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Nairaland Forum / Nairaland / General / Business / Naira Now 172 Naira To A Dollar. Why? (55162 Views)
Naira Now N225 In Paralllel Market On Friday 25th June 2015 / Devaluation: Naira Now N183 To The Dollar / Naira Now N166 To $1. Can Someone Tell Me What Is Happening? (2) (3) (4)
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Re: Naira Now 172 Naira To A Dollar. Why? by dragon2(m): 11:40am On Nov 14, 2014 |
Beetroot:Probably because oil is now below $80,as saudi arabia tries to push out U.S. Frackers from the oil business. |
Re: Naira Now 172 Naira To A Dollar. Why? by boujaye: 11:59am On Nov 14, 2014 |
stevolinkon40: the effect of continues fall of oil price and a reduced external reserve. |
Re: Naira Now 172 Naira To A Dollar. Why? by 04kaa: 12:50pm On Nov 14, 2014 |
It will be 592 to 1 if u vote for GEJ, shebi una no dey hear word. 1 Like |
Re: Naira Now 172 Naira To A Dollar. Why? by Nobody: 3:12pm On Nov 14, 2014 |
arsetalks: Really, you are just a rural malu |
Re: Naira Now 172 Naira To A Dollar. Why? by guente02(m): 3:22pm On Nov 14, 2014 |
169.55 with Access Bank |
Re: Naira Now 172 Naira To A Dollar. Why? by Nobody: 4:10pm On Nov 14, 2014 |
wow...what a good news! abeg make e come down reach 200 oooooo! |
Re: Naira Now 172 Naira To A Dollar. Why? by Whizkel(m): 5:51pm On Nov 14, 2014 |
Damn. Dem don break my heart o... 174naira to a dollar .that's too much...it has really affected my online biz.. GOVERNMENT PLEASE DO SOMETHING. GEJ!!! I TAKE GOD BEG U. |
Re: Naira Now 172 Naira To A Dollar. Why? by Feraz(m): 6:05pm On Nov 14, 2014 |
jeffmyson:Nice input but how many Nigerians are ready to wear made in Nigeria products? Even looking at what is happening here where someone tells you he can never buy any goods made in Nigeria; how do you stop this mentality? We need re-orientation as a people to move forward. dragon2:I wish the politics being played in Nigeria is clean and not bitter. How many regions will agree with what you have put up there? Electricity is the driving factor here. We really need to get this up and running otherwise cost of production will continue to be on the high side. |
Re: Naira Now 172 Naira To A Dollar. Why? by ellahzy(f): 6:45pm On Nov 14, 2014 |
[quote author=mayorall post=27983558]Wow I made FP special dedication to my lady *missmayorall*. My business partner *kennyman20* . My business friends. ymodulus, mcfynest, youngzedd, madam Tyconcepts, merit, oga steven. My pb buyers, ojestas, oga damc, octavo, juwonmannia, rasco, Beckham. And many I can't remember. Special thanks to my CSO (walker). My six months old GSD Now feeling on top of the world, good news just hit me from Asia, my goods had arrived . Good news on nairaland. nairaland FP is intoxicating. . I never knew this is how it is until I hit FP the second time. To those that are jealous of me , You will also hit FP in the nearest future, just a matter of time Long live seun long live the mod and super mods Long live nairaland Long live Nigeria[/quote] lolz, i thot u are supposed to comment or explain why d amount was increased... but u are more concerned about making the FP? well Congrats |
Re: Naira Now 172 Naira To A Dollar. Why? by thrizzle(m): 6:47pm On Nov 14, 2014 |
Thank God oh I have money to change in fact I'll wait to change it when it hits 180 thank God Ohhh |
Re: Naira Now 172 Naira To A Dollar. Why? by Fourwinds: 7:38pm On Nov 14, 2014 |
jennykadry:oh.!! sorry I thought u were a Nigerian |
Re: Naira Now 172 Naira To A Dollar. Why? by Lstar4real(m): 8:10pm On Nov 14, 2014 |
I was charged #175.65 yesterday By GTbank I no fit cry n I collected #174 from my client..Nigeria na wa o. |
Re: Naira Now 172 Naira To A Dollar. Why? by Lstar4real(m): 8:13pm On Nov 14, 2014 |
I was charged #175.65 yesterday By GTbank I no fit cry n I collected #174 from my client..Nigeria na wa o. Its not stable it Just going up and down 1 Like |
Re: Naira Now 172 Naira To A Dollar. Why? by leofab(f): 12:33am On Nov 15, 2014 |
eddiebruk:thanks a million; I am heading to download the quickteller app from App Store!!!!!
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Re: Naira Now 172 Naira To A Dollar. Why? by jpphilips(m): 1:11am On Nov 15, 2014 |
Abagworo: Are you planning to vote Jonathan to achieve that? |
Re: Naira Now 172 Naira To A Dollar. Why? by jpphilips(m): 1:15am On Nov 15, 2014 |
boujaye: What reduced our external reserves? |
Re: Naira Now 172 Naira To A Dollar. Why? by jpphilips(m): 1:17am On Nov 15, 2014 |
04kaa: Do they care how over $45b foreign reserve vanished 1 Like |
Re: Naira Now 172 Naira To A Dollar. Why? by justfree1(m): 4:33am On Nov 15, 2014 |
Job/work situation in Nigeria hardly gives people enough time for anything else, except weekends most times. Most people would love to build an additional income source but timing is the problem. I just found a way we could build an additional unlimited income source, part time even while we are at work. interested? send me a message. |
Re: Naira Now 172 Naira To A Dollar. Why? by john650(m): 10:18am On Nov 15, 2014 |
atlwireles:I don't agree with you. Even the world's economic powers from time to time support their currencies from free falling for different reasons. It could be political or because of trade with other countries. So there is no such thing as allowing ones currency to float and find it's true value. If we did, we would soon find ourselves carrying barrow loads of our currency for basic transactions. |
Re: Naira Now 172 Naira To A Dollar. Why? by bedfordng(m): 11:13am On Nov 15, 2014 |
too bad.lets see how it will go during this month |
Re: Naira Now 172 Naira To A Dollar. Why? by 4Play(m): 1:13pm On Nov 15, 2014 |
saxywale: You do realise that it's the CBN that maintains foreign reserves not the finance ministry? Again, your comment highlights something I have referred to previously about Nigeria's personality-based zero principles political discourse. As far as building up a bulwark against an oil price crash is concerned, has there been a bigger champion for a "savings" account a la the excess crude account than Iweala? For years, she has championed this cause to the chagrin of many Nigerians who never learned the lessons of what happened to us in the 80s but has instead been met with cynicism and opposition. Every budget battle is marked with National Assembly legislators seeking to increase the oil benchmark and thereby reduce the amount accruing to the excess crude account, we have governors fighting tooth and nail to declare the excess crude account illegal and even members of the opposition echoing similar sentiments. For an example of the latter, see below: Nigeria’s main opposition party said it will scrap the country’s sovereign wealth fund and a separate excess crude account if it wins elections in February. http://www.bloomberg.com/news/2014-09-30/nigeria-s-opposition-wants-to-scrap-sovereign-oil-funds.html The reality is that most Nigerians are not particularly driven by issues but personalities. The present economic developments do not vindicate those who wanted to abolish our buffer against an oil price crash but those who wanted to increase that buffer. However, in a country where emotions and ethnic loyalties trump reasoned discourse, people will blame the vindicated. 1 Like |
Re: Naira Now 172 Naira To A Dollar. Why? by SenatorJames(m): 1:18pm On Nov 15, 2014 |
**falls asleep** mayorall:Please wake me up, anytime Dr Ngosi Okonjo Iwealla (Coordinating minister for corruption) announces that the Economy of Nigeria is growing. Nigeria, enriching wealthy and corrupt citizens since 1999. 1 Like |
Re: Naira Now 172 Naira To A Dollar. Why? by mcfynest(m): 7:33am On Nov 17, 2014 |
mayorall: Oga mayorall, na so we see am o, but people are hopeful that this week would be different. |
Re: Naira Now 172 Naira To A Dollar. Why? by lanrei(m): 1:54pm On Nov 17, 2014 |
eddiebruk: how did u go about picking up ur wu transfer via quickteller bro... I've tried it countless times without success |
Re: Naira Now 172 Naira To A Dollar. Why? by Nobody: 2:48pm On Nov 17, 2014 |
lanrei: go to quickteller, make sure your bank supports WU receive money online, (i use GTBank) to go Receive money, select WU, Choose your bank, put your MTCN, Receiving bank account number and account name, expected amount, and text question. Sharply if your MTCN and account info is correct, you will get you cash in your account instantly. |
Re: Naira Now 172 Naira To A Dollar. Why? by Nobody: 12:50pm On Nov 18, 2014 |
eddiebruk: Wow! Just like that? I once went to GTB, they sd they can only drop money for current account holders. The quickteller yu are referring to, is it www.quicktelller.com OR the quickteller on ATM? |
Re: Naira Now 172 Naira To A Dollar. Why? by Nobody: 1:21pm On Nov 18, 2014 |
Soyedele1: Quickteller.com
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Re: Naira Now 172 Naira To A Dollar. Why? by Nobody: 1:34pm On Nov 18, 2014 |
eddiebruk: Don't yu think its risky exposing ur details online incase of a flagged transaction? |
Re: Naira Now 172 Naira To A Dollar. Why? by Nobody: 2:15pm On Nov 18, 2014 |
Soyedele1: What detail? |
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