₦airaland Forum

Tomorrow l will drop some more information on CBN directive.

modath:
I mean the rate at the black market is increasing again & wondering why that is so.

Actually PARALLEL RATE should not be more than N210 according to CBN directive.

But you we Nigerians and our behavior.

Why l put that is because someone asks me for today price despite my advice .

No your right.

It has not been easy to gather information.

Because of my change of location.

modath:
Does it mean BM is increasing again?, why is yo yoing for the love of God?

What did you mean by the above

modath:
How is your thread DAILY when you only update when you feel like.

Does it mean BM is increasing again?, why is yo yoing for the love of God?

Why l am no longer posting it daily like l said is because of the owner computer is no longer available.

Plus l am trying to adapt to mobile usage.

It up to 2 weeks l am using my brother mobile phone to blog.

I am doing this for passion of dispensing information.

Remember information is power.

Exchange Rate for Dollar-Naira, 26th Wednesday August 2015

http://www.nairausd.com/2015/08/exchange-rate-for-dollar-naira-26th.html?m=1

Exchange Rate for B Pound-Naira, Wednesday 26th August 2015http://www.nairausd.com/2015/08/exchange-rate-for-b-pound-naira_26.html?m=1

Exchange Rate for Euro-Naira, Wednesday 26th August 2015http://www.nairausd.com/2015/08/exchange-rate-for-euro-naira-wednesday_26.html?m=1

Runs girls repent as PMB shuk eye
Mrs Lara

Good news

$2=N1 as PMB probe exchange rate

I say confusion everywhere

Players go on 3weeks coaching lesson at APC headquarters for you to succeed

Exchange Rate for B Pound-Naira, Saturday 22th August 2015

http://www.nairausd.com/2015/08/exchange-rate-for-b-pound-naira_22.html?m=1

Exchange Rate for Dollar-Naira, 22th Saturday August 2015

http://www.nairausd.com/2015/08/exchange-rate-for-dollar-naira-22th.html?m=1

Exchange Rate for Euro-Naira, Saturday 22th August 2015

http://www.nairausd.com/2015/08/exchange-rate-for-euro-naira-saturday_22.html?m=1

The fall of oil price is a bad thing the economy of the world

Currency Wars: Who Will Devalue Next?

Saudi Arabia's riyal and the Egyptian pound under pressure
Countries with economic ties to China and Russia are exposed
10 Currencies That May Follow Tenge in Tumble Triggered by China

On most days, Kazakhstan finds itself in the backwaters of financial markets. Yet, it’s this central Asian nation that has delivered the latest shock to global currency trading.
Thursday’s 22 percent plunge in the tenge after Kazakhstan abandoned control of its exchange rate revealed a sense of urgency among policy makers: they had tried a managed depreciation just a day earlier.

The escalation signaled to investors that it has become too costly for developing nations to defend their currencies. Vietnam also devalued the dong, while freely traded currencies such the South African rand and Turkey’s lira extended losses.

The trigger for the wave of depreciations was China’s decision to weaken the yuan on Aug. 11, leaving countries competing with the world’s second-largest economy in export markets and those selling goods to it at a disadvantage. That added to the woes of emerging markets already reeling from a looming increase in U.S. interest rates and weakness in oil prices. Some, like the countries of the former Soviet Union, face an additional problem: the ruble’s continued weakness puts them in an unfavorable position in their trade with Russia.

Here’s a look at the currencies that are among those most at risk from this conflux of global developments:
* Saudi Arabia’s riyal: Armed with $672 billion in foreign reserves, Saudi Arabia, the world’s largest oil exporter, has enough capacity to hold the peg, according to Deutsche Bank AG. Nonetheless, speculators are betting on a break of the currency regime as crude oil tumbled to a seven-year low. The forwards, contracts used by traders to bet on or hedge against future price moves, fell to the weakest since 2003, implying about a 1 percent decline in the riyal over the next 12 months.

* Turkmenistan’s manat: This oil-exporting nation with close economic ties to Russia devalued its currency by 19 percent in January. Stockholm-based SEB AB forecasts a further weakening of as much as 20 percent in the next six months.
* Tajikistan’s somoni: The nation has close ties with Kazakhstan, which accounts for about 11 percent of trade, and SEB expects a depreciation of 10 to 20 percent.
* Armenia’s dram: The currency has lost 15 percent in the past 12 months, compared with a 46 percent drop in the ruble. A quarter of the country’s trade is with Russia.
* Kyrgyzstan’s som: The weaker tenge will put pressure the som because of this country’s ties to Kazakhstan, according to BMI Research.
* Egypt’s pound: The country has limited investors’ access to foreign currencies amid a shortage since the 2011 Arab Spring protests. Traders are betting the pound will weaken about 22 percent in a year, according to 12-month non-deliverable forwards.

* Turkey’s lira: It’s one of the world’s worst-performing currencies since China’s devaluation on Aug. 11. An escalation in political violence and the probability of early elections compound the issues.
* Nigeria’s naira: Policy makers in this oil-exporting nation are trying to hold the currency at a level most see as too high. Trading in forwards indicates the currency will fall more than 20 percent against the dollar over the next year.
* Ghana’s cedi: Also an oil exporter, though its main problems are mainly fiscal imbalances, rising inflation and increasing debt.
* Zambia’s kwacha: The country is heavily exposed to China as copper accounts for about 70 percent of exports.
* Malaysia’s ringgit: The currency slid to a 17-year low on Thursday and foreign-exchange reserves fell below the $100 billion mark for the first time since 2010.

Source:http://www.nairausd.com/2015/08/10-currencies-that-may-follow-tenge-in.html?m=

Twitter@nairausd

Currency Wars: Who Will Devalue Next?

Saudi Arabia's riyal and the Egyptian pound under pressure
Countries with economic ties to China and Russia are exposed
10 Currencies That May Follow Tenge in Tumble Triggered by China

On most days, Kazakhstan finds itself in the backwaters of financial markets. Yet, it’s this central Asian nation that has delivered the latest shock to global currency trading.
Thursday’s 22 percent plunge in the tenge after Kazakhstan abandoned control of its exchange rate revealed a sense of urgency among policy makers: they had tried a managed depreciation just a day earlier.

The escalation signaled to investors that it has become too costly for developing nations to defend their currencies. Vietnam also devalued the dong, while freely traded currencies such the South African rand and Turkey’s lira extended losses.

The trigger for the wave of depreciations was China’s decision to weaken the yuan on Aug. 11, leaving countries competing with the world’s second-largest economy in export markets and those selling goods to it at a disadvantage. That added to the woes of emerging markets already reeling from a looming increase in U.S. interest rates and weakness in oil prices. Some, like the countries of the former Soviet Union, face an additional problem: the ruble’s continued weakness puts them in an unfavorable position in their trade with Russia.

Here’s a look at the currencies that are among those most at risk from this conflux of global developments:
* Saudi Arabia’s riyal: Armed with $672 billion in foreign reserves, Saudi Arabia, the world’s largest oil exporter, has enough capacity to hold the peg, according to Deutsche Bank AG. Nonetheless, speculators are betting on a break of the currency regime as crude oil tumbled to a seven-year low. The forwards, contracts used by traders to bet on or hedge against future price moves, fell to the weakest since 2003, implying about a 1 percent decline in the riyal over the next 12 months.

* Turkmenistan’s manat: This oil-exporting nation with close economic ties to Russia devalued its currency by 19 percent in January. Stockholm-based SEB AB forecasts a further weakening of as much as 20 percent in the next six months.
* Tajikistan’s somoni: The nation has close ties with Kazakhstan, which accounts for about 11 percent of trade, and SEB expects a depreciation of 10 to 20 percent.
* Armenia’s dram: The currency has lost 15 percent in the past 12 months, compared with a 46 percent drop in the ruble. A quarter of the country’s trade is with Russia.
* Kyrgyzstan’s som: The weaker tenge will put pressure the som because of this country’s ties to Kazakhstan, according to BMI Research.
* Egypt’s pound: The country has limited investors’ access to foreign currencies amid a shortage since the 2011 Arab Spring protests. Traders are betting the pound will weaken about 22 percent in a year, according to 12-month non-deliverable forwards.

* Turkey’s lira: It’s one of the world’s worst-performing currencies since China’s devaluation on Aug. 11. An escalation in political violence and the probability of early elections compound the issues.
* Nigeria’s naira: Policy makers in this oil-exporting nation are trying to hold the currency at a level most see as too high. Trading in forwards indicates the currency will fall more than 20 percent against the dollar over the next year.
* Ghana’s cedi: Also an oil exporter, though its main problems are mainly fiscal imbalances, rising inflation and increasing debt.
* Zambia’s kwacha: The country is heavily exposed to China as copper accounts for about 70 percent of exports.
* Malaysia’s ringgit: The currency slid to a 17-year low on Thursday and foreign-exchange reserves fell below the $100 billion mark for the first time since 2010.

It welcome

This is getting more serious.

As for those defending criminals,you see your life.

This will be one of PMB test on his integrity. Nigerias let keep watching as the drama on fold & more.

My God this is wickedness

Not surprised

If true then this will be a welcome development

Can they leave him for Christ sake

This is a big lesson to everyone that want to you death and misinformation to play.

Though speculation but our government should better be ready for unforeseen circumstances

Oil's supply glut could worsen
Oil prices have already suffered a stunning decline. They're down nearly 60% and trading at levels unseen since early 2009. It's been a blessing to American drivers. The average price of gasoline is now $2.66 a gallon, down from $3.45 a year ago, according to AAA.

The big problem is the world still has more oil than it needs, especially given China's economic slowdown. The American energy boom that began last decade created a supply glut. OPEC, led by Saudi Arabia, has been unwilling to balance the market by cutting production.

The oversupply problem may very well be amplified by the Iran nuclear deal. If the historic agreement goes forward, sanctions relief will allow Iran to drastically increase output. That could trigger a reaction from the Saudis, Iran's longtime rival in the region.
"The Saudis' best weapon is the lowest oil price at maximum volume. They have enough financial reserves to have staying power for years," Kotok.
On the other hand, Iran has far less financial flexibility and it needs higher prices to turn a profit.
"With a low price, the Saudis are denying their enemy across the Persian Gulf money. That's an oil war," Kotok argued

Some grades of crude oil are already around $20
Oil at $15 may sound crazy, but some grades of crude are already nearing those levels. For example, Western Canadian crude, a heavier type of crude that is more difficult to refine, is currently trading in the $20 range.

If history is any guide, seasonal forces may also start to pressure oil prices. The end of summer driving season tends to weaken energy demand, dragging prices lower.

All of this is why Kotok is warning investors to stay far, far away from oil stocks.

Unlike hedge fund giants David Einhorn and Carl Icahn, Kotok has been "max underweight" energy stocks since oil was sitting at $100 a barrel. That's been a smart play. The XLE Energy Select SPDR ETF (XLE) has lost over a quarter of its value over the past year.

"There is an entry time coming in the energy patch, no question. In our view, it isn't here yet," Kotok said.

Source:http://www.nairausd.com/2015/08/why-oil-prices-could-sink-to-15-barrel.html?m=1

Twitter@nairausd

Exchange Rate for Euro-Naira, Wednesday 18th August 2015



Exchange Rate for Euro-Naira, Wednesday 18th August 2015

Exchange Rate for B Pound-Naira, Wednesday 16th August 2015

Exchange Rate for B Pound-Naira, Wednesday 16th August 2015

Exchange Rate for Dollar-Naira, 19th Tuesday August 2015

http://www.nairausd.com/2015/08/exchange-rate-for-dollar-naira-19th.html?m=1

Raymonbell:
Trillion dollars on a single program

If you could remember the money spent on their space mission compared to India counterpart.

My bro you will call U.S latest Maga