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Nairaland Forum / Nairaland / General / Business / Devaluation: Naira Now N183 To The Dollar (25953 Views)
Naira Appreciates Against The Dollar / Naira Rallies Against The Dollar / Naira Now 172 Naira To A Dollar. Why? (2) (3) (4)
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Re: Devaluation: Naira Now N183 To The Dollar by OnyeEgo1(m): 12:53pm On Dec 01, 2014 |
As u can c even when the price of oil was up our reserve was still depleted.... We are hopelessly corrupt asin we can't do without it crocodile politicians 12 Likes 1 Share |
Re: Devaluation: Naira Now N183 To The Dollar by stagger: 12:53pm On Dec 01, 2014 |
The CBN should allow the Naira to float to its true level. The true level should be at about N220 to N250. It is only when we start working on our fundamentals that we will get it right. A weak currency is not always bad; but if a country is a net importer then that will be a disaster. 5 Likes |
Re: Devaluation: Naira Now N183 To The Dollar by Afarozy(f): 12:53pm On Dec 01, 2014 |
Mhhhhh! Y is moni n in circulatn? |
Re: Devaluation: Naira Now N183 To The Dollar by holatin(m): 12:53pm On Dec 01, 2014 |
hmmmmm I love this fresh air 1 Like 1 Share |
Re: Devaluation: Naira Now N183 To The Dollar by Badassniggga(m): 12:54pm On Dec 01, 2014 |
Oh man, s#it just got real.... |
Re: Devaluation: Naira Now N183 To The Dollar by vladimiros: 12:54pm On Dec 01, 2014 |
ti the Idiots above me. why did ur leaders not diversify our economy. we are still dependant on Oil and will be for a very long time. |
Re: Devaluation: Naira Now N183 To The Dollar by adedayourt(m): 12:54pm On Dec 01, 2014 |
Its getting interesting by the day ![]() ![]() |
Re: Devaluation: Naira Now N183 To The Dollar by omenka(m): 12:54pm On Dec 01, 2014 |
These are at best fabrication of the APC. Only NOI polls can tell us the true state of affairs. The opposition are just trying to smear the image of the president knowing that the economy has never fared better in the history of this nation!! 4 Likes |
Re: Devaluation: Naira Now N183 To The Dollar by PassingShot(m): 12:54pm On Dec 01, 2014 |
What baffles me is that Nigeria is not even the only country which relies solely on oil to run her business. Most of the Gulf countries rely absolutely on their earnings from oil to run their economies yet hell is not let loose whenever there is a drop in oil price. Just take a look at UAE, Saudi Arabia, Qatar and many others depending on oil to survive. They have not devalued their currency while they continue running their affairs as if nothing has happened. The real difference between us and those countries lies in the fact that they have very robust reserves running into trillion of dollars to call upon to cushion effects of such drop in oil price. They have long known that the oil price could come crashing and they have prepared for days like these. But we on the other hand have been wasteful and senseless in handling our own earnings from that same oil. What this nation has earned in oyel in the last two decades may even surpass what UAE and Qatar have earned in the same period. But take a look at their countries and see how far they've developed them compared to us. May God punish all past and present leaders who have taken it as a duty to pauperize the Nigerian common man. 26 Likes |
Re: Devaluation: Naira Now N183 To The Dollar by pseudonomer: 12:54pm On Dec 01, 2014 |
Good News... Time to hustle harder... 1 Like |
Re: Devaluation: Naira Now N183 To The Dollar by osenimaruf: 12:55pm On Dec 01, 2014 |
Dose this really look like changes |
Re: Devaluation: Naira Now N183 To The Dollar by delman88(m): 12:55pm On Dec 01, 2014 |
Codedrock: sure he go double, bt remember cost of goods will go times 3....... THIS MEANS INFLATION!!!!! 4 Likes |
Re: Devaluation: Naira Now N183 To The Dollar by PassingShot(m): 12:55pm On Dec 01, 2014 |
omenka: This must be sarcasm I believe. ![]() ![]() 3 Likes |
Re: Devaluation: Naira Now N183 To The Dollar by delman88(m): 12:56pm On Dec 01, 2014 |
abbeyoye2001: BY THEN WILL WONT BE ABLE TO BUY ANYTHING IN THE MARKET |
Re: Devaluation: Naira Now N183 To The Dollar by Nobody: 12:57pm On Dec 01, 2014 |
[img][/img] ;Dcant believe I made fp ...thank God for dec, swung,mods .am so ;Dcant believe I made fp ...thank God for dec, swung,mods . sooo happy and 4 Nigeria #Godiswatching |
Re: Devaluation: Naira Now N183 To The Dollar by delman88(m): 12:57pm On Dec 01, 2014 |
celeron40: WHICH STUPID WORK HIM DEY DO? SMH 1 Like |
Re: Devaluation: Naira Now N183 To The Dollar by miqos02(m): 12:57pm On Dec 01, 2014 |
ok |
Re: Devaluation: Naira Now N183 To The Dollar by pseudonomer: 12:58pm On Dec 01, 2014 |
omenka: If not because I don't wanna sound rude. I should have call you a fool. Some people can be so idiolata 1 Like |
Re: Devaluation: Naira Now N183 To The Dollar by Nobody: 12:59pm On Dec 01, 2014 |
NDA ISAIAH FOR PRESIDENT, join the winning wheel barrow now. |
Re: Devaluation: Naira Now N183 To The Dollar by OasisT: 12:59pm On Dec 01, 2014 |
![]() ![]() ![]() sandraokosun: |
Re: Devaluation: Naira Now N183 To The Dollar by Nobody: 1:00pm On Dec 01, 2014 |
It seems the sole objective of this government is to exacerbate the already impoverished condition of the common man. They continously keep churning out "test book perfect" policies that are pragmatically non viable and are even counter-productive in most cases. The devaluation of the Naira is just a way to make the masses pay for the ineptitude of the ruling class in managing the revenue accrued when we were experiencing the oil boom with soaring oil prices. 4 Likes |
Re: Devaluation: Naira Now N183 To The Dollar by Nobody: 1:00pm On Dec 01, 2014 |
amaechionuh:On amazon the exhange rate has been a dollar to 185 since last week. Really depressing... |
Re: Devaluation: Naira Now N183 To The Dollar by Bennyberry(m): 1:00pm On Dec 01, 2014 |
I siddon dy laff |
Re: Devaluation: Naira Now N183 To The Dollar by DonaldGenes(m): 1:00pm On Dec 01, 2014 |
When the head is rotten? What next? 1 Like |
Re: Devaluation: Naira Now N183 To The Dollar by celeron40(m): 1:01pm On Dec 01, 2014 |
delman88:Relax..I was being sarcastic. 2 Likes |
Re: Devaluation: Naira Now N183 To The Dollar by DonaldGenes(m): 1:02pm On Dec 01, 2014 |
pseudonomer: Seconded! Some folks were born with deformity of the brain |
Re: Devaluation: Naira Now N183 To The Dollar by Talkcentral: 1:02pm On Dec 01, 2014 |
haha....bomb blast again in maduguri Bomb Blast at Maiduguri Monday Market >>>http://www..com/bomb-blast-at-maiduguri-monday-market/ |
Re: Devaluation: Naira Now N183 To The Dollar by Nobody: 1:03pm On Dec 01, 2014 |
Just my little observation: iphone6 Last two weeks at the mall: NGN145,000. iphone6 Today at the mall: NGN160,000. Couldn't afford it either way sha, but as you can see, prices are going up. Even techno might be affected, damn! 3 Likes |
Re: Devaluation: Naira Now N183 To The Dollar by adebayoadeyiga(m): 1:04pm On Dec 01, 2014 |
I'm so Happy o... I've never felt happier... now we would remove all our eyes and noses from oil and develop the so many resources lying in waste. |
Re: Devaluation: Naira Now N183 To The Dollar by deife(m): 1:05pm On Dec 01, 2014 |
Nihilist: Nihilist, you're so right 1 Like |
Re: Devaluation: Naira Now N183 To The Dollar by Nobody: 1:06pm On Dec 01, 2014 |
Thank God Nigeria is finally sinking as I have always wished and hoped for! Gush I hate this godawful country. 1 Like |
Re: Devaluation: Naira Now N183 To The Dollar by osenimaruf: 1:08pm On Dec 01, 2014 |
NIGERIA I REMAINS TILL DEARTH DO US PART....LOL |
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