989900:
It is inevitable if you're studiously studying the dynamics and parameters.

It will capsize dramatically once it converges with/near IMTOs rates.

Speculators . . .

EDIT: it is N390@Dopemu right now.

989900:
It is inevitable if you're studiously studying the dynamics and parameters.

It will capsize dramatically once it converges with/near IMTOs rates.

Speculators . . .

EDIT: it is N390@Dopemu right now.

I am still wondering why when the price of crude oil was $141/Bbl it was never mentioned that we needed a better exchange rate. Instead it was slowly increasing, N1 today, N2 tomorrow and best case stagnant until the price of crude oil dropped to under $30. This is just sad. 
May Karma meet those who have ruined this country before they reach their bus stops.

smartty68:

Not impressed either but at least we should commend their efforts towards the fight put up against speculators so far and be optimistic that it appreciates more in the coming weeks.

Omagago:



So from 550 down to 405 no be recovery abi??

I suspect you are one of the speculators too.

bigpicture001:
...where is d FG getting all its dollars supply?

Majorly crude oil sales and some minor export commodities.

adem30:


If you are little bit wise, you would have check the website

petux:
Yeah. We are moving...God Bless Nigeria.

decode55:

From ₦216? You and your government need medical help. Enjoy your change.

Omagago:



So from 550 down to 405 no be recovery abi??

I suspect you are one of the speculators too.

postemail:


Hi 989900. Just a few questions for you and the house;

Excluding CBN's weekly intervention, Is there any other reason why the Naira is strengthening?

Do you think it will fall to the PTA / Bank rate -375?

bigpicture001:
...where is d FG getting all its dollars supply?

A quick question to those who may be knowledgeable enough to respond. 
What happens when the laws of economics' diminishing marginal utility catches up with this policy? 
Is there a possibility of it backfiring? 
Because this seems to be the same policy Mr Jonathan employed when he was accused of using external 
reserves to support the failing Naira before he was voted out. 
It is a good thing that crude oil prices have stabilized, however, we may need 
another source of foreign exchange sooner rather than later as we begin to find other 
use for our external reserves instead of spending the bulk of it on cushioning the system.

Someone educate me biko.

Amberon:
Liar liar pants on fire.

justjify:

Check to get your fact right before you come here and start masturbating. The guy is right afterall.

Electroweb:
I suspect there is so much dollars in the system. Speculators are having their fingers burnt. Now they want to offload their dollars. The sooner they offload it the better because this exchange rate is heading to N240 per dollar before third quarter of the year 2017. My projections...

Electroweb:
I suspect there is so much dollars in the system. Speculators are having their fingers burnt. Now they want to offload their dollars. The sooner they offload it the better because this exchange rate is heading to N240 per dollar before third quarter of the year 2017. My projections...

Amoto94:
Truth234 whatcha say?

Amberon:
Masturbating to what exactly. Buying price is different from selling price. Learn to have courtesy.