barcanista:
This isn't a surprise to me... We have been shouting that the economy is falling apart and some people interpret it to be hate. As patriotic people, we must salvage the economy. The PDP is a bad market, and it is worse since the last 5 years,

Let's make the Change

Dude are you always like this? Are you this ignorant or purely daft? Did you ever pass basic economics in school?
Must you equate everything to politics and try to gain cheap points from such?


If this is how and what you understand by the dollar rise against naira then your economic clueless has no rival and it makes me wonder who truly should be called clueless all the names your laptop gang call the President.

If this is the altanative "Change" you lots are promising Nigerians, then Nigeria is in for a bigger mess

asiwajumi:
why u no go like it.yahoo Boy

firstolalekan:
YES OH!
GOOD DEVELOPMENT.
THANKS TO NGOZI AND JONATHAN
GEJ TILL 3030

barcanista:
This isn't a surprise to me... We have been shouting that the economy is falling apart and some people interpret it to be hate. As patriotic people, we must salvage the economy. The PDP is a bad market, and it is worse since the last 5 years,

Let's make the Change

eddiebruk:
I received WU Today via quickteller and got Credited @171 per dollar. It is good in a way tho, Nobody should quote me sha, More reason why you should embrace Foreign Investment, mostly in Real Estate

mastercee:
This is bad news for we importers

davide470:
Yeah, Oil prices below or at par with our benchmark, depleting of Excess Crude Account has started. Won't b surprised if it gets to 190 (-10.23% Ytd) before next year.

You look cute with your glasses on.

19naia:
Nigeria is over priced.. The average quality of living and services is lower than the the developed world but many prices are higher than developed world prices when it comes to developed world things..
This alone will always lead to the devaluation of the Naira. And other factors are related to the same theme of Inflation caused within Nigeria by people reaching to raise prices for profit at every chance they get.. Eventually it circulates through the nations economy until everything becomes higher priced and imbalanced to the world economy... Thats when the Dollar or pound adjust for equity...

The rise in price has to coincide with rise in real value/quality of the service and products.. If not, then its just wreckless inflation by people in a culture of profit gouging..

Housing in Lagos for homes that compare to international quality homes, cost more than in the USA.. The roads, general sanitation and utilities supplied to those homes is much lower than in USA.. The public services stability/reliability such as police, medical, roadway and traffic management, and so on, they are all unreliable and some are a liability such as police extorting money all the time...

The value of a currency will always be measured internationally and be weighed against how well the economy values the well being of the people who make the economy...
Either increase the quality of living and products/services or drop the price of every thing in the country until it is nominally equal to what would be paid in US dollars... The best thing is to forget the dollar and focus on equity among all people in the economy.. Better wages is a good start and then better public services will carry the good start forward...

Daniel058:
Not bad for Nigerians who receives in $,and never send..

Three7Ty9:
Oil prices will have to rise as high as $130/Barrel to get the Naira back on its feet. Else, we'd join Ghana in their quest for recovery.

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

fadario:


*dancing skelewu*...on how maye pay,na big doe.

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

mayorall:




Storage is the way. Nigeria shall be better

19naia:
Nigeria is over priced.. The average quality of living and services is lower than the the developed world but many prices are higher than developed world prices when it comes to developed world things..
This alone will always lead to the devaluation of the Naira. And other factors are related to the same theme of Inflation caused within Nigeria by people reaching to raise prices for profit at every chance they get.. Eventually it circulates through the nations economy until everything becomes higher priced and imbalanced to the world economy... Thats when the Dollar or pound adjust for equity...

The rise in price has to coincide with rise in real value/quality of the service and products.. If not, then its just wreckless inflation by people in a culture of profit gouging..

Housing in Lagos for homes that compare to international quality homes, cost more than in the USA.. The roads, general sanitation and utilities supplied to those homes is much lower than in USA.. The public services stability/reliability such as police, medical, roadway and traffic management, and so on, they are all unreliable and some are a liability such as police extorting money all the time...

The value of a currency will always be measured internationally and be weighed against how well the economy values the well being of the people who make the economy...
Either increase the quality of living and products/services or drop the price of every thing in the country until it is nominally equal to what would be paid in US dollars... The best thing is to forget the dollar and focus on equity among all people in the economy.. Better wages is a good start and then better public services will carry the good start forward...

datguru:


Yahoo ni . How that Wu to quickteller dey work?

tranxo:

Storage? How?

eddiebruk:


go to quickteller, make sure your bank supports WU receive money online, (i use GTBank) to go Receive money, select WU, Choose your bank, put your MTCN, Receiving bank account number and account name, expected amount, and text question. Sharply if your MTCN and account info is correct your get you cash in your account instantly.