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Dollar Drops Below N400/$ For First Time In Seven Months - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Dollar Drops Below N400/$ For First Time In Seven Months (48982 Views)

Analysts Predict Naira Devaluation To N400/$ / Dollar Drops To 185 Naira A Day To Election / Shocking : Bill Gates Came To Nigeria And Dollar Drops To N182. How Possible? (2) (3) (4)

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Re: Dollar Drops Below N400/$ For First Time In Seven Months by Jetleeee: 7:48am On Mar 23, 2017
crackhouse:
Pls don't start. must u be stupid?

Lwtmb! e pain am grin

9 Likes 2 Shares

Re: Dollar Drops Below N400/$ For First Time In Seven Months by AngelicBeing: 7:48am On Mar 23, 2017
Jetleeee:
Isn't it time for us to celebrate this beautiful woman?



The so-called polytechnic graduate cleaning up the rot Aunty Phiil-lip-ina aka Eteyemi from Havard caused grin

Omo wa na ni smiley

grin grin grin grin tongue

8 Likes

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Xcelinteriors(f): 7:48am On Mar 23, 2017
That is great

Are you looking for a window blind? Check my signature
Re: Dollar Drops Below N400/$ For First Time In Seven Months by Kindoo: 7:49am On Mar 23, 2017
Keeping hope alive. ko sohun to le ti kin ro. With the right steps in place, we will have the breakthrough desired.

visit
www.wurana..com
Re: Dollar Drops Below N400/$ For First Time In Seven Months by MrMcJay(m): 7:49am On Mar 23, 2017
ItsQuinn:
NOOOOOOOOOOOO!!!!! sad sad sad cry cry cry cry
please dollar rise again! what is this? undecided

Wait na, e go still reach 550.
You never see chumchin.

2 Likes

Re: Dollar Drops Below N400/$ For First Time In Seven Months by kilokeys(m): 7:50am On Mar 23, 2017
vedaxcool:
grin grin for those who will be troubled by the news

u are sick.. who in nigeria atm isnt happy about this news?

1 Like

Re: Dollar Drops Below N400/$ For First Time In Seven Months by ElsonMorali: 7:50am On Mar 23, 2017
yinkslinks:
I like to laugh when people praise naija government in just weeks. Something they met at 217. Let's just sleep and wake up to hear it risen again like soaked garri.

Jonathan met it at 150 in case you've forgotten.

8 Likes 1 Share

Re: Dollar Drops Below N400/$ For First Time In Seven Months by shuminat: 7:51am On Mar 23, 2017
We must continue to pray for success of this nation and enjoy the positive things happening to it.

3 Likes

Re: Dollar Drops Below N400/$ For First Time In Seven Months by vedaxcool(m): 7:52am On Mar 23, 2017
[s]
kilokeys:


u are sick.. who in nigeria atm isnt happy about this news?
[/s]


My assistance to you and your generations:

1 Like

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Nobody: 7:52am On Mar 23, 2017
I pray oh! sad
MrMcJay:


Wait na, e go still reach 550.
You never see chumchin.
Re: Dollar Drops Below N400/$ For First Time In Seven Months by oweman: 7:53am On Mar 23, 2017
It's be good the police keep some of thier men on 1) all Lagos bridges 2) 2!niger bridge 3) jebba brige 4wink murtalla bridge and any other dsngerous bridges accross the nation as very many will attemp to take the last dive because of this story !
It's no magic when a government intentionally control the looting of the treasury and also see to waste on frivoulos items the exchange has to stabilize and that exactly what government is doing .
There is no need crying shortly rain will come down heavily So those crying of hunger will eat from thier farms if they has farm but if not so they shall starve to die all !!

1 Like

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Bizibi(m): 7:55am On Mar 23, 2017
This is the news I love.......take us back to when u met it.

This is the time govt need to inject money into every sector......let the money start circulating fr prices of goods to come down
Re: Dollar Drops Below N400/$ For First Time In Seven Months by Deepfreezer(m): 7:56am On Mar 23, 2017
Thank God. Let it continue dropping
Re: Dollar Drops Below N400/$ For First Time In Seven Months by yinkslinks(m): 7:56am On Mar 23, 2017
67 in how many years? And now compare. Neither did I said Jona is a saint. They are all criminals.
ElsonMorali:


Jonathan met it at 150 in case you've forgotten.
Re: Dollar Drops Below N400/$ For First Time In Seven Months by Ayatul(m): 7:56am On Mar 23, 2017
[quote author=ojibole post=54855758]thank you jesus...dey should keep doing whatever they are doing to bring it down to 150...another thing is d price of goods dey ought to b dropping too
NI50 is possible. Price of goods already dropping as well. 2weeks ago, a Derica of rice sells at N300 now it sells at N250
I have hope things gonna make sense in the comin weeks.

2 Likes

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Ugosample(m): 7:57am On Mar 23, 2017
Jetleeee:
Isn't it time for us to celebrate this beautiful woman?



The so-called polytechnic graduate cleaning up the rot Aunty Phiil-lip-ina aka Eteyemi from Havard caused grin

Omo wa na ni smiley


Common sense did not tell you that she is the finAnce minister and not CBN governor?
Does finance ministry have a say on monetary matters?

See what ignorance is causing


@Topic...
This is very good news mehn

3 Likes

Re: Dollar Drops Below N400/$ For First Time In Seven Months by Jammiiee(m): 7:57am On Mar 23, 2017
Retailers are damn too greedy and there are no price control mechanism. It's a free control system allowed to find its balance. Too poor angry
wristbangle:


I am also excited about the news but have u checked the latest news that our reserve which fell a bit yesterday and oil price fell below $50 bench mark due to oil glut in the market? I am not an enemy of progress but I don't know what will happen in the next coming days but chairman of Apex bank said we should not panic yet. Google or check online newspaper for more information. Though u can read the links below FYI.

http://www.newsflashng.com/nigerias-external-reserves-drop-first-time-since-december/

http://www.telegraph.co.uk/business/2017/03/22/oil-price-drops-50-first-time-since-opec-deal/



You are right if the sustainability continues but then we are too greedy in Nigeria. Yes traders will restock but will the price commensurate with the currency appreciation? Our price regulation policies in market is still poor as retailers want to enjoy exorbitant profit
Re: Dollar Drops Below N400/$ For First Time In Seven Months by emi14: 7:57am On Mar 23, 2017
SuperS1Panther:
Children of Hatred will still twist the narratives by telling us how the policy is not sustainable and blablablablablabla.


Speculators and hoarders and looters --- how market? Your wealth has dwindled from 520 to less than 400/$ right in your selfish eyes.

CBN please keep driving the Naira towards 300. As long as Nigeria is selling Crude Oil, it is very sustainable, while our Foreign Reserve is also increasing gradually. Bad news to haters.

Who are the hater? Bad news to economic saboteurs rather.
Re: Dollar Drops Below N400/$ For First Time In Seven Months by Fmartin(m): 7:58am On Mar 23, 2017
on behalf of wailers: This Is Nt A News To Be Clapping At..
Re: Dollar Drops Below N400/$ For First Time In Seven Months by Nobody: 8:00am On Mar 23, 2017
Wow
Maybe I should hold on a little on a new phone, who knows, by next week it could be 200naira grin

2 Likes 1 Share

Re: Dollar Drops Below N400/$ For First Time In Seven Months by josejims257: 8:00am On Mar 23, 2017
May God see us through.
Re: Dollar Drops Below N400/$ For First Time In Seven Months by Nobody: 8:01am On Mar 23, 2017
Jetleeee:
Really unfortunate to be a descendant of shuku alabiabia at this point in time



Make una do fast


this is not funny!
Re: Dollar Drops Below N400/$ For First Time In Seven Months by ojibole(m): 8:01am On Mar 23, 2017
kahal29:


It may not drop easily like that because of price stickiness called price sticky theory in economics meaning its easy for prices of goods and services to increase than to fall.

yeah u r right though but if dey can bring it down dey will surely drop
Re: Dollar Drops Below N400/$ For First Time In Seven Months by Ugosample(m): 8:01am On Mar 23, 2017
Joavid:
I think there's a name for this kind of strategy. where a new Government make things worse at first, and then makes it better.

so the dumb and gullible electorate start to sing their praises forgetting how the same government made them go through hell.

I'm damn sure there's a name for this strategy.

I don't think Nigerians will fall for this this time

Daura straight is the operation in 2019

1 Like

Re: Dollar Drops Below N400/$ For First Time In Seven Months by tete7000(m): 8:02am On Mar 23, 2017
Seenyo:
I hope GREEDY/SADIST traders allow nigerians feel this positve development via their commodities!...
Imagine even GARRI seller blaming dollar rise for increase in price!


Yes, garri price will rise on dollar rise because after the garri seller has sold his good, he must use money made to buy rice, electronics and other imported goods. He needs to maintain his car whose spare parts prices have gone up from proceeds of his garri sales since he has no other means. He goes to the same market everyone else goes to. Therefore, if there is inflation in one sector of the market, he needs to increase the price of his own good to so that he can afford things from that sector and continue to survive. I believe you understand how it works now? Garri seller doesn't exist in isolation, his children eat indomie noodles too.

5 Likes

Re: Dollar Drops Below N400/$ For First Time In Seven Months by emi14: 8:02am On Mar 23, 2017
SuperS1Panther:
Children of Hatred will still twist the narratives by telling us how the policy is not sustainable and blablablablablabla.


Speculators and hoarders and looters --- how market? Your wealth has dwindled from 520 to less than 400/$ right in your selfish eyes.

CBN please keep driving the Naira towards 300. As long as Nigeria is selling Crude Oil, it is very sustainable, while our Foreign Reserve is also increasing gradually. Bad news to haters.

Who are the hater? Bad news to economic saboteurs rather. They are closer to the government. You always see them as lovers of Nigeria but in actual truth they are enemies. The cabals. Ask yourself why the story changed just in osnibanjo 40+ days as acting Presd.
Re: Dollar Drops Below N400/$ For First Time In Seven Months by codedslayer: 8:03am On Mar 23, 2017
Jetleeee:




Na this kind news dey scratch una for body. omo Alabiabia grin

If to say na Yoruba related news, una for don dey share yoghurt and gala

You dey suffer all these ipob touts. Lolzzz. They are very easy to deal with, just that they have hundreds of handles to back up.

6 Likes

Re: Dollar Drops Below N400/$ For First Time In Seven Months by NOETHNICITY(m): 8:03am On Mar 23, 2017
another sad day for ipork piglets.

1 Like

Re: Dollar Drops Below N400/$ For First Time In Seven Months by greatman247(m): 8:03am On Mar 23, 2017
omenkaLives:
Cc: Reno O'fuckery. embarassed

Reno and his slaves right now.. .

Lol. Funny you.

1 Like

Re: Dollar Drops Below N400/$ For First Time In Seven Months by sonofthunder: 8:03am On Mar 23, 2017
Hallelujah... Glory to Jesus.
Re: Dollar Drops Below N400/$ For First Time In Seven Months by codedslayer: 8:04am On Mar 23, 2017
Jetleeee:
Really unfortunate to be a descendant of shuku alabiabia at this point in time



Make una do fast


Your gif dey always make me laugh tire.

4 Likes

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