Kk

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BigIyanga:

Everybody body in Naija is an importer or consumer of imported products. This your Chinco phone was imported.
Dangote is our biggest importer.
Banks and Telecoms are big importers.

Make una dey calm abeg.. have u saved for Fuel ans FX increase?.

You failed to add two Igbo importers Innoson & Mazi Peter Obi aka Next Cash & Carry of imported goods.

Some of us that do foriegn business ,we are finding it hard to raise IPO and also with the lack of availability of forex ,if CBN can make Chinese yuan available that will be great

Of they devalued the naira we will know via exchange rate in days to come ...Aboki FX is there

sonature1:
I like it when a news media reports a news story and stands by their words. It shows the organisation is credible and trustworthy.

Same way Vanguard stands by Obi' religious war story? Noted.

I thought Zombies said this man is brilliant
What has he done that's different from what an average person will do as president

Government of liars, scammers and deceivers.

Sack CBN Governor

Sack CBN Governor immediately

Niaja on a long thing... Money must be made by the corruption personified individual!

dre11:


https://dailytrust.com/importer-to-cbn-tell-the-truth-naira-has-been-devalued/

SmartyPants:


Same way Vanguard stands by Obi' religious war story? Noted.

Kindly remove smart from your moniker and leave panties.

I thought you wanted to add something useful to the discussion.

Over devalued sef! Dey dia

klismann12:
We re in fro a long run except Peter obi comes on board,the statusquo would continue

You are right, Peter Obi is an expert in lying.

We know, but they don't want to admit it.




Are you a teacher?
Or you can get parents to register their kids for coding classes?


Head over to
https://codegummy.com/referral-program

This is just a tip of the iceberg. Nigeria had burrowed so much such that our GDP can no longer sustain us and pay debt + interest at the same time.
If subsidy on fuel, electricity, medical equipment, drugs still continues. The government will have no choice than to increase salary by 10% and increase tax by 25% or otherwise reduce workforce by between 25% to 32%.
I don't why Tinubu come during this period when the WORLD ECONOMIC WAR IS GETTING TOUGHER AND BITTING COUNTRIES HARDER. May God save his image.
Government across the world now lied about the status of their economy just because they didn't want to loose would be investors

And the disaster continues... Tinubu, just like Buhari... Same old man who is an ethnic god, who desperately wants to fulfil a lifelong ambition, voted in by 2sets of people: ethnic bigots and religious fanatics.
Those of us who genuinely wanted a change are not many unfortunately. The bigots are much more in numbers, lets be honest.
The bitter truth is that Tinubu ACTUALLY won the elections, the larger part of the southwest voted for him on ethnic loyalty ground, while up north, their clerics told them the muslim-muslim ticket was too juicy to pass up. Atiku had always been regarded as a munafikeen during all the time he romanced the southeast, so APC had all their votes. As for Obi, the muslim northerner would rather die of hunger, banditry than vote "an infidel".
And you can't win Nigeria if you can't take even if its a quarter at least of such a vast demographic as the muslim north. That chasm was too wide, it cost Obi the elections, forget about the riggings here and there in the south, those were to pad up Tinubu's numbers to make the victory gap wider than it actually was.
Lets brace up for the next 8years, anyone that can get out, should.

Ahmeduana:
This party called APC as not learn a single lesson for the past 8 years that you cannot lie your way out of governance! They should continue.

Those who have been in leadership positions know there is a word of difference between lying about a piece of information and keeping it low key until the appropriate time for dissemination.
For example, Buhari's government already removed petroleum subsidy since signing the new budget in January (He only made provision for subsidy for the first 6 months of the year, meaning that from July there is no subsidy). Most people didn't know that and everything was fine. What happened as soon as Tinubu came in and announced this? Chaos. Now labour is threatening to go on strike for something that was signed since January! Information management is very important my guy.

arejibadz:
once cbn confirm this news expect black market rate to drop, so if your saving in usd make sure you watch out for this

You don't need any further confirmation. Pls turn in your dollars, black market rate is heading downwards soon.

dustmalik:
Why is Emefiele still the CBN governor?

Because he is my friend.

arejibadz:
once cbn confirm this news expect black market rate to drop, so if your saving in usd make sure you watch out for this

.
How will it drop.

Sir, we are still import dependent.
Assessing CBN fx can be time and documentation consuming...

U need to understand the economic behind fx.
With what we have borrowed and the import dependent nature of our economy...how.will it drop.
What are we producing in large quantities and exporting that will give us forex.
Do u understand the demand for dollars

Kukutenla:
I thought Zombies said this man is brilliant
What has he done that's different from what an average person will do as president

He has done what Obi can't do.

Lush100:
.
How will it drop.

Sir, we are still import dependent.
Assessing CBN fx can be time and documentation consuming...

U need to understand the economic behind fx.
With what we have borrowed and the import dependent nature of our economy...how.will it drop.
What are we producing in large quantities and exporting that will give us forex.
Do u understand the demand for dollars

you better remove your money if your saving in usd ,go and check the blackmarket charts to see how naira gained when daily trust anounced the news this week,once cbn confirms the devaluation people would start selling dollars which means naira would gain against the dollar

arejibadz:
once cbn confirm this news expect black market rate to drop, so if your saving in usd make sure you watch out for this

Emotions and wishes do not determine exchange rate.

Teenaira:


He has done what Obi can't do.

What's that?

Patrioticman007:


You failed to add two Igbo importers Innoson & Mazi Peter Obi aka Next Cash & Carry of imported goods.

Biggest importers are:
NNPC, Dangote, Otedola, Wale Tinubu, ShopRite ..

babyfaceafrica:
What's the name of the importer? All these anonymous dey shady.. Anyways.. In weeks to come, we will know the truth

So you did not read the portion where Dailytrust newspapers asked CBN to provide proof against the story?

Is it difficult for you to ask your bank (that is if you have one), what’s going on with exchange rates?

sonnie10:

Emotions and wishes do not determine exchange rate.

ok wait till next week ,lets see

Gaabasky:
We survived endsars, we survived covid, we survived, borders closure, we survived Emefiele's new note scam, we shouldn't lose hope in this fuel subsidy. We are going to survive it as well.

If they like let 1 dollar =10000 naira we go still survive

We always "survive" and put up with rubbish...that's the real problem. But this time will be different. We will survive but the government will reverse it's Draconian policy. Make refineries work first first or remove the subsidy gradually.

Day 1 subsidy removal
Day 2 pump price hike
Day 3 transportation cost go through the roof
Day 4 naira devaluation

What sort of madness is this?

arejibadz:
you better remove your money if your saving in usd ,go and check the blackmarket charts to see how naira gained when daily trust anounced the news this week,once cbn confirms the devaluation people would start selling dollars which means naira would gain against the dollar

.

U will understand by and by.

Make sure that when the time comes, u will not give excuses.
will it fluctuate? Yes.
Can it stay on 630 naira per dollars for 2 years running: No

Lush100:
.
How will it drop.

Sir, we are still import dependent.
Assessing CBN fx can be time and documentation consuming...

U need to understand the economic behind fx.
With what we have borrowed and the import dependent nature of our economy...how.will it drop.
What are we producing in large quantities and exporting that will give us forex.
Do u understand the demand for dollars

What is pushing the rate up in the black market is the large unfulfilled official demand for Dollars. When lots of these official demand are met then the demand at the black market will reduce leading to crash in rates.

Finally, from the NNPCL down to the CBN PRO it seems those guys have lost touch with the current reality, just pure vibes, subsidy and rates..

arejibadz:
once cbn confirm this news expect black market rate to drop, so if your saving in usd make sure you watch out for this

you don't understand FX market, once this News is confirmed dollars dey hit 900