And d usesles chanji movt do not see anything good in what the CBN governor is doing

torkaka:

Nigeria's foreign exchange reserves rose $30.69 billion by July 22, up 5.6 percent from $29.03 billion a month earlier, latest data from the central bank.

However, the forex reserves of Africa's top crude exporter were down20.9 percent from $$38.8 billion a year ago.

The growth in reserves for the month was attributed to efforts of the present government to plug leakage and demand management by the central bank.

The central bank restricted access to foreign exchange by last month and introduced tight control of the foreign exchange market to curb speculation and conserves forex reserves.

http://uk.reuters.com/article/2015/07/24/nigeria-reserves-idUKL5N10411G20150724

The friegn exchange restrictions are killing the economy.

Commerce is a lifeline of any economy and it creates jobs.

Wheat and rice importation provides livelihoods for millions of Nigerians.

Osho Baba nor trust Bini boys o! Abi how else we go explain how na only hin carray hin wife travo

brixton:
How has this stopped a dollar from exchanging for #243?



Meanwhile, this pictures happened somewhere in America... One word pls!

badttrader:
Sometimes I laugh when peeps come here to scream 'baba go slow' because a dollar is 241naira in the PARALLEL market. They simply don't understand these things. Naira still exchanges at its official rate of 197 to a dollar. People having problems are those making transactions in the parallel (black) market. These transactions are unaccounted for and thus cannot be monitored. The CAN has done well by almost shutting the black market thereby blocking leakages and plugging loopholes. This way we can fully monitor the progress of the Naira in the forex market.

GOD BLESS NIGERIA
GOD BLESS GMB

My Brother I tire too, and this policies affecting the parallel market were imposed by the CBN Governor not Buhari.

chuose:


[size=14pt]YOUR FOREIGN RESERVES CANNOT BE RISING
AS YOUR CURRENCY FALLS FOR THE FOURTH TIME.

ITS SUPPLY AND DEMAND THAT AFFECTS THE CURRENCY.

IF YOUR CURRENCY FALLS FOR THE FOURTH TIME.

IT MEANS YOUR FOREIGN RESERVES IS NOT RISING

IN OTHER WORDS NIGERIA FOREIGN RESERVES IS DIVING
[/size]

You are obviously not a brilliant person...