Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,201,511 members, 7,978,704 topics. Date: Friday, 18 October 2024 at 12:42 PM |
Nairaland Forum / Nairaland / General / Business / Naira Drops To 242.5 Against Dollar (16944 Views)
Naira Drops To 490/$1, 600/£1 / Naira Drops To 251/dollar, External Reserves Now $29.7bn / Naira Drops To 235 Against Dollar (2) (3) (4)
(1) (2) (3) (4) (5) (Reply) (Go Down)
Re: Naira Drops To 242.5 Against Dollar by darlenese(f): 8:17pm On Jul 16, 2015 |
Baba how far |
Re: Naira Drops To 242.5 Against Dollar by Nobody: 8:21pm On Jul 16, 2015 |
Silly Nigerians! Barbarians who don't want to get civilized and live an organized life. Shame on all of you! |
Re: Naira Drops To 242.5 Against Dollar by Nobody: 8:23pm On Jul 16, 2015 |
Ah what is this na? Will they devalue my school fees too Mtcheeew |
Re: Naira Drops To 242.5 Against Dollar by Built2last: 8:26pm On Jul 16, 2015 |
obailala: If i slap you, your brain will reset. Will you enter your house and see it ablaze and inflame it more just because there was fire already. No be only you vote PMB oo. I did too. If he cant reverse the rising dollar price, he shud atleast peg it. We must stop making excuses for PMB. He is in charge now and history will judge him as such. 1 Like |
Re: Naira Drops To 242.5 Against Dollar by lomprico(m): 8:34pm On Jul 16, 2015 |
lordimpaq:Lie! Is it not d same bank that will debit u with d same BDC rate? U dont work in a bank stop lying. I bought an app worth 0.99 dollars for my phone last 2wks n they deducted 220 naira from my acct. 1 Like 1 Share |
Re: Naira Drops To 242.5 Against Dollar by 989900: 9:02pm On Jul 16, 2015 |
lordimpaq: I work in the bank too -- as a cleaner (forex is beyond my wheelhouse). |
Re: Naira Drops To 242.5 Against Dollar by lordimpaq(m): 9:45pm On Jul 16, 2015 |
lomprico: So sorry about that mate....but truth still remains that official rate is 199NGN to 1 USD the pressure on the black market is due to high demand from those that cannot buy dollars on the restricted imported items. |
Re: Naira Drops To 242.5 Against Dollar by lordimpaq(m): 9:46pm On Jul 16, 2015 |
989900: Haba boss...I no offend you na.... |
Re: Naira Drops To 242.5 Against Dollar by lomprico(m): 10:28pm On Jul 16, 2015 |
lordimpaq:U dnt knw anything concerning this issue. |
Re: Naira Drops To 242.5 Against Dollar by lordimpaq(m): 11:33pm On Jul 16, 2015 |
lomprico: If you say so...I know what I know...its the black market that is expensive. |
Re: Naira Drops To 242.5 Against Dollar by obailala(m): 11:54pm On Jul 16, 2015 |
Built2last:Did you just say he should peg it?... Please stop speaking like you are an illiterate in these type of things... The fall in naira value is like a moving train, it wouldn't stop instantly even if you step on the brakes with all your might because inertia would keep pushing the train forward a long way before it stops. The fall and continuous falling of the naira was orchestrated by 3 main things: 1. The sudden crashing of oil prices - Nigeria sadly depends on only oil 2. The financial recklessness of the past administration - Nigeria consistently experienced a budget surplus for the past 8 years yet the government did not think it wise to save a kobo. It was so bad that just a month after oil prices crashed, the FG had to borrow to pay salaries and even CBN was constrained to devalue the naira because there was virtually nothing in our reserves to counter the crisis; all this in just a month. 3. The 2015 elections destroyed whatever was left in the value of the naira. The election had to be the most expensive in the history of the world and due to the large cashflow during the period, the demand for foreign currencies reached an unprecedented, ridiculously high level putting a deadly strain in the value of the naira... It would take a huge miracle such as a sudden jump in oil prices and a well calculated economic policy for things to comeback to normal. If you want to keep blaming PMB thinking you are being a thorough critic, then you are free to wallow in your own fantasies. 1 Like |
Re: Naira Drops To 242.5 Against Dollar by dclinton01(m): 2:03am On Jul 17, 2015 |
How is market today, not 'how market last year'. Let d blame game stop, d govenment of d day should be held responsible 4 what is happening 2 our naira |
Re: Naira Drops To 242.5 Against Dollar by Raikishi(m): 2:45am On Jul 17, 2015 |
One thing comes to mind... How the Israelites behaved just after leaving egypt. Wailing and crying that they preferred pharoah and forgetting the suffering. Did buhari cause the naira to fall to this sorry level or did he inherit a failing economy? |
Re: Naira Drops To 242.5 Against Dollar by Alao96(m): 7:47am On Jul 17, 2015 |
It is bopeless.... So na d 1$ to 1n na e dullardinbo promise us eeeb.... Isorai |
Re: Naira Drops To 242.5 Against Dollar by MrEverest(m): 8:40am On Jul 17, 2015 |
Kelklein:common gerrout-of-here, what nonsense Why cant you call a spade, a spade rather than a farm implement. I know you must be one of those that came and championed for a useless change we all are suffering now. Why would you be mentioning Emefiele, is he the president of Nigeria Wont you have been calling GEJ clueless by now if he were still the president of Nigeria, would you have been calling Sanusi Yes, you and your ilks voted for change, a very retrogressive one at that, so don't look for whom to blame except your gullible self who allowed the propagandists to deceive. |
Re: Naira Drops To 242.5 Against Dollar by Hakagure: 3:39pm On Jul 17, 2015 |
gozmok1:You compliment me by insulting me, obviously you lack debating skills and bow down to my superior argument. And you expose your ineptness further by your describing PMB as "Baba Dullard"... surely your wordplay can be improved marginally. Do you lack imagination so much that you recycle cliched aphorisms? |
Re: Naira Drops To 242.5 Against Dollar by DeGenius3(m): 3:47pm On Jul 17, 2015 |
why hasn't the dollar "stabilized" ? NOTE: |
Re: Naira Drops To 242.5 Against Dollar by erico2k2(m): 5:39pm On Jul 17, 2015 |
bushdoc9919:exactly look up North they have loads of minerals.woukd they develop through that.will they use the advantage of what's undernith them to enrich the nation |
Re: Naira Drops To 242.5 Against Dollar by erico2k2(m): 5:40pm On Jul 17, 2015 |
Hakagure:weldon for your matured reply.some people can't put their points across without insult. I wonder how they can debate in real life if they can't behind screens. |
Re: Naira Drops To 242.5 Against Dollar by Evaromantik(m): 10:25pm On Jul 17, 2015 |
bushdoc9919:Nigeria is a fraud bro.......and thats why we will never give up in fighting for Biafra......u made mention of Saudi Arabia and Norway having their own oil refinary sector,pehaps,if research is carried out on them,u will observe that some of those refinaries are owned by individuals while others are by the government.......now tell me why Nigeria as a nation can neither build nor reconstruct their refinaries while individuals like Late Abiola of yoruba and Ibrahim Babangida of Niger state hausa built theirs' across the country rather than building it here.....despite the money and budget Nigeria is making every year yet,they couldn't help themselves with oil rigs/refinaries.........Biafra will never be as poor as Nigeria when we got it restored becus we hav gotten the insight in us and we hav leaders who are willing but not opportuned to build a good Nation..........do u knw that the amount of money being embezzled by a single politician here in Nigeria can rebuild that refinary in P.H.........i can never say one Nigeria anymore becus Nepotism is now the other of the day.....long live Biafra |
Iran Nuclear Deal: Oil Prices Climb Above $76 / Dangote Refinery Secures Permit To Process Over 300,000 Barrels Of Crude / Credit Scheme: FG To Integrate Credit Score Into NIN, Targets 80 Million Nigeria
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 51 |