Some Nigerians Profiting From Naira’s FX Market Mess - Business Correspondent

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[@ABZ5102]

I didn't know why fx can't be done in Bank?

[@unubiable]

No production,no export and you want bring dollars prices down. Fantasy!!!!!

[@festusigiewe2914]

No matter how you cut it, somebody wins. It's the law of supply and demand. We are learning the hard way that you cannot consume your way into prosperity without producing what is to be consumed.

[@STAYCOOL-ep6qy]

Nigeria does not have a government? What we have is INCOMPETENT BULABA.

[@medfitconsultant]

I agree 👍. Just talk, talk talk!

[@GgaskiaAta]

Governors, LGA chairmen, who collect billions monthly but unable to provide jobs or secure their state should resign

[@viral_viral1]

This is pure wickedness I can't go to school again can't even transport myself

[@achisq]

Blame your politicians.

[@viral_viral1]

@@achisq i blame everyone of US also

[@CuepointStan]

So sad. The country needs prayers. Hope things work out for you.

[@GgaskiaAta]

Hold all government leaders at all levels federal, state, LGAs all equally accountable. Just shouting Tinubu 24-7 provides a perfect cover for governors and LGA chairmen to LOOT their treasuries. There is hardly any state governor since 1999 that did not exit office a billionaire, even LGA chairmen now exit office as billionaires.

[@AN-Thecouragetolookforward]

The decline of the Naira is related to dollar manipulation. The U.S isn't happy with the Dangote's refinery. The only currency the U.S can't do this to is the Chinese yuan, and they are frustrated about it.. The U.S. punishes nations through currency exchange manipulation against the dollar. It's also a way of stealing wealth from poor nations

[@kingsleyihe5500]

President says '' petrol subsidy is gone ''.....9 months down the line IMF says there's still subsidy on PMS .....today .... 1USD=1780 naira... parallel market (12 40 )pm local time ).....So by the time the subsidy is removed then the music will start playing

[@awmy3109]

What they won't tell themselves is the subsidy being paid was already about 90% over inflated. Go after the loop holes, investigate to ensure the figures are not over inflated and going into few pockets. It's only in Nigeria that politicians and civil servants allocate 50 million for grass cutting and no one bats an eyelid.

[@NelsonMba]

Provide security for the farmers

[@olabodewasiu2627]

Congratulations @channels now at 3M followers 🎉

[@CuepointStan]

It feels like Nigeria is imploding from within. Unfortunately, this was very foreseeable.

[@josephosagwanel-heart41]

It is not just about farmers going back to their farms, it is also about the security of what you have planted. What happens now is that you plant and some persons come from behind to harvest everything.

[@lateefkareem6848]

Some unpatriotic Nigerian are profiting from the Naira weakness, the speculator are the major problem of the slump in Nigeria ..Not every time currency drop becos of negative new but our currency just keep loosing ground without technical reason order than demand and supply speculation...God help us in Nigeria ..

[@JudeOkafor-gi5oz]

This government promised us renewed hope but we are gradually travelling Venezuela route.

[@kingsleyiher9986]

No way.... before you travel to Venezuela....you have to board a flight going to Zimbabwe then you make a stop over at Argentina....

[@kizitoonyeagusi2824]

​@@kingsleyiher9986 bro doesn't understand irony

[@topmedicalshop]

From Zimbabwe to Lebanon a tour in Argentina and the final destination is Venezuela...

[@omoakin5619]

Its going to take a generation to dig us out of this hole we are still digging. MILLIONS WILL DIE!!!!

[@AderemiAdebowale-kl4ze]

What are they using the dollars for bayi?. Bidding for dollar as if it's air. It is well

[@bennyigwebe6376]

Correct productivity is the key

[@isaacstrongtower-ws9qm]

OSHOMOLE suggestion for CBN is the best.

[@sonuga]

Price Discovery....Grammar yi noni 😅😅😅

[@obn1459]

Even if you change those currencies to naira and think you can flex with that naira, u are joking cos the prices of goods will eat up ur money.

[@masterlightjames950]

Both ordinary people and those in business and even government are profiting from it. Nigerians love to make money from the problems facing their country. After profiting, theys start complaining and blaming the government.

[@STAYCOOL-ep6qy]

Does Nigeria have a government? What we have is INCOMPETENT BULABA.

[@deleolushoga4185]

Nigerians just don’t want the government to work. Irony is, everyone bears the brunt. Like Ronald Reagan said, less talk and more action.

[@achisq]

Which Nigerians?

[@masterlightjames950]

Exactly.

[@osemwenkhaeosemwengie]

For those rejoicing over the Naira's slight improvement today, remember that market fluctuations are normal; prices don't always move in a straight line but rather in waves, correcting before potentially surging higher. 3:11 3:13

[@ikeyemo9725]

You people are joking, What do your government doing to create jobs or make local manufacturers function the way it supposed be?

[@kingsleyihe5500]

Next stop 2k in a few weeks

[@nnfefe9451]

There is no need fetching for a toilette paper, just use the naira.

[@alak999]

Naira in tailspin.

[@adeola3805]

It s very easy. If our government can use the media to control our mind set. The same can be use for food production from neighbors hood to neighbors hood. Let the government provide free seed of all varieties and give it free of charge provide free tractor service , free farm education and free irrigation and professional support for upcoming Farmers and apply all these from community level. This will change the narrative.

[@viral_viral1]

Today now as am typing us dollar is 1,815/$ yesterday was 1,725/$ can you imagine

[@masterlightjames950]

No, it has not gotten so high, unless some people are cheating you.

[@viral_viral1]

@@masterlightjames950 we all use black market and from what I saw before watching this news was the figure I posted

[@ikeyemo9725]

Just give it 2 weeks Naira will jump to 2000 for 1 dollar just watch it.

[@Hericoni]

All Tinubu has to do is to sign an executive order - No one should sell currency in Nigeria again except banks through CBN potals. Then, any individual found with more than $1,000 or £1000 cash should be jailed for 3 yrs with no fines. I tell u, once some people are arrested & prosecuted, miracles of cash in dollars will start to flow.

[@AdesuwaOsagiede-ty6sn]

Tinubu has destroyed the Nigerian economy. Tinubu resign.

[@babssloans7945]

Promote naira, down with dollar, it's killing nigeria

[@brownclifford5738]

Latest 1$ = 1,825N

[@gsupport5264]

😮😮😢

[@medfitconsultant]

All the talking, yet Nigerians cannot work things out to an effective solution. The Naira, is gone! Those leaders with greedy and selfish hoarding of dollars 💸 is causing this problem. This is Zimbabwe, for real. You never thought this was going to happen. Here you are, imagine an 🛢 oil rich country like Nigeria,with self destructive leaders. Yet these criminals have the gut to award their salary in dollars equivalent. Terrible country.

[@imomionmarkakhimien5212]

CBN and the Bola's administration should remove two figures or one figure from Naira to make dollar to 17naira or 170naira to 1dollar.

[@gsupport5264]

You go explain taya 😂, on his mandate you shall stand 😂

[@Kxycxx]

Just see English these folks are speaking here. Can't blame them, salary is guaranteed at the end of the month

[@kennyego9264]

I agree with everyone that productivity in Nigeria must improve in order to reduce inflation. However, the current Nigerian government's handling of the situation is disgraceful, and I see no change or improvement if it continues. Tinubu has lost control and has no idea what to do. The current Nigerian situation can be easily resolved if Tinubu does not fall asleep at the wheel and engage in nepotism and corruption. He needs to wake up and start running the country as it should be, not as if it were his family's property. We Nigerians bear a lot of the blame because we elected this idiot with a fake degree to the government. People said Tinubu did good things in Lagos during his governorship, but we forgot that he was not the one who improved the state; it was the interior and development minister at the time, but Tinubu simply took credit for what he did not do. Also, we Nigerians let him lie to us while still voting for him. Wake up, Nigeria.

[@kingsleyiher9986]

😅😊😊😊

[@igeoluwaseun4109]

SELL NGNUSD SL infinity TP OPEN...Entry with full margin

[@igeoluwaseun4109]

Entry reason:Political rising wedge breakout to the downside on Daily timeframe

[@igeoluwaseun4109]

...10years support key levels has just been broken

[@igeoluwaseun4109]

Enter more positions at retracements...

[@muhammed-allialliu136]

😂😂😂😂😂😂

[@afromedia710]

I wonder why Nigerian government have not banned Nigeria bureau de change aka dollar mallam. Magufuli did the same in Tanzania. Ban them and put law enforcement out there to arrest anyone who breaks that.

[@masterlightjames950]

When the people in government are the ones who own the BDCs, why would they ban it?

[@topmedicalshop]

It would worsen your naira , everything is not about ban .

[@Phatkuz18]

CBN should scrap crypto P2P trading 🤣🤣🤣

[@jptv5550]

What has crypto p2p got to do with their incompetence ?

[@johnalowoesin5036]

Are you alright at all Well for your information It can't be stopped That is why it's called p2p You have started having the mentality of the Nigerian government I go knack u pako

[@EdmundOkoye-zv5ro]

You guys are jokers