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Nairaland Forum / Nairaland / General / Business / Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever (27849 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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Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by RichYoungNigga: 3:16am On Aug 05, 2016 |
drnairalov: To many people it is |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by diva90: 3:18am On Aug 05, 2016 |
HungerBAD: But nobody buys dollars at official rate, even the banks are selling at BM rate. The official rate is 310 but most banks sell between 350 - 380. BM rate is 390/400 20 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by cococandy(f): 3:20am On Aug 05, 2016 |
Na wa 3 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by baby124: 3:30am On Aug 05, 2016 |
When we said the rate should be controlled. The *economists* came and were screaming about unrealistic things. Now it's on a free fall, you people are crying. You never see anything yet. 3 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by diablos: 3:40am On Aug 05, 2016 |
I just wish a tsunami or typhoon or hurricane prepared from d depths of hell could just passover aso rock and wipe out d useless, repulsive, annoying deaf and dumb dullard out of our lives forever ![]() 20 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by lielbree: 3:40am On Aug 05, 2016 |
Congratulations bubu! ![]() 10 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by plaetton: 3:51am On Aug 05, 2016 |
HungerBAD: Ha ha ha ha. The FARCE is strong with you. ![]() 18 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by Nobody: 3:54am On Aug 05, 2016 |
This shanji is too much o Walahi Bubu wan kill us with shanji o! 4 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by abike12(f): 4:00am On Aug 05, 2016 |
RichYoungNigga: Please which 12m naira house is worth 450k in new york? Take style dey lie. Even 12m hasn't finished buying a plot of land in a nice neighborhood. 10 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by onatisi(m): 4:00am On Aug 05, 2016 |
baby124: 2 Likes
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Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by stevnwigw: 4:03am On Aug 05, 2016 |
ok |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by hustla(m): 4:04am On Aug 05, 2016 |
First fix refineries, how freaking hard is this? The amount of naira spent on importing fuel everyday alone hurts the naira like kilode Fix electricity, encourage investors to come around Kilode sef 14 Likes 1 Share |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by eph12(m): 4:05am On Aug 05, 2016 |
tempem:That's because it is easier for you to get the forex at the black market than at any bank. 5 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by dogstyle007(m): 4:05am On Aug 05, 2016 |
Confused Administration MTCHEWWWWW 9 Likes 1 Share |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by eph12(m): 4:11am On Aug 05, 2016 |
We can't possibly fully blame this administration for this. This situation was always going to happen whether PDP or APC. We depend a lot on import which is hurting us. 5 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by AroOkigbo(m): 4:13am On Aug 05, 2016 |
Very soon they will give us reasons the price of petrol (even kerosene and diesel) will go up in the coming days. #waiting! All those who voted for CHANGE, se una like wetin una do? 12 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by David4best(m): 4:17am On Aug 05, 2016 |
The President is blinded by tribalism to put the right economists in his administration. May God save us in this country 10 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by princeonx: 4:20am On Aug 05, 2016 |
ERCROSS:White man make complicated things simple while black man make simple things complicated. While the west are working on electing leaders that will move their economy forward, you are here calling God God God!! Before you chop off my neck, I believe in God as well but there are things simply expected of a good government not God!! 18 Likes 1 Share |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by Nig4Greatness: 4:27am On Aug 05, 2016 |
Are we cursed in this country??..what's our obsession with forex?.do we now spend Dollar now??.while other countries are developing their countries,we are lamenting over what won't solve our economic problems.funny enough,those who have never seen how dollar look like or its colour are the ones shouting forex the most.God will heal our mentality from over reliance on foreign goods. 4 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by amuokuko: 4:31am On Aug 05, 2016 |
Buhari is working, Naira is falling.... Istandwithebuewu.... 3 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by InvertedHammer: 4:41am On Aug 05, 2016 |
/ Almost time to cut ties with anything Nigeria including nairaland. \ 5 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by Snwokenk: 4:41am On Aug 05, 2016 |
baby124: It can't be controlled! Why can't you understand this! It's the initial currency controls that had caused these damages 5 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by Ruchidera(f): 4:43am On Aug 05, 2016 |
Nig4Greatness:What are you saying? There's no way we can shy away from mentioning forex cos our country is import dependent. Since your APC took over, how many factories have they built instead most companies and factories are closing down because of their wicked policy. People were thinking APC is the Messiah alas they are the worst devil... Just take a look at the turn if event since they took over power? The country presently have no direction. 16 Likes 1 Share |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by Ruchidera(f): 4:46am On Aug 05, 2016 |
InvertedHammer:You must not! We need you to be available to defend Buhari and your APC masters. I remember you campaigned for them very well prior to the election. We are currently reaping the dividends.... ![]() 8 Likes 1 Share |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by Joygalore(f): 4:48am On Aug 05, 2016 |
Sai Buhari Please keep up the good work ![]() Waiting for #1500/ $1 ![]() 4 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by Nobody: 4:48am On Aug 05, 2016 |
RichYoungNigga:i know Nigeria is broke but not the way you think, average working class and business guys still buy cars of 24 million $60,000. Don't think 12 million is as big as you think in Nigeria, it can buy you a house but just an average bungalow in a nice location or a duplex in an undeveloped community. |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by guente02(m): 4:49am On Aug 05, 2016 |
tempem:Even the banks gets her forex from the black market as cbn doesn't give banks fx direct unless on special occasion and the bank has to make available proof of ots use as they don't want the greenback to find its way into the black market and also rates at the black market is facilitated by so many variables ranging from speculation to shiiiiity policies by our about to be defunct apex bank. Houston we have a problem. 2 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by erico2k2(m): 4:51am On Aug 05, 2016 |
drnairalov:U seeem to forget something, his $ which 3 years ago cannot mould 5000 blocks can now buy a full size 3 bedroom duplex, thats wasssssup fam. 1 Like |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by erico2k2(m): 4:53am On Aug 05, 2016 |
grossintel:You guys seem to exaggerate, tell me what average working class Job pay that will enable you save N24M in 30 years if you are not fantastically corrupt 6 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by ERCROSS(m): 4:55am On Aug 05, 2016 |
princeonx: Lolzzzz... oya clap for yourself chebi na u be the president Abi if Government refuse to do tinz expected of them, what will a common man do... Broh... Prayers work more than sentiment in changing the heart of a man 1 Like |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by erico2k2(m): 4:56am On Aug 05, 2016 |
eph12:Nop STOP, this has been the case but then the previous FG had a team of managers in the finance sector and they where managing it so the citizens did not feel the effect, just today the bank of England cut interest rate ot 0.25 to stimulate the economy cos of Brexit.that was teh Bank of England not the prime minister. 8 Likes |
Re: Naira Crashes To N400/$1 At Parallel Market, Lowest Rate Ever by slap1(m): 4:58am On Aug 05, 2016 |
This punishment is too much. Unfortunately zombies still find a way to defend the non-existent president and his band of empty-headed cabinet. After a year of blaming GEJ, the APC government clearly has no other wall to hide their complete inefficiency. Buhari, I spit on you. You are evil! ![]() ![]() 3 Likes |
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