Naira drops to 390 per dollar - Politics (2) - Nairaland
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| Re: Naira drops to 390 per dollar by trillville(m): 3:45am On Aug 04, 2016 |
Kaboninc my man please read my comment again. [Quote] what you do not understand is that nigeria is in deep Shiit because of ex president Jonathan. The damage has already been done by Goodluck. Do you start studying for an examination in the middle of the exam. We are already in a currency crisis. This crisis will continue until global supply of crude oil diminishes or global demand for crude oil grows. The earliest foreseeable date as at now is 2019. This is how long this crisis may continue for. How low will the Naira go? 300 Naira per dollar, 400 Naira per dollar? no one knows. Godwin and Buhari are grasping at straws trying to save the Naira, Are they going to succeed? Nobody knows. The unintended consequences of Buharinomics such as hoarding of foodstuff by sellers may occur again. Nigeria is in trouble, the type of trouble it hasn't faced in 30 years, trouble as a result of poor the leadership of Goodluck Jonathan. If our refineries are truly fixed and we can produce about half of our local demand for petrol, this may help to stabilise the Naira. [/quote] |
| Re: Naira drops to 390 per dollar by trillville(m): 3:46am On Aug 04, 2016 |
trillville: In all honesty, Buhari has not reacted to this currency crisis in a proper manner. He should have massively fired fg workers and even raised taxes to save the naira at all cost. He has put nigeria on a recovery path of at least 20 years. Oil prices may not even recover by 2019. We may never even witness 100 dollars per barrel prices again. If buhari does not adapt and face reality, it is very possible that we may see prices reach 8000 naira to a dollar. Yes I know, three zeroes. It has actually happened before. Between the early 80s and mid 90s, the naira went from parity with the dollar to over 80 bucks. That's a times 80 change, or an 8000 percent decrease in the value of the naira. We are in deep shit. |
| Re: Naira drops to 390 per dollar by kettle84(m): 4:01am On Aug 04, 2016 |
princeofpeace22:naira becoming worthless on daily bases. the Daura President has finally destroyed the zoo. |
| Re: Naira drops to 390 per dollar by onatisi(m): 4:33am On Aug 04, 2016 |
kettle84: 1 Like
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| Re: Naira drops to 390 per dollar by decode55(m): 5:56am On Aug 04, 2016 |
taylor88:  |
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