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Nairaland Forum / Nairaland / General / Business / FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom (22094 Views)
Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN / Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension / Economic Crisis: Naira To Fall Further In January, Says CBN Report (2) (3) (4)
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FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by iwaeda: 7:37am On Oct 11, 2023 |
•Forex crisis hinders raw materials procurement, causes financial problem – NECA •SMEs decry impending shutdown, Reps probe airlines, schools demanding dollars The naira fell further on Tuesday as it exchanged for the dollar at the parallel market between 1,005/$ and 1,025/$. https://punchng.com/forex-crisis-naira-plunges-to-1025-job-losses-factory-shutdown-loom/ 6 Likes 1 Share
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Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Racoon(m): 7:42am On Oct 11, 2023 |
Renewed, reloaded, and upgraded shege promax fully revised. And the balabloo-blu-bulava Lagos economic expert Tinuboeconomics misfortune and woes continues. He did it woefully in Lagos with the stupendous IGR and left it in an unimaginable debt burden state. But I guess him and his zombies said "nah statistics we go chop"? Now, the statistics is hitting them hard. Baba Tosibe CSU diploma certificate forger is a disaster unleashed after Buhari. Nigerians continue to brace for impact. The ride is getting more gwnopy, gwonpy. 256 Likes 23 Shares |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by KendoRide: 7:42am On Oct 11, 2023 |
Na like this we dey dey ? 63 Likes |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by TONY042(m): 7:42am On Oct 11, 2023 |
Renewed shege banza 131 Likes 4 Shares |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by iwaeda: 7:42am On Oct 11, 2023 |
Tinubu economic wizard. You will understand when it is N2500 to dollar. Yet some wicked and senseless people will be defending useless politicians, while their children use the private jets. . 232 Likes 18 Shares |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Bliss52: 7:43am On Oct 11, 2023 |
Thank Allah Alhamdulilai My next cash out go Go boy, e go plenty Best news ever If you cashout just $100 na 100k If you cashout just $1000 na #1m Go and learn KDP publishing and write a book Go and learn yahoo yahoo and cash out small small amount Go and learn Affiliate marketing. Go and learn Forex Go and learn Canva graphics designing Learn Charcoal exporting . 26 Likes 2 Shares |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by lokotamak(m): 7:43am On Oct 11, 2023 |
See as dollars hold Nigerian economy Blokos, Even with all the tinubu permutation self. And na common man dey suffer this pass 67 Likes |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by grandstar(m): 7:43am On Oct 11, 2023 |
The CBN has to increase interest rates to a level it can start slaying inflation. If done, the Naira would become stronger. I won't be surprised if it hits about 800. However, it's as though Tinubu is worried that any steep rate rise lest it tilts the economy into a recession. This is inescapable. With a stronger Naira and lower inflation, the positive effect would outweigh the any recession or downturn it brings. Cheaper prices are like a God send. The CBN needs to open up to how much is in the foreign reserves. The government has kept mum about it. If the rumor that it has fallen to $4bn is true, the country might have no choice but to approach the IMF 11 Likes 3 Shares |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by DrAkpamudehe: 7:43am On Oct 11, 2023 |
Agbadorian economic policies in full swing. . This too shall pass 105 Likes 2 Shares
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Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by KAM3KAZI: 7:43am On Oct 11, 2023 |
How the fork do we keep getting it wrong 17 Likes |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by shopwiser: 7:43am On Oct 11, 2023 |
The ìdiot doesnt clearly knows what he is doing on that seat. The suffer just start make una relax lol.. keep voting nonsense into power using tribal sentiment.. body go tell una 127 Likes 8 Shares |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Justbehave(m): 7:44am On Oct 11, 2023 |
APC is an embarrassment. Tueh. See Wetin tribalism do us for this country. 75 Likes 5 Shares |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Baba4kinatu(m): 7:44am On Oct 11, 2023 |
Tinubu has the right formula to drag Nigeria back to the stone age. How come the worst governor in the history of Lagos is our most preferred option as president. Power of packaging 111 Likes 2 Shares |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Nobody: 7:44am On Oct 11, 2023 |
APC's change 6 Likes |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Gggjhhj: 7:44am On Oct 11, 2023 |
Naira fit hit 2k ds year SEF, stupid leaders 18 Likes 2 Shares |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by TOPCRUISE(m): 7:44am On Oct 11, 2023 |
When $1 was equal to N197, they say if Nigerians vote for them they will make $1=N1. Nigerians voted for them. They say imports is causing naira devaluation, Because of that they ban imports of rice and consumables and made Nigerians go hungry. They say BDC are the ones hoarding dollars. Because of that they end sale of foreign exchange to them. They say naira will do better if we become cashless and do away with old naira notes, Emefiele tortured us by doing that, yet inflation soared. They say naira will do better if we remove fuel subsidy. Subsidy removal has made matters worse. $1 is now equal to N1025. You must be sick if you vote APC and you are still condemning APC. 138 Likes 9 Shares |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by GboyegaD(m): 7:44am On Oct 11, 2023 |
Yet the president and his cohorts are oblivious of this. I hope things get better and we find a way to promote export and also, remove the ban on consumable food imports pending when we have a solid plan to start producing. 12 Likes |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by ResidentSnitch(f): 7:44am On Oct 11, 2023 |
First class in Accountancy indeed! 66 Likes 2 Shares |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Funkyswagzz(m): 7:44am On Oct 11, 2023 |
Hmm what really shocked me was when I wanted to buy some goods yesterday I just realized that it's over 200% increase in price. This country is sinking very fast. Forget about that nonsense strategist crap tinubu sold to his minions he is worse than buhari. Such an empty skull 97 Likes 3 Shares |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Dyfynezz12(m): 7:44am On Oct 11, 2023 |
Everyday we wake up to more bad news. Just wondering when it will end 6 Likes |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Nobody: 7:44am On Oct 11, 2023 |
We warned them. Where are the agbado miscreants? They will blame Buhari and Jonathan, or even Obasanjo. 57 Likes 2 Shares |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Skepticus: 7:45am On Oct 11, 2023 |
It will be an extraordinary miracle and great surprise if 1 Dollar does not hit N2000 by the time this clueless administration is done, with Nigerians. 23 Likes 1 Share |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by ademolajubril: 7:45am On Oct 11, 2023 |
May God help this country.. 2 Likes |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by flyinnizam(m): 7:45am On Oct 11, 2023 |
Tinubu na scam. yoruba ronu over to you 37 Likes 3 Shares |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by lightwind(m): 7:45am On Oct 11, 2023 |
What is really the cause of this ? |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Joshcoli(m): 7:46am On Oct 11, 2023 |
May we not miss Buhari 8 Likes 2 Shares |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Millz404(m): 7:46am On Oct 11, 2023 |
Vote reasonable person, them say no. Them think say them dey do person. 38 Likes |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by NairaMaster1(m): 7:46am On Oct 11, 2023 |
Toto don the grow biya biya 1 Like |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by orriyomi33(m): 7:46am On Oct 11, 2023 |
E je ki a fi okun fa Dolla wale. 😏😏 1 Like |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Paraman: 7:46am On Oct 11, 2023 |
Tinubu what's happening nah |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by tesppidd: 7:46am On Oct 11, 2023 |
It is my turn! Emilokaaaaan!!! 16 Likes |
Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by specialmati(m): 7:46am On Oct 11, 2023 |
the wise men from the east knows that the old analog man is not updated with this century economics.they avoided him and some mudafuckers thought its hate. you dont hate someone that has nothing to offer.dollar may hit 1500 before july next year if this man is retain. i thought buhari was the baddest but we have the worst now supported by imported assholes from hell 38 Likes 1 Share |
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