Nikkganc08:



Assuming u get 1$ and was paid 540naira instead of 185 that was obtainable in 2011,


You'll still spend it on those things that u spent the on in 2011.



For instance in 2011, let's say that with 185 naira ( 1$ ), u bought:

1 litre of Kerosene @ 65naira, and 12 cups of rice @120naira



In 2021 , ur 540 naira will still buy :

1litre of kerosene @260 .

But sadly, the remaining 280 can't get u up to 12 cups of garri agian.



So...

Stop rejoicing cos u earn in dollars.

I also earn in dollars .



Once dollar goes up, prices of everything goes up.

InaNla:



He is good in bloodletting.


Buari came to Steal, kill & destroy.

Dialpad:
This is getting annoying, so with $2000 you now have over million naira.

If the banks increase the spending limits on cards, the rate is likely to drop. There will be not much reason to patronize these currency changers.

At least allow $3000 per month on naira visa/Master cards

Nikkganc08:



Assuming u get 1$ and was paid 540naira instead of 185 that was obtainable in 2011,


You'll still spend it on those things that u spent the on in 2011.



For instance in 2011, let's say that with 185 naira ( 1$ ), u bought:

1 litre of Kerosene @ 65naira, and 12 cups of rice @120naira



In 2021 , ur 540 naira will still buy :

1litre of kerosene @260 .

But sadly, the remaining 280 can't get u up to 12 cups of garri agian.



So...

Stop rejoicing cos u earn in dollars.

I also earn in dollars .



Once dollar goes up, prices of everything goes up.

flokii:
Goverment of the North una welldone o.. we sha hope it won't fall to 600 before 2023.

If only Emefiele had shame, he would have resigned voluntarily.

kechywillz:
By December e go reach 1500 to a dollar

Modrov:
Problem is we are not earning enough dollars like we used to .

So we have to earn more dollars. Which is where the goverment fails. No diversification, no removal of subsides, no tax base expansion

Just waiting for oil to rise again!

FalseProphet1:
It will fall to N1000 per $1 by 2023.

This I have seen

lonecatt:
The exchange rate is heading to an all time low of #600 per dollar.
May we never have a president like buhari again.

Macphenson:
Buhari has achieved another feat.

What Buhari cannot destroy does not exist.

MANNERBBQGRILLS come and see something.

TMTR:
No shaking to those of us earning in dollars

alizma:
The very day the CBN announced the suspension BDC was the day I started shouting of the imminent explosion.
Unless something is done immediately, this is just little to what is to come. Our financial sector is not yet that clean for us to take out the BDC, what I expect the CBN to do is to give the same role of the BDC to banks and watch the two of them compete to bring the price down but instead, the CBN did the unexpected.

Macphenson:
Buhari has achieved another feat.

What Buhari cannot destroy does not exist.

MANNERBBQGRILLS come and see something.

lonecatt:
The exchange rate is heading to an all time low of #600 per dollar.
May we never have a president like buhari again.

osuofia2:
Emefiele why, with Buhari efforts in making the economy stable yet the south keep sabotaging his efforts. Emefiele needs to be fired

Comedian2019:

Ameeeeeen!

poiZon:

How oil wan rise pass this one?
Oil now is 60+ dollar per barrel, it makes a whole lot of sense to us as a country at that price. If crude oil price rises to 130dollar per barrel, we will be finished as a country.
Firstly fuel price will rise maybe to 400 to 500naira per litre.
If we r paying subsidy, almost all our earnings will go for subsidy payment or underrecovery according to buhari and his lowkey looters.
So it will be both a blessing and as well as a curse.
Even if dangote refinery come onboard, fuel will still be priced according to international price, reference is what is happening in LPG aka cooking gas.
If dangote refines 400k barrels a day, he will want to export 350k barrels so as to make his forex so as to settle most of the debts he has incurred from buildng the refinery.
50k will be left for the country, u ask what will 50k litres of fuel do to Nigerian economy?
So at the end, we might still end up importing fuel even with the coming of dangote refinery.
Ha modrov na u i quote again..
Its like we need to start brainstorming on how we can fix our country with our little ideas..

TMTR:
No shaking to those of us earning in dollars

Dialpad:
This is getting annoying, so with $2000 you now have over million naira.

If the banks increase the spending limits on cards, the rate is likely to drop. There will be not much reason to patronize these currency changers.

At least allow $3000 per month on naira visa/Master cards