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Nairaland Forum / Nairaland / General / Business / Naira Sinks To 530 Against Dollar, Pound Hits N720 (30301 Views)
Pound To Naira: Can You Believe This Tiny Coin Is N780? (Pictures) / Naira Sinks To 530 Against Dollar, Pound Hits N720 / Naira Sinks To 530 Against Dollar, Pound Hits N720 (2) (3) (4)
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Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by obailala(m): 2:22pm On Sep 03, 2021 |
thebosstrevor1:The oil price excuse has since expired. Oil has been selling steady above $60/bbl for a while now; in fact, oil price is over $70 today, so the oil price excuse in invalid. Likewise the Covid lockdown pandemic excuse which was viable last year 2020 is no longer valid today. The fact that the Naira still continues its freefall under current circumstances is inexcusable, and an indictment of the current administration. No excuse works again for the criminal incompetence of this administration. 2 Likes 1 Share |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by joshmee4real(m): 2:23pm On Sep 03, 2021 |
What have we done as citizens of Nigeria to deserve this? 1 Like |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by 36STATES: 2:24pm On Sep 03, 2021 |
adioolayi: What of mere commissioner Osubande with his trademoni? 1 Like |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by slimghost(m): 2:25pm On Sep 03, 2021 |
thebosstrevor1:Are you mentally unstable kid?. Address the issue on ground and stop writing slow nonsense. Our economy cannot attract Fx because we are a consuming economy. What exactly do we export in Nigeria?. What do we produce and export in exchange for fx?. What has your useless president done about this in 6 years? What’s the road map? Blueprint?. 2 Likes |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by BigRocky: 2:25pm On Sep 03, 2021 |
Jolite:. Abacha was a dictator,when abacha died while was Nigerians celebrating? Buhari government is worst but abacha is not a saint either... |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Alvin212(m): 2:26pm On Sep 03, 2021 |
Queenslander: I want to see your panyint 1 Like |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Angelfrost(m): 2:27pm On Sep 03, 2021 |
Ray07: You mean the other court jester forming allegiance to a certain EPL London club, who never let's us rest in Football threads??!... Forget that guy!!! 1 Like |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Awoleesu(m): 2:27pm On Sep 03, 2021 |
inderhappy: 2 Likes |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by iretinyeee(f): 2:29pm On Sep 03, 2021 |
BigRocky:Abacha is better buhari. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by BigRocky: 2:30pm On Sep 03, 2021 |
Tooreda: This was what I wanted to write bro .. Have made amendment to the post. Buhari is actually worst. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Nobody: 2:30pm On Sep 03, 2021 |
thebosstrevor1:are you trying to threaten us or what? Tell your lifeless boss that since he's failed woefully at fixing this country, he should return this country to the state he met it before he assumed office! 2 Likes |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Limassol(m): 2:30pm On Sep 03, 2021 |
oliverwrites:they will due to inflation. Just to illustrate my point, In 2010, 1$ is around 140 naira: that would get a mudu of beans, in 2021 a $ can't get you the same - beans is now 900. Inflation is destructive! 3 Likes |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by BigRocky: 2:32pm On Sep 03, 2021 |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Selfmotivated: 2:32pm On Sep 03, 2021 |
They sit back and watch, until it gets to 1000naira to $1 |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by ogododo: 2:32pm On Sep 03, 2021 |
obailala:No be lie, come to think am, difference between dollar and pounds no pass N100 for last government, but now whooping N200! |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Jolite(m): 2:33pm On Sep 03, 2021 |
BigRocky:Military far different from the so called Democracy especially the dullard Buhari type. Understand this. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Nobody: 2:33pm On Sep 03, 2021 |
What Buhari cannot destroy does not exist 1 Like |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Nobody: 2:36pm On Sep 03, 2021 |
As if the Zoogeria currency can have it another way . It will just be going down until it discovers water and ultimately oil. 1 Like |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by oliverwrites: 2:37pm On Sep 03, 2021 |
Limassol:I agree with you but thing is earning in dollars gives you an advantage, even if it is little. However, even though I earn in USD, my siblings don't, my friends don't and won't be selfish. Buhari has been a let down. 2 Likes 1 Share |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by edmaraja: 2:39pm On Sep 03, 2021 |
hisexcellency34:Buhari himself is the number one dullard |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Queenslander(f): 2:39pm On Sep 03, 2021 |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by BigRocky: 2:39pm On Sep 03, 2021 |
Jolite: Got your point bro... 1 Like 1 Share |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Reference(m): 2:40pm On Sep 03, 2021 |
thebosstrevor1: So what has the so called infrastructure done for the economy or the people in practical terms. When sane people in sane societies say investment in infrastructure to spur economic improvement they mean the infrastructure their people and their companies build and their industries supply materials and components to. Here you borrow to give foreign companies employing foreign workers supplying foreign products from foreign factories to build stuff your economy cannot afford and you expect your impoverished citizenry that have not benefited from the industry of infrastructure to repay these loans. Is that not foolishness or madness at the least?? Oga. All those 'SUKUK' roads are already going bad and we have not started to scratch the surface of interest repayment thoughtless of the principals.... Just brace for impact. Your weakening Naira never see anything yet. 1 Like |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Alvin212(m): 2:40pm On Sep 03, 2021 |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by adebwalex(m): 2:41pm On Sep 03, 2021 |
Oh my God. Who have we offend?? The Nation is really Bleeding.... |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by IMAliyu(m): 2:41pm On Sep 03, 2021 |
I expect to see naira at 700 in the short term. But hopefully it will settle at 600 when everything blows over. |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by musicwriter(m): 2:43pm On Sep 03, 2021 |
bigpicture001: That man and company are part of the problem. He has thousand companies scooping millions of dollars everyday at official rate from the little one coming in at the CBN. So much round-triping going on. Forget about the refinery for now. It could be sold before it even begin. 3 Likes 1 Share |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by bjdon: 2:44pm On Sep 03, 2021 |
Niara is in free fall and Buhari is busy looking for 60 year old grazing routes, that are not even legal anymore. I hope in 2023 Nigerians will think twice before voting O. Just because somebody suddenly wears suit and bow-tie does not make them competent. Start looking deeply at all the potential candidates. Are any of them profering detailed plans to overcome our various challenges? 2023 is just around the corner, less than 2 years. Shine your eyes this time! 1 Like |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Willie2015: 2:45pm On Sep 03, 2021 |
thebosstrevor1: U need to change your mindset... There is absolutely nothin wrong about.... keepin your savings in dollars... The next level is to invest in bonds, crypto, stocks and ETFs in dollars etc etc... It is part of money management... Both actions are necessary to preserve the value of your wealth... Also streams of Income via dividends, interest and capital appreciation on stocks... will help you to maintain your purchasing power... With this, you dont need to worry about local inflation and cost of good & services... Cos you earn in dollars... Its basic Personal Finance 101... U siddon dey look and wait for the CBN... to implement the right policies to help the Naira recover against the dollar... |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Reference(m): 2:48pm On Sep 03, 2021 |
oliverwrites: Oga. It is not what an individual can afford that matters but what happens around him. Stop thinking like a herdsman and wake up. Sensible citizens in sensible nations desire corporate prosperity not individualism because they recognise the dangers of socio-economic instability. What is the function or attraction of wealth in the midst of poverty induced vices, illiteracy and regression. 2 Likes |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Bigsunny01(m): 2:48pm On Sep 03, 2021 |
BigRocky: De country is sinking every day by day and nobody is even saying anything. CBN governor dat one is a mumu man, he can't even talk or say anything concerning de situation dat is ravaging de country.. What a country We don't have leaders is dis country, now I know dat Mr President is truly dead, u don't deserve to be my president, bcoz if truly u are still alive and things are falling apart u will rise and fight for ur dear country I call on u all to resign if u are not competent enough to lead de country to de right part Ooh my Nigeria I weep for u 4 Likes |
Re: Naira Sinks To 530 Against Dollar, Pound Hits N720 by Arnold1(m): 2:49pm On Sep 03, 2021 |
joyandfaith: Reckless, mismanaged borrowing is not good for an economy 2 Likes 1 Share |
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