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Nairaland Forum / Nairaland / General / Business / Naira Crashes To Record Low At Official Market (48249 Views)
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 Tpharell: 3:04pm On Oct 15, 2021 |
stepaside2:You my friend are out of touch with reality 3 Likes |
Re: Naira Crashes To Record Low At Official Market by abbey621(m): 3:21pm On Oct 15, 2021 |
I'm surprised it is not 1,000 Naira to 1 Dollar. Country produces nothing, imports almost everything and keeps borrowing money just to survive and service existing debts.....CRAZY! A country that cannot build a functioning refinery in over 6 years, anyone that still hopes this country can be redeemed is just plain delusional......I'm afraid the worst is yet to come, judging by the lack of credible candidates for 2023, Nigerians are in for more shockers! 2 Likes |
Re: Naira Crashes To Record Low At Official Market by Temptee101(m): 3:21pm On Oct 15, 2021 |
treesun: Bought 12.5kg for N7,850 yesterday This country is long gone |
Re: Naira Crashes To Record Low At Official Market by seyz91(m): 3:25pm On Oct 15, 2021 |
TripleOh7: 1 Like |
Re: Naira Crashes To Record Low At Official Market by IMASTEX: 3:35pm On Oct 15, 2021 |
Didi2d:Because African leaders are using poverty as a political tool to weaken the people. And so doing, only the few keep enjoying power & wealth without any fear of confrontation from the already weakened & starved people. And if you think to dare standup against them, they will use the money they have to mobilise those they made poor against you. I.e. Endsars. Currently, just #50k can mobilise stadium full of people who will be willing to take any order. 1 Like |
Re: Naira Crashes To Record Low At Official Market by stepaside2: 4:08pm On Oct 15, 2021 |
Tpharell:Pls share why you think so. I stated what I thought was happening and the best way forward. Having different rates gives room for arbitrage which is the key problem. Most people buy forex at the black market price not at the official exchange. Think about that for a sec |
Re: Naira Crashes To Record Low At Official Market by stepaside2: 4:18pm On Oct 15, 2021 |
adonainana:It is a dilemma. Rigidly sticking to an official exchange rate is artificial at best. It works if you are generating enough to support the official rates but it is not so at the moment. Arbitrage is the bane of our forex woes at least for now. Raising productivity and exporting to generate more is the next step |
Re: Naira Crashes To Record Low At Official Market by Krismas(m): 4:30pm On Oct 15, 2021 |
gabicon:Be deceiving urself. We are not China and every man is a product of the government in power. Imagine a govt. banning Twitter not minding small businesses conducted by Nigerians on it! Its not love for foreign commodities but capitalism. Our goods can’t compete favorably with foreign goods. It kills innovation. E.g how can the Nigerian govt. be patronizing Benz wen Innosen is there? The German govt cannever do such. My solution to the problem is LETS SCRAP CAPITALISM. We don’t even have the capital to be relevant and foreign countries have too much headstart and we cannever catchup. Let’s try communism 2 Likes |
Re: Naira Crashes To Record Low At Official Market by Gfh1: 4:44pm On Oct 15, 2021 |
Elshaddai |
Re: Naira Crashes To Record Low At Official Market by Buckeyemedia1: 5:19pm On Oct 15, 2021 |
Sonicroyel:They should have also shut down mallamfx.com. |
Re: Naira Crashes To Record Low At Official Market by Franklyfrank300(m): 5:42pm On Oct 15, 2021 |
This is the most reason young people should consider freelancing. Freelancing is basically the business you do at will and when you programmed to do. You're your own Boss and you earn in dollars. There are. Many freelance sites just look an expert in one and get. If you're interested then get right to my digits and I will direct you to the freelance money pot.. Do this as quick as possible |
Re: Naira Crashes To Record Low At Official Market by Ihejirikakings(m): 6:14pm On Oct 15, 2021 |
After buhari's regime dollar will come down and Mr President will be surprise of how it happened. Nonsense government. |
Re: Naira Crashes To Record Low At Official Market by Calitoscassius(m): 6:18pm On Oct 15, 2021 |
How is this record low? I was expecting to see $1=900 naira. Rubbish!. 1 Like |
Re: Naira Crashes To Record Low At Official Market by kallycjn(f): 10:10pm On Oct 15, 2021 |
In my area is 8k for 12kg . Nigeria which way treesun: |
Re: Naira Crashes To Record Low At Official Market by AlhajaChinyere: 12:49pm On Oct 16, 2021 |
Biafrarep: 200million stupid unproductive people! They only know how to produce CHILDREN. If you keep importing everything you consume …..then your currency will have zero value. |
Re: Naira Crashes To Record Low At Official Market by AlhajaChinyere: 12:51pm On Oct 16, 2021 |
Ihejirikakings: You are wrong! It’s nonsense PEOPLE!!! Keep loving “imported” goods, foolish people of Nigeria. |
Re: Naira Crashes To Record Low At Official Market by AlphaMogul: 5:03pm On Oct 16, 2021 |
Re: Naira Crashes To Record Low At Official Market by AlphaMogul: 5:08pm On Oct 16, 2021 |
treesun:Your sarcasm is apt. Abokifx indeed! |
Re: Naira Crashes To Record Low At Official Market by Tpharell: 9:07pm On Oct 16, 2021 |
stepaside2:The fact that you actually believe in the delusional position of the cbn that an informational platform is responsible for the naira's slide is worrisome. Since abokifx was taken down why has naira not gained? |
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