vedaxcool:
This man has finished this country!

Buhari, Buhari, Buhari, your saviour has saved Nigeria. 600 naira to 1 dollar is the best.




Sai Baba!!

Pennywise:

The man has no clue about what is going on. His handlers know it but they dont care. They just want to amass as much dollars and real estate as possible while Nigeria burns.

Buhari is the best thing after sliced bread. 600 naira to 1 dollar is the best

Buhari till 2099!!

I hope your future self will have a contrite heart! If you're still supporting Bubu after insulting GEJ at 183 then your foolishness is factory fitted

NgeneUkwenu:
LAGOS (Reuters) - Nigeria's naira touched a new record low of 183.05 against the dollar on Monday, driven by concerns over a sustained low oil price and expectations foreign investors would demand more dollars to pull out of local assets, dealers said.

The currency was trading down 2.4 percent from Friday's closing level.

The central bank has struggled to keep the naira within its preferred band even after devaluing the currency by 8 percent last Tuesday in a bid to halt a decline in the foreign reserves of Africa's biggest economy. Oil sales provide around 95 percent of those reserves.

The bank's target band after devaluation is 5 percent plus or minus 168 to the dollar, but doubts remain about whether it went far enough given the likelihood of continuing low oil prices and the fact that Nigeria's oil savings were being depleted even during a period of record high crude prices.

The coming weeks will test the bank's ability to maintain that level -- the naira is trading well below it and forex reserves are running out.

Pressure on the currency from lower oil prices risks reigniting inflation, which has stabilised in single digits for the past two years, the first time it has been this low.

Nigeria's economic troubles come at a bad time for President Goodluck Jonathan, who will seek re-election in polls scheduled for Feb. 2015.

Barclays on Monday lowered its expected average Brent crude price to $72 a barrel for 2015, down from $93 a barrel previously, in a sign analysts have become more bearish following last week's OPEC meeting, which left supply targets unchanged.

© Thomson Reuters 2014 All rights reserved

http://af.reuters.com/article/investingNews/idAFKCN0JF1Q620141201

NgeneUkwenu:


It's pathetic bros! All my gains in the course of the year are steadily being depleted by their sheer foolishness!

I hope you r still making steadily gains?

8 years later

They are planning again to install another buhari pro max...

Shame.

jmoore:

Happy New year!!

shatap dia!

NgeneUkwenu:


It's pathetic bros! All my gains in the course of the year are steadily being depleted by their sheer foolishness!

Owfa foolish people that get us here... Hope u are still supporting the essiah and planing for another wicked people

kokoA:
shatap dia!

Comrade what's your take on the dollar exchange rate now?

NgeneUkwenu:


No be bashing matter! What we (especially the entrepreneurs) are going through now, is really devastating! Imagine all the gains you made over the year being eroded by people's ineptitude and cluelessness? It's sad!

lol..If you could go through such when dollar was not as high as 600 now, then imagine what people are going through now yet you have never called this government to out. Okay I get, you are part of this government.. God will shame all of you. Amen

If we allow these paid idiots to bring in tinubu, a dollar would get to 2000naira.

But we won’t. Never again!!!

Buhari has vowed to take Nigeria to where he met it in 2015 sha..so we wait

NgeneUkwenu:


Transformation my foot!

Useless government being chaired by a simpleton of a president!

I told someone last year, that this yeye man came but to bankrupt Nigeria!

Lol. How far

Jack005:
Comrade what's your take on the dollar exchange rate now?

no comment.

kokoA:
no comment.

Bros, you’ve got to comment.

Hahaha

I remember when I was exchanging at 150

God will never forgive NgeneUkwenu and co

Tinubu urchins are the most heartless bastards I've ever seen in my life.
just because to spite igbos they plunge a country of over 100 million into a perpetual suffering

may God in his anger and wrath visit Tinubu urchins.
it shall never be well with them.
amen isee asee

jmoore:

Buhari, Buhari, Buhari, your saviour has saved Nigeria. 600 naira to 1 dollar is the best.




Sai Baba!!

If gej was not voted out, it would have been 1500 naira to 1 dollar.

NgeneUkwenu:


Transformation my foot!

Useless government being chaired by a simpleton of a president!

I told someone last year, that this yeye man came but to bankrupt Nigeria!

history and posterity will never be kind to you.
a day will come when you'll regret your actions against millions of Nigerians.

Emereolevanwill:


Lol. How far

Was about to say that lol

JAMO84:
If gej was not voted out, it would have been 1500 naira to 1 dollar.

thunder scatter the corrupt bastard Tinubu.
he's a criminal vagabond.
and may those who support him perish and may their generation never know peace because Tinubu is of the demon and al shaytan.

thunder scatter Tinubu urchins
may they never see good things in life
since they've decided to force bad thing like Tinubu to Nigeria for their own selfish purpose, may their ways be dark and slippery.
may their generation be cursed forever and may peace be far from them.
may the blood of all Nigerians killed due to insecurity be on their head now and forever.
amen amin isee aseee Sango

JAMO84:
If gej was not voted out, it would have been 1500 naira to 1 dollar.

Leave them they have no idea , even tho this government could have done better but they have saved Nigeria, its in the future many Nigerians will understand, that's why I hardly discuss political or economic issues here cos too many sentimental people.

And to think seun the owner of this site sits on tinubus scrotum amazes me.

NgeneUkwenu:


StanbicIbtc just called me this morning for my loan restructuring! I feel like clubbing to death any jonathan I meet on my way now!

Useless government!

You feel like clubbing to death any Jonathan you meet on the way? You are one of the miserable and unfortunate individuals that are accusing POs supporters of attacking those who don't agree with them right? Look at what you said a few years ago.

Jonathan met the dollar at about 150 and left it at about 200 which is roughly 33% increment. The curse of a president you and you gang of cursed men have been supporting met it at 200 and its 600 today which is a 300% increment and you still have the temerity, the boldness and shamelessness to have a moniker on this platform.

God will punish all you hypocrites if you don't repent. You fellows are unapologetically evil, and it will never be well with evil men.

Hear what God is telling you and your likes:

"Woe to those who call evil good, and good evil; Who put darkness for light, and light for darkness; Who put bitter for sweet, and sweet for bitter. Woe to those who are wise in their own eyes, And prudent in their own sight...Who justify the wicked for a bribe, And take away justice from the righteous man. Therefore, as the fire devours the stubble, And the flame consumes the chaff, So their root will be as rottenness, And their blossom will ascend like dust..." Isaiah 5:20 ff.

Just continue in your wicked path. You think its about ranting on nairaland, your Judgment is coming.

Wicked souls.

JAMO84:
If gej was not voted out, it would have been 1500 naira to 1 dollar.

Hahahaha...people foolish shaa o

GEJ met dollar at 150 and left it at 187 within his 6yrs presidency.

Buhari met dollar at 217 within 8yrs, a dollar is 600naira

You can't keep a 21st economy buoyant with just malus,copies of koran,stolen hard currencies,ak47s and gross nepotism.

manutdrichie:


Hahahaha...people foolish shaa o

GEJ met dollar at 150 and left it at 187 within his 6yrs presidency.

Buhari met dollar at 217 within 8yrs, a dollar is 600naira

Alaye you need to go back to school.


In comparative analysis, there's something called variation.


Low oil price/ production
COVID 19
Russia Ukraine war
Low reserves

These are all variables. You can only make a proper comparison if all variables remain constant.

Check out oil revenue earnings from each president, and also see this prediction from Jonathan's finance minister.

JAMO84:
Alaye you need to go back to school.


In comparative analysis, there's something called variation.


Low oil price/ production
COVID 19
Russia Ukraine war
Low reserves

These are all variables. You can only make a proper comparison if all variables remain constant.

Check out oil revenue earnings from each president, and also see this prediction from Jonathan's finance minister.

Crudeoil is more than 140$ since April

JAMO84:
If gej was not voted out, it would have been 1500 naira to 1 dollar.

Jonathan met the dollar at about 150 and left it at about 200 which is roughly 33% increment. The curse of a president you and you gang of cursed men have been supporting met it at 200 and its 600 today which is a 300% increment and you still have the temerity, the boldness and shamelessness to talk.

4teenblaq:


Jonathan met the dollar at about 150 and left it at about 200 which is roughly 33% increment. The curse of a president you and you gang of cursed men have been supporting met it at 200 and its 600 today which is a 300% increment and you still have the temerity, the boldness and shamelessness to talk.

Jonathan did not face the kind of challenges Buhari faced.


Buhari faced, and is still facing what no any other president experienced since 1999.


When he came in, revenue oil immediately slumped by more than 60%, Niger Delta avengers destroyed oil production, COVID 19, Russia Ukraine war. Even now that oil price is high, production remain low, from 2.2m in 2014 to 1.4 million now.


If Buhari has the kind of revenue and stability Jonathan had, and NIGERIA is like this, I would have been the first person to start cursing him and his entire generation, but I did not spend so many years in school, just to do shallow analysis of situations like you. I hope you will be more civil in engaging people on public forum.

JAMO84:
Alaye you need to go back to school.


In comparative analysis, there's something called variation.


Low oil price/ production
COVID 19
Russia Ukraine war
Low reserves

These are all variables. You can only make a proper comparison if all variables remain constant.

Check out oil revenue earnings from each president, and also see this prediction from Jonathan's finance minister.

Stupid variation.

Covid 19 and Russian Ukraine war have nothing to do with foreign exchange in Nigeria.
I don't know how you guys make analysis with every rubbish that comes in your head.

You mentioned low reserve, who is responsible for low reserve?

Low oil price? Are you kidding us?