Olarewaju89:


You are right bro. God will help us.

Didi2d:


But why would they do that on purpose?

Jaycee07:


I beg to differ Sir.Any nation that fails to shore up its foreign exchange through sustainable input like manufacturing, agro-export and other science and tech driven entities can only expect to see what we are currently witnessing. The dwindling gains of FOREX in Nigeria is very deserving.
And let's face it, the true value of naira should be between 800 to 1000 naira /dollar if the CBN allows market forces and demand and supply to take its course. What do we produce? We are a consuming nation. This economic whirlwind that's blowing was caused. It could have been averted and I dare say that it can still be averted. A nation that sits on top of wealth, but can not harness it. While I was Nigeria, I worked as a controls engineer in deep offshore facilities for different multinational oil companies. You need to see how natural gas is burnt off to the atmosphere, and yet the government complains of its inability to generate sufficient electrical power to run factories, businesses and homes. A nation that produces one of the best grade of crude oil, but can't refine a barrel of it and still relying on a low grade, sulfur-prone substandard refined products . Please cut that.

Over the years, successive government have failed to harness the gains made from crude oil export to diversify the economy.Buhari is no different. Stop blaming AbokiFx. And You and I have have been beneficiaries of their magnanimity.Does AbokiFx mint dollar? Have you ever asked yourself the cost of running the different arms of government in Nigeria. Nigeria is a very poor nation.Yes we are.Our natural, economic and human resources amounts to nothing when they are not put to good use.

Jaycee07:


I beg to differ Sir.Any nation that fails to shore up its foreign exchange through sustainable input like manufacturing, agro-export and other science and tech driven entities can only expect to see what we are currently witnessing. The dwindling gains of FOREX in Nigeria is very deserving.
And let's face it, the true value of naira should be between 800 to 1000 naira /dollar if the CBN allows market forces and demand and supply to take its course. What do we produce? We are a consuming nation. This economic whirlwind that's blowing was caused. It could have been averted and I dare say that it can still be averted. A nation that sits on top of wealth, but can not harness it. While I was Nigeria, I worked as a controls engineer in deep offshore facilities for different multinational oil companies. You need to see how natural gas is burnt off to the atmosphere, and yet the government complains of its inability to generate sufficient electrical power to run factories, businesses and homes. A nation that produces one of the best grade of crude oil, but can't refine a barrel of it and still relying on a low grade, sulfur-prone substandard refined products . Please cut that.

Over the years, successive government have failed to harness the gains made from crude oil export to diversify the economy.Buhari is no different. Stop blaming AbokiFx. And You and I have have been beneficiaries of their magnanimity.Does AbokiFx mint dollar? Have you ever asked yourself the cost of running the different arms of government in Nigeria. Nigeria is a very poor nation.Yes we are.Our natural, economic and human resources amounts to nothing when they are not put to good use.

treesun:


See what Abokifx has caused again!

treesun:


https://punchng.com/naira-crashes-to-record-low-at-official-market/

Biafrarep:
Middle class has been wiped out completely in Nigeria. Now it's either you're among the 1% wealthy that includes politicians and elite, or you're among the 19% poor or 80% dirt poor.

Don't delude yourself, having a car or living in a good house in Nigeria now does not mean you're rich. How can you be rich yet you struggle to fuel your car, struggle to fill your gas, struggle to pay rent, struggle to pay fees, and even struggle to afford things that should be basic on normal circumstances. You're poor my friend and that's the sad reality

Some Nigerians can't afford ordinary sardines, toothpaste or other toiletries anymore, it's that bad

adecz:



I will hold unto my dollars $$
stash until the exchange hits 750 by
late November this year...

gabicon:


The Naira is weak because we produce nothing and have a taste for foreign made goods, 90% of the people complaining on social media and declaring dooms day produce nothing yet they complain of devaluation or think the CBN is the problem. To save our currency we have to make things the world needs and earn foreign exchange, the complain is sickening, the average home in China is a mini factory, they are either making jewelry or small electronics, the people doing this are not half as educated as Nigerians.

Angelfrost:


No He won't!!!...

Most Nigerians are hypocritical, backward, myopic, wicked, and retrogressive...

God has better nations and citizens to help and bless!!!

Thank you!!!

toluxa1:
What is today's rate at the black market?

od501:


Excuse me sir, please ee...teh me ur house address, I wan teh u something. It takes time.

Biafrarep:
Middle class has been wiped out completely in Nigeria. Now it's either you're among the 1% wealthy that includes politicians and elite, or you're among the 19% poor or 80% dirt poor.

Don't delude yourself, having a car or living in a good house in Nigeria now does not mean you're rich. How can you be rich yet you struggle to fuel your car, struggle to fill your gas, struggle to pay rent, struggle to pay fees, and even struggle to afford things that should be basic on normal circumstances. You're poor my friend and that's the sad reality

Some Nigerians can't afford ordinary sardines, toothpaste or other toiletries anymore, it's that bad

adecz:



⏩When you enter Sambisa, go straight
until you see one dogonyaro tree, turn
left then right.

⏩⏩Continue forward until you reach one
compound surrounded by dabino trees
with a two guardsmen with face mask,
armed with AK49s & wearing suicide belts.

⏩⏩⏩Ask for the treasurer.

treesun:


https://punchng.com/naira-crashes-to-record-low-at-official-market/

stepaside2:
I see it differently. When abokifx was shut down, parallel market rate was N570-580 to the dollar. Since then, the slide has halted and gradually being reversed as parallel market rate is about N565 to the dollar today. The exchange rate at the NAFEX window is what is weakening and rightly so. It is as VP Osinbajo suggested - the official and parallel rates should collapse and meet in the middle somewhere, determined by market forces and the supply of forex to the economy will greatly improve. Patience guys, it is a matter of time

nedekid:

Oga leave story. We were not producing anything when naira was 145 to $1. People will always find excuse to justify failure!
Before it was that crude prices crashed and that justified the fall of naira. Now oild price has hit $80 and rising. Instead of naira to appreciate just as it happened with other oil producing countries that their currency took a hit eg Russia, ours is still loosing value! Now oil price has gone up, more excuses are being found.
We export gas. The price has shot up the roof, still naira is depreciating and we still will find excuses.
Who told you we produce nothing? Pls visit any major supermarket eg justrite superstore and look at the products there, from soap to plastics, ketchup, butter, to insecticides etc. We produce! Go all over Africa you see made in Nigeria products. In the US nko? I have a friend that exports tens of containers every month, from indomie to garri, dried fish, Stout, gulder, trophy etc to his depot in Maryland USA, from there sells wholesale for distribution.
Dont let anybody give you that crap story that we produce nothing. Do you know how many containers of timber leaves this country everyday?
See lots of countries don't have crude, gas etc and they are doing well.
The problem is the head, you do not expect someone like Sai bab to run a country of 200m people and expect anything good.
Give this current regime the economy of Qatar, USA, UK, Germany and in 2 years they will devastate the place and blame it on the "middleman", or that they export too much, or the economy was too rich and so had to become poor.

Angelfrost:


That's exactly why there might be no hope for this nation...

Most politicians itching for presidency just want their share of the cake, and to further enrich their households... Most of them know deep down that there is next to nothing they can do to redeem the disaster Buhari has brought upon this nation!

Anything other than complete debt forgiveness and massive industrialization with diminished importation, just forget it!!!