ferking:
God bless Nigeria,these is good news oh,i pray for naira to gain strength and for our economy to be stronger above every other economy because we are really suffering oh.God help our government abeg.

uchealo:
190 or 150 will be a good stand of naira to a dollar, if we could get even 100 I will still be happy.

Josephamstrong1:

Just watching...

BabaCommander:


Get where? You think FG can sustain the intervention? Truth is that they can't folks are doing panic selling that's the reason for the steady fall.

Boss13:


This is possible and like I previously stated - N150/$ is the real value of the naira. That is the value that will make Nigerian product, especially crude oil, very expensive to buy. At that value, foreigners will begin to make economic decisions except the Nigerian product is a necessity.

But do we have what it takes to get it to N150 - NO. It requires that our balance of trade with many countries exceed what they offer us. It means we are working and producing very hard. In my opinion, I think it's disgusting that we consider ourselves as giant of Africa, yet we can sell our products to other Africa countries

dayus444:
Well, time will tell if this can be sustained. I hope the naira will not make another monumental fall soon.

NubiLove:
That is the whole idea of the new policy... to force the dollar hoarders (and round trippers) to release their dollars into the market... as long as exports sales don't plummet below current levels, FG should be able to sustain this intervention.

HungerBAD:
Good.

We predicted it, and i will repeat it again here. Things will get tough/hard first before becoming better. The good days are starting to come back to Nigeria.

Those praying for the downfall of Nigeria, should move to Niger Republic.

Gradually we will get there.

BabaCommander:
Well just watch as importaction will start in a fury. I have already been booked to help pay for some goods weLloyd over $100,000 for just one person, do you know how many big time importers will millions of dollars are cashing in on this?

NubiLove:
Yes... it is likely to happen but FG may counter it by increasing custom import duty on some items to discourage indiscriminate importation and you know the restriction on banks' visa and mastercard still holds (GTB, UBA and Access are still the only banks allowing dollar transactions on Naira cards).

And FG could likely place outright ban on some items to prevent this.

BabaCommander:
Okay. Let's wait and see. But as someone who's into the import game, I know folks will be going for revenge to recover perceived loses. Let's just wait and see what happens in 3 months time.

HungerBAD:
Good.

We predicted it, and i will repeat it again here. Things will get tough/hard first before becoming better. The good days are starting to come back to Nigeria.

Those praying for the downfall of Nigeria, should move to Niger Republic.

Gradually we will get there.

Clone2020:
If you are in the US or have relatives in the US trying to send money to naija, I will exchange the funds at 400/$, simply deposit into my US bank account and receive instant funding into your Nigerian account. Don't bother with western Union and co, they exchange at 375/$ with fees and the exchange rate drops to around 345/$.

See my contact below.

Adesiji77:

https://www.thisdaylive.com/index.php/2017/02/28/naira-strengthens-to-n435-on-cbn-dollar-glut/ lalasticlala, Mynd44, dominique

donsteady:


please check your whatsapp

MrKM:
donsteady, kindly send me email on faithkuf@yahoo.com

amanikondo:
Nothing new. It won't last.

OAKSFIVEFARMS:
A lot of money is going out of the economy because of tourism and that money is not coming back, imagine how many students we have abroad, all of them paying exorbitant school fees, multiply that and you realize that is a great avenue for capital flight, a lot of Nigerians go for medical tourism, that is another avenue where money leaves our economy, vacations etc. While this money is leaving, there is no commensurate return. How many international students come to study in Nigeria, despite that, the rates we charge for school fees from them is much smaller than the rates Nigerians pay overseas. How many people are coming into Nigeria to get treated for ailments in our hospitals. So you have almost no money coming in at the rate it's going out. We depend on outsiders for everything, exchanging our hard earned naira for foreign dollars in order to be able to import all these things. This recipe spells disaster for our country, because no matter how much money you have, as long as you are spending more than you are receiving, you will go broke one day. So far, our leaders, in beimg disconnected from the masses and reality, are not guarding against these. Pray, Nigeria must wake up before that day where we wake up one morning and find out we are finally broke.

k199192:
oga if you don't have something nice to say, don't say anything... So if I want a better education for myself I should not go and get it because you think it's going to impoverish Nigeria... Dumb argument... Mind you so many nationalities leave their various countries to get better education somewhere else and you wonder why nobody comes to Nigeria... The best university in Africa is not even in Nigeria... It's in Ghana... Think before you come to public and expose your ignorance...

OAKSFIVEFARMS:

I haven't said nobody should travel, neither have i said nobody should import. I have only highlighted the reasons why dollars are so expensive. Saying I'm ignorant means you think you are oh so smart. Use your smartness wisely, resist the urge to insult people who have differing views, especially if you don't have a point, it reeks of terrible upbringing.

OAKSFIVEFARMS:

I haven't said nobody should travel, neither have i said nobody should import. I have only highlighted the reasons why dollars are so expensive. Saying I'm ignorant means you think you are oh so smart. Use your smartness wisely, resist the urge to insult people who have differing views, especially if you don't have a point, it reeks of terrible upbringing.

abbeyty:


Brother your got valid point, just ignore that one who could not comprehend a post that is less than 100 words

k199192:
I still think your reasons are not relevant... Even America imports from China. Even UK imports from China... It doesn't weaken their currency.. What the Naira needs is less corrupt politicians and civil servants... Imagine where a person steals and houses 9.8million dollars "cash" .. Don't you think that amount of money if injected into the Nigerian economy would make the Naira stronger, that's if it used with zero corruption? I am not trying to be smart... Forgive my choice of words too it's just that you talking about restricting education to one's home country is sickening... Better Education should be encouraged.. Because it's from getting a better education that Nigeria stands a chance to be better... Emir Sanusi is celebrated today because of his learning, Okonjo as well and this new UN deputy Secretary, Amina and so many countless Nigerians.... If one can afford a foreign education I don't think it's luxury, it's a necessity. Please don't make such arguments again... It's your opinion though... And your mouth and your mb. Once again.. I apologize for using those words initially...

k199192:
don't you think it's good news... Above every other thing... It's a good news.. If the dollar can miraculously get back to 250naira or even 200naira don't you stand to gain more... Don't be blinded by hate...

adblack10:
u c ur life

wickyyolo:
Buhari knew this but didnt allow this policy to go on, instead he left his cabal to buy dollars at N3= $1.

I dont want Buhari to die. He should just extend his vacation until 2019.