prettythicksme:
it will soon b 400!#happy#dancing shoki!

diegwu01:
We have Electricity...it may not be stable though, we could do more with a cheaper and more staple source of electricity.
lets not use that as an excuse not to do anything. there are industries working, Innoson, dangote et al millions of others.
Only a lazy man would fold his arms looking looking for an excuse to do nothing..
You say there's no electricity..Have you been sleeping in darkness all these while or charging your phones or powering you PC with candles?

scachy:

It's well.

Pappyto:
#500 pay $20

Stevebamdex:


Opposite sambisa forest,Bokoharam highway behind mohammadu shekau avenue maiduguri,borno state..na 5000k I wan give you self..

playtheblues:
It was sold at N385 yesterday.

Hello CHANGERS!

HELLO!!

Chukzyfcb:

What do you mean its the rate on the book on the street? Is £1 = 450naira the official rate?
Were you the one who authorised it, go get some real info man!

erico2k2:

This is the problem with yoy lots in Nigeria ask b4 castigating
I sent £1k this morning from London to mu first bank account in Nigeria I got alert of N450. The BDC ha e agents here who wire money on the high streets here in the UK. We feed them and they in turn get hard currency to sell in Nigeria. This is how it now works. The Banks will never ever have dollars to sell at that rate.

Chukzyfcb:

Lool this is man you make laugh. You are in london, using a 3rd party. I'm in Nigeria telling you the rate in the black/parallel market. And you are still arguing. Did I tell you banks sell dollars, all I did was quote official rate...Okay ooo...kontinuu arguing with who dey naija.

Rayhut:

is not true,those living abroad transfer money to domiciliary account and withdraw in dollars,then change in black market or you send through azimo international money transfer,their exchange rate is near to black market rate. Western union and moneygram is for official transactions

erico2k2:

Is it not the same people from Nigeria who co.e here to buy?or who do yoy think owns the 3rd party remittance? British government?

mrlaw93:
Re u falz? u re a bahd guy

Sant1m:
Some of you should take time to read, research and be open. The level of ignorance is pissing me off, one is supposed to learn on this site but you come here to find comments even a crude village woman cannot make. The value of a countries currency is not a determinant of the state of her economy. Pls, take time to find out value of the currency of some countries against the dollar.

Chukzyfcb:


Let's not go back and forth the issue...if you want phone-numbers of mallams who sell forex. Pm me,so you can clear your doubt. If you have friends in Nigeria, you can ask them what's the latest. You cannot be @ London & be arguing with one who is in Naija on the rates @ parallel mkt.
And if I get you correctly, £1000 was bought from you @ 450naira....which means you were cheated anywayz. Because it should have been bought @ say 500. But because its a business and they had to make profit, they buy from you 450 & sell to desperate guys there @ UK 500 or slightly lower than the Naijas blck market rate. #who now had the last laugh?

Chukzyfcb:


Let's not go back and forth the issue...if you want phone-numbers of mallams who sell forex. Pm me,so you can clear your doubt. If you have friends in Nigeria, you can ask them what's the latest. You cannot be @ London & be arguing with one who is in Naija on the rates @ parallel mkt.
And if I get you correctly, £1000 was bought from you @ 450naira....which means you were cheated anywayz. Because it should have been bought @ say 500. But because its a business and they had to make profit, they buy from you 450 & sell to desperate guys there @ UK 500 or slightly lower than the Naijas blck market rate. #who now had the last laugh?

Chukzyfcb:

I wish this was true, like I said I'm also in this state of turmoil. I called my account officer and she affirmed what I hve been saying....ALL MONEY IN THE DORM ACCOUNTS ARE TO BE PAID IN LOCAL CURRENCY @ OFFICIAL RATE....if you still doubt me, Visit your nearest bank branch & ask for more info. You think bank is running charity organisation.

erico2k2:

And no they don't sell in London they sell in Nigeria.they only do the buying here in London. You pay pounds here they pay Naira Into your bank in Nigeria. So everyone is happy

MuhdG:


there still is bro..

we are feeling it sooo much, its disheartening. but i have a feeling that when the budget is implemented, everything will get on track.
till then, God help us

I hope so.

Kachisbarbie:

My dear, I am very sure. Your friend should be the one telling us who charged him N305/$1.

I don't think the official bank rate should change, regardless of the transaction_ but since I don't know so much about PayPal, I can't really say much on that.

Demdem:
[b]The earlier u all get the gist the better for us all. if u add value to the economy and u really need dollars kindly apply to the banks and if u meet the requirements u will be given at the below rate and u continue to add to the economy.
However if u need dollars for luxuries, goods cbn has stopped funding with dollars, holidays etc u are on ur own. Go look for ur dollar elsewhere
Have we wondered why Nigerian manufacturers (MAN) arent complaining? have u wondered why that tomato selling woman in the market doesnt care or know what u are talking about because they arent affected? its because their business seems to be picking up by Nigerians now looking inwards. its we the elite that are feeling the heat and not the poor.
Gone are the days when we have serious reserves and Govt will continue to gurantee all our frivolities. Now, for frivolities, u are on ur own. The interest of the extremely weak is this govt priority and not the overfed. Many shouting here aimlessly are not even affected in anyway about the rise in the parallel market. Those receiving free dollars before cant and have gone in the parrallel market making it saturated and price high.
When they finally get their dollars at extremely high rate and choose to import, on getting to our borders, they also pay huge tax to the govt so by the time the goods get to the end shop, it becomes ridiculously expensive for the buyer. The question is if the buyer doesnt buy the luxury good, will he die?
I have reasons to import spare parts for my vehicles and to be honest, its ridicously high now. Govt is forcing me to start looking towards Innosun...............for my selfish self, thats not ok but for the overall good, its the best.
[/b]

Rayhut:

yes,exactly that is how they do the transaction,i am happy with them,kudos to the person that develop that idea.bad market for western union and moneygram,their rate is near to black market rate in naija

dearsly:
Thunder fire BUHARI and Osinbanjo!!!!!

May dia followers fall with the dollars!!!!

Chukzyfcb:

I wish this was true, like I said I'm also in this state of turmoil. I called my account officer and she affirmed what I hve been saying....ALL MONEY IN THE DORM ACCOUNTS ARE TO BE PAID IN LOCAL CURRENCY @ OFFICIAL RATE....if you still doubt me, Visit your nearest bank branch & ask for more info. You think bank is running charity organisation.

oyinkinola:
[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]

erico2k2:

And no they don't sell in London they sell in Nigeria.they only do the buying here in London. You pay pounds here they pay Naira Into your bank in Nigeria. So everyone is happy

Adesiji77:


About 4 months ago or more, an analyst who has been watching the trend keenly said that Naira may fall to as high as 400...it seems to be almost there now

elderstan:
So that exactly what is happening now, waooo I was a kind of coming to nigeria for holiday. But since its like that I won't again oooo