Naira is going going going gone

Some are still campaigning for thieves...

The reason for the Naira's weakness is simple.

A majority of Nigeria's Oil revenue now goes towards debt servicing so there is nothing left to defend the Naira's value against the dollar.

Secondly, the current government did not treat the International Oil Companies well. So they shifted their expansion plans to other African countries where they were better treated. That is why Nigeria cannot meet it's meagre OPEC quota.

That is black market rate

Official rate is N438

Opolopoopolonio:


Post with sense nah. Haba!

Your type of sense is nonsense. Don't expect you to know.

Opolopoopolonio:
Emefiele is just a luuunatic! A colossal failure after Buhari his master!!

Your tiny brain must have congratulated you for adding value to the discourse.

thebosstrevor1:
That is black market rate

Official rate is N438

thank you jare i shall dey see rubbish why dollar go be 700+

And one brainless, dead dingbat wants to come and continue the work of Buhari, let no one come and quote a fake Fitch data here

thebosstrevor1:
That is black market rate

Official rate is N438

Just look at this thing!!!

Don't worry, continue supporting APC, Las Las, you will need a wheelbarrow filled with naira to buy bread.

Nigerians will get sense by force. Shebi BATstards are still shouting emi lokan and city boy? Una eyes go soon clear!!!

thebosstrevor1:
That is black market rate

Official rate is N438

The same way " police bail is free".

Opolopoopolonio:
Emefiele is just a luuunatic! A colossal failure after Buhari his master!!

not really o.he has given over 300 ika sons and daughters job.he may be useless in your eyes but his people love him

thebosstrevor1:
That is black market rate

Official rate is N438

what is the meaning of black market and official rate.

thebosstrevor1:
That is black market rate

Official rate is N438

Fed govt need to ban bureau de change for life, those people are saboteurs

thebosstrevor1:
That is black market rate

Official rate is N438

No wonder you are supporting tinubu. It is obvious you are not working or doing business, because if you were, you would have known that the percentage of people who can access dollar at official rate are negligible. Almost everything that is imported into Nigeria is imported with the dollar bought at the black market.

But no bank is ready to sell dollar notes if u no get connect in d bank,, we all use black market... Aboki dey enjoy sha

By December, e go dey dat kind 1200

Opolopoopolonio:


How can any reasonable person be blaming people who are jostling for power for the havoc those currently in power are wreaking

How can any reasonable person see a thief, a drug lord and possibly a terrorist and feel they would make his life and that of his countrymen better? Yet have the effrontery to blame the present failing government?

Some people don't understand economics, and you can see some of them above...when demands outweigh supply, price shoots up. That official rate is lori iro, because the supply can't meet the demand...We are an import-based economy...from pharmaceuticals, to education, to manufacturing, etc. That is why the IMF & World bank have said rates should be unified.

Reason they blocked naira cards from being used to pay dollars online. Even if you go to banks to buy dollars, I bet it that you can't see it at the official rate. Na me dey even waste time to explain...dullards will always be dullards

See who the criminal Tinubu brought and want to take over and continue buhari legacies.
Only yoru bad fake muslim tribalist are supporting the drug dealer so he will still ss/se oil money and give to them.
Bunch of oleriburukuss

I'm here to prove that this election is between obi and others.

Like for Obi

Share for Atiku/Tinubu/Kwanekanso and the rest of other presidential candidates

thebosstrevor1:
That is black market rate

Official rate is N438

You are obviously not a business person. Obviously

I was sourcing for USD and called my account officer. She laughed hysterically and told me to go to aboki to buy

fineboynl:
I'm here to prove that this election is between obi and others.

Like for Obi

Share for Atiku/Tinubu/Kwanekanso and the rest of other presidential candidates

m*mu you day find like, something way no fit turns money into ur account I laugh ur stupidity in ojuku voice

Ddokie:


No wonder you are supporting tinubu. It is obvious you are not working or doing business, because if you were, you would have known that the percentage of people who can access dollar at official rate are negligible. Almost everything that is imported into Nigeria is imported with the dollar bought at the black market.

Yeah indeed!

Octopusssy:

You are obviously not a business person. Obviously

I was sourcing for USD and called my account officer. She laughed hysterically and told me to go to aboki to buy

Yeah, you are the only business person on nairaland.

Octopusssy:

You are obviously not a business person. Obviously

I was sourcing for USD and called my account officer. She laughed hysterically and told me to go to aboki to buy

This is exactly how they kill the country. They encourage black market and frustrate every official channel only for them to always blame Buhari for whatever is happening.

This is the same in almost every facet in our enocomy. Official channels are blocked or made to look hectic to get while the black market channel is thrown open.

Opolopoopolonio:


If such a person @bolded can work in Mobil Nigeria, become a senator and then a governor and did fantastically well in all positions, I think that fellow should be allowed to turn the country around as president.

The bolded is your problem. The quality of your thinking.

Until black market is banned in Nigeria. This nonsense will continue. Imagine there is no black market. All parties will get their dollar from banks. It will make it easier for cbn to control dollar price. There is no developing nation dat can meet its dollar needs but hving black market is the ultimate self sabotage