Adsense publishers should flood the market in a week's time

wristbangle:
The current CBN policy is not effective at all.

Lalasticlala, dollars is now 360 naira.

abeg lala na god or another spirit? All d time lala

The naira began to die in the 80s when in a bid to stem the tide of corruption, his excellency the Head of state decided to change the colour of the naira thus rendering the billions of naira in circulation useless and of course, nations around the world lost confidence in the naira.

Right now, the naira is about to be buried

Rose2014:



Nigerians enjoying change since 2015

Buhari and osibanjo please take us back to where you met us in 2015.

Sadly Buhari cannot do I all by himself. There is Market determined side of economics and the street side of economics at play here.

Most Nigerians complain about the rising cost of dollar exchange for Naira but due to greed continuously fuel the situation.

We are all to blame and not just Buhari. Like I care to tell anyone who listens. This is the best we can get for now.


Love your profile pic by the way.

Oliviaxx:
Buhari cannot even do anything for this country. Our own has finished oo just like that

This is the black market for the real market it is 280, so no panic guys

Make I run go change this $100.....it haff tey

Very Good!

just watching

Sometimes, I wonder why government cannot just make these BDCs to register as agents of banks and deal on their behalf at the interbank rates. In a country like ours where patriotism is a scarce commodity, the gap between the black market and interbank rates will continue to widen except government takes a drastic step to halt it.

Biko,its only Ur own that have finish oh.
My own have not finish.

Oliviaxx:
Buhari cannot even do anything for this country. Our own has finished oo just like that

Thank you so much Mr Ebele Jonothing Badluck. You really did well for this country, helping us to deplete our dollar reserves by distributing it to traditional kings and all sorts as long as they promised to vote for you. heck you even visited association of witches and wizards and gave them some too.

you try well well.

[size=18pt]CHANGE![/size]

What a mess, do we still have a government. What advice is the finance minister and her expert proferring under this monumental economic disaster. At times like this we need a real change, change the financial managers who seem helpless if that doesnt work change the entire team if that doesnt work then 'To your tent O Israel'

keypad1:
Most appointments in this regime are from the Nut. The juicy and critical appointments. While the crumbs position are given to the wasterners and yeasts. The wasterners and yeasts always claim to be the most intelligent yet they are being played and maligned by the Nutterners.

The problem of nigeria are the 3 major tribes. Full of tribalism and religion bigotry.


The other minority tribes are also not left out in destroying this kontri.


Nepotism and man know man syndrome is every where. No wonder the presidiot keeps giving his kins men all the best appointments with prejudice written all over it.


Someone ask. When will nigeria get better? Ayam sorry to disappoint you nigeria will not get better. Until almajiris go against their governors and leaders for misleading, until the afonjas criticize their corrupt brothers like obasanjo and tinubu, until the yeasterners condemn their brothers truthfully like okorocha and ekweremmadu.

Then nigeria will be great again.


Until then.....lets enjoy the sinking sink


source: my words

Excellent analysis.

But, speaking for East, Okorocha and Ekweremadu have never been our leaders, talkless of being followed.
They are political jobbers after their own stomach infrastructure.

Good leadership at the center benefits all Easterners, that's why we are not so gung ho about presidency, ..just able, sincere and fair leadership.

Now, supporting what you said, Nigeria is not going to get better, not anytime soon.
I, and many millions of Nigerians, had hope, saw glimmers of improvement in national life 2 yrs ago, when all human development indices were pointing up and rising.

The history of Nigeria, if we must call a spade a spade, clearly shows us that when a nutterner is at the center, everything goes downhill.
Is this was merely my bigoted opinion, then I could be proved wrong. Buts it's the historical fact.

Now, anyone still out there, who thinks, dreams or fantasizes that This particular nutterner, who encapsulates everything wrong with the nut, and Nigeria in general, who makes appointments to sensitive positions only from a region with far the worst socio-economic indices in Nigeria and West Africa.
Anyone still dreaming that Nigeria will be 1% better under this dispensation had better wake up from the delusion.

Nigerian Renaissance postponed until this fossilized dinosaur leaves ASO Rock.

Yasher:
The naira began to die in the 80s when in a bid to stem the tide of corruption, his excellency the Head of state decided to change the colour of the naira thus rendering the billions of naira in circulation useless and of course, nations around the world lost confidence in the naira.

Right now, the naira is about to be buried

Bullshyte.

Currencies don't have intrinsic values . They are the measure of values, economic value, PRODUCTIVE value.

You can say that our currency began to die when our productive value began fall in the 80s due to visionless leadership.

These people shouting CBN policy on here don't know what they are talking about. It's expected when demand exceed supply for prices of commodities to increase. As long as we remain a non-production country we would continue to suffer this.

It's been long I heard Sia Baba

which way nigeria?

It's not a new thing, naira has been bowing down to dollar for some time.

/
Devaluation at work.

All the proponents will learn the hard way.

\

Yasher:
The naira began to die in the 80s when in a bid to stem the tide of corruption, his excellency the Head of state decided to change the colour of the naira thus rendering the billions of naira in circulation useless and of course, nations around the world lost confidence in the naira.

Right now, the naira is about to be buried

Nice try, but it does not hold water.

Our problem, in brief is that we do not have enough foreign exchange to buffer the naira due to two reasons

1.Fall in the prices of the commodities we sell (in our case oil).

2.Lack of sufficient local manufacturing capacity due to over-reliance on imports....which affects our forex supply in two ways

a) We lose forex due to over-importation of goods and services that we could manufacture at home (and that ironically includes the raw materails for some of our industrial products).

b) We crucially lose a potential forex supplier in export of manufactured goods (For example, if we made (NOT ASSEMBLED)cell phones here in Nigeria, we could earn millions both at home and from exports abroad.

Changing the color of our currency in 1984 had nothing to do with it.(And anyway, the naira was still below N5 to $1 under Buhari from 1983-85. It was when IBB devalued the naira, and brought in the two tier forex system from 1987-89 that things got worse. But , that is not the cause of the problem. Oil prices also crashed in 1982...long before Bubu thought of overthrowing Shagari..meaning low forex reserves from late 1982-2003 when the oil prices started picking up again).

plaetton:


Bullshyte.

Currencies don't have intrinsic values . They are the measure of values, economic value, PRODUCTIVE value.

You can say that our currency began to die when our productive value began fall in the 80s due to visionless leadership.

Good point you make.

Though, if you ask me, we never had good productive value from independence.

Our economy at 1960 was dependent on revenue from agric and some mining (Oil was there but it was not a major contributor till the 1970's...for various reasons). AND we had a guaranteed market in the UK.

Once our revenue from agric started falling in the 1970's ...we just switched to oil. We did have some manufacturing capacity, but thanks to free oil money...we did not develop it.(Why make biscuit when you can import it).

Once prices go down, the true nature of our economy gets revealed. And it happens every time.

Rose2014:


Nigerians enjoying change since 2015

Sai Baba!!!

Beremx demdem omenka passingshot

What do y'all have to say about this?
Where's the one dollars equal to one naira?

DeCypherMe:

When nothing we produce is wanted, what else will happen?
Funny enough, we want everything produced elsewhere.

..but we produce religion in abundant ....
how about that?

"I will make 1 dollar equal to 1 Naira" - Buhari







The tyrant is truly a dullard!

Quakertellicus1:


Good point you make.

Though, if you ask me, we never had good productive value from independence.

Our economy at 1960 was dependent on revenue from agric and some mining (Oil was there but it was not a major contributor till the 1970's...for various reasons). AND we had a guaranteed market in the UK.

Once our revenue from agric started falling in the 1970's ...we just switched to oil. We did have some manufacturing capacity, but thanks to free oil money...we did not develop it.(Why make biscuit when you can import it).

Once prices go down, the true nature of our economy gets revealed. And it happens every time.

Agreed 100%

aku626:
“Nothing much is really happening on the supply side of the market. Liquidity issue is still there. We actually felt that foreign investors should have been coming in by now.”
SERIOUSLY?

lol ..if you're an investor will you sight your company in a country that have no electricity

Omooba77:


Any where wey dem like make dem appoint. My own be say make help d poor like me de get my daily bread and make Nigeria no spoil finish

Naija don finish under this presidiot o.

carmag:


..but we produce religion in abundant ....
how about that?

lol
That was exactly the product that topped my list of made in Nigeria list.
Who wants to buy that BTW? Nobody... come to think of it, most Nigerians are heavy patrons.

bad