allanphash7:
Chai

LOL...funny pic

Good to encourage Local Industries but the steps to do that might affect some things,hope good ideas to make Nigeria great comes to the Government. For Solutions to staphylococcus AUREUS and Infertility Call Plants Doctor on 08100459321.

Hummmm.... Ok!!!

eeeeeeeehnnnnnn, say what ? 225 khe

NoMoreTrolling:
Why cant we get a real bureau de change in Nigeria?

Why must it be only malam?

That shh is soooo weird

Is like u don't know much about bureau de change

Buhari's government have started on a very wrong note. They are getting it wrong on all sides.... maybe we should have insisted in sighting that WAEC certificate.

So many disjointed policies..... You lift the ban on furniture and textile thereby discouraging the local industry and two days after the ban rice, margarine cement importers from obtaining FX from banks under the guise of encouraging local industry.

Why take such step at a time your naira is struggling knowing fully well that these guys would dive into the parallel market causing some scarcity and driving up parallel prices?.... why not increase the import duties on these products instead to discourage import and encourage local production? why stifle an already struggling FX environment.

Absolutely silly decisions by Buhari and his co-travellers

ifyan:


You have to apologies to Nigeria for this statement.

You think so? I will, when we have better leaders and not those shameless idiots we have now

ifyan:

The naira tumbled against the dollar from 222 on Wednesday to 225 on Thursday, barely 36 hours after the Central Bank of Nigeria banned importers of rice, textiles, tomato paste and 38 other items from getting their forex needs from the nation’s forex market.

The regulator had said the new rule would help preserve the external reserves, facilitate the resuscitation of domestic industries and generate employment opportunities.

But the ban, which economists said would see about $5.7bn quarterly forex demand by importers of the items move from the official to the parallel market, is already fuelling scarcity of dollar at the black market and the Bureau De Change segment of the forex market.

Black market operators in Lagos, Abuja and Kano told our correspondent on Thursday that they had limited amount of foreign currencies for sale.

While many claimed that they did not have dollar for sale, a few who were ready to sell the currency quoted between N224 and N225 as the selling price.

The Acting President, Association of Bureau De Change Operators, Alhaji Aminu Gwadabe, said the dollar sold for between 224 and 225 on the street market because many of the operators were hoarding their stock of forex in anticipation of further rise in prices against the naira.

The hoarding, he said, followed the CBN’s new policy banning importers of 40 items from the forex market.

He said, “Most operators at the black market and a few at the BDC segment are hoarding their stock of forex in anticipation of further price increase. Most of them believe the CBN’s new policy will shift a lot of demand to the parallel market and the BDC segment, a situation that may make the naira to fall. So, rather than sell what they have, they are hoarding it. It is this artificial scarcity that is causing the price to rise.

“As of today (Thursday), the United States dollar is being sold for between N224 and N225. However, pounds and euro are still at 350 and 249, respectively. They may also rise in the coming days, while the dollar may sell for N230 by next week.”

The CBN had said that traders desirous of importing the banned items could do so using their own funds without recourse to the forex market.

Economists and analysts said the move would put the naira under further pressure as importers push more demand from the interbank forex market to the parallel market.

Trading on the interbank market, which is pegged around the central bank’s rate of N196.90 to the dollar, was at N199.40 on Thursday.

An economic and financial analyst at the WSTC Financial Services Limited, Mr. Olutola Oni, said the new forex rule would lead to inflation.

The Head, Research and Investment, Afrinvest West Africa, Mr. Ayodeji Ebo, said that the new policy would reduce the income of banks.

Source:http://www.nairausd.com/2015/06/naira-now-n225-in-paralllel-market-on.html

225, record breaking mark. I had its been sold between 300-350 in some places. $1-#1 promise is here to stay. One chance and change mantra is now a reality. Seeing is believing.

I’ll make Naira equal in value to dollar, says Buhari

on March 23, 2015 / in News 8:31 pm


Owerri – The All Progressives Congress (APC) presidential candidate, Gen. Muhammadu Buhari, on Monday said he would ensure that the Naira was equal to the dollar in value, if voted into office.

Buhari stated this during the South-East presidential rally of the party at Dan Anyima Stadium, Owerri.buhari-Naira

“It is sad that the value of the naira has dropped to more than N230 to one dollar; this does not speak well for the nation’s economy,’’ he said.

He urged the people to vote for APC, noting that he would ensure that corruption was tackled headlong if elected.



Okorocha said Buhari would address the problem of electricity, bring back the kidnapped Chibok girls and promote industrial growth.

The rally was attended by APC supporters from Abia, Ebonyi, Anambra, Enugu and Imo. (NAN)

- See more at: http://www.vanguardngr.com/2015/03/ill-make-naira-equal-in-value-to-dollar-says-buhari/#sthash.1NLy6pqC.dpuf

Since Buhari came to office, he had met with leaders of the G-7, including the now regarded as queen of Europe which Buhari nicknamed President Michelle of West Germany. The Naira continues to slide down against other foreign currencies.

I really do not know why uzo200 rated http://www.touchpapyrus.com as the worse blog ever, is it all because of the traffic?

1stola:
All thanks to the clueless ogogoro dullard zoologist drunkard

If not for "CHANGI", the mofo would have bankrupted this country

#NEVERAGAIN

Baba will make one naira = one dollar very soon

The present fall of the Naira is under your brainless buhari's watch and you are calling GEJ...you are a dimwit!

1stola:
All thanks to the clueless ogogoro dullard zoologist drunkard

If not for "CHANGI", the mofo would have bankrupted this country

#NEVERAGAIN

Baba will make one naira = one dollar very soon

You are the last scam of the century if you still not sure that you are in the fake CHANGE world. Leave Jona from this and be awake to reality of Buhari your new god of change

OP first of all, please correct your topic; June 25, 2015 is not a Friday. It is Thursday

Secondly, I don't know the kind of BDC mallam you use for your rates oo, but the ones in Eko Hotel and Federal Palace Hotel in Lagos are still dealing at N222.

Infact the rate has remained stable at N222 since Thursday June 18, 2015

Thank you

ifyan:

The naira tumbled against the dollar from 222 on Wednesday to 225 on Thursday, barely 36 hours after the Central Bank of Nigeria banned importers of rice, textiles, tomato paste and 38 other items from getting their forex needs from the nation’s forex market.


Source:http://www.nairausd.com/2015/06/naira-now-n225-in-paralllel-market-on.html

Tufiakwa

baba one chance

we are seriously fvcked!

hefty4real:
I support the banning of locally made ogogoro

who is talking about ogogoro here wit dollar price

Charpell:
No wonder my uncle couldn't buy yesterday, where is Buhari that promised us $1 for N1

Where is the PDP that got us into this mess in the first place?

PDP...16 years in power...and at the end...we are still a resource dependent economy.(after all their promises too!).

At least make sure Buhari avoids PDP's mistake by ending our dependence on oil....instead of cracking jokes about N1=$1!.

If APC does not get Nigeria off oil in the next four to eight years...then they are just as clueless as PDP....and should be replaced with a government that will end our dependence on oil once and for all!

Oil is a curse.

lawanson44:


The present fall of the Naira is under your brainless buhari's watch and you are calling GEJ...you are a dimwit!

Of course....it isn't GEJ's fault ultimately....the fact remains that it is the Saudis....playing a high class game of chicken with American shale oil producers who caused the drop in oil prices...that led us to this point.

But your PDP.....16 years ago...oil was our only source of income. By May 29 this year....oil was still our only source of income.

Why didn't GEJ, OBJ and Yaradua take us off oil?

And before you start....if Buhari does not begin to get us off oil by 2019....then he is not fit for the job of ruling this country!

you are dreaming, which baba? are u still hoping for $1 to #1 ? mumu, that baba is confused as u are now .

1stola:
All thanks to the clueless ogogoro dullard zoologist drunkard

If not for "CHANGI", the mofo would have bankrupted this country

#NEVERAGAIN

Baba will make one naira = one dollar very soon

coollaw:
who is talking about ogogoro here wit dollar price

I wonder oo Can Sm1 pls tell him.

Adesiji77:
This should be expected. It is the law of demand and supply at work...

Please tell them.

NoMoreTrolling:
Why cant we get a real bureau de change in Nigeria?

Why must it be only malam?

That shh is soooo weird

Illiteracy is not only by not going to school but by not knowing

THE COUNTRY HAS 2668 AUTHORIZED AND WELL STRUCTURED BDC'S.
CAPITAL BASE OF MINIMUM OF 70 MILLION NAIRA

Thread For Exchange Rate For B Pound-naira Daily

Exchange Rate for Dollar-Naira, Friday 26th June 2015

http://www.nairausd.com/2015/06/exchange-rate-for-dollar-naira-friday_26.html

Follow me on twitter for everyday rate @nairausd

It's for the good of the country. Big picture

which way 9jaa...





Do you live in Akwa Ibom State? Do you relish the desire to own your own business with little start up capital and promising returns in investment? Do you hope to look into the mirror each morning and know you are talking to the boss? Are you enterprising?/Would you love to be? Do you have an aptitude for thinking out of the box? Then call or add me up on whatsapp 08085188110. You will be glad you did

1stola:
All thanks to the clueless ogogoro dullard zoologist drunkard

If not for "CHANGI", the mofo would have bankrupted this country

#NEVERAGAIN

Baba will make one naira = one dollar very soon

Mumu!!!

Wow, foreign student chai! How will we cope. God v mercy

Charpell:
No wonder my uncle couldn't buy yesterday, where is Buhari that promised us $1 for N1

*searching for him with my Nokia torch light*

Charpell:
No wonder my uncle couldn't buy yesterday, where is Buhari that promised us $1 for N1

Go nd search for him online.... slowpoke