mrborntodoit:


You don see N1m in bulk before ?

Truckpusher:
O yeah! I can see that the paid iidiot has already hired some hungry jobless youths to do his dirty job.
Cramjones, please ask your hungry rats to go back to school.

Bevista:
The man has not even been sworn in, yet there are positive economic news everywhere.

He has not instituted a single economic policy yet talkless of implementation and yet the financial system is already responding favourably to his emergence.

In other news it is reported that foreign investors who have never considered Nigeria for their investment are already lining up to come. When asked why the sudden interest, one of them said 'because we know we don't have to bribe anybody now'.

Truckpusher:
Quote me again once your stinky mouth is off Cramjones's asss.


coccksucker.

barcanista:
Oga I respect you too but you should rather look into my points. You may disagree with me but it shouldn't lead to personal attacks.

abduljabbar4:

I have 2.3m in my bank account.
Waraboutyou? I you can't prove your allegations just shut up. Provide the audio or video. The guy is waiting

abduljabbar4:

The points are pointless. Sorry if that offends you

mrborntodoit:


Poor man like you, people wey get money no dey make mouth . But I got news for you, my accounts are never on a stable figure, even while I'm asleep,they are being credited in Euros

Your N2.3m no reach the amount I spend each time I come holiday for Naija .

Abeg carry your suffer head go one side

barcanista:
Your Opinion bros...which I so respect though warped!

cramjones:
When the head is rotten, even a man without a nose will perceive its stench. CHANGE has indeed come to Nigeria. My pity lies with those who still believe that stealing is not corruption!

-CramJones

mrborntodoit:


Poor man like you, people wey get money no dey make mouth . But I got news for you, my accounts are never on a stable figure, even while I'm asleep,they are being credited in Euros

Your N2.3m no reach the amount I spend each time I come holiday for Naija .

Abeg carry your suffer head go one side

abduljabbar4:

See what comes out from an average nairalander. Yes you are richer but your question was "have I ever seen 1 million in bulk?" Please let's not. Off topic. Provide the video or audio or shut up. You may be lucky to win that 1 million

Bevista:
The man has not even been sworn in, yet there are positive economic news everywhere.

He has not instituted a single economic policy yet talkless of implementation and yet the financial system is already responding favourably to his emergence.

In other news it is reported that foreign investors who have never considered Nigeria for their investment are already lining up to come. When asked why the sudden interest, one of them said 'because we know we don't have to bribe anybody now'.

Adesiji77:
The peaceful outcome of the recently concluded presidential election has seen massive offloading of the United States dollars at the parallel segment of the forex market since Monday.

This has also seen a significant appreciation of the naira at that segment of the market as politicians, investors and other currency users in the country who hitherto were storing the greenback for fear of post-election violence have been flooding the market with the greenback.

Specifically, the naira which had been hovering between N215 and N222 to a dollar since this year closed at N200 to a dollar on Friday. However, at the interbank market, the naira has remained at N197 to a dollar

"The dollar supply in the market presently is more than the supply and that is why we are seeing the current level of appreciation in the parallel market,"
Alhaji Yusuff Ganiyu, who trades in foreign currency in Marina, Lagos, said.

Currency analyst at Ecobank Nigeria, Mr. Kunle Ezun told THISDAY that the outcome of the presidential election was in line with analysts’ projections.
“The emergence of Buhari connotes positive market sentiment. A lot of people thought there would be post-election violence, but that phone call from President Jonathan completely changed the perception about Nigeria in the international market.

“Also, because of the fact that a lot of people anticipated that the dollar might fall, they are selling dollars and this is one of the reasons the naira is appreciating in the black market,” he explained.

The naira had slumped 18 per cent against the dollar as oil prices collapsed by almost half since June. This had prompted Central Bank of Nigeria (CBN) to lower banks’ trading limits and introduce a new dealing system in February that prevents lenders from buying dollars on the interbank market without matching orders from customers needing to import goods.

“One of the first big challenges the new government is going to have to face is what on earth to do with the naira,” Samuel Vecht, who oversees $2.7 billion in five emerging-frontier-market funds at BlackRock told Bloomberg recently.
“Steps have to be taken to ensure reserves don’t keep falling.”

Analysts at Renaissance Capital Limited specifically noted that the collaboration would ensure that corruption, wastage and revenue leakages, among others, are tackled.

The report added: “Overall, our views are mixed on the implications of a Buhari victory for Nigerian banks. Investors see the asset quality risks but given where valuations are, they have been waiting for three things to justify a re-entry: a recovery in oil prices; fairer valuation of the naira, and some level of comfort on the political environment. Oil prices have recovered somewhat from their 2015 lows but remain a wild card."

Buhari’s win over President Jonathan marked Nigeria’s first democratic transition of power from one party to another since independence from Britain in 1960.

The naira’s current interbank value is appropriate and the discrepancy between that and the parallel rate isn’t an indication that it’s under pressure, the CBN Governor, Godwin Emefiele had said at the last Monetary Policy Committee meeting between March 23 and 24.

http://www.thisdaylive.com/articles/offloading-of-dollars-triggers-massive-naira-appreciation-at-parallel-market/205927/

lalasticlala

barcanista:
Bros, that was harsh... As God don bless you, God sef go bless am like you and everyone of us. He go also increase you in wealth and stature but make you no de call person poor man. Abeg o

mrborntodoit:


Poor people like you always think they have an opinion. Did I quote you first ?

You write like a mentally deranged suffer head . I doubt you even have N500,000 in your account .

abduljabbar4:

I don't have anything. Video or audio please. And spare the insult cos I can be very dangerous. Ask your brother severusnape. I'm waiting

mrborntodoit:


If you dangerous,na for your pocket be dat ! You are even lucky I'm responding to an !mbecile like you .

abduljabbar4:

Monkey. Poor goat. You are behaving like one mbere that I know. She doesn't know anything and she is a prostitute. Who knows if she is your mother. She is also a popular p0rnstar. Idi0t. Let me hear you shouting Buhari said he will stabilize oil price or make #1 = $1 again. You can't provide proof but you know how to make noise. Internet millionaire

mrborntodoit:
People had to change their Naira into dollars before the election incase dog and baboon get soaked in blood,but APC had to campaign with it.

Any reasonable and educated person can figure it out without much hassle .

I wish Buhari Goodluck in stabilizing world oil price and also making Naira rise to $1 to N1 .

mrborntodoit:


I agree with you , but the dude asked for it ! Meanwhile,I hope you are enjoying your Easter .

mrborntodoit:


Lol, is that how dangerous you can get ?

I laugh at your extreme stupidity . An Attention seeking double standard second-handed bas!t!ard like you should be locked up in a cage and the keys thrown into the lagoon .

mentain:
wind of change started blowing already.
Glory be to. God[b]wind of change started blowing already.
Glory be to. God[/b]wind of change started blowing already.
Glory be to. God

barcanista:
fine my bros... And yours?

mrborntodoit:


We thank God my brother ! Remain cursed because you are already cursed !!

cramjones:
When the head is rotten, even a man without a nose will perceive its stench. CHANGE has indeed come to Nigeria. My pity lies with those who still believe that stealing is not corruption!

-CramJones

EcoTerror:
I thought you opened a thread that you will be retiring this your moniker, you are the most despicable rat on NL. You always try to remain in the limelight whereas you are fading daily.

abduljabbar4:

Am I an animal like you who lives in a zoo? Those weren't insults. Those where facts about you. Provide link to the video or audio you cannot but you know how to disturb. No wonder Barcasomething is your friend. You keep making noise and at the end you get embarrassed. Jona will win south-somewhere jona will win south-somewhere at the end he started begging people to forgive him. Now after making noise you can't provide proof.

babestella:


Very correct, the bunch of illiterates we have in Nigeria will never know reason why the exchange rate went up sharply. Sadly it was in APC's campaign point that dollar went up because of GEJ policies.