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Nairaland Forum / Nairaland / General / Business / Dollar Hits All-time Low, Crosses N1,500 At Official Market (27141 Views)
Naira Crashes To All-time Low, Hits N1043.09/$1 At Official Market / Naira Hits All-Time Low Of ₦1,152/$1 In Black Market / Investor & Exporter Window Crashes to All Time Low At N788.42/$1 (2) (3) (4)
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Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by sofeo(m): 1:08pm On Feb 13 |
It's well. |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by NGArmyTerrorist: 1:08pm On Feb 13 |
You gonna reap! Just what sow! You gonna reap! just what you sow 7 Likes 1 Share |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by Jmk9292(m): 1:08pm On Feb 13 |
Can it ever get better? |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by EdiskyHarry: 1:08pm On Feb 13 |
Sad... Everyday moving from bad to worse. 2 Likes |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by Karleb(m): 1:08pm On Feb 13 |
"Is it Tinubu that is selling the dollar? Are we spending dollar in Nigeria? " I have no affiliation whatsoever with this devilish government. The post is an irony 2 Likes |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by Karleb(m): 1:09pm On Feb 13 |
NGArmyTerrorist: You cannot plant stone and harvest yam tuber. Never! 2 Likes |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by Itiskdg121(m): 1:10pm On Feb 13 |
This is an unfortunate news. I wish have super powers to make things right. So sad 1 Like |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by adonainana: 1:10pm On Feb 13 |
I believe the reason all interventions are failing is there was a report about 2 weeks ago that there is no expected revenue from oil from the next 6 months because NIGERIA HAD BORROWED it I don’t know who was reckless to reveal such but I think this time around there is no actual real revenue in site to curb the falling naira When they summoned the mini CBN at the senate too, he started blaming the fall of the dollar on foreign students . Really foreign students resuming school in February made the naira fall ? Nigeria only exports crude oil which of course is sold at the international market in dollars Also the cbn recently stopped ways and means to the FG until its previous ways and means had be repaid back. So we are in big trouble officially Diversify the economy you people did not hear Diversify the economy leave crude oil alone Grow cocoa Grow bananas Carrots Grow cassava which can be processed into sorbitol, ethanol , starch, flour etc There are so many countries on this planet that have NO OIL RESERVES and have more money than Nigeria Panama, Uruguay, Cambodia , Singapore, Hong Kong, Switzerland These countries are not Nigeria mate and they don’t have one single oil well So who get hear make them hear 11 Likes 4 Shares |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by kingxsamz(m): 1:10pm On Feb 13 |
The old vegetable called Tinubu is after our lives, but brainwashed Fuuls are too blind to see it. 4 Likes 1 Share |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by iLegendd(m): 1:11pm On Feb 13 |
I pity those making all their money or earning their salary in Naira only. I don't pity any poor man who has more than 4 kids. 8 Likes |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by BluntCrazeMan: 1:12pm On Feb 13 |
Such a sweet expensive valentine's gift. 2 Likes |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by CyberWolf: 1:12pm On Feb 13 |
abhosts:No reasonable foreign investor will invest in a country where there currency is unstable. Nigeria is only good for investment if you’re making money in Nigeria. Any other thing is like pouring money into a bottomless hole. 3 Likes 3 Shares |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by merits(m): 1:13pm On Feb 13 |
ogododo: We shall break through one day |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by onuman: 1:14pm On Feb 13 |
Tinubu's political alliance of 2014 is the killer to Nigerians. Where's the head of a man who struggled for more than 12 years beginning 1996 for political restructuring of Nigeria, but in 2014, formed a political alliance with the leader of the group that acutely resists political restructuring of Nigeria? 4 Likes |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by themanderon: 1:14pm On Feb 13 |
Soon the naira will be at 5000 to a dollar like play like play and you will need about 20k to buy a medium sized loaf of bread all because of our foolishness. We see light yet we deliberately choose darkness and complain when darkness sinks it's fangs into our flesh. They stole political power and ran away with it now they don't know what to do with it anymore. How foolish can one be? 13 Likes 1 Share |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by CyberWolf: 1:15pm On Feb 13 |
Karleb:Your Tinubu is the president, the buck stops at his table. His economic policy is what brought the country to its current state and the way it’s going, it doesn’t look good. 9 Likes 2 Shares |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by MasterShifu010(m): 1:16pm On Feb 13 |
Politics and capitalism are two different things 1 Like |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by Konquest: 1:17pm On Feb 13 |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by 7brigade: 1:17pm On Feb 13 |
SuperEagles:What is dis distractions on a sensitive matter Wut concern anambra mother ... |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by ABC101FF: 1:18pm On Feb 13 |
Airheads making policy decisions. This is what you get. |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by Klington: 1:18pm On Feb 13 |
SuperEagles: Stack illiterate. 6 Likes
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Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by drehdinho(m): 1:18pm On Feb 13 |
Kpartners: I doubt if you people shouting Obi are aware he’s one of the corrupt leaders. You people should stop fighting the wrong cause. You won’t listen. Your immediate eastern governors are they not stealing your resources right now ? Is the same thing not happening across the country regardless of the tribe ? So what’s the issue exactly with you idiots? Can’t you apply sense to know this is not a tribal war. Our common enemy is the leader that fails to deliver. Free yourself from tribal and mental slavery. 3 Likes |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by reiddecuti: 1:18pm On Feb 13 |
The only solution on sight is that it will get to a threshold where everyone (government officials, political leaders, market speculators, business men, oversea students, medical tourists, money launders...) will be overwhelmed. Untill then, let's enjoy the mess while it last. BTW, it seems dollars will be hitting #2000 per $1 pretty soon than expected. Nigeria is really in a big mess. 2 Likes |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by xandy84: 1:18pm On Feb 13 |
Even Nigerians abroad would not even think of investing back home. I finished my housing project at the cost of $95k and a year later, it's a very bad investment cos as $$ appreciate against naira, the project is beginning to look like white elephant project but the saving grace is I did not borrow to finance it and I never intend to recoup my investment thru rental. Consistent depreciation of naira is turn off for investors and it wil worsen our unemployment issue for real. abhosts: 8 Likes 1 Share |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by Nostring: 1:19pm On Feb 13 |
IduNaOba:some of u low self esteem,unimportant Igbos Sha like dey cap nonsense dey feel yourself..like anyone give a damn about u or what u do😴 1 Like |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by BXNX: 1:19pm On Feb 13 |
who we offend oh God 2 Likes |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by INTEGRITYA1(m): 1:19pm On Feb 13 |
[quote author=abhosts post=128433293][b]Who exactly is benefiting from an ever falling Naira? What kind of cruelty is this? In 2019, a friend of mine based in the US invested $200,000(N72,000,000 at that time) into Nigerian real estate. Now his investment is valued at about N200,000,000($135,000). Despite the fact that his naira investment tripled in value, it was still not worth it from a dollar perspective. He is now regretting his decision because he would have been better off just leaving his $200k in the bank when you consider it is now worth 32 percent less. This is an example of foreign investor they claim to be courting. Must he convert it back to dollar rate? Let the person keep enjoying is Naira appreciation. |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by o123456789(m): 1:20pm On Feb 13 |
Since January 31 2023 I got a Dollar prepaid debit card for my everyday use because I can't risk taking the original debit card tied to my dollar account because of security, and today I am reaping the benefit of what I did a year ago, I urge everyone to begin to deposit in dollars and spend in Naira, with that your finance is bulletproof against the rise of dollars. Your life will be very sweet if you can earn in dollars now... Update and upgrade yourself to get a remote job that can earn you USD or GBP today, every minute your salary/wage will continue to increase as Naira falls. 3 Likes 1 Share |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by CatchMeIfUCanMO: 1:20pm On Feb 13 |
Misleading topic, It should have been Naira hit all time low, crosses 1500 mark at official market. 9 Likes 1 Share |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by valentineuwakwe(m): 1:21pm On Feb 13 |
We might be heading the way of Venezuela or Zimbabwe in terms of financial crisis of our currency and the economy if urgent steps is not taken now..... What has happen to all our financial and economist experts? I wept for my beloved nation in times like this.. May God help us at this time of our nation! Amen. 1 Like |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by reubenobi(m): 1:21pm On Feb 13 |
obataokenwa:abeg, no forget me. |
Re: Dollar Hits All-time Low, Crosses N1,500 At Official Market by BreconHills(m): 1:21pm On Feb 13 |
Kukutenla: It will help liquidity as funds can flow through banking system at a near to Street price. 1 Like |
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