Parachoko:


So far there's no scarcity of the $, everything will be fine

I doubt the $ will even go beyond #800 before it start falling

On the long run, Aboki $ might even become cheaper than Banks $

Fellow Nigerians, Let's suffer today and enjoy tomorrow

Asiwaju is in Control

Theboss001:


That's why I wonder what these clowns are cheering About?
We haven't started producing/exporting more.
So how will the naira now magically appreciate

helinues:
Bismarch has been consistent with his analysis about Nigeria economy .

plaetton:


Little guy,
You can sing praises to your God Tinubu as much as you want.
That is not the issue here.
The issue here is about fundamental economics. And by any fundamental economic forces, the Naira, now that it is freely floating, will gradually float to N1200 to N1500 per USD.
How soon in the next 3 to 6 months that would happen is something that I would not speculate .

nlfpmod:


https://nairametrics.com/2023/06/16/naira-fair-value-should-settle-between-n640-n680-bismarch-rewane/

Avast:
good

Shigishege2:
Asiwaju should make this man one of his financial advisers

Mabizeka:
Hi, did you attend primary and secondary School?

nlfpmod:


https://nairametrics.com/2023/06/16/naira-fair-value-should-settle-between-n640-n680-bismarch-rewane/

Parachoko:
You're entitle to your opinion

The Naira will never go beyond #800

Right now the dollar to naira exchange rate is not even up to #600 when you apply through the banks

viodemus:
you are joking, in a fair market, nigeria should be $1 to 1300 naira or more.


it is oil that is keeping Nigeria afloat, then they are also adding other suppression mechanisms that are using to keep it low.


A country without at least 60% reliable electricity is like 500 lower, then if that country is not really productive and their financial system is too shady -- that's like another 350 to 500, then enabling environment like good roads or transportation for logistics --- that's like another 300 to 500, then security, education, resources management, that's like 250 to 400. we have lots of oil that is really more than Saudi Arabia, so that gives nigeria like 550 advantage, that is it. The rest is suppression to keep it where it is.

Floating the naira now, is naive in my view. It will help mostly smart people with funds, but not the populace. if he can't level up in a year or 2, he runs the chance of creating an even worse situation.


He should build an indiscriminate infrastructure as much as he can. Also open the ports in ph, akwa ibom, cross Rivers.


They are many things he can do, if only he can avoid letting his criminal instincts becloud his judgement. A long term criminal might see that as a huge sacrifice to give.

professorPABX:


You have said nothing. You have not done any analysis and made any suggestion. You only displayed bitterness and hatred in your last paragraph which summarized all your intentions from the beginning of your essay. Thanks.

Mr Bismarck Rewane has been consistent for years with his analysis of the Nigerian economy. We missed Henry Boyo but still have the likes of Wale Edun and Yemi Cardoso around.

nlfpmod:


https://nairametrics.com/2023/06/16/naira-fair-value-should-settle-between-n640-n680-bismarch-rewane/

Shigishege2:
Asiwaju should make this man one of his financial advisers

lomprico:
From 490 to 600-650 to a dollar and idiots are saying 'its good, fine, nice one, tinubu is working, etc'
When black market arrange their own it will be between 900-1000 to one dollar. Make una continue to the praise nonsense, na everybody go collet.

datola:
Good analysis from the finicial guru!

helinues:
Bismarch has been consistent with his analysis about Nigeria economy .

Helpfromabove1:
Time will tell

U are saying 640 another is saying 600 but I want 300

Theboss001:


Why you go dey allow payoneer cut cut your money like that?

Passionet:


I tried geegpay but i don't know if they have grown fat. So i'm stuck with payoneer.

plaetton:


Dream on , dream on.

I'm not sure how old you are , but but we have attempted this rate unification several times before, and it has failed each time. There is nothing different about this latest attempt that would ensure its success.
Our productive capacity is still very well below par. Our exports are below par. Ease of doing business is below par. Agricultural production is already hampered by terrorism.
Upon what basis can we hope to sustain a good value for the currency ?

Parachoko:
You're entitle to your opinion

The Naira will never go beyond #800

Right now the dollar to naira exchange rate is not even up to #600 when you apply through the banks

nlfpmod:


https://nairametrics.com/2023/06/16/naira-fair-value-should-settle-between-n640-n680-bismarch-rewane/

vanitybutiwanti:
So because your Igbo brother didn't win, then Nigeria should burn? Are you aware that as long as the rates are not uniform, no foreign investor will bring in funds to invest in Nigeria, FDI will keep dwindling. The manufacturing and exports that you're advocating for is driven by foreign investors. Perhaps, if obi had been announced winner of the election and he took the same measures, you'd have applauded and supported him. It's mind boggling, the hate from the Easterners on social media platform is crazy, everywhere you go on the internet, you'll see them wishing the country bad. Economics expert like Sanusi lamido lauded the move by the new president, do you know more than him? No disrespect to you but are an authority in Economics and development like SLS. Before the unification stocks on the NSE were undervalued, when the announcement was made, stocks like zenith, GTB, and a host of other companies that sold below it's intrinsic value shot up. Now who is responsible for the renewed interest in the NSE? Off course, informed persons that know more than people blinded by hate and sentiments

Parachoko:


So far there's no scarcity of the $, everything will be fine

I doubt the $ will even go beyond #800 before it start falling

On the long run, Aboki $ might even become cheaper than Banks $

Fellow Nigerians, Let's suffer today and enjoy tomorrow keep dreaming like you have been doing since buhari. Better jappa

Asiwaju is in Control

vanitybutiwanti:
So because your Igbo brother didn't win, then Nigeria should burn? Are you aware that as long as the rates are not uniform, no foreign investor will bring in funds to invest in Nigeria, FDI will keep dwindling. The manufacturing and exports that you're advocating for is driven by foreign investors. Perhaps, if obi had been announced winner of the election and he took the same measures, you'd have applauded and supported him. It's mind boggling, the hate from the Easterners on social media platform is crazy, everywhere you go on the internet, you'll see them wishing the country bad. Economics expert like Sanusi lamido lauded the move by the new president, do you know more than him? No disrespect to you but are an authority in Economics and development like SLS. Before the unification stocks on the NSE were undervalued, when the announcement was made, stocks like zenith, GTB, and a host of other companies that sold below it's intrinsic value shot up. Now who is responsible for the renewed interest in the NSE? Off course, informed persons that know more than people blinded by hate and sentiments

IbeOkehie:


The same Tinubu helped destroy the economy by imposing Buhari on Nigerians in 2015. So he's only trying to fix his own mess. I don't even think he had a choice other than to abolish fuel subsidy and float the naira, 8 years of APC rule has bankrupted the Federal Government.

I support the liberalization of the naira, but it's not yet a full float, that the 43 banned item list still remains is one good indication that government is still in control of the forex market. Good start though, at least the naira is devalued. The withdrawal of fuel subsidies is also good....the same fuel subsidy Tinubu & Buhari told us didn't exist

The truth though is Nigeria needs a FULL, complete set of free market reforms, especially LAND and RESOURCE privatization, strong laws against all forms of price controls by government or unions and state or regional autonomy.

I wonder if President Tinubu still intends to establish Agric Commodity Boards as he promised? That will be a disaster worse than fuel subsidy.

Isolated policies, no matter how good they are, can only go so far.I suspect Nigeria will become like Lagos State, that's his record and I expect no different this time around. APC is an Islamist feudal-socialist party, they like to control everything, that's their instinct. Let's wait a few years and see what happens, it's early morning yet.

Good Luck to Nigeria.