Booked

Not Good.

As expected...I can't see exchange rate getting any better.
Demand for Dollar will continue to go up while value of our dear naira continue to nose dive...my optimistic mind getting to elastic limit

hmmmmmmm

Buhari is a scammer




zombies will come and say let's give Buhari a chance.fucking mofos

ok

Change change change change, apc apc apc apc apc, lie lie lie lie. come and see america wonder.

Lol.
Even the zombies that voted for that herdsman dey feel the heat

Change change change change, apc apc apc apc apc, lie lie lie lie. come and see america wonder.

Everything is getting harder and harder and worse dunno what's next

May God help us in ds country...... Dose bubu and osinbade re just misleading us in ds country wt dre negative change mantra

Boooohari and his Chinese Yuan never still crash dollar since last month?

Rubbish!

With all these news, the zombies are reducing in number, many are now wailing. Choi!!

due to massive surge in demand for dollars from the marketers,
I believe the parallel market would not be able to meet up with the
dollar demand from the marketers.
The northward exchange rate movement may find a resistance in few weeks
time.
I suggest the CBN find a way to provide dollars to the marketers. Maybe at a rate
higher than the official rate.
If this is not done, the Naira-Dollar black market rate may be get to
N1000 per dollar before the end of the year,

Trailblazer1:
me Trailblazer1

so na u?

Buhari and his tumbo tumbo economics better referred to as huharinomics by his zombie faithfuls will land Nigeria in the same mortuary where the zimbabwean economy is chilling now

Sometimes I wonder the essence of the naira-yuan deal

We've been scammed

repogirl:
Boooohari and his Chinese Yuan never still crash dollar since last month?

Rubbish!

exactly my thought

Where are the zombies that were applauding the Yuan deal? Abi they never sign am finish?

Useless government, i thought they said the anticipated currency swap deal with china will crash the dollar. See as dollar dey rise like garri ijebu.

Am asking ooh my fellow nairalanders, By 2019 will APC still campaign with the slogan CHANGE? if yes what are we change from and to what are we changing to?

Adesiji77:


http://www.punchng.com/naira-falls-360-dollar-demand-rises/

I don't like this news at all,it's making me teary! Where are those who "occupied Nigeria?" shame on all of you if you've suddenly gone dumb! Shame on all of you,including my uncle,my colleagues,some friends,my hubby and sister who participated in all the protest against the last administration;I told them that the devil I know is better than the angel I don't know.

You mean your father is also a dullard for calling someone's father a dullard

Whats the noise about? Most of us are still cheering the avengers.
What did we expect to happen when the economy is sabotaged?

hungryboy:
A dollar exchanging for 500naira scenario looking likely.
If this is what change looks like,
I no wan change again,

give me corruption

Hehehehehehehe

I wrote this article on the right to law concerning freedom of speech and not intentionally to attack any persons or political party but for the interest and well being of Nigerians and to protect this country against fraudulent activities. if any persons or group of persons find this not true or not accurate. then they can come out clean with reply to explain or correct the wrong impression.



And I start. sometime ago the sanusi leadership of CBN stop banks from paying dollars to citizens. this is what I called a monopolise foreign currency economy. even when money is sent to Nigeria in dollars the bank would simply pay the recipient in the imposed naira equivalent by the CBN. this was the beginning of the era when dollars became scarce in the Nigeria market.


small private owned bureau de change were the biggest hit by this CBN policy. poor bureau de change who relied so much on dollars from common Nigerian citizens packed out of business. those who use to buy dollars from citizens who received foreign remittance had to find alternate sources for dollars and this mark the beginning when dollars rise upward in the black market.

The official price on the dollar is a scam and of what use? since the citizens cannot obtain it officially from bank or neither the CBN except they go through the black market.

This is not only a cheat to the masses by the CBN but also causes inflation. A monopoly currency trade is a fraudulent activities where only the elite and those opportune to determine the price in black market.

I received a foreign remittance and I need to pay tithe in the said foreign currency. What happened? The bank refuse to pay me with the foreign currency rather they pay me in local currency equivalent impose by the CBN. and I had to go to black market to buy back the same foreign currency in exorbitant price. The bank and CBN sells my foreign currency to the bureau de change they make a lot if proceed from this scam..

Thanks to Nigerians who stays and work in abroad, as they said there is no country in the world where you can't find Nigerians. Rate this with our traveling spirit.


These people contributed very well enough to our foreign exchange. If you go to all the bank right now, you will be amazed with the numbers of queue from people who want to receive foreign remittance. This happens on daily basis.

foreign remittance from friends and family and including yahoo boys account of 40% of our foreign currency in circulation. in 2015 the World bank and CIA spy on foreign remittances index shows Nigeria is the number 1 of highest remittance
Received.

The so-called oil proceeds every year is been loted and taken back to foreign countries by our politicians.

many people think that the peg on our naira to dollars is for the interest of the public, but that its not true. If the CBN allows bank to pay citizens in dollars. The market force will determine the price on the black market.

As I was Told. The CBN Chiefs has a bureau de change outlet. the policy makers (referees) also plays the midfield, more like they award contract to themselves. They simply collect peoples dollars at N199 they impose and sold it back to the people at N320.

I also read it somewhere that our President wife is now operating a bureau de change. Wake up Nigeria how long will you continued to be fooled.

As this policy remains there will be no change but rather it will get worst and expect more inflation. Not until this policy is reversed and let bank start paying people in dollars for foreign remittance. There well be enough dollars to go round and this will stabilize the forex market.


By Joel3. Nairaland.

https://www.nairaland.com/3068379/expose-currency-policy-how-cbn#45612359

Those of you complaining are just ignorant of simple demand and supply.. wait you guys thought the naira wouldn't depreciate against dollar after FG told fuel importers to source dollar from the parallel market?

Abeg what is all this useless whining, Nigerians should get to work. The bottleneck of scarcity and uncertainty, theft and corruption is over in the oil sector. Fuel is here. Use it to grow the economy and stop complaining.

hungryboy:
A dollar exchanging for 500naira scenario looking likely.
If this is what change looks like,
I no wan change again,

give me corruption

Corruption is better than this Change.

pat077:
Useless government, i thought they said the anticipated currency swap deal with china will crash the dollar. See as dollar dey rise like garri ijebu.

When business gurus was telling the zombies that China businesses wont accept Yuan for international trade, they said that they are wailers, China businesses can never accept yuan for an international trade settlement because, yuan is not stable and fluctuate like swinging pendulum