Naira Gains 30%, Sells For N250/dollar - Business (2) - Nairaland
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Bureaux De Change At Risk As Naira Gains More Muscle / As Naira Gains, Neighbouring Countries Ease Rush For Nigerian Goods / Speculators Get Burnt As Naira Gains Value (2) (3) (4)
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| Re: Naira Gains 30%, Sells For N250/dollar by majamajic(m): 9:27am On Feb 25, 2016 |
Ubah he did something like this during kerosene crisis. 8 Likes |
| Re: Naira Gains 30%, Sells For N250/dollar by rawpadgin(m): 9:27am On Feb 25, 2016 |
Burger01:ur post was making sense until u mentioned Jonathan Let the man be please 4 Likes 1 Share |
| Re: Naira Gains 30%, Sells For N250/dollar by AfroKnight: 9:27am On Feb 25, 2016 |
We all knew the hike was artificial. Artificial market forces can only last so long. Those sudden BDC merchants that thought they could steer the market have been shamed. 2 Likes |
| Re: Naira Gains 30%, Sells For N250/dollar by lifezone247(m): 9:27am On Feb 25, 2016 |
Business don start, where are all the car buyers from Cotonou? Cfa don drop too. Make una come o, guys don hungry taya for the past 2 weeks  2 Likes |
| Re: Naira Gains 30%, Sells For N250/dollar by DICK4UCKPUSSY: 9:28am On Feb 25, 2016 |
Over to ipobians |
| Re: Naira Gains 30%, Sells For N250/dollar by lexxyrule(m): 9:29am On Feb 25, 2016 |
Worst news ever. If has to slide up again. That's where the profit comes in. |
| Re: Naira Gains 30%, Sells For N250/dollar by dammytosh: 9:29am On Feb 25, 2016 |
Where is Fayose and his illiterate supporters condemning Buhari for not Devaluing the Naira. Sore losers. 17 Likes 2 Shares |
| Re: Naira Gains 30%, Sells For N250/dollar by ibadanfinest(m): 9:29am On Feb 25, 2016 |
Buhari is building what they 'economists' call 'credibility' and its good for the nation. Every policy will be taken seriously now, but policies should be made after wide consultation. So dollars dey do IGG before ni. Initial gra gra 11 Likes |
| Re: Naira Gains 30%, Sells For N250/dollar by Frankiss44(m): 9:29am On Feb 25, 2016 |
So where are the mofos that said that it will keep increasing because of fall in oil and no product to export. Ifeanyi Ubah insisted that it was an artificial increase yet people were insulting him. Kids everywhere on nairaland forming economists. I guess some people are already watching themselves since Ubah made that declaration on Channels 12 Likes 1 Share |
| Re: Naira Gains 30%, Sells For N250/dollar by SmartMugu: 9:29am On Feb 25, 2016 |
kodded:You didn't get any likes...meaning nobody derived anything from your comment. 16 Likes |
| Re: Naira Gains 30%, Sells For N250/dollar by Adesiji77: 9:30am On Feb 25, 2016 |
Cool...Along Came the Benjamins  |
| Re: Naira Gains 30%, Sells For N250/dollar by Burger01(m): 9:30am On Feb 25, 2016 |
rawpadgin:Don't mind me jare, Jonathan really disappointed me  3 Likes 1 Share |
| Re: Naira Gains 30%, Sells For N250/dollar by Paragon311(m): 9:30am On Feb 25, 2016 |
Fayose won't see anything good in this development except to giving doomed prophecies. Naija has got to be great regardless of enemies of progress.... 1 Like |
| Re: Naira Gains 30%, Sells For N250/dollar by manneger2: 9:30am On Feb 25, 2016 |
Ifeanyi uba (ebubechukwu Uzo 1) is d Man 8 Likes 1 Share |
| Re: Naira Gains 30%, Sells For N250/dollar by Nobody: 9:31am On Feb 25, 2016 |
Gud.And It Can Still Be  ......100/$ |
| Re: Naira Gains 30%, Sells For N250/dollar by miqos02(m): 9:31am On Feb 25, 2016 |
hmmm |
| Re: Naira Gains 30%, Sells For N250/dollar by Ijaya123: 9:32am On Feb 25, 2016 |
Dollarjunkie: What did he do? 9 Likes |
| Re: Naira Gains 30%, Sells For N250/dollar by menxer: 9:32am On Feb 25, 2016 |
Blessed are they that believe in their currency to make it economically viable for then shall prosperity abound. 1 Like |
| Re: Naira Gains 30%, Sells For N250/dollar by DeGenius3(m): 9:34am On Feb 25, 2016 |
Did Mr. Ifeanyi Ubah Open Their Eyes Already? That's Good. 6 Likes |
| Re: Naira Gains 30%, Sells For N250/dollar by dukecharles(m): 9:34am On Feb 25, 2016 |
Does Ifeanyi Ubah has a magic wand 6 Likes 2 Shares |
| Re: Naira Gains 30%, Sells For N250/dollar by KnowMore: 9:34am On Feb 25, 2016 |
Very bad news for me and some guys that earn salary in dollars through Google Adsense. For those who are into importation, this is a chance to buy all the phones, tablets, cloths and human hair. |
| Re: Naira Gains 30%, Sells For N250/dollar by Nobody: 9:34am On Feb 25, 2016 |
Thank GOD, main while, benin is a son to ife king,, according to Wikipedia 2 Likes
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| Re: Naira Gains 30%, Sells For N250/dollar by cupidhero(m): 9:35am On Feb 25, 2016 |
Abeg o...make e go back to 350 or 340 before monday. |
| Re: Naira Gains 30%, Sells For N250/dollar by Nobody: 9:35am On Feb 25, 2016 |
Dollarjunkie:Wat does ifeanyi ubah has to do with this 4 Likes |
| Re: Naira Gains 30%, Sells For N250/dollar by adepiero: 9:35am On Feb 25, 2016 |
DEXTROVERT:We dey talk currency, you are mentioning Zimbabwe?  Zimbabwe currency is not even useful to Zimbabweans 1 Like |
| Re: Naira Gains 30%, Sells For N250/dollar by obailala(m): 9:35am On Feb 25, 2016 |
The body language of Ifeanyi Uba definitely forced some forex rats to release the forex they were hiding. Just the same way his statement about flooding Nigeria with fuel forced every fuel hoarding rat to release the products they were hiding in June 2015 thereby ending Nigeria's worst fuel scarcity ever. The strong statement of Buhari that he wasnt still going to devalue even if it got to N1000, that also helped to cripple the activities of the hoarders. The lesson from these events is that, sometimes you can get something done without necessarily doing anything. 22 Likes |
| Re: Naira Gains 30%, Sells For N250/dollar by pastormellanby: 9:36am On Feb 25, 2016 |
useless IPOB youths dat are crying foul because they no win, I never see them using common sense to talk on nairaland. 6 Likes 1 Share |
| Re: Naira Gains 30%, Sells For N250/dollar by Bimffo(m): 9:37am On Feb 25, 2016 |
If we continue the trend of Made in Nigeria for the Next One Year, we will progress as a country and our currency will get stronger. 2 Likes |
| Re: Naira Gains 30%, Sells For N250/dollar by emi14: 9:37am On Feb 25, 2016 |
Where are those economists? Your analysis about Nigerian economy is zero. Nonsense grammars. 3 Likes |
| Re: Naira Gains 30%, Sells For N250/dollar by faceyourfear: 9:38am On Feb 25, 2016 |
OMG..HOW I WAN START WAILING NOW? 1 Like |
| Re: Naira Gains 30%, Sells For N250/dollar by DeGenius3(m): 9:38am On Feb 25, 2016 |
Ijaya123: since he made some little revelations as to the "Dollar Cabal" (Me Calling them that) seems like the FG have since swinged into action Maybe they didn't have any answer to the dollar issue! The Man I Learned Even Staked N500bn of his assets just to prove that his recommendations will work me also thinks that even the FG might have an insider knowledge, otherwise, who are the guys benefiting from this mayhem? 3 Likes |
| Re: Naira Gains 30%, Sells For N250/dollar by Mftivi: 9:39am On Feb 25, 2016 |
Out of all the comments here no one knows exactly what is happening. I just pity Nigerian youths, why won't they mess with our resources when you low nothing about the economy. Buy dollar now that it's cheap don't relax at home and be singing Kumbaya all day cos when supply falls again dollar will shuttle. This is what we call consolidation in forex. 2 Likes 1 Share |
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