Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,162,530 members, 7,850,809 topics. Date: Wednesday, 05 June 2024 at 09:28 AM |
Nairaland Forum / Nairaland / General / Business / Naira Falls To ₦540 Per Dollar (26607 Views)
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)
(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)
Re: Naira Falls To ₦540 Per Dollar by Calitoscassius(m): 5:13pm On Sep 09, 2021 |
Nikkganc08:True talk. |
Re: Naira Falls To ₦540 Per Dollar by techWriter1: 5:14pm On Sep 09, 2021 |
Always plummeting like a saggy quan. |
Re: Naira Falls To ₦540 Per Dollar by DrOladipo: 5:14pm On Sep 09, 2021 |
We hope the policies of this administration won’t set our importing economy ablaze soonest. |
Re: Naira Falls To ₦540 Per Dollar by poiZon: 5:16pm On Sep 09, 2021 |
InaNla:There is no good in evil.. Abi do we have good mosquitoes in Nigeria? |
Re: Naira Falls To ₦540 Per Dollar by jakizio42(m): 5:18pm On Sep 09, 2021 |
Dialpad: Wotz the limit per month ryt now? |
Re: Naira Falls To ₦540 Per Dollar by Revolva(m): 5:20pm On Sep 09, 2021 |
am here singing Burnaboy Ye pa pulo ...... |
Re: Naira Falls To ₦540 Per Dollar by TMTR: 5:21pm On Sep 09, 2021 |
Nikkganc08: Don't get me wrong, I am not in any way rejoicing over this news infact I already know all what you explained because we import virtually everything we consume so I know. Let's just say I am indifferent about the whole issue |
Re: Naira Falls To ₦540 Per Dollar by poiZon: 5:23pm On Sep 09, 2021 |
flokii:Who leads the economic team? osinbajo.. Don't u think he should be the one to resign first? Emefiele is coordinating both the monetary and fiscal policy. The madam that is minister of economy is doing her IT... Maybe they r warming her for the position of World Bank sales rep. |
Re: Naira Falls To ₦540 Per Dollar by kechywillz(m): 5:29pm On Sep 09, 2021 |
By December e go reach 1500 to a dollar |
Re: Naira Falls To ₦540 Per Dollar by InaNla(f): 5:32pm On Sep 09, 2021 |
Re: Naira Falls To ₦540 Per Dollar by poiZon: 5:33pm On Sep 09, 2021 |
Modrov:How oil wan rise pass this one? Oil now is 60+ dollar per barrel, it makes a whole lot of sense to us as a country at that price. If crude oil price rises to 130dollar per barrel, we will be finished as a country. Firstly fuel price will rise maybe to 400 to 500naira per litre. If we r paying subsidy, almost all our earnings will go for subsidy payment or underrecovery according to buhari and his lowkey looters. So it will be both a blessing and as well as a curse. Even if dangote refinery come onboard, fuel will still be priced according to international price, reference is what is happening in LPG aka cooking gas. If dangote refines 400k barrels a day, he will want to export 350k barrels so as to make his forex so as to settle most of the debts he has incurred from buildng the refinery. 50k will be left for the country, u ask what will 50k litres of fuel do to Nigerian economy? So at the end, we might still end up importing fuel even with the coming of dangote refinery. Ha modrov na u i quote again.. Its like we need to start brainstorming on how we can fix our country with our little ideas.. |
Re: Naira Falls To ₦540 Per Dollar by essy4060: 5:53pm On Sep 09, 2021 |
FalseProphet1: |
Re: Naira Falls To ₦540 Per Dollar by adebwalex(m): 5:53pm On Sep 09, 2021 |
lonecatt: A Thunderous Ameeeeeeeeeeeeeeeeeeeeeen. 2 Likes |
Re: Naira Falls To ₦540 Per Dollar by Fantazy(m): 6:09pm On Sep 09, 2021 |
What is even responsible for all these every day fall sef? Wetin concern me sef? Make I go prepare my eba chop |
Re: Naira Falls To ₦540 Per Dollar by Chinny024(f): 6:14pm On Sep 09, 2021 |
So,540 is now falls?...When we were promised #1 =1$ Wonder +Wonderment Am only pitying the poor masses... Widows and orphan inclusive... |
Re: Naira Falls To ₦540 Per Dollar by wonderr(m): 6:18pm On Sep 09, 2021 |
Naira now is as useless as the 'p' in psychology |
Re: Naira Falls To ₦540 Per Dollar by KingGBsky(m): 6:24pm On Sep 09, 2021 |
Macphenson: That one na human being? You won’t see that soul reply here.. never! 1 Like |
Re: Naira Falls To ₦540 Per Dollar by PacAmaru: 6:36pm On Sep 09, 2021 |
TMTR:abi bro How's ur baby girl doing? |
Re: Naira Falls To ₦540 Per Dollar by duality(m): 6:41pm On Sep 09, 2021 |
alizma: How ? |
Re: Naira Falls To ₦540 Per Dollar by Comedian2019: 6:45pm On Sep 09, 2021 |
APC people can come and buy theirs at #190. Just shout Sai babar! I'll sell for you at #40 Mumu people. |
Re: Naira Falls To ₦540 Per Dollar by Oyerinde16(m): 6:46pm On Sep 09, 2021 |
I changed money today and I almost cried, this 110 Euros cost #71,140 naira... And the 2 dollars cost #1,068...
|
Re: Naira Falls To ₦540 Per Dollar by Comedian2019: 6:47pm On Sep 09, 2021 |
Macphenson:The miscreant will not raise his ugly head here. His 30k monthly allowee is getting useless by the day. |
Re: Naira Falls To ₦540 Per Dollar by Comedian2019: 6:49pm On Sep 09, 2021 |
lonecatt:Ameeeeeen! 1 Like |
Re: Naira Falls To ₦540 Per Dollar by t2luv1: 6:57pm On Sep 09, 2021 |
osuofia2: The man is incompetent. The man must have failed economy section regarding supply and demand. You initiated a ban when the currency was trading @ 450 now its @540. Why were the changes initiated again. To lower the exchange rate right. You turned off supply of Forex and now demand is putting squeeze on the supply. Tell yaa wonder will never ceased to exist in that Kosi Kosi country. Kosi Owo, Kosi water, Kosi money you getting my drift |
Re: Naira Falls To ₦540 Per Dollar by grandstar(m): 6:58pm On Sep 09, 2021 |
This slide is what you get when a layman is in charge of Forex policies. PMB, a man whose understanding of economics borders on the disturbing dictates how foreign exchange is dispersed. Emefiele, the CBN governor, rather than tell off the president from politically meddling in the Banks affairs has instead, timidly been taken dictates from PMB. I won't be surprised if the rate hits 600 soon. 1 Like |
Re: Naira Falls To ₦540 Per Dollar by KrazyDave16(m): 7:00pm On Sep 09, 2021 |
For those getting paid in $, this doesn't bother us |
Re: Naira Falls To ₦540 Per Dollar by t2luv1: 7:03pm On Sep 09, 2021 |
Comedian2019: This is not PMB fault it is your CBN chairman fault, He is a banker and he has been doing everything to benefits the banks. |
Re: Naira Falls To ₦540 Per Dollar by Nobody: 7:03pm On Sep 09, 2021 |
poiZon: The only way we can afford subsidy is if we tax everyone...from the very rich to the very poor. |
Re: Naira Falls To ₦540 Per Dollar by Dollywood(m): 7:11pm On Sep 09, 2021 |
TMTR: I earn in dollars too, and it's practically same, because foodstuffs, and others price will hike, and the money when exchanged to naira gets finished quickly. 1 Like |
Re: Naira Falls To ₦540 Per Dollar by Selfmotivated: 7:13pm On Sep 09, 2021 |
Bad day after bad day... |
Re: Naira Falls To ₦540 Per Dollar by dapadawee: 7:22pm On Sep 09, 2021 |
[quote author=potland post=105649857] https://gazettengr.com/just-in-naira-falls-to-n540-per-dollar/ [/quo Buhari go imo go change dollar |
Re: Naira Falls To ₦540 Per Dollar by grandstar(m): 7:27pm On Sep 09, 2021 |
Dialpad: Lamido Sanusi said that the official rate and the parallel market rate should not have a differential of more than 3%, that any differential higher than that will lead to sharp practises. Sanusi kept it within this band when he was governor. However, under Buhari, it has always been more than 3%. Why? Because Buhari does not believe in devaluation. So, if the price of oil should drop, he wants the exchange rate to remain the same. When the CBN can not supply enough forex at the official rate, they turn to the black market rate and that begins to widen the gap between theofficial rate and the black market. An Economist said Buhari's policies ignore the supply side. Who will supply dollars at the official rate? Will you? No one will. 1 Like |
(1) (2) (3) (4) (5) (6) (7) (8) (Reply)
Dollar Hits All-time Low, Crosses N1,500 At Official Market / Next Cash And Carry Supermarket Still On Fire, 24 Hours After / The Nigerian Bank That Operates The Best Kiddies' Account.
(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. 43 |