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Nairaland Forum / Nairaland / General / Business / Naira Falls Towards N400-$1 As Electioneering Resumes (20457 Views)
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Re: Naira Falls Towards N400-$1 As Electioneering Resumes by 2shure: 9:12am On Sep 12, 2017 |
I rem some months back Dollars was 480 I feel poor now. Men na to shaply go unlock my iphone 32k to 40k 8k difference..men nawa o. |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by cymontempler: 9:16am On Sep 12, 2017 |
Been waiting for this kind of news. Long time coming... Hoping it will be $1/1000 by December. Afterall, Nigerians have good coping mechanism with inflation and dollar scarcity. It's Doubling Time... |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by Nobody: 9:19am On Sep 12, 2017 |
Good news |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by jaxxy(m): 9:20am On Sep 12, 2017 |
Why ![]() ![]() It better not and shudnt even happen unless we, cbn allows it by allowing unwarranted increasing demand for dollars. I think its wrong to use dollars for electioneering at all moreso at the expense of the economy |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by Officialzoe: 9:25am On Sep 12, 2017 |
make e reach abeg. we wey get dollar, make e increase |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by Babachukwu: 9:48am On Sep 12, 2017 |
priceaction:I know some day your sense will be restored |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by Joshmedia1: 10:02am On Sep 12, 2017 |
R |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by IdeyFindWife: 10:29am On Sep 12, 2017 |
KEVIND: zombies nor dey hear word till they fall off-cliff. 2019 election approaches, you will soon see APC gloves off on electioneering irregularities and zombies excusing the same things they condemned in previous administrations while the almajiri goat-herder army votes cows-chickens-and-all to stampede Buhari into power to panel-beat Nigeria into oblivion! |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by valentineuwakwe(m): 10:51am On Sep 12, 2017 |
do u say N400. . .days an overstatement. .it will reach N450 by Sept 30, 2018 . . mark my words |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by uruego(f): 10:56am On Sep 12, 2017 |
Mr. bADLUCK IS BACK....................... BUBU IS UNANIMOUS WITH BACKDLUCK ![]() |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by stilldoingokay(f): 11:14am On Sep 12, 2017 |
Capsule101: you're not alone |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by LordAdam16: 11:39am On Sep 12, 2017 |
abescom: When you were typing to your heart's content that you wanted it to crash earlier this year, you didn't remember you were a freelancer abi? Just look at yourself. Everybody looks after his/her own interests. So don't call the marketers "stup*d." In fact, another hike in prices is in the horizon thanks to the imminent minimum wage increase. That your 365k would be worth a whole lot less, when wage increases and marketers hike their prices accordingly. A free float would have kept the rate at circa N400 which is good news for everyone. Now we're all looking at a possible dive to 300-330, which is bad for everyone except the government since it makes them look good and importers who are making a killing already, because most political stalwarts already have their stockpile of dollars that they bought when CBN was selling billions of dollars at dirt cheap rate. As a freelancer, brace yourself, sh*t may hit the fan. -Lord 1 Like |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by LordAdam16: 11:52am On Sep 12, 2017 |
dvee2: Buhari doesn't spend sh*t. He didn't spend in 2015, he wouldn't spend in 2019. It's his henchmen that would do the spending in 2019, like they did in 2015. Look at Edo. Look at Ondo. Pay attention to what will happen in Anambra. Common single senatorial rerun in Rivers, the party gave Amaechi N5b (aside money spent by other stakeholders individually), and you think 2019 would be different. Between February and August, the CBN sold above $10b at dirt cheap rate, that's almost N4t. Do you think all of that was for legitimate reasons? The naivety that many of you show is shocking. There'd be lot of dollars to splash in 2019. The economy is recovering and there might be a wage increase in 2018, all of these mean more money to spend. How it would affect the exchange rate is anyone's guess. -Lord |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by LordofNaija: 11:57am On Sep 12, 2017 |
Newbiee:You must be a dimwit |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by djkotech(m): 12:04pm On Sep 12, 2017 |
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Re: Naira Falls Towards N400-$1 As Electioneering Resumes by Nobody: 1:02pm On Sep 12, 2017 |
DanielsParker:which kondkind space booking be this nah |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by abescom: 1:18pm On Sep 12, 2017 |
LordAdam16:Stop being judgmental. You don't even know me. I have always wanted the naira to crash and how do you know I am a freelancer, I don't get employed, I employ people. Not being arrogant but stating the fact. Don't judge people from afar please. |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by bigpicture001: 1:24pm On Sep 12, 2017 |
the research is too practical..without consideration of the behaviour of humans...the forecast is unrealistic and cannot be relied upon |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by Yosuregames: 1:35pm On Sep 12, 2017 |
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Re: Naira Falls Towards N400-$1 As Electioneering Resumes by tayadof9ja(m): 1:55pm On Sep 12, 2017 |
Make e reach 500 sef...Make euro enter 600. ![]() |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by Nobody: 2:56pm On Sep 12, 2017 |
what has this got to do with the price of commodities? whether the $:N is 1:500 or higher it really doesn't mean one can buy more. the prices of commodities still stays the same or increases. The only way this can come as an advantage is if one in the U.S gives a fixed allowance (Naira) to a family member in Nigeria or has transactions he deals with in Naira. That will mean less $ and more Naira. ![]() ![]() ![]() #okbye |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by LordAdam16: 3:13pm On Sep 12, 2017 |
abescom: AFAIK, most freelancers are sole proprietors. They employ themselves and work with not for clients not employers. So your employee/employer argument is hogwash. You earn a substantial amount of money in dollars. When the rate crashes you lose money, when it rises you make money without lifting a finger. Therefore, saying that you earn in dollars and you want the rate to crash (because I recall some of your posts from earlier in the year) is like an employee saying he is paid too much and wants his/her employer to reduce his/her salary. You can't cry foul about a critical retort when you called marketers "stup*d" because your business acumen is lacking. Even kids know prices of things in Nigeria go up and rarely ever come down. That's why inflation is never zero or negative in Nigeria (or anywhere for that matter). It's always positive, because prices will almost always increase as people naturally want to increase their revenue. Businesses will always charge the maximum amount of money they can for a product. They'd keep pushing the bar. How you employ people and this is lost on you is surprising. 1 Like 1 Share |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by dheespectre: 6:52pm On Feb 25, 2018 |
KingMicky3286:battery |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by emmy4lov(m): 7:27pm On Feb 25, 2018 |
Buhari is taking Nigeria to the next level |
Re: Naira Falls Towards N400-$1 As Electioneering Resumes by lebron7(m): 2:26pm On Aug 31, 2021 |
priceaction:How far |
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