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Naira Sinks To 530 Against Dollar, Pound Hits N720 - Business (3) - Nairaland

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Naira Slumps Against Dollar At FX Markets / Naira Sinks To 530 Against Dollar, Pound Hits N720 / Naira Sinks To 530 Against Dollar, Pound Hits N720 (2) (3) (4)

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Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by ceejay10(m): 2:03pm On Sep 03, 2021
hisexcellency34:
And Buhari is still retaining that dullard called Emefiele
Buhari is the Dullard-in- chief. He should sack himself first.

1 Like

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by htdot: 2:04pm On Sep 03, 2021
thebosstrevor1:


And where did I blame Nigerians

Is the fall in the price of oil also emeiefele fault?

Abeg no carry your frustration near me.

If you don't have any solution, shut up
This is the price of oil as of today.

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by saintegs(m): 2:04pm On Sep 03, 2021
In BMC'S voice..... it is caused by pdp's mismanagement, person wey no qualify to be village chief na em come be Una presidiot

3 Likes

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Angelfrost(m): 2:05pm On Sep 03, 2021
1 Dollar suppose hit 600 Naira before Christmas tbh...

Wahala for who don save millions for Naija banks! tongue
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Okuda(m): 2:06pm On Sep 03, 2021
thebosstrevor1:
I know some people are happy that the dollar keeps appreciating against the naira.

If the dollar keep appreciating that means the cost of goods and services will increase, which will make life more difficult for you.

If you like keep buying dollar and saving it in dollars or usdt, as long as exchange rates are not stable, you are losing and also losing even when you convert your saved dollar back to naira, inflation will devalued it.


dollar increase or not, Buhari has destroyed the economy so much that prices of commodity would still rise even if naira was stable to the dolllar. the guy na disastrous failure.

4 Likes

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by MrHighSea: 2:06pm On Sep 03, 2021
did they say,
$1 = N1

or

$1 = N1000

?
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Nobody: 2:06pm On Sep 03, 2021
Antoeni:
*State of the Nigerian Nation.*

A typical Nigeria *"Big boy/lady"* wakes up in the morning, turns off his alarm clock made in *CHINA*, gets out of his bedsheets woven in *INDIA*, puts on his clothes made from wool in *BANGLADESH*, shoes from *ITALY*, drinks his orange juice from *SPAIN*, puts milk made in *DENMARK* in his coffee produced in *BRAZIL*.

He jumps into his Toyota Camry car made in *JAPAN* to the *TOTAL* service station *(FRANCE)* to refuel PMS, imported from Europe and takes his *KOREAN* Samsung Galaxy Note 20 Ultra phone made in *TAIWAN* and buys data for his MTN SIM card *(SOUTH AFRICA)*.

At noon, he leaves his COCA-COLA *(USA)* office and joins his friend who smokes *AMERICAN* cigarettes, they eat *THAILAND* rice, drink *ITALIAN* wines and returns home to watch the El Classico on DSTV *(SOUTH AFRICA)*.

*Without spending a kobo on anything made in Nigerian and you want Nigeria to grow!!!?*

It will take magic for the Naira to stabilize against the dollar_*.

cheesy

And we are typing this on computers made in China, and Japan, and Europe, using phones made in China, Europe and the US.....

That's how the dollars fly out of the country, and thus the value of the Naira

But no wahala...I AM A BIG BOY NOW!

cheesy

3 Likes

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by ceejay10(m): 2:07pm On Sep 03, 2021
thebosstrevor1:


So it buhari controlling oil prices.

Every time oil price falls, it always affect Nigeria, even if Jesus was president, we will still be in the same crisis
so oil price is the only reason we are in this more? Your mumu never do obviously. Continue.

3 Likes 1 Share

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by goaldynboy: 2:08pm On Sep 03, 2021
inderhappy:
It will still hit 600 before the end of this yr, next time when Nigeria hear change they'll think twice

You are talking of N600? It has been predicted that $1 will hit N1000 by December; and that is quite scary.
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by jacoik(m): 2:08pm On Sep 03, 2021
inderhappy:
It will still hit 600 before the end of this yr, next time when Nigeria hear change they'll think twice
600 or 1000? A friend of mine that works in banking sector told me it will likely hit 1000 before the end of the year

1 Like

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Nobody: 2:09pm On Sep 03, 2021
WHEN THE FOOLISH PEOPLE LIKE YOU OVER THERE VOTE FOR INCOMPETENT PEOPLE LIKE YOU INTO POWER THIS IS THE SIMPLE RESULT YOU GET ____WELCOME TO NEW NIGERIA OF YOUR DREAM ____ ___HYPOCRISY __IMPUNITY UNGODLY BEHAVIOUR ___INDISCIPLINE___will fight Nigerians and win the fight AWON OLOSHI

3 Likes

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by neyoohhh: 2:11pm On Sep 03, 2021
Antoeni:
*State of the Nigerian Nation.*

A typical Nigeria *"Big boy/lady"* wakes up in the morning, turns off his alarm clock made in *CHINA*, gets out of his bedsheets woven in *INDIA*, puts on his clothes made from wool in *BANGLADESH*, shoes from *ITALY*, drinks his orange juice from *SPAIN*, puts milk made in *DENMARK* in his coffee produced in *BRAZIL*.

He jumps into his Toyota Camry car made in *JAPAN* to the *TOTAL* service station *(FRANCE)* to refuel PMS, imported from Europe and takes his *KOREAN* Samsung Galaxy Note 20 Ultra phone made in *TAIWAN* and buys data for his MTN SIM card *(SOUTH AFRICA)*.

At noon, he leaves his COCA-COLA *(USA)* office and joins his friend who smokes *AMERICAN* cigarettes, they eat *THAILAND* rice, drink *ITALIAN* wines and returns home to watch the El Classico on DSTV *(SOUTH AFRICA)*.

*Without spending a kobo on anything made in Nigerian and you want Nigeria to grow!!!?*

It will take magic for the Naira to stabilize against the dollar_*.

They don't know.

Do one about government spending, if you can.

2 Likes 1 Share

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by tnerro1(m): 2:11pm On Sep 03, 2021
Sai baba
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Nobody: 2:12pm On Sep 03, 2021
thebosstrevor1:


So it buhari controlling oil prices.

Every time oil price falls, it always affect Nigeria, even if Jesus was president, we will still be in the same crisis

You are right....oil prices fall always affects Nigeria.

But the thing is, Buhari had measures that he could have taken to deal with the issue. Measures he did not follow...like removing subsides, fighting corruption, and actually cutting government waste.

2 Likes

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Tooreda: 2:12pm On Sep 03, 2021
BigRocky:
Things keep getting worst..

Buhari is the worst thing after abacha that have happen to Nigerians.

Buhari is actually worse than Abacha. May calamity befall Buhari and his supporters

4 Likes

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Jolite(m): 2:13pm On Sep 03, 2021
BigRocky:
Things keep getting worst..

Buhari is the worst thing after abacha that have happen to Nigerians.
Mind you, Abacha did nothing bad to Nigeria. Buhari the worst in history.
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Kobicove(m): 2:13pm On Sep 03, 2021
sad
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by bayelsaowei(m): 2:14pm On Sep 03, 2021
poiZon:

Oil price fall yet the dullard is still spending billions in dollars to search for oil... Buhari mumu supercedes human compremendo..
Its pathetic...
Lemme tell u what buhari is doing, buhari is using monies that we r earning to look for oil while he goes out borrowing to build railtrack to niger so he can link up with his first cousins.

Buharinomics
sometimes you can't fathom the mumuness of this administration and its obvious drive for rubbish..

Buhari and his gang still feels that until they see oil in the North the world won't move forward..
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Didi2d(m): 2:14pm On Sep 03, 2021
gidob:


Instead of you to address the cause of the issue (Buhari's incompetency) you are attacking people who are suffering from his incompetence.

Blind loyalty....

I no understand abeg, wetin dey make our currency be like this.
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Tremple8v: 2:15pm On Sep 03, 2021
Naira Sinks To 530 Against Dollar, Pound Hits N720 and Nigeria Hit Wall Under #Bucow
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Angelfrost(m): 2:15pm On Sep 03, 2021
thebosstrevor1:
I know some people are happy that the dollar keeps appreciating against the naira.

If the dollar keep appreciating that means the cost of goods and services will increase, which will make life more difficult for you.

If you like keep buying dollar and saving it in dollars or usdt, as long as exchange rates are not stable, you are losing and also losing even when you convert your saved dollar back to naira, inflation will devalued it.

You ought to have the dignity or the semblance of it to join your fellow Buhari praise singers in hiding!

There is no shame in supporting a failure ignorantly or carelessly... But nothing can be as ignoble as knowingly persisting in it.

Please, give over!!!

2 Likes

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by membranus: 2:15pm On Sep 03, 2021
hisexcellency34:
And Buhari is still retaining that dullard called Emefiele

Buhari/Emefiele, the two worst economy managers Nigeria has ever installed. They have ruined the country for us with their mismanagement of Nigeria finances.

2 Likes 1 Share

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by excellentj4teal(m): 2:16pm On Sep 03, 2021
What Buhari can not destroy does not exist.

3 Likes 1 Share

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by bayelsaowei(m): 2:16pm On Sep 03, 2021
And the same government will come tomorrow and say our economy is infact experiencing growth...
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by oliverwrites: 2:17pm On Sep 03, 2021
Digital marketers who earn in USD/GBP won't feel the impact but I really feel for those who are salary earners.

Life in this country is becoming more and more difficult.

1 Like

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Angelfrost(m): 2:17pm On Sep 03, 2021
Modrov:


You are right....oil prices fall always affects Nigeria.

But the thing is, Buhari had measures that he could have taken to deal with the issue. Measures he did not follow...like removing subsides, fighting corruption, and actually cutting government waste.

Not to mention keeping the nation safe and actively attracting foreign investments, not driving away the few still around...

2 Likes 1 Share

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Ray07(m): 2:19pm On Sep 03, 2021
Angelfrost:


You ought to have the dignity or the semblance of it to join your fellow Buhari praise singers in hiding!

There is no shame in supporting a failure ignorantly or carelessly... But nothing can be as ignoble as knowingly persisting in it.

Please, give over!!!
The other praise singer is yet to be seen on threads concerning his lord and Savior Buhari angry

I keep saying, Nigeria don't have a leader. Make people just device ways how them go survive o.
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by MondayOsunbor(m): 2:20pm On Sep 03, 2021
kingsways:
Such mismanagement of the national currency is an impeachable offence



one question how long shall we continue to suffer in Nigeria


must we be in Nigeria!

1 Like

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by bayelsaowei(m): 2:21pm On Sep 03, 2021
membranus:


Buhari/Emefiele, the two worst economy managers Nigeria has ever installed. They have ruined the country for us with their mismanagement of Nigeria finances.
and clamping down on new initiatives that should help the economy thrive...

1 Like

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by membranus: 2:21pm On Sep 03, 2021
Antoeni:
*State of the Nigerian Nation.*

A typical Nigeria *"Big boy/lady"* wakes up in the morning, turns off his alarm clock made in *CHINA*, gets out of his bedsheets woven in *INDIA*, puts on his clothes made from wool in *BANGLADESH*, shoes from *ITALY*, drinks his orange juice from *SPAIN*, puts milk made in *DENMARK* in his coffee produced in *BRAZIL*.

He jumps into his Toyota Camry car made in *JAPAN* to the *TOTAL* service station *(FRANCE)* to refuel PMS, imported from Europe and takes his *KOREAN* Samsung Galaxy Note 20 Ultra phone made in *TAIWAN* and buys data for his MTN SIM card *(SOUTH AFRICA)*.

At noon, he leaves his COCA-COLA *(USA)* office and joins his friend who smokes *AMERICAN* cigarettes, they eat *THAILAND* rice, drink *ITALIAN* wines and returns home to watch the El Classico on DSTV *(SOUTH AFRICA)*.

*Without spending a kobo on anything made in Nigerian and you want Nigeria to grow!!!?*

It will take magic for the Naira to stabilize against the dollar_*.

How many Nigerians have the financial capacity to behave according to your stupid analysis above?
Less than 1%.

So your defence of your master's incompetence holds no water here.
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by mkoabiola: 2:21pm On Sep 03, 2021
As far this daura vegetable is in power


Dollar will continue to rise and naira will continue to fall cos he will rather employ his docile kinsmen over competency

2 Likes

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by robosky02(m): 2:21pm On Sep 03, 2021
APC....




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