Youngzedd:



Where have you been?


I have been looking for ya like USA visa.

lol, I have been busy kind of, but I am back now!

Eghosa1:
Let's hope the CBN intervenes quickly.

CBN actually intervened last week but failed to make needed impact.

I think we should follow Ngo baby's advice: tighten ur belt and buy enough Garri unto "oto" level

surveyProf:


lol, I have been busy kind of, but I am back now!

Good to hear.

Hope you're doing good?

Some clueles ones with no knowledge about the present oil dive and how the money market operates will flood this thread and insult people.....

SERIOUSLY THIS NAIRA ISSUE IS REALLY GETTING OUTTA HAND... This nation is govern by insane rulers for insane objectives. When are we gnna wise up huh? Small time dem go carry one yeye funny statistics come sey Nigeria is so so..


Well 170 or higher... It swells my purse if the dollar keep gianting against naira.. .Our rulers never care.. why should this bother me...


Naira infact turn. 250..

sammycarz:
Dis is good news for yahoo boys

Personalise am. Lol.

We are dependent on oil.....we are a dutch diseased economy. That is why there have been problems with the Naira , especially sicne 1986...when the full effects of the 1982 oil price crash came into play.

The era of high oil prices is over. Time to follow China, Japan , Germany, South Korea and India down the road of Industrial Development. Time to say bye bye to oil subsidy, cheap fuel, cheap school fees, etc....because LADIES and GENTLEMEN....as I have been screaming here....the oil money IS NOT ENOUGH.

Oil is a curse.

Seye25:
why this time. i tried to send some cash to dubai and i was charged 175naira... e pain me

sorry ehn...........

Youngzedd:



Good to hear.

Hope you're doing good?

Yeah, we thank God!!!

Because of the new 100naira note from Jonathan

He must just go

MyMouth:
Outcome from 16 years of misrule by PDP

too late to cry.. all that is left is to take back what is ours.. kill our leaders and their offsprings, crucify religious leaders who blinded us to the truth and lastly.. give up ourselves to poor area boys for continuous beating since all we do is type on nairaland and never protest like we plan to do

THE ONLY PRAYER I CAN MAKE NOW IS GOD TOUCH THE HEART OF OUR LEADERS..................180 is damn too high !!!.....IT IS WELL....

because we like to consume, self-centered n lazy, because we like to import everything incluing toothpick n pants. because we all dependent on oil. because we dwell n flex muscle on frivolities.

Nigerians make we arise for change!

If you are a student, undergrauate visit www..com/resources for success secrets n tips that will turn ur grades around.

davide470 have you seen this?

THAT IS CALLED TRANSFORMATION AGENDA!

Smh

[quote author=UkwuNnu post=27985093]This is simple economics matrices. We are in a season when importation is at its peak and more people are going into importation business, this does not help our foreign exchange, its simple demand and supply from basic economics coupled with the oil price dive

Shouting government this and that when we react to banning of some imported products.

Consume made in NIGERIA Products!!! [/qu

Wait let me consult the oracle

@OP, I'm not in d right position to answer that, maybe we should as Emefiele or what's his name?

MZdamola:
Cos its bound to happen... why ask us?

sister, are u realy this dumb?

Chaii.. see as nairalanders dey halla. ..Shey them sey the Love of money is the root to what sef? ..abeg make we jees keep instituting a call for change ...w

Ask Oga Jona and Madam Ngozi

EagleNest:
There was a currency... History of Naira/Dollar exchange at a glance

Date Naira per US $
1972 0.658
1973 0.658
1974 0.63
1975 0.616
1976 0.62
1977 0.647
1978 0.606
1979 0.596
1980 0.550 (0.900 PM)
1981 0.61
1982 0.673
1983 0.724
1984 0.765
1985 0.894 (1.70 PM)
1986 2.02 (3.90 PM)
1987 4.02 (5.90 PM)
1988 4.54 (6.70 PM)
1989 7.39 (10.70 PM)
1990 7.39 (10.70 PM)
1991 8.04 (9.30 PM)
1992 9.91
1993 17.30 (21.90 PM)
1994 22.33 (56.80 PM)
1995 21.89 (71.70 PM)
1996 21.89 (84.58 PM)
1997 21.89 (84.58 PM)
1998 21.89 (84.70 PM)
1999 21.89 (88-90 PM)
2000 85.98 (105.00 PM)
2001 99-106 (104-122 PM)
2002 109-113 (122-140 PM)
2003 114-127 (135-137 PM)
2004 127-130 (137-144 PM)
2005 132-136
2006 128.50-131.80
2007 120-125
2008 115.50-120
2009 145-171
2010 148.21-154.8
2011 151.05-165.1
2012 155.09-161.5
2013 153.21-162.9

From: http://en.wikipedia.org/wiki/Nigerian_naira

Nigeria lost its power over dollar in 1986 when Babangida was head

If an ordinary ape could make the price of dollar drop from 136 - 120 (2005-008) I expect more from a zoologist buh instead he just made the look smartr than humans

papiforreal:

sister, are u realy this dumb?

Dumbness isnt bad to posses...

GEJ knows nothing about governance.
i cant wait to have february 14.

even if he begs and crys on his 2 knees, he wont get my vote.
shameless animal

Oyeneku3:
Phools..
And they come online screaming " GEJ till eternity "...
Gullible idiats..

NwaNimo1:
Its all good - oil is sold in dollars so it benefits the FG.

What if one naira was worth 50 dollars?

Unibenstudent:
How can someone in his right mind vote Gej again

Consider this not a defence of PDP.

Yes, we must vote PDP out. But the APC, or indeed any of the opposition parties are just as bad ''economically speaking''. Let me explain.

APC has no plan to get Nigeria off its dependency on oil ....which is the real reason why we have troubles with our naira.If we had had an industrial economy, exporting goods to Africa and Asia and even Europe (Inida sells Tata cars worldwide)....we would have had a strong industrial economy.....and a strong currency.

(Note that I do not mention agric. That is resource dependency under another name. Many African countries that produce cotton are in serious trobule because of falling cotton prices. Ditto for metals....ask Zambia).

APC and PDP are both clueless about the economy and how it should be run. Both of them don't want to make the hard choices needed to make the economy run well. Likewise, many of you Nigerians blame the problem on ''corruption'' (true)....but the big issue is that the pot they are stealing from is not big enough.

Oil rich countries that do well have small populations and/or diversified economies. I notice a lot of you Nigerian admire Libya under Ghaddafi. Libya had/has a population under 6million....and produces far more oil than Nigeria. Libya had so much cash that the Gaddafi family and the elite could siphon off cash....and there would still be surplus for the people. But Libya fell to the West in battle because that oil they loved was used to import weapons from the same West....which proved to be their downfall.

What I want you Nigerians is to stop saying GEJ is bad, or APC are cankers. Ask both parties, at all levels....do they have an immediate plan for our industrialisation. Because what is happening now is an instant replay of 1982....and back then, we still had a somewhat diversifed economy. Now we do not. And unless you Nigerians stop thinking that we have more than enough oil money to play around with....and vote for leaders, regardless of party, with that mindset....that we are not a rich nation, and riches come with work....then we will move out of our oil dependency and into a glorious future.

Nigerians what will it be? The choice in 2015 really is not between PDP and APC....RATHER....it is a choice every Nigerian must make....will we forever pretend that we are rich....or accept that we are poor and start using what we have to make ourselves rich?

Oil is a curse.

datguru:
I like it

why u no go like it.yahoo Boy

Because the demand for the Nigerian naira is low in the foreign exchange market
BTW,u can as well ask oga Jona and sister Ngor