abduljabbar4:

Why not mind your business? I pleaded with him to stay. Nonsense. I hope you know that BUHARI IS YOUR PRESIDENT

echelons:
This went against predictions and speculations.
I actually had to advice a friend/customer to buy up dollars few days before the elections.
He has lost some funds but that's it. Speculative market is risky.

EcoTerror:
kid,go and play with your toys because I didn't quote you.

Is he your dad or gay partner that you will be fooling yourself on my mention

EcoTerror:
kid,go and play with your toys because I didn't quote you.

Is he your dad or gay partner that you will be fooling yourself on my mention

bajosky:
SAY NO TO ELECTORAL UNDER AGE VOTING.=PRESIDENT ELECT( BUHARI ) RIGGING METHOD


JEGA+APC=DESPRATION



GEJ ="FATHER OF NIGERIA MODERN DEMOCRACY.".....

Bevista:
The man has not even been sworn in, yet there are positive economic news everywhere.

He has not instituted a single economic policy yet talkless of implementation and yet the financial system is already responding favourably to his emergence.

In other news it is reported that foreign investors who have never considered Nigeria for their investment are already lining up to come. When asked why the sudden interest, one of them said 'because we know we don't have to bribe anybody now'.

abduljabbar4:

Now if you can't answer these questions, I will liken you to borntolose it
1) Why are the children packed in 1 place? Aren't they supposed to be mixed with the adults

2) Who gave them pvcs?

3) Why are they all holding the pvcs with their left hands? If they were really holding pvcs
4) How sure are you that the guy in the 1st pic is an underaged voter?

Prove to me that you are not like that monkey called born-to-lose it and answer the question. You are also free to give me the link to the video or audio in which Buhari said he will make 1 naira equal to one dollar
Thank you

mrborntodoit:
People had to change their Naira into dollars before the election incase dog and baboon get soaked in blood,but APC had to campaign with it.

Any reasonable and educated person can figure it out without much hassle .

I wish Buhari Goodluck in stabilizing world oil price and also making Naira rise to $1 to N1 .

mrborntodoit:


We thank God my brother ! Remain blessed because you are already blessed !!

nortcentrallord:


It was a conspiracy, and it worked for them. A house built on lies and deceit is destroyed by deceit. only little time they will expose themselves 1 by1 starting from Nigerian politicians to the US counterparts.

Positiveminds:
You have fish brain. Go and read books so that you can you can understand what is actually happening. I would have spared some efforts to tutor you but seeing that you are a slowpoke I shouldn't waste that time on a near imbe...

godoluwa:
it seems u know nothing about Nigeria or maybe u are underage, underage voting is norm in northern part of Nigeria . ask the elderly one to confirm. peace

dachpee:
So USA really hates Jonathan, they frustrated his government, they should be ready for the real battle now, welcome GMB on board.

Truckpusher:
O yeah! I can see that the paid iidiot has already hired some hungry jobless youths to do his dirty job.

Cramjones, please ask your hungry rats to go back to school.

coalcoal1:
yes, GMB's win connotes positive sentiments but then why is nobody talking about the hoarded and piled up dollars which are being ploughed back into the market?
I thought there were widespread reports of how the presidency was sharing dollars massively....!
after the gubernatorial elections, expect the naira to rise more in value because more politicians will offload their dollars...

my humble 2 cents

CR77:
Na APC dey share dollar

All na CHANGE

mrborntodoit:
People had to change their Naira into dollars before the election incase dog and baboon get soaked in blood,but APC had to campaign with it.

Any reasonable and educated person can figure it out without much hassle .

I wish Buhari Goodluck in stabilizing world oil price and also making Naira rise to $1 to N1 .

tsdarkside:


thats rubbish.....he can not stabilize world oil price and also make Naira rise to $1 to N1....why his he promising something,that is impossible...
this guy dont understand economics(what do you await from a warrior)...pipe dreams...he should only concentrate on electricity...THE REST WILL FOLLOW...

grabs:
Try to read and comprehend before dropping a comment......."that call by Jonathan".

makzeze:
dollar now 175 naira in black market

miqos02:
really? if na play make u stop am oh

Bevista:
The man has not even been sworn in, yet there are positive economic news everywhere.

He has not instituted a single economic policy yet talkless of implementation and yet the financial system is already responding favourably to his emergence.

In other news it is reported that foreign investors who have never considered Nigeria for their investment are already lining up to come. When asked why the sudden interest, one of them said 'because we know we don't have to bribe anybody now'.

The naira’s current interbank value is appropriate and the discrepancy between that and the parallel rate isn’t an indication that it’s under pressure, the CBN Governor, Godwin Emefiele had said at the last Monetary Policy Committee meeting between March 23 and 24.

Adesiji77:
The peaceful outcome of the recently concluded presidential election has seen massive offloading of the United States dollars at the parallel segment of the forex market since Monday.

This has also seen a significant appreciation of the naira at that segment of the market as politicians, investors and other currency users in the country who hitherto were storing the greenback for fear of post-election violence have been flooding the market with the greenback.

Specifically, the naira which had been hovering between N215 and N222 to a dollar since this year closed at N200 to a dollar on Friday. However, at the interbank market, the naira has remained at N197 to a dollar

"The dollar supply in the market presently is more than the supply and that is why we are seeing the current level of appreciation in the parallel market,"
Alhaji Yusuff Ganiyu, who trades in foreign currency in Marina, Lagos, said.

Currency analyst at Ecobank Nigeria, Mr. Kunle Ezun told THISDAY that the outcome of the presidential election was in line with analysts’ projections.
“The emergence of Buhari connotes positive market sentiment. A lot of people thought there would be post-election violence, but that phone call from President Jonathan completely changed the perception about Nigeria in the international market.

“Also, because of the fact that a lot of people anticipated that the dollar might fall, they are selling dollars and this is one of the reasons the naira is appreciating in the black market,” he explained.

The naira had slumped 18 per cent against the dollar as oil prices collapsed by almost half since June. This had prompted Central Bank of Nigeria (CBN) to lower banks’ trading limits and introduce a new dealing system in February that prevents lenders from buying dollars on the interbank market without matching orders from customers needing to import goods.

“One of the first big challenges the new government is going to have to face is what on earth to do with the naira,” Samuel Vecht, who oversees $2.7 billion in five emerging-frontier-market funds at BlackRock told Bloomberg recently.
“Steps have to be taken to ensure reserves don’t keep falling.”

Analysts at Renaissance Capital Limited specifically noted that the collaboration would ensure that corruption, wastage and revenue leakages, among others, are tackled.

The report added: “Overall, our views are mixed on the implications of a Buhari victory for Nigerian banks. Investors see the asset quality risks but given where valuations are, they have been waiting for three things to justify a re-entry: a recovery in oil prices; fairer valuation of the naira, and some level of comfort on the political environment. Oil prices have recovered somewhat from their 2015 lows but remain a wild card."

Buhari’s win over President Jonathan marked Nigeria’s first democratic transition of power from one party to another since independence from Britain in 1960.

The naira’s current interbank value is appropriate and the discrepancy between that and the parallel rate isn’t an indication that it’s under pressure, the CBN Governor, Godwin Emefiele had said at the last Monetary Policy Committee meeting between March 23 and 24.

http://www.thisdaylive.com/articles/offloading-of-dollars-triggers-massive-naira-appreciation-at-parallel-market/205927/

lalasticlala

babestella:


[size=18pt]]Lol, which wind? Investors took out billions of dollars from our market because they had thought that your dog and baboon general will cause war in Nigeria, but thank God GEJ made the call, that was what boosted investors confidence to return to our markets. Stop being naive[/size].

omophunky:
.

armadeo:


Is that the dude?.