Truth234:


My concern is sustainability of foreign exchange supply. The Shale has upped production following Donald Trump wins, disrupting OPEC successful consensus, hence, plunging oil below $50/barrel for the first time in three months.

Even though, oil was pegged at $45 a barrel in the 2017 budget, there is possibility of price slipping below that benchmark if OPEC failed to take into consideration US Shale production during September cut. However, our oil revenue will take a slight hit for now but I don't think it will have a significant impact on current progress considering the fact that just about $2.6 billion has been sold so far by the CBN, which is below what we generate in a single month. Therefore, the CBN still have enough arsenal to hurt speculators and close forex gap.

SalamRushdie:

Taaa receive sense there zombie

Ogunleti01:
Mr Monkey park well!

postemail:


Hi 989900. Just a few questions for you and the house;

Excluding CBN's weekly intervention, Is there any other reason why the Naira is strengthening?

Do you think it will fall to the PTA / Bank rate -375?

justjify:

Hey, is calling someone a liar bring courteous? Remove the log from your eyes girl. You have nothing to tell me about courtesy. The guy said It is now N400 Check abokifx.com. Which some other people confirmed. Be it selling or buying, if you are smart enough you can get it for even less. You must have seen where a guy said its N390 somewhere in Lagos.
So babe, what's your pee? You should be celebrating since you want to travel to UAE, its working in your favour.
Take a chill pill sweetheart.
By the way, how far with your visa? Any progress? Good luck.

wristbangle:
I want to know Rhino Mockery view about this development.

In d mean time, well wishing Nigerians are still observing d situation.

SalamRushdie:


Under Osinbanjo it did but the recent one is all cosmetic because Buhari is pumping in govt reserves to make sure it doesntvfall as a result of his return ..in two weeks they have flooded the market with nearly 500 million dollars to give it this cosmetic rating

Ogunleti01:
what was osinbajo pumping during his time? Stupid analysis

Amberon:
I was kidding when I said liar liar pants on fire, lol.

The visa is going fine, and yes the dollar thing is working in my Favour. Thanks.

TheSCRYPT:

A quick question to those who may be knowledgeable enough to respond. 
What happens when the laws of economics' diminishing marginal utility catches up with this policy? 
Is there a possibility of it backfiring? 
Because this seems to be the same policy Mr Jonathan employed when he was accused of using external 
reserves to support the failing Naira before he was voted out. 
It is a good thing that crude oil prices have stabilized, however, we may need 
another source of foreign exchange sooner rather than later as we begin to find other 
use for our external reserves instead of spending the bulk of it on cushioning the system.

Someone educate me biko.

989900:
It is inevitable if you're studiously studying the dynamics and parameters.

It will capsize dramatically once it converges with/near IMTOs rates.

Speculators . . .

EDIT: it is N390@Dopemu right now.

justjify:

Issorait.
No beef.
Mind you I am not an E-warrior, I don't hop around looking for people to fight let alone, girls.
All the best miss.

Infinitikoncept:

So Reno is now your reason for masturbating? Dial his phone number and tell him yourself since he seems to be giving you high blood pressure. Check the screenshot well to read the whole jargons you are shouting for well. It's a conditional statement.

Infinitikoncept:

So Reno is now your reason for masturbating? Dial his phone number and tell him yourself since he seems to be giving you high blood pressure. Check the screenshot well to read the whole jargons you are shouting for well. It's a conditional statement.

SalamRushdie:
Nigeria celebrating mediocrity since 2015

smartty68:

Mallam buys at #400 from BDC and sell @ #410+ to us

DhimxyMaxwell:
Update its now 370

ISTANDWITHBUHAR:


LOL keep wailing as you will till 2023 hahaha..

SalamRushdie:


You can dream ooo

ESDKING:
Not impressed. Return it how you met it.

Standing5:
Believe me if oil prices go back to where Buhari's admin met it, Naira can crash to N100.

Nusaf:


Naira CRASH to N100? I don't understand, you mean appreciate to N100/$?