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Naira in free fall as dollars scarcity paralyses activities at parallel market
November 23, 2015 at 8:57 pm in Business FacebookTwitterSMSWhatsApp
Lagos – The Naira on Monday fell freely at the parallel market, as scarcity of dollars paralysed activities.
It lost N3 to exchange at N241 to the dollar on Monday afternoon, after it traded for N238 to the dollar on Friday.


http://linkis.com/www.vanguardngr.com/YAKHr

Change!

Let's clap for the Northern slaves down South who voted this outdated President

Its called Chanji.

Buhari will surely ruin Nigeria faster.

End Time Naira

Did I hear 241?

EternalTruths:
Let's clap for the Northern slaves down South who voted this outdated President

Do you understand the issue at stake?

Black market! Is it legitimate? How deep is it? How big is it? How is it funded?

When did an illegal market become the yardstick for measuring the health of a currency?

Do you know the relationship between the BVN and the spike in black market rate?

The only slave here is you - a slave to ignorance!

After experiencing the sectional appointment, selective anti corruption war, current Judiciary injustices and nepotism, and recent do or die election in Kogi. We are going back to insensitive fruitless economic policy and anachronistic governance.

Activa:


Do you understand the issue at stake?

Black market! Is it legitimate? How deep is it? How big is it? How is it funded?

The only slave here is you - a slave to ignorance!

You are the real slave, whose common sense of reasoning have become so obscure that you are forever bound to bondage and slavery by your inability to embrace common truth

which is falling faster?? Naira or Nigeria??

Click like for Naira, share for Nigeria.

The Zoo must fall

Rose2014:
Did I hear 241?

Rose what's up?

TechRev:
which is falling faster?? Naira or Nigeria??

Click like for Naira, share for Nigeria.

Naira will reach N300 to $1 by end of February.
The dulllard will surely co to ur his body language economic policies.

Wetin concern me?
Nigerians voted deserve what they asked for.

ishiamu:


Rose what's up?

I greet u sir

jordy101:
You are the real slave, whose common sense of reasoning have become so obscure that you are forever bound to bondage and slavery by your inability to embrace common truth

And what is truth?

Care to let us in on the truth of this steady decline of our Naira vs Dollar since Q4 of 2014?

Mind you Buhari was not in power then.

jordy101:
You are the real slave, whose common sense of reasoning have become so obscure that you are forever bound to bondage and slavery by your inability to embrace common truth

You didn't answer my questions. I challenge you to a debate on this subject.

It is not about shouting 'slave' all over. Support your assertions with facts or remain a fool.

Don't run your mouth over a subject you're not familiar with.

cjrane:


Naira will reach N300 to $1 by end of February.
The dulllard will surely co to ur his body language economic policies.

In which Fx market do you see the Naira reaching N300?

Onyejiuwaokoh:
After experiencing the sectional appointment, selective anti corruption war, current Judiciary injustices and nepotism, and recent do or die election in Kogi. We are going back to insensitive fruitless economic policy and anachronistic governance.

Are you aware that the Naira closed yesterday at N197 at the Interbank FX market?

and the idiot is in IRAN.. shebi na change una vote for? una neva see suntin.... this one na morning...

chxe:
and the idiot is in IRAN.. ...

Some of u are damn stupid and need to be secluded from any rational discourse!What has his Iran trip got to do with falling naira.
I feel cbn under Emefiele is not getting some things right in regards to its monetary policy.

doctokwus:

Some of u are damn stupid and need to be secluded from any rational discourse!What has his Iran trip got to do with falling naira.
I feel cbn under Emefiele is not getting some things right in regards to its monetary policy.

DON'T MENTION THE EMEFIELE'S NAME DUDE

YOU GUYS VOTED IN AN ILLITERATE

#SHIKENAN.

doctokwus:

Some of u are damn stupid and need to be secluded from any rational discourse!What has his Iran trip got to do with falling naira.
I feel cbn under Emefiele is not getting some things right in regards to its monetary policy.

I agree with u. Useless idiots like yourself should be excluded from National issues.
He is incharge of the country therefore if it's good or bad he is to blame.. anu mpama

chxe:

I agree with u. Useless idiots like yourself should be excluded from National issues.
He is incharge of the country therefore if it's good or bad he is to blame.. anu mpama

I really showed how senseless u are. Just a little honest truth I told u, u are already pained,yet u have d nerve to use such word against a man that is trying to save ur likes from your years of ineptude and doom.
Shift b4 I tell u another one that may cause u heart attack.I can even feel ur animated state from here just because I told u to always excuse urself from rational discourse. What if I tell u I doubt ur education because of ur uncommon arse licking of a failed past govt?

doctokwus:

I really showed how senseless u are. Just a little honest truth I told u, u are already pained,yet u have d nerve to use such word against a man that is trying to save ur likes from your years of ineptude and doom.
Shift b4 I tell u another one that may cause u heart attack.I can even feel ur animated state from here just because I told u to always excuse urself from rational discourse. What if I tell u I doubt ur education because of ur uncommon arse licking of a failed past govt?

I will say it again. The man and u na idiot. If e pain you, go kids cobra. Mumu.

https://www.youtube.com/watch?v=VShY01G0UQI

[size=15pt]CBN Governor On Naira Devaluation[/size]

Godwin Emiefele CBN governor refuse the request of the IMF to further devalue the Naira.
He said Nigeria will not devalue her currency again, at least for now.

chxe:

, go kids cobra. .

There goes further evidence.

Activa:


Do you understand the issue at stake?

Black market! Is it legitimate? How deep is it? How big is it? How is it funded?

When did an illegal market become the yardstick for measuring the health of a currency?

Do you know the relationship between the BVN and the spike in black market rate?

The only slave here is you - a slave to ignorance!

Take sense for a senseless post my brother.

The world is a global village and PMB should stop isolating Nigeria because of a few useless unpatriotic Nigerians that have been stealing from this country since 1960.

Nigerian businesses are suffering because of the foreign exchange senseless policy. Thus the reason why I have decided to dash you more sense. Receive sense my brother.

It is only in Nigeria that Importers will be going to BDCs and parallel markets to source their dollars!!

Dollars plenty...... na customers with BVN to buy the dollars that are scarce... hence they all flock the illegal markets..

Infact Genuine BDCs are finding it hard to sell all their dollars to genuine customers with BVN

http://leadership.ng/business/477161/cbn-saves-300m-demand-bvn-bureau-de-change

Rose2014:


I greet u sir

How u dey?

ishiamu:


How u dey?

Too many people on my mention, I almost missed this

I'm very fine sir. Thanks

I remain loyal sir

Rose2014:


Too many people on my mention, I almost missed this

I'm very fine sir. Thanks

I remain loyal sir

Wanted having a special chat with over pressing issues