₦airaland Forum

ishiamu:
Festus kenyamo number 1 hypocrite that stepped down not to prosecute timipire Sylva, wonder who takes the apc lawyer serious mtcheww

NgeneUkwenu:
Cc: FireFire, Chukwudi44, Moses,

Mynd44:
You expect someone you call a dullard to perform wonders? He is a failure jorh. Expect nothing

efilefun:
Lol I know people like you will quote me but I like the fact that you admitted they are useful to all and they ain't among those lazy brown envelope seeking journalists.

efilefun:
Patiently waiting for some wailers to come tell us how Sahara reporters is an APC media arm for dishing out lies but Dino is yet to deny the accounts and other stuffs they revealed about him. Now I know why koro ran outta politics, he knew his name will surely pop up and quickly went into hiding, he will definitely be smoked out when needed to answer questions.

God bless Nigeria

Mynd44:
I miss GEJ.

2sex:
http://www.vanguardngr.com/2015/12/the-caliphate-the-emir-and-nigerias-master-race/

bestads:
ool boy i share your view... Na modern day imperialist capitalist building a vast business empire in SW nigeria

Ahmeduana:
PLEASE CAN YOU READ THIS ARTICLE WRITTEN BY FEMI FANI KAYODE (the caliphate, the emir and nigeria) on online vanguard? YOU WONT WON'T REGRET READING IT.

bestads:
is this supposed to be an encomium or a sarcarstic statement

Ahmeduana:
WHAT IS SHE TRYING TO SAY? THAT BUHARI SHOULD COMPENSATE HER?

Mixty:
The absurdity of this our president knows no bounds. He is busy gallivanting from one place to another while the country suffers the worst economic and security challenge ever in her history. This week, he came from Paris. Days after, he jumped to Cotonou to attend a useless burial when he is yet to visit any ofthe IDPs in Nigeria. Today, he is partying around at the Kaduna Music Festival which has been tagged a jamboreee.

Is this the same Buhari I voted for? Is this the same Buhari of 1983? I am not sure.

4Play:
I have argued this topic ad infinitum in previous posts so will restrict myself to a few comments here. The Govt cannot successfully maintain a fixed rate without sufficient reserves to defend the Naira. The answer to your question is that the Govt has to allow the Naira to fall until such a point that we have the reserves to hold the line.

The difficulty with maintaining an official rate, at odds with market rates, as we are doing is that it dissuades investors from bringing in foreign capital into the country. Investors will be wary to bring in money because of restrictions in taking profits out, which restrictions are necessitated by the official rate. Further, if you want to build a factory and the cost of the factory is estimated at 200 billion Naira, you will not want to spend circa $1bn at the official rate when the market value of 200bn Naira is circa $770m. Hence, these CBN exchange rate restrictions become counter-productive and self-reinforcing as you need the inflow of foreign exchange to stabilise the Naira. Like I pointed out before, during Abacha's era, the official rate stayed at 22 Naira whilst the market rate hit 85 Naira to the dollar. Excellent round-tripping opportunity for the highly connected, not so much for the rest of Nigerians.

dustydee:
\
The simple answer is I don't know. But I know the slide is temporary and due to current low oil prices and our failure to plan for times like this. China is also devaluing her currency to stay competitive but there is a limit.

omogin:
Can buhari and his apologist now kindly save us the long talk. Just go there and get him.

dustydee:
lMaybe not that low, but I think the government should allow the naira to drop to the appropriate level based on market forces as seen on the parallel market rather than defend the naira at N197 to the dollar. Our low reserves will not support the naira at the current rate for long. Nigeria should start diversifying the economy to earn more foreign exchange in the face of low oil prices.

Ijaya123:

Arrant nonsense.

Dottore:
What a strategic move to weaken Wike the more. I can smell teleguided judgement. Meanwhile this serves PDP right. Let them have a taste of the bitter pill they meted out to other parties for 16years. Amaechi will be laughing and celebrating anyhow now. Nonetheless vindictive politics doesn't move the nation forward