I just cant believe this...

1 Ghanaian Cedi = 50.31 Nigerian Naira

hows that possible? Unless the Cedis depreciated.. cus our naira didn't appreciate in value
.
1 Nigerian naira = 0.01988 Ghanaiancedis

Source
I don't want to blame GEJ again......
If this is true, then the cluelessness of GEJ is wiser that the wisdom of PMB. Even the APC ewarriors are running out of excuses.
God save Nigeria

NEPA bill i mean Bs.c of sai baba is working wonders

So what, NOI already predicted it, Buhari is the best man to postpone the D-day and help strengthen the economy. Even the alleged 'best' Nigerian President ever had to concede defeat to avoid embarrassment.

Sibrah:
So what, NOI already predicted it, Buhari is the best man to postpone the D-day and help strengthen the economy. Even the alleged 'best' Nigerian President ever had to concede defeat to avoid embarrassment.

Truly the Zombies are wonderful species of human.

It is finished. We have left dollar, Euro and £ and have started pursuing Ghana cedes.

[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]

oyinkinola:
[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.
(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)
you have other opinion?[/b]

see what this one is saying

teamg:

see what this one is saying

...you have other opinion?

teamg:

see what this one is saying

I wonder... Did he think before writing this?

millhouse:
I wonder... Did he think before writing this?

...your better thinking pls!

My friend sent me 10k so I went to atm with my zenith card. So my balance reads 190 cedis. I try 190 nothing
160 nothing

One guy behind me starts acting like he's tired.. No wahala.. I tried 140.. Nothing
Na 120cedis come out.
As at the day in question o... So I called them so all the said was grammar n cbn rules bla bla bla... This is not fair seriously.. This politicians n their children r not facing this o.. My papa na just home boy way they hustle..

Codes151:
My friend sent me 10k so I went to atm with my zenith card. So my balance reads 190 cedis. I try 190 nothing
160 nothing

One guy behind me starts acting like he's tired.. No wahala.. I tried 140.. Nothing
Na 120cedis come out.
As at the day in question o... So I called them so all the said was grammar n cbn rules bla bla bla... This is not fair seriously.. This politicians n their children r not facing this o.. My papa na just home boy way they hustle..

Eiyahh sorry oo. It's well.

oyinkinola:
[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]

Am shocked at your analysis.

Now if we decide to build a factory with that returned loot and import every components from china (to manage cost). At what rate will we make purchases?

After we have finished spending the loot, what happeneds to the small naira we have for importation of parts to maintain presidential fleet?

Leaders of tomorrow indeed.

@codes. 2my. amazement. I. just got to Ghana few days ago. to. discover a naira to. cedi is now 90naira. wot a world.

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Codes151:
I just cant believe this...

Why is it hard to believe?... Is there any binding law that states the the cedi must not pass the naira?