Kazeem47:
Some people will want the naira to even go lower than that for them to get more profit,while some are losing.

zcee:
It will definitely favour me and my family

Boldideas:


Getting it right is easy


The Nigeria Export Promotion Council should be turned into Nigeria Export Promotion and Investment Agency.

The FG can use their discretion in scrapping Nigeria Investment Promotion Council or merge them both.

The Nigeria Export Promotion Council have the database of those who have successfully exported charcoal, cassava chips, cashew nuts, and so on from Nigeria.

These companies can be expanded to create a paradigm shift from focus on oil to agro processing and other commodities for export.

This will increase our forex earnings, and also create massive jobs employment opportunities for all Nigeria youths both the employable and unemployable ones and boost tax revenue in all ramifications.

They have succeeded in whatever by exporting their products out of Nigeria, partnership with the Federal Government for business and industry expansion should be strategized for industrialization and economy boost.

It is God's wisdom that Joseph used to save Egypt from famine, only wisdom can save us now.

Peace!!!

minakom:

So many of your kinds in Nigeria. Unfortunate

Shattuck:
Tinubunomics 101, the NNPC borrowed billions of dollars to stabilize the naira yet nothing has been heard from them, can we all now agree that Tinubu is a scam. obviously the old man has nothing to offer except to loot and embezzle with his gang of thieves, you can't be playing trial and error with the economy.

Landowner101:
Should Naira cross #1000 / $1, #1500 /$1 is the next destination. Economy isn't built on propaganda.

wirinet:


And what is the cause of our obsession with dollar? Our obsession with imported fuel, food, medicines, electronics, and medical tourism and foreign education of course.

wirinet:


Nigerians are already missing Buhari.

Insiders familiar with the forex market told Nairametrics that the Central Bank of Nigeria remains the largest supplier of foreign currency in the official I&E window.

However, many businesses opt for the parallel or black market to execute their forex trades, lured by the more favorable exchange rates on offer.

The central question now is whether the newly appointed central bank governor, Yemi Cardoso, will be able to implement strategies that can stabilize the naira and lure investors and businesses back to the official market.

Nazgul:
As long as the supply of dollars into the economy keeps declining while demand for dollars remains relatively unchanged courtesy of the country’s huge demand for dollars fuelled by dependence on imported goods for many economic activities, the Naira would keep falling.

What Nigeria needs to rescue it's naira is a huge inflow of dollars.

Austineva:
Welcome to the zoo where Bigger Animals rules and eat the lesser foolish and docilic animals
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

Nazgul:
As long as the supply of dollars into the economy keeps declining while demand for dollars remains relatively unchanged courtesy of the country’s huge demand for dollars fuelled by dependence on imported goods for many economic activities, the Naira would keep falling.

What Nigeria needs to rescue it's naira is a huge inflow of dollars.

wirinet:


Nigerians are already missing Buhari.

Johnrake69:


We must first solve the issue of insecurity so farmers can go back to farm. That is the first baby step that should be taken to solve the economic crisis. Any other thing is secondary at this point.

Bandits are currently in control of every locality with high agricultural activities. North central, North west and North East. It’s not a coincidence.

Johnrake69:


We must first solve the issue of insecurity so farmers can go back to farm. That is the first baby step that should be taken to solve the economic crisis. Any other thing is secondary at this point.

Bandits are currently in control of every locality with high agricultural activities. North central, North west and North East. It’s not a coincidence.

Nazgul:
As long as the supply of dollars into the economy keeps declining while demand for dollars remains relatively unchanged courtesy of the country’s huge demand for dollars fuelled by dependence on imported goods for many economic activities, the Naira would keep falling.

What Nigeria needs to rescue it's naira is a huge inflow of dollars.

ZombiePUNISHER:


Brace yourselves for the great Tinubulation..

The social media Bandits that supported Buhari for eight years have now shifted their support to Tinubu...

what a tragedy...

nlfpmod:


https://nairametrics.com/2023/09/19/black-market-welcomes-cardoso-appointment-with-n960-1-p2p-now-n970-1/