tbaba1234:


You haven't presented an economic argument.

crazymommy:
You must be sick...go to western union to pick money or send money then ask them the rate before you start jumping into conclusions like a fowl..

CandyDiamond:

How many business people in Nigeria buy dollar for their imported items from Western Union, you cant get bulk dollar from western union, dollar will always be scarce in Nigeria as that is peculiar to any import dependent country, you cant do magic to make dollar fall that is why they float and move it from 197 to 288 and will continue to climb unless if CBN intervene occasionally to pump in dollars from reserve.

CandyDiamond:

How many business people in Nigeria buy dollar for their imported items from Western Union, you cant get bulk dollar from western union, dollar will always be scarce in Nigeria as that is peculiar to any import dependent country, you cant do magic to make dollar fall that is why they float and move it from 197 to 288 and will continue to climb unless if CBN intervene occasionally to pump in dollars from reserve.

iykedare:


Educate that wack economist.

crazymommy:
I only used western union as an example to make you understand that the gap between the interbank market and black market rate has reduced massively which will enable balance between the demand and supply...how have people been buying before this year??

CandyDiamond:


Go and check CFA exhange to dollar that just clashes last week, no magic can make naira to stop crashing in line with other import dependent countries currency unless if you have stable electricity in Nigeria that can boost the industrial sector.You people should stop chasing shadows, CBN know it already and float the Naira to protect dwindling foreign reserve the Borden is now on the masses. People buy bulk dollar from BDC and BDC buy some from CBN and Abokis, banks cannot even sell bulk dollars to unregistered businesses, how many businesses is registered in Nigeria and small scale businesses control Nigeria market or any African market

Shym3xx:


What economic argument do you expect me to present against "Oga, let's have the same conversation in December"?

Some of you're just clowns. I bet you supported the fixed policy. But now that the confused government decided to ditch that and try a next method, you jumped on that bandwagon as well.

So what's there to argue with a perpetual flip-flopper?

You've internet access...keep yourself busy and have a mind of ya own. You can start with inflation and, move to economies that're dependent on one commodity, and balance of trade (BOT). I'm not here to spoon-feed a robot.

SIRTee15:


less than 1% of prospective buyers got dollar at #197 when it was that rate.
even the almighty fuel importers couldn't get at that rate.
there's already inflation, everything u buy is at the black market rate.
plane ticket is at black market rate and only buhari's daughter pays her school fees at the rate of #197 to a dollar.
thus, there's no need keeping it at that unrealistic rate.
in fact, whosoever buy dollar at #197 is defrauding the nation because he's buying a heavily subsidised dollar.

crazymommy:
You don't sound alright ..go to western union to pick money or send money then ask them the rate before you start jumping into conclusions like a fowl..

secondly concerning your questions go and ask your politicians where they kept their stolen millions of dollars and those that have millions of dollars swimming in their dormiciliary accounts.....below is the current western union rate as at yesterday...you can even go to abokifx.com to confirm it and pay attention to the dates written......you people will be engaging in argument with the people that are in the business of foreign exchange trading day to day.....you think forex exchanges is only about what you read theoretically on papers or media...

booket:

there's no need discussing with them dear,Somebody whom haven't even use Western Union for the first will come here to type trash.Yea Nigeria is an Import-dependent Nation.but do you know how millions of dollars we generate everyday from global Crude Oil transactions?.Do you know that millions of dollars are being sent home everyday mostly from Nigerians Abroad.then coupled with this Chinese Yuan deal that will soon kick off soon.Surely the Naira will appreciates immensely against the Dollar with this policy.Please dear Do you know the buy rate now at some bank that for people that want to sell?

catchdwind4rmkd:



That's because the new rate was only just effected yesterday, and all your transactions were prior to the effective date of the floating rate which was 20.06.2016.

crazymommy:
Access bank 312 around this morning but there is so much volatility going on in the interbank market so a buying price of 318 can go to 290 within seconds or Go to 330 within seconds...some intelligent Nigerians are taking advantage of this type of market by doing arbitrage.. including me...

booket:
ok Thanks.Is like You re a Forex trader,Please you enlighten me more on how to take advantage of the Naira Flotation as I have foreign currencies to trade.thanks.

owagbeba:


Bro, the banks are still charging at black market rate...344

haibe:
what site is that pls

CandyDiamond:


Go and check CFA exhange to dollar that just clashes last week, no magic can make naira to stop crashing in line with other import dependent countries currency unless if you have stable electricity in Nigeria that can boost the industrial sector.You people should stop chasing shadows, CBN know it already and float the Naira to protect dwindling foreign reserve the Borden is now on the masses. People buy bulk dollar from BDC and BDC buy some from CBN and Abokis, banks cannot even sell bulk dollars to unregistered businesses, how many businesses is registered in Nigeria and small scale businesses control Nigeria market or any African market

agabaI23:
The person who wrote this is most lickely not the person in the profile but if you are show me your papa house...I go be ypour maga no problem

owagbeba:


Bro, the banks are still charging at black market rate...344

booket:
ok Thanks.Is like You re a Forex trader,Please you enlighten me more on how to take advantage of the Naira Flotation as I have foreign currencies to trade.thanks.

dokgen:

House, please i need 3000 DOLLAR/EUROS OOOO. who has . whatsapp number[font=Lucida Sans Unicode][/font] +639369428692

SeverusSnape:

Buhari is a certified dullard na... He's also an illiterate.

ASL33:
I have 10000 pounds to sell at 445. Am in uk.

bigass123:
I'm trying to understand your deal 0905 200 533four