Michael11stock:
And who told you that the money they are pumping is for free? They collect it back in Naira the money is still in the system. They only give banks Dollars and collect naira back from bank simple so they still have money to develop infrastructure ok

FortunefromGod:
$433 btc left

Singapore1:

you still dont get it ... so you think julius berger collect naira abi?

no be dollar we go use buy materials?

MackDavid:
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Michael11stock:
At least their are other contractors that collect naira we patronize made in Nigeria that is all to grow the Naira I know what the govt is doing don't worry

MackDavid:
SA..

TLisieux:
$500 skrill needed and $105 PayPal goods&services at a very good rate.

Singapore1:


you said whatsapp or quote..
i quote you, you no talk

which kind people person dey meet today sef

TLisieux:
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megatran:
Happy Sunday

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Singapore1:


1.5 billion x 450 = 675,000,000,000 ..

modath:


See economists!!

I dey see postulation for here & I dey almost feel like asking for DR's report to ascertain if all is well.

rad8:


of coz they can keep pumping in more dollars. foreign reserve is growing. price of crude oil/barrel is increasing. so is the production of oil. That's enof revenue to keep tinz running in d country and reduce pressure on the naira. if they keep up with this, I c price of things dropping.

Also to those hoarding btc, it won't reach 1300$/btc any soon, seems it is falling. now at $1246/btc.

As I said b4, I would b watching d resulting effects of the pumping and possible cash in on it

Singapore1:


as in, i just week for here ..

LeSammy:
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onatisi:

By the time everybody neck in Nigeria grow long like streetlights,everyone will start thinking straight and correctly

Singapore1:

as in, i just week for here ..

3RNEST:

u mean weak..?

DjSwaga:
U made alot of sense

But bros, it takes less than a month for dolar to go back to its high price even after ur 9 months of pumping money into forex to make d naira strong.

People that usually mop up d dollar supply are always waiting for d govt.

Well, what do i know sef, what concern my profession with dollar

I stand with a vibrant and sustainable nigerian economy and not just currency pseudo palliative measures

Singapore1:

yep

Singapore1:


yep

LordAdam16:


Seriously, there is a limit.

The price of crude oil has stabilized at the $50-60 band. No analyst worth his/her onions is predicting oil to break the $60 point until 2018.

Nigeria is already producing 2.1m barrels per day currently. Our major pipeline is yet to come onstream, but that wouldn't take that figure over 2.3m. Our best has always been 2.2m.

Nigeria is currently at near optimum earning capacity.

There's a limit to which this Osinbajo's madness can go before reserves start taking a hit.

As to the price of bitcoin. Let's all wait for March 11.

-Lord

3RNEST:

Noted... cont talking.