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Naira Falls To ₦540 Per Dollar - Business (4) - Nairaland

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Naira Falls At Parallel Market, Appreciates In Official Window / Naira Falls To All-time Low Of 527 Naira To A Dollar / Naira Falls After CBN Stops Forex Sales To BDCs (2) (3) (4)

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Re: Naira Falls To ₦540 Per Dollar by lalax(m): 4:19pm On Sep 09, 2021
E b like dem don use Naira pant abi destiny.. becos dis kind fall no come funny again...
Make money just dey fall everyday..na wa ooo
Re: Naira Falls To ₦540 Per Dollar by arantess: 4:19pm On Sep 09, 2021
McAausim:
embarassed naira don dey useless for were dola dey....


Things fall apart..... cry



May God bless this country.... cry
Lol
May God bless this country no be for mouth bro
You need to show working, God is not a comedian
Re: Naira Falls To ₦540 Per Dollar by BaronBiafra411(m): 4:19pm On Sep 09, 2021
Where is it falling from?? grin cheesy
Re: Naira Falls To ₦540 Per Dollar by Resurgent2016: 4:20pm On Sep 09, 2021
Macphenson:
Buhari has achieved another feat.

What Buhari cannot destroy does not exist.

MANNERBBQGRILLS come and see something.

@dont waste your time trying to make the bolded see reason that his mentor is a failure. There is a good reason they are called zombies

4 Likes

Re: Naira Falls To ₦540 Per Dollar by Nobody: 4:20pm On Sep 09, 2021
600 ke cheesy you no even say 1000 I can bet by December this yr e go don pass 600
flokii:
Goverment of the North una welldone o.. we sha hope it won't fall to 600 before 2023.

If only Emefiele had shame, he would have resigned voluntarily.
Re: Naira Falls To ₦540 Per Dollar by Nobody: 4:20pm On Sep 09, 2021
potland:

https://gazettengr.com/just-in-naira-falls-to-n540-per-dollar/







This one na fall...?


It's called fall back to rise higher...

Dammnnn mehnnnn.... !!!!!



There was...............
Re: Naira Falls To ₦540 Per Dollar by Angelfrost(m): 4:22pm On Sep 09, 2021
Afriqan:
Godwin Emefiele, clap for yourself. You are the most incompetent CBN governor in the history of Nigeria.

Mention one appointee of Buhari in any sector who has done well, or is performing above average... Just mention one.
Re: Naira Falls To ₦540 Per Dollar by qtguru(m): 4:23pm On Sep 09, 2021
TMTR:
No shaking to those of us earning in dollarscheesy

lol true
Re: Naira Falls To ₦540 Per Dollar by Klass99(f): 4:24pm On Sep 09, 2021
smiley
Re: Naira Falls To ₦540 Per Dollar by DAMN99: 4:24pm On Sep 09, 2021
Buhari is useless. He is just there to occupy the presidential villa, steal funds, make nigerians look dumb you all know this things before y'all voted him back in 2015/2019 knowingnfully he is a clueless man who is just desperate for power, a man who has zero plans for the improvement of this country

3 Likes

Re: Naira Falls To ₦540 Per Dollar by Jolomenas: 4:25pm On Sep 09, 2021
SarkinYarki:
Worst govt ever
You must be from north central
Re: Naira Falls To ₦540 Per Dollar by Perfectman91: 4:25pm On Sep 09, 2021
lonecatt:
The exchange rate is heading to an all time low of #600 per dollar.
May we never have a president like buhari again.

Amen oooooooo

1 Like

Re: Naira Falls To ₦540 Per Dollar by Xclusivedaniel6(m): 4:25pm On Sep 09, 2021
osuofia2:
Emefiele why, with Buhari efforts in making the economy stable yet the south keep sabotaging his efforts. Emefiele needs to be fired
Can you imagine your stupidity?
Country is getting bad, you're busy dishing out tribalism shit
Is you well?

2 Likes 1 Share

Re: Naira Falls To ₦540 Per Dollar by jaytee01(m): 4:26pm On Sep 09, 2021
Buhari has sworn to bury the whole country before he steps down!

2 Likes

Re: Naira Falls To ₦540 Per Dollar by samsobo24(m): 4:26pm On Sep 09, 2021
God help Nigeria

We're available for you and your business
Re: Naira Falls To ₦540 Per Dollar by nextstep(m): 4:28pm On Sep 09, 2021
Hrm... I would have really liked N216 naira per dollar. It was very OK.

Bubu will make dollar equal 1000 naira before he leaves. Just prepare yourselves. Maybe we can redominate the naira so that the current 1k will become 1 naira. Bring back kobo too grin

2 Likes 1 Share

Re: Naira Falls To ₦540 Per Dollar by goody234: 4:28pm On Sep 09, 2021
This thing is simple economics nigeria's trade balance is low (foreign reserves is correspondingly low) ....There is also a high demand for foreign reserves the govt cannot meet up the demand, hence economic policies to restrict demand ....
But there are legitimate businesses that need the foreign currencies to buy materials for their business to function, some go to the banks but it is rationed there, so they have to source it elsewhere.

But some avoid going to the banks as a means of avoiding taxes this i know for a fact !!

Another factor is the perceived lack of confidence people have in the naira as inflation sets in ..people and businesses are scrambling to convert all the naira to the dollar ...as it is more stable !!

The CBN economic policies are sound there are smart people in there.. but they fail to realise the human factor and how people react to thier policies...some polices dont need to be announced and just done on a low ,openly telling the country that BDC will not be supplied with foreign currency caused a panic ...

1 Like

Re: Naira Falls To ₦540 Per Dollar by Angelfrost(m): 4:29pm On Sep 09, 2021
hustla:



Smh

Typical black man, knows about himself only even when the enjoyment he thinks is enjoying will come back to bite him

The rise in dollar will make life harder for the common man, crime will rise as a result of spike in prices of food

Abeg explain give thief wey come your house because hunger don kill am say u dey earn in dollar

Ignore these selfish idiots...

They are too full of themselves and too dull or myopic to see that with increase in the suffering of the majority of people around, the greater reduction in the safety of those more comfortable or fairly comfortable.

I keep telling them... Bragging about being wealthy in the midst of worsening poverty is one of the dumbest things ever, cos the wealthy can never have peace to enjoy their wealth as long as the poor get poorer!

A lot of Nigerians don't think beyond their noses... That's why this nation has failed to truly grow.

7 Likes 1 Share

Re: Naira Falls To ₦540 Per Dollar by faithose73: 4:29pm On Sep 09, 2021
FalseProphet1:
It will fall to N1000 per $1 by 2023.

This I have seen

Lol, false prophet.

1 Like

Re: Naira Falls To ₦540 Per Dollar by jaytee01(m): 4:30pm On Sep 09, 2021
DAMN99:
Buhari is useless. He is just there to occupy the presidential villa, steal funds, make nigerians look dumb you all know this things before y'all voted him back in 2015/2019 knowingnfully he is a clueless man who is just desperate for power, a man who has zero plans for the improvement of this country
Re: Naira Falls To ₦540 Per Dollar by BelovedofLord: 4:32pm On Sep 09, 2021
lonecatt:
The exchange rate is heading to an all time low of #600 per dollar.
May we never have a president like buhari again.

]
Amen!
[
Amen!!
]
Amen!!!

2 Likes

Re: Naira Falls To ₦540 Per Dollar by bjtinz: 4:32pm On Sep 09, 2021
Scary .

Should I be worried??; sad
Re: Naira Falls To ₦540 Per Dollar by Ishilove: 4:32pm On Sep 09, 2021
Jesus Christ.

Emefiele, you do well.
Re: Naira Falls To ₦540 Per Dollar by bjtinz: 4:33pm On Sep 09, 2021
FalseProphet1:
It will fall to N1000 per $1 by 2023.

This I have seen


RETURN TO SENDER!!!!!

1 Like

Re: Naira Falls To ₦540 Per Dollar by Mozegee: 4:33pm On Sep 09, 2021
Exactly
Macphenson:
Buhari has achieved another feat.

What Buhari cannot destroy does not exist.

MANNERBBQGRILLS come and see something.
Re: Naira Falls To ₦540 Per Dollar by Nobody: 4:33pm On Sep 09, 2021
TMTR:
No shaking to those of us earning in dollarscheesy
Thank God say man has no business with Naija forever. I really feel for the indigent people in Nigeria but I can't solve all their problems.
Re: Naira Falls To ₦540 Per Dollar by Nobody: 4:34pm On Sep 09, 2021
Angelfrost:


Mention one appointee of Buhari in any sector who has done well, or is performing above average... Just mention one.

Rotimi Amaechi- Transport
Re: Naira Falls To ₦540 Per Dollar by KillingIsFun: 4:34pm On Sep 09, 2021
Yes o. The South is responsible for all your poverty and wretchedness in Aboki land.
That is how powerful we are grin

osuofia2:
Emefiele why, with Buhari efforts in making the economy stable yet the south keep sabotaging his efforts. Emefiele needs to be fired

2 Likes 1 Share

Re: Naira Falls To ₦540 Per Dollar by nextstep(m): 4:34pm On Sep 09, 2021
goody234:

The CBN economic policies are sound there are smart people in there.. but they fail to realise the human factor and how people react to thier policies...some polices dont need to be announced and just done on a low ,openly telling the country that BDC will not be supplied with foreign currency caused a panic ...

A smart economist that does not consider the human factor - what do we call that? Economics is 90% human factor: by definition it's a social science that studies how people interact with value, focusing on the behavior and interactions of economic agents (i.e. people and businesses (run by people))

2 Likes

Re: Naira Falls To ₦540 Per Dollar by Angelfrost(m): 4:34pm On Sep 09, 2021
ProfAmaben:
I earn in dollars, not bothered

Good...

Hope you are not living in Nigeria too?!!

Cos when the average citizen can't meet up with his basics, crime will soar astronomically... Anger will increase dramatically... Anarchy will eventually set in when the shit finally hits the fan.

Even the highest fences and personal security won't suffice then... It won't matter your status in society. If you're seen to be living comfortably, you become endangered by those with nothing left to lose!!!

So, keep selfishly celebrating the collapse of your nation's economy... Just keep it up!!!

If you have watched the Hollywood movie series titled "The Purge", you will fully catch my drift... If you haven't, try and see them.

Also see the Matt Damon film, "Elysium"!

Watch them and understand the dangerous path this nation is headed under Buhari.

6 Likes

Re: Naira Falls To ₦540 Per Dollar by Nobody: 4:35pm On Sep 09, 2021
Angelfrost:


Good...

Hope you are not living in Nigeria too?!!

Cos when the average citizen can't meet up with his basics, crime will soar astronomically... Anger will increase dramatically... Anarchy will eventually set in when the shit finally hits the fan.

Even the highest fences and personal security won't suffice then... It won't matter your status in society. If you seen to be living comfortably, you become endangered by those with nothing left to lose!!!

So, keep selfishly celebrating the collapse of your nation's economy... Just keep it up!!!
CFA is now officially higher than Naira.

1 Like

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