The Tinubu government is not putting it priorities right defending the naira artificially is a waste of time and resources. The government should do everything possible to put the three refinery in other . If Nigerian can access cheaper fuel, the local products will reduce drastically in price. Most farmers are spending in naira not dollars. Food is rising in price because of high cost of petrol. Let Tinubu and his team have some sense

Indaboski bahosa we know!!

Islie:


https://www.vanguardngr.com/2024/04/why-naira-depreciated-by-23-in-4-days-currency-dealers-analysts-2/#google_vignette

DeepThroater:


The only thing keeping the dollar as a global reserve and trading currency is America's military belligerency.

Those nuclear powered and armed Aircraft carriers and submarines in the US arsenal exist as a force projection to defend one thing only - the US dollar's hegemony .

The US defends the greenback with brute military force and nothing else.

The dollar has no single backing and it's the greatest scam ever pulled on the world's people.

All you wrote up there are wrong sir.
God bless USA.

xavuv:


All you wrote up there are wrong sir.
God bless USA.

Trash.

Breton Woods agreement saw to the dollar being a reserve currency backed by gold.

Nixon removed the dollar from the gold standard and pegged it on US federal lands.

Now it's pure fiat with nothing but pure threat and action of violence from the JewSA.

Rest.

masseratti:

No 2..make it illegal to do any transaction in the country in dollars and place a total ban on road side FX traders black marketers ..make it's a serious crime like someone dealing in cocaine,that's the best way to root out this economic saboteurs.

How will you implement this? You guys always reason like Buhari, forgetting that the so called black market also has its advantage. How will diasporans get naira when they come to Nigeria? Through Banks? They will need a dom account for that. And if you're hoping for banks to exchange it over the counter, you've just created another black market, but this time you've given power to the banks.

DeepThroater:
How can you value your entire economy and currency on that of another sovereign nation's?


Here lies the problem.

The sooner we ditch the dollar and diversify our FX like how GEJ attempted the better we be.

Also GEJ proposed opening up a trading house in Lagos for our oil to be priced in naira.

When that proposal was floated , a Swiss Govt sponsored report came up with the fabulous lie of missing $50bn oil revenue to which Sanusi (a BlackRock appointee as VP Africa ) quickly vetted the unsubstantiated fake dossier.

The enemies of Nigeria are more from within than outside.

Your medicine is worse than the disease

SenecaTheYonger:


How will you implement this? You guys always reason like Buhari, forgetting that the so called black market also has its advantage. How will diasporans get naira when they come to Nigeria? Through Banks? They will need a dom account for that. And if you're hoping for banks to exchange it over the counter, you've just created another black market, but this time you've given power to the banks.

Is there black markets for FX in an organised economy like in the west ?

Black markets are a sign of a failed regulatory central banking system.

Rest.

grandstar:


Your medicine is worse than the disease

So you want to remain slaves to Jewish money changers in the west ?

Slave .

Vadese1:
The Tinubu government is not putting it priorities right defending the naira artificially is a waste of time and resources. The government should do everything possible to put the three refinery in other . If Nigerian can access cheaper fuel, the local products will reduce drastically in price. Most farmers are spending in naira not dollars. Food is rising in price because of high cost of petrol. Let Tinubu and his team have some sense

No.

Tinubu should handover the refineries to BlackRock portfolios just as Obi handed primary schools owned and built by the state to the Catholic church.

DeepThroater:


And another thing you must note is that there will be demand for naira from global brokers.

The CBN will simply tell those brokers to approach merchant banks to procure naira .

Do you think our ever thieving banksters will sell their naira so low in such a scenario ?

Nigerian banks will maximise their naira reserves to milk the brokers .
So instead of the current #1,200 to a dollar, Nigerian banks will form a cartel to milk as much dollars from brokers and this will see the naira sharply increase in value.

If we can pull this off without the US bombing us in the guise of freedom and democracy , naira will fastly appreciate to less than #100.

The only thing is this won't happen soon because the US and UK will sabotage our oil production and find a way to impose sanctions. This is the reason they hate Iran because Iranian oil is traded in Tehran and their central bank still remains one of the few remaining public banks.

I dey fell you my brother

DeepThroater:


So you want to remain slaves to Jewish money changers in the west ?

Slave .

Don't blame me for your poor understanding of economics.

Mighty China, the second largest economy in the world has $3.2 trillion in foreign reserves, has a huge amount of it invested in American treasury bills.

The dollar is the world's reserve currency. It is the most preferred currency for international trade. If you want to become impoverished, ditch the dollar!

The value of a currency is always vis-à-vis another currency.

Nigeria does not export enough and that's one of the main reasons the Naira is weak. A strong Naira encourages importation while a weak Naira encourages exports.

Japan, South Korea and China became export giants and wealthy nations by weakening their currencies against the dollar so that their exports could boom.

Ezmans:
I listened to omokiri and sell of my dollars but now am regretting

😂 You go dey listen to that werey

I still hold my own strong sha . My target Na 1500 them I convert

grandstar:


Don't blame me for your poor understanding of economics.

Mighty China, the second largest economy in the world has $3.2 trillion in foreign reserves, has a huge amount of it invested in American treasury bills.

The dollar is the world's reserve currency. It is the most preferred currency for international trade. If you want to become impoverished, ditch the dollar!

The value of a currency is always vis-à-vis another currency.

Nigeria does not export enough and that's one of the main reasons the Naira is weak. A strong Naira encourages importation while a weak Naira encourages exports.

Japan, South Korea and China became export giants and wealthy nations by weakening their currencies against the dollar so that their exports could boom.

Has it occured to you that all of China's major production is financed by western investors ?

The US played the same trick on the Saudis that their oil revenue must be reinvested in US stock so as to not cause a one way cash flow.

The chinks were promised same deal by Nixon to get US and western tech and cash investments in the condition that China invests in US treasury bills.

Now the chinks are getting sense and seeing this as a scam and are bypassing commodity markets in the west by going straight to resource countries in Africa to sign trade agreements.

The chinks are also trying to de-invest from the dollar by pushing BRICs. The only draw back being that most Chinese sales are based in western countries from western invested firms.

It's for this reason I see China as a paper tiger unlike Russia which does not in anyway rely on the west.

The future is Russia and not those communist prone insectoid slave economy chinks.

DeepThroater:
How can you value your entire economy and currency on that of another sovereign nation's?


Here lies the problem.

The sooner we ditch the dollar and diversify our FX like how GEJ attempted the better we be.

Also GEJ proposed opening up a trading house in Lagos for our oil to be priced in naira.

When that proposal was floated , a Swiss Govt sponsored report came up with the fabulous lie of missing $50bn oil revenue to which Sanusi (a BlackRock appointee as VP Africa ) quickly vetted the unsubstantiated fake dossier.

The enemies of Nigeria are more from within than outside.

You have nothing to say. You are still talking about oil. We need more transparent investments outside oil.

EmeeNaka:
This one is Naira appreciation through bullying.

Thank you

EmeeNaka:
This one is Naira appreciation through bullying.

Thank you . You red this long article

emmi14:

You have nothing to say. You are still talking about oil. We need more transparent investments outside oil.

I suggest slaving .

God knows we need to decongest Nigeria of its nigger population just as we did in the past.

Japa will soon come by force for yamris.

Trying to untie Naira from the apron strings of US$ and other Western currencies was the 2nd cardinal and unpardonable sin GEJ committed against Western interest.

The 1st sin was the signing into law of the anti gay bill. Once that bill was signed by GEJ, Obama vowed to walk with anyone including terrorists in Northeast Nigerian to remove GEJ.

Today, the cutting of economic shackles and pillaging of African resources by the West is being pursued by the young military governments in Burkina Faso, Niger, Mali, and Guinea with great success.

DeepThroater:
How can you value your entire economy and currency on that of another sovereign nation's?


Here lies the problem.

The sooner we ditch the dollar and diversify our FX like how GEJ attempted the better we be.

Also GEJ proposed opening up a trading house in Lagos for our oil to be priced in naira.

When that proposal was floated , a Swiss Govt sponsored report came up with the fabulous lie of missing $50bn oil revenue to which Sanusi (a BlackRock appointee as VP Africa ) quickly vetted the unsubstantiated fake dossier.

The enemies of Nigeria are more from within than outside.

cuteboy2:
Trying to untie Naira from the apron strings of US$ and other Western currencies was the 2nd cardinal and unpardonable sin GEJ committed against Western interest.

The 1st sin was the signing into law of the anti gay bill. Once that bill was signed by GEJ, Obama vowed to walk with anyone including terrorists in Northeast Nigerian to remove GEJ.

Today, the cutting of economic shackles and pillaging of African resources by the West is being pursued by the young military governments in Burkina Faso, Niger, Mali, and Guinea with great success.

So much so that the homosexual Obama banned US companies from buying Nigeria crude.

The bastard even floated BH and propped up that idiot Buhari to steer us back into debt .

God punish Buhari , Sanusi and the entire APC.

But that doesn't mean that Obi would have been better .

That Zionist IPOB idiot would have been the best Shabbat Goy to Larry Fink and Jewish banksters.

These BDCs are even hoarding dollar.

DeepThroater:


So much so that the homosexual Obama banned US companies from buying Nigeria crude.

The bastard even floated BH and propped up that idiot Buhari to steer us back into debt .

God punish Buhari , Sanusi and the entire APC.

But that doesn't mean that Obi would have been better .

That Zionist IPOB idiot would have been the best Shabbat Goy to Larry Fink and Jewish banksters.

it is in their best interest that criminals remain in the seat of power for nigeria. that's one surefire guarantee that the country will never progress and threaten their international influence. Just look at buhari and tinubu.

DeepThroater:


Is there black markets for FX in an organised economy like in the west ?

Black markets are a sign of a failed regulatory central banking system.

Rest.

You’re not the west. You can never be like the West. You’re a black man that has squandered his money from oil proceeds since 1960 and now thinks a bunch of oil trade done in Naira will miraculously save his economy despite producing and exporting nothing of value.

This is why you are APC. Nothing of value comes out of your head.

Gboom:

Going from consumption to production is not a day job, it entails a lot of infrastructure to be put in place.
Your obi is just a deceiver because he is one of those importing goods to Nigeria thereby killing production

can you pls name the products that obi imports that have killed production and which companies were producing those porducts?

DeepThroater:


Trash.

Breton Woods agreement saw to the dollar being a reserve currency backed by gold.

Nixon removed the dollar from the gold standard and pegged it on US federal lands.

Now it's pure fiat with nothing but pure threat and action of violence from the JewSA.

Rest.

Good. Less giberish you have written up there.
Stop being lazy in using google.

CheapHomes1:


if Government has no business running refineries, who runs the refineries in Saudi Arabi and Qatar?

Good question. Even Dubai ( united Arab Emirates) runs it's own crude that have placed them where they are today

The problem was that Odumeje, the Liquid Metal was out of the country.
Now he's back, with his Abidoshaker, the exchange rate will bounce back to ₦720/1$

PotatoSalad:

Save your dollars and keep only money you need for day to day runs in naira.
I said something about the naira appreciating two weeks ago as CBN abracadabra, some people came for my head.
No country's currency increases in value without production, investment and export.
Naira will go to 2k and beyond.
It's not even a prayer cos everyone is affected one another. But keeping your money in USD gives you an upper hand.

You guys should stop all these nonsense thinking of Nigeria not being a producing country.
Nigeria is the 5-6 largest producer in the world.
This is what most Arab countries are enjoying life with.
Nigeria's problem is corruption and mismanagement.

BodyCount:

You guys should stop all these nonsense thinking of Nigeria not being a producing country.
Nigeria is the 5-6 largest producer in the world.
This is what most Arab countries are enjoying life with.
Nigeria's problem is corruption and mismanagement.

Dm me your dealer connect.
Shii is strong

bdon123:

Baba hear me n hear me well no refinery run by FG will ever work in naija.Government has no business running refineries as its supposed to be profit oriented not a political tool to appease politicians.dangote refinery will succeed becos its private n profit focused

stop talking off point. If the govt can't run business or supervise those who run one, how will the govt run itself?
This theory about govt not being able to run a business is from idiots close to seat of power who want to buy the country with what they have taken from it. That's why you see them using fronts to buy all privatized sectors and still can't run them. They cry about subsidy. Subsidy is not an issue if the govt buys directly from them at a profit and sells at loss. They want killer profit in exchange for shitty service they provide or all the money in the world for a normal service. Govt around the world do own and run businesses and ours shouldn't be an exception.

DeepThroater:


The only thing keeping the dollar as a global reserve and trading currency is America's military belligerency.

Those nuclear powered and armed Aircraft carriers and submarines in the US arsenal exist as a force projection to defend one thing only - the US dollar's hegemony .

The US defends the greenback with brute military force and nothing else.

The dollar has no single backing and it's the greatest scam ever pulled on the world's people.

You just need to get ORIGINAL knowledge not propaganda.

You obviously don't know much.