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Nairaland Forum / Nairaland / General / Business / Naira Tumbles To 980/Dollar, FX Shortage Worsens (19968 Views)
BDCs Now Buying Dollar At ₦980 — ABCON President / Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate / Naira Tumbles By 51.95% Despite Cbn’s Defence Measures (2) (3) (4)
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Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by BigIyanga: 4:09am On Sep 22, 2023 |
being:Population has no direct correlation to savings. Naija saved close to $80bn under OBJ ( ECA and Foreign Reserves)… but subsequeng govts went on spending spree 1 Like 1 Share |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by okoroemeka(m): 4:25am On Sep 22, 2023 |
festacman:production is the key, anything possible to do to reduce using dollar for massive importation must be done, electricity must be improved,good roads,ease of doing business,SMEs must be supported and fresh radical ideas needed, agriculture must also be an export engine to other African countries,the failure of government is the major cause of this rise when we rely on Singapore that is 11,000 km away to refine our oil and we buy it back with dollars when we have idle refineries at home,this is treasonable economic sabotage,if we don't move from consumption to production there is no hope for our country 2 Likes |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by Okechinwadike: 4:53am On Sep 22, 2023 |
Yorubas how far? |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by shugamummy: 5:15am On Sep 22, 2023 |
Calling on Mannabbq Grills to come and twerk for his Darling Daddy whom he promised us is the savior of Naija. Nigeria is a cash cow that must be milked. The moment you realise no one is building anything for the future of anything called Nigeria, you would be at peace with all these evil news. |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by maxzzo1(m): 5:43am On Sep 22, 2023 |
Just like naira malians |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by Gerrard59(m): 5:51am On Sep 22, 2023 |
Great news for exporters. I really wish it continues like this for the foreseeable future. |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by ufotunang: 5:51am On Sep 22, 2023 |
OkCornel:.. nigeria importing iron and steel when we have ajaokuta steel company that has not worked since it was established at 1979 ....44 years..that ajaokuta steel alone can generate a lot of dollars, foreign currencies into the country if the company was working and exporting iron and steel 3 Likes 2 Shares |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by Gerrard59(m): 5:52am On Sep 22, 2023 |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by Gerrard59(m): 5:54am On Sep 22, 2023 |
Nazgul: Even the oil sef, vandals conniving with the navy have prevented us from meeting OPEC quotas. This is what Tinubu should have fought and talked to Buhari about, but he was shouting EmiLokan. 3 Likes |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by Gerrard59(m): 6:00am On Sep 22, 2023 |
kelvinovie25: That is not entirely true. There are agricultural products Nigeria exports in large quantities. The problem is that we don't process them to finished products so generate more value from them. But for exports? We gain quite well from what we export. 1 Like |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by ufotunang: 6:01am On Sep 22, 2023 |
OkCornel:... nigerians and politicians to reduce the way they travel to abroad for medical treatment and also travel to abroad to school at foreign universities...this makes the dollars to rise and weakens the naira . It's makes the demand for dollars will be high ...we should value what we have in this country and not to travel to abroad for medical treatment and to school abroad...I know the education sector and health sector is bad in nigeria that is why the government should improve the standard of our education sector and health sector to reduce and avoid all this traveling abroad for it 2 Likes 1 Share |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by ufotunang: 6:05am On Sep 22, 2023 |
The solution is nigeria to be a producing economy..an industrialized country...more exportation and less importation...and nigerians and politicians to reduce the way they travel to abroad for medical treatment and also travel to abroad to school in foreign universities...all this increase the demand for dollars and makes the exchange rate for dollars to rise and weakens the naira 2 Likes |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by ufotunang: 6:06am On Sep 22, 2023 |
The economy started to be bad and destroyed when APC entered power... nawaoooo 1 Like |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by Blackdisciple(m): 6:22am On Sep 22, 2023 |
When a good leader rules the people rejoice, but when a bad leader rules the people mourn. It is baba destiny to bury nigeria... 1 Like |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by Goalnaldo(m): 6:28am On Sep 22, 2023 |
festacman:give him a chance. I myself admire you. You are a right thinking individual 🙌 |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by Theunderman: 6:40am On Sep 22, 2023 |
ufotunang:This stuff won't work fully cos of politics 1 Like |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by Nobody: 6:45am On Sep 22, 2023 |
Where's that oduduwpig who always dedicate 🎵 in italics? Oya come and dedicate Renewed Shege by Hashuwajju Ebola 1 Like |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by wittywriter: 7:01am On Sep 22, 2023 |
benalvino3:The difference is that since 2019 Dec 23rd to be precise i don't buy power, ask next time don't assume solar is available for shipment and installation via DIY. Wittyness |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by VeeVeeMyLuv(m): 7:02am On Sep 22, 2023 |
OkCornel:Bros don't blame masses These leader are supposed lead the way, by example by conscious honest deliberate efforts to turn from import dependent consumerism nation into self reliant industrial nation |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by SaLongs1(m): 7:04am On Sep 22, 2023 |
okeysoninv:It will only get worse as long as these people keep going on religious tourism couched in the name of pilgrimage, medical tourism, hidding of ill-gotten wealth tourism and all other avenues of wasting scarce foreign reserves. 2 Likes |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by wittywriter: 7:07am On Sep 22, 2023 |
newwise1:SMH @your display of ignorance...that extra expence is covered by same extra i get from the converted $ i earn...next time ask question(s) to learn and stop been vulgar. VeeVeeMyLuv:...sis /bro TGIF enjoy the weekend ahead. newwise1:I'm a virtual expatriate since 2019...best life/work decision i made...even if it's a dollar to naira exchange rate i'm unperturbed...if you don't get it let's forget it. newwise1:@d emboldened i disagree because it is making me live averagely rich. For example i only need $1,000(my average monthly earning) which is almost a million naira...how many average nigerians like me earn close to a million as salary monthly? UnfairLife7: VeeVeeMyLuv:You guys should take it easy...so many of such NLers are like that...you both got me cracked up with laughter...lolz Wittyness 2 Likes 1 Share |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by VeeVeeMyLuv(m): 7:12am On Sep 22, 2023 |
wittywriter:Don't mind him |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by oyeb15: 7:19am On Sep 22, 2023 |
Everything got worse despite his subsidy removal. He better bring back subsidy before Nigerians boot him out with protest 1 Like |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by UnfairLife7(m): 7:22am On Sep 22, 2023 |
newwise1:Lol Ignorance will not kill you guys. Olodo calling someone olodo🤣 1 Like |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by VeeVeeMyLuv(m): 8:18am On Sep 22, 2023 |
UnfairLife7:It is the confidence for me The boldness in which he uses to display his brazen ignorance |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by OkCornel(m): 9:08am On Sep 22, 2023 |
VeeVeeMyLuv: Okay, let’s blame the government and expect the naira to appreciate ✌️ |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by LEGHEND(m): 9:09am On Sep 22, 2023 |
festacman: Una neva see anything 1 Like |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by OkCornel(m): 9:10am On Sep 22, 2023 |
IamAsiri: Demand and supply. Less pressure on demand for dollars to import commodities. If demand for foreign currency falls, exchange rate will improve. |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by Revolva(m): 9:50am On Sep 22, 2023 |
Wahala de dis country oooooooo hunger go rampant oooo e go enter 1k by october to greet una happy independence day |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by citizen202(m): 10:10am On Sep 22, 2023 |
TemplarLandry:what where you expecting Agbadorians |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by APOPTOSIS: 10:16am On Sep 22, 2023 |
I won't release my Letter of Appreciation until it gets to #1000 for $1. |
Re: Naira Tumbles To 980/Dollar, FX Shortage Worsens by Memyselfu2009(m): 10:26am On Sep 22, 2023 |
wittywriter: I need a remote job badly |
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