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Naira Falls Against US Dollar - Business (2) - Nairaland

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Unbelievable!!! Naira Falls To N485/$1, N600/£1 / Naira Falls To N370 Per Dollar / Naira Falls To 325 On Dollar Shortage -punch (2) (3) (4)

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Re: Naira Falls Against US Dollar by neksummi(m): 6:59am On Sep 17, 2016
This isn't good news at all. But for those earning in dollars, nothing spoil. God help us.


EARN IN DOLLARS
Re: Naira Falls Against US Dollar by MrPresident1: 7:00am On Sep 17, 2016
angry
Re: Naira Falls Against US Dollar by chincent: 7:00am On Sep 17, 2016
Buhari and his brothers (money changers).

1 Like

Re: Naira Falls Against US Dollar by Nobody: 7:01am On Sep 17, 2016
ihatebuhari:
hahahahaha

hahahahaha


hahahahaha



hahahahaha act like youre +13 for crying out loud. it affects evryone just as much as it affects u




hahahahaha
Re: Naira Falls Against US Dollar by ihatebuhari(f): 7:02am On Sep 17, 2016
Oluwabusobomi:
Buhari may it not be well with you!
lol are you serious?
Re: Naira Falls Against US Dollar by hUmaneOne: 7:03am On Sep 17, 2016
modath:


This country can never be great until the problem in red is solved, no true great /prosperous nation relies solely on importation of virtually every commodity....

We can't be putting our heads in the sand pretending like we don't know the cause of the problem... oil price has tanked, the reserves ( to defend the naira) almost at critical level, but we insist things should remain the same..we can't continue to be merry in austere times, something just gotta give, no two ways out..

It's simple economics and logic, demand and supply are at variance, pricing will definitely reflect it.. chikena.

Our biggest volume of import comes from petroleum products. Hence,if our clueless government want to solve import problem without fixing our refineries, they're worse than hypocrites.

8 Likes

Re: Naira Falls Against US Dollar by iykecicero: 7:04am On Sep 17, 2016
modath:


This country can never be great until the problem in red is solved, no true great /prosperous nation relies solely on importation of virtually every commodity....

We can't be putting our heads in the sand pretending like we don't know the cause of the problem... oil price has tanked, the reserves ( to defend the naira) almost at critical level, but we insist things should remain the same..we can't continue to be merry in austere times, something just gotta give, no two ways out..

It's simple economics and logic, demand and supply are at variance, pricing will definitely reflect it.. chikena.

Sharap, what do you know about importation? Do you think all importations are for toothpicks and Gucci bags? Does Nigeria manufacture fine chemicals for drugs or food industry? So sharap, you Zombie.

11 Likes 1 Share

Re: Naira Falls Against US Dollar by ihatebuhari(f): 7:04am On Sep 17, 2016
[quote author=Jibril659 post=49430558][/quote] even Londoner?
Re: Naira Falls Against US Dollar by guywitzerogal(m): 7:05am On Sep 17, 2016
Dat s nt longer news. We still d go 1000naira per dollar instead of 1naira per dollar shibi na Jst 3 zero nw
Re: Naira Falls Against US Dollar by Nobody: 7:05am On Sep 17, 2016
ihatebuhari:
even Londoner?
get sense abeg
Re: Naira Falls Against US Dollar by laffwitmi: 7:06am On Sep 17, 2016
See wetin Gej cause, build refineries,he no build, save money no... Na waoo for Gej,de ogogoro master.
Re: Naira Falls Against US Dollar by jude90(m): 7:07am On Sep 17, 2016
as expected cause the dullard is in power

1 Like

Re: Naira Falls Against US Dollar by segebase(m): 7:09am On Sep 17, 2016
by december ir will b 1k
Re: Naira Falls Against US Dollar by defash8: 7:12am On Sep 17, 2016
We need our press to investigate activities of two Aisha Buhari's Bureau de Change companies. There seems to be something going on, although she registered these companies before coming to power.

1 Like

Re: Naira Falls Against US Dollar by kingandamy4life(m): 7:14am On Sep 17, 2016
sometimes i wonder how we got to this point.the most annoying part is no key economic team of this goverment can even come and tell us the way forward.it amazes me how those that went to harvard and cambrdge school decided to gamble our economy and 170million destinies of Nigerians with this drop out and gullible Nigerians accepted and they expect a miracle to happen. How?

2 Likes

Re: Naira Falls Against US Dollar by osarenmwienda(f): 7:16am On Sep 17, 2016
is this real life ?
when will this end?

infact Nigeria don tire me gabadaya I don tire
Re: Naira Falls Against US Dollar by drizzy009: 7:16am On Sep 17, 2016
Waking up to seeing this naira falls... Bleep this.. Going back to sleep

1 Like

Re: Naira Falls Against US Dollar by morc(m): 7:16am On Sep 17, 2016
They said they wanted 'change. "
Hmmmm!

1 Like

Re: Naira Falls Against US Dollar by Freelancer007(m): 7:17am On Sep 17, 2016
Dollar to Naira exchange rate will only improve if Nigeria starts heavy industrialization and become a producer, instead of a consumer nation

1 Like

Re: Naira Falls Against US Dollar by wristbangle: 7:18am On Sep 17, 2016
modath:


This country can never be great until the problem in red is solved, no true great /prosperous nation relies solely on importation of virtually every commodity....

We can't be putting our heads in the sand pretending like we don't know the cause of the problem... oil price has tanked, the reserves ( to defend the naira) almost at critical level, but we insist things should remain the same..we can't continue to be merry in austere times, something just gotta give, no two ways out..

It's simple economics and logic, demand and supply are at variance, pricing will definitely reflect it.. chikena.

They know or pretend not to know that what you explained is the major cause of the weak currency yet they keep pointing finger that someone is responsible for this current predicament.

This is just a lesson for all humans to make hay when sun shines. We spent lavishly during economic boom without no savings. The dawn of reality has set it, may God deliver us from this economic quagmire.

Just that the current administration need to hasten diversification before it's too late.

4 Likes 1 Share

Re: Naira Falls Against US Dollar by Nobody: 7:18am On Sep 17, 2016
the mata tire me. nah online boz sure pass for this present economy. God help me with capital make I start better biZ
Re: Naira Falls Against US Dollar by huntax(m): 7:18am On Sep 17, 2016
This naira is falling faster than an aging woman's bosoms

2 Likes

Re: Naira Falls Against US Dollar by nandyz(m): 7:19am On Sep 17, 2016
God unto ur hand we commit our economy,,, perform miracle in this nation Nigeria... Chaii, chaii,, Naira stand up and fight na,, why always falling, jus stand a little,, all the fufu (akpu) that u are eating, u still allow $ (dollar) to be u... If the Government cannot fight for u,, why not borrow MMM to support your mission, because In MMM, together they change the world.... [color=#990000][/color]

1 Like

Re: Naira Falls Against US Dollar by lloydmuna2(m): 7:22am On Sep 17, 2016
God have mercy, so what will the poor people depend on now, hunger go feed on most people oh embarassed

1 Like

Re: Naira Falls Against US Dollar by Tkayhandsome(m): 7:23am On Sep 17, 2016
Someone pleas impeach that old daura man. Who has bewitched Nigerian's? No protest, No riot, maybe the enjoy the situation. Pele ooo

1 Like

Re: Naira Falls Against US Dollar by discusant: 7:24am On Sep 17, 2016
Dullard, the president and petroleum minister combined is in control.

Even if one Dollar trades for N1000, Dullard wouldn't be interested, so long cheap cash from crude oil is still coming to Dullard's Nigeria.

1 Like

Re: Naira Falls Against US Dollar by Kaydeexotic(m): 7:24am On Sep 17, 2016
hobermener:
What is the relationship between naira and gurrara falls??
They both fall from time to time like my grandma breasts

2 Likes

Re: Naira Falls Against US Dollar by beejaay: 7:27am On Sep 17, 2016
modath:


This country can never be great until the problem in red is solved, no true great /prosperous nation relies solely on importation of virtually every commodity....

We can't be putting our heads in the sand pretending like we don't know the cause of the problem... oil price has tanked, the reserves ( to defend the naira) almost at critical level, but we insist things should remain the same..we can't continue to be merry in austere times, something just gotta give, no two ways out..

It's simple economics and logic, demand and supply are at variance, pricing will definitely reflect it.. chikena.
that's a big fat lie....saudi Arabia import everything....u can lie for Africa....the worst crash in crude oil was in 2008 and we never experienced this......so stop lying and say the truth, it won't hurt you

6 Likes 1 Share

Re: Naira Falls Against US Dollar by Smone(m): 7:29am On Sep 17, 2016
Naira will soon equal dollar
















............








In your dream.
Re: Naira Falls Against US Dollar by SIRTee15: 7:29am On Sep 17, 2016
iykecicero:


Sharap, what do you know about importation? Do you think all importations are for toothpicks and Gucci bags? Does Nigeria manufacture fine chemicals for drugs or food industry? So sharap, you Zombie.
she's right.....
until Nigeria sought out her trade imbalance by increasing export n reducing import, the mad pressure on the naira will persist........
if u like go n call okonjo iweala, n other seasoned economic expert to manage the economy.......
it's will only end up an academic exercise.......
for instance, fuel gulps 30% of dollar demand for importation, how about we refine our crude oil here......
and petrochemical products from crude oil refinery
can serve as raw materials for our industries........
exploitation, development n investment into the solid minerals sector as well their extraction will go a long way in solving raw materials difficulties our companies face as regards importation........
rejuvenation of our steel industry will also be a major boost to industries that rely on metal alloy for production.......
all the above will surely reduce pressure off the naira n equally boost export, thereby helping our balance if trade.....
so next time u want to contribute.....be logical n don't be abusive.

1 Like

Re: Naira Falls Against US Dollar by agwom(m): 7:31am On Sep 17, 2016
Na now some people go make money wel wel
Re: Naira Falls Against US Dollar by emvico(m): 7:31am On Sep 17, 2016
beautiful232:
what


well good news tho
I'm waiting till when it get to 1000 I will go and change my dollars grin
i need ten dollars before 12:30 pm
note:- am not begging you, i only ask you to send me ten dollars. do it as fast as you can or.........?

1 Like

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