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Nairaland Forum / Nairaland / General / Business / A Dollar Now N500 (19648 Views)
Naira Closes Higher At N363 To A Dollar / CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" / Naira Exchanges At Record-low, N510 A Dollar (2) (3) (4)
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Re: A Dollar Now N500 by ogawisdom(m): 11:21am On Jan 30, 2017 |
1000 loading by DEC |
Re: A Dollar Now N500 by ephi123(f): 11:21am On Jan 30, 2017 |
nbright: you won't see those twats here, they are busy collecting their stipends. 4 Likes |
Re: A Dollar Now N500 by Joyintwos(m): 11:22am On Jan 30, 2017 |
Brunel:ONE MEAL PER DAY 4 Likes 1 Share |
Re: A Dollar Now N500 by Bahddo(m): 11:23am On Jan 30, 2017 |
Fúck... Fúck... Fúck! Damnit! Why exactly is the naira depreciating like this? I need to make some purchases and it looks like the prices would never come down again. Fúck! 2 Likes 1 Share |
Re: A Dollar Now N500 by JennieCutie4U(f): 11:23am On Jan 30, 2017 |
![]() ![]() 1 Like |
Re: A Dollar Now N500 by robosky02(m): 11:24am On Jan 30, 2017 |
truly CHANGE IS HERE ![]() 1 Like |
Re: A Dollar Now N500 by Nobody: 11:24am On Jan 30, 2017 |
darfay: The problem we have is simple. We are not earning enough dollars to buffer the naira. The gej that you call God's elect .....oil prices were as high as 100 dollars per barrel. That is why naira was supposedly doing fine. If oil goes up again, naira will get up again, and you will be praising PMB. Look.... gej used high dollar inflows to keep the naira high. Buhari is just waiting for oil to rise again, while looking for new sources of dollar. Neither of both methods make a good economy. |
Re: A Dollar Now N500 by sirusX(m): 11:25am On Jan 30, 2017 |
Una never see anything ![]() Even before the occupy 9ja protest people go dey battle hunger untop the voice dey wan use shout |
Re: A Dollar Now N500 by Gkemz: 11:32am On Jan 30, 2017 |
Companies should boycott naira currency and start paying their employees in dollar, a stable currency since naira is always depreciating in value everyday. |
Re: A Dollar Now N500 by Youthkingdom: 11:32am On Jan 30, 2017 |
That's how it will be when we reject someone who represent the son of God to embrace someone who represent a slave of God! All we need in Nigeria is the only Son of God"JESUS" and His followers not those Slaves generation because they will always cause hardship and other bad things,I know you guys can as well justify what SLAVE means #GodblessNigeria |
Re: A Dollar Now N500 by chibuzorAbia: 11:34am On Jan 30, 2017 |
goldedprince: Thank you jare. Let Naira float and find its level. If the renegades from the East don't want to produce anything but engage in endless importation LET them go and source for their own dollar. Simple. Those who want to engage in production will have access to dollar at a lower rate. Foolish people! 2 Likes 1 Share |
Re: A Dollar Now N500 by johnstar(m): 11:34am On Jan 30, 2017 |
All yahoo bois Hustle hard Patiently waiting for 1k per dolapo I must buy houz for banana island |
Re: A Dollar Now N500 by Bahddo(m): 11:34am On Jan 30, 2017 |
robosky02:I wonder why you are happy about it |
Re: A Dollar Now N500 by dyangprof(m): 11:35am On Jan 30, 2017 |
GreenMavro: hope u hav taken ya drugs today? 2 Likes |
Re: A Dollar Now N500 by chibuzorAbia: 11:35am On Jan 30, 2017 |
Youthkingdom: Shut up, ignorant Olodo. Your small brain is damn too small to process what is going on so keep your useless opinion to yourself. 3 Likes |
Re: A Dollar Now N500 by prophetfire: 11:36am On Jan 30, 2017 |
Brunel:To soak monkey and baboon with blood ala fulani herdsmen. |
Re: A Dollar Now N500 by IVORY2009(m): 11:36am On Jan 30, 2017 |
4 Likes 1 Share |
Re: A Dollar Now N500 by zinaunreal(m): 11:36am On Jan 30, 2017 |
Una dey here dey chill for a president already in heaven with 12 virgins dey laugh una 2 Likes |
Re: A Dollar Now N500 by Nobody: 11:39am On Jan 30, 2017 |
My fellow Nigerians, it is time to take your country back by fire of by force!!! Burn down these politicians houses and don't let them know peace!!! 1 Like |
Re: A Dollar Now N500 by Nobody: 11:39am On Jan 30, 2017 |
Gbam!....we'are almost getting there! 1000naira to a dollar loading........ Meanwhile, the redundant/FAILED cow-brain is still on january jamboree in uk! Nig is a BAD JOKE! 2 Likes |
Re: A Dollar Now N500 by Johnnyessence(m): 11:41am On Jan 30, 2017 |
it is even very clear that the dollar rate will reach 1000 naira in parallel market in this year. i have been shouting on inflation rate since.pmb is the worst hit president that increased inflation rate in Nigeria. corruption keep increasing, poverty keep increasing while d rich keep getting money into their pocket through dubious means. 1 Like |
Re: A Dollar Now N500 by Nobody: 11:44am On Jan 30, 2017 |
Brunel:change! Things have changed |
Re: A Dollar Now N500 by Nobody: 11:44am On Jan 30, 2017 |
Brunel:change! Things have changed ![]() |
Re: A Dollar Now N500 by Nobody: 11:44am On Jan 30, 2017 |
A MINUTE SILENCE! ![]() ![]() ![]() The state of Nigeria now is simply belly-turning! Check the site on my signature!
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Re: A Dollar Now N500 by Nobody: 11:45am On Jan 30, 2017 |
Lobatan. |
Re: A Dollar Now N500 by Reference(m): 11:45am On Jan 30, 2017 |
9jakohai: You are either dishonest or ignorant. What kept the naira stable during those times was FDI. What distablilizes the currency now is the opposite. Lack of FDI and reverse investment.... disinvestment..... people converting their naira to dollars and leaving the country due to lack of confidence in the government's direction and ability to reverse the trend. Brother, even Nigerian salary earners and businessmen are converting their earnings to dollars to hedge against inflation/devaluation. The naira component of my earnings is down to 48%, just for operational expenses and if this trend of misgovernance continues I cannot see myself holding more than 15% in naira in my wallet by year's end. Oil prices were lower than this for most of OBJ's tenure and even lower during the Abdulsalami time when even our external reserves went down to 9 billion dollars I think. So it has little to do with oil comparatively. Any way how do you explain the marginal increase in our foreign reserves since late last hear with the declining dollar. Normally when your reserves increase your currency should stabilise but the naira is not because there is more cash outside CBN control than within its control and this cash reacts to the wider economy. OBJ and later Yaradua then Jonathan were able to raise additional dollars through FDI which peaked in 2014/15. All that is gone. In a nutshell, the government is talking but the people who matter (both foreigners and Nigerians) are not buying their policies and are voting with their wallets. The people are the reality of any country, just like the stock market or any market is the reality of any economy and they are saying loud and clear, 'we have no confidence in the ability of government to repair the economy'. I could remember a year and a half ago when International Financial institutions warned about the impending calamity and they were rudely rebuffed by hallucinating fans of 'change'. These are the peoples with the monies that kept us stable in unstable oil price regime but we abused them. Funny enough when we talk about diversifying the economy FDI is one area. Diversification does not absolutely mean manufacture this or that. It also means having a second stream of income just like doing a second job to make ends meet when your first job is unstable. You may be a doctor driving a cab or a lawyer running a supermarket. How you earn the income does not matter but earn it. What we were doing was abusing our foreign customers and we have lost out. 8 Likes 2 Shares |
Re: A Dollar Now N500 by Nobody: 11:46am On Jan 30, 2017 |
I don't get it ![]()
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Re: A Dollar Now N500 by STENON(f): 11:46am On Jan 30, 2017 |
We are getting there... |
Re: A Dollar Now N500 by robosky02(m): 11:53am On Jan 30, 2017 |
Bahddo: this government just achieved what no other government has done this independence ![]() |
Re: A Dollar Now N500 by Pamelayoung: 11:53am On Jan 30, 2017 |
flyca: Can you buy for me |
Re: A Dollar Now N500 by Nobody: 11:53am On Jan 30, 2017 |
2tek:Yes oooo 1 Like |
Re: A Dollar Now N500 by Nobody: 11:57am On Jan 30, 2017 |
the funniest thing some people buy dollar at lower rate and sell it at high price |
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