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Naira Falls To N370 Per Dollar - Business (4) - Nairaland

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Unbelievable!!! Naira Falls To N485/$1, N600/£1 / Naira Falls Against US Dollar / Naira Falls To 325 On Dollar Shortage -punch (2) (3) (4)

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Re: Naira Falls To N370 Per Dollar by ozoemenaca: 12:07pm On Feb 18, 2016
What do you expect, this is just the beginning. Change they want, and change they would get. Lie Lie Mohammed should also sack the PDP members causing the naira to fall. Funny people
Re: Naira Falls To N370 Per Dollar by maxzzo1(m): 12:07pm On Feb 18, 2016
APC change indeed....
Re: Naira Falls To N370 Per Dollar by Nobody: 12:09pm On Feb 18, 2016
adipemcanis1:
Oil dependency.

Of course....we should blame the last government at all levels for not saving money. But if they had saved, we would still be in the same trobule...because we do not have the dollars to back up our economy.

There is nothing that the current govt can do...except hoard dollars, hope that prices go up....and in the meantime....diversify.

Either way.....the road out of dependency on oil is a long and hard road.I hope Nigeria is willing to take it. And it starts by spending what little money we have on industries and technology.
pls can some turn to his or her neighbour and say 'neighbour have you blamed the past government today?let the blame game kwomtunu
Re: Naira Falls To N370 Per Dollar by missLight(f): 12:09pm On Feb 18, 2016
Our help comes from God alone.
Re: Naira Falls To N370 Per Dollar by Nobody: 12:09pm On Feb 18, 2016
Shehucom:
We will get over this.. This am sure of, May God grant Mr President long life. To those mofos castigating Mr president on this forum , very soon, just like my neighbors dog, you shall fix your tails between your legs. #ibelieveinbuhari

For those who believe in Buhari may your life be managed the way Buhari is managing our Economy. In d name of whatever you believe in.

Press Like to say Amen n Share to reject d this simple prayer.

4 Likes

Re: Naira Falls To N370 Per Dollar by Coldfeets: 12:09pm On Feb 18, 2016
Ask4bigneyo:
Osinbajo: Mr. President, Mikel scored today?
Buhari: Which Mikel?
Osinbajo: John Mikel Obi of Nigeria
Buhari: What did you drink last night?
Osinbajo: I swear, him score. It was a corner.
Mfonobong Abel Ekene Even confirmed it on his facebook
Buhari: Osinbade, That means change have catch Mikel and football
Osinbajo: Yes, change has change Mikel
Buhari: Did Chelsea win?
Osinbajo: No, them beat them two one, last minute goal
Buhari: That is corruption, we must fight it
Osinbajo: How?
Buhari: They must replay the match. Call EFCC Chairman for me

Rubbish. sad
Re: Naira Falls To N370 Per Dollar by erico2k2(m): 12:10pm On Feb 18, 2016
grayht:
[size=20pt]Someone pls wake me when will it falls to N1360... [/size] wink
Nov this year

1 Like

Re: Naira Falls To N370 Per Dollar by NaLaugh: 12:10pm On Feb 18, 2016
grayht:
[size=20pt]Someone pls wake me when will it falls to N1360... [/size] wink

Damn! I'll be on the next flight to Naija if that happens. $1k = N1,360,000 = Maximum Chilling for a week. cheesy

2 Likes

Re: Naira Falls To N370 Per Dollar by hottathanfire(m): 12:11pm On Feb 18, 2016
mystic70563:
i'm curretly at the bank and 1 dollar = 197 naira at the exchange board
My broda, I tire for the banks jare na so dem dey do am o, last week went to drop MTCN but I returned heart broken cos they didn't let let the money big reach its potential but I don spend am finish sha
Re: Naira Falls To N370 Per Dollar by Nobody: 12:12pm On Feb 18, 2016
Buhari can never equates #1 to $1 as he promised.
Re: Naira Falls To N370 Per Dollar by Nobody: 12:14pm On Feb 18, 2016
mystic70563:
i'm curretly at the bank and 1 dollar = 197 naira at the exchange board
Do you know what they call parallel market?
Re: Naira Falls To N370 Per Dollar by tse1v1(m): 12:14pm On Feb 18, 2016
LIKE SERIOUSLY ARE U FOR REAL shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked shocked
Re: Naira Falls To N370 Per Dollar by erico2k2(m): 12:16pm On Feb 18, 2016
Boss13:
Who are the mad people requesting for devaluation. We have not even devalued and the naira is about to hit the N400 ceiling. Apart from foreign buyers who are desperately calling for devaluation before it would be cheaper to buy our products, any other reason is untenable. We are in a fixed state, a terrible mess and we require an urgent redress of the present situation.

I still insist that the CBN maintains its official rate.
Devaluation would have killed speculation. The reason we are on this mess is cos of speculation. Global slow down is not peculiar to Nigeria but the value of thier mo ey did not depreciate at dame margin.
Re: Naira Falls To N370 Per Dollar by Nobody: 12:16pm On Feb 18, 2016
Victoriousvic:
There was a country. cry

grin there still is bro..

we are feeling it sooo much, its disheartening. but i have a feeling that when the budget is implemented, everything will get on track.
till then, God help us
Re: Naira Falls To N370 Per Dollar by erico2k2(m): 12:16pm On Feb 18, 2016
Love Machine:
Buhari can never equates #1 to $1 as he promised.
NOP but his body language will. grin
Re: Naira Falls To N370 Per Dollar by MissingBudget: 12:17pm On Feb 18, 2016
scachy:
385 today. 375 was two days ago n earlier yesterday

#390 some minutes ago.

1 Like

Re: Naira Falls To N370 Per Dollar by erico2k2(m): 12:18pm On Feb 18, 2016
NaLaugh:


Damn! I'll be on the next flight to Naija if that happens. $1k = N1,360,000 = Maximum Chilling. cheesy
Guy as we dey talk like this £1k nah N450,000

1 Like

Re: Naira Falls To N370 Per Dollar by erico2k2(m): 12:19pm On Feb 18, 2016
opal4real:


For those who believe in Buhari may your life be managed the way Buhari is managing our Economy. In d name of whatever you believe in.

Press Like to say Amen n Share to reject d this simple prayer.
Amen .Iseh
Re: Naira Falls To N370 Per Dollar by Nobody: 12:19pm On Feb 18, 2016
iAmCharis:
Lol
Do a transaction and find out their rate. wink

Bank rate is always a whole lot cheaper than the black market rate but they don't sell and lots of people want the cash for whatever reason(s), which leads to black market thriving. It's preferable for e-transactions, so he might be very correct.
Re: Naira Falls To N370 Per Dollar by playtheblues(f): 12:19pm On Feb 18, 2016
Even you don't believe yourself.

Keep defending super clueless dull Buhari. One day the spell will wear off.


adipemcanis1:


If GEJ was still in charge....the same thing would have been happening.

And you would be saying....


Anyway....myquestion to you is....what should the government do differently? We no longer have enough dollars to keep the naira afloat because of falling oil prices. What is your solution?
Re: Naira Falls To N370 Per Dollar by erico2k2(m): 12:19pm On Feb 18, 2016
ozoemenaca:
What do you expect, this is just the beginning. Change they want, and change they would get. Lie Lie Mohammed should also sack the PDP members causing the naira to fall. Funny people
Very soon E go B Jonah fault.
Re: Naira Falls To N370 Per Dollar by Boss13: 12:21pm On Feb 18, 2016
erico2k2:

Name one goods it won't affect. Then I will tell you how it does affect it then you will recognise what shyte we are in

Cassava. Over to you
Re: Naira Falls To N370 Per Dollar by nigerfine: 12:24pm On Feb 18, 2016
This doesn't make me happy at all. The first thing we should ask ourselves is .....as that GEJ did not save money , what do we do?
When we resolve this , we have a rhythm. We can't keep shouting the fall in oil prices, we are not the only country affected . others are not going down as fast as us.
Re: Naira Falls To N370 Per Dollar by Mykelpato(m): 12:25pm On Feb 18, 2016
angry E no go better for Dullardinhoe.
Re: Naira Falls To N370 Per Dollar by nigerfine: 12:27pm On Feb 18, 2016
erico2k2:

Devaluation would have killed speculation. The reason we are on this mess is cos of speculation. Global slow down is not peculiar to Nigeria but the value of thier mo ey did not depreciate at dame margin.
same opinion my guy
Re: Naira Falls To N370 Per Dollar by profinmasscom(m): 12:27pm On Feb 18, 2016
I will make one naira equal to one dollar if I become the president of the country. Please can someone remind me who made this statement?
Re: Naira Falls To N370 Per Dollar by Demdem(m): 12:29pm On Feb 18, 2016
[b]The earlier u all get the gist the better for us all. if u add value to the economy and u really need dollars kindly apply to the banks and if u meet the requirements u will be given at the below rate and u continue to add to the economy.
However if u need dollars for luxuries, goods cbn has stopped funding with dollars, holidays etc u are on ur own. Go look for ur dollar elsewhere
Have we wondered why Nigerian manufacturers (MAN) arent complaining? have u wondered why that tomato selling woman in the market doesnt care or know what u are talking about because they arent affected? its because their business seems to be picking up by Nigerians now looking inwards. its we the elite that are feeling the heat and not the poor.
Gone are the days when we have serious reserves and Govt will continue to gurantee all our frivolities. Now, for frivolities, u are on ur own. The interest of the extremely weak is this govt priority and not the overfed. Many shouting here aimlessly are not even affected in anyway about the rise in the parallel market. Those receiving free dollars before cant and have gone in the parrallel market making it saturated and price high.
When they finally get their dollars at extremely high rate and choose to import, on getting to our borders, they also pay huge tax to the govt so by the time the goods get to the end shop, it becomes ridiculously expensive for the buyer. The question is if the buyer doesnt buy the luxury good, will he die?
I have reasons to import spare parts for my vehicles and to be honest, its ridicously high now. Govt is forcing me to start looking towards Innosun...............for my selfish self, thats not ok but for the overall good, its the best.
[/b]

2 Likes

Re: Naira Falls To N370 Per Dollar by poseidon12: 12:30pm On Feb 18, 2016
mystic70563:
i'm curretly at the bank and 1 dollar = 197 naira at the exchange board

That's the official rate which would be almost impossible for the average Nigerian to get.
Re: Naira Falls To N370 Per Dollar by SirShymexx: 12:32pm On Feb 18, 2016
It seems the naira is about to be toilet paper.

GEJ and his cronies really nuked the Nigerian economy. grin
Re: Naira Falls To N370 Per Dollar by Demdem(m): 12:34pm On Feb 18, 2016
poseidon12:


That's the official rate which would be almost impossible for the average Nigerian to get.

1) who is an average Nigerian?
2) what does an average Nigerian want to do with dollars?
Re: Naira Falls To N370 Per Dollar by SirShymexx: 12:35pm On Feb 18, 2016
Only a Putin-esque leader can save Nigeria.

Buhari isn't the answer cos the Nigerian economy right now looks as messed up Yeltsin's Russia was, before Emperor Putin got to power and saved mother Russia.

Once you look at how the IMF and World Bank destroyed Russia, after the collapse of the Soviet Union, during Yeltsin's era and do a comparative analysis with the utter destruction melted out to the Nigerian economy under Iweala - you'll see a lot of similarities.

Pray for a saviour like Putin! The greatest leader in the modern era.
Re: Naira Falls To N370 Per Dollar by Nobody: 12:35pm On Feb 18, 2016
Free fall! It's heading to #500 before 29th May,2016. No Nigerian leader can solve Nigeria's economic woes. Anyway,the official rate is $1 = #198:50.

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