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Nairaland Forum / Nairaland / General / Business / ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ (5348022 Views)
Black Market Deals / Central Bank Injects $210 Million Into Currency Market / E-currency Market For Port Harcourt Residents Only!! (2) (3) (4)
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Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by 3RNEST(m): 1:38pm On Mar 23, 2017 |
Bitcoin needed Call/WhatsApp me below |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by puskin: 1:40pm On Mar 23, 2017 |
LordAdam16: Is it not floating that was done that brought it to 520/USD then.......and was still showing signs of depreciating further. U think floating a currency during recession, reduced oil exports, reduced oil prices and with our corrupt minds is the best way for the NGN. Forget IMF, World Bank & Textbook lingua........those things don't apply to Nigerian economy. 7 Likes |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by Nobody: 1:43pm On Mar 23, 2017 |
Swegzfreak:You're welcome Sir. |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by creativeness: 1:44pm On Mar 23, 2017 |
$1500 btc needed |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by kazeemmuka(m): 1:44pm On Mar 23, 2017 |
kazeemmuka:$80 sold. $4 remaining. |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by LordAdam16: 1:46pm On Mar 23, 2017 |
puskin: At the bolded? If you mean government's non-oil dollar receipt is greater than oil receipt, then I need to ask whether that is in Nigeria of 2017 or Nigeria of 3017. 2.2m barrels at avg of $50 for 365 days is around $40b. Oil revenue makes more than 80% of our government's dollar receipts. Remittance from the diaspora of $35b does not go to the government. Even at that oil and gas dollar receipts is higher than non-oil dollar receipts as at today. Remittance increased from $21b in 2015 to $35b in 2016, it did not stop dollar in black market from rising from N220+ in 2015 to N400+ in 2016. Nobody is saying or even speculating that the CBN would stop selling dollars to banks or BDC anytime soon. We are just saying that they wouldn't be able to regulate the exchange rate using the amount of dollar they pump into the market. It is very simple to understand. There was a time when the CBN was forming Bruce Lee by pegging the exchange rate to 199 and managing parallel market rate at N250-N300 using interventions. Have you forgotten? When they changed the peg to N305 did it stop them from selling dollars? If CBN floats the Naira today, they'll still sell dollars. This is very simple stuff that a primary 5 kid will understand. -Lord 1 Like |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by bizzynix: 1:48pm On Mar 23, 2017 |
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Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by QingQamal: 1:50pm On Mar 23, 2017 |
LordAdam16: Spoken like a true primary 5 kid! 3 Likes |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by DoyenExchange: 1:51pm On Mar 23, 2017 |
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Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by Mariesio: 1:53pm On Mar 23, 2017 |
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Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by MackDavid(m): 1:53pm On Mar 23, 2017 |
$500 SKRILL NEEDED AT 375/$ |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by Nobody: 2:00pm On Mar 23, 2017 |
MonsieurCoder: Lol you have no idea the amount of backlog the banks had wrt form A. 1 Like |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by LordAdam16: 2:00pm On Mar 23, 2017 |
puskin: It is not floating? It is managed floating. Note the difference. And stop replaying the establishment's rhetoric. It is stale now. We don't have reduced oil exports any longer. Reduced oil prices has come to stay. Corrupt minds exist everywhere. Nobody is talking about IMF, World Bank, or Textbook lingua. This is common sense. Common sense applies to Nigeria's economy. The Nigerian economy is resilient. People like us have faith in the Nigerian economy, you guys don't. Nigeria is slowly creeping out of recession even with 11+ exchange rate, handicapped president and FG, feuding ruling arms of governments, feuds between fiscal and monetary arms of government, zero fiscal policies; yet you guys keep trying to play politics with sensitive national issues. In 1987, rate was $1/N0.70. In 2013, at the peak of our growth, rate was $1/N150. Did Nigerians go extinct with the more than 1500% increase. Under Obasanjo, rate increased by over 400% within one year, yet Nigeria prospered. Nigeria's economy is stronger now. Don't encourage looters who are using dollars at N305/$1 to finance projects and take their cuts while they pay ordinary Nigerians based on N150/$1. The same people who sell dollars to their cronies at or below N305 and still come to the black market to sell at N400. Do the damn float, increase the damn salaries, and implement terrific fiscal policies. Let us take the pain once and for all, not this EVIL, Narcissistic treatment of Nigerians like a frog in a beaker with cold water, while heat is slowly applied under. -Lord 2 Likes |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by ANBAKO: 2:04pm On Mar 23, 2017 |
LordAdam16: So your point is that soaring Dollar benefits the masses? 2 wrongs do not make a right!!! My major concern about your point of view (which you are entitled to) is that you do not see any good good thing in a rising NGN. Wait till the Naira starts falling (to 520), then your "hypothesis" will be glaring. For now let who can enjoy the ride and the relatively cheap dollar. Yes the fundamentals is not yet addressed but this is a right step in a right direction. Let govt remove the disparity between the FX market and the parallel market. NB:I am not a loser! You don't know me!!! 1 Like |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by LaconicINC: 2:06pm On Mar 23, 2017 |
Omo Intellectuals full here sha ![]() 2 Likes |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by kazeemmuka(m): 2:07pm On Mar 23, 2017 |
kazeemmuka: |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by Swegzfreak: 2:09pm On Mar 23, 2017 |
[quote author=kazeemmuka post=54869146][/quote How much u go sell ur 4$ gimme? |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by omotisa: 2:11pm On Mar 23, 2017 |
LordAdam16: Chief, check your whatsapp message Abeg. |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by LordAdam16: 2:11pm On Mar 23, 2017 |
QingQamal: I used that figuratively. If all you're going to do is try to switch to expletives rather than call out the people who treat you like sh*t, don't bother quoting me. This is not politics section. If rate falls back to 450 or even 500 because this policy fails... AGAIN. Who does it hurt most? Emefiele, Buhari or you? If you are a masochist that enjoy these people butt-raping you, then have the decency to say so. Don't ask other Nigerians to like it too. If the reserve didn't fall and oil price continued rising, I wouldn't be making this analysis. It was you guys that said they should continue that reserve wouldn't fall and oil price and output will continue rising (when all evidence pointed against it). Now new evidence continue pointing against it and instead of you to do critical thinking, you are trying to be a troll. Better respect yourself. -Lord 7 Likes |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by Nobody: 2:13pm On Mar 23, 2017 |
DCTrendy: 399/$ |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by kazeemmuka(m): 2:13pm On Mar 23, 2017 |
[quote author=Swegzfreak post=54869194][/quote] |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by kazeemmuka(m): 2:15pm On Mar 23, 2017 |
[quote author=Swegzfreak post=54869194][/quote] 1k6h pere. |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by atobz(m): 2:15pm On Mar 23, 2017 |
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Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by omotisa: 2:17pm On Mar 23, 2017 |
LaconicINC: This really cracked me up. Ethereum na chemical for washing money o. Lol. Buy per gallon or litre. Ether makes sense now o. Hopefully, naija crypto enthusiasts will look in its direction now that bitcoin has tanked. |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by MANDILAX(m): 2:17pm On Mar 23, 2017 |
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Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by Swegzfreak: 2:18pm On Mar 23, 2017 |
kazeemmuka: That shikini bitcoin? I go pay 1.5k if u gree... |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by descrisom(m): 2:20pm On Mar 23, 2017 |
i still have my $148 skrill available for sale...ha no know why u neva contact me,anyhow skrill account dey for sale with $152 inside..contact my signature |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by descrisom(m): 2:21pm On Mar 23, 2017 |
MANDILAX: $148 skrill available here |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by Mariesio: 2:23pm On Mar 23, 2017 |
$30 FnF paypal needed. |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by LordAdam16: 2:24pm On Mar 23, 2017 |
ANBAKO: Nope. My point is that using a fundamentally deficient method to prop the Naira is a penny wise pound foolish attempt. I've done an analysis of how a full float will lead to a drop in parallel rate. If everyone can access dollar at X price, speculators will fritter away. Economics 101. Every government that puts a peg establishes a wide gap between the official and parallel market. And no, what is the use waiting till it starts falling, so you guys can start calling us enemies of progress and see our attempts to explain as attempts to mock the masses. Now is a perfect time, because many of us are still in denial phase. How can you do the same thing over and over again and expect a different result, especially when the fundamentals haven't changed. Oga, as long as you are buying things in the market like all Nigerians at N450/$1 exchange rate while the elite buy dollars at N300/$1 or less, you are a loser in this currency war. Even if you are in the diaspora, the value of the money you send is still being chopped off. Everyone who isn't directly benefiting in the long run (aka politicians and their cronies) from this war is a loser. Grow above petty squabbling and the classic "it's not my portion" stance. Believe me if I want to insult you, I wouldn't type all this. I'll just get down to the insults. -Lord 5 Likes |
Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by gocare: 2:25pm On Mar 23, 2017 |
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Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by CallmeLucy(m): 2:27pm On Mar 23, 2017 |
Sell your Payoneer funds to me at good rate. I'm buying Pound, Dollar and Euro. Contact me on WhatsApp, let's talk business. Regards |
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