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Simple reason why dollar rises against the naira - Politics - Nairaland

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#1,500/$ Naira Rises Against The Dollar As Enemies Of Nigeria Wails / This Is The Simple Reason The White Man does Better Than The Blackman / Simple Reason Wike Can't Reign In EDO (2) (3) (4)

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Simple reason why dollar rises against the naira by Biodun556(m): 6:56am On Jul 21, 2022
Analogy

Nigeria sells crude oil at 100,000 dollars

Import refined crude in oil at 50,000 dollars

Nigerians travelling abroad in needs 200,000 dollars for:
School fees
Medical bills etc abroad

The remaining 50,000 dollars from crude oil sales is not enough for Nigerians who needs to spend it abroad.

Creating scarcity of dollars, thereby making dollar price to go up
Re: Simple reason why dollar rises against the naira by Biodun556(m): 6:56am On Jul 21, 2022
This post is edited

1 Like

Re: Simple reason why dollar rises against the naira by Totilopussylick(m): 6:59am On Jul 21, 2022
Oyedepo and smiles tongue

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Re: Simple reason why dollar rises against the naira by Christboy320(m): 6:59am On Jul 21, 2022
Biodun556:
grin

Is there any difference in the character of so called fake bishops and real bishops?
Yes there is

1 Like

Re: Simple reason why dollar rises against the naira by Lawag3: 7:00am On Jul 21, 2022
Biodun556:
grin

Is there any difference in the character of so called fake bishops and real bishops?

Yes the people this bishops are with are not trying to force a Moslem Moslem ticket on Nigerians and they were not paid to be there undecided

6 Likes

Re: Simple reason why dollar rises against the naira by Viscuz: 7:08am On Jul 21, 2022
Wetting APC go use campaign Bayi ?

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Re: Simple reason why dollar rises against the naira by Realtalk20: 7:10am On Jul 21, 2022
Biodun556:
grin

Is there any difference in the character of so called fake bishops and real bishops?

Stop making fun of the Christian faith. Don't come and hide under Islam to act so uncivilized.

Don't attract insults to Islam with your uncivilized behaviour here.

3 Likes

Re: Simple reason why dollar rises against the naira by Viscuz: 7:14am On Jul 21, 2022
Realtalk20:


Stop making fun of the Christian faith. Don't come and hide under Islam to act so uncivilized.

Don't attract insults to Islam with your uncivilized behaviour here.


As you warn am so e go deaf until e receive reply e go begin shout say them insult e faith
Re: Simple reason why dollar rises against the naira by Righthussle: 7:40am On Jul 21, 2022
Another northerner to be our president after Buhari, God forbid.

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Re: Simple reason why dollar rises against the naira by Biodun556(m): 5:24pm On Aug 03, 2022
N
Re: Simple reason why dollar rises against the naira by Biodun556(m): 5:34pm On Aug 03, 2022
Re: Simple reason why dollar rises against the naira by silibaba: 5:40pm On Aug 03, 2022
Biodun556:
Analogy

Nigeria sells crude oil at 100,000 dollars

Import refined crude in oil at 50,000 dollars

Nigerians travelling abroad in needs 200,000 dollars for:
School fees
Medical bills etc abroad

The remaining 50,000 dollars from crude oil sales is not enough for Nigerians who needs to spend it abroad.

Creating scarcity of dollars, thereby making dollar price to go up

Baseless analogy.

Those Nigerian traveling outside the country also return back to the country with even more dollars.

BDC are the entity creating fake scarcity of dollars.

1 Like

Re: Simple reason why dollar rises against the naira by Biodun556(m): 5:42pm On Aug 03, 2022
silibaba:


Baseless analogy.

Those Nigerian traveling outside the country also return back to the country with even more dollars.
Majority of Nigerians abroad never return let alone returning with a dollar
Re: Simple reason why dollar rises against the naira by Biodun556(m): 5:46pm On Aug 03, 2022
silibaba:


Baseless analogy.

Those Nigerian traveling outside the country also return back to the country with even more dollars.

BDC are the entity creating fake scarcity of dollars.

The dollar entrying the economy is far less than the dollar Nigerians need to spend abroad.

BDC is merely taking advantage of the dollar scarcity.
Re: Simple reason why dollar rises against the naira by omowolewa: 5:48pm On Aug 03, 2022
Just say we too like "imported"
Re: Simple reason why dollar rises against the naira by Biodun556(m): 5:50pm On Aug 03, 2022
omowolewa:
Just say we too like "imported"

Not even importation, the dollar we earn from export is being used to import refined fuels

If we refine locally, there will be enough dollars for Nigerians to Spend
Re: Simple reason why dollar rises against the naira by Biodun556(m): 9:42pm On Aug 03, 2022
cool

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