doyinisaac:
Hope you have stopped looking for evidence that dollars is now below that price with a difference of more than 60 naira....

agarawu23:
lol
I was shocked today when the price keep falling.

My prayer be say make the black market rate low like (170#)pass bank rate so that we can steal back from those banks with western Union which will ofcus change at the rate of (197#) CBN rate.

isacolukay:


Agarawu23, why hath thou forsaken me?

isacolukay:

Agaraw u23, why hath thou forsaken me?

stagger:


Mr man hold on to your dollars. It is at 220 right now. In the forex market, this is what is known as choppiness. Eventually, the rate will find a level to stabilize and you will be able to sell at a good rate. The fundamentals of the Naira have not changed. The wide variation on a day to day basis is speculation.

meetmal03:

Whatsapp me lets chat
Got paypal +447423097893

topsquino:


Stagger, thanks. All these guys think everybody is desperate to sell dollars. The minimum monthly income I make freelancing alone is more than a thousand dollars. Thank God easter is around the corner

AbuMaryam1:
$ is trading @ 330, Abuja, Lagos and Kano.

topsquino:


Stagger, thanks. All these guys think everybody is desperate to sell dollars. The minimum monthly income I make freelancing alone is more than a thousand dollars. Thank God easter is around the corner

stagger:


No shakes. Our problem in this part of the world is we do not read. We don't look at other examples of currencies that have undergone crisis to know what happened. The Swiss National Bank swore to defend the minimum Euro to Swiss Franc exchange rate of 1.2000 which they fixed in September 2011 with all their resources. The fundamentals of the currency kept pushing against that peg until January last year when the SNB threw in the towel.

The only explanation for the gain in the Naira is that someone somewhere must have pumped billions of dollars into circulation. Don't forget that a certain Dr Aluko had on Channels TV, accused Ifeanyi Ubah of giving Gov Fayose 2 million dollars for electioneering, which Dr Ubah denied. The man has access to a foreign exchange cache. Many politicians have millions of dollars stored in their homes. You need to go to Transcorp Casino in Abuja to see how foreign currency changes hands in the gambling tables.

All that is needed is for these guys to come together to dump dollars in the market. Many of these guys got the dollars not by earning it but by stealing public funds. Dr Ubah by the international nature of his business has legal access to dollars. Dump all these dollars through a few BDCs and other means into the market and the supply will be so much that the value will drop.

However, has that changed the underlying fundamentals? It has not. School fees season will soon come. So will travel season for summer and all what not. You will see these same billionaires buying back the dollar at present rates and once they have succeeded in mopping it all up, the scarcity will return and a new speculative run on the Naira will start.

Once enough pressure has been exerted to the level where the CBN will keep depleting the foreign reserves, something will have to give. Nigeria is on the receiving end. Why is Buhari going to China to negotiate loans? This is because the World Bank and IMF will not give him a dime without devaluing the currency. It has always been the game plan to keep us subservient to these institutions and by continuously being an import-dependent nation filled with looters of the treasury, we will not come out of this mess.

The only way to shore up the value of the Naira is to shun these foreign goods and buy made-in-Nigeria products, and also to start producing for export. At best, it will take at least 4 years to start seeing the effects. These things do not occur overnight.

oevenme:
Happy mood Don come again, thank God for the hard time that passed away.

stagger:


No shakes. Our problem in this part of the world is we do not read. We don't look at other examples of currencies that have undergone crisis to know what happened. The Swiss National Bank swore to defend the minimum Euro to Swiss Franc exchange rate of 1.2000 which they fixed in September 2011 with all their resources. The fundamentals of the currency kept pushing against that peg until January last year when the SNB threw in the towel.

The only explanation for the gain in the Naira is that someone somewhere must have pumped billions of dollars into circulation. Don't forget that a certain Dr Aluko had on Channels TV, accused Ifeanyi Ubah of giving Gov Fayose 2 million dollars for electioneering, which Dr Ubah denied. The man has access to a foreign exchange cache. Many politicians have millions of dollars stored in their homes. You need to go to Transcorp Casino in Abuja to see how foreign currency changes hands in the gambling tables.

All that is needed is for these guys to come together to dump dollars in the market. Many of these guys got the dollars not by earning it but by stealing public funds. Dr Ubah by the international nature of his business has legal access to dollars. Dump all these dollars through a few BDCs and other means into the market and the supply will be so much that the value will drop.

However, has that changed the underlying fundamentals? It has not. School fees season will soon come. So will travel season for summer and all what not. You will see these same billionaires buying back the dollar at present rates and once they have succeeded in mopping it all up, the scarcity will return and a new speculative run on the Naira will start.

Once enough pressure has been exerted to the level where the CBN will keep depleting the foreign reserves, something will have to give. Nigeria is on the receiving end. Why is Buhari going to China to negotiate loans? This is because the World Bank and IMF will not give him a dime without devaluing the currency. It has always been the game plan to keep us subservient to these institutions and by continuously being an import-dependent nation filled with looters of the treasury, we will not come out of this mess.

The only way to shore up the value of the Naira is to shun these foreign goods and buy made-in-Nigeria products, and also to start producing for export. At best, it will take at least 4 years to start seeing the effects. These things do not occur overnight.

SGCSolutions:
BACK TO BUY!!!!!

WILL BUY YOUR USD FOR 220 225/$

BETTER STILL YOU CAN SEND IN USD AND I ACCEPT IN GBP AND PAY 370 385/£

$100 = £69 (PAYPAL CURRENT RATE OF $1=£0.69)

$100 X 225 = 22500
£69 X 385 = 26565

WHICH IS BETTER?? YOU DECIDE!!

kzeebaba:
220

justi4jesu:



You try

makzeze:
Who has 10000 USdollar for sale. I am ready to buy at 190.

makzeze:
Who has 10000 USdollar for sale. I am ready to buy at 190.

stagger:


No shakes. Our problem in this part of the world is we do not read. We don't look at other examples of currencies that have undergone crisis to know what happened. The Swiss National Bank swore to defend the minimum Euro to Swiss Franc exchange rate of 1.2000 which they fixed in September 2011 with all their resources. The fundamentals of the currency kept pushing against that peg until January last year when the SNB threw in the towel.

The only explanation for the gain in the Naira is that someone somewhere must have pumped billions of dollars into circulation. Don't forget that a certain Dr Aluko had on Channels TV, accused Ifeanyi Ubah of giving Gov Fayose 2 million dollars for electioneering, which Dr Ubah denied. The man has access to a foreign exchange cache. Many politicians have millions of dollars stored in their homes. You need to go to Transcorp Casino in Abuja to see how foreign currency changes hands in the gambling tables.

All that is needed is for these guys to come together to dump dollars in the market. Many of these guys got the dollars not by earning it but by stealing public funds. Dr Ubah by the international nature of his business has legal access to dollars. Dump all these dollars through a few BDCs and other means into the market and the supply will be so much that the value will drop.

However, has that changed the underlying fundamentals? It has not. School fees season will soon come. So will travel season for summer and all what not. You will see these same billionaires buying back the dollar at present rates and once they have succeeded in mopping it all up, the scarcity will return and a new speculative run on the Naira will start.

Once enough pressure has been exerted to the level where the CBN will keep depleting the foreign reserves, something will have to give. Nigeria is on the receiving end. Why is Buhari going to China to negotiate loans? This is because the World Bank and IMF will not give him a dime without devaluing the currency. It has always been the game plan to keep us subservient to these institutions and by continuously being an import-dependent nation filled with looters of the treasury, we will not come out of this mess.

The only way to shore up the value of the Naira is to shun these foreign goods and buy made-in-Nigeria products, and also to start producing for export. At best, it will take at least 4 years to start seeing the effects. These things do not occur overnight.