*Goldman Sees Nigerian Naira Extending World-Beating Rally
*Naira is globe’s best performing currency this month
*Rebound follows steep decline caused by two devaluations

Nigeria’s naira could extend gains that have already made it the best-performing currency in the world this month, said a Goldman Sachs Group Inc. economist — provided policymakers stay on track.

The naira has rallied 12% against the dollar in April, adding to its 14% surge in March. Capital inflows and interest rate increases are helping it to retrace steep losses caused by two devaluations since June after the government loosened currency controls.

Bluntguy:
Judging from where the Naira started plummeting to where it is now, it is not performing anything. I will agree with Bloomberg when it gets back to less than #800 per dollar.

Bluntguy:
Judging from where the Naira started plummeting to where it is now, it is not performing anything. I will agree with Bloomberg when it gets back to less than #800 per dollar.

Ofunaofu:


N216 to a dollar where the APC met it as at 2015

LegendHero:


PDP met it at N28 in 1999. Why did they left it at N216?

LegendHero:


PDP met it at N28 in 1999. Why did they left it at N216?

LegendHero:


PDP met it at N28 in 1999. Why did they left it at N216?

Ofunaofu:


So because of that, APC crashed it and made it worthless by taking it to 1900 to a dollar

Ofunaofu:


So because of that, APC crashed it and made it worthless by taking it to 1900 to a dollar

LegendHero:


Oga, dollar to naira rate cannot be constant for 16 years straight in a country like Nigeria. Stop setting too much high expectation.


We need to produce at a rate not seen before to be even able to go head to head with the USD. Or maybe we should defend the naira with all the resources we have to keep it down to make you happy.

At some point, naira had more value than $$ until it started the downward trend. PDP almost did 8x increase.

PDP met it at N28 in 1999. Why did they left it at N216?

Lizzysamuel:


Don't mind the enemy of Nigeria.

He's happy that Naira climbed to 1900 from 216 in a space of 9years of APC. Imagine the most evil party PDP as they say, for 13 years kept Naira at 216 from 28 naira.

LegendHero:


PDP met it at N28 in 1999. Why did they left it at N216?

LegendHero:


Oga, dollar to naira rate cannot be constant for 16 years straight in a country like Nigeria. Stop setting too much high expectation.

We need to produce at a rate not seen before to be even able to go head to head with the USD. Or maybe we should defend the naira with all the resources we have to keep it down to make you happy.

At some point, naira had more value than $$ until it started the downward trend. PDP almost did 8x increase.

Lizzysamuel:



216-28 that's 188 difference.

1200-216 that's how much Agbadorian?
I don't even want to mention the 1950 ATH you guys took it too.

Ozommadu:


It's better than meeting something at #216 only to raise it to #1000+

You revolted against dollar at #216 I'm 2012, why are you defending #1000 now

Hypocrisy

LegendHero:


Your attempt at sarcasm failed because you don’t understand basic arithmetic.

—PDP did almost 8x
—APC as at now are still 6x

You either condemn both or applaud both. You can’t use selective appraisal.

LegendHero:


Your attempt at sarcasm failed because you don’t understand basic arithmetic.

—PDP did almost 8x
—APC as at now are still 6x

You either condemn both or applaud both. You can’t use selective appraisal.

Lizzysamuel:



216-28 that's 188 difference.

1200-216 that's how much Agbadorian?
I don't even want to mention the 1950 ATH you guys took it too.

LegendHero:


Lol, you’re using absolute number instead of percentage?

Typical of Obi supporters, they are just as basic as the dull Peter Obi.

Lizzysamuel:


It seems you're in the land of dead when it reached 1900. That's 8x

Born liar.

Lizzysamuel:


Imagine a supporter of "Na statistics we go chop" trying to score point with statistics. The joke is on you Agbadorian

LegendHero:


You use the current rate to calculate and not the rate of last month.

During PDP era, there are fluctuations too but we used the last rate when they left power.

So why do you choose to use the rate of last month that we already got over? Are you trying to be clever by half?

LegendHero:


Did anyone hold your legs not to revolt?

If I am celebrating naira, let me celebrate in peace.

Then you can revolt in peace. It is your right.

LegendHero:

PDP met it at N28 in 1999. Why did they left it at N216?

LegendHero:


PDP met it at N28 in 1999. Why did they left it at N216?

LegendHero:


lol, abeg go back to school and learn basic arithmetics.

This conversation is gradually ”reducing” my IQ.

Ofunaofu:


N216 to a dollar where the APC met it as at 2015