Acidosis:
Lol
$1 would soon become N1000.

Bubu promise us something berra
$1 -#1

adajiboyy:
But on a serious note like play like play dis tin go enter 500 oooo.jesus christ buhari don finish dis country.blame GEJ and fill the wrath of the devil.they said GEJ was bad but we weren't suffering this much.we still bought derica of rice for 150 but now its almost 300.if we the middle class is complainin,if we that hav jobs that they pay us small money complaines,wat of the poor,wat of those that don't have jobs.yeye president.this is wat happens wen people foolishly nd blindly elect an illiterates that called his VP OSINBADE.

instead of u to encourage d buying d ofada or ekpoma rice which is about 50naira per derica u r here talking trash.

wen ur hero jona could not save for d rainyday.wen oil price was 60dollar per barrel evn d "evil obj" was able to save well over 62bn dollars for d country.
jonathan sold oil at d rate of about 120dollar per barrel on d average,yet he couldnot save a dime,rather went of spending spree,stole as much as could and depleted our reserves.
i will liken u to a hypocrite or an ignoramus.

ENDTIMELIFE:
Chai Apc don finish naija. we enter one chance true true

plz where's oga Jona ?

u need serious education on how d economy works.Currently we r reaping d effect of d useless jonathan administration which had no plan for d future.

Brilliance9000:
This country is finished!

Let me see the hypocritical twit that will invoke GEJ. GEJ left office with naira to dollar at 210 and today it's almost 400 naira. GEJ inherited naira to dollar from Yaradua at 165, it stayed at this rate +/-15 for 4 yrs, it was only towards the end of 2014 that we began to see fall in naira largely caused by those who are bent on sabotaging his achievements to make sure he doesn't get re-elected. Compare dollar to naira loss in value under GEJ from 165 to 210 within 4-5 yrs span...that's very reasonable.

However under Buhari from 210-400 in barely 8 months? This is disastrous...an invitation to anarchy. Did you guys noticed that under Jonathan when naira depreciates, it appreciates back within few days. But under Buhar...it only depreciates. Don't forget that Obasanjo and Jonathan had strong, powerful economic team...this administration has zero. Very disorganized government! Emefiele resign honorably and let them run Nigeria like a private cattle ranch in Duara...everything to them is about tribalism.

Keep blaming GEJ and oil price until dollar hits 1000 Naira by July by the rate Naira is falling.

o boy as of today,dofficial rate of d dollar is 197.47naira per dollar.
black market rate i what u wailers are wailing abt.
pity u guys.

Pls can someone help me with the current parallel exchange rate of cfa to naira

Richardonald:
Just keep tumbling when u reach the amount at which a dollar wil buy a car in naira then stop...

lol. U be yahoo_yahoo?

Oyind17:
Bubu promise us something berra
$1 -#1

Can any good thing ever come out of Nazareth bubu?

Dullardo kindly resign or Thunder go strike u from heaven.

richardjemedafe1:
“There is inflation in all spheres of the economy and Nigerias are indeed
groaning. Business men and women can no longer import goods due to the fall in naira. It has reduced the purchasing power of citizens abroad.


“Nigerians can no longer go on holidays abroad, the sick can no longer travel for treatments, and students who school cannot afford to pay their school fees.

“Investors are not willing to come into the country because the fall in naira keeps reducing the value of their holdings.”

its to early to complain.. Lets all enjoy the CHANGE WHILE IT LAST..... During the last election i advice my son who is 18 year old to vote for GEJ BUT HE RESISTED. Saying he want 'change'. Yesterday he was informing me that their busery(school fees) has incresed from 35k to 48k.. I should give hIM money TO GO AND PAY.... (i almost disown him.)for asking me money instead of his political father (PMB)whom has not paid me for the past 3months now.

people like u wit retrogressive mindset r d problem of dis country.
how dare talk abt holidays abroad! are u ok? what happend to obudu ranch,yankari game reserve?....it is people like dat dat have their wives deliver their children abroad and by drain puting unneccessary pressure on our reserves.ur taste for anything foreign is what drives dollar marketers to hoard and hike d price of d dollar.
d only word i have for u is to b patriotic and support local production and spending,so dat our naira can get balanced.

as of today d official rate is 1dollar is still 197.47naira
go and buy from @1dollar to 400naira if u jave d money and stop dis useles rants.

EgunMogaji:


A lot of us do understand.

In saner countries he'll be in shackles now.

In saner countries Buhari will also be in jail(PTF loot). In fact he won't even be allowed to run for office (No waec certificate)

adajiboyy:
u are a big fool.I never knew an idiot like u still exist.poor people are suffering and u are opening ur dirty smelly mouth and worms infested hands to type rubbish.u and ur buhari and ur likes are fools.idiot

instead of reacting logically to my text,u are farthing wit ur mouth,anyway a wailer cant do beta,i understand.
as for d poor people u r talking abt,wen did poor people "start purchasing dollar".
last time i check price of dollar has a neglible effect of local products whose raw material are local aswell.
dat y garri still sells les dan 400naira per bucket,
fresh tomatoe,pepper,onions are very cheap,same goes for beef.
cant u see dat ur insults r unneccessary?.

i pray dat u regain sanity and work for a beta nigeria.

Acidosis:

Can any good thing ever come out of Nazareth bubu?

Lol, the man is too old to rule this nation. Let's keep our fingers cross

700 to a dollar is where we going.

Buckle up.

Amg or nothing.

godsluvee:
Chei This has a serious adverse effect on business men that engage in importation. Somebody should wake Buhari from his slumber

y importation? y not support local production?since d former is d major cause of d depriciating naira?
dis support for foreign product by pdp is what has brought to our knees
its obvious dat pdp kno noting abt simple economics.

asamaigho:


y importation? y not support local production?since d former is d major cause of d depriciating naira?
dis support for foreign product by pdp is what has brought to our knees
its obvious dat pdp kno noting abt simple economics.

You are actually making sense though

Rexology:

You are right on your projection that you will have a lot of cash in Naira should you change your dollars at the rate of #750/$, however, the value of that your seemly "a lot of cash" in naira will be TOO low. This is based on the economic principle that the value of money lies on what the money can buy at a given period and price, and NOT on the volume or amount of money.

You are not absolutely right, your theory applies to fixed income earners like civil servants & company workers whose salary remains static while inflation grows geometrically. I bet you, what he can buy when a dollar becomes 750 naira will be significantly far more than if it were to be say 280 naira! Infact due to drastically reduced purchasing power, people will be more willing to sell assets like lands, cars, houses etc to raise income while buyers wont be much which signifies low prices(supply>demand=low price). This is the best time to be abroad in a dollar/pound country!!

asamaigho:


instead of reacting logically to my text,u are farthing wit ur mouth,anyway a wailer cant do beta,i understand.
as for d poor people u r talking abt,wen did poor people "start purchasing dollar".
last time i check price of dollar has a neglible effect of local products whose raw material are local aswell.
dat y garri still sells les dan 400naira per bucket,
fresh tomatoe,pepper,onions are very cheap,same goes for beef.
cant u see dat ur insults r unneccessary?.

i pray dat u regain sanity and work for a beta nigeria.

guy its ok u hear.I can't exchange words wif u.am working.buhari neither goodluck is my dad.but u need to come to the street and see the suffering people are experiencing.I don't dring ordinary water but pure water,9 months ago 1 back was 80 naira but as of today its 200.I no get wife or pikin ooo,am complaining but wat about those that have like 3 kids and a wife how do they cope.buhari was the biggest mistake nigeria eva made.have a lovely day.cheers.no ill fillings we are cool

this is just the beginning before 2years every Nigerian will be crying cus it can't get better provided buhari is still the president. mark my words I said this before the election

oyinkinola:



[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]

Bros receive sense.....u de dis country so?
Who de teach u dis kind shit?

judondasylva:
this is just the beginning before 2years every Nigerian will be crying cus it can't get better provided buhari is still the president. mark my words I said this before the election

So your own yardstick to determine how better we are is the black market forex rate?



Ignorance is very costly indeed!

and you've forgotten that things will. still be expensive here no matter what. I laugh most times weni hear you guys over there been happy over this dollar and Naria issue anyway we aawaits your coming

RichYoungNigger:
Thank you lord.
I always dream of buying a mansion in Nigeria before the age of 25.

Imagine coming to Nigeria with only $10,000.
that should be around 5 million.
I hope it keeps going down.

guy free dem dem never see anything yet dis one na Genesis by the tym they will. get to revelation dem go knw say na Bubu dey seat am happy cos is affecting us all.

judondasylva:
this is just the beginning before 2years every Nigerian will be crying cus it can't get better provided buhari is still the president. mark my words I said this before the election

oyinkinola:



[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]

But the problem is the government won't take the recovered funds to the market to change it, will they? So, this perspective of the matter can only benefit individuals and maybe, MAYBE so companies.

But it's a unique angle/perspective to the matter though.

sold:
I'm sure if we're to ask so many people here what they think is happening to our Naira, I'm sure they can't explain, even some so called graduate of economics and business management can't explain. Nigeria my country when all we know is to keep consuming imported goods, and now that our major source of (Dollar) income have reduced (crude oil) drastically, and we still expect CBN to keep releasing dollar to the public, hmm CBN better hold the dollar for now o...! Because what will happen when CBN keep releasing dollar to the black marketers is that, our foreign RESERVE will keep depreciating (before you know our account go empty especially now wey crude oil no get much value for world market, and na there we dey get most of this dollar from)
In conclusion, we better start consuming made in Nigeria products and Exporting thereby bringing in more dollars to the country.
Well if you're an entrepreneur here in Nigeria better days ahead for you. Because very soon government will stop the importation of so many things into the country. Which is good for us, suffer go dey small but it's the best for Us. Let's be more of producers than consumers.

Its true that we need to become a manufacturing economy, but this doesn't happen overnight its a very gradual process. The changes in CBN policies are too abrupt and shocking within a short period of time. And besides the government hasn't provided adequate infrastructure to foster massive local manufacturing.

ENDTIMELIFE:
Chai Apc don finish naija. we enter one chance true true

plz where's oga Jona ?

bros you don violate nairaland rule number 10 why you come post k........ pix for here na?

adajiboyy:
But on a serious note like play like play dis tin go enter 500 oooo.jesus christ buhari don finish dis country.blame GEJ and fill the wrath of the devil.they said GEJ was bad but we weren't suffering this much.we still bought derica of rice for 150 but now its almost 300.if we the middle class is complainin,if we that hav jobs that they pay us small money complaines,wat of the poor,wat of those that don't have jobs.yeye president.this is wat happens wen people foolishly nd blindly elect an illiterates that called his VP OSINBADE.

And pls without being sentimental... answer this simple question.

What has Buhari gotto do with this?

Is it His fault that Crude oil price is drilling bore hole?

Other OPEC countries are in the same shoes with ours... so is Buhari responsible for that too....

All this is what you get when A single party Rule you for 16 years without diversifying the economy and promoting exportations. Skabissh!!!

God have mercy. Buhari should not quit his many travels and propagander, encourage and boost local production cos that's the only way out. Its so unfortunate that only people like Ben Bruce are doing that

Flexherbal:
Dollar does not affect the price of my herbal product. It is still aFfordable.

Yes local production is the only way out, if this government cares at all

richardjemedafe1:
“There is inflation in all spheres of the economy and Nigerias are indeed
groaning. Business men and women can no longer import goods due to the fall in naira. It has reduced the purchasing power of citizens abroad.


“Nigerians can no longer go on holidays abroad, the sick can no longer travel for treatments, and students who school cannot afford to pay their school fees.

“Investors are not willing to come into the country because the fall in naira keeps reducing the value of their holdings.”

its to early to complain.. Lets all enjoy the CHANGE WHILE IT LAST..... During the last election i advice my son who is 18 year old to vote for GEJ BUT HE RESISTED. Saying he want 'change'. Yesterday he was informing me that their busery(school fees) has incresed from 35k to 48k.. I should give hIM money TO GO AND PAY.... (i almost disown him.)for asking me money instead of his political father (PMB)whom has not paid me for the past 3months now.

lol! I feel ur pain mr. But common soften up on ur boy. He probly meant v well for nigeria wen he opted 4 a supposed change. Remember nobody dey see 2moro as e wan be.if anybody knw say bughari go lead us 2 ds state,nobody 4 try am,evn kwankwaso and aisha haself no go vote bughari

I am so happy JONATHAN willingly accept defeat even when there are lot of irregularities, let's assume he Jonathan was still in power, Apc would have by now make aso rock a living hell for him, what would have being left of him would be better being imagine

Bishops10:
Bring back Goodluck Jonathan

You can't turn back the hands of time. He was rejected and critised. This economy needs people like Okonjo Iweala but this government do no deserve her