ultimateballer:

These people are just funny. They want to crash the dollar with propaganda. Generally, the demand for dollars is even low now. Lets see what happens when demand for dollars peaks up from July.. Lol.. No Panic selling

ultimateballer:

These people are just funny. They want to crash the dollar with propaganda. Generally, the demand for dollars is even low now. Lets see what happens when demand for dollars peaks up from July.. Lol.. No Panic selling

onatisi:

I have told you to stop trying to make ppl see reason in ur arguments. Me i no go talk again. No matter what u say ppl will mot understand .

Ibraheem009:

Nice one.
So, people should keep on hoarding till July?
Continue.

LordAdam16:


Who is talking about future riches here?

When everyone was telling CBN to float Naira, official rate was around 199 and parallel market was 250.

CBN did not float, yet official rate is still 307 and parallel market is 380.

When everyone was telling CBN to float Naira, we had less than 4 exchange rates.

CBN did not float, we have 10+ exchange rates.

Those who bought dollars for the long term in early 2016 have doubled their wealth within 1 year, even with the managed float.

Speculators are business men, they too know that in business you win and lose. As long as the opportunity to win is there, they'll remain. That is exactly what a managed float represents.

Me, ayam tired of the instability. I want stability. Once and for all.

I'm not forcing anyone to hoard dollars, in fact I'm advising people to reduce their exposure in the near term or hold for the medium to long term. If we float the naira, everyone would know holding dollars for increase is for the long-term not quick profits anymore.

Anyway as Onatisi talk, no need to talk again.

CBN will continue with the intervention next week (there is no time they stopped, so I don't expect them to stop now), but excess dollars from individual holders will stop flowing within the next two weeks, and then pressure on the CBN reserves will multiply. We've already seen that CBN does not want the reserve to fall in a big way. That's why they reduced amount of dollars they sold this week to no more than $100m at a time.

And when they reduced, fall halted. Buying rate halted at 380 on Friday instead of falling by N20 to 360, like it had been falling since Tuesday.

As I'll continue saying, enjoy the appreciation while it lasts. Winter is coming.

-Lord

kaboninc:
All these half-baked analysis....

Abeg.. .i just want to go to the stone age....where I'll walk na...ked freely without thinking of dollar, naira and btc. ..

MULLAH123:

Well, I enjoy/agree with your post, though not all parts of it.

I want to ask a question please

Which part of the market handles the bulk of dollar demands presently?

The parallel/aboki market? or the FG intervention/pumping

real time traders, trade. be it 1$=1Naira they will still make their profits.

Those with enough cash to hoard, the buffet style, will not release, not in two weeks

We dey talk here like say Na dollar be our local currency.

gocare:
$96 skrill for sale
$59 Payoneer for sale

Mastarcard:
125$ payoneer for sale at 360
call 0 7 0 5 3 1 3 9 0 3 9

Fast Selling

DCTrendy:
$500 Neteller needed urgently.

plz contact me

Emmyk:

I sent $339.05 Payoneer to his email yesterday, then he came online claiming his phone was stolen and I had the transaction with the thief.

Shouldn't my Funds be in his account?

Can't he login with another device and send me my money or is the thief after my Payoneer funds now?

I mentioned you yesterday.

Emmyk:

I sent $339.05 Payoneer to his email yesterday, then he came online claiming his phone was stolen and I had the transaction with the thief.

Shouldn't my Funds be in his account?

Can't he login with another device and send me my money or is the thief after my Payoneer funds now?

I mentioned you yesterday.

DCTrendy:
$500 Neteller needed urgently.

plz contact me

ultimateballer:

oya come collect am for my house na.. lol

Acquiredollars:
urgent response please....


If someone sends 1000 USD to me from USA via western union, how much (Naira) will my bank (GTB) pay me in total plus fees? As-in $1=? Western Union Rate?

Tabbaz:


let him come and explain himself o. the fund no be small money...

Tabbaz:


I'm up, but not buying.

I quote cos I'm up

FxTizzle:
200+ payoneer available @340-350

FxTizzle:
200+ payoneer available @340-350

ultimateballer:

oya come collect am for my house na.. lol

justi4jesu:
$300 Payoneer Available