Stats: 3,192,158 members, 7,946,913 topics. Date: Thursday, 12 September 2024 at 09:20 AM |
Nairaland Forum / Nairaland / General / Business / Naira Crashes To 516 As Dollar Scarcity Widens (12006 Views)
Dollar Scarcity Stops Capital Repatriation By Investors / Dollar Sells For N420, Naira Crashes In Value / Naira Falls As Dollar Scarcity Worsens (2) (3) (4)
Re: Naira Crashes To 516 As Dollar Scarcity Widens by Nobody: 8:07am On Feb 17, 2017 |
Long live Buhari I don hammer mehn |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by Nobody: 8:11am On Feb 17, 2017 |
ednut1:Na under did man $1 na N216 , dem loot yet we fit chop 3 times a day, dem loot yet things cheap for market . 5 Likes |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by Abelattah(m): 8:13am On Feb 17, 2017 |
we need prayer 2 Likes |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by Immacula8(m): 8:15am On Feb 17, 2017 |
vivaciousvivi: You seem to be contradicting yourself. First paragraph, you nailed APC. Second paragraph, you crucified Nigerians for depending on foreign imports. I honestly believe that government should concentrate in building necessary infrastructures needed to stimulate the economy rather than trying to save the dying naira. For the records; I do not support APC nor PDP nor UPN nor NPN Accept my sincere apology if my response is out of line! 3 Likes |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by ivandragon: 8:19am On Feb 17, 2017 |
gbegemaster: the rationale behind their savings is not premised on any sound economic plan. its simply a political gimmick towards achievement propaganda to 'celebrate' 2 years in power in the short term & campaign for 2019 elections in the long run. 2 Likes |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by israelmao(m): 8:20am On Feb 17, 2017 |
Foreign reserve is improving yet the dollar scarcity persists.They said wrong policies of the last administration led to this but the value of dollar then was far less than what we have now.More gambles and lies are being played on the economic indices now than ever before yet they celebrate failure everyday. |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by israelmao(m): 8:22am On Feb 17, 2017 |
Foreign reserve is improving yet the dollar scarcity persists.They said wrong policies of the last administration led to this but the value of dollar then was far less than what we have now.More gambles and lies are being played on the economic indices now than ever before yet they celebrate failure everyday.Dollar could hit N600 the way it's going. |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by assana: 8:23am On Feb 17, 2017 |
![]() ![]() 1 Like |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by Yyeske(m): 8:24am On Feb 17, 2017 |
Don't get it, foreign reserve is rising, oil price is rising and our oil production is equally rising yet the naira is dropping so fast. Something is fishy here 4 Likes |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by ephi123(f): 8:33am On Feb 17, 2017 |
ivandragon: Really very ironic. He's been lounging in London for what will be a month on Sunday Feb 19. |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by KunmiHuston(m): 8:35am On Feb 17, 2017 |
1000 naira to a dollar loading |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by emmasege: 8:40am On Feb 17, 2017 |
maximunimpact:Good observation but do you know what the minimum wage is in those countries & the measures they put in place to stabilize further devaluation? In our own case, even if the minimum wage is increased tomorrow, I don't see an end to further devaluation until Buhari puts on his thinking cap and look for real people who can help him out. Recently I was to apply for a position in Japan and I realised that their currency is far 'worse' than ours in relation to dollars, but when I converted the remuneration to dollars, it's more than ten times of what I currently earn in Nigeria for the same profession and position. And I think that goes to say that it's not the conversion factor of a local currency to dollar that's most important, but the minimum wage of workers and greatly reduced importation rate among the citizens. Don't let's forget that Japan & South Korea are producing nations. 1 Like |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by gbegemaster(m): 8:40am On Feb 17, 2017 |
ivandragon:Gbam! |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by Akinman: 8:47am On Feb 17, 2017 |
Yet some people still dey parade #istandwithbuhari...dat is why itz not every death occurence one should pity 1 Like |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by dallyemmy: 8:51am On Feb 17, 2017 |
Who are the people dictating the price of naira to a dollar? What can we do to stop this downward trend? What are the indices used by the forex speculators? Can we manage the forex like petroleum products during scarcity? Why is it that the exchange rate do not come down even when CBN supplies more? Why is it not illegal to benchmark the naira arbitrarily without a universally accepted basis? Is it not illegal to sell forex on our streets like in the case of petroleum products? Is it possible for the CBN to allow a prorated forex available to citizenry based on the revenue generated? is it possible to provide substitute/alternative of commodities we purchase with forex locally? How can our government check the fear which seems to drive our currency downward? Nigerians what can we do to salvage our beloved currency? What do you think we should do? 1 Like |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by no1madman(m): 8:55am On Feb 17, 2017 |
assana:U not us. .take action! Kill d politicians |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by no1madman(m): 8:55am On Feb 17, 2017 |
Abelattah:U not we! Take action! Bomb d politicians |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by no1madman(m): 8:57am On Feb 17, 2017 |
TsaTrinity:It's not well. .do sth. about it! |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by EMIOMOADEOYE: 9:11am On Feb 17, 2017 |
In Nigeria the law of gravity is crap |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by najighjighpaul: 9:17am On Feb 17, 2017 |
kai just imagine the way dollar the fly and every day they keep telling us it will be better........ |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by Nobody: 9:34am On Feb 17, 2017 |
no1madman:Any suggestions? |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by poiZon: 9:41am On Feb 17, 2017 |
ednut1:u no sabi road to kaduna, abi d road spoil? |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by vivaciousvivi(f): 10:03am On Feb 17, 2017 |
Immacula8:If you read my comments well you would notice that in one part I was responding to the topic while in the other part,i was directly responding to a question posed from someone else. There was no "crucifixion" I can read of in the 2nd comment either. Cheers |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by solidman59(m): 12:04pm On Feb 17, 2017 |
We are patiently waiting for when it will get to 1000naira per dollar |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by egobetatoday: 12:45pm On Feb 17, 2017 |
ednut1: this only shows that the stealing going on NOW is unprecedented. MEGA stealing ...Check Abuja now. |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by Nobody: 1:00pm On Feb 17, 2017 |
NIGERIA IS ON HER WAY INTO RIVER NIJA..... THE CITIZENS DON'T EVEN HAVE A CLUE WHATS COMING |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by Babacele: 1:33pm On Feb 17, 2017 |
vivaciousvivi:and that is why PMB is encouraging local production and less import dependence. Despite APC failings at making the economy look the way we expected, this transition ,I'm cocky sure, is far far better than it would have been under the last administration that left us with no alternative than APC , and many of us would vote PMB again over GEJ even with the present realities. For example the last minute dubious import waiver Gej gave rice importers destroyed any gain that would have accrued to rice farmers compared to rice farmer millionaires PMB has produced within 2 years. of course we need to review the present monetary policy and I think APC is slow though willing. my opinion though. 1 Like |
Re: Naira Crashes To 516 As Dollar Scarcity Widens by ifdaeg(m): 3:49pm On Feb 17, 2017 |
Dollar no send naira again. Currency racing is real.
|
Re: Naira Crashes To 516 As Dollar Scarcity Widens by soderican(m): 7:40pm On Feb 17, 2017 |
Choooiiiiiii |
How/where To Buy Things Cheap In Lagos / Stripe Payment Gateway Integration Shopify Store For Nigerians / Teach me how to make profit with football bet.plz
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 39 |