₦airaland Forum

otunbakplu:
Opeooo..hope the price of phones would drop

saipn:
what is the name of the bank?

Caseless:
i can't understand those guys anymore.

ipain:
GTB for naira mastercard and 325 for Access Visa card.

martineverest:
ode,y southern region?...are we not one nigeria?

Lapyte:
Cbn should not sell to bdc at the rate they sell to banks,let people go to the bank besides this bdc guys are not always loyal

sinistermind:
What some people don't understand is that even if Dollar goes down to 150naira, it doesn't concern the ordinary Nigerian man, unless price simple food items go back to normal. So as long as everything is still on the high side, Nigeria is still in recession to these ordinary Nigerians.

martineverest:
good..recession is over

Dear CBN,
Pls,dont listen to those asking for 1naira=1 dollar.make it float btw 298-300,so as to encourage local producers.

From a concerned nigerian

sekem:
Don't you even bother

'Cause you never will

Such people, they feed off negative news

It's like their own food.

It gives them a lot of energy

The worst part is that, they don't even know what they are doing or how it negatively affects others.

Johnpaul2k2:
i don't know where you people are getting your Stat?

Naira was at 405/$ yesterday evening

manmoraskk:
It was 150 when Obj was in power, naira started depreciating during Gej, only if you knew how much Gej almost jeopardized this country. I stop here. uote author=Franzinni post=54823210]And we are supposed to be happy!!!! When Jonathan was in power it was 217 and this mumu APC.. They complained, they said they had the knowledge to make 1 dollar equal 1 naira....

Now we are at 420 and they call it news?!!!! They psychologically bullied Nigerians to rejoice over their abject failure..

APC, pdp, apga, kowa and the rest of them, all of these fraternities will never have the interest of Nigerians at heart....

sinistermind:
What some people don't understand is that even if Dollar goes down to 150naira, it doesn't concern the ordinary Nigerian man, unless price simple food items go back to normal. So as long as everything is still on the high side, Nigeria is still in recession to these ordinary Nigerians.

kahal29:
The Naira, Tuesday, appreciated further to N420 per dollar in the parallel market prompted by increased dollar supply and declining demand.

Vanguard investigations revealed that the parallel market exchange rate, which closed N430 per dollar on Monday, dropped by N15, yesterday, to N420 per dollar. Consequently, the Naira has appreciated against the Dollar by N25 or 5.6 per cent, this week.
According to a Bureaux De Change (BDC) chief executive, who spoke on condition of anonymity, the market is experiencing boost in dollar supply due to the sustained intervention of the CBN in the foreign exchange market.

Also confirming this development, President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe said this trend will continue provided the apex bank sustains its intervention in the interbank market. He however urged the CBN to also consider increasing weekly dollar sale to BDCs as well as aligning the exchange rate at which they purchase the dollar to the rate at which the CBN sells to the banks. The CBN sells dollars to BDCs at N381 per dollar while it sells to banks at exchange rate ranging from N315 to N360 per dollar.

Since Monday February 20th 2017, when it announced new measures to boost dollar supply and forestall the declining fortunes of the naira in the parallel market, the CBN has injected $2.26 billion by intervening in the forex market 11 times as follows:

Tuesday February 21st, $417 million; Thursday February 23rd, $231 million; Monday February 27th, $180 million; Friday March 3, $350 million; Monday March 6, N367 million; Tuesday March 7, $100 million; Thursday March 9, $170 million; Tuesday March 14, $190 million; Wednesday March 14, $150 million; Thursday March 16, $100 million and Monday March 20, $143 million.


http://www.vanguardngr.com/2017/03/naira-watch-naira-rises-n420/

Franzinni:
And we are supposed to be happy!!!! When Jonathan was in power it was 217 and this mumu APC.. They complained, they said they had the knowledge to make 1 dollar equal 1 naira....

Now we are at 420 and they call it news?!!!! They psychologically bullied Nigerians to rejoice over their abject failure..

APC, pdp, apga, kowa and the rest of them, all of these fraternities will never have the interest of Nigerians at heart....

sinistermind:
What some people don't understand is that even if Dollar goes down to 150naira, it doesn't concern the ordinary Nigerian man, unless price simple food items go back to normal. So as long as everything is still on the high side, Nigeria is still in recession to these ordinary Nigerians.

anonimi:
Stop being funny, bro.
How can you create import-export balance when it is easier to steal money under the dullard's watch with his CABALocracy friends getting $ at the rate of N3 while he pads budget anyhow for himself?
Stop the joke please.

Sorry, please take the correct drug that will sweeten the Bike.




[img]http://3.bp..com/-0_tKBcldQyw/WJxU2qTEXsI/AAAAAAAEvwM/ZUiOO0LdZlM7vGCwcBcsDsAIe00oAO23ACLcB/s1600/photostudio_1486638555627.jpg[/img]

Doyin2:
Receive some sense!

what was the Oil forex revenue when GEJ was in power.


Also,whilst GEJ used our reserves to defend the Naira,a very stupid policy,PMB is using current proceeds to flood the market with forex,very good but temporary measure.

People can be so shallow minded in thinking

Odunharry:
Who told you it doesn't concern the average Nigeria?? What do u think will happen to those commodities imported into the country Which the average Nigerian Use?
If the Naira keeps appreciating against the dollar what again do you think is the impact on our economy??

sinistermind:
What some people don't understand is that even if Dollar goes down to 150naira, it doesn't concern the ordinary Nigerian man, unless price simple food items go back to normal. So as long as everything is still on the high side, Nigeria is still in recession to these ordinary Nigerians.

Franzinni:
And we are supposed to be happy!!!! When Jonathan was in power it was 217 and this mumu APC.. They complained, they said they had the knowledge to make 1 dollar equal 1 naira....

Now we are at 420 and they call it news?!!!! They psychologically bullied Nigerians to rejoice over their abject failure..

APC, pdp, apga, kowa and the rest of them, all of these fraternities will never have the interest of Nigerians at heart....

sinistermind:
What some people don't understand is that even if Dollar goes down to 150naira, it doesn't concern the ordinary Nigerian man, unless price simple food items go back to normal. So as long as everything is still on the high side, Nigeria is still in recession to these ordinary Nigerians.

tejpot:
By extension, if the naira keeps going up even up to N1000, it doesn't affect the common man. Think!!

Igbonoid:
Well said my brother.. What has the poor man got to do with dollar whether high or low. Some have never seen or touched it in real life self.