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Nairaland Forum / Nairaland / General / Business / Naira Weakens At Forex Market As Foreign Reserves Drop To $43b (13884 Views)
Naira Depreciates By N64 Against Dollar At FOREX Market / Naira Continues Appreciation Against USD At Forex Market / Naira Weakens At Official Market, Banks Sell $584m (2) (3) (4)
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Nobody: 8:08am On Oct 14, 2018 |
Hmmm 1 Like |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Nobody: 8:09am On Oct 14, 2018 |
Butterflyleo: ZB 1 Like |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Moukandjo: 8:10am On Oct 14, 2018 |
Mustack:Who promised you 1 dollar to 1 naira? Our Jonathan sycophants no go cease to amaze us! 1 Like |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by leisuretym: 8:12am On Oct 14, 2018 |
look at someone who promised make naira equal to dollar |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Moukandjo: 8:12am On Oct 14, 2018 |
Macdonad:You sef dey follow people use meme? You want to feel among, ba? How does your meme & comment relate? Na by force to use meme? Nawa o! |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Butterflyleo: 8:13am On Oct 14, 2018 |
richidinho: Same PDP depleted it to $27b from $55b. Are you not seeing that what you are simply trying to show is that PDP is an enemy of this nation? Only they grew it so they could further reloot it. 1 Like |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Temptee101(m): 8:15am On Oct 14, 2018 |
One step forward 900 steps backward I'm just tired of buhari and his incompetence February 2019 please come fast, let's Atikulate once and for all 2 Likes |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by alizma: 8:19am On Oct 14, 2018 |
pejuakinab:are you a novice of the Nigerian foreign reserve status history as related to this administration, do you know what it took Buhari to build up the reserve to that figure, what is wrong with Nigerians self? 1 Like |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Temptee101(m): 8:22am On Oct 14, 2018 |
KEVIND:Now this is it, no wonder the criminal SE governors are against his VP candidacy. No room for stealing, this is how to fight corruption not buhari's disguised witch hunting 2 Likes |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by perdollar(m): 8:22am On Oct 14, 2018 |
buhari is a snitch 1 Like |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by richidinho(m): 8:22am On Oct 14, 2018 |
Butterflyleo: show us how much was in the reserve when PDP came into power in 1999, only then you will appreciate our govt 2 Likes |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Horus(m): 8:23am On Oct 14, 2018 |
https://www.youtube.com/watch?v=G_QE6IUvtUk Can 1 Naira ever become 1 US dollar again on the Forex market? One of the reasons Nigerians are lamenting about the state of the nation is that the forex is very expensive these days. Our correspondent therefore took to the streets of Lagos to ask Nigerians if they think 1 Naira can ever equal 1 Dollar again. What's your take? |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by oladele00(m): 8:23am On Oct 14, 2018 |
Thank God 80percent of Buhari supporters are not on social media, they have PVC as their weapons not borrowed megabytes like some 10percent Atiku's wailing wailers on social media. |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Butterflyleo: 8:26am On Oct 14, 2018 |
richidinho: You still don't get it do you? OBJ was in power for 8 years and PMB in just 3 years grew our depleted reserves from $27b PDP left it to $47b The pressure of dollars now due to elections has further forced a drop on our forex which is the trend every 4 years and not new. Good governance is to ensure a steady growth and not a depletion of such a magnitude of $55b to $27b Also note that despite all this, PMB has since paid off all debts left to him by GEJ in the NNPC which for the first time in 20years NNPC is debt free. This is good governance and it falls squarely on PMB You need to read more |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by CocoaOla: 8:27am On Oct 14, 2018 |
All these 50k 100k for Apc pdp on nairaland It that not a serious matter. Those rogues keep decamping to the ruling party . They are all the same. That is why we should use our brain election time is dollars is flying around in the air Nigerias are tired of APC and PDP they have done enough damage to Nigeria old men should go and rest |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by alizma: 8:28am On Oct 14, 2018 |
rusher14:those people knows nothing and they will also be the set of people to criticize Buhari for this little drop but they have not praise him for building the reserve up to almost twice what their Hero left for Buhari in 2015. Lazy youths that no nothing about their country. they are only concern about today's new, they lack knowledge of history. 1 Like 1 Share |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by JobNoticer: 8:35am On Oct 14, 2018 |
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Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Butterflyleo: 8:35am On Oct 14, 2018 |
KEVIND: Peter OBi lied there. He actually left 150b debt for Anambra by the time Obiano came in |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by AlhajaChinyere: 8:37am On Oct 14, 2018 |
franchasng: Yada Yada Yada nonsense! We need this we need that.....apart from digging up nature-made oil in the ground what else do you export to earn dollar? So fraudulent feminine gay Peter Obi will do magic ba? Like your thieving estwhile sister NOI? |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Kobicove(m): 8:39am On Oct 14, 2018 |
politicians have started mopping up USD! |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by alizma: 8:40am On Oct 14, 2018 |
Butterflyleo:My brother they don't know all these things and that is why they are stupidly shouting atikulate up and down. can you see the type of youths with certificate that make up our supposedly active population? the youths criticize politicians for being their problem when they are the problem themselves. who would have imagined that any reasonable person will say something negative about Buhari on reading this news but look at the response we have up there. |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Nobody: 8:40am On Oct 14, 2018 |
The naira would continue to weaken as electioneering goes around the corner. With a desperate money bag in Atiku and a desperate party chair in Oshiomole, it can only get better for the dollar and pound. |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Butterflyleo: 8:45am On Oct 14, 2018 |
alizma: These are the social media youths who have refused to develop themselves through reading and knowledge acquisition. This is why they all have a herd mentality. They all want to be shouting Atikukooting up and down without even bothering to check the track record and history of the same Atiku. A man who practically sold off Nigeria when he was VP and the head of OBJs economic team is who they are rooting for. 23 of our national assets went under because of him while he sold off some dubiously to himself and others. One thing I am sure of is that he will not see Aso rock 1 Like |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by jonuel1(m): 8:45am On Oct 14, 2018 |
Butterflyleo: your hatred for GEJ has no bound but be objective when discussing such issue. he depleted the FR but developmental projects were going on; was it water that he used to fund the projects? what are the blueprint on economy of the present administration? YouWin unlike Npower empowered people to start and run businesses which in turn reduced unemployment and in a way grow the economy. what happens after 2years of being on Npower payroll? GEJ had his own flaws buy he was able to put things in perspective but can same be said about what we are experiencing now? 2 Likes |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by alizma: 8:48am On Oct 14, 2018 |
Moukandjo:the stupid PDP supporters don't verify what they hear before they jump in to the street. I had challenge them on whatsapp group chat with 20k if only they can show me evidence of Buhari's promise to equate naira to dollar but they couldn't get me one. 1 Like |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Nobody: 8:49am On Oct 14, 2018 |
More reason why the lifeless one has to be sacked from Aso Rock. 1 Like |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by jonuel1(m): 8:51am On Oct 14, 2018 |
Moukandjo: do you know you are a culprit of what you accuse others of? please be more objective... what are the developmental projects in place now compared to GEJ's time? 2 Likes |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Butterflyleo: 8:52am On Oct 14, 2018 |
jonuel1: The other day Tolu Ogunlesi and Chidoka had a debate on twitter and it was exposed that GEJ had as good as zero developmental projects ongoing in his tenure and it was all paper projects. Chidoka could not deny it because he was the one who exposed it by himself unknowingly and the whole twitter community suddenly now became aware of the PDP lies about so called infrastructural development. 122 projects and all left at 13% completion stages. Practically all was ONGOING and not COMPLETED. It is this present FG that is now completing. Youwin was a scam. Npower is a temporary contract of 2 years focused on skill training. We cannot retain in the time of recession then but now its going to be different. When Chidoka was asked why the projects were all at ONGOING stages the attached was his response. You have to laugh at PDP for this comment. He simply said GEJ could not complete in his first term because the 1st term is for initiation of projects. If they knew this, why then are they demanding completion from PMB after 3years? 1 Like
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Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by alizma: 8:53am On Oct 14, 2018 |
leisuretym:and you think you are educated, who promised you 1dilla to 1naira in the first place? 1 Like |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by tegrianonigltd(m): 8:57am On Oct 14, 2018 |
Butterflyleo: You say?? Come again? I guess you no even know economics. Wetin you read for school. You forget say we no owe debts, Mama relieve us from debt, now we are back to debts abi na gbese Times double double with that kind of foreign reserve you are sick... 1 Like |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by billyG(m): 9:19am On Oct 14, 2018 |
Atiku effect,they way d crook mop up our dollars for his primary nobi small thing oo! |
Re: Naira Weakens At Forex Market As Foreign Reserves Drop To $43b by Nobody: 9:23am On Oct 14, 2018 |
Butterflyleo:i agree pdp destroyed it but at least buhari could have managed it or at least try to help it small but we didnt see that... Instead a recession and decrease in our national dignity....or do you blame gej for that one too.... I am not praising what pdp did... Am just trying to be rationale... Pls no insult abeg... 1 Like |
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