The easy temporary measures do not appreciate local currency, they only give time to local currency hoarders to unleash at will their old crumbling naira from vaults, graveyards, file cabinets and wherever they hide the loot. Of course depreciating local currency further as they besiege Bureau du Change again. If anyone thinks these money launders do not know the timing and when to flood the market, think again.

Many countries have their form of Bureau du Change and Central Bank but most African countries turned theirs into round tripping enterprises or private banks for the privileged politicians and their cronies. As other countries have checks and balances in place, so do our local regulators that just ignored them with impunity in Africa. It started with the military strong men and got worse regardless of civilian or military government.

https://thenews-chronicle.com/tag/our-currency-in-warehouse-grave/

Let's blame the bureau de change operators and go to bed with empty stomachs

Una never see anything.

When the presidency were defending the Naira all the IPOBidients were crying all over the world bcs they think it will favor on Tinubu and Yoruba

But now that presidency have stop defending Naira we are all only a long ride


Let's wait until we become and industrialized nation even it takes 300 years even if Naira gets to 50000 to dollar

We are together 😁😀😀🤣

Ola9ja23:
When the presidency were defending the Naira all the IPOBidients were crying all over the world bcs they think it will favor on Tinubu and Yoruba

But now that presidency have stop defending Naira we are all only a long ride


Let's wait until we become and industrialized nation even it takes 300 years even if Naira gets to 50000 to dollar

We are together 😁😀😀🤣

does anyone understand what this BATeria is saying??

obiekunie01:


does anyone understand what this BATeria is saying??

I didn't understand him, with Bacteria in his head, he will be sounding incoherent.

Ola9ja23:
When the presidency were defending the Naira all the IPOBidients were crying all over the world bcs they think it will favor on Tinubu and Yoruba

But now that presidency have stop defending Naira we are all only a long ride
Let's wait until we become and industrialized nation even it takes 300 years even if Naira gets to 50000 to dollar

We are together 😁😀😀🤣

So, you now agree that they were defending the Naira? Today, you are singing a different tune.
Are you guys never tired of fuulling yourselves?
Imagine an unemployed graduate borrowing money to buy data to defend the same people that caused his unemployment.

Ola9ja23:
When the presidency were defending the Naira all the IPOBidients were crying all over the world bcs they think it will favor on Tinubu and Yoruba

But now that presidency have stop defending Naira we are all only a long ride


Let's wait until we become and industrialized nation even it takes 300 years even if Naira gets to 50000 to dollar

We are together 😁😀😀🤣

Some people no really get sense.

Obidients demanded for the floating of the Naira, ba?

googi:
The easy temporary measures do not appreciate local currency, they only give time to local currency hoarders to unleash at will their old crumbling naira from vaults, graveyards, file cabinets and wherever they hide the loot. Of course depreciating local currency further as they besiege Bureau du Change again. If anyone thinks these money launders do not know the timing and when to flood the market, think again.

Many countries have their form of Bureau du Change and Central Bank but most African countries turned theirs into round tripping enterprises or private banks for the privileged politicians and their cronies. As other countries have checks and balances in place, so do our local regulators that just ignored them with impunity in Africa. It started with the military strong men and got worse regardless of civilian or military government.

https://thenews-chronicle.com/tag/our-currency-in-warehouse-grave/

75 billion for SMEs
90 billion for Hajj
15 trillion for costal road
500 billion for road construction in fct

Then let's act like we don't know why the naira is falling

Since people who gain by their repeated indifference are the benefactors, pretending they are working to solve the real problems, we are all in trouble. They spend lavishly like a drunken sailor. While privileged Africans in our local communities swallow foreign currencies that cannot be printed in their countries, without sweat. They cannot work their butts off like the people earning euros, dollars and other foreign countries abroad. Could have been prudent if they did.

Banks are commercial enterprises that trade on people’s savings by lending out to borrowers at predetermined interest rates. When the interest rates get too high, it dampens business activities discouraging those who want to start businesses and employ workers. Low interest rates encourage the society and spur commercial activities. The interest rates are so high in many African countries, you wonder who can afford to borrow from banks, make enough profit in order to pay back.

If banks and financial houses are not able to borrow, the banks cannot make a profit from people’s savings. So the banks and financial houses are raided by unscrupulous businesses and politicians. When these banks are no longer viable and they go bankrupt, people lose their life savings. Unfortunately, new generation banks are not in the business of savings and lending but into attracting life savings with high rates of return and looted hidden local currency. Once they gather enough to share within, they liquidate and ask for a government bailout

https://thenews-chronicle.com/tag/our-currency-in-warehouse-grave/

MEEVEET:

75 billion for SMEs
90 billion for Hajj
15 trillion for costal road
500 billion for road construction in fct

Then let's act like we don't know why the naira is falling

But the Naira has been stable at NGN1,480 for some time now.

Stability is all that matters.

Tinubu system is no longer working, orhavehis idea finish. You too loan to defend the naira, when the loan is exhausted what do u expect.

obiekunie01:


does anyone understand what this BATeria is saying??

What do you expect from a motor park tout....?

They are all like that...no single common sense..!!!

They think Nigeria is their usual ‘Kamoru,mount Oshodi bustop and collect owomida from that area and Bashiru,Mount Ojuelegba make you collect owomida money for that area” type of politics they do in Lagos

Apart from Obasajo, does anyone know of any tail or head of state that has been held accountable?

Not even Tinubu dare try the big boys. They and their cronies flood bureau du Change at will.

OUR CURRENCY IN WAREHOUSE GRAVE & VAULT DEPRECIATE BUREAU DE CHANGE

How can local currencies appreciate when we have excess hidden in graveyards, warehouses, bullions vans and safes that can flood the bureau du change at will? We all know this, yet we keep on ignoring the obvious. By repeatedly ignoring facts and expecting different results is the height of hypocrisy. You cannot quench fire without turning off the source. As African politicians punish us with impunity, instead of fighting back, we back into the wall and melt into the wall.

If dem born Tinubu well, let him try. Even Buhari was scared to avenge Banbagida.

The cabals come from the South too, not only North.

Nuhu Ribadu probed and jailed his superior, Chief Inspector General of Police Tafa Balogun under President Obasanjo.

jara:
Nuhu Ribadu probed and jailed his superior, Chief Inspector General of Police Tafa Balogun under President Obasanjo.

Be real those days are gone gone gone!

Tinubu’s big boys are a just a bunch of incompetent hyped ethnic champions, e Don reach to do , do am make we see

Ola9ja23:
When the presidency were defending the Naira all the IPOBidients were crying all over the world bcs they think it will favor on Tinubu and Yoruba

But now that presidency have stop defending Naira we are all only a long ride


Let's wait until we become and industrialized nation even it takes 300 years even if Naira gets to 50000 to dollar

We are together 😁😀😀🤣

Suddenly we are all in it together? I tot u guys are special and will have the best of life while the igbos suffer ? That’s the thinking amongst the yari:bas , no special market with different prices for u guys lol

Na true talk o, dem no dey care about our local currency, dem only dey find ways to chop our money while we suffer.

On ur manhood (gbola)

On ur manhood gbola

On ur manhood we shall stand..

Tinubu dey try wella for our economy, e dey ontop pesin head wey no dey easy! E don try fight corruption, but those Obedients no gree, dem wan carry naira go grave. Abeg, make dem leave am.