In our characteristic Nigerian mentality, we believe we can just pray and everything will fall in place.
Things do not work like that. What is the govt doing to help the Naira. Nothing, just some stupid policies
Everybody should prepare for the free fall of the Naira. This is inevitable going by all the bad news about the Naira and Nigeria.

Just hold on to your hard earned $. The exchange rate is about to skyrocket and I hope this happens soon.

This is the link below
http://www.tribune.com.ng/10072009/news/news1.html

Second list in a week. There might be something big coming.

Nigeria is doomed.

•A bus conductor carries a female passenger on his back out of a bus stuck on a flooded street at Okonkwo Estate, Egbeda, Lagos, yesterday. PHOTO: ADEMOLA SALAAM

blacksta:

What a way to reason

Thank you.

Is this car from a junk yard or what? You guys bringing cars to Nigeria are not doing this country any favor. You could have at least replaced the steering wheel.

Check out this picture of a typical Nigerian policeman.- Law breakers

Unbelievable, N154 to $1?
People hold on to your hard earned $ until the situation improves.

I read this and my conclusion is that God is really very patient.
He created the world and gave all of us natural resources which others put to good use for the benefit of their people. What have we done with ours? The steel industry in India, Russia, United States does not prayers from pastors because they know what they want. Somebody please tell Nigeria pastors to stop abusing God.

At least Yar Adua got a visit from the US Ambassador on the 26th of May as shown in this picture.

Engineers in the house, can you please give me a rough estimate of the # of tonnes of iron rods needed for a decking?
The measurement is 54 feet by 52 feet.

Because:
Nigeria is a country that cannot boast of electricity supply for 2hrs a day. In some places it is even worse.
80% or more of the population has no access to portable water.
Nothing is ever done on merit.
Unemployment is above 50%.
The road network is horrible. Lagos - Benin is a good example.
Public education from primary to university level is in state of collapse.
Hospital are places where people go to die.
Credible election cannot be conducted even in 63 wards in a state like Ekiti.
Banks launder money for politicians and drug barons.
Nigeria has probably the most corrupt and inefficient police force.
The country pays out about N2.1 trillion as compensation for political office holders with absolutely nothing to show for it except more stealing.
Nigeria is a country that is undergoing deindustrialization, eg Dunlop, Michelin and probably PZ and more.
It is a country where thieves are rewarded with chieftancy and academic titles.
What about the Halliburton and the siemens scandals.
The list goes on and on.
Feel free to add more.

Obama's visit to Ghana and not Nigeria is a snub of Nigeria and I hope somepeople will do something about this.
Meanwhile check out the this link below.

http://meniru..com/2009/05/as-obama-goes-to-ghana-nigerians-bemoan.html#links

Which company in Nigeria makes the best aluminium roofing sheet?

ayomifull:

As at yesterday Euro was exchanged for 233 Naira

Guys, hold on to your money as the exchange rate will go up with all the bad news coming out of Nigeria. This is a country where nothing works for the ordinary people.

Engineers in the house, is there any difference in using Nigerian made iron rods or imported iron rods for a decking?
Any idea what the prices are per tonne.

We want the black market rates. Nobody is interested in the bank rates because they are never available in the banks.

Fhemmmy:

Next time, read well, be4 u post.

Meaning what?
You should apply this comment to yourself.

Naira nosedive at the parallel market.
http://www.punchng.com/Articl.aspx?theartic=Art200905011535240

Can someone please provide me with the current price for the following types of iron rods?
10 mm iron rods per tonne
12mm iron rods per tonne
16mm iron rods per tonne
Thanks for your help.

Check out the links below.
http://link.brightcove.com/services/player/bcpid17190315001?bctid=21386345001
http://link.brightcove.com/services/player/bcpid17190315001?bctid=21401616001
http://link.brightcove.com/services/player/bcpid17190315001?bctid=21385521001

Prayer is not going to improve the Nigerian economy or the value of the naira. If that is what you are being told then you are being deceived. Less demand for foreign made goods and increasing the industrial output in Nigeria ( which probably is zero now) using locally available materials are some of the things that can help. Stop praying as prayer will not stop the naira from exchanging for N200 to $1

I sold $1 for N177 on Friday (4/17/09) @ the local airport.

I sold $1 for N177 on Friday .

I exchanged $1 for N171 today@ local airport Ikeja.
Thank God it is going up again.

Nigeria cannot continue to shore up the value of the naira with the little we have in our foreign reserve. Only the rich that want to move money out will benefit from the so called CBN intervention. The well connected brought $ back home to exchange at N189 and now they need to move the money out again. Only they will be able to buy at the official rate. A common man will never get to buy $ at the official rate. It is only a matter of time before the rate goes up again. There are so many things that can be done to help the naira. STOP this deception and let the naira find its level.

Yes, if they are not corrupt and really want to serve the people unlike the the corrupt bunch that we have now. The pretend to be born again christians and steal and give 10% of the money stolen as tithe which is eventually used to buy private jets and leave the people poor and miserable and the list goes on and on ------------------------------------

Take a good look at the picture and pay particular attention to his left hand. What do you see?

Mamajama:

Those figures are all misleading


http://finance.yahoo.com/q/bc?s=USDNGN=X&t=3m&l=on&z=m&q=l&c=

Yahoo finance only shows the official exchange rate.
N200 is the black market rate.

KnowAll:

@Blacksta- price +/- 10 if there is scarcity, but I beleive you can get your dollars at this rate.


Tue. 17th March, 2009

Location Currency Sell Buy
CBN Dollar 145.60 146.60

pound 204.20 205.80

Euro 188.06 189.35


Lagos Dollar 174.00 176.00 - by lagos lagos island or Eko hotel VI
pound 243.00 245.00
Euro 220.00 224.00


Ikeja Dollar 174.50 176.50 - by Ikeja Internatinal and local airport
pound 243.50 245.50
Euro 220.50 224.50

Your #s are from Tribune. Those rates are wrong.
You need to call Lagos to know the actual rate.
It is N200 to $1 Confirmed.

Finally. It is N200 to$1
Check out this link below.
http://odili.net/news/source/2009/mar/16/616.html

kings84:

a dollar is 180 today

Thank God. Please update daily.