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Surplus Dollars Hit Nigeria Market - Business (2) - Nairaland

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Nigeria Records Trade Surplus Of N1.44tln In Q4 – NBS / NNPC Announces N18.12bn Trade Surplus / Surplus Dollars Hit Nigeria Market - Is It A Bad Move To Curb Recession? (2) (3) (4)

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Re: Surplus Dollars Hit Nigeria Market by realGURU(m): 12:00pm On Mar 25, 2017
Naira
Re: Surplus Dollars Hit Nigeria Market by konoplyanka: 12:06pm On Mar 25, 2017
buchilino:


C D DIFFERENCE BW IGBOS N UR PPLE. NO MATTER HOW MUCH WE IGBOS HATE OBJ, WE WILL NEVA CALL HIM A BASTERD. UNLIKE UR PPLE.
why will you hate obj?
Re: Surplus Dollars Hit Nigeria Market by Qmerit(m): 12:10pm On Mar 25, 2017
idris4r83:
Wake me up when the dollar is less than N200

Did PDP met in #200 go and check where it was before 1999, before displaying your foolishness here.

4 Likes

Re: Surplus Dollars Hit Nigeria Market by buchilino(m): 12:10pm On Mar 25, 2017
konoplyanka:

why will you hate obj?

IF U REALLY WANT TO NO, I SUGGEST U MEET ANY IGBO GUY DAT IS UR FRIEND, N ASK HIM. N WEN I SPEAK OF IGBO GUY, AM NOT REFERRING TO DOSE DAT WERE BORN N BROUGHT OUTSIDE IGBOLAND.
Re: Surplus Dollars Hit Nigeria Market by OsamaB: 12:14pm On Mar 25, 2017
dotcomnamename:
The change is here! cheesy


https://www.youtube.com/watch?v=wEBlaMOmKV4
Re: Surplus Dollars Hit Nigeria Market by Sunmolar(m): 12:14pm On Mar 25, 2017
Longing to see and feel its impact on the price of goods undecidedLonging to see and feel its impact on the price of goods
Re: Surplus Dollars Hit Nigeria Market by Nobody: 12:20pm On Mar 25, 2017
konoplyanka:

why will you hate obj?

OBJ forced Ojukwu into exile after Black scorpion finished Ojukwu.

2 Likes

Re: Surplus Dollars Hit Nigeria Market by buchai: 12:20pm On Mar 25, 2017
the Prices of goods should clashfollow the dollar nau
Re: Surplus Dollars Hit Nigeria Market by Gome23: 12:21pm On Mar 25, 2017
Because 2019 is approaching.........una no go succeed

1 Like

Re: Surplus Dollars Hit Nigeria Market by sami75: 12:22pm On Mar 25, 2017
buchilino:
SO Y R FOREIGN ITEMS STILL EXPENSIVE.
Because it takes about 2 months to buy, ship by sea and clear before it gets to market.

3 Likes

Re: Surplus Dollars Hit Nigeria Market by tolexy007(m): 12:22pm On Mar 25, 2017
madridguy:
Good news.


Yes Good news
Re: Surplus Dollars Hit Nigeria Market by kilode100(f): 12:24pm On Mar 25, 2017
buchilino:
SO Y R FOREIGN ITEMS STILL EXPENSIVE.



Good question.
Re: Surplus Dollars Hit Nigeria Market by clemz85(m): 12:25pm On Mar 25, 2017
Them rich people are making money with suffering of the people, they won't be happy that this is happening,

Imagine individuals hoarding dollar.
Re: Surplus Dollars Hit Nigeria Market by southpole: 12:25pm On Mar 25, 2017
idris4r83:
Wake me up when the dollar is less than N200
I will wake you up when it goes down to N150 when Good luck took over from Yar' Adua

2 Likes

Re: Surplus Dollars Hit Nigeria Market by Nobody: 12:26pm On Mar 25, 2017
where are the people saying it would rise to N600 to $1?
Re: Surplus Dollars Hit Nigeria Market by Earth2Metahuman: 12:26pm On Mar 25, 2017
buchilino:


C D DIFFERENCE BW IGBOS N UR PPLE. NO MATTER HOW MUCH WE IGBOS HATE OBJ, WE WILL NEVA CALL HIM A BASTERD. UNLIKE UR PPLE.
lmao

How old are you?

Who tagged obj a baboon?
Re: Surplus Dollars Hit Nigeria Market by deolu2000(m): 12:26pm On Mar 25, 2017
Hope the multiplier effect take an immediate effects on basic commodities, so this period of high prices will become a thing of the past.
Re: Surplus Dollars Hit Nigeria Market by obyrich(m): 12:31pm On Mar 25, 2017
deolu2000:
Hope the multiplier effect take an immediate effects on basic commodities, so this period of high prices will become a thing of the past.
It will take time for the purchased goods at the current exchange rate to arrive the markets.
Re: Surplus Dollars Hit Nigeria Market by Apus: 12:39pm On Mar 25, 2017
Gome23:
Because 2019 is approaching.........una no go succeed

Re: Surplus Dollars Hit Nigeria Market by bigmee: 12:47pm On Mar 25, 2017
That's what can come from an intellectually sound Osibanjo. Matching orders to CBN in Buhari's absence .Let's expect more during Buhari's next medical trip.
Re: Surplus Dollars Hit Nigeria Market by StarPlayer: 1:02pm On Mar 25, 2017
adedayourt:
Wherez it undecided
You wan thief am?
Re: Surplus Dollars Hit Nigeria Market by LargeBreed(m): 1:04pm On Mar 25, 2017
OgaJonah:
Igbos WILL NOT LYKS DIS NEWS BECAUSE OF THAt BASTERD IN KUJE PRISON.
Igbos love this news more than anyone. I'm a Igbo, i need low dollar rate and it's availability for effective biz transaction.

7 Likes 1 Share

Re: Surplus Dollars Hit Nigeria Market by pat077: 1:05pm On Mar 25, 2017
What we need now is massive investment in agriculture to reduce our food import and reduce the need of dollar for importation of tinz we can produce here.

1 Like

Re: Surplus Dollars Hit Nigeria Market by erico2k2(m): 1:07pm On Mar 25, 2017
OgaJonah:
Igbos WILL NOT LYKS DIS NEWS BECAUSE OF THAt BASTERD IN KUJE PRISON.
You are high on some cheap weed Igbos gain the most from last I check it's theses same Igbos who import everything imported in Nigeria from tooth pick to car parts . Now tell me who are the real winners here is it not the so called Igbos ? ?now give yourself a loud slappp

3 Likes

Re: Surplus Dollars Hit Nigeria Market by guychidile: 1:09pm On Mar 25, 2017
hmm,that's interesting jare.!
Re: Surplus Dollars Hit Nigeria Market by erico2k2(m): 1:09pm On Mar 25, 2017
pat077:
What we need now is massive investment in agriculture to reduce our food import and reduce the need of dollar for importation of tinz we can produce here.
FOOD is the least.we produce %50 of what we eat.the major waste of forex is from fuel . 2nd electronics third cars and spare parts . Fourth machines so telle how do we deal with this without proper government intervention .
Re: Surplus Dollars Hit Nigeria Market by cooldood(m): 1:12pm On Mar 25, 2017
The actual fact is there's nothing of such like surplus dollars in the Nigerian market. What you see happening is what we advised CBN to do-provide forex for the retail end of the market and the perception will improve- which is why people now think there's surplus. There's actually still not enough forex in the market to meet the demand, businesses and manufacturers still cannot have access to their dollar needs to meet different obligations. What the CBN is currently doing is to try and meet up with some backlogs of applications for forex way back 2015/2016.

I am privileged to have access to this information by the virtue of my position. Foreign investors are still waiting on the fence for an official devaluation to about 360# to a dollar.

You'd also notice our external reserves is fast depleting, no thanks to crude oil price tanking in the past few weeks.

We have also not resolved our energy issues with regards to the pricing, when we do, another round of crazy inflation will kick in.

It's not all doom n gloom though for 9ja, as high base effect means steady inflation in 2017, lets hope the price of crude oil stabilizes at 50 bucks per barrel, and Militants remain calm, otherwise, 2017 will hardly be different from 2016.

4 Likes 1 Share

Re: Surplus Dollars Hit Nigeria Market by adedayourt(m): 1:18pm On Mar 25, 2017
StarPlayer:
You wan thief am?

I jus need a few, like a million dolz undecided
Re: Surplus Dollars Hit Nigeria Market by cooldood(m): 1:19pm On Mar 25, 2017
NubiLove:
where are the people saying it would rise to N600 to $1?

Wait for a few more years and you will understand what being an unproductive country means.
In 2014 December, $1 exchanged for barely 155.Within 3 years,its depreciated by over 100%. So don't be shocked if by this time in 2020, another 50-100% depreciation occur. Nigeria is a giant in consumption but a puppet when it comes to production.

2 Likes

Re: Surplus Dollars Hit Nigeria Market by erico2k2(m): 1:19pm On Mar 25, 2017
clemz85:
Them rich people are making money with suffering of the people, they won't be happy that this is happening,

Imagine individuals hoarding dollar.
Stop beefing rich people . Work hard and become rich . No one was born Rich .
Re: Surplus Dollars Hit Nigeria Market by erico2k2(m): 1:22pm On Mar 25, 2017
cooldood:


Wait for a few more years and you will understand what being an unproductive country means.
In 2014 December, $1 exchanged for barely 155.Within 3 years,its depreciated by over 100%. So don't be shocked if by this time in 2020, another 50-100% depreciation occur. Nigeria is a giant in consumption but a puppet when it comes to production.
Correct and pumping dollars is just a knee neck reaction . The dollars should have been generated by positive economic activity. Now no o e is asking of our external reserve . Do we know howmuch it's now worth ? .If the CBN amd banks wants us to believe in this policy let them allow us use our ATM cards abroad let's see if this suplus news will last 1 hr.

3 Likes 2 Shares

Re: Surplus Dollars Hit Nigeria Market by erico2k2(m): 1:26pm On Mar 25, 2017
cooldood:
The actual fact is there's nothing of such like surplus dollars in the Nigerian market. What you see happening is what we advised CBN to do-provide forex for the retail end of the market and the perception will improve- which is why people now think there's surplus. There's actually still not enough forex in the market to meet the demand, businesses and manufacturers still cannot have access to their dollar needs to meet different obligations. What the CBN is currently doing is to try and meet up with some backlogs of applications for forex way back 2015/2016.

I am privileged to have access to this information by the virtue of my position. Foreign investors are still waiting on the fence for an official devaluation to about 360# to a dollar.

You'd also notice our external reserves is fast depleting, no thanks to crude oil price tanking in the past few weeks.

We have also not resolved our energy issues with regards to the pricing, when we do, another round of crazy inflation will kick in.

It's not all doom n gloom though for 9ja, as high base effect means steady inflation in 2017, lets hope the price of crude oil stabilizes at 50 bucks per barrel, and Militants remain calm, otherwise, 2017 will hardly be different from 2016.
militants are now calm as thier contracts has been given back to them . But we defined to produce to export . The FG is not doing enough to encourage small amd medium scale producers to boost exports . Where are the tax brakes . Where are the Vat breaks

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