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Nairaland Forum / Nairaland / General / Business / Naira Slumps Further, Exchanges For 473/$ (19684 Views)
Naira Slumps, Exchanges At Over ₦1,500 Against Dollar / Shyngle: Herbert Wigwe’s Father Slumps, Rushed To Hospital / Breaking!!dollar Exchanges For ₦1,090 At Currency Markets In Nigeria (2) (3) (4)
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Re: Naira Slumps Further, Exchanges For 473/$ by noah24(m): 11:21am On Jan 13, 2021 |
Bro.. Do u have any idea how much is pounds � to naira�� chinchonglee: |
Re: Naira Slumps Further, Exchanges For 473/$ by ThatFairGuy1: 11:26am On Jan 13, 2021 |
Cti28:You all keep emphasizing on this lie and it's becoming reality. WHERE AND WHEN DID PMB promised 1# to $1? WHERE? |
Re: Naira Slumps Further, Exchanges For 473/$ by Agboriotejoye(m): 11:41am On Jan 13, 2021 |
ChiefSosa: The man surprise us no be small o |
Re: Naira Slumps Further, Exchanges For 473/$ by chinchonglee(m): 11:55am On Jan 13, 2021 |
noah24:620 bro |
Re: Naira Slumps Further, Exchanges For 473/$ by Agboriotejoye(m): 12:00pm On Jan 13, 2021 |
ThatFairGuy1: Here https://www.vanguardngr.com/2015/03/ill-make-naira-equal-in-value-to-dollar-says-buhari/ |
Re: Naira Slumps Further, Exchanges For 473/$ by ThatFairGuy1: 12:17pm On Jan 13, 2021 |
Agboriotejoye:Seems you all have comprehension problem, this was his quoted statement below. “It is sad that the value of the naira has dropped to more than N230 to one dollar; this does not speak well for the nation’s economy,’’ he said. Anything as such?
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Re: Naira Slumps Further, Exchanges For 473/$ by samsard(m): 12:20pm On Jan 13, 2021 |
ThatFairGuy1:What does he have to say now that it's 475/$ under his watch? |
Re: Naira Slumps Further, Exchanges For 473/$ by ThatFairGuy1: 12:21pm On Jan 13, 2021 |
samsard:Don't deviate, stick to the subject matter. That wasn't the bone of contention here |
Re: Naira Slumps Further, Exchanges For 473/$ by samsard(m): 12:22pm On Jan 13, 2021 |
ThatFairGuy1:I've added a new bone to the mix. You and the other guy can sort out the $1 to NGN1 issue later. 3 Likes |
Re: Naira Slumps Further, Exchanges For 473/$ by Agboriotejoye(m): 1:08pm On Jan 13, 2021 |
Yet under the same man the value of the naira has plummeted to double that amount. If he knows 230 does not speak well for the economy, one wonders what he's looking at while it dives down to 473` ThatFairGuy1: 1 Like |
Re: Naira Slumps Further, Exchanges For 473/$ by mujahid777(m): 1:12pm On Jan 13, 2021 |
handsomeyinka:To be honest...it will still have slumped even if GEJ was president 2 Likes |
Re: Naira Slumps Further, Exchanges For 473/$ by erico2k2(m): 1:12pm On Jan 13, 2021 |
einsteine:you obviously don't remit money to Nigeria or you live in not a western country .who sends money to western Union ??I have been sending money fru highsyreet vendors in London for the past 15 years. they charge you a fee and naira equivalents to the parallel mkt as we speak I sent 1000 poundsI get naira equivalent of N620k. |
Re: Naira Slumps Further, Exchanges For 473/$ by Reference(m): 1:17pm On Jan 13, 2021 |
VaselineCrew: And six months after the 2023 elections they will come here lamenting that they were 'deceived". How 20million people can be simultaneously 'deceived' on any matter befuddles me. Rather it is crass ignorance to have decided who to vote in any election whgetre none, absolutely none of the candidates has started in neither vague nor clear terms how he is going to lead out of the mess Mr. Buhari has made of Nigeria. To add insult to injury, some of them do not even believe there is anything wrong with Nigeria presently spo it bhegs the question, why do you want to lead Nigeria if the present course is right. For oin the absence of political ideology in our nascent democracy, the only value of elections is to change the direction of policy away from previous failings. So what will Mr. Tinubu or any other candidate has spelt out towards governance by 2023 that will have made me decide on the 13th of January 2021 to vote for him in 2023. It is just absurd. |
Re: Naira Slumps Further, Exchanges For 473/$ by tunapawizzy: 1:18pm On Jan 13, 2021 |
jerryunit48:i dont get d logic honestly.....but i guess theres sumtin in it for the government...maybe passing the financial burden of sourcing for dollar from governement to the people in Diaspora |
Re: Naira Slumps Further, Exchanges For 473/$ by Agboriotejoye(m): 1:50pm On Jan 13, 2021 |
tunapawizzy:Buhari sees the CBN as a piggybank that caters for the needs of him and his family and associates. You can ask him if the hard currencies being spent by him and his people is being sourced from alternate source like he's telling everyone else to do. That's when you will realize that the yawning gap between the official rates and parallel rates is for a reason. The majority of people in BDC business are northerners. He's just helping them to make money at the expense of the economy. Same thing he did with rice recently. |
Re: Naira Slumps Further, Exchanges For 473/$ by noah24(m): 2:14pm On Jan 13, 2021 |
Re: Naira Slumps Further, Exchanges For 473/$ by tunapawizzy: 2:15pm On Jan 13, 2021 |
Agboriotejoye:u are right ..i see now |
Re: Naira Slumps Further, Exchanges For 473/$ by SpicyMimi(f): 2:22pm On Jan 13, 2021 |
matrix199: |
Re: Naira Slumps Further, Exchanges For 473/$ by Ashinze: 2:31pm On Jan 13, 2021 |
Watin dey go 780 |
Re: Naira Slumps Further, Exchanges For 473/$ by bayelsaowei(m): 3:07pm On Jan 13, 2021 |
Useless currency |
Re: Naira Slumps Further, Exchanges For 473/$ by DollarBuddy: 3:55pm On Jan 13, 2021 |
, |
Re: Naira Slumps Further, Exchanges For 473/$ by macrodata(m): 6:28pm On Jan 13, 2021 |
jerryunit48:Sell dollars for me na. |
Re: Naira Slumps Further, Exchanges For 473/$ by macrodata(m): 6:30pm On Jan 13, 2021 |
shegzhkn:The given price is for parallel market (black market, aboki, BDC etc) 1 Like |
Re: Naira Slumps Further, Exchanges For 473/$ by fid3fid: 9:32pm On Jan 13, 2021 |
Eriokanmi: Does this CBN allocation to banks affect Form Q applications? |
Re: Naira Slumps Further, Exchanges For 473/$ by Eriokanmi: 9:57pm On Jan 13, 2021 |
fid3fid:Yea, greatly inpite of meeting all the form m requirements from Son PC Certificate to insurance by customers . They stopped allocating funds since mid December and the queue keeps adding up. What a country! |
Re: Naira Slumps Further, Exchanges For 473/$ by BSdetector: 11:49pm On Jan 13, 2021 |
The fact that naira slumped does not mean Buhari is not working . Even the dollar use to fall same with the Japanese yen and Chinese Yuan You sound ret@rded |
Re: Naira Slumps Further, Exchanges For 473/$ by fid3fid: 6:50am On Jan 14, 2021 |
Eriokanmi: Na wow! Wetin I go do now. I don already put hope on this Form Q... I dey calculate with 400 per $. And my bank guy dey give me assurance say 2 weeks e go pure. I don give the OPATT for the transaction. The other option na aboki na... That one too don dey go up. Double wahala |
Re: Naira Slumps Further, Exchanges For 473/$ by Eriokanmi: 7:56am On Jan 14, 2021 |
fid3fid:same assurances we've gotten from our bank oo. The situation is across board. The CBN kept assuring banks that they'd allocate forex , kept the window open indefinitely without updating commercial banks. How I wish I had my way, I'd have written to world bank and all our creditors, including IMF not to approve any loans for Nigeria for now. Hope you're done with your form m shaa. You'd need this to process your form q transaction oo |
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