Its getting scary by the minute. Here's the link

http://odili.net/news/source/2009/mar/16/616.html

May God help us all.

Yeah. . . . . I changed 200dollars today for 40k naira. . . . it was at the black market though ^{dem abokis}

Heeeeeeeeeeelp!!!!!!!!!!! this exchange rate is killing me. Please somebody tell me this is gonna come down again and when?? I'm in a fix oooo!!!!!!!!!!!!

wezo01:

Heeeeeeeeeeelp!!!!!!!!!!! this exchange rate is killing me. Please somebody tell me this is gonna come down again and when?? I'm in a fix oooo!!!!!!!!!!!!

There's hope if the observations ==>HERE<== turn out to be correct. If not, we may be looking at a total collapse of the Nigerian economy where 90% of consumer goods are imported, raw materials for local manufacturing firms are imported etc etc

Cheers,
J

God help my fatherland, Nigeria.

men, Thank God o
tyme 2 work o
2 get more dollars!
abeg o,
unbelievable

190:

men, Thank God o
tyme 2 work o
2 get more dollars!
abeg o,
unbelievable

Good for you. . . . But seriously its detrimental to us all

and funny enuf
my forex no de gree pay again

Make $ stop to go up o . i have to buy $ from time to time to pay for may online hosting business. now i have to charge more because of this $ thing.

Anyway, God Help Us.

why is the person that said nigeria is immuned to the global wahala not showing up?

neva mind dollar will crash soon this move >> http://www.tribune.com.ng/18032009/news/news2.html << will definitely make some differnece.

They brought that news to stop speculations, but until they actually release dollars its all bruhaha, they now the govt its not first or last time. Fill your pocket first.

Can anybody please tell me how much dollar is, as of march 18. Thanks

Another bunch of lies from the "foreign press" - the day this post was made, the dollar fell from an all time high of 187 to 175, and yet odili.net carried a very false report.

I change dollar for N173 this morning and Mallam dem dey sell for N175 for Lagos. Mallam tell me say dem dey expect price to go down because Soludo dey plan to supply more dollars.

1USD is at N173 this afternoon in Zone4 Abuja.

N181 @ Eko Hotel this morning!

Dollar bought for 165naira in PH

Thank God no one in this section is shouting their glee from the rooftops at the rapid erosion of the naira the last few months.

N160 today at Eko Hotel.

Praise God, hope is rising.

i bought dollar from black market in uyo 168 yesterday, 20/03/09, so it will surely come down the more.

cheers.

u.i

I heard 148 2day can some1 pls confirm this?

It is N250 per Dollar as at today!! How come

@inspired_m,
this 147 bank rate, is it for real??i mean can u get like $15k to buy from the bank at dat rate?What will one need?do you need a visa or a proforma invoice to show it's for business.what do u know?? Thanks.

keyremotes:

N160 today at Eko Hotel.

Praise God, hope is rising.

I pray it moves upward to 300NGN=1$ , I swear, money don come big tyme be that ,God don butter my bread b dat , no be $ wey we dey change 113 dos days ? mehn , it;s time to shine, abeg $, keep moving jor ,

It's not a spam,
official bank rate as at toady is
147.2

What then is the black market saying?

Things are shaping up now,



The measures put in place by the Governor of Central Bank of Nigeria (CBN), Prof. Chukwuma Soludo, to stabilise exchange rates appear to be achieving the desired results as the wide gap between the official and parallel markets narrowed at the weekend, $1 exchanging for N160. As at the close of business last Friday, a dollar exchanged for N147.51 at the official foreign exchange (the CBN daily forex auction), indicating a difference of N12.49 when compared with last weekend’s parallel market rate of N160 that went as high as N188 per dollar about a week ago. CBN also flooded the foreign exchange market that had been initially starved with dollars by selling forex on daily basis to banks and qualified Bureau De Change. “We’ll supply whatever is necessary to get the economy on an even keel,” Soludo said. “If the market is going to absorb between $100 million and $200 million between now and next week, we’ll supply,” Soludo told journalists last Tuesday in Abuja. As the supply of dollars to the market improves, the gap between the official and the black market rates would drop, Soludo said. He recalled that the problem in the foreign exchange market started when the apex bank stopped funding of the market. The stoppage, he said, was informed by the decision of the Federal Government to stop funding illegal foreign exchange market to cushion the effect of global financial crisis. The governor said all the currency speculators in the next few weeks would have themselves to blame as the apex banking would flood the market with foreign exchange. In a bid to ensure that the new policy achieves the desired effect, Soludo said that the CBN would only sell the dollars to class’A’ Bureau De Change and the bank Bureau De Change. ThisDay, Front Page

any idea how much does it go for now?

pureminded:

I pray it moves upward to 300NGN=1$ , I swear, money don come big tyme be that ,God don butter my bread b dat , no be $ wey we dey change 113 dos days ? mehn , it;s time to shine, abeg $, keep moving jor ,

Looks like I spoke too soon