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Nairaland Forum / Nairaland / General / Business / Biko, What Is The True Value Of The Naira? (13694 Views)
‘Anyone Caught Abusing The Naira Will Face Jail Terms’ – CBN Warns Nigerians / ‘this Is Why The Naira Fell Despite CBN Intervention’ – ABCON / The Unstable Value Of The Naira In The Parallel Market - Afolabi Olugbemiga Sam (2) (3) (4)
Biko, What Is The True Value Of The Naira? by abumeinben(m): 9:23am On Dec 17, 2016 |
Is it Budget ₦305/$ Interbank ₦315/$ BDC ₦389/$ Parallel Market ₦450/$ or Black Market ₦485/$...? Anyone? 29 Likes 5 Shares |
Re: Biko, What Is The True Value Of The Naira? by BlackDBagba: 9:27am On Dec 17, 2016 |
Don't be deceived, it's 'practically 'worthless. 33 Likes 2 Shares |
Re: Biko, What Is The True Value Of The Naira? by UnclePati: 9:30am On Dec 17, 2016 |
Direct your question to GOD...not us..becos even Buhari him set don't know 8 Likes |
Re: Biko, What Is The True Value Of The Naira? by APCHaram: 9:42am On Dec 17, 2016 |
Dangote special exchange rate: ₦205 Muslim pilgrims: ₦199 Garba Shehu and co: at the discretion of the President Buhari, Aisha and family: ₦0 to a dollar 105 Likes 5 Shares |
Re: Biko, What Is The True Value Of The Naira? by APCHaram: 9:43am On Dec 17, 2016 |
BlackDBagba: The naira is worthless outside nigeria and her border nations. 24 Likes 2 Shares |
Re: Biko, What Is The True Value Of The Naira? by 4Play(m): 9:48am On Dec 17, 2016 |
The existence of all these different rates allows the well connected to make a shed load of money by buying forex at the cheap rate to sell at the higher rate. This is another way in which poor policies create an enabling environment for corruption to thrive. 26 Likes 1 Share |
Re: Biko, What Is The True Value Of The Naira? by seunlly(m): 10:22am On Dec 17, 2016 |
For now Naira is worthless than buhari regime. I pray naira strength as soon as possible. 2 Likes 1 Share |
Re: Biko, What Is The True Value Of The Naira? by Brunel(m): 10:22am On Dec 17, 2016 |
little or no value |
Re: Biko, What Is The True Value Of The Naira? by omonla10(m): 10:23am On Dec 17, 2016 |
It's worth is inversely proportional to ur worth in the society... |
Re: Biko, What Is The True Value Of The Naira? by cana882(m): 10:23am On Dec 17, 2016 |
Terrible.. Can't even travel out for Xmas unlike other years. 9 Likes 2 Shares
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Re: Biko, What Is The True Value Of The Naira? by mhisbliss(f): 10:23am On Dec 17, 2016 |
i don't think we will ever get back from this 1 Like |
Re: Biko, What Is The True Value Of The Naira? by seXytOhbAd(m): 10:24am On Dec 17, 2016 |
Hmm... If I tell you, you for get heart attack. The True value is about N520/$1 Buhari family travel subsidy is about N11 Dangote subsidy is about N5 Northern pilgrimage subsidy is about N5 Northern elite (Emir Sanusi, Sultan, I see you) subsidy is about N10 Then Tinubu, Chagoury, and other investors subsidy cut is about N10. When you add it up, it is about 40naira. 520-40=480. But the government has been bullying the BDC (money changers) to keep it low, thus the 480 black market price. Then again, I received brain this morning and I've been misbehaving ever since. 8 Likes |
Re: Biko, What Is The True Value Of The Naira? by princejayboss: 10:25am On Dec 17, 2016 |
If you look at rates, one can see clearly that corruption going on in this administration is mind blowing .... The first family and friends are making money 11 Likes |
Re: Biko, What Is The True Value Of The Naira? by hotice01: 10:25am On Dec 17, 2016 |
This is a clear indication of the high level of corruption,incompetence and insincerity of this present administration! "As it stands now Nigeria is completely finished,but if this detrimental trend continues then Nigeria will be Finished completely". where is Sarrki sef? 7 Likes 1 Share |
Re: Biko, What Is The True Value Of The Naira? by chimdi101: 10:28am On Dec 17, 2016 |
Naira is making evrything become priceless 1 Like |
Re: Biko, What Is The True Value Of The Naira? by kolnel: 10:28am On Dec 17, 2016 |
Naira is practically worthless now Hope the value improves when dangote refineries come on stream We hope to see a better 2017 1 Like |
Re: Biko, What Is The True Value Of The Naira? by Histrings08(m): 10:29am On Dec 17, 2016 |
We're in for something serious 5 Likes 1 Share |
Re: Biko, What Is The True Value Of The Naira? by piperson(m): 10:31am On Dec 17, 2016 |
ask this lady 7 Likes
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Re: Biko, What Is The True Value Of The Naira? by Nobody: 10:31am On Dec 17, 2016 |
May God hep us endure,till dis tenure xpires,we need som1 capable nt d dul.lard we hav as ruler. 2 Likes |
Re: Biko, What Is The True Value Of The Naira? by deavicky(m): 10:31am On Dec 17, 2016 |
Here in my village #1 is still equal to$1. The only problem we have is that no dollar to change. 1 Like |
Re: Biko, What Is The True Value Of The Naira? by Day11(m): 10:31am On Dec 17, 2016 |
Even 50naira is becoming worthless. A bottle of water is 70naira now 1 Like 1 Share |
Re: Biko, What Is The True Value Of The Naira? by Goldenheart(m): 10:32am On Dec 17, 2016 |
anywhere belle face... |
Re: Biko, What Is The True Value Of The Naira? by Dongreat(m): 10:34am On Dec 17, 2016 |
The truth is the Naira is practically USELESS now and no help to the inflation foresight. The other day my sis wanted to purchase an electronic online, loaded her account only to be charged ridiculous as the Naira is now pitched at #600/£1. Let's be sincere to ourselves regardless of tribe, religion or sentiments, Buhari is not worthy to rule a complex country like Nigeria. He has got no qualifications that can effect change in this modern era and he is alien to effective economic policies. His minsters are selected based of nepotism as you don't give an accounting portfolio to a woman whose highest education is BSc and from a uni below par, and the wrong professions in wrong ministry. Nigeria is in for a tougher time and unfortunately we have to smile as it's our motto; "Suffering and Smiling". Even after 2019, we will still be suffering because we will vote in another ineffectual candidate based on our hate for the present one. In all said, and to the topic, "The Naira is Dead For Now and Won't be Alive For a Longer, Longest Time". 14 Likes |
Re: Biko, What Is The True Value Of The Naira? by Pavore9: 10:36am On Dec 17, 2016 |
The true value is the rate at which you can buy it easily. 1 Like |
Re: Biko, What Is The True Value Of The Naira? by Kizyte(m): 10:37am On Dec 17, 2016 |
Naira has no real value because someone is busy being taken care of in the kitchen. 4 Likes
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Re: Biko, What Is The True Value Of The Naira? by Nobody: 10:40am On Dec 17, 2016 |
True value is =N=450 |
Re: Biko, What Is The True Value Of The Naira? by Femsmart(m): 10:48am On Dec 17, 2016 |
RIP Naira! 1 Like |
Re: Biko, What Is The True Value Of The Naira? by helovesme(f): 10:49am On Dec 17, 2016 |
Zilch. I never knew the naira has depreciated so bad till I was told yesterday that one MAC lipstick now sells for 10,500 naira. Something my friend said used to be around 3,500 naira. No wonder so many people are angry, pained, upset, frustrated, etc and seeking just anybody to vent their anger and frustrations on. 10 Likes |
Re: Biko, What Is The True Value Of The Naira? by TRADELYN: 10:54am On Dec 17, 2016 |
It is #1,000 note = #400 in value. |
Re: Biko, What Is The True Value Of The Naira? by Nobody: 11:00am On Dec 17, 2016 |
Femsmart: |
Re: Biko, What Is The True Value Of The Naira? by Saib4Jesus: 11:01am On Dec 17, 2016 |
For you to know the true exchange rate of N/$ check the price of burger at KFC in America and how much they are selling same at KFC in Nigeria, that is the true rate of N/$ the rest rates are political! 1 Like 1 Share |
Re: Biko, What Is The True Value Of The Naira? by Nobody: 11:05am On Dec 17, 2016 |
Zombies would keep defending Buhari. 5 Likes |
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