Maisuya1:
THIS IS SERIOUS. IMMAGINE THE CBN SENDING US A LETTER YESTERDAY THAT WE SHOULD GO AND SOURCE FOR FOREX IN THE BLACK MARKET, THEY CAN'T COPE ANYMORE, AM TELLING U NIGERIA IS IN FOR IT. (MEANWHILE OUR ORGANIZATION IS NO 1 IN NIGERIA PROVIDING BOTH FOSSIL AND RENEWABLE ENERGY) IMMAGINE SUCH ORGANIZATION SCALES BACK OPERATION, THE LOSS OF LIVELIHOODS, GAP IN ENERGY MARKET ETC.

THIS GOVERNMENT DOESNT REALLY GIVE A DAMN.

cocoduck:
AT OLAS24U
the US dollar rose against every currency on earth Naira included
The American economy is booming therefore most investors around the world are all trying to cash in and they are now throwing so much money into the country they will have to buy US dollars to do that . That is why the currency's value rose against every other currency. BTW the interest rate has been kept below zero by the federal reserve for a long time now and yesterday they agreed to raise it. The world economy has been financed with cheap dollars and suddenly the dollar has found its value up
econs 101

cocoduck:

SHUT UP the dollar ROSE against EVERY currency on the planet, but it would soon come down because it hurts the American economy, making them get foreign goods cheaply but will pass through hell to export their goods eg Cars. So don't say what you do not know.

cocoduck:
at OLAS24U
Yes I mean it when I suggested you should travel and see for yourself
this currency stuff is not limited to Nigeria
local champion

olas24u:


You are still hanging on point and makes you more ignorant,Rubbles crashed because of market manipulations and a systematic approach to bring down the government of that country .Dont put me into trouble .The Nigerian naira is not stable because of so many factors ,we import refined oil ,and you need to bring in fuel ,pms,koresine,diesel,bitumen, fertilizers , HDP,LDP all bye products of Crude are all imported and you need to buy buy dollars to buy them.Now what about if you refine them locally from your crude what will happen,you will not purchase dollars any more because its available locally .so the pressure of buying dollars reduces. The higher the demand the higher the prices ,the lower the demand for the dollars,the lower the prices .so translate it to politicians at this time changing all their Naira to dollars with all the local consumption being imported .your shoes are imported,your ,panties are imported,your shirt ,so what is produced in your country.

politricks:
Are you okay

cocoduck:
sevule and olas24u
you are just local champions the FALL IN CURRENCY VALUES IS A FVCKING GLOBAL TREND. NIT JUST OIL CRASH OKAY THEN EXPLAIN TO ME YOU KNUCKLE HEADS WHY EVEN THE GBP IS ALSO AFFECTED THE CFA FRANC THAT IS KNOWN FOR STABILITY IS ALSO AFFECTED LOOK I AM AN AUTOMOTIVE ELECTRICIAN I BUY SOME SPARE PARTS AND TOOLS I USE TO WORK FROM DUBAI MY COLLEAGUES IN GABON FOR EXAMPLE HAVE NOT TRAVELD BECAUSE THEY BUY DOLLARS THERE BEFORE TRAVELING SO NOW THE AMOUT OF FCFA THEY NEED TO USE TO BUY A DOLLAR HAS RISEN WHICH WILL EQUALLY MAKE THEIR GOODS MUCH MORE EXPENSIVE BEFORE WHEN I WAS THERE 1 MILLION CFA WILL GIVE U $2000 BUT NOW THEY HAVE TO ADD A FURTHER 200000 CFA TO GET $2000 SO MR AND MRS LOCAL CHAMPION I KNOW EXACTLY WHAT I AM TALKING ABOUT AND IT IS WHY I USED ALL CAPS SO LET IT SINK INTO UR FVCKING THICK SKULLS

cocoduck:

SHUT UP the dollar ROSE against EVERY currency on the planet, but it would soon come down because it hurts the American economy, making them get foreign goods cheaply but will pass through hell to export their goods eg Cars. So don't say what you do not know.

mayorall:
Oga toluxa1 . I site you. Anything for your boy?.

olas24u:


You are still hanging on point and makes you more ignorant,Rubbles crashed because of market manipulations and a systematic approach to bring down the government of that country .Dont put me into trouble .The Nigerian naira is not stable because of so many factors ,we import refined oil ,and you need to bring in fuel ,pms,koresine,diesel,bitumen, fertilizers , HDP,LDP all bye products of Crude are all imported and you need to buy buy dollars to buy them.Now what about if you refine them locally from your crude what will happen,you will not purchase dollars any more because its available locally .so the pressure of buying dollars reduces. The higher the demand the higher the prices ,the lower the demand for the dollars,the lower the prices .so translate it to politicians at this time changing all their Naira to dollars with all the local consumption being imported .your shoes are imported,your ,panties are imported,your shirt ,so what is produced in your country.

tola9ja:
jonathan have distributed everything to the obas

cocoduck:
at OLAS24U
Yes I mean it when I suggested you should travel and see for yourself
this currency stuff is not limited to Nigeria
local champion

bdidi:


Very on point!

You are the only educated person here.

Kudos to you.

If you will agree with me, I don't know why some people here sleep while their eyes remains open. It really beats my imagination with some very unintelligent comments.

Most people don't understand the very workings of micro economics, macroeconomics and the foreign exchange as it affects the global market and world economy especially with the fall in the oil price.

Na the president make the oil price fall?

Some people here have been delusional since the flintstone era!

Once again my friends thanks!

bdidi:


As much as I understand your comments very well, I want to ask? What has the past Govt of over 40 yrs done to revamp the refineries?

Ask America how long it took them to begin to enjoy local production

The turnaround revamping of the refineries is on going. You cannot use 6yrs to put that particular sub sector of the economy right.

The refinery Dangote is building, how long has it been.

The problem I see here is that some few Nigerians are benefiting from these whole Oil debacle from the very beginning oil was discovered in Nigeria and they don't want to let go.

Why is the PIB in the house for so many years not passed into law because they know once that is done, their grip in the oil sector is grounded. And it will now be for everybody to invest in that sector. And that will make it a viable sector and more employment. Private refineries will spring up to meet up with importation.

What GEJ is doing at the moment is to diversify the economy- bringing back Agriculture to its former position. That's transformation and its always a gradual process.

You made mention of excess crude account and what has happened to it been depleted. I can tell you that lots of capital projects have been on going especially in the power sector. The transformation there is very capital intensive. At least in his administration, I can see visible what is going on there unlike the past govts.

Rather than wasting time abusing the president, we should be productive enough in putting our dear country in prayers in these trying time. GEJ, GMB would come and go but our country will still remain except you fall in the category of those who want us to disintegrate. And please have it at back of your mind that I am not in any way dissing you!

Am only looking at it from a different point of view.

God bless you.

cocoduck:
sevule and olas24u
you are just local champions the FALL IN CURRENCY VALUES IS A FVCKING GLOBAL TREND. NIT JUST OIL CRASH OKAY THEN EXPLAIN TO ME YOU KNUCKLE HEADS WHY EVEN THE GBP IS ALSO AFFECTED THE CFA FRANC THAT IS KNOWN FOR STABILITY IS ALSO AFFECTED LOOK I AM AN AUTOMOTIVE ELECTRICIAN I BUY SOME SPARE PARTS AND TOOLS I USE TO WORK FROM DUBAI MY COLLEAGUES IN GABON FOR EXAMPLE HAVE NOT TRAVELD BECAUSE THEY BUY DOLLARS THERE BEFORE TRAVELING SO NOW THE AMOUT OF FCFA THEY NEED TO USE TO BUY A DOLLAR HAS RISEN WHICH WILL EQUALLY MAKE THEIR GOODS MUCH MORE EXPENSIVE BEFORE WHEN I WAS THERE 1 MILLION CFA WILL GIVE U $2000 BUT NOW THEY HAVE TO ADD A FURTHER 200000 CFA TO GET $2000 SO MR AND MRS LOCAL CHAMPION I KNOW EXACTLY WHAT I AM TALKING ABOUT AND IT IS WHY I USED ALL CAPS SO LET IT SINK INTO UR FVCKING THICK SKULLS

cocoduck:
at OLAS24U
Yes I mean it when I suggested you should travel and see for yourself
this currency stuff is not limited to Nigeria
local champion

cocoduck:
AT OLAS24U
the US dollar rose against every currency on earth Naira included
The American economy is booming therefore most investors around the world are all trying to cash in and they are now throwing so much money into the country they will have to buy US dollars to do that . That is why the currency's value rose against every other currency. BTW the interest rate has been kept below zero by the federal reserve for a long time now and yesterday they agreed to raise it. The world economy has been financed with cheap dollars and suddenly the dollar has found its value up
econs 101