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Nairaland Forum / Nairaland / General / Business / Unbelievable!!! Naira Falls To N485/$1, N600/£1 (29112 Views)
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Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by dominion001(m): 6:06pm On Dec 06, 2016 |
Yyeske: 1 Like
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Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by emi14: 6:06pm On Dec 06, 2016 |
Don't hide foreign monies. Efcc is coming...nonsense |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 6:06pm On Dec 06, 2016 |
CXLVII: Don't mis-inform people o, any economical activity is the direct consequence of an action or inaction... which implies it's either sumthin ought to be done but isn't done or somethin was done to further create crisis |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Phonefanatic: 6:07pm On Dec 06, 2016 |
Yyeske: Afonja breed of zombiee is tough to cure 1 Like |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 6:07pm On Dec 06, 2016 |
Yyeske: Indeed was it you that left the 60billion dollars or whom ? |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 6:08pm On Dec 06, 2016 |
LoveMachine: That is not true. It is not the reason |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by willibounce1(m): 6:08pm On Dec 06, 2016 |
CXLVII: Tell us the cause. |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Empiree: 6:08pm On Dec 06, 2016 |
hobermener:I remember in 2014 when it took 6000$ to save for 1 million naira. shm...everything is messed up. You may think it is good for folks in diaspora but it is really a fraud coming from IMF. It is not PMB's fault as ignorant nigerians assume |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by LoveMachine(m): 6:09pm On Dec 06, 2016 |
supersystemsng: Normally, I would insult you and say something to get myself banned but I've been listening to Osadebe all day. I'm in a good mood so I'll respond by directing you to our atrocious mono economy. We don't export anything other than oil to earn forex. Oil is less than 15% of our economy but over 85% of our major forex earner. If people want to think the Naira will gain but still want to import things while we aren't earning forex I have a 3rd Niger bridge to sell them. Hold this L. 2 Likes |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by babs50g: 6:09pm On Dec 06, 2016 |
I doubt if the C B N understand what is called monetary policy . And the govt still want to borrow 29b dollars which is going to devalue the naira more. It is a big shame |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by LoveMachine(m): 6:11pm On Dec 06, 2016 |
Millsz: It has everything to do with this thread. We don't earn major forex from any source other than oil. With the decline in oil price world over the Naira took a major hit but with the attacks on installations the Naira has been crippled. We import but don't export. The imbalance is being felt. |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by AreaFada2: 6:11pm On Dec 06, 2016 |
supersystemsng: Bros, when jungle mature, monkey, baboon and even tiger will all find different directions. When they were huffing & puffing then, it was because thanks to GEJ's economic boom, they had food in their stomach & money to buy data bundles. Don't be surprised if many of them are only just scraping by now. Our people say if a woman does not marry a second husband, she can never know which one is better. 1 Like |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 6:11pm On Dec 06, 2016 |
LoveMachine: Now you're debating at my level... I love this when you knew this why didn't you siimply say balance the imbalance caused by imports than turn the other diirection ? IIf you insulted me, it's not today, people are reaading, we ought to educate people and not give partial or non-truths... No be you buy my MB, go ahead and insult 1 Like |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Yyeske(m): 6:12pm On Dec 06, 2016 |
CXLVII:Don't mind them, local Nigerian foodstuff were imported from India and intercepted recently but i trust many Nigerians will buy it for their love for imports yet they shout naira is falling 1 Like |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Yyeske(m): 6:12pm On Dec 06, 2016 |
supersystemsng:Don't be lazy, Google is your friend |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by MartinsIfeco(m): 6:13pm On Dec 06, 2016 |
Abatsam111:disappointment |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Opakan2: 6:13pm On Dec 06, 2016 |
GEJ call your boys in the ND to order.. no amount of bombing will change your bad name |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 6:13pm On Dec 06, 2016 |
AreaFada2: As usual bros, you always make me laff, anyways I believe Fashola was calling the ex-president a puppet and clueless fool, i wonder what happened to his eloquency in insulting people... If talks could do it, i'm sure Amaechi, Oshiomole, Tinubu and Raji- Borehole -Fashola should gather and speak english for 100days maybe the naira would reverse on its downward trend....Lol 1 Like |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Empiree: 6:14pm On Dec 06, 2016 |
hobermener:The only way you could be favored as a diasporan is if PMB could stabilize prices which is almost impossible. |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 6:15pm On Dec 06, 2016 |
Yyeske: What a waste of education... the 90's generation, can't even endure an intellectual debate for 1 minute... keep sowing your future away, rather than speak the truth, keep throwing it away by being a lies-advocate, wetin be my own, my chilling, paying my staffs by weekend, do i sound lie the crew complaining ? |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Nobody: 6:15pm On Dec 06, 2016 |
wxyz1:How hands? |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by LoveMachine(m): 6:16pm On Dec 06, 2016 |
Ofornaira: You must enjoy the taste of your foot because you insist on shoving it into your mouth. PMB determines oil price? PMB has cause the economic downturn world over? PMB looted the treasury? Parastatals and MDA's were even lacking furniture at the start of this administration because the people who left power even took desks! Stop with the insults with no data to back your assertions. Name calling may make you feel high and mighty but it makes you look small. If you have a cogent point to make pplease make it. But don't flood my mentions with childish volleys. You're embarrassing yourself. You and I know good and well this administration is fighting an uphill battle. Be practical and honest. His blueprint was security, corruption and economy. Year 1- BH has been brought to heel and is all but finished. Year 2 corruption has been fought tooth and nail. Year 3- Watch the turnaround this year! Year 4 - More good governance and campaigning. Peace! 1 Like |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Yyeske(m): 6:17pm On Dec 06, 2016 |
Phonefanatic:No logical explanation or counter argue is when your usual meme afonja comes to mind. |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by CXLVII: 6:17pm On Dec 06, 2016 |
willibounce1: It's a long list, but if you care to know so you can next criticise constructively, I advice you do a short research on forces that determine exchange rate and relate it with the Naira fall |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Abatsam111(m): 6:18pm On Dec 06, 2016 |
MartinsIfeco: |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by LoveMachine(m): 6:18pm On Dec 06, 2016 |
nwabobo: The Naira has been in the toilet for months. This final move was unwise but don't pretend as if he would have had to try to stop the BDC's from selling above the legal limit if the oil was flowing and earning forex as it should. |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by ResourceMan(m): 6:18pm On Dec 06, 2016 |
bOHARI HAS THE ANOINTING OF POVERTY! |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Empiree: 6:19pm On Dec 06, 2016 |
Yyeske:Thats the problem. They don't want to return to farm. Everybody wants "office jobs" with suit and tie. But I think govt should provide incentive to farmers to bolster local workers. If they continue this way, it is finished. Nigeria should never be importing food for that matter. I think ban should be on imported food rather than cars (at least for now). This should encourage folks to return to farm. 1 Like |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by Yyeske(m): 6:19pm On Dec 06, 2016 |
supersystemsng:Lol @paying my staff, I need to listen to logical people |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by thelegend1(m): 6:20pm On Dec 06, 2016 |
wxyz1: Comment of the day! |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by LoveMachine(m): 6:20pm On Dec 06, 2016 |
DonCortino: Defender? No cape in sight my friend just being honest. We are a petro state by default from years of poor governance. If there is no petro then we are just a state. The gov is trying but seriously what did people think NDA meant when they said operation red economy? This is what happens when the militants win. We all suffer. Don't get mad now. |
Re: Unbelievable!!! Naira Falls To N485/$1, N600/£1 by CXLVII: 6:21pm On Dec 06, 2016 |
Ofornaira: You confidently able to type this gibberish outrightly shows you re crude, unenlightened, and dull. How dare u say the main cause of "recession" not "depression" is the presidents cabinet? You stayed too long in the village and it's taking a toll on you! |
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Naira Appreciates To ₦1,280/$ At Parallel Market / Youngest Billionaire Still Bikes To Work / Nigerians Vent Their Anger On CBN, Bankers
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