stepaside2:
I see it differently. When abokifx was shut down, parallel market rate was N570-580 to the dollar. Since then, the slide has halted and gradually being reversed as parallel market rate is about N565 to the dollar today. The exchange rate at the NAFEX window is what is weakening and rightly so. It is as VP Osinbajo suggested - the official and parallel rates should collapse and meet in the middle somewhere, determined by market forces and the supply of forex to the economy will greatly improve. Patience guys, it is a matter of time

treesun:

Cooking gas is now N7.0k per 12.5 kg.

TripleOh7:
Very soon, toilet paper will be more valuable than the Naira.

In other words we go soon dey use Naira notes dey clean yansh for toilet.

Didi2d:


But why would they do that on purpose?

Tpharell:

You my friend are out of touch with reality

adonainana:


Lol hope you haven’t realized or seen sentiments in the post you just posted “osibnajo said and markets started reacting, Aboki Fx, etc I pray you will be able to survive the next phase of inflation coming Nigeria’s way

I really pray you do

gabicon:


The Naira is weak because we produce nothing and have a taste for foreign made goods, 90% of the people complaining on social media and declaring dooms day produce nothing yet they complain of devaluation or think the CBN is the problem. To save our currency we have to make things the world needs and earn foreign exchange, the complain is sickening, the average home in China is a mini factory, they are either making jewelry or small electronics, the people doing this are not half as educated as Nigerians.

Sonicroyel:
Upon the hunting cbn has been doing ??.
These financial heads are just too clueless abeg

treesun:

Cooking gas is now N7.0k per 12.5 kg.

Biafrarep:
Middle class has been wiped out completely in Nigeria. Now it's either you're among the 1% wealthy that includes politicians and elite, or you're among the 19% poor or 80% dirt poor.

Don't delude yourself, having a car or living in a good house in Nigeria now does not mean you're rich. How can you be rich yet you struggle to fuel your car, struggle to fill your gas, struggle to pay rent, struggle to pay fees, and even struggle to afford things that should be basic on normal circumstances. You're poor my friend and that's the sad reality

Some Nigerians can't afford ordinary sardines, toothpaste or other toiletries anymore, it's that bad

Ihejirikakings:
After buhari's regime dollar will come down and Mr President will be surprise of how it happened.

Nonsense government.

treesun:


https://punchng.com/naira-crashes-to-record-low-at-official-market/

treesun:


See what Abokifx has caused again!

stepaside2:

Pls share why you think so. I stated what I thought was happening and the best way forward. Having different rates gives room for arbitrage which is the key problem. Most people buy forex at the black market price not at the official exchange. Think about that for a sec