yaki84:




its not abt devaluation, all what we want is revalue the naira mista president.
also release dollars, cos d disparity btween the cbn price tag n the open mrkt is too much.
lets forget this lies they r telling us abt depleted foreign reserves n dat bdcs encourages corruption, if our foreign reserve is depleted then our national reserves shud be filled to d brim with naira since dollars is scarce. I know people will understand what am saying, this is it, nigerians go to banks for dollars, u pay n they give u dollar equivalent, ur money is deducted from ur account so both parties aint loosing, the onlyarea affected is that the foreign reserves is depleted but the national reserves is increasing with naira. the duty of cbn is now to source for dollars with the national reserves.
abi d importers dey import for free? dont bank charge denm for dollars they get from banks?

jpphilips:



This is the dumbest analogy I have heard for 2016, Did someone actually pay for this empty education you wield?
Just tell me you are a product of free education, I will understand!!

Mboi:

3. PMB and his entourage should put a stop to all these unimportant foreign trips to also increase our forex reserve. It's estimated that each presidential foreing trip cost about $1m.

jpphilips:


Which India? please shut up when humans are talking

repogirl:
in that case, explain why exactly CBN stopped supplying forex for importers, students and medicals.

Also explain what happens to the Naira which the importers exchange from the CBN.

I would really love my ofadarice brain to be enlightened.

urchmanx:

Do you regard yourself as a human? You can read up how India improved thier domestic production by putting high import duty on selected imports and stop wasting ur mb insulting people. That you believe in this fuckup administration doesn't mean I have to trust them too. All the same when kids comment we know. You are still been feed by your parents, you didn't understand what making money is. Next time you take your shower before commenting because you are stinks.

jpphilips:


you should have asked this question abinitio so you will save yourself the embarrassment of misinforming your fellow dullards, to believe that an empty skull like you is calling Mr president a Charlatan speaks volume of your persona, A man whose trip to the middle east is the game changer Nigerians have been waiting for close to a year and half? I don't blame you shaa, I blame the community school that was upgraded to a college of Education that gave you admission on scholarship.

jpphilips:


When your reasoning ability comes close to that of a human, only then will you have choice of trust, for now, just continue existing like repogirl

jpphilips:


When your reasoning ability comes close to that of a human, only then will you have choice of trust, for now, just continue existing like repogirl

repogirl:
urchmanx, pay no heed to the fool, he has nothing to offer.... At least we exist, lol... He is dust, of no importance, utterly useless and just a bloody nuisance everywhere.

erico2k2:

Nigeria is full of greedy beings. They know what to do but bend it for thier selfish interest

repogirl:
see, don't give yourself migraine.

CBN gets forex from our sales of crude mainly, but if you have noticed, there's no profit coming from that angle anymore. Crude prices have dropped drastically.

Meanwhile CBN still has obligations to supply forex to importers. They have to take from the reserves which isn't accruing much these days.... And when it's time to return the money to the reserves, they return less....except that money never goes back to the reserves which is even worse.