nedekid:

My fear is that someday these people can put focus on Dom acct and place restrictions. What if one goes to bank to withdraw and they say no dollar or pounds?

They will do everything to have dollars so they can resell to make profits especially for business people and international travelers

Emily22:
This thing no funny again o


Aswear

All china agent don dey charge N505 naira per dollar now.....

Which kin mistake we make like diz......by the time diz zombie leave power ... everything go don crumble

The cbn governor is still giving lots of excuses and still fighting import export window and blah blah window.

Once I assessed the first six months of the APC government, I knew Nigerians are in serious trouble. I remember saying then right here on Nairaland that this's the worst type of government a country can get.

Note that two or more devaluations are on the way.

jaheymezz:
Funny how many were tricked with the line "I will make 1 naira equal to 1 dollar" ....as it is..Na to find job wey go dey pay u in foreign currency be the way because naira is getting irredeemably useless day by day

I weep for this Zoo

The way out is to learn to earn in $$$$ learn forex

It has been 485/1$ since
Not far from 500 so what’s the noise for?
Since people can’t understand the importance of Government, then let’s keep getting it hot hot

This isn't a devaluation but an almighty slap to the face of economics.

If there was a devaluation of the currency to 460, that would make sense. But the present devaluation is a very timid response hence, the market voted against it by fall of the currency in the black market.

As Sanusi Lamido said, the official and the market rate must never be more than a 3% differential. The present differential is more than 15% and the CBN governor, or rather, the president has refused to allow the differential be reduced to no more than 3%. This is the primary reason why the economy is comatose and prostrate. .

I am certain if Buhari's unworkable forex control policies are scrapped, an extra 2% will be added to the economic growth figures yearly.

Perfectnumber6:

But am still wondering why banks in Nigeria don't sell dollars to their customers? Or is it because they benefit from these BDC indirectly? Because i was at the bank to buy dollars they said it must be for my BTA or else they can't sell to me that i should go to my local BDC.

CBN policies

I taught by 2023 it will be 1000 naira for dollar, but now I know it will be 2000 per dollar, Sai baba, we have not seen anything yet in nigeria..

luminouz:
Sai Baba!!!


By the time it hits y'all, una go use gaari bake cake...

Na true suffering be that


I noticed the usual suspects suddenly turned blind for this thread

Eriokanmi:
CBN policies

This Naija CBN is different from the ones we have in France and other developed countries abi... That's why folks hate coming to Nigeria true

Oh Lord! Av Messi.

Kings999:
And some people are still supporting Buhari,
thunder fiiiiirrrrreeee Buhari and his supporters....

thunder fire you and your household...just saying

Get lost

FanOfMyself:

Because he's Igbo abi. But Buhari should continue abi. As if it's the CBN that is responsible for the economy of the country. You all muslims are the worst living thing!!

I don't understand, hasn't it been 500+ since, because why is the price of things going up? i thought black market price was around 500+ and increasing that's why the increase in price of food items almost ever week

pdppower:
We warned some people then against voting the mannequin, but they claimed we were mad. Who is mad now?

it is still you because they got what they want but you didnt instead you are still complaining

RxHero18:
Thank God sef say 98% of my money is in dollar

liar Muhammed spotted.... Lol

IMAliyu:

Actually buhari met it at roughly 350.
The naira devaluation from 150 started at nearing the end of the Jonathan administration.

Modified: read replies before you start quoting me with your insults.

The lies you tell sir. What's your experience with exchanging dollars sef.

Next time Google before hitting submit

Ololanla:
This present government is a big curse to this country. APC must never happen again!

you're still missing it not party but tribe

Moorish:
Can any of the more intelligent and economic savvy ones here please explain how exchange rates work and why the naira to dollar rate was better during GEJ’s regime ?

Was it buhari’s policies that caused this ? Or some other factor ?

During the GEJ era,
We had more productivity, more political stability, more direct foreign investments, a growing middle class, less foreign debt and far less capital flight.

These are the economic indices that determine the strength or weakness of a third world currency.

Kings999:
And some people are still supporting Buhari,
thunder fiiiiirrrrreeee Buhari and his supporters....

Bitter soul spotted

Why can't you appreciate the tireless efforts of the President for once in your life

Buhari o ni kuure

IMAliyu:

Actually buhari met it at roughly 350.
The naira devaluation from 150 started at nearing the end of the Jonathan administration.

Modified: read replies before you start quoting me with your insults.

Lmao.

He met it at N180.

ThankGod sef me dey happy since na small small dollars I don dey earn for online like this e go go along way weh converted to naira

iLegendd:
We don't care. We already know it will get to 1k before Buhari leaves.

If Tinubu takes over, we should be expecting 2k/$ before he leaves.

People should should be wise and keep their money in USD.

wman:


Lmao.

He met it at N180.

Yeah,
I'm not sure what made me remember it wrong as 350, anyway I'll leave my post as is, to see how much hate and insults one can endure from NL.

Kings999:
And some people are still supporting Buhari,
thunder fiiiiirrrrreeee Buhari and his supporters....

Cc:

Perfectnumber6:



I bought 497 on Tuesday... Naija Don cast big time...

i bought 493 this afternoon. I had a good deal then

What Buhari has caused

Time to cash out

Our God is good

kendrick9:
Naira might hit 1000 /$1 before 2023
With the way things are going..
Buhari Government has failed.

He has failed terribly. He is dull and he now gathered more dull people around him due to tribalism and nepotism.

Except we pray much and God decides to intervene I cannot imagine Nigeria in the next 2 years in the hand of Buhari. God have mercy.