olucege:
if you all read through, you would see that it's an article from the vanguard of Tuesday, meaning it does not reflect the current state of the naira.

Nkemp:


Mr, u defending GTbank, if you well informed can we have the exchange rate for other banks and let's compare.
In all my cash withdrawal in the US for just this brief break. I have been charged #300 -$1. Quite unfair

onatisi:


This is the very very bitter truth majority of Nigerians dont want to accept. Buhari doesn't know a thing about economic recovery and his party has no roadmap about how to go through with the nation economic recovery.they came in without a plan or purpose and that is the basic recipe for failure. That was why it took him 7 solid months to choose his ministers because he had no idea about who he wanted to work with or what kind of people he wanted. We have a government headed by people who are still asking themselves what they are doing and what they should be doing even almost 12 months after taking over power

emmybiz:
pls I need the current dollar rate as at today.

bewla:
am sure when its one to one many will pass away for lack of believe and of cause does around will change Monica I d

teemac01:



Everything on dat site u posted smells of plagiarism.
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Najwal:


Is this an app? I would love to have it on my phone too. Thanks

waterhouse071:
The way our economy is going down under APC, we'll soon rediscover PDP.

oduastates:
I PREDICTED THIS CRISIS IN 2014 WHEN ALL THESE SO CALLED EXPERTS WERE SHOUTING TRANSFORMATION AGENDA AND "LARGEST" ECONOMY IN THE WORLD.
I wrote about exactly what was going to happens
I beg to disagree.
The Nigerian non-economy has always been non-existent.
Take a trip to a high brow hotel, political gathering or an international/domestic airports and you would think that Nigeria is a country full of industrialist and big corporations with all the big cars, 95% of American cannot afford, private jets and $1,000 cocktails being quashed in bars on the island.
Only Buhari or the Niger Delta militants can do Nigerians a favour.
Switch off the damn oil so that Nigerians can grow some brains.
Just like Mao and Stalin taught their people a bitter lesson in self reliance.
Shape up or starve to death.
We go through the motion of copying oyinbos like our so called democracy .
Stock market ,capital markets and all that crap.
In reality, there is a barely a trace of governance, functioning economy and all.
This is why the devaluation, revaluation or the appreciation of the currency makes no difference.
The biggest jokes
How else can you determine?
The relationship between rents and buying houses.
Those housing prices are same or more in many Nigerian cities than in many places in America,Canada and uk.
Yet you get more from renting in those 3 countries.
There you have it. An absolute disconnect.
The crap we import are not only of less quality than the equivalent bought overseas, they are also more expensive.
It is during a period of crisis that true leaders are known. Just like Pat Utomi, El Rufai, I hereby scratch Ekwesili from my list of potential presidents.

ganisucks:
More lies from Mr President. Buhari, give us a round figure ☀̤̣̈̇f how much has been recovered from the anti-corruption war. All we hear from Y̶̲̥̅̊ø̲̣̣̥ǖ is "we will", "we shall". When are we going †̥♥ start hearing " we have", "we J̶̲̥̅̊u̶̲̥̅̊ƨ̣̣̣̇̇̇̇τ̣̣̥" A̶̲̥̅̊Ω̴̩̩̩̥D̶̲̥̅̊ "we did.

tuniski:


1. The real reason for the unprecedented depreciation of the naira to 345/$ is the sluggishness of the current govt. It was 197/$ as of 29/may/2015. A GEJ's govt would have devalued and create a forex regime stability. The decline in oil revenue though critical and frustrating, there is no way out of a weakening naira but, having stability will largely cushion this spiraling depreciation and 'technical devaluation'. 200 to 345 within 8months and still falling is a disaster.

2. FDI (Foreign Direct Investments) won't have ceased and declined. Investors work within a stable forex regime and clear directional govt. Stability allows for planning and execution. This will ultimately mitigate against the unabated increase in headline inflation. Jobs will be saved and the Q on Q sectoral declines would have been stemmed.

3. Borrowing. GEJ would have effectively borrowed as needed frontally as a proactive measure. It is clear to all, buhari is having difficulty borrowing as its stand due to the neophyte nature of his economic team promoting welfarist packages during a period of austerity! It remains a mockery of economics that a nation facing dwindling revenue is politically offering welfarism. 500bn on waste during a time of desperate need for investment in capex is sure a no no to lenders.

4. Structural shift. This govt as seen from the scandal of budgeting only say one thing and does another. The first and most significant policy instrument of the govt has exposed the hypocrisy of the administration. Diversification has always been part of every govt for decades. However, the emphasis and political will to radically make the shift has been largely lacking. Taxation is now being drummed up as if it is new, instead of the norm even as the active economic agents are facing hard times occasioned by instability. So who do u tax? U don't drive away investors locally and globally and expect to increase revenue via tax. A GEJ would have continue to attract more investments.

5. Psychology of govt: the current govt blaming policy and a victim mentality have been a negative signal to all. They campaigned and threatened parallel govt should they not win. Now they have won and with no post election litigation for the first time in our democratic journey. The immediate goodwill was massive but, has now been replaced by blaming and jerk kneel response to governance. Great leaders are made through hard times! Obama came in during global meltdown and a USA facing two wars in Iraq n Afghanistan but, didn't make blaming Bush/republicans governance! Today, unemployment has falling from the 10.4% high of 2009 to. 4.7% today.
Things won't positively change playing the victim for a mandate u campaigned Vigorously across the country for, no it won't!