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Nairaland Forum / Nairaland / General / Business / Investor & Exporter Window Crashes to All Time Low At N788.42/$1 (29035 Views)
Naira Crashes To All-time Low, Hits N1043.09/$1 At Official Market / Naira Falls To Record Low At I&E Window, Trades ₦993/$ / Naira Crashes To Record Low At Official Market (2) (3) (4)
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Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by ArcFresky(m): 8:19am On Jul 12, 2023 |
MykellOni: Let me ask you. What do you need $$$ for? Do you use $$ for anything you can get in Nigeria, locally produced? Then you are part of the people destroying the economy. You don't understand economics, all you understand is dollar is now expensive... |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by CutSoap(m): 8:21am On Jul 12, 2023 |
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Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by waveman2: 8:24am On Jul 12, 2023 |
Oga we can never get sense the wickedness is inbuilt.Tribalism,religion,ethnicity is only the fuel to the wickedness,my neighbour will not suceed syndrome.These are what is killing nigeria. bjdon: |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by jaxxy(m): 8:25am On Jul 12, 2023 |
ReubenE: I told them propaganda and image laundering won't improve the exchange rate or economy only doing the right thing will. 2 Likes 1 Share |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by MISSCONGENIALITY(f): 8:31am On Jul 12, 2023 |
salbis:It's has favoured me and my community people. Our own exchange rate is 110 1 Like |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by MISSCONGENIALITY(f): 8:32am On Jul 12, 2023 |
12345baba:They did hit the ground but instead of running, they went 10fits under. 1 Like |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by WantsandMore: 8:33am On Jul 12, 2023 |
salbis:@410 government was Subsidizing dollar & has been subsidizing it since 2011. I'm pretty sure you never knew |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by MISSCONGENIALITY(f): 8:34am On Jul 12, 2023 |
And tomorrow if I'd goes back to 787 they will say naira has appreciated Thank God this naira devaluation will favour me and my community. 1 Like |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by Khyrvxjzy: 8:47am On Jul 12, 2023 |
waveman2: no paliative for farmers. they should get whatever means there goods will get to consumers. are they not making profit? |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by Khyrvxjzy: 8:48am On Jul 12, 2023 |
Ikaeniyan0: you are right sir minimum wage is long overdue. seriously we should be looking at nothing less than 80 - 100k |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by EdoBoy90(m): 8:50am On Jul 12, 2023 |
800naira to a dollar right |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by Davicl: 8:53am On Jul 12, 2023 |
EdoBoy90: 805 to dollar now 1 Like |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by Tianamen1: 8:55am On Jul 12, 2023 |
nairalanda1:I never said anything about cutting government spending or subsidies. I was referring to the introduction of import taxes and property taxes to reduce Nigerians' demand for dollars. This has the same effect as increasing production, which is much easier to accomplish. What is your opinion on this idea? We don't have to earn more money. It is extremely harder to earn more money than to introduce taxation. Taxation that would mainly affect the rich. |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by Treadway: 8:58am On Jul 12, 2023 |
ArcFresky:mehnnnn, so in 2023, we still have folks like you that are not very aware of things around them. Except SOME foods, almost every item in Nigeria has components of it imported, with little to no local substitute. Vitafoam is a Nigerian company, but the chemicals, raw materials and even the textiles are all imported! This is the same for virtually every product you can think of. The drugs you use, except for vitamin c and paracetamol, you think they are made in Nigeria? Who do us like this? When you no even understand the nuances of a situation yet you are defending a position? Smh 3 Likes |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by Believeintruth: 9:00am On Jul 12, 2023 |
nairalanda1: Oga stop trying to be half clever. Peter Obi's stand on subsidy and how it would be removed was what Tinubu used. The implementation and the procedure was where he goofed. Sowore's stand on floating the naira was also what Tinubu copied, and as usual the procedure or implementation was where he goofed. These two blitzkrieg or would i say poorly thought out moves has made Nigerians poorer. See we have a revenue leakage issue, and it takes all sincerity to plug those leakages because it is corruption that is fueling the leakages. it is not hard, and one thing is clear Tinubu does not have the moral sincerity to do that, let us not kid ourselves 1 Like |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by SenatePresdo(m): 9:02am On Jul 12, 2023 |
jesmond3945: Tinubu inherited a mess i agree, but also agree with me that Tinubu is adding to the mess instead of reducing it. 1 Like 1 Share |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by Treadway: 9:03am On Jul 12, 2023 |
Khyrvxjzy:we know una. You enter a shop now to buy something, they tell you the price and you wail that it is too expensive, and how we are the ones doing ourselves. Meanwhile na una be the problem as seen here. Don't worry, buy the time the prices of everything triples all round latest by December, I no expect una to still get sense. I have since come to the realisation that Nigerians deserve no form of pity, as they love suffering and adore those who will make them groan. If I join politics tomorrow, I will also be as 'pharaohic' as possible. Enjoy. |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by Reference(m): 9:21am On Jul 12, 2023 |
ReubenE: They will call you a hater for this. I thought with the removal of subsidies there was an economic plan.... to get this country out of the rut. But alas the removals was THE PLAN. Just sad. 2 Likes |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by Reference(m): 9:22am On Jul 12, 2023 |
MISSCONGENIALITY: Hmmm.... you watch too many cartoons... |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by Khyrvxjzy: 9:35am On Jul 12, 2023 |
Treadway: bro u cant be a politician u can never win a national election no be lie. i no hate u bro no paliative can cushion wahala wey dey, if farmers get paliative civil servant nko, people in private organization nko bro no be emotion, u cant run a street properly if u are cda chaiman d person i quoted see reason in what i said, and we both talk about minimum wage for your information i am a farmer 1 Like |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by jesmond3945: 9:54am On Jul 12, 2023 |
SenatePresdo:how? Is not even up to 2 months. |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by jesmond3945: 10:01am On Jul 12, 2023 |
Iamzik:No no. You want tinubu to lie to nigerians? Nigeria is broke. Buhari came in and finished the country. It is buhari that borrowed billions. Tinubu doesnt want to borrow more thats why he is taking fuel and dollar subsidy money to do some work. At least tinubu is taking responsibility, buhari never did. Always blaming, no accountability. Is it tinubu that inaugurated a refinery that is yet to work? Buhari lied to nigerians, sold propaganda, sold ethnic hate. Please leave tinubu alone. |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by bionixs: 10:11am On Jul 12, 2023 |
APC , masters in just talking. These jokers do better being opposition and armchair critics. Apart from favouratism and fraud, show me any of these men that can handle business of their own. Bunch of lettered jokers, building castles in the air , impressing their shallow minded tibalistic followers 1 Like |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by Ikaeniyan0: 10:46am On Jul 12, 2023 |
Khyrvxjzy:I do not think a lot of states will be able to pay 80-100k. Setting of minimum wage should be move from the exclusive to the concurrent list. in my own opinion, minimum wage should be from 75k in Abuja and Lagos,it should also be close to that in other states where the cost of living is high |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by Khyrvxjzy: 11:55am On Jul 12, 2023 |
Ikaeniyan0: i know it can be possible am saying that out of pity, even 80k. wetin e fit do person especially people in lag and abj its well 1 Like |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by okuta007: 12:12pm On Jul 12, 2023 |
Khyrvxjzy: why not return to 1966 since living in 2023 is a burden for you.. |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by Khyrvxjzy: 12:59pm On Jul 12, 2023 |
okuta007: it not possible i miss it but i want it to happen now so i can see it |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by SenatePresdo(m): 2:02pm On Jul 12, 2023 |
jesmond3945: Were we suffering like this last two months when Buhari was still president? My neighbor has not even drove his car since last two weeks because of fuel. |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by Meerahbel: 2:46pm On Jul 12, 2023 |
jconsulting: 1 Like |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by HRprof: 8:23pm On Jul 12, 2023 |
Akaegwu:Imagine how you reduced Tinubu to micro what happened to his commercial bank Has dollar finish there |
Re: Investor & Exporter Window Crashes to All Time Low At N788.42/$1 by blesdman(m): 9:08pm On Jul 12, 2023 |
Khyrvxjzy:Typo, another |
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