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Naira Now 172 Naira To A Dollar. Why? - Business - Nairaland

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Naira Now N225 In Paralllel Market On Friday 25th June 2015 / Devaluation: Naira Now N183 To The Dollar / Naira Now N166 To $1. Can Someone Tell Me What Is Happening? (2) (3) (4)

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Naira Now 172 Naira To A Dollar. Why? by mayorall(m): 4:39pm On Nov 13, 2014
Naira is now ₦172.4.
Naija which way?
External reserve depletion or stealing?.

http://ngn.fxexchangerate.com/

13 Likes 3 Shares

Re: Naira Now 172 Naira To A Dollar. Why? by stevolinkon40: 4:44pm On Nov 13, 2014
mayorall:
Naira is now #172.4. Naija which way?. External reserve depletion or stealing?.



ngn.fxexchangerate.com/
i was charged 174.504 to a dollar. first bank mastercard today on ebay

6 Likes 1 Share

Re: Naira Now 172 Naira To A Dollar. Why? by mayorall(m): 4:47pm On Nov 13, 2014
Wow I made FP

special dedication to my lady *missmayorall*. My business partner *kennyman20* . My business friends. ymodulus, mcfynest, youngzedd, madam Tyconcepts, merit, oga steven. My pb buyers, ojestas, oga damc, octavo, juwonmannia, rasco, Beckham. And many I can't remember. Special thanks to my CSO (walker). My six months old GSD


Now feeling on top of the world, good news just hit me from Asia, my goods had arrived gringrin. Good news on nairaland. nairaland FP is intoxicating. grin. I never knew this is how it is until I hit FP the second time.


To those that are jealous of me , You will also hit FP in the nearest future, just a matter of timegringringrin

Long live seun

long live the mod and super mods

Long live nairaland

Long live Nigeria

30 Likes 2 Shares

Re: Naira Now 172 Naira To A Dollar. Why? by Seye25(m): 4:48pm On Nov 13, 2014
why this time. i tried to send some cash to dubai and i was charged 175naira... e pain me

1 Like 1 Share

Re: Naira Now 172 Naira To A Dollar. Why? by Tallesty1(m): 4:49pm On Nov 13, 2014
stevolinkon40:
i was charged 174.504 to a dollar. first bank mastercard today on ebay
Same here.

UBA master card on godaddy.

3 Likes

Re: Naira Now 172 Naira To A Dollar. Why? by stevolinkon40: 4:53pm On Nov 13, 2014
mayorall:




If you dare try at this time. You fit enter gbese o cheesy cheesy It will be as high as #180 with banks now.
180? Whats the way forward on this o..its damn too high. i think legalwealth (preseg) maybe able to help

2 Likes

Re: Naira Now 172 Naira To A Dollar. Why? by Nobody: 4:55pm On Nov 13, 2014
Crazy, on a side note, has anyone ever tried to change naira outside Nigeria before?

I tried it once, and could not succeed.

1 Like 1 Share

Re: Naira Now 172 Naira To A Dollar. Why? by mayorall(m): 4:55pm On Nov 13, 2014
Seye25:
why this time. i tried to send some cash to dubai and i was charged 175naira... e pain me


At what time sir?.
Re: Naira Now 172 Naira To A Dollar. Why? by edogirl2: 4:56pm On Nov 13, 2014
If Naira is allowed to float and find its 'natural' level it will hit $200 before the elections.
I hope oil prices recover a bit otherwise the CBN will be run out of town trying to support the naira.

4 Likes

Re: Naira Now 172 Naira To A Dollar. Why? by Abagworo(m): 5:00pm On Nov 13, 2014
Whose fault? Our leaders who have wasted these past 9 years of high oil price to enrich their pockets without remembering the dooms day. My prayer is that we experience paradigm shift next year so that less focus will be on oil and subsidy stealing will end.

49 Likes 2 Shares

Re: Naira Now 172 Naira To A Dollar. Why? by MyMouth(m): 5:03pm On Nov 13, 2014
Outcome from 16 years of misrule by PDP angry

122 Likes 4 Shares

Re: Naira Now 172 Naira To A Dollar. Why? by paranorman(m): 5:04pm On Nov 13, 2014
Mehn, this is worrying..

3 Likes 2 Shares

Re: Naira Now 172 Naira To A Dollar. Why? by Eghosa1(m): 5:04pm On Nov 13, 2014
Oil's crash continues to hurt Nigeria. Let's hope the CBN intervenes quickly. Since the start of November, we've lost against the dollar at an alarming pace. Our reserves clearly can't help. Other Measures have to be put in place clearly.

11 Likes

Re: Naira Now 172 Naira To A Dollar. Why? by edogirl2: 5:08pm On Nov 13, 2014
Corruption is clearly a massive problem with this administration but it is difficult to re-engineer an addiction (to oil) in one or even two administrations.

Fundamental restructuring of the economy away from over - dependence on oil should have started earnestly a long time ago. At least from OBJ's time.

And it requires a well thought - out National Industrial Policy that survives from administration to administration.

17 Likes

Re: Naira Now 172 Naira To A Dollar. Why? by Nobody: 5:09pm On Nov 13, 2014
I received WU Today via quickteller and got Credited @171 per dollar. cool cool cool cool It is good in a way tho, Nobody should quote me sha, More reason why you should embrace Foreign Investment, mostly in Real Estate

5 Likes 1 Share

Re: Naira Now 172 Naira To A Dollar. Why? by surveyProf(m): 5:11pm On Nov 13, 2014
I think the fault is as a result of excess demand for dollars from importers and frm the economics point of view, when there is more import than export, there is unfavourable balance of payment, likewise the falling prices of oil too, it will get back to normal soonest, i.e Cbn pegging the dollars.

9 Likes

Re: Naira Now 172 Naira To A Dollar. Why? by atlwireles: 5:14pm On Nov 13, 2014
There's no need wasting the reserves supporting the Naira. Allow the currency, find its true value. The implications are less today, than they were years back. Nigeria has a strong growing non oil export market, this will only help that sector.

5 Likes

Re: Naira Now 172 Naira To A Dollar. Why? by jcflex(m): 5:20pm On Nov 13, 2014
still fresh air

51 Likes 1 Share

Re: Naira Now 172 Naira To A Dollar. Why? by Nobody: 5:20pm On Nov 13, 2014
This isn't a surprise to me... We have been shouting that the economy is falling apart and some people interpret it to be hate. As patriotic people, we must salvage the economy. The PDP is a bad market, and it is worse since the last 5 years,

Let's make the Change

77 Likes 2 Shares

Re: Naira Now 172 Naira To A Dollar. Why? by datguru: 5:21pm On Nov 13, 2014
I like it

2 Likes 1 Share

Re: Naira Now 172 Naira To A Dollar. Why? by mcdokwe(m): 5:21pm On Nov 13, 2014
Economic dynamism, currencies rise and fall and this is mostly influenced by the strength of a nations exports. ( I may be wrong though)
Re: Naira Now 172 Naira To A Dollar. Why? by kingzjay(m): 5:21pm On Nov 13, 2014
The corruption in this country has reached n unprecedented level. Our leaders are so bent on stealing Naira and flying it abroad. Truly our currency has NO value.







GOD HELP US!!!

8 Likes

Re: Naira Now 172 Naira To A Dollar. Why? by QMark: 5:21pm On Nov 13, 2014
Why? Are u asking me? I resemble GEJ?

8 Likes

Re: Naira Now 172 Naira To A Dollar. Why? by Youngzedd(m): 5:21pm On Nov 13, 2014
Odikwa very risky.


I see it coming.


Now

1 US Dollar equals
172.55 Nigerian Naira

1 Share

Re: Naira Now 172 Naira To A Dollar. Why? by Sezua(m): 5:21pm On Nov 13, 2014
signs of igbeyin aye

1 Like

Re: Naira Now 172 Naira To A Dollar. Why? by stinggy(m): 5:21pm On Nov 13, 2014
Motherland finally bankrupted cry

And every now and then you'll see NOI blabbing and quoting bizarre figures. Walahi, we've been sold for pittance.

GEJ is really fulfilling his destiny - To bankrupt and balkanize Nigeria. It will only get worse!

27 Likes

Re: Naira Now 172 Naira To A Dollar. Why? by MZdamola(f): 5:21pm On Nov 13, 2014
Cos its bound to happen... why ask us?

1 Like 1 Share

Re: Naira Now 172 Naira To A Dollar. Why? by clara472: 5:21pm On Nov 13, 2014
Boko Haram invades Askira, Wamdiyo in Borno

ASKIRA IS 2HRS 15 MINS FROM MAIDUGURI. DUG UP THE MAP FROM GOOGLE EARTH

Source: http://www..com.ng/index.php/national-news/item/1300-boko-haram-invades-askira-wamdiyo-in-borno

1 Like

Re: Naira Now 172 Naira To A Dollar. Why? by gen2briz(m): 5:22pm On Nov 13, 2014
This fresh air na baba...

1 Like

Re: Naira Now 172 Naira To A Dollar. Why? by sammycarz(m): 5:22pm On Nov 13, 2014
Dis is good news for yahoo boys

21 Likes 2 Shares

Re: Naira Now 172 Naira To A Dollar. Why? by timpaker(m): 5:22pm On Nov 13, 2014
Devalue the naira?

2 Likes 2 Shares

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