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Nairaland Forum / Nairaland / General / Business / Naira Falls As Crude Oil Price Declines (7780 Views)
Naira Falls To N370 Per Dollar / Naira Falls To 325 On Dollar Shortage -punch / Value Of Naira Falls; Now 208 Naira To One Dollar (2) (3) (4)
Naira Falls As Crude Oil Price Declines by mukina2: 9:18am On Jul 11, 2012 |
The naira weakened, snapping three days of gains against the dollar as crude, Nigeria’s key export, retreated in New York and London. http://businessnews.com.ng/2012/07/11/naira-falls-as-crude-oil-price-declines/ |
Re: Naira Falls As Crude Oil Price Declines by Nobody: 10:36am On Jul 11, 2012 |
Even with our level of mediocrity, things are still better compared to some African countries. Why CAN'T WE JUST DO THE RIGHT THINGS? And improve. Everyone will be better for it, even the polithieves will have more money legally than they currently steal illegally? Kai.. 5 Likes |
Re: Naira Falls As Crude Oil Price Declines by Okijajuju1(m): 10:39am On Jul 11, 2012 |
This is the beginning of that recession that Okonjo & Sanusi warned us about.. I just learnt that Nigeria has a shitload of Oil that hasnt been sold due to lack of buyers.. No thanks to the U.S reducing their demand for crude, the declining/slow economy of India and China and the new oil discoveries in Ghana and Ivory Coast.. Hard times are fast approaching people.. We were warned... but awoof fuel wouldnt let us hear.. 3 Likes |
Re: Naira Falls As Crude Oil Price Declines by Castos(m): 10:42am On Jul 11, 2012 |
Am still thinking BOKO HARAM and u're talking naira and dollars |
Re: Naira Falls As Crude Oil Price Declines by idirect(m): 10:43am On Jul 11, 2012 |
Hard times coming |
Re: Naira Falls As Crude Oil Price Declines by idirect(m): 10:43am On Jul 11, 2012 |
Fresh Stinking Air Courtesy of the Clueless-in-Charge aka C-in-C 1 Like |
Re: Naira Falls As Crude Oil Price Declines by whoelse1(m): 10:46am On Jul 11, 2012 |
This country is full of shitttttttt!!! It's high time we sacked the so called PDP out of power. These folks have not only sulked us dry but killed our unborn generation as well! 2015 wld decide... |
Re: Naira Falls As Crude Oil Price Declines by Gloriagee(f): 10:53am On Jul 11, 2012 |
Main reason Y the economy shouldn't be so freaking oil dependent...oil isn't the only commodity priced in dollars, abi? We also need to be less import dependent. This just boosts the demand for dollars n d law of DD and SS steps in. Quite tired of preaching to the choir!!! |
Re: Naira Falls As Crude Oil Price Declines by aljharem(m): 11:04am On Jul 11, 2012 |
Well Nigeria is doomed ever since you increase the price of our economic commodity to world price. You should know any thing that happens in the world economically would affect us most especially negative. Na wa for pro subsidy removal without refineries o !!! |
Re: Naira Falls As Crude Oil Price Declines by Castos(m): 11:05am On Jul 11, 2012 |
Okija_juju:For the first time u're making sense 1 Like |
Re: Naira Falls As Crude Oil Price Declines by Solomonadejo(m): 11:13am On Jul 11, 2012 |
Okija_juju:Nice One Bro....#UDeserveABottleOfMalt Its Hightime We stopped Embarrasin n Directin all Fault to our Presido 1 Like |
Re: Naira Falls As Crude Oil Price Declines by Reference(m): 11:15am On Jul 11, 2012 |
Good news for exporters providing swings are not extreme. We can cut our imports particularly of non essentials and we will be fine. Customs, CBN, Ministry of Finance and that of Trade, take note. |
Re: Naira Falls As Crude Oil Price Declines by idirect(m): 11:15am On Jul 11, 2012 |
Okija_juju:And your father is not smart abi? Abi your papa be naija president? Ode oshi 1 Like |
Re: Naira Falls As Crude Oil Price Declines by tunapawizzy: 11:16am On Jul 11, 2012 |
Dis sole dependence on crude oil as our economy driver will run us grounded someday. We import every fvcking thing in this country. Fine lack of power is not encouraging local producers but D little ones that are producing we don't even patronize dem. Especially cloth designers. Everything no be gej alone go do am o. We keep demanding 4 dollar to buy oyinbo product..and now d only product we sell to dem(crudeoil) is crashing. How naira no go suffer am... |
Re: Naira Falls As Crude Oil Price Declines by Okijajuju1(m): 11:19am On Jul 11, 2012 |
idirect: You are a waste of sea-men!! 2 Likes |
Re: Naira Falls As Crude Oil Price Declines by ebamma(m): 11:21am On Jul 11, 2012 |
if naira like make him fall wetin concern me 2 Likes |
Re: Naira Falls As Crude Oil Price Declines by ballabriggs: 11:24am On Jul 11, 2012 |
Even with the fall in oil prices, if the politicians were disciplined, the effect on the naira would be minimal. What do we have? We have politicians spending recklessly thus creating inflationary pressure on the naira. When Ngozi went seeking external loans, it became obvious they were fast loosing reserves. |
Re: Naira Falls As Crude Oil Price Declines by Okijajuju1(m): 11:24am On Jul 11, 2012 |
ebamma: if naira like make him fall wetin concern. Until you start to buy coke 500 Naira na ehn your eyey go clear! |
Re: Naira Falls As Crude Oil Price Declines by idirect(m): 11:32am On Jul 11, 2012 |
Okija_juju:coins dey make noise. paper money no dey shout! Keep ranting dude Ode oshi 2 Likes |
Re: Naira Falls As Crude Oil Price Declines by heed101(m): 11:38am On Jul 11, 2012 |
. |
Re: Naira Falls As Crude Oil Price Declines by raystanley(m): 11:44am On Jul 11, 2012 |
Okija_juju:LET TRAILER CRUSH ALL YOUR GENERATION. YOU THIS ILL-FATED BRAIN!!!. gej was just an oppoturnist fisher man, not a president!! |
Re: Naira Falls As Crude Oil Price Declines by idirect(m): 12:02pm On Jul 11, 2012 |
raystanley: LET TRAILER CRUSH ALL YOUR GENERATION. YOU THIS ILL-FATED BRAIN!!!. gej was just an oppoturnist fisher man, not a president!! @okija mumu is fool I won't dispute that, but U don't need to curse his generation for his foolishness. |
Re: Naira Falls As Crude Oil Price Declines by Chidex2442(m): 12:06pm On Jul 11, 2012 |
I hope dat will nt change d price of garri, yams, rice, beans etc in d market if it does not change nothing concern me o |
Re: Naira Falls As Crude Oil Price Declines by playto(m): 12:23pm On Jul 11, 2012 |
the effect of mono economy is wat u r seeing....one way or another i shal av my deliverance |
Re: Naira Falls As Crude Oil Price Declines by slimming: 12:27pm On Jul 11, 2012 |
They soon start to tell us that the fall in crude oil price the reason for non performance. May God us |
Re: Naira Falls As Crude Oil Price Declines by Michael13(m): 12:27pm On Jul 11, 2012 |
raystanley: LET TRAILER CRUSH ALL YOUR GENERATION. YOU THIS ILL-FATED BRAIN!!!. gej was just an oppoturnist fisher man, not a president!!....hahahah....diss of d day! |
Re: Naira Falls As Crude Oil Price Declines by ebere1712: 12:29pm On Jul 11, 2012 |
Gud riddance to bad rubbish |
Re: Naira Falls As Crude Oil Price Declines by Okijajuju1(m): 12:36pm On Jul 11, 2012 |
raystanley: LET TRAILER CRUSH ALL YOUR GENERATION. YOU THIS ILL-FATED BRAIN!!!. gej was just an oppoturnist fisher man, not a president!! You are weak my friend... Give dissing me another go... Okija juju only responds to brilliantly thought out disses.. |
Re: Naira Falls As Crude Oil Price Declines by Nobody: 12:49pm On Jul 11, 2012 |
Thank God o. I have been waiting for that time when we start barbing our hair with 5,000 naira like Zimbabwe. My happiness is that I still have a stack load of benjys to convert. Lol. 160? NAIJA HAS MADE MY DAY. |
Re: Naira Falls As Crude Oil Price Declines by manny4life(m): 12:49pm On Jul 11, 2012 |
Why are you guys attacking Mmuo_Okija? He said the obvious truth, Nigeria was warned. Like he said, no thanks to the U.S. who no longer buys increased volume of crude not only in Nigeria but Africa in general because most of their refineries in U.S. are packing up. Recession is on the way, and it will hit like a mighty way, while we can still salvage and diversify our economy , the only solution now is for govt to STOP controlling/managing and START regulating and encouraging. Nigeria has great potentials unlike other nations, we just need good, STRONG fiscal policies in place. |
Re: Naira Falls As Crude Oil Price Declines by Nobody: 12:51pm On Jul 11, 2012 |
WE DON'T NEED TO GET ABUSIVE. EVERYBODY HAS EQUAL RIGHT TO AIR THEIR VIEW IN RESPECTFUL MANNER. PLEASE DECORUM. |
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