socialmediaman:


I didn't say they lied. I said they're full of propaganda.

Propaganda is when you met dollar at 800, sent it to 2,000, then you're celebrating it's fall to 1,300 as proof of economic progress.

Propaganda is when you receive 1.5Billion currency inflow and inform the public that its proof of your good economic policies, whereas 5 years ago, the country was receiving 2Billion currency inflow

All of you are so dull to Economics... I thought your region sabi business... Little did I know say na Nzogbu Nzogbu ways of doing things una dey.

Try reasoning with your complete head. And try advice your bitter regional men.

socialmediaman:


You're celebrating dollar at N1,300? How much was it when Tinubu came to office? Now ask yourself the same question, you normal so?

At the end of Buhari's administration, the naira to the dollar exchange rate in the official market was N464. U never appreciated Buhari when Dollar was N464, did u? U spent 8 years laying curses on him and calling him all sort of unprintable names. U preferred that he takes Naira to N230 where he met it in 2015.

Are u exactly how u use to be or look in 2015? Don't u look older? Haven't ur age, weight, height etc increased? Does that mean that u won't appreciate God for the gift of life, except he makes u as young as u use to be before? Remember, nothing remains the same. Change is constant in life.
It was a negative change when Naira was N1,900 to the dollar and a positive one when it comes down to N1,280. Anyone who doesn't appreciate "little" will never appreciate "much". U won't die if u appreciate him a little, trust me.


Salaam!

Abdul05:

I Know some people won't be happy about this good news ..

See..when we talk about economics one can see that president tinubu knows the subject very well .

I pray it is not a short term solution.....

socialmediaman:
This government is full of propaganda.

Here’s your proof:

https://www.nairaland.com/8046241/fact-checking-numbers-cbns-announcement

I only read the first three lines of this post and I knew it is propaganda. Which BDC would do business for just 20 naira profit?

By this time next month it should be 700.

clarocuzioo:
The irony now is that price of goods are not depreciating. Nigerian economy defiles all known economic laws.

Hahaha Nigeria my kontri 😂😂😂😂😂

Almunjid:

At the end of Buhari's administration, the naira to the dollar exchange rate in the official market was N464. U still didn't appreciate Buhari when dollar was N464, did u? U spent 8 years laying curses on him and calling him all sort of unprintable names. U preferred that he takes Naira to N230 where he met it in 2015.

Are u exactly how u use to be or look in 2015? Don't u look older? Haven't ur age, weight, height etc increased? Does that mean that u won't appreciate God for the gift of life, except he makes u as young as u use to be before? Remember, nothing remains the same. Change is constant in life.
It was a negative change when Naira was N1,900 to the dollar and a positive one when it comes down to N1,280. Anyone who doesn't appreciate "little" will never appreciate "much". U won't die if u appreciate him a little, trust me.

Salaam!

Unfortunately for you, I supported Buhari in 2015 against GEJ. When I realized he was a disaster, I publicly withdrew my support. I am not like most of you that will keep lying to yourself just because of tribe or religion.

dre11:

The naira, on Friday, appreciated to N1,280 per dollar at the parallel section of the foreign exchange (FX) market.

The current FX rate signifies a 5.19 percent appreciation from the N1,350/$ reported on March 27.

Currency traders in Lagos, also known as bureau de change (BDCs) operators, quoted the buying rate of the greenback at N1,260 and the selling price at N1,280 — leaving a profit margin of N20.

“The price of the dollar as well as other major currencies have been falling. It is affecting our business as some customers prefer to keep their currencies than change it with us,” a currency trader identified as Aliyu told TheCable.

At the official section of the FX market, the local currency depreciated by 0.69 percent to N1,309.39/$ on March 28 — from N1,300.43/$ on March 27.

Meanwhile, the Central Bank of Nigeria (CBN), on March 29, said the economy recorded over $1.5 billion in foreign exchange (FX) inflow this month, indicating its monetary policy initiatives are effective.

The apex bank said the naira is headed in the right direction, and the administration of Yemi Cardoso, CBN governor, remains committed to ensuring the stability of the market and the appropriate pricing of the naira against other major currencies worldwide.



https://www.thecable.ng/naira-appreciates-to-n1280-at-parallel-market/amp?/naira-appreciates-to-n1280-at-parallel-market

Legitimate BDCs are NOT the same as parallel markets.

Parallel markets are alternatively called BLACK MARKETS.

Please take note of this.

emkz:
No, Rufai Oseni won't be happy.

It is because of this Rufai Oseni did not come to work yesterday.

I have not seen a human being so vile, hateful and peddles evil about his own country.

Seems he lives rent free in your head such that you're monitoring his movements

socialmediaman:


Unfortunately for you, I supported Buhari in 2015 against GEJ. When I realized he was a disaster, I publicly withdrew my support. I am not like most of you that will keep lying to yourself just because of tribe or religion.

Unfortunately for u too. I never voted or campaigned for Jagaban. I just happened to be wiser than ur ilks to know that after election we need to keep politics aside and support anyone who turned out to be the president of our country.

When this Govt came in 2023 , USD was #462. So what are we celebrating
PMS was 195 and now 680 in Abuja, what are we celebrating ...?
USD rise and fall never the determinant of prices of goods and services but cost of transportation, energy e. t. c. which are still on the high side.
NOTHING TO CELEBRATE YET

Arise TV merchant. Those who wish Nigeria bad. The pains of losing an election.

vowiski:
Lol,

Oshiomole style of leadership as NLC chairman.

They both know fuel will increase by N5. Government Increase fuel by N10. Everyone shouts and Oshiomole jumps round the Country.

Fuel reduces by N5. The original plan of the government, Masses say Fuel has reduced and Oshiomole try oooo.

Tinubu increases exchange rate to N1880. They know the economy is N1300-1400.

They bring it down to N1300-1400. Masses scream, Naira is appreciating.

I am forced to ask; Naira is appreciating from where ? Where did the present government meet it?


You can see the smoke and screen?

eazye4u133:


What category do you fall under, yes I meant you ?

I am just a silent observer😄

vowiski:
Lol,

Oshiomole style of leadership as NLC chairman.

They both know fuel will increase by N5. Government Increase fuel by N10. Everyone shouts and Oshiomole jumps round the Country.

Fuel reduces by N5. The original plan of the government, Masses say Fuel has reduced and Oshiomole try oooo.

Tinubu increases exchange rate to N1880. They know the economy is N1300-1400.

They bring it down to N1300-1400. Masses scream, Naira is appreciating.

I am forced to ask; Naira is appreciating from where ? Where did the present government meet it?


You can see the smoke and screen?

And the prices of goods and services increased to Match the very high exchange rate. They need to tell us if the prices of goods and services have reduced to match the current exchange rate. Even when the increase salaries, prices will increase further.

Hmmmm.

I think is true check cryto exchanges p2p is at 1222

socialmediaman:
This government is full of propaganda.

Here’s your proof:

https://www.nairaland.com/8046241/fact-checking-numbers-cbns-announcement

FOOTSOLDIER2:


What about the "dollar should hit #2500 already crew?

😄😄😄
That's true ooo.

vowiski:
Lol,

Oshiomole style of leadership as NLC chairman.

They both know fuel will increase by N5. Government Increase fuel by N10. Everyone shouts and Oshiomole jumps round the Country.

Fuel reduces by N5. The original plan of the government, Masses say Fuel has reduced and Oshiomole try oooo.

Tinubu increases exchange rate to N1880. They know the economy is N1300-1400.

They bring it down to N1300-1400. Masses scream, Naira is appreciating.

I am forced to ask; Naira is appreciating from where ? Where did the present government meet it?


You can see the smoke and screen?

Hmmm....... Tinubu is a master strategist. Knows how to achieve his goals. I love your analysis. That is being very smart. It's not easy controlling a crowd without wisdom.

May this government be very, very successfully.

Look at Oshomole, take a look at his back ground and where he is today. Tells you a lot about people who know how to get what they want.

Does this even change the price of things that has already gone up?

zedman1:
They are all here. It's funny how the one just below your comment makes you look like a Nigerian prophet.

😄😄😄
It's very predictable

Edoreborn:
Just googled it now,,na 1425 I saw oooo

It's now 1421

And still going down

Rousehil1:
I went to buy tomato yesterday. The cost are still high whereas dollar is falling. What's the cause?

They were bought when dollar was still high, so they need to sell off old stock.
But GREED of Nigerians is the main problem.

forgiveness:
We thank baba God.

that the dollar is coming back to #216 per dollar

silvoclaira:


It's now 1421

And still going down

So why deceiving people that is 1200?

Keegan:


And

5. The "expectant or observatory" crew. People like you.

You don catch me😄

My pray is if it can enter 900, it be good, what is killing Nigeria is corruption. Argentina devalue their pesos from 350 to 800, since last year it remains at 850. We have more reserves than Argentina. But Nigeria system is too corrupt. Pesos is stable. But Nigeria some Nigerians are taking advantage of the system. May God help us. I don't support Tinubu in any way. But dollars at 1200 is abomination. Nd every Nigeria should contribute it falls to the devalue price of 750.

socialmediaman:


For a government of the same people that lied to Nigerians for 8 years that Buhari was doing well when in reality he was destroying the economy, only to be doing the same thing again, It’s interesting that you choose to believe them again without fact checking for yourself.

This isn't believing...
This is fact... Would u have preferred to wake up and see dollar at 3,000 naira
Now we have seen an increase in the value of dollar....
It's not what we want but it's better than where we used to be and that's what gives room for me to believe that if the appreciation of naira is sustained, over time... Things will become better

I'm honestly ashamed of the people dancing and foaming in their mouth, that naira is appreciating.
Was the naira not 400/500 when he took over power?

What's the meaning of appreciation? Some Nigerian are dull from birth. Theirs is follow come

vowiski:
Lol,

Oshiomole style of leadership as NLC chairman.

They both know fuel will increase by N5. Government Increase fuel by N10. Everyone shouts and Oshiomole jumps round the Country.

Fuel reduces by N5. The original plan of the government, Masses say Fuel has reduced and Oshiomole try oooo.

Tinubu increases exchange rate to N1880. They know the economy is N1300-1400.

They bring it down to N1300-1400. Masses scream, Naira is appreciating.

I am forced to ask; Naira is appreciating from where ? Where did the present government meet it?


You can see the smoke and screen?

socialmediaman:


You're celebrating dollar at N1,300? How much was it when Tinubu came to office? Now ask yourself the same question, you normal so?

so you didn't know that Dollar was floated and is no longer being subsidized as it was before?

lexy2014:


you are correct. pls help us analyse this poster below

..
Check out that same date and go and make a research.... See the inflation rate in USA, UK and Canada for the same period and come back to tell me if things have changed over time....
For a country struggling with terrorism, corruption and massive exit of international investors.... Do u expect the currency of that economy to measure up to those of first world or developed countries??
At times, I feel we Nigerians expect a miracle from a country that is so badly damaged

lexy2014:


exactly...

...
Google gives you rates that are above the official exchange rates and this is so that business men will have a guide without having to go through banks...
What you're seeing now does not reflect the true value of dollar to naira exchange rate

[

You can see the smoke and screen? [/quote]


Did you read what you wrote? I'm certain you have no knowledge of Economics! Why don't you do research than display ignorance?

Richtaiwo:
The set of enemies working out their assses to see Nigeria doesn't get out of the woods will sure be in pains. Some of the devils said the exchange rate will be 3000/$ before the end of March. All because Nigerians rejected their packaged fraud. Some of them are doing useless fact check over what is in public domain. They say it is propaganda and I ask, how can something that is visible to blind and audible to the deaf be propaganda again.

That's why we can never allow igbo to rule this country. After his Excellency,Bola ahmed tinubu finish his 8 years,then we the "ABOKI" folks will take over for another 8years.

After that,we hand over back to our yoruba brothers to continue.