Afriqan:


Rotimi Amaechi- Transport

goody234:
This thing is simple economics nigeria's trade balance is low (foreign reserves is correspondingly low) ....There is also a high demand for foreign reserves the govt cannot meet up the demand, hence economic policies to restrict demand ....
But there are legitimate businesses that need the foreign currencies to buy materials for their business to function, some go to the banks but it is rationed there, so they have to source it elsewhere.

But some avoid going to the banks as a means of avoiding taxes this i know for a fact !!

Another factor is the perceived lack of confidence people have in the naira as inflation sets in ..people and businesses are scrambling to convert all the naira to the dollar ...as it is more stable !!

The CBN economic policies are sound there are smart people in there.. but they fail to realise the human factor and how people react to thier policies...some polices dont need to be announced and just done on a low ,openly telling the country that BDC will not be supplied with foreign currency caused a panic ...

TMTR:
No shaking to those of us earning in dollars

Dialpad:
This is getting annoying, so with $2000 you now have over million naira.

If the banks increase the spending limits on cards, the rate is likely to drop. There will be not much reason to patronize these currency changers.

At least allow $3000 per month on naira visa/Master cards

abhosts:
Tomorrow when Naira gains N1 against Dollar, they would say Naira Strengthens Against Dollar.

These news sites are very misleading.

Modrov:
Problem is we are not earning enough dollars like we used to .

So we have to earn more dollars. Which is where the goverment fails. No diversification, no removal of subsides, no tax base expansion

Just waiting for oil to rise again!

htdot:

Dumb! Where do you want the oil to rise to again... last time i check, it was 72 dollar per barrel. This is even bigger than what obj use to build the economic... Buhari is corrupt and he and is cahoots are siphoning the oil dollar ....

Dialpad:
This is getting annoying, so with $2000 you now have over million naira.

If the banks increase the spending limits on cards, the rate is likely to drop. There will be not much reason to patronize these currency changers.

At least allow $3000 per month on naira visa/Master cards

TMTR:
No shaking to those of us earning in dollars

Angelfrost:


My point exactly.... I knew you won't be able to come up with one meaningful one.

Thanks for trying.

SaintUlot:


That's one of the serious problems facing this country, self-centeredness. You earn in dollars, good, what about having empathy for a lot of other poor Nigerians who doesn't have the privilege to earn in USD to cushion the effect of inflation.Self-centeredness is what brought Nigeria to its current situation.

Doctors are on strike, the privileged ones/politicians ll say:i can travel out with my families to get treated abroad. ASUU is on strike, they will say: i don't give a damn, all my children are studying abroad. Insecurity is on the rise, they will say: I will jakpa, others can die, i don't care.

Am not attacking you, i am just saying this generally, so that Nigerians can embrace empathy and selflessness. We should do away with that mentality of so far i and my family are okay, others can go to hell.

Dialpad:
This is getting annoying, so with $2000 you now have over million naira.

If the banks increase the spending limits on cards, the rate is likely to drop. There will be not much reason to patronize these currency changers.

At least allow $3000 per month on naira visa/Master cards

lonecatt:
The exchange rate is heading to an all time low of #600 per dollar.
May we never have a president like buhari again.

lonecatt:
The exchange rate is heading to an all time low of #600 per dollar.
May we never have a president like buhari again.

Modrov:


I actually was making fun and being critical of the goverment by saying they are waiting for oil to rise again

Okortor:
The naira has been on a constant decline since the Buhari-led administration came into power. When President Muhammadu Buhari assumed his responsibilities in May 2015, it was trading at about 187 to a dollar.

REALLY, as a financial analyst..I m speechless.

InaNla:
Buhari 3rd time is a GOAL!!!


4 + 4 + another 4!!!!!


Buari a good man with bad intentions.

poiZon:

Corrections.
Buhari is an evil man with demonic intentions...
Whats good about buhari..

nextstep:


A smart economist that does not consider the human factor - what do we call that? Economics is 90% human factor: by definition it's a social science that studies how people interact with value, focusing on the behavior and interactions of economic agents (i.e. people and businesses (run by people))

TMTR:
No shaking to those of us earning in dollars

lonecatt:
The exchange rate is heading to an all time low of #600 per dollar.
May we never have a president like buhari again.

htdot:

Sorry for reacting that way... every body body they hot... buhari done spoil everything.