Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,710 members, 7,816,914 topics. Date: Friday, 03 May 2024 at 08:08 PM

Naira Hits N495/dollar As Forex Scarcity Lingers - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Hits N495/dollar As Forex Scarcity Lingers (12747 Views)

Naira Plunges To N472/$ As Forex Scarcity Worsens / Dollar Sells For N445 As Forex Scarcity Persists / Naira Depreciates To ₦410 Per Dollar As Local Currency Weakens (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Re: Naira Hits N495/dollar As Forex Scarcity Lingers by Nobody: 7:11pm On Jan 12, 2017
If there's a God, the exchange rate will steady at N500 for the next few weeks grin

But then the cost of building materials keep rising at similar rates on the market.

6" block is now N175. I paid N110 when I started my project in 2016.
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by cooltola(m): 7:14pm On Jan 12, 2017
Stop blaming PMB , he is not a magician. Naira is meant to fall when oil prices are low.

1 Like

Re: Naira Hits N495/dollar As Forex Scarcity Lingers by jbaby265(f): 7:15pm On Jan 12, 2017
And someone somewhere said.. Nigeria will be out of recession soon.. I think is the VP

1 Like

Re: Naira Hits N495/dollar As Forex Scarcity Lingers by queencalipso(f): 7:17pm On Jan 12, 2017
My heart is bleeding as am reading this cry what is our offense to deserve such a man at the helm of affairs?

Naira keep nose-diving with serious speed.

What a country! sad
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by ivandragon: 7:26pm On Jan 12, 2017
as long as the sociopolitical atmosphere is tense & economic policies are not properly articulated, there is no hope.

PMB has set too many fires in the kitchen & he seems confused on how to put them out.

the money you need to diversify your economy will come from the South, yet you continue to vilify the people & expect them to allow you tap their resources unhindered.

PMB, sometimes, the better part of valour is diplomacy... humble yourself, become more of a father figure by having a large heart, let the real technocrats run your government rather than your parochial cabal & in 6 months, Nigeria will be purring like a well oiled machinery...

1 Like

Re: Naira Hits N495/dollar As Forex Scarcity Lingers by Opakan2: 7:27pm On Jan 12, 2017
Enemies of Nigeria go dey rejoice now.. yeye pipu

one love Naija. we'll get it right soon cool
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by Bizibi(m): 7:27pm On Jan 12, 2017
This is not good!!!!
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by yedidiah(m): 7:27pm On Jan 12, 2017
AfonjasMustDie:
wow
That's a good development

I want the naira value to keep decreasing so that before next month $1 would be 900 naira

I hope and pray that Buhari will rule Nigeria for 100 years
guy Na we all e dey affect o
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by Nobody: 7:32pm On Jan 12, 2017
The da.ft nomad should honourably quit!...u can't give what u don't have!!
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by StoneLucifer: 7:34pm On Jan 12, 2017
Lets go and cruxify Goodluck Jonathan..He is the cause of everything that is called problem in Nigeria including the dry harmattan breeze in december..
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by Guru9ja(m): 7:36pm On Jan 12, 2017
y I no get dollar account oooo
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by Nobody: 7:37pm On Jan 12, 2017
May God suspend every other engagement and sit back and punish Buhari until he dies... Amen.
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by halegbs: 7:41pm On Jan 12, 2017
...and they promised one naira will equal one dollar. they probably didn't give a fvck.
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by advocate666: 7:44pm On Jan 12, 2017
Opakan2:
Enemies of Nigeria go dey rejoice now.. yeye pipu

one love Naija. we'll get it right soon cool

My joy knows no bounds.
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by Opakan2: 7:47pm On Jan 12, 2017
advocate666:


My joy knows no bounds.


K

how can I make the K bold sef undecided
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by wunmi2odun(m): 7:48pm On Jan 12, 2017
AfonjasMustDie:
wow
That's a good development

I want the naira value to keep decreasing so that before next month $1 would be 900 naira

I hope and pray that Buhari will rule Nigeria for 100 years
Is that why you want to start crying
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by alamscolo(m): 7:52pm On Jan 12, 2017
RECESSION CANNOT TOUCH REAL ESTATE.
In this current recession, it is most advisable to invest in Real Estate because if you leave N10m in the bank today, by next year it's value would have dropped.
But if you invest in Real Estate today, by next year the value of your property would have appreciated amazingly.

IF YOU LEAVE YOUR MONEY IN THE BANK, RECESSION Will TOUCH IT, BECAUSE THE VALUE WILL REDUCE (The things that N10m will buy today, the N10m will not be able to buy those things in 2 years time).

Lekki royal Garden (ibeju-lekki) @4m
Lekki Rose Garden (Ibeju-Lekki) @4m
Lekki crystal Garden (Ibeju-Lekki) @2.5m
Royal Haven Garden (ibeju-lekki) @ 750k
Royal Haven Garden (Mowe) @ 700k
Royal Haven Garden (Ikorodu) @800k

INVEST TODAY!!!

To get really good deals.
Contact us.
Kunle & Co. Properties
Whatsapp 08083598335
Emmanuel. A.
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by Nobody: 7:57pm On Jan 12, 2017
AfonjasMustDie:
wow
That's a good development

I want the naira value to keep decreasing so that before next month $1 would be 900 naira

I hope and pray that Buhari will rule Nigeria for 100 years
Abeg change DAT prayer point
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by buchilino(m): 7:58pm On Jan 12, 2017
9jakohai:
If you want Naira to improve.......you have to earn more dollars

And in the short term...earning more dollars involves

1.Increase in oil prices up to $100 per barrel and above.

2. Diversification.

3.Accept there is no quick road out of this.

4.Fight corruption

5.Put pressure on govt....to make right decisions.


U N I NO DATS NOT POSSIBLE, COS NIGERIA'S FOUNDATION WAS BUILT ON ERROR.
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by DivneFavour(m): 8:10pm On Jan 12, 2017
God please don't let this naira become useless.
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by kosisokosi48(m): 8:37pm On Jan 12, 2017
They just went to sleep

Re: Naira Hits N495/dollar As Forex Scarcity Lingers by grandstar(m): 8:49pm On Jan 12, 2017
menstrualpad:

Nigerians will not earn more dollars if the government keeps shortchanging the earners with dubious exchange rate....

Perfectly said. That lies 90% of the solution to the present problem

1 Like

Re: Naira Hits N495/dollar As Forex Scarcity Lingers by borntosuccess(m): 8:56pm On Jan 12, 2017
Ride on general Cassandra
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by Tkoy(m): 8:57pm On Jan 12, 2017
Jesus!!! Buhari have killed Nigeria. 495/dollar.

Kerosene @ 400 naira.

Abeg which kind country be thissssssssssss.

Kai!!!! Men no wan get sense
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by Empiree: 9:12pm On Jan 12, 2017
AfonjasMustDie:
wow
That's a good development

I want the naira value to keep decreasing so that before next month $1 would be 900 naira

I hope and pray that Buhari will rule Nigeria for 100 years
lol
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by ScotsReferendum: 9:18pm On Jan 12, 2017
Buhari just keeps disappointing his Afonja friends grin
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by abike12(f): 9:19pm On Jan 12, 2017
EgunMogaji:
If there's a God, the exchange rate will steady at N500 for the next few weeks grin

But then the cost of building materials keep rising at similar rates on the market.

6" block is now N175. I paid N110 when I started my project in 2016.

Iron rods, sand, granite, you name it. Everything is increasing with the dollar

1 Like

Re: Naira Hits N495/dollar As Forex Scarcity Lingers by MrSly(m): 10:12pm On Jan 12, 2017
9jakohai:
If you want Naira to improve.......you have to earn more dollars

And in the short term...earning more dollars involves

1.Increase in oil prices up to $100 per barrel and above.

2. Diversification.

3.Accept there is no quick road out of this.

4.Fight corruption

5.Put pressure on govt....to make right decisions.

Long note. You should have summarised it as " let buhari step down" period.
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by oyeb15: 10:23pm On Jan 12, 2017
This Naira na star o. It just dey hit everyday.
Re: Naira Hits N495/dollar As Forex Scarcity Lingers by Cletus77(m): 10:52pm On Jan 12, 2017
I wonder why some people wil hear dis and still defend buhari, abi na curse?

1 Like

Re: Naira Hits N495/dollar As Forex Scarcity Lingers by Nobody: 11:27pm On Jan 12, 2017
When Bubu promised Shanji...little did Nigerians know he meant he was going to convert all the monies in their pockets into shanji....

(1) (2) (3) (Reply)

Manufacturers Worried As Monthly Gas Expenses Hits N220bn / High Exchange Rate: Cargo Import Drops To 65% At Seaports / Meet 10 Silent Nigerian Billionaires You Probably Didn’t Know About

(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. 27
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.