₦airaland Forum

Guys did you know were this current government of APC is carrying Nigeria to

Kai our babe don sufa for this boos den hand.

All dis qualities .

Mahn!chie!hmmmmm

There is really a big problem in the land

omogin:
Pple hate the truth. Amaechi and tinubu by buhari will weaken the fight if any against corruption, cos these guys are very corrupt too

True talk bro

This is simply the best

Hmmm

Sabrwahaqqo:
All solutions proffered will take a 'long' while to manifest and Yes, your points are so on point. However, It's a one step at a time thing. For the time being, let's continue to jubilate n congratulate. It Shouldn't be worries all the time. OP be wise.
Cc front-page material pls!

Yes sir

Naira appreciation to the dollar in recent times has been seen as a welcome development in the country. And has been seen as a sign of hope from the government led by PMB to Nigeria even when the price of oil have not yet recovered from it crises and when major currencies around the world are experiencing economic downturn.

Recently CBN introduce new rules to the Forex market to fight against Naira depreciation to the Dollar at a rate of N245 last month. Within a short while it began to yield results in which we are at celebrating as a new dawn in the country (beside who no like beta tin).

But before you jubilate the good news flowing in the country of Naira uppercut to the Dollar, you should ask yourself what are the new rules CBN of Nigeria introduced in our FOREX market.

1. Rejection of Dollar deposits in Domiciliary Account by commercial bank, directive from CBN
2. Limiting the amount a BDC operator should sell, directive from CBN
3. Banning some item from trading in the Forex market etc.

From the above rule 1 CBN introduced rule (directive to commercial banks) , how will this be sustained in the long run now that the Dollar is much in the market because of no place to keep it or how will CBN bring in dollar in the market to replace already exhausted one that can’t be saved in the bank. Where can CBN input Dollar into the country. Is it from...............

1. Oil

Remember that the price of oil is too low and Dollar is it trading currency. And it 70% of FGN earning

2. Non-Oil

Too low for a country like Nigeria

3. Foreign Exchange Reserve

Please don’t go there

So what will happen next if noting fast is not done for input of Dollar into to the country as Nigeria is not a producing nation or doesn’t want to diversify it earning base other than oil plus our neighbours with weaker currencies exchange rate to the Dollar around us which is not helping matters in such situation then we have no other option than to bear the consequences of

1. Naira depreciation(BACK TO $=N250 to N270)
2. Inflation,
3. Less money at hand, etc.

But FGN can prevent further Naira depreciation against the Dollar in the future is not far fetched

1. Increase Non-oil earning from 30% to 80%.
2. Oil price should exceed $100 per barrel (according to OPEC) for some of it member nation to recover from the oil crisis and Nigeria is among.
3. From consuming to manufacturing Nation
4. Increase Foreign exchange reserve in time of needs
5. ETC

If FGN and CBN can meetup to the above mention, then that is when we can really jubilate over Naira appreciation to the Dollar.

NIGERIANS BE WISE


Written By IfyAn

Source:http://www.nairausd.com/2015/08/why-we-shouldnt-jubilate-yet-over-naira.html

Twitter@https://twitter.com/

Exchange Rate for B Pound-Naira, Tuesday 4th August 2015

http://www.nairausd.com/2015/08/exchange-rate-for-b-pound-naira-tuesday.html

Exchange Rate for Euro-Naira, Tuesday 4th August 2015

http://www.nairausd.com/2015/08/exchange-rate-for-euro-naira-tuesday.html

Exchange Rate for Dollar-Naira, 4th Tuesday August 2015

http://www.nairausd.com/2015/08/exchange-rate-for-dollar-naira-4th.html

Exchange Rate for Dollar-Naira, 4th Tuesday August 2015

http://www.nairausd.com/2015/08/exchange-rate-for-dollar-naira-4th.html

Raymonbell:
Outstanding analysis

The only forum on Nairaland with educative content

Following...

My bro you are wrong

chimere66:
Senate President Sen. Bukola Saraki is a man full of good heart.Despite being called the 'Judas' of Nigerian politics by many APC supporters,he continues to extend his good deeds to the less privileges.

  Last weekend,Sen. Bukola Saraki donated rice and cash to widows in Ilorin.The donation was coordinated  by two of his aides -Alhaji Abdulrasaq Aladie and Alhaja Afusat under the directives of Sen. Saraki.Widows in Illorin troop out in number to receive the free gifts.God bless him.

Our God Almighty is watching

Baawaa:
This acts of "robbing Peter and paying Paul" cannot take them to no where.

Thank you bro

saintgp:
On Sunday d gov.bauchi state stated categorically on channels tv dat 80% of d money use to run d presidential election of pmb was from ameachi,so i wanna ask,were did he get all dos money from,if nt from oil theft as well as other corrupt practices dat he is equally accusing gej of?
I kip saying it,its only in Nigeria dat a thief is given public attention and privilege to spew trash,after now obj will b next on d ranting sheet.smh................

My question is between Amaechi and Oshiomhole who speaks louder than Lia Mohammed

Though little but great achievement

Mogidi:
Afenifere should be careful, if Tinubu finds out they're fighting for the Yorubas rather than Tinubu & Sons Lagos branch, they'd be in serioussssssssssss trouble.

Guy you bad cha you know.
Kai my people

Please help me,because I n answers.how many lives does this man have plus why is it taking time for Nigeria Army to captured this man

mekaboy:
Just an avenue to make money. Una come test Gen to know if black smoke go comot. If una give them electricity will ther3 be need for gen?

My bro its not everything that's we should critize the government.
Mind you some plane are for our own good in the long run