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Nairaland Forum / Nairaland / General / Business / Naira Now 172 Naira To A Dollar. Why? (54606 Views)
Naira Now N225 In Paralllel Market On Friday 25th June 2015 / Devaluation: Naira Now N183 To The Dollar / Naira Now N166 To $1. Can Someone Tell Me What Is Happening? (2) (3) (4)
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Naira Now 172 Naira To A Dollar. Why? by mayorall(m): 4:39pm On Nov 13, 2014 |
Naira is now ₦172.4. Naija which way? External reserve depletion or stealing?. http://ngn.fxexchangerate.com/ 13 Likes 3 Shares
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Re: Naira Now 172 Naira To A Dollar. Why? by stevolinkon40: 4:44pm On Nov 13, 2014 |
mayorall:i was charged 174.504 to a dollar. first bank mastercard today on ebay 6 Likes 1 Share |
Re: Naira Now 172 Naira To A Dollar. Why? by mayorall(m): 4:47pm On Nov 13, 2014 |
Wow I made FP special dedication to my lady *missmayorall*. My business partner *kennyman20* . My business friends. ymodulus, mcfynest, youngzedd, madam Tyconcepts, merit, oga steven. My pb buyers, ojestas, oga damc, octavo, juwonmannia, rasco, Beckham. And many I can't remember. Special thanks to my CSO (walker). My six months old GSD Now feeling on top of the world, good news just hit me from Asia, my goods had arrived ![]() ![]() ![]() To those that are jealous of me , You will also hit FP in the nearest future, just a matter of time ![]() ![]() ![]() Long live seun long live the mod and super mods Long live nairaland Long live Nigeria 30 Likes 2 Shares
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Re: Naira Now 172 Naira To A Dollar. Why? by Seye25(m): 4:48pm On Nov 13, 2014 |
why this time. i tried to send some cash to dubai and i was charged 175naira... e pain me 1 Like 1 Share |
Re: Naira Now 172 Naira To A Dollar. Why? by Tallesty1(m): 4:49pm On Nov 13, 2014 |
stevolinkon40:Same here. UBA master card on godaddy. 3 Likes |
Re: Naira Now 172 Naira To A Dollar. Why? by stevolinkon40: 4:53pm On Nov 13, 2014 |
mayorall:180? Whats the way forward on this o..its damn too high. i think legalwealth (preseg) maybe able to help 2 Likes |
Re: Naira Now 172 Naira To A Dollar. Why? by Nobody: 4:55pm On Nov 13, 2014 |
Crazy, on a side note, has anyone ever tried to change naira outside Nigeria before? I tried it once, and could not succeed. 1 Like 1 Share |
Re: Naira Now 172 Naira To A Dollar. Why? by mayorall(m): 4:55pm On Nov 13, 2014 |
Seye25: At what time sir?. |
Re: Naira Now 172 Naira To A Dollar. Why? by edogirl2: 4:56pm On Nov 13, 2014 |
If Naira is allowed to float and find its 'natural' level it will hit $200 before the elections. I hope oil prices recover a bit otherwise the CBN will be run out of town trying to support the naira. 4 Likes |
Re: Naira Now 172 Naira To A Dollar. Why? by Abagworo(m): 5:00pm On Nov 13, 2014 |
Whose fault? Our leaders who have wasted these past 9 years of high oil price to enrich their pockets without remembering the dooms day. My prayer is that we experience paradigm shift next year so that less focus will be on oil and subsidy stealing will end. 49 Likes 2 Shares |
Re: Naira Now 172 Naira To A Dollar. Why? by MyMouth(m): 5:03pm On Nov 13, 2014 |
Outcome from 16 years of misrule by PDP ![]() 122 Likes 4 Shares |
Re: Naira Now 172 Naira To A Dollar. Why? by paranorman(m): 5:04pm On Nov 13, 2014 |
Mehn, this is worrying.. 3 Likes 2 Shares |
Re: Naira Now 172 Naira To A Dollar. Why? by Eghosa1(m): 5:04pm On Nov 13, 2014 |
Oil's crash continues to hurt Nigeria. Let's hope the CBN intervenes quickly. Since the start of November, we've lost against the dollar at an alarming pace. Our reserves clearly can't help. Other Measures have to be put in place clearly. 11 Likes |
Re: Naira Now 172 Naira To A Dollar. Why? by edogirl2: 5:08pm On Nov 13, 2014 |
Corruption is clearly a massive problem with this administration but it is difficult to re-engineer an addiction (to oil) in one or even two administrations. Fundamental restructuring of the economy away from over - dependence on oil should have started earnestly a long time ago. At least from OBJ's time. And it requires a well thought - out National Industrial Policy that survives from administration to administration. 17 Likes |
Re: Naira Now 172 Naira To A Dollar. Why? by Nobody: 5:09pm On Nov 13, 2014 |
I received WU Today via quickteller and got Credited @171 per dollar. ![]() ![]() ![]() ![]() ![]() ![]() 5 Likes 1 Share |
Re: Naira Now 172 Naira To A Dollar. Why? by surveyProf(m): 5:11pm On Nov 13, 2014 |
I think the fault is as a result of excess demand for dollars from importers and frm the economics point of view, when there is more import than export, there is unfavourable balance of payment, likewise the falling prices of oil too, it will get back to normal soonest, i.e Cbn pegging the dollars. 9 Likes |
Re: Naira Now 172 Naira To A Dollar. Why? by atlwireles: 5:14pm On Nov 13, 2014 |
There's no need wasting the reserves supporting the Naira. Allow the currency, find its true value. The implications are less today, than they were years back. Nigeria has a strong growing non oil export market, this will only help that sector. 5 Likes |
Re: Naira Now 172 Naira To A Dollar. Why? by jcflex(m): 5:20pm On Nov 13, 2014 |
still fresh air 51 Likes 1 Share |
Re: Naira Now 172 Naira To A Dollar. Why? by Nobody: 5:20pm On Nov 13, 2014 |
This isn't a surprise to me... We have been shouting that the economy is falling apart and some people interpret it to be hate. As patriotic people, we must salvage the economy. The PDP is a bad market, and it is worse since the last 5 years, Let's make the Change 77 Likes 2 Shares |
Re: Naira Now 172 Naira To A Dollar. Why? by datguru: 5:21pm On Nov 13, 2014 |
I like it 2 Likes 1 Share |
Re: Naira Now 172 Naira To A Dollar. Why? by mcdokwe(m): 5:21pm On Nov 13, 2014 |
Economic dynamism, currencies rise and fall and this is mostly influenced by the strength of a nations exports. ( I may be wrong though) ![]() |
Re: Naira Now 172 Naira To A Dollar. Why? by kingzjay(m): 5:21pm On Nov 13, 2014 |
The corruption in this country has reached n unprecedented level. Our leaders are so bent on stealing Naira and flying it abroad. Truly our currency has NO value. GOD HELP US!!! 8 Likes |
Re: Naira Now 172 Naira To A Dollar. Why? by QMark: 5:21pm On Nov 13, 2014 |
Why? Are u asking me? I resemble GEJ? 8 Likes |
Re: Naira Now 172 Naira To A Dollar. Why? by Youngzedd(m): 5:21pm On Nov 13, 2014 |
Odikwa very risky. I see it coming. Now 1 US Dollar equals 172.55 Nigerian Naira 1 Share
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Re: Naira Now 172 Naira To A Dollar. Why? by Sezua(m): 5:21pm On Nov 13, 2014 |
signs of igbeyin aye 1 Like |
Re: Naira Now 172 Naira To A Dollar. Why? by stinggy(m): 5:21pm On Nov 13, 2014 |
Motherland finally bankrupted ![]() And every now and then you'll see NOI blabbing and quoting bizarre figures. Walahi, we've been sold for pittance. GEJ is really fulfilling his destiny - To bankrupt and balkanize Nigeria. It will only get worse! 27 Likes |
Re: Naira Now 172 Naira To A Dollar. Why? by MZdamola(f): 5:21pm On Nov 13, 2014 |
Cos its bound to happen... why ask us? 1 Like 1 Share |
Re: Naira Now 172 Naira To A Dollar. Why? by clara472: 5:21pm On Nov 13, 2014 |
Boko Haram invades Askira, Wamdiyo in Borno ASKIRA IS 2HRS 15 MINS FROM MAIDUGURI. DUG UP THE MAP FROM GOOGLE EARTH Source: http://www..com.ng/index.php/national-news/item/1300-boko-haram-invades-askira-wamdiyo-in-borno 1 Like
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Re: Naira Now 172 Naira To A Dollar. Why? by gen2briz(m): 5:22pm On Nov 13, 2014 |
This fresh air na baba... 1 Like |
Re: Naira Now 172 Naira To A Dollar. Why? by sammycarz(m): 5:22pm On Nov 13, 2014 |
Dis is good news for yahoo boys 21 Likes 2 Shares |
Re: Naira Now 172 Naira To A Dollar. Why? by timpaker(m): 5:22pm On Nov 13, 2014 |
Devalue the naira? ![]() ![]() ![]() ![]() 2 Likes 2 Shares |
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