Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,520 members, 7,958,575 topics. Date: Wednesday, 25 September 2024 at 05:49 PM |
Nairaland Forum / Nairaland / General / Politics / Naira Set To Hit N500 At Parallel Market After CBN Devaluation (33167 Views)
Sanwo-Olu Visits Akere Motor Parts Market After Fire Incidence / Bullion Van Politicians Are After CBN - Atiku/Okowa Campaign / EndSARS: Youth Reps Pull Out Of Lagos Judicial Panel After Cbn’s Account Freeze (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by IMAliyu(m): 8:17pm On May 27, 2021 |
LilMissFavvy:Alright my mistake..
|
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by stasius: 8:17pm On May 27, 2021 |
So 2000 dollars is now 1 million Naira? Chineke! Naira is bonkom! 3 Likes |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by simple250: 8:19pm On May 27, 2021 |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by IMAliyu(m): 8:19pm On May 27, 2021 |
Icumsa45: dochenaj:Lie? I just remembered the naira devaluation started at the beginning of 2015.. Seems I got it wrong.
|
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by LagbajaTheBEREAN: 8:22pm On May 27, 2021 |
mightyhaze: |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by IMAliyu(m): 8:23pm On May 27, 2021 |
cybersoldiers: Houstency: See reply to the last guy.. Otherwise I will not modify my post or apologize. |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Luckydubby7(m): 8:27pm On May 27, 2021 |
Hmm |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by tunary(m): 8:29pm On May 27, 2021 |
ValCon888:how is it done |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Bigseven(m): 8:30pm On May 27, 2021 |
Buhari you doing well, please we want you to continue this good work in 3rd term tag FINAL LEVEL. Ejo sir continue ur tenure |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by coronavirus19: 8:30pm On May 27, 2021 |
alsudan: I wish it gets to like 5000 naira. By then, Nigerians might get sense. |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by drealcivilceno(m): 8:30pm On May 27, 2021 |
Eriokanmi: It is possible if you start to move higher currencies within an economy like what ghana did, ours will increase. They removed that and used their standard as NGN. Well it will favour aboki coz the government has sucked everything currency leaving it to private individuals to run the show and you know what that means. 2 Likes |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by seunoyeleyep: 8:33pm On May 27, 2021 |
The retards spewing trash about their darling bastard won't be seen on this thread. Shame |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by iykepromotions: 8:34pm On May 27, 2021 |
Eriokanmi:that's interesting. Very good for internet marketers who earn in dollars but definitely not good for the Nigeria economy. More inflation to come. |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Superboss: 8:34pm On May 27, 2021 |
Guys! We need to contribute money and pay Buhari off for the remaining two yrs. The vegetable called Buhari is about to bury this once giant of Africa. 5 Likes |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by afroxyz: 8:36pm On May 27, 2021 |
At this point its better buying dogecoin than holding the naira 2 Likes |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Yankee101: 8:37pm On May 27, 2021 |
Dollar earners....happy...but you're still a nigerian...sad! 2 Likes |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Willie2015: 8:38pm On May 27, 2021 |
iLegendd: Apart from the above... Everyone in Naija of 2day must have streams of income in USD .... The age of the Naira has ended..... 2 Likes |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Perfectnumber6(m): 8:38pm On May 27, 2021 |
Eriokanmi:But am still wondering why banks in Nigeria don't sell dollars to their customers? Or is it because they benefit from these BDC indirectly? Because i was at the bank to buy dollars they said it must be for my BTA or else they can't sell to me that i should go to my local BDC. 2 Likes |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Nobody: 8:40pm On May 27, 2021 |
pdppower: As payback to the clowns that voted this guy twice, let’s support a third term movement |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by LaReinaa(f): 8:41pm On May 27, 2021 |
We warned them in 2015 but they didn't listen.. they clamoured for change.. now we're all paying for their sins 2 Likes |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by wazobia68: 8:43pm On May 27, 2021 |
Moorish: Nigeria can only print Naira, we don't print dollars. So if the country is not earning enough foreign exchange through exports etc, we will have shortage of foreign exchange which will likely lead to devaluation. That is simple economics. The Nigerian economy is not diversified, we rely heavily on crude oil export for our dollar needs. So if there is disruption in crude sales/price, we have this problem. Now, Nigeria is not selling enough crude oil, due to OPEC restrictions as a result of covid 19 pandemic. Most countries are not operating fully so the demand for crude is reduced. Also India, I believe our biggest oil market have cut oil imports due to the ravaging effect of covid 19. In a nutshell, this is the major reason. We have other factors like, fuel importation, low productivity, population growth, education etc 7 Likes 1 Share |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by LXG2(m): 8:44pm On May 27, 2021 |
If you have any plan of leaving this country this year, the earlier the better and i hope you have tripled your hustle, because double is no longer enough. The exchange rate is climbing and will soon get to #700. start taking steps to make sure the money you need is complete. How do you make it complete is by looking for other legit source of income. Hit the link on my siggy and learn a skills and make serious money while doing so 2 Likes |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by zolajpower: 8:45pm On May 27, 2021 |
Icumsa45:As far as I am concerned if there was a credible leader no soul would have voted for buhari or Jonathan . 3 Likes |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Nobody: 8:45pm On May 27, 2021 |
pls where's that baskat that used to shout his darling daddy 2 Likes |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by VictorUSA(m): 8:45pm On May 27, 2021 |
slivertongue:They want to finish our last breath. |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Jukwasi: 8:46pm On May 27, 2021 |
etokhana:It wil end at 650. There was a country. |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Leks(m): 8:47pm On May 27, 2021 |
Philomiina: Wait for it bro. It hasn't started. |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by VictorUSA(m): 8:47pm On May 27, 2021 |
Can you imagine? I can't even talk again. |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by integrity16(m): 8:47pm On May 27, 2021 |
Buhari has finished us ohhh chai |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by juniorstar(m): 8:49pm On May 27, 2021 |
etokhana:Lol..me wey don dey sell for 600since...savers are loosers. |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by FanOfMyself: 8:50pm On May 27, 2021 |
ThatFairGuy:Because he's Igbo abi. But Buhari should continue abi. As if it's the CBN that is responsible for the economy of the country. You all muslims are the worst living thing!! 2 Likes |
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Reelmii: 8:50pm On May 27, 2021 |
Abiboss:that is why their jets will keep crashing |
(1) (2) (3) (4) (5) (6) (7) (8) (Reply)
Sanwo-Olu Receives UFC Welterweight Champion, Kamaru Usman In Lagos / Rivers State Commissioner Of Police Redeployed - FALSE / Buhari Approves 65 Licences For Private Refineries
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 28 |