God what is happening to Nigeria...

When GEJ was there, APC propagandas were busy running their deceitful mouth,saying all sort of things even on nairaland.


Now they are there they can't even make $1=N100. Instead the naira is falling more.


In as much as more evil is be-falling Nigeria,Its not really a good news but this will put some sense into the 15million naive people who believed APC and their lies.

Until we the masses decide to use our brain instead of trusting and believing people without certificate,kick out old thieves in power,Nigeria will still be in sham.

Everyday we wake up to bad news because we refuse to see beyond pranks and lies.


Nigeria need revolution!

God bless Nigeria

Hahahahah very good news.... exporters are smiling to the bank...yea don't hate we have paid our dues

Baba where art thou?

$1 = 1N abi ?

1naira -1$ wen abeg"?? dis yeye man should ready to b blasted as dey did to gej

Another Greece in the making

waiting for my visa.

Exchange Rate for Dollar-Naira, Wednesday 24th June 2015

http://www.nairausd.com/2015/06/exchange-rate-for-dollar-naira_24.html

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Crazy ..................................... Getting worse!

hope not!....bt it seems this man doesnt have a plan

barcanista:
Nigeria is going down under Buhari. Where is the change Mr. President?

Walai if Buhari stays beyond 2019

we will be using wheelBarrow to pack our money just to buy a loaf of bread

ooooooooh.

barcanista:
Baba is still learning on the job! Let's give the trainee president time to learn

.Good morning barca

Some news stories sef....

Is the black market an official market? Is it an authoritative source of information? The BLACK MARKET?

Kai make I just see person we go dash me just 100,000usdolarrs

God help this country

It was expected. Naira will surely rise, it's just a matter of time. Tho it will affect importers. Price of imported goods will go higher.

Ezenwammadu:
When will President Buhari make it N1=$1

www.nairaland.com/attachments/2551779_2550773dullardinhojpegf548371f5f7f07a48e3f5024e913be89_jpege6bff973d0a8db09708fabc0d627381b

When u got common sense

Baba now that u are there

kay1one2:

Nigeria will not go down IJN!

.
Lol... See this one. When you begin go church?

honeygirl17:





.Good morning barca

Good morning baby, how are you?

Seun:
ooooooooh.

Oga wetin happen?

Deceit.

Naira keeps falling like over ripe oranges.. and it was once better than the top notch currencies oo...where did we miss it Baba God

ifyan:

The naira, which rose to 180 against the dollar shortly after the inauguration of President Muhammadu Buhari about a month ago, has fallen to 222 at the parallel market due to a huge demand for dollars by importers and investors.


Increasing business activities have made importers and investors to move their foreign exchange demands to the parallel market, putting pressure on the naira at the segment, it was learnt on Tuesday.

The dollar was sold for between 220 and 222 on the streets of Lagos, Abuja and Kano on Tuesday, while the pounds and euro were sold for 350 and 249, respectively.
ADVERTISEMENT
Analysts and foreign exchange dealers said the future of the naira looked bleak, at least at the parallel market.

The Central Bank of Nigeria has been depleting the external reserves in a bid to defend the local currency.

At the interbank forex market, where the central bank intervenes regularly to defend the currency, the naira closed at 199 against the dollar on Tuesday, data from the FMDQ OTC website showed.

The external reserves fell to $29.03bn on June 22, from $29.8bn on May 18, data from the CBN website showed.

Prior to the latest development, the foreign reserves had been stable for several weeks.
Economic and financial analysts said the latest movements in the external reserves meant that the naira was beginning to come under some fresh pressure.

Concerned about the depletion of the reserves, the CBN met with bank officials on Friday to discuss
how to mitigate the pressure on the external reserves.

The CBN has yet to make the outcome of the meeting official but sources said the central bank wanted the banks’ cooperation in order to reduce the pressure on the reserves.

The bank officials, it was learnt, told the CBN that it needed to relax its rules in the forex market and allow the naira to find its level.

The officials, however, promised to take the deliberations at the meeting to the CBN Governor, Mr. Godwin Emefiele.

It is unclear if the CBN will accede to the demand of the banks to relax the rules in the forex market, but the spokesperson for the central bank, Mr. Ibrahim Mu’azu, could not be reached immediately for comments. Calls made to his mobile telephone line were not answered.

Last November, the CBN devalued the naira after spending several billions of dollars to defend the local currency.

The Acting National President, Association of Bureau De Change Operators, Alhaji Aminu Gwadabe, told our correspondent on Tuesday that the naira’s outlook at the parallel market looked bleak, forecasting that the currency might fall to 230 against the dollar in the coming weeks if the central bank failed to deploy measures to curb the increasing dollar demand at the parallel market.

He said, “There is pressure on the naira again. Maturing import bills are making the demand for dollars to rise again. Most importers and investors are saying they could not access dollar at the official market.

“They are now turning to the parallel market, a situation that is now fuelling the demand for dollar and other foreign currencies at the parallel market.”

The Head, Research and Investment, Afrinvest West Africa Limited, a research and investment advisory firm, Mr. Ayodeji Ebo, said, “The CBN needs to do something urgently otherwise it (slide in the value of the naira) will continue.

“If the pressure continues, the CBN may devalue the naira. I think the CBN is also waiting to see the plan of the new government in order to align its monetary policies with it. Once the new government comes up with its plan, the CBN may devalue the naira. If that is done, foreign investors who have been waiting on the sidelines will come in.”

Source:http://www.nairausd.com/2015/06/naira-faces-fresh-pressure-falls-to-222.html

no need 2 read all d story line bcus am sick n tired of nigeria govt.

barcanista:
He has been soaking the dogs and baboon in blood

Na wa for u o, you forget me not even a wa msg. its me brito, pls let's talk in private

Where are we going in this country self? We batter what we have for what we dn't, and it still remine the samething. We stand together valedict corroption by voting change and we are still lament. When are we going to survived Nigerian's?

This portends bad for people who import and export. This is not good at all.

ifyan:

The naira, which rose to 180 against the dollar shortly after the inauguration of President Muhammadu Buhari about a month ago, has fallen to 222 at the parallel market due to a huge demand for dollars by importers and investors.


Increasing business activities have made importers and investors to move their foreign exchange demands to the parallel market, putting pressure on the naira at the segment, it was learnt on Tuesday.

The dollar was sold for between 220 and 222 on the streets of Lagos, Abuja and Kano on Tuesday, while the pounds and euro were sold for 350 and 249, respectively.
ADVERTISEMENT
Analysts and foreign exchange dealers said the future of the naira looked bleak, at least at the parallel market.

The Central Bank of Nigeria has been depleting the external reserves in a bid to defend the local currency.

At the interbank forex market, where the central bank intervenes regularly to defend the currency, the naira closed at 199 against the dollar on Tuesday, data from the FMDQ OTC website showed.

The external reserves fell to $29.03bn on June 22, from $29.8bn on May 18, data from the CBN website showed.

Prior to the latest development, the foreign reserves had been stable for several weeks.
Economic and financial analysts said the latest movements in the external reserves meant that the naira was beginning to come under some fresh pressure.

Concerned about the depletion of the reserves, the CBN met with bank officials on Friday to discuss
how to mitigate the pressure on the external reserves.

The CBN has yet to make the outcome of the meeting official but sources said the central bank wanted the banks’ cooperation in order to reduce the pressure on the reserves.

The bank officials, it was learnt, told the CBN that it needed to relax its rules in the forex market and allow the naira to find its level.

The officials, however, promised to take the deliberations at the meeting to the CBN Governor, Mr. Godwin Emefiele.

It is unclear if the CBN will accede to the demand of the banks to relax the rules in the forex market, but the spokesperson for the central bank, Mr. Ibrahim Mu’azu, could not be reached immediately for comments. Calls made to his mobile telephone line were not answered.

Last November, the CBN devalued the naira after spending several billions of dollars to defend the local currency.

The Acting National President, Association of Bureau De Change Operators, Alhaji Aminu Gwadabe, told our correspondent on Tuesday that the naira’s outlook at the parallel market looked bleak, forecasting that the currency might fall to 230 against the dollar in the coming weeks if the central bank failed to deploy measures to curb the increasing dollar demand at the parallel market.

He said, “There is pressure on the naira again. Maturing import bills are making the demand for dollars to rise again. Most importers and investors are saying they could not access dollar at the official market.

“They are now turning to the parallel market, a situation that is now fuelling the demand for dollar and other foreign currencies at the parallel market.”

The Head, Research and Investment, Afrinvest West Africa Limited, a research and investment advisory firm, Mr. Ayodeji Ebo, said, “The CBN needs to do something urgently otherwise it (slide in the value of the naira) will continue.

“If the pressure continues, the CBN may devalue the naira. I think the CBN is also waiting to see the plan of the new government in order to align its monetary policies with it. Once the new government comes up with its plan, the CBN may devalue the naira. If that is done, foreign investors who have been waiting on the sidelines will come in.”

Source:http://www.nairausd.com/2015/06/naira-faces-fresh-pressure-falls-to-222.html

NA LIE!!!! Get ur fact Right I just Google it it still 1$= 199naira