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Nairaland Forum / Nairaland / General / Business / Dollar Has Fallen To 250 (6898 Views)
Price Of Dollar Has Fallen To.... / Diesel Price Has Fallen By 42%, Says NNPC / O Boy,dollar Has Crashed! (2) (3) (4)
Re: Dollar Has Fallen To 250 by TunjiMsp: 3:36pm On Feb 24, 2016 |
This is what we can achieve with little patience. Those arm twisting the govt have failed. Let's stick with a less corrupt government and make Nigeria great again 2 Likes |
Re: Dollar Has Fallen To 250 by talktrue1(m): 3:45pm On Feb 24, 2016 |
One Mallam was telling me its 220 this evening |
Re: Dollar Has Fallen To 250 by saints2(f): 3:45pm On Feb 24, 2016 |
It sells for 240 at Eko Hotel this afternoon... #Confirmed |
Re: Dollar Has Fallen To 250 by IkennaBasilJR(m): 3:53pm On Feb 24, 2016 |
NDI IGBO KWENU!!!! KWENU!!!!!! KWEZUENU!!!!!!!! IFEANYI UBAH HAS DONE IT... SEKEM 2 Likes 1 Share |
Re: Dollar Has Fallen To 250 by Nichobabe(m): 3:59pm On Feb 24, 2016 |
Many Thanks to Dr Mba and Rabiu for exposing the evil of some few |
Re: Dollar Has Fallen To 250 by IVORY2009(m): 4:00pm On Feb 24, 2016 |
Ubah, Buhari should appoint him... |
Re: Dollar Has Fallen To 250 by nikkyshyne(f): 4:04pm On Feb 24, 2016 |
Exchanged at 250naira this morning too. But my boss just changed his at a rate of 290. |
Re: Dollar Has Fallen To 250 by aloeman15(m): 4:06pm On Feb 24, 2016 |
wetin dey do una for dis country? Yesterday 3 shipping lines that normally berth several container ship each in lagos- they all stopped shipping to us! This is the major cause and you guys are rejoicing?! Shey when nigeria's current stock of essential commodities have run out is when we'll understand- IMPORTERS CAN'T BRING GOODS IN BECAUSE THERE ARE FEWER SHIPS COMING TO NIGERIA- SO LESS FOREX DEMAND. Now, our troubles begin... |
Re: Dollar Has Fallen To 250 by ProudOlodo: 4:34pm On Feb 24, 2016 |
klexycole:Honestly, the news has both good and eerie feeling to it 1 Like |
Re: Dollar Has Fallen To 250 by britiko: 4:41pm On Feb 24, 2016 |
it will definitely crash. God will alleviate the pains of the masses monopoly is bad for an economy. God bless Ubah for voicing out. more surprises will spring up, sit back relax and watch! |
Re: Dollar Has Fallen To 250 by slap1(m): 4:55pm On Feb 24, 2016 |
Wow! People will still lose money. Thank God Buhari didn't bend to their whim and devalue the naira. 1 Like |
Re: Dollar Has Fallen To 250 by klexycole(m): 4:59pm On Feb 24, 2016 |
ProudOlodo:Its Too Early To Celebrate,I Pray It Turn Out Well. |
Re: Dollar Has Fallen To 250 by ProudOlodo: 5:10pm On Feb 24, 2016 |
klexycole:Yea |
Re: Dollar Has Fallen To 250 by slap1(m): 5:11pm On Feb 24, 2016 |
Nichobabe: Like someone said, the black man is wicked. |
Re: Dollar Has Fallen To 250 by chacoonder(m): 5:45pm On Feb 24, 2016 |
I believe there is a sort of conspiracy theory at work here... but no shaking, the change train must move on. |
Re: Dollar Has Fallen To 250 by stevecantrell: 6:06pm On Feb 24, 2016 |
chinchum: Exactly, retailers can't increase prices, ad infinitum just to make a profit. I'm glad the madness is over..I think. |
Re: Dollar Has Fallen To 250 by CharleyCharley: 6:16pm On Feb 24, 2016 |
Watching closely... |
Re: Dollar Has Fallen To 250 by islandmoon: 7:13pm On Feb 24, 2016 |
the importers were no longer going for dollars because they will never be able to break even if they import goods at that rate, the local buyers will not buy, okay now, IMF is now pressurizing Nigeria to devalue her Naira because Nigeria is a very big market , over 170millions people who imports nearly everything, even tooth pick, now they are experiencing low sales, never under estate the power of 170millions buyers |
Re: Dollar Has Fallen To 250 by greenhope(m): 7:20pm On Feb 24, 2016 |
asha80: Ask Ifeanyi Uba and am not surprise that up to now nobody has credited him for that. |
Re: Dollar Has Fallen To 250 by Bevista: 7:21pm On Feb 24, 2016 |
koboko69:Yes, Demand could be REAL or SPECULATIVE, but as long as it exceeds Supply, Price will go up. Speculative demand or not, there are real and legitimate demand out there that the CBN cannot fill (e.g. the 41 de-listed items), and these demand will continue to put pressure on the parallel market - pushing price away from the official rate. --- We do not know the factors responsible for the sudden appreciation of the Naira but I can bet that it won't be sustainable. The economic fundamentals have not changed, and price will find its true value soon (N250 - N300 in my opinion). What ever magic Ifeanyi Ubah would have done would have had a similar cosmetic effect and then rate will quickly revert back to its fair value. But he is a smart guy - he requested for only a 30 day mandate. --- @AngryNigerian, @irynterri |
Re: Dollar Has Fallen To 250 by iykedare(m): 8:15pm On Feb 24, 2016 |
amokeme: Really? Where can I get dollars at such rate? |
Re: Dollar Has Fallen To 250 by IkennaBasilJR(m): 8:44pm On Feb 24, 2016 |
Bevista:bros shey na ECONOMICS you study for school? |
Re: Dollar Has Fallen To 250 by ibisko04: 9:04pm On Feb 24, 2016 |
I have never worry about the naira fallen as low as this artificial level we witnessed recently. However, we must all learn from the mess we knowingly created for our country. Greediness of Nigerians rich elites was the main reason our currency falls so low against the United states dollars But thank God our president refused to fell for their tricks. I have always know that our stolen wealth is what the few prodigal children of Nigeria are using to pauperize the majority of the good citizens . We will witness the betterment of Nigeria soonest. |
Re: Dollar Has Fallen To 250 by drnairalov: 9:48pm On Feb 24, 2016 |
choi kinda sad nd happy about it 1 Like |
Re: Dollar Has Fallen To 250 by CharleyCharley: 12:22am On May 26, 2016 |
Buhari is a mess |
Re: Dollar Has Fallen To 250 by CharleyCharley: 3:03pm On Oct 03, 2016 |
Eh? |
Re: Dollar Has Fallen To 250 by Freelancer007(m): 3:42pm On Oct 03, 2016 |
Lols... But dollar to naira is still very high. $1 = N475 at the black market |
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