₦airaland Forum

Onegai:
The exchange rate affects everything in Nigeria, because we import 90% of what we use everyday in the country. Because dollar hiked and fuel increased and some other factors came in, everyone increased their prices of what they were selling. Manufacturers could no longer import their raw materials so they too increased prices. This policy apparently will stop greedy people from artificially causing currency speculation (because banks will tell you they don't have dollar to sell you to transact your business but meanwhile they had sold it to BDC operators to make profit).

But will prices of things come down? Yes, in the long run. Because everyone will know that dollar has season to buy high or buy low. And everyone that needs it can then plan accordingly. So no more rushing helter-skelter for availability.

@ TheGoodJoe


does this mean with d floating thing, the prices can only come down if the dollar irself falls to d naira?

forgive my economic naivity.
yes, i am an economic dummy.

Onegai:
For those wondering what it means, follow @tunjiandrews on Twitter. He's a smart and objective Economist who analyses Nigerian economy on the radio. And he and other economists are all saying this is a good decision. Even some economists who are totally against Buhari are for this policy. One even said that this was what should have been done since last year.

From all indications, this is a good policy. It will apparently break the hoarding and speculation. And most people didn't see it coming (they assumed CBN couldn't keep fighting).

Basically, if you're hoarding dollars to speculate in the hopes of reaping a windfall, better go and dump them now. Because dollar will be open for competition.

aunty, abeg no vex. I be Agric/Environmental Engineer.

abeg, dis floating of a thing, is it going to affect orices of goods or its just all about d dollar or rather d exchange rate?

who d wear sun shades chop fufu again na?
ijebu boys and timidity

lol!

@OP

why dont you put ur own fone number here so we can all chat with you?






person phone,person phone number, person whatsapp account come be ur matter abi?


go ministry of information go interview am if u d find info.

and this is supposed to be news?
lemme see d mod that will move dis phokery to FP.

Samexdx:
Carles Puyol i see you... Best center defender of his time

you mean like dis?

see him hand, he d even beg ronaldo make e wait for am

This APC Government has accepted failure already.


if its not Aisha Buhari hosting social media activists den its Yemi Osibanjo.


and El Rufai hosting Journalists and Labour.


i mean, why so much interest in these particular persons? the people who should speak and decide for the masses when the Govt goes astray.

Crazy Statistics of Day: •








Cristiano Ronaldo Twitter followers: 43,100,000


• Iceland population: 330,000

Bluffly:
That means the son of Ryderson will be Rydersonson

lol
abi na

that ex commisioner must have been one of the problems with Ekiti state.

from allocations i have seen so far, a federal dependent state like ekiti should have salary payment issues.


i think it would have been better if he did criticise him based on internal revenue generation rather.

leestryder:
Why be say all those iceland starting XI get *son* at the end of their name

patrimonic


was a form of identity in d days of old adopted by (English, Swedish, German, Norwegian, Icelandic ) name tells people who you are and who ur father is.

assuming ur father's name is Ryder. then you are Leest Ryderson
- the son of Ryder.

here, both you and ur father are fully represented.






sorry am not very good with lessons.

I foresea Ronaldo's hatrick.
who wan bet?

BeastAmbition:
Believe It Or Not, We Don't Care. Is it Only Cook stories you see, Very Soon You Will See Fry Stories.

and who do you speak for?

there's no media platform where NDA has said anything like dis.



Saharareporters can do better than cooking up stories.

Have to admit when Spain are this dominant they bore me to tears. Too good, too efficient = no fun.

Idk why but I have been liking Fabregas less and less as seasons go by. Don't think he should start for Spain

mehhnn!
see spain squad oo
how spain is going down is surprizing.

samplesvibe:
Dear, i'll advice you go for a thorough medical check up...

okay, thanx.

please, can they just sack over 1000 millitary officers, d youth are looking for jobs.

of cos
IPOB is from mozambique

the natural father christmas

passingshot , make u d try small na, na beg i d beg u

seriously am Wike's Supporter
but dis his commisioning ceremony is becoming something else.
what has happened to commisioners of works in the states?
what are their duties?
why would one call for a ceremony to commision a single road?



i hope he doesnt turn out Nigeria's most extravagant governor all time.

Putin right now.

how him take hear?

ah think say him get hear froblem?




abi na Oga himself, Femi naim talk for am?

Free-kick goals at Euro Championship finals: Eric Dier (1) David Beckham (0) Steven Gerrard (0) Frank Lampard (0)


#Class.

Islam and complexity

any need for this?

Wayne Rooney's first half by numbers vs. #RUS : 100% take-ons 89% pass accuracy 39 passes 2 chances created

playing Steven Gerrard's position even better than Gerrard himself.



#CLASS.

and who d hell suggested reck socks for England?