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Nairaland Forum / Nairaland / General / Business / Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension (35287 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 jaxxy(m): 9:28pm On Sep 20, 2021 |
GeneralPula: Is this Cbn/bank rate? Or black market?? SocialJustice: idolda: Who is dictating the rate to bureau the change outlets? Why don’t they just raise it to N700? Let’s all make criminal money? |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by hosemujica: 9:30pm On Sep 20, 2021 |
system21:Cattle rustling . |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by BigBashiru: 9:30pm On Sep 20, 2021 |
Angelfrost: it's not true....this is the narrative the white man wants you to believe. how do you explain UK having no natural resoure and being fewer in population being among wealthiest nations? it's because they are professional thieves that stole from and continues to steal from other countries including Nigeria. please look at my post on page 3 of this thread to understand more whats going on with African leaders. 1 Like |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by hosemujica: 9:31pm On Sep 20, 2021 |
amaham:Lol. I used to think like you. 1 Like |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by EgunMogaji2: 9:32pm On Sep 20, 2021 |
GeneralPula: I see your point. Because they didn't get an increase in income to match the higher cost. 2 Likes |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by hosemujica: 9:32pm On Sep 20, 2021 |
BigBashiru:Explain just one way they are stealing from Nigeria. |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by MajorOvakporaye(f): 9:34pm On Sep 20, 2021 |
scrolldown88: YOUR LAST PARAGRAPH PERFECTLY DESCRIBES |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by BigBashiru: 9:38pm On Sep 20, 2021 |
hosemujica: pls look at page 3 of this thread for my comment on how the west installs "leaders" in Africa.... to answer this ur question directly: 1. EU/uk sets high tariff for Nigerian raw materials or finished goods....then force the Nigeria to sell raw materials to them cheaper (of they could also achieve this thru a puppet president they have installed)... but Nigeria had addressed this under the Buhari administration who will now be cooperating with Eurasia as opposed to Europe. |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Corporate2020: 9:43pm On Sep 20, 2021 |
SpecialAdviser: This one head correct like this? |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by namo77: 9:49pm On Sep 20, 2021 |
Lolzzzz |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Kubernetes: 9:49pm On Sep 20, 2021 |
Both CBN Governor and finance Minister has performed below average on handling the Nigerian Economy |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by emonkey(m): 10:08pm On Sep 20, 2021 |
DuduParaPara: So the problem is no more Abokifx , it is Yahoo boys. Kai, I fear these your village people 1 Like |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Elxandre(m): 10:22pm On Sep 20, 2021 |
DuduParaPara:Not only yahoo boys earn dollars. |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Validated: 10:26pm On Sep 20, 2021 |
Nathan101:Where bros, not in Nigeria? I have some $$. I am not selling until govt remove subsidies on petroleum. |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Tinubuadvocate: 10:26pm On Sep 20, 2021 |
I can't believe that moderators still allow this thing to doing a nasty job here. effort1: |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Sirjamo: 10:27pm On Sep 20, 2021 |
Tinubuadvocate:That useless idiot is obviously jobless. I have advised him to go and join his village vigilante. 1 Like 1 Share |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by effort1: 10:32pm On Sep 20, 2021 |
Tinubuadvocate: Despite borrowing 21 trillion naira, your president still has no solution to anything. You so-called infrastructure doesn't have any positive effect on the people. Are you sure your children will not place a curse on your memory for defending failure? Are you doing all these because you are blind or because of personal monetary gain? 1 Like |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by omohayek: 10:47pm On Sep 20, 2021 |
grandstar:Unfortunately I don’t think allowing the BDCs to operate will be sufficient to solve the underlying problem, which is that Emefiele has been running the Naira printing presses day and night to cover the gigantic hole in FG finances which can’t be covered by yet more borrowing. As long as ever more Naira keep chasing the same level of goods and services, runaway inflation is inevitable, and the slide in the Naira’s external value is just one more manifestation of that. Sadly, Emefiele has proven times without number through the years that he lacks any understanding of this basic reality. |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by ORIAYO70(m): 10:56pm On Sep 20, 2021 |
vibre: Emefiele u have failed Same person u alleged that they make dollar now porous after banning them the dollar still sells at higher price... U have failed 2 Likes |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by SocialJustice: 11:22pm On Sep 20, 2021 |
omoadeleye:Even when he speaks, you can see he isn't so bright. I wonder how he grew to top management position in zenith Bank. 5 Likes |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Nosaghae(m): 11:41pm On Sep 20, 2021 |
SpecialAdviser:The banditry parastatal is doing very well sir 3 Likes |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by EndBuhariNow(m): 11:43pm On Sep 20, 2021 |
They should sell Nigeria and share the money |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by hosemujica: 12:16am On Sep 21, 2021 |
BigBashiru:Example of 3 of those raw materials please . |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Daboomb: 12:24am On Sep 21, 2021 |
SocialJustice: Dont mind the stupid, Fulani Hireling! He left Leprosy alone, he is busy chasing after RIngworm. When Buhari was asking him to devalue the naira and Print more Notes, does he not know that it will be a disaster for the Naira? Useless bunch of incompetents, it is Abokifx owned by a Southerner that is their problem, all those BDC Mallams are not their problem. 2 Likes |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by GeneralPula: 12:25am On Sep 21, 2021 |
jaxxy: |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Daboomb: 12:29am On Sep 21, 2021 |
Kubernetes: Dont Sugar-coat it, they are FAILURES, just like anything Buhari touches. 2 Likes |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by plaetton: 12:30am On Sep 21, 2021 |
Danosophe: Seriously, you can't be that fxxg dumb to think that a mere website that determines the exchange rate of the Naira. 2 Likes |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Amudeneogu: 12:50am On Sep 21, 2021 |
Our problem is that the oyibo people are using us to play football. 1 Like |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by Jackson105: 12:55am On Sep 21, 2021 |
SpecialAdviser: So is Buhari that should do his work? I know you are supporting him despite his cluelessness because he's your ibo brother. Continue 1 Like |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by adonainana: 1:05am On Sep 21, 2021 |
grandstar:. On point 3 regardless of what price you sell to bdc there is always a gap of 160 naira between official and the black market If CBN devalues to 470, you will first see a corresponding devaluation on the black market from 570 to 630. Then after the gap of 160 naira taking it to 790 naira to 1 dollar After that if demand still outstrips supply Expect it to keep moving from 790 and above This is the problem nothing else |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by BigBashiru: 1:15am On Sep 21, 2021 |
hosemujica: 1. cocoa - uk/EU hates African/Nigerian cocoa even though African cocoa is the best.... they set high tariff for it. 2. oil - hv you forgotten why USA invaded iraq? I can't think of a last one rn and iwont argue..just do ur research |
Re: Naira Plunges To N575 To A Dollar Two Days After Aboki FX Update Suspension by schoolboymatt(m): 1:26am On Sep 21, 2021 |
How unfortunate is how everything has turned out to be. |
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