Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension - Business (2)

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Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension (34479 Views)

Naira Plunges To N1,900, Rebounds To N1,354 Then Dips To N1,700/$ / FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom / Naira Plunges To N472/$ As Forex Scarcity Worsens (2) (3) (4)

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Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by FreeIgboho: 7:32pm On Sep 20, 2021

Useless man, this Emefieli

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Tonyblinky(m): 7:33pm On Sep 20, 2021

Emefiele should be stoned to death while Bubu should be castrated or pierced in the scrotum.
Bunch of clueless mofos.

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Nobody: 7:33pm On Sep 20, 2021

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by BigBashiru: 7:34pm On Sep 20, 2021

PUSSYHOE:
Black race is cursed!

no it is not true.
Mali - France is trying to control the country.
Guinea - France is trying to control the country
Thats why both countries are war torn.
The European race is cursed.

Rwanda, Ghana, Nigeria, Botswana are amazing countries.

And also western media propaganda to denigrate africans is affecting you.

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Nobody: 7:35pm On Sep 20, 2021

teeytimi:
This emefiele guy is very clueless. How can an online platform influence the unavailable dollar to the extent of what price dollar is sold

Too much BORROWING can also worsen the prognosis.

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Onepeople: 7:35pm On Sep 20, 2021

Zombie will tell you is Jonathan.

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by ikay00406(m): 7:36pm On Sep 20, 2021

Now you can clearly observe that abokifx is not the problem. It's the government's poor policies. Abokifx doesn't fix exchange rates, he gets them from the street dollar traders and post on his website. His only being used as a scapegoat by our incompetent economic policy makers. Abokifx or not the exchange rate is skyrocketing.. May God help Nigeria sad

8 Likes

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by PUSSYHOE(m): 7:37pm On Sep 20, 2021

BigBashiru:

no it is not true.
Mali - France is trying to control the country.
Guinea - France is trying to control the country
Thats why both countries are war torn.
The European race is cursed.

Rwanda, Ghana, Nigeria, Botswana are amazing countries.

And also western media propaganda to denigrate africans is affecting you.

They are the one controlling our leaders?

3 Likes

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Olayetan(m): 7:37pm On Sep 20, 2021

This dollar to Naira can be complicated to comprehend..

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by kayuseful: 7:38pm On Sep 20, 2021

I heard Nigeria naira is almost equivalent to 1zimbabwe dollar now

1 Like

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by SIRKAY98(m): 7:39pm On Sep 20, 2021

most of the ques in the banks are uncalled for.why the blockages on our naira debits cards that they cannot shop anything over 100usd onthier own.. CBN and banks should amemd the que in banks for forex by allowing the naira debits cards to pay for online,web international transctiom
ns as much as they want. by then naira will hold its ground back.

1 Like

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Nobody: 7:39pm On Sep 20, 2021

Hmmmm.

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Iliya1520: 7:41pm On Sep 20, 2021

KAI SUNANNAN AKWAI DADI (Aboki FX).

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by okoroemeka(m): 7:41pm On Sep 20, 2021

DuduParaPara:
Okay na.

Finally we can all see that abokifx is, was and can never be the problem.

The heads in CBN are all dumb.

The only people I see who will gain majorly from this are yahoo boys but thankfully EFCC are giving them a run for their money.

Brace up Nigerians, things are gonna get tougher. But the night is darkest just before dawn.

It will soon be over.

it is over if you have money to spend,if you don't it is not over yet, sunshine or darkness

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Brushstrokes20: 7:41pm On Sep 20, 2021

Dammmmmmmmnnnn it shocked

What the dumb herder cannot destroy does not exist undecided

Nig urgently needs a sane and sound leader!

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Naijanascam: 7:42pm On Sep 20, 2021

Out side this na wayo

3 Likes 2 Shares

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by musicwriter(m): 7:42pm On Sep 20, 2021

Of course, AbokiFX has nothing to do with the value of the Naira, rather Mr. Emefiele is paranoid at this point and can blame anybody for the fall, except himself.

3 Likes

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Danosophe(m): 7:47pm On Sep 20, 2021

The owner, managers, and operators of AbokiFx are criminals. They are the cause of the Inflation in the currency vis-a-vis economy. How does someone who is not a staff of the CBN or any other official financial operating body in Nigeria unscrupulously determine the rate of the Naira to other currencies of the world?
Where is his or their office located in Nigeria?

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by PotatoSalad(m): 7:47pm On Sep 20, 2021

GeneralPula:
So $100 is now 57500 Naira..

This will only Favour those who earns in dollars as what they are earning will be proportional to what they spending..

But you see salary earners? Dem go dey jonze presently..

It favours no one as long as inflation exists.

8 Likes

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by naijaking1: 7:48pm On Sep 20, 2021

SpecialAdviser:

Why do you guys keep calling this CBN governor? What nonsense?

Is Buhari not the president? Nobody can perform well under the lifeless man. Tell me one parastatal doing we'll.

Yes, especially when the CBN governor gets his daily marching order from Buhari

4 Likes

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Bizibi(m): 7:49pm On Sep 20, 2021

I knew it will get to 600 naira....

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Kondomatic(m): 7:50pm On Sep 20, 2021

SpecialAdviser:

Why do you guys keep calling this CBN governor? What nonsense?

Is Buhari not the president? Nobody can perform well under the lifeless man. [b] Tell me one parastatal doing we'll[/a] .

Banditry

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Techm8: 7:51pm On Sep 20, 2021

So is CBN still going to blame them?
Download the Ikeja electric mobile app for convenience service

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by RodgersAkpafu: 7:52pm On Sep 20, 2021

PUSSYHOE:
Black race is cursed!

This is too harsh

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Angelfrost(m): 7:53pm On Sep 20, 2021

MALIGNANTGuest:

I projected #600 by the end of the year but I never knew I was totally wrong.
We may be having a BUMPER XMAS GIFT this time around.

800 to 1000 Naira per Dollar by December is a very reasonable estimate or prediction...

By the time Buhari hands over, I wonder what will be left of the Nation's economy!!!

At this point, I sense he is already running short of nations to take loans from.

2 Likes

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by naijaking1: 7:54pm On Sep 20, 2021

Danosophe:
The owner, managers, and operators of AbokiFx are criminals. They are the cause of the Inflation in the currency vis-a-vis economy. How does someone who is not a staff of the CBN or any other official financial operating body in Nigeria unscrupulously determine the rate of the Naira to other currencies of the world?
Where is his or their office located in Nigeria?

Neither you nor Buhari officials can prove that Abokifx is fixing the rate, because they couldn't. They only report the rate on Lagos street as it happens. Killing the messanger when the message is not palatable to you is wrong.

5 Likes

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by RodgersAkpafu: 7:54pm On Sep 20, 2021

naijaking1:

Yes, especially when the CBN governor gets his daily marching order from Buhari

Why should a central bank chair take orders from the president?

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by grandstar(m): 7:54pm On Sep 20, 2021

Only 3 things are needed to restore sanity to the market.

1. Devalue the CBN rate of 410 to $1 to 470.

2. Restart the sale of dollars to the BDC.

3. Sell the dollars to them at 465 or even 470 with a N5 top-up when reselling the forex.

This will lead to the close merger of the official and BDC rates. It will also flood the market with dollars.

The present scarcity is due to market failure engineered by the president (with a lamentable understanding of economics) and the puppet CBN governor who has refused to assert his independence.

3 Likes

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Gabkosh: 7:55pm On Sep 20, 2021

By the time that dead man is done with Nigeria, Hahahaha

2 Likes

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by AmuEbule: 7:56pm On Sep 20, 2021

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Enyimbamercedes: 7:56pm On Sep 20, 2021

LOL!

What will Emefiele ban now?

Bruce Banner!

He will raid Zone 4 or your Dom accounts

Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Sheuns(m): 7:57pm On Sep 20, 2021

It traded for 562 this evening

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