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Value Of Naira Falls; Now 208 Naira To One Dollar - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / Value Of Naira Falls; Now 208 Naira To One Dollar (40968 Views)

Unbelievable!!! Naira Falls To N485/$1, N600/£1 / Naira Falls To N370 Per Dollar / Naira Falls To 325 On Dollar Shortage -punch (2) (3) (4)

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Re: Value Of Naira Falls; Now 208 Naira To One Dollar by AJOT99(m): 11:09am On Jan 24, 2015
Chineke!
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Nobody: 11:09am On Jan 24, 2015
PerfumeRepublik:
The Rich are taking their families out of Nigeria..
Only the dogs and baboons are left .
Capital flight ISH


So if one is not rich, they are dogs and baboons?
Wow....wisdom
angry
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by BokoHaramm: 11:10am On Jan 24, 2015
EroticAngelina:
its high time i bought lots of dollars and keep, so that i can change it when it gets higher!
dollar will fall, don't speculate now, the election is a contribtory factor so I will advise you to sit it out.
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Nobody: 11:10am On Jan 24, 2015
are you ready to port? tongue
Lovexme:
smiley
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Nobody: 11:10am On Jan 24, 2015
EroticAngelina:
its high time i bought lots of dollars and keep, so that i can change it when it gets higher!

but don't keep it at home o, now all dose Aaabokis r smiling soon they will be alot more richer
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Nobody: 11:11am On Jan 24, 2015
The implication is that import will reduce while encouraging local production. However Nigeria has nothing in place for local production at the moment because we import most of our finished products from foreign countries and the employment rate is quite high. I would say that it will encourage local production if materials are made available by the governement at subsidized rate to producer and we have constant power supply. It's surely gonna be well for Nigerian. meanwhile we need change in order to channel or resource into meaningful development and not some selfish crooks pockets.

1 Like 1 Share

Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Zillight: 11:11am On Jan 24, 2015
Guy....this is a black lie o, the last time I checked its still 190naira to $1.

4 Likes

Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Toks2008(m): 11:11am On Jan 24, 2015
EroticAngelina:
its high time i bought lots of dollars and keep, so that i can change it when it gets higher!

Forex trading lol

If only naira is trading on the online platform I would bedrkking
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by grandstar(m): 11:11am On Jan 24, 2015
The naira exchange must not go beyond 190 to the dollar. It displays a poor handling of the situation. Emefiele should go

1 Like

Re: Value Of Naira Falls; Now 208 Naira To One Dollar by BokoHaramm: 11:13am On Jan 24, 2015
michaelbiz:
And some people are too blind to see GEJ HAS NOTHING MORE TO OFFER than to plunge this nation's economy into another round of debts!!!! This is the height of incompetence angry
OMG not again, what is wrong with your brain again, hope you did basic econmics in school, the election has made the demand for dollars to rise astronomically, I pray you go back to school and start again.
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by bakynes(m): 11:13am On Jan 24, 2015
yomi007k:

Hmmm. I just hope we won't wake up one morning n be told that Nigeria has been sold to the chinese.
grin cheesy
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by tommykiwi(m): 11:15am On Jan 24, 2015
Sweetlemon:



Who is in charge of appointing CBN presidents?
Ur head I guess.

1 Like

Re: Value Of Naira Falls; Now 208 Naira To One Dollar by OLADD: 11:16am On Jan 24, 2015
dealeh:


http://www.tribune.com.ng/news/top-stories/item/27558-naira-now-goes-for-208-to-dollar

OP, even if Naira depreciates to N350 to a dollar, Goodluck Ebele Jonathan WILL be reelected as the president of Nigeria come Feb 14, 2015. Ok?
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Rendition(m): 11:17am On Jan 24, 2015
Where are the TANiods? Buhahahahahhaha crippled economy, intentional devaluation of the naira
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by watchindelta(m): 11:19am On Jan 24, 2015
one way country put so many eyeesss for only oil. If the igbo man can do shoes well with fake materials, why don,t u think if he gat good materials that shoe will be solid? Ijaw man can refined oil with local means. Why can't our government rob mind with us to me this fake country real smh.
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Rendition(m): 11:19am On Jan 24, 2015
Zillight:
Guy....this is a black lie o, the last time I checked its still 190naira to $1.
yeh u are corrrect buh in black market its 200+
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by tommykiwi(m): 11:20am On Jan 24, 2015
joeace2020:



please shut up!! shut ur bloody smelly gutter. If your otuoke dunce had brains, his first step as he became president would have been to put measures in place to diversify our economy and if he's too dumb to do this, get the right personel, economic experts to help out instead installed his kinsmen to guard his now valueless properties. kept yammering on subsidy. A whole bunch of clueless ppl, the father and the son all brainless. telling us junk of not blaming GEJ, no we will blame the US or maybe the UK that you have been pouring your weath into for using it in diversifying their economy and having no need of your crippling outputs

anyway wats my biz.. i can now collect times2 of wat i earn
with the help of being a thug for APC right? U don't know how to read abi? Can U see the figure the CBN displayed for the foreign currency denominations. I know is the handwork of ur fellow party pple,always filled with lies and forgery like ur leader FAILBUHARI.....GEJ till 2019
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Muzikluva(m): 11:20am On Jan 24, 2015
Blaqsmith:
GEJ IS WORKING



VALUE OF NAIRA IS DROPPING



BOKO HARAM IS BOMBING



NIGERIANS ARE CRYING



And you are TYPING
when you shld be PRAYING

1 Like

Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Nobody: 11:21am On Jan 24, 2015
EroticAngelina:
its high time i bought lots of dollars and keep, so that i can change it when it gets higher!
U are right. I have to go back to my abandoned projects I used to sell online now. The best time to sell is when the Muslims are going for hajj. U go make money.
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by urchbarbie(f): 11:21am On Jan 24, 2015
ild take it to mean ure an encyclopedia.
Sweetlemon:


Yeah you are ignorant.

2 Likes

Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Keegan: 11:21am On Jan 24, 2015
klem93:
trash, oshi, useless government, awon oloriburuku.... CNN go come say our economy dey boom.... May G O D punish those behind this

Amen. We don enter one chance for Naija. NOI is a failure and nothing affects her salary.
I strongly believe we have been enchanted. 98% of Nigerians are fools to allow less than 1% of the population to run our country aground just like Shagari's regime.
Nigeria open your eyes, corruption is killing us.

1 Like

Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Nobody: 11:22am On Jan 24, 2015
This is good news for some people but economically this is crazy.........

Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Nobody: 11:22am On Jan 24, 2015
Ok sir.

OLADD:


OP, even if Naira depreciates to N350 to a dollar, Goodluck Ebele Jonathan WILL be reelected as the president of Nigeria come Feb 14, 2015. Ok?
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by urchbarbie(f): 11:22am On Jan 24, 2015
Okaka27:
2 bottles of coke
Tnx I can now relate with it
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by philips70(m): 11:23am On Jan 24, 2015
Sweetlemon:



Who is in charge of appointing CBN presidents?

It's tommykiwi. Many of these people will take bullets for somebody who doesn't care they are living.

4 Likes

Re: Value Of Naira Falls; Now 208 Naira To One Dollar by eromspete(m): 11:24am On Jan 24, 2015
Cmon guys its still 191.30 to a Dollar as at 24-Jan-2015.

I'd advise you all run a search online first.

Re: Value Of Naira Falls; Now 208 Naira To One Dollar by chronique(m): 11:31am On Jan 24, 2015
Nigerians prefer foreign made clothes to locally made ones of same quality,

Nigerians prefer foreign made shoes to locally made ones of same quality,

Nigerians prefer foreign made cars to locally made ones,

Nigerians prefer foreign made furnitures to locally made ones of same quality,

Nigerians prefer foreign made drugs to locally made ones of same quality,

Nigerians prefer foreign made vegetable oil and butter,to locally made ones of same quality,

Nigerians prefer foreign grown rice and flour,to locally made ones of same quality,

Nigerians prefer foreign made bedsheet,plates and cooking utensils,to locally made ones of same quality...


Nigerians prefer anything that is foreign made,to the ones that are locally made and when govt tries to place a ban on these items,they kick against it. Yet they keep blaming govt for the weak currency. How do you guys want to have a strong currency,when you spend nearly all your forex in funding importation? Everybody wants to go into the business of importing cos it's easier to make quick and big gains this way. At the end of the day,we end up blowing away our forex and this in turn affects the reserves as we would need to keep using our reserves to defend the naira. What type of magic are we expecting?

How many of you would boldly buy a Nigerian made shirt,when there's a gucci in the same store? Until we learn to support indigeneous companies and stop all these unnecessary importation,we'd keep having a weak currency. Look at the auto industry. It's gotten so bad that almost everybody is now an importer or a car dealer. People just buy all manner of junks and ship into naija. Yahoo boys with stolen funds can buy a car and ship into naija with a landing cost of 5m and sell same car for 3m. That automatically runs down business for a genuine importer who worked hard for his money or took loan to invest in the business.

Until we decide to be patriotic enough to support and develop our home grown businesses,we wouldn't go anywhere. All these years,we've been actively developing economies of other nations,to the detriment of our own.

18 Likes 7 Shares

Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Setaje(f): 11:31am On Jan 24, 2015
The good news is that Nigerians will begin to cut their coat according to their size. No more lavish and foolish spending. People will begin to buy what they need and not what they want. So many frivolous things like human hair, phones, and gadgets, ridiculously expensive houses, clothes etc will become excess wiv little demand. Politician and business men who sleep and keep 5 gfs, some that sleep wiv one for each day would start keeping one or two. Greedy people will get more greedy and dangerous but they will only have their way wiv greedy people like them. Ritualist will find only greedy people. Women will begin to go back to the old days of managing with boys because sugar daddies do not have excess money to spend on several women. Hopefully there would be abundance of food. Any other things shall crash!. This shall be the era of the righteous.



Or things will become tougher and unbearable which might lead to a revolution.



grin

2 Likes

Re: Value Of Naira Falls; Now 208 Naira To One Dollar by bjt(m): 11:31am On Jan 24, 2015
Who Selected the CBN Governor?







tommykiwi:
Is GEJ now the CBN governor? Everything is being caused by Jonathan abi? Have U heard dat GEJ works with the CBN? Please U guys should FREE my humble PRESIDO! Is not everything U must mention his name OK!
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by lovespyc007: 11:31am On Jan 24, 2015
eromspete:
Cmon guys its still 191.30 to a Dollar as at 24-Jan-2015.

I'd advise you all run a search online first.
dat ws wat d CBN posted
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Keegan: 11:32am On Jan 24, 2015
2n2k:
This why I like how Nigerians criticise.

If this devaluation had happened under Sanusi, the thread would have been awashed with how a purported graduate of Islamic studies or an a.boki is unsuited for the post of CBN governor.

You are on point. We see only what we want to see and hear what we want to hear. We are never sincere to ourselves.
Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Lovexme(m): 11:32am On Jan 24, 2015
nikpet2:
are you ready to port? tongue

Thanks, but I'll pass tongue

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