₦airaland Forum

ephi123:
Unfortunately even if you eat all the food in the world, your brain still won't go back to its normal state.

N100 per post agents, continue roaming Nairaland defending rubbish.

ephi123:
I know say you never chop. As for me, I have.

ayobamiakinrind:
Is that to say that Osinbajo is promoting corruption? Are you saying that's why people are praising him?

ephi123:
Continue deluding yourself. It's allowed.

ogawisdom:
When will u have sense, Buhari is evil and must d*e in London b4 he kills all of us with his evil hardship

charliboy654:
Must u add the name of ur phone.

agarawu23:
Lalasticlala, update the topic, $-# is presently 460/$

Truth234:
Foreign exchange research analyst

stagger:
I have a professional qualification in the area of technical analysis. This is part what I do for a living, bro...

Any country that has to keep relying on its central bank using scarce foreign exchange to shore up their currency is going nowhere but dancing around in circles.

Even a novice who knows laws of basic demand and supply can decode what is going on right now. The street sellers are capitalizing on the panic sales of those who have held their US dollars and are mopping it up at low prices. They are not selling US Dollars but will buy and only at very low prices. Once they have mopped up free dollars in the hands of the populace, a new round of dollar scarcity will arise. This scenario happened sometime in September/October.

No central bank will keep using a currency it does not have a legal mandate to print but has to earn, to keep defending its currency. The govt has to fund its budget with the dollar earnings from crude as well.

Nukualofa:
Those buhari doctors should give him an injection to put him to sleep till 2019

ijebuloaded:
This Administration and Jokes Sha

stagger:
See my analysis here on Nairaland last week.
https://www.nairaland.com/do_share?session=8D7E773237EF19B33765CBDDEC48000C4F1493B74EBA2B9379F6C5283FC63F31&post=53740072&redirect=%2Fstagger%2Fposts%2353740072

I don't talk based on sentiments. I have forwarded a position on what I think will happen with the exchange rate. You have not said anything. What is your own analysis of the situation? Let's hear yours..

kllinxman:
Lies... On a wedding u can chose to snap with anybody, that's doz not make u the bride nor the groom... This might be a pix snapped on the womans diamond jubilee...

NOC1:
I am buying that GLE Coupe before my birthday which is coming up on 2 of JUly 2017.

Benz is da bomb.

stagger:
The aboki guys are smart. They know people will be desperate and so will offer to buy your dollars cheap. Many of them have been in the business for years so they know what will still happen.

The question is: what has really changed in the fundamentals of the Nigerian economy to justify a strengthening of the local currency? The answer is NOTHING.

What the CBN has simply done is to use some of the gain in the foreign reserves in the last 2 months to pump dollars into the market. Interventions are not new. They have been done by several central banks across the world. But the fact is: where the fundamentals have not changed, they hardly work.

The best the CBN can do is to keep pumping dollars to maintain the parallel market band at between 450 to 480/490. A country cannot spend the money it makes from exports to keep selling dollars to offset rising local demand.

The permanent solution is to reduce local demand for dollars by eliminating the main factors fuelling it. Ensure self-sufficiency in refining of products. This alone will cut demand of dollars for importation of petroleum products by 50%. Then the power sector reforms must be completely re-jigged so that by 2017/2018, we can double current generation and transmission. That way, local industries can start manufacturing again and this will reduce the need to import things like palm oil, furniture, shoes, clothing items, etc.

Make our universities and teaching hospitals centres of excellence. That way, we will not have a President spending four months in a London hospital at the country's expense, and millions of other Nigerians seeking treatment at Indian hospitals or schooling in UK, Malaysia and the US.

Until we do the needful as a country, we will remain in this cycle where the CBN has to pump dollars into the market to force down exchange rates. It is a temporary method which has an elastic limit. It cannot be sustained forever.

Yuneehk:
I really do not care if she's in pain or not The jealousy I was referring to was the kind were I'll see her hubby shower her with gifts online and I'm like "awwww I'll also love mine to shower me with gifts too" though not online

As for your advice, I'm sorry she won't listen to you. She'll keep disgracing herself on social media and giving us something to laugh about. Good day

Yuneehk:
She has a beef with "I'm"

Foul ynash don dey open small small. Go on, reveal more! She wanted to make us jealous by making us think she was happily married, her husband was spoiling her with so much gifts and so on. It's obvious they were all showoffs for social media. This just goes to tell everyone never to believe all the show show we see online.

Aunty Tonto, thanks for letting us know how much of a liar you are

no1madman:
Enter my bedroom make we kill ourselves..

ToriBlue:
Nawa o, the best thing is to just leave this country.