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Nairaland Forum / Nairaland / General / Business / Naira Sinks To 530 Against Dollar, Pound Hits N720 (31906 Views)
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 naija1stnigar(m): 3:57pm On Sep 03, 2021 |
Next statement from Buhari: Nigeria's economy is on all time high since 2014, when it comes to Apc performing their duty they are clueless but to add more insults to injury they are highly intelligent. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by AkaraAndBread: 3:57pm On Sep 03, 2021 |
OmovuduTheBeast: Ogbeni calm down. Don't allow your anger to misrepresent the facts on ground. BMC e-rats are paid N15k monthly.. Ask any of them. 2 Likes 1 Share
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Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 3:58pm On Sep 03, 2021 |
Comedian2019:Mention Emefiele, monetary policy is controlled by the central bank. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by OmovuduTheBeast(f): 3:59pm On Sep 03, 2021 |
Antoeni: SHUT UP!!! YOU ARE SAYING RUBBISH 3 Likes |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 4:00pm On Sep 03, 2021 |
AkaraAndBread:BMC’s that made you the opposition wailing upandan? |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 4:01pm On Sep 03, 2021 |
Antoeni:Don’t mind them, nothing they produced, nothing their fathers produced, just to be wailing. 2 Likes |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Comedian2019: 4:01pm On Sep 03, 2021 |
Buckeyemedia1:The Chief Financial Officer is Buhari. Nigerians didn't vote for Emefiele. 3 Likes |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by membranus: 4:03pm On Sep 03, 2021 |
Antoeni: We know you. Your job with your master will become obsolete within the next two years. So we will continue to endure you BMC people's intellectual derangement till or before 2023. Meanwhile, hope you are already looking for another job? |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 4:04pm On Sep 03, 2021 |
Comedian2019: The Chief Financial Officer (CFO) of a country (Chairman of The Reserve) Central Bank has primary responsibility for the planning, implementation, managing and running of all the finance & monetary policies. Federal Government jurisdiction is Fiscal policy the use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by BigRocky: 4:04pm On Sep 03, 2021 |
cybriz82:.. You that know everything about abacha,Mr abacha pa,abacha junior brother,abacha support group co-ordinator. Go and re-read my comment,but this time do it very slowly and attentively.. when you have seen were you embarrassed yourself,write me an apology letter. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by poiZon: 4:08pm On Sep 03, 2021 |
bayelsaowei:I tire... Meanwhile the dullard was singing agriculture, making so much noise about Nigerians growing what we consume, yet he can't even invest in agricultural sector. Audu ogbe came in made so much noise, at the end a bag of rice went out of reach of common man, now the nanono entered, price of beans follow suit. Make i no talk of maize... My friend's poultry packed last year december after price of feed went up from 3500 to 6500. The entire 750birds he bought died. My 34k still dey the guy hand till now wey i give am to assist am buy feed. Wetin buhari good at... Rubbish and ingredients |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by misano(m): 4:09pm On Sep 03, 2021 |
thebosstrevor1: Accept it, Buhari & APC has failed. Just accept it. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 4:09pm On Sep 03, 2021 |
membranus:APC in Federal power till @ least 2027. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by BigRocky: 4:10pm On Sep 03, 2021 |
[quote author=AkaraAndBread post=105455458] Abacha is far better. Although he was a kleptomaniac at least he kept sending the country credit alerts more than twenty years after his death. [/quote Nigerians weren't happy during abacha regime too.. Abacha died and Nigerians were celebrating his death. Your point stands though,but does not render mine invalid. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 4:10pm On Sep 03, 2021 |
misano:Better democrazy has failed in Nigeria just accept it, because you cannot tell me anything your state & Local Government has done for you since May 29th 1999? |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Comedian2019: 4:10pm On Sep 03, 2021 |
Antoeni:Trash. Naira can only grow under the following conditions. If corruption stops, and refineries start working efficiently, start-ups are encouraged, brilliant minds are appointed as ministers, rather than people like Lai Mohd or Adamu Adamu. So many policies are killing businesses in Nigeria, just to favour the likes of Dangote. Don't blame the individual consumer, blame the policy makers. 4 Likes |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Newboss(m): 4:12pm On Sep 03, 2021 |
thebosstrevor1: Inflation does not respond instantaneously to factors like exchange rate. It takes weeks for inflation to respond to it. You'd know this if you've been paying attention. That house that was in the market for 50m is still available for 50m despite the fact dollar is now 530. The price of cars and food have not responded yet. You will always have enough time to capitalise on exchange rate changes before inflation responds to those changes. 2 Likes |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 4:13pm On Sep 03, 2021 |
Comedian2019:You must be a civil servant?, you know nothing about economics, We have what we call lame men in economics, you fit the perfect description. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Osashalom: 4:14pm On Sep 03, 2021 |
By December $1 will be #1,000 and £1 will be #1,500. Buhari is out for total destruction of Nigeria. 2 Likes |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Bigsunny01(m): 4:14pm On Sep 03, 2021 |
BigRocky: Dis country tire me reach throat.... Honestly I'm just praying for God favour to locate me make I live dis zoogeria and go look for a greener pasture in anoda man's land since daz de only hope of survival now 2 Likes 1 Share |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Comedian2019: 4:16pm On Sep 03, 2021 |
Buckeyemedia1:You never studied economics, else you'll understand my summary. You must be a technician forming economist on NL 3 Likes |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 4:16pm On Sep 03, 2021 |
Osashalom:Buhari? What do you expect from a people that have chosen no to be creative, Nigerians making foreign exchange are not complaining, they are the ones that control the economy. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by BigRocky: 4:19pm On Sep 03, 2021 |
Bigsunny01: Everyone want to jakpa Naira is loosing value every single day. Miyetti Allah and their terrorist foot sodiers are gaining momentum, while their oga in aso rock is waging war against kanu and igbohor. 2 Likes |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 4:20pm On Sep 03, 2021 |
Comedian2019:Bigoted summary @ best, Dangote has done for Nigeria, what no man in your tribe has done, so give credit where credit is due. How much foreign exchange did your state declare it made last year? Or there’s is just to collect Federal Allocation every month to pay salary & loyalist, then the remainder to build sub standard roads? |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Nobody: 4:20pm On Sep 03, 2021 |
ogododo: It doesn't look to me like the Fulanis are planning to relinquish power in 2023 though. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 4:24pm On Sep 03, 2021 |
TripleOh7:Tell that to pdp, APC is going South. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Nobody: 4:25pm On Sep 03, 2021 |
Buckeyemedia1: I'd rather avoid the lot. They all make my skin crawl. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 4:27pm On Sep 03, 2021 |
TripleOh7:Only political infants don’t know that a Christian Southerner is the next President of Nigeria, if pdp likes let them choose to Fulanis Atiku, & Tambuwal as President & Vice President, they would be soundly defeated. Legally & Rigally. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Nobody: 4:28pm On Sep 03, 2021 |
Buckeyemedia1: I'm not concerned about what will happen in Nigeria. My only concern is how Yorubas can be excised out of Nigeria. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Buckeyemedia1: 4:30pm On Sep 03, 2021 |
TripleOh7:Sorry don’t think that is possible, you are better off planning how you can leave Nigeria to another country. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by chijokz(m): 4:31pm On Sep 03, 2021 |
angelfallz:Here are my reasons. 1. Unfavorable CBN FX policies. 2. Oil prices 3. We're import heavy with little exports. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Comedian2019: 4:31pm On Sep 03, 2021 |
Buckeyemedia1:Dear Mr Economist, Have you asked yourself why your refineries will never work despite billions spent on it? Is it your state government that's responsible for that? Is it Emefiele? Do you know the effect of continuous importation of finished petroleum products on the Naira? States have their own issues anyway. The major ones lie with the Federal. 2 Likes |
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