I want sell dollar

hrhobi1:
How much will the banks sell dollars to ordinary Nigerians ?

370

Dclique:
Why na wen I wan change my own dollar al ds improvement com dey happen!.

See enemy of progress.

So u were expecting naira to hit N2000 to 1dollar so you can sell to make ridiculous profit,, huh!. I know you will be saying this development will not be sustainable but I dare to differ that God will make it possible the naira will keep appreciating to the extend that the dollars in your closet is almost becoming useless.

Ika, olopa ewo niti epe

See enemy of progress.

So u were expecting naira to hit N2000 to 1dollar so you can sell to make ridiculous profit,, huh!. I know you will be saying this development will not be sustainable but I dare to differ that God will make it possible the naira will keep appreciating to the extend that the dollars in your closet is almost becoming useless. [/quote]

abumeinben:
Hacker

Whomever has got JP Morgan contact should kindly inform them they can come back now.

haha ...the doomsayers wont love this improvement

lastmaster:
I want sell dollar

If you are in the US, I will buy it.

Plz Mr president......spend eternity in the UK ,,u knw ur health can't be compromise for state affairs,,,,
Your vacation has immensely be fruitful to the nigeria economy....tanks you mr president

#1 to $1

PassingShot:
Dollar will fall further to N350 soon.

Better days ahead.

I have always said that the economic performance of Nigeria on the short run always depends on the crude price indices and nothing more.

No matter who is president or what policies are put in place, so long as the oil price is low, the economy will be in turmoil and vice versa. We are basically slaves to the combo of oil price fluctuation and dollar availability. This is because we are a mono-economy and import dependent and Nigeria cannot survive for too long like this.

On the long run, we need to increase our made-for-export items (rice, yams, seedlings, machine tools, food & beverages, textile, light manufacture, pharmaceuticals etc) and to expand our petroleum refining capacity to the point of exporting refined products and petrochemicals.

It is a long way for us to go but it is not impossible within 10yrs if we shun boko haram, militancy, corruption, secession plans etc. We could just have a great country on our hands, if only we know how to make it one.

[color=#000099][/color]

lastmaster:
I want sell dollar

Rate

jjcena:
[color=#000099][/color] Rate

495 to a dollar

PassingShot:
Dollar will fall further to N350 soon.

Better days ahead.

Flets:
If only the cabals will let Nigerians be.

The sudden improvements after Buhari's exit have proven he is a recurring failure and his cabal ain't happy about these developments. They would attempt to spoil it all.

These things are work in progress, its not the day we planted a seed that it will germinate to becomes a fruit, work had been going on since and it's expected for us to get results for it,the president not being around is not what bring about the improvement, its what they have put in place that is yielding good result.

God bless Nigeria

ugochukwufrenzy:
Why ıs naıraland too serıous dıs mornıng?pls brıng back our tonto nd bbn threads back.

........ As in eh... Me sef suprise as serious threads jus dey hit FP....








Lala I sight thee

hrhobi1:
How much will the banks sell dollars to ordinary Nigerians ?

it was sold to me at 375...for school fees...and that's the rate at which CBN asked banks to sell

Why are things turning around while PMB is away and under Osibanjo's watch?

Buhari is obviously bad luck to this nation. Check out what osibanjo has achieved just this period . Nigeria does not need Buhari. We need a learned man to rule us. I am not Yoruba by the way.

prinsam30:
Really Osinbajo is working


just twenty- eight days on the throne, he has done what the king of daura has failed to do in TwO years.


Nigeria will be great again

Nazacent:
Why are things turning around while PMB is away and under Osibanjo's watch?

On the appreciation of the Naira since last week, the logic is very simple; CBN resumed injecting forex into the system and the effect is what you see currently on the Naira.

About 3-4 months ago, our reserves dropped to dangerously low levels ($23 billion) so the CBN massively slashed the amount of forex it normally injected into the system with the aim to build up the reserves. Of course the reduced injection caused scarcity and put pressure on the Naira (N520). But now, with the reserves built up to $29billion (as announced 2 weeks ago), the CBN has just resumed its weekly injection of forex into the system through banks and this has eased the pressure on the Naira.

There's nothing spectacular about this phenomenon and it has little or nothing to do with buhari or osinbajo.

JayJustus:



it was sold to me at 375...for school fees...and that's the rate at which CBN asked banks to sell

Which bank Pls

obailala:

On the appreciation of the Naira since last week, the logic is very simple; CBN resumed injecting forex into the system and the effect is what you see currently on the Naira.

About 3-4 months ago, our reserves dropped to dangerously low levels ($23 billion) so the CBN massively slashed the amount of forex it normally injected into the system with the aim to build up the reserves. Of course the reduced injection caused scarcity and put pressure on the Naira (N520). But now, with the reserves built up to $29billion (as announced 2 weeks ago), the CBN has just resumed its weekly injection of forex into the system through banks and this has eased the pressure on the Naira.

There's nothing spectacular about this phenomenon and it has little or nothing to do with buhari or osinbajo.

The depletion of the reserves had to do with who then?
Didn't some people loot the reserves dry?

JayJustus:



it was sold to me at 375...for school fees...and that's the rate at which CBN asked banks to sell

Which bank Bro

hustla:


The depletion of the reserves had to do with who then?
Didn't some people loot the reserves dry?

When the CBN takes forex from the reserves and injects it into the system, that reduces the amount in the reserves. However the amount in the reserves is balanced by forex inflow into the country, of which over 90% is from oil sale.

Throughout 2016, oil averagely sold for less than $50 with the value dropping to even $28 earlier in the year; Nigeria's oil export was also reduced to about half of the typical volume. With this severely reduced forex inflow into the reserves, as long as the CBN continues to disburse forex into the market (to maintain Naira value), the amount in the reserves will keep going down and that is what happened throughout 2016 till the reserves dropped to about $23bn.

I think the explanation above is pretty much simple and elementary, but I'm sure some persons may prefer an alternative 'sweeter' explanation such as "Buhari stole all the forex in the reserves."

obailala:
When the CBN takes forex from the reserves and injects it into the system, that reduces the amount in the reserves. However the amount in the reserves is balanced by forex inflow into the country, of which over 90% is from oil sale.

Throughout 2016, oil averagely sold for less than $50 with the value dropping to even $28 earlier in the year; Nigeria's oil export was also reduced to about half of the typical volume. With this severely reduced forex inflow into the reserves, as long as the CBN continues to disburse forex into the market (to maintain Naira value), the amount in the reserves will keep going down and that is what happened throughout 2016 till the reserves dropped to about $23bn.

I think the explanation above is pretty much simple and elementary, but I'm sure some persons may prefer an alternative 'sweeter' explanation such as "Buhari stole all the forex in the reserves."

You haven't said anything even with your efforts to bamboozle yourself with seemingly complex sentence structures

I'm not a supporter or any party or faction, but if we have to depend on dollar and forex from oil, Nigeria will never be great. If we have to depend on forex from oil to inject into the economy, the present situation will only be for some time.

What happens if Iran decides to damn the consequences and increase oil sales? We will start to cry and run up and down?

hustla:


You haven't said anything even with your efforts to bamboozle yourself with seemingly complex sentence structures

I'm not a supporter or any party or faction, but if we have to depend on dollar and forex from oil, Nigeria will never be great. If we have to depend on forex from oil to inject into the economy, the present situation will only be for some time.

What happens if Iran decides to damn the consequences and increase oil sales? We will start to cry and run up and down?

I haven't tried to bamboozle anyone, what I explained was in elementary English; too bad if you don't comprehend it. You asked why the reserves were going down and I gave you the simple answer.

This isn't a political matter, it's just simple economic logic. And yeah, Nigeria still depends on oil sales for up to 90% of it's forex income so you are very right, we aren't out of the woods yet. Yes! with the CBn resuming disbursements of forex into the market since last week, it helps the Naira to appreciate, but is it sustainable even when we are still primarily dependent on oil?... Your guess is as good as mine.

Except a miracle happens and the oil prices remain at $55 or increases, and except our brothers in the creeks decide to continue pitying their starving compatriots by sustaining their ceasefire, the situation will remain the same and we'd keep going about in the same cycles.

how much is exchange rate of dollar today