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Nairaland Forum / Nairaland / General / Business / Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years (55341 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 gabbytabby: 7:30am On Dec 12, 2015 |
Demmocrats: we need exceptional crooks that write letters but never seem to get response from their manager before they divert money meant for other purposes. Make una leave me be. Instead of walking away NOI became what symbolises corruption that wrecks a country. We get back stolen money and hand it to another rouge. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by babestella: 7:31am On Dec 12, 2015 |
Can you imagine, when dollars is supposed to fall it's going up. Is this not Christmas season? |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by zikmarty: 7:31am On Dec 12, 2015 |
Papertrail11: no offense but have you ever traded in dollars banks dnt sell dollars to customers except you own a dollar account and in that case they don't hand you the USD but assist in a USD bank transfer to another USD bank account. only in Forex bureaus in countries like Ghana and southafrica nd in the black market which is the most popular medium in Nigeria that you can buy nd sell the USD hand in hand. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Infinitikoncept(m): 7:31am On Dec 12, 2015 |
babyfaceafrica:Guess you are not into importation so I rest my case with you sire. I'm into importation, printing and branding and I can tell you the effect is too glaring to ignore sire. Imagine me quoting a job for a client last week Monday and I was paid yesterday. I got to the same store to get my goods price has soared high, printing charge has gone crazy. I call you as the client that the 10,000pcs of calendar you gave me has to increase by #10 additional fee Wetin you go do? Lols 1 Like |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Infinitikoncept(m): 7:33am On Dec 12, 2015 |
danbrowndmf:My point is don't get deceived with corruption fight divergence moonlight tales when the macroeconomics that affects you daily is been pushed down the drain |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Tpave(m): 7:36am On Dec 12, 2015 |
We're in a serious mess. May God help us.
|
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by str8talk1: 7:37am On Dec 12, 2015 |
Banks shld b made to deal wt customers in foreign currencies transactions directly not exceeding $10,000 while CBN deals wt > $10,000 thereby eliminating currency speculators and BDCs. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Myde4naija(m): 7:37am On Dec 12, 2015 |
HzRF:he said partial ban on rice, don't you understand English? |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by HzRF(m): 7:39am On Dec 12, 2015 |
Myde4naija:ND of use is Partial Ban? |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by danbrowndmf(m): 7:40am On Dec 12, 2015 |
Infinitikoncept:okay sir. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by zikmarty: 7:42am On Dec 12, 2015 |
danbrowndmf: it is an open secret that the pdp led govt was really clouded with the best of corruption not excluding the Gej administration which had a little dose of conscience but I'll disagree with your point of view saying that we shouldn't crucify the Gmb led government for its failures in recent months just because the previous administrations were failures too. Apc has recorded too much of failures in such a short time which could almost equal what pdp did in 16yrs. if we were speaking in terms of successes, we would've been on a different page. I'm trying to imagine how much would be left of our beloved Nigeria if Apc continued in this pace of failure for an equal of pdp's 16yrs. Gmb had better start learning some magic tricks 1 Like |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by jaybee3(m): 7:47am On Dec 12, 2015 |
zikmarty: Ohhhhh just shut your trap Where do you expect them to source the money used in defending the Naira from If our major export is now somewhat worthless because of over supply with sharp reduction in prices Propose a policy alternative for the govt or just shut up for good Eeejiot! 2 Likes |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by joseph1832(m): 7:47am On Dec 12, 2015 |
danbrowndmf:You expect Mizmycoli to reason like you? Puhlease bro. 1 Like 1 Share |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by oluwaahmed: 7:50am On Dec 12, 2015 |
Awoofawo: If weak currency is not a sign of weak economy, den what is? Is d currency strength not a function of d purchasin power of its citizens? If smetin u bot 70 usd last week @ 150 naira(10,500) now sells 60usd @ 250 ow much wld it be Just insult d guy and stop tryin 2 act intelligent 1 Like |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by zikmarty: 7:52am On Dec 12, 2015 |
jaybee3: you should go back to your miserable life or better still go enroll in some daycare and return when you've got some education. it's such a pity your parents never gave you a good home training, maybe you never had a home. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by osazeeblue01: 7:54am On Dec 12, 2015 |
APC and Buhari are working |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by xymigrator(m): 7:54am On Dec 12, 2015 |
Raiders: Have you ever sat in an English class before? |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Maser: 7:56am On Dec 12, 2015 |
eaglechild: And you think its PMB's fault? Dollar crashed from N151 to N220 during the elections when your GEJ, Dasuki & Co gleaned off every dollar they could find in CBN. Other politicians across the country also hoarded dollars for the campaign and with the current BVN, many of them are scared of bringing out the dollars and lodging the monies in their accounts. That's the problem PMB is trying hard to solve now. God help you! 1 Like |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by babyfaceafrica: 7:56am On Dec 12, 2015 |
[quote author=Infinitikoncept post=40925927] Guess you are not into importation so I rest my case with you sire. I'm into importation, printing and branding and I can tell you the effect is too glaring to ignore sire. Imagine me quoting a job for a client last week Monday and I was paid yesterday. I got to the same store to get my goods price has soared high, printing charge has gone crazy. I call you as the client that the 10,000pcs of calendar you gave me has to increase by #10 additional fee Wetin you go do? Lols[/quotee]sowie apart that ...never knew about it...God will intervene..how we go do xmas naw..shbi dm don pay u? 1 Like |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by jaybee3(m): 8:01am On Dec 12, 2015 |
zikmarty: You are still a student sef.. My bad, sorry I don't have the time to forcefully hammer knowledge into your thick skull. Stop commenting on things that are way beyond your league and stick to writing poetic gibberish in your diary 2 Likes |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Infinitikoncept(m): 8:04am On Dec 12, 2015 |
[quote author=babyfaceafrica post=40926504][/quote] Lols you self one collect share. Isookay |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by elampiro(m): 8:06am On Dec 12, 2015 |
StOla: Brent Crude is currently $39/barrel. As at yesterday. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by babyfaceafrica: 8:06am On Dec 12, 2015 |
Infinitikoncept:yes naw....turkey must fry this christmas |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Infinitikoncept(m): 8:07am On Dec 12, 2015 |
Maser:Broz u can lie oooooo. #151 to #220. Baba even the rats had to dogde their heads |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Infinitikoncept(m): 8:09am On Dec 12, 2015 |
babyfaceafrica:In PMB voice we have banned turkey for Xmas season since its on the list of endangered species. Lols |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by AJ01(m): 8:10am On Dec 12, 2015 |
sorry for our future generation |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by babyfaceafrica: 8:11am On Dec 12, 2015 |
Infinitikoncept:haaaaaaaa...mo gbe o |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by ireasontight: 8:12am On Dec 12, 2015 |
thank you chukwu okike abiama, the zoo will crumble |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by shugaboy6102(m): 8:14am On Dec 12, 2015 |
Papertrail11:I feel you bro u made lots of sense |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Bollinger(m): 8:15am On Dec 12, 2015 |
And some m.orons will wake up and blame buhari forgetting that it takes years for an economy to collapse. It didn't just start today. All we are seeing is the effects of decades of failed policies. |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by mployer(m): 8:16am On Dec 12, 2015 |
oluwaahmed: Weak currency is not a sign of weak economy. Pounds is stronger that dollar but US has a better economy than UK. It is misconceptions like this that is stopping the cbn from devaluing the naira and hence causing more damage. 2 Likes |
Re: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Bergs(m): 8:19am On Dec 12, 2015 |
and #babagoslow The latest #mrtourismnaija2015 is busy flying up and down..........hmmmmmmm and someone will come up here again to argue that Goodluck is not the best thing that happened to Nigeria.. anyway sha God is watching us in3D |
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