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Nairaland Forum / Nairaland / General / Business / Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation (16165 Views)
Naira Rises By 7.7% As Official Exchange Rate Close At ₦1,142/$ / Nigeria’s Official Exchange Rate To Hit N1,068/$ By 2025 – EIU / CBN Confirms N410.25/$ As New Official Exchange Rate (2) (3) (4)
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Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by KaptainAfrika: 11:44am On Feb 17 |
Have you guys finished teaching Peter Obi lessons ? |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by AreaFada2: 1:25pm On Feb 17 |
RepoMan007:But we already import a lot of food. Imagine all the rice. Do we drain foreign reserve to further import? We will lose more credit worthiness and put the Naira under more pressure. It would seem doing anything in 9ja is fraught with serious problems: bureaucracy, red tape, corruption, lazy and incompetent officials. The climate is unconducive for investment. People like me have invested in agric before during GEJ govt. Herdsmen and bandits later came in the past few years and have driven workers away and farms burnt down. Insecurity is a BIG issue. We need a pan-African approach to tackling hunger. Then a regional currency that one country cannot just devalue anyhow. It has downsides as individual countries cannot react to economic changes quickly, but policies tend to be more sound when multi-national. No need for forex to import food from Gambia or Senegal or Niger anymore. If not for corruption, Taraba, Kwara, Oyo, Niger and other states with massive agric land could lease land to other states to farm and sell to people in their states, fill up state silos/stores to control food prices. Rice, corn, beans and others can be harvested in a few months. By the way, doesn't FG have food stores for strategic food security? 1 Like |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Jackson105: 1:42pm On Feb 17 |
Scholace: Keep fooling yourself. Business indeed |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Jackson105: 1:42pm On Feb 17 |
koondog: Lolz .... I can feed you and your parents. No cap. |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by RepoMan007: 2:00pm On Feb 17 |
AreaFada2:we are also importing petrol and subsidizing it with many billions of dollars already. Completely hands off petrol and use a fraction of the subsidy to import food. Food reserves are low so need food and not empty silos. |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Artscollection: 2:55pm On Feb 17 |
Primusinterpares: Damage control but fixing this kind of mess takes time, you have to restoren investor's confidence. |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by kcprince: 3:18pm On Feb 17 |
[quote author=Temi2468 post=128495097] How please?[/yquote] Export!!!. The easiest to start is charcoal. There are so many nairalanders doing it. Search them out . I do timber and solid minerals but that may be too capital intensive for export starters. I am also trying out my hand on crypto and Forex because I believe in the future export will no more be lucrative with the way government is trying to be in charge of dollar in our account and also the kidnap risk of going to those remote northern villages to buy export items because you have to be on ground to buy the best. If you depend on your workers they will send you back to village . |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Gerrard59(m): 4:38pm On Feb 17 |
RepoMan007: No mention of the destructive activities of Fulani herdsmen who are have slaughtered people across the country and their farmlands. You people are not ready to tell the truth. I won't be surprised you campaigned and voted for Buhari in 2015. It is so glaring. 1 Like |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by RepoMan007: 5:31pm On Feb 17 |
Gerrard59:it takes a PVC to cast a vote. Keep fishing. |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Temi2468: 8:28pm On Feb 17 |
[quote author=kcprince post=128502059][/quote] Wow! This is great, except for the risks involved. Thank you very much for this. If you know any, please, kindly link me up. |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by one4GOD(f): 9:57pm On Feb 17 |
Jamesclooney:for he shouldn't resign ooh ge should stay put till he himself gets overwhelmed by his level of ignorance 1 Like |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Gerrard59(m): 1:41am On Feb 18 |
RepoMan007: Good! Then, you lots deserve Tinubu. Una go sweat tire! |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by RepoMan007: 1:57am On Feb 18 |
Gerrard59:voters deserve him most. Smiles |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Konquest: 2:53am On Feb 18 |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Cromagnon: 2:59am On Feb 19 |
Drone95:That's what the math suggests My fear is govt doesn't start printing money That's, when we get the Zimbabwe, Venezuela, Germany situation where one dollar equals millions of naira |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Cromagnon: 3:07am On Feb 19 |
hustla:Una is Nigerians Cooperate with policies that will move us forward? It's like this debate is beyond your mental capabilities fa |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by hustla(m): 8:53am On Feb 19 |
Cromagnon: Na you no get any brain matter left Tell me a single Nigerian policy that has made sense in the last 5 years. Just one that has achieved any meaningful thing |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Cromagnon: 3:06pm On Feb 21 |
hustla:removal of subsidies GSM licensing Bank privatisation School privatisation Airlines privatisation Notice a pattern |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by hustla(m): 7:32pm On Feb 21 |
Cromagnon: You just dey put words together dey talk nonsense |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Cromagnon: 2:44am On Feb 22 |
hustla:just say you're not mentally equipped for this convo So you Eben know what a policy looks like or the consequences |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by hustla(m): 7:36am On Feb 22 |
Cromagnon: K |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Cromagnon: 5:13pm On Mar 08 |
hustla:you can't see patterns dey think and reason nonesense |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by hustla(m): 6:10pm On Mar 08 |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Cromagnon: 6:00am On Mar 14 |
hustla: Says the person that only insults instead of debates You're kid brainless one
Banking privatisation worked Airline privatisation GSM School University Now let's see if you can mention 1 policy just 1 I can bet na only insult or you run |
Re: Official Exchange Rate Closes Week At N1,537.96/$1 Amidst Surging Inflation by Cromagnon: 6:08am On Mar 14 |
hustla:Yet it is you that can't back up your claims .SMH |
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