Infinitikoncept:

Bros all dox points are prediction. Tell me did you predict USD will grow wings to this price when you were chanting change or PMS would grow scarce like gold or PMB will be a junketeer in chief collecting the same scarce USD as estacodes. Tell me the price range of devaluation from 2010-2015 and compare to the last seven months range of unannounced devaluation. If GEJ and NOI actually agreed to the reality on ground the last devaluation should have made the naira trade at #260 normally on the parallel market but they just can't allow Nigerians face the bitter truth so the foreign reserve was used to augment the weakness. Since all Dix CBN boycott started has our foreign reserves increased in the last seven months? Have they caught one high profile politician laundering money since then because that was their claim for reduction in daily withdrawal,spending, BTA and PTA. I'm sure a man was honourable enough to say the truth while another promised #1=1$ just to deceive gullible Nigerians. We are here today and banks rate are worse than GEJ black market rate. So keep those predictions as if they are correct cox u just can't predict the future boss

blym4real:

Am disappointed in this comment.

damola1:


You sound so knowledgeable here. But you went ballistic when you were supposed to state service delivered even though I never questioned your integrity to avoid future chargebacks.

I have been using pp for over 10years, and it's a sensitive currency to trade in. At this time, there will be loads of Ebola pp.

mavinc4u:

how long you have been on paypal does not matter. what she said is the honest truth

Infinitikoncept:

Nigerians don't wanna see the truth from day one. We have voted out cluelessness yet we are worse than cluelessness regime. Somebody is now quoting if it was GEJ that was there it would have been worse yet the guy spent five years exchange rate wasn't this bad from banks. Leave GEJ in the past where he rightly belongs and face the man in the present. Or is 7 months a waste? Still waiting to see the body language

Ymodulus: My brother, I am a stunt supporter of Buhari but I have to say if these is how we will go on during these era of so called corruption fight. Then please I want to go back to the Corruption era of Jonathan

Infinitikoncept:

Nigerians don't wanna see the truth from day one. We have voted out cluelessness yet we are worse than cluelessness regime. Somebody is now quoting if it was GEJ that was there it would have been worse yet the guy spent five years exchange rate wasn't this bad from banks. Leave GEJ in the past where he rightly belongs and face the man in the present. Or is 7 months a waste? Still waiting to see the body language

pretts:
Yes I agree with those who say it would have been worse if GEJ had been elected for another 4 years. The only reason exchange rate was stable for a long time during the "cluelessness regime " like you called it was because the price of Brent crude was at its peak, the highest it ever was in history. As a result, the inflow of forex into the country was unprecedented, and because we all forgot that all good things must come to an end, the looting spree continued unabated. All we are facing right now is because Brent crude is below the $40/barrel mark and we have no savings from all the years of the huge windfall, unfortunately when Iraq & Iran increases production next year, I'm not sure how economies like ours will cope with our absolute dependence on crude exports. Regardless of what's currently going on, I'm not sure if it's right for anyone to be openly supporting going back to the era of so much corruption and waste of resources that we have just come out of...but what do I know, this is Nigeria where we like to take a step forward and 10 steps backward.

Ymodulus:


The problem is that why we are forced to use made in Nigeria goods.
.the government and rich elites won't follow that line.

BreezyRita:

blym4real:
get a visa prepaid card denominated in dollar,euro or pound and find a way to fund it electronically and not in the bank if you know how it done.

mavinc4u:


how long you have been on paypal does not matter. what she said is the honest truth

Ymodulus:


I understand you. However, getting to open one is the problem.

Some Russian merchants offer such service but , the verification for Nigeria is just much. Do you mind sharing some names?

9free:


My happiness is that Buhari/Nigeria will shame all you voodoo economists in the fullness of time.

Ymodulus:


I understand you. However, getting to open one is the problem.

Some Russian merchants offer such service but , the verification for Nigeria is just much. Do you mind sharing some names?

honourableseyi:




I sent a pm to you mam. Kindly reply it.

pretts:
Yes I agree with those who say it would have been worse if GEJ had been elected for another 4 years. The only reason exchange rate was stable for a long time during the "cluelessness regime " like you called it was because the price of Brent crude was at its peak, the highest it ever was in history. As a result, the inflow of forex into the country was unprecedented, and because we all forgot that all good things must come to an end, the looting spree continued unabated. All we are facing right now is because Brent crude is below the $40/barrel mark and we have no savings from all the years of the huge windfall, unfortunately when Iraq & Iran increases production next year, I'm not sure how economies like ours will cope with our absolute dependence on crude exports. Regardless of what's currently going on, I'm not sure if it's right for anyone to be openly supporting going back to the era of so much corruption and waste of resources that we have just come out of...but what do I know, this is Nigeria where we like to take a step forward and 10 steps backward.

lordkay10:

God bless you for this post, I dunno why people will see the truth but will still argue blindly, the main index to use in comparing both administrations should be based on the prevailing price of crude which to a large extent determines what is our foreign reserves and by extension, the exchange rate, QED!

mavinc4u:


My internet is fluctuating with the exchange rate so the pm has not dropped. What is the nature of the business?

kaboninc:


No brother.....

You should not that these so called indexes are volatile - they respond to variables. Its so possible that all through the tenure of President Buhari, the price of crude oil might never go above the $100 benchmark. But the reserves could also expand beyond our record value and also strengthen the naira improving our exchange rate.

What you should consider rather should be GDP growth rate, development index, inflation rate, interest rates, access to finance, standard of living, unemployment rate, etc.

All these hand out analyst.

pretts:
Yes I agree with those who say it would have been worse if GEJ had been elected for another 4 years. The only reason exchange rate was stable for a long time during the "cluelessness regime " like you called it was because the price of Brent crude was at its peak, the highest it ever was in history. As a result, the inflow of forex into the country was unprecedented, and because we all forgot that all good things must come to an end, the looting spree continued unabated. All we are facing right now is because Brent crude is below the $40/barrel mark and we have no savings from all the years of the huge windfall, unfortunately when Iraq & Iran increases production next year, I'm not sure how economies like ours will cope with our absolute dependence on crude exports. Regardless of what's currently going on, I'm not sure if it's right for anyone to be openly supporting going back to the era of so much corruption and waste of resources that we have just come out of...but what do I know, this is Nigeria where we like to take a step forward and 10 steps backward.

Konnektions146:


Oh !,
Just wish you are close to me and take a good hug.

Ymodulus:


I understand you. However, getting to open one is the problem.

Some Russian merchants offer such service but , the verification for Nigeria is just much. Do you mind sharing some names?

lordkay10:

I get your point but I'm not talking about a broad perspective, I'm only talking about the main index that influences the exchange rate, those other indices you rightly mentioned comes to fore when you are doing comparison on a broader perspective

blym4real:

pm you.