Baba how far

Silly Nigerians! Barbarians who don't want to get civilized and live an organized life. Shame on all of you!

Ah what is this na?
Will they devalue my school fees too

Mtcheeew

obailala:


[size=13pt]Very dull brains everywhere... Even an idiott knows the steady decline of the naira is due to the previous administration's financial recklessness before the eventual drop in oil prices... It will take a long while before this trend balances and reverses. [/size]

If i slap you, your brain will reset. Will you enter your house and see it ablaze and inflame it more just because there was fire already. No be only you vote PMB oo. I did too. If he cant reverse the rising dollar price, he shud atleast peg it.

We must stop making excuses for PMB. He is in charge now and history will judge him as such.

lordimpaq:


I work in the bank and I know black market is high compared to this.

the bank puts a markup on theirs to make money just as normal BDCs do.

make a transaction using your naira mastercard online and convert the conversion rate, its gonna be 199 I can assure you of that.

Lie! Is it not d same bank that will debit u with d same BDC rate? U dont work in a bank stop lying. I bought an app worth 0.99 dollars for my phone last 2wks n they deducted 220 naira from my acct.

lordimpaq:


I work in the bank and I know black market is high compared to this.

the bank puts a markup on theirs to make money just as normal BDCs do.

make a transaction using your naira mastercard online and convert the conversion rate, its gonna be 199 I can assure you of that.

I work in the bank too -- as a cleaner (forex is beyond my wheelhouse).

lomprico:

Lie! Is it not d same bank that will debit u with d same BDC rate? U dont work in a bank stop lying. I bought an app worth 0.99 dollars for my phone last 2wks n they deducted 220 naira from my acct.

So sorry about that mate....but truth still remains that official rate is 199NGN to 1 USD

the pressure on the black market is due to high demand from those that cannot buy dollars on the restricted imported items.

989900:

I work in the bank too -- as a cleaner (forex is beyond my wheelhouse).

Haba boss...I no offend you na....

lordimpaq:


So sorry about that mate....but truth still remains that official rate is 199NGN to 1 USD

the pressure on the black market is due to high demand from those that cannot buy dollars on the restricted imported items.

U dnt knw anything concerning this issue.

lomprico:

U dnt knw anything concerning this issue.

If you say so...I know what I know...its the black market that is expensive.

Built2last:


If i slap you, your brain will reset. Will you enter your house and see it ablaze and inflame it more just because there was fire already. No be only you vote PMB oo. I did too. If he cant reverse the rising dollar price, he shud atleast peg it.

We must stop making excuses for PMB. He is in charge now and history will judge him as such.

Did you just say he should peg it?... Please stop speaking like you are an illiterate in these type of things... The fall in naira value is like a moving train, it wouldn't stop instantly even if you step on the brakes with all your might because inertia would keep pushing the train forward a long way before it stops. The fall and continuous falling of the naira was orchestrated by 3 main things:
1. The sudden crashing of oil prices - Nigeria sadly depends on only oil
2. The financial recklessness of the past administration - Nigeria consistently experienced a budget surplus for the past 8 years yet the government did not think it wise to save a kobo. It was so bad that just a month after oil prices crashed, the FG had to borrow to pay salaries and even CBN was constrained to devalue the naira because there was virtually nothing in our reserves to counter the crisis; all this in just a month.
3. The 2015 elections destroyed whatever was left in the value of the naira. The election had to be the most expensive in the history of the world and due to the large cashflow during the period, the demand for foreign currencies reached an unprecedented, ridiculously high level putting a deadly strain in the value of the naira...

It would take a huge miracle such as a sudden jump in oil prices and a well calculated economic policy for things to comeback to normal. If you want to keep blaming PMB thinking you are being a thorough critic, then you are free to wallow in your own fantasies.

How is market today, not 'how market last year'. Let d blame game stop, d govenment of d day should be held responsible 4 what is happening 2 our naira

One thing comes to mind... How the Israelites behaved just after leaving egypt. Wailing and crying that they preferred pharoah and forgetting the suffering.


Did buhari cause the naira to fall to this sorry level or did he inherit a failing economy?

It is bopeless.... So na d 1$ to 1n na e dullardinbo promise us eeeb.... Isorai

Kelklein:
Emefiele! Emefiele!! Emefiele!!! how many times did I call you?


heee'en!

common gerrout-of-here, what nonsense Why cant you call a spade, a spade rather than a farm implement. I know you must be one of those that came and championed for a useless change we all are suffering now. Why would you be mentioning Emefiele, is he the president of Nigeria Wont you have been calling GEJ clueless by now if he were still the president of Nigeria, would you have been calling Sanusi Yes, you and your ilks voted for change, a very retrogressive one at that, so don't look for whom to blame except your gullible self who allowed the propagandists to deceive.

gozmok1:
sharaaap if you dont know what comment . Baba dullard must be blamed its part of his promise.

You compliment me by insulting me, obviously you lack debating skills and bow down to my superior argument. And you expose your ineptness further by your describing PMB as "Baba Dullard"... surely your wordplay can be improved marginally. Do you lack imagination so much that you recycle cliched aphorisms?

why hasn't the dollar "stabilized" ?

NOTE:

You Can Even Make Some "Dollars" If You Read
My Signature

bushdoc9919:


Even then....it is not enough. It may be enough for APC supporters...but it isn't enough for me as a Nigerian.


What I want is four new refineries (via private investment), power up to 20000mw....and Ajaokuta working again...as well as states doing what they were meant to do...use existing resources to develop industrially....not sell to some Western factory at half price...and share the money!

exactly look up North they have loads of minerals.woukd they develop through that.will they use the advantage of what's undernith them to enrich the nation

Hakagure:

You compliment me by insulting me, obviously you lack debating skills and bow down to my superior argument. And you expose your ineptness further by your describing PMB as "Baba Dullard"... surely your wordplay can be improved marginally. Do you lack imagination so much that you recycle cliched aphorisms?

weldon for your matured reply.some people can't put their points across without insult. I wonder how they can debate in real life if they can't behind screens.

bushdoc9919:


And if Biafra gets free...it would still be poor and slave forever.

Now....calm down.I am not here to argue for and against Biafra.

I am here to argue against the idea you have...that producing oil= rich nations.

At which point I hear you pointing at Saudi and Norway

1.Both countries have small populations....12 million each.

2.Norway has a strong diversified economy....it has an industrial sector. (A big part of that sector is for the building and maintenance of reinereis and oil rigs. Does Biafra have that?).

Even Saudi has a lot saved away...because of the small population. But even they are worried...ten years down the lane.....if things stay the way they are...they would be broke.

Your Biafra has 50 million people....and not very much industry. And the education system is down.And you expect that oil would save you.

It won't.

When oil prices go up....Nigerians and Biafrans import. When oil prices go down....Nigerians and Biafrans continue to import...until the IMF comes around and starts telling them how to spend their money. (You thought it was your money?).

Get it right...oil economies never prosper.That is why Nigeria or Biafra will get nowhere without serious industrial development.(And my hope is that PMB and our governors will give serious thought to this). Because .....most oil producers are really economically unviable. Especially when the oil price drops....and it is going to keep dropping because more and more people produce oil.

Nigeria is a fraud bro.......and thats why we will never give up in fighting for Biafra......u made mention of Saudi Arabia and Norway having their own oil refinary sector,pehaps,if research is carried out on them,u will observe that some of those refinaries are owned by individuals while others are by the government.......now tell me why Nigeria as a nation can neither build nor reconstruct their refinaries while individuals like Late Abiola of yoruba and Ibrahim Babangida of Niger state hausa built theirs' across the country rather than building it here.....despite the money and budget Nigeria is making every year yet,they couldn't help themselves with oil rigs/refinaries.........Biafra will never be as poor as Nigeria when we got it restored becus we hav gotten the insight in us and we hav leaders who are willing but not opportuned to build a good Nation..........do u knw that the amount of money being embezzled by a single politician here in Nigeria can rebuild that refinary in P.H.........i can never say one Nigeria anymore becus Nepotism is now the other of the day.....long live Biafra