Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous (2853 Views)
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| Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by exlinkleads(f): 3:21am On Nov 24, 2015 |
The Naira on Monday fell freely at the parallel market, as scarcity of dollars paralysed activities. It lost N3 to exchange at N241 to the dollar on Monday afternoon, after it traded for N238 to the dollar on Friday. The official inter-bank rate remained at N197 to the dollar. Traders at the market said that the scarcity of dollars had crippled activities at the market. They said the situation was worrisome and urged the apex bank to ensure that more dollars were sold to meet the increasing demand of the currency. Also speaking, an operator of Bureau de Change (BDC), Harrison Owoh, noted that the CBN sold forex to BDCs only once last week. - See more at: http://www.exlinklodge.com/2015/11/naira-in-free-fall-as-dollars-scarcity.html#sthash.sPZt0PiD.dpuf cc lalasticlala
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| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by kasysleek(m): 3:24am On Nov 24, 2015 |
Na wa o |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by chocolateme(f): 3:27am On Nov 24, 2015 |
That is the wind of CHANGE still blowing everywhere 11 Likes |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by LilSmith55(m): 3:33am On Nov 24, 2015 |
End Time Falling Dollar (ETFD)$$$$ 3 Likes |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by mikolo80: 3:52am On Nov 24, 2015 |
exlinkleads:bank or black market 1 Like |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by Nobody: 4:40am On Nov 24, 2015 |
Wao good news for people like me. More naira in d account. 1 Like |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by opiaoku: 4:47am On Nov 24, 2015 |
seawoman:more valueless naira in the account 8 Likes |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by Habakus: 4:56am On Nov 24, 2015 |
Buhari has failed in all his promises made to Nigerians. I call on him now to resign honorably before he further plunges this country irredeemably. 11 Likes |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by Nobody: 4:59am On Nov 24, 2015 |
You never see anything 2 Likes |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by IAMTHEHERO: 5:03am On Nov 24, 2015 |
Zombies, please help us tell the op that it is not OUTRAGEOUS!! Zombies, Nigeria greatest enemies!!! 1 Like |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by obiak4(m): 5:03am On Nov 24, 2015 |
It still gonna fall more when sai baba borrow again from world ank and imf change indeed |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by Nobody: 5:04am On Nov 24, 2015 |
opiaoku: Well maybe for you it is but as for me I know when to spend the naira so I can appreciate it. It will not be of the same value as of now in the next four months. 3 Likes |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by Nobody: 5:19am On Nov 24, 2015 |
Coming back to you by email |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by Nobody: 5:19am On Nov 24, 2015 |
OK. Imagine those their salaries is 18k..it means your salary is $74 dollars a month? A bottle of water cost $1.2 in the USA, debonair pizza costs $21 and the cheapest transport cost 10dollars (train). Lol..their nigerian monthly salary is an american's daily spending money..  now they'll reduce the minimum wage. Just imagine 10 Likes |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by Nobody: 5:24am On Nov 24, 2015 |
seawoman:this is no time to make jokes. We have a serious problem at hand? What nonsense do you mean by "when to spend"? We're talking of daily expenditure not spending the money a boy gave you on makeup and hair extensions bought from ebay. FYI: December is next week, prices of commodities tend to increase in such periods. With fuel selling @ #200 imagine the price hike on commodities, even on your precious hair extensions |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by abouzaid: 5:31am On Nov 24, 2015 |
don't expect this thread to make it to the front-page but if it's tonto dike shows cleavage, it would hit front-page from the original post. 3 Likes |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by abouzaid: 5:35am On Nov 24, 2015 |
liberty300:she's right, those living abroad can get more naira for their dollars by changing it now before and spending it immediately before the high dollar price becomes high goods prices in the markets. in times of inflation, traders, debtors and diaspora people gain, it's basic economics. 2 Likes |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by Nobody: 5:38am On Nov 24, 2015 |
liberty300:commodities tend to increase in such periods. With fuel selling @ #200 imagine the price hike on commodities, even on your precious hair extensions [/quote] Omo see me see this dude o! can't you reason properly? Must you insult? Besides you don't even have idea d location I am not to spend naira? Which makes u unable to think that most ladies work for their money. If you are paid in dollars by your company you won't be reasoning this way. Abi you think say abi you wey dey go carry dollar for hand for i to change? 1 Like |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by Yujin(m): 5:39am On Nov 24, 2015 |
liberty300:Lol. This is happening in the so called giant of Africa. They fail to see that most of them are just slaves eating crumbs like rejected dogs. Where in any progressive country is $80 the basic salary of her government workers? Tufia! I'll rather fight to get a better deal for my offsprings as this Nigeria can never give them anything to be proud of. 5 Likes |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by palladin: 5:49am On Nov 24, 2015 |
Oh boy. |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by truelover56: 6:00am On Nov 24, 2015 |
December is next week
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| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by tolustx(m): 6:06am On Nov 24, 2015 |
241  Omo, no more online shopping be dat o. Till further notice. |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by 989900: 6:18am On Nov 24, 2015 |
Baba how far na? A good number of Nigerians voted for you because the Naira was in free-fall under 'oga Jona', because you claimed to know how to arrest the fall and make it rise again. Regardless of the determinant parameters, it was Jona's fault -- so it is your fault too. #zerotoleranceforexcuses 1 Like |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by Blackfire(m): 6:26am On Nov 24, 2015 |
Is finally here. . . . Uwa mmebi.... Opin aye. |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by modath(f): 6:44am On Nov 24, 2015 |
Crude oil price has no choice but to rise for this quagmire to unravel .. 47$ per barrel in a mono economy with this kind of population is nothing but a recipe for disaster!! There is serious USD scarcity cos CBN has refused to sell more than once a week to BDCs, though card transaction still 220 but the 1k limit can't help in anyway!!! Something just must happen !! Caveat------ I expect some crazies to spam my mentions as usual but ask yourself one question 1st --- what kind of long term investment + improvement in infrastructures did the country make in the 2010-2014 yrs that crude oil sold for 120+ a barrel!!  2 Likes 2 Shares |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by permsec: 6:45am On Nov 24, 2015 |
The effect of having a primary school teacher as a minister for Finance. Just like giving a 5yrs old kid keys to a jet. I wonder how this festive season will look like. #nofuelnolight cc passingshot donphilious madridguy Beremx And other Sai Baba patriots. I wonder you guys are in ghost mode like Noob Saibot. 3 Likes 1 Share |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by captainflash(m): 6:47am On Nov 24, 2015 |
Habakus:I believed u to be one of them team Biafra, always hating....smh |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by Acidosis(m): 6:51am On Nov 24, 2015 |
Where is Adeosun, the grammatical economist? At least Iweala is always bold enough to explain herself. What is happening in Nigeria? 3 Likes |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by tos4u(m): 6:51am On Nov 24, 2015 |
We don enta ONE CHANCE na only God fit sav us 1 Like |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by madridguy(m): 6:57am On Nov 24, 2015 |
Why hating ? When the media talk about the positive response we're getting from TSA you people will be shouting GEJ our hero but now that PMB and his new team are trying to work things out you are here wailing. GEJ bastardize every sector before leaving for Otuoke and with time PMB will get it fixed. I can help you to Cotonou and when PMB his done I will call you back. I repeat, PMB one year will be far better than 16 wasted years under PDP. permsec: |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by SeverusSnape(m): 7:00am On Nov 24, 2015 |
modath: Oya blame Jonathan... 2 Likes 1 Share |
| Re: Naira Fall Against Dollars: Sold At N241 Per Dollar - This Is Outrageous by CharleyCharley: 7:02am On Nov 24, 2015 |
Habakus: Nope. He's doing just fine. He's right on track. His actions would see this country burn. & from the flames (like a phoenix), Biafra will rise 1 Like |
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