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Nairaland Forum / Nairaland / General / Business / Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years (55585 Views)
Naira Finally Improves At The Interbank Rate / Naira Crashes To 288/dollar At New Official Market / Naira Finally Devalued To N290/$ By Buhari (2) (3) (4)
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Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Papertrail11(m): 12:25am On Dec 12, 2015 |
Demmocrats: heard about ish like this tho but am talkn about going to go get dollars in banks like buyn it on standn |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Papertrail11(m): 12:27am On Dec 12, 2015 |
mployer: malam wen yu went to bank last wat was the benchmark price wasnt it 199 and yur street aboki econmic saboteurs sells it for 260 clap for ya self |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by ramalot(m): 12:30am On Dec 12, 2015 |
UncleJudax: I believe the name of that subject in Nigerian education is called "Home Economics." Since you did it, you should know, right? Also, isn't it self-explanatory that if the parallel market is decommissioned, then the sole source becomes the official rate? Life is not always about what it is, but what it can and should be. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Geniro: 12:30am On Dec 12, 2015 |
InvertedHammer: My opinion is that you should shut up when you have nothing meaningful to say. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by InvertedHammer: 12:30am On Dec 12, 2015 |
porka:/ That is the price they have to pay. No pain, no gain. The change needed cannot be done with a magic wand. There will be collateral damages. Ghana tried with killing off looters which yielded somewhat positive dividends in her economy while it lasted. I don't like Buhari's slow pace of work. I don't like some of his policies. But at this point, half bread is better than none. Nigerians were presented with only 2 choices--an incompetent, naive and corrupt fellow vs. A senile old man in a country of over 160million. Two equally bad choices. They made their choice. The rest is history. / 4 Likes |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Papertrail11(m): 12:33am On Dec 12, 2015 |
www.nairaland.com/2795534/cbn-considers-ending-dollar-cash I said bureau d change are economic saboteurs some pple calld me ignorant see the link above and read hw dis pple are cheatn deir own country men ode analysers...... |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by InvertedHammer: 12:36am On Dec 12, 2015 |
Geniro:/ You are truly a mor.on. You continue to swallow every bait I throw your way. This is why you need to check your self-esteem. A complete stranger yet I am able to turn you into my b1tch. / |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by dikeigbo2(m): 12:38am On Dec 12, 2015 |
henryutd: Confusion everywhere
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Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by jesuspikinjp(m): 12:38am On Dec 12, 2015 |
With the rate naira is going down it is just a matter of time before it discovers oil. 1 Like |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by BuddhaPalm(m): 12:39am On Dec 12, 2015 |
NaLaugh: The items weren't banned from being imported...read again. Long story short: a high exchange rate will affect EVERYONE. There's no getting around it. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Geniro: 12:40am On Dec 12, 2015 |
InvertedHammer: What bait is this imbec1le talking about ? Am giving you a simple advice to stop posting lest you appear sillier. All i see is the cretin in you applauding his/herself over nothing . |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by themanderon: 12:42am On Dec 12, 2015 |
Slowly but steadily our naira is doing a Zimbabwean dollar on us, we are steadily on the road. God help us with this souless leaders we have been cursed with in this country. 1 Like |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by akigbemaru: 12:42am On Dec 12, 2015 |
Dollar against dollar. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by kodded(m): 12:46am On Dec 12, 2015 |
HzRF:that is the trait of a zombie if reverse was the case clowns like him will give credit to buhari body odour www.nairaland.com/attachments/3076414_buharilawyers_jpeg753a57898a4991d6fbbb20fb47250ed9 5 Likes |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by aramideji(m): 12:47am On Dec 12, 2015 |
I dislike nairalanders because every problem is blamed at the people at the top expecially the president and his ministers when are we going to start blaming ourselves for not trying to help the economy from out end,yall should leave lagos and goan start farming we need foreign exchange to improve our currency the naira.we Nigerians are hypocritic that find criticism easy than finding solutions to problems,this is not buhari or jobathans country it is our country. 1 Like |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by aramideji(m): 12:47am On Dec 12, 2015 |
I dislike nairalanders because every problem is blamed at the people at the top expecially the president and his ministers when are we going to start blaming ourselves for not trying to help the economy from our end,yall should leave lagos and goan start farming,we need foreign exchange to improve our currency the naira.we Nigerians are hypocritic that find criticism easy than finding solutions to problems,this is not buhari or jobathans country it is our country. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by UncleJudax(m): 12:50am On Dec 12, 2015 |
Papertrail11:Hahaha. You had to call me Ode? BDCs are there for a reason. CBN cant do it all alone. They just have to properly regulate the parallel market. That's all. Don't make a mountain out of a molehole. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by UncleJudax(m): 1:00am On Dec 12, 2015 |
ramalot:If getting rid of BDCs is the panacea to Naira depreciation, CBN wouldn't think twice. See how they are being accommodated, whilst being regulated. From 35million naira recapitalization, to e-FASS, to BVN, to the about-to-be-introduced e-transfer and another 35million naira caution deposit.. It appears BDCs aren't so useless, afterall CBN needs them, but obviously, a few things have to be fixed, to deter unscrupulous activities. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by djmickymouse(m): 1:05am On Dec 12, 2015 |
lol [quote author=PreyingMantis post=40919455][/quote] |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by djmickymouse(m): 1:07am On Dec 12, 2015 |
lol leave oga jona outa ur predicament joor continue traveling |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by opribo(m): 1:09am On Dec 12, 2015 |
A government that blames everything on past administration. Tell us how you want to solve it that's why you were voted in and not to trade blame. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by porigho: 1:20am On Dec 12, 2015 |
Is it Buharis fault that naira is 260 to a dollar and did he make the price of oil fall to 38 dollars from over 100 a year ago?Nigeria is suffering because we refused to diversify our economy after all these years.No miracle will occur and there is no quick fix to it. 1 Like |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by warrenweste(m): 1:29am On Dec 12, 2015 |
Firefire: which bank pls? |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by TimeManager(m): 1:34am On Dec 12, 2015 |
@HzRF, Which Goverment Allowed 90% Of Imports? Was It Not APC That Banned Some Lists Of Products We Could Locally Produce Including A Partial Ban On Rice. Pdp Turned Nigeria Into A Dumping Ground. Change Is Here. The Truth Has Spoken! |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Nobody: 1:44am On Dec 12, 2015 |
eaglechild: Oh No mbanu Their change is here Biko 1 Like |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by emperorchedda(m): 1:56am On Dec 12, 2015 |
MizMyColi:It's just six months out of 4 years, not even one year yet Don't be in a hurry, Nigeria will be better 1 Like |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by donJ2(m): 1:58am On Dec 12, 2015 |
Franzinni: Classic.... simply put 'Fighting corruption is Fighting Nigeria's Economy'...Jizzle 2015 |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by TopHand: 2:35am On Dec 12, 2015 |
Kenai:You are an illitrate sorry for being rude but your lack of intelligent and logical thinking leads to one conculsion "wasted effort" all the time and money spent on you was like flushing it down a toilet. Now let me educate u in layman's terms, a country's currency is only as good as the the goods and services it produces and offers to the world, if you have a hot product people ie "countries" will want to trade with you thereby making your currency attractive, when crude oil was $110 per barrel obviously it was a hot product and thus a higher Naria, now oil is no more a hot product the international market is flooded with oil hence nobody is interested in the Naria thus the low value, this is why Nigeria needs to diversify its economy. This government is 100% devoted to making Nigeria become the "china" of africa we have the population we have the space we even have the minerals to make 80% of all consumer consumables eg batteries, phones, solar panels,spare parts, bulbs,water pumbs,pc assesories hard disks etc etc, but to do this we need the infrastructure mainly electricity!!! iron and steel, look my friend PDP did not even build a functioning refinery we have to import petrol!!! we that are producing the oil, now you are crying Naria is losing value, stop embrassin yourself. Do you think that you can go to london walk into a restuarant and pay for your food in Naria, no my brother u cant you have to exchange your Naria 4 pounds in Nigeria, and the amount of pounds in Nigeria is govern by volume and value of trade with the UK and if the Uk is not buying your Crude oil how is there goin to b pently of pounds in Nigeria henceforth the price of dollars, pounds etc increases it is as simple as that chikena!! 1 Like |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by mazi85(m): 2:45am On Dec 12, 2015 |
ifyan: Bros u not serious,u even hv d guts 2 say 250-253...how much was it traded last week? Shame on ppl like u |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Niceiroko: 2:58am On Dec 12, 2015 |
u will always be blame all ur life Raiders: 1 Like |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Rossikk(m): 3:05am On Dec 12, 2015 |
Mindfulness: Welcome to NL. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by adconline(m): 3:23am On Dec 12, 2015 |
And most importantly, govt policy of hoarding and restricting $$€€ hasn't stopped anything. It keeps going up and up!! |
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