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Naira Weakens Against Dollar - Vanguard - Business - Nairaland

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Naira Weakens Against Dollar - Vanguard by Beress(m): 7:41pm On Aug 15, 2016
The Naira on Monday depreciated against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports.

The Nigerian currency lost N3 to exchange at N393, from N390 posted on Friday; while it traded at N505 and N435 against the Pound Sterling and the Euro respectively.

At the Bureau De Change (BDC) segment of the market, the naira closed at N385, N505 and N420 against the dollar, Pound Sterling and the Euro, respectively.
The naira appreciated at the official interbank market to close at N317.34, from N320.25 posted on Friday.

Traders at the market said that the demand for the greenback was still on the high side.
NAN reports that the market was eagerly awaiting the sale of forex by banks to BDCs during the week.

http://www.vanguardngr.com/2016/08/naira-dips-dollar-2-2/

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Re: Naira Weakens Against Dollar - Vanguard by Beress(m): 7:43pm On Aug 15, 2016
Kikikiki.... I laugh in Swahali grin grin

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Re: Naira Weakens Against Dollar - Vanguard by LudaChriz(m): 7:44pm On Aug 15, 2016
The worst government ever liveth being piloted by the chief dullard himself

2 Likes

Re: Naira Weakens Against Dollar - Vanguard by Lsofdk(m): 7:46pm On Aug 15, 2016
where are we headed for undecided

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Re: Naira Weakens Against Dollar - Vanguard by Proudlyngwa(m): 7:47pm On Aug 15, 2016
Most of our purchases outside fuel is from China, why we are still buying the dollar is a mystery to me.
Re: Naira Weakens Against Dollar - Vanguard by Oluwabusobomi(f): 7:49pm On Aug 15, 2016
I still can't believe it that some people were raining all sort of curses on GEJ when dollar was below N250.

It will never be well with all those people, including the chief dullard and El Rufai

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Re: Naira Weakens Against Dollar - Vanguard by LudaChriz(m): 7:54pm On Aug 15, 2016
Lsofdk:
where are we headed for undecided

Somalia grin grin

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Re: Naira Weakens Against Dollar - Vanguard by greatgod2012(f): 7:59pm On Aug 15, 2016
Nigeria is in ........

a. America.
b. Asia.
c. Africa.
d. Trouble.


Your final answer is.........

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Re: Naira Weakens Against Dollar - Vanguard by Beress(m): 8:01pm On Aug 15, 2016
I think APC needs to publicly apologise to GEJ for the most uncivilized, callous and inhuman way they criticised against him while he was the President.
What is happening now is no longer ordinary!

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Re: Naira Weakens Against Dollar - Vanguard by onespecial(m): 8:03pm On Aug 15, 2016
Wanna use this opportunity to tell my wasted neighbours that North has seen the hand writing on the wall and are preparing for the inevitable.



There are presure here and there as there is no going back on Biafra. Northerners are getting themselves prepared, trying to see if they can find oil to rely on when the inevitable Biafra comes.


Afonjas should keep mouthing against Biafra.

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Re: Naira Weakens Against Dollar - Vanguard by Oluwabusobomi(f): 8:03pm On Aug 15, 2016
Beress:
I think APC needs to publicly apologise to GEJ for the most uncivilized, callous and inhuman way they criticised against him while he was the President.
What is happening now is no longer ordinary!

I think there is wisdom in this!

Meanwhile, every bad news about this evil govt gives me joy cheesy

Oluwabusobomi.., what about you grin

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Re: Naira Weakens Against Dollar - Vanguard by greatgod2012(f): 8:06pm On Aug 15, 2016
Beress:
I think APC needs to publicly apologise to GEJ for the most uncivilized, callous and inhuman way they criticised against him while he was the President.
What is happening now is no longer ordinary!




But their pride will not allow them.



This is a typical "what goes around comes around"

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Re: Naira Weakens Against Dollar - Vanguard by Nobody: 8:08pm On Aug 15, 2016
This happened after the VP met with his economics teacher angry

So when Buhari meets his social studies teacher, the naira would touch N500 to a US Dollar.

Useless government...I was warned, I did not hear.

Lord forgive my sins against the former President and their supporters. cry

But where is lalasticlala now, its almost over for N500 note.

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Re: Naira Weakens Against Dollar - Vanguard by Nobody: 8:11pm On Aug 15, 2016
Yes, the Naira will continue to weaken because Nigeria is still an import based country
But imagine for a second that our country Export items just the way we import items, the middle class of Nigeria economy directly contributing to the countries foreign reserves through exports, the Naira stops falling because demand for dollar has reduced, our reserves will grow exponentially because we now consume locally made food, More people embrace entrepreneurship together with the injection of FDI to drive down the rate of unemployment, although i'm tempted to say it all begins with you and me but even i know thats a lie. Its starts with the government. Socialism is dead. Long live capitalism.

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Re: Naira Weakens Against Dollar - Vanguard by 12Monkeys: 8:12pm On Aug 15, 2016
Proudlyngwa:
Most of our purchases outside fuel is from China, why we are still buying the dollar is a mystery to me.

Is it now you are realizing this?


Buhari was propped up by Washington to ensure we stick to the dollar.


If he dares stray from the dollar then that is the end of his presidency, his life and the unity of Nigeria.

Ask Jonathan why the US stopped buying our crude after he declared diversifying our foreign reserves from the dollar in preference for BRIC currencies.

We warned una that this day will com but una no listen.

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Re: Naira Weakens Against Dollar - Vanguard by LudaChriz(m): 8:12pm On Aug 15, 2016
Beress:
I think APC needs to publicly apologise to GEJ for the most uncivilized, callous and inhuman way they criticised against him while he was the President.
What is happening now is no longer ordinary!

While GEJ was there, APC, through their e-thugs used every available opportunity to molest him, the NgeneUkwunes' on Nairaland registered thousands of monikers just to dehumanise GEJ. Now is the pay back time for them.

Thunder blow all zombies and their dullard president

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Re: Naira Weakens Against Dollar - Vanguard by dunkem21(m): 8:13pm On Aug 15, 2016
Keneking:
This happened after the VP met with his economics teacher angry

So when Buhari meets his social studies teacher, the naira would touch N500 to a US Dollar.

Useless government...I was warned, I did not hear.

Lord forgive my sins against the former President and their supporters. cry

But where is lalasticlala now, its almost over for N500 note.


Welcome home, prodigal son..

Go and sin no more cheesy

1 Like

Re: Naira Weakens Against Dollar - Vanguard by Oluwabusobomi(f): 8:19pm On Aug 15, 2016
dunkem21:



Welcome home, prodigal son..

Go and sin no more cheesy

cheesy cheesy

Meanwhile, here are NgeneUkwune, omenka, PassingShot at the moment...

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Re: Naira Weakens Against Dollar - Vanguard by 12Monkeys: 8:23pm On Aug 15, 2016
PPAngel:
Bola Tinubu, Obasanjo and Buhari have mortgaged us and our children to the devil. Obama is an evil man. History of America relations to black nations like Haiti should serve as a standing warning to all.

Watch how change will come to the land in form of groaning austerity, job cuts, US sanctioned corruption of the Buhari govt and massive debt.

We warned you but you were to daft to listen
Re: Naira Weakens Against Dollar - Vanguard by omenka(m): 8:28pm On Aug 15, 2016
Oluwabusobomi:

cheesy cheesy

Meanwhile, here are NgeneUkwune, omenka, PassingShot at the moment...
Wow!! This is such a wonderful comment. Your mom must really be proud of you. smiley
Re: Naira Weakens Against Dollar - Vanguard by Oluwabusobomi(f): 9:13pm On Aug 15, 2016
omenka:
Wow!! This is such a wonderful comment. Your mom must really be proud of you. smiley

tongue

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Re: Naira Weakens Against Dollar - Vanguard by LudaChriz(m): 9:17pm On Aug 15, 2016
Lalasticlala pls do something
Re: Naira Weakens Against Dollar - Vanguard by omenka(m): 10:04pm On Aug 15, 2016
Oluwabusobomi:

tongue
You are too darn boring abeg.

TonyeBarcanista might fancy someone like you. I'm taken. Very unavailable.

Bye.
Re: Naira Weakens Against Dollar - Vanguard by Oluwabusobomi(f): 10:32pm On Aug 15, 2016
omenka:
You are too darn boring abeg.

TonyeBarcanista might fancy someone like you. I'm taken. Very unavailable.

Bye.

2 Likes

Re: Naira Weakens Against Dollar - Vanguard by TonyeBarcanista(m): 6:39am On Aug 16, 2016
omenka:
You are too darn boring abeg.

TonyeBarcanista might fancy someone like you. I'm taken. Very unavailable.

Bye.
Lol this guy but you are very much available na

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