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Nairaland Forum / Nairaland / General / Business / Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens (15632 Views)
Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry / Naira Weakens To 917 Per Dollar - Bloomberg / Naira Plunges To N472/$ As Forex Scarcity Worsens (2) (3) (4)
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Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by SUNDAYSIO(m): 10:20am On Sep 14, 2023 |
ajimo54: It clear that you stop schooling at primary level. If you look at all the properties this person has have in his room 85% of them is NOT Nigerian made and he is yelling that "Why are you all looking for dollars?" Oga try grow up even if you no complete school 4 Likes 1 Share |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by ufotunang: 10:24am On Sep 14, 2023 |
PDP administration was better the economy was good, prices of foodstuffs was cheap, the naira had value..200 naira to a dollar during PDP time... nigerians should had retained PDP to still be in power |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by Reference(m): 10:24am On Sep 14, 2023 |
Three pages. Yet to see the supporters, fans and fanatics of this government. To come and explain what is happening and what the government is or isn't doing right. When it comes to politics they are all out in arms. But when it comes to the governance that politics is supposed to provide they go mute, or travel on holidays. Theirs is to win for winning sake, very little else. The government in itself is no longer bothered about the slide in the value of the naira. No longer speaking about it. They too are lost at sea. Just like the deregulation of the energy sector, they have opened up the sick patient in the operating theatre but do not know how to proceed with the surgery, what to remove, how to repair or fix to restore the health of the patient. So it has become deregulation for deregulation sake..... and proves that they only acted because EVERYONE WAS SPEAKING ABOUT IT FOR YEARS. In actual fact they never had a grasp of what the real issues were. 3 Likes |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by olaniyilukman(m): 10:29am On Sep 14, 2023 |
ogododo:Tinubu is already a failure, shame on Yorubas 1 Like |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by ufotunang: 10:32am On Sep 14, 2023 |
That is why nigerians need Peter obi to make the economy to be good and better and strengthen the naira against the dollar 1 Like |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by ufotunang: 10:34am On Sep 14, 2023 |
Goodman2023:..so nigeria cannot produce toothpick ? |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by Thegamingorca(m): 10:34am On Sep 14, 2023 |
SemperFid: Boss show us the way |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by ufotunang: 10:35am On Sep 14, 2023 |
This is the renewed shege nigerians voted for |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by Diligence: 10:47am On Sep 14, 2023 |
Next time, when you hear "FLOAT", u say ah who can control floating...! Tinubu should beg Emefiele who perhaps refused to serve anoda 6 months under BAT... APC: What u can't destroy, doesn't exist. 1 Like |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by Yankee101: 10:56am On Sep 14, 2023 |
Tinubu the economist 1 Like |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by Evestar200(f): 10:58am On Sep 14, 2023 |
Is only when I have changed my dollar that's when Naira will weaken . What I changed 900/$1 last week is now 935/$1 |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by Germi9: 11:23am On Sep 14, 2023 |
If you get money abeg buy dollars itโs a good business ..dollars nor dey fall for naija.Me nor get and he dey pain me badly |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by Yankee101: 11:35am On Sep 14, 2023 |
Go digital and expose politicians? NFIU will catch them easily |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by otokx(m): 11:38am On Sep 14, 2023 |
It appears we are heading for 1,500 naira by December. 1 Like |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by ChronicGp(m): 11:48am On Sep 14, 2023 |
Make e reach 2k no problem |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by CodeTemplar: 11:59am On Sep 14, 2023 |
Minatouchiha:there is official rate and black market still in existence. It can never collapse. |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by CodeTemplar: 12:02pm On Sep 14, 2023 |
ufotunang:To come and do what exactly? Start another romance with the James Nwafors of police force? |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by CodeTemplar: 12:06pm On Sep 14, 2023 |
lomprico:the vengeful bookkeeper turn accountant picked the wrong man when he foolishly picked emefiele and started deviating from his policies. Just like under emefiele, we had two rates but with about N250 stronger per dollar. Now see what we have. |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by GoodRocks: 12:36pm On Sep 14, 2023 |
ideynl1: As Tinubu supporters, We don't care whether dollar becomes 1,000 or not our focus is on obi and Igbos. Cc: Seunmsg leodeking Pandoraobi Obembet helinus etc. U see The above monikers? A sane platform would have Since banned them from accessing their site. |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by GoodRocks: 12:38pm On Sep 14, 2023 |
Ozommadu: CC seunmsg leodeking Pandoraobi Obembet helinues etc. These ones are waiting for news concerning obi and Igbos. Wether Dollar becomes 1k or not, Dem no send! 1 Like |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by Goodman2023: 12:45pm On Sep 14, 2023 |
ufotunang:...yes |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by poiZon: 12:50pm On Sep 14, 2023 |
CodeTemplar:It's as simple as this... Our biggest problem now is insecurity...and it is targeted t our most productive zones... Heard our daily oil production just dropped by more than 400thousand barrels daily... Interns of agronomy, we r having serious issues there cause of these bandits and iswap/boko haram.. Buhari really destroyed this country... |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by Etimemy: 12:51pm On Sep 14, 2023 |
Buhari killed Nigeria, Tinubu do the finishing by giving befitting burial. |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by Ozommadu: 1:17pm On Sep 14, 2023 |
GO0DHardDick: They gats to justify their monthly TMC stipend naa |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by RealEzee(m): 1:33pm On Sep 14, 2023 |
$1/#2k by December is da goal ... |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by int0x80(m): 1:39pm On Sep 14, 2023 |
Sweet ๐บ๐บ๐บ๐บ #1000 loading....... |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by Tianamen1: 1:44pm On Sep 14, 2023 |
compu: I am not an Economist, but I have some understanding of what is happening now. MAKE HAY WHILE THE SUN SHINES. There are cycles/periods when the dollar (and other G6 currencies) is strong and when it is weak. During periods of weakness, developing countries are supposed to invest wisely to ensure that their currencies appreciate. This will create a cushion effect to reduce the magnitude of depreciation of developing countries' currencies when G6 currencies start to strengthen. A WASTEFUL COUNTRY Rather than investing in the general population's education and healthcare, major drivers of productivity, our government and people were focused on spending on useless imported things that added no productive value to society. Nigeria's poor girl child education has led to an explosion in population that has further worsened conditions for the Naira. THE WAY OUT OF THIS MESS-HE WHO FIGHTS AND RUNS AWAY LIVES TO FIGHT ANOTHER DAY. So far, the US Federal Reserve (central bank) keeps raising interest rates, the Naira will continue to fall no matter what policy decision the government makes. The CBN can choose to raise interest rates, but this will raise government debt, forcing the Ministry of Finance to print money, which will lead to inflation, as we have witnessed in the last few years. There are no quick fixes; the Naira has lost this set of battles, and it is best to plan for 10 - 50 years down the line, A rebirth of the Naira and the Nigerian economy. We should be taking stock of what led us here and punishing whoever is responsible for this mess to ensure it is never repeated in the future. Public and Civil servants (past and present) with multiple homes and multiple cars should be made to pay heavy taxes for their wastefulness, and failure to make payments should attract lengthy jail sentences. OIL MONEY BELONGS TO ALL NIGERIANS AND NOT THE FEDERAL GOVERNMENT Income from mineral resources should not be used to pay salaries and allowances to public and civil servants. Nigeria needs to be managed like any other country. If the government wants to create a research institute, the Nigerian people must be willing to pay taxes for the infrastructure and salaries of the workers to be employed there. If the people are not willing, then such an institution should not exist. Income from oil sales should be channelled into education and healthcare for every Nigerian, and whatever is left should be invested in a wealth fund. This is the way forward. |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by InvertedHammer: 1:51pm On Sep 14, 2023 |
/ I realized that it is pointless debating with people in Nigeria about misgovernance and APC. Let reality do the talking. Until a bag of rice hits N100k with minimum wage stagnant at N30k/month, some people no go get sense....that's assuming they will ever. / |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by UnfairLife7(m): 1:56pm On Sep 14, 2023 |
SUNDAYSIO:Lol Most of them na Olodo na. That old mumu man fearyourcreator who hardly string two or three words together to make a sentence. The riff raff with his primary 2 English will defend anything emilokan and Nigeria ๐๐ |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by saysoo: 2:20pm On Sep 14, 2023 |
ogododo:in one month you people saved N1trillion,so in 3 Months you have saved N3trillion. So no problem. |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by Fearyourcreator: 2:27pm On Sep 14, 2023 |
UnfairLife7:Ok |
Re: Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens by naija1stnigar(m): 2:30pm On Sep 14, 2023 |
Thiefnubunomics.that's why happens when a criminal who is supposed to be in prison is the one leading a whole country. |
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