APC and their zombies claim, it is the crude oil price/value which is the sole reason for the Naira free falling.

However why did the Naira drop to N344-346 for each dollar when crude oil had steadily risen 4%?

Why?

It is because it is not only oil that is affecting the naira's value. This budget of corruption and the uncertainty of Buhari and this APC government is hurting the naira value just as much as the lower oil price.

fallout87:
APC and their zombies claim, it is the crude oil price/value which is the sole reason for the Naira free falling.

However why did the Naira drop to N344-346 for each dollar when crude oil had steadily risen 4%?

Why?

It is because it is not only oil that is affecting the naira's value. This budget of corruption and the uncertainty of Buhari and this APC government is hurting the naira value just as much as the lower oil price.

pls u dont just conclude. the problem is still high dollar demand but less supply

Bad CBN policy. Interest rate and TBN rate crash will continue to affect the naira, people rather buy dollar since they can't get any rate on fixed deposit or TB.


Round tripping will continue and people are making money. Even banks are the major culprits

Let CBN kotinu

Elosky20:

pls u dont just conclude. the problem is still high dollar demand but less supply

Thank U. Uve said it all. And the only way that can be solve is supporting the local manufacturers. Atleast reducing importation. We shouldnt import everything including toothpick

Is there any point educating clowns like this.

No matter how much education you give them...

They will keep spinning and spinning around........

OP, oil price rose by 4℅ naira is to rise too immediately

Well done...!

Oil price is still on a downward trend when viewed as period snapshot or quarterly comparable.

It's beyond stoopid to view an outlier as a true direction of events.

The key reasons for the downward pressures still persist and ain't going away anytime soon so dust your textbook and educate yourself more before making unguarded and retarded comparative analysis

fallout87:
APC and their zombies claim, it is the crude oil price/value which is the sole reason for the Naira free falling.

However why did the Naira drop to N344-346 for each dollar when crude oil had steadily risen 4%?

Why?

It is because it is not only oil that is affecting the naira's value. This budget of corruption and the uncertainty of Buhari and this APC government is hurting the naira value just as much as the lower oil price.

Even if someone explains it to you, you probably still won't understand. This may be beyond your level of intelligence.

@poster

[size=18pt]The Questions you should be asking was, how come the value of the Naira did not fall to say 100 Naira to the dollar when oil price was selling for $114 per barrel during Jonathan's regime? if it did not fall then, why should it fall or appreciate now for only a 4% upward movement[/size]?

koboko69:
Is there any point educating clowns like this.

No matter how much education you give them...

They will keep spinning and spinning around........

OP, oil price rose by 4℅ naira is to rise too immediately

Well done...!

It is a pity quite honestly. I just don't understand how these guys reason.

The major problem is the law of demand & supply. CBN & commercial banks understand it but they are not ready to do the needful because they makes huge profit from this mess

koboko69:
Is there any point educating clowns like this.

No matter how much education you give them...

They will keep spinning and spinning around........

OP, oil price rose by 4℅ naira is to rise too immediately

Well done...!

Olodo, is that what I said? Instead of answet the question you empty brain zombies avoud the fact that it is also the fiscal policy if Buhari which the CBN is employing which is affecting the naira as well.

babadee1:


Even if someone explains it to you, you probably still won't understand. This may be beyond your level of intelligence.

You dont even have the brain to understand what I am saying village boy.

No defense of the fiscal policy, which is what I am addressing as one of the reasons the naira is even weaker than it should be.