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Nairaland Forum / Nairaland / General / Politics / Simple reason why dollar rises against the naira (1113 Views)
#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)
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 1 Like |
Re: Simple reason why dollar rises against the naira by Christboy320(m): 6:59am On Jul 21, 2022 |
Biodun556:Yes there is 1 Like |
Re: Simple reason why dollar rises against the naira by Lawag3: 7:00am On Jul 21, 2022 |
Biodun556: 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 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 ? 3 Likes
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Re: Simple reason why dollar rises against the naira by Realtalk20: 7:10am On Jul 21, 2022 |
Biodun556: 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: 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. 1 Like 1 Share |
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 |
Biodun556:n |
Re: Simple reason why dollar rises against the naira by silibaba: 5:40pm On Aug 03, 2022 |
Biodun556: 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: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: 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: 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 |
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