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Nairaland Forum / Nairaland / General / Business / Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate (29289 Views)
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Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by phorget(m): 11:29pm On Dec 31, 2021 |
visijo: You don phorget to buy postinor2 today abi? 1 Like |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by benpedro(m): 11:38pm On Dec 31, 2021 |
rentAcock:This must be sarcasm lol. You mean Americans and Europeans pouring billions to a country that generates less than 6000 megawatts in its 60 years of existence? Please cut it off with this clown show of yours! 1 Like |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by Kenn55: 11:43pm On Dec 31, 2021 |
rentAcock: If wishes were horses..... |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by udemzeus(m): 1:20am On Jan 01, 2022 |
This people produce, that the way out |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by grandstar(m): 1:26am On Jan 01, 2022 |
They should allow it to reach 470. Then, the CB' should resume the sale of forex to the NC at 470. I am sure the official rate and the parallel market rate will merge. At least, the gap won't be more than 2%. |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by Easy5265: 2:45am On Jan 01, 2022 |
hopefulLandlord: They say faith without works is dead. Works without faith will give positive results, why not choose to work. Religion makes us outsource what we can do ourselves. 1 Like |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by Bifwoli: 3:05am On Jan 01, 2022 |
tititaiwo44:Why didn't you give earning ideas,business ideas and avenues? Foreign currency doesn't grow on trees ,ya know? |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by Bifwoli: 3:07am On Jan 01, 2022 |
Easy5265:They say the only time success comes before work ...is in the dictionary. |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by segtech68: 3:29am On Jan 01, 2022 |
Bro you forgot to add india with 1.4 billion population and a country that has no issue with any other country in the world. me i've already lost hope in africa. I did a careful research and i discovered that even some african countries with youth president are the worse. So which means there's no hope even if we get a youth president the best thing is just to find a way out of that shit hole RodgersAkpafu: |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by LockDown69(m): 4:28am On Jan 01, 2022 |
Make I enter my bet365 account sharply |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by visijo(m): 4:45am On Jan 01, 2022 |
phorget:bad minds |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by DuBLINGreenb(m): 6:07am On Jan 01, 2022 |
rentAcock: That's not how it works chief. I am a lawyer and someone who is very knowledgeable in world affairs, global trade, diplomacy and economics. To be the next China you need 1. Security 2. Stable currency exchange rate(stable local currency) foreign companies will not want a currency like naira that fluctuates every 2 hours that's incredibly dangerous for business in 5 years naira went from 300 to 570 per dollar every company holding naira for that period would have lost half their value due to nairas devaluation 3. Electricity: FACTORIES and manufacturing plants will find it difficult to make profits if they have to rely on petrol or petrol generators 4. Cost of transportation of goods from and out of Nigeria it costs twice as much to transport goods by air to Ghana than to Nigeria this is why most big companies use Ghana rather than Nigeria to get into the west African market So manufacturing plants based in Nigeria will find it very expensive and difficult to export goods due to high cost and grid lock at apapa port and the under utilisation and insecurity at other ports Should I continue? Countries in Africa that can be the next China are 1. Tanzania, 2. Ethiopia 3. Kenya 4. South Africa 5. Ghana These countries already have good road networks, low import and export costs, relatively stable electricity atleast 12hours per day, they have already started seeing influx of Chinese and other foreign countries setting up manufacturing plants read about the plats set up in Ethiopia by Chinese and the phone manufacturers in Kenya I think Nigeria double or triple taxation at state, federal and local government level as well as insecurity drives away multinationals Wilbros were chased our of Nigeria because Nigerian workers wrecked them stole from them and kept taxing them unofficially (community boys and elders taxed the company into the ground) despite them paying the official taxes as well. Today theconoa y is no more their building has been abandoned for many years now. Now those chiefs and "youths" have noone to tax their hardworking relatives who used to work for the company and also steal from them no longer have work since that time. 2 Likes |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by tititaiwo44(f): 6:09am On Jan 01, 2022 |
Bifwoli: Learn a digital skill you can flow with -coding -copywriting -Digital Marketing -Graphics/video editing etc And pitch to foreign market ready to pay for your service. |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by Navalsadiq(m): 6:57am On Jan 01, 2022 |
Jibwillz:says who.its good market for PTA hustlers.the dollar is selling 570 at the black market.with a difference of 157 naira it's a gud market for them |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by LINTUNE(m): 7:24am On Jan 01, 2022 |
COMPAQ:you are really smart, ppl like u is y I always visit this forum more often. |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by Trentee4eva: 7:25am On Jan 01, 2022 |
post=108971284:You will fall the same way the Naira has been falling against the dollar. Liar from the pit of hell. A dead horse is better than you and Buhari. 1 Like
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Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by LINTUNE(m): 7:29am On Jan 01, 2022 |
rentAcock:oga don't flatter yourself, naija is no longer the giant of Africa, there are so many African countries now far better than naija, what happened to Namibia , S.A , ghana , equitorial guinea, Rwanda..it's high time we start telling ourselves the truth,the only advantage naija has its her population, most natural resources we have,this countries have them too. |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by Trentee4eva: 7:31am On Jan 01, 2022 |
Zico5:He will never wake up. Evil will always remain evil. |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by ChybuzzDD(m): 7:38am On Jan 01, 2022 |
post=108971284: I don't think you understand what they really mean when they say "naira tumbles". Bros, it means it's crashing against the dollar. So, i don't see how your "slow and steady we get to the nation of our dreams" comment relates to this bad news about the naira. Well, it seems you sychophants use every available opportunity to praise that dullard at Aso Rock, even when the news is saying otherwise. 1 Like |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by Roysnickz: 8:16am On Jan 01, 2022 |
LockDown69:How does airtm work? 08034942861 |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by YoungDaNaval(m): 8:28am On Jan 01, 2022 |
JANK23H:I don't tire for that guy |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by caracas: 10:46am On Jan 01, 2022 |
post=108971284:Oga are you OK? Pls in case you dont know, its a brand new year , all this your inanities n shenanigans will not be tolerated on this forum...... 1 Like |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by DAVE5(m): 11:54am On Jan 01, 2022 |
VOsimhen144: Very true ohh |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by DAVE5(m): 11:58am On Jan 01, 2022 |
tititaiwo44: You dey waste ur time, he probably would ask you how he would learn those things you listed |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by Bifwoli: 2:53pm On Jan 01, 2022 |
DAVE5:That's a damned lie liar . |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by Lush100(m): 10:55pm On Jan 01, 2022 |
I hope cbn understands that abokifx has not been operating since una ban them. So what is the blame this time or who is to blame. The incompetence of this administration is a special one. |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by MisterKennedy(m): 2:35pm On Jan 02, 2022 |
tititaiwo44: You're right dear. Do you do any online business that pays in foreign currency? I want to learn from you. |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by MisterKennedy(m): 2:42pm On Jan 02, 2022 |
rentAcock: Baba wake up from your dream ani na facade ani na illusion wey I go call am Without unity in Nigeria there is no country Why do you think Twitter moved its African Headquarters to Ghana and other multinational companies are following suit How many time have you heard of insurgency in Ghana or anything like that? Where there is no peace and unity there. can't be much growth. Maybe in the next 20 years Nigeria might start becoming better but for now I'm sorry we have a long way to go |
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by darneals: 8:49pm On Jan 04, 2022 |
Kindly avoid this Set of Criminals. They have defrauded over 18 different telegram groups in Nigeria alone. It's a massive Fraud. It is owned and manually operated by Nigerians who are just recycling people's money. Avoid these cold thieves. B6XX is a Major Scam
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Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by darneals: 8:50pm On Jan 04, 2022 |
Roysnickz: Kindly avoid this Set of Criminals. They have defrauded over 18 different telegram groups in Nigeria alone. It's a massive Fraud. It is owned and manually operated by Nigerians who are just recycling people's money. Avoid these cold thieves. B6XX is a Major Scam
|
Re: Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate by darneals: 8:58pm On Jan 04, 2022 |
Roysnickz: Kindly avoid this Set of Criminals. They have defrauded over 18 different telegram groups in Nigeria alone. It's a massive Fraud. It is owned and manually operated by Nigerians who are just recycling people's money. Avoid these cold thieves. This is my number 07033900544 Avoid this scammers They took our money and blocked us on Telegram B6XX is a Major Scam
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