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Naira Sinks To 530 Against Dollar, Pound Hits N720 - Business (5) - 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 snowball11(m): 2:49pm On Sep 03, 2021
hisexcellency34:
And Buhari is still retaining that dullard called Emefiele


And since Emefiele is more brilliant than Buhari; should we then say he's a dunce! grin

2 Likes

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Theunbothered: 2:49pm 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'm surprised one bandit has not chopped off his foolish head already.
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by UnabashedIPOB: 2:50pm On Sep 03, 2021
The naira plunged to a fresh record low against the dollar, the British pound sterling and euro on Thursday amid the lingering scarcity of foreign exchange in Nigeria. The value of the naira fell against the US currency on at both the parallel market and the Investors’ and Exporters’ foreign exchange window. The local currency, which stood at 526/$1 on Tuesday, fell to 530/$1 at the parallel market on Thursday from 528/$1 on Wednesday. The naira dipped to 720 against the pound at the parallel market from 717/£1 on Wednesday, while the euro rose to N620 from N616 on Wednesday.

This is the LIEGERIA that Al-Queda Peoples Congress (APC) government led by Presidiot B0K0HARI promised you. Tighten your seat belts folks because you're in for a very rough ride. In the no distant future, you would need a wheel barrow full of money just to buy a loaf of bread due to hyper inflation and your naira would be so worthless it would be like tissue paper. Good luck with your ONE LIEGERIA!

2 Likes

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by justmondris: 2:50pm On Sep 03, 2021
Thanks to Buhari and the CBN governor for their steady release of stupid policies.

1 Like

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by starz100: 2:52pm On Sep 03, 2021
How much will the naira sink to before it stabilize?
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by edmaraja: 2:54pm 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
When last did oil price fall? Oil price has been stable and even increasing by the day. You zombies are the most evil people on earth, how can you just be manufacturing lies just to defend failure and incompetence? Don't you have any shame?
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Antoeni(m): 2:54pm On Sep 03, 2021
I can’t stop you from displaying your stupidity and foolishness, , it’s your God given
Talent, but please don’t misuse it
membranus:


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 BigRocky: 2:55pm On Sep 03, 2021
Bigsunny01:



De country is sinking every day by day and nobody is even saying anything.

CBN governor dat one is a mumu man, he can't even talk or say anything concerning de situation dat is ravaging de country.. What a country

We don't have leaders is dis country, now I know dat Mr President is truly dead, u don't deserve to be my president, bcoz if truly u are still alive and things are falling apart u will rise and fight for ur dear country

I call on u all to resign if u are not competent enough to lead de country to de right part

Ooh my Nigeria I weep for u cry

Until buhari leave office,there will be nothing like Nigeria. Cowgeria,zoogeria,and fulanigeria has taken the centre stage.

As for the cbn governor, he is on a competition of incompetency with is pay master.

2 Likes

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Ray07(m): 2:56pm On Sep 03, 2021
Angelfrost:


You mean the other court jester forming allegiance to a certain EPL London club, who never let's us rest in Football threads??!... Forget that guy!!! grin
you sabi am grin
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Nobody: 2:57pm On Sep 03, 2021
Told my uncle to put his pension in a dollar investment, the old man wouldn't listen.... stubborn asf. Inflation rate around 15% while his pension is doing 9% per year.....dude is loosing money year but fails to understand, what's pathetic is the millions of people like him... complaining but too fvckin stubborn to take action.

1 Like

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by UndauntedYOCA(f): 3:00pm On Sep 03, 2021
E Don dey be for Nigeria small small.
Pliks if you've got any 20 million Naira you aren't using at the moment lend am to me abeg.
I go pay you once I don hammer. This country don taya me abeg.
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by stasius: 3:00pm On Sep 03, 2021
Jesuuuuuuuuus!
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by PotatoSalad(m): 3:04pm On Sep 03, 2021
bjdon:
Niara is in free fall and Buhari is busy looking for 60 year old grazing routes, that are not even legal anymore.

I hope in 2023 Nigerians will think twice before voting O. Just because somebody suddenly wears suit and bow-tie does not make them competent. Start looking deeply at all the potential candidates. Are any of them profering detailed plans to overcome our various challenges? 2023 is just around the corner, less than 2 years. Shine your eyes this time!
Same people complaining now will still take 1k at polling booth to vote for someone else.
Shii even worse, people will receive cash to scatter the voting process.
Nigeria is beyond redemption now. If you have the means, start preparing to jump ship.

3 Likes

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Kpartners: 3:05pm 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 are a confirmed Economist
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 3:10pm On Sep 03, 2021
clarocuzioo:
Another achievement from the Failure -in - Chief.

What Buhari cannot destroy does not exist.
Stop chasing shadows, Central Bank controls Monetary policies, did I hear you mention Godwin Emefiele? Notwithstanding banks are still making record profits, next time don’t choose a banker from the corrupt sector to be the Chief Regulator (Governor of C.B.N.).
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by witworth(m): 3:10pm On Sep 03, 2021
Let somebody shout hallelujah.
Halle halle hallelujah.
Thank God
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Ojayk(m): 3:11pm On Sep 03, 2021
Economic management of a nation or state is not and ought not to be used for Political Gratification.

Even if your foe is the best fit for the position, get him/her to work for you and watch him/her closely, with your discipline and fire stick at your right hand.

Great economic managers are not politically ambitious, rather they would prefer to go for an unblemished career record.

Finance Minister
Emefiele (even with 10 years in office)

Are products of political gratification, they can't challenge the politicians on their looting spree and the politicians are happy, forgetting that even if they loot in Naira and store in pounds and dollars, wrong management of the economy will devalue their loot when converted to naira for their domestic use because 80% of their loot will be displayed here for us to see.

A true growth minded economy manager needs a true growth minded political leader to perform effectively, where there is a misfit, both of them fails the nation/state.


$1 = N1000.00 as against $1= N1.00......Loading..

2 Likes 1 Share

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by WayoProphet: 3:12pm On Sep 03, 2021
Buhari the destroyer....Spits
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by adedayoa2(f): 3:12pm On Sep 03, 2021
E go soon enter 1k
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by jimter44(m): 3:12pm On Sep 03, 2021
A round of applause for Buhari.
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 3:13pm On Sep 03, 2021
Ojayk:
Economic management of a nation or state is not and ought not to be used for Political Gratification.

Even if your foe is the best fit for the position, get him/her to work for you and watch him/her closely, with your discipline and fire stick at your right hand.

Great economic managers are not politically ambitious, rather they would prefer to go for an unblemished career record.

Finance Minister
Emefiele (even with 10 years in office)

Are products of political gratification, they can't challenge the politicians on their looting spree and the politicians are happy, forgetting that even if they loot in Naira and store in pounds and dollars, wrong management of the economy will devalue their loot when converted to naira for their domestic use because 80% of their loot will be displayed here for us to see.

A true growth minded economy manager needs a true growth minded political leader to perform effectively, where there is a misfit, both of them fails the nation/state.


$1 = N1000.00 as against $1= N1.00......Loading..
True.
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 3:13pm On Sep 03, 2021
jimter44:
A round of applause for Buhari.
Two rounds of applause for Godwin Emefiele.

1 Like 1 Share

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by specialmati(m): 3:14pm 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.
grin grin grin grin you really lack wisdom ask God to gift you wisdom.you leave the devil causing the dollar to sky rocket and keep attacking on country people.nawa for you
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 3:14pm On Sep 03, 2021
WayoProphet:
Buhari the destroyer....Spits
Exporters are happy, not everyone is wailing like you. What does your state export to make foreign exchange? It is the duty of the private sector to generate foreign exchange not the government.
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Nobody: 3:15pm On Sep 03, 2021
clarocuzioo:
Another achievement from the Failure -in - Chief.

What Buhari cannot destroy does not exist.
He should be awarded:
DISASTER-IN-CHIEF of the Federal Republic of Nigeria.
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Kirchoffs: 3:16pm 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
Blame your brainless faáther buhári for this sh!tshow the guy is f00lish in all ramifications
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Kirchoffs: 3:17pm On Sep 03, 2021
Buckeyemedia1:
Exporters are happy, not everyone is wailing like you. What does your state export to make foreign exchange? It is the duty of the private sector to generate foreign exchange not the government.
Anôther braînless imp, joblessness has ruled over your lifé
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 3:17pm On Sep 03, 2021
Kirchoffs:
Blame your brainless faáther buhári for this sh!tshow the guy is f00lish in all ramifications
If your father was any better than President Buhari at best he would have been a Local Government Chairman?
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by od501: 3:18pm On Sep 03, 2021
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 3:18pm On Sep 03, 2021
Kirchoffs:
Anôther braînless imp, joblessness has ruled over your lifé
My guy I make my money in United States Dollars, you want me to be wailing like you? Monday morning I will hit GT Bank to withdraw $100 to verify the new rate @ the parallel market (Black Market) to start the week. Don’t hate, congratulate.
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by wink2015(m): 3:18pm On Sep 03, 2021
BUHARINIZATION + FULANIZATION + NORTHERNIZATION IS THE CAUSE OF ALL THIS PROBLEM.

GOVERNMENT OF THE NORTH, FOR THE NORTH AND BY THE NORTH.

DEVELOP THE PRODUCTIVE SOUTH WHERE THE WEALTH OF THE NATION IS COMING FROM BUHARI SAY NO.

He prefer to draw railway to MARADI IN NIGER REPUBLIC.

What stop him from starting the COASTAL RAILWAY FROM LAGOS TO CALABAR?

What stop Buhari from completing the EPZ Project in Delta state that was left by the Jonathan administration having lost the 2015 presidential election?

What stop Buhari from developing productive sectors of the economy that will drive the economy to development?

BUHARI REFUSE TO ARREST FULANI HERDSMEN THAT ARE ILLEGALLY OCCUPYING SOUTHERN AND MIDDLE BELT FOREST.

He prefer to introduce COLONIAL DAYS GRAZING ROUTE THIS MODERN DAY IN NIGERIA.


Is this how a leader should be thinking this 21st century.

LET HIM GO AND SEE HOW MR PAUL KAGAME of Rwanda is ruling Rwanda.

Rwanda has a dark history of ethnic killing between the tutsi and hutu tribes but since the coming into power of Mr Kagame he has turned that dark page of their life into a success story.

Rwanda is now in the International sportlight for growth and development.

Rwanda has a NATIONAL AIRLINE which Nigeria does not have because CORRUPTION CRIES TO THE HIGHER HEAVENS IN NIGERIA.

1 Like

Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by EndBuhariNow(m): 3:19pm On Sep 03, 2021
Before this clown leave office, Naira will be 1500 to 1 dollars... they will be hawking Naira on the street, this is what I saw



But some people still support and sing song of praises for sai bawbar

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