$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.

[Cryptsafe]

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.

This is what you get when you allow old folks govern a nation with young inspiring youths. I am beginning to think this whole dollar naira saga is a Kind of a intentional as one of their strategies to while away time distracting the citizens from government activities as they continue to loot our natural resources.
They are fighting Crypto and  accusing Crypto exchanges of causing naira devaluation how about the crude oil sales they do is it not in dollars? Or we sell oil atleast we should tell the international community that we prefer they buy in our own currency and see how it goes. Atleast this would show their seriousness in combating the naira devaluation after all we are the sellers which gives us much right to choose what currency to transact with which should be in our own naira.

[Yamzakid]

Have you checked binance recently? the price of one dollar is now up to 1,800 naira and all merchants are now hodling their bags very close to themselves.

I just tried to get some more coins from them and I couldn`t get any - to get usdt now, you have to buy through credit card because no merchant have an active ads on binance during the period this post was made.

Is now around 1875 naira per dollar, dollar is not slowing down at all and I believe before the end of this month or around next month e go hit 2k. Which e nor go dey pretty at all because the rate things one tey rise nor be here ohhh. They got to take action fast before dollar go go hit 5k

I pray make the price no reach 5k becos e no go dey funny for country, even as it is now we go here different price in the market soon, and normally marketers dey wait make dollar price rise even the ones wey know nothing about dollar.
the government no care about citizens and we too dey contribute to the problem that's why the problem dey hard us to solve but I pray make e good one day

[Sim_card]

Have you checked binance recently? the price of one dollar is now up to 1,800 naira and all merchants are now hodling their bags very close to themselves.

I just tried to get some more coins from them and I couldn`t get any - to get usdt now, you have to buy through credit card because no merchant have an active ads on binance during the period this post was made.

Is now around 1875 naira per dollar, dollar is not slowing down at all and I believe before the end of this month or around next month e go hit 2k. Which e nor go dey pretty at all because the rate things one tey rise nor be here ohhh. They got to take action fast before dollar go go hit 5k

I pray make the price no reach 5k becos e no go dey funny for country, even as it is now we go here different price in the market soon, and normally marketers dey wait make dollar price rise even the ones wey know nothing about dollar.
the government no care about citizens and we too dey contribute to the problem that's why the problem dey hard us to solve but I pray make e good one day

I no think say dollar go reach 5k,because we see how the government dey fight to make sure say dollar no go up again,but them dey do am in a wrong way and na wetin dey pain everybody pass. Instead of the government to think how to start to dey produce most things wey we dey consume for Naija, so that we go get enough to take care of ourselves, but them dey busy dey do nonsense we no make sense to decieve us and put the blame of their corrupt and poor government on exchanges. If them no come up with a better solution on how to tackle this dollar to Naira price value, we fit see dollar for 2k before the end of this year, and by then make we see who them go put the charge for him head.