Months back obidients we're shouting japa all over SM. All of a sudden they have stopped talking about japaing. They are now saying propaganda. Hmmm. Something is shifting. The ground is moving. Tinubu is doing something right. May Tinubu's time favour me and my family.

seborrhic:

What exactly is your point?
The Japanese yen is 150/$
The South Korean Yuan is 1370/$
These are 2 of the strongest economies in the world.
A country's economic strength is not determined by the face value on it's currency,but on it's earning power,get that into your thick skull.

And what do Japan and South Korea have in common?

Exporters of industrial goods and services. Manufacturers and exporters of industrial goods and services.

(Read my comment again. I no dey talk about face value of currency at all)

P.S And you did not need to be so abusive. I did not abuse you.

You people are supposed to sell for 990 or 1000
Wicked people unpatriotic enemies

nairalanda1:


And what do Japan and South Korea have in common?

Exporters of industrial goods and services. Manufacturers and exporters of industrial goods and services.

(Read my comment again. I no dey talk about face value of currency at all)

P.S And you did not need to be so abusive. I did not abuse you.

I take back that part of abuse.
Just sometimes get fed up with posters on nland who react to every news based on their preconceived sentiments and on whose side of the divide they already belonged to,without dispassionately looking at the facts only

That's the narrative FG is promoting through BDCs . I wonder how this could be possible when our foreign reserve is going down. Believe them at ur own perils.

Govt need to curtail the frequency they sale dollar to BDC.Most of them could be hoarding it or there should be some form of checks and balance.

The best news since Tinubu destroyed the naira and trying his kindergarten maths to fix it back. Foolish president.

favor914:
Go ask your brothers for market wey dey exploit you.

Your brother buy product for 100, come sell am to you from 350, you wan blame Federal Government?

Why you no blame the state government for price control?

They calm down, no be everybody dey blame government, I just want to be sure of price over there including garri. Foodstuffs cost for Abk pass lagos self, most traders worse pass government

Ododo Oro, my guy your head dey there

I know that this propaganda is what many of you have been promoting on social media. Despite the CBN Governor saying that he is not defending the naira, you chose to propagate the lie that the reserves are being depleted to defend the naira.

What is this lie meant to accomplish?

Let us even assume the reserves are being depleted. Are there no inflows into the country's accounts? Do you realize that funds which ought to be used to pay a few fat pigs subsidies are now available for other things like clearing legitimate fx backlogs? Are you also aware that foreign remittances alone can help cushion most of Nigeria’s monthly fx obligations? Do you know that not paying out fx directly to beneficiaries of foreign remittances keeps the funds out of the system and be channeled into other things?

Are you remotely aware that $2.3billion came into Nigeria through foreign remittances in February alone?
https://www.reuters.com/markets/currencies/nigeria-sees-surge-forex-inflow-overseas-remittances-rise-2024-03-08/

Do you even know that Nigeria earns money from exports, imports through duties, royalties, mining and even other FDIs?

Many of you need to curb your hatred for Nigeria. You wish the worst upon Nigeria to justify your ego for not voting the person who defeated your candidate. People with such mindsets are evil and should not he in decent company.

For the first time, I am seeing people who understand the economy taking measures to help our country.

But one final truth must be said: some of you would rather die than see Nigeria develop. But guess what: Nigeria shall rise and work for everyone. Anyone who does not wish such until their candidate wins: may their evil wishes NEVER come to pass upon this nation.[/quote]

What was the balance of forex reserve when dollar was #1,900? If it has an inverse relationship between now and then. Sick people!

CodeTemplar:
What's the balance of FX reserve?

CodeTemplar:
What's the balance of FX reserve?

NIL in 6 months

temptnow:
tinubu and his 40 thieves are finishing our reserves by looting it all

Continue your wailing till eternity

Reality3080:
typical igbo hater

Even if he makes it 1 naira to 1 dollar u igbos will still not b satisfied

See pot calling cattle Black..

Your type are best known to play house negro in the states. Here you can die defending your oppressive Master.

I'm not a house negro boy.

ngwaIgbo223:


See pot calling cattle Black..

Your type are best known to play house negro in the states. Here you can die defending your oppressive Master.

I'm not a house negro boy.

but u are igbo?

CodeTemplar:
What's the balance of FX reserve?

Shey will you eat the balance

ngwaIgbo223:
I65 or nothing.

I'm sure you thought that's where APC met it? Why not where PDP met it, where Obj met it?

olarent:
Don't price in place, the bag of rice bought for 78 in February is now 52k as at yesterday where I bought in February, papanlato ewekoro in ogun state. Likewise groundnut oil and some others things are coming down.

Not in Osun state. Residents of Osun state are too wicked! Imagine Osun state that looks like a rural area having food and general inflation highest next to Lagos state out of 36 states and FCT!

Something that is currently @ 1149.

of a truth APC has nothing to offer but suffer.

ManirBK:


https://dailytrust.com/bdcs-now-buying-dollar-at-n980-abcon-president/

Black market rate lower than official rate.. That's amazing!

maasoap:


I'm sure you thought that's where APC met it? Why not where PDP met it, where Obj met it?

Obj pdp Jonathan PDP so it's normal.. APC change of government so it's two different things.

haffaze777:



You are not wrong my guy,please keep your dollar close to your chest

You will sell it when it reach 10000

The guy is trying to create happiness for himself

ngwaIgbo223:


Obj pdp Jonathan PDP so it's normal.. APC change of government so it's two different things.

My point made.

Make den dey deceive you. I still changed dollar to naira this evening for 1070/$

You are the type who would have 10M in account but wouldn't buy 10 naira paracetamol from it. So, whats the essence of your 10M?

CodeTemplar:
What's the balance of FX reserve?

RichEstate:
You are the type who would have 10M in account but wouldn't buy 10 naira paracetamol from it. So, whats the essence of your 10M?

some 10m Naira are not meant to be touched.

Panic sales just begun. Wahala for who buy $ at 1500 naira and above.

Smallengineer07:

The guy is trying to create happiness for himself

Let him continue deceiving himself