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Nairaland Forum / Nairaland / General / Business / Naira Drops To 251/dollar, External Reserves Now $29.7bn (22766 Views)
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Naira Drops To 251/dollar, External Reserves Now $29.7bn by demarc001: 1:17am On Dec 07, 2015 |
The naira crashed further against the dollar from 247 last Thursday to 251 on Saturday at the parallel market. www.punchng.com/?p=13535 2 Likes 1 Share |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by nnachukz(m): 1:20am On Dec 07, 2015 |
Now it is becoming scary, gradually we will lose everything before this man's tenure ends. Nothing helpful is being done to remedy the situation. It appears we still do not have ministers or has the president sacked them? 120 Likes 11 Shares |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by kelvincoll(m): 1:22am On Dec 07, 2015 |
is there actually light @ the end of this tunnel? 29 Likes 1 Share |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by demarc001: 1:22am On Dec 07, 2015 |
Waiting for #1 = $1 Na nollywood movie e go first happen 108 Likes 8 Shares |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by hucienda: 1:30am On Dec 07, 2015 |
Na wa o... What's going on FFS?! 2 Likes |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by Kestolovee95(f): 1:33am On Dec 07, 2015 |
Great news! 11 Likes 1 Share |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by chernest2002: 1:35am On Dec 07, 2015 |
It will soon clear some people eyes when the dollar comes to 500 to 1 dollar, Buhari means failure in all dictionary. 115 Likes 6 Shares |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by Meriekriss: 1:36am On Dec 07, 2015 |
All this things that are fluctuating like PHCN... It is well Sha.. 1 Like |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by BankManager(m): 2:40am On Dec 07, 2015 |
Does Mr.President have answers to these : inflation, free fall of the Naira, economic recession, job losses, stagnation, decrepit infrastructure?? 32 Likes 3 Shares |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by omooba969(m): 2:49am On Dec 07, 2015 |
Mr Buhari how far na, wetin dey happen? Abi your economic team dey hide latest newspaper from you ni or you no get time to dey watch tv make you see how our dear Naira dey nose-dive ni? Abeg wake up from ya slumber o, town no dey smile o. 28 Likes 4 Shares |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by fitzmayowa: 3:10am On Dec 07, 2015 |
demarc001: My brother if you are waiting for this, you are on a long thing, this what the oyinbo's call "building castle in the air" 36 Likes 2 Shares |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by sholatech(m): 4:30am On Dec 07, 2015 |
It is really pathetic, despite the cosmetic over-protection of the reserves.. For those that celebrated the marginal increase then in Foreign Reserves with claims it was due to body language.. 34 Likes 1 Share |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by abouzaid: 4:32am On Dec 07, 2015 |
if i talk now they would ban me again but one i know for sure is that at this rate, naira must sell for atleast #300 to a dollar by next year end. those moderators banning me, how much do you spend now buying things online compared to what you spend before may29? you guys should have a rethink of your banning policy. i have never insulted anybody here so why do you keep banning me for been pro biafra? we're your customers o, if you drive us away, lai Mohammed won't invite you to his next meeting with bloggers. 90 Likes 3 Shares |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by Episteme2(m): 4:47am On Dec 07, 2015 |
And they are busy and desperate violently rigging Sylva in to Yenogoa with all their might and Nigerians are quiet. 20 Likes 2 Shares |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by Demmocrats(m): 4:50am On Dec 07, 2015 |
Hmmmmm This is the best time to start sending money. 2 Likes |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by eleojo23: 5:02am On Dec 07, 2015 |
sholatech:...Body language must also take responsibility for this decrease in the reserves. 12 Likes 1 Share |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by IAMTHEHERO: 5:10am On Dec 07, 2015 |
After, their Zombies will say "THEY VOTED FOR BUHARI/APC, THAT THEY ARE NOT COMPLAINING. Everything have gone up in this country. Soap of 100 naira is now 120 naira,l bought fuel 200 naira per litre in Lagos on Saturday. People are really suffering under this regime more than before. It would have been better for APC to leave the things as they were when they took over, they wanted power and they have it 53 Likes 8 Shares |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by luvinhubby(m): 5:50am On Dec 07, 2015 |
This is getting very very scary now. 5 Likes 1 Share |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by chosen04(f): 6:02am On Dec 07, 2015 |
abouzaid:....So its NOT only me that they ban for my Pro-Biafra stance? Well! them go tire. I remain a proud Biafran till the end. "Thank Chukwu Abiama that i have neven been a niGERian. I maybe in the Zoo-niGERia but am not of niGERia.............Holy Book" 36 Likes 2 Shares |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by trapQ: 6:11am On Dec 07, 2015 |
this is embarrassing. Naira is fast becoming Zimbabwean dollar. 9 Likes |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by Nobody: 6:22am On Dec 07, 2015 |
Ehn ooo, let's blame it on the 'corruption of unimaginable proportion in the Goodluck administration and 16yrs of misrule '. Yeye dey stink 14 Likes |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by stinggy(m): 6:22am On Dec 07, 2015 |
And I'm waiting for the overnight wonder that will revert dollar to bearable value. If care is not taken, a cefa will soon be changed for a naira chosen04:Eeeyah... those Mods are Nigerians 2 Likes |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by Pavore9: 6:25am On Dec 07, 2015 |
Those exporting goods/services are in a better position. 1 Like |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by Ecoplexus: 6:33am On Dec 07, 2015 |
It is either this government vigorously accelerate the rate of economic diversification or the CBN stops defending the naira and allow it to find its true value; if I was president, I would do the earlier. 1 Like |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by OKKO(m): 6:40am On Dec 07, 2015 |
Thank God I bought this car last month, I was tempted to wait till January. My money could not have afforded the tires by then not to talk of the whole car. But I bought fuel worth of about 25K just to drive it from Lagos to village (N250 X 100 L) something I budgeted abt 9K for save only for the fuel scarcity. The scaring thing is that FG, NNPC, APC, PMB and their NL supporters don't believe anything is wrong at all. 35 Likes 2 Shares |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by tunex23: 6:41am On Dec 07, 2015 |
This is what you get when you vote in a cattle supervisor who specialises in drinking fura and nuno and wears baby dapper as pant. I pity my country 12 Likes 3 Shares |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by Flets: 6:46am On Dec 07, 2015 |
The most unfortunate part of this whole scenario is that there is no clear direction or plan by the current FG to correct this trend. The so-called Finance minister seem to be lost in the scheme of things. 15 Likes 3 Shares |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by abouzaid: 6:56am On Dec 07, 2015 |
chosen04:i have two mentions but only saw one which means that they have deleted it.can i follow you? i have a plan for people of like minds. 2 Likes 1 Share |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by demarc001: 7:11am On Dec 07, 2015 |
fitzmayowa:Sorry I forgot to mention that my waiting is in nollywood movie! 9 Likes 2 Shares |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by sanandreas(m): 7:18am On Dec 07, 2015 |
Nigerians wanted change but they didn't ask what kind of change. 10 Likes 2 Shares |
Re: Naira Drops To 251/dollar, External Reserves Now $29.7bn by dhardline(m): 7:24am On Dec 07, 2015 |
Its really obvious that we have really entered a very BIG one chace. Its six months and no clear cut policy that will push Nigeria to fast industrialization that will in turn strenghten the Naira against the dollar and improve the lives of the masses,instead all we see is "fighting curruption" in only the opposition camp with no statistics of rerurned loots and needless International travels while the Nation sinks into economic quagmire. If things continue at this pace we'll soon end up chanting #changebuhari. 19 Likes 3 Shares |
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