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Nairaland Forum / Nairaland / General / Business / Dollar Free Fall Continues, Sells At N425/dollar (24885 Views)
Again Naira Falls, Sells At N465 Per Dollar / Naira Appreciates Further, Sells At N425/$ In Parallel Market / Naira Improves On Parallel Market, Sells At N501/$ (2) (3) (4)
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Re: Dollar Free Fall Continues, Sells At N425/dollar by rusher14: 7:50am On Mar 01, 2017 |
SamuelAnyawu: Thanks for saying Osinbajo is doing a good job. It's exactly for this reason Jonathan and his deputy were kicked out of Aso Rock never to return again. The synergy between the president and his deputy can never be overemphasised. We pray for the health of our president who mindful of his executive duties duly assigned his deputy to take over the mantle in his absence. Nigeria is reaching for greater heights. |
Re: Dollar Free Fall Continues, Sells At N425/dollar by REIIGN(m): 7:50am On Mar 01, 2017 |
ToriBlue: Sup Tori. |
Re: Dollar Free Fall Continues, Sells At N425/dollar by supereagle(m): 7:50am On Mar 01, 2017 |
Expect more free fall this month.
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Re: Dollar Free Fall Continues, Sells At N425/dollar by steppin: 7:52am On Mar 01, 2017 |
omenkaLives: ToriBlue:You guys should listen to yourselves. The inflation has risen by 20%, do you expect a business man to sell at the old prices, while he buys the things he needs at new prices? It's not done anywhere. You have to increase the prices of the products you sell, to meet up. The civil servants are demanding for an increase in salary and it's no different from what the business man is doing. When you buy goods at N500 and it goes up in the market for 1k, you don't sell at the old price, you sell according to the current price, so you'll be able to buy again and sell. It's as simple as that. 2 Likes |
Re: Dollar Free Fall Continues, Sells At N425/dollar by MARKETfund: 7:52am On Mar 01, 2017 |
omenkaLives: Simple economics! The hunter that sells the bushmeat depends largely on imported goods to survive. If he goes to the market these products are on the high side, and when complained he is told that dollar has risen. In equal measure and rightly so he adopts a survival method by raising the cost of his own wares to meet up with the dwindling value of the naira. Your blame lacks the sagacity of simple economic understanding 1 Like |
Re: Dollar Free Fall Continues, Sells At N425/dollar by gowaga68: 7:53am On Mar 01, 2017 |
Kondomatic:You take style lie here small. When talking of buying things from the east I hope you're not referring to agro products cos that I will never agree to that. I do bring agro produce to the east my self. |
Re: Dollar Free Fall Continues, Sells At N425/dollar by Saintp(m): 7:54am On Mar 01, 2017 |
ToriBlue: Hahaha. I know your plan. You had to quote a known bigot to spew this trash so that he can help you turn this thread into a tribalism and hate filled bashing. When will you niggas ever understand that nobody ever wins these hate fueled online wars? 1 Like |
Re: Dollar Free Fall Continues, Sells At N425/dollar by abbeyty(m): 7:55am On Mar 01, 2017 |
omenkaLives: you can't entirely blame the hunter, maybe the price of bullet he kills his antelope with has gone up because of high exchange rate and the poor hunter must balance thing up from the selling of his antelope by increasing the price so, you cant blame him. 3 Likes 1 Share |
Re: Dollar Free Fall Continues, Sells At N425/dollar by ddippset(m): 7:57am On Mar 01, 2017 |
SamuelAnyawu:as if calling him President Yemi Osinbajo would add more votes to PDP in the next election. |
Re: Dollar Free Fall Continues, Sells At N425/dollar by Nobody: 8:02am On Mar 01, 2017 |
Kudos. . .to my president prof yemi osibanjo . . .buharry abeg no come back again. . .i take God dey beg you. . .please stay!!! #YOLO |
Re: Dollar Free Fall Continues, Sells At N425/dollar by jakandeola(m): 8:03am On Mar 01, 2017 |
Nma27:hahaha my wife u lik bussiness 1 Like |
Re: Dollar Free Fall Continues, Sells At N425/dollar by Abagworo(m): 8:04am On Mar 01, 2017 |
omenkaLives: The question keeps popping up on my mind. Wetin concern Dollar with price of garri and palm oil? |
Re: Dollar Free Fall Continues, Sells At N425/dollar by John902(m): 8:05am On Mar 01, 2017 |
ToriBlue:not only in the east here in Ibadan,somewhere else Ogun state and as a resident of Lagos state,I know what its like |
Re: Dollar Free Fall Continues, Sells At N425/dollar by Nobleking2000(m): 8:05am On Mar 01, 2017 |
ToriBlue: But you also forgot to add that the cost of buying some stuffs used in cultivation of these crops also went up. for example if you were buying a bag of fertilizer for 20k and now you buy at 28k how would you expect the price of his food items to remain the same.There should be proportional increase in the prize his food items. 2 Likes |
Re: Dollar Free Fall Continues, Sells At N425/dollar by Kondomatic(m): 8:06am On Mar 01, 2017 |
gowaga68:And why should I lie? Certain things are cheaper in the east, some are cheaper in the north. It depends on the part you're staying and what you sell |
Re: Dollar Free Fall Continues, Sells At N425/dollar by freekick: 8:07am On Mar 01, 2017 |
SamuelAnyawu:
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Re: Dollar Free Fall Continues, Sells At N425/dollar by sarz(m): 8:08am On Mar 01, 2017 |
SamuelAnyawu:Abeg wich of d benue...hard working ke soft work ni |
Re: Dollar Free Fall Continues, Sells At N425/dollar by Nobody: 8:09am On Mar 01, 2017 |
ToriBlue: If this is true, I guess only the Easterners will be complaining about high cost of living. Last time I checked it is hitting the entire country very hard that most people are complaining bitterly, curiously, the easterners ain't even complaining that much like the other regions. |
Re: Dollar Free Fall Continues, Sells At N425/dollar by sarz(m): 8:11am On Mar 01, 2017 |
omenkaLives:..If they don't add prize to it they will not be able to buy what they need from the market |
Re: Dollar Free Fall Continues, Sells At N425/dollar by 989900: 8:12am On Mar 01, 2017 |
nwabobo: Thank you, I was looking for someone to say this all day . . . The Hunter too will buy mobile phone, wants to build house, buy car, marry, and e.t.c. . . . him no go go steal now? This is the ripple effect of inflation. |
Re: Dollar Free Fall Continues, Sells At N425/dollar by Akpan107(m): 8:17am On Mar 01, 2017 |
nextprince:It's important we all come out to support Pastor Osinbanjo... Either we support PDP or APC, we all need positive policies that will change the failure in Buhari's own policies. Atleast, in Pastor Osinbanjo's policies, we are all equall and to him, no area is 5% or 97%. Lets all support him. |
Re: Dollar Free Fall Continues, Sells At N425/dollar by deflover(m): 8:17am On Mar 01, 2017 |
Even though this is a good move How sustainable is this Do we keep pumping more dollar in the market thereby creating an artificial surplus And mopping out more naira Already the deposits on money tax was introduced making us pay more to deposit money. This only means our foreign reserves is being used to fight the dollar Anyway it will find its low and once osinbanjo devalues the naira we will begin another rise back to 500-600 naira |
Re: Dollar Free Fall Continues, Sells At N425/dollar by gowaga68: 8:17am On Mar 01, 2017 |
Kondomatic:From your first comment it implies all products from the east are cheaper since you sell them up north which is simply a lie to what I know . It may not sound untruthful to you but it is. Just simply spell out this cheap things you buy there abs sell to the north if not imported products. Am waiting. |
Re: Dollar Free Fall Continues, Sells At N425/dollar by dominique(f): 8:20am On Mar 01, 2017 |
omenkaLives: So true and very frustrating, what is the business of garri with dollars? Manufacturers now reduce quality and quantity of their products then increase the price of their products blaming on the dollar rise. A lot of greedy people are making huge profits at the expense of the poor folks. |
Re: Dollar Free Fall Continues, Sells At N425/dollar by metallisc(m): 8:22am On Mar 01, 2017 |
SamuelAnyawu: where your president carry vegetable dey go like this?
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Re: Dollar Free Fall Continues, Sells At N425/dollar by Cire80: 8:22am On Mar 01, 2017 |
ToriBlue:Are you reasonable at all? They also buy things that are imported so if they don't increase their own money, how can they afford those? Common sense would tell you this |
Re: Dollar Free Fall Continues, Sells At N425/dollar by nextprince: 8:26am On Mar 01, 2017 |
Akpan107: And who the hell is this jumping into my mention the way he likes? Ur hero, I mean the motor park tout in Ekiti said he doesn't talk to monkeys. Fyi, I'm on the same page with him in that regard. Now jump out, the way u jumped in.
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Re: Dollar Free Fall Continues, Sells At N425/dollar by obyrich(m): 8:30am On Mar 01, 2017 |
omenkaLives:I get their point. What they mean is inflation and weak purchasing power of the naira. The naira depreciation against the dollar will affect cost of goods imported which in turn affect the antelope hunter's purchasing power. So to break even and meet his needs, he must also increase his price. |
Re: Dollar Free Fall Continues, Sells At N425/dollar by mumsie: 8:33am On Mar 01, 2017 |
Praise God! |
Re: Dollar Free Fall Continues, Sells At N425/dollar by ncoolsome(m): 8:39am On Mar 01, 2017 |
omenkaLives: ur last statement shows u dnt understand much of business..if I buy things high that involve d use of dollar..the best way I cn keep buyin such as a person/businessman is to also increase d price of wat I produce even down to orange n banana..that's y I pity salary earners |
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