₦airaland Forum

stevecantrell:
Dude you have to look past what you think Buhari is. You need to start see buhari as a means to an end. The end of this government.

I can tell you, Buhari will never sit in Aso Rock but for a very short time only.

Voting Buhari means GEJ out ! That's all !

kaboninc:
Old NEWS!

This is how you create FALSE news and spread it with so much ZEAL and PASSION. Common sense which is common, you don't have. And people like berem will come here to rant her support for block heads like you.

There is no current 'official' rate by either the CBN or YOU. The market has been liberalized, thus allowing demand and supply to determine the exchange rate. There's a window called the [size=15pt]Interbank Window[/size]. CBN has pegged the exchange rate of the dollar from that window.

There are so many dynamics going on here but because you appear to be DULL, I should save you the PAIN of understanding!

See the peeps above me most of them typing away their intelligence and broadcasting their IGNORANCE of the SUBJECT MATTER.

Like that diluminati and Adminisher!

diluminati:
all of the above is rubbish to my ear
the naira is N200 to a dollar ba? so what economics are you preaching
so how did it come to this
i can explain the way a layman will understand it if you care to listen

Slynonny:
That's a good one instead of pumping in money to sustain the Naira over the Dollar.
Expect APC to campaign with this news.
In other news.
How you living Mr Ayo Fayose for exposing APC lies and propaganda?
Ans: In Mansion and Benzes giving headache to APC and it feels stupendous.
How you feeling Mr Femi Fani Kayode for dumping APC?
Ans: Am feeling good like never before.
APC is dead and is on the news.
How do you feel going back to PDP Mr Barcanista?
I feel at home.
Is been a long time coming and am glad am finally home.
Just like the biblical prodigal son i've realised my mistakes and gone back to PDP.


In Jonathan we have seen real and positive change.
Vote Wisely GEJ 2019

diluminati:
to the layman let me explain.
the clueless government didnt foresee that u.s will rely on shale and dump the brent
they were too clueless to see it, no doubt about that
so they loot and stash, $20 billion? remember? and even more, then the price of crude
drop coz america does not need our stuff again
so it was hard getting dollars, what needs to be done is to ante up the naira, so america finally says
ok, we will give you N200 for now, you cant bring it back down unless you return your stolen money


Now what is the stolen money, remember the dubious south africa arms purchase? the same arms that end up with boko haram?
so they laundered the cash through firearms purchase.

aguiyi:
anuofia, simple economics you don't know yet you will be typing trash every now and then on topics that are way beyond your mental capacity.

demand and supply is what determines price in a free market.

have you asked yourself what Nigerians are doing with the US dollar that has made it so scarce that the price is heading north.

has it become our legal tender or we are experiencing an artificial scarcity created by those who have an agenda.

suddenly in this period of election the dollar is no more available. the naira started losing its value when the abokis gave their brother licence to buy and sell other currencies on the streets.now they are hording it creating panic in the process.

we no longer import much of rice
we no longer import cement
we no longer import much of cars

what then is the new line of business that is drying up the available foreign currencies. those who stashed the green back in their house with the hope of releasing them when their candidate wins election are only fooling themselves because they will regret it with the new policy that is coming.

that is how they intend to stabilize the naira

stevecantrell:
EURObomber are you related to GEJ ?

rusher14:
Always on its way but never makes it.

IVORY2009:
Speak in economic terms and dont politise every issue @ hand, the question before you is cbn devaules the naira @ 199 per dollars, in a lay man's understanding, the cbn is doing wat is called buy back policies, that means for every dollar in circulation the cbn buys it frm the inter bank @ that rate, with this cbn is discurraging the use of dollar, thereby encurraging the use of the naira more by its end users.

EUROBOMBER:
I am not related to GEJ. I stand for fairness and justice. I am here to check the excesses of certain people and ensure that some others are put in their place.

I will retire from Nairaland after the presidential elections.

Dive-Bomber

Adminisher:
This is serious FAILURE by Jonathan. It is going to bite him HARD. Let us remember that we had foreign exchange reserves of $45bn and ECA of $22bb that was further helped by $115/barrel oil price that should have.improved. exchange rate to N70 to.the dollar. Every other OPEC country also built up reserves and developed petrochemical industry.
Jonathan did not. At N200 to the dollar most companies will soon laying off workers. All the empty half educated youths praising Jonathan will curse him soon. Shey Buhari is the one you fear now?.You are afraid of Fulani general? Soon you will beg him.

nairabetguru:
tell dem my brother

kingofpool:
tell who? Make una carry una buhari matter go.... Na gej we know

aguiyi:
when your aboki brothers are squeezed out of their illegal business in few weeks, i hope you don't cry of northern agenda .


that allegation of the president having a northern agenda has really delayed many policies but non of those trash will be listened to again

nairabetguru:
wasnt talking to blind fools

diluminati:
to the layman let me explain.
the clueless government didnt foresee that u.s will rely on shale and dump the brent
they were too clueless to see it, no doubt about that
so they loot and stash, $20 billion? remember? and even more, then the price of crude
drop coz america does not need our stuff again
so it was hard getting dollars, what needs to be done is to ante up the naira, so america finally says
ok, we will give you N200 for now, you cant bring it back down unless you return your stolen money


Now what is the stolen money, remember the dubious south africa arms purchase? the same arms that end up with boko haram?
so they laundered the cash through firearms purchase.

.Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, had in May, stated that the shale oil revolution was “one of the most serious threats” to Nigeria and other oil-producing nations.

thinkdip:
inflation on the rise. all Is well

tonytony208:
did you learn about the word "inflation" from economics or you heard it from a beer parlour? Inflation is when demand is higher than supply and too much money is chasing very few goods.

With naira devaluation, demand for foreign goods will reduce due to increase in their prices. and people will opt for the local alternatives and this will boost local production more and will promote exportation and more foreign currency will flow into Nigeria and Nigeria's economy will be better for it.

So, how does inflation come in?

kaboninc:
Old NEWS!

This is how you create FALSE news and spread it with so much ZEAL and PASSION. Common sense which is common, you don't have. And people like berem will come here to rant her support for block heads like you.

There is no current 'official' rate by either the CBN or YOU. The market has been liberalized, thus allowing demand and supply to determine the exchange rate. There's a window called the [size=15pt]Interbank Window[/size]. CBN has pegged the exchange rate of the dollar from that window.

There are so many dynamics going on here but because you appear to be DULL, I should save you the PAIN of understanding!

See the peeps above me most of them typing away their intelligence and broadcasting their IGNORANCE of the SUBJECT MATTER.

Like that diluminati and Adminisher!

kaboninc:
Old NEWS!

This is how you create FALSE news and spread it with so much ZEAL and PASSION. Common sense which is common, you don't have. And people like berem will come here to rant her support for block heads like you.

There is no current 'official' rate by either the CBN or YOU. The market has been liberalized, thus allowing demand and supply to determine the exchange rate. There's a window called the [size=15pt]Interbank Window[/size]. CBN has pegged the exchange rate of the dollar from that window.

There are so many dynamics going on here but because you appear to be DULL, I should save you the PAIN of understanding!

See the peeps above me most of them typing away their intelligence and broadcasting their IGNORANCE of the SUBJECT MATTER.

Like that diluminati and Adminisher!

agabaI23:
I think you are wrong. Madueke warned in 2013

http://www.thisdaylive.com/articles/opec-warns-us-shale-boom-set-to-erode-crude-oil-demand/153046/

They anticipated it. They worked towards diversification.

I was with a group of youngsters this morning and I asked if they anything about the price of rice throughout December and they said, it did not changed in December as was the case in past.
God bless Adesina, God bless GEJ
Adesina

kaboninc:
Old NEWS!

This is how you create FALSE news and spread it with so much ZEAL and PASSION. Common sense which is common, you don't have. And people like berem will come here to rant her support for block heads like you.

There is no current 'official' rate by either the CBN or YOU. The market has been liberalized, thus allowing demand and supply to determine the exchange rate. There's a window called the [size=15pt]Interbank Window[/size]. CBN has pegged the exchange rate of the dollar from that window.

There are so many dynamics going on here but because you appear to be DULL, I should save you the PAIN of understanding!

See the peeps above me most of them typing away their intelligence and broadcasting their IGNORANCE of the SUBJECT MATTER.

Like that diluminati and Adminisher!

oluvick:
Are you through?

Show us your back.......

Let's assume that the news is old and you have to make contributions, why would you want to make it a personal abuse? Common, is that how you were brought up?

14. Please search the forum before creating a new thread on Nairaland.

agabaI23:
I think you are wrong. Madueke warned in 2013

http://www.thisdaylive.com/articles/opec-warns-us-shale-boom-set-to-erode-crude-oil-demand/153046/

They anticipated it. They worked towards diversification.

I was with a group of youngsters this morning and I asked if they anything about the price of rice throughout December and they said, it did not changed in December as was the case in past.
God bless Adesina, God bless GEJ
Adesina

fairheven:
The same ppl that accused SOLUDO of mismanagement are now devalueing the naira?the same currency that SOLUDO wanted to make 20naira,the highest denomination,that wud have greatly increase the value of naira,but someone Abokis in the national assembly refused,so as not to deny their beuro de exchange brothers daily fraud