₦airaland Forum

snika:
This is nonsense. Buhari pleaded to make $1 = N1

AdeniyiA:
Everybody seems to extort in Nigeria, government, PHCN, Market women, petroleum marketers, BDC operators, pure water sellers, bread sellers, transporters.... and the list goes on the poor are in trouble.
May fire from heaven burn them and not just currency fire... nonsense

InvertedHammer:
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Next target is N400 - N500.

CBN move is unsustainable. The FG does not have enough reserves to prop up naira. This is a temporary relief.

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AdeniyiA:
Everybody seems to extort in Nigeria, government, PHCN, Market women, petroleum marketers, BDC operators, pure water sellers, bread sellers, transporters.... and the list goes on the poor are in trouble.
May fire from heaven burn them and not just currency fire... nonsense

snika:
This is nonsense. Buhari pleaded to make $1 = N1

persius555:
The focus is not the sustainance of forex, but the push fornigerians to start producing instead of being a consumption giant. Its better now than never.

InvertedHammer:
/
Next target is N400 - N500.

CBN move is unsustainable. The FG does not have enough reserves to prop up naira. This is a temporary relief.

/

excellencyabia1:
we need more of improvement. if you enter any market to buy any thing even the ones that has nothing to do with dollar will increase the price and tag it dollar increase.
#nigerianslookingforopportunity

InvertedHammer:
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Next target is N400 - N500.

CBN move is unsustainable. The FG does not have enough reserves to prop up naira. This is a temporary relief.

Nigeria's foreign reserves is about $29bn. Russia had about $400b and used $76b to prop up the rubble in 2014. Yet the rubble fell to all times low after all the efforts.

The prayer should be that the George Soros of this world will stay away from the naira saga. George Soros? Yes! The man that broke the Bank of England by trading against the British pound until the fat lady sang. In 1992, he sat on pound sterling and made $1b from the heist.

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arsenal33:
Bring the direct quote where he said so.
No direct quotation of him saying he will make N1 equal to $1

It was journalists being mischievious

nonstan:
Let me book space

ajayi01ibrahim:
[size=15pt]
Okay for anyone who cares to check www.cenbank.org/

I for one is still sceptical about the stability of oil price but really for any right thinking NL'nder these figures are not bad

1$ : #197
Oil : $32.89
Inflation : 9.62
8miilion dollar increase external reserve.

Although this means nothing if can't be sustained.
The tricks working here are just
1. transparency
2. Policy sustenance
3. On-time Information
No hassle no tussle. Way to go on Agriculture sha .
[/size]

excellencyabia1:
we need more of improvement. if you enter any market to buy any thing even the ones that has nothing to do with dollar will increase the price and tag it dollar increase.
#nigerianslookingforopportunity

dtruthis:
u don't understand even as dem dey sell local products them dey buy imported tins too

if i make 2 thousand naira a day by selling oranges buy clothes one thousand n shoe of five hundred i still hv five hundred as pocket money

and now d shoes r sold for eight hundred n clothes one thousand five hw do i survive without increase?