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Nairaland Forum / Nairaland / General / Business / Again Naira Falls, Sells At N465 Per Dollar (13434 Views)
Naira Falls Towards N400-$1 As Electioneering Resumes / Naira Falls As Dollar Scarcity Worsens / Unbelievable!!! Naira Falls To N485/$1, N600/£1 (2) (3) (4)
Re: Again Naira Falls, Sells At N465 Per Dollar by fineboynl(m): 8:11am On Mar 04, 2017 |
the money they are pumping into the economy is unsustainable. how can you be pumping what you don't have. just if only the CBN can pump 1billion per day. 1$ will be 1N |
Re: Again Naira Falls, Sells At N465 Per Dollar by Nobody: 8:12am On Mar 04, 2017 |
The sadist medical tourist must be back!...that dude don't give a damn!! |
Re: Again Naira Falls, Sells At N465 Per Dollar by michoim(m): 8:19am On Mar 04, 2017 |
Where is ignorant Ben Bruce that was asking Osibanjo to teach his master of his forex magic? |
Re: Again Naira Falls, Sells At N465 Per Dollar by Clone2020(m): 8:33am On Mar 04, 2017 |
If you are in the US or have relatives in the US trying to send money to naija, I will exchange the funds at 400/$, simply deposit into my US bank account and receive instant funding into your Nigerian account. Don't bother with western Union and co, they exchange at 375/$ with fees and the exchange rate drops to around 345/$. See my contact below.. |
Re: Again Naira Falls, Sells At N465 Per Dollar by Nobody: 8:36am On Mar 04, 2017 |
BUTCHCASSIDY: So how can I make money Anyone wanna buy ££ |
Re: Again Naira Falls, Sells At N465 Per Dollar by Nobody: 8:36am On Mar 04, 2017 |
fineboynl: Let them pump it , there's going to be lesser demand for oil in the coming years (every one is going renewable, electric), It's inevitable and it's going to fall. We're going to redefine recession very soon if we don't find anything tangible to export besides oil |
Re: Again Naira Falls, Sells At N465 Per Dollar by timilehin95(m): 8:48am On Mar 04, 2017 |
what are they talking about? dis doesn't look like physics nd chemistry to me |
Re: Again Naira Falls, Sells At N465 Per Dollar by Reference(m): 8:58am On Mar 04, 2017 |
As long as they continue to 'pump money in', a.k.a currency subsidy thus creating an artificially good looking economy and fuelling corruptive cartels and rent seekers, the solution is no where in sight. The fundamentals remain the same, we donot earn enough foreign exchange. The solution is simple. Float the naira to end speculation and attract the dollar out of foreign banks and private vaults. Anything else is just taking panadol for cancer. Whatever the CBN has in its treasury people are ready to buy all and put in their vaults waiting for the CBN to give up its grand standing. When it depletes its reserves then the game begins. Foolish people. Poor people subsidising consumption....psst. |
Re: Again Naira Falls, Sells At N465 Per Dollar by buffalowings: 9:08am On Mar 04, 2017 |
I said it the naira gain was artificial. these guy were just pumping raw dollars into the economy just playing with the reserve anyone can do that. no actual change in fiscal policy nl currency traders, don't panic hold on to your dollars everything will be back to "normal" |
Re: Again Naira Falls, Sells At N465 Per Dollar by erico2k2(m): 9:12am On Mar 04, 2017 |
Realdeals:This would be same as digging one hole to fill the other hole |
Re: Again Naira Falls, Sells At N465 Per Dollar by erico2k2(m): 9:16am On Mar 04, 2017 |
Reference:They wont understand this.the available $$$$$had already gone . They are in volts already . Mo day we will get a new rate |
Re: Again Naira Falls, Sells At N465 Per Dollar by erico2k2(m): 9:17am On Mar 04, 2017 |
Bumbae1:No Aboki @ ur end ? ? |
Re: Again Naira Falls, Sells At N465 Per Dollar by LockDown69(m): 9:17am On Mar 04, 2017 |
We produce and export little or nothing and yet we want the Naira to appreciate against the dollar, what type of sorcery is that, the earlier we wake up from our slumber the better for us. 1 Like |
Re: Again Naira Falls, Sells At N465 Per Dollar by erico2k2(m): 9:19am On Mar 04, 2017 |
buffalowings:So now the reserve has Ben deplated this time not shared eheh .which way 9ja . This round of $$$ hip won't be funny citizens of 9ja should get ready for the worse . |
Re: Again Naira Falls, Sells At N465 Per Dollar by Nobody: 9:20am On Mar 04, 2017 |
JustinSlayer69: Welcome to Nigeria, were its citizens most especially those on the eastern part love to see the country in demise. Infact they are only happy about bad news |
Re: Again Naira Falls, Sells At N465 Per Dollar by emajoe: 9:20am On Mar 04, 2017 |
No be una plan to go bring Buhari back? You nevachichuntin. |
Re: Again Naira Falls, Sells At N465 Per Dollar by Nobody: 9:22am On Mar 04, 2017 |
buffalowings:Keep hoarding, your END IS NEAR |
Re: Again Naira Falls, Sells At N465 Per Dollar by Nobody: 9:24am On Mar 04, 2017 |
erico2k2:Dem dey UK? For where never seen |
Re: Again Naira Falls, Sells At N465 Per Dollar by Nobody: 9:26am On Mar 04, 2017 |
Jiang: Thank you sir for your comment. People keep clamouring for a free float of Naira. If this is done, don't be shocked if 1$ = 2000 #. Then we would starve and the same people praying for currency crash would intensify their wailing. 1 Like |
Re: Again Naira Falls, Sells At N465 Per Dollar by ashala(m): 9:30am On Mar 04, 2017 |
ourema: So true 1 Like |
Re: Again Naira Falls, Sells At N465 Per Dollar by chukwuwike2ny(m): 9:31am On Mar 04, 2017 |
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Re: Again Naira Falls, Sells At N465 Per Dollar by 989900: 10:26am On Mar 04, 2017 |
Speculators won't stop at anything. A friend bought at N442 yesterday. |
Re: Again Naira Falls, Sells At N465 Per Dollar by goldedprince: 10:30am On Mar 04, 2017 |
waiting for when it will hit 1000 |
Re: Again Naira Falls, Sells At N465 Per Dollar by bizzibodi(m): 10:50am On Mar 04, 2017 |
This is a short term measure until we curb some of our import,diversify d economy,start processing raw materials into finish goods for import,make electricity to work,grow & eat only homegrown wheat,rice,fish etc.we are not going anywhere. 1 Like |
Re: Again Naira Falls, Sells At N465 Per Dollar by Holiday0299(m): 11:06am On Mar 04, 2017 |
It's the dollar that's fluctuating, not naira. The dollar depreciated last week and every was cursing Buhari. Now that the dollar is appreciating, ...for those of us who use bitcoin, you'll bear record. |
Re: Again Naira Falls, Sells At N465 Per Dollar by Nobody: 11:07am On Mar 04, 2017 |
Flets: When u understand how fx intricasies work.You will thank GMB |
Re: Again Naira Falls, Sells At N465 Per Dollar by Nobody: 11:29am On Mar 04, 2017 |
As the price has come down, there would be a surge in demand hence the current rate |
Re: Again Naira Falls, Sells At N465 Per Dollar by soldierdollar(m): 12:07pm On Mar 04, 2017 |
Almaiga: But a Yoloba is the head of the economic team |
Re: Again Naira Falls, Sells At N465 Per Dollar by erico2k2(m): 12:27pm On Mar 04, 2017 |
JustinSlayer69:Don come on here and rant who told you whites don't celibrate depreciation of thier currency ? As we speak the manufacturing sector in England are celebrating low value of the ££cos itears thier export went up so they are actually making more money and thier goods and services are competitive in world market now. China nko oo ? You want me to go on?? |
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