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Nairaland Forum / Nairaland / General / Business / FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours (29575 Views)
Naira Depreciates By ₦81/$ At Foreign Exchange Market / FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom / Economic Crisis: Naira To Fall Further In January, Says CBN Report (2) (3) (4)
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Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Phantom233: 9:12pm On May 05 |
APC which way? 1 Like
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Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by brightleave(m): 9:13pm On May 05 |
I think say odumeje don return |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by tctrills: 9:15pm On May 05 |
helinues:They need to remind you what your choices have caused. You need that constant remainder. You always talk about the enemies of Nigeria so they need to show you who the real enemies are. 3 Likes |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Owutuotuo(m): 9:15pm On May 05 |
Dubetex96: Please explain. |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Banabi: 9:17pm On May 05 |
It's not sustainable. Everything they are doing, is a cosmetic remedy. Production is the only way. 1 Like |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Coolboy009: 9:22pm On May 05 |
bigiyaro:Oga it is your clueless and visionless government that has been killing you. As a country, you can't produce and export goods and services to other countries, you can't attract foreign investors due to high levels of insecurity and corruption, and You import most of your goods and services. And expect your local currency to be stable and appreciate against major foreign currencies. How? 2 Likes |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by yemmywesey(m): 9:22pm On May 05 |
Digiwiz: What do you have , that you want to export, except you want to export hero beer which won't be allowed by the customs of USA britain and Eu to enter their country except you want to export your village, And the useless crude oil being exported , the foreign earnings is being embezzled and never being accounted for |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by livebullet(m): 9:23pm On May 05 |
ogododo: Where is Cardi BAT? Dem think say economy dey easy to window dress? |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by george5084(m): 9:29pm On May 05 |
No matter the hardship Nigerians will face GOD pass them...my 2 cents |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by nairalanda1(m): 9:33pm On May 05 |
Neoteny: There is no socialist utopia either. Years of subsidy for things are why we are here. |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by nairalanda1(m): 9:34pm On May 05 |
maasoap: K. |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by nairalanda1(m): 9:36pm On May 05 |
Ykc2: And you missed my point completely. Good evening. No be everything be defence of tinubu. Especially my last sentence in that comment you think is a defence of him. Anyway, your obi, atiku and tinubu are the same thing to me. As for me, I choose the leader that will make us industrially developed. It isn't tinubu or apc or any of them |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by mignone(f): 9:37pm On May 05 |
descarado:Before nko? Our sense no too carry am. Carrying capacity: - 0.8 |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by nairalanda1(m): 9:37pm On May 05 |
fastseo: They borrow because the alternative means more taxation and the long road to industrialization, which most of them are too scared to follow It also means total subsidy removal. Dem no want. |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by darediamond(m): 9:46pm On May 05 |
LibertyRep:OKX |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by MaziX(m): 9:50pm On May 05 |
Foolish reno say na buy Nigeria.. lol.. very foolish boy.. we need to face reality. Naira has only one solution. Corruption! Fight it |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Ladoja19: 9:58pm On May 05 |
If not for NEPA that refuses to bring light Dollar for fall Yakata LibertyRep: |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Mandate1: 10:07pm On May 05 |
nairalanda1:this is why the Lagos - Calabar coastline road is not necessary. If dat trillions is poured into power sector, we for ṣee the difference in 4yrs. Unfortunately, our leaders' scale of preference differs. 3 Likes |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Usmanovic95(m): 10:10pm On May 05 |
brightleave: Is he the CBN governor or the finance minister?who him return epp |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by eteebanky1: 10:12pm On May 05 |
Y'all shouting production What have you produced for export all your life Hypocrites |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by StarRiderr: 10:13pm On May 05 |
maasoap:bia this idiot stop writing this nonsense here if your 🧠 is dormant you keep quiet 1 Like |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Tendd: 10:14pm On May 05 |
I don't understand why the finance team decided to talked the president into floating our currency, knowing well that we are not a robust nor a competitive economy.That decision was not well thought out and we the common citizens are currently paying dearly for it.The Naira is depreciating and prices of basic commodities are skyrocketing.It's certain that the Naira will get to 2000 and above per dollar,by the end of the year,going by this projection. 3 Likes |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by bigiyaro(m): 10:19pm On May 05 |
Coolboy009:you should be able to recognize sarcasm when you see one. |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Earthquakes: 10:23pm On May 05 |
ShoeGetSize: Peter Obi no Dey involved na 1 Like |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by karkinase(m): 10:25pm On May 05 |
Nothing like free market anywhere in the world, but instead of the government to do the right thing, they prefer to go for the easier target, |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by flyinnizam(m): 10:27pm On May 05 |
ClearFlair:he is not enjoying any shittttt...suffering and smilling |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by bigiyaro(m): 10:27pm On May 05 |
maasoap:there is no sabotage anywhere, fx no dey fear face, it's bigger than Nigerian way of doing things. If you want strong naira, tell your politicians especially governors and ministers, to stop stealing the naira and converting it to dollars for hiding, Tell Tinubu to as a matter of priority make the Nigerian environment condusive for business and production. Tell the military and individuals to stop stealing crude, tell Nnpc and CBN to remit all crude sales completely, also tell your fellow Nigerians to stop importing toothpicks, biscuits and all manners of bullshi*t. Until then, we all be in this mess. 1 Like |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by emorse(m): 10:30pm On May 05 |
nairalanda1:There's no such thing as free market anywhere in the world bro. If you look closely enough, you'll find some form of government regulations. Free market is nothing but a recipe for disaster. |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by ohil: 10:31pm On May 05 |
That's normal when the currency is floated. |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by bigiyaro(m): 10:32pm On May 05 |
BigYash:wetin you want make I talk, imagine all these small small boys doing P2P having the power to manipulate a whole country's currency, a country selling crude for that matter. APC has nothing to do for a positive change in Nigeria. |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by ohil: 10:33pm On May 05 |
Check Aboki Fx |
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by emorse(m): 10:34pm On May 05 |
bigiyaro:Absolutely!! Some of us have said this for long but unfortunately those people seem to lack the mental capacity to comprehend. End corruption and well be completely out of this mess in less than two years. |
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