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Naira Set To Hit N500 At Parallel Market After CBN Devaluation - Politics (4) - Nairaland

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Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by IMAliyu(m): 8:17pm On May 27, 2021
LilMissFavvy:
Lies......it once moved to 250, then went back fluctuating between 150-180.
Alright my mistake..

Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by stasius: 8:17pm On May 27, 2021
So 2000 dollars is now 1 million Naira? Chineke!


Naira is bonkom!

3 Likes

Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by simple250: 8:19pm On May 27, 2021
Digriz:
how did you do that?


Buy share in foreign currencies
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by IMAliyu(m): 8:19pm On May 27, 2021
Icumsa45:


Baba u dey lie o?? 350 That was the rate roughly 2 years ago. Hellfire is real sir.
dochenaj:
Even you know that's a lie, except you are just filled with ignorance. Then in that case you should either do your research before talking or just shut up.
Lie?
I just remembered the naira devaluation started at the beginning of 2015..
Seems I got it wrong.

Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by LagbajaTheBEREAN: 8:22pm On May 27, 2021
mightyhaze:
Nothing moves us anymore..

Let it be 2k
grin
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by IMAliyu(m): 8:23pm On May 27, 2021
cybersoldiers:


Liar.

You people don't change.

I wish I know your neighborhood I would campaign that they should ostracise you.
Houstency:


Chief chief Liar Mohd need to learn more from you!

See reply to the last guy..
Otherwise I will not modify my post or apologize.
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Luckydubby7(m): 8:27pm On May 27, 2021
Hmm
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by tunary(m): 8:29pm On May 27, 2021
ValCon888:
I left my money in dollars for a reason.
That's why it's good to work outside the Nigerian market so the economic bubble won't affect you.
how is it done
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Bigseven(m): 8:30pm On May 27, 2021
Buhari you doing well, please we want you to continue this good work in 3rd term tag FINAL LEVEL. Ejo sir continue ur tenure grin
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by coronavirus19: 8:30pm On May 27, 2021
alsudan:
The dullard promised 1 dollar = 1 naira, but by 2023, when he’s done with Nigeria, 1 dollar will be = 1000 naira.

I wish it gets to like 5000 naira. By then, Nigerians might get sense.
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by drealcivilceno(m): 8:30pm On May 27, 2021
Eriokanmi:
me I know to say e no dey possible. Only gullible youths believed them hook, line and sinker

It is possible if you start to move higher currencies within an economy like what ghana did, ours will increase.

They removed that and used their standard as NGN. Well it will favour aboki coz the government has sucked everything currency leaving it to private individuals to run the show and you know what that means.

2 Likes

Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by seunoyeleyep: 8:33pm On May 27, 2021
The retards spewing trash about their darling bastard won't be seen on this thread. Shame
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by iykepromotions: 8:34pm On May 27, 2021
Eriokanmi:
It's already 500 naira. Throughout today, I looked everywhere to buy just 1k USD for less than 500 naira , no way! Everyone I met was offering to sell at 500 naira
that's interesting. Very good for internet marketers who earn in dollars but definitely not good for the Nigeria economy. More inflation to come.
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Superboss: 8:34pm On May 27, 2021
Guys! We need to contribute money and pay Buhari off for the remaining two yrs.
The vegetable called Buhari is about to bury this once giant of Africa.

5 Likes

Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by afroxyz: 8:36pm On May 27, 2021
At this point its better buying dogecoin than holding the naira

2 Likes

Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Yankee101: 8:37pm On May 27, 2021
Dollar earners....happy...but you're still a nigerian...sad!

2 Likes

Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Willie2015: 8:38pm On May 27, 2021
iLegendd:
We don't care. We already know it will get to 1k before Buhari leaves.

If Tinubu takes over, we should be expecting 2k/$ before he leaves.

People should should be wise and keep their money in USD.

Apart from the above...

Everyone in Naija of 2day must have streams of income in USD ....

The age of the Naira has ended.....

2 Likes

Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Perfectnumber6(m): 8:38pm On May 27, 2021
Eriokanmi:
Yes you're right. CBN jacked up exchange rate to over 410 naira yesterday and this has destabilised everything in the forex market before close of business yesterday. Today's experience na wah
But am still wondering why banks in Nigeria don't sell dollars to their customers? Or is it because they benefit from these BDC indirectly? Because i was at the bank to buy dollars they said it must be for my BTA or else they can't sell to me that i should go to my local BDC.

2 Likes

Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Nobody: 8:40pm On May 27, 2021
pdppower:
We warned some people then against voting the mannequin, but they claimed we were mad. Who is mad now?

As payback to the clowns that voted this guy twice, let’s support a third term movement
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by LaReinaa(f): 8:41pm On May 27, 2021
We warned them in 2015 but they didn't listen.. they clamoured for change.. now we're all paying for their sins cry

2 Likes

Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by wazobia68: 8:43pm On May 27, 2021
Moorish:
Can any of the more intelligent and economic savvy ones here please explain how exchange rates work and why the naira to dollar rate was better during GEJ’s regime ?

Was it buhari’s policies that caused this ? Or some other factor ?

Nigeria can only print Naira, we don't print dollars. So if the country is not earning enough foreign exchange through exports etc, we will have shortage of foreign exchange which will likely lead to devaluation. That is simple economics. The Nigerian economy is not diversified, we rely heavily on crude oil export for our dollar needs. So if there is disruption in crude sales/price, we have this problem.
Now, Nigeria is not selling enough crude oil, due to OPEC restrictions as a result of covid 19 pandemic. Most countries are not operating fully so the demand for crude is reduced. Also India, I believe our biggest oil market have cut oil imports due to the ravaging effect of covid 19.
In a nutshell, this is the major reason.

We have other factors like, fuel importation, low productivity, population growth, education etc

7 Likes 1 Share

Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by LXG2(m): 8:44pm On May 27, 2021
If you have any plan of leaving this country this year, the earlier the better
and i hope you have tripled your hustle, because double is no longer enough.

The exchange rate is climbing and will soon get to #700. start taking steps to
make sure the money you need is complete. How do you make it complete
is by looking for other legit source of income.

Hit the link on my siggy and learn a skills and make serious money while doing so

2 Likes

Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by zolajpower: 8:45pm On May 27, 2021
Icumsa45:


You calling Gej drunken sailor when dollar was less than 200, what will you call Buhari? Don't forget dangote lost half of his networth to the cow lord
As far as I am concerned if there was a credible leader no soul would have voted for buhari or Jonathan .

3 Likes

Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Nobody: 8:45pm On May 27, 2021
pls where's that baskat that used to shout his darling daddy

2 Likes

Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by VictorUSA(m): 8:45pm On May 27, 2021
slivertongue:
buhari and his dumb appointees will destroy the little we survive on
They want to finish our last breath.
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Jukwasi: 8:46pm On May 27, 2021
etokhana:


https://thewhistler.ng/naira-set-to-hit-n500-at-parallel-market-after-cbn-devaluation/amp/?__twitter_impression=true
It wil end at 650. There was a country.
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Leks(m): 8:47pm On May 27, 2021
Philomiina:
My brother my sister, it is finally finished

Wait for it bro. It hasn't started.
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by VictorUSA(m): 8:47pm On May 27, 2021
Can you imagine? I can't even talk again.
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by integrity16(m): 8:47pm On May 27, 2021
Buhari has finished us ohhh chai
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by juniorstar(m): 8:49pm On May 27, 2021
etokhana:


https://thewhistler.ng/naira-set-to-hit-n500-at-parallel-market-after-cbn-devaluation/amp/?__twitter_impression=true
Lol..me wey don dey sell for 600since...savers are loosers.
Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by FanOfMyself: 8:50pm On May 27, 2021
ThatFairGuy:
I think Emefiele should be relief of the job for now, let's try someone else.


Because he's Igbo abi. But Buhari should continue abi. As if it's the CBN that is responsible for the economy of the country. You all muslims are the worst living thing!!

2 Likes

Re: Naira Set To Hit N500 At Parallel Market After CBN Devaluation by Reelmii: 8:50pm On May 27, 2021
Abiboss:

Zombies don't care bro
that is why their jets will keep crashing

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