


Make una stop lying on my mentions.

Point out to where I ever praised Emefiele

Did you not praise Buhari? Can we actually seperate Emefiele from Buhari or seperate Tinubu from Cardoso? Did Buhari not wreck our economy just as Tinubu continued from where Buhari stopped?

Were you not singing Buhari praises as you are doing to Tinubu?

Ogbeni park well joor.

4 Likes 1 Share

Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by helinues: 9:21am On May 06
BUSINESSARENAA:


Did you not praise Buhari? Can we actually seperate Emefiele from Buhari or seperate Tinubu from Cardoso? Did Buhari not wreck our economy just as Tinubu continued from where Buhari stopped?

Were you not singing Buhari praises as you are doing to Tinubu?

Ogbeni park well joor.

It's now Buhari?

Don't be confused guy, be stable
Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by Validated: 9:24am On May 06
helinues:

Some of you lack basic understanding of economy.
Emefiele and his crooks lied severally to Nigeria about the current economy situation of the country, now that the government has been trying to put things in order, which is a year in government, you people are expecting overnight miracle.
Rome wasn't built in a day

Please! Please and please!!! STOP🛑

You spent 8 solid years online praising Buhari and Emefiele here on NL. In those years of famine, you called GEJ failure and told the world that Buhari was the best thing after bread and beans.

You picked out Sambo Dasuki that ate your yams. Claiming that GEJ did not save because of stealing not being corruption. You claimed that Dasuki stole all the money, hence $1 rose from N260 to N500 back in 2016. I bet you have forgotten.

Now the Buhari that you praised and defended has gone, with his EFCC wasting years pursuing Dasuki with nothing to show. Tinubu, another side of the same coin called Buhari-Tinubu has come to restart the same deceit. To perfect it, you picked Emefiele.

You adopt the same pattern and riding on the same circus with Emefiele, just as you did with Dasuki.

If some of you who are just paid laptop defenders of APC have lost the use of your brains do not take the rest of us as fools also.

Keep your self-delusion to yourselves.
.

4 Likes

Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by BUSINESSARENAA(m): 9:24am On May 06
helinues:


It's now Buhari?

Don't be confused guy, be stable

You are the confused one. You are telling me that you can actually seperate Tonubu from Cardoso or Tinubu from Dave Umahi, or Tinubu from Tunji Ojo, or Tinubu from Nyesom Wike?

Really?

1 Like

Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by being(m): 9:26am On May 06
helinues:


It's now Buhari?

Don't be confused guy, be stable
B quiet and answer the simple question.. if emiefele was so incompetent, why didn't buhari fire him? Doesn't that show leadership incompetence on his part if u can't fire a lying, poor performing official

1 Like

Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by nedu666: 9:28am On May 06
Cardi b and tinubu thinks Nigeria is above defending its currency, something every opec member is doing gallantly.
Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by being(m): 9:29am On May 06
nedu666:
Cardi b and tinubu thinks Nigeria is above defending its currency, something every opec member is doing gallantly.
Point is we don't have the $ funds to do that.. our only source which is oil fx has dipped by about half since 2015.. upon that , we are also paying back $loans and have a higher import demand...
Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by obiekunie01: 9:49am On May 06
my own be say! even if the naira reach 5000 to the dollar which will happen in few moths time, NOTHING SHOULD HAPPEN TO ASIWAJU!

HE MUST COMPLETE HIS FOUR YEARS TENURE!
Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by eteebanky1: 10:16am On May 06
All they know is to import upanda, ordinary Biro...... They'll still import

Why Naira no go depreciate
Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by PARADIZEPRIEST: 10:52am On May 06
so where were your noise when naira to dollar was N1024/$. We are in A phase of Geo-economics, demand and supply, if supply comes prices go down,if supply is scanty prices go up,IT IS BASIC ECONOMICS,STOP THIS CHILDISH RANT AND FACE YA WORK.
Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by PARADIZEPRIEST: 10:52am On May 06
so where were your noise when naira to dollar was N1024/$. We are in A phase of Geo-economics, demand and supply, if supply comes prices go down, if supply is scanty prices go up,IT IS BASIC ECONOMICS,STOP THIS CHILDISH RANT AND FACE YA WORK.
Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by GlobeTrotter2: 11:15am On May 06
PARADIZEPRIEST:
so where were your noise when naira to dollar was N1024/$. We are in A phase of Geo-economics, demand and supply, if supply comes prices go down,if supply is scanty prices go up,IT IS BASIC ECONOMICS,STOP THIS CHILDISH RANT AND FACE YA WORK.
so it it normal to have this kind of volatility because of "phase of geo-economics"


Nigerians have been brainwashed to believe and accept nonsense.

1 Like

Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by gammarays(m): 11:17am On May 06
Who's next to be blamed?

Twitter?
Bet9ja
EPL or UEFA champions league?
🤔🤔
Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by AfonjaConehead: 12:37pm On May 06
helinues heLIEanus 🤣🤣🤣 :


Make una stop lying on my mentions.

Point out to where I ever praised Emefiele
Re: Dollar Is Gradually Creeping Back To N1500 & Everyone Is Fine? by idahme(m): 1:14pm On May 06
helinues:


Wetin this one dey talk?

undecided

Comprehension skills is rare to find these days.

(1) (Reply)

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