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Nairaland Forum / Nairaland / General / Business / Naira Crashes To ₦1,210 To US Dollar (33279 Views)
Naira Crashes To All-time Low, Hits N1043.09/$1 At Official Market / Naira Crashes To 1,030/$ As Speculators React / Naira Crashes To Record Low At Official Market (2) (3) (4)
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Re: Naira Crashes To ₦1,210 To US Dollar by Stanislause94: 7:04pm On Oct 23, 2023 |
opamoses1:make them dey deceive you, mumu man werey 5 Likes |
Re: Naira Crashes To ₦1,210 To US Dollar by DND069: 7:04pm On Oct 23, 2023 |
By the end of this tenure, we will congratulate everyone that survived and start preparing for another tenure of pain. Nigeria has sunk! 11 Likes |
Re: Naira Crashes To ₦1,210 To US Dollar by Vision101(m): 7:04pm On Oct 23, 2023 |
Don't mind them. It's all speculative buying. The banks are part of it. If this is reflective of the performance of the economy the smallest packet of biscuit would have been sold above #500. So much round tripping is going on in the banks. Hopefully just one sudden policy will crash all these. Very unfortunately some Nigerians announce the increase in dollar rate with glee as if it's blood. 6 Likes |
Re: Naira Crashes To ₦1,210 To US Dollar by Elvis2kay: 7:05pm On Oct 23, 2023 |
Nigeria is not generating any foreign currency at the moment 5 Likes 1 Share |
Re: Naira Crashes To ₦1,210 To US Dollar by FOOTSOLDIER2(f): 7:05pm On Oct 23, 2023 |
abhosts: Dirty smelling mouth. You wan still dey defend your thiefnibu bobo Chicago the certificate forger ? 7 Likes 1 Share |
Re: Naira Crashes To ₦1,210 To US Dollar by seguno2: 7:05pm On Oct 23, 2023 |
pansophist: All this pale in comparison to the massive looting and stashing abroad in Pandora Papers, by our VIPs. 2 Likes 1 Share |
Re: Naira Crashes To ₦1,210 To US Dollar by pipnator00(m): 7:05pm On Oct 23, 2023 |
Here is a screenshot of my comment here as of 2021 predicting Naira will hit NGN1500 to a dollar. But with Nigeria owing about $3billion worth of unrefined oil to foreign oil majors around the world (from Buhari's Oil swap/futures deal), which could take years to fulfill plus the memo which circulated yesterday about next year's budget financing from mostly borrowing, "Naira will most likely hit NGN2500 to the dollar in before the end of 2024". 11 Likes
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Re: Naira Crashes To ₦1,210 To US Dollar by Alpharey: 7:06pm On Oct 23, 2023 |
callmevirus: I am standing on Tinubu's mandate on this. The mandate should collapse already and let everybody go him own way 🤣🤣 5 Likes |
Re: Naira Crashes To ₦1,210 To US Dollar by AngelicBeing: 7:06pm On Oct 23, 2023 |
Re: Naira Crashes To ₦1,210 To US Dollar by fineboynl(m): 7:06pm On Oct 23, 2023 |
Nigeria needs to be divided. Northerners are bonding this country down. They vote base on ethnic And religious line. Now see where we are now. The hatred between ourselves and low IQ of black peoples is our biggest problem This will continue to get worst as people rushing to save there money in dollars. I will go buy dollar tomorrow 10 Likes |
Re: Naira Crashes To ₦1,210 To US Dollar by Angelfrost(m): 7:06pm On Oct 23, 2023 |
abhosts: Well... According to "Economics Experts", the fall of the Naira is the consequence of removing the cushion of subsidizing or buffering the currency. This means the Naira will keep free falling till people are compelled to quit exchanging it for the Dollar... This clearly means a drastic fall in importation or any business that involves exchanging Naira for Dollars This is supposed to cause a massive inward drive into local production and consumption, with the consequent recovery of the Naira. Everybody must learn Economics under this Shege Promax regime. 3 Likes 1 Share |
Re: Naira Crashes To ₦1,210 To US Dollar by ahnie: 7:06pm On Oct 23, 2023 |
This is not good. |
Re: Naira Crashes To ₦1,210 To US Dollar by Greatness09: 7:07pm On Oct 23, 2023 |
What is really going on…this is really getting out of hand…under how many months of this Government Christ!!!! 3 Likes |
Re: Naira Crashes To ₦1,210 To US Dollar by maticar: 7:07pm On Oct 23, 2023 |
successmatters:We will teach Obi a lesson he will never forget 3 Likes |
Re: Naira Crashes To ₦1,210 To US Dollar by pansophist(m): 7:08pm On Oct 23, 2023 |
seguno2: I agree with you my friend. 4 Likes |
Re: Naira Crashes To ₦1,210 To US Dollar by maticar: 7:08pm On Oct 23, 2023 |
yarimo:Na to enter market remain The day is coming 3 Likes |
Re: Naira Crashes To ₦1,210 To US Dollar by seguno2: 7:08pm On Oct 23, 2023 |
Elvis2kay: Has the president stopped his side hustle ni Tinubu mistakenly shared flats with drug lords in Chicago: Festus Keyamo 1 Like 1 Share |
Re: Naira Crashes To ₦1,210 To US Dollar by Alpharey: 7:08pm On Oct 23, 2023 |
Vision101: Emilokans thought it is something to cheer about 🤣🤣🤣🤣🤣🤣 1 Like |
Re: Naira Crashes To ₦1,210 To US Dollar by FOOTSOLDIER2(f): 7:08pm On Oct 23, 2023 |
opamoses1: Oponu 7 Likes 1 Share |
Re: Naira Crashes To ₦1,210 To US Dollar by Theunbothered: 7:08pm On Oct 23, 2023 |
opamoses1: Zimbabwe is calling you. 8 Likes 1 Share |
Re: Naira Crashes To ₦1,210 To US Dollar by pingpong1: 7:08pm On Oct 23, 2023 |
iwaeda: Singing "On your mandate Naira shall FALL" 2 Likes 1 Share |
Re: Naira Crashes To ₦1,210 To US Dollar by Passionate888: 7:09pm On Oct 23, 2023 |
Tinubu is working Commodification of the naira 1 Like |
Re: Naira Crashes To ₦1,210 To US Dollar by kingthreat(m): 7:09pm On Oct 23, 2023 |
abhosts: Leave Sai Baba make him rest abeg. He left it at 750. Blame the person under whose watch it rose this high. 3 Likes 1 Share |
Re: Naira Crashes To ₦1,210 To US Dollar by Nextt: 7:09pm On Oct 23, 2023 |
Angelfrost: Economic Experts that are preparing to japa 😂😂 Hardship no dey hear english 😂 3 Likes |
Re: Naira Crashes To ₦1,210 To US Dollar by truthhurtsnaira: 7:09pm On Oct 23, 2023 |
“Nigerians” absolutely deserve this! You support shyt you get shyt… It’s not about wearing weaves and dancing all day on social media… Jealousy and greed and pleasures go kill all of una… 3 Likes |
Re: Naira Crashes To ₦1,210 To US Dollar by yusman14(m): 7:09pm On Oct 23, 2023 |
123readygo:Please sir can you explain how I can convert my naira to dollars and save. What is the process? I'm afraid that the money I'm saving for my final year project night loose value completely before then. 2 Likes |
Re: Naira Crashes To ₦1,210 To US Dollar by seguno2: 7:10pm On Oct 23, 2023 |
Angelfrost: Did this happen in Zimbabwe Why not? |
Re: Naira Crashes To ₦1,210 To US Dollar by spencekat(m): 7:10pm On Oct 23, 2023 |
123readygo:Bro, na fear dey cause am. |
Re: Naira Crashes To ₦1,210 To US Dollar by pansophist(m): 7:10pm On Oct 23, 2023 |
Last year or so, when one USD exchanged for N500, there was a social media uproar. The internet was filled with anger and sadness about the state of Nigeria. Fast forward to today, it's over N1200 per dollar, and Nigerians didn't make a fuss about it, which just goes to show that the masses have given up on the country. 28 Likes 6 Shares |
Re: Naira Crashes To ₦1,210 To US Dollar by Basicend: 7:10pm On Oct 23, 2023 |
You people keep electing very old, sick, vegetable brains as your leaders in this country. . Thieves that have stolen billions of dollars that can't feel any winds of a negative economy in the next 30 years. . You had a Buhari. . You handed Barton to a Tinubu. . Same sick vegetables that can't even comprehend a paragraph of message in a paper. 9 Likes 2 Shares |
Re: Naira Crashes To ₦1,210 To US Dollar by spencekat(m): 7:11pm On Oct 23, 2023 |
yusman14:Go to BDC guys and buy. Open a domiciliary account and save it there. Naira is gone. 2 Likes |
Re: Naira Crashes To ₦1,210 To US Dollar by DeepSight(m): 7:11pm On Oct 23, 2023 |
Jallotti: @ the bold! |
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