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Nairaland Forum / Nairaland / General / Business / Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever (27850 Views)
How Naira Went From N525/$1 To N400/$1 In 3 Days / Naira Crashes To 288/dollar At New Official Market / Naira Crashes To N285/$1 At Interbank Market (2) (3) (4)
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Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by benzics(m): 10:34pm On Aug 04, 2016 |
[img]http://i.onthe.io/vllkyt6ljuucku1og.b0ab86c3.jpg[/img] Reports reaching NAIJ.com indicate that Nigerian currency, Naira has crashed to N400/$1 at the parallel market, the lowest rate ever since the introduction of the flexible exchange rate policy. Source: https://www.naij.com/916521-breaking-naira-crashes-lowest-rate-ever-checkout-new-rate.html 1 Like |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by HungerBAD: 10:37pm On Aug 04, 2016 |
This is the Black Market rate as stated on the top right side. Never trust any news from the Black Market,because 9 out of 10 times,it is the Currency Dealers who increase the real rate like this,so they can make a quick kill. To the OP. What is the Official rate?let us work with that. 13 Likes 1 Share |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by otokx(m): 10:40pm On Aug 04, 2016 |
It will still crash more; it should be 1000 by December. 47 Likes 1 Share |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by yrret: 11:04pm On Aug 04, 2016 |
Seriously, I don't have what to say. I only came here to comment and go away, watch simple sentence that are not handful by those who wish to occupy space due to itching fingers of making less concrete statement. Finally I manage to occupy space by writing what peeps will take time to read and squeeze countenance and maybe sigh for those with aggressive manner of approach. ThankGod we no longer use naira in this part of Nigeria. "Back To Trade By Batter" Modified: Let me go and change my dollars and see if I can buy Aso rock. Saving dollars is the best investment in this present administration. 19 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by tempem: 11:17pm On Aug 04, 2016 |
Why should black market be attached to online buying and selling? Why not the official rate? I don't get the concept.. How do official and black market works. 1 Like 1 Share |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by RichYoungNigga: 2:55am On Aug 05, 2016 |
Wow I so much love Buhari, he made many of us millionaires in just 6 months. I hope he rules Nigeria for 90 years Can you just calculate how much $5000 (little change) is in naira 66 Likes 5 Shares |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by adioolayi(m): 2:57am On Aug 05, 2016 |
It has been breaking lowest rate ever since when ![]() ![]() ![]() ![]() ![]() 2 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by drnairalov: 2:57am On Aug 05, 2016 |
this will affect the bank rate. Nigeria is finished. like 400 naira to a dollar. Wow like wow! 37 Likes 1 Share |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by olufoluke: 2:57am On Aug 05, 2016 |
Hmmm. Sad story 2 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by kolnel: 2:58am On Aug 05, 2016 |
It's never been this bad in this country What's the way forward. ? 45 Likes 2 Shares |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by anomsodi(m): 2:58am On Aug 05, 2016 |
Make we wat |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by 1Dray(m): 2:58am On Aug 05, 2016 |
The change is real. 43 Likes 1 Share |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by ALAYORMII: 2:58am On Aug 05, 2016 |
Ibo laiye nlo ooo Ibo lo nre #400/$1 We dey observe |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by RichYoungNigga: 2:59am On Aug 05, 2016 |
This will affect the zoombies, afonjas and the Aisha rice eaters. Meanwhile, the first lady of Nigeria is chilling in Washington DC while her supporters are in Nigeria drinking garri 109 Likes 6 Shares |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by Afrok(m): 2:59am On Aug 05, 2016 |
This gov't keeps breaking records anyhow... even Messi and CR7 are learners ![]() 77 Likes 1 Share |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by aminho(m): 2:59am On Aug 05, 2016 |
Remember what Dangote said! 4 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by Truth234(m): 3:01am On Aug 05, 2016 |
The Nigerian Naira on Thursday plunged to 400 against the US dollar at the parallel market as forex scarcity continued to impact economic activities in the nation. http://investorsking.com/naira-plunges-to-400-a-dollar-at-parallel-market/ 1 Like 1 Share |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by ERCROSS(m): 3:01am On Aug 05, 2016 |
I'm still hopeful it will get better Nigerians placed too much of hope on PMB Rather than in God... Baba God go help us out when the time is right 42 Likes 1 Share |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by drnairalov: 3:01am On Aug 05, 2016 |
RichYoungNigga: ok so you get the millions but the bargaining power is all that matters .reason fam!! with all the millions you can count in the zimbabwe currency it is still worthless 17 Likes 3 Shares |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by MVLOX(m): 3:02am On Aug 05, 2016 |
Dis fall is legendary oooo 8 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by amichaelz101(m): 3:04am On Aug 05, 2016 |
Gbera re ooo ![]() |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by RichYoungNigga: 3:04am On Aug 05, 2016 |
drnairalov: Well, $30,000 can buy me a house in Nigeria, a house that is worth $450,000 in New York 17 Likes 4 Shares |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by ERCROSS(m): 3:05am On Aug 05, 2016 |
Am I the only one getting scared if the way this economy is going Am frightened even more of how it will be in December Parents just tell your children, No Italian shoes this Christmas If u see chicken kill, Be happy and if na Garri u see whack, don't forget to thank God But Baba God, u talk say u go work on this country, let it get better pls this suffering is too much 52 Likes 3 Shares |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by faaz24: 3:05am On Aug 05, 2016 |
Naira please get on your feet. Kickbox all the foreign currencies into submission ...NAIRA !!! The ref is almost on the. Count of ten, please get up naira, no fall my hand 8 Likes 2 Shares |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by onatisi(m): 3:06am On Aug 05, 2016 |
1Dray: 43 Likes 3 Shares
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Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by numericalguy(m): 3:10am On Aug 05, 2016 |
Hmmm.. This is serious. I remembered during the electioneering days, some people were telling us how Buhari was coming to make one Naira equal to one USD 45 Likes 1 Share |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by drnairalov: 3:10am On Aug 05, 2016 |
RichYoungNigga: oh well that is true. but for the greater good no be good news wetin dey do our economy |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by MakeWeTalk: 3:11am On Aug 05, 2016 |
![]() ![]() ![]() ![]() [size=14pt]And Nigerians thought they were suffering when it was N213 to $1.[/size] ![]() [size=14pt]Well make una all enjoy una change[/size] ![]() 83 Likes 4 Shares |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by ebereokey(m): 3:11am On Aug 05, 2016 |
An APC changed.kakakakakkkkk 7 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by Adatob(m): 3:11am On Aug 05, 2016 |
is flexible policy not working? |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by diva90: 3:13am On Aug 05, 2016 |
Serious depreciation ![]() 8 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by ngmgeek(m): 3:15am On Aug 05, 2016 |
This is not good news at all. Prayer for the country I love so much till the old man showed up. ![]() ![]() 4 Likes |
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