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Naira Further Crashes To N245 Per Dollar As Reserves Rise - Politics (2) - Nairaland

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Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End / External Reserves Rise Further, Now $25.4bn / Nigeria’s Foreign Reserves Rise To $31.5 Billion (2) (3) (4)

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Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by ogene70: 7:13am On Jul 15, 2015
Please people where can I learn exportation business? ...very urgent.

1 Like

Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by mkpakanaodogwu(m): 7:14am On Jul 15, 2015
Egwu di
Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by Estimable(m): 7:14am On Jul 15, 2015
baba i naira to a dollar where are u..........Baba go slow

4 Likes

Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by emmalexabl(m): 7:14am On Jul 15, 2015
NOW I BELIEVE.....






WE'VE TRUELY ENTERED ONE CHANCE...

2 Likes

Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by ojemglo(m): 7:15am On Jul 15, 2015
G-GUYS IN THE HOUSE SHOUT YEEEEEEEEEEEEEEEE grin

2 Likes

Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by Nobody: 7:15am On Jul 15, 2015
DaBullIT:
Chai , why did i not learn yahoo ? grin grin grin
Even if you learn Yahoo how will that help you? Increase in the dollar against the naira means increase in cost of petroleum products, increase in cost of imported raw materials industries, cost of imported goods increase etc and will affect cost of goods and services in the market. If at N200 per $ the cost of tomato was N25, the same tomato will increase in cost to N30-N35 as a result of the increased dollar against the naira. In fact, the quantity of the tomato will most times be reduced alongside increase in price. Oboy e no favor anybody

3 Likes

Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by wethebest(m): 7:17am On Jul 15, 2015
hehehe, all d yahoo boys in d house, smile nd pray for more blessings. yeeeeeeeeeeyyyyyyyyyyyyyyyy.
Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by akudinaobi(m): 7:17am On Jul 15, 2015
The economic forcast for 2015 is doom ,analyst predicted tough time but gave options on how to tackle it
The past finance minister is a guru on it,she has done it befor under obj , therby managing the cbn exceses and also curbing the naira problem
The rising has not yet started
Naira will still sell for 300 if the clueless rulers not leaders won't take and heeed to advice and revise their strict policy on the ban items just to save their heads and the country

Just tell them that I was here

2 Likes

Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by shawwal1(m): 7:18am On Jul 15, 2015
ShowYourCertificate:
I wonder what Buhari scored in Economics in his WASC.

Your father can present his certificate so that we can see how he performed in Economics too

2 Likes

Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by Nobody: 7:19am On Jul 15, 2015
Its still amazing how Nigerian elites both PhD, msc, degree, prof etc voted for someone who failed economics n maths..
We are simply our problem, lets bear it

3 Likes

Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by Afrocatalyst: 7:21am On Jul 15, 2015
Let's say enough is enough to consumption mentality in this country and yes to productive mentality.
Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by SUBMARINE: 7:21am On Jul 15, 2015
When we told the sophisticated slaves in the south that Buhari and APC economic ideal is unrealistic, they called us Jonathanians. undecided


I think the educated illiterates can now see for themselves that a typical mallam lacks basic economic knowledge to manage a modern economy.



WHERE ARE THOSE SHOUTING SAI BABA grin








NIGERIANS SAY AFTER ME

PRAY NOT TO BE AS CONFUSED AS BUHARI
grin

PRAY NOT TO BE AS CONFUSED AS BUHARI
grin

PRAY NOT TO BE AS CONFUSED AS BUHARI
grin

10 Likes 1 Share

Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by Nobody: 7:22am On Jul 15, 2015
Dr. Emefiele is not working, PMB should sack this man before Dollars enter #300 to $1
Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by furetin20: 7:23am On Jul 15, 2015
This is disastrous.
Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by SUBMARINE: 7:25am On Jul 15, 2015
barcanista:
Even if you learn Yahoo how will that help you? Increase in the dollar means increase in cost of petroleum products, imported raw materials for some industries, cost of imported goods etc and will affect cost of goods and services in the market. If at N200 per $ the cost of tomato was N25, the same tomato will increase in cost to N30-N35 as a result of the increased dollar. In fact, the quantity of the tomato will most times be reduced alongside increase in price. Oboy e nÓ favor anybody


Those who shouted sai baba are quiet now



Change indeed.

1 Like

Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by Realdeals(m): 7:25am On Jul 15, 2015
See the list of products ban by the government.
More recently, the CBN issued a circular which excluded importers of 41 selected goods and services from accessing foreign exchange at the Nigerian foreign exchange markets. They include: rice, cement, margarine, palm kernel/ palm oil products/ vegetable oils, meat and processed meat products, poultry – chicken, eggs, turkey, private airlines/ jets, furniture, toothpicks, textiles, woven fabrics, clothes, plastic and rubber products, soap and cosmetics, tomatoes/ tomatoes paste and euro bond/ foreign currency bond/ share purchases, amongst others.

This is a good policy, rather than banning or increasing import tariff on those product, these are product we can produce locally, I reallt hope it works.
It will enable our local industries that produce these goods to thrive. The government should then intervene by pumping the saved fund into the local industries that produce those goods and services to expand their production.

1 Like

Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by Soreza(m): 7:25am On Jul 15, 2015
NAIJA WANT CHANGE NA,NA THE CHANGE THEM DAY SEE
Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by Wisdomkosi(m): 7:25am On Jul 15, 2015
The general is working. Apc una see waiting una cause abi?

1 Like

Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by Lucasbalo(m): 7:26am On Jul 15, 2015
Tallesty1:
To buy online these days dey fear me like tomorrow no dey
Don't worry, I'll cover for you.
Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by 9jatatafo(m): 7:26am On Jul 15, 2015
Naira is loosing value and NSE is making investors to loose. What is our sole administrator doing? The man from Duara!!!!

1 Like

Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by socialmediaman: 7:27am On Jul 15, 2015
ShowYourCertificate:
I wonder what Buhari scored in Economics in his WASC.

Buhari or CBN governor? If he sacks, you'll start shouting marginalization
Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by Nobody: 7:28am On Jul 15, 2015
jimi4us:
so buhari is happy about all this .

why not especially if the external reserves is rising
Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by dallyemmy: 7:29am On Jul 15, 2015
It is better to tax those goods that CBN denied access to the dollar at official rate. Just increase the tax on such goods at the point of entry. Definitely, the consumers of such commodities will look for alternative when the prices increase. Tax should serve deterrent instead!
Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by Lucasbalo(m): 7:29am On Jul 15, 2015
Mercie97:
Nigeria's economy is really on d downlow
It's not down low, this is free fall. Hopefully, things will correct itself. Naira don't have to become Zimbabwe dollar.
Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by Reference(m): 7:30am On Jul 15, 2015
barcanista:
What benefit when the price of goods and services shoots up by 50-100%? You may feel that you have the extra cash but there isn't any significant difference when you put into consideration the buying power of your cash. It affects everyone negatively irrespective of how you look at it.

Not absolutely so. There will still be that gap because there is no such thing as an absolutely import dependent economy. We have several factors and assets of production domiciled here, and anyway inflation is not instantaneous, more like creep.
Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by jimi4us: 7:34am On Jul 15, 2015
toyetade:


why not especially if the external reserves is rising
and you believe its rising? hahaha
Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by myadmissionhelp(m): 7:35am On Jul 15, 2015
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Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by Reference(m): 7:41am On Jul 15, 2015
ogene70:
Please people where can I learn exportation business? ...very urgent.

Hahaha. That's the spirit. And its time for you noisy 'diasporians' to put your money where your loud mouths are. What more can you ask for, new and 'competent' government, weak naira making your peanuts attractive to the investment gorillas here in naija. So lets see the hospitals, housing, industries and the other stuff you guys endlessly moan about.

1 Like

Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by BekeeBuAgbara: 7:42am On Jul 15, 2015
During the certificate saga Fashola and other APC supporters were telling Nigerians that one does not need a certificate to lead well (as if going to school is a waste of time and money), this is the result.

1 Like

Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by socialmediaman: 7:42am On Jul 15, 2015
barcanista:
Even if you learn Yahoo how will that help you? Increase in the dollar means increase in cost of petroleum products, imported raw materials for some industries, cost of imported goods etc and will affect cost of goods and services in the market. If at N200 per $ the cost of tomato was N25, the same tomato will increase in cost to N30-N35 as a result of the increased dollar. In fact, the quantity of the tomato will most times be reduced alongside increase in price. Oboy e nÓ favor anybody

Oil price and dollar have had a consistent alternate historical relationship, while dollar rises, oil price falls because there is an indication of less demand on oil. I think the value of our currency has a close relationship with the price of oil, coupled to our lack of infrastructure development and corruption within the past governments, plus there has been consistent buy of dollar by corrupt politicians who now keep their money in private vaults rather than banks to avoid prosecution.
Re: Naira Further Crashes To N245 Per Dollar As Reserves Rise by Alexander001(m): 7:44am On Jul 15, 2015
what happened in 1985 is also happening again?

1 Like

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