$1 To 1700N. Which way forward?

[Rruchi man]

I am still confused why the price is still going up upon all the dreams with Binance and other cryptocurrency exchanges in the country. Presently the price or the exchange rate is USD1 = NGN1564.71 even as this we are still praying for good Nigeria. Last week again President Tinubu said they should extend the Binance Staff detention until the needed information are given. And I don't think Binance is ready to release such vital information to Nigeria Government.

They will look for more people to arrest and more people to blame for their cluelessness, because by now it should be obvious to them that it was not binance or even the naira speculators that they blamed that is the cause of the problem of the naira. They are just chasing shadows and ignoring the real problem, like they do not know it.

It is very embarrassing that one of the detained binance executives is still in custody, it is a shame.

[Cryptsafe]

I am still confused why the price is still going up upon all the dreams with Binance and other cryptocurrency exchanges in the country. Presently the price or the exchange rate is USD1 = NGN1564.71 even as this we are still praying for good Nigeria. Last week again President Tinubu said they should extend the Binance Staff detention until the needed information are given. And I don't think Binance is ready to release such vital information to Nigeria Government.

They will look for more people to arrest and more people to blame for their cluelessness, because by now it should be obvious to them that it was not binance or even the naira speculators that they blamed that is the cause of the problem of the naira. They are just chasing shadows and ignoring the real problem, like they do not know it.

It is very embarrassing that one of the detained binance executives is still in custody, it is a shame.

It is obvious that they are bereft of ideas to revive the economy and strengthen the naira value against dollar as they have been wanting to do. They know the main people behind all these and do not want to take actions against them  but rather they are just dancing around and doing what is just minuit of what they are expected to do.

You could imagine what the binance CEO said In an interview that the government want to take bribe so that they could close the case and release their representative here. It is unfortunate that those who did that exposed the corrupt and sharp practices their agencies have long endulge themselves into. These are the real problems of Nigeria because they would prefer to take bribe than doing right thing that is supposed to be done . Just imagine sending them against those companies and businesses that transacts with dollar instead of naira. The reverse would be the case because they would opt for taking bribe that doing the needful.

[Igebotz]

I am still confused why the price is still going up upon all the dreams with Binance and other cryptocurrency exchanges in the country. Presently the price or the exchange rate is USD1 = NGN1564.71 even as this we are still praying for good Nigeria. Last week again President Tinubu said they should extend the Binance Staff detention until the needed information are given. And I don't think Binance is ready to release such vital information to Nigeria Government.

They will look for more people to arrest and more people to blame for their cluelessness, because by now it should be obvious to them that it was not binance or even the naira speculators that they blamed that is the cause of the problem of the naira. They are just chasing shadows and ignoring the real problem, like they do not know it.

It is very embarrassing that one of the detained binance executives is still in custody, it is a shame.

Who else noticed the rapid gain of Naira two days ago on P2p market? Saw N1,100 on Bybit just when I was about to trade , I knew it was false dip so I logged out and came back the next day and it was already 1,480 barely 24hrs. I have the feeling that the FG is about to subsidize the Naira again with our foreign reserves just like old times since they have no solution to offer.

A country surviving on imported goods for consumption will always have a weaker currency. It's a basic economics but the people up there with various academic degree don't even know or care to ask for help.

[SmartGold01]

I am still confused why the price is still going up upon all the dreams with Binance and other cryptocurrency exchanges in the country. Presently the price or the exchange rate is USD1 = NGN1564.71 even as this we are still praying for good Nigeria. Last week again President Tinubu said they should extend the Binance Staff detention until the needed information are given. And I don't think Binance is ready to release such vital information to Nigeria Government.

They will look for more people to arrest and more people to blame for their cluelessness, because by now it should be obvious to them that it was not binance or even the naira speculators that they blamed that is the cause of the problem of the naira. They are just chasing shadows and ignoring the real problem, like they do not know it.

It is very embarrassing that one of the detained binance executives is still in custody, it is a shame.

Who else noticed the rapid gain of Naira two days ago on P2p market? Saw N1,100 on Bybit just when I was about to trade , I knew it was false dip so I logged out and came back the next day and it was already 1,480 barely 24hrs. I have the feeling that the FG is about to subsidize the Naira again with our foreign reserves just like old times since they have no solution to offer.

A country surviving on imported goods for consumption will always have a weaker currency. It's a basic economics but the people up there with various academic degree don't even know or care to ask for help.

So where is all there efforts to control dollars against Naira so it could be reduce to something else, watch now all there efforts seems to be wasted and yet dollar keeps gaining over Nigeria Naira and yet the upper hands not doing anything against it why.. because they are the people who are special dollars this includes during election and campaign period they kept spending it and now they want to automatically control the price even as that the importation ratios is extremely high therefore the country can't survive if there's no production rather than depending on consumption.

[Agbe]

So where is all there efforts to control dollars against Naira so it could be reduce to something else, watch now all there efforts seems to be wasted and yet dollar keeps gaining over Nigeria Naira and yet the upper hands not doing anything against it why.. because they are the people who are special dollars this includes during election and campaign period they kept spending it and now they want to automatically control the price even as that the importation ratios is extremely high therefore the country can't survive if there's no production rather than depending on consumption.

Right now at the time of posting this, the dollar is #1445 in ByBit, well I will say it has come down a little bit because two days ago it was #1536. When Jagaban enter I was also one of the people that were saying that things would come down very well for people to buy buy ironically everything casablanca. And as e be like this thing e no go better for Nigeria if Jagaban nai be di president. If Atiku go enter naim be di worst. Even Peter Obi is not trusted. And for now this is how we are going to manage till 4 years. And I pray that he should not win again in the next election.

[Sim_card]

So where is all there efforts to control dollars against Naira so it could be reduce to something else, watch now all there efforts seems to be wasted and yet dollar keeps gaining over Nigeria Naira and yet the upper hands not doing anything against it why.. because they are the people who are special dollars this includes during election and campaign period they kept spending it and now they want to automatically control the price even as that the importation ratios is extremely high therefore the country can't survive if there's no production rather than depending on consumption.

Right now at the time of posting this, the dollar is #1445 in ByBit, well I will say it has come down a little bit because two days ago it was #1536. When Jagaban enter I was also one of the people that were saying that things would come down very well for people to buy buy ironically everything casablanca. And as e be like this thing e no go better for Nigeria if Jagaban nai be di president. If Atiku go enter naim be di worst. Even Peter Obi is not trusted. And for now this is how we are going to manage till 4 years. And I pray that he should not win again in the next election.

The government is just confused with their old brains and low thinking. What did you expect that will happen to dollar after all the manipulation in price for the value of Naira to increase in figure but not in the market. It will not last for long because only natural things last for long. The government should stop beating around the bush and confusing themselves chasing shadows when they know the real problem of the country but they don't want to solve it because of their greedy and corrupt mind. The value of dollar to Naira is not our problem, but bad and corrupt leaders is our problem.

[Agbe]

The government is just confused with their old brains and low thinking. What did you expect that will happen to dollar after all the manipulation in price for the value of Naira to increase in figure but not in the market. It will not last for long because only natural things last for long. The government should stop beating around the bush and confusing themselves chasing shadows when they know the real problem of the country but they don't want to solve it because of their greedy and corrupt mind. The value of dollar to Naira is not our problem, but bad and corrupt leaders is our problem.

I was really disappointed with Tinubu Government because I was not expecting this to happen. This the same statement was made by former "Minister of Women Affairs and Youth Development under President Olusegun Obasanjo’s administration". https://sunnewsonline.com/nigeria-under-buhari-tinubu-has-fallen-abysmally-hajia-aishatu-ismail-ex-minister-2/?amp. Really the expectation of the citizens.feom this government was very high and what Peter Obi said is the truth. The problem is Nigeria election is not the INEC but the judiciary. The electorates have nothing to say and do. Their votes were not even counted but the decision was taken by the court to select their preferred candidate as president. And we have seen all.