NewStats: 3,262,693 , 8,177,886 topics. Date: Tuesday, 03 June 2025 at 10:05 AM 83z24

Some of you keep wishing that dollar go straight to 10000 so you can cash out lol 😂😂😂 ,you better sell em off cause it might go below 1k before end of march,this not an advice ,this a serious warning ⚠️⚠️

Ok. You can take your advice to the APC national Chairman Abdullahi Ganduje who holds the record as the only one that uses his Baban Riga for all BDC transactions.

Naira will still fall against the dollar, until we start exporting more and more.

hahaha beer parlor advice

Should I invest in naira then?

Very well.

The Dollar Index set to tank to around 100.5

May take up to two months though.

Toluajib:
Some of you keep wishing that dollar go straight to 10000 so you can cash out lol 😂😂😂 ,you better sell em off cause it might go below 1k before end of march,this not an advice ,this a serious warning ⚠️⚠️

This is not the first time I will see this kind of comment on nairaland.

nairalanda1:
Naira will still fall against the dollar, until we start exporting more and more.

Nigeria is exporting more and earning more dollar than Zambia, Botswana, Chad, Kenya, Ethiopia and Namibia. Why is their currencies not losing value like the naira?

Dollar will hit 2400 before the end of March. Take it to the bank.

Paraman:
Nigeria is exporting more and earning more dollar than Zambia, Botswana, Chad, Kenya, Ethiopia and Namibia. Why is their currencies not losing value like the naira?

LOL....we will never have a strong currency until we export manufactured goods and services

Don't quote me to talk and talk, the truth is, let's minus politics, forget TInubu, Buhari, GEJ, Obasanjo and Yaradua. And even army and shagari and first republic....we have never had a strong currency because we are not an exporter of manufactured goods and services. That is why we are vulnerable to debt, have had a currency that has severely depreciated since 1973, and always have issues with forex reserves.

The problem I have with you guys is that anytime I make the above comment, you think I am working for the other side, or making your beloved side look foolish. I am not. I want Nigeria to be a strong nation. And we can only get there if we stop relying on oil for 80% of our revenue.

There is nothing to be proud of with naira being N1700 to one dollar or even N20 to one dollar self. It just shows our weakness as a nation.

And that is what I have been trying to tell you guys, but all of you, whether Obi, tinubu er like you, Buhari, Atiku, etc, no wan see.

nairalanda1:
Naira will still fall against the dollar, until we start exporting more and more.

What was Nigeria producing when dollar was less than 200/1$ ?

Dollar will crash further when people stop hoarding it.
People will only stop hoarding the dollar when they stop anticipating dollar increment.

Godfullsam:


What was Nigeria producing when dollar was less than 200/1$ ?

Dollar will crash further when people stop hoarding it.
People will only stop hoarding the dollar when they stop anticipating dollar increment.

Hokay, what was NIgeria producing when dollar was less than 6/1$?

Or when it was less than 1/$1?

Your currency has been falling since 1973, from 1 to 1, and you are here to boast about N200 to one dollar? Back when oil prices were so high we were raking in lots of dollars and using 5 billion dollars to defend the naira as a result?

Or you want to talk about the debt we eventually incurred keeping naira at 200, or at 1 dollar?

Am sure you think I am defending tinubu? Hahahahaha...no.

Tinubu was forced to end the goodies because his economist and advisers told him there was no more money in the bank (though he then went on to buy new cars and do lavish spending..lol).


Nigeria is not a producing country. That is why you are here rejoicing over N200 to 1 dollar, and tinubu fans are rejoicing over N1600 to one dollar, when it could have been 1 to 1...if we had been an industrial country for decades!

Nigeria has to be a producing country , not a oil dependent country that when oil drops, we start borrowing to keep the good times going.

D

Godfullsam:


What was Nigeria producing when dollar was less than 200/1$ ?

Dollar will crash further when people stop hoarding it.
People will only stop hoarding the dollar when they stop anticipating dollar increment.

Go crash the dollar now.

A lot of zombies hear that Nigerian government printed over 21 trillion naira to spend on frivolities yet they still keep expecting the dollar to crash.

You will end up in extreme poverty before you wake up from your slumber

LandMann:


Go crash the dollar now.

A lot of zombies hear that Nigerian government printed over 21 trillion naira to spend on frivolities yet they still keep expecting the dollar to crash.

You will end up in extreme poverty before you wake up from your slumber

Be calming down

Balablu and his economic team are making frantic efforts to mop up the excess money in circulation.

That is why the interest rate have been increased to 22.7%.

With the interest rate at all time high and with the CBN pumping more dollars to commercial banks which had helped the naira to appreciate a bit in the past few days, people may soon prefer to save their money in naira instead of hoarding dollars.

I am optimistic that the naira will gain more strength of the policy is sustained.

nairalanda1:


LOL....we will never have a strong currency until we export manufactured goods and services

Don't quote me to talk and talk, the truth is, let's minus politics, forget TInubu, Buhari, GEJ, Obasanjo and Yaradua. And even army and shagari and first republic....we have never had a strong currency because we are not an exporter of manufactured goods and services. That is why we are vulnerable to debt, have had a currency that has severely depreciated since 1973, and always have issues with forex reserves.

The problem I have with you guys is that anytime I make the above comment, you think I am working for the other side, or making your beloved side look foolish. I am not. I want Nigeria to be a strong nation. And we can only get there if we stop relying on oil for 80% of our revenue.

There is nothing to be proud of with naira being N1700 to one dollar or even N20 to one dollar self. It just shows our weakness as a nation.

And that is what I have been trying to tell you guys, but all of you, whether Obi, tinubu er like you, Buhari, Atiku, etc, no wan see.

Why is the Botswana, Chad, Kenya Ethiopia and Namibia currencies not losing value like the naira even though they don't export manufactured goods like Nigeria?

Nigerians are different breed of humans entirely, the only reason dollar is above 1500 today is because of artificial demand.

Those who keep saying we don't export much to earn dollars are the category of people who save in dollars to make profits.

During Buhari era, alot of Nigerians, including the politicians will apply for fake import, school, medical, etc, buy at official rate from banks and sell to BDC.

Remove this irrational demands and see dollars coming down to #500.

Godfullsam:


Be calming down

Balablu and his economic team are making frantic efforts to mop up the excess money in circulation.

That is why the interest rate have been increased to 22.7%.

With the interest rate at all time high and with the CBN pumping more dollars to commercial banks which had helped the naira to appreciate a bit in the past few days, people may soon prefer to save their money in naira instead of hoarding dollars.

I am optimistic that the naira will gain more strength of the policy is sustained.

You think the drama stops at CBN raising MPR to 22.7%?

Do you even understand the chain of reaction that will follow and how it will affect the economy?

Ordinarily raising the MPR should slow down inflation in an economy filled with rational thinking people and in an economy where there is low corruption and very low information asymmetry.

But Nigeria doesn't possess those characteristics. Nigeria, it is tribalism first then religious bigotry second and last.

So what will happen is that banks too will rasie their lending rate, making it more expensive for business to assess loans and capital for their business. This will in turn drive up cost of production which will end up being ed on to the consumer in the form of higher prices of goods and services. The end result for Nigeria is higher inflation.

So, balablu and his economic team have lost control. They should vacate aso rock

LandMann:


You think the drama stops at CBN raising MPR to 22.7%?

Do you even understand the chain of reaction that will follow and how it will affect the economy?

Ordinarily raising the MPR should slow down inflation in an economy filled with rational thinking people and in an economy where there is low corruption and very low information asymmetry.

But Nigeria doesn't possess those characteristics. Nigeria, it is tribalism first then religious bigotry second and last.

So what will happen is that banks too will rasie their lending rate, making it more expensive for business to assess loans and capital for their business. This will in turn drive up cost of production which will end up being ed on to the consumer in the form of higher prices of goods and services. The end result for Nigeria is higher inflation.

So, balablu and his economic team have lost control. They should vacate aso rock

To every action, there will surely be an equal and opposite reaction.

The bold is therefore not unexpected.

But in the long run, the economy will find it's equilibrium and things will balance up for good.

Godfullsam:


To every action, there will surely be an equal and opposite reaction.

The bold is therefore not unexpected.

But in the long run, the economy will find it's equilibrium and things will balance up for good.

Since the creation of this accursed geographical contraption called Nigeria and since the discovery of crude oil in commercial quantity the country has been looking for its equilibrium

nairalanda1:


Hokay, what was NIgeria producing when dollar was less than 6/1$?

Or when it was less than 1/$1?

Your currency has been falling since 1973, from 1 to 1, and you are here to boast about N200 to one dollar? Back when oil prices were so high we were raking in lots of dollars and using 5 billion dollars to defend the naira as a result?

Or you want to talk about the debt we eventually incurred keeping naira at 200, or at 1 dollar?

Am sure you think I am defending tinubu? Hahahahaha...no.

Tinubu was forced to end the goodies because his economist and advisers told him there was no more money in the bank (though he then went on to buy new cars and do lavish spending..lol).


Nigeria is not a producing country. That is why you are here rejoicing over N200 to 1 dollar, and tinubu fans are rejoicing over N1600 to one dollar, when it could have been 1 to 1...if we had been an industrial country for decades!

Nigeria has to be a producing country , not a oil dependent country that when oil drops, we start borrowing to keep the good times going.

3rd most impressive comment.

Chinjo2:
Ok. You can take your advice to the APC national Chairman Abdullahi Ganduje who holds the record as the only one that uses his Baban Riga for all BDC transactions.

Most corrupt polithiefian ever?

Toluajib:
Some of you keep wishing that dollar go straight to 10000 so you can cash out lol 😂😂😂 ,you better sell em off cause it might go below 1k before end of march,this not an advice ,this a serious warning ⚠️⚠️

Dollar can never go that down... Just observe the below graph... It keeps going up.... After 1500 expect a bigger leap like 2024..... You go hear am soon

Godfullsam:


Be calming down

Balablu and his economic team are making frantic efforts to mop up the excess money in circulation.

That is why the interest rate have been increased to 22.7%.

With the interest rate at all time high and with the CBN pumping more dollars to commercial banks which had helped the naira to appreciate a bit in the past few days, people may soon prefer to save their money in naira instead of hoarding dollars.

I am optimistic that the naira will gain more strength of the policy is sustained.

yemmit90:
Nigerians are different breed of humans entirely, the only reason dollar is above 1500 today is because of artificial demand.

Those who keep saying we don't export much to earn dollars are the category of people who save in dollars to make profits.

During Buhari era, alot of Nigerians, including the politicians will apply for fake import, school, medical, etc, buy at official rate from banks and sell to BDC.

Remove this irrational demands and see dollars coming down to #500.