FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom - Business (4)

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FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom (22313 Views)

FX Crisis: Naira Depreciates By N130 Against Dollar In 24 Hours / Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN / Economic Crisis: Naira To Fall Further In January, Says CBN Report (2) (3) (4)

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Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Mosba: 8:18am On Oct 11, 2023

Fake news Tinubu till 2031 Loading....

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by AbujaLagos: 8:19am On Oct 11, 2023

At this juncture I change Nigeria currency name to shege . Nigeria shege vs US dollar

1 Like

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Osanoghodua1: 8:20am On Oct 11, 2023

Tinubu came to loot! Tinubu has no interest of the economy at heart, he came to loot and enrich his friends. He's an illegitimate principality. God is working over time to bring in my wealth. I draw wealth from heaven not from Nigeria anymore, Hallelujah God is working it's a miracle. Glory to God in the highest.

1 Like

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by MrPOTUS: 8:20am On Oct 11, 2023

kushe:
Can we all stop with the Tinibu bashing.
The economy was a disaster before this man took the saddle but he grossly underestimated the rot and attacked the job impulsively probably out of excitement.
Now reality has hit him and he is as perplexed as u and I. Our country is like Lazarus that has been bound in grave clothes and the only thing containing the stench of our demise is propaganda.
We need a saviour to shout "Lazarus,come forth! "because even Peter Obi would have a migraine fixing this country at this point.
Write it down,dollar on Dec 25 will be 1230.

Drop that talk bros.

This vegetable was part of the previous govt that started the destruction.

So, he has no excuse.

Buhari and Tinubu were never prepared for leadership, the two vegetables just wanted to be president.

5 Likes

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Evolutionism: 8:21am On Oct 11, 2023

Okay i'm Cumming.

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by SirLakes: 8:21am On Oct 11, 2023

Make we dey ronu dey go grin

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by joseph1832(m): 8:22am On Oct 11, 2023

I still don't understand this. While the Naira is plummeting, the dollar increases, so those who buy dollars and keep are smiling now. Aren't they among the people crippling the strength of the Naira? 🤔

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by billyG(m): 8:23am On Oct 11, 2023

Just as I predict 2months ago.how can $1000 be #1,025000 no be juju be that?

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Reference(m): 8:24am On Oct 11, 2023

Just 3 pages on a topic of debate of national economic importance.

If this was a topic of ethnic or religious biases the respondents will have numbered in the hundreds.

That is the colour of a nation that cannot solve any, not one of it's problems.

Governments that are elected for election sake.

A country that has never seen a better tomorrow.

A citizenry that lives and dies only to have their people rule, nothing more.

We have done our duty to caution, teach, and suggested in multuvaried ways of a better way forward.

Now it is time to sit back and watch.

2 Likes

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by ConfidentialDoc: 8:25am On Oct 11, 2023

shopwiser:
The ìdiot doesnt clearly knows what he is doing on that seat. The suffer just start make una relax lol.. keep voting nonsense into power using tribal sentiment.. body go tell una

He knows what he's doing...you won't believe that a kleptomaniac always know what they're doing.

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by MrBONE2(m): 8:25am On Oct 11, 2023

Chokehold:
We warned them. Where are the agbado miscreants? They will blame Buhari and Jonathan, or even Obasanjo.

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Muyiii(m): 8:25am On Oct 11, 2023

iwaeda:
•Forex crisis hinders raw materials procurement, causes financial problem – NECA

•SMEs decry impending shutdown, Reps probe airlines, schools demanding dollars

https://punchng.com/forex-crisis-naira-plunges-to-1025-job-losses-factory-shutdown-loom/

The fact the we get all these troubling stats on a daily basis and some people are still hell bent on defending and supporting the government is really disturbing. I hope we know that this country is ours and ours only. If it masses aren’t feeling any relief for years and it’s even getting worse..where is the hope?

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by MrBONE2(m): 8:26am On Oct 11, 2023

Joshcoli:

May we not miss Buhari

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by billyG(m): 8:27am On Oct 11, 2023

Agbadorians how market?but why d successive regimes tend to perform worst than their predecessors?

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Angelfrost(m): 8:27am On Oct 11, 2023

It hasn't really fallen... I expect #1500 to a Dollar by December.

Make una die on top Importation... Don't take local production, steady Power supply, and security seriously.

Almost 6 months in office, no critical area has been addressed as a matter of urgency and emergency... Just been dishing out propaganda and fake statistics.

Reality Check! Propaganda and fake statistics are not sustainable. They can't hide the rot forever.

5 Likes 2 Shares

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Spxz: 8:28am On Oct 11, 2023

Hate to be tribalistic but mehn I blame yorubas and northerners they have finished us. Especially the yorubas na them foist this calamity on Nigeria

4 Likes

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Saidfx(m): 8:28am On Oct 11, 2023

May Allah make it 2-3k $ to a naira. Then the demand for the Zionist instrument, called currency will be no more. F***ck the $$$

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by darkmarky(m): 8:28am On Oct 11, 2023

I want the north to feel the heat.

3 Likes

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by fabolouz1(m): 8:29am On Oct 11, 2023

PBAT will overcome .

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by yinkeys(m): 8:29am On Oct 11, 2023

Irresponsible & Irredeemable at this point

1 Like

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Theunbothered: 8:29am On Oct 11, 2023

shopwiser:
The ìdiot doesnt clearly knows what he is doing on that seat. The suffer just start make una relax lol.. keep voting nonsense into power using tribal sentiment.. body go tell una

Why do you think he appointed so many media aides? grin

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by danhans(m): 8:31am On Oct 11, 2023

Na Igbo's cause am,at lest everybody don humble

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by emmanuelbrown26: 8:32am On Oct 11, 2023

Yugoslavia247:
I wish I can venture into exporting but I do not know how to

If u want to start export business, u hv to register first or if u hv somebody over their, just reason wit d person. Ask african/Nigerian stuffs that moves faster their, u can start by packaging it for him or her. Just get a reliable somebody over their
But if u want to start it commercial way, it will cost u damn money bcs of heavy tax by dis useless party and useless Tinubu.
Mind u, if u supported Tinubu and u want to start export, may that goods sink in d sea for life

1 Like

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Saidfx(m): 8:32am On Oct 11, 2023

iwaeda:
Tinubu economic wizard. You will understand when it is N2500 to dollar. Yet some wicked and senseless people will be defending useless politicians, while their children use the private jets. .

At that rate nobody will need it again and the hustlers from the rising sun region can go to hell.

2 Likes 1 Share

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Angelfrost(m): 8:32am On Oct 11, 2023

darkmarky:
I want the north to feel the heat.

Everyone living and earning salaries in Naira will feel it together...!

North is already used to suffering... They live for suffering.

Na Southerners I pity pass. Body go tell everybody.

5 Likes

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Brushstrokes20: 8:33am On Oct 11, 2023

I NEVER imagined any mortal can beat Buhari"s WOEFUL records!....👀👀👀👀
# eBOLA on rampage
# the shyyythole from fry pan to 🔥
The doomed contraption is sinking by the seconds

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by deavicky(m): 8:33am On Oct 11, 2023

When the time finally arrive Apc and Tinubu go take their hand say they are finally tired. During Buhari them say na Ukraine war they make dollar go up. Even Ukraine wah dey recieve the bombing their currency dey where e dey. Nigeria where nothing concern them with war, no bumb from Russia land in Nigeria, yet our economy if dieing.
Other country are cashing out we are here complaining and doing nothing.
Now what is going on?.

1 Like

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by darkmarky(m): 8:34am On Oct 11, 2023

Angelfrost:

Everyone living and earning salaries in Naira will feel it together...!

North is already used to suffering... They live for suffering.

Na Southerners I pity pass. Body go tell everybody.

you think they are poor? People that have businesses? They'll still live. You are right, its the salary earners who will be affected.

1 Like

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by emmanuelbrown26: 8:34am On Oct 11, 2023

2pacarnate:
Templercode, freestuffNG,IconicR,bigotic accordogga26,All the agbadorians has left the group chat,ronu how far,history will remember that it was yorubas that destroyed this country, sorry to yoruba obidients,blame your brothers,if one finger touch red oil,e go reach other fingers.

Igbos will never rule this country,now am.loving that saying more and more, please obi should forget about presidency biko nwanne,make we suffer Wella,me I know say we igbos are used to high cost if living,at least for east we no dey join two with strangers ontop okada😂that na Yoruba signature

Am proudly igbo,to hell with presidency,we all know who is feeling the.heat more right now😂

Nwanemous, I support u 200%, Obi should just relax and allow Nigerians to suffer more. Yorubas thought that they are doing igbos, they all wanted to teach us politics 101, see d end result.

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by PepeXKermit: 8:34am On Oct 11, 2023

exchange rate favor me and my family. even buhari no do reach like this. looool

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by Johnken1234: 8:34am On Oct 11, 2023

I wonder all these advisers all over Tinubu what they are advising him, unfortunately these are renowned economics, professors yet things are getting worst every day.

People are suffering, prices of things skyrocketing, loss of jobs, so many companies shutting down production yet we have economics and professors advising Mr President.

I wish we can allow Peter Obi who has been ringing it as a bell that until we move from consumption to production, things will be worse than what we are experiencing now.

God please come to our rescue!!!!

2 Likes

Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by sedIoyol(m): 8:35am On Oct 11, 2023

kushe:
Can we all stop with the Tinibu bashing.
The economy was a disaster before this man took the saddle but he grossly underestimated the rot and attacked the job impulsively probably out of excitement.
Now reality has hit him and he is as perplexed as u and I. Our country is like Lazarus that has been bound in grave clothes and the only thing containing the stench of our demise is propaganda.
We need a saviour to shout "Lazarus,come forth! "because even Peter Obi would have a migraine fixing this country at this point.
Write it down,dollar on Dec 25 will be 1230.

stop making excuses for him. If he doesn't no the solution, let him quit.

1 Like

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