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Nairaland Forum / Nairaland / General / Business / Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks (17423 Views)
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Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Omooba77: 7:57am On May 17, 2022 |
The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. https://punchng.com/dollar-hits-n600-at-parallel-market-forex-supply-shrinks/
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Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Painintheass221: 7:59am On May 17, 2022 |
Blame Russia seriously, the effects of the russo-ukrainian conflict is overwhelming 4 Likes 1 Share |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Amerengues2: 8:03am On May 17, 2022 |
There is no sight of resurrection of the dollar but a continuous shameful steep of the dollar to naira. We are not an exporting country again. In fact, the problem of Nigeria isn't exportation of Agricultural produce as opined by experts; Nigeria's superiority in cocoa production has been dwarfed by Ghana and Cote d voire. However,we produce cocoa, export it to foreigners, they process it to chocolates and make X5 of it, then we import it as chocolate. Countries that have no cocoa farms are making a lot from our cocoa. We are among the top producers of cassava, we pride ourselves in it. Apart from fufu, and garri, what else? However, the Chinese come here, but cassava chips. They produced starch from it; Produced ethanol; produced starch etc. Heard of an account of an Indian that came to Ogbomosho to buy Cashew worth 450million. They take it back, process it and get oil, they even roast it and get multiple folds from it yet the producers languishes in poverty. As much as too much importation is doing much harm to us, the archaic exportation of raw products does greater harm without processing. We can keep counting! Even crude oil is being exported without refined and we import refined one. Spending 1.4tr on subsidy and managing refineries that are not functional. The problem remains- we import back our goods at premium price. All the cocoa farmers in West and south have turned Okada riders in Lagos. In sum, dollar will continue to rise in as much as we are not willing to diversify. Agriculture isn't the way but processing of those products to get greater gains. Though this dollar scarcity is politically induced. IamMichael 86 Likes 9 Shares |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by SmartPolician: 8:07am On May 17, 2022 |
Atiku chased away journalists because he wanted to share dollars. Osinbajo, understanding who he's dealing with (Tinubu), is also sharing money. Peter Obi doesn't share money - nothing for him. 9 Likes 2 Shares |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by oluseyiforjesus(m): 8:08am On May 17, 2022 |
Aye Buhari ti woooooooo patapata...... Reason-:They hv bought plenty dollars for primaries May Buhari never happen to Nigeria again in Jesus name........ 40 Likes 4 Shares |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Mooh247: 8:09am On May 17, 2022 |
Atiku Dollars, Sarathief, Pandora and Wike mopping up Dollars for election https://www.youtube.com/watch?v=6i3-QckIrtM . 2 Likes
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Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by nony43(m): 8:09am On May 17, 2022 |
1$ = 1naira haha. Abeg aboki fx follow do this one? Buhari and his gang of thieves have finished this country. It is good for we in the abroad. 13 Likes 1 Share |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Tonymegabush1(m): 8:09am On May 17, 2022 |
Wonders |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by ufuosman(m): 8:09am On May 17, 2022 |
Buhari nothing u no fit spoil 5 Likes 1 Share |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by NOETHNICITY(m): 8:09am On May 17, 2022 |
Abeg make una advise me I have $27000 starched out since. Is it not time cash out? I bought them when it was 484, infact I regret not converting my entire savings 7 Likes |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by DarkCaesar(m): 8:09am On May 17, 2022 |
T |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by KoshCAD: 8:09am On May 17, 2022 |
Hmmm, okay o |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Realists(m): 8:09am On May 17, 2022 |
The Nyamiri Cbn governor has set new record, imagine a greedy Jew has shown the world, why it's dangerous to give them public pot to manage. 6 Likes 2 Shares |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by potbelly(m): 8:09am On May 17, 2022 |
Emefiele hand work... 7 Likes 1 Share |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by incandescentena: 8:10am On May 17, 2022 |
They banned "Aboki Fx" website, saying it was the cause of the dollar rise. It's just complete failed economy under incompetent leadership 15 Likes 1 Share |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by slawormiir: 8:10am On May 17, 2022 |
Damnnn niggar Isoright |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Kingcalls: 8:10am On May 17, 2022 |
Naso APC take destroy Nigeria...if the citizens were normal, APC will fail woefully , no matter the candidate they produce... e go still reach 700 or 800 3 Likes |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by APOPTOSIS: 8:11am On May 17, 2022 |
Ok I am going higher yes I am.... I am going higher someday... Abeg make person upload that song! I thought BuBu's target was to peg it at #600 by the end of his tenure.. From what I can see now, he may be running faster than I thought 1 Like |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Yeportt: 8:11am On May 17, 2022 |
Buhari is working |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by TOPCRUISE(m): 8:11am On May 17, 2022 |
Back then they said they will make one dollar equal to one naira if we vote for change. And we all voted. Truth is Buhari wanted everybody to become thin like him. Many that voted him in 2015 have now lost weight. WHO DID IT? BUHARI! O MY GOD 5 Likes |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by iCauseTrouble: 8:11am On May 17, 2022 |
Good news for some of us 4 Likes |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Kingozymandias(m): 8:12am On May 17, 2022 |
How much is pounds I have about £2000 to change any idea OP? Google is showing me nonsense |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by allanphash7(m): 8:12am On May 17, 2022 |
And this bastard wants to be the president 2 Likes |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by pretydiva(f): 8:12am On May 17, 2022 |
This country is gone 1 Like |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by izzy4shizzy(m): 8:12am On May 17, 2022 |
My God! We are doomed.. Nigeria is living on borrowed time Literally living on borrowing |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by jeff1607(m): 8:13am On May 17, 2022 |
It is finished |
Re: Dollar Hits N600 At Parallel Market, FOREX Supply Shrinks by Maxymilliano(m): 8:13am On May 17, 2022 |
it is safe to conclude that this useless regime has been a curse to the citizens than blessings .. 6 Likes
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