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Dollar Crashes To N368/$1 - Business (3) - Nairaland

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Naira Gains, Dollar Crashes At Parallel Market / Dollar Crashes Again At Parallel Market / Naira Crashes To N484 Against Dollar As More Bdcs Go Underground (2) (3) (4)

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Re: Dollar Crashes To N368/$1 by Spidermon: 11:50am On Jun 02, 2017
dacovajnr:
I need someone who is vast in Fx to make me understand why despite nearly $5 billion sustained intervention by the Central Bank of Nigeria (CBN) in the interbank market since February naira could only appreciate by 14NAIRA!!!!!!

Someone will come with economical jargon shortly.

My own opinion is simple...

Corruption.

1 Like

Re: Dollar Crashes To N368/$1 by Nobody: 11:51am On Jun 02, 2017
May the dollar continue to rise in Jesus name. AMEN .
Re: Dollar Crashes To N368/$1 by toastedbread: 12:01pm On Jun 02, 2017
it should nose dive very well o back to 200.
why does the dollar crash whenever presido goes out of town?
Re: Dollar Crashes To N368/$1 by joinnow: 12:04pm On Jun 02, 2017
dadavivo:
especially GTB, abeg who have idea about Zenith bank charge online
Check www.abokifx.com
Re: Dollar Crashes To N368/$1 by Nobody: 12:19pm On Jun 02, 2017
Kashbwoyjnr:
which bank please
Access bnk- 375
Gtb 375-390 or so
Uba africard(as I learnt) less than 350

I still use access bank yesterday, so am 100% sure if that for now
Re: Dollar Crashes To N368/$1 by davit: 12:34pm On Jun 02, 2017
babyvoice1990:


A friend of mine paid online with his gtb two days ago at 320/$ Hehe I need to make payment today and am scared.... Hope I won't be charged at 400/$

Which website.? Try ask the friend if the transaction was indeed done 2 days ago. GTB has been charging above 380 for more than 2 weeks
Re: Dollar Crashes To N368/$1 by adegeye38(m): 12:41pm On Jun 02, 2017
ileogbenfidel:
Dollar crash, dollar crash everything is still expensive in the market, abeg make una carry go
dats d fault of greedy nd corrupt nigerians
Re: Dollar Crashes To N368/$1 by DAVEZONIGLTD: 12:52pm On Jun 02, 2017
Nigeria shall be great again.
Re: Dollar Crashes To N368/$1 by LePrezident(m): 12:53pm On Jun 02, 2017
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Re: Dollar Crashes To N368/$1 by Ade3000yrs(m): 12:59pm On Jun 02, 2017
Saying the Government is clueless is like man talking to a house and like a soldier hitting his head on a barrack wall. What about your predecessor and the successors This Nigerian story of come 2019 or hope of a better government and better candidate to restore back $1 dollar to #1 naira will only continue to be a wishful and elusive dream.

The power is already in the hand of the people as the people are their own real problem as we lukewarmly and jokingly embrace Agriculture. 2019 is soldier go soldier come, If we Dont massively embrace agriculture by 75% of the population by 2019, believe me, even if the best Professor of Economics at Harvard, Yale, MIT and Oxford University becomes the Nigerian President by 2019, The dollar will surely climb to #750 dollar to the Naira, believe me and Mark my words, if PDP were to be in power, the country economy would have been far worse!

The solution to Nigeria is not the party whether PDP, APGA, APC but the solution is the will power for everyone to go back to farming be it on a part time of full time basis as it is in most developed nations as Such as Netherland 80% is into agriculture, Germany is 35% into Agriculture, France is 40% into Agriculture, Italy And Spain are 34% and 36% into Agriculture, Canada is 32% into Agriculture, USA is 52% of its population into Agriculture, Russia is 52% into Agriculture, China and Asian countries are 60% into Agriculture, Brazil is 40% of its population into Agriculture, Kenya is 20% into Agriculture, South Africa is 20% into Agriculture, Ghana is 22% into Agriculture, Cameroon is 23% into Agriculture, Benin is 25% into Agriculture, Ivory coast is 28% into Agriculture , While Nigeria is 3% into Agriculture. This is the reason for famine as it reflects in the average Nigerian Per Capital income and Purchasing Power Parity!!! Let's quit all the economic jargons and political and media grammar and go to farm. from the President to the governors to the last man on the street!

2 Likes

Re: Dollar Crashes To N368/$1 by MabraO: 1:02pm On Jun 02, 2017
It's just a pity the CBN governor can't even fix the dollar to naira at a particular amount just keeps going up nd down like u thrusting a V
Re: Dollar Crashes To N368/$1 by olujastro: 1:05pm On Jun 02, 2017
babyvoice1990:


A friend of mine paid online with his gtb two days ago at 320/$ Hehe I need to make payment today and am scared.... Hope I won't be charged at 400/$
No need to be scared, just go to abokifx.com for updated card rates of different banks so you know what to expect. Thank me later
Re: Dollar Crashes To N368/$1 by supereagle(m): 2:07pm On Jun 02, 2017
dadavivo:
Abeg why is GTB charging me N390 for paying for something online
I learned before that bar was placed on its use online, has the bar been lifted?
Re: Dollar Crashes To N368/$1 by Dollabiz: 3:08pm On Jun 02, 2017
Ok
Re: Dollar Crashes To N368/$1 by ayorhmeeday(m): 3:46pm On Jun 02, 2017
lols!!! 368 na crash??!! abegiii!!!!
dollar should crash like how sosoliso and dana airplanes crashed back then.
$368 to the naira is "safe landing" jare.
Re: Dollar Crashes To N368/$1 by amadiwati(m): 5:16pm On Jun 02, 2017
oshe11:
Does the Crash reflect on Garri?



If not, I'm not IMPRESSED

Price of high cost of garri is due to insecurity not dollar
Re: Dollar Crashes To N368/$1 by oshe11: 5:20pm On Jun 02, 2017
amadiwati:

Price of high cost of garri is due to insecurity not dollar
Go market first, U go hear if na Insecurity dem go tell U abi na Dollars
Re: Dollar Crashes To N368/$1 by michealade(m): 5:35pm On Jun 02, 2017
Please can I receive moneygram on saturday?
Re: Dollar Crashes To N368/$1 by charlsecy(m): 6:03pm On Jun 02, 2017
dacovajnr:
I need someone who is vast in Fx to make me understand why despite nearly $5 billion sustained intervention by the Central Bank of Nigeria (CBN) in the interbank market since February naira could only appreciate by 14NAIRA!!!!!!
Because the $5 billion is not up to what is required to bring the Dollar that down.
Re: Dollar Crashes To N368/$1 by Nobody: 7:05pm On Jun 02, 2017
priceaction:
but why are some banks that allow naira cards for dollar transactions still charging from 375 and above.? some even over 400naira with their useless $100 limit?

Which banks abeg?l could not use my First bank naira mastercard and also Diamond Bank na case l just dey vex seriously
Re: Dollar Crashes To N368/$1 by chngebeginwthme: 9:35pm On Jun 02, 2017
smartty68:
Hmmm! Please bring it back to where you met it clueless government

Maybe you hero can also try to bring crude oil back to where he met it... $80+
Re: Dollar Crashes To N368/$1 by chngebeginwthme: 9:36pm On Jun 02, 2017
veekid:
And someone will come and say Buhari ain't bad luck. He should juz keep on resting on that bed


What useless wailing zombie, Before Buhari return in March it was 450 and it crash below 400 about a week after his arrival..

Now am sure when he return it will crash below 350.. hahah wailing wailiers can continue wailing..
Re: Dollar Crashes To N368/$1 by chngebeginwthme: 9:38pm On Jun 02, 2017
GeneralOjukwu:
PMB didn't do well as per the forex rates

Too bad!


because we are not printing dollars and it's not our official currencly..
Re: Dollar Crashes To N368/$1 by chngebeginwthme: 9:43pm On Jun 02, 2017
Towncrier007:
Osibanjo is the man... make bubu die abeg, God answer my prayer

Make your father die abeg... God please answer my prayers inside this Ramadan..
Re: Dollar Crashes To N368/$1 by winnersmith: 10:53pm On Jun 02, 2017
Why is Doller always crashing when ever Buhari travels? Baba, abeg just stay there permanently
Re: Dollar Crashes To N368/$1 by amadiwati(m): 11:00pm On Jun 02, 2017
oshe11:


Go market first, U go hear if na Insecurity dem go tell U abi na Dollars

I no doubt. Its ignorabce on the part of people
Re: Dollar Crashes To N368/$1 by Nobody: 6:46am On Jun 03, 2017
dannio:


Which banks abeg?l could not use my First bank naira mastercard and also Diamond Bank na case l just dey vex seriously
Gtb ,access bnk- 375
Uba africad less than 325, but only work for few minutes after mid night and fastest fingers because it has general limit a located for it daily.
Re: Dollar Crashes To N368/$1 by GeneralOjukwu: 7:34am On Jun 03, 2017
chngebeginwthme:



because we are not printing dollars and it's not our official currencly..

Learn to READ and THINK before commenting.

Is FOREX dollars only? According to your limited perspective?

Let me break it down the way I would, to a primary school child.

Foreign exchange rate = an index to measure the health of the economy.

Has he done well in that regard?

PS- i support PMB by the way. But I still don't reason and type like an illiterate. It's not by force to comment when one has nothing sensible to say. Have a nice day.

2 Likes

Re: Dollar Crashes To N368/$1 by isaac70(m): 11:47am On Jun 03, 2017
Na wa o access bank si de change #375 /$ or is not concern dem I not Nigeria Bank again ?
Re: Dollar Crashes To N368/$1 by chngebeginwthme: 6:34pm On Jun 03, 2017
GeneralOjukwu:


Learn to READ and THINK before commenting.

Is FOREX dollars only? According to your limited perspective?

Let me break it down the way I would, to a primary school child.

Foreign exchange rate = an index to measure the health of the economy.

Has he done well in that regard?

PS- i support PMB by the way. But I still don't reason and type like an illiterate. It's not by force to comment when one has nothing sensible to say. Have a nice day.

LOL you need to go to the camp of zombie and explain that to them, What was used to measure Forex? biafra pounds?
Re: Dollar Crashes To N368/$1 by eedreez505: 12:47am On Mar 20, 2018
Jiang:


Nigerian sef, is his question that confusing to you, He said how much, not where should he check to find out. Can't you just tell him, then put ur blog address below
Sorry man. I own no blog btw.

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