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Naira Tumbles To 391/dollar - Business (3) - Nairaland

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Naira Tumbles To 503 On Parallel Market / Naira Tumbles To 490 As Dollar Shortage Continues / Naira Tumbles To 360 As Dollar Supply Dries Up (2) (3) (4)

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Re: Naira Tumbles To 391/dollar by Nobody: 5:42am On Feb 19, 2016
Waiting till when it hits #1k to $1 and I will visit home, so much money to flex grin grin grin grin. I pray it continues falling, I will be smiling to the Bureau de change when next I visit home #DancingSkelewa grin grin

1 Like

Re: Naira Tumbles To 391/dollar by kristisking(m): 5:42am On Feb 19, 2016
Bubu we are still waiting to see 1 naira equal to a dollar. PMB simply promised to make 1 dollar equal 1000 naira.

1 Like

Re: Naira Tumbles To 391/dollar by Obike10: 5:44am On Feb 19, 2016
In a normal society, Gej should be in jail. His desperation to win re election has brought us in to this mess. You guys won't understand.

5 Likes 1 Share

Re: Naira Tumbles To 391/dollar by kristisking(m): 5:45am On Feb 19, 2016
ENDTIMELIFE:
Chai Apc don finish naija. we enter one chance true true shocked shocked grin grin cheesy cheesy cheesy

plz where's oga Jona ? lipsrsealed lipsrsealed
He is chilling in his Otuoke home watching in 3D how Nigerians made a grave mistake of electing baba one chance.

3 Likes

Re: Naira Tumbles To 391/dollar by naijaboy756: 5:48am On Feb 19, 2016
banmee:


You do realise he is a major part of the problem?
I wish Goodluck blamed Yaradua!

9 Likes

Re: Naira Tumbles To 391/dollar by naijaboy756: 5:49am On Feb 19, 2016
Obike10:
In a normal society, Gej should be in jail. His desperation to win re election has brought us in to this mess. You guys won't understand.
make us understand na! Ode..

9 Likes 1 Share

Re: Naira Tumbles To 391/dollar by Nobody: 5:49am On Feb 19, 2016
Obike10:
In a normal society, Gej should be in jail. His desperation to win re election has brought us in to this mess. You guys won't understand.

A lot of us do understand.

In saner countries he'll be in shackles now.
Re: Naira Tumbles To 391/dollar by acada111(f): 5:50am On Feb 19, 2016
RichYoungNigger:


This mental illness that runs in your family dey affect you

I tire for the guy o, seriously.

1 Like

Re: Naira Tumbles To 391/dollar by naijaboy756: 5:52am On Feb 19, 2016
EgunMogaji:


A lot of us do understand.

In saner countries he'll be in shackles now.
u are still without shame! Your moniker says it all. But I advise, 'bury ur head in shame'.

3 Likes

Re: Naira Tumbles To 391/dollar by babestella: 5:54am On Feb 19, 2016
oyinkinola:
[s][/s]

2017 budget will beat record... ₦1 quadrillion!, all the social sectors will be substantially finance to trillions ₦, poverty will be completely eradicated and by the end of year 2018 Nigeria will be declared a developed state and classify one of the first three country in the index of human .
I know you will argue on how this can happen with the economics situation of today, low foreign reserve, low oil price, with depreciation of ₦.
yes oil price is down, foreign reserve is dry but we still have foreign looted fund reserve at hand! when recovered and well managed, it won't be problem to have money for this budget!
we can only pray that a $ hit ₦1000 and all $1 trillion looted recovered!
I know for sure that with the determination of this government and the support of foreign nation to help recovered all $ trillion looted it will happen.....$1 trillion recovered and change to ₦ will give us ₦1 quadrillion needed to financ that budget!
year 2017 bye bye to poverty!

Your comment says a lot about your age and mental capacity, you are not making any sense even as a low grade and uninformed political minion. Get some education please.

7 Likes

Re: Naira Tumbles To 391/dollar by Adesiji77: 5:54am On Feb 19, 2016
[quote author=urboy1 post=43050712][/quote]

EOD embarassed
Re: Naira Tumbles To 391/dollar by banmee(m): 5:55am On Feb 19, 2016
naijaboy756:
I wish Goodluck blamed Yaradua!

Do you even know what's going on in your country? You had a leader who's tenure was filled with unbelievable levels of corruption by people he appointed or nominated and you still want him back? Wherever corruption thrives, progress can never be made. It's common sense. When a child fails an exam in school, it doesn't just happen overnight. What did he do prior to the exams. Did he study? Did he ask for help? Were there safeguards to ensure he was studying. Blaming Buhari for this mess makes no sense. The symptoms have been there for years and only just exposed because of the drop in the price of oil. If oil prices hadn't dropped, Nigerians would still have been living in lala land thinking everything was fine.

3 Likes

Re: Naira Tumbles To 391/dollar by babestella: 6:07am On Feb 19, 2016
A lot of kids on NL, they will all run around to blame GEJ even after 9 months their messiah came to power and cannot even formulate a forward looking economic policy nor constitute a proactive Economic team.

I'm really afraid of our future as a nation if all we read from our youths are unintelligent comments that shows how shallow, uneducated and uninformed they are, we will keep having PHCN certified illiterates running this country.

Please ask Tinubu and OBJ how market, they were the ones who packaged this illiterate and sold him to educated South westerners who can't reason beyond their nose, this is where we are today.

9 Likes

Re: Naira Tumbles To 391/dollar by Goldencollins: 6:09am On Feb 19, 2016
oyinkinola:



[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]
Just look at d nonsense u wrote.

7 Likes

Re: Naira Tumbles To 391/dollar by permanentgrace(m): 6:11am On Feb 19, 2016
Stuppid man that came into office without any feasible vision.

All he and his annoying team do is blaming GEJ. Nonsense!!!

Prices of commodities now in the local market have all skyrocketed and the iddiot is still busy junketing from Saudi Arabia to Iran to Britain to Ghana and the list continues. Meanwhile, the leaders of those nations he visits have their asses seated in their respective countries and ensure things are on good shape for the citizenry.

BuukoHari, may you end up in Sambisa forest for boko boyz to make use of you in the course of this your tour...AMEN.

4 Likes

Re: Naira Tumbles To 391/dollar by Nobody: 6:11am On Feb 19, 2016
naijaboy756:
u are still without shame! Your moniker says it all. But I advise, 'bury ur head in shame'.

Why would I bury my head in shame? grin

I'm living a fulfilled life mate.

Nice try lashing out though.
Re: Naira Tumbles To 391/dollar by SoNature(m): 6:12am On Feb 19, 2016
oyinkinola:



[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]

I am shocked by the way these APC apologists think. Frankly speaking, I expected to see the argument that when dollar/naira goes high, it will force Nigerians to patronise local commodities because the foreign ones which dominate our local markets today will become a luxury and only affordable to the rich.

Surprisingly, you are busy talking about recovered loots and its projected naira value meanwhile we don't know how much has been recovered yet because nobody has accounted for it or told us the projects they would be channelled into. And how sure are you that Magu will not run away with the repatriated loots like his ex-colleague, Larmode? Please wake up!

I pray that you receive #commonsense asap to understand that almost everything we use in this country is imported hence; the need to stabilise our local currency against its foreign counterparts by encouraging Nigerians to patronise made in Nigeria goods which will stimulate the economy NOT telling us some useless loots repatriation theory. A country that still imports toothpicks and pencils after over 55 yrs of existence still has a long way to go.

God help Nigeria

8 Likes 1 Share

Re: Naira Tumbles To 391/dollar by Abeymills(m): 6:12am On Feb 19, 2016
Bubu u try mean while zombi Wey Na 1wey ajoro jara joroo zombie Wey Na 1wey ajoro jara joro.... Zombi o zombie zombie o zombie some ediot dey here dey Yan nonsense blame jona blame pdp blame god abi?who next 2blame?apc d worst party 2ever rule Nigeria

1 Like

Re: Naira Tumbles To 391/dollar by babestella: 6:12am On Feb 19, 2016
banmee:


Do you even know what's going on in your country? You had a leader who's tenure was filled with unbelievable levels of corruption by people he appointed or nominated and you still want him back? Wherever corruption thrives, progress can never be made. It's common sense. When a child fails an exam in school, it doesn't just happen overnight. What did he do prior to the exams. Did he study? Did he ask for help? Where there safeguards to ensure he was studying. Blaming Buhari for this mess makes no sense. The symptoms have been there for years and only just exposed because of the drop in the price of oil. If oil prices hadn't dropped, Nigerians would still have been living in lala land thinking everything was fine.

Buhari and his gang are yet to prove any of these corruption cases in court, they are busy blaming the judiciary too. If you allege a man is corrupt, the onus is on you to prove it. Yes there is corruption in every corner of the world, it doesn't stop an intelligent government from moving the country forward. As it seems today, Buhari just earned himself the most clueless illiterate president ever in this world, even President Mugabe wouldn't perform this badly.

5 Likes

Re: Naira Tumbles To 391/dollar by henryutd(m): 6:13am On Feb 19, 2016
[quote author=urboy1 post=43050712][/quote]

Which site is this?
Re: Naira Tumbles To 391/dollar by Nobody: 6:16am On Feb 19, 2016
#bringbackgoodluckjonathan. What a wasted vote!
Re: Naira Tumbles To 391/dollar by cjfavour(m): 6:18am On Feb 19, 2016
Bishops10:
Bring back Goodluck Jonathan


God forbid. So you've nt heard of Dasukigate? How much did Dasuki give u?
Re: Naira Tumbles To 391/dollar by praxisnetworks: 6:21am On Feb 19, 2016
Obike10:
In a normal society, Gej should be in jail. His desperation to win re election has brought us in to this mess. You guys won't understand.

1 Like

Re: Naira Tumbles To 391/dollar by banmee(m): 6:21am On Feb 19, 2016
babestella:


Buhari and his gang are yet to prove any of these corruption cases in court, they are busy blaming the judiciary too. If you allege a man is corrupt, the onus is on you to prove it. Yes there is corruption in every corner of the world, it doesn't stop an intelligent government from moving the country forward. As it seems today, Buhari just earned himself the most clueless illiterate president ever in this world, even President Mugabe wouldn't perform this badly.

So, basically you are saying that Jonathan did a very good job steering the country in the right direction when he was in charge and the corruption allegations is and was unfounded. We should not even trace back the rot today to his stewardship during his tenure. Ok. Got it.
Re: Naira Tumbles To 391/dollar by me69: 6:23am On Feb 19, 2016
High inflation is looming so i wouldn't advice you guys to keep your money in currency or deposits buy hard assets

3 Likes 1 Share

Re: Naira Tumbles To 391/dollar by Stuntkid172(m): 6:31am On Feb 19, 2016
ENDTIMELIFE:
Chai Apc don finish naija. we enter one chance true true shocked shocked grin grin cheesy cheesy cheesy

plz where's oga Jona ? lipsrsealed lipsrsealed

COUNTRY FOR SALE:
abeg help me and look for persin wey go buy this country.this is my fathers land and i need to sell it. Let me sell this z** and get something important doing. Abeg find the persin sharp sharp 4 me. I promise u 25%. Just try.
Re: Naira Tumbles To 391/dollar by Nolyosak(m): 6:31am On Feb 19, 2016
What is happening in dis country?
Re: Naira Tumbles To 391/dollar by P0intBlank(m): 6:31am On Feb 19, 2016
Hmmm....this reminds me of Zimbabwean dollars.
Re: Naira Tumbles To 391/dollar by ddippset(m): 6:31am On Feb 19, 2016
Brilliance9000:
This country is finished!

Let me see the hypocritical twit that will invoke GEJ. GEJ left office with naira to dollar at 210 and today it's almost 400 naira. GEJ inherited naira to dollar from Yaradua at 165, it stayed at this rate +/-15 for 4 yrs, it was only towards the end of 2014 that we began to see fall in naira largely caused by those who are bent on sabotaging his achievements to make sure he doesn't get re-elected. Compare dollar to naira loss in value under GEJ from 165 to 210 within 4-5 yrs span...that's very reasonable.

However under Buhari from 210-400 in barely 8 months? This is disastrous...an invitation to anarchy. Did you guys noticed that under Jonathan when naira depreciates, it appreciates back within few days. But under Buhar...it only depreciates. Don't forget that Obasanjo and Jonathan had strong, powerful economic team...this administration has zero. Very disorganized government! Emefiele resign honorably and let them run Nigeria like a private cattle ranch in Duara...everything to them is about tribalism.

Keep blaming GEJ and oil price until dollar hits 1000 Naira by July by the rate Naira is falling.
we have any economy 90% driven by oil right? Now how much is a barrel of oil now? And how much was it during GEJ? Abi we should blame buhari for the dwindling oil proceeds? Even the common sense of A, B, C, you don't know! Who was depleting our foreign reserves sharing dollars to traditional rulers? When people want to speak the truth you people don't fail to bring up the usual blackmail of people blaming Jonathan!

2 Likes

Re: Naira Tumbles To 391/dollar by M4gunners: 6:31am On Feb 19, 2016
Na una go tire ooo.
Re: Naira Tumbles To 391/dollar by Nolyosak(m): 6:32am On Feb 19, 2016
If i may ask, who is to blame for dis falling of naira nw, is it gej government or pmb government?
Re: Naira Tumbles To 391/dollar by praxisnetworks: 6:41am On Feb 19, 2016
banmee:


So, basically you are saying that Jonathan did a very good job steering the country in the right direction when he was in charge and the corruption allegations is and was unfounded. We should not even trace back the rot today to his stewardship during his tenure. Ok. Got it.
So that's why you don't have an economic team?

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