₦airaland Forum

Good news,.... Who is to get the credit? Federal government of Nigeria led by PMB..... RENO O. MOCKERY WILL NOT BE HAPPY. some of one with little or no knowledge of the economy. Wrongly believed there was a magic following PMB vacation . the gain is the product of sustained good economic policy. God bless Nigeria

tuniski:
When will it be 197 to the dollar and inflation drop to under 10%? If this yeye govt achieve that by 2019, we will forgive them while sending them away.

hehehe

tuniski:
When will it be 197 to the dollar and inflation drop to under 10%? If this yeye govt achieve that by 2019, we will forgive them while sending them away.

that will only happen when petrol price goes back to N87

WE NEED NEW REFINERIES

things still expensive for market oooooooo

Jetleeee:
Isn't it time for us to celebrate this beautiful woman?

https://thewhistler.ng/media/k2/items/cache/bdece6b7ff7be84908240494aa881aee_XL.jpg

The so-called polytechnic graduate cleaning up the rot madam Phiil-lip-ina aka Eteyemi from Havard caused

Omo wa na ni

https://i.imgur.com/kWKoE30.gif

Celebrate her Cox she met it at 218 and auto reversed to 420 because below 400 is what aboki buy while selling is minimum of 420 if you are buying much. I won't mind a proof of a seller in your area that has it for 400 at most. I trade so I need the price to go down at least within same rate of banks but not on paper. I need reality actualization. When they can achieve yaradua feat of appreciation of naira against the greenback above what he met it when he came into power then we'll celebrate them at least for once. Right now I need that Intel of a mallam selling for 400 Cox I have a payment to make and I no get money to waste

It will eventually get to 1naira. Nothing is impossible with God

hysteriabox:
Lol. it appears to me that some people just take the time to pause n wait for things to go wrong so they can talk.
Nice one



BTW...
No one is hailing buhari for this. But the moment it begins to fall...
Life lesson: when things go well, its your deputy; but when things go bad, its your administration.- haters narrative

left alone with Buhari the Naira would be 600 to the dollar by now.We all know whom credited should be given...as far as i am concern the only thing Buhari is good at is his sectional leadership that would only please the core north.

Hmm. Hope car dealers are following

Oga be fair for once in ur criticism. Asking for the present Admin to miraculously return it to 217 is tantamount to say crude oil prices should rise to 100 dollar per barrel except u want us to believe there isn't correlation between falling crude oil prices, depleting foreign reserves and flight of d dollar. Remember Gej made more than 50 trillion dollars from sale of crude oil but what he handed over was depleted foreign reserve, huge debt, inability of states to pay salaries and worse off cosmetic economy that was headed towards recession cos of his kleotomanic kitchen cabinets.

yinkslinks:
I like to laugh when people praise naija government in just weeks. Something they met at 217. Let's just sleep and wake up to hear it risen again like soaked garri.

Well, it is wonderful news, but remember, the CBN is still pumping dollars that are dependent on oil price increases.

In the future....we may have to do these things to get a stable source of forex.

1.Float the naira (yes, I used to hate the idea, but we gat no choice)...and get as high as N1000 to $1 and above

2.Become more productive....ie produce goods for export. Not just agriculture....other things.

cyrilamx:
Oga be fair for once in ur criticism. Asking for the present Admin to miraculously return it to 217 is tantamount to say crude oil prices should rise to 100 dollar per barrel except u want us to believe there isn't correlation between falling crude oil prices, depleting foreign reserves and flight of d dollar. Remember Gej made more than 50 trillion dollars from sale of crude oil but what he handed over was depleted foreign reserve, huge debt, inability of states to pay salaries and worse off cosmetic economy that was headed towards recession cos of his kleotomanic kitchen cabinets.

Erm...a lot of money was made during GEJ's time, but it was not up to even $1 trillion.

I remember Apostle Suleiman prophecied on January 1st that the Dollar will become N615. If his 'god' said that to him, then his 'god' must be shocked at the naira.
The Naija is clearly more powerful than Apostle Suleiman's 'god'. It's surely not God.

Deepfreezer:
Thank God. Let it continue dropping

God bless


PMB/PYO..

Wetin they worry u. Jonathan was selling above $100pb and above 2million barrel per day, yet he cant do better. Where you dey when your brothers enemy of progress they bomb pipeline wey output fall bellow 900thousand barrel per day and selling below 40$pb.

TPAND:
Olodo... Thats is what you were told, How many years did oil sell for over $100 during Jonathan's regime. Ignorance is dangerous. APC accused Jonathan of lack of will to save, with this administration pumping over $3.2billion into the forex market in just one month, are they not also towing Jonathan's route.

Completely confused administration.

Speculators how market?

TPAND:
Olodo... Thats is what you were told, How many years did oil sell for over $100 during Jonathan's regime. Ignorance is dangerous. APC accused Jonathan of lack of will to save, with this administration pumping over $3.2billion into the forex market in just one month, are they not also towing Jonathan's route.

Completely confused administration.

it wasnt apc that accuse gej, it was Mrs Iwela. His own minister of finance.

Joavid:
I think there's a name for this kind of strategy. where a new Government make things worse at first, and then makes it better.

so the dumb and gullible electorate start to sing their praises forgetting how the same government made them go through hell.

I'm damn sure there's a name for this strategy.

Well...when Bubu took over, oil dropped, and kept dropping to as low as $28 per barrel....meaning that CBN had to restrict dolalrs, meaning that we had to suffer a bit....and then oil rose again, while CBN kept on restrciting, until they had enough dollars to feel comfy releasing them.

Rememeber, GEJ too does take some 'blame' for not saving when times were good. Soludo did what Emefiele did in 2008....but it was not felt much because we had $47bn in the kitty...compared to the $32 bn we had when Bubu took over.

Still.....blame game aside...the real koko is that we do not have a stable source of dollars. And you get that by being productive...as in prdcutive for export reasons.

EXPORT...EXPORT..EXPORT

''“For us to have a convergence between the interbank and parallel market, it would require the CBN to devalue the official exchange rate to about N350 to the dollar.''

They have started again.

Useless analysts!

We are talking of a market driven rate,this quack is talking of deliberate devaluation

Nice but it should continue to fall until we get at least N200 to $1, I am not greedy to demand $1-N1.

Where are those prophets who saw dollar reaching N650? Voodoo Economists!

We thank God for this, but WE NIGERIANS ARE NOT FAIR TO OURSELVES.
We hiked prices of goods that do not have anything (directly or indirectly) with dollars.
Now that the Naira has appreciated against the dollars, why are the prices not going down??
Do we expect the govt to start begging or forcing us to bring the prices down??
We keep cheating and hurting ourselves and then cry that the govt doesn't care for the common man. SO SAD!!!

Let's keep watching and praying, God help us all.

Jetleeee:
Isn't it time for us to celebrate this beautiful woman?

https://thewhistler.ng/media/k2/items/cache/bdece6b7ff7be84908240494aa881aee_XL.jpg

The so-called polytechnic graduate cleaning up the rot madam Phiil-lip-ina aka Eteyemi from Havard caused

Omo wa na ni

https://i.imgur.com/kWKoE30.gif

RUBBISH, this has nothing to do with that rookie. This is Emefiele's idea through the instrumentality of CBN. The Rookie even became so envious of Emefiele's positive actions that she went crying to the senate to curtail CBN's powers! Kemi is a mediocre who is totally overwhelmed by the enormity of her office. RUBBISH!

tdayof:
Can banks increase their international limit already? Dollar is getting okay and can someone help with banks that accepts Paypal.

we may need an online protest to see that come to pass

So officially the naira is bellow 400 naira to a dollar... It fell from 520-399 under a month because of the intervention of Yemi osibanjor or according to nairalanders Yemi osibanje... This is proof that if our leaders want to transform Nigeria from its current state to that of the united States they can do it in a short period of time.....

On the flip side

Our big brother Nigeria contestants went into the house hoping to win 25 million naira ($50,000) calculated at an exchange rate of 500/$1... Now i wonder how the winner will feel knowing that the price has dropped from 25 million to maybe 15 million when the show ends ...... its possible at this rate

InvestinOwerri:
RUBBISH, this has nothing to do with that rookie. This Emefiele's idea through the instrumentality of CBN. The Rookie even became so envious of Emefiele's positive actions that she went crying to the senate to curtail CBN's powers! Kemi is a mediocre who is totally overwhelmed by the enormity of her office. RUBBISH!

See this one...

cyrilamx:
Oga be fair for once in ur criticism. Asking for the present Admin to miraculously return it to 217 is tantamount to say crude oil prices should rise to 100 dollar per barrel except u want us to believe there isn't correlation between falling crude oil prices, depleting foreign reserves and flight of d dollar. Remember Gej made more than 50 trillion dollars from sale of crude oil but what he handed over was depleted foreign reserve, huge debt, inability of states to pay salaries and worse off cosmetic economy that was headed towards recession cos of his kleotomanic kitchen cabinets.

You no dey shame, you are still blaming in 2017. I pity who mistakenly offends you. Imagine, typing as if he was there when it was just the story we were told. This is why Nigerian youths would never be the leaders of tomorrow, always fighting for politicians that do not care about them.

Please let it affect the price of foodstuffs.

yinkslinks:
I like to laugh when people praise naija government in just weeks. Something they met at 217. Let's just sleep and wake up to hear it risen again like soaked garri.

Mr Lienus

Jetleeee:
Isn't it time for us to celebrate this beautiful woman?

https://thewhistler.ng/media/k2/items/cache/bdece6b7ff7be84908240494aa881aee_XL.jpg

The so-called polytechnic graduate cleaning up the rot madam Phiil-lip-ina aka Eteyemi from Havard caused

Omo wa na ni

https://i.imgur.com/kWKoE30.gif

Akin is this news ok?

francotunsco:
Where are those prophets who saw dollar reaching N650? Voodoo Economists!

Don't worry dear, it will still get there even beyond.

You are the dim wit here. If NOI as finance Minister and coordinating minster of the economy-- a kind of defacto prime minister, could advise GeJ's admin to borrow to offset salary in 2014, when price of crude plummeted to $70, and revered as world class economist, but a poly graduate is insulted for wisely managing an economy already haemorrhaging, depleted foreign reserve and an all low oil price of less than $30 without borrowing to pay salaries, giving bailout to constituent states. Who btw these two is is pragmatist economist?

opal4real:
What a bunch of dimwits!!!! Some idi.ots are celebrating absolute bunkum.

One moro.onic f..o..ol is even comparing the Polytechnic graduate with Ngozi Iweala. What a world!!!

Until it's 200naira to $1 there is nothing worthy of celebration, unless you are DIM.WIT!!!