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Naira Crashes To Record Low At Official Market - Business (2) - Nairaland

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Naira Crashes To All-time Low, Hits N1043.09/$1 At Official Market / Naira Falls To Record Low At I&E Window, Trades ₦‎993/$ / Investor & Exporter Window Crashes to All Time Low At N788.42/$1 (2) (3) (4)

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Re: Naira Crashes To Record Low At Official Market by Algold: 12:13pm On Oct 15, 2021
Weldon
Re: Naira Crashes To Record Low At Official Market by NaMe4: 12:14pm On Oct 15, 2021
Which kain mumu picture be dat one?
Only one of those Benjamins don collect the naira equivalent.

1 Like 1 Share

Re: Naira Crashes To Record Low At Official Market by fadajosh: 12:14pm On Oct 15, 2021
this naira note self....one pair of jeans now na big money ....chaiiii
Re: Naira Crashes To Record Low At Official Market by Brushstrokes20: 12:15pm On Oct 15, 2021
By the time the self serving, sadistic, redundant coupist is done with the shithole, Nigerians will queue up for Somalia and Rwanda visas in their droves!

3 Likes

Re: Naira Crashes To Record Low At Official Market by iLegendd(m): 12:16pm On Oct 15, 2021
Eyaah. Those of us that make our money in Dollar and Pounds and save it there and in Crypto, are we supposed to cry? Nah!

1 Like 1 Share

Re: Naira Crashes To Record Low At Official Market by Zidoh(m): 12:19pm On Oct 15, 2021
We will get over it one day.
Re: Naira Crashes To Record Low At Official Market by gulfer: 12:20pm On Oct 15, 2021
Emefiele doing chemistry practical with Nigerian Economy, I just hope he is not an IPOBIAN mole in the Nigerian government; we have never had it this bad.....Wonder when there will be a total overhaul of the inept ministers in this government angry angry angry angry angry angry

1 Like

Re: Naira Crashes To Record Low At Official Market by effort1: 12:22pm On Oct 15, 2021
treesun:


Hope they will shut that one down too for publishing wrong figures. grin grin grin grin grin

No, it is Punch they will shut down this time around
Re: Naira Crashes To Record Low At Official Market by PaedophileProph: 12:24pm On Oct 15, 2021
It's high time we have a president that understands the modern economic architecture of the world .

It's high time we stop enthroning Military or academicians with zero knowledge about real-time successful business development to save this country

2 Likes

Re: Naira Crashes To Record Low At Official Market by Xilsbridalhouse(f): 12:24pm On Oct 15, 2021
Bank rates are now so high.
Re: Naira Crashes To Record Low At Official Market by treatise: 12:27pm On Oct 15, 2021
Kayberg:
undecided
What works in Nigeria again other than oppression?
other things still work: RUGA, grazing route, cow colony and bigotry.

1 Like

Re: Naira Crashes To Record Low At Official Market by naijapower(m): 12:27pm On Oct 15, 2021
CBN should call for Innovative Solution to address Naira issue
Re: Naira Crashes To Record Low At Official Market by venabili: 12:29pm On Oct 15, 2021
Olarewaju89:
Buhari has failed all Nigerians including his supporters except if they want to lie undecided


See promises ;

They were unrealistic promises from the get go. It was just sumtin to say. He even knew he doesn't need to convince anyone since there is a North/West political alignment, rigging and underage voting as strategies to use.

Anyway, Nigerians will still vote in another APC or PDP candidate in 2023. Recycling the same old failures.

3 Likes

Re: Naira Crashes To Record Low At Official Market by Mryacks: 12:29pm On Oct 15, 2021
Biafrarep:
Middle class has been wiped out completely in Nigeria. Now it's either you're among the 1% wealthy that includes politicians and elite, or you're among the 19% poor or 80% dirt poor.

Don't delude yourself, having a car or living in a good house in Nigeria now does not mean you're rich. How can you be rich yet you struggle to fuel your car, struggle to fill your gas, struggle to pay rent, struggle to pay fees, and even struggle to afford things that should be basic on normal circumstances. You're poor my friend and that's the sad reality undecided undecided

Some Nigerians can't afford ordinary sardines, toothpaste or other toiletries anymore, it's that bad cheesy cheesy

Well said...

2 Likes

Re: Naira Crashes To Record Low At Official Market by theantidote: 12:31pm On Oct 15, 2021
And the minister of finance and the cbn governor still remain in office.. This is the most useless government in Nigeria's history.. My dad told how hard things were in 1983 when he was campaigning in 2015, yet the fools among us voted him in

3 Likes

Re: Naira Crashes To Record Low At Official Market by abatechz(m): 12:31pm On Oct 15, 2021
the continues crash is not healthy for the economy, hardship everywhere.

1 Like

Re: Naira Crashes To Record Low At Official Market by gabicon: 12:33pm On Oct 15, 2021
treesun:


https://punchng.com/naira-crashes-to-record-low-at-official-market/

The Naira is weak because we produce nothing and have a taste for foreign made goods, 90% of the people complaining on social media and declaring dooms day produce nothing yet they complain of devaluation or think the CBN is the problem. To save our currency we have to make things the world needs and earn foreign exchange, the complain is sickening, the average home in China is a mini factory, they are either making jewelry or small electronics, the people doing this are not half as educated as Nigerians.

2 Likes

Re: Naira Crashes To Record Low At Official Market by Alexxien: 12:34pm On Oct 15, 2021
SarkinYarki:



Toilet paperis already 200 times more valuable than the naira ... One naira can't buy toilet paper
Lol……make I Dey save my money on toilet papers grin

1 Like

Re: Naira Crashes To Record Low At Official Market by Mamijoh(f): 12:34pm On Oct 15, 2021
TripleOh7:
Very soon, toilet paper will be more valuable than the Naira.

In other words we go soon dey use Naira notes dey clean yansh for toilet.
pls we don't pray for that one ooh angry angry angry angry
Re: Naira Crashes To Record Low At Official Market by toluxa1(m): 12:34pm On Oct 15, 2021
What is today's rate at the black market?
Re: Naira Crashes To Record Low At Official Market by Olarewaju89: 12:35pm On Oct 15, 2021
venabili:


They were unrealistic promises from the get go. It was just sumtin to say. He even knew he doesn't need to convince anyone since there is a North/West political alignment, rigging and underage voting as strategies to use.

Anyway, Nigerians will still vote in another APC or PDP candidate in 2023. Recycling the same old failures.

You are right bro. God will help us.
Re: Naira Crashes To Record Low At Official Market by Angelfrost(m): 12:36pm On Oct 15, 2021
IMASTEX:
Sadly, they are targeting #1,000 to $1. So that more Nigerians would be in extreme poverty. The master plan is to wipe out the middle class. So it's either you're living or you're just existing.

Master plan to wipe out the Middle class??! Middle class that has ceased to exist for over 2 years??!...

The plan is to turn an average Southerner to a typical hungry Northerner! Until most Southerners eat sand and grass, these charlatans won't rest!!! tongue

1 Like

Re: Naira Crashes To Record Low At Official Market by Nobody: 12:37pm On Oct 15, 2021
Mamijoh:
pls we don't pray for that one ooh angry angry angry angry

With the way Nigeria is going, we will need more than prayers this time o.

1 Like 1 Share

Re: Naira Crashes To Record Low At Official Market by JaskanFactor: 12:38pm On Oct 15, 2021
everybody in Nigeria should agree to start using foreign currency before naira is worth less than the paper its printed on.

1 Like

Re: Naira Crashes To Record Low At Official Market by grandstar(m): 12:38pm On Oct 15, 2021
They should please allow the official rate to fall to 460 and restart the sale of dollars to the BDC's at 460. I'm sure both rates will basically merge.

It's time PMB stops living in denial
Re: Naira Crashes To Record Low At Official Market by Nobody: 12:38pm On Oct 15, 2021
TripleOh7:
Very soon, toilet paper will be more valuable than the Naira.

.
Toilet roll is already N125 to 1

1 Like

Re: Naira Crashes To Record Low At Official Market by Angelfrost(m): 12:38pm On Oct 15, 2021
Brushstrokes20:
By the time the self serving, sadistic, redundant coupist is done with the shithole, Nigerians will queue up for Somalia and Rwanda visas in their droves!

Nigerians are already queuing up for Rwandan visas...

The only nations Nigerians manage or reluctantly avoid are war torn nations!

The pride is gone!!! Reality is a bitch!!!

3 Likes

Re: Naira Crashes To Record Low At Official Market by Euegene100001: 12:39pm On Oct 15, 2021
Buhari . I once changed dollar 50dollar for 15k
I did again in september its 30k cia
Re: Naira Crashes To Record Low At Official Market by blowjohn(m): 12:39pm On Oct 15, 2021
Biafrarep:
Middle class has been wiped out completely in Nigeria. Now it's either you're among the 1% wealthy that includes politicians and elite, or you're among the 19% poor or 80% dirt poor.

Don't delude yourself, having a car or living in a good house in Nigeria now does not mean you're rich. How can you be rich yet you struggle to fuel your car, struggle to fill your gas, struggle to pay rent, struggle to pay fees, and even struggle to afford things that should be basic on normal circumstances. You're poor my friend and that's the sad reality undecided undecided

Some Nigerians can't afford ordinary sardines, toothpaste or other toiletries anymore, it's that bad cheesy cheesy


More importantly, how can u be rich when u don't even have enough to give out to others?

2 Likes

Re: Naira Crashes To Record Low At Official Market by Simdyofficial(f): 12:42pm On Oct 15, 2021
Unity beggars no dey come this kind topic

1 Like

Re: Naira Crashes To Record Low At Official Market by Angelfrost(m): 12:44pm On Oct 15, 2021
venabili:


They were unrealistic promises from the get go. It was just sumtin to say. He even knew he doesn't need to convince anyone since there is a North/West political alignment, rigging and underage voting as strategies to use.

Anyway, Nigerians will still vote in another APC or PDP candidate in 2023. Recycling the same old failures.

That's exactly why there might be no hope for this nation...

Most politicians itching for presidency just want their share of the cake, and to further enrich their households... Most of them know deep down that there is next to nothing they can do to redeem the disaster Buhari has brought upon this nation!

Anything other than complete debt forgiveness and massive industrialization with diminished importation, just forget it!!!

1 Like 1 Share

Re: Naira Crashes To Record Low At Official Market by Didi2d(m): 12:45pm On Oct 15, 2021
IMASTEX:
Sadly, they are targeting #1,000 to $1. So that more Nigerians would be in extreme poverty. The master plan is to wipe out the middle class. So it's either you're living or you're just existing.

But why would they do that on purpose?

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