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Nairaland Forum / Nairaland / General / Business / Unbelievable!!! Naira Falls To N485/$1, N600/£1 (29099 Views)
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Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by CXLVII: 5:44pm On Dec 06, 2016 |
devilson: Stop making a fool of yourself amongs intellectuals! Do you know the cause of the Naira crash? Definitely No. Your confined knowledge wil only make you point accusing fingers. Am sure U're part of those cheering pipeline destruction and same time accusing the president of a Naira fall 1 Like |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by compressordaf(m): 5:44pm On Dec 06, 2016 |
Buhari why not Kukuma kill us all with Satan 2 bomb ni then after killing us u can go to the oda room with Amina |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by doctokwus: 5:45pm On Dec 06, 2016 |
Dont know what he is doing,but PMB in conjunction with that useless CBN governor with a non existent economic team has totally destroyed the economy. Its obvious this people cannot get us out of this economic nightmare. Though the outcome cannot be guaranteed,and i am not a fan of Osinbajo,but seeing pmb face everyday,more concerned about attending a security summit abroad,than addressing the emergency situation we find ourselves;i think its high time Osinbajo mounts the saddle in whichever way it maybe made possible. I dont think anyother person,except the fisherman,can do worse than PMB.I cant bliv the man i supported wholeheartedly some 2yrs ago,nauseates and irritates me now. 3 Likes |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by venom13(m): 5:46pm On Dec 06, 2016 |
Na die we dey so 4 this country by the end of this APC 4 years government there will be nothing left of us as a people |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by CXLVII: 5:47pm On Dec 06, 2016 |
Day11: Is it Sai baba that is determining rates? You need to start looking inwards to know that 60% of the cause for the fall in Naira is done by we the citizens. Read up and make a point with me on the cause of a declining currency |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by MISTAICEY02288(m): 5:49pm On Dec 06, 2016 |
Nice one. We are gettin there. I don dey talk am teytey say we still dey enter 500naira/1$ soon. Bubu is workin towards it. APC supporters, how market I hope una dey enjoy una oga work. 4 Likes |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by electrokcoi(m): 5:50pm On Dec 06, 2016 |
haba! I was expecting $1 to #1000 by now |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Millsz: 5:50pm On Dec 06, 2016 |
what has the destruction of pipelines got to do with the fx rate? Don't get me wrong, I'm not in support of the destructions but its irrelevant to this thread LoveMachine: 3 Likes |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Miles300: 5:51pm On Dec 06, 2016 |
Hhahahahah everyone is opening the book of Lamentations , how people still vote for APC in recent elections baffles me , won't be surprised if same Nigerian lamenting votes him in 2019 3 Likes 1 Share |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by CXLVII: 5:51pm On Dec 06, 2016 |
EternalTruths: Who will suffer it at the end of the day? Dollar will rise to NGN1000 to $1, production will be expensive and prices will skyrocket, multinationals and local employers will downsize there workforce. Foreign investors will scamper and me and you will bear the brunt. Keep cheering.....we never see anything |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 5:51pm On Dec 06, 2016 |
devilson: the real dullards are those who do not understand that half of our forex femand is due to importation of fuel. The dullards are those who don't understand that while we were earning $100/ barrel we did not build any new refineries or fix the existing ones, instead we were celebrating the number of private jets in Nigeria as proof of our development. Forgetting that most of those who bought private jets made their money from the very subsidy regime that was necessitated because we were importing all our fuel. 3 Likes |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 5:51pm On Dec 06, 2016 |
LoveMachine: This is such an uneducated thesis, what a waste of education |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Yyeske(m): 5:52pm On Dec 06, 2016 |
For the kids here, if GEJ had saved enough dollars like OBJ and Yar'adua, our naira won't be this low. Remember there was a world recession around 2008/2009 but Nigeria hardly felt anything because we had enough dollars to shore up the naira then unlike now. The blame still rest on GEJ because he never saved even in the period of all time high oil price instead he depleted what was saved and you want a miracle now. 1 Like |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by usamali(m): 5:53pm On Dec 06, 2016 |
Fear dey catch mi APC which way. |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Ofornaira: 5:53pm On Dec 06, 2016 |
Dc4life:since naira started rising, have u ever seen or heard that it came down? The point I want u to understand is that it will never fall below what it is now. In fact it will keep going up may be 2000 if pmb finishes his tenure in the 2019. Any person that will succeed him will try hard to peg it at where pmb took it to. If actually that pmb knows what he is doing, he shouldn't have allowed it to be rising this way. What he should have done is to peg it at where he met it. Afonjas, how market? 1 Like |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by CXLVII: 5:54pm On Dec 06, 2016 |
Miles300: Hello! The enlightened know the root cause of the fall of Naira which is not determined by a party or individual. You can't cheer pipeline vandalism and expect a rise of the Naira likewise can you bl up pipelines and expect constant power supply. Logical sane Nigerians understand the forces and sabotage |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 5:54pm On Dec 06, 2016 |
tapzy: No be yu suppose make this comment, please where is Lainus Mumu-ahmed? |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by emi14: 5:55pm On Dec 06, 2016 |
Why unbelievable? Some yoruu ba's still support apc because tunubu is still a member. People who can't call evil evil. Am neither pdp or apc. Political party affiliation is not my potion. Nigeria is messed up. Am coming home to exchange 100usd for #50,000 But honestly am not happy. How much is bags of cement and rice respectively and related commodities. Hell. |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 5:55pm On Dec 06, 2016 |
googlepikins: Kill only you, pack your load and go to North Korea bomb testing zone you will find atomic bomb there to kill you. |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 5:56pm On Dec 06, 2016 |
Miles300: When will you learn ? How much did Jonathan's predecessor save ? |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by devilson(m): 5:56pm On Dec 06, 2016 |
CXLVII:check my previous nd show me where I support those idiot militant. u guys keep blaming gej,crash in petrol price to cover up for buhari wrong economic policy but u guys forgot that when obj took over It was worst nd he met only $3billion forex. I don't av time for all those other zombie quoting me cause they are like programmed robot 2 Likes 1 Share |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Empiree: 5:56pm On Dec 06, 2016 |
Keneking: |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 5:58pm On Dec 06, 2016 |
AreaFada2: Bros maybe this is what the cow meant by saying by monkeys and baboons blood will be shed Please bros, all those guys that gather at Newspaper joints, call Tv and Radio comments, gather on various forums where are they please? 1 Like |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 5:58pm On Dec 06, 2016 |
Ofornaira: you speak like an ignoramusl, peg it with what? is it not attempts to peg that is causing black market to rise? You think running an economy is your fake church where you say I decree naira to be stable? 1 Like |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by emmalexabl(m): 6:00pm On Dec 06, 2016 |
This is really really good.. .. Buhari till 2024 !!! But seriously. ,where are those zombistic sai buhari chanters? They all seem to have committed suicide |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by CXLVII: 6:00pm On Dec 06, 2016 |
doctokwus: It's glaring you re in the league of complainants who happen to share blame rather than deliberating on the root cause of the free fall of the Naira. Is it APC or Buhari that is causing the fall? Read-up about the root cause and make a point with me. Yes, I agree with you when u say policies but same Nigerians re not ready to bend. Rice and car importation by land was just stopped and see the way Nigerians re fuming and same expect a rise of the Naira |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by SweetLove0(f): 6:00pm On Dec 06, 2016 |
ok na |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Empiree: 6:01pm On Dec 06, 2016 |
hobermener:lol....hilarious. tola9ja |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Ofornaira: 6:03pm On Dec 06, 2016 |
XX01:what I see is freefall of nairal till 2019 as long as pmb is there in aso rock. |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 6:04pm On Dec 06, 2016 |
XX01: Yes, Economists answers It's not just resources that moves the financial markets, it's optimism created by sentiments. We had a golden opportunity when Buhari entered office, Gulf nations up to UAE refused to be an altternative to Souther European Nations who depesrately needs gas supply, For the fear of not annoying Russia they backed out, The entire Souther European desperately needs gas which we have in enormous amount. Nigeria seats on 76 Trillion Feet of gas, which means we have 2 million for every one gallon of crude we supply, simple We promsie supply to Europe cheered by Germany, sign a pact, investors see this, we get instan investor confidence boosted, the financial market, the FDI and stock market will queue behind.... If you think i'm lieing, Russia signed similar pact with China for 300 Billion dollars, guess what it did ? Instead of chase the opportunity, he chased PDP, Niger Deltans The younger ones are not all stupid, let these guys trasfer the mantle ofpower and we will prove it I forgot to mention we run at a monthly deficit of 50 billion dolalrs monthly, i've cried everywhere wailing, Mr President supply the entire West African region Electricity, Power , Gas and we will make this sum easily and easen the pressure that is titled from an imbalance of FOREX and foreign earnings... Emefiele won't know this things, it's wisdom of the inner house folks Nigeria would rise, guys dn't worry 4 Likes 2 Shares |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Yyeske(m): 6:04pm On Dec 06, 2016 |
supersystemsng:GEJ was left with over $60 billion dollars but handed PMB 29 billion inspite of record high price of oil |
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