Racoon:
Meanwhile, do you agree? Can you stake your dollar or investment into the hands of those who have no accountability and unbridled penchant for institutional corruption?

"Nigeria Plans a $10 Billion Diaspora Fund to Attract Dollar Inflows"

The federal government has announced plans to set up a $10 billion diaspora fund to attract investment from citizens living abroad.

Itiskdg121:
Only God knows the people sabotaging the country's progress.

Eriokanmi:
Only those who don't know tinubu in lagos will be expecting miracles. We know better

Millimann:
Just last week, Aisha Yesufu told everyone not to offload their dollars because she knows this government are scammers, but the agbado e-rodents insulted her

Racoon:
The useless government is now tired of depleting the foreign reserves to shore up the Naira, the government have contract with floating and now the dollar is back to it earlier state. Only pray it does not get worst.

Government is not magic that can be ran based on overt lies, deceit and propaganda. Reno Omokri please open your wide mouth again to rant. FreeStuffsNG is not talking again o.

Fujiyama:


^^^


There's something very wrong when the CBN governor's denial spooks the markets instead of calming them.

Racoon:
https://businessday.ng/news/article/naira-maintains-steady-fall-as-speculators-scoop-dollars/


Naira slumps seventh times against Dollar in days at Foreign Market


https://dailypost.ng/2024/04/26/naira-slumps-seventh-times-against-dollar-in-days-at-foreign-market/

Alexis11:


Well said.

The best thing is for this country to divide because what Obidients are doing now, others will do it if their fraudster Messiah manage to become president[b] (which is almost impossible by the way)[/b].

The situation now is more like let the country collapse so that we can tell the people that voted for the incumbent "we told you"... This trend will never end.

Racoon:
The useless government is now tired of depleting the foreign reserves to shore up the Naira, the government have contract with floating and now the dollar is back to it earlier state. Only pray it does not get worst.

Government is not magic that can be ran based on overt lies, deceit and propaganda. Reno Omokri please open your wide mouth again to rant. FreeStuffsNG is not talking again o.

Otulented:
Worst nation on earth

Babalegba:
Obedients caused this particular problem. They kept mouthing off that Cardoso is using foreign reserves to shore up the naira. They got very loud so Cardoso had to deny which spooked the market .
Nigerians are their own worst enemies but guess what nigerians deserve all the hardship they get so naira can as well go to one million to one dollar. Retard nation

tctrills:

Follow the economics not what your mind is telling you.
Right now, would you change your savings dollars to naira or the other way round?

lordm:
I had faith in Tinubu before o, but as things dy unfold ehn. He Don cast

Racoon:
The useless government is now tired of depleting the foreign reserves to shore up the Naira, the government have contract with floating and now the dollar is back to it earlier state. Only pray it does not get worst.

Government is not magic that can be ran based on overt lies, deceit and propaganda. Reno Omokri please open your wide mouth again to rant. FreeStuffsNG is not talking again o.

SoNature:
If you want naira to grow in Nigeria, ban all Nigeria-based businesses from asking for payments in USD. If they won't accept naira from Nigerians, pack up and leave.

Then, criminalise and punish those seen with foreign currency in this country. People who are paid in foreign currency can sell their USD as digital currency and not carry the physical cash.

Unfortunately, this cannot happen here because politicians and their friends are the first set of culprits. When you see the government folks chasing Binance and AbokiFX up and down, they are just looking for ways to distract Nigerians - they know this.

Itiskdg121:
Omg
I'm really fed up of news like this.
Only God knows the people sabotaging the country's progress.

This is not a good news at all

PureFace1:
I believe Naira will be stable soon

uncleck:
The pattern with which naira was gaining recently looked suspicious and appeared fake. There was no significant policy shift that necessitated the rise of naira so it was just a matter of time before it goes back to it's real value. That notwithstanding, don't rely on this momentary fall to make your speculations. I heard many people are paying their school fees abroad this period thus driving the demand for foreign currency ...

TheOgaBoss:
u people cannot nust accept responsibility, u must always look for someone to blame, nobody is sabotaging anything, what we are seeing is tbe result of poor economic planning and management.

lordm:
I had faith in Tinubu before o, but as things dy unfold ehn. He Don cast

uncleck:
The pattern with which naira was gaining recently looked suspicious and appeared fake. There was no significant policy shift that necessitated the rise of naira so it was just a matter of time before it goes back to it's real value. That notwithstanding, don't rely on this momentary fall to make your speculations. I heard many people are paying their school fees abroad this period thus driving the demand for foreign currency ...

theredaddy:



Is that what a chinese, british or American will do, over time we keep saying it here we are our very own Problem ...

Are we the only country with unstable naira ... you go about encouraging people to save there money in dollar then you jump out nd claim Govt is the problem, are you not even worst than the govt

don't you understand speculations nd demand to "hoard" is what gives the naira a free fall

uncleck:
The pattern with which naira was gaining recently looked suspicious and appeared fake. There was no significant policy shift that necessitated the rise of naira so it was just a matter of time before it goes back to it's real value. That notwithstanding, don't rely on this momentary fall to make your speculations. I heard many people are paying their school fees abroad this period thus driving the demand for foreign currency ...

tctrills:

Keep saying nonsense.
The Chinese, British and the people of Japan have more dollar savings than any other nation.
It takes a fool to save his money in an unstable currency when he can save it in dollars.
Again, the average Nigerian is not to blame for your destroyed currency, please blame the mad man you voted for not me.
It's either you are just being dishonest or you are naive and ignorant.
Let me put it this way, if you have a million dollars right now, can you honestly tell me that you will covert it and save it as Naira?
Also, ask yourself, why does the Nigerian gov save in dollars?

theredaddy:



Can you back that up with stats/facts ... before i teach you what you don't know

derecho:
Cardoso boys will come and blame obidients very soon

tctrills:

You have nothing to teach.
[url]https://www.investopedia.com/articles/investing/033115/10-countries-biggest-forex-reserves.asp#:~:text=China%20has%20by%20far%20the,total%20is%20nearly%20%244%20trillion[/url]
China alone has over a trillion dollars
https://www.statista.com/statistics/268177/countries-with-the-highest-public-debt/

tctrills:

You have nothing to teach.
[url]https://www.investopedia.com/articles/investing/033115/10-countries-biggest-forex-reserves.asp#:~:text=China%20has%20by%20far%20the,total%20is%20nearly%20%244%20trillion[/url]
China alone has over a trillion dollars
https://www.statista.com/statistics/268177/countries-with-the-highest-public-debt/

uncleck:
The pattern with which naira was gaining recently looked suspicious and appeared fake. There was no significant policy shift that necessitated the rise of naira so it was just a matter of time before it goes back to it's real value. That notwithstanding, don't rely on this momentary fall to make your speculations. I heard many people are paying their school fees abroad this period thus driving the demand for foreign currency ...

Racoon:
https://businessday.ng/news/article/naira-maintains-steady-fall-as-speculators-scoop-dollars/


Naira slumps seventh times against Dollar in days at Foreign Market


https://dailypost.ng/2024/04/26/naira-slumps-seventh-times-against-dollar-in-days-at-foreign-market/