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Nairaland Forum / Nairaland / General / Business / Naira Faces Fresh Pressure, Falls To 222 Per Dollar (21754 Views)
Naira Faces Further Decline On Continued Dollar Scarcity / Unbelievable!!! Naira Falls To N485/$1, N600/£1 / Naira Falls To N370 Per Dollar (2) (3) (4)
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Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by Nobody: 11:55am On Jun 24, 2015 |
I don't hate Mr President. Telling him to live to his responsibility isn't hate my guy! Elxandre: 1 Like |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by spanzed(m): 11:56am On Jun 24, 2015 |
mehn this is really spoiling market |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by IVORY2009(m): 11:58am On Jun 24, 2015 |
As @ today the dollar against the green back is exchanging for 222-223 against the US dollar, what dis simply means is that, der is too much demand for the green back by perhaps importers and also the reserve is low too, to get back to our feet, Nigeria needs to stop all forms of importation, and promote production/consumption of locally made goods, etc. |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by Nobody: 11:58am On Jun 24, 2015 |
naijababe:Absolutely yes. His failure to appoint ministers and to give clear policy direction means the country is just floating. No government is given the luxury of "time and wait". I am not out for popularity earning but to pen my view on issues. Dollar now sells 222 naira and you say we shd keep quiet? Shd we wait until it climbs to N300? 4 Likes |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by 9jatatafo(m): 12:00pm On Jun 24, 2015 |
Waiting for N1=$1 |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by Nobody: 12:03pm On Jun 24, 2015 |
1bunne4lif:Bro, are you really waiting for N1 to be $1? You never hear say d thing de bad more and more? |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by UncleJudax(m): 12:03pm On Jun 24, 2015 |
MarieSucre:No, not really. The increased cost of doing business, especially, importation would be passed on to the populace. You just have to improve your spending power or...you know the rest. |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by ajepako(f): 12:04pm On Jun 24, 2015 |
barcanista: Well said Barca.. He gave the impression of being the much-awaited Messiah that will rescue Nigeria from the 'quagmire' caused by GEJ, shey? So if Nigerians expect miracle from him, then, miracle he must wrought, since he promised it.. All rational- thinking folks know APC is the biggest scam in Nigeria and the populace will pay for it.. As they are already paying for it in Northeast.. with blood Meanwhile here in Eko, I'm sipping my Avian water.. not kunu or zobo like some President Buhari of Dauraville.. |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by agarawu23(m): 12:04pm On Jun 24, 2015 |
chigoizie7:thanks boss 9 am tomorrow for my vote |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by Nobody: 12:09pm On Jun 24, 2015 |
ajepako: ajepako:hahahaha My brother, the matter of APC tire me o. During campaign they said so many things to confuse Nigerians. In fact the President promised to "hit the ground running" from May 29. Now they are telling us that they need time to appreciate the situation. So they never did all that yet they were making noise during campaign. Smh 1 Like |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by ajepako(f): 12:10pm On Jun 24, 2015 |
AdelekeAkinola: ori e buru lorun e! Why didnt you start waxing morality when GEJ was mocked on this forum? Abi GEJ is not old enough to be respected as a president, husband and father and old man? Abeg, take your prim, bible-thumping principle elsewhere, prefarably, Moremi Hall in UNILAG, Allen Avenue of AYilara! |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by Lovechyld101(m): 12:11pm On Jun 24, 2015 |
zoe123: 3k5 that's smiling to the bank oo0h how much wud bank have it change I don't have a Dom so am expecting tru money. Gram . |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by Jesusloveyou: 12:12pm On Jun 24, 2015 |
barcanista:since u don't want to be quiet, what says thou,when it climb from 116 to 150,again climb to 220 during ur hero regime. 1 Like |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by Nobody: 12:16pm On Jun 24, 2015 |
AdelekeAkinola:fake fake pastors evrywhere |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by ajepako(f): 12:17pm On Jun 24, 2015 |
barcanista: Barca, to be honest, this GEJ ouster is a blessing in disguise.. APC is already being exposed for its ill-preparedness for governance, agendaless stance, ignorance of the enormity of our problem, ego-centrism, paddiocracy, and big-cockism.. It is imminent they cannot sustain the tempo of propaganda and falsehood they embarked on during their campaign.. Meanwhile, GEJ is resting fitfully in LA and drinking his 'ogogoro' in peace and laughing his head off at our present self-inflicted quagmire.. Raise your cup in a toast with me Barca! And hey! I'm not a guy.. lol 6 Likes 2 Shares |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by UncleJudax(m): 12:18pm On Jun 24, 2015 |
AdelekeAkinola:I hope you preached all this when Jonathan was being serially abused with so many ear-piercing names? If no, STFU. |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by 1bunne4lif(m): 12:20pm On Jun 24, 2015 |
barcanista:Buhari is a joker. I know he has nothing to offer |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by Nobody: 12:29pm On Jun 24, 2015 |
My Dear, Jonathan was laughing when results were announced (now I know why). Why didn't you tell me you are a lady? So hw are you darling? ajepako: |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by rusher14: 12:32pm On Jun 24, 2015 |
bushdoc9919: [b]It's funny that the most vociferous when it comes to supporting bad governance are those who have been oppressed by this same mismanagement. Some today are bitter that their very oppressors have been thrown out of office and would do anything to ridicule a new government that has hardly even started its programme. The Naira has been in free-fall since the middle of the last year, due to dwindling returns based largely on the price of crude oil, Nigeria's main export. The foreign reserve acts as the surety of one's wealth and is used to defend one's currency. A country of 180 million inhabitants having just over 29 billion dollars, less than a decade after having 60 billion dollars in foreign reserve with little or no foreign debt at the time could be considered a high risk customer. The market forces don't lie but government policies help sway market forces. Government has a role to play as well as its citizens. There should be an attempt by all, even if not borne out of patriotism but out of self preservation to make as much foreign currency as possible. This can be achieved by export of a product or service. The Naira would continue to slide for now until we as individuals tap into the export market. [/b] 2 Likes |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by pazienza(m): 12:36pm On Jun 24, 2015 |
Well, the Zoo has always been on self destruction mode, but it seems like it's now on a fast track route to its default mode, ie self destruction. Buhari better assemble a working team and get to work, that way Nigerians can say that he tried but failed. |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by Whynotthetruth(m): 12:36pm On Jun 24, 2015 |
ajepako: I am wowed by your line of thought especially given you're a lady(no disrespect to them plzzz)...but they use their heart more than their head...keep it up |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by andyanders: 12:47pm On Jun 24, 2015 |
We cannot just change things like this unless we tell ourselves the truth. We can ONLY force the dollar down and our naira improve in value only when we increase our export. We are not producing anything for export and we keep importing hence our present predicament. Buhari or this government cannot make a change unless when we go down and start developing our agricultural sector by making sure that we go into mechanized farming. We need to go into agriculture and develop that area by having to export our farm products and start earning foreign exchange thereby forcing the dollar down and increasing our currency value. I suggest that through NYSC scheme, they should be deployed into mechanized farming by granting them loan and using that 1 yr mandatory service to start empowering them to create employment and be an employer of labour, rather than wasting their youthfulness by engaging them where our senators and law makers would want to have them as s3x dolls 2 Likes |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by Jesusloveyou: 12:54pm On Jun 24, 2015 |
barcanista:if u know d degree of mess gej put us, u wil not be talking like this,the country is lean and empty,this year wil be tough,but trust PMB, as from next year everything wil come to normalcy, remember we are stil operating d fraudulent budget prepare by gej govt, where 12b wil be use to service unuse plane,4b for feeding,use 1b to fuel generator, paying of non-existing subsidy,using 25% to service consumable debt.etc. But don't worry, next year budget wil be well prepare to meet our demand. 1 Like |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by ajepako(f): 1:07pm On Jun 24, 2015 |
Whynotthetruth: Not this lady..she uses her head more than her heart..If she has one, that is..;lol She is tougher than nails.. No offense to the testosterone here.. |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by Mariojane(f): 1:18pm On Jun 24, 2015 |
ifyan:it's actually nightmare |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by fanysteve: 1:20pm On Jun 24, 2015 |
One Naira =One dollar shortly |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by Whynotthetruth(m): 1:50pm On Jun 24, 2015 |
ajepako: Good...but in all, remember your womanhood supercedes all others...don't ever stop being emotional... it will scare men away if u do...and the joy of womanhood is fully discovered in her vulnerability...be real babe |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by ajepako(f): 1:57pm On Jun 24, 2015 |
Whynotthetruth: IFAHIA! lol |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by Whynotthetruth(m): 2:04pm On Jun 24, 2015 |
ajepako:Ok nah...just keep it real I advice again... |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by OXLANDOWN: 2:11pm On Jun 24, 2015 |
This Government and leaders are just jokers.They are wasting away the future of upcoming generations. How can a country in this era of knowledge still be depending on the eternal reserve to keep the currency afloat. Buhari Pleaseeeeeeeeeeeeeeeeee get good economic gurus in your team and ignore the party members, if not our economy is going to be like that of Zimbabwe. CBN hmmmmmmmmmmmmmm Nigeria need prayers. 1 Like |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by Eggheaded(m): 2:54pm On Jun 24, 2015 |
We are waiting for buhari's promises.
But cant we stop naira from further depreciation?
Or is it until we have $1 to #1000?
CBN pls help |
Re: Naira Faces Fresh Pressure, Falls To 222 Per Dollar by TolaniLuv: 2:59pm On Jun 24, 2015 |
Buhari Na God go punish u for lying to millions of Nigerian that u fit turn 1$ to 1Naira but I no blame u sha . |
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