good

Thanks to the policy of the vp

We still dey wait make e reach 150.

What about the visibles, how much will they be charged?

You devalue naira at last or what do we call this?

Still waiting till it gets to 150.

Bari22:
Buhary in town

no just use Buhari spoil this good news

how does this affect the price of goods in the market place? Everything remain same in physical but on paper, things keep changing. Government need to put people in place to monitor things else nothing will change.

Livebygrace:
Yet till now no effect has been made on goods in the market. People that were quick to skyrocket prices due to dollar hike are now sluggish to journey along with the dollar. An average Nigerian is a rogue.

Bro, those goods where bought at 500/$

Livebygrace:
Yet till now no effect has been made on goods in the market. People that were quick to skyrocket prices due to dollar hike are now sluggish to journey along with the dollar. An average Nigerian is a rogue.

How? within how many days? What kind of mathematics is that? Is it immediately that traders will go to market or they should reduce their prices immediately even when the goods were bought @ higher dollar rate. Use brain bros

Livebygrace:
Yet till now no effect has been made on goods in the market. People that were quick to skyrocket prices due to dollar hike are now sluggish to journey along with the dollar. An average Nigerian is a rogue.

So if you buy goods when the rate was 500 which are still in stock you will reduce the price and sell below cost price cus dollar is down.? You are not a good business person.

till when?

Only a fool expect the impact to be felt immediately, it will take a month or two before goods price start coming down, anyways it's a win win situation, expect the naira to appreciate further this week

wicked traders in the market will never want to bring down the prices of goods.

imagine what would av happened if the dollar is still going up.

dollar was #178 when APC take over

If dollar don dey 150 make una tell us

rice has less in in my area

but why will they refuse to sell to BDC?

.

As if u apply for BTA bank will easily give you...rogues everywhere.

This is CBN pegging the dollar like they did before. I have no problem with that. What I do have problem with is the banks. The new policy says they should only sell Forex to parents who want to pay school fees abroad, BTAs and PTAs. However, watch shady bank managers selling the Forex to the Bureau de change operators who would bribe them.

All in all, this is a welcome development.

We Wait to see the impact of this on the parallel market.

Please note that the parallel market, at the moment, gives a true reflection of the naira value as against the dollar in Nigeria.

We still have a long way to go.

Livebygrace:
Yet till now no effect has been made on goods in the market. People that were quick to skyrocket prices due to dollar hike are now sluggish to journey along with the dollar. An average Nigerian is a rogue.

they will tell u that they bought the goods when dollars was high, so they have to see it high.

This is getting interesting, hope this will be sustainable.

good news

The problem is "Us" not the country

wiseguy:

Gbam! We are our own greatest enemies.

CBN shld inject more dollar into circulation, 360 is still very high! can't we have N100 to $1

I swear, will u even believe that instead of the prices of commodities to decline proportionally with the dollar, or worst case scenario, maintain status quo. Those retailers are still increasing prices

Since there isn't a price control mechanism, those greedy guys are leveraging on the terms recession and dollar


U keep hearing stuffs like " oga na recession ". , " oga, dollar don co.oosttuuuu "

Livebygrace:
Yet till now no effect has been made on goods in the market. People that were quick to skyrocket prices due to dollar hike are now sluggish to journey along with the dollar. An average Nigerian is a rogue.

warrenweste:
but why will they refuse to sell to BDC?

if banks rates are cheaper and dollars are readily available to dem,ppl will patronise banks and it will be easier for CBN to control the rate of dollar exchange until it hits official rate of 306

Dripy:
Very good news. Now let the price of red oil, rice, garri, vegetable oil, canned tomatoes, sachet water, toilet roll, fuel and transport fare come down.

The Nigerian populace has really suffered hardship and hyper inflation; shame on all those fake prophets who speak when God has not spoken.

God bless Nigeria and grant more wisdom to our leaders to make Nigeria great again.

Anybody wey this good news no sweet should migrate to rivers Niger or Benue

petrol gan gan self!!!

SEEDORF441:
rice has less in in my area

how much is a bag?

G boys will not be happy about dis news