.

This is a result of having too many SA on media than the ECONOMY.

Buharimonics.

I had thought we will be discussing more of yuan than the dollar,the china trip was just a big SCAM.

This is expected.

There would be s spike especially with all the pent up demand, then a gradual fall... The changes will come as the days and months progress..

It promises to be an exciting few months...

Very good....

I can afford to smile further today

The Naira is starting today at 258/$

BlackSeptember:
Apart from all these dogo turenchi does it mean that I will be buying things on Amazon at an exchange rate of 346 or 288


Buhari s the worst thing to have happened to Nigeria.


I stand naked and place a curse on that man that's ruining this economy cos of his pride and arrogance

Pics or adonbilivit

Wonder what floating means when we will still be buying like 350 from banks and black market

I tot we can just walk into the bank and get dollar for 288

Me no mind dat one at all at all

It can only get better!!!

tbaba1234:
This is expected.

There would be s spike especially with all the pent up demand, then a gradual fall... The changes will come as the days and months progress..

It promises to be an exciting few months...

rubbish.

The naira has been pegged at 285 by the CBN how do you expect it t drop?

Which sane business man will miss the oppurtunity to convert all his assets from naira to dollar now that the CBN has liberalized the forex policy?

They voted for change and they got it. It did not affect me alone but the zombies dat voted chanji.

BlackSeptember:
Apart from all these dogo turenchi does it mean that I will be buying things on Amazon at an exchange rate of 346 or 288


Buhari s the worst thing to have happened to Nigeria.


I stand naked and place a curse on that man that's ruining this economy cos of his pride and arrogance

Pissure of u going naked...or the curse will revert to u and PDP.

GworoChewinMaga:


rubbish.

The naira has been pegged at 285 by the CBN how do you expect it t drop?

Which sane business man will miss the oppurtunity to convert all his assets from naira to dollar now that the CBN has liberalized the forex policy?

There is no pegging... The new policy is designed to allow demand and supply fix the rates..

Why are people making so much noise. Its just for the 1st day nitori Olorun

SeverusSnape:
Buharinomics - The worst form of economic policy in the whole wide world.

Rule 1: Don't expect much from a dullard.

can't you just show little respect
1. He is your president
2. He is old enough to be your father, if not grand father
Don't be so disrespectful, moreover you voted for him

tbaba1234:


There is no pegging... The new policy is designed to allow demand and supply fix the rates..

The value of the naira was moved from 199 to 258 by the CBN at the begining of monday

what is it with you zombies? It's almost like your average zombie IQ is less than that of a field mouse.

latinoKingdom:
c[s]an't you just show little respect
1. He is your president
2. He is old enough to be your father, if not grand father
Don't be so disrespectful, moreover you voted for him[/s]

rubbish

NA SO MONEY DEY CHANGE........APCN FOR CHAIN......

Just watching 'em wit my 3D glasses...

Take us back to where you pick us from.

We where good then with dollars

E go better.

GworoChewinMaga:


rubbish

well you are too young to understand, still a baby in knowledge

GworoChewinMaga:


The value of the naira was moved from 199 to 258 by the CBN at the begining of monday

what is it with you zombies? It's almost like your average zombie IQ is less than that of a field mouse.

Do you know anything about economics or you are just here to argue blindly and call names?

Have you read the new exchange policy?

i just ordered online with a gtbank card and i was charged N340 / 1 USD .... thimkimg it will be even @ 300 or below

change is here . buhari promise do one dollar to one naira is here.God help us in dis country.

But why is the exchange rate still 197 on the website of the CBN?

This is ridiculous. What an Irony for a government that promised to make $1 = N1.
Initially I thought this new flexible market rate was only for banks, and doesn't affect the official CBN rate. Surprisingly, it does, as the dollar is now officially N280 and fluctuating, so could still rise for sometime as the market reacts before any decline is expected.

Now I'm forced to use the word "ZOMBIES" for the first time here: And the Zombies said this is not DEVALUATION of the Naira? When there is now officially no means one could get the dollar at N197?!!! PTA/BTA, Education, investments, medicals, etc will now all obtain the dollar at this new rate (N280/$ fluctuating) even if you apply from the APEX bank (CBN).

Well, we've not seen hardship yet. Most businesses were still being run at official CBN rates of N197 having met the criteria to obtain such. The Dangote refinery, and other good investments were to benefit from such. But with this new policy, everyone gets it at the prevailing market rate. Flight tickets (in Naira) have almost doubled, prospective students to international schools will now have to budget almost twice their previous expectations for flights, fees and allowances. I had really thought this policy was meant to control the parallel market while the CBN remains unaffected, since zombies have been claiming it wasn't devaluation. Let's see how this affects prices of goods and services in the country. This is really sad.

Pls ZOMBIES, stop deceiving yourselves in trying to defend or explain every rubbish that comes out of this APC led administration. At least be neutral in some matters and see how it affects everyone.

They don't put am for level wey common man no go understand again. So what u will be hearing now is dollar rose from 250 to 500 today, next day it will rise to 449. That starting point na just the confusion wey dey there. All na same.

Government of deceit,permutation and combination, instead of them to tell Nigerians the truth that ,1 dollar will be equal to 500 naira ,in the coming months as Dangote and business elite want it to be, they are playing mind games, I pity the zombies

LOL.

In just one day?

By December, $1 = 500/600 naira.

And when proper inflation hits - I won't be surprised when the people hit the road and start protesting.

Voodoo/paper economists will also join the protests...that's when shiit has hit the fan.

I expect these clowns to announce a new policy by latest August/September and peg the naira with something/somewhere. This lousy policy is not sustainable with the big hole the country is. It's just a trial and error method - to see where naira will settle at. No sane person would willingly float a currency as weak as that against the dollar. You're better off pegging it to the dollar.

Anyway, I think Adeosun needs to resign and jump off the sinking boat before she destroy's her career/CV. She's surrounded by dunderheads in a country where everything is done based on sentiments and where slaves love worshipping the slave masters, despite how inhumane the slave masters treat them.

When is dis man travelling again?

The more he travels, the more things tends to be stable.

Can u imagine?

Naija we are in it.

It lost N35 in less than 24hrs. Only God knows how much it will loose in a week.