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Nairaland Forum / Nairaland / General / Business / Naira Hits All Time Low At Interbank Market (22537 Views)
Naira Sinks To Record Low At N420 Against Dollar / Naira Hits All-time Low Of 334.50 Per Dollar At Interbank Market / Naira Crashes To N285/$1 At Interbank Market (2) (3) (4)
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Re: Naira Hits All Time Low At Interbank Market by Nobody: 6:54am On Jul 22, 2016 |
this days self, I just wonder when naira become a call girl always bending and going low and twerking to every tune of dollar.. now the craze don enter market ...chaii...and if madness graduate reach market,e don don... as wear, amtyred... we finished... 1 Like 1 Share |
Re: Naira Hits All Time Low At Interbank Market by Integrityfarms(m): 6:54am On Jul 22, 2016 |
Truth234: Have you forgotten the 97% and 5% theory? How come the 5% is now over riding the 97%? 5 Likes 2 Shares |
Re: Naira Hits All Time Low At Interbank Market by Rexyl(m): 6:54am On Jul 22, 2016 |
The sinking naira needs urgent redemption which could be provided by strong economic team who are not likely available. How far has the country gone about Yuan project which was claimed to reduce demand for dollars, thus weaken it against naira. Hope the country is not scammed. |
Re: Naira Hits All Time Low At Interbank Market by fr3do(m): 6:54am On Jul 22, 2016 |
Somebody sai baba! somebody sai baba!! 1 Like |
Re: Naira Hits All Time Low At Interbank Market by stuffs4me(m): 6:55am On Jul 22, 2016 |
Na wa oo This is not good for our dear country. |
Re: Naira Hits All Time Low At Interbank Market by sundayakasdy(m): 6:56am On Jul 22, 2016 |
God Bless Nigeria... |
Re: Naira Hits All Time Low At Interbank Market by SmartMugu: 6:56am On Jul 22, 2016 |
Truth234:It may have nothing to do with either GEJ or Buhari or anyone else. When pushed to the wall, everyone knows when to react. The cost of everything is way higher than it was during GEJ era. For communities that relied on fishing, amnesty funds etc, all that halted for some reasons. I think that may be one reason the militants sprung up. |
Re: Naira Hits All Time Low At Interbank Market by SamMilla1(m): 6:56am On Jul 22, 2016 |
onatisi: They were chanting Sai Baba everywhere. Blindly forcing an old military Illiterate on a nation of 200 million in 21st century. Hoping they were fighting GEJ. Upon all the refined young politicians in the North, all they could throw at us was an old tribal religious stubborn bigot who not only failed Economics and maths but also never managed a successful business his whole life. Now they want local farmers to pay for security of their crops so that their cattle won't eat them. What baffled me was the way they thought GEJ was the owner of Nigeria. He was just another man. Now see the mess. 6 Likes 3 Shares |
Re: Naira Hits All Time Low At Interbank Market by iykedare(m): 6:57am On Jul 22, 2016 |
Where are those quack Nairaland economists? Why do they avoid these kind of threads? 1 Like |
Re: Naira Hits All Time Low At Interbank Market by mobidoo: 6:57am On Jul 22, 2016 |
Scam is another name for APE APC, Where is china's RMB TO NAIRA swap. Scam Where is new fixed dollar rate. Scam Still some fools in the south w.a.s.t.e refuses to see. 2 Likes
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Re: Naira Hits All Time Low At Interbank Market by lollmaolol(m): 6:57am On Jul 22, 2016 |
frozenSun: Really sad men |
Re: Naira Hits All Time Low At Interbank Market by SamMilla1(m): 6:58am On Jul 22, 2016 |
Truth234: Which Dollar traded at 330? US dollar or Hong Kong Dollar? Because I bought dollars 375 naira yesterday. 1 Like |
Re: Naira Hits All Time Low At Interbank Market by mobidoo: 6:59am On Jul 22, 2016 |
SamMilla1: U mean this 1 Like
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Re: Naira Hits All Time Low At Interbank Market by Jobabori(m): 6:59am On Jul 22, 2016 |
The prophet that prophesied famine in the land will not feed his own family with stones. The action of the militants is not excepting the Niger deltans too. I am not praying that economic should collapse, but if it eventually does, the militants and their supporters will also bear the consequences with other Nigerians. Even the politicians that ate supporting them to fight Buhari will have nothing to rule over and loot as usual. 1 Like |
Re: Naira Hits All Time Low At Interbank Market by donwanidon2014: 7:00am On Jul 22, 2016 |
God will help us!!! |
Re: Naira Hits All Time Low At Interbank Market by Truth234(m): 7:02am On Jul 22, 2016 |
SmartMugu: Do you know their activities is what pushed our consumer prices up? By now we expect our FDI/capital importation to be up but it is not because investors are scared. Just yesterday, India ordered oil from Malaysia saying Nigeria is too risky because of militant. We need capital importation to ease forex pressure, their are activities is jeopardizing the economy. |
Re: Naira Hits All Time Low At Interbank Market by salabscholar01(m): 7:03am On Jul 22, 2016 |
bad |
Re: Naira Hits All Time Low At Interbank Market by Truth234(m): 7:03am On Jul 22, 2016 |
SamMilla1: This is at interbank window, not parallel market. 1 Like |
Re: Naira Hits All Time Low At Interbank Market by salabscholar01(m): 7:03am On Jul 22, 2016 |
bad............... |
Re: Naira Hits All Time Low At Interbank Market by macapie20(m): 7:04am On Jul 22, 2016 |
All is well |
Re: Naira Hits All Time Low At Interbank Market by ufumes(m): 7:04am On Jul 22, 2016 |
Seems like the stock of dollars in CBN coffers has depleted drastically |
Re: Naira Hits All Time Low At Interbank Market by Xano(m): 7:07am On Jul 22, 2016 |
Interesting Importation would be expensive. Cost of production would increase, its effect on retail cost would increase also. Some companies(multinationals) with foreign investors would have increase dividend yield. Those whom the policy should help, of the first above, rather it now jolly for foreign investors. Policies should be for the benefit of its citizens not just for foreigners. Unfortunate. |
Re: Naira Hits All Time Low At Interbank Market by davibid: 7:07am On Jul 22, 2016 |
As for me, nothing surprises any more in this APC government I only can't wait for this four years to pass as fast as possible 1 Like |
Re: Naira Hits All Time Low At Interbank Market by MrPresident1: 7:09am On Jul 22, 2016 |
Israel is here, negroes we are going home , redemption has come The dispersal and tribulation is ending; signs in the sun in the moon and in the stars, on the earth the sea is roiling, hahaha home sweet home . Jerusalem if I ever forget you, may my right hand lose its dexterity! Home sweet home Jeremiah 30:3 For, lo, the days come, saith the Lord, that I will bring again the captivity of my people Israel and Judah, saith the Lord: and I will cause them to return to the land that I gave to their fathers, and they shall possess it. 2 Likes 1 Share |
Re: Naira Hits All Time Low At Interbank Market by ufumes(m): 7:09am On Jul 22, 2016 |
I was initially thinking that the interbaank rates will affect how much one is charged when transacting with ATM cards, but i was disappointed that the ATM was charged closed to the black market rate which left me wondering how the interbank rate affect normal transactions |
Re: Naira Hits All Time Low At Interbank Market by sunnyb0b0(m): 7:11am On Jul 22, 2016 |
Truth234: Let Buhari continue looking for Tompolo to collect N13bn........a wise man chooses his battles. 4 Likes |
Re: Naira Hits All Time Low At Interbank Market by Nwaisuochi(m): 7:12am On Jul 22, 2016 |
Feranchek:Are you a bank? The op said interbank rate. Anyway, you probably don start Friday morning with kai-kai |
Re: Naira Hits All Time Low At Interbank Market by coachmotors(m): 7:14am On Jul 22, 2016 |
D Niger vengeance are doing their piece as sai babas are doing theirs. |
Re: Naira Hits All Time Low At Interbank Market by benny339(m): 7:15am On Jul 22, 2016 |
God help us all |
Re: Naira Hits All Time Low At Interbank Market by onatisi(m): 7:16am On Jul 22, 2016 |
DaBullIT:Bros onatisi no dey argue .i am patiently waiting for my last predictions about buhari to happen before I know what to say next and that is the printing of more naira notes. Till then I go just dey observe Nigerians 2 Likes |
Re: Naira Hits All Time Low At Interbank Market by Omeokachie: 7:17am On Jul 22, 2016 |
So Buhari has finally agreed to devalue the naira against the Deutsche Mark and French franc ko? 1 Like |
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