dOnLarich:
What if your wife proves you're not the biological father
of your children?



You mean when am the one that is what or what are amI
saying self .. I actually mean am the one that is not my
father

Raiders:
GEJ is responsibility for all our economic problem.

repogirl:
you just exposed your ignorance for free with this statement.. Even if you buy goods from abroad they will charge same rate as bureau de change because that is the market selling price and not CBN selling price.

NaLaugh:
Each time I see one these "Naira Crashes" topics on Nairaland, I rush to check the official rate, to see if it's a sweet time to send cash to Naija.

But it is ALWAYS hovering at the same $1 = 199.05. Other than the very few people in Nigeria who have to make payments in USD for visas and such, I don't see how the "black market" rates are relevant to average Nigerians.

These fluctuations at the "black market" are only driven by arbitration done by people running that market.
It has zero reflection on the strengths or weaknesses of the Naira. ONLY an official change in the exchange rate signals that.

At this moment, the official exchange rate remains $1 = 199.05.

Gaborone:


Yesterday at the office, my boss walked up to us - employees- and gave an impassioned talk about President Buhari's style of governance. He said, while he thought Buhari's attempt at recovering stolen funds were not out of place in itself, he was giving way too much attention to it. According to him, the President's lack of priority in this regard had become counter-productive and had started to prove detrimental to other areas that are in dire need his attention.

To drive home his point, he gave us a parable of an employer who kept N20,000 in his office somewhere, and on coming back to take it, he discovered that one of his Clerks had run off with it. After the discovery, the employer took the keys to the office, locked it up. He ran out with as much fury as he could muster, shouting to the hearing of all who would listen, "Who saw my boy?!!!", "Please, help me find him and get my money!!" All the while this employer was out looking for the stolen money, his shop remained under lock and key, no monies coming out, no monies going in. No customer, no profits in sight; he was making losses with every turn. Yet, ALL that mattered to him remained getting the thief of a boy, and recovering the stolen money.

My boss likened the employer in the above parable to President Buhari. He says our President has practically closed shop -Nigeria- and has decided to channel all his energy into getting stolen funds, forgetting that there is a bigger picture -an economy- that needs urgent attention; forgetting that the country might be going into a recession; forgetting that people are losing their jobs, forgetting that foreign investors are leaving, and more are 'plotting' to close shop and leave Nigeria; forgetting that an economy is not run by stolen funds which are recovered, but that if anything, they are to be regarded as "extras".

The above is how my boss sees things right now, and I agree with him.

I have to agree because, since coming into office, the activities of President Buhari's government has centered around just two things: 1. Foreign trips; and 2. Instigating the prosecution of looters of the past (who I must mention are not pro his government or pro-Apc). While the relevance of the above two can really not be downplayed, the fact remains that attention need to be given to the economy of Nigeria. As my boss said, no country has ever been run on recovered funds. Me thinks he needs to stay home a bit more, and pay attention to the alarms being raised by the World Bank and other bodies about Nigeria's economy. He need to share that attention he is giving the boy who stole the money.

MrPresident1:
God bless Nigeria.

mployer:


Don't discuss something you know nothing about.

who told you banks are selling at 199?

NaLaugh:
Each time I see one these "Naira Crashes" topics on Nairaland, I rush to check the official rate, to see if it's a sweet time to send cash to Naija.

But it is ALWAYS hovering at the same $1 = 199.05. Other than the very few people in Nigeria who have to make payments in USD for visas and such, I don't see how the "black market" rates are relevant to average Nigerians.

These fluctuations at the "black market" are only driven by arbitration done by people running that market.
It has zero reflection on the strengths or weaknesses of the Naira. ONLY an official change in the exchange rate signals that.

At this moment, the official exchange rate remains $1 = 199.05.

Kenai:


http://www.thecable.ng/naira-trades-at-260-highest-in-42-years

With this disastrous news, get ready for tomorrow's story by Buhari and his goons on Goodluck Jonathan's $980bn loot, all in a desperate attempt to deflect attention from our current economic woes and keep their gullible supporters distracted on frivolities and nonsensical white lies.

If we didn't have a voting public so intellectually vapid, the focus would have been on asking our dear mallam to adequately elucidate on how he so miraculously "Cut down Nigeria's Inflation from 20 percent to 0 percent" as his campaign team so falsely bellowed.
Did he do it with a cutlass?
A few minutes of investigation and fact-checking would have made it clear to anyone that the story was nothing but a blatant lie.
When you claim to be an honest man, but your campaign promises are filled to the brim with unintelligent lies and slogans, it's time for some soul searching.

What's even worse is the fact that this man fought tooth and nail for the presidency for 12 years. 12 SOLID YEARS!
He finally gets there and is as visionless and lost as ever, promising to hit the ground running but taking 6 months to build a cabinet; with his mouth in hyperdrive and his brain in suspended animation.

Shame on this Twitter generation.
I will never be a slave to ignorance.


cc: Lalasticlala, Dominique, Ishilove, Firefire, AgabaI23, Atlwireles, WhiteTechnology, Whynotthetruth, Beremx, sunnyb0b0, Anonimi, MizMyColi, Ola6, Chukwudi44, NgeneUkwenu, Midolian, Modath, OrlandoOwoh, Jarus, Owobokiri, Owobikiri, AnambraDota, Rozayx5, Mogidi, TonyeBarcanista, Ecoterrors, Rawtruth, Onenaira3, Dabullit

NaLaugh:
Each time I see one these "Naira Crashes" topics on Nairaland, I rush to check the official rate, to see if it's a sweet time to send cash to Naija.

But it is ALWAYS hovering at the same $1 = 199.05. Other than the very few people in Nigeria who have to make payments in USD for visas and such, I don't see how the "black market" rates are relevant to average Nigerians.

These fluctuations at the "black market" are only driven by arbitration done by people running that market.
It has zero reflection on the strengths or weaknesses of the Naira. ONLY an official change in the exchange rate signals that.

At this moment, the official exchange rate remains $1 = 199.05.

Kenai:


http://www.thecable.ng/naira-trades-at-260-highest-in-42-years

With this disastrous news, get ready for tomorrow's story by Buhari and his goons on Goodluck Jonathan's $980bn loot, all in a desperate attempt to deflect attention from our current economic woes and keep their gullible supporters distracted on frivolities and nonsensical white lies.

If we didn't have a voting public so intellectually vapid, the focus would have been on asking our dear mallam to adequately elucidate on how he so miraculously "Cut down Nigeria's Inflation from 20 percent to 0 percent" as his campaign team so falsely bellowed.
Did he do it with a cutlass?
A few minutes of investigation and fact-checking would have made it clear to anyone that the story was nothing but a blatant lie.
When you claim to be an honest man, but your campaign promises are filled to the brim with unintelligent lies and slogans, it's time for some soul searching.

What's even worse is the fact that this man fought tooth and nail for the presidency for 12 years. 12 SOLID YEARS!
He finally gets there and is as visionless and lost as ever, promising to hit the ground running but taking 6 months to build a cabinet; with his mouth in hyperdrive and his brain in suspended animation.

Shame on this Twitter generation.
I will never be a slave to ignorance.


cc: Lalasticlala, Dominique, Ishilove, Firefire, AgabaI23, Atlwireles, WhiteTechnology, Whynotthetruth, Beremx, sunnyb0b0, Anonimi, MizMyColi, Ola6, Chukwudi44, NgeneUkwenu, Midolian, Modath, OrlandoOwoh, Jarus, Owobokiri, Owobikiri, AnambraDota, Rozayx5, Mogidi, TonyeBarcanista, Ecoterrors, Rawtruth, Onenaira3, Dabullit

murtalaa:
if you are a legitimate importer, you can access the dollar at official rate of 197.

Raiders:
GEJ is responsibility for all our economic problem.

mployer:




Comments like this make me laugh...bro, you know nothing about this.

babyfaceafrica:
So?...who exchange don help apart from yahoo boys?...