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Nairaland Forum / Nairaland / General / Business / Dollar Hits ₦1,900; Pound, ₦2,250 (21422 Views)
Dollar Hits All-time Low, Crosses N1,500 At Official Market / Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks / Massive Job Cut Looms As Dollar Hits ₦590, FOREX Scarcity Bites Harder (2) (3) (4)
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Dollar Hits ₦1,900; Pound, ₦2,250 by Nemere2020: 7:29am On Feb 21 |
The naira Tuesday slid further at the parallel market in spite of the clampdown the federal government ordered on foreign exchange market speculators. https://dailytrust.com/despite-fgs-clampdown-dollar-hits-n1900-pound-n2250/#:~:text=Bureau%20De%20Change%20(BDC)%20hubs,was%20exchanged%20for%20N2%2C250.. 2 Likes 3 Shares
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Re: Dollar Hits ₦1,900; Pound, ₦2,250 by donestk(m): 7:33am On Feb 21 |
Buhari de-marketed the north Tinubu is de-marketing the South West. The president seems only good at dirty politics. He knows nothing about governance. 108 Likes 3 Shares
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Re: Dollar Hits ₦1,900; Pound, ₦2,250 by michlins(m): 7:39am On Feb 21 |
₦2000 before end of the week 92 Likes 2 Shares |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by phorget(m): 7:41am On Feb 21 |
Hitting 2000 is our target, from Yoruba RONU to Yoruba RUN O! 191 Likes 8 Shares |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by Tntsi: 7:45am On Feb 21 |
No suprises! . Early in the year, we said it will hit 2000 but the speed at which it is hitting is beyond what I thought. This is not a thing to laugh about. Every person who values this nation and the generations coming should be concerned about this. What we need to do as a nation is to do everything to repair the desecrated altar. There is a curse on the land which is the consequence of the desecration and cursed mandate. Every person who was involved and those who benefitted from the desecration of the ancient landmark set by the fathers must go. Any other thing apart from this will be one step forward and hundred steps backward. 70 Likes 6 Shares |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by Cassandraloius: 7:50am On Feb 21 |
NA wa! |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by ValCon888: 7:52am On Feb 21 |
Tinubu was acting with bold braggadocio when he was sworn in, but we knew nothing dey him head. I support subsidy removal or the removal of the corruption in subsidy, but the way he went about it showed he had no love for the masses. Making utterances without understanding the consequences. It's been suffering since day 1 of his presidency and the worst is yet to come. 98 Likes 2 Shares |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by God1000(m): 8:06am On Feb 21 |
It's a very frightening situation 25 Likes 1 Share |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by vastolord4(m): 8:07am On Feb 21 |
It's getting realer than real.. its soo sad most people this generation won't experience a blissful nigeria, at least our parents gave us a detailed story of how they got job offers right from secondary school and that was if you didn't have an opportunity to further your education in the university. Seriously, consider leaving nigeria! Just leave it for them, for your kids to know they have a parent to tell them the story cos nigeria will not end us. People are looking older than their ages now!! Fact 45 Likes 2 Shares |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by Kennyswag: 8:08am On Feb 21 |
We don't spend those currencies in the streets of Nigeria. 5 Likes 1 Share |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by Biafrannuke: 8:41am On Feb 21 |
By early March, thousands will collapse on the streets as a result of hunger. Many will die. There will be massive looting of government warehouses and gradual return to the state of nature in North and SW. Bandits will stop charging in Naira and charge in US dollars and food. By April, nizoorians will eat grass and ministry of health will sensitize them on healthy grass options, there will be famine refugee camps and outbreak of kwashiorkor in North and SW worse than the civil war times. Communities will mobilize billionaires to share palliatives to household in Biafra land. MNK cursed the zoo. The plague is just starting unless they give us Biafra. I am not bluffing 41 Likes 4 Shares |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by tobenuel(m): 9:00am On Feb 21 |
By this time tomorrow it will hit 2050. let it known in Nigeria's history that APC and tinubu destroyed this country [wey e be say devil sef go dey ask 'how una do am']. I wish The Biblical Paul could write a letter to us already. the impunity is too much. well I can't cry more than the bereaved 16 Likes 2 Shares |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by G00dharddick: 9:00am On Feb 21 |
The people of SW are not yet serious. When they're serious they know what to do! Meanwhile, Obi MUST be taught a lesson even though hunger kee the entire sw people, that's fine! So long obi is taught a lesson! 74 Likes 2 Shares |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by simplepee(f): 9:00am On Feb 21 |
This is so Scary. 11 Likes 2 Shares |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by dettolgel: 9:00am On Feb 21 |
It is highly likely that the economy is being sabotage. My question is who is responsible for this? Is it possible that the current management of the CBN are still busy printing naira? If yes is city boy aware of this or is city boy printing his own share of the naira and converting it to dollars for further laundry? Or are the owners of Nigeria behind this with the intention to build good reason to force city boy out of power and return power to the "born to rule"? At this point it is either that president do not have a clue on what is happening or that he is aware of the situation but unable to do anything about it. This is very scaring we are in deep shit we might hit Zimbabwe level of inflation and this will pose a huge threat to national unity. 10 Likes 2 Shares |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by FourQu: 9:00am On Feb 21 |
Oh My Lawd I can never forget the day the man stood up on stage and screamed . . . NA STATISTICS WE GO CHOP? Then LegendHero, mannababaqgrillz, seunmsg, flokii, Emperorceasar, benuejosh, accordadoga26, TimeManager, KingKO22 screamed in climaxed frenzy and raised their hands even during the national anthem to hail their messiah tinubu as he licked the microphone On his mandate shall they stand and scream RoNu RoNu RoNu till they fall flat on their faces 39 Likes 4 Shares
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Re: Dollar Hits ₦1,900; Pound, ₦2,250 by MrBanner(m): 9:00am On Feb 21 |
Has it favoured you and your family yet? Remember when you used to pray stupid prayers like this?? You will all learn. 43 Likes 3 Shares |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by PussyOdour(m): 9:00am On Feb 21 |
Tinubu has really disgrace the self acclaimed sophisticators. Tinubu is the most intelligent and smartest Yoruba man hence the Yoruba presented him to stand election. If Tinubu is the best Yorubas can produce and the most educated Yoruba man, I can only shake my head, because it's now glaring that we were deceived long time ago and we believed that Yoruba tribe is the most educated tribe in Nigeria. That was a huge fallacy. That man Tinubu is a complete dummy, zero sense in governance. 45 Likes 4 Shares |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by Dougad: 9:00am On Feb 21 |
Just kill all of us if na so 😂😂 2 Likes |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by epainos: 9:00am On Feb 21 |
Lol Economists from hell! The bolded part got me. What kind of transaction you cannot do with banks that only BDC can do? Can you read what the so-called lecturers demanding high pay are saying? Mehn! I believe this lecturer is talking about money laundering. Tell me one BDC that has a bigger capital base than the smallest microfinance banks we have in Nigeria that I need BDC where banks are not capable of handling. Na wa ooo! Can you see why Nigeria will not get out of this easily? These are the set that will wage war oooo. Please, if you know the kind of transaction that is justified here, let me know. Cos I am really curious to know what he is talking about. 5 Likes 1 Share |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by Duelee: 9:00am On Feb 21 |
Going by this rate a dollar would trade 4500 Naira before December ... The country has seen her best and brightest days. Now she's a ship heading for sharp rocks 25 Likes 2 Shares |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by RepoMan007: 9:01am On Feb 21 |
I think some persons close to the president are misquiding him. Hoarding is natural if sellers sense imminent price hike or scarcity. And we know that leads to a temporary shortage in supply, and thus price hike. They are two overlapping and complementary phenomenon. That achied one undesirable thing - inflation. |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by Nawa4nl: 9:01am On Feb 21 |
Running a successful drug operation does not translate to running a political office. Using a gang of thugs & agberos at state level does not mean that thuggery & Agberoism can go national. Next time people should shun tribalism 42 Likes 1 Share |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by Lannyjoe4u: 9:01am On Feb 21 |
5 |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by EbolaTinubu: 9:02am On Feb 21 |
If e like, make e reach 5000 sef Useless emilokan criminal 6 Likes |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by Eteka1(m): 9:02am On Feb 21 |
E don de be for Naija. Proudly sponsored by Emi Lokan. 15 Likes 3 Shares
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Re: Dollar Hits ₦1,900; Pound, ₦2,250 by christejames(m): 9:02am On Feb 21 |
God 'Airpause' 1 Like |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by MrPOTUS: 9:02am On Feb 21 |
Fuel too don increase price, which means, more increase in price of commodities. 1 Like 1 Share |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by irepnaija4eva(m): 9:02am On Feb 21 |
I'm quite sure if Tinubu knew the Actual dept of Economic Quagmire the previous Government Plunge Nigeria into, He wouldn't Have dared to Contest... He Has a Good Heart with The Nigerian Interest At Heart.. I Just Hope Things will Turn out Well At the End.. 1 Like |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by TOPCRUISE(m): 9:02am On Feb 21 |
When it started Buhari blamed Jonathan. When Tinubu got the presidency Tinubu blamed Buhari. The next president will blame Tinubu. Because they know some enemies of progress out there will support the devaluation and their arguments for this. Government officials and co will defend this by saying either oil, housing, groundnut, agbado, is cheapest in Nigeria than the whole of West Africa. 3 Likes |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by freenature: 9:03am On Feb 21 |
2 Likes |
Re: Dollar Hits ₦1,900; Pound, ₦2,250 by money121(m): 9:03am On Feb 21 |
Ok oo |
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What Can I Start With #5000-#10,000 Naira / How Banks Exploit Cbn's Weakness To Impose Excessive Charges On ATM Users / Total Staff Returns N108k To Customer Who Forgot His Money At Ilorin Station
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