Am starting to think this downward spiral is going to be steady till it hits like 500 Naira . I say this because the refineries look like they are about to start working next week and so I think this dollar will never recover again. Is it time to cut the loss and dump it all at 1300 ?

No be around that N500 the present administration meet am before dem carry am go where E no know? Even if it gets to N500, APC hasn’t done anything because they met it at N199 in 2015.

Let them take it back to N199 that they met it & start working from there.

500 naira ke? I hope so. Let’s wait and see. The people hoarding the dollar (which includes the moguls that own these refineries) will still try to do their best to keep their hoarded greenback valuable. But I hope they fail. I still dey observe sa.

meum:
No be around that N500 the present administration meet am before dem carry am go where E no know? Even if it gets to N500, APC hasn’t done anything because they met it at N199 in 2015.

Let them take it back to N199 that they met it & start working from there.

Seeing your comment reminds me of a time when dollar was 120 naira. They should bring it back even lower to that rate. Will make sense.

nearline:
500 naira ke? I hope so. Let’s wait and see. The people hoarding the dollar (which includes the moguls that own these refineries) will still try to do their best to keep their hoarded greenback valuable. But I hope they fail. I still dey observe sa.

hmmm let’s observe. Everything is unstable at the moment

nearline:

Seeing your comment reminds me of a time when dollar was 120 naira. They should bring it back even lower to that rate. Will make sense.

they say at a point the Naira was stronger than the dollar. Would be nice if we can go back to that lol

sukkot:
they say at a point the Naira was stronger than the dollar. Would be nice if we can go back to that lol

Would be. I would really love to see that happen in my lifetime. The gradual fall of the west and the rise of BRICS should help with that too.

nearline:

Seeing your comment reminds me of a time when dollar was 120 naira. They should bring it back even lower to that rate. Will make sense.

With the present set of leaders that is impossible. There was a time one dollar exchanged for N21(in the year 1999). Who ever thought one dollar could exchange for over N1,000 not to talk of N1,400(coming down from N1,700)

Our leaders only think about the next election year. Presently what are they doing to make things work? Nothing. What are the doing in preparation towards 2027? A lot.

There was a time in this country one dollar was 55kobo(1980). That’s why when I see some people celebrating N1,400 exchange for $1, I smh. I keep saying it APC should take it back to N199 where they met it & start working from there.

meum:

With the present set of leaders that is impossible. There was a time one dollar exchanged for N21(in the year 1999). Who ever thought one dollar could exchange for over N1,000 not to talk of N1,400(coming down from N1,700)

Our leaders only think about the next election year. Presently what are they doing to make things work? Nothing. What are the doing in preparation towards 2027? A lot.

There was a time in this country one dollar was 55kobo(1980).

Unfortunately the money is all hey care about. But I’m hopeful. Just a little bit hopeful.