Today's (27/5/2016) exchange rate of the Nigerian Naira against the Dollars, Euros and Pounds


http://www.metronaija.com/2016/05/naira-crashes-to-all-time-low-against.html

cc: lalasticlala mynd44

may God help us

CHAI BUHARI HAS FINISHED US! THIS WAS ACTUALLY EXPECTED SINCE WHEN HE GAVE OIL MARKETERS FREE HAND IN SOURCING FOR DOLLARS .I LAUGH AT ZOMBIEZ WHO THINK OIL PRICE WILL COME DOWN IN THE NEAREST FUTURE ,SO LONG AS THE GOVERNMENT REFUSES TO MAKE DOLLAR AVAILABE TO THE MARKETERS WE WILL CONTINUE TO EXPERIENCE THE FALL OF THE NAIRA

All rates except the USD Parallel exchange rate is correct.

The USD Parallel exchange rate is N351/$1.

When CBN lets the official exchange rate float, things will eventually normalize.

With the budget and increase in capital inflows that would result from the lifting of currency limitations, hopefully we are just a few months away from recovery.

When everybody was advising Buhari to do the needful ever since, he was being adamant like a spoiled brat.

The naira should never have gotten to N350.

-Lord

BIAFRA or NIGERIA MEANS POVERTY WITHOUT SOUTH SOUTH OIL


The current activity of Niger Delta Avengers have clearly proven that the North or West don't care if South east leave Nigeria. All the one Nigeria supporters cares about is South South oil.

Also BIAFRA agitators don't want BIAFRA without South South oil. Give them South East alone Biafra, they will prefer to remain in Nigeria than form a country that is south east alone.

Nigeria govt was never shakened or moved with all the massive protest for Biafra in the south east. Nigeria Economy was not moved or shaken with all the protest in Aba, Onitcha etc in South east. This clearly shows south east are not very important economically in Nigeria. They are mostly into distribution of goods and not creation of wealth. Importation of foreign goods and goods distribution does little to income of the federation. They rather deplete the reserve than add to the reserve of the country.

But a small group in Niger delta who have not even enjoyed large support from Niger Delta people is already making Nigeria bleed.
Imagine when Niger Delta people decide to protest for Niger delta republic the way South east people have been protesting for Biafra?

This clearly shows only South South is feeding this country Nigeria.

North, South East and South west are mostly parasite who contribute very little to Nigeria and take much.

So when Igbo Shout Biafra it simply means they want to cut off North and Yoruba so dat they become the only parasite to South South.
When North Shout one Nigeria it means they want to be part of the parasite.

My position: It is very unfair for south south alone to be feeding the whole country. With the other 5 geopolitical zone contributing little.
All the other five regions (NE, NW, NC, SW and SE) must contribute their share to the Nigeria state.
If the other five region fail to do this, I clearly support Niger Delta Republic with south south alone.
Thus if Nigeria wont work, let:

North West and North East form Islamic Republic
North Central form Middle Niger Republic
South East Form Biafra
South West form Odua Republic
South South form Niger delta Republic.

This is the best solution to this country with 5 parasite feeding on one 1 prey.

It is unfair and evil.

N500 hundred naira for pounds or what am i seeing
Jonathan sef
But where is lalasticlala sef

www.nairaland.com/attachments/2329446_2310894imageedit25559604097jpeg6207133cb2251c60c0d3e307c28d235c_jpeg43e795ffbb3dd3fc428ae16fab3b0fbd

LordAdam:


When CBN lets the official exchange rate float, things will eventually normalize.



-Lord

Huh
I see a lot of words patched together, but I can't seem to understand what they mean.

For example, what the hell is official rate float?
What exactly is the meaning of normalize?
Normalize to what ?

LordAdam:


With the budget and increase in capital inflows that would result from the lifting of currency limitations, hopefully we are just a few months away from recovery.

Again, reading this, I am dizzy just trying to understand it.
This sounds like what they call " HAIL MARY" economics.

Gather all the Voodoo men, marabouts and prayer warriors.

LordAdam:


The naira should never have gotten to N350.

-Lord

Based on what economic fundamentals ?

metroparrot:
Today's (27/5/2016) exchange rate of the Nigerian Naira against the Dollars, Euros and Pounds


http://www.metronaija.com/2016/05/naira-crashes-to-all-time-low-against.html

cc: lalasticlala mynd44

NO THANKS TO BUHARICOMICS. SAI BARBER ZOMBIE, YOU SEE YOUR LIFE?

Praise the Lord!

...And free-fall of the economy under the dullard continues unabated.