₦airaland Forum

woodcook:
Is it actually devalued or it is that reality is kicking in?

It was devalued during the oil crisis to prevent the collapsed of the economy.

But as of now due to lack of fund,it may be devalued further.

Be alart

Visit nairausd..com to keep you informed always

jamex93:
see ya self

Haha! Bros sha yiu no say body no be firewood.Man suppose flex small na.

Exchange Rate for Dollar-Naira, Monday 1st June 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.05

BDC $1 N204.00

PARALLEL RATE $1 N215.60 & N221.00

**Please note that the Parallel rate varies for different location


Please visit nairausd..com

Exchange Rate for Dollar-Naira, Monday 1st June 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.05

BDC $1 N204.00

PARALLEL RATE $1 N215.60 & N221.00

**Please note that the Parallel rate varies for different location


Please visit nairausd..com

POPdecorator:
Na wetin dey do naira self

It our fault bro,blame no one.

Meeeeehhhhhnnnnnn! This man won spoil show for bois.

Kai! My people now our suffering continues.

Anyway cha,nice initiative

orobs93:
Am just observing

Na so we see am.

Kai my people.

Following the inauguration of the new administration, the naira may be devalued again to reflect the recent drop in Nigeria’s foreign reserves, analysts at Renaissance Capital have said.


The analysts said this in a report, ‘Nigeria beyond May 29: Managing expectations,’ which was made available to our correspondent on Friday.

The analysts, however, noted that the Central Bank of Nigeria was likely to move back toward a ‘managed float versus the managed peg’ of recent months.

They said, “Post-inauguration, we think the naira – which has essentially been pegged at N199/$1 since the mid-February devaluation – will be devalued, to reflect the $4.5bn fall in FX reserves since the February devaluation.”

Noting that a weaker naira implied a build-up of inflationary pressures, they observed, “We see inflation breaching the central bank’s inflation target band of six to nine per cent and entering double-digits in Q3 2015. This rules out any prospect of monetary easing in 2015, in our view.”

They explained that the devaluation might be smaller than the market projects (1015 per cent), because authorities seemed to be focused on medium-term fundamentals, which they expect would turn in favour of the naira, primarily through a fall in import demand – particularly of agriculture products (via continued improvement in production) and fuel imports (due to 650kb/d of fuel coming onstream from Dangote’s refinery), which account for 60 per cent of forex usage.

The risk to this view, according to them, is that the All Progressives Congress comes in with a macro policy that requires a much weaker naira, i.e. an export-led growth policy.

The RenCap analysts also reviewed the fiscal crisis in the country and the challenge it would pose to the new government.

“Given that the incoming administration will be substantially resource-constrained, we think Buhari’s biggest challenge will be managing expectations,” they said, adding that the oil sector was expected to be the primary focus of Buhari’s crackdown on graft; in particular, reforms related to the fuel subsidy, repatriation of oil money and refineries.

Stressing that, as things stand, the government was experiencing a significant cash crunch, whereby it could do little beyond paying salaries, they said they expected capex spend in 2015 to be negligible with debt to play a much bigger role in financing the budget than it had in recent years.

They added, “As we expect the financing gap to be at least double the FY15 target of 1.1 per cent of GDP, due to optimistic revenue assumptions and slower growth, we believe the incoming administration is apt to seek larger loans from the DFIs. Given the revenue constraint, we think the incoming administration will continue to wind down some companies’ pioneer status, so they can start paying taxes, and reduce the number of authorities that can grant pioneer status, to slow the awarding of tax exemptions.”

Source:http://nairausd..com/2015/06/naira-may-be-devalued-again-report.html

PMB should take Nigerians along.

Remember one of GEJ mistake.

Because we Nigerians are not ready for stories after 4 years.

Naira May Be Devalued Again –Report

http://nairausd..com/2015/05/naira-may-be-devalued-again-report.html

Don’t exchange, do, perform or transact any form of business in an open area or in a cheaper rate compare to others unless you are conversant with those doing the business.

You are advice to go with somebody you know that more about the business well or daily happening.

Better still when you are presented with a calculator on the road by anybody, don’t do the deal there.

Tell him/her lets go to office, he/she lead you the boss/madam office.

Be observant of when you are in the office

1. Picture of the PRESIDENT AND GOVERNOR of the COUNTRY & START of where the exchange is .
2. Be (the office) visible to the EYES OF THE PUBLIC.
3. At least people should move in & out of the establishment.
4. Don’t play smart (because they are smarter than you in the game)
5. Don’t overprice REMEMBER 4.
6. If you are not satisfy will what any client is offering you, LEAVE (there are other with better service).
7. E.T.C.

Don’t fall a victim, be wise.

nairausd..com

Exchange Rate for Dollar-Naira, Saturday 30th May 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.05

BDC $1 N204.00

PARALLEL RATE $1 N215.00 & N220.00

**Please note that the Parallel rate varies for different location

nairausd..com

Exchange Rate for Dollar-Naira, Saturday 30th May 2015

CBN $1 N197.00

OFFICIAL RATE $1 N199.05

BDC $1 N204.00

PARALLEL RATE $1 N215.00 & N220.00

**Please note that the Parallel rate varies for different location

nairausd..com

Hmmm men dem.

Let the game begins.

Your name will be one of your greatest achievement

Partially deserve.

Hypocrite plus confusion.

APC hmmmmm mm what can I say than their character.

You know. ....

APC hmmmmm mm what can I say than their character.

Confused union

Funny enough PMB may end up worst than OBJ.

Forget all this initial gra gra.

From May 29th we shall know them.

eazisky:
Fashola for EFCC Chairman

asari dokubo for minister of thugs affair

and death penalty or life imprisonment for any one found guilty of corruption

Guy you no say you funny.

Seriously some people never YABA LEFT care.

You know. ...

20bc:
Hmmm somebody is still smoking ikotun weed..... ;DBabe next time he comes tell him to wear spiritual ®ubber

You too much.

To men forget their emotional weakness but fear them.

O believe the wise will understand.

That's the spirit.

One love.

If you notice both men are showing maturity trait in them unlike. .......

I must man up before our sweet orange or watermelon will be snatch by my papa mate.

Kai! My people see wetin Kayode de enjoy, hmmmm moni come and harassed me.

That is life to you

Write your name in the stars believe me it will never be wipe off.

Ask your Hero how he/she did it.

This is dangerous to Humanity.

drizzydrag:
I cant wait for Friday to come o... Chanji!!!

Hehehe! am dere again for d 2nd time within 24hrs... FTC!

Dis land is for sale! Any interesting buyer should meet me in Sambisa Forest.

Guy haven't you had that the inauguration has postponed till next. ...year