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The Naira is Cooking! CBN’s Master Plan is Paying Off - Business (2) - Nairaland 676i5c

The Naira is Cooking! CBN’s Master Plan is Paying Off (11941 Views)

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nnewsnjobs: 9:59am On Feb 19
Naira supposed to be somewhere around 700/900 per dollar. We still have a long where to go.

Let the momentum continue until we get there.
tnerro1(m): 10:05am On Feb 19
Fake propaganda

1 Like

shortIGBOman: 10:14am On Feb 19
Abel7777:
CBN's Master Plan is Paying Off



https://growingnigeria.com/articles/the-naira-is-cooking-cbn-s-master-plan-is-paying-off

Another one from Tinubu's propaganda Government. How are you celebrating one dollar at over 1,500 naira? When Tinubu assumed office one dollar was less than 700 naira in black market.

1 Like

Jflex07(m): 10:22am On Feb 19
Idiots and scallywags. Take it back to 700, you sycophants and Never do wells!!
surgical: 10:28am On Feb 19
Bluntemperor:


Bitter-man,you want Foreign Money 💰 ( FOREX) to be exchanged to N700 for a Dollar- then Work hard to earn More On Productivity- Exports of Goods Abroad!
Stop thinking 🤔 virile,as we all needs to play our Part.e.g many of us took political blunder- when Emiefiele was --at CBN - and All the FOREX money gone,
-NTrillions of Expenditures in Ways and Means- Uned For by your Emiefiele.
-NBillions of Anchor Borrowers Farmers Money 🤑,gone,with Emiefiele!
•Did you know that Economic Implications of the Above?- No Food for Nigerians- - as the Farmers Money are not getting to them- because of Compromised and Manipulation Situations,etc, at CBN then - we are now experiencing the Long - Term Effects - On Our Foodstuffs- No Good diet on the Tables of Poor Man.
-Kiss the TRUTH!
The guy is not asking for too much it can even get better but you guys are used to punishing the people rather than govern to improve their lives
What you requested of him is job of your government not the individual that made the comment, a serious government don't devalue when it has nothing to export ,a responsible government don't leave its foreign exchange to market forces,that's only done in text books
Besides, eliminating the corruption in the fx market,stopping importation of Petroleum products and putting an end to the dollarisation of the economy will greatly improve the fx rate but the government will not do it because they are beneficiary

1 Like

bdon123(m): 10:29am On Feb 19
Abel7777:
CBN's Master Plan is Paying Off



https://growingnigeria.com/articles/the-naira-is-cooking-cbn-s-master-plan-is-paying-off
U havent made a single sense...how mch was naira to dollar 1 yr ago n how mch now
TechBaron: 10:33am On Feb 19
Rebelutionary:
Except we return subsidy that's when y'all should expect that but like Tinubu told y'all SUBSIDY IS GONE.
Who are the "we"?
Aboki99(m): 10:34am On Feb 19
Ho much have you been faid?
Emotionss: 11:17am On Feb 19
[color=#006600][/color]
galserv:


Don't be a l*natic!

The Naira was devalued. Too much Naira from Emefiele's NGN25trillion ways and means bullllshit caused it.

Funny how a pathetic nonentity like you is doing everything humanly possible to disgrace his lineage and Ancestors all in the name of defending his oppressors in hopes it will give him some sense of self importance or worth..

Now back to the topic.

Who is the idiooot that devalued the Naira few months into his istration and few days after fuel subsidy removal ?

Who is the entity that thought it wise to devalue the Naira on the same period the Nations economy and it's citizens are still trying to understand and navigate the negative effects of the fuel subsidy removal ?

Somebody destroyed the economy of a struggling nation and and almost eliminate the purchasing power of its citizens all in the name policies but somehow we still have uncircumcised nonentity like yourself defending that person and their bad policies.

And we wonder why Nigeria is the way it is

1 Like 1 Share

Gold2024: 11:46am On Feb 19
E shock me how Naira dey bounce back like say e swallow multivitamins. CBN, abeg, no fall our hand this time. We dey root for una.
Queenjoyce405: 11:47am On Feb 19
I am cautiously optimistic. CBN is moving in the right direction, but until dollars goes back to 180N, I still dey observe.

1 Like

DavidOdia2025: 11:49am On Feb 19
This na wetin we dey beg for since real reforms, no be anyhow policies. CBN just dey humble speculators.
Romababby: 11:51am On Feb 19
At least now ehn, when I dey buy dollar for my business, e no be Hunger Games LOL!!!!!!!. But Cardoso abeg, hold the line o.
Queenjoyce405: 11:52am On Feb 19
Emotionss:
[color=#006600][/color]

Funny how a pathetic nonentity like you is doing everything humanly possible to disgrace his lineage and Ancestors all in the name of defending his oppressors in hopes it will give him some sense of self importance or worth..

Now back to the topic.

Who is the idiooot that devalued the Naira few months into his istration and few days after fuel subsidy removal ?

Who is the entity that thought it wise to devalue the Naira on the same period the Nations economy and it's citizens are still trying to understand and navigate the negative effects of the fuel subsidy removal ?

Somebody destroyed the economy of a struggling nation and and almost eliminate the purchasing power of its citizens all in the name policies but somehow we still have uncircumcised nonentity like yourself defending that person and their bad policies.

And we wonder why Nigeria is the way it is
while I get your pain, you must understand that Cardoso didn’t do all these, it’s government, terrible people had done ahead to mess things up, he is even trying to remedy the economy, omo we can only be optimistic, for the first time dollar hasn’t climbed. Typical Nigerian dollar would have climbed up!
Tony2024: 11:53am On Feb 19
This FX Code wey dem introduce, I like am. It dey bring transparency but make CBN no slow down. Na greed dey always spoil show for Naija.
Rebelutionary: 12:25pm On Feb 19
TechBaron:
Who are the "we"?

Nigeria as a country as represented by Tinubu is the[b] "WE"[/b]
SmartyPants(m): 12:26pm On Feb 19
Earthquakes:
Lol price of Rice just increased 😁🤦🏽‍♂️

Where?
Rebelutionary: 12:27pm On Feb 19
Queenjoyce405:
I am cautiously optimistic. CBN is moving in the right direction, but until dollars goes back to 180N, I still dey observe.
There is nothing cautious about your "optimism" cos even you know say na only for your dream Naira go reach #180
anyilalaz: 12:29pm On Feb 19
ClearFlair:
Is it back to N700?

Tell the mofo that he should tag me when it hit 700 then I will know that CBN is working.

1 Like 1 Share

galserv: 1:11pm On Feb 19
Emotionss:
[color=#006600][/color]

Funny how a pathetic nonentity like you is doing everything humanly possible to disgrace his lineage and Ancestors all in the name of defending his oppressors in hopes it will give him some sense of self importance or worth..

Now back to the topic.

Who is the idiooot that devalued the Naira few months into his istration and few days after fuel subsidy removal ?

Who is the entity that thought it wise to devalue the Naira on the same period the Nations economy and it's citizens are still trying to understand and navigate the negative effects of the fuel subsidy removal ?

Somebody destroyed the economy of a struggling nation and and almost eliminate the purchasing power of its citizens all in the name policies but somehow we still have uncircumcised nonentity like yourself defending that person and their bad policies.

And we wonder why Nigeria is the way it is

Od*! You are just a pathetic sore loser!!

There is no free lunch in life. Somebody is paying somewhere. In this case, the FG who used to pay got cash-trapped and fed up of borrowing to pay STUPID, OVERBLOATED subsidies including subsidy of the Naira.

Now, 25 trillion naira was injected by Emefiele from thin air into the economy - not cash o - but credits to various s so that we don't even have the cash value for the money in our system thereby causing cash scarcity.

The Naira had to be devalued to be at par with what we have in our foreign reserves.

Olod*!!
Emotionss: 1:24pm On Feb 19
[color=#006600][/color]
Queenjoyce405:
while I get your pain, you must understand that Cardoso didn’t do all these, it’s government, terrible people had done ahead to mess things up, he is even trying to remedy the economy, omo we can only be optimistic, for the first time dollar hasn’t climbed. Typical Nigerian dollar would have climbed up!

I understand your point.
All I am saying is that for a country like Nigeria filled with human and natural resources to celebrate the current exchange rate of #1500 to a dollar is extremely pathetic especially when the exchange rate was #290/1$ less than 10 years ago and #700 / 1$ less than 1 year ago...

If not for political affiliation and unreasonable sentiments, #1500 to a dollar is not something we should be celebrating.
Dougad: 2:43pm On Feb 19
I am not sure I understand what you are saying about what happened during March 2024. Should the increase in the value of the naira not have made investors more secure about their investment in the country? Why were they in such a hurry to cash out? It makes no sense to me.
Wallade(m): 3:36pm On Feb 19
ClearFlair:
Is it back to N700?

Abeg, help is ask the op ohhhhh
Barcalee: 3:43pm On Feb 19
ClearFlair:
Is it back to N700?

Don't mind them let them be making noise mstchewww
themanderon: 3:55pm On Feb 19
Call me when it gets back to 200 naira where the demonic APC party met it before it fell like a crashing plane.
Yankee101: 4:07pm On Feb 19
Even as bad as. Buhari was it was 700 black market
What is cooking?
You sank a boat and said it is still under water, what’s the achievement ?
OlaB2019: 4:36pm On Feb 19
I really understand the impatience, but I think it’s laudable progress and credit should be given. The real question is “is there hope?” Obviously there is and in reality a long lasting solution will take a slower and more sustainable route, than quick upward swings that’s exciting, only to plummet to status quo; instability in crypto should have thought us all that lesson. Hopefully food and essentials stagnate in prices, as people create more avenues to earn more income to offset higher spending on everyday items.
OlaB2019: 4:45pm On Feb 19
This last detty december was a huge W for the real estate and tourism industries. Honestly, this country’s tourism potential is a diamond in the rough. Why don’t we just copy Dubai’s tourism blueprint…
drstranged: 6:42pm On Feb 19
Why is this nonsense front page! When I read the headline I thought it meant naira is now #460 to the dollar like where the govt met it. Anything short of this is not news worthy but absolute rubbish!
NothingDoMe: 7:37pm On Feb 19
iwaeda:
Put it, the best under APC, let them return it to N216. Where are those who said it will be N700 to a dollar. grin grin grin grin grin
The nation’s foreign reserves which stood at $40.883billion as at January 2, 2025 has decreased remarkably to $38.880billion as at February 17, 2025, according to CBN data.

https://www.google.com/amp/s/businessday.ng/business-economy/article/nigeria-depletes-foreign-reserves-by-2bn-ytd-to-38-88bn/%3famp
Mrexcell(m): 7:43pm On Feb 19
All these are just total rubbish if tinibu can't make the nara to trade for #200 the rate his apc party met it in 2015.
phemmyfour: 7:56pm On Feb 19
Abel7777:
CBN's Master Plan is Paying Off



https://growingnigeria.com/articles/the-naira-is-cooking-cbn-s-master-plan-is-paying-off
Nonsense..anything above N1k is not welcomed

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