HenryDion:
I was considering exchanging my dollars tomorrow. Seems I'll have to wait till naira equals #1000.

Going by the current pace, Buhari will finally equal $1 to #1...

That was his vision, and we supported him. What do you expect from a man that never saw the four walls of school?

Let's give him two months, then we exchange! I only pity those who earn in Naira.

We'll survive...

September go soon finish, people looking for dollars to pay school fees will soon reduce. This maybe the highest you would see the dollar this year

If u know then u know.. naira will hit 600 dis year

Danosophe:
The owner, managers, and operators of AbokiFx are criminals. They are the cause of the Inflation in the currency vis-a-vis economy. How does someone who is not a staff of the CBN or any other official financial operating body in Nigeria unscrupulously determine the rate of the Naira to other currencies of the world?
Where is his or their office located in Nigeria?

Haha, it's like CBN shutting down this thread because it caused naira to fall to N575/$.

Congrats to our able CBN governor, for his sound policies.
And congrats to all those who blamed AbokiFX for manipulating forex.
You see, the naira has recovered to 2015 levels

Awon were. Instead of pursuing sound polices, PMB and co are there blaming everybody else, from flour millers to exchange rate publishers. So let me guess, Nairaland will be the next place to blame, for even talking about this new

This is what I told some people that claim they know Forex.

Emefiele is incompetent and just looking for scapegoat

scrolldown88:
Lol
Let all the naive people supporting the federal government keep deluding themselves. I don't get why certain people insist on taking sides with a government that's hell bent on mortgaging the future of the coming generation.


All the loans been taken must be paid, and with interest keep compounding, Nigeria and Nigerians will be paying for these loans for a long period of time.
Perhaps those supporting the government think it doesn't affect them since they are not paying directly. What they fail to realize is there's going to be continued pressure on Nigeria to offset the loans and service it. This pressure will effectively result in an increase in taxes and cancellation of subsidy on any commodity. In coming years, ordinary citizens will pay more for electricity, more for fuel, more for food, more for water, more more more.

As if that's not enough, The government will not be able to develop any reasonable infrastructure because it's busy servicing loans.

Nigeria is heading to a dark place, and some folks are blinded by the little crumbs they get for supporting the elite.

Same elite who during their youth, lived in a better country. They had free education, food was cheap, you could leave your door open without fear of thieves or kidnappers, you could go on hiking or hunting in the bush without fear of bandits. There were jobs guaranteed after graduating. They lived in a better country. They could hold important political positions at a very young age, and they didn't need to know anybody for that. Today same elite have sabotaged the country and sold out the future of the youth.

Still young people come online to appluade and sing their praise because they belong to the same ethnic, or religious group; or because they get crumbs from the corruption. It's a big shame.
My heart bleeds for Nigeria because the country has long been raped and plundered by wicked men.
It's a horror story

Population is also a serious factor, there weren't so many people then.

This reporter is doing currency speculation too, abi?

Nigeria na cruise

SpecialAdviser:


Why do you guys keep calling this CBN governor? What nonsense?

Is Buhari not the president? Nobody can perform well under the lifeless man. Tell me one parastatal doing we'll.

CBN governor is the one in charge of FOREX in Nigeria, not Buhari.

Danosophe:
The owner, managers, and operators of AbokiFx are criminals. They are the cause of the Inflation in the currency vis-a-vis economy. How does someone who is not a staff of the CBN or any other official financial operating body in Nigeria unscrupulously determine the rate of the Naira to other currencies of the world?
Where is his or their office located in Nigeria?

Is AbokiFx the only spectator?

Danosophe:
The owner, managers, and operators of AbokiFx are criminals. They are the cause of the Inflation in the currency vis-a-vis economy. How does someone who is not a staff of the CBN or any other official financial operating body in Nigeria unscrupulously determine the rate of the Naira to other currencies of the world?
Where is his or their office located in Nigeria?

Er... most countries has various players (banks, money transfer, forex people, even internet collators) that publish exchange rates that they bid/accept. Even I, as a person, can decide to to exchange a dollar for any rate I choose. If I bid too high, I won't get customers. That's how market economies work.

SpecialAdviser:


Why do you guys keep calling this CBN governor? What nonsense?

Is Buhari not the president? Nobody can perform well under the lifeless man. Tell me one parastatal doing we'll.

Then why is Emefiele blaming AbokiFx and not Buhari

I will not be surprised if the Naira falls to 1,000. The Naira can quickly fall to 480 if the government resumes the sale of dollars to the BDC.

Unfortunately, that ban of sales of dollars to the BDC may not be rescinded after the CBN accused the BDC operators of selling dollars to terrorists. It is the ban of sale to them that started this crisis as it led to artificial scarcity in the market. To purchase dollars from the BDC is instant, while through the banks takes weeks, leading to artificial scarcity.

Emefiele ha shot himself in the foot.

vibre:


https://punchng.com/dollar-hits-n575-two-days-after-aboki-fx-update-suspension/

you want CBN to shut down nairaland for publishing rates?

SpecialAdviser:


Why do you guys keep calling this CBN governor? What nonsense?

Is Buhari not the president? Nobody can perform well under the lifeless man. Tell me one parastatal doing we'll.

I don’t think you have watched Emefiele talk on TV. Watch him and see why he should be blamed. His hands are not tied. He is happy to behave this way.

CBN governor looking for who to put the blaim on after they have failed us.

GeneralPula:
So $100 is now 57500 Naira..

This will only Favour those who earns in dollars as what they are earning will be proportional to what they spending..

But you see salary earners? Dem go dey jonze presently..

But everything don cost for market. Any gains we may have had in the exchange is lost once we purchase.

Ernerstdavid55:
Hehehe even pound self is 780 who is buying pounds pls wat a joke

Naira is crashing. Hence, all currencies are gaining against the Naira

ednut1:
Emefiele should just resign and flee

Sebi he gas just celebrated his be in Jamaica? No prb but if na Yoruba be CBN Governor now, you go dey gear their cry cry.

AbokiFX is not the reason for Naira slump. There is a global slump in the major stock markets currently due to the Chinese real estate giant Evergrande entering into default. The investors are diverting their resources into safe-haven currencies like USD and JPY right now. As we speak, Dollar is rising against major world currencies right now: GBP, EUR, CAD, AUD and NZD. So I think this might be affecting the Naira exchange rate to Dollar too.

SpecialAdviser:


Why do you guys keep calling this CBN governor? What nonsense?

Is Buhari not the president? Nobody can perform well under the lifeless man. Tell me one parastatal doing we'll.

Then why is Emefiele blaming AbokiFx and not Buhari

Sheuns:
It traded for 562 this evening

I think there is a smear campaign going on and people are falling for it as usual., I bought at 560 @ around 4pm in Abuja.

People need to sit and think and not just get swayed by media propaganda.

EgunMogaji2:


But everything don cost for market. Any gains we may have had in the exchange is lost once we purchase.

Yeah..

But una jonzing won’t be up to those Naira salary earners..

amaham:
I got #535 to a dollar at market road, aba today oo. I don't know where una dey get una exchange rate

1 dollar will be 500 Naira by weekend I don’t know where this kids are getting 575 from , what the cbn governor did shutting down Aboki fx is working, people needs to say the truth and fact no matter how much we hate the present government.

vibre:


https://punchng.com/dollar-hits-n575-two-days-after-aboki-fx-update-suspension/

It is media that is plunging it.....lol. They can plunge it to 800 it is their business. Useless media.

In a bid to stop financiers of arms smuggling and terrorism, we have destroyed our economy.

Haaa Lord of Compassion.... have mercy on me.... this country is not moving forward at all

SocialJustice:
CBN attacking Abokifx as if they are the cause of Naira's free fall.

The man is a useless and shameless man, i don't know why he is still in office..

DuduParaPara:
The only people I see who will gain majorly from this are yahoo boys but thankfully EFCC are giving them a run for their money.

You are very far from reality if you think it's only Yahoo boys will gain in this.

joefelin2345:
Sebi he gas just celebrated his be in Jamaica? No prb but if na Yoruba be CBN Governor now, you go dey gear their cry cry.

are you assuming my tribe for me

Seunmsg, Tinubuadvocate, madridguy, sirjamo the Hypocrite, how far?

Despite borrowing 21 trillion naira, your president still has no solution to anything.

You so-called infrastructure doesn't have any positive effect on the people.

Your children will surely place a curse on your memories.

Nathan101:


1 dollar will be 500 Naira by weekend I don’t know where this kids are getting 575 from , what the cbn governor did shutting down Aboki fx is working, people needs to say the truth and fact no matter how much we hate the present government.

Don’t mind them. Media propaganda and smear but a lot of people are taking them serious

jimmyolasun:


So the benefits money I requested for and about to get did not get you?

Lol...oya request and get make we share am.