Baawaa:
That is CHANGE!
Never again JonaTAN in this nation

Devaluation of dollar not actually your Buh or CBN. Leave joe out of this. I thought we will build a new america with the looted fund. Our eyes dey clear now. But Emefiele, why senate is harasing him. Is he not doing his best.

And who chose this illiterate cbn governor if I may ask

voltron:
baseless propaganda a usual.. have we started exporting cars and helicopters worldwide.. our primary source of dollars is crude exports.. hhave major world buyers stopped buying cheap oil in favour of the brent. has buhari used sheer will power to do the impossible? what we are experiencing is only a local phenomena. when pastor emefilie eventually removes his finger from his nutsack.. the shiit that will overflow will take nigeria back into a second financial crisis again. using rccg biblical economics... no wonder the economist threw jibes at him.. this is what happens when you put religion in governance.. illiterate initiatives

ocelot2006:


You're aware that at the tail end of the GEJ's administration, the price of oil crashed dramatically due to the excess shale oil pumped into the global market by the United States of America, which in turn led to the devaluation of the Naira, right? So if you're trying to lay the blame on GEJ, I suggest you go do a bit more reading.

If what u said is true, should you blame buhari too? I didn't blame anyone, rather show who did his best.

Pls don't insult me, I didn't insult u.

BishopMagic:



When you father came in and left, he left his sexual transmitted foolery in your mother.

Wow, You are really smart.

ishiamu:
Meanwhile, below are some of the latest topics from APC propaganda machinery. Enjoy and feel free to add yours

#APCpropaganda
Buhari's planned probe of FIFA: Sepp Blatter goes into hiding- Liar Mohammed

#APCpropaganda
Fear of Buhari: Satan falls from sky, sustains serious head injury - Passingshot

#APCpropaganda
Buhari's integrity sweeps through the animal world as mosquitoes suspend biting action indefinitely - Premium Times

#APCpropaganda
Buhari's body language: an aide of former president returns #12 trillion loot, begs for forgiveness - Liar Mohammed

#APCpropaganda
Buhari's body language: statue of George Washington shows sign of life in far away US - Mynd_4

#APCpropaganda
Fear of Buhari: One million witches and wizards storm Eagles square, renounce evil and beg for forgiveness- Beremx

#APCpropaganda
Buhari's fart powering Nigeria's power plants - Nations

#APCpropaganda
Buhari's body language: 65 year old woman healed of cervical cancer - Passingshot

#APCpropaganda
Buhari's integrity: over 12 million Nigerians employed in 2 months - Liar Mohammed

does anyone seem to understand what this dis maggot is driving @.

Horlufemi:


Wow, You are really smart.

I amaze myself sometimes

I won't believe until it is reported by a foreign reputable financial media like NewYork Times

ILIDEFI:


Passingshot, I believe you're intelligent. Please read that news again and see if the content of that news truly calls for celebration. Read it with an objective mindset.
Thanks.

Do you believe all what the currency trader said? He is a speculator and you don't expect him to like the govt's policy that has meant bad business for them.

What maters to manufacturers is for dollar to naira rate to remain low and they are able to get dollars from the banks when they need it.

PassingShot:

Do you believe all what the currency trader said? He is a speculator and you don't expect him to like the govt's policy that has meant bad business for them.

What maters to manufacturers is for dollar to naira rate to remain low and they are able to get dollars from the banks when they need it.

Of what use is it to manufacturers if the dollar to naira rate remains low, yet they can't fund their dom accounts to make transactions abroad? Mind you that some of them import part of their raw materials. By the way, how many manufacturing industries do we even have, compared to the volume of our imports?
Nigeria operates an import driven economy, and when our importers can't easily fund their accounts to make transactions, smuggling across the borders will be encouraged.

ILIDEFI:


Of what use is it to manufacturers if the dollar to naira rate remains low, yet they can't fund their dom accounts to make transactions abroad? Mind you that some of them import part of their raw materials. By the way, how many manufacturing industries do we even have, compared to the volume of our imports?
Nigeria operates an import driven economy, and when our importers can't easily fund their accounts to make transactions, smuggling across the borders will be encouraged.

Why can't the manufacturers or anyone doing legitimate business/transaction have access to dollars? Why can't they fund their dom accounts if they follow the official and legal ways of doing it. The Governor of CBN clearly assured all genuine businesses the will have access to dollars and I am not aware they cannot receive dollars into their account from their business partners.

PassingShot:

Why can't the manufacturers or anyone doing legitimate business/transaction have access to dollars? Why can't they fund their dom accounts if they follow the official and legal ways of doing it. The Governor of CBN clearly assured all genuine businesses the will have access to dollars and I am not aware they cannot receive dollars into their account from their business partners.

Because there is no forex to meet every demand.


Fool

lebete3000:


men 212 sef nah still madness....wen aboki don dey exchange for 208...so if I wan buy car from yankee with the help of my bank na so dem go exchange am at 212 whike d abooki in d market nah 208...all ds abracadabra economics dey funny to me oh.

STANBICIBTC: USD: #212 AUG 18: AdekunleIG
STERLING : USD : #220 : AUG 12 : wahwah
ZENITH : USD : #221.5: AUG 18 : naital
ACCESS : USD: #224 :AUG 21 : dalemat
DIAMOND : USD : #225 : AUG 21 : flyuche
GTB : USD : #226 : AUG 20 : ohans4u
FCMB: USD: #227 AUG 4 : stPete
FIDELITY: USD: #228 : AUG 17 : tayoast
FIRST BANK : USD : #230 : AUG 18 : legalwealth
UBA: USD : #234.1 : AUG 11 : opeyemi5
UNION: USD: #236.88: AUG 16: DIZZYBIZZY


STANBICIBTC: ¥ :#34.6: AUG 3: KODILICh
STANBICIBTC : £: #244.61 : AUG 19 : opeyemmmy
STANBIC : € : #244.61 : AUG 19 : opeyemmmy.

Its been started by GEJ.

wristbangle:


Excuse me... GEJ needs to blame for the current devaluation of naira. Meanwhile what happened to our siphoned foreign reserve. Agreed shale oil forced crude oil price to crash. The clueless one know the consequence of shale oil in market but why can't he close the leak holes in the economy by resurrecting other sectors such as Agric and co to cover up the mess.

"Resurrect other sectors"?! Good Lawd.....you think that's done overnight?! Even at that:

1) Who is responsible for the AGRICULTURAL REVOLUTION that saw the increase in production output at record high, a FIRST IN NIGERIA'S HISTORY, leading to our more assured food security and a slash of our import bill from over N3 TRILLION to less than N600 billion? GEJ!

2) Who is responsible for the resuscitation of the manufacturing sector, the automobile sector INCLUSIVE via the AUTOMOBILE POLICY that has seen Nigeria MANUFACTURE and EXPORT vehicles (Innoson, Proforce, Nissian, and soon Ford, just to name a few? GEJ

3) Who was responsible for the establishment of more SME's via soft loans from programmes like YouWin and Co? Again GEJ!

4) Even at the crash of oil prices, who imposed a series of austerity measures to ensure that Nigerians did not feel the effects of the price crash?! Oh yes, GEJ!!

So what's this chap you're yapping about?

Oh btw, yes our FX coffers was lower than before, BUT have you factored in that:
* Fighting a raging insurgency requires cold hard funds, NOT air?
* That same FX is required to shore up the Naira to prevent further loss in its value?
* Capital projects implemented from power to water resource project, rail to aviation, road networks to health care services, etc?

BishopMagic:



Passingshit, we are waiting for one naira to be equal to one dollar.


When GEJ left it was trading at 190 and you call 208 progress?


You must be as daft as your boko commander

thats a big lie bruv... when gej left it..it was way above the current exchange rate... go check the statz

PassingShot:
Liar! It was way above 220 when GEJ left.

U dey mind that fool of a guy? No mind am joor

When I pay online with my naira MasterCard, why am I billed at 225 to the dollar?

simseg01:
The Naira, on Friday, regained its strength and appreciated to N208 to the Dollar in the parallel market, compared with the N212 it traded for on Thursday.
The British Pound Sterling and the Euro also traded at N330 and N230, respectively, at the parallel market on Friday.
The official interbank exchange rate, however, remained at N197 to the Dollar.
Olufukeje Adegbeye, a currency trader, attributed the fluctuation of the Naira to the global devaluation of the dollar and recent monetary policies of the Central Bank of Nigeria (CBN); adding that the intervention of the CBN had stifled the forces of demand and supply in the nation’s currency market.
“The businessman on the street should be taken into consideration,” he said. “Some of our manufacturers still depend on the importation of raw materials for their operations. The policy
on foreign exchange restriction has made life extremely difficult for manufacturers.”
He also said that the CBN, through its policies, has created avenues for the cross border smuggling of foreign currencies, especially the dollar.

http://dailytimes.com.ng/naira-rallies-against-the-dollar/

kollinpowel:
does anyone seem to understand what this dis maggot is driving @.

crying 4 ya mumuness

9japatroit:
this is sooo hillarious,guy ,laugh wan tear my belle ooo

Yea laugh it off

ocelot2006:


[s]"Resurrect other sectors"?! Good Lawd.....you think that's done overnight?! Even at that:

1) Who is responsible for the AGRICULTURAL REVOLUTION that saw the increase in production output at record high, a FIRST IN NIGERIA'S HISTORY, leading to our more assured food security and a slash of our import bill from over N3 TRILLION to less than N600 billion? GEJ!

2) Who is responsible for the resuscitation of the manufacturing sector, the automobile sector INCLUSIVE via the AUTOMOBILE POLICY that has seen Nigeria MANUFACTURE and EXPORT vehicles (Innoson, Proforce, Nissian, and soon Ford, just to name a few? GEJ

3) Who was responsible for the establishment of more SME's via soft loans from programmes like YouWin and Co? Again GEJ!

4) Even at the crash of oil prices, who imposed a series of austerity measures to ensure that Nigerians did not feel the effects of the price crash?! Oh yes, GEJ!!

So what's this chap you're yapping about?

Oh btw, yes our FX coffers was lower than before, BUT have you factored in that:
* Fighting a raging insurgency requires cold hard funds, NOT air?
* That same FX is required to shore up the Naira to prevent further loss in its value?
* Capital projects implemented from power to water resource project, rail to aviation, road networks to health care services, etc?[/s]

I consider all what you have said to be scrap becos the clueless one is using all these vague projects which wasn't his idea to cover up his mess.

Excuse me.. The same Agric sector that couldn't boast of an increase in production in terms of cassava, etc.

I don't have time analysing others because he is one responsible for the insecurity of the nation, drop in our naira value, huge unemployment rate, etc.

Please kindly explain what happened to our foreign reserve and appointees of money looting ministers.


Waiting for ur answer.

pharmagba pos[img:
[/img]t=37217627]

got to move this to jokes

BishopMagic:



Fool.

Better start planting whatever cash crop because the oil will no longer fund your useless parasitic nation.

Haters gone hate, Potatoes gone potate.

Horlufemi:

Wow, You are really smart.

Lol I like you.

PLEASE NAIRALANDERS WHICH IS A PARALLEL MARKET REGARDING THIS DOLLAR ISSUE? (BLACK MARKET OR D OFFICIAL MARKET)

BishopMagic:



owambe conceived bastard product of an ab0ki trailer driver and multi colored Tattoed face paraga slinging hoe dey call me bastard?

We know the region with the highest bastard gdp.


Keep showing your omota upbringing

foolish bastard am not Hausa neither am I yoruba... you have no brain like your father

Benzzle:
foolish bastard am not Hausa neither am I yoruba... you have no brain like your father

You know not where you come from that's why I said you are a bastard.

teamchocolate:
And who chose this illiterate cbn governor if I may ask

similarly gifted illiterate .. why do we continue to allow illiterates lead us from decade to decade

Nope get ur facts right! Godwin was chosen by the clueless one..buhari has not chosen. A cbn governor since he resumed office..

voltron:


similarly gifted illiterate .. why do we continue to allow illiterates lead us from decade to decade

In dis administration of president Buhari, 1 naira wud rate to 1 dollars,pounds sterling n euro. Sai president Buhari,Sai APC,sai CHANGE!!!

wristbangle:


I consider all what you have said to be scrap becos the clueless one is using all these vague projects which wasn't his idea to cover up his mess.

Excuse me.. The same Agric sector that couldn't boast of an increase in production in terms of cassava, etc.

I don't have time analysing others because he is one responsible for the insecurity of the nation, drop in our naira value, huge unemployment rate, etc.

Please kindly explain what happened to our foreign reserve and appointees of money looting ministers.


Waiting for ur answer.

I will assume you have a MAJOR ISSUE with your eye sight else you would've known that I had already answered your question in post. I strongly suggest you check those eyes out and READ MY POST AGAIN.

And what "money looting ministers" are you referring to here? They may not be angels but they're FAR AHEAD of the clowns in the present Dana administration.

Do you want to compare Ngozi Okonjo Iweala, a sound product of IVY LEAGUE UNIVERSITIES, an erudite academician, and a TOP MGT product of the World Bank to Oshiomole, that Edo Orangutan suffering from oral diarrhoea and poor mental health no thanks to the negative effects of viagra on his brain?

You want to compare Dr. Adesina, a product of the UN mastermind behind the TOTAL OVERHAUL of the agricultural sector, the AGRICULTURAL REVOLUTION that saw the end of the fertiliser mafia and the LARGEST CROP PRODUCTION OUTPUT in our nation's history, to who? That fat bellied loud mouth airbag (all talk No action) Rochas Okorocha who couldn't sleep because Obama shook his hand, thus embarrassing his state and the nation?

Is it Olusegun Aganga, a sound product of University of Oxford (one of the BEST UNIVERSITIES IN THE WORLD) and GOLDMAN SACHS, compared to who? That he goat Aregberascal who ruined his state financially and can't pay workers?!

Or maybe it's Deziani Alison-Madueke, top technocrat head hunted from SHELL and brains behind the GAS REVOLUTION that saw the construct ion of the gas delivery system to power stations and industries, and the LOCAL CONTENT POLICY that has seen the MASSIVE PARTICIPATION of Nigerian companies in the lucrative upstream sector of the oil and gas industry, the 70%+ workforce rule enforcement on IOCs and other MNCs?

Oh, maybe it's Dr. Bath Nnaji, topmost scientist and innovator from Massachusettes Institute of Technology (MIT - Best engineering university in the WORLD), and Prof. Chinedu Nebo, FIRST CLASS PRODUCT and a SEASONED ACADEMICIAN, both men being minds behind the success in the power sector.

Okay....maybe it's Lt. General Ihejirika, War College ace student (2nd highest award; I should know cos I attended the graduation) and the brains behind the Army's Counter Insurgency Programme. Or is it Admiral Ola Ibrahim, the mastermind solely responsible for the MASSIVE rearming/reequipping the NIGERIAN NAVY, revitalization of the Navy's Special Forces programme. You want to compare these men with who? Dambazau? That fool known for his tribalism?

Hey, maybe it's Gen. Gazau, then Minister of Defence and Nigeria's SPYMASTER/ESPIONAGE LEGEND along the likes of Diette-Spiffe. Compared to who? The new DG-DSS Daura who was LAST in his class and a terrible service record?

Please tell me, which minister?

NO KILLING THE BEETLE! TRUST THE NAIJAMAN....FOR EVERY GOVT POLICY, HE IS CREATING SOME AVENUE TO MAKE SOME DOW! EASY WAY TO SELF EMPLOYMENT TRADING THE NAIRA even across borders? ALUTA CONTINUA! The Banks and the Govt are equally guilty for how can a recipient be compelled to receive Naira (at a much lower rate) when he is sent Dollars and when he needs to pay for foreign goods and services, the same bank and Govt ON THE SAME DATE AND TIME, sells the same dollars to him at a ridiculous rate. God save Nigeria.