really

How much would devaluation bring naira to? I know by history we never recovered any significant amount against dollars. Do not devalue naira again. I earn dollars but I love Nigeria to get better for all.

Please who knows what diamond bank and gtb charge per dollar?

Den wan spoil Form A. See wahala eh

This country is something else.

So what happens to those schooling already... How do they get their fees and money for up - keep

This problem of falling naira is because the person at the helm of our government lacks basic and rudimentary knowledge of economics.
That's what happens when a leader couldn't even boast of WAEC!

VickyRotex:


And youre happy about it? SMH!

Should i cry?

This sounds like false news

alaoeri:
Hard times for those intending to school overseas.

I tell you Brother, I dey vex now!

IYANGBALI:
sharaaaaaaaaaaap bad belle girl

You well so?

Keneking:
Not true

- no such directive from CBN to commercial banks
- no press release
- no Godwin's rep has spoken on this subject lately

Dey there nah, dey wait for press release.

justi4jesu:



Should i cry?

Empathize with Naija

choi, got dollar 340 this evening

VickyRotex:


Empathize with Naija

Realy

VickyRotex:


Empathize with Naija

Maka why?

nigerfine:
How much would devaluation bring naira to? I know by history we never recovered any significant amount against dollars. Do not devalue naira again. I earn dollars but I love Nigeria to get better for all.

Devaluation is the only way out bro. Experts like Sanusi and Soludo have said long ago.

justi4jesu:



Maka why?

erico2k2:

Realy

Yes

The rate this economy will go down eh!

I don't know whether to laugh or cry or do both.

If I laugh and cry at the same time ... na wao!

People will think that I'm there already


Meanwhile, my country men and women

Enjoy the picture below

Please ask Buhari, when you push us to buy dollars at the black market to pay fees abroad and give our folks for upkeep, you are increasing the demand of dollars in the black market. Will that not further increase the demand of dollars and still push the value of the dollars up against the naira ?

so I have to exchange 450 naira per pound to send to my folks in London. I dont really know what I am doing in this country. What is Buhari thinking ? The value of Naira is tied to oil and electricity supply. He cant control the oil but he can control electricity. With electricity, manufacturing sector will be revived and reliance on foreign goods will reduce and importers will have no need to buy dollars.

Illiteracy is a bad thing and I hate all those who voted for this slowpoke. I can confidently state that a dollar will exchange for 1000 naira before 2019.

So will Buhari pay his medical bills in London, abi himself want patronize black market? Except they are treating him for free.

alaoeri:
Hard times for those intending to school overseas.

That is just the plain truth,my brother. If this policy is not reversed, I might as well give up on my dream of studying M.Sc comes winter 2016 in one of the best universities in Europe.This ,indeed, is very sad.I feel like crying right now. Every monetary policy of this present administration appears to be a burden to a common man. I do hope that Nigerians will rise up against this not well-thought out policy.

Atlantian:
Please ask Buhari, when you push us to buy dollars at the black market to pay fees abroad and give our folks for upkeep, you are increasing the demand of dollars in the black market. Will that not further increase the demand of dollars and still push the value of the dollars up against the naira ?

so I have to exchange 450 naira per pound to send to my folks in London. I dont really know what I am doing in this country. What is Buhari thinking ? The value of Naira is tied to oil and electricity supply. He cant control the oil but he can control electricity. With electricity, manufacturing sector will be revived and reliance on foreign goods will reduce and importers will have no need to buy dollars.

Illiteracy is a bad thing and I hate all those who voted for this slowpoke. I can confidently state that a dollar will exchange for 1000 naira before 2019.

You are the illiterate. Govt removed FX demand for medical and school fees because we earn very little forex. The other option is to outrightly devalue the Naira to 280

Hmmmmmm. A Dollar is already selling for N335 in the parallel mkt as at 5pm today due to huge demand from Importers who can no longer wait for the Gov't to supply them dollar, Imagine what would happen to the rate now, woth this ban.

This Govt is clueless on how to fix the Economy. All their policies has failed.

Shebi we warned when GEJ was installing Emefiele as the CBN Governor that the man was chosen for his loyalty and meekness and not his ability ?

Since the man came on board, all he has been doing was to sign away tens of billions of naira to Dasuki et al with no investigation, and now to manage our currency with terrible ineptitude.


I urge Buhari to find a way to rein this man in.

Good move! One reason why our hospitals and schools are so bad is because those who have the influence to change things send their kids abroad or go abroad for treatments. If they are forced to use local schools and hospitals they will use their clout and put more pressure to get our local institutions fixed.

Just look at a school like Kings college, for all the highly placed people that has passed through it's walls, it's in that state because I bet you there is no KC alumni today that sends his son to KC. Everywhere else old students are a valuable source of pressure on government and keeping a school in good shape. All the billionaires, senators, chief justices that went to KC should be ashamed. They are the ones looking for forex to send their kids to secondary schools abroad. In a sane environment if you pass through an ivy league college you'd want your son to continue the tradition.



If you want to benefit other economies (by exporting our money to their hospitals and their schools) fine but source for your own forex, the govt wont subsidize you to do so.

Abeg how true is this news

naijaking1:
This problem of falling naira is because the person at the helm of our government lacks basic and rudimentary knowledge of economics.
That's what happens when a leader couldn't even boast of WAEC!

What is your suggestion to the problem?

moneybag100:
Confused Government.
You ban everything yet the fuc.cking naira keep crashing like dana air.
But Buhari will pay his doctor in UK with naira right?
Policies that will reflect and affect only on common man.

Am loosing trust in this man administration, its like it will be another 4 wasted years if not worse than previous.

How can a common man travel out for medical check up or for studies

Just asking