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Unbelievable!!! Naira Falls To N485/$1, N600/£1 - Business - Nairaland

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Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Abatsam111(m): 3:30pm On Dec 06, 2016
The Naira took a fall again on Tuesday, December 6, as it dropped to N485 from N484 against the dollar and N600 from N590 against the British pound at the parallel market.

However, the local currency maintained the N510 per Euro as it was yesterday, December 5.

Dollar to Naira
Some have attributed the fall of the naira to the recent crackdown in the parallel market against currency traders.

However, Vice-President Yemi Osinbajo, in an interview with Reuters, said “his office was working with the central bank to make the foreign exchange market more flexible and more reflective of actual demand and supply”.

At the official side of the market, the naira depreciated from 305 to 315 per dollar, while the pound went for N401.

Source: http://naijamini.com.ng/not-naira-falls-n4851-n600-1/

3 Likes 3 Shares

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 3:31pm On Dec 06, 2016
It is finished on the cross of CBN forex management unit shocked

74 Likes 4 Shares

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Abatsam111(m): 3:32pm On Dec 06, 2016
Lalasticalala
Mynd44
Dominique
Seun
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by engrsyer(m): 3:37pm On Dec 06, 2016
a dollar must be equal to 500 before the end of 2016 or...

71 Likes 3 Shares

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by borntosuccess(m): 3:39pm On Dec 06, 2016
General Cassandra keep up d good work

32 Likes 1 Share

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by LoveMachine(m): 3:49pm On Dec 06, 2016
Don't cry if you cheered the destruction of pipelines. This is the result.

47 Likes 6 Shares

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by wxyz1: 3:52pm On Dec 06, 2016
Wait o, this is how we fold how hands to watch PMB destroy Nigeria!!?

169 Likes 11 Shares

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by devilson(m): 4:04pm On Dec 06, 2016
zombies come nd defend the Daura President. come nd explain how the crash of naira would benefit Nigeria.

stupid president without a brain with hid foolish supporters

135 Likes 3 Shares

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Tolexander: 4:16pm On Dec 06, 2016
The way Naira is going, it may soon go deeper than South Korean Won!

4 Likes

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by OZAOEKPE(f): 4:17pm On Dec 06, 2016
grin we don die shocked

2 Likes

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by knightsTempler: 4:19pm On Dec 06, 2016
When we told some people on this very platform, they called us all kinda names.

Onatisi, where are you at ?

23 Likes

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by EternalTruths: 4:19pm On Dec 06, 2016
LoveMachine:
Don't cry if you cheered the destruction of pipelines. This is the result.

Have you finished praising Buhari for dividing the country into 97% and 5%

Continue laughing at the 5% while oil production plummets.

147 Likes 11 Shares

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by freeze001(f): 4:22pm On Dec 06, 2016
LoveMachine:
Don't cry if you cheered the destruction of pipelines. This is the result.

Don't cry if u cheered n supported the election of the ignorant bigot in office, this is just a bit of the results.

131 Likes 5 Shares

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Fremancipation: 4:37pm On Dec 06, 2016
The same people crying today will vote Bihari again just out of spite for igbos. Their sheer hatred blinds them during elections.

75 Likes 3 Shares

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by wickyyolo: 4:56pm On Dec 06, 2016
hehe SAI BABA!
Zombies see your Baba Handiwork

12 Likes

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by onatisi(m): 5:15pm On Dec 06, 2016
knightsTempler:
When we told some people on this very platform, they called us all kinda names.

Onatisi, where are you at ?

bros , remaining small . nobody go teach Nigerians

15 Likes 1 Share

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by ephi123(f): 5:17pm On Dec 06, 2016
OMG shocked I remember when £ was still N250 barely 3 years ago.

Buhari has totally destroyed what is left of Nigeria's economy. What a leader, he has sunk a whole country into recession (with his backward no head no tail policies) not once but TWICE!! What a record, a shameful record.

64 Likes 2 Shares

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 5:19pm On Dec 06, 2016
Odago!!!

7 Likes

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by opethom(m): 5:19pm On Dec 06, 2016
good news for my G boys

5 Likes

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by ephi123(f): 5:19pm On Dec 06, 2016
wxyz1:
Wait o, this is how we fold how hands to watch PMB destroy Nigeria!!?

Good question!! This is alarming

30 Likes

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Mentcee(m): 5:20pm On Dec 06, 2016
Animal is Buhari

17 Likes

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by FemiFaniKayode: 5:20pm On Dec 06, 2016
Now tell me what is unbelievable in this??

Until it is $1 = N1
dont come here and type this unbelievable bulllcrap

10 Likes

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by AroOkigbo(m): 5:20pm On Dec 06, 2016
LoveMachine:
Don't cry if you cheered the destruction of pipelines. This is the result.
..and who's responsible for the protection of pipelines?
Is the country's chief security officer actually doing his job?
.
.
#z.o.m.b.i.e.s should stay clear of my mention.
I'm annoyed! !

75 Likes 2 Shares

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Dc4life(m): 5:21pm On Dec 06, 2016
My fear is that it has fallen to a level that it may never rise to its former position.

And the worst is that it is still falling.

And

Ironically I am praying that the exchange rate should continue rising because it is more money to me..such is life... wink

7 Likes

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by pendusky(m): 5:21pm On Dec 06, 2016
Which way Nigeria? sad sad sad
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by hobermener: 5:21pm On Dec 06, 2016
Unbelievable?? Op you day craze Buhari is giving us Xmas bonus, at least if I send $1000 I my mama go get #500,000. Sai buhari!!! Baba we are with you. Sai baba till 2023 insha Allah, change is here finally grin grin grin

23 Likes 1 Share

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Thisis2raw(m): 5:21pm On Dec 06, 2016
One of the bright side of the CHANGE

3 Likes 3 Shares

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by yorke1: 5:21pm On Dec 06, 2016
By the time this man finish with you guys

5 Likes

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by DonCortino: 5:22pm On Dec 06, 2016
Unbelievable wetin?

With d dullard in charge, nothing is unbelievable!

5 Likes

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by kokosin: 5:22pm On Dec 06, 2016
buhari is a Dundee

18 Likes 1 Share

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by BrutalJab: 5:22pm On Dec 06, 2016
[b] *Had it been Buhari did not become President*:

*1. We will think that by now fuel will be #45 per litre*.

*2. We will think that by now #1 will be equal to $1*.

*3. We will think that by now three million jobs would have been created*.

*4. We will think that by now unemployed youths would have been receiving #5,000.00 stipends*.

*5. We will think that by now pupils would have been getting at least a meal(including fruits) in school*.

*6. We will think that by now Buhari would have made his assets and liabilities public*.

*7. We will think that by now maternal and children healthcare services would be free*.

*8. We will think that by now Boko Haram will be a thing of the past*.

*9. We will think that by now all corrupt leaders will be in jail*.

*10. We will think that by now Electricity will be 24/7*

*11. We think that by now Nigeria will be the Greatest and strongest Economy in the world*.

*12. We will think by now a bag of rice will be N5000 with a boom in Agriculture*.

*13. We will think by now Nigeria would have recovered all looted funds*. [/b]

107 Likes 11 Shares

Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by obailala(m): 5:22pm On Dec 06, 2016
And another pipeline goes booom!!!... and the people celebrate!

4 Likes

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