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Nairaland Forum / Nairaland / General / Business / Naira Situation Worsens, Falls To N270/$ (30489 Views)
Naira Falls As Dollar Scarcity Worsens / Unbelievable!!! Naira Falls To N485/$1, N600/£1 / Naira "Strenghtens" To N270/Dollar At Parallel Market (2) (3) (4)
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Re: Naira Situation Worsens, Falls To N270/$ by Newmanluckyman(m): 8:47pm On Dec 17, 2015 |
Accordingly to Buhari.. "I will make 1$=500 naira before 31/12/2005" |
Re: Naira Situation Worsens, Falls To N270/$ by LLVelly: 8:50pm On Dec 17, 2015 |
It's all part of CHANGE so I'm not suprised at all. |
Re: Naira Situation Worsens, Falls To N270/$ by endtimesblog: 8:52pm On Dec 17, 2015 |
JN1: cbn jus start that one ? When? Please tell me something oooo |
Re: Naira Situation Worsens, Falls To N270/$ by KanwuliaJara: 8:58pm On Dec 17, 2015 |
Upon all the BUHARIGATE? ![]() |
Re: Naira Situation Worsens, Falls To N270/$ by Pebcak: 9:02pm On Dec 17, 2015 |
compare other OPEC countries blame it on fracking which is what US is using and its driving oil price nuts so for a country with no almost all revenue coming from oil what do you expect. Dollar is stable and other currencies are depreciating and country like Canada is in recession now. 1 Like
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Re: Naira Situation Worsens, Falls To N270/$ by Newmanluckyman(m): 9:04pm On Dec 17, 2015 |
ibisko04:... Lamentation chapter 5verse 5.Would you have accepted this plea from the previous govt ![]() ![]() ![]() ![]() ![]() ![]() ![]() 2 Likes |
Re: Naira Situation Worsens, Falls To N270/$ by omohj: 9:08pm On Dec 17, 2015 |
MadCow1:you father.... 2 Likes |
Re: Naira Situation Worsens, Falls To N270/$ by vRendoh(m): 9:12pm On Dec 17, 2015 |
![]() The Vice President $900,000 in US bank don double! ![]() ![]() ![]() ![]() |
Re: Naira Situation Worsens, Falls To N270/$ by Nobody: 9:13pm On Dec 17, 2015 |
MadCow1: And you expect God to BLESS APC, Buhari and Kermit the Finance Minister for doing nothing to take measures to save our economy? You are really a Mad Cow...just to ask though....do you belong to buhari's farm cattle? 2 Likes |
Re: Naira Situation Worsens, Falls To N270/$ by ibisko04: 9:14pm On Dec 17, 2015 |
Newmanluckyman:Why not. This is an obvious situation. The only different is that gej administration waisted all the surplus accrued to government when oil was selling for 120dollars thereby setting the ground for this mess. 1 Like |
Re: Naira Situation Worsens, Falls To N270/$ by Dextra(f): 9:18pm On Dec 17, 2015 |
Teejava:Fortunately for you, it does not affect the Canadian currency which is relatively at its low point compared to Nigeria. Last exchange I did was CAD$1= #142 Naira. The Canadian Dollar has fallen against the US Dollar as well. Do not worry. ![]() ![]() |
Re: Naira Situation Worsens, Falls To N270/$ by ArewaWarrior: 9:24pm On Dec 17, 2015 |
Nairaland is indeed infested with idiots who know next to nothing about the economy. If you talk you only speak of what you know, and if that is next to nothing well sorry for you, if you listen on the other hand, you might just learn something. GEJ might be gone from power, but his colossal looting and financial mis-management of public funds is indeed the sole cause of the present Nigerian financial predicament. 4 Likes 3 Shares |
Re: Naira Situation Worsens, Falls To N270/$ by Nobody: 9:36pm On Dec 17, 2015 |
olutunde12:That wasn't a joke bro. After filling form1 at the bank and one is asked to wait cos I'm still on queue. Its over 3wks nw. |
Re: Naira Situation Worsens, Falls To N270/$ by EternalTruths: 9:41pm On Dec 17, 2015 |
ArewaWarrior: By the time you guys are through blaming Jonathan, 2019 will be over ![]() 1 Like |
Re: Naira Situation Worsens, Falls To N270/$ by Nobody: 9:44pm On Dec 17, 2015 |
Dextra:I'm well aware of that. The ish for me is the availability of the currency. |
Re: Naira Situation Worsens, Falls To N270/$ by Nobody: 9:51pm On Dec 17, 2015 |
endtimesblog:na same thing banks go convert am? |
Re: Naira Situation Worsens, Falls To N270/$ by Obynolee(f): 9:53pm On Dec 17, 2015 |
ibisko04: Stop saying what you don't know,the GEJ lead federal government through Ngozi Okonjo started saving the crude oil surplus money for the rainy day Governors under Amaechi and Kwankwaso(vocal voice) took federal government to the supreme court contending that the federal government lacks the power to hold their money,that the money be shared amongst the 36 states and they(governors)won because the constitution says that the money be shared amongst the states not saved by the federal government.The problem i have with this administration is that they seems not to know what to do about the dwindlling economy,no policy to that effect and this is what is scaring foreign investors away unlike GEJ's administration that we have world class economist.I think the naira wouldn't have depreciated like this if GEJ were to be in power because of his economic team which is lacking in this administration. 2 Likes 1 Share |
Re: Naira Situation Worsens, Falls To N270/$ by Nobody: 9:57pm On Dec 17, 2015 |
Saklekplus:my dear do u hav sense? You blamed PDP wen dey were in power, nw dey ar nt u still blaming dem. Tufiakwa I hav neva seen any set of stupid pipo lik u apc pipo 2 Likes 1 Share |
Re: Naira Situation Worsens, Falls To N270/$ by cutekhalifa(m): 10:05pm On Dec 17, 2015 |
Our Oyil president is trying nah.... If u like carry doctorate degree from oxford & Cambridge university give a dullard... He will for ever remain a dullard... Biafran pounds go soon get value pass Naira.... Click like and share to BUBU ![]() ![]() ![]() |
Re: Naira Situation Worsens, Falls To N270/$ by cutekhalifa(m): 10:12pm On Dec 17, 2015 |
MadCow1:the dullard u voted for, is even asking for 6months leave to west germany... ![]() ![]() ![]() ![]() ![]() ![]() |
Re: Naira Situation Worsens, Falls To N270/$ by viktor01(m): 10:13pm On Dec 17, 2015 |
ayodele234: Last time I checked, Buhari promised to stabilize it or was he high on Oshogbo weed when he made the promise? |
Re: Naira Situation Worsens, Falls To N270/$ by ArewaWarrior: 10:14pm On Dec 17, 2015 |
EternalTruths: The truth has to be said my brother. I'm not a blind PMB fan, I will judge him im due time but I'm very optimistic in his potential. |
Re: Naira Situation Worsens, Falls To N270/$ by ArewaWarrior: 10:19pm On Dec 17, 2015 |
viktor01: Guy calm down, we'll get there, not N1=1$ but we'll recover. The administration is still in its early stages, holding your peace is only fair as the PDP govt which you obviously a support has been there for 16 years without achieving much. |
Re: Naira Situation Worsens, Falls To N270/$ by diva90: 10:37pm On Dec 17, 2015 |
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Re: Naira Situation Worsens, Falls To N270/$ by soldierdollar(m): 10:41pm On Dec 17, 2015 |
NaLaugh: You have two options . Receive with your domiciliary account , transfer to Aboki and convert with N290 or withdraw with your normal account at an official rate of N250 plus . N199.05 is now an old school |
Re: Naira Situation Worsens, Falls To N270/$ by Reference(m): 10:48pm On Dec 17, 2015 |
juman: It will not collapse. The country only needs to tighten expenditure and raise alternative income, that's all. |
Re: Naira Situation Worsens, Falls To N270/$ by jaybee(f): 10:56pm On Dec 17, 2015 |
EternalTruths: Don't be deceived. As long as the earth endures, blaming Jonathan for his six-year wanton destruction of Nigeria shall never cease. |
Re: Naira Situation Worsens, Falls To N270/$ by kcwise(m): 10:57pm On Dec 17, 2015 |
Warlord3000:Ar u kidding me? |
Re: Naira Situation Worsens, Falls To N270/$ by omohayek: 10:58pm On Dec 17, 2015 |
ayodele234: You're one of the very few commenters who've made an iota of sense in this thread, but unfortunately you're trying to talk sense to people who seem to be not only economically illiterate but simply outright illiterate. Hardly any of them seem to realize that given Nigeria's export profile and the state of the oil markets, the Naira would be facing the same devaluation pressure regardless of who was in power. Instead they fill in the vast voids in their understanding with ignorant talk about APC vs. PDP or tribalistic nonsense. 1 Like |
Re: Naira Situation Worsens, Falls To N270/$ by Reference(m): 11:01pm On Dec 17, 2015 |
jusRadical: Hmmm. Its rather difficult to ignore that fact. |
Re: Naira Situation Worsens, Falls To N270/$ by NovusHomo(m): 11:32pm On Dec 17, 2015 |
anonimi: Oh well, it's your fault Fortunato. 1 Like |
Re: Naira Situation Worsens, Falls To N270/$ by Nosaghae(m): 11:51pm On Dec 17, 2015 |
MadCow1:is that all u have to say? living in self denial is worse than HIV |
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