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Nairaland Forum / Nairaland / General / Business / Naira Gains 30%, Sells For N250/dollar (49549 Views)
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 Nbote(m): 9:39am On Feb 25, 2016 |
Na d artifical scarcity wey some people create na him cause d steep freefall. Dollar is supposed to be pegged somewhere around 200 naira but some people definitely saw an opportunity in the purported restrictions on sale to BDC's. Our economic team really looked lost because dey still claimed it was as a result of the all the previous govts inactions and even. Na d same people dey rip nigerians off since time immemorial. 1 Like |
Re: Naira Gains 30%, Sells For N250/dollar by DeGenius3(m): 9:39am On Feb 25, 2016 |
dammytosh: Fayose is NOT a sore loser. he was putting the Government on their toes. 7 Likes |
Re: Naira Gains 30%, Sells For N250/dollar by jpipe2000(m): 9:40am On Feb 25, 2016 |
better! gud news is hard 2 come by in this country nowadays 1 Like 1 Share |
Re: Naira Gains 30%, Sells For N250/dollar by bennymark(m): 9:40am On Feb 25, 2016 |
dunkem21: I will suppose yu did not read the part where Buhari's stand on NO Devaluation broke some Malu's hrts. Anyways, you are an ipod, so I can't connvince a brainwashed fellow. Worship the Ubah 9 Likes 2 Shares |
Re: Naira Gains 30%, Sells For N250/dollar by Mftivi: 9:41am On Feb 25, 2016 |
DeGenius3:It's simple bro. CBN don't sell dollar to nobody. The guys at BDC have to source for dollar and if they go through all the trouble to get it you don't expect them to sell 250. Now what changed? Some big boys dumped a lot of dollars in the parallel market. 1 Like |
Re: Naira Gains 30%, Sells For N250/dollar by manneger2: 9:42am On Feb 25, 2016 |
charliboy654:Why nairaland no get FO0L tab d same way they have LIKE 3 Likes |
Re: Naira Gains 30%, Sells For N250/dollar by Burger01(m): 9:42am On Feb 25, 2016 |
cupidhero:Enemy of progress ![]() 1 Like |
Re: Naira Gains 30%, Sells For N250/dollar by shamecurls(m): 9:42am On Feb 25, 2016 |
Chai! Bad News for wailers 2 Likes |
Re: Naira Gains 30%, Sells For N250/dollar by Ijaya123: 9:43am On Feb 25, 2016 |
DeGenius3: You still have not outlines the policy he undertook to bring down the cost of dollar 2 Likes |
Re: Naira Gains 30%, Sells For N250/dollar by Nbote(m): 9:43am On Feb 25, 2016 |
Na d artifical scarcity wey some people create na him cause d steep freefall. Dollar is supposed to be pegged somewhere around 200 naira but some people definitely saw an opportunity in the purported restrictions on sale to BDC's. Our economic team really looked lost because dey still claimed it was as a result of the all the previous govts inactions and even. Na d same people dey rip nigerians off since time immemorial. It's jus simply finding it's level becos someone(Ubah) has burst their bubble. Awon cabal oloshi 1 Like |
Re: Naira Gains 30%, Sells For N250/dollar by Ijaya123: 9:43am On Feb 25, 2016 |
DeGenius3: You still have not outlined the policy he undertook to bring down the cost of dollar 2 Likes |
Re: Naira Gains 30%, Sells For N250/dollar by Maranzano(m): 9:43am On Feb 25, 2016 |
Good to hear that the Naira is appreciating again. The government should resolve every controversy surrounding the 2016 budget so that the passage and implementation will start asap. Each day the naira depreciates, billions are lost in businesses and jobs are lost as well. It is too early to celebrate, a lot of work needs to be done on the economy. Many attributed the free fall of the naira to the low oil prices but the Angolan currency and that of other oil producing countries in Africa have been stable. It will be very dangerous to play politics with the national economy. The time to act is now. Election has been won and lost. Let the winner face the business of governance and the loser to provide credible opposition rich in efficient alternatives to the ruling party. Hunger knows no tribe or political party. Many Nigerians are hungry and need good governance that ensures food security and job opportunities. 5 Likes |
Re: Naira Gains 30%, Sells For N250/dollar by victorazy(m): 9:44am On Feb 25, 2016 |
HungerBAD: And u believed this? Gullibility is an ..... |
Re: Naira Gains 30%, Sells For N250/dollar by jaybee3(m): 9:45am On Feb 25, 2016 |
lifestyle1: It hasn't duhhhhh Dollar is currently a safe haven investment class supported by the fed's stance on interest rate appreciation coupled with the junk status of commodity prices The volatility experienced in the parallel market has no direct bearing on the official pegged price |
Re: Naira Gains 30%, Sells For N250/dollar by Infinitikoncept(m): 9:45am On Feb 25, 2016 |
Where exactly is it selling for #250 coz I'm tired of all dix media aides doing a useless job for their paymasters. Here in Yaba its #300 so who is circulating this fake news 1 Like |
Re: Naira Gains 30%, Sells For N250/dollar by DropShot: 9:45am On Feb 25, 2016 |
[s] Sunnycliff:[/s] 1 Like |
Re: Naira Gains 30%, Sells For N250/dollar by stephnie44(f): 9:45am On Feb 25, 2016 |
Tnk u lord 4 saving ur ppl 1 Like |
Re: Naira Gains 30%, Sells For N250/dollar by shamecurls(m): 9:46am On Feb 25, 2016 |
The African Israelites now attribute the gain to Uba. ![]() BUBU till 2090 1 Like |
Re: Naira Gains 30%, Sells For N250/dollar by ocholawealth(m): 9:47am On Feb 25, 2016 |
Kudos to Dr. Ifeanyi Ubah, i want to believe there is something he knows that most Nigerians don't with the exception of the elite. I think Ubah's statement provoke this reaction of change in exchange rate...... Needless to say is, the whole exchange rate issue is artificial, some top folks just decided to hoard foreign currencies to suffer the common man. Ubah's was about exposing the big men involved and to safe their faces, they decided to start correcting the anomaly created by them. 4 Likes |
Re: Naira Gains 30%, Sells For N250/dollar by DropShot: 9:47am On Feb 25, 2016 |
[s] dunkem21:[/s] Better to be silent and be thought a fool than opening mouth and remove all doubt. 4 Likes 2 Shares |
Re: Naira Gains 30%, Sells For N250/dollar by DropShot: 9:47am On Feb 25, 2016 |
[s] dunkem21:[/s] Better to be silent and be thought a fool than opening mouth and remove all doubt. What if PMB had given in to pressure to devalue? 1 Like 1 Share |
Re: Naira Gains 30%, Sells For N250/dollar by Sunnycliff(m): 9:47am On Feb 25, 2016 |
Re: Naira Gains 30%, Sells For N250/dollar by kadree(m): 9:48am On Feb 25, 2016 |
Dia political daddy fayose shud come up wit proves y m suppose to biliv e loves naija more dan Muhammadu who refuse to bow down to pressure to devalue d Naira. U won't hia him speak at dis very moment when e slps, drinks n wallow in rubbish water of shame. I bet u, he is somewhere in ikere-ekiti, rolling tyre wit Kids almost unclad under d heavy pouring rain as his gullible fans n lovers only biliv dats how u take governance closer to d pple. |
Re: Naira Gains 30%, Sells For N250/dollar by DropShot: 9:48am On Feb 25, 2016 |
[s] Sunnycliff:[/s] |
Re: Naira Gains 30%, Sells For N250/dollar by emonkey(m): 9:48am On Feb 25, 2016 |
odiks: [size=16pt]PLEASE TELL ME WHERE YOU BOUGHT DOLLAR FOR N250. I ALSO WANT TO BUY. SMH ![]() ![]() ![]() 1 Like |
Re: Naira Gains 30%, Sells For N250/dollar by Dikechigozie: 9:49am On Feb 25, 2016 |
APC has come again with propaganda, just left zone in abuja,bought dollar for #320=$1 now .not up to 2 minutes. Apc doing what the know how to do best. Lies!!!! 1 Like |
Re: Naira Gains 30%, Sells For N250/dollar by Holuwaxheun(m): 9:49am On Feb 25, 2016 |
obailala: Nice Eye Opener There. I Love Ur Conclusion. We Should Not Be Pressurised By Pressing Circumstances To Make Haste Decisions; There Are Times All U Need To Do Is To Be Patient Not To Make Rash Decisions. God Bless Nigeria, God Bless U, And God Bless Me Too. |
Re: Naira Gains 30%, Sells For N250/dollar by koboko69: 9:50am On Feb 25, 2016 |
Sunnycliff: Lol. Ubah now knows more than the FG in power? Lol stake assets with who? U actually think any FG will "BET" LOOOOOOOOOOOOOOOOOOL una funny die. Ubah nor even receive 1 single attention from the FG. Una dey yarn dust 3 Likes |
Re: Naira Gains 30%, Sells For N250/dollar by fineyemi(m): 9:51am On Feb 25, 2016 |
lifestyle1:Is it appreciate or depreciate. U kip sayin dat all d time |
Re: Naira Gains 30%, Sells For N250/dollar by Holyman3(m): 9:51am On Feb 25, 2016 |
J Ijaya123: Here is what he did. After weeks of keeping quiet, he decided to talk. He went all out on a national TV and said, "The dollar scarcity is artificially created to enrich some powerful people. If the government appoint me as a consultant, without payment, the dollar will fall to 200 naira under one month". Cool right. He went further to stake his over 500Billion assets on it. Immediately after his tv show, dollar fell from 400 to 350. That's 50 naira of your money there. Two days after his speech, the cabals convened an emergency meeting, in attendance were Osinbajo, Saraki, Atiku etc. The sophisticated people told us the meeting was for Saraki to beg them not to probe him further. How on earth would Saraki call a public meeting to lobby people against this probe? Such things are done in secret. To cement Uba's claims, the chairman of BUA group said that Federal government is selling our national dollars/fx to Dangote alone to build factories outside Nigeria. It's here on nairaland. Less than 24 hours later, Dollar tumbled from over 350 to 250. Are you still asking what he did? 12 Likes 1 Share |
Re: Naira Gains 30%, Sells For N250/dollar by drss(m): 9:51am On Feb 25, 2016 |
kodded:u mean Bevista ![]() ![]() 1 Like |
Re: Naira Gains 30%, Sells For N250/dollar by Krismart(m): 9:51am On Feb 25, 2016 |
dason4life:You not excluded |
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