Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,978 members, 7,817,883 topics. Date: Saturday, 04 May 2024 at 10:01 PM

Naira Falls To N350/$ As Investors Await Flexible Forex Policy - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Falls To N350/$ As Investors Await Flexible Forex Policy (13907 Views)

Unbelievable!!! Naira Falls To N485/$1, N600/£1 / Naira Falls Against US Dollar / Naira Falls To N370 Per Dollar (2) (3) (4)

(1) (2) (Reply) (Go Down)

Re: Naira Falls To N350/$ As Investors Await Flexible Forex Policy by Raziii(m): 2:00pm On May 27, 2016
when people were asking this govt for its economic blueprint, some people took it as a job to insult and label them pro GEJ supporters. Now they hear 'economic recession', they are trembling. truth is the country is already in a recession. countries that are developed right now didn't get there because they had a righteous leader...NO! they did because the leaders know there is no room for failure. the citizens are very demanding. whether I voted you in or not, whether you met the country in shambles or otherwise, whether you are my kinsman or my enemy, even if I know nil about economic theory, whether I am literate or an illiterate, I have a right to demand the very best and if I am not seeing the result, I have the right to question and criticise you. that's how countries develop. but here, some people will question your education, your tribe, they are so smart, they instantly know who you voted for. and you will think we must have learned something, wait when a new man mounts the top seat, you will find same sequence repeating itself again. Sad!

2 Likes

Re: Naira Falls To N350/$ As Investors Await Flexible Forex Policy by berrystunn(m): 2:00pm On May 27, 2016
ihatebuhari:
I hate u so much buhari

Are you APC?
Re: Naira Falls To N350/$ As Investors Await Flexible Forex Policy by emmanuelbrown26: 2:08pm On May 27, 2016
Dis is good time for business, i swear to God, abeg who can show me where to borrow money i will submit my whole school documents wit my international passport as collateral
Re: Naira Falls To N350/$ As Investors Await Flexible Forex Policy by emmanuelbrown26: 2:10pm On May 27, 2016
Quakertellicus1:
Of course.....everyone will blame Buhari, Jonathan, the IMF, the Chinese, the Illuminati, the Islamists, the Zionists, the Nazis, the Communists, the Socialists, the dog lovers club, the Rugby players fan club, the cows on the street, the egg in their plate, the sugar in their garri, their ancestors, true federalism, true regionalism, etc.........and avoid the real reason......oil resource dependency

And no....true federalism won't solve it.....especially as it does not answer the corruption question, and it only at best creates regions dependent on the sale of raw materials whose prices they do not control......and yes.....agriculture does not bring in much cash....and mining is just like oil.

The problem with Nigerians is that we think that Government exists to put cash in our pockets every month. That is why we blow up pipelines, fight each other in the name of religion, and complain about how many Hausas there are in government (And for those complaining about Muslims in govt....back in 1989....there were far more Muslims in govt than there are now. Nigeria did not become an Islamic country)...because we want to eat money at the end of the month. And I bet you when this country splits....we willbe fighitng each other for the resources. Anyone who does not think that is going to happen is blind.(Sorry.....but facts is facts).

Nigeria needs to forget about oil, forget about making a living from selling raw materials and sharing the money to go and import everything....including things we can make here in this country....and should START on the road to becoming a manufactruing country. Because...that is the only way we can truly control the strength of our currency.....not these stop gap measures CBN is doing now. Are we going to make the sacrifices needed to become that kind of a country.....or are we going to keep on fighting each other for oil money which we have no control over anyway....including the so called owners.

Oil, agric,etc will never save us. Time we woke up. Powerful countries....are countries that rely on innovation and heavy industry. We better wake up to that fact....whether as one Nigeria....or as split up.
Oga boss pls are u a lecturer bcs i will appreciate u tutor me more. I really really cherish ur comment, plss hope u dont mind tutoring me
Re: Naira Falls To N350/$ As Investors Await Flexible Forex Policy by ken4jj(m): 2:12pm On May 27, 2016
Quakertellicus1:
Of course.....everyone will blame Buhari, Jonathan, the IMF, the Chinese, the Illuminati, the Islamists, the Zionists, the Nazis, the Communists, the Socialists, the dog lovers club, the Rugby players fan club, the cows on the street, the egg in their plate, the sugar in their garri, their ancestors, true federalism, true regionalism, etc.........and avoid the real reason......oil resource dependency

And no....true federalism won't solve it.....especially as it does not answer the corruption question, and it only at best creates regions dependent on the sale of raw materials whose prices they do not control......and yes.....agriculture does not bring in much cash....and mining is just like oil.

The problem with Nigerians is that we think that Government exists to put cash in our pockets every month. That is why we blow up pipelines, fight each other in the name of religion, and complain about how many Hausas there are in government (And for those complaining about Muslims in govt....back in 1989....there were far more Muslims in govt than there are now. Nigeria did not become an Islamic country)...because we want to eat money at the end of the month. And I bet you when this country splits....we willbe fighitng each other for the resources. Anyone who does not think that is going to happen is blind.(Sorry.....but facts is facts).

Nigeria needs to forget about oil, forget about making a living from selling raw materials and sharing the money to go and import everything....including things we can make here in this country....and should START on the road to becoming a manufactruing country. Because...that is the only way we can truly control the strength of our currency.....not these stop gap measures CBN is doing now. Are we going to make the sacrifices needed to become that kind of a country.....or are we going to keep on fighting each other for oil money which we have no control over anyway....including the so called owners.

Oil, agric,etc will never save us. Time we woke up. Powerful countries....are countries that rely on innovation and heavy industry. We better wake up to that fact....whether as one Nigeria....or as split up.

You have a point but you are muddling things up. Fighting corruption is easier in a decentralized govt arrangement than in this centralized system we are practicing. This country is too big and diverse to be run this way. If we were white people, it wouldn't have been a problem but you can never remove the black mentality from us.

Secondly, we cannot forget about oil in this present structure. Abuja sharing revenue every month is just a recipe for laziness. But with true federalism, people will have no choice than to be innovative because no more oil revenue to share.

Corruption is a problem but our biggest problem is the structure of this country which in itself is helping corruption to thrive. No matter who is president, we will keep running round the circle until we tackle the problem from the foundation.
Re: Naira Falls To N350/$ As Investors Await Flexible Forex Policy by WebSurfer(m): 2:17pm On May 27, 2016
berrystunn:


If you join my export business. You will love things to stay like this for 8yr. Buy in local currency and sell in foreign currency Making 200% profit.
well, sorry if i refuse to believe you as we have too many keyboard warriors than realists, i dont know what your idea on the export business is or the stress involved or per profits or income involved. But if it can still not fetch at least 200k in a week (at least o) then its no big deal to me
Re: Naira Falls To N350/$ As Investors Await Flexible Forex Policy by experimentist: 2:23pm On May 27, 2016
scribble:
Buhari na curse
idiotically idiotic idiottt!
Re: Naira Falls To N350/$ As Investors Await Flexible Forex Policy by 989900B: 2:38pm On May 27, 2016
This is just too much chaos and suspense.
Re: Naira Falls To N350/$ As Investors Await Flexible Forex Policy by Dam5reey(m): 2:46pm On May 27, 2016
Abeg... Why Una dey complain self are we spending $ in Nigeria?

When 1$ was N1.40k people were saying the same thing... 120 the same 150 the same till 200 same

Naira rate is not our Problem, Our problem is the mind set... the way we think

When 1$ was N100, Do we have 24/7 Power supply, Good Roads etc ??

When 1$ was less than N100 how many House did you build, Or How many cars were you driving?

Nothing has really changed.

Lets change our mindset !!!

3 Likes

Re: Naira Falls To N350/$ As Investors Await Flexible Forex Policy by berrystunn(m): 4:44pm On May 27, 2016
WebSurfer:
well, sorry if i refuse to believe you as we have too many keyboard warriors than realists, i dont know what your idea on the export business is or the stress involved or per profits or income involved. But if it can still not fetch at least 200k in a week (at least o) then its no big deal to me

I'm not here to discuss business.
Or get people involve....
Some bad policy favor some group.
Re: Naira Falls To N350/$ As Investors Await Flexible Forex Policy by WebSurfer(m): 5:48pm On May 27, 2016
berrystunn:


I'm not here to discuss business.
Or get people involve....
Some bad policy favor some group.
sure
Re: Naira Falls To N350/$ As Investors Await Flexible Forex Policy by ramalot(m): 6:19pm On May 27, 2016
smiley
Re: Naira Falls To N350/$ As Investors Await Flexible Forex Policy by emeijeh(m): 6:50pm On May 27, 2016
crazymommy:
If it turns to 1000naira per dollar then that means my weekly income will become ten times bigger...

Whats this biz like?
Re: Naira Falls To N350/$ As Investors Await Flexible Forex Policy by sunboy(m): 12:33pm On May 28, 2016
abbeyreal92:
I want to sell my payoneer fund $300 interested buyer should contact me 08039296787. I will love to do face to face transaction.

Contact me bro lets transact.

(1) (2) (Reply)

Four Banks Trading Below Minimum Liquidity Ratio – MPC Members / Reach Me For Whatsapp Ads And Showcase Your Products To Upto 5000+ Activ Views / Development Bank Of Nigeria Takes Off July

(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. 30
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.