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FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours - Business (4) - Nairaland

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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

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:


Make your comments without always seeking our validation.

Thank you
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:


Crypto currency

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:
Crypto P2P traders want to kill us in this country. But how are they still manupulating the naira? I thought they have been banned left right and centre.
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:
More exportation should be encourage to strengthen the Naira.

Anyway, those of us earning dollars online are always smiling to the Bank grin

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
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:


No country allows the free market to operate, not when they've regulations and tariffs to protect their local producers. It's all a facade.

The Idea of a capitalist utopia is one of the greatest hoaxes ever pulled on man.


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:


Jargoons. Economy was by far better when debt servicing was eating up that 90% you mentioned than under this Tinubu that debt servicing is eating up 63% or more.
As reported by the CBN this week, our economy has been contracting for past eight months straight due to this Tinubu's wicked economic policies that are targeting the masses

K.
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by nairalanda1(m): 9:36pm On May 05
Ykc2:
una go defend tinubu tire

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:
Just like that, Nigerians have accepted this anomaly.
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:


APC borrowed so much money to finance projects we that can't repay the loan and most money were stolen.
So the problem is with the borrowing APC did that made them to service loan with almost all revenue

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:
What or who's to blame this time around?

Sighs.
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:
What or who's to blame this time around?

Sighs.
Re: FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours by Mandate1: 10:07pm On May 05
nairalanda1:
Strong currency nations are nations that export manufactured goods and services, and allow the free market to operate
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:
I think say odumeje don return

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:


Nigerians!! Keep messing up your own economy and keep shouting at your government. Soon, you all will understand that not the government but we the citizens are at the receiving end of this economic sabotage.
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:
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?
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:
Na only "Toh" you sabi talk?


Peter Obi no Dey involved na grin

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:


Your validation is worth nothing, but the fact that you're enjoying in this economy is good motivation for your fellow APC supporters. I'm just helping them to avoid depression
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:


Nigerians!! Keep messing up your own economy and keep shouting at your government. Soon, you all will understand that not the government but we the citizens are at the receiving end of this economic sabotage.
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:
Strong currency nations are nations that export manufactured goods and services, and allow the free market to operate
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:
Cryto ke? What happened to CBN Governor ? U leave who you go blame dey blame children.. Una go must learn lesson for this renewed hopelessness
grin grin grin grin 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:
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.
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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